Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — Q2 FY23 Earnings Presentation
39 slides from Ajmera Realty & Infra India's earnings presentation, Nov 10, 2022
Slide 1: Cover letter to stock exchanges
Ref: SEC/ARIL/BSE‐NSE/2022‐23 Date: November 10, 2022 The Bombay Stock Exchange Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza, Dalal Street Bandra Kurla Complex Bandra(East) Mumbai – 400 001 Mumbai‐400051 Script Code : 513349 Script Code : AJMER
Slide 2: Investor Presentation Q2 FY23
FY 2023 Ajmera Realty & Infra India Limited INVESTOR PRESENTATION Q2 FY 23 www.ajmera.com
Slide 3: Disclaimer
Q2 FY23 DISCLAIMER The information in this presentation contains certain the ability to implement our growth, expansion plans & forward-looking statements. These include statements strategy; fluctuations in currency exchange rates; regarding the intent, plans, objectives, goals, strategies, changes
Slide 4: Performance & Operations Business Updates
Q2 FY23 FY 2023 PERFORMANCE & OPERATIONS BUSINESS UPDATES Making Strides
Slide 5: Key Business Highlights – H1 FY23
Q2 FY23 Key Business Highlights – H1 FY23 ~INR 566 Cr ~INR 312 Cr Sales Value Collections 181% YoY Increase Increase in momentum by 44% YoY ~INR 46 Cr ~INR 108 Cr 19% PAT Margin Manhattan Revenue Equivalent to FY22, PAT Margin Doubled Revenue recognition stage achieved 2,37,415 Sq. ft OC Received Sa
Slide 6: Performance Highlights – H1 FY23
Q2 FY23 Performance Highlights – H1 FY23 Financial Highlights Operational Highlights SALES VOLUME (Sq. ft.) TOTAL REVENUE (INR Cr) EBIDTA (INR Cr) & SALES VALUE (INR Cr) EBIDTA MARGIN (%) 237,415 566 242 76 59 31% 25% 1,15,464 235 106% 202 181% 3% 29% H1 FY22 H1 FY23 H1 FY22 H1 FY23 H1 FY22 H1 FY23
Slide 7: Financial Highlights – Q2 FY23
Q2 FY23 Financial Highlights – Q2 FY23 EBIDTA (INR Cr) & TOTAL REVENUE (INR Cr) EBIDTA MARGIN (%) Strong Financial Performance 187 58 87% YoY increase in Total Revenue 100 55 25 133% YoY increase in EBIDTA 18 25% 33% 31% 209% YoY increase in PBT Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23 199% Y
Slide 8: Operational Highlights – Q2 FY23
Q2 FY23 Operational Highlights – Q2 FY23 SALES VALUE (INR Cr) SALES VOLUME (Sq. ft.) Strong Operational Performance 400 157,438 49% YoY increase in Sales Volume 79,976 166 53,801 91 83% YoY increase in Sales Value Momentum Maintained being Q2 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q1 FY23 Q2 FY23 Collection I
Slide 9: Project Sales & Collections – Q2 & H1 FY23
Q2 FY23 Project Sales & Collections – Q2 & H1 FY23 Q2 FY23 H1 FY23 Carpet Area Sales Value Realisation Collections Carpet Area Sales Value Realisation Collections Project Location Sold (Sq. ft.) (INR Cr) (INR/Sq. ft.) (INR Cr) Sold (Sq. ft.) (INR Cr) (INR/Sq. ft.) (INR Cr) Aeon, Zeon, Treon Mumbai 7
Slide 10: Portfolio & Industry Update
Q2 FY23 FY 2023 PORTFOLIO & INDUSTRY UPDATE Making Strides
Slide 11: Micro Market Presence
Q2 FY23 Micro Market Presence Completed Destinations Under Development Destinations Future Launches - FY23 & FY24 Ajmera Yelahanka Lugaano Future Development Potential Ajmera Florenza Ajmera Prive (Launched in Oct 22) Ajmera Juhu Sikova Ghatkopar Ajmera Wadala Manhattan Ajmera Greenfinity Ajmera Ele
Slide 12: Industry Update – Mumbai
Q2 FY23 Industry Update – Mumbai CONTINUED MOMENTUM IN RESIDENTIAL AND COMMERCIAL DEMAND Residential Sector Commercial Sector 22,000 units Gross leasing volume of launched in Q2 FY23 ~4.23 Mn Sq. ft. in Q2 FY23 70% of launches dominated ~1.5 Mn Sq. ft. of completions {{{ by mid and luxury segment du
Slide 13: Wadala – Product Offerings
Q2 FY23 Wadala – Product Offerings Across Mid Market and Compact Luxury AEON, ZEON, TREON READY TO MOVE IN GREENFINITY MID MARKET MANHATTAN COMPACT LUXURY 12
Slide 14: Ajmera Manhattan
Q2 FY23 Compact Luxury Project Ajmera Manhattan 460 Cr Top Selling Housing Projects in Mumbai OF SALES BOOKED Eastern Suburbs* ~33% INR 108 Cr of Inventory Sold of Revenue Recognised * Source – IndexTap Premier League by CRE Matrix data for April-June 2022 Foundation Work Completed 13
Slide 15: Ajmera Greenfinity
Q2 FY23 Mid Market Project Ajmera Greenfinity 142 Cr Moving Towards Completion with Fast OF SALES BOOKED Tracked Execution ~73% INR 106 Cr of Inventory Sold of Revenue Recognised Super Structure MEP & completed in Feb 2022 Finishing - WIP 14
Slide 16: Ajmera Sikova
Q2 FY23 Boutique Commercial Project Ajmera Sikova 163 Cr Moving Towards Completion with Fast OF SALES BOOKED Tracked Execution inspite Covid-19 ~66% INR 93 Cr of Inventory Sold of Revenue Recognised MEP & RCC work completed Finishing - WIP 15
Slide 17: Ajmera Prive
Q2 FY23 Premium Residences in upscale Juhu Ajmera Prive 6 Cr+ Approvals Ticket Size Received: Commencement Certificate & RERA RERA Number 3 & 4 BHK P51800047174 Premium Residences UNITS SIZE 3 BHK 1211 Sq. ft. 4 BHK 1733 / 2078 Sq. ft. Piling work completed Excavation WIP 16
Slide 18: Industry Update – Bangalore
Q2 FY23 Industry Update – Bangalore RESIDENTIAL SECTOR OUTPERFORMS; LEASING REMAINS HEALTHY Residential Sector Commercial Sector 5,800 units launched in Gross leasing volume of Q2 FY23 ~3.5 Mn Sq. ft. in Q2 FY23 76% of launches dominated by ~3.6 {{{ Mn Sq. ft. of completions mid market segment durin
Slide 19: Ajmera Nucleus
Q2 FY23 Mid Market Project Ajmera Nucleus 180 Cr OC Received for Residential AB & OF RESIDENTIAL Commercial SALES BOOKED ~77% of Residential INR 160 Cr of Revenue Recognised Inventory Sold Nucleus C Commercial Under Construction OC Received Inventory 18
Slide 20: Ajmera Lugaano & Florenza
Q2 FY23 Affordable Project Ajmera Lugaano & Florenza 19
Slide 21: Project Portfolio
Q2 FY23 Project Portfolio Revenue Revenue Estimated Value Total Carpet Carpet Area Carpet Area Project Ownership Recognised Unrecognised Of Unsold Area Project Status Area (Sq. ft.) Sold (Sq. ft.) Unsold (Sq. ft.) (INR Cr) (INR Cr) (INR Cr) Aeon, Zeon, 100% 958,348 944,914 2,168 6 13,434 32 OC Recei
Slide 22: Future Launches
Q2 FY23 Future Launches POTENTIAL LAUNCHES IN FY23 & FY24 Estimated Estimated Estimated Estimated Project Location ProjectType Ownership % Launch Completion Revenue CarpetArea (Month, Year) (Month, Year) (INR Cr) (Sq.ft) Ajmera Prive Mumbai Residential 100% Launched Dec 24 150 30,700 Codename Ghatko
Slide 23: Revenue Recognition: Strong Revenue Visibility
Q2 FY23 FY 2023 REVENUE RECOGNITION STRONG REVENUE VISIBILITY Making Strides
Slide 24: Revenue Recognition – OC Received Projects
Q2 FY23 Revenue Recognition OC Received Projects Total Carpet Sales Book as on Revenue Balance Revenue Unsold Carpet Estimated Revenue Projects Area Sold 30 Sep 2022 Recognised Recognition Area Sale value Potential (Sq. ft.) (INR Cr) (INR Cr) (INR Cr) (Sq. ft.) (INR Cr) (INR Cr) (i) (ii) (iii) (iv)
Slide 25: Revenue Recognition – Advance Stage Projects
Q2 FY23 Revenue Recognition Advance Stage Projects Completion Total Carpet Sales Book as on Revenue Balance Revenue Unsold Estimated Revenue Projects as on Area Sold 30 Sep 2022 Recognised Recognition Carpet Area Sale value Potential 30 Sep 2022 (Sq. ft.) (INR Cr) (INR Cr) (INR Cr) (Sq. ft.) (INR Cr
Slide 26: Revenue Recognition – Mid Stage Projects
Q2 FY23 Revenue Recognition Mid Stage Projects Completion Total Carpet Sales Book as Revenue Balance Revenue Unsold Estimated Revenue Projects as on Area Sold on 30 Sep 2022 Recognised Recognition Carpet Area Sale value Potential 30 Sep 2022 (Sq. ft.) (INR Cr) (INR Cr) (INR Cr) (Sq. ft.) (INR Cr) (I
Slide 27: Revenue Visibility
Q2 FY23 Revenue Visibility OC Received Projects Advance Stage Projects Mid Stage Projects (Aeon, Zeon, Treon, Nucleus AB & Commercial) (Sikova, Greenfinity & Nucleus C) (Manhattan, Lugaano & Florenza) INR 7 Cr INR 145 Cr INR 125 Cr INR 185 Cr INR 394 Cr INR 1,189 Cr Revenue to be recognised Sales re
Slide 28: 5X Road Map – Implementing Growth Strategy
Q2 FY23 5X ROAD MAP – Implementing Growth Strategy Active evaluation of Unlocking potential Focus on execution & Maximising overall asset light JV/ JDA & DM of land bank timely project completion customer experience partnership structures Land Bank AJMERA PRIVE AJMERA GREENFINITY AJMERA MANHATTAN Po
Slide 29: ESG
Q2 FY23 FY 2023 ESG ENVIRONMENT | SOCIAL | GOVERNANCE Making Strides
Slide 30: ESG – Environmental Initiatives & Recognition
Q2 FY23 ESG – Environmental Initiatives & Recognition Certified Green Building Product Design & Lifecycle Management • Energy Efficient Building design, with more emphasis on ventilation and light. • Rainwater harvesting mandatorily available at each projects • Socially responsible of carrying out r
Slide 31: ESG – Social Initiatives
Q2 FY23 ESG – Social Initiatives Mumbai Mobile Creches Facility at Wadala Site School Bags donated to 213 students in Khardi Village Supporting rejuvenation of 9 School Fees sponsorship for Supported “Har Ghar lakes under Participatory Water underprivileged children Tiranga” Campaign in Management P
Slide 32: ESG – Governance
Q2 FY23 ESG – Governance Some of our Policies for Strong Governance Practices Effective governance • Code of Insider Trading Policy Board consists of professionals from diverse fields • Policy on Preservation of Documents • Archival Policy SEBI Compliant, Regular and • Dividend Distribution Policy t
Slide 33: Governance – Esteemed Board Of Directors
Q2 FY23 Governance – Esteemed Board Of Directors Rajnikant S. Ajmera A. C. Patel Chairman & MD Independent Director • Aged 77, is a Metallurgical Engineer from IISC, Bengaluru • Aged 68, is the pillar and guiding force behind the (batch of 1969). growth of Ajmera Group • Also serves as an Independen
Slide 34: Governance – Leadership Group
Q2 FY23 Governance – Leadership Group Dhaval Ajmera Shweta Rathor Director GM Human Resources As director, Dhaval's primary role within the group is leading company With over 18 years of experience, Shweta leads developing and strategy, operations and project coordination. With Dhaval at the impleme
Slide 35: Shareholding & Price Movement
Q2 FY23 Shareholding & Price Movement Shareholder Information as SHARE PRICE PERFORMANCE on 30th Sep 2022 BSE Ticker 513349 NSE Symbol AJMERA Market Cap* (in INR Cr) 873 Promoter holding % 69.73% 112% % Free-Float 30.27% 26% Free-Float Market Cap* (in INR Cr) 201 15% Shares Outstanding (in Cr) 3.55
Slide 36: Financial Results Summary
Q2 FY23 FY 2023 FINANCIAL RESULTS SUMMARY Making Strides
Slide 37: Consolidated Financial Summary – Q2 & H1FY23
Q2 FY23 Consolidated Financial Summary – Q2 & H1FY23 Profit & Loss Statement Particulars Q2 FY23 Q2 FY22 YoY Q1 FY23 QoQ H1 FY23 H1 FY22 YoY (INR Cr ) Revenue From Operations 185.5 98.5 88% 52.3^ 255% 237.8 233.1 2% Other Income 1.7 1.6 4% 2.8 (41%) 4.5 2.3 99% Total Income 187.1 100.1 87% 55.1 240%
Slide 38: Consolidated Financial Summary – H1FY23
Q2 FY23 Consolidated Financial Summary – H1FY23 Cash Flow Statement Balance Sheet Statement H1 FY23 H1 FY22 H1 FY23 FY22 H1 FY23 FY22 Particulars Liabilities Assets (INR Cr) (INR Cr) (INR Cr) (INR Cr) (INR Cr) (INR Cr) Opening Cash & Cash Equivalents 23 25 Shareholders Funds 748 710 Trade Receivable
Slide 39: Thank You
THANK YOU Ajmera Realty & Infra India Limited Contact Info: E-mail: ir@ajmera.com Registered Office: Ajmera Realty & Infra India Ltd , 2nd Floor, Citi Mall, Andheri Link Road, Andheri (West), Mumbai - 400053 Phone: 022 - 6698 4000 Presentation Design by Chimpzlab CIN No.: L27104MH1985PLC035659 Websi
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