Arihant Superstructures Limited · NSE:ARIHANTSUP
Arihant Superstructures — Q1 FY2021 Earnings Presentation
38 slides from Arihant Superstructures's earnings presentation, Aug 12, 2020
Slide 1: Arihant Superstructures Ltd. – Letter to Exchanges
ARIHANT SUPERSTRUCTURES LTD. C DO NTI NLUI NG STABI LI TY CONTI NUI NG STABI LI TY 128 August, 2020 Corporate Relations Department Listing Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot No. C/1,G Block, Mumbai
Slide 2: ASL Investor Presentation Q1FY21
ASL Investor Presentation Q1FY21 COMMODITY COAL DREDGING TRANSPORTATION OIL & GAS NSE : ARIHANTSUP BSE : 506194 ASL believes REAL ESTATE is a retail product with a BLOOMBERG : ARSU:IN flavour of an Asset Class.
Slide 3: Cautionary Statement and Disclaimer
Cautionary Statement and Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified. No representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. Any forwa
Slide 4: CMD's Message
CMD’s Message Commenting on the real estate sector, Mr. Ashok Chhajer, CMD of Arihant Superstructures said, “In a pandemic situation like Covid-19, it is important to set our priorities right. It was of paramount importance that we ensure that our employees and workers (including contract labourers)
Slide 5: “Arihant” Group
“Arihant” Group • One of the Largest real estate player in Affordable Housing since 2009 consisting of its 66% portfolio in affordable housing and having projects in hand for next 7 years • ASL has an edge in its operational areas – Navi Mumbai, MMR and Jodhpur regions • Delivered 9000 homes worth 7
Slide 6: Arihant Superstructures Ltd (ASL): At A Glance
Arihant Superstructures Ltd (ASL): At A Glance Company Profile Upper Medium CATEGORY-WISE PROJECT PROFILE 1. A leading real estate company focused on Affordable Luxury Income Segment Group (INR 7,000+ psf) 2. Strong execution track record of project completion 6% Low cost 3. Strong brand recognition
Slide 7: Strengths – Business Model
Strengths – Business Model Product Strategy Land Acquisition To have products across various stages of Fully paid up land bank for projects to be construction to serve varied customer needs executed in the next ten years; Land bank acquired at historical cost levels Sales and Marketing Development M
Slide 8: Our Value Creation Journey
Our Value Creation Journey 2000 2014 2017 2019 1994 Achieved a significant 2007 Successfully completes Successfully Smaller Projects Launch of milestone of Successfully and delivers 4 mn square launched flagship & Quicker Churn Real Estate completing 10 projects Completes and feet; Crossed Rs. 1 bn
Slide 9: Board Of Directors
Board Of Directors Ashok Chhajer, Nimish Shah, Virendra Mittal, Promoter, CMD Whole-Time Director Independent Director ● Over 4 decades experience includes 2 decades in ● A civil engineer with over 17 yrs experience in ● IIT Alumnus and a fellow chartered engineer the real estate business constructi
Slide 10: Experienced and dedicated management team
Experienced and dedicated management team Akshay Agarwal, Piyush Dosi, Deepak Lohia, Director - Procurement Director - Jodhpur CFO ● CA, having 23 years of experience in ● Dual specialization in Marketing ● A civil engineer with over 21 the areas of Taxation, Accounts & and Logistics from Ohio State
Slide 11: Q1FY21 Highlights
Q1FY21 Highlights Sales of 67 Units equivalent to 67,742 sq. ft. amounting Sales to INR 25.05 Crores Highlights Launched Arihant 4Anaika at Taloja Enquiry Levels are nearing Pre-Covid levels Business Development Acquisition of 6 acres of land at Taloja Construction Construction has resumed at all si
Slide 12: Launch Tracker – FY21
Launch Tracker – FY21 Upcoming New Phase Launches in FY21 Sr. No Project Location Flats Tentative Timeline Category 1 Arihant Anmol Badlapur 250 Q2FY21 Affordable Housing 2 Arihant Aspire Panvel 528 Q3FY21 Mid-Income Housing 3 Arihant 5Anaika Taloja 350 Q3FY21 Affordable Housing 4 Arihant Amisha Tal
Slide 13: Lands acquired in Q1FY21
Business Development Lands acquired in Q1FY21 Location Acres Project Saleable Area (sq. Business Model ft. approx) Taloja 6 - 480,000 100% owned Project 12
Slide 14: Sustainable Development
Sustainable Development Water Preservation Solar water heating Social Development by Rain water system, energy by supporting Rural harvesting & STP and efficient lighting and infrastructure, School Energy Conservation use of low VOC etc measures paints & adhesives Economic Participation in Eco-frien
Slide 15: CSR Initiatives
CSR Initiatives • Providing Ration to all laborers & their families staying at the sites during the Lockdown • Grant to Shri Maruti Mandir Trust (Palaspe) for education & livelihood enhancement projects • Construction of Road at Ekatpada village • Construction of Road at Koynaville village 14
Slide 16: COVID-19 Impact on Residential Real Estate & ASL
COVID-19 Impact on Residential Real Estate & ASL Construction • Due to the nationwide lockdown, existing project timelines shall get impacted • ASL has around 1,200 construction workers at its sites across MMR & Jodhpur. Construction has resumed from Q1FY21 Sales • We have seen a reduction in sales
Slide 17: Financial Snapshot
FINANCIAL SNAPSHOT Arihant Superstructures Limited (ASL)
Slide 18: Capital Market Data
Capital Market Data Capital Market Details Shareholding Pattern Public BSE Scrip Code 506194 20% FPIs/Banks NSE Trading Symbol ARIHANTSUP & FIs 1% Mutual Funds Bloomberg Code ARSU:IN 5% GICS Sector Real Estate Promoters 74% Market Cap as on INR 1173 Mn 30th June, 2020 52 Week High INR 46.65 52 Week
Slide 19: Key Investment Highlights
Key Investment Highlights Strategically Significant Large Land Bank Project Strong Focus On Superior Well-positioned Monetization Acquired At Funding Corporate Growth In High Growth Yet To Come Low Cost Secured Governance Profile Markets • Navi Mumbai – 2nd Best Place in terms 2 of ease of living In
Slide 20: Superior Track Record With Strong Brand Recall
Superior Track Record With Strong Brand Recall Key Strengths Average Sales Rate (INR per sq.ft.) 4,500 4310 4,199 4,070 4,000 3,795 3,500 3,000 2,500 2,000 FY17 FY18 FY19 FY20 Area Booked (mn sq.ft) Units Sold 0.9 0.84 932 0.77 1,000 874 0.8 0.7 0.63 800 706 0.6 0.47 527 0.5 600 0.4 400 0.3 0.2 200
Slide 21: Prudent Financial Management Leading To Superior Shareholder Value
Prudent Financial Management Leading To Superior Shareholder Value Strong Risk Superior cash flow Strategic Land Acquisition Management and management Internal Audits • Land acquired at historical prices • 15% -20% launch sales target • Strong and independent board • Honest and credible dealing with
Slide 22: Project Status: Mumbai - MMR
Project Status : MUMBAI - MMR Estimated Total Area Project ATS* Amount Bal ATS Area Sold % Area Total Units % Units Average Value of Project Location with Common Units Sold Completion Value (in Received Receivable (SqFt) Sold Units Unsold Sold Rate Unsold Area Area % Mn) (in Mn) (in MN) (in Mn) COMP
Slide 23: Project Status: Jodhpur
Project Status: JODHPUR Total Area Project Estimated ATS* Amount Bal ATS Area Sold % Area Total Units % Units Average Project Location with Common Units Sold Completion Value of Value (in Received Receivable (SqFt) Sold Units Unsold Sold Rate Area % Unsold Area Mn) (in Mn) (in MN) COMPLETED PROJECTS
Slide 24: Potential Recognizable Revenue
Potential Recognizable Revenue Expected Revenue: Geographical Split Sales recognised completed Thane 19% 2% Kharghar Sales yet to 21% commence 57% Panvel 47% Jodhpur 19% MMR 11% Revenue Recognition Method Revenue has been recognized as per IND AS 115 Revenue from Contracts with Customers' on fulfill
Slide 25: Q1 FY21 Financial Highlights
Arihant Superstructures Limited: Q1 FY21 Financial Highlights Consolidated Financial Highlights for Q1FY21 Vs. Q1FY20 Consolidated Financial Highlights for Q1FY21 Vs. Q4FY20 1. Revenue decreased from INR 579.90 Mn to INR 101.47 1. Revenue decreased from INR 622.98 Mn to INR 101.47 Mn. Mn. 2. EBITDA
Slide 26: Consolidated Income Statement – INR Mn
Consolidated Income Statement – INR Mn Particulars FY 17 FY18 FY19 FY20 Total Revenue 1,862 1,893 2,422 2,376 Cos t of m aterials cons um ed 2,074 1,285 1,955 1,192 Changes in inventories -1130 -161 -511 336 Em ployee benefits expens e 85 127 138 121 Other Expens es 190 256 271 252 Total Expenses 12
Slide 27: Consolidated Balance Sheet – INR Mn
Consolidated Balance Sheet – INR Mn Eq u i t y a n d L i a b i l i t i e s F Y17 F Y18 F Y19 F Y2 0 Shar e Capi t al 412 412 412 412 Reser v es and Sur pl us 724 764 807 856 Net wor t h 1136 1176 1218 1268 Mi nor i t y Shar e 79 98 139 200 Long Ter m Bor r owi ngs 2013 1719 2377 3168 Shor t Ter m Bo
Slide 28: Financial Performance
Financial Performance Total Revenues (Rs Mn) EBITDA (Rs Mn) Net Debt/Equity (x)* 3,000 700 643 2,422 3.50 2,500 2,376 569 3.10 3.05 600 1,862 1,893 476 3.00 2,000 500 385 1,500 400 2.50 2.17 2.25 1,000 300 2.00 500 200 1.50 100 - FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 - FY17 FY18 FY19 FY 20 *The de
Slide 29: Net Worth & PAT for the Quarter ended 30th June, 2020
Net Worth & PAT for the Quarter ended 30th June, 2020 Company (INR mn) Net Worth (INR mn) PAT (INR mn) Arihant Superstructures Ltd 1,100.28 (24.93) Arihant Vatika Realty Private Limited 328.32 (4.35) Arihant Aashiyana Private Limited 151.23 (16.86) Arihant Abode Limited (23.73) (21.38) Arihant Gruhn
Slide 30: Consolidated Income Statement
Consolidated Income Statement Amount in INR Mn except as stated Particulars Q1 FY21 Q1 FY20 Q4 FY20 Total Revenue 101.47 579.90 622.99 Total Operating Expens es 88.02 470.47 468.08 EBITDA 13.45 109.43 154.91 EBITDA Margin (%) 13.25 18.87 24.87 Interes t 79.02 79.15 68.04 Depreciation 5.25 4.74 5.80
Slide 31: The Road Ahead – FY21
The Road Ahead – FY21 REVENUE MARGIN FUTURE PLANS DRIVERS DRIVERS Fast tracking of Navi Mumbai Infrastructure projects to boost Efficiency in low cost land purchase To infuse funds for land purchase to demand from home buyers take current developable area from 14 mn sq. ft. to 25 mn sq. ft. To add m
Slide 32: Awards and Accolades
Awards and Accolades 2019 2018 Zee Business Award – Developer of the Year, Iconic Award by IGBC PreCertified Platinum Affordable Housing Project of 2019 – Affordable Radio City for Rating for Aspire project, July the Year – Arihant Arshiya Housing Arihant Aspire, Sept 2018 2018 2017 2018 Arihant Adi
Slide 33: Past Awards and Accolades
Past Awards and Accolades 2015 2016 Best Business Winner of Mumbai Best Corporate Most Esteemed Ongoing NDTV awards Arihant as the Practice Award in 2015 Hot 50 Brands by Brands 2016- Real Project of the Year – best developer in affordable for 2014 One India and Paul Estate by the Navbharat Realty B
Slide 34: Mumbai Hot Brands (2 Times) - 2015 and 2014
Mumbai Hot 50 Brands (2 Times) - 2015 and 2014 33
Slide 35: Navi Mumbai 2nd in List Of Best Cities To Live In India during COVID-19
Navi Mumbai 2nd in List Of Best Cities To Live In India during COVID-19 • The 'Ease of Living' index is an initiative of the Ministry of Housing and Urban Affairs to assess the most livable cities all over India and rank them on a 100 point scale. The report evaluated 111 cities on a 100-point scale
Slide 36: Residential Projects - Ongoing
Residential Projects - Ongoing Sr. Project Location Est. Sale Area Ind AS Business Status No. (sq. ft.) Classification Model 1 Arihant Arshiya Khopoli 16,00,000 Own 100% owned Ongoing 2 Arihant Aarohi Kalyan Shil Rd. 2,65,353 Own 100% owned Ongoing 3 Arihant Anshula Taloja (Nr. Kharghar) 5,13,110 Ow
Slide 37: Residential Projects – Ongoing & Forthcoming
Residential Projects – Ongoing & Forthcoming Sr. Project Location Est. Sale Ind AS Business Model Status No. Area (sq. ft.) Classification 11 Arihant Aspire Panvel 31,52,869 Own 100% owned Ongoing 12 Arihant Anamika Vashi 3,60,000 Own 100% owned Forthcoming 13 Yet to be named Taloja 1,60,000 Own 100
Slide 38: Thank you !!
Thank you !! For further Information please contact Deepak Lohia CFO Tel: +91 22 6249 3333 Email: cfo@asl.net.in Corporate Office: Arihant Aura, Floor No. 25, B wing, Plot no 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai – 400705, Maharashtra 37
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