Sunteck Realty Limited · NSE:SUNTECK

Sunteck Realty — Investor Presentation (March 2021)

31 slides from Sunteck Realty's investor presentation, Mar 3, 2021

  1. Slide 1: Exchange filing cover letter

    Sunteck Realty Ltd. Sunteck SRL/SE/72/20-21 Date: 3rd March, 2021 The Manager, Listing Department The Secretary, Listing Department, National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, BSE Limited Plot no. C/1, G Block, Phiroze Jeejeebhoy Tower, Bandra-Kurla Complex

  2. Slide 2: Sunteck Realty Ltd. Intrinsic Value March 2021

    Sunteck Realty Ltd. INTRINSIC VALUE MARCH 2021 NSE: SUNTECK | BSE: 512179 | Bloomberg: SRIN: IN | Reuters: SUNT.NS / SUNT.BO

  3. Slide 3: Disclaimer

    Disclaimer By attending the meeting where this presentation is made and any additional material is provided (“Presentation”) or by reading the Presentation, you (“Recipient”), agree to be bound by the following limitations. This Presentation has been prepared on the basis of the estimates of the man

  4. Slide 4: Sunteck's Approach and Intrinsic Value

    Sunteck’s Approach and Intrinsic Value • Sunteck’s projects appear to be all over the map. Our bets are opportunistic and at the heart of the strategy is maximizing shareholder value. • Sunteck’s intrinsic value is not a precise number. Different people analyzing Sunteck would come up with various v

  5. Slide 5: Sunteck's Approach and Intrinsic Value

    Sunteck’s Approach and Intrinsic Value • We are presenting here the salient data from the past to help you figure out the 1st component of intrinsic value. This same data can tell you something about Sunteck’s DNA to help you figure out the 2nd component of intrinsic value. • The diligent reader wil

  6. Slide 6: Completed Projects

    Completed Projects © 2020 Sunteck Realty Limited, All Rights Reserved.

  7. Slide 7: Case Study #1.1: Signature Island

    Case Study #1.1: Signature Island  Approx. 2 acres of residential land acquired in 2006 from MMRDA in BKC for ~Rs. 140crores • Rs. 7 crores equity from Sunteck • Rs. 70 crores debt; Rs. 63 crores equity from Private Equity Investor • Private Equity Investor exited >20% IRR on investment  Completed

  8. Slide 8: Case Study #1.2: Signia Isles & Signia Pearl (BKC)

    Case Study #1.2: Signia Isles & Signia Pearl (BKC)  2 acres of land acquired in 2009 from MMRDA in BKC for ~ Rs. 520 crores • Success of Sunteck’s Signature Island increased the BKC price by ~3x in 3 years • Sunteck invested ~Rs. 150 crores • Partners invested ~Rs. 250 crores for an equity stake of

  9. Slide 9: Case Study #1.2: Signia Isles & Signia Pearl (BKC)

    Case Study #1.2: Signia Isles & Signia Pearl (BKC)  Success Factors: • Retained residential presence in sought after CBD of BKC • Complementary product to Signature Island • Well researched • Network effect of previous buyers • Execution and delivery timelines Signia Isles Signia Pearl © 2020 Sunte

  10. Slide 10: Case Study #1.1 & 1.2: BKC residential projects

    Case Study #1.1 & 1.2: BKC residential projects Signia Isles Signature Island Signia Pearl  ~80% sold across the 3 BKC residential projects Particulars Till Date Additional (Estimated) Total Revenue / Bookings ~Rs. 3,500 cr ~Rs. 1,800 cr ~Rs. 5,300 cr Project Operating Margin ~Rs. 1,950 cr ~Rs. 1,3

  11. Slide 11: Case Study #2: Signia High, Borivali

    Case Study #2: Signia High, Borivali  High-end luxury residential development in Borivali, a western suburb of Mumbai • Bought ~2 acres land in 2007 for ~Rs. 53 crores • Developed premium high-end residences, targeting large families in the micro-market • No comparable product in the vicinity at th

  12. Slide 12: Case Study #3A: Sunteck Centre #3B: Sunteck Grandeur

    Case Study #3A: Sunteck Centre #3B: Sunteck Grandeur 4A: Sunteck Centre 4B: Sunteck Grandeur • Joint Development Agreement (JDA) in 2006 • Land acquisition in 2007 (Sunteck stake: 50%) • Investment in land: ~Rs. 13 crores • Land brought in by the landowners; construction • Project Operating Margin:

  13. Slide 13: Case Study #4: Sunteck Kanaka Goa Corporate Park

    Case Study #4: Sunteck Kanaka Goa Corporate Park  JV in 2007 to build commercial office park inGoa • Sunteck invested Rs. 5 crores for 50% equitystake • 1.1 lakh sq ft (total area) • Sunteck was responsible for development andconstruction • Landowner was responsible for sales andmarketing  Complet

  14. Slide 14: Case Study #5: Signia Skys

    Case Study #5: Signia Skys  Premium residential property situated in the city-center area of Chhaoni in Nagpur. 36 luxurious 4BHK flats with all the amenities  Land bought under JV model for Signia Skys in 2008  36 apartments; ~65% sold  Completed in FY2015  Sunteck’s share: • Investment in lan

  15. Slide 15: Ongoing Projects

    Ongoing Projects © 2020 Sunteck Realty Limited, All Rights Reserved.

  16. Slide 16: Case Study #6: Sunteck City ODC

    Case Study #6: Sunteck City ODC  Integrated development in Oshiwara District Centre (Mumbai) – evolved and refined CBD vision of BKC • Sunteck identified the next growth destination within Goregaon (W) - planned and being developed as a CBD by MMRDA, the same planning authority which delivered BKC

  17. Slide 17: Case Study #6: Sunteck City ODC

    Case Study #6: Sunteck City ODC  ~65% of the launched inventory sold  Avenue 1 completed in FY2021; Avenue 2 completion expected in FY2022; 4th Avenue completion expected by FY2024 and future phases Particulars Till Date Additional (Estimated) Total Revenue / Bookings ~Rs. 1,700 cr ~Rs. 2,900 cr ~

  18. Slide 18: Case Study #7: Sunteck World, Naigaon

    Case Study #7: Sunteck World, Naigaon  Aspirational Luxury residential development in Naigaon(MMR) • Sunteck capitalised on its strong brand by acquiring a project in the aspirational segment, under the asset light JDA model • Potential development of ~150 acres at Naigaon - an emerging western sub

  19. Slide 19: Case Study #7: Sunteck World, Naigaon

    Case Study #7: Sunteck World, Naigaon  Sunteck WestWorld (Phase 1)  Record sales of 1,500+ apartments;  Launched in FY2018; delivery targeted by earlyFY2022  Sunteck MaxxWorld (Phase 2)  Record sales of 1,800+ apartments;  Launched in FY2020; completion targeted by FY2023  Expected project co

  20. Slide 20: Case Study #8A: Sunteck Icon, #8B: BKC 51, #8C: Crest

    Case Study #8A: Sunteck Icon, #8B: Sunteck BKC 51 #8C: Sunteck Crest 8A: Sunteck Icon 8B: Sunteck BKC 51 8C: Sunteck Crest • JDA done in 2010 • JDA was done in 2015 • Commercial project at Andheri • ~2 lakh sq ft investment grade • ~2 lakh sq ft investment grade • ~1 lakh sq ft investment commercial

  21. Slide 21: Case Study #9: Signia Oceans & Signia Waterfront

    Case Study #9: Signia Oceans & Signia Waterfront  Premium landmark projects nestled in the financial hub of Navi Mumbai - Airoli offering uninterrupted waterfront views  Land bought under JV model for Signia Oceans in 2009 and for Signia Waterfront (Airoli) in 2010 from CIDCO for ~Rs. 116crores Su

  22. Slide 22: Case Study #10: Gilbird Hill

    Case Study #10: Gilbird Hill  Sunteck entered into a redevelopment agreement with the society located in Andheri (W) in 2013. Standalone premium residential tower comprising of mostly 2 & 3 BHKapartments. • Sunteck development potential: ~0.5 lakh sqft • 47 apartments; ~90% sold • Expected completi

  23. Slide 23: Near Future Projects

    Near Future Projects © 2020 Sunteck Realty Limited, All Rights Reserved.

  24. Slide 24: Case Study #11: New Acquisition in Vasai (West)

    Case Study #11: New Acquisition in Vasai (West)  In FY2021, Sunteck Realty acquired a new residential project under its asset light strategy with minimal upfront capital commitment in a strategic location with of Vasai with untapped demand • ~45 lakh sq ft of saleable area of residentialdevelopment

  25. Slide 25: Case Study #12: New Acquisition in Vasind

    Case Study #12: New Acquisition in Vasind  In FY2021, Sunteck Realty added another project on JDA model with minimal upfront capital commitment in emerging location of Vasind • ~26 lakh sq ft of saleable area affordable residentialdevelopment • Sunteck’s revenue share: ~80% • Sunteck’s expected Sal

  26. Slide 26: Future Projects

    Future Projects © 2020 Sunteck Realty Limited, All Rights Reserved.

  27. Slide 27: Case Study #13: Future Projects

    Case Study #13: Future Projects Sunteck Crest Sion, Central Mumbai  5 Acres of land acquired in 2007 under JV cum JDA model for ~Rs. 40 crores in Sion Central Mumbai • JV partner includes Ajay Piramal Group • Sunteck’s share of JV: 50% • Sunteck’s total expected Sales from this project: ~Rs. 480 cr

  28. Slide 28: Case Study #14: Future Projects

    Case Study #14: Future Projects Sunteck Dubai  In 2015-16, Sunteck Realty entered into JV with Dubai-based conglomerate company to develop branded residences inDubai • 2.28 acres land; Sunteck invested ~Rs. 140 crores for 50% stake in JV and no subsequent investment required by Sunteck • Project lo

  29. Slide 29: Case Study #15: Future Projects

    Case Study #15: Future Projects Signia City: Jaipur  81 Acres of land acquired in 2009 under JV cum JDA model in a prominent location near Bani Park and Railway station of Jaipur with an investment of ~Rs. 11 crores by Sunteck • JV partner includes Ajay Piramal Group; Sunteck’s share ofJV: 50% • Su

  30. Slide 30: Summary: Project Wise Project Operating Margin Breakup

    Summary: Project Wise Project Operating Margin Breakup Project Operating Margin S.No. Project Name ~Till Date ~Expected (Estimated) ~Total Rs. Cr Rs. Cr Rs. Cr Completed 1 Signature Island, Signia Isles & Signia Pearl BKC 1,950 1,300 3,250 2 Signia High, Borivali 100 10 110 3 Signia Oceans & Signia

  31. Slide 31: Contact Us / Thank You

    Contact US Corporate Office 5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai – 400057 Tel: +91-22-42877800 Email: ir@sunteckindia.com Investor Relations Email: ir@sunteckindia.com Thank You

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