Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — FY2024 Earnings Presentation
38 slides from Ashiana Housing's earnings presentation, May 29, 2024
Slide 1: Exchange filing cover letter
Date: 29th May 2024 To To The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Plot no. C/1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code No.: 523716 NSE Symbol: ASHIANA Sub: Sub
Slide 2: Investor Update Mar 2024
Investor Update Mar 2024 BHIWADI | GURUGRAM | PUNE | CHENNAI | JAIPUR | JAMSHEDPUR | JODHPUR | NEEMRANA MUMBAI | NEW DELHI | BENGALURU | AUSTRALIA | SINGAPORE BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.NS | WWW.ASHIANAHOUSING.COM © 2020, ASHIANA HOUSING LIMITED. ALL RIGHTS RESERV
Slide 3: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "p
Slide 4: Glossary
Glossary Saleable Area Total saleable area of the entire project corresponding to 100% economic interest of all parties Projects in respect of which (i) all title, development rights or other interest in the land is held either directly by our Company and/or our Subsidiaries and/or other entities in
Slide 5: Contents
Contents 01 Highlights and Overview 02 Ongoing Projects 03 Financials 04 Future Outlook 05 Annexures © Ashiana Housing Limited, All Rights Reserved. 4
Slide 6: Highlights and Overview
Highlights and Overview 01 Highlights 02 Operational Overview 03 Financial Overview 04 Quarterly Performance 05 Cash Flow Position © Ashiana Housing Limited, All Rights Reserved. 5
Slide 7: Annual Highlights
Annual Highlights Successful completion of first-ever buyback of shares (18,27,242 shares @ Rs. 301, ~Rs 55 Crores) Sales Value for FY24 was INR 1798.22 Crores vs INR 1313.43 Crores for FY23, YoY increase of 37%. Sales Price improved to INR 6,811 psf (FY24) vs 5,080 psf (FY23), an increase of
Slide 8: Quarterly Highlights
Quarterly Highlights Two new projects launched in Jaipur: Ashiana Nitara and One44 A new Senior Living project launched in Chennai named as Ashiana Vatsalya Third phase of Ashiana Amarah (Gurugram) with saleable area of 3.77 lakh square feet launched and the entire 224 units sold on launch, ha
Slide 9: Quarterly Operational Overview
Quarterly Operational Overview 12.00 10.60 10.00 8.59 Area booked was 10.60 lakh sq ft in Q4FY24 vs 3.35 8.00 lakh sq ft in Q3FY24. 6.97 EAC was 6.97 Lakh sq ft in Q4FY24 vs 4.77 Lakh sq ft 6.00 5.08 in Q3FY24 4.77 4.00 3.35 2.00 0.00 Equivalent Area Constructed* Area Booked Q4FY23 Q3FY24 Q4FY24
Slide 10: Quarterly Financial Overview
Quarterly Financial Overview Sales and Other income was recorded at Rs 296.96 Crores in Q4FY24 vis a vis Rs 189.25 Crores in Q3FY24 PAT has decreased to Rs 17.38 Crores in Q4FY24 from Rs 27.80 Crores in Q3FY24 Pre – Tax Operating Cashflow recorded at Rs 92.20 Crores in Q4FY24 vs Rs 53.83 Crore
Slide 11: Quarter wise Performance
Quarter wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Area Delivered & Period Entity Equivalent Area Value of Area Booked Area Booked Recognized for Constructed* Revenue AHL 1775.27 25.91 20.23 23.86 FY24 Partnership 22.95 0.49 0.45 0.91 Total 1798.22 26.40 20.68 24.78 AHL 86
Slide 12: Quarterly Sales Trend
Quarterly Sales Trend (Area in Sq. Ft. ) Location Projects Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 AHL Neemrana Aangan Neemrana 1,450 - -460 - Gurugram Anmol 1,04,384 1,81,226 1,28,714 69,121 59,177 37,964 6,679 7,313 Gurugram Amarah - - 3,95,360 - 3,76,880 - - 3,76,880 Bhiwadi Taran
Slide 13: Project wise Cash Flow Position in Ongoing Projects
Project wise Cash Flow Position in Ongoing Projects Sale Value of Amount Equivalent Area Saleable Area Area Booked Location Projects Phase Area Booked Received Constructed (Lakhs sq ft) (Lakhs sq ft) (INR Crores) (INR Crores) (Lakhs sq ft) Bhiwadi Tarang Phase 4A 0.65 0.62 26.46 16.46 0.43 Bhiwadi T
Slide 14: Ongoing Projects
Ongoing Projects 01 Geographical Presence 02 Ongoing Projects Summary 03 Break up of Area Booked Operational data - Yearly 04 - Quarterly © Ashiana Housing Limited, All Rights Reserved. 13
Slide 15: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects Bhiwadi Pune 10% 13% Jodhpur 3% Chennai 13% Jamshedpur 7% Jaipur 24% Gurgaon 30% © Ashiana Housing Limited, All Rights Reserved. 14
Slide 16: Ongoing Projects Summary – Expected Completion Timeline
Ongoing Projects Summary – Expected Completion Timeline Saleable Area Possession Expected Ownership Location Projects Phase Type Economic Interest Area Booked Timeline as per Customer (Lakhs sq ft) (Lakhs sq ft) RERA Handover Date AHL Bhiwadi Tarang Phase 4A Premium Homes 100% Ownership 0.65 0.62 Q3
Slide 17: Deliveries in FY24
Deliveries in FY24 Saleable Sale Value of Unsold Expected Year Location Projects Phase Area Area Booked Area Customer (Lakhs sq ft) (INR Crores) (Lakhs sq ft) Handover Date Bhiwadi Tarang Phase 3 1.14 37.40 0.00 Q2FY24 Bhiwadi Nirmay Phase 4 2.08 71.93 0.20 Q3FY24 Jaipur Amantran Phase 1 3.58 135.79
Slide 18: Year wise Deliveries of Ongoing Projects
Year wise Deliveries of Ongoing Projects Saleable Sale Value of Unsold Expected Year Location Projects Phase Area Area Booked Area Customer (Lakhs sq ft) (INR Crores) (Lakhs sq ft) Handover Date ARR @ Rs.3,522 psf Bhiwadi Tarang Phase 4A 0.65 26.46 0.03 Q2FY25 Bhiwadi Advik Phase 1 3.55 144.00 0.71
Slide 19: Break Up of Area Booked (QoQ)
Break Up of Area Booked (QoQ) Jodhpur 3% Pune Bhiwadi 12% 7% Chennai Jamshedpur 5% 4% Bhiwadi Pune 24% 30% Jodhpur Chennai Gurgaon 4% 8% 36% Jaipur 33% Jamshedpur Gurgaon 2% Jaipur 2% 30% Q4FY24 Q3FY24 Jodhpur Pune 1% 3% Pune Bhiwadi Bhiwadi 13% Jodhpur 16% Jaipur 7% Gurugram, 2% 12% 7% Chennai Chen
Slide 20: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Equivalent Area Lakhs Sq. ft. 23.44 17.39 8.16 7.68 9.85 11.66 16.20 16.73 20.68 Constructed* Area Booked Lakhs Sq. ft. 8.63 6.96 6.93 10.79 19.82 14.97 14.76 25.86 26.40 Value of Area Booked INR Lakhs 28,
Slide 21: Quarterly Operational Data
Quarterly Operational Data Particulars Unit Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Equivalent Area Lakhs Sq. ft. 3.73 5.07 3.85 4.38 3.42 5.08 4.35 4.59 4.77 6.97 Constructed* Area Booked Lakhs Sq. ft. 4.21 4.53 3.34 4.90 9.03 8.59 6.53 5.92 3.35 10.60 Value of Area Bo
Slide 22: Financials
Financials 01 Financial Summary YoY 02 Financial Summary QoQ © Ashiana Housing Limited, All Rights Reserved. 21
Slide 23: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Particulars Unit FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 Sales and Other Income INR Crores 334.92 350.63 317.55 259.31 233.59 425.19 966.52 Operating Expenditure INR Crores 266.92 303.37 316.84 241.11 230.71 379.41 847.22 EBITDA INR Crores 68.00 47.26 0.72 18.2
Slide 24: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Sales and Other Income INR Crores 78.28 81.22 91.72 135.31 116.94 129.29 351.02 189.25 296.96 Operating Expenditure INR Crores 68.19 65.24 91.63 119.67 102.88 113.33 312.76 151.75 269
Slide 25: Future Outlook
Future Outlook 01 Future Projects Summary Land available for Future 02 Development Completed Projects having 03 Inventory © Ashiana Housing Limited, All Rights Reserved. 24
Slide 26: Future Projects Summary
Future Projects Summary Saleable Area Location Project Phase Economic Interest (Lakhs Sq. ft.) Bhiwadi Tarang 5b & 6, 7 and 8 100% Ownership 4.95 Bhiwadi Advik 2,3,4 & 5 100% Ownership 10.57 Jaipur Ekansh 3&4 77.25% Revenue Share 4.88 Jaipur Nitara 2 and 3 80.20% Revenue Share 5.23 Jaipur One44 2 77
Slide 27: Land available for Future Development
Land available for Future Development Estimated Area Estimated Saleable Area Location Land/ Project Name Proposed Development (Acres) (Lakhs Sq. ft) Bhiwadi Milakpur 40.63 31.00 Premium Homes*/ Senior Living Gurugram Sec 80, HSIIDC Land 10.80 10.30 Premium Homes/ Kid Centric Homes Jaipur New Land Ja
Slide 28: Completed Projects having Inventory
Completed Projects having Inventory Saleable Area Booked Area Unbooked Area Location Projects Phase Share in Project Type (Lakhs sq ft) (Lakhs sq ft) (Lakhs sq ft) Bhiwadi Ashiana Town 1, 2, & 3 100% Ownership Kid Centric Homes 15.33 13.96 1.37 Bhiwadi Surbhi 1-5 & Plaza 100% Ownership Premium Homes
Slide 29: Shareholding Pattern as on 31st Mar 2024
Shareholding Pattern as on 31st Mar 2024 Shareholding Pattern Institutional Holding above 1% Others 23.53% Rank Fund / Institution No. of Shares % Holding 1 India Capital Fund Limited 75,41,504 7.50% 2 SBI Contra Fund 67,72,644 6.74% FII & FPI Investor Education And 8.28% Promoter & 3 Protection Fun
Slide 30: For Any Queries, Contact
investorrelations@ashianahousing.com For Any Queries, Contact +91 11 4265 4265 Regd. Office: 11G Everest, 46/C, Chowringhee Road, Kolkata - 700 071. West Bengal, India. Ph: 033-4037860 Head Office: 304, Southern Park, Saket District Centre, Saket, New Delhi – 110017 Ph : 011-4265 4265 © 2020 Ashiana
Slide 31: Annexure
Annexure 01 About Ashiana 02 Business Model 03 Accolades 04 Abbreviations © Ashiana Housing Limited, All Rights Reserved. 30
Slide 32: About Ashiana
About Ashiana Incorporation / 1979 in Patna, New Delhi Headquarters Industry Real Estate with focus on residential apartments Business Premium Homes, Senior Living & Kid Centric Homes Segments Areas of Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, Operation Gurugram, Pune and Chennai 302.91 lakhs
Slide 33: Business Model
Business Model In house end-to-end construction capabilities – Ensure higher control over cost and quality High quality in-house and flexibility in execution construction Focus on use of high quality and efficient construction methodologies & techniques to help reduce time and cost Instead of broker
Slide 34: Accolades
Accolades Awards & Recognitions 2010 2011 2012 2013 2014 2015 • Rated by FORBES’ among • Ashiana Aangan, • Received Bhamashah award • Awarded as Realty Giants • CNBC Awaaz • Ashiana Aangan Bhiwadi Asia's 200 Best Under a Bhiwadi awarded as for Contribution made in the North India by Realty Kings fel
Slide 35: Accolades
Accolades Awards & Recognitions 2021 2022 2023 2024 • Ranked as India’s No. 1 • Ranked as India’s No. 1 • Received Bhamashah Award from the Govt. of • Bestowed with our 9th Bhamashah award for Shiksha Senior Living Brand 4 Senior Living Brand 5th time Rajasthan after 2 years gap due to covid; added
Slide 36: Abbreviations
Abbreviations Sq. ft.: Square Feet EAC: Equivalent Area Constructed PAT : Profit after Tax EBITDA: Earning before Interest, Tax, Depreciation and Amortization TCI: Total Comprehensive Income © Ashiana Housing Limited, All Rights Reserved. 35
Slide 37: Glossary
Glossary Saleable Area Total saleable area of the entire project corresponding to 100% economic interest of all parties Projects in respect of which (i) all title, development rights or other interest in the land is held either directly by our Company and/or our Subsidiaries and/or other entities in
Slide 38: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "p