Ashiana Housing Limited · NSE:ASHIANA

Ashiana Housing — Q4 FY2020 Earnings Presentation

38 slides from Ashiana Housing's earnings presentation, Jun 17, 2020

  1. Slide 1: Filing letter to NSE for investor update

    @ashisna you are in safe hands Date: 16% June 2020 The Secretary, National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra € Mumbai - 400 051 Symbol: ASHIANA Sub: Investor Update/Presentation for the quarter and year ended on 31* March 2020 Dear Sir, P

  2. Slide 2: For the quarter ended 31st March, 2020

    ashione you are in safe hands For the quarter ended 31°t March, 2020 / A Pes ml) L' cis’ BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.NS | WWW.ASHIANAHOUSING.COM © 2018, ASHIANA HOUSING LIMITED. ALL RIGHTS RESERVED.

  3. Slide 3: Forward-looking statements disclaimer

    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", "plan", “conte

  4. Slide 4: Definitions of project terms

    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 which ou

  5. Slide 5: Highlights and Overview, Future Outlook, Ongoing Projects

    Highlights and Overview ry Ongoing Projects An] 04 Future Outlook eee) © Ashiana Housing Limited, All Rights Reserved.

  6. Slide 6: Highlights, Operational Overview, Financial Overview

    Highlights ra Operational Overview Financial Overview Quarterly Performance Cash Flow Position © Ashiana Housing Limited, All Rights Reserved.

  7. Slide 7: FY20 highlights

    =" Booking higher at 19.82 Lakhs Sq. ft.(FY20) vs. 10.79 Lakhs Sq. ft (FY19). The bookings were higher due to successful launch of green field projects, Ashiana Daksh Ph-1 & 2, Ashiana Amantran Ph-1 & 2 in Jaipur, Ashiana Sehar Ph-1 and Ashiana Aditya Ph-1 in Jamshedpur = Area constructed higher at

  8. Slide 8: Q4 FY20 highlights

    =" Booking lower at 4.14 Lakhs Sq. ft.(Q4FY20) vs. 9.78 Lakhs Sq. ft (Q3FY20). Last quarter witnessed the launch of Ashiana Daksh Ph-1 & 2, Vrinda Gardens Ph-4 in Jaipur; Ashiana Aditya Ph-1 in Jamshedpur and Ashiana Nirmay Ph-3 in Bhiwadi whereas Ashiana Amantran Ph-1 & 2 in Jaipur were the only la

  9. Slide 9: Reported loss and unaccrued selling expenses impairment

    1. Reported Loss during the year 2019-20 = The Company has reported a loss (Total Comprehensive Income) of Rs. 28.95 Crs. The key reasons for loss are enumerated hereunder: » Lower deliveries (8.76 Isft vs 11.78 Isft in PY) due to lower sales in the year when these projects were commenced. Out of th

  10. Slide 10: Lower tax regime and Ashiana Navrang discontinuation

    3. Opting for lower tax regime and resulting MAT derecognition = The company has decided to opt for the lower tax regime of 22% plus surcharge and cess available for corporate entities from current financial year onwards and also get exemption from payment of Minimum Alternate Tax (MAT) under the re

  11. Slide 11: Robust bookings in FY20

    5. Robust Bookings in FY20 leading to strong cash flow visibility = We clocked booking of 19.82 lakhs sq.ft having sale value of Rs. 671.63 Crs during the year 2019-20. The healthy booking numbers were primarily attributed to the green field launches done in 2" half of the year, including Ashiana Da

  12. Slide 12: Low debt levels and comfortable liquidity

    6. Low debt levels and comfortable liquidity position = One of the strong features of our financial management is the low leverage we have always maintained on our Balance Sheet. Our borrowing strategy has always been counter cyclical, i.e. borrowing during down cycles and repaying the debt during u

  13. Slide 13: Area booked and constructed

    12.00 Area booked lower as compared to previous 10.00 quarter & corresponding quarter of last quarter Area Constructed higher by 37% compared to 8.00 previous quarter and higher by 33% compared to corresponding quarter of FY19. Construction in line 6.00 with our commitments 4.00 2.46 2.39 2.00 0.00

  14. Slide 14: Pre-tax operating cash flows

    110 90 = Pre-Operating Cash Flows positive at INR 5 Crores for Q4FY20 vs positive at INR 21 70 67 Crores for Q3FY20 50 30 21 10 1 5 -8 -/ -8 oO | -10 Pre-Tax Operating Cash __ Profit/(Loss) After Tax Sales and Other Income Flow MQ4FY19 MQ3FY20 MQ4FY20 Wd ANS ibid) Ys . Ut WY | : © Ashiana Housing Li

  15. Slide 15: Area booked and constructed by period

    INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. ceil Value of Area Booked Area Booked aman ae soa haa naibaacllaas AHL 592.74 17.32 6.65 6.98 FY20 Partnership 78.89 2.50 3.20 1.78 Total 671.63 19.82 9.85 8.76 AHL 140.43 3.98 2.19 2.69 FY20 Quarter 4 Partnership 5.53 0.16 1.08 1.36 Total 145.96

  16. Slide 16: Quarterly sales trend

    Quarterly Sales Trend @ashians AHL (Area in Sq. Ft. Aangan Neemrana (1,150) - - 251 Anmol Gurgaon 12,845 22,950 5,015 2,088 Tarang Bhiwadi - (2,519) 8,729 2,502 Town Bhiwadi 35,925 16,290 18,530 2,800 Surbhi Bhiwadi 3,635 7,350 (545) 255 THR Bhiwadi 16,535 - 3,307 - Nirmay Bhiwadi 16,146 21,148 61,0

  17. Slide 17: Ongoing projects: area booked and cash position

    Sale Value of Amount Equivalent Area Saleable Area Area Booked Constructed Location Project (Lakhs Sq. ft.) Area Booked Received (Lakhs Sq. ft.) (INR Crores) (INR Crores) (Lakhs Sq. ft.)* Ashiana Housing Limited Bhiwadi Nirmay 3 2.35 0.55 19.80 7.54 0.73 Bhiwadi Tarang 2 0.66 0.17 4.89 3.11 0.41 Che

  18. Slide 18: Cash flow position in ongoing projects

    Cash Flow Position in Ongoing Projects @ashiens Saleable Area On ee Sale Value of adel: Equivalent Area Reon | Reon Area Booked Received fered adele k-e ied 4." qf (INR Crores) (INR Crores) (Lakhs Sq. ft.) Ashiana Housing Limited 24.61 15.25 528.79 128.97 6.20 Partnership 6.56 4.10 122.20 85.99 4.22

  19. Slide 19: Geographical presence and ongoing projects summary

    0 Geographical Presence Ongoing Projects Summary Break up of Area Booked Operational data - Yearly - Quarterly Boi AN ally © Ashiana Housing Limited, All Rights Reserved.

  20. Slide 20: Saleable area of ongoing projects

    Saleable Area of Ongoing Projects @ Bhiwadi Chennai m@ Jodhpur Jamshedpur @ Jaipur m@ Pune iy hd UN nee, © Ashiana Housing Limited, All Rights Reserved.

  21. Slide 21: Ongoing projects details

    Location Project Phase Economic Interest Project Type Shale Aha ech meiaioaen (Lakhs Sq. ft.) (Lakhs Sq. ft.) Completion Time Bhiwadi Nirmay 3 100% Senior Living 2.35 0.55 Q3FY23 Bhiwadi Tarang 2 100% Comfort Homes 0.66 0.17 Q1FY23 Chennai Shubham 2 73.75% of Revenue Share = Senior Living 1.47 1.28

  22. Slide 22: Break up of area booked (QoQ)

    Break Up of Area Booked (QoQ) @ashione 2% <a ee 1% 1% Q4 FY20 Q3 FY20 = Bhiwadi Chennai = Gurgaon # Jaipur @ Bhiwadi = Jamshedpur @ Jaipur m Jamshedpur # Jodhpur Chennai = Gurgaon = Jodhpur 1% 2% i ~ Q1 FY20 — ey «1% Q2 FY20 y 2% = Bhiwadi Chennai = Gujarat = Gurgaon = Bhiwadi Chennai = Gurgaon @ Ja

  23. Slide 23: Yearly operational data

    Yearly Operational Data @ashions Particulars FY 19 FY20 Equivalent Area Constructed* Lakhs Sq. ft. 17.87 22.80 23.44 17.39 8.16 7.68 9.85 Area Booked Lakhs Sq. ft. 22.13 18.12 8.63 6.96 6.93 10.79 19.82 Value of Area Booked INR Lakhs 64,756 54,772 28,421 22,508 21,736 33,262 67,163 Average Realizati

  24. Slide 24: Quarterly operational data

    Quarterly Operational Data @ashians Particular. Q3 il eilheaeheiiahe FY20 FY20 Equivalent Area x Lakhs Sq.ft. 1.63 1.97 1.62 2.46 2.14 2.04 2.39 3.27 Constructed Area Booked Lakhs Sq.ft. 2.80 2.62 2.55 2.83 3.54 2.37 9.78 4.14 Value of Area Booked INR Lakhs 8,711 7,942 7,692 8,917 11,747 8,058 32,76

  25. Slide 25: Financial summary YoY and QoQ

    Financial Summary YoY N ry Financial Summary QoQ iA AINA ae © Ashiana Housing Limited, All Rights Reserved.

  26. Slide 26: Financial summary YoY (consolidated)

    _ Financial Summary YoY (Consolidated) MHD Particulars Oras FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY20 Sales & Other Income INR Crores 122.80 164.44 542.67 397.02 334.92 350.63 317.55 Operating Expenditure INR Crores 90.91 105.42 385.47 291.00 266.92 303.37 316.84 EBITDA INR Crores 31.89 59.02 157.20

  27. Slide 27: Financial summary QoQ

    Particulars Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Sales & Other Income crores 141.55 71.39 70.88 66.81 66.76 75.38 76.82 98.59 Operating Expenditure crores 111.08 63.10 59.96 69.24 69.82 80.74 76.73 89.55 INR EBITDA 30.48 8.29 10.93 (2.43) (3.06) (5.36) 0.09 9.05 Crores . INR Profi

  28. Slide 28: Future projects summary

    ‘ek Future Projects Summary Land available for Future Development Completed Projects having Inventory A Ail ds dN NN i i © Ashiana Housing Limited, All Rights Reserved.

  29. Slide 29: Land available for future development

    Saleable Area Location dco) (Leis Economic Interest heen Bhiwadi Tarang 3&4 100% 8.66 Bhiwadi Gamma 1 100% 18.45 Bhiwadi Nirmay 4&5 100% 2.41 Jaipur Vrinda Gardens 5 50% of Profit Share 3.20 Jaipur Ashiana Daksh 3 100% 1.17 Jaipur Ashiana Amantran 3 75% of Revenue Share 3.52 Gurgaon Anmol 2&3 65% of

  30. Slide 30: Future land parcels and proposed development

    Estimated Land Estimated Saleable Location OORT ee ema Neen | Proposed Development Bhiwadi Milakpur Land 40.63 31.00 Comfort Homes/ Senior Living Jaipur Umang Extension 7.20 6.50 Comfort Homes/ Senior Living Pune Marunji 19.27 15.50 Comfort Homes /Senior Living Kolkata Maitri/Nitya 19.72 14.88 Kid C

  31. Slide 31: Completed projects having inventory

    Completed Projects having Inventory @ sshiena you are in safe hands Area Booked Total Saleable PEMA x ey tal Ry =10 | and Unbooked Booked Area Location Project Share in Project Area bola AVALOS Unrecognised Area (Lakhs Sq. ft.) (Lakhs Sq. ft.) (Lakhs Sq. ft.) boy mn VALS (Lakhs Sq. ft.) (Lakhs Sq. f

  32. Slide 32: Shareholding pattern

    Shareholding Pattern Institutional Holding above 1% No. of ia Fund / Institution Sees Holding ICICI Prudential Equity 1 74,43,152 7.27% & Debt Fund ° 2 SBI Small Cap Fund 27,26,821 2.66% 1% = Promoter & Promoter Group MF & Financial Institution Fil & FPI = Others Mock be ANS 7, Kd uo Ss Ns Cr Os Kae

  33. Slide 33: For any queries, contact

    Qa sshiana you are in safe hands For Any \e& investorrelations@ashianahousing.com e , Cc Queries, t Contac t / (8 +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,

  34. Slide 34: About Ashiana, Business Model, Accolades

    0 About Ashiana Business Model Accolades Abbreviations WA UA aE bee NS Tb S\N |, WAN eed SNL OS by © Ashiana Housing Limited, All Rights Reserved.

  35. Slide 35: About Ashiana

    Incorporation / Headquarters 1979 in Patna, New Delhi Industry Real Estate with focus on residential apartments Business Comfort Homes, Senior Living & Kid Centric Homes Segments Areas of Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, South Operation of Gurgaon (Sohna), Lavasa, Halol, Chennai and K

  36. Slide 36: 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-driven model,

  37. Slide 37: Awards & Recognitions

    Awards & Recognitions 2010 2012 2013 2014 2015 2017 2018 Rated by FORBES Ashiana Aangan, Received Bhamashah Awarded as Realty CNBC Awaaz felicitated NDTV Property Awards Awarded Themed among Asia’s 200 Best Bhiwadi awarded as award for Giants North India by Ashiana Housing 2016 felicitated Project o

  38. Slide 38: Abbreviations

    = Sq. ft.: Square Feet = EAC: Equivalent Area Constructed = PAT: Profit after Tax © Ashiana Housing Limited, All Rights Reserved.

Ashiana Housing — Q4 FY2020 Earnings Presentation on 6ix