Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — Q4 FY2021 Earnings Presentation
55 slides from Ajmera Realty & Infra India's earnings presentation, May 25, 2021
Slide 1: Cover letter to stock exchanges
Ref: SEC/ARIL/BSE-NSE/2021-22 Date: 25th May, 2021 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 : AJMERA
Slide 2: Investor Presentation Q4 FY 2021 & FY 2021
INVESTOR PRESENTATION Q4 FY 2021 & FY 2021
Slide 3: Disclaimer
DISCLAIMER ARIIL Cautionary statement regarding forward- materially from the statements made in this looking statements This presentation may presentation. Company assumes no contain certain forward-looking statements obligation to update or alter forward-looking relating to Ajmera Realty & Infra In
Slide 4: Content
CONTENT ARIIL THE LEGACY THE YEAR THE ROAD PROJECT & HISTORY GONE BY AHEAD PORTFOLIO NUMBER OF UNITS SOLD FY-2021 - Investor Presentation
Slide 5: Ajmera - The Legacy & History
ARIIL AJMERA - THE LEGACY & HISTORY FY-2021 - Investor Presentation
Slide 6: Ajmera i-Land, Wadala: 100 Acres of Integrated Township
ARIIL Ajmera i-Land, Wadala 100 Acres of Integrated Township FY-2021 - Investor Presentation
Slide 7: Ajmera Group at a Glance
ARIIL AJMERA GROUP AT A GLANCE Over 5 Decades of Legacy and Trust 3rd Generation driving the way ahead Quality driven, customer centric, Presence in Mumbai, Pune, Ahmedabad, Bangalore, timely delivery United Kingdom & Bahrain FY-2021 - Investor Presentation
Slide 8: Ajmera Philosophy
ARIIL AJMERA PHILOSOPHY CHANGE IS THE ONLY CONSTANT ion ss Mi Vi sio n Debt Averse Evolve Visionary Sustainability High Rich Destination Legacy Creator BUILT ON TRUST FY-2021 - Investor Presentation
Slide 9: Global Presence
ARIIL GLOBAL PRESENCE United Kingdom | 1 lakh Sq.ft. Bahrain | 15 lakh Sq. .Ft. 585 lakh square feet of development India | 569 lakh Sq.ft. **Includes completed, ongoing & upcoming development Presence in 3 countries India, United Kingdom & Bahrain Established in early 1968’s Mumbai and other In Ahm
Slide 10: Pan India Presence
ARIIL PAN INDIA PRESENCE Highest rentals in the country 569 lakh square feet of Mumbai 203 16 34 182 development **Includes completed, ongoing & upcoming development Gujarat, Ahmedabad Presence in 6 cities & Others Bengaluru, Mumbai, Pune, Ahmedabad, Surat & Rajkot 57 12 - - Pune Presence across Ass
Slide 11: Mumbai Presence
ARIIL MUMBAI PRESENCE Mumbai Presence 434 lakh square feet of development ** Mira Road **Includes completed, ongoing & upcoming development Borivali Advanced stage projects set for delivery in FY22 Mulund Andheri West Kanjurmarg Two new launches in FY21 Vile Parle Kalyan Kalina Ghatkopar Kurla Acqui
Slide 12: Past Projects
PAST PROJECTS ARIIL Ajmera Villows, Bangalore Shastri Nagar, Andheri Ajmera Infinity, Bangalore Ajmera Stone Park, Bhakti Park, Wadala Bangalore FY-2021 - Investor Presentation
Slide 13: Ajmera Group – The Journey
AJMERA GROUP – THE JOURNEY ARIIL Delivered The Group 1,500 units looks to Mumbai’s delivered in Kalyan 4,000 ARIIL enters the towards largest garden Bangalore market - Yogi Nagar Dham. Units Ahmedabad to in Wadala The Group sets up In Mira Road, conquer a new Delivered its London Shanti Nagar market
Slide 14: Leadership – Next Generation at the Helm
LEADERSHIP – NEXT GENERATION AT THE HELM ARIIL Mr. Rajnikant S. Ajmera Mr. Manoj Ishwarlal Ajmera Chairman & Managing Director, Ajmera Group Managing Director, Ajmera Group One of the most prominent names in the real estate industry, Mr. Mr. Manoj Ajmera is one of the key architects of the group evo
Slide 15: Group Partners
ARIIL GROUP PARTNERS Strategic Partner Financial & Legal Partners PR Partner Design & Architecture Other Consultants FY-2021 - Investor Presentation
Slide 16: The Year Gone By – FY2021
ARIIL THE YEAR GONE BY-FY2021 FY-2021 - Investor Presentation
Slide 17: Key Business Highlights – FY 2021
KEY BUSINESS HIGHLIGHTS – FY 2021 ARIIL INR 615 Cr of sales in FY21 380 sold in FY21 Half a million sft sold INR 521 Cr received Sales VALUE increased Increase in number of Increase in area Sales advances rose by over 80% UNITS sold by almost 50% sold by ~30% by over 35% in FY2021 Received full OC f
Slide 18: Sales Performance – FY 2021
SALES PERFORMANCE – FY 2021 ARIIL VALUE OF SALES NUMBER OF UNITS SOLD AREA SOLD SALES ADVANCES YoY Comparison YoY Comparison YoY Comparison YoY Comparison X 1.3X 1.4 1.8X X 1.5 339 615 256 380 4,01,132 5,08,966 382 521 Value of Sales (INR Cr) Number of units sold Area Sold (sq. ft) Collections (INR
Slide 19: Regional Sales Performance – FY 2021
REGIONAL SALES PERFORMANCE – FY 2021 ARIIL Mumbai - Sales (INR Cr) Banglore - Sales (INR Cr) Ahmedabad - Sales (INR Cr) 32 307 47 13 120 8 2 60 1 25 1 Mumbai Bangalore Ahmedabad AEON ZEON TREON SIKOVA GREENFINITY LUGAANO NUCLEUS - RESI ANNEX FLORENZA CASA VYOMA ENIGMA Number of units sold in Mumbai
Slide 20: Financial Performance
FINANCIAL PERFORMANCE ARIIL 351 352 • Matched pre pandemic annual 99 numbers despite two lockdowns REVENUE 80 • Flattish revenue growth with robust cashflows Revenue (INR Cr) Revenue (INR Cr) 18% 26 • Steep rise in QoQ EBITA on OPERATING PROFIT 111 101 account of overwhelming sales / EBITA 22 respon
Slide 21: Projects Launched in FY 2021
ARIIL PROJECTS LAUNCHED IN ARIIL FY 2021 Sikova – Ghatkopar, Mumbai Area Sq. Ft – 128,000 Total Value of Stock Estimated Revenue – INR 240 Cr ~INR 500 Cr Area Launched 381,000 sq. ft Asset Mix Residential & Commercial Area Sold 54,665 sq. ft Greenfinity – Wadala, Mumbai Area Sq. Ft – 1,15,000 Value
Slide 22: Projects Under Completion Stage
PROJECTS UNDER COMPLETION STAGE ARIIL • Newly launched projects Sikova & Greenfinity witnessed sales of Completion Status of Ongoing Projects ~INR 88 Cr upto March 2021; 99% 100% 96% 98% 96% • Flagship projects – Aeon & Treon which completed in FY 21 91% 75% accounted for 70% of the total sales • Ban
Slide 23: International Projects Update – United Kingdom
ARIIL INTERNATIONAL PROJECTS UPDATE - UNITED KINGDOM The Crossways, London Kings Borough, London Area under development ~67,000 sq. ft Estimated Revenue ~INR 270 Cr Execution in full swing, Expected to be completed in FY-22 Calico, Liverpool Southhall Men’s Working Club, Southhall The Mill House, Wi
Slide 24: Wadala – Demerger
ARIIL WADALA - DEMERGER Demerger of 6.5 acres of commercial project in Wadala from Ajmera Realty & Infra India Limited (ARIIL) to Radha Raman Dev Ventures Private Limited (WOS) Unlocking of Historical land value PRE DEMERGER Strategic SPV level potential partnership ARIIL POST DEMERGER Long term ren
Slide 25: Human Capital & Social Responsibilities & ESG – FY2021
ARIIL HUMAN CAPITAL & SOCIAL RESPONSIBILITIES & ESG - FY2021 FY-2021 - Investor Presentation
Slide 26: CSR Committee and Initiatives
ARIIL CSR INITIATIVES Sustainable & Socially Responsible Total of INR 1.29 Cr towards Healthcare and Education Safety and health of employees CSR COMMITTEE Healthcare Healthcare COVID 19 Donation of PPE Kits to Donation to Shri Swami Initiatives Mr. Rajnikant S. Ajmera Orion Healthcare Narayan Hospi
Slide 27: ESG Initiatives
ARIIL ESG INITIATIVES E S G Proposed arrangements for Onsite Vaccination Drive for employees and Labourers Environment Social Strong safety first Responsibility Governance • Use of organic waste • Free health checkup • Structured digital converters to minimise camps and free medical at database onli
Slide 28: HR Initiatives
ARIIL HR INITIATIVES COVID 19 Safety Measures EOM Program - HIGH FIVE Employee Wellbeing Precaution & Safety HIPO’s • Site & Office Saftey • High Potential Employee • Daily Sanitization • Outstanding performance • Sanitisers at all • Outstanding customer service touch points • “Never Give Up” spirit
Slide 29: The Road Ahead – FY2022
ARIIL THE ROAD AHEAD - FY2022 FY-2021 - Investor Presentation
Slide 30: The Five Pillars of Growth for FY 2022
ARIIL THE FIVE PILLARS OF GROWTH FOR FY 2022 05 Sustainable Operating Performance Robust cashflow generation with focus on long term value creation 04 New Launches Plan to launch 2-3 New projects 03 Deleveraging Existing Projects Reduction of Project level debt by efficient execution and robust sale
Slide 31: Projects Set for Launch in FY 2022
ARIIL PROJECTS SET FOR LAUNCH IN FY 2022 Code name Code name Code name Code name Wadala Ghatkopar Market Yard Electronic City Wadala, Ghatkopar, Market Yard Location Mumbai Electronic City II Mumbai Pune Bangalore Area to be launched ~15.1 lakh sq. ft Size ~8.5 lakh sq. ft ~1.5 lakh sq. ft ~3.1 lakh
Slide 32: Revenue Potential – FY22
ARIIL REVENUE POTENTIAL – FY 22 ESTIMATED COMPLETION FY 22 Balance Completion as Sales Book as Revenue Estimated Revenue Total Area Revenue Unsold Area Projects on on Recognised Sale value Potential Sold (sq.ft) Recognition (sq.ft) 31 March 2021 31 March 2021 (INR Cr) (INR Cr) (INR Cr) (INR Cr) Read
Slide 33: Revenue Potential – FY22 Ongoing Projects
ARIIL REVENUE POTENTIAL – FY 22 ONGOING PROJECTS - 3 YEAR DEVELOPMENT CYCLE MUMBAI Sales Book as on INR Balance 31st March 2021 Projects Completion as on Total Area Sales Book as on Revenue Recognised Revenue Unsold Area Estimated Sale value Revenue Potential 226Cr Sold (sq.ft) Recognition (sq.ft) 3
Slide 34: Revenue Guidance – FY 2022
REVENUE GUIDANCE – FY 2022 ARIIL ONGOING PROJECTS - 3 YEAR DEVELOPMENT CYCLE NEARING COMPLETION ONGOING UNDER CONSTRUCTION 140 213 153 585 PRE SALES REVENUE FROM SALES REVENUE FROM NEARING PRESALES REVENIUE FROM SALES REVENUE FROM NEAR COMPLETION PROJECTS COMPLETION PORJECTS PROJECTS UNDER EXECUTION
Slide 35: Ajmera Group's Continuous Endeavours
AJMERA GROUP’S CONTINUOUS ENDEAVOURS ARIIL Launches Deleveraging Customer across the Continued Gain market Growth by spectrum - strides 3x to 5x in existing focused and leadership in Afforable towards the next 4 project timely luxury & mid area of portfolio delivery quality and years segment trust o
Slide 36: Rise to Shine – The Ajmera Way
ARIIL RISE TO SHINE – THE AJMERA WAY RISE R Re-invent the wheel through new business practises Vision 2025 I Above Inspire to adopt & customer adapt to the new world order 2025 INR 1,200 Cr expectations To be the best in the business S Supply creation to meet demands of end users 2021 INR 350 Cr Bey
Slide 37: Investor Relations
INVESTOR RELATIONS ARIIL Corporate Head office Ajmera Realty & Infra India Ltd. Citi Mall, Link Road, Andheri (W), Mumbai – 400 053 Board line: 022 - 6698 4000 investors@ajmera.com FY-2021 - Investor Presentation
Slide 38: Project Portfolio
ARIIL PROJECT PORTFOLIO FY-2021 - Investor Presentation
Slide 39: Mumbai Ongoing Projects
MUMBAI ONGOING PROJECTS ARIIL Project Name : Aeon, i-Land Project Name : Treon, i-Land Location : Wadala Location : Wadala City : Mumbai City : Mumbai Area In Sq. Ft. : 2,92,000 Area In Sq. Ft. : 5,63,000 Units : 159 Units : 262 FY-2021 - Investor Presentation
Slide 40: Mumbai Ongoing Projects
MUMBAI ONGOING PROJECTS ARIIL Project Name : Greenfinity Project Name : Sikova Location : Wadala Location : Ghatkopar City : Mumbai City : Mumbai Area In Sq. Ft. : 1,15,000 Area In Sq. Ft. : 1,28,000 Units : 172 Units : 383 FY-2021 - Investor Presentation
Slide 41: Bangalore Ongoing Projects
BANGALORE ONGOING PROJECTS ARIIL Project Name : Lugaano Project Name : Nucleus Location : Yelahanka Location : Electronic City City : Bangalore Phase II Area In Sq. Ft. : 9,50,000 City : Bangalore Units : 1200 Area In Sq. Ft. : 5,13,000 Units : 352 FY-2021 - Investor Presentation
Slide 42: Completed Projects in Mumbai
COMPLETED PROJECTS IN MUMBAI ARIIL Project Name Location City Area (sq.ft.) Units Bhakti-Park Wadala Mumbai 39,63,028. 3400 Zeon, i-Land Wadala Mumbai 4,82,000 225 Shastri Nagar Andheri- West Mumbai 17,30,000 4026 Vijay Nagar Andheri- East Mumbai 6,00,000 1000 Citi Mall Andheri- West Mumbai 1,00,000
Slide 43: Completed Projects in Mumbai
COMPLETED PROJECTS IN MUMBAI ARIIL Project Name Location City Area (sq.ft.) Units Jay Jatin Ghatkopar Mumbai 30,000 Viman Darshan Kurla Mumbai 25,000 Cizar Palace Andheri- West Mumabi 25,000 Ghanshyam Darshan Vile Parle Mumbai 20,000 Ghanshyam Kripa Vile Parle Mumbai 20,000 Gopal Bhavan Vile Parle M
Slide 44: Completed Projects in Pune
COMPLETED PROJECTS IN PUNE ARIIL Project Name Location City Area (sq.ft.) Units Yogi Park Koregaon Park Pune 50,000 100 Neelkanth Nagar Bhavani Park Pune 2,00,000 240 Parvati Nagar Parvati Nagar Pune 3,50,000 600 Ajmera Housing Complex Pimpri Pune 2000 Aria Koregaon Park Pune 1,50,000 25 FY-2021 - I
Slide 45: Completed Projects in Gujarat
COMPLETED PROJECTS IN GUJARAT ARIIL Project Name Location City Area (sq.ft.) Units Shastri Nagar Rajkot Gujarat 7,00,000 1200 Enigma SG Road Ahmedabad 3,00,000 150 Sahajanand Shopping Center Ahmedabad Gujarat 1,10,000 374 Pramukh Park Surat Gujarat 35,00,000 Approx. 7,000 Casa Vyoma Vastrapur Ahmeda
Slide 46: Completed Projects in Bangalore
COMPLETED PROJECTS IN BANGALORE ARIIL Project Name Location City Area (sq.ft.) Units Stone Park E-City Bangalore 3,00,000 355 Infinity E-City Bangalore 15,06,904 1221 Green Acres Bannerghatta Bangalore 5,38,180 354 Villows E-City Bangalore 1,80,000 54 Arista Banaswadi Bangalore 96,872 36 Annex Electr
Slide 47: Annexures
ARIIL ANNEXURES FY-2021 - Investor Presentation
Slide 48: Indian Real Estate
ARIIL INDIAN REAL ESTATE FY-2021 - Investor Presentation
Slide 49: Investor Preference in Indian Real Estate
ARIIL INVESTOR PREFERENCE IN INDIAN REAL ESTATE Investments – Sector wise allocation (INR Bn) Office Residential Retail Industrial Hospitality & Others Total of INR 824 Bn that was invested n 2016 88 b in real estate over two years. Equal 235.4 Bn 353.7 Bn 132.8 Bn 65.4 Bn 35.3 Bn e s tic 3 n distri
Slide 50: Structural Reforms & Policy Initiatives
ARIIL STRUCTURAL REFORMS & POLICY INITIATIVES Government has been working towards formalizing real estate sector Sector evolving from an unorganized, unregulated play to a largely regulated play FDI Norms RERA REITs • 100% in Single brand retail (IKEA, APPLE) • Green shoots in consumer confidence • 2
Slide 51: Housing in Tier 1 Cities of India
HOUSING IN TIER 1 CITIES OF INDIA ARIIL Housing interest rates at 15 year low leading to increased Indian Real Estate affordability of homes Market Growing at 18% CAGR Liquidity crunch favouring organised and �nancially stable developers USD 1,000 bn Branded developers selling signi�cant inventory w
Slide 52: Financials
ARIIL FINANCIALS FY-2021 - Investor Presentation
Slide 53: Consolidated Profit & Loss Summary
CONSOLIDATED PROFIT & LOSS SUMMARY ARIIL INR Lakhs Sr no. Particulars Quarter Ended Quarter Ended Year Ended Year Ended 31/03/2021 31/03/2020 31/03/2021 31/03/2020 1 Income From Operations a) Revenue from Operation 7,873 9,427 34,672 34,438 b) Other Income 105 423 507 623 Total Income From Operation
Slide 54: Consolidated Balance Sheet Summary
CONSOLIDATED BALANCE SHEET SUMMARY ARIIL Year Ended Year Ended Year Ended Year Ended EQUITY AND LIABILITIES ASSETS 31/03/2021 31/03/2020 31/03/2021 31/03/2020 Equity ASSETS Non Current Assets Equity Share Capital 3,548 3,548 (a) Property Plant & Equipment 5,609 3,395 Other Equity 63,417 60,326 (b) G
Slide 55: Thank You
ARIIL THANK YOU FY-2021 - Investor Presentation
Ajmera Realty & Infra India — Q4 FY2021 Earnings Presentation on 6ix