Slide 1: Filing cover letter to stock exchanges
SMAITSPACES 20th March, 2022 To, To, BSE Limited National Stock Exchange of India Limited Listing Dept / Dept. of Corporate Services, Listing Dept., Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers. Plot No. C/1, G. Block, Bandra-Kuria Complex, Dalai Street, Mumbai -1100 001. Bandra (F), Mumbai
Slide 2: Information Update – Q4FY22
Arvind SmartSpaces Information Update – Q4FY22 May 20, 2022
Slide 3: Q4FY22 Update
Q4FY22 Update
Slide 4: Key Updates – Q4FY22: Fresh Sales
Key Updates – Q4FY22 Fresh Sales – Q4 • Q4FY22 Rs. 150 Cr vs Rs. 207 Cr in Q4FY21 (27% decline) Fresh Sales 250 207 200 184 156 158 150 150 144 110 100 50 22 - Q1 Q2 Q3 Q4 PY CY
Slide 5: Key Updates – FY22: Fresh Sales
Key Updates – FY22 Fresh Sales • FY22 Rs. 601 Cr vs Rs. 529 Cr in FY21 (14% Growth) FY22 Fresh Sales Trend (Rs. Cr) Fresh Sales (Rs. Cr) 700 700 601 600 529 500 601 600 400 277 286 529 PY 300 CY 500 200 91 113 100 73 400 0 FY FY16 FY17 FY18 FY19 FY20 FY21 FY22
Slide 6: Key Updates – Q4FY22: Unrecognised Revenue
Key Updates – Q4FY22 Unrecognised • Rs. 1005 Cr as on March 31, 2022 vs Rs. 762 Cr as on March 31, 2021 Revenue Unrecognized Revenue (INR Cr.) 1,200 1,035 1,005 1,000 800 762 600 400 200 - As on 31 Mar 21 As on 31 Dec 21 As on 31 Mar 22
Slide 7: Key Updates – Q4FY22: Collections and Net Funds
Key Updates – Q4FY22 • Strong collections ~Rs. 160 Cr during Q4FY22 vs Rs. 133 Cr in Q4FY21 and Collections ~ Rs. 595 Cr during FY22 vs. 326 Rs. Cr Net Interest bearing funds as on Mar 31, 2022 is Rs. -107 Cr (vs Mar-21 Rs. 138Cr) Net Debt reduction by Rs. 245 Cr during the year (including Equity fu
Slide 8: Key Updates – Q4FY22: Projects Pipeline
Key Updates – Q4FY22 • Completed 4.9 mn sq ft, Ongoing 14.0 mn sq ft and Planned 6.5 mn sq ft; Projects Pipeline • Total 25.4 mn sq ft Project Pipeline (mn Sq ft) 30.0 25.4 25.4 25.0 22.8 23.9 22.1 5.1 6.6 6.5 20.0 5.0 4.8 15.0 14.2 14.9 14.9 14.0 10.0 13.2 5.0 3.8 3.8 3.8 3.8 4.9 - Mar-20 Mar-21 Se
Slide 9: Key Updates
Key Updates • Strong Sales momentum continues Sales and New Launches • Forreste – total 7.7 lacs sq ft area added with Phase 4, Chirping Woods during the Year launched with freshness hit the market consisting of 6.3 lacs sq ft area, Uplands Two – additional area added into the phase 1.8 lacs sq ft •
Slide 10: Consolidated Financials – Q4FY22
Consolidated Financials – Q4FY22 Revenue EBITDA PBT PAT Rs. 161.1 Cr Rs. 22.0 Cr during Rs. 21.9 Cr during Rs. 14.0 Cr during during Q4 FY22 as Q4 FY22 as against Q4 FY22 as against Q4 FY22 as against against Rs. 64.5 Cr Rs. 14.9 Cr in Rs. 9.4 Cr in Rs. 6.6 Cr in in Q4FY21 Q4FY21 Q4FY21 Q4FY21 Reven
Slide 11: Consolidated Financials – FY22
Consolidated Financials – FY22 Revenue EBITDA PBT PAT Rs. 256.8 Cr Rs. 49.1 Cr during Rs. 37.6 Cr during Rs. 25.1 Cr during during FY22 as FY22 as against Rs. FY22 as against Rs. FY22 as against Rs. against Rs. 149.3 40.6 Cr in FY21 14.5 Cr in FY21 8.7 Cr in FY21 Cr in FY21 EBITDA margin at PBT up b
Slide 12: Fresh Bookings – Q4 FY22
Fresh Bookings – Q4 FY22 Q4FY21 Q4FY22 Project wise Rs. Cr Rs. Cr Uplands 80 56 High Grove / CW 22 24 Forreste 32 22 Skylands 26 3 Belair 17 19 Oasis 13 9 The Edge 3 2 Aavishkaar 4 2 Elan 6 12 Other Completed Projects 4 - Total 207 150 Collections during Q4FY22 amounts to Rs. 160 Cr vs LY Q4 Rs. 133
Slide 13: Fresh Bookings – FY22
Fresh Bookings – FY22 FY21 FY22 Fresh bookings Rs. Cr Project wise Rs. Cr Rs. Cr 700 601 Uplands 105 219 600 5 year CAGR 46% 529 HighGrove / CW 131 82 500 Forreste 115 116 400 Skylands 68 28 277 286 300 Belair 51 60 200 113 Oasis 28 49 100 91 The Edge 9 3 0 Aavishkaar 12 22 FY17 FY18 FY19 FY20 FY21
Slide 14: Financial Performance
Financial Performance Q4 FY22 YTD FY22 Q4 FY22 (Rs. Cr) FY22 (Rs. Cr) Particulars Particulars PY CY Growth % PY CY Growth % Revenue 64.5 161.1 150% Revenue 149.3 256.8 72% EBITDA 14.9 22.0 47% EBITDA 40.6 49.1 21% EBITDA % 23% 14% EBITDA % 27% 19% Finance Cost 6.4 1.3 -80% Finance Cost 26.9 16.8 -37
Slide 15: Balance Sheet (abridged)
Balance Sheet (abridged) Liabilities Assets As on As on As on As on Amount in Rs. Cr Amount in Rs. Cr Mar 31, 2021 Mar 31, 2022 Mar 31, 2021 Mar 31, 2022 Equity and liabilities ASSETS Share Capital 35.6 42.5 Fixed Assets 48.4 56.0 Reserves and Surplus 275.8 396.6 Non-Current Financial 67.6 84.4 Shar
Slide 16: Debt Profile
Debt Profile Amount in Rs. Cr 31-Mar-2021 31-Dec-2021 31-Mar-2022 Gross Debt* 177 27 2 Net Interest bearing funds 138 (85) (107) Net Interest bearing funds to Equity 0.46 (0.21) (0.26) Net Interest bearing funds comes down by Rs. 22 Cr in Q4 The above statement does not include OCD of Rs. 50 Cr
Slide 17: Shareholding Pattern (%)
Shareholding Pattern (%) Category 31-Mar-2021 31-Dec-2021 31-Mar-2022 Shareholding Pattern - Mar 2022 Promoter and 58.66% 54.34% 53.82% Promoter Group Foreign Institutional 0.03% 0.03% 0.07% 36.60% Investors(FIIs) Alternate Investment 0.00% 9.51% 9.51% Funds Insurance Companies 1.64% 0.00% 0.00% 53.
Slide 18: Awards and Accolades
Awards and ACCOLADES CNBC AWAAZ The Economic Times Real Estate & Business Excellence Awards 2022 Real Estate Conclave & Awards 2022 RESIDENTIAL PROPERTY OF THE YEAR DEVELOPER OF THE YEAR - RESIDENTIAL (ARVIND BEL AIR)
Slide 19: Awards and Accolades
Awards and ACCOLADES e4m Pride of India Realty+ Conclave The Best of Bharat’ Awards 2022 Iconic Project of the Year 2022 – Arvind Elan
Slide 20: Completed Projects
Completed Projects Skylands Sporcia Expansia Alcove 4.9 Lakh Sq. Ft. 5.0 Lakh Sq. Ft. 1.4 Lakh Sq. Ft. 10.3 Lakh Sq. Ft. 5.5 Lakh Sq. Ft. Megatrade MegaEstate MegaPark Citadel 0.8 Lakh Sq. Ft. 0.6 Lakh Sq. Ft. 5.0 Lakh Sq. Ft. 1.0 Lakh Sq. Ft. 5.5 Lakh Sq. Ft.
Slide 21: Ongoing Projects
Ongoing Projects 56.0 Lakh Sq. Ft. ~58 Lakh Sq. Ft. 1.3 Lakh Sq. Ft. 4.7 Lakh Sq. Ft. 1.7 Lakh Sq. Ft. ~50 Lakh Sq. Ft.
Slide 22: Quarterly Synopsis
Quarterly Synopsis Amount Area Booked in Units Booked in Sales Value for Revenue Recognized Projects Collected in Q4 Q4 FY22 Q4 FY22 Q4 FY22 in Q4 FY22 FY22 (sq ft.) (nos.) (Rs. Cr) (Rs. Cr) (Rs. Cr) Skylands 5,285 5 3 5 6 Uplands ONE 14,571 2 5 16 16 Oasis 15,528 12 9 22 104 Aavishkaar 6,981 8 2 7
Slide 23: FY22 Synopsis
FY22 Synopsis Amount Revenue Area Booked in Units Booked Sales Value for Collected in Recognized in Projects FY22 in FY22 FY22 FY22 FY22 (sq ft.) (nos.) (Rs. Cr) (Rs. Cr) (Rs. Cr) Skylands 42,291 40 28 45 49 Uplands ONE 1,89,396 13 52 83 52 Oasis 88,522 71 49 74 104 Aavishkaar 78,702 84 22 19 28 Ela
Slide 24: Total Saleable Area - Overview
Total Saleable Area - Overview Status Type Total Saleable Area (Sq. Ft.) A. Completed Residential 4,275,932 Commercial 82,526 Industrial 560,402 A. Completed Total 4,918,860 B. Ongoing Residential 13,846,036 Commercial 168,224 B. Ongoing Total 14,014,260 C. Planned Residential 6,464,676 Grand Total
Slide 25: Project Details
Project Details Estimated Status City Project Type Structure Economic Interest Total Completion Date A.Completed Ahmedabad Aavishkar Residential Owned 100% Complete 545,524 Alcove Residential Owned 100% Complete 1,032,660 Citadel Residential Owned 100% Complete 101,859 Megaestate Industrial Owned 10
Slide 26: Completed Projects
Completed Projects Average Booking Revenue Total Saleable Booked Unsold Collections Price (Price Project Value Recognized (Sqft) (Sqft) Inventory (Sqft) (Rs Cr) till date) (Rs Cr) (Rs. Cr) Rs. / Sq ft Aavishkaar 545,524 347,353 198,171 92 28 57 2,648 Alcove 1,032,660 984,150 48,510 25 25 25 251 Cita
Slide 27: Ongoing Projects
Ongoing Projects Booking Revenue Average Price Total Saleable Booked Unsold Inventory Collections Project Value Recognized (Price till date) (Sqft) (Sqft) (Sqft) (Rs Cr) (Rs Cr) (Rs. Cr) Rs. / Sq ft Belair 469,620 197,665 271,955 111 - 39 5,634 Chirping Woods 632,407 522,954 109,453 52 - 25 990 Edge
Slide 28: Estimated Operating Cash Flow
Estimated Operating Cash Flow Estimated Balance Cost Total Est. Booking Est. Operating Rs. Cr Receivables Value of to be Sales Value Value Cash Flow Inventory Incurred* Ahmedabad Completed 568 489 36 79 5 110 Ongoing 1,795 1,260 437 535 761 212 Yet to be launched 702 0 0 702 506 196 Ahmedabad Total
Slide 29: About the Company
About the Company
Slide 30: Overview | Arvind Smartspaces
Overview | Arvind Smartspaces Company Overview Corporate developer with a Robust governance & Part of Lalbhai Group with a strong trusted consumer experienced professional 120 year legacy, listed in 2015 brand, benefiting from management, learnings in post demerger from Arvind Ltd consolidation post
Slide 31: The Journey so far
The Journey so far Preferential issue of Rs. 85 Cr to HDFC Capital Advisors (8.8% on fully 2021 diluted basis) and Promoters 2021 In April 2021, preferential issue of 7.4% equity to MD & CEO 2021 Sales crosses Rs. 500 Cr+ mark inspite of Covid-19 disruption 2020 Commencement of our first project und
Slide 32: Our Business - Overview
Our Business - Overview Focus on Residential Real Estate Project Pipeline (Mn Sq. Ft.) Project classification 6.5 25.4 (ongoing and planned) 8% 14.0 22% 3% Dec 2021 97% 70% 4.9 Residential Commercial Luxury Mid-market Affordable Multiple Land Sourcing Models Completed Ongoing Planned * Total 21% 35%
Slide 33: Strong Corporate Governance
Strong Corporate Governance Board of Directors Mr. Sanjay S. Lalbhai Mr. Kulin S. Lalbhai Mr. Pratul Shroff Mr. Kamal Singal Chairman & Non-Executive Managing Director & CEO Non-Executive Director Independent Director Director & Promoter Ms. Pallavi Vyas Mr. Vipul Roongta Mr. Nirav Shah Mr. Prem Pra
Slide 34: Strategic partnership with HDFC
Strategic partnership with HDFC Strategic Partnership With HDFC Capital Advisors 1 80/20 venture between Company and H-CARE with SPV entity for mid-market/affordable housing development in 2019 2 Platform Investment done by H-CARE-I, First project acquired at Bangalore 3 Provides patient capital to
Slide 35: Strategic Pillars of Growth
Strategic Pillars of Growth 1 2 3 4 5 Asset light Balanced Risk Innovation Customer Centricity Systems & Processes Profile 1 Land as Raw Material, no Land Banking, Process Industry approach 2 Focus on efficient cash flow management and low leverage, Focussed market and geography strategy 3 Product I
Slide 36: Company SWOT
Company SWOT Strengths Opportunities • Strong established brand • Industry consolidation • Robust governance framework • Historic high in residential affordability • Product innovation & execution track • Pandemic driven shift in consumer record preference (larger, horizontal and • Diversified resid
Slide 37: Competitive Advantage
Competitive Advantage Efficient And Competitive Land • Created Joint Development models Sourcing • Competitive land sourcing Successful Partnership – Long • Uplands, High Grove, Arvind B Safal, Tata Value Housing (now under execution by Arvind Ltd.) are Term Value Creation examples of successful par
Slide 38: Financial Highlights
Financial Highlights Fresh Sales (Rs Cr) Revenue (Rs Cr) 601 299 529 262 257 202 286 160 149 277 116 91 113 73 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY16 FY17 FY18 FY19 FY20 FY21 FY22 EBITDA (Rs Cr) PAT (Rs Cr) 89 39 70 65 30 31 49 25 44 41 21 37 17 9 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY16 FY17 FY18 F
Slide 39: Looking Ahead
Looking Ahead Near Term Business Plan Judicious mix of long Medium term focus on Limited geographical term value creation – Continued focus on land oriented horizontal expansion - focus on through creation of residential segment development with low deeper penetration in destination in larger land w
Slide 40: Projects
Projects
Slide 41: Uplands
Uplands Location: Nasmed Village, Gandhi Nagar Product: Premium golf based township Project Size: 180 Villas Phase I, 45 Villas Phase II – Overall 56 Lakh Sq. Ft. Deal Structure: Joint Development Architect: Woods Bagot Features: 9 Hole Executive Golf Course 3 Clubs (Golf Square, Zen Squ
Slide 42: Uplands
Uplands ArvInD SMAITSPACES I
Slide 43: Uplands
Uplands
Slide 44: Uplands ClubHouse
I Uplands ClubHouse AIVIIID SMAITSPACES 2022/5/16 15:18
Slide 45: Uplands ClubHouse
I Uplands ClubHouse SMAITSPACES
Slide 46: Skylands
Skylands Location: Jakkur Road, Shivanahalii,Bengaluru Product: High rise Residential Apartments Project Size: 417 Units – 4.9 Lakh Sq. Ft. Deal Structure: Outright Purchase Architect: Apurva Amin Features: Sky lounge on terrace Jogging track on terrace Open café on terrace Star gazing d
Slide 47: Skylands
I Skylands AIVIIID SMAITSPACES
Slide 48: Aavishkaar
Aavishkaar Location : Naroda Road, Ahmedabad Product : Affordable Residential Apartments Project Size : 574 Units – 5.5 Lakh Sq. Ft. Deal Structure : Development Agreement Rera Number : PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA02798/A1R/110219 Architect : Vitan (Jagrut & Partners LLP) Fe
Slide 49: Aavishkaar
Aavishkaar Actual Construction Images Model Flat
Slide 50: Oasis
Oasis Location : Tumkur Road, Bengaluru Product : 2 and 3 BHK Residential Apartments Project Size : 452 units – 5.5 Lakh Sq. Ft. Deal Structure : Outright Purchase Rera Number : PRM/KA/RERA/1251/309/PR/180425/ 001543 Architect : Apurva Amin Features : Aqua Center Terrace café Central L
Slide 51: Oasis
Oasis Actual Construction Images
Slide 52: BelAir
BelAir Location : New Town Road Yelahanka, Bengaluru Product : 2, 2.5 &3 BHK Residential Apartments Project Size : 334 units – 4.7 Lakh Sq. Ft. Deal Structure : Outright Purchase Rera Number : PRM/KA/RERA/1251/472/PR/200515/ 003406 Features : Cantilevered Sky Club Vaastu Compliant Water
Slide 53: BelAir
BelAir Actual Construction Images
Slide 54: Elan
Elan Location : Kothrud Road, Pune Product : High rise Residential Apartments Project Size : 81 Units – 1.3 Lakh Sq. Ft. Deal Structure : Development Agreement Rera Number : P52100018613 Features : Landscape Walkway Club Terrace Café Sitting Outdoor & Indoor Gym Fully equipped Home Theat
Slide 55: Elan
Elan Actual Construction Images
Slide 56: The Edge
The Edge Location : Tumkur Road, Bengaluru Product : Commercial & Retail Space Project Size : 130 Units – 1.7 Lakh Sq. Ft. Deal Structure : Outright Purchase Rera Number : PRM/KA/RERA/1251/309/PR/190823/ 002822 Features : Common Conference Room Theatre/Auditorium Modern Cafetaria Gymnasi
Slide 57: The Edge
The Edge Actual Construction Images
Slide 58: Highgrove
Highgrove Location : Moti Devti, Sanand, Ahmedabad Product : Weekend Homes - Plots Project Size : 814 Units – Overall 58 Lakh Sq. Ft. Deal Structure : Joint Development Architect: : Woods Bagot Features : 9 Hole Executive Golf Course Clubhouse powered by SMAAASH, which is perfected by Sa
Slide 59: Highgrove
Highgrove Actual Construction Images
Slide 60: Forreste
Forreste Location : Racharda Khatraj Road, Ahmedabad Product : Premium Land Oriented Villa Scheme Project Size : 350+ Units in Phase 1 to 4 (Overall ~50 Lakh Sq. Ft.) Deal Structure : DM Rera Number : PR/GJ/GHANDINAGAR/GHANDINAGAR/ AUDA/RAA06788/A2R/291020 Architect : InHouse Features
Slide 61: Forreste
Forreste Actual Construction Images
Slide 62: Awards & Recognition
Awards & Recognition
Slide 63: Awards & Recognition
I Awards & Recognition SMAITSPACES ot 2019 0 0. 2019 2019 .410. AO' 4%4 41164 0 AI A Of .04 6a Arvind 4A 4 r Arvind "INr *0. 6 Best N4 .6 • Aavishkaar o f Uplands Ns 16 fr 1 t oBest Golf Coursed Real Estate is rt, .Affordable If ,641 to It Company Housing Project e; No Architecture t , N4 ti Nt-ei t
Slide 64: Awards & Accolades 2021
Awards & Accolades 2021 CNN NEWS 18 AWARDS 2021 REALTY CONCLAVE EXCELLENCE AWARDS, GUJARAT (2021) MOST ADMIRED PROJECT OF THE YEAR- FORRESTE Ultra luxury-lifestyle project of the year for ARVIND UPLANDS Plotted development of the year for ARVIND HIGHGROVE MOST TRUSTED REAL ESTATE BRAND OF THE YEAR V
Slide 65: Disclaimer
Disclaimer The views expressed here may contain information derived from publicly available sources that have not been independently verified, and no representation or warranty is made as to the accuracy, completeness, reasonableness or reliability of this information. This presentation should not b
Slide 66: Thank You
Thank You Arvind SmartSpaces Ltd Investor Relations: (CIN: L45201GJ2008PLC055771) Registered & Corporate Office: Ankit Jain 24, Govt. Servant’s Society, Chief Financial Officer Adj. Municipal Market, Email: ankit.jain@arvind.in C. G. Road, Ahmedabad- 380009 Tel: +91 79 68267000 Prakash Makwana www.a