Shriram Properties Ltd. · NSE:SHRIRAMPPS
Shriram Properties — Investor Presentation (September 2024)
24 slides from Shriram Properties's investor presentation, September 2024
Slide 1: Shriram Properties Limited Corporate Presentation
Shriram Properties Limited Corporate Presentation September 2024 STRICTLY PRIVATE AND CONFIDENTIAL
Slide 2: Shriram Properties Overview
The Poem by Shriram Properties Shriram Properties Overview 1
Slide 3: Shriram Properties: Snapshot of 25-year Journey
Shriram Properties (‘SPL’): Snapshot of 25-year Journey Completed Portfolio: 44 Projects, 24.4 msf development; 18,000+ handed over units Spotless credit profile enabling easy credit access from Lenders Successful partnerships with Global Marquee Investors Remarkable transformation in scale, size an
Slide 4: SPL: The Journey so far
SPL: The Journey so far… • Creation of credible residential real estate growth platform, over the last 2 decades – Among the Top-5 players in core markets of Bangalore, Chennai and Kolkata – Focused Mid-Market housing player (67% of completed projects; 78% of Project Pipeline) – Established leader i
Slide 5: SPL: Significant Competitive Strengths
SPL : Significant Competitive Strengths Leadership in Core Experienced & Markets Professional Management Team Focus on Mid Market Demonstrated segment Execution Track Record Strong Parentage and Asset Light Business Established Model Partnerships Ideally positioned to benefit from improving industry
Slide 6: Multifold Growth since introduction of RERA
Multifold Growth since introduction of RERA Sales Volume (msf) – ~3.5x Growth Sales Value (Rs. Crs) – ~5x Growth 4.6 CAGR 26% 2,362 CAGR 20% 4.0 3.8 1,846 3.6 3.2 3.0 1,482 1,432 2.4 1,173 1,244 1,149 1.3 472 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 Collections
Slide 7: Demonstrated Capabilities in Project Execution
Demonstrated Capabilities in Project Execution Shriram Properties has delivered 44 completed projects | c.24.4msf of Saleable Area 2 Completed no. of projects Total saleable area for completed projects 8 Significant project 7 area delivered in the 2 years before 6.9 6 5 COVID 1 4 4 3.8 3.8 3.5 2.4 1
Slide 8: Financial Turnaround witnessed in last 3 years
Financial Turnaround witnessed in last 3 years Revenue Trends (Rs. Crs) EBIDTA Trends (Rs. Crs.) PBT & PAT Trends (Rs. Crs.) 76 75 223 72 68 987 814 182 183 33 PBT 18 120 PAT 501 518 FY21 FY22 FY23 FY24 -45 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 -68 ROCE Trends EBIDTA margin Trends PBT & PAT Margin
Slide 9: Strategy & Outlook
Shriram 122 West Strategy & Outlook 8
Slide 10: Our 3-Year Mission - #SPLNxT
Our 3-Year Mission - #SPLNxT ~2x Sales ~3x Revenue ~4x Profits Doubling Tripling Quadrupling Annual Sales - To Rs. ~5,000 Income recognition – to Rs. Profits in 2027 Crs by 2027 ~3,000 Crores by 2027 Approx 8-9msf annual sales, from Approx handover of 12000+ units Approx 10%-11% PBT Margins on 4.5ms
Slide 11: Project Pipeline update
Project Pipeline update With Several Pipeline Addition to Projects at Existing Inventory in be done in next 6 to advanced stage of Pipeline Required to the Pipeline from 18 months to finalization across 3 years Cumulative Achieve the sales Ongoing & achieve the mission the cities of Sales Volume ass
Slide 12: Renewed Thrust on Mid Market / Mid-Premium Housing
Renewed Thrust on Mid Market / Mid-Premium Housing: Stable & Long-term growth prospects PAN India launch Trends Bangalore Chennai Kolkata 11% 9% 11% 11% 17% 23% 12% 12% 9% 23% 12% 49% 61% 63% 57% 63% 72% 70% 75% 64% 59% 74% 40% 34% 30% 26% 17% 3% 18% 24% 20% 18% 13% 2022 2023 2022 2023 2022 2023 201
Slide 13: FY25 Outlook: Strategy & Guidance
FY25 Outlook: Strategy & Guidance Strategic Objectives FY25 Context Growth Momentum Favorable Market conditions Target 20%+ CAGR in sales over next 3 years Residential Real Estate (esp. Mid-market) on upcycle; Markets conducive large players Sustaining Profitability FY25 Strong Operating Platform St
Slide 14: Key Strategies
Key Strategies 6 1 Leverage established Stay focused on mid-market and relationships with financial affordable housing investors for growth funding 2 5 Continued focus on core Build scale and enhance markets of South India execution capabilities 4 3 Unlock value from ongoing Enhance focus on Develop
Slide 15: Investment Summary
Investment Summary 8. Access to Capital 1. Corporate Governance ➢ Shriram Group DNA and marquee investor ➢ Strategic relationships with domestic and presence for a decade contribute to strong international financial investors governance and transparency practices ➢ Early recipient of FDI in the sect
Slide 16: Thank You
LAUNCHING SHRIRAM 2° wis LUXOR or Shriram Y UTTARPARA HENNUR MAIN ROAD Hebbal Properties EDEN144 RANDCITY KieSiDNCES Homes that live in you SHRIRAM h > SHRIRAM onRinaM ~ SUMMITT Poems \ Wit Field SC)LITAIRE WiSrehery WHITEFIELO EXTENSION byShrirom Properties «-«-s§s§/s—/———s—=~Sti«< CSN ITEFIELOEXTE
Slide 17: Q1 FY25 Performance Highlights
Shriram 122 West Q1 FY25 Performance Highlights 16
Slide 18: KPI Summary: Q1FY25
KPI Summary : Q1FY25 Sales Volume Sales Value Collection Handovers -9% -18% 10% 51% YOY YOY YOY YOY Q1 FY25 0.70 376 321 535 msf1 Crores Crores No's 14% 28% 16% 50% YOY YOY YOY YOY FY24 4.59 2,362 1,391 3,015 msf1 Crores Crores No's • Muted Q1 Sales but fundamentals remains intact. Confident of deli
Slide 19: Financials Snapshot: Q1FY25
Financials Snapshot: Q1FY25 ₹ 210.9 Cr. ₹ 53.6 Cr. ₹ 27.3 Cr. ₹ 17.5 Cr. Revenues EBIDTA PBT PAT 31% 25% 13% 8% Gross Margin EBIDTA Margin PBT Margin PAT Margin Satisfactory Q1 performance, but set to gain momentum in coming quarters with multiple projects reaching completion & handover during the r
Slide 20: Key Highlights: Q1FY25
Key Highlights: Q1FY25 Operational Performance Financial Performance • Muted sales; driven by sustenance activity. • Total Revenues up 34% YoY. - No new launches; sustenance sales from ongoing projects. • Revenue from Operations grew 14% YoY. - Deferred approvals, wait-n-watch strategy of customers
Slide 21: Financial Highlights: Profit & Loss | Q1 FY25
Financial Highlights : Profit & Loss|Q1 FY25 Particulars (INR Crores) Q1FY25 Q1FY24 YoY FY24 Revenue from operations 154.0 135.0 14% 864.6 Other Operating Revenues 53.1 17.6 103.0 Total Operating Revenues 207.1 152.6 967.6 Other Income 3.8 4.6 19.8 Total Revenues 210.9 157.2 34% 987.4 Cost of revenu
Slide 22: Financial Highlights: Consolidated Cash Flows | Q1FY25
Financial Highlights: Consolidated Cash Flows | Q1FY25 (Excl. DM & JV cashflows) Amount in Rs. Crores Q1FY25 FY24 FY23 Collection Trends (Rs. In Crs) Collections 156 699 524 SPL Own & JDA / JVs / DM DM Income 7 123 57 Other Inflows 0 1 1 1,391 Operating Inflow 163 823 582 1,194 213 Construction (76)
Slide 23: Debt Profile: Well Managed Leverage Ratios & Cost of Debt
Debt Profile: Well Managed Leverage Ratios & Cost of Debt Debt Profile & Cost of Debt Trends - Consolidated Change in Debt Composition – Sep’21 (Pre-IPO) vs Jun’24 Particulars (Rs. in Crs.) Mar'22 Mar’23 Mar’24 June’24 SEP’21 JUN’24 Gross External Debt1 481 553 631 610 Others Banks 6% 3% AIF C & CE
Slide 24: Thank You
LAUNCHING SHRIRAM 2° wis LUXOR or Shriram Y UTTARPARA HENNUR MAIN ROAD Hebbal Properties EDEN144 RANDCITY KieSiDNCES Homes that live in you SHRIRAM h > SHRIRAM onRinaM ~ SUMMITT Poems \ Wit Field SC)LITAIRE WiSrehery WHITEFIELO EXTENSION byShrirom Properties «-«-s§s§/s—/———s—=~Sti«< CSN ITEFIELOEXTE
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