Signatureglobal (india) Limited · NSE:SIGNATURE
Signatureglobal (india) — H1 FY25 Earnings Presentation
35 slides from Signatureglobal (india)'s earnings presentation, Nov 8, 2024
Slide 1: Cover letter to stock exchanges
Date: 8th November, 2024 The Manager The Manager BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Listing Department 1st Floor, New Trading Ring, Exchange Plaza Rotunda Building 5th Floor, Plot no C/1, G Block Phiroze Jeejeebhoy Towers, Bandra Kurla Complex Dal
Slide 2: H1'FY25 Investor Presentation November 2024
H1’FY25 INVESTOR PRESENTATION November 2024
Slide 3: Disclaimer
Disclaimer This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and r
Slide 4: Operating Highlights
Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 3
Slide 5: The Company sold >2,000 units at an average ticket size of INR 29.0 Mn
The Company sold >2,000 units at an average ticket size of INR 29.0 Mn during H1’FY25 Sales in Rs. Bn • INR 27.8 bn in Q2’FY25 vs INR 9.8 bn in Q2’FY24, registering 184% growth; 80 72.7 59.0 • INR 59.0 bn in H1’FY25 vs INR 18.6 bn in H1’FY24, registering 217% growth; 60 Strong Sales 40 • During H1’F
Slide 6: Portfolio addition of ~2.9 Mn sqft during the H1 FY25 in focus micro markets
Portfolio addition of ~2.9 Mn sqft during the H1 FY25 in focus micro markets 30 21.3 • Achieved an Operating Cash Surplus before Investment in Land of INR 8.1 bn Operating in H1’FY25; 20 13.3 Cashflow before 8.1 • Operating cash surplus of c. 38% of collections during H1’FY25 (35% in 10 4.7 Investme
Slide 7: FY25 annual guidance
FY25 annual guidance Launches1 Pre-Sales INR Bn INR Bn 160 160 160 120 120 100 90 80 73 80 59 42 40 40 0 0 FY24A FY25E H1'FY25A FY24A FY25E H1'FY25A Owing to the generous response, we expect The company has witnessed a strong subscription sales growth of >35% rate on the project launches & looking f
Slide 8: Pro Forma P&L on FY25 Guidance
Pro Forma P&L on FY25 Guidance Particulars FY24 FY25E INR Bn % INR Bn % Pre Sales 72.7 100.0 Embedded EBITDA 23.3 32% 35.0 35% - D&A 0.22 0.22 - Finance Cost 2.2 2.0 Embedded PBT 20.8 29% 32.8 33% Tax rate ( assumed 5.3 8.3 rate 25.2%) Embedded PAT 15.6 21% 24.5 25% Growth in Sales with better margi
Slide 9: Strategy & Portfolio
Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 8
Slide 10: Focus across three distinct micro markets fueled by world class infrastructure
Focus across three distinct micro markets fueled by world class infrastructure THREE FOCUS AREAS 1) Sector 71 17.0 mn sqft1 Proximity to all prime areas of Gurugram; red light free to Golf Course Road in future 37D 2) Sohna Elevated Corridor 7.0 mn sqft1 Commenced in 2022; Closer to 71 Cybercity and
Slide 11: Sustained supply in all 3 key micro markets
Sustained supply in all 3 key micro markets Sector 37D Sector 71 Sohna Corridor Deluxe - DXP Titanium SPR Daxin • 1st Group Housing project, launching • Stepping up in the premium market • Forayed into large format 1,000 units with 2nd Group Housing project, developments launching 600 units • 1st To
Slide 12: Successful launch of Township – Daxin Vistas
Successful launch of Township – Daxin Vistas Township Project – Daxin Vistas – DDJAY residences with modern amenities Township Project – Daxin Vistas – Commercial spaces for Retail segment Township Project – Daxin Vistas – Industrial/IT-ITeS office spaces Township Project – Daxin Vistas The Company
Slide 13: Successful launch of Township – Daxin Vistas
Successful launch of Township – Daxin Vistas Project Highlights – Daxin Vistas Township Project – Daxin Vistas – DDJAY residences with modern amenities • Next milestone after the success of Group Housing projects - First Township project, speads across 125 acres – comprising independent floors, Comm
Slide 14: Successful deliveries in recent times gives confidence to customers
Successful deliveries in recent times gives confidence to customers SG Park, Sohna Orchard Avenue – Sector 93, Gurugram Orchard Avenue 2 – Sector 93, Gurugram Roselia, Sector 95A, Gurugram Serenas, Sohna Grand Iva, Sector 103, Gurugram
Slide 15: Snapshot of Ongoing Portfolio; Aim to be delivered by FY26
Snapshot of Ongoing Portfolio; Aim to be delivered by FY26 Number of Land Saleable Area Sold Area Sold Value Category Category Wise Share of 15.8 mn sqft Ongoing Portfolio Projects (in acres) (in mn sqft) (%) (INR bn) Affordable 7 48.11 4.9 96.9% 20.2 Others 2.3% Mid Income - Gurugram 8 91.62 7.5 96
Slide 16: Strong pipeline of mid income housing projects across focused micro markets
Strong pipeline of mid income housing projects across focused micro markets; aim to launch by FY26 Recently launched Forthcoming Land (in Location Project Estimated Saleable Area1 Estimated Saleable Area1 acres) (in mn sqft) (in mn sqft) Each focus area has distinct Group Housing, price point thus c
Slide 17: Strong Portfolio of ~50 mn sqft across Ongoing and Forthcoming projects
Strong Portfolio of ~50 mn sqft across Ongoing and Forthcoming projects Ongoing projects of 16.4 mn sqft saleable area Forthcoming projects of 25.4 mn sqft saleable area1 Strong project pipeline to result in sustainable growth Mid Affordable Group Plotted Total – Category Income Others Housing Housi
Slide 18: Strong sales momentum
Strong sales momentum SALES GROWTH OF 217% IN H1’FY25 VS H1’FY24 SALES CAGR OF 62% DURING FY21-FY24 INR Bn INR Bn 59.0 80 72.7 80 6.0 59.0 60 4.4 60 4.5 40 40 34.3 3.0 25.9 18.6 1.9 20 1.5 16.9 20 0 0.0 0 H1'FY24 H1'FY25 FY21 FY22 FY23 FY24 H1'FY25 Sales (INR bn) Area Sold (mn sqft) H1’FY25 SALES CO
Slide 19: Growing collections leading to fast paced construction while maintaining low net debt
Growing collections leading to fast paced construction while maintaining low net debt 60% GROWTH IN Y-o-Y COLLECTIONS Particulars H1’FY25 (INR Bn) 25 Collections 21.2 21.3 20 Others (GST & other charges) 1.1 15 13.3 10 Cash inflow 22.3 5 Less : Operating Expenses 0 H1'FY24 H1'FY25 - Construction Exp
Slide 20: Financial Snapshot
Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 19
Slide 21: Healthy gross profit margins and Low Leverage Levels
Healthy gross profit margins and Low Leverage Levels Revenue being recognized from recently delivered units of Signature Global Park • INR 11.5 bn revenue recognized from operations in H1’FY25 vs INR 2.6 bn in H1’FY24 • Adjusted EBITDA of INR 1.3 bn (10.96%) for H1’FY25 vs INR 0.6 bn Financial (6.71
Slide 22: Consolidated PL Snapshot
Consolidated PL Snapshot PL Statement (INR bn) H1’FY25 H1’FY24 Adjusted Gross Margin % & Adjusted EBITDA Margin % Revenue from real estate properties - Mid- Income Housing 8.2 1.9 - AHP 2.8 0.5 50% Total Revenue from real estate properties 11.0 2.4 40% Cost of Goods Sold -8.5 -1.6 30% 26.78% 27.57%
Slide 23: Net Debt Position of the Company with Growing Operating Cashflows
Net Debt Position of the Company with Growing Operating Cashflows Operating Surplus1 and Net Debt2 (INR bn) Lenders to Signature Global 15.00 11.6 10.9 10.1 10.00 9.1 5.6 5.2 6.9 5.00 4.7 2.5 0.00 Mar-21 Mar-22 Mar-23 Mar-24 Sep-24 Net Debt Operating Surplus Comfortable Net Debt position given the c
Slide 24: Strong performance at the stock exchange since listing
Strong performance at the stock exchange since listing Stock Info Share price performance – stellar >3x return from offer price of INR 385 1800 NSE SIGNATURE 1600 Equity Shares (mn) 141 1400 1,433 1200 Closing price as Market Cap (INR Bn) 188 Listing on 23rd Oct’24 1000 price - 444 52 Week High (26-
Slide 25: Company Overview
Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 24
Slide 26: Largest Player in Delhi NCR's Affordable and Lower Mid-Income Housing Market
Largest Player in Delhi NCR’s Affordable and Lower Mid-Income Housing Market Focused housing factory Strong commitment to sustainability & green growth • Commenced operations# in 2014 with affordable housing, ventured into mid-income housing market in 2017 • All projects are either Edge or IGBC cert
Slide 27: Track Record of Execution
Track Record of Execution Delivered Housing Projects Totaling to c. 12.0 msf1 Solera Synera Grand Iva Orchard Avenue Serenas Sector 107, Gurugram Sector 81, Gurugram Sector 103, Gurugram Sector 93, Gurugram Sector 36, Sohna 1,443 units 819 units 1,470 units 727 units 1,303 units On the path of deliv
Slide 28: … With Quick Turnaround of Land Resources
… With Quick Turnaround of Land Resources Disciplined approach to land acquisition leading to quick turnaround of up to 18 months from 2.2 mn sqft of Individual Floors completed acquisition to launch Sunrise & Karnal City Time from Land Acquisition to Project Land Acquisition Date Launch Date Launch
Slide 29: Well Established Brand and Strong Distribution Network Focused on Mid-Income Segments
Well Established Brand and Strong Distribution Network Focused on Mid-Income Segments Well entrenched sales and distribution network driving customer acquisition Strong Brand Recall Strong Distribution Network Engaged celebrity brand ambassadors for various campaigns Campaign Name Response2 ✓ Strong
Slide 30: Use of improved construction technologies for timely project completion
Use of improved construction technologies for timely project completion Using Aluminium Formwork Technology to Reduce Construction Time Standardization providing ▪ Imported the Aluminum formwork technology providing a unique advantages competitive edge ❑ Reduced structure cost ❑ Increased pace of co
Slide 31: Leveraging Technology for efficiency & scale
Leveraging Technology for efficiency & scale Digital Integration of all stakeholders Strong emphasis on digital sales Projects being sold through various digital channels ✓ Stronger Internal Controls including website since 2014 ✓ Human Resource Management Software ✓ Strong Linkage with Core ERP AHP
Slide 32: Trusted brand with strong campaign being run at a national level
Trusted brand with strong campaign being run at a national level • Relatable brand ambassadors like Vidya Balan and Vijay Raaz • Company has strong presence across social media and has touched c.130 mn social media users • Strong in-house direct sales team of 41 members1 and indirect sales team of 1
Slide 33: High Quality Board & Experienced Management Team
High Quality Board & Experienced Management Team Name Designation Brief Profile Independent Directors 8+ years of experience in real estate industry; Pradeep Kumar Chairman & Whole- Served as MD on the board of SMC Comtrade Aggarwal Time Director Limited for 10 years Kundan Mal Agarwal Vice Chairman
Slide 34: Focus On Sustainable Development
Focus On Sustainable Development Waste Management Use Of Solar Panels Use Of LED lights Green Building Initiatives Green Building Initiatives (Water Management) Use of Low Flow Fixtures INDUSTRY LEADING CERTIFICATIONS Green Building Certification* IGBC Certification Occupational Health & Safety Qual
Slide 35: Thank You
THANK YOU Contact us at investor.relations@signatureglobal.in
SignatureGlobal (India) — H1 FY25 Earnings Presentation on 6ix