Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Q2 FY2024 Earnings Presentation
35 slides from Ashiana Housing's earnings presentation, Nov 11, 2023
Slide 1: Submission of Investor Update to stock exchanges
Date: 11th November 2023 To To The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Plot no. C/1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code No.: 523716 NSE Symbol: ASHIANA Sub
Slide 2: Investor Update Sep 2023
Investor Update Sep 2023 BHIWADI | GURUGRAM | PUNE | CHENNAI | JAIPUR | JAMSHEDPUR | JODHPUR | HALOL | NEEMRANA MUMBAI | NEW DELHI | BENGALURU | AUSTRALIA | SINGAPORE BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.NS | WWW.ASHIANAHOUSING.COM © 2020, ASHIANA HOUSING LIMITED. ALL RIGHT
Slide 3: Safe Harbor
Safe Harbor 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", "p
Slide 4: Glossary
Glossary 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
Slide 5: Contents
Contents 01 Highlights and Overview 02 Ongoing Projects 03 Financials 04 Future Outlook 05 Annexures © Ashiana Housing Limited, All Rights Reserved. 4
Slide 6: Highlights and Overview
Highlights and Overview 01 Highlights 02 Operational Overview 03 Financial Overview 04 Quarterly Performance 05 Cash Flow Position © Ashiana Housing Limited, All Rights Reserved. 5
Slide 7: Quarterly Highlights
Quarterly Highlights Successful completion of first ever buyback of shares (Rs 55 Crores). Launched 7th Senior Living project of Ashiana at Talegaon, Pune named Ashiana Amodh in Jul 23. Second phase of Ashiana Prakriti in Jamshedpur and last phase of Ashiana Shubham in Chennai launched. Hand
Slide 8: Quarterly Operational Overview
Quarterly Operational Overview Area booked was 5.92 lakh sq ft in Q1FY24 vs 6.53 lakh sq ft in Q1FY24. EAC was 4.59 Lakh sq ft in Q2FY24 vs 4.35 Lakh sq ft in Q1FY24 Note : * Equivalent Area Constructed (EAC) excludes EWS/LIG area as it is not a business activity of the company. © Ashiana Housin
Slide 9: Quarterly Financial Overview
Quarterly Financial Overview Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 Q2FY23 Q1FY24 Q2FY24 27.35 83.15 351.02 75.29 10.87 129.29 91.72 (1.81) (1.05) Profit/(Loss) After Tax * Pre - Tax Operating Cash Flows Sales and Other Income Sales and Other income was recorded at Rs 351.02 Crores in Q2FY24 vi
Slide 10: Quarter wise Performance
Quarter wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Area Delivered & Period Entity Equivalent Area Value of Area Booked Area Booked Recognized for Constructed* Revenue AHL 317.60 5.75 4.59 9.04 FY24 Quarter 2 Partnership 8.00 0.18 0.00 0.26 Total 325.60 5.92 4.59 9.30 AHL 4
Slide 11: Quarterly Sales Trend
Quarterly Sales Trend (Area in Sq. Ft. ) Location Projects Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 AHL Neemrana Aangan Neemrana - - 1,450 Gurugram Anmol 85,788 58,126 1,04,384 1,81,226 1,28,714 69,121 59,177 37,964 Gurugram Ashiana Amarah - - 3,95,360 - 3,76,880 Bhiwadi Tarang 9,493
Slide 12: Project wise Cash Flow Position in Ongoing Projects
Project wise Cash Flow Position in Ongoing Projects Equivalent Sale Value of Amount Saleable Area Area Booked Area Location Projects Phase Area Booked Received (Lakhs sq ft) (Lakhs sq ft) Constructed (INR Crores) (INR Crores) (Lakhs sq ft) Bhiwadi Nirmay Phase 4 2.08 1.85 70.10 57.79 2.09 Bhiwadi Ta
Slide 13: Ongoing Projects
Ongoing Projects 01 Geographical Presence 02 Ongoing Projects Summary 03 Break up of Area Booked Operational data - Yearly 04 - Quarterly © Ashiana Housing Limited, All Rights Reserved. 12
Slide 14: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects Pune Bhiwadi 10% 12% Jodhpur 5% Chennai 9% Jamshedpur 12% Gurugram 25% Jaipur 27% © Ashiana Housing Limited, All Rights Reserved. 13
Slide 15: Ongoing Projects Summary – Expected Completion Timeline
Ongoing Projects Summary – Expected Completion Timeline Possession Saleable Area Area Booked Expected Customer Location Projects Phase Type Economic Interest Timeline as per (Lakhs sq ft) (Lakhs sq ft) Handover Date RERA Bhiwadi Nirmay Phase 4 Senior Living 100% Ownership 2.09 1.85 Q3FY25 Q3FY24 Bhi
Slide 16: Year wise Deliveries
Saleable Expected Year Location Projects Phase Area Customer Status Year wise Deliveries Bhiwadi Tarang Phase 3 (Lakhs sq ft) Handover Date 1.14 Q2FY24 Handover Started Bhiwadi Nirmay Phase 4 2.08 Q3FY24 Chennai Shubham Phase 4 2.46 Q4FY24 Jaipur Amantran Phase 1 3.58 Q2FY24 Handover Started Jaipur
Slide 17: Break Up of Area Booked (QoQ)
Break Up of Area Booked (QoQ) Pune Jodhpur 1% 3% Bhiwadi Pune Bhiwadi Jaipur 7% 16% 13% Jodhpur 12% 2% Gurugram, 7% Chennai 10% Chennai Jamshedpur 13% 21% Q2FY24 Q1FY24 Gurugram Jaipur 67% 28% Jamshedpur Jodhpur PuneBhiwadi 2% 4% 5% 8% Gurugram Bhiwadi Jaipur 17% 8% Pune 16% Jamshedpur 3% Chennai 31
Slide 18: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 Equivalent Area Constructed* Lakhs Sq. ft. 22.8 23.44 17.39 8.16 7.68 9.85 11.66 16.20 16.73 Area Booked Lakhs Sq. ft. 18.12 8.63 6.96 6.93 10.79 19.82 14.97 14.76 25.86 Value of Area Booked INR Lakhs 54,7
Slide 19: Quarterly Operational Data
Quarterly Operational Data Particulars Unit Q1FY22 Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Equivalent Area Constructed* Lakhs Sq. ft. 2.89 4.50 3.73 5.07 3.85 4.38 3.42 5.08 4.35 4.59 Area Booked Lakhs Sq. ft. 1.51 4.51 4.21 4.53 3.34 4.90 9.03 8.59 6.53 5.92 Value of Area Boo
Slide 20: Financials
Financials 01 Financial Summary YoY 02 Financial Summary QoQ © Ashiana Housing Limited, All Rights Reserved. 19
Slide 21: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Particulars Unit FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 Sales and Other Income INR Crores 397.02 334.92 350.63 317.55 259.31 233.59 425.19 Operating Expenditure INR Crores 291.00 266.92 303.37 316.84 241.11 230.71 379.41 EBITDA INR Crores 106.02 68.00 47.26 0.
Slide 22: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Sales and Other Income INR Crores 60.69 54.19 78.28 81.22 91.72 135.31 116.94 129.29 351.02 Operating Expenditure INR Crores 63.33 55.08 68.19 65.24 91.63 119.67 102.88 113.33 312.76
Slide 23: Future Outlook
Future Outlook 01 Future Projects Summary Land available for Future 02 Development Completed Projects having 03 Inventory © Ashiana Housing Limited, All Rights Reserved. 22
Slide 24: Future Projects Summary
Future Projects Summary Saleable Area Location Project Phase Economic Interest (Lakhs Sq. ft.) Bhiwadi Ashiana Tarang 5&6 100% 6.11 Bhiwadi Ashiana Advik 2,3,4 & 5 100% 10.57 Jaipur Ashiana Ekansh 3&4 77.25% Revenue Share 4.88 Jaipur Ashiana Nitara All 80.20% Revenue Share 6.50 Jaipur One44 All 77.4
Slide 25: Land available for Future Development
Land available for Future Development Estimated Area Estimated Saleable Area Location Land/ Project Name Proposed Development (Acres) (Lakhs Sq. ft) Bhiwadi Milakpur 40.63 31.00 Premium Homes*/ Senior Living Kolkata Ashiana Maitri/Nitya 19.72 14.88 Premium Homes /Senior Living Gurugram HSIIDC Land 1
Slide 26: Completed Projects having Inventory
Completed Projects having Inventory Saleable Area Booked Area Unbooked Area Location Projects Phase Share in Project Type (Lakhs sq ft) (Lakhs sq ft) (Lakhs sq ft) Bhiwadi Ashiana Town 1, 2, & 3 100% Kid Centric Homes 15.33 13.91 1.42 Bhiwadi Surbhi 1-5 & Plaza 100% Premium Homes 4.02 3.58 0.45 Bhiw
Slide 27: Shareholding Pattern as on 30th Sep 2023
Shareholding Pattern as on 30th Sep 2023 Shareholding Pattern Institutional Holding above 1% Rank Fund / Institution No. of Shares % Holding 1 India Capital Fund Limited 72,80,406 7.11% Others , 23.64% 2 SBI Contra Fund 60,37,047 5.90% ICICI Prudential Equity & Debt 3 10,46,891 1.02% Fund Investor E
Slide 28: For Any Queries, Contact
investorrelations@ashianahousing.com For Any Queries, Contact +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, New Delhi – 110017 Ph : 011-4265 4265 © 2020 Ashiana
Slide 29: Annexure
Annexure 01 About Ashiana 02 Business Model 03 Accolades 04 Abbreviations © Ashiana Housing Limited, All Rights Reserved. 28
Slide 30: About Ashiana
About Ashiana Incorporation / 1979 in Patna, New Delhi Headquarters Industry Real Estate with focus on residential apartments Business Premium Homes, Senior Living & Kid Centric Homes Segments Areas of Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, Operation Gurugram, Lavasa, Halol, Chennai and Kol
Slide 31: Business Model
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
Slide 32: Accolades
Accolades Awards & Recognitions 2010 2011 2012 2013 2014 2015 • Rated by FORBES’ among • Ashiana Aangan, • Received Bhamashah award • Awarded as Realty Giants • CNBC Awaaz • Ashiana Aangan Bhiwadi Asia's 200 Best Under a Bhiwadi awarded as for Contribution made in the North India by Realty Kings fel
Slide 33: Abbreviations
Abbreviations Sq. ft.: Square Feet EAC: Equivalent Area Constructed PAT : Profit after Tax EBITDA: Earning before Interest, Tax, Depreciation and Amortization TCI: Total Comprehensive Income © Ashiana Housing Limited, All Rights Reserved. 32
Slide 34: Glossary
Glossary 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
Slide 35: Safe Harbor
Safe Harbor 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", "p