Arihant Superstructures Limited · NSE:ARIHANTSUP
Arihant Superstructures — Q4 FY2022 Earnings Presentation
48 slides from Arihant Superstructures's earnings presentation, May 2022
Slide 1: Investor Presentation Q4 – FY 2022
INVESTOR PRESENTATION Q4 – FY 2022
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Arihant Superstructures Limited (the “Company” or “ASL”) together with its Subsidiaries (collectively, the “Arihant Group”) for general information purposes only, without regard to any specific objectives, suitability, financial situations and needs
Slide 3: CMD's Message
CMD’S MESSAGE “It’s been an extremely satisfying year for us as we achieved number of milestones and record profitability. We have achieved the highest home sales as well as revenue with EPS at Rs. 10.02 for the year. The year also threw up challenges with supply chain disruption, soaring commodity
Slide 4: Company Overview
COMPANY OVERVIEW To nurture the best talent and be a “Built to Last” VISION company To construct the most efficient spaces for our customers MISSION while leaving the least ecological foot-print To share wealth with all the stake holders and POLICY contribute to the well-being of society at large 4
Slide 5: Overview
OVERVIEW Diversified Portfolio Affordable Housing Presence across Over 96% of portfolio in Mumbai Metropolitan Region affordable and mid-income housing (MMR) and Jodhpur Ongoing & upcoming Operationally Efficient projects In-house design, engineering & ~13.15 Million Sq. Ft. across 16 project implem
Slide 6: Key Highlights for Q4 & FY22
KEY HIGHLIGHTS FOR Q4 & FY22 6
Slide 7: Operational Highlights
OPERATIONAL HIGHLIGHTS Commencement approval received for two FY22 Sales & Collections new affordable housing projects – Arihant Aakarshan at Taloja and Arihant Aaradhya at Kalyan Ext. These two projects having revenue potential Units Sold Area Sold Value of sales Collection of Rs. 1,100 Cr, to be l
Slide 8: New Launch – Q4 FY22
NEW LAUNCH – Q4 FY22 New tower “Della” launched at Arihant Aspire in February 2022 Unique concept of 1 BHK-O and 2 BHK-O homes with in-built office space well received by the home buyers Total units launched – 494 Total units sold – 311 8
Slide 9: FY22 at a Glance
FY22 AT A GLANCE Units Sold (No.) Area Sold (Lakh Sft) Value of Sales (INR Cr) 1,628 13.8 764.0 934 8.7 400.3 710 6.3 264.8 FY20 FY21 FY22 FY20 FY21 FY22 FY20 FY21 FY22 Total Revenue (INR Cr) EBITDA (INR Cr) PAT (INR Cr) 332.5 41.4 71.3 272.3 237.6 47.6 50.2 15.7 11.1 FY20 FY21 FY22 FY20 FY21 FY22 F
Slide 10: Q4 & FY22 Results
Q4 & FY22 RESULTS Particulars (INR Cr) FY22 FY21 % change Q4 FY22 Q3 FY22 % change Total Revenue 332.52 272.31 22.1% 71.27 88.59 (19.5)% Total Operating Expenses 261.26 222.14 54.05 70.11 EBITDA 71.26 50.16 42.1% 17.23 18.48 (6.8)% EBIDA Margin 21.43% 18.43% 300 bps 24.17% 20.86% 331 bps Interest 21
Slide 11: Consolidated Net Debt – 31st Mar 2022
CONSOLIDATED NET DEBT – 31ST MAR 2022 Debt attributable as Entity Debt Entity % holding per % holding (INR Cr) (INR Cr) ASL 6.71 100% 6.71 Arihant Vatika 0.00 60% 0.00 Effective debt of ASL is worked out based on ASL’s shareholding in Arihant Aashiyana 50.52 60% 30.31 subsidiaries Arihant Abode 257.
Slide 12: Company Overview
COMPANY OVERVIEW 12
Slide 13: Geographical Spread – MMR & Jodhpur
GEOGRAPHICAL SPREAD – MMR & JODHPUR 13Projects 3Projects (MMR) (Jodhpur) Kalyan-Shil Badlapur Jodhpur Kharghar Mumbai Taloja Vashi Panvel Dali Bai Circle Karjat Pal Gangana Road Khopoli 13
Slide 14: Portfolio Mix
PORTFOLIO MIX Category-wise portfolio mix High Income Group (> INR 10,000/Sq. Ft.) 3.48% Diversified portfolio mix with focus on affordable and mid income housing Affordable (< INR 5,000/Sq. Ft.) 61.84% Mid Income Group (INR 5,000- 10,000/Sq. Ft.) Area-wise Portfolio Mix 34.68% Jodhpur 21.35% Khargh
Slide 15: Completed & Ongoing Projects
COMPLETED & ONGOING PROJECTS Revenue Economic Total Unsold Receivables Total Est. Sold Units Unsold Area potential from Interest of Project Location units Units from Sold Receivables (No.) (Sft) Unsold Units ASL in the (No.) (No.) Units (INR Cr) (INR Cr) (INR Cr) Project COMPLETED PROJECTS MMR 67 44
Slide 16: Forthcoming Projects
FORTHCOMING PROJECTS Economic Total units Revenue potential Project Location Total Area (Sft) Interest of ASL in (No.) (INR Cr) the Project FUTUREPROJECTS Amisha Taloja 274 2,20,514 99 60% Arshiya Khopoli 1,135 8,56,669 317 100% Aspire Panvel 1,648 19,43,715 1,574 60% Akarshan Taloja 2,031 13,19,727
Slide 17: Select Project Elevations
SELECT PROJECT ELEVATIONS Arihant Advika, Vashi Arihant Aakarshan, Taloja (New Launch) Arihant Aspire, Panvel Arihant Aalishan, Kharghar * Images are Artist’s impressions and for representational purposes only 17
Slide 18: Select Project Elevations
SELECT PROJECT ELEVATIONS Arihant Aloki, Karjat Arihant Anaika, Taloja Arihant Arshiya, Khopoli Arihant Adita, Jodhpur * Images are Artist’s impressions and for representational purposes only 18
Slide 19: Board of Directors
BOARD OF DIRECTORS Ashok Chhajer Nimish Shah Virendra Mittal Promoter, CMD Whole-Time Director Independent Director ● Over 2 decades in the real estate business ● A civil engineer with over 19 years experience in ● IIT Alumnus and a fellow chartered engineer construction and related activities ● Pri
Slide 20: Management Team
MANAGEMENT TEAM Senior Managerial Personnel of the Company and its Subsidiaries Deepak Lohia, Abhishek Shukla Sangeeta Chhajer Chief Financial Officer Chief Strategy Officer Head Post-sales & Operations Kapil Sengar Teji Ghosh Govind Rao VPSales VP Marketing & brand CompanySecretary management 20
Slide 21: Awards & Recognitions
AWARDS & RECOGNITIONS 2021 2017-2020 Best Developer for Green Buildings by CIA World Zee Business Award – Iconic Award by Radio Affordable Housing Project of IGBC Pre-certified Platinum Developer of the Year City for Arihant the Year for Arihant Arshiya by Rating for Aspire project ( Affordable Hous
Slide 22: ESG
ESG ASL engages in sustainable development of Environment, Society and Governance Environment Social Governance • Most of our developments have • Social development by supporting Rural sewage treatment plants, rainwater development projects, rural infrastructure • The Board inculcates culture of har
Slide 23: Business Drivers
BUSINESS DRIVERS The information contained in this section has been derived from the “Market Research in MMR and Jodhpur Report”, which has been commissioned by our Company from Liases Foras Real Estate Rating and Research Private Limited. 23
Slide 24: Real estate sector rejoices on the back of strong macros
Real estate sector rejoices on the back of strong macros Higher affordability due to lower cost of borrowings Inventory months reduced in last 6 months 8.90% 56 8.25% 8.35% 8.05% 51 44 6.80% 6.80% 6.70% 42 6.40% Union Bank SBI HDFC ICICI Tier 1 Tier 2 Oct-19 Oct-21 FY 21 H1 – FY22 The housing loan
Slide 25: Real Estate market is broad basing, favoring organized players like ASL
Real Estate market is broad basing, favoring organized players like ASL No. of Medium & Small developers reduced in CY20 Immense scope of penetration for larger players Super Large Developers 6% 5% Large Developers 5% Medium Developers Medium & Small Developers 11% Super Large & Large Developers Sma
Slide 26: Affordable segment to outperform: ASL a key player
Affordable segment to outperform: ASL a key player All India residential sales 30-60L ticket size residential sales Million Sq. Ft. Million Sq. Ft. 800 300 705 258 700 CAGR – 14% 250 CAGR – 16% 600 200 MMR Market is estimated 500 150 to more than double by 400 320 108 FY27 to absorption volume 300
Slide 27: ASL's long-standing presence in extended suburbs of MMR
ASL’s long-standing presence in extended suburbs of MMR Central Extended Suburbs, Navi Mumbai, Panvel, Karjat and Khopoli are the markets in which Arihant Group is present ASL’s presence in micro markets of MMR ASL has 51% share of supply in INR 30 Lacs – 1Cr segment and 58% share of supply in bel
Slide 28: ASL: One of the established real estate player in affordable and mid-income housing segment
ASL: One of the established real estate player in affordable and mid-income housing segment Strong Brand in MMR with • Customer- centric development model distinguished track record • Preferred developer in MMR and Jodhpur • Completed ~3.5 Million Sq. Ft. in last 5 years Cost efficient business mode
Slide 29: Cost efficiencies ensures high margins despite competitive pricing
Cost efficiencies ensures high margins despite competitive pricing in affordable housing segment Asset Light Model Low-Cost Land • Continuing to enter into JD, JV or DM • Acquire lands on outright basis at low-cost arrangement in Mid-income segment for affordable housing • Targeting redevelopment op
Slide 30: Robust outlook supported by long term growth drivers
Robust outlook supported by long term growth drivers Affordable & Project Joint Mid-income Land Reserves Portfolio Development Segment • 15 out of 16 projects • 13 ongoing projects • In addition, ASL has • Looking to expand in this segment with aggregate land reserves of and develop Land saleable ar
Slide 31: Financial Snapshot
FINANCIAL SNAPSHOT 31
Slide 32: Capital Market Data
CAPITAL MARKET DATA BSEScrip Code 506194 Shareholding Pattern NSE Trading Symbol ARIHANTSUP (As on March 31, 2022) Public Bloomberg Code ARSU:IN 23.04% FIs/Banks/FPIs GICSSector Real Estate 2.55% Market Cap as on INR 617.2 Cr. 6th May 2022 52 Week High INR 204.5 Promoters 74.41% 52 Week Low INR 35.3
Slide 33: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (INR Cr) FY19 FY20 FY21 FY22 Total Revenue 242.2 237.6 272.3 332.5 Cost of Construction, Land & Development 195.5 119.2 149.2 289.1 Changes in Inventories (51.1) 33.6 33.4 (92.3) Employee Benefits Expense 13.8 12.1 11.9 16.4 Other Expenses 27.1 25.1 27.6 48.
Slide 34: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Equity and Liabilities (INR Cr) FY19 FY20 FY21 FY22 Share Capital 41.2 41.2 41.2 41.2 Reserves and Surplus 80.7 85.6 97.5 137.2 Non-Controlling Interest 13.9 20.0 24.6 24.6 Total Equity 135.7 146.8 163.3 203.0 Long Term Borrowings 237.7 316.9 249.9 175.2 Short Term Borrowi
Slide 35: Financial Performance
FINANCIAL PERFORMANCE Income Statement (INR Cr) Return Ratios Revenues EBITDA PAT ROE ROCE 333 25.0% 272 20.2% 242 20.0% 238 16.3% 17.6% 15.0% 11.0% 10.9% 10.0% 11.4% 71.3 56.9 47.6 50.1 41.4 5.0% 8.4% 18.3 11 15.7 0.0% 4.5% FY19 FY20 FY21 FY22 FY19 FY20 FY21 FY22 *Non-annualized Debt to Equity Net
Slide 36: Construction Progress
CONSTRUCTION PROGRESS 36
Slide 37: Project Status – Aalishan (Kharghar)
PROJECT STATUS – AALISHAN (KHARGHAR) Kaveh Kaveh & Baraz-I Finishing work in progress beyond 18th floor in Finishing work in progress beyond 30th Floor in Kaveh Baraz-I 37
Slide 38: Project Status – Aspire (Panvel)
PROJECT STATUS – ASPIRE (PANVEL) Iliana & Hortensia 42nd & 40th floor completed in Ileana & Hortensia; Finishing work commenced beyond 30th floor 38
Slide 39: Project Status – Anaika (Taloja)
PROJECT STATUS – 4 ANAIKA (TALOJA) 100% of the RCC work is complete and Finishing work nearing completion 39
Slide 40: Project Status – Anaika (Taloja)
PROJECT STATUS – 5 ANAIKA (TALOJA) 3rd floor RCC work completed for R & S wing; 2nd floor RCC work in progress for T wing 40
Slide 41: Project Status – Anaika (Taloja)
PROJECT STATUS – ANAIKA (TALOJA) 41
Slide 42: Project Status – Amber
PROJECT STATUS – AMBER Finishing work nearing completion 42
Slide 43: Project Status – Aloki
PROJECT STATUS – ALOKI Building A2 Building B2 Building No. B 2 is nearing completion; A-2 and A-3 are at 9th and 5th floor respectively
Slide 44: Project Status – Aarohi & Anmol
PROJECT STATUS – AAROHI & ANMOL Aarohi, Kalyan-Shil Road Anmol, Badlapur (D Block) RCCwork up to 14th slab and finishing work till 10th Finishing work in progress floor is in progress 44
Slide 45: Project Status – Anchal (Jodhpur)
PROJECT STATUS – ANCHAL (JODHPUR) A1 to A4, B1 to B7, C1 to C3, D1 to D5 – Construction work nearing completion for all buildings 45
Slide 46: Project Status – Anchal (Jodhpur)
PROJECT STATUS – ANCHAL (JODHPUR) 46
Slide 47: Project Status – Adita (Jodhpur)
PROJECT STATUS – ADITA (JODHPUR) RCCcivil works completed and about 75% of the finishing work is completed till date 47
Slide 48: Thank you!
Thank you! For further Information please contact: Abhishek Shukla Chief Strategy Officer Tel: +91 22 6249 3333 Cell: +91 9619195775 Email: abhishek.shukla@asl.net.in Corporate Office: Arihant Aura, Floor No. 25, B wing, Plot no 13/1, TTC Industrial Area, Thane Belapur Road, Turbhe, Navi Mumbai – 40
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