Signatureglobal (india) Limited · NSE:SIGNATURE
Signatureglobal (india) — 9M FY25 Earnings Presentation
37 slides from Signatureglobal (india)'s earnings presentation, Feb 10, 2025
Slide 1: Cover letter to stock exchanges
Date: 10th February, 2025 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 Da
Slide 2: Signature Global 9M'FY25 Investor Presentation
SIGNATURE GLOBAL 9M’FY25 INVESTOR PRESENTATION February 2025
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: Favorable Macro Environment
Favorable Macro Environment Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 3
Slide 5: Positive amendments in the recent budget to improve housing affordability
Positive amendments in the recent budget to improve housing affordability Income outpaces property, boosting affordability in Affordability boosts savings, fueling real estate demand 2.5 decades 50.0 49.6 47.4 40.0 45.1 CAGR 11% Rs. '000 Billion 38.4 38.5 30.0 34.8 33.0 29.7 27.9 20.0 24.4 24.7 22.9
Slide 6: RBI rate cut post May 2020 strengthens demand for mid-income housing
RBI rate cut post May 2020 strengthens demand for mid-income housing RBI rate cut by 25 basis points post May 2020 The expansion of residential lending in India is expected to continue… 11.00% 10.25% Outstanding housing credit by commercial banks, India 9.50% 9.00% 30,000 18.00% 25,000 15.00% 9.00%
Slide 7: Operating Highlights
Favorable Macro Environment Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 6
Slide 8: The Company sold >3,500 units at an average ticket size of INR 25.0 Mn
The Company sold >3,500 units at an average ticket size of INR 25.0 Mn during 9M’FY25 Sales in Rs. Bn • INR 27.7 bn in Q3’FY25 vs INR 12.6 bn in Q3’FY24, registering 120% growth; 100 86.7 72.7 • INR 86.7 bn in 9M’FY25 vs INR 31.2 bn in 9M’FY24, registering 178% growth; Strong Sales • During 9M’FY25,
Slide 9: Portfolio addition of ~2.9 Mn sqft during the 9M'FY25 in focus micro markets
Portfolio addition of ~2.9 Mn sqft during the 9M’FY25 in focus micro markets 40 32.1 • Achieved an Operating Cash Surplus before Investment in Land of INR 12.1 30 Operating bn in 9M’FY25; 21.0 20 Cashflow before 12.1 • Operating cash surplus of c. 38% of collections during 9M’FY25 (36% in 10 7.6 Inv
Slide 10: FY25 annual guidance
FY25 annual guidance Launches1 Pre-Sales INR Bn INR Bn 160 160 160 135 120 120 100 87 80 73 80 42 40 40 0 0 FY24A FY25E 9M'FY25A FY24A FY25E 9M'FY25A The company has witnessed a strong New launches were made across various price subscription rate on the project launches. . points in key micro market
Slide 11: 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 12: Strategy & Portfolio
Favorable Macro Environment Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 11
Slide 13: 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 2) Sohna Elevated Corridor 7.0 mn sqft1 Commenced in 2022; Closer to Cybercity and MG Roa
Slide 14: Sustained supply in all major key micro markets
Sustained supply in all major key micro markets Premium Residencial Development Township Development Sector 37D Sector 71 Sector 84 Sohna Corridor Manesar Deluxe - DXP Titanium SPR Twin Tower DXP Daxin City of Colours • 1st Group Housing project, • Stepping up in the premium • Residencies with 45 st
Slide 15: 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 16: 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 Golf Greens – Sector 79, Gurugram Roselia, Sector 95A, Gurugram Serenas, Sohna Grand Iva, Sector 103, Gurugram Prime – Sector 63A, Gurugram
Slide 17: Snapshot of Ongoing Portfolio
Snapshot of Ongoing Portfolio; Aim to be delivered in coming 5-6 Quarters Number of Land Saleable Area1 Sold Area Sold Value Category Category Wise Share of 11.2 mn sqft Ongoing Portfolio1 Projects (in acres) (in mn sqft) (%) (INR bn) Affordable 6 42.4 4.3 97.7% 18.6 Others 3.6% Mid Income - Gurugra
Slide 18: 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 Location Project Land (in acres) Estimated Saleable Area1 Estimated Saleable Area1 (in mn sqft) (in mn sqft) Each focus area has distinct price point thus catering to Hous
Slide 19: Strong Portfolio of ~46 mn sqft across Ongoing and Forthcoming projects
Strong Portfolio of ~46 mn sqft across Ongoing and Forthcoming projects Ongoing projects1 of 11 mn sqft saleable area Forthcoming projects of 21.6 mn sqft saleable area2 Strong project pipeline to result in sustainable growth Mid Affordable Group Plotted Total – Category Income Others Housing Housin
Slide 20: Strong sales momentum
Strong sales momentum Sales surged at 62% CAGR (FY21-FY24), with trailing 12 months pre-sales Sales growth of 178% in 9M’FY25 vs 9M’FY24 reaching at INR 128.2 bn INR Bn 86.7 INR Bn 100 86.7 100 10.0 80 72.7 80 6.9 8.0 60 6.0 60 40 31.2 4.0 40 34.3 3.2 25.9 20 2.0 16.9 20 0 0.0 0 9M'FY24 9M'FY25 FY21
Slide 21: Growing collections leading to fast paced construction while maintaining low net debt
Growing collections leading to fast paced construction while maintaining low net debt 54% GROWTH IN Y-o-Y COLLECTIONS Particulars 9M’FY25 (INR Bn) 35 32.1 Collections 32.1 30 25 20.9 Others (GST & other charges) 1.8 20 15 Cash inflow 33.9 10 5 Less : Operating Expenses 0 9M'FY24 9M'FY25 - Constructi
Slide 22: Financial Snapshot
Favorable Macro Environment Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 21
Slide 23: 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 19.8 bn revenue recognized from operations in 9M’FY25 vs INR 5.5 bn in 9M’FY24 Financial • Adjusted EBITDA of INR 2.3 bn (11.61%) for 9M’FY25 vs INR 0.5 Performa
Slide 24: Consolidated PL Snapshot
Consolidated PL Snapshot PL Statement (INR bn) 9M’FY25 9M’FY24 Revenue from real estate properties Adjusted Gross Margin % & Adjusted EBITDA Margin % - Mid- Income Housing 13.4 3.1 - Affordable Housing 5.8 2.1 50% Total Revenue from real estate properties 19.2 5.2 40% Cost of Goods Sold -14.1 -3.6 2
Slide 25: 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 10.00 9.1 7.4 5.6 5.2 6.9 5.00 4.7 2.5 0.00 Mar-21 Mar-22 Mar-23 Mar-24 Dec-24 Net Debt Operating Surplus Comfortable Net Debt position given the cu
Slide 26: Strong performance at the stock exchange since listing
Strong performance at the stock exchange since listing Share price performance – stellar >3x return from offer price of INR 385; Stock Info 52% annual return in CY 2024 1800 NSE SIGNATURE 1600 Equity Shares (mn) 141 1400 1200 1,365 Market Cap (INR Bn) 197 Listing Closing price as 1000 price - 444 on
Slide 27: Company Overview
Favorable Macro Environment Operating Highlights Strategy & Portfolio Financial Snapshot Company Overview 26
Slide 28: 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 29: Track Record of Execution
Track Record of Execution Delivered Housing Projects Totaling to c. 13.5 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 30: … 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 31: 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 Engaged celebrity brand ambassadors for Strong Distribution Network various campaigns Campaign Name Response2 BOAT 56.
Slide 32: 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 33: Leveraging Technology for efficiency & scale
Leveraging Technology for efficiency & scale Digital Integration of all stakeholders Strong emphasis on digital sales Strong Internal Controls Projects being sold through various digital channels Successful integration of software's with the including website since 2014 construction sites to tra
Slide 34: 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.110 mn social media users • Strong in-house direct sales team of 24 members1 and indirect sales team of 1
Slide 35: 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 Ex-director o
Slide 36: 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 37: Thank You
THANK YOU Contact us at investor.relations@signatureglobal.in
SignatureGlobal (India) — 9M FY25 Earnings Presentation on 6ix