Sunteck Realty Limited · NSE:SUNTECK
Sunteck Realty — Q2 FY2021 Earnings Presentation
38 slides from Sunteck Realty's earnings presentation, Nov 17, 2020
Slide 1: Exchange filing cover letter
Sunteck Realty Ltd. Sunteck 52 SRL/SE/_/20-21 Date: 17th November, 2020 The Manager, Listing Department The Secretary, Listing Department, National Stock Exchange of India Ltd Department of Corporate Services Exchange Plaza, BSE Limited Plot no. C/1, G Block, Phiroze Jeejeebh,oy Tower, Bandra-Kurla
Slide 2: Results Presentation 2nd Quarter, FY2021
Results Presentation 2nd Quarter, FY2021 NSE: SUNTECK | BSE: 512179 | Bloomberg: SRIN: IN | Reuters: SUNT.NS / SUNT.BO
Slide 3: Disclaimer
DISCLAIMER By attending the meeting where this presentation is made and any additional material is provided (“Presentation”) or by reading the Presentation, you (“Recipient”), agree to be bound by the following limitations. This Presentation has been prepared on the basis of the estimates of the man
Slide 4: Agenda
AGENDA 1. Company Overview 2. Operational Highlights 3. Financial Highlights 4. Annexures 3
Slide 5: Company Overview
COMPANY OVERVIEW • One of the fastest growing Mumbai-based premium real estate development company • Focused on a city-centric development portfolio of ~38 million sq. ft. spread across 27 projects* • Successfully delivered projects worth >USD 1 billion • One of the strongest balance sheets in real
Slide 6: Key Strengths
Company Overview KEY STRENGTHS • Efficient RoE Model in capital intensive MMR Asset Light Strategy • JV / JDA Model preferred Balance Sheet Strength • Optimal leverage and cost of borrowing BalanceResearch Sheet based Strength Acquisition • Fiscal discipline through prudent cash flow management Stra
Slide 7: Sunteck Brand Portfolio
Company Overview SUNTECK BRAND PORTFOLIO 6
Slide 8: Awards and Recognitions
Company Overview AWARDS AND RECOGNITIONS 7
Slide 9: Shareholding Pattern
Company Overview SHAREHOLDING PATTERN Other Public Shareholders 5% Promoter and Promoter Group 67% Institutional Investors (Foreign & Domestic) 28% Note: Shareholding as of 30th September 2020 No shares held by the Promoter and Promoter Group have been pledged 8
Slide 10: Key Business Updates – Sales Insights
Operational Highlights KEY BUSINESS UPDATES – SALES INSIGHTS Accelerated demand in Ready To Move-In & nearing completion inventory Signia High, Borivali witnessed pre-sales of 30 units worth ~INR 112 cr in Q2 FY21 Ramp up in collections from pre-sales of FY20 and of H1FY21 Q-o-Q Collections
Slide 11: Key Business Updates - Others
Operational Highlights KEY BUSINESS UPDATES - OTHERS Occupation Certificate received for Avenue 1, Sunteck City Execution momentum approaching pre-COVID levels; work in full swing at Sunteck City 4th Avenue & Sunteck MaxxWorld Credit rating assigned by ICRA Long-term : AA- / Stable; Short-te
Slide 12: Vasind Acquisition – Expanding 'World' Footprint
Operational Highlights VASIND ACQUISITION – EXPANDING ‘WORLD’ FOOTPRINT • Acquisition under our asset-light strategy in upcoming location of Vasind • Minimal upfront capital commitment • Residential development of ~2.6 million square feet SBUA, strategically located along a national highway • Well e
Slide 13: Q2 FY21 Operational & Financial Results
Q2 FY21 Operational & Financial Results 12
Slide 14: Robust Operational Performance
Operational Highlights ROBUST OPERATIONAL PERFORMANCE Operational Data Q2FY21 Q1FY21 QoQ % Q2FY20 YoY % H1FY21 H1FY20 YoY % Pre-sales (new bookings) 2,000 1,012 98% 1,016 96% 3,012 2,874 5% Collections 1,410 651 117% 1,854 (24%) 2,061 3,746 (45%) All figures are in Rs. Million Q2 FY21 MIX PRE-SALES
Slide 15: Operational Performance – Q2 FY21
Operational Highlights OPERATIONAL PERFORMANCE – Q2 FY21 Q2 FY21 Performance S.No. Project Name Sales Collections Area Sold Units Sold Rs Mn Rs Mn Sq Ft Nos 1 ODC Projects 530 305 0.42 27 2 Naigaon Projects* 320 409 0.53 68 3 Signia High 1,120 236 0.89 30 4 Others 30 460 0.02 2 Total 2,000 1,410 1.8
Slide 16: Operational Performance – H1 FY21
Operational Highlights OPERATIONAL PERFORMANCE – H1 FY21 H1 FY21 Performance S.No. Project Name Sales Collections Area Sold Units Sold Rs Mn Rs Mn Sq Ft Nos 1 ODC Projects 939 596 0.70 48 2 Naigaon Project* 805 759 1.48 191 3 Signia High 1,120 236 0.89 30 4 Others 150 470 0.11 9 Total 3,012 2,061 3.
Slide 17: P&L (Consolidated)
Financial Highlights P&L (CONSOLIDATED) Particulars Q2FY21* Q1FY21 QoQ % Q2FY20 YoY % H1FY21 H1FY20 YoY% Revenue from Operations 1,427 534 167% 1,317 8% 1,961 3,055 (36%) EBITDA 310 129 140% 454 (32%) 439 1,103 (60%) Operating Margin 22% 24% 34% 22% 36% Net Profit 139 (31) - 276 (50%) 108 611 (82%)
Slide 18: Balance Sheet (Consolidated)
Financial Highlights BALANCE SHEET (CONSOLIDATED) Liabilities H1 FY 21 FY 20 Assets H1 FY 21 FY 20 Shareholders Funds 28,253 28,319 Trade Receivables 3,940 3,553 Minority Interest - - Inventories 26,421 26,886 Secured Loans 7,637 7,884 Loans & Advances 1,012 1,059 Unsecured Loans 1,316 1,333 Cash &
Slide 19: Amongst the Strongest Balance Sheet
Financial Highlights AMONGST THE STRONGEST BALANCE SHEET Particulars H1 FY21 FY20 Secured Debt 7,637 7,884 Cash & Bank Balance 993 1,662 Net Secured Debt 6,644 6,222 Unsecured Debt 397 414 Net Debt 7,041 6,636 Net Worth 28,253 28,319 Net Debt / Equity 0.25 0.23 Quasi-Equity* 919 919 Adjusted Net Deb
Slide 20: Cash Flow Statement
Financial Highlights CASH FLOW STATEMENT Particulars Q2 FY21 Net Cash Flow - Operating Activities (69) Net Cash Flow - Investing Activities 191 Net Cash Flow - Financing Activities (655) Net Cash Flow - Total (533) Cash and Cash equivalents at the beginning of the Year 832 Cash and cash equivalents
Slide 21: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 22: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 23: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 24: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 25: Avenue 1
Annexures Completed Projects Under Construction Projects AVENUE 1
Slide 26: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 27: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 28: Commercial Projects
Annexures Completed Projects Under Construction Projects SUNTECK KANAKA CORPORATE PARK, GOA COMMERCIAL PROJECTS SUNTECK CENTRE, VILE PARLE SUNTECK GRANDEUR, ANDHERI
Slide 29: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 30: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 31: Avenue 2
Annexures Completed Projects Under Construction Projects AVENUE 2
Slide 32: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 33: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 34: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 35: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 36: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 37: Completed Projects / Under Construction Projects
Annexures Completed Projects Under Construction Projects
Slide 38: Thank You!
Thank You! Corporate Office 5th Floor, Sunteck Centre, 37-40 Subhash Road, Vile Parle (East), Mumbai – 400057 Tel: +91-22-42877800 Email: ir@sunteckindia.com 37