Ajmera Realty & Infra India Ltd · NSE:AJMERA
Ajmera Realty & Infra India — Investor Day (December 2023)
36 slides from Ajmera Realty & Infra India's investor day presentation, Dec 8, 2023
Slide 1: Exchange submission cover letter
Ref: SEC/ARIIL/BSE-NSE/2023-24 Date: December 08, 2023 The Bombay Stock Exchange Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers 5th Floor, Exchange Plaza, Dalal Street Bandra Kurla Complex Bandra (East) Mumbai - 400 001 Mumbai - 400051 Script Code: 513349 Script Code: AJM
Slide 2: Corporate Presentation December 2023
Ajmera Realty & Infra India Limited Corporate Presentation December 2023 www.ajmera.com
Slide 3: Disclaimer
DISCLAIMER The information in this presentation contains certain the ability to implement our growth, expansion plans & forward-looking statements. These include statements strategy; fluctuations in currency exchange rates; regarding the intent, plans, objectives, goals, strategies, changes in inter
Slide 4: Ajmera's Group Legacy
Ajmera’s Group Legacy LEGACY DELIVERY COMMUNITY LAND BANK GROWTH 55+ 20.2 46,000+ 11.6 5x Years msf Families msf Strategy Incorporated in Early creators of township in the Possessions handed over Massive landbank potential Poised for 5x growth Year 1968 regions of Mira Road, Andheri, with the suppor
Slide 5: Our Journey
Our Journey 2021 2023 Demonstrating robust Achieved two-fold growth, sustained profits, growth in Sales booking a professional team, and and PAT. a strong pipeline 2013-20 Launched & delivered luxury phase in Bhakti Park, Wadala 1996 Initiation of the Group's most extensive township to date – Bhakti
Slide 6: Our Esteemed Board Of Directors
Our Esteemed Board Of Directors Rajnikant S. Ajmera A. C. Patel Chairman & MD Independent Director • Aged 70, is the pillar and guiding force behind the • Aged 79, is a Metallurgical Engineer from IISC, Bengaluru growth of Ajmera Group. (batch of 1969). • Served as President of CREDAI & CREDAI MCHI
Slide 7: Our Leadership Team
Our Leadership Team Dhaval Ajmera Nitin Bavisi Shweta Rathor Suresh Rawat Director CFO GM Human VP Projects 21+ years of experience 28+ years of experience Resources 21+ years of experience 28+ years of experience Shekar Dhumal Sunil Shah Dhimant Choksi Bhavesh Joshi Naveen Kumar AVP Projects GM Lia
Slide 8: Ajmera Group – The Pin-code Creators
Ajmera Group – The Pin-code Creators Vijay Nagar, ~1,000 units Shanti Nagar, Marol, Andheri East Mira Road Yogi Nagar, Manish Nagar, ~2,000 units Borivali West Andheri West Shastri Nagar, Andheri West Yogi Nagar, Juhu ~4,000 units Borivali West Manish Nagar Ghatkopar Andheri West Shastri Nagar, Vija
Slide 9: Strategic Business Model
Strategic Business Model Residential – 94% Commercial – 6% • Leveraging our fully owned land bank Ajmera Manhattan • The company continues to expand its commercial Greenfield & of 11.6 mn Sq.ft. potential with phased Ajmera Greenfinity AB portfolio through strata sales and lease models, Phase 2 deve
Slide 10: Expanding Horizons
Expanding Horizons FY21 7 500 cr 615 cr 352 cr 100 cr 30 cr 9% 1.17 745 cr GDV of Debt Ongoing PAT Gross projects in Sales Revenue EBITDA Equity Project PAT announced Value Margin Debt Ratio 16* 2750 cr 842 cr 441 cr 134 cr 72 cr 16% 0.97* 786 cr* FY23 * represents numbers as of H1 FY 2024. 09
Slide 11: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Delivered Ajmera Aeon, Ajmera Zeon & Ajmera Treon 10
Slide 12: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Launched Ajmera Sikova during peak covid 11
Slide 13: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Launched Ajmera Greenfinity (Mid Affordable) 12
Slide 14: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Launched Ajmera Manhattan 13
Slide 15: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Launched Ajmera Prive 14
Slide 16: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Ajmera Luganno & Ajmera Florenza (Revamped Sales Strategy) 15
Slide 17: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Codename Vikhroli Land Acquired 16
Slide 18: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Launched Ajmera Eden 17
Slide 19: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Codename Bhandup (Phase 1) Codename Yogi Nagar Codename Versova 18
Slide 20: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Joint Development Agreement signed for Ajmera Iris Located in Electronic City - Phase 2 19
Slide 21: Projects Milestones
Projects Milestones 2019 2020 2021 2022 2023 Over 1,000 possession made in 24 hours; across 3 projects 20
Slide 22: How we are scaling up
Portfolio Expansion How we are scaling up by outperforming business guidance Parameter Existing Future SALES VALUE GROWTH Growing (IN CRORE) 1 msf 2.3 msf portfolio size Expanding 0.8 msf 1.3 msf Launch Pipeline ~1000 cr Maximizing 842 cr INR 1,000 Cr INR 4,000 Cr Sales Inventory 431 cr Geographical
Slide 23: Differentiating factors
Differentiating factors Strategic Asset Light Project TAT Locational Acquisition (within the Advantage (Low scapex sector cycle) Owned Land Faster Execution (De-risking required) Bank portfolio) (Early (Unlocking possessions) potential) 22
Slide 24: 100 Acres Wadala Master Layout
100 Acres Wadala Master Layout 23
Slide 25: Project Sales & Execution Update FY 2024
FY 2024 Project Sales & Execution UPDATE
Slide 26: Projects Bandwith
Projects Bandwith SH: Bhavesh Joshi SH: Bhavesh Joshi SH: Sagar Mehta PH: Suresh Rawat PH: Suresh Rawat PH: Shekhar Dhumal 350+ workforce 250+ workforce 200+ workforce SH: Sagar Mehta SH: Vikramjeet Gill PH: Shekhar Dhumal PH: Santosh Pandit 200+ workforce 150+ workforce SH: Srinivasa PH: Naveen Kum
Slide 27: Fast Track Execution
Fast Track Execution AJMERA AJMERA GREENFINITY SIKOVA Completed in less Completed in less than 36 months than 40 months OC Received Projects 26
Slide 28: Fast Track Execution
Fast Track Execution AJMERA AJMERA GREENFINITY SIKOVA Completed in less Completed in less than 36 months than 40 months OC Received Projects 27
Slide 29: Fast Track Execution
Fast Track Execution AJMERA AJMERA GREENFINITY SIKOVA Completed in less Completed in less than 36 months than 40 months OC Received Projects 28
Slide 30: Decoding Sales Trend
Decoding Sales Trend Manhattan Sales Trend (INR Cr) Sikova Sales Trend (INR Cr) 353 96 82 126 106 84 25 58 46 10 10 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 FY 21 FY 22 FY 23 Q1 FY 24 Q2 FY 24 29
Slide 31: Projects Portfolio Update FY 2024
FY 2024 Projects Portfolio UPDATE
Slide 32: Project Portfolio
Project Portfolio Estimated Total Sales Revenue Revenue Carpet Area Value Of Project Total Carpet Carpet Area Project Ownership Value Recognised Unrecognised Unsold Unsold Status Area (Sq.ft.) Sold (Sq.ft.) (INR Cr) (INR Cr) (INR Cr) (Sq.ft.) Area (INR Cr) Nucleus 70% 98,950 - - - - 98,950 105 Comme
Slide 33: Potential launches
Potential launches Estimated Estimated Estimated Estimated Project Location Ownership % Launch Completion Revenue Carpet Area (Month, Year) (Month, Year) (INR Cr) (Sq.ft.) Codename Bhandup Mumbai 85% Mar’24 Sep’27 320 1,70,000 Codename Vikhroli Mumbai 100% Apr’24 Mar’27 550 2,40,000 Codename Central
Slide 34: Cash flow potential
Cash flow potential Completed & Advanced Total Ongoing Projects Mid Stage Projects Stage Projects (pre-tax & post-debt) (INR Cr) (INR Cr) (INR Cr) Balance collection from sold units 85 772 858 Value of unsold inventory 151 1,066 1,216 Balance Cost to incur (29) (838) 867 Project Debt 28 214 242 Surp
Slide 35: Way Forward
Way Forward Surplus Cash Prudent Robust Sales Potential Debt Flow Target Launches Management generation FY24E Sales 7 projects Estimated Sustaining Debt Target with GDV cash flows Equity Ratio INR ~INR ~INR Below 1,000 cr 2,750 cr 2,100 cr ~1x 34
Slide 36: Thank You
THANK YOU Ajmera Realty & Infra India Limited Contact Info: E-mail: ir@ajmera.com Registered Office: Ajmera Realty & Infra India Ltd , 2nd Floor, Citi Mall, Andheri Link Road, Andheri (West), Mumbai - 400053 Phone: 022 - 6698 4000 Presentation Design by Chimpzlab CIN No.: L27104MH1985PLC035659 Websi
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