Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Investor Presentation (July 2017)
38 slides from Ashiana Housing's investor presentation, July 2017
Slide 1: Corporate Presentation July 2017
Corporate Presentation July, 2017 BSE: 523716 | NSE: ASHIANA | Bloomberg: ASFI:IN| Reuters: AHFN.NS www.ashianahousing.com © 2014, Ashiana Housing Limited. All Rights Reserved.
Slide 2: Contents
Contents 01 Company Overview 02 Recent Updates 03 Operational Overview 04 Projects 05 Financial Overview 2
Slide 3: Company Overview
Company Overview 01 Company Overview Executive Summary Milestones Promoters Strengths & Opportunities 3
Slide 4: Executive Summary
Executive Summary Incorporation / 1979 in Patna, New Delhi Headquarters Industry Real Estate with focus on residential apartments Business Segments Comfort Homes & Senior Living Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, South of Areas of Operation Gurgaon(Sohna), Lavasa, Halol, Chennai and Kol
Slide 5: Milestones
Milestones 1979 2004 2014 • Established in Patna. First • Launched Senior Living project • Started Halol operations organized developer in Patna. at Bhiwadi • Acquired land in South of Gurgaon (Sohna) and in Chennai 1985 2006 • Started operations in • Started Jaipur operations Jamshedpur. 2015 2007
Slide 6: Promoters
Promoters Vishal Gupta (Managing Director) A graduate from Sydenham College (Mumbai) and an MBA from FORE School of Management (Delhi), he is acknowledged for his in depth understanding of the real estate business, customer psychology and market behavior. He is actively involved in finance, human re
Slide 7: Strengths & Opportunities
Strengths & Opportunities • Timely delivery Execution • In-house construction – Ensure high control over cost and quality and flexibility in execution • Cash & Cash equivalent way higher than debt Strong Balance • Raised capital of Rs. 200 Cr to pursue growth opportunities, further Sheet strengthen
Slide 8: Recent Updates: Recent Legislative Highlights
Recent Updates 02 Recent Legislative Highlights RERA, 2016 GST 8
Slide 9: RERA- The Game Changer
RERA- The Game Changer •Bring back customer confidence and much needed transparency in the Real Estate Sector •Stringent provisions like prioritised usage of customer advances for the project, registration before any sort of advertisement, timely delivery and more accountability for builders •It wou
Slide 10: GST
GST •One of the most important tax reforms in Independent India •Improvement in GDP in the long run leading to boost in Real Estate demand as well •Single market with ease of doing business, easy compliance, wider tax base and improvement in productivity. •More clarity and convenience for the buyer
Slide 11: Operational Overview
Operational Overview 03 Operational Overview Highlights FY17 Key Metrics Yearly and Quarterly Performance 11
Slide 12: Operational Highlights – FY17
Operational Highlights – FY17 ▪Yearly booking area declined to 6.96 (FY17) vs 8.63 (FY16), a decline of 19%. Overall slowdown in sales continued. ▪ Yearly area constructed declined to 17.39 (FY17) vs. 23.44 (FY16), a decline of 25%. Construction has been in line with our committed timelines. ▪Focus
Slide 13: Key Metrics
Key Metrics In Lakhs Sq Ft In Lakhs Sq Ft 25 22.8 23.44 25 22.13 20 17.87 17.39 18.65 20 18.12 15 15 12.27 10 10 8.63 6.96 5 5 0 0 12-13 13-14 14-15 15-16 16-17 12-13 13-14 14-15 15-16 16-17 Equivalent Area Constructed Area Booked Rs Per Sq Ft In Rs Crores 3,500 3,293 3,234 700 648 2,926 3,022 3,000
Slide 14: Quarterly Operational Data
Quarterly Operational Data Particulars Unit Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Equivalent Area Constructed* Lakhs Sq. ft. 3.95 4.40 4.66 4.38 Area Booked Lakhs Sq. ft. 2.41 2.11 1.39 1.05 Value of Area Booked INR Lakhs 7,937 6,742 4,579 3,251 Average Realizations INR/ Sq. ft. 3,293 3,195 3,294 3,096 *E
Slide 15: Quarter-wise Performance
Quarter-wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Area Delivered & Value of Area Equivalent Area Particulars Area Booked Recognised for Booked Constructed* Revenue AHL 148.84 4.45 14.01 11.68 FY 17 Partnership 76.25 2.51 3.39 5.97 Total 225.08 6.96 17.39 17.65 AHL 21.60 0
Slide 16: Quarterly Sales Trend
Quarterly Sales Trend Area in Sq. ft. Project Location FY17 Q1 FY17 Q2 FY17 Q3 FY17 Q4 Ashiana Housing Limited Ashiana Aangan Neemrana 1,450 - - - Ashiana Aangan Plaza Neemrana 251 (1,450) - Ashiana Anantara Jamshedpur 7,815 1,180 11,940 - Ashiana Anmol South of Gurgaon (Sohna) 14,530 8,190 7,745 7,
Slide 17: Saleable Area of Ongoing Projects
Saleable Area of Ongoing Projects Chart Title • Target market is middle income 2% 4% 3% group in towns and cities with 24% population of more than 10 lakhs and in upcoming industrial areas 7% • People over 55 years of age in 43% middle income cities who are in magnets or satellites of metros 17% for
Slide 18: Projects
Projects 04 Projects Ongoing Projects Future Projects Land available for Future Development 18
Slide 19: Ongoing Projects
Ongoing Projects Lakhs Sq. ft. Lakhs Sq. ft. Expected Location Project Phase Economic Interest Project Type Saleable Area Area Booked Completion Time Bhiwadi Surbhi 2 100% Comfort Homes 1.30 0.83 FY 18 Bhiwadi Tarang 1 100% Comfort Homes 2.28 1.49 FY19 Bhiwadi Nirmay 1 100% Senior Living 2.18 1.24 F
Slide 20: Key Project Details – Ashiana Umang
Key Project Details – Ashiana Umang Particulars Project Ashiana Umang Location Jaipur Comfort Homes (Stilt + 12 floors with 2/3 Project Type BHK units) Economic 100% ownership of AHL Interest Saleable Area 12.42 Lakhs Sq. ft 5.86 Lakhs Sq. ft Area Launched Area Booked 4.08 Lakhs Sq. ft. Phases 4 Exp
Slide 21: Key Project Details – Ashiana Tarang
Key Project Details – Ashiana Tarang Location Bhiwadi Project Type Comfort Homes (2/3 BHK units) Saleable Area 12.13 Lakhs Sq. ft Area Launched 2.28 Lakhs Sq. ft. Economic 100% Area Booked 1.49 Lakhs Sq. ft. Interest Phases 4 Expected Completion Date Phase I in FY 18 Launch Basic Rs. 2,550-2,650 Cur
Slide 22: Key Project Details – Ashiana Anmol
Key Project Details – Ashiana Anmol South of Gurgaon Comfort Homes (2/3 BHK units) Location Project Type (Sohna) Area Launched 4.16 Lakhs Sq. ft. Saleable Area 11.50 Lakhs Sq. ft Economic Interest 65% of revenue share Area Booked 1.47 Lakhs Sq. ft. Phase I in FY19 Phases 3 Expected Completion Date L
Slide 23: Key Project Details – Vrinda Gardens
Key Project Details – Vrinda Gardens Comfort Homes (Stilt + 12 floors Location Jaipur Project Type with 2/3 BHK units) Area Launched 2.65 Lakhs Sq. ft. Saleable Area 15.09 Lakhs Sq. ft Economic Interest 50% of profit share Area Booked 1.65 Lakhs Sq. ft. Phase II & Phase III in FY18 Phases 5 Expected
Slide 24: Key Project Details – Gulmohar Gardens
Key Project Details – Gulmohar Gardens Comfort Homes( 2 BHK Flats/ 3&4 Location Jaipur Project Type BHK Villas) Area Launched 2.10 Lakhs Sq. ft. Saleable Area 11.25 Lakhs Sq. ft Economic Interest 50% of profit share Area Booked 1.47 Lakhs Sq. ft. Phase V & VII in FY19 Phases 8 Expected Completion Da
Slide 25: Key Project Details – Ashiana Shubham
Key Project Details – Ashiana Shubham Senior Living( 1/2/3 BHK Location Chennai Project Type apartments) Area Launched 1.63 Lakhs Sq. ft. Saleable Area 9.69 Lakhs Sq. ft Economic Interest 73.75% of revenue share Area Booked 0.80 Lakhs Sq. ft. Phase I in FY18 Phases 5 Expected Completion Date Launch
Slide 26: Future Projects
Future Projects Lakhs Sq. ft. Lakhs Sq. ft. Location Project Phase Economic Interest Project Type Saleable Area Area Booked Bhiwadi Ashiana Town - Gamma 1 100% Comfort Homes 18.45 - Bhiwadi Tarang 2, 3 & 4 100% Comfort Homes 9.32 - Bhiwadi Nirmay 2&3 100% Senior Living 5.68 - Chennai Shubham 2, 3, 4
Slide 27: Land available for Future Development
Land available for Future Development Acres Lakhs Sq. ft. Estimated Saleable Location Land Estimated Land Area Proposed Development Area Bhiwadi Milakpur Land 40.63 31.00 Comfort Homes/ Senior Living Jaipur New Land, Ajmer Road 8.84 9.00 Comfort Homes/ Senior Living Kolkata Uttarpara 19.72 14.88 Com
Slide 28: Financial Overview
Financial Overview 05 Financials Highlights Financial Summary Balance Sheet Income Statement & Gross Margin Ongoing Projects Cash Flows Built Unsold Inventory 28
Slide 29: Consolidated Financial Highlights FY17
Consolidated Financial Highlights FY17 ▪First year of adoption of Ind AS with transition date as 1st April,2015 ▪Revenue recognized from completed projects of INR 323.47 Crores (FY17) vs INR 458.42 Crores (FY16). Lower Revenue due to lower deliveries. ▪Total Comprehensive Income of INR 72.77 crores
Slide 30: Financial Summary (Consolidated)
Financial Summary (Consolidated) Particulars Unit FY 13 FY 14 FY 15 FY 16 FY 17 INR Sales and Other Income 161.42 122.80 164.44 542.67 397.02 Crores INR Operating Expenditure 113.75 90.91 105.42 385.47 291.00 Crores INR EBITDA 47.67 31.89 59.02 157.20 106.02 Crores INR Profit After Tax 33.15 21.86 4
Slide 31: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) Particulars (Rs. Crore) 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 Share Capital 18.6 18.6 18.6 20.5 20.5 20.5 Reserve & Surplus 221 249.5 265.9 502.3 630.1 702.2 Net Worth 239.6 268.1 284.5 522.8 650.5 722.7 Long Term Debt 10.6 11.1 9.1 32.9 57.3 78.1 Gross Fixed A
Slide 32: Statement of Operating Results (FY17)
Statement of Operating Results (FY17) Particulars Area Sales Cost of Gross Profit Amount ( Rs. recognized as (Rs. in Lakhs) Good Sold (GP) in Lakhs) Sales (in Lakhs (Rs. in ( Rs. in Rs. Sq. ft.) Lakhs) Lakhs) Revenue from Real Estate and Support Completed Projects Operations 11.67 32,347 19,575 12,7
Slide 33: Cash Flow Position in Ongoing Projects
Cash Flow Position in Ongoing Projects Lakhs Sq. ft. Lakhs Sq. ft. INR Crores INR Crores Lakhs Sq. ft. Equivalent Saleable Sale Value of Amount Entity Area Booked Area Area Area Booked Received Constructed Ashiana Housing Limited 19.59 10.80 355.01 249.80 11.75 Partnership 4.75 3.12 95.51 64.14 3.19
Slide 34: Cash Flow Position in Ongoing Projects
Cash Flow Position in Ongoing Projects Lakhs Sq. ft. Lakhs Sq. ft. INR Crores INR Crores Lakhs Sq. ft. Equivalent Saleable Sale Value of Amount Location Project Phases Area Booked Area Area Area Booked Received Constructed Ashiana Housing Limited Bhiwadi Surbhi 2 1.30 0.83 23.25 8.62 0.49 Bhiwadi Ta
Slide 35: Completed Projects having Inventory
Completed Projects having Inventory Lakhs Sq. ft. Lakhs Sq. ft. Area Unsold/ Location Project Phase Economic Interest Project Type Saleable Area Unbooked Bhiwadi THR 1 & Plaza 100% Comfort Homes 1.28 0.57 Bhiwadi Ashiana Town - Beta 1, 2 & 3 100% Comfort Homes 15.33 5.33 Bhiwadi Utsav - Bhiwadi 2, 3
Slide 36: Completed Projects having Booked and Unrecognized Area
Completed Projects having Booked and Unrecognized Area Area in sq. ft. Area Booked Total Saleable Area Recognised and Location Project Phase Booked Area Unbooked Area Area for Revenue Unrecognised for Revenue Bhiwadi THR 1 & Plaza 128,354 71,295 71,295 - 57,059 Bhiwadi A-Town Beta 1, 2 & 3 1,532,720
Slide 37: Way Forward
Way Forward ❖Adaptation to the changing regulatory and legislative landscape after introduction of RERA and GST ❖Continued Focus on liquidation of built unsold inventory ❖Optimal cash flow management ❖ Impetus on improving occupancy in our projects ❖Gear up for 1st phase handover in Ashiana Shubham
Slide 38: Contact Information
Contact Information For Any Queries, Contact Ashiana Housing E: investorrelations@ashianahousing.com T: +91 11 4265 4265 39