Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Q3 FY2024 Earnings Presentation
36 slides from Ashiana Housing's earnings presentation, Feb 13, 2024
Slide 1: Submission of Investor Update to stock exchanges
Date: 13th February 2024 To To The Secretary The Secretary BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Plot no. C/1, G Block Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai - 400 001 Mumbai - 400 051 Security Code No.: 523716 NSE Symbol: ASHIANA Sub
Slide 2: Investor Update Dec 2023
Investor Update Dec 2023 BHIWADI | GURUGRAM | PUNE | CHENNAI | JAIPUR | JAMSHEDPUR | JODHPUR | HALOL | NEEMRANA MUMBAI | NEW DELHI | BENGALURU | AUSTRALIA | SINGAPORE BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.N S | WWW.ASHIANAHOUSING.COM © 2020, ASHIANA HOUSING LIMITED. ALL RIGH
Slide 3: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "p
Slide 4: Glossary
Glossary Saleable Area Total saleable area of the entire project corresponding to 100% economic interest of all parties Projects in respect of which (i) all title, development rights or other interest in the land is held either directly by our Company and/or our Subsidiaries and/or other entities in
Slide 5: Contents
Contents 01 Highlights and Overview 02 Ongoing Projects 03 Financials 04 Future Outlook 05 Annexures © Ashiana Housing Limited, All Rights Reserved. 4
Slide 6: Highlights and Overview
Highlights and Overview 01 Highlights 02 Operational Overview 03 Financial Overview 04 Quarterly Performance 05 Cash Flow Position © Ashiana Housing Limited, All Rights Reserved. 5
Slide 7: Q3FY24 Highlights
Q3FY24 Highlights ▪ Second phase of Ashiana Malhar(Pune) and Tarang Phase 5 (Bhiwadi) launched in Nov-23 ▪ Handover commenced in Umang (Phase 5) Jaipur and Nirmay (Phase 4) Bhiwadi. ▪ Value of Area Booked recorded at 173.89 Crores (Q3FY24) vs Rs 325.60 Crores (Q2FY24). In Q3 FY24, we had limited inv
Slide 8: 9MFY24 Highlights
9MFY24 Highlights ▪ Launches during the year: ✓ Amarah Phase 2 in Gurugram in April and the entire stock sold out on launch ✓ 7th Senior Living project of Ashiana at Talegaon, Pune by the name Ashiana Amodh in Jul 23. ✓ Second phase of Ashiana Prakriti in Jamshedpur and last phase of Shubham also la
Slide 9: Quarterly Operational Overview
Quarterly Operational Overview ▪ Area booked was 3.35 lakh sq ft in Q3FY24 vs 5.92 lakh sq ft in Q2FY24. ▪ EAC was 4.77 Lakh sq ft in Q3FY24 vs 4.59 Lakh sq ft in Q2FY24 Note : * Equivalent Area Constructed (EAC) excludes EWS/LIG area as it is not a business activity of the company. © Ashiana Housin
Slide 10: Quarterly Financial Overview
Quarterly Financial Overview Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 Q3FY23 Q2FY24 Q3FY24 27.80 75.29 27.35 351.02 53.83 189.25 35.59 135.31 9.05 Profit/(Loss) After Tax * Pre - Tax Operating Cash Flows Sales and Other Income ▪ Sales and Other income was recorded at Rs 189.25 Crores in Q3FY24 vis
Slide 11: Quarter wise Performance
Quarter wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Area Delivered & Period Entity Equivalent Area Value of Area Booked Area Booked Recognized for Constructed* Revenue AHL 168.99 3.25 4.65 4.50 Q3FY24 Partnership 4.89 0.10 0.12 0.12 Total 173.89 3.35 4.77 4.62 AHL 317.60 5.
Slide 12: Quarterly Sales Trend
Quarterly Sales Trend (Area in Sq. Ft. ) Location Projects Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 AHL Neemrana Aangan Neemrana - 1,450 - -460 Gurugram Anmol 58,126 1,04,384 1,81,226 1,28,714 69,121 59,177 37,964 6,679 Gurugram Amarah - - 3,95,360 - 3,76,880 - - Bhiwadi Tarang 5,873
Slide 13: Project wise Cash Flow Position in Ongoing Projects
Project wise Cash Flow Position in Ongoing Projects Sale Value of Amount Equivalent Area Saleable Area Area Booked Location Projects Phase Area Booked Received Constructed (Lakhs sq ft) (Lakhs sq ft) (INR Crores) (INR Crores) (Lakhs sq ft) Bhiwadi Tarang Phase 4A 0.65 0.62 26.46 13.67 0.35 Bhiwadi T
Slide 14: Ongoing Projects
Ongoing Projects 01 Geographical Presence 02 Ongoing Projects Summary 03 Break up of Area Booked Operational data - Yearly 04 - Quarterly © Ashiana Housing Limited, All Rights Reserved. 13
Slide 15: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects Bhiwadi Pune 11% 15% Chennai Jodhpur 9% 6% Jamshedpur 12% Gurgaon 26% Jaipur 21% © Ashiana Housing Limited, All Rights Reserved. 14
Slide 16: Ongoing Projects Summary – Expected Completion Timeline
Ongoing Projects Summary – Expected Completion Timeline Saleable Area Possession Expected Location Projects Phase Type Economic Interest Area Booked Timeline as per Customer (Lakhs sq ft) (Lakhs sq ft) RERA Handover Date Bhiwadi Tarang Phase 4A Premium Homes 100% Ownership 0.65 0.62 Q3FY26 Q2FY25 Bh
Slide 17: Year wise Deliveries
Saleable Sale Value of Unsold Expected Year Location Projects Phase Area Area Booked Area Customer Status (Lakhs sq ft) (INR Crores) (Lakhs sq ft) Handover Date Bhiwadi Tarang Phase 3 1.14 36.99 0.01 Q2FY24 Handover Started Bhiwadi Nirmay Phase 4 2.08 71.24 0.22 Q3FY24 Handover Started Jaipur Amantr
Slide 18: Break Up of Area Booked (QoQ)
Break Up of Area Booked (QoQ) Pune Bhiwadi Bhiwadi 16% 13% Jodhpur Pune 24% 2% Gurugram, 30% 7% Chennai Jodhpur Chennai Jamshedpur 13% 4% 8% 21% Q2FY24 Jamshedpur Jaipur Gurgaon 2% Jaipur 28% 2% 30% Q3FY24 Jodhpur Pune 1% 3% Pune Bhiwadi 5% 8% Bhiwadi Gurugram 7% Jaipur 8% 12% Jamshedpur Chennai 31%
Slide 19: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 Equivalent Area Constructed* Lakhs Sq. ft. 22.8 23.44 17.39 8.16 7.68 9.85 11.66 16.20 16.73 Area Booked Lakhs Sq. ft. 18.12 8.63 6.96 6.93 10.79 19.82 14.97 14.76 25.86 Value of Area Booked INR Lakhs 54,7
Slide 20: Quarterly Operational Data
Quarterly Operational Data Particulars Unit Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Equivalent Area Constructed* Lakhs Sq. ft. 4.50 3.73 5.07 3.85 4.38 3.42 5.08 4.35 4.59 4.77 Area Booked Lakhs Sq. ft. 4.51 4.21 4.53 3.34 4.90 9.03 8.59 6.53 5.92 3.35 Value of Area Boo
Slide 21: Financials
Financials 01 Financial Summary YoY 02 Financial Summary QoQ © Ashiana Housing Limited, All Rights Reserved. 20
Slide 22: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Particulars Unit FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 Sales and Other Income INR Crores 397.02 334.92 350.63 317.55 259.31 233.59 425.19 Operating Expenditure INR Crores 291.00 266.92 303.37 316.84 241.11 230.71 379.41 EBITDA INR Crores 106.02 68.00 47.26 0.
Slide 23: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Sales and Other Income INR Crores 54.19 78.28 81.22 91.72 135.31 116.94 129.29 351.02 189.25 Operating Expenditure INR Crores 55.08 68.19 65.24 91.63 119.67 102.88 113.33 312.76 151.7
Slide 24: Future Outlook
Future Outlook 01 Future Projects Summary Land available for Future 02 Development Completed Projects having 03 Inventory © Ashiana Housing Limited, All Rights Reserved. 23
Slide 25: Future Projects Summary
Future Projects Summary Saleable Area Location Project Phase Economic Interest (Lakhs Sq. ft.) Bhiwadi Tarang 5b & 6, 7 and 8 100% Ownership 4.95 Bhiwadi Advik 2,3,4 & 5 100% Ownership 10.57 Jaipur Ekansh 3&4 77.25% Revenue Share 4.88 Jaipur Nitara All 80.20% Revenue Share 6.50 Jaipur One 44 All 77.
Slide 26: Land available for Future Development
Land available for Future Development Estimated Area Estimated Saleable Area Location Land/ Project Name Proposed Development (Acres) (Lakhs Sq. ft) Bhiwadi Milakpur 40.63 31.00 Premium Homes*/ Senior Living Gurugram Sec 80, HSIIDC Land 10.80 10.30 Premium Homes/ Kid Centric Homes Jaipur New Land Ja
Slide 27: Completed Projects having Inventory
Completed Projects having Inventory Saleable Area Booked Area Unbooked Area Location Projects Phase Share in Project Type (Lakhs sq ft) (Lakhs sq ft) (Lakhs sq ft) Bhiwadi Ashiana Town 1, 2, & 3 100% Ownership Kid Centric Homes 15.33 13.89 1.44 Bhiwadi Surbhi 1-5 & Plaza 100% Ownership Premium Homes
Slide 28: Shareholding Pattern as on 31st Dec 2023
Shareholding Pattern as on 31st Dec 2023 Shareholding Pattern Institutional Holding above 1% Others 23.32% Rank Fund / Institution No. of Shares % Holding 1 India Capital Fund Limited 74,80,400 7.44% 2 SBI Contra Fund 67,60,746 6.73% FII & FPI Investor Education And 8.24% Promoter & 3 Protection Fun
Slide 29: For Any Queries, Contact
investorrelations@ashianahousing.com For Any Queries, Contact +91 11 4265 4265 Regd. Office: 11G Everest, 46/C, Chowringhee Road, Kolkata - 700 071. West Bengal, India. Ph: 033-4037860 Head Office: 304, Southern Park, Saket District Centre, Saket, New Delhi – 110017 Ph : 011-4265 4265 © 2020 Ashiana
Slide 30: Annexure
Annexure 01 About Ashiana 02 Business Model 03 Accolades 04 Abbreviations © Ashiana Housing Limited, All Rights Reserved. 29
Slide 31: About Ashiana
About Ashiana Incorporation / 1979 in Patna, New Delhi Headquarters Industry Real Estate with focus on residential apartments Business Premium Homes, Senior Living & Kid Centric Homes Segments Areas of Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, Operation Gurugram, Lavasa, Halol and Chennai 282.
Slide 32: Business Model
Business Model In house end-to-end construction capabilities – Ensure higher control over cost and quality High quality in-house and flexibility in execution construction Focus on use of high quality and efficient construction methodologies & techniques to help reduce time and cost Instead of broker
Slide 33: Accolades
Accolades Awards & Recognitions 2010 2011 2012 2013 2014 2015 • Rated by FORBES’ among • Ashiana Aangan, • Received Bhamashah award • Awarded as Realty Giants • CNBC Awaaz • Ashiana Aangan Bhiwadi Asia's 200 Best Under a Bhiwadi awarded as for Contribution made in the North India by Realty Kings fel
Slide 34: Abbreviations
Abbreviations Sq. ft.: Square Feet EAC: Equivalent Area Constructed PAT : Profit after Tax EBITDA: Earning before Interest, Tax, Depreciation and Amortization TCI: Total Comprehensive Income © Ashiana Housing Limited, All Rights Reserved. 33
Slide 35: Glossary
Glossary Saleable Area Total saleable area of the entire project corresponding to 100% economic interest of all parties Projects in respect of which (i) all title, development rights or other interest in the land is held either directly by our Company and/or our Subsidiaries and/or other entities in
Slide 36: Safe Harbor
Safe Harbor Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "p