Ashiana Housing Limited · NSE:ASHIANA
Ashiana Housing — Q2 FY2020 Earnings Presentation
32 slides from Ashiana Housing's earnings presentation, Sep 30, 2019
Slide 1: Investor Update
Investor Update For the quarter ended 30th September, 2019 BSE: 523716 | NSE: ASHIANA | BLOOMBERG: ASFI:IN| REUTERS: AHFN.N S | WWW.ASHIANAHOUSING.COM © 2018, ASHIANA HOUSING LIMITED. ALL RIGHTS RESERVED.
Slide 2: 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 3: 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 4: Contents
Contents 01 Highlights and Overview 02 Ongoing Projects 03 Financials 04 Future Outlook 05 Annexures © Ashiana Housing Limited, All Rights Reserved. 5
Slide 5: 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. 6
Slide 6: Key Highlights
Key Highlights ▪ Booking at 2.37 Lakhs Sq. ft.(Q2FY20) vs. 3.54 Lakhs Sq. ft (Q1FY20). The bookings were higher at 5.90 Lakhs Sq. ft. (H1FY20) vs. 5.42 Lakhs Sq. ft (H1FY19). We have launched Ashiana Aditya in Jamshedpur in Q3FY20 and Ashiana Daksh, Jaipur has been opened for registrations (Expressi
Slide 7: Quarterly Operational Overview
Quarterly Operational Overview 4.00 3.54 ▪ Area booked lower by 33% compared to previous 3.50 quarter and lower by 9.5% compared to 3.00 corresponding quarter of previous year 2.62 2.50 2.37 ▪ Area Constructed lower by 5% compared to 2.14 previous quarter and increased by 3% compared to 1.97 2.04 2.
Slide 8: Quarterly Financial
Quarterly Financial 80 75 71 70 67 ▪ Pre-Operating Cash Flows of the company 60 positive at INR 3.3 Crores for Q1FY20 vs 50 positive at INR 4.4 Crores for Q1FY20 40 30 20 10 5 4 3 2 0 -10 -6 -10 Pre-Tax Operating Cash Profit/(Loss) After Tax Sales and Other Income Flow Q2 FY19 Q1 FY20 Q2 FY20 © Ashi
Slide 9: Quarter wise Performance
Quarter wise Performance INR Crores Lakhs Sq. ft. Lakhs Sq. ft. Lakhs Sq. ft. Particulars Equivalent Area Area Delivered & Recognized Value of Area Booked Area Booked Constructed* for Revenue AHL 59.93 1.71 1.55 1.51 FY20 Quarter 2 Partnership 20.64 0.65 0.49 0.14 Total 80.58 2.37 2.04 1.65 AHL 85.5
Slide 10: Quarterly Sales Trend
Quarterly Sales Trend Project Location FY18 Q2 FY18 Q3 FY18 Q4 FY19 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY20 Q1 FY20 Q2 AHL (Area in Sq. Ft.) Aangan Neemrana - - (1,150) - - - - - - Anmol Gurgaon 9,370 3,825 12,845 15,600 22,950 10,260 14,660 7,650 17,020 Tarang Bhiwadi 2,502 2,536 1,384 (2,519) 25,705 10,03
Slide 11: 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 Project Phases Area Booked Received Constructed (Lakhs Sq. ft.) (Lakhs Sq. ft.) (INR Crores) (INR Crores) (Lakhs Sq. ft.)* Ashiana Housing Limited Bhiwadi Nirmay 2 1.18 0.92 30
Slide 12: Cash Flow Position in Ongoing Projects
Cash Flow Position in Ongoing Projects Sale Value of Amount Equivalent Area Entity Saleable Area Area Booked Area Booked Received Constructed * (Lakhs Sq. ft.) (Lakhs Sq. ft.) (INR Crores) (INR Crores) (Lakhs Sq. ft.) Ashiana Housing Limited 12.77 6.28 206.45 99.94 5.23 Partnership 6.37 4.74 131.50
Slide 13: 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. 15
Slide 14: Geographical Presence
Geographical Presence Saleable Area of Ongoing Projects 3% 10% 17% 47% 5% 18% Bhiwadi Chennai Jodhpur Jamshedpur Jaipur Pune © Ashiana Housing Limited, All Rights Reserved. 16
Slide 15: Ongoing Projects Summary
Ongoing Projects Summary Saleable Area Area Booked Expected Location Project Phase Economic Interest Project Type (Lakhs Sq. ft.) (Lakhs Sq. ft.) Completion Time Bhiwadi Nirmay 2 100% Senior Living 1.18 0.92 Q1FY22 Bhiwadi Tarang 2 100% Comfort Homes 0.66 0.17 Q1FY23 Chennai Shubham 2 73.75% of Reve
Slide 16: Break Up of Area Booked (QoQ)
Break Up of Area Booked (QoQ) 1% 2% 12% 10% 27% 15% Q2 FY20 Q1 FY20 19% 12% 10% 43% 1% 7% 2% 39% Bhiwadi Chennai Gurgaon Pune Bhiwadi Chennai Gujarat Jaipur Jamshedpur Jodhpur Gurgaon Jaipur Jamshedpur Jodhpur 3% 6% 5% 22% 37% Q3 FY19 Q4 FY19 6% 42% 5% 59% 9% 4% 2% Bhiwadi Chennai Gujarat Gurgaon Ja
Slide 17: Yearly Operational Data
Yearly Operational Data Particulars Unit FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 Equivalent Area Lakhs Sq. ft. 17.87 22.80 23.44 17.39 8.16 7.68 Constructed* Area Booked Lakhs Sq. ft. 22.13 18.12 8.63 6.96 6.93 10.79 Value of Area Booked INR Lakhs 64,756 54,772 28,421 22,508 21,736 33,262 Average Realiz
Slide 18: Quarterly Operational Data
Quarterly Operational Data Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Particulars Unit FY18 FY18 FY19 FY19 FY19 FY19 FY20 FY20 Equivalent Area Lakhs Sq.ft. 2.02 1.87 1.63 1.97 1.62 2.46 2.14 2.04 Constructed* Area Booked Lakhs Sq.ft. 1.64 2.21 2.80 2.62 2.55 2.83 3.54 2.37 Value of Area Booked INR Lakhs 5,160 7,105 8,
Slide 19: Financials
Financials 01 Financial Summary YoY 02 Financial Summary QoQ © Ashiana Housing Limited, All Rights Reserved. 21
Slide 20: Financial Summary YoY (Consolidated)
Financial Summary YoY (Consolidated) Unit FY 13 FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 Sales & Other Income INR Crores 161.42 122.80 164.44 542.67 397.02 334.92 350.63 Operating Expenditure INR Crores 113.75 90.91 105.42 385.47 291.00 266.92 303.37 EBITDA INR Crores 47.67 31.89 59.02 157.20 106.02 68.0
Slide 21: Financial Summary QoQ (Consolidated)
Financial Summary QoQ (Consolidated) Particulars Unit Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Sales & Other Income INR Crores 34.21 107.04 141.55 71.39 70.88 66.81 66.76 75.38 Operating Expenditure INR Crores 35.18 85.65 111.08 63.10 59.96 69.24 69.82 80.74 EBITDA INR Crores (0.97) 2
Slide 22: 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. 24
Slide 23: Future Projects Summary
Future Projects Summary Saleable Area Location Project Phase Economic Interest (Lakhs Sq. ft.) Bhiwadi Tarang 3&4 100% 8.66 Bhiwadi Gamma 1 100% 18.45 Bhiwadi Nirmay 3,4 & 5 100% 4.77 Jaipur Vrinda Gardens 4&5 50% of Profit Share 4.81 Jaipur Ashiana Daksh 1, 2 & 3 100% 6.15 Jaipur Ashiana Amantran 1
Slide 24: Land available for Future Development
Land available for Future Development Estimated Land Estimated Saleable Location Land Proposed Development Area (Acres) Area (Lakhs Sq. ft) Bhiwadi Milakpur Land 40.63 31.00 Comfort Homes/ Senior Living Jaipur Umang Extension 7.20 6.50 Comfort Homes/ Senior Living Pune Marunji 19.27 15.50 Comfort Ho
Slide 25: Completed Projects having Inventory
Completed Projects having Inventory Area Booked Area Total Saleable and Unbooked Booked Area Recognised for Location Project Phase Share in Project Type Area Unrecognised Area (Lakhs Sq. ft.) Revenue (Lakhs Sq. ft.) for Revenue (Lakhs Sq. ft.) (Lakhs Sq. ft.) (Lakhs Sq. ft.) Bhiwadi Nirmay 1 100% Se
Slide 26: Shareholding Pattern as on 30th September 2019
Shareholding Pattern as on 30th September 2019 Shareholding Pattern Institutional Holding above 1% 29% No. of % Rank Fund / Institution Shares Holding ICICI Prudential Equity 1 58,53,810 5.72% & Debt Fund 1% 61% 9% 2 SBI Small Cap Fund 28,69,821 2.80% Promoter & Promoter Group MF & Financial Institu
Slide 27: For Any Queries, Contact
For Any investorrelations@ashianahousing.com 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 © 2018 Ashiana
Slide 28: Annexure
Annexure 01 About Ashiana 02 Business Model 03 Accolades 04 Abbreviations © Ashiana Housing Limited, All Rights Reserved. 30
Slide 29: About Ashiana
About Ashiana Incorporation / ▪ 1979 in Patna, New Delhi Headquarters Industry ▪ Real Estate with focus on residential apartments Business ▪ Comfort Homes, Senior Living & Kid Centric Homes Segments Areas of ▪ Jaipur, Bhiwadi, Jodhpur, Jamshedpur, Neemrana, South Operation of Gurgaon (Sohna), Lavasa
Slide 30: 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
Slide 31: Accolades
Accolades © Ashiana Housing Limited, All Rights Reserved. 33
Slide 32: Abbreviations
Abbreviations ▪ Sq. ft.: Square Feet ▪ EAC: Equivalent Area Constructed ▪ PAT : Profit after Tax © Ashiana Housing Limited, All Rights Reserved. 34