Ndr Invit Trust · NSE:NDRINVIT
Ndr Invit Trust — Q1 FY2025 Earnings Presentation
28 slides from Ndr Invit Trust's earnings presentation, Jul 30, 2024
Slide 1: Investor Presentation Q1 FY25
Slide 2: Safe Harbor
Safe Harbor Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Trust's operations include changes
Slide 3: Business Overview
re BUSINESS Vv OVERVIEW
Slide 4: Industry (Logistics & Warehousing)
Industry (Logistics & Warehousing) Size of Indian Logistics Market (USD bn) 8.8% CAGR 484 Industry Growth Drivers 317 215 250 Government initiatives 178 196 and infrastructure development Shift in global FY18 FY19 FY20 FY21 FY24 FY29E manufacturing India Warehousing Stock in Top 8 Cities (mn sq.ft)
Slide 5: A Brief Snapshot
A Brief Snapshot Strong Lineage Diversified Clientele • 6 decades of experience and 3rd generation in the • 85+ Clients logistics business • Diversified across 3PL & Logistics, Retail, Auto, FMCG • Industry leader with wide expertise in the logistics and E-commerce sector Marquee Investors Operating
Slide 6: Competitive Edge
Competitive Edge Perpetual Cash Flow • Competitive leases and escalation factors allow for sustainable revenue growth • 13.77% of existing rentals coming up for lease renewals in FY25, enhancing the potential for up-leasing Strong Risk Management • Under Construction and Future Development Assets ar
Slide 7: Strong Presence in High Growth Markets
Strong Presence in High Growth Markets Area Contribution Present in 80% of India’s consumption market (% of total mn. sq. ft.) 62.22% 19.47% Delhi Gurgaon South 9.93% Bilaspur West North 8.38% East Revenue Contribution (%) Kolkata 63.75% C hhatrapati Sambhaji N agar M umb ai Pune G oa Bang alore Sri
Slide 8: High Quality, Diversified Occupier Base
High Quality, Diversified Occupier Base Top 10 customers contribute 41% of Gross Rentals Logistics and 3 PL Industry/Sector Contribution (% of Total mn. sq. ft) 1.74 3.52 Home Appliance Retail Auto & Industrial E-Com 44.36 13.17 13.06 8.42 6.44 6.34 1.91 1.04 Revenue Contribution (% of Total Revenue
Slide 9: Lease Expiry Profile
Lease Expiry Profile 13.77% of the portfolio coming up for expiry in FY25 Area Expiry (mn sq. ft.) 2.5 2.05 2 1.91 1.5 1 0.83 0.5 0 FY25 FY26 FY27 09
Slide 10: Financial Overview
oe FINANCIAL V OVERVIEW
Slide 11: Q1-FY25 Key Highlights
Q1-FY25 Key Highlights INR 751.77 mn INR 657.88 mn INR 673.75 mn INR 393.90 mn INR 126.88 per unit Net Distributable Operating Revenue EBITDA* Profit after Tax NAV Cash Flow (NDCF) FINANCIAL Highlights On and before 22nd INR 1.75 16th Aug 2024 Aug 2024 INR 673.75 mn 7.00%** Distribution Distribution
Slide 12: NDCF Profile
NDCF Profile Particulars (INR Mn) Q1-FY25 Cashflows from operating activities of the Trust (2.01) (+) Cash flows received from SPV's / Investment entities which represent distributions of NDCF computed as per relevant framework 559.98 (+) Treasury income / income from investing activities of the Tru
Slide 13: Unit Holding Details
Unit Holding Details Unitholding Pattern 16.44% Unitholding summary (385 mn units) 40.39% 17.55% 4.31% Sponsor Group Public (Others) 40.39% 59.61% 21.31% Sponsor Group Investcorp Insurance Non-Institutional Holdings Institutional Holdings (Others) 13
Slide 14: ge yv
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Slide 15: Journey
Journey Journey Towards the First Perpetual Warehousing InvIT in India 2005 – 09 Formation of Delex Cargo and its All - India Expansion ~$23 mn Fundraise from consortium of (i) US based venture capital (ii) UK based PE firm with ~$1.3 bn AUM 2018 2021 Global leader in INVESTCORP managed and (iii) In
Slide 16: NDR InvIT Structure
NDR InvIT Structure NDR Warehousing Pvt. Ltd. (Sponsor) Investcorp Unitholders / Investors Axis Trustee Services Investment NDR Invit Managers Pvt. Ltd. Trusteeship Fees NDR InvIT Trust (Trustee) Management Fees (Investment Managers) Asset Management Fees NDR Asset Management Pvt. Ltd. (Project Mana
Slide 17: Strong and Experienced Board
Strong and Experienced Board 24+ years of experience in end-to-end supply chain logistics, specializing in warehousing. Bachelor’s Degree 16+ years of experience in logistics and warehousing. in Commerce from University of Madras. Joined NDR BA (Special) from Gujarat University, MA in Financial Grou
Slide 18: Asset Under Management: South Zone
Asset Under Management South Zone 10.55 mn sq. ft. Logistics & 3PL, E- Com, FMCG, Automotive & Industrial, Consumer Durables, Electronics, Assembly Plant 18
Slide 19: Asset Under Management: West Zone
Asset Under Management West Zone 3.30 mn sq. ft. Logistics & 3PL, Telecom, E- Commerce, FMCG, Automotive & Industrial, Consumer Durables 19
Slide 20: Asset Under Management: North Zone
Asset Under Management North Zone 1.69 mn sq. ft. Logistics & 3PL, Wholesale, Retail 20
Slide 21: Asset Under Management: East Zone
Asset Under Management East Zone 1.42 mn sq. ft. Logistics & 3PL, E- Commerce, FMCG, Automotive & Consumer Durables 21
Slide 22: Pipeline Assets: Under Construction
Pipeline Assets Under Construction 2.07 mn sq.ft. Logistics & 3PL, Pharma, Home Appliances 22
Slide 23: Pipeline Assets: ROFO, All Zones
Pipeline Assets ROFO, All Zones Access to 5+ mn sq.ft. Zone (in mn) South 4.35 West 1.10 East 0.45 23
Slide 24: Enterprise Risk Management
Enterprise Risk Management SPV 1 NDR InvIT NDR Asset NDR SPV 2 Managers Management InvIT SPV 3 Industry, Business and Concentration Investment risk mitigated via, Financial risk mitigated via, risk mitigated via, Competent personnel, prudent Low debt and covenants at SPV Presence across India’s lead
Slide 25: ESG and SDG Philosophy
ESG and SDG Philosophy ENVIRONMENTAL HEALTH & SAFETY SOCIAL GOVERNANCE o Preserving / Conserving ground o Health literacy education & o Adherence to minimum wages o Competent board reporting water projects mechanisms and periodic reviews o Avoidance of child labour with Key Managerial Personnel o Wa
Slide 26: SDG/ESG Activities
SDG/ESG Activities Back to School Reducing Carbon Footprint NDR reached out to 3 Villages, located in the We have commenced installation of Solar Panels vicinity of it’s Assets, and sponsored School Kits that would generate 430 Kw of Power and for the Children. Not only did we touch 1,000 lives augm
Slide 27: SDG/ESG Activities
NDR InvIT SDG/ESG TRUST
Slide 28: NDR InviT Trust
NDR InviT Trust Mr. Sandeep Jain Chief Financial Officer sandeep @ndrinvit.com www.ndrinvit.com THANK YOU For further information please contact NDR InviT Trust Ms. Neha Chovatia Company Secretary & Compliance Officer neha.chovatia @ndrinvit.com www.ndrinvit.com Investor Relations Adfactors PR Priva