Ashiana Housing Ltd

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Ashiana Housing Limited
Update for Quarter Ending June 30th 2012

1
Utsav Bhiwadi

Agenda
Highlights and Overview Ongoing Project Details Financial Summary Future Projects Future Outlook

2

Highlights (Q1 FY13)
Acquired a land parcel measuring 1.03 acres in Bhiwadi. Target product – Group Housing. Disposed Tanawada Land at Jodhpur measuring 10.92 Acres. Customers started moving into Rangoli Gardens. Phase-1 handed over 4 months ahead of schedule. Prices increased in most projects leading to increased average realizations per sq. ft.

3

Overview (Q1 FY13)
As disclosed earlier, revenue recognition and profits accounted will be weak for FY12-13 & FY 13-14 as the company will transition to contract completion method of accounting from percentage of completion method. The operating and cash flow figures will provide a better gauge of performance going forward. *Pre-tax operating cash flows from ongoing projects of the company remained buoyant at Rs 2,775 lakhs for Q1FY13 . * Pre-tax operating cash flows from ongoing projects is not a statutory statement but a modified calculation as per the company. The company will report this number every quarter going forward and a detailed statement annually. The Annual Report for 2011-12 contains the detailed statement of FY12 for reference.

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Overview (Q1 FY13)
Area Bookings witnessed decline of 22% YoY and 40% QoQ due to: Non-availability of saleable inventory. Steps already taken to get the same through both fresh acquisitions and approvals on existing land parcels. Some sluggishness observed in market also effected sales. However, Q2 is expected to perform better than Q1.

Area Constructed witnessed increase of 3% YoY and decline of 41% QoQ due to: Non-availability of buildable inventory Quarterly fluctuations (Q1 as a % of total constructed area in an year is generally weak on a trend)

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Ongoing Projects
Project Name Location Type Saleable Area (lsf) Area Launched (lsf) Area Booked Till 30/06/12 (lsf) Remarks Ashiana Aangan Bhiwadi Group Housing 20.57 20.57 20.41 Handed over first three phases, handing over Phase IV and V, phase VI in CY 2012.

Utsav

Jaipur

Active Senior Living Group Housing

3.80

3.22

1.98

Phase I, II & III handed over, handing over phase IV. Handed over Phase I, Phase II in CY 2012 and Phase III in CY 2013. Handed over Phase I, IA, II & III, handing over Phase IV, Phase V in CY 2012 and Phase VI in CY 2013. Will start handing over first phase in CY 2012, Other Phases between CY 2013 and CY 2015. Handing over Phase I, Phase II & III in CY13 & Other Phases between CY 2014 and CY 2015. Marine Plaza consists of Hotel (1.04 lsf area) and Retail (0.83 lsf area) segments.

Ashiana Brahmananda

Jamshedpur

4.80

4.80

4.25

Ashiana Amarbagh

Jodhpur

Group Housing

5.97

5.51

4.97

Utsav Lavasa

Lavasa

Active Senior Living

6.87

3.91

2.31

Rangoli Gardens

Jaipur

Group Housing

26.07

18.04

12.74

Marine Plaza Total

Jamshedpur

Retail

0.83 68.90

0.83 56.87

0.28 46.94

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Ongoing Projects Cont…
Break up of Saleable Area of Ongoing Projects

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Ongoing Projects Cont….
Particulars Equivalent Area Constructed (In lsf) Area Booked (In lsf) Average Realizations (In `/Sq. Ft.) Referral Bookings Q4FY11 Q1FY12 Q2FY12 Q3FY12 Q4 FY12 Q1 FY13

2.82

2.70

3.27

3.96

4.69

2.78

3.79

3.81

4.82

4.22

4.99

2.97

2005

2187

2075

2190

2302

2474

163

197

180

212

152

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Ongoing Projects Cont….
Jodhpur 5% Jamshedpur 10% Lavasa 1% Jodhpur 14% Lavasa 3%

Jul 11 – Sep11
Bhiwadi 37%

Jan 12 – Mar 12

Bhiwadi 30% Jamshedpur 9%

Jaipur 47%

Jaipur 44%

Jodhpur 10% Jamshedpur 9%

Lavasa 0%

Break up of Area Booked (Geographically)
Jamshedpur 12%

Lavasa 3% Jodhpur 13% Bhiwadi 10%

Bhiwadi 30%

Jaipur 51%

Oct 11 – Dec11

Apr 12 – Jun 12

Jaipur 62%

9

Ongoing...
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