Corporate Analyst Presentation | 1st Quarter – FY-2019-2020

Table Content

1. Company Overview.

2. Projects Breakup & Residential Portfolio.

3. Ongoing Projects Update.

4. Financial

a) Highlights – Q1 - FY 19-20.

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a) Highlights – Q1 - FY 19-20.

b) Financial Ratios.

c) Balance Sheet.

d) P&L Statement.

e) Cash Flow Statement.

5. Disclaimer.

As on June 30, 2019

1. Company Overview

� Promoters:

o Mr. Rakesh Kumar Wadhawan (Executive Chairman)

o Mr. Sarang Wadhawan (Vice Chairman & Managing Director)

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� Three Decades of Expertise in Real Estate sector.

� Owner of Largest Land Bank in Mumbai Metropolitan Region.

As on June 30, 2019

Residential

Commercial •Ongoing Projects - 27,50,000

•Ongoing Projects - 2,50,05,299

2. Projects Breakup & Saleable Area (Sq.Ft)

as on 30th June, 2019.

68.76%

7.56%

23.68%

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Commercial •Ongoing Projects - 27,50,000

•Ongoing Projects - 86,09,035SRA

As on June 30, 2019

68.76%

Residential Commercial & Retail SRA

2. Ongoing Residential Portfolio

Virar

(52 kms)

to Virar (30 kms)

Suburban Rail Route

ProjectSaleable Area

(in Sq. ft.)

Galaxy 525,950

Planet HDIL Phase I 14,882,810

Paradise City 3,089,320

Ekta Nagar 1,500,000

Majestic Towers 1,319,132

Meadows 1,005,563

4

BKC

Churchgate

Churchgate

to Virar(52

Bandra

to Virar (30 kms)

Suburban Rail Route

Meadows 1,005,563

Whispering Towers 1,882,455

Premier Exotica 800,069

Total 2,50,05,299

As on June 30, 2019.

3. Projects Update

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Premier Exotica 3, Kurla (West)

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Total Construction Area 7.88 Lac Sq.Ft, 79% Construction Completed of Sale building out of

5 Wings A,B Wing possession already given.

The Galaxy Apartments, Kurla (East)

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Total Construction Area 5.66 Lac Sq.Ft , 77% Construction Completed of Sale building out of 6

Wings A,B,C,E Wing possession already given. 60% Construction Completed of Rehab Building.

Majestic Towers – Nahur (West)

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Total Construction Area 19.36 Lac Sq.Ft , 39% Construction Completed of Sale building,

& 75% Construction Completed of Rehab Building.

Whispering Towers, Mulund (West)

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Total Construction Area 28.46 Lac Sq.Ft , 20% Construction Completed of Sale building,

& 60% Construction Completed of Rehab Building.

Paradise City, Palghar

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Total Construction Area 32.73 Lac Sq.Ft, And % Completion of

Sector I -93%,II-18%,III-10%, IV-11%,V-5%,VI-13% , And Sector I Part OC Received

4. Financials : Results of 1st Quarter FY 2019-204. Financials : Results of 1 Quarter FY 2019-20

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a) Highlights : Q1 - 2019-2020

1. Income recognized from Sale of FSI and

TDR along with Sale of Residential and

Commercial units.

2. Company follows Project Completion

Method of accounting for ongoing

projects.projects.

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b) Financial Ratios

Housing Development and Infrastructure LimitedRatio Analysis

(` in Lacs)

Particulars

ConsolidatedQuarter Ended

30-Jun-19 31-Mar-19 Growth % 30-Jun-19 30-Jun-18 Growth %

Turnover (Net) 9,263.43 2,967.83 212.13% 9,263.43 16,660.66 -44.40%

Other Income 387.43 475.72 -18.56% 387.43 473.68 -18.21%

Total Income 9,650.87 3,443.55 180.26% 9,650.87 17,134.34 -43.68%

PBT&E 1,051.54 914.64 14.97% 1,051.54 3,036.98 -65.38%

PBT % to income 10.90% 26.56% 10.90% 17.72%

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EBIDTA 1,539.51 1,352.20 13.85% 1,539.51 3,329.51 -53.76%

EBIDTA % to income 15.95% 39.27% 15.95% 19.43%

PAT 842.43 770.66 9.31% 842.43 2,458.59 -65.74%

PAT % to income 8.73% 22.38% 8.73% 14.35%

Net worth 1,189,930.88 1,189,088.46 0.07% 1,189,930.88 1,164,831.54 2.15%

Debt 198,977.20 199,643.62 -0.33% 198,977.20 241,210.97 -17.51%

Inventories 1,464,343.80 1,457,673.20 0.46% 1,464,343.80 1,484,434.92 -1.35%

EPS -Basic 0.18 0.17 0.18 0.57

- Diluted 0.18 0.16 0.18 0.56

Interest Coverage Ratio 1.18 1.18 1.18 1.44

Debt Service Coverage Ratio 0.60 0.51 0.60 0.65

c) Balance Sheet (Consolidated)

HOUSING DEVELOPMENT AND INFRASTRUCTURE LIMITED

CONSOLIDATED BALANCE SHEET

(Amount in Lacs`) Particulars

Note No.As at

30th Jun. 2019 As at

31st Mar 2019 As at

30th Jun. 2018

(Unaudited) (Audited) (Unaudited)

ASSETS

Non-current assets

(a) Property, Plant and Equipment 2 10,637.71 10,742.34 11,033.72

(b) Investment Property 3 10,466.56 10,500.88 10,592.13

(c) Other Intangible assets 4 1.76 2.90 8.02

(d) Financial Assets

(i) Investments 5 1,626.75 1,626.75 1,626.75

(ii) Others 6 858.03 846.12 848.11

(e) Other non-current assets 7 7,128.68 10,062.75 10,258.78

Current assets

(a) Inventories 8 1,464,343.80 1,457,673.20 1,484,434.92

(b) Financial Assets

(i) Investments 9 864.35 864.35 894.85

(ii) Trade receivables 10 50,468.40 42,423.30 43,216.32

(iii) Cash and cash equivalents 11 1,535.29 956.97 420.03

(iv) Bank balances other than (iii) above 12 12,011.75 12,011.75 11,922.53

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(v) Others 13 22,088.23 18,943.46 18,326.01

(c) Other current assets 14 256,668.67 246,800.13 247,203.60

Total Assets 1,838,699.99 1,813,454.89 1,840,785.75

EQUITY AND LIABILITIES

(a) Equity Share capital 15 47,400.40 45,400.40 43,400.40

(b) Other Equity 16 1,142,530.48 1,143,688.06 1,121,431.14

(c) Minority interest 443.27 443.32 443.82

LIABILITIES

Non-current liabilities

(a) Financial Liabilities

(i) Borrowings 17 49,256.23 49,547.48 68,203.76

(ii) Other financial liabilities 18 164.83 167.54 175.74

(b) Provisions 19 617.99 404.70 377.74

(c) Deferred tax liabilities (Net) 20 2,907.78 2,907.65 2,959.36

Current liabilities

(a) Financial Liabilities

(i) Borrowings 21 149,740.24 150,142.04 155,525.63

(ii) Trade payables 22 49,077.64 48,896.84 49,805.26

(iii) Other financial liabilities 23 121,040.30 97,004.61 123,261.42

(b) Other current liabilities 24 260,364.80 259,699.27 261,616.00

(c) Provisions 25 205.36 383.74 369.02

(d) Current Tax Liabilities (Net) 26 14,950.66 14,769.25 13,216.46

Total Equity and Liabilities 1,838,699.99 1,813,454.89 1,840,785.75

Accounting Policies 1(The accompanying notes form an integral part of the financial statements.)

Place : Mumbai

Date : 14th August, 2019

d) P&L Statement (Consolidated)

HOUSING DEVELOPMENT AND INFRASTRUCTURE LIMITEDConsolidated Statement of Profit and Loss for the period ended

(Amount in Lacs`)

ParticularsNote No.

Quarter ended 30th Jun. 2019

Quarter ended 31st Mar. 2019

Quarter ended 30th Jun. 2018

Year Ended31st Mar. 2019

(Unaudited) (Audited) (Unaudited) (Audited)

Revenue From Operations 27 9,263.43 2,967.83 16,660.66 71,834.05 Other Income 28 387.43 475.72 473.68 1,747.11 Total Income (I+II) 9,650.87 3,443.55 17,134.34 73,581.16 EXPENSES Cost of materials consumed 29 7,944.05 10,237.61 5,300.03 22,061.88 Changes in inventories of finished goods, Stock-in -Trade and work-in-progress

30-6,670.61 -14,586.24 392.36 5,210.78

Employee benefits expense 31 548.13 543.38 619.16 2,293.76 Finance costs 32 6,452.78 5,787.91 7,286.93 28,062.70 Depreciation and amortization expense 1,2,3 120.14 131.47 164.87 541.00 Other expenses 33 204.83 414.78 334.00 2,363.33 Total expenses (IV) 8,599.33 2,528.91 14,097.36 60,533.44 Profit/(loss) before exceptional items and tax (I- IV) 1,051.54 914.64 3,036.98 13,047.72 Exceptional Items - - - -Profit/(loss) before tax (V-VI) 1,051.54 914.64 3,036.98 13,047.72

Tax expense:

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Tax expense:Current tax 228.15 173.53 590.99 2,494.50 Deferred tax 0.13 -6.44 -22.19 -74.51 Income tax on earlier years - -

228.28 167.09 568.80 2,419.99 Profit/(loss) for the year (IX+XII) 823.26 747.55 2,468.17 10,627.73 (before minority interest, share of profit/(loss) in associates and jointly controlled entities)Minority interest - share of (loss)/profit -0.05 -0.36 -0.34 -0.87 Net profit after tax, minoroty interest and share of profit/(loss) of associates and jointly controlled entities

823.31 747.91 2,468.52 10,628.60

Other Comprehensive Income (i) Items that will not be reclassified to profit or loss

Depreciation on Investment Property - - -Remeasurements of the defined benefit plans 19.12 22.75 -9.92 -49.07

Income tax relating to items that will not be reclassified to profit or loss -

-(ii) Items that will be reclassified to profit or loss -

19.12 22.75 -9.92 -49.07

Total Comprehensive Income for the year (XIII+XIV) (Comprising Profit (Loss) and Other Comprehensive Income for the year)

842.43 770.66 2,458.59 10,579.53

Earnings per equity share (for continuing operation): (1) Basic 0.18 0.17 0.57 2.33 (2) Diluted 0.18 0.16 0.56 2.33

Accounting Policies 1(The accompanying notes form an integral part of the financial statements.)

Place : MumbaiDate : 14th August, 2019

e) Cash Flow Statement (Consolidated)

HOUSING DEVELOPMENT AND INFRASTRUCTURE LIMITEDCONSOLIDATED CASH FLOW STATEMENT FOR THE YEAR ENDED

(Amount in Lacs`) Particulars Quarter ended

30th Jun. 2019

A Cash flow from operating activities

Net profit before tax 1,051.54

Adjustments for :

Depreciation and amortisation expense 120.14

Interest expenses 6,452.78

Interest received -279.69 Dividend received -Remeasurements of the defined benefit plans (Expenses)/ Income 19.12 Loss on sale of fixed assets 8.70

Profit on sale of fixed assets - 6,321.04

Operating profit before working capital changes 7,372.59

Movements in working capital :

Decrease / (Increase) in inventory -6,670.61 Decrease / (Increase) in trade receivable -8,045.10 Decrease / (Increase) in other receivables -10,091.16 (Decrease) / Increase in non financial liabilities 878.81

(Decrease) / Increase in financial liabilities 24,035.41

Net movement in working capital 107.35

Cash generated from operations 7,479.94

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Cash generated from operations 7,479.94

Less : Direct taxes paid (net of refunds) 46.74 Net cash from operating activities 7,433.20

B Cash flows from investing activities

(Increase) / Decrease in other investments

Interest received 279.69

Dividend received -

Sale / (Purchase) of fixed assets -Proceeds from sale of investment -

Proceeds from sale of fixed asset 11.25 Net cash from investing activities 290.94

C Cash flows from financing activities

Proceeds from borrowings

Repayment of borrowings -978.04 Proceeds from share warrants

Increase in share capital including share premium -

Interest paid -6,452.78 Net cash used in financing activities -7,430.82 Net increase in cash and cash equivalents (A + B + C) 293.32

Cash and cash equivalents at the beginning of the year 1,856.09 Less : Delink of subsidiary

Cash and cash equivalents at the end of the year 2,149.41

Components of cash and cash equivalents as at 30th June, 2019

Cash on hand 185.66

With banks - on current account 1,330.19

- on Escrow account 19.44

- on deposit account * 12,011.75

- in Overdraft with Bank -11,397.63 Total 2,149.41

Note : Figures in the brackets indicate outflow.Place : Mumbai

Date : 14th August, 2019

5. Disclaimer

This investor analyst presentation has been prepared by Housing Development and Infrastructure Ltd (“HDIL”). and

does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation

or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to

constitute an offer.

No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness,

accuracy, completeness or correctness of such information or opinions contained herein. The information contained

in this presentation is only current as of its date. Certain statements made in this presentation may not be based on

historical information or facts and may be “forward looking statements”, including those relating to the general

business plans and strategy of HDIL, its future financial condition and growth prospects, future developments in its

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business plans and strategy of HDIL, its future financial condition and growth prospects, future developments in its

industry and its competitive and regulatory environment, and statements which contain words or phrases such as

‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, etc., or similar expressions or variations of such

expressions. These forward-looking statements involve a number of risks, uncertainties and other factors that could

cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-

looking statements. These risks and uncertainties include, but are not limited to risks with respect to its real estate

business, SEZ business and its infrastructure business.

HDIL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to

notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner.

No person is authorized to give any information or to make any representation not contained in and not consistent

with this presentation and, if given or made, such information or representation must not be relied upon as having

been authorized by or on behalf of HDIL. This presentation is strictly confidential.

Thank You