#1Karda Constructions Limited Investor Presentation KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS#2KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Company Profile The Karda Group is a well established Nashik based group having its presence in the real estate industry for more than two decades. It was founded by promoter Mr. Naresh Karda in year 1994 and Incorporated in 2007 as Karda Constructions Private Limited. City Centric Focus - Nashik Diversified Business Activities Strong Deliverables Nashik realty market is geared up for a rapid growth. The company has strong brand acceptance under brand “Hari" across Nashik and aims to be the market leader in the city. Most of the land reserves of the company are in and around Nashik. The company has two core business activities. Real Estate Development - Ongoing 12 Projects Construction Contracts - Seven projects on hand The company has presence across all the segment: Affordable, Medium Premium & Luxury Delivered over 1 mn sq. ft Carpet Area. 1.7 mn sq. ft Carpet Area of ongoing projects to be delivered.#3At a Glance KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Years of Experience 24 Largest Construction Happy Patrons 18000+ KARDA Project in Nashik BUILDE&DEVELOPERS Completed Projects 30 Ongoing Projects $ 12 Vast Land Reserves 4L sq ft *As a group "You are our Identity, You are our Family" ASHOK#4Milestones Started operations for Project Hari Niwas, Hari Om Hari Angan Phase II, Hari Vandan Phase II, Hari Niketan, Hari Kunj, Hari Sankul II. ☐ Started operations for Project Hari Sparsh. ■ Completed Project - Hari Sankul II Hari Sneh I, Hari Vandan ■ Started operation for Project "Hari Om II", Hari Sparsh II, Hari Vatika, Hari Bhakti, Hari Ved, Hari Vasant and Hari Vishwa. ■ Completed Project Hari Shrushti. II. ☐ Completed Project "Hari Sankul I" in August 2011. 2012 2011 Started operations for Project "Hari Vishwa" and "Hari Sankalp" in January 2010 and "Hari Sneh❞ in October 2010. 2010 2013 2016 2014 ■ Started operations for Project Hari Amrut and Hari Sneh II. ■ Completed Project - Hari Kunj, Hari Sankalp, Hari Niwas, Hari Niketan 2008 and Hari Angan II. 2017 ■ Started operations for Project Hari Samarth, Hari Sanskruti II, Hari Sparsh III, Hari Sanskruti and Hari Anand. 2015 KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS - ■ Started project Hari Naman. Completed Project Hari Sparsh, Hari Mantra, Hari Sneh II and Hari Amrut. Started operations for Project Hari Mantra and Hari Anand. Completed Project Hari Om I. ■ Mr. Naresh Karda awarded as "Business Icon of Nashik" by Lokmat. ■ Received Mega Builder of the year award of Divya Marathi. Started operations for Project "Hari Sankul I" in August 2008. 2007 Incorporation of our Company.#5Management Mr. Naresh Karda Promoter, Chairman & Managing Director Mrs. Disha Karda Executive Director KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Diploma holder in Civil Engineering from Pravara Nagar Polytechnic, Maharashtra State Board. 23 years of experience in the field of real estate & construction and completed more than 36 projects and delivered 2500 homes successfully in Nasik City. Graduate from Gujarat University and B.Ed. from Annamalai University. She has an overall experience of around 10 years. She is responsible for day-to-day operation, which includes managing committees and staff as well as developing business plans in collaboration with the board of the company.#6Key Managerial Person KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Mr. Manohar Karda Whole Time Director Over 24 years of experience in family business and around 9 years in field of real estate & construction. Plays a crucial role in purchase management of Company. Looks after day-to-day routine activities of Company. Mr. Anil Nahata Chief Financial Officer ■ Chartered Accountant with 24 years of experience out of 20 years were in renowned multi vehicle automobile dealers namely "Bafna Motors, Seva Automotive, Rushabh Motors. ■ More than 4years of experience in field of real estate. ■ Responsible for overall financial, accounting, commercial and other related works of Company. Mrs. Mayura Marathe Company Secretary & Compliance Officer Holds degree of Company Secretary from ICSI and having 1 year of experience in Company related Compliances. ■ Responsible for all compliance matters related to Company. ■ Employed with Company since April 2016.#7Nashik Real Estate Industry#8Nashik Overview KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS 848 Silvassa 360 Ahwa Q Saputara Trimbak Nashik Malegaon AH47 211 Chandwad Kannad Manmad 160 Shirdi 50 о Igatpuri Gangapur Shrirampur Map data ©2016 Google 2001 Population 1077236 2011 1486973 Nashik is a city in western India in the state of Maharashtra, located in the north-west of Maharashtra, 171 km (106 mi) from Mumbai and 210 km (130 mi) from Pune. It is the biggest city of North Maharashtra and 11th most populated district in India with a population of 2.16 million in 2016 and 14th most populated city of India. It is ranked as fourth fastest growing city of India. Nashik city is the District and Divisional headquarters of Nashik District and Nashik Division, which comprises the five districts of Nashik, Ahmednagar, Dhule, Jalgaon and Nandurbar. Proximity to Mumbai helps catalyse industrial activity and Nashik has five industrial zones within Nashik district. Special Economic Zone (SEZ) in Sinnar is promoted by the Maharashtra Industrial Corporation on 1010 hectares which has a racecourse, film city, botanical garden, IT zones, education zones, tourism development, entertainment arenas... all that goes into the making of a modern city. As seen from the table, the population for city has increased by 38% from 10 lakh in 2001 to almost 15 lakh in 2011. The estimated population in Nashik is approx. 15 lakh at city and 63 lakh at district level. The rapid growth of the city has improved social sectors such as education, health and medicine, social welfare, sports, entertainment, arts etc which will help to further increase the demand for real estate. *Source: Census of India; Economic Survey of Maharashtra 2016-17 *Economic Survey of Maharashtra 2014-15; Times of India#9Real Estate Demand Scenario In Nashik Agri-Build Scenario ❖Though Nashik is an industrial city, it has got 13% working population in primary i.e. agricultural sector, and this is more than any of the large cities of Maharashtra. ❖ Most of the farmers from the outskirts of Nashik or in the radius of 200kms outside Nashik have abundant supply of water in the form of flowing rivers. These farmers cultivate cash rich fruits such as grapes & pomegranates. These farmers have aspirations to migrate across Nashik in hope of good standard of living and better education for their children. Therefore, this can lead to an increase in the demand for real estate. KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Industrial Scenario Nashik has the second highest working population in service sector (27%) next to Aurangabad (31%) in Maharashtra. Hence Nashik is listed in "Industrial cum service" category. Nashik city has a lot of industries that have come up and from business point of view there has been good influx of money in the city. Proximity to Mumbai helped catalyse industrial activity from the early 1970s and Nashik is part of the industrial and manufacturing triangle of Mumbai, Pune and Nashik in Maharashtra. Of the five industrial zones within Nashik district (viz. the Nashik area and its outskirts namely, Satpur, Ambad, Sinnar, Igatpuri and Dindori); the two industrial estates of Satpur and Ambad are within Nashik Municipal Corporation (NMC) limits. Therefore, this will Fuel the demand for real estate in Nashik based on the developments in the industrial and IT front.#10Heatmap of Nashik Location KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Gangapur Pathardi Govind Dwarka College Mumbai Road Phata Nagar Corner Road Loaction West South West North East West Naka South Central Indira Nagar South East ❖ The western and southern part of Nashik has shown maximum infrastructure development activities in last few years. Infrastruct ure (Connectivi ty, market, schools) Residential Cost Proximity to commercial developme nt Future Employme nt Generation Healthcare In recent past Mumbai Naka and Govind Nagar have turned into preferred hospital hubs Indira Nagar and Pathardi Phata in spite of being a prominent residential hub for high and middle income group population do not have a tertiary care hospital with good infrastructure Govind Nagar and Indira Nagar are a lucrative option for buying a house as they are upcoming areas registering demand in property due to their close proximity to IT districts. Pathardi Phata recently saw the launch of the new projects and as a result, a spate of construction activity has followed. These areas are efficient for people who commute between Mumbai and Nashik on a daily basis. Good/Low Cost Below Average Average/ Medium Cost Bad/ High Cost#11Things to watch out in Nashik KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS North Maharashtra Reputed Corporates Private banks major drivers for commercial real estate in Nashik Key Tourist Destination Sula Vineyard famous for its "Sula Fest". York Vinery Delolali Cantonment Things which made Nashik Modern . Maharashtra Police Academy Artillery Centre • Aircraft Division Educational & IT Hub 1. Hindustan Yashwantrao Chavan Aeronautics Limited Maharashtra Open • 2. Mahindra & ICICI BANK University Mahindra • HDFC BANK Maharashtra 3. CEAT • City BANK University of Health 4. LG Electronics ● Axis Bank Sciences 5. Samsonsite Yes Bank Symbiosis Institute of 6. Siemens Kotak Bank Operations Management 7. Thyssen Krupp Indusind Bank Several IT, ITeS, BPO 8. Bosch and KPO companies • Nashik Education • Nashik Healthcare Samrudhi Corridor#12Business Segment KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS REAL ESTATE ■ Projects are under taken in two different ways: ■ Joint Venture ■ Owned Following process is adopted ✓ Land Identification and Acquisition and/Joint Development Arrangements. ✓ Project Planning, Design and Regulatory Approvals. ✓ Construction. ✓ Sales and Marketing. The company has completed 30 projects as a group across Nashik and currently, there are 12 ongoing projects. CONSTRUCTION ■ Recently, the company received its PWD License and ventured into undertaking construction contracts for: ✓ Public Sector ✓ Private Sector ✓ Recently company has entered into a JV (15% stake) with a large Infrastructure Conglomerate, Ashoka Buildcon Ltd (ABL) to develop a Mall along with premium/luxury Residences in a prime area. The JV has awarded a construction contract of around 18.92 crores to the company in the said project. ■ The company initially started with building projects, now started also focusing on infrastructure projects. ■ Currently, the company successfully secured 4 Government contracts, 3 of which are of Goa Government and 1 of Maharashtra Government & 2 Private Contracts and has 3 Private Contract.#13BUSINESS SEGMENT · REAL ESTATE#14Positioning - Real Estate KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS The company has presence across all segments. ✓ Affordable ✓ Medium ✓ Premium & Luxury Flexibility Based On Demand Company Believes in "Delivering the Right Product, at the Right Place, with the Right Positioning"#15Current Focus On Affordable Housing 50% Of the companies projects are under affordable housing. WHY? KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Affordable housing projects has been granted "infrastructure status" which will make them eligible for state incentives, subsidies, tax benefits and institutional funding. Emphasis for housing for all by 2022 by GOI - more than one crore houses expected to be built in rural areas. Aim to build 60 million new low cost houses over next 6 years. Incentivisation of Affordable Housing by increasing project completion timeline from 5 years to 3 years. Housing Tax Policy of Nashik is one of the lowest in the country#16Completed Projects KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS SR. NO. Project Name 1 Hari Sankul l 2 Hari Sankul II 13 Hari Niwas Development Type Carpet Area - our share (in sq. ft.)* No. Of Units Date of Commencement** Own Land Own Land Joint Venture Agreement & GPA 84,113 99 Flats 81,548 93 Flats 80,738 69 Flats +24 Shops 4 Hari Niketan Own Land 54,138 54 flats 5 Hari Aangan II Own Land 22,260 24 flats July 2011 April 2011 6 Hari Kunj Own Land 24,546 28 flats +8 shops August 2011 7 Hari Sankalp Own Land 53,077 37 flats January 2010 8 Hari Sneh I Own Land 44,373 50 flats 9 Hari Vandan II Own Land 28,162 28 flats 10 Hari Om I Own Land 2,75,202 11 Hari Sparsh Own Land 57,541 12 Hari Mantra Own Land 17,885 October 2014 13 Hari Amrut Own Land 43,446 52 flats +17 shops May 2013 14 Hari Sneh II Own Land 26,493 40 flats +10 shops August 2013 15 Hari Shrushti Own Land 1,11,731 120 flats 16 Hari Ved Own Land 4,120 6 flats 17 Hari Anand Development 41,152 29 flats 18 Hari Vatika Own Land 14889 12 flats Aug 2016 19 Hari Sparsh II Own Land 9,007 10 flats July 2016 20 Hari Naman Own Land 5,651 6 Shops +15 offices June 2017 218 flats 76 flats 21 flats +4 shops August 2008 October 2011 January 2011 October 2010 May 2011 March 2011 June 2012 May 2013 October 2016 June 2014 Date of Completion*** August 2011 November 2012 May 2013 January 2013 December 2013 April 2013 April 2013 November 2012 December 2012 February 2014 June 2015 December 2015 December 2015 December 2015 June 2016 February 2018 February 2018 April 2018 April 2018 January 2019 Total 10,80,072 (1) As per the regulations of RERA real estate units are to be sold based on their carpet area, thus carpet area of the units has been disclosed. However the aggregate saleable area of above units is estimated at 11,65,967 sq. ft. (2) Date of commencement refers to date of receipt of Commencement Certificate from Nashik Municipal Corporation (3)Date of completion refers to date of receipt of Occupation Certificate from Nashik Municipal Corporation#17Completed Project Snapshot EW SINGH AGENOUS A KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Hari Niketan Hari Anand Hari Aangan II Hari Aangan II HARIVED Hari Niwas Hari Sankul II Hari Sankul | Hari Ved#18Ongoing Projects KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS S. NO. Project Name Development Type Carpet Area - our share (in sq. ft.)(1) No. Of Units Date of Commencement(2) Date of Completion(3) 1 Hari Sanskruti Phase I Partly Own Land & JDA 4,28,414 566 flats +21 shops June 2017 June 2020 2 Hari Om Phase II Own Land 1,23,964 195 flats May 2016 June 2020 3 Hari Vasant Joint Venture Development 2,07,336 192 flats Oct 2016 December 2021 4 Hari Bhakti Joint Venture Development 5 Hari Samarth Own Land 60,167 1,12,676 75 flats September 2016 December 2020 264 flats February 2017 December 2020 6 Hari Sanskruti Phase II Own Land(4) 1,68,480 390 flats 7 Hari Sparsh Phase III Own Land 25,690 43 flats February 2017 May 2017 August 2021 June 2019 80 Hari Aakruti Phase II Own Land 29,373 23 Comm+ 25 Flats April 2018 December 2020 9 Hari Nisarg Joint Venture Development 33,451 38 flats August 2018 December 2021 10 Hari Laxmi Own Land 1,70,070 180 flats January 2019 December 2024 11 Hari Vruddhi Own Land 7,965 Hari Vishwa Own Land 3,67,222 39 Shops 388 flats October 2018 March 2016 December 2020 December 2019 12 Total 17,04,702 (1) As per the regulations of RERA real estate units are to be sold based on their carpet area, thus carpet area of units has been disclosed. However aggregate saleable area of above units is estimated at 19,57,902 sq. ft. (2) Date of commencement refers to date of receipt of Commencement Certificate from Nashik Municipal Corporation (3) Expected date of completion refers to expected date of receipt of Occupation Certificate from Nashik Municipal Corporation (4) Company has received certificate from Architect certifying completion of said project and accordingly Company has applied to Nashik Municipal Corporation for Occupation Certificate (5) Certain portions of these land parcels are owned in name of our Director - Mr. Naresh Karda and remaining are in the name of our Company#19Ongoing Project Snapshot KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Hari Sanskruti Hari Vishwa HAINASANT Hari Vasant#20Land Reserve KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS SR. NO. 1 2 3 4 5 6 7 Location of Land Plot S.No. 292/1A/2B/2B/1 & 2A, Bhagur S.No.484/3/1/2, Plot No.7 Nashik Plot S.No. 21/4B/4, Plot No.08 Deolali (1) Plot S.No.52/7, Deolali Area (in sq. ft.) % of Total Area Ownership Status 20,451 5.03% Owned 8,611 2.12% Owned 4,769 1.17% Owned 5,382 1.32% Owned S.No.376/1B+378/2 Plot No.1&2, Village Adgaon 15,626 3.84% Owned S.N. 110/2/2/3/5 Wadala 57,264 14.07% Owned 8 6 Plot S.No. 19/1A, Agartakli Plot S.No. 183 to 186 Girnare, Igatpuri 53,820 13.22% Owned Plot S.No.87/2/2B/1, Plot 4, Deolali 8,288 2.04% Owned 19,351 4.75% Owned 10 Plot S.No. 362/1, Makhmalabad (2) 31,754 7.80% Owned Survey No.59/1A+1B/1 and Survey No.59/1A/1B/2 situated at Village 11 24,757 6.08% Owned Panchak, Nashik 12 S. No 21A/1/5B, village Sansari, Nashik 5,253 1.29% Owned 13 14 15 16 S. No 21A/4, village Sansari, Nashik S. No 21A/6, village Sansari, Nashik S.No.484/3/1/2, Plot No.8 Nashik S. No 11/1/1A/3, Dasak, Nashik 16,146 3.97% Owned 18,298 4.50% Owned 10,854 2.67% Owned 15,001 3.69% Owned 17 S. No 70/1B+2+3(p) + 70/4 P. No 3 Panchak 44,440 10.92% Owned 18 S. No.21/4B/9, Plot No.10B, Deolali (1) 3,848 0.95% Owned 19 S. No.19/1, Agartakli (3) 43,056 10.58% Owned Total 4,06,970 100.00%#21BUSINESS SEGMENT · CONSTRUCTION#22Construction - Positioning KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Going forward, the company's move into construction segment is primarily to de-risk its existing business model. Currently, the company has around 115 Crores worth of contract, out of which 60.15 Crores is from the associate company named "Shri Sainath Land & Development (India) Private Limited". The company ventured into construction because it had been doing construction for its real estate arm since a long time and it wanted to deleverage it by taking small steps in the construction segment. Initially, the company started with buildings projects and now started looking at bridges, road and other infra (engineering construction) projects. Also, the company slowly and steadily is developing the required skillsets to execute EPC projects in the construction segment. The company presently executes construction contracts, other than real estate, through sub-contracts. However, to earn reasonable margins, material procurement remains with the company only, in all contracts that are sub-contracted. Recently the company has entered into a JV (15% stake) with a large Infrastructure Conglomerate Viva Highways Limited, a group Ashoka Buildcon Ltd (ABL) to develop a Mall along with premium/luxury Residences in a prime area. The JV has currently awarded a construction contract of around 18.92 crores to the company in the said project.#23Construction - Project Details Name of Project Construction of 28 Single Bedroom Flats in Sector - I at Curti, Ponda Construction of 16 Duplex Bungalows in Sector S at Farmagudi, Ponda Construction of Market Complex cum Community Centre in Survey no. 118, Zuarinagar at Sancoale village Total Contract Amount (Amt in Crs) 4.01 6.5 3.80 Finishing & Public Health Engineering (PHE) Works for Residential Building (2 nos. of 1 BHK & 2 Nos. of 2 BHK) & PHE works for Industrial Building (A2, A3, A4), Internal & allied Peripheral Works 16.17 Construction of 100 Bedded M.C.H. Wing at District Hospital Nashik 10.40 Shahapur Bus Stand 3.70 Works contract from Shree Sainath Land and Development (India) Pvt Ltd 60.15 Viva Highways Ltd (Group company of Ashoka Buildcon) for Excavation, Plastering & Waterproofing work for Ashoka Business Conclave Building. 10.34 Total 115.07 KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS#24STRENGTHS, STRATEGY & RECOGNITIONS#25Competitive Strengths Presence across 70% market area in Nashik. Strong presence in Nashik KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS We are a knowledge-based organisation and we undertake all the activities in-house such as Identification of land and procurement, Engineering & Construction. An important element of our success is our acquisition of land in and around Nashik. We actively attempt to identify and acquire land that may be available for sale in areas where our customers demand residential or commercial projects or where we foresee development in the future. Established "Hari" brand and reputation Our proven execution capabilities The marketing of single brand "Hari" will enable us to get a positive in the form of advance bookings, revenue share deals, development rights, government approvals, etc. Strong project pipeline & Vast Land Reserve Preferred Partners We believe that we have a strong project pipeline, which provides cash flow visibility.#26Growth Strategy Diversify the portfolio of projects we undertake and our business activities. Our Company has so far been a real estate development company, developing residential and residential-cum commercial projects in Nashik. However with a view to expand the portfolio of our business activities our Company recently has ventured into construction contracts beyond Nasik. JV with ABL will provide good growth opportunities. By diversifying the portfolio of our activities we intend to create additional sources of income which will further increase the cash flow visibility of our Company. Further we believe diversification of our portfolio will help us mitigate the risk caused by any adverse effect on the real estate sector in Nashik and the country as a whole. Continue to strengthen relationships with key service providers and take benefit of scalability by outsourcing model. We intend to continue to follow our outsourcing model and further strengthen our relationships with key service providers such as architects and contractors. This will enable our management to focus more on our core business by continuing to outsource the design and construction to our service providers. We also believe that our outsourcing model will enable us to develop projects with quality design and construction as we are able to access the best service providers in their respective fields to create the type of projects that we believe our customers want. KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Cultivate long-term relationships with major financial institutions and others. We cultivate long-term relationships with the banks, financial institutions, and individual investors as lenders and co-investors in future projects. Entering into co-investor relationships with the banks, financial institutions and individual investors provides a number of benefits, including a lower cost of funds; access to larger fund pools; improved sourcing capabilities; assistance in entering new markets; and access to the expertise and general manpower of the organization. Continue our focus on developing projects in and around Nashik. All of our Ongoing and Upcoming Projects are concentrated in and around Nashik. We believe that the real estate industry in India is predominantly regional due to difficulties with respect to large scale land acquisition in unfamiliar locations, inadequate infrastructure to market projects in new locations, the complex legal framework and the large number of approvals which must be obtained from different authorities at various stages of construction under local laws, and the long gestation period of projects.#27Awards & Recognition मार्क अॅवॉर्डस् २०१२ Crab Pr MCS bee red sta ave th (c) दि weghe we have ow RAJU MESON D Hauptality Part sa : 29 SON PRESENTS NASHIK STREPRENEUR EXCELLENCE RDS 2017 that influence ue: Hotel Express Inn, Exp Parts Indisch Motoren co "Divya Marathi Landmark Award" "Award for excellence in Marketing Strategy - Capsule Homes" लोकमत MOHAN MOHAN लोकमत SCUED Nashik Utira Tech Awards Concrete Structure Awards 2015-16" KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS E ashik U ig rete Stru 1 Conco emer Awar Awards Building Cons 16" To India Panc Build "Award for Hari Sankalp by Ultra Tech Cement" TOUN NA mat Times Lok Tin REG "Award for Goda Sanman Puraskar" "Award of Business Icon of Nashik" "Award of Brand Excellence in Residential Project"#28FINANCIAL HIGHLIGHTS#29Profit & Loss INR in Lakhs Revenue Total Revenue from Operations Cost of Construction Change in Inventories KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Q3FY19 Q2FY19 H1FY19 FY18 FY17 FY16 246.56 169.84 461.77 1267.91 246.56 169.84 461.77 1267.91 1057.79 1057.79 1007.16 1007.16 141.05 88.04 266.84 855.74 710.17 779.39 -47.57 141.05 88.04 266.84 855.74 710.17 731.82 Total Direct Expense Gross Profit 105.51 81.81 194.93 412.17 347.62 275.34 Gross Profit Margin 42.79% 48.17% 42.21% 32.51% 32.86% 27.34% Employee Benefit Expense 7.53 6.26 13.08 24.31 19.95 17.25 Selling Expense 11.25 8.75 21.98 45.49 29.12 Other Expense 2.06 11.64 21.22 31.18 31.66 43.16 EBITDA 84.67 55.16 138.65 311.19 266.89 214.93 EBITDA Margin 34.34% 32.47% 30.03% 24.54% 25.23% 21.34% Depriciation & Ammortisation EBIT/Operating Profit 0.75 83.93 0.69 54.47 EBIT Margin 34.04% 32.07% 1.35 137.30 29.73% 2.98 2.74 2.16 308.21 24.31% 264.14 24.97% 212.77 21.13% Less: Interest Expense 51.36 34.08 74.46 197.15 182.68 171.31 Exceptional Items Add: Other Non-Operating Income 6.94 12.48 24.55 77.61 40.64 52.19 Profit Before Tax 39.50 32.87 87.40 188.67 122.10 93.66 PBT Margin 16.02% 19.35% 18.93% 14.88% 11.54% 9.30% Taxes Profit After Tax PAT Margin 7.28 32.22 13.07% 13.75 25.98 58.15 43.00 30.43 19.12 61.42 130.53 79.10 63.22 11.26% 13.30% 10.29% 7.48% 6.28%#30Balance Sheet KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS INR in millions H1FY19 FY18 FY17 FY16 INR in millions H1FY19 FY18 FY17 FY16 NON-CURRENT ASSETS EQUITY Property, Plant & Equipment 17.3 17.7 19.8 18.0 Equity Share Capital 123.0 123.0 90.0 50.0 Investment Properties 2.2 2.2 2.2 2.2 Other Equity 759.1 710.7 213.5 176.6 Investments in Partnership Firms 0.02 9.9 9.9 23.3 Non-Controlling Interest Investment in Others 2.9 2.9 4.1 4.0 TOTAL EQUITY 882 833 303 226 Loans & Advances 129.4 89.6 84.1 52.7 LIABILITIES Other Financial Assets 48.9 50.4 41.7 45.3 NON-CURRENT LIABILITIES Other Non-Current Assets 23.4 23.4 18.6 10.5 Borrowings 414.0 669.6 799.1 1004.1 TOTAL NON-CURRENT ASSETS 224 196 180 156 Other Financial Liabilities 1.3 1.3 13.8 26.9 CURRENT ASSETS Other Non-Current Liabilities 180.0 133.2 569.7 839.8 Inventories 1491.6 1411.2 1710.8 1880.3 Provisions 1.9 1.7 1.3 Investments 58.6 20.3 182.0 45.0 Deffered Tax Liabilities 0.3 0.4 0.6 0.5 Trade Receivables 44.7 16.7 7.6 2.1 TOTAL NON-CURRENT LIABILITIES 597 806 1384 1871 Cash & Cash Equivalents 52.3 919.1 22.1 11.3 CURRENT LIABILITIES Loans & Advances 372.2 351.8 336.8 356.1 Borrowings 351.2 349.9 362.6 212.7 Other Financial Assets 0.06 0.1 0.1 0.1 Trade Payables 108.9 145.5 63.3 88.7 Current Tax Assets 61.0 62.1 31.2 41.5 Other Financial Liabilities 275.5 609.2 189.9 61.2 Other Current Assets 17.5 17.7 10.2 11.8 Other Current Liabilities 49.5 187.2 133.3 13.5 TOTAL CURRENT ASSETS 2098 2798 2300 2348 Provisions 4.8 5.1 1.1 1.4 Current Tax Liabilities 52.8 58.3 43.0 28.9 TOTAL CURRENT-LIABILITIES 842 1355 793 406 TOTAL LIABILITIES 1440 2161 2177 2278 TOTAL ASSETS 2322 2995 2481 2504 TOTAL EQUITY AND LIABILITIES 2322 2995 2481 2504#31Financial Ratios Total Revenue from Operations (mn) 1267.91 1057.79 1007.16 246.56 169.84 461.77 !!! *** Q3 FY19 Q2FY19 H1FY19 EBITDA (mn) 311.19 266.89 214.93 138.65 اللبن 84.67 55.16 FY 18 FY 17 FY 16 Profit After Tax (mn) 130.53 KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS 63.22 79.10 61.42 تتلنت 19.12 32.22 Q3 FY19 Q2FY19 H1FY19 FY 18 FY 17 FY16 Q3 FY19 Q2FY19 H1FY19 FY 18 FY 17 FY 16#32Financial Ratios ROA (%) 4.36 2.52 3.19 FY 16 FY 17 27.90 FY 16 26.06 ROE (%) 2.64 KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS 4.70 DEBT TO EQUITY (%) 3.26 Ii.. 1.53 0.78 FY 18 HIFY19 FY 16 FY 17 15.66 6.96 10.14 15.65 ROCE (%) FY 18 H1FY19 18.79 9.28 FY17 FY 18 H1FY19 FY 16 FY 17 FY 18 H1FY19#33Disclaimer KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS This presentation has been prepared by Karda Constructions Limited (the "Company") solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company's ability to successfully implement its strategy, the Company's future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company's market preferences and its exposure to market risks, as well as other risks. The Company's actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward- looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.#34Lets Connect Company: Karda Constructions Ltd. Mr. Shekhar Mahadik Email: [email protected] Contact: 91-9158888521 For further information, please contact: Investor Relations Advisors: KDA Strategic Advisors LLP KARDA CONSTRUCTIONS BUILDERS & DEVELOPERS Mr. Sagar H Mehta / Mr. Dhiren Sethia Email: [email protected]/ [email protected] Contact: 91-9892122787/91-9820434316