==> picture [211 x 31] intentionally omitted <==

www.arvindsmartspaces.com

28[th] May, 2021

To, BSE Limited

Listing Dept. / Dept. of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001.

To, National Stock Exchange of India Limited Listing Dept., Exchange Plaza, 5[th] Floor, Plot No. C/1, G. Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051.

Security Code: 539301 Security ID : ARVSMART

Symbol: ARVSMART

Dear Sir,

Ref: Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Sub: Outcome of Board Meeting and submission of Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on 31[st] March, 2021.

With reference to the captioned subject matter, we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. 28[th] May, 2021 has inter alia :

approved the Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on 31[st] March, 2021;
not recommended any dividend on equity shares for the Financial Year 2020-21;

We are submitting herewith the followings:

Audited Standalone Financial Results alongwith the Auditors’ Report.
Audited Consolidated Financial Results alongwith the Auditors’ Report.
A copy of the Media Release being issued by the Company in respect of Audited Financial Results for the quarter and year ended on 31[st] March, 2021.
Information Update - Q4 FY21 (Investor Presentation) in this regards.

The meeting of the Board of Directors of the Company commenced at 11:00 A.M. and concluded at 01:45 PM.

Arvind SmartSpaces Limited Regd. Office: 24, Government Servant Society, Near Municipal Market, Off C. G. Road, Navrangpura, Ahmedabad, 3800 009, India Tel.: +91 79 68267000 Fax.: +91 79 68267021 CIN: L45201GJ2008PLC055771

==> picture [211 x 31] intentionally omitted <==

www.arvindsmartspaces.com

Further, pursuant to Regulation 33(3)(d) of SEBI LODR Regulations, we hereby declare that the Statutory Auditors, M/s. S R B C Co & LLP, Chartered Accountants have issued the Audit Reports with unmodified opinion on Standalone and Consolidated Financial Results of the Company for the quarter and year ended on 31[st] March, 2021.

We shall inform you in due course the date on which the Company will hold Annual General Meeting for the year ended 31[st] March, 2021.

You are requested to bring this to the notice of all concerned.

Thanking you,

Yours faithfully,

For Arvind SmartSpaces Limited

Digitally signed by PRAKASH PRAKASH BHOGIBHAI MAKWANA DN: c=IN, o=Personal, postalCode=380054, st=GUJARAT, BHOGIBHAI serialNumber=f671636d730236e6130372670caf2fed14ae5a679f1a6cdd0d5b8f 5cff020509, cn=PRAKASH BHOGIBHAI MAKWANA MAKWANA Date: 2021.05.28 13:46:57 +05'30'

Prakash Makwana Company Secretary

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Arvind SmartSpaces announces Results for the quarter and year ended Mar 31, 2021

Key Highlights of Consolidated Financial Results for Q4FY21 and FY21:

Highest ever Fresh Sales for Q4FY21 Rs. 207 Cr vs. Rs. 149 Cr during Q4FY20 (Growth of 39% )
Highest ever Fresh Sales for the year FY21 stands at Rs. 529 Cr as against last year’s sales of Rs. 286 Cr (Growth of 85%).
Unrecognised revenue as on Mar 31, 2021 is Rs. 762 Cr (vs. Rs. 477 Cr as on Mar 31, 2020)
Revenue for Q4FY21 Rs. 64 Cr (vs LY Rs. 135 Cr); for FY21 Rs. 149 Cr (vs. LY Rs. 299 Cr)
Strong Collections during the quarter Rs. 133 Cr and for the year Rs. 326 Cr
Profit after Tax (PAT) Rs. 6.6 Cr for Q4FY21 (vs. LY Rs. 14.7 Cr); FY21 Rs. 8.7 Cr (vs. LY Rs. 39.3 Cr)

May 28, 2021: Arvind SmartSpaces Limited (ASL), India’s leading real estate development company announced today its financial results for the quarter and year ended on Mar 31, 2021. Performance summary of the consolidated operations is as below:

For the year – FY21

Fresh Sales grew by 85% during the year FY21; Rs. 529 Cr vs. Rs. 286 Cr last year
Collections during the year amounts to approx. Rs. 326 Cr
Revenue from Operations for FY21 Rs. 149 Cr vs. Rs. 299 Cr last year (Down by 50%)
EBITDA for FY21 is Rs. 41 Cr vs. Rs. 89 Cr last year (EBITDA Margin for FY21 27% vs. 30% last year)
PAT for FY21 is Rs. 8.7 Cr as against Rs. 39.3 Cr last year (Down by 78%)

For the Quarter – Q4FY21

Fresh Sales grew by 39% during Q4FY21; Rs. 207 Cr vs. Rs. 149 Cr last year
Collection during the quarter amounts to approx. Rs. 133 Cr
Revenue from Operations during Q4FY21 Rs. 64 Cr vs. Rs. 135 Cr last year (Down by 52%)
EBITDA for Q4FY21 is Rs. 15 Cr vs. Rs. 28 Cr last year (EBITDA Margin for Q4FY21 23% vs. 21% last year)
PAT for FY21 is Rs. 6.6 Cr as against Rs. 14.7 Cr last year (Down by 55%)

Commenting on the results and outlook of the company, Mr. Kamal Singal, Managing Director and CEO,

Arvind SmartSpaces commented, “Industry has picked up well in the past few months both in terms of new launches and sales and has crossed to pre-Covid levels of 2019 average. Our company has witnessed a very significant growth of 85% in fresh sales. We clocked record fresh sales of Rs. 529 Cr for FY21, as against sales of Rs 286 Cr during FY20 crossing an important milestone of Rs. 500 Cr mark. The collections

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during the year are very strong thereby resulting into reduction of effective Working capital debt by Rs. 95 Cr in a year. The company has bounced back very strongly after the first wave of COVID-19 and recorded highest ever performance parameters like Fresh Sales, Collections and Unrecognised Sales. We expect that the momentum will continue in near future too. Despite witnessing strong Sales momentum in fresh bookings, the same does not reflect in financial performance due to a lag between the revenue recognition and Fresh Sales. No new Project was completed during the year which affected the overall revenue recognition in the books of accounts.

Several key initiatives by the government like incentives on affordable housing, effective reduction in interest rates etc. are expected to fuel a fresh cycle of growth in the industry. We believe that despite several macro-economic and post Covid challenges, Arvind SmartSpaces is well positioned to take advantage of available opportunities and in turn deliver value to its customers and stakeholders."

Mr. Singal added that ‘ We are pleased to inform that the first project under strategic partnership with HDFC has started and we have acquired 60% of the land. The company plans to scout for new projects in the near term to strengthen inventory pipeline and continue its Sales momentum”

“The company has nine ongoing projects totaling more than 14 million sq. ft. under various stages of development which would be completed over the next 3-5 years. Currently, we are operating out of Ahmedabad, Gandhinagar, Bangalore and Pune. We intend to further consolidate project pipeline across these cities and are well poised to take advantage of opportunities which are expected to come under the current business environment while cautiously treading through the challenges.“ Mr. Singal further added.

About Arvind SmartSpaces:

Built on 80 years old legacy of Arvind Ltd. and established in year 2008, Arvind SmartSpaces is India’s leading real estate development company headquartered in Ahmedabad. With approximately 18 million square feet of real estate development across the country, the company is focused on delivering real estate solutions that add value to the lives of its customers and is fast emerging as a leading corporate real estate player in the country. The company has real estate developments across Ahmedabad, Gandhinagar, Bangalore and Pune. Backed by the strong brand name of Arvind group and the credibility achieved through already delivered projects, the company has plans continue the growth momentum and deliver value to all stakeholders.

For further information, please contact: Ankit Jain Prakash Makwana Mr. Jagdish Dalal Chief Financial Officer Company Secretary Investor Relations

Tel: 079 6826 7031 / Tel: 079 6826 7000 / Mobile: +91 9867652246

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Arvind SmartSpaces Information Update – Q4FY21

Key Updates – Q4FY21

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Fresh Sales

Highest ever Fresh Sales Q4FY21 Rs. 207 Cr vs Rs. 149 Cr last year ( 39% Growth)

• Highest ever Fresh Sales FY21 Rs. 529 Cr vs Rs. 286 Cr last year ( 85% Growth )

Unrecognised Sales

Rs. 762 Cr as on March 31, 2021 vs Rs. 477 Cr as on March 31, 2020
Strong Sales momentum continues back to back on quarter on quarter basis

Sales and New Launches during the year

Forreste – total 13.1 lacs sq ft area added with Phase 2 and Phase 3
High Grove (earlier Beyond Five) relaunched with freshness hit the market area
consisting of 58 lacs sq ft
Bel Air – high rise apartment project launched with an area of 4.7 lacs sq ft

Collections

Strong collections ~ Rs. 133 Cr during Q4FY21
Collections for the year Rs. 326 Cr
Consolidated Net debt as on Mar 31, 2021 is Rs. 167 Cr (vs Mar 2020 Rs. 217 Cr)

Debt

Comparable Net debt is Rs. 122 Cr after adjusting for New capital investment
Net D/E ratio stands at on Mar 0.56 (comparable 0.41) vs 0.75 as on March 2020

Key Updates – Q4FY21

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Fresh Sales

Unrecognised Revenue

Net Debt

Fresh Sales Rs. Cr

Unrecognised Revenue (Rs. Cr.)

Net Debt (Rs. Cr.)

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900
600 250
529 800 762 217
500
700 612 200
170 167
600 161
400
477
500 150
277 286
300
400 344
289 100 91 94
200 300
212
113
91 200
73
100 50
100
0
0
0
FY16 FY17 FY18 FY19 FY20 FY21
Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21
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Net Debt does not include OCD of Rs. 29 Cr issued to HDFC (15 years tenure) under strategic partnership

Key Updates – Q4FY21

Project Completion

Ongoing Projects

Financial performance vs Fresh Sales

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• Till date completed and handed over 10 projects measuring total developed area of 3.8 Million sqft (Alcove, Megatrade, Parishkaar, Trade square, Expansia, Citadel, Sporcia, Megapark, Megaestate and Skylands)

• Currently, executing 9 projects in Ahmedabad, Bengaluru and Pune measuring 14.2 Million sq ft of developable area (Uplands One, Beyond Five, Oasis, Aavishkaar, Elan, The Edge, Forreste, Uplands Two and Belair)

• Financial performance is based on applicable accounting standards wherein the revenue recognition is based on transfer of control with Project completion and satisfaction of performance obligation.

Despite witnessing strong Sales momentum in fresh bookings, the same does not reflect in Financial performance due to a lag between the two.

Consolidated Financials – Q4FY21

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Revenue EBITDA PBT PAT
Rs. 64 Cr during Rs. 15 Cr during Rs. 9.4 Cr during Rs. 6.6 Cr during
Q4 FY21 as against Q4 FY21 as against Q4 FY21 as against Q4 FY21 as against
Rs. 135 Cr in Rs. 28 Cr in Rs. 22 Cr in Rs. 14.7 Cr in
Q4FY20 Q4FY20 Q4FY20 Q4FY20
EBITDA margin at
Revenue down by PBT down by 57% PAT down by 55%
23% vs 21% LY
52% Y-o-Y Y-o-Y Y-o-Y
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Awards & Accolades

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Strategic Initiatives

Focus on Horizontal Development

 Steps taken

Successful New launches

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Forreste, 135 acre township with state of art villas with potential topline of Rs. 500 – 600 Cr

Long term value creation

Phase 1 and 2 sold successfully
High Grove, a project measuring approx. ~ 5.8 mil sq ft launched
Land acquisition completed ~60% for the new project in Bangalore under strategic partnership with HDFC

Low investment in construction

Less Operating leverage

Clear focus on execution and completion of existing projects to recover time lost during Covid-19
Present in all three segments of horizontal development; luxury, mid-priced and affordable with large land parcels in each segment
Clear focus on optimizing media mix and project promotions – significantly optimized expenses and achieved higher efficiency and sales

Brand Equity

Consolidated the Brand ‘Arvind’ and built further on the success of Uplands

Strategic Initiatives

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2016 – Preferential capital infusion by Promoters Rs. 51 Cr

Capital Infusion

2018 – Preferential capital infusion by Promoters Rs. 53 Cr
2021 – Preferential capital infusion by MD & CEO Rs. 29 Cr (In process)

529

Fresh Bookings FY21

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Fresh bookings Rs. Cr

Uplands Project wise	FY20 Rs. Cr 42	105	400 500 600	CAGR 49%
High Grove	(3)	131	300		27
Forreste	107	115	200
Skylands Belair	41 -	68 51	100	73 91 113
Oasis	33	28	0	FY16 FY17 FY18	FY1
The Edge	27	9
Aavishkaar	11	12
Elan	10	3
Other Completed Projects	17	7
Total	286	529

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CAGR 49%
277 286
113
91
73
FY16 FY17 FY18 FY19 FY20 FY21
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Fresh bookings increases by ~ 1.85X in FY21

Fresh Bookings – Q4 FY21

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Project wise	Q4FY20 Rs. Cr	Q4FY21 Rs. Cr
Uplands	21	80
High Grove	-	22
Forreste	107	32
Skylands	2	26
Belair	-	17
Oasis	9	13
The Edge	9	3
Aavishkaar	(1)	4
Elan	1	6
Other Completed Projects	1	4
Total	149	207

Financial Performance

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Q4FY21

FY21


	Particulars	Q4 FY21(Rs. Cr)			Particulars	PY CY Growth % 299.5 149.3 -50% 88.8 40.6 30% 27% 24.3 26.9 65.4 14.5 22% 10% 39.3 8.7 -78% 13% 6% FY21(Rs. Cr)
		PY	CY	Growth %
						PY	CY	Growth %
	Revenue	135.3	64.5	-52%	Revenue	299.5	149.3	-50%
	EBITDA EBITDA % Finance Cost PBT PBT %	28.0 21% 6.2 22.0 16%	14.9 23% 6.4 9.4 15%
					EBITDA EBITDA % Finance Cost PBT PBT %	88.8 30% 24.3 65.4 22%	40.6 27% 26.9 14.5 10%
	PAT	14.7	6.6	-55%
					PAT	39.3	8.7	-78%
	PAT %	11%	10%
					PAT %	13%	6%
Revenue recognition during Q4FY21 is mainly Skylands Rs. 25 Cr, Uplands Rs. 28 Cr, Sporcia 4.8 Cr, Expansia 1.3 Cr, Forreste DM Rs. 2.2 Cr and Megestate Rs. 0.5 Cr. Q4FY20 Revenue Recognition mainly relates to Skylands and Uplands. Financial performance is based on Project completion method as per applicable Accounting Standards. However, there is strong momentum in Sales with fresh bookings and healthy pipeline.

Revenue recognition during Q4FY21 is mainly Skylands Rs. 25 Cr, Uplands Rs. 28 Cr, Sporcia 4.8 Cr, Expansia 1.3 Cr, Forreste DM Rs. 2.2 Cr and Megestate Rs. 0.5 Cr. Q4FY20 Revenue Recognition mainly relates to Skylands and Uplands.

Financial performance is based on Project completion method as per applicable Accounting Standards. However, there is strong momentum in Sales with fresh bookings and healthy pipeline.

Balance Sheet

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Liabilities

Assets

	As on As on Mar 31, 2020 Mar 31, 2021 Equity and liabilities Share Capital 35.6 35.6 Reserves and Surplus 253.3 275.8 Shareholders Funds 288.8 311.4 Non-Controlling 15.8 38.7 Non Current Liabilities 75.2 166.8 Current Liabilities 417.8 408.9 Total 797.6 925.7 Amount in Rs. Cr

	As on As on Mar 31, 2020 Mar 31, 2021 ASSETS Fixed Assets 29.2 39.4 Non-Current Financial 65.2 67.6 Inventories 662.8 703.3 Current Assets 40.4 115.3 Total 797.6 925.7 Amount in Rs. Cr

Gross Debt as on Mar 31, 2020 stood at Rs. 218 Cr and as on Mar 31, 2021 at Rs. 177 Cr; does not include OCD Rs. 29 Cr issued to HDFC

Debt Profile and Lenders

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Amount in Rs. Cr	31-March-2020	31-Dec-2020	31-Mar-2021
Gross Debt	218	203	177
Net Debt	217	197	167
Net Debt to Equity	0.75	0.68	0.56
Capital usage	-	20	45
Effective Working Capital Debt	217	177	122
Effective Working Capital Debt to Equity	0.75	0.61	0.41

Effective Working capital Debt comes down by Rs. 95 Cr in a year ( 44% reduction )
The above statement does not include OCD of Rs. 29 Cr issued to HDFC (15 years tenure) for joint project in Bangalore
Out of Rs. 177 Cr Gross Debt – Rs. 25 Cr is due within a year and Rs. 152 Cr more than one year

Lenders

HDFC Ltd., SBM Bank India Ltd., Arka Fincap Ltd., TATA Capital Financial Services Ltd. and Bajaj Finance Ltd.

Performance of Scrip (since Listing)

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Performance of Scrip (since Listing)

500 450 400 350 300 250 200 150 100 50 0 BSE Sensex Index BSE Realty Index ASL Index

Note :

Closing levels of Sensex and Realty Index as on Aug 31, 2015 was 26,283 and 1,261 respectively, the same have been indexed to 100. For Arvind SmartSpaces Limited, the Listed closing price as on Aug 31, 2015 of Rs. 45.85 is indexed to 100.

Shareholding Pattern (%)

39.67%, Public 58.66%, 1.64%, Promoter and Insurance Promoter Companies Group 0.03%, Foreign Institutional 0.00%, Mutual Funds Investors(FIIs)

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Category	31-Mar-2020	31-Dec-2021	31-Mar-2021
Promoter and Promoter Group	59.06%	58.66%	58.66%
Foreign Institutional Investors(FIIs)	0.03%	0.03%	0.03%
Mutual Funds	1.61%	0.00%	0.00%
Insurance Companies	3.82%	3.73%	1.64%
Public	35.48%	37.58%	39.67%

Number of Shareholders as on Mar 31, 2021: 115,639

Completed Projects

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Skylands Sporcia Expansia Alcove
Megatrade MegaEstate MegaPark Citadel
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Ongoing Projects

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Quarterly Synopsis

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Residential Projects	Area Booked in Q4FY21 (sqft.)	Units Booked in Q4 FY21 (nos.)	Sales Value for Q4 FY21 (Rs. Lac)	Amount Collected in Q4 FY21 (Rs. Lac)	Revenue Recognized in Q4 FY21 (Rs. Lac)
Skylands	42,962	37	2,611	2,627	2,545
Uplands ONE	1,42,492	15	3,985	2,665	2,779
Oasis	22,300	18	1,283	1,290	-
Aavishkaar	16,735	18	396	269	-
Elan	5,617	6	586	179	-
The Edge	4,641	3	255	24	-
Forreste^	1,70,298	20	3,160	2,315	220
Uplands Two	1,97,187	7	4,076	652	-
Belair	32,242	23	1,711	489	-
Highgrove	5,35,905	37	2,244	2,174	-
Sporcia	10,118	8	519	572	478
Megapark	-	-	-	-	66
Megaestate	-	-	-	45	54
Megatrade	-	(2)	(30)	22	23
Expansia	(1,884)	(1)	(118)	9	134
Alcove	-	-	-	-	-
Total	11,78,613	189	20,675	13,332	6,299

^Forreste Revenue recognition for Arvind SmartSpaces would be equivalent to DM Fees only.

Yearly Synopsis

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Residential Projects	Area Booked in FY21 (sqft.)	Units Booked in FY21 (nos.)	Sales Value for FY21 (Rs. Lac)	Amount Collected in FY21 (Rs. Lac)	Revenue Recognized in FY21 (Rs. Lac)
Skylands	1,14,572	98	6,826	6,998	7,410
Uplands ONE	2,41,821	22	5,225	5,842	5,576
Oasis	50,538	42	2,817	3,731	-
Aavishkaar	46,700	49	1,199	1,304	-
Elan	1,121	2	271	272	-
The Edge	17,113	17	949	269	-
Forreste^	5,47,275	87	11,458	5,178	488
Uplands Two	2,90,793	10	5,303	2,124	-
Belair	94,886	67	5,112	798	-
Highgrove	14,60,503	264	13,092	4,893	-
Sporcia	11,446	9	639	601	616
Megapark	(11,565)	(1)	(69)	117	192
Megaestate	-	-	-	158	173
Megatrade	-	(1)	(7)	36	23
Expansia	-	-	-	141	134
Alcove	-	1	113	113	113
Total	28,65,204	666	52,929	32,577	14,725

*Forreste Revenue for Arvind SmartSpaces it would be equivalent to DM Fees only.

Projects till Date - Synopsis

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Geography	Project Completion (%) Saleable Area (sq. ft.) Area Sold to date (sq. ft.) Inventory (sq. ft.) Booking Value (INR Cr) Revenue Recognized (INR Cr) Realization (INR/sq. ft.)
Ahmedabad	HighGrove 10 5,800,589 1,586,665 4,213,924 140 - 881
	Uplands 90 3,192,901 2,667,730 525,172 418 246 1,566
	Uplands Two 10 1,112,742 328,653 784,089 63 - 1,903
	Forreste** 15 2,202,295 1,710,060 492,235 222 6 1,297
	Aavishkaar 70 5,45,524 268,651 276,873 70 - 2,592
	Alcove 100 1,032,660 984,150 48,510 25 25 251
	Megapark 100 501,222 449,919 51,303 26 25 574
	Parishkaar 100 915,809 915,809 - 254 254 2,776
	Citadel 100 101,859 101,859 - 55 55 5,407
	Megatrade 100 82,526 72,318 10,208 29 29 4,075
	Megaestate 100 59,180 23,115 36,065 7 7 3,228
Bengaluru	Oasis 55 547,428 322,916 224,512 165 - 5,097
	Sporcia 100 501,265 496,165 5,100 232 231 4,686
	Skylands 100 491,111 397,155 93,956 208 183 5,241
	Edge 30 168,224 58,906 109,318 37 - 6,257
	Expansia 100 140,276 138,384 1,892 74 74 5,337
	BelAir 35 469,620 94,886 374,734 51 - 5,388
Pune	Elan 25 134,952 26,976 107,976 21 - 7,901
	TOTAL 18,000,184 10,644,317 7,355,867 2,097 1,135

**Forreste Revenue recognition for Arvind SmartSpaces would be equivalent to DM Fees only.

Unsold Inventory

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	Inventory
	(sq. ft.)
Inventory from Existing Projects	7,355,867
Additional acquired pipeline	702,187
Acquisition under process	430,373
Total Inventory	8,488,427

**Forreste Revenue recognition for Arvind SmartSpaces would be equivalent to DM Fees only.

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Projects

Uplands

Nasmed Village, Gandhi Nagar Premium golf based township

Location:
Product:
Project Size: 180 Villas (Phase I)
Deal Structure: Joint Development
Architect:

Woods Bagot

9 Hole Executive Golf Course 3 Clubs (Golf Square, Zen Square, Fun Square) Premium Concierge Services Disney® themed kids bedroom Personal Swimming Pool, Gym, Home Theatre - Optional

Features:

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Uplands

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Uplands

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Uplands ClubHouse

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Uplands ClubHouse

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Skylands

Jakkur Road, Shivanahalii,Bengaluru

Location:

High rise Residential Apartments

Product:
Project Size: 417 Units
Deal Structure: Outright Purchase
Architect:

Apurva Amin Sky lounge on terrace Jogging track on terrace Open café on terrace Star gazing deck on terrace Club House with Indoor & Outdoor Sports Amenities

Features:

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Skylands

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Aavishkaar

Location : Naroda Road, Ahmedabad
Product : Affordable Residential Apartments
Project Size : 574 Units
Deal Structure : Development Agreement
Rera Number : PR/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/RAA02798/A1R/110219
Architect : Vitan (Jagrut & Partners LLP)
Features : Gated community & CCTV camera Central Landscape area Outdoor & Indoor Gym Yoga & Multipurpose room Jogging pathway/track
Children’s splash pool & sports facilities

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Aavishkaar

Actual Construction Images

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Model Flat
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Oasis

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Location : Tumkur Road, Bengaluru
Product : 2 and 3 BHK Residential Apartments
Project Size : 452 units
Deal Structure : Outright Purchase
Rera Number : PRM/KA/RERA/1251/309/PR/180425/ 001543
Architect : Apurva Amin
Features : Aqua Center

Terrace café

Central Landscape Area

Senior Citizen’s Nook

Indoor Gym & Steam room Sports facilities like Cricket pitch, Basketball post & Badminton

Oasis

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Actual Construction Images

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BelAir

Location : New Town Road Yelahanka, Bengaluru
Product : 2, 2.5 &3 BHK Residential Apartments
Project Size : 334 units
Deal Structure : Outright Purchase
Rera Number : PRM/KA/RERA/1251/472/PR/200515/ 003406
Features : Cantilevered Sky Club

Vaastu Compliant Water Management Solutions Kids Play Area

Swimming Pool Indoor Gym

Smart Amenities – Smart switches, Wifi enabled CCTV, Keyless smartlock, Car parking with electrical charging point

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Belair

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Actual Construction Images

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Elan

: Kothrud Road, Pune

Location

: High rise Residential Apartments

Product
Project Size : 81 Units
Deal Structure : Development Agreement
Rera Number : P52100018613
Features : Landscape Walkway

Club Terrace Café Sitting Outdoor & Indoor Gym

Fully equipped Home Theatre room State of art Security System Kids Play Area, Basketball, Splash Pool CCTV, Intercom Facility

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Elan

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Actual Construction Images

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The Edge

Location : Tumkur Road, Bengaluru
Product : Commercial & Retail Space
Project Size : 130 Units
Deal Structure : Outright Purchase
Rera Number : PRM/KA/RERA/1251/309/PR/190823/ 002822
Features : Common Conference Room Theatre/Auditorium Modern Cafetaria

Gymnasium CCTV, Intercom Facility Parking & Automatic Elevators

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The Edge

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Actual Construction Images

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Highgrove

: Moti Devti, Sanand, Ahmedabad

Location

: Weekend Homes - Plots

Product
Project Size

: 814 Units

Deal Structure : Joint Development
Architect:

: Woods Bagot

: 9 Hole Executive Golf Course Clubhouse powered by SMAAASH, which is perfected by Sachin Tendulkar Bowling Alley Golf Promenade

Features

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Ahmedabad’s biggest shallow water lily pond spread over 3 acres

Highgrove

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Actual Construction Images

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Forreste

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Location : Racharda Khatraj Road, Ahmedabad

: Premium Land Oriented Villa Scheme

Product
Project Size : 250+ Units
Deal Structure : DM
Rera Number : PR/GJ/GHANDINAGAR/GHANDINAGAR/ AUDA/RAA06788/A2R/291020
Architect : InHouse
Features : Lounge with Seating & Library

Café & Restaurant

Banquet Hall & Kids Zone Gymnasium

Multimedia Theatre Sports amenities like Badminton,

Tennis & Basketball Court, Skating Rink

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Forreste

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Actual Construction Images

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About the Company

Overview | Arvind Smartspaces

Company profile

One of the fastest growing real estate developer in the listed space
Ahmedabad-based real estate developer, commenced operations in 2009
Operates largely in Ahmedabad and Bangalore, has forayed into Pune
Experienced in diverse real estate products such as townships, plotting, affordable & mid-priced housing, commercial real estate, industrial shed and luxury villas
10 projects delivered till date, aggregating to ~3.8mn sq ft and ~14.2 mn sq ft under development across 9 projects
Strong Financial performance with 5 year CAGR in Topline @ 28% and Bottomline @ 30%
Long Term Credit Rating A- /Stable from India Ratings

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Ongoing and upcoming projects

Project classification

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6%
Residential
Commercial
94%
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Commercial

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8%
23% Luxury
Mid-market
Affordable
69%
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Mid-market

The Journey so far

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2019
2018
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First project acquisition under HDFC partnership platform
2021
Preferential capital infusion by MD& CEO
2021
Sales crosses Rs. 500 Cr+ mark inspite of Covid-19 disruption
2020
Commencement of our first project under DM model – Forreste
2019
Strategic partnership with HDFC Capital Advisors for long term platform funding
Entered Pune market (Arvind Elan)
Infusion of funds by Promoter and Promoter Group
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2018
2017
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Won “Prestigious Brand of Asia” in real estate at The Global Business Symposium, Dubai Delivered first project in Bangalore – Arvind Expansia

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2016
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2016
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Uplands won ”Integrated Township of the Year – India” in ABP News Real Estate Awards Infusion of funds by Promoter and Promoter Group

Listed on NSE and BSE through demerger of real estate business from Arvind Ltd

2015

Board of Directors

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Mr. Sanjay S. Lalbhai
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Chairman & Non-Executive Director And Promoter

Mr. Kamal Singal Managing Director & CEO

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Mr. Kulin S. Lalbhai Non-Executive Director

Mr. Pratul Shroff Independent Director

Ms. Pallavi Vyas Independent Director

Mr. Nirav Shah Independent Director

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Mr. Prem Prakash Pangotra
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Independent Director

Strategic Pillars of Growth

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1 2 3 4 5
Leveraging Brand Low Financial / Conservative Risk Innovative / Customer-
Asset light, Low Capex
Arvind Operating Leverage profile centric products
1 Land as Raw Material, no Land Bank. Focus on JD/JV. Focus on Residential projects (low Capex requirement)
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Leverage Arvind’s Brand Equity. Focus on end use customer. Expand in mini-metros like Ahmedabad, Bangalore and Pune

Optimum D/E ratio, Maintain operation efficiency with lower working capital requirements. Lean organization structure with outsourcing of non-core.

Focus on end-consumption. Steady and cautious geographical expansion with reasonable critical mass. Conservative Legal and Technical Due diligence

Set industry benchmark in Product design and innovation. Partner with best in class agencies. Use technology for best in class customer experience

Fresh Bookings – MIS Sales

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FRESH BOOKINGS RS. CR
600
529
500
400
CAGR 49%
286
300 277
200
113
91
100 73
0
FY16 FY17 FY18 FY19 FY20 FY21
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Financial Snapshot

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Revenue
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Operating Income

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PAT
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EBIDTA (Rs. Cr)
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PAT (Rs. Cr)
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Revenue from Operations (INR Cr.)
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100
89 45
350 90 39
299 40
80
300 70
262
70 65 35 30 31
250
202 60 30
200 50 44 25
160 41 21
149 37
150 116 40 20 17
87 30 25 15
100 11
20 10 9
50
10
5
- - 0
FY15 FY16 FY17 FY18 FY19 FY20 FY21
FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY15 FY16 FY17 FY18 FY19 FY20 FY21
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Financial performance is based on applicable accounting standards wherein the revenue recognition is based on transfer of control with Project completion and satisfaction of performance obligation.

Awards & Recognition

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Thank You

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Arvind SmartSpaces Ltd (CIN: L45201GJ2008PLC055771)

Investor Relations:

Registered & Corporate Office: 24, Govt. Servant’s Society, Adj. Municipal Market, C. G. Road, Ahmedabad- 380009 Tel: +91 79 68267000 www.arvindsmartspaces.com

Ankit Jain Chief Financial Officer Email: [email protected] Prakash Makwana Company Secretary Email: [email protected] Jagdish Dalal Investor Relations Email: [email protected]

Disclaimer:

The information in this presentation contains certain forward‐looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditures. These statements are based on current expectations that involve a Number of risks and uncertainties which could cause actual results to differ from those anticipated by the Company.

AI assistant

Arvind SmartSpaces Limited — Earnings Release 2021

59177_rns_2021-05-28_e18a3c02-a678-43d2-b800-037db3562fa2.pdf

Symbol: ARVSMART

Sub: Outcome of Board Meeting and submission of Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended on 31[st] March, 2021.

For Arvind SmartSpaces Limited

Arvind SmartSpaces announces Results for the quarter and year ended Mar 31, 2021

Key Highlights of Consolidated Financial Results for Q4FY21 and FY21:

For the year – FY21

For the Quarter – Q4FY21

Commenting on the results and outlook of the company, Mr. Kamal Singal, Managing Director and CEO,

About Arvind SmartSpaces:

Arvind SmartSpaces Information Update – Q4FY21

Key Updates – Q4FY21

Fresh Sales

Key Updates – Q4FY21

Fresh Sales

Unrecognised Revenue

Net Debt

Fresh Sales Rs. Cr

Unrecognised Revenue (Rs. Cr.)

Net Debt (Rs. Cr.)

Key Updates – Q4FY21

Consolidated Financials – Q4FY21

Strategic Initiatives

 Steps taken

Brand Equity

Strategic Initiatives

Fresh Bookings FY21

Fresh Bookings – Q4 FY21

Financial Performance

Q4FY21

Balance Sheet

Liabilities

Assets

Debt Profile and Lenders

Lenders

Performance of Scrip (since Listing)

Shareholding Pattern (%)

Completed Projects

Ongoing Projects

Quarterly Synopsis

Yearly Synopsis

Projects till Date - Synopsis

Unsold Inventory

Projects

Uplands

Uplands

Uplands

Uplands ClubHouse

Uplands ClubHouse

Skylands

Skylands

Aavishkaar

Aavishkaar

Actual Construction Images

Oasis

Oasis

BelAir

Belair

Actual Construction Images

Elan

Elan

Actual Construction Images

The Edge

The Edge

Actual Construction Images

Highgrove

Highgrove

Actual Construction Images

Forreste

Forreste

Actual Construction Images

About the Company

Overview | Arvind Smartspaces

Company profile

Ongoing and upcoming projects

Project classification

The Journey so far

Board of Directors

Arvind SmartSpaces Limited Earnings Release 2021