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ASL Corpora te Pre se nta tion Aug ust 2017 COMMODIT Y T RANSPORT AT ION COAL DRE DGING OIL & GAS Cautionar y State me nt and Disc laime r T he vie ws e xpre sse d he re may c o ntain info rmatio n de rive d fro m pub lic


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SLIDE 1

OIL & GAS COMMODIT Y T RANSPORT AT ION DRE DGING COAL

ASL Corpora te Pre se nta tion

Aug ust 2017

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SLIDE 2

2

T he vie ws e xpre sse d he re may c o ntain info rmatio n de rive d fro m pub lic ly available so urc e s that have no t b e e n inde pe nde ntly ve rifie d, and no re pre se ntatio n o r warranty is made as to the ac c urac y, c o mple te ne ss, re aso nab le ne ss o r re liability o f this info rmatio n. T his pre se ntatio n sho uld no t b e re lie d upo n as a re c o mme ndatio n o r fo re c ast b y Arihant Supe rstruc ture s L imite d and any o f the ir sub sidiarie s, jo int ve nture s and asso c iate s and c anno t b e re lie d upo n as a g uide to future pe rfo rmanc e . T his pre se ntatio n c o ntains 'fo rward-lo o king state me nts' – that is, state me nts re late d to future , no t past, e ve nts. I n this c o nte xt, fo rward-lo o king state me nts o fte n addre ss o ur e xpe c te d future b usine ss and financ ial pe rfo rmanc e , and o fte n c o ntain wo rds suc h as 'e xpe c ts,' 'antic ipate s,' 'inte nds,' 'plans,' 'b e lie ve s,' 'se e ks,' o r 'will.' Any fo rward lo o king info rmatio n in this pre se ntatio n inc luding, witho ut limitatio n, any table s, c harts and/o r g raphs, has b e e n pre pare d o n the b asis o f a numb e r o f assumptio ns whic h may pro ve to b e inc o rre c t. F

  • rward–lo o king state me nts b y the ir nature addre ss matte rs that are , to diffe re nt

de g re e s, unc e rtain. T he se unc e rtaintie s may c ause o ur ac tual future re sults to b e mate rially diffe re nt that tho se e xpre sse d in o ur fo rward-lo o king state me nts. We do no t unde rtake to update o ur fo rward-lo o king state me nts. We c autio n yo u that re lianc e o n any fo rward-lo o king state me nt invo lve s risk and unc e rtaintie s, and that, altho ug h we b e lie ve that the assumptio n o n whic h o ur fo rward-lo o king state me nts are b ase d are re aso nab le , any o f tho se assumptio ns c o uld pro ve to b e inac c urate and, as a re sult, the fo rward-lo o king state me nt b ase d o n tho se assumptio ns c o uld b e mate rially inc o rre c t. I n no e ve nt shall the Co mpany o r its dire c to rs b e re spo nsible to any pe rso n o r e ntity fo r any lo ss o r damag e , whe the r dire c t, indire c t, inc ide ntal, c o nse q ue ntial o r o the rwise , arising o ut o f ac c e ss o r use o r disse minatio n o f info rmatio n c o ntaine d in this pre se ntatio n, inc luding, but no t limite d to , lo ss o f pro fits. No re pre se ntatio n, warranty, g uarante e o r unde rtaking (e xpre ss o r implie d) is made as to , and no re lianc e sho uld b e plac e d o n, the ac c urac y, c o mple te ne ss o r c o rre c tne ss o f any info rmatio n, inc luding any e stimate s, targ e ts and o pinio ns, c o ntaine d he re in, and no liab ility whatso e ve r is ac c e pte d as to any e rro rs, o missio ns o r misstate me nts c o ntaine d he re in and, ac c o rdingly, no ne o f the Co mpany, its adviso rs and re pre se ntative and any o f its o r the ir affiliate s, o ffic e rs, dire c to rs, e mplo ye e s o r ag e nts, and anyo ne ac ting o n b e half o f suc h pe rso ns ac c e pts any re spo nsib ility o r liab ility whatso e ve r, in ne glige nc e o r o the rwise , arising dire c tly o r indire c tly fro m this pre se ntatio n o r its c o nte nts o r o the rwise arising in c o nne c tio n the re with. Yo u must make yo ur o wn asse ssme nt o f the re le vanc e , ac c urac y and ade q uac y o f the info rmatio n c o ntaine d in this pre se ntatio n and must make suc h inde pe nde nt analysis as yo u may c o nside r ne c e ssary o r appro priate fo r suc h purpo se . Any o pinio ns e xpre sse d in this pre se ntatio n are sub je c t to c hang e witho ut no tic e and past pe rfo rmanc e is no t indic ative o f future re sults. By atte nding this pre se ntatio n, yo u ac kno wle dg e that yo u will b e so le ly re spo nsible fo r yo ur o wn asse ssme nt o f the marke t and the marke t po sitio n o f the Co mpany and that yo u will c o nduc t yo ur o wn analysis and b e so le ly re spo nsible fo r fo rming yo ur o wn vie w o f the po te ntialfuture pe rfo rmanc e o f the Co mpany’ s b usine ss. T he info rmatio n in this pre se ntatio n has b e e n pre pare d fo r use in pre se ntatio ns b y Co mpany fo r info rmatio n purpo se s o nly and do e s no t c o nsti tute , o r sho uld b e re g arde d as, o r fo rm part o f any

  • ffe r, invitatio n, induc e me nt o r adve rtise me nt to se ll o r issue , o r any so lic itatio n o r any o ffe r to purc hase o r sub sc rib e fo r, any se c uritie s o f the Co mpany in any jurisdic tio n, inc luding the Unite d S

tate s and I ndia, no r shall it, o r the fac t o f its distributio n fo rm the b asis o f, o r b e re lie d o n in c o nne c tio n with, any inve stme nt de c isio n o r any c o ntrac t o r c o mmitme nt to purc hase o r sub sc rib e fo r any se c uritie s o f the Co mpany in any jurisdic tio n, inc luding the Unite d S tate s and I

  • ndia. T

his pre se ntatio n do e s no t c o nstitute a re c o mme ndatio n b y the Co mpany o r any o the r party to se ll o r b uy any se c uritie s o f the Co mpany. T his pre se ntatio n and its c o nte nts are no t and sho uld no t be c o nstrue d as a pro spe c tus o r an o ffe r do c ume nt, inc luding as de fine d unde r the Co mpanie s Ac t, 2013, to the e xte nt no tifie d and in fo rc e o r an o ffe r do c ume nt unde r the Se c uritie s and E xc hang e Bo ard o f I ndia (I ssue o f Capitaland Disc lo sure Re q uire me nts) Re g ulatio ns, 2009 as ame nde d. T his pre se ntatio n c o ntains c e rtain supple me ntal me asure s o f pe rfo rmanc e and liq uidity that are no t re quire d by o r pre se nte d in ac c o rdanc e with I ndian GAAP, and sho uld no t b e c o nside re d as an alte rnative to pro fit, o pe rating re ve nue o r any o the rpe rfo rmanc e me asure s de rive d in ac c o rdanc e with I ndian GAAP o r an alte rnative to c ash flo w fro m o pe ratio ns as a me asure o f liq uidity o f the Co mpany. By ac c e ssing this pre se ntatio n, yo u ac c e pt this disc laime r and any c laims arising o ut o f the use o f the info rmatio n fro m this pre se ntatio n shall b e g o ve rne d b y the laws o f I ndia and o nly the c o urts in Mumb ai, and no o the rc o urts, shallhave jurisdic tio n o ve r the same . T he data pre se nte d is as o f 30th June 2017.

Cautionar y State me nt and Disc laime r

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SLIDE 3

3

  • A hig hly re pute d re a l e sta te d e ve lo pe r in Na vi Mumb a i, MMR a nd Jo d hpur

re g io ns fo c using o n lo w c o st a ffo rd a b le ho using , mid -inc o me g ro up ho using , a s we ll a s uppe r me d ium inc o me g ro up ho using

  • Ove r the pa st 8 ye a rs, ASL ha s suc c e ssfully d e live re d ~2.6 mn sq .ft. a c ro ss 9

pro je c ts a nd ha s 12.9 mn. sq .ft. und e r d e ve lo pme nt a c ro ss 15 pro je c ts

  • F

ully pa id up la nd b a nk fo r pro je c ts to b e e xe c ute d o ve r the ne xt fe w ye a rs

  • F
  • c us o n d e live ring q uality a t a n a ffo rd a ble c o st thro ug h string e nt fo c us o n

c o st, sta nd a rd iza tio n, c o nstruc tio n c o sts a nd time ly c o mple tio n

Company pr

  • file

Ar ihant Supe r str uc tur e s L td (ASL ) | An Intr

  • duc tion

Summar y financ ials

(INR mn)

Q1F Y18 Q1F Y17 F Y17 F Y16 F Y15

R e ve nue s 580.9 311.3 1,862.5 1,235.3 1,097.6 E BIT DA 112.9 76.2 643.5 350.3 265.7 PAT 39.0 32.0 326.8 177.6 101.3 Ne t Wor th

  • 1,086.1

750.2 617.2 T

  • ta l De bt
  • 2,558.2

2,105.1 1,460.0

~12.9 mn sq.ft.

und e r d e ve lo pme nt

15 L andmar k pr

  • je c ts

und e r e xe c utio n

L

  • w Co st

Affo rda b le Ho using (I NR 2000-4000 psf)

66%

Middle I nc o me Gro up (I NR 4000-7000 psf)

27%

Uppe r Me dium I nc o me Gro up (I NR 8000+ psf)

7%

Cate gor y- wise pr

  • file of ongoing and for

thc oming pr

  • je c ts
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SLIDE 4

ASL | Value Cr e ation Jour ne y

4

2008

Co ntro lling inte re st a c q uire d b y c urre nt Pro mo te rs – Mr Asho k Chha je r a nd Ms Sa ng e e ta Chha je r

2009

Na me c ha ng e d to Ariha nt Supe rstruc ture s with ne w b usine ss po lic ie s a nd pla ns

2010

Ac q uisitio n o f 60% sta ke in Ariha nt Ab o d e a nd Ariha nt Va tika Re a lty; la unc h o f Ariha nt Arha m

2015

Suc c e ssfully c ro sse d INR 1b n re ve nue

2011

L a unc he d its L a nd ma rk Pro je c t in Jo d hpur und e r PPP sc he me

2016

~13 mn sq ft und e r c o nstruc tio n; Wo n c o ve te d E c o no mic T ime s a wa rd fo r b e st c o rpo ra te b ra nd s

2014

Sig nific a nt o pe ra tio na l ra mp- up; c o nstruc tio n c o mme nc e s

  • n Arshiya , Aa ro hi, Ad ita a nd

Amisha

1

2017

Co nstruc tio n wo rk a lmo st c o mple te d o n Amisha , Aa ro hi a nd Aya ti

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SLIDE 5

Indian Re al E state | Gr

  • wth Dr

ive r s

5

Nuc le ar F amilie s

  • Ave ra g e ho use ho ld size ha s

fa lle n fro m 5.3 pe rso ns to 4.8 pe rso ns

  • E

xpe c te d to fa ll furthe r to o ve r the c o ming ye a rs, le a d ing to c re a tio n o f ho using d e ma nd

E c onomic Gr

  • wth
  • Ind ia n e c o no my is e xpe c te d to b e

the fa ste st g ro wing e c o no my fo r the ne xt fe w d e c a d e s

  • Re fo rm me a sure s a re b e ing

imple me nte d b y the Go ve rnme nt

Rising Inc ome L e ve ls

  • T

he pe r c a pita inc o me in urb a n Ind ia is e xpe c te d to triple fro m 2014 to 2030

  • T

he rising inc o me a nd a spira tio ns will suppo rt the g ro wth o f re sid e ntia l re a l e sta te

Ur banization

  • Almo st 40% o f Ind ia is e xpe c te d

to b e urb a nize d b y 2030, with 68 c itie s o f po pula tio n > 1 mn

  • Citie s will a lso a c c o unt fo r ~70%
  • f Ind ia ’ s GDP b y 2030, d ue to

rising inc o me a nd e mplo yme nt le ve ls

5.5 5.3 4.8 1991 2001 2011

Ave ra g e house hold size

6.8% 7.2% 7.7% 7.8% 7.9% 8.1% 8.2% 2016 2017 2018 2019 2020 2021 2022

India – GDP Growth F

  • re c a st

S

  • urc e : Ce nsus data, industry so urc e s
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SLIDE 6

Industr y Dynamic s | Value Housing

6

… dr ive n by a population se e king value housing

Housing Partic ulars Urban (mn units) Rural (mn units) T

  • tal (mn units)

Curre nt sho rta g e 19 40 59 Re q uire d units b y 2022 26 - 29 23 - 25 49 – 54 T

  • ta l ne e d

45 - 48 63 - 65 107 - 113 Re quir e d units by 2022 – Mahar ashtr a & Rajasthan

  • Almo st 16% o f the to ta l urb a n ho using units re q uire d b y 2022 fro m the

sta te s o f Ma ha ra shtra & Ra ja stha n a lo ne

  • Ariha nt c urre ntly de ve lo ping o ve r 12,000 units in Urb a n Ma ha ra shtra

& Ra ja stha n c o mpa re d to re q uire me nt o f 7.1 mn units All India De mand

Partic ulars Urban (mn units) Rural (mn units) T

  • tal (mn units)

Ma ha ra shtra 5.0 5.5 10.5 Ra ja stha n 2.1 4.5 6.6 T

  • ta l ne e d in 2 sta te s

7.1 10.0 17.1 Ur ban and subur ban de mand is e xpe c te d to pr

  • pe l gr
  • wth…

T he Ce ntra l Go ve rnme nt ha s a sta te d visio n to pro vide ho using fo r a ll c itize ns o f the c o untry b y 2022 Curre ntly the re is a na tio n-wide ho using sho rta g e is 60 mn

  • units. E

stima te d de ma nd is 110 mn units b y 2022 L a rg e de ma nd g a p in hig h q ua lity re side ntia l units fo r lo w a nd middle inc o me g ro ups Mig ra tio n o f wo rking a nd sa la rie d po pula tio n to urb a n a re a s a nd me tro po lita n sub urb s c re a ting ho using de ma nd 1 2 3 4

ASL foc use s on de live ring value housing for low and middle inc ome se gme nts, whic h has signific ant supply-de mand mismatc h Minima l c o mmute to wo rkpla c e No c o mpro mise

  • n q ua lity a nd

c o mfo rt Ca te ring to the pric e b ra c ke t o f the sa la rie d c la ss

Conne c tivity Quality Affor dability

E a sy a c c e ss to utilitie s, a s we ll a s a lte rna te jo b

  • ppo rtunitie s

Proximity

S

  • urc e : industry so urc e s
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SLIDE 7

Political will and polic y envir

  • nment to benefit value housing

Be ne fits to Builde r s

  • Ava ila b ility o f lo w c o st o f fund s d ue to

Infra struc ture sta tus

  • De ve lo pe rs to g e t o ne ye a r to pa y ta x o n

no tio na l re nta l inc o me o n c o mple te d unso ld re sid e ntia l inve nto ry

  • 100 % ta x e xe mptio n fo r a ll e a rning s fro m

a ffo rd a b le ho using pro je c ts

  • De fe rme nt o n c a pita l g a ins ta x o n JDAs

Be ne fits to Buye r s

  • Inte re st sub sid y o n purc ha se o f ho use fo r

ind ivid ua l s with inc o me up to INR 1.8mn/ yr

  • Re d uc tio n o f time fra me fo r c a pita l g a ins

c a lc ula tio n fro m 3 ye a rs to 2 ye a rs

  • Re d uc e d ta x ra te fo r sla b o f INR 2.5-5 L

a kh; e xpe c te d to inc re a se d ispo sa b le inc o me a nd ho me b o o king s

  • L
  • w inte re st ra te s a nd pro c e ssing fe e s

Union Budge t 2017- 18

  • Allo c a tio n to Pra d ha n Ma ntri Awa s Yo ja na

inc re a se d to INR 230b n fro m INR 150b n

  • Na tio na l Ho using Ba nk to re fina nc e

ind ivid ua l ho using lo a ns

  • Inc re a sing the size o f a ffo rd a b le ho using

units to 30m a nd 60m c a rpe t a re a in me tro s a nd o the r c itie s re spe c tive ly

Re al E state Re gulator y Ac t (RE RA)

  • T
  • b ring in tra nspa re nc y in the se c to r
  • Ad he re nc e to time line s a nd re g ula tio n o n

usa g e o f fund s fo r b uild e rs

  • Will inspire c o nfid e nc e in b uye rs, le a d ing to

inc re a se in d e ma nd 7

Goods and Se r vic e s T ax (GST )

  • Input ta x c re d it pe rmitte d fo r the re a l

e sta te se c to r; to re d uc e c o st o f und e r- c o nstruc tio n pro je c ts

  • Be ne fit to ho using pro je c ts with lo w c o st o f

la nd

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SLIDE 8

Business R egion In F

  • c us | MMR

8

Ke y F ac tor s

Kalyan Vashi Panve l Mumba i Kar jat Khopoli T aloja Badlapur

  • Me tro line in Na vi Mumb a i fro m CBD Be la purvia K

ha rg ha r to Pe nd ha r / T a lo ja (De c 2017)

  • Mumb a i T

ra ns Ha rb o ur L ink fro m Se wri to Nha va Se va (F

  • und a tio n Sto ne la id b y PM, De c 2016)
  • Na vi Mumb a i Co rpo ra te Pa rk in 300 a c re s a t K

ha rg ha r a d jo ining 180 a c re s o f g o lf c o urse , 240 a c re s o f Ce ntra l Pa rk a nd a t 4 km fro m the pro po se d Na vi Mumb a i Inte rna tio na l Airpo rt (NMIA)

  • Go vt. Urb a n De ve lo pme nt De pa rtme nt a llo c a te s INR 120 Billio n fo r 23 NAINA villa g e s
  • CIDCO a wa rd s c o ntra c t INR 1.11 Billio n fo r Na vi Mumb a i wa te r tra nspo rt (F
  • und a tio n Sto ne b y CM, No v

2016)

  • NAINA, 600 sq . km Ne w T
  • wnship b y CIDCO
  • Ad d itio na l me tro c o rrid o r b e twe e n Ma nkhurd a nd Gha tko p a r pro po se d to g o up to Pa nve l via NMIA
  • DMIC - De d ic a te d fre ig ht c o rrid o r (DF

C) b e twe e n De lhi & Mumb a i (o rig ina ting fro m JNPT ) NAINA & K NT

  • Alib a ug -Vira r Multi Mo d a l Co rrid o r

CIDCO’s INR 500bn Inve stme nt Plan

  • Na vi Mumb a i Inte rna tio na l Airpo rt (70b n)
  • JNPT

E xpa nsio n (80b n)

  • NAINA Pilo t Pro je c t (40b n)
  • Na tio na l Hig hwa y E

xpa nsio n (30b n)

  • CIDCO’ s Ra ilwa y & ME

T RO Pro je c ts (131b n)

  • CIDCO’ s Infra De ve lo pme nt Pro je c ts (74b n)
  • Na vi Mumb a i Co rpo ra te Pa rk (75b n)
  • Pr
  • je c te d Job Cr

e ation of ~1mn jobs

Gr

  • wth Dr

ive r s Our Offe r ings

9 ongoing and forthc oming proje c ts 7.5 mn sale able are a

Popula tion (mn) Gr

  • wth

2008 2025 CAGR

MMR 22 34 2.6% Gre a te r Mumb a i 14 17 1.1% Ro MMR 8 17 4.5%

House holds in mn Gr

  • wth

Inc ome L e ve l 2010 2020 2032

0.09 Mn – 0.2 Mn 2.53 1.61 0.51 0.2 Mn – 0.5 Mn 2.79 4.35 6.22 0.5 Mn – 1 Mn 0.12 1.34 2.80

Khar ghar

2

  • Po pula tio n g ro wth in Ro MMR is e xpe c te d to b e a t a CAGR o f 4.5%
  • Ho use ho ld Inc o me in the 0.2 Mn–0.5 Mn a nd 0.5 Mn – 1.0 Mn e xpe c te d to rise fa ste st ind ic a ting ne e d

fo r a ffo rd a b le ho use s

S

  • urc e : industry so urc e s
slide-9
SLIDE 9

Business R egion In F

  • c us |Jodhpur

9

  • 2nd la rg e st c ity o f Ra ja stha n
  • I

nd ustria l c luste r a nd e xpo rt hub o f Gua r Gum, T e xtile s, SS ute nsils, Sto ne pro c e ssing , Ha nd ic ra fts & So lid Wo o d e n F urniture

  • Jo d hpur d istric t ha s po pula tio n b a se o f 3.69 mn
  • E

duc a tio n hub : I IT , I CAI, AI I MS, NIF T , I I HT , F DDI, NL U, JNVU, SN Me dic al Co lle g e a nd MBM E ng ine e ring Co lle g e

  • Co ntinuo us inwa rd mig ra tio n fro m a d jo ining d istric ts o f Pa li, Ma rwa r, Ba rme r, Ja isa lme r, Bika ne r, Ja lo re a nd

Na g o re fo r jo b o ppo rtunitie s, e ntre pre ne urship, he a lthc a re a nd e d uc a tio n a nd urb a n life style with sta tus

  • ITa nd IT

e S c o mpa nie s lo o king a t T ie r IIc itie s a re ma king Jo d hpur a s a hub

  • HPCL re fine ry ne a r Jo d hpur with inve stme nt o f INR 372.3 Billio n will g e ne ra te e mplo yme nt fo r o ve r 100,000

pe o ple

  • Stud y c o nd uc te d b y NCAE

R, Ba rme r re fine ry will g e ne ra te re ve nue s o f ne a rly INR 4 T rillio n in 15 ye a rs

  • On DMIC line s, d e ve lo pme nt o f Ne w Civil Airpo rt a nd Inte g ra te d Multi-Mo d a l L
  • g istic s Hub in Jo d hpur
  • Ma ss Ra pid T

ra nsit Syste m (MRT S) in Jo d hpur a nd Pa li

  • One o f Me g a L

e a the r Cluste r a t a n inve stme nt o f INR 1.25 Billio n will b e in Jo d hpur

Ke y F ac tor s Gr

  • wth Dr

ive r s Our Offe r ings

6 ongoing and forthc oming proje c ts 5.4 mn sale able are a

2

S

  • urc e : Ce nsus data, industry so urc e s
slide-10
SLIDE 10

ASL| T he jour ne y so far

1 2 3 4 5 6

Be g inning in 2009, e sta b lishe d itse lf a s a highly re pute d re al e state de ve lope r in

value housing a c ro ss Navi Mumbai, MMR and Jodhpur re gion

Ha s wo n multiple a wa rds inc luding the a wa rd fo r Be st Corporate Brands 2016 – Re al

E state b y E

c o no mic T ime s

Ove r the past 8 ye ars, de live re d 9 proje c ts with are a of ~2.6 mn. sq. ft.

E xhib ite d Re ve nue CAGR of ~23% o ve r la st 3 yrs, with ope rating profit growing ~6x

15 on-going proje c ts with are a of ~12.9 mn. sq. ft. unde r va rio us sta g e s o f e xe c utio n/

pla nning Gro wn fro m 60 pe o ple in 2009 to 311 e mploye e s a s a t e nd o f Ma rc h 31, 2017

10

slide-11
SLIDE 11

Our ke y str e ngths and diffe r e ntiator s

Cate r to the aspir ations of e nd- use r s by de signing and de live r ing ‘value ’ home s Str

  • ng pr

e se nc e in MMR and Jodhpur r e gions E xpe r ie nc e in land ac quisition & gr

  • wth thr
  • ugh JDAs/ JVs/ PPPs

Pr

  • ve n tr

ac k r e c or d of pr

  • je c t

e xe c ution Str

  • ng pr
  • je c t pipe line pr
  • viding ne ar

te r m c ash flow visibility E xpe r ie nc e d and de dic ate d manage me nt te am Str

  • ng br

and and r e putation Str

  • ng financ ial pe r

for manc e

1 2 3 4 5 8 7 6

11

slide-12
SLIDE 12

Unde r standing and c ate r ing to c ustome r ne e ds and aspir ations

Affor dability L

  • c ation

F inanc ing Aspir ations

  • Offe ring

b e tte r fac ilitie s as c o mpare d to similar c o mpe ting pro je c ts

  • Standard

fac ilitie s inc lude sanitary fitting s fro m Jaq uar, hig h q uality de c o rative paint, re c re atio n are a and c lub /fitne ss c e ntre

  • Pro je c t

appro val fro m mo st ac tive b anks and financ ialinstitutio ns

  • Wide

rang e

  • f payme nt plans to suit the

liquidity c o nditio ns o f the b uye r

  • ASL o ffe rs ho me s rang ing fro m I

NR 15 lakhs to I NR 200 lakhs in MMR re g io n and I NR 10 lakhs to I NR 90 lakhs in Jo dhpur

  • Ab ility to c ate r to wide varie ty o f c usto me r

b udg e ts

  • F
  • c us o n are as with g o o d c o nne c tivity to c o mme rc ial

hub s

  • Cho o se are as with unde rlying infrastruc ture de ve lo pme nts

whic h will le ad to re -rating o f the are a

1

12

slide-13
SLIDE 13

14.4% 15.0% 28.7% 41.8%

Ongoing and for thc oming pr

  • je c ts

Str

  • ng pr

e se nc e ac r

  • ss MMR and Jodhpur

r e gions

Pa nve l Mumba i Ka r ja t Khopoli T a loja Ba dla pur Kha r g ha r T ha ne Shil R

  • a d

Ariha nt Aa lisha n – I

SA: 457,525 sq . ft.

Ariha nt Aa lisha n – II

SA: 512,855 sq . ft.

Ariha nt Anshula

SA: 509,483 sq . ft.

Ariha nt Ana ika – I

SA: 201,289 sq . ft.

Ariha nt Ana ika – II

SA: 186,808 sq . ft.

Ariha nt Arshiya – I

SA: 358,718 sq . ft.

Aiha nt Arshiya – II

SA: 148,052 sq . ft.

Ariha nt Anmol – III

SA: 116,156 sq . ft.

Ariha nt Aloki – I

SA: 109,884 sq . ft.

Ariha nt Aloki – II

SA: 82,727 sq . ft.

Ariha nt Aloki – III

SA: 159,446 sq . ft.

Ariha nt Aa rohi – I

SA: 218,645 sq . ft.

Ariha nt Aa rohi – II

SA: 51,990 sq . ft.

Ariha nt Aka nksha

SA: 3,030,000 sq . ft.

  • ~5.4mn sq . ft. in sa le a ble a re a und e r d e ve lo pme nt in

Jo d hpur a c ro ss 6 pro je c ts

  • Pio ne e ring pro je c t d e ve lo pe d und e r a PPP a g re e me nt

with the g o ve rnme nt o f Ra ja stha n

  • T

he pro je c t ha s b e e n we ll a ppre c ia te d a nd a wa rd e d b y multiple a g e nc ie s

  • Will c o ntinue to b e a n impo rta nt pa rt o f o pe ra tio ns

Ariha nt Arshiya – III

SA: 61,530 sq . ft.

Ariha nt Arshiya – IV

SA: 908,342 sq . ft.

Ariha nt Amisha – I

SA: 134,960 sq . ft.

Ariha nt Amisha – II

SA: 283,530 sq . ft.

2

* S A: S ale ab le Are a

13

Jodhpur Pa nve l MMR Kha rg ha r, Na vi Mumba i

MMR c o nsists o f pro je c ts in Kho po li, Badlapur, Karjat Kharg har, Navi Mumb ai c o nsists o f pro je c ts in Kharg har, T alo ja

T he Company has a ve r y str

  • ng pr

e se nc e in the MMR r e gion... … c ontr ibuting ~42% of ar e a unde r de ve lopme nt … and Jodhpur c ontinue s to be a ke y mar ke t…

slide-14
SLIDE 14

E xpe r ie nc e in land ac quisition & gr

  • wth thr
  • ugh JDAs and PPPs

On- going pr

  • je c ts

Pr

  • je c t Na me

Busine ss mode l1 L a nd Cost/ pe r sa le a ble sq.ft (INR ) % E c onomic inte r e st

Ariha nt Aa ro hi Owne d 602 100% Ariha nt Adita Owne d 24 100% Ariha nt Aya ti Owne d 403 100% Ariha nt Arshiya Owne d 191 100% Ariha nt Aka rsha n Owne d (PPP mo de l) 129 100% Ariha nt Aa nc ha l Owne d (PPP mo de l) 129 100% Ariha nt Aa ng a n Owne d (PPP mo de l) 150 100% Ariha nt Amisha Owne d 304 60% Ariha nt Alo ki JDA2 147 60% Ariha nt Anshula Owne d 346 60% Ariha nt Anmo l Owne d 159 60% Ariha nt Ana ika Owne d 754 60% Ariha nt Aa lisha n JDA 146 60% Ariha nt Aka nksha Owne d 120 60%

90.0% 10.0%

Split by Busine ss Mode l

Owne rship JDA

3

14

1 Owne rship thro ug h e ithe r Ho ldCo o r sub sidiary 2 Partial JDA
  • L

a nd stra te g ic a lly pro c ure d to se rvic e pro je c ts in the pipe line

  • Minimal

strug g le s

  • r

d ispute s with la nd o wne rs, he nc e no d isrup tio n in pro je c t e xe c utio n

  • F
  • c us o n ra pid use a nd turna ro und o f

pro c ure d la nd pa rc e ls

  • Outrig ht purc ha se o f la nd also he lps

d e live rmo re g ro wth in ne t wo rth

slide-15
SLIDE 15

Str

  • ng Pr
  • je c t Pipe line

15

11.8 mn sq.ft. Sale able 2.1 mn sq.ft.

Unde r c onstr uc tion

0.4 mn sq.ft.

Ne ar ly r e ady

9.3 mn sq.ft.

Constr uc tion ye t to star t L and Ac quisitio n Ongo ing; L e ve r aging wide r e latio nship ne two r k / JDA 3.8 mn sq.ft. De live r e d 1 mn sq.ft. Ye t to be c onc e ive d

3

slide-16
SLIDE 16

Pr

  • ve n tr

ac k r e c or d of pr

  • je c t e xe c ution

16

Pr

  • je c t Name

L

  • c ation

Sale able ar e a (sq.ft.)

Ariha nt Arha m Pa nve l 406,950 Ariha nt Ab hila sha K ha rg ha r 250,980 Ariha nt Ad ita I Jo d hpur 506,941 Ariha nt Amo d ini T a lo ja 135,200 Ariha nt Arshiya I K ho po li 358,718 Ariha nt Na g a r (PPP) Jo d hpur 550,000 Ariha nt Ag rima (PPP) Jo d hpur 12,000 Ariha nt Aksh Ba d la pur 238,000 Ariha nt Akriti Ba d la pur 111,125

T OT AL 2,569,914

0.73 0.66 0.48 1.01 0.47 F Y13 F Y14 F Y15 F Y16 F Y17

Ar e a booke d (mn sq. ft.)1 Comple te d pr

  • je c ts

4

1 Also inc lude s b o o king s fo r o ng o ing and fo rthc o ming pro je c ts
slide-17
SLIDE 17

Completed Pr

  • jec t | Ar

ihant Adita - I

17

Photos Sc he matic F e atur e s

Pr

  • je c t

Ariha nt Ad ita

L

  • c ation

Jo d hpur

Pr

  • je c t T

ype

G+14 sto rie d 2, 3-BHK

Sale able ar e a (sq ft)

0.51 mn (Pha se I)

T

  • tal Phase s

F ive

4

slide-18
SLIDE 18

Completed Pr

  • jec t | Ar

ihant Ar ham

18

Sc he matic F e atur e s Photos

Pr

  • je c t

Ariha nt Arha m

L

  • c ation

Pa nve l

Pr

  • je c t T

ype

G+3, G+4 sto rie d 1, 2-BHK

Sale able ar e a (sq ft)

0.41 mn

T

  • tal Phase s

One

4

slide-19
SLIDE 19

Str

  • ng pr
  • je c t pipe line pr
  • viding ne ar
  • te r

m c ash flow visibility

19

5

Pr

  • je c t

L

  • c ation

E c onomic Inte r e st Sale able Ar e a (SqF t) Ar e a Sold (SqF t) % Ar e a Sold % Comple tion Ave r age Rate Sale Value (INR mn) Amount Re c e ive d (INR mn)

Mumbai

1

Ariha nt Aa lisha n - I K ha rg ha r 60% 457,525 189,714 41% 9% 6,485 1,230 381 Ariha nt Aa lisha n - II K ha rg ha r 60% 512,855

  • 0%

0%

  • 2

Ariha nt Anshula T a lo ja 60% 509,483 202,988 40% 49% 4,160 844 606

3

Ariha nt Ana ika - I T a lo ja 60% 201,289 129,230 64% 57% 4,034 521 330 Ariha nt Ana ika - II T a lo ja 60% 186,808

  • 0%

0%

  • 4

Ariha nt Arshiya - I K ha po li 100% 358,718 257,622 72% 100% 2,985 769 680 Ariha nt Arshiya - II K ha po li 100% 148,052 85,262 58% 65% 3,033 259 195 Ariha nt Arshiya - II I K ha po li 100% 61,530 3,080 5% 17% 3,598 11 Ariha nt Arshiya - IV K ha po li 100% 908,342

  • 0%

0%

  • 5

Ariha nt Anmo l - II I Ba dla pur 60% 116,156 67,388 58% 19% 3,373 227 148

6

Ariha nt Alo ki - I K a rja t 60% 109,884 44,259 40% 71% 3,311 147 102 Ariha nt Alo ki - II K a rja t 60% 82,727 13,222 16% 10% 3,409 45 14 Ariha nt Alo ki - II I K a rja t 60% 159,446

  • 0%

0%

  • 7

Ariha nt Amisha - I T a lo ja 60% 134,960 89,075 66% 93% 3,343 298 252 Ariha nt Amisha - II T a lo ja 60% 283,530

  • 0%

0%

  • 8

Ariha nt Aa ro hi - I T ha ne Shil Ro a d 100% 218,645 164,683 75% 90% 4,838 797 741 Ariha nt Aa ro hi - II T ha ne Shil Ro a d 100% 51,990 7,951 15% 0% 4,760 38

  • 9

Ariha nt Aka nksha Pa nve l 60% 3,030,000

268,309

9% 0% 5,566 1,493 271

7,531,940 1,522,783 20% 439 6,680 3,722

Jodhpur

1

Ariha nt Adita - I Jo dhpur 100% 506,941 454,708 90% 100% 2,242 1,019 924 Ariha nt Adita - II Jo dhpur 100% 180,330 88,795 49% 91% 2,575 229 200 Ariha nt Adita - II I Jo dhpur 100% 187,875 106,425 57% 89% 2,632 280 227 Ariha nt Adita - IV Jo dhpur 100% 133,920 36,230 27% 17% 2,672 97 20 Ariha nt Adita - V Jo dhpur 100% 299,070 36,230 12% 0% 681 25

  • 2

Ariha nt Ashra y Jo dhpur 100% 39,000 38,350 98% 0% 2,021 78 5

3

Ariha nt Aa ng a n Jo dhpur 100% 45,600 29,260 64% 26% 2,128 62 25

4

Ariha nt Aa nc ha l - I Jo dhpur 100% 478,800 379,800 79% 18% 2,049 778 226 Ariha nt Aa nc ha l - II Jo dhpur 100% 226,800 142,200 63% 0% 2,279 324 4 Ariha nt Aa nc ha l - II I Jo dhpur 100% 1,436,400

  • 0%

0%

  • 5

Ariha nt Aya ti Jo dhpur 100% 210,421 81,261 39% 81% 3,830 311 251

6

Ariha nt Aa ka rsha n Jo dhpur 100% 1,668,800

  • 0%

0%

  • 5,413,957

1,393,259 26% 230 3,203 1,883 12,945,897 2,916,042 23% 9,883 5,604

No te : Pro je c ts with 100% c o mple tio n and b alanc e inve nto ry g ive b ulk re ve nue s, as e xpe nse s have alre ady b e e n b o o ke d; Co mme nc e d pro je c ts g ive b ulk re ve nue s afte r c ro ssing 25%

slide-20
SLIDE 20

R evenue r ec ognition

20

Sale s star te d not ye t r e c ognise d 10% Sale s ongoing par t r e c ognise d 8% Sale s r e c ognise d c omple te d 14% Sale s ye t to c omme nc e 68%

R evenue r ecognition method…

5

  • As pe r I

CAI g uide line s, re ve nue is re c o g nize d o nly upo n:

  • 25% o f the c o nstruc tio n a nd de ve lo pme nt o f the

pro je c t/ pha se is c o mple te d

  • 25% o f the sa le a b le a re a o f the pro je c t/ pha se ha s b e e n

so ld, a nd

  • 10% o f the a g re e me nt c o nside ra tio n ha s b e e n re a lize d

a g a inst suc h sa le s

…helps exhibit consistent gr

  • wth

Ado ptio n o f % pro je c t c o mple tio n me tho d I nc re a se d numb e r o f pro je c ts a nd pha se s unde r c o nstruc tio n a t va rio us sta g e s E na b le s de live r c o nsiste nt CAGR in a ll b usine ss ve rtic a ls

slide-21
SLIDE 21

Ongoing Pr

  • jec t | Ar

ihant Aalishan

21

Pr

  • je c t De sign

Photos of c onstr uc tion wor k F e atur e s

Pr

  • je c t

Ariha nt Cla n Aa lisha n

L

  • c ation

K ha rg ha r Anne x

Pr

  • je c t T

ype

Stud io , 2, 3, 4-BHK 3, 50-sto rie d to we rs Pre mium

Sale able ar e a in sqft

2.02 mn

Phase s

T hre e

5

slide-22
SLIDE 22

Ongoing Pr

  • jec t | Ar

ihant Ar shiya

22

Photos Sc he matic F e atur e s

Pr

  • je c t

Ariha nt Arshiya

L

  • c ation

K ho po li, MMR

Pr

  • je c t T

ype

G+3,G+8 sto rie d 1, 2-BHK

Sale able ar e a (sq ft)

1.32 mn

Phase s

T wo

5

slide-23
SLIDE 23

Str

  • ng financ ial pr
  • file (c onsolidated)

23

716 1,010 1,098 1,239 1,862 8% 41% 9% 13% 50% 0% 20% 40% 60% 80% 100% 500 1,000 1,500 2,000 F Y13 F Y14 F Y15 F Y16 F Y17 Re ve nue s (INR mn) % gr

  • wth

ASL has e xhibite d str

  • ng gr
  • wth in Re ve nue s1...

13.7% 20.9% 24.2% 29.3% 34.6%

  • 4.0%

1.3% 9.2% 15.4% 17.5% F Y13 F Y14 F Y15 F Y16 F Y17 E BIT DA % PAT %

...and pr

  • fitability...

… with signific antly impr

  • ve d Re tur

n on E quity… ...while maintaining its D:E

E BI T DA is PBT + De pre c iatio n and Amo rtizatio n + F inanc e Co st

(5.5% ) 2.5% 16.4% 23.6% 30.1% F Y13 F Y14 F Y15 F Y16 F Y17 RoE (% ) 2.35 2.42 2.37 2.60 2.36 2.20 2.25 2.30 2.35 2.40 2.45 2.50 2.55 2.60 2.65 F Y13 F Y14 F Y15 F Y16 F Y17 D:E

E xc lude s Curre nt Maturitie s o f L

  • ng T

e rm De b t as c o mparab le data fo r F Y17 is no t availab le

Q1 F Y18 summar y financ ials

INR mn Q1 F Y18 Q1 F Y17

T

  • ta l Inc o me fro m Ope ra tio ns

580.91 311.28 E BIT DA 112.89 76.19 F ina nc ia l Co st 38.28 15.25 De p. & Amo rtiza tio n e xp. 3.05 2.44 T a x 22.01 20.08 PAT 39.00 31.96

6

slide-24
SLIDE 24

Str

  • ng br

and and r e putation – Awar de d for c ustome r

  • c e ntr

ic pr ac tic e s

Be st De ve lope r – Affor dable and Budge t Housing – 2016

NDT V 3 Ariha nt pro je c ts se le c te d fo r Affo rd a b le Ho using und e r “Ho using fo r All b y 2022” - initia tive b y Go I & CRE DAI

Be st Cor por ate Br ands 2016 – Re al E state

T he E c o no mic T ime s

Winne r

  • f Mumbai Hot 50

Br ands – 2015, 2014

One I ndia and Paul Write r

Be st Busine ss Pr ac tic e s awar d in Re al E state – 2014

Ac c o mmo datio n T ime s

Most E ste e me d Ongoing Pr

  • je c t of the Ye ar

Navb harat Re alty Busine ss Ac hie ve rs Award 2016

F

  • c us on Value Housing

E mphasis on quality and be st busine ss pr ac tic e s No loc k- in pe r iod No e sc alation c osts No tr ansfe r c har ge s

  • n r

e - sale

7

24

slide-25
SLIDE 25

Re c ognize d in Mumbai’s Hot 50 Br ands – 2015 and 2014

25

Judge d as one of Mumbai’s Hot 50 br ands by One India and Paul Wr ite r – 2015

slide-26
SLIDE 26

Boar d Of Dir e c tor s

8

26

  • Ove r 2 d e c a d e s e xpe rie nc e in

the re a l e sta te b usine ss

  • Prio r e xpe rie nc e ra ng ing fro m

te xtile , o il re fine ry to re a l e sta te fina nc ing

  • At Ariha nt, he o ve rse e s

c o rpo ra te stra te g y, pro je c t d e sig n a nd la nd a c q uisitio n func tio ns

Ashok Chhaje r , Pr

  • mo te r

, CMD

  • A c ivil e ng ine e r with o ve r 17

yrs e xpe rie nc e in c o nstruc tio n

  • E

a rlie r a sso c ia tio n with Hira na nd a ni g ro up a nd So ha m g ro up, T ha ne

  • Re spo nsib le fo r Pla nning a nd

E xe c utio n, pro je c t e stima tio n, Infra struc ture a nd site o rg a niza tio n o f pro je c ts

Nimish Shah, Who le -T ime Dir e c to r

  • Ove r 25 ye a rs e xpe rie nc e with

va rio us g o ve rnme nt d e pa rtme nts

  • E

a rlie r a sso c ia te d with CIDCO a s Jo int Ma na g ing Dire c to r

Vinayak Nalavde , Inde pe nde nt Dir e c to r

  • A Cha rte re d Ac c o unta nt

re tire d a s Pre sid e nt - F ina nc e & Co mme rc ia l a t Ispa t Ind ustrie s L td

  • E

a rlie r a sso c ia te d with c o mpa nie s like Birla Co rp, Ja i Pra ka sh Ind ustrie s, a nd JK Co rp

Dine sh Chandr a Babe l, Inde pe nde nt Dir e c to r

  • II

T Alumnus a nd a fe llo w c ha rte re d e ng ine e r

  • Va st e xpe rie nc e in

c o nstruc tio n, re a l e sta te , po we r pla nts, mining a nd hig hwa y pro je c ts

  • E

x-g o ve rnme nt e mplo ye e with Ra ja stha n

Vir e ndr a Mittal, Inde pe nde nt Dir e c to r

  • A la w g ra d ua te with va st

e xpe rie nc e a c ro ss le g a l fra me wo rk a nd spe c ia liza tio n in Co rpo ra te L a w.

  • Wo rke d e a rlie r with ICICI

g ro up. Curre ntly running a n Ind e pe nd e nt L e g a l c o nsulta nt in the a re a o f Co rpo ra te L a w/ re a l e sta te

Kamini Shr

  • ff,

Inde pe nde nt Dir e c to r

  • Ne a rly 4 d e c a d e s e xpe rie nc e

in the fina nc ia l se rvic e s ind ustry

  • F
  • rme r Cha irpe rso n a nd

Ma na g ing Dire c to r o f Ba nk Of Ind ia

  • Me mb e r (F

ina nc e a nd Inve stme nt s) o f IRDAI

Vijayalakshmi Iye r ,

  • Addl. Inde pe nde nt Dir

e c to r

  • Ove r 38 ye a rs o f e xpe rie nc e in

e c o no mic s, b a nking , fina nc e a nd po rtfo lio ma na g e me nt

  • F
  • rme r Cha irma n a nd

Ma na g ing Dire c to r o f L ife Insura nc e Co rpo ra tio n o f Ind ia

  • Also a fo rme r Me mb e r o f the

Se c uritie s Appe lla te T rib una l

R aj Nar ain Bhar adwaj, Inde pe nde nt Dir e c to r

slide-27
SLIDE 27

E xpe r ie nc e d and de dic ate d manage me nt te am

8

27

  • Dua l spe c ia liza tio n in

Ma rke ting a nd L

  • g istic s fro m

Ohio Sta te Unive rsity, Co lumb us USA

  • At Ariha nt, he is invo lve d in

sa le s, ma rke ting & e xpa nsio n

Akshay Agar wal, Dir e c to r

  • Pr
  • c ur

e me nt

  • A c ivil e ng ine e r with o ve r 20

ye a rs’ e xpe rie nc e in pro je c t pla nning a nd e xe c utio n

  • At Ariha nt, he d rive s the

pro je c t e xe c utio n a t the Jo d hpur re g io n

Piyush Dosi, Dir e c to r

  • Jo dhpur
  • 30 ye a rs e xpe rie nc e in Re a l

E sta te , Me d ia , Ca pita l Ma rke ts & Inve stme nt Ba nking with Na ma n, Re lia nc e Pe tro le um

  • Re spo nsib le fo r Co rpo ra te

F ina nc e , Inte rna l Co ntro ls, Bud g e ting & F

  • re c a sting

Manish Me hta, CF O

  • MMS & BE

(Me c h)with 13+ ye a rs o f ha nd s-o n e xpe rie nc e in the Re a l E sta te , T e le c o m a nd IT

  • Wo rke d with Ind ia b ulls

Distrib utio n Se rvic e s is re spo nsib le fo r d ire c t sa le s & Cha nne l sa le s a t Ariha nt

Pankaj Bor e le , VP - Sale s

  • An MBA, with BSc .(T

e c h)UDCT a nd o ve r 20 ye a rs o f ind ustry e xpe rie nc e in b usine ss stra te g y, pla nning & b usine ss d e ve lo pme nt

  • He a d s inve sto r

re la tio ns, c o rpo ra te pla nning a nd b usine ss stra te g y

Ume sh Jhawar , VP - Str ate gy and IR

  • A c ivil e ng ine e r with o ve r 25

ye a rs’ e xpe rie nc e in pro je c t pla nning a nd e xe c utio n

  • At Ariha nt, he d rive s the

c o mple te pro je c t ma na g e me nt

Vijay De sai, T e c hnic al He ad

  • E

xpe rie nc e o f 15 ye a rs in fie ld

  • f c o nstruc tio n b o th ind ustria l

a nd re sid e ntia l c ivil wo rks

  • At Ariha nt, he is the he a d o f

c ivil a ffa irs in the Jo d hpur re g io n

Ajay Pur

  • hit,

He ad - Civil- Jo dhpur

  • A Co mpa ny Se c re ta ry with

e xpe rie nc e in c o rpo ra te a ffa irs a nd le g a l fra me wo rk

  • Spe c ia liza tio n in c o rpo ra te

la w, inve sto r g rie va nc e ha nd ling , c o rpo ra te g o ve rna nc e a nd sta tuto ry a ffa irs.

Naval Kishor e Singh, Co mpany Se c r e tar y

slide-28
SLIDE 28

Gr

  • wth Str

ate gy

Continue d foc us on affor dable housing in MMR and Jodhpur E mphasis on high quality de ve lopme nt and e ffic ie nt e xe c ution Maintain and e nhanc e br and value T

  • minimize
  • ve r

he ads to impr

  • ve

pr

  • fitability

T

  • use outr

ight land pur c hase for affor dable housing; JDA for pr e mium pr

  • je c ts

F

  • c us on fr

e e c ash flow ge ne r ation

28

slide-29
SLIDE 29

Contr ibuting to the c onstr uc tion of sc hool building, Jodhpur

  • Co nstruc tio n o f sc ho o l b uilding to re pla c e o pe n

c la ssro o ms

  • T

he b uilding wo uld ha ve b a sic infra struc ture suc h a s 10 c la ssro o ms a nd multi-purpo se ha ll

Village Infr astr uc tur e De ve lopme nt, Navi Mumbai

  • I

nfra struc ture de ve lo pme nt ne a r Pa nve l to a ddre ss wa te r sho rta g e

  • Ro a d wide ning fo r villa g e ne a r T

a lo ja

Amphithe atr e Constr uc tion for Colle ge

  • Co nstruc tio n o f a ne w Dia s a nd Amphithe a tre fo r

stude nts’ e xtra c urric ula r a c tivitie s

Cor por ate Soc ial R esponsibility – Key Pr

  • jec ts

29

Amphithe atr e & Dias fo r Jai Nar ain Unive r sity Village infr a de ve lo pme nt Panve l Sc ho o l Building

slide-30
SLIDE 30

F inanc ial Snapshot| Inc ome Statement

30

Pa rtic ula rs (INR mn) Qua rte r e nde d 30 June T we lve months e nde d Ma rc h 31, 2017 2016 2017 2016 2015

Re ve nue fro m o pe ra tio ns 580.9 311.3 1,848.1 1,223.6 1,078.9 Othe r inc o me

  • 14.4

11.6 18.7

T

  • ta l Re ve nue

580.9 311.3 1,862.5 1,235.3 1,097.6

Co st o f c o nstruc tio n 436.7 356.5 2,081.0 1,151.7 1,205.8 (I nc re a se )/ De c re a se in sto c k (403.8) (189.8) (1,137.2) (478.9) (540.6) E mplo ye e b e ne fit e xpe nse s 25.8 19.6 84.8 79.4 64.7 F ina nc e c o sts 38.3 15.3 101.2 36.4 64.3 De pre c ia tio n a nd Amo rtisa tio n e xpe nse s 3.0 2.4 10.2 10.8 11.1 Othe r e xpe nse s 45.9 48.9 190.4 132.8 102.0

T

  • ta l e xpe nse s

509.3 252.8 1,330.4 932.2 907.3 Profit be fore ta x 71.6 58.5 532.1 303.1 190.4

Ne t ta x e xpe nse 22.0 20.1 172.9 105.7 76.7

Profit / (L

  • ss) from c ontinuing ope ra tions be fore MI a nd Sha re in

Assoc ia te s 49.6 38.4 359.1 197.3 113.6

Mino rity I nte re st 10.6 6.5 32.4 (19.7) (12.2) Sha re o f Pro fit / (L

  • ss) in Asso c ia te s
  • (0.1)

Profit / (L

  • ss) for the ye a r

39.0 32.0 326.8 177.6 101.3

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SLIDE 31

F inanc ial Snapshot| Balanc e Sheet

31

Pa rtic ula rs (INR mn) T we lve months e nde d Ma rc h 31, 2017 2016 2015 Sha re holde rs’ funds 1,086.1 750.2 617.2 Minority Inte re st 79.0 46.6 26.9

L

  • ng -te rm b o rro wing s

2,015.3 1,778.2 990.9 De fe rre d ta x lia b ilitie s (Ne t) 0.1 0.9 2.1

Non- c urre nt L ia bilitie s 2,015.4 1,779.2 993.0

Sho rt-te rm lia b ilitie s 542.9 326.9 469.1 T ra de pa ya b le s 244.1 154.3 83.5 Othe r c urre nt lia b ilitie s 1,756.0 1,561.6 1,624.9 Sho rt-te rm pro visio ns 370.5 108.4 132.5

Curre nt lia bilitie s 2,913.5 2,151.3 2,310.0 T

  • ta l L

ia bilitie s a nd E quity 6,093.9 4,727.2 3,947.0

F ixe d Asse ts 40.6 48.4 53.2 No n-c urre nt inve stme nts 90.5 50.0 10.0 L

  • a ns & Adva nc e s

328.0 272.2 122.1

Non- Curre nt a sse ts 459.2 370.6 185.4

Curre nt inve stme nt 1.7 1.7 0.3 I nve nto rie s 3,451.8 2,321.5 1,842.5 T ra de re c e iva b le s 335.3 93.3 65.9 Ca sh a nd c a sh e q uiva le nts 85.4 45.7 30.8 Sho rt-te rm lo a ns a nd a dva nc e s 364.2 185.3 294.7 Othe r c urre nt a sse ts 1,396.3 1,709.2 1,527.4

Curre nt a sse ts 5,634.7 4,356.6 3,761.7 T

  • ta l Asse ts

6,093.9 4,727.2 3,947.0

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SLIDE 32

Cor por ate Str uc tur e

32

Ar ihant Supe r str uc tur e s L imite d

Ariha nt Ab o de L imite d Ariha nt Va tika Re a lty L imite d Ariha nt Gruhnirma n Priva te L imite d Ariha nt Aa shiya na Priva te L imite d

Ariha nt Aka nksha Ariha nt Anmo l Ariha nt Ana ika Ariha nt Aa lisha n Ariha nt Alo ki Ariha nt Amisha Ariha nt Anshula Ariha nt Aro hi Ariha nt Arshiya Ariha nt Ad ita Ariha nt Ashra y Ariha nt Aa nc ha l Ariha nt Aa ng a n Ariha nt Aa ka rsha n Ariha nt Aya ti

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SLIDE 33

T ha nk Yo u!

33