Corporate Presentation

August 2009
Disclaimer

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respect to matters concerning any statement made in this Information Package. This Information Package contains several forward
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projections would materialize or that Ackruti City Limited would achieve the same, wholly or in part or at all. All forward looking
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For any further information/queries regarding this document please contact:

Ackruti City Limited, Akruti Trade Centre, Road No. 7, Marol, MIDC, Andheri (East), Mumbai – 400 093, Board: +91 22 6677 2301
Corporate Overview

Leading Real Estate Developer with a Western India Focus

Replicating success in Mumbai to other lucrative markets like Pune, Surat, Baroda and Ahmedabad

Robust pipeline of over 50 mn square feet(1) under ACL’s management within city limits

Most of the existing land parcels have already been paid for

Land acquisition only at highly competitive prices

Does not believe in land parcel aggregation for the purpose of valuation

Average Project turnaround – 4 years approximately

Ensures healthy cashflows

Experienced and professional management team led by Mr. Hemant Shah and Mr. Vyomesh Shah

3 decades of construction and engineering expertise

In-house cross-functional expertise with over 375 employees including 275 professionals

Combining Corporate Social Responsibility (CSR) with commercial viability

Leading the transformation of the social and economic infrastructure of cities
Notes:
(1) Excluding townships and Biotech park; ACL's share
Innovative Low Cost Land Aggregation…

Scaling up of PPP

PPP

URS Started PPP projects

with Government of
Maharashtra and
Gujarat
Scaling up of Slum
Rehabilitation Started development of
Breach Candy Car Park
2008
as a PPP project

Commenced large 2006

SRS scale residential
project in South
Commenced MIDC, Mumbai
MMRDA and other 2004
projects involving
rehabilitation of over
6,000 families

2001
Completed first SRS of
Mumbai rehabilitating over
200 families

1997
…And Product Development…

Actual Launched affordable housing projects on a larger scale

2009 Downturn

Beginning of Launched IT SEZ in Pune and deferred other project

2008 Downturn launches for the year

2007 Shift in Demand Converted five retail projects to commercial in spite of

the availability of anchor tenants

Commenced first Municipal Tenement Rehabilitation

2003 Opportunity
and completed the Mankhurd Project

Turbulent Launched Affordable Housing Projects

1999 Markets

Demand in Launched First Softech Park through SRS

1997 IT Sector
…Ensure Higher Profitability – Even in
Turbulent Times…
Low cost land acquisition gives higher margins compared to others

Market Price

Price Correction
By 30%

Land Cost
Land Cost

Land Cost
Construction Costs
Other developers Other developers Ackruti City during
during good times during recessionary times recessionary times
Profitability
… As Exemplified in The Past…

Innovative Car Park with Retail Area

A small piece of land now accommodates 240 Cars

and a retail mall, where earlier only 15-20 cars used to
be parked
Car Park

The only fully automated 20 storied parking system
in India

Strategically located at Breach Candy, a premium

Retail retail destination

The project offers potential of high - end retail

development catering to sizable catchments

The multilevel mechanized car parking system has

been imported from Germany

The construction of the car park gave ACL access to FSI to build a retail space at significantly lower costs
…Resulting in Superior Financial
Performance
Revenue (INR mn) EBITDA (INR mn)

5,000 CAGR 4,450 4,348 5,000 CAGR 4,095

FY05 – FY09: 45% FY05 – FY09: 67% 3,791
4,000 4,000

3,000 3,000
1,994 1,779
2,000 2,000
1,011
675 748
1,000 1,000 311
0 0
FY05 FY06 FY07 FY08 FY09 FY05 FY06 FY07 FY08 FY09

PAT (INR mn) EPS

4,000 50 45
CAGR CAGR 40
FY05 – FY09: 82% 2,994 FY05 – FY09: 82%
2,603 40
3,000
30
2,000
20
755 9 11
1,000 631
132
10 2
0 0
FY05 FY06 FY07 FY08 FY09 FY05 FY06 FY07 FY08 FY09

Key Ratios FY05 FY06 FY07 FY08 FY09

EBITDA margin (%) 46.1 37.5 56.8 79.7 89.9

PAT margin (%) 19.6 31.6 42.4 62.9 56.0

Investment Highlights

Pioneers and
Leaders in Slum Western India
Rehabilitation Focus
and URS

Experienced Foresight and

Management Team Adaptability

Strong Visibility Leveraging through

in Project Pipeline Partnerships
Pioneer and Leader in SRS: Past Execution
Providing Opportunity
Excellent track record in the SRS gives it access to prime property all over Mumbai

Till date has completed approximately 4.7 mn square Ishwari Kailash, Dharavi
feet of rehabilitation area and has 5.4 mn square feet
under construction

Has successfully provided housing for over 10,000

tenements and currently executing construction of
further 12,000 tenements

Spearheaded the formation of the SRA guidelines

Ackruti was awarded the 1st slum rehabilitation project by the

Maharashtra Government in 1995

Opportunity for SRS: Mumbai is marred by the dominance of slums

The Slums of Dharavi
More than 65% of Mumbai’s populations live in slums

Dharavi, one of the slums in Mumbai, is spread over

an area of 553 acres, highlighting the potential of land
available under SRS in Mumbai

Ackruti, with its experience in SRS, believes that it is best positioned to leverage the opportunity
Pioneer and Leader in SRS : Leading The
Transformation
Akruti Center Point located in MIDC Industrial Area

Rehabilitation Building Construction of Free Sale Area

Saleable Area (Approx) 200,000 sq.ft

Year of Completion 2006

Clients*

Slum Ackruti Center Point

*All trademarks are properties of the respective owners

Western India Focus: The Right Location

All Ackruti’s projects are located within city limits

Mumbai City: Ackruti’s Footprint Ackruti’s Western India Focus

Mehsana

Ahemdabad
Vadodara
Surat

Thane
Mumbai
Pune

Ackruti’s Mumbai Presence: By Area

Island City
6.0%
South
Mumbai
14.0%
Central
Suburbs
57.0%
Western
Suburbs
23.0%
Foresight And Adaptability: Right Product at
The Right Time
Converted Retail Projects to Commercial: Foresight to capture shift in demand away from retail

Ackruti IRIS, Andheri K-Park, Kanjur Marg S-Park, Thane

Saleable Area (Approx) 700,000 sq. ft Saleable Area (Approx) 163,000 sq. ft Saleable Area (Approx) 150,000 sq. ft

Year of Completion 2011 Year of Completion 2008 Year of Completion 2008

Converted IT Park Project to Residential: Foresight to identify softening demand for commercial IT space

IT Park Residential

Residential Project Details

Location Pokhran Road, Thane

Saleable Area Approx. 900,000 sq. ft

Affordable/Mass Housing Projects:
The Right Price
Price Revision /
Experience First Mover Product Launch

Quick in Forecasting Change in

demand

Synergizing Low Cost Construction

Competencies from SRS and PPP

Able to maintain profitability even

at reduced prices

Ackruti has already sold approximately 820 flats in 3 schemes

Leveraging Through Partnerships

Prominent names in the industry choose to partner with ACL to leverage on ACL’s execution capabilities

Developers partner with ACL for its

Strategic Partners execution expertise across real estate
verticals

ACL has strong relationships with local and

Contracting Partners national contractors

Long term relationships with various marquee

Financial Partners banks and PE firms has given ACL access to
funds even during tight credit environment

No litigation with land owners, contractors, JV partners and financial partners

Robust Visible Project Pipeline

Area under ACL’s management: 53.7 mn sq. ft.(1)- ACL’s Share is 27.5 mn sq. ft. (1)

Split by Development Verticals (27.5 mn sq. ft.) Split by Project Locations (27.5 mn sq. ft.)
URS Jaipur
Bangalore
SRA 1.7% Gujarat 3.0% 0.04%
17.1% Virgin Land 13.0%
Projects
34.6%
Thane
14.0% Mumbai
PPP 54.0%
20.9%

SEZ Pune
25.6% 16.0%

Split by Product Mix (27.5 mn sq. ft.) Split by Number of Projects

Hotel/ Retail/ URS
SEZ
Hospitality Shopping 2.0%
4.0%
5.0% 1.0%
IT Park/SEZ PPP
16.0% 17.0%
Residential SRA
47.0% 46.0%

Commercial Virgin Land

31.0% 31.0%
Notes:
(1) ACL’s Share excluding Townships and Biotech Park

ACL’s share of project pipeline including Townships and Biotech Park: 97.26 mn sq. ft.
Board of Directors

 Civil Engineer from Mumbai University with over 30 years of experience

Mr. Hemant Shah  Presently overseas construction planning, execution, marketing and sales functions
Executive Directors

Chairman

 A Chartered Accountant with over 25 years of experience

Mr. Vyomesh Shah  Serving as the President of the Slum Redevelopers Association and Secretary of Maharashtra
Managing Director Chamber of the Housing Industry
 Presently overseas approvals, finance and legal functions

 Bachelor of Arts degree

Mr. Madhukar Chobe  Has served in the Indian Army and 23 years in the Indian Administrative Services
Whole Time Director

 Ex-Managing Director and CEO of NCDEX

Mr. P.H. Ravikumar
 Awarded gold medal in banking by the French Chamber of Commerce
 Currently on the board of Bharat Forge, Eveready, Federal Bank and NABARD Consultancy Services
Non-executive Directors

 Qualified Chartered Accountant

Mr. Shailesh Haribhakti  Chairman of the Financial Planning Standards Board
 Only Indian member of the reconstituted Standards Advisory Council of the International Accounting
Standards Board

 Bachelor of Science in Chemistry and Agriculture – Ex Director, CBI

Mr. D.R. Kaarthikeyan  Holds positions as Chairperson / Patron / President / Deputy Chairman /Adviser / Member in several
voluntary organizations including the World Community Service Centre, the National Agriculturists
Awareness Movement, the Human Rights Organization

 Qualified Chartered Accountant

Mr. Shailesh Bathiya
 Has over 26 years experience in the fields of Finance, Auditing & Accounting, Mergers & Acquisitions,
Corporate Law matters, Project Finance, Taxation, Management Consultancy, etc.
Key Management Personnel

 Civil Engineer from Mumbai University with  Served over 30 years in the Indian
over 30 years of experience Police Service cadre
Mr. Hemant Shah Mr. V. N. Deshmukh
Chairman  Presently overseas construction planning, Chief Security Officer  Last retired as Director General of
execution, marketing and sales functions Police, Maharashtra

 A Chartered Accountant with over 25 years  35 years of experience in the areas

of experience Mrs. Charuta Malshe of human resource and
Mr. Vyomesh Shah
 Serving as the President of the Slum Chief Administrative administration
Managing Director Redevelopers Association and Secretary of Officer
Maharashtra Chamber of the Housing Industry

 Bachelor of Arts degree  Chartered Accountant degree from

 Has served in the Indian Army and 23 years the Institute of Chartered
Mr. Madhukar Chobe Mr. Rajendra Shah
in the Indian Administrative Service Accountants of India and is an
Whole Time Director Head Budget and MIS
associate member of Institute of
Cost & Works accountants of India

 Served in Indian Army for more than 24  Over 30 years of post qualification
Col. Rajbir Malik years Mr. Chetan Mody experience in the field of
Chief Operating Officer  Has over 41 Years of professional Company Secretary secretarial, legal and general
experience in the field of Project administration
Management, Execution and Administration

 Qualified Chartered Accountant  Has over 14 years of experience in

Mr. Bharat Mody  Has more than 24 years of professional Mr. Mayur Shah marketing and sales functions
Chief Finance Officer experience in the areas of Finance, Tax, Chief Sales Officer  Responsible for marketing and
advisory, Portfolio Management etc sales of projects at Ackruti
Annexure
Some Landmark Residential SRS Projects

Ackruti Erica located in Vile Parle (East)

Saleable Area (Approx) 84,000 sq. ft.

Year of Completion 2008

Akruti Niharika located near the Western Express Highway

Saleable Area (Approx) 300,000 sq. ft.

Year of Completion 2006
Strong Project Pipeline: SRS

Saleable area in SRS projects: 4.7 mn sq. ft.

Key Projects

Projected Completion
Project Location Project Type ACL's Saleable Area (approx. sq. ft.) Date
Worli Residential 150,000 Sep-12
Mahalaxmi Residential 475,000 Dec-15
Bandra (W) Residential 310,000 Mar-13
Matunga Residential 82,000 Mar-13
Andheri (E) Residential 64,000 Sep-11
Wadala Residential 710,000 Sep-13
Bandra (E) Commercial 155,000 Sep-13
BKC Commercial 80,000 Jun-12
Andheri (E) Commercial 710,000 Sep-12
Andheri (E) Residential 230,000 Mar-11
Jogeshwari (E) Commercial 175,000 Mar-12
Ackruti Vedant IRIS Ackruti Solitaire Ackruti Regent
Strong Project Pipeline: PPP

Saleable area in PPP projects : 5.8 mn sq. ft.

IVIL: Building of Government staff quarters and offices enables it to obtain land at lower cost

Saleable Area(1) Approx. 1,300,000 sq. ft.

Location Ghatkopar

Government Staff Quarters Government Office

GSRTC Project: Bus Terminals in Gujarat will be transformed into modern commercial complexes

Saleable Area(1) Approx. 3,500,000 sq.ft.

Location Surat, Vadodara,
Mehsana

Commercial Area Bus Terminals

Notes
1. Saleable area denotes only ACL’s share
Affordable/Mass Housing Projects

Ackruti Gardenia

Saleable Area Approx 120,000 sq. ft.

Location Mira Road
Year of Completion 2012

Ackruti Greenwoods

Saleable Area Approx. 900,000 sq. ft

Location Thane
Year of Completion 2012
Virgin Land Projects

Saleable area in Virgin Land projects : 9.5 mn sq. ft.

Pune, Khondwa Residential Project

Saleable Area(1) Approx. 2,100,000 sq. ft.

Year of Completion 2014

Hindustan Mills (Hotel and Commercial), Prabhadevi, Mumbai

Saleable Area(1) Approx. 1,100,000 sq. ft.

Year of Completion 2014

Notes
1. Saleable area denotes only ACL’s share
Thank You