TARC Limited has informed the Exchange about Investor Presentation
TARC LIMITED
(Formerly Anant Raj Global Limited) CIN: L70100HR2016PLC065615 Corporate Office: C-3, Qutab Institutional Area, Katwaria Sarai, New Delhi-110016 Tel: 011-41244300, 011- 41244344 Email: tarc@tarc.in
Website: www.tarc.in
a
July 09, 2021
To, The General Manager, Deptt of Corporate Services, BSE Limited, P.J. Tower, Dalal Street, Mumbai — 400001
To, The Vice President, National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (E) Mumbai — 400051
Scrip code: 543249
Scrip Symbol: TARC
Sub: Presentation on Company’s Projects
Dear Sir,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements)
Regulation 2015, we are pleased to submit a Presentation on the latest key financials and status of
ongoing projects/New launches of the Company.
You are requested to kindly take the same on your records.
Yours Faithfully
For TARC Limited
ae
Amit Narayan Company Secretary A20094
Registered Office: G002, MACEO, Sector-91, Gurugram, Haryana-122505
Tel: 0124-5082424
Creating Enduring Value
Q4&FY21
Investor Presentation
Refer To disclaimer at end
We believe in transforming urban living by empowering people to experience their lives more meaningfully.
Index
01
02
03
04
05
Designed Around You
Our Approach
Ready For Today, Ready For Tomorrow
Our Philosophy
Our Vision & Mission
Core Principles
Our Business Model
What we do
06
07
08
09
10
11
Integrated Approach
Ongoing Projects / New Launches
Q4&FY21 Financial Highlights
Our Management Team
Project Details
Contact Us
Our Approach
At TARC Ltd, we are passionate about creating beautiful
homes, harmonious workspaces and welcoming lifestyle
hubs.
We are invested in our journey of co-creating the future
with our consumers so that they can explore and engage
with life more meaningfully. We stay true to our purpose
of curating living spaces for the health and happiness of
communities. This means designing an ecosystem where
relationships are nurtured and enhanced. We have built
our culture and capabilities around continuously evolving
consumer tastes and aspirations.
It is here, through our unwavering commitment, that we
are able to bring boundless urban living to life.
Our Philosophy
Create
These words lie at the heart of TARC enabling us to stay committed to being the enablers of change.
Protect We never lose sight of our responsibilities towards our partners, employees and the society around us.
Nurture
As we grow and achieve greater success, humility and compassion keeps us grounded.
Our Vision
Unlocking human potential by bringing seamless, wholesome living to life.
Our Mission
To create enduring value through curating experiential living. We strive to transform urban lifestyles by empowering people to actualise and experience their lives more meaningfully.
Core Principles
Our values define what we stand for.
Integrity Leads Us
Creating Enduring Value
Humility & Strength
We believe in leading with transparency and strive to build strong relationships based on trust with all our stakeholders.
Our true measure of success is creating wonderful experiences for our customers by thinking out of the box.
We have a responsibility to create a welcoming, trusted and inclusive workspace that fosters warmth and individual expression.
Own the Outcome
The Power of WE
Break the Mold
We work together to accelerate our growth. We make everyday count. We value time and think action at every step.
We work towards achieving excellence collectively by empowering, recognising and providing equal opportunity to all.
Our tools help us exceed expectations with creativity and imagination by aiming higher and adopting smart work practices.
Business Model
The business of TARC Limited under the leadership of Mr Anil Sarin has evolved over the last 4 decades starting out as a Construction Company and
evolving to become one of the largest real estate development Company and land bank holders in the National Capital.
TARC, over the years has accumulated a significant land bank of more than 600 prime acres which is wholly owned and paid for. The acquisitions were
typically made in the National Capital where tremendous growth prospects were foreseen. This has helped TARC develop a matrix where significant part of
its land acquisitions have today become marquee assets with substantive growth opportunities.
The Company has land parcels and built-up assets inside the Municipal limits of New Delhi in Hauz Khas, Bhati, Chattarpur, Mehrauli, Samalka, Rajokari,
Satbari, Shahoopur, Punjab Khore, Khera Kalan, Budhpur, Jindpur, Nanglipuna, Alipur, Pur etc. which alone constitute to be over 375 acres of fully paid-up land.
Additionally the Company has land parcels in Gurgaon and other areas in the National Capital Region besides Manesar, Noida and Greater Noida where
the Company's land holdings exceeds 250 acres of prime land.
TARC had certain land parcels and miscellaneous assets which have been subjected to acquisition by various Government organizations. The Company is
pursuing its claims on such acquisitions which is likely to stream in a righteous compensation amount of approx Rs. 700 Cr in the near future.
TARC expanded its presence in the National Capital through key Developments across different verticals like Residential, Hospitality, Commercial and Retail
projects. Vibrant markets and evolving lifestyles provide the impetus to create and curate future ready developments. A significant part of the Company's
land bank is now ready for development considering the growth opportunities of New Delhi.
TARC pursues a rewarding Business Model by creating enduring value through curating experiential living. Closely owned and run businesses place
importance on hitting business goals and the overall company vision in a long-term period rather than a short-term period. This long-term perspective,
when properly moulded and intelligently utilized, allows for creative decision-making and strategy development
What We Do
Mass housing Since inception, we developed mass housing projects for urban development authorities in the National Capital
Shopping Malls Developed the Moments Mall in 2011 as a marquee retail development housing leading brands for different entertainment & expansive food lounges.
zones
and
TARC
Residential project Recently “Maceo” over 15.50 acres in Sector 91, its Gurgaon. MACEO is handing over process of 788 units
concluding
completed
Multiplex cum mall Currently developing a multiplex with retail offerings for cafes and restaurants to complement retail development in East Delhi
High end residential
Commercial
TARC is developing high end residential projects. Currently developing 3 prime premium projects; one each in Hauz Khas in South Delhi, Central West Delhi and Rajokri(Aerocity)
Currently developing ‘TARC Visva’, an ultra luxury mixed use development comprising Boutique Hotel, Grade “A” Office Blocks, Branded Serviced Apartments, Retail and Convention facilities.
Tech Parks
TARC is developing a Build to Suit (BTS) premium technology facility in Tech Zone, Greater Noida, for meeting the rapidly growing Data Centre needs
Warehouses Currently developing Build to Suit Warehouses over 3 land parcels of approx 45 acres in North Delhi with leasable space of 15.7 lac sq ft. and 25 acres in Manesar with leasable area of 6.5 lac sq ft
in
located
facilities
Hotels / Serviced Apartments 3 existing hotels : TARC Chattarpur: Hotel with multiple banquets & pristine convention surroundings on Chattarpur Mehrauli Rd., Delhi TARC Tricolor: Located on NH8, New Delhi with modern upscale Convention facilities & well appointed guest rooms TARC Asera: Hotel with Convention area located in Chattarpur Mehrauli Road, New Delhi in green areas of the capital
Integrated Approach
WAREHOUSE
02
3 warehouses with 15.70 lac sq ft leasable
area in North Delhi
A warehouse with 6.50 lac sq ft leasable
area in Manesar
A large project recently delivered
4 ongoing residential projects
Delivered to date: 59.80 lac sq ft Ongoing / Planned: 29.57 lac sq ft
High operating margins
01
RESIDENTIAL
COMMERCIAL
Completed 40.45 lac sq ft of institutional area and
03
Tech Parks
Upcoming
5 lac sq ft of Grade A Commercial project in South
Delhi
5 lac sq ft industrial park in Greater Noida
04
Delivered 4 hotels and 1 service apartment
Upcoming
8.65 lac sq ft of hotels and service apartments
HOSPITALITY
Ongoing Projects / New Launches
Project Name
Project description
Location
Status / Launch date
Constructible area (sq ft)
Area available for booking (sq ft)
Area booked till date (sq ft)
Rate per sq ft (Rs)
Booking Value (Rs cr)
Booked (Rs cr)
Residential Group Housing
Sec 91, Gurgaon
95% completed
15,80,172
1,71,009
14,09,163
4,500
630
565
TARC Maceo
TARC Central West Delhi
Residential
TARC, Hauz Khas
Residential
TARC, Premier Rajokri Residences
TARC Residential
Residential
Residential (DDU Scheme)
TARC Visva
Grade A Commercial, Service Apartment and Hotel Project
TARC Lakeview
Multiplex cum Mall
Central West Delhi
Hauz Khas, New Delhi
Kapashera, New Delhi
Sec 63A, Gurgaon
South Delhi
Trilokpuri, Delhi
Q4 FY 2021-22
Q3 FY 2021-22
Q3 FY 2021-22
Q3 FY 2021-22
Q1 FY 2022-23
14,40,000
14,40,000
2,45,000
2,45,000
4,80,000
4,80,000
6,37,000
6,37,000 / 520 units
9,00,000
9,00,000
-
-
-
-
-
*Rs. 20,000 psf
*Rs. 35,000 psf
*Rs. 12,500 psf
*Rs. 8,500 psf
*Rs. 90 psf per month, average across all verticals
65% completed
1,00,000
70,000** + 30,000***
70,000 sq ft – Multiplex
@Rs 80 lac p.m.
-
-
TARC Warehouse
Warehouse
North Delhi
TARC Tech Park
Industrial Park
Greater Noida
Q2 FY 2021-22
Q4 FY 2021-22
12,50,000
12,50,000
5,00,000
5,00,000
-
-
*Rs. 50 psf per month
*Rs. 27 psf per month
* Indicative Prices ** Pre contracted with a leading multiplex player *** Available for lease to others5
Q4&FY21 Financial Highlights
Key Financials (Consolidated)
Profit & Loss
Rs. In Crore)
Total Income
Adjusted EBIDTA*
EBIDTA
Profit Before Tax
Net Profit
Q4FY21
Q3FY21
Q4FY20
YoY%
FY2021
FY2020
YoY%
94.70
22.60
6.82
1.73
0.95
66.78
27.40
13.60
5.01
8.90
59.68
21.72
11.08
0.51
1.49
158.7%
104.1%
61.6%
339.1%
63.7%
220.87
191.03
115.6%
72.18
29.68
0.93
6.17
121.82
59.3%
97.48
30.5%
64.71
1.4%
53.10
11.6%
Profitability Indicators
Q4FY21
Q3FY21
Q4FY20
YoY%
FY2021
FY2020
YoY%
Adjusted EBIDTA/Total Income
23.86%
EBIDTA/Total Income
PBT Margin %
Net Profit Margin %
7.21%
1.82%
1.01%
41.03%
20.37%
7.50%
13.33%
36.39%
18.56%
0.85%
2.50%
65.6%
38.8%
213.7%
40.2%
32.68%
63.77%
13.44%
51.03%
51.3%
26.3%
0.42%
2.79%
33.88%
1.2%
27.80%
10.1%
*Adjusted EBITDA = EBITDA + Interest included in Cost of Sales
Management Team
Our Leadership Team
We have a highly accomplished group of experienced individuals who come together to lead by example.
Driven by ambition yet grounded by compassion, they bring their matchless expertise to show us the way forward towards discovering a new way of looking at urban living in India.
Mr. Anil Sarin Chairman
Anil Sarin founded the business over four decades ago. Under his leadership, the company grew to become one of the largest real estate development companies and land bank holders in the New Delhi Metropolitan Area. Through the years, he has assiduously built a team of experienced professionals and a corporate culture that are TARC's greatest competencies.
Mr. Amar Sarin Managing Director & CEO
Amar is responsible for the overall leadership and strategic direction of TARC. He has vast exposure to and a deep understanding of different cultures, people, infrastructure and urban spaces. This inspires him to create high quality developments which nurture strong communities.
Our Leadership Team
Rajeev Trehan Chief Operating Officer
Anil Mahindra Chief Land Officer
Aarti Arora Chief Financial Officer
Amit Narayan CS & Compliance Officer
Rajeev excels
in building collaborative
Anil has 30 years of work experience and has
Aarti Arora is a Chartered Accountant with
Amit is a commerce graduate and a member of
teams of highly motivated individuals.
been associated with the group for over 18
more than two decades of experience. She
the Institute of Company Secretaries of India
Thanks to his domain expertise built over
years now. His main interest and expertise are
is well-versed in finance and accounts as
(ICSI). He has more than 14 years' experience in
the last 30 years with us, he exceeds
in the field of land laws. This includes various
well as project
implementations, among
Corporate Laws and Secretarial Compliances.
expectations when it comes to executing
topics such as legal and land compliance, due
others.
His expertise makes him an indispensable part
projects especially large real estate projects
diligence, technical diligence related to land
of our growth story
across different verticals.
acquisition.
Our Leadership Team
Muskaan Sarin
Head - Marketing
Muskaan is responsible for marketing and
drives the customer-centric culture across
the organization. She leads in developing
customer
research,
branding
strategy,
communication and innovation.
P. N. Singh
Assoc VP- Projects Devpt
An industry veteran with 26 years of
experience,
he
handles
the
projects
department. Working with other engineers
in the team, he is responsible for approving
designs,
calculating
costs,
negotiating
contracts, and executing plans - safely and
efficiently.
Tarun Sejwal Head-Design, Architecture& Innovation
Tarun has over 18 years of experience and has
been associated with design management and
coordination with a special focus on contract
and project management. He has worked on
projects
from corporate
interiors,
retail,
recreational, group housings and senior living.
Strategic Advisory Team
Rajendra Singh
Chief Advisor - Finance
Rajendra,
a Chartered Accountant by
profession, he has been associated with
various
corporates
engaged
in
manufacturing, trading and services. He has
experience
in
corporate
finance
and
business modelling in various national and
international assignments.
His core expertise has been in the field of
drawing financial strategy for businesses.
He has been associated with us for 30 years.
Sharda Sarin
Chief Advisor – Interior Design
Ramneek Bhatia Chief Advisor - Hospitality
Sharda is an integral part of TARC. She
Ramneek is an experienced consultant
in the
oversees and personally engages with
hospitality space. He helps
in developing the
interior design teams across our projects.
strategic vision and business models for hospitality
She has a flair for high design, coupled with
based projects. Structuring future-ready plans,
a relentless pursuit of excellence and the
market
assessment,
brand
collaborations,
ability to adapt existing resources to best
developing innovative concepts and curating a clear
suit the given requirements.
positioning
for
these projects
are his
core
competencies. He has been associated with TARC
for the last 10 years and continues to play an
integral role in the lifestyle and hospitality vertical.
Key Project Details
TARC MACEO
Project
Highlights
Assortment of premium 2, 3 & 4 Bedroom Apartments and Penthouses
Abundant Expanse of Green & Open Area with multiple amenities
Club Tierra - a premium rendezvous for Maceo’s discerning residents
Location
Strategically located in Sec 91, Gurugram amidst an affluent neighbourhood within calm and
serene environs
Plot Area
15.57 Acre - Fully paid up land owned by the Company
Present Status
Maceo is now at the hand over stage with 400 families occupying their apartments and final
finishing being concluded. The Company has already sold over 93% of its inventory and shall
sell the remaining inventory before the close of this financial year.
Completion Date
95% completed
Project Configuration
16 towers with G+12 structure
Total Built-up Area
16.96 lac sq ft
Saleable Area
Total : 15.80 lac sq ft
Sold: 14.09 lac sq ft
Unsold: 1.71 lac sq ft
No of Units
Total: 788 units
Sold: 728
Unsold: 60
Cost of construction
Rs. 335 Crore
Est. Monetisable Value
Total Revenue: Rs. 630 Cr
Sold Value: Rs. 565 Cr
Amount Received: Rs. 442 Cr
Sold Receivable: Rs. 123 Cr
TARC CENTRAL WEST DELHI HIGH END RESIDENTIAL
Project
Highlights
New age high end luxury development in the heart of the city
Modern amenities with outdoor & indoor recreational spaces
Project design still in conceptual stage
Location
Located in the heart of the city centre, right on main road and in close proximity of a metro
station
Plot Area
Approximately 6.50 Acre.
Fully paid up land owned by the Company
Land use
Residential
Commencement Date
Q4 FY2021-22
Completion Date
Q3 FY2024-25
FAR Area
8.06 lac sq ft
Built-up Area
14.40 lac sq ft
Saleable Area
14.40 lac sq ft
No of Units
630
Cost of construction
Rs 500 crore
TARC, HAUZ KHAS
Project
Boutique High End Luxury residential development in the heart of South Delhi, will consist of 36
ultra-luxurious independent villas and floors
Highlights
Expansive apartment homes with more than 6,000 sq ft area
Global design and architecture, Exclusive clubhouse with recreation and sporting amenities,
temperature controlled swimming pool, Concierge and valet services
Location
Located on the main Aurobindo Road in South Delhi in close proximity to New Delhi's most
Plot Area
Land use
vibrant social lifestyle hubs
2.39 Acre. Fully paid up land owned by the Company
Residential
Commencement Date
Q3 FY2021-22
Completion Date
Q3 FY2023-24
FAR Area
Built-up Area
Saleable Area
1.65 lac sq ft
2.45 lac sq ft
2.45 lac sq ft
No of Units
36
Cost of construction
Rs 125 crore
TARC, PREMIER RAJOKRI RESIDENCES
Project
Highlights
High end residential project with 3 & 4 BHK apartments in Aerocity Vicinity
Ultra-modern amenities and facilities for a quality urban living experience.
Contemporary international design and architecture, curated amenity blocks and recreation
zones along with high quality project specifications.
Location
Located in South Delhi, with seamless access from Dwarka, IGI Airport and Vasant Vihar, this is
the only organised upcoming residential development in the New Delhi Aerocity zone
Plot Area
Land use
2.95 Acre. Fully paid up land owned by the Company
Residential
Commencement Date
Q3 FY2021-22
Completion Date
Q3 FY2023-24
FAR Area
2.57 lac sq ft
Built-up Area
4.80 lac sq ft
Saleable Area
4.80 lac sq ft
No of Units
250
Cost of construction
Rs 130 crore
TARC RESIDENTIAL, 63A, GURGAON
Project
Highlights
Row Housing Project with 3 BHK floors
Gated community and open green areas, well designed community spaces, open areas with
modern amenities and outdoor & indoor recreational spaces
Location
Located in Gurugram’s Golf Course Extension Area – a bustling part of the Millennium City.
Plot Area
Land use
Easy access from the 60m and 24m wide road
6.93 Acre. Fully paid up land owned by the Company
Residential
Commencement date
Q3 FY2021-022
Completion Date
Q2 FY2024-25
FAR Area
4.90 lac sq ft
Built-up Area
6.37 lac sq ft
Saleable Area
6.37 lac sq ft
No of Units
520
Cost of construction
Rs 130 crore
TARC VISVA
Project
Hotel, Grade “A” Commercial, Branded Serviced Apartments, Retail and Convention Facilities
Highlights
State of the Art Grade A building, indoor and outdoor recreational areas, open green, and
community spaces
Location
Main National Highway # 8, adjoining New Delhi Aerocity. This unique location is easily
accessible from both South Delhi and Gurugram
Approval status
All Statutory Approvals have been received
Plot Area
7.23 Acre. Fully paid up Land owned by the Company
Commencement date
Completion Date
Land use
FAR Area
Q1 FY2022-23
Q4 FY2024-25
Mixed use
5.33 lac sq ft
Total Built-up Area
9.0 lac sq ft
Cost of construction
Approx Rs 400 Crore
TARC LAKEVIEW
Project
Highlights
Location
Plot Area
Multiplex cum shopping mall
6 screen Multiplex, Quality retail offerings and Cafes & restaurants to complement the entire
retail development
Extremely well-located near Sanjay Lake in East Delhi, with Metro connectivity
2,880 sq mt. Fully paid up land owned by the Company
Commencement date
January 2020
Completion Date
The premises shall be handed over to the multiplex chain by September 2021, who will take
another 6 months for fit-out etc.
Land use
Commercial. All permissions for operating a cinema theatre already in place
Built-up Area
1 lac sq ft
Cost of construction
Rs 30 cr
Est. Monetisable area
The 4 floors are already leased to a multiplex chain for operating a 6 screen multiplex with
monthly rental. Total area rented our is 70,000 sq ft
Balance 30,000 sq ft - will be rental income from tenants on the Ground floor as well as revenue
from 3 level parking and signage etc
Present Status
3-Basements and Ground & First Floor is cast.
TARC WAREHOUSES
Project
Highlights
Location
Plot Area
Project1
Project 2
3 land parcels where Company is building warehouses.
Warehouse
Built to suit model. Pre-engineered building with clear access from the main road. Ample spaces for parking of loading/unloading vehicles within and outside the site area
Built to Suit model.
North Delhi
Manesar, NCR
45 acres. Fully paid up. Land owned by the Company
25 acres. Fully paid up. Land owned by the Company
Commencement date
Q2 FY2021-22
Upcoming Project
Completion Date
Q2 FY2022-23
Upcoming Project
Land use
Warehouse. Received all the requisite approvals and permissions from the Authority
Warehouse
FAR Area
3 warehouses
Leasable area
12.50 lac sq ft
6.50 lac sq ft
6.50 lac sq ft
Est. Monetisable Value Monetization @ 7.5%: Rs. 1,000+ Crore
Monetization @ 7.5%: Rs. 260 Crore
TARC - TECH PARK, GREATER NOIDA
Project
Premium Technology Park
Highlights
Location
Land Allocated in Tech Zone specifically for IT / ITES and is envisioned for development of the
rapidly growing Data Center Segment - Ease of access from 45m wide road.
Located in Greater Noida on Eastern Peripheral Expressway and in close proximity of the
upcoming Jewar airport
Plot Area
25 acre - Fully paid up land owned by the Company
Commencement date
Q4 FY2021-22
Completion Date
Q4 FY2024-25
Land use
FAR Area
Technology Park
5.0 lac sq ft
Leasable area
5.0 lac sq ft
Est. Monetisable Value
Monetization @ 7.5%: Rs. 250+ Crore
TARC - CHATTARPUR
Land use
Hospitality
Built up area
1.0 lac sq ft
Hotel with multiple banquets and Convention facilities located in pristine sorroundings over
Current development
7.37 acres land area on the Chattarpur Mehrauli Road, New Delhi
Company has already received approval from Municipal Authorities, Delhi Fire Service, DUAC
Further development
and MoEF for further development of additional hotel of 78,000 sq ft with another 98 rooms, a
convention center of 50,000 sq ft and retail and commercial development of 60,000 sq ft
Est. Monetisable value
Expected monthly rental after delivery: Rs. 1.50 Crore
Additionally there will be an estimated retail and commercial inventory of Rs. 150 Cr ore
The principles of customer centricity define our approach in creating residences that celebrate life each day. We are passionate about our work and in curating an ecosystem that encourages and inspires people to engage with life more meaningfully.
Experiential Living At TARC we now seek to develop a bouquet of pioneering projects in New Lifestyle Delhi focused on Experiential Hubs Living.
Our customers' evolving tastes, preferences, lifestyles and dreams have motivated us to craft design-led spaces that inspire creativity, fun and a convivial spirit amongst them. Led by design, we strive continuously to create dynamic environments for zestful living.
D i s c l a i m e r
This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of TARC Ltd
(“TARC”, "Company“), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to
any securities of the Company.
This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form
for any purpose. The information in this document is being provided by the Company and is subject to change without notice. The Company relies on information
obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.
This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain words such as
“Est.” or “estimated” and "expects/ed" and "anticipates/ed" and words of similar import. Any statement in this document that is not a statement of historical fact is
a forward looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or
achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. None of
the future projections, expectations, estimates or prospects in this document should be taken as forecasts or promises nor should they be taken as implying any
indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or
exhaustive or, in the case of the assumptions, fully stated in the document. The Company assumes no obligations to update the forward-looking statements
contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.
You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your
own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company.
THANK YOU
F o r f u r t h e r i n f o r m a t i o n p l e a s e c o n t a c t
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