TARC Limited has informed the Exchange about Investor Presentation
TARC LIMITED
(Formerly Anant Raj Global Limited) CIN: L701 00HR2016PLC06561 5 Corporate Office: C-3, Qutab Institutional Area, Katwaria Sarai, New Delhi-l10016 T el:. 011-41244300, 01 1- 41244344 Email: tarc@tarc.in Website: www.tarc.in
},
November 16,2021
To, The General Manager, Deptt of Corporate Services, BSE Limited, P.J. Tower, Dalal Sheet, Mumbai - 400001 Scrip code: 543249
To, The Vice President, National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Ban&a (E) Mumbai - 400051 Scrip Symbol: TARC
Sub: Presentation on the status of Ongoing Projects,O{ew Launches and Financials of the Company
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 status of ongoing projectsA.Jew launches and financials ofthe Company.
You are requested to kindly take the same on your records
Thanking you,
Yours faithfully,
For TARC Limited '
I\Lo
1_
Amit Narayan Companv Secret ary A20094
Registered Office: G002, MACEO, Sector-9l, Gurugram, Haryana-122505
Tel: 0124-5082424
Creating Enduring Value
Investor Presentation
We believe in transforming urban living by empowering people to experience their lives more meaningfully.
Index
01 Our Philosophy, Vision & Mission
02 Our Approach
03
Our Business Model
04 What we do
05 Our Leadership Team
06 Industry Outlook
Page No.
1
2
3
4
6
8
07 Company Opportunities
10
08
Land Holding
09 Project Summary
- Current Developments - Planned Developments
10
Financial Highlights
11 Debt Reduction Strategy
12
13
Recent Developments
TARC In the News
14 Disclaimer
15 Contact Us
Page No.
11
13
20
23
25
26
27
28
29
Our Vision
Our Philosophy
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 actualize and experience their lives more meaningfully.
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.
1
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.
2
Business Model
The business of TARC Limited under the leadership of Mr Anil Sarin has evolved over the last 40 years 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 Limited, over the years has accumulated a land bank of more than 550 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 prime land parcels and built-up assets inside the Municipal limits of New Delhi which alone
constitutes to be over 300 acres of fully paid-up land. Additionally, the Company has land parcels in Gurgaon
and other areas in the National Capital Region such as Manesar, Noida and Greater Noida where the Company’s
land holdings exceeds 250 acres of prime land.
TARC expanded its presence in the National Capital through key Developments across different verticals such as
Residential, Hospitality, Commercial and Retail projects. TARC’s focus remains in Residential development to
create and curate future ready living spaces while warehousing is another important vertical of focus for the
company.
TARC pursues a rewarding Business Model by creating enduring value through curating experiential living.
3
WHAT WE DO
Warehousing
Retail & Commercial
Residential
Hospitality
4
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 Lifestyle pioneering projects in New Hubs Delhi focused on Experiential 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.
Industrial Parks
Our Strategically consolidated land bank of Industrial Parks is designed to become a state-of-the-art Industry and Logistics Hub for the automotive segment.
5
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.
6
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
Amit is a commerce graduate and a member
teams of highly motivated individuals.
been associated with the group for over 18
with more
than
two decades of
of the Institute of Company Secretaries of
Thanks to his domain expertise built over
years now. His main interest and expertise
experience. She is well-versed in finance
India (ICSI). He has more than 14 years'
the last 30 years with us, he exceeds
are in the field of land laws. This includes
and accounts as well as project
experience in Corporate Laws and Secretarial
expectations when it comes to executing
various
topics such as
legal and
land
implementations, among others.
Compliances. His expertise makes him an
projects especially
large
real estate
compliance, due diligence, technical diligence
indispensable part of our growth story
projects across different verticals.
related to land acquisition.
Our Leadership Team
Rajendra Singh Finance
P. N. Singh Construction
Tarun Sejwal Architecture & Innovation
Muskaan Sarin Marketing
Chartered Accountant by profession, has
An industry veteran with 26 years of
Tarun has over 18 years of experience and
Muskaan is responsible for marketing and
experience
in corporate
finance and
experience, he handles
the projects
has
been
associated with
design
drives the customer-centric culture across
business modelling in various national and
international assignments.
His core
expertise has been in drawing financial
strategy for businesses. He has been
associated with us for 30 years.
department. Working with
other
management and coordination with a
the organization. She leads in developing
engineers in the team, he is responsible
special focus on contract and project
customer research, branding strategy,
for approving designs, calculating costs,
management. He has worked on projects
communication and innovation.
negotiating contracts, and executing plans
from
corporate
interiors,
retail,
- safely and efficiently.
recreational, group housings and senior
living.
7
Industry Outlook
Residential
01 The industry continues to witness a structural in housing demand with positive fundamental demand drivers expected to remain in place
shift
02 Temporary dislocation due to second wave, collections remain resilient. Long-term outlook continues to be positive
03
Minimum impact by Second Covid-19 wave on operations and developments
i
a d n I
s s o r c A
R C N n I
71,963 Q1 2021
44% growth Q1 2020
76006 Q1 2021
38% growth Q1 2020
No. of Units Sold
No. of New Launches
6731 Q1 2021
42% growth Q1 2020
1626 Q1 2021
14% growth Q1 2020
No. of Units Sold
No. of New Launches
*Knight Frank – India Residential Market Update – Q1 2021
8
Industry Outlook
Warehousing
01 The e-commerce sector has been driving demand for logistics and warehousing & has emerged as the most prominent driver of Indian warehousing market volumes along with the 3PL sector.
Miscellaneous Retail FMCG
FMCD
4% 5% 5%
1%
Miscellaneous Retail FMCG
FMCD
6% 3% 3%
1%
Other Sectors
23%
Other Sectors
20%
7.08
E-Commerce
31%
E-Commerce
37%
2.95
1.29
FY 2017
FY 2021
FY 2026
TOTAL WAREHOUSING TRANSACTIONS ACROSS THE 8 PRIMARY MARKETS (mn. sq.m)
3PL
31%
3PL
30%
FY 2021
FY 2026P
Source: Knight Frank Research - INDIA WARE HOUSING MARKET REPORT 2021
9
Opportunities
Company
Industry
01
02
03
04
Low Residential Inventory Holding
Value of owning a home reinforced
Focus on Housing
Sales trajectory resilience
Land Bank in Prime area’s in Delhi
Demand for Work–Live Spaces
Fully paid up Land
Growth in warehousing as 3PL demand increased.
05
Low Debt
Retail leasing activity gains pace as lockdown lifted
10
Land Holding
Delhi
NCR
Land Holding
Municipal limits of New Delhi
Gurgaon and other areas in the NCR (Manesar, Noida and Greater Noida)
300 acres
250 acres
Land Holdings by TARC
11
Project Summary
Current Developments
2021-2022
12
Key Developments – Consolidated
Sr. No.
Project Name
Location
Status / Launch date Completion Date
Constructible Area (sq ft)
Area available for booking (sq ft)
Area booked till date (sq ft)
Booking Value (Rs cr)
TARC Maceo
Sec 91, Gurgaon
Already Launch
95% Complete
15,80,000
15,97,000 788 Units
14,80,945 750 Units
630
1
2
3
4
5
TARC, Premier Rajokri Residences
Kapashera, New Delhi
Q3 FY2021-22
Q3 FY2023-24
4,85,600
TARC Residential
Sec 63A, Gurgaon
Q4 FY2021-22
Q2 FY2024-25
6,50,000
TARC, Hauz Khas
Hauz Khas, New Delhi
Q1 FY2022-23
Q3 FY2023-24
1,98,783
TARC Lakeview
Trilokpuri, Delhi
Jan-20
Q4 FY2021-22
75% Complete
86,833
6
TARC Central West Delhi Central West Delhi
Q2 FY2022-23
Q1 FY2026-27
14,90,000
7
8
9
TARC Residences Chattarpur
South Delhi
Q3 FY 2022-23
3,50,000
3,50,000
TARC Warehouse
North Delhi
Q1 FY2022-23
2,73,940
2,73,940
TARC Industrial Park
Greater Noida
Q2 FY2022-23
5,00,000
5,00,000
4,85,600
190 Units
6,50,000
496 units
1,98,000
36 units
86,833
14689
14,90,000
515 units
-
-
-
86,833 sq ft ** Multiplex
-
-
-
13
* Indicative Prices ** Pre Contracted
Key Developments – Current (2021-2022)
Project
Type
Location
Status/Launch date
Saleable Area (Sq Ft)
TARC Maceo
Residential Group Housing
Sec 91, Gurgaon
95% completed
15,80,000
TARC, Premier Rajokri Residences
Residential
Kapashera, New Delhi
Q3 FY 2021-22 (Construction Started)
4,85,600
TARC Residential *
Residential (DDU Scheme)
Sec 63A, Gurgaon
Q4 FY 2021-22
6,50,000
TARC, Hauz Khas *
Residential
Hauz Khas, New Delhi
Q1 FY 2022-23
1,98,000
TARC Lakeview
Multiplex cum Mall
Trilokpuri, Delhi
75% completed
1,00,000
13
* Approvals Awaited
TARC MACEO
Project
Assortment of premium 2, 3 & 4 Bedroom Apartments and Penthouses
Highlights
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: 748 Unsold: 40
14
TARC, PREMIER RAJOKRI RESIDENCES
Project
High end residential project with 3 & 4 BHK apartments in Aerocity Vicinity
Highlights
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
(Construction Started)
Completion Date
Q3 FY2023-24
Saleable Area
4.85 lac sq ft
No of Units
190
15
TARC RESIDENTIAL, 63A, GURGAON
Project
Row Housing Project with 3 BHK floors
Highlights
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.
Easy access from the 60m and 24m wide road
Plot Area
6.93 Acre. Fully paid up land owned by the Company
Land use
Residential
Commencement date
Q4 FY2021-22
Completion Date
Q2 FY2024-25
Saleable Area
Approximately 6.50 lac sq ft
No of Units
496
16
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
Q1 FY2022-23
Completion Date
Q3 FY2023-24
Saleable Area
1.98 lac sq ft
No of Units
36
17
TARC LAKEVIEW
Project
Multiplex cum shopping mall
Highlights
6 screen Multiplex, Quality retail offerings and Cafes & restaurants to complement the entire retail development
Location
Extremely well-located near Sanjay Lake in East Delhi, with Metro connectivity
Plot Area
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 Q4 2021-22.
Land use
Retail
Built-up Area
1 lac sq ft
18
Project Summary
Planned Developments
2022-2023
19
Key Developments – Planned (2022-2023)
Project
Type
Location
Approximate Saleable Area (Sq Ft)
TARC Central West Delhi
Residential
Central West Delhi
14,90,000
TARC Warehouse
Warehouse
North Delhi
2,73,940
TARC Industrial Park
Warehouse & Data Centre
Greater Noida
5,00,000
TARC Residences Chattarpur
Mix Use
South Delhi
3,50,000
20
TARC CENTRAL WEST DELHI HIGH END RESIDENTIAL
Project
Highlights
Location
Plot Area
Land use
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
Located in the heart of the city centre, right on main road and in close proximity of a metro station
Approximately 6.50 Acre. Fully paid up land owned by the Company
Residential
Commencement Date
Q2 FY2022-23
Completion Date
Q1 FY2026-27
Saleable Area
No of Units
14.90 lac sq ft
515
TARC WAREHOUSES
Project
Highlights
Location
Plot Area
Land use
A land parcels where company is building warehouses.
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
North Delhi
8 acres. Fully paid up. Land owned by the Company
Warehouse. Received all the requisite approvals and permissions from the Authority.
Commencement Date
Q1 FY2022-23
21
TARC - INDUSTRIAL PARK, GREATER NOIDA
Land use
Warehousing and Assembly Park
Highlights
Location
Plot Area
Land use
Land Allocated in Tech Zone specifically for Data Centre and Warehousing 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
25 acre - Fully paid up land owned by the Company
Technology Park
Commencement Date
Q2 FY2022-23
TARC – RESIDENCES CHATTARPUR
Land use
Commercial & Service Apartments
Built up area
3.5 lac sq ft
Development
Company has already received approval from Municipal Authorities, Delhi Fire Service, DUAC
and MoEF for development.
Commencement Date
Q3 FY2022-23
22
Financial Highlights
2021-2022
23
Key Financials (Consolidated)
Profit & Loss
Particulars
Total Income
Adjusted EBIDTA*
EBIDTA
Profit Before Tax
Net Profit
Profitability Indicators
Adjusted EBIDTA/Total Income
EBIDTA/Total Income
PBT Margin %
Net Profit Margin %
Q2 FY22
161.02
73.26
62.19
45.15
5.30
Q2 FY22
45.93%
38.60%
28.04%
3.29%
Q1 FY22
Q2 FY21
27.28
9.47
4.04
(3.73)
(3.18)
Q1 FY22
34.71%
14.81%
(13.67)%
(11.66)%
37.37
15.29
8.26
0.43
0.79
Q2 FY21
40.91%
22.10%
1.16%
2.12%
Rs. (In Crore)
FY 2021
220.87
72.18
29.68
0.93
6.17
FY 2021
32.68%
13.44%
0.42%
2.79%
*Adjusted EBITDA = EBITDA + Interest included in Cost of Sales
24
Debt Reduction Strategy
01 Employing Internal accruals from sale of inventory in Projects developed.
Debt (Rs) (Crores)
02 Sale of Non Core Asset Sale will aid the in Company’s its exciting ongoing development of projects in the residential and reduce off debts
investment
plans
03
from
to be
Dues State received Government & Government Bodies approximately of Rs.700 cr compensation for land in the state, will be used to slowly pare off debts.
Predictive Graphical Representation
25
2020-2021
2021-2022
2022-2023
Recent Developments
TARC Limited sells part of its warehousing asset to Blackstone Inc. (BREP) for Rs. 295 crores
TARC Limited successfully completed the sale of its warehousing asset in North Delhi to BREP Asia II EIP Holding (NQ) Pte. Limited, an affiliate of funds controlled, managed and/or advised by Blackstone Inc. (BREP) for a total consideration of Rs. 295 crores, in a move which is aligned to TARC’s strategy of maintaining focus on core development projects to unlock much higher value through its strategic and key land parcels in New Delhi.
Mr. Amar Sarin, CEO & MD of TARC Limited has said that the company’s mantra of creating a high quality asset base, while leading with integrity and transparency, has been rewarded with the confidence and trust placed in TARC by Blackstone Inc. (BREP), an international fund. This is in line with making TARC a debt free company, develop its huge land bank as well as look for new developments in the NDMA.
The company plans to use a part of the proceeds to fast track the residential projects, consolidating its strategy to develop higher yielding, future ready projects.
26
TARC In the Media
Realty Players Going the Extra Mile to Extend Experiential Living
Publication: Realty Plus Date: 12-10-2021 Language: English Link: Click Here
TARC to invest Rs 230 crore in developing two land parcels in Delhi and Gurgaon
Publication: Economic Times Date: 12-10-2021 Language: English Link: Click Here
Blackstone acquires warehouses from TARC for Rs 295 cr
Publication: Financial Express Date: 07-09-2021 Language: English Link: Click Here
27
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.
28
THANK YOU
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