Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q3 FY2019 Earnings Presentation
32 slides from Godrej Properties's earnings presentation, Jan 28, 2019
Slide 1: Cover letter to stock exchanges
Godrej Properties Limited Regd.Office: Godrej One, 5111 Floor, Pirojshanagar, Eastern &press Highway, Vikhroli (E), Mumbai- 400 079.Jndia Tel.: +91-22-6169 8500 Fax: +91-22-6169 8888 Website: www.godrejproperties.com CTN: L74120MH1985Pl.C035308 January 28, 2019 BSE Limited Phiroze Jeejeebhoy Towers,
Slide 2: Results Presentation Third Quarter Financial Year 2019
RESULTS PRESENTATION THIRD QUARTER FINANCIAL YEAR 2019 I PROPERTIES
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be 'forvvard looking statements' within the meaning of applicable !aws and regulations. Actual results might differ substantially or materially from those expressed or implied. !mportant developments that could affect the Company's operatio
Slide 4: Agenda
AGENDA 1 Q Overview 03 FY19 Operational Highlights 02 03 FY19 Financial Highlights 03 Annexure 04 3 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY19
Slide 5: Godrej Group
GODREJ GROUP ., Established in 1897 Value Creation Track Record • $5 bn !n annual revenue 18 year CAGR in � 1 invested in Particulars stock price June 2001 is now worth ,l) 1 .1 billion people globally use a Godrej product1 BSESensex 14% 4> :" ( • nd Godrej ranked as 2 most trusted Indian brand 2 Go
Slide 6: Godrej Properties
GODREJ PROPERTIES "' Established in 1990 • India's largest publicly listed developer by booking value over the past three years Chandigarh e,.., 0.7,;1·-·,:-:r:'· ilil:CR , � Successfully delivered 18 million sq. ft. of real estate in the 253,' 1-3 I,�. past five years � .. -145 million sq. ft. of d
Slide 7: Strengths
STRENGTHS • Godrej ranked as the 2 nd most trusted Indian brand in the Brand Trust Report 1 Godrej Brand • 1 .1 billion people gioba'.iy use a Godrej product' • GPL brings the Godrej brand's reputation ·rcr trust, quality and corporate governance to the real estate sector Effective • Competitive a.d
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL's IPO would be worth -6x an identical investment into the BSE Realty Index Value Creation Track Record 9 year f CAGR in t 1 invested in I Particulars stock price January 201 O is now worth Godrej Properties I 12.2% 2.83 BSE Sensex 8.3% 2.05 I BSE Realty Index
Slide 9: Agenda
AGENDA Overview 01 03 FY19 Operational Highlights Q 2 03 FY19 Financial Highlights 03 Annexure 04 8 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY19
Slide 10: FY19 Operational Highlights
03 FY19 OPERATIONAL HIGHLIGHTS � GPL's best aver quarter for residential sales - residential booking va!ue stood at lNR ·1 ,504 Cr Sales • 89% QoQ growth in the value of bookings Hlighlighils • 6 successful new project/phase launches across 5 cities r8lusiness ,, Added one new c0m1;12rcia\ project w
Slide 11: Sales Highlights
SALES HIGHLIGHTS 89% QoQ growth in the value of sales bookings I l Growth 9M FY19 9M FY18 I Growth l ! I Particulars 03 FY19 03 FY18 Growth 02 FY19 2,802,425 1,429,843 'i 96% 1,068,792 j I 162% 5,040,720 4,785,579 I 5% I! r Area Sold (sq. ft.) I I ' 1,220 1,528 25% I 89% 3,155 4,029 ' -22% � i Booki
Slide 12: Project Booking
PROJECT BOOKING Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Residential Projects Q3 FY19 9M FY19 Q3 FY19 9M FY19 Godrej City, Panvel 416,659 453,627 254 283 Godrej Reserve, Bangalore 750,765 750,765 247 247 - I - Godrej Air, NCR 389,256 389,256 224 224 Godrej Nest, NCR2 216,297 397,881
Slide 13: Business Development
BUSINESS DEVELOPMENT Golf Course Road, Gurgaon 0 Entered into a joint venture agreement with Hero Cycles and Godrej Fund Management to develop a prime office development on Golf Course Road, Gurgaon � The development will offer -1 million square feet of prime office and retail space • Site is in clo
Slide 14: Launch Tracker FY19
LAUNCH TRACKER FY19 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New Project Launches Planned in FY19 New Phase Launches Planned in FY19 Launch Laur.ch Project City Status Project City Status Area* Area* Godrej Alive Mum
Slide 15: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered -1 . 7 million sq. ft. across 4 cities in Q3 FY19 Godrej Central, Mumbai Godrej Prakriti, Kolkata 0.66 million sq. ft. 0.43 million sq. ft. Godrej Prana, Pune Godrej Summit, Gurgaon 0.38 million sq. ft. 0.2 million sq. ft. 14 I GODREJ PROPERTIES I RESULTS PRESENTATI
Slide 16: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 10 awards in 03 FY19 and a total of 40 awards in 9M FY19 GODREJ PROPERTIES � Best Real Estate Brand 2018 The Economic Times • Business Excellence Awards 2019 Corporate Insider � Marketing Campaign of the Year The Global Marketing Excellence Awards by the World Ma
Slide 17: Agenda
AGENDA Overview Oi 03 FY19 Operational Highlights 02 03 FY19 Financial Highlights 03 Annexure 04 16 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY19
Slide 18: Consolidated Financial Statements - P&L
CONSOLIDATED FINANCIAL STATEMENTS- P & L (INRCr) I I Particulars 03 FY2019 Q3 FY2018 % Change 02 FY2018 %Change 9M FY2019 9M FY2018 % Change Total Income 473 299 58% 471 0% 1,996 1,535 30% Adjusted EBITDA* 145 I ---·--- 9 1582% 104 --·----. 39% 525 325 62% l EBITDA** 94 (29) - 66 42% 283 209 35% --·
Slide 19: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 31.12.2018 As on 31.03.2018 A Assets Unaudited Audited (Restated) 1 Non Current assets a Property, plant & equipment 81.30 84.82 b Capital Work-in-Progress 90.00 71.37 C Investment Property 2.38 2.48 d Goodwill 0.04 0.04 e Othe
Slide 20: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 31.1 2.201 8 As on 31.03.2018 B Equity and Liabilities Unaudited Audited (Restated) 1 Equity a Equity share capital 114.66 108.24 b Other equity 2,476.97 1,387.94 Total Equity 2,591.63 1,496.18 2 Liabilities 2.1 Non Current Lia
Slide 21: Consolidated Cashflow
CONSOLIDATED CASHFLOW (INR Cr} Notes Particulars Q3 FY19 9M FY19 Operating cashflow Total operating cash inflow 918 3,156 A Operating cash outflow Construction and related outflow (492) (1,457) Other project related outflow (295) (911) Total operating cash outflow (786) {2,368) Net operating cashtlo
Slide 22: Financial Analysis
F�NANCIAL ANALYSIS Profitability Indicators -----·---··-------�· --� -- ···-------·-··------. -··------·--····----�----�--�-. ----�--. ------------ ···----�-----�----·--·--·--·--------' ., Q3 FY2019 . ' : Particulars · Q3 FY2018 02 FY2019 9M FY2019 9M FY2018 ' ··------··-· . -- - -··-------··---· -
Slide 23: Agenda
AGENDA Overview 01 03 FY19 Operational Highlights 02 03 FY19 Financial Highlights 03 Annexure 04 22 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY19
Slide 24: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name location Asset Class Est. Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification Phase I to IV: Area Based- 73.6% Godrej Garden City* Ahmedabad Residential 14.80 Own Phase V: ;::i.evenue Based -57.6% Ongoing Phase Vl onwards - 17% of Revenue
Slide 25: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification Area Based - 70% (for 12.57 acres), 19 Godrej Palm Grove Chennai Residential 1.93 Own 68% (for 4.82 acres) Ongoing 20 Godrej Azure Chennai Residential 1.00 JV Pr
Slide 26: A. Residential Projects
A, RESIDENTIAL PROJECTS S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Status Area (mn sq. ft.} Classification Revenue Based-64% (GPL holds 20% Ongoing 35 Godrej Emerald Mumbai Residenfol 1.35 JV equity in the project specific company) 36 Godrej Park Mumbai Residential 0.
Slide 27: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name I Location Asset Class Est. Saleable Area (mn sq. ft.) Ind AS Classification Business Model Status I i GPL holds 20% equity in the project 50 Kavesar, Thane Mumbai Residential 0.7 JV specific company Forthcoming ' 51 Godrej Anandam I' Nagpur Residentiaf i 2.
Slide 28: B. Commercial Projects
B. COMW1ERCIAL PROJECTS Est. Saleable fndAS S.No Project Name Location Asset Class Area {m11 sq. ft.) Business Model Status Classification Phase I to IV: Area Based - 73.6% Godrej Garden City* Ahmedabad Residential 2.40 Own Phase V: .Revenue Based- 67.6% Ongoing Phase VI onwards - 1 7% of Revenue 2
Slide 29: Thank You
THANK YOU For further information, please contact Rajendra Khetawat Godrej Properties Limited Tel: +91 22 6169 8500 Fax: +91 22 6169 8888 Email: rajendra@godrejproperties.com
Slide 30: Press Release Q3 FY19 Results
I PROPERTIES GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli {E), E"stern Express Highway, Mumbai - 400079 PRESS RELEASE Q3 FY19 Results • GPL's best ever quarter for residential sales - residential booking value s
Slide 31: Press Release: Other Highlights and Financial Overview
• Site is in close proximity to a multitude of established and leading commercial, retail, and residential destinations Other Highlights • Delivered ~1.7 million sq. ft. across 4 cities • GPL received 10 awards in 03 FY19 Commenting on the performance of Q3 FY2019, Mr. Pirojsha Godrej, Executive Cha
Slide 32: About Godrej Properties Limited
p,., I PROPERTIES About Godrej Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 121-year legacy of excellence and trust with a commitment to cutting-edge d