Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2018 Earnings Presentation
40 slides from Oberoi Realty's earnings presentation, Jan 30, 2018
Slide 1: Result Update Q3FY18
Oberoi Realty Limited Result Update Q3FY18 January 30, 2018
Slide 2: Key Developments
Key Developments Crossed Rs. 2,000 crores of booking value in Sky City Applied for Occupation Certificate for Esquire during the quarter (part Occupation Certificate received on Jan 29, 2018) Note: Please refer to Annexure and Disclaimer at the end of the presentation 1
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 2
Slide 4: Balance sheet summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY18 9MFY17 FY17 Non-current assets 3,63,585 2,79,025 2,89,909 Current assets 6,25,769 5,43,304 5,55,505 Total 9,89,354 8,22,329 8,45,414 Equity 5,96,283 5,62,130 5,72,596 Non-current liabilities 1,51,812 8
Slide 5: Cash flow summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Opening Cash and Cash Equivalents 6,929 12,063 29,810 49,417 38,628 Operating Cash Flows (37,468) 461 13,116 (41,170) 9,053 Investing Cash Flows (21,879) (22,178) (8,691) (7
Slide 6: Assets detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY18 9MFY17 FY17 Non-current assets Fixed assets (including CWIP) 1,07,930 1,03,674 1,05,446 Financial assets 2,31,310 1,51,131 1,60,178 Deferred tax assets (net) 9,846 9,998 9,974 Other non-current assets
Slide 7: Liabilities detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY18 9MFY17 FY17 Non-current liabilities Financial liabilities i) Borrowings 1,42,782 74,935 74,938 ii) Others 1,574 580 719 Provisions 151 168 171 Other non-current liabilities 7,305 6,702 7,101 Total Non-
Slide 8: Profit and loss statement
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Revenue from Projects 24,926 20,516 15,535 61,600 55,396 Revenue from Hospitality 3,515 2,901 3,436 9,400 9,210 Revenue from Rent 5,927 5,702 5,049 17,221 14,2
Slide 9: Key financial ratios
Financial Update Investment Properties Development Properties Particulars 9MFY18 9MFY17 EBITDA Margin (Including Non Operating Income/ 54.37% 52.78% Total Revenue) EBITDA Margin (Excluding Non Operating Income/ 53.44% 50.79% Total Operating Income) PAT Margin 33.36% 31.95% RONW# 7.21% 6.73% ROCE# 6.
Slide 10: Results by segment
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q3FY18 54.08% 50.84% 91.67% 36.12% -16.56% Total Operating Revenues 35,620 25,028 5,940 3,537 1,115 EBITDA (Excluding Non Operating Income) 19
Slide 11: Share price performance vs Sensex and BSE Realty
Index 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 120.00 130.00 140.00 150.00 160.00 170.00 180.00 190.00 200.00 20/Oct/10 26/Nov/10 2/Jan/11 8/Feb/11 17/Mar/11 23/Apr/11 30/May/11 6/Jul/11 12/Aug/11 18/Sep/11 25/Oct/11 Financial Update 1/Dec/11 7/Jan/12 13/Feb/12 21/Mar/12 27/Apr/
Slide 12: Shareholding pattern
Financial Update Investment Properties Development Properties Category 31-Dec-17 30-Sep-17 30-Jun-17 31-Mar-17 31-Dec-16 Promoter and Promoter Group 72.49% 72.49% 72.49% 72.50% 72.53% Foreign Institutional Investors (FIIs) 22.58% 24.66% 24.94% 25.35% 25.35% Domestic Institutional Investors (Institut
Slide 13: Investment properties and hospitality assets
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 725,769 sqft. 269 rooms GLA: 552,893 sqft. 12
Slide 14: Investment Properties: Commerz
Financial Update Investment Properties Development Properties Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Operating Revenue (Rs. Lakh) 2,796 2,680 2,526 8,142 7,433 EBITDA (Rs. Lakh) 2,657 2,503 2,373 7,631 6,943 EBITDA Margin (%) 95.00% 93.37% 93.92% 93.72% 93.40% Occupancy (%) 99.39% 98.67% 99.
Slide 15: Investment Properties: Oberoi Mall
Financial Update Investment Properties Development Properties Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Operating Revenue (Rs. Lakh) 1,108 1,114 1,196 3,420 3,610 ** EBITDA (Rs. Lakh) 1,097 1,103 1,181 3,393 3,588 EBITDA Margin (%) 98.98% 98.98% 98.77% 99.20% 99.38% Occupancy (%)* 82.13% 82.13%
Slide 16: Investment Properties: Commerz II
Financial Update Investment Properties Development Properties Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 ** Operating Revenue (Rs. Lakh) 1,136 1,124 732 3,369 1,433 ## EBITDA (Rs. Lakh) 926 906 500 2,759 796 EBITDA Margin (%) 81.53% 80.62% 68.38% 81.90% 55.55% Occupancy (%) 44.66% 44.66% 29.89%
Slide 17: Hospitality: The Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Operating Revenue (Rs. Lakh) 3,537 2,922 3,457 9,464 9,275 EBITDA (Rs. Lakh) 1,278 929 1,364 3,243 3,050 EBITDA Margin (%) 36.12% 31.80% 39.44% 34.27% 32.89% Number of Rooms 269 269 269 269 2
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 17
Slide 19: Residential projects summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Value Project Avg. Price for Residential Projects Est. Area Recognised Till Date on Date till Date Completion Q3FY18 till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Seven 39
Slide 20: Residential bookings in Q3FY18
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in Q3FY18 in Q3FY18 for Q3FY18 Q3FY18 in Q3FY18 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 17,550 10 4,124 4,084 4,124 Esquire
Slide 21: Exquisite: booking and sales data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Date Estimated Total Area (sqft.) 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 Estimated Total Units (nos.) 802 802 802 802 802 802 Area Booked (sqft) 17,550 5,330
Slide 22: Esquire
Financial Update Investment Properties Development Properties 21
Slide 23: Project status as on Dec 31, 2017
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2017 Project Status as on Sep 30, 2017 22
Slide 24: Esquire: booking and sales data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Estimated Total Units (nos.) 882 882 882 882 882 882 Area Booked (sqft) 24,432 50,05
Slide 25: Project status as on Dec 31, 2017
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2017 Project Status as on Sep 30, 2017 24
Slide 26: Prisma: booking and sales data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 91 Area Booked (sqft) 8,595 8,958 2,602 20,731
Slide 27: Project status as on Dec 31, 2017
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2017 Amount spent in Q3FY18 : Rs. 85.69 crore 26
Slide 28: Three Sixty West: booking and sales data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Date Estimated Area of Project (sqft.) 23,71,278 23,71,278 17,83,928 23,71,278 17,83,928 23,71,278 # Area Booked (sqft) 47,479 15,020 28,686 91,556 1,52,294 4,32,707 # Units Book
Slide 29: Artist impression
Financial Update Investment Properties Development Properties Artist Impression 28
Slide 30: Project status as on Dec 31, 2017
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2017 Project status as on Sep 30, 2017 29
Slide 31: Eternia: booking and sales data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Date Estimated Area of Project (sqft.) 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 Estimated Total Units (nos.) 1,057 1,057 1,057 1,057 1,057 1,057 Area opened fo
Slide 32: Enigma
Financial Update Investment Properties Development Properties 31
Slide 33: Project status as on Dec 31, 2017
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2017 Project status as on Sep 30, 2017 32
Slide 34: Enigma: booking and sales data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Date Estimated Area of Project (sqft.) 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 Estimated Total Units (nos.) 619 619 619 619 619 619 Area opened for booking (s
Slide 35: Artist impression
Financial Update Investment Properties Development Properties Artist Impression 34
Slide 36: Sky City project status as on Dec 31, 2017
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2017 Project status as on Sep 30, 2017 Artist Impression 35
Slide 37: Sky City: booking and sales data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY18 Q2FY18 Q3FY17 9MFY18 9MFY17 Date Estimated Area of Project (sqft.) 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 Estimated Total Units (nos.) 2,357 2,357 2,357 2,357 2,357 2,357 Area opened fo
Slide 38: Investor Relation efforts are coordinated by
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Aditi Mittal Executive Assistant to Managing Director/Investor Relations aditi.mittal@oberoirealty.com Shital Shah Senior Manager – Investor Relations shital.shah@oberoirealty.com For any furthe
Slide 39: Notes
Notes 1. Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year. 2. Total are
Slide 40: Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed t