Embassy Developments Limited · NSE:EMBDL
Embassy Developments — Indiabulls Real Estate — Q1 FY22 Earnings Presentation
38 slides from Embassy Developments's earnings presentation, Aug 7, 2021
Slide 1: Indiabulls Real Estate Limited Investor Presentation
Indiabulls Real Estate Limited Investor Presentation 07th August, 2021
Slide 2: Financial Performance: Key Financial Highlights Q1 FY22
Financial Performance Key Financial Highlights: Q1 FY22 IBREL Consolidated Q1 FY22 Q1 FY21 Total Revenues (₹ Cr) 532.0 95.0 Expenses (₹ Cr) 510.7 186.0 PBT (₹ Cr) 21.3 -91.0 Sales & Collections: Q1 FY22 Particulars Q1 FY22 Q1 FY21 New Sales (₹ Cr) 350 20 Gross Collection (₹ Cr) 309 64 2
Slide 3: Business Update
Business Update • During the quarter, on account of changes in the Development Control Regulations, the Company is eligible for • In Mumbai additional saleable area of 0.73 Mn sqft in Blu over existing area of 12 acres of land - aggregating to Net Surplus of ₹ 2,755 Cr for the company (This is exclu
Slide 4: Completed Inventory & Total Net Surplus from Ongoing Projects
Completed Inventory & Total Net Surplus from Ongoing Projects • Total Net Surplus from completed inventory and projects that are currently ongoing is ₹14,258 Cr, an increase of 36%. • Total sold receivables and completed/near completed inventory in hand is ₹3,612 Cr. • Area of completed inventory is
Slide 5: Infrastructure Impetus
Infrastructure Impetus • Blu Estate & Club, Worli – Abutting the Acharya Atre Station (Colaba-Seepz Metro corridor) • Gurgaon Projects – located on NH8 and Dwarka Expressway (awarded National Highway Status) • One Indiabulls Thane – close to proposed Metro Station (Wadala-Kasavadavali corridor) and
Slide 6: Portfolio Summary as on date
Portfolio Summary as on date Indiabulls Real Estate Limited Completed with OC Near Completion Development Area Net Area Net Area Net Surplus Projects (Mn. sq. Surplus Projects (Mn. Surplus Development (Mn. (₹ Cr) ft.) (₹ Cr) sq. ft.) (₹ Cr) sq. ft.) Blu Estate & Club 0.1 320 Blu Estate & Club 0.1 19
Slide 7: Project Approvals
Project Approvals Projects Fire NOC Building Plan Environment Airport Clearance NOC Owned Office Portfolio Commercial, Gurugram Sec 106 ---------- Land Development License in Place --------- Development Portfolio Blu Estate & Club, Mumbai Indiabulls Greens, Panvel Indiabulls Golf Cit
Slide 8: Merger - Executive Summary
Merger - Executive Summary • Assets of Embassy Group to merge into Indiabulls Real Estate (“IBREL”), to create one of India’s largest listed real estate companies • The merged entity will have a balanced mix of commercial and residential assets which should provide a natural hedge against cyclicalit
Slide 9: Merger Status
Merger Status • Proposed scheme for amalgamation of NAM Estates & Embassy One Commercial Property Developments into the Company is underway : Definitive agreement with Embassy Approval from SEBI/Stock Exchanges Approval from the Competition Commission of India Restructuring of entities within
Slide 10: Merger - Snapshot
Merger - Snapshot Embassy IBREL[1] Combined Entity - IBREL Residential and commercial assets Leading residential real estate One of the largest real estate developers in in India’s leading commercial platform with total launched India with an optimum mix across asset classes Overview[2] market
Slide 11: Merger - Key Metrics
Merger - Key Metrics [1] IBREL Embassy Combined Entity – IBREL Million SFT Saleable + Leasable Area 24.6 56.2 80.8 Residential Stock + Planned Area 23.3 14.3 37.6 Commercial Planned Area 1.3 41.9 43.2 In ₹ Cr Residential Net Surplus Launched + Planned Projects 12,079 6,513 18,592 Residential Net Sur
Slide 12: Merger - Transformational Change in Ownership
Merger - Transformational Change in Ownership Indiabulls Real Estate (IBREL), Embassy select assets combine to create one of India’s largest listed real estate enterprise Post merger, Mr. Jitendra Virwani, Chairman of Embassy Group, and certain other promoter entities of NAM Estates (Embassy Gro
Slide 13: Merger - Combined Entity to Attain Size and Scale
Merger - Combined Entity to Attain Size and Scale Market leadership potential through merger 10,667 10,442 #1 in Surplus - 7,599 7,504 Launched 4,351 3,230 3,030 projects in ₹ Cr. Combined Entity DLF Prestige Sobha Purvankara Sunteck Brigade 3,353 2,411 #1 by Land Bank 1,763 (acres)[1] 1,000 757 350
Slide 14: Merger - Significant Growth Potential
Merger - Significant Growth Potential [1] IBREL Embassy Combined Entity – IBREL Saleable Area & Leasable Area (Mn Sq. ft.) 24.6 56.2 80.8 Residential Commercial Residential Commercial OC / Near Completion 3.5 - 2.5 - 6.0 Other Launched 4.1 - 1.0 - 5.1 Planned 15.7 1.3 10.8 41.9 69.7 Net Residential
Slide 15: Merger - Combined entity to have Complementary Geographic Footprint
Merger - Combined entity to have Complementary Geographic Footprint Saleable/Leasable Area (Mn Sq. Ft) Pre-merger Post merger* IBREL1 Embassy NCR 11.4 NCR 11.4 Jodhpur 0.3 Jodhpur 0.3 Vadodara 0.2 2.1 Indore Vadodara 0.2 2.1 Indore MMR 10.5 MMR 10.5 0.1 Vizag 0.1 Vizag Bengaluru 54.6 1.6 Chennai IBR
Slide 16: Merger - Diversification into Commercial Development
Merger - Diversification into Commercial Development Asset Mix Heavily Skewed Towards Residential Balanced and Diversified Development Portfolio (Mn Sq. Ft) post merger (Mn Sq. Ft) 5% 53% 47% 95% Residential Commercial Residential Commercial Balanced mix a natural hedge against cyclicality; To benef
Slide 17: Combined Entity: Visibility on Near-Term Liquidity and Cash Flows
Combined Entity: Visibility on Near-Term Liquidity and Cash Flows Over ₹ 5,600 Cr of near completed inventory Near completed projects with ~2x cover Surplus of sold (INR Cr) (INR Cr) receivables over pending costs Pending Costs 874 5,658 52% Sold Receivables 1,504 Launched Inventory Potential to unl
Slide 18: Appendix – Completed Projects
Appendix 1 – Completed Projects 18
Slide 19: Blu Estate & Club, Worli
Blu Estate & Club, Worli Location Worli, Mumbai Area (Mn. Sq. Ft) 2.83 Total Sales Value (₹ Cr) 11,486 Pending Collection from Area Sold (₹ Cr) 37 Net Surplus (₹ Cr) 5,261 Actual image Actual image 19
Slide 20: Indiabulls Greens, Panvel
Indiabulls Greens, Panvel Location Panvel, Navi Mumbai Area (Mn. Sq. Ft) 8.97 Total Sales Value (₹ Cr) 4,233 Pending Collection from Area Sold (₹ Cr) 1,164 Net Surplus (₹ Cr) 733 Actual image Actual image 20
Slide 21: Indiabulls Golf City, Savroli
Indiabulls Golf City, Savroli Location Savroli, Navi Mumbai Area (Mn. Sq. Ft) 5.40 Total Sales Value (₹ Cr) 2,291 Pending Collection from Area Sold (₹ Cr) 88 Net Surplus (₹ Cr) 1,022 Actual image Actual image Actual image 21
Slide 22: Enigma, Gurugram
Enigma, Gurugram Location Gurugram (Sector 110) Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 1,016 Pending Collection from Area Sold (₹ Cr) 95 Net Surplus (₹ Cr) 137 Actual image Actual image Actual image 22
Slide 23: Centrum Park, Gurugram
Centrum Park, Gurugram Location Gurugram (Sector 103) Area (Mn. Sq. Ft) 2.08 Total Sales Value (₹ Cr) 762 Pending Collection from Area Sold (₹ Cr) 6 Net Surplus (₹ Cr) 35 Actual image Actual image Actual image 23
Slide 24: Mega Mall, Jodhpur
Mega Mall, Jodhpur Location Jodhpur Area (Mn. Sq. Ft) 0.63 Total Sales Value (₹ Cr) 293 Pending Collection from Area Sold (₹ Cr) 86 Net Surplus (₹ Cr) 200 Actual image Actual Image Actual Image 24
Slide 25: One Indiabulls Park, Vadodara
One Indiabulls Park, Vadodara Location Vadodara Area (mn. Sq. Ft) 0.23 Total Sales Value (₹ Cr) 86 Pending Collection from Area Sold (₹ Cr) 5 Net Surplus (₹ Cr) 66 Actual image Actual image Actual image 25
Slide 26: Appendix – Balance Development Projects
Appendix 2 – Balance Development Projects 26
Slide 27: One Indiabulls Thane
One Indiabulls Thane Location Thane Area (Mn. Sq. Ft) 2.58 Total Sales Value (₹ Cr) 3,115 Pending Collection from Area Sold (₹ Cr) 313 Net Surplus (₹ Cr) 1,806 Project location Actual image CGI 27
Slide 28: One Indiabulls, Gurugram
One Indiabulls, Gurugram Location Gurugram (Sector 104) Area (Mn. Sq. Ft) 3.59 Total Sales Value (₹ Cr) 1,970 Pending Collection from Area Sold (₹ Cr) 125 Net Surplus (₹ Cr) 783 Project location CGI CGI 28
Slide 29: Indiabulls One 09, Gurugram
Indiabulls One 09, Gurugram Location Gurugram (Sector 109) Area (Mn. Sq. Ft) 1.09 Total Sales Value (₹ Cr) 631 Pending Collection from Area Sold (₹ Cr) 186 Net Surplus (₹ Cr) 139 Project location Actual image CGI 29
Slide 30: Indiabulls City, Sonepat
Indiabulls City, Sonepat Location Sonepat Area (Mn. Sq. Ft) 1.75 Total Sales Value (₹ Cr) 216 Pending Collection from Area Sold (₹ Cr) 18 Net Surplus (₹ Cr) 52 Actual image Project location 30
Slide 31: Indiabulls Seirra, Vizag
Indiabulls Seirra, Vizag Location Vishakhapatnam Area (Mn. Sq. Ft) 0.84 Total Sales Value (₹ Cr) 274 Pending Collection from Area Sold (₹ Cr) 59 Net Surplus (₹ Cr) 28 Actual image CGI Actual image 31
Slide 32: Development Portfolio – Net Surplus
Development Portfolio – Net Surplus Net Surplus Project Location (₹ Cr) Under Construction Projects Blu Estate & Club, Worli Mumbai 1,990 Indiabulls Greens, Panvel Mumbai 624 Indiabulls Golf City, Savroli Mumbai 587 One Indiabulls Thane Mumbai 790 One Indiabulls, Gurugram NCR 783 Indiabulls One 09 N
Slide 33: Development Portfolio – Net Surplus (Contd.)
Development Portfolio – Net Surplus (Contd.) Net Surplus Project Location (₹ Cr) Planned Projects Indiabulls Imperial, Gurugram (Sec 106) NCR 1,930 Arivali, Panvel Mumbai 292 Silverlake Villas, Alibaug Mumbai 69 Centrum, Indore NCR 332 Blu Estate & Club (Additional) Mumbai 2,755 One Indiabulls Thane
Slide 34: Appendix – Owned Office Portfolio
Appendix 3 – Owned Office Portfolio 34
Slide 35: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 106, Gurugram Location Gurugram (Sector 106) Area (Mn. Sq. Ft) 1.31 Net Surplus (₹ Cr) 1,372 Expected in 2024 Project location CGI 35
Slide 36: Appendix – Corporate Social Responsibility
Appendix 4 – Corporate Social Responsibility 36
Slide 37: Indiabulls Foundation: Corporate Social Responsibility
Indiabulls Foundation: Corporate Social Responsibility Mahatma Awards For Excellence in Corporate Social Responsibility - 2019 Health JanSwasthya Kalyan (JSK) Vahika- Mobile Medical Vans - Free primary healthcare services provided at doorstep to the underprivileged population of urban slums with 31
Slide 38: Thank you
Thank you This document contains certain forward‐looking statements based on current expectations of Indiabulls Real Estate Ltd.'s (CIN: L45101DL2006PLC148314) management. Actual results may vary significantly from the forward‐looking statements in this document due to various risks and uncertaintie
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