Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q3 FY2015 Earnings Presentation
22 slides from Kolte-patil Developers's earnings presentation, January 2015
Slide 1: Q3 & 9M FY2015 Results Presentation
Q3 & 9M FY2015 Results Presentation
Slide 2: Nest Fest registration promotion
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Slide 3: Forward-looking statements disclaimer
Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by
Slide 4: Agenda
1 CEO’s Message 2 Business update & Performance Highlights 3 P&L / Balance Sheet Snapshot 4 Project-wise Details 5 Outlook 6 About Kolte-Patil Developers Ltd. 4
Slide 5: CEO's Message
Commenting on the performance for Q3 & 9M FY2015, Mr. Sujay Kalele, CEO, Kolte-Patil Developers Ltd. said, “We continue to sustain our sales momentum recording an 46% YoY increase in our pre-sales to 0.64 msf. We sold 439 units during the quarter – almost five units a day. This takes our pre-sales t
Slide 6: New Sales Bookings / Collections, Bengaluru and Mumbai Update
New Sales Bookings / Collections Bengaluru Update Recorded 0.64 msf. of new sales bookings aggregating to 439 units Sold commercial project, Alyssa, on Richmond road for a consideration of Rs. New sales value of Rs. 389.6 crore 36 crore during the quarter Average price realization (APR) at Rs. 6,090
Slide 7: Revenue, EBITDA, PAT, Sales and Collections trends
Revenue, Rs. mn EBITDA, Rs. mn PAT, Rs. mn 661 2,205 573 204 192 198 1,881 484 1,711 1,569 1,579 397 418 130 127 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Q3 FY13 Q4 FY14 Q1 FY15 Q2 FY15 Q3 FY15 Sales Volume, million sq. ft Sales value, Rs. mn Total Collections,
Slide 8: Sales volume split by segment and partner share
msf. 0.50 0.48 0.44 0.45 0.44 0.79 0.61 0.60 0.64 100% 1% 8% 4% 8% 14% 13% 17% 12% 9% 13% 5% 17% 21% 13% 14% 6% 80% 16% 13% 16% 3% 2% 3% 9% 5% 2% 8% 11% 12% 15% 60% 36% 8% 22% 26% 13% 23% 13% 40% 62% 63% 63% 40% 40% 49% 47% 41% 50% 20% 4% 3% 0% 3% 3% 0% 0% 0% 0% 0% Q3 FY2013 Q4 FY2013 Q1 FY2014 Q2 F
Slide 9: P&L Snapshot Q3 FY2015
P&L Snapshot (Rs. crore) Q3 FY2015 Q3 FY2014 YoY (%) Total operating income 220.5 188.1 17.2% Total Expenses 157.1 132.2 18.9% EBITDA 66.1 57.3 15.4% EBITDA Margin (%) 30.0% 30.4% EBIT 63.4 56.0 13.3% EBIT Margin (%) 28.7% 29.8% Profit before tax 51.4 45.9 12.1% Profit after tax 33.0 30.1 9.8% Minor
Slide 10: P&L Snapshot 9M FY2015
P&L Snapshot (Rs. crore) 9M FY2015 9M FY2014 YoY (%) Total operating income 535.3 593.1 -9.7% Total Expenses 386.4 417.0 -7.3% EBITDA 156.3 181.2 -13.7% EBITDA Margin (%) 29.2% 30.5% EBIT 148.8 176.1 -15.5% EBIT Margin (%) 27.8% 29.7% Profit before tax 123.8 152.6 -18.8% Profit after tax 80.0 101.8
Slide 11: Balance Sheet Snapshot
Balance Sheet Snapshot (Rs. crore) 31st December, 2014 30th September, 2014 31st March, 2014 Net Worth 849 832 806 Gross debt 343 338 337 Cash & cash equivalents 27 57 70 Current Investments 40 32 15 Net debt** 159 133 136 Inventories 1,326 1,306 1,269 Net debt/Equity (x)** 0.19 0.16 0.17 ROE (%) 7.
Slide 12: FY15-17 targets: sales volumes, value and price realization
Sales volumes (msf.) 12.0 7.6 Sales Value (Rs. crore) FY12-14 FY15-17 7,200 Actuals Target 3,500 Average Price Realization (Rs./sft.) FY12-14 FY15-17 6,000 Actuals Target 4,602 FY12-14 FY15-17 Actuals Target 12
Slide 13: Strategic priorities and outlook
Consolidate stronghold in a stable Pune market driven by strong employment and economic drivers Building brand presence in Bengaluru – increased contribution through activation of all projects in pipeline In Mumbai, add new projects in the redevelopment space while launching projects won last year T
Slide 14: Project-wise gross details, Q3 FY15
Gross Details (including partner’s share) Saleable Area (msf.) Sales Average Area Sold Collections Projects Location value (Rs. Realization Gross KPDL KPDL (msf.) (Rs. mn.) mn.) (Rs./sft.) Life Republic - Phase I 2.6 45% 1.2 Hinjewadi, Pune 0.09 543 5,756 472 Life Republic - Phase I - R3 Avenue 0.4
Slide 15: Project-wise gross details, cumulative
Gross Details (including partner’s share) Saleable Area Sales Average (msf.) Area Sold Collections Projects Location value (Rs. Realization (msf.) (Rs. mn.) mn.) (Rs./sft.) Gross KPDL Share KPDL Share Life Republic - Phase I 2.6 45% 1.2 Hinjewadi, Pune 3.03 12,801 4,221 10,851 Life Republic - Phase
Slide 16: Revenue recognized in key projects
KPDL KPDL KPDL Revenue Revenue Revenue Projects Recognized Recognized Recognized (Q1 FY15) (Q2 FY15) (Q3 FY15) Revenue recongized in key projects Life Republic - Phase I 27 34 26 (% of total income – Q3 FY15) Corolla - Tuscan - Corolla - Phase I 8 8 6 Phase I, 3% Phase I & II, Life Republic Margosa
Slide 17: Strong revenue visibility
FY12-Q3 FY15 (Rs. crore) Strong revenue visibility Gross Unrecognized Revenue 1,382 Gross Revenue Recognized 3,207 Gross Sales Value 4,589 Note – These are gross numbers including partner’s share - ~80-85% will be recognized in KPDL books 17
Slide 18: Cumulative sales value and revenue by project
Cumulative Revenues Cumulative Sales Value Gross Revenue to be Projects Recognized Recognized (FY12 - Q3 FY15) (FY12 - Q3 FY15) Life Republic - Phase I 1,050 1,280 231 Corolla - Phase I 534 673 139 Tuscan - Phase I & II 218 267 50 Margosa Heights I & II 254 340 86 Downtown - Phase I 329 474 145 Glit
Slide 19: Upcoming projects and launch status
Saleable Area KPDL KPDL Share Land cost Projects Location Approval Status/Expected date of launch (msf.) Share (%) (msf.) (Rs. mn.) •Received LC in Mar-14 Life Republic - Phase II 6.9 Hinjewadi, Pune 45% 3.1 3,400 •Launch expected in H2 FY15 Sanjivani Township Phase I 6.0 Urse, Pune 50.5% 3.0 500 •L
Slide 20: Sanjivani Township Phase II and other land projects
KPDL KPDL Title/MOU/DAPA Area Project Share Share Comment /Saledeed/JV (msf.) (%) (msf.) Sanjivani Township, Urse, •50.5% profit sharing JV with Sanjivani Remedies, JV 9.0 50.5% 4.5 Pune Phase II a Pune based Pharma firm •JV with a petroleum company Ghotawade, Pune JV 3.2 50% 1.6 •Awaiting zone clea
Slide 21: About Kolte-Patil Developers Ltd. and contact details
Kolte-Patil Developers Ltd. (BSE:532924, NSE: KOLTEPATIL) is a leading Pune-based real estate company incorporated in 1991. Kolte-Patil is a well- reputed, trusted name with a reputation for high quality standards, design uniqueness, transparency and the delivery of projects in a timely manner. The
Slide 22: Thank you
Thank you LEAPING } FORWARD
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