Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q3 FY2020 Earnings Presentation
35 slides from Godrej Properties's earnings presentation, Feb 3, 2020
Slide 1: Exchange filing cover letter
Godrej Properties Limited Regd.Office: Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E). Mumbai- 400 079.lndia Tel.. T9!-22-6169 8500 Fax: +91-22-6169 8888 Website: www.godrejpropei1ies.com CIN, L74120MHl985PLC035308 February 03, 2020 BSE Limited Phiroze Jeejeebhoy Towers,
Slide 2: Results Presentation Third Quarter, Financial Year 2020
RESULTS PRESENTATION THIRD QUARTER, FINANCIAL YEAR 2020 I PROPERTIES
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operation
Slide 4: Agenda
AGENDA Overview 01 03 FY20 Operational Highlights 02 03 FY20 Financial Highlights 03 Annexure 04 3 f GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
Slide 5: Godrej Group
GODREJ GROUP • Established in 1897 Value Creation Track Record • $5 bn annual revenue 18 year CAGR in , 1 invested in Particulars stock price June 2001 is now worth • 1 .1 billion people globally use a Godrej product' BSE Sensex 14% 12 • Godrej ranks amongst the most trusted Indian brands2 Godrej Co
Slide 6: Godrej Properties
GODREJ PROPERTIES • Established in 1990 • India's largest publicly listed developer by booking value over the past five years Chandigarh •· . o. 7,T . llli'NCR· • Successfully delivered over 20 million sq. ft. of real estate in 25.1,13 ',�/ the past five years • ~ 188 million sq. ft. of developable
Slide 7: Strengths
STRENGTHS • 1 .1 billion people globally use a Godrej product· Godrej Brand • Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report • GPL brings the Godrej brand's reputation for trust. quality and corporate governance to the real estate sector Effective Compe
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL's IPO would be worth - 7x an identical investment into the BSE Realty Index Value Creation Track Record 10 year CAGR in t 1 invested in Particulars stock price January 2010 is now worth BSE Sensex 8.9% 2.35 Godrej Properties 15.7% 4.30 BSE Realty Index -5.2%
Slide 9: Agenda
AGENDA Overview 01 03 FY20 Operational Highlights Q 2 03 FY20 Financial Highlights 03 Annexure 04 BI GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
Slide 10: Q3 FY20 Operational Highlights
Q3 FY20 OPERATIONAL HIGHLIGHTS • Launched 1 new project in 03 FY20, and 10 new projects/phases in 9M FY20 • Sales booking for 03 FY20 and 9M FY20 stood at INR 1,189 crore and INR 3.532 croi-e, respectively • Added four new residential projects (three in MMR and one in Bangalore) with a saleable area
Slide 11: Sales Highlights
SALES HIGHLIGHTS Particulars Q3 FY20 Q3 FY19 Growth Q2 FY20 Growth 9M FY20 9M FY19 Growth Area Sold* (sq. ft.) 1,583,124 2,802,425 -44% 2,256,659 -30% 5,189,054 5,040,720 3% Booking Value** (INR Cr) 1,189 1,528 -22% 1,446 -18% 3,532 3,155 12% •includes: **Includes - 0 sq. ft. of JVP area in 03 FY20
Slide 12: Project Booking
PROJECT BOOKING ·- ------ -- Particulars Booking Area (sq. ft.) Booking Value (INR Cr) · ··-·-·- Residential Projects 03 FY20 9M FY20 03 FY20 9M FY20 i GodreJ Nest, Kandivali 172,710 172,710 221 221 Godrej Nirvaan, Pune 149,641 319,240 95 198 Godrej Garden City. Ahmedabad 181,362 534,384 61 • 178 Go
Slide 13: Project Booking (Contd.)
PROJECT BOOKING (Contd.) ---------- -- · - ----- Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Commercial Projects 03FY20 gM FY20 Q3FY20 9M FY20 1 Godrej BKC, Mumbai 13,174 13,174 46 46 ···---- Godrej Eternia, Chandigarh 1,323 12,351 1 10 Godrej Genesis, Kolkata 0 11,663 0 5 Total 14.497
Slide 14: Business Development
BUSINESS DEVELOPMENT Added 4 new projects with saleable area of ~ 12. 70 million sq. ft. in Q3 FY20 Navi Mumbai, MMR • Entered into a joint venture to develop a Township Project in Navi Mumbai • The project will be a mixed use development and will offer approximately 7.5 million sq. ft. of saleable
Slide 15: Launch Tracker FY20
LAUNCH TRACKER FY20 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New project launches planned in FY20 New phase launches planned in FY20 Project City Launch Project City Launch Status Status Area* Area* Godrej Palm Retre
Slide 16: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered 1.7 million sq. ft. across two cities Godrej Prime, Mumbai Godrej Aria, NCR 0.75 million sq. ft. 0.67 million sq. ft. Godrej Eternity, Bangalore Godrej Central, Mumbai 0.22 million sq. ft. 0.09 million sq. ft. 15 | GODREJ PROPERTIES | RESULTS PRESENTATION Q3 FY20
Slide 17: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 14 awards in 03 FY20 and a total of 51 awards in 9M FY20 ILLUSTRATIVE LIST OF AWARDS GODREJ PROPERTIES • Builder of the year 13" CNBC-AWAAZ Real Estate Awards • Godrej Properties Ltd. - Bangalore Certificate of Appreciation for the Best Practices in Environment,
Slide 18: Agenda
AGENDA Overview 01 03 FY20 Operational Highlights 02 03 FY20 Financial Highlights O3 Annexure 04 17 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
Slide 19: Consolidated Financial Statements - P&L
CONSOLIDATED FINANCIAL STATEMENTS- P & L (INR Cr) Particulars i 03 FY2020 03 FY2019 %Change 02 FY2020 % Change 9M FY2020 9M FY2019 % Change Total Income 491 473 4% 370 33% 1,569 1,996 -21% Adjusted EBITDA• 177 145 22% 191 -7% 582 525 11% EBITDA.. 151 94 60% 135 12% 481 283 70% - Profit before tax 88
Slide 20: Consolidated Cashflow
CONSOLIDATED CASHFLOW (INR Cr) Notes Particulars Q3 FY20 9M FY20 Operating cashflow Total operating cash inflow 1,131 2,875 A Operating cash outflow Construction and related outflow (553) (1,428) Other project related outflow (334) (1 , 138) Total operating cash outflow (88 7 ) (2,566) Net operating
Slide 21: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) 'i Sr. No: Particulars As on 31.12.2019 As on 31.03.2019 - - --- - - ----- . ' Assets Unaudited Audited � - - -- - --- - - --- 1 Non Current assets ! a : Property, plant & equipment 84.52 71.90 b I Capital Work-in-Progress 120.60 98.77 : C ' : Investme
Slide 22: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No j Particulars As on 31.12.2019 As on 31.03.2019 8 Equity and Liabilities Unaudited Audited --- - - ---- - - ---------- - ---- - -l--------- 1 _______,___,,_ Equity ---- �- a Equity share capital 126.01 114.66 b Other equity 4,575.82 2,354.35 ..
Slide 23: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators Particulars Q3 FY2020 Q3 FY2019 02 FY2020 9M FY2020 9M FY2019 ! Adjusted EBITDA / Total Income* 36.0% 30.6% 51.6% 37.1% 26.3% EBITDA / Total Income** 30.7% 19.9% 36.4% 30.6% 14.2% PBT Margin% 17.9% 7.6% 19.7% 19.2% 5.1% Net Profit Margin %' 9.3% 8.8% 8.3%
Slide 24: Agenda
AGENDA Overview 01 03 FY20 Operational Highlights 02 03 FY20 Financial Highlights Annexure 04 23 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
Slide 25: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Ind AS S.No Project Name Location Asset Class Area (mn sq. ft.) Business Model Status Classification Phase I to IV: Area Based - 73.6% 1 Godrej Garden City· Ahmedabad Residential 14.80 Own Phase V: Revenue Based - 67.6% Ongoing Phase VI onwards - 17% of Revenue
Slide 26: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name Est. Saleable Ind AS Location Asset Class Area (mn sq. fl.) Business Model Status Classification 19 Godrej Palm Grove Chennai Residential 1.93 Own Area Based· 70% (for 12.57 acres). 68% (for 4.82 acres) Ongoing 20 Godrej Azure Chennai Residential 0.70 JV Pro
Slide 27: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name Est. Saleable Ind AS Location Asset Class Area (mn sq. ft.) Business Model Status Classification 35 Godrej Park Mumbai Residential 0.77 Own Revenue Based - 56.5% Forthcoming 36 Godre1 Vihaa Mumbai Residential 1.30 OM DM Fee - 10% of Revenue Ongoing 37 GodreJ
Slide 28: A. Residential Projects
A. RESIDENTIAL PROJECTS Project Name Est. Saleable Ind AS S.No Location Asset Class Area (mn sq. ft.) Classification Business Model Status 53 GodreJ Nirvaan Mumbai Residential 2.25 JV Profit Sharing - 50% Ongoing 54 TaloJa Mumbai Residential 7.50 JV Profit Sharing - 55 % Forthcomrrig 55 Ambernath Mu
Slide 29: A. Residential Projects
A. RESIDENTIAL PROJECTS Project Name Est. Saleable Ind AS S.No Location Asset Class Area (mn sq. ft.) Business Model Status Classification 69 Hin1awadi Pune Residential 8.80 JV Fortl1coming 70 Man1ari Pune Residential 4.80 JV Fo1ihcoming 71 Kalyani Nagar Pune Residential 0.50 JV OM- i 2.5% of Revenu
Slide 30: B. Commercial Projects
B. COMMERCIAL PROJECTS Project Name Est. Saleable Ind AS S.No Location Asset Class Area (mn sq. fl.) 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 - 17% of Revenue 2
Slide 31: 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 32: Press Release: Consolidated Financials for Q3FY20 Results
• I PROPERTIES GODREJ PROPERTIES LIMITED CIN: L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai - 400079 PRESS RELEASE Consolidated Financials for Q3FY20 Results • Total booking value stood at INR 1,189 crore fo
Slide 33: Press Release: Business Development Projects
r1r· I PROPERTIES Navi Mumbai, MMR • Entered into a joint venture to develop a Township Project in Navi Mumbai • The project will be a mixed use development and will offer approximately 7.5 million sq. ft. of saleable area • GPL's economic interest is 55% of profit Ambernath, MMR • Entered into a jo
Slide 34: Press Release: Financial Overview
P¥ I PROPERTIES Commenting on the performance of Q3 FY2020, Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said: ''The overall environment in the real estate sector remains challenging but we continue to believe that the ongoing consolidation in the sector provides Godrej Proper
Slide 35: 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 122-year legacy of excellence and trust with a commitment to cutting edge d