Raymond Limited · NSE:RAYMOND
Raymond — Q2 FY2025 Earnings Presentation
33 slides from Raymond's earnings presentation, Nov 4, 2024
Slide 1: Stock exchange filing cover letter
RL/SE/24-25/169 November 4, 2024 To The Department of Corporate Services - CRD The National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor P.J. Towers, Dalal Street Bandra-Kurla Complex Mumbai - 400 001 Bandra (East), Mumbai - 400 051 Scrip Code: 500330 Symbol: RAYMOND Dear Si
Slide 2: Raymond Limited Q2'FY25 Result Presentation
R AY M O N D L I M I T E D Q 2 ’ F Y 2 5 R E S U LT P R E S E N TAT I O N 4th November 2024 1
Slide 3: Table of Content
Pages 1 Q2FY25 Highlights 4-8 2 Realty Business 9-21 3 Engineering Business 22-24 TABLE OF CONTENT 4 Current Status and Outlook 25-27 5 Management 28-30 6 Disclaimer 31-32 2
Slide 4: Raymond Delivers Strong Quarterly Performance in Real Estate & Engineering Business
Raymond Delivers Strong Quarterly Performance in Real Estate & Engineering Business FINANCIAL OPERATING RESTRUCTURING PERFORMANCE* HIGHLIGHTS UPDATE Revenue YoY Vertical Cash Real ₹1,101 Cr. 115% Surplus ₹685 Cr. Estate Demerger Initiated Scheme filed with Stock Exchange EBITDA YoY ₹172 Cr. 75% Book
Slide 5: Q2'FY25 Highlights
¢ ] 2 gir Raymond Q2’FY25 HIGHLIGHTS
Slide 6: Q2'FY25 — Continued Momentum for Profitable Growth
Q2’FY25 — Continued Momentum for Profitable Growth With record quarterly Revenue and EBITDA performance REAL ESTATE ENGINEERING 443 Revenue (₹Cr.) EBITDA & EBITDA Margin (₹Cr.) Revenue 121% 20.6% 25.6% 19.5% 19.6% (₹Cr.) YoY Growth 225 MPPL 135% 138% 112 219 YoY Growth YoY Growth 219 228 201 571 Q2
Slide 7: Consolidated Results
Consolidated Results Q2’FY25 Particulars (₹ Cr.) Q2 FY25 Q1 FY25 Q2 FY24 YoY H1 FY25 H1 FY24 YoY Net Revenue 1,101 998 512 115% 2,099 1,029 104% Opex 929 836 414 1,765 842 EBITDA 172 162 98 75% 334 187 78% EBITDA Margin % 15.6% 16.2% 19.2% 15.9% 18.2% Depreciation* 40 39 17 80 33 Interest Expense* 2
Slide 8: Q2'FY25 Segment Results
Q2’FY25 — Raymond Limited Segment Results REVENUE EBITDA EBITDA % Q2 Q2 YoY Q2 Q2 YoY Q2 Q2 Particulars (₹ Cr.) FY25 FY24 (%) FY25 FY24 (%) FY25 FY24 Real Estate 571 243 135% 112 47 138% 19.6% 19.5% Engineering* 443 201 121% 49 26 92% 11.0% 12.7% Others# 86 69 25% 11 26 (57%) Raymond Consolidated 1,
Slide 9: H1 FY25 Segment Results
H1 FY25 — Raymond Limited Segment Results REVENUE EBITDA EBITDA % H1 H1 YoY H1 H1 YoY H1 H1 Particulars (₹ Cr.) FY25 FY24 (%) FY25 FY24 (%) FY25 FY24 Real Estate 1,059 476 122% 198 102 94% 18.7% 21.4% Engineering* 862 410 110% 104 55 90% 12.1% 13.4% Others# 178 143 24% 32 31 4% 18.1% 21.7% Raymond C
Slide 10: Realty Business
eR sir Raymona ) Raymond |reacry hi
Slide 11: Raymond Realty Journey So Far
Raymond Realty Journey So Far 1st Project 3rd Project Invictus by GS Ten X Habitat Ten X Era launched in Thane launched launched 2019 2023 2023 2021 2023 2024 2nd Project Address by GS 1st JDA Project Address by GS Season 2 launched The Address by launched GS - Bandra Launched Note: All the years ar
Slide 12: Park Avenue – High Street Retail
Park Avenue – High Street Retail RERA carpet area ~0.08 Mn sq.ft Total Units Planned: 65 11
Slide 13: Shape & Size of the Current Portfolio
Shape & Size of the Current Portfolio OWN LAND (~100 Acre) JDA LED BUSINESS MODEL Asset Light Expansion ₹7,000 Cr.+ AREA UNDER FURTHER POTENTIAL Appointed: Developer for projects in Development Development Launched The Address by MAHIM SION BANDRA EAST ~40 Acre ~60 Acre GS BANDRA ~4.0* mn sq.ft .RER
Slide 14: Brand Portfolio
Brand Portfolio: Creating product brands in a commoditized industry ASPIRATIONAL PREMIUM LUXURY SEGMENT SEGMENT SEGMENT 13
Slide 15: Existing Projects Booking Update
Existing Projects Booking Update (as on 30th Sep 2024) Project 10 towers with Particulars FY24 Q1FY25 Q2FY25 Till Date RERA carpet area % No of Bookings 359 67 56 2,933 ~1.7 Mn sq.ft. UNIT SOLD RERA Carpet Area* 0.21 0.04 0.03 1.60 & Total Units Planned: Value of Bookings (Cr.) 425 84 66 3,172 3,103
Slide 16: Existing Projects Booking Update
Existing Projects Booking Update (as on 30th Sep 2024) Project 3 Towers with Particulars FY24 Q1FY25 Q2FY25 Till Date RERA Carpet Area % No of Bookings 228 66 39 333 UNIT SOLD ~0.7 Mn sq.ft. LAUNCHED UNITS RERA Carpet Area* 0.26 0.08 0.04 0.38 Total Units Planned: Value of Bookings (Cr.) 575 182 99
Slide 17: Existing Projects Booking Update
Existing Projects Booking Update (as on 30th Sep 2024) Project 8 Towers with Particulars FY24 Q1FY25 Q2FY25 Till Date % RERA Carpet Area UNIT SOLD No of Bookings 96 55 30 181 ~0.7 Mn sq.ft. LAUNCHED UNITS RERA Carpet Area* 0.08 0.05 0.03 0.16 Total Units Planned: Value of Bookings (Cr.) 298 171 94 5
Slide 18: Existing Projects Booking Update: Retail Shops
Existing Projects Booking Update: Retail Shops (as on 30th Sep 2024) Project RERA carpet area Particulars Till Date ~0.025 Mn % No of Bookings 94 UNIT SOLD sq.ft. RERA Carpet Area* 0.02 Value of Bookings (Cr.) 126 Total Units Planned: Retail Shops in TenX Project 104 Customer Collections (Cr.) Reven
Slide 19: Projects Status
Projects Status (as on 30th Sep 2024) Building Building Elevation Elevation KEY HIGHLIGHTS: • KEY HIGHLIGHTS: • 5-acre landscape • Centrally located, next to Vivana Mall • 50,000+ sqft clubhouse • 26,500 sqft Clubhouse • 45+ Amenities • 40+ indoor and outdoor amenities • Cross ventilation • Efficien
Slide 20: Projects Status — Contd..
Projects Status — Contd.. (as on 30th Sep 2024) Building Building Building Elevation Elevation Elevation KEY HIGHLIGHTS: KEY HIGHLIGHTS: KEY HIGHLIGHTS: • 1.4 acres of landscape • Premium 3, 4, 5 & 6 bed apartments • 4.5-BED HOMES Spaces • Premium 3, 4, 5 & 6 bed apartment with expansive decks • 70,
Slide 21: Projects Status — JDA project
Projects Status — JDA project (as on 30th Sep 2024) Building Elevation KEY HIGHLIGHTS: • Opulent 2, 3 & 4 BHK apartments with Private Sundeck. • Portuguese-inspired architecture and landscape design. • 30+ landscape & clubhouse amenities BANDRA PROJECT STATUS: Towers A, B, C & D– Excavation WIP 20
Slide 22: Real Estate Business
Real Estate Business Particulars Q2 Q2 YoY H1 H1 YoY (₹Cr.) FY25 FY24 Change FY25 FY24 Change Net Sales 571 243 135% 1,059 476 122% EBITDA 112 47 137% 198 102 94% EBITDA margin 19.6% 19.5% 18.7% 21.4% 1. Booking momentum maintained during the quarter: • With the booking value of ₹ 562 Cr in Q2’FY25
Slide 23: Engineering Business
¢ ] 2 gir Raymond Engineering BUSINESS
Slide 24: Raymond Engineering Business
Raymond Engineering Business 1 Steel Files and Tools & Hardware Auto and Engineering 2 Business has EV Component 3 Verticles Aerospace 3 & Defense One of India’s Largest Supplier of High Precision, Mission-Critical Components to Global Aerospace & Defense OEMs. 23
Slide 25: Engineering Business
Engineering Business YoY H1 H1 YoY Particulars (₹Cr.) Q2’ FY25 Q2’ FY24 Change FY25 FY24 Change Net Sales 443 201 121% 862 410 110% EBITDA 49 26 92% 104 55 90% EBITDA margin 11.0% 12.7% 12.1% 13.4% Q2’ FY24 1. The Segment Witnessed a Growth of 121% in Q2’F25 vs PY: • Performance includes MPPL busine
Slide 26: Current Status & Outlook
¢ ] 2 gir Raymond Current Status & OUTLOOK
Slide 27: Chairman & MD on Q2'FY25 Performance
CHAIRMAN & MANAGING DIRECTOR ON Q2’FY25 PERFORMANCE “We witnessed good momentum both in Real Estate and Engineering businesses. With the launch of Park Avenue- High Street Reimagined, the first of its kind retail space in Thane, Raymond Realty has taken yet another pioneering step to create the aspi
Slide 28: Current Status of Operations & Outlook
Current Status of Operations & Outlook ENGINEERING REAL-ESTATE BUSINESS BUSINESS • Targeting 20-25% growth in booking value • Drive strong growth from sunrise sectors of Aerospace, Auto & EV Components • Future expansion through a capital-light business model (via JDA) • Aerospace business post the
Slide 29: Management
¢ ] 2 gir Raymond Raymond MANAGEMENT
Slide 30: Raymond Group Led by
Raymond Group Led by RAVI UPPAL Non-Executive Chairman JK Files & Engineering Ltd & RPAL GAUTAM HARI SINGHANIA Ex – L&T, JSW Chairman & Managing Director Currently – CMD of Steel Infra Solutions P. Ltd Raymond Ltd. 29
Slide 31: Raymond Management Team
Raymond Management Team S.L. POKHARNA AMIT AGARWAL K.A. NARAYAN JATIN KHANNA President - Corporate Commercial GROUP CFO President – HR Head – Corporate Raymond Ltd. Ex- Wockhardt Development Ex- JSW, Jet Airways, Essar Group Ex- Max Financial Services HARMOHAN SAHNI GAUTAM MAINI ARVIND MATHUR Execut
Slide 32: Disclaimer
Disclaimer The particulars of this presentation contain statements related but not limited to revenues, financial results and supplemental financial information which has been compiled by the management, not to be construed as being provided under any legal or regulatory requirement and are not inte
Slide 33: Thank You
T H A N K YO U Contact: Raymond.IR@Raymond.in 32