Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q1 FY2014 Earnings Presentation
17 slides from Kolte-patil Developers's earnings presentation, 2013
Slide 1: Q1 FY2014 Results Presentation
Q1 FY2014 Results Presentation
Slide 2: 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 3: Agenda
1 CEO’s Message 2 Performance Highlights 3 P&L /Balance Sheet Snapshot 4 Details of New Launches 5 Project-wise Details 6 Outlook 7 About Kolte-Patil 3
Slide 4: CEO's Message
Commenting on the performance for Q1 FY2014, Mr. Sujay Kalele, CEO, Kolte-Patil Developers Ltd. said, “We have started the year on a strong note with both revenues and PAT growing over 115% YoY in Q1 FY14. Despite unfavourable macroeconomic conditions, we have booked 0.44 msf. of new sales this quar
Slide 5: Performance Highlights
Financial Performance Revenues growth of 115.5% YoY to Rs. 2,163 million EBITDA growth of 132% YoY to Rs. 636 million; margins expand 210 bps to 29.4% PBT growth of 147% to Rs. 543 million PAT (after minority interest) growth of 115.3% YoY to Rs. 264 million New Sales Bookings / Collections Recorded
Slide 6: Quarterly operating income, EBITDA, PAT, sales and collections
Operating income EBITDA PAT 2,254 2,163 451 Rs. million Rs. million 2,099 1,917 668 Rs. million 629 636 305 264 1,004 349 196 274 123 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY13 FY13 FY13 FY13 FY14 FY13 FY13 FY13 FY13 FY14 FY13 FY13 FY13 FY13 FY14 Sales Volume Sales Value Total collections 3,8
Slide 7: P&L Snapshot
P&L Snapshot (Rs. Million) Q1 FY2014 Q1 FY2013 YoY (%) Total operating income 2,163 1,004 115.5% Total Expenses 1,548 736 110.3% EBITDA 636 274 132.0% EBITDA Margin (%) 29.4% 27.3% +210 bps EBIT 615 268 129.6% EBIT Margin (%) 28.4% 26.7% +170 bps Profit before tax 543 220 147.0% Profit after tax 362
Slide 8: Balance Sheet Snapshot
Balance Sheet Snapshot (Rs. million) 30th June, 2013 31st March, 2013 Net Worth 7,436 7,172 Gross debt 2,394 1,745 Cash & cash equivalents 530 1,122 Net debt 1,864 624 Current Investments 491 76 Inventories 11,279 9,826 Debt/Equity (x) 0.3 0.1 ROE (%) 16.3% 15.0% ROCE (%) 22.5% 20.9% Note – ROE, ROC
Slide 9: Details of ongoing projects in Q1 FY2014
Details of ongoing projects in Q1 FY2014 Average Saleable Area KPDL Share Area Sold Sales value Collections Projects Location Realization (msf.) (msf.) (msf.) (Rs. mn.) (Rs. mn.) (Rs./sft.) Life Republic - Phase I 2.6 Hinjewadi, Pune 1.2 0.05 276 1,390 5,313 Corolla - Phase I 1.9 Wagholi, Pune 0.7 0
Slide 10: Revenue recognized in key projects – Q1 FY14
Revenue recognized in key projects – Q1 FY14 Revenue recongized in key projects (% of total income – Q1 FY14) City Centre, 1% Revenue recognized in Q1 Projects (Rs. mn.) City Bay , 1% Others, 20% Life Republic - Life Republic - Phase I 488 Phase I, 23% Cilantro, Corolla - Phase I 216 2% Corolla - Tu
Slide 11: Details of ongoing projects as on 30th June, 2013
Details of ongoing projects as on 30th June, 2013 Saleable Area KPDL Share Collections Projects Location Area Sold (msf.) Sales value (msf.) (msf.) (msf.) (Rs. mn.) Life Republic - Phase I 2.6 Hinjewadi, Pune 1.2 2.54 9,950 6,737 Corolla - Phase I 1.9 Wagholi, Pune 0.7 1.8 5,344 4,743 Tuscan - Phase
Slide 12: Forthcoming projects and approval status
Saleable Area KPDL Share Land cost* Projects Location Approval Status/Expected date of launch (msf.) (%) (Rs. mn.) Life Republic - Phase II 6.9 Hinjewadi, Pune 45% 3,400 •2 msf. expected in Q2 FY2014 Corolla - Phase II 2.5 Wagholi, Pune 37% 946 •1.5 msf. expected in Q3 FY2014 Allura II 0.3 Undri , N
Slide 13: Expected divestment of agricultural plots
Title/MOU/DAPA Share of KPDL Share Project Area (msf.) Comment /Saledeed/JV KPDL (msf.)* • 50:50 profit sharing JV with Sanjivani Remidies, a Pune based Pharma firm Sanjivani Township, JV 15.0 50% 7.5 • Launch targeted by end FY14 Urse, Pune • Awaiting land clearance from the Department of Urban Dev
Slide 14: Completed Projects
Completed Projects (msf.) Saleable Pune Projects Area (msf.) IT Parks, 1.4 Residential 4.2 IT Parks 1.4 Commercial, 0.7 Commercial 0.7 Total 6.3 Residential, 4.7 Saleable Bengaluru Projects Area (msf.) Residential 0.5 Total 0.5 Delivered 42 projects including 30 residential complexes, 8 commercial c
Slide 15: Outlook: Operational Parameters
Operational Parameters Focused on maintaining construction quality and adherence to strict delivery timelines Demand environment Demand situation impacted by volatile macro environment Investors turning to companies with strong, on-time delivery track record New Sales and Realization Sales momentum
Slide 16: About Kolte-Patil and contact information
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 c
Slide 17: Thank You
THANK YOU
Kolte-Patil Developers — Q1 FY2014 Earnings Presentation on 6ix