Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2012 Earnings Presentation
33 slides from Oberoi Realty's earnings presentation, Jan 21, 2012
Slide 1: Result Update Q3FY12
Oberoi Realty Limited Developing Destinations Result Update Q3FY12 - January 21, 2012 O€ i a Ea EALTY
Slide 2: Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed t
Slide 3: Highlights and awards
• Oberoi Esquire completes Rs. 750 crore of Cumulative Sales Value • Oberoi Realty won the following awards in 2011 APREA Best Practices Awards • Emerging Markets – Accounting and Financial Reporting Category • Country Award – Best Submission from India • Commerz won the ‘Luxury Commercial Project o
Slide 4: Financial Update
Financial Update Investment Properties Development Properties 4
Slide 5: Consolidated balance sheet summary Q3FY12
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q3FY12 FY11 Net Fixed Assets Including CWIP 1,00,972 96,909 Goodwill on Consolidation 26,537 Nil Investments 20,133 6,501 Net Working Capital 2,19,576 2,31,260 Deferred Tax Asset / (Liability) (530) 87 Total
Slide 6: Cash flow and cash equivalents
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Opening Cash and Cash Equivalents 1,34,689 1,56,462 50,580 1,46,431 43,967 Operating Cash Flows 10,380 8,665 2,240 24,547 22,274 Investing Cash Flows (11,279) (28,857) (4,7
Slide 7: Net working capital
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q3FY12 FY11 Current Assets (A) Cash and Bank Balance 1,11,959 1,39,930 Inventories 99,834 77,420 Sundry Debtors 4,314 4,675 Other Current Assets 1,255 1,644 Loans and Advances 98,235 71,711 Total - A 3,15,59
Slide 8: Profit and loss summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Revenue from Projects 12,215 16,360 33,919 38,727 58,338 Revenue from Rent 3,265 3,219 2,760 9,656 8,019 Revenue from Hospitality 2,482 1,882 2,175 6,425 4,247
Slide 9: Key financial ratios
Financial Update Investment Properties Development Properties Particulars 9MFY12 FY11 FY10 FY09 FY08 EBITDA (Including Non Operating Income) / Total 63.55% 60.43% 60.09% 60.87% 54.58% Revenue EBITDA (Excluding Non Operating Income) / Total 55.93% 57.94% 59.29% 58.15% 50.37% Operating Revenue PAT Mar
Slide 10: Segment-wise results
Financial Update Investment Properties Development Properties Property Particulars Total Residential Rental Hospitality Management Services Q3FY12 60.53% 61.99% 95.16% 23.82% -4.28% Operating Revenue 18,731 12,352 3,269 2,500 610 EBITDA (Excl Non Operating Income) 11,338 7,657 3,111 596 (26) Q3FY11
Slide 11: Share price performance vs Sensex and BSE Realty Index
Financial Update Investment Properties Development Properties 120.00 110.00 100.00 95 90.00 84 80.00 Index 70.00 60.00 50.00 45 40.00 30.00 23-Jul-11 13-Nov-10 25-Nov-10 13-Mar-11 25-Mar-11 18-Apr-11 30-Apr-11 5-Jun-11 3-Oct-11 20-Nov-11 17-Feb-11 6-Apr-11 21-Sep-11 12-Jan-11 24-Jan-11 11-Jul-11 16-
Slide 12: Shareholding pattern
Financial Update Investment Properties Development Properties Dec 31, Sep 30, Jun 30, Mar 31, Dec 31, Category 2011 2011 2011 2011 2010 Promoter and Promoter Group 78.49% 78.49% 78.49% 78.49% 78.49% Foreign Institutional Investors (FIIs) 9.76% 9.60% 9.54% 9.55% 9.37% Domestic Institutional Investors
Slide 13: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 552,893sqft. GLA: 364,888sqft. 269 rooms 13
Slide 14: Investment property operating metrics (Commerz)
Financial Update Investment Properties Development Properties Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Operating Revenue (Rs. Lakh) 1,970 1,977 1,823 5,859 4,850 EBITDA (Rs. Lakh) 1,862 1,905 1,734 5,614 4,487 EBITDA Margin (%) 94.52% 96.33% 95.11% 95.81% 92.52% Occupancy (%) 94.09% 94.17% 92.
Slide 15: Investment property operating metrics (Oberoi Mall)
Financial Update Investment Properties Development Properties Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Operating Revenue (Rs. Lakh) 1,073 1,091 1,142 3,253 3,406 EBITDA (Rs. Lakh) 1,052 1,041 953 3,132 3,217 EBITDA Margin (%) 98.00% 95.45% 83.45% 96.26% 94.47% Occupancy (%) 75.60% 75.60% 77.14
Slide 16: Hospitality: Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Operating Revenue (Rs. Lakh) 2,500 1,905 2,198 6,488 4,307 EBITDA (Rs. Lakh) 590 279 193 1,322 714 EBITDA Margin 23.60% 14.65% 8.78% 20.37% 16.57% Number of Rooms 269 269 269 269 269 Average
Slide 17: Development Properties
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2011 Project Status as on Sep 30, 2011 Project Status as on Jun 30, 2011 17
Slide 18: Financial Update: Development Properties
Financial Update Investment Properties Development Properties 18
Slide 19: Residential projects status
Financial Update Investment Properties Development Properties Sales Revenue Area Sold Inventory Project Avg Price Residential Projects Est. Area Value Recognised Till Date As on Date Completion for Q3FY12 Till Date Till Date (sqft.) (sqft.) (sqft.) (Rs.Lakh) (Rs.Lakh) (%) (Rs./sqft.) Oberoi Esquire
Slide 20: Residential sales in Q3FY12
Financial Update Investment Properties Development Properties Sales Amount Revenue Area Sold For Units Sold For Residential Projects Value Collected in Recognised in Q3FY12 Q3FY12 For Q3FY12 Q3FY12 Q3FY12 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Oberoi Esquire 68,345 30 8,520 6,346 - Oberoi E
Slide 21: Project Status as on Jan 02, 2012
Financial Update Investment Properties Development Properties Project Status as on Jan 02, 2012 Project Status as on Sep 30, 2011 Project Status as on Jun 30, 2011 21
Slide 22: Oberoi Exquisite project status
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Date Estimated Total Area (sqft.) 1,506,810 1,506,810 1,448,040 1,506,810 1,448,040 1,506,810 Estimated Total Units (nos.) 786 786 756 786 756 786 Area Sold (sqft.) 14,560 19,500
Slide 23: Project Status as on Sep 29, 2011
Financial Update Investment Properties Development Properties Project Status as on Sep 29, 2011 Project Status as on Jun 30, 2011 23
Slide 24: Development Properties: Status as on Dec 31, 2011
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2011 24
Slide 25: Oberoi Esquire project status
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Date Estimated Total Area (sqft.) 19,70,530 19,70,530 NA 19,70,530 NA 19,70,530 Estimated Total Units (nos.) 846 846 NA 846 NA 846 Area Sold (sqft.) 68,345 1,26,985 NA 3,62,165 N
Slide 26: Project Status as on Dec 31, 2011
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2011 Project Status as on Sep 30, 2011 Project Status as on Jun 30, 2011 26
Slide 27: Oberoi Splendor Grande project status
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Date Estimated Total Area (sqft.) 2,83,920 2,83,920 2,83,920 2,83,920 2,83,920 2,83,920 Estimated Total Units (nos.) 156 156 156 156 156 156 Area Sold (sqft.) 27,300 30,940 85,54
Slide 28: Oberoi Splendor project status
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY12 Q2FY12 Q3FY11 9MFY12 9MFY11 Date Estimated Total Area (sqft.) 12,79,152 12,79,152 12,79,152 12,79,152 12,79,152 12,79,152 Estimated Total Units (nos.) 1,296 1,296 1,296 1,296 1,296 1,296 Area Sold (sqft.) 1
Slide 29: Project Status as on Dec 31, 2011
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2011 Project Status as on Sep 30, 2011 29
Slide 30: Project Status as on Sep 30, 2011
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2011 Project Status as on Jun 30, 2011 30
Slide 31: Status as on Dec 31, 2011
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2011 31
Slide 32: Investor Relations contacts
Investor Relations efforts are coordinated by: Saumil Daru Chief Financial Officer saumil.daru@oberoirealty .com Chirag Savla Executive Assistant to Managing Director chirag.savla@oberoirealty.com For any further information please write to ir@oberoirealty.com or contact on (+91 22) 6677 3333 32
Slide 33: Notes and abbreviations
Note Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year. Abbreviations: •