Embassy Developments Limited · NSE:EMBDL
Embassy Developments — Indiabulls Real Estate — Q1 FY2019 Earnings Presentation
44 slides from Embassy Developments's earnings presentation, Aug 14, 2018
Slide 1: Indiabulls Real Estate Limited Investor Presentation
Indiabulls Real Estate Limited Investor Presentation 14th August, 2018
Slide 2: Ind AS 115 – New Accounting Guidelines
Ind AS 115 – New Accounting Guidelines • IND AS 115 - Revenue from Contracts with Customers has been notified by Ministry of Corporate Affairs (MCA) on March 28, 2018 and is effective from accounting period beginning on or after April 01, 2018. The Company has taken a conservative approach and adopt
Slide 3: Financial Performance: Key Financial Highlights Q1 FY 18-19
Financial Performance Key Financial Highlights: Q1 FY 18-19 IBREL Consolidated Q1 FY 18-19 Q1 FY 17-18 Revenue from Operations (₹ Cr) 810.9 585.6 Other Income (₹ Cr) 24.1 20.0 Total Revenues (₹ Cr) 835.0 605.6 PAT after minority interest (₹ Cr) 117.5 124.1 EPS (₹) 2.48 2.67 Previous periods have bee
Slide 4: Business Updates
Business Updates • Development potential for Blu Estate & Club layout increased from 2.28 Mn sq. ft. to 2.64 Mn sq. ft. on account of new Mumbai DCR. • Company has applied for 2 Towers completion in Blu Estate & Club, which will lead to significant collections. • On July 6, 2018, Company executed de
Slide 5: Portfolio Summary
Portfolio Summary Indiabulls Real Estate Limited 100% 100% 50% Development Portfolio JV Portfolio with Blackstone Office Rental Portfolio (Associate Company) Area Sales Area Annuity Area Annuity (Mn. sq. Value (Mn. sq. Revenue Rental (Mn. sq. Revenue ft.) (₹ Cr) ft.) (₹ Cr) ft.) (₹ Cr) Under constru
Slide 6: Summary of Value of Different Parts of IBREL
Summary of Value of Different Parts of IBREL • Equity Value of Development Portfolio (refer to slide 23) – ₹ 17,191 Cr • Equity Value of Owned Office Rental Portfolio (refer to slides 24 to 32) – ₹ 6,845 Cr • Equity Value of 50% in JV Portfolio with Blackstone# (refer to slides 33 to 37) – ₹ 2,250 C
Slide 7: Growth Potential
Growth Potential • Rental Portfolio: o Regular sales from the portfolio of owned & completed office properties to the Rental platform with/of Investors, and deploy funds to acquire assets at a discount to their replacement costs. o Enhance Annuity Revenue by leveraging the 200+ marquee Tenant relati
Slide 8: Development Portfolio
Indiabulls REAL ESTATE Development Portfolio
Slide 9: Blu Estate & Club, Worli
Blu Estate & Club, Worli Location Worli, Mumbai Area (Mn. Sq. Ft) 1.91* Total Sales Value (₹ Cr) 8,393 % Area Sold 66.5% Pending Collection from Area Sold (₹ Cr) 1,983 Pending Construction Cost (₹ Cr) 892 Net Surplus (₹ Cr) 4,314 Actual image Project location Actual image * The total area in Blu Est
Slide 10: Indiabulls Greens, Panvel
Indiabulls Greens, Panvel Location Panvel, Navi Mumbai Area (Mn. Sq. Ft) 8.73 Total Sales Value (₹ Cr) 4,467 % Area Sold 83.8% Pending Collection from Area Sold (₹ Cr) 1,567 Pending Construction Cost (₹ Cr) 828 Net Surplus (₹ Cr) 1,798 Actual image Project location McDonalds Kalamboli Circle MGM Hos
Slide 11: Indiabulls Golf City, Savroli
Indiabulls Golf City, Savroli Location Savroli, Navi Mumbai Area (Mn. Sq. Ft) 5.39 Total Sales Value (₹ Cr) 3,227 % Area Sold 15.6% Pending Collection from Area Sold (₹ Cr) 261 Pending Construction Cost (₹ Cr) 1,025 Net Surplus (₹ Cr) 1,966 Actual image Project location NAVI MUMBAI INTERNATIONAL GOL
Slide 12: Centrum Park, Gurgaon
Centrum Park, Gurgaon Location Gurgaon (Sector 103) Area (Mn. Sq. Ft) 2.16 Total Sales Value (₹ Cr) 904 % Area Sold 80.1% Pending Collection from Area Sold (₹ Cr) 63 Pending Construction Cost (₹ Cr) 17 Net Surplus (₹ Cr) 285 Project location Actual image Actual image 12
Slide 13: Enigma, Gurgaon
Enigma, Gurgaon Location Gurgaon (Sector 110) Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 1,118 % Area Sold 90.3% Pending Collection from Area Sold (₹ Cr) 133 Pending Construction Cost (₹ Cr) 31 Net Surplus (₹ Cr) 237 Actual image Project location Actual image 13
Slide 14: One Indiabulls, Gurgaon
One Indiabulls, Gurgaon Location Gurgaon (Sector 104) Area (Mn. Sq. Ft) 4.68 Total Sales Value (₹ Cr) 3,686 % Area Sold 5.1% Pending Collection from Area Sold (₹ Cr) 112 Pending Construction Cost (₹ Cr) 1,256 Net Surplus (₹ Cr) 2,408 CGI Project location CGI 14
Slide 15: Indiabulls City, Sonepat
Indiabulls City, Sonepat Location Sonepat Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 262 % Area Sold 51.1% Pending Collection from Area Sold (₹ Cr) 19 Pending Construction Cost (₹ Cr) 28 Net Surplus (₹ Cr) 134 Actual image Project location CGI 15
Slide 16: One Indiabulls, Vadodara
One Indiabulls, Vadodara Location Vadodara Area (mn. Sq. Ft) 0.23 Total Sales Value (₹ Cr) 84 % Area Sold 17.4% Pending Collection from Area Sold (₹ Cr) 11 Pending Construction Cost (₹ Cr) 8 Net Surplus (₹ Cr) 70 Actual image Project location CGI 16
Slide 17: Indiabulls One 09, Gurgaon
Indiabulls One 09, Gurgaon Location Gurgaon (Sector 109) Area (Mn. Sq. Ft) 1.10 Total Sales Value (₹ Cr) 859 % Area Sold 25.5% Pending Collection from Area Sold (₹ Cr) 142 Pending Construction Cost (₹ Cr) 263 Net Surplus (₹ Cr) 534 Actual image Project location CGI 17
Slide 18: Mega Mall, Jodhpur
Mega Mall, Jodhpur Location Jodhpur Area (Mn. Sq. Ft) 0.65 Total Sales Value (₹ Cr) 361 % Area Sold 36.9% Pending Collection from Area Sold (₹ Cr) 61 Pending Construction Cost (₹ Cr) 75 Net Surplus (₹ Cr) 234 Actual image Project location CGI 18
Slide 19: Indiabulls Seirra, Vizag
Indiabulls Seirra, Vizag Location Vishakhapatnam Area (Mn. Sq. Ft) 0.84 Total Sales Value (₹ Cr) 266 % Area Sold 85.7% Pending Collection from Area Sold (₹ Cr) 84 Pending Construction Cost (₹ Cr) 111 Net Surplus (₹ Cr) 11 Actual image Project location CGI 19
Slide 20: One Indiabulls Thane
One Indiabulls Thane Location Thane Area (Mn. Sq. Ft) 1.40 Total Sales Value (₹ Cr) 1,606 % Area Sold 22.9% Pending Collection from Area Sold (₹ Cr) 283 Pending Construction Cost (₹ Cr) 485 Net Surplus (₹ Cr) 1,093 Project location CGI 20
Slide 21: Hanover Bond, London
Hanover Bond, London Location London Area (Mn. Sq. Ft) 0.14 Total Sales Value (₹ Cr) 5,221 % Area Sold 12.0% Pending Collection from Area Sold (₹ Cr) 451 Pending Construction Cost (₹ Cr) 1,415 Net Surplus (₹ Cr) 3,806 Actual image Project location CGI Exchange rate considered £1 = ₹ 89.93 21
Slide 22: Worli Commercial
Worli Commercial Location Worli, Mumbai Area (Mn. Sq. Ft) 0.26 Total Sales Value (₹ Cr) 765 Pending Construction Cost (₹ Cr) 464 Net Surplus (₹ Cr) 301 Project location CGI 22
Slide 23: Development Portfolio – Net Surplus
Development Portfolio – Net Surplus Net Surplus Project Location (₹ Cr) Blu Estate & Club, Worli Mumbai 4,314 Indiabulls Greens, Panvel Mumbai 1,798 Indiabulls Golf City, Savroli Mumbai 1,966 Centrum Park, Gurgaon NCR 285 Enigma, Gurgaon NCR 237 One Indiabulls, Gurgaon NCR 2,408 Indiabulls City, Son
Slide 24: Owned Office Portfolio
Indiabulls REAL ESTATE Owned Office Portfolio
Slide 25: Owned Office Portfolio – Completed
Owned Office Portfolio – Completed One Indiabulls Park, Chennai Location Chennai Area (Mn. Sq. Ft) 1.90 Annuity Revenue (₹ Cr) 85 Project location Actual image Actual image Note: Company has divested the non-core asset on 6th July 2018. 25
Slide 26: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 18, Udyog Vihar, Gurgaon Plot 422 Location Gurgaon (Sector 18) Area (Mn. Sq. Ft) 0.25 Annuity Revenue (₹ Cr) 34 Pending Construction Cost (₹ Cr) - Expected in 2019 Project location Actual image Actual image 26
Slide 27: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Phase IV, Udyog Vihar, Gurgaon Plot 412-415 Location Gurgaon (Phase IV) Area (Mn. Sq. Ft) 0.25 Annuity Revenue (₹ Cr) 34 Pending Construction Cost (₹ Cr) - Expected in 2019 Project location Actual image Actual image 27
Slide 28: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 18, Udyog Vihar, Gurgaon Plot 20 Location Gurgaon (Sector 18) Area (Mn. Sq. Ft) 0.50 Annuity Revenue (₹ Cr) 67 Pending Construction Cost (₹ Cr) 196 Expected in 2020 Project location CGI 28
Slide 29: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Indiabulls Mint, Gurgaon Location Gurgaon (Sector 104) Area (Mn. Sq. Ft) 0.40 Annuity Revenue (₹ Cr) 42 Pending Construction Cost (₹ Cr) 85 Expected in 2020 Project location Actual Image CGI 29
Slide 30: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 106, Gurgaon Location Gurgaon (Sector 106) Area (Mn. Sq. Ft) 1.16 Annuity Revenue (₹ Cr) 123 Pending Construction Cost (₹ Cr) 474 Expected in 2021 Project location CGI 30
Slide 31: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Commercial Development at Blu Location Worli, Mumbai Area (Mn. Sq. Ft) 0.73 Annuity Revenue (₹ Cr) 266 Pending Construction Cost (₹ Cr) 666 Expected in 2022 Project location CGI 31
Slide 32: Owned Office Portfolio – Annuity Revenue Summary
Owned Office Portfolio – Annuity Revenue Summary Annualised Total Annuity Revenue expected in Annuity Revenue (₹ Cr) FY 2018-19 162 FY 2019-20 272 FY 2020-21 395 FY 2021-22 661 Note: Company has divested the Chennai non-core asset on 6th July 2018. 32
Slide 33: JV Portfolio with Blackstone (Associate Company)
JV Portfolio with Blackstone (Associate Company) 33
Slide 34: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned One Indiabulls Centre, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.67 Annuity Revenue (₹ Cr) 352 Actual image Actual image 34
Slide 35: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned Indiabulls Finance Centre, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.67 Annuity Revenue (₹ Cr) 318 Actual image Actual image 35
Slide 36: JV Portfolio – Under Construction
JV Portfolio – Under Construction Indiabulls Finance Centre – New Tower, Mumbai Location Mumbai Area (Mn. Sq. Ft) 0.82 Annuity Revenue (₹ Cr) 172 Pending Construction Cost (₹ Cr) 384 Expected in 2020 Project location Actual image CGI 36
Slide 37: JV Portfolio – Under Construction
JV Portfolio – Under Construction Sky Forest, Residential Development, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.63 Total Sales Value (₹ Cr) 3,839 % Area Sold 65.6% Pending Collection from Area Sold (₹ Cr) 547 Pending Construction Cost (₹ Cr) 632 Net Surplus (₹ Cr) 1,421 Project location Actual ima
Slide 38: Detailed Financials
Indiabulls REAL ESTATE Detailed Financials 38
Slide 39: Consolidated Income Statement
Consolidated Income Statement Amount in ₹ Crore Preceding 3 Corresponding 3 Previous year 3 months ended Particulars months ended months ended ended 30 June 2018 31 March 2018 30 June 2017 31 March 2018 IND AS 115 IND AS 115 IND AS 115 IND AS 115 1 Income from operations a) Revenue from operations 8
Slide 40: Consolidated Balance Sheet
Consolidated Balance Sheet Balance Sheet as on 30 Jun 2018 (Consolidated) Amount in ₹ Crore As on June 30, As on March 31, 2018 2018 IND AS 115 IND AS 115 ASSETS Non-current assets (a) Property, plant and equipment 59.00 60.32 (b) Capital work-in-progress 843.46 - (c) Investment property 928.58 891.
Slide 41: Consolidated Balance Sheet (Contd.)
Consolidated Balance Sheet (Contd.) Balance Sheet as on 30 Jun 2018 (Consolidated) Amount in ₹ Crore As on June 30, As on March 31, 2018 2018 EQUITY AND LIABILITIES Equity (a) Equity share capital 90.84 94.93 (b) Instruments entirely in the nature of equity 1,048.28 1,048.28 (c) Other equity 3,543.1
Slide 42: Corporate Social Responsibility
Corporate Social Responsibility 42
Slide 43: Indiabulls Foundation: Corporate Social Responsibility
Indiabulls Foundation: Corporate Social Responsibility Best Overall Excellence in CSR award at National Awards for Excellence in CSR & Sustainability 2016 Health Free Mobile Medical Vans HDFC Cancer Relief Fund: Community Care - Free primary doorstep healthcare facility - Invested ₹ 200 Mn in HDFC C
Slide 44: Thank you
Thank you This document contains certain forward‐looking statements based on current expectations of Indiabulls Real Estate Ltd.'s (CIN: L45101DL2006PLC148314) management. Actual results may vary significantly from the forward‐looking statements in this document due to various risks and uncertaintie
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