Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q4 FY2017 Earnings Presentation
43 slides from Oberoi Realty's earnings presentation, May 4, 2017
Slide 1: Oberoi Realty Limited Result Update Q4FY17 & FY17
Oberoi Realty Limited Result Update Q4FY17 & FY17 May 04, 2017
Slide 2: Key Developments
Key Developments Received approval for additional residential area of ~5.30 lakh sq.ft. in Three Sixty West (Oasis Realty) Commerz II – 4 additional floors leased (~ 1 lakh sq.ft. GLA) Achieved annual gross booking exceeding Rs. 1,500 crores in residential projects in FY17 Awards for the Quart
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 2
Slide 4: Key Ind AS implications for Oberoi Realty
Key Ind AS implications for Oberoi Realty Ind AS Implications Ind AS 10-Events after the Reporting Liability for proposed dividend to be recognized in the period when the Period dividends are approved by the shareholders in the AGM. Ind AS 12-Income Taxes Deferred taxes to be recognised for future t
Slide 5: Summary Balance Sheet
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars FY17 FY16 Non-current assets 2,89,909 2,64,546 Current assets 5,55,505 4,83,830 Total 8,45,414 7,48,376 Equity 5,72,596 5,34,113 Non-current liabilities 82,929 40,418 Current liabilities 1,89,889 1,73,845 Tot
Slide 6: Cash Flow Summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Opening Cash and Cash Equivalents 53,069 29,865 41,519 38,629 28,680 Operating Cash Flows 7,988 12,994 20,660 17,353 45,310 Investing Cash Flows (26,374) (8,476) (12,848) (54,37
Slide 7: Balance Sheet: Assets
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars FY17 FY16 Non-current assets Fixed assets (including CWIP) 1,05,446 1,02,577 Financial assets 1,60,178 1,37,665 Deferred tax assets (net) 9,974 10,295 Other non-current assets 14,311 14,009 Total non-current
Slide 8: Balance Sheet: Liabilities
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars FY17 FY16 Non-current liabilities Financial liabilities i) Borrowings 74,938 34,943 ii) Others 719 713 Provisions 171 138 Other non-current liabilities 7,101 4,624 Total Non-current liabilities 82,929 40,418
Slide 9: Consolidated Profit and Loss
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Revenue from Projects 19,243 15,535 14,150 74,638 1,06,329 Revenue from Hospitality 3,364 3,436 3,239 12,574 12,712 Revenue from Rent 5,163 5,049 4,564 19,390 17,8
Slide 10: Net Profit Reconciliation IGAAP to Ind AS
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars FY16 Net Profit under previous IGAAP 42,591 Adjustments Impact due to fair valuation of Lease deposit accepted (Ind AS 109) (23) Impact due to straight lining of lease rentals (Ind AS 17) 169 Fair valuation
Slide 11: Key Financial Ratios
Financial Update Investment Properties Development Properties Particulars FY17 FY16 EBITDA Margin (Including Non Operating 53.17% 49.29% Income/ Total Revenue) EBITDA Margin (Excluding Non Operating 51.18% 47.76% Income/ Total Operating Income) PAT Margin 32.34% 29.75% RONW# 6.84% 8.64% ROCE# 6.22%
Slide 12: Segment Results
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q4FY17 52.31% 46.71% 94.94% 38.86% -19.43% Total Operating Revenues 28,955 19,479 5,174 3,385 917 EBITDA (Excluding Non Operating Income) 15,1
Slide 13: Share Price Performance Since Listing
Index 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 20/Oct/10 01/Dec/10 12/Jan/11 23/Feb/11 06/Apr/11 18/May/11 29/Jun/11 10/Aug/11 21/Sep/11 Financial Update 02/Nov/11 14/Dec/11 25/Jan/12 07/Mar/12 18/Apr/12 30/May/12 11/Jul/12 22/Aug/12 03/Oct/12 14/Nov/12 26/Dec/12 Sensex 06/Feb/13 20/Mar/1
Slide 14: Share Price Performance FY17
Financial Update Investment Properties Development Properties 170.00 160.00 150.00 140.00 130.00 120.00 Index 110.00 100.00 90.00 80.00 70.00 60.00 50.00 27/May/16 09/Dec/16 06/Jan/17 19/Aug/16 03/Feb/17 01/Apr/16 29/Apr/16 22/Jul/16 03/Mar/17 31/Mar/17 24/Jun/16 11/Nov/16 16/Sep/16 14/Oct/16 Sensex
Slide 15: Shareholding Pattern
Financial Update Investment Properties Development Properties Category 31-Mar-17 31-Dec-16 30-Sep-16 30-Jun-16 31-Mar-16 Promoter and Promoter Group 72.50% 72.53% 72.54% 72.54% 72.55% Foreign Institutional Investors (FIIs) 25.35% 25.35% 24.23% 22.07% 21.30% Domestic Institutional Investors (Institut
Slide 16: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 725,769 sqft. 269 rooms GLA: 552,893 sqft. 15
Slide 17: Investment Properties: Commerz
Financial Update Investment Properties Development Properties Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Operating Revenue (Rs. Lakh) 2,567 2,526 2,506 10,000 9,852 EBITDA (Rs. Lakh) 2,395 2,373 2,372 9,337 9,358 EBITDA Margin (%) 93.30% 93.92% 94.65% 93.38% 95.00% Occupancy (%) 99.68% 99.89% 99.47%
Slide 18: Investment Properties: Oberoi Mall
Financial Update Investment Properties Development Properties Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Operating Revenue (Rs. Lakh) 1,202 1,196 1,166 4,812 4,883 EBITDA (Rs. Lakh) 1,196 1,181 1,155 ** 4,784 4,863 EBITDA Margin (%) 99.52% 98.77% 99.05% 99.41% 99.59% Occupancy (%)* 88.47% 88.47% 88.
Slide 19: Investment Properties: Commerz II
Financial Update Investment Properties Development Properties Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Operating Revenue (Rs. Lakh) 822 732 383 2,255 930 EBITDA (Rs. Lakh) 661 500 66 1,457 322 EBITDA Margin (%) 80.40% 68.38% 17.31% 64.61% 34.64% Occupancy (%) 29.89% 29.89% 13.02% 20.33% 13.02% Are
Slide 20: Hospitality: The Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Operating Revenue (Rs. Lakh) 3,385 3,457 3,261 12,660 12,798 EBITDA (Rs. Lakh) 1,315 1,364 1,111 4,365 4,152 EBITDA Margin (%) 38.85% 39.44% 34.06% 34.48% 32.44% Number of Rooms 269 269 269 269 2
Slide 21: Development Properties
Financial Update Investment Properties Development Properties 20
Slide 22: Residential Projects Summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Value Project Avg. Price for Residential Projects Est. Area Recognised till Till Date on Date till Date Completion Q4FY17 Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Seven 39
Slide 23: Residential Projects Q4FY17 Bookings
Financial Update Investment Properties Development Properties Amount Revenue Area Booked in Units Booked Sales Value for Residential Projects Collected in Recognised in Q4FY17 in Q4FY17 Q4FY17 Q4FY17 Q4FY17 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 6,890 4 1,623 1,503 1,623 Esquire 2
Slide 24: Exquisite Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Date Estimated Total Area (sqft.) 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 Estimated Total Units (nos.) 802 802 802 802 802 802 Area Booked (sqft) 6,890 1,820 14,4
Slide 25: Exquisite Project Status
Financial Update Investment Properties Development Properties Project Status as on Mar 31, 2017 Project Status as on Dec 31, 2016 24
Slide 26: Financial Update Investment Properties Development Properties
Financial Update Investment Properties Development Properties 25
Slide 27: Esquire Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 20,31,990 21,22,031 20,31,990 21,22,031 Estimated Total Units (nos.) 882 882 874 882 874 882 Area Booked (sqft) 21,106 28,016 22
Slide 28: Esquire Project Status
Financial Update Investment Properties Development Properties Project Status as on Mar 31, 2017 Project Status as on Dec 31, 2016 27
Slide 29: Prisma Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 91 Area Booked (sqft) 12,364 2,602 5,204 46,549 35
Slide 30: Prisma Project Status
Financial Update Investment Properties Development Properties Project Status as on Mar 31, 2017 Amount spent in Q4FY17 : Rs. 140.29 crore 29
Slide 31: Three Sixty West Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Date Estimated Area of Project (sqft.) # 17,83,928 17,83,928 17,83,928 17,83,928 17,83,928 17,83,928 Area Booked (sqft) 45,427 28,686 - 1,97,721 * 19,124 * 3,41,151 Units Booked (nos
Slide 32: Three Sixty West Project Status
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2017 Project status as on Dec 31, 2016 31
Slide 33: Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 32
Slide 34: Eternia Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Date Estimated Area of Project (sqft.) 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 Estimated Total Units (nos.) 1,057 1,057 1,057 1,057 1,057 1,057 Area opened for bo
Slide 35: Eternia Project Status
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2017 Project status as on Dec 31, 2016 34
Slide 36: Financial Update Investment Properties Development Properties
Financial Update Investment Properties Development Properties 35
Slide 37: Enigma Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Date Estimated Area of Project (sqft.) 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 Estimated Total Units (nos.) 619 619 619 619 619 619 Area opened for booking (sqft.
Slide 38: Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 37
Slide 39: Enigma Project Status
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2017 Project status as on Dec 31, 2016 Artist Impression 38
Slide 40: Sky City Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY17 Q3FY17 Q4FY16 FY17 FY16 Date Estimated Area of Project (sqft.) 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 Estimated Total Units (nos.) 2,357 2,357 2,357 2,357 2,357 2,357 Area opened for bo
Slide 41: Investor Relations Contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Aditi Mittal Executive Assistant to Managing Director/Investor Relations aditi.mittal@oberoirealty.com Shital Shah Senior Manager – Investor Relations shital.shah@oberoirealty.com For any furthe
Slide 42: Notes
Notes 1. Indian Accounting Standards (IND AS) are applicable to the company for the period commencing on or after April 01, 2016. Thus the results for the year ended Mar 31, 2017 are as per IND AS. The results for the year ended Mar 31, 2016 have also been recast to facilitate comparison. 2. Conside
Slide 43: 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