Valor Estate Ltd · NSE:DBREALTY
Valor Estate — Investor Presentation (November 2024)
35 slides from Valor Estate's investor presentation, November 2024
Slide 1: Valor Estate Limited Corporate Presentation
Valor Estate Limited Corporate Presentation Nov 2024
Slide 2: Forward looking statements
Forward looking statements This presentation and discussion may include predictions, estimates, or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on the future, they are subject to risks and uncertainties that could c
Slide 3: Contents
Contents 1 Company Overview 2 Project Portfolio 3 Way Forward 4 Financials 3
Slide 4: Company Overview
Company Overview Godrej Avenue Eleven, Mahalakshmi, Mumbai 4
Slide 5: Valor Estate Ltd (VEL) – Key Highlights
Valor Estate Ltd (VEL) – Key Highlights ~513 acres Owned Land Bank MMR focussed Real Estate Extensive Owned company with diversified revenue streams Land Bank INR 28,000+ cr Established presence in prime locations Expertise in identifying potential growth spanning commercial, hospitality & zones wit
Slide 6: VEL's Expertise in Land Banking
Strategic Land update VEL's Expertise in Land Banking Valor Estate’s 100% Owned Prime Land 247 Acres Prime land in Mira Road, Mumbai Valor Estate's Focus Strategic Land Aggregation & Collaborative Development Land lease rental for next 5 years INR 248 Cr p.a. for setting up of casting yard for Coast
Slide 7: Strategic Development: Valor Estate's Methodology from Land to Landmark
Strategic Development: Valor Estate's Methodology from Land to Landmark Project Development Potential Documentation Land Title Technical, Legal Project Financing & Pricing, Project Lifecycle Land & Due Diligence Acquisition & Regulatory Marketing Completion Planning & Project Identification Navigati
Slide 8: Diversified Portfolio & an Unique Revenue Model
Diversified Portfolio & an Unique Revenue Model Valor Estate’s unique revenue model with diverse revenue streams across segments Valor Estate Portfolio Well diversified balanced portfolio Real Estate Hospitality Diverse project mix addresses different societal needs, buffering against demand fluctua
Slide 9: Leading with excellence
Leading with excellence Vinod Kumar Goenka Shahid Balwa Nabil Patel Chairman & Managing Director Vice Chairman & Managing Director Director - Sales and Marketing 35+ years experience 20+ years experience 20+ years experience Industrialist, Hotelier & Real Estate Developer Industrialist, Hotelier
Slide 10: Project Portfolio
Project Portfolio BKC 101, Mumbai 10
Slide 11: Portfolio Summary
Portfolio Summary Real Estate Hospitality Residential Commercial & Retail 3 projects 6 projects 2 projects Completed Ongoing Operational + 2.0 msf 13.0 msf Expansion 563 Keys + 10 projects Under 2 projects Ongoing + 186 acres Upcoming 26.4 msf Leasable land construction 779 Keys 5 projects 3 project
Slide 12: Residential Segment
Residential Segment DB Woods - Goregaon, Mumbai 12
Slide 13: Residential Housing Scenario – India & MMR
Residential Housing Scenario – India & MMR Market Size of Real estate in India ($ Bn) Urban Population in India (Mn) 675.5 5,800 607.3 542.7 • Booming Real Estate Sector 483.0 Favorable Sector • Rising Urban population Outlook 650 1,000 • >50% Incremental Supply from 180 branded developers 2020 2025
Slide 14: Well diversified presence across Mumbai
Well diversified presence across Mumbai DB Ozone Ten BKC Godrej Avenue DB Hills Eleven ❑ Sales Area: 2.5 msf ❑ Sales Area: 1.5 msf ❑ Sales Area: 0.7 msf ❑ Sales Area: 1.5 msf ❑ GDV: Rs. 1,035+ cr ❑ GDV: Rs. 4,500+ cr ❑ GDV: Rs. 3,000+ cr ❑ GDV: Rs. 1,000+ cr Codename Bandra Codename BKC Codename Cod
Slide 15: Ongoing Residential Projects
Ongoing Residential Projects Ongoing Residential Projects – Under Construction / OC / Finishing WIP stage Total Project’s GDV VEL GDV share Total Saleable Area Balance Revenue Potential INR 5,500+ Cr INR 3,300+ Cr 4.0 msf INR 1,600+ Cr Amount Status, Total Amount receivable / VEL Revenue Revenue Pro
Slide 16: Upcoming Residential Projects
Upcoming Residential Projects Upcoming Residential Projects – Land Title Acquisition / Planning & Design stage Total Project’s GDV Total Saleable Area VEL Revenue Potential INR 46,700+ Cr 22.4+ msf INR 15,600 Cr Revenue Total Saleable VEL Revenue Potential Status, Total Project GDV Project Name Mode
Slide 17: Future Projects in pipeline
Future Projects in pipeline GDV (Sales Potential) Total Saleable Area INR 11,600+ Cr 5.3 msf Total Saleable Area GDV (Sales Potential) VEL Economic Expected Project Name Location (msf) (INR Cr) Interest (%) Start Year (FY) DB Park Mumbai Central, Mumbai 1.4 4,500 100.0% 2026 DB Views Saat Rasta, Mum
Slide 18: Commercial Segment
Sahar, Mumbai BKC 101, Mumbai Commercial Segment The Prestige Trade Centre, Delhi The Prestige, Mahalakshmi Mumbai 18
Slide 19: Key Industry metrics – Commercial segment
Key Industry metrics – Commercial segment India Commercial Real Estate Market ($ Bn) ❑ Significant growth outlook in Full return to office 107 Commercial & Office segments Favorable Sector despite of a global downturn CAGR of 21.1% Within ~3 years 41 Outlook ❑ Inflation pressures expected to ~90% of
Slide 20: Marquee Commercial projects
Marquee Commercial projects Prestige Trade Centre Forum Mall BKC 101 Delhi Worli, Mumbai BKC, Mumbai ❑ Leasable Area: 0.6 msf ❑ Leasable Area: 2.0 msf ❑ Leasable Area: 4.8 msf ❑ Potential Annuity: Rs. 160 cr ❑ Potential Annuity: Rs.700 cr ❑ Potential Annuity: Rs400 cr The Prestige Casting Yard Coden
Slide 21: Commercial Projects Summary
Commercial Projects Summary Projects Total Annuity Revenue Potential Annuity Revenue Potential - Valor Total Leasable Area 6 INR 2,358 Cr INR 1,790 Cr 13.0 msf + 186 acres Under Construction Projects Annuity Expected Annuity Revenue Total Leasable Revenue VEL Economic Project Name Location Revenue S
Slide 22: Hospitality Segment
Grand Hyatt, Goa The Riverwalk, BKC, Mumbai Hospitality Hilton, Andheri, Mumbai Aerocity, Delhi Segment 22
Slide 23: India’s Thriving Hospitality Industry
India’s Thriving Hospitality Industry High Occupancy Rate 40% hotels in India have Nationwide occupancy grew over 70% occupancy by 3.8 pp from YTD December 2022 to YTD December 2023 Decade High RevPAR grew by 30% from YTD RevPAR is expected to increase RevPAR December 2022 to YTD from INR 3,300 in F
Slide 24: 7 Projects
Transforming opportunities into long-term assets and value Hotels 7 Projects 6 Hotels + 1 Service Apartments Hilton Mumbai Grand Hyatt Goa Codename Codename Worli Riverwalk – BKC* INR 2,000 – 2,500 cr Aerocity Potential Stabilised Revenue Annuity JV - 500 keys 1,175 keys VEL share (FY31 E) 171 keys
Slide 25: Marquee Hospitality Projects
Marquee Hospitality Projects Hilton International Grand Hyatt Marriott Marquis & St. Regis A Debt-free asset 27 acres of prime Beach-facing freehold Largest integrated hospitality 24 years of operational excellence land 13 years of operational excellence development in India 171 premium rooms, with
Slide 26: Hospitality Projects Summary – Operational & Upcoming
Hospitality Projects Summary – Operational & Upcoming Operational Projects Annuity Gross Revenue (FY25E) EBITDA (FY25 E) 2 ~INR 390 Cr ~INR 172 Cr FY25-E Annuity Revenue No. of Keys No. of Keys FY25-E EBITDA Current Project Name Location Gross Revenue Current Status Share (Current) (Upcoming) VEL Sh
Slide 27: Hospitality Projects Summary - Forthcoming
Hospitality Projects Summary - Forthcoming Upcoming Projects Potential Keys Incremental Stabilized Annuity Gross Revenue Incremental EBITDA (FY35 E) 3 1,875 ~INR 1,160 Cr ~INR 545 Cr Expected Stabilised Revenue No. of Keys Project Name Location Annuity Revenue Current Status Share (Forthcoming) Pote
Slide 28: Targeting 3,517 keys in Mumbai, Delhi, and Goa by FY31
Targeting 3,517 keys in Mumbai, Delhi, and Goa by FY31 Advent International’s Portfolio (Map) Existing Portfolio No. Hotel Segment Keys Expansion 1 Hilton Mumbai Upper Upscale 171 - 79 keys + additional 2 Grand Hyatt Goa Luxury 313 meeting space Under Construction No. Hotel Segment Opening year Keys
Slide 29: Way Forward
Way Forward 29
Slide 30: VEL’s 5 to 7 Years Trajectory: Charting the Course for Growth
VEL’s 5 to7 Years Trajectory: Charting the Course for Growth Valor Estate’s 5-year Road map Residential Commercial & Retail Hotel & Service Apartment Value of Annuity Annuity Area Sold Revenue Revenue FY31 E FY25 E FY29 E FY35 E FY26 E Revenue FY27 E – FY31 E FY26 E Revenue Stabilised Annuity Revenu
Slide 31: Well-positioned to become a leading MMR developer
Well-positioned to become a leading MMR developer Total Land Area VEL owns one of the largest developable land banks in MMR. Expertise in identifying potential growth zones with ~267 acres of owned and paid-up land parcels. VEL intends to utilize the vast available land bank of the Group for develop
Slide 32: Strategic Demerger of Hospitality business
Strategic Demerger of Hospitality business Real Estate Hospitality Residential Hospitality (Existing +expansion) Ongoing & Forthcoming No. of Hotels Keys Upcoming 26.4 msf 5.3 msf 2 563 Commercial Hospitality (Forthcoming) Commercial Ongoing No. of Hotels Keys 13.0 msf + 186 acres leasable land 5 ~2
Slide 33: Financials
Financials 33
Slide 34: Q2 FY25 Business Highlights
Q2 FY25 Business Highlights Financial Updates Business Updates (INR crores unless stated) MCGM Contract of INR 7,200 crores Particulars Q2 FY25 Q2 FY24 Q1 FY25 VEL secures contract from MCGM to construct 13,347 tenements on prime land parcel situated at Malad East with an expected GDV of up to INR 7
Slide 35: Thank You
Thank You Valor Estate Limited. Ernst & Young LLP investorrelations@dbg.co.in Investor Relation Advisory +91-22-49742706 Vikash Verma Sumedh Desai Vikash.Verma1@in.ey.com Sumedh.desai@in.ey.com 35