Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q1 FY2020 Earnings Presentation
36 slides from Oberoi Realty's earnings presentation, Jul 24, 2019
Slide 1: Result Update Q1FY20
Oberoi Realty Limited Result Update Q1FY20 July 24, 2019
Slide 2: Financial Update
Financial Update Investment Properties Development Properties 1
Slide 3: Summary balance sheet
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q1FY20 Q1FY19 FY19 Non-current assets 4,25,875 3,87,384 4,14,282 Current assets 6,98,440 7,25,967 6,98,572 Total 11,24,315 11,13,351 11,12,854 Equity 8,18,100 7,50,672 8,02,917 Non-current liabilities 76,191
Slide 4: Cash flow summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q1FY20 Q1FY19 FY19 Opening Cash and Cash Equivalents 76,738 12,081 12,081 Operating Cash Flows 3,608 23,299 14,556 Investing Cash Flows (53,790) (87,090) (67,496) Financing Cash Flows (7,085) 1,10,658 83,894
Slide 5: Assets detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q1FY20 Q1FY19 FY19 Non-current assets Fixed assets (including CWIP) 1,23,322 1,09,156 1,18,765 Financial assets 2,66,388 2,48,581 2,60,399 Deferred tax assets (net) 13,133 14,883 13,478 Other non-current asse
Slide 6: Liabilities detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q1FY20 Q1FY19 FY19 Non-current liabilities Financial liabilities i) Borrowings 58,081 67,898 58,851 ii) Trade Payables 1,131 1,895 2,390 iii) Others 10,857 8,944 11,685 Provisions 193 148 197 Deferred tax lia
Slide 7: Profit and loss statement
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Revenue from Projects 46,321 43,658 76,891 2,06,911 Revenue from Hospitality 3,186 3,697 3,038 13,514 Revenue from Rent 9,271 8,798 7,256 32,337 Property Management Rev
Slide 8: Key financial ratios and margins
Financial Update Investment Properties Development Properties Particulars Q1FY20 Q1FY19 FY19 Adjusted EBITDA* Margin (Including Non Operating 41.27% 53.88% 51.25% Income) Adjusted EBITDA* Margin (Excluding Non Operating 39.82% 53.51% 49.76% Income) PAT Margin 24.60% 34.56% 30.70% RONW# 7.57% 18.27%
Slide 9: Segment-wise revenue and EBITDA
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q1FY20 41.27% 32.40% 95.83% 33.12% 0.41% Total Revenues 61,810 47,775 9,334 3,259 1,442 Adjusted EBITDA* 25,508 15,478 8,945 1,079 6 Q1FY19 53
Slide 10: Share price performance vs Sensex and BSE Realty Index
Index 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 120.00 130.00 140.00 150.00 160.00 170.00 180.00 190.00 200.00 210.00 220.00 20-Oct-10 20-Dec-10 19-Feb-11 21-Apr-11 21-Jun-11 21-Aug-11 21-Oct-11 21-Dec-11 20-Feb-12 Financial Update 21-Apr-12 21-Jun-12 21-Aug-12 21-Oct-12 21-Dec-1
Slide 11: Shareholding pattern
Financial Update Investment Properties Development Properties Category 30-Jun-19 31-Mar-19 31-Dec-18 30-Sep-18 30-Jun-18 Promoter and Promoter Group 67.70% 67.70% 67.70% 67.70% 67.70% Foreign Institutional Investors (FIIs) 26.07% 25.38% 25.40% 25.54% 26.44% Domestic Institutional Investors (Institut
Slide 12: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 782,674 sqft. 269 rooms GLA: 552,893 sqft. 11
Slide 13: Investment property performance (1)
Financial Update Investment Properties Development Properties Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Operating Revenue (Rs. Lakh) 3,962 3,896 3,544 15,080 EBITDA (Rs. Lakh) 3,785 3,737 3,331 14,350 EBITDA Margin (%) 95.53% 95.93% 94.00% 95.16% Occupancy (%) 96.57% 96.71% 97.31% 96.93% Area Leased (Sq
Slide 14: Investment property performance (2)
Financial Update Investment Properties Development Properties Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Operating Revenue (Rs. Lakh) 1,038 1,040 1,071 4,163 EBITDA (Rs. Lakh) 985 1,010 1,053 4,039 EBITDA Margin (%) 94.93% 97.10% 98.28% 97.01% Occupancy (%)* 77.35% 77.35% 78.50% 77.83% Area Leased (Sqft.
Slide 15: Investment property performance (3)
Financial Update Investment Properties Development Properties Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Operating Revenue (Rs. Lakh) 2,985 2,568 1,662 8,344 EBITDA (Rs. Lakh) 2,790 2,380 1,453 7,536 EBITDA Margin (%) 93.46% 92.70% 87.46% 90.32% Occupancy (%) 95.72% 74.37% 63.44% 66.23% Area Leased (Sqft
Slide 16: Hospitality performance: Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Operating Revenue (Rs. Lakh) 3,207 3,718 3,088 13,705 EBITDA (Rs. Lakh) 1,027 1,458 1,066 4,959 EBITDA Margin (%) 32.03% 39.22% 34.51% 36.18% Number of Rooms 269 269 269 269 Average Room Rate (Rs.) 8,
Slide 17: Development Properties
Financial Update Investment Properties Development Properties 16
Slide 18: Residential projects summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Project Residential Projects Est. Area Recognised Till Date on Date Value till Date Completion till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) Seven 39,550 33,900 5,650 5,000 5,000 100%
Slide 19: Residential bookings in Q1FY20
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in Q1FY20 in Q1FY20 for Q1FY20 Q1FY20 in Q1FY20 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Esquire 63,204 27 12,408 12,122 11,901 Prisma
Slide 20: Esquire project details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Estimated Total Units (nos.) 882 882 882 882 882 Area Booked (sqft) 63,204 46,700 1,29,633 2,58,520 16,
Slide 21: Prisma project details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 Area Booked (sqft) 8,004 - 14,588 22,985 2,40,000 Units Booked (
Slide 22: Eternia
Financial Update Investment Properties Development Properties Artist Impression 21
Slide 23: Eternia project status
Financial Update Investment Properties Development Properties Project status as on Jun 30, 2019 Project status as on Mar 31, 2019 22
Slide 24: Eternia project details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Date Estimated Area of Project (sqft.) 21,48,000 21,48,000 21,48,000 21,48,000 21,48,000 Estimated Total Units (nos.) 1,277 1,277 1,277 1,277 1,277 Area opened for booking (sqft.) 11,82,7
Slide 25: Enigma
Financial Update Investment Properties Development Properties 24
Slide 26: Enigma project status
Financial Update Investment Properties Development Properties Project status as on Jun 30, 2019 Project status as on Mar 31, 2019 25
Slide 27: Enigma project details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Date Estimated Area of Project (sqft.) 19,89,000 19,89,000 19,89,000 19,89,000 19,89,000 Estimated Total Units (nos.) 662 662 662 662 662 Area opened for booking (sqft.) 12,93,560 12,93,5
Slide 28: Sky City
Financial Update Investment Properties Development Properties Artist Impression 27
Slide 29: Sky City project status
Financial Update Investment Properties Development Properties Project status as on Jun 30, 2019 Project status as on Mar 31, 2019 Artist Impression 28
Slide 30: Sky City project details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Date Estimated Area of Project (sqft.) 45,93,000 45,93,000 45,93,000 45,93,000 45,93,000 Estimated Total Units (nos.) 2,966 2,966 2,966 2,966 2,966 Area opened for booking (sqft.) 25,62,1
Slide 31: Project status as on Jun 30, 2019
Financial Update Investment Properties Development Properties Project Status as on Jun 30, 2019 Amount spent in Q1FY20 : Rs. 147.35 crore 30
Slide 32: Three Sixty West project details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY20 Q4FY19 Q1FY19 FY19 Date Estimated Area of Project (sqft.) 22,82,346 22,82,346 22,82,346 22,82,346 22,82,346 * Area Booked (sqft) 1,821 24,420 35,324 1,09,275 5,53,365 * Units Booked (nos.) - 3 4 12 59 Area
Slide 33: Awards
Esquire has been recognised as “Residential high-rise development in India” - Asia Pacific Property awards Three Sixty West has been recognised as “Mixed-use development in India” - Asia Pacific Property awards Oberoi Realty recognised for “'Best Investor Relations Team' (Mid Cap)” - IR Magazi
Slide 34: Investor Relations contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Mayank Kapoor EA to MD and Investor Relations mayank.kapoor@oberoirealty.com For any further information please write to ir@oberoirealty.com or contact on (+91 22) 6677 3333 33
Slide 35: Notes
Notes 1. 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. 2. Total are
Slide 36: 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