Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q3 FY23 Earnings Presentation
25 slides from Kolte-patil Developers's earnings presentation, Feb 6, 2023
Slide 1: Cover letter to stock exchanges: Q3 & 9M FY23 results presentation
KOLTEPATIL) Creation, not construction. To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationship Department, ‘Exchange Plaza’, 1st Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal
Slide 2: Kolte-Patil Developers Limited Q3 & 9M FY23 Results Presentation
Kolte-Patil Developers Limited Q3 & 9M FY23 Results Presentation
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Table of Contents
Table of Contents 1 KPDL – Power Of Discipline 2 CEO’s Message 3 Operational Highlights Abridged Cash 4 Priority Launches 5 Performance Highlights 6 Flows & Consolidated Debt Profile 7 P&L Snapshot 8 Project Portfolio 9 Outlook 10 About Kolte-Patil Developers Ltd. 3
Slide 5: Power Of Discipline – Deliver More With Less
Power Of Discipline – Deliver More With Less Asset-light Sustained Successive ROCE ~13% Among the Consistently growth market years of debt (4-year average) healthiest positive leadership reduction sectorial operating sales throughputs cash flows Sound Diversifying Stronger sales Collections Sales an
Slide 6: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance Leading 3 Decades ~34 MSF Residential real estate player of presence being Project portfolio - under in Pune incorporated in 1991 execution, approval, land (Awarded as Most Reputed Brand in Pune) bank and DMA > 25 MSF ~13% Diversifying Presence of area delivered a
Slide 7: CEO's Message
CEO’s Message Commenting on the performance for Q3 FY23 Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said “At KPDL, we have been surpassing our past performance progressively to hit new milestones. For Q3FY23, we reported highest ever quarterly pre-sales of Rs. 716 crore, marking a gr
Slide 8: Operational Highlights – Q3 FY23
Operational Highlights – Q3 FY23 New area sales Q3FY23 Q2FY23 Q3FY22 QoQ YoY 9MFY23 9MFY22 YoY Volume (million sq. ft.) 1.13 0.56 0.86 102% 31% 2.30 1.93 19% Value (Rs. Crore) 716 367 561 95% 28% 1,528 1,238 23% Realization (Rs./sq. ft.) 6,339 6,622 6,489 -4% -2% 6,643 6,403 4% Collections (Rs. Cror
Slide 9: Region-wise Sales – Q3 FY23
Region-wise Sales – Q3 FY23 Total Projects Mumbai Pune Bengaluru Total Area Sold 0.05 msf 1.06 msf 0.01 msf 1.13 msf (5%) (94%) (1%) Total Sales Value Rs. 100 crore RS. 608 Crore RS. 8 Crore Rs. 716 crore (14%) (85%) (1%) Total Collection Rs. 100 Crore RS. 305 Crore Rs. 30 CRORE Rs. 435 crore (23%)
Slide 10: Sales & Collections – Ongoing Projects – Q3 FY23
Sales & Collections – Ongoing Projects – Q3 FY23 Area Sold Sales Value APR Collections Projects Location (msf.) (Rs. Crore.) (Rs./sft.) (Rs. Crore.) Giga Platinum Viman nagar 0.02 17 8,825 6 Stargaze Bavdhan 0.03 18 6,619 22 Three Jewels Kondhwa 0.06 28 4,565 40 Ivy Estate Wagholi 0.01 8 5,204 36 Ce
Slide 11: Region-wise Sales – 9M FY23
Region-wise Sales – 9M FY23 Total Projects Mumbai Pune Bengaluru Total Area Sold 0.16 msf 2.07 msf 0.07 msf 2.30 msf (7%) (90%) (3%) Total Sales Value Rs. 284 crore RS. 1,201 Crore RS. 42 Crore Rs. 1,528 crore (19%) (79%) (2%) Total Collection Rs. 300 Crore RS. 920 Crore Rs. 94 CRORE Rs. 1,313 crore
Slide 12: Sales & Collections – Ongoing Projects – 9M FY23
Sales & Collections – Ongoing Projects – 9M FY23 Sales Value APR Collections Projects Location Area Sold (msf.) (Rs. crore.) (Rs./sft.) (Rs. crore.) Giga Platinum Viman nagar 0.12 102 8,825 27 Stargaze Bavdhan 0.11 74 6,526 80 Three Jewels Kondhwa 0.21 94 4,540 123 Ivy Estate Wagholi 0.10 53 5,545 1
Slide 13: New Sales Analysis – Q3 FY23
New Sales Analysis – Q3 FY23 0.35 0.56 0.85 0.400.67 0.67 0.86 0.86 0.780.78 0.61 0.56 msf. Volume (MN.SF.) 0.56 0.85 0.40 0.61 0.56 1.13 58% 41% 41% 40% 34% 34% 29% 31% 31% 31% 25% 23% 23% 23% 22% 22% 22% 21% 21% 21% 19% 19% 19% 18% 17% 17% 17% 16% 16% 14% 14% 12% 12% 12% 11% 10% 10% 10% 9% 9% 8% 6
Slide 14: Priority Launches
Priority Launches Total Saleable Total Potential Phase I Saleable Phase I Potential Regions Projects Location Use Area (msf.) (In Crore) Area (msf) (In Crore) PHASE 1 – Baner Baner Mixed Use 1.60 ~1,450 Cr 0.90 ~800 Cr Little Earth Kiwale Residential 2.50 ~1,400 Cr 0.80 ~450 Cr LAUNCHED TILL DATE Pu
Slide 15: Mumbai Presence - Expanding Footprint
Mumbai Presence - Expanding Footprint Virar Shree Avadhoot (Dahisar East) Opp. Subway, St. Mary School Vaayu (Dahisar West) Thane Near Mary Immaculate Girls School Borivali Evara (Borivali West) Near. McDonald's, S V Road Verve (Goregaon West) Walking distance from Inorbit mall, adjacent to Central
Slide 16: Performance Highlights – Five Years and 9M FY23
Performance Highlights – Five Years and 9M FY23 Sales Value (Rs. Crore) Sales Volume (msf) APR (Rs./sft.) 45% 30% 11% 1,198 1,432 1,331 1,201 1,739 1,528 2.09 2.70 2.51 2.08 2.71 2.3 5,765 5,302 5,309 5,785 6,407 6,643 FY18 FY19 FY20 FY21 FY22 9M FY23 FY18 FY19 FY20 FY21 FY22 9M FY23 FY18 FY19 FY20
Slide 17: Performance Highlights – Q3 FY23
Performance Highlights – Q3 FY23 Sales Value (Rs. Crore) Sales Volume (msf) APR (Rs./sft.) Collections (Rs. Crore) 716 1.13 561 500 0.86 7,260 474 0.78 6,489 6,418 6,622 6,339 421 435 501 404 445 0.61 367 0.56 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q3 FY22Q4 FY22Q1 FY23Q2 FY23Q3 FY23 Q3 FY22 Q4 FY2
Slide 18: Abridged Cash Flows
Abridged Cash Flows 9M FY23 Q3 FY23 Abridged Cash flows - (Rs. crore) Un-Audited Un-Audited Opening Balance* - A 350 329 Operating Activities Collections 1260 439 Construction Cost -652 -223 Other Expenses -203 -64 Direct & Indirect Taxes -91 -32 Operating Cashflow – B 314 120 Financing Activities I
Slide 19: Consolidated Debt Profile
Consolidated Debt Profile Consolidated Debt Profile (Rs. crore) 31th Dec, 2022 30th Sep, 2022 31th Mar, 2022 CCM CCM CCM Net Worth 930 957 959 Gross Debt 469 573 522 Less: OCD/CCD/OCPRS/Zero Coupon NCDs 80 87 100 Debt 389 486 421 Less: Cash & Cash Equivalents & Current Investments** 195 234 290 Net
Slide 20: Consolidated Profit and Loss Snapshot
Consolidated Profit and Loss Snapshot P&L Snapshot (Rs. crore) 9M FY23 9M FY22 Q3 FY23 Q3 FY22 Revenue from Operations 691.5 741.4 368.1 240.3 EBITDA 15.8 145.7 -25.5 30.5 EBITDA Margin (%) 2.3% 19.7% -6.9% 12.7% Profit before tax -2.3 111.0 -36.8 20.7 PBT Margin -0.3% 15.0% -10.0% 8.6% Net profit/l
Slide 21: KPDL Project Portfolio – 31.12.22
KPDL Project Portfolio – 31.12.22 Gross Details (including partner’s share) Gross Details (including partner’s share) Projects KPDL Ongoing & Under KPDL Ongoing & Under Land Bank Total Projects (Mumbai) Land Bank Total (Pune Excl. LR*) Share Unsold Approval Share Unsold Approval Giga 100% 0.06 0.69
Slide 22: Business Outlook
Business Outlook Sector consolidation Diversifying geographical presence Efficient capital deployment • Formalization of the Indian real estate sector, • 10 society redevelopment projects in Mumbai - 2 • Continue to evaluate strategic and financial driven by conducive legislations now in place and c
Slide 23: Small to mid sized journey completed. Mid to large sized journey begins
Small to mid sized journey completed. Mid to large sized journey begins This is where we are This is where we wish to go Leading real estate brand in Pune Amongst India’s top five real estate players ~21% sales value from Mumbai and Bengaluru in R Double our sales while improving profitability 9M FY
Slide 24: KPDL Awards
Small to mid sized journey completed. Mid to large sized journey begins KPDL Awards Trusted Brand of the Year, Times Top Developer of the year, Times Real India’s Top Challengers, Construction India’s Most Trusted Real Estate Brand, Realty, 2021-22 Estate Icons , 2020-21 World Global Aw, 2020-21 TRA
Slide 25: About Kolte-Patil Developers Ltd.
About Kolte-Patil Developers Ltd. Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and growing presence in Mumbai and Bengaluru. Kolte-Patil is a trusted name with a reputat
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