DLF Limited · NSE:DLF
DLF — Q1 FY13 Earnings Presentation
17 slides from DLF's earnings presentation, Aug 6, 2012
Slide 1: Q1 FY13 Analyst Presentation
Q1 FY13 Analyst Presentation August 06, 2012 1
Slide 2: Safe Harbour
SAFE HARBOUR This presentation contains certain forward looking statements concerning DLF’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The
Slide 3: FY 2013 Economic Outlook
FY 2013…Economic Outlook ECONOMY Continued weak macro environment Global uncertainties to continue Weak investor sentiment thereby affecting investment climate Real GDP to grow between 6.5%-7%; Inflation to be sticky; high interest rates & tight liquidity regime Political climate to dr
Slide 4: FY 2013 Sectoral Outlook – Real Estate
FY 2013…Sectoral Outlook – Real Estate REAL ESTATE Real Estate sector will continue to be adversely impacted: High interest rates shall continue to impact demand Banking sectors continues its hawkish stance on sector Unabated inflationary pressures - shall impact margins Stretched approv
Slide 5: Performance of Company – Q1 FY13
Performance of Company – Q1 FY13 DevCo: 1.34 msf gross sales booked vs 6.75 msf in Q4 12 & 2.3 msf in Q1 12 Gurgaon – 0.50 msf Super Metro – 0.25 msf Rest of India – 0.59 msf Rentco : 0.29 msf of leasing vs 0.25 msf in Q4 FY12 & 0.73 msf in Q1 FY 12 Rs. 400 Crs rental income from off
Slide 6: Profit & Loss Summary – Q1 FY13
Profit & Loss Summary – Q1 FY13 Q1 FY 13 vs Q4 FY 12 Sales (incl Other Income) at Rs 2,329 Cr, compared to Rs 2,747 Cr. Net profit at Rs 293 Cr, as against Rs 212 Cr EBIDTA margins at 51% versus 34% Tax Rate for the Qtr is 29% Profitability Q1 13 Q4 12 % Change Q1 12 % Change All figures in
Slide 7: Consolidated P&L
Consolidated P&L – Q1 FY13 Q1 FY13 (Reviewed) Q1 FY12 (Reviewed) Q4 FY12 (Audited) Percentage of Percentage of Percentage of Sl.No. Consolidated Financials Rs. Crs. Rs. Crs. Rs. Crs. Total Revenue Total Revenue Total Revenue A) 1 Sales and Other Receipts 2,198 2,446 2,617 2 Other Income 131 57 131 T
Slide 8: Consolidated Balance Sheet
Consolidated Balance Sheet – Q1 FY13 DLF LIMITED Unaudited Consolidated Balance Sheet as at June 30, 2012 ` in Crs. June 30, 2012 March 31, 2012 EQUITY AND LIABILITIES Shareholders’ funds Share capital 2,139 2,139 Reserves and surplus 25,432 25,097 Money received against share warrants - - 27,571 27
Slide 9: Consolidated Balance Sheet Contd…..
Consolidated Balance Sheet – Q1 FY13 Contd….. DLF LIMITED Unaudited Consolidated Balance Sheet as at June 30, 2012 ` in Crs. June 30, 2012 March 31, 2012 ASSETS Non-current assets Fixed assets Tangible assets 18,354 18,619 Intangible assets 219 95 Capital work-in-progress 8,943 8,874 Intangible asse
Slide 10: Consolidated Cashflow
Consolidated Cashflow – Q1 FY13 Consolidated Cash Flow Statement for the period ended June 30, 2012 (` in Crs) Particulars June 30, 2012 March 31, 2012 A. CASH FLOW FROM OPERATING ACTIVITIES Ne t profit be fore taxation and minority inte re s t 396.99 1,547.50 Adjustme nts for: Depreciation, amortis
Slide 11: Consolidated Cashflow Contd…..
Consolidated Cashflow – Q1 FY13 Contd….. Consolidated Cash Flow Statement for the period ended June 30, 2012 (` in Crs) Particulars June 30, 2012 March 31, 2012 B . CASH FLOWS FROM INVESTING ACTIVITIES Purchase of fixed assets (including Capital work in progress) (480.12) (575.83) Proceeds from sale
Slide 12: Net Debt Position
Debt Position – Q1 FY13 Net Net Debt Position Q4 12 Q1 13 Reduction Rs Crs Rs Crs Rs Crs Gross Debt as per Balance Sheet 25066 25060 Less : Equity shown as Debt / JV Co Debt 1030 1003 Gross Debt ( Net of Equity shown as Debt / JV Co Debt ) 24036 24057 Pref. Shares 202 202 Gross Debt Position ( Net o
Slide 13: Execution
Execution Area in msf Project Under Construction (msf) Region Q1 13 Q4 12 Q1 12 55 Gurgaon 13 13 21.5 Super Metro 7 7 7 Rest of India 21 21 10.5 50 50 52 For Rent Co 7 9 13 48 50 52 48 Deliveries of approx . 2.05 msf in Offices during the Qtr 45 Q1 13 Q4 12 Q1 12 Higher deliveries will lower fut
Slide 14: DevCo Q1 FY13
DevCo Q1 FY13 Total msf Particulars Under Construction (Msf) Q1-13 Q4- 12 Q1– 12 40 35 Sales Status 30 25 Opening Balance 49.70 43.50 46.40 20 Add:- Sale Booked During the Qty 1.34 6.75 2.30 15 10 Less : Handed over / Suspended - (0.54) - 5 0 Closing Balance 51.00 49.70 48.70 Q1' 13 Q4' 12 Under Con
Slide 15: RentCo Q1 FY13
RentCo Q1 FY13 Total msf Particulars Under Construction (Msf) Q1-13 Q4- 12 Q1 - 12 10 Lease Status Opening Balance 22.66 22.54 23.77 8 Add:- Lease Booked During the Qty 0.96 0.64 0.97 6 9 Less :- Cancellation (0.67) (0.39) (0.24) 4 7 Less :- Sold / Adjustment - (0.13) - 2 Closing Balance 22.96 22.66
Slide 16: Our Development Potential
Our Development Potential Area ( msf ) Other Land Hotel Land G.Total Gross Area – as on 1st April-12 340 8 348 Less : Projects Disposed off ( Net ) 0 (1) (1) Less : Handed over (2) 0 (2) Net Land Bank - as on 30st June-12 338 7 345 - Dev. Co 272 7 345 - Rent. Co 66 Notes 1. High potential & short /
Slide 17: Thank You
Thank You 17