Embassy Developments Limited · NSE:EMBDL

Embassy Developments — Indiabulls Real Estate — H1 FY22 Earnings Presentation

38 slides from Embassy Developments's earnings presentation, Oct 14, 2021

  1. Slide 1: Indiabulls Real Estate Limited Investor Presentation

    Indiabulls Real Estate Limited Investor Presentation 14th October, 2021

  2. Slide 2: Financial Performance

    Financial Performance Key Financial Highlights: H1 FY22 IBREL Consolidated H1 FY22 H1 FY21 Total Revenues (₹ Cr) 913.3 145.7 Expenses (₹ Cr) 868.5 314.5 PBT (₹ Cr) 44.8 -168.8 Sales & Collections: H1 FY22 Particulars H1 FY22 H1 FY21 New Sales (₹ Cr) 874 368 Gross Collection (₹ Cr) 654 284 2

  3. Slide 3: Business Update

    Business Update • Subsequent to receipt of applicable regulatory approvals from Competition Commission of India (CCI), National Stock Exchange of India (NSE), BSE Limited (BSE), the Securities and Exchange Board of India (SEBI), the Company has filed the requisite joint application with jurisdiction

  4. Slide 4: Completed Inventory & Total Net Surplus from Ongoing Projects

    Completed Inventory & Total Net Surplus from Ongoing Projects • Total Net Surplus from completed inventory and projects that are currently ongoing is ₹13,909 Cr. • Area of completed inventory in hand is 4.76 Mn sq. ft. and area under development of ongoing projects is 26.83 Mn sq. ft. • Company has

  5. Slide 5: Infrastructure Impetus for Various Projects

    Infrastructure Impetus for Various Projects • Blu Estate & Club, Worli is Abutting the Acharya Atre Station (Colaba-Seepz Metro corridor) • Gurgaon Projects are located on NH8 and Dwarka Expressway (awarded National Highway Status) • One Indiabulls Thane is close to proposed Metro Station (Wadala-Ka

  6. Slide 6: Portfolio Summary as on date

    Portfolio Summary as on date Indiabulls Real Estate Limited Completed Development Office Rental Portfolio Area Net Area Area Net Net Surplus Projects (Mn. sq. Surplus Development (Mn. Rental (Mn. sq. Surplus (₹ Cr) ft.) (₹ Cr) sq. ft.) ft.) (₹ Cr) Blu Estate & Club 0.09 268 Under Construction 15.51

  7. Slide 7: Project Approvals

    Project Approvals Projects Fire NOC Building Plan Environment Airport Clearance NOC Owned Office Portfolio Commercial, Gurugram Sec 106 ---------- Land Development License in Place --------- Development Portfolio Blu Estate & Club, Mumbai     Indiabulls Greens, Panvel     Indiabulls Golf Cit

  8. Slide 8: Merger - Executive Summary

    Merger - Executive Summary • Assets of Embassy Group to merge into Indiabulls Real Estate (“IBREL”), to create one of India’s largest listed real estate companies • The merged entity will have a balanced mix of commercial and residential assets which should provide a natural hedge against cyclicalit

  9. Slide 9: Merger Status

    Merger Status • Proposed scheme for amalgamation of NAM Estates & Embassy One Commercial Property Developments into the Company is underway : Definitive agreement with Embassy  Approval from SEBI/Stock Exchanges  Approval from the Competition Commission of India  Restructuring of entities within

  10. Slide 10: Merger - Snapshot

    Merger - Snapshot Embassy IBREL[1] Combined Entity - IBREL  Residential and commercial assets  Leading residential real estate  One of the largest real estate developers in in India’s leading commercial platform with total launched India with an optimum mix across asset classes Overview[2] market

  11. Slide 11: Merger - Key Metrics

    Merger - Key Metrics [1] IBREL Embassy Combined Entity – IBREL Million SFT Saleable + Leasable Area 24.6 56.2 80.8 Residential Stock + Planned Area 23.3 14.3 37.6 Commercial Planned Area 1.3 41.9 43.2 In ₹ Cr Residential Net Surplus Launched + Planned Projects 12,079 6,513 18,592 Residential Net Sur

  12. Slide 12: Merger - Transformational Change in Ownership

    Merger - Transformational Change in Ownership  Indiabulls Real Estate (IBREL), Embassy select assets combine to create one of India’s largest listed real estate enterprise  Post merger, Mr. Jitendra Virwani, Chairman of Embassy Group, and certain other promoter entities of NAM Estates (Embassy Gro

  13. Slide 13: Merger - Combined Entity to Attain Size and Scale

    Merger - Combined Entity to Attain Size and Scale Market leadership potential through merger 10,667 10,442 #1 in Surplus - 7,599 7,504 Launched 4,351 3,230 3,030 projects in ₹ Cr. Combined Entity DLF Prestige Sobha Purvankara Sunteck Brigade 3,353 2,411 #1 by Land Bank 1,763 (acres)[1] 1,000 757 350

  14. Slide 14: Merger - Significant Growth Potential

    Merger - Significant Growth Potential [1] IBREL Embassy Combined Entity – IBREL Saleable Area & Leasable Area (Mn Sq. ft.) 24.6 56.2 80.8 Residential Commercial Residential Commercial OC / Near Completion 3.5 - 2.5 - 6.0 Other Launched 4.1 - 1.0 - 5.1 Planned 15.7 1.3 10.8 41.9 69.7 Net Residential

  15. Slide 15: Merger - Combined entity to have Complementary Geographic Footprint

    Merger - Combined entity to have Complementary Geographic Footprint Saleable/Leasable Area (Mn Sq. Ft) Pre-merger Post merger* IBREL1 Embassy NCR 11.4 NCR 11.4 Jodhpur 0.3 Jodhpur 0.3 Vadodara 0.2 2.1 Indore Vadodara 0.2 2.1 Indore MMR 10.5 MMR 10.5 0.1 Vizag 0.1 Vizag Bengaluru 54.6 1.6 Chennai IBR

  16. Slide 16: Merger - Diversification into Commercial Development

    Merger - Diversification into Commercial Development Asset Mix Heavily Skewed Towards Residential Balanced and Diversified Development Portfolio (Mn Sq. Ft) post merger (Mn Sq. Ft) 5% 53% 47% 95% Residential Commercial Residential Commercial Balanced mix a natural hedge against cyclicality; To benef

  17. Slide 17: Combined Entity: Visibility on Near-Term Liquidity and Cash Flows

    Combined Entity: Visibility on Near-Term Liquidity and Cash Flows Over ₹ 5,600 Cr of near completed inventory Near completed projects with ~2x cover Surplus of sold (INR Cr) (INR Cr) receivables over pending costs Pending Costs 874 5,658 52% Sold Receivables 1,504 Launched Inventory Potential to unl

  18. Slide 18: Appendix 1 – Completed Projects

    Appendix 1 – Completed Projects 18

  19. Slide 19: Blu Estate & Club, Worli

    Blu Estate & Club, Worli Location Worli, Mumbai Area (Mn. Sq. Ft) 2.83 Total Sales Value (₹ Cr) 11,354 Pending Collection from Area Sold (₹ Cr) 14 Net Surplus (₹ Cr) 5,014 Actual image Actual image 19

  20. Slide 20: Indiabulls Greens, Panvel

    Indiabulls Greens, Panvel Location Panvel, Navi Mumbai Area (Mn. Sq. Ft) 8.97 Total Sales Value (₹ Cr) 4,200 Pending Collection from Area Sold (₹ Cr) 1,219 Net Surplus (₹ Cr) 689 Actual image Actual image 20

  21. Slide 21: Indiabulls Golf City, Savroli

    Indiabulls Golf City, Savroli Location Savroli, Navi Mumbai Area (Mn. Sq. Ft) 5.40 Total Sales Value (₹ Cr) 2,287 Pending Collection from Area Sold (₹ Cr) 88 Net Surplus (₹ Cr) 1,012 Actual image Actual image Actual image 21

  22. Slide 22: Enigma, Gurugram

    Enigma, Gurugram Location Gurugram (Sector 110) Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 1,005 Pending Collection from Area Sold (₹ Cr) 96 Net Surplus (₹ Cr) 116 Actual image Actual image Actual image 22

  23. Slide 23: Centrum Park, Gurugram

    Centrum Park, Gurugram Location Gurugram (Sector 103) Area (Mn. Sq. Ft) 2.08 Total Sales Value (₹ Cr) 763 Pending Collection from Area Sold (₹ Cr) 19 Net Surplus (₹ Cr) 31 Actual image Actual image Actual image 23

  24. Slide 24: Mega Mall, Jodhpur

    Mega Mall, Jodhpur Location Jodhpur Area (Mn. Sq. Ft) 0.63 Total Sales Value (₹ Cr) 294 Pending Collection from Area Sold (₹ Cr) 84 Net Surplus (₹ Cr) 199 Actual image Actual Image Actual Image 24

  25. Slide 25: One Indiabulls Park, Vadodara

    One Indiabulls Park, Vadodara Location Vadodara Area (mn. Sq. Ft) 0.23 Total Sales Value (₹ Cr) 86 Pending Collection from Area Sold (₹ Cr) 5 Net Surplus (₹ Cr) 66 Actual image Actual image Actual image 25

  26. Slide 26: Appendix 2 – Balance Development Projects

    Appendix 2 – Balance Development Projects 26

  27. Slide 27: One Indiabulls Thane

    One Indiabulls Thane Location Thane Area (Mn. Sq. Ft) 2.58 Total Sales Value (₹ Cr) 3,091 Pending Collection from Area Sold (₹ Cr) 340 Net Surplus (₹ Cr) 1,778 Project location Actual image CGI 27

  28. Slide 28: One Indiabulls, Gurugram

    One Indiabulls, Gurugram Location Gurugram (Sector 104) Area (Mn. Sq. Ft) 3.59 Total Sales Value (₹ Cr) 1,971 Pending Collection from Area Sold (₹ Cr) 105 Net Surplus (₹ Cr) 782 Project location CGI CGI 28

  29. Slide 29: Indiabulls One 09, Gurugram

    Indiabulls One 09, Gurugram Location Gurugram (Sector 109) Area (Mn. Sq. Ft) 1.09 Total Sales Value (₹ Cr) 630 Pending Collection from Area Sold (₹ Cr) 190 Net Surplus (₹ Cr) 145 Project location Actual image CGI 29

  30. Slide 30: Indiabulls City, Sonepat

    Indiabulls City, Sonepat Location Sonepat Area (Mn. Sq. Ft) 1.75 Total Sales Value (₹ Cr) 214 Pending Collection from Area Sold (₹ Cr) 13 Net Surplus (₹ Cr) 46 Actual image Project location 30

  31. Slide 31: Indiabulls Seirra, Vizag

    Indiabulls Seirra, Vizag Location Vishakhapatnam Area (Mn. Sq. Ft) 0.84 Total Sales Value (₹ Cr) 274 Pending Collection from Area Sold (₹ Cr) 59 Net Surplus (₹ Cr) 35 Actual image CGI Actual image 31

  32. Slide 32: Development Portfolio – Net Surplus

    Development Portfolio – Net Surplus Net Surplus Project Location (₹ Cr) Under Construction Projects Blu Estate & Club, Worli Mumbai 1,991 Indiabulls Greens, Panvel Mumbai 581 Indiabulls Golf City, Savroli Mumbai 587 One Indiabulls Thane Mumbai 762 One Indiabulls, Gurugram NCR 783 Indiabulls One 09 N

  33. Slide 33: Development Portfolio – Net Surplus (Contd.)

    Development Portfolio – Net Surplus (Contd.) Net Surplus Project Location (₹ Cr) Planned Projects Indiabulls Imperial, Gurugram (Sec 106) NCR 1,930 Arivali, Panvel Mumbai 292 Silverlake Villas, Alibaug Mumbai 69 Centrum, Indore NCR 332 Blu Estate & Club (Additional) Mumbai 2,755 One Indiabulls Thane

  34. Slide 34: Appendix 3 – Owned Office Portfolio

    Appendix 3 – Owned Office Portfolio 34

  35. Slide 35: Owned Office Portfolio – Under Construction

    Owned Office Portfolio – Under Construction Sector 106, Gurugram Location Gurugram (Sector 106) Area (Mn. Sq. Ft) 1.31 Net Surplus (₹ Cr) 1,372 Expected in 2024 Project location CGI 35

  36. Slide 36: Appendix 4 – Corporate Social Responsibility

    Appendix 4 – Corporate Social Responsibility 36

  37. Slide 37: Indiabulls Foundation: Corporate Social Responsibility

    Indiabulls Foundation: Corporate Social Responsibility Health JanSwasthya Kalyan (JSK) Vahika- Mobile Medical Vans - Free primary health care services provided at doorstep to the underprivileged population of urban slums with 31 JSK- mobile medical vans - 97,219 patients diagnosed and treated in thi

  38. Slide 38: Thank you

    Thank you This document contains certain forward‐looking statements based on current expectations of Indiabulls Real Estate Ltd.'s (CIN: L45101DL2006PLC148314) management. Actual results may vary significantly from the forward‐looking statements in this document due to various risks and uncertaintie

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