Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q1 FY25 Earnings Presentation
36 slides from Godrej Properties's earnings presentation, Jul 31, 2024
Slide 1: Exchange filing cover letter
Godrej Properties Limited Regd. Office: Godrej One 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai – 400 079. India Tel.: +91-22-6169-8500 Fax: +91-22-6169-8888 Website: www.godrejproperties.com CIN: L74120MH1985PLC035308 July 31, 2024 BSE Limited Phiroze Jeejeebhoy Towers, D
Slide 2: Results Presentation First Quarter FY2025
R E S U LT S P R E S E N T A T I O N FIRST QUARTER, FINANCIAL YEAR 2025 1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operation
Slide 4: Agenda
AGENDA Overview 01 Q1 FY25 Operational Highlights 02 Q1 FY25 Financial Highlights 03 Annexure 04 3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 5: Godrej Industries Group
GODREJ INDUSTRIES GROUP • Established in 1897 Value Creation Track Record • $6 billion in annual revenue 23 year CAGR in ` 1 invested in Particulars stock price June 2001 is now worth 1 • Over 1 billion people globally use a Godrej Industries Group product 2 • Godrej ranks amongst the most trusted I
Slide 6: Godrej Properties
GODREJ PROPERTIES • Established in 1990 • India’s largest listed developer by booking value in FY24 • Successfully delivered ~50 million sq. ft. of real estate since FY2018 Chandigarh 0.5, 1 NCR • ~226 million sq. ft. of saleable area across India 40.9, 26 • Received rating of 98/100 by the Global R
Slide 7: Strengths
STRENGTHS Over 1 billion people globally use a Godrej Industries Group product1 Godrej Brand Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report GPL brings the Godrej brands reputation for trust, quality and corporate governance to the real estate sec
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL’s IPO would be worth over 6X an identical investment into the BSE Realty Index Value Creation Track Record 14 year CAGR in ` 1 invested in Particulars stock price January 2010 is now worth BSE Sensex 10.9% 4.50 Godrej Properties 19.9% 13.95 BSE Realty Index 5
Slide 9: Agenda
AGENDA Overview 01 Q1 FY25 Operational Highlights 02 Q1 FY25 Financial Highlights 03 Annexure 04 8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 10: Q1 FY25 Operational Highlights
Q1 FY25 OPERATIONAL HIGHLIGHTS Ÿ Booking value grows by 283% to INR 8,637 crores in Q1FY25 from the sale of 8.99 million sq. ft. area. It is GPLs highest ever quarterly sales for Q1 & its second highest quarterly sales ever. Ÿ GPL continued to record highest quarterly booking value amongst listed d
Slide 11: Sales Highlights
SALES HIGHLIGHTS Particulars Q1 FY25 Q1 FY24 Growth Q4 FY24 Growth FY24 Area Sold ( million sq. ft.) 8.99 2.25 299% 8.17 10% 20.00 Booking Value (INR Cr) 8,637 2,254 283% 9,519 -9% 22,527 Customer Collections* (INR Cr) 3,012 1,954 54% 4,693 -36% 11,436 *Net of taxes and includes collections for DM P
Slide 12: Sales Highlights (Contd.) - City-wise Sales Breakdown
SALES HIGHLIGHTS (CONTD.) City-wise Sales Breakdown for Q1 FY25 NCR BENGALURU Registered booking value of INR 3,419 crore through sale of Registered booking value of INR 3,125 crore through sale of 987 units with total sales of 2.32 million sq. ft. 2,080 units with total sales of 3.32 million sq. ft
Slide 13: Project Booking
PROJECT BOOKING Particulars Booking Area (mn. sq. ft.) Booking Value (INR Cr) Q1 FY25 Q1 FY25 Godrej Woodscapes, Bengaluru 3.40 3,156 Godrej Jardinia, NCR 1.60 2,377 Godrej Zenith (Sector 89), NCR 0.55 809 Godrej Hillview Estate, MMR 1.50 591 Hinjawadi, Pune 0.30 251 Godrej Forest Estate, Nagpur 0.6
Slide 14: Quarterly Sales Trend
QUARTERLY SALES TREND Quarterly Sales Value 9,519 8,637 5,720 5,034 (INR cr) 4,051 3,252 2,409 2,254 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Quarterly Sales Volume 8.99 8.17 (Million sq. ft.) 5.25 5.23 4.42 4.34 2.71 2.25 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 13 | G
Slide 15: Business Development
BUSINESS DEVELOPMENT Added 2 new projects with an estimated saleable area of 3.1 million sq. ft. and expected booking value of INR 3,000 crore in Q1FY25 Hinjewadi, Pune • Spread across approximately 11 acres, the project will offer 2.2 million sq. ft. of premium residential development and high stre
Slide 16: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered ~2.7 million sq. ft. in Q1 FY25 Godrej Golf Links, NCR Godrej Green Vista (Mahalunge), Pune Godrej River Greens (Manjari), Pune 0.87 million sq. ft. 0.41 million sq. ft. 0.29 million sq. ft. GPL Economic Interest : GPL Economic Interest : GPL Economic Interest : DM-
Slide 17: Launch Pipeline FY25
LAUNCH PIPELINE FY25 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations FY25 YTD Expected FY25 YTD Expected Actual Launch Actual Achievement (%) City Launch Launch Value (INR Launch Area (MSF) Value (INR Crore) Area (MSF) Cror
Slide 18: FY25 Guidance
FY25 GUIDANCE FY25 FY25 YTD Achievement Updated Particulars FY24 Actual Guidance Actual (%) assessment Booking Value (INR Crore) 22,527 27,000 8,637 32% Cash Collections (INR Crore) 11,436 15,000 3,012 20% Deliveries (Million Sq. Ft.) 12.5 15.0 2.7 18% Business Development (by expected 21,225 20,000
Slide 19: Sustainability – ESG Performance and CSR Impact
SUSTAINABILITY – ESG PERFORMANCE AND CSR IMPACT • GPL has been included in the leadership index of emerging markets and has secured a place in the ESG Ratings & sustainability yearbook of the prestigious S&P’s Dow Jones Sustainability Index (DJSI) Disclosures • GPL was recognised as a Supplier Engag
Slide 20: Awards and Recognitions
AWARDS AND RECOGNITIONS Received 23 awards in Q1 FY25 ILLUSTRATIVE LIST OF AWARDS GODREJ PROPERTIES PROJECT AWARDS ŸBombay Chamber of Commerce Ÿ Godrej City, MMR | Godrej Horizon, MMR | Godrej Bay-View, MMR | Godrej Aveneue 11, MMR | Godrej South Estate, NCR | Godrej Meridian, Winner - LGBTQ Champio
Slide 21: Agenda
AGENDA Overview 01 Q1 FY25 Operational Highlights 02 Q1 FY25 Financial Highlights 03 Annexure 04 20 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 22: Consolidated Financial Statements – P&L
CONSOLIDATED FINANCIAL STATEMENTS – P & L (INR Cr) Particulars Q1 FY25 Q1 FY24 % Change Q4 FY24 % Change FY24 Total Income 1638 1,315 25% 1,952 -16% 4,362 Adjusted EBITDA** 852 317 169% 717 19% 1,379 EBITDA** 774 230 237% 649 19% 1,197 Profit before tax 716 193 271% 601 19% 1,000 Net Profit after ta
Slide 23: Consolidated Financial Statements - Cashflow
CONSOLIDATED FINANCIAL STATEMENTS - CASHFLOW Notes Particulars Q1 FY25 Operating cashflow Total operating cash inflow 1 3,445 Operating cash outflow A Construction & related outflow -1,120 Other project related outflow -1,337 Total operating cash outflow -2,457 Net operating cashflow 988 Financial c
Slide 24: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 30.06.2024 As on 31.03.2024 A Assets Unaudited Audited 1 Non Current assets a Property, Plant and Equipment 1,024.67 930.05 b Right-of-Use Asset 18.15 21.29 c Capital Work-In-Progress 154.47 248.96 d Investment Property 30.08 3
Slide 25: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 30.06.2024 As on 31.03.2024 B Equity and Liabilities Unaudited Audited 1 Equity a Equity share capital 139.03 139.02 b Other equity 10,374.20 9,853.49 c Non-controlling interest 270.33 308.93 Total Equity 10,783.56 10,301.44 2
Slide 26: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators (INR Cr) Particulars Q1 FY25 Q1 FY24 Q4 FY24 FY24 Adjusted EBITDA / Total Income** 52.0% 24.1% 36.7% 31.6% EBITDA / Total Income* 47.2% 17.5% 33.2% 27.4% PBT Margin % 43.7% 14.7% 30.8% 22.9% Net Profit Margin % # 31.8% 9.5% 24.1% 16.6% * EBITDA = PBT + Int
Slide 27: Agenda
AGENDA Overview 01 Q1 FY25 Operational Highlights 02 Q1 FY25 Financial Highlights 03 Annexure 04 26 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 28: A. Residential Projects
A. RESIDENTIAL PROJECTS 27 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 29: A. Residential Projects
A. RESIDENTIAL PROJECTS 28 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 30: A. Residential Projects
A. RESIDENTIAL PROJECTS 29 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 31: A. Residential Projects
A. RESIDENTIAL PROJECTS 30 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 32: B. Commercial Projects
B. COMMERCIAL PROJECTS 31 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 33: Thank You
THANK YOU For further information, please contact: Rajendra Khetawat Godrej Properties Limited Tel: +91 22 6169 8500 Fax: +91 22 6169 8888 Email: rajendra@godrejproperties.com 32 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY25
Slide 34: Press Release: Consolidated Financials for Q1 FY25 Results
GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai – 400079 PRESS RELEASE Consolidated Financials for Q1 FY25 Results Highest ever reported net profit of INR 520 crores in Q1FY25
Slide 35: Press Release: Sales and Business Development Highlights
Godrej Woodscapes, Bengaluru was GPL’s most successful ever launch achieving a booking value of INR 3,156 crores from 3.40 million sq. ft. of area sold. GPL has achieved over 500% QoQ growth in sales in Bengaluru and has surpassed its full year FY24 sales in South India within the first quarter.
Slide 36: Financial Overview (Consolidated)
Financial Overview (Consolidated) Q1 FY25 performance overview compared with Q1 FY24 Total Income grew by 25% to INR 1,638 crore as compared to INR 1,315 crore EBITDA grew by 237% to INR 774 crore as compared to INR 230 crore Net Profit grew by 316% to INR 520 crore as compared to INR 125 cror