Slide 1: Brigade Group Investor Presentation – Q2 FY 2014-15
Brigade Group Investor Presentation – Q2 FY 2014‐15
Slide 2: Q2 FY 15 - Key Highlights
Q2 FY 15 ‐ Key Highlights Standalone Q2 FY 2014‐15 Revenue of Rs. 3.29 Bn (82% Y‐o‐Y increase) and PAT of Rs. 0.22 Bn (13% Y‐ o‐Y increase) Standalone YTD (6 Months) FY 2014‐15 Revenue of Rs. 4.97 Bn (47% Y‐o‐Y increase) and PAT of Rs. 0.29 Bn (13% Y‐o‐Y increase) Consolidated Q2 FY 2014‐15 Revenue
Slide 3: Q2 FY 15 - Key Highlights
Q2 FY 15 ‐ Key Highlights Long Term Debt Rating of “A” received from CRISIL GIC, Singapore and Brigade Group have entered into an MOU to jointly invest upto Rs. 15 Bn in residential as well as mixed use development projects Brigade Group has been allotted Development Rights for 1.1 mn. sq. ft. of Bu
Slide 4: Standalone Financials - Snapshot
Standalone Financials ‐ Snapshot Turnover EBITDA 3,292 927 3,500 1,000 667 3,000 1,808 800 2,500 600 2,000 1,500 400 1,000 200 500 ‐ ‐ Q2 FY14 Q2 FY15 Q2 FY14 Q2 FY15 PAT Growth % 215 190 100% 82% 250 80% 200 60% 39% 150 100 40% 13% 50 20% ‐ 0% Q2 FY14 Q2 FY15 Turnover EBITDA PAT 4
Slide 5: Standalone Financials - Snapshot
Standalone Financials ‐ Snapshot Q2 FY15 Q2 FY15 YTD FY15 Q2 Q1 Q2 YTD YTD Particulars on Q1 on Q2 on YTD FY15 FY15 FY14 FY15 FY14 FY15 FY14 FY14 Amount in Rs. Mn Percentage Change Turnover 3,292 1,682 1,808 4,974 3,381 96% 82% 47% EBITDA 927 595 667 1,522 1,218 56% 39% 25% Interest 280 260 302 540
Slide 6: Consolidated Financials - Snapshot
Consolidated Financials ‐ Snapshot Q2 FY15 Q2 FY15 YTD FY15 Q2 Q1 Q2 YTD YTD Particulars on Q1 on Q2 on YTD FY15 FY15 FY14 FY15 FY14 FY15 FY14 FY14 Amount in Rs. Mn Percentage Change Turnover 3,694 1,960 1,943 5,654 3,626 88% 90% 56% EBITDA 982 554 592 1,536 1,089 77% 66% 41% Interest 341 199 148 54
Slide 7: Standalone Segment Profit Analysis
Standalone Segment Profit Analysis For 6 months ended Sept 2014 Contribution to Total Revenue Contribution to Gross Profit Hospitality Hospitality 11% 19% Lease Rentals 16% Real Estate 53% Lease Rentals Real Estate 28% 73% Contribution to EBITDA Contribution to PBT Hospitality 13% Real Estate Lease
Slide 8: Standalone Segment Profit Analysis
Standalone Segment Profit Analysis For 6 months ended Sept 2014 Amount in Rs. Mn Particulars Real Estate Hospitality Lease rentals Total Revenue 3,608 554 812 4,974 Expenses 2,254 59 87 2,400 Gross profit 1,354 495 725 2,574 Gross profit Margin % 38% 89% 89% 52% Admin Expenses 164 156 36 356 Employe
Slide 9: Consolidated Segment Profit Analysis
Consolidated Segment Profit Analysis For 6 months ended Sept 2014 Amount in Rs. Mn Particulars Real Estate Hospitality Lease rentals Total Revenue 3,860 855 939 5,654 Expenses 2,640 108 160 2,908 Gross profit 1,220 747 779 2,746 Gross profit Margin % 32% 87% 83% 49% Admin Expenses 395 244 67 706 Emp
Slide 10: Deployment of Funds
Deployment of Funds Capital Employed Profitability Ratios Hospitality 25% 22% 10% 19% 20% Real Estate 15% 11% 10% 10% Real Estate Lease Rentals Lease Rentals 53% 10% 37% Hospitality 5% 2% 0% PBD/Equity EBIT/CE Standalone Figures as on Sept 2014; Amounts are in Rs. Mn Capital D/E PBD/Equity Segment E
Slide 11: Debt & Cost Movement
Debt & Cost Movement 10,000 14.00% 13.86% 9,850 9,815 Amount in Rs. Mn 13.55% 13.31% 13.50% 9,500 13.11% 13.06% 12.78% 13.00% 9,000 8,910 9,226 9,168 8,813 12.46% 12.38% 12.27% 12.50% 8,537 8,508 12.19% 12.16% 12.14% 8,500 8,637 8,308 12.00% 8,433 8,380 8,000 11.50% 7,500 11.00% Dec‐11 Mar‐12 Jun‐12
Slide 12: Credit Rating
Credit Rating CRISIL “A” ICRA “A” ICRA “A‐” ICRA “BBB+” ICRA “BBB” ICRA “BBB‐” Jul‐09 Jan‐10 Jul‐10 Jan‐11 Jul‐11 Jan‐12 Jul‐12 Jan‐13 Jul‐13 Jan‐14 Jul‐14 Consistent improvement in Credit Rating 12
Slide 13: Sales Volume Analysis
Sales Volume Analysis Quarterly Area Sales Residential Commercial 900 800 83 700 31 600 132 203 16 500 400 715 678 723 300 473 462 394 200 100 ‐ Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 All figures are in sft ‘000 FY 2013‐14 FY 2014‐15 Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Residential 715 678 473
Slide 14: Sales Value Analysis
Sales Value Analysis Quarterly Sales Value Residential Commercial 4,500 4,000 507 3,500 218 1,016 3,000 2,500 928 91 2,000 3,345 3,364 3,580 1,500 2,579 2,387 1,994 1,000 500 ‐ Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 All Amounts in Rs. Mn except Average Rate/SFT which is in Rs. FY 2013‐14 FY
Slide 15: Hospitality Business
Hospitality Business GRAND MERCURE SHERATON Details H1 FY 14‐15 H1 FY 13‐14 FY 13‐14 H1 FY 14‐15 H1 FY 13‐14 FY 13‐14 No of Keys 126 126 126 230 230 230 Occupancy 81% 92% 86% 70% 74% 75% ARR (Rs.) 6,744 6,465 6,558 7,222 7,289 7,633 GOP 46.1% 51.2% 50.7% 34.6% 42.3% 40.8% 15
Slide 16: Lease Position – Sept 14
Lease Position – Sept 14 To be Leased 34 38 2 Leased out 611 117 779 31 Leasable Area 645 117 817 10 33 0 200 400 600 800 1000 1200 1400 1600 1800 WTC South Parade Orion Mall Solitare Others Area in ‘000 SFt Project Leasable Area Leased out To be Leased WTC Bangalore 645 611 34 Brigade South Parade
Slide 17: Synopsis of Ongoing Projects – Sept 2014
Synopsis of Ongoing Projects – Sept 2014 Ongoing BEL Ongoing Stock Particulars Total Projects SPV Projects Sales In Mn. Sft Total super built‐up area of launched project on sale basis 10.36 3.27 0.10 13.73 Less: LO Share 2.02 0 0 2.02 Co share of saleable area 8.35 3.27 0.10 11.71 Sold till date 4.5
Slide 18: Synopsis of Ongoing Projects – Contd.
Synopsis of Ongoing Projects – Contd. Ongoing BEL Ongoing SPV Stock Particulars Total Projects Projects Sales Rs. In Mn Revenue Recognised till date 9,077 789 0 9,866 Revenue to be Recognised (incl unsold units) 31,232 14,862 864 46,958 Estimated cost for the projects (incl Land/NRD) 27,407 12,493 4
Slide 19: Ongoing Projects - Summary
Ongoing Projects ‐ Summary Area in ‘000 SFT Projects Project Area LO/JV share Co Share Total Project Area Hospitality Real Estate projects 10,362 2,017 8,345 Lease Rental 4% 11% Brigade Orchards * 2,433 1,216 1,216 Brigade Cosmopolis * 836 410 427 Total Real Estate 13,632 3,644 9,988 Brigade Nalapad
Slide 20: Land Bank - Group
Land Bank ‐ Group As on Sept 2014 Amount in Rs. Mn Land Area Location Total Cost* Paid Payable (in acres) Bangalore 221 5,184 3,919 1,265 Chennai 57 750 400 350 Kochi 22 207 207 ‐ Mangalore 25 45 45 ‐ Mysore 36 109 94 16 Total 359 6,295 4,664 1,631 * Includes Refundable/Non Refundable Deposits for J
Slide 21: Land Bank – Developable Area
Land Bank – Developable Area As on Sept 2014 Project Area ‐ Product Project Area ‐ Location Retail Mysore 1% Hotel 6% 2% Mangalore Commercial‐ 8% Cochin Lease 2% 22% Chennai 14% Commercial‐ Sale 6% Residential Bangalore 69% 70% BEL BEL No of Proj Area No of Proj Area Product Share Location Share Pro
Slide 22: Project Launch Pipeline – FY 2014-15
Project Launch Pipeline – FY 2014‐15 Project BEL Launch Plan / Project City Land Area Area Share Status In Acres Sft in Mn Sft in Mn Brigade Exotica‐Tower‐2 Bangalore 5.26 0.72 0.72 Launched in Q1 Brigade Omega ‐ Tower‐A Bangalore 2.46 0.31 0.19 Launched in Q1 Brigade Meadows Phase 2 Bangalore 14.99
Slide 23: Project Launch Pipeline – FY 2014-15
Project Launch Pipeline – FY 2014‐15 Project Launch Plan / Project City Land Area BEL Share Area Status In Acres Sft in Mn Sft in Mn Brigade Bhuwalka Icon Bangalore 2.61 0.29 0.15 Launched in Q1 Brigade Golden Triangle Signature Bangalore 5.41 0.55 0.39 Q3 Tower Brigade Meadows Bangalore 1.50 0.12 0
Slide 24: Awards & Recognition – Q2 FY 15
Awards & Recognition – Q2 FY 15 Brigade Crescent won the 'Ultra luxury Apartment Project Of The Year' in CBD limits, Bangalore and Brigade Horizon won the 'Luxury Apartment Project Of The Year', Mysore at the 3rd Annual Silicon India Bangalore Real Estate Awards 2014 Brigade Group won 5 Awards a
Slide 25: THANK YOU
THANK YOU Brigade Enterprises Ltd K Suresh 29th & 30th Floor, World Trade Centre, Chief Financial Officer Brigade Gateway Campus, Email: sureshkris@brigadegroup.com 26/1, Dr. Rajkumar Road, Om Prakash P Malleswaram‐Rajajinagar, Company Secretary Bangalore ‐560 055. Email: omprakash@brigadegroup.com