Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q1 FY2018 Earnings Presentation
40 slides from Oberoi Realty's earnings presentation, Jul 28, 2017
Slide 1: Oberoi Realty Limited Result Update Q1FY18
Oberoi Realty Limited Result Update QiIFY18 July 28, 2017
Slide 2: Key Developments
Key Developments ➢ RERA applicable in Maharashtra from May 1, 2017 ➢ GST introduced from July 1, 2017, effective rate of 12% for purchase of under construction property ➢ Commenced sales in Tower A of Three Sixty West, Worli Note The MahaRERA Rules have been notified on 20th April 2017. The applicat
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 2
Slide 4: Balance Sheet Summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q1FY18 Q1FY17 FY17 Non-current assets 3,23,401 2,65,496 2,89,909 Current assets 5,40,635 5,36,933 5,55,505 Total 8,64,036 8,02,429 8,45,414 Equity 5,81,890 5,45,113 5,72,596 Non-current liabilities 83,754 81,
Slide 5: Cash Flow Summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q1FY18 Q1FY17 FY17 Opening Cash and Cash Equivalents 49,417 38,628 38,628 Operating Cash Flows (4,162) (5,417) 17,355 Investing Cash Flows (29,910) (36,321) (54,375) Financing Cash Flows (3,282) 48,253 33,556
Slide 6: Assets Detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q1FY18 Q1FY17 FY17 Non-current assets Fixed assets (including CWIP) 1,07,190 1,02,748 1,05,446 Financial assets 1,92,016 1,38,379 1,60,178 Deferred tax assets (net) 10,063 10,134 9,974 Other non-current asset
Slide 7: Liabilities Detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q1FY18 Q1FY17 FY17 Non-current liabilities Financial liabilities i) Borrowings 74,942 74,990 74,938 ii) Others 1,104 782 719 Provisions 172 129 171 Other non-current liabilities 7,536 5,201 7,101 Total Non-cu
Slide 8: Statement of Profit and Loss
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Revenue from Projects 16,159 19,243 23,287 74,638 Revenue from Hospitality 2,984 3,364 2,845 12,574 Revenue from Rent 5,590 5,163 4,536 19,390 Operating Revenues 24,733
Slide 9: Key Ratios and Margins
Financial Update Investment Properties Development Properties Particulars Q1FY18 Q1FY17 FY17 EBITDA Margin (Including Non Operating 53.68% 53.50% 53.17% Income/ Total Revenue) EBITDA Margin (Excluding Non Operating 51.98% 52.05% 51.18% Income/ Total Operating Income) PAT Margin 33.53% 32.60% 32.34%
Slide 10: Segment-wise Results
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q1FY18 51.98% 45.18% 93.61% 34.49% -12.49% Total Operating Revenues 26,074 16,370 5,615 3,005 1,084 EBITDA (Excluding Non Operating Income) 13
Slide 11: Share Price Performance vs Sensex and BSE Realty
Index 20.00 40.00 60.00 80.00 100.00 120.00 140.00 160.00 20/Oct/10 23/Nov/10 27/Dec/10 30/Jan/11 05/Mar/11 08/Apr/11 12/May/11 15/Jun/11 19/Jul/11 22/Aug/11 25/Sep/11 29/Oct/11 Financial Update 02/Dec/11 05/Jan/12 08/Feb/12 13/Mar/12 16/Apr/12 20/May/12 23/Jun/12 27/Jul/12 30/Aug/12 03/Oct/12 06/No
Slide 12: Shareholding Pattern
Financial Update Investment Properties Development Properties Category 30-Jun-17 31-Mar-17 31-Dec-16 30-Sep-16 30-Jun-16 Promoter and Promoter Group 72.49% 72.50% 72.53% 72.54% 72.54% Foreign Institutional Investors (FIIs) 24.94% 25.35% 25.35% 24.23% 22.07% Domestic Institutional Investors (Institut
Slide 13: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 725,769 sqft. 269 rooms GLA: 552,893 sqft. 12
Slide 14: Oberoi Mall Performance
Financial Update Investment Properties Development Properties Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Operating Revenue (Rs. Lakh) 2,666 2,567 2,437 10,000 EBITDA (Rs. Lakh) 2,472 2,395 2,257 9,337 EBITDA Margin (%) 92.73% 93.30% 92.63% 93.38% Occupancy (%) 99.09% 99.68% 90.83% 95.32% Area Leased (Sqf
Slide 15: Commerz Performance
Financial Update Investment Properties Development Properties Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Operating Revenue (Rs. Lakh) 1,201 1,202 1,188 4,812 EBITDA (Rs. Lakh) 1,196 1,196 1,178 ** 4,784 EBITDA Margin (%) 99.59% 99.52% 99.16% 99.41% Occupancy (%)* 88.47% 88.47% 88.47% 88.47% Area Leased (
Slide 16: Commerz II Performance
Financial Update Investment Properties Development Properties Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Operating Revenue (Rs. Lakh) 1,153 822 345 2,255 EBITDA (Rs. Lakh) 971 661 143 1,457 EBITDA Margin (%) 84.21% 80.40% 41.57% 64.61% Occupancy (%) 44.66% 29.89% 13.02% 20.33% Area Leased (Sqft.) 3,24,09
Slide 17: Westin Hotel Performance
Financial Update Investment Properties Development Properties Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Operating Revenue (Rs. Lakh) 3,005 3,385 2,867 12,660 EBITDA (Rs. Lakh) 1,036 1,315 837 4,365 EBITDA Margin (%) 34.49% 38.85% 29.21% 34.48% Number of Rooms 269 269 269 269 Average Room Rate (Rs.) 8,03
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 17
Slide 19: Residential Projects Summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Project Avg. Price for Residential Projects Est. Area Recognised Till Date on Date Value till Date Completion Q1FY18 till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Seven 39
Slide 20: Residential Bookings in Q1FY18
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in Q1FY18 in Q1FY18 for Q1FY18 Q1FY18 in Q1FY18 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 13,910 8 3,310 2,352 3,310 Esquire
Slide 21: Exquisite Project Details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Date Estimated Total Area (sqft.) 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 Estimated Total Units (nos.) 802 802 802 802 802 Area Booked (sqft) 13,910 6,890 18,220 43,850 13,75,65
Slide 22: Exquisite Project Status
Financial Update Investment Properties Development Properties Project Status as on Jun 30, 2017 Project Status as on Mar 31, 2017 21
Slide 23: Development Properties
Financial Update Investment Properties Development Properties 22
Slide 24: Esquire Project Details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Estimated Total Units (nos.) 882 882 882 882 882 Area Booked (sqft) 12,263 21,106 8,008 82,232 12,17,39
Slide 25: Esquire Project Status
Financial Update Investment Properties Development Properties Project Status as on Jun 30, 2017 Project Status as on Mar 31, 2017 24
Slide 26: Prisma Project Details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 Area Booked (sqft) 3,178 12,364 20,188 46,549 1,82,680 Units Boo
Slide 27: Prisma Project Status
Financial Update Investment Properties Development Properties Project Status as on Jun 30, 2017 Amount spent in Q1FY18 : Rs. 90.19 crore 26
Slide 28: Three Sixty West Project Details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Date Estimated Area of Project (sqft.) 23,71,278 17,83,928 17,83,928 17,83,928 23,71,278 Area Booked (sqft) 29,057 45,427 55,320 1,97,721 3,70,208 * * Units Booked (nos.) 2 5 6 22 39 Area
Slide 29: Three Sixty West Project Status
Financial Update Investment Properties Development Properties Project status as on Jun 30, 2017 Project status as on Mar 31, 2017 28
Slide 30: Eternia Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 29
Slide 31: Eternia Project Details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Date Estimated Area of Project (sqft.) 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 Estimated Total Units (nos.) 1,057 1,057 1,057 1,057 1,057 Area opened for booking (sqft.) 7,83,72
Slide 32: Eternia Project Status
Financial Update Investment Properties Development Properties Project status as on Jun 30, 2017 Project status as on Mar 31, 2017 31
Slide 33: Development Properties
Financial Update Investment Properties Development Properties 32
Slide 34: Enigma Project Details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Date Estimated Area of Project (sqft.) 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 Estimated Total Units (nos.) 619 619 619 619 619 Area opened for booking (sqft.) 7,85,334 7,85,334
Slide 35: Sky City Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 34
Slide 36: Sky City Project Status
Financial Update Investment Properties Development Properties Project status as on Jun 30, 2017 Project status as on Mar 31, 2017 Artist Impression 35
Slide 37: Sky City Project Details
Financial Update Investment Properties Development Properties Project Till Particulars Q1FY18 Q4FY17 Q1FY17 FY17 Date Estimated Area of Project (sqft.) 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 Estimated Total Units (nos.) 2,357 2,357 2,357 2,357 2,357 Area opened for booking (sqft.) 20,27,9
Slide 38: Investor Relations Contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Aditi Mittal Executive Assistant to Managing Director/Investor Relations aditi.mittal@oberoirealty.com Shital Shah Senior Manager – Investor Relations shital.shah@oberoirealty.com For any furthe
Slide 39: Notes
Notes 1. Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year. 2. Total are
Slide 40: Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed t