Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q2 FY2022 Earnings Presentation
38 slides from Godrej Properties's earnings presentation, Nov 2, 2021
Slide 1: Cover letter to stock exchanges
Godrej Properties Limited Regd.Office: Godrej One, s"' 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 : L74120MH1985PI..C035308 November 02, 2021 BSE Limited Phiroze Jeejeebhoy Tow
Slide 2: Results Presentation Second Quarter FY2022
R E S U LT S P R E S E N T A T I O N SECOND QUARTER, FINANCIAL YEAR 2022 1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY19
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 Q2 FY22 Operational Highlights 02 Q2 FY22 Financial Highlights 03 Annexure 04 3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY22
Slide 5: Godrej Group
GODREJ GROUP Established in 1897 Value Creation Track Record $5 billion in annual revenue 20 year CAGR in ` 1 invested in Particulars stock price June 2001 is now worth 1.1 billion people globally use a Godrej product1 BSE Sensex 15% 18 Godrej ranks amongst the most trusted Indian brands2 Go
Slide 6: Godrej Properties
GODREJ PROPERTIES Established in 1990 Indias largest developer by residential sales in FY21 Successfully delivered ~20 million sq. ft. of real estate in the Chandigarh 0.5, 1 NCR past five years 27.2, 15 ~186 million sq. ft. of saleable area across India Differentiated asset-light busines
Slide 7: Strengths
STRENGTHS 1 1.1 billion people globally use a Godrej product 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 sector Effective Land
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL’s IPO would be worth ~10x an identical investment into the BSE Realty Index Value Creation Track Record 12 year CAGR in ` 1 invested in Particulars stock price January 2010 is now worth BSE Sensex 10.9% 3.37 Godrej Properties 21.7% 10.05 BSE Realty Index 0.5%
Slide 9: Agenda
AGENDA Overview 01 Q2 FY22 Operational Highlights 02 Q2 FY22 Financial Highlights 03 Annexure 04 8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY22
Slide 10: Q2 FY22 Operational Highlights
Q2 FY22 OPERATIONAL HIGHLIGHTS Launched 4 new projects/phases in Q2 FY22 Sales value in Q2 FY22 was more than 5x the previous quarter Sales Highlights 140% YoY growth in value of sales booking for Q2 FY22 to INR 2,574 crore and 18% YoY growth in value of sales booking for H1 FY22 to INR 3,072
Slide 11: Sales Highlights
SALES HIGHLIGHTS Particulars Q2 FY22 Q2 FY21 Growth Q1 FY22 Growth H1 FY22 H1 FY21 Growth Area Sold (sq. ft.) 3,612,142 1,728,995 109% 771,817 368% 4,383,959 4,241,283 3% Booking Value (INR Cr) 2,574 1,074 140% 497 418% 3,072 2,605 18% Strong response to new project/phase launches Evergreen - Godrej
Slide 12: Sales Highlights (Contd.): City-wise Sales Breakdown
SALES HIGHLIGHTS (Contd.) City-wise Sales Breakdown NCR Pune • Registered total sales of 1.27 million sq. ft. through sale • Registered total sales of 1.02 million sq. ft. through sale of 707 homes with a booking value of INR 1,063 crore of 1,027 homes with a booking value of INR 607 crore MMR Banga
Slide 13: Project Booking
PROJECT BOOKING Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Residential Projects Q2 FY22 H1 FY22 Q2 FY22 H1 FY22 Godrej Woods, NCR 547,786 600,149 596 651 Godrej Hill Retreat, Pune 600,307 600,307 375 375 Godrej Ananda, Bangalore 514,925 514,925 228 228 Godrej Serenity/Nature+, NCR 196
Slide 14: Project Booking (Contd.)
PROJECT BOOKING (Contd.) Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Commercial Projects Q2 FY22 H1 FY22 Q2 FY22 H1 FY22 Godrej Eternia, Chandigarh 23,104 27,365 17 20 Total 23,104 27,365 17 20 Grand Total 3,612,142 4,383,959 2,574 3,072 13 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2
Slide 15: Quarterly Sales Trend
QUARTERLY SALES TREND Quarterly Sales Value 3,000 2,632 2,574 2,500 2,383 2,000 1,531 (INR cr) 1,488 1,500 1,189 1,074 1,000 497 500 0 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Quarterly Sales Volume 4.5 4.2 4.0 3.6 3.6 3.5 3.0 (Million sq.ft.) 2.5 2.4 2.5 2.0 1.7 1.6 1.5 1.0 0
Slide 16: Business Development
BUSINESS DEVELOPMENT Added a new project with saleable area of ~1.6 million sq. ft. in Q2 FY22 1. Wadala, MMR • The project is a redevelopment of a land parcel in the upscale neighborhood of Wadala and is in very close proximity to Matunga Five Gardens • Spread across 7.5 acres, this project will of
Slide 17: Launch Tracker FY22
LAUNCH TRACKER FY22 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New Project Launches Planned in FY22 New Phase Launches Planned in FY22 Project City Launch Launch Status Area* Project City Status Area* Godrej Ananda (Ba
Slide 18: Construction Highlights
CONSTRUCTION HIGHLIGHTS We continue to ramp up our workforce strength across our sites Workforce strength stood at 164% of our pre-COVID strength as of September end 300% 266% 250% 224% (% of Total Workforce Strength) 200% 192% 183% 176% 166% 151% 152% 150% 143% 151% 133% 128% 133% 124% 106% 100% 83
Slide 19: Global Recognition for Sustainability Initiatives
GLOBAL RECOGNITION FOR SUSTAINABILITY INITIATIVES Ranked #1 amongst listed residential developers globally by GRESB (Global Real Estate Sustainability Benchmark) • GRESB is an industry-driven organization committed to rigorous and independent evaluation of the sustainability performance of real esta
Slide 20: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 48 awards in Q2 FY22 and a total of 54 awards in H1 FY22 ILLUSTRATIVE LIST OF AWARDS GODREJ PROPERTIES PROJECT & INDIVIDUAL AWARDS India's Top Builder Godrej Nature+, NCR | Godrej Habitat, NCR | Godrej 101, NCR | Gold Award - 16th Construction World Architect
Slide 21: ESG Performance
SUSTAINABILITY AND CSR INITIATIVES ESG PERFORMANCE Godrej Properties has been recognized as a Sector Leader Globally and in Asia for Listed Residential Development in 2021 by (Environmental, Social and ESG Rating Global Real Estate Sustainability Benchmark (GRESB) GPL leads the ESG ratings for r
Slide 22: Agenda
AGENDA Overview Q2 FY22 Operational Highlights 02 Q2 FY22 Financial Highlights Annexure 04 03 21 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY22
Slide 23: Consolidated Financial Statements – P&L
CONSOLIDATED FINANCIAL STATEMENTS – P & L (INR Cr) Particulars Q2 FY22 Q2 FY21 % Change Q1 FY22 % Change H1 FY22 H1 FY21 % Change Total Income 290 238 22% 232 25% 522 403 30% Adjusted EBITDA* 107 82 30% 84 27% 190 126 51% EBITDA** 105 77 36% 82 27% 187 116 61% Profit before tax 58 23 158% 36 64% 94
Slide 24: Consolidated Financial Statements - Cashflow
CONSOLIDATED FINANCIAL STATEMENTS - CASHFLOW (INR Cr) Notes Particulars Q2 FY22 H1 FY22 Operating cashflow Total operating cash inflow 1,732 3,006 A Operating cash outflow Construction and related outflow -691 -1,396 Other project related outflow -615 -1,279 Total operating cash outflow -1,306 -2,67
Slide 25: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 30.09.2021 As on 31.03.2021 A Assets Unaudited Audited 1 Non Current assets a Property, plant & equipment 93.26 101.51 b Right-of-Use Asset 29.19 27.83 c Capital Work-in-Progress 262.42 229.25 d Investment Property 23.29 23.17
Slide 26: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 30.09.2021 As on 31.03.2021 B Equity and Liabilities Unaudited Audited 1 Equity a Equity share capital 138.99 138.97 b Other equity 8,235.65 8,180.52 c Non-controlling interest - - Total Equity 8,374.64 8,319.49 2 Liabilities 2
Slide 27: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators Particulars Q2 FY2022 Q2 FY2021 Q1 FY2022 H1 FY2022 H1 FY2021 Adjusted EBITDA / Total Income* 36.7% 34.6% 36.1% 36.4% 31.3% EBITDA / Total Income** 36.1% 32.3% 35.5% 35.8% 28.9% PBT Margin % 20.1% 9.5% 15.4% 18.0% 2.0% Net Profit Margin %# 12.3% 3.0% 7.3%
Slide 28: Agenda
AGENDA Overview Q2 FY22 Operational Highlights 02 Q2 FY22 Financial Highlights 03 Annexure 04 27 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY22
Slide 29: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) Phase I to IV: Area Based - 73.6% 1 Godrej Garden City* Ahmedabad Residential 14.80 Own Phase V: Revenue Based - 67.6% Ongoing Phase VI: onwards - 17% of Reve
Slide 30: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 18 Sarjapur 4 Bangalore Residential 1.60 Own 100% owned project Forthcoming 19 Whitefield Bangalore Residential 2.50 Own 100% owned project, 5.4% area share t
Slide 31: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 34 Godrej Park Mumbai Residential 0.77 Own Revenue Based – 56.5% Forthcoming 35 Godrej Vihaa Mumbai Res idential 1.30 DM DM Fee – 10% of Revenue Ongoing Profi
Slide 32: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 52 Godrej Urban Park Mumbai Residential 0.45 Own 100% owned project Ongoing 53 Worli Mumbai Residential 1.17 JV Profit Share - 50% Forthcoming 54 Matunga Mumb
Slide 33: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 70 Godrej Central Park Pune Residential 3.60 JV DM - 6.6% of Revenue & Profit Sharing - 44% Ongoing (Mamurdi) 71 Hinjawadi Pune Residential 10.20 JV Forthcomi
Slide 34: B. Commercial Projects
B. COMMERCIAL PROJECTS Est. Saleable/ Asset Ind AS Sr. No. Project Name Location Leasable Area Business Model Status Class Classification (mn sq. ft.) Phase I to IV: Area Based 73.6% 1 Godrej Garden City* Ahmedabad Residential 2.40 Own Phase V : Revenue Based - 67.6% Ongoing Phase VI : onwards - 17%
Slide 35: 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 38 | GODREJ 34 | GODREJ PROPERTIES PROPERTIES I RESULTS I RESULTS PRESENTATION PRESENTATION Q2 FY22Q4 FY19
Slide 36: Press Release: Consolidated Financial Results Q2 FY22 and H1 FY22
GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai – 400079 PRESS RELEASE Consolidated Financial Results for Q2 FY22 and H1 FY22 Total booking value stood at INR 2,574 crore (140
Slide 37: Press Release: Business Development and Other Highlights
Business Development Added a new project in MMR with saleable area of ~1.6 million sq. ft. in Q2 FY22 Wadala, MMR The project is a redevelopment of a land parcel in the upscale neighborhood of Wadala and is in very close proximity to Matunga Five Gardens Spread across 7.5 acres, this project wil
Slide 38: About Godrej Properties Limited
About Godrej Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 124- year legacy of excellence and trust with a commitment to cutting edge design, technology