Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2024 Earnings Presentation
34 slides from Oberoi Realty's earnings presentation, Jan 22, 2024
Slide 1: Results Update Q3FY24
Results Update Q3FY24 January 22, 2024
Slide 2: Contents
CONTENTS Financial Update Investment Properties Development Properties Note: The areas for Investment Properties and Development Properties mentioned in this Result Update refer to carpet areas. 1
Slide 3: Balance Sheet – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Balance Sheet – Abstract (Consolidated) Amount in Rs Lakh Particulars 9MFY24 9MFY23 FY23 Non-current assets 6,76,068 7,43,030 6,18,461 Current assets 12,78,520 9,91,208 12,45,639 Total 19,54,588 17,34,238 18,64,100 Equity 13,12,942 11,73,
Slide 4: Cash Flow – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Cash Flow – Abstract (Consolidated) Amount in Rs Lakh Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Opening Cash and Cash Equivalents 1,06,032 1,02,370 99,380 83,699 1,19,554 Operating Cash Flows 45,399 70,093 (28,430) 1,92,570 (13,352)
Slide 5: Assets – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Assets – Abstract (Consolidated) Amount in Rs Lakh Particulars 9MFY24 9MFY23 FY23 Non-current assets Fixed assets (including CWIP) 5,52,519 4,79,297 4,98,000 Financial assets 36,575 1,93,083 46,168 Deferred tax assets (net) 19,991 2,923 2
Slide 6: Liabilities – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Liabilities – Abstract (Consolidated) Amount in Rs Lakh Particulars 9MFY24 9MFY23 FY23 Non-current liabilities Financial liabilities i) Borrowings 2,38,922 2,11,719 2,88,064 ii) Trade Payables 8,364 5,402 6,913 iii) Others 19,194 16,515 1
Slide 7: Profit & Loss Account – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Profit & Loss Account – Abstract (Consolidated) Amount in Rs Lakh (Except EPS) Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Revenue from Projects 83,983 1,02,069 1,47,880 2,57,574 2,80,766 Revenue from Hospitality 4,901 3,996 4,169 12,8
Slide 8: Key Financial Parameters
Financial Update Investment Properties Development Properties Key Financial Parameters Particulars 9MFY24 9MFY23 Operating margin 50.97% 53.94% Net profit margin 34.92% 43.18% # * RONW 11.98% 17.15% # * ROCE 10.81% 14.54% Gross debt to equity 0.23 0.26 Net debt to equity 0.15 0.21 Current ratio 3.52
Slide 9: Operating Margin Analysis
Financial Update Investment Properties Development Properties Operating Margin Analysis Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q3FY24 48.34% 41.32% 95.56% 41.57% -18.24% Revenues from operations 1,05,364 84,221 14,984 4,923 1,236 Operating mar
Slide 10: Performance of Scrip (from listing)
Financial Update Investment Properties Development Properties Performance of Scrip (from listing) 610.00 580.00 550.00 520.00 490.00 460.00 430.00 400.00 370.00 340.00 Index 310.00 280.00 250.00 220.00 190.00 160.00 130.00 100.00 70.00 40.00 10.00 8-Aug-11 7-Aug-13 7-Aug-15 6-Aug-17 6-Aug-19 5-Aug-2
Slide 11: Shareholding Pattern (%)
Financial Update Investment Properties Development Properties Shareholding Pattern (%) Category 31-Dec-23 30-Sep-23 30-Jun-23 31-Mar-23 31-Dec-22 Promoter and Promoter Group 67.70% 67.70% 67.70% 67.70% 67.70% Foreign Institutional Investors (FIIs) 17.53% 17.94% 18.16% 17.76% 17.33% Domestic Institut
Slide 12: Investment Properties - Completed
Financial Update Investment Properties Development Properties Investment Properties - Completed The Westin Mumbai Garden City Carpet Area: 317,046 sqft. Carpet Area: 189,250 sqft. Carpet Area: 480,754 sqft. 269 Rooms 11 Note: The areas for Investment Properties mentioned in this Result Update refer
Slide 13: Oberoi Mall
Financial Update Investment Properties Development Properties Oberoi Mall Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Operating Revenue (Rs. Lakh) 4,427 3,637 3,734 11,847 10,968 EBITDA (Rs. Lakh) 4,205 3,429 3,547 11,214 10,458 EBITDA Margin (%) 95% 94% 95% 95% 95% * * Occupancy (%) 97% 96% 96%
Slide 14: Commerz
Financial Update Investment Properties Development Properties Commerz Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Operating Revenue (Rs. Lakh) 1,143 928 691 2,865 2,229 EBITDA (Rs. Lakh) 1,059 837 622 2,610 1,903 EBITDA Margin (%) 93% 90% 90% 91% 85% Occupancy (%) 52% 60% 56% 56% 55% Carpet Area
Slide 15: Commerz II
Financial Update Investment Properties Development Properties Commerz II Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Operating Revenue (Rs. Lakh) 2,746 2,721 2,947 8,148 8,550 EBITDA (Rs. Lakh) 2,522 2,481 2,739 7,497 7,924 EBITDA Margin (%) 92% 91% 93% 92% 93% Occupancy (%) 87% 83% 79% 83% 80% C
Slide 16: The Westin Mumbai Garden City
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Operating Revenue (Rs. Lakh) 4,923 4,018 4,190 12,884 11,076 EBITDA (Rs. Lakh) 2,049 1,419 1,579 4,913 4,044 EBITDA Margin (%) 42% 35% 38% 38% 37% Number of Room
Slide 17: Development Properties
Financial Update Investment Properties Development Properties Development Properties Note: The areas for Development Properties mentioned in this Result Update refer to carpet areas. 16
Slide 18: Project Till Date Synopsis – Key Development Properties
Financial Update Investment Properties Development Properties Project Till Date Synopsis – Key Development Properties Revenue Area Booked Inventory as Booking Value Project Residential Projects Carpet Area Recognised till Till Date on Date till Date Completion Date (sqft.) (sqft.) (sqft.) (Rs. Lakh)
Slide 19: Quarterly Synopsis – Key Development Properties
Financial Update Investment Properties Development Properties Quarterly Synopsis – Key Development Properties Booking Amount Revenue Area Booked Units Booked Residential Projects Value for Collected in Recognised in Q3FY24 in Q3FY24 Q3FY24 Q3FY24 in Q3FY24 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. L
Slide 20: Elysian
Financial Update Investment Properties Development Properties Elysian Project status as on Sep 30, 2023 Project status as on Dec 31, 2023 19
Slide 21: Elysian
Financial Update Investment Properties Development Properties Elysian Project Till Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Date Carpet area (sqft.) 15,15,481 15,15,481 15,15,481 15,15,481 15,15,481 15,15,481 Units (nos.) 719 719 719 719 719 719 Area Booked (sqft.) 28,788 32,866 2,418 89,880 1
Slide 22: Forestville
Financial Update Investment Properties Development Properties Forestville Project status as on Dec 31, 2023 21
Slide 23: Forestville
Financial Update Investment Properties Development Properties Forestville Particulars Q3FY24 Carpet area (sqft.) 11,08,932 Units (nos.) 1,257 Area Booked (sqft.) 1,08,775 Units Booked (nos.) 116 Area in Inventory (sqft.) 10,00,157 Units in Inventory (nos.) 1,141 Booking Value (Rs. Lakh) 20,937 Amoun
Slide 24: Eternia
Financial Update Investment Properties Development Properties Eternia 23
Slide 25: Eternia
Financial Update Investment Properties Development Properties Eternia Project Till Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Date Carpet area (sqft.) 13,49,549 13,49,549 13,49,549 13,49,549 13,49,549 13,49,549 Units (nos.) 1,312 1,312 1,312 1,312 1,312 1,312 Area Booked (sqft.) 19,965 42,209 32
Slide 26: Enigma
Financial Update Investment Properties Development Properties Enigma 25
Slide 27: Enigma
Financial Update Investment Properties Development Properties Enigma Project Till Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Date Carpet area (sqft.) 12,57,392 12,57,392 12,57,392 12,57,392 12,57,392 12,57,392 Units (nos.) 682 682 682 682 682 682 Area Booked (sqft.) 48,502 29,088 30,828 1,00,532
Slide 28: Sky City
Financial Update Investment Properties Development Properties Sky City 27
Slide 29: Sky City
Financial Update Investment Properties Development Properties Sky City Project Till Particulars Q3FY24 Q2FY24 Q3FY23 9MFY24 9MFY23 Date Carpet area (sqft.) 28,54,907 28,54,907 28,21,269 28,54,907 28,21,269 28,54,907 Units (nos.) 2,734 2,734 2,696 2,734 2,696 2,734 Area Booked (sqft.) 45,919 85,138 1
Slide 30: Highlights
Financial Update Investment Properties Development Properties Highlights ➢ Acquired land admeasuring ~14.82 acres from Ireo Residences Company Private Limited at Sector 58, Gurugram, Haryana marking the Company’s first foray in the NCR region ➢ Concluded the transaction for land admeasuring ~6.4 acr
Slide 31: Awards
Financial Update Investment Properties Development Properties Awards ➢ Elysian won ‘Interior Design Sample flat of the year – Residential’ at the CREDAI-MCHI Golden Pillar Awards ➢ Indian Hospitality Excellence Awards The Westin Mumbai Garden City for: - Restaurant of the Year for Kangan - Gold cert
Slide 32: Thank You
Thank You Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Nimit Gala General Manager – Investor Relations nimit.gala@oberoirealty.com Keyur Jangbari Deputy Manager – Finance and Investor Relations keyur.jangbari@oberoirealty.com For any furth
Slide 33: Annexure
Annexure Notes 1. Previous period figures have been re-grouped, re-arranged and re-classified wherever necessary to conform to current period’s classification. The classification in this presentation may vary from classifications under Schedule III to the Companies Act or under Accounting Standards
Slide 34: Disclaimer
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