Kolte-Patil Developers Limited · NSE:KOLTEPATIL
Kolte-Patil Developers — Investor Presentation (July 2013)
34 slides from Kolte-Patil Developers's investor presentation, July 2013
Slide 1: Corporate Presentation - July 2013
Corporate Presentation - July 2013
Slide 2: Certain statements in this communication may be ‘forward looking statements’ within the meaning Company’s
Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by
Slide 3: Agenda
1 Corporate Profile 2 Key Operational Highlights 3 Key Financial Highlights 4 Key Project Snapshots 5 Outlook 6 About Kolte-Patil 3
Slide 4: About Kolte-Patil
Overview Key Milestones Our Presence Awards and Recognition Management Team 4
Slide 5: Key investment highlights
Undisputed leader in the Pune market with consistent market share ranging between 8-10% Dominant player in the Well-reputed, trusted name with proven execution capabilities Pune real estate market Successfully executed over 6.2 msf. (KPDL share) of area in Pune 51.2 msf. of saleable area spr
Slide 6: Key investment highlights (continued)
Early adopters of new construction technology Advanced Construction Technology Providing strong delivery capabilities Superior quality of construction Robust Balance Sheet Conservative approach to debt financing based on project execution and cash flow visibility Position Net debt-equity r
Slide 7: Key Milestones
2012 2011 • Foray into 2008-10 Mumbai • Launch of market 2006-07 400 acre 1991- • Signed JV township with “Life 2006 • Successful Portman Republic” 1989-91 IPO in 2007 Holdings in • Forayed into raising US$ 2009 Bengaluru 63 million - • Launch of • Setup as a market in listed on luxury partnership 1
Slide 8: Our Presence
Note- All figures mentioned here refer to KPDL’s share Present since 1989 Completed (6.2 msf.) o 26 Residential Projects o 8 Commercial Projects o 4 IT Parks 25 ongoing and planned projects (13.5 msf) Pune Mumbai Foray in 2012 Evaluating deals across Present since 1994 the city in variou
Slide 9: Awards and Recognition
Awards and Recognition ial =— 24lk Glitterati 24K Glitterati lvy Estate Umang Homes Umang Homes VK arty Ho B 012
Slide 10: Management Team
Mr. Sujay Kalele : CEO • Engineer and Management Post Graduate from Indian School of Business, Hyderabad • Over 10 years of experience in India and abroad in different sectors, like IT, IPC and Real Estate business • Responsible for business development and heading the group sales function Mr. Abhay
Slide 11: Management Team (continued)
Mr. Pramod Nemade : VP Purchase Mr. Mahesh Saluja : VP Sales • MBA, Marketing from Symbiosis Inst. Of Management • Civil engineer from Pune University with 19 years of Pune work experience as project engineer and in purchase • Over 18 years of experience in real estate sales across • Responsibilitie
Slide 12: Management Team (continued)
Mr. S.K.Prasanna: COO - Bangalore Operations Mr. M.Nagendra Prasad: AVP - Purchase Graduate Civil Engineer from Karnataka University, Dharwar, Karnataka. Graduate Civil Engineer from Bangalore University, Over Two Decades of rich experience in Real Estate Bangalore. Development. Over Two dec
Slide 13: Corporate Profile
Breakup of Land Bank Cultivating Long-term Partnerships Strategic Initiatives Leadership in Pune Real Estate Market Expanding Presence in Bengaluru Market Foray into Mumbai Market Details of Completed Projects/ Ongoing Projects/ Forthcoming Projects Future Developmental Potential 13
Slide 14: Projects under execution and land acquisition strategy
Projects under Overall (msf.) KPDL share (msf.) execution KPDL saleable area of 28.7 million square feet Bengaluru , 9% Ongoing 8.6 4.8 Pune, 91% Forthcoming 18.3 11.5 Future Potential 24.3 12.4 Forayed in the Mumbai market in FY2013 Evaluating several projects across various Total Saleable Area 51.
Slide 15: Details of PE Partnerships
Details of PE Partnerships KPDL Name of SPV Name of Stake of PE Location Projects Fund Bellflower Portman Holdings Mohamad Development Properties Private Margosa Construction – 49% Wadi, Pune Finance Partners /Strategic Limited Partners Partners Portman Holdings Tuscan Real Estate Kharadi, Tuscan –
Slide 16: Strategic Initiatives
Superior Early adopters of new construction technology, invested Rs. 68 crore in FY12 construction Setting new benchmarks in terms of high construction quality quality and Enabled faster execution of projects and increased delivery capabilities delivery Streamlining internal processes and controls t
Slide 17: Leadership in Pune Real Estate Market
Leadership in Pune Real Estate Market Aepet Letatcr Cay Vata iow gil Sone) AAR) ane » ’ £<—a. : aed Negra! z Cee rasan Apaoon Palace 2 City Bay eo =< ~~ Creating landmarks for 25 years in Pune. Kolte-Patil Creations sender sragets fengoera) © sendertar srasets fageorengt soverarcil sree forgot) Frep
Slide 18: Pune Market Dynamics/Demand Drivers
Market IT and manufacturing hub offering huge employment opportunities and sustaining end user demand Dynamics/Demand Proximity to Mumbai with the construction of the six lane Mumbai-Pune Expressway Drivers Positive demographic and income trends Townships with built-in amenities and offering a bette
Slide 19: Bengaluru Market Dynamics/Demand Drivers
Market Dynamics/ IT/ITeS sector accounts for about 55% of the total demand for organized real estate market in Bengaluru Demand Drivers Growth plans of several engineering and manufacturing companies based in the city Demand from new migrants as well as investors Availability of large parcels of lan
Slide 20: Mumbai Market Dynamics/Demand Drivers
Market Financial and commercial capital of the country Dynamics/Demand Drivers Upcoming infra projects like Mumbai Metro, Monorail and the Eastern Freeway to boost realty market Improved regulatory framework to enhance transparency levels, increase consumer confidence and demand Redevelopment market
Slide 21: Completed Projects
Completed Projects (msf.) Saleable Pune Projects Area (msf.) IT Parks, 1.4 Residential 4.2 IT Parks 1.4 Commercial, 0.7 Commercial 0.7 Total 6.3 Residential, 4.7 Saleable Bengaluru Projects Area (msf.) Residential 0.5 Total 0.5 Delivered 42 projects including 30 residential complexes, 8 commercial c
Slide 22: Details of ongoing projects as on 31st March, 2013
Details of ongoing projects as on 31st March, 2013 KPDL Total Sales Revenue Saleable Collections Projects Location Share Area Value recognized Area (msf.) (Rs. mn.) (msf.) sold (msf.) (Rs. mn.) (Rs. mn.) Life Republic - Phase 1 2.6 Hinjewadi, Pune 1.2 2.5 9,741 5,280 4,027 Corolla - Phase 1 1.9 Wagh
Slide 23: Forthcoming projects and approval status
KPDL Total Land Saleable Projects Location Share Cost * Approval Status/Expected date of launch Area (msf.) (%) (Rs. Mn) Life Republic - Phase 2 6.9 Hinjewadi, Pune 45% 3,400 • 2 msf. expected in Q2 FY2014 Corolla - Phase 2 2.5 Wagholi, Pune 37% 946 • 1.5 msf. expected in Q3 FY2014 Tuscan - Phase 2
Slide 24: Future developmental potential: agricultural plots
Title/MOU/DAPA Share of KPDL Share Project Area (msf.) Comment /Saledeed/JV KPDL (msf.)* • 50:50 profit sharing JV with Sanjivani Remidies, a Pune based Pharma firm Sanjivani Township, JV 15.0 50% 7.5 • Launch targeted by end FY14 Urse, Pune • Awaiting land clearance from the Department of Urban Dev
Slide 25: Key Financial Highlights
Strong Financial & Operating Performance Robust Balance Sheet Position Generating Strong Cash Flows 25
Slide 26: Strong Financial & Operating Performance
Operating income EBITDA PAT 192.1 727.5 Rs. Crore Rs. Crore 107.4 Rs. Crore 86.2 67.7 47.9 249.2 202.8 34.1 FY2011 FY2012 FY2013 FY2011 FY2012 FY2013 FY2011 FY2012 FY2013 Sales Volume Sales value 1,250 Price realization 2.9 4,735 2.6 1,100 3,850 Million sq. ft Rs. Crore Rs./sq. ft FY2012 FY2013 FY20
Slide 27: P&L Snapshot
P&L Snapshot (in Rs. cr unless FY2013 FY2012 FY2011 CAGR (%) otherwise mentioned) Total operating income 727.5 249.2 204.5 89% Total Expenses 541.3 183.6 120.0 112% EBITDA 192.1 67.7 86.2 49% EBITDA Margin (%) 26.9% 28.9% 45.4% - EBIT 186.2 65.6 84.5 48% EBIT Margin 26.1% 28.0% 44.5% - Profit before
Slide 28: Balance Sheet Snapshot
Balance Sheet Snapshot (in Rs. cr 31st March, 2013 31st March, 2012 31st March, 2011 unless otherwise mentioned) Net Worth 717.2 708.1 699.5 Deferred tax liabilities 0.8 0.2 0.0 Gross debt 174.5 228.2 176.6 Cash & cash equivalents 112.2 46.4 41.2 Net debt 62.4 181.8 135.3 Current Investments 7.6 40.
Slide 29: Cash Flow Snapshot
Cash Flow Snapshot (in Rs. cr unless FY13 FY12 FY11 otherwise mentioned) Opening cash and cash equivalents 46.4 41.2 31.6 Net cash from/(used In) operating activities 158.1 15.4 177.1 Net cash from investing activities -57.4 2.7 -47.6 Net cash from financing activities -35.0 -13.0 -119.8 Closing cas
Slide 30: Life Republic - Pune's largest residential township
Life Republic - Pune’s largest residential township Phase I - Saleable area 2.6 msf ; area sold 2.5 msf.; 36% construction complete 4th Avenue School 6th Avenue R2 Sector 2nd Avenue R6 Sector Current Progress of Phase I Perspective on completion of all phases 30
Slide 31: Downtown and Corolla project progress
Downtown: Saleable area 0.7 msf. ; area sold 0.4 msf. ; 25% construction complete Arissa Langston Beryl Cheryl 4th Slab in May 2013 Site progress - June 2013 External Paint till 11th floor Site progress - June 2013 Corolla: Saleable area 1.9 msf ; area sold 1.6 msf.; 66% construction complete Ivy Ap
Slide 32: Outlook: Operational Parameters
Operational Parameters Focused on maintaining construction quality and adherence to strict delivery timelines Demand environment Expectations of lower interest rates and moderating inflation to improve buyer sentiment New Sales and Realization Sales momentum to continue with expectations of 2.5-3.0
Slide 33: For further information, please contact
Kolte-Patil Developers Ltd. (BSE:532924, NSE: KOLTEPATIL) is a leading Pune-based real estate company incorporated in 1991. Kolte-Patil is a well-reputed, trusted name with a reputation for high quality standards, design uniqueness, transparency and the delivery of projects in a timely manner. The c
Slide 34: Thank You
THANK YOU
Kolte-Patil Developers — Investor Presentation (July 2013) on 6ix