Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2020 Earnings Presentation
38 slides from Oberoi Realty's earnings presentation, Feb 7, 2020
Slide 1: Oberoi Realty Limited Result Update Q3FY20
Oberoi Realty Limited Result Update Q3FY20 February 07, 2020
Slide 2: Financial Update
Financial Update Investment Properties Development Properties 1
Slide 3: Financial Update: Summary Balance Sheet
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY20 9MFY19 FY19 Non-current assets 4,11,575 4,10,337 4,13,799 Current assets 7,16,801 6,94,804 6,98,572 Total 11,28,376 11,05,141 11,12,371 Equity 8,37,903 7,85,992 8,02,918 Non-current liabilities 95,467
Slide 4: Cash Flow and Liquidity
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Opening Cash and Cash Equivalents 33,897 60,715 1,28,886 76,738 12,081 Operating Cash Flows 8,114 (46,709) (1,734) (34,987) 26,309 Investing Cash Flows (10,241) (4,676) (66,
Slide 5: Balance Sheet: Assets
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY20 9MFY19 FY19 Non-current assets Fixed assets (including CWIP) 1,31,394 1,12,997 1,18,765 Financial assets 2,43,338 2,65,308 2,60,399 Deferred tax assets (net) 11,837 13,313 12,995 Other non-current asse
Slide 6: Balance Sheet: Liabilities
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY20 9MFY19 FY19 Non-current liabilities Financial liabilities i) Borrowings 76,038 61,871 58,851 ii) Trade Payables 1,947 2,202 2,390 iii) Others 11,818 10,224 11,685 Provisions 179 197 197 Deferred tax li
Slide 7: Statement of Profit and Loss
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Revenue from Projects 38,231 35,144 39,386 1,19,696 1,63,253 Revenue from Hospitality 3,822 3,122 3,612 10,129 9,817 Revenue from Rent 9,164 9,347 8,485 27,782
Slide 8: Margins and Return Ratios
Financial Update Investment Properties Development Properties Particulars 9MFY20 9MFY19 Adjusted EBITDA* Margin (Including Non Operating 44.47% 53.60% Income) Adjusted EBITDA* Margin (Excluding Non Operating 43.19% 52.33% Income) PAT Margin 26.41% 32.03% RONW# 7.20% 12.74% ROCE# 6.96% 10.55% Gross D
Slide 9: Segment Revenues and Adjusted EBITDA
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q3FY20 46.13% 36.76% 96.34% 40.80% -7.06% Total Revenues 53,653 39,195 9,180 3,910 1,368 Adjusted EBITDA* 24,750 14,408 8,844 1,595 (97) 9MFY2
Slide 10: Share Price Performance versus Sensex and BSE Realty Index
Financial Update Investment Properties Development Properties 220.00 210.00 200.00 190.00 180.00 170.00 160.00 150.00 140.00 130.00 120.00 110.00 100.00 Index 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 30-Dec-16 31-Dec-12 31-Dec-13 31-Dec-14 31-Dec-15 30-Dec-17 30-Dec-18 30-Dec-19 8-Aug-11 7-Au
Slide 11: Shareholding Pattern
Financial Update Investment Properties Development Properties Category 31-Dec-19 30-Sep-19 30-Jun-19 31-Mar-19 31-Dec-18 Promoter and Promoter Group 67.70% 67.70% 67.70% 67.70% 67.70% Foreign Institutional Investors (FIIs) 25.33% 25.77% 26.07% 25.38% 25.40% Domestic Institutional Investors (Institut
Slide 12: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 306,641sqft. GLA: 782,674 sqft. 269 rooms GLA: 552,893 sqft. 11
Slide 13: Investment Properties: Mall Performance
Financial Update Investment Properties Development Properties Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Operating Revenue (Rs. Lakh) 4,094 4,011 3,890 12,067 11,184 EBITDA (Rs. Lakh) 3,907 3,776 3,714 11,468 10,613 EBITDA Margin (%) 95.44% 94.13% 95.48% 95.04% 94.89% Occupancy (%) 96.85% 96.57%
Slide 14: Investment Properties: Mall Performance
Financial Update Investment Properties Development Properties Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Operating Revenue (Rs. Lakh) 668 1,028 1,040 2,733 3,123 EBITDA (Rs. Lakh) 627 973 986 2,586 3,029 EBITDA Margin (%) 93.97% 94.67% 94.81% 94.60% 96.97% Occupancy (%) 50.64% 76.99% 77.74% 68.3
Slide 15: Investment Properties: Commercial Performance
Financial Update Investment Properties Development Properties Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Operating Revenue (Rs. Lakh) 3,124 3,028 2,260 9,137 5,776 EBITDA (Rs. Lakh) 2,982 2,897 2,053 8,669 5,156 EBITDA Margin (%) 95.46% 95.69% 90.81% 94.88% 89.26% Occupancy (%) 100.00% 96.94% 63
Slide 16: Hospitality: Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Operating Revenue (Rs. Lakh) 3,844 3,143 3,691 10,194 9,987 EBITDA (Rs. Lakh) 1,528 1,008 1,369 3,562 3,501 EBITDA Margin (%) 39.76% 32.07% 37.08% 34.94% 35.05% Number of Rooms 269 269 269 26
Slide 17: Development Properties
Financial Update Investment Properties Development Properties 16
Slide 18: Residential Projects Summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Value Project Residential Projects Est. Area Recognised Till Date on Date till Date Completion till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) Seven 39,550 33,900 5,650 5,000 5,000 100%
Slide 19: Residential Projects: Bookings in Q3FY20
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in Q3FY20 in Q3FY20 for Q3FY20 Q3FY20 in Q3FY20 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 17,601 3 3,552 2,645 3,552 Esquire
Slide 20: Esquire: Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Estimated Total Units (nos.) 882 882 882 882 882 882 Area Booked (sqft) 26,872 18,77
Slide 21: Prisma: Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 91 Area Booked (sqft) 2,602 9,171 - 19,777 22,
Slide 22: Project Status as on Dec 31, 2019
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2019 Artist Impression Artist Impression 21
Slide 23: Maxima: Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY20 9MFY20 Date Estimated Area of Project (sqft.) 4,10,595 4,10,595 4,10,595 Estimated Total Units (nos.) 178 178 178 Area opened for booking (sqft.) 2,95,104 2,95,104 2,95,104 Units opened for booking (nos.) 1
Slide 24: Project Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 23
Slide 25: Project Status as on Dec 31, 2019
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2019 Project status as on Sep 30, 2019 24
Slide 26: Eternia: Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Date Estimated Area of Project (sqft.) 21,48,000 21,48,000 21,48,000 21,48,000 21,48,000 21,48,000 Estimated Total Units (nos.) 1,277 1,277 1,277 1,277 1,277 1,277 Area opened fo
Slide 27: Financial Update
Financial Update Investment Properties Development Properties 26
Slide 28: Project Status as on Dec 31, 2019
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2019 Project status as on Sep 30, 2019 27
Slide 29: Enigma: Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Date Estimated Area of Project (sqft.) 19,89,000 19,89,000 19,89,000 19,89,000 19,89,000 19,89,000 Estimated Total Units (nos.) 662 662 662 662 662 662 Area opened for booking (s
Slide 30: Project Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 29
Slide 31: Sky City: Project Status as on Dec 31, 2019
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2019 Project status as on Sep 30, 2019 Artist Impression 30
Slide 32: Sky City: Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Date Estimated Area of Project (sqft.) 45,93,000 45,93,000 45,93,000 45,93,000 45,93,000 45,93,000 Estimated Total Units (nos.) 2,966 2,966 2,966 2,966 2,966 2,966 Area opened fo
Slide 33: Three Sixty West: Project Status as on Dec 31, 2019
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2019 Amount spent in Q3FY20 : Rs. 87.76 crore 32
Slide 34: Three Sixty West: Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY20 Q2FY20 Q3FY19 9MFY20 9MFY19 Date Estimated Area of Project (sqft.) 22,82,346 22,82,346 22,82,346 22,82,346 22,82,346 22,82,346 * Area Booked (sqft) 10,394 36,127 (2,052) 48,342 84,855 5,99,886 * Units Booke
Slide 35: Oberoi Mall Awards
Oberoi Mall awarded “Best Activation Campaign Brand Experience” – Activation Venues Forum Oberoi Mall awarded “Best Digital Marketing Campaign – Best Use of Videos” – Activation Venues Forum Note: Please refer to Annexure and Disclaimer at the end of the presentation 34
Slide 36: Investor Relations Contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Mayank Kapoor EA to MD and Investor Relations mayank.kapoor@oberoirealty.com For any further information please write to ir@oberoirealty.com or contact on (+91 22) 6677 3333 35
Slide 37: 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 38: 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