Brigade Enterprises Limited · NSE:BRIGADE
Brigade Enterprises — Investor Presentation (September 2019)
27 slides from Brigade Enterprises's investor presentation, Sep 27, 2019
Slide 1: Exchange filing cover letter: Presentation - Investor Meet
Brigade Enterprises Limited y Corporate Identity Number (CIN): L85110KA1995PLC019126 — = =—=— Registered Office : 29th & 30th Floors, World Trade Center Brigade Gateway Campus, 26/1, Dr. Rajkumar Road Malleswaram-Rajajinagar, Bengaluru - 560 055, India T: +91 80 4137 9200 F: +91 80 2221 0784 BRIGADE
Slide 2: Brigade Enterprises Ltd Investor Meet 2019
BRIGADE ENTERPRISES LTD INVESTOR MEET 2019 27th September 2019 Disclaimer: The information in this presentation contains certain forward‐looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditures. These stat
Slide 3: The World of Brigade
Wy THE WORLD OF ‘BRIGADE?’ sRIGADE HOSPITALITY PRESENCE ACROSS > BRIGADE SCHOOLS pp MALLS & RETAIL =0 —— 25,000 HAPPY FAMILIES RESIDENTIAL OFFICE SPACE BRIGADE REAP REAL ESTATE ACCELERATOR PROGRAM india music EXPERIENCE dl [Fad PIONEERS vd WORLD TRADE CENTER” =or= INTEGRATED ENCLAVES
Slide 4: Overview
OVERVIEW One of India’s leading and trusted multi – asset Portfolio of over 100 Million Sft class Real Estate Developers Total Portfolio Residential, Office, SEZ, Retail, Hospitality, Senior Living, Real Estate Tech Accelerator, Brigade Foundation Trust 26% Completed over 66 Million sft of Developab
Slide 5: Vision, Mission & Values
VISION, MISSION & VALUES OUR SHARED MISSION OUR SHARED VISION To constantly endeavour to be the To be a World Class preferred developer of Residential, Organization in our Products, Commercial and Hospitality spaces in the Processes, People & markets in which we operate, without Performance compromi
Slide 6: Board of Directors
BOARD OF DIRECTORS M R Jaishankar Githa Shankar Chairman and Managing Wholetime Director Director Master’s in Business Masters in Business Administration Administration. Promoter of Brigade Group Promoter of Brigade Group Lakshmi Venkatachalam Dr. Venkatesh Panchapagesan Independent Director
Slide 7: Board of Directors
BOARD OF DIRECTORS Pavitra Shankar Nirupa Shankar Executive Director Executive Director MBA in Real Estate & Finance from Masters of Management in Columbia Business School, USA Hospitality from Cornell University. Part of Promoter Group Part of Promoter Group Aroon Raman Amar Mysore Independ
Slide 8: Executive Management
EXECUTIVE MANAGEMENT Roshin Mathew Atul Goyal Executive Director & President – Chief Financial Officer Engineering Shashie Kumar S Vineet Verma Chief Operating Officer ‐ Retail Executive Director ‐ Hospitality Subrata K C Sharma Rajendra Joshi Chief Operating Officer ‐ Chief Executive Officer ‐ Comm
Slide 9: Executive Management
EXECUTIVE MANAGEMENT Viswa Pratap Desu Om Prakash Chief Sales officer Company Secretary & Compliance Officer Pramodh Karumbaiah Pradyumna Krishnakumar Chief Human Resource Officer Vice President – Chairman’s Office 8
Slide 10: Completed Projects Delivered
COMPLETED PROJECTS DELIVERED Area in Million sft 25 12 12 6 3 2 2 1 1 1 1 1996‐2000 2001‐2005 2006‐2010 2011‐2015 2016‐2019 Real Estate Commercial‐Lease Hospitality 9
Slide 11: Performance Trend After Listing
PERFORMANCE TREND AFTER LISTING 30,273 Revenue (Rs in Million) EBIDTA (Rs in Million) CAGR CAGR 18% 17% 20,707 20,584 19,455 13,308 9,667 8,346 8,442 6,510 6,086 5,912 5,070 5,299 5,229 4,087 3,914 4,031 2,579 3,184 2,815 2,312 1,500 1,168 1,421 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
Slide 12: Summary – Ongoing Projects
SUMMARY – ONGOING PROJECTS PROJECT AREA Area rounded off to nearest million sft BRIGADE ECONOMIC Hospitality SEGMENT AREA Lease Rentals INTEREST 2% Real Estate 13 10 30% Lease Rental 6 3 Hospitality 1 1 68% Total 20 14 Real Estate 11
Slide 13: Upcoming Projects - Next 4 Quarters
UPCOMING PROJECTS ‐ NEXT 4 QUARTERS PROJECT AREA Area rounded off to nearest million sft Hospitality BRIGADE ECONOMIC Lease Rentals SEGMENT AREA 3% INTEREST 28% Real Estate 6 4 Lease Rental 3 2 69% Hospitality 1 1 Total 10 7 Real Estate 12
Slide 14: Deployment of Funds – June 19
DEPLOYMENT OF FUNDS – JUNE 19 Amounts are in Rs. Million CAPITAL D/E OPERATING CAPITAL EBITDA / SEGMENT EQUITY DEBT EMPLOYED RATIO EMPLOYED (OCE)* OCE % Real Estate 13,552 6,807 20,359 0.53 20,759 23% Hospitality 3,795 5,370 9,165 1.31 7,647 11% Lease Rental 12,025 22,567 34,592 1.88 13,990 16% (‐)
Slide 15: Consolidated Debt Profile
CONSOLIDATED DEBT PROFILE Amounts are in Rs. Million PARTICULARS JUNE‐19 Real Estate 6,807 Hospitality 5,370 GOP Securitised 4,370 Capex 1,000 Leasing 22,567 Securitised Lease Rental 12,414 Capex 10,153 (‐) Liquid Investments 3,425 Net Debt 31,319 (‐) SPV Partner’s share of debt 5,084 Exposure of BE
Slide 16: Residential
RESIDENTIAL 15
Slide 17: Sales Trend
SALES TREND Q‐o‐Q Sales Area (‘000 sft) 1,132 958 804 776 426 427 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q‐o‐Q Sales Value (Rs. Mn) 5,933 5,198 4,597 4,458 2,347 2,185 16 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20
Slide 18: Residential Development Mix
RESIDENTIAL DEVELOPMENT MIX UNSOLD AREA MIX AS ON JUNE‐19 TYPE BUDGET (Rs.) TOTAL AREA Luxury > 1.5 Cr 14% Mid Income 0.65 to 1.5 Cr 65% Affordable <0.65 Cr 21% Housing Brigade Lakefront UPCOMING LAUNCHES AREA MIX TYPE BUDGET (Rs.) TOTAL AREA Luxury > 1.5 Cr 7% Mid Income 0.65 to 1.5 Cr 66% Affordab
Slide 19: Commercial Lease
COMMERCIAL LEASE 18
Slide 20: Office - Exit Rentals FY22
OFFICE ‐ EXIT RENTALS FY22 Amounts are in Rs. Million BRIGADE ECONOMIC PARTICULARS RENT PER ANNUM INTEREST WTC Bangalore 800 800 Brigade Bhuwalka Icon 95 95 Brigade Opus 290 290 Brigade Broadway 15 15 Brigade Financial Centre @ Gift City 130 130 WTC Kochi 370 370 Others 20 20 Total – A (Operational
Slide 21: Retail - Exit Rentals FY22
RETAIL ‐ EXIT RENTALS FY22 Amounts are in Rs. Million BRIGADE ECONOMIC PARTICULARS RENT PER ANNUM INTEREST Orion Mall Brigade Gateway 1,125 1,125 Orion Avenue Mall 70 70 Brigade Vantage Chennai 40 40 Total – D (Operational Projects) 1,235 1,235 Orion Uptown Mall 150 150 Total – E (Under Construction
Slide 22: Operational Assets – June 2019
OPERATIONAL ASSETS – JUNE 2019 Area in Million Sft PARTICULARS LEASABLE AREA LEASED TO BE LEASED WTC Bangalore 0.6 0.6 ‐ Brigade Bhuwalka Icon 0.2 0.2 ‐ Brigade Opus 0.3 0.2 0.1 Brigade Financial Centre ‐ GIFT City 0.3 ‐ 0.3 WTC Kochi 0.8 0.5 0.3 Brigade Broadway 0.1 ‐ 0.1 Others 0.1 0.1 ‐ Total Off
Slide 23: Hospitality
HOSPITALITY 22
Slide 24: Overview
OVERVIEW Operator(s) Brand(s) Portfolio Properties Keys Sheraton Grand 230 Bengaluru Four Points by Sheraton 218 Kochi Grand Mercure Bengaluru 126 Mysuru 146 GIFT City# 151 ibis Styles Mysuru# 139 BIAL# 166 Holiday Inn 202 Chennai* Race Course Bengaluru 272 Holiday Inn Express & Suites OMR, Bengalur
Slide 25: Revenue Trend - Actuals
REVENUE TREND ‐ ACTUALS Amounts are in Rs. Million 1,194 976 3,089 CAGR 29% 2,371 502 356 356 356 356 356 1,930 2,416 1,628 1,817 126 126 1,483 1,330 1,880 1,010 1,342 1,463 1,167 1,165 1,060 460 830 330 330 491 674 200 318 461 476 467 130 130 180 270 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17
Slide 26: New Ventures
NEW VENTURES CoWorking Accelerator Catering Facility Mgmt. 2,500+ seats Asia’s first Meals per ~ 7 Million sft in 4 cities by real estate day: 15,000 of Office Space end of proptech Over 1 Million Senior Living FY2020 sft of Retail 25
Slide 27: Thank You
Brigade Enterprises Ltd 29th & 30th Floor, WTC Bangalore, Brigade Gateway Campus, 26/1, Dr. Rajkumar Road, Malleswaram‐Rajajinagar, Bangalore ‐560 055. Phone: 91‐80‐4137 9200 Fax: 91‐80‐2221 0784 www.brigadegroup.com THANK YOU Disclaimer: The information in this presentation contains certain forward
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