Brigade Enterprises Limited · NSE:BRIGADE
Brigade Enterprises — FY2013 Earnings Presentation
21 slides from Brigade Enterprises's earnings presentation, 2013
Slide 1: Investor Presentation FY12-13
INVESTOR PRESENTATION FY12‐13
Slide 2: Brigade Enterprises Ltd. A Multi Dimensional Organization
BRIGADE ENTERPRISES LTD. A MULTI DIMENSIONAL ORGANIZATION 26 years in Property development A Brand that stands for Innovation, Quality & Trust Eminent Personalities on the Board of Directors Listed in BSE & NSE in December 2007 Completed more than 100 Buildings Over 20 million sft of area developed
Slide 3: Financial Snapshot
FINANCIAL SNAPSHOT Q4 13 on Q4 13 on YTD 13 on Particulars Q4 ‐13 Q3‐13 Q4‐12 YTD 13 YTD 12 Q3 13 Q4 12 YTD 12 Rs. Mn Rs. Mn Rs. Mn Rs. Mn Rs. Mn Turnover 2,994 1,591 1,332 7,881 6,093 88% 125% 29% EBIDTA 720 487 296 2,151 1,778 48% 143% 21% Interest 195 211 159 829 604 ‐8% 23% 37% Profit after Int
Slide 4: Segment Profit Analysis
SEGMENT PROFIT ANALYSIS For the year ended Mar 2013 Rs. in Million Particulars Real Estate Hospitality Lease rentals Total Revenue 5,843 1,074 964 7,881 Expenses 4,152 283 ‐ 4,435 Gross profit 1,690 792 964 3,446 Admin Expenses 325 162 147 635 Employee cost 428 202 30 660 EBIDTA 936 428 787 2,151 In
Slide 5: Deployment of Funds
DEPLOYMENT OF FUNDS For the year ended Mar 2013 *Rs. in Million Capital PBD/Eq EBIDTA/CE Segment Equity* Debt* D/E Ratio Employed* % % Real Estate 6,197 3,910 10,107 0.63 12.90% 9.26% Hospitality 1,458 1,644 3,102 1.12 11.80% 13.80% Lease Rental 4,426 4,295 8,721 0.97 7.90% 9.02% Total 12,081 9,849
Slide 6: Loan Movement
LOAN MOVEMENT Rs. in Million Qtr Qtr Qtr Qtr Qtr ended Qtr ended Movement of Loan ended ended ended ended Dec 11 Mar 12 June 12 Sept 12 Dec 12 Mar 13 Opening Balance 8,012 8,537 8,508 9,226 9,168 8,813 Availed 1,494 675 1,399 1,805 425 1,718 Repaid 968 705 682 1,862 780 682 Closing Balance 8,537 8,5
Slide 7: Debt & Cost Movement as on Mar'13
DEBT & COST MOVEMENT AS ON MAR’13 Rs. in Million 9,600 14.00% 9450 13.86% 9,400 13.80% 9,226 9,168 13.60% 9,200 13.55% 13.40% 9,000 13.31% 8,813 13.20% 8,800 13.11% 13.06% 13.00% 8,600 8,537 8,508 12.78% 12.80% 8,400 12.60% 8,200 12.40% 8,000 12.20% Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Debt Int
Slide 8: YoY Quarterly Sales Analysis (sft)
YoY QUARTERLY SALES ANALYSIS (sft) *Area – Sft in 1,000 Type Q1 FY12‐13 Q2 FY12‐13 Q3 FY12‐13 Q4 FY12‐13 Total Residential 300 271 297 537 1,405 Commercial 151 79 125 108 463 Total 451 350 422 645 1,868 Q1 FY11‐12 Q2 FY11‐12 Q3 FY11‐12 Q4 FY11‐12 Residential 179 347 314 309 1,150 Commercial 88 155 7
Slide 9: YoY Quarterly Sales Analysis (Rs.)
YoY QUARTERLY SALES ANALYSIS (Rs.) Rs. in Million Type Q1 FY12‐13 Q2 FY12‐13 Q3 FY12‐13 Q4 FY12‐13 Total Residential 1,089 1,002 1,076 2,322 5,489 Commercial 924 376 554 518 2,372 Total 2,013 1,378 1,630 2,840 7,861 Avg Rate psf Rs. 4,464 3,937 3,863 4,406 4,209 Q1 FY11‐12 Q2 FY11‐12 Q3 FY11‐12 Q4 F
Slide 10: Lease Details as of March 13
LEASE DETAILS AS OF MARCH 13 *Area in Million sft Leasable Project Leased Area* Pipeline* Area* WTC 0.56 0.25 0.31 Brigade South Parade 0.11 0.08 0.03 Orion Mall 0.82 0.75 0.07 Brigade Summit 0.02 ‐ ‐ Others 0.02 0.02 ‐ Total 1.53 1.10 0.41
Slide 11: Hospitality
HOSPITALITY Grand Mercure Sheraton Bangalore Details FY 2012‐13 FY 2011‐12 FY 2012‐13 FY 2011‐12 No of Keys 126 126 230 230 Occupancy 82% 84% 63% 58% ARR (Rs.) 6,682 6,616 7,603 7,073 GOP 51.00% 47.80% 35.40% 25.50%
Slide 12: Ongoing Projects – Summary
ONGOING PROJECTS – SUMMARY As on March 2013 Area in Sft Projects Project Area LO/JV Share BEL’s Share Residential projects 53,94,552 8,81,822 45,12,730 Brigade Orchards (SPV) 11,51,614 5,75,807 5,75,807 Total Residential 65,46,166 14,57,629 50,88,537 Brigade Rubix (Retail) 74,440 ‐ 74,440 Banaswadi‐
Slide 13: Capex Commitment as on March 13
CAPEX COMMITMENT AS ON MARCH 13 Rs. in Million Balance to be Projects Estimated Cost Cost Incurred Loan Tie‐up Incurred Brigade Rubix (Retail) 219 174 45 ‐ Brigade Banaswadi‐Retail 716 297 419 644 Brigade Magnum 1,419 89 1,330 * 1,000 Brigade Vantage, Mysore 243 89 154 ‐ Brigade Vantage Chennai 416
Slide 14: Summary – Ongoing Residential Projects (1)
SUMMARY – ONGOING RESIDENTIAL PROJECTS (1) Ongoing Particulars Stock Sales Total UOM Projects Total super built‐up area of launched 5.39 0.32 5.71 Mn Sft project on sale basis Less: LO Share 0.88 ‐ 0.88 Mn Sft Co share of saleable area 4.51 0.32 4.83 Mn Sft Sold till March 13 2.43 ‐ 2.43 Mn Sft To b
Slide 15: Summary – Ongoing Residential Projects (2)
SUMMARY – ONGOING RESIDENTIAL PROJECTS (2) Ongoing Particulars Stock Sales Total UOM Projects Revenue Recognised till Mar 13 2,814 ‐ 2,814 Rs. Mn Revenue to be Recognised (incl unsold 15,876 1,665 17,540 Rs. Mn units) Estimated cost for the projects (incl 12,943 1,271 14,214 Rs. Mn Land/NRD) Cost in
Slide 16: Operating Cashflow Analysis
OPERATING CASHFLOW ANALYSIS Ongoing Completed Description Total Projects Projects Total super built‐up area of launched project on sale basis (in Sft) 53,94,552 BEL share of saleable area (in Sft) 45,12,730 Total area sold till Mar2013 (in Sft) 24,34,380 Unsold area (in Sft) 20,78,350 3,18,106 23,96
Slide 17: Land Bank Details
LAND BANK DETAILS Land Area Total Cost* Paid Payable Location (In Acres) (Rs. Million) (Rs. Million) (Rs. Million) Bangalore 272 6,449 5,760 689 Chennai 57 750 400 350 Cochin 18 63 63 ‐ Mangalore 25 45 45 ‐ Mysore 36 146 139 7 Total 408 7,453 6,407 1,046 * Includes Refundable/Non Refundable Deposits
Slide 18: Developable Land Bank
DEVELOPABLE LAND BANK Developable Area BEL’s Share in Area Type No. of Projects (Million sft) (Million sft) Residential 29 26 19 Office ‐ Sale 5 2 1 Office ‐ Lease 9 6 6 Retail 3 1 0 Hotel 3 1 1 Total 49 35 27 Developable Area BEL’s Share in Area Type No. of Projects (Million sft) (Million sft) Bang
Slide 19: New Projects to be Launched FY13-14 (1)
NEW PROJECTS TO BE LAUNCHED FY13‐14 (1) Project Expected Launch Project City Land Area BEL Share Area Date In Acres Sft in Mn Sft in Mn Brigade Golden Triangle Bangalore 10 0.97 0.68 Q‐1 Phase‐1 Brigade Lakefront Phase ‐1 Bangalore 17 1.60 1.12 Q‐1 Brigade Palmgrove‐town Mysore 2 0.09 0.07 Q‐2 house
Slide 20: New Projects to be Launched FY13-14 (2)
NEW PROJECTS TO BE LAUNCHED FY13‐14 (2) Expected Project City Land Area Project Area BEL Share Launch Date In Acres Sft in Mn Sft in Mn Brigade Bhuwalka Bangalore 1 0.08 0.04 Q‐2 Retail Brigade Metropolis‐ Bangalore 4 0.46 0.23 Q‐2 Annex Brigade Bhuwalka Icon Bangalore 2 0.28 0.14 Q‐3 Brigade SEZ, P
Slide 21: Thank You
THANK YOU Brigade Enterprises Ltd K Suresh 29th & 30th Floor, World Trade Centre, Chief Financial Officer Brigade Gateway Campus, Email: sureshkris@brigadegroup.com 26/1, Dr. Rajkumar Road, Malleswaram‐Rajajinagar, Om Prakash P Bangalore ‐560 055. Company Secretary Phone: 91‐80‐4137 9200 Email: ompr