Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q4 FY2020 Earnings Presentation
37 slides from Oberoi Realty's earnings presentation, Jul 14, 2020
Slide 1: Result Update Q4FY20
Oberoi Realty Limited Result Update Q4FY20 July 14, 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 FY20 FY19 Non-current assets 4,37,543 4,13,799 Current assets 6,84,596 6,98,572 Total 11,22,139 11,12,371 Equity 8,62,949 8,02,918 Non-current liabilities 20,889 78,817 Current liabilities 2,38,301 2,30,636 T
Slide 4: Cash Flow and Cash Balances
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Opening Cash and Cash Equivalents 27,778 33,897 97,379 76,738 13,251 Operating Cash Flows 6,789 8,114 (11,753) (28,198) 14,556 Investing Cash Flows (3,075) (10,241) (37,611) (3,
Slide 5: Assets Breakdown
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars FY20 FY19 Non-current assets Fixed assets (including CWIP) 1,35,195 1,18,765 Financial assets 2,29,818 2,60,399 Deferred tax assets (net) 9,317 12,995 Other non-current assets 63,213 21,640 Total non-current
Slide 6: Liabilities Breakdown
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars FY20 FY19 Non-current liabilities Financial liabilities i) Borrowings - 58,851 ii) Trade Payables 2,466 2,390 iii) Others 12,260 11,685 Provisions 211 197 Deferred tax liabilities (Net) 2,840 2,600 Other non-
Slide 7: Consolidated Income Statement
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Revenue from Projects 48,445 38,231 43,658 1,68,141 2,06,911 Revenue from Hospitality 2,933 3,822 3,697 13,062 13,514 Revenue from Rent 8,940 9,164 8,798 36,723 32
Slide 8: Key Financial Ratios and Margins
Financial Update Investment Properties Development Properties Particulars FY20 FY19 Adjusted EBITDA* Margin (Including Non Operating 49.35% 51.24% Income) Adjusted EBITDA* Margin (Excluding Non Operating 48.26% 49.75% Income) PAT Margin 30.15% 30.70% RONW# 8.35% 11.67% ROCE# 7.93% 9.69% Gross Debt/E
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 Q4FY20 62.34% 59.68% 95.96% 31.98% -7.99% Total Revenues 62,573 49,452 8,984 3,015 1,122 Adjusted EBITDA* 39,009 29,513 8,622 964 (90) FY20 49
Slide 10: Share Price Performance vs Sensex and BSE Realty Index
Index 20.00 30.00 40.00 50.00 60.00 80.00 90.00 70.00 100.00 110.00 130.00 140.00 150.00 160.00 180.00 190.00 200.00 210.00 220.00 120.00 170.00 20/Oct/10 9/Dec/10 28/Jan/11 19/Mar/11 8/May/11 27/Jun/11 16/Aug/11 5/Oct/11 24/Nov/11 13/Jan/12 Financial Update 3/Mar/12 22/Apr/12 11/Jun/12 31/Jul/12 19
Slide 11: Shareholding Pattern
Financial Update Investment Properties Development Properties Category 31-Mar-20 31-Dec-19 30-Sep-19 30-Jun-19 31-Mar-19 Promoter and Promoter Group 67.70% 67.70% 67.70% 67.70% 67.70% Foreign Institutional Investors (FIIs) 24.91% 25.33% 25.77% 26.07% 25.38% Domestic Institutional Investors (Institut
Slide 12: Investment Properties Overview
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 313,381sqft. GLA: 782,674 sqft. 269 rooms GLA: 552,893 sqft. 11
Slide 13: Investment Properties: Mall Operating Metrics
Financial Update Investment Properties Development Properties Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Operating Revenue (Rs. Lakh) 3,983 4,094 3,896 16,050 15,080 EBITDA (Rs. Lakh) 3,776 3,907 3,737 15,244 14,350 EBITDA Margin (%) 94.80% 95.44% 95.93% 94.98% 95.16% Occupancy (%) 95.00% 96.85% 96.
Slide 14: Investment Properties: Office Operating Metrics
Financial Update Investment Properties Development Properties Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Operating Revenue (Rs. Lakh) 443 668 1,040 3,176 4,163 EBITDA (Rs. Lakh) 384 627 1,010 2,969 4,039 EBITDA Margin (%) 86.71% 93.97% 97.10% 93.50% 97.01% Occupancy (%) 25.61% 50.64% 77.35% 57.65% 7
Slide 15: Investment Properties: Office Operating Metrics
Financial Update Investment Properties Development Properties Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Operating Revenue (Rs. Lakh) 3,217 3,124 2,568 12,354 8,344 EBITDA (Rs. Lakh) 3,043 2,982 2,380 11,699 7,536 EBITDA Margin (%) 94.60% 95.46% 92.70% 94.70% 90.32% Occupancy (%) 100.00% 100.00% 74.
Slide 16: Hospitality Operating Metrics
Financial Update Investment Properties Development Properties Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Operating Revenue (Rs. Lakh) 2,955 3,844 3,718 13,149 13,705 EBITDA (Rs. Lakh) 904 1,528 1,458 4,468 4,959 EBITDA Margin (%) 30.60% 39.76% 39.22% 33.98% 36.18% Number of Rooms 269 269 269 269 269
Slide 17: Development Properties
Financial Update Investment Properties Development Properties 16
Slide 18: Residential Projects Booking Summary
Financial Update Investment Properties Development Properties Revenue Area Available Area Booked Inventory as Booking Value Project Residential Projects Recognised for Booking Till Date on Date till Date Completion till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) Seven 39,550 33,900 5,650
Slide 19: Residential Projects: Bookings in Q4FY20
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in Q4FY20 in Q4FY20 for Q4FY20 Q4FY20 in Q4FY20 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 5,895 1 1,302 132 1,302 Esquire 20,
Slide 20: Esquire Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Date Area available for booking (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Units available for booking (nos.) 882 882 882 882 882 882 Area Booked (sqft) 20,3
Slide 21: Prisma Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Date Area available for booking (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Units available for booking (nos.) 91 91 91 91 91 91 Area Booked (sqft) 7,806 2,602 - 27
Slide 22: Project Status as on Mar 31, 2020
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2020 Project status as on Dec 31, 2019 Artist Impression 21
Slide 23: Maxima Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY20 Q3FY20 FY20 Date Area available for booking (sqft.) 4,10,595 2,95,104 4,10,595 4,10,595 Units available for booking (nos.) 178 129 178 178 Area Booked (sqft) 9,139 13,803 22,942 22,942 Units Booked (nos.) 4
Slide 24: Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 23
Slide 25: Project Status as on Mar 31, 2020
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2020 Project status as on Dec 31, 2019 24
Slide 26: Eternia Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Date Area available for booking (sqft.) 17,67,640 15,77,120 11,82,710 17,67,640 11,82,710 17,67,640 Units available for booking (nos.) 1,068 956 725 1,068 725 1,068 Area Booked (sqft
Slide 27: Financial Update
Financial Update Investment Properties Development Properties 26
Slide 28: Project Status as on Mar 31, 2020
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2020 Project status as on Dec 31, 2019 27
Slide 29: Enigma Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Date Area available for booking (sqft.) 17,45,682 15,48,278 12,93,560 17,45,682 12,93,560 17,45,682 Units available for booking (nos.) 589 524 444 589 444 589 Area Booked (sqft) 13,6
Slide 30: Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 29
Slide 31: Sky City Project Status as on Mar 31, 2020
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2020 Project status as on Dec 31, 2019 Artist Impression 30
Slide 32: Sky City Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Date Area available for booking (sqft.) 28,87,679 28,80,812 25,62,120 28,87,679 25,62,120 28,87,679 Units available for booking (nos.) 1,834 1,830 1,641 1,834 1,641 1,834 Area Booked
Slide 33: Three Sixty West Project Status
Financial Update Investment Properties Development Properties Project Status as on Mar 31, 2020 Amount spent in Q4FY20 : Rs. 45.20 crore 32
Slide 34: Three Sixty West Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY20 Q3FY20 Q4FY19 FY20 FY19 Date Area available for booking (sqft.) 22,82,346 22,82,346 22,82,346 22,82,346 22,82,346 22,82,346 * Area Booked (sqft) 1,860 10,394 24,420 50,202 1,09,275 6,01,746 * Units Booked (
Slide 35: 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 34
Slide 36: 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 37: 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