Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q3 FY2021 Earnings Presentation
38 slides from Godrej Properties's earnings presentation, Feb 4, 2021
Slide 1: Exchange cover letter: Investors Presentation & Press Release
Godrej Properties Limited Regd. Office: Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai-400 079. India Tel.:+ 91-22-6169 8500 Fax:+ 91-22-6169 8888 Website: www.godrejproperties.com CIN:L74120MH1985PLC035308 February 04, 2021 BSELimited Phiroze Jeejeebhoy Towers,
Slide 2: Results Presentation Third Quarter, Financial Year 2021
R E S U LT S P R E S E N T A T I O N THIRD QUARTER, FINANCIAL YEAR 2021 1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY19
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operation
Slide 4: Agenda
AGENDA Overview 01 Q3 FY21 Operational Highlights 02 Q3 FY21 Financial Highlights 03 Annexure 04 3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY21
Slide 5: Godrej Group
GODREJ GROUP Established in 1897 Value Creation Track Record $5 billion in annual revenue 19 year CAGR in ` 1 invested in Particulars stock price June 2001 is now worth 1.1 billion people globally use a Godrej product1 BSE Sensex 15% 14 Godrej ranks amongst the most trusted Indian brands2 Go
Slide 6: Godrej Properties
GODREJ PROPERTIES Established in 1990 Indias largest publicly listed developer by booking value over the past five years Chandigarh 0.5, 1 NCR Successfully delivered ~21 million sq. ft. of real estate in the 27.0, 15 past five years ~186 million sq. ft. of saleable area across India Ahmedab
Slide 7: Strengths
STRENGTHS 1.1 billion people globally use a Godrej product1 Godrej Brand Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report GPL brings the Godrej brands reputation for trust, quality and corporate governance to the real estate sector Effective Comp
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL’s IPO would be worth ~ 10x an identical investment into the BSE Realty Index Value Creation Track Record 11 year CAGR in ` 1 invested in Particulars stock price January 2010 is now worth BSE Sensex 9.5% 2.73 Godrej Properties 18.1% 6.21 BSE Realty Index -3.9%
Slide 9: Agenda
AGENDA Overview 01 Q3 FY21 Operational Highlights 02 Q3 FY21 Financial Highlights 03 Annexure 04 8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY21
Slide 10: Q3 FY21 Operational Highlights
Q3 FY21 OPERATIONAL HIGHLIGHTS Launched 3 new projects/phases in Q3 FY21, and 4 new projects/phases in 9M FY21 Sales Highlights Sales booking for Q3 FY21 and 9M FY21 stood at INR 1,488 crore (up 25% YoY) and INR 4,093 crore (up 16% YoY), respectively Added two new residential projects in Banga
Slide 11: Sales Highlights
SALES HIGHLIGHTS Particulars Q3 FY21 Q3 FY20 Growth Q2 FY21 Growth 9M FY21 9M FY20 Growth Area Sold (sq. ft.) 2,395,688 1,583,124 51% 1,728,995 39% 6,636,971 5,189,054 28% Booking Value (INR Cr) 1,488 1,189 25% 1,074 38% 4,093 3,532 16% Strong response to new project/phase launches Godrej Green Cove
Slide 12: Project Booking
PROJECT BOOKING Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Residential Projects Q3 FY21 9M FY21 Q3 FY21 9M FY21 Godrej Green Cove, Pune 522,048 522,048 312 312 Godrej Retreat, NCR 491,145 491,145 279 279 The Highlands/Godrej City, Panvel 373,814 418,190 244 273 Godrej Royale Woods, Ba
Slide 13: Project Booking (Contd.)
PROJECT BOOKING (Contd.) Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Commercial Projects Q3 FY21 9M FY21 Q3 FY21 9M FY21 Godrej BKC, MMR 10,463 10,463 38 38 Godrej Eternia, Chandigarh 3,743 10,062 2 7 Godrej Genesis, Kolkata -24,845 -24,845 -12 -12 Total -10,639 -4,320 28 33 Grand Tota
Slide 14: Quarterly Sales Trend
QUARTERLY SALES TREND Quarterly Sales Value 3,000 2,500 2,383 2,161 (INR cr) 2,000 1,446 1,531 1,488 1,500 1,189 1,074 1,000 897 500 0 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Quarterly Sales Volume 4.0 3.7 3.6 3.5 3.0 (Million sq. ft.) 2.5 2.4 2.5 2.3 2.0 1.7 1.6 1.5 1.3 1.0
Slide 15: Business Development
BUSINESS DEVELOPMENT Added two new projects with saleable area of ~4.1 million sq. ft. in Q3 FY21 Sarjapur, Bangalore • The project is an outright purchase of land in Sarjapur, Bangalore which has established itself as one of the most preferred residential locations with good connectivity to the Out
Slide 16: Launch Tracker FY21
LAUNCH TRACKER FY21 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New Project Launches Planned in FY21 New Phase Launches Planned in FY21 Project City Launch Project City Launch Status Area* Status Area* Godrej Royale Woo
Slide 17: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered ~1.3 million sq. ft. across 2 cities in Q3 FY21 Godrej Air – Phase 1, Bangalore Godrej 101, NCR 0.66 million sq. ft. 0.63 million sq. ft. GPL Economic Interest: GPL Economic Interest: Revenue Based - Profit Sharing - 50% 65% (GPL owns 25.1% of equity in the project
Slide 18: Global Recognition for Sustainability Initiatives
GLOBAL RECOGNITION FOR SUSTAINABILITY INITIATIVES Ranked #1 globally amongst listed residential developers by GRESB (Global Real Estate Sustainability Benchmark) - An industry-driven organization which assesses Environmental, Social and Governance (ESG) performance of real assets globally GRESB is
Slide 19: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 19 awards in Q3 FY21 and a total of 27 awards in 9M FY21 ILLUSTRATIVE LIST OF AWARDS GODREJ PROPERTIES • Green Developer of the Year ( National ) Estrade Real Estate Award 2020 • The IACC COVID Crusaders Awards 2020 For serving humanity during ongoing COVID 19 PR
Slide 20: CSR Initiatives - Good & Green
CSR INITIATIVES - GOOD & GREEN The VCS Sustainable Agricultural Land Management (SALM) project implemented by Godrej Properties Ltd., in the Beed district of Maharashtra, has been accepted to register under Verified Carbon Standard, as a climate change Voluntary Carbon mitigation and adaptation pr
Slide 21: Agenda
AGENDA Overview 01 Q3 FY21 Operational Highlights 02 Q3 FY21 Financial Highlights 03 Annexure 04 20 | GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY21
Slide 22: Consolidated Financial Statements - P&L
CONSOLIDATED FINANCIAL STATEMENTS – P & L (INR Cr) Particulars Q3 FY21 Q3 FY20 % Change Q2 FY21 % Change 9M FY21 9M FY20 % Change Total Income 306 491 -38% 238 29% 709 1,569 -55% Adjusted EBITDA* 96 177 -46% 82 17% 222 582 -62% EBITDA** 81 151 -46% 77 6% 198 481 -59% Profit before tax 31 88 -64% 23
Slide 23: Consolidated Cashflow
CONSOLIDATED CASHFLOW (INR Cr) Notes Particulars Q3 FY21 9M FY21 Operating cashflow Total operating cash inflow 1,257 2,361 A Operating cash outflow Construction and related outflow (514) (1,195) Other project related outflow (298) (1,059) Total operating cash outflow (812) (2,254) Net operating cas
Slide 24: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 31.12.2020 As on 31.03.2020 A Assets Unaudited Audited 1 Non Current assets a Property, plant & equipment 80.56 77.89 b Capital Work-in-Progress 202.41 160.86 c Right-of-Use Asset 29.90 3.76 d Investment Property 9.48 9.79 e Go
Slide 25: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 31.12.2020 As on 31.03.2020 B Equity and Liabilities Unaudited Audited 1 Equity a Equity share capital 126.04 126.01 b Other equity 4,685.33 4,681.78 c Non-controlling interest - - Total Equity 4,811.37 4,807.79 2 Liabilities 2
Slide 26: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators Particulars Q3 FY2021 Q3 FY2020 Q2 FY2021 9M FY2021 9M FY2020 Adjusted EBITDA / Total Income* 31.4% 36.0% 34.6% 31.3% 37.1% EBITDA / Total Income** 26.6% 30.7% 32.3% 27.9% 30.6% PBT Margin % 10.3% 17.9% 9.5% 5.5% 19.2% Net Profit Margin %# 4.7% 9.5% 3.0% 0
Slide 27: Agenda
AGENDA Overview 01 Q3 FY21 Operational Highlights 02 Q3 FY21 Financial Highlights 03 Annexure 04 26 | GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY21
Slide 28: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) Phase I to IV: Area Based - 73.6% 1 Godrej Garden City* Ahmedabad Residential 14.80 Own Phase V: Revenue Based - 67.6% Ongoing Phase VI: onwards - 17% of Reve
Slide 29: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 18 Sarjapur 4 Bangalore Residential 1.60 Own 100% owned project Forthcoming 19 Whitefield Bangalore Residential 2.50 Own 100% owned project, 5.4% area share t
Slide 30: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 34 Godrej Park Mumbai Residential 0.77 Own Revenue Based – 56.5% Forthcoming 35 Godrej Vihaa Mumbai Res idential 1.30 DM DM Fee – 10% of Revenue Ongoing Profi
Slide 31: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 51 Godrej Nirvaan Mumbai Residential 2.42 JV Profit Share - 50% Ongoing 52 Taloja Mumbai Residential 7.50 JV Profit Share - 55% Forthcoming 53 Ambernath Mumba
Slide 32: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 68 Godrej Infinity Pune Residential 2.80 JV Profit Sharing - 35% Ongoing Revenue Based 96% (GPL owns 49% equity in project 69 Godrej 24 Pune Residential 0.73
Slide 33: B. Commercial Projects
B. COMMERCIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) Phase I to IV: Area Based 73.6% 1 Godrej Garden City* Ahmedabad Residential 2.40 Own Phase V : Revenue Based - 67.6% Ongoing Phase VI : onwards - 17% of Revenu
Slide 34: Thank You
THANK YOU For further information, please contact: Rajendra Khetawat Godrej Properties Limited Tel: +91 22 6169 8500 Fax: +91 22 6169 8888 Email: rajendra@godrejproperties.com 38 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY19
Slide 35: Press Release: Consolidated Financials for Q3 FY21 and 9M FY21
GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai – 400079 PRESS RELEASE Consolidated Financials for Q3 FY21 and 9M FY21 Results Total booking value stood at INR 1,488 crore (25
Slide 36: Press Release: Business Development
Business Development Added 2 new projects with saleable area of ~4.1 million sq. ft. in Q3 FY21 Sarjapur, Bangalore The project is an outright purchase of land in Sarjapur, Bangalore which has established itself as one of the most preferred residential locations with good connectivity to the Outer
Slide 37: Press Release: Chairman commentary and financial overview
Commenting on the performance of Q3 FY2021, Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said: “The real estate sector has recovered from the initial impact of the pandemic. Government action to reduce stamp duties and premiums in Maharashtra combined with a higher intent towa
Slide 38: About Godrej Properties Limited
About Godrej Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 123–year legacy of excellence and trust with a commitment to cutting edge design, technology,