Slide 1: Exchange filing cover letter for Q3 FY20 results presentation
Creation, not consnudion. To, to, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationship Department, 'Exchange Plaza', 1't Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai
Slide 2: Bigger. Better. Faster. Q3 & 9M FY20 Results Presentation
BIGGER. BETTER. KOLTE-PATIL DEVELOPERS FASTER. THE STORY OF HOW WE ARE BUILDING ONE OF INDIA’S MOST SUSTAINABLE REAL ESTATE DEVELOPING COMPANIES LIMITED Q3 & 9M FY20 Results Presentation
Slide 3: Disclaimer
2 Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 4: Table of Contents
Table of Contents 3 KPDL – A Different Way of Doing Business 1 CEO’s Message 2 Operational & Performance Highlights 3 Launch Calendar 4 P&L / Balance Sheet Snapshot 5 Project-wise Details 6 Outlook 7 About Kolte-Patil Developers Ltd. 8
Slide 5: KPDL – A Different Way of Doing Business
KPDL – A Different Way of Doing Business 4 Self-sustaining ≈ Efficient working capital management ≈ Growth in sales volume, value, growth engine ≈ Timely execution collections with low leverage and ≈ Sound capital allocation - focused on P&L no dilution accretive Business Development ≈ ROCE of 15-18
Slide 6: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance 5 #1 3 Decades 26 MSF Residential real estate player in Pune Project portfolio - under execution, (Awarded as Most Reputed Brand in Pune) of presence being incorporated in 1991 approval and land bank Shareholding FII’s 14.35% >20 MSF 15-18% A+/Positive DII/Others
Slide 7: CEO's Message
“Happy to share, as envisaged we have delivered strong sales of 0.82 msf in Q3 FY20 driven by Life Republic, Ivy Estate and Opula. Notably, we have achieved this performance in a subdued consumer market through sustenance sales which is a testament to our brand equity and robust sales machinery buil
Slide 8: Operational Highlights – Q3 FY20
Operational Highlights – Q3 FY20 7 New area sales Q3 FY20 Q2 FY20 Q3 FY19 YoY QoQ 9M FY20 9M FY19 YoY Volume (million sq. ft.) 0.82 0.50 0.80 2.3% 65.8% 1.82 2.03 -10.3% Value (Rs. million) 4,084 2,678 4,175 -2.2% 52.5% 9,599 10,763 -10.8% Realization (Rs./Sq. ft.) 4,966 5,401 5,196 -4.4% -8.1% 5,26
Slide 9: Launch Calendar - Mumbai
Launch Calendar - Mumbai 8 Targeted Gross Details (including partner’s share) Project Location Use Milestones achieved Further milestones Launch Tree NOC Intimation of Disapproval (IOD) - in process Chief Fire Officer NOC Sagar Dahisar Residential Q1FY21 EETC (Parking) NOC Vaibhav (West) Ministry of
Slide 10: Launch Calendar - Pune
Launch Calendar - Pune 9 Targeted Project Location Use Status Launch Considering location and available potential, strategically changed land use from residential to commercial. Sanctioned GIGA Viman Nagar Commercial H1 FY21 plan with local authority is approved; awaiting UD level approval Supreme C
Slide 11: Performance Highlights – Q3 FY20
Performance Highlights – Q3 FY20 10 Revenue, Rs. Crore EBITDA, Rs. Crore PAT, Rs. Crore Q3 FY19 283 Q3 FY19 78 Q3 FY19 34 Q4 FY19 380 Q4 FY19 102 Q4 FY19 46 Q1 FY20 308 Q1 FY20 68 Q1 FY20 45 Q2 FY20 302 Q2 FY20 56 Q2 FY20 24 Q3 FY20 337 Q3 FY20 77 Q3 FY20 38 Note: The Company has adopted IND AS 115
Slide 12: New Sales Analysis – Q3 FY20
New Sales Analysis – Q3 FY20 11 msf. 0.59 0.49 0.46 0.77 0.80 0.63 0.51 0.50 0.82 100% 3% 3% 11% 3% 8% 5% 5% 5% 5% 3% 8% 13% 9% 1% 7% 2% 26% 11% 16% 80% 30% 16% 38% 60% 41% 50% 36% 62% 24% 42% 40% 55% 63% 28% 10% 34% 43% 20% 15% 37% 13% 16% 27% 16% 13% 14% 11% 9% 12% 0% Q3 FY2018 Q4 FY2018 Q1 FY2019
Slide 13: Abridged Cash Flows
Abridged Cash Flows 12 Q3 FY20 9M FY20 Abridged Cashflows - Unaudited (Rs. crore) (Un-Audited) (Un-Audited) Opening Balance 108 67 Operating Cashflow Collections 307 943 Construction Cost -134 -429 Other Expenses -61 -176 Direct & Indirect Taxes -38 -75 Financing & Investing Activities* Interest -15
Slide 14: Consolidated Debt Profile
Consolidated Debt Profile 13 Consolidated Debt Profile (Rs. crore) 31st December, 2019 31st March, 2019 CCM POCM^ CCM POCM^ Net Worth 923 1,199 840 1,100 Gross Debt 780 780 807 807 Less: OCD / CCD1 / OCRPS / Zero Coupon 196 196 224 224 NCD* Debt 584 584 583 583 Less: Cash & Cash Equivalents & Curren
Slide 15: Profit and Loss Snapshot – Q3 FY20 vs Q3 FY19
Profit and Loss Snapshot – Q3 FY20 vs Q3 FY19 14 P&L Snapshot (Rs. crore) Q3 FY20* Q3 FY19* Q3 FY20^ Q3 FY19^ YoY COMMENTS ON P&L - POCM Revenue Recognition Method Reported CCM Reported CCM POCM POCM POCM Revenue from Operations 130.2 72.3 336.7 282.8 19.0% ≈ Revenue in Q3 FY20 on POCM basis Cost of
Slide 16: Profit and Loss Snapshot – 9M FY20 vs 9M FY19
Profit and Loss Snapshot – 9M FY20 vs 9M FY19 15 REASONS FOR VARIANCE P&L Snapshot (Rs. crore) 9M FY20* 9M FY19* 9M FY20^ 9M FY19^ YoY (POCM) Revenue Recognition Method Reported CCM Reported CCM POCM POCM POCM Revenue from Operations 907.8 673.9 946.4 815.1 16.1% ≈ Increased in revenue in FY 20 is o
Slide 17: Revenue Recognition – Q3 FY20 vs Q3 FY19
Revenue Recognition – Q3 FY20 vs Q3 FY19 16 Q3 FY20 – Rs. 130 crore ^Q3 FY20 – Rs. 337 crore ^Q3 FY19 – Rs. 283 crore (CCM) (POCM) (POCM) Life Republic 40% Life Republic 20% Bengaluru Projects 80% Opula 15% Stargaze 16% Western Avenue 14% Ivy Estate 6% Ivy Estate 14% Opula 13% Western Avenue 10% Oth
Slide 18: Revenue Recognition – 9M FY20 vs 9M FY19
Revenue Recognition – 9M FY20 vs 9M FY19 17 9M FY20 – Rs. 907 crore ^9M FY20 – Rs. 946 crore ^9M FY19 – Rs. 815 crore (CCM) (POCM) (POCM) Western Avenue 22% Life Republic 23% Life Republic 19% Western Avenue 18% Life Republic 19% Western Avenue 17% Opula 13% Opula 16% Ivy Estate 13% Bengaluru Projec
Slide 19: Sales & Collections – Ongoing Projects – Q3 FY20
Sales & Collections – Ongoing Projects – Q3 FY20 18 Area Sold Sales value APR Collections Gross Details (including partner’s share) Projects Location (msf.) (Rs. mn.) (Rs./sft.) (Rs. mn.) Life Republic - Phase I & II Hinjewadi, Pune 0.52 2,487 4,795 799 Corolla - Phase I & II (Ivy Estate) Wagholi, P
Slide 20: KPDL Project Portfolio – 31.12.2019
KPDL Project Portfolio – 31.12.2019 19 Gross Details Gross Details (including partner’s share) (including partner’s share) Ongoing & Under Ongoing & Under Projects KPDL Share Land Bank Projects KPDL Share Land Bank Unsold Approval* Unsold Approval* Jazz II (Opula) 100% 0.05 - - Jai Vijay 100% 0.05 -
Slide 21: Improving Return Ratios
Improving Return Ratios 20 ROE ROCE 18.4% 15.6% 15.5% 14.5% 12.1% 12.3% 11.1% 11.8% 10.1% 7.5% Mar '16 Mar '17 Mar '18 Mar '19 Dec '19 Note: Numbers on POCM basis
Slide 22: Business Outlook
Business Outlook 21 Sector consolidation Diversifying geographical presence Efficient capital deployment • Implementation of RERA and GST has • 1.2 msf across 12 asset-light society • Continue to evaluate strategic and financial consolidated demand to organized, redevelopment projects in Mumbai part
Slide 23: Awards & Recognition
22 Awards & Recognition Brand Realtor 2019 KPDL By Times Brand Excellence in Real Realty Icons Estate Sector by ABP News
Slide 24: Awards & Recognition
2AK 24K SHINES AGAIN We are delighted to share that our uber luxurious residential projects have received the prestigious Realty Plus awards. 24K Atria Awards & Recognition
Slide 25: About Kolte-Patil Developers
24 For further information, please About Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market. Kolte-Patil is a trusted name with a reputation for contact: Kolte-Patil high quality sta
Slide 26: Thank You
BIGGER. BETTER. FASTER. THE STORY OF HOW WE ARE BUILDING ONE OF INDIA’S MOST SUSTAINABLE REAL ESTATE DEVELOPING COMPANIES Thank You