Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q1 FY2020 Earnings Presentation
19 slides from Kolte-patil Developers's earnings presentation, Aug 6, 2019
Slide 1: Q1 FY2020 Financial Results Presentation filing letter
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Slide 2: Kolte-Patil Developers Limited Q1 FY20 Results Presentation
KOLTE-PATIL DEVELOPERS LIMITED Q1 FY20 Results Presentation
Slide 3: Disclaimer
Disclaimer 2 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 1 2 3 4 5 6 Operational About Kolte- P&L / Balance Project-wise CEO’s Message & Performance Outlook Patil Developers Sheet Snapshot Details Highlights Ltd.
Slide 5: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance 4 Decades of presence ~30 million square feet Residential real estate being incorporated in of projects under IPO in Dec 2007 player in Pune 1991 execution and approval (Awarded as Most Reputed Brand in Pune) of units delivered across 74.6% 11.2% 14.2% ROCE – stro
Slide 6: CEO's Message on Q1 FY20 Performance
“The last quarter witnessed a decisive mandate for a second term to the incumbent government. After implementing path-breaking reforms like GST and RERA, the government presented its Union Budget 2019-20 with a clear intent to further improve the regulatory environment for the housing sector. The 5
Slide 7: Operational Highlights – Q1 FY20
Operational Highlights – Q1 FY20 6 New area sales Q1 FY20 Q1 FY19 YoY FY19 Volume (million sq. ft.) 0.51 0.46 9% 2.67 Value (Rs. million) 2,837 2,590 10% 14,316 Realization (Rs./Sq. ft.) 5,616 5,580 1% 5,372 Collections (Rs. million) 3,431 3,093 11% 11,791 Collections robust at Rs 343 crore, highe
Slide 8: Performance Highlights – Q1 FY20
Performance Highlights – Q1 FY20 7 Revenue, Rs. Crore EBITDA, Rs. Crore PAT, Rs. Crore 102 46 45 380 308 78 34 278 283 66 68 254 56 24 18 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 FY19 FY19 FY19 FY19 FY20 FY19 FY19 FY19 FY19 FY20 FY19 FY19 FY19 FY19 FY20 Note: The Company has adopted IND AS 115 d
Slide 9: New Sales Analysis – Q1 FY20
New Sales Analysis – Q1 FY20 8 msf. 0.41 0.59 0.59 0.49 0.46 0.77 0.80 0.63 0.51 100% 3% 3% 14% 3% 10% 4% 11% 3% 8% 5% 5% 5% 5% 3% 8% 13% 11% 80% 26% 16% 30% 60% 41% 50% 36% 49% 55% 62% 24% 42% 40% 55% 9% 28% 10% 34% 16% 13% 20% 15% 37% 18% 22% 27% 16% 13% 14% 11% 16% 0% Q1 FY2018 Q2 FY2018 Q3 FY201
Slide 10: Abridged Cash Flows
Abridged Cash Flows 9 Q1 FY20 Abridged Cashflows - Unaudited (Rs. crore) (Un-Audited) Opening Balance 67 Operating Cashflow Collections 343 Construction Cost (162) Other Expenses (54) Direct & Indirect Taxes (19) Financing & Investing Activities Bank Interest (15) OD/CC Movement (15) OCD/CCD Redempt
Slide 11: Consolidated Debt Profile
Consolidated Debt Profile 10 Consolidated Debt Profile (Rs. crore) 30th June, 2019 31st Mar, 2019 CCM POCM^ CCM POCM^ Networth 957 1,145 840 1,100 Gross debt 758 758 807 807 Less: OCD / CCD / OCRPS / Zero Coupon NCD*1 189 189 224 224 Debt 569 569 583 583 Less: Cash & cash equivalents & Current Inves
Slide 12: Profit and Loss Snapshot – Q1 FY20 vs Q1 FY19
Profit and Loss Snapshot – Q1 FY20 vs Q1 FY19 11 P&L Snapshot (Rs. crore) Q1 FY20* Q1 FY19* Q1 FY20^ Q1 FY19^ YoY REASONS FOR VARIANCE Revenue Recognition Method Reported Reported POCM POCM POCM (POCM) CCM CCM Revenue from Operations 585.7 390.6 308.0 278.1 10.8% • Revenue in Q1 FY20 on POCM basis
Slide 13: Revenue Recognition – Q1 FY20 vs Q1 FY19
Revenue Recognition – Q1 FY20 vs Q1 FY19 12 Q1 FY20 – Rs. 586 crore Q1 FY20 – Rs. 308 crore Q1 FY19 – Rs. 278 crore (CCM) (POCM) (POCM) Western Avenue 25% Western Avenue 28% Western Avenue 22% Opula 17% Life Republic 22% Ivy Estate 17% Life Republic 12% Ivy Estate 12% Opula 15% Bengaluru projects 11
Slide 14: Sales & Collections – Ongoing Projects – Q1 FY20
Sales & Collections – Ongoing Projects – Q1 FY20 13 Gross Details (including partner’s share) Sales value Avg. Realization Collections Projects Location Area Sold (msf.) (Rs. mn.) (Rs./sft.) (Rs. mn.) Life Republic Hinjewadi, Pune 0.07 325 4,779 701 Ivy Estate Wagholi, Pune 0.06 262 4,367 403 Tuscan
Slide 15: KPDL Project Portfolio – 30.06.2019
KPDL Project Portfolio – 30.06.2019 14 Gross Details Gross Details (including partner’s share) (including partner’s share) Ongoing Ongoing KPDL Under Land KPDL Under Land Pune Projects & Mumbai Projects & Share Approval* Bank Share Approval* Bank Unsold Unsold Jazz II (Opula) 100% 0.14 - - Jai Vijay
Slide 16: Improving Return Ratios
Improving Return Ratios 15 ROE ROCE 18.4% 15.9% 15.6% 14.9% 16.3% 14.5% 14.3% 12.1% 11.2% 11.9% 12.3% 11.1% 10.1% 10.2% 13.0% 7.5% Mar '16 Mar '17 June '17 Sep '17 Dec '17 Mar '18 Mar '19 June'19 Note: Numbers on POCM basis
Slide 17: Business Outlook
Business Outlook 16 SECTOR CONSOLIDATION DIVERSIFYING GEOGRAPHICAL PRESENCE EFFICIENT CAPITAL DEPLOYMENT • Implementation of RERA and GST has • 1.4 msf across 14 asset-light society • Continue to evaluate strategic and financial consolidated demand to organized, execution- redevelopment projects in
Slide 18: Awards
Awards Times Realty Icons Residential Complex of the Year 2019 Three Jewels
Slide 19: About Kolte-Patil Developers Ltd.
About Kolte-Patil Developers Ltd. 18 Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL), incorporated in 1991, is a For further information, please contact: leading real estate company with dominant presence in the Pune residential market. Kolte-Patil is a trusted name with a reputation for
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