Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q1 FY2012 Earnings Presentation
27 slides from Godrej Properties's earnings presentation, Dec 6, 2011
Slide 1: Results Presentation First quarter, Financial Year 2012
RESULTS PRESENTATION First quarter, Financial Year 2012
Slide 2: 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 3: Agenda
AGENDA Overview -----------------------------------------------------------------------------------05 Corporate Governance ----------------------------------------------------------------07 Value Creation ----------------------------------------------------------------------------09 Highlights and C
Slide 4: Overview
Overview 4 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 5: Godrej Properties Overview
GODREJ PROPERTIES OVERVIEW Godrej Group : Brand advantage • Established in 1897 • US $ 3.3 billion in annual revenue • US $ 2.8 billion brand valuation • 500 million customers • 25,000 employees • Diversified, accomplished, trusted • Real estate has been identified as one of four key growth business
Slide 6: Corporate Governance
Corporate Governance 6 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 7: Corporate Governance
CORPORATE GOVERNANCE Godrej Properties is part of the Godrej Group; The Godrej Group is renowned for: • Strong emphasis on corporate governance • Track record of value creation for shareholders Godrej Properties’ Board of directors is strongly committed to best practices of corporate governance to e
Slide 8: Value Creation
Value Creation 8 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 9: Value Creation
VALUE CREATION Leverage the Godrej Brand • Among India‟s most trusted and well recognized brands • Ranked the 4th best brand in India by The Week magazine Competitive advantage: Joint development model • Track record of joint development projects across the country • Asset light and capital efficien
Slide 10: Value Creation: Godrej Group
VALUE CREATION : GODREJ GROUP The Godrej Group has a history of value creation • The consumer products division of Godrej Soaps Limited (GSL) was demerged with effect from April 1, 2001 into a separate company, Godrej Consumer Products Limited (GCPL) and GSL was renamed Godrej Industries Limited (GI
Slide 11: Value Creation: Godrej Properties
VALUE CREATION : GODREJ PROPETIES 80% 60% 40% GPL listing 20% 0% -20% -40% -60% Jan-10 Mar-10 May-10 Jul-10 Sep-10 Nov-10 Jan-11 Mar-11 May-11 GPL BSE Realty Sensex Returns since GPL listing : Godrej Properties : +51% BSE Sensex: +7% BSE Realty: -48% Based on closing prices from 4 Jan 2010 to 30 Jun
Slide 12: Highlights & Company Outlook
Highlights & Company Outlook 12 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 13: Highlights: Q1 FY 2012
HIGHLIGHTS : Q1 FY 2012 GPL witnessed considerable momentum in sales in Q1 FY 2012 • 0.56 mn. sq. ft* of area was booked during the quarter • Booking value increased by 70% to Rs. 232.5 Cr in Q1 FY 2012 from Rs. 137 Cr in Q1 FY 2011 • Godrej Garden City, our township project in Ahmedabad continued t
Slide 14: Highlights: Q1 FY 2012
HIGHLIGHTS : Q1 FY 2012 Awards & Recognition • “Most Trusted Names” in the Real Estate industry and “India‟s Best Marketed Real Estate Company, 2011” by 4Ps Business and Marketing (4Ps B&M) in association with India Council for Market Research (ICMR) • 1st Rank in Real Estate Industry and amongst To
Slide 15: Company Outlook
COMPANY OUTLOOK Focus on high growth markets - Mumbai, NCR, Chennai, Bangalore and Pune • Mumbai – pursuing several new business and redevelopment opportunities across the city • NCR & Chennai – launched first project and pursuing several new business opportunities • Bangalore & Pune - looking to bu
Slide 16: Projects
Projects 16 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 17: National Presence
NATIONAL PRESENCE City Est. Total Dev Area (mn sq ft) Ahmedabad 40.43 Pune 12.30 Chandigarh NCR Hyderabad 9.60 Kolkata 6.83 Mumbai 3.59 Ahmedabad Chennai 3.23 Kolkata Mumbai Kochi 2.52 Pune Bengaluru 2.44 Hyderabad NCR 1.25 Mangalore Bangalore Mangalore 0.87 Chennai Chandigarh 0.68 Kochi Total 83.74
Slide 18: Waterside - II Work Completion Status
WORK COMPLETION STATUS 100% 1.2 100% 100% 100% 100% 88% 0.67 75% 1.31 70% 0.07* 0.48 63% 50% 55% 1.3 53% 0.75 0.24 0.22 45% 42% 0.45 0.23 38% 38% 2.2** 32% 31% 25% 24% 0% GGC - II ETERNIA - I FRONTIER - II PRAKRITI - II GGC - I FRONTIER - I GGC - III WATERSIDE - II PRAKRITI - I GENESIS FRONTIER - II
Slide 19: Financial Overview: Q1 FY 2012
Financial Overview : Q1 FY 2012 19 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 20: Performance Metrics
PERFORMANCE METRICS Key Performance Metrics Value Units Total Income 134.7 Rs. Cr PBT 20.1 Rs. Cr Net Debt (as on 30.06.2011) 939.6 Rs. Cr Area sold 0.56 Mn. sq. ft. Booking Value 232.5 Rs. Cr Total Income Breakup by Project Total Income % split by Project Projects Total income (Rs. Cr) 24% Godrej G
Slide 21: Improvement in Operating Performance
IMPROVEMENT IN OPERATING PERFORMANCE Total income (Rs Cr) Booking Value (Rs Cr) 83% 70% 134.7 232.5 73.5 137.0 Q1 FY 2011 Q1 FY 2012 Q1 FY 2011 Q1 FY 2012 21 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 22: Consolidated Financial Statements – P & L
CONSOLIDATED FINANCIAL STATEMENTS – P & L Q1 FY 2012 Q1 FY 2011 Particulars % Change (Rs.in crs) (Rs.in crs) Sales & operating income 130.6 41.2 217% Other income 4.1 32.3 -87% Total Income 134.7 73.5 83% EBIDTA 24.3 33.6 -28% Profit before tax 20.1 32.2 -38% Profit after tax 13.7 23.0 -41% - Minori
Slide 23: Financial Analysis
FINANCIAL ANALYSIS Particulars Q1 FY 2012 Q1 FY 2011 EBIDTA / Total Income % 18.0% 45.7% PBT Margin % 14.9% 43.8% PAT (After Minority Int.) Margin % 7.5% 30.5% Earning Per Share (EPS) * – Rs. 1.4 3.2 ROE/RONW * % 1.1% 2.7% ROCE * % 1.2% 2.1% Net Debt/Equity Ratio 1.0 0.6 *EPS, RONW and ROCE for the
Slide 24: Thank You for Your Time and Consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION 24 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 25: Annexure
Annexure 25 I Godrej Properties I Results Presentation – Q1 FY 2012
Slide 26: A. Residential Projects
A. RESIDENTIAL PROJECTS Name Location Project type Est. Saleable Share structure Current Status Area (mn sq ft) Apartment/ Villas Godrej Garden City Ahmedabad 26.28 Area Sharing - 68.34% Construction in progress / Row Houses Share in SPV - 10%; DM Bhugaon Township Pune Mix – Use 9.44 Pre development
Slide 27: B. Commercial Projects
B. COMMERCIAL PROJECTS Est. Saleable Area Name Location Project type Share structure Current Status (mn sq ft) Pre development Godrej Garden City Ahmedabad Commercial 14.15 Area Sharing - 68.34% planning Godrej Prakriti Kolkata Mix – Use 0.42 Own. 51% Share in SPV Construction in progress GPL owns 5