Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2016 Earnings Presentation
38 slides from Oberoi Realty's earnings presentation, Jan 15, 2016
Slide 1: Oberoi Realty Limited Result Update Q3FY16
Oberoi Realty Limited Result Update Q3FY16 January 15, 2016
Slide 2: Key Developments
Key Developments Sky City o 3 towers launched on 30th October, 2015 - 619 units booked, value ~ Rs. 1,567 crores till Dec 31, 2015 o 4th tower launched on 15th January, 2016 o Work commenced at site Esquire - commenced revenue recognition Commerz II - 2 additional floors (~46,000 square feet)
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 3
Slide 4: Balance Sheet Summary 9MFY16
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars 9MFY16 9MFY15 FY15 Shareholders' Fund 5,32,143 4,61,015 4,63,429 Non-Current Liabilities 55,068 84,835 84,005 Current Liabilities 1,75,479 1,32,681 1,64,562 Total Equity and Liabilities 7,62,690 6,78,531 7,1
Slide 5: Cash Flow Summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Opening Cash and Cash Equivalents 51,428 8,719 12,324 29,367 54,936 * Operating Cash Flows (7,277) 7,320 726 21,626 (1,14,982) Investing Cash Flows (6,438) 17,803 (7,529) (
Slide 6: Liabilities Breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars 9MFY16 9MFY15 FY15 Long term borrowings 46,913 72,403 72,992 Deferred tax liabilities 2,415 2,365 2,425 Trade payables 534 1,719 646 Other Long term liabilities 5,100 8,251 7,824 Long-term provisions 106 97
Slide 7: Assets Breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars 9MFY16 9MFY15 FY15 Fixed assets 1,02,031 1,08,990 1,03,654 Goodwill on consolidation 26,538 26,538 26,538 Other non-current assets 1,32,888 1,23,652 1,25,320 Total Non-Current Assets 2,61,457 2,59,180 2,55,5
Slide 8: Consolidated Profit and Loss
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Revenue from Projects 69,172 10,477 13,255 92,179 33,387 Revenue from Rent 4,340 4,238 4,161 12,856 12,360 Revenue from Hospitality 3,378 3,034 3,272 9,473 8,8
Slide 9: Key Financial Ratios
Financial Update Investment Properties Development Properties Particulars 9MFY16 FY15 FY14 FY13 EBITDA Margin (Including Non Operating Income/ 48.87% 56.51% 57.49% 62.05% Total Revenue) EBITDA Margin (Excluding Non Operating Income/ 47.76% 55.69% 54.45% 58.43% Total Operating Income) PAT Margin 29.9
Slide 10: Segment Performance
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Property Particulars Total Residential Rental Hospitality Management Services 9MFY16 47.76% 44.87% 94.32% 31.88% -13.65% Total Operating Revenues 1,18,137 92,621 12,976 9,538 3,002 EBITDA (Excluding Non Operating Income
Slide 11: Share Price Performance vs Sensex and Realty Index
Index 30.00 50.00 70.00 90.00 110.00 130.00 150.00 20-Oct-10 09-Dec-10 28-Jan-11 19-Mar-11 08-May-11 27-Jun-11 Financial Update 16-Aug-11 05-Oct-11 24-Nov-11 Sensex 13-Jan-12 03-Mar-12 22-Apr-12 11-Jun-12 31-Jul-12 19-Sep-12 08-Nov-12 28-Dec-12 For Oberoi Realty the issue price of Rs. 260/- is index
Slide 12: Shareholding Pattern
Financial Update Investment Properties Development Properties Category 31-Dec-15 30-Sep-15 30-Jun-15 31-Mar-15 31-Dec-14 Promoter and Promoter Group 72.56% 72.56% 74.99% 75.00% 75.00% Foreign Institutional Investors (FIIs) 21.31% 21.20% 19.02% 18.53% 17.46% Domestic Institutional Investors 0.83% 0.9
Slide 13: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 725,769 sqft. 269 rooms GLA: 552,893 sqft. 13
Slide 14: Investment Property Performance
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Operating Revenue (Rs. Lakh) 2,434 2,316 2,412 7,142 7,053 EBITDA (Rs. Lakh) 2,304 2,214 2,324 6,783 6,798 EBITDA Margin (%) 94.67% 95.59% 96.37% 94.97% 96.39% Occupancy (%) 98.89% 99.70% 99.
Slide 15: Investment Property Performance
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Operating Revenue (Rs. Lakh) 1,172 1,165 1,160 3,532 3,560 EBITDA (Rs. Lakh) 1,170 1,163 1,155 3,523 3,554 EBITDA Margin (%) 99.84% 99.83% 99.63% 99.75% 99.82% Occupancy (%) 96.72% 95.23% 83.
Slide 16: Investment Property Performance
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 9MFY16 Operating Revenue (Rs. Lakh) 169 169 509 EBITDA (Rs. Lakh) 64 73 218 EBITDA Margin (%) 38.11% 43.06% 42.86% Occupancy (%) 7.05% 7.05% 7.05% Area Leased (Sqft.) 51,140 51,140 51,140 Revenue psf/month on are
Slide 17: Hospitality Performance
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Operating Revenue (Rs. Lakh) 3,399 3,056 3,294 9,538 8,913 EBITDA (Rs. Lakh) 1,108 949 1,030 3,041 * 2,190 EBITDA Margin (%) 32.59% 31.06% 31.29% 31.88% 24.57% Number of Rooms 269 269 269 269
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 18
Slide 19: Residential Projects Summary
Financial Update Investment Properties Development Properties Revenue Area Booked Till Inventory as on Booking Value till Project Avg. Price for Residential Projects Est. Area Recognised till Date Date Date Completion Q3FY16 Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Seven 39
Slide 20: Residential Projects Area Booked in Q3FY16
Financial Update Investment Properties Development Properties Revenue Area Booked in Units Booked in Sales Value for Amount Collected Residential Projects Recognised in Q3FY16 Q3FY16 Q3FY16 in Q3FY16 Q3FY16 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 13,475 6 3,186 6,134 3,186 Priviera
Slide 21: Exquisite Project Status
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Project Till Date Estimated Total Area (sqft.) 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 Estimated Total Units (nos.) 802 802 802 802 802 802 Area Booked (sqft) 13,475 38,63
Slide 22: Priviera Project Status
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Project Till Date Estimated Area of Project (sqft.) * 18,800 18,800 18,800 18,800 18,800 18,800 Estimated Total Units (nos.) 8 8 8 8 8 8 Area Booked (sqft) 4,700 - - 4,700 - 14,100 Units Book
Slide 23: Project Status as on December 31, 2015
Financial Update Investment Properties Development Properties Project Status as on December 31, 2015 23
Slide 24: Project Status as on September 30, 2015
Financial Update Investment Properties Development Properties Project Status as on September 30, 2015 24
Slide 25: Esquire Project Status
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Project Till Date Estimated Total Area (sqft.) 20,31,990 15,04,815 15,04,815 20,31,990 15,04,815 20,31,990 Estimated Total Units (nos.) 874 636 636 874 636 874 Area Booked (sqft) 28,035 4,390
Slide 26: Project Status Update
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2015 Project Status as on Sep 30, 2015 Amount spent in Q3FY16 : Rs. 57.06 crore Amount spent in Q2FY16 : Rs. 49.52 crore 26
Slide 27: Three Sixty West Project Status
Financial Update Investment Properties Development Properties Particulars Project Till Date Estimated Area of Project (sqft.) 17,83,928 Area Booked (sqft) * 1,43,430 Units Booked (nos.) * 15 Area in Inventory (sqft.) 16,40,498 Booking Value (Rs. Lakh) 42,237 Amount Collected (Rs. Lakh) 29,093 Revenu
Slide 28: Project Status
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2015 Project Status as on Sep 30, 2015 28
Slide 29: Prisma Project Status
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 Q3FY15 9MFY16 9MFY15 Project Till Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 91 Area Booked (sqft) 12,151 9,171 72,711 29,9
Slide 30: Artist Impression - Excavation in Progress
Financial Update Investment Properties Development Properties Artist Impression Excavation in progress… 30
Slide 31: Eternia Project Status
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 9MFY16 Project Till Date Estimated Area of Project (sqft.) 16,96,820 16,96,820 16,96,820 16,96,820 Estimated Total Units (nos.) 1,057 1,057 1,057 1,057 Area opened for booking (sqft.) 7,83,720 6,03,720 7,83,720 7
Slide 32: Financial Update Investment Properties Development Properties
Financial Update Investment Properties Development Properties 32
Slide 33: Enigma Project Status
Financial Update Investment Properties Development Properties Particulars Q3FY16 Q2FY16 9MFY16 Project Till Date Estimated Area of Project (sqft.) 16,12,045 16,12,045 16,12,045 16,12,045 Estimated Total Units (nos.) 619 619 619 619 Area opened for booking (sqft.) 4,86,675 4,86,675 4,86,675 4,86,675
Slide 34: Artist Impression - Demolition in Progress
Financial Update Investment Properties Development Properties Artist Impression Demolition in progress… 34
Slide 35: Sky City Project Status
Financial Update Investment Properties Development Properties Particulars Q3FY16 9MFY16 Project Till Date Estimated Area of Project (sqft.) 39,92,754 39,92,754 39,92,754 Estimated Total Units (nos.) 2,357 2,357 2,357 Area opened for booking (sqft.) 14,39,019 14,39,019 14,39,019 Units opened for book
Slide 36: Investor Relations Contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Aditi Mittal Executive Assistant to Managing Director aditi.mittal@oberoirealty.com Shital Shah Senior Manager – Investor Relations shital.shah@oberoirealty.com For any further information pleas
Slide 37: Note and Abbreviations
Note 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. Total areas of t
Slide 38: 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