Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q4 FY2022 Earnings Presentation
26 slides from Kolte-patil Developers's earnings presentation, May 25, 2022
Slide 1: Exchange filing cover letter
re. Creation, not construction, To, To, The Assistant Manager, The General Manager, National Stock Exchange of lndia Limited BSE Limited, Listing Department, Corporate Relationship Department, 'Exchange Plaza', 1st Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street,
Slide 2: Q4 FY22 Results Presentation
Kolte-Patil Developers Limited Q4 FY22 Results Presentation
Slide 3: Disclaimer
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 s
Slide 4: Table of Contents
Table of Contents 1 KPDL – Power Of Discipline 2 CEO’s Message 3 Operational Highlights 4 Priority Launches 5 Performance Highlights 6 Abridged Cash Flows 7 P&L Snapshot 8 Project Portfolio 9 Outlook 10 About Kolte-Patil Developers Ltd. 3
Slide 5: Power Of Discipline – Deliver More With Less
Power Of Discipline – Deliver More With Less Sustained market Sound capital Diversifying Asset-light growth leadership allocation geographical presence Successive Among the Strengthened years of Sales and healthiest sales Debt marketing sectorial pipeline for reduction cost sales next round of effic
Slide 6: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance Leading 3 Decades ~27 MSF Residential real estate player in Pune Project portfolio - under execution, of presence being incorporated in 1991 (Awarded as Most Reputed Brand in Pune ) approval, land bank and DMA A+/Positive (ICRA) > 23 MSF ~13% A+/Stable (CRISIL) of
Slide 7: CEO's Message
CEO’s Message Commenting on the performance for Q4 FY22 Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said: “FY22 marked a year of demand revival, even as intermittent disruptions were seen almost throughout the period. With sales volume of 2.71 million square feet, we closed the year
Slide 8: Operational Highlights – Q4 FY22
Operational Highlights – Q4 FY22 New area sales Q4FY22 Q3FY22 Q4FY21 QoQ YoY FY22 FY21 YoY Volume (million sq. ft.) 0.78 0.86 0.85 -9% -8% 2.71 2.08 30% Value (Rs. million) 5,005 5,610 5,110 -11% -2% 17,390 12,010 45% Realization (Rs./Sq. ft.) 6,418 6,489 5,988 -1% 7% 6,407 5,785 11% Collections (Rs
Slide 9: Sales & Collections – Ongoing Projects – Q4 FY22
Sales & Collections – Ongoing Projects – Q4 FY22 Area Sold Sales Value APR Collections Projects Location (msf.) (Rs. mn.) (Rs./sft.) (Rs. mn.) Life Republic Hinjewadi 0.15 852 5,648 1,407 Universe(R10) ,LR Hinjewadi 0.09 547 6,100 479 Stargaze Bavdhan 0.06 355 6,443 496 Three Jewels Kondhwa 0.06 261
Slide 10: Region-wise Sales – Q4 FY22
Region-wise Sales – Q4 FY22 Total Area Total Sales Total Sold Value Collection 0.78 msf Rs. 5,005 mn Rs. 5,004 mn Total (Mumbai Projects) 0.08 msf Rs. 1,293 mn Rs. 645 mn Maharashtra Total (Pune Projects) 0.65 msf Rs. 3,451 mn Rs. 3,985 mn Total (Bengaluru Projects) 0.05 msf Rs. 261 mn Rs. 374 mn 9
Slide 11: New Sales Analysis – Q4 FY22
New Sales Analysis – Q4 FY22 msf. 0.67 0.31 0.35 0.56 0.85 0.40 0.67 0.86 0.78 9% 4% 9% 8% 8% 14% 5% 9% 10% 12% 10% 17% 17% 12% 14% 16% 19% 17% 31% 29% 22% 11% 42% 30% 23% 16% 12% 37% 40% 31% 41% 31% 29% 31% 34% 23% 19% 18% 16% 21% 17% 19% 22% 22% 23% Q4 FY20 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22
Slide 12: Priority Launches
Priority Launches Pune Projects Location Use Saleable Area (msf.) Baner Baner Mixed Use 1.33 Down Town Kharadi Residential / Retail 0.68 Tathawade* Tathawade Residential / Retail 0.55 Life Republic (R14) Hinjewadi Residential / Retail 1.07 Giga Viman Nagar Commercial 0.86 Launches planned across B
Slide 13: Judiciously building project pipeline for the next round of growth
Judiciously building project pipeline for the next round of growth FY22 FY21 FY20 Signed a new project with a combined saleable FY19 Signed three new projects with a area of ~0.55 msf in Pune (Tathawade) under combined saleable area of ~2.2 msf in DM model. Expected DM fees of ~Rs. 35 crore Pune
Slide 14: Mumbai Presence - Expanding Footprint
Mumbai Presence - Expanding Footprint Shree Avadhoot (Dahisar East) Opp. Subway, St. Mary School Vaayu (Dahisar West) Near Mary Immaculate Girls School Evara (Borivali West) Near. McDonald's, S V Road Verve (Goregaon West) Walking distance from Inorbit mall, adjacent to Central mall Faster Creation
Slide 15: Performance Highlights – Five Years
Performance Highlights – Five Years Sales Volume, msf Sales Value, Rs. Crore APR, Rs./sft. 2.70 2.71 1,739 2.51 6,407 2.09 2.08 1,432 5,765 5,785 1,331 5,302 5,309 1,198 1,201 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Collections, Rs. Crore Delivery, msf Net Debt, Rs
Slide 16: Performance Highlights – Q4 FY22
Performance Highlights – Q4 FY22 Sales Volume, msf Sales value, Rs. Crore APR, Rs./sft. Collections, Rs. Crore Q4 FY21 0.85 Q4 FY21 511 Q4 FY21 5,988 Q4 FY21 441 Q1 FY22 0.40 Q1 FY22 249 Q1 FY22 6,261 Q1 FY22 279 Q2 FY22 0.67 Q2 FY22 429 Q2 FY22 6,370 Q2 FY22 374 Q3 FY22 0.86 Q3 FY22 561 Q3 FY22 6,4
Slide 17: Abridged Cash Flows
Abridged Cash Flows Q4 FY22 FY22 Abridged Cash flows - (Rs. crore) (Un-Audited) (Un-Audited) Opening Balance* 218 188 Operating Activities Collections 477 1516 Construction Cost -197 -739 Other Expenses -71 -225 Strategic Land Monetization 0 66 Direct & Indirect Taxes -43 -110 Operating Cashflow 166
Slide 18: Consolidated Debt Profile
Consolidated Debt Profile Consolidated Debt Profile (Rs. crore) 31st Mar, 2022 31st Dec, 2021 31st Mar 2021 CCM CCM CCM Net Worth 959 932 894 Gross Debt 522 467 665 Less: OCD / CCD / OCRPS / Zero Coupon NCD* 100 101 190 Debt 421 366 475 Less: Cash & Cash Equivalents & Current 290 194 165 Investments
Slide 19: Consolidated Profit and Loss Snapshot
Consolidated Profit and Loss Snapshot Q4 Q3 Q4 P&L Snapshot (Rs. crore) QoQ YoY FY22 FY21 YoY FY22 FY22 FY21 Revenue from Operations 376.1 240.3 296.1 56.5% 27.0% 1117.5 691.7 61.5% EBITDA 40.5 30.5 38.9 32.7% 4.0% 186.2 62.4 198.5% EBITDA Margin (%) 10.8% 12.7% 13.1% NA NA 16.7% 9.0% NA Profit befo
Slide 20: Revenue Recognition – Q4 FY22 vs Q4 FY21 & FY22 vs FY21
Revenue Recognition – Q4 FY22 vs Q4 FY21 & FY22 vs FY21 Q4 FY22 Q4 FY21 FY22 FY21 Rs. 376 crore Rs. 296 crore Rs. 1,118 crore Rs. 692 crore Tuscan 31% Opula Life Republic 35% Mumbai Projects 23% 39% Opula Tuscan 11% Bengaluru 28% Western Projects 18% Avenue 24% Opula 10% Life Republic 12% Opula 17%
Slide 21: KPDL Project Portfolio – 31.03.22
KPDL Project Portfolio – 31.03.22 Gross Details Gross Details (including partner’s share) (including partner’s share) KPDL Ongoing & Under KPDL Ongoing & Under Projects Land Bank Projects Land Bank Share Unsold Approval Share Unsold Approval Jazz II (Opula) 100% 0.00 - - Jai Vijay 100% 0.01 - - Atri
Slide 22: Business Outlook
Business Outlook Sector consolidation Diversifying geographical Efficient capital deployment First round of consolidation resulted from presence Continue to evaluate strategic and financial implementation of RERA and GST benefiting 10 society redevelopment projects in Mumbai - partnerships tha
Slide 23: Small to mid sized journey completed. Mid to large sized journey begins
Small to mid sized journey completed. Mid to large sized journey begins Leading real estate Amongst India’s top five brand in Pune real estate players Double our sales while ~31% sales value from maintaining profitability Mumbai and Bengaluru in Q4 FY22 Grow our Pune Growing property presence and le
Slide 24: Awards and Recognitions
Awards and Recognitions KPDL RECEIVED 60+ AWARDS IN THE LAST FIVE YEARS KPDL Awards Project Awards Trusted Brand of the Year, Times Realty, 2021-22 Residential High Rise Architecture India- 2021, Asia Pacific Top Developer of the year, Times Real Estate Icons , 2020-21 Property Awards (IPA), 2020-21
Slide 25: About Kolte-Patil Developers Ltd.
About Kolte-Patil Developers Ltd. Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and growing For further information, presence in Mumbai and Bengaluru. Kolte-Patil is a tr
Slide 26: Thank You
THANK YOU
Kolte-Patil Developers — Q4 FY2022 Earnings Presentation on 6ix