Dlf Limited · NSE:DLF
Dlf — Investor Presentation (February 2019)
16 slides from Dlf's investor presentation, Feb 8, 2019
Slide 1: DLF Limited - Corporate Presentation to Analysts
DLF Limited DLF Gateway Tower, R Block, DLF City Phase ~ fll, Gurugram ~ 122 002, Haryana (india) Tel. : (+91-124) 4396000 February 8, 2019 DLES. BUILDING INDIA To, The General Manager Dept. of Corporate Services BSE Limited PJ. Tower, Dalal Street, Mumbai 400 001 ‘Yo, The Vice-President National St
Slide 2: Corporate Strategy
Corporate Strategy February 2019
Slide 3: Disclaimer
Disclaimer This presentation contains certain forward looking statements concerning DLF’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The r
Slide 4: DLF Today
DLF Today 7 decades 153 330 msf 1 113 msf 2 Experience in real Real estate Deliveries since Area developed estate development projects developed 2007 204 msf 19 msf 7 msf Development potential excluding Development potential projects under TOD potential in Gurugram through land reserves construction
Slide 5: Journey since IPO
Journey since IPO Area developed Income 113 msf ~18x Cumulative area developed and delivered since IPO in 2007 Increase in rental income DCCDL DLF Rental income (INR Crs) 28 msf 85 msf 506 Area developed and sold Area developed and leased out 2,394 ~77 msf ~8 msf 155 Residential area Commercial area
Slide 6: Recent Developments in the Residential Real Estate Sector
Recent Developments in the Residential Real Estate Sector The real estate sector has gone through …but DLF has maintained its position, completed certain challenges… execution and delivered its commitment Stalled Projects • ~160 msf of stalled projects in NCR since 20071 113 msf • deliveries by DLF
Slide 7: Strong Vision with Ability to Adjust to Changing Market Environment
Strong Vision with Ability to Adjust to Changing Market Environment 1 Generate value for shareholders and maintain leadership position in real-estate sector 2 Continue growing and generating • Stable and recurring income stream from strong portfolio of high quality office and retail properties posit
Slide 8: Overview of the Verticals
Overview of the Verticals 1 Rental business 1 2 Development business Well poised to benefit from improving One of the largest rental platform in India Huge Development Potential market conditions ✓32.8 msf of operational assets and 3.2 msf of under construction assets ✓INR 12,300 Crs of ready invent
Slide 9: Multiple Growth Drivers for DCCDL Group
Multiple Growth Drivers for DCCDL Group Platform Growth Drivers Transfer of additional assets from DLF like rent Ability to grow on yielding assets, commercial sustainable basis given land parcels, transfer of strong free cash flows Near term development equity stake in JV, SEZ 5 at established loca
Slide 10: Significant Mark to Market Potential on Existing Commercial Portfolio
Significant Mark to Market Potential on Existing Commercial Portfolio Mark-to-market Potential: Significant Room for Rent Revisions for Expiring Leases INR/sfpm Average Portfolio Rent vs Market Rent for select projects 120 96 73 62 58 48 3 Current Market Current Market Current Market Avg. Rent Rent
Slide 11: Overview of DLF's Rental Assets (excluding DCCDL)
Overview of DLF’s Rental Assets (excluding DCCDL) Mall of India, Noida Retail assets In-place Leasable Occupancy Rental1 Project area (msf) (%) (INR psf) Mall of India 2.0 99.7% 94 Noida Saket 0.5 92.9% 115 Chanakya 0.2 92.7% 158 Capitol Point 0.1 96.4% 365 South Square 0.1 99.4% 116 2.8 Commercial
Slide 12: Strengthening Balance Sheet and Cash Flows
Strengthening Balance Sheet and Cash Flows 1 Outstanding receivables net of construction Receivables Construction cost liabilities INR 3,000 Crs INR 2,350 Crs 2 Value of complete / near-complete inventory INR 12,300 Crs 3 • Payable to DCCDL • Other interest INR 250 Crs INR 250 Crs Quarterly interest
Slide 13: Multiple Growth Drivers for Development Business
Multiple Growth Drivers for Development Business Platform Growth Drivers Land reserves in strategic locations like DLF Phase V with development potential of ~50 msf Strong development potential including FAR upside 4 • Additional projects under development 3 Strategic land reserves Focus on executio
Slide 14: Significant Land Reserves for Future Growth - DLF (ex DCCDL)
Significant Land Reserves for Future Growth – DLF (ex DCCDL) Monetizing Strategic Land Bank Across India 204 msf (approx.) of total development potential1 (msf) Large land reserves in strategic locations across India Other Indian Cities - 36 Chandigarh Tri-City – 16 204 msf1 of development potential
Slide 15: Select Land Reserves with Significant Asset Value
Select Land Reserves with Significant Asset Value Development potential (msf) Commentary (excluding TOD) 1 Strategic location and connectivity to DLF Phase V ~17 Golf Course provides attractive development potential 2 Integrated township which include Group New Gurugram ~78 Housing, Commercial, Plot
Slide 16: Key Differentiators for DLF
Key Differentiators for DLF • 7 decades of experience in real estate development • Statutory audit by SR Batliboi (member of EY group) and internal audit by KPMG and GT Strong Track • Presence across 14 states/UTs and 21 cities across the country • Mandatory pre audit for all payment transactions Re