Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q1 FY2023 Earnings Presentation
36 slides from Godrej Properties's earnings presentation, Aug 2, 2022
Slide 1: Exchange filing cover letter
Godrej Properties Limited Regd.Office: Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai- 400 079.India Tel.: +91-22-6169 8500 Fax: +91-22-6169 8888 Website: www.godrejproperties.com August 02, 20n CIN: L74l20MHl985PLC035308 BSE Limited Phiroze Jeejeebhoy Towers, Da
Slide 2: Results Presentation First Quarter, Financial Year 2023
R E S U LT S P R E S E N T A T I O N FIRST QUARTER, FINANCIAL YEAR 2023 1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY19
Slide 3: 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 4: Agenda
AGENDA Overview 01 Q1 FY23 Operational Highlights 02 Q1 FY23 Financial Highlights 03 Annexure 04 3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY23
Slide 5: Godrej Group
GODREJ GROUP Established in 1897 Value Creation Track Record $6 billion in annual revenue 21 year CAGR in ` 1 invested in Particulars stock price June 2001 is now worth 1.1 billion people globally use a Godrej product1 BSE Sensex 14% 16 Godrej ranks amongst the most trusted Indian brands2 Go
Slide 6: Godrej Properties
GODREJ PROPERTIES Established in 1990 Indias largest real estate developer by booking value in FY21 Successfully delivered ~22 million sq. ft. of real estate in the Chandigarh 0.5, 1 NCR past five years 28.4, 17 ~192 million sq. ft. of saleable area across India Differentiated asset-light
Slide 7: Strengths
STRENGTHS 1.1 billion people globally use a Godrej product1 Godrej Brand Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report GPL brings the Godrej brands reputation for trust, quality and corporate governance to the real estate sector Effective Land
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL’s IPO would be worth ~ 6x an identical investment into the BSE Realty Index Value Creation Track Record 12 year CAGR in ` 1 invested in Particulars stock price January 2010 is now worth BSE Sensex 9.2% 3.02 Godrej Properties 14.0% 5.15 BSE Realty Index -1.8%
Slide 9: Agenda
AGENDA Overview 01 Q1 FY23 Operational Highlights 02 Q1 FY23 Financial Highlights 03 Annexure 04 8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY23
Slide 10: Q1 FY23 Operational Highlights
Q1 FY23 OPERATIONAL HIGHLIGHTS GPLs highest ever 1st quarter sales - booking value stood at INR 2,520 crore Sales 407% YoY growth in booking value and 267% YoY growth in booking volume Highlights 3 new project launches across 2 cities MMR booking value crossed INR 1,000 crore for the quarte
Slide 11: Sales Highlights
SALES HIGHLIGHTS Particulars Q1 FY23 Q1 FY22 Growth Q4 FY22 Growth FY22 Area Sold (sq. ft.) 2,829,405 771,817 267% 4,235,271 -33% 10,837,043 Booking Value (INR Cr) 2,520 497 407% 3,248 -22% 7,861 Strong response to new project/phase launches Godrej Horizon, MMR Godrej Ascend, MMR Godrej Connaught On
Slide 12: Project Booking
PROJECT BOOKING Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Residential Projects Q1 FY23 Q1 FY23 Godrej Horizon, MMR 245,822 528 Godrej Ascend, MMR 381,119 415 Godrej Park Retreat, Bangalore 424,025 268 Godrej Nature+, NCR 345,468 218 1 Godrej Nest , NCR 255,756 175 Godrej Woods, NCR 1
Slide 13: Project Booking (Contd.)
PROJECT BOOKING (Contd.) Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Commercial Projects Q1 FY23 Q1 FY23 Godrej Eternia, Chandigarh 23,430 18 Total 23,430 18 Grand Total 2,829,405 2,520 12 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY23
Slide 14: Quarterly Sales Trend
QUARTERLY SALES TREND Quarterly Sales Value 3,500 3,248 3,000 2,632 2,574 2,520 2,500 (INR cr) 2,000 1,488 1,541 1,500 1,074 1,000 497 500 0 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Quarterly Sales Volume 4.5 4.2 4.2 4.0 3.6 3.5 3.0 2.8 (Million sq.ft.) 2.4 2.5 2.2 2.0 1.7 1.5
Slide 15: Business Development
BUSINESS DEVELOPMENT Added a new project with saleable area of ~1.5 million sq. ft. Nagpur Plotted, Nagpur Spread across 58 acres, this project will offer approximately 1.5 million sq. ft. of plotted residential development, offering attractive plot sizes The estimated revenue potential from the
Slide 16: Launch Tracker FY23
LAUNCH TRACKER FY23 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New Project Launches Planned in FY23 New Phase Launches Planned in FY23 Project City Launch Project City Launch Status Status Area* Area* Godrej Horizon MM
Slide 17: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 9 awards in Q1 FY23 ILLUSTRATIVE LIST OF AWARDS GODREJ PROPERTIES PROJECT & INDIVIDUAL AWARDS Golden Peacock Award Gaurav Pandey Winner - CSR in Real Estate Category Realty Personality of the Year ET Realty Award (North) Godrej Woodland, Bangalore | Godre
Slide 18: Sustainability – ESG Performance and CSR Impact
SUSTAINABILITY – ESG PERFORMANCE AND CSR IMPACT GPL remains a part of FTSE4Good Index Series ESG Rating GPL reported a 14% improvement in its FTSE rating, compared to the previous year and Reporting GPL declared its Financial and ESG performance in its first Integrated Report for FY22 ESG We
Slide 19: Agenda
AGENDA Overview 01 Q1 FY23 Operational Highlights 02 Q1 FY23 Financial Highlights 03 Annexure 04 18 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY23
Slide 20: Consolidated Financial Statements – P & L
CONSOLIDATED FINANCIAL STATEMENTS – P & L (INR Cr) Particulars Q1 FY23 Q1 FY22 % Change Q4 FY22 % Change FY22 Total Income 375 232 61% 1,476 -75% 2,397 Adjusted EBITDA* 132 84 58% 439 -70% 750 EBITDA** 116 82 41% 403 -71% 705 Profit before tax 76 36 113% 354 -79% 516 Net Profit after tax 46 17 168%
Slide 21: Consolidated Cashflow
CONSOLIDATED CASHFLOW (INR Cr) Notes Particulars Q1 FY23 Operating cashflow Total operating cash inflow 1,801 A Operating cash outflow Construction and related outflow -877 Other project related outflow -902 Total operating cash outflow -1,778 Net operating cashflow 22 Financial cashflow B Interest
Slide 22: Consolidated Financial Statements – BS
CONSOLIDATED FINANCIAL STATEMENTS – BS (INR Cr) Sr. No Particulars As on 30.06.2022 As on 31.03.2022 A Assets Unaudited Audited 1 Non Current assets a Property, plant & equipment 111.01 104.62 b Right-of-Use Asset 22.58 24.73 c Capital Work-in-Progress 370.59 339.49 d Investment Property 33.57 34.03
Slide 23: Consolidated Financial Statements – BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 30.06.2022 As on 31.03.2022 B Equity and Liabilities Unaudited Audited 1 Equity a Equity share capital 139.00 138.99 b Other equity 8,582.45 8,536.40 c Non-controlling interest -4.06 -1.82 Total Equity 8,717.39 8,673.57 2 Liabi
Slide 24: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators Particulars Q1 FY2023 Q1 FY2022 Q4 FY2022 FY2022 Adjusted EBITDA / Total Income* 35.2% 36.1% 29.7% 31.3% EBITDA / Total Income** 30.9% 35.5% 27.3% 29.4% PBT Margin % 20.3% 15.4% 24.0% 21.5% # Net Profit Margin % 12.2% 7.3% 17.7% 14.7% *Adjusted EBITDA = EB
Slide 25: Agenda
AGENDA Overview 01 Q1 FY23 Operational Highlights 02 Q1 FY23 Financial Highlights 03 Annexure 04 24 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY23
Slide 26: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) Phase I to IV: Area Based - 73.6% 1 Godrej Garden City* Ahmedabad Residential 14.80 Own Phase V: Revenue Based - 67.6% Ongoing Phase VI: onwards - 17% of Reve
Slide 27: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 18 Sarjapur 5 Bangalore Residential 1.50 Own 100% owned project Forthcoming 19 Bannerghatta Road Bangalore Residential 3.61 Own 100% owned project; ~4.8% Area
Slide 28: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 34 Godrej Park Mumbai Residential 0.77 Own Revenue Based – 56.5% Forthcoming 35 Godrej Vihaa Mumbai Residential 1.30 DM DM Fee – 10% of Revenue Ongoing Profit
Slide 29: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 52 Worli Mumbai Residential 1.27 JV Profit Share - 50% Forthcoming 53 Matunga Mumbai Residential 0.19 Own Revenue Sharing - 89% Forthcoming 54 Godrej Riviera
Slide 30: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) Godrej Park Greens 71 Pune Residential 3.32 JV DM - 6.6% of Revenue & Profit Share - 44% Ongoing (Mamurdi) 72 Hinjawadi Pune Residential 10.20 JV Forthcoming
Slide 31: B. Commercial Projects
B. COMMERCIAL PROJECTS Est. Saleable/ Asset Ind AS Sr. No. Project Name Location Leasable Area Business Model Status Class Classification (mn sq. ft.) Phase I to IV: Area Based 73.6% 1 Godrej Garden City* Ahmedabad Residential 2.40 Own Phase V : Revenue Based - 67.6% Ongoing Phase VI : onwards - 17%
Slide 32: Thank You
THANK YOU For further information, please contact: Rajendra Khetawat Godrej Properties Limited Tel: +91 22 6169 8500 Fax: +91 22 6169 8888 Email: rajendra@godrejproperties.com
Slide 33: Press Release: Consolidated Financials for Q1 FY23 Results
GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai – 400079 PRESS RELEASE Consolidated Financials for Q1 FY23 Results Highest ever Q1 sales for GPL - Total booking value grew 407
Slide 34: Press Release: Business Development and Project Updates
It is a 100% owned project Existing Project Update: Godrej Tranquil Extension, MMR GPL has extended its existing arrangements with Shivam Realty to develop a residential group housing project at Kandivali The site is strategically located with easy access to the Western Express Highway offerin
Slide 35: Financial Overview (Consolidated)
Financial Overview (Consolidated) Q1 FY2023 performance overview compared with Q1 FY2022 Total Income stood at INR 375 crore as compared to INR 232 crore EBITDA stood at INR 116 crore as compared to INR 82 crore Net Profit stood at INR 46 crore as compared to INR 17 crore EPS# amounted to IN
Slide 36: About Godrej Properties Limited
About Godrej Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 125-year legacy of excellence and trust with a commitment to cutting edge design, technology,