Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q4 FY2023 Earnings Presentation
27 slides from Kolte-patil Developers's earnings presentation, May 25, 2023
Slide 1: Exchange filing cover letter for Q4 and FY23 results presentation
To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationship Department, ‘Exchange Plaza’, 1st Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001
Slide 2: Kolte-Patil Developers Limited Q4 & FY23 Results Presentation
Kolte-Patil Developers Limited Q4 & FY23 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 Key Highlights Abridged Cash 4 Priority Launches 5 Performance Highlights 6 Flows & Consolidated Debt Profile 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 Asset-light Sustained Successive ROCE ~14% Among the Consistently growth market years of debt (Two year average) healthiest sectorial positive leadership reduction sales throughputs operating cash flows Sound Diversifying Stronger sales Collections Sales
Slide 6: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance Leading 3 Decades ~36 MSF Residential real estate player of presence being Project portfolio - under in Pune incorporated in 1991 execution, approval, land (Awarded as Most Reputed Brand in Pune) bank and DMA > 26 MSF ~14% Diversifying Presence of area delivered a
Slide 7: CEO's Message
CEO’s Message Commenting on the performance for Q4 & FY23 Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said “I am extremely pleased to share that Kolte-Patil has delivered record performance in FY23 with highest ever levels of sales value, sales volumes, and collections. The Company h
Slide 8: Key Highlights
Key Highlights New Launches - FY23 1 • Launched over ~3 mn. sq. ft. across projects in Pune and Mumbai Strategic partnerships/agreements • Partnered with Planet Smart City to jointly develop ~0.65mn sq. ft. at Kiwale, Pune. 2 • Received Rs. 206.5 crore in Arpil’23 from Marubeni Corporation, (Japan)
Slide 9: Kolte-Patil Developers – Way Forward
Kolte-Patil Developers – Way Forward Sales Value (Rs. crore) Pune to contribute 70% to sales by FY25 Pune • Acquire additional projects with top-line potential of Rs. 5,000 crore in FY24 FY25 3,500 (E) • Strengthen presence in the existing key micro-markets of West and East Pune • Enter new micro-ma
Slide 10: Operational Highlights – Q4 & FY23
Operational Highlights – Q4 & FY23 New area sales Q4FY23 Q3FY23 Q4FY22 QoQ YoY FY23 FY22 YoY Volume (million sq. ft.) 0.97 1.13 0.78 -14% 25% 3.27 2.71 21% Value (Rs. Crore) 704 716 501 -2% 41% 2,232 1,739 28% Realization (Rs./sq. ft.) 7,225 6,339 6,418 14% 13% 6,817 6,407 6% Collections (Rs. Crore)
Slide 11: Region-wise Sales – Q4 FY23
Region-wise Sales – Q4 FY23 Total Projects Mumbai Pune Bengaluru Total Area Sold 0.05 msf 0.91 msf 0.01 msf 0.97 msf (5%) (94%) (1%) Total Sales Value Rs. 109 crore RS. 589 crore RS. 6 crore Rs. 704 crore (16%) (83%) (1%) Total Collection Rs. 174 crore RS. 391 crore Rs. 24 crore Rs. 589 crore (30%)
Slide 12: Sales & Collections – Ongoing Projects – Q4 FY23
Sales & Collections – Ongoing Projects – Q4 FY23 Area Sold Sales Value APR Collections Projects Location (msf.) (Rs. Crore.) (Rs./sft.) (Rs. Crore.) Life Republic (LR) Hinjewadi 0.44 268 6,045 140 Universe(R10), LR Hinjewadi 0.22 170 7,735 64 Giga Platinum Viman nagar 0.05 45 8,825 - Stargaze Bavdha
Slide 13: Region-wise Sales – FY23
Region-wise Sales – FY23 Total Projects Mumbai Pune Bengaluru Total Area Sold 0.21 msf 2.98 msf 0.08 msf 3.27 msf (6%) (91%) (3%) Total Sales Value Rs. 394 crore RS. 1,790 crore RS. 48 crore Rs. 2,232 crore (18%) (80%) (2%) Total Collection Rs. 475 crore RS. 1,309 crore Rs. 118 crore Rs. 1,902 crore
Slide 14: Sales & Collections – Ongoing Projects – FY23
Sales & Collections – Ongoing Projects – FY23 Area Sold Sales Value APR Collections Projects Location (msf.) (Rs. Crore.) (Rs./sft.) (Rs. Crore.) Life Republic (LR) Hinjewadi 1.19 695 5,842 383 Universe(R10), LR Hinjewadi 0.57 375 6,569 180 Giga Platinum Viman nagar 0.17 147 8,825 27 Stargaze Bavdha
Slide 15: New Sales Analysis – Q4 FY23
New Sales Analysis – Q4 FY23 Volume 0.35 0.560.67 0.85 0.40 0.67 0.86 0.78 0.56 0.61 0.56 msf. (mn. sq.ft.) 0.40 0.86 0.78 0.61 1.13 0.97 68% 58% 41% 41% 34% 34% 31% 31% 25% 23% 23% 23% 22% 22% 21% 21% 19% 19% 19% 18% 17% 17% 16% 16% 15% 14% 13% 12% 12% 11% 10% 10% 10% 9% 8% 6% 5% 4% 1% 0% Q1 FY22 Q
Slide 16: Priority Launches
Priority Launches FY23 - Launches FY24 - Expected Launches Phase I launch Phase I launch Total Saleable Projects Location Use Topline Potential potential potential Area (msf.) (msf) (In Crore) Kiwale Kiwale Residential 2.50 1,400 0.80 450 Baner Baner Mixed Use 1.60 1,450 0.90 800 Pimple Nilakh Pimpl
Slide 17: Mumbai Metropolitan Region - Expanding Footprint
Mumbai Metropolitan Region - 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 Vishw
Slide 18: Performance Highlights – FY23
Performance Highlights – FY23 Sales Value (Rs. crore) Sales Volume (msf) APR (Rs./sft.) 21% 28% 6% 1,432 1,331 1,201 1,739 2,232 2.70 2.51 2.08 2.71 3.27 5,302 5,309 5,785 6,407 6,817 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Collections (Rs. crore) Delivery (msf) Ne
Slide 19: Performance Highlights – Q4 FY23
Performance Highlights – Q4 FY23 Sales Value (Rs. crore) Sales Volume (mn. sq. ft.) APR (Rs./sft.) Collections (Rs. crore) 1.13 716 704 0.97 589 7,260 7,225 6,418 6,622 6,339 500 0.78 474 501 435 445 404 0.61 367 0.56 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY23 FY23 FY
Slide 20: Abridged Cash Flows
Abridged Cash Flows FY23 Q4 FY23 Abridged Cash flows - (Rs. crore) Un-Audited Un-Audited Opening Balance* - A 350 269 Operating Activities Collections 1805 545 Construction Cost -894 -241 Other Expenses -244 -41 Direct & Indirect Taxes -138 -47 Operating Cashflow – B 529 215 Financing Activities Int
Slide 21: Consolidated Debt Profile
Consolidated Debt Profile Consolidated Debt Profile (Rs. crore) 31st Mar, 2023 31st Dec, 2022 31st Mar, 2022 CCM CCM CCM Net Worth 1046 930 959 Gross Debt 542 469 522 Less: OCD/CCD/OCPRS/Zero Coupon NCDs 73 80 100 Debt 468 389 421 Less: Cash & Cash Equivalents & Current Investments** 356 195 290 Net
Slide 22: Consolidated Profit and Loss Snapshot
Consolidated Profit and Loss Snapshot P&L Snapshot Q4 Q3 Q4 QoQ YoY FY23 FY22 YoY (Rs. crore) FY23 FY23 FY22 Revenue from 796.9 368.1 376.1 116.5% 111.9% 1,488.4 1,117.5 33.2% Operations EBITDA 173.4 -25.5 40.5 - 328.5% 189.3 186.2 1.7% EBITDA Margin (%) 21.8% -6.9% 10.8% - - 12.7% 16.7% - Profit be
Slide 23: KPDL Project Portfolio – 31.03.23
KPDL Project Portfolio – 31.03.23 Gross Details (including partner’s share) Gross Details (including partner’s share) Projects KPDL Ongoing & Under KPDL Ongoing & Under Land Bank Total Projects (Mumbai) Land Bank Total (Pune Excl. LR) Share Unsold Approval Share Unsold Approval Giga 100% - 0.69 - 0.
Slide 24: Business Outlook
Business Outlook Sector consolidation Diversifying geographical presence Efficient capital deployment • Formalization of the Indian real estate sector, driven • 12 society redevelopment projects in Mumbai - 2 • Continue to evaluate strategic and financial by conducive legislations now in place and f
Slide 25: Small to mid sized journey completed. Mid to large sized journey begins
Small to mid sized journey completed. Mid to large sized journey begins This is where we are This is where we wish to go Leading real estate brand in Pune Amongst India’s top five real estate players ~20% sales value from Mumbai and Bengaluru in R Double our sales while improving profitability FY23
Slide 26: Awards and Recognitions
Awards and Recognitions - KPDL received 60+ awards in the last five years KPDL Awards Trusted Brand of the Year, Times Top Developer of the year, Times Real India’s Top Challengers, Construction India’s Most Trusted Real Estate Brand, Realty, 2021-22 Estate Icons , 2020-21 World Global Aw, 2020-21 T
Slide 27: 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 presence in Mumbai and Bengaluru. Kolte-Patil is a trusted name with a reputat
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