Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q2 FY20 Earnings Presentation
22 slides from Kolte-patil Developers's earnings presentation, Nov 11, 2019
Slide 1: Exchange filing cover letter for Q2 FY20 results presentation
*; Creation, not constf uction. To, to, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationship Department, 'Exchange Plaza', 1"r Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street,
Slide 2: Q2 & H1 FY20 Results Presentation
KOLTE-PATIL DEVELOPERS LIMITED Q2 & H1 FY20 Results Presentation
Slide 3: Disclaimer
Disclaimer 2 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
Slide 4: Table of Contents
Table of Contents 3 1 2 3 4 5 6 Operational About Kolte- P&L / Balance Project-wise CEO’s Message & Performance Outlook Patil Developers Sheet Snapshot Details Highlights Ltd.
Slide 5: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance 4 Decades of presence Project portfolio - under Residential real estate being incorporated in execution, approval and IPO in Dec 2007 player in Pune 1991 land bank (Awarded as Most Reputed Brand in Pune) of units delivered across 74.63% 11.43% 13.94% ROCE – strong
Slide 6: Commenting on the performance for Q2 FY20
“Fully recognizing the importance of a vibrant real estate ecosystem in fulfilling our potential as an emerging economic superpower, the Government has followed up its previously implemented structural policy initiatives with the recently announced measures that will go a long way to impart liquidit
Slide 7: Operational Highlights – Q2 FY20
Operational Highlights – Q2 FY20 6 New area sales Q2 FY20 Q1 FY20 Q2 FY19 YoY QoQ H1 FY20 H1 FY19 YoY Volume (million sq. ft.) 0.50 0.51 0.77 -35.2% -1.8% 1.00 1.23 -18.6% Value (Rs. million) 2,678 2,837 3,998 -33.0% -5.6% 5,515 6,588 -16.3% Realization* (Rs./Sq. ft.) 5,401 5,616 5,223 3.4% -3.8% 5,
Slide 8: Performance Highlights – Q2 FY20
Performance Highlights – Q2 FY20 7 Revenue, Rs. Crore EBITDA, Rs. Crore PAT, Rs. Crore 102 46 45 380 308 302 78 34 283 66 68 254 56 24 24 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20 FY20 FY19 FY19 FY19 FY20 FY20 Note: The Company has adopted IND AS 115 d
Slide 9: New Sales Analysis – Q2 FY20
New Sales Analysis – Q2 FY20 8 msf. 0.59 0.59 0.49 0.46 0.77 0.80 0.63 0.51 0.50 100% 3% 3% 10% 4% 11% 3% 8% 5% 5% 5% 5% 3% 8% 13% 9% 1% 11% 80% 26% 16% 30% 38% 60% 41% 50% 36% 55% 62% 24% 42% 40% 55% 9% 28% 10% 34% 43% 20% 15% 37% 13% 22% 27% 16% 13% 14% 11% 16% 9% 0% Q2 FY2018 Q3 FY2018 Q4 FY2018
Slide 10: Abridged Cash Flows
Abridged Cash Flows 9 Q1 FY20 Q2 FY20 H1 FY20 Abridged Cashflows - Unaudited (Rs. crore) (Un-Audited) (Un-Audited) (Un-Audited) Opening Balance 67 81 67 Operating Cashflow Collections 343 293 636 Construction Cost -162 -133 -295 Other Expenses (including customer refunds) -54 -61 -115 Direct & Indir
Slide 11: Consolidated Debt Profile
Consolidated Debt Profile 10 Consolidated Debt Profile (Rs. crore) 30th September, 2019 31st March, 2019 CCM POCM^ CCM POCM^ Net Worth 936 1,161 840 1,100 Gross Debt 771 771 807 807 Less: OCD / CCD1 / OCRPS / Zero Coupon NCD* 184 184 224 224 Debt 587 587 583 583 Less: Cash & Cash Equivalents & Curre
Slide 12: Profit and Loss Snapshot – Q2 FY20 vs Q2 FY19
Profit and Loss Snapshot – Q2 FY20 vs Q2 FY19 11 P&L Snapshot (Rs. crore) Q2 FY20* Q2 FY19* Q2 FY20^ Q2 FY19^ YoY COMMENTS ON P&L - POCM Reported Reported Revenue Recognition Method POCM POCM POCM CCM CCM • Revenue in Q2 FY20 on POCM Revenue from Operations 191.9 211.04 301.7 254.2 18.7% basis dri
Slide 13: Profit and Loss Snapshot – H1 FY20 vs H1 FY19
Profit and Loss Snapshot – H1 FY20 vs H1 FY19 12 REASONS FOR VARIANCE P&L Snapshot (Rs. crore) H1 FY20* H1 FY19* H1 FY20^ H1 FY19^ YoY (POCM) Reported Reported Revenue Recognition Method POCM POCM POCM CCM CCM Revenue from Operations 777.6 601.6 609.7 532.2 14.6% • Revenue in H1 FY20 on POCM Cost
Slide 14: Revenue Recognition – Q2 FY20 vs Q2 FY19
Revenue Recognition – Q2 FY20 vs Q2 FY19 13 Q2 FY20 – Rs. 191 crore Q2 FY20 – Rs. 302 crore Q2 FY19 – Rs. 254 crore (CCM) (POCM) (POCM) Life Republic 45% Western Avenue 19% Opula 18% Western Avenue 19% Bengaluru projects 19% Western Avenue 17% Life Republic 16% Opula 9% Opula 15% Bengaluru Projects
Slide 15: Revenue Recognition – H1 FY20 vs H1 FY19
Revenue Recognition – H1 FY20 vs H1 FY19 14 H1 FY20 – Rs. 776 crore H1 FY20 – Rs. 610 crore H1 FY19 – Rs. 532 crore (CCM) (POCM) (POCM) Western Avenue 26% Western Avenue 22% Western Avenue 20% Opula 16% Life Republic 19% Life Republic 23% Bengaluru projects 15% Opula 12% Ivy Estate 14% Life Republic
Slide 16: Sales & Collections – Ongoing Projects – Q2 FY20
Sales & Collections – Ongoing Projects – Q2 FY20 15 Gross Details (including partner’s share) Area Sold Sales value APR Collections Projects Location (msf.) (Rs. mn.) (Rs./sft.) (Rs. mn.) Life Republic - Phase I & II Hinjewadi, Pune 0.21 1,049 4,939 799 Ivy Estate – Phase II & III Wagholi, Pune 0.05
Slide 17: KPDL Project Portfolio – 30.09.2019
KPDL Project Portfolio – 30.09.2019 16 Gross Details Gross Details (including partner’s share) (including partner’s share) Ongoing & Under Ongoing & Under Projects KPDL Share Land Bank Projects KPDL Share Land Bank Unsold Approval* Unsold Approval* 24K Opula 100% 0.11 - - Jai Vijay 100% 0.05 - - 24K
Slide 18: Improving Return Ratios
Improving Return Ratios 17 ROE ROCE 18.4% 16.3% 15.9% 15.6% 14.5% 12.1% 12.3% 13.0% 12.8% 11.1% 10.1% 7.5% Mar '16 Mar '17 Mar '18 Mar '19 Jun '19 Sep '19 Note: Numbers on POCM basis
Slide 19: Business Outlook
Business Outlook 18 SECTOR CONSOLIDATION DIVERSIFYING GEOGRAPHICAL PRESENCE EFFICIENT CAPITAL DEPLOYMENT • Implementation of RERA and GST has • 1.2 msf across 12 asset-light society • Continue to evaluate strategic and financial consolidated demand to organized, execution- redevelopment projects in
Slide 20: Awards & Recognition
Awards & Recognition 19 Times Realty Icons Brand Realtor 2019 KPDL By Times Realty Icons
Slide 21: Awards & Recognition
Awards & Recognition 2AK 24K SHINES AGAIN We are delighted to share that our uber luxurious residential projects have received the prestigious Realty Plus awards.
Slide 22: About Kolte-Patil Developers Ltd.
About Kolte-Patil Developers Ltd. 21 Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL), incorporated in 1991, is a For further information, please contact: leading real estate company with dominant presence in the Pune residential market. Kolte- Patil is a trusted name with a reputation for
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