Valor Estate Ltd · NSE:DBREALTY
Valor Estate — Investor Presentation (February 2025)
58 slides from Valor Estate's investor presentation, Feb 12, 2025
Slide 1: Stock exchange intimation letter
Date: 12th February, 2025 The General Manager, The Vice-President, Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Dalal Street, Bandra – Kurla Complex, Mumbai 400 001 Bandra (E),Mumbai – 400 051 Scrip Code : 533
Slide 2: Valor Estate Limited Corporate Presentation
Valor Estate Limited Corporate Presentation Feb 2025
Slide 3: Forward looking statements
Forward looking statements This presentation and discussion may include predictions, estimates, or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on the future, they are subject to risks and uncertainties that could c
Slide 4: Contents
Contents 1 Company Overview 2 Business Update Growth Strategy & 3 Vision 4 Project Portfolio 5 Key Projects’ Update 3
Slide 5: Valor Estate Ltd
Valor Estate Ltd India’s leading Brownfield-focused Land developer 4
Slide 6: Company Overview
Company Overview Godrej Avenue Eleven, Mahalakshmi, Mumbai 5
Slide 7: Valor Estate Ltd (VEL) – Key Highlights
Valor Estate Ltd (VEL) – Key Highlights VEL is one of the largest landowners in MMR and an undisputed leader in brownfield ~513 acres land development in the city. Owned Land Bank MMR focussed Real Estate company with diversified Extensive Owned Land Bank INR 29,290+ cr Revenue Potential in next 5 -
Slide 8: VEL's Expertise in Land Banking
Strategic Land update VEL's Expertise in Land Banking Valor Estate’s 100% Owned Prime Land 247 Acres Prime land in Mira Road, Mumbai Valor Estate's Focus Only listed land developer with an exclusive focus on brownfield development Land lease rental for next 5 years INR 248 Cr p.a. for setting up of
Slide 9: Strategic Development: Valor Estate's Methodology from Land to Landmark
Strategic Development: Valor Estate's Methodology from Land to Landmark Project Development Project Potential Land Site Technical, Legal Financing & Pricing, Project Lifecycle Identification & vacation & Documentation & Regulatory Planning & Project Marketing Construction Title Acquisition Approvals
Slide 10: Diversified Portfolio & an Unique Revenue Model
Diversified Portfolio & an Unique Revenue Model Valor Estate’s portfolio is well balanced with diverse revenue streams across, residential, commercial, hospitality & retail. Valor Estate Portfolio Well diversified balanced portfolio Diverse project mix addresses different societal needs, buffering a
Slide 11: Leading with excellence
Leading with excellence Vinod Kumar Goenka Shahid Balwa Nabil Patel Chairman & Managing Director Vice Chairman & Managing Director Director - Sales and Marketing 35+ years experience 20+ years experience 20+ years experience Industrialist, Hotelier & Real Estate Developer Industrialist, Hotelier
Slide 12: Business Update
> Business Update he - = 1M — a REALTY
Slide 13: Q3 FY25 Business Highlights
Q3 FY25 Business Highlights Financial Updates (Consolidated) Business & Project Updates TEN BKC – OC received (INR crores unless stated) ❑ Part OC has been received and the project is nearing completion. Q3 Q2 Q3 9M 9M ❑ Expected to be delivered around the mid - 2025. Particulars FY25 FY25 FY24 FY25
Slide 14: Our Growth Strategy & Vision
Our Growth Strategy & Vision 13
Slide 15: VEL's 5 to 7 Years Trajectory: Charting the Course for Growth
VEL’s 5 to7 Years Trajectory: Charting the Course for Growth Valor Estate’s 5-year Road map Commercial & Hotel & Service Residential Apartment Retail Value of Annuity Annuity Area Sold Revenue Revenue FY31 E FY25 E FY29 E FY35 E FY26 E FY27 E – FY31 E FY26 E Stabilised Annuity Revenue Stabilised Ann
Slide 16: Well-positioned to become a leading MMR developer
Well-positioned to become a leading MMR developer Total Land Area 513+ acres VEL owns one of the largest developable land banks in MMR. Estimated Timeline* Land Area Location DB Share Proposed Development for development & (Acres) commencement Mira Road 100% 247.1 Integrated Township 2030# Malad (We
Slide 17: Strategic Demerger of Hospitality business
Strategic Demerger of Hospitality business Real Estate Hospitality Residential Hospitality (Existing +expansion) Ongoing & Forthcoming No. of Hotels Keys Upcoming 26.4 msf 5.3 msf 2 557 Commercial Hospitality (UC + Forthcoming) Commercial Ongoing No. of Hotels Keys 13.0 msf + 186 acres leasable land
Slide 18: Project Portfolio
Project Portfolio BKC 101, Mumbai 17
Slide 19: Portfolio Summary
Portfolio Summary Real Estate Hospitality Commercial & Residential Retail 3 projects 6 projects Operational 2 projects Completed Ongoing + 2.0 msf 13.4 msf 557 Keys Expansion + 9 projects 2 projects Ongoing + 186 acres Under Upcoming 26.4 msf Leasable land construction 779 Keys 4 projects 3 projects
Slide 20: Residential Segment
Residential Segment DB Woods - Goregaon, Mumbai 19
Slide 21: Residential Housing Scenario – India & MMR
Residential Housing Scenario – India & MMR Market Size of Real estate in India ($ Bn) Urban Population in India (Mn) 675.5 5,800 607.3 542.7 • Booming Real Estate Sector 483.0 Favorable • Rising Urban population Sector Outlook • >50% Incremental Supply from 650 1,000 180 branded developers 2020 2025
Slide 22: Well diversified presence across Mumbai
Well diversified presence across Mumbai DB Ozone Ten BKC Godrej Avenue Eleven DB Hills Dahisar, Mumbai Mumbai Mumbai Chandivali, Mumbai ❑ Sales Area: 2.5 msf ❑ Sales Area: 1.5 msf ❑ Sales Area: 1.4 msf ❑ Sales Area: 1.5 msf ❑ GDV: Rs. 1,140+ cr ❑ GDV: Rs. 4,540+ cr ❑ GDV: Rs. 3,700+ cr ❑ GDV: Rs. 1,
Slide 23: Ongoing Residential Projects
Ongoing Residential Projects Ongoing Residential Projects – Under Construction / OC / Finishing WIP stage Total Project’s GDV VEL GDV share Total Saleable Area Balance Revenue Potential INR 5,600+ Cr INR 3,400+ Cr 4.0 msf INR 1,600+ Cr Revenue Status, Total Value of Revenue Value of VEL Revenue Proj
Slide 24: Upcoming Residential Projects
Upcoming Residential Projects Upcoming Residential Projects – Land Title Acquisition / Planning & Design stage Total Project’s GDV Total Saleable Area VEL Revenue Potential INR 52,000+ Cr 22.4+ msf INR 16,000+ Cr Revenue Total Saleable VEL Revenue Potential Status, Total Project GDV Project Name Mod
Slide 25: Future Projects in pipeline
Future Projects in pipeline GDV (Sales Potential) Total Saleable Area INR 11,650+ Cr 5.1 msf Total Saleable Area GDV (Sales Potential) VEL Economic Expected Project Name Location (msf) (INR Cr) Interest (%) Start Year (FY) DB Park Mumbai Central, Mumbai 1.4 4,500 100.0% 2026 DB Views Saat Rasta, Mum
Slide 26: Commercial Segment
BKC 101, Mumbai BKC 101, Mumbai Commercial Segment The Prestige, Mahalakshmi e Prestige Trade Centre, Delhi 25
Slide 27: Key Industry metrics – Commercial segment
Key Industry metrics – Commercial segment India Commercial Real Estate Market ($ Bn) ❑ Significant growth outlook in Full return to office 107 Commercial & Office segments despite of a global downturn CAGR of 21.1% Within ~3 years Favorable 41 Sector Outlook ❑ Inflation pressures expected to ~90% of
Slide 28: Marquee Commercial projects
Marquee Commercial projects Prestige Trade Centre Forum Mall BKC 101 New Delhi (Jijamata Nagar) BKC, Mumbai Worli, Mumbai ❑ Leasable Area: 0.6 msf ❑ Leasable Area: 4.8 msf ❑ Leasable Area: 2.4 msf (Office 1.2 + Mall 1.0 + Club 0.2 msf) (0.7 msf #) ❑ Potential Annuity: Rs. 160 cr ❑ Potential Annuity:
Slide 29: Commercial Projects Summary
Commercial Projects Summary Projects Total Annuity Revenue Potential Annuity Revenue Potential - Valor Total Leasable Area 6 INR 2,358 Cr INR 1,803 Cr 13.4 msf + 186 acres Under Construction Projects Annuity Annuity Expected VEL Revenue Stream Total Leasable Revenue Revenue Project Name Location Pro
Slide 30: Hospitality Segment
Grand Hyatt, Goa The Riverwalk, BKC, Mumbai Prestige Trade Centre, Delhi Hospitality Hilton, Andheri, Mumbai Segment 29
Slide 31: India's Thriving Hospitality Industry
India’s Thriving Hospitality Industry High Occupancy 40% hotels in India Nationwide occupancy grew Rate have over 70% by 3.8 pp from YTD December occupancy 2022 to YTD December 2023 Decade High RevPAR grew by 30% from RevPAR is expected to RevPAR YTD December 2022 to increase from INR 3,300 in YTD D
Slide 32: Our Hospitality Portfolio: 7 Projects
Transforming opportunities into long-term assets and value Targeting 3,211 keys in Mumbai, Delhi, and Goa by FY31 7 Projects Our Hospitality Portfolio 6 Hotels + 1 Service Apartments Hilton Grand Hyatt Marriott Codename Riverwalk Service INR 2,000 – 2,500 cr Mumbai Goa Marquis Worli BKC* Apartments
Slide 33: Marquee Hospitality Projects
Marquee Hospitality Projects Hilton International Grand Hyatt Marriott Marquis & St. Regis 27 acres of prime Beach-facing freehold Largest integrated hospitality development in 24 years of operational excellence land 13 years of operational excellence India 171 premium rooms, with 10,000 313 Keys +
Slide 34: Hospitality Projects Summary – Operational & Upcoming
Hospitality Projects Summary – Operational & Upcoming Operational Projects Annuity Gross Revenue (FY25E) EBITDA (FY25 E) 2 ~INR 370 Cr ~INR 172 Cr No. of Keys FY25-E Annuity Revenue No. of Keys FY25-E EBITDA Current Project Name Location (Expected - Gross Revenue Current Status Share (Current) VEL S
Slide 35: Hospitality Projects Summary - Forthcoming
Hospitality Projects Summary - Forthcoming Upcoming Projects Potential Keys Incremental Stabilized Annuity Gross Revenue Incremental EBITDA (FY35 E) 3 1,875 ~INR 1,160 Cr ~INR 545 Cr Expected Stabilised Revenue No. of Keys Project Name Location Annuity Revenue Current Status Expected Launch Share (F
Slide 36: Key Projects' Update
Key Projects’ Update 35
Slide 37: The Mira Road Land parcel Key Highlights
The Mira Road Land parcel Key Highlights 100% ownership Fully owned by Valor Estate Limited (VEL) 247+ acres Spanning over 247 acres of land. Building Tomorrow's Infrastructure Leased for Coastal Road project Temporarily leased for Coastal North Road project by BMC Facilitating Mira Road's Transform
Slide 38: The Mira Road Land parcel Current Status
The Mira Road Land parcel Current Status Current Status Land filling underway 37
Slide 39: The Mira Road Land parcel Future Potential
The Mira Road Land parcel Future Potential High-tech Integrated Township VEL to develop a world-class integrated township 50+ million sq. ft. Development potential. INR ~20,000/- per sq. ft Current residential capital value (carpet area) Integrated Hi-tech Township Vision 20-year plan for a high-tec
Slide 40: TEN BKC (X BKC) - Mumbai
TEN BKC (X BKC) - Mumbai A beacon of modern living and one of the largest luxury residential projects in Mumbai it is located in the heart of the bustling business district of BKC. This prestigious development is designed to offer a blend of luxury, convenience, and style. With state-of-the-art amen
Slide 41: TEN BKC (X BKC) - Current Status & Key Stats
TEN BKC (X BKC) - Mumbai Current Status & Key Stats Key Update in Q3 FY25 – Part OC received Finishing WIP Mid 2025 ~INR 4,544 cr ~INR 2,299 cr ~INR 1,452 cr INR 26,571 Current Status Expected Completion Total Project GDV VEL GDV Share Revenue Potential Realization per sq. ft Compound Wall Site Bran
Slide 42: TEN BKC (X BKC) - Strategic Location
TEN BKC (X BKC) - Mumbai Strategic Location ➢ Prime location amidst Mumbai's iconic landmarks. ➢ Proximity to elite schools, exquisite restaurants, and premier hospitals. ➢ Exceptional connectivity through major roads and infrastructure. ➢ Situated at the epicenter of Mumbai's dynamic pulse. ➢ Offer
Slide 43: TEN BKC – BKC's New Beacon of Opulence
TEN BKC – BKC’s New Beacon of Opulence Set against the backdrop of Bandra's evolving skyline, the ~5-acre sanctuary of Ten BKC is the epitome of luxury living in Mumbai. With meticulously crafted living spaces that blend sophisticated urban aesthetics with the tranquillity of nature. Worldclass amen
Slide 44: Prestige Trade Centre - Aerocity, New Delhi
Prestige Trade Centre - Aerocity, New Delhi Project Highlights & Current Status 779 0.6 msf 2 lakh sq.ft. Prestige Estate Potential No. of Hotel Keys Commercial Leasable Area Conference facility Strategic JV partner Terrace Slab 43
Slide 45: Prestige Trade Centre – Aerocity, New Delhi
Prestige Trade Centre – Aerocity, New Delhi Marriott Marquis & St. Regis – India’s Largest integrated hospitality development 590 Keys 189 Keys ~INR 450 cr ~INR 190 cr Marriott Marquis St. Regis FY29-E Stabilised Annuity Gross Revenue (VEL) FY29-E Stabilised EBITDA (VEL) Artistic Impression Mock Gue
Slide 46: Codename Worli - Jijamata Nagar
Codename Worli - Jijamata Nagar Project Highlights ~5 msf ~INR 16,000 cr ~INR 8,000 cr ~2 msf ~INR 350 cr p.a. Residential Sales Area Total Project GDV VEL GDV Share Total Leasable Area (Mall) Potential Revenue VEL Share Location & Surrounding green spaces 45
Slide 47: Codename Worli - Jijamata Nagar Current Status
Codename Worli - Jijamata Nagar Current Status Prestige Estate Planning stage FY30 Strategic Partner Current Status Expected Completion 46
Slide 48: Codename Bandra West - Mumbai
Codename Bandra West - Mumbai Project Highlights 1.6 msf FY28 BANDRA, MUMBAI. ~INR 9,500 cr OM METALS BANDRA LO CAT IO N PLAN ~INR 1,600 cr ~INR 1,600 cr Residential Sales Area Expected Completion Total Project GDV VEL GDV Share Revenue Potential Project Area - Aerial view Location INDIA 47
Slide 49: Codename Bandra West - Current Status
Codename Bandra West - Mumbai Transit Camps Under construction Current Site Status Artistic Impression 48
Slide 50: Codename Sahar, Mumbai
Codename Sahar, Mumbai Project Highlights ~1.3 msf Prestige Estates FY28 ~INR 250 cr p.a. ~INR 125 cr p.a. Total Leasable Area Strategic Partner Expected Completion Total Potential Annuity Revenue Potential Annuity Revenue VEL share Project Area View Location Recent Groundbreaking ceremony 49
Slide 51: Godrej Avenue Eleven – Mahalakshmi, Mumbai
Godrej Avenue Eleven – Mahalakshmi, Mumbai Project Highlights 1.4 msf Godrej Properties ~INR 3,600 cr ~INR 50 cr FY29 Residential Sales Area Strategic JV partner Total Project GDV VEL Revenue Potential Expected Completion Artistic Impression Artistic Impression Current Construction Status - Under Co
Slide 52: BKC 101 – Mumbai
BKC 101 – Mumbai Project Highlights ~4.8 msf ~0.7 msf ~INR 400 cr p.a. 100% FY28 Total Leasable Area Fixed Area VEL share Total Potential Annuity Revenue VEL Economic Interest Expected Completion Current Status - Under construction Location Current Site Status 51
Slide 53: BKC 101 – Mumbai
BKC 101 – Mumbai Artistic Impression 52
Slide 54: The Prestige – Mahalakshmi, Mumbai
The Prestige – Mahalakshmi, Mumbai Project Highlights ~4.3 msf ~1.1 msf 100% FY29 ~INR 600 cr p.a. Total Leasable Area Fixed Area VEL share VEL Economic Interest in 1.1 msf Expected Completion Total Potential Annuity Revenue Current Construction Status - Under construction Artistic Impression Tower
Slide 55: Codename Malad West – Mumbai
Codename Malad West – Mumbai Project Highlights 1.2 msf Macrotech Proposed Development 2029 ~INR 470 Cr (Lodha) Potential Revenue VEL share Total Leasable Area Strategic Partner 3 Residential Towers Expected Completion Project Location (Goregaon West) Artistic Impression 54
Slide 56: Codename Malad East – Mumbai
Codename Malad East – Mumbai Project Highlights ~7.8 msf ~INR 7,000 Cr FY28 Design stage Total Construction Area Total GDV (incl TDR + Credit Note) Expected Completion Current Status Project Area View 55
Slide 57: The Lonavala Land parcel
The Lonavala Land parcel Project Highlights 250 Acres Integrated Township FY26 100% Land Area Proposed Development Expected Commencement VEL Economic Interest Project Area View 56
Slide 58: Thank You
Thank You Valor Estate Limited. Ernst & Young LLP investorrelations@dbg.co.in Investor Relation Advisory +91-22-49742706 Vikash Verma Sumedh Desai Vikash.Verma1@in.ey.com Sumedh.desai@in.ey.com 57