Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q2 FY2023 Earnings Presentation
39 slides from Godrej Properties's earnings presentation, Nov 9, 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 CIN: L74120MH1985PLC035308 November 09, 2022 BSE Limited Phiroze Jeejeebhoy Tower
Slide 2: Results Presentation Second Quarter, Financial Year 2023
R E S U LT S P R E S E N T A T I O N SECOND 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 Q2 FY22 Operational Highlights 02 Q2 FY22 Financial Highlights 03 Annexure 04 3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 5: Godrej Group
GODREJ GROUP Established in 1897 Value Creation Track Record $5 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% 17 Godrej ranks amongst the most trusted Indian brands2 Go
Slide 6: Godrej Properties
GODREJ PROPERTIES Established in 1990 Indias largest developer by residential sales in FY21 Successfully delivered ~23 million sq. ft. of real estate in the Chandigarh 0.5, 1 NCR past five years 28.4, 17 ~197 million sq. ft. of saleable area across India Differentiated asset-light busines
Slide 7: Strengths
STRENGTHS 1 1.1 billion people globally use a Godrej product 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 9.7% 3.37 Godrej Properties 13.8% 5.19 BSE Realty Index -1.1% 0
Slide 9: Agenda
AGENDA Overview 01 Q2 FY22 Operational Highlights 02 Q2 FY22 Financial Highlights 03 Annexure 04 8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 10: Q2 FY22 Operational Highlights
Q2 FY22 OPERATIONAL HIGHLIGHTS Q2 FY23 booking value stood at INR 2,409 crore Sales Highlights GPLs highest ever 1st half sales - booking value stood at INR 4,929 crore 4 new project/phase launches across 3 cities Added two new residential projects in MMR and Bengaluru with an estimated boo
Slide 11: Sales Highlights
SALES HIGHLIGHTS Particulars Q2 FY23 Q2 FY22 Growth Q1 FY23 Growth H1 FY23 H2 FY22 Growth Area Sold ( sq. ft.) 2,712,625 3,612,142 -25% 2,829,405 -4% 5,542,030 4,383,959 26% Booking Value (INR Cr) 2,409 2,574 -6% 2,520 -4% 4,929 3,072 60% Customer Collections* (INR Cr) 1,930 1,387 39% 1,555 24% 3,48
Slide 12: Sales Highlights (Contd.) City-wise Sales Breakdown
SALES HIGHLIGHTS (Contd.) City-wise Sales Breakdown NCR MMR • Registered booking value of INR 852 crore through sale • Registered booking value of INR 565 crore through sale of 424 units with total sales of 0.79 million sq. ft. of 344 units with total sales of 0.41 million sq. ft. Pune Bengaluru • R
Slide 13: Project Booking
PROJECT BOOKING Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Residential Projects Q2 FY23 H1 FY23 Q2 FY23 H1 FY23 Godrej Splendour, Bengaluru 582,196 582,196 395 395 Godrej Woodsville, Pune 318,308 318,308 225 225 Godrej Ascend, MMR 181,574 562,693 203 617 Godrej Horizon Mumbai, MMR 74,
Slide 14: Project Booking (Contd.)
PROJECT BOOKING (Contd.) Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Commercial Projects Q2 FY22 H1 FY22 Q2 FY22 H1 FY22 Godrej Eternia, Chandigarh 10,875 34,305 8 27 Total 10,875 34,305 8 27 Grand Total 2,712,625 5,542,030 2,409 4,929 13 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 F
Slide 15: Quarterly Sales Trend
QUARTERLY SALES TREND Quarterly Sales Value 3,248 2,632 2,574 2,520 2,409 (INR cr) 1,488 1,541 497 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 4.2 Quarterly Sales Volume 4.2 3.6 2.8 2.7 (Million sq.ft.) 2.4 2.2 0.8 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 1
Slide 16: Business Development
BUSINESS DEVELOPMENT Added 2 new projects in MMR and Bangalore with an estimated booking value of INR 1,950 crore 1. Carmichael Road, MMR • Spread across approximately 0.5 acres, the project will offer 0.12 million sq. ft. of luxury residential development near Carmichael Road, an upmarket residenti
Slide 17: Business Development
BUSINESS DEVELOPMENT Post Q2 FY23 - Added two new projects in MMR and Pune with an estimated booking value of INR 2,500 crore Manor-Palghar, MMR • Spread across approximately 50 acres, the project will offer 1.20 million sq. ft. of residential plotted development located in the fast-developing micro
Slide 18: Launch Tracker FY22
LAUNCH TRACKER FY22 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New Project Launches Planned in FY22 New Phase Launches Planned in FY22 Project City Launch Launch Status Area* Project City Status Area* Godrej Horizon MM
Slide 19: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered 0.81 million sq. ft. in MMR in Q2FY23 Godrej Emerald, MMR 0.81 million sq.ft GPL Economic Interest : 20% 18 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 20: Global Recognition for Sustainability Initiatives
GLOBAL RECOGNITION FOR SUSTAINABILITY INITIATIVES Ranked #1 amongst residential developers globally by GRESB (Global Real Estate Sustainability Benchmark) • GRESB is an industry-driven organization committed to rigorous and independent evaluation of the sustainability performance of real estate asse
Slide 21: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 38 awards in Q2 FY23 ILLUSTRATIVE LIST OF AWARDS PROJECT AWARDS Godrej City, Mumbai | Godrej Hill Retreat , Pune | Godrej Nature Plus, NCR Platinum Award - Grow Care India Occupational Health & Safety Awards 2022 Godrej RKS, Mumbai | Godrej Hill Retreat, Pune
Slide 22: Sustainability – ESG Performance and CSR Impact
SUSTAINABILITY – ESG PERFORMANCE AND CSR IMPACT GPL has been recognized as a Sector Leader Globally and in Asia for Residential Development in 2022 by Global Real Estate ESG Rating Sustainability Benchmark (GRESB) GPL has been awarded a full score of 100 and rated A for the Public Disclosure a
Slide 23: Agenda
AGENDA Overview Q2 FY22 Operational Highlights 02 Q2 FY22 Financial Highlights Annexure 04 03 22 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 24: Consolidated Financial Statements – P & L
CONSOLIDATED FINANCIAL STATEMENTS – P & L (INR Cr) Particulars Q2 FY23 Q2 FY22 % Change Q1 FY23 % Change H1 FY23 H1 FY22 % Change Total Income 327 290 13% 375 -13% 702 522 34% Adjusted EBITDA* 98 107 -8% 132 -26% 230 190 21% EBITDA** 94 105 -10% 116 -19% 210 187 12% Profit before tax 48 58 -17% 76 -
Slide 25: Consolidated Financial Statements - Cashflow
CONSOLIDATED FINANCIAL STATEMENTS - CASHFLOW (INR Cr) Notes Particulars Q2 FY23 H1 FY23 Operating cashflow Total operating cash inflow 2,225 4,026 A Operating cash outflow Construction and related outflow -792 -1,669 Other project related outflow -712 -1,614 Total operating cash outflow -1,504 -3282
Slide 26: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 30.09.2022 As on 31.03.2022 A Assets Unaudited Audited 1 Non Current assets a Property, plant & equipment 113.78 104.62 b Right-of-Use Asset 21.75 24.73 c Capital Work-in-Progress 427.77 339.49 d Investment Property 33.11 34.03
Slide 27: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 30.09.2022 As on 31.03.2022 B Equity and Liabilities Unaudited Audited 1 Equity a Equity share capital 139.01 138.99 b Other equity 8,638.86 8,536.40 c Non-controlling interest 8.00 -1.82 Total Equity 8,785.87 8,673.57 2 Liabil
Slide 28: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators Particulars Q2 FY23 Q2 FY22 Q1 FY23 H1 FY23 H1 FY22 Adjusted EBITDA / Total Income* 29.93% 36.74% 35.22% 32.76% 36.43% EBITDA / Total Income** 28.89% 36.07% 30.93% 29.98% 35.82% PBT Margin % 14.76% 20.10% 20.27% 17.70% 17.99% Net Profit Margin %# 16.81% 12
Slide 29: Agenda
AGENDA Overview Q2 FY22 Operational Highlights 02 Q2 FY22 Financial Highlights 03 Annexure 04 28 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 30: A. Residential Projects
A. RESIDENTIAL PROJECTS * Primarily a residential project with a portion of commercial saleable area. 29 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 31: A. Residential Projects
A. RESIDENTIAL PROJECTS 30 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 32: A. Residential Projects
A. RESIDENTIAL PROJECTS 31 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 33: A. Residential Projects
A. RESIDENTIAL PROJECTS 32 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 34: B. Commercial Projects
B. COMMERCIAL PROJECTS 33 | GODREJ PROPERTIES I RESULTS PRESENTATION Q2 FY23
Slide 35: 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 38 | GODREJ 34 | GODREJ PROPERTIES PROPERTIES I RESULTS I RESULTS PRESENTATION PRESENTATION Q2 FY23Q4 FY19
Slide 36: Press Release: Consolidated Financials for Q2 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 Q2 FY23 Results • GPL’s highest ever sales for the 1st half of any financial y
Slide 37: Press release: new project additions
Indiranagar extension, Bengaluru • Spread across approximately 7 acres, this project will offer 0.6 million sq. ft. of premium residential development located in the immediate vicinity of Indiranagar and is close to the Old Airport Road and within the Outer Ring Road limits in Bengaluru • The estima
Slide 38: Press release: Financial Overview (Consolidated)
We are witnessing a lot of momentum in business development and hope to deliver GPL’s best ever year for new project additions through strong momentum in the second half of the year. This in turn will ensure that the sharp increase in booking value this year is continued in the years ahead.” Financi
Slide 39: 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,