Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q1 FY2015 Earnings Presentation
32 slides from Oberoi Realty's earnings presentation, Jul 19, 2014
Slide 1: Oberoi Realty Limited – Result Update Q1FY15
Oberoi Realty Limited rooted in values. Result Update QiFY15 July 19, 2014
Slide 2: Key Developments
Key Developments • Full consideration of Rs. 1,155 crores for the 25 Acres land belonging to Tata Steel Ltd. in Borivali (East), Mumbai, has been paid for. • In Q1FY15 cumulative area sold for Esquire has crossed one million sq.ft. • Revised depreciation rates in accordance with Schedule II to the C
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 3
Slide 4: Consolidated Balance Sheet Summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q1FY15 FY14 Shareholders' Fund 4,46,039 4,39,639 Non-Current Liabilities 80,320 18,554 Current Liabilities 1,12,000 90,510 Total Equity and Liabilities 6,38,358 5,48,703 Non-Current Assets 2,61,222 2,60,655
Slide 5: Cash Flow Summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q1FY15 Q1FY14 Opening Cash and Cash Equivalents 54,936 1,07,247 Operating Cash Flows* (1,05,383) (12,676) Investing Cash Flows (10,273) (42,024) Financing Cash Flows 76,455 (0) Closing Cash and Bank Balance
Slide 6: Liabilities Breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q1FY15 FY14 Long term borrowings 69,100 7,500 Deferred tax liabilities 2,235 2,195 Trade payables 1,178 1,088 Other Long term liabilities 7,709 7,666 Long-term provisions 98 105 Total Non-Current Liabilities
Slide 7: Assets Breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q1FY15 FY14 Fixed assets 1,09,859 1,09,949 Goodwill on consolidation 26,538 26,538 Other non-current assets 1,24,825 1,24,168 Total Non-Current Assets 2,61,222 2,60,655 Cash and bank balance 15,737 49,974 Cu
Slide 8: Profit and Loss Summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q1FY15 Q4FY14 Q1FY14 Revenue from Projects 9,589 14,063 14,010 Revenue from Rent 4,074 4,139 3,767 Revenue from Hospitality 2,695 3,008 2,569 Operating Revenues 16,358 21,210 20,346 Other Operat
Slide 9: Key Financial Ratios and Margins
Financial Update Investment Properties Development Properties Particulars Q1FY15 FY14 FY13 FY12 EBITDA Margin (Including Non Operating Income/ 56.85% 57.49% 62.05% 65.00% Total Revenue) EBITDA Margin (Excluding Non Operating Income/ 55.26% 54.45% 58.43% 58.63% Total Operating Income) PAT Margin 35.3
Slide 10: Segment Results
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Property Particulars Total Residential Rental Hospitality Management Services Q1FY15 55.26% 55.49% 96.89% * 13.03% -8.38% Total Operating Revenues 17,538 9,786 4,112 2,717 923 EBITDA (Excluding Non Operating 9,691 5,431
Slide 11: Share Price Performance vs Sensex and BSE Realty Index
Index 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 120.00 20-Oct-10 22-Nov-10 25-Dec-10 27-Jan-11 01-Mar-11 03-Apr-11 Financial Update 06-May-11 08-Jun-11 11-Jul-11 Sensex 13-Aug-11 15-Sep-11 18-Oct-11 20-Nov-11 23-Dec-11 25-Jan-12 27-Feb-12 31-Mar-12 03-May-12 05-Jun-12 For Oberoi Realty
Slide 12: Shareholding Pattern
Financial Update Investment Properties Development Properties Category 30-Jun-14 31-Mar-14 31-Dec-13 30-Sep-13 30-Jun-13 Promoter and Promoter Group 75.00% 75.00% 75.00% 75.00% 78.49% Foreign Institutional Investors (FIIs) 15.88% 13.57% 13.64% 12.40% 10.03% Domestic Institutional Investors 0.83% 0.2
Slide 13: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 552,893sqft. GLA: 364,888sqft. 269 rooms 13
Slide 14: Rental Property Performance
Financial Update Investment Properties Development Properties Particulars Q1FY15 Q4FY14 Q1FY14 Operating Revenue (Rs. Lakh) 2,294 2,166 2,074 EBITDA (Rs. Lakh) 2,200 2,056 2,014 EBITDA Margin (%) 95.90% 94.94% 97.10% Occupancy (%) 98.89% 98.80% 99.40% Area Leased (Sqft.) 5,46,774 5,46,239 5,49,594 R
Slide 15: Rental Property Performance
Financial Update Investment Properties Development Properties Particulars Q1FY15 Q4FY14 Q1FY14 Operating Revenue (Rs. Lakh) 1,217 1,205 1,202 EBITDA (Rs. Lakh) 1,217 1,192 1,174 EBITDA Margin (%) 100.00% 98.90% 97.63% Occupancy (%) 85.85% 85.85% 83.38% Area Leased (Sqft.) 3,13,256 3,13,256 3,04,244
Slide 16: Hospitality Performance – Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q1FY15 Q4FY14 Q1FY14 Operating Revenue (Rs. Lakh) 2,717 3,029 2,590 EBITDA (Rs. Lakh) 354 1,013 798 EBITDA Margin (%) 13.03% * 33.43% 30.79% Number of Rooms 269 269 269 Average Room Rate (Rs.) 7,747 8,369 7,721 Occupancy (%) 7
Slide 17: Project Status
Financial Update Investment Properties Development Properties Project Status as on June 30, 2014 Project Status as on Mar 31, 2014 Amount spent in Q1 FY15 is Rs. 8.02 crore Amount spent in Q4 FY14 is Rs. 16.52 crore 17
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 18
Slide 19: Residential Projects Summary
Financial Update Investment Properties Development Properties Booking Revenue Area Booked Inventory as Project Avg. Price Residential Projects Est. Area Value till Recognised Till Date on Date Completion for Q1FY15 Date till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Oberoi S
Slide 20: Residential Bookings in Q1FY15
Financial Update Investment Properties Development Properties Units Booking Amount Revenue Area Booked Residential Projects Booked in Value for Collected in Recognised in Q1FY15 Q1FY15 Q1FY15 Q1FY15 in Q1FY15 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Esquire 44,070 20 7,950 7,215 - Oberoi Exqu
Slide 21: Project Status as on June 30, 2014
Financial Update Investment Properties Development Properties Project Status as on June 30, 2014 Project Status as on Mar 31, 2014 21
Slide 22: Esquire Project Details
Financial Update Investment Properties Development Properties Particulars Q1FY15 Q4FY14 Q1FY14 Project Till Date * Estimated Total Area (sqft.) 15,04,815 15,04,815 19,70,530 15,04,815 Estimated Total Units (nos.) 636 636 846 636 Area Booked (sqft) 44,070 26,595 25,180 10,30,550 Units Booked (nos.) 2
Slide 23: Project Status as on June 30, 2014
Financial Update Investment Properties Development Properties Project Status as on June 30, 2014 23
Slide 24: Project Status as on Mar 31, 2014
Financial Update Investment Properties Development Properties Project Status as on Mar 31, 2014 24
Slide 25: Oberoi Exquisite Project Details
Financial Update Investment Properties Development Properties Particulars Q1FY15 Q4FY14 Q1FY14 Project Till Date Estimated Total Area (sqft.) 15,35,670 15,35,670 15,35,670 15,35,670 Estimated Total Units (nos.) 802 802 802 802 Area Booked (sqft) 23,660 14,560 21,960 10,59,450 Units Booked (nos.) 13
Slide 26: Project Status and Amount Spent
Financial Update Investment Properties Development Properties Project Status as on June 30, 2014 Project Status as on Mar 31, 2014 Amount spent in Q1 FY15 : Rs. 124.93 crore Amount spent in Q4 FY14 : Rs. 103.08 crore 26
Slide 27: Oasis Residential Project Details
Financial Update Investment Properties Development Properties Particulars Project Till Date Estimated Area of Project (sqft.) 17,83,928 Area Booked (sqft) * 1,24,306 Units Booked (nos.) * 13 Area in Inventory (sqft.) 16,59,622 Booking Value (Rs. Lakh) 35,335 Amount Collected (Rs. Lakh) 11,039 Revenu
Slide 28: Project Status as on June 30, 2014
Financial Update Investment Properties Development Properties Project Status as on June 30, 2014 Project Status as on Mar 31, 2014 28
Slide 29: Priviera Project Details
Financial Update Investment Properties Development Properties Particulars Q1FY15 FY14 Project Till Date Estimated Area of Project (sqft.) * 18,800 18,800 18,800 Estimated Total Units (nos.) 8 8 8 Area Booked (sqft) - 4,700 4,700 Units Booked (nos.) - 2 2 Area in Inventory (sqft.) 14,100 14,100 14,10
Slide 30: Investor Relations Contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Aditi Mittal Executive Assistant to Managing Director aditi.mittal@oberoirealty.com For any further information please write to ir@oberoirealty.com or contact on (+91 22) 6677 3333 30
Slide 31: Notes and Abbreviations
Note Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year. All areas / conf
Slide 32: Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed t