Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q4 FY2019 Earnings Presentation
24 slides from Kolte-patil Developers's earnings presentation, May 29, 2019
Slide 1: Creation, not construction. (Exchange filing cover letter)
re Creation, not construction. To, To. The Assistant Manager, The General Manager, NationalStock Exchange of lndia Limited BSE Limited, Listing Department, Corporate Relationship Department, 'Exchange Plaza', 1't Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mu
Slide 2: Kolte-Patil Developers Limited Q4 FY2019 Results Presentation
KOLTE-PATIL DEVELOPERS LIMITED Q4 FY2019 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 30 million square feet of Residential real estate being incorporated in projects under IPO in Dec 2007 player in Pune 1991 execution and approval (Awarded as Most Reputed Brand in Pune) of units delivered across 74.5% 11.1% 14.4% ROCE – stron
Slide 6: Impact of Application of IND AS-115
Impact of Application of IND AS-115 5 ≈ MCA (Ministry of Corporate Affairs, Government of India) notified IND-AS 115 (Revenue from Contracts with Customers) on 28th March 2018, applicable for the sector beginning on or after 1st April 2018 ≈ In the erstwhile accounting standards coupled with the gui
Slide 7: CEO's Message: Commenting on the performance for Q4 FY2019
“FY19 marked significant milestones in our corporate journey, during the year we recorded 28% higher sales at 2.7 million square feet on the back of successful project launches, we also improved collections from customers, focused on timely deliveries and invested in buying out our partners’ stakes
Slide 8: Operational Highlights – Q4 & FY19
Operational Highlights – Q4 & FY19 7 New area sales Q4 FY19 Q4 FY18 YoY FY19 FY18 YoY Volume (million sq. ft.) 0.63 0.49 28.7% 2.7 2.1 28.3% Value (Rs. million) 3,553 2,785 27.6% 14,316 11,980 19.5% Realization (Rs./Sq. ft.) 5,623 5,673 -0.9% 5,372 5,765 -6.8% Collections (Rs. million) 3,085 3,772 -
Slide 9: Key Development – Life Republic Buyout
Key Development – Life Republic Buyout 8 Entered into a share purchase agreement to buy-out the 50% stake held by ICICI Venture for Rs 210 crore, to be disbursed in three tranches over 18 months, funded partly through internal accruals and bank borrowings KPDL’s economic interest in Life Republi
Slide 10: Performance Highlights – Q4 FY19
Performance Highlights – Q4 FY19 9 Revenue, Rs. Crore EBITDA, Rs. Crore PAT (Pre-MI), Rs. Crore PAT, Rs. Crore 478 104 46 102 41 61 380 78 34 66 46 278 254 283 56 37 24 27 18 22 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 FY18 FY19 FY19 FY19 FY19 FY18 FY19 FY19 FY19 FY19 FY18 FY19 FY
Slide 11: New Sales Analysis – Q4 FY19
New Sales Analysis – Q4 FY19 10 msf. 0.55 0.41 0.59 0.59 0.49 0.46 0.77 0.80 0.63 100% 3% 3% 3% 5% 3% 3% 7% 14% 10% 4% 11% 8% 5% 5% 5% 3% 8% 11% 80% 26% 30% 42% 41% 60% 49% 55% 50% 62% 36% 24% 40% 21% 55% 9% 28% 10% 34% 16% 20% 15% 37% 26% 18% 22% 27% 16% 13% 14% 11% 0% Q4 FY2017 Q1 FY2018 Q2 FY2018
Slide 12: Abridged Cash Flows
Abridged Cash Flows 11 Q4 FY19 FY19 Abridged Cashflows - Unaudited (Rs. crore) (Un-Audited) (Un-Audited) Opening Balance 99 117 Operating Cashflow Collections 309 1,179 Construction Cost 161 657 Other Expenses(Including Customer Refund) 50 172 Direct & Indirect Taxes 21 101 Financing & Investing Act
Slide 13: Consolidated Debt Profile
Consolidated Debt Profile 12 31st Mar, st st Consolidated Debt Profile (Rs. crore) 31 Mar, 2019 31 Dec, 2018 2018 (Audited) CCM POCM^ CCM POCM^ POCM Networth 840 1,100 809 1,062 984 Gross debt 807 807 764 764 689 Less: OCD / CCD / OCRPS / Zero Coupon NCD* 224 224 269 269 289 Debt 583 583 495 495 400
Slide 14: Profit and Loss Snapshot – FY19 vs FY18
Profit and Loss Snapshot – FY19 vs FY18 13 P&L Snapshot (Rs. crore) FY19* FY19^ FY18 YoY REASONS FOR VARIANCE Revenue Recognition Method Reported • Key revenue drivers in FY19 as per POCM accounting were Life POCM POCM POCM CCM Republic, Western Avenue, 24K projects, Bengaluru projects Revenue fro
Slide 15: Profit and Loss Snapshot – Q4 FY19 vs Q4 FY18
Profit and Loss Snapshot – Q4 FY19 vs Q4 FY18 14 P&L Snapshot (Rs. crore) Q4 FY19* Q4 FY19^ Q4 FY18 YoY Revenue Recognition Method Reported POCM POCM POCM REASONS FOR VARIANCE CCM • Revenue in Q4 FY19 on POCM basis driven Revenue from Operations 195.4 379.7 477.7 -20.5% by Western Avenue, Life Rep
Slide 16: Revenue Recognition – FY19 vs FY18
Revenue Recognition – FY19 vs FY18 15 FY19 – Rs. 869 crore FY19 – Rs. 1,195 crore FY18* – Rs. 1,221 crore (CCM) (POCM) (POCM) Life Republic 28% Life Republic 19% 17% Stargaze 24% Western Avenue 19% 16% Opula 13% Opula 12% 14% Bengaluru Projects 11% Downtown 11% 8% Ivy Estate 9% Ivy Estate 11% 8% Sta
Slide 17: Revenue Recognition – Q4 FY19 vs Q4 FY18
Revenue Recognition – Q4 FY19 vs Q4 FY18 16 Q4 FY19 – Rs. 195 crore Q4 FY19 – Rs. 380 crore Q4 FY18 – Rs. 478 crore (CCM) (POCM) (POCM) 24% Western Avenue 21% Opula 59% 15% Life Republic 19% 11% Stargaze 13% 9% Bengaluru Projects 16% 7% Opula 11% Life Republic 10% 6% Ivy Estate 9% 6% Western Avenue
Slide 18: Sales & Collections – Ongoing Projects – Q4 FY2019
Sales & Collections – Ongoing Projects – Q4 FY2019 17 Gross Details (including partner’s share) Sales value Avg. Realization Collections Projects Location Area Sold (msf.) (Rs. mn.) (Rs./sft.) (Rs. mn.) Life Republic Hinjewadi, Pune 0.21 980 4,591 655 Ivy Estate Wagholi, Pune 0.05 215 4,151 232 Tusc
Slide 19: KPDL Project Portfolio – 31.03.2019
KPDL Project Portfolio – 31.03.2019 18 Gross Details Gross Details (including partner’s share) (including partner’s share) Ongoing Ongoing KPDL Upcoming Land KPDL Under Land Pune Projects & Mumbai Projects & Share * Bank Share Approval* Bank Unsold Unsold Jazz II (Opula) 100% 0.20 - - Jai Vijay 100%
Slide 20: Improving Return Ratios
Improving Return Ratios 19 ROE ROCE 18.4% 15.9% 15.6% 14.9% 14.5% 14.3% 12.1% 11.2% 11.9% 12.3% 11.1% 10.1% 10.2% 7.5% Mar '16 Mar '17 June '17 Sep '17 Dec '17 Mar '18 Mar '19 Note: Numbers on POCM basis
Slide 21: Business Outlook
Business Outlook 20 SECTOR CONSOLIDATION DIVERSIFYING GEOGRAPHICAL PRESENCE EFFICIENT CAPITAL DEPLOYMENT • Implementation of RERA and GST has • 1.4 msf across 14 asset-light society • Continue to evaluate strategic and financial consolidated demand to organized, execution- redevelopment projects in
Slide 22: Brand, Marketing & HR Awards
Brand, Marketing & HR Awards 21 Economic Times Realty Plus Innovative marketing Developer of the Brand of the Year campaign of the Year 2019 2019 KPDL year 2019 KPDL Oro Avenue
Slide 23: Project Awards
Project Awards Economic Times Realty Plus Integrated Township Residential Property Residential Property Residential Complex Project of the year of the Year 2019 of the Year 2019 of the Year 2019 2019 Oro Avenue Western Avenue Three Jewels Ivy estate
Slide 24: About Kolte-Patil Developers Ltd.
About Kolte-Patil Developers Ltd. 23 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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