Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q2 FY2012 Earnings Presentation
31 slides from Oberoi Realty's earnings presentation, Oct 15, 2011
Slide 1: Oberoi Realty Limited Result Update Q2FY12
Oberoi Realty Limited Developing Destinations Result Update Q2FY12 - October 15, 2011 O€ i a Ea EA LT Y
Slide 2: 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
Slide 3: Highlights: I-Ven stake, Oasis contract, awards
• Acquisition of 50% stake in I-Ven Realty Limited, Worli • Awarded the construction contract of Oasis Realty, Worli to Samsung C&T • Awards and Recognition • Selected as one of India’s Top 10 Builders by CONSTRUCTION WORLD and CW INTERIORS • Commerz has emerged the First Runner-Up in the “Commercia
Slide 4: Financial Update
Financial Update Investment Properties Development Properties 4
Slide 5: Consolidated Balance Sheet H1FY12
Financial Update Investment Properties Development Properties Amount in USD mn Particulars H1FY12 FY11 Net Fixed Assets Including CWIP 215.07 215.35 Goodwill on Consolidation 58.97 Nil Investments 34.81 14.45 Net Working Capital 487.52 513.91 Deferred Tax Asset / (Liability) (0.41) 0.19 Total Assets
Slide 6: Cash Flow Summary
Financial Update Investment Properties Development Properties Amount in USD mn Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Opening Cash and Cash Equivalents 347.69 325.40 106.69 325.40 97.70 Operating Cash Flows 19.26 12.19 18.63 31.45 31.91 Investing Cash Flows (64.13) 11.28 (12.78) (52.85) (15.
Slide 7: Net Working Capital
Financial Update Investment Properties Development Properties Amount in USD mn Particulars H1FY12 FY11 Current Assets (A) Cash and Bank Balance 264.50 310.96 Inventories 210.27 172.04 Sundry Debtors 14.11 10.39 Other Current Assets 2.32 3.65 Loans and Advances 187.84 159.36 Total - A 679.04 656.40 C
Slide 8: Profit and Loss Summary
Financial Update Investment Properties Development Properties Amount in USD mn (Except EPS) Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Revenue from Projects 36.36 22.56 27.42 58.92 54.26 Revenue from Rent 7.15 7.05 5.89 14.20 11.69 Revenue from Hospitality 4.18 4.58 3.10 8.76 4.60 Operating Reve
Slide 9: Key Financial Ratios
Financial Update Investment Properties Development Properties Particulars H1FY12 FY11 FY10 FY09 FY08 EBITDA (Including Non Operating Income) / Total 53.68% 57.94% 59.29% 58.15% 50.37% Revenue EBITDA (Excluding Non Operating Income) / Total 62.36% 60.43% 60.09% 60.87% 54.58% Operating Revenue PAT Mar
Slide 10: Segment Results H1FY12
Financial Update Investment Properties Development Properties Property Particulars Total Residential Rental Hospitality Management Services H1FY12 53.68% 51.18% 95.74% 18.59% -2.15% Operating Revenue 85.22 59.61 14.26 8.86 2.49 EBITDA (Excluding Other Income) 45.75 30.51 13.65 1.65 (0.05) H1FY11 56.
Slide 11: Share Price Performance vs Sensex and BSE Realty
Financial Update Investment Properties Development Properties 120.00 110.00 100.00 86 90.00 Index 80.00 86 70.00 60.00 50.00 48 40.00 19/Mar/11 04/Nov/10 19/Nov/10 03/Jan/11 18/Jan/11 04/Mar/11 03/Apr/11 18/Apr/11 02/Feb/11 17/Feb/11 15/Sep/11 30/Sep/11 02/Jul/11 17/Jul/11 01/Aug/11 16/Aug/11 31/Aug
Slide 12: Shareholding Pattern
Financial Update Investment Properties Development Properties Sep 30, Jun 30, Mar 31, Dec 31, Category 2011 2011 2011 2010 Promoter and Promoter Group 78.49% 78.49% 78.49% 78.49% Private Equity Investor (Invested in Jan 2007; Lock in ends October 9.46% 9.46% 9.46% 9.46% 2011) Foreign Institutional I
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: Commerz Performance
Financial Update Investment Properties Development Properties Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Operating Revenue (USD mn) 4.39 4.25 3.38 8.64 6.72 EBITDA (USD mn) 4.23 4.10 3.15 8.34 6.12 EBITDA Margin (%) 96.33% 96.61% 93.14% 96.46% 90.95% Occupancy (%) 94.17% 94.36% 89.78% 94.26% 89.
Slide 15: Oberoi Mall Performance
Financial Update Investment Properties Development Properties Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Operating Revenue (USD mn) 2.42 2.42 2.51 4.84 5.02 EBITDA (USD mn) 2.31 2.31 2.47 4.62 4.83 EBITDA Margin (%) 95.66% 95.41% 98.47% 95.40% 96.24% Occupancy (%) 75.60% 75.60% 77.14% 75.60% 77.
Slide 16: The Westin Mumbai Garden City Performance
Financial Update Investment Properties Development Properties Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY1 Operating Revenue (USD mn) 4.23 4.63 3.07 8.86 4.60 EBITDA (USD mn) 0.62 1.03 (0.14) 1.65 (0.64) EBITDA Margin 14.65% 22.20% -4.72% 18.59% -13.88% Number of Rooms 269 269 269 269 269 Average R
Slide 17: Investment Property Project Status
Financial Update Investment Properties Development Properties Project Status as on September 30, 2011 Project Status as on June 30, 2011 17
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 18
Slide 19: Residential Projects Summary
Financial Update Investment Properties Development Properties Sales Revenue Base Price Area Sold Inventory Project Residential Projects Est. Area Value Recognised of Last Till Date As on Date Completion Till Date Till Date Transaction (sqft.) (sqft.) (sqft.) (USD mn) (USD mn) (%) (USD/sqft.) Oberoi
Slide 20: Residential Sales in Q2FY12
Financial Update Investment Properties Development Properties Sales Amount Revenue Area Sold For Units Sold For Residential Projects Value Collected in Recognised in Q2FY12 Q2FY12 For Q2FY12 Q2FY12 Q2FY12 (sqft.) (nos.) (USD mn) (USD mn) (USD mn) Oberoi Esquire 126,985 52 33.02 23.91 Oberoi Exquisit
Slide 21: Oberoi Exquisite Project Status
Financial Update Investment Properties Development Properties Project Status as on September 30, 2011 Project Status as on June 30, 2011 21
Slide 22: Oberoi Exquisite Sales Data
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Date Estimated Total Area (sqft.) 1,506,810 1,506,810 1,506,810 1,506,810 1,370,438 1,506,810 Estimated Total Units (nos.) 786 786 786 786 736 786 Area Sold (sqft.) 19,500 13,250
Slide 23: Oberoi Esquire Project Status
Financial Update Investment Properties Development Properties Project Status as on September 29, 2011 Project Status as on June 30, 2011 23
Slide 24: Oberoi Esquire Sales Data
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Date Estimated Total Area (sqft.) 1,970,530 1,970,530 NA 1,970,530 NA 1,970,530 Estimated Total Units (nos.) 846 846 NA 846 NA 846 Area Sold (sqft.) 126,985 166,835 NA 293,820 NA
Slide 25: Oberoi Splendor Grande Project Status
Financial Update Investment Properties Development Properties Project Status as on September 30, 2011 Project Status as on June 30, 2011 25
Slide 26: Oberoi Splendor Grande Sales Data
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Date Estimated Total Area (sqft.) 283,920 283,920 NA 283,920 NA 283,920 Estimated Total Units (nos.) 156 156 NA 156 NA 156 Area Sold (sqft.) 30,940 27,300 NA 58,240 NA 140,140 Un
Slide 27: Oberoi Splendor Sales Data
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Date Estimated Total Area (sqft.) 1,279,152 1,279,152 1,279,152 1,279,152 1,279,152 1,279,152 Estimated Total Units (nos.) 1,296 1,296 1,296 1,296 1,296 1,296 Area Sold (sqft.) 2
Slide 28: Project Status as on September 30, 2011
Financial Update Investment Properties Development Properties Artist’s Impression Project Status as on September 30, 2011; Amount as part of Inventory is USD 12.16 mn 28
Slide 29: Project Status and Cost Incurred
Financial Update Investment Properties Development Properties Project Status as on September 30, 2011 Project Status as on June 30, 2011 Cost incurred till date : USD 27.66 mn 29
Slide 30: Investor Relations Contacts
Investor Relations efforts are coordinated by: Saumil Daru Chief Financial Officer saumil.daru@oberoirealty .com Chirag Savla Executive Assistant to Managing Director chirag.savla@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. The Company prep