Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q2 FY2018 Earnings Presentation
40 slides from Oberoi Realty's earnings presentation, Oct 16, 2017
Slide 1: Result Update Q2FY18
Oberoi Realty Limited Result Update Q2FY18 October 16, 2017
Slide 2: Key Developments
Key Developments ➢ Oberoi Realty Limited has been selected as the successful bidder by GlaxoSmithKline Pharmaceuticals Limited for the land admeasuring approximately 60 acres located at Thane, Maharashtra. The Company’s bid for purchase of the said land was for a consideration of Rs. 555 Crore (Rupe
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 2
Slide 4: Balance sheet summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars H1FY18 H1FY17 FY17 Non-current assets 3,43,096 2,75,897 2,89,909 Current assets 5,55,328 5,27,507 5,55,505 Total 8,98,424 8,03,404 8,45,414 Equity 5,84,187 5,53,537 5,72,596 Non-current liabilities 83,926 82,
Slide 5: Cash flow summary
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Opening Cash and Cash Equivalents 12,063 49,417 45,143 49,417 38,628 Operating Cash Flows 461 (4,162) 1,353 (3,702) (4,064) Investing Cash Flows (22,178) (29,910) (5,998) (5
Slide 6: Assets detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars H1FY18 H1FY17 FY17 Non-current assets Fixed assets (including CWIP) 1,07,785 1,03,553 1,05,446 Financial assets 2,11,110 1,47,799 1,60,178 Deferred tax assets (net) 10,204 10,100 9,974 Other non-current asset
Slide 7: Liabilities detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars H1FY18 H1FY17 FY17 Non-current liabilities Financial liabilities i) Borrowings 74,947 74,932 74,938 ii) Others 1,305 587 719 Provisions 177 151 171 Other non-current liabilities 7,497 6,437 7,101 Total Non-cu
Slide 8: Profit and loss statement
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Revenue from Projects 20,516 16,159 16,574 36,674 39,860 Revenue from Hospitality 2,901 2,984 2,929 5,884 5,775 Revenue from Rent 5,702 5,590 4,642 11,293 9,17
Slide 9: Key financial ratios and margins
Financial Update Investment Properties Development Properties Particulars H1FY18 H1FY17 EBITDA Margin (Including Non Operating Income/ 54.22% 52.95% Total Revenue) EBITDA Margin (Excluding Non Operating Income/ 53.04% 51.11% Total Operating Income) PAT Margin 33.53% 32.04% RONW# 6.77% 7.06% ROCE# 5.
Slide 10: Segment-wise revenues and EBITDA
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q2FY18 53.95% 49.60% 92.98% 31.80% -12.98% Total Operating Revenues 30,351 20,631 5,751 2,922 1,047 EBITDA (Excluding Non Operating Income) 16
Slide 11: Share price performance vs Sensex and BSE Realty Index
Index 20.00 30.00 40.00 50.00 60.00 70.00 80.00 90.00 100.00 110.00 120.00 130.00 140.00 150.00 160.00 170.00 20/Oct/10 02/Dec/10 14/Jan/11 26/Feb/11 10/Apr/11 23/May/11 05/Jul/11 17/Aug/11 29/Sep/11 11/Nov/11 Financial Update 24/Dec/11 05/Feb/12 19/Mar/12 01/May/12 13/Jun/12 26/Jul/12 07/Sep/12 20/
Slide 12: Shareholding pattern
Financial Update Investment Properties Development Properties Category 30-Sep-17 30-Jun-17 31-Mar-17 31-Dec-16 30-Sep-16 Promoter and Promoter Group 72.49% 72.49% 72.50% 72.53% 72.54% Foreign Institutional Investors (FIIs) 24.66% 24.94% 25.35% 25.35% 24.23% Domestic Institutional Investors (Institut
Slide 13: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 725,769 sqft. 269 rooms GLA: 552,893 sqft. 12
Slide 14: Investment Properties: Mall performance
Financial Update Investment Properties Development Properties Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Operating Revenue (Rs. Lakh) 2,680 2,666 2,470 5,346 4,907 EBITDA (Rs. Lakh) 2,503 2,472 2,312 4,975 4,570 EBITDA Margin (%) 93.37% 92.73% 93.63% 93.05% 93.13% Occupancy (%) 98.67% 99.09% 90.
Slide 15: Investment Properties: Commercial performance
Financial Update Investment Properties Development Properties Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Operating Revenue (Rs. Lakh) 1,114 1,201 1,178 2,315 2,366 ** ** EBITDA (Rs. Lakh) 1,103 1,196 1,181 2,299 2,358 EBITDA Margin (%) 98.98% 99.59% 100.29% 99.30% 99.67% Occupancy (%)* 82.13% 88
Slide 16: Investment Properties: Commercial performance
Financial Update Investment Properties Development Properties Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Operating Revenue (Rs. Lakh) 1,268 1,153 405 2,421 750 EBITDA (Rs. Lakh) 1,050 971 201 2,021 344 EBITDA Margin (%) 82.82% 84.21% 49.61% 83.48% 45.91% Occupancy (%) 44.66% 44.66% 27.05% 44.66%
Slide 17: Hospitality performance
Financial Update Investment Properties Development Properties Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Operating Revenue (Rs. Lakh) 2,922 3,005 2,950 5,927 5,818 EBITDA (Rs. Lakh) 929 1,036 849 1,966 1,686 EBITDA Margin (%) 31.80% 34.49% 28.77% 33.16% 28.99% Number of Rooms 269 269 269 269 269
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 17
Slide 19: Residential projects summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Value Project Avg. Price for Residential Projects Est. Area Recognised Till Date on Date till Date Completion Q2FY18 till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Seven 39
Slide 20: Residential projects booked in Q2FY18
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in Q2FY18 in Q2FY18 for Q2FY18 Q2FY18 in Q2FY18 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 5,330 3 1,279 2,437 1,279 Esquire 5
Slide 21: Exquisite project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Date Estimated Total Area (sqft.) 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 Estimated Total Units (nos.) 802 802 802 802 802 802 Area Booked (sqft) 5,330 13,910
Slide 22: Exquisite project status
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2017 Project Status as on Jun 30, 2017 21
Slide 23: Development Properties
Financial Update Investment Properties Development Properties 22
Slide 24: Esquire project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Estimated Total Units (nos.) 882 882 882 882 882 882 Area Booked (sqft) 50,051 12,26
Slide 25: Esquire project status
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2017 Project Status as on Jun 30, 2017 24
Slide 26: Prisma project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 91 Area Booked (sqft) 8,958 3,178 11,395 12,13
Slide 27: Prisma project status
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2017 Amount spent in Q2FY18 : Rs. 55.4 crore 26
Slide 28: Three Sixty West project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Date Estimated Area of Project (sqft.) 23,71,278 23,71,278 17,83,928 23,71,278 17,83,928 23,71,278 # Area Booked (sqft) 15,020 29,057 68,288 44,077 1,23,608 3,85,228 # Units Book
Slide 29: Three Sixty West project status
Financial Update Investment Properties Development Properties Project status as on Sep 30, 2017 Project status as on Jun 30, 2017 28
Slide 30: Artist impression
Financial Update Investment Properties Development Properties Artist Impression 29
Slide 31: Eternia project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Date Estimated Area of Project (sqft.) 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 Estimated Total Units (nos.) 1,057 1,057 1,057 1,057 1,057 1,057 Area opened fo
Slide 32: Eternia project status
Financial Update Investment Properties Development Properties Project status as on Sep 30, 2017 Project status as on Jun 30, 2017 31
Slide 33: Development Properties
Financial Update Investment Properties Development Properties 32
Slide 34: Enigma project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Date Estimated Area of Project (sqft.) 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 Estimated Total Units (nos.) 619 619 619 619 619 619 Area opened for booking (s
Slide 35: Artist impression
Financial Update Investment Properties Development Properties Artist Impression 34
Slide 36: Enigma project status
Financial Update Investment Properties Development Properties Project status as on Sep 30, 2017 Project status as on Jun 30, 2017 Artist Impression 35
Slide 37: Sky City project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY18 Q1FY18 Q2FY17 H1FY18 H1FY17 Date Estimated Area of Project (sqft.) 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 Estimated Total Units (nos.) 2,357 2,357 2,357 2,357 2,357 2,357 Area opened fo
Slide 38: Investor Relations contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Aditi Mittal Executive Assistant to Managing Director/Investor Relations aditi.mittal@oberoirealty.com Shital Shah Senior Manager – Investor Relations shital.shah@oberoirealty.com For any furthe
Slide 39: Notes
Notes 1. 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. 2. Total are
Slide 40: 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