Slide 1: Cover letter to stock exchanges
=.. Creation, not construction. To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationship Department' 'Exchange Plaza', 1st Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street,
Slide 2: Q2 & H1 FY21 Results Presentation
Kolte-Patil Developers Limited Q2 & H1 FY21 Results Presentation Anti-Fragile The resilient resists shocks and stays the same; the Anti-Fragile gets better
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 KPDL – An Anti-Fragile Company 2 CEO’s Message 3 Operational & Performance Highlights 4 Launch Calendar 5 P&L / Balance Sheet Snapshot 6 Project-wise Details 7 Outlook 8 About Kolte-Patil Developers Ltd.
Slide 5: Anti-Fragile - Sustained sectorial outperformance across market cycles
Anti-Fragile - Sustained sectorial outperformance across market cycles 4 ROCE Among the >15% (4 healthiest sectorial year sales throughputs average) Low debt Consistent Asset-light growth positive No operating dilution Sustained market cash flows leadership Sound capital allocation Diversifying geog
Slide 6: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance 5 Leading 3 Decades 26 MSF Shareholding Residential real estate player in Pune of presence being incorporated in Project portfolio - under execution, (Awarded as Most Reputed Brand in Pune) 1991 approval and land bank FII’s 14.18% DII/Others >20 MSF 15+% A+/Stable
Slide 7: CEO's Message
CEO’s Message 6 “We are happy to report an encouraging improvement in Q2FY21 performance on a QoQ basis across all operational parameters. Sales traction in Q2 improved over Q1 both in terms of area and value. In Q2FY21 sales volume at 0.35 msf was up 12% QoQ and sales value at Rs. 194 crore was up
Slide 8: Operational Highlights – Q2 FY21
Operational Highlights – Q2 FY21 7 New area sales Q2 FY21 Q1 FY21 Q2 FY20 YoY QoQ H1 FY21 H1 FY20 YoY Volume (million sq. ft.) 0.35 0.31 0.50 -28.9% 12.2% 0.67 1.00 -33.4% Value (Rs. million) 1,944 1,642 2,678 -27.4% 18.4% 3,586 5,515 -35.0% Realization (Rs./Sq. ft.) 5,517 5,228 5,401 2.2% 5.5% 5,38
Slide 9: Launch Calendar – Next Nine Months
Launch Calendar – Next Nine Months 8 Pune Projects Location Use Saleable Area (msf.) Life Republic R10 Hinjewadi, Pune Residential / Retail 1.4 Giga Viman Nagar Commercial 0.60 Boat Club Boat Club Road Commercial 0.40 Down Town Kharadi Residential / Retail 0.50 Launches planned across Pimple Nilak
Slide 10: Mumbai Presence - Expanding Footprint
Mumbai Presence - Expanding Footprint 9 Near Mary Immaculate Girls School Opp. Subway, St. Near. McDonald's, Mary School S V Road Walking distance from Inorbit mall, adjacent to Central mall Faster Creation for Faster Paced City Near Regency Hotel Mumbai Off. Juhu lane Near Mumbai University Near Kh
Slide 11: 6 ways we built a stronger Company over the last few years
6 ways we built a stronger Company over the last few years 10 We We sold a larger strengthened our cash number of flows through increased apartments in both collection efficiency, quicker launch as well as construction, faster sustenance phase sales and lower of projects debt We increased our We acc
Slide 12: Performance Highlights – Last Four Years
Performance Highlights – Last Four Years 11 Revenue, Rs. Crore PAT, Rs. Crore Net Debt, Rs. Crore 137 517 1,221 1,195 1,226 122 122 455 434 965 87 288 FY 2017 FY 2018 FY 2019 FY 2020 FY 2017 FY 2018 FY 2019 FY 2020 FY 2017 FY 2018 FY 2019 FY 2020 Note: The Company has adopted IND AS 115 during Q1 FY
Slide 13: Performance Highlights – Q2 FY21
Performance Highlights – Q2 FY21 12 Revenue, Rs. Crore EBITDA, Rs. Crore PAT, Rs. Crore Q2 FY20 302 Q2 FY20 56 Q2 FY20 24 Q3 FY20 337 Q3 FY20 77 Q3 FY20 38 Q4 FY20 280 Q4 FY20 55 Q4 FY20 31 Q1 FY21 77 Q1 FY21 -19 Q1 FY21 -32 Q2 FY21 170 Q2 FY21 7 Q2 FY21 -12 Note: The Company has adopted IND AS 115
Slide 14: Product-wise Sales
Product-wise Sales 13 1% 5% 13% 2% 3% 2% 2% 16% H1 FY21 FY20 29% 34% 45% 47% Note: The category of ‘Others’ includes Duplex, Row House and Plots.
Slide 15: New Sales Analysis – Q2 FY21
New Sales Analysis – Q2 FY21 14 msf. 0.77 0.80 0.63 0.51 0.50 0.82 0.67 0.31 0.35 100% 3% 3% 5% 3% 8% 13% 9% 1% 10% 2% 9% 4% 9% 8% 26% 11% 13% 8% 17% 80% 30% 16% 38% 31% 60% 36% 41% 31% 24% 42% 40% 55% 63% 37% 34% 43% 23% 29% 20% 37% 13% 14% 11% 16% 9% 12% 19% 18% 16% 0% Q2 FY2019 Q3 FY2019 Q4 FY201
Slide 16: Abridged Cash Flows
Abridged Cash Flows 15 Abridged Cash flows - Unaudited Q1 FY21 Q2 FY21 H1 FY21 (Rs. crore) (Un-Audited) (Un-Audited) (Un-Audited) Opening Balance 97 77 97 Operating Cashflow Collections 100 193 293 Construction Cost -53 -89 -143 Other Expenses -30 -38 -68 Direct & Indirect Taxes -3 -16 -19 Financing
Slide 17: Consolidated Debt Profile
Consolidated Debt Profile 16 Consolidated Debt Profile (Rs. crore) 30th September, 2020 31st March, 2020 CCM POCM^ CCM POCM^ Net Worth 861 1,188 905 1,229 Gross Debt 744 744 728 728 Less: OCD / CCD / OCRPS / 201 201 196 196 Zero Coupon NCD* Debt 543 543 532 532 Less: Cash & Cash Equivalents & Curren
Slide 18: Revenue Recognition – Q2 FY21 vs Q2 FY20
Revenue Recognition – Q2 FY21 vs Q2 FY20 17 Q2 FY21 – Rs. 65 crore ^Q2 FY21 – Rs. 170 crore ^Q2 FY20 – Rs. 302 crore (CCM) (POCM) (POCM) Bengaluru Projects Life Republic 39% Western Avenue 19% 26% KPE Constructions Bengaluru Projects 15% Bengaluru Projects 19% 18% Projects Western Avenue 8% Opula 15
Slide 19: Revenue Recognition – H1 FY21 vs H1 FY20
Revenue Recognition – H1 FY21 vs H1 FY20 18 H1 FY21 – Rs. 205 crore H1 FY21 – Rs. 247 crore H1 FY20 – Rs. 610 crore (CCM) (POCM) (POCM) Life Republic 41% Western Avenue 22% Mumbai Projects 61% Bengaluru Projects 16% Opula 16% Bengaluru Projects 16% Bengaluru Projects 15% Western Avenue 10% Life Repu
Slide 20: Profit and Loss Snapshot – Q2 FY21 vs Q2 FY20
Profit and Loss Snapshot – Q2 FY21 vs Q2 FY20 19 P&L Snapshot (Rs. REASONS FOR Q2 FY21* Q2 FY20 Q2 FY21 Q2 FY20^ crore) VARIANCE (POCM) Revenue Recognition Reported Reported POCM POCM Method CCM CCM ≈ Post enforcement of lockdown and Revenue from Operations 64.6 191.9 169.8 301.7 resultant substanti
Slide 21: Profit and Loss Snapshot – H1 FY21 vs H1 FY20
Profit and Loss Snapshot – H1 FY21 vs H1 FY20 20 P&L Snapshot (Rs. REASONS FOR H1 FY21* H1 FY20 H1 FY21 H1 FY20^ crore) VARIANCE (POCM) Revenue Recognition Reported Reported POCM POCM Method CCM CCM • Other income in H1 FY20 Revenue from Operations 205.4 777.6 247.2 609.7 includes ~Rs. 28 crore towa
Slide 22: Sales & Collections – Ongoing Projects – Q2 FY21
Sales & Collections – Ongoing Projects – Q2 FY21 21 Area Sold Sales Value APR Collections Projects Location (msf.) (Rs. mn.) (Rs./sft.) (Rs. mn.) Life Republic Hinjewadi, Pune 0.10 496 4,932 697 Ivy Estate Wagholi, Pune 0.04 177 5,003 180 Tuscan Kharadi, Pune 0.01 62 6,433 202 Western Avenue Wakad,
Slide 23: KPDL Project Portfolio – 30.09.20
KPDL Project Portfolio – 30.09.20 22 Gross Details Gross Details (including partner’s share) (including partner’s share) Ongoing & Under Ongoing & Under Projects KPDL Share Land Bank Projects KPDL Share Land Bank Unsold Approval* Unsold Approval* Jazz II (Opula) 100% 0.01 - - Jai Vijay 100% 0.04 - -
Slide 24: Healthy Return Ratios
Healthy Return Ratios 23 ROE ROCE 18.4% 14.5% 15.6% 12.8% 12.3% 11.1% 11.2% 10.1% Mar '17 Mar '18 Mar '19 Mar '20 Note: Numbers on POCM basis
Slide 25: Business Outlook
Business Outlook 24 Sector consolidation Diversifying geographical presence Efficient capital deployment • First round of consolidation resulted from • 10 society redevelopment projects in Mumbai - • Continue to evaluate strategic and financial implementation of RERA and GST benefiting 2 completed,
Slide 26: Awards & Recognition
25 Awards & Recognition Top Developer of the year - India’s Top KPDL Challengers 2019-20 by Times Real Estate Icons west by Construction World 2020 Global Awards Online
Slide 27: Awards & Recognition
26 Integrated Township of the Year - LR by Realty+ conclave & Excellence Awards- West 2020 Awards & Recognition Top Township projects (above 350 acres)- LR by Times Real Estate Icons West 2020
Slide 28: Awards & Recognition
27 Awards & Brand Excellence in Real Estate Sector by Recognition ABP News
Slide 29: About Kolte-Patil Developers Ltd.
About Kolte-Patil Developers Ltd. 28 Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune For further information, residential market. Kolte-Patil is a trusted name with a reputation for high quality ple
Slide 30: Thank You
Creation, not Construction THANK YOU