Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2021 Earnings Presentation
38 slides from Oberoi Realty's earnings presentation, Jan 22, 2021
Slide 1: Result Update Q3FY21
Oberoi Realty Limited Result Update Q3FY21 January 22, 2021
Slide 2: Financial Update
Financial Update Investment Properties Development Properties 1
Slide 3: Summary balance sheet
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY21 9MFY20 FY20 Non-current assets 4,79,019 4,11,575 4,37,543 Current assets 7,09,592 7,16,801 6,84,596 Total 11,88,611 11,28,376 11,22,139 Equity 9,08,189 8,37,903 8,62,949 Non-current liabilities 49,252
Slide 4: Cash flow and cash balance
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Opening Cash and Cash Equivalents 42,288 22,261 33,897 28,663 76,738 Operating Cash Flows 18,718 5,582 8,114 30,330 (34,987) Investing Cash Flows (50,463) (9,678) (10,241) (
Slide 5: Assets detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY21 9MFY20 FY20 Non-current assets Fixed assets (including CWIP) 2,50,180 1,31,394 1,35,195 Financial assets 1,53,482 2,43,338 2,29,818 Deferred tax assets (net) 7,640 11,837 9,317 Other non-current assets
Slide 6: Liabilities detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars 9MFY21 9MFY20 FY20 Non-current liabilities Financial liabilities i) Borrowings 32,259 76,038 - ii) Trade Payables 1,634 1,947 2,466 iii) Others 8,899 11,818 12,260 Provisions 165 179 211 Deferred tax liabilit
Slide 7: Profit and loss statement
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Revenue from Projects 70,333 21,421 38,231 97,546 1,19,696 Revenue from Hospitality 1,109 636 3,822 1,972 10,129 Other Operating Revenues 220 362 215 619 640 R
Slide 8: Key financial ratios and margins
Financial Update Investment Properties Development Properties Particulars 9MFY21 9MFY20 Adjusted EBITDA * Margin (Including Non Operating 47.90% 44.47% Income) Adjusted EBITDA * Margin (Excluding Non Operating 46.78% 43.19% Income) PAT Margin 35.08% 26.41% RONW# 6.86% 7.20% ROCE# 6.51% 6.96% Gross D
Slide 9: Segment-wise revenues and EBITDA
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q3FY21 44.28% 37.93% 97.74% 2.97% -26.96% Total Revenues 83,757 71,411 10,407 1,174 765 Adjusted EBITDA* 37,088 27,087 10,171.85 35 (206) 9MFY
Slide 10: Share price versus Sensex and BSE Realty Index
Financial Update Investment Properties Development Properties 220.00 210.00 200.00 190.00 180.00 170.00 160.00 150.00 140.00 130.00 120.00 110.00 Index 100.00 90.00 80.00 70.00 60.00 50.00 40.00 30.00 20.00 18-Mar-11 14-Aug-11 28-Aug-13 22-Jun-14 12-Sep-15 26-Sep-17 7-Jun-12 21-Jul-18 8-Mar-20 4-Aug
Slide 11: Shareholding pattern
Financial Update Investment Properties Development Properties Category 31-Dec-20 30-Sep-20 30-Jun-20 31-Mar-20 31-Dec-19 Promoter and Promoter Group 67.70% 67.70% 67.70% 67.70% 67.70% Foreign Institutional Investors (FIIs) 25.62% 25.41% 26.15% 24.91% 25.33% Domestic Institutional Investors 4.43% 4.6
Slide 12: Investment properties overview
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 3,13,381 sqft. GLA: 782,674 sqft. 269 rooms GLA: 552,893 sqft. 11
Slide 13: Investment properties: Oberoi Mall
Financial Update Investment Properties Development Properties Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Operating Revenue (Rs. Lakh) 4,999 3,496 4,094 8,644 12,067 EBITDA (Rs. Lakh) 4,853 3,314 3,907 8,213 11,468 EBITDA Margin (%) 97.07% 94.78% 95.44% 95.01% 95.04% Occupancy (%) 93.43% 93.62% 9
Slide 14: Investment properties: commercial
Financial Update Investment Properties Development Properties Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Operating Revenue (Rs. Lakh) 613 549 668 1,603 2,733 EBITDA (Rs. Lakh) 565 488 627 1,435 2,586 EBITDA Margin (%) 92.09% 88.87% 93.97% 89.50% 94.60% Occupancy (%) 41.57% 33.59% 50.64% 36.25% 6
Slide 15: Investment properties: commercial
Financial Update Investment Properties Development Properties Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Operating Revenue (Rs. Lakh) 3,381 3,257 3,124 9,899 9,137 EBITDA (Rs. Lakh) 3,314 2,852 2,982 9,388 8,669 EBITDA Margin (%) 98.02% 87.57% 95.46% 94.84% 94.88% Occupancy (%) 97.39% 97.39% 100
Slide 16: Hospitality: Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Operating Revenue (Rs. Lakh) 1,131 658 3,844 2,037 10,194 EBITDA (Rs. Lakh) (8) (64) 1,528 (555) 3,562 EBITDA Margin (%) -0.72% -9.77% 39.76% -27.25% 34.94% Number of Rooms 269 269 269 269 26
Slide 17: Financial Update: Development Properties
Financial Update Investment Properties Development Properties 16
Slide 18: Residential projects summary
Financial Update Investment Properties Development Properties Revenue Area Available Area Booked Inventory as on Booking Value Project Residential Projects Recognised till for Booking Till Date Date till Date Completion Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) Seven 39,550 33,900 5,650
Slide 19: Residential projects area booked in Q3FY21
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in in Q3FY21 in Q3FY21 for Q3FY21 Q3FY21 Q3FY21 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 11,620 2 2,704 4,186 2,704 Esquire
Slide 20: Exquisite project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Date Area available for booking (sqft.) 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 Units available for booking (nos.) 802 802 802 802 802 802 Area Booked (sqft)
Slide 21: Esquire project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Date Area available for booking (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Units available for booking (nos.) 882 882 882 882 882 882 Area Booked (sqft)
Slide 22: Project status as on Dec 31, 2020
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2020 Project status as on Sep 30, 2020 Artist Impression 21
Slide 23: Maxima project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Date Area available for booking (sqft.) 4,10,595 4,10,595 2,95,104 4,10,595 2,95,104 4,10,595 Units available for booking (nos.) 178 178 129 178 129 178 Area Booked (sqft) 36,637
Slide 24: Project status artist impression
Financial Update Investment Properties Development Properties Artist Impression 23
Slide 25: Project status as on Dec 31, 2020
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2020 Project status as on Sep 30, 2020 24
Slide 26: Eternia project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Date Area available for booking (sqft.) 17,67,640 17,67,640 15,77,120 17,67,640 15,77,120 17,67,640 Units available for booking (nos.) 1,068 1,068 956 1,068 956 1,068 Area Booked
Slide 27: Financial Update: Development Properties
Financial Update Investment Properties Development Properties 26
Slide 28: Project status as on Dec 31, 2020
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2020 Project status as on Sep 30, 2020 27
Slide 29: Enigma project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Date Area available for booking (sqft.) 17,45,682 17,45,682 15,48,278 17,45,682 15,48,278 17,45,682 Units available for booking (nos.) 589 589 524 589 524 589 Area Booked (sqft)
Slide 30: Project status artist impression
Financial Update Investment Properties Development Properties Artist Impression 29
Slide 31: Project status as on Dec 31, 2020
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2020 Project status as on Sep 30, 2020 Artist Impression 30
Slide 32: Sky City project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Date Area available for booking (sqft.) 28,87,679 28,87,679 28,80,812 28,87,679 28,80,812 28,87,679 Units available for booking (nos.) 1,834 1,834 1,830 1,834 1,830 1,834 Area Bo
Slide 33: Project status as on Dec 31, 2020
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2020 Amount spent in Q3FY21 : Rs. 19.44 crore 32
Slide 34: Three Sixty West project data
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY21 Q2FY21 Q3FY20 9MFY21 9MFY20 Date Area available for booking (sqft.) 22,82,346 22,82,346 22,82,346 22,82,346 22,82,346 22,82,346 * Area Booked (sqft) 24,614 24,611 10,394 49,226 48,342 6,50,972 * Units Booke
Slide 35: Quarter highlights
● Gross value of flats sold (excluding subvention costs) during the quarter is Rs 1,016 crores. ● Evenstar Hotels Private Limited, a wholly owned subsidiary, has purchased and taken possession of hotel property known as Ritz Carlton from Oasis Realty for sale consideration of Rs. 1,040 crores. ● Rep
Slide 36: Investor Relations contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Mayank Kapoor EA to MD and Investor Relations mayank.kapoor@oberoirealty.com For any further information please write to ir@oberoirealty.com or contact on (+91 22) 6677 3333 35
Slide 37: 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 38: 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