Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q1 FY24 Earnings Presentation
34 slides from Oberoi Realty's earnings presentation, Jul 31, 2023
Slide 1: Oberoi Realty Limited Result Update Q1FY24
Oberoi Realty Limited Result Update Q1FY24 July 31, 2023
Slide 2: Table of Contents
Table of Contents Financial Update Investment Properties Development Properties Note: The areas for Investment Properties and Development Properties mentioned in this Result Update refer to carpet areas. 1
Slide 3: Balance Sheet – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Balance Sheet – Abstract (Consolidated) Amount in Rs Lakh Particulars Q1FY24 Q1FY23 FY23 Non-current assets 6,49,325 7,01,759 6,18,461 Current assets 12,15,761 8,96,715 12,45,639 Total 18,65,086 15,98,474 18,64,100 Equity 12,38,604 10,81,
Slide 4: Cash Flow – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Cash Flow – Abstract (Consolidated) Amount in Rs Lakh Particulars Q1FY24 Q1FY23 FY23 Opening Cash and Cash Equivalents 83,699 1,19,554 1,19,554 Operating Cash Flows 77,077 31,421 (2,38,304) Investing Cash Flows (76,541) (1,07,847) 1,03,42
Slide 5: Assets – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Assets – Abstract (Consolidated) Amount in Rs Lakh Particulars Q1FY24 Q1FY23 FY23 Non-current assets Fixed assets (including CWIP) 5,23,577 4,42,254 4,98,000 Financial assets 45,364 1,89,161 46,168 Deferred tax assets (net) 20,359 2,814 2
Slide 6: Liabilities – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Liabilities – Abstract (Consolidated) Amount in Rs Lakh Particulars Q1FY24 Q1FY23 FY23 Non-current liabilities Financial liabilities i) Borrowings 2,86,185 2,24,068 2,88,064 ii) Trade Payables 7,588 3,921 6,913 iii) Others 16,474 17,294 1
Slide 7: Profit & Loss Account – Abstract (Consolidated)
Financial Update Investment Properties Development Properties Profit & Loss Account – Abstract (Consolidated) Amount in Rs Lakh (Except EPS) Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Revenue from Projects 71,522 80,477 77,253 3,61,243 Revenue from Hospitality 3,922 4,589 3,460 15,602 Other Operating Rev
Slide 8: Key Financial Parameters
Financial Update Investment Properties Development Properties Key Financial Parameters Particulars Q1FY24 Q1FY23 FY23 Operating margin 52.06% 53.90% 50.37% Net profit margin 34.45% 43.12% 44.36% RONW# 10.52% 16.89% 18.78% ROCE# 9.55% 14.30% 15.59% Gross debt to equity 0.30 0.26 0.32 Net debt to equi
Slide 9: Operating Margin Analysis
Financial Update Investment Properties Development Properties Operating Margin Analysis Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q1FY24 52.06% 45.18% 96.57% 36.59% -9.13% Revenues from operations 90,997 71,632 14,167 3,943 1,255 Operating margin
Slide 10: Performance of Scrip (from listing)
Financial Update Investment Properties Development Properties Performance of Scrip (from listing) 420.00 400.00 380.00 360.00 340.00 320.00 300.00 280.00 260.00 240.00 220.00 Index 200.00 180.00 160.00 140.00 120.00 100.00 80.00 60.00 40.00 20.00 20-Oct-10 19-Feb-11 21-Oct-11 20-Feb-12 21-Oct-12 20-
Slide 11: Shareholding Pattern (%)
Financial Update Investment Properties Development Properties Shareholding Pattern (%) Category 30-Jun-23 31-Mar-23 31-Dec-22 30-Sep-22 30-Jun-22 Promoter and Promoter Group 67.70% 67.70% 67.70% 67.70% 67.70% Foreign Institutional Investors (FIIs) 18.16% 17.76% 17.33% 18.02% 19.42% Domestic Institut
Slide 12: Investment Properties - Completed
Financial Update Investment Properties Development Properties Investment Properties - Completed The Westin Mumbai Garden City Carpet Area : 189,250 sqft. Carpet Area : 480,754 sqft. 269 rooms Carpet Area : 331,493 sqft. Note: The areas for Investment Properties mentioned in this Result Update refer
Slide 13: Oberoi Mall
Financial Update Investment Properties Development Properties Oberoi Mall Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Operating Revenue (Rs. Lakh) 3,783 3,648 3,760 14,617 EBITDA (Rs. Lakh) 3,580 3,280 3,594 13,738 EBITDA Margin (%) 95% 90% 96% 94% * * * Occupancy (%) 96% 96% 96% 96% Carpet Area Leased (S
Slide 14: Commerz
Financial Update Investment Properties Development Properties Commerz Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Operating Revenue (Rs. Lakh) 794 689 781 2,918 EBITDA (Rs. Lakh) 714 612 606 2,515 EBITDA Margin (%) 90% 89% 78% 86% Occupancy (%) 56% 56% 53% 56% Carpet Area Leased (Sqft.) 1,06,717 1,06,717
Slide 15: Commerz II
Financial Update Investment Properties Development Properties Commerz II Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Operating Revenue (Rs. Lakh) 2,681 3,008 2,719 11,558 EBITDA (Rs. Lakh) 2,494 2,754 2,510 10,678 EBITDA Margin (%) 93% 92% 92% 92% Occupancy (%) 80% 86% 80% 81% Carpet Area Leased (Sqft.) 3
Slide 16: The Westin Mumbai Garden City
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Operating Revenue (Rs. Lakh) 3,943 4,611 3,481 15,688 EBITDA (Rs. Lakh) 1,445 2,078 1,359 6,123 EBITDA Margin (%) 37% 45% 39% 39% Number of Rooms 269 269 269 269 Average
Slide 17: Development Properties
Financial Update Investment Properties Development Properties Development Properties Note: The areas for Development Properties mentioned in this Result Update refer to carpet areas. 16
Slide 18: Project Till Date Synopsis – Key Development Properties
Financial Update Investment Properties Development Properties Project Till Date Synopsis – Key Development Properties Revenue Area Booked Inventory as Booking Value Project Residential Projects Carpet Area Recognised till Till Date on Date till Date Completion Date (sqft.) (sqft.) (sqft.) (Rs. Lakh)
Slide 19: Quarterly Synopsis - Key Development Properties
Financial Update Investment Properties Development Properties Quarterly Synopsis - Key Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in Q1FY24 in Q1FY24 for Q1FY24 Q1FY24 in Q1FY24 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lak
Slide 20: Elysian
Financial Update Investment Properties Development Properties Elysian Project status as on Mar 31, 2023 Project status as on Jun 30, 2023 19
Slide 21: Elysian
Financial Update Investment Properties Development Properties Elysian Project Till Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Date Carpet area (sqft.) 15,15,481 15,15,481 15,15,481 15,15,481 15,15,481 Units (nos.) 719 719 719 719 719 Area Booked (sqft) 28,226 23,877 85,847 1,49,928 9,57,916 Units Booked
Slide 22: Maxima
Financial Update Investment Properties Development Properties Maxima Artist Impression 21
Slide 23: Maxima
Financial Update Investment Properties Development Properties Maxima Project Till Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Date Carpet area (sqft.) 1,83,067 1,83,067 1,83,067 1,83,067 1,83,067 Units (nos.) 132 132 132 132 132 Area Booked (sqft) - 5,209 6,967 20,907 1,75,232 Units Booked (nos.) - 2 4 11
Slide 24: Eternia
Financial Update Investment Properties Development Properties Eternia Artist Impression 23
Slide 25: Eternia
Financial Update Investment Properties Development Properties Eternia Project Till Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Date Carpet area (sqft.) 13,49,549 13,49,549 13,34,637 13,49,549 13,49,549 Units (nos.) 1,312 1,312 1,296 1,312 1,312 Area Booked (sqft) 25,782 37,149 32,776 1,24,326 7,31,134 Uni
Slide 26: Enigma
Financial Update Investment Properties Development Properties Enigma Project status as on Mar 31, 2022 26
Slide 27: Enigma
Financial Update Investment Properties Development Properties Enigma Project Till Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Date Carpet area (sqft.) 12,57,392 12,57,392 12,58,273 12,57,392 12,57,392 Units (nos.) 682 682 683 682 682 Area Booked (sqft) 22,942 26,958 31,183 1,40,138 7,33,764 Units Booked (
Slide 28: Sky City
Financial Update Investment Properties Development Properties Sky City Artist Impression 28
Slide 29: Sky City
Financial Update Investment Properties Development Properties Sky City Project status as on Mar 31, 2023 Project status as on Jun 30, 2023 Artist Impression 29
Slide 30: Sky City
Financial Update Investment Properties Development Properties Sky City Project Till Particulars Q1FY24 Q4FY23 Q1FY23 FY23 Date Carpet area (sqft.) 28,54,907 28,54,907 22,62,048 28,54,907 28,54,907 Units (nos.) 2,734 2,734 2,233 2,734 2,734 Area Booked (sqft) 68,938 49,651 84,628 3,51,814 22,31,092 U
Slide 31: Highlights Awards
Highlights ➢ Received Occupation Certificate for Maxima residential ➢ Area handed over to tenant for fit outs in Commerz III ➢ Entered into MOU to acquire land admeasuring~6.4 acres, which is contiguous to the existing lands owned on Pokhran Road 2, Thane Awards ➢ The Westin Mumbai Garden City recei
Slide 32: Thank You
Thank You Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Keyur Jangbari Deputy Manager – Finance & Investor Relations keyur.jangbari@oberoirealty.com For any further information please write to ir@oberoirealty.com or contact on (+91 22) 6677
Slide 33: Annexure
Annexure Notes 1. Previous period figures have been re-grouped, re-arranged and re-classified wherever necessary to conform to current period’s classification. The classification in this presentation may vary from classifications under Schedule III to the Companies Act or under Accounting Standards
Slide 34: Disclaimer
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