Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q2 FY2020 Earnings Presentation
31 slides from Godrej Properties's earnings presentation, Nov 5, 2019
Slide 1: Cover letter to BSE and NSE
Godrej Properties Limited Regd.Office: Godrej One, 5t1, Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai- 400 079.India Tel.: +91-22-6169 8500 Fax: +91-22-6169 8888 Website: www.godrejprope1ties.com CIN: L74120MHI985PLC035308 November 05, 2019 BSE Limited Phiroze Jeejeebhoy Towers
Slide 2: Results Presentation Second Quarter, Financial Year 2020
RESULTS PRESENTATION SECOND QUARTER, FINANCIAL YEAR 2020 Gg | PROPERTIES
Slide 3: Forward-looking statements disclaimer
IM Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations includ
Slide 4: Overview
Overview 02 FY20 Operational Highlights 02 02 FY20 Financial Highlights 03 Annexure 04 3 J GODREJ PROPERTIES I RESULTS PRESENTATION 02 FY20
Slide 5: Godrej Group overview and value creation track record
R J u Established in 1897 Value Creation Track Record I e $5 bn in annual revenue 18 year GAGA in \ 1 invested in Particulars stock price June 2001 is now worth ® 1 .1 biilion people globally use a Godrej product1 SSE Sensex -14% -12 • Godrej mnks amongst the most trusted Indian brands;) Godrej Cons
Slide 6: Godrej Properties at a glance
R J @ Established in 1990 • India's largest publicly listed developer by booking value over the past five years Chandigarh •· 0.7, 1 eNCR Successfully delivered over 20 million sq. ft. of real estate in 25.1, 13 the past five years ® -175 million sq. ft. of developab!e area across India Ahmedabad 8
Slide 7: Godrej brand and competitive advantages
N T @ 1 .1 billion people globally use a Godrej product Godrej Brand \IJl Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report \IJl GPL brings the Godrej brand's reputation for trust, quality and corporate governance to the real estate sector Effective @ Comp
Slide 8: Value creation track record
T K 0 N An investment into GPL's IPO would be worth ~ 9x an identical investment into the BSE Realty Index Value Creation Track Record 9 year CAGR in \' 1 invested in Particulars January 201 0 stock price is now worth BSE Sensex 8.4% 2.20 I Godrej Properties 16.7% 4.51 SSE Realty Index -6.7% 0.51 7
Slide 9: FY20 Operational Highlights
Overview 01 02 FY20 Operational Highlights 02 FY20 Financial Highlights 03 Annexure 04 8 I GODREJ PROPERTIES I RESULTS PRESENTATION 02 FY20
Slide 10: Operational highlights
y N LI * Launched 6 new projects/phases in 02 FY20, and 9 new projects/phases in H1 FY20 1/1> 79% YoY growth in value of sales booking for 02 FY20 to INR 1,446 crore and 44% YoY growth in value of sales booking for H1 FY20 to INR 2,343 crore @ No new deals announced during the quarter, but large num
Slide 11: Sales performance and new project launches
LI Particulars Q2 FY20 Q2 FY19 Growth Q1 FY20 Growth H1 FY20 H1 FY19 Growth Area Sold* (sq. ft.) 2,256,659 1,068,792 111% 1,349,271 67% 3,605,930 2,238,295 61% Booking Value** (INR Cr) 1446 807 79% 897 61% 2,343 1,627 44% "Includes : **Includes - 0 sq. ft. of JVP area in 02 FY20 & 23,346 sq. fl. of
Slide 12: Project-wise sales
Pa1iiculars 8uu:, .. I� Area □ookl1 ,g Value Residential Projects Q2 FY20 H1 FY20 Q2 FY20 H1 FY20 Godrej South Estate, NCR 182,642 182,642 310 310 Godrej Hillside 1 . Pune 445,822 445,822 253 253 Godrej 24, Bangalore 263,049 263,049 127 127 Godrej Palm Retreat, NCR 2 205,257 432,246 127 266 : - --·-
Slide 13: Planned project and phase launches in FY20
C Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New project launches planned in FY20 New phase launches planned in FY20 Project City Launch Project City Launch Status Status Areaj' Area* Godmj Palm Retmat NCR V 0.93 Godmj
Slide 14: Awards received
A A D N R 0 NITI N GPL received 31 awards in 02 FY20 and a total of 37 awards in H1 FY20 ILLUSTRATIVE LIST OF AWARDS GODREJ PROPERTIES PROJECT & INDIVIDUAL AWARDS lit!> Real Estate Company of the year • Godrej Elements, Pune Construction Week Awards 2019 RoSPA Silver Award - Royal Society for Preven
Slide 15: FY20 Financial Highlights
Overview 01 02 FY20 Operational Highlights 02 02 FY20 Financial Highlights Annexure 04 14 I GODREJ PROPERTIES I RESULTS PRESENTATION 02 FY20
Slide 16: Consolidated financial statements - P&L
C N LI D IN N L TAT M NT -P&L (INRCr) -----·- Particulars 02 FY2020 02 FY2019 %Change 01 FY2020 %Change H1 FY2020 H1 FY2019 %Change Total Income 370 473 -22% 708 l -48% 1,078 1,529 -30% Adjusted EBITDA* 191 106 80% 258 ! -26% 449 386 16% I i EBITDA** 135 69 96% 195 -31% 330 194 70% I - -- I Profit b
Slide 17: Consolidated cash flow
N LI AT (INR Cr) Notes Particulars 02 FY20 H1 FY20 Operating cashflow Total operating cash inflow 859 1,744 A Operating cash outflow Construction and related outflow (416) (875) Other- pmject related outflow (403) (804) Total operating cash outflow (819) (1,679) Net operating cashflow 39 65 Financia
Slide 18: Consolidated financial statements - Balance sheet (assets)
CONSOLI DAT D FINANCIAL STATEMENTS- BS (INR Cr) I Sr. No Particulars As on 30.09.2019 ! : As on 31 .032019 .A Assets Unaudited Audited ! 1 Non Current assets i a Property, plant & equipment 81.41 71.90 b Capital Work-in-Pmgress 114.60 98.77 C Investment Propetiy 2.13 2.20 d Goodwill --·- 0.04 0.04 e
Slide 19: Consolidated financial statements - Balance sheet (equity and liabilities)
CONSOLIDAT D INANCIAL STAT M NTS-BS (INR ----------·- ---------·-------- - - ----- I Sr. No Particulars As on 30.09.201 9 As on 31.03.2019 I ---·---······-� Equity and Liabilities Unaudited Audited I ---- ---·-----·- ---- j 1 Equity ---� i \ a Equity share capital --·--·--- I 126.01 114.66 --� I i b
Slide 20: Profitability and leverage indicators
FIN N N Profitability Indicators Particulars 02 FY2020 02 FY2019 01 FY2020 H1 FY2020 H1 FY2019 Adjusted EBITDA / Total Income* 51.6% 22.4% 36.4% 41.6% 25.3% - -----·-- EBITDA / Total Income** 36.4% 14.5% 27.6% 30.6% 12.7% ---- PBT Margin% 19.7% 0.8% 19.8% 19.8% 4.4% Net Profit Margin% # 8.3% 4.3% 12
Slide 21: Annexure
Overview 01 02 FY20 Operational Highlights 02 02 FY20 Financial Highlights Annexure 20 I GODREJ PROPERTIES I RESULTS PRESENTATION 02 FY20
Slide 22: Project list and business models
NTI J C S.No Project Name Location Asset Class Est Saleable Ind AS Business Model Status Area (mn sq. ft.} Classification Phase I to IV: Area Based - 73.6% 1 Godrej Garden City" Ahmedabad Residential 14.80 Own Phase V: Revenue Based - 67.6% Ongoing Phase VI onwards 17% of Revenue 2 Oevanahalli 1 Ban
Slide 23: Project list and business models
N L J S.No Project Name Location Asset Class Est Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification Area Based - 70% (fm 12.57 acres), 18 Godrej Palm Grove Chennai Residential 1 .93 Own 68% (for 4.82 acres) Ongoing 19 Godrej Azure Chennai Residential 0.70 JV Profit Sharing - 37%
Slide 24: Project list and business models
ID N IA J S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification 33 Godrej Ememld Mumbai Residential 1.35 JV Revenue Based - 64% (GPL holds 20% Ongoing equity in the project specific company) 34 Godrej Park Mumbai Residential 0.77 Own Reven
Slide 25: Project list and business models
A. N J C S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Status Area {mn sq. ft.) Classification 49 Vashi Mumbai Residential 0.50 JV Profit Sharing - 50% Forthcoming GPL holds 20% equity in the project Forthcoming 50 Kavesar, T hane Mumbai Residential 0.7 JV specific compa
Slide 26: Project list and business models
N J T S.No Project Name Location Asset Class Est Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification 65 Hinjawadi Pune Residential 8.80 JV Forthcoming 66 Manjari Pune Residential 4.80 JV Forthcoming 67 Kalyani Nagar Pune Residential 0.50 JV Forthcoming OM- 12.5% of Revenue & Pmfit
Slide 27: Mixed-use, commercial and retail projects
MM L R J T S.No Project Name Location Asset Class Est Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification Phase I to IV: Area Based - 73.6% Godrej Gat'den City+ Ahmedabad Residential 2.40 Own Phase V : Revenue Based - 67 .6% Ongoing Phase VI onwards -- 17% of Revenue 2 Godmj Etern
Slide 28: For further information, please contact
For further information, please contact: Rajendra Kl1etawat Godrej Properties Umited Tel: +91 22 6169 8500 Fax: +91 22 6169 8888 Email: rajendm@godrejproperties.com
Slide 29: Press release: Q2 FY20 and H1 FY20 results
GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai - 400079 PRESS RELEASE Consolidated Financials for Q2FY20 and H1 FY20 Results • Total booking value YoY growth of 79% to INR 1,44
Slide 30: Press release: Other highlights and financial overview
Other Highlights • GPL received 31 awards in Q2 FY20 including 'Real Estate Company of the year' at Construction Week Awards 2019 Commenting on the performance of Q2 FY2020, Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties Limited, said: "The overall environment in the real estate sector r
Slide 31: About Godrej Properties Limited
I PROPERTIES About Godrei Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 122-year legacy of excellence and trust with a commitment to cutting-edge design