Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q4 FY2019 Earnings Presentation
43 slides from Godrej Properties's earnings presentation, Apr 30, 2019
Slide 1: Cover letter to stock exchanges
Godrej Properties Limited Regd.Office: Godrej One, 5,i' Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai- 400 079.lnJia Tel.: +91-22-6169 8500 Fax: +9 J -22-6169 8888 Website: www.godr�jpropertles.com CIN, L74120MHl985PLC035308 April 30, 2019 BSE Limited Phiroze Jeejeebhoy Towers,
Slide 2: Results Presentation Fourth Quarter, Financial Year 2019
RESULTS PRESENTATION FOURTH QUARTER, FINANCIAL YEAR 2019 I PROPERTIES
Slide 3: Disclaimer
DISCLAIMER 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 operation
Slide 4: Agenda
AGENDA Overview 01 FY19 Highlights 02 04 FY19 Operational Highlights 03 04 FY19 Financial Highlights 04 Annexure 05 3 I GODREJ PROPERTIES I RESULTS PRESENTATION 04 FY19
Slide 5: Godrej Group
GODREJ GROUP • Established in 1897 Value Creation Track Record • $5 bn in annual revenue 18 year CAGR in , 1 invested in Particulars stock price June 2001 is now worth • 1. 1 billion people globally use a Godrej product' SSE Sensex 15% 12 • Godrej ranked as 2''' most trusted Indian brand'' Godrej Co
Slide 6: Godrej Properties
GODREJ PROPERTIES • Established in 1990 • India's largest publicly listed developer by booking value over the past five years Chancligarh JD< 0.7,/1 : 411 NCR • Successfully delivered over 20 million sq. ft. of real estate in \ 25:1,13 the past five years • ~ 175 million sq. ft. of developable area
Slide 7: Strengths
STRENGTHS • Godrej ranked as the 2"' most trusted Indian brand in the 2013 Brand Trust Report 1 Godrej Brand • 1 .1 billion people globally use a Godrej product" • GPL brings the Godrej brand's reputation for trust, quality and corporate governance to the real estate sector Effective • Competitive a
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL's IPO would be worth more than 6.5x an identical investment into the BSE Realty Index Value Creation Track Record 9 year CAGR in � 1 invested in Particulars stock price January 2010 is now worth BSE Sensex 8.94% 2.20 Godrej Properties 14.70% 3.54 BSE Realty I
Slide 9: Agenda
AGENDA Overview 01 FY19 Highlights O2 04 FY19 Operational Highlights 03 04 FY19 Financial Highlights 04 Annexure 05 8 I GODREJ PROPERTIES I RESULTS PRESENTATION 04 FY19
Slide 10: FY19 Highlights
FY19 HIGHLIGHTS • Highest ever sales in a financial year by GPL • Booking value of lNR 5,316 crore is likely to be the highest booking value achieved by any publicly listed real estate developer in India in FY1 9 • 127% growth in booking value in H2 FY19 compared to H1 FY19. H2 FY19 booking value st
Slide 11: Highest Booking Value Achieved by Any Publicly Listed Developer in FY19
HIGHEST BOOKING VALUE ACHIEVED BY ANY PUBLICLY LISTED DEVELOPER IN FY19 Highest ever sales by GPL in a financial year - booking value of INR 5,316 crore GPL is India's largest publicly listed developer by sales in FY19 and cumulatively over the last 5 years • Sales from new launches stood at INR 3,0
Slide 12: Best Ever Year for Business Development
BEST EVER YEAR FOR BUSINESS DEVELOPMENT Added 11 new projects with saleable area of -31 million sq. ft. in FY19 Projects added in FY19 Particulars Saleable Area {million sq. ft.) Pune portfolio* 25 Sector 43, Naida 2.2 Bandra, Mumbai 1 .1 Golf Course Road, NCR 1 GhodbunderRoad, Thane 0.7 Vashi, Mumb
Slide 13: Capital Raising
CAPITAL RAISING Transaction Highlights " Allotted 1, 27 , 65 , 000 equity shares of INR 5 each to Gamnat Pte. Ltd., a GIC - managed investment firm for INR 783.50/share • Post issue, Gamnat holds 5.57% equity stake in GPL • Demonstrates GPL's ability to successfully raise capital in tough macro econ
Slide 14: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered ~3.2 million sq. ft. across 5 cities in FY19 Godrej Central, Mumbai Godrej Prana, Pune The Trees Phase - 1, Vikhroli Godrej Oasis, NCR 0.66 million sq. ft. 0.63 million sq. ft. 0.50 million sq. ft. 0.5 million sq. ft. Godrej Prakriti, Kolkata Godrej Azure, Chennai G
Slide 15: Global Recognition for Sustainability Initiatives
GLOBAL RECOGNITION FOR SUSTAINABILITY INITIATIVES th th Ranked 4 in Asia & 8 globally by GRESS (Global Real Estate Sustainability Benchmark} 2018 - An industry-driven organization which assesses Environmental, Social and Governance (ESG} performance of real estate globally • GRESB is an industry-dri
Slide 16: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 63 awards in FY19 ILLUSTRATIVE LIST OF AWARDS GODREJ PROPERTIES PROJECT & INDIVIDUAL AWARDS • Best Real Estate Brand 2018 • Adi Godrej The Economic Times Lifetime Achievement Award - Business Standard Awards 2019 • Builder of the Year Lifetime Achievement Award -
Slide 17: Agenda
AGENDA Overview 01 FY1 9 Highlights 02 04 FY19 Operational Highlights Q 3 04 FY19 Financial Highlights 04 Annexure 05 16 I GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY19
Slide 18: Q4 FY19 Operational Highlights
04 FY19 OPERATIONAL HIGHLIGHTS • GPL's best ever quarter for sales - booking value stood at INR 2,161 crore • 105% YoY growth in the value of sales bookings • 41 % 0o0 growth in value of sales bookings despite 03 FY19 being the previous best ever quarter for residential sales • 4 new project/phase l
Slide 19: Sales Highlights
SALES HIGHLIGHTS 105% YoY growth in the value of sales bookings in Q4 FY19 Particulars Q4 FY19 Q4 FY18 Growth Q3 FY19 Growth FY19 FY18 Growth Area Sold* (sq. ft.) 3,718,690 1,471,705 153% 2,802,425 33% 8,759,410 6,257,284 40% Booking Value'* (INR Cr) 2,161 1,054 105% 1.528 41% 5,316 5,083 5% *Includ
Slide 20: Business Development: Pune
BUSINESS DEVELOPMENT Added 6 new projects in Pune with saleable area of 25 million sq. ft. in 04 FY1 9 Pune portfolio deal • Entered into a strategic partnership for the development of over 25 million sq. ft. in Pune in multiple phases over the next 10 years • Portfolio comprises various asset class
Slide 21: Business Development: Mumbai
BUSINESS DEVELOPMENT Added 2 new projects in Mumbai with saleable area of 1.6 million sq. ft. Sandra, Mumbai • Entered into a joint venture to develop a 4.25 acres sea-facing property in the prime micro-market of Bandra West, Mumbai. Project will offer -1 .1 million square feet of saleable area and
Slide 22: Project Booking
PROJECT BOOKING - - ------ - ... ··- ,_ ------- - Particulars Booking Area (sq. ft.) Booking Value (INR Cr) ' .! . lBesidential Projects 04 FY19 FY19 Q4FY19 FY19 .· ' _ ·-··- . I Godrej Central Park, Pune 575,173 575,173 316 316 -···---· Godrej Golf Links, NCR 355,178 592,164 226 389 ,- ---- _______
Slide 23: Launch Tracker FY19
LAUNCH TRACKER FY"19 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New project launches in FY19 New phase launches in FY19 Project City Launch City Launch Status Project Status Area* Area* GodreJ Alive Mumbai v 0.60 Solit
Slide 24: Launch Tracker FY20
LAUNCH TRACKER FY20 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New Project Launches Planned in FY20 New Project Launches Planned in FY20 Project City Launch Project City Launch Status Status Area* Area* GodreJ Platinum
Slide 25: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered 1.6 million sq. ft. across four cities The Trees Phase - 1, Vikhroli Godrej Oasis, NCR 0.50 million sq. ft. 0.50 million sq. ft. Godrej Azure, Chennai Godrej Prana, Pune 0.3 million sq. ft. 0.25 million sq. ft. 24 I GODREJ PROPERTIES I RESULTS PRESENTATION 04 FY19
Slide 26: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 22 awards in Q4 FY19 and 62 awards in FY19 GODREJ PROPERTIES • 13"' Global Communications Conclave organized by Public Relations Council Of India (PACI) • Silver for the Best Use of Media Relations • Bronze for Unique HR Initiatives PROJECT & INDIVIDUAL AWARDS •
Slide 27: Agenda
AGENDA Overview 01 FY19 Highlights 02 04 FY19 Operational Highlights 03 04 FY19 Financial Highlights 04 Annexure 05 26 j GODREJ PROPERTIES I RESULTS PRESENTATION 04 FY19
Slide 28: Consolidated Financial Statements - P&L
CONSOLIDATED FINANCIAL STATEMENTS - P & L -,- (INRCr) ----- ... -·- -------- . ------� . .. - ----- --.. ··-· ........__ particulars 04 FY2019 I 04 FY2018 %Change 03 FY2019 %Change FY2019 FY2018 %C� - I ------ - ------ -·---------- • ·-·-- '' " . otal Income 1,200 I 516 133% 506 137% 3,236 2,066 57%
Slide 29: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 31.03.2019 As on 31.03.2018 A Assets Audited Audited Non Current assets a Property, plant & equipment 71.90 84.82 b _ __ _ _____________ Capital Work-in-Progress ::_ __________ 98.77 _ ___,; 71.37 c Investment Property 2.20 d G
Slide 30: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) ---- .,_,__. ----- ------ --· ---- - -----.-- -- -- - -- . Sr. No Particulars As on 31.03.2019 As on 31.03.2018 i i---- ---- ... - --- -----·----------- - ------+--------- - l------------+- - B Equity and Liabilities Audited Audited -·-·-- 1 Equity ' a
Slide 31: Consolidated Financial Statements - Cashflow
CONSOLIDATED FINANCIAL STATEMENTS - CASHFLOW (INR C,) Notes Particulars 04 FY19 FY19 Operating cashflow Total operating cash inflow 1,225 4,382 A Operating cash outflow Construction and related outflow (470) (1,927) Other project related outflow (365) (1,276) Total operating cash outflow (835} (3,20
Slide 32: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators -- ---------- .. -1 :," FY2018 I Particulars 3 FY2019 FY2019 --------··· 04 FY2018 ---�---.---····· 04 FY2019 I ---- � ' I ---- . ·-- Adjusted EBITDA / Total Income• ' --····------ 36.5% 17.1% 31% 21% ---- -- ----- --- ----- -i I ------ - ------·---�- EBIT
Slide 33: Agenda
AGENDA Overview 01 FY19 Highlights 02 04 FY19 Operational Highlights 03 04 FY19 Financial Highlights 04 Annexure 05 32 I GODREJ PROPERTIES I RESULTS PRESENTATION 04 FY19
Slide 34: A. Residential Projects
A. RESIDENTIAL PROJECTS 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
Slide 35: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification Area Based - 70% (for 12.57 acres), 18 Godrej Palm Grove Chennai Residential 1.93 Own Ongoing 68% (for 4.82 acres) 19 Godrej Azure Chennai Residential 0.70 JV Pr
Slide 36: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification Godrej Emerald Revenue Based - 64% (GPL holds 20% Ongoing 33 Mumbai Residential 1.35 JV equity in the project specific company) 34 Godrej Park Mumbai Residential
Slide 37: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Area (mn sq. ft.) Status Classification 49 Vashi Mumbai Residential 0.50 JV Profit Sharing - 50% Forthcoming 50 Kavesar. Thane GPL holds 20% equity in the project Mumbai Residential 0.7 JV specific com
Slide 38: B. Commercial Projects
B. COMMERCIAL PROJECTS S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification Phase I to !V: Area Based - 73.6% 1 Godre1 Garden City· Ahmedabad Residential 2.40 Own Phase V : Revenue Based - 67 .6% Ongoing Phase VI onwards - 17% of Revenue
Slide 39: Thank You
THANK YOU For further information, please contact: Rajendra Khetawat Godrej Properties Limited Tel: +91 22 6169 8500 Fax: +91 22 6169 8888 Email: rajendra@godrejproperties.com
Slide 40: Press Release Q4 FY19 Results
* I PROPERTIES GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai - 400079 PRESS RELEASE Q4 FY19 Results • Highest ever sales in a financial year by GPL • Booking value of INR 5,31
Slide 41: Press Release: Booking Value and Business Development
P-3/' l PROPERTIES • FY19 witnessed total booking value of INR 5,316 crore and total booking volume of 8.76 million sq. ft. as compared to total booking value of INR 5,083 crore and total booking volume of 6.26 million sq. ft. in FY18 Business Development Added 8 new projects with saleable area of -
Slide 42: Press Release: Construction Highlights and Financial Overview
p�� I PROPERTIES Construction Highlights • Achieved revenue recognition at The Trees - Phase 1 within 32 months, one year ahead of schedule • Delivered -1.6 million sq. ft. across 4 cities in FY19 Commenting on the performance of Q4 FV2019, Mr. Pirojsha Godrej, Executive Chairman, Godrej Properties
Slide 43: About Godrej Properties Limited
�/PROPERTIES About Godrej 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