Brigade Enterprises Limited · NSE:BRIGADE

Brigade Enterprises — Q3 FY2014 Earnings Presentation

19 slides from Brigade Enterprises's earnings presentation, December 2013

  1. Slide 1: Investor Presentation December 2013

    INVESTOR PRESENTATION DECEMBER 2013

  2. Slide 2: Quarterly and YTD Q3 financial results

    YTD Q3 YTD Q3 YTD Q3 Q3 14 Q3 14 14 on Q3 -14 Q2-14 Q3-13 14 13 on Q2 14 on Q3 13 YTD Q3 Particulars 13 Rs. Mn Rs. Mn Rs. Mn Rs. Mn Rs. Mn Turnover 1,835 1,808 1,591 5,216 4,887 1% 15% 7% EBIDTA 657 594 486 1,719 1,431 11% 35% 20% Interest 191 198 211 564 634 -4% -10% -11% Profit after Int 466 396 2

  3. Slide 3: For 9 months ended Dec 2013 by segment

    For 9 months ended Dec 2013 Rs. in Million Particulars Real Estate Hospitality Lease Total rentals Revenue 3,272 886 1,057 5,216 Expenses 2,405 227 - 2,631 Gross profit 868 660 1,057 2,585 Admin Expenses 145 157 142 445 Employee cost 249 157 15 421 EBIDTA 474 345 900 1,719 EBIDTA / Revenue % 14.47%

  4. Slide 4: Capital employed and debt by segment, Dec 2013

    As on Dec 2013 Rs. in Million CAPITAL PBD/Eq EBIDTA/CE SEGMENT EQUITY DEBT D/E Ratio EMPLOYED % % Real Estate 7,338 3,763 11,101 0.51 7.97% 5.69% Hospitality 1,678 909 2,587 0.54 14.82% 17.80% Lease Rental 3,471 3,965 7,436 1.14 20.36% 16.14% Total 12,487 8,637 21,124 0.69 12.33% 10.85% Less: Cash B

  5. Slide 5: Movement of loan; ICRA rating upgraded to A Minus

    Rs. in Million Movement of Loan Qtr Qtr Qtr Qtr Qtr Qtr Qtr ended ended ended ended ended ended ended June 12 Sept 12 Dec 12 Mar 13 June 13 Sept 13 Dec 13 Opening Balance 8,508 9,226 9,168 8,813 9,850 9,815 8,308 Availed during the Qtr 1,399 1,805 425 1,718 925 821 1,420 Repaid during the Qtr 682 1,

  6. Slide 6: Debt and interest rate trend

    10,000 13.86% 14.00% 13.55% 9,850 9,815 13.50% 9,500 13.31% 13.11% 13.06% 13.00% 9,226 12.78% 9,168 9,000 12.46% 12.38% 12.50% 8,813 Rs. Mn 12.27% 8,500 8,637 8,537 8,508 12.00% 8,308 8,000 11.50% 7,500 11.00% Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13 Debt Int Rate

  7. Slide 7: 2013-14 Sales volume (SFt)

    =======2013-14 Sales (SFt in ‘000)========= Type Q1 Q2 Q3 Q4 Total Residential 715 678 473 1,866 Commercial 31 132 163 Total 715 709 605 2,029 2012-13 Quarterly sales (SFt in ‘000) Type Q1 Q2 Q3 Q4 Total Residential 300 271 297 537 1,405 Commercial 151 79 125 108 463 Total 451 350 422 645 1,868 In

  8. Slide 8: 2013-14 Sales value (Rs. Mn)

    =======2013-14 Sales (Rs. In Mn)========= Type Q1 Q2 Q3 Q4 Total Residential 3,345 3,364 2,579 9,288 Commercial 218 1,016 1,234 Total 3,345 3,582 3,595 10,522 Avg Rate/ SFT Rs. 4,678 5,050 5,946 5,186 2012-13 Quarterly sales ( Rs. In Mn) Type Q1 Q2 Q3 Q4 Total Residential 1,089 1,002 1,076 2,322 5

  9. Slide 9: Sales by location

    Location Q-1 Q-2 Q-3 Total Area in SFt Bangalore 6,79,960 634,102 5,25,160 18,39,222 Mysore 12,520 58,000 62,230 1,32,750 Chikmagalur 700 2,150 2,850 Mangalore 9,660 17,190 15,120 41,970 Hyderabad 12,180 12,180 Total 7,15,020 709,292 6,04,660 20,28,972 Q-1 Q-2 Q-3 Total Rs. In Mn Bangalore 3,118 3,3

  10. Slide 10: Grand Mercure and Sheraton hotel performance

    GRAND MERCURE SHERATON FOR THE FOR THE APRIL TO DEC YEAR APRIL TO DEC YEAR Details 2013 2012 2012-13 2013 2012 2012-13 No of Keys 126 126 126 230 230 230 Occupancy 85% 78% 82% 71% 64% 63% ARR 6399 6535 6682 7688 7036 7603 GOP 49.9% 52.7% 51.0% 38.9% 31.9% 33.4%

  11. Slide 11: Leasable area leased out

    Area in ‘000 SFt To be Leasable Area Leased out In pipe Line Leased WTC 599 529 70 South Parade 117 73 12 32 Orion Mall 825 772 53 B.Solitare, B.lore 10 10 Others 13 13 Total 1,564 1,397 12 155

  12. Slide 12: Synopsis of Ongoing Projects Dec 2013

    Synopsis of Ongoing Projects Dec 2013 Ongoing Stock Particulars Total Projects Sales In Mn. Sft Total super built-up area of launched project on sale basis 9.81 0.17 9.98 Less: LO Share 2.05 2.05 Co share of saleable area 7.76 0.17 7.94 Sold till date 3.95 3.95 To be sold 3.81 0.17 3.98 Rs. In Mn Es

  13. Slide 13: Synopsis of Ongoing Projects (continued)

    Synopsis of Ongoing Projects-Coninued Ongoing Stock Particulars Total Projects Sales Rs. In Mn Revenue Recognised till date 5,457 5,457 Revenue to be Recognised (incl unsold units) 32,140 741 32,880 Estimated cost for the projects (incl Land/NRD) 24,843 650 25,493 Cost incurred till date 7,833 650 8

  14. Slide 14: Projects: project area, LO/JV share and company share

    As on Dec 2013 Area in SFT Projects Project Area LO/JV share Co Share Residential projects 98,11,219 20,46,918 77,64,301 B.Orchards * 11,51,614 5,75,807 5,75,807 B.Cosmopolis * 8,04,000 3,93,960 4,10,040 Total Residential 1,17,66,833 30,16,685 87,50,148 B. Metropolis Annex 460,665 230,333 230,332 B

  15. Slide 15: Completed projects stock, as on Dec 2013

    As on Dec 2013 Rs. in Million Completed Projects Stock Current Estimated Estimated rate sale value profit Brigade Gateway-Residential 3,040 7,550 23 15 Brigade Metropolis Arcade 4,410 5,000 22 11 Metropolis Summit 1,65,610 4,200 696 64 Total-Completed 1,73,060 4,279 741 91

  16. Slide 16: Land bank details - Group

    LAND BANK DETAILS-Group Rs. Mn As on Dec 2013 LAND AREA LOCATION TOTAL COST* PAID PAYABLE (in acres) Bangalore 240 5,372 4,090 1,282 Chennai 57 750 400 350 Cochin 21 204 204 - Mangalore 25 45 45 0 Mysore 30 96 84 12 Total 373 6,467 4,823 1,644 * Includes Refundable/Non Refundable Deposits for Joint

  17. Slide 17: Developable area - Group

    Developable Area-Group As on Dec 2013 Product No of Proj BEL Location No of Proj BEL Projects Area Share Projects Area Share SFT in SFT in SFT in SFT in Mn Mn Mn Mn Residential 27 21.69 16.03 Bangalore 37 22.45 17.90 Commercial- Sale 5 1.66 0.99 Chennai 2 4.46 2.46 Commercial- Lease 11 6.83 6.49 Coc

  18. Slide 18: New projects to be launched during 2013-14

    New Projects to be Launched during the year 2013-14 As on Dec 2013 LAND PROJECT PROJECT CITY BEL SHARE During AREA AREA In Acres Sft in Mn Sft in Mn Brigade Palmgrove-town homes Mysore 2 0.09 0.07 Q-4 B.Meadows Block B Phase 2 Bangalore 15 0.70 0.70 Q-4 B.Meadows Block C Phase 2 Bangalore 16 0.72 0.

  19. Slide 19: Thank you

    THANK YOU Brigade Enterprises Ltd K Suresh 29th & 30th Floor, World Trade Centre, Chief Financial Officer Brigade Gateway Campus, Email: sureshkris@brigadegroup.com 26/1, Dr. Rajkumar Road, Malleswaram-Rajajinagar, Om Prakash P Bangalore -560 055. Company Secretary Phone: 91-80-4137 9200 Email: ompr

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