Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q2 FY23 Earnings Presentation
24 slides from Kolte-patil Developers's earnings presentation, Nov 10, 2022
Slide 1: Q2 FY23 Financial Results Presentation cover letter
wi'. Creation, not construction To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationsh ip Department, 'Exchang e Plaza' , 1't Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Stree
Slide 2: Q2 & H1 FY23 Results Presentation
Kolte-Patil Developers Limited Q2 & H1 FY23 Results Presentation 1
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Table of Contents
Table of Contents 01 KPDL – Power Of Discipline 06 Abridged Cash Flows 02 CEO’s Message 07 P&L Snapshot 03 Operational Highlights 08 Project Portfolio 04 Priority Launches 09 Outlook 05 Performance Highlights 10 About Kolte-Patil Developers Ltd. 3
Slide 5: Power Of Discipline – Deliver More With Less
Power Of Discipline – Deliver More With Less Asset-light Sustained Successive ROCE ~13% Among the Consistently growth market years of (4-year healthiest positive leadership debt average) sectorial operating reduction sales cash flows throughputs Sound Diversifying Stronger Collections Sales and Benc
Slide 6: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance Leading 3 Decades ~37 MSF Residential real estate player in of presence being incorporated Project portfolio - under Pune in 1991 execution, approval, land bank (Awarded as Most Reputed Brand in Pune) and DMA > 23 MSF ~13% A+/Positive (ICRA) A+/Stable (CRISIL) of
Slide 7: CEO’s Message
CEO’s Message Commenting on the performance for Q2 FY23 Mr. Rahul Talele, Group CEO, Kolte-Patil Developers Limited said: It is encouraging to observe the revival in the housing market across key geographies and demand segments. Residential sector performance continues to witness ongoing improvement
Slide 8: Operational Highlights – Q2 FY23
Operational Highlights – Q2 FY23 New area sales Q2FY23 Q1FY23 Q2FY22 QoQ YoY H1FY23 H1FY22 YoY Volume (million sq. ft.) 0.56 0.61 0.67 -9% -17% 1.17 1.07 9% Value (Rs. Crore) 367 445 429 -17% -14% 812 678 20% Realization (Rs./sq. ft.) 6,622 7,260 6,370 -9% 4% 6,960 6,312 10% Collections (Rs. Crore)
Slide 9: Region-wise Sales – Q2 FY23
Region-wise Sales – Q2 FY23 Total Area Sold Total Sales Value Total Collection 0.56 msf Rs. 367 Crore Rs. 404 Cr0re Total (Mumbai Projects) 0.04 msf Rs. 68 Crore Rs. 105 Crore (7%) (18%) (26%) Total (Pune Projects) Maharashtra 0.49 msf RS. 282 Crore RS. 270 Crore (88%) (77%) (67%) Karnataka Total (B
Slide 10: Sales & Collections – Ongoing Projects – Q2 FY23
Sales & Collections – Ongoing Projects – Q2 FY23 Area Sold Sales Value APR Collections Projects Location (msf.) (Rs. Crore.) (Rs./sft.) (Rs. Crore) Life Republic Hinjewadi 0.13 70 5,341 76 Universe(R10) ,LR Hinjewadi 0.10 54 5,437 37 Giga Platinum Viman nagar 0.02 21 8,825 22 Stargaze Bavdhan 0.05 2
Slide 11: New Sales Analysis – Q2 FY23 And portfolio split
New Sales Analysis – Q2 FY23 And portfolio split msf. 0.35 0.56 0.85 0.40 0.67 0.86 0.78 0.61 0.56 41% 41% 40% 30% 34% 34% 31% 31% 31% 29% 29% 23% 23% 23% 22% 22% 22% 21% 21% 21% 19% 19% 19% 18% 17% 17% 17% 17% 16% 16% 16% 14% 14% 12% 12% 12% 11% 10% 10% 10% 9% 8% 8% 5% 5% Q2 FY21 Q3 FY21 Q4 FY21 Q1
Slide 12: Priority Launches
Priority Launches Total Saleable Total Potential Phase I Saleable Phase I Potential Regions Projects Location Use Area (msf.) (In Crore) Area (msf) (In Crore) Baner Baner Mixed Use 1.60 ~1,450 Cr 0.90 ~800 Cr Kiwale Kiwale Residential 2.50 ~1,400 Cr 0.80 ~450 Cr Pune Pimple Nilakh Pimple Nilakh Resi
Slide 13: Judiciously building project pipeline for the next round of growth
Judiciously building project pipeline for the next round of growth Focused on meaningful additions to portfolio across Pune, Bengaluru and Mumbai Targeting acquisitions through outright/structured deals and JVs/JDAs with land owners / other developers FY23 FY22 Targeting acquisitions of 10 msf of
Slide 14: Mumbai Presence - Expanding Footprint
Mumbai Presence - Expanding Footprint Shree Avadhoot (Dahisar East) Opp. Subway, St. Mary School Vaayu (Dahisar West) Near Mary Immaculate Girls School Evara (Borivali West) Near. McDonald's, S V Road Verve (Goregaon West) Walking distance from Inorbit mall, adjacent to Central mall Faster Creation
Slide 15: Performance Highlights – Five Years
Performance Highlights – Five Years Sales Value, Rs. Crore Sales Volume, msf APR, Rs./sft. 11% 1,739 2.71 6,407 2.70 45% 2.51 30% 5,765 5,785 1,432 5,302 5,309 1,331 2.09 2.08 1,198 1,201 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Collections, Rs. Crore Delivery, msf
Slide 16: Performance Highlights – Q2 FY23
Performance Highlights – Q2 FY23 Sales Value, Rs. Crore Sales Volume, msf APR, Rs./sft. Collections, Rs. Crore 561 7,260 500 474 0.86 6,622 501 0.78 6,370 6,489 6,418 421 404 429 445 0.67 374 367 0.61 0.56 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY22 FY22 FY22 FY23 FY23 FY22 FY22
Slide 17: Abridged Cash Flows
Abridged Cash Flows H1 FY23 Q2 FY23 Abridged Cash flows - (Rs. crore) (Un-Audited) (Un-Audited) Opening Balance* - A 350 365 Operating Activities Collections 821 384 Construction Cost -430 -204 Other Expenses -140 -60 Direct & Indirect Taxes -59 -30 Operating Cashflow - B 192 90 Financing Activities
Slide 18: Consolidated Debt Profile
Consolidated Debt Profile Consolidated Debt Profile (Rs. crore) 30th Sep, 2022 30th June, 2022 31st Mar, 2022 CCM CCM CCM Net Worth 957 981 959 Gross Debt 573 514 522 Less: OCD/CCD/OCPRS/Zero Coupon NCDs 87 91 100 Debt 486 423 421 Less: Cash & Cash Equivalents & Current Investments** 234 280 290 Net
Slide 19: Consolidated Profit and Loss Snapshot
Consolidated Profit and Loss Snapshot Q2 Q1 Q2 P&L Snapshot (Rs. crore) H1 FY23 H1 FY22 FY23 FY23 FY22 Revenue from Operations 323.4 501.1 123.3 200.1 303.8 EBITDA 41.3 115.2 -5.6 46.9 52.7 EBITDA Margin (%) 12.7% 23.0% -4.5% 23.4% 17.4% Profit before tax 34.4 90.3 -5.7 40.1 43.9 PBT Margin 10.6% 18
Slide 20: KPDL Project Portfolio – 30.09.22
KPDL Project Portfolio – 30.09.22 Gross Details (including partner’s share) Gross Details (including partner’s share) Ongoing & Under Under Projects KPDL Share Land Bank Projects KPDL Share Ongoing & Unsold Land Bank Unsold Approval Approval Giga 100% 0.07 0.69 - Vaayu 100% 0.06 - - Verve 100% 0.09
Slide 21: Business Outlook
Business Outlook Sector consolidation Diversifying geographical presence Efficient capital deployment First round of consolidation resulted from 10 society redevelopment projects in Mumbai - Continue to evaluate strategic and financial implementation of RERA and GST benefiting 2 completed, 3 n
Slide 22: Small to mid sized journey completed. Mid to large sized journey begins
Small to mid sized journey completed. Mid to large sized journey begins This is where we are This is where we wish to go Amongst India’s top five real Leading real estate brand in Pune estate players Double our sales while ~27% sales value from Mumbai R maintaining profitability and Bengaluru in H1
Slide 23: Awards and Recognitions
Awards and Recognitions KPDL RECEIVED 60+ AWARDS IN THE LAST FIVE YEARS KPDL Awards Project Awards Trusted Brand of the Year, Residential Property India – Times Realty, 2021-22 Brand of the Year, Economic 24K Stargaze By Kolte Patil Innovative marketing Developers Limited, Asia campaign of the year
Slide 24: About Kolte-Patil Developers Ltd.
About Kolte-Patil Developers Ltd. Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and growing presence in Mumbai and Bengaluru. Kolte-Patil is a trusted name with a reputat
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