Embassy Developments Limited · NSE:EMBDL
Embassy Developments — Indiabulls Real Estate — Q2 FY2019 Earnings Presentation
41 slides from Embassy Developments's earnings presentation, Oct 24, 2018
Slide 1: Indiabulls Real Estate Limited Investor Presentation
Indiabulls Real Estate Limited Investor Presentation 24th October, 2018
Slide 2: Key Financial Highlights: Q2 FY 18-19
Financial Performance Key Financial Highlights: Q2 FY 18-19 IBREL Consolidated Q2 FY 18-19 Q2 FY 17-18 Revenue from Operations (₹ Cr) 1,040.4 470.8 Other Income (₹ Cr) 19.3 104.8 Total Revenues (₹ Cr) 1,059.7 575.6 PAT after minority interest (₹ Cr) 75.9 61.6 EPS (₹) 1.68 1.30 Previous periods have
Slide 3: Business Updates
Business Updates • Mumbai DCR, notified on 21st September has increased Blu Estate & Club potential to 2.64 Mn sq. ft. • Blu Estate & Club – 2 Towers have received Occupation Certificate & handover to Customers is underway. In addition, Company has applied for completion of another Tower, which will
Slide 4: Portfolio Summary
Portfolio Summary Indiabulls Real Estate Limited 100% 100% 50% Development Portfolio JV Portfolio with Blackstone Office Rental Portfolio (Associate Company) Area Sales Area Annuity Area Annuity (Mn. sq. Value (Mn. sq. Revenue Rental (Mn. sq. Revenue ft.) (₹ Cr) ft.) (₹ Cr) ft.) (₹ Cr) Under constru
Slide 5: Summary of Value of Different Parts of IBREL
Summary of Value of Different Parts of IBREL • Equity Value of Development Portfolio (refer to slide 21) – ₹ 17,134 Cr • Equity Value of Owned Office Rental Portfolio* (refer to slides 22 to 29) – ₹ 5,908 Cr • Equity Value of 50% in JV Portfolio with Blackstone# (refer to slides 30 to 34) – ₹ 2,250
Slide 6: Growth Potential
Growth Potential • Rental Portfolio: o Regular sales from the portfolio of owned & completed office properties to the Rental platform with/of Investors, and deploy funds to acquire assets at a discount to their replacement costs. o Enhance Annuity Revenue by leveraging the 200+ marquee Tenant relati
Slide 7: Development Portfolio
Indiabulls REAL ESTATE Development Portfolio
Slide 8: Blu Estate & Club, Worli
Blu Estate & Club, Worli Location Worli, Mumbai Area (Mn. Sq. Ft) 1.91 Total Sales Value (₹ Cr) 8,365 % Area Sold 66.5% Pending Collection from Area Sold (₹ Cr) 1,901 Pending Construction Cost (₹ Cr) 838 Net Surplus (₹ Cr) 4,264 Actual image Project location Actual image 8
Slide 9: Indiabulls Greens, Panvel
Indiabulls Greens, Panvel Location Panvel, Navi Mumbai Area (Mn. Sq. Ft) 8.73 Total Sales Value (₹ Cr) 4,455 % Area Sold 84.8% Pending Collection from Area Sold (₹ Cr) 1,591 Pending Construction Cost (₹ Cr) 828 Net Surplus (₹ Cr) 1,758 Actual image Project location McDonalds Kalamboli Circle MGM Hos
Slide 10: Indiabulls Golf City, Savroli
Indiabulls Golf City, Savroli Location Savroli, Navi Mumbai Area (Mn. Sq. Ft) 5.39 Total Sales Value (₹ Cr) 3,226 % Area Sold 15.4% Pending Collection from Area Sold (₹ Cr) 244 Pending Construction Cost (₹ Cr) 1,003 Net Surplus (₹ Cr) 1,978 Actual image Project location NAVI MUMBAI INTERNATIONAL GOL
Slide 11: Centrum Park, Gurgaon
Centrum Park, Gurgaon Location Gurgaon (Sector 103) Area (Mn. Sq. Ft) 2.16 Total Sales Value (₹ Cr) 890 % Area Sold 81.5% Pending Collection from Area Sold (₹ Cr) 73 Pending Construction Cost (₹ Cr) 12 Net Surplus (₹ Cr) 281 Project location Actual image Actual image 11
Slide 12: Enigma, Gurgaon
Enigma, Gurgaon Location Gurgaon (Sector 110) Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 1,126 % Area Sold 88.1% Pending Collection from Area Sold (₹ Cr) 99 Pending Construction Cost (₹ Cr) 20 Net Surplus (₹ Cr) 241 Actual image Project location Actual image 12
Slide 13: One Indiabulls, Gurgaon
One Indiabulls, Gurgaon Location Gurgaon (Sector 104) Area (Mn. Sq. Ft) 4.68 Total Sales Value (₹ Cr) 3,667 % Area Sold 6.0% Pending Collection from Area Sold (₹ Cr) 130 Pending Construction Cost (₹ Cr) 1,256 Net Surplus (₹ Cr) 2,395 CGI Project location CGI 13
Slide 14: Indiabulls City, Sonepat
Indiabulls City, Sonepat Location Sonepat Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 258 % Area Sold 54.0% Pending Collection from Area Sold (₹ Cr) 22 Pending Construction Cost (₹ Cr) 28 Net Surplus (₹ Cr) 129 Actual image Project location CGI 14
Slide 15: One Indiabulls, Vadodara
One Indiabulls, Vadodara Location Vadodara Area (mn. Sq. Ft) 0.23 Total Sales Value (₹ Cr) 84 % Area Sold 17.4% Pending Collection from Area Sold (₹ Cr) 11 Pending Construction Cost (₹ Cr) 5 Net Surplus (₹ Cr) 73 Actual image Project location CGI 15
Slide 16: Indiabulls One 09, Gurgaon
Indiabulls One 09, Gurgaon Location Gurgaon (Sector 109) Area (Mn. Sq. Ft) 1.10 Total Sales Value (₹ Cr) 852 % Area Sold 28.2% Pending Collection from Area Sold (₹ Cr) 150 Pending Construction Cost (₹ Cr) 261 Net Surplus (₹ Cr) 523 Actual image Project location CGI 16
Slide 17: Mega Mall, Jodhpur
Mega Mall, Jodhpur Location Jodhpur Area (Mn. Sq. Ft) 0.65 Total Sales Value (₹ Cr) 359 % Area Sold 38.5% Pending Collection from Area Sold (₹ Cr) 66 Pending Construction Cost (₹ Cr) 69 Net Surplus (₹ Cr) 235 Actual image Project location CGI 17
Slide 18: Indiabulls Seirra, Vizag
Indiabulls Seirra, Vizag Location Vishakhapatnam Area (Mn. Sq. Ft) 0.84 Total Sales Value (₹ Cr) 267 % Area Sold 88.1% Pending Collection from Area Sold (₹ Cr) 89 Pending Construction Cost (₹ Cr) 106 Net Surplus (₹ Cr) 16 Actual image Project location CGI 18
Slide 19: One Indiabulls Thane
One Indiabulls Thane Location Thane Area (Mn. Sq. Ft) 1.40 Total Sales Value (₹ Cr) 1,605 % Area Sold 23.6% Pending Collection from Area Sold (₹ Cr) 288 Pending Construction Cost (₹ Cr) 485 Net Surplus (₹ Cr) 1,092 Project location CGI 19
Slide 20: Hanover Bond, London
Hanover Bond, London Location London Area (Mn. Sq. Ft) 0.14 Total Sales Value (₹ Cr) 5,510 % Area Sold 12.5% Pending Collection from Area Sold (₹ Cr) 501 Pending Construction Cost (₹ Cr) 1,361 Net Surplus (₹ Cr) 4,149 Actual image Project location CGI Exchange rate considered £1 = ₹ 94.91 20
Slide 21: Development Portfolio – Net Surplus
Development Portfolio – Net Surplus Net Surplus Project Location (₹ Cr) Blu Estate & Club, Worli Mumbai 4,264 Indiabulls Greens, Panvel Mumbai 1,758 Indiabulls Golf City, Savroli Mumbai 1,978 Centrum Park, Gurgaon NCR 281 Enigma, Gurgaon NCR 241 One Indiabulls, Gurgaon NCR 2,395 Indiabulls City, Son
Slide 22: Owned Office Portfolio
Indiabulls REAL ESTATE Owned Office Portfolio
Slide 23: Owned Office Portfolio – Completed
Owned Office Portfolio – Completed One Indiabulls Park, Chennai Location Chennai Area (Mn. Sq. Ft) 1.90 Annuity Revenue (₹ Cr) 85 Project location Actual image Note: Company has divested the non-core asset on 6th July 2018. Actual image 23 Company has 69 % Equity stake in the Chennai Asset valued at
Slide 24: Owned Office Portfolio – Completed
Owned Office Portfolio – Completed Indiabulls Tech Park, Gurgaon Plot 422 Location Gurgaon (Sector 18) Area (Mn. Sq. Ft) 0.24 Annuity Revenue (₹ Cr) 24 Pending Construction Cost (₹ Cr) - Expected in 2019 Project location Actual image Actual image 24
Slide 25: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 18, Udyog Vihar, Gurgaon Plot 20 Location Gurgaon (Sector 18) Area (Mn. Sq. Ft) 0.54 Annuity Revenue (₹ Cr) 79 Pending Construction Cost (₹ Cr) 196 Expected in 2020 Project location CGI 25
Slide 26: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Indiabulls Mint, Gurgaon Location Gurgaon (Sector 104) Area (Mn. Sq. Ft) 0.40 Annuity Revenue (₹ Cr) 42 Pending Construction Cost (₹ Cr) 74 Expected in 2020 Project location Actual Image CGI 26
Slide 27: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 106, Gurgaon Location Gurgaon (Sector 106) Area (Mn. Sq. Ft) 1.16 Annuity Revenue (₹ Cr) 123 Pending Construction Cost (₹ Cr) 474 Expected in 2021 Project location CGI 27
Slide 28: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Commercial Development at Blu Location Worli, Mumbai Area (Mn. Sq. Ft) 0.73 Annuity Revenue (₹ Cr) 266 Pending Construction Cost (₹ Cr) 666 Expected in 2022 Project location CGI 28
Slide 29: Owned Office Portfolio – Annuity Revenue Summary
Owned Office Portfolio – Annuity Revenue Summary • Company has 69% Equity stake in Chennai Asset valued at ₹ 590 crores. • Balance Projects – Annualised Total Annuity Revenue expected in * Annuity Revenue (₹ Cr) FY 2018-19 24 FY 2019-20 146 FY 2020-21 269 FY 2021-22 538 Note: Company has divested th
Slide 30: JV Portfolio with Blackstone (Associate Company)
JV Portfolio with Blackstone (Associate Company) 30
Slide 31: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned One Indiabulls Centre, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.67 Annuity Revenue (₹ Cr) 360 Actual image Actual image 31
Slide 32: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned Indiabulls Finance Centre, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.67 Annuity Revenue (₹ Cr) 322 Actual image Actual image 32
Slide 33: JV Portfolio – Under Construction
JV Portfolio – Under Construction Indiabulls Finance Centre – New Tower, Mumbai Location Mumbai Area (Mn. Sq. Ft) 0.82 Annuity Revenue (₹ Cr) 172 Pending Construction Cost (₹ Cr) 345 Expected in 2020 Project location Actual image CGI 33
Slide 34: JV Portfolio – Under Construction
JV Portfolio – Under Construction Sky Forest, Residential Development, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.63 Total Sales Value (₹ Cr) 3,838 % Area Sold 65.0% Pending Collection from Area Sold (₹ Cr) 610 Pending Construction Cost (₹ Cr) 608 Net Surplus (₹ Cr) 1,424 Project location Actual ima
Slide 35: Detailed Financials
Indiabulls REAL ESTATE Detailed Financials 35
Slide 36: Consolidated Income Statement
Consolidated Income Statement Amount in ₹ Crore Year to date Year to date Corresponding 3 figures for 3 months ended Preceding 3 figures for Previous year months ended current period Particulars 30 September months ended period ended ended 30 September ended 2018 30 June 2018 30 September 31 March 2
Slide 37: Consolidated Balance Sheet
Consolidated Balance Sheet Balance Sheet as on 30 September 2018 (Consolidated - Unaudited) Amount in ₹ Crore As on September As on March 31, 30, 2018 2018 Unaudited Audited IND AS 115 IND AS 115 ASSETS Non-current assets (a) Property, plant and equipment 56.31 60.32 (b) Capital work-in-progress 911
Slide 38: Consolidated Balance Sheet (Contd.)
Consolidated Balance Sheet (Contd.) Balance Sheet as on 30 September 2018 (Consolidated - Unaudited) Amount in ₹ Crore As on September As on March 31, 30, 2018 2018 Unaudited Audited IND AS 115 IND AS 115 EQUITY AND LIABILITIES Equity (a) Equity share capital 90.14 94.93 (b) Instruments entirely in
Slide 39: Corporate Social Responsibility
Corporate Social Responsibility 39
Slide 40: Indiabulls Foundation: Corporate Social Responsibility
Indiabulls Foundation: Corporate Social Responsibility Best Overall Excellence in CSR award at National Awards for Excellence in CSR & Sustainability 2016 Health Free Mobile Medical Vans Transforming Mokhada, Shahapur & Transforming - Free primary healthcare facility provided at Trimbakeshwar: doors
Slide 41: Thank you
Thank you This document contains certain forward‐looking statements based on current expectations of Indiabulls Real Estate Ltd.'s (CIN: L45101DL2006PLC148314) management. Actual results may vary significantly from the forward‐looking statements in this document due to various risks and uncertaintie
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