Embassy Developments Limited · NSE:EMBDL
Embassy Developments — Indiabulls Real Estate — Q3 FY2019 Earnings Presentation
40 slides from Embassy Developments's earnings presentation, Feb 14, 2019
Slide 1: Indiabulls Real Estate Limited Investor Presentation
Indiabulls Real Estate Limited Investor Presentation 14th February, 2019
Slide 2: Key Financial Highlights: Q3 FY 18-19
Financial Performance Key Financial Highlights: Q3 FY 18-19 IBREL Consolidated Q3 FY 18-19 Q3 FY 17-18 Revenue from Operations (₹ Cr) 1271.1 242.1 Other Income (₹ Cr) 16.5 64.3 Total Revenues (₹ Cr) 1287.6 306.4 PAT after minority interest (₹ Cr) 202.5 6.0 EPS (₹) 4.49 0.13 Previous periods have bee
Slide 3: Business Updates
Business Updates • Blu Estate & Club – 3rd tower has received Occupation Certificate. Handover to Customers is underway, which will further lead to significant collections. • IBREL has divested up to 50% stake in two office assets in Udyog Vihar, Gurugram (aggregating 784,000 sq ft leasable office s
Slide 4: Portfolio Summary
Portfolio Summary Indiabulls Real Estate Limited 100% 100% 50% Development Portfolio Office Rental Portfolio JV Portfolio with Blackstone (Associate Company) Area Sales Area Annuity Area Annuity (Mn. sq. Value (Mn. sq. Revenue Rental (Mn. sq. Revenue ft.) (₹ Cr) ft.) (₹ Cr) ft.) (₹ Cr) Completed 1.7
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 22) – ₹ 16,961 Cr • Equity Value of Owned Office Rental Portfolio (refer to slides 23 to 28) – ₹ 4,829 Cr • Equity Value of 50% in JV Portfolio with Blackstone# (refer to slides 29 to 35) – ₹ 2,420 C
Slide 6: Infrastructure Upgrades
Infrastructure Upgrades • Worli Commercial Towers – Abutting the proposed Acharya Atre Station (Colaba- Seepz Metro corridor) • Indiabulls Finance Centre, New Tower – Abutting the Western & Central Railway Stations • Gurgaon Projects – located on NH8 and Dwarka Expressway (awarded National Highway S
Slide 7: 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 8: Development Portfolio
Indiabulls REAL ESTATE Development Portfolio
Slide 9: Blu Estate & Club, Worli
Blu Estate & Club, Worli Location Worli, Mumbai Area (Mn. Sq. Ft) 1.91 Total Sales Value (₹ Cr) 8,351 Pending Collection from Area Sold (₹ Cr) 1,900 Net Surplus (₹ Cr) 4,302 Actual image Project location Actual image 9
Slide 10: Indiabulls Greens, Panvel
Indiabulls Greens, Panvel Location Panvel, Navi Mumbai Area (Mn. Sq. Ft) 8.73 Total Sales Value (₹ Cr) 4,442 Pending Collection from Area Sold (₹ Cr) 1,605 Net Surplus (₹ Cr) 1,703 Actual image Project location McDonalds Kalamboli Circle MGM Hospital Klamboli Khandeswar Railway Railway Station Stati
Slide 11: Indiabulls Golf City, Savroli
Indiabulls Golf City, Savroli Location Savroli, Navi Mumbai Area (Mn. Sq. Ft) 5.39 Total Sales Value (₹ Cr) 3,223 Pending Collection from Area Sold (₹ Cr) 226 Net Surplus (₹ Cr) 1,980 Actual image Project location NAVI MUMBAI INTERNATIONAL GOLF CITY AIRPORT MUMBAI GREENS PANVEL KHALAPUR LONAVALA TOL
Slide 12: Enigma, Gurgaon
Enigma, Gurgaon Location Gurgaon (Sector 110) Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 1,117 Pending Collection from Area Sold (₹ Cr) 157 Net Surplus (₹ Cr) 278 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) 3,653 Pending Collection from Area Sold (₹ Cr) 161 Net Surplus (₹ Cr) 2,379 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) 257 Pending Collection from Area Sold (₹ Cr) 27 Net Surplus (₹ Cr) 126 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) 83 Pending Collection from Area Sold (₹ Cr) 11 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) 842 Pending Collection from Area Sold (₹ Cr) 178 Net Surplus (₹ Cr) 518 Actual image Project location CGI 16
Slide 17: Indiabulls Seirra, Vizag
Indiabulls Seirra, Vizag Location Vishakhapatnam Area (Mn. Sq. Ft) 0.84 Total Sales Value (₹ Cr) 267 Pending Collection from Area Sold (₹ Cr) 83 Net Surplus (₹ Cr) 15 Actual image Project location CGI 17
Slide 18: One Indiabulls Thane
One Indiabulls Thane Location Thane Area (Mn. Sq. Ft) 1.40 Total Sales Value (₹ Cr) 1,604 Pending Collection from Area Sold (₹ Cr) 293 Net Surplus (₹ Cr) 1,091 Actual image Project location CGI 18
Slide 19: Hanover Bond, London
Hanover Bond, London Location London Area (Mn. Sq. Ft) 0.14 Total Sales Value (₹ Cr) 5,142 Pending Collection from Area Sold (₹ Cr) 468 Net Surplus (₹ Cr) 3,909 Actual image Project location CGI Exchange rate considered £1 = ₹ 88.55 19
Slide 20: Centrum Park, Gurgaon - Completed
Centrum Park, Gurgaon - Completed Location Gurgaon (Sector 103) Area (Mn. Sq. Ft) 2.16 Total Sales Value (₹ Cr) 889 Pending Collection from Area Sold (₹ Cr) 58 Net Surplus (₹ Cr) 283 Actual image Project location Actual image 20
Slide 21: Mega Mall, Jodhpur - Completed
Mega Mall, Jodhpur - Completed Location Jodhpur Area (Mn. Sq. Ft) 0.65 Total Sales Value (₹ Cr) 359 Pending Collection from Area Sold (₹ Cr) 66 Net Surplus (₹ Cr) 304 Actual image Project location Actual Image 21
Slide 22: Development Portfolio – Net Surplus
Development Portfolio – Net Surplus Net Surplus Project Location (₹ Cr) Ongoing Projects Blu Estate & Club, Worli Mumbai 4,302 Indiabulls Greens, Panvel Mumbai 1,703 Indiabulls Golf City, Savroli Mumbai 1,980 Enigma, Gurgaon NCR 278 One Indiabulls, Gurgaon NCR 2,379 Indiabulls City, Sonepat NCR 126
Slide 23: Owned Office Portfolio
Indiabulls REAL ESTATE Owned Office Portfolio
Slide 24: 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 24 Company has 69 % Equity stake in the Chennai Asset valued at
Slide 25: 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) 43 Expected in 2020 Project location Actual Image CGI 25
Slide 26: 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) 124 Expected in 2021 Project location CGI 26
Slide 27: 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) 269 Expected in 2022 Project location CGI 27
Slide 28: 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 2019-20 43 FY 2020-21 167 FY 2021-22 436 Note: Company has divested the Chennai non-cor
Slide 29: JV Portfolio with Blackstone (Associate Company)
JV Portfolio with Blackstone (Associate Company) 29
Slide 30: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned One Indiabulls Centre, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.67 Annuity Revenue (₹ Cr) 365 Actual image Actual image 30
Slide 31: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned Indiabulls Finance Centre, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.67 Annuity Revenue (₹ Cr) 323 Actual image Actual image 31
Slide 32: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned Indiabulls Tech Park, Gurgaon Plot 422 Location Gurgaon (Sector 18) Area (Mn. Sq. Ft) 0.24 Annuity Revenue (₹ Cr) 24 Actual image 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) 174 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 Pending Collection from Area Sold (₹ Cr) 610 Net Surplus (₹ Cr) 1,546 Project location Actual image 34
Slide 35: JV Portfolio – Under Construction
JV Portfolio – Under Construction Indiabulls IT Park, Gurgaon Plot 20 Location Gurgaon (Sector 18) Area (Mn. Sq. Ft) 0.54 Annuity Revenue (₹ Cr) 80 Expected in 2020 Actual image Project location CGI 35
Slide 36: Consolidated Income Statement
Consolidated Income Statement 36
Slide 37: Consolidated Income Statement
Consolidated Income Statement Amount in ₹ Crore Year to date Year to date Preceding 3 Corresponding 3 figures for figures for 3 months ended Previous year months ended months ended current period previous period Particulars 31 December ended 30 September 31 December ended ended 2018 31 March 2018 20
Slide 38: Corporate Social Responsibility
Corporate Social Responsibility 38
Slide 39: Indiabulls Foundation: Corporate Social Responsibility
Indiabulls Foundation: Corporate Social Responsibility Health Free Mobile Medical Vans Transforming Mokhada, Shahapur Transforming Talukas - Free primary healthcare facility provided at & Trimbakeshwar doorsteps for the underprivileged - Medical vans, clinics, health camps, nutrition - 6 vans added
Slide 40: 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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