Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2017 Earnings Presentation
44 slides from Oberoi Realty's earnings presentation, Jan 25, 2017
Slide 1: Result Update Q3FY17
Oberoi Realty Limited Result Update Q3FY17 January 25, 2017
Slide 2: Key Developments
Key Developments • Residential bookings during the quarter of ~Rs.267.45 Crores • Oberoi Mall occupancy restored to over ~99% with commencement of operations by Zara Awards for the Quarter • Oberoi Realty Ranked No.1 in 'Best for Disclosure & Transparency' and 'Best for Investor Relations‘ in Corpor
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 2
Slide 4: Key Ind AS Standards having implications for Oberoi Realty
Key Ind AS Standards having implications for Oberoi Realty Ind AS Implications Ind AS 10-Events after the Reporting Liability for proposed dividend to be recognized in the period when the Period dividends are approved by the shareholders in the AGM. Ind AS 12-Income Taxes Deferred taxes to be recogn
Slide 5: Balance Sheet Summary IGAAP vs Ind AS
Financial Update Investment Properties Development Properties Amount in Rs Lakh IGAAP IND AS Adjustment IND AS Particulars 9MFY17 9MFY16 9MFY17 9MFY16 9MFY17 9MFY16 Non-current assets 2,38,188 2,17,197 40,018 31,148 2,78,206 2,48,345 Current assets 6,15,167 5,45,493 (67,831) (52,840) 5,47,337 4,92,6
Slide 6: Cash Flow and Cash Balance
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Opening Cash and Cash Equivalents 29,810 45,143 50,503 38,628 37,947 Operating Cash Flows 13,048 792 (6,192) 9,365 24,424 Investing Cash Flows (8,476) (5,748) (6,390) (50,45
Slide 7: Assets Detail IGAAP vs Ind AS
Financial Update Investment Properties Development Properties Amount in Rs Lakh IGAAP IND AS Adjustment IND AS Particulars 9MFY17 9MFY16 9MFY17 9MFY16 9MFY17 9MFY16 Non-current assets Fixed assets (including CWIP) 1,30,774 1,28,569 (27,100) (27,067) 1,03,674 1,01,502 Financial assets 77,266 58,505 7
Slide 8: Liabilities Detail IGAAP vs Ind AS
Financial Update Investment Properties Development Properties Amount in Rs Lakh IGAAP IND AS Adjustment IND AS Particulars 9MFY17 9MFY16 9MFY17 9MFY16 9MFY17 9MFY16 Non-current liabilities Financial liabilities i) Borrowings 78,466 46,912 (3,530) (11,984) 74,935 34,928 ii) Others 972 534 (393) 155 5
Slide 9: Consolidated Profit and Loss Ind AS
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) IND AS Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Revenue from Projects 15,535 16,574 69,172 55,396 92,179 Revenue from Hospitality 3,436 2,929 3,378 9,210 9,473 Revenue from Rent 5,049 4,642 4,562 14,2
Slide 10: Q3 P&L IGAAP vs Ind AS
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) IGAAP IND AS Adjustment IND AS Particulars Q3FY17 Q3FY16 Q3FY17 Q3FY16 Q3FY17 Q3FY16 Revenue from Projects 15,535 69,172 - - 15,535 69,172 Revenue from Hospitality 3,436 3,378 - - 3,436 3,378 Revenue from R
Slide 11: 9M P&L IGAAP vs Ind AS
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) IGAAP IND AS Adjustment IND AS Particulars 9MFY17 9MFY16 9MFY17 9MFY16 9MFY17 9MFY16 Revenue from Projects 55,396 92,179 - - 55,396 92,179 Revenue from Hospitality 9,210 9,473 - - 9,210 9,473 Revenue from R
Slide 12: Net Profit Reconciliation IGAAP to Ind AS
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q3FY16 9MFY16 Net Profit under IGAAP 20,935 36,136 Adjustment Impact due to fair valuation of Lease deposit accepted (Ind AS 109) (5) (19) Impact due to straight lining of lease rentals (Ind AS
Slide 13: Key Financial Ratios
Financial Update Investment Properties Development Properties Particulars 9MFY17 9MFY16 EBITDA Margin (Including Non Operating 52.83% 49.37% Income/ Total Revenue) EBITDA Margin (Excluding Non Operating 50.79% 48.02% Income/ Total Operating Income) PAT Margin 32.01% 30.19% RONW# 6.74% 9.73% ROCE# 6.
Slide 14: Segment Results
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property Particulars Total Residential Rental Hospitality Management Services Q3FY17 50.06% 43.18% 92.11% 39.44% -19.40% Total Operating Revenues 25,216 15,721 5,058 3,457 979 EBITDA (Excluding Non Operating Income) 12,6
Slide 15: Share Price Performance vs Sensex and BSE Realty
Index 20.00 40.00 60.00 80.00 120.00 140.00 100.00 160.00 20-Oct-10 17-Dec-10 13-Feb-11 12-Apr-11 09-Jun-11 06-Aug-11 Financial Update 03-Oct-11 30-Nov-11 27-Jan-12 25-Mar-12 22-May-12 19-Jul-12 15-Sep-12 12-Nov-12 Sensex 09-Jan-13 08-Mar-13 For Oberoi Realty the issue price of Rs. 260/- is indexed
Slide 16: Shareholding Pattern
Financial Update Investment Properties Development Properties Category 31-Dec-16 30-Sep-16 30-Jun-16 31-Mar-16 31-Dec-15 Promoter and Promoter Group 72.53% 72.54% 72.54% 72.55% 72.56% Foreign Institutional Investors (FIIs) 25.35% 24.23% 22.07% 21.30% 21.31% Domestic Institutional Investors (Institut
Slide 17: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 725,769 sqft. 269 rooms GLA: 552,893 sqft. 16
Slide 18: Oberoi Mall Metrics
Financial Update Investment Properties Development Properties IND AS Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Operating Revenue (Rs. Lakh) 2,526 2,470 2,503 7,433 7,345 EBITDA (Rs. Lakh) 2,373 2,312 2,373 6,943 6,986 EBITDA Margin (%) 93.92% 93.63% 94.82% 93.40% 95.11% Occupancy (%) 99.89% 90.
Slide 19: Commerz Metrics
Financial Update Investment Properties Development Properties IND AS Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Operating Revenue (Rs. Lakh) 1,196 1,178 1,244 3,610 3,717 ** ** EBITDA (Rs. Lakh) 1,181 1,181 1,242 3,588 3,709 EBITDA Margin (%) 98.77% 100.29% 99.85% 99.38% 99.77% Occupancy (%) 88.
Slide 20: Commerz II Metrics
Financial Update Investment Properties Development Properties IND AS Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Operating Revenue (Rs. Lakh) 732 405 211 1,433 546 EBITDA (Rs. Lakh) 500 201 106 796 256 EBITDA Margin (%) 68.38% 49.61% 50.47% 55.55% 46.80% Occupancy (%) 29.89% 27.05% 7.05% 20.33% 7
Slide 21: Hospitality Metrics
Financial Update Investment Properties Development Properties Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Operating Revenue (Rs. Lakh) 3,457 2,950 3,399 9,275 9,538 EBITDA (Rs. Lakh) 1,364 849 1,108 3,050 3,041 EBITDA Margin (%) 39.44% 28.77% 32.59% 32.89% 31.88% Number of Rooms 269 269 269 269 2
Slide 22: Financial Update
Financial Update Investment Properties Development Properties 21
Slide 23: Residential Projects Summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Value Project Avg. Price for Residential Projects Est. Area Recognised till Till Date on Date till Date Completion Q3FY17 Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Seven 39
Slide 24: Residential Projects Q3FY17 Bookings
Financial Update Investment Properties Development Properties Amount Revenue Area Booked in Units Booked in Sales Value for Residential Projects Collected in Recognised in Q3FY17 Q3FY17 Q3FY17 Q3FY17 Q3FY17 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite 1,820 1 441 1,411 441 Esquire 28,01
Slide 25: Exquisite Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Date Estimated Total Area (sqft.) 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 15,47,610 Estimated Total Units (nos.) 802 802 802 802 802 802 Area Booked (sqft) 1,820 16,920
Slide 26: Exquisite Project Status
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2016 Project Status as on Dec 31, 2016 25
Slide 27: Financial Update
Financial Update Investment Properties Development Properties 26
Slide 28: Esquire Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 20,31,990 21,22,031 20,31,990 21,22,031 Estimated Total Units (nos.) 882 882 874 882 874 882 Area Booked (sqft) 28,016 25,10
Slide 29: Esquire Project Status
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2016 Amount spent in Q3FY17 : Rs.143.72 crore 28
Slide 30: Three Sixty West Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Date Estimated Area of Project (sqft.) 17,83,928 17,83,928 17,83,928 17,83,928 17,83,928 17,83,928 * * Area Booked (sqft) 28,686 68,288 9,562 1,52,294 19,124 2,95,724 *2 * Units
Slide 31: Three Sixty West Project Status
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2016 Project Status as on Sep 30, 2016 30
Slide 32: Prisma Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Date Estimated Total Area (sqft.) 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 2,68,750 Estimated Total Units (nos.) 91 91 91 91 91 91 Area Booked (sqft) 2,602 11,395 12,151 34,1
Slide 33: Prisma Project Status
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2016 Project status as on Sep 30, 2016 32
Slide 34: Artist Impression
Financial Update Investment Properties Development Properties Artist Impression 33
Slide 35: Eternia Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Date Estimated Area of Project (sqft.) 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 16,96,820 Estimated Total Units (nos.) 1,057 1,057 1,057 1,057 1,057 1,057 Area opened fo
Slide 36: Eternia Project Status
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2016 Project status as on Sep 30, 2016 35
Slide 37: Financial Update
Financial Update Investment Properties Development Properties 36
Slide 38: Enigma Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Date Estimated Area of Project (sqft.) 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 16,12,045 Estimated Total Units (nos.) 619 619 619 619 619 619 Area opened for booking (s
Slide 39: Enigma Project Status
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2016 Artist Impression 38
Slide 40: Sky City Project Status
Financial Update Investment Properties Development Properties Project status as on Dec 31, 2016 Project status as on Sep 30, 2016 Artist Impression 39
Slide 41: Sky City Project Metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q3FY17 Q2FY17 Q3FY16 9MFY17 9MFY16 Date Estimated Area of Project (sqft.) 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 39,92,754 Estimated Total Units (nos.) 2,357 2,357 2,357 2,357 2,357 2,357 Area opened fo
Slide 42: Investor Relations Contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Aditi Mittal Executive Assistant to Managing Director/Investor Relations aditi.mittal@oberoirealty.com Shital Shah Senior Manager – Investor Relations shital.shah@oberoirealty.com For any furthe
Slide 43: Notes
Notes 1. Indian Accounting Standards (IND AS) are applicable to the company for the period commencing on or after April 01, 2016. Thus the results for the quarter / nine months ended Dec 31, 2016 are as per IND AS and are subjected to Limited Review. The results for the quarter / nine months ended D
Slide 44: Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed t