Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q1 FY2020 Earnings Presentation
33 slides from Godrej Properties's earnings presentation, Aug 8, 2019
Slide 1: Cover letter to stock exchanges
August 8, 2019 BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai — 400 001 National Stock Exchange of India Limited Exchange Plaza, Plot No. C/I, G Block, Bandra Kurla Complex, Bandra (East) Mumbai — 400 051 Ref: Godrej Properties Limited BSE - Script Code: 533150, Scrip ID - GODREJPRP BSE
Slide 2: Results Presentation First Quarter FY2020
RESULTS PRESENTATION FIRST QUARTER, FINANCIAL YEAR 2020 Pg | PROPERTIES
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this cormmunication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operatio
Slide 4: Agenda
AGENDA Overview O1 Q1 FY20 Operational Highlights 02 Q1 FY20 Financial Highlights 03 Annexure 04 2 | GODREJ PROPERTIES I RESULTS PRESENTATION Q1 FY20
Slide 5: Godrej Group
GODREJ GROUP * Established in 1897 Value Creation Track Record * $5 bn in annual revenue Particulars | 48 year CAGR in 21 invested in stock price June 2001 is now worth * 1.1 billion people globally use a Godrej product’ 5 BSE Sensex 15%. 12 © Godrej ranks amongst the most trusted Indian brands” * $
Slide 6: Godrej Properties
GODREJ PROPERTIES Established in 1990 * India’s largest publicly listed developer by booking value over the past five years e Successfully delivered over 20 million sq. ft. of real estate in the past five years * ~175 million sq. ft. of developable area across India ¢ Differentiated asset-light busi
Slide 7: Strengths
STRENGTHS * 4.1 billion people globally use a Godrej product’ Godrej Brand e Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Repart * GPL brings the Godrej brand's reputation for trust, quality and corporate governance to the real | estate sector ive . , aoe e
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL’s IPO would be worth ~ 8x an identical investment into the BSE Realty Index Value Creation Track Record f | Particulars 8 year 6 an in Nanuary 2010 is now worth BSE Sensex 8.9% 2.24 Godrej Properties 16.8% 4.36 BSE Realty Index -5.8% 0.57 oie A calculated tor
Slide 9: Agenda
AGENDA Overview 01 Q1 FY20 Operational Highlights 02 Q1 FY20 Financial Highlights 03 Annexure 04 8 | GODREJ PROPERTIES 1 RESULTS PRESENTATION Q1 FY20_
Slide 10: Q1 FY20 Operational Highlights
Qi FY20 OPERATIONAL HIGHLIGHTS ¢ Raised INR 2,100 crore through QIP * Total booking value stood at INR 897 crore * Launched 3 new projects/phases « Added the iconic RK Studios project with saleable area of ~0.35 million sq. ft. in Q1 FY20 * Delivered ~ 1.4 million sq. ft. across 2 cities in Qi FY20
Slide 11: Capital Raising
CAPITAL RAISING Raised INR 2,100 crore through QIP ¢ Ailotted 2,26,29,310 equity shares of INR 5 each to Qualified Institutional Buyers for INR 928/share * Demonstrates GPU's ability to successfully raise capital in tough macro economic environment * Equity raise was specifically timed to take advan
Slide 12: Sales Highlights
SALES HIGHLIGHTS Particulars Q1 FY20 Q1 FY19 Growth Q4 FY19 Growth FY19 Area Sold” (sq. ft.) 1,349,271 1,169,503 15% 3,718,690 64% 8,759,410 Booking Value** (INR Cr) 897 820 8% 2,161 -58% 5,316 ‘Includes : “Includes - 1.882 sq, ft. of JVP area in O7 FY20 8 19,271 sq, tt. of SVP area in O1 FY19 & (2,
Slide 13: Project Booking
PROJECT BOOKING Particulars / Booking Area (sa. ft.) Booking Value (INR Cr) " Residential Projects Qt FY20 . Qi ry20 Godrej Palm Retreat, NCR’ 226,989 130 Godrej Reflections, Bangalore ~ 181,813 44g a : Godrej Gentral Park, Pune —_ _ - 166,566 _ ~— - - | Godrej Emerald, Mumbai oo : 78,792 —_—_— os ~
Slide 14: Business Development
BUSINESS DEVELOPMENT Added 1 new project with saleable area of ~0.35 million sq. ft. in Q1 FY20 RK Studios - Chembur, Mumbai * Spread across 2.2 acres, this project will offer ~0.35 million sq. ft. of saleable area comprising modern residential apartments of various configurations as well as a luxur
Slide 15: Launch Tracker FY20
LAUNCH TRACKER FY20 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New project launches planned in FY20 New phase launches planned in FY20 Project City Status Launch Project City Status Launeh Godrej Palm Retreat NCR a 0.9
Slide 16: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered 1.4 million sq. ft. across two cities Godrej Infinity, Pune The Trees Phase - 2, Vikhroli 1.1 million sq. ft. 0.28 million sq. ft. 45 | GODREJ PROPERTIES | RESULTS PRESENTATION Qt FY20
Slide 17: Agenda
AG ENDA Overview 01 Q1 FY20 Operational Highlights 02 Q1 FY20 Financial Highlights 03 Annexure 04 146 | GODREJ PROPERTIES | RESULTS PRESENTATION O1 FY20
Slide 18: Consolidated Financial Statements - P&L
CONSOLIDATED FINANCIAL STATEMENTS - P & L . _ (NRO) : Particulars Q1 FY2020 Q1 FY2019 % Change Q4 FY2019 % Change FY2019 roa Income 708 1,055 i ~33% 1200 i - an _ 3,236 | Adjusted EBITDA* 258 280 -8% 438 -41% 1,003 i EBITDA™ 125. ‘ 56% 314 : -88% 597 | Profit before tax 140 - 6s - j - 120% 245 - 43%
Slide 19: Consolidated Financial Statements - Cashflow
CONSOLIDATED FINANCIAL STATEMENTS — CASHFLOW (A+B+C+D+E) (Increase}/Decrease in Net Debt under ind AS (INR Ce} Notes Particulars Qt FY20 Operating cashflow Total operating cash inflow 885 A Operating cash outflow Consiruction and related outflow {459} Other project related outflow (404) Total operat
Slide 20: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS — BS UNF Or | Sr.No Particulars As on 30.06.2019 As on 31.03.2019 Assets Unaudited Audited 1 “Non Current assets a Property, plant & equipment i 84.38 op Capital Work-in-Progress 103.47 c Investment Property 2.17 “d Goodwill 7 : 0.04 e {9 Investment in joint venture
Slide 21: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS ANRC) “Sr.No Particulars ~ ee As on 30.06.2019 | Ason3i.03.2019 “B_| Equity and Liabilities “Unaudited | —- Equity : tb ccs eoveneenneene eosin pgp Equity share capital Other equity Non-controliing interest 600,00 _ |__ Borrowings ee _ io _ Deferred tax kabilit
Slide 22: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators Particulars : Qt FY2020 : Q1 FY2019 i Q4 FY2019 FY2019 , Adjusted EBITDA / Total Income* i 36.4% ; 26.5% 36.5% | 31.0% EBITDA / Total income** 27.6% 11.9% 26.2% \ 18.4% PBT Margin % 7 / 19.8% 6.0% | 20.5% — 10.8% Net Profit Margin %* 12.7% 3.3% 13.4% 7.8%
Slide 23: Agenda
AGENDA Overview 01 Q1 FY20 Operational Highlights 02 Q1 FY20 Financial Highlights Annexure 9) 4 22 | GODREJ PROPERTIES | RESULTS PRESENTATION Q1 FY20
Slide 24: A. Residential Projects
A. RESIDENTIAL PROJECTS ; i Est. Saleable Ind AS ir S.No Project Name Location Asset Class Area (mn sq. ft.) | Classification Business Model Status Phase | to IV: Area Based — 73.6% 1 Godre} Garden City” Ahmedabad Residential 14.80 Own Phase V : Revenue Based — 67.6% Ongoing Phase VI onwards - 17% o
Slide 25: A. Residential Projects
A. RESIDENTIAL PROJECTS 7 Est. Saleable Ind AS is S.No. Project Name Location Asset Class Area (mn sq. ft} | Classification Business Modet Status Area Based ~ 70% {for 12.57 acres), 18 | Godrej Palm Grove Chennai Residential 1.93 Own 68% for 4.82 acres) Ongoing 19 | Godrej Azure Chennai Residential
Slide 26: A. Residential Projects
A. RESIDENTIAL PROJECTS q . Est. Saleable Ind AS i . Pi nen S.No roject Name Location Asset Class Area (mn sa. ft.) | Classification Business Model Status 33 | Godrej Emerald Mumbai Residential 1.35 WV Revenue Based ~ 64% (GPL holds 20% Ongoing equity in the project specific company} 34 | Godrej Par
Slide 27: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name Location Asset Class ast alee ta tas ion Business Model Status 4g | Vashi Mumbai Residential 0.50 Jv Profit Sharing - 50% Forthcoming 50. | Kavesar, Thane Mumbai Residential 07 WV Speatie company ny 7 the Prciect Forthcoming 51 | AK Studios Mumbai Mixed Use
Slide 28: B. Commercial Projects
B. COMMERCIAL PROJECTS . ‘ Est. Saleable Ind AS i S.No Project Name Location Asset Class. Area (mn sa. ft) | Classification Business Model Status , Phase | to IV; Area Based - 73.6% 1 | Godrej Garden City" | Ahmedabad Residential 2.40 Own Phase V : Revenue Based ~ 67.8% Ongoing Phase VI onwards - 17
Slide 29: Thank You
THANK YOU For further information, please contact: Rajendra Khetawat Godrej Properties Limited Tel: +91 22 6169 8500 Fax: +91 22 6169 8888 Email: rajendra@godrejproperties.com
Slide 30: Press Release: Q1 FY20 Results
* | PROPERTIES GODREJ PROPERTIES LIMITED CIN : L74120MH1985PL.C035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai - 400079 PRESS RELEASE Qt FY20 Results e Net profit increased by 162% to INR 90 crore e Raised INR 2,100 crore th
Slide 31: Press Release: Sales, Business Development, Construction
ca vA | PROPERTIES Sales Highlights * Q1 FY20 witnessed total booking value of INR 897 crore and total booking volume of 1.35 million sq. ft. as compared to total booking value of INR 820 crore and total booking volume of 1.17 million sq. ft. in Q1 FY19. Business Development Added 1 new project with
Slide 32: Financial Overview (Consolidated)
vA | PROPERTIES a Financial Overview (Consolidated) Q1 FY2020 performance overview compared with Q1 FY2019 * Total Income decreased by 33% to INR 708 crore * EBITDA increased by 56% to INR 195 crore e Net profit increased by 162% to INR 90 crore e EPS* amounted to INR 3.91 as compared to INR 1.56 *n
Slide 33: About Godrej Properties Limited
g vA | PROPERTIES About Godrej Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 122-year legacy of excellence and trust with a commitment to cutting-edge d