Slide 1: Brigade Enterprises Limited - Investor Presentation FY18 filing letter
Brigade Enterprises Limited — Corporate Identity Number (CIN): L8510KA1995PLC019126 Registered Office : 29" & 30" Floors, World Trade Center ee Brigade Gateway Campus, 26/1, Dr. Rajkumar Road —_ Malleswaram - Rajajinagar, Bangalore - 560 055, India BRIGADE T 91 80 4137 9200 F 91 80 2221 0784 ; E enq
Slide 2: Brigade Group Investor Presentation FY18
Brigade Group Investor Presentation FY18 16th May 2018 (CIN: L85110KA1995PLC019126) 1
Slide 3: Business Highlights
BUSINESS HIGHLIGHTS Standalone Financial Highlights EBDITA for FY 18 is 5,041 Mn 3% increase over FY17 Rs. 4,900 Mn PBT for FY18 is 2,518 Mn 7% increase over FY17 Rs. 2,344 Mn PAT for FY18 is 1,805 Mn 9% increase over FY17 Rs. 1,653 Mn Consolidation Financial Highlights Revenue for FY18 is Rs.
Slide 4: Consolidated Financials Trend - Quarter
CONSOLIDATED FINANCIALS TREND ‐ QUARTER Turnover (Rs. Mn) EBITDA (Rs. Mn) 5,607 6,000 4,364 4,477 2,050 5,000 2,500 1,690 1,490 4,000 2,000 3,000 1,500 2,000 1,000 1,000 500 ‐ ‐ Q4 FY17 Q3 FY18 Q4 FY18 Q4 FY17 Q3 FY18 Q4 FY18 PBT Before Exceptional Items (Rs. Mn) PAT After MI & Before Exceptional It
Slide 5: Consolidated Financials Trend - Year
CONSOLIDATED FINANCIALS TREND ‐YEAR Turnover (Rs. Mn) EBITDA (Rs. Mn) 25,000 20,584 19,455 6,086 6,027 20,000 7,000 6,000 15,000 5,000 10,000 4,000 3,000 5,000 2,000 1,000 ‐ ‐ FY17 FY18 FY17 FY18 PAT After MI & Before Exceptional Items (Rs. PBT Before Exceptional Items (Rs. Mn) Mn) 2,396 2,058 2,500
Slide 6: Consolidated Financials - Snapshot
CONSOLIDATED FINANCIALS ‐ SNAPSHOT Amount in Rs. Mn FY18 on Q4 FY18 on Q4 FY18 on Q4 Q3 Particulars FY18 FY17 FY17 Q4 FY17 Q3 FY18 Q4 FY17 FY18 FY18 (% Inc) (% Inc) (% Inc) Turnover 19,455 20,584 ‐5% 4,477 4,336 5,607 3% ‐20% EBITDA 6,027 6,086 ‐1% 1,490 1,690 2,050 ‐12% ‐27% Interest 2,594 2,464 5%
Slide 7: Consolidated Segment Contribution
CONSOLIDATED SEGMENT CONTRIBUTION 12 Months ending Mar 2018 80% 73% 70% 59% 56% 57% 60% 50% Real Estate 40% Hospitality 34% 33% Lease Rentals 30% 25% 19% 20% 15% 12% 10% 10% 7% 0% Revenue Gross Profit EBITDA PBD 6
Slide 8: Consolidated Segment Profit Analysis
CONSOLIDATED SEGMENT PROFIT ANALYSIS Amount in Rs. Mn Particulars Real Estate Hospitality Lease Rental Total Revenue 14,225 2,371 2,859 19,455 as % of Total 73% 12% 15% 100% Expenses 8,014 316 118 8,448 Gross profit 6,211 2,055 2,741 11,007 Gross profit Margin % 44% 87% 96% 57% Admin Expenses 1,356
Slide 9: Consolidated Cash Flows (1)
CONSOLIDATED CASH FLOWS (1) Direct Method Cash Flows Amount in Rs. Mn Particulars Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 FY18 FY17 Operating Activities Total Collections 5,305 3,673 4,230 4,714 17,922 20,844 Construction Cost ‐2,933 ‐2,074 ‐2,216 ‐2,532 ‐10,004 ‐11,027 LO Payments ‐170 ‐122 ‐72 ‐81 ‐445 ‐8
Slide 10: Consolidated Cash Flows (2)
CONSOLIDATED CASH FLOWS (2) Direct Method Cash Flows Amount in Rs. Mn Particulars Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 FY18 FY17 Investment Activities Cash from Investment Activities 1,996 288 152 1,645 4081 946 Construction Cost (CWIP) ‐1,330 ‐1,165 ‐1,538 ‐1,984 ‐6017 ‐3094 Investment in Land/JD/JV/TDR
Slide 11: Deployment of Funds - Consolidated
DEPLOYMENT OF FUNDS – CONSOLIDATED Capital Employed Profitability Ratios 19% 20% 14% Real Estate 12% 12% 13% Lease Rental 15% 42% Real Estate 46% 8% 10% Hospitality Lease Rental 5% Hospitality 12% 0% PBD/Equity % EBITDA/OCE % Figures as on Mar 2017; Amounts are in Rs. Mn Capital D/E PBD / Operating
Slide 12: Consolidated Debt Profile
CONSOLIDATED DEBT PROFILE Amount in Rs. Mn Particulars Mar 2018 Mar 2017 Dec 2017 Real Estate 7,918 9,221 8,598 Hospitality 4,347 3,001 3,981 Lease Rental 17,265 9,550 16,004 Gross Debt 29,530 21,772 28,583 Cost of Debt 9.21% 10.38% 9.28% Credit Rating CRISIL “A” CRISIL “A” CRISIL “A” ICRA “A” ICRA
Slide 13: Sales Volume Analysis
SALES VOLUME ANALYSIS Quarterly Area Sales Residential Commercial 600 85 500 40 73 400 10 10 27 36 300 497 72 423 200 361 362 339 353 276 228 100 ‐ Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Q1 FY18 Q2FY18 Q3FY18 Q4FY18 All figures are in ‘000 sft FY17 FY18 Q1 Q2 Q3 Q4 Year Q1 Q2 Q3 Q4 Year Residential 361 497
Slide 14: Sales Value Analysis
SALES VALUE ANALYSIS Quarterly Sales Value Residential Commercial 3,500 496 3,000 312 2,500 50 90 227 584 2,000 276 550 2,883 1,500 2,309 2,072 2,100 1,938 1,000 1,554 1,763 1,313 500 ‐ Q1 FY17 Q2 FY17 Q3 FY17 Q4 FY17 Q1 FY18 Q2FY18 Q3FY18 Q4FY18 All Amounts in Rs. Mn except Average Rate/SFT which i
Slide 15: Ongoing Projects - Summary
ONGOING PROJECTS ‐ SUMMARY Area in ‘000 sft Total Project Area Project LO/JV Hospitality Projects Co Share Area share 3% Real Estate projects – BEL 8,940 1,842 7,097 Brigade Orchards * ‐ BCV 2,679 1,339 1,340 Lease Rental Brigade Cosmopolis * ‐ BPPL 708 347 361 33% Total Real Estate 12,326 3,528 8,7
Slide 16: Synopsis of Real Estate Projects (1)
SYNOPSIS OF REAL ESTATE PROJECTS (1) Ongoing BEL Ongoing SPV Stock Particulars Total Projects Projects Sales In Mn. Sft Total super built‐up area of projects on sale basis 8.94 3.39 0.98 13.31 Less: LO Share 1.84 ‐ ‐ 1.84 Co share of saleable area 7.10 3.39 0.98 11.47 Sold till date 3.23 1.86 ‐ 5.09
Slide 17: Synopsis of Real Estate Projects (2)
SYNOPSIS OF REAL ESTATE PROJECTS (2) Ongoing BEL Ongoing SPV Stock Particulars Total Projects Projects Sales Rs. In Mn Revenue Recognised till date 10,002 6,957 ‐ 16,960 Revenue to be Recognised (incl unsold units) 26,646 10,720 5,369 42,736 Estimated Profit for the projects 10,528 4,385 1,698 16,61
Slide 18: Lease Position - Mar 2018
LEASE POSITION – MAR 2018 Office 1,310 72 Retail 983 42 ‐ 200 400 600 800 1,000 1,200 1,400 Leased out To be Leased Area in ‘000 SFt Project Leasable Area Leased out To be Leased WTC Bangalore 637 635 2 Orion Mall at Brigade Gateway 820 816 4 Orion East Mall 148 140 8 WTC, Kochi ‐ Phase 1 388 327 61
Slide 19: Hospitality Business
HOSPITALITY BUSINESS GRAND Holiday Inn Holiday Inn GRAND MERCURE (BLR) SHERATON GRAND (BLR) MERCURE Express Chennai (MYSORE) (BLR) Oct17 to Details FY18 FY17 FY18 FY17 FY18 FY18 Mar 18 No of Keys 126 126 230 230 146 202 274 Occupancy 71% 73% 77% 81% 45% 36% 32%* ARR (Rs.) 6898 6,666 8434 7,638 3734
Slide 20: Land Bank - Group
LAND BANK ‐ GROUP Land Area Total Cost* (INR in Location Paid (INR in Mn) Payable (INR in Mn) (in acres) Mn) Bangalore 391 11,050 8,175 2,875 Chennai 49 2,377 2,181 197 Hyderabad 13 180 120 60 Kochi 18 140 140 ‐ Mangalore 29 54 52 2 GIFT, Gujarat 4 260 74 186 Mysore 19 97 85 12 Total 523 14,158 10,8
Slide 21: Land Bank - Segment Wise
LAND BANK – SEGMENT WISE Land Area Total Cost* (INR in Segment Paid (INR in Mn) Payable (INR in Mn) (in acres) Mn) Residential 382 9,233 6,723 2,510 Commercial Sale 32 693 640 53 Commercial lease 77 3,177 2,991 186 Retail 10 789 256 533 Hotel 22 267 217 50 Total 523 14,158 10,827 3,331 * Includes Re
Slide 22: Land Bank - Developable Area
LAND BANK – DEVELOPABLE AREA Project Area ‐ Product Project Area ‐ Location Retail Mangalore 2% Hotel Cochin6% Mysore 2% 0% GIFT 2% Commercial‐Lease Hyderabad 1% 16% 4% Chennai 8% Commercial‐Sale 6% Residential 74% Bangalore 79% BEL Proj Area BEL Share Proj Area Location Product Share SFT in Mn SFT
Slide 23: Projects Launched in FY18
PROJECTS LAUNCHED IN FY18 Project BEL Project Product City Launch Plan Area Share Mn sft Mn sft 1.Brigade Enterprises Limited Brigade 7 Gardens Residential Bangalore 0.87 0.55 Launched Q1 Brigade Buena Vista Residential Bangalore 0.39 0.39 Launched Q1 Brigade Xanadu Ph‐1 Residential Chennai 0.77 0.4
Slide 24: Projects to be Launched - Residential 1
PROJECTS TO BE LAUNCHED – RESIDENTIAL ‐ 1 Brigade Project City Total Area Economic Interest Mn sft Mn sft 1.Brigade Enterprises Limited Brigade Northridge II Bangalore 0.16 0.10 Brigade Buena Vista Phase II Bangalore 0.46 0.46 Brigade Bricklane Bangalore 0.71 0.46 Brigade Woods Bangalore 0.54 0.32 B
Slide 25: Projects to be Launched - Residential 2
PROJECTS TO BE LAUNCHED – RESIDENTIAL ‐ 2 Brigade Project City Total Area Economic Interest Mn sft Mn sft 2. Brigade Tetrarch Private Limited Brigade El Dorado Phase I Bangalore 1.00 1.00 3.Perungudi Real Estates Private Limited Brigade Zenith Chennai 0.54 0.27 4.BCV Developers Private Limited Briga
Slide 26: Projects to be Launched - Commercial
PROJECTS TO BE LAUNCHED ‐ COMMERCIAL Project City Project Area BEL Share Mn sft Mn sft 1. Brigade Enterprises Limited – Sale Brigade Southfields Bangalore 0.38 0.23 Brigade Deccan Bangalore 0.39 0.21 Brigade Senate Bangalore 0.36 0.18 Brigade Tirumph Bangalore 0.20 0.12 Total 1.33 0.74 2. BCV Develo
Slide 27: Projects to be Launched Hospitality
PROJECTS TO BE LAUNCHED HOSPITALITY Project City No of Keys 1. Brigade Hotel Ventures Limited Ibis Styles, Metagalli Mysore 154 Keys Ibis Styles , Near Airport Bangalore 150 Keys Total 26
Slide 28: Awards & Recognition
AWARDS & RECOGNITION Brigade was recognised as one of Bengaluru’s Hot 50 Brands at the Brand Summit & Hot Brands 2018 event organised by Paul Writer. Brigade Exotica won the Best Residential Project at the CIA World Construction & Infra Awards 2018 Brigade Palmgrove Mysore won the Premium Vill
Slide 29: Annexure I - Project Details
Annexure I Project Details 28
Slide 30: Ongoing BEL Projects - Sales
ONGOING BEL PROJECTS ‐ SALES ======Area in SFT===== Amount in Rs. Mn Sales till Project Co’s share Sold Unsold Future Sales date Brigade Lakefront 14,55,748 12,50,852 2,04,896 7,895 1,332 Brigade Exotica‐2 7,20,610 87,230 6,33,380 495 3,484 Brigade Palmgrove 2,61,850 1,06,670 1,55,180 535 881 Brig
Slide 31: Ongoing SPV Projects - Sales
ONGOING SPV PROJECTS ‐ SALES ======Area in SFT===== Amount in Rs. Mn Saleable Sales till Future Project Sold Unsold Area date Sales Brigade Properties Private Limited Brigade Cosmopolis Phase II 3,66,690 3,53,950 12,740 2,472 89 Brigade Cosmopolis Phase III 3,41,220 19,560 3,21,660 138 2,252 Total
Slide 32: Ongoing BEL Projects - Revenue
ONGOING BEL PROJECTS ‐ REVENUE Amount in Rs. Mn Estimated To be Revenue Rev to be Project Collected Sales Value collected recognized recognized Brigade Lakefront 9,227 5,841 3,386 6,209 3,017 Brigade Exotica‐2 3,978 395 3,583 ‐ 3,978 Brigade Palmgrove 1,416 401 1,016 310 1,107 Brigade Symphony ‐ Blo
Slide 33: Ongoing SPV Projects - Revenue
ONGOING SPV PROJECTS ‐ REVENUE Amount in Rs. Mn Estimated To be Revenue Rev to be Project Collected Sales Value collected recognized recognized Brigade Properties Private Limited Brigade Cosmopolis Phase II 2,472 1,697 859 2,018 543 Brigade Cosmopolis Phase III 138 2 2,383 ‐ 2,390 Total ‐ A 4,951 1,
Slide 34: Ongoing BEL Projects - Profitability
ONGOING BEL PROJECTS ‐ PROFITABILITY Amount in Rs. Mn Est Total Cost Cost to be Est Profit Profit to be Project Cost incurred incurred Profit recognized recognized Brigade Lakefront 6,222 5,291 932 3,004 1,999 1,005 Brigade Exotica‐2 2,588 1,868 721 1,390 ‐ 1,390 Brigade Palmgrove 962 856 106 454 60
Slide 35: Ongoing SPV Projects - Profitability
ONGOING SPV PROJECTS ‐ PROFITABILITY Amount in Rs. Mn Est Cost to Cost Est Profit Profit to be Project Total be incurred Profit recognized recognized Cost incurred Brigade Properties Private Limited Brigade Cosmopolis Phase II 2,032 1,831 201 529 416 113 Brigade Cosmopolis Phase II 1,692 660 1,032 6
Slide 36: Capex Commitment - Commercial (1)
CAPEX COMMITMENT – COMMERCIAL (1) As on Mar 2018 Amount in Rs. Mn Projects Est. cost Incurred Balance 1. Brigade Enterprises Limited A. Office Space Brigade Opus 1,800 1,706 94 WTC, Kochi ‐ Phase 2 1,300 799 501 Total Office Space 3,100 2,505 595 B.Retail Space Brigade Orion OMR 900 421 479 Brigade
Slide 37: Capex Commitment - Commercial (2)
CAPEX COMMITMENT – COMMERCIAL (2) As on Mar 2018 Amount in Rs. Mn Projects Est. cost Incurred Balance 2.Brigade (Gujarat) Properties Private Limited SEZ Office Space GIFT City Tower 1 * 770 488 282 3.Brookefields Real Estates And Projects Private Limited SEZ Office Space Brigade Tech Gardens # 12,00
Slide 38: Capex Commitment - Hospitality
CAPEX COMMITMENT ‐ HOSPITALITY As on Mar 2018 Amount in Rs. Mn Planned No. of Commencemen Projects Est. cost Incurred Balance Keys t of Operations 1. Brigade Hotel Ventures Limited Holiday Inn Express at Golden Triangle 790 ‐ 790 132 Q1 FY20 Four Points by Sheraton, Kochi 1,280 799 481 218 Q3 FY19 I
Slide 39: Annexure II - Standalone Financials
Annexure II Standalone Financials 38
Slide 40: Standalone Financials - Snapshot
STANDALONE FINANCIALS ‐ SNAPSHOT 12 Months ending March 2018 Amount in Rs. Mn Q4 FY18 Q4 FY18 FY18 on Q4 Q3 Q4 on Q3 on Q4 Particulars FY 2018 FY 2017 FY17 FY18 FY17 (% Inc) FY18 FY18 FY17 (% Inc) (% Inc) Turnover 13,683 15,900 ‐14% 3,192 3,154 4,451 1% ‐28% EBITDA 5,041 4,900 3% 1,281 1,514 1,570 ‐
Slide 41: Standalone Segment Profit Analysis
STANDALONE SEGMENT PROFIT ANALYSIS Amount in Rs. Mn Particulars Real Estate Lease Rental Total Revenue 11,257 2,426 13,683 as % of Total 82% 18% 100% Expenses 6,109 99 6,208 Gross profit 5,148 2,327 7,475 Gross profit Margin % 46% 96% 55% Admin Expenses 869 172 1,041 Selling Cost 438 58 496 Employee
Slide 42: Thank you
Thank you Pradeep KP Chief Financial Officer Email: pradeepkp@brigadegroup.com Om Prakash P Brigade Enterprises Ltd Company Secretary 29th & 30th Floor, WTC, Email: omprakash@brigadegroup.com Brigade Gateway Campus, Pradyumna Krishnakumar 26/1, Dr. Rajkumar Road, Sr. General Manager ‐ Chairman's Off