Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q3 FY21 Earnings Presentation
32 slides from Kolte-patil Developers's earnings presentation, Feb 5, 2021
Slide 1: Exchange filing cover letter for Q3 FY21 results presentation
-, Creation, not construdion. To, to, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationship Department, 'Exchange Plaza', 1sr Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mu
Slide 2: Q3 & 9M FY21 Results Presentation
Kolte-Patil Developers Limited Q3 & 9M FY21 Results Presentation Anti-Fragile The resilient resists shocks and stays the same; the Anti-Fragile gets better
Slide 3: Disclaimer
Disclaimer 2 Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 4: Table of Contents
Table of Contents 3 1 KPDL – An Anti-Fragile Company 2 CEO’s Message 3 Operational & Performance Highlights 4 Launch Calendar 5 P&L / Balance Sheet Snapshot 6 Project-wise Details 7 Outlook 8 About Kolte-Patil Developers Ltd.
Slide 5: Anti-Fragile - Sustained sectorial outperformance across market cycles
Anti-Fragile - Sustained sectorial outperformance across market cycles 4 ROCE Among the >15% (4 healthiest year sectorial average) sales throughputs Low debt Consistet Asset-light growth positive No operating dilution Sustained market cash flows leadership Sound capital allocation Diversifying geogr
Slide 6: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance 5 Leading 3 Decades 28 MSF Residential real estate player in Shareholding of presence being incorporated in Project portfolio - under execution, Pune 1991 approval and land bank FII’s (Awarded as Most Reputed Brand in Pune) 14.22% A+/Stable DII/Other >20 MSF 15+%
Slide 7: CEO's Message
CEO’s Message 6 “Q3FY21 was the best ever quarter for KPDL in terms of collections - highest ever in the company’s three-decade history. On a sequential basis collections have nearly doubled signaling the turnaround in our ecosystem where sales, registrations, construction and CRM are all functionin
Slide 8: Operational Highlights – Q3 FY21
Operational Highlights – Q3 FY21 7 New area sales Q3 FY21 Q2 FY21 Q3 FY20 QoQ YoY 9M FY21 9M FY20 YoY Volume (million sq. ft.) 0.55 0.35 0.82 56.1% -33.1% 1.22 1.82 -33.3% Value (Rs. million) 3,170 1,944 4,084 63.1% -22.4% 6,756 9,599 -29.6% Realization (Rs./Sq. ft.) 5,762 5,517 4,966 4.4% 16.0% 5,5
Slide 9: Business Development - Signed three new projects in Pune
Business Development - Signed three new projects in Pune 8 ≈ Signed three new projects with a combined saleable area of ~2.2 msf in Pune under capital light models ≈ Expected Total Topline of ~Rs. 1,500 crore and KPDL PBT of ~Rs. 220 cr ≈ Nominal refundable deposits especially compared with the prof
Slide 10: Launch Calendar – Next Nine Months
Launch Calendar – Next Nine Months 9 Pune Projects Location Use Saleable Area (msf.) Universe Phase 2 (R10), LR Hinjewadi, Pune Residential / Retail 0.70 Giga Viman Nagar Commercial 0.60 Boat Club Boat Club Road Commercial 0.40 Down Town Kharadi Residential / Retail 0.50 Launches planned across Pi
Slide 11: Mumbai Presence - Expanding Footprint
Mumbai Presence - Expanding Footprint 10 Shree Avadhoot (Dahisar East) Opp. Subway, St. Mary School Sagar Vaibhav (Dahisar West) Near Mary Immaculate Girls School Om Shree Gokul (Borivali West) Near. McDonald's, S V Road Hari Ratan (Goregaon West) Walking distance from Inorbit mall, adjacent to Cent
Slide 12: 6 ways we built a stronger Company over the last few years
6 ways we built a stronger Company over the last few years 11 We We sold a larger strengthened our cash number of flows through increased apartments in both collection efficiency, quicker launch as well as construction, faster sustenance phase sales and lower of projects debt We increased our We acc
Slide 13: Performance Highlights – Last Four Years
Performance Highlights – Last Four Years 12 Revenue, Rs. Crore PAT, Rs. Crore Net Debt, Rs. Crore 137 517 1,221 1,195 1,226 122 122 455 434 965 87 288 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 FY17 FY18 FY19 FY20 Note: The Company has adopted IND AS 115 during Q1 FY19, effective from 1st April 2018 an
Slide 14: Performance Highlights – Q3 FY21
Performance Highlights – Q3 FY21 13 Revenue, Rs. Crore EBITDA, Rs. Crore PAT, Rs. Crore Q3 FY20 337 Q3 FY20 77 Q3 FY20 38 Q4 FY20 280 Q4 FY20 55 Q4 FY20 31 Q1 FY21 77 Q1 FY21 -19 Q1 FY21 -32 Q2 FY21 170 Q2 FY21 7 Q2 FY21 -12 Q3 FY21 323 Q3 FY21 84 Q3 FY21 47 Note: The Company has adopted IND AS 115
Slide 15: Product-wise Sales
Product-wise Sales 14 1% 5% 16% 2% 3% 2% 2% 16% 9M FY21 FY20 29% 32% 44% 47% Note: The category of ‘Others’ includes Duplex, Row House and Plots.
Slide 16: New Sales Analysis – Q3 FY21
New Sales Analysis – Q3 FY21 15 msf. 0.80 0.63 0.51 0.50 0.82 0.67 0.31 0.35 0.55 100% 5% 3% 8% 13% 9% 1% 10% 2% 9% 4% 9% 8% 5% 11% 8% 17% 14% 80% 16% 13% 30% 38% 31% 36% 41% 29% 60% 31% 24% 42% 40% 63% 37% 31% 34% 43% 23% 29% 20% 37% 13% 16% 12% 19% 18% 16% 21% 11% 9% 0% Q3 FY19 Q4 FY19 Q1 FY20 Q2
Slide 17: Abridged Cash Flows
Abridged Cash Flows 16 Abridged Cash flows - Unaudited Q3 FY21 9M FY21 (Rs. crore) (Un-Audited) (Un-Audited) Opening Balance 96 97 Operating Cashflow Collections 369 663 Construction Cost -131 -280 Other Expenses -47 -116 Direct & Indirect Taxes -14 -33 Financing & Investing Activities Interest -14
Slide 18: Consolidated Debt Profile
Consolidated Debt Profile 17 Consolidated Debt Profile (Rs. 31st December, 2020 30th September, 2020 31st March, 2020 crore) CCM POCM^ CCM POCM^ CCM POCM^ Net Worth 884 1,236 861 1,188 905 1,229 Gross Debt 691 691 744 744 728 728 Less: OCD / CCD / OCRPS / 197 197 201 201 196 196 Zero Coupon NCD* Deb
Slide 19: Revenue Recognition – Q3 FY21 vs Q3 FY20
Revenue Recognition – Q3 FY21 vs Q3 FY20 18 Q3 FY21 – Rs. 190 crore ^Q3 FY21 – Rs. 323 crore ^Q3 FY20 – Rs. 337 crore (CCM) (POCM) (POCM) Strategic Monetization 28% Life Republic 40% Strategic Monetization 48% Life Republic 25% Opula 15% Bengaluru Projects 24% Bengaluru Projects 10% Ivy Estate 14% I
Slide 20: Revenue Recognition – 9M FY21 vs 9M FY20
Revenue Recognition – 9M FY21 vs 9M FY20 19 9M FY21 – Rs. 396 crore 9M FY21 – Rs. 570 crore 9M FY20 – Rs. 946 crore (CCM) (POCM) (POCM) Life Republic 32% Life Republic 23% Mumbai Projects 39% Strategic Monetization 16% Western Avenue 17% Strategic Monetization 23% Bengaluru Projects 12% Opula 16% Iv
Slide 21: Profit and Loss Snapshot – Q3 FY21 vs Q3 FY20
Profit and Loss Snapshot – Q3 FY21 vs Q3 FY20 20 P&L Snapshot (Rs. crore) Q3 FY21* Q3 FY20 Q3 FY21 Q3 FY20^ YoY COMMENTS Reported Reported (POCM) Revenue Recognition Method POCM POCM POCM CCM CCM Revenue from Operations 190.3 130.2 322.9 336.7 -4.1% ≈ Revenue from operations includes Cost of materia
Slide 22: Profit and Loss Snapshot – 9M FY21 vs 9M FY20
Profit and Loss Snapshot – 9M FY21 vs 9M FY20 21 9M 9M COMMENTS(POC P&L Snapshot (Rs. crore) 9M FY20 9M FY21 YoY FY21* FY20^ M) Reported Reported Revenue Recognition Method POCM POCM POCM CCM CCM • Revenue from operations Revenue from Operations 395.7 907.8 570.0 946.4 -39.8% includes revenue from s
Slide 23: Sales & Collections – Ongoing Projects – Q3 FY21
Sales & Collections – Ongoing Projects – Q3 FY21 22 Area Sold Sales Value APR Collections Projects Location (msf.) (Rs. mn.) (Rs./sft.) (Rs. mn.) Life Republic Hinjewadi, Pune 0.11 569 4,989 1,317 Universe (R10),LR Hinjewadi, Pune 0.06 295 5,292 20 Ivy Estate Wagholi, Pune 0.06 240 4,290 360 Tuscan
Slide 24: KPDL Project Portfolio – 31.12.20
KPDL Project Portfolio – 31.12.20 23 Gross Details Gross Details (including partner’s share) (including partner’s share) Ongoing & Under Ongoing & Under Projects KPDL Share Land Bank Projects KPDL Share Land Bank Unsold Approval* Unsold Approval* Jazz II (Opula) 100% 0.01 - - Jai Vijay 100% 0.03 - -
Slide 25: Healthy Return Ratios
Healthy Return Ratios 24 ROE ROCE 18.4% 14.5% 15.6% 12.8% 12.3% 11.1% 11.2% 10.1% Mar '17 Mar '18 Mar '19 Mar '20 Note: Numbers on POCM basis
Slide 26: Business Outlook
Business Outlook 25 Sector consolidation Diversifying geographical presence Efficient capital deployment • First round of consolidation resulted from • 10 society redevelopment projects in Mumbai • Continue to evaluate strategic and financial implementation of RERA and GST benefiting - 2 completed,
Slide 27: Brand, Marketing Awards
26 Brand, Marketing Awards India’s Most Trusted Real Estate Brand by TRA’s Brand Trust Report 2020
Slide 28: KPDL Awards
27 KPDL Awards 2020- 21 Top Developer of the year - India’s Top KPDL Challengers 2019- By Times Real Estate Icons 20 by Construction west 2020 World Global Awards Online
Slide 29: KPDL Awards
28 Integrated Township of the Year - LR by Realty+ conclave & Excellence Awards- West 2020 KPDL Awards 2020- 21 Top Township projects (above 350 acres)- LR By Times Real Estate Icons West 2020
Slide 30: Brand, Marketing Awards
29 Brand, Brand Excellence Marketing in Real Estate Sector by ABP News Awards
Slide 31: About Kolte-Patil Developers Ltd. / Contact
About Kolte-Patil Developers Ltd. 30 Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential For further information, market, and growing presence in Mumbai and Bengaluru. Kolte-Patil is a
Slide 32: Thank You
Creation, not Construction THANK YOU
Kolte-Patil Developers — Q3 FY21 Earnings Presentation on 6ix