Embassy Developments Limited · NSE:EMBDL
Embassy Developments — Indiabulls Real Estate — Q1 FY21 Earnings Presentation
36 slides from Embassy Developments's earnings presentation, Sep 12, 2020
Slide 1: Indiabulls Real Estate Limited Investor Presentation
Indiabulls Real Estate Limited Investor Presentation 12th September, 2020
Slide 2: Key Financial Highlights: Q1 FY21
Financial Performance Key Financial Highlights: Q1 FY21 IBREL Consolidated Q1 FY21 Q1 FY20 Total Revenues (₹ Cr) 95.0 869.3 Expenses (₹ Cr) 186.0 748.3 PAT (₹ Cr) -94.6 -119.4 • Due to country-wide lockdown, business was severely impacted in Q1. However, now affordability of Real Estate is at a mult
Slide 3: Business Update
Business Update • Completed inventory of ₹ 2,909 Cr. Buyer preference is shifting towards completed inventory with OC, which provides a distinct advantage to the Company - Completed Inventory Projects (₹ Cr) Blu Estate & Club 1,506 Indiabulls Greens, Panvel 136 Enigma, Gurugram 151 Centrum Park, Gur
Slide 4: Business Update
Business Update • Balance projects currently under execution to generate additional Net Surplus of ₹7,792 Cr. Details per project in the following slides. • Additionally, Company has 1,929 acres of fully paid land bank spread across Mumbai, NCR, Chennai. As Government positions India as an attractiv
Slide 5: Merger - Executive Summary
Merger - Executive Summary • Assets of Embassy Group to merge into Indiabulls Real Estate (“IBREL”), to create one of India’s largest listed real estate companies • The merged entity will have a balanced mix of commercial and residential assets which should provide a natural hedge against cyclicalit
Slide 6: Merger - Snapshot
Merger - Snapshot Embassy IBREL[1] Combined Entity - IBREL Residential and commercial assets Leading residential real estate One of the largest real estate developers in in India’s leading commercial platform with total launched India with an optimum mix across asset classes Overview[2] market
Slide 7: Merger - Key Metrics
Merger - Key Metrics [1] IBREL Embassy Combined Entity – IBREL Million SFT Saleable + Leasable Area 24.6 56.2 80.8 Residential Stock + Planned Area 23.3 14.3 37.6 Commercial Planned Area 1.3 41.9 43.2 In ₹ Cr Residential Net Surplus Launched + Planned Projects 12,079 6,513 18,592 Residential Net Sur
Slide 8: Merger - Transformational Change in Ownership
Merger - Transformational Change in Ownership Indiabulls Real Estate (IBREL), Embassy select assets combine to create one of India’s largest listed real estate enterprise Post merger, Mr. Jitendra Virwani, Chairman of Embassy Group, and certain other promoter entities of NAM Estates (Embassy Gro
Slide 9: Merger - Combined Entity to Attain Size and Scale
Merger - Combined Entity to Attain Size and Scale Market leadership potential through merger 10,667 10,442 #1 in Surplus - 7,599 7,504 Launched 4,351 3,230 3,030 projects in ₹ Cr. Combined Entity DLF Prestige Sobha Purvankara Sunteck Brigade 3,353 2,411 #1 by Land Bank 1,763 (acres)[1] 1,000 757 350
Slide 10: Merger - Significant Growth Potential
Merger - Significant Growth Potential [1] IBREL Embassy Combined Entity – IBREL Saleable Area & Leasable Area (Mn Sq ft) 24.6 56.2 80.8 Residential Commercial Residential Commercial OC / Near Completion 3.5 - 2.5 - 6.0 Other Launched 4.1 - 1.0 - 5.1 Planned 15.7 1.3 10.8 41.9 69.7 Net Residential Su
Slide 11: Merger - Combined entity to have Complementary Geographic Footprint
Merger - Combined entity to have Complementary Geographic Footprint Saleable/Leasable Area (Mn Sq Ft) Pre-merger Post merger* IBREL1 Embassy NCR 11.4 NCR 11.4 Jodhpur 0.3 Jodhpur 0.3 Vadodara 0.2 2.1 Indore Vadodara 0.2 2.1 Indore MMR 10.5 MMR 10.5 0.1 Vizag 0.1 Vizag Bengaluru 54.6 1.6 Chennai IBRE
Slide 12: Merger - Diversification into Commercial Development
Merger - Diversification into Commercial Development Asset Mix Heavily Skewed Towards Residential Balanced and Diversified Development Portfolio (Mn Sq Ft) post merger (Mn Sq Ft) 5% 53% 47% 95% Residential Commercial Residential Commercial Balanced mix a natural hedge against cyclicality; To benefit
Slide 13: Combined Entity: Visibility on Near-Term Liquidity and Cash Flows
Combined Entity: Visibility on Near-Term Liquidity and Cash Flows Over ₹ 5,600 Cr of near completed inventory Near completed projects with ~2x cover Surplus of sold (INR Cr) (INR Cr) receivables over pending costs Pending Costs 874 5,658 52% Sold Receivables 1,504 Launched Inventory Potential to unl
Slide 14: Portfolio Summary as on date
Portfolio Summary as on date Indiabulls Real Estate Limited Completed with OC Near Completion Development Area Net Area Net Area Net Surplus Projects (Mn. sq. Surplus Projects (Mn. Surplus Development (Mn. (₹ Cr) ft.) (₹ Cr) sq. ft.) (₹ Cr) sq. ft.) Blu Estate & Club 0.6 1,788 Blu Estate & Club 0.1
Slide 15: Project Approvals
Project Approvals Projects Fire NOC Building Plan Environment Airport Clearance NOC Owned Office Portfolio Commercial, Gurugram Sec 106 ---------- Land Development License in Place --------- Development Portfolio Blu Estate & Club, Mumbai Indiabulls Greens, Panvel Indiabulls Golf Cit
Slide 16: Appendix 1 – Completed Projects
Appendix 1 – Completed Projects 16
Slide 17: Blu Estate & Club, Worli
Blu Estate & Club, Worli Location Worli, Mumbai Area (Mn. Sq. Ft) 2.10 Total Sales Value (₹ Cr) 8,335 Pending Collection from Area Sold (₹ Cr) 325 Net Surplus (₹ Cr) 3,978 Actual image Actual image 17
Slide 18: Indiabulls Greens, Panvel
Indiabulls Greens, Panvel Location Panvel, Navi Mumbai Area (Mn. Sq. Ft) 8.97 Total Sales Value (₹ Cr) 4,258 Pending Collection from Area Sold (₹ Cr) 1,230 Net Surplus (₹ Cr) 675 Actual image Actual image 18
Slide 19: Indiabulls Golf City, Savroli
Indiabulls Golf City, Savroli Location Savroli, Navi Mumbai Area (Mn. Sq. Ft) 5.40 Total Sales Value (₹ Cr) 2,316 Pending Collection from Area Sold (₹ Cr) 92 Net Surplus (₹ Cr) 1,044 Actual image Actual image Actual image 19
Slide 20: Enigma, Gurugram
Enigma, Gurugram Location Gurugram (Sector 110) Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 1,041 Pending Collection from Area Sold (₹ Cr) 95 Net Surplus (₹ Cr) 192 Actual image Actual image Actual image 20
Slide 21: Centrum Park, Gurugram
Centrum Park, Gurugram Location Gurugram (Sector 103) Area (Mn. Sq. Ft) 2.08 Total Sales Value (₹ Cr) 772 Pending Collection from Area Sold (₹ Cr) 21 Net Surplus (₹ Cr) 76 Actual image Actual image Actual image 21
Slide 22: Mega Mall, Jodhpur
Mega Mall, Jodhpur Location Jodhpur Area (Mn. Sq. Ft) 0.65 Total Sales Value (₹ Cr) 301 Pending Collection from Area Sold (₹ Cr) 90 Net Surplus (₹ Cr) 206 Actual image Actual Image Actual Image 22
Slide 23: One Indiabulls Park, Vadodara
One Indiabulls Park, Vadodara Location Vadodara Area (mn. Sq. Ft) 0.23 Total Sales Value (₹ Cr) 85 Pending Collection from Area Sold (₹ Cr) 6 Net Surplus (₹ Cr) 70 Actual image Actual image Actual image 23
Slide 24: Appendix 2 – Balance Development Projects
Appendix 2 – Balance Development Projects 24
Slide 25: One Indiabulls Thane
One Indiabulls Thane Location Thane Area (Mn. Sq. Ft) 1.59 Total Sales Value (₹ Cr) 1,644 Pending Collection from Area Sold (₹ Cr) 319 Net Surplus (₹ Cr) 826 Project location Actual image CGI 25
Slide 26: One Indiabulls, Gurugram
One Indiabulls, Gurugram Location Gurugram (Sector 104) Area (Mn. Sq. Ft) 3.59 Total Sales Value (₹ Cr) 1,969 Pending Collection from Area Sold (₹ Cr) 170 Net Surplus (₹ Cr) 773 Project location CGI CGI 26
Slide 27: Indiabulls One 09, Gurugram
Indiabulls One 09, Gurugram Location Gurugram (Sector 109) Area (Mn. Sq. Ft) 1.09 Total Sales Value (₹ Cr) 632 Pending Collection from Area Sold (₹ Cr) 182 Net Surplus (₹ Cr) 134 Project location Actual image CGI 27
Slide 28: Indiabulls City, Sonepat
Indiabulls City, Sonepat Location Sonepat Area (Mn. Sq. Ft) 1.75 Total Sales Value (₹ Cr) 227 Pending Collection from Area Sold (₹ Cr) 18 Net Surplus (₹ Cr) 82 Actual image Project location 28
Slide 29: Indiabulls Seirra, Vizag
Indiabulls Seirra, Vizag Location Vishakhapatnam Area (Mn. Sq. Ft) 0.84 Total Sales Value (₹ Cr) 274 Pending Collection from Area Sold (₹ Cr) 61 Net Surplus (₹ Cr) 22 Actual image CGI Actual image 29
Slide 30: Development Portfolio – Net Surplus
Development Portfolio – Net Surplus Net Surplus Project Location (₹ Cr) Under Construction Projects Blu Estate & Club, Worli Mumbai 1,983 Indiabulls Greens, Panvel Mumbai 579 Indiabulls Golf City, Savroli Mumbai 580 One Indiabulls Thane Mumbai 826 One Indiabulls, Gurugram NCR 774 Indiabulls One 09 N
Slide 31: Development Portfolio – Net Surplus (Contd.)
Development Portfolio – Net Surplus (Contd.) Net Surplus Project Location (₹ Cr) Planned Projects Indiabulls Imperial, Gurugram (Sec 106) NCR 1,930 Arivali, Panvel Mumbai 292 Silverlake Villas, Alibaug Mumbai 69 Centrum, Indore NCR 332 Sub Total - Planned Projects 2,623 Grand Total 7,499 Land Bank 1
Slide 32: Appendix 3 – Owned Office Portfolio
Appendix 3 – Owned Office Portfolio 32
Slide 33: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 106, Gurugram Location Gurugram (Sector 106) Area (Mn. Sq. Ft) 1.31 Annuity Revenue (₹ Cr) 144 Expected in 2024 Project location CGI 33
Slide 34: Appendix 4 – Corporate Social Responsibility
Appendix 4 – Corporate Social Responsibility 34
Slide 35: Indiabulls Foundation: Corporate Social Responsibility
Indiabulls Foundation: Corporate Social Responsibility Mahatma Awards For Excellence in Corporate Social Responsibility- 2019 Health JanSwasthya Kalyan (JSK)Vahika - Free primary health check ups and first level of screening for COVID-19 symptoms were carried out for Navi Mumbai police by the health
Slide 36: 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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