Brigade Enterprises Limited · NSE:BRIGADE

Brigade Enterprises — Q1 FY2013-14 Earnings Presentation

22 slides from Brigade Enterprises's earnings presentation, 2013

  1. Slide 1: Investor Presentation Q1 FY13-14

    INVESTOR PRESENTATION Q1 FY13-14

  2. Slide 2: Brigade Enterprises Ltd. A Multi Dimensional Organization

    BRIGADE ENTERPRISES LTD. A MULTI DIMENSIONAL ORGANIZATION 26 years in Property development A Brand that stands for Innovation, Quality & Trust Eminent Personalities on the Board of Directors Listed in BSE & NSE in December 2007 Completed more than 100 Buildings Over 20 million sft of area developed

  3. Slide 3: Financial Snapshot

    FINANCIAL SNAPSHOT Q1-14 on Q1-14 on Particulars Q1 FY 13-14 Q4 FY 12-13 Q1 FY 12-13 Q4-13 Q1 -13 Rs. Mn Rs. Mn Rs. Mn Turnover 1,573 2,994 1,412 -47% 11% EBIDTA 469 720 443 -35% 6% Interest 175 195 201 -10% -13% Profit after Interest 293 526 242 -44% 21% Depreciation 186 187 152 0% 23% PBT 107 339

  4. Slide 4: Segment Profit Analysis

    SEGMENT PROFIT ANALYSIS For 3 months ended June 2013 Rs. in Million Lease Particulars Real Estate Hospitality Total rentals Revenue 975 298 301 1,574 Expenses 761 75 - 836 Gross profit 214 223 301 738 Admin Expenses 62 49 38 148 Employee cost 61 54 6 121 EBIDTA 92 119 258 469 Interest 13 56 106 175

  5. Slide 5: Deployment of Funds

    DEPLOYMENT OF FUNDS As of June 2013 *Rs. in Million Capital PBD/Eq EBIDTA/CE Segment Equity* Debt* D/E Ratio Employed* % % Real Estate 6,079 4,020 10,099 0.66 5.21% 3.64% Hospitality 1,488 1,569 3,084 1.07 16.98% 15.48% Lease Rental 4,581 4,226 8,807 0.92 13.18% 11.69% Total 12,148 9,815 21,990 0.81

  6. Slide 6: Loan Movement

    LOAN MOVEMENT Rs. in Million Qtr Qtr Qtr Qtr Qtr Qtr Movement of Qtr ended ended ended ended ended ended ended Loan Dec 11 Mar 12 June 12 Sept 12 Dec 12 Mar 13 June 13 Opening Balance 8,012 8,537 8,508 9,226 9,168 8,813 9,850 Availed during 1,494 675 1,399 1,805 425 1,718 925 Qtr Repaid during 968 7

  7. Slide 7: Debt & Cost Movement as on June'13

    DEBT & COST MOVEMENT AS ON JUNE’13 Rs. in Million 10,000 14.00% 9,850 9,815 13.86% 9,500 13.55% 13.50% 9,226 13.31% 9,168 13.11% 13.06% 9,000 13.00% 8,813 12.78% 8,537 8,508 8,500 12.50% 12.38% 8,000 12.00% 7,500 11.50% Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Debt Int Rate

  8. Slide 8: YoY Quarterly Sales Analysis (sft)

    YoY QUARTERLY SALES ANALYSIS (sft) *Area – Sft in 1,000 Type Q1 FY13-14 Q2 FY13-14 Q3 FY13-14 Q4 FY13-14 Total Residential 715 715 Commercial - Intentionally left blank - Total 715 715 Q1 FY12-13 Q2 FY12-13 Q3 FY12-13 Q4 FY12-13 Residential 300 271 297 537 1,405 Commercial 151 79 125 108 463 Total 4

  9. Slide 9: YoY Quarterly Sales Analysis (Rs.)

    YoY QUARTERLY SALES ANALYSIS (Rs.) Rs. in Million Type Q1 FY13-14 Q2 FY13-14 Q3 FY13-14 Q4 FY13-14 Total Residential 3,345 3,345 Commercial - - Intentionally left blank Total 3,345 3,345 Avg Rate psf Rs. 4,678 4,678 Q1 FY12-13 Q2 FY12-13 Q3 FY12-13 Q4 FY12-13 Residential 1,089 1,002 1,076 2,322 5,48

  10. Slide 10: Q1 2013-14 Sales Analysis

    Q1 2013-14 SALES ANALYSIS Location Area sold (in sft) Value Realized (Rs. Mn) Bangalore 6,79,960 3,118 Mysore 12,520 43 Chikmagalur 700 22 Mangalore 9,660 42 Hyderabad 12,180 139 Total 7,15,020 3,345

  11. Slide 11: Lease Details as of June 13

    LEASE DETAILS AS OF JUNE 13 *Area in Million sft Leasable Project Leased Area* Pipeline* To be Leased Area* WTC Bangalore 0.56 0.40 0.13 0.03 Brigade South Parade 0.12 0.11 0.01 Orion Mall 0.81 0.75 0.06 Brigade Solitaire 0.01 0.01 - Others 0.01 0.01 - Total 1.51 1.28 0.20 0.03

  12. Slide 12: Hospitality

    HOSPITALITY GRAND MERCURE SHERATON BANGALORE Details Q1 FY 13-14 Q1 FY 12-13 FY 2012-13 Q1 FY 13-14 Q1 FY 12-13 FY 2012-13 No of Keys 126 126 126 230 230 230 Occupancy 84% 84% 82% 74% 53% 63% ARR (Rs.) 6,530 6,707 6,682 7,346 7,111 7,603 GOP 50.70% 49.60% 51.00% 43.10% 29.00% 35.40%

  13. Slide 13: Summary – Ongoing Residential Projects (1)

    SUMMARY – ONGOING RESIDENTIAL PROJECTS (1) Ongoing Particulars Stock Sales Total UOM Projects Total super built-up area of launched 7.94 0.24 8.18 Mn Sft project on sale basis Less: LO Share 1.65 - 1.65 Mn Sft Co share of saleable area 6.29 0.24 6.53 Mn Sft Sold till June 13 3.08 - 3.08 Mn Sft To be

  14. Slide 14: Summary – Ongoing Residential Projects (2)

    SUMMARY – ONGOING RESIDENTIAL PROJECTS (2) Ongoing Particulars Stock Sales Total UOM Projects Revenue Recognised till June 13 3,654 - 3,654 Rs. Mn Revenue to be Recognised (including 25,394 1,047 26,442 Rs. Mn unsold units) Estimated cost for the projects (including 18,729 902 19,630 Rs. Mn Land/NRD

  15. Slide 15: Operating Cashflow Analysis

    OPERATING CASHFLOW ANALYSIS Ongoing Completed Description Total Projects Projects Total super built-up area of launched project on sale basis (in Mn Sft) 7.94 - - BEL share of saleable area (in Mn Sft) 6.30 - - Total area sold till June 2013 (in Mn Sft) 3.08 - - Unsold area (in Mn Sft) 3.21 0.24 3.4

  16. Slide 16: Ongoing Projects – Summary

    ONGOING PROJECTS – SUMMARY As on June 2013 Area in Sft Projects Project Area LO/JV Share BEL’s Share Residential projects 79,43,872 16,50,839 62,93,033 Brigade Orchards (SPV) 11,51,614 5,75,807 5,75,807 Total Residential 90,95,486 22,26,646 68,68,840 Brigade Rubix (Retail) 74,440 - 74,440 Banaswadi-

  17. Slide 17: Capex Commitment as on June 13

    CAPEX COMMITMENT AS ON JUNE 13 Rs. in Million Balance to be Projects Estimated Cost Cost Incurred Loan Tie-up Incurred Brigade Rubix (Retail) 238 198 41 - Brigade Banaswadi-Retail 740 307 433 644 Brigade Magnum 1,329.7 126 1,204 1,000 Brigade Vantage, Mysore 243 89 154 - Brigade Vantage Chennai 393

  18. Slide 18: Land Bank Details

    LAND BANK DETAILS Land Area Total Cost* Paid Payable Location (In Acres) (Rs. Million) (Rs. Million) (Rs. Million) Bangalore 245 5,400 5,138 262 Chennai 57 750 400 350 Cochin 18 63 63 - Mangalore 25 45 45 - Mysore 36 140 133 7 Total 381 6,397 5,779 619 * Includes Refundable/Non Refundable Deposits f

  19. Slide 19: Developable Land Bank

    DEVELOPABLE LAND BANK Developable Area BEL’s Share in Area Type No. of Projects (Million sft) (Million sft) Residential 27 23 17 Office - Sale 5 2 1 Office - Lease 9 6 6 Retail 3 1 0 Hotel 3 1 1 Total 47 32 25 Developable Area BEL’s Share in Area Type No. of Projects (Million sft) (Million sft) Bang

  20. Slide 20: New Projects to be Launched FY13-14 (1)

    NEW PROJECTS TO BE LAUNCHED FY13-14 (1) Expected Project City Land Area Project Area BEL Share Launch Date In Acres Sft in Mn Sft in Mn Brigade Palmgrove - Town Houses Mysore 2 0.09 0.07 Q2 Brigade Symphony Mysore 7 0.52 0.52 Q2 Brigade Cosmopolis Phase 1 Bangalore 5 0.77 0.39 Q2 Brigade Meadows Blo

  21. Slide 21: New Projects to be Launched FY13-14 (2)

    NEW PROJECTS TO BE LAUNCHED FY13-14 (2) Expected Project City Land Area Project Area BEL Share Launch Date In Acres Sft in Mn Sft in Mn Brigade Bhuwalka Retail Bangalore 1 0.08 0.04 Q2 Brigade Metropolis- Bangalore 4 0.46 0.23 Q2 Annex Brigade Bhuwalka Icon Bangalore 3 0.28 0.14 Q3 Brigade SEZ, Phas

  22. Slide 22: Thank You

    THANK YOU Brigade Enterprises Ltd K Suresh 29th & 30th Floor, World Trade Centre, Chief Financial Officer Brigade Gateway Campus, Email: sureshkris@brigadegroup.com 26/1, Dr. Rajkumar Road, Malleswaram-Rajajinagar, Om Prakash P Bangalore -560 055. Company Secretary Phone: 91-80-4137 9200 Email: ompr

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