Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — H1 FY2011 Earnings Presentation
23 slides from Godrej Properties's earnings presentation, November 2010
Slide 1: Quarterly Results Presentation
QUARTERLY RESULTS PRESENTATION QUARTER 2 AND HALF YEAR, FINANCIAL YEAR 2011
Slide 2: Disclaimer
DISCLAIMER “Some of the statements in this communication 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 3: Contents
CONTENTS Godrej Properties overview Financial highlights Projects Annexure Financial statements
Slide 4: Overview
OVERVIEW
Slide 5: Godrej Properties Overview
GODREJ PROPERTIES OVERVIEW Brand advantage: Part of the Godrej Group • Established in 1897 • US $ 2.8 billion in annual revenue • 25,000 employees • Diversified, accomplished, trusted • Real estate is a major focus and has been identified as one of four hero businesses of the Group National Develope
Slide 6: Value Creation
VALUE CREATION Leverage and enhance the Godrej brand • Among India‟s most trusted brands • Ranked the 4th best brand in India by The Week magazine Competitive advantage: Joint development model • Track record of joint development projects across the country • Asset light and capital efficient • Faci
Slide 7: Highlights
HIGHLIGHTS GPL has by Q2 launched projects in eight cities and continues to display it’s competitive advantage as a national developer. • Launched Godrej Avalon in Mangalore comprising 0.69 mn sq ft of saleable area, 3 and 4 BHK apartments and exclusive penthouses. Demonstrated success in signing ne
Slide 8: Highlights
HIGHLIGHTS GPL entered NCR in Q1 with a residential joint development project in Gurgaon • Signed a development agreement for a 9-acre plot with 1.04 million sq. ft. developable area and 70% (average) revenue share to GPL. • GPL extends its presence to 11 cities across India in line with its strateg
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 10: Q2 FY 2011 Performance
Q2 FY 2011 PERFORMANCE Rs in Crore Particulars Q2 FY 2011 Q2 FY 2010 HY1 FY 2011 HY1 FY 2010 Sales & operating income 34.30 39.14 75.51 56.67 Other income 49.40 59.74 81.64 61.06 Total Income 83.70 98.88 157.15 117.73 EBIDTA 50.91 64.12 84.48 71.25 Profit before tax 49.75 61.67 81.91 66.26 Profit af
Slide 11: Performance Analysis
PERFORMANCE ANALYSIS Qtr Ended Qtr Ended Hf Yr Ended Hf Yr Ended Particulars (Unaudited) Sept’ 10 Sept’ 09 Sept’ 10 Sept’ 09 EBIDTA / Total Income (%)* 60.82 64.85 53.76 60.52 PBT Margin (%) 59.44 62.38 52.12 56.29 PAT Margin (%) 39.32 45.21 35.22 40.50 Avg. RONW (%)** 21.44 54.31 18.12 29.12 Avg. R
Slide 12: Projects
PROJECTS
Slide 13: National Presence
NATIONAL PRESENCE City Est. Total Dev Area (mn sq ft) Ahmedabad 40.43 Pune 12.30 Chandigarh NCR Hyderabad 9.60 Kolkata 6.83 Mumbai 3.52 Ahmedabad Chennai 3.23 Kolkata Mumbai Pune Kochi 2.52 Hyderabad Bengaluru 2.43 Mangalore 0.87 Mangalore Bangalore Chandigarh 0.68 Chennai Kochi NCR 1.04 Total 83.46
Slide 14: Ongoing Projects Update
ONGOING PROJECTS UPDATE Godrej Garden City, Ahmedabad • GPL launched it‟s first state of the art township in Ahmedabad in March 2010 • Project received an overwhelming response • Booked entire first phase of approximately 1.31 mn sq. ft. of area within 10 days of the launch • Phase II area of 0.45 m
Slide 15: Ongoing Projects Update
ONGOING PROJECTS UPDATE Godrej Eternia, Chandigarh • Phase 1 launched; Completed 18.5% of construction in H1 FY 11 • Sold 3,500 sq ft in Q2 Godrej Genesis, Kolkata • Completed 34% of construction of the project Godrej Woodsman Estate-Annex, Bangalore • Completed 7% of construction in Q2 • Sold 5,600
Slide 16: Project Completion Status
PROJECT COMPLETION STATUS 0.75 0.03 0.02 0.05 0.01 100% 100 0.14 100 100 100 100 1.45 0.14 90 80% 86 85 60% 0.55 40% 1.34 1.31 40 0.02 0.68 34 30 30 20% 25 0.09 7 0% GVD II A GVD II B GVD II C GVD II D GGC IA Eternia CHD Cypress Waterside I Riverside I Genesis Kol Waterside II Prakriti I Riverside I
Slide 17: Company Outlook
COMPANY OUTLOOK Focus on high growth markets - Mumbai, NCR and Bangalore • Mumbai – pursuing several new business and redevelopment opportunities across the city • NCR – signed our first development agreement and pursuing several new business opportunities • Bangalore - looking to build on an establ
Slide 18: Thank You For Your Time and Consideration
THANK YOU FOR YOUR TIME AND CONSIDERATION. For further information, please contact: Rajendra Khetawat / Karan Bolaria Anoop Poojari / Parveen Goyal Godrej Properties Limited Citigate Dewe Rogerson Tel: +91 22 6651 0200 Tel: +91 22 6645 1211/ 1223 Fax: +91 22 2207 2044 Fax: +91 22 6645 1213 Email: ra
Slide 19: Annexure
ANNEXURE
Slide 20: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Name Location Project type Share structure Current Status Area (mn sq ft) Apartment/ Villas Phase 1 – all construction Godrej Garden City Ahmedabad 26.28 Area Sharing - 67.88% / Row Houses approvals received Share in SPV - 10%; DM Bhugaon Township Pune Mix - Use
Slide 21: B. Commercial Projects
B. COMMERCIAL PROJECTS Est. Saleable Name Location Project type Share structure Current Status Area (mn sq ft) Godrej Garden City Ahmedabad Commercial 14.15 Area Sharing - 67.32% Pre development planning Infrastructure and Godrej Prakriti Kolkata Mix - Use 0.42 Own. 51% Share in SPV basement work GP
Slide 22: Financial Statements
FINANCIAL STATEMENTS
Slide 23: Financial Statement B/S
FINANCIAL STATEMENT B/S* Rs in Crore Particulars 30-Sept-10 30-Sept-09 Liabilities Capital 69.85 60.42 Reserves & surplus 802.77 286.13 Loan 783.77 800.69 Minority interest 4.49 1.90 Total liabilities 1,660.88 1,149.14 Assets Fixed assets 29.34 25.93 Investments 205.82 0.00 Deferred tax asset 0.43 0