Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q4 FY2022 Earnings Presentation
46 slides from Godrej Properties's earnings presentation, May 3, 2022
Slide 1: Exchange filing cover letter
Godrej Properties Limited Regd.Office: Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (E), Mumbai- 400 079.India Tel.: +91-22-6169 8500 Fax: +91-22-6169 8888 Website: www.godrejproperties.com CIN: L74120MHl985PLC035308 May 03, 2022 BSE Limited Phiroze Jeejeebhoy Towers, Dala
Slide 2: Results Presentation Fourth Quarter, Financial Year 2022
R E S U LT S P R E S E N T A T I O N FOURTH QUARTER, FINANCIAL YEAR 2022 1 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY19
Slide 3: 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 operation
Slide 4: Agenda
AGENDA Overview 01 FY22 Highlights 02 Q4 FY22 Operational Highlights 03 Q4 FY22 Financial Highlights 04 Annexure 05 3 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY22
Slide 5: Godrej Group
GODREJ GROUP Established in 1897 Value Creation Track Record $6 billion in annual revenue 21 year CAGR in ` 1 invested in Particulars stock price June 2001 is now worth 1.1 billion people globally use a Godrej product1 BSE Sensex 15% 17 Godrej ranks amongst the most trusted Indian brands2 Go
Slide 6: Godrej Properties
GODREJ PROPERTIES Established in 1990 Indias largest real estate developer by booking value in FY21 Successfully delivered ~24 million sq. ft. of real estate in the Chandigarh 0.5, 1 NCR past five years 28.3, 17 ~192 million sq. ft. of saleable area across India Differentiated asset-light
Slide 7: Strengths
STRENGTHS 1.1 billion people globally use a Godrej product1 Godrej Brand Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report GPL brings the Godrej brands reputation for trust, quality and corporate governance to the real estate sector Effective Land
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL’s IPO would be worth ~ 8x an identical investment into the BSE Realty Index Value Creation Track Record 12 year CAGR in ` 1 invested in Particulars stock price January 2010 is now worth BSE Sensex 10.3% 3.34 Godrej Properties 17.6% 7.28 BSE Realty Index -0.4%
Slide 9: Agenda
AGENDA Overview 01 FY22 Highlights 02 Q4 FY22 Operational Highlights 03 Q4 FY22 Financial Highlights 04 Annexure 05 8 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY22
Slide 10: FY22 Highlights
FY22 HIGHLIGHTS Booking value of INR 7,861 crore for FY22, highest ever sales in a financial year by GPL despite the Sales severe impact of COVID-19 second wave in Q1 FY22 Highlights Launched 16 new projects/phases in FY22 Added 6 new residential projects (2 in NCR, 2 in Bangalore and 1 each i
Slide 11: Highest ever sales by GPL in a financial year - booking value INR 7,861 crore
HIGHEST EVER SALES BY GPL IN A FINANCIAL YEAR - BOOKING VALUE OF INR 7,861 CRORE • Total booking value in FY22 grew by 17% YoY to INR 7,861 crore • 5th consecutive year of record annual sales despite industry volatility • Sales from new launches in FY22 stood at INR 3,036 crore • Sales from existing
Slide 12: Business Development
BUSINESS DEVELOPMENT Added 6 new residential projects with ~9.33 million sq. ft. of saleable area and high economic interest to GPL in FY22 Projects added in FY22 Particulars Saleable Area Expected Booking Business Model (million sq. ft.) Value (INR Cr) Wadala, MMR 1.60 3,250 GPL to construct space
Slide 13: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered ~6.4 million sq. ft.* across 5 cities in FY22 Godrej Hillside 1 & 2, Pune Godrej Aqua, Bangalore Godrej City, MMR Godrej Eternity, Bangalore 0.84 million sq.ft. 0.78 million sq.ft. 0.70 million sq.ft. 0.54 million sq.ft. Godrej Elements, Pune Godrej Avenues Phase 2,
Slide 14: Global Recognition for Sustainability Initiatives
GLOBAL RECOGNITION FOR SUSTAINABILITY INITIATIVES Ranked #1 amongst listed residential developers globally by GRESB (Global Real Estate Sustainability Benchmark) GRESB Score within Residential / Listed 1st out of 25 • GRESB is an industry-driven organization committed to rigorous and independent eva
Slide 15: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 114 awards in FY22, highest ever for the company ILLUSTRATIVE LIST OF AWARDS GODREJ PROPERTIES PROJECT AWARDS • India's Top Builder The Trees - Godrej Origin, MMR | The Trees - Residence 1 & 2, MMR Gold Award - 16th Construction World Architect and Builder Awar
Slide 16: ESG Performance
FOCUS ON SUSTAINABILITY AND CSR INITIATIVES (Environmental, Social ESG PERFORMANCE Godrej Properties ranked #1 amongst listed global residential developers by the Global Real Estate Sustainability Benchmark, (GRESB) for a and Governance) ESG Ratings second consecutive year GPL leads the ESG rati
Slide 17: Agenda
AGENDA Overview 01 FY22 Highlights 02 Q4 FY22 Operational Highlights 03 Q4 FY22 Financial Highlights 04 Annexure 05 16 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY22
Slide 18: Q4 FY22 Operational Highlights
Q4 FY22 OPERATIONAL HIGHLIGHTS GPLs best ever quarter for sales - booking value stood at INR 3,248 crore 23% YoY growth and 111% QoQ growth in booking value Sales Highlights 9 new project/phase launches across 5 cities Godrej Woods in Noida clocked sales of over INR 1,650 crore within a yea
Slide 19: Sales Highlights
SALES HIGHLIGHTS Particulars Q4 FY22 Q4 FY21 Growth Q3 FY22 Growth FY22 FY21 Growth Area Sold ( sq. ft.) 4,235,271 4,176,803 1% 2,216,214 91% 10,837,043 10,813,774 0% Booking Value (INR Cr) 3,248 2,632 23% 1,541 111% 7,861 6,725 17% Strong response to new project/phase launches Godrej Woods Phase 3,
Slide 20: Sales Highlights (Contd.)
SALES HIGHLIGHTS (Contd.) Region-wise Sales Breakdown NCR PUNE Total sales of 1.57 million sq. ft. through sale of 1,046 Total sales of 1.11 million sq. ft. through sale of 1,318 homes with a booking value of INR 1,372 crore homes with a booking value of INR 770 crore MMR BANGALORE Total sales of 0.
Slide 21: Project Booking
PROJECT BOOKING Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Residential Projects Q4 FY22 FY22 Q4 FY22 FY22 Godrej Woods, NCR 381,946 1,117,203 460 1,259 Godrej Meridien, NCR 335,088 441,762 304 395 Godrej Meadows, Pune 427,246 748,376 298 515 Godrej Sky Greens, Pune 450,640 450,640 282
Slide 22: Project Booking (Contd.)
PROJECT BOOKING (Contd.) Particulars Booking Area (sq. ft.) Booking Value (INR Cr) Commercial Projects Q4 FY22 FY22 Q4 FY22 FY22 Godrej Eternia, Chandigarh 25,266 77,826 18 59 Godrej Genesis, Kolkata 20,278 52,776 8 22 Total 45,544 130,602 26 81 Grand Total 4,235,271 10,837,043 3,248 7,861 21 | GODR
Slide 23: Quarterly Sales Trend
QUARTERLY SALES TREND Quarterly Sales Value 3,500 3,248 3,000 2,632 2,574 2,500 (INR cr) 2,000 1,531 1,488 1,541 1,500 1,074 1,000 497 500 0 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Quarterly Sales Volume 4.5 4.2 4.2 4.0 3.6 3.5 (Million sq.ft.) 3.0 2.5 2.4 2.5 2.2 2.0 1.7 1.5
Slide 24: Business Development
BUSINESS DEVELOPMENT Added 3 new projects with saleable area of ~6.10 million sq. ft. in Q4 FY22 Sonipat, NCR Spread across 50 acres, this project will offer approximately 1.0 million sq. ft. of plotted residential development, offering attractive plot sizes along with exceptional lifestyle amenit
Slide 25: Business Development (Contd.)
BUSINESS DEVELOPMENT (Contd.) Existing project update Godrej Tranquil, MMR GPL Economic Interest: DM – 11% of Revenue GPL has extended its existing arrangements with Shivam Realty to develop a residential group housing project at Kandivali The site is strategically located with easy access to th
Slide 26: Launch Tracker FY22
LAUNCH TRACKER FY22 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New Project Launches Planned in FY22 New Phase Launches Planned in FY22 Project City Launch Launch Status Project City Status Area* Area* Godrej Ananda (Ba
Slide 27: Launch Tracker FY23
LAUNCH TRACKER FY23 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initial expectations New Project Launches Planned in FY23 New Phase Launches Planned in FY23 Project City Launch Project City Launch Status Area* Status Area* Hinjawadi Ph 1 Pu
Slide 28: Construction Highlights
CONSTRUCTION HIGHLIGHTS Delivered ~5.8 million sq. ft.* across 5 cities in Q4 FY22 Godrej Hillside 1 & 2, Pune Godrej Aqua, Bangalore Godrej City, MMR Godrej Eternity, Bangalore 0.84 million sq.ft. 0.78 million sq.ft. 0.70 million sq.ft. 0.54 million sq.ft. Godrej Avenues Phase 2, Godrej Azure Phase
Slide 29: Agenda
AGENDA Overview 01 FY22 Highlights 02 Q4 FY22 Operational Highlights 03 Q4 FY22 Financial Highlights Annexure 05 04 28 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY22
Slide 30: Consolidated Financial Statements - P & L
CONSOLIDATED FINANCIAL STATEMENTS - P & L (INR Cr) Particulars Q4 FY2022 Q4 FY2021 % Change Q3 FY2022 % Change FY2022 FY2021 % Change Total Income 1,476 508 191% 399 270% 2,397 1,217 97% Adjusted EBITDA* 439 -72 710% 121 261% 750 150 399% EBITDA** 403 -79 611% 115 250% 705 119 494% Profit before tax
Slide 31: Consolidated Financial Statements - Cashflow
CONSOLIDATED FINANCIAL STATEMENTS - CASHFLOW (INR Cr) Notes Particulars Q4 FY22 FY22 Operating cashflow Total operating cash inflow 2,886 7,771 A Operating cash outflow Construction and related outflow -986 -3,220 Other project related outflow -854 -2,789 Total operating cash outflow -1,841 -6,009 N
Slide 32: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 31.03.2022 As on 31.03.2021 A Assets Unaudited Audited 1 Non Current assets a Property, Plant & Equipment 104.62 101.51 b Right-of-Use Asset 24.73 27.83 c Capital Work-in-Progress 339.49 229.25 d Investment Property 34.03 23.17
Slide 33: Consolidated Financial Statements - BS
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr. No Particulars As on 31.03.2022 As on 31.03.2021 B Equity and Liabilities Unaudited Audited 1 Equity a Equity share capital 138.99 138.97 b Other equity 8,536.40 8,180.65 c Non-controlling interest -1.82 - Total Equity 8,673.57 8,319.62 2 Liabiliti
Slide 34: Financial Analysis
FINANCIAL ANALYSIS Profitability Indicators Particulars Q4 FY2022 Q4 FY2021 Q3 FY2022 FY2022 FY2021 Adjusted EBITDA / Total Income* 29.7% -14.2% 30.4% 31.3% 12.3% EBITDA / Total Income** 27.3% -15.5% 28.8% 29.4% 9.8% PBT Margin % 24.0% -24.6% 17.0% 21.5% -7.0% # Net Profit Margin % 17.5% -37.7% 9.8%
Slide 35: Agenda
AGENDA Overview 01 FY22 Highlights 02 Q4 FY22 Operational Highlights 03 Q4 FY22 Financial Highlights 04 Annexure 05 34 | GODREJ PROPERTIES I RESULTS PRESENTATION Q4 FY22
Slide 36: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) Phase I to IV: Area Based - 73.6% 1 Godrej Garden City* Ahmedabad Residential 14.80 Own Phase V: Revenue Based - 67.6% Ongoing Phase VI: onwards - 17% of Reve
Slide 37: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 18 Sarjapur 5 Bangalore Residential 1.50 Own 100% owned project Forthcoming 19 Bannerghatta Road Bangalore Residential 3.61 Own 100% owned project; ~4.8% Area
Slide 38: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 34 Godrej Park Mumbai Residential 0.77 Own Revenue Based – 56.5% Forthcoming 35 Godrej Vihaa Mumbai Residential 1.30 DM DM Fee – 10% of Revenue Ongoing Profit
Slide 39: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 52 Worli Mumbai Residential 1.27 JV Profit Share - 50% Forthcoming 53 Matunga Mumbai Residential 0.19 Own Revenue Sharing - 89% Forthcoming 54 Godrej Riviera
Slide 40: A. Residential Projects
A. RESIDENTIAL PROJECTS Est. Saleable Asset Ind AS Sr. No. Project Name Location Area Business Model Status Class Classification (mn sq. ft.) 71 Hinjawadi Pune Residential 10.20 JV Forthcoming 72 Manjari Pune Residential 4.06 JV Ongoing 73 Kalyani Nagar Pune Residential 0.50 JV Forthcoming DM - 12.5
Slide 41: B. Commercial Projects
B. COMMERCIAL PROJECTS Est. Saleable/ Asset Ind AS Sr. No. Project Name Location Leasable Area Business Model Status Class Classification (mn sq. ft.) Phase I to IV: Area Based 73.6% 1 Godrej Garden City* Ahmedabad Residential 2.40 Own Phase V : Revenue Based - 67.6% Ongoing Phase VI : onwards - 17%
Slide 42: Thank You
THANK YOU For further information, please contact: Rajendra Khetawat Godrej Properties Limited Tel: +91 22 6169 8500 Fax: +91 22 6169 8888 Email: rajendra@godrejproperties.com
Slide 43: Press Release: Consolidated Financials for Q4 FY22 Results
GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai – 400079 PRESS RELEASE Consolidated Financials for Q4 FY22 Results GPL’s best ever quarter for sales - booking value stood at I
Slide 44: Business Development
Business Development Added 3 new projects with saleable area of ~6.1 million sq. ft. in Q4 FY22 Sonipat, NCR The project acquisition marks GPL’s entry in Sonipat. The site is strategically located, with good connectivity to the Delhi border and national highways and in close proximity to the upcom
Slide 45: Other Highlights and Financial Overview
Other Highlights Highest ever quarterly collection of INR 2,678 crore leading to net operating cash flow of INR 1,045 crore in Q4 FY22 Delivered ~5.8 million sq. ft. across 5 cities in Q4 FY22 GPL received 39 awards in Q4 FY22 and a total of 114 awards in FY22 Commenting on the performance of
Slide 46: About Godrej Properties Limited
About Godrej Properties Limited: Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 125-year legacy of excellence and trust with a commitment to cutting edge design, technology,