Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q4 FY2019 Earnings Presentation
35 slides from Oberoi Realty's earnings presentation, May 10, 2019
Slide 1: Result Update Q4FY19
Oberoi Realty Limited Result Update Q4FY19 May 10, 2019
Slide 2: Key Developments
Key Developments Crossed Rs 2,500 crore of topline in a financial year for the first time Oberoi Mall achieved highest revenue of over Rs. 150 cr in FY2019 Awards Oberoi Realty recognised as the “Most Respected Real Estate Brand of the Year-India” – Grohe Hurun Commerz II received 1st runner
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 2
Slide 4: Balance sheet summary FY19
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars FY19 FY18 Non-current assets 4,14,282 3,79,158 Current assets 6,98,572 6,43,315 Total 11,12,854 10,22,473 Equity 8,02,917 6,09,237 Non-current liabilities 79,300 83,096 Current liabilities 2,30,637 3,30,140 T
Slide 5: Cash flow and cash balances
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Opening Cash and Cash Equivalents 97,379 1,28,886 10,964 13,251 49,417 Operating Cash Flows (11,753) (2,058) 19,905 14,556 (20,221) Investing Cash Flows (37,611) (66,614) (12,06
Slide 6: Assets detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars FY19 FY18 Non-current assets Fixed assets (including CWIP) 1,18,765 1,08,898 Financial assets 2,60,399 2,41,066 Deferred tax assets (net) 13,478 14,579 Other non-current assets 21,640 14,615 Total non-current
Slide 7: Liabilities detail
Financial Update Investment Properties Development Properties Amount in Rs Lakh Particulars FY19 FY18 Non-current liabilities Financial liabilities i) Borrowings 58,851 67,864 ii) Trade Payables 2,390 1,464 iii) Others 11,685 8,451 Provisions 197 166 Deferred tax liabilities (Net) 3,083 3,705 Other
Slide 8: Statement of profit and loss
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Revenue from Projects 43,658 39,386 23,753 2,06,911 85,353 Revenue from Hospitality 3,697 3,612 3,382 13,514 12,782 Revenue from Rent 8,798 8,485 6,162 32,337 23,3
Slide 9: Margins and return ratios
Financial Update Investment Properties Development Properties Particulars FY19 FY18 Adjusted EBITDA* Margin (Including Non Operating 51.25% 54.32% Income) Adjusted EBITDA* Margin (Excluding Non Operating 49.76% 53.36% Income) PAT Margin 30.70% 35.51% RONW# 11.67% 7.83% ROCE# 9.69% 6.54% Gross Debt/E
Slide 10: Segment results
Financial Update Investment Properties Development Properties Amount in Rs Lakh Property * Particulars Total Residential Rental Hospitality Management Services Q4FY19 43.12% 34.37% 96.20% 40.18% -12.20% Total Revenues 59,730 45,764 8,997 3,778 1,191 Adjusted EBITDA** 25,758 15,730 8,655 1,518 (145)
Slide 11: Share price performance versus indices
Index 30.00 40.00 50.00 60.00 70.00 80.00 90.00 20.00 110.00 120.00 130.00 140.00 150.00 160.00 170.00 190.00 200.00 210.00 220.00 100.00 180.00 20-Oct-10 5-Dec-10 20-Jan-11 7-Mar-11 22-Apr-11 7-Jun-11 23-Jul-11 7-Sep-11 23-Oct-11 8-Dec-11 23-Jan-12 Financial Update 9-Mar-12 24-Apr-12 9-Jun-12 25-Ju
Slide 12: Shareholding pattern
Financial Update Investment Properties Development Properties Category 31-Mar-19 31-Dec-18 30-Sep-18 30-Jun-18 31-Mar-18 Promoter and Promoter Group 67.70% 67.70% 67.70% 67.70% 72.49% Foreign Institutional Investors (FIIs) 25.38% 25.40% 25.54% 26.44% 21.98% Domestic Institutional Investors (Institut
Slide 13: Investment properties overview
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 318,118sqft. GLA: 782,674 sqft. 269 rooms GLA: 552,893 sqft. 12
Slide 14: Investment Properties: Oberoi Mall
Financial Update Investment Properties Development Properties Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Operating Revenue (Rs. Lakh) 3,896 3,890 2,904 15,080 11,046 EBITDA (Rs. Lakh) 3,737 3,714 2,802 14,350 10,433 EBITDA Margin (%) 95.93% 95.48% 96.49% 95.16% 94.45% Occupancy (%) 96.71% 96.85% 99.
Slide 15: Investment Properties: Commerz
Financial Update Investment Properties Development Properties Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Operating Revenue (Rs. Lakh) 1,040 1,040 1,113 4,163 4,534 EBITDA (Rs. Lakh) 1,010 986 1,216 4,039 4,609 EBITDA Margin (%) 97.10% 94.81% 109.22% 97.01% 101.66% Occupancy (%)* 77.35% 77.74% 82.13%
Slide 16: Investment Properties: Commerz II
Financial Update Investment Properties Development Properties Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Operating Revenue (Rs. Lakh) 2,568 2,260 1,270 8,344 4,809 EBITDA (Rs. Lakh) 2,380 2,053 1,073 7,536 4,002 EBITDA Margin (%) 92.70% 90.81% 84.49% 90.32% 83.23% Occupancy (%) 74.37% 63.66% 47.52%
Slide 17: Hospitality: Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Operating Revenue (Rs. Lakh) 3,718 3,691 3,403 13,705 12,868 EBITDA (Rs. Lakh) 1,458 1,369 960 4,959 4,203 EBITDA Margin (%) 39.22% 37.08% 28.19% 36.18% 32.66% Number of Rooms 269 269 269 269 269
Slide 18: Financial Update: Development Properties
Financial Update Investment Properties Development Properties 17
Slide 19: Residential projects summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Value Project Residential Projects Est. Area Recognised Till Date on Date till Date Completion till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) Seven 39,550 33,900 5,650 5,000 5,000 100%
Slide 20: Residential projects booked in Q4FY19
Financial Update Investment Properties Development Properties Amount Revenue Area Booked Units Booked Sales Value Residential Projects Collected in Recognised in Q4FY19 in Q4FY19 for Q4FY19 Q4FY19 in Q4FY19 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Exquisite - - 12 762 12 Esquire 46,700 19 9,7
Slide 21: Esquire project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Date Estimated Total Area (sqft.) 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 21,22,031 Estimated Total Units (nos.) 882 882 882 882 882 882 Area Booked (sqft) 46,700 29,865 42
Slide 22: Eternia
Financial Update Investment Properties Development Properties Artist Impression 21
Slide 23: Eternia project status
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2019 Project status as on Dec 31, 2018 22
Slide 24: Eternia project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Date Estimated Area of Project (sqft.) 21,48,000 21,48,000 16,96,820 21,48,000 16,96,820 21,48,000 Estimated Total Units (nos.) 1,277 1,277 1,057 1,277 1,057 1,277 Area opened for bo
Slide 25: Enigma
Financial Update Investment Properties Development Properties 24
Slide 26: Enigma project status
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2019 Project status as on Dec 31, 2018 25
Slide 27: Enigma project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Date Estimated Area of Project (sqft.) 19,89,000 19,89,000 16,12,045 19,89,000 16,12,045 19,89,000 Estimated Total Units (nos.) 662 662 619 662 619 662 Area opened for booking (sqft.
Slide 28: Sky City
Financial Update Investment Properties Development Properties Artist Impression 27
Slide 29: Sky City project status
Financial Update Investment Properties Development Properties Project status as on Mar 31, 2019 Project status as on Dec 31, 2018 Artist Impression 28
Slide 30: Sky City project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Date Estimated Area of Project (sqft.) 45,93,000 45,93,000 39,92,754 45,93,000 39,92,754 45,93,000 Estimated Total Units (nos.) 2,966 2,966 2,357 2,966 2,357 2,966 Area opened for bo
Slide 31: Three Sixty West project status
Financial Update Investment Properties Development Properties Project Status as on Mar 31, 2019 Amount spent in Q4FY19 : Rs. 180.49 crore 30
Slide 32: Three Sixty West project metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q4FY19 Q3FY19 Q4FY18 FY19 FY18 Date Estimated Area of Project (sqft.) 22,82,346 22,82,346 23,71,278 22,82,346 23,71,278 22,82,346 * Area Booked (sqft) 24,420 (2,052) 9,562 1,09,275 1,01,118 5,51,544 * Units Booked
Slide 33: Investor Relations contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance saumil.daru@oberoirealty.com Mayank Kapoor EA to MD and Investor Relations mayank.kapoor@oberoirealty.com For any further information please write to ir@oberoirealty.com or contact on (+91 22) 6677 3333 32
Slide 34: Notes
Notes 1. Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year. 2. Total are
Slide 35: Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed t