Slide 1: Exchange filing cover letter for Q1 FY24 results presentation
To, To, The Assistant Manager, The General Manager, National Stock Exchange of India Limited BSE Limited, Listing Department, Corporate Relationship Department, ‘Exchange Plaza’, 1st Floor, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Bandra (East), Dalal Street, Mumbai – 400051 Mumbai – 400001
Slide 2: Kolte-Patil Developers Limited Results Presentation Q1 FY24
Kolte-Patil Developers Limited Results Presentation Q1 FY24
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward- looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those
Slide 4: Table of Contents
Table of Contents KPDL – Key 1 Unleashing 2 Highlights 3 Priority Launches Possibilities Abridged Cash Performance Flows & P&L 4 Highlights 5 6 Snapshot Consolidated Debt Profile Project About Kolte-Patil 7 Portfolio 8 Outlook 9 Developers Ltd. 3
Slide 5: Kolte-Patil Developers: At a Glance
Kolte-Patil Developers: At a Glance Leading 3 Decades ~35 MSF Residential real estate player Project portfolio - under of presence being in Pune execution, approval, land incorporated in 1991 (Awarded as Most Reputed Brand in Pune) bank and DMA Diversifying Presence > 26 MSF ~14% Mumbai and Bengalur
Slide 6: Kolte-Patil Developers - Unleashing Possibilities
Kolte-Patil Developers - Unleashing Possibilities • Successive years of debt • Strengthening geographical • Broad-based presence • Strategic, operational and reduction diversification selectively across cities financial prudence • Consistently positive • Contribution to Sales by FY25 • Leveraging br
Slide 7: Business Development Strategy
Kolte-Patil Developers – Business Development Strategy Acquire projects with GDV of Rs. 8,000 crore in FY24 across Pune, Mumbai and Bengaluru Pune to contribute 70% to sales by FY25 • Acquire additional projects with top-line potential of Rs. 5,000 crore in FY24 • Strengthen presence in the existing
Slide 8: Key Highlights
Key Highlights FY24 New Launches till date 1 • Launched five projects with saleable area ~2.72 msf and topline potential of Rs. 1,985 crore 2 Business Development – Acquired projects with total estimated saleable area of ~3 msf and topline potential of Rs. 3,450 crore Sr. No. Region Saleable Area (m
Slide 9: Operational Highlights – Q1 FY24
Operational Highlights – Q1 FY24 New area sales Q1FY24 Q4FY23 Q1FY23 QoQ YoY FY23 FY22 YoY Volume (million sq. ft.) 0.93 0.97 0.61 -5% 52% 3.27 2.71 21% Value (Rs. Crore) 701 704 445 -0.4% 58% 2,232 1,739 28% Realization (Rs./sq. ft.) 7,545 7,225 7,260 4% 4% 6,817 6,407 6% Collections (Rs. Crore) 51
Slide 10: Region-wise Sales – Q1 FY24
Region-wise Sales – Q1 FY24 Total Area Sold Total Sales Value Total Collection Total Projects 0.93 msf Rs. 701 crore Rs. 513 crore 0.90 msf RS. 646 crore RS. 383 crore Pune (97%) (92%) (75%) Mumbai 0.03 msf Rs. 55 crore Rs. 130 crore + Bengaluru (3%) (8%) (25%) 9
Slide 11: Sales & Collections – Ongoing Projects – Q1 FY24
Sales & Collections – Ongoing Projects – Q1 FY24 Projects Location Area Sold (msf.) Sales Value (Rs. Crore.) APR (Rs./sft.) Collections (Rs. Crore.) Life Republic Hinjewadi 0.39 250 6,382 144 Universe(R10) ,LR Hinjewadi 0.13 86 6,825 46 24K Altura (Baner) Baner 0.27 242 9,105 10 Stargaze Bavdhan 0.0
Slide 12: New Sales Analysis – Q1 FY24
New Sales Analysis – Q1 FY24 Volume 0.35 0.56 0.85 0.78 0.40 0.67 0.86 0.781.13 0.61 0.56 msf. (msf.) 0.67 0.86 0.61 0.56 0.97 0.93 68% 58% 56% 41% 41% 34% 34% 31% 31% 25% 23% 23% 22% 22% 21% 21% 19% 19% 18% 17% 17% 16% 16% 15% 13% 12% 12% 11% 10% 10% 9% 8% 8% 6% 5% 4% 3% 1% 0% 0% Q2 FY22 Q3 FY22 Q4
Slide 13: Priority Launches
Priority Launches Phase I launch Phase I launch Total Saleable Topline Projects Location Use potential potential Area (msf.) Potential (msf) (In Crore) Kiwale Kiwale Residential 2.50 1,400 0.80 450 Pimple Nilakh Pimple Nilakh Residential 0.80 800 #0.30 #300 FY23 - Launches Summary Baner Baner Mixed
Slide 14: Mumbai Metropolitan Region - Expanding Footprint
Mumbai Metropolitan Region - Expanding Footprint Shree Avadhoot (Dahisar East) Opp. Subway, St. Mary School Vaayu (Dahisar West) Near Mary Immaculate Girls School Evara (Borivali West) Near. McDonald's, S V Road Jal Nidhi (Goregaon West) Verve (Goregaon West) Walking distance from Inorbit mall, adja
Slide 15: Performance Highlights – Annual
Performance Highlights – Annual Sales Value (Rs. crore) Sales Volume (msf) APR (Rs./sft.) 2,232 3.27 6,817 2.70 2.71 6,407 1,739 2.51 5,785 5,302 5,309 1,432 2.08 1,331 1,201 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Collections (Rs. crore) Delivery (msf) Net Debt (R
Slide 16: Performance Highlights – Quarterly
Performance Highlights – Quarterly Sales Value (Rs. crore) Sales Volume (mn. sq. ft.) APR (Rs./sft.) Collections (Rs. crore) 1.13 716 704 701 0.97 7,545 589 0.93 7,260 7,225 6,622 513 6,339 474 435 404 445 0.61 367 0.56 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24
Slide 17: Abridged Cash Flows
Abridged Cash Flows Q1 FY24 FY23 Abridged Cash flows - (Rs. crore) Un-Audited Un-Audited Opening Balance* - A 452 350 Operating Activities: Collections 491 1805 Construction Cost -282 -894 Other Expenses -91 -244 Direct & Indirect Taxes -31 -138 Operating Cashflow – B 87 529 Financing Activities: In
Slide 18: Consolidated – Debt Profile
Consolidated – Debt Profile Consolidated Debt Profile (Rs. crore) 30th June, 2023 31st Mar, 2023 CCM CCM Net Worth 1,094 1,046 Gross Debt 729 542 Less: OCD/CCD/OCPRS/Zero Coupon NCDs 372 73 Debt 357 468 Less: Cash & Cash Equivalents & Current Investments** 339 356 Net Debt 17 112 Net Debt/Equity 0.0
Slide 19: Consolidated Profit and Loss Snapshot
Consolidated Profit and Loss Snapshot P&L Snapshot (Rs. crore) Q1 FY24 Q4 FY23 Q1 FY23 QoQ YoY Revenue from Operations 571.2 796.9 200.1 -28.3% 185.4% EBITDA 91.2 173.4 46.9 -47.4% 94.4% EBITDA Margin (%) 16.0% 21.8% 23.4% - - Profit before tax 58.8 172.0 40.1 -65.8% 46.6% PBT Margin 10.3% 21.6% 20.
Slide 20: KPDL Project Portfolio – 30.06.23
KPDL Project Portfolio – 30.06.23 Gross Details (including partner’s share) Gross Details (including partner’s share) Projects KPDL Ongoing & Under KPDL Ongoing & Under Land Bank Total Projects (Mumbai) Land Bank Total (Pune Excl. LR) Share Unsold Approval Share Unsold Approval 24K Altura (Baner) 10
Slide 21: Business Outlook
Business Outlook Sector consolidation Diversifying geographical presence Efficient capital deployment • Formalization of the Indian real estate sector, driven • 13 society redevelopment projects in Mumbai • Continue to evaluate strategic and financial by conducive legislations now in place and furth
Slide 22: Awards and Recognitions
Awards and Recognitions - KPDL received 60+ awards in the last five years KPDL Awards Legacy Brand in Real Estate – Pune, Most Iconic Luxury Brand in Real Trusted Brand of the Year, Times Top Developer of the year, Times Real Times Power Brands, 2023 Estate,24K, ET Business Awards, 2022 Realty,2021-
Slide 23: About Kolte-Patil Developers Ltd.
About Kolte-Patil Developers Ltd. Kolte-Patil Developers Ltd. (BSE: 532924, NSE: KOLTEPATIL; KPDL), incorporated in 1991, is a leading real estate company with dominant presence in the Pune residential market, and growing presence in Mumbai and Bengaluru. Kolte-Patil is a trusted name with a reputat