Embassy Developments Limited · NSE:EMBDL
Embassy Developments — Indiabulls Real Estate — FY2018 Earnings Presentation
41 slides from Embassy Developments's earnings presentation, Apr 25, 2018
Slide 1: Indiabulls Real Estate Limited Investor Presentation
Indiabulls Real Estate Limited Investor Presentation 25th April, 2018
Slide 2: Financial Performance
Financial Performance Key Financial Highlights: FY 17-18 IBREL Consolidated FY 17-18 FY 16-17 Revenue from Operations (₹ Cr) 5,926.5 2,320.3 Other Income (₹ Cr) 229.2 524.0 Total Revenues (₹ Cr) 6,155.7 2,844.3 PAT after minority interest (₹ Cr) 2,015.2 396.9 EPS (₹) 42.46 8.66 Key Financial Highlig
Slide 3: Portfolio Summary
Portfolio Summary Indiabulls Real Estate Limited 100% 100% 50% Development Portfolio Office Rental Portfolio JV Portfolio with Blackstone (Associate Company) Area Sales Area Annuity Area Annuity (Mn. sq. Value (Mn. sq. Revenue Rental (Mn. sq. Revenue ft.) (₹ Cr) ft.) (₹ Cr) ft.) (₹ Cr) Under constru
Slide 4: Equity, Net Debt & Ratings
Indiabulls Real Estate Equity, Net Debt & Ratings • Equity – ₹ 7,090 Cr • Net Debt – ₹ 3,416 Cr • Ratings: Credit rating of AA- for Long Term Debt and A1+ for Short Term Debt • The Net Debt is expected to come down significantly in the current financial year with collections from Blu project which i
Slide 5: Summary of Value of Different Parts of IBREL
Summary of Value of Different Parts of IBREL • Equity Value of Development Portfolio (refer to slide 21) – ₹ 18,074 Cr • Equity Value of Owned Office Rental Portfolio (refer to slides 22 to 29) – ₹ 4,143 Cr • Equity Value of 50% in JV Portfolio with Blackstone# (refer to slides 30 to 34) – ₹ 2,250 C
Slide 6: Development Portfolio
Indiabulls REAL ESTATE Development Portfolio
Slide 7: Blu Estate & Club, Worli
Blu Estate & Club, Worli Location Worli, Mumbai Area (Mn. Sq. Ft) 2.28* Total Sales Value (₹ Cr) 10,271 % Area Sold 55.3% Pending Collection from Area Sold (₹ Cr) 2,028 Pending Construction Cost (₹ Cr) 2,066 Net Surplus (₹ Cr) 5,049 Actual image Project location Actual image * The total area in Blu
Slide 8: Indiabulls Greens, Panvel
Indiabulls Greens, Panvel Location Panvel, Navi Mumbai Area (Mn. Sq. Ft) 8.73 Total Sales Value (₹ Cr) 4,488 % Area Sold 82.5% Pending Collection from Area Sold (₹ Cr) 1,550 Pending Construction Cost (₹ Cr) 828 Net Surplus (₹ Cr) 1,867 Actual image Project location McDonalds Kalamboli Circle MGM Hos
Slide 9: Indiabulls Golf City, Savroli
Indiabulls Golf City, Savroli Location Savroli, Navi Mumbai Area (Mn. Sq. Ft) 5.39 Total Sales Value (₹ Cr) 3,226 % Area Sold 16.0% Pending Collection from Area Sold (₹ Cr) 271 Pending Construction Cost (₹ Cr) 1,003 Net Surplus (₹ Cr) 1,987 Actual image Project location NAVI MUMBAI INTERNATIONAL GOL
Slide 10: Centrum Park, Gurgaon
Centrum Park, Gurgaon Location Gurgaon (Sector 103) Area (Mn. Sq. Ft) 2.16 Total Sales Value (₹ Cr) 906 % Area Sold 79.6% Pending Collection from Area Sold (₹ Cr) 69 Pending Construction Cost (₹ Cr) 30 Net Surplus (₹ Cr) 283 Project location Actual image Actual image 10
Slide 11: Enigma, Gurgaon
Enigma, Gurgaon Location Gurgaon (Sector 110) Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 1,116 % Area Sold 90.3% Pending Collection from Area Sold (₹ Cr) 128 Pending Construction Cost (₹ Cr) 40 Net Surplus (₹ Cr) 220 Actual image Project location Actual image 11
Slide 12: One Indiabulls, Gurgaon
One Indiabulls, Gurgaon Location Gurgaon (Sector 104) Area (Mn. Sq. Ft) 4.68 Total Sales Value (₹ Cr) 3,686 % Area Sold 4.5% Pending Collection from Area Sold (₹ Cr) 99 Pending Construction Cost (₹ Cr) 1,256 Net Surplus (₹ Cr) 2,417 CGI Project location CGI 12
Slide 13: Indiabulls City, Sonepat
Indiabulls City, Sonepat Location Sonepat Area (Mn. Sq. Ft) 1.76 Total Sales Value (₹ Cr) 262 % Area Sold 51.1% Pending Collection from Area Sold (₹ Cr) 19 Pending Construction Cost (₹ Cr) 28 Net Surplus (₹ Cr) 134 Actual image Project location CGI 13
Slide 14: One Indiabulls, Vadodara
One Indiabulls, Vadodara Location Vadodara Area (mn. Sq. Ft) 0.23 Total Sales Value (₹ Cr) 83 % Area Sold 17.4% Pending Collection from Area Sold (₹ Cr) 10 Pending Construction Cost (₹ Cr) 10 Net Surplus (₹ Cr) 68 Actual image Project location CGI 14
Slide 15: Indiabulls One 09, Gurgaon
Indiabulls One 09, Gurgaon Location Gurgaon (Sector 109) Area (Mn. Sq. Ft) 1.10 Total Sales Value (₹ Cr) 865 % Area Sold 23.6% Pending Collection from Area Sold (₹ Cr) 136 Pending Construction Cost (₹ Cr) 263 Net Surplus (₹ Cr) 542 Actual image Project location CGI 15
Slide 16: Mega Mall, Jodhpur
Mega Mall, Jodhpur Location Jodhpur Area (Mn. Sq. Ft) 0.65 Total Sales Value (₹ Cr) 363 % Area Sold 33.8% Pending Collection from Area Sold (₹ Cr) 54 Pending Construction Cost (₹ Cr) 82 Net Surplus (₹ Cr) 229 Actual image Project location CGI 16
Slide 17: Indiabulls Seirra, Vizag
Indiabulls Seirra, Vizag Location Vishakhapatnam Area (Mn. Sq. Ft) 0.84 Total Sales Value (₹ Cr) 266 % Area Sold 84.5% Pending Collection from Area Sold (₹ Cr) 91 Pending Construction Cost (₹ Cr) 117 Net Surplus (₹ Cr) 16 Actual image Project location CGI 17
Slide 18: One Indiabulls Thane
One Indiabulls Thane Location Thane Area (Mn. Sq. Ft) 1.40 Total Sales Value (₹ Cr) 1,607 % Area Sold 22.9% Pending Collection from Area Sold (₹ Cr) 281 Pending Construction Cost (₹ Cr) 485 Net Surplus (₹ Cr) 1,095 Project location CGI 18
Slide 19: Hanover Bond, London
Hanover Bond, London Location London Area (Mn. Sq. Ft) 0.14 Total Sales Value (₹ Cr) 5,358 % Area Sold 12.0% Pending Collection from Area Sold (₹ Cr) 474 Pending Construction Cost (₹ Cr) 1,492 Net Surplus (₹ Cr) 3,866 Actual image Project location CGI Exchange rate considered £1 = ₹ 92.28 19
Slide 20: Worli Commercial
Worli Commercial Location Worli, Mumbai Area (Mn. Sq. Ft) 0.26 Total Sales Value (₹ Cr) 765 Pending Construction Cost (₹ Cr) 464 Net Surplus (₹ Cr) 301 Project location CGI 20
Slide 21: Development Portfolio – Net Surplus
Development Portfolio – Net Surplus Net Surplus Project Location (₹ Cr) Blu Estate & Club, Worli Mumbai 5,049 Indiabulls Greens, Panvel Mumbai 1,867 Indiabulls Golf City, Savroli Mumbai 1,987 Centrum Park, Gurgaon NCR 283 Enigma, Gurgaon NCR 220 One Indiabulls, Gurgaon NCR 2,417 Indiabulls City, Son
Slide 22: Owned Office Portfolio
Indiabulls REAL ESTATE Owned Office Portfolio
Slide 23: Owned Office Portfolio – Completed
Owned Office Portfolio – Completed One Indiabulls Park, Chennai Location Chennai Area (Mn. Sq. Ft) 1.90 Annuity Revenue (₹ Cr) 85 Project location Actual image Actual image 23
Slide 24: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 18, Udyog Vihar, Gurgaon Plot 422 Location Gurgaon (Sector 18) Area (Mn. Sq. Ft) 0.25 Annuity Revenue (₹ Cr) 34 Pending Construction Cost (₹ Cr) - Expected in 2019 Project location Actual image Actual image 24
Slide 25: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Phase IV, Udyog Vihar, Gurgaon Plot 412-415 Location Gurgaon (Phase IV) Area (Mn. Sq. Ft) 0.25 Annuity Revenue (₹ Cr) 34 Pending Construction Cost (₹ Cr) - Expected in 2019 Project location Actual image Actual image 25
Slide 26: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 18, Udyog Vihar, Gurgaon Plot 20 Location Gurgaon (Sector 18) Area (Mn. Sq. Ft) 0.50 Annuity Revenue (₹ Cr) 67 Pending Construction Cost (₹ Cr) 196 Expected in 2020 Project location CGI 26
Slide 27: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Indiabulls Mint, Gurgaon Location Gurgaon (Sector 104) Area (Mn. Sq. Ft) 0.40 Annuity Revenue (₹ Cr) 42 Pending Construction Cost (₹ Cr) 125 Expected in 2020 Project location Actual Image CGI 27
Slide 28: Owned Office Portfolio – Under Construction
Owned Office Portfolio – Under Construction Sector 106, Gurgaon Location Gurgaon (Sector 106) Area (Mn. Sq. Ft) 1.16 Annuity Revenue (₹ Cr) 123 Pending Construction Cost (₹ Cr) 474 Expected in 2021 Project location CGI 28
Slide 29: Owned Office Portfolio – Annuity Revenue Summary
Owned Office Portfolio – Annuity Revenue Summary Annuity Revenue Total Annuity Revenue expected in (₹ Cr) FY 2018-19 162 FY 2019-20 272 FY 2020-21 395 29
Slide 30: JV Portfolio with Blackstone (Associate Company)
JV Portfolio with Blackstone (Associate Company) 30
Slide 31: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned One Indiabulls Centre, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.67 Annuity Revenue (₹ Cr) 333 Actual image Actual image 31
Slide 32: JV Portfolio – Completed & Owned
JV Portfolio – Completed & Owned Indiabulls Finance Centre, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.67 Annuity Revenue (₹ Cr) 312 Actual image Actual image 32
Slide 33: JV Portfolio – Under Construction
JV Portfolio – Under Construction Indiabulls Finance Centre – New Tower, Mumbai Location Mumbai Area (Mn. Sq. Ft) 0.82 Annuity Revenue (₹ Cr) 172 Pending Construction Cost (₹ Cr) 399 Expected in 2020 Project location Actual image CGI 33
Slide 34: JV Portfolio – Under Construction
JV Portfolio – Under Construction Sky Forest, Residential Development, Mumbai Location Mumbai Area (Mn. Sq. Ft) 1.63 Total Sales Value (₹ Cr) 3,841 % Area Sold 65.0% Pending Collection from Area Sold (₹ Cr) 549 Pending Construction Cost (₹ Cr) 646 Net Surplus (₹ Cr) 1,412 Project location Actual ima
Slide 35: Detailed Financials
Indiabulls REAL ESTATE Detailed Financials 35
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet Balance Sheet as on 31 March 2018 (Consolidated - Audited) Amount in ₹ Crore As on March 31, As on March 31, 2018 2017 Audited Audited ASSETS Non-current assets (a) Property, plant and equipment 60.32 128.65 (b) Capital work-in-progress - 0.96 (c) Investment property 891.0
Slide 37: Consolidated Balance Sheet (Contd.)
Consolidated Balance Sheet (Contd.) Balance Sheet as on 31 March 2018 (Consolidated - Audited) Amount in ₹ Crore As on March 31, As on March 31, 2018 2017 Audited Audited EQUITY AND LIABILITIES Equity (a) Equity share capital 94.93 87.18 (b) Instruments entirely in the nature of equity 1,048.28 - (c
Slide 38: Consolidated Income Statement
Consolidated Income Statement Amount in ₹ Crore Preceding 3 Corresponding 3 Current year Previous year 3 months ended months ended Particulars months ended ended ended 31 March 2018 31 December 31 March 2017 31 March 2018 31 March 2017 2017 1 Income from operations a) Revenue from operations 2,028.0
Slide 39: Corporate Social Responsibility
Corporate Social Responsibility 39
Slide 40: Indiabulls Foundation: Corporate Social Responsibility
Indiabulls Foundation: Corporate Social Responsibility Best Overall Excellence in CSR award at National Awards for Excellence in CSR & Sustainability 2016 Health Free Mobile Medical Vans Transforming Mokhada (a taluka adopted Mokhada - Free primary doorstep healthcare facility to bring about sustain
Slide 41: Thank you
Thank you This document contains certain forward‐looking statements based on current expectations of Indiabulls Real Estate Ltd.'s (CIN: L45101DL2006PLC148314) management. Actual results may vary significantly from the forward‐looking statements in this document due to various risks and uncertaintie
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