Dlf Limited · NSE:DLF
Dlf — Q2 FY08 Earnings Presentation
18 slides from Dlf's earnings presentation, November 2007
Slide 1: DLF Limited Q2 Analyst Presentation
DLF Limited Q2 Analyst Presentation 1
Slide 2: Results at a Glance – Q2
Results at a Glance – Q2 Q2 FY08 Q1 FY08 Percentage Percentage Sl.No. Consolidated Financials Rs. Crs. of Total Rs. Crs of Total Revenue Revenue A) 1 Sales and Other Receipts 3,250 3,074 2 Other Income 99 47 Total Income(A1+A2) 3,349 100% 3,121 100% B) Total Expenditure(B1+B2+B3) 986 29 870 28 1 Con
Slide 3: Consolidated Balance Sheet – Q2
Consolidated Balance Sheet – Q2 (Rs. In Millions) Schedule 30-Sep-07 30-Jun-07 31-Mar-07 SOURCES OF FUNDS Shareholders' funds Capital 1 12,908 12,908 12,557 Reserves and surplus 2 145,832 125,270 22,992 158,740 138,178 35,549 Minority Interests 3 1,364 168 92 Loan funds Secured loans 4 68,657 94,946
Slide 4: Cash Flows – Q2
Cash Flows – Q2 Rs. in million Half year ended Quarter ended Particulars 30-Sep-07 30-Jun-07 A. Cash flow from operating activities: Net profit before tax 44,752 21,267 Adjustments for: Depreciation 275 166 Loss/(profit) on sale of fixed assets, net 2 3 Provision for doubtful debts - 1 Loss/(profit)
Slide 5: Segment –Offices
Segment –Offices Particulars Q1 FY08 Q2 FY08 mn sqft mn sqft h Lease/Sales Booked (msf) Project Name Q2 mn sqft Opening Balance 8.31 11.27 Gurgaon 0.75 Add: Booked during Qtr 4.30 2.45 Less: Handed Over 1.34 2.24 Pune IT Park 0.11 Closing Balance 11.27 11.48 Sub Total - Lease 0.86 Gurgaon 0.64 Under
Slide 6: Strategy & Update –Offices
Strategy & Update –Offices • Handing Over : 9 Hyderabad IT Park 9 Noida IT Park 9 Cyber City Gurgaon ~ Two Blocks •Construction Commenced during the Quarter : 9 Cyber City IT SEZ 9 Cyber City IT Park 9 Gandhi Nagar, Gujarat • New Acquisitions : 9 Tidel Park II ~ DLF Won the bid as Preferred Bidder o
Slide 7: Segment –Retail– Malls and Commercial Complexes
Segment –Retail– Malls and Commercial Complexes Particulars Q1 FY08 Q2 FY08 mn sqft mn sqft Lease Booked (msf) Opening Balance 3.21 3.90 Booked during Qtr 0.69 1.07 Project Name Q2 mn sqft Handed Over 0.00 0.00 Delhi 0.89 Closing Balance 3.90 4.97 Gurgaon 0.18 Total 1.07 Under Construction Opening B
Slide 8: Update –Retail- Malls & Commercial Complexes
Update –Retail- Malls & Commercial Complexes • New Acquisitions: • Ludhiana Mall • Retail Portion of Dwarka Convention Centre • Retail portion of SBM - Delhi • Hyderabad-Banjara Hills 8
Slide 9: Update – Retail- Malls & Commercial Complexes
Update – Retail- Malls & Commercial Complexes • New Launches Projected in Q3 • Project Ludhiana : DLF Ludhiana Commercial Complex , Punjab a combination of Retail Shopping Mall and Office space sprawled over 2 acres • Significant Event • Development of 2.5 mn sq. ft. commercial centre in DLF Phase V
Slide 10: Segment – Homes
Segment – Homes Particulars I Q FY 08 II Q FY 08 Total mn sqft Total mn sqft Luxury Super Luxury Total Luxury Super Luxury Total Sales Booked (msf) Opening Balance 4.83 0.00 4.83 4.93 0.39 5.32 Booked during Qtr 0.10 0.39 0.49 0.11 0.00 0.11 Closing Balance 4.93 0.39 5.32 5.04 0.39 5.43 Under Constr
Slide 11: Strategy & Update - Homes
Strategy & Update - Homes • Bidadi Township : DLF has received the LOI ( Letter of Intent ) to build an integrated township spread over 9000 acres on the outskirts of Bangalore with potential value creation of approx Rs. 50,000 Cr. DLF will develop the project in a 50 : 50 joint venture with Dubai-b
Slide 12: Strategy & Update - Homes
Strategy & Update - Homes • New Launches Projected in Q3 • Project VYTILLA : DLF Riverside, Kochi located on an extensive, idyllic waterfront of the Chilavannoor River, Riverside, a residential condominium of 176 apartments spread over 5 acres already Launched in Oct-07 (Brought forward from Q4). 37
Slide 13: Segment- SEZ / Large Township
Segment- SEZ / Large Township Detailed Mapping of land & Government Approvals almost completed Organization in place to execute the projects Partners / Consultants identified Financial Structure under discussion Land acquisition to begin within Q3 Plan for Integrated Enclaves of Internat
Slide 14: Segment - Hotels
Segment - Hotels • DLF Hotel Holdings Limited fully functional to meet the strategic initiative of the group. • Hotel projects at New Delhi, Kolkata, Chennai, Bangalore, Mysore, Bhubaneshwar, Kochi and Hyderabad are at an advanced stage of Design and Development, under Joint Venture with Hilton Inte
Slide 15: Enhancing Execution Capability in Construction
Enhancing Execution Capability in Construction Design & Engineering : Engaged more local and overseas consultants & architects. Adopted construction friendly innovative designs on pan India basis with stress on standardization so as to use the same type of formwork in multiple projects. Updated
Slide 16: Human Resource
Human Resource DLF Group had recruited 561 people during the quarter, mostly Professionals. Non Professional 4% Professional Non Technical 33% 64% Professional Technical CLASSIFICATION No. of Additions Professional Non technical 183 Professional Technical 357 Non Professional 21 16
Slide 17: Our Land Reserves
Our Land Reserves Mn Sqft Total Super Metros Metros Tier-I Tier-II Segment Office 141 58 42 30 11 Retail 106 35 41 14 16 Super Luxury 4 4 0 0 0 Luxury 48 38 7 2 0 Mid income/Villas/Plots* 439 121 243 59 15 Grand Total 738 257 333 105 43 % 35% 45% 14% 6% * Given the strong financial position, , the s
Slide 18: DAL VS Non DAL Q2
DAL VS Non DAL Q2 Jul-07 to Sep-07 DAL Non-DAL Total Particulars (Rs. Crores) Sales 1387 1963 3350 Less: Construction Cost 303 456 759 Less: Overheads 100 143 243 PBT 984 1364 2348 Percentage of Total PBT 42% 58% 100% Apr – 07 to Jun – 07 DAL Non-DAL Total Particulars (Rs. Crores) Sales 1654 1468 31