Godrej Properties Limited · NSE:GODREJPROP
Godrej Properties — Q2 FY2019 Earnings Presentation
34 slides from Godrej Properties's earnings presentation, Nov 1, 2018
Slide 1: Cover letter to stock exchanges
Godrej Properties Limited Regd. Office: Godrej One, 5” Floor, Pirojshanagar, Eastern Express Highway, Vikbroli (E), Mumbai- 400 079.India Tel.: +91-22-6169 8500 Fax: +91-22-6169 8888 Website: www.godrejproperties.com CIN : L74120MH1985PLC035308 November 1, 2018 BSE Limited Phiroze Jeejeebhoy Towers,
Slide 2: Results Presentation Second Quarter, Financial Year 2019
RESULTS PRESENTATION SECOND QUARTER, FINANCIAL YEAR 2019 Gg | PROPERTIES
Slide 3: Disclaimer
DISCLAIMER Some of the statements in this communication may be ‘forward looking statements’ within the meaning of applicabie laws and regulations. Actual results might differ substantially or materially from those expressed of implied. Important developmenis that could affect the Company's operation
Slide 4: Agenda
AGENDA Overview 01 Q2 FY19 Operational Highlights 02 Q2 FY19 Financial Highlights 03 Annexure 04 3 | GODREJ PROPERTIES | RESULTS PRESENTATION Q2 FY19
Slide 5: Godrej Group
GODREJ GROUP * Established in 1897 © — $5 bn in annual revenue ° 1.1 billion peopie globally use a Godrej product’ * Godrej ranked as 2" most trusted Indian brand? © — $2.8 billion brand valuation by interbrand? « Amongst India’s most aiversified and trusted conglomerates © Reaj estate is a key grow
Slide 6: Godrej Properties
GODREJ PROPERTIES € Established in 1990 India’s targest publicly listed developer by booking vaiuie over the past three years Successiuily de‘iversd 18 million sq. ft. of real estate in the past five years ~745 million sq. ft. of developable area across India Differentiated asset-light business mode
Slide 7: Strengths
STRENGTHS Godrej Brand . Godrej ranked! as the 2” most trusted Indian brand in the Brand Trust Report’ 4.1 billion people globally use a Godrej product GPL brings the Godrej brand's reputation for trust, quatity and corporate governance fo the rea! estate secior ffecti ; r d sn . * Competitive advan
Slide 8: Stock Performance
STOCK PERFORMANCE An investment into GPL’s IPO would be worth ~6x an identical investment into the BSE Realty index Value Creation Track Record i % 1 invested in . 9 year = CAGR in Particulars veiork price January 2010 is now worth Godrej Properties 11.5% 258 \- BSE Sensex 8.5% 2.06 BSE Realty Index
Slide 9: Agenda
AGENDA Overview 07 Q2 FY19 Operational Highlights O 2 Q2 FY19 Financial Highlights 03 Annexure 04 8 {GODREJ PROPERTIES | RESULTS PRESENTATION Q2 FY19
Slide 10: Q2 FY19 Operational Highlights
Q2 FY19 OPERATIONAL HIGHLIGHTS Business : ; 7 ; Development Added 2 new projects with 2.S million sq. ft. of saleable area in Q2 FY19 Sales : Highlights Total booking value stood at INR 807 Cr Gioba! Recognition For : Sustainability Initiatives Ranked 4” in Asia & 8" globally by GRESB (Global Real E
Slide 11: Sales Highlights
SALES HIGHLIGHTS Particulars Q2 FY19 Q2 FY18 Growth Qt FY19 Growth | H1FY19 Hi FY18 | Growth Area Sold* (sq. ft.) 1,068,792 | 71,566,058 -31% 1,169,503 -9% 2,238,295 | 3,355,736 | -33% Booking Value** {INR Cr) 807 1,335 -40% 820 2% 1,627 2,809 ~42% “includes : “Includes : 23,346 sq. ft. of UVP area
Slide 12: Project Booking
PROJECT BOOKING | Particulars i Booking Area (sq. ft.) Booking Value (INR Cr) Residential Projects “geri | EVIS ae neve | ‘Godrs} Reflections, Bangalore ; 903,359 | ‘201 359 ~ j riAlve, thane NB 495,850 85 182 " GodiejEmerid Tae st—«Ci=‘“‘t*‘«é‘s WSCA —e : The Trees, Vichi 35,417 47,245 72 96 : Godr
Slide 13: Business Development
BUSINESS DEVELOPMENT Added 2 new projects with 2.9 million sq. ft. of saleable area in Q2 FY{9 Sector 43, Noida * Entered into a partnership to develop a luxury residential project with saleable area of 2.2 million sq. ft. in Sector 43, Noida * Located within the city-center and in close proximity t
Slide 14: Launch Tracker FY19
LAUNCH TRACKER FY19 Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially beyond initia! expectations Launched ™ On- Track \ Delayed @ New Project Added 13 | GODREJ PROPERTIES | RESULTS PRESENTATION Q2 FY19 New Project Launches Planned in FY1S New Phase Lau
Slide 15: Global Recognition for Sustainability Initiatives
GLOBAL RECOGNITION FOR SUSTAINABILITY INITIATIVES Ranked 4" in Asia & 8" globally by GRESB (Global Real Estate Sustainability Benchmark) 2018 - An industry-driven organization which assesses Environmental, Social and Governance (ESG) performance of real estate globally * GRESB is an industry-driven
Slide 16: Awards and Recognitions
AWARDS AND RECOGNITIONS GPL received 21 awards in Q2 FY19 and a total of 29 awards in H1 FY19 GODREJ PROPERTIES Builder of the Year CNBC-Awaaz Real Estate Awards Daveloper of the Year Gokden Brick Awards 2078 India's Great Brands 2017-18 Asia One - Real Estate Industry's Commercial anc Residential P
Slide 17: Green Building Certifications
GREEN BUILDING CERTIFICATIONS ® Godrej One was selected as one of the finalists by Worid Green Building Council (World GBC) for the Asia Pacific Network (APN) Awards 2078 under the ‘Leadership in Sustainable Design & Performance - Commercial’ category 16 | GODREJ PROPERTIES | RESULTS PRESENTATION Q2
Slide 18: Agenda
AGENDA Overview 074 Q2 FY19 Operational Highlights 02 Q2 FY19 Financial Highlights @) 3 Annexure 04 17 | GODREJ PROPERTIES | RESULTS PRESENTATION Q2 FY19
Slide 19: Consolidated Financial Statements - P&L
CONSOLIDATED FINANCIAL STATEMENTS - P &L 7 7 7 _ ee (INR Cr) Particulars Q2 FY2019 Q2 FY2018 % Change Qi FY2019 i % Change Ht FY2019 HT FY2018 % Change a a re Adjusted EBITDA* = Pi an = 280 [ om = : 316 | 22% epirpan of - ez | Za : 28 cs 7 104 ‘ 288 -19% ee re a ee ra vita 7 a cc i _ | - — Tota’ Inc
Slide 20: Consolidated Financial Statements - BS (Assets)
CONSOLIDATED FINANCIAL STATEMENTS - BS (INR Cr) Sr.No | Particulars As on 30.09.2018 As on 31.03.2018 A Assets Unaudited Audited 1 Non Current assets a Property, plant & equipment 81.82 84.82 | Capital Work-in-Progress 8074 71.87 c Investment Property 244 2.48 d Goodwill 0.04 0.04 e Other intangible
Slide 21: Consolidated Financial Statements - BS (Equity and Liabilities)
CONSOLIDATED FINANCIAL STATEMENTS - BS {INR Gr} Sr.No | Particulars As of 30.09.2018 As on 31.03.2018 | B Equity and Liabilities Unaudited Audited 1 Equity a Equity share capital 114.68. 108.24 b Other equity 2,434.30 1,387.94 Total Equity 2,548.96 1,496.18 2 Liabilities 2.1 | Non Current Liabilitie
Slide 22: Consolidated Cashflow
CONSOLIDATED CASHFLOW {INR CO Notes Particulars a2 FY19 Hi FY19 Operating cashflow Residential sales cash inflow | 948 4,836 Commercial and other cash inflow 162 402 | Total operating cash inflow 1,110 2,238 A Operating cash outflow i Construction and related outflow (460) (966) \ Other project rela
Slide 23: Financial Analysis
FINANCIAL ANALYSIS Q2 FY2018 QU FY2019 «HI Fy2019 H1 FY2018 Profitability Indicators ) Particulars Q2 FY2019 Adjusted EBITDA / Total Income* 22.4% EBITDA / Total Income** 14.5% + PBT Margin % . : 0.8% Net Profit Margin %* 4.3% “Adjusted EBITDA = EBITDA + interes: included in cost of sale “EBTDA = PB
Slide 24: Agenda
AGENDA Overview 014 Q2 FY19 Operational Highlights 02 Q2 FY19 Financial Highlights 03 Annexure O 4 23 | GODREJ PROPERTIES | RESULTS PRESENTATION Q2 FY19
Slide 25: A. Residential Projects
A. RESIDENTIAL PROJECTS S.No Project Name Location Asset Glass Area rnieg. eens hesten Business Model Status 1 {| Godrej Garden City* Ahmedabad Residential 14.80 Own Phase Ay Revenualoaeee tales Ongoing Phase VI onwards - 17% of Revenue 2 | Devanahalli Bangalore Residentiai 5,00 Jv Profit Sharing -
Slide 26: A. Residential Projects
A. RESIDENTIAL PROJECTS 7 7 Est. Saleable Ind AS ‘ S.No Project Name Location Asset Class Area (mn sq. ft} | Classification Business Modei Status . . slanti - 12, 5 19 | Godrej Palm Grove Chennai Residential 1.95 Own. ace ae ee ey acres) Ongeing 20 | Godrej Azure Chennai Residential 4.00 JV Profit S
Slide 27: A. Residential Projects
A. RESIDENTIAL PROJECTS , ; Est. Saleable ind AS 7 S.No Project Name Location Asset Class Area (mn sq. tt) | Classification Business Model Status dre Emerald A i identi q Revenue Based - 64% (GPL holds 20% f 35 | Godrej Mumbai Residential .00 Jv equity in the project spectic company) Ongoing 36 | Go
Slide 28: A. Residential Projects
A. RESIDENTIAL PROJECTS . ; Est. Saleable Ind AS il S.No Project Name Location Asset Class Area (mn sq. ft) | Classification Business Model Status 51 | Kavesar, Thane Mumbai Residential O07 JV oreo in the prosect Forthcoming PMC Fee Rs 400/sq. ft. for 7.7 fac sq. ft. 52. | Godrej Anandam Nagpur Resi
Slide 29: B. Commercial Projects
B. COMMERCIAL PROJECTS . . Est. Saleable Ind AS it S.No Project Name Location Asset Class | , (mn sq. ft} Classification Business Model Status - . Phase | 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 - 1
Slide 30: Thank You
THANK YOU For further information, please contact: Rajendra Khetawat Godrej Properties Limited Tel: +91 22 6189 8500 Fax: +91 22 6169 8888 Email: [email protected]
Slide 31: Press Release: Q2 FY19 Results
| PROPERTIES GODREJ PROPERTIES LIMITED CIN : L74120MH1985PLC035308 Registered and Corporate Office: Godrej One, 5th Floor, Pirojshanagar, Vikhroli (E), Eastern Express Highway, Mumbai — 400079 PRESS RELEASE Q2 FY19 Results e Total Income increased by 36% to INR 473 crore e Total bookings stood at IN
Slide 32: Press Release: Sales and Other Highlights
Fy | PROPERTIES * Strategically located on the main Ghodbunder Road and offers extremely well developed social and civic infrastructure with multiple schools, hospitals, retail malls, residential and commercial spaces in close proximity * Project will be developed in partnership with Godrej Fund Man
Slide 33: Financial Overview (Consolidated)
FY | PROPERTIES Financial Overview (Consolidated) Q2 FY2019 performance overview compared with Q2 FY2018 * Total Income increased by 36% to INR 473 crore from INR 348 crore e EBITDA increased by 43% to INR 69 crore from INR 48 crore e Net profit stood at INR 21 crore as compared to 0 crore e EPS* am
Slide 34: About Godrej Properties Limited
GY | PROPERTIES 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 121~—year legacy of excellence and trust with a commitment to cutting- edge d