Dlf Limited · NSE:DLF
Dlf — Q1 FY08 Earnings Presentation
17 slides from Dlf's earnings presentation, 2007
Slide 1: DLF Ltd. Q1 Analyst Presentation
DLF Ltd. Q1 Analyst Presentation 1
Slide 2: Results at a Glance – Q1
Results at a Glance – Q1 Percentage of Sl.No. Consolidated Financials 1Q FY08 Margins(%) Total Revenue Rs. In Crores A) 1 Sales and Other Receipts 3074 2 Other Income 47 Total Income(A1+A2) 3121 100% B) Total Expenditure(B1+B2+B3) 870 28 1 Construction Cost 747 24 2 Staff cost 53 2 3 Other Expenditu
Slide 3: Balance Sheet – Q1
Balance Sheet – Q1 CONSOLIDATED BALANCE SHEET AS AT JUNE 30, 2007 (Rs. In Millions) Schedule 30-Jun-07 31-Mar-07 SOURCES OF FUNDS Shareholders' funds Capital 1 12,908 12,557 Reserves and surplus 2 125,270 22,992 138,178 35,549 Minority Interests 3 168 92 Loan funds Secured loans 4 94,946 92,053 Unse
Slide 4: Cash Flows – Q1
Cash Flows – Q1 Particulars 30-Jun-07 A. Cash flow from operating activities: Rs. in million Net profit before tax 21,267 Adjustments for: Depreciation 166 Loss/(profit) on sale of fixed assets 3 Provision for doubtful debts 1 Loss/(profit) on sale of current Investments - Interest/gurantee expense
Slide 5: Segment – Homes - Luxury
Segment – Homes - Luxury Particulars 1QFY08 Super Metros Metros Others Sales Booked (msf) Opening Balance 4.83 Booked during Qtr 0.49 Closing Balance 5.32 Under Construction Opening Balance 6.7 New launched 0 Handed Over 0 Closing Balance 6.7 Wt. Average Rate (Sale Price) of Q1 13,179 Wt. Avg Land +
Slide 6: Strategy & Update - Homes
Strategy & Update - Homes • Luxury - Homes •Soft launch of South Delhi in FY 07; 30% sold out – encourages for the future launch of Delhi projects •Launch Chanakyapuri in FY 09 and Tulsiwadi in FY 10. {Relocation in Tulsiwadi already underway} •Consolidate leadership position in across the country i
Slide 7: Segment – Offices
Segment –Offices Particulars 1QFY08 Project Area Super Metros Metros Others Project Name (mln Sq.ft.) Gurgaon 1.08 Lease/Sales Booked (msf) Opening Balance 8.31 Pune IT Park 0.08 Add: Lease Booked during Qtr 1.41 Chennai IT Park 0.13 Add: Sale booked during the Qtr 2.89 Hyderabad IT Park 0.12 Less:
Slide 8: Strategy & Update – Offices
Strategy & Update –Offices • Pre-Lease volumes continue to be robust – in Gurgaon and across the country; current run-rate on annual basis continues to be @12 mln • Current pre-lease as on June 30 is at 11.27m sq. ft. • Rentals in Gurgaon for large volumes between Rs. 55 - 65 per sq. ft. Spot deals
Slide 9: Segment – Retail Malls
Segment –Retail Malls Particulars 1QFY08 Super Metros Metros Others Lease Booked (msf) Project Area Opening Balance 3.2 Project Name (mln Sq.ft.) Lease Booked during Qtr 0.6 Delhi Metropolitan 0.48 Sale booked during the Qtr 0.1 Kolkatta 0.07 Handed Over 0 Chennai 0.05 Closing Balance 3.9 Total 0.6
Slide 10: Strategy & Update – Retail Malls
Strategy & Update –Retail Malls • Vasant Kunj 0.78 msf and Saket Malls 0.85 msf nearing completion – expected Q4: • With scarcity of organized retail space within major metros,the company enjoys enviable position •Substantial progress made during the Quarter, buying strategic sites in various cities
Slide 11: Segment - Hotels
Segment - Hotels •Categorization completed with respect to 18 hotel sites (6,800 rooms);design activity under way •Process of evaluation of “category” underway for 36 hotel sites ( 12,000 rooms) •Progress in dialog with prospective partners for 9 super luxury hotel sites expected closure during the
Slide 12: DLF Laing O' Rourke
DLF LAING O’ ROURKE Projects Under Construction Area SL No. Project (mn. Sq. Ft.) •More JV’s with international contractors W Block Building, DLF Cyber City, DLF City 1 Phase - III, Gurgaon (W-Block) 1 planned – expected sign off in Q2 IT Park Building Project, whitefield Road, 2 2 Mahadevapura, Ban
Slide 13: Significant Milestones Covered in Q1
Significant Miles Stone Covered in Q1 • Won the bid for Dwarka Convention Centre – Largest in India • Received first consignment of 5,000 tons of steel imported from China • Chennai IT Park handed over – total area 1.34 mln sq.ft. •JV with Nakheel • Sole bidder for Bidadi ( Suburb of Bangalore on Ba
Slide 14: Human Resource
Human Resource DLF Group: 3,501 Employees : 2,400 Professional ; added 300 professionals in Q1 JV’s /Associates: ( DLOR,WSP,Hilton,Feedback Ventures) : 1120 Employees – almost all are professionals 14
Slide 15: Our Land Bank
Our Land Bank A DLFsm BUILDING INDIA Metros -- Chennai, Banglore, Kolkata. Super Metros -- Delhi Metropolitan Region & Mumbai Tier | -- Chandigarh, Pune, Goa, Cochin, Nagpur, Hyderabad, Coimbatore & Bhubneshwar Tier Il -- Vadodra, Ghandhi Nagar, Ludhiana, Amritsar, Jalandhar, Sonepat, Panipat, Lockn
Slide 16: DAL vs Non DAL
DAL VS Non DAL DAL Non-DAL Total Particulars (Rs. Crores) Sales 1654 1468 3122 Less: Construction Cost 524 202 726 Less: Overheads 146 122 268 PBT 984 1144 2128 Percentage of Total PBT 46% 54% 100% •During F.Y. 06-07, DAL contributed to 61% of PBT against 46% now. •Projects contracted to DAL : Hyder
Slide 17: DAL vs Non DAL Contd.
DAL VS Non DAL…. Contd. Current year sale value to be around 6 mln sq.ft @ tax free margins of Rs. 4,338/ sq.ft MARGINS Ê At present rentals Yield 9% 7.5% 6% Margins 4,338 5,564 7,403 per sq.ft Ê Lease rentals are increasing continuously and hence margins expected to increase. Ê DLF can increase t