Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q2 FY2012 Earnings Presentation
31 slides from Oberoi Realty's earnings presentation, Oct 15, 2011
Slide 1: Result Update Q2FY12
Oberoi Realty Limited Developing Destinations Result Update Q2FY12 - October 15, 2011 O<€ i a Ea EA LT Y
Slide 2: Disclaimer
This presentation has been prepared by Oberoi Realty Limited (ORL) and does not constitute a prospectus or placement memorandum or an offer to acquire any securities of ORL. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed t
Slide 3: Key highlights: I-Ven stake acquisition, awards and recognition
• Acquisition of 50% stake in I-Ven Realty Limited, Worli • Awarded the construction contract of Oasis Realty, Worli to Samsung C&T • Awards and Recognition • Selected as one of India’s Top 10 Builders by CONSTRUCTION WORLD and CW INTERIORS • Commerz has emerged the First Runner-Up in the “Commercia
Slide 4: Financial Update
Financial Update Investment Properties Development Properties 4
Slide 5: Consolidated balance sheet summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars H1FY12 FY11 Net Fixed Assets Including CWIP 96,781 96,909 Goodwill on Consolidation 26,537 Nil Investments 15,664 6,501 Net Working Capital 219,382 231,260 Deferred Tax Asset / (Liability) (184) 87 Total Ass
Slide 6: Cash flow summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Opening Cash and Cash Equivalents 156,462 146,431 48,011 146,431 43,967 Operating Cash Flows 8,665 5,487 8,384 14,152 14,359 Investing Cash Flows (28,857) 5,076 (5,753) (23
Slide 7: Net working capital breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars H1FY12 FY11 Current Assets (A) Cash and Bank Balance 119,027 139,930 Inventories 94,622 77,420 Sundry Debtors 6,350 4,675 Other Current Assets 1,044 1,644 Loans and Advances 84,526 71,711 Total - A 305,569 2
Slide 8: Profit and loss summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Revenue from Projects 16,360 10,153 12,340 26,513 24,419 Revenue from Rent 3,219 3,171 2,650 6,390 5,259 Revenue from Hospitality 1,882 2,061 1,395 3,943 2,072
Slide 9: Key financial ratios
Financial Update Investment Properties Development Properties Particulars H1FY12 FY11 FY10 FY09 FY08 EBITDA (Including Non Operating Income) / Total 53.68% 57.94% 59.29% 58.15% 50.37% Revenue EBITDA (Excluding Non Operating Income) / Total 62.36% 60.43% 60.09% 60.87% 54.58% Operating Revenue PAT Mar
Slide 10: Segment results
Financial Update Investment Properties Development Properties Property Particulars Total Residential Rental Hospitality Management Services H1FY12 53.68% 51.18% 95.74% 18.59% -2.15% Operating Revenue 38,350 26,825 6,415 3,988 1,122 EBITDA (Excluding Other Income) 20,588 13,728 6,142 741 (24) H1FY11
Slide 11: Share price performance versus Sensex and BSE Realty Index
Financial Update Investment Properties Development Properties 120.00 110.00 100.00 86 90.00 Index 80.00 86 70.00 60.00 50.00 48 40.00 04/Mar/11 19/Mar/11 30/Sep/11 15/Sep/11 03/Apr/11 18/Apr/11 04/Nov/10 19/Nov/10 01/Aug/11 16/Aug/11 31/Aug/11 03/Jan/11 18/Jan/11 03/May/11 18/May/11 02/Feb/11 17/Feb
Slide 12: Shareholding pattern
Financial Update Investment Properties Development Properties Sep 30, Jun 30, Mar 31, Dec 31, Category 2011 2011 2011 2010 Promoter and Promoter Group 78.49% 78.49% 78.49% 78.49% Private Equity Investor (Invested in Jan 2007; Lock in ends October 9.46% 9.46% 9.46% 9.46% 2011) Foreign Institutional I
Slide 13: Investment Properties
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 552,893sqft. GLA: 364,888sqft. 269 rooms 13
Slide 14: Commerz performance
Financial Update Investment Properties Development Properties Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Operating Revenue (Rs. Lakh) 1,977 1,912 1,521 3,889 3,026 EBITDA (Rs. Lakh) 1,905 1,847 1,417 3,752 2,752 EBITDA Margin (%) 96.33% 96.61% 93.14% 96.46% 90.95% Occupancy (%) 94.17% 94.36% 89.
Slide 15: Commerz II performance
Financial Update Investment Properties Development Properties Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Operating Revenue (Rs. Lakh) 1,091 1,091 1,128 2,179 2,260 EBITDA (Rs. Lakh) 1,041 1,038 1,110 2,079 2,175 EBITDA Margin (%) 95.66% 95.41% 98.47% 95.40% 96.24% Occupancy (%) 75.60% 75.60% 77.
Slide 16: The Westin Mumbai Garden City hotel performance
Financial Update Investment Properties Development Properties Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY1 Operating Revenue (Rs. Lakh) 1,905 2,083 1,380 3,988 2,072 EBITDA (Rs. Lakh) 279 462 (65) 741 (288) EBITDA Margin 14.65% 22.20% -4.72% 18.59% -13.88% Number of Rooms 269 269 269 269 269 Averag
Slide 17: Investment Properties project status
Financial Update Investment Properties Development Properties Project Status as on September 30, 2011 Project Status as on June 30, 2011 17
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 18
Slide 19: Residential projects summary
Financial Update Investment Properties Development Properties Sales Revenue Base Price Area Sold Inventory Project Residential Projects Est. Area Value Recognised of Last Till Date As on Date Completion Till Date Till Date Transaction (sqft.) (sqft.) (sqft.) (Rs.Lakh) (Rs.Lakh) (%) (Rs./sqft.) Obero
Slide 20: Residential projects Q2FY12 sales
Financial Update Investment Properties Development Properties Sales Amount Revenue Area Sold For Units Sold For Residential Projects Value Collected in Recognised in Q2FY12 Q2FY12 For Q2FY12 Q2FY12 Q2FY12 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Oberoi Esquire 126,985 52 14,859 10,759 - Obero
Slide 21: Oberoi Exquisite project status
Financial Update Investment Properties Development Properties Project Status as on September 30, 2011 Project Status as on June 30, 2011 21
Slide 22: Oberoi Exquisite sales metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Date Estimated Total Area (sqft.) 1,506,810 1,506,810 1,506,810 1,506,810 1,370,438 1,506,810 Estimated Total Units (nos.) 786 786 786 786 736 786 Area Sold (sqft.) 19,500 13,250
Slide 23: Oberoi Esquire project status
Financial Update Investment Properties Development Properties Project Status as on September 29, 2011 Project Status as on June 30, 2011 23
Slide 24: Oberoi Esquire sales metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Date Estimated Total Area (sqft.) 1,970,530 1,970,530 NA 1,970,530 NA 1,970,530 Estimated Total Units (nos.) 846 846 NA 846 NA 846 Area Sold (sqft.) 126,985 166,835 NA 293,820 NA
Slide 25: Oberoi Splendor Grande project status
Financial Update Investment Properties Development Properties Project Status as on September 30, 2011 Project Status as on June 30, 2011 25
Slide 26: Oberoi Splendor Grande sales metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Date Estimated Total Area (sqft.) 283,920 283,920 NA 283,920 NA 283,920 Estimated Total Units (nos.) 156 156 NA 156 NA 156 Area Sold (sqft.) 30,940 27,300 NA 58,240 NA 140,140 Un
Slide 27: Oberoi Splendor sales metrics
Financial Update Investment Properties Development Properties Project Till Particulars Q2FY12 Q1FY12 Q2FY11 H1FY12 H1FY11 Date Estimated Total Area (sqft.) 1,279,152 1,279,152 1,279,152 1,279,152 1,279,152 1,279,152 Estimated Total Units (nos.) 1,296 1,296 1,296 1,296 1,296 1,296 Area Sold (sqft.) 2
Slide 28: Project status with artist's impression
Financial Update Investment Properties Development Properties Artist’s Impression Project Status as on September 30, 2011; Amount as part of Inventory is Rs. 54.74 Crore 28
Slide 29: Project status and cost incurred to date
Financial Update Investment Properties Development Properties Project Status as on September 30, 2011 Project Status as on June 30, 2011 Cost incurred till date : Rs. 124.49 Crore 29
Slide 30: Investor Relations contacts
Investor Relations efforts are coordinated by: Saumil Daru Chief Financial Officer saumil.daru@oberoirealty .com Chirag Savla Executive Assistant to Managing Director [email protected] For any further information please write to [email protected] or contact on (+91 22) 6677 3333 30
Slide 31: Notes and abbreviations
Note Considering the nature of the business carried on by the Company whereby revenues do not necessarily accrue evenly over the projects period, the revenues of the quarter and/or the year may not be strictly comparable with the results of the corresponding quarter and/or the year. Abbreviations: •