Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q2 FY2014 Earnings Presentation
18 slides from Kolte-patil Developers's earnings presentation, November 2013
Slide 1: Q2 FY2014 Results Presentation
Q2 FY2014 Results Presentation
Slide 2: Forward-looking statements disclaimer
Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by
Slide 3: Agenda
1 CEO’s Message 2 Business update & Performance Highlights 3 P&L /Balance Sheet Snapshot 4 Project-wise Details 5 Outlook 6 About Kolte-Patil Developers Ltd. 3
Slide 4: CEO's Message
Commenting on the performance for Q2 FY2014, Mr. Sujay Kalele, CEO, Kolte-Patil Developers Ltd. said, “We have delivered yet another stable performance in a seasonally weak quarter. Our sales momentum has been encouraging having recorded 0.9 msf. of new area sales in the first half of the year despi
Slide 5: Financial Performance, New Sales Bookings, New Launches
Financial Performance New Sales Bookings / Collections Revenues down 2% YoY to Recorded 0.45 msf. of new sales booking Rs. 189 crore Sales value of Rs. 260 crore EBITDA growth of 73% YoY to Average price realization (APR) at Rs. Rs. 60 crore; margins expand 14 5,738/sft.; residential APR at Rs. 5,20
Slide 6: Operating income, EBITDA, PAT, sales volume and collections
Operating income, Rs. mn EBITDA, Rs. mn PAT, Rs. mn 2,254.0 2,099.0 2,163.0 668.0 629.0 636.0 603.0 451.0 1,917.0 1,886.0 305.0 322.0 349.0 264.0 196.0 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY13 FY13 FY13 FY14 FY14 FY13 FY13 FY13 FY14 FY14 FY13 FY13 FY13 FY14 FY14 Sales Volume, million sq. ft
Slide 7: Sales volume split by project type and share
msf. 0.83 0.50 0.48 0.44 0.45 100% 2% 1% 14% 16% 8% 90% 12% 14% 80% 7% 5% 17% 16% 13% 70% 3% 2% 8% 60% 31% 36% 22% 26% 13% 50% 40% 30% 46% 40% 49% 47% 20% 40% 10% 2% 4% 3% 0% 3% 0% Q2 FY2013 Q3 FY2013 Q4 FY2013 Q1 FY2014 Q2 FY2014 Affordable MIG - non-township projects MIG - Township HIG Luxury Othe
Slide 8: Revenue recognized in key projects Q2 FY14
Revenue recognized in key projects – Q2 FY14 Revenue recongized in key projects (% of total income – Q2 FY14) Revenue Revenue Projects recognized in Q1 recognized in Q2 (Rs. cr) (Rs. cr.) Life Republic - Life Republic - Phase I 49 63 Phase I, 33% Corolla - Corolla - Phase I 22 19 Phase I, 10% Tuscan
Slide 9: P&L Snapshot Q2 FY2014
P&L Snapshot (Rs. crore) Q2 FY2014 Q2 FY2013 YoY (%) Total operating income 188.6 191.7 -1.6% Total Expenses 130.0 157.9 -17.7% EBITDA 60.30 34.9 72.8% EBITDA Margin (%) 32.0% 18.2% +1380 bps EBIT 58.6 33.8 73.3% EBIT Margin (%) 31.1% 17.7% +1340 bps Profit before tax 52.4 30.5 72.1% Profit after ta
Slide 10: P&L Snapshot H1 FY2014
P&L Snapshot (Rs. crore) H1 FY2014 H1 FY2013 YoY (%) Total operating income 405.0 292.1 38.6% Total Expenses 284.8 231.5 23.0% EBITDA 123.90 62.3 98.9% EBITDA Margin (%) 30.6% 21.3% +1380 bps EBIT 120.1 60.6 98.2% EBIT Margin (%) 29.7% 20.8% +1340 bps Profit before tax 106.7 52.4 103.5% Profit after
Slide 11: Balance Sheet Snapshot
Balance Sheet Snapshot (Rs. cr) 30th September, 2013 30th June, 2013 31st March, 2013 Net Worth 780 744 717 Gross debt 265 239 175 Cash & cash equivalents 58 53 112 Current Investments 24 49 8 Net debt 183 137 55 Inventories 1,269 1,128 983 Net debt/Equity (x) 0.2 0.2 0.1 ROE (%) 15.4% 16.3% 15.0% R
Slide 12: Details of ongoing projects in Q2 FY2014
Details of ongoing projects in Q2 FY2014 Average Saleable Area KPDL Share Area Sold Sales value Collections Projects Location Realization (msf.) (msf.) (msf.) (Rs. mn.) (Rs. mn.) (Rs./sft.) Life Republic - Phase I 2.6 1.2 0.03 Hinjewadi, Pune 565 1,144 5,630 Life Republic - Phase I - R3 Avenue 0.3 0
Slide 13: Details of ongoing projects as on 30th September, 2013
Details of ongoing projects as on 30th September, 2013 KPDL Area Sales Saleable Area Collections Projects Location Share Sold value (msf.) (Rs. mn.) (msf.) (msf.) (Rs. mn.) Life Republic - Phase I 2.6 Hinjewadi, Pune 1.2 2.6 Life Republic - Phase I - R3 10,515 7,881 0.3 Hinjewadi, Pune 0.1 0.1 Avenu
Slide 14: Forthcoming projects and approval status
Saleable Area KPDL Land cost Approval Status/Expected date of Projects Location (msf.) Share (%) (Rs. mn.) launch Hinjewadi, Life Republic - Phase II 6.9 45% 3,400 Under approval process Pune Corolla - Phase II 2.5 Wagholi, Pune 37% 946 Expected by end-FY14 Atria 0.2 100% Under approval process Aund
Slide 15: Land bank: JV and JDA projects
Title/MOU/DAPA KPDL Share Project Area (msf.) Share of KPDL Comment /Saledeed/JV (msf.)* • 50:50 profit sharing JV with Sanjivani Remidies, a Pune based Pharma firm Sanjivani Township, JV 15.0 50% 7.5 • Launch targeted by end-FY14 Urse, Pune • Awaiting land clearance from the Department of Urban Dev
Slide 16: Outlook
Operational Parameters Geographical Expansion Focused on maintaining construction Evaluating various society quality and adherence to strict delivery redevelopment projects in the Mumbai timelines market Demand environment Corporate Governance Demand situation impacted by volatile Focus on strengthe
Slide 17: About Kolte-Patil Developers Ltd.
Kolte-Patil Developers Ltd. (BSE:532924, NSE: KOLTEPATIL) is a leading Pune-based real estate company incorporated in 1991. Kolte-Patil is a well-reputed, trusted name with a reputation for high quality standards, design uniqueness, transparency and the delivery of projects in a timely manner. The c
Slide 18: Thank you
Thank you LEAPING FORWARD
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