Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q3 FY2015 Earnings Presentation
35 slides from Oberoi Realty's earnings presentation, Jan 19, 2015
Slide 1: Oberoi Realty Limited Result Update Q3FY15
Oberoi Realty Limited rooted in values. Result Update Q3FY15 January 19, 2015
Slide 2: Key highlights: project launches and leasing
• Launch of two projects at Mulund – Eternia and Enigma (earlier called Exotica I and II respectively) on January 14, 2015. Till January 18, 2015 over 300 units booked aggregating over Rs.850 Crores. • Launch of Prisma at JVLR in December 2014, booked ~27% of the total area of the project as on Dece
Slide 3: Financial Update
Financial Update Investment Properties Development Properties 3
Slide 4: Balance sheet summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars 9MFY15 9MFY14 FY14 Shareholders' Fund 4,61,016 4,39,629 4,39,639 Non-Current Liabilities 84,356 11,158 18,554 Current Liabilities 1,33,160 84,413 90,510 Total Equity and Liabilities 6,78,532 5,35,200 5,48,70
Slide 5: Cash flow and cash position
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q3FY15 Q2FY15 Q3FY14 9MFY15 9MFY14 Opening Cash and Cash Equivalents 12,324 23,614 74,256 54,936 1,07,247 Operating Cash Flows 726 (12,240) (22,034) (1,16,897) (42,094) Investing Cash Flows (7,529) 262 (24,7
Slide 6: Liabilities breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars 9MFY15 9MFY14 FY14 Long term borrowings 72,403 - 7,500 Deferred tax liabilities 2,365 2,026 2,195 Trade payables 1,282 1,000 1,088 Other Long term liabilities 8,209 8,029 7,666 Long-term provisions 97 103 10
Slide 7: Assets breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars 9MFY15 9MFY14 FY14 Fixed assets 1,08,990 1,08,075 1,09,949 Goodwill on consolidation 26,538 26,551 26,538 Other non-current assets 34,560 1,39,633 1,24,168 Total Non-Current Assets 1,70,088 2,74,260 2,60,655
Slide 8: Profit and loss summary
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q3FY15 Q2FY15 Q3FY14 9MFY15 9MFY14 Revenue from Projects 13,255 10,543 8,911 33,387 33,973 Revenue from Rent 4,161 4,125 4,168 12,360 12,037 Revenue from Hospitality 3,272 2,882 2,966 8,849 8,17
Slide 9: Key financial ratios and margins
Financial Update Investment Properties Development Properties Particulars 9MFY15 FY14 FY13 FY12 EBITDA Margin (Including Non Operating Income/ 58.92% 57.49% 62.05% 65.00% Total Revenue) EBITDA Margin (Excluding Non Operating Income/ 58.01% 54.45% 58.43% 58.63% Total Operating Income) PAT Margin 36.2
Slide 10: Segment-wise operating revenue and EBITDA
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Property Particulars Total Residential Rental Hospitality Management Services 9MFY15 58.01% 57.46% 97.08% 24.57% -5.58% Total Operating Revenues 57,796 33,813 12,420 8,913 2,650 EBITDA (Excluding Non Operating 33,527 19
Slide 11: Share price performance vs Sensex and BSE Realty Index
Financial Update Investment Properties Development Properties 150.00 140.00 130.00 120.00 110.00 100.00 Index 90.00 80.00 70.00 60.00 50.00 40.00 30.00 18/Apr/11 12/Apr/12 07/Apr/13 02/Apr/14 29/Nov/11 23/Nov/12 18/Nov/13 13/Nov/14 27/Feb/12 21/Feb/13 16/Feb/14 29/Sep/14 18/Jan/11 04/Mar/11 17/Jul/1
Slide 12: Shareholding pattern
Financial Update Investment Properties Development Properties Category 31-Dec-14 30-Sep-14 30-Jun-14 31-Mar-14 31-Dec-13 Promoter and Promoter Group 75.00% 75.00% 75.00% 75.00% 75.00% Foreign Institutional Investors (FIIs) 17.46% 16.07% 15.88% 13.57% 13.64% Domestic Institutional Investors 0.75% 0.6
Slide 13: Investment properties: Commerz and Westin Mumbai Garden City
Financial Update Investment Properties Development Properties The Westin Mumbai Garden City GLA: 552,893sqft. GLA: 364,888sqft. 269 rooms 13
Slide 14: Rental property performance: Oberoi Mall
Financial Update Investment Properties Development Properties Particulars Q3FY15 Q2FY15 Q3FY14 9MFY15 9MFY14 Operating Revenue (Rs. Lakh) 2,412 2,347 2,231 7,053 6,557 EBITDA (Rs. Lakh) 2,324 2,274 2,106 6,798 6,282 EBITDA Margin (%) 96.37% 96.90% 94.41% 96.39% 95.81% Occupancy (%) 99.52% 99.56% 98.
Slide 15: Rental property performance: Commerz
Financial Update Investment Properties Development Properties Particulars Q3FY15 Q2FY15 Q3FY14 9MFY15 9MFY14 Operating Revenue (Rs. Lakh) 1,160 1,183 1,207 3,560 3,609 EBITDA (Rs. Lakh) 1,155 1,181 1,205 3,554 3,569 EBITDA Margin (%) 99.63% 99.82% 99.86% 99.82% 98.89% Occupancy (%) 83.02% 83.96% 85.
Slide 16: Hospitality performance: Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q3FY15 Q2FY15 Q3FY14 9MFY15 9MFY14 Operating Revenue (Rs. Lakh) 3,294 2,903 2,987 8,913 8,237 EBITDA (Rs. Lakh) 1,030 805 850 2,190* 2,403 EBITDA Margin (%) 31.29% 27.74% 28.44% 24.57% 29.17% Number of Rooms 269 269 269 269 26
Slide 17: Commerz II project status and amount spent
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2014 Project Status as on Sep 30, 2014 Amount spent in Q3 FY15 is Rs. 7.22 crore Amount spent in Q2 FY15 is Rs. 6.39 crore 17
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 18
Slide 19: Residential projects summary
Financial Update Investment Properties Development Properties Revenue Area Booked Inventory as Booking Value Project Avg. Price Residential Projects Est. Area Recognised Till Date on Date till Date Completion for Q3FY15 till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Oberoi S
Slide 20: Residential projects: Q3FY15 bookings and sales
Financial Update Investment Properties Development Properties Revenue Area Booked in Units Sold in Sales Value for Amount Collected Residential Projects Recognised Q3FY15 Q3FY15 Q3FY15 in Q3FY15 in Q3FY15 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Esquire 25,180 11 4,672 2,257 - Oberoi Exquisit
Slide 21: Esquire project status
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2014 21
Slide 22: Esquire project status as on Sep 30, 2014
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2014 22
Slide 23: Esquire project data
Financial Update Investment Properties Development Properties Particulars Q3FY15 Q2FY15 Q3FY14 9MFY15 9MFY14 Project Till Date * Estimated Total Area (sqft.) 15,04,815 15,04,815 15,04,815 15,04,815 15,04,815 15,04,815 Estimated Total Units (nos.) 636 636 636 636 636 636 Area Booked (sqft) 25,180 6,5
Slide 24: Oberoi Exquisite project status
Financial Update Investment Properties Development Properties Project Status as on December 31, 2014 24
Slide 25: Oberoi Exquisite status as on Sep 30, 2014
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2014 25
Slide 26: Oberoi Exquisite project data
Financial Update Investment Properties Development Properties Particulars Q3FY15 Q2FY15 Q3FY14 9MFY15 9MFY14 Project Till Date Estimated Total Area (sqft.) 15,47,610 15,47,610 15,35,670 15,47,610 15,35,670 15,47,610 Estimated Total Units (nos.) 802 802 802 802 802 802 Area Booked (sqft) 50,050 34,57
Slide 27: Prisma project status
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2014 27
Slide 28: Prisma project data
Financial Update Investment Properties Development Properties Particulars Project Till Date Estimated Total Area (sqft.) 268,750 Estimated Total Units (nos.) 91 Area Booked (sqft) 72,711 Units Booked (nos.) 24 Area in Inventory (sqft.) 196,039 Units in Inventory (nos.) 67 Booking Value (Rs. Lakh) 12
Slide 29: Oasis project status and amount spent
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2014 Project Status as on Sep 30, 2014 Amount spent in Q3 FY15 : Rs. 119.96 crore Amount spent in Q2 FY15 : Rs. 124.01 crore 29
Slide 30: Oasis Residential project data
Financial Update Investment Properties Development Properties Particulars Project Till Date Estimated Area of Project (sqft.) 17,83,928 Area Booked (sqft) * 1,24,306 Units Booked (nos.) * 13 Area in Inventory (sqft.) 16,59,622 Booking Value (Rs. Lakh) 35,737 Amount Collected (Rs. Lakh) 21,128 Revenu
Slide 31: Priviera project status
Financial Update Investment Properties Development Properties Project Status as on Dec 31, 2014 Project Status as on Sep 30, 2014 31
Slide 32: Priviera project data
Financial Update Investment Properties Development Properties Particulars Q3FY15 9MFY15 Project Till Date Estimated Area of Project (sqft.) * 18,800 18,800 18,800 Estimated Total Units (nos.) 8 8 8 Area Booked (sqft) - - 4,700 Units Booked (nos.) - - 2 Area in Inventory (sqft.) 14,100 14,100 14,100
Slide 33: Investor Relations contacts
Investor Relation efforts are coordinated by: Saumil Daru Director - Finance [email protected] Aditi Mittal Executive Assistant to Managing Director [email protected] For any further information please write to [email protected] or contact on (+91 22) 6677 3333 33
Slide 34: 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. Total areas of t
Slide 35: 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