Kolte-patil Developers Limited · NSE:KOLTEPATIL
Kolte-patil Developers — Q1 FY2015 Earnings Presentation
18 slides from Kolte-patil Developers's earnings presentation, August 2014
Slide 1: Q1 FY2015 Results Presentation
Q1 FY2015 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 on Q1 FY2015 performance
Commenting on the performance for Q1 FY2015, Mr. Sujay Kalele, CEO, Kolte-Patil Developers Ltd. said, “We have started the year on an encouraging note with pre-sales higher by 38% YoY at 0.61 msf. at a significant price appreciation of 16% to Rs. 5,616/sft. We sold 569 units during the quarter – ove
Slide 5: New Sales Bookings / Collections and Mumbai Update
New Sales Bookings / Collections Mumbai Update Recorded 0.61 msf. of new sales bookings aggregating to 569 Sold first apartment at Jay Vijay Society in Ville-Parle (E) at an units APR of Rs. 20,000/sft. New sales value of Rs. 343 crore Sold second residential unit at Link Palace in Khar (W) at an AP
Slide 6: Revenue, EBITDA, PAT, sales volume and collections trends
Revenue, Rs. mn EBITDA, Rs. mn PAT, Rs. mn 2,163 636 603 573 322 1,886 1,881 1,711 484 264 1,569 397 204 192 130 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q1 FY14 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q1 FY14 Q2 FY14 Q3 FY13 Q4 FY14 Q1 FY15 Sales Volume, million sq. ft Sales value, Rs. mn Total Collections,
Slide 7: Sales split by project type and share
msf. 0.44 0.45 0.44 0.79 0.61 100% 8% 4% 17% 12% 9% 17% 21% 13% 80% 13% 16% 3% 9% 5% 8% 8% 11% 60% 22% 13% 13% 23% 40% 47% 62% 20% 49% 41% 50% 0% 3% 3% 0% 0% 0% Q1 FY2014 Q2 FY2014 Q3 FY2014 Q4 FY2014 Q1 FY2015 Affordable MIG - non-township projects MIG - Township HIG Luxury Others Split by project
Slide 8: P&L Snapshot
P&L Snapshot (Rs. crore) Q1 FY2015 Q1 FY2014 YoY (%) Total operating income 156.9 216.3 -27.5% Total Expenses 111.0 154.8 -28.3% EBITDA 48.4 63.6 -23.8% EBITDA Margin (%) 30.9% 29.4% EBIT 45.9 61.5 -25.3% EBIT Margin (%) 29.3% 28.4% Profit before tax 41.6 54.3 -23.4% Profit after tax 27.2 36.2 -24.8
Slide 9: Balance Sheet Snapshot
Balance Sheet Snapshot (Rs. crore) 30th June, 2014 31st March, 2014 Net Worth 825 806 Gross debt 332 337 Cash & cash equivalents 57 70 Current Investments 20 15 Net debt** 140 136 Inventories 1,258 1,269 Net debt/Equity (x)** 0.17 0.17 ROE (%) 10.3% 11.4% ROCE (%) 17.1% 18.7% **Net debt figure given
Slide 10: Sales volume, value and price realization targets FY15-17
Sales volumes (msf.) 12.0 7.6 Sales Value (Rs. crore) FY12-14 FY15-17 7,200 Actuals Target 3,500 Average Price Realization (Rs./sft.) FY12-14 FY15-17 6,000 Actuals Target 4,602 FY12-14 FY15-17 Actuals Target 10
Slide 11: Strategic priorities and outlook
Consolidate stronghold in a stable Pune market driven by strong employment and economic drivers Building brand presence in Bengaluru – increased contribution through activation of all projects in pipeline In Mumbai, add new projects in the redevelopment space while launching projects won last year T
Slide 12: Project-wise gross details including partner's share
Gross Details (including partner’s share) Saleable Area (msf.) Average Area Sold Sales value Collections Projects Realization Gross KPDL KPDL (msf.) (Rs. mn.) (Rs. mn.) (Rs./sft.) Life Republic - Phase I 2.6 45% 1.2 0.07 397 6,002 438 Life Republic - Phase I - R3 Avenue 0.4 45% 0.2 Corolla - Phase I
Slide 13: KPDL revenue recognized by project
KPDL Revenue Projects Recognized (Q1 FY15) Revenue recongized in key projects Life Republic - Phase I 27 (% of total income – Q1 FY15) Corolla - Phase I 8 Corolla - Life Republic Phase I, 5% - Phase I, 17% Tuscan - Tuscan - Phase I & II 31 Phase I & II, Margosa Heights I & II 12 20% Downtown - Phase
Slide 14: Gross details of projects: area, location, sales
Gross Details (including partner’s share) Saleable Area Sales Average Area Sold Collections Projects (msf.) Location value Realization (msf.) (Rs. mn.) Gross KPDL Share KPDL Share (Rs. mn.) (Rs./sft.) Life Republic - Phase I 2.6 45% 1.2 Hinjewadi, Pune 2.87 11,845 4,131 9,944 Life Republic - Phase I
Slide 15: Upcoming projects: approval status and launch dates
Saleable Area KPDL Share KPDL Share Land cost Projects Location Approval Status/Expected date of launch (msf.) (%) (msf.) (Rs. mn.) •Received LC in Mar-14 Life Republic - Phase II 6.9 Hinjewadi, Pune 45% 3.1 3,400 •Launch expected in H2 FY15 Sanjivani Township Phase I 6.0 Urse, Pune 50.5% 3.0 500 •L
Slide 16: Land bank: JV, JDA and owned projects
KPDL Title/MOU/DAPA Area KPDL Project Share Comment /Saledeed/JV (msf.) Share (%) (msf.) •50.5% profit sharing JV with Sanjivani Remidies, a Pune based Sanjivani Township, Urse, Pune Phase II JV 9.0 50.5% 4.5 Pharma firm •JV with a petroleum company Ghotawade, Pune JV 3.2 50% 1.6 •Awaiting zone clea
Slide 17: About Kolte-Patil Developers and contact information
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
Slide 18: Thank you
Thank you LEAPING FORWARD a
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