Oberoi Realty Limited · NSE:OBEROIRLTY
Oberoi Realty — Q2 FY14 Earnings Presentation
31 slides from Oberoi Realty's earnings presentation, Oct 30, 2013
Slide 1: Oberoi Realty Limited Result Update Q2 FY14
Oberoi Realty Limited rooted in values. Result Update Q2 FY14 October 30, 2013 O€ OBEROI REALTY
Slide 2: Quarter highlights
• The Company achieved compliance with the 25% free float norm prescribed by SEBI • Oberoi Exquisite crosses booking of 10 lakh sq. ft. with a value of Rs. 1,357 crores • Oberoi Splendor Grande - received Occupation Certificate and incurred one time cost of ~ Rs. 26 crores towards approval under new
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 H1FY14 H1FY13 FY13 Shareholders' Fund 432,823 395,931 416,213 Non-Current Liabilities 10,217 6,000 6,742 Current Liabilities 91,542 104,204 105,947 Total Equity and Liabilities 534,582 506,135 528,902 Non Cu
Slide 5: Cash flow and cash balance
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars Q2FY14 Q1FY14 Q2FY13 H1FY14 H1FY13 Opening Cash and Cash Equivalents 87,358 107,247 128,265 107,247 129,339 Operating Cash Flows (7,943) (12,117) (5,798) (20,060) 239 Investing Cash Flows (24,097) (42,583) (
Slide 6: Liabilities breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars H1FY14 H1FY13 FY13 Deferred tax liabilities 1,678 1,120 1,473 Trade payables 822 393 797 Other Long term liabilities 7,624 4,383 4,355 Long-term provisions 93 104 117 Total Non-Current Liabilities 10,217 6,0
Slide 7: Assets breakdown
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Particulars H1FY14 H1FY13 FY13 Fixed assets 106,910 104,784 107,144 Goodwill on consolidation 26,551 26,537 26,537 Other non-current assets 132,693 106,914 124,655 Total Non-Current Assets 266,154 238,235 258,336 Cash a
Slide 8: Consolidated profit and loss
Financial Update Investment Properties Development Properties Amount in Rs. Lakh (Except EPS) Particulars Q2FY14 Q1FY14 Q2FY13 H1FY14 H1FY13 Revenue from Projects 11,053 14,010 19,523 25,063 33,231 Revenue from Rent 4,102 3,767 3,460 7,869 6,707 Revenue from Hospitality 2,638 2,569 2,073 5,207 4,251
Slide 9: Margins and return ratios
Financial Update Investment Properties Development Properties Particulars H1FY14 FY13 FY12 FY11 FY10 FY09 EBITDA Margin (Including Non Operating Income/ 57.42% 62.05% 65.00% 60.43% 60.09% 60.87% Total Revenue) EBITDA Margin (Excluding Non Operating Income/ 53.90% 58.43% 58.63% 57.94% 59.29% 58.15% T
Slide 10: Segment-wise results
Financial Update Investment Properties Development Properties Amount in Rs. Lakh Property Particulars Total Residential Rental Hospitality Management Services H1FY14 53.90% 48.13% 97.66% 29.58% -8.73% Total Operating Revenues 40,736 25,649 8,381 5,250 1,456 EBITDA (Excluding Non Operating 21,956 12,
Slide 11: Share price performance versus Sensex and BSE Realty Index
Financial Update Investment Properties Development Properties 120.00 110.00 100.00 90.00 Index 80.00 70.00 60.00 50.00 40.00 30.00 19-Mar-11 6-Jun-13 19-Nov-10 18-Jan-11 18-Apr-11 17-Jul-11 14-Nov-11 13-Jan-12 13-Mar-12 12-Apr-12 11-Jul-12 9-Oct-12 4-Oct-13 17-Feb-11 15-Sep-11 12-Feb-12 16-Aug-11 10
Slide 12: Shareholding pattern
Financial Update Investment Properties Development Properties Category 30-Sep-13 30-Jun-13 31-Mar-13 31-Dec-12 30-Sep-12 Promoter and Promoter Group 75.00% 78.49% 78.49% 78.49% 78.49% Foreign Institutional Investors (FIIs) 12.40% 10.03% 10.30% 10.11% 10.04% Domestic Institutional Investors 0.83% 0.6
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: Investment property performance: Oberoi Mall
Financial Update Investment Properties Development Properties Particulars Q2FY14 Q1FY14 Q2FY13 H1FY14 H1FY13 Operating Revenue (Rs. Lakh) 2,249 2,074 1,944 4,323 3,929 EBITDA (Rs. Lakh) 2,159 2,014 1,856 4,174 3,771 EBITDA Margin (%) 96.01% 97.10% 95.46% 96.53% 95.97% Occupancy (%) 99.12% 99.40% 94.
Slide 15: Investment property performance: Commerz
Financial Update Investment Properties Development Properties Particulars Q2FY14 Q1FY14 Q2FY13 H1FY14 H1FY13 Operating Revenue (Rs. Lakh) 1,200 1,202 1,143 2,402 2,269 EBITDA (Rs. Lakh) 1,190 1,174 1,116 2,364 2,194 EBITDA Margin (%) 99.17% 97.63% 97.58% 98.40% 96.67% Occupancy (%) 85.85% 83.38% 80.
Slide 16: Hospitality performance: The Westin Mumbai Garden City
Financial Update Investment Properties Development Properties Particulars Q2FY14 Q1FY14 Q2FY13 H1FY14 H1FY13 Operating Revenue (Rs. Lakh) 2,659 2,590 2,095 5,250 4,294 EBITDA (Rs. Lakh) 755 798 455 1,553 1,008 EBITDA Margin (%) 28.40% 30.79% 21.70% 29.58% 23.46% Number of Rooms 269 269 269 269 269 A
Slide 17: Project status and amount spent
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2013 Project Status as on June 30, 2013 Amount spent in Q2 FY14 is Rs. 2.61 crore Amount spent in Q1 FY14 is Rs. 3.70 crore 17
Slide 18: Development Properties
Financial Update Investment Properties Development Properties 18
Slide 19: Residential projects summary
Financial Update Investment Properties Development Properties Area Booking Revenue Inventory Project Avg. Price Residential Projects Est. Area Booked Till Value till Recognised as on Date Completion for Q2FY14 Date Date till Date (sqft.) (sqft.) (sqft.) (Rs. Lakh) (Rs. Lakh) (%) (Rs./sqft.) Oberoi S
Slide 20: Residential bookings in Q2FY14
Financial Update Investment Properties Development Properties Units Amount Revenue Area Booked Booking Value Residential Projects Booked in Collected in Recognised in Q2FY14 for Q2FY14 Q2FY14 Q2FY14 in Q2FY14 (sqft.) (nos.) (Rs. Lakh) (Rs. Lakh) (Rs. Lakh) Oberoi Seven - - - - - Esquire 22,985 10 4,
Slide 21: Project status as on Sep 30, 2013
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2013 Project Status as on June 30, 2013 21
Slide 22: Esquire project metrics
Financial Update Investment Properties Development Properties Particulars Q2FY14 Q1FY14 Q2FY13 H1FY14 H1FY13 Project Till Date * Estimated Total Area (sqft.) 1,504,815 Under revision 1,970,530 1,504,815 1,970,530 1,504,815 Estimated Total Units (nos.) 636 846 846 636 846 636 Area Booked (sqft) 22,98
Slide 23: Project status as on Sep 30, 2013
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2013 23
Slide 24: Tower A, B, C status
Financial Update Investment Properties Development Properties Tower A Tower B Tower C Project Status as on June 30, 2013 24
Slide 25: Oberoi Exquisite project metrics
Financial Update Investment Properties Development Properties Particulars Q2FY14 Q1FY14 Q2FY13 H1FY14 H1FY13 Project Till Date Estimated Total Area (sqft.) 1,535,670 1,535,670 1,535,670 1,535,670 1,535,670 1,535,670 Estimated Total Units (nos.) 802 802 802 802 802 802 Area Booked (sqft) 16,250 21,96
Slide 26: Project status as on Sep 30, 2013
Financial Update Investment Properties Development Properties Project Status as on Sep 30, 2013 Amount spent in Q2 FY14 : Rs. 69.92 crores 26
Slide 27: Project status as on June 30, 2013
Financial Update Investment Properties Development Properties Project Status as on June 30, 2013 Amount spent in Q1 FY14 : Rs. 136.72 crores 27
Slide 28: Oasis Residential project metrics
Financial Update Investment Properties Development Properties Particulars Project Till Date Estimated Area of Project (sqft.) 1,783,928 Area Booked (sqft) * 114,744 Units Booked (nos.) * 12 Area in Inventory (sqft.) 1,669,184 Booking Value (Rs. Lakh) 31,789 Amount Collected (Rs. Lakh) 7,707 Revenue
Slide 29: Investor relations contacts
Investor Relation efforts are coordinated by: Saumil Daru Chief Financial Officer [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 29
Slide 30: 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. All areas / conf
Slide 31: 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