prospects, etc., or similar expressions or variations of such - - PowerPoint PPT Presentation

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 to constitute an offer to subscribe for ORL securities. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is

• nly current as of its date. Certain statements made in this presentation may not be based on historical information or facts and

may be “forward looking statements”, including those relating to general business statements, plans and strategy of ORL, its future financial condition and growth prospects, future developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as ‘will’, ‘expected to’, ‘horizons of growth’, ‘strong growth prospects’, etc., or similar expressions or variations of such expressions. These forward-looking statements are based on expectations and projections, and may involve a number of risks, uncertainties and other factors that could cause actual results,

• pportunities and growth potential to differ materially from those suggested by such statements. These risks and uncertainties

include, but are not limited to risks with respect to its real estate business, economic environment in India and overseas, changes in development regulations, changes in tax laws, changes in other applicable laws, litigation and labour relations. ORL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner. No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or

• n behalf of ORL. This presentation is strictly confidential.

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Initial Public Offering (IPO) The Company raised Rs.1,02,861 lakhs through its maiden public offering of 39,562,000 equity shares at a price of Rs. 260 per equity share. Commencement of revenue recognition of Exquisite I The Company crossed the 20% threshold level of project cost, excluding land cost and hence started recognizing revenue of this project in Q3FY11. Launch of Oberoi Splendor Grande The project was launched in October, 2010 on the auspicious day of Dusshera and received

• verwhelming response. For Q3FY11 we sold 47 units (out of 156 units) totalling to 85,540 sqft.

(out of 283,920 sqft.) for Rs.10,781 lakhs. Awards The Company has been conferred an award for Outstanding Contribution in Real Estate sector (Residential) by EPC World 2010 for Oberoi Springs located in Andheri (W).

Financial Update Project Portfolio (Completed, Ongoing and Planned) Investment Properties – Completed Development Properties – Residential (Completed and Ongoing)

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Amount in Rs. Lakhs

Particulars 9MFY11 9MFY10 FY10 Cash and Cash Equivalents 113,094 33,294 36,305 Investments in Liquid Mutual Fund 34,423 6,520 7,898 Net Fixed Assets Including CWIP 92,766 78,236 81,706 Net Working Capital (Excluding Cash) 84,021 59,745 60,435 Deferred Tax Asset /(Liability) 541 42 41 Total Assets 324,845 177,837 186,385 Share Capital 36,413 33,517 32,457 Reserves and Surplus 288,432 144,320 153,928 Networth 324,845 177,837 186,385

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Amount in Rs. Lakhs

Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Opening Cash and Cash Equivalents 38,749 31,230 36,305 16,691 16,691 Operating Cash Flows (177) 10,905 14,212 43,236 52,367 Investing Cash Flows (Includes Investments in Liquid Mutual Funds) (24,777) (7,538) (35,839) (23,773) (28,320) Financing Cash Flows 99,299 (1,303) 98,415 (2,860) (4,434) Closing Cash and Cash Equivalents 113,094 33,294 113,094 33,294 36,305 Investments in Liquid Mutual Funds 34,423 6,519 34,423 6,519 7,897 Total Cash and Cash Equivalents (Including liquid mutual funds) 147,517 39,813 147,517 39,813 44,202

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14,354 1,071 122,016 144,318 186,385 324,845 43,027 18,187 44,203 147,517 0.12 x 0.01 x 0.00 x 0.00 x

FY08 FY09 FY10 9MFY11 Debt/Equity Debt (Rs. Lakhs) Networth (Rs. Lakhs) Cash & cash equivalents* (Rs. Lakhs)

* Includes investments in liquid mutual funds

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Amount in Rs. Lakhs

Particulars 9MFY11 9MFY10 FY10 Current Assets (A) Inventories 66,968 60,116 62,252 Sundry Debtors 2,661 5,323 4,038 Other Current Assets 52 173 173 Loans and Advances 72,769 53,646 62,398 Total - A 142,450 119,258 128,861 Current Liabilities & Provisions (B) Current Liabilities 58,282 59,098 67,461 Provisions 147 416 966 Total -B 58,429 59,513 68,426 Net Working Capital (A-B)* 84,021 59,745 60,435

* Does not include Cash and Cash Equivalents

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Amount in Rs. Lakhs (Except EPS)

Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Revenue from Projects 34,572 18,634 59,915 55,193 69,384 Revenue from Rent 2,769 2,114 8,004 6,254 8,335 Revenue from Hospitality 2,198

• 4,307
• Other Operating Revenue

329 376 700 676 1,112 Non Operating Income 2,181 433 3,414 1,055 1,719 Total Revenue 42,049 21,556 76,340 63,179 80,550 EBITDA 26,866 13,974 46,671 37,540 48,907 Profit Before Tax 26,227 13,732 44,975 36,941 48,080 Profit After Tax 20,523 13,091 38,053 35,320 45,818 Diluted EPS 6.37 * 4.47 * 12.69 * 12.04 * 15.63

* The EPS is not annualised

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• 10,000

20,000 30,000 40,000 50,000 60,000 70,000 80,000

FY07 FY08 FY09 FY10 9MFY11 270 34 7,374 8,335 8,004 23,248 51,086 35,167 69,384 59,915

• 4,307

Rent (Rs. Lakhs) Project (Rs. Lakhs) Hotel (Rs. Lakhs)

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55,856 45,489 80,550 76,339 FY08 FY09 FY10 9MFY11 30,484 27,687 48,907 46,671 FY08 FY09 FY10 9MFY11

PAT (Rs. Lakhs)

29,537 25,214 45,818 38,053 FY08 FY09 FY10 9MFY11

Revenue (Rs. Lakhs) EBITDA (Rs. Lakhs) Diluted EPS (Rs.)

10.23 8.48 15.63 12.69 FY08 FY09 FY10 9MFY11

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Particulars FY08 FY09 FY10 Q3FY 11 9MFY11 EBIDTA Margin 54.58% 60.87% 60.72% 63.89% 61.14% PAT Margin 52.88% 55.43% 56.88% 48.81% 49.85% RONW# 27.53% 18.93% 27.71% 7.76%* 14.89%* ROCE# 22.69% 17.90% 27.62% 7.76%* 14.89%* Debt/Equity 0.12 0.01 0.00 0.00 0.00

# Calculated on Average Networth and Average Capital Employed * Not Annualised

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1,663,808 2,602,699 7,278,037 2,962,388 7,005,461

• 1,000,000

2,000,000 3,000,000 4,000,000 5,000,000 6,000,000 7,000,000 8,000,000 Investment Properties Development Properties Estimated Saleable / Leasable Area (sqft.) Completed Ongoing Planned

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Particulars Location Completed Ongoing Planned Commerz I* Goregaon (E) 423,786 Oberoi Mall Goregaon (E) 552,893 Westin Mumbai Garden City Goregaon (E) 381,820 Oberoi International School Goregaon (E) 305,309 Commerz II Phase I Goregaon (E) 725,769 Commerz II Phase II Goregaon (E) 1,661,650 Oasis Hotel Worli 215,280 Juhu Hotel# Juhu 1,289,787 Oberoi Education Complex (Plot)** Goregaon (E) 866,130 Oberoi Hospital (Plot)** Goregaon (E) 375,481 Oberoi Splendor School (Plot)** Andheri (E) 430,990 Total 1,663,808 2,602,699 2,962,388

Leasable Area in sqft.

*Includes 58,898 sqft. occupied by the Company # Reflects our share of 50% in the joint venture ** We plan to lease the land (plot)

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Saleable Area in sqft.

Particulars Location Ongoing Planned Oberoi Splendor Andheri (E) 1,279,152 Oberoi Splendor Grande Andheri (E) 283,920 Oberoi Exquisite I Goregaon (E) 1,448,040 Oberoi Exquisite II Goregaon (E) 1,331,520 Oasis Residential Worli 1,541,738 Oberoi Splendor Prisma Andheri (E) 711,577 Oberoi Spendor Maxima Andheri (E) 318,804 Oasis Commercial Worli 242,190 Oasis Mall Worli 121,095 Oberoi Exquisite III Goregaon (E) 2,376,380 Oberoi Exotica I Mulund (W) 1,619,800 Oberoi Exotica II Mulund (W) 1,581,580 Oberoi Splendor IT Tower Andheri (E) 93,873 Sangamcity – Residential* Pune 773,951 Sangamcity – Commercial* Pune 279,939 Sangamcity – Retail* Pune 279,939 Total 7,278,037 7,005,461 * Reflects our share of 31.67% share in joint venture

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The Westin Mumbai Garden City

GLA: 552,893 sqft. GLA: 364,888 sqft. 269 rooms

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Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Revenue (Rs. Lakhs)

1,842 1,660 4,878 4,491 6,081

EBITDA (Rs. Lakhs)

1,753 1,546 4,515 4,234 5,849

EBITDA Margin (%)

95% 93% 93% 94% 96%

Occupancy (%)

91.51% 87.58% 89.95% 87.67% 87.56%

Area Leased (sqft.)

505,925 484,237 497,333 484,747 484,110

Revenue per sqft. / month on area leased (Rs.)

121 114 109 103 105

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Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Revenue (Rs. Lakhs)

1,142 662 3,406 1,986 2,769

EBITDA (Rs. Lakhs)

953 656 3,217 1,961 2,699

EBITDA Margin (%)

84% 99% 94% 99% 97%

Occupancy (%)

77.14% 44.03% 77.14% 42.04% 43.97%

Area Leased(sqft.)

281,475 160,672 281,475 153,415 160,435

Revenue per sqft./month on area leased (Rs.)

135 137 134 144 144

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Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Revenue (Rs. Lakhs) 2,198 NA 4,307 NA NA EBITDA (Rs. Lakhs) 710 NA 714 NA NA Number of Rooms 269 NA 269 NA NA Average Room Rent (Rs.) 7,719 NA 7,234 NA NA Occupancy (%) 62% NA 46% NA NA RevPAR (Rs.) 4,786 NA 3,328 NA NA

Note: The hotel commenced its operation from May 2010

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Oberoi Woods Oberoi Exquisite I Oberoi Springs GSA: 598,200 GSA: 1,448,040 GSA: 643,065

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Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Project Till Date Estimated Total Area (sqft.) 1,448,040 1,373,580 1,448,040 1,373,580 1,373,580 1,448,040 Estimated Total Units (nos.) 756 774 756 774 774 756 Area Sold (sqft.) 62,920 372,310 284,700 372,310 465,390 750,090 Units Sold (nos.) 35 206 161 206 258 419 Area in Inventory (sqft.) 697,950 1,001,270 697,950 1,001,270 908,190 697,950 Units in Inventory (nos.) 337 568 337 568 516 337 Sales Value (Rs. Lakhs) 9,014 41,240 37,114 41,240 51,904 89,019 Revenue Recognised (Rs. Lakhs) 21,273

• 21,273
• 21,273

Amount Collected (Rs. Lakhs) 8,491 8,026 22,140 8,026 19,587 41,727

22 10,600.00 10,800.00 11,000.00 11,200.00 11,400.00 11,600.00 11,800.00 12,000.00

• 100,000.00

200,000.00 300,000.00 400,000.00 500,000.00 600,000.00 700,000.00 800,000.00 Q3FY10 Q4FY10 Q1FY11 Q2FY11 Q3FY11 Average Sales price psft. Area Sold (sqft.)

Cumulative Area Sold (sqft.) Average Price

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Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Project Till Date Estimated Total Area (sqft.) 283,920 NA 283,920 NA NA 283,920 Estimated Total Units (nos.) 156 NA 156 NA NA 156 Area Sold (sqft.) 85,540 NA 85,540 NA NA 85,540 Units Sold (nos.) 47 NA 47 NA NA 47 Area in Inventory (sqft.) 198,380 NA 198,380 NA NA 198,380 Units in Inventory (nos.) 109 NA 109 NA NA 109 Sales Value (Rs. Lakhs) 10,866 NA 10,866 NA NA 10,866 Revenue Recognised (Rs. Lakhs)

• NA
• NA

NA

• Amount Collected (Rs. Lakhs)

2,629 NA 2,629 NA NA 2,629

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Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Project Till 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) 2,961 91,791 20,727 489,552 532,980 1,183,413 Units Sold (nos.) 3 93 21 496 540 1,199 Area in Inventory (sqft.) 95,739 159,894 95,739 159,894 116,466 95,739 Units in Inventory (nos.) 97 162 97 162 118 97 Sales Value (Rs. Lakhs) 531 13,810 3,936 61,154 68,412 135,318 Revenue Recognised (Rs. Lakhs) 11,548 11,533 30,421 41,125 54,732 116,172 Amount Collected (Rs. Lakhs) 7,316 13,856 15,720 55,983 111,675 127,395

25 8,000.00 8,500.00 9,000.00 9,500.00 10,000.00 10,500.00 11,000.00 11,500.00 12,000.00

• 200,000

400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Q2FY07 Q3FY07 Q4FY07 Q1FY08 Q2FY08 Q3FY08 Q4FY08 Q1FY09 Q2FY09 Q3FY09 Q4FY09 Q1FY10 Q2FY10 Q3FY10 Q4FY10 Q1FY11 Q2FY11 Q3FY11

Average Sales Price / sqft. Area Sold (sqft.)

Cumulative Area Sold (sqft.) Average Price

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Residential Projects Saleable Area Area Sold Till Dec 31, 2011 Area in Inventory Completed (sqft.) (sqft.) (sqft.) (%) Oberoi Woods 598,200 595,209 2,991 100% Oberoi Springs 643,065 637,083 5,982 100% Oberoi Seven 39,550 5,650 33,900 100%

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Residential Projects Est. Saleable Area Area Sold Area in Inventory Sales Value of Area Sold Revenue Recognised Completed Base Price

• f Last

Transaction (sqft.) (sqft.) (sqft.) (Rs. Lakhs) (Rs. Lakhs) (%) (Rs./sqft.) Oberoi Splendor 1,279,152 1,183,413 95,739 135,318 118,527 86% 16,750* Oberoi Exquisite I 1,448,040 750,090 697,950 89,019 21,545 24% 11,500 Oberoi Splendor Grande 283,920 85,540 198,380 10,866

• <20%

11,500

* Calculated on Built-up Area

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Investor Relations efforts are coordinated by: Saumil Daru Chief Financial Officer saumil.daru@oberoirealty .com Chirag Savla Executive Assistant to Managing Director chirag.savla@oberoirealty.com For any further information please write to ir@oberoiealty.com or contact on (+91 22) 66773333

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Abbreviations:

• EBITDA = Earnings before Interest, Tax, Depreciation and Ammortisation
• EPS = Earnings Per Share
• GLA = Gross Leasable Area
• GSA = Gross Saleable Area
• Lakhs = Hundred Thousand
• nos. = Numbers
• PAT = Profit After Tax
• PBT = Profit Before Tax
• ROCE = Return on Capital Employed
• RONW = Return on Networth
• Rs. = Indian Rupees
• sqft. = Square Feet

Note All the numbers pertaining to FY10 are from audited financials. Other numbers are based on unaudited financials.