RESULTS PRESENTATION Third Quarter, Financial Year 2016
02 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16 DISCLAIMER Some of the statements in this communication may be 'forward looking statements' within the meaning of applicable laws and regulations. Actual results might differ substantially or materially from those expressed or implied. Important developments that could affect the Company's operations include changes in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labor relations
AGENDA 01 Overview Q3 FY16 Operational Highlights 02 Q3 FY16 Financial Highlights 03 Annexure 04
Established in 1897 Godrej Industries 39 15 th st Note: CAGR calculated for closing prices as of 18 June, 2001 and 31 December, 2015 BSE SENSEX Godrej & Boyce Godrej Properties (%) Godrej Agrovet Godrej Consumer 1. Group Revenues in FY15 2. Godrej Group internal study 3. The Brand Trust Report 2013 4. Interbrand study done in 2011 Limited 36 Godrej Industries 1 $2.8 billion brand valuation by Interbrand $4.5 bn in annual revenue 2 1.1 billion people globally use a Godrej product nd 3 Godrej ranked as 2 most trusted Indian brand 4 Amongst India’s most diversified and trusted Products conglomerates Real estate identified as one of the key growth businesses for the Group GODREJ GROUP Value Creation for Investors 14 Year CAGR Godrej Consumer 04 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16
GODREJ PROPERTIES Pune NCR 22.8, 1 Ahmedabad 20.0, 17 Mumbai 18.3 , 5 10.0, 2 Chandigarh Hyderabad 13.3, 9 Bangalore Est. Total Developable Area** (million sq. ft.) No. of Projects: 50 ( st As on 31 January 2016) 12.0, 6 0.7, 1 BENGALURU 05 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16 **Total area under the project, irrespective of revenue/profit/area sharing arrangement Established in 1990 Presence in 12 cities across India Real estate worth US $ 1.3 billion sold in the past three years Over 100 million sq. ft of real estate to develop across India Differentiated asset-light business model Over 100 awards received in the past 3 years 3.7, 2 Kolkata 2.3, 1 0.8, 1 2.8,1 7.1, 4 Nagpur Mangalore Chennai Kochi Legends:
Godrej Brand Access to Group’s land bank across India (e.g. Vikhroli) Godrej ranked as the 2 most trusted Indian brand in the 2013 Brand Trust Report 1. Brands ranked higher than Godrej : Nokia, Samsung, Sony, BMW & Tata Tea 2. Based on Godrej Group Internal Study st 3. Total saleable area under projects, irrespective of the revenue / profit / area sharing arrangement as on 31 January, 2016. GPL brings the Godrej brand’s reputation for trust and quality to the real estate sector 3 Added 20 projects with ~ 30.5 million sq. ft. saleable area in the last 3 years Strong nd Project Pipeline Effective Land Sourcing Model Competitive advantage in executing joint development projects 2 1.1 billion people globally use a Godrej product Asset light, capital efficient and high ROE development model 1 STRENGTHS Strong independent Board committed to best practices of corporate governance with focus on investor interests and shareholder value GPL benefits from trust amongst stakeholders in realty market that is characterized by opaque practices Corporate Governance Low bank funding rates for GPL Confidence of capital markets: Demonstrated by successful IPO, IPP , Residential Co-investment Platform and Rights issue Access to Capital Project level equity dilution to mitigate risk and remain capital efficient 06 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16
GROWTH PERFORMANCE Net Profit After Tax (INR Cr.) GPL has delivered strong and consistent growth in the last decade 44% 108 2 (excluding completed projects) Total development portfolio of GPL (Mn sq. ft.) 28% 2,681 183 Booking Value (INR Cr.) 48% 191 2.5 46% PARTICULARS 326 5 Profit Before Tax (INR Cr.) 44% 341 6 EBITDA (INR Cr.) 46% 1,927 29 FY 2004 Revenue (INR Cr.) CAGR FY 2015 07 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16
0 47% BSE Realty Sensex STOCK PERFORMANCE Godrej Properties : BSE Sensex: BSE Realty: 49% Dec-15 -65% Indexed Price movement from January 2010 to December 31, 2015 Sourc: BSE Returns since listing : GPL stock has substantially outperformed the BSE Realty Index since its IPO in 2010 GPL Apr-15 20 160 40 60 80 100 120 140 180 Jul-14 200 Jan-10 Oct-10 Jul-11 Apr-12 Jan-13 Oct-13 08 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16
CORPORATE GOVERNANCE Served as Chairman of Knight Frank India as Director of Hero MotoCorp Ltd., Parsvnath Served as the Director at IIM Lucknow. Serves Petrochemicals Corporation Limited Serves on the Board of Deepak Fertilizers & board of Reserve Bank of India Associated with FICCI Real Estate Committee Director of Praron Consultancy India Pvt. Ltd Limited Vedanta Limited and Kirloskar Brothers Developers Ltd and also member on the local IIFL Holdings Limited Tyres Limited, Dabur India Limited and Serves on the Board of Directors at Apollo Minister of India Served as Economic Advisor to the Prime Corporate Finance Conferred 'Padma-Shri', one of India`s highest member both at Lazard India and Ambit Served as Managing Director and Board 20 years of Investment Banking experience civilian honors in 2003 Board position: Bharat Forge Limited, Infradebt Limited The Board is strongly committed to best practices of corporate governance with a Limited and as Director and Member of the Accountants of England & Wales Fellow of the Institute of Chartered Unilever NV Executive Committee at Unilever PLC and Served as Chairman of Hindustan Unilever Co. Limited, Britannia Industries Limited, Pritam Singh Lalita D. Gupte The Independent Directors on the GPL Board are: Keki B. Dadiseth focus on investors’ interests and shareholder value Holds Board positions at The Indian Hotels Piramal Enterprises Limited, JM Financial Management Company Limited and India Amit B. Choudhury Chairperson of ICICI Venture Funds Agrovet Limited Limited, Vora Soaps Limited and Godrej Serves on the Board of Godrej Industries Amitava Mukherjee Limited and Siemens Limited. Holds Pranay Vakil S. Narayan World Gold Council Limited, Indian School of Business and Pvt. Limited, Pricewaterhouse Cooper Pvt. Advisory positions at Accenture Services 09 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16
AGENDA 02 Overview 01 Q3 FY16 Operational Highlights Q3 FY16 Financial Highlights 03 Annexure 04
Sales Highlights Other Highlights GPL’s Best Ever Launch Business Development 6 awards received in Q3 FY16 pre-certification Godrej One received final LEED Platinum certification and 2 projects received IGBC Green Homes 11 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16 KEY OPERATIONAL HIGHLIGHTS 3 successful new project launches in Mumbai 122% YoY growth in value of sales bookings Added 2 new projects with 5 million sq. ft. of saleable area in January 2016 Registered booking value of over INR 1200 crore for the third consecutive quarter of FY16 Delivered 144 appartments measuring 0.20 million sq. ft at Godrej Horizon, Pune Delivered 1.34 million sq. ft at Godrej Genesis, Kolkata one month of launch 93% of launched inventory or 348 apartments with 455,503 sq. ft. for INR 862 crore sold within launch quarter The Trees, Vikhroli was the most successful launch ever by GPL in terms of value sold in the Construction Highlights
Thane, Ghodbunder Road Added GPL’s seventeenth project in Mumbai with 1 million sq. ft. of saleable area Residential housing project over a land parcel measuring ~15 acres Located off Ghodbunder Road with excellent connectivity to the western and central suburbs of Mumbai 12 I GODREJ PROPERTIES I RESULTS PRESENTATION Q3 FY16 BUSINESS DEVELOPMENT Added 2 new projects with 5 million sq. ft. of saleable area in January 2016 Noida, Sector 150 Marks GPL’s entry into the Noida market GPL’s sixth project in NCR with 4 million sq. ft. of saleable area Entered into a Development Management Agreement to develop a Residential housing project within Lotus Greens Sports City in Sector 150, Noida
Recommend
More recommend
