February 03, 2020 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 National Stock Exchange oflndia Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East) Mumbai-· 400 051 Ref: Godrej Properties Limited BSE - Script Code: 533150, Scrip ID - GODREJPROP BSE- Security ID 782GPL20 - Debt Segment NSE - GODREJPROP Suh: Investors Presentation & Press Release Dear Sir/Madam, Godrej Properties Limited Regd.Office: Godr One, 5 th Floor, Pirojshanagar, Easte Express Highway, Vikhroli (E). Mumbai- 400 079.lndia Tel. . T9!-22-6169 8500 Fax: +91-22-6169 8888 Website: www.godrejpropei1ies.com CIN, L74120MHl985PLC035308 Please find enclosed the Investors' Presentation and the Press Release on the financial results for the quarter ended December 31, 2019. This is for your information and records. Thank you, Yours truly, t '"; � Surender Var Co�ecretary & Chief Legal Officer � Encl. as above
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Godrej Properties Limited Vikhroli (E). Mumbai-400 079€¦ · GODREJ PROPERTIES • Established in 1990 • India's largest publicly listed developer by booking value over the past
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1. Includes canc(;!lations 111 cert;:1i11 µro1ect:c:
11 I GOOREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
I
·- ------
Booking Value (INR Cr)
03 FY20
221
95
61
39
66
58
50
42 -----
40
38
38
31
27
25
22
291
' 1,142 I
·········-- i_ --
· ··-·-·---
i9M FY20
221
198
178
241
66
-----
367
109
73
68
107
291
38
52
39
78
1,344
3,471 - - ····------ ---
•
. ,.,
!
·---'
PROJECT BOOKING (Contd.) ----------
Particulars Booking Area (sq. ft.)
Commercial Projects 03 FY20 gM FY20
Godrej BKC, Mumbai 13,174 13,174
Godrej Eternia, Chandigarh 1,323 12,351
Godrej Genesis, Kolkata 0 11,663
Total 14.497 37,188
Grand Total 1,583,124 5,189,054
12 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
--· -
Booking Value (INR Cr)
Q3FY20 9M FY20
46 46
1 10
0 5
47 61
1,189 3,532
-----
1
···----
.
BUSINESS DEVELOPMENT
Added 4 new projects with saleable area of ~ 12. 70 million sq. ft. in Q3 FY20
Navi Mumbai, MMR
• Entered into a joint venture to develop a Township Project in Navi Mumbai
• The project will be a mixed use development and will offer approximately 7.5 million sq. ft. of saleable area
• GPL's economic interest is 55% of profit
Ambernath, MMR
• Entered into a joint venture to develop a land parcel of approximately 6.4 acres in Ambernath
• The project will be developed as a group housing project with approximately 1.1 million sq. ft. of saleable area
• GPL.:s economic interest is 4 7% of profit
Thane, MMR
• The project is an outright purchase of land in Thane and will offer approximately 1.1 million sq. ft. of saleable area comprising primarily ofresidential area of various configurations with retail spaces
• It is a 1 00% owned project
Bagalur, Bangalore
• The joint venture project is located on the main State Highway 104 and will be developed as a modern affordable housing projectproviding a saleable area of ~3.0 million sq. ft.
• GPL's economic interest is 5.5% of revenue and 49% of profit
13 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
LAUNCH TRACKER FY20
Launch timings are dependent on receipt of regulatory approvals and can be delayed substantially
beyond initial expectations
New project launches planned in FY20 New phase launches planned in FY20
Project City Status Launch Area*
Project
Godrej Palm Retreat NCR V 0.93 Godrej Nurture
Godrej South Estate NCR V 0.63 Godrej Lake Gardens
Godrej 24 (Sarjapur 3) Bangalore v 0.57 Godrej Nest
Godrej Hillside 1 Pune v 0.55 Godrej Garden City, Phase 7
GodreJ Seven Kolkata V 0.96 Godrej Eternity
Kavesar Mumbai V 0.41 Godrej City
Electronic City Bangalore V 0.57 Godrej Garden City, Phase 8
Devanahalli 2 Bangalore V 0.49 Godrej Garden City, Commercial
Sector 43, Naida NCR V 0.84 Godrej Golf Links
Manjari Pune V 0.63 Godrej Meridien
Bandra Mumbai v 1.10 Godrej Hillside 2
Vikhroli (mixed used) Mumbai V 0.70 Godrej Vihaa
GodreJ RKS Mumbai • 0.35 Godrej Prakriti
GodreJ Nirvaan Mumbai • 0.88 Godrej Forest Grove
V" Launched V" On - Track ✓ Delayed • New Project/Phase Added • New ProJect/Phase Added & Launched
• in million sq. ft.
14 I GOOREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
City Status
Pune v
Bangalore v
Mumbai V
Ahmedabad V
Bangalore v
Mumbai v
Ahmedabad v
Ahmedabad v
NCR v
NCR v
Pune V
Mumbai v
Kolkata v
Pune •
Launch Area*
0.75
0.50
0.48
0.64
0.36
0.93
0.49
0.85
0.23
0.80
0.65
0.50
0.60
0.75
AWARDS AND RECOGNITIONS
GPL received 14 awards in 03 FY20 and a total of 51 awards in 9M FY20
ILLUSTRATIVE LIST OF AWARDS
GODREJ PROPERTIES
• Builder of the year
13" CNBC-AWAAZ Real Estate Awards
• Godrej Properties Ltd. - Bangalore
Certificate of Appreciation for the Best Practices in Environment, Health &
Safety - CII Southern Region EHS Excellence Awards 2019
• GPL Design Studio and Studio Lotus
Conservation for lrnagine Studio Category - Certificate of Indian Institute ofArchitects award
PROJECT & INDIVIDUAL AWARDS
• Godrej One, Mumbai
Most Environment Friendly ProJect - CNBC-AWAAZ Real Estate Awards
• The Trees, Mumbai
Best Residential Project (Mid Segment) - CNBC-AWAAZ Real Estate Awards
• Godrej Air, Bangalore
Gold Award - Grow Care India Safety Awards 2019
• Godrej Nature Plus, NCR
Gold Award - Grow Care India Safety Awards 2019
Gold Award - Apex India Foundation Safety Award
16 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
• Godrej Aria and 101, NCR
Gold Award - Grow Care India Safety Awards 2019
Gold Award - Apex India Foundation Safety Award
• Mohit Malhotra
Most Promising Business Leaders of Asia - The Economic Times
• Siddharth Jain
Young Leaders 2019 - The Economic Times
AGENDA
Overview 01
03 FY20 Operational Highlights 02
03 FY20 Financial Highlights O 3
Annexure 04
17 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
CONSOLIDATED FINANCIAL STATEMENTS- P & L
Particulars i 03 FY2020 03 FY2019 %Change
Total Income 491 473 4%
Adjusted EBITDA • 177 145 22%
EBITDA .. 151 94 60%
Profit before tax 88 36 145%
Net Profit after tax 45 42 9%
Total Income :c: Revenue from Operations t Other !ncome + Share of profit 1n Joint Venture
·Adjusted EBITDA..,. EB!TDA _,_ interest included in cost of sale
Total Outstanding Dues of Micro Enterprises and Small Enterprises
Total Outstanding Dues of Creditors other than Micro Enterprises and Small Enterprises
Other Current Financial Liabilities
b Other Current Non Financial Liabilities
C Provisions
d ! Current Tax Liabilities (Net)
�--Total Current Liabilities
Total Liabilities
Total Equity and Liabilities
21 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
126.01
4,575.82
4,701.83
2.84
0.08
I 13.53
16.45
3,118.25 ' '
9.30
247.19
721.68
1,179.99
15.12
56.81
5,348.34
5,364.79
10,066.62
•..•• •• - 1 --
I
(INR Cr)
As on 31.03.2019
Audited
114.66
2,354.35 .. --------
2,469.01 ···---- - -· ---- ----
---··· ···---
500.00
0.73 ·-··- -- ---
11.52
512.25
--··••i
- --- ·-----
3,015.84 -------------
------···. --- __ ,
13.45 - ----
234.25 ···-···
262.09 - . ----
1.556.36 ---·- -
11.15
18.34
-- ....
---------
5,111.48- -,,,. _________
5,623.73 - · ···-·--------
. ___ 8,092.74
FINANCIAL ANALYSIS
Profitability Indicators
Particulars Q3 FY2020 Q3 FY2019
Adjusted EBITDA / Total Income* 36.0%
EBITDA / Total Income** 30.7%
PBT Margin% 17.9%
Net Profit Margin %' 9.3%
• Adjusted EBITD!\ =- EB!TDA _,. interest included 1n cost of sale *'EB!TDA :..; PBT-'- Interest + Depreciation + Share of profit in Joint Venture t!Net profit after minority interest
Leverage Indicators
Particulars As on
Net Debt (INR Cr)
Networth (INR Cr)
Net Debt I Equity Ratio
Average Borrowing Cost (YTD)
Note: All Numbers as per Ind AS
22 j GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
30.6%
19.9%
7.6%
8.8%
31" Dec 2019
1,093
4,702
0.23
8.00%
02 FY2020 9M FY2020 9M FY2019 !
51.6% 37.1% 26.3%
36.4% 30.6% 14.2%
19.7% 19.2% 5.1%
8.3% 10.6% 4.8% i
As on 301h Sept 2019 Ason 31" Dec 2018 i
1.089 1,795
4,656 2,592
0.23 0.69
8.09% 7.94%
AGENDA
Overview 01
03 FY20 Operational Highlights 02
03 FY20 Financial Highlights
Annexure 04
23 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
A. RESIDENTIAL PROJECTS
S.No Project Name Location Asset Class Est. Saleable Ind AS Business Model Status Area (mn sq. ft.) Classification
Phase I to IV: Area Based - 73.6% 1 Godrej Garden City· Ahmedabad Residential 14.80 Own Phase V: Revenue Based - 67.6% Ongoing
• Primarily a rns1(icnt1a! pro1cct w<1h il portion oi cornmcrcml saleable area." Oevelopa!Jlo potential up to 9.0 m11liori sq. f!. #btendablc upto < rnil!ion sci. ft
24 I GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20
A. RESIDENTIAL PROJECTS
S.No Project Name Location Asset Class Est. Saleable Ind AS
Business Model Status Area (mn sq. fl.) Classification
19 Godrej Palm Grove Chennai Residential 1.93 Own Area Based· 70% (for 12.57 acres). 68% (for 4.82 acres) Ongoing
4 GodreJ Genesis Kolkata Commercial 0.13 Own Area Based - 62% Ongoing
5 Godrej Alpine Mangalore Residential 0.25 Own Area Based - 71.5% for Forthcoming commercial area
6(a) Godrej Two Mumbai Commercial 1.16 JV GPL _holds 50% equity in project specific company Ongoing
6(b) The Trees Mumbai Mixed Used 0.34 Own 100% owned project Ongoing Hotel & Retail
7 Godrej BKC Mumbai Commercial 0.01 Own Profit Based - 50% Ongoing
Share in project specific company 11.09%. Bhugaon Township Pune Residential 2.36 JV Development manager tee INR.162/sq. ft .. Forthcoming Profit sharing if profits exceed certain
threshold
9 Godrej Genesis Pune Commercial 0.48 JV GPL _owns 51 % of equity 1n �rojectspecific company, Revenue ased 58% Forthcoming
10 Golf Course Road Gurgaon Commercial 1.00 JV GPL owns 12% of equity 1n project specific company, Forthcoming
•Primarily a residentiol pro1ect w;\h a portion of commcrcial saleable ;:irea
29 \ GODREJ PROPERTIES I RESULTS PRESENTATION 03 FY20