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 only 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, opportunities 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 on behalf of ORL. This presentation is strictly confidential. 2
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 overwhelming 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). 3
Financial Update Project Portfolio (Completed, Ongoing and Planned) Investment Properties – Completed Development Properties – Residential (Completed and Ongoing) 4
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 5
Amount in Rs. Lakhs Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 Opening Cash and Cash 38,749 31,230 36,305 16,691 16,691 Equivalents Operating Cash Flows (177) 10,905 14,212 43,236 52,367 Investing Cash Flows (Includes Investments in Liquid Mutual (24,777) (7,538) (35,839) (23,773) (28,320) Funds) 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 147,517 39,813 147,517 39,813 44,202 (Including liquid mutual funds) 6
324,845 0.12 x 186,385 147,517 144,318 122,016 44,203 43,027 0 18,187 14,354 0.00 x 1,071 0.01 x 0 0.00 x FY08 FY09 FY10 9MFY11 Debt (Rs. Lakhs) Networth (Rs. Lakhs) Cash & cash equivalents* (Rs. Lakhs) Debt/Equity * Includes investments in liquid mutual funds 7
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 8
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 9
80,000 - 4,307 70,000 60,000 - 50,000 69,384 - 40,000 59,915 30,000 51,086 35,167 - 20,000 23,248 10,000 8,335 8,004 7,374 - 270 34 FY07 FY08 FY09 FY10 9MFY11 Rent (Rs. Lakhs) Project (Rs. Lakhs) Hotel (Rs. Lakhs) 10
Revenue (Rs. Lakhs) EBITDA (Rs. Lakhs) 80,550 76,339 48,907 46,671 55,856 27,687 45,489 30,484 FY08 FY09 FY10 9MFY11 FY08 FY09 FY10 9MFY11 PAT (Rs. Lakhs) Diluted EPS (Rs.) 45,818 38,053 29,537 15.63 25,214 12.69 10.23 8.48 FY08 FY09 FY10 9MFY11 FY08 FY09 FY10 9MFY11 11
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 12
8,000,000 7,000,000 7,278,037 7,005,461 Estimated Saleable / Leasable Area (sqft.) 6,000,000 5,000,000 4,000,000 3,000,000 2,962,388 2,602,699 2,000,000 1,663,808 1,000,000 - Investment Properties Development Properties Completed Ongoing Planned 13
Leasable Area in sqft. 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 *Includes 58,898 sqft. occupied by the Company # Reflects our share of 50% in the joint venture 14 ** We plan to lease the land (plot)
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 15
The Westin Mumbai Garden City GLA: 552,893 sqft. 269 rooms GLA: 364,888 sqft. 16
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 121 114 109 103 105 area leased (Rs.) 17
Particulars Q3FY11 Q3FY10 9MFY11 9MFY10 FY10 1,142 662 3,406 1,986 2,769 Revenue (Rs. Lakhs) 953 656 3,217 1,961 2,699 EBITDA (Rs. Lakhs) EBITDA Margin (%) 84% 99% 94% 99% 97% 77.14% 44.03% 77.14% 42.04% 43.97% Occupancy (%) 281,475 160,672 281,475 153,415 160,435 Area Leased(sqft.) Revenue per sqft./month on 135 137 134 144 144 area leased (Rs.) 18
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