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Corporate Presentation - November 2010
Corporate Presentation - November 2010
Corporate Presentation
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DB Realty – A Mumbai Real Estate Powerhouse
Shareholding
Vision & leadership provided by Vinod Goenka and Shahid Balwa
Large land development within Mumbai suburbs (Goregaon, Andheri,
Kandivli) and City (South/Central Mumbai) totaling 14.4 msf completed in
the past
Real Estate company with a strong focus on Mumbai
City centric: High value developments in Mumbai Central, Mahalaxmi,
Prabhadevi
Suburbs: High volume developments in Goregaon, Andheri, Kandivli, Mira
Road
Proven skills in redevelopment: Land generated through participation in
urban renewal schemes including redevelopment of old tenanted buildings
in Mumbai
Established premium brand
Project Portfolio
Strong project pipeline combining strengths of city centric and suburban
development:
28.4
20.5 msf of Saleable Area of ongoing projects under varying development
stages 40.6
40.4 msf of Saleable Area in forthcoming & upcoming projects 20.5
Investors at entity level include IL&FS, Trinity Capital, Bollywood Mauritius (msf)
14.4
(Lehman) and Walkinson, inducted between 2007-09
Proven Real Estate Track Record of promoters, having developed in excess of Completed Ongoing
500 Acres of land in & out of Mumbai Forthcoming Pipeline
Proven track record and pan Mumbai development footprint and profitability demonstrated
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Differentiated Land Acquisition Ability
Orchid Turf View, Mahalaxmi 1.5 msf
Old tenant rehabilitation and free sale
Urban renewal
area to be developed by DB Realty
MIG Co-Hsg-Soc, Bandra, 1.0 msf
Orchid Crown, Dadar 0.9 msf JV with land owners for development of
their land parcels
Joint Venture (JV) Orchid Ozone, Dahisar 1.6 msf
Abhyudaya Nagar, Parel, 3.5 msf Low cost land acquisition route
Low cost of land acquisition insulates the Company from market volatility
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DB Group – Changing the Landscape of Mumbai
Umar Jamal Compound, Tardeo, Mumbai Central
2004 – Initial View 2010 – Orchid Enclave & City Centre Mall
2005 – Excavation
Note: This project was completed by Promoters and Promoter Group Companies
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DB Realty – Changing the Landscape of Mumbai
Rangwala Compound, Jacob Circle
2008 – Initial View Proposed elevation – Orchid Heights
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DB’s Projects - Location wise
Orchid Heights, Jacob Circle
Orchid Turf View, Mahalaxmi
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Ongoing Projects
Saleable Area Start End
No. Project Name Type Status
(msf) Date Date
1 Orchid Ozone Resi Under
1.6 Aug’09 Sep’12
(Dahisar – E) & Retail Construction 1
2 Orchid Woods Under
Resi 0.9 Feb’07 Jun’11
(Goregaon – E) Construction
3 Orchid Heights Under 4
Resi 0.6 Nov’09 Mar’13
(Jacob Circle) Construction
4 Orchid Suburbia Under
Resi 0.5 Jan’09 Dec’11
(Kandivali – W) Construction 2
5 Mahul Nagar Under
TDR 8.7 Mar’07 Mar’11
(Mahul) Construction
6 Orchid Hills Resi Under
2.8 Mar’09 Mar’13 6
(Powai) & TDR Construction 7
9
7 Ascot Centre II Under
Comm 0.3 Feb’07 Dec’12
(Andheri – E) Construction
8 Orchid Turf View Under
Resi 1.5 Jan’10 Mar’14
(Mahalaxmi) Construction
9 Orchid Corporate Park
Comm Site Clearance 1.2 Jan’10 Nov’12
(Andheri – E)
10 Orchid Centre Resi Under 13
0.5 Jan’09 Jun’12 5
(Yerwada, Pune) & Retail Construction
11 Orchid Crown Under 11
Resi 0.9 Jan’10 Dec’13
(Dadar) Construction
12 Orchid Views Under 8 3
Resi 0.7 Apr’10 Mar’13
(Mumbai Central) Construction 12
13 DB Tower Resi Under
0.3 Apr’10 Mar’13
(BKC) & Comm Construction
Total 20.5
Note: Figures representing DB Realty’s share of Saleable Area in msf for ongoing projects
Orchid Centre (Location: Yerwada, Pune) is not shown in the Map above
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April 1, 2010 to September 30, 2010 – Total Sales
No. Project Units Sold Area Sold Sales Value Collection *
(Sq.Ft.) (` in Mn) (` in Mn)
1 Orchid Ozone 398 307,113 1,614 360
2 Orchid Suburbia 47 49,187 471 691
3 Orchid Turf View 1 5,000 200 389
4 Orchid Woods 121 227,830 2,409 1,847
5 Orchid Heights 101 358,896 7,073 1,164
6 Orchid Crown 43 173,986 4,231 1,408
7 Mahul (TDR) - 765,633 2,237 1,454
FY 2010-11
Estimates
Particulars ( ` in Mn)
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Forthcoming Projects
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Saleable Start End 2
No. Project Name Type Status
Area (msf) Date Date
# Delayed
Note: Figures representing DB Realty’s share of Saleable Area in msf for forthcoming projects
Orchid Town (Location: Pimpri Chinchwad, Pune) is not shown in the Map above
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Forthcoming Projects – Continued
Saleable Start End
No. Project Name Type Status
Area (msf) Date Date
Total 40.6
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# Delayed
Note: Figures representing DB Realty’s share of Saleable Area in msf for forthcoming projects
Orchid Lawn (Location: Sangamwadi, Pune) is not shown in the Map above
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New Project (Acquisition)
Post IPO
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Government Colony, Bandra
Location : Bandra (East)
Type : Residential/ Commercial
Ownership * : 100%
Status : Acquired
Plot Area : ~57 Acres
Saleable Area : ~8 mn. sq.ft.
Estimated All in Cost of BUA : ` 9,514/-
Estimated Sale Rate : ` 25,000/-
Cash Outflow FY 11 : ` 803 Cr.
EBIDTA : ` 145,240 mn
EBIDTA Margin : 66 %
PAT : ` 95,870 mn
PAT Margin : 43 %
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Orchid Paradise (MIG Co-operative Housing Society)
Location : Bandra (East)
Type : Residential
Ownership : 100%
Status : Acquired
Plot Area : ~5 Acres
Saleable Area : ~1,044,954 sq.ft.
Estimated All in Cost of BUA : ` 7,990/-
Estimated Sale Rate : ` 19,400/-
Cash Outflow FY 11* : ` 120 Cr.
Implementation period : 48 months
EBIDTA : ` 11,920 mn
EBIDTA Margin : 59 %
PAT : ` 7,870 mn
PAT Margin : 39 %
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Abhyudaya Nagar Housing Board Colony
Location : Kalachowki,Parel-Sewri Division
Type : Residential
Ownership * : 60% (Profit Sharing)
Status : In Process (Probability 90%)
Plot Area : ~33 Acres
Saleable Area : ~5,763,391 sq.ft.
Estimated All in Cost of BUA : ` 6,853/-
Estimated Sale Rate : ` 18,000/-
Cash Outflow FY 11 : -
Implementation period : 60 months
EBIDTA : ` 64,250 mn
EBIDTA Margin : 62 %
PAT : ` 42,410 mn
PAT Margin : 41 %
Joint venture of M/s DB Realty Ltd and Shreepati Infra Realty Ltd. in the ratio of 60:40
Redevelopment proposal given to the tenants & Federation consent is obtained
Consent received for 12 out of 48 buildings & for the rest to be obtained by Feb 2012
Approval for development from MHADA will be obtained by Apr 2012
Rehab work to start in Apr – Jun 2011 and expected to be completed in 3 years time
Construction of Sale building to start in Apr 2013
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Prem Nagar, Goregaon
Location : Near Inorbit Mall, Goregaon (W)
Type : Residential
Ownership * : 51% (Profit Sharing)
Status : In Process (Probability 100%)
Plot Area : ~65 Acres
Saleable Area : ~9,268,489 sq.ft.
Estimated All in Cost of BUA : ` 6,760/-
Estimated Sale Rate : ` 12,000/-
Cash Outflow FY 11 : ` 200 Cr.
Implementation period : 60 months
EBIDTA : ` 48,560 mn
EBIDTA Margin : 44 %
PAT : ` 32,060 mn
PAT Margin : 29 %
Intend to build 7 sale buildings of 64 floors each and 30 rehab buildings of 23 floors
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Mahal Pictures
Location : JVLR, Jogeshwari
Type : Residential
Ownership* : Current 33%, Profit Sharing
Proposed 40%
Status : Acquired
Plot Area : ~16 Acres – Open Land,
~42 Acres – Slum
Saleable Area : ~7,595,422 sq.ft.
TDR ~3,755,234 sq.ft.
Estimated All in Cost of BUA : ` 5,769/-
Estimated Sale Rate : ` 11,000/-
~TDR Sale Rate ` 2,200/-
Cash Outflow FY 11 : ` 170 Cr.
Implementation period : 60 months
EBIDTA : ` 48,000 mn
EBIDTA Margin : 52 %
PAT : ` 31,680 mn
PAT Margin : 35 %
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Mumbai Central - URD
Location : Mumbai Central
Type : Residential
EBIDTA : ` 67,570 mn
EBIDTA Margin : 53 %
PAT : ` 44,600 mn
PAT Margin : 35 %
After Redevelopment
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Consolidated Financials
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Profit and Loss A/c
(` in Mn)
% %
Particulars Q2-FY11 Q2-FY10 change H1-FY11 H1-FY10 change FY10
Income
Sales & Income from Operations 3,388 2,760 22.8 6,036 3,944 53.0 9,512
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Revenue Breakup
(` in Mn)
Orchid Crown - - - - -
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Project Expenses
(` in Mn)
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Balance Sheet
(` in Mn)
Sources of Funds
Shareholders Funds
Loan Funds
Application of Funds
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Cash Flow
(` in Mn)
Inflow
Outflow
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Key Ratios
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Ongoing Initiatives - Building An Organisation
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Sales & Marketing
Innovative visibility campaign – 50% of the air-conditioned buses in Mumbai carries DB branding
Beautification contract for Bandra Worli Sea Link – Huge visibility and CSR
Approvals for Housing Finance to customers from all banks for all DB projects
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H R Initiatives
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Processes
Investment Committee to review the viability of any new project prior to being finalized by MD
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THANK YOU
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Annexure I
Project Portfolio
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Ongoing Projects-Sales Data
Sr Project Name Total Units % Area Sales Amount % Project Cost incurred as on
No Units Sold Sold Sold Value Collected Collected Cost 30-09-2010
(Sq.ft.) (` mn) (` mn) (` mn) (` mn)
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Ongoing Projects
Sr Project Name Total Saleable Area DB’s Saleable Area Commencement- Ownership
No (Sq. Ft.) (Sq. Ft.)* Completion Date (%)*
1 Orchid Ozone 2,604,368 1,615,924 Aug - Sep 66%
(DB JDA Share–2,448,369) 2009 2012
2 Orchid Woods 1,174,000 880,500 Feb - Jun 75%
2007 2011
3 Orchid Heights 1,227,039 622,354 Nov - Mar 51%
2009 2013
4 Orchid Suburbia 982,348 491,174 Jan - Dec 50%
2009 2011
5 Mahul 8,789,457 TDR- 8,701,562 Mar - Mar 99%
2007 2011
6 Orchid Hills 6,706,832 TDR- 2,235,387 Mar - Mar 33%
1,562,025 Resi-520,623 2009 2013
7 Ascot Centre II 456,400 342,300 Feb - Dec 75%
2007 2012
8 Orchid Turf View 2,225,416 1,483,685 Jan - Mar 67%
2010 2014
9 Orchid Corporate 1,249,062 1,249,062 Jan - Nov 100%
Park 2010 2012
10 Orchid Centre 856,385 471,012 Jan - Jun 100%
(DB JDA Share–471,012) 2009 2012
11 Orchid Crown 1,795,304 897,652 Jan - Dec 50%
2010 2013
12 Orchid Views 1,371,854 685,927 Apr - Mar 50 %
2010 2013
13 DB Tower 895,377 303,891 Apr - Mar 34 %
2010 2013
*DB’s Economic Beneficial Interest
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Forthcoming Projects
Sr Project Name Total Saleable DB’s Saleable Project Cost incurred Commencement- Ownership
No Area Area Cost as on 30-09-2010 Completion Date (%)*
(Sq. Ft.) (Sq. Ft.)* (` mn) (` mn)
1 Orchid 2,090,816 Resi- 1,672,653 6,827 26 Apr - March 80%
Hill Park# 6,206,380 TDR- 6,206,380 2011 2014 100%
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Forthcoming Projects -Continued
Sr Project Name Total Saleable DB’s Saleable Project Cost incurred Commencement - Ownership
No Area Area Cost as on 30-09-2010 Completion Date (%)*
(Sq. Ft.) (Sq. Ft.)* (` mn) (` mn)
9 Orchid 1,465,432 TDR- 732,716 4,466 629 Mar - Feb 50%
Apartment 862,526 Resi- 431,263 2011 2015
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Annexure II
Project Status
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Orchid Ozone (Dahisar)
Description Sales Details
Approximately 40 % of the construction cost incurred Period Units Area Sold Sold Value
Sold Sq.ft. (s` in mn)
Work completed upto podium level for 15 buildings
Work completed upto ground floor for 25 buildings Q2-FY11 191 142,766 801
Typical floor work in progress for 5th building Q2-FY10 429 320,418 1,232
Architect : Hafiz Contractor
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Orchid Woods (Goregaon)
Description Sales Details
Approximately 64% of the construction cost incurred Period Units Area Sold Sold Value
RCC work, plumbing and waterproofing for Tower A Sold Sq.ft. ( ` in mn)
on schedule
Q2-FY11 74 140,985 1,473
RCC work for Tower B & C completed, Finishing
Q2-FY10 10 19,795 169
work in progress.
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Orchid Heights (Jacob Circle)
Description Sales Details
Tenement shifting is in progress of Tower B portion Period Units Area Sold Sold Value
30 % work for foundation and 60% work for retaining Sold Sq.ft. (` in mn)
wall completed for Tower A
Q2-FY11 62 217,575 4,247
Sales office & Sample flat - finishing work 30 %
Q2-FY10 - - -
completed
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Orchid Suburbia (Kandivali)
Description Sales Details
Approximately 38% of the construction cost incurred Period Units Area Sold Sold Value
Work completed upto 2nd Podium for tower A & B Sold Sq.ft. (` in mn)
Contractor : JP Developers
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Orchid Crown (Prabhadevi)
Description Sales Details
Piling work 89% completed. Period Units Area Sold Sold Value
Tower A- Excavation work 40 % completed Sold Sq.ft. (` in mn)
Contractor : L&T
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Orchid Turf View (Mahalakshmi)
Description Sales Details
IOD for residential sale building received Period Units Area Sold Sold Value
MOEF approval obtained Sold Sq.ft. (` in mn)
Contractor : L&T
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SRA Mahul (Chembur)
Description TDR Generating Project
RCC work for 60 buildings completed Period TDR Sold Sold Value
Flooring work completed for 60 buildings Sq.ft. (` in mn)
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