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Indiabulls Group
Total Group Networth Rs. 19,356 Cr
Total Group PAT for H1 FY 13-14 Rs. 885 Cr.
Total Group Capital Expenditure Rs. 6,200 Cr. (US $ 1.2 bn.) capex in FY 10-11.
Planned capex of Rs. 29,000 Cr (US $ 5.7 bn.) by FY 2014-15.
Focus on Execution and on ground results translating into profits.
For its ongoing projects Indiabulls Group consumes 385 MT of Steel, 550
MT of Cement & 1,700 CUM of RMC on daily basis.
Creating Value for Shareholders Dividend payout of Rs. 551 Cr. in H1 FY 13-14
Indiabulls Power
announced demerger
from Real Estate
Indiabulls
Real Estate
Indiabulls
started as a
securities
brokerage
company
2000
Indiabulls
Financial
Services
Indiabulls
Real Estate
Indiabulls
Power
started
demerged from
Financial
Services
started
started as a
lending business
2004
2005
2006
2007
2010
2013
Indiabulls Power
National developer
with Focus on key
regions of
Mumbai, NCR (Delhi)
and Chennai
Developing 5400 MW
of Power Plants
Indiabulls Securities
Retail Nondiscretionary wealth
management platform
catering to over 7 lacs
clients
73%
Mortgages
Commercial Vehicles
Corporate Loans
Total Assets Under Management : Rs. 38,140 Crore (US $ 6 .25 billion)
Assets Growth
Total Loan Assets (Rs. Cr.)
38,140
31,025
2,129.9
23,792
764.0
Sep-11
Sep-12
Sep-13
Sep-11
Sep-12
Sep-13
The growth in the loan book inclusive of loans sold in the previous 12 months is 23%
Loans sold (outstanding as on 30th September, 2013): Rs. 3,902.7 Cr. on which spread at
3.1% p.a. is to be earned over the life of the loan
0.85%
0.76%
0.54%
0.45%
0.32%
0.41%
0.44%
0.31%
Sep-11
Sep-12
Gross NPA
Sep-13
Net NPA
Focus on underwriting Low risk mortgage assets at low LTVs with emphasis on cash flows of
borrowers has allowed the company to maintain low NPA levels
Standard Asset Provision pool of Rs. 307.10 Cr. is over and above General and Specific
Provision pool and is not netted off against Gross NPAs in calculation of Net NPAs
Tier I
Tier II
Tier III
Total
58
89
58
205
The company hosted AAWAS-2013, a budget property show, across major Indian cities like Delhi, Kolkata
and Chennai. The shows success reflects the expanding relationship base of the company amongst the
developer community and also their trust in the company
The company continues to grow its branch network and now has 205 branches spread across the country
The company has a well-trained, in-house Direct Sales Team of over 1,800 people to promptly attend to
prospective customers
10
8%
6%
20%
29%
28%
67%
63%
66%
Sep-11
Sep-12
Sep-13
Bank Loans
Bonds
Commercial Paper
Total Borrowings:
As of September 30, 2013: Rs. Cr. 35,012 (US$ 5.74 bn)
As of September 30, 2012: Rs. Cr. 28,006 (US$ 4.59 bn)
Amongst its lenders, the company now counts 102 strong relationships: 26 PSU banks, 16
Private and Foreign banks and 60 Mutual Funds, Provident Funds, Pension Funds,
Insurance Companies and others
11
12
13
Focus on Super-Metros
NCR (Delhi)
$ 1 bn
Jaipur
Agra
Jodhpur
Kanpur
Ahmedabad
Baroda
Mumbai
Region
$ 7.5 bn
Indore
Vishakapatnam
Hyderabad
Chennai
$ 510 mn
Madurai
14
Business Update
Key Financial Highlights: FY12-13
Q2 FY 13-14
450.62
Q2 FY 12-13
342.30
131.56
54.16
86.33
36.45
EPS (Rs.)
1.92
0.66
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Business Update
Total Sales of Rs. 2,236 Cr for an area of 2.25 msft in H1 FY-14 vs. Rs. 1,214 Cr for
an area of 1.19 msft in H1 FY-13.
Total leased area as on 30th Sep-13 stands at 2.8 msft. with annual rentals of Rs.
542 Cr per annum.
IBREL purchased the entire stake of FIM Ltd. and its affiliates for Rs. 1,172.16 Cr
funded through internal resources without taking any incremental debt. Giving it
100% ownership in 7 projects comprising area of 297.76 acres in NCR and Chennai.
IBREL retains its A+ rating for long term debt and A1+ (highest possible) for short
term debt.
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* All sales and marketing costs are expensed upfront and not amortized
Residential
Total
960.36
43.18
1003.54
6.20
6.20
966.56
43.18
1009.74
Addition in Q4 FY 13
Less: Moved to AUD
Closing Balance
Commercial
NCR .
Strategic land acquisition over the years have
helped IBREL to aggregate a land bank of 3,598
acres across India.
17
CHENNAI
18%
GREATER
MUMBAI &
MMR
22%
All land mentioned in the table is fully paid for and in our possession.
NCR
60%
17
Approved Projects
12.49
2.04
7.91
2.65
5.04
15.05
4.38
Super Premium
Premium
Mid income
Mumbai MMR
NCR
Chennai
Rest of India
Total Saleable Area Under Construction 24.78 Mn. Sq. ft. as on 30th Sept-13.
*All construction work being executed through 100% IBREL subsidiaries by Grade A contractors like Shapoorji Pallonji, Ahluwalia, Ramky etc.
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Area Sold
( Mn Sqft)
Super Premium
4.38
2.01
2.37
5,335
8,532
Premium
12.49
8.49
4.00
4,133
3,000
Mid Income
7.91
3.74
4.17
1,139
1739
Total
24.78
14.24
10.54
10,606
13,325
Projects
Area to be
Total Value Sold
sold (Mn Sqft)
(Rs. Cr.)
Value of Unsold
Inventory at Current
Rates (Rs. Cr.)
Total Saleable
Area (Mn Sqft)
19
20
45% saleable area already sold in Blu - Rs. 4,425 pre tax cashflows over next 3 years.
Projects Pipeline
Projects Launched in FY 13
1.
BLU, Worli, Mumbai 7-Star luxury residential complex spread over 10 acres in South Mumbai with
breathtaking sea views
2.
IB Golf City, Savroli, MMR Premium residential township with 18-hole golf course spread over 350
acres of greens
Launch Pipeline FY 14
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1.
IB City, Sonepat, Haryana 150 Acres of integrated township with plotted development, commercial
and group housing
2.
IB Enigma II, Sec 104, Gurgaon Super premium residential complex with Villas and high rise towers
spread over 34 acres
3.
IB Imperial, Sec 106, Gurgaon 54 Acres of Integrated township with high end residential
apartments, villas, luxury retail and commercial
4.
IB Commercial Centre, Sec 109, Gurgaon Over 5 acres of commercial development on the Dwarka
Expressway
5.
IB Greens, Chennai Premium residential township with high rise towers near the IT corridor spread
over 32 acres
6.
IB Mint, Sec 104, Gurgaon Iconic Commercial tower on the Dwarka Expressway
7.
IB Greens, Indore - 15 Acres of Integrated township with high end residential apartments, retail and
commercial in the heart of the city
8.
IB Mega Mall, Agra & Kanpur Destination mall/multiplex in the heart of the city
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Execution US $6.1 billion capex over next 4 years for 5,400 MW. Phase I (2,700 MW) construction
in full swing (~5,000 workers on site)
For both Phases (entire 5,400 MW) Land, Water and Coal clearances in place
Results
Annual run-rate 20 billion units of electricity generation to be achieved by March 13 and 40
billion units of annual run-rate to be achieved by March 14
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Execution
Execution - construction is in full swing with ~5,000 people working on the sites.
Scope / Work
BHEL
Shapoorji Pallonji
BTG Civil
Shapoorji Pallonji
BTG - Structural
Gannon Dunkerley
Chimney
Cooling Tower
L&T
Areva
Power Transformer
ABB
400 KV Switchyard
Tariffs 1200 MW already tied up on a long term 25 year Power Purchase Agreement with Maharashtra
State utility at Rs 3.26/unit. Another 950 MW from Nashik plant approved by MSEDCL at Rs. 3.42/unit.
Cash flows Assuming Rs 1/unit margin (difference between sales price and cost of generation), cash
generation from average of 25 billion units produced in FY 13-14 would be US$ 600 million by March-2014.
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Thank You
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