Analyst Presentation 2st Quarter 2016-17

Company Overview

1

Promoters:

– Executive Chairman

• Mr. Rakesh Kumar Wadhawan

– Vice Chairman & Managing Director

• Mr. Sarang Wadhawan

Three Decades of Expertise in Real Estate

sector

*Promoter Shareholding - 34.25%

*FII & FPI Shareholding - 48.94%

Land Reserves - 200.47 Million Sq. Ft.

Largest Land Bank Owner in Mumbai

Metropolitan Region

* On 02/09/2016

Project Mix

2

Residential

Commercial

Retail

•Ongoing Projects – 2,750,000 •Planned Projects - 6,960,000

•Ongoing Projects – 64,456 •Planned Projects - 16,727,821

•Ongoing Projects – 12,959,035

•Ongoing Projects– 29,257,810 •Planned Projects- 131,749,589

SRA

Ongoing Projects Segment wise Breakup & Saleable Area as on 30 September, 2016.

*SRA includes TDR component of 6.75 million sq.ft. to be generated over 18-24 months

Residential Commercial & Retail SRA

64.97% 6.25%

28.78%

Ongoing Residential Portfolio

3

BKC

Churchgate

Virar

Churc

hgate

to V

irar

(52 k

ms)

Bandra

to V

irar

(30 k

ms)

Suburb

an R

ail R

oute

Premier Exotica

Majestic Towers

Whispering Tower

Berkeley Square

Daulat Nagar

Planet HDIL

Ekta Nagar

Project Saleable Area (in Sq.ft.)

Galaxy 175,000

Planet HDIL Phase I 15,882,810

Paradise City 5,000,000

Ekta Nagar 1,500,000

Majestic 1,300,000

Meadows - Phase I 1,000,000

Whispering Towers-Phase I 1,200,000

Whispering Towers-Phase II 800,000

Premier Exotica Phase II 800,000

Berkeley Square 900,000

Premier Exotica Phase I 700,000

Total 29,257,810

Paradise City

Galaxy

as on September 30, 2016.

Residency Park

4

Project Update

5

PARADISE CITY (PALGHAR)

Possession commenced in 3rd quarter

6

BERKELEY SQUARE (GHATKOPAR)

Redevelopment Completed. Handing over started.

7

WHISPERING TOWER (SRA BUILDING)

Whispering Tower, Mulund(W)

8

Majestic Tower (Sale Building)

9

10

MAJESTIC TOWER (SRA BUILDING)

Premier Exotica Phase II (Possession commenced)

11

Financials: Results 2nd Quarter 2016-17

12

Key Development: 2nd Quarter 2016-17

1. Income recognized in this Quarter from Metropolis residential

project & TDR

2. The Share Capital of company increased by Rs.150 Cr.

3. Q2 FY16 results include income tax write back of Rs. 74.88 Cr.

Hence the two quarters can not be compared

4. Consolidated Net Debt stands at Rs.2647.95 Cr.

5. Cash and cash equivalents Rs. 164.45 cr

6. TDR sold during the quarter – 1.50 lakh sq.ft for Kurla SRA

project.

7. TDR price – Approx ~ Rs. 3750 per sq.ft.

8. Overall TDR expected – 6.75 million sq.ft. in the next 18 months

9. Unlock the potential investment in Kurla SRA project

10. Initiated process to sell FSI in Pant nagar project.

11. Residential sales weak in 2nd quarter due to Monsoon. Tends to

continue in 3nd quarter also on account of demonetisation.

13

Metropolis

Financial Ratio

14

Note:

Cash On Hand: 164.45

LRD: 75.00

Net Debt: 2647.95 All Figure in INR Crore.

Particulars Standalone Consolidated

Quarter Ended Quarter Ended

30-Sep-16 30-Sep-15 Growth % 30-Sep-16 30-Sep-15 Growth %

Turnover (Net) 218.51 236.72 -7.69% 218.54 236.76 -7.70%

Other Income 4.88 6.12 -20.26% 4.71 5.98 -21.24%

Total Income 223.39 242.84 -8.01% 223.25 242.74 -8.03%

PBT&E 37.11 67.58 -45.09% 37.55 67.37 -44.26%

PBT % to income 16.61% 27.83% 16.82% 27.75%

EBIDTA 53.94 82.45 -34.58% 54.44 92.32 -41.03%

EBIDTA % to income 24.15% 33.95% 24.39% 38.03%

PAT 36.57 132.19 -72.34% 36.80 131.93 -72.11%

PAT % to income 16.37% 54.44% 16.48% 54.35%

Net worth 11,223.44 10,846.01 3.48% 11,369.09 10,991.54 3.43%

Debt 2,012.61 2,338.57 -13.94% 2,887.40 3,265.24 -11.57%

Debt Equity ratio 0.18 0.22 0.25 0.30

EPS -Basic 0.85 3.15 0.86 3.17

- Diluted 0.85 3.15 0.86 3.17

Inventories 11,190.31 11,061.65 1.16% 13,875.82 13,459.97 3.09%

Major Ongoing Project- Sales and Cashflow Status

15

Project Pre Sales

in Q2 FY

16-17

Existing

Avg. sales

price

Sales

Turnover Customer

Collection

Sq.Ft. INR Cr. INR Cr. INR

Meadows - Phase I

6500 14450 9.39 4.51

Whispering Towers-Phase I

14500 13300 19.29 9.26

Whispering Towers-Phase II

12500 13300 16.63 7.15

Majestic

15500 12000 18.60 10.97

Premier Exotica Phase II

21500 14500 31.18 16.52

Premier Exotica Phase I

25500 14500 36.98 20.34

Palghar Township (Phase I & II) 95000 3500 33.25 14.96

Total 191000 165.30 83.71

*Sales Figure in INR Cr

224.9

165.3

Q1FY2016-17

Q2FY2016-17

Sales Trend

16

Sales Figure in INR Cr *Sales figure does not include TDR

#Seasonally weak quarter due to monsoon

#353.2 #341.6

389.19

363.8

#224.9

#165.3

Q1FY2015-16

Q2FY2015-16

Q3FY2015-16

Q4FY2015-16

Q1FY2016-17

Q2FY2016-17

Projected Cash flows for Unsold Inventory

17

Project Total Saleable

Area Unsold Inventory as on

30 June 16 Sales in Q2FY16-17

Unsold Inventory as on 30 September16

Sales Price* Value (Rs. In Cr.)

Sq.Ft. Cr. INR Cr. INR Cr. INR

Meadows - Phase I 1,000,000 185,639 6,500 179,139 14,450 2,588,552,370

Whispering Towers-Phase I 1,200,000 525,950 14,500 511,450 13,300 6,802,280,175

Whispering Towers-Phase II 800,000 336,018 12,500 323,518 13,300 4,302,787,943

Majestic 1,300,000 427,511 15,500 412,011 12,000 4,944,131,732

Premier Exotica Phase II 800,000 246,380 21,500 224,880 14,500 3,260,766,360

Premier Exotica Phase I 700,000 148,207 25,500 122,707 14,500 1,779,248,085

Palghar Township (Phase I & II) 5,000,000 325,358 95,000 230,358 3,500 806,253,557

Total

10,800,000 2,195,062 191,000 2,004,062 24,484,020,221

Consolidated Debt Analysis

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Gross Debt 2887.4

Lease Rental Discounting 75.00

Cash & cash equivalents 164.45

Net Debt 2647.95

All Figure in INR Crore.

3265.24

2887.4

Q2FY16 Q2FY17

11.57%

Consolidated Financial Ratios

19

PAT

EPS

PAT Figure in INR Cr

Note:Q2 FY16 results include income tax write

back of Rs. 74.88 Cr. Hence the two quarters can

not be compared

131.9

36.8

Sep-16 Sep-17 3.17

0.86

Sep-16 Sep-17

Balance Sheet Consolidated (Unaudited)

20

Particulars As at 30th September, 2016 As at 30th September, 2015

ASSETS

Non-current assets

Property, Plant and Equipment 1,285,525,970 1,172,138,826

Investment Property 1,092,267,663 1,351,716,482

Other Intangible assets 1,068,777 631,191

Financial Assets

(i) Investments 165,175,570 167,709,570

(ii) Others 9,498,359 9,428,663

Other non-current assets 973,855,656 768,514,708

Current assets

Inventories 138,758,235,048 134,599,693,336

Financial Assets

(i) Investments 89,485,202 89,485,202

(ii) Trade receivables 3,456,861,570 2,334,932,754

(iii) Cash and cash equivalents 222,163,073 303,165,076

(iv) Bank balances other than (iii) above 1,117,937,461 1,641,210,104

(v) Others 2,587,825,945 3,658,295,282

Other current assets 27,730,157,577 32,308,563,842

Total Assets 177,490,057,872 178,405,485,036

EQUITY AND LIABILITIES

Equity Share capital 4,340,039,860 4,190,039,860

Other Equity 109,350,822,243 105,725,382,562

Minority interest 71,773,920 72,915,711

LIABILITIES

Non-current liabilities

Financial Liabilities

(i) Borrowings 20,436,553,275 24,633,994,199

(ii) Other financial liabilities 19,471,840 20,562,555

Provisions 27,746,157 22,218,465

Deferred tax liabilities (Net) 195,723,944 201,541,060

Current liabilities

Financial Liabilities

(i) Borrowings 7,285,317,475 4,822,114,758

(ii) Trade payables 4,471,601,611 4,626,060,610

(iii) Other financial liabilities 6,816,605,876 6,782,064,660

Other current liabilities 22,925,310,348 25,723,803,123

Provisions 51,012,837 32,770,105

Current Tax Liabilities (Net) 1,498,078,486 1,552,017,368

Total Equity and Liabilities 177,490,057,872 178,405,485,036

P&L Consolidated (Unaudited)

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(Amount in Rs `)

Particulars Quarter ended

30th September, 2016 Quarter ended

30th September, 2015

Revenue From Operations 2185434984.00 2367570717.00

Other Income 47136581.80 59810811.00

Total Income 2232571565.80 2427381528.00

EXPENSES

Cost of materials consumed 1205475084.20 1895600705.00

Changes in inventories of finished goods, Stock-in -Trade and work-in-progress (696463748.02) (1771319640.00)

Employee benefits expense 109224675.00 114553612.00

Finance costs 1090753543.05 1351084121.00

Depreciation and amortization expense 19087128.76 20555643.00

Other expenses 128983772.35 143225488.00

Total expenses 1857060455.34 1753699929.00

Profit/(loss) before exceptional items and tax 375511110.46 673681599.00

Profit/(loss) before tax 375511110.46 673681599.00

Tax expense:

(1) Current tax 7044721.48 104327690.00

(2) Deferred tax (1661326.00) (1747703.00)

5383395.48 102579987.00

Profit (Loss) for the period from continuing operations 370127714.98 571101612.00

Profit/(loss) for the period 370127714.98 571101612.00

(before minority interest, share of profit/(loss) in associates and jointly controlled entities)

Minority interest - share of (loss)/profit (185305.60) (184612.00)

Net profit after tax, minoroty interest and share of profit/(loss) of associates and jointly controlled entities 370313020.58 571286224.00

Other Comprehensive Income

Items that will not be reclassified to profit or loss

Changes in revaluation surplus 0.00 0.00

Remeasurements of the defined benefit plans (2263569.00) (840958.00)

Depreciation on Investment Property 0.00 (5441.00)

Income tax relating to items that will be reclassified to profit or loss 0.00 748836229.00

Total Comprehensive Income for the period (Comprising Profit (Loss) and Other Comprehensive Income for the period) 368049451.58 1319276054.00

Earnings per equity share (for continuing operation):

(1) Basic 0.86 3.17

(2) Diluted 0.86 3.17

Consolidated Cash Flow (Unaudited)

22

(Amount in Rs`)

Particulars Quarter ended

30th September, 2016

A Cash flow from operating activities

Net profit before tax 375511110.46

Adjustments for :

Depreciation and amortisation expense 19087128.76

Interest expenses 1090753543.05

Interest received (25616703.00)

Dividend received (1172520.00)

Remeasurements of the defined benefit plans 0.00

Profit on sale of fixed assets (55327.80) 1082996121.01

Operating profit before working capital changes 1458507231.47

Movements in working capital :

Decrease / (Increase) in inventory (1915522938.32)

Decrease / (Increase) in trade receivable (1062853013.00)

Decrease / (Increase) in other receivables 1407439537.00

(Decrease) / Increase in trade and other payables 467568995.24

Net movement in working capital (1103367419.08)

Cash generated from operations 355139812.39

Less : Direct taxes paid (net of refunds) 10509864.48

Net cash from operating activities 344629947.91

B Cash flows from investing activities

Interest received 25616703.00

Dividend received 1172520.00

Purchase of fixed assets (34190.00)

Profit on sale of investments

Sale of fixed assets 111111.00

Net cash from investing activities 26866144.00

C Cash flows from financing activities

Proceeds from borrowings 19415286.00

Repayment of borrowings (811531857.00)

Increase in share capital including share premium 1500000000.00

Interest paid (1090753543.05)

Net cash used in financing activities (382870114.05)

Net increase in cash and cash equivalents (A + B + C) (11374022.14)

Cash and cash equivalents at the beginning of the period 1355474555.65

Cash and cash equivalents at the end of the period 1344100533.51

Disclaimer

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This investor presentation has been prepared by Housing Development and Infrastructure Ltd (“HDIL”). and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer.

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 the general business plans and strategy of HDIL, 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 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 the forward-looking statements. These risks and uncertainties include, but are not limited to risks with respect to its real estate business, SEZ business and its infrastructure business.

HDIL 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 HDIL. This presentation is strictly confidential.

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For further information please log on to http://www.hdil.in/ or contact:

Mr. Ashish M. Patil Tel: +91 (22) 67888000 Email: ashish.patil@hdil.in

Thank You