Corporate Analyst Presentation 4th 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 – 36.49%

*FII & FPI Shareholding - 44.86%

Land Reserves - 199.07 Million Sq. Ft.

Largest Land Bank Owner in Mumbai

Metropolitan Region

* On 31/03/2017

Project Mix

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Residential

Commercial

Retail

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

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

•Ongoing Projects – 12,559,035

•Ongoing Projects– 28,257,810 •Planned Projects- 131,749,589

SRA

Ongoing Projects Segment wise Breakup & Saleable Area as on 31 March, 2017.

Residential Commercial & Retail SRA

64.77% 6.45%

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 14,882,810

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 28,257,810

Paradise City

Galaxy

as on March 31, 2017.

Residency Park

4

Affordable Housing Project Update

Affordable Housing - ‘Budget Homes’

5

HDIL has launched its first flagship project

under Budget Homes – “The Nest” in Mulund

The First phase of the project was launched

in April with approx. 250 no. of units of which

80% units have already been sold

Second phase with another 250 no. of units

will be launched soon

Company will soon be launching Budget

Homes in other parts of Mumbai viz. Kurla,

Vikhroli, Goregaon, Virar, Palghar

The ticket size in Mumbai will be in the range

of 45-60 lacs and outside Mumbai 15-25 lacs

Apartments will have saleable area of approx.

500 sq.ft.

These projects have a potential to add 1500-

2000 no. of units

The Nest – Construction Progress (Phase I)

6

7

The Nest – Construction Progress (Phase I)

8

Other Projects Update

Majestic Tower (Sale Building)

9

10

MAJESTIC TOWER (SRA BUILDING)

Meadows, Goregaon

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12

Meadows, Goregaon

13

PARADISE CITY (PALGHAR)

Financials: Results 4th Quarter 2016-17

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Key Development: 4th Quarter 2016-17

1. Income recognized in this Quarter - FSI sales

of 10 lacs sq.ft. in Planet HDIL, Virar & TDR

sales of approx. 1 lacs sq.ft.

2. Planet HDIL project monetisation started

3. Company targets sell of 3-4 million sq.ft. of

FSI every year in Planet HDIL

4. Consolidated Net Debt stands at Rs.2346.16

Cr. a reduction of 13.45% yoy

5. Cash and cash equivalents Rs. 160.04 cr

6. TDR price – Approx. ~ Rs. 3500 per sq.ft.

7. Company has awarded Construction

contracts of approx. Rs. 350 Cr to speed up

construction of existing projects

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Financial Ratio

16

Note:

Cash On Hand: 160.04

LRD: 75.00

Net Debt: 2346.16 All Figure in INR Crore.

Particulars Consolidated

Quarter Ended

31-Mar-17 31-Dec-16 Growth % 31-Mar-17 31-Mar-16 Growth %

Turnover (Net) 132.09 112.42 17.50% 132.09 343.40 -61.53%

Other Income 21.27 4.02 429.10% 21.27 4.87 336.76%

Total Income 153.36 116.44 31.71% 153.36 348.27 -55.97%

PBT&E 75.79 53.27 42.28% 75.79 60.26 25.77%

PBT % to income 49.42% 45.75% 49.42% 17.30%

EBIDTA 87.28 65.17 33.93% 87.28 74.74 16.78%

EBIDTA % to income 56.91% 55.97% 56.91% 21.46%

PAT 60.59 40.25 50.53% 60.58 47.40 27.81%

PAT % to income 39.51% 34.57% 39.50% 13.61%

Net worth 11,476.00 11,409.33 0.58% 11,476.00 11,141.52 3.00%

Debt 2,581.66 2,866.47 -9.94% 2,581.66 2,982.40 -13.44%

Debt Equity ratio 0.22 0.25 0.22 0.27

EPS -Basic 1.40 0.93 1.40 1.34

- Diluted 1.40 0.93 1.40 1.34

Sales Trend

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

#Seasonally weak quarter due to monsoon

Q3 weak due to Demonitisation

363.8

#224.9

#165.3

76.6

160.1

Q4FY2015-16

Q1FY2016-17

Q2FY2016-17

Q3FY2016-17

Q4FY2016-17

Consolidated Debt Analysis

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Gross Debt 2581.16

Lease Rental Discounting 75.00

Cash & cash equivalents 160.04

Net Debt 2346.16

All Figure in INR Crore.

13.45%

2982.4

2581.16

Q4FY16 Q4FY17

Consolidated Financial Ratios

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PAT

EPS PAT Figure in INR Cr

0.93

1.40

Dec-16 Mar-17

50.54%

40.25

60.59

Dec-16 Mar-17

50.53%

Balance Sheet Consolidated (Audited)

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Particulars As at 31st March, 2017 As at 31st December, 2016 As at 31st March, 2016

(A) ASSETS

Non-current assets

(a) Property, Plant and Equipment 1,165,746,262 1,178,417,763 1,314,068,442

(b) Investment Property 1,082,867,576 1,087,516,030 1,101,667,749

(c) Other Intangible assets 1,724,488 1,230,896 391,179

(i) Investments 165,174,570 165,175,570 165,209,570

(ii) Others 9,232,065 8,330,690 9,448,613

(e) Other non-current assets 1,038,088,166 1,031,222,969 861,636,504

Current assets

(a) Inventories 148,401,368,591 140,781,799,380 136,389,335,095

(b) Financial Assets

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

(ii) Trade receivables 3,066,644,769 3,473,693,661 2,635,064,134

(iii) Cash and cash equivalents 166,762,206 56,027,027 382,003,452

(iv) Bank balances other than (iii) above 1,103,098,647 1,117,947,204 1,038,799,102

(v) Others 2,437,195,465 2,484,413,062 2,965,187,797

(c) Current Tax Assets (Net)

(c) Other current assets 24,128,995,362 27,922,109,541 29,481,490,704

Total Assets 182,856,383,369 179,397,368,995 176,433,787,543

EQUITY AND LIABILITIES

(a) Equity Share capital 4,340,039,860 4,340,039,860 4,190,039,860

(b) Other Equity 110,419,993,480 109,753,342,709 107,225,164,705

(c) Minority interest 71,619,337 71,680,505 72,688,843

(A) LIABILITIES

Non-current liabilities

(a) Financial Liabilities

(i) Borrowings 16,280,536,987 19,831,077,782 22,107,544,356

(ii) Trade payables

(ii) Other financial liabilities 18,929,464 19,197,672 20,017,199

(b) Provisions 33,768,819 33,913,942 22,715,193

(c) Deferred tax liabilities (Net) 320,678,201 321,900,222 195,885,659

(d) Other non-current liabilities

(B) Current liabilities

(a) Financial Liabilities

(i) Borrowings 8,485,061,854 7,861,909,695 6,189,624,441

(ii) Trade payables 5,391,174,843 4,155,874,684 4,897,811,509

(iii) Other financial liabilities 8,781,589,452 7,895,939,310 6,663,617,601

(b) Other current liabilities 27,041,815,474 23,572,399,229 23,330,500,374

(c) Provisions 41,533,515 44,678,932 47,264,137

(d) Current Tax Liabilities (Net) 1,629,642,083 1,495,414,453 1,470,913,666

Total Equity and Liabilities 182,856,383,369 179,397,368,995 176,433,787,543

P&L Consolidated (Audited)

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Particulars Quarter ended

31st March, 2017 Quarter ended

31st December, 2016 Quarter ended

31st March, 2016

Revenue From Operations 1,320,895,337 1,124,231,136 3,434,005,800

Other Income 212,757,397 40,216,434 48,698,053

Total Income (I+II) 1,533,652,734 1,164,447,570 3,482,703,853

EXPENSES

Cost of materials consumed 7,986,273,709 1,394,255,317 1,830,492,601

Changes in inventories of finished goods, Stock-in -Trade and work-in-progress (8,442,681,921) (2,023,564,332) (820,126,448)

Employee benefits expense 77,897,199 93,232,531 106,946,153

Finance costs 1,003,020,597 1,042,630,851 1,352,232,334

Depreciation and amortization expense 17,605,041 18,634,040 17,793,139

Other expenses 133,585,830 106,495,092 392,764,680

Total expenses (IV) 775,700,455 631,683,499 2,880,102,459

Profit/(loss) before exceptional items and tax (I- IV) 757,952,279 532,764,071 602,601,394

Profit/(loss) before tax (V-VI) 757,952,279 532,764,071 602,601,394

Tax expense:

(1) Current tax 150,303,602 244,370,350 123,507,569

(2) Deferred tax (1,222,211) 126,176,278 3,497,369

149,081,391 370,546,628 127,004,938

Profit (Loss) for the period from continuing operations (VII-VIII) 608,870,888 162,217,443 475,596,456

Profit/(loss) for the period (IX+XII) 608,870,888 162,217,443 475,596,456

Minority interest - share of (loss)/profit (61,394) (93,672) (103,330)

Net profit after tax, minoroty interest and share of profit/(loss) 608,932,282 162,311,115 475,699,786

Other Comprehensive Income

Remeasurements of the defined benefit plans (3,036,920) 209,608 (5,443)

(c) Equity Instruments through Other Comprehensive Income

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

240,000,000

(3,036,920) 240,209,608 (1,660,521)

Total Comprehensive Income for the period (XIII+XIV) 605,895,362 402,520,723 474,039,265

Earnings per equity share (for continuing operation):

(1) Basic 1.40 0.93 1.34

(2) Diluted 1.40 0.93 1.34

Consolidated Cash Flow (Audited)

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Particulars Year ended

31st March, 2017

(Audited) A Cash flow from operating activities

Net profit before tax 2,116,801,291

Adjustments for :

Depreciation and amortisation expense 75,013,309

Interest expenses 4,282,448,053

Interest received (104,757,140)

Dividend received (1,172,520)

Remeasurements of the defined benefit plans -

Profit on sale of fixed assets (55,328)

Profit on sale of investments (61,847,900) 4,189,628,475

Operating profit before working capital changes 6,306,429,765 Movements in working capital :

Decrease / (Increase) in inventory (12,012,033,496)

Decrease / (Increase) in trade receivable (431,580,635)

Decrease / (Increase) in other receivables 5,895,847,437

(Decrease) / Increase in trade and other payables 6,750,671,578

Net movement in working capital 202,904,884

Cash generated from operations 6,509,334,649

Less : Direct taxes paid (net of refunds) 236,087,478

Net cash from operating activities 6,273,247,171 B Cash flows from investing activities

Interest received 104,757,140

Dividend received 1,172,520

Purchase of fixed assets (2,866,904)

Proceeds from sale of investments 170,033,000

Sale of fixed assets 93,702,818

Net cash from investing activities 366,798,574 C Cash flows from financing activities

Proceeds from borrowings 643,707,570

Repayment of borrowings (4,651,048,282) Proceeds from share warrants

Increase in share capital including share premium 1,500,000,000 Share issue expenses

Interest paid (4,282,448,053)

Net cash used in financing activities (6,789,788,765)

Net increase in cash and cash equivalents (A + B + C) (149,743,020)

Cash and cash equivalents at the beginning of the year 1,420,802,554

Less : Delink of subsidiary 1,198,681

Cash and cash equivalents at the end of the year 1,269,860,853

Components of cash and cash equivalents as at 31st March 2017

Cash on hand 11,088,120

With banks - on current account 149,040,543

- on Escrow account 6,633,543

- on deposit account * 1,103,098,647

Total 1,269,860,853

Disclaimer

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This investor analyst 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