Page 7 - Kolte Patil AR 2019-20

TRANSFORMATIVE JOURNEY

1991: Company Incorporated as Kolte- 2011: The Company launched its investment firm, KKR, for R1 sector of
Patil Developers Private Limited in 390-acre township Life Republic near Life Republic.
Pune. Hinjewadi, Pune
2019: The Company reported record
1994: The Company entered the 2013: The Company entered the sales of 2.7 million square feet during
Bengaluru real estate market. Mumbai real estate market and signed FY19.
three society redevelopment projects
2007: The Company went public 2019: The Company crossed the
following a successful IPO, raising in the first year of operations milestone of developing 20 million
C275 Crore. It was listed on the 2015: The Company crossed the square feet of development
Bombay Stock Exchange and National milestone of developing 10 million 2020: The Company recorded the
Stock Exchange. square feet of residential area
highest collections of C1,368 Crore, in
2007-11: The Company signed joint 2015: The Company entered into its three-decade existence
ventures with ICICI Ventures, Portman a C120 Crore transaction with a 2020: The Company received OC for
Holdings and IL&FS for numerous JP Morgan India subsidiary for its Jai Vijay, a milestone in its Mumbai
projects. redevelopment project Jay-Vijay in Vile property re-development journey. Jai
Parle, Mumbai
2010: The Company launched ‘24K’ Vijay is the Company’s flagship project
to cater to the increasing luxury real 2017: The Company received an in Mumbai and one of the largest
estate demand. investment of C193 Crore from global redevelopment projects in the Vile
Parle East micro-market.

RECOGNITION
Kolte-Patil is a respected industry player, reflected in various awards received from a range of
institutions in recognition of its achievements.

FY20
y yTimes Realty Icons - Best Realtor y yRealty Plus - Developer of the Year y yRealty Plus - Luxury Project of the
2019 KPDL Residential year- 24K Stargaze
y yABP News - Brand Excellence in Real y yET Now - Most Trusted Brand y yCNN NEWS18 - Integrated township
Estate y yET Now - CSR Initiative of the Year in of the year – Life Republic
y yCNN NEWS18 - Developer of the Year Real Estate Sector y yET Now - Innovative marketing
Residential y yET Now - Luxury Project of the year - campaign of the year –Life Republic
24K Stargaze Zabardus Campaign
This is how we performed in FY20

The Company has adopted IND AS 115 during Q1 FY19, effective from 1 April, 2018 and has opted for modified retrospective
method. In order to facilitate like-to-like comparison and continuity of information flow, financials based on the erstwhile
applicable Percentage of Completion Method (POCM) of accounting for revenue recognition have been shown
Financial highlights Operational highlights

y yRevenues strengthened 2.6 % y yCollections grew 10% to C1,368 Crore, the stake in Life Republic (first tranche of C70 Crore
YoY to C1226 Crore compared to highest ever in the Company’s three-decade was paid in March, 2019).
C1195 Crore in FY19 history y ySigned three new projects with a saleable
y yEBITDA declined by 15.1% y yOverall sales volumes stood at 2.5 msf in potential ~1.2 million square feet in Pune under
YoY to C256.1 Crore compared FY20 driven by Ivy Estate, Western Avenue, 24 the Development Management Model
to C301.6 Crore in FY19 K Pune Portfolio and Bengaluru projects and y yDelivered superior returns (IRR of 23.1% over
y yPAT (pre-minority interest) Life Republic. Recorded second consecutive 45 months) to Motilal Oswal Real Estate from
increased by 11.8% YoY to year of ~1 msf of sales at Life Republic City Avenue project in Wakad, Pune
C148.6 Crore compared to y yReceived IOD approvals for Goregaon and y yDelivered 1.86 msf (OC for 1,601 units) in
C132.9 Crore in FY19 Dahisar redevelopment projects in Mumbai - to Jay Vijay, Mirabilis, Western Avenue and Life
y yPAT (post-minority interest) be launched in FY21. Republic
declined by 12.2 % YoY to y yReceived OC for Jai Vijay, a milestone in y yUndertook strategic land monetisation of
C137.5 Crore compared to its Mumbai property re-development journey. ~5.42 acres of Sector R10 of Life Republic for
C122.5 Crore in FY19 Jai Vijay is the Company’s flagship project in C91 Crore (residential development potential
y yEBITDA margin remained Mumbai and one of the largest redevelopment of 7.6 Lakh sq. ft. of saleable area) to be
stable around 20.9% projects in the Vile Parle East micro-market. developed by Kolte-Patil I-Ven Townships
y yNet debt declined by C83 y yCompleted the second tranche payment of (Pune) Ltd. (KPIT) and Planet Smart City around
Crore YoY to C434 Crore C70 Crore for the buyout of ICICI Venture’s 50% a profit sharing model (post-Balance Sheet
development).

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