Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q2 FY2018 Earnings Presentation
32 slides from Peninsula Land's earnings presentation, 2017
Slide 1: Results Presentation Q2 FY 2018
Results Presentation Q2 FY 2018
Slide 2: Company overview
Company overview Focus on 3 cities Trusted Brand Fully Paid-for land Focus on Execution Mumbai, Pune and Strong existing clientele Bengaluru 20 Years Pioneer in Mumbai real estate market Of track record of First retail mall in the city real estate development First textile mill re-development projec
Slide 3: Robust pipeline and renewed geographic focus
Robust pipeline and renewed geographic focus Presence in Key urban Tier 1 & 2 Cities in Western & Southern India Completed Ongoing Pipeline No of Projects Area (mn sq ft) No of Projects Area (mn sq ft) No of Projects Area (mn sq ft) Mumbai 12 6.4 4 1.6 2 1.2 Pune 1 0.5 2 6.8 Bengaluru 1 0.6 1 0.6 A
Slide 4: Project Status of Ongoing Projects
Project Status of Ongoing Projects BishopsGate, 81% Mumbai 93 Celestia Spaces 59% (PLL Share), Mumbai 490 Carmichael 80% Residences, Mumbai 146 Salsette 27 12% Byculla, Mumbai 915 Peninsula Heights, 64% Bengaluru 620 Ashok Nirvaan, 62% Lonavala 352 98% Ashok Beleza, Goa 200 % Completion Saleable Are
Slide 5: Business Updates
Business Updates [el
Slide 6: Business Updates in Q2 FY 18
Business Updates in Q2 FY 18 New Sales Bookings / Collections Sold 103,503 Sq. ft. during Q2 FY18 as against 135,140 Sq. ft. during Q2 FY 17 Recorded new sales value of Rs. 244 Cr during Q2 FY18, as against Rs. 235 Cr during Q2 FY 17 Recorded new sales value of Rs. 352 Cr during H1 FY18, as against
Slide 7: Financials Overview
Financials Overview [el
Slide 8: Key financial snapshot (standalone)
Key financial snapshot (standalone) Particulars (Rs. Cr) Q2FY18 Q2FY17 FY17 Income Statement Income from Operations 24 13 265 Profit before Interest & Exceptional Items 37 36 68 Interest 64 37 170 Profit after Interest, before Exceptional Items (27) (2) (102) Exceptional Items (20) - - PBT (47) (2)
Slide 9: Profit and Loss (standalone)
Profit and Loss (standalone) P&L Snapshot (Rs. Cr) Q2FY18 Q2FY17 H1FY18 H1FY17 Income Total Income from operations (Gross) 24.4 13.2 99.6 37.4 Other Income 50.5 51.1 104.7 96.6 Total Revenue 74.9 64.3 204.4 134.0 Expenses a) Cost of Realty Sales 13.1 51.0 89.3 102.6 b) Changes in inventories of FG,
Slide 10: Debt profile
Debt profile Particulars (Rs. Cr) 30.09.17 31.03.17 Standalone Total Debt 2,247 2,182 Less: Cash & Cash equivalents 58 124 Net Debt 2,189 2,058 Net Worth 1,629 1,705 Debt Equity – Gross Borrowing (x) 1.38 1.28 Debt Equity – Net Borrowing (x) 1.34 1.21 ICRA and Brickworks A rating for long term loan
Slide 11: Projects Overview
Projects Overview [el
Slide 12: Details of Ongoing Projects - Q2 FY 2018
Details of Ongoing Projects - Q2 FY 2018 Up to last Quarter Q2 Total Collecti PLL on No Avg. No Avg. No Avg. Projects Share Area Sales Area Sales Area Sales (Rs. of Reali- of Reali- of Reali- (%) Sold Value Sold Value Sold Value Crs) Units zation Units zation Units zation (sft ) (Rs.Cr) (sft ) (Rs.C
Slide 13: Summary of Ongoing projects – till Sep '17 (cumulative)
Summary of Ongoing projects – till Sep ‘17 (cumulative) Saleable Area Sold Average PLL Share No of Units Sales Value Collections Projects Area (sq ft Location (sq ft in Realization (%) Sold (Rs. Cr) (Rs. Cr) in 000’s) 000’s) (Rs. / sq ft) Residential-Ongoing Bishopsgate 93 Mumbai 50% 10 78 540 69,61
Slide 14: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects PLL Share Area Sale Work Sold Value of % of Sales Comple- Revenue Balance Project (sq ft Area Sold Complete tion Recognized Revenue Revenue % Revenue ‘000s) (Rs. Cr) Recognized to be Recognized Bishopsgate 78 540 83% 81% 439 50% 270 220 50 Celestia Spaces-P
Slide 15: Project pipeline
Project pipeline Saleable Area Development Projects Location PLL Share (%) JV Partner (sq ft In ‘000s) Model PMC of 8% + Celestia Spaces, Sewree Phase 2 1,200 Mumbai JV Bhattads JV of 18% NapeanSea Road 49 Mumbai JV 100% Mahadeopura 631 Bengaluru Owned 100% - Delta & Clover Tathavade 772 Pune JV 56%
Slide 16: Bishopsgate
Bishopsgate PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 50% KBK Group 93 Nos. Area Sales Avg. Construction % Sales Collection Of units Sold Value Realization Milestone Completion (Rs. Cr) (‘000 sq ft ) (Rs.Cr) (Rs./sqft) Till Q1, FY 18 80% 83% Q1, FY 18 1 8 55 70,968 62 Q2, FY
Slide 17: Bishopsgate-Current status
Bishopsgate-Current status March 2017 CURRENT STATUS 17
Slide 18: Celestia Spaces (PLL Share)
Celestia Spaces (PLL Share) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 100% - 490 Nos. Area Avg. Sales Construction % Sales of Sold Reali- Collection Value Milestone Completion units (‘000 zation (Rs. Cr) (Rs.Cr) sq ft ) (Rs./sqft) Till Q1, FY 18 54% 46% Q1, FY 18 (8) (14) (31
Slide 19: Celestia Spaces-Current Status
Celestia Spaces-Current Status March 2017 CURRENT STATUS 12Th Floor in progress 23rd Floor in progress 19
Slide 20: Carmichael Residences
Carmichael Residences PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 40% KBK Group 146 Nos. Sales Avg. Construction % Sales Area Sold Collection of units Value Realization Milestone Completion (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 18 79% 50% Q1, FY 18 - - - - 29 Q2
Slide 21: Carmichael Residences-Current Status
Carmichael Residences-Current Status March 2017 CURRENT STATUS Terrace Bldg. RCC Slab Completed P2 Slab in Progress 2nd Residential Floor in Progress P2 Slab in Progress 21
Slide 22: Salsette 27
Salsette 27 PLL Saleable Area Location Share JV Partner (000’s sq ft.) Byculla, 57% PREI Fund 915 Mumbai Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 7 9 31 33,738 32 Q2, FY 18 4 6 16 28,
Slide 23: Salsette 27 - Current Status
Salsette 27 - Current Status March 2017 CURRENT STATUS Tower A Excavation in progress Nearby South-East Corner Tower A Excavation in progress Tower A Raft Completed. WIP - Level B3 On East Side On North Side Tower B Excavation in progress Demolition Completed Tower B Raft Completed. WIP - B2 & B3 23
Slide 24: Ashok Meadows (Phase 1)
Ashok Meadows (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Hinjewadi, Peninsula Realty 55% 507 Pune Fund & Clover Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 11 16 8 4,928 11 Q2, FY 18 5 7 3 4,636 13 Ti
Slide 25: Peninsula Heights, JP Nagar
Peninsula Heights, JP Nagar PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Bengaluru 80% 620 Realty Fund Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 7 32 33 10,251
Slide 26: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status March 2017 Tower B – 1st floor level slab under progress 26
Slide 27: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status CURRENT STATUS RCC & Blockwork Completed Currently Terrace Slab WIP Tower B – 1st floor level slab under progress Tower A West Side view Tower-B North View 27
Slide 28: Ashok Astoria (Phase 1)
Ashok Astoria (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Nashik 100% - 498 Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 13 31 11 3,559 7 Q2, FY 18 3 (3) (1) - 8 Till YTD FY 18 16 28 9 3,438 15 Till Dat
Slide 29: Ashok Nirvaan
Ashok Nirvaan PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Lonavala 25% 352 Realty Fund Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 - - - - 4 Till Q1, FY 18 61% 2
Slide 30: Ashok Beleza
Ashok Beleza PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Realty Goa (Plot B&C) 58% 200 Fund Peninsula Realty Goa (Plot A) 58% 115 Fund Plot B &C Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 - - (1) - 6 Co
Slide 31: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 32: Thank You
[am] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP