Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q3 FY25 Earnings Presentation
48 slides from Prestige Estates Projects's earnings presentation, January 2025
Slide 1: www.prestigeconstructions.com
www.prestigeconstructions.com
Slide 2: The Prestige City Hyderabad
The Prestige City Hyderabad Artist’s impression 2
Slide 3: Prestige Ocean Towers, Customer Experience Centre, Mumbai
Prestige Ocean Towers, Customer Experience Centre, Mumbai Shot at Location 3
Slide 4: Commercial, Retail, Hospitality, Residential formats
Commercial • Office space • Built-to-suit campuses • Corporate offices • IT parks • Warehouse & industrial park Retail • Malls • Multiplexes • F&B • Luxury Retail • Performing Arts Hospitality • Hotels • Convention Centres • Service Apartments • Resorts • Prestige Golfshire Format Residential • Apar
Slide 5: Scale of Operations
Scale of Operations @ COMPLETED @ ONGOING @ UPCOMING TOTAL: 302 Projects, 193 mn sft TOTAL: 59 Projects, 101 mn sft TOTAL: 65 Projects, 9% mn sft 152 Projects 41 Projects: 37 Projects @ Residential { OO @ Residential { OO @ Residential { 130 mn sft 72mnsft eS 74mn sft 125 Projects 12 Projects 7 Proj
Slide 6: Operational Highlights Q3
Operational Highlights =z 30,135 MN (-43% yoy) PG share: = 29,470 mn (-43% yoy) z= 32,515 MN (+5% yoy) PG share: = 30,580 mn (+6% yoy) AREA SOLD 2.23 mn sft (-59% yoy) PG share: 2.15 mn sft (-59% yoy) UNITS SOLD 888 AVG REALISATION 213,684 /sft c-s0%10 Apt, Villas, Commercial
Slide 7: Operational Highlights 9M
Operational Highlights =z 1,00,657 MN _ (-38% yoy) PG share: = 96,003 mn -37% yoy z= 89,109 MN (+5% yoy) PG share: = 83,095 mn +T% yoy AREA SOLD 8.09 mn sft (-50% yoy) PG share: 7.61 mn sft -49% yoy UNITS SOLD 3,618 AVG REALISATION 213,128 /Sft sx Apt, Villas, Commercial
Slide 8: Projects Launched and Completed
Developable Qtr Project Launched Location Segment Area (Mn sft) Q1 Prestige Camden Gardens Bengaluru Residential 0.34 Q1 Prestige Kings County Bengaluru Residential 1.52 Q2 Prestige Raintree Park Bengaluru Residential 4.67 Q2 Prestige Forest Hills Mulund Mumbai Residential 2.36 Q2 Prestige Pine Fore
Slide 9: Sales by Geography Q3 FY25
58% ₹ 51% ₹ 22% 24% 23% 17% 3% 2% ₹ Bengaluru Mumbai Hyderabad Others Prestige Pine Forest, Bengaluru Q3 FY25 9M FY25 Artist’s impression 9
Slide 10: Sales by Project (₹ mn)
9,189 Q3 FY25 3,345 2,895 2,871 2,802 Prestige Raintree The Prestige City Prestige White Prestige Ocean The Prestige City Park (Hyd) Meadows-Clover Towers Mulund Leaf 25,436 9M FY25 15,188 10,787 8,944 7,459 Prestige The Prestige The Prestige Prestige Ocean Prestige King's Prestige Forest Hills, TPC
Slide 11: Stock Area and Value
4.50 Area of Stock in mn sft: 3.28 Geographical Distribution 9.90 Area of Stock 1.24 10.05 0.39 0.31 0.28 0.15 0.05 mn sft Ongoing Completed Hyderabad Bengaluru Mumbai Calicut Mangaluru Kochi Others # of Units(Total) 4,276 ongoing 4,211 completed 65 Value of Stock in mn: 49,794 Geographical Distribu
Slide 12: Q3 FY25 Financial Results
₹ ₹ ₹ *Mark-to-market loss of ₹584 million recognised on holdings in REIT units during the quarter (as against a gain of ₹ 801 million recognised during Q3 FY24). 12
Slide 13: 9M FY25 Financial Results
₹ ₹ ₹ *Mark-to-market gain of ₹623 million recognised on holdings in REIT units during the 9M FY25 (as against a gain of ₹ 4,368 million recognised during 9M FY24) * 9M FY24 included ₹8,512 mn recognised on acquisition of Prestige (BKC) Realtors Pvt Ltd and Turf Esatte Joint Venture LLP.. 13
Slide 14: 9M FY25 Segment Financials
(in ₹ Million) Others Total 9 Months FY 2024-25 Office Retail Hospitality Services Residential (Note 1) Revenue 2,407 2,080 6,616 3,553 39,501 4,053 58,210 EBITDA (excluding other income) 1,824 1,093 2,385 414 10,408 4,053 20,177 EBITDA % 76% 53% 36% 12% 26% 100% 35% Depreciation 940 429 1,213 131 3
Slide 15: Capital Employed, ROCE and ROE by Segment
(in ₹ Million) 9 Months FY 2024-25 Office Retail Hospitality Services Residential Total Capital Employed Equity A 64,673 15,407 28,463 1,275 46,837 1,56,655 Debt (including ongoing capex) B 29,456 7,919 8,371 21 51,326 97,093 Debt taken for ongoing capex project C 15,599 1,198 - - - 16,797 Debt (exc
Slide 16: Debt Profile as on 31st Dec 2024
₹ 19.80% 8.50% 53.00% 1.20% As on 31st Dec, 2024 17.50% Project Debt- for Residential and Commercial Sales Capex for Office Capex for Retail Capex for Hospitality Lease Rental Discounting 16
Slide 17: Cash Flow Statement
₹ mn Q3 FY25 9M FY 25 OPERATIONAL ACTIVITIES Inflow Residential Collection/ Commercial & Retail Rentals / Property Maintenance / Mall Operations/ Others 38,632 1,05,765 Outflow Construction Cost- Development Business 21,412 48,164 LO Payments /Sales/ Marketing / Admin Overheads & Taxes 8,535 25,766
Slide 18: Business segments
Business segments 18
Slide 19: Prestige Somerville, Bengaluru
Prestige Somerville, Bengaluru Artist’s impression 19
Slide 20: Free Cash Flows from Sales
FREE CASH FLOWS FROM SALES : ₹ 4,93,227 mn CASH FLOW (₹ mn) : ONGOING + COMPLETED PROJECTS CASH FLOW (₹ mn) : UPCOMING PROJECTS FREE CASH FLOWS (₹ mn) 6,09,669 7,18,275 4,00,000 3,50,000 3,61,145 3,50,655 3,50,655 3,00,000 2,20,805 1,42,572 2,50,000 1,36,822 2,00,000 3,518 5,639 1,50,000 Estimated B
Slide 21: Ongoing Residential Projects
Bengaluru Hyderabad 41 Projects 72 mn sft 1 2 3 Prestige White Meadows - Clover Leaf Prestige Primrose Hills - Ph2 Aspen Greens @ TPC 0.50 0.72 0.50 100% 67% 76% 0.50 0.48 0.38 FY 25 FY 25 FY 25 1 2 Prestige Beverly Hills Prestige Clairemont 2.30 3.29 100% 100% 2.30 FY 25 3.29 FY 27 4 Avalon Park @
Slide 22: Ongoing Residential Projects (continued)
Hyderabad 1 Prestige Rock Cliff 0.81 55% 0.45 FY 26 Bengaluru 37 74 2 Prestige Spring Heights 5.05 76% 3.83 FY 25 Projects mn sft 3 Prestige Imperial Park 3.25 76% 2.47 FY 26 4 Residential @ Banjara Hills 0.61 50% 0.31 FY 26 1 Prestige Southern Star Ph I 5.21 94% 4.90 FY 25 Total 9.72 7.06 2 Prestig
Slide 23: Upcoming Residential Projects
Sl No Project Name Location TDA ( Mnsf) GDV Mn 1 Prestige Southern Star Ph I Bengaluru 5.21 35,707 2 Prestige Falcon City Luxe Bengaluru 4.38 50,686 3 Prestige Greenmoor Bengaluru 0.80 10,753 4 Eaton Park @ TPC Bengaluru 1.07 9,095 5 Prestige Suncrest Bengaluru 0.86 6,976 6 Evergreen @ Prestige Rain
Slide 24: Prestige Alphatech, Pune
Prestige Alphatech, Pune Shot at Location 24
Slide 25: Prestige Technostar, Bengaluru
Prestige Technostar, Bengaluru Shot at Location 25
Slide 26: Commercial Portfolio Projected Annuity Income
COMMERCIAL PORTFOLIO PROJECTED ANNUITY INCOME STEP UP (₹ mn) PG Share EXIT RENTALS 33,122 33,122 Q3 FY25 ₹5,227 mn 10,271 ANNUITY INCOME 7,198 7,416 FY28 ₹ 33,122 mn FY25 FY26 FY27 FY28 FY29 Prestige Tech Pacific, Bengaluru Shot at Location 26
Slide 27: Ongoing Commercial Projects
12 Projects 23 mn sft 1 Bengaluru Prestige Lake Shore Drive Ph I 4.02 40% 1.61 FY 25 2 Prestige Tech Hub 1.33 60% 0.80 FY 26 3 Prestige Waterfront 0.54 60% 0.32 FY 26 4 Prestige Tech Habitat 1.04 74% 0.77 FY 27 5 Prestige Tech Forest 3.73 68% 2.54 FY 27 6 Prestige Techzone 2.53 67% 1.70 FY 27 7 Pres
Slide 28: Upcoming Commercial Projects
7 Projects 8 mn sft Bengaluru 1 Prestige Landmark 2.92 50% 1.46 FY 26 2 Prestige Tech park 5 0.14 100% 0.14 FY 26 3 Commercial - Kensington Road 0.08 100% 0.08 FY 26 Total 3.12 1.68 Kolar 1 Shipco (Warehousing) 2.05 70% 1.44 FY 25 Total 2.05 1.44 Kochi 1 Prestige Vantage Point 0.45 60% 0.27 FY 25 2
Slide 29: Commercial Capex Balance to Spend
Value in ₹ mn BALANCE TO SPEND Balance Balance COC PARTICULARS Total COC COC (PG) (PG SHARE) COC (PG) ONGOING COMMERICAL Ongoing Commercial ₹74,929 mn Capex 1,20,520 1,11,055 78,279 74,929 UPCOMING COMMERICAL ₹19,467 mn Upcoming Commercial Capex 21,135 19,905 20,672 19,467 TOTAL Total Capex ₹94,396
Slide 30: Forum South Bengaluru
Forum South Bengaluru Shot at Location 30
Slide 31: Forum Kochi
₹ Forum Kochi Shot at Location 31
Slide 32: Retail Projected Annuity Income
PROJECTED ANNUITY INCOME STEP UP (₹ mn) PG Share EXIT RENTALS Q3 FY25 9,911 ₹ 2,179 mn 7,286 ANNUITY INCOME 2,830 FY28 2,179 2,179 ₹ 9,911 mn FY25 FY26 FY27 FY28 FY29 Forum Rex Walk, Bengaluru 32 Shot at Location
Slide 33: Ongoing and Upcoming Retail Projects
ONGOING 2 Projects 2 mn sft BENGALURU 1 Forum 13o North 1.13 100% 1.13 FY 27 2 Forum TPC Bengaluru 1.27 76% 0.96 FY 28 Total 2.40 2.10 UPCOMING 10 Projects 10 mn sft BENGALURU 1 Forum Park Grove 0.83 76% 0.63 FY 25 2 Forum Mall @ Prestige Falcon City Phase 2 0.46 76% 0.35 FY 26 CHENNAI 1 Forum One O
Slide 34: Retail Capex Balance to Spend
BALANCE TO SPEND Balance Balance COC (PG SHARE) PARTICULARS Total COC COC (PG) COC (PG) ONGOING RETAIL Ongoing Retail Capex 7,812 6,805 6,019 5,043 ₹5,043 mn UPCOMING RETAIL Upcoming Retail Capex 40,044 28,356 39,909 28,257 ₹28,257 mn TOTAL Total Capex ₹33,300 mn (Ongoing & Upcoming) 47,856 35,161 4
Slide 35: JW Marriott Bengaluru Prestige Golfshire Resort & Spa
JW Marriott Bengaluru Prestige Golfshire Resort & Spa Shot at Location *Operating Hotels Include one hotel under refurbishment 35
Slide 36: Conrad Bengaluru
₹ ₹ ₹ Conrad Bengaluru Shot at Location 36
Slide 37: Ongoing and Upcoming Hospitality Projects
ONGOING 4 Projects 1,137 Keys BENGALURU 1 W Hotel - Prestige 13° North 176 100% 176 DELHI 1 DIAL - Marriott Marquis 590 50% 295 2 DIAL - St Regis 189 50% 95 MUMBAI 1 Edition - Mumbai 182 100% 182 Total 1,137 748 UPCOMING 11 Projects 2146 Keys BENGALURU 1 Moxy @ ORR (24 Tech) 108 100% 108 2 Marriott-
Slide 38: Prestige Augusta Golf Village, Bengaluru
Prestige Augusta Golf Village, Bengaluru Shot at Location ₹ ₹ 38
Slide 39: Land Bank
Land Bank S.No. Entity Name Prestige Bidadi Holdings Pvt Ltd The QS Company Prestige Warehousing And Cold Storage Services Pvt Ltd Prestige Sterling Infra Projects Pvt Ltd Northland Holdings Prestige Whitefield Developers Prestige Estates Projects Ltd Prestige Estates Projects Ltd Prestige Estates P
Slide 40: LEED and WELL Certifications
LEED and WELL Certifications Four commercial properties have been certified with LEED (Platinum & Gold) and eighteen commercial properties are WELL pre-certified. Demonstrates our focus on sustainable building design and operations It also showcases our commitment to creating spaces that prioritise
Slide 41: Board of Directors
Irfan Razack Dr. Rezwan Razack Noaman Razack Chairman and Managing Director Joint Managing Director Whole-time Director Uzma Irfan S.N. Nagendra Neelam Chhiber Dr. Ravindra M Mehta T. Srikanth Bhagavat Director Independent Director Independent Director Independent Director Independent Director 41
Slide 42: Executive Directors
Nawabzada Omer Bin Jung Faiz Rezwan Zayd Noaman Anjum Jung Mohmed Zaid Sadiq Executive Director- Executive Director- Executive Director- Executive Director- Executive Director- Liaison Hospitality Contracts and Projects CMD’s Office Interior Designs and Hospitality Zackria Hashim Sana Rezwan Nayeem
Slide 43: Senior Management
Swaroop Anish Juggy Marwaha Muhammed Ali Tariq Ahmed Suresh Singaravelu Executive Director & CEO CEO- Office Business CEO- Retail Executive Director & Executive Director & CEO Residential Segment & CEO West India Hospitality Segment Business Development Shivaprasad Naik N Lt Col. Milan Khurana (Retd
Slide 44: The Collection at UB City, Bengaluru
The Collection at UB City, Vittal Mallya Road, Bengaluru Shot at Location 44
Slide 45: Annexures
ANNEXURES
Slide 46: Exit Rentals - Commercial
EXIT RENTALS - COMMERCIAL Rent P.A (Annualised) (Rs S.No. Project Name Total Leasable Area Economic Interest (%) Economic Interest (MnSf) Mn) 1 Prestige Logistic Centre 0.39 100 0.39 94 2 Prestige Polygon 0.33 100 0.33 352 3 Prestige Tech Park (West Palm) 0.32 61 0.20 256 4 SKN Commercial 0.13 100 0
Slide 47: Exit Rentals - Retail
EXIT RENTALS - RETAIL Rent P.A Total Leasable Economic Interest Economic Interest S.No. Project Name (Annualised) Area (%) (MnSf) (₹ Mn) 1 UB City Retail 0.10 45 0.05 148 2 Prestige Mysore Central 0.08 65 0.05 23 3 Forum Rex Walk 0.16 34 0.05 128 4 Forum Falcon City Mall 0.95 66 0.62 974 5 Forum Tho
Slide 48: Residential Projects Free Cashflows
RESIDENTIAL PROJECTS FREE CASHFLOWS Ongoing + Completed Projects Upcoming Projects Particulars Area in Mn Sft Value in ₹ Mn Particulars Area in Mn Sft Value in ₹ Mn Total Developable Area 91.25 Total Developable Area 74.32 Common Area/ Car Park Area 24.36 Common Area/ Car Park Area 18.18 Net Saleabl
Prestige Estates Projects — Q3 FY25 Earnings Presentation on 6ix