Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q2 FY2011-12 Earnings Presentation
39 slides from Prestige Estates Projects's earnings presentation, 2011
Slide 1: Investor Presentation Q2 FY 2011-12
INVESTOR PRESENTATION Q2 FY 2011 -12
Slide 2: Index
Index Highlights of Q2 FY 2011 – 12 Financials Sales Summary Debt Profile Receivables Profile Rental Portfolio Project Portfolio & Update Brand - Prestige Awards & Recognition 2
Slide 3: Highlights of Q2 FY 2011-12
HIGHLIGHTS OF Q2 FY 2011-12 © CW =: rt a4 8
Slide 4: Highlights of Q2 FY 2011-12
Highlights of Q2 FY 2011 - 12 For the Quarter ended September 30, 2011, the turnover of the company is Rs.1,408 million. (Q1 FY 2011-12 - Rs 2,610 Million) EBIDTA is 44% amounting to Rs. 620 million. (Q1 FY 2011-12 - Rs 815 Million – 31%) Profit after tax is 19% amounting to Rs. 263 million. (Q1 FY
Slide 5: Highlights of Q2 FY 2011-12
Highlights of Q2 FY 2011 - 12 Rental Income for the quarter - Prestige Share is Rs. 385 million. Total Unrecognised Revenue as on September 30, 2011 is Rs. 24,455 million. Area leased during the quarter is 0.78 msf (Prestige Share – 0.61 msf) and total area under lease as on date – Cumulative is 7.6
Slide 6: Highlights for the Half Year ended 30th September, 2011
Highlights for the Half Year ended 30th September, 2011 For the Half Year ended September 30, 2011, the turnover of the company is Rs. 4,018 million. EBIDTA is 36% amounting to Rs. 1,435 million. Profit after tax is 16% amounting to Rs. 627 million. 6
Slide 7: Financials Update
FINANCIALS UPDATE e
Slide 8: Financials: Balance Sheet as at 30th September 2011
Financials BALANCE SHEET AS AT 30TH SEPTEMBER 2011 (Rs In Mn) (Unaudited) (Unaudited) (Audited) As at As at As at 30-Sep-11 30-Jun-11 31-Mar-11 SOURCES OF FUNDS 1. Shareholders' funds (a) Capital 3,281 3,281 3,281 (b) Reserves and surplus 17,783 17,521 17,156 2. Loan funds (a) Secured loans 9,519 9,
Slide 9: Financials Contd.. Profit and Loss Account
Financials Contd.. PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30TH SEPTEMBER 2011 Rs in Mn (Unaudited) (Unaudited) (Unaudited) (Audited) Quarter Half year Quarter Year Ended Ended Ended Ended 30-Sep-11 30-Sep-11 30-Jun-11 31-Mar-11 ` ` ` ` INCOME Income from operations Residential and commercial p
Slide 10: Financials Contd..
Financials Contd.. Rs in Mn Three months Half Year Three months Year ended period ended Ended period ended Ratio Ratio/ Ratio/ Ratio Sl. No. Particulars 30-Sep-11 30-Sep-10 30-Jun-11 31-Mar-11 /% % % /% Rs. Rs. Rs. Rs. (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Incom
Slide 11: Financials Contd..
Financials Contd.. Rs in Mn Three Half Year Three months Year ended months Ended period ended Sl. No. Particulars period ended Ratio/ 30-Sep-11 30-Sep-10 Ratio 30-Jun-11 Ratio/ 31-Mar-11 Ratio % /% % /% Rs. Rs. Rs. Rs. (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 347 25% 849 21% 503 19% 2,88
Slide 12: Sales Summary
Sales Summary Area in sft Value in Rs Mn FY 2011-12 FY 2010- 11 Particulars QUARTER 1 QUARTER 2 April to Sep 11 Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 293,718 197 1,125 1,925,849 1,429 6,686 2,219,567 1,626 7,811 515,720 271 2,323 Premium S
Slide 13: Unrecognized Revenue of Projects under Execution
Unrecognized Revenue of Projects under Execution Rs in Mn Total Revenue Revenue Recognised Balance Revenue to Sl.No Name of the Project for Recognition Upto 30.09.2011 be Recognised (Sales made) A B C=A-B A Residential Projects 1 Prestige Neptune Courtyard 2,801 2,101 700 2 Golfshire Phase -1 3,865
Slide 14: Project Debtors & Collections Summary
Project Debtors & Collections Summary Rs in Mn Debtors due to Opening Closing New Sales and Amount Name of the project Balance as at Balance as at Incremental Realised 01.07.2011 30.09.2011 POC Turnover Completed Projects Prestige Alecto 74 - - 74 Prestige Andree Residences 3 7 7 3 Prestige Ashcroft
Slide 15: Debt Profile
Debt Profile As on September 30, 2011 Rs in Mn Consolidated Particulars Standalone % % Loan * Debt as on 30.09.2011 Secured Loan 9,519 97% 14,775 98% a. Project Debt - Resi & Comm 4,321 45% 4,971 34% a. Capex Loans 462 5% 1,046 7% b. Rental Securitisation Loans 2,390 25% 6,413 43% c. Receivables dis
Slide 16: Receivables Profile
Receivables Profile * As on Sep 30, 2011 Area in Mn SFt Value in Mn Rs 16
Slide 17: Rental Income
Rental Income a GROU Adhd Presse to your lige As on September 30, 2011 (Areas are in Mn Sft) (Values are in Mn Rs) Existing Rental Properties Leasable Area Ongoing Leasable Area* PUD & Forth Coming Leasable Area 1.77 | Existing Retail Properties Leasable Area Ongoing Leasable Area* PUD & Forth Comin
Slide 18: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE e 18
Slide 19: Business Segments
Business Segments Our Business Residential Commercial Retail Hospitality Services Sub-leasing and Apartments Office Space Malls Resorts fit-out services Service Villas SEZs Project and Apartments Construction Mgmt services Built-to-suit Townships Hotels Campuses Interior Design and Execution Plotted
Slide 20: Product Mix – By Geography and Segment
Product Mix – By Geography Number of Projects by region Product Mix – By Segment Ongoing Projects Upcoming Projects Area – 32.69 msf Area – 26.44 msf 20
Slide 21: Projects completed in Q2 FY 2011-12
Projects completed in Q2 FY 2011 - 12 JD ratio/ Developable Project name Location Economic area in Sft interest COMMERCIAL PROJECTS Prestige Palladium Chennai 299,545 45% Prestige Dynasty II Bangalore 143,540 100% Rubin House Bangalore 38,171 NA TOTAL 481,256 21
Slide 22: Other Projects expected to be completed in FY 12
Other Projects expected to be completed in FY 12 Developable Total No of Sl No Project Name Location PEPL Stake Area (Sft) Units A RESIDENTIAL 1 Prestige Neptune Courtyard Cochin 1,080,156 100.00% 374 TOTAL - A 1,080,156 374 B COMMERCIAL 1 Prestige Shantiniketan ( C Block) Bengaluru 758,000 83.20% 2
Slide 23: Ongoing Projects – Segment wise
Ongoing Projects – Segment wise Developable Total No PEPL Sl No Project Name Location PEPL Stake Area (Sft) of Units Share A RESIDENTIAL 1 Neptunes Courtyard Cochin 1,080,156 100.00% 374 374 2 Golfshire- Villas Bangalore 1,753,255 100.00% 228 228 3 White Meadows -1 Bangalore 1,067,956 100.00% 163 16
Slide 24: Ongoing Projects – Segment wise
Ongoing Projects – Segment wise Developable PEPL Sl No Project Name Location PEPL Stake Area (Sft) Share B COMMERCIAL 1 Shantiniketan ( C Block) Bangalore 758,000 83.20% 630,656 2 Cessna Business Park B7 to B11 Bangalore 4,330,323 60.00% 2,598,194 3 Polygon Chennai 659,499 60.00% 395,699 4 Khoday To
Slide 25: Ongoing Projects – Segment wise contd..
Ongoing Projects – Segment wise contd.. Developable PEPL PEPL No. of Sl No Project Name Location Area (Sft) Stake Share Keys C HOSPITALITY 1 Aloft Bangalore 286,188 60% 171,713 202 2 Hilton Bangalore 450,000 100% 450,000 285 3 Forum Value Mall- Ser Apt Bangalore 369,146 35% 129,201 142 4 Golfshire -
Slide 26: Upcoming Projects – Segment wise
Upcoming Projects – Segment wise Launch Developable Sl No Project Name Location PEPL Stake PEPL Share Date Area (Sft) A RESIDENTIAL 1 Bella Vista FY-12 Chennai 5,047,364 60.00% 3,028,418 2 Maybery-1 FY-12 Banglaore 121,475 45.00% 54,664 3 Maybery-2 FY-12 Banglaore 387,195 62.00% 240,061 4 Hillside R
Slide 27: Upcoming Projects – Segment wise
Upcoming Projects – Segment wise Launch Developable Sl No Project Name Location PEPL Stake PEPL Share Date Area (Sft) B COMMERCIAL 1 Forum Thomsun FY-12 Cochin 200,000 25.00% 50,000 2 TMS Square FY-12 Cochin 322,131 50.00% 161,066 3 Summer Field FY-12 Bangalore 158,400 43.00% 68,112 4 Excelsior FY-1
Slide 28: Upcoming Projects – Segment wise contd..
Upcoming Projects – Segment wise contd.. Launch Developable Sl No Project Name Location PEPL Stake PEPL Share Date Area (Sft) C RETAIL 1 Forum Thomsun FY 12 Cochin 910,000 25% 227,500 Sub Total 910,000 227,500 1 Technostar - Graphite Bangalore 661,000 51% 337,044 2 Ritz - Mysore Mysore 72,000 50% 36
Slide 29: Projects Launched in Q2 FY 2011-12
Projects Launched in Q2 FY 2011 - 12 Project Prestige Sunny Side Location ORR, Bangalore Expected Completion Date Q2, FY14 Developable Area(sft) 975,818 Saleable (sft) 714,286 Total No of Units 395 Prestige Share 100% Units Sold 43 Sold Area (sft) 77,782 Sold Area (%) 11% Stock of Units 352 Stock Ar
Slide 30: Projects Launched in Q2 FY 2011-12 contd..
Projects Launched in Q2 FY 2011 – 12 contd.. Project Prestige Tranquility Location Budigere, Bangalore Expected Completion Date Q4, FY15 Developable Area(sft) 4,565,914 Saleable (sft) 3,294,161 Total No of Units 2383 Prestige Share 100% Units Sold 1281 Sold Area (sft) 1,623,096 Sold Area (%) 54% Sto
Slide 31: Projects Launched in Q2 FY 2011-12 contd..
Projects Launched in Q2 FY 2011 –12 contd.. Location Whitefield, Bangalore Expected Completion Date Q3, FY15 Developable Area(sft) 926,525 Saleable Area (sft) 629,730 Total No of Units 376 Prestige Share: 65% Saleable Area (sft) 409,213 No of Units 247 Units Sold 207 Sold Area (sft) 334,810 Sold Are
Slide 32: Land Bank Details
Land Bank Details SL Economic No Co Name Location Area in Acres interest PEPL share 1 Prestige Estates Projects Ltd Bangalore 231.73 69% 159.57 2 Prestige Bidadi Holds Pvt Ltd Bidadi 142.74 100% 142.74 3 Prestige Projects Pvt Ltd Sarjapur Road 168.00 33% 54.90 4 Prestige Garden Resorts Pvt Ltd Bella
Slide 33: About the Company
ABOUT THE COMPANY e 33
Slide 34: Brand - Prestige
Brand - Prestige Brand created over 25 years and over 161 projects. Area executed so far : 45.82 msf across all segments. Headed by Mr. Irfan Razack who is recognized as a visionary and a real estate icon who is ably supported by his brothers Mr. Rezwan Razack and Mr. Noaman Razack - with experience
Slide 35: Brand - Prestige
Brand - Prestige Strong Joint Venture Partners such as CapitaLand, RedFort and Urban Infrastructure Opportunities Fund. Awarded Crisil DA1 rating (Highest Developer rating in the category) in recognition of the quality and delivery of projects. The current rating is DA2+. Competitive Advantage: Acce
Slide 36: Shareholding Pattern
Shareholding Pattern 80.01% ¥As on 30 September 2011 = Foreign Institutional Investors m= Mutual fund a Promoters m Public & Others > = 7
Slide 37: Awards & Recognition
Awards & Recognition A. Construction World Architect & Builder Awards 2011, Mumbai One Among India's Top 10 Builders B. Construction Week – Developer of the year - 2011 37
Slide 38: Disclaimer
Disclaimer This presentation has been prepared by Prestige Estates Projects Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Prestige Estates Projects Ltd’s future business prospects and business profitability, which ar
Slide 39: Prestige Estates Projects Ltd. contact details
Prestige Estates Projects Ltd. Mr. Venkat K Narayan The Falcon House, Chief Financial Officer Phone: +91 -80 – 25001280 No. 1, Main Guard Cross Road, E-mail: investors@prestigeconstructions.com Bangalore – 560 001 Phone: +91 -80 – 25591080 Fax: + 91 – 80 - 25591945
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