Puravankara Limited · NSE:PURVA
Puravankara — Q3 FY2019 Earnings Presentation
45 slides from Puravankara's earnings presentation, December 2018
Slide 1: Puravankara Limited
Provident Welworth City, Bengaluru Puravankara Limited December 2018
Slide 2: Contents
Contents ▪ Company Overview 3-4 ▪ Development Bank 5-7 ▪ Area information 8–9 ▪ New Launches 10 - 11 ▪ Sales 12 - 16 ▪ Cash Flows 17 - 19 ▪ Income Statement 20 - 22 ▪ Balance Sheet 23 - 24 ▪ Debt 25 - 26 ▪ Shareholding Pattern and Stock Performance 27 - 29 ▪ Select Project Pictures 30 - 35 ▪ Appendi
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview ❖ One of India's leading real estate developers with an established presence in the residential segment (luxury and affordable housing) and in commercial office spaces ❖ With over 4 decades of domain expertise, Puravankara has established itself as a developer of repute ❖ Completed 67 resid
Slide 5: Development Bank
PURAVANKARA Development Bank
Slide 6: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development Land portfolio in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 26.96 11.27 44.24 55.51 Chennai 6.26 1.64 11.71 13.35 Hyderabad 0.59 2.35 - 2.35 Kochi 1.89 3.43 4.21 7.64 Others 0.81 1.00 1.01 2.
Slide 7: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 51% of the Provident is the new growth engine, with a growing share of ongoing and 69% of new launches* share of ongoing projects and new launches 4% New Launches 31% New Launches 15% 31% 31% Ongoing Ongoing 49% 46% 15% 54% 5% 10% 69% 7
Slide 8: Area
PURAVANKARA Area
Slide 9: Area Under Development: Sales Driven, Execution Focused
Area Under Development: Sales Driven, Execution Focused in million sq. ft. (numbers in million sq. ft.) FY16 FY17 FY18 9MFY19 Opening Area 24.01 23.64 24.92 20.82 Add: Launches/Revisions during the period 1 2.46 4.77 1.96 2.82 Less: Completed during the period 2 (2.83) (3.49) (6.06) (0.57) Closing A
Slide 10: Immediate Launches – All Sales bookings to commence before 31st March 2019
Immediate Launches – All Sales bookings to commence before 31st March 2019 Next phase of Next phase of First phase of Next phase of Provident Adora De Goa Adora De Goa Sunworth III Provident Park Square Winworth* Location – Goa Location – Goa Location –Bangalore Location –Bangalore Location -Kochi L
Slide 11: Launch Pipeline
Launch Pipeline Development Sr. no Location/ Project Name City Development Type Developable Area PL Share in JD Saleable ares(msft) Expected launch date Model Puravankara 1 Westend 2 Bengaluru Joint Development Residential 0.10 78% 0.08 Launched 2 Purva Zenium (Bellary Road) Bengaluru Joint Developm
Slide 12: Sales
PURAVANKARA Sales 12
Slide 13: Sales – Q3 FY19 (YoY)
Sales – Q3 FY19 (YoY) Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Dec-18 Dec-17 % Dec-18 Dec-17 % Dec-18 Dec-17 % Dec-18 Dec-17 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.35 0.36 -3% 216 228 -5% 228 248 -8% 6,589 6,971 -5% Completed P
Slide 14: Sales – Q3 FY19 (QoQ)
Sales – Q3 FY19 (QoQ) Based on Bookings Quarter Ended Area Sold Units Sold Sales Value Dec-18 Sep-18 Dec-18 Sep-18 Dec-18 Sep-18 msft msft Q-o-Q Nos. Nos. Q-o-Q Rs.in crs Rs.in crs Q-o-Q Puravankara 0.35 0.25 40% 216 173 25% 228 149 53% Completed Projects 0.19 0.16 18% 126 109 16% 98 85 16% Ongoing
Slide 15: Sales – 9MFY19, Ending 31st December 2018
Sales – 9MFY19, Ending 31st December 2018 Based on Bookings YOY Area Sold Units Sold Sale Value Sale Realization Dec-18 Dec-17 % Dec-18 Dec-17 % Dec-18 Dec-17 % Dec-18 Dec-17 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 0.85 1.28 -33% 551 851 -35% 572 836 -32% 6,691 6,540
Slide 16: Sales – 9MFY19 – Continuing momentum
Sales – 9MFY19 – Continuing momentum Sold Area ( Msft) 2.35 2.33 2.30 2.25 13% 2.20 2.15 2.10 2.06 2.05 2.00 1.95 1.90 Dec-17 Dec-18 Sale Value (Rs Cr) Sold Units 1400 1,372 2400 2,281 1350 2200 43% 16% 1300 2000 1250 1800 1,600 1200 1,180 1600 1400 1150 1200 1100 1000 1050 Dec-17 Dec-18 Dec-17 Dec-
Slide 17: Cash Flows
PURAVANKARA Cash Flows 17
Slide 18: Potential Cash Flow from completed and ongoing projects
Potential Cash Flow from completed and ongoing projects Rs. crores Puravankara Provident Total Balance collections from sold units 1 (A) 847 1,000 1,847 Value of Inventory open for sale 2 (B) 2,383 1,115 3,498 Balance cost to go 3 (C) 819 813 1,631 Surplus (A) + (B) – (C) (D) 2,411 1,302 3,713 Surpl
Slide 19: Cash Flow Statement
Cash Flow Statement Rs. crores Cash Flow Statement Q1 FY19 Q2 FY19 Q3 FY19 9M FY19 A Operating Inflows 333.3 386.2 408.1 1,127.6 B Operating Outflows (274.7) (314.2) (364.7) (953.6) C=A-B Operating Surplus 58.7 72.0 43.4 174.0 Less Interest Cost( Net ) (64.2) (74.4) (107.5) (246.0) Income Tax Paid (
Slide 20: Income Statement
PURAVANKARA Income Statement 20
Slide 21: Consolidated Statement of Profit & Loss for the quarter ended 31 December 2018
Consolidated Statement of Profit & Loss for the quarter ended 31 December 2018 Rs. crores Q3FY19 Q2FY19 Q3FY18 FY18 Particulars Unaudited Unaudited Unaudited Audited Income from operations Revenue from projects 545.19 477.19 440.09 1,414.90 Other Income 20.47 22.09 14.81 90.04 Total Income from oper
Slide 22: Consolidated Statement of Profit & Loss for the 9M ended 31 December 2018
Consolidated Statement of Profit & Loss for the 9M ended 31 December 2018 Rs. crores Particulars 9MFY19 Unaudited 9MFY18 Audited Income from operations Revenue from projects 1,404.40 1,126.94 Other Income 55.24 54.75 Total Income from operations 1,459.64 1,181.69 Expenses Material cost 251.18 447.88
Slide 23: Balance Sheet
PURAVANKARA Balance Sheet 23
Slide 24: Consolidated Balance Sheet as of 31 December 2018
Consolidated Balance Sheet as of 31 December 2018 Rs. crores 9MFY19 March 2018 9MFY19 March 2018 Equity and Liabilities Assets Unaudited Audited Unaudited Audited Shareholders' Funds Non-Current Assets Equity Share Capital 119 119 (a) Property, plant and equipment 66 58 Other Equity 1,699 2,275 (b)
Slide 25: Debt
PURAVANKARA Debt 25
Slide 26: Debt Structure – As of 31 December 2018
Debt Structure – As of 31 December 2018 in Rs. Cr Q3FY19 Q2FY19 Q1FY19 FY18 Opening Balance 2,642 2,438 2,399 2,075 Net Addition (Repayment) 260 204 39 324 Debt Outstanding 2,902 2,642 2,438 2,399 Less: Cash and Cash Equivalents 153 185 137 152 Net debt 2,749 2,457 2,302 2,247 Cost of Debt 11.35% 11
Slide 27: Shareholding Pattern and Stock Performance
Shareholding Pattern and Stock Performance 27
Slide 28: Shareholding Pattern – as on 31 December 2018
Shareholding Pattern – as on 31 December 2018 Others, 7% DII’s, 1% FPI’s,17% Promoters, 75% Key Shareholders Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate GHI Life Insurance Corporation College Retirement Equities Fund General Insurance Corporation Atyant Capital 28
Slide 29: Stock Performance
Stock Performance Relative to BSE Realty Index and Sensex during December 31, 2017 to December 31, 2018 120 110 100 90 80 70 60 50 40 30 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Puravankara Sensex BSE Realty As on 31 December 2018 31-Dec-18 30-Sep-18
Slide 30: Select Project Pictures
PURAVANKARA Select Project Pictures 30
Slide 31: Actual Project Pictures
PURAVANKARA tures Ic tP jec Actual Pro iy EEEECe Ei EE ba Q < w o 3 < a < > a 2 o
Slide 32: Actual Project Pictures
PURAVANKARA Actual Project Pictures a AMAITI
Slide 33: Actual Project Pictures
PURAVANKARA Actual Project Pictures
Slide 34: Actual Project Pictures
PURAVANKARA Actual Project Pictures | Mca
Slide 35: Actual Project Pictures
PURAVANKARA Actual Project Pictures
Slide 36: Appendix 1: Project Status
Appendix 1 : Project Status 36
Slide 37: Current Project Status – As of 31 December 2018
Current Project Status – As of 31 December 2018 On Area Launched Developable JD / JV Share Puravankara's Share S.No. Project Location Total Flats Area for Developer - Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1
Slide 38: Current Project Status – As of 31 December 2018 (contd.)
Current Project Status – As of 31 December 2018 – (contd.) On Area Launched Developable JD / JV Share Puravankara's Share S.No. Project Location Total Flats Area for Developer - Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTR
Slide 39: Appendix 2: Corporate Information
Appendix 2 : Corporate Information 39
Slide 40: Dedicated management team with collective experience of almost 200 years
Dedicated management team with collective experience of almost 200 years-committed to best practices of corporate governance Executive team Non-Executive team Ravi Puravankara R.V.S. Rao Chairman Independent Director • Over 44 years of experience in real estate industry • Bachelor’s degree in Commer
Slide 41: Media & Capital Market Recognition
Media & Capital Market Recognition A judicious mix of human intellect and technology propel the growth story at Puravankara for FY18-19
Slide 42: Awards and achievements
Awards and achievements Awards for Puravankara Limited ❖ QuikrHomes Realty Awards for the Women Entrepreneur of the Year 2018 -19 – Real Estate - Ms. Amanda Puravankara ❖ 10th Realty+ Excellence Awards SOUTH 2018 - Scroll of Honour - Mr. Ashish Puravankara ❖ South India’s Real Estate Leadership Awar
Slide 43: Awards and achievements
Awards and achievements Awards for Provident Housing Limited ❖ 10th Realty+ Excellence Awards SOUTH 2018 for Affordable Housing Project of the year - Kenworth by Provident ❖ 10th Realty+ Excellence Awards SOUTH 2018 for the Developer of the year - Residential - Provident Housing Limited ❖ South Ind
Slide 44: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Puravankara Ltd’s future business prospects and business profitability, which are subject to a number of ris
Slide 45: Thank You
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Investor Relations Contact: Mr. Kuldeep Chawla, Chief Financial Officer Email: kuldip@puravankara.com; Tel: +91-80-434