Unitech Limited · NSE:UNITECH
Unitech — Investor Presentation (April 2010)
29 slides from Unitech's investor presentation, Apr 21, 2010
Slide 1: Unitech Ltd. Restructuring to Focus
April 21, 2010 Unitech Ltd. Restructuring to Focus…
Slide 2: 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 sec
Slide 3: Unitech – Story So Far
Unitech – Story So Far Our Evolution • Started as a soil testing consultancy by four civil engineers with limited capital but strong domain knowledge Inception • Expanded into civil construction activities and other infrastructure related sectors • Established itself as a pioneer in the civil constr
Slide 4: Unitech – Key Milestones
Unitech – Key Milestones 2009 Investment by Telenor into telecom business and launch of services under Uninor brand 2008 2006 Entry into telecom IPO of Unitech Corporate Parks Plc on AIM 2005 Buyout of Hyundai from the 2003 transmission tower manufacturing JV Commencement of property and facilities
Slide 5: Unitech Today - Business Snapshot
Unitech Today - Business Snapshot Leading Real Estate Developer with Capabilities Across Verticals Property Management and Construction and Real Estate Investments Consultancy Services Transmission Towers • Completed development • Property management • Proven track record in • Pan-India of: services
Slide 6: Proposed Restructuring
Proposed Restructuring
Slide 7: Proposed Restructuring
Proposed Restructuring Objective: Focus Businesses and Maximise Shareholder Value Increased Focus on • Standalone entities to focus on growth opportunities in respective businesses with independent and focused Business Segments management teams and strategies • Enable business to seek capital indepe
Slide 8: Corporate Structure - Post Restructuring
Corporate Structure - Post Restructuring Promoters Promoters Public Public (1) (1) 48.7% 51.3% (1) 31.7% (1) 35.0% 33.3% Real Estate Residential, Infrastructure Commercial and Retail Infrastructure Development Investments Services Integrated Township Developments Hospitality Hospitality General Gene
Slide 9: Restructuring Details
Restructuring Details • The infrastructure businesses of Unitech are proposed to be demerged into Unitech Infra • Appointed Date for the demerger would be April 1, 2010 • Existing Unitech shareholders will receive 1 equity share of face value of INR 2 per share of Unitech Infra, for each equity shar
Slide 10: Unitech Infra Ltd.
Unitech Infra Ltd. Inherent Capabilities and Untapped Growth Potential…
Slide 11: Unitech in the Infrastructure Sector
Unitech in the Infrastructure Sector Poised for Growth Vision – To be a leading Infrastructure player in India with diversified capabilities Strategy – Leverage on the execution capabilities developed over the years in providing cost effective construction and development solutions, while capitalisi
Slide 12: Infrastructure
Infrastructure Capabilities to Innovate and Deliver High Quality Cost Effective Solutions General Construction BOT Transmission Towers • Expertise across real estate housing projects, • Backed by strong expertise, Unitech Infra is • Manufacturing and installation of power including townships, corpor
Slide 13: Development
Development Developing Assets to Monetize SEZ and IT Parks – ‘Growing with India’ • 40%(1) ownership in 5 IT / ITES SEZ and 1 IT Park • Projects spread across prime strategic locations in Gurgaon, Noida, Greater Noida and Kolkata • Potential lettable area of 21.4MM sq. ft. Hospitality – ‘Developing
Slide 14: Development (cont'd)
Development (cont’d) Established Track Record of Specialized Development Amusement Parks – ‘Contributing to Value’ • Operational amusement park with 22 rides and a retail mall spread over an area of 1 MM sq. ft. at Noida. The development is a part of mixed-use development consisting of multiple them
Slide 15: Infrastructure Services
Infrastructure Services Strong Growth and Proven Execution The Company provides property management services through its property management subsidiary, Unitech Property Management Private Limited (UPMPL) Facilities and Property Management Services Area under Facilities Management MM sq. ft • Provid
Slide 16: Telecom Investment
Telecom Investment India’s ‘Most Promising New Operator’ • Uninor is a JV between Unitech Wireless and Telenor Group – Telenor has invested a total of INR 61.4 Bn and holds 67.25% of the Company – 4.2 MM subscribers as of March, 2010 – Telenor has stated long term commitment to the Indian telecom sp
Slide 17: 9 Month Financials
9 Month Financials As on December 31, 2009 (1) In INR MM Key Profit and Loss Items Revenue 18,239 3,267 PAT 5,116 565 Key Balance Sheet Items Net Worth 101,838 49,795 Gross Debt 63,517 3,500 The above provisional balance sheet has been prepared by the Management based on valuation inputs provided by
Slide 18: Organization Chart
Organization Chart Focused and Dedicated Management Team Board of Directors Chief Executive Officer Chief Financial Officer Telecom Investment Infrastructure Business SEZs Infrastructure Services Business Chairman + 2 nominee directors on M K Agarwal (Exp : >25 years) Vineet Mathur (Exp : >12 years)
Slide 19: Unitech Infra – Strong Value Unlocking Proposition
Unitech Infra – Strong Value Unlocking Proposition Well Poised to Capitalize on the Infrastructure Growth Opportunity • Huge opportunity in the growing Indian infrastructure sector – Total expected XIth plan outlay of c. INR 21 Trillion (1) The – INR 3,118 Bn investment estimated in road projects Op
Slide 20: Key Advisors
Key Advisors Advisors Morgan Stanley, UBS and IDFC Capital Legal Advisors Amarchand & Mangaldas & Suresh A. Shroff & Co. Share Entitlement Ratio & Structuring Advisor Ernst & Young Tax Advisors Ernst & Young and KPMG 20 20
Slide 21: Thank You
Thank You 21
Slide 22: Appendix
Appendix 22
Slide 23: Indian Infrastructure Snapshot
Indian Infrastructure Snapshot Investment in Road Projects During 10th and The Opportunity Planned Investments in 11th Plan Investment in National Highways – 11th Plan INR Bn 21,000 Sur p l us f r o m B o r r o wi ng s U ser F ee 11th Plan b y N HA I 18,000 10th Plan Shar e o f Ext er nal Pr i vat e
Slide 24: General Construction
General Construction Overview Key Clients • Expertise across real estate housing projects, including townships, corporate offices, residential complexes and industrial projects etc. • Demonstrated track record in transportation projects, such as highways, road widening, flyovers, bridges and pavemen
Slide 25: Transmission Towers
Transmission Towers Established Track Record and Strong Base to Achieve Success Company is engaged in manufacture of power transmission and telecom towers through its subsidiary Unitech Power Transmission Ltd. (UPTL) Overview Annual Turnover • Unitech Infra through its subsidiary is equipped with mo
Slide 26: SEZ / IT Parks
SEZ / IT Parks Unitech Corporate Park Portfolio (1) (2) InfoSpace Noida, Sector 135, Delhi-NCR InfoSpace Noida, Sector 62, Delhi-NCR • Notified IT/ITES SEZ • IT Park Noida • Potential development area: 3,129,177 sq ft • Potential development area: 2,064,000 sq ft Gurgaon InfoSpace Gurgaon, Delhi-NCR
Slide 27: Hospitality Portfolio
Hospitality Portfolio Overview Summary of Projects (1) Hotel Category Location Proposed No. of Keys Expected COD • 11 hospitality projects under development across various cities of India (c. 2,100 keys), Gurgaon Hotel 5 star NH-8, Gurgaon 189 Keys 1 year to be primarily developed over the next 1-7
Slide 28: Amusement Parks
Amusement Parks Entertainment City - Noida • Entertainment City is spread over an area of approximately 148 acres comprising of Theme Parks, Shopping Malls, Food Courts, Multiplex, etc. at Sector 38, Noida • Located strategically in the heart of Noida and well connected to Delhi through the Noida To
Slide 29: Logistics Park
Logistics Park Overview Site Map Kolkata International Logistics City • Situated along the Kona highway, covering a total land area of 73 acres • Conveniently connected to NH-2 through NH-6 • World class warehousing space and truck terminal • Also has dormitories for truck drivers, eateries, auto sp