Slide 1: Investor Presentation: Results for the Year Ended 31st March 2019
INVESTOR PRESENTATION RESULTS FOR THE YEAR ENDED 31st MARCH 2019 1 shot at location Picture
Slide 2: Index
Picture shot at location 2 INDEX Key Business About Annexures 1 2 3 4 Highlights Segments Prestige Group Residential Operational Highlights Scale Ongoing Projects Office Business Model Upcoming Projects Retail/Malls Financial Highlights Credentials Hospitality Exit rental breakup Board & Management
Slide 3: Q4FY19 Operational Highlights
3 10% Total Presales at ₹ 13726 mn (PY ₹ 12433 mn) Q4FY19 Up by yoy Prestige Share ₹ 11222 mn Picture shot at location Operational Highlights Up by 36% yoy Total Sales volume at 2.43 mn sft (PY 1.79 mn sft) Prestige Share 2.08 mn sft Annuity income at ₹ 1958 mn Up by 25% yoy (PY ₹ 1570 mn) Total Col
Slide 4: FY19 Operational Highlights
Total Presales at ₹ 45571 mn (PY ₹ 33137 mn) Up by 38% yoy Prestige Share ₹ 36201 mn 4 FY19 Operational Total Sales volume at 7.09 mn sft (PY 4.84 mn sft) Up by 46% yoy Prestige Share 5.74 mn sft Highlights 203% 24 mn sft delivered across segments up by yoy (PY 7.96 mn sft) Annuity income at ₹ 7487
Slide 5: Q4FY19 Financial Highlights
Revenue 5 ₹ 19943 mn Q4FY19 Picture shot at location Financial EBITDA Highlights ₹ 5029 mn EBITDA% 25 % PAT ₹ 1419 mn PAT % 7% 5 Picture shot at location
Slide 6: FY19 Financial Highlights
Revenue 6 ₹ 52841 mn FY19 Picture shot at location Financial EBITDA Highlights ₹ 15660 mn EBITDA% 30 % PAT ₹ 4408 mn PAT % 8% Picture shot at location 6
Slide 7: Guidance vs Achieved
Valuein ₹ mn 7 Guidance vsAchieved Volumeinmnsft Pre Sales Completions Leasing ₹ 45571 24.10 1.77 Guidance Guidance Guidance 35,000 – 40,000 10 to 12 2 mn sft 130% 118% 241% 103% 89% 66% Collections Exit Rentals Launch ₹ 44085 ₹ 8255 6.63 Guidance Guidance Guidance 37,500 – 40,000 8,000- 8,250 10 mn
Slide 8: Guidance vs Achieved
8 Guidance vsAchieved Valuein ₹ mn Volumeinmnsft Turnover ₹ 52841 Guidance 35,000 – 40,000 151% 1.75 Debt/Equity(Consol) 1.3x Guidance 8 Prestige Group | Presentation | March 2019
Slide 9: 24 mn sft Completions
FY 19 9 24mn sft Completion 17 Projects completed , 10, 000 Homes delivered Picture Shot at Location Project Name Area Project Name Area 1 Cessna Business Park Block 9 0.67 10 Prestige Mysore Central 0.11 2 Prestige Logistic Centre 0.38 11 Prestige Kingfisher Towers 1.15 3 Prestige Ivy Terraces 0.64
Slide 10: Presales and Completions Growth Trend
Presales 10 7 Growth Trend yoy Completions CAGR 36% Growth Trend yoy 45,571 CAGR 38% 33,137 24.10 24,585 12.74 7.96 SALES FY17 FY18 FY19 COMPLETIONS FY17 FY18 FY19 Areas are in Mn Sft Values are in Mn ₹ 10 Prestige Group | Presentation | March 2019
Slide 11: 3.47 mn sft Q4FY19 Launches
11 3.47 mn sft | Q4F19 Launches Prestige Nirvana Prestige Alpha Tech Prestige Prestige Cosmopolitan Metropolitan 1.79 Mn Sft 1.18 Mn Sft 0.11 Mn Sft 0.39 Mn Sft Hyderabad Pune Chennai Chennai Plotted Commercial Commercial Commercial Development 11
Slide 12: Leasing and Annuity Income Growth Trend
Leasing Growth Trend 129 yoy CAGR 19% Annuity Income Growth Trend yoy CAGR 17% 1.77 1.26 1.38 7,487 6,194 COMPLETIONS 5,429 FY17 FY18 FY19 ANNUITY Areas are in Mn Sft FY17 FY18 FY19 Values are in Mn ₹ 12 Prestige Group | Presentation | March 2019
Slide 13: Debt Profile
13 10% Debt Profile Debt moved up from 71945 mn by 11,830 mn (yoy) DER at 1.75x 16% 44% As of Q4F19, Net Debt Notes, During Q1FY19 IND AS 115 has become stood at ₹ 75,817 mn applicable for the group, this has resulted in 32% (Gross debt at ₹ 83,775 recognition of revenues from real estate activities
Slide 14: Exit Rental Income and Hospitality Revenue
₹ 6313mn ₹ 3286mn ₹ 9599mn* Yielding Yielding 14 Exit RentalIncome Office Portfolio Retail Portfolio Office + Malls Hospitality Revenue ₹ 3318 mn GOP ₹ 1327 Mn Details Annexed *Excludes Operating Hospitality income of Rs 3318 mn , GOP of 40% Pictures14 shot at location
Slide 15: Index
Picture shot at location 152 INDEX Key Business About Annexures 1 2 3 4 Highlights Segments Prestige Group Residential Office Operational Highlights Scale Ongoing Projects Retail/Malls Business Model Upcoming Projects Hospitality Financial Highlights Credentials Property Management Exit rental break
Slide 16: Business Segment CF Summary
16 ₹ 9077mn Retail Rentals Yielding: Rs 4343 Mn Business Pipeline : Rs 4734 Mn Segment ₹ 12100 mn CF Summary* ₹ 17555mn Revenue, Office Rentals Property Yielding: Rs 7232 Mn Management Pipeline: Rs 10323 Mn Yielding: Rs 5826 Mn Pipeline : Rs 6274 Mn ₹ 132487 mn ₹ 4239mn FCF from Hospitality 29 mn sf
Slide 17: FCF from Under Construction Projects
FCF fromUnder construction Projects 17 Particulars Area in Mn Sft ₹ Mn % Total Developable Area 71.69 Car Park Area 19.25 Stock Total Saleable Area 52.44 PG area share 40.43 Estimated Value 2,67,869 Sold 31.79 2,00,287 79 Category Area Value Collections 1,59,525 Premium & Luxury 1.08 11,577 Balance
Slide 18: FCF from Under Planning Projects
18 FCF fromUnderPlanningProjects* Particulars Area in Mn Sft ₹ Mn Total Developable Area 44.60 Car Park Area 11.51 Total Saleable Area 33.09 PG area share 27.28 Estimated Value -A 1,59,282 Cost of Development 1,07,115 Incurred as of Q4F19 9,172 Balance to spend -B 97,943 RD Paid -C 2,893 Net Cash fl
Slide 19: 22 mn sft Office Portfolio
22 mnsft Office 19 Portfolio* ₹17,555 mn Annuity Rentals Snapshot UNDER Value in ₹ Mn, Arean in mn sft OPERATING CONSTRUCTION UPCOMING TOTAL GLA 10.25 4.45 7.04 21.75 Economic Interest 8.92 3.06 5.39 17.37 Rentals p.a. ₹ 7,232 4,429 5,894 17,555 Economic Interest ₹ 5,917 2,809 4,550 13,276 19 Pictur
Slide 20: 17 Malls Retail Portfolio
20 17 Malls 8.5 mnsf Retail ₹9077 mn Portfolio* Annuity Rentals Snapshot Value in ₹ Million OPERATING ONGOING UPCOMING TOTAL GLA 4.31 1.69 2.53 8.52 Economic Interest 2.98 0.70 1.92 5.60 Rentals p.a. ₹ 4,343 2,419 2,315 9,077 Economic Interest ₹ 2,771 989 1,718 5,479 20 Picture shot at location Pres
Slide 21: 1559 Keys Hospitality Portfolio
21 1559 Keys Hospitality Portfolio* ₹4239 mn Revenue Snapshot UNDER Value in ₹ CONSTRUCTION TOTAL Million OPERATING Total Keys 1,262 297 1,559 EconomicInterest 1,123 297 1,420 Total Revenue p.a.₹ 3,670 569 4,239 Economic Interest₹ 3,318 569 3,887 21 Picture shot at location Prestige Group | Presenta
Slide 22: Property Management Portfolio
₹12100mn 22 Revenue from Property Management Portfolio* 107 mnsft Potential Area Snapshot Value in Rs Mn Revenue EBITDA Operating 5,826 1,052 Under Construction 2,663 479 Under Planning 3,611 650 Total 12100 2181 22 Picture shot at location Prestige Group | Presentation | March 2019 *Estimates
Slide 23: Index
Picture shot at location 23 21 INDEX Key Business About Annexures 1 2 3 4 Highlights Segments Prestige Group Residential Operational Highlights Scale Ongoing Projects Office Retail/Malls Business Model Upcoming Projects Financial Highlights Hospitality Credentials Exit rental breakup Property Manage
Slide 24: 32 Years of Trust
24 32 Years of Trust Shot at location 24 Picture shot at location Prestige Group | Presentation | March 2019
Slide 25: 112 Mnsft Projects Delivered
112Mnsft 25 Delivered 231 Projects Delivered 25 shot atlocation Prestige Group | Presentation | December 2018
Slide 26: Projects Across Segments
26 24 2 3 1 p r o j e ct s a c r os s s e g m e n ts 64 Mn sft 31 Mn sft 7 Mn sft 3 Mn sft 7 Mn sft 26 Prestige Group | Presentation | March 2019
Slide 27: Scale of Operation
Scale of 27 Operation Residential Commercial Retail Hospitality Plotted Development Total Particulars Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects 99 64.11 106 31.47 10 7.12 8 2.55 8 7.42 231 112.67 Ongoing Projects 34 37.36 11 7.84 3 2.42 1 1.11 - - 49 48.73 Upcomi
Slide 28: Development Pipeline
Development 28 Pipeline 49 58 29 MN SF MN SF MN SF UNDER UNDER LAND BANK CONSTRUCTION PLANNING 28 Prestige Group | Presentation | March 2019
Slide 29: Diversified Business Model
COMMERCIAL HOSPITALITY 29 26 − Office Space CONRAD − Built-to-Suit Campuses SHERATON − SEZs OAKWOOD − IT Parks J W MARIOTT ALOFT RESIDENTIAL RETAIL PROPERTY -10 malls, 1200 STORES -60 MN FOOT FALLS MANAGEMENT -₹ 30 Bn TRADING -140 MN SOCIAL MEDIA Diversified Business Model Pictures shot at location
Slide 30: 300+ Awards & Recognitions
30 300+ Awards & Recognitions 250+ TOP INDIAN CERTIFICATE OF MOST ADMIRED BEST AWARDS REAL ESTATE EXCELLENCE SHOPPING RESIDENTIAL COMPANY CENTER PROJECTS BEST RETAIL MOST BUILDER OF THE DEVELOPER OF ADMIRED PROJECTS PROMISING YEAR THE YEAR BRAND OF ASIA BRAND …AND MANY MORE 30 Prestige Group | Prese
Slide 31: Board
Board 31 Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Wholetime Director Director Dr. Pangal RanganathNayak Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Independent Independent Independent Independent Director 31 Director Director Directo
Slide 32: Executive Management
Executive Management 32 Faiz Rezwan Zaid Sadiq Anjum Jung Zayd Noaman Executive Director- Executive Director- Executive Director- Interior Executive Director- CMD’s Office Contracts & Projects Liasion & Hospitality Design Omer Bin Jung Nayeem Noor Zackria Hashim Venkat K Narayan Executive Director-
Slide 33: Executive Management
Executive Management 33 Suresh Singaravelu Swaroop Anish Arvind Pai Executive Director- Retail, Executive Director- Business Executive Director- Legal Hospitality Development V. Gopal V.V.B.S. Sarma Lt. Col. Milan Khurana (Retd.) Executive Director- Chief Financial Officer Executive Director – HR, I
Slide 34: Shareholding and Research Coverage
34 Shareholding Research Coverage Promoters 70% 1 Axis Capital Limited 8 ICICI Securities FIIs 27% 2 Bank of America Merrill 9 JM Financial DIIs 2% Lynch 10 J.P. Morgan Retail 1% 3 Citigroup 11 Kotak Securities 4 CLSA 12 Macquarie 5 Elara Capital 13 Morgan Stanley 6 Goldman Sachs 14 UBS & More…. 7 H
Slide 35: Index
Prestige Shot at location 35 33 INDEX Key Business About Annexures 1 2 3 4 Highlights Segments Prestige Group Residential Operational Highlights Scale Ongoing Projects Office Retail/Malls Business Model Upcoming Projects Financial Highlights Hospitality Credentials Exit rental breakup Property Manag
Slide 36: Projects Under Construction
Projects 36 UnderConstruction 2% 5% 2% 2% 1% 8% Ahmedabad 16% Bengaluru Residential 13% Chennai Commercial Hyderabad Retail 4% Kochi Hospitality Mangaluru 70% Pune 77% State/City No. of Projects Developable Area (Mnsf) Ahmedabad 1 0.43 Bengaluru 34 33.90 Segment No. of Projects Developable Area (Mns
Slide 37: Projects Under Planning
Projects 37 UnderPlanning 2% 2% 5% 3%2% Bengaluru 9% Chennai 26% Goa Residential Hyderabad Commercial Kochi Retail Mangaluru 69% Mumbai 82% Ooty Segment No. of Projects Developable Area (Mnsf) State/City No. of Projects Developable Area (Mnsf) Residential 23 40.11 Bengaluru 26 48.25 Commercial 10 14
Slide 38: 284 Acres Land Bank
38 284 Acres Land Bank Picture shot atlocation S.No Entity Name Location LandArea(Acres) PG Share PG Share (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi,Bengaluru 143 100% 143 2 Prestige Estates Projects Ltd Bengaluru 2 100% 2 3 Village De Nandi Pvt Ltd Bengaluru 25 100% 25 4 Eden Investments Go
Slide 39: Exit Rental Breakup
Exit 39 Rental Breakup Total Economic Economic Area Leased S.No. Project Name Segment Leasable Area Interest (%) Interest (MnSf) Prestige Share Rent P.A. 1 Prestige Estates Projects Limited Commercial 2.03 100.00 2.03 2.03 976 2 West Palm Developers Pvt Ltd Commercial 0.32 61.00 0.20 0.20 90 3 Prest
Slide 40: Exit Rental Breakup
Exit 40 Rental Breakup Total Economic Economic Area Leased S.No. Project Name Segment Leasable Area Interest (%) Interest (MnSf) Prestige Share Rent P.A. 1 Cessna Business Park B09 (Already Leased) Commercial 0.05 85 0.05 0.05 41 2 Cessna Business Park B10 (Already Leased) Commercial 0.48 85 0.41 0.
Slide 41: Disclaimer
41 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
Slide 42: Thank You
42 Thank You CONTACT For any queries Please contact, E: investors@prestigeconstructions.com Registered Office- Prestige Estates Projects Limited, The Falcon House, No. 1, Main Guard Cross Road, Bangalore –560 001, T: +91 -80 –25001248, F: + 91 –80 -25591945, Website: www.prestigeconstructions.com 42