Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q2 FY2013-14 Earnings Presentation
69 slides from Prestige Estates Projects's earnings presentation, 2013
Slide 1: Investor Presentation QII FY 2013-14
INVESTOR PRESENTATION QII FY 2013 -14 www.prestigeconstructions.com
Slide 2: Index
Index HIGHLIGHTS OF QII FY 13-14 FINANCIAL PERFORMANCE SALES SUMMARY DEBT PROFILE RECEIVABLES PROFILE RENTAL PORTFOLIO & LEASING UPDATE PROJECT PORTFOLIO & UPDATE ABOUT PRESTIGE 2
Slide 3: Highlights of QII FY 2013-14
HIGHLIGHTS OF QII FY 2013-14 www.prestigeconstructions.com
Slide 4: Highlights of QII FY 2013-14 - Financial Highlights
Highlights of QII FY 2013-14 Financial Highlights Quarter II FY Quarter I Quarter II Half year (HI) Half year Particulars FY 12-13 13-14 FY 13-14 FY 12-13 FY13-14 (HI) FY12-13 Turnover (Rs. Mn) 5,041 5293 2609 10,334 5073 16,063 EBIDTA (Rs. Mn) 1,476 1599 920 3,075 1897 5,113 EBIDTA % 29.28% 30.21%
Slide 5: Highlights of QII FY 2013-14 - Operational Highlights
Highlights of QII FY 2013-14 Operational Highlights Quarter II FY Quarter I Quarter II Half year (HI) Half year Particulars FY 12-13 13-14 FY 13-14 FY 12-13 FY13-14 (HI) FY12-13 New Sales - Total Amount (Rs. Mn) 11,497 11442 10,688 22,940 22,028 37,274 Area (Mnsf) 1.96 1.98 2.10 3.93 7.14 Avg Realiz
Slide 6: Financial Highlights for the Quarter
Highlights of QII FY 2013-14 Financial Highlights FOR THE QUARTER (Q2) ENDED SEPTEMBER 30, 2013: • Revenue at Rs. 5,041 million, up by 93% as compared to the corresponding previous year’s quarter (QII FY 12-13) revenue of Rs. 2,609 million. • EBIDTA at Rs.1,476 million, up by 60% as compared to the
Slide 7: Operational Highlights for the Quarter
Highlights of QII FY 2013-14 Operational Highlights FOR THE QUARTER (Q2) ENDED SEPTEMBER 30, 2013: • The Company has sold 1,193 Residential units and 0.11 million square feet of commercial space, aggregating to 1.95 million square feet amounting to Rs.11,497 million of sales • The average realizatio
Slide 8: Financial Highlights for the Half Year
Highlights of QII FY 2013-14 Financial Highlights FOR THE HALF YEAR (H1) ENDED SEPTEMBER 30, 2013: • Revenue at Rs. 10,334 million, up by 104% as compared to the corresponding previous half year’s (H1 FY 12-13) revenue of Rs. 5,073 million. • EBIDTA at Rs.3,075 million, up by 62% as compared to the
Slide 9: Operational Highlights for the Half Year
Highlights of QII FY 2013-14 Operational Highlights FOR THE HALF YEAR (H1) ENDED SEPTEMBER 30, 2013: • The Company has for the six months ended September 2013 sold 2,455 units and commercial space, totalling to 3.93 million square feet, amounting to Rs.22,940 million of Sales. (Achieved 53.35% of th
Slide 10: Turnover, EBIDTA & PAT
Highlights of QII FY 2013-14 Turnover, EBIDTA & PAT (Rs. Mn) 12000 10334 10000 8000 6000 5293 5041 5073 4000 3075 2609 1897 Turnover 2000 1476 1599 1644 778 866 920 950 EBIDTA 457 PAT 0 QII FY 14 QI FY14 QII FY 13 H1 FY14 H1 FY13 QII FY 13-14 Sales : Rs 11,497 mn FY 13-14 Guidance : Rs 43,000 mn 10
Slide 11: Collections, Sales, WACC and Rental Income Trends
Highlights of QII FY 2013-14 Collections (Q-O-Q) (Rs. Mn) Sales (QOQ) (Rs. Mn) 12,000 11,442 11,497 10,688 10,685 7,000 10,229 6,074 6,198 10,000 6,000 5,050 5,076 5,328 8,160 8739 7,540 5,000 8,000 6507 4,000 6,000 5,416 3,000 4,000 2,000 1,000 2,000 Gross Sales 0 Net Sales - QII FY13 QIII FY13 QIV
Slide 12: Launches/Pre Launches during Q I & QII FY 13-14
Highlights of QII FY 2013 - 14 Business Performance Launches/Pre Launches during Q I & QII FY 13-14 Developable Economic No. of Units No. of Units Sl.No Project Location Segment Area (Mnsf) Interest (Total) (PEPL Share) Quarter I 1 Prestige West Woods Bangalore Residential 1.02 60.00% 567 341 2 Pres
Slide 13: Completions during QI & QII FY 13-14
Highlights of QII FY 2013 - 14 Business Performance Completions during QI & QII FY 13-14 Developable Economic Prestige Share Project Location Segment Area (Mnsf) Interest (Mnsf) Quarter I Forum Vijaya Mall Chennai Retail 1.16 50.00% 0.58 Forum Vijaya - Commercial Chennai Commercial 0.55 50.00% 0.28
Slide 14: Area Leased during QII FY 13-14
Highlights of QII FY 2013 - 14 Business Performance Area Leased during QII FY 13-14 As on 30th Current Quarter II FY 13-14 September, 2013 Rental Area Yet to Segment (Cumulative) Yielding Yield Prestige Prestige Area Total Total Share Share Office 0.62 0.43 8.67 4.94 4.23 0.70 Retail 0.17 0.05 2.63
Slide 15: Financials Update
FINANCIALS UPDATE www.prestigeconstructions.com www.prestigeconstructions.com
Slide 16: Balance Sheet as at 30th September, 2013
Financials Balance Sheet as at 30th September, 2013 Rs. Mn As at As at As at Particulars 30-Sep-13 30-Jun-13 31-Mar-13 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,500 3,500 3,500 (b) Reserves and surplus 25,227 24,450 23,584 28,727 27,950 27,084 (2) Non-current liabilities
Slide 17: Profit & Loss Account
Financials Profit & Loss Account for the period ended 30th September, 2013 Rs. Mn Rs in Mn Quarter ended Half Year ended Year ended Particulars 30-Sep-13 30-Jun-13 30-Sep-12 30-Sep-13 30-Sep-12 31-Mar-13 (I) Revenue from Operations 4,753 4,983 2,414 9,736 4,606 15,124 (II) Other Income 288 310 195 5
Slide 18: Key Ratios
Financials Rs. Mn Key Ratios Quarter Ended Year Ended Sl. No. Particulars 30-Sep-13 30-Jun-13 30-Sep-12 31-Mar-13 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 4,753 4,983 2,414 15,124 2 Other Income 288 310 195 939 3 Total Income
Slide 19: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 30-Sep-13 31-06-2013 30-Sep-12 31-Mar-13 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 1,128 22% 1,262 24% 646 25% 3,887 24% 12 Tax 350 396 189 1,125 13 PAT 778 15% 866 16% 456 18% 2,762
Slide 20: Sales Summary
SALES SUMMARY www.prestigeconstructions.com
Slide 21: Sales Summary
Sales Summary Area in Mnsf Rs. Mn Quarter II FY 13-14 Quarter I FY 13-14 Quarter II FY 12-13 Half year FY 12-13 FY 12-13 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 1.35 986 7,723 1.33 994 7,298 1.17 793 5,707 2.68 1
Slide 22: Unrecognized Revenue From Projects Under Construction
Unrecognized Revenue From Projects Under Construction Rs. Mn Total sales Cumulative Balance Expected value of unit turnover turnover to be Sl.No Projects timeline to reach sold as at declared upto declared on 25% trigger 30.09.2013 30.09.13 POC A Residential Projects - Ongoing 1 Prestige Bellavista
Slide 23: Unrecognized Revenue From Projects Under Construction
Unrecognized Revenue From Projects Under Construction Rs. Mn Total sales Cumulative Balance Expected value of unit turnover turnover to be Sl.No Projects timeline to reach sold as at declared upto declared on 25% trigger 30.09.2013 30.09.13 POC A Residential Projects - Ongoing 21 Prestige Summerfiel
Slide 24: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance New Sales / Amount Closing Balance Name of the Project as at 01.07.2013 Adjustment Realised as at 30.09.2013 Completed Projects Prestige Cyber Towers 354 - - 354 Prestige Oasis 656 25 78 603 Prestige Shantiniketan 1,279 304 245 1,338 Prestige Southridge
Slide 25: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance Incremental POC Closing Balance Name of the Project Amount Realised as at 01.07.2013 POC Turnover Adjustment as at 30.09.2013 Other Ongoing Projects Prestige Technopolis - - - 25 - Prestige Garden Bay - - - 113 - Prestige Glenwood - - - 92 - Prestige Ma
Slide 26: Debt Profile
Debt Profile Rs. Mn Co n so lid ated P arti c u l ars Stan d al o n e % % Lo an * Deb t as o n 3 0 .0 9 .2 0 1 3 Secured Loan 16,017 100% 27,062 100% a. Project Debt ‐ Resi & Comm 11,844 74% 14,015 52% b. Capex Loans ‐ Office Space 774 0.05 3,803 14% ‐ Retail ‐ ‐ 651 2% ‐ Hospitality 975 6% 1,755 6%
Slide 27: Receivables Profile
Receivables Profile Revenue Generating Projects Area in Mnsf Rs. Mn Developable Area 42.21 Cost Car Park Area 8.26 Saleable Area 33.95 88,629 Partner Share Prestige Share Already Balance to be Value NA Value 1,57,389 Incurred spent Area 7.14 Area 26.81 29,422 59,207 Sales achieved (64%) Stock (36%)
Slide 28: Rental Income
Rental Income Area in Mnsf Rs. Mn QII FY 13-14 Exit Rental Income : Rs 2,779 mn FY 13-14 Guidance : Rs 3,200 mn 28
Slide 29: Annualised Projected Exit Rentals for Area Leased
Annualised Projected Exit Rentals for Area Leased Area in Mnsf Rs. Mn Total Leasable PEPL Share of Area Leased - Rent P.a Sl. No Project Name Segment Rent Per Sft Area Leasable Area Prestige Share (Annualised) Existing Rental Income as on 30 September,2013 1 Prestige Estates Projects Ltd Commercial
Slide 30: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com
Slide 31: Business Segments
Business Segments Malls Retail Office Space Apartments Built to suit Villas Campuses Residential Commercial Townships Our SEZs Plotted Developments Business IT Parks Sub leasing & fit out services Resorts Interior Design Services Hospitality Serviced & Execution Apartments Facilities & Hotels Proper
Slide 32: Product Mix – Segment Wise
Product Mix – Segment Wise Ongoing Projects Upcoming Projects Total Area – 54.45 Mnsf Total Area – 33.94 Mnsf 4% 4% 10% 17% Residential Residential 19% Commercial Commercial Retail Retail Hospitality 67% 78% No. of Developable Segment No. of Developable Projects Area (Mnsf) Segment Projects Area (Mn
Slide 33: Product Mix – Geography Wise
Product Mix – Geography Wise Ongoing Projects Upcoming Projects Total Area – 54.45 Mnsf Total Area –33.94 Mnsf 1% 0% 4%2% 11% 4% 1% Bangalore Bangalore 4% 10% Chennai Cochin Cochin Hyderabad Hyderabad Mangalore Mangalore Mysore Ooty 79% 84% No. of Developable No. of Developable City City Projects Ar
Slide 34: Ongoing Projects - Residential
Ongoing Projects Residential Developable Economic Prestige No of Sl.No Project City Prestige Share of Units Area (Mnsf) Interest Share (Mnsf) Units 1 Prestige Golfshire- Villas Bangalore 1.75 100.00% 1.75 228 228 2 Prestige White Meadows -1 Bangalore 1.07 100.00% 1.07 163 163 3 Prestige White Meadow
Slide 35: Ongoing Projects - Residential
Ongoing Projects Residential Developable Economic Prestige No of Sl.No Project City Area (Mnsf) Interest Share (Mnsf) Units 22 Prestige Philadelphia Bangalore 0.03 45.00% 0.01 8 23 Prestige Ferns Residency Bangalore 3.29 62.00% 2.04 1,324 24 Prestige Misty Waters Bangalore 1.02 51.00% 0.52 558 25 Pr
Slide 36: Ongoing Projects - Commercial
Ongoing Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Cessna Business Park B8 - B11 Bangalore 3.56 85.00% 3.03 2 Prestige Khoday Towers Bangalore 0.26 48.53% 0.13 3 Exora Business Park - Block 2 Bangalore 1.02 32.46% 0.33 4 Prestige Technop
Slide 37: Ongoing Projects - Retail and Hospitality
Ongoing Projects Retail Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Forum Sujana Hyderabad 1.47 24.50% 0.36 2 Forum Shantiniketan Bangalore 1.06 65.00% 0.69 3 Forum Mysore Mysore 0.55 50.99% 0.28 4 Forum Mangalore Mangalore 0.95 34.00% 0.32 5 Prestige TMS Sq
Slide 38: Upcoming Projects - Residential
Upcoming Projects Residential Developable Economic Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) 1 Prestige Leela Residences Bangalore 0.36 60.00% 0.22 2 Kakanad Property Cochin 0.80 70.00% 0.56 3 Prestige Greenmoor Bangalore 0.39 25.00% 0.10 4 Prestige South Woods Bangalore 1.28 67.
Slide 39: Upcoming Projects - Commercial and Retail
Upcoming Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Kakanad Property Cochin 0.20 70.00% 0.14 2 Prestige Technostar Bangalore 1.65 51.00% 0.84 3 Jacobs Land - IT Park Bangalore 2.81 73.93% 2.08 4 Prestige Tech Park IV Bangalore 1.25 90.00
Slide 40: Land Bank & Projects Under Planning
Land Bank & Projects Under Planning Land Area Economic PEPL Share Sl. No Entity Name Location (Acres) Interest (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi 142.74 100.00% 142.74 2 Prestige Projects Pvt Ltd Bangalore 168.00 32.68% 54.90 3 Prestige Garden Resorts Pvt Ltd Bangalore 7.00 100.00% 7.
Slide 41: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com
Slide 42: Advantage Prestige
Advantage Prestige Iconic developments like Spearheaded by Real Estate Icon, Forum Mall, Prestige Shantiniketan, Mr. Irfan Razack & his brothers UB City, Prestige Golfshire, etc Mr. Rezwan and Noaman Razack Legacy Spanning over 26 years One of South India’s Leading Developers Only Excellence across
Slide 43: Strong Presence Across All South Indian States
Strong Presence Across All South Indian States Karnataka •Bangalore •Mysore •Mangalore Tamil Nadu •Chennai •Ooty Kerala •Kochi Andhra Pradesh •Hyderabad Goa 43
Slide 44: Board of Directors
Board of Directors Irfan Razack Rezwan Razack Noaman Razack Chairman & Managing Director Joint Managing Director Wholetime Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Independent Director Independent Director Independent Director Independent Director 44
Slide 45: Executive Management
Executive Management Faiz Rezwan Uzma Irfan Sana Rezwan Zackria Hashim Zaid Sadiq Executive Director Executive Director Executive Director Executive Director Executive Director Contracts & Projects Corporate Comm. Retail Land Acquisition Liasioning & Hospitality V. Gopal Arvind Pai Nayeem Noor Asha
Slide 46: Shareholding Pattern
Shareholding Pattern 6% 1% 18% Promoters FII 75% Mutual Fund Public & Others As on 30 September, 2013 46
Slide 47: Awards & Recognition
AWARDS & RECOGNITION www.prestigeconstructions.com
Slide 48: Awards & Recognition
Awards & Recognition NDTV Property Award- Top LEED ID+C Platinum NDTV Property Award- Top Commercial Space Developer Certification- CISCO B15 Commercial Space Developer 48
Slide 49: Awards & Recognition
Awards & Recognition Indian Realty Awards 2013- Indian Realty Awards 2013- Leader Developer of the year of the year to Mr. Irfan Razack, CMD 49
Slide 50: Awards & Recognition
Awards & Recognition Indian Realty Awards 2013- Project Indian Realty Awards 2013- Project of of the year to Prestige Oasis the year to Prestige Shantiniketan 50
Slide 51: Awards & Recognition
Awards & Recognition Indian Realty Awards 2013- Real Leader for giving back to the society to Mr. Irfan Razack, CMD 51
Slide 52: Awards & Recognition
Awards & Recognition LEED Green Building Certification- Prestige Shantiniketan, Shot at location - Prestige Neptune’s Courtyard - Cochin Commercial Development 52
Slide 53: Awards & Recognition
Awards & Recognition National Safety Award- Prestige White Meadows Shot at Mr. V. Gopal location – Executive - Prestige Director Neptune’s (Projects -&Cochin Courtyard Planning) receiving the Top Commercial Space Developer Award Project Prestige White Meadows has been awarded as Winner for Accident
Slide 54: Project Snapshot A Virtual Tour
PROJECT SNAPSHOT A Virtual Tour www.prestigeconstructions.com
Slide 55: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige Royal Gardens- Phase II Perspective 55
Slide 56: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige Sunrise Park Phase II Perspective 56
Slide 57: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige Ivy Terraces Perspectives 57
Slide 58: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige Jade Pavilion Perspectives 58
Slide 59: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige Down Town Perspectives 59
Slide 60: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige Silver Spring Perspectives 60
Slide 61: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Ferns Residency Prestige Park View Prestige Bella Vista Prestige Casabella 61
Slide 62: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige White Meadows Prestige Royal Woods Prestige Silver Oak Prestige Garden Bay 62
Slide 63: Project Snapshots – Commercial Projects
Project Snapshots – Commercial Projects Current Construction Progress Prestige Tech Park III Exora Business Park – B2 Cessna Business Park – B8 Prestige Khoday Tower 63
Slide 64: Project Snapshots – Retail Projects
Project Snapshots – Retail Projects Current Construction Progress Forum Sujana Mall Forum Mangalore Mall Mysore Central Mall Forum Mysore Mall 64
Slide 65: Project Snapshots – Hospitality Projects
Project Snapshots – Hospitality Projects Current Construction Progress Aloft Hilton 65
Slide 66: Guidance Vs Achieved
GUIDANCE VS ACHIEVED www.prestigeconstructions.com
Slide 67: Guidance Vs Achieved
Guidance Vs Achieved Target for Full Achieved in Particulars % Achieved Year ( FY 13-14) H1 FY 13-14 Sales (Rs. Mn) 43,000 22,940 53% Turnover (Rs Mn) 20,000 10,293 51% Collections (Rs. Mn) 23,000 12,272 53% Launches (Mnsf) 14.00 10.70 76% Leasing (Mnsf) 2.00 1.23 61% Exit Rental Income (Rs. Mn) 3,2
Slide 68: 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 69: Thank You
Thank You Prestige Estates Projects Limited Mr. Venkat K. Narayana The Falcon House, Executive Director & CFO No. 1, Main Guard Cross Road, Phone: +91 -80 – 25001280 Bangalore – 560 001 E-mail: investors@prestigeconstructions.com Phone: +91 -80 – 25591080 Fax: + 91 – 80 - 25591945 www.prestigeconstr
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