Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q1 FY2023 Earnings Presentation
49 slides from Prestige Estates Projects's earnings presentation, 2022
Slide 1: Q1 2023 Investor Presentation
PRESTIGE ESTATES PROJECTS LIMITED Q1 2023 INVESTOR PRESENTATION 1 1
Slide 2: Agenda
AGENDA KEY SEGMENT MUMBAI ABOUT HIGHLIGHTS ANALYSIS FOOTPRINT PRESTIGE • OUR JOURNEY • RESIDENTIAL • RESIDENTIAL • BOARD • OPERATIONAL HIGHLIGHTS • COMMERCIAL • COMMERCIAL • EXECUTIVE MANAGEMENT • FINANCIAL HIGHLIGHTS • RETAIL • DEBT PROFILE • HOSPITALITY • SCALE OF OPERATIONS • PROPERTY MANAGEMENT
Slide 3: Our Journey
OUR JOURNEY 35+ Years 12 Cities OF LEGACY OF TRUST AND EXPANDING 271+ 151+ Mn PROJECTS COMPLETED SFT DA 1 CRISIL RATING Prestige Group’s footprint 3 www.prestigeconstructions.com
Slide 4: Our Journey: Completed Projects
OUR JOURNEY 134 116 Completed Projects Residential Commercial 103 Mn Sft 37 Mn Sft 271 projects 151+ mn sft 12 9 Retail Hospitality 8 Mn Sft 4 Mn Sft www.prestigeconstructions.com 4
Slide 5: In the Pipeline
159+ 75 84 Mn Sft Land Bank Mn Sft Mn Sft 48 Projects 375 Acres In the Under construction 51 Projects Under planning Pipeline www.prestigeconstructions.com 5
Slide 6: Operational Highlights
OPERATIONAL HIGHLIGHTS www.prestigeconstructions.com 6
Slide 7: Operational Highlights
OPERATIONAL HIGHLIGHTS ₹30,121 ₹21,464 9.67 0.78 mn mn mn sft mn sft SALES COLLECTION LAUNCHES COMPLETION • Up 310% YOY • Up 110% YOY • Bangalore • Up 280% YOY • Q1 FY22 Sales value ₹7,339 mn • Q1 FY22 Collections ₹10,223 mn • Mumbai • Q1 FY22 Completions 0.20 mn sft • Sales Volume 3.63 mn sft • Avg
Slide 8: Geographical Contribution Q1 Sales
24% GEOGRAPHICAL CONTRIBUTION Q1 SALES Mumbai 4% Hyderabad Sales (mn) 1% Goa 20059 7378 67% 1% Mangalore 1347 2% Bengaluru Chennai 725 279 218 1% Kochi 114 - 5,000 10,000 15,000 20,000 25,000 www.prestigeconstructions.com 8
Slide 9: Launches / Completions Q1 2023
LAUNCHES / COMPLETIONS Q1 2023 Mumbai Developable # Project Launched Location Segment Area (Mn sft) 1 The Prestige City Mulund - Bellanza Mumbai Residential 3.08 2 Prestige Tech Forest Bengaluru Commercial 3.71 3 Prestige Waterfront Bengaluru Commercial 0.54 4 The Prestige City - Meridian Park Ph II
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS www.prestigeconstructions.com 10
Slide 11: Financial Highlights
FINANCIAL HIGHLIGHTS EBITDA: 26.59% ₹20,118 ₹5,350 ₹2,511 mn mn mn PAT: 12.48% REVENUE EBITDA PAT EBITDA & PAT • Up 42% YOY • Up 49% YOY • Up 210% YOY • Q1 FY22 Revenue: ₹14,180 mn • Q1 FY22 EBITDA: ₹3,585 mn • Q1 FY22 PAT: ₹810 mn 11 www.prestigeconstructions.com
Slide 12: Segment Wise Results
SEGMENT WISE RESULTS (in Million) Others Q1 FY 2022-23 Office Retail Hospitality Services Residential Total (Note 1) Revenue 410 132 1,442 1,577 14,884 940 19,385 EBITDA (excluding other income) 302 81 509 261 2,524 940 4,617 EBITDA % 74% 61% 35% 17% 17% 100% 24% Depreciation 119 136 423 27 96 667 1
Slide 13: Capital Employed
CAPITAL EMPLOYED Particulars Office Retail Hospitality Services Residential Others Total Equity A 31,283 13,219 20,476 974 27,042 - 92,994 Debt (including ongoing capex) B 11,718 2,806 9,648 - 32,224 56,396 Debt taken for ongoing capex C 10,119 project 7,826 2,293 - - - - Debt (excluding ongoing cap
Slide 14: Debt Profile
DEBT PROFILE 0.40 Project Debt - Residential & DEBT EQUITY RATIO 16% Commercial Sales Office 39% 10% Retail ₹39,190 mn NET DEBT Hospitality 17% Rental Securitisation Loans 4% 15.00% Project Receivable 9.40% Discounting Loans AVERAGE BORROWING COST www.prestigeconstructions.com 14
Slide 15: Scale of Operation (mn sft)
SCALE OF OPERATION (mn sft) 120 103.6 100 80 59.2 60 45.7 40 36.9 23.8 18.8 20 7.6 4.7 3.7 2.3 2.8 0.8 0 Completed (151 mn sft) Ongoing (75 mn sft) Upcoming (84 mn sft) RESIDENTIAL COMMERICAL RETAIL HOSPITALITY www.prestigeconstructions.com 15
Slide 16: Segment Analysis
16 SEGMENT ANALYSIS 16 www.prestigeconstructions.com
Slide 17: Residential Segment
RESIDENTIAL SEGMENT 134 Completed Projects 103 mn sft 30 Ongoing Projects 46 mn sft 32 Upcoming Projects 60 mn sft www.prestigeconstructions.com 17
Slide 18: Ongoing Residential Projects (46 mn sft)
Ongoing Residential Projects (46 mn sft) Developable Area (Mnsf) Economic Interest (%) Prestige Share (Mnsf) Bengaluru (32.32 mn sft) Prestige Elysian 1.11 31% 0.34 Prestige Fairfield 0.54 27% 0.15 Prestige Finsbury Park- Regent 1.81 60% 1.09 Prestige Finsbury Park- Hyde 2.77 60% 1.66 Prestige Jinda
Slide 19: Stock Calculation
CASHFLOW: COMPLETED STOCK + ONGOING RESIDENTIAL PROJECTS 200000 Area in Mn 172944 Particulars Sft ₹ Mn 150000 Total Developable Area 84.22 Car Park Area 23.88 100000 93167 77417 83,123 Total Saleable Area 60.34 50000 PG area share 48.84 2360 Estimated Value 3,56,991 0 Balance to Stock Refundable Tot
Slide 20: Upcoming Residential Projects (59 mn sft)
Upcoming Residential Projects (59 mn sft) Developable Area (Mnsf) Economic Interest (%) Prestige Share (Mnsf) Bengaluru (26.45 mn sft) Prestige Glenbrook 0.56 100% 0.56 Prestige Maple Heights 0.28 65% 0.18 Prestige Misty Waters- Phase III 0.40 62% 0.25 Prestige Roshanara 0.23 100% 0.23 Noida (3.10 m
Slide 21: Cashflow Upcoming Residential Projects
CASHFLOW UPCOMING RESIDENTIAL PROJECTS Value in Particulars Area in Mn Sft ₹ Mn Total Developable Area 59.54 400000 355977 Car Park Area 13.17 300000 Total Saleable Area 46.37 PG area share 37.44 200000 123,582 Estimated Value-A 3,55,977 100000 1144 0 Estimated Value Balance to Spend Refundable Depo
Slide 22: Commercial Segment
COMMERCIAL SEGMENT 22 116 COMPLETED 14 ONGOING 37 mn 24 mn 10 UPCOMING 1,575 mn 19 mn EXIT RENTALS 22 www.prestigeconstructions.com 22
Slide 23: Ongoing Commercial Projects (24 mn sft)
Developable Area (Mnsf) Economic Interest (%) Prestige Share (Mnsf) Ongoing Commercial Projects 23 (24 mn sft) Bengaluru (18.21 mn sft) Prestige Tech Cloud 4.65 86% 4.00 Delhi (0.8 mn sft) Prestige Tech Park IV (Adobe) 0.59 100% 0.59 DIAL (Aerocity) 0.80 50% 0.40 Prestige Minsk Square 0.58 55% 0.32
Slide 24: Upcoming Commercial Projects (19 mn sft)
Developable Area (Mnsf) Economic Interest (%) Prestige Share (Mnsf) Upcoming Commercial Projects 24 (19 mn sft) Bengaluru (5.96 mn sft) Prestige Capital Square 0.17 65% 0.11 Prestoge Techzone 1.78 67% 1.19 Prestige Tech park 5 0.13 100% 0.13 Prestige Landmark 2.96 55% 1.63 Prestige Tech Habitat 0.92
Slide 25: Exit Rentals - Commercial
EXIT RENTALS - COMMERCIAL 25 Total EconomicEconomic Area Leased S.No Interest Prestige . Project Name Entity Name Segment Leasable Area Interest (%) (MnSf) Share Rent P.A. 1 Prestige Logistic Centre Avyakth Cold Storages Private Limited Commercial 0.39 100.00 0.39 0.39 85 2 Prestige Polygon Prestige
Slide 26: Commercial Portfolio Potential (30.33 mn sft GLA)
COMMERCIAL PORTFOLIO POTENTIAL (30.33 mn sft GLA) 26 Area in Mnsqft Value in ₹ Million OPERATING ONGOING UPCOMING TOTAL GLA 3.49 11.87 14.97 30.33 Economic Interest 2.79 7.18 8.71 18.69 Rentals p.a. ₹ 2,143 12,570 33,410 48,123 Economic Interest ₹ 1,575 7,223 17,515 26,313 Annuity income26 portfolio
Slide 27: Retail Segment
RETAIL SEGMENT 12 COMPLETED 7.6 mn sft EXIT RENTALS UPCOMING 2 ONGOING 2.3 mn sft ONGOING COMPLETED 4 UPCOMING 4.7 mn sft 787 mn EXIT RENTALS 1349 INCREMENTAL RENTALS PA www.prestigeconstructions.com 27
Slide 28: Ongoing and Upcoming Retail
ONGOING – RETAIL UPCOMING – RETAIL (2.3 mn sft) (4.75 mn sft) Bengaluru Forum 13o North 1.13 100% 1.13 Bengaluru The Prestige City 0.98 60% 0.59 Falcon City Forum Mall 1.27 66% 0.83 Chennai Forum One OMR 1.96 48% 0.93 Kochi Forum Thomsun 1.06 50% 0.53 Kochi Forum Neighbourhood Mall 0.69 70% 0.48 Dev
Slide 29: Exit Rentals - Retail
EXIT RENTALS - RETAIL Total Economic Economic Area Leased Interest Prestige S.No Project Name Entity Name Segment Leasable Area Interest (%) Rent P.A. (MnSf) Share Prestige Hyderabad Retail Ventures Pvt. 1 Forum Sujana Mall Hyderabad Ltd. Retail 0.81 15.00 0.12 0.12 149 Prestige Mangalore Retail Ven
Slide 30: Incremental Rentals - Retail
INCREMENTAL RENTALS – RETAIL Total Economic Area Leased S.No. Project Name Leasable Area Interest (%) Prestige Share Rent P.A. 1 Falcon City Forum Mall 0.95 66% 0.62 974 2 Forum Thomsun 0.66 50% 0.33 414 1.61 0.95 1,388 www.prestigeconstructions.com 30
Slide 31: Retail Portfolio Potential (8.98 mn sft GLA)
RETAIL PORTFOLIO POTENTIAL (8.98 mn sft GLA) Area in Mnsqft Value in ₹ Million OPERATING ONGOING UPCOMING TOTAL GLA 4.44 1.61 2.93 8.98 Economic Interest 0.64 0.95 1.94 3.53 Rentals p.a. ₹ 4,994 2,309 2,558 9,861 Economic Interest ₹ 788 1,388 1,727 3,902 Annuity income portfolio in the near term 31
Slide 32: Hospitality Segment
HOSPITALITY SEGMENT 9 HOTELS COMPLETED 1 ONGOING 4 mn sft 2.8 mn sft 5 UPCOMING 1368 KEYS 0.81 mn sft OPERATING 32 32 www.prestigeconstructions.com 32
Slide 33: Completed Hotels
COMPLETED HOTELS 9 HOTELS 4 mn sft Bengaluru 33 www.prestigeconstructions.com 33
Slide 34: Ongoing Hotels / Upcoming Hotels
ONGOING HOTELS 779 KEYS 2 HOTELS Delhi 2.8 mn sft UPCOMING HOTELS Bengaluru Chennai 491 KEYS 5 HOTELS Kochi 0.81 mn sft 34 www.prestigeconstructions.com 34
Slide 35: Ongoing & Upcoming - Hospitality
ONGOING & UPCOMING – HOSPITALITY ONGOING Developable Area Economic Interest Prestige Share S.No. Project State/City Keys (Mn sft) (%) (Mn sft) 1 St Regis & Marriott Marquis DIAL Delhi 779 2.79 50.00 1.39 Total A 779 2.79 1.39 UPCOMING Developable Area Economic Interest Prestige Share S.No. Project S
Slide 36: Operating Hotels Performance
OPERATING HOTELS PERFORMANCE ARR Occupancy % GOP % 11,000 100% 10579 90% 10,000 9985 10042 80% 9,000 68% 70% 65% 61% 8,000 60% 49% 50% 7,000 39% 36% 40% 6,000 30% 5,000 20% Apr-22 May-22 Jun-22 36 www.prestigeconstructions.com 36
Slide 37: Hospitality Portfolio Potential (2642 Keys)
HOSPITALITY PORTFOLIO POTENTIAL (2642 KEYS) UNDER Value in ₹ Mn OPERATING CONSTRUCTION UPCOMING TOTAL Total Keys 1,368 779 495 2,642 Economic Interest 1,211 390 442 2,042 Total Revenue p.a. ₹ 6,823 3,284 1,303 11,411 Economic Interest ₹ 5,560 1,642 1,172 8,374 37 37 www.prestigeconstructions.com 37
Slide 38: Property Management
PROPERTY MANAGEMENT 169 98 PROJECTS UNDER PROJECTS IN MANAGEMENT PIPELINE 101 MN SFT 153 MN SFT ₹ 1,361mn ₹ 10,000 mn Q1 23 FUTURE POTENTIAL GROSS REVENUE 38 www.prestigeconstructions.com 38
Slide 39: Mumbai Footprint
MUMBAI FOOTPRINT 39 www.prestigeconstructions.com E N D 39
Slide 40: Mumbai Projects
MUMBAI PROJECTS Mulund Prestige BKC 101 BKC Prestige Liberty Towers Mahalaxmi Jijamata Worli (Under Planning) 40 www.prestigeconstructions.com 40
Slide 41: Residential - Mumbai Projects
RESIDENTIAL - MUMBAI PROJECTS PEPL Share of Sales Carpet Area Expected Total Sale value S.No. Project PEPL % Value Mn sf Selling Price In Mn In Mn Ongoing Residential 1 Prestige Jasdan Classic 0.33 45,100 14,660 100 14,660 2 The Prestige City Mulund Bellanza 0.50 22,724 11,319 100 11,319 Upcoming Re
Slide 42: Commercial - Mumbai Projects
COMMERCIAL - MUMBAI PROJECTS Upcoming Commercial PEPL Share of PEPL Projected Rental Total Leasable Expected Total Sale value Projected S.No. Project PEPL % Sales Value PA (in case of leasing) Area Mn sf Selling Price In Mn Rent/Sf In Mn In Mn 1 Prestige 1O1 (X) 2.37 30,000 70,990 50 35,495 300 4,25
Slide 43: Land Bank
LAND BANK PRESTIGE BIDADI HOLDINGS 143 Acres EDEN INVESTMENT, GOA 74 Acres PRESTIGE HI TECH PROJECTS 50 Acres Land Prestige Economic # Entity Name Location City Area Share Interest (Acres) (Acres) PRESTIGE ESTATES PROJECTS LTD Prestige Bidadi Holdings Pvt 1 Bidadi Bengaluru 143 1 143 Ltd 41 Acres 2
Slide 44: About Prestige Group
ABOUT PRESTIGE GROUP 35 271 151+ 12 PROJECTS mn sft CITIES YEARS OF LEGACY COMPLETED COMPLETED www.prestigeconstructions.com 44
Slide 45: Board
BOARD Irfan Razack Dr. Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Whole-time Director Whole-time Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Neelam Chhiber Independent Director Independent Director Independent Di
Slide 46: Executive Management
EXECUTIVE MANAGEMENT Faiz Rezwan Zaid Sadiq Anjum Jung Zayd Noaman Executive Director- Executive Director- Executive Director- Interior Design Executive Director- CMD’s Office Contracts & Projects Liasion & Hospitality Omer Bin Jung Nayeem Noor Zackria Hashim Venkat K Narayan Executive Director- Hos
Slide 47: Executive Management
EXECUTIVE MANAGEMENT Arvind Pai Suresh Singaravelu Swaroop Anish V. Gopal Executive Director- Legal Executive Director- Retail, Executive Director- Business Executive Director- Hospitality Development Projects & Planning Jagdeep Singh Marwaha Lt. Col. Milan Khurana (Retd.) Tariq Ahmed Amit Mor CEO –
Slide 48: 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 49: Q1 2023 Thank You
Q1 2023 THANK YOU For any queries, please contact, E: investors@prestigeconstructions.com Registered Office-No. 19, Brunton Road, (Off M.G Road) Bangalore 560 025 Landmark - Trinity Metro Station T: +91 -80 –25001 248 F: + 91 –80 -25591945 Website: www.prestigeconstructions.com 49 Prestige Liberty T
Prestige Estates Projects — Q1 FY2023 Earnings Presentation on 6ix