Slide 1: Investor Presentation QIV FY 2012-13
INVESTOR PRESENTATION QIV FY 2012 -13 www.prestigeconstructions.com
Slide 2: Index
Index HIGHLIGHTS OF QIV & FY 2012 - 13 FINANCIAL PERFORMANCE SALES SUMMARY DEBT PROFILE RECEIVABLES PROFILE RENTAL PORTFOLIO & LEASING UPDATE PROJECT PORTFOLIO & UPDATE ABOUT PRESTIGE 2
Slide 3: Highlights of QIV & FY 2012-13
HIGHLIGHTS OF QIV & FY 2012-13 www.prestigeconstructions.com
Slide 4: Operational Performance
Highlights of QIV & FY 2012 - 13 Operational Performance Quarter IV Particulars FY 12-13 FY 12-13 New Sales - Total Amount (Rs. Mn) 6,507 37,274 Area (Mnsf) 1.08 7.14 Avg Realization/Sft (Rs) 6,025 5,220 New Sales - Prestige Share Amount (Rs. Mn) 5,416 31,221 Area (Mnsf) 0.89 5.99 New Leasing Total
Slide 5: Financial Performance - Standalone
Highlights of QIV & FY 2012 - 13 Financial Performance - Standalone Quarter IV Particulars FY 12-13 FY 12-13 Standalone Turnover (Rs. Mn) 5,875 16,064 Standalone EBIDTA (Rs. Mn) 1,599 5,113 Standalone EBIDTA % 27% 32% Standalone PAT (Rs. Mn) 890 2,760 Standalone PAT % 15% 17% WACC 13.01% 13.01% Stan
Slide 6: Financial Performance - Consolidated
Highlights of QIV & FY 2012 - 13 Financial Performance - Consolidated Particulars FY 12-13 FY 11-12 Consolidated Turnover (Rs. Mn) 20,112 10,865 Consolidated EBIDTA (Rs. Mn) 6,427 3,308 Consolidated EBIDTA % 32% 30% Consolidated PAT (Rs. Mn) 2,908 819 Consolidated PAT % 14% 8% Consolidated D/E Ratio
Slide 7: Quarterly performance summary
Highlights of QIV & FY 2012 - 13 Quarter IV Quarter III Quarter IV Quarter II Quarter I Particulars FY 12-13 FY 11-12 FY 12-13 FY 12-13 FY 11-12 FY 12-13 FY 12-13 Turnover (Rs. Mn) 5,875 5,116 2,177 2,609 2,464 16,064 7,992 EBIDTA (Rs. Mn) 1,599 1,619 842 920 975 5,113 2,907 EBIDTA % 27% 32% 39% 35%
Slide 8: Financial Highlights - Standalone (Quarter)
Highlights of QIV & FY 2012 - 13 Financial Highlights - Standalone For the quarter ended March 31, 2013: • Revenues at Rs. 5,875 million up by 170% as compared to the corresponding previous year’s quarter (QIV – FY 11-12) revenues of Rs. 2,177 million. • EBIDTA at Rs. 1,599 million up by 90% as comp
Slide 9: Financial Highlights - Standalone (Year)
Highlights of QIV & FY 2012 - 13 Financial Highlights - Standalone For the year ended March 31, 2013: • Revenue for FY 12-13 is at Rs. 16,064 million, up by 101% as compared to the previous year’s revenue of Rs. 7,992 million. • EBIDTA for FY 12-13 is Rs. 5,113 million, up by 76% as compared to the
Slide 10: Financial Highlights - Consolidated
Highlights of QIV & FY 2012 - 13 Financial Highlights - Consolidated For the year ended March 31, 2013: • Consolidated Revenue for FY 12-13 is at Rs. 20,112 million, up by 85% as compared to the previous year’s revenue of Rs. 10,865 million. • Consolidated EBIDTA for FY 12-13 is Rs. 6,427 million, u
Slide 11: Operational Highlights - Quarter
Highlights of QIV & FY 2012 - 13 Operational Highlights For the quarter ended March 31, 2013: • The Company has sold 505 units over 1.08 million square feet of Residential and Commercial space aggregating to Rs. 6,507 million of sales (PEPL Share: Rs. 5,416 million). • The average realization of Rs.
Slide 12: Operational Highlights - Year
Highlights of QIV & FY 2012 - 13 Operational Highlights For the year ended March 31, 2013: • The Company has sold 3,566 units for the year ended March 31, 2013 totalling to 7.14 million square feet thereby translating to Rs. 37,274 million of Sales (PEPL Share: Rs. 31,221 million). • For the year en
Slide 13: Turnover & EBIDTA
Highlights of QIV & FY 2012 - 13 Turnover & EBIDTA (Rs. Mn) 6,000 5,875 5,116 5,000 4,000 3,000 2,609 2,464 2,000 1,619 1,598 975 920 1,000 Turnover 0 EBIDTA QI FY13 QII FY13 QIII FY13 QIV FY13 FY 12-13 Turnover : Rs. 16,064 mn FY 12-13 Guidance : Rs 15,000 mn 13
Slide 14: Collections, Sales and Rental Income
Highlights of QIV & FY 2012 - 13 Collections (Q-O-Q) (Rs. Mn) Collections (Y-O-Y) (Rs. Mn) 6,000 5,328 19.695 5,050 5,076 20,000 47% 5,000 4,241 5,328 18,000 QIV FY13 13,354 16,000 4,000 14,000 QIV FY12 5,076 QIII FY13 3,000 12,000 4,556 10,000 QIII FY12 3,280 5,050 QII FY13 2,000 8,000 6,000 QII FY
Slide 15: Business Performance - Launches
Highlights of QIV & FY 2012 - 13 Business Performance Launches/Pre Launches during Q4 & FY 12-13 Developable Economic No. of Units % Sold Sl.No Project Location Segment Area (Mnsf) Interest (PEPL Share) (PEPL Share) Quarter I 1 Prestige Garden Bay Bangalore Residential 0.64 72.00% 132 72% 2 Prestige
Slide 16: Business Performance - Launches (Q3-Q4)
Highlights of QIV & FY 2012 - 13 Business Performance Launches/Pre Launches during Q4 & FY 12-13 Developable Economic No. of Units % Sold Sl.No Project Location Segment Area (Mnsf) Interest (PEPL Share) (PEPL Share) Quarter III 16 Prestige Royale Garden - Phase I Bangalore Residential 0.43 68.50% 17
Slide 17: Completions and Area Leased
Highlights of QIV & FY 2012-13 Business Performance Completions during QIV & FY 12-13 Developable Economic Prestige Share Project Location Segment Area (Mnsf) Interest (Mnsf) Quarter III Prestige Shantiniketan (Tower C) Bangalore Commercial 0.76 61.00% 0.46 Exora Business Park - Block 3 Bangalore Co
Slide 18: Financials Update
FINANCIALS UPDATE www.prestigeconstructions.com www.prestigeconstructions.com
Slide 19: Balance Sheet
Financials Balance Sheet as at 31st March, 2013 Rs. Mn As at As at As at Particulars 31-Mar-13 31-Dec-12 31-Mar-12 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,500 3,281 3,281 (b) Reserves and surplus 23,584 19,860 17,990 27,084 23,141 21,270 (2) Non-current liabilities (a)
Slide 20: Profit & Loss Account
Financials Profit & Loss Account for the period ended 31st March, 2013 Rs. Mn Quarter ended Year ended Particulars 31-Mar-13 31-Dec-12 31-Mar-12 31-Mar-13 31-Mar-12 (I) Revenue from Operations 5,597 4,921 1,669 15,124 7,455 (II) Other Income 278 195 129 939 538 (III) Total Revenue - (I+II) 5,875 5,1
Slide 21: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Year Ended Sl. No. Particulars 31-Mar-13 31-Dec-12 31-Mar-12 31-Mar-13 31-Mar-12 Ratio/% Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited) 1 Sale of Projects & Property Income 5,597 4,921 2,021 15,124 7,455 2
Slide 22: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Year Ended Sl. No. Particulars 31-Mar-13 31-Dec-12 31-Mar-12 31-Mar-13 31-Mar-12 Ratio/% Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited) 11 PBT 1,254 21% 1,327 26% 578 27% 3,887 24% 1,817 23% 12 Tax 364 407
Slide 23: Sales Summary
SALES SUMMARY www.prestigeconstructions.com
Slide 24: Sales Summary
Sales Summary Area in Mnsf Rs. Mn Quarter IV FY 12-13 Quarter III FY 12-13 Quarter IV FY 11-12 FY 12-13 FY 11-12 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 0.57 340 3,164 0.98 640 4,875 1.15 761 5,085 4.01 2,560 19,
Slide 25: 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 31.03.2013 31.03.13 POC A Residential Projects - Ongoing 1 Pretsige Golfshire P
Slide 26: 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 31.03.2013 31.03.13 POC 17 Prestige Garden Bay 986 - 986 FY 14 18 Prestige Fern
Slide 27: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance Amount Closing Balance Name of the Project New Sales Adjustment as at 01.01.2013 Realised as at 31.03.2013 Completed Projects Prestige Cyber Towers 354 - - - 354 Prestige Oasis 800 102 - 122 779 Prestige Shantiniketan 1,850 611 - 920 1,541 Prestige Sout
Slide 28: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance Incremental POC Amount Closing Balance Name of the Project as at 01.01.2013 POC Turnover Adjustment Realised as at 31.03.2013 Other Ongoing Projects Prestige Tranquility 678 Prestige Whitemeadows Apts 3 & 4 146 Prestige Royal Woods 88 Prestige Technopol
Slide 29: Debt Profile
Debt Profile Rs. Mn Consolidated Particulars Standalone % % Loan * Debt as on 31.03.2013 Secured Loan 14,628 99% 23,708 99% a. Project Debt - Resi & Comm 10,557 72% 11,440 48% b. Capex Loans - Office Space - - 2,335 10% - Retail - - 338 1% - Hospitality 975 7% 1,753 7% c. Rental Securitisation Loans
Slide 30: Receivables Profile
Receivables Profile Area in Mnsf Rs. Mn FY12-13 Sales : Rs 31,221 mn FY 12-13 Guidance : Rs 25,000 mn 30
Slide 31: Rental Income
Rental Income Area in Mnsf Rs. Mn 4,047 2,275 2,518 * Of the above mentioned 5.26 mnsf of leasable area in office space of ongoing projects & 4.06 mnsf of Retail space, we have already leased/tied up with various tenants for an area of 3.18 mnsf in office space & 1.68 mnsf in retail space as on 31.0
Slide 32: 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 31 March,2013 1 Prestige Estates Projects Ltd Commercial 1.62
Slide 33: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com
Slide 34: 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 35: Product Mix – Segment Wise
Product Mix – Segment Wise Ongoing Projects Upcoming Projects Total Area – 46.86 Mnsf Total Area – 37.98 Mnsf 4% 5% 16% 14% Residential Residential Commercial Commercial 56% Retail 25% Retail Hospitality 80% Segment No. of Developable No. of Developable Projects Area (Mnsf) Segment Projects Area (Mn
Slide 36: Product Mix – Geography Wise
Product Mix – Geography Wise Ongoing Projects Upcoming Projects Total Area – 46.86 Mnsf Total Area – 37.98 Mnsf 0% 2% 4% 0% 2% 2% 5% 2% 4% Bangalore Bangalore Chennai Chennai 14% Cochin Cochin Hyderabad Hyderabad Mangalore Mangalore Ooty 73% Mysore 92% No. of Developable No. of Developable City City
Slide 37: Ongoing Projects - Residential
Ongoing Projects Residential Developable Economic Prestige No of Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) Units Share of 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 38: Ongoing Projects - Commercial
Ongoing Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Cessna Business Park B7 - B11 Bangalore 4.33 85.00% 3.68 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 Forum Vijaya Mal
Slide 39: 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 63.87% 0.68 3 Forum Vijaya Mall Chennai 1.16 50.00% 0.58 4 Forum Mysore Mysore 0.55 50.99% 0.28 5 Forum Mangalore
Slide 40: 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 Prestige Silver Spring Chennai 0.49 27.54% 0.14 3 Kakanad Property Cochin 0.80 70.00% 0.56 4 Prestige Jade Pavilion Bangalore 0.68
Slide 41: 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 Prestige Spectra Bangalore 0.12 72.00% 0.08 4 Jacobs Land - IT Park Bangalore 2.81 73.93% 2.0
Slide 42: 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 43: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com
Slide 44: 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 45: 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 45
Slide 46: Board of Directors
Board of Directors Irfan Razack Rezwan Razack Noaman Razack Chairman & Managing Director Joint Managing Director Whole-time Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Independent Director Independent Director Independent Director Independent Director 46
Slide 47: Executive Management
Executive Management 1 2 3 4 5 6 7 8 9 10 1 Faiz Rezwan 2 Uzma Irfan 3 Sana Rezwan 4 Zackria Hashim 5 Zaid Sadiq Executive Director Executive Director Executive Director Executive Director Executive Director Contracts & Projects Corporate Communication Retail Land Acquisition Liasioning & Hospitalit
Slide 48: Shareholding Pattern
Shareholding Pattern 2% 8% 15% Promoters FII Mutual Fund 75% Public & Others As on 31 March, 2013 48
Slide 49: Awards & Recognition
AWARDS & RECOGNITION www.prestigeconstructions.com
Slide 50: Awards & Recognition
Awards & Recognition 1) "The Forum Koramangala ” - India Shopping Centre Award (ISCA) for “The Most Admired Shopping Centre of the year (South) 2012 – 13”. This was awarded to us in Mumbai organised by the IMAGES Group during the ISCF Conference on 8th and 9th May 2013. 2) The Asia Pacific Property
Slide 51: Awards & Recognition
Awards & Recognition 3) The Asia Pacific Hotel Awards: Best Hotel for Oakwood Premier Prestige Serviced Residences, India Best Resort Hotel for Angsana Oasis Spa & Resort, India Best Spa Hotel for Angsana Oasis Spa & Resort, India 4) Mr Irfan Razack was awarded by Credai for "Outstanding contr
Slide 52: Project Snapshot
PROJECT SNAPSHOT www.prestigeconstructions.com
Slide 53: Project Snapshots - New Launches: Prestige Spencer Heights
Project Snapshots - New Launches during the quarter Prestige Spencer Heights 53
Slide 54: Project Snapshots - New Launches: Prestige Brooklyn Heights
Project Snapshots - New Launches during the quarter Prestige Brooklyn Heights 54
Slide 55: Project Snapshots – Prestige White Meadows
Project Snapshots – Key Projects Prestige White Meadows Perspective Current Construction Progress 55
Slide 56: Project Snapshots – Kingfisher Towers
Project Snapshots – Key Projects Kingfisher Towers Perspective Current Construction Progress 56
Slide 57: Project Snapshots – Prestige Bella Vista
Project Snapshots – Key Projects Prestige Bella Vista Perspective Current Construction Progress 57
Slide 58: Project Snapshots – Prestige Tranquility
Project Snapshots – Key Projects Prestige Tranquility Perspective Current Construction Progress 58
Slide 59: Project Snapshots – Prestige Park View
Project Snapshots – Key Projects Prestige Park View Perspective Current Construction Progress 59
Slide 60: Guidance Vs Achieved
GUIDANCE VS ACHIEVED www.prestigeconstructions.com
Slide 61: Guidance Vs Achieved
Guidance Vs Achieved FY 12-13 FY 11-12 FY 13-14 Particulars Guidance Achieved % Achieved Guidance Achieved % Achieved Guidance Sales (Rs. Mn) * 43,000 25,000 31,221 125% 15,000 21,127 141% Turnover (Rs Mn) 20,000 15,000 16,064 107% 7,500 7,992 107% Collections (Rs. Mn) 23,000 15,000 19,695 131% 12,0
Slide 62: 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 63: 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