Puravankara Limited · NSE:PURVA
Puravankara — Investor Presentation (June 2015)
49 slides from Puravankara's investor presentation, June 2015
Slide 1: Puravankara Projects Limited
Purva Grand Bay, Marine Drive , Kochi Puravankara Projects Limited June 2015
Slide 2: Contents
Contents • Company Overview 3-9 • Area information 10 - 16 • Sales 17- 19 • Cash Flows 20- 23 • Income Statement Analysis 24 - 28 • Balance Sheet and Statement of Capital Employed 29- 31 • Debt 32 - 33 • Shareholding Pattern/ Stock Movement 34 - 36 • Leadership 37 • Location Maps 38- 42 • Project Pi
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview • Deep domain knowledge of 40 years of the Promoter Mr. Ravi Puravankara, and his team have established Puravankara as a developer of repute; • Amongst South India’s leading real estate developer with an established presence in residential segment comprising of luxury and premium affordable
Slide 5: Premium Affordable housing through Provident Brand
Premium Affordable housing through Provident Brand • Established Provident Housing Limited in 2008 to create mid and mass housing projects comprising quality affordable apartments in response to burgeoning demand for mid-income housing • Affordability is a combination of – Efficient design improving
Slide 6: Projects portfolio of Provident
Projects portfolio of Provident Pudupakkam / Chennai / (2.2 msft)/ Completed FY 2009-2010 Doddaballapur Rd, Bengaluru (3.5 msft) / Completed For Video please click: Provident Welworth City FY 2011-2012 Thannisandra Road / Bengaluru / (0.7 msft) Mysore road / Bengaluru / (6.0 msft) For Video please c
Slide 7: Land Assets across various established micro-markets
Land Assets across various established micro-markets Land portfolio Developable area breakup in millions sq. ft. (msft) Completed Ongoing Upcoming Land Assets Total (A) (B) (C) (A)+(B)+(C) Bengaluru 19.85 14.18 8.18 41.58 63.94 Chennai 2.27 5.79 7.05 4.66 17.50 Kolkata 0.70 0.00 0.00 0.00 0.00 Kochi
Slide 8: Ongoing and Upcoming Development
Ongoing and Upcoming Development By geography By entity By segment 9% Upcoming Upcoming Upcoming 6% 2% 2% 13% ongoing 4% 10% ongoing ongoing 33% 1% 29% 40% 25% 60% 60% 96% 29% 87% 94% Bengaluru Chennai Kochi Coimbatore Hyderabad Mangalore Puravankara Provident Residential Commercial Ongoing Upcoming
Slide 9: Summary of Financial Performance
Summary of Financial Performance Revenues (INR crores) EBITDA (INR Crores) Profit Before Tax (INR Crores) Profit After Tax (INR Crores) 1,691 356 700 70% 400 30% 300 25% 595 29% 61% 350 243 1,313 600 397 60% 25% 250 1,248 480 24% 24% 20% 19% 20% 500 50% 300 243 49% 48% 408 20% 200 17% 250 19% 160 15
Slide 10: Area Information
PURAVANKARA Area Information 10
Slide 11: Area Under Development – Snapshot
Area Under Development – Snapshot in millions sq. ft. (numbers in millions sq. ft.) FY12 FY13 FY14 FY15 Q1 FY16 Opening Area 21.12 23.74 28.04 28.43 24.01 Add: Launches during the period 1 5.80 7.28 4.26 1.12 - Less: Completed during the period 2 (3.18) (2.98) (3.87) (3.31) (0.45) Less : Exit from K
Slide 12: Current Project Status – 30 June 2015
Current Project Status – 30 June 2015 S.No. Project Location On Area Launched Develop JD / JV Puravankara's Total able Share for Share - Flats Area Area Developer Developable Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Venezia
Slide 13: Current Project Status – 30 June 2015 – (contd.)
Current Project Status – 30 June 2015 – (contd.) S.No. Project Location On Area Launched Develop JD / JV Puravankara's Total able Share for Share - Flats Area Area Developer Developable Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION Pu
Slide 14: Current Project Status – 30 June 2015 – (contd.)
Current Project Status – 30 June 2015 – (contd.) S.No. Project Location On Area Launched Develop JD / JV Puravankara's Total able Share for Share - Flats Area Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES TO BE LAUNCHED
Slide 15: Geographic break up of Inventory Status- Q1 FY16
Geographic break up of Inventory Status- Q1 FY16 Ready to move in Inventory – By Region Ready to move in Inventory - By Entity Kochi 0.49 msft; 256 units Puravankara 1.37 msft; 712 units Bengaluru 1.02 msft; 703 units Provident 0.81 msft; 776 Chennai units 0.67 msft; 529 units 1. Notes: Charts based
Slide 16: Immediate Launches - Schedule
Immediate Launches - Schedule PPL Development Development Developable Saleable Expected S. No Location City Share in Type Area Area Launch Date Model JD Msft Msft Puravankara 1 Mallasandra Bengaluru Joint Development Residential 1.94 87.5% 1.69 Q4FY16 2 Lalbagh Bengaluru Joint Development Residentia
Slide 17: Sales
PURAVANKARA Sales 17
Slide 18: Sales – Q1 FY16, June 2015
Sales – Q1 FY16, 30 June 2015 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Jun-16 Jun-15 % Jun-16 Jun-15 % Jun-16 Jun-15 % Jun-16 Jun-15 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.21 0.52 -60% 189 358 -47% 128 284 -55% 6,027 5,408 11%
Slide 19: Sales Breakup
Sales Breakup Q1 FY16 By Entity Q1 FY16 By Geography Hyderabad Kochi 10%; 0.04 msft 2%; 0.01 msft Provident Coimbatore 40%; 0.14 msft 3%; 0.01 msft Chennai 12%; 0.04 msft Bengaluru 73%; 0.25 msft Puravankara 60%; 0.21 msft 19
Slide 20: Cash Flows
PURAVANKARA Cash Flows 20
Slide 21: Cash Flow – Summary
Cash Flow – Summary Rs. crores Puravankara Provident Total Balance collections from sold units 1 (A) 1,197 362 1,559 Inventory 2 (B) 4,806 2,294 7,100 Residential 4,334 2,294 6,628 Launched 2,849 966 3,815 Not Launched 1,485 1,328 2,813 Commercial 472 - 472 Balance cost to go 3 (C) 1,849 1,275 3,124
Slide 22: Cash Flow Statement
Cash Flow Statement Rs. crores Q1 FY 16 Q4 2015 FY 2015 Receipts Collection from Sale of Flats 328.13 446.44 1,462.95 Advance recd for sale of land - - 161.56 Equity Redemption and Dividend from Associates - - 38.74 A Total Receipts 328.13 446.44 1,663.25 Expenses Construction Cost incurred (257.80)
Slide 23: Cash Flow Statement (Contd)
Cash Flow Statement (Contd) Rs. crores Q1 FY 16 Q4 2015 FY 2015 Investment Activity Purchase of Fixed Assets (2.79) (5.06) (34.55) Investment in Subsidiaries/Associates - 3.78 - Investment in Mutual Funds - - - Net investment in bank deposits and margin monies 0.05 (8.32) (7.09) E Total from Investi
Slide 24: Income Statement Analysis
Income Statement Analysis 24
Slide 25: Income Statement – Summary
Income Statement – Summary Rs. Crores Recognised in Q1FY16 (from projects) Puravankara Provident Purva Star Others Total Revenue Recognised 1 (A) 351 84 - 10 445 Land Cost Recognized (B) 99 1 - 0 100 Construction Costs Recognised 2 (C) 164 65 - 2 231 Surplus (A) – (B) – (C) 88 18 - 8 114 Unrecognise
Slide 26: Result Highlights
Result Highlights Rs. crores Other Subsidiaries and Q1 FY16 Puravankara Provident Starworth Consolidated FY15 Eliminations Total Revenues 355 90 56 -51 450 1691 YoY growth (%) 1% 17% 26% -5% 29% Profit Before Tax 39 6 -1 -3 41 155 YoY growth (%) -26% 143% -124% -51% -36% margins (%) 11% 6% -2% 9% 9%
Slide 27: Consolidated Statement of Profit and Loss for the quarter ended 30 June 2015
Consolidated Statement of Profit and Loss for the quarter ended 30 June 2015 Rs. crores Q1 FY16 Q1FY15 Q4FY15 Income Revenue from operations Revenue from projects 446 458 406 Other operating revenues 3 4 3 Other income 1 12 0 Total 450 474 409 Expenses Material and contract cost 258 183 238 Land cos
Slide 28: Key Financial Indicators
Key Financial Indicators Valuation Matrix (X) Q1 FY16 FY 2015 FY 2014 FY 2013 Income Statement (INR crs) Q1 FY16 FY 2015 FY 2014 FY 2013 Price/Earnings 20.24 11.09 9.95 7.97 Total Income 450 1691 1,313 1,248 Price /BV 0.82 0.65 0.74 1.02 EBITDA from Operations 100 408 480 595 EV/Sales 1.99 1.79 2.39
Slide 29: Balance Sheet and Statement of Capital Employed
Balance Sheet and Statement of Capital Employed 29
Slide 30: Balance Sheet as of June 2015
Balance Sheet as of 30 June 2015 Rs. crores June March June March Equity and Liabilities Assets 2015 2015 2015 2015 Shareholders' Funds Non-Current Assets Share capital 119 119 Fixed assets 123 124 Reserves and surplus 2,165 2,142 Non-current investments 70 69 2,284 2,261 Properties held for develop
Slide 31: Statement of Capital Employed
Statement of Capital Employed Rs. crores 30-Jun-15 31-Mar-15 Sources of Funds Equity 119 119 Reserves and Surplus 2,165 2,284 54% 2,142 2,261 56% Optionally Convertible Debentures 84 2% Total Debt 1,841 44% 1,780 44% Total 4,209 100% 4,040 100% Application of Funds Land Investments 70 69 Properties
Slide 32: Debt
PURAVANKARA Debt 32
Slide 33: Debt Structure – June 2015
Debt Structure – June 2015 Others- Rs. 29.81 Cr, 1% Term Loans/Construction Finance by Subsidiaries at interest rate of 12.77%, Rs. 305 Cr, 17% Over Drafts at interest rate of 14.18%, Rs. 167 Cr , 9% Term Loans/Construction Finance at interest rate of 12.62%, Rs. 1339 Cr, 73% in Rs. Cr Q1 FY16 Q4FY1
Slide 34: Shareholding Pattern
PURAVANKARA Shareholding Pattern 34
Slide 35: Shareholding Pattern – as on June 2015
Shareholding Pattern – as on 30 June 2015 Individuals and Others DIIs 8% 1% Mutual Funds 7% FIIs 10% Promoters 75% Notes Promoter Shares are unencumbered Key Shareholders Mutual Funds FIIs Insurance and Bodies Corporate Reliance AMC HSBC Life Insurance Corporation Axis Mutual Fund College Retirement
Slide 36: Stock Movement
Stock Movement Relative to BSE Realty Index and Sensex during June 30, 2014 to June 30, 2015 130 120 110 100 90 80 70 60 50 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Puravankara Sensex BSE Realty As on 30th June 2015 30-June-15 31-Mar-15 31-Mar-14 Pri
Slide 37: Dedicated and experienced management team
Dedicated and experienced management team – committed to best practices of corporate governance Executive team Non-Executive team Ravi Puravankara Chairman Anup Shah • Over 40 years of experience in real estate industry Independent Director • Former president of the International Real Estate Federat
Slide 38: Bengaluru location map
Bengaluru location map Sl. No. Project Name 1 Highlands/High Crest, Mallasandra 2 Mid-Town, KR Puram 3 Seasons, CV Raman Nagar 4 Sunflower, Magadi Road 5 Skywood, Sarjapur Road 6 Whitehall, Sarjapur Road 7 Harmony, Thannisandra Road 8 Welworth City, Doddaballapur Road 9 Sunworth, Mysore Road 10 Gain
Slide 39: Chennai location map
Chennai location map Sl. No. Project Name 1 Cosmo City, Pudupakkam 2 Swan Lake, OMR 3 Windermere, Medavakkam 4 Primus, OMR 5 Moneto, Guindy 6 Pudupakkam Current Projects Immediate Launches Note: Map not to scale 39
Slide 40: Kochi location map
Kochi location map Sl. No. Project Name 1 Oceana, Marine Drive 2 Grandbay, Marine Drive 3 Eternity, Kakkanad 4 Moonreach, Airport-Seaport Road Current Projects Note: Map not to scale 40
Slide 41: Coimbatore location map
Coimbatore location map Sl. No. Project Name 1 Bluemont/Amaiti, Trichy Road 2 GreenPark, Selvapuram Current Projects Note: Map not to scale 41
Slide 42: Mangalore location map Hyderabad location map
Mangalore location map Hyderabad location map Sl. No. Project Name Sl. No. Project Name 1 Skyworth, Derebail 1 Summit, Kondapur Note: Map not to scale Current Projects 42
Slide 43: Project Pictures
PURAVANKARA = = my Project Pictures Fl Fu EB B q ae | Seif -—_PURVA VENGZIA
Slide 44: Project Pictures
Project Pictures 44
Slide 45: Project Pictures
PURAVANKARA Project Pictures
Slide 46: Project Pictures
PURAVANKARA Project Pictures PURVA ATRIA Luxury Apartments
Slide 47: Awards and achievements
Awards and achievements Awards for Puravankara projects Purva Venezia - Received Themed Project of the Year at the 6th Realty Plus Excellence Award, 2014 Awarded Residential Project of the Year at the Construction Week Awards, 2014 Awarded the "Best Ornamental Garden - 2014" by Govt. of Karnataka, H
Slide 48: Disclaimer
Disclaimer This presentation contains certain forward-looking statements. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, o
Slide 49: THANK YOU
THANK YOU Puravankara Projects Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Please contact: Mr. Hari Ramakrishnan, Deputy Chief Financial Officer Email: hariramky@puravankara.com; Tel: