Puravankara Limited · NSE:PURVA
Puravankara — Q4 FY17 Earnings Presentation
47 slides from Puravankara's earnings presentation, March 2017
Slide 1: Puravankara Limited
Purva Bluemont, Coimbatore Puravankara Limited March 2017
Slide 2: Contents
Contents • Company Overview 3–6 • Land Bank 7-8 • Area information 9 - 15 • Sales 16 - 19 • Cash Flows 20 - 23 • Income Statement 24 – 26 • Balance Sheet 27 - 28 • Debt 29 - 30 • Shareholding Pattern/ Stock Movement 31 - 33 • Leadership 34 • Location Maps 35 - 39 • Project Pictures 40 - 44 • Awards
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview • Deep domain knowledge of 42 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. Land (msft) Completed Ongoing Upcoming Total Assets (A) (B) (C) (A)+(B)+(C) Bengaluru 22.49 11.76 8.18 42.59 62.53 Chennai 4.69 3.21 7.05 4.66 14.92 Kolkata 0.70 - - - - Kochi 1.89 3.44 4
Slide 8: Ongoing and Upcoming Development
Ongoing and Upcoming Development By geography By entity By segment Upcoming Upcoming 8% Upcoming 22% 25% Ongoing 6% Ongoing Ongoing 12% 2% 2% 41% 36% 7% 47% 14% 64% 13% 75% 36% 98% 92% Bengaluru Chennai Kochi Puravankara Provident Coimbatore Hyderabad Pune Residential Commercial in msft Ongoing Upco
Slide 9: Area Information
PURAVANKARA Area Information
Slide 10: Area Under Development – Snapshot
Area Under Development – Snapshot in millions sq. ft. (numbers in millions sq. ft.) FY13 FY14 FY15 FY16 FY17 Opening Area 23.74 28.04 28.43 24.01 23.64 Add: Launches/Revisions during the period 1 7.28 4.26 1.12 2.46 4.77 Less: Completed during the period 2 (2.98) (3.87) (3.31) (2.83) (3.49) Less : E
Slide 11: Current Project Status – 31 March 2017
Current Project Status – 31 March 2017 On Area Launched Developable JD / JV Share Puravankara's Share - S.No. Project Location Total Flats Area for Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Venezia
Slide 12: Current Project Status – 31 March 2017 – (contd.)
Current Project Status – 31 March 2017 – (contd.) On Area Launched Developable JD / JV Share Puravankara's Share - S.No. Project Location Total Flats Area for Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION Pu
Slide 13: Current Project Status – 31 March 2017 – (contd.)
Current Project Status – 31 March 2017 – (contd.) On Area Launched Developable JD / JV Share Puravankara's Share - S.No. Project Location Total Flats Area for Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES TO BE LAUNCHED
Slide 14: Geographic break up of Inventory Status
Geographic break up of Inventory Status Ready to move in Inventory – By Region Ready to move in Inventory - By Entity Coimbatore 0.1 msft 63 units Kochi 0.2 Provident 0.73 msft 104 Bengaluru msft 705 units units 0.81 msft 574 units Puravankara 1.28 Chennai 0.9 msft 626 units msft 590 units 1. Notes:
Slide 15: Immediate Launches - Schedule
Immediate Launches - Schedule Developable Development Development PPL Share in Saleable Expected Launch S. No Location City Area Type JD Date Model Area Msft Msft Puravankara Joint 1 Mallasandra Bengaluru Residential 1.94 87.50% 1.69 Q3FY18 Development Joint 2 Lalbagh Bengaluru Residential 0.23 55%
Slide 16: Sales
PURAVANKARA Sales 16
Slide 17: Sales – Q4 FY17, 31st March 2017
Sales – Q4 FY17, 31st March 2017 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Mar-17 Mar-16 % Mar-17 Mar-16 % Mar-17 Mar-16 % Mar-17 Mar-16 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.41 0.20 103% 355 128 177% 239 95 152% 5,814 4,679 24
Slide 18: Sales – FY17
Sales – FY17 Based on Bookings YOY Area Sold Units Sold Sale Value Sale Realization Mar-17 Mar-16 % Mar-17 Mar-16 % Mar-17 Mar-16 % Mar-17 Mar-16 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 1.53 0.94 64% 1,261 672 88% 905 518 75% 5,897 5,537 7% Completed & Nearing Completio
Slide 19: Sales Breakup
Sales Breakup Q4FY17 By Entity Q4FY17 By Geography Coimbatore Chennai 12% 4% 0.02 msft 0.07 msft Provident 31% 0.18 Bengaluru msft 41% 0.25 msft Hyderabad 20% 0.12 msft Puravankara Kochi 7% 69% 0.41 0.04 msft msft Pune 16% 0.09 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) 760 360 1,120 Inventory 2 (B) 5,372 2,526 7,898 Residential 5,253 2,526 7,779 Launched 2,274 889 3,163 Not Launched 2,979 1,637 4,616 Commercial 119 - 119 Balance cost to go 3 (C) 2,300 1,350 3,650 R
Slide 22: Cash Flow Statement
Cash Flow Statement Rs. crores Q4 FY17 9M Q4 FY16 FY2017 FY 2016 Receipts Collection from Sale of Flats 256 877 369 1,132 1,345 Advance recd for sale of land 403 403 140 Equity Redemption and Dividend from Associates 72 72 54 Total Receipts 731 877 369 1,607 1,539 Expenses Construction Cost incurred
Slide 23: Cash Flow Statement (Contd)
Cash Flow Statement (Contd) Rs. crores Q4 FY17 9M Q4 FY16 FY2017 FY 2016 Investment Activity Purchase of Fixed Assets (1) (0.38) 4 (2) (9) Investment in Subsidiaries/Associates 0.44 Net investment in bank deposits and margin monies (12) (12) Total from Investing Activity (1) (0) (8) (2) (21) Financi
Slide 24: Income Statement
PURAVANKARA Income Statement 24
Slide 25: Consolidated Statement of Profit and Loss for the quarter ended 31 March 2017
Consolidated Statement of Profit and Loss for the quarter ended 31 Rs. crores March 2017 Particulars Q4FY17 Q3FY17 Q4FY16 Income from operations Revenue from projects 447 271 320 Other Income 14 6 16 Total Income from operations 460 277 335 Expenses Material and contract cost 208 175 241 Land cost 3
Slide 26: Consolidated Statement of Profit and Loss for the year ended 31 March 2017
Consolidated Statement of Profit and Loss for the year ended 31 March 2017 Particulars FY17 Rs. crores FY16 Income from operations Revenue from projects 1,407 1,584 Other Income 21 21 Total Income from operations 1,429 1,605 Expenses Material and contract cost 741 991 Land cost 1,067 304 (Increase)/
Slide 27: Balance Sheet
PURAVANKARA Balance Sheet 27
Slide 28: Consolidated Balance Sheet as of 31 March 2017
Consolidated Balance Sheet as of 31 March 2017 Rs. crores March March March March Equity and Liabilities Assets 2017 2016 2017 2016 Shareholders' Funds Non-Current Assets Equity Share Capital 119 119 Property, Plant and Equipment 71 113 Other Equity 2,279 2,169 Capital work-in-progress 2,398 2,288 I
Slide 29: Debt
PURAVANKARA Debt 29
Slide 30: Debt Structure – March 2017
Debt Structure – March 2017 in Rs. Cr Q4 FY17 Q3 FY17 Q2 FY17 Q1 FY17 FY 2016 FY 2015 FY 2014 Opening Balance 2,445 2,359 2,295 2,177 1,780 Additions during the period 999 230 111 163 1359 Repayments during the period 1305 143 47 46 962 Closing Balance 2,139 2,445 2,359 2,295 2,177 1,780 1,696 Less:
Slide 31: Shareholding Pattern
PURAVANKARA Shareholding Pattern 31
Slide 32: Shareholding Pattern – as on 31 March 2017
Shareholding Pattern – as on 31 March 2017 DIIs Others Mutual Funds 1% 7% 0.25% FPIs 17% Promoters 75% Notes Key Shareholders 1. Promoter Shares are unencumbered Mutual Funds FPIs Insurance and Bodies Corporate Reliance AMC GHI Life Insurance Corporation College Retirement Equities Fund General Insu
Slide 33: Stock Movement
Stock Movement Relative to BSE Realty Index and Sensex during March 31, 2016 to March 31, 2017 150 140 130 120 110 100 90 80 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Puravankara Sensex BSE Realty As on 31st Mar 2017 31-Mar-17 31-Dec-16 30-Sep-16 30-J
Slide 34: Dedicated and experienced management team
Dedicated and experienced management team – committed to best practices of corporate governance Executive team Non-Executive team R.V.S. Rao Ravi Puravankara Independent Director Chairman • Bachelor’s degree in Commerce and Law • Over 42 years of experience in real estate industry • Over 37 years of
Slide 35: 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 36: 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 36
Slide 37: 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 37
Slide 38: 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 38
Slide 39: Mangalore and Hyderabad location maps
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 39
Slide 40: Project Pictures
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Slide 41: Project Pictures
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Slide 42: Project Pictures
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Slide 43: Project Pictures
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Slide 44: Project Pictures
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Slide 45: Awards and achievements
Awards and achievements Awards for Puravankara projects Purva Grand Bay - ESTRADE REAL ESTATE AWARDS 2015 - Best Project in a Non- Metro – 2015 Indian Concrete Institute(ICI), Kochi and UltraTech Cement Limited Best Residential Building - 2015 Purva Evoq - 7th REALTY PLUS EXCELLENCE AWARDS for Resid
Slide 46: 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 47: THANK YOU
THANK YOU Puravankara 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: +91-80-43