Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q3 FY2019 Earnings Presentation
30 slides from Peninsula Land's earnings presentation
Slide 1: Results Presentation Q3 FY 2019
Results Presentation Q3 FY 2019
Slide 2: Business Updates
Business Updates [el
Slide 3: Launch of Phase 2 – addressOne: Gahunje, Pune (Affordable Housing)
Launch of Phase 2 – addressOne : Gahunje, Pune (Affordable Housing) Phase 1 • Launched in Q1 of FY 2019 • 92% Sold • 805 units – 0.5 Mio SFT for Rs.174 Cr Phase 2 (Central Park) • Launched in Jan 2019 3
Slide 4: Business Updates
Business Updates New Sales Bookings / Collections Q3 – FY 2019 Sold 131,825 Sq. ft. during Q3 FY19 as against 65,363 Sq. ft. during Q3 FY 18 New sales of Rs. 156 Cr during Q3 FY19, as against Rs. 95 Cr during Q3 FY 18 Collections (operations & non core assets) were at Rs. 239 Cr for Q3 FY 19 Nine Mo
Slide 5: Progress on monetization of non-core assets
Progress on monetization of non-core assets Collection of Rs. 285 Cr on exit from non-core assets Rs 64 Crs of Hinjewadi , Pune (Tranche #2) Rs 18 Crs of Amenity Plot, Hinjewadi, Pune Rs 8 Crs balance out of land sale of Mamurdi, Pune Rs 100 Crs out of land sale, Tathavade, Pune Rs 95 Crs out of lan
Slide 6: Financials Overview
Financials Overview [el
Slide 7: Key financial snapshot (standalone)
Key financial snapshot (standalone) Particulars (Rs. Cr) Q3FY19 Q3FY18 FY18 Income Statement Income from Operations 105 237 315 Profit before Interest & Exceptional Items (27) 35 139 Interest 61 84 280 Exceptional Items (6) - 180 PBT (94) (49) (322) Tax Expense 15 0.1 12 PAT (110) (49) (334) 7
Slide 8: Profit and Loss (standalone)
Profit and Loss (standalone) Nine Months Nine Months P&L Snapshot (Rs. Cr) Q3FY19 Q3FY18 FY19 FY18 Income Total Income from operations (Gross) 105.2 237.2 122.3 265.5 Other Income 22.6 48.6 70.0 153.3 Total Revenue 127.8 285.8 192.3 418.9 Expenses a) Cost of Realty Sales 54.5 43.0 136.3 132.3 b) Cha
Slide 9: Debt profile
Debt profile Particulars (Rs. Cr) 31.12.18 31.03.18 Standalone Total Debt 2,067 2,094 Less: Cash & Cash equivalents 63 61 Net Debt 2,004 2,033 Net Worth 929 1,356 Debt Equity – Gross Borrowing (x) 2.22 1.54 Debt Equity – Net Borrowing (x) 2.16 1.50 Loan repayable within a year is Rs.283 Cr and Weigh
Slide 10: Projects Overview
Projects Overview [el
Slide 11: Details of Ongoing Projects - Q3 FY 2019
Details of Ongoing Projects - Q3 FY 2019 Up to last Quarter Q3 Total Collecti on PLL No Avg. No Avg. No Avg. Area Sales Area Sales Area Sales (Rs. Projects Share of Reali- of Reali- of Reali- Sold Value Sold Value Sold Value Crs) (%) Units zation Units zation Units zation in Nine (sft ) (Rs.Cr) (sft
Slide 12: Summary of Ongoing projects – till Dec '18 (cumulative)
Summary of Ongoing projects – till Dec ‘18 (cumulative) Saleable Area Sold Average PLL Share No of Units Sales Value Collections Projects Area (sq ft Location (sq ft in Realization (%) Sold (Rs. Cr) (Rs. Cr) in 000’s) 000’s) (Rs. / sq ft) Residential-Ongoing Bishopsgate 101 Mumbai 50% 10 78 540 69,6
Slide 13: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects Area Sale Work PLL Share Sold Value of % of Sales Comple- Revenue Project Revenue (sq ft Area Sold Complete tion Recognized Revenue % Revenue to be ‘000s) (Rs. Cr) Recognized Recognized Bishopsgate 78 540 77% 88% - 50% 270 - 270 Celestia Spaces-PLL Share 37
Slide 14: Bishopsgate
Bishopsgate PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 50% KBK Group 101 Nos. Area Sales Avg. Construction % Sales Of Collection Sold Value Realization Milestone Completion units (Rs. Cr) (‘000 sq ft ) (Rs.Cr) (Rs./sqft) Till Q1, FY 19 86% 77% Q1, FY 19 - - - - - Till Q2, FY 1
Slide 15: Bishopsgate-Current status
Bishopsgate-Current status March 2018 CURRENT STATUS South-West East Side 15
Slide 16: Celestia Spaces (PLL Share)
Celestia Spaces (PLL Share) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 100% - 490 Nos. Area Avg. Sales Construction % Sales of Sold Reali- Collection Value Milestone Completion units (‘000 zation (Rs. Cr) (Rs.Cr) sq ft ) (Rs./sqft) Till Q1, FY 19 68% 66% Q1, FY 19 (1) (2) (6)
Slide 17: Celestia Spaces-Current Status
Celestia Spaces-Current Status March 2018 CURRENT STATUS 42nd floor 32nd floor 17
Slide 18: Carmichael Residences
Carmichael Residences PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 40% KBK Group 146 Nos. Construction % Sales Sales Avg. of Area Sold Collection Milestone Completion Value Realization units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 19 88% 57% Q1, FY 19 - - - - 4 Til
Slide 19: Carmichael Residences-Current Status
Carmichael Residences-Current Status March 2018 CURRENT STATUS 2nd Residential Floor in Progress P2 Slab in Progress 19
Slide 20: Salsette 27
Salsette 27 PLL Saleable Area Location Share JV Partner (000’s sq ft.) Byculla, 57% PREI Fund 915 Mumbai Nos. Sales Avg. Construction % Sales of Area Sold Collection Value Realization Milestone Completion units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 8 13 37 27,767 44 Till Q1, FY 19 19%
Slide 21: Salsette 27 - Current Status
Salsette 27 - Current Status March 2018 CURRENT STATUS Automatic Climbing System (ACS) installation WIP Tower A Tower A Excavation in progress Internal Road work done TOWER A (North Side) TOWER B (East Side) Tower B ECODECK In progress Service level in progress On North Side Demolition Completed Non
Slide 22: Peninsula Heights, JP Nagar
Peninsula Heights, JP Nagar PLL Saleable Area Location Share JV Partner (000’s sq ft.) Bengaluru 100% - 620 Nos. Sales Avg. Construction % Sales of Area Sold Collection Value Realization Milestone Completion units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 19 69% 60% Q1, FY 19 1 5 7 11,88
Slide 23: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status March 2018 CURRENT STATUS Tower A - Terrace Structure Completed Tower B- Terrace structure WIP Tower A West Side view Tower-B North View 23
Slide 24: addressOne
addressOne PLL Saleable Area Location Share JV Partner (000’s sq ft.) Gahunje Pune 100% - 520 Nos. Sales Avg. Construction % Sales of Area Sold Collection Value Realization Milestone Completion units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 757 463 167 3,603 7 Till Q1, FY 19 - 89% Q2, FY
Slide 25: addressOne -Current Status
addressOne -Current Status CURRENT STATUS Shuttering in progress – Building 32 to 34 First Flr Slab being casted – Building 24 to 28 Tower B – 1st floor level slab under progress 25
Slide 26: Ashok Astoria (Phase 1)
Ashok Astoria (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Nashik 100% - 498 Nos. Sales Avg. of Area Sold Collection Value Realization units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 3 3 1 3,319 5 Q2, FY 19 - 2 1 2,439 1 Q3, FY 19 4 7 3 3,775 2 Till YTD FY 19 7 12
Slide 27: Ashok Nirvaan
Ashok Nirvaan PLL Saleable Area Location Share JV Partner (000’s sq ft.) Lonavala 100% - 352 Nos. Sales Avg. Construction % Sales of Area Sold Collection Value Realization Milestone Completion units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 19 65% 29% Q1, FY 19 - - - - 3 Q2, FY 19 - - -
Slide 28: Ashok Beleza
Ashok Beleza PLL Saleable Area Location Share JV Partner (000’s sq ft.) Goa (Plot B&C) 100% - 200 Goa (Plot A and 100% - 141 Others) Plot B &C Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 (1) (5) (3) - 0.4 Construction % Sales Q2
Slide 29: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 30: Thank You
[a] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP