Puravankara Limited · NSE:PURVA
Puravankara — Investor Presentation (June 2017)
35 slides from Puravankara's investor presentation, June 2017
Slide 1: Puravankara Limited
Purva Eternity , Kochi Puravankara Limited June 2017
Slide 2: Contents
Contents ▪ Company Overview 3-4 ▪ Development Bank 5-7 ▪ Area information 8 - 10 ▪ Sales 11 - 16 ▪ Cash Flows 17 - 19 ▪ Income Statement 20 - 21 ▪ Debt 22 - 23 ▪ Shareholding Pattern and Stock Performance 24 - 26 ▪ Select Project Pictures 27 - 30 ▪ Appendix 1 : Project Status 31 - 34 ▪ Appendix 2 :
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview • Deep domain knowledge of 42 years of the Promoter and his team have established Puravankara as a developer of repute; • Amongst South India’s leading real estate developers with an established presence in residential segment comprising of luxury and premium affordable housing projects; •
Slide 5: Development Bank
PURAVANKARA Development Bank
Slide 6: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development Land portfolio Developable area break-up – over 3.3 msft completed in Q1FY18 in million sq. ft. Completed Ongoing Upcoming Land Assets Total (A) (C) (D) (A)+(B)+(C) +(D) South India Bengaluru 24.89 9.42 10.76 39.70 59.88 Chennai 5.04 2.86
Slide 7: Ongoing and Upcoming Project Developments
Ongoing and Upcoming Project Developments Non-Bengaluru projects now account over 55% of Provident is the new growth engine, with a growing the share of ongoing and upcoming projects * share of ongoing projects and proposed launches* Upcoming Upcoming 18% 7% 26% Ongoing 11% 2% Ongoing 33% 44% 46% 7%
Slide 8: Area Under Development: Execution Focused
Area Under Development: Execution Focused in million sq. ft. FY13 FY14 FY15 FY16 FY17 Q1 FY18 Opening Area 23.74 28.04 28.43 24.01 23.64 24.92 Add: Launches/Revisions during the period 1 7.28 4.26 1.12 2.46 4.77 0.04 Less: Completed during the period 2 (2.98) (3.87) (3.31) (2.83) (3.49) (3.32) Less
Slide 9: Immediate Launches : Provident centric
Immediate Launches : Provident centric Developable Development Development PPL Share in Saleable Expected Launch S. No Location City Area Type JD Date Model Area Msft Msft Puravankara Joint 1 Lalbagh Bengaluru Residential 0.23 55% 0.12 Q3FY18 Development Total 0.23 0.12 Provident Joint 2 Mallasandra
Slide 10: Sales – Q1 FY18, June 2017
Sales – Q1 FY18, 30 June 2017 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Jun-17 Jun-16 % Jun-17 Jun-16 % Jun-17 Jun-16 % Jun-17 Jun-16 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psf Rs.psf Puravankara 0.32 0.32 0% 184 201 -8% 177 188 -6% 5,618 5,796 -3% Comple
Slide 11: Sold Area (msft): Q1 FY18 versus Q1 FY17
Sold Area (msft) : Q1 FY18 versus Q1 FY17 Puravankara Puravankara 0.60 0.50 0.40 0.30 Provident 0.20 Provident 0.11 0.10 0.05 0.05 0.07 0.00 Q1FY17 Q1FY18 Ready to move and nearly ready stock moving efficiently, particularly Provident Ongoing projects especially Provident selling well Overall sales
Slide 12: Average Ticket Size (in INR lakhs)
Consistently Affordable Brands: Value For Money continues to sell Average Ticket Size and Area sold – By Brand 100 0.75 90 80 78 77 0.65 70 70 Average Ticket Size (in INR lakhs) 70 67 0.55 Area Sold (msft.) 60 0.48 47 49 0.41 0.45 50 41 44 40 0.35 43 0.36 0.35 30 0.29 0.25 20 0.22 0.18 0.18 0.15 10
Slide 13: Non-Bengaluru locations contribute to >50% of overall sales
Non-Bengaluru locations contribute to >50% of overall sales Hyderabad, 9.2% Others, 3.9% West India , 26.9% Kochi, 1.3% Chennai, 12.5% Sales Value Sales Value Bangalore, 51.3% Hyderabad, 2.8% in Q1FY16 in Q1FY17 Others, 2.0% Bangalore, 69.3% Kochi, 6.8% Chennai, 9.7% Bangalore Chennai Kochi Others M
Slide 14: Sales Breakup – for the quarter ended June 30, 2017
Sales Breakup – for the quarter ended June 30, 2017 Based on Average Ticket Size (% of units sold) 8% 6% 18% 35% Puravankara Upto INR 50 lakhs Provident 23% INR 60 lakhs - 75 lakhs INR 30 lakhs - 40 lakhs INR 75 lakhs -100 lakhs 82% INR 40 lakhs - 50 lakhs 27% INR 100 lakhs -125 lakhs More than INR
Slide 15: Cash Flow – Summary
Cash Flow – Summary Rs. crores Puravankara Provident Total Balance collections from sold units 1 (A) 817 346 1,163 Residential 773 346 1,119 Commercial 44 - 44 Inventory 2 (B) 5,854 2,794 8,648 Residential 5,698 2,794 8,492 Launched 2,329 969 3,299 Not Launched 3,369 1,825 5,193 Commercial 156 - 156
Slide 16: Cash Flow Statement
Cash Flow Statement Rs. crores Cash Flow Statement FY 2016 FY 2017 Q1 2017 Q1 2018 A Operating Inflows 1,539 1,607 320 281 B Operating Outflows (1,369) (1,155) (320) (178) C=A-B Operating Surplus 170 452 - 103 Less Interest Cost( Net ) (243) (246) (66) (57) Land Payments including advances & deposit
Slide 17: Consolidated Statement of Profit & Loss for the quarter ended 30 June 2017
Consolidated Statement of Profit & Loss for the quarter ended 30 June 2017 Rs. crores 30 Jun 17 30 Jun 16 SI.No Particulars Restated Unaudited Unaudited 1. Income Income from operations 338.49 311.35 Other income 8.80 0.30 Total Income from operations 347.29 311.65 2. Expenses Material and contract
Slide 18: Debt Structure – As of June 2017
Debt Structure – As of 30 June 2017 in Rs. Cr Q1 FY18 FY2017 FY 2016 FY 2015 FY 2014 Opening Balance 2,075 2,177 1,780 Additions during the period 172 1,503 1,359 Repayments during the period 137 1,605 962 Debt Outstanding 2,110 2,075 2,177 1,780 1,696 Less: Cash and Cash Equivalents 113 120 292 223
Slide 19: Shareholding Pattern and Stock Performance
Shareholding Pattern and Stock Performance 19
Slide 20: Shareholding Pattern – as on June 2017
Shareholding Pattern – as on 30 June 2017 DIIs 1% Others Mutual Funds 7% 0.14% FPIs 17% Promoters 75% Key Shareholders Notes 1. Promoter Shares are unencumbered Mutual Funds FPIs Insurance and Bodies Corporate Reliance AMC GHI Life Insurance Corporation College Retirement Equities Fund General Insur
Slide 21: Stock Performance
Stock Performance Relative to BSE Realty Index and Sensex during June 30, 2016 to June 30, 2017 150 140 130 120 110 100 90 80 70 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Puravankara Sensex BSE Realty As on 30 June 2017 30-Jun-17 31-Mar-17 30-Jun-16 P
Slide 22: Select Project Pictures
PURAVANKARA Select Project Pictures 22
Slide 23: Actual Project Pictures
PURAVANKARA Actual Project Pictures PURVA’ andl PURVA VENEZIA ff WYLA > »,,K LSP OP CIICELE, 23
Slide 24: Actual Project Pictures
PURAVANKARA Actual Project Pictures PURVA PALM BEACH HENNUR ROAD OFF 24
Slide 25: Actual Project Pictures
PURAVANKARA Actual Project Pictures PROVIDENT PROVIDENT Sunworth
Slide 26: Appendix 1 : Project Status
Appendix 1 : Project Status 26
Slide 27: Current Project Status – As of June 2017
Current Project Status – As of 30 June 2017 On Area Launched JD / JV Share Developab Total Puravankara's Share S.No. Project Location for le Area Flats - Developable Area Area Developer Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Ve
Slide 28: Current Project Status – As of June 2017 – (contd.)
Current Project Status – As of 30 June 2017 – (contd.) On Area Launched JD / JV Share Developab Total Puravankara's Share S.No. Project Location for le Area Flats - Developable Area Area Developer Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % NEARING COMPLET
Slide 29: Current Project Status – As of June 2017 – (contd.)
Current Project Status – As of 30 June 2017 – (contd.) On Area Launched JD / JV Share Developab Total Puravankara's Share S.No. Project Location for le Area Flats - Developable Area Area Developer Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES TO BE LA
Slide 30: Appendix 2 : Corporate Information
Appendix 2 : Corporate Information 30
Slide 31: Premium Affordable housing through Brand Provident
Premium Affordable housing through Brand Provident • 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 32: Dedicated and experienced management team – committed to best practices of corporate governance
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 33: Awards and achievements – Since 2014
Awards and achievements –Since 2014 Awards for Puravankara projects Purva Whitehall :Construction Times Builders Awards 2017 - Upcoming Project of the Year - Residential Purva Windermere – Phase 1 :9th CIDC (Construction Industry Development Council) Vishwakarma Awards 2017 for Best Construction Pro
Slide 34: Disclaimer
Disclaimer Data presented and stated in or as part of this document is Indicative of financial performance only. Area statements, if any, indicate super built-up area and are not to be construed as being compliant with RERA or any other enactment requiring a different method or measurement in its pr
Slide 35: THANK YOU
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Investor Relations Contact: Mr. Kuldeep Chawla, Chief Financial Officer Email: kuldip@puravankara.com; Tel: +91-80-434