Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q2 FY2015 Earnings Presentation
27 slides from Peninsula Land's earnings presentation, 2014
Slide 1: Results Presentation | Q2, FY 2015
Results Presentation | Q2, FY 2015
Slide 2: Company overview
Company overview Pioneer in Mumbai real estate market ; with the first retail mall and first textile mill re-development project in the city Executed projects aggregating to 6.4 mn sq ft (current market value ~Rs14,000 Cr), presence in 3 states and 7 cities Over 18.3 mn sq ft development in pipeline
Slide 3: Execution track record
Execution track record 5 (mn sq ft) 4.1 4 3 2 2.0 1 0.3 0 1997-2004 2005-2009 2010-2014 1997-2004 (0.3 mn sq ft) 2005-2009(2 mn sq ft) 2010-2014 (4.1 mn sq ft) Peninsula Centre Peninsula Corporate Park Peninsula Business Park Palm Beach Bayside Mall Peninsula Technopark Crossroads CR2 Center point K
Slide 4: Robust pipeline and renewed geographic focus
Robust pipeline and renewed geographic focus Presence in Key urban Tier 1 & 2 Cities in Western & Southern India Completed Ongoing Pipeline No of Projects Area (mn sq ft) No of Projects Area (mn sq ft) No of Projects Area (mn sq ft) Mumbai 12 6.4 3 0.7 3 1.8 Pune 1 0.5 2 12.3 Bengaluru 1 0.6 1 0.6 A
Slide 5: Business Updates
Business Updates [=]
Slide 6: Business Updates in Q2 FY 15
Business Updates in Q2 FY 15 Financial Performance Revenue – Rs. 87 Crs Q2 FY 15 V/s Rs. 122 Crs Q2 FY 14 EBITDA - Rs. 43 Crs Q2 FY 15 V/s Rs. 55 Crs Q2 FY 14 PAT - Rs. 3 Crs Q2 FY 15 V/s Rs. 30 Crs Q2 FY 14 New Sales Bookings / Collections Sold 55,303 sq ft during Q2 FY15 as against 42,380 sq ft du
Slide 7: Financials Overview
Financials Overview [=]
Slide 8: Key financial snapshot (standalone)
Key financial snapshot (standalone) For the quarter ended For the quarter For the quarter Particulars (Rs. Cr) 30.09.14 ended 30.06.14 ended 30.09.13 Income Statement Income from Operations 87 65 122 Profit before interest & Tax 41 21 52 PBT 2 0.4 30 Tax Provision (0.9) (2) 0.5 PAT 3 2 30 Balance Sh
Slide 9: Profit and Loss (standalone)
Profit and Loss (standalone) P&L Snapshot (Rs. Cr) Q2FY15 Q2FY14 H1FY15 H1FY14 Income Total Income from operations (Gross) 53.8 106.6 95.2 122.2 Other Income 33.3 15.2 56.6 62.9 Total Revenue 87.1 121.8 151.8 185.1 Expenses a) Cost of Realty Sales 18.3 33.8 37.5 33.9 b) Employee Benefit expenses 14.
Slide 10: Debt profile
Debt profile Particulars (Rs. Cr) 30.09.14 30.06.14 31.03.14 Standalone Total Debt 1,705 1,692 1,290 Less: Cash & Cash equivalents 110 130 222 Net Debt 1,595 1,562 1,068 Net Worth 1,530 1,533 1,532 Debt Equity – Gross Borrowing (x) 1.11 1.10 0.84 Debt Equity – Net Borrowing (x) 1.04 1.02 0.70 ICRA a
Slide 11: Projects Overview
Projects Overview [=]
Slide 12: Ashok Astoria
Ashok Astoria Saleable PLL Area Location Share JV Partner (000’s sq ft.) Nashik 100% - 589 Area Avg. Sales Nos. of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) Work Sales (Rs.Cr) sq ft ) (Rs./sqft) Completion Completion Q1, FY 15 7 9 4 4,284 4 Till Q1, FY 15 Q2, FY 15 4 7 3 4,442 3 63% 4
Slide 13: Ashok Nirvaan
Ashok Nirvaan Saleable PLL Area Location Share JV Partner (000’s sq ft.) Peninsula Lonavala 25% 352 Realty Fund Area Avg. Nos. of Sales Collectio Sold Reali- units Value n Work Sales (‘000 zation (Rs.Cr) (Rs. Cr) Completion Completion sq ft ) (Rs./sqft) Q1, FY 15 - - - - 1 Q2, FY 15 - - - - - Till Q
Slide 14: Ashok Beleza
Ashok Beleza Saleable PLL Area Location Share JV Partner (000’s sq ft.) Peninsula Goa 58% 247 Realty Fund Area Avg. Nos. of Sales Sold Reali- Collection units Value (‘000 zation (Rs. Cr) Work Sales (Rs.Cr) sq ft ) (Rs./sqft) Completion Completion Q1, FY 15 3 5 3 5,901 2 Q2, FY 15 2 5 3 5,897 1 Till
Slide 15: Ashok Meadows (Phase 1)
Ashok Meadows (Phase 1) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Peninsula Hinjewadi, 55% Realty Fund 498 Pune & Clover Area Avg. Nos. of Sales Sold Reali- Collection units Value (‘000 zation (Rs. Cr) Work Sales (Rs.Cr) sq ft ) (Rs./sqft) Completion Completion Q1, FY 15 25 38 21 5,
Slide 16: Bishopsgate
Bishopsgate Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 50% KBK Group 86 Area Avg. Nos. of Sales Sold Reali- Collection units Value (‘000 zation (Rs. Cr) (Rs.Cr) Work Sales sq ft ) (Rs./sqft) Completion Completion Q1, FY 15 0 - - - - Q2, FY 15 1 8 59 75,738 - Till Q1, FY 15 11%
Slide 17: Celestia Spaces (PLL Share)
Celestia Spaces (PLL Share) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 100% - 479 Area Avg. Nos. of Sales Sold Reali- Collection units Value (‘000 zation (Rs. Cr) Work Sales (Rs.Cr) sq ft ) (Rs./sqft) Completion Completion Q1, FY 15 8 13 29 22,358 4 Q2, FY 15 4 6 16 24,068 5 T
Slide 18: Carmichael Road*
Carmichael Road* Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 40% KBK Group 143 Area Avg. Nos. of Sales Sold Reali- Collection units Value (‘000 zation (Rs. Cr) Work Sales (Rs.Cr) sq ft ) (Rs./sqft) Completion Completion Q1, FY 15 - - - - - Q2, FY 15 - - - - - Till Q1, FY 15 - -
Slide 19: Ashok Heights, JP Nagar*
Ashok Heights, JP Nagar* Saleable PLL Area Location Share JV Partner (000’s sq ft.) Peninsula Bengaluru 80% 618 Realty Fund Area Avg. Nos. of Sales Sold Reali- Collection units Value (‘000 zation (Rs. Cr) Work Sales (Rs.Cr) sq ft ) (Rs./sqft) Completion Completion Q1, FY 15 - - - - - Q2, FY 15 - - -
Slide 20: Summary of Ongoing projects and inventory - FY 2015
Summary of Ongoing projects and inventory - FY 2015 Up to last Quarter Q2 Total PLL Avg. Avg. Avg. Collection Projects Share Area Sales Area Sales Area Sales (Rs. Crs) Reali- Reali- Reali- (%) Sold Value Sold Value Sold Value in Q2 zation zation zation (sq ft ) (Rs.Cr) (sq ft ) (Rs. Cr) (sq ft ) (Rs
Slide 21: Summary of Ongoing projects – till Sept '14 (cumulative)
Summary of Ongoing projects – till Sept ‘14 (cumulative) Saleable Area Sold Average PLL Share Sales Value Collections Projects Area (sq ft Location (sq ft in Realization (%) (Rs. Cr) (Rs. Cr) in 000’s) 000’s) (Rs. / sq ft) Residential-Ongoing Ashok Astoria 589 Nashik 100% 297 103 3,471 79 Ashok Nirv
Slide 22: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects Balance Balance Sale Revenue Revenue Area Work Revenue Value of % of Sales to be PLL to be Project Sold Completion Recognized Area Sold Complete Recognized on sale Share Recognized (sq ft ‘000s) (Rs. Cr) (Rs. Cr) portion PLL Share(Rs. (Rs. Cr) Cr) Ashok Ast
Slide 23: Project pipeline
Project pipeline Saleable Area Development Land cost* Projects Location PLL Share (%) JV Partner (sq ft In ‘000s) Model (Rs. Cr) NGE Byculla 500 Mumbai JV 57% 682 PREI Fund PMC of 8% + Celestia Spaces, Sewree Phase 2 1,200 Mumbai JV - Bhattads JV of 18% Peninsula NapeanSea Road 49 Mumbai JV 78% 124
Slide 24: Annuity income and completed inventory
Annuity income and completed inventory Annuity Income for Q1 & Q2 FY 15 Project Type Area (sqft) Rentals (Rs. Cr) Q1 Q2 Piramal Chambers 91,000 4 4 Piramal Chambers 39,000 2 2 Peninsula Business Park 30,000 1 2 Total 160,000 7 8 Piramal Chambers has been given on lease to Income Tax & Central Excise
Slide 25: Forthcoming launch schedule
Forthcoming launch schedule Area Size Expected Projects City Present status (sq ft In ‘000s) Launch Schedule* Work started. Sales Launch JP Nagar Bengaluru 618 Q2FY15 in Q3FY15 Tathavade Pune 772 Q3FY15 Exploring Exit Ashok Meadows, Hinjewadi Pune 800 Q3FY15 On track (Phase II) Work started. Sales L
Slide 26: 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 27: Thank You
[=] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP