Puravankara Limited · NSE:PURVA
Puravankara — Q3 FY2017 Earnings Presentation
45 slides from Puravankara's earnings presentation, December 2016
Slide 1: Puravankara Limited
Purva Bluemont, Coimbatore Puravankara Limited December 2016
Slide 2: Contents
Contents • Company Overview 3-8 • Area information 9 - 15 • Sales 16 - 19 • Cash Flows 20 - 23 • Income Statement 24 – 26 • Debt 27 - 28 • Shareholding Pattern/ Stock Movement 29 - 31 • Leadership 32 • Location Maps 33 - 37 • Project Pictures 38 - 42 • Awards and Achievements 43 • Disclaimer 44 2
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 41.49 61.43 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 6% Upcoming 8% Upcoming 22% 6% Ongoing Ongoing Ongoing 12% 2% 2% 41% 36% 7% 47% 14% 64% 13% 36% 98% 94% 92% Bengaluru Chennai Kochi Coimbatore Hyderabad Pune Puravankara Provident Residential Commercial in msft Ongoing Upcom
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 9MFY17 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 :
Slide 11: Current Project Status – December 2016
Current Project Status – 31 December 2016 On Area Launched Developable JD / JV Share for Puravankara's Share - S.No. Project Location Total Flats Area Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Venez
Slide 12: Current Project Status – December 2016 (contd.)
Current Project Status – 31 December 2016 – (contd.) On Area Launched Developable Total JD / JV Share for Puravankara's Share - S.No. Project Location Area Flats Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION
Slide 13: Current Project Status – December 2016 (contd.)
Current Project Status – 31 December 2016 – (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 LAUNC
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 0.11 msft 68 units Kochi 0.24 msft 122 units Bengaluru 0.9 Provident 0.77 msft 639 units msft 746 units Chennai Puravankara 1.4 msft 0.92 msft 693 units 610 units 1. Notes
Slide 15: Immediate Launches - Schedule
Immediate Launches - Schedule Developable Development Development Saleable Expected Launch S. No Location City Area PPL Share in JD Type Date Model Area Msft Msft Puravankara 1 Mallasandra Bengaluru Joint Development Residential 1.94 87.50% 1.69 Q4FY17 2 Lalbagh Bengaluru Joint Development Residenti
Slide 16: Sales
PURAVANKARA Sales 16
Slide 17: Sales – Q3 FY17, 31st December 2016
Sales – Q3 FY17, 31st December 2016 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Dec-16 Dec-15 % Dec-16 Dec-15 % Dec-16 Dec-15 % Dec-16 Dec-15 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.29 0.23 25% 249 138 80% 175 127 39% 5,995 5,405 1
Slide 18: Sales – 9M end FY17
Sales – 9M end FY17 Based on Bookings 9M Ended Area Sold Units Sold Sale Value Sale Realization Dec-16 Dec-15 % Dec-16 Dec-15 % Dec-16 Dec-15 % Dec-16 Dec-15 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 1.12 0.73 53% 906 544 67% 665 423 57% 5,928 5,775 3% Completed & Nearing
Slide 19: Sales Breakup
Sales Breakup Q3FY17 By Entity Q3FY17 By Geography Chennai 9% 0.04 Coimbatore msft 3% 0.01 msft Hyderabad 12% 0.06… Provident Bengaluru 45% 43% 0.22… 0.21 msft Puravankara Kochi 13% 57% 0.29 0.06 msft msft Pune 19% 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) 812 335 1,147 Inventory 2 (B) 4,468 2,609 7,077 Residential 4,329 2,609 6,938 Launched 2,315 972 3,287 Not Launched 2,014 1,637 3,651 Commercial 139 - 139 Balance cost to go 3 (C) 1,315 1,332 2,647 R
Slide 22: Cash Flow Statement
Cash Flow Statement Rs. crores Q3 FY17 Q2 FY17 Q1 FY17 FY 2016 Receipts Collection from Sale of Flats 1,345.03 257.47 299.48 319.70 Advance recd for sale of land - - - 140.00 Equity Redemption and Dividend from Associates - - - 54.40 Total Receipts 257.47 299.48 319.70 1,539.43 Expenses Construction
Slide 23: Cash Flow Statement (Contd)
Cash Flow Statement (Contd) Rs. crores Q3 FY17 Q2 FY17 Q1 FY17 FY 2016 Investment Activity Purchase of Fixed Assets 0.53 1.30 (2.21) (9.32) Investment in Subsidiaries/Associates - - - 0.44 Investment in Mutual Funds - - - - Other Assets 66.57 (35.70) - Net investment in bank deposits and margin moni
Slide 24: Income Statement
PURAVANKARA Income Statement 24
Slide 25: Consolidated Statement of Profit and Loss for the quarter ended 31 Dec 2016
Consolidated Statement of Profit and Loss for the quarter ended 31 Dec 2016 Rs. crores Particulars Q3FY17 Q2FY17 Q3FY16 Income from operations Revenue from projects 271.29 377.54 383.92 Other operating revenues 6.20 1.35 0.69 Total Income from operations 277.49 378.89 384.61 Expenses Material and co
Slide 26: Consolidated Statement of Profit and Loss for the 9M ended 31 December 2016
Consolidated Statement of Profit and Loss for the 9M ended 31 December 2016 Rs. crores Particulars 9MFY17 9MFY16 Income from operations Revenue from projects 960.18 1,263.08 Other operating revenues 7.85 5.42 Total Income from operations 968.03 1,268.50 Expenses Material and contract cost 532.26 750
Slide 27: Debt
PURAVANKARA Debt 27
Slide 28: Debt Structure – December 2016
Debt Structure – December 2016 Others Rs.29 crores Term Loan - Subsidiaries / 1% Associates Rs.578 crores 24% Over Drafts Rs.216 crores 9% Term Loan/Construction Finance at interest rate Rs.1595 crores 66% in Rs. Cr Q3 FY17 Q2 FY17 Q1 FY17 FY 2016 FY 2015 FY 2014 Opening Balance 2,359 2,295 2,177 1,
Slide 29: Shareholding Pattern
PURAVANKARA Shareholding Pattern 29
Slide 30: Shareholding Pattern – as on December 2016
Shareholding Pattern – as on 31 December 2016 DIIs Others… Mutual Funds 1% 0% 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 Insura
Slide 31: Stock Movement
Stock Movement Relative to BSE Realty Index and Sensex during December 31, 2015 to December 31, 2016 130 120 110 100 90 80 70 60 50 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Puravankara Sensex BSE Realty As on 31st Dec 2016 31-Dec-16 30-Sep-16 30-Jun-
Slide 32: 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 33: 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 34: 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 34
Slide 35: 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 35
Slide 36: 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 36
Slide 37: 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 37
Slide 38: Project Pictures
PURAVANKARA hid um 38 g Luxury Apartments Project Pictures PURVA ATRIA !
Slide 39: Project Pictures
PURAVANKARA YJ PROVIDENT Welworth City c| FE EEE _ REEERERREEEE |Qinis % _ 3£ Be EEE 3 BEEF PEPRRRREEEEE Project Pictures
Slide 40: Project Pictures
PURAVANKARA SUuaiii| PROVIDENT Sunworth Project Pictures
Slide 41: Project Pictures
PURAVANKARA Project Pictures ' a EE AG Mel ahenRE —_
Slide 42: Project Pictures
PURAVANKARA iERSRHE esttTit cre * Hed (eecerkaag Project Pictures
Slide 43: 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 44: 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 45: 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