Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — H1 FY2021 Earnings Presentation
33 slides from Prestige Estates Projects's earnings presentation, Sep 30, 2020
Slide 1: Investor Presentation
Investor Presentation Half year results for six months ended 30th September, 2020 RESIDENTIAL SEGMENT SHOPPING MALLS Townships, Apartments, Under the brand “Forum” Luxury villas, Mansions, Row houses & Golf course GRADE A OFFICE LUXURY HOTELS Smart office Collaboration with the spaces in prime local
Slide 2: Presentation Index
Presentation Index Q2FY2021 1 2 3 KEY HIGHLIGHTS SEGMENT REVIEW ABOUT PRESTIGE 1.Operational Highlights 1.Residential 1.Scale 2.Financials Highlights 2.Office 2.Business Model 3.Segment Review 3.Shopping Malls 3.Shareholding 4.Debt Profile 4.Hospitality 4.Board & Management 5.Property Management Pic
Slide 3: Operational Highlights Q2FY21
OPERATIONAL HIGHLIGHTS|Q2FY21 SALES VALUE Launch ₹11,233 Volume- 1.77 mn sf 3.95 Prestige Primrose Hills Mn PG share- ₹ 8,381 mn Mn sf Prestige Waterford Prestige Ocean Crest COLLECTIONS Rental Income ₹11,464 PG share- ₹ 9,104 mn ₹2,208 Leased- 0.73 mn sf Mn Mn Pictures shot at location, Prestige Gr
Slide 4: Operational Highlights H1FY21
OPERATIONAL HIGHLIGHTS|H1FY21 SALES VALUE Launch ₹15,844 Volume- 2.42 mn sf 3.95 Prestige Primrose Hills Mn PG share- ₹ 12,363 mn Mn sf Prestige Waterford Prestige Ocean Crest COLLECTIONS Rental Income ₹18,773 PG share- ₹ 14,856 mn ₹4,044 Leased- 0.73 mn sf Mn Mn Pictures shot at location, Prestige
Slide 5: Financial Highlights Q2FY21
FINANCIAL HIGHLIGHTS|Q2FY21 ₹19,167 REVENUE ₹5,768 EBITDA Mn Up 48% Mn Up 25% (PQ ₹ 12963 mn) (PQ ₹ 4617 mn) Margins ₹938 PAT 30.09% PAT- 4.89% Mn Up 369% EBITDA Pictures shot at location, Prestige Group Development (PQ ₹ 200 mn) 5
Slide 6: Financial Highlights H1 FY21
FINANCIAL HIGHLIGHTS|H1 FY21 ₹32130 REVENUE ₹10385 EBITDA Mn Mn Margins ₹1138 PAT 32% PAT- 3.5% Mn EBITDA Pictures shot at location, Prestige Group Development 6
Slide 7: Debt Profile
Debt Profile 10% 15% 9% Project Debt - Resi DER at 1.5x Office Capex 10% Hospitality Capex Net Debt stood at ₹ 86,676 mn, Retail Capex with avg. cost borrowing at Rental Securitisation Loans 9.65% Networth at ₹ 56,397 mn. 1% Receivables discounting loans 55% 7
Slide 8: Business Vertical Review
Business Vertical Review H1 2020-21 Office Retail Hospitality Services Residential Total Revenue 3,787 1,028 265 2,448 22,603 30,131 EBITDA 3,350 435 (191) 635 4,118 8,347 EBITDA % 88% 42% -72% 26% 18% 28% Depreciation 863 452 733 34 42 2,123 EBIT 2,487 (16) (924) 601 4,076 6,224 EBIT % 66% -2% -349
Slide 9: Residential Segment Review
RESIDENTIAL SEGMENT REVIEW Diversifies price points across mid/luxury segment Now in 11 locations 118 Projects 30 Projects 13 Projects 89 mn sf 35 mn sf 28 mn sf COMPLETED ONGOING UNDER PLANNING CRISIL HDFC Cash flow of Pictures shot at location, Prestige Group Development DA 1 Capital Rs 11,4481 mn
Slide 10: Ongoing Projects - 35 mn sf TDA
Ongoing Projects- 35 mn sf TDA S.No. Project City/State TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Botanique Bengaluru 0.10 55.00 0.06 2 Prestige Dolce Vita Bengaluru 0.16 60.00 0.10 3 Prestige Elysian Bengaluru 1.11 30.60 0.34 4 Prestige Fairfield Bengaluru 0.54 27.03 0.15 5
Slide 11: Cash flow from Under construction Projects
₹67,795 Mn cash flow from Under construction Projects Particulars Area in Mn Sft ₹ Mn % Total Developable Area 83.19 Car Park Area 22.44 Total Saleable Area 60.76 PG area share 46.43 Estimated Value 3,13,746 Sold 33.06 2,24,751 71 Collections 1,83,669 Balance to collect 41,082 Stock 13.37 88,994 29
Slide 12: Projects Under Planning - 26 mn sf TDA
Projects Under Planning – 26 mn sf TDA S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Glenbrook Bengaluru 0.58 100.00 0.58 2 Prestige Green Gables Bengaluru 0.72 60.00 0.43 3 Prestige Maple Heights Bengaluru 0.28 65.00 0.18 4 Prestige Misty Waters- Phase I
Slide 13: Cash flow from Under Planning Projects
₹46,686 Mn cash flow from Under Planning Projects Particulars Area in Mn Sft ₹ Mn Total Developable Area 28.46 Car Park Area 6.52 Total Saleable Area 21.94 PG area share 19.45 Estimated Value-A 1,08,864 Cost of Development 74,034 Incurred as of Q2F21 10,991 Balance to spend-B 63,043 RD Paid-C 865 Fr
Slide 14: Office Portfolio
OFFICE PORTFOLIO 111 Projects 12 Projects 11 Projects 36 mn sf 15 mn sf 22 mn sf COMPLETED ONGOING UNDER PLANNING ₹7,146 Mn ₹16,697 Mn ₹23,843 Mn Pictures shot at location, Prestige Group Development Yielding Incremental Total rental portfolio rental near pa term 14
Slide 15: Operating Assets
Operating Assets PG PG Area PG S.No. Project Name Leasable Area Interest (%) (MnSf) Rent P.A. 1 Cessna (B1 to B11) 4.16 85.00 3.54 2,609 2 Exora Business Park -Phase I-III 2.14 100.00 2.14 1,706 3 Prestige Logistic Centre 0.38 100.00 0.38 83 4 Prestige Polygon 0.33 100.00 0.33 352 5 West Palm Develo
Slide 16: Ongoing Projects - 15 mn sf TDA
Ongoing Projects – 15 mn sf TDA S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Tech Cloud Bengaluru 4.65 86.00 4.00 2 Prestige Minsk Square Bengaluru 0.58 55.00 0.32 3 Prestige Summit Bengaluru 0.19 50.00 0.09 4 Prestige Tech Pacific Park Bengaluru 1.65 62
Slide 17: Upcoming Projects - 22 mn sf TDA
Upcoming Projects- 22 mn sf TDA S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Beta Bengaluru 4.07 80.00 3.25 2 Prestige Capital Square Bengaluru 0.16 65.00 0.11 3 Prestige Waterfront Bengaluru 0.50 60.00 0.30 4 Prestige Southwark Bengaluru 1.64 69.70 1.14
Slide 18: Shopping Malls Segment Review
SHOPPING MALLS SEGMENT REVIEW Foot Falls Of Over 75 Mn During FY20 Good tenant mix with consistent trading density 10 Projects 3 Projects 4 Projects 7 mn sf 3 mn sf 4 mn sf COMPLETED ONGOING UNDER PLANNING Pictures shot at location, Prestige Group Development ₹3,389 Mn ₹2,676 Mn ₹6,065 Mn Yielding I
Slide 19: Operating Assets
Operating Assets S.No. Project Name TLA PG Interest PG TLA PG Rent PA 1 Forum Sujana Mall Hyderabad 0.81 100.00 0.82 992 2 Forum Fiza Mall 0.66 68.00 0.46 204 3 Forum Vijaya Mall 0.64 50.00 0.32 413 4 Forum Mall Shantiniketan 0.64 64.90 0.40 387 5 Forum Celebration Mall 0.39 100.00 0.39 228 6 Forum
Slide 20: Ongoing and Upcoming Projects - Shopping Malls
Ongoing Projects- 3 mn sf TDA Upcoming Projects- 4 mn sf TDA Projects Location TDA PGS% PGS Projects Location TDA PGS% PGS Forum One OMR Chennai 1.45 47.60 0.69 Falcon City Forum Mall Bengaluru 1.27 35.70 0.45 Forum Neighbourhood Mall Kochi 0.52 70.00 0.36 Forum Thomsun Kochi 1.06 50.00 0.53 Forum 1
Slide 21: Luxury Hotels & Resorts
Luxury Hotels & Resorts 1262 1229 367 Keys Keys Keys COMPLETED ONGOING UNDER PLANNING ₹3,275 Mn ₹2,538 Mn ₹5,813 Mn Pictures shot at location, Prestige Group Development Yielding Incremental Total portfolio rental near revenue pa term near term 21
Slide 22: Ongoing and Upcoming Hotel Projects
Ongoing Projects- 1229 Keys Upcoming Projects- 367 Keys Projects Location Keys PGS% PGS% Projects Location Keys PGS% PGS Prestige Hillside Retreat- Tribute Portfolio Bengaluru 102 100.00 102 JW Marriott Hotel Bengaluru 297 100.00 297 MOXY Chennai OMR Chennai 125 70.00 88 DIAL Delhi 932 50.00 466 Tri
Slide 23: Property Management Portfolio
PROPERTY MANAGEMENT PORTFOLIO ₹ 5,000+ Mn ₹ 10,000Mn Revenue Incremental Per Annum Revenue Per Annum 11 Locations 250+ mn sft Pictures shot at location, Prestige Group Development Across Asset Total Area class and management services near term 23
Slide 24: Summary of Annuity Portfolio
Summary of Annuity Portfolio Area in Mnsqft Value in ₹ Million 1. OFFICE Values Based on current rental rates And excludes rentals from property mgt portfolio Value in ₹ Million OPERATING ONGOING UPCOMING TOTAL GLA 11.96 7.17 16.34 35.46 Economic Interest 9.85 5.10 11.73 26.68 Rentals p.a. ₹ 9,319 8
Slide 25: Land Bank
Land Bank S.No. Entity Name Location (Acres) Interest Share (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi,Bengaluru 143 100% 143 2 Village De Nandi Pvt Ltd Bengaluru 25 100% 25 3 Eden Investments Goa 74 78% 58 4 Prestige Estates Projects Ltd Chennai 20 66% 13 Total 262 239 Potential Developable
Slide 26: 34+ Years of trust
34+ Years Of trust… Residential | Office | Shopping Malls | Hospitality | Property Management 26
Slide 27: 247 Projects, 300+ Awards
247 Projects across 134 mn sf Completed since inception 300+ Awards Residential | Office | Shopping Malls | Hospitality | Property Management
Slide 28: Scale of operation | Summary
Scale of operation | Summary Area In mn sf Plotted Area in mn sf Residential Commercial Retail Hospitality Development Total Particulars Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects 110 81.44 111 35.80 10 7.08 8 2.56 8 7.42 247 134.30 Ongoing Projects 29 34.44 12 15
Slide 29: Board
Board Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Whole-time Director Whole-time Director Dr. Pangal Ranganath Nayak Neelam Chhiber Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Independent Independent Independent Independent Independent
Slide 30: Executive Management
Executive Management Faiz Rezwan Zaid Sadiq Anjum Jung Zayd Noaman Executive Director- Executive Director- Executive Director- Interior Executive Director- CMD’s Office Contracts & Projects Liasion & Hospitality Design Omer Bin Jung Nayeem Noor Zackria Hashim Venkat K Narayan Executive Director- Hos
Slide 31: Executive Management
Executive Management Suresh Singaravelu Swaroop Anish Arvind Pai Executive Director- Retail, Executive Director- Business Executive Director- Legal Hospitality Development V.V.B.S. Sarma Lt. Col. Milan Khurana (Retd.) V. Gopal Chief Financial Officer Executive Director – HR, IT & Admin Executive Dir
Slide 32: Disclaimer
DISCLAIMER This presentation has been prepared by Prestige Estates Projects Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Prestige Estates Projects Ltd’s future business prospects and business profitability, which ar
Slide 33: Thank You
Thank You WE HAVE MOVED TO OUR NEW OFFICE For any queries Please contact, E: investors@prestigeconstructions.com Registered Office- No. 19, Brunton Road,( Off M.G Road ) Bangalore 560 025 Landmark- Trinity Metro Station T: +91 -80 –25001 248, F: + 91 –80 -25591945, Website: www.prestigeconstructions
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