Puravankara Limited · NSE:PURVA
Puravankara — Q2 FY17 Earnings Presentation
47 slides from Puravankara's earnings presentation, September 2016
Slide 1: Puravankara Projects Limited
Provident Sunworth, Bengaluru Puravankara Projects Limited September 2016
Slide 2: Contents
Contents • Company Overview 3-8 • Area information 9 - 15 • Sales 16 - 19 • Cash Flows 20 - 23 • Income Statement 24 – 26 • Balance Sheet 27 - 28 • Debt 29 - 30 • Shareholding Pattern/ Stock Movement 31 - 33 • Leadership 34 • Location Maps 35 - 39 • Project Pictures 40 - 44 • Awards and Achievements
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 0.24 7
Slide 8: Ongoing and Upcoming Development
Ongoing and Upcoming Development By geography By entity By segment Upcoming Upcoming Upcoming 5% 7% Ongoing 7% Ongoing Ongoing 32% 14% 2% 36% 3% 41% 7% 54% 1% 59% 15% 97% 32% 93% 95% Bengaluru Chennai Kochi Residential Commercial Coimbatore Hyderabad Pune Puravankara Provident in msft Ongoing Upcomi
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 H1FY17 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 1.57 Less: Completed during the period 2 (2.98) (3.87) (3.31) (2.83) (3.49) Less :
Slide 11: Current Project Status – 30 September 2016
Current Project Status – 30 September 2016 Puravankara's On Area Launched Developable Total JD / JV Share S.No. Project Location Share - Area Area Flats for Developer Sold Cumulative Inventory Developable Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Vene
Slide 12: Current Project Status – 30 September 2016 – (contd.)
Current Project Status – 30 September 2016 – (contd.) On Area Launched Puravankara's Developable Total JD / JV Share S.No. Project Location Share - Area Area Flats for Developer Sold Cumulative Inventory Developable Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTIO
Slide 13: Current Project Status – 30 September 2016 – (contd.)
Current Project Status – 30 September 2016 – (contd.) On Area Launched Puravankara's Developable Total JD / JV Share S.No. Project Location Share - Area Area Flats for Developer Sold Cumulative Inventory Developable Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES / PROJECTS
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 69 units Kochi 0.28 msft Bengaluru 146 units 0.96 msft Provident 670 units 0.78 msft 760 units Chennai 0.93 msft 615 units Puravankara 1.5 msft 740 units 1. Note
Slide 15: Immediate Launches - Schedule
Immediate Launches - Schedule Development Development Developable Area PPL Share in Saleable Expected Launch S. No Location City Model Type JD Area Date Msft Msft Puravankara Joint 1 Mallasandra Bengaluru Residential 1.94 87.50% 1.69 Q4FY17 Development Joint 2 Lalbagh Bengaluru Residential 0.23 55%
Slide 16: Sales
PURAVANKARA Sales 16
Slide 17: Sales – Q2 FY17, 30th September 2016
Sales – Q2 FY17, 30th September 2016 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-16 Sep-15 % Sep-16 Sep-15 % Sep-16 Sep-15 % Sep-16 Sep-15 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 0.35 0.25 40% 300 195 54% 211 149 42% 6,006 5,92
Slide 18: Sales – Half Year end FY17
Sales –Half Year end FY17 Based on Bookings Half Year Ended Area Sold Units Sold Sale Value Sale Realization Sep-16 Sep-15 % Sep-16 Sep-15 % Sep-16 Sep-15 % Sep-16 Sep-15 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 0.83 0.50 67% 657 406 62% 490 296 66% 5,904 5,950 -1% Com
Slide 19: Sales Breakup
Sales Breakup Q2FY17 By Entity Q2FY17 By Geography Chennai 9% Coimbatore 3% 0.04 msft 0.01 msft Provident 25% 0.12 msft Hyderabad 12% 0.06 msft Bengaluru 45% 0.21 msft Kochi 13% 0.06 msft Puravankara 75% 0.35 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) 852 300 1,152 Inventory 2 (B) 4,485 2,626 7,111 Residential 4,335 2,626 6,961 Launched 2,338 989 3,327 Not Launched 1,997 1,637 3,634 Commercial 150 - 150 Balance cost to go 3 (C) 1,586 1,410 2,996 R
Slide 22: Cash Flow Statement
Cash Flow Statement Rs. crores Q2 FY17 Q1 FY17 FY 2016 Receipts Collection from Sale of Flats 299.48 319.70 1,345.03 Advance recd for sale of land - - 140.00 Equity Redemption and Dividend from Associates - - 54.40 Total Receipts 299.48 319.70 1,539.43 Expenses Construction Cost incurred (139.00) (2
Slide 23: Cash Flow Statement (Contd)
Cash Flow Statement (Contd) Rs. crores Q2 FY17 Q1 FY17 FY 2016 Investment Activity Purchase of Fixed Assets 1.30 (2.21) (9.32) Investment in Subsidiaries/Associates - - 0.44 Other Assets - (35.70) - Net investment in bank deposits and margin monies - (30.87) (11.99) Total from Investing Activity 1.3
Slide 24: Income Statement
PURAVANKARA Income Statement 24
Slide 25: Consolidated Statement of Profit and Loss for the quarter ended 30 Sep 2016
Consolidated Statement of Profit and Loss for the quarter ended 30 Sep 2016 Rs. crores Particulars Q2FY17 Q1FY17 Q2FY16 Income from operations Revenue from projects 377.54 311.35 423.94 Other operating revenues 1.35 0.30 3.84 Total Income from operations 378.89 311.65 427.78 Expenses Material and co
Slide 26: Consolidated Statement of Profit and Loss for the Half Year ended 30 September 2016
Consolidated Statement of Profit and Loss for the Half Year ended 30 September 2016 Rs. crores Particulars H1FY17 H1FY16 Income from operations Revenue from projects 688.89 879.16 Other operating revenues 1.65 4.73 Total Income from operations 690.54 883.89 Expenses Material and contract cost 357.02
Slide 27: Balance Sheet
PURAVANKARA Balance Sheet 27
Slide 28: Consolidated Balance Sheet as of September 2016
Consolidated Balance Sheet as of 30 September 2016 Rs. crores September March September March Equity and Liabilities Assets 2016 2016 2016 2016 Shareholders' Funds Non-Current Assets Equity Share Capital 119 119 Property, Plant and Equipment 77 113 Other Equity 2,248 2,207 Capital work-in-progress 0
Slide 29: Debt
PURAVANKARA Debt 29
Slide 30: Debt Structure – September 2016
Debt Structure – September 2016 Others- Rs. 29 Cr, 1% Term Loans - Subsidiaries / Associates at interest rate of 12.46%, Rs. 440Cr, 19% Over Drafts at interest rate of 12.15%, Rs. 172 Cr , 7% Term Loans/Construction Finance at interest rate of 11.89%, Rs. 1,654Cr, 72% in Rs. Cr Q2 FY17 Q1 FY17 FY 20
Slide 31: Shareholding Pattern
PURAVANKARA Shareholding Pattern 31
Slide 32: Shareholding Pattern – as on September 2016
Shareholding Pattern – as on 30 September 2016 DIIs Others 7% Mutual Funds1% 2% FPIs 15% 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 Insu
Slide 33: Stock Movement
Stock Movement Relative to BSE Realty Index and Sensex during September 30, 2015 to September 30, 2016 130 120 110 100 90 80 70 60 50 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Puravankara Sensex BSE Realty As on 30th Sep 2016 30-Sep-16 30-Jun-16 31-Ma
Slide 34: 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 35: 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 36: 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 36
Slide 37: 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 37
Slide 38: 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 38
Slide 39: Mangalore and Hyderabad location maps
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 39
Slide 40: Project Pictures
PURAVANKARA hid = 40 g Luxury Apartments Project Pictures PURVA ATRIA !
Slide 41: Project Pictures
PURAVANKARA YJ PROVIDENT Welworth City c| FE EEE _ REEERERREEEE |Qinis % _ 3£ Be EEE 3 BEEF PEPRRRREEEEE Project Pictures
Slide 42: Project Pictures
PURAVANKARA SUuaiii| PROVIDENT Sunworth Project Pictures
Slide 43: Project Pictures
PURAVANKARA Project Pictures ' a EE AG Mel ahenRE —_
Slide 44: Project Pictures
PURAVANKARA iERSRHE esttTit cre * Hed (eecerkaag Project Pictures
Slide 45: 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 46: 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 47: Thank You
THANK YOU Puravankara Projects 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: