Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q3 FY2018 Earnings Presentation
32 slides from Peninsula Land's earnings presentation, 2018
Slide 1: Results Presentation Q3 FY 2018
Results Presentation Q3 FY 2018
Slide 2: Company overview
Company overview Focus on 3 cities Trusted Brand Fully Paid-for land Focus on Execution Mumbai, Pune and Strong existing clientele Bengaluru 20 Years Pioneer in Mumbai real estate market Of track record of First retail mall in the city real estate development First textile mill re-development projec
Slide 3: 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 4 1.6 2 1.2 Pune 1 0.5 2 6.8 Bengaluru 1 0.6 1 0.6 A
Slide 4: Project Status of Ongoing Projects
Project Status of Ongoing Projects BishopsGate, 83% Mumbai 93 Celestia Spaces 61% (PLL Share), Mumbai 490 Carmichael 84% Residences, Mumbai 146 Salsette 27 Byculla, 13% Mumbai 915 Peninsula Heights, 65% Bengaluru 620 Ashok Nirvaan, 63% Lonavala 352 99% Ashok Beleza, Goa 200 % Completion Saleable Are
Slide 5: Business Updates
Business Updates [el
Slide 6: Business Updates in Q3 FY 18
Business Updates in Q3 FY 18 New Sales Bookings / Collections Sold 65,363 Sq. ft. during Q3 FY18 as against 64,047 Sq. ft. during Q3 FY 17 Recorded new sales value of Rs. 95 Cr during Q3 FY18, as against Rs. 82 Cr during Q3 FY 17 Recorded new sales value of Rs. 447 Cr during Q1-Q3 FY18, as against R
Slide 7: Financials Overview
Financials Overview [el
Slide 8: Key financial snapshot (standalone)
Key financial snapshot (standalone) Particulars (Rs. Cr) Q3FY18 Q3FY17 FY17 Income Statement Income from Operations 278 16 265 Profit before Interest & Exceptional Items 35 37 68 Interest 84 47 170 PBT (49) (10) (102) Tax Expense 0 10 41 PAT (49) (20) (143) 8
Slide 9: Profit and Loss (standalone)
Profit and Loss (standalone) Nine Months Nine Months P&L Snapshot (Rs. Cr) Q3FY18 Q3FY17 FY18 FY17 Income Total Income from operations (Gross) 277.5 16.5 377.1 53.9 Other Income 48.6 48.5 153.3 145.0 Total Revenue 326.1 65.0 530.5 198.9 Expenses a) Cost of Realty Sales 43.0 53.6 132.2 156.1 b) Chang
Slide 10: Debt profile
Debt profile Particulars (Rs. Cr) 31.12.17 30.09.17 31.03.17 Standalone Total Debt 2,059 2,247 2,182 Less: Cash & Cash equivalents 81 58 124 Net Debt 1,978 2,189 2,058 Net Worth 1,580 1,629 1,705 Debt Equity – Gross Borrowing (x) 1.30 1.38 1.28 Debt Equity – Net Borrowing (x) 1.25 1.34 1.21 ICRA and
Slide 11: Projects Overview
Projects Overview [el
Slide 12: Details of Ongoing Projects - Q3 FY 2018
Details of Ongoing Projects - Q3 FY 2018 Up to last Quarter Q3 Total Collecti on PLL No Avg. No Avg. No Avg. (Rs. Projects Share Area Sales Area Sales Area Sales of Reali- of Reali- of Reali- Crs) (%) Sold Value Sold Value Sold Value Units zation Units zation Units zation in Nine (sft ) (Rs.Cr) (sft
Slide 13: Summary of Ongoing projects – till Dec '17 (cumulative)
Summary of Ongoing projects – till Dec ‘17 (cumulative) Saleable Area Sold Average PLL Share No of Units Sales Value Collections Projects Area (sq ft Location (sq ft in Realization (%) Sold (Rs. Cr) (Rs. Cr) in 000’s) 000’s) (Rs. / sq ft) Residential-Ongoing Bishopsgate 93 Mumbai 50% 10 78 540 69,61
Slide 14: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects PLL Share Area Sale Work Sold Value of % of Sales Comple- Revenue Balance Project (sq ft Area Sold Complete tion Recognized Revenue Revenue % Revenue ‘000s) (Rs. Cr) Recognized to be Recognized Bishopsgate 78 540 83% 83% 446 50% 270 223 47 Celestia Spaces-P
Slide 15: Project pipeline
Project pipeline Saleable Area Development Projects Location PLL Share (%) JV Partner (sq ft In ‘000s) Model Celestia Spaces, Sewree Phase 2 1,200 Mumbai JV PMC of 8% + JV of 18% Bhattads NapeanSea Road 49 Mumbai JV 100% Mahadeopura 631 Bengaluru Owned 100% - Tathavade 772 Pune JV 56% Delta & Clover
Slide 16: Bishopsgate
Bishopsgate PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 50% KBK Group 93 Nos. Area Sales Avg. Construction % Sales Collection Of units Sold Value Realization Milestone Completion (Rs. Cr) (‘000 sq ft ) (Rs.Cr) (Rs./sqft) Till Q1, FY 18 80% 83% Q1, FY 18 1 8 55 70,968 62 Q2, FY
Slide 17: Bishopsgate-Current status
Bishopsgate-Current status March 2017 CURRENT STATUS 17
Slide 18: Celestia Spaces (PLL Share)
Celestia Spaces (PLL Share) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 100% - 490 Nos. Area Avg. Sales Construction % Sales of Sold Reali- Collection Value Milestone Completion units (‘000 zation (Rs. Cr) (Rs.Cr) sq ft ) (Rs./sqft) Till Q1, FY 18 54% 46% Q1, FY 18 (8) (14) (31
Slide 19: Celestia Spaces-Current Status
Celestia Spaces-Current Status March 2017 CURRENT STATUS 30TH Floor in progress 12Th Floor in progress 19
Slide 20: Carmichael Residences
Carmichael Residences PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 40% KBK Group 146 Nos. Sales Avg. Construction % Sales Area Sold Collection of units Value Realization Milestone Completion (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 18 79% 50% Q1, FY 18 - - - - 29 Q2
Slide 21: Carmichael Residences-Current Status
Carmichael Residences-Current Status March 2017 CURRENT STATUS Terrace Slab P2 Slab in Progress 2nd Residential Floor in Progress P2 Slab in Progress 21
Slide 22: Salsette 27
Salsette 27 PLL Saleable Area Location Share JV Partner (000’s sq ft.) Byculla, 57% PREI Fund 915 Mumbai Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 7 9 31 33,738 32 Q2, FY 18 4 6 16 28,
Slide 23: Salsette 27 - Current Status
Salsette 27 - Current Status March 2017 CURRENT STATUS TOWER A TOWER B Tower A Excavation in progress Nearby South-East Corner Tower A Excavation in progress B1- Ground Floor - Verticals work in progress On East Side On North Side Tower B Excavation in progress Demolition Completed Non Tower – Found
Slide 24: Ashok Meadows (Phase 1)
Ashok Meadows (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Hinjewadi, Peninsula Realty 55% 507 Pune Fund & Clover Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 11 16 8 4,928 11 Q2, FY 18 5 7 3 4,636 13 Q3
Slide 25: Peninsula Heights, JP Nagar
Peninsula Heights, JP Nagar PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Bengaluru 80% 620 Realty Fund Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 7 32 33 10,251
Slide 26: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status March 2017 Tower B – 1st floor level slab under progress 26
Slide 27: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status CURRENT STATUS Tower A & B Tower-B North View Tower B – 1st floor level slab under progress 27
Slide 28: Ashok Astoria (Phase 1)
Ashok Astoria (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Nashik 100% - 498 Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 13 31 11 3,559 7 Q2, FY 18 3 (3) (1) - 8 Q3, FY 18 7 14 5 3,438 12 Till YTD FY 18
Slide 29: Ashok Nirvaan
Ashok Nirvaan PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Lonavala 25% 352 Realty Fund Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 - - - - 4 Till Q1, FY 18 61% 2
Slide 30: Ashok Beleza
Ashok Beleza PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Realty Goa (Plot B&C) 58% 200 Fund Peninsula Realty Goa (Plot A) 58% 115 Fund Plot B &C Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 - - (1) - 6 Co
Slide 31: 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 32: Thank You
[am] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP