Slide 1: Exchange filing cover letter
prozone intu Dated: 17th February 2020 National Stock Exchange of India Limited BSE Limit ed Exchange Plaza Listing Department Bandra Kuria Complex, Bandra (E) P.J. Tow ers, Dalal Stree t, Fort Mumbai 400 051 Mumbai 400 001 Scrip: PROZONINTU Scrip: 534675 Dear Sir/Mada m, Su bj ect: Presentation to
Slide 2: Upward And Forward: Q3 FY20 Results Update Presentation
Upward Q3 FY20 RESULTS UPDATE PRESENTATION And Forward February 2020 PROZONE INTU PROPERTIES LIMITED 0
Slide 3: Table of Contents
TABLE OF CONTENTS 01 Quarterly Business Update 02 Financial Results 03 Asset Snapshot 04 Annexure 1
Slide 4: Quarterly Business Update
QUARTERLY BUSINESS UPDATE 2
Slide 5: Q3 & 9M FY20 – Key Highlights
Q3 & 9M FY20 – KEY HIGHLIGHTS Q3 FY20 YoY Analysis Revenue (Rs. Mn) EBIDTA & EBIDTA Margin Cash PAT 81.6% 300.0 350.0 60.2% 240.0 250.0 300.0 220.0 80.0% 200.0 250.0 200.0 180.0 60.0% 160.0 200.0 339 140.0 150.0 40.0% 120.0 204 150.0 227 186 100.0 100.0 20.0% 80.0 100.0 98 60.0 89 50.0 0.0% 40.0 50.
Slide 6: Q3 & 9M FY20 Results Highlights
Q3 & 9M FY20 RESULTS HIGHLIGHTS 01 Revenue o Total Revenue during the quarter at Rs 296 mn & Rs 828.2 mn for 9M FY20 o Revenue from retail segment up 11% yoy in Q3 FY20 and up 17.9% yoy in 9M FY20 02 Q3 EBITDA at Rs 185.5 mn, with a 81.6% margin o Change in revenue mix led to increased margin. 9M FY
Slide 7: Financial Results: Consolidated Income Statement
FINANCIAL RESULTS: CONSOLIDATED INCOME STATEMENT Rs. Mn. Q3 FY20 Q3 FY19 YoY Q2 FY20 QoQ 9M FY20 9M FY19 YoY Revenue from Real Estate Projects 0.3 134.7 - 3.3 4.5 336.8 -98.7% Lease Rental & Related Income 227.0 204.5 11.0% 218.5 3.9% 668.2 566.6 17.9% Total Income from operations 227.4 339.2 -33.0%
Slide 8: Prozone Intu on a Strong Footing
PROZONE INTU ON A STRONG FOOTING Aurangabad and Coimbatore mall leased out space currently stands at 76% and 93% 01 respectively, annuity income to increase significantly with ramp-up of Coimbatore mall revenue share income 02 Coimbatore Mall: 6 new stores started operations, adding aprox. 30,87
Slide 9: Current Focus Areas
CURRENT FOCUS AREAS 01 Letting out the balance space and also maintain effective Brand mix by AURANGABAD MALL continuously churning brands at the mall. Mall leasing gradually expected to move towards 90% at Aurangabad 02 Leasing stands at 93%, working towards further increasing occupancy COIMBAT
Slide 10: Asset Snapshot
prozone intu@ ASSET SNAPSHOT
Slide 11: Operating/Development Assets
OPERATING/DEVELOPMENT ASSETS Aurangabad Mall Nagpur Mall Nagpur Residential Coimbatore Mall Aurangabad PTC Coimbatore Residential 9
Slide 12: Retail – Aurangabad Mall Update
RETAIL – AURANGABAD MALL UPDATE Key Operating Parameters Q3 FY20 Gross Leased Area (lakh sq.ft.) 5.3 Current Leasing Status 76% Number of Stores Signed 113 Retailer Sales (Rs. Mn.) 791.5 Average Monthly Trading Density (Rs/sqft) 642 Footfalls (Mn.) 2.3 Occupancy Footfall & Trading Density 31.7 23.5
Slide 13: Empire Mall (Aurangabad) – Financial Snapshot
EMPIRE MALL (AURANGABAD) – FINANCIAL SNAPSHOT Operational Details (Rs. Mn.) Q3 FY20 Q2 FY20 Q1 FY20 Q4 FY19 Q3 FY19 Area Leased (lakh sq. ft.) 5.3 5.3 5.3 5.6 5.4 % Leased 76% 76% 76% 81% 83% Sale of Premises 0.3 3.3 0.9 50.8 134.7 Rental Income 61.5 54.8 56.9 62.5 56.9 Recoveries (CAM & Other) 61.0
Slide 14: New Stores Opened at Aurangabad Mall
NEW STORES OPENED at AURANGABAD MALL 12
Slide 15: Brand Partners at Aurangabad Mall
BRAND PARTNERS AT AURANGABAD MALL 13
Slide 16: Events at Aurangabad Mall
EVENTS AT AURANGABAD MALL Kid’s Club Audition Diwali Dhoom Festival Winter Fiesta Fashion Show Christmas Carnival 14
Slide 17: Financial Snapshot - Coimbatore Mall
FINANCIAL SNAPSHOT - COIMBATORE MALL Key Operating Parameters Q3 FY20 Gross Leased Area (lakh sq.ft.) 4.6 Current Leasing Status 93% Number of Stores Signed 119 Retailer Sales (Rs. Mn.) 864 Average Monthly Trading Density (Rs/sqft) 840 Footfalls (Mn.) 2.3 Occupancy Footfall & Trading Density 22.1 23
Slide 18: Financial Snapshot - Coimbatore Mall
FINANCIAL SNAPSHOT - COIMBATORE MALL Operational Details (Rs. Mn.) Q3 FY20 Q2 FY20 Q1 FY20 Q4 FY19 Q3 FY19 Area Leased (lakh sq. ft.) 4.6 4.7 4.6 4.5 4.4 % Leased 93% 95% 92% 90% 89% Rental Income 79.5 78.5 79.7 80.1 71.1 Recoveries (CAM & Other)* 72.0 # 47.2 47.7 43.1 38.3 Total Income 151.5 125.7
Slide 19: New Store Opening at Coimbatore Mall
NEW STORE OPENING AT COIMBATORE MALL 17
Slide 20: Events at Coimbatore Mall
EVENTS AT COIMBATORE MALL Children’s Day Celebration Global MIC night Food Fest KTM Orange Day 18
Slide 21: Brand Partners at Coimbatore Mall
BRAND PARTNERS AT COIMBATORE MALL 19
Slide 22: Project Update - Coimbatore - Residential
PROJECT UPDATE - COIMBATORE - RESIDENTIAL ______________________________ Coimbatore Residential (CGI) Actual • ~1.9 m sqft of residential ______________________________ • 7 towers of 18 floors comprising 1,152 apartments ______________________________ • 3 towers of 18 floors comprising 540 apartment
Slide 23: Project Update – Nagpur
PROJECT UPDATE – NAGPUR ______________________________ • 0.5m sqft of retail space under Nagpur mall design (CGI) advanced stage of approvals • 0.39m additional development potential ______________________________ • 4.5m catchment population ______________________________ • 15.7 acres of residential
Slide 24: Nagpur Residential
NAGPUR RESIDENTIAL Actual Actual Actual 22
Slide 25: Project Update - Indore Residential
PROJECT UPDATE - INDORE RESIDENTIAL Indore township design (CGI) • 1.9m city population • Prominent business and industrial centre in Madhya Pradesh ______________________________ • 43.5acres comprising residential township with 5 acres for commercial to be developed in phases • Phase 1&2 is for plo
Slide 26: Disclaimer
DISCLAIMER Generic Disclaimer The following is a general overview of Prozone INTU Limited (the “Company”) and is qualified in its entirety by reference to the applicable offering memorandum, memorandum and articles of association or other constitutional documents and subscription agreement (together
Slide 27: Thank You
THANK YOU Email: investorservice@prozoneintu.com Mehul Mehta/ Nachiket Kale Website: www.prozoneintu.com Dickenson IR Contact: 9820280325/9920940808 Email: nachiket.kale@dickensonIR.com 25
Slide 28: Annexure
prozone intu BW 26
Slide 29: About Us
ABOUT US • Prozone Intu Properties Ltd. (Prozone Intu) is jointly developed by Promoters and Intu Properties Plc set up to create, develop and manage world-class regional shopping centres and associated mixed-use developments Pan-India. BUSINESS • Prozone Intu strategy is to participate and dominate
Slide 30: Understanding Our Business Model - Business Strategy
UNDERSTANDING OUR BUSINESS MODEL - BUSINESS STRATEGY Business Strategy • Develop Large scale Land Parcels for Mixed Use development. • 75% of the Land to be developed as Residential & Commercial – Build & Sell model • 25% of the Land to be developed as Retail – Build & Lease Model • The Company foll
Slide 31: Understanding Our Business Model - Business Strategy
UNDERSTANDING OUR BUSINESS MODEL - BUSINESS STRATEGY Regional Malls Yield under own Lease Management Model Debt Free Large scale Assets land parcels FUTURE for mixed use Profits & GROWTH developments Shareholder Residential & Cash Value Commercial Sales Developments Model • Locations selected in hig
Slide 32: Our Board of Directors
OUR BOARD OF DIRECTORS Nikhil Chaturvedi Dushyant Sangar Umesh Kumar Founder and Managing Director, Mr. Dushyant Sangar is the Corporate (Independent Director) Nikhil is a visionary and hands-on Development Director of Intu Mr. Umesh, has over 35 years of leader, who inspires the Properties plc and
Slide 33: Shareholding Update
SHAREHOLDING UPDATE Shareholding in % – Dec 2019 Promoter, Others, 30.44% 29.51% FII, 7.67% Intu Properties, 32.38% Key Investors Holding (%) ACACIA Partners 1.47% Aditya Chandak & Family 1.78% Rakesh Jhunjhunwala 2.06% Rajesh Narang 1.52% Source: BSE 31