Puravankara Limited · NSE:PURVA
Puravankara — Puravankara Projects — Investor Presentation (December 2015)
51 slides from Puravankara's investor presentation, December 2015
Slide 1: Puravankara Projects Limited Investor Corporate Presentation December 2015
Purva Venezia, Bengaluru Puravankara Projects Limited Investor Corporate Presentation December 2015
Slide 2: Contents
Contents • Company Overview 3-9 • Area information 10 - 16 • Sales 17 - 20 • Cash Flows 21 - 24 • Income Statement Analysis 25 - 30 • Balance Sheet and Statement of Capital Employed 31 - 33 • Debt 34 - 35 • Shareholding Pattern/ Stock Movement 36 - 38 • Leadership 39 • Location Maps 40 - 44 • Projec
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview • Deep domain knowledge of 40 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. Region Completed Ongoing Upcoming Land Assets Total (A) (B) (C) (A)+(B)+(C) Bengaluru 21.44 12.77 8.18 45.30 66.25 Chennai 3.06 4.84 7.05 4.66 16.55 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 9% Upcoming Upcoming 6% Upcoming 13% 3% 2% Ongoing Ongoing Ongoing 3… 11% 33% 1% 29% 34% 23% 60% 66% 97% 87% 29% 94% Bengaluru Chennai Kochi Puravankara Provident Residential Commercial Coimbatore Hyderabad Mangalore Ongoing Upcoming
Slide 9: Summary of Financial Performance
Summary of Financial Performance Revenues (INR crores) EBITDA (INR Crores) Profit Before Tax (INR Crores) Profit After Tax (INR Crores) 1,691 356 700 70% 400 30% 300 25% 595 29% 61% 350 243 1,313 600 397 60% 25% 250 1,248 480 24% 24% 20% 19% 20% 500 50% 300 243 49% 48% 408 20% 200 17% 250 19% 160 15
Slide 10: Area Information
PURAVANKARA Area Information 10
Slide 11: Area Under Development – Snapshot
Area Under Development – Snapshot in millions sq. ft. (numbers in millions sq. ft.) FY12 FY13 FY14 FY15 9MFY16 Opening Area 21.12 23.74 28.04 28.43 24.01 Add: Launches/Revisions during the period 1 5.80 7.28 4.26 1.12 0.11 Less: Completed during the period 2 (3.18) (2.98) (3.87) (3.31) (2.83) Less :
Slide 12: Current Project Status – December 2015
Current Project Status – 31 December 2015 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 Venez
Slide 13: Current Project Status – December 2015 (contd.)
Current Project Status – 31 December 2015 – (contd.) 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 % UNDER CONSTRUCTION
Slide 14: Current Project Status – December 2015 (contd.)
Current Project Status – 31 December 2015 – (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 TO BE LAUNC
Slide 15: Geographic break up of Inventory Status- Q3 FY16
Geographic break up of Inventory Status- Q3 FY16 Ready to move in Inventory – By Region Ready to move in Inventory - By Entity Kochi 0.42 msft; 228 Bengaluru units 0.96 msft; 705 Provident Puravankara units 0.84 msft; 815 1.25 msft; 619 units units Chennai 0.71 msft; 501 units 1. Notes: Charts based
Slide 16: Immediate Launches - Schedule
Immediate Launches - Schedule Development Developable Area Saleable S. No Location City Development Type PPL Share in JD Expected Launch Date Model Area Msft Msft Puravankara 1 Mallasandra Bengaluru Joint Development Residential 1.94 87.50% 1.69 Q2FY17 2 Lalbagh Bengaluru Joint Development Residenti
Slide 17: Sales
PURAVANKARA Sales 17
Slide 18: Sales – Q3 FY16, December 2015
Sales – Q3 FY16, 31 December 2015 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Dec-15 Dec-14 % Dec-15 Dec-14 % Dec-15 Dec-14 % Dec-15* Dec-14 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 0.19 0.75 -74% 112 564 -80% 102 411 -75% 5,339 5,5
Slide 19: Sales – Nine Months ended FY16
Sales – Nine Months ended FY16 Based on Bookings 9 months ended Area Sold Units Sold Sale Value Sale Realization Dec-15 Dec-14 % Dec-15 Dec-14 % Dec-15 Dec-14 % Dec-15* Dec-14 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 0.53 1.98 -74% 399 1,373 -71% 309 1,077 -71% 5,908 5
Slide 20: Sales Breakup
Sales Breakup Q3 FY16 By Entity Q3 FY16 By Geography Mangalore 1% Kochi 13% 0.01 msft 0.04 msft Provident 43% 0.14 msft Coimbatore 9% 0.03 msft Puravankara 57% 0.19 msft Bengaluru 61% Chennai 16% 0.20 msft 0.05 msft 20
Slide 21: Cash Flows
PURAVANKARA Cash Flows 21
Slide 22: Cash Flow – Summary
Cash Flow – Summary Rs. crores Puravankara Provident Total Balance collections from sold units 1 (A) 939 288 1,228 Inventory 2 (B) 4,625 2,187 6,811 Residential 4,444 2,187 6,631 Launched 2,935 859 3,794 Not Launched 1,509 1,328 2,837 Commercial 180 - 180 Balance cost to go 3 (C) 1,825 1,146 2,971 R
Slide 23: Cash Flow Statement
Cash Flow Statement Rs. crores FY 2015 Q1 FY16 Q2 FY16 Q3 FY16 9M FY16 Receipts Collection from Sale of Flats 1,462.95 328.13 343.12 305.10 976.35 Advance recd for sale of land 161.56 - 140.00 - 140.00 Equity Redemption and Dividend from 38.74 - 54.40 - 54.40 Associates A Total Receipts 1,663.25 328
Slide 24: Cash Flow Statement (Contd)
Cash Flow Statement (Contd) Rs. crores FY 2015 Q1 FY 16 Q2 FY16 Q3 FY16 9M FY16 Investment Activity Purchase of Fixed Assets (34.55) (2.79) (8.37) (1.67) (12.83) Investment in Subsidiaries/Associates - - 0.10 0.34 0.44 Investment in Mutual Funds - - - - - Net investment in bank deposits and margin (
Slide 25: Income Statement Analysis
Income Statement Analysis 25
Slide 26: Income Statement – Summary
Income Statement – Summary Rs. Crores Recognised in Q3 FY16 (from projects) Puravankara Provident Purva Star Others Total Revenue Recognised 1 (A) 230 101 20 5 356 Land Cost Recognized (B) 11 9 1 - 21 Construction Costs Recognised 2 (C) 170 75 14 (5) 254 Surplus (A) – (B) – (C) 49 17 5 10 81 Unrecog
Slide 27: Result Highlights
Result Highlights Rs. crores Other Subsidiaries and Q3FY16 Puravankara Provident Starworth Consolidated Eliminations Total Revenues 237 102 45 -21 363 YoY growth (%) -17% 38% 5% -4% Profit Before Tax 11 3 -1 3 16 YoY growth (%) 120% 0% NA 60% margins (%) 5% 3% -2% 4% Profit After Tax 6 2 0 2 10 YoY
Slide 28: Consolidated Statement of Profit and Loss for the quarter ended 31 December 2015
Consolidated Statement of Profit and Loss for the quarter ended 31 December 2015 Rs. crores Q3FY16 Q3FY15 Q2FY16 FY15 Income Revenue from operations Revenue from projects 358 375 423 1,664 Other operating revenues 5 4 2 14 Other income 1 1 1 13 Total 363 379 426 1,691 Expenses Material and contract
Slide 29: Consolidated Statement of Profit and Loss for the 9M FY16
Consolidated Statement of Profit and Loss for the 9M FY16 Rs. crores 9M FY16 9M FY15 FY15 Income Revenue from operations Revenue from projects 1,227 1,258 1,664 Other operating revenues 10 11 14 Other income 2 13 13 Total 1,239 1,281 1,691 Expenses Material and contract cost 753 651 889 Land cost 34
Slide 30: Key Financial Indicators
Key Financial Indicators Valuation Matrix (X) 9MFY16 FY 2015 FY 2014 FY 2013 Income Statement (INR crs) 9MFY16 FY 2015 FY 2014 FY 2013 Price/Earnings 19.88 11.09 9.95 7.97 Total Income 1239 1691 1,313 1,248 Price /BV 0.64 0.65 0.74 1.02 EBITDA from Operations 277 408 480 595 EV/Sales 1.98 1.79 2.39
Slide 31: Balance Sheet and Statement of Capital Employed
Balance Sheet and Statement of Capital Employed 31
Slide 32: Balance Sheet as of December 2015
Balance Sheet as of 31 December 2015 Rs. crores December March December March Equity and Liabilities Assets 2015 2015 2015 2015 Shareholders' Funds Non-Current Assets Share capital 119 119 Fixed assets 122 124 Reserves and surplus 2,198 2,142 Non-current investments 51 69 2,317 2,261 Properties held
Slide 33: Statement of Capital Employed
Statement of Capital Employed Rs. crores 31-Dec-15 31-Mar-15 Sources of Funds Equity 119 119 Reserves and Surplus 2,198 2,317 53% 2,142 2,261 56% Optionally Convertible Debentures 96 2% 0% Total Debt 1,941 45% 1,780 44% Total 4,354 100% 4,040 100% Application of Funds Land Investments 51 69 Properti
Slide 34: Debt
PURAVANKARA Debt 34
Slide 35: Debt Structure – December 2015
Debt Structure – December 2015 Others- Rs. 29 Cr, 2% Term Loans - Subsidiaries / Associates at interest rate of 12.46%, Rs. 412 Cr, 21% Over Drafts at interest rate of 14.18%, Rs. 153 Cr , 8% Term Loans/Construction Finance at interest rate of 12.26%, Rs. 1347 Cr, 69% in Rs. Cr Q3 FY16 Q2 FY16 FY 20
Slide 36: Shareholding Pattern
PURAVANKARA Shareholding Pattern 36
Slide 37: Shareholding Pattern – as on December 2015
Shareholding Pattern – as on 31 December 2015 Others 15% DIIs 1% Mutual Funds 6% FPIs 3% Promoters 75% Notes Key Shareholders 1. Promoter Shares are unencumbered 2. FIIs are included in “Others” Mutual Funds FIIs Insurance and Bodies Corporate Reliance AMC GHI Life Insurance Corporation Axis Mutual
Slide 38: Stock Movement
Stock Movement Relative to BSE Realty Index and Sensex during December 31, 2014 to December 31, 2015 120 110 100 90 80 70 60 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Puravankara Sensex BSE Realty As on 31st December 2015 31-Dec-15 30-Sep-15 30-Jun-15
Slide 39: Dedicated and experienced management team
Dedicated and experienced management team – committed to best practices of corporate governance Executive team Non-Executive team Ravi Puravankara Chairman R.V.S. Rao • Over 40 years of experience in real estate industry Independent Director • Former president of the International Real Estate Federa
Slide 40: 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 41: 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 41
Slide 42: 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 42
Slide 43: 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 43
Slide 44: 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 44
Slide 45: Project Pictures
PURAVANKARA Project Pictures Luxury Apartments PURVA ATRIA| |
Slide 46: Project Pictures
PURAVANKARA Project Pictures PROVIDENT Welworth City (On Yelahanka -Doddaballapur Main Rose
Slide 47: Project Pictures
PURAVANKARA Project Pictures RE PE FERBEEEE
Slide 48: Project Pictures
PURAVANKARA Project Pictures x S| 5 <i S, ces => a 48
Slide 49: 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 50: 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 51: 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:
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