Puravankara Limited · NSE:PURVA
Puravankara — Q1 FY2023 Earnings Presentation
37 slides from Puravankara's earnings presentation, 2022
Slide 1: Investor Presentation Q1 FY23
Investor Presentation Q1 FY23 Purva Palm Beach
Slide 2: Table of Contents
Table of Contents * Company Overview 3-6 * Development Bank 7-9 * Operational Overview – Area and Sales 10 – 11 * Launch pipeline 12 * Update of Financials 13 – 14 * Cash Flow Statements 15 – 16 * Debt 17 * Appendix 1 : Project Status 28 – 21 * Appendix 2 : Other corporate information 22 – 29 * Appe
Slide 3: Company Overview
Company Overview Artist’s impression of Provident Capella 3
Slide 4: Overview
Overview ❖ One of India’s most trusted real estate majors with an established presence in the residential segment (luxury and affordable housing) and in commercial office spaces ❖ With over 4 decades of domain expertise, Puravankara has established itself as one of the most admired brands ❖ Complete
Slide 5: World Class Technology
World Class Technology • Starworth Infrastructure and Construction Limited – wholly owned subsidiary focussed on technology enabled construction solutions • Design-build, Civil and MEP Capabilities for a wide variety of real estate and infrastructure projects • 100% precast solutions –construction s
Slide 6: Purva Land – Plotted development
Purva Land – Plotted development • Dedicated arm for plotted development • To cater to the evolving needs of homebuyers and offer a highly lucrative investment opportunity • To enable our customers to benefit from a fruitful investment, as well as enjoy greater flexibility with respect to the layout
Slide 7: Development Bank
Development Bank Artist’s impression of Purva Atmosphere Artist’s impression of Purva Aspire Actual site picture – Purva Palm Beach 7
Slide 8: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 30.83 12.85 38.12 50.97 Chennai 6.26 2.75 6.83 9.58 Hyderabad 2.26 0.68 - 0.68 Kochi 1.89 3.97 3.67 7.64 Others 1.57 0.23 1.01 1.24 West India 0.1
Slide 9: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of Provident accounts for 42% of the launch pipeline; in line ongoing and 32% of launch pipeline with the market trends and the Group‘s strategy 8% Launch Pipeline 21% Launch Pipeline 1% 6% 15% 18% 38% Ongoing Ongoing 0
Slide 10: Operational Overview – Area and sales
Operational Overview – Area and sales Actual site picture – Purva Palm Beach 10
Slide 11: Sales Q1FY23 Vs Q1FY22
Sales Q1FY23 Vs Q1FY22 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Jun-22 Jun-21 % Jun-22 Jun-21 % Jun-22 Jun-21 % Jun-22 Jun-21 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.24 0.29 -17% 128 167 -23% 227 242 -6% Completed Projects 0.01
Slide 12: Launch Pipeline
Launch Pipeline Sr. no Location/ Project Name City Development Model Development Type Developable Area PPL Share in JD Saleable area Expected launch date (msft) Puravankara 1 Lalbagh (Purva Orient Grand) Bengaluru Joint Development Residential 0.21 55% 0.12 Q2FY23 2 Zenium II* Bengaluru Joint Develo
Slide 13: Update on financials
Update on financials Actual site picture – Purva Palm Beach 13
Slide 14: Consolidated Statement of Profit & Loss for the quarter ended June 30, 2022
Consolidated Statement of Profit & Loss for the quarter ended June 30, 2022 All numbers in INR Cr Particulars Q1FY23 Q4FY22 Q1FY21 Income from operations Revenue from projects 214.85 295.55 181.50 Other Income 82.50 24.57 360.62 Total Income from operations 297.35 320.12 542.12 Expenses Sub-contract
Slide 15: Cash Flow
Cash Flow All numbers in INR Cr Cash Flow Statement Q1 FY 22 Q2 FY 22 Q3 FY 22 Q4 FY 22 Q1 FY 23 A Operating Inflows 817.4 382.7 455.9 575.4 666.8 B Operating Outflows (271.8) (300.1) (330.4) (444.9) (482.5) C=A-B Operating Surplus 545.7 82.6 125.5 130.6 184.4 Less Interest Cost( Net ) (75.3) (65.9)
Slide 16: Projected Cash Flow
Projected Cash Flow All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 1,190 1,360 2,550 Value of Inventory open for sale 2 (B) 2,402 1,992 4,394 Balance cost to go 3 (C) 1,531 1,319 2,849 Surplus (A) + (B) – (C) (D) 2,061 2,034 4,095 Surplus from Inventory n
Slide 17: Debt movement pattern
Debt movement pattern All numbers in INR Cr in Rs. Cr Q1FY23 Q4 FY22 Q3 FY22 Q2FY22 Q1FY22 Opening Balance 2190 2,283 2,189 2,136 2,502 Net Addition (Repayment) 1.70 -93 94 53 -366 Debt Outstanding 2192 2190 2283 2189 2,136 Less: Cash and Cash Equivalents 303 345 425 329 288 Net debt 1,889 1,846 1,8
Slide 18: Appendix 1 – Project Status
Appendix 1 – Project Status Provident Sunworth 18
Slide 19: Project Status – Completed Projects as on June 30, 2022
Project Status – Completed Projects as on June 30, 2022 Puravankara's JD / JV Share Share - S.No. Project Location Developable Area Total Flats for Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Coronati
Slide 20: Project Status – Under Construction as on June 30, 2022
Project Status – Under Construction as on June 30, 2022 JD / JV Share for Puravankara's Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION Puravankara 1
Slide 21: Project Status – Not yet open for Sale as on June 30, 2022
Project Status – Not yet open for Sale as on June 30, 2022 JD / JV Share for Puravankara's Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES NOT OPEN FOR SALE Pura
Slide 22: Appendix 2: Other Corporate Information
Appendix 2: Other Corporate Information 22
Slide 23: Governance Structure to drive long term growth
Governance Structure to drive long term growth Executive Team Ravi Puravankara Ashish Puravankara Nani R. Choksey Abhishek Kapoor Chairman Managing Director Vice Chairman Executive Director & CEO • Over 44 years of experience in • Bachelor’s degree in Business • Experience of over 44 years in • Expe
Slide 24: Shareholding Pattern as of June 30, 2022
Shareholding Pattern as of June 30, 2022 Others, 7.14% Mutual Funds, 1.51% FII & FPI, 16.35% Promoter, 75.00% Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate Mutual Funds Gothic Corporation Life Insurance Corporation Franklin Templeton Atyant Capital General Insurance C
Slide 25: Share Price Movement
Share Price Movement 200 180 160 140 120 100 80 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 PURVA SENSEX BSE REALTY Notes: Graph rebased to 100 25
Slide 26: Awards and Accolades
Awards and Accolades e4m Pride of India - The Best of Bharat 12th REALTY+ EXCELLENCE AWARDS 2021, 12th Annual Estate Awards - Developer of Realty+ 40 Under 40 Awards - Certificate of Awards 2022 – Puravankara Ltd PUNE for Best Themed Project of the Year - the Year - Residential (South) - Puravankar
Slide 27: Media & Capital Market Recognition
Media & Capital Market Recognition Enhancing the overall customer experience and ensuring employee well-being, along with robust long term growth strategy have helped us strengthen our position as a thought leader for Q1 FY23 27
Slide 28: Glimpses of the Global CP Meet in Pune and Dubai (May 2022)
Glimpses of the Global CP Meet in Pune (May 2022) during the Glimpses of the Global CP Meet in Dubai (May 2022) during the launch of an upcoming Provident Housing project in the city. launch of an upcoming Provident Housing project in Pune.
Slide 29: A slice of the WHC Luxe events
A slice of the 4 WHC Luxe events (December 2021, February 2022, March 2022 & May 2022) that we curated for the patrons of the WorldHome Collection
Slide 30: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA VENEZIA PURVA SKYWOOD PURVA SKYDALE Bengaluru Bengaluru Bengaluru 30
Slide 31: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA BLUEMONT PURVA PALM BEACH PURVA ETERNITY Coimbatore Bengaluru Kochi 31
Slide 32: Appendix 4 : Select Ongoing Projects
Appendix 4 : Select Ongoing Projects PURVA ZENIUM PURVA ASPIRE PROVIDENT PARKSQUARE PROVIDENT KENWORTH Bengaluru Pune Bengaluru Hyderabad 32
Slide 33: Appendix 4 : Select Ongoing Projects
Appendix 4 : Select Ongoing Projects PROVIDENT CAPELLA PROVIDENT ADORA DE GOA PROVIDENT SKYWORTH Ph 2 Bengaluru Chicalim Mangaluru 33
Slide 34: Appendix 4 : Completed commercial projects
Appendix 4 : Completed commercial projects PURVA PRIMUS PURVA SUMMIT Chennai Hyderabad 34
Slide 35: Appendix 4 : Ongoing commercial projects
Appendix 4 : Ongoing commercial projects PURAVANKARA BUSINESS PARK MUNDHWA Bengaluru Pune 35
Slide 36: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Puravankara Ltd.'s future business prospects and business profitability, which are subject to a number of ri
Slide 37: THANK YOU
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Investor Relations Contact: Mr. Neeraj Gautam, Executive Vice President Email – Neeraj.Gautam@Puravankara.com; Tel: +9