Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q1 FY2021-22 Earnings Presentation
32 slides from Prestige Estates Projects's earnings presentation, 2021
Slide 1: Investor Presentation Q1FY21-22
Investor Presentation Residential | Office | Shopping Malls | Luxury Hotels | Property Management Services Q1FY21-22 1
Slide 2: Presentation Index
Presentation Index Segment 01. Operational 03. Key Highlights Review Residential | Office | Retail | Hotels | Property Mgt. About 02. Financial 04. Key Highlights Prestige Scale | Management | Track Record 2
Slide 3: Operational Highlights
Operational Highlights ₹ 7,339 mn New Sales ₹ 10,223 mn Collections 01 Up 59% YoY From 1.10 mn sft, ARPS ₹ 6,691/sf 02 Up 40% YoY PGS- ₹ 8266 mn PGS- ₹ 5,316 mn Volume- 0.78 mn sft ₹ 600 mn Rental Income ₹ 1,215 mn Property 03 04 Management Income For Q1F22 PGS during Q1F22 3
Slide 4: Financial Highlights
Financial Highlights ₹ 14,734 mn Revenue ₹ 4,030 mn EBIDTA 01 02 ₹ 925 mn PAT EBIDTA % 27.35 pc 03 04 PAT% 6.28 pc 4
Slide 5: Business Segment Review
Business Segment Review 3M 2021-22 Office Retail Hospitality Services Residential Total Revenue 419 142 154 1,215 10,953 12,883 EBITDA 228 51 (75) 242 1,809 2,255 EBITDA % 54% 36% -49% 20% 17% 18% Depreciation 126 12 270 17 98 523 EBIT 102 39 (345) 225 1,711 1,732 EBIT % 24% 28% -224% 19% 16% 13% In
Slide 6: Debt Profile
Chart Title Project Debt - Resi 14% Office Capex Debt Profile 29% 7% DER at 0.29x Retail Capex Net Debt stood at ₹21,706 mn, with Avg. Cost of Borrowing at Hospitality Capex 9.8% Net worth at ₹74,138 mn. 23% Rental Securitisation Loans 24% Receivables discounting loans 3%
Slide 7: Residential Segment
Residential Segment Large Residential Complex | Villas | Row House | Plots | Others 120 31 Completed Projects Ongoing Projects Across 90 mnsft Across 38 mnsft 14 Under planning Projects Across 39 mnsft ₹196,540 MN Operating CF 7
Slide 8: Residential Segment Cash flows
Residential Segment Cash flows ONGOING Value in Particulars Area in Mn Sft ₹ Mn % Total Developable Area 85.75 Car Park Area 23.13 Total Saleable Area 62.62 PG area share 48.05 Estimated Value 3,25,455 Sold 37.28 2,55,371 78 Collections 2,09,530 Balance to collect 45,841 Category Area Value Stock 10
Slide 9: Residential Segment Cash flows
Residential Segment Cash flows UPCOMING Value in Particulars Area in Mn Sft ₹ Mn Total Developable Area 38.92 Car Park Area 7.51 Total Saleable Area 31.41 PG area share 26.53 Estimated Value-A 2,29,037 Cost of Development 1,06,501 Incurred as of Q4F21 10,905 Balance to spend-B 95,596 RD Paid-C 575 F
Slide 10: Office Complex
Office Complex Built to suit | SEZ | Large Integrated development | Others 112 13 Completed Projects Ongoing Projects Across 36 mnsft Across 19 mnsft ₹2,534 13 Under planning Projects Mn Exit Rental Across 25 mnsft ₹25,000+ mn rental pa projections* *PGS 10
Slide 11: Shopping Malls
Shopping Malls 10 3 Completed Projects Ongoing Projects Across 7 mnsft Across 3 mnsft ₹1,034 Mn Exit Rental 3 Under planning Projects Across 3 mnsft ₹3,000+ mn rental pa projections* *PGS 11
Slide 12: Luxury Hotels
Luxury Hotels 1,071 KEYS 1,229 KEYS OPERATIONAL UNDER CONSTRUCTION 367 KEYS ₹5,177+ UNDER PLANNING INCOME PA 12
Slide 13: Property Management
Property Management 250 83 Completed Projects Pipeline Projects Across136 mnsft Across 123 mnsft ₹5,000 mn revenue pa ₹10,000 mn pa Projection 13
Slide 14: Land Bank
Land Bank S.No. Entity Name Location (Acres) Interest Share (Acres) Prestige Bidadi Holdings Pvt 1 Ltd Bidadi,Bengaluru 143 100% 143 2 Village De Nandi Pvt Ltd Bengaluru 25 100% 25 3 Eden Investments Goa 74 78% 58 4 Prestige Estates Projects Ltd Chennai 20 66% 13 Total 262 239 Potential Developable
Slide 15: 34+ Years of trust
34+ Years Of trust… Residential | Office | Shopping Malls | Hospitality | Property Management 15
Slide 16: 250 Projects across 136 mn sf
250 Projects across 136 mn sf Completed since inception CRISIL DA1 Residential | Office | Shopping Malls | Hospitality | Property Management 16
Slide 17: Scale of operation | Summary
Scale of operation | Summary Area In mn sf Plotted Area in mn sf Residential Commercial Retail Hospitality Development Total Particulars Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects 112 83.02 112 36.22 10 7.08 8 2.56 8 7.42 250 136.30 Ongoing Projects 29 35.82 13 18
Slide 18: Board
Board Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Whole-time Director Whole-time Director Dr. Pangal Ranganath Nayak Neelam Chhiber Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Independent Independent Independent Independent Independent
Slide 19: Executive Management
Executive Management Faiz Rezwan Zaid Sadiq Anjum Jung Zayd Noaman Executive Director- Executive Director- Executive Director- Interior Executive Director- CMD’s Office Contracts & Projects Liasion & Hospitality Design Omer Bin Jung Nayeem Noor Zackria Hashim Venkat K Narayan Executive Director- Hos
Slide 20: Executive Management
Executive Management Suresh Singaravelu Swaroop Anish Arvind Pai Executive Director- Retail, Executive Director- Business Executive Director- Legal Hospitality Development Amit Mor Lt. Col. Milan Khurana (Retd.) V. Gopal Chief Financial Officer Executive Director – HR, IT & Admin Executive Director-
Slide 21: Annexure
ve ANNEXURE 21
Slide 22: Residential – Ongoing Projects
Residential – Ongoing Projects S.No. Project City/State TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Botanique Bengaluru 0.10 55.00 0.06 2 Prestige Dolce Vita Bengaluru 0.16 60.00 0.10 3 Prestige Elysian Bengaluru 1.11 30.60 0.34 4 Prestige Fairfield Bengaluru 0.54 27.03 0.15 5
Slide 23: Residential – Ongoing Projects
Residential – Ongoing Projects S.No. Project City/State TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 15 Prestige Vista Towers Bengaluru 0.26 51 0.13 16 Prestige Waterford Bengaluru 1.75 60 1.05 17 Prestige Willow Tree Bengaluru 0.91 62 0.57 18 Prestige Woodland Park Bengaluru 0.38 50 0.19
Slide 24: Residential – Upcoming Projects
Residential – Upcoming Projects Project City/State TDA in Mn Sft Economic Interest Prestige Share (Mnsft) Prestige Glenbrook Bengaluru 0.58 100.00 0.58 Prestige Green Gables Bengaluru 0.72 60.00 0.43 Prestige Maple Heights Bengaluru 0.28 65.00 0.18 Prestige Misty Waters- Phase III Bengaluru 0.40 62.
Slide 25: Office – Ongoing Projects
Office – Ongoing Projects S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Tech Cloud Bengaluru 4.65 86.00 4.00 2 Prestige Tech Park IV Bengaluru 0.59 100.00 0.59 3 Prestige Minsk Square Bengaluru 0.58 55.00 0.32 4 Prestige Summit Bengaluru 0.19 50.00 0.09 5
Slide 26: Office – Upcoming Projects
Office – Upcoming Projects S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Capital Square Bengaluru 0.16 65.00 0.11 2 Prestige Smart City Bengaluru 0.53 60.00 0.32 3 Prestige Southwark Bengaluru 1.64 69.70 1.14 4 Prestige Tech Forest Bengaluru 2.75 68.00 1.
Slide 27: Office – Exit rentals
Office – Exit rentals Project Name Leasable Area Interest (%) Prestige Share Rent P.A. Prestige Logistic Centre 0.38 100.00 0.38 82.90 Prestige Polygon 0.33 100.00 0.33 321.58 West Palm Developers Pvt Ltd 0.32 61.00 0.20 101.32 SKN Commercial 0.22 100.00 0.22 179.07 Forum Vijaya-Commercial 0.19 50.0
Slide 28: Retail – Exit rentals
Retail – Exit rentals Project Name Leasable Area Interest (%) Prestige Share Rent P.A. Forum Sujana Mall Hyderabad 0.81 15.00 0.12 148.79 Forum Fiza Mall 0.66 10.20 0.07 30.53 Forum Vijaya Mall 0.64 50.00 0.32 411.98 Forum Mall Shantiniketan 0.64 9.74 0.06 58.04 Forum Celebration Mall 0.39 15.00 0.0
Slide 29: Retail – Ongoing Projects
Retail – Ongoing Projects Projects Location TDA PGS% PGS Falcon City Forum Mall Bengaluru 0.98 49.00 0.48 Falcon City Forum Mall Bengaluru 0.29 100.00 0.29 Forum Thomsun Kochi 1.06 50.00 0.53 Forum Rex Walk Bengaluru 0.24 34.41 0.08 Total D 2.56 1.38 Projects Location TDA PGS% PGS Forum One OMR Chen
Slide 30: Hotels – Ongoing/Upcoming Projects
Hotels – Ongoing/Upcoming Projects Projects Location Keys PGS% PGS JW Marriott Hotel Bengaluru 297 100.00 297 DIAL Delhi 932 50.00 466 Total D 1,229 763 Projects Location Keys PGS% PGS Prestige Hillside Retreat- Tribute Portfolio Bengaluru 102 100.00 102 MOXY Chennai OMR Chennai 125 70.00 88 Tribute
Slide 31: Disclaimer
DISCLAIMER This presentation has been prepared by Prestige Estates Projects Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Prestige Estates Projects Ltd’s future business prospects and business profitability, which ar
Slide 32: Thank You
Prestige Thank You WE HAVE MOVED TO OUR NEW OFFICE For any queries Please contact, E: investors@prestigeconstructions.com Registered Office- No. 19, Brunton Road,( Off M.G Road ) Bangalore 560 025 Landmark- Trinity Metro Station T: +91 -80 –25001 248, F: + 91 –80 -25591945, Website: www.prestigecons
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