Slide 1: Prestige Estates Projects Ltd Q1 FY24 Investor Presentation
Prestige Estates Projects Ltd Q1 FY24 Investor Presentation www.prestigeconstructions.com
Slide 2: Agenda
Agenda Q1 FY24 Key Mumbai Management Highlights Segment Projects • Board Of Directors • About Us Analysis • Residential • Leadership Team • Commercial • Scale of Operations • Residential • Commercial • Key Highlights • Retail • Operational Highlights • Hospitality • Financial Highlights • Property M
Slide 3: About Us
About Us 1 37 Years of Legacy 2 13 Cities 3 CRISIL DA1+ Developer Grading 4 ICRA A+ Stable Rating 3 03 www.prestigeconstructions.com
Slide 4: Scale of Operations
Scale of Operations Prestige Group @ COMPLETED TOTAL: 285 Projects, 170 mn sft 143 Projects 120 Projects 12 Projects @ Retail __ [> 9 mn sft 10 Projects @ Residential TT [> 117 mn sft @ Commercial ——___ [-————————_ 40 mn sft @ Hospitality 4mn sft @ ONGOING TOTAL: 54 Projects, 75 mn sft | _@ Resident
Slide 5: Q1 FY24 Highlights
Sales of ₹3,915 Cr (+30% yoy) Collections of ₹2,741 Cr (+28% yoy) Growth in Avg. Realization to ₹10,244 psf (+20% yoy) 2,276 units sold over 3.83 Mn sft sold @25 units / day Q1 FY24 Highlights Q1 Launch Prestige Lavender Fields generated sales of ₹2,031 Cr Mumbai contributed ~ ₹600 Cr sales 05 www.p
Slide 6: Operational Highlights
Operational Highlights Sales Collections Area Sold Units Sold 39,147 ₹Mn 27,408 ₹Mn 3.83 Mn sft 2,276 +30% YOY +28% YOY PG Share: 35,579 ₹Mn PG Share: 24,843 ₹Mn PG Share: 3.41Mn sft 25 Units / Day (29% YOY) (29% YOY) (2% YOY) Launches: 3.11 Mn Sft ( - 68% YOY) Completions: 5.90 Mn sft (+658% YOY) R
Slide 7: Operational Highlights
Operational Highlights Q1 FY24 Avg. Realization QoQ 10,244 Sales – Geography Wise 9,761 9,371 8,543 7,724 Q1 FY 24 Sales: ₹39,147mn 28,654 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 5,949 Avg. Realization Q1FY24 3,511 10,244 psf 597 228 159 48 Apartments, Residential, Commercial Bangalore Mumbai Hyderabad Chenna
Slide 8: Top 10 Sales – Project wise
Top 10 Sales – Project wise Prestige Lavender Fields Q1 FY 24 Sales: ₹39,147mn 20,318 Artist’s Impression Major Projects % Contribution 4,469 Prestige Lavender Fields 2,217 Bangalore Contribution 1,926 1,223 1,044 Q1 FY24 : 52% 963 918 791 788 Prestige The Prestige Prestige Prestige Prestige Prestig
Slide 9: Completions & Launches
Completions & Launches Mulberry Shades Tribute Portfolio Developable Completed Q1 FY24 # Project Completed Location Segment Bengaluru Area (Mn sft) 1 Great Acres @ TPC Bengaluru Residential 3.49 5.90 Mn sft • Residential: 5.77 2 Prestige Marigold Bengaluru Residential 1.17 • Capex: 0.13 3 Prestige E
Slide 10: Financial Highlights
Financial Highlights Revenue EBITDA PAT EBITDA % 19,663 ₹Mn 8,121 ₹Mn 3,178 ₹ Mn 41.30% -2.26% YOY 51.79% YOY 26.56% YOY PAT % 16.16% www.prestigeconstructions.com 10
Slide 11: Segment Wise Results & Capital Employed
Segment Wise Results & Capital Employed (in Million) Others Q1 FY 2023-24 Office Retail Hospitality Services Residential Total (Note 1) Revenue 667 495 1,756 2,203 10,600 1,088 16,809 EBITDA (excluding other income) 546 221 638 271 2,503 1,088 5,267 EBITDA % 82% 45% 36% 12% 24% 100% 31% Depreciation
Slide 12: Segment Wise Results & Capital Employed
Segment Wise Results & Capital Employed (in Million) Q1 FY 2023-24 Office Retail Hospitality Services Residential Total Capital Employed Equity A 46,826 15,857 21,847 863 17,025 102,418 Debt (including ongoing capex) B 16,900 5,368 9,305 3 44,172 75,748 Debt taken for ongoing capex project C 11,579
Slide 13: Debt Profile Q1 FY24
Debt Profile Q1 FY24 0.61 DEBT EQUITY RATIO 14% Project Debt - Residential & Commercial for sales 12% Office Space ₹64,804 mn NET DEBT 58% Hospitality 16% Lease Rental Discounting 10.24% AVERAGE BORROWING COST 16 www.prestigeconstructions.com 13
Slide 14: Segment Analysis
Segment Analysis 14 www.prestigeconstructions.com
Slide 15: Residential Segment
Residential Segment STOCK BREAKUP COMPLETED ONGOING UPCOMING Category Area Value(Mn Ongoing-Premium & Luxury Projects 0.771 23,255 • 143 PROJECTS • 35 PROJECTS • 29 PROJECTS Ongoing-Mid Income Projects 4.256 47,641 • 117 MN SFT • 46 MN SFT • 76 MN SFT Ongoing Commercial Projects 0.283 2,825 Complete
Slide 16: Ongoing Residential
Bengaluru 1 Prestige White Meadows T3 0.50 100% 0.50 FY 24 Ongoing Residential 2 Prestige Fairfield 3 Prestige Finsbury Park- Regent 0.51 27% 1.81 60% 0.14 1.09 FY 24 FY 24 Hyderabad 1 Prestige Clairemont 3.29 100% 3.29 FY 28 35 46 4 Prestige Finsbury Park- Hyde 2.77 60% 1.66 FY 24 2 Prestige Beverl
Slide 17: Upcoming Residential
Bengaluru Upcoming Residential 1 Prestige Glenbrook 0.66 100% 0.66 FY 24 29 76 2 Prestige Misty Waters- Phase III 0.20 32% 0.06 FY 24 Hyderabad Projects mn sft 3 Prestige Countydale 0.21 100% 0.21 FY 24 4 Prestige Serenity Shores 1.57 80% 1.25 FY 24 1 Prestige Rock Cliff 0.68 55% 0.37 FY 24 5 Presti
Slide 18: Commercial Segment
Commercial Segment COMPLETED ONGOING UPCOMING TENANTS WORKFORCE • 120 PROJECTS • 12 PROJECTS • 11 PROJECTS • 400+ • 450,000 • 40 MN SFT • 24 MN SFT • 15 MN SFT 32,814 EXIT RENTALS PROJECTED ANNUITY INCOME STEP UP (₹ mn) PG Share ₹2114 mn 21,167 INCREMENTAL RENTALS FY24 ₹265 mn 8,798 6,876 ANNUITY IN
Slide 19: Commercial Capex and Balance to Spend
Commercial Capex and Balance to Spend BALANCE TO SPEND Balance Balance COC (PG SHARE) PARTICULARS Total COC COC (PG) 450, COC (PG) ONGOING COMMERICAL 000 ₹59,429 mn Ongoing Commercial Capex 86,671 76,742 65,793 59,429 UPCOMING COMMERICAL ₹69,209 mn Upcoming Commercial Capex 74,120 72,846 70,469 69,2
Slide 20: Ongoing Commercial
Bengaluru Ongoing Commercial 1 Prestige Tech Cloud 2.10 86% 1.81 FY 24 12 24 2 Prestige Tech Hub 1.33 60% 0.80 FY 26 3 Prestige Tech Pacific Park 1.65 66% 1.09 FY 24 Projects mn sft 4 Prestige Tech park IV Block 3 0.16 50% 0.08 FY 24 5 Prestige Lake Shore Drive Ph I 4.02 40% 1.61 FY 25 6 Prestige Te
Slide 21: Upcoming Commercial
Upcoming Commercial 11 Projects 15 mn sft Bengaluru 1 Prestige Techzone 1.78 67% 1.19 FY 27 2 Prestige Tech park 5 0.13 100% 0.13 FY 27 3 Prestige Landmark 2.93 50% 1.46 FY 28 4 Prestige Capital Square 0.12 100% 0.12 FY 28 5 Prestige Tech Habitat 1.04 60% 0.63 FY 27 Total 6.00 3.54 Mumbai 1 Prestige
Slide 22: Retail Segment
Retail Segment COMPLETED ONGOING UPCOMING • 12 PROJECTS • 2 PROJECTS • 5 PROJECTS • 9 MN SFT • 2 MN SFT • 6 MN SFT 5,536 PROJECTED ANNUITY INCOME STEP UP (₹ mn) 4,455 EXIT RENTALS PG Share ₹1,742 mn 2,805 INCREMENTAL RENTALS FY24 2,154 2,154 ₹412 mn ANNUITY INCOME FY28 ₹ 5,536 mn 22 FY24 FY25 FY26 F
Slide 23: Retail Capex & Balance to Spend
Retail Capex & Balance to Spend BALANCE TO SPEND (PG SHARE) 450, Balance Balance COC ONGOING RETAIL PARTICULARS Total COC COC (PG) COC 000 (PG) ₹3,757 mn Ongoing Retail Capex 9,484 6,551 4,274 3,757 UPCOMING RETAIL ₹12,630 mn Upcoming Retail Capex 18,716 12,732 18,570 12,630 TOTAL Total Capex ₹16,38
Slide 24: Ongoing Retail Upcoming Retail
Ongoing Retail 2 Projects 2.15 mn sft Kochi | Bengaluru 1 Forum Thomsun 1.02 50% 0.51 FY 24 Upcoming Retail 5 5.58 2 Forum 13o North 1.13 100% 1.13 FY 26 Total 2.15 1.64 Projects mn sft Bengaluru | Hyderabad | Chennai | Kochi 1 Forum One OMR 1.79 85% 1.52 FY 28 2 Forum Neighbourhood Mall 0.69 100% 0
Slide 25: Hospitality Portfolio (2996 Keys)
Hospitality Portfolio (2996 Keys) OPERATING ONGOING UPCOMING • 8 PROJECTS • 5 PROJECTS • 3 PROJECTS • 1325 KEYS • 1115 KEYS • 556 KEYS 297 KEYS, BENGALURU 285 KEYS, BENGALURU 221 KEYS, NEW DELHI 558 KEYS, NEW DELHI 200 KEYS, MUMBAI (BKC) 128 KEYS, 32 KEYS, 153 KEYS, CHENNAI 360 KEYS, BENGALURU 79 KE
Slide 26: Hospitality Revenue Potential (2996 Keys)
Hospitality Revenue Potential (2996 Keys) OPERATING ONGOING UPCOMING • 8 PROJECTS • 5 PROJECTS • 3 PROJECTS • 1325 KEYS • 1115 KEYS • 556 KEYS UNDER OPERATING CONSTRUCTION UPCOMING TOTAL Total Keys 1,325 1,115 556 2,996 Keys (PG Share) 1,291 710 431 2,432 Total Revenue p.a. 8,974 8,523 5,521 23,019
Slide 27: Hospitality Capex and Balance to Spend
Hospitality Capex and Balance to Spend BALANCE TO SPEND (PG SHARE) 450, Balance Balance COC PARTICULARS Total COC COC (PG) ONGOING HOSPITALITY COC 000(PG) ₹9,005 mn Ongoing Hospitality Capex 21,909 12,640 14,923 9,005 UPCOMING HOSPITALITY ₹7,236 mn Upcoming Hospitality Capex 9,042 7,245 9,023 7,236
Slide 28: Operating Hotel Performance
Operating Hotel Performance 13,665 13,099 10,202 7785 6749 6631 Q1 FY24 Q4 FY23 Q1 FY23 ARR RevPAR 28 www.prestigeconstructions.com
Slide 29: Cashflows Q1 FY24
Cashflows Q1 FY24 (INR mn) Q1 FY24 OPERATIONAL ACTIVITIES Inflow Residential Collection/ Commercial & Retail Rentals / Property Maintenance / Mall 30,681 Outflow Construction Cost- Development Business 11,819 LO Payments /Sales/ Marketing / Admin Overheads & Taxes 8,309 Sub Total 20,128 Net Cashflow
Slide 30: Property Management
185 100 Properties Maintained Projects in Pipeline 120 Mn sft 157 Mn sft INR 1,662 mn INR 10,000 mn Q1 FY24 Future Potential Gross Revenue PROPERTY MANAGEMENT 30 30 www.prestigeconstructions.com
Slide 31: Mumbai Portfolio
PRESTIGE DAFFODILS Mumbai A THE PRESTIGE CITY MULUND Mulund B PRESTIGE DAFFODILS Pali Hill A C JIJAMATA NAGAR Worli D PRESTIGE JASDAN CLASSIC Mahalaxmi E PRESTIGE OCEAN TOWERS B G Marine Lines F PRESTIGE NAUTILUS Worli F C G PRESTIGE 1O1 BKC H D BKC Residential H THE PRESTIGE (LIBERTY TOWERS) E Comm
Slide 32: Residential - Mumbai
Residential - Mumbai Expected PEPL Share of Carpet Area Total Sale S.N o. Project Selling PG % Sales Value Mn sf value In Mn Price In Mn Ongoing Residential 1 Prestige Jasdan Classic 0.33 45,100 14,662 100 14,662 2 The Prestige City Mulund 2.13 23,000 49,027 100 49,027 Bellanza + Siesta 3 Prestige D
Slide 33: Commercial - Mumbai
Commercial - Mumbai S.No. Project Total Expected Total Sale value PG % PEPL Share of Projected PEPL Projected Leasable Selling Price In Mn Sales Value Rent/Sf Rental PA (in case Area Mn sf In Mn of leasing) In Mn Ongoing Commercial 1 The Prestige (Liberty Towers) 3.00 45,882 1,37,640 90 1,23,876 325
Slide 34: Land Bank
Land Bank Land Area Economic Prestige S.No. Entity Name Location (Acres) Interest Share (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi, Bengaluru 143 100% 143 2 Prestige Estates Projects Ltd Perumbakam, Chennai 20 66% 13 3 The QS Company Padil Mangaluru 17 100% 17 4 Prestige Warehousing And Cold
Slide 35: Management Team
PRESTIGE OCEAN TOWERS Mumbai MANAGEMENT TEAM • Board of Directors • Leadership Team 35 35 Artist’s Impression www.prestigeconstructions.com
Slide 36: Board of Directors
Board of Directors Irfan Razack Dr. Rezwan Razack Noaman Razack Chairman and Managing Director Joint Managing Director Whole-time Director Uzma Irfan Dr. Pangal Ranganath Nayak Jagdeesh K. Reddy Noor Ahmed Jaffer Neelam Chhiber Director Independent Director Independent Director Independent Director
Slide 37: Leadership Team
Leadership Team Venkat K. Narayana Nawabzada Omer Bin Jung Anjum Jung Zackria Hashim Mohmed Zaid Sadiq CEO- Prestige Group Executive Director- Hospitality Executive Director- Executive Director- Land Acquisition Executive Director- Liaison and Hospitality Interior Designs Faiz Rezwan Zayd Noaman San
Slide 38: Leadership Team
Leadership Team V. Gopal Swaroop Anish Suresh Singaravelu Jagdeep Singh Marwaha Lt Col. Milan Khurana (Retd.) Executive Director- Projects and Executive Director- Executive Director- Retail, CEO- Prestige Office Ventures Executive Director- HR, IT Planning Business Development Hospitality and Busine
Slide 39: Thank You
PRESTIGE OCEAN PEARL Calicut For any queries, please contact, E: investors@prestigeconstructions.com Registered Office-No. 19, Brunton Road, (Off M.G Road) Bangalore 560 025 T: +91 -80 –25001 248 F: + 91 –80 -25591945 Website: www.prestigeconstructions.com Thank You Artist’s Impression www.prestigec
Slide 40: 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 41: Annexures
ANNEXURES 41 www.prestigeconstructions.com
Slide 42: Exit Rentals – Commercial
EXIT RENTALS – COMMERCIAL Rent P.A Total Leasable Economic Economic S.No. Project Name (Annualised) Area Interest (%) Interest (MnSf) (Rs Mn) 1 Prestige Logistic Centre 0.39 100 0.39 85 2 Prestige Polygon 0.34 100 0.34 352 3 West Palm Developers Pvt Ltd 0.32 61 0.20 211 4 SKN Commercial 0.13 100 0.1
Slide 43: Exit Rentals - Retail
EXIT RENTALS - RETAIL Total Economic Rent P.A Economic S.No. Project Name Leasable Interest (Annualised Interest (%) Area (MnSf) ) (Rs Mn) 1 UB City Retail 0.10 45 0.05 148 2 Prestige Mysore Central 0.08 65 0.05 23 3 Forum Rex Walk 0.16 34 0.05 103 4 Falcon City Forum Mall 0.95 66 0.62 974 5 REIT Un
Slide 44: Residential Projects Free Cashflows
RESIDENTIAL PROJECTS FREE CASHFLOWS Ongoing + Completed Projects Upcoming Projects Particulars Area in Mn Sft Value in ₹ Mn Particulars Area in Mn Sft Value in ₹ Mn Total Developable Area 76.65 Total Developable Area 76.49 Car Park Area 21.61 Car Park Area 19.45 Total Saleable Area 55.04 Total Salea