Puravankara Limited · NSE:PURVA
Puravankara — Puravankara Projects — Q4 FY2015 Earnings Presentation
51 slides from Puravankara's earnings presentation, March 2015
Slide 1: Puravankara Projects Limited
Purva Venezia, Bengaluru Puravankara Projects Limited March 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 • Project P
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. (msft) Completed Ongoing Upcoming Land Assets Total (A) (B) (C) (A)+(B)+(C) Bengaluru 19.40 14.63 10.19 39.58 64.40 Chennai 2.27 5.79 3.24 4.66 13.69 Kolkata 0.70 0.00 0.00 0.00 0.00 Koch
Slide 8: Ongoing and Upcoming Development
Ongoing and Upcoming Development By geography By entity By segment Upcoming 10% Upcoming 14% 7% Upcoming 2% ongoing 10% ongoing 4% 2% ongoing 31% 1% 45% 39% 24% 61% 61% 96% 14% 86% 93% Bengaluru Chennai Kochi Puravankara Provident Residential Commercial Coimbatore Hyderabad Mangalore Ongoing Upcomin
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.) FY11 FY12 FY13 FY14 FY15 Opening Area 16.35 21.12 23.74 28.04 28.43 Add: Launches during the period 1 7.32 5.80 7.28 4.26 1.12 Less: Completed during the period 2 (2.55) (3.18) (2.98) (3.87) (3.31) Less : Exit from K
Slide 12: Current Project Status – 31 March 2015
Current Project Status – 31 March 2015 S.No. Project Location Developa Total JD / JV Puravanka On Area Launched ble Area Flats Share ra's Share for - Develop Developabl Area Sold Cumulative Inventory er e Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Vene
Slide 13: Current Project Status – 31 March 2015 – (contd.)
Current Project Status – 31 March 2015 – (contd.) S.No. Project Location Developa Total JD / JV Puravanka On Area Launched ble Area Flats Share ra's Share for - Develop Developabl Area Sold Cumulative Inventory er e Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTIO
Slide 14: Current Project Status – 31 March 2015 – (contd.)
Current Project Status – 31 March 2015 – (contd.) S.No. Project Location Developa Total JD / JV Puravanka On Area Launched ble Area Flats Share ra's Share for - Develo Developab Area Sold Cumulative Inventory per le Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES TO BE LAUN
Slide 15: Geographic break up of Inventory Status
Geographic break up of Inventory Status Ready to move in Inventory - Total Ready to move in Inventory - By Entity Kochi 0.49 msft; 262 units Puravankara 1.35 msft; 700 units Bengaluru 1.10 msft; 776 units Chennai Provident 0.66 msft; 527 0.90 msft; 865 units units 1. Notes: Charts based on area in m
Slide 16: Immediate Launches - Schedule
Immediate Launches - Schedule PPL Development Development Developable Saleable Expected S. No Location City Share in Type Area Area Launch Date Model JD Msft Msft Puravankara 1 Mallasandra II Bengaluru Own Residential 2.01 100% 2.01 Q2 FY16 2 Kanakapura Bengaluru Own Residential 0.69 100% 0.69 Q3 FY
Slide 17: Sales
PURAVANKARA Sales 17
Slide 18: Sales – Q4, March 2015
Sales – Q4, 31 March 2015 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Mar-15 Mar-14 % Mar-15 Mar-14 % Mar-15 Mar-14 % Mar-15* Mar-14 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 0.10 0.92 -89% 213 632 -66% 69 477 -86% 6,031 5,157 17% Co
Slide 19: Sales – Year Ended 31st March 2015
Sales –Year Ended 31st March 2015 Based on Bookings Full Year ended Area Sold Units Sold Sale Value Sale Realization Mar-15 Mar-14 % Mar-15 Mar-14 % Mar-15 Mar-14 % Mar-15 Mar-14 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 2.07 2.52 -18% 1,586 1,686 -6% 1,146 1,227 -7% 5,
Slide 20: Sales Breakup
Sales Breakup FY15 By Entity FY15 By Geography Mangalore Kochi 1%; 0.04 msft 3%; 0.09 msft Hyderabad 4%; 0.10 msft Provident Coimbatore 30%; 0.87 msft 5%; 0.15 msft Chennai 16%; 0.47 msft Bengaluru 71%; 2.08 msft Puravankara 70%; 2.07 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) 1,265 402 1,667 Inventory 2 (B) 4,915 2,343 7,258 Residential 4,412 2,343 6,755 Launched 2,901 1,015 3,916 Not Launched 1,511 1,328 2,839 Commercial 503 - 503 Balance cost to go 3 (C) 1,969 1,398 3,3
Slide 23: Cash Flow Statement
Cash Flow Statement Rs. crores Q1 FY 15 Q2 FY 15 Q3 FY 15 Q4 FY 15 FY 2015 FY 2014 Receipts Collection from Sale of Flats 293.89 355.85 366.77 446.44 1,462.95 1,283.76 Advance recd for sale of land 161.56 - - - 161.56 15.82 Equity Redemption and Dividend from Associates - 38.74 - - 38.74 40.79 A Tot
Slide 24: Cash Flow Statement (Contd)
Cash Flow Statement (Contd) Rs. crores Q1 FY 15 Q2 FY 15 Q3 FY15 Q4 FY 15 FY 2015 FY 2014 D Operating Surplus 45.34 20.72 (75.98) 63.80 53.89 (119.70) Investment Activity Purchase of Fixed Assets (3.54) (15.70) (10.25) (5.06) (34.55) (13.96) Investment in Subsidiaries/Associates (3.78) - 3.78 - - In
Slide 25: Income Statement Analysis
Income Statement Analysis 25
Slide 26: Income Statement – Summary
Income Statement – Summary Rs. Crores Recognised in FY2015 (from projects) Puravankara Provident Purva Star Others Total Revenue Recognised 1 (A) 1,191 350 87 31 1,659 Land Cost Recognized (B) 248 14 39 2 304 Construction Costs Recognised 2 (C) 701 253 - (15) 940 Surplus (A) – (B) – (C) 241 83 48 44
Slide 27: Result Highlights
Result Highlights Rs. crores Q4FY15 Puravankara Provident Starworth Other Subsidiaries and Eliminations Consolidated Total Revenues 300 89 59 -40 409 YoY growth (%) 4% 35% 23% 9% Profit Before Tax 9 11 -2 12 30 margins (%) 3% 11% -3% 7% Profit After Tax 8 6 -1 6 20 margins (%) 3% 7% -2% 5% FY 15 Pur
Slide 28: Consolidated Statement of Profit and Loss for the quarter ended 31 March 2015
Consolidated Statement of Profit and Loss for the quarter ended 31 March 2015 Rs. crores Q4FY15 Q4FY14 Q3FY15 Income Revenue from operations Revenue from projects 406 371 375 Other operating revenues 3 4 4 Other income 0 0 1 Total 409 375 379 Expenses Material and contract cost 238 185 224 Land cost
Slide 29: Consolidated Statement of Profit and Loss for the Year ended 2015
Consolidated Statement of Profit and Loss for the Year ended 2015 Rs. crores FY15 FY14 Income Revenue from operations Revenue from projects 1664 1,298 Other operating revenues 14 12 Other income 13 3 Total 1691 1,313 Expenses Material and contract cost 889 642 Land cost 169 470 Decrease/(increase) i
Slide 30: Key Financial Indicators
Key Financial Indicators Valuation Matrix (X) FY 2015 FY 2014 FY 2013 FY 2012 Income Statement (INR crs) FY 2015 FY 2014 FY 2013 FY 2012 Price/Earnings 11.09 9.95 7.97 10.71 Total Income 1691 1,313 1,248 816 Price /BV 0.65 0.74 1.02 0.86 EBITDA from Operations 408 480 595 397 EV/Sales 1.79 2.39 2.80
Slide 31: Balance Sheet and Statement of Capital Employed
Balance Sheet and Statement of Capital Employed 31
Slide 32: Balance Sheet as of 31 March 2015
Balance Sheet as of 31 March 2015 Rs. crores March March March March Equity and Liabilities Assets 2015 2014 2015 2014 Shareholders' Funds Non-Current Assets Share capital 119 119 Fixed assets 124 92 Reserves and surplus 2,142 2,055 Non-current investments 69 71 2,261 2,174 Properties held for devel
Slide 33: Statement of Capital Employed
Statement of Capital Employed Rs. crores 31-Mar-15 31-Mar-14 Sources of Funds Equity 119 119 Reserves and Surplus 2,142 2,261 56% 2,055 2,173 56% Total Debt 1,780 44% 1,695 44% Total 4,040 100% 3,868 100% Application of Funds Land Investments 69 91 Properties held for development 757 743 Advances fo
Slide 34: Debt
PURAVANKARA Debt 34
Slide 35: Debt Structure – March 2015
Debt Structure – March 2015 Others, 29.57 , 2% Term Loans/Construction Finance by Subsidiaries at interest rate of 13.05, 309 , 17% Over Drafts at interest rate of 14.14, 63 , 4% Term Loans/Construction Finance at interest rate of 12.77, 1,378 , 77% in Rs. Cr Q4FY15 Q3-FY15 Q2-FY15 FY 2014 FY 2013 O
Slide 36: Shareholding Pattern
PURAVANKARA Shareholding Pattern 36
Slide 37: Shareholding Pattern – as on 31 March 2015
Shareholding Pattern – as on 31 March 2015 Individuals and Others DIIs 7% 1% Mutual Funds 7% FIIs 10% Promoters 75% Notes Promoter Shares are unencumbered Key Shareholders Mutual Funds FIIs Insurance and Bodies Corporate Reliance AMC HSBC Life Insurance Corporation Axis Mutual Fund College Retiremen
Slide 38: Stock Movement
Stock Movement Relative to BSE Realty Index and Sensex during March 31 , 2014 to March 31, 2015 200 180 160 140 120 100 80 60 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Puravankara Sensex BSE Realty As on 31st March 2015 31-Mar-15 31-Mar-14 31-Mar-13 P
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 and Managing Director Anup Shah • Over 40 years of experience in real estate industry Independent Director • Former president of the Internation
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 = = By Project Pictures . v x a F By | —) Sail ~—_PURVA MENGZIA
Slide 46: Project Pictures
Project Pictures 46
Slide 47: Project Pictures
PURAVANKARA Project Pictures 1o) < = PROVIDENT
Slide 48: Project Pictures
PURAVANKARA Project Pictures PURVA ATRIA ms Luxury Apartment
Slide 49: Awards and achievements
Awards and achievements Awards for Puravankara projects Purva Fountain Square Best Ornamental Garden, 2013 by the Mysore Horticulture Society Luxury Project of the Year at Realty Excellence Awards, 2011 Purva Windermere - Most Admired Upcoming Project of the Year, 2013 at Real Estate Awards for Reta
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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