Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q4 FY2022 Earnings Presentation
38 slides from Prestige Estates Projects's earnings presentation, 2022
Slide 1: Investor Presentation Q4FY22 | FY2021-22
INVESTOR PRESENTATION Q4FY22 | FY2021-22 1 W W W . P R E S T I G E C O N S T R U C T I O N S . C O M
Slide 2: Presentation Index
PRESENTATION INDEX OPERATIONAL FINANCIAL SEGMENT ABOUT PRESTIGE HIGHLIGHTS HIGHLIGHTS REVIEW GROUP Sales | Collections | Revenue | Margins | Residential Track Record | Launches | Completions Debt Profile Office | Shopping Malls | Management Luxury Hotels | Property Management Services 2 W W W . P R
Slide 3: Operational Highlights Q4FY22
₹ 32,687 mn ₹ 24,610 mn Collections New Sales • Up 39% YoY • Up 77% YoY, • Prestige share- ₹21,479 mn • 4.85 mn sft, • Avg Realisation ₹7722/sf for Resi & Comm and ₹3132/sf for plotted Rental Income OPERATIONAL ₹1159 mn • Prestige share- ₹ 31,175 mn • Prestige Volume- 4.63 mn sft HIGHLIGHTS Q4FY22 5
Slide 4: Operational Highlights 12M FY22
₹ 1,03,822 mn ₹ 74,664 mn Record Sales Collections • Up by 47 % YoY • Up 90 % YoY • Prestige share- ₹ 57,692 mn • 15.07 mn sft, • Avg Realisation ₹7515/sf for Resi & Comm and ₹4211/sf for plotted Rental Income OPERATIONAL ₹ 4371 mn • Prestige share- ₹ 88,587 mn • Prestige Volume- 13.37 mn sft HIGHLI
Slide 5: Operational Performance
OPERATIONAL PERFORMANCE SALES (₹ Mn ) COLLECTIONS (₹ Mn ) LAUNCHES (Mn Sft) COMPLETIONS (Mn Sft) +77% +39% +6% 5x 32,687 24,610 4.74 5.01 4.96 17,676 18,504 Q4 FY22 1.04 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 Q4FY21 Q4FY22 2.76 Mn sft 4.85 Mn sft +90% +47% +42% 1,03,822 74,664 16.77 7x 14.26 50,7
Slide 6: Financial Highlights Q4FY22
FINANCIAL HIGHLIGHTS Q4FY22 23.65 % ₹ 24,896 mn ₹ 5,888 mn ₹ 9,453 mn EBITDA% REVENUE EBIDTA PAT 37.97 % PAT% W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 6
Slide 7: Financial Highlights 12M FY22
FINANCIAL HIGHLIGHTS 12M FY22 26.43 % ₹ 66,002 mn ₹ 17,442 mn ₹ 12,148 mn EBITDA% REVENUE EBIDTA PAT 18.41 % PAT% W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 7
Slide 8: Segment Review
SEGMENT REVIEW (₹ in Million) 12M 2021-22 Office Retail Hospitality Services Residential Others Total Revenue 1,834 536 1,866 5,977 50,322 3,360 63,895 EBITDA (excluding other income) 1,384 335 113 931 9,212 3,360 15,335 EBITDA % 75% 63% 6% 16% 18% 100% 24% Depreciation 522 107 1,121 100 375 2,485 4
Slide 9: Segment Review: Capital Employed
SEGMENT REVIEW Value in ₹ Mn CAPITAL EMPLOYED 12M 2021-22 Office Retail Hospitality Services Residential Others Total Equity A 31,285 10,180 20,723 498 28,260 - 90,946 Debt (including ongoing capex) B 11,261 2,829 9,705 - 32,197 - 55,992 Debt taken for ongoing capex project C 7,280 2,277 - - - - 9,5
Slide 10: Debt Profile
DEBT PROFILE 0.35 x Debt Equity Ratio ₹ 8899 Project debt - Residential & Commercial (16%) Office Space (Capex) ₹ 5018 (9%) ₹ 21944 (39%) ₹ 33,644 Mn Retail Net Debt Hospitality ₹ 9704 (17%) Rental Securitisation Loans ₹ 2291 (4%) ₹ 8,195 Project Receivable discounting loans 9.15% (15%) Average Borr
Slide 11: Segment Review
SEGMENT REVIEW W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 11
Slide 12: Scale of Operation - Summary
SCALE OF OPERATION - SUMMARY Completed Projects Ongoing Projects Upcoming Projects XX Numbers 133 29 31 114 13 12 12 2 4 9 1 5 103.23 36.46 7.56 3.67 2.79 23.03 4.75 59.76 19.94 AREA IN MN SFT AREA IN MN SFT AREA IN MN SFT AREA IN MN SFT 40.30 2.33 0.81 Residential Commercial Retail Hospitality W W
Slide 13: Residential
133 Completed Projects 103 Mn Sft 29 RESIDENTIAL 330000+ Ongoing Projects Happy Residents 40 Mn Sft 31 Upcoming Projects 60 Mn Sft W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 13
Slide 14: Residential Ongoing Projects
TDA in Mn Economic Prestige Share ONGOING S.No. 1 2 Project Prestige Elysian Prestige Fairfield City/State Bengaluru Bengaluru Sft 1.11 0.54 Interest (%) 31 27 (Mnsft) 0.34 0.15 PROJECTS - 4 5 3 Prestige Finsbury Park- Regent Prestige Finsbury Park- Hyde Prestige Jindal City Bengaluru Bengaluru Beng
Slide 15: Cash Flow from Ongoing & Completed Projects
₹ 82,756 Mn+ CASH FLOW FROM ONGOING & COMPLETED PROJECTS.. Particulars Area in Mn Sft Value in ₹ Mn % Total Developable Area 80.40 Car Park Area 20.99 Total Saleable Area 59.40 PG area share 47.97 Estimated Value 3,36,192 Sold 37.52 2,58,355 78 Collections 1,76,552 Balance to collect 81,803 Stock 10
Slide 16: Inventory Breakup
INVENTORY BREAKUP ₹ 12,931 mn ₹ 11,300 mn (16%) Ongoing - Premium & Luxury Projects (15%) 1.41 Mn sqft 0.54 Mn sqft (Ticket price >2.5cr) Ongoing - Mid Income Projects ₹12,479 mn Total (16%) ₹ 77,836 Mn 1.87 Mn sqft 10.448 Mn sqft Commercial Projects ₹ 41,126 mn (53%) 6.6 Mn sqft Completed Projects
Slide 17: Residential Upcoming Projects
Economic Prestige Share UPCOMING S.No. Project State/City TDA in Mn Sft Interest (Mnsft) 1 Prestige Glenbrook Bengaluru 0.56 100 0.56 2 Prestige Maple Heights Bengaluru 0.28 65 0.18 PROJECTS - 3 Prestige Misty Waters- Phase III Bengaluru 0.40 62 0.25 4 Prestige Roshanara Bengaluru 0.23 100 0.23 5 Th
Slide 18: Cash Flow from Upcoming Projects
₹ 1,24,418 Mn+ CASH FLOW FROM UPCOMING PROJECTS Particulars Area in Mn Sft Value in ₹ Mn Total Developable Area 59.76 Car Park Area 11.59 Total Saleable Area 48.18 PG area share 36.24 Estimated Value-A 3,39,703 Cost of Development 2,34,870 Cost Incurred 18,441 Balance to spend-B 2,16,429 RD Paid-C 1
Slide 19: Commercial
114 Completed Projects 36 Mn Sft 13 ₹ 1420 Mn COMMERCIAL Ongoing Projects Exit Rentals p.a 20 Mn Sft 12 Upcoming Projects 23 Mn Sft W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 19
Slide 20: Exit Rental - Commercial
EXIT RENTAL - COMMERCIAL Leasable Area Economic Prestige Share Rent P.A S.No. Project Name (in mn sft) Interest (%) (in mn sft) (₹ Mn) 1 Prestige Logistic Centre 0.39 100.00 0.39 85 2 Prestige Polygon 0.34 100.00 0.34 352 3 West Palm Developers Pvt Ltd 0.32 61.00 0.20 101 4 SKN Commercial 0.13 100.0
Slide 21: Office Rental Potential
OFFICE RENTAL POTENTIAL OPERATING ONGOING UPCOMING TOTAL GLA (mn sft) 3.18 9.20 17.82 30.19 Economic Interest (mn sft) 2.65 5.32 10.50 18.47 Rentals p.a. ₹ 1,799 9,612 36,137 47,548 Prestige Share ₹ 1,420 5,264 19,223 25,907 21 W W W . P R E S T I G E C O N S T R U C T I O N S . C O M
Slide 22: Ongoing Projects - Commercial
ONGOING PROJECTS - COMMERCIAL ~ 20 MN sft TDA TDA in Mn Economic Prestige Share S.No. Project State/City Sft Interest (%) (Mn sft) 1 Prestige Tech Cloud Bengaluru 4.65 86 4.00 2 Prestige Tech Park IV (Adobe) Bengaluru 0.59 100 0.59 3 Prestige Minsk Square Bengaluru 0.58 55 0.32 4 Prestige Tech Hub B
Slide 23: Upcoming Projects - Commercial
UPCOMING PROJECTS - COMMERCIAL ~ 23 MN sft TDA TDA Economic Prestige Share S.No. Project State/City in Mn Sft Interest (%) (Mnsft) 1 Prestige Capital Square Bengaluru 0.17 65 0.11 2 Prestige Tech Forest Bengaluru 3.71 68 2.52 3 Prestoge Techzone Bengaluru 1.78 67 1.19 4 Prestige Waterfront Bengaluru
Slide 24: Retail
12 Completed Projects 8 Mn Sft ₹ 788 Mn 2 RETAIL Exit Rentals p.a Ongoing Projects ₹ 1349 Mn 2 Mn Sft Incremental Rentals p.a 4 Upcoming Projects 5 Mn Sft W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 24
Slide 25: Exit Rental - Retail
EXIT RENTAL - RETAIL S. Project Leasable Interest Prestige Rent P.A. No. Area (Mn Sft) (%) Share (Mn Sft) (₹ Mn) 1 Forum Sujana Mall Hyderabad 0.81 15.00 0.12 149 2 Forum Fiza Mall 0.66 10.20 0.07 31 3 Forum Vijaya Mall 0.64 7.50 0.05 62 4 Forum Mall Shantiniketan 0.64 9.74 0.06 58 5 Forum Celebrati
Slide 26: Incremental Rentals and Rental Potential - Retail
INCREMENTAL RENTALS - RETAIL Leasable Area Economic Prestige Share Rent P.A. Project Name (mn sft) Interest (%) (mn sft) (Value in ₹ Mn) Falcon City Forum Mall 0.95 66% 0.63 902 Forum Thomsun 0.68 50% 0.34 446 Incremental rental 1.63 0.96 1,349 RENTAL POTENTIAL - RETAIL OPERATING ONGOING UPCOMING TO
Slide 27: Ongoing and Upcoming Projects - Retail
ONGOING PROJECTS - RETAIL TDA Economic Prestige Share S.No. Project State/City in Mn Sft Interest (%) (Mn sft) 1 Falcon City Forum Mall Bengaluru 0.98 51 0.50 Falcon City Forum Mall Bengaluru 0.29 100 0.29 2 Forum Thomsun Kochi 1.06 50 0.53 Total 2.33 1.32 UPCOMING PROJECTS - RETAIL TDA Economic Pre
Slide 28: Hospitality
9 Completed Projects 4 Mn Sft 1 1368 HOSPITALITY Ongoing Project Operational Keys 3 Mn Sft 5 Upcoming Projects 0.8 Mn Sft W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 28
Slide 29: Ongoing and Upcoming Projects - Hotels
ONGOING PROJECTS - HOTELS TDA in Economic Prestige Share Project State/City Mn Sft Interest (Mn sft) DIAL Delhi 2.79 50 % 1.39 UPCOMING PROJECTS - HOTELS Prestige TDA Economic Share (Mn S.No. Project State/City in Mn Sft Interest (%) sft) Prestige Hillside Retreat- Tribute 1 Portfolio Bengaluru 0.12
Slide 30: Hospitality - Potential
HOSPITALITY - POTENTIAL UNDER OPERATING CONSTRUCTION UPCOMING TOTAL Total Keys 1,368 779 495 2,642 Economic Interest 1,211 390 442 2,042 Total Revenue p.a. ₹ 5,697 3,284 813 9,794 Economic Interest ₹ 5,155 1,642 725 7,522 30 W W W . P R E S T I G E C O N S T R U C T I O N S . C O M
Slide 31: Land Bank
LAND BANK S.No. Entity Name Location Land Area (Acres) Economic Interest Prestige Share (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi,Bengaluru 143 100% 143 2 Eden Investments Goa 74 78% 58 3 Prestige Estates Projects Ltd Zenith, Perumbakam/Chennai 20 66% 13 4 The QS Company Padil Mangalore 17 1
Slide 32: Property Management
194 Projects under maintenance 107 Mn Sft 98 ₹10,000 Mn+ Projects in the pipeline PROPERTY Future Potential 153 Mn Sft MANAGEMENT ₹ 4800 Mn Gross Revenue W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 32
Slide 33: About Prestige
ABOUT PRESTIGE 35+ years of CRSISIL DA 1 Legacy rating ICRA A+ Presence in rating 12 cities W W W . P R E S T I G E C O N S T R U C T I O N S . C O M 33
Slide 34: Board
BOARD Irfan Razack Dr. Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Whole-time Director Whole-time Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Neelam Chhiber Independent Director Independent Director Independent Di
Slide 35: 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 36: Executive Management
EXECUTIVE MANAGEMENT Arvind Pai Suresh Singaravelu Swaroop Anish V. Gopal Executive Director- Legal Executive Director- Retail, Executive Director- Business Executive Director- Hospitality Development Projects & Planning Jagdeep Singh Marwaha Lt. Col. Milan Khurana (Retd.) Tariq Ahmed Amit Mor CEO –
Slide 37: 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 38: Thank You
THANK YOU 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.prestigeconstructions.com 38
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