Puravankara Limited · NSE:PURVA
Puravankara — Q2 FY2019 Earnings Presentation
43 slides from Puravankara's earnings presentation, September 2018
Slide 1: Puravankara Limited
Purva Venezia, Bengaluru Puravankara Limited September 2018
Slide 2: Contents
Contents ▪ Company Overview 3-4 ▪ Development Bank 5-7 ▪ Area information 8 - 10 ▪ Sales 11 - 13 ▪ Cash Flows 14 - 16 ▪ Income Statement 17 – 19 ▪ Balance Sheet 20 - 21 ▪ Debt 22 - 23 ▪ Shareholding Pattern and Stock Performance 24 - 26 ▪ Select Project Pictures 27 - 32 ▪ Appendix 1 : Project Status
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview ❖ One of India's leading real estate developers 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 a developer of repute ❖ Completed 67 resid
Slide 5: Development Bank
PURAVANKARA Development Bank
Slide 6: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development Land portfolio in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 26.96 10.51 44.94 55.45 Chennai 6.26 1.64 11.71 13.35 Hyderabad 0.59 2.35 - 2.35 Kochi 1.89 3.43 4.21 7.64 Others 0.81 1.00 1.01 2.
Slide 7: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 57% of Provident is the new growth engine, with a growing the share of ongoing and proposed launches* share of ongoing projects and proposed launches* 1% New Launches 4% New Launches 26% 31% 15% 37% Ongoing 47% Ongoing 47% 15% 53% 4% 11
Slide 8: Area
PURAVANKARA Area
Slide 9: Area Under Development: Sales Driven, Execution Focused
Area Under Development: Sales Driven, Execution Focused in million sq. ft. (numbers in million sq. ft.) FY16 FY17 FY18 H1FY19 Opening Area 24.01 23.64 24.92 20.82 Add: Launches/Revisions during the period 1 2.46 4.77 1.96 2.06 Less: Completed during the period 2 (2.83) (3.49) (6.06) (0.57) Closing A
Slide 10: Immediate Launches
Immediate Launches Sr NO Location/ Project City Development Model Development Developable Area PPL Share in Saleable Expected launch date Name Type JD* ares(msft) Puravankara 1 Kanakapura Bengaluru Joint Development Commercial 0.70 70% 0.49 Q3FY19 2 Thanisandra Bengaluru Joint Development Residentia
Slide 11: Sales
PURAVANKARA Sales 11
Slide 12: Sales – Q2 FY19, Ending 30th Sept 2018
Sales – Q2 FY19, Ending 30th Sept 2018 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-18 Sep-17 % Sep-18 Sep-17 % Sep-18 Sep-17 % Sep-18 Sep-17 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.25 0.53 -53% 173 357 -52% 149 350 -57% 6,022 6
Slide 13: Sales – H1 FY19, Ending 30th Sept 2018
Sales – H1 FY19, Ending 30th Sept 2018 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-18 Sep-17 % Sep-18 Sep-17 % Sep-18 Sep-17 % Sep-18 Sep-17 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.51 0.93 -45% 335 622 -46% 344 588 -41% 6,760 6
Slide 14: Cash Flows
PURAVANKARA Cash Flows 14
Slide 15: Potential Cash Flow from completed and ongoing projects
Potential Cash Flow from completed and ongoing projects Rs. crores Puravankara Provident Total Balance collections from sold units 1 (A) 911 1,028 1,939 Value of Inventory open for sale 2 (B) 2,289 1,144 3,432 Balance cost to go 3 (C) 886 840 1,726 Surplus (A) + (B) – (C) (D) 2,314 1,332 3,646 Surpl
Slide 16: Cash Flow Statement
Cash Flow Statement Rs. crores Cash Flow Statement Q1 2019 Q2 2019 H1 FY 19 A Operating Inflows 333.3 386.2 719.5 B Operating Outflows (274.7) (314.2) (588.9) C=A-B Operating Surplus 58.7 72.0 130.6 Less Interest Cost( Net ) (64.2) (74.4) (138.5) Income Tax Paid (2.2) (1.3) (3.5) D Operating Surplus
Slide 17: Income Statement
PURAVANKARA Income Statement 17
Slide 18: Consolidated Statement of Profit & Loss for the quarter ended 30 September 2018
Consolidated Statement of Profit & Loss for the quarter ended 30 September 2018 Rs. crores Q2FY19 Q1FY19 Q2FY18 Particulars Unaudited Unaudited Unaudited FY18 Audited Income from operations Revenue from projects 477.19 382.02 348.36 1,414.90 Other Income 22.09 12.68 23.17 90.04 Total Income from ope
Slide 19: Consolidated Statement of Profit & Loss for the Half Year ended 30 September 2018
Consolidated Statement of Profit & Loss for the Half Year ended 30 September 2018 Rs. crores Particulars H1FY19 Unaudited H1FY18 Unaudited Income from operations Revenue from projects 859.21 686.85 Other Income 34.77 39.94 Total Income from operations 893.98 726.79 Expenses Material cost 167.74 303.
Slide 20: Balance Sheet
PURAVANKARA Balance Sheet 20
Slide 21: Consolidated Balance Sheet as of 30 September 2018
Consolidated Balance Sheet as of 30 September 2018 Rs. crores H1FY19 March 2018 H1FY19 March 2018 Equity and Liabilities Assets Unaudited Audited Unaudited Audited Shareholders' Funds Non-Current Assets Equity Share Capital 119 119 (a) Property, plant and equipment 53 58 Other Equity 1,664 2,275 (b)
Slide 22: Debt
PURAVANKARA Debt 22
Slide 23: Debt Structure – As of 30 September 2018
Debt Structure – As of 30 September 2018 in Rs. Cr Q2FY19 Q1FY19 FY18 FY17 Opening Balance 2,438 2,399 2,075 2,445 Additions during the period 362 123 810 999 Repayments during the period 158 83 486 1,305 Debt Outstanding 2,642 2,438 2,399 2,139 Less: Cash and Cash Equivalents 185 137 152 137 Net de
Slide 24: Shareholding Pattern and Stock Performance
Shareholding Pattern and Stock Performance 24
Slide 25: Shareholding Pattern – as on 30 September 2018
Shareholding Pattern – as on 30 September 2018 Others DIIs 8% 1% FPIs 16% Promoters 75% Key Shareholders Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate GHI Life Insurance Corporation College Retirement Equities Fund General Insurance Corporation Atyant Capital 25
Slide 26: Stock Performance
Stock Performance Relative to BSE Realty Index and Sensex during September 30, 2017 to September 30, 2018 250 200 150 100 50 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Puravankara Sensex BSE Realty As on 30 September 2018 30-Sep-18 30-Sep-17 Price on B
Slide 27: Select Project Pictures
PURAVANKARA Select Project Pictures 27
Slide 28: Actual Project Pictures
PURAVANKARA Actual Project Pictures a AMAITI
Slide 29: Actual Project Pictures
PURAVANKARA Actual Project Pictures a . * a w e w © . r a w 7" ny LEE Al Seataeeuaas
Slide 30: Actual Project Pictures
PURAVANKARA Actual Project Pictures ily BEEBE! 444444444 1a
Slide 31: Actual Project Pictures
PURAVANKARA Actual Project Pictures | Mca
Slide 32: Actual Project Pictures
PURAVANKARA PROVIDENT Sunworth Addie! Lee cEEEEEE BD Allcckclckelek * CEESEER ANS. FE ria Pre 4 a eS FEEEEEEE Ca a wr rrr i rt H | = tn a a Actual Project Pictures FrERERESR 32
Slide 33: Appendix 1: Project Status
Appendix 1 : Project Status 33
Slide 34: Current Project Status – As of September 2018
Current Project Status – As of 30 September 2018 On Area Launched Developable JD / JV Share Puravankara's Share S.No. Project Location Total Flats Area for Developer - Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara
Slide 35: Current Project Status – As of September 2018 (contd.)
Current Project Status – As of 30 September 2018 – (contd.) On Area Launched Developable JD / JV Share Puravankara's Share S.No. Project Location Total Flats Area for Developer - Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONST
Slide 36: Appendix 2: Corporate Information
Appendix 2 : Corporate Information 36
Slide 37: Premium Affordable housing through Brand Provident
Premium Affordable housing through Brand Provident ❖ Provident Housing completed 10 years in 2018, living up to its genesis story of providing premium quality homes at affordable housing ❖ Affordability is a combination of – Efficient design improving effective utilization of space – Lower cost of c
Slide 38: Dedicated management team with collective experience of almost 200 years
Dedicated management team with collective experience of almost 200 years-committed to best practices of corporate governance Executive team Non-Executive team Ravi Puravankara R.V.S. Rao Chairman Independent Director • Over 43 years of experience in real estate industry • Bachelor’s degree in Commer
Slide 39: Media & Capital Market Recognition
Media & Capital Market Recognition @ Puravankara #Proptech - Innovative initiative with a dosage of technology to take customer experience a notch up 39
Slide 40: Awards and achievements
Awards and achievements Awards for Puravankara Limited ❖ South India’s Real Estate Leadership Awards for the Best Commercial Property of the Year – Purva Summit ❖ South India’s Real Estate Leadership Awards for the Best Residential Property of the Year - Purva Westend ❖ South India’s Real Estate Lea
Slide 41: Awards and achievements
Awards and achievements Awards for Provident Housing Limited ❖ South India’s Real Estate Leadership Awards for the Best Affordable Housing Project of the Year (WEST) – Adora De Goa by Provident ❖ 10th Realty Plus Awards - West Region for the Best Affordable Housing Project of the Year – Adora De Go
Slide 42: 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 ris
Slide 43: 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. Kuldeep Chawla, Chief Financial Officer Email: kuldip@puravankara.com; Tel: +91-80-434