Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q4 FY2020 Earnings Presentation
99 slides from Phoenix Mills's earnings presentation, Jun 29, 2020
Slide 1: Cover letter to stock exchanges
�t� 1HE PHOENIX ,.- MILLS LIMITED Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel : (022) 3001 6600 Fax: (022) 3001 6601 CIN No.: L17100MH1905PLC000200 June 29, 2020 BSE Limited National Stock Exchange of India Limited Phi
Slide 2: Investor Presentation Q4 & FY2020 Results
Investor Presentation Q4 & FY2020 Results High Street Phoenix, Mumbai Phoenix Marketcity Bangalore Highs Street Phoenix, Mumbai
Slide 3: Key Operational Metrics – Retail Portfolio
Key Operational Metrics – Retail Portfolio GLA across 8 Operational GLA of RETAIL malls in 6 major 5.8 ~6 msf under-development & cities under-planning RETAIL msf Leased Occupancy EBITDA Margin >100% in Retail Malls Across HSP and Marketcity ~98% Malls Rental CAGR Consumption CAGR 12% During FY14-FY
Slide 4: Key Operational Metrics
Key Operational Metrics Commercial Hospitality Residential Operational Office Spaces GLA The St. Regis, Mumbai Total Saleable Area 1.33 msf 395 keys 3.97 msf Under-development & Under- Courtyard by Marriot, Agra Completed Area (OC Received) planning Offices GLA 4.98 msf 193 keys 3.07 msf Adding Grad
Slide 5: Presence Across Key Gateway Cities in India
Presence Across Key Gateway Cities in India 4
Slide 6: PML Growth Story
PML Growth Story Segments FY 20 FY 24 Retail 5.96 msf 2x 11.71 msf Commercial 1.33 msf ~5x 6.31 msf Hospitality 593 keys 593 keys Residential 3.97 msf 3.97 msf 5
Slide 7: Business Update
Business Update Financial Results Business Performance Annexure
Slide 8: Deep Cleaning & Sanitisation of the entire Mall
Deep Cleaning & Sanitisation of the entire Mall Regular deep cleaning and sanitisation of common area and customer touchpoints 7
Slide 9: Implementing highest standard of Customer Safety
Implementing highest standard of Customer Safety Customer Testimonial: https://rb.gy/zl4g5l Deep Sanitisation across Mall: https://bit.ly/3eL5EBf 8
Slide 10: Welcoming our Consumers Back
Welcoming our Consumers Back Aarogya Setu App Wearing Masks Mandatory Quarantine Stamp Check Temperature Checks Download Mandatory 9
Slide 11: Welcoming our Consumers Back
Welcoming our Consumers Back Adherence to Floor Social Distancing while Digital/Contactless Payments Sanitizers across Multiple Queue Marking Shopping Encouraged Locations 10
Slide 12: Welcoming our Consumers Back
Welcoming our Consumers Back Customers following strict social distancing guidelines 11
Slide 13: Contactless orders at Food Court
Contactless orders at Food Court
Slide 14: Operational mall area since re-opening from June 08, 2020
Operational mall area since re-opening from June 08,2020 Operational Operational Permissible Asset Total GLA GLA on GLA (%)* on GLA 27th June 27th June Phoenix Marketcity 1.0 msf 0.83 msf 0.67 msf 82%^ Bangalore (295 Stores) (273 Stores) (204) Phoenix United 0.23 msf 0.33 msf (127) 0.27 msf (102) 85
Slide 15: Phoenix Marketcity Bangalore – On path to normalcy
Phoenix Marketcity Bangalore – On path to normalcy Avg Daily Consumption (Rs Mn) Avg Daily Footfall Avg spend / footfall WoW Growth: 10% 7.1 WoW Growth: 11% 6.3 4,638 1,831 5.8 4,390 4,187 1,340 1,341 Week 1 Week 2 Week 3* Week 1 Week 2 Week 3* Week 1 Week 2 Week 3* Avg Daily Consumption vs Jun 2019
Slide 16: Phoenix Marketcity Bangalore – Consumption trend vs June 2019
Phoenix Marketcity Bangalore – Consumption trend vs June 2019* 83% 53% 45% Electronics Watches & Fashion Accessories Home Accessories 20% 14% 34% Fashion Footwear, Bags & Accessories Cosmetic, Salon& Optics Categories (%) reflects consumption till date in June 2020 divide by consumption during same
Slide 17: Phoenix United Lucknow – Steady performance after strong re-opening
Phoenix United Lucknow – Steady performance after strong re-opening Avg Daily Consumption (Rs Mn) Avg Daily Footfall Avg spend / footfall WoW Growth: -7% 3,021 3,165 3,224 1,367 4.1 1,103 3.4 3.5 1,071 Week 1 Week 2 Week 3* Week 1 Week 2 Week 3* Week 1 Week 2 Week 3* Avg Daily Consumption vs Jun 201
Slide 18: Phoenix United Lucknow – Consumption trend vs June 2019
Phoenix United Lucknow – Consumption trend vs June, 2019* 240% 78% 34% Electronics Hypermarkets Fashion 62% 22% 170% Watches & Fashion Accessories Footwear, Bags & Accessories Cosmetic, Salon& Optics Categories (%) reflects consumption till date in June, 2020 divide by average daily consumption in J
Slide 19: Phoenix United Bareilly – On path to normalcy
Phoenix United Bareilly – On path to normalcy Avg Daily Consumption (Rs Mn) Avg Daily Footfall Avg. spend / footfall WoW Growth: 3% WoW Growth: 20% 3,496 3,222 888 2.1 2.2 1.8 2,427 629 573 Week 1 Week 2 Week 3* Week 1 Week 2 Week 3* Week 1 Week 2 Week 3* Avg. Daily Consumption vs Jun 2019 (%)* Avg.
Slide 20: Phoenix United Bareilly – Consumption trend vs June 2019
Phoenix United Bareilly – Consumption trend vs June, 2019* 23% 27% 40% Electronics Hypermarkets Fashion 160% 45% 18% Watches & Fashion Accessories Footwear, Bags & Accessories Cosmetic, Salon& Optics Categories (%) reflects consumption till date in June, 2020 divide by average daily consumption in J
Slide 21: Financial Results
Business Update Financial Results Business Performance Annexure
Slide 22: Q4 & FY2020 Standalone P&L
Q4 & FY2020 Standalone P&L Q4 Q4 YoY % YoY % (Rs. mn) FY2020 FY2019 FY20 FY19 Change Change Income from operations 982 1,104 -11% 4,444 4,403 1% FY2020 EBITDA Rs. 2,592 mn EBITDA 563 661 -15% 2,592 2,686 -4% EBITDA Margin (%) 57% 60% 58% 61% FY2020 PAT Profit Before Tax and 266 473 -44% 1,796 2,093
Slide 23: Standalone Balance Sheet
Standalone Balance Sheet As on March 31, As on March 31, (Rs. mn) (Rs. mn) 2020 2020 Share capital 307 Non-current assets 37,130 Reserves and surplus 28,174 Tangible assets + intangible assets 6,758 Sub-Total 28,481 Capital work in progress 1,146 Minority interest 0 Non-current investments 27,102 No
Slide 24: Q4 & FY2020 Consolidated P&L
Q4 & FY2020 Consolidated P&L YoY % YoY % (Rs. mn) Q4 FY20 Q4 FY19 FY2020 FY2019 Change Change Income from 3,992 7,233 -45% 19,411 19,816 -2% operations Retail 2,705 2,908 -7% 11,993 11,551 4% FY20 EBITDA Residential 130 3,072 -96% 2,794 3,795 -26% Rs. 9,671 mn Commercial 290 244 19% 1,138 881 29% Ho
Slide 25: Consolidated Balance Sheet
Consolidated Balance Sheet As on March 31, As on March 31, (Rs. mn) (Rs. mn) 2020 2020 Share capital 307 Non-current assets 88,111 Reserves and surplus 36,777 Tangible assets 60,795 Intangible Assets (including Goodwill) 3,732 Sub-Total 37,084 Capital work in progress 15,341 Minority interest 12,788
Slide 26: Business-wise Consolidated P&L breakup – FY20
Business-wise Consolidated P&L breakup – FY20 FY2020 Core Portfolio PAT Rs. 2,856 Particulars FY2020 FY2019 FY2020 mn Core Portfolio PAT (Rs. mn) 2,856 3,222 Consolidated Residential PAT PAT (Rs. mn) 491 988 Consol PAT Rs. 3,347mn FY2020 (Rs. mn) 3,347 4,210 Note: Core Portfolio = Retail Malls + Com
Slide 27: Debt Profile as on 31st March 2020
Debt Profile as on 31st March 2020 ➢ Average cost of borrowing down to 8.93% Effective cost of debt (%) in Q4FY20 from 9.29% in Q3FY20 13.0% 12.3% ➢ 86% of Debt is long-term. Debt on the 12.5% 11.8% operational portfolio is primarily lease- 12.0% 11.5% 11.0% rental discounting for retail and commerc
Slide 28: Stable Debt across Operating Assets
Stable Debt across Operating Assets Debt on Operational portfolio (Rs. mn) 41,827 41,768 41,490 41,162 40,121 40,189 • Debt on Operational portfolio steadily declining FY18 FY19 Q1FY20 Q2FY20 Q3FY20 Q4FY20 • Construction finance on Ahmedabad project drawn down in May 2020 Debt on Under-development p
Slide 29: Business Performance – Retail
Business Update Financial Results Business Performance – Retail Annexure
Slide 30: Q4 FY20 – Retail Key Highlights
Q4 FY20 – Retail Key Highlights 3,663 Total Consumption – Rs 13,874 mn, down 15% yoy Consumption (Rs. mn) 2,552 2,371 2,256 1,896 681 455 HSP & Palladium PMC Bangalore PMC Pune PMC Mumbai PMC Chennai & Phoenix United Phoenix United Palladium Lucknow Bareilly 9% 16% 16% 20% 15% 11% 3,208 Trading Dens
Slide 31: Q4 FY20 – Retail Key Highlights
Q4 FY20 – Retail Key Highlights Rental Income (Rs. mn) Total Rental Income – Rs. 2,227 mn, down 11% yoy 780 307 350 385 283 72 50 HSP & Palladium PMC Bengaluru PMC Pune PMC Mumbai PMC Chennai & Phoenix United Phoenix United Palladium Lucknow Bareilly 10% 12% 14% 9% 1% 12% Asset EBITDA (Rs. mn) Total
Slide 32: FY2020 – Retail Key Highlights
FY2020 – Retail Key Highlights Consumption (Rs. mn) Total Consumption – Rs.69,309 mn, up 1% yoy 17,102 13,140 12,592 11,538 9,790 3,113 2,033 HSP & Palladium PMC Bengaluru PMC Pune PMC Mumbai PMC Chennai & Phoenix United Phoenix United Palladium Lucknow Bareilly 0% 2% 3% 2% 1% 4% 3,167 Trading Densi
Slide 33: FY2020 – Retail Key Highlights
FY2020 – Retail Key Highlights 3,486 Rental Income (Rs. mn) Total Rental Income – Rs. 10,200 mn, up 3% yoy 1,667 1,809 1,426 1,270 318 224 HSP & Palladium PMC Bengaluru PMC Pune PMC Mumbai PMC Chennai & Phoenix United Phoenix United Palladium Lucknow Bareilly 2% 2% 5% 4% 9% 4% 3,151 Asset EBITDA (Rs
Slide 34: PML owned Assets – Consumption and Rental Income
PML owned Assets incl. High Street Phoenix & Palladium Down 9% yoy Consumption (Rs. mn) 4,755 5,195 4,251 4,025 4,013 4,228 4,017 3,663 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Rental Income (Rs. mn) Down 10% yoy 839 839 886 868 881 879 946 780 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19
Slide 35: PML owned Assets incl. High Street Phoenix & Palladium
PML owned Assets incl. High Street Phoenix & Palladium % yoy % yoy Q4 FY20 Q4 FY19 FY2020 FY2019 growth growth Rental Income (Rs. mn) ^ 780 868 -10% 3,486 3,432 2% Recoveries 202 238 -15% 958 973 -2% (CAM and other) (Rs. mn) Total Income (Rs. mn) 982 1,106 -11% 4,444 4,406 1% Asset EBITDA (Rs. mn) 7
Slide 36: New Store Launches at High Street Phoenix & Palladium
New Store Launches at High Street Phoenix & Palladium 35
Slide 37: New Store Launches at High Street Phoenix & Palladium
New Store Launches at High Street Phoenix & Palladium 36
Slide 38: PML owned Assets Income Split – Commercial & Retail
PML owned Assets Income Split – Commercial & Retail PML (Standalone entity) owns the following assets: • Retail – High Street Phoenix & Palladium: Leasable area of 0.77 msf • Phoenix House: Leasable area of 0.10 msf • Centrium: Leasable area of 0.12 msf • Art Guild House: Leasable area of 0.16 msf P
Slide 39: Phoenix MarketCity Bangalore – Consumption and Rental Income
Phoenix MarketCity Bangalore Down 16% yoy Consumption (Rs. mn) 3,514 4,019 3,100 3,183 3,048 3,364 3,205 2,552 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Rental Income (Rs. mn) Down 12% yoy 361 347 359 360 400 339 345 304 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q
Slide 40: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore % yoy % yoy Q4 FY20 Q4 FY19 FY2020 FY2019 growth growth Rental Income (Rs. mn) 307 347 -12% 1,426 1,392 2% Recoveries 157 166 -6% 703 678 4% (CAM and other) (Rs. mn) Total Income (Rs. mn) 464 513 -10% 2,129 2,070 3% Asset EBITDA^ (Rs. mn) 297 338 -12% 1,457 1,418 3% EBID
Slide 41: Phoenix MarketCity Pune – Consumption and Rental Income
Phoenix MarketCity Pune Down 16% yoy Consumption (Rs. mn) 3,405 3,331 3,747 3,045 2,937 2,820 3,144 2,371 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Rental Income (Rs. mn) Down 14% yoy 416 406 432 427 458 380 387 350 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY2
Slide 42: Phoenix MarketCity Pune
Phoenix MarketCity Pune % yoy % yoy Q4 FY20 Q4 FY19 FY2020 FY2019 growth growth Rental Income (Rs. mn) ^ 350 406 -14% 1,667 1,589 5% Recoveries 174 193 -10% 778 793 -2% (CAM and other) (Rs. mn) Total Income (Rs. mn) 524 599 -13% 2,445 2,382 3% Asset EBITDA (Rs. mn) 324 388 -16% 1,646 1,566 5% EBIDTA
Slide 43: Phoenix MarketCity Mumbai – Consumption and Rental Income
Phoenix MarketCity Mumbai Down 20% yoy Consumption (Rs. mn) 2,654 2,589 2,928 2,266 2,283 2,356 2,378 1,896 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Rental Income (Rs. mn) Down 9% yoy 300 311 310 323 320 339 295 283 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3FY20 Q4 FY2
Slide 44: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai % yoy % yoy Q4 FY20 Q4 FY19 FY2020 FY2019 growth growth Rental Income (Rs. mn) ^ 283 310 -9% 1,270 1,216 4% Recoveries 153 189 -19% 691 751 -8% (CAM and other) (Rs. mn) Total Income (Rs. mn) 436 499 -13% 1,961 1,967 0% Asset EBITDA (Rs. mn) 242 300 -19% 1,239 1,188 4% EBIDT
Slide 45: Phoenix MarketCity Chennai & Palladium – Consumption and Rental Income
Phoenix MarketCity Chennai & Palladium Down 17% yoy Consumption (Rs. mn) 3,065 3,137 3,195 2,960 3,013 3,309 2,710 2,256 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Rental Income (Rs. mn) Down 12% yoy 441 439 458 438 467 475 482 385 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20
Slide 46: Phoenix MarketCity Chennai & Palladium
Phoenix MarketCity Chennai & Palladium % yoy % yoy Q4 FY20 Q4 FY19 FY2020 FY2019 growth growth Rental Income (Rs. mn) ^ 385 438 -12% 1,809 1,777 2% Recoveries 233 278 -16% 972 1,041 -7% (CAM and other) (Rs. mn) Total Income (Rs. mn) 618 717 -14% 2,781 2,818 -1% Asset EBITDA (Rs. mn) 346 422 -18% 1,7
Slide 47: Repricing opportunity exist across the Portfolio
Repricing opportunity exist across the Portfolio 52% of leasable area for renewal over next 3 years 71% of leasable area for renewal over next 3 years HSP & Palladium 24% PMC Mumbai 34% 16% 12% 24% 13% FY21 FY22 FY23 FY21 FY22 FY23 75% of leasable area for renewal over next 3 years 55% of leasable a
Slide 48: Under Construction Projects - Retail
Under Construction Projects - Retail PMC Wakad PMC Hebbal PMC Indore Palladium, Ahmedabad Sparkle One Mall Developers Pvt. SPV Name Alyssum Developers Pvt. Ltd Insight Mall Developers Pvt. Ltd SGH Realtors LLP Ltd Amount spent till Rs. 4,646 mn Rs. 8,396 mn Rs. 3,118 mn Rs. 4,598 Mn Date Constructio
Slide 49: Phoenix Palassio, Lucknow
Phoenix Palassio, Lucknow The Biggest Lifestyle District Consumption Hub in Lucknow Indicative Render 48
Slide 50: Actual Mall Pictures
Actual Mall Pictures 49
Slide 51: Actual Mall Pictures
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Slide 52: Bringing the Royal touch to the City of Nawabs
Bringing the Royal touch to the City of Nawabs An exquisite collection of 71 Chandeliers across the mall 51
Slide 53: Actual Mall Pictures
wy THE PHOENIX MILLS LIMITED \\\\\ \ \ ‘ Actual Mall Pictures
Slide 54: Actual Mall Pictures
Actual Mall Pictures ee PEN
Slide 55: Actual Mall Pictures
Actual Mall Pictures 54
Slide 56: Actual Mall Pictures
wy THE PHOENIX Actual Mall Pictures MILLS LIMITED
Slide 57: Palladium Ahmedabad
Palladium Ahmedabad The Luxury mall of Gujarat Indicative Render 56
Slide 58: Palladium, Ahmedabad – Site Pictures
Palladium, Ahmedabad – Site Pictures First floor roof shuttering in progress. 57
Slide 59: Phoenix MarketCity Wakad, Pune
Phoenix MarketCity Wakad, Pune The New Epicentre for West Pune Indicative Render 58
Slide 60: Phoenix MarketCity Wakad, Pune – Site Pictures
Phoenix MarketCity Wakad, Pune – Site Pictures Foundation work is complete, Lower ground Floor Slab in progress
Slide 61: Mall of Asia, Bangalore
Mall of Asia, Bangalore The Largest Retail led Mixed-use development in Indicative Render Bangalore Concept Architect – Callison60
Slide 62: Mall of Asia, Bengaluru – Site Pictures
Mall of Asia, Bengaluru – Site Pictures Basement 1 and G Floor slab concreting work is currently in Foundation PCC work complete progress 61
Slide 63: Phoenix MarketCity Indore
Phoenix MarketCity Indore The biggest Retail Destination of Madhya Pradesh Indicative Render 62
Slide 64: Phoenix MarketCity Indore
Phoenix MarketCity Indore Indicative Render Indicative Render Indicative Render 63
Slide 65: Phoenix MarketCity Indore – Site Pictures
Phoenix MarketCity Indore – Site Pictures Civil, retrofitting and MEP work in progress 64
Slide 66: Business Performance – Commercial
Business Update Financial Results Business Performance – Commercial Annexure
Slide 67: Impact of COVID-19 on Commercial
Impact of COVID-19 on Commercial • Commercial assets have been the least impacted of all asset classes. • We have done gross billings of Rs. 370 mn during April to June 2020 and have collected ~80% of the billed amount. • Our Commercial team has quickly rolled out various initiatives to safeguard th
Slide 68: Our Annuity Income Generating Commercial Portfolio
Our Annuity Income Generating Commercial Portfolio OPERATIONAL OFFICE PORTFOLIO (1.79 MSF) OFFICE PORTFOLIO UNDER DEVELOPMENT (1.08 MSF) Project Total Area Area Sold Net Leasable Area Leased OFFICE PORTFOLIO ( 1.08 MSF) Name (msf) (msf) Area (msf) (msf) Phoenix House 0.10 - 0.11 0.08 Fountainhead –
Slide 69: Operational Update – Art Guild House
Operational Update – Art Guild House Net Area Average Total Area Area Sold Leasable Leased Rate (msf) (msf) Area (msf) (msf) (Rs./sq.ft) Art Guild @ @ 0.80 0.18 0.62 0.55 106 House Q4 FY20 Q4 FY19 FY20 FY19 Total Income 143 160 611 582 (Rs. mn) EBITDA 111 76 357 157 (Rs. mn) % of Total Income 77% 48
Slide 70: Operational Update – Phoenix Paragon Plaza
Operational Update – Phoenix Paragon Plaza Net Area Average Total Area Area Sold Leasable Leased Rate (msf) (msf) Area (msf) (msf) (Rs./sq.ft) Phoenix 0.44 0.12 0.31 0.21 124 Paragon Plaza Q4 FY20 Q4 FY19 FY20 FY19 Total Income 118 150 379 358 (Rs. mn) EBITDA (Rs. mn) 92 119 221 213 % of Total Incom
Slide 71: Renewal Schedule
Renewal Schedule (% of total leasable area) 78% of leasable area for renewal over next 3 years 42% 35% Art Guild House 1% FY21 FY22 FY23 28% of leasable area for renewal over next 3 years Paragon Plaza Phoenix 12% 9% 7% FY21 FY22 FY23 70
Slide 72: Operational Update – Fountainhead Towers 1, 2 & 3
Operational Update – Fountainhead Towers 1, 2 & 3 Net Area Average Total Area Area Sold Leasable Leased Rate (msf) (msf) Area (msf) (msf) (Rs./sq.ft) Fountainhead – 0.17 0.00 0.17 0.16 86 Tower 1 Fountainhead – Tower 2 Part of Commercial Portfolio under Development 0.66 – Tower 2 & Tower 3 are curre
Slide 73: Ready to move in Office Towers in Pune
Ready to move in Office Towers in Pune Development comprising of 3 towers with Gross Leasable Area (GLA) of 8,25,369 sqft. ➢ Tower 1 – Operational and 95% Leased ➢ Tower 2 – Nearing Completion – 16th Floor - Terrace Slab casting completed – WIP, 67% glass panel installation done – 80% plumbing and f
Slide 74: Current Status of Towers 2 and 3
Fountainhead, Pune - Significant Equity Infused for Construction of Tower 2 & 3 Current Status of Towers 2 and 3 ✓ All approvals in place ✓ Land and TDR secured for the full development ✓ Entire RCC for both towers is completed; Top-Up of the building i.e. casting of Terrace Slab is also done. Signi
Slide 75: Commercial asset Update - Pune
Commercial asset Update - Pune Fountainhead Pune Remarks Tower 1 Leasable area: 0.17 msf. 0.16 msf (95%) area has been leased and operational Tower 2 Leasable area: 0.26 msf. Construction completed for all 16 floors Tower 3 Leasable area: 0.40 msf. Construction commenced in Q1FY20 and completed for
Slide 76: USP of Fountainhead
USP of Fountainhead • Upto 16 Levels of flexible workspaces starting from 1,100 sq ft scalable upto 32,000 sq. ft. on a single floorplate • Part of the largest Retail & Commercial development in Pune – Phoenix MarketCity • Double-height decks with stunning view of Pune city. • Outdoor Landscape Gard
Slide 77: Pune FH T2 – Site Lobby and Common Area Pictures
Pune FH T2 – Site Lobby and Common Area Pictures 76
Slide 78: Pune FH T3 – Site Pictures
Pune FH T3 – Site Pictures 15th Floor Slab Completed Staircase Slab – OHWT work Completed Terrace Level Fabrication 77
Slide 79: Fountainhead, Pune – Common Area
Fountainhead, Pune – Common Area Lobby Area Lobby – Lift Area Cafeteria 78
Slide 80: Business Performance – Hotels
COVID-19 – Impact on Businesses Financial Results Business Performance – Hotels Annexure
Slide 81: The St. Regis, Mumbai
The St. Regis, Mumbai % yoy % yoy Q4 FY20 Q4 FY19 FY20 FY19 growth growth Revenue from 328 384 -14% 1,373 1,352 2% Rooms (Rs. mn) Revenue from F&B and Banqueting 336 438 -27% 1,429 1,424 -1% (Rs. mn) Other Operating 88 54 152% 287 267 25% Income (Rs. mn) Total Income 753 875 -26% 3,088 3,042 3% (Rs.
Slide 82: Update on The St. Regis, Mumbai
Update on The St. Regis, Mumbai • Average room occupancy of c17% during April to June 2020. • Undertook various measures to rationalize the fixed costs and reduce cash burn. Temporarily shut most restaurants until demand improves. • We expect banqueting business to benefit in H2 FY21 owing to postpo
Slide 83: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra Q4 FY20 Q4 FY19 FY20 FY19 Revenue from Rooms (Rs. 61 59 199 188 mn) Revenue from F&B and 43 55 158 163 Banqueting (Rs. mn) Other Operating Income 5 14 19 19 (Rs.mn) Total Income (Rs. mn) 109 128 376 370 Occupancy (%) 60% 83% 65% 67% ARR (Rs.) 5,827 4,795 4,352 3,908 82
Slide 84: Update on Courtyard by Marriott, Agra
Update on Courtyard by Marriott, Agra • In Agra, hotels were shut by order of the government from the month of April till May 2020. • We further decided to keep hotel shut during the off-season months of June and July. • We intend to reopen the hotel from 01 August to be ready for the season months.
Slide 85: Business Performance – Residential
Business Update Financial Results Business Performance – Residential Annexure
Slide 86: Impact of COVID-19 on Residential
Impact of COVID-19 on Residential • One Bangalore West and Kessaku in Malleshwaram have set the benchmark for residential developments in terms of quality, project offering and luxury at an affordable price. • Further, the properties are located in proximity to Grade A commercial offices which combi
Slide 87: Operational Update – Residential Portfolio
Operational Update – Residential Portfolio Revenue recognized Saleable area (msf) Cumulative Cumulative Collections in Project Name (Rs. mn) Area Sold Sales Value Q4 FY20 (operational) Total Balance Area launched (msf)^ (Rs. mn) (Rs. mn) in Q4 FY20 Cumulative Area Area One Bangalore West, 2.41 1.80
Slide 88: Kessaku – Choices Galore for Customers
Kessaku – Choices Galore for Customers Layout Options 3.5 & 4 BHK 3 & 4.5 BHK HOMES HOMES 87
Slide 89: Kessaku – Choices Galore for Customers
Kessaku – Choices Galore for Customers • Kessaku offers its customers bespoke options to customize their apartments • Getting a wide array of Fit-out & Layout options to choose from is well appreciated by the discerning customers translating into quicker conversion of sales Fit-out Options BARESHELL
Slide 90: USP of OBW & Kessaku
USP of OBW & Kessaku 1. Reconfiguration of units in Faia and Zefa (3 to 4.5 BHK’s from the earlier 6 to 8 BHK’s) provide discerning customers an even larger plethora of unit sizes and finishing options to choose from 2. OBW & Kessaku offer a flat for every need from 2BHK to 11 BHK – extensive range
Slide 91: One Bangalore West, Bangalore
One Bangalore West, Bangalore Actual Site Picture 90
Slide 92: Kessaku, Bangalore
Kessaku, Bangalore Actual Site Picture 91
Slide 93: Annexure
Business Update Financial Results Business Performance Annexure
Slide 94: Our Annuity Income-Generating Portfolio
Our Annuity Income-Generating Portfolio OPERATIONAL PORTFOLIO PORTFOLIO UNDER DEVELOPMENT MALL PORTFOLIO MALL PORTFOLIO (4.90 MSF) (5.96 MSF) HSP & Palladium Mumbai 0.77 Phoenix MarketCity Pune 1.10 Phoenix MarketCity Chennai 1.00 Wakad Palladium Chennai 0.22 Phoenix MarketCity Bengaluru 1.20 Hebbal
Slide 95: Our Portfolio under Development & Planning
Our Portfolio under Development & Planning Balance PROJECT NAME Retail Office Development Total Potential Retail Portfolio Under-development 4.90 - 4.90 Fountainhead Towers 2-3, Pune - 0.66 - 0.66 Office Portfolio Commercial offices on top of Palladium Under- - 0.42 - 0.42 Chennai development Total
Slide 96: Our Residential Development Portfolio
Our Residential Development Portfolio Kessaku RESIDENTIAL PORTFOLIO One Bangalore West Area Total Area Balance Project launched (msf) area (msf) (msf) Launched in July 2019 One Bangalore 0.29 0.29 - West - Towers 7 Under Planning One Bangalore 0.61 - 0.61 West - Towers 8-9 Total area Project (msf) C
Slide 97: Q4 FY20 Debt Across Subsidiaries
Q4 FY20 Debt Across Subsidiaries Q3 FY20 Debt Q4 FY20 Debt Asset Type SPV Asset Name PML Ownership (Rs.mn) (Rs.mn) PML Standalone High Street Phoenix, Mumbai 100% 8,708 8,002 Classic Mall Phoenix MarketCity, Chennai 50% 7,277 7,140 Development The Crest C (Residential) Phoenix MarketCity, Pune Vamon
Slide 98: Shareholding Pattern as on 31st March 2020
Shareholding Pattern as on 31st March 2020 Shareholding Pattern Sr. No Top Institutional Investors % Shareholding 2.62% 1.72% 1 Nordea Bank 3.96% 10.77% 2 Schroder 3.75% Promoters 3 Fidelity 2.50% FII 4 TT Funds 2.15% DII 5 ICICI Prudential Mutual Fund 1.80% 25.78% Public 6 DSP Mutual Fund 1.75% Cor
Slide 99: Investor Relations Contacts
Varun Parwal Advait Phatarfod Deepak Purswani Contact: +91 22 3001 6737 Contact: +91 22 3001 6804 Contact: +91 22 3001 6789 Email: Email: Email: varun.p@phoenixmarketcity.in advait.p@phoenixmarketcity.in deepak.purswani@phoenixmarketcity.in Saket Somani / Rohan Rege Contact: +91 22 6169 5988 Email: