Slide 1: Investor Presentation Q3 FY2014-15
INVESTOR PRESENTATION Q3 FY2014-15 1 www.prestigeconstructions.com
Slide 2: Index
Index HIGHLIGHTS OF Q3 FY 2014-15 OPERATIONAL & FINANCIAL PERFORMANCE SALES SUMMARY DEBT PROFILE RECEIVABLES PROFILE RENTAL PORTFOLIO & LEASING UPDATE PROJECT PORTFOLIO & UPDATE ABOUT PRESTIGE 2
Slide 3: Highlights of Q3 FY 2014-15
HIGHLIGHTS OF Q3 FY 2014-15 3 www.prestigeconstructions.com
Slide 4: Guidance Vs Achieved FY14-15
Guidance Vs Achieved FY14-15 Target for Full Year Achieved Particulars % Achieved ( FY 14-15) FY14-15 Sales (Rs. Mn) 50,000 39,026 78% Turnover (Rs Mn) 27,000 18,304 68% Collections (Rs. Mn) 28,500-30,000 23,269 82% Launches (Mnsf) 14-16 7.38 53% Completions (Mnsft) 10-12 7.41 74% Leasing (Mnsf) 2.0
Slide 5: Highlights of QIII FY 2014-15
Highlights of QIII FY 2014-15 Operational Highlights In Rs.Mn Quarter III Quarter II Quarter III Nine Months Nine Months Particulars FY14-15 FY 14-15 FY 13-14 (9M) FY14-15 (9M) FY13-14 New Sales - Total Amount (Rs. Mn) 10094 14859 12620 39026 35560 Area (Mnsf) 1.55 2.45 2.08 6.27 6.01 Avg Realizatio
Slide 6: Operational Highlights: Quarter
Highlights of QIII FY 2014-15 Operational Highlights For the Quarter ended 31 December 2014 (Q3): New Sales: The Company has sold 611 Residential units and 0.21 million square feet of commercial space, aggregating to 1.55 million square feet amounting to Rs. 10,094 million of sales. (Of this, Presti
Slide 7: Operational Highlights: Nine Months
Highlights of QIII FY 2014-15 Operational Highlights For the nine months ended 31 December 2014 (9M): Sales: The Company has for the nine months ended December 2014 sold 3,263 Residential units & 0.46 million square feet of Commercial space, totalling to 6.27 million square feet, amounting to Rs.39,
Slide 8: Operational Highlights: Sales Charts
Highlights of QIII FY 2014-15 Operational Highlights Sales (QOQ) (Rs. Mn) Sales Q3 FY14 & Q3 FY15 (Rs.Mn) 16000 14859 14073 14000 12620 14000 12620 13073 12893 12000 10094 12000 9402 10094 9402 10000 10000 8788 7594 7594 8000 Total Sales 8000 Total Sales 6007 6000 6000 Prestige Estates 4000 Sales Pr
Slide 9: Operational Highlights: Collections Charts
Highlights of QIII FY 2014-15 Operational Highlights Collections- Prestige Estates Share Collections (Q-O-Q) (Rs. Mn) Collection Q3 FY14 & Q3 FY15 (Rs.Mn) 9000 8101 7607 7561 8000 6557 7561 7000 5923 28% 8000 6000 5923 5000 6000 4000 3000 4000 2000 2000 1000 0 0 Q3 FY14 Q4 FY 14 Q1 FY15 Q2 FY15 Q3 F
Slide 10: Financial Highlights
Highlights of QIII FY 2014-15 Financial Highlights In Rs.Mn Quarter III Quarter II Quarter III Nine Months Nine Months Particulars FY14-15 FY 14-15 FY 13-14 (9M) FY14-15 (9M) FY13-14 Turnover (Rs. Mn) 6453 5843 4600 18304 14933 EBIDTA (Rs. Mn) 2241 1961 1614 6097 4689 EBIDTA % 35% 34% 35% 33% 31% PA
Slide 11: Financial Highlights: Quarter
Highlights of QIII FY 2014-15 Financial Highlights For the Quarter ended 31 December 2014 Revenue at Rs. 6,453 Mn, considering revenue from operations and other income, up by 40% as compared to the revenue for the corresponding quarter of previous year (Q3 FY14) which stood at Rs.4,600 Mn. EBIDTA at
Slide 12: Financial Highlights: Nine Months
Highlights of QIII FY 2014-15 Financial Highlights For the Nine months ended 31 December 2014 Revenue at Rs. 18,304 Mn, considering revenue from operations and other income, up by 23% as compared to the revenue for the corresponding 9 months of previous year (9M FY14) which stood at Rs.14,933 Mn. EB
Slide 13: Turnover, EBIDTA & PAT
Highlights of QIII FY 2014-15 Financial Highlights Turnover, EBIDTA & PAT (Rs. Mn) 6591 6453 7000 6156 5843 6000 4600 5000 Turnover 4000 EBIDTA 3000 2241 1810 1895 1961 PAT 1614 2000 1041 807 951 968 995 1000 0 Q3 FY14 Q4 FY 14 Q1 FY15 Q2 FY15 Q3 FY15 Turnover, EBIDTA & PAT (Rs. Mn) 9M-O-9M 20000 18
Slide 14: Launches/Pre Launches during Q1, Q2 & Q3
Highlights of QIII FY 2014-15 Business Performance Launches/Pre Launches during Q1, Q2 & Q3 FY 14-15 Developable Economic No. of Units No. of Units Sl.No Project Location Segment Area (Mnsf) Interest (Total) (PEPL Share) Quarter I FY15 1 Prestige Falcon City Phase I Bengaluru Residential 4.57 35.70%
Slide 15: Completions during Q1, Q2 & Q3 FY 14-15
Highlights of QIII FY 2014-15 Completions during Q1, Q2 & Q3 FY 14-15 Developable Economic Prestige Share Sl.No Project Location Segment Area (Mnsf) Interest (Mnsf) Quarter I FY15 1 Prestige TechPark III Bengaluru Commercial 1.55 100.00% 1.55 2 Exora Business Park - Block 2 Bengaluru Commercial 1.02
Slide 16: Area Leased during Q3 FY 2014-15
Highlights of QIII FY 2014-15 Business Performance Area Leased during Q3 FY 2014-15 Quarter III FY 14-15 As on 31 December 2014 Current Segment Prestige Rental Area Yet to Yield Total Prestige Share Total Share Yielding Area Office 0.18 0.00 11.45 5.47 4.94 0.53 Retail 0.01 0.003 3.42 1.45 1.14 0.31
Slide 17: Financials Update
Presuee Add Prestige to your life FINANCIALS UPDATE 17
Slide 18: Balance Sheet as at 31 December 2014
Financials Balance Sheet as at 31 December 2014 Rs. Mn As at As at As at Particulars 31-Dec-14 30-Sep-14 31-Mar-14 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,750 3,750 3,500 (b) Reserves and surplus 34,808 33,813 26,211 38,558 37,563 29,711 (2) Non-current liabilities (a)
Slide 19: Profit & Loss Account for the period ended December 2014
Financials Profit & Loss Account for the period ended 31 December 2014 Rs. Mn Quarter ended Nine months Year ended Particulars 31-Dec-14 30-Sep-14 31-Dec-13 31-Dec-14 31-Dec-13 31-Mar-14 (I) Revenue from Operations 6,094 5,403 4,305 16,981 14,040 20,052 (II) Other Income 359 440 295 1,323 893 1,473
Slide 20: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 31-Dec-14 30-Sep-14 31-Dec-13 31-Mar-14 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 6,094 5,403 4,305 20,052 2 Other Income 359 440 295 1,473 3 Total Incom
Slide 21: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 31-Dec-14 30-Sep-14 31-Dec-13 31-Mar-14 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 1,617 25% 1,398 24% 1,181 26% 4,882 23% 12 Tax 622 430 374 1,482 13 PAT 995 15.42% 968 17% 807 18% 3,
Slide 22: Sales Summary
SALES SUMMARY www.prestigeconstructions.com 22
Slide 23: Sales Summary
Sales Summary Area in Mnsf Rs. Mn Prestige Estates Share Q1 FY 2015 Q2 FY 2015 Q3 FY 2015 9M 2015 Sales Summary Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 1.92 1156 11819 1.82 1223 10345 0.74 472 4244 4.48 2851 26408 Premium Segment 0.12 38 106
Slide 24: Unrecognized Revenue From Projects Under Construction
Unrecognized Revenue From Projects Under Construction Rs. Mn Total sales Cumulative Balance Expected value of unit turnover turnover to be timeline to Sl.No Projects sold as at declared upto declared on reach 25% 31.12.2014 31.12.2014 POC trigger A Residential Projects 1 Prestige Bella Vista 10,117
Slide 25: Unrecognized Revenue From Projects Under Construction
Unrecognized Revenue From Projects Under Construction Rs. Mn Total sales Cumulative Balance Expected value of unit turnover turnover to be timeline to Sl.No Projects sold as at declared upto declared on reach 25% 31.12.2014 31.12.2014 POC trigger A Residential Projects 22 Prestige Silver Sun 316 316
Slide 26: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance New Sales / Amount Closing Balance as Name of the Project as at 01.10.2014 Adjustment Realised at 31.12.2014 Completed Projects Prestige Cyber Towers 31 - - 31 Prestige Oasis 392 166 111 447 Prestige Shantiniketan 909 (326) 273 310 Prestige Southridge 6
Slide 27: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance Incremental POC Closing Balance Name of the Project Amount Realised as at 01.10.2014 POC Turnover Adjustment as at 31.12.2014 Other Ongoing Projects Prestige Summer Fields - - - 93 - Prestige Jade Pavilion - - - 146 - Prestige Techvista - - - 17 - Prest
Slide 28: Debt Profile
Debt Profile Rs. Mn Consolidated Particulars Standalone % % Loan * Debt as on 31.12.2014 Sec ured Loan 20,622 100% 35,159 100% a. Projec t Debt - Resi & Comm 14,339 70% 17,132 49% b. Capex Loans - - - Office Space 1,262 6% 1,262 4% - Retail - - 1,180 3% - Hospitality 2,162 10% 3,630 10% c . Rental S
Slide 29: Receivables Profile
Receivables Profile Area in Mnsf Rs. Mn Revenue Generating Projects Developable Area 52.63 Cost Car Park Area 10.65 Saleable Area 41.98 109,650 Partner Share Prestige Share Already Balance to be Value NA Value 198,472 Incurred spent Area 9.51 Area 32.47 48,991 60,659 Sales achieved (64%) Stock (36%)
Slide 30: Rental Income
Rental Income Area in Mnsf RENTAL INCOME Rs. Mn OFFICE SPACE RETAIL EXISTING ONGOING UPCOMING EXISTING ONGOING UPCOMING Leasable Area Leasable Area* Leasable Area Leasable Area Leasable Area* Leasable Area 7.75 2.55 5.47 2.88 2.11 1.30 Prestige Share in Prestige Share in Prestige Share in Prestige S
Slide 31: Annualised Projected Exit Rentals for Area Leased
Annualised Projected Exit Rentals for Area Leased Area in Mnsf Rs. Mn Total Leasable PEPL Share of Area Leased - Rent P.A Sl. No Project Name Segment Area Leasable Area Prestige Share (Annualised) Existing Rental Income as on 31 December, 2014 1 Prestige Estates Projects Ltd Commercial 2.39 2.10 1.9
Slide 32: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com 32
Slide 33: Business Segments
Business Segments Malls Retail Office Space Apartments Built to suit Villas Campuses Residential Commercial Townships Our SEZs Plotted Developments Business IT Parks Sub leasing & fit out services Resorts Interior Design Services Hospitality Serviced & Execution Apartments Facilities & Hotels Proper
Slide 34: Product Mix – Segment Wise
Product Mix – Segment Wise Ongoing Projects Upcoming Projects Total Area – 59.24 Mnsf Total Area – 44.11 Mnsf 2% 5% 5% 1% 10% 16% Residential Residential Commercial Commercial Retail Retail Hospitality Hospitality 78% 83% No. of Developable No. of Developable Segment Segment Projects Area (Mnsf) Pro
Slide 35: Product Mix – Geography Wise
Product Mix – Geography Wise Ongoing Projects Upcoming Projects Total Area – 59.24 Mnsf Total Area –44.11 Mnsf 1% 1% 3% 3% 10% 16% Bengaluru Bengaluru Chennai Chennai Cochin 3% 2% Cochin Hyderabad Hyderabad Mangaluru Mysure Mangaluru 76% Ooty 85% No. of Developable No. of Developable City City Proje
Slide 36: Ongoing Projects: Residential
Ongoing Projects Residential Prestige Developable Economic Prestige No of Sl.No Project City Share of Area (Mnsf) Interest Share (Mnsf) Units Units 1 Prestige Golfshire- Villas Bengaluru 1.75 100.00% 1.75 228 228 2 Prestige White Meadows -1 Bengaluru 1.07 100.00% 1.07 163 163 3 Prestige White Meadow
Slide 37: Ongoing Projects: Residential
Ongoing Projects Residential Prestige Developable Economic Prestige No of Sl.No Project City Share of Area (Mnsf) Interest Share (Mnsf) Units Units 24 Prestige Brooklyn Heights Bengaluru 0.27 62.00% 0.16 94 59 25 Prestige Spencer Heights Bengaluru 0.11 100.00% 0.11 34 34 26 Prestige Royale Garden -
Slide 38: Ongoing Projects: Commercial
Ongoing Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Cessna Business Park B9-B11 Bengaluru 2.94 85.00% 2.50 2 Prestige Trade Towers Bengaluru 0.61 45.00% 0.27 3 Prestige Tech Platina Bengaluru 1.43 66.66% 0.95 4 Prestige TMS Square Cochin
Slide 39: Ongoing Projects: Retail and Hospitality
Ongoing Projects Retail Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Forum Shantiniketan Bengaluru 1.06 65.00% 0.69 2 Forum Mysore Mysure 0.55 50.99% 0.28 3 Prestige TMS Square Cochin 0.12 58.00% 0.07 4 Forum Thomsun Cochin 0.91 25.00% 0.23 5 Prestige Mysore
Slide 40: Upcoming Projects: Residential
Upcoming Projects Residential Developable Economic Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) 1 Prestige Déjà vu Bengaluru 0.15 48.00% 0.07 2 Prestige Hillside Gateway (Kakanad) Cochin 0.80 70.00% 0.56 3 Prestige Greenmoor Bengaluru 0.39 25.00% 0.10 4 Prestige South Woods Bengalur
Slide 41: Upcoming Projects: Residential
Upcoming Projects Residential Developable Economic Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) 19 Prestige Dolce Vita Bengaluru 0.22 60.00% 0.13 20 Prestige MSR Bengaluru 0.17 65.00% 0.11 21 Prestige Falcon City Phase II Bengaluru 1.52 51.00% 0.78 22 Prestige Sycamore Bengaluru 2.3
Slide 42: Upcoming Projects: Commercial
Upcoming Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Prestige Hillside Gateway (Kakanad) Cochin 0.20 70.00% 0.14 2 Prestige Technostar Bengaluru 1.65 51.00% 0.84 3 Prestige Tech Cloud Bengaluru 2.81 73.93% 2.08 4 Prestige Tech Park IV Ben
Slide 43: Upcoming Projects: Retail and Hospitality
Upcoming Projects Retail Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Prestige Hillside Gateway (Kakanad) Cochin 0.40 76.50% 0.31 2 Falcon City Forum Mall Bengaluru 1.70 51.00% 0.87 Total - C 2.10 1.18 Hospitality Developable Economic Prestige Sl. No Project
Slide 44: Land Bank & Projects Under Planning
Land Bank & Projects Under Planning Land Area Economic PEPL Share Sl. No Entity Name Location (Acres) Interest (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi 142.74 100.00% 142.74 2 Prestige Projects Pvt Ltd Bengaluru 168.00 32.68% 54.90 3 Prestige Garden Resorts Pvt Ltd Bengaluru 7.00 100.00% 7.
Slide 45: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com 45
Slide 46: Advantage Prestige
ADVANTAGE PRESTIGE Iconic developments like Spearheaded by Real Estate Forum Mall, Prestige Icon, Mr. Irfan Razack & his Shantiniketan, UB City, brothers Prestige Golfshire etc Mr. Rezwan and Legacy Spanning over 28 years Mr.Noaman Razack Awarded with financial rating of A- by ICRA One of South
Slide 47: Strong Presence Across South Indian States
Strong Presence Across South Indian States Karnataka •Bengaluru •Mysure •Mangaluru Tamil Nadu •Chennai •Ooty Kerala •Cochin Telangana Telangana •Hyderabad Goa Karnataka Goa Tamil Nadu Kerala 47
Slide 48: Board of Directors
Board of Directors Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Joint Managing Director Wholetime Director Additional Director Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Independent Director Independent Director Independent Director
Slide 49: Executive Management
Executive Management Faiz Rezwan Sana Rezwan Zackria Hashim Zaid Sadiq Executive Director Executive Director Executive Director Executive Director Contracts & Projects Retail Land Acquisition Liasioning & Hospitality Venkat K Narayan V. Gopal Arvind Pai Nayeem Noor Asha Vasan Executive Director Exec
Slide 50: Shareholding Pattern
Shareholding Pattern Retail 2% Mutual Funds 6% FIIs 22% Promoters 70% As on 31 December 2014 www.prestigeconstructions.com 50
Slide 51: Awards & Recognition
AWARDS & RECOGNITION www.prestigeconstructions.com 51
Slide 52: Awards & Recognition
Awards & Recognition Realty Plus Awards- Residential Property of the year- Prestige White Meadows Realty Plus Awards- Commercial Property of Realty Plus Awards- Retail Property of the the year- Prestige Khoday Towers year- Forum Sujana Mall 52
Slide 53: Awards & Recognition
Awards & Recognition CNBC Awards- Best Retail project of Chennai- Forum Vijaya Mall Realty Plus Awards- Scrol of Honor to Mr. Irfan CNBC Awards- Builder of the year- Prestige Razack, CMD Group 53
Slide 54: Project Snapshot: A Virtual Tour
PROJECT SNAPSHOT A Virtual Tour www.prestigeconstructions.com 54
Slide 55: Project Snapshots – Completions during the quarter
Project Snapshots – Completions during the quarter Prestige Silver Oak 55
Slide 56: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Ferns Residency Prestige Park View Prestige Bella Vista Prestige Casabella 56
Slide 57: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige White Meadows Prestige Lakeside Habitat Prestige Edwardian Prestige Garden Bay 57
Slide 58: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Glenwood Prestige Downtown Prestige Mayberry Prestige Sunny Side 58
Slide 59: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Hermitage Kingfisher Towers 59
Slide 60: Project Snapshots – Commercial Projects
Project Snapshots – Commercial Projects Current Construction Progress Prestige Trinity Centre Prestige Falcon Tower Prestige Tech Platina 60
Slide 61: 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 62: Thank You
Thank You Prestige Estates Projects Limited Mr. Venkat K. Narayana The Falcon House, Executive Director & CFO No. 1, Main Guard Cross Road, Phone: +91 -80 – 25001280 Bangalore – 560 001 E-mail: investors@prestigeconstructions.com Phone: +91 -80 – 25591080 Fax: + 91 – 80 - 25591945 www.prestigeconstr