Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Non-Deal Roadshow (July 2007)
38 slides from Peninsula Land's roadshow presentation, July 2007
Slide 1: Peninsula Land Limited Corporate Presentation
Peninsula Land Limited Corporate Presentation July 2007
Slide 2: Agenda
Agenda GROUP & COMPANY OVERVIEW KEY DIFFERENTIATORS PROJECTS OVERVIEW FINANCIAL HIGHLIGHTS
Slide 3: Group & Company Overview
ASHOK PIRAMAL GROUP GROUP & COMPANY OVERVIEW [=]
Slide 4: Ashok Piramal – Group Overview
Ashok Piramal – Group Overview Real Estate development is one of the key focus areas for the Ashok Piramal Group The Ashok Piramal Group of Companies Real Estate Textiles Engineering Retail Development Revenues (US$ mm) EBITDA (US$ mm) Market Cap (US$ mm) 250 40 37 600 559 = 18 % 215 GR CA 500 0% 20
Slide 5: Peninsula Land – Company Overview
Peninsula Land – Company Overview Peninsula Land is a diversified real estate development company, renowned for its landmark developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold 2.32 mm sq ft of real estate across residential
Slide 6: Peninsula Land – Recent Corporate History
Peninsula Land – Recent Corporate History 1997 • Foray into Real Estate development business 1999 • Developed “Crossroads” - the first international quality retail mall in India 2001 • First corporate to receive permission to commercially develop private textile mill land in Mumbai 2003 • Peninsula
Slide 7: Key Differentiators
ASHOK PIRAMAL GROUP KEY DIFFERENTIATORS [=]
Slide 8: Peninsula Land - Key Differentiators
Peninsula Land - Key Differentiators 1 Reputed property developer with established brands Well recognized brands in commercial (Peninsula), residential (Ashok) & retail (Crossroads) sectors Brand equity helps deliver superior pricing and strong pre-sales 2 Growing across select cities in Western and
Slide 9: Reputable Property Developer with Established Brands
1 Reputable Property Developer with Established Brands Peninsula Land has developed established brands in each of the market segments, which is unique from other developers Brand Segment Achievements Residential Residential projects in Central Mumbai are largely pre-sold Office Amongst the earliest
Slide 10: Reputable Property Developer with Established Brands
1 Reputable Property Developer with Established Brands 10
Slide 11: Focus on Select Cities in Western and Southern India
2 Focus on Select Cities in Western and Southern India Peninsula Land’s investments are focused in the Southern and Western regions of India, and are diversified between Tier 1, 2 and 3 cities MUMBAI: Pop – 16.3 million HYDERABAD: Pop – 7.5 million • Financial and business hub • IT, bio-tech and ind
Slide 12: Proven Project Execution Skills
3 Proven Project Execution Skills Project Execution Process Facilities Management Medium/Long-term Sales & Marketing Varies Project Execution & Management 30–36 months Project Concept & Design 3–6 months Land Purchase 3 -6 months Land Identification 3 – 6 months 12
Slide 13: Competent Management Team
4 Competent Management Team Ashok Piramal Group Structure Urvi Piramal Group Chairperson Jaydev Mody Mahesh Gupta Group Director Group Managing Director V Hariharan Anil Noronha Group CFO Head – Group Human Resource Hardik Dhebar Kausik Nath Ashwini Sahasrabudhe Head –Group Treasury Head - Group Leg
Slide 14: Competent Management Team
4 Competent Management Team Peninsula Land is a fully integrated real estate development and management company, with over 260 employees Peninsula Land Organizational structure Rajeev Piramal Executive Vice Chairman Rajesh Jaggi Managing Director Sanjay Giridhar Ramesh Sridher Mhapankar Rajagolalan
Slide 15: Strategic Relationship with Realty Fund
5 Strategic Relationship with Realty Fund Peninsula Realty Fund Details: Peninsula Land is raising a US$325 million fund for real estate land development The fund will pursue investment opportunities that it believes will achieve IRR > 25% Alignment of interest between the Fund and Peninsula Upon cr
Slide 16: Strategic Relationship with Realty Fund
5 Strategic Relationship with Realty Fund Leveraging the strategic relationship with a realty fund allows company to focus on its core competencies Core Competencies Determining innovative building concepts and designs Defining a systematic and detailed development process Peninsula Land Managing 3r
Slide 17: Focus on Return on Capital
6 Focus on Return on Capital Peninsula Land’s strategy enables it to achieve a high return on capital employed and equity Acquire land with an intention of immediate development - carrying land stock for 3 to 5 years Cover the total project cost by part selling at the beginning of the project Pruden
Slide 18: Business Strategy
Business Strategy Key Differentiators Business Strategy Reputed property Grow presence in select locations in western & southern India through 1 strategic partnerships developer with established brands Invest in select cities Collaborate strategically with landowners Growing across select Leverage s
Slide 19: Projects Overview
ASHOK PIRAMAL GROUP PROJECTS OVERVIEW [=]
Slide 20: Projects Overview
Projects Overview Project Name Type Approx. Square Feet (‘000) Completed Crossroads Retail Mall 150 Peninsula Corporate Park Commercial 893 Palm Beach Project Residential 37 Kanjur Marg Low income housing 800 Peninsula Centre Commercial 91 CR2 Retail 225 Bayside Mall Commercial 20 Ashok House Reside
Slide 21: Completed Projects
Completed Projects Crossroads - Retail - Project Area -150,000 sq ft - Project Start Date – March 1997 - Project Completion Date – August 1999 Peninsula Corporate Park - Commercial - Project Area – 892,503 sq ft - Project Start Date – March 2002 - Project Completion Date – January 2005 Palm Beach Pr
Slide 22: Completed Projects
Completed Projects Peninsula Centre - Project Area - 91,488 sq ft - Project Start Date – April 2001 - Project Completion Date – January 2002 Bayside Mall - Project Area – 20,000 sq ft - Project Start Date – July 2003 - Project Completion Date – May 2005 CR2 - Project Area – 225,000 sq ft - Project S
Slide 23: Overview of Projects in Pipeline
Overview of Projects in Pipeline Area by Asset Class (in sq ft) Area by Geography (in sq ft) Mumbai 16% Biotech SEZ 29% Residential 36% Pune 38% Nashik 12% Gems & Jews SEZ 5% Other 5% Commercial 8% IT Goa 17% 34% 23
Slide 24: Current Projects
Current Projects Ashok Towers - Residential - Project Area – 1,077,095 sq ft - Project Start Date – August 2004 - Estimated Completion Date – July-December 2008 - Approximately 600 residential units located at a Premium site in Parel, Mumbai - More than 90% of the project is pre-sold Ashok Gardens -
Slide 25: Commercial Projects in pipeline
Commercial Projects in pipeline Projects Rationale Goa SEZ – Biotech Park (Verna) Capitalize on the growing biotech sector in India - Developable Area – ~7,800,000 sq ft Leverage Goa’s investment into pharmaceuticals - Project Start Date – March 2008 - Expected Completion Date – March 2014 - Approve
Slide 26: Residential Projects in pipeline
Residential Projects in pipeline Projects Rationale Pune – Integrated Township Proximity to IT Parks - Developable Area – ~5,000,000 sq ft Site abutting the Mumbai expressway exit and - Project Start Date – December 2007 located in the outskirts of Pune city - Expected Completion Date – March 2013 N
Slide 27: Financial Highlights
ASHOK PIRAMAL GROUP FINANCIAL HIGHLIGHTS [=]
Slide 28: Peninsula Land - Financial Snapshot
Peninsula Land - Financial Snapshot Peninsula Land has shown strong growth in earnings, stable EBITDA margins and has been acquiring land at a decent pace FY 05 FY 06 FY 07 12 months 15 months 9 months Development in square feet Sold 1,884,162 269,645 284,390 Under development 2,069,240 1,976,015 3,
Slide 29: Thank You
THANK YOU ASHOK PIRAMAL GROUP
Slide 30: Appendix
ASHOK PIRAMAL GROUP APPENDIX [=]
Slide 31: Proven Investment Strategy – Case Study I
Proven Investment Strategy – Case Study I Overview – Transaction: Ashok Gardens and Peninsula Technopark – Size : Development of 898,920 square feet of residential and 896,585 square feet of IT park – Investment : Rs 320 million (US$ 8 million) Opportunity – Develop centrally located land parcels in
Slide 32: Proven Investment Strategy – Case Study II
Proven Investment Strategy – Case Study II Overview – Transaction: Peninsula Business Park (Dawn Mills) – Size : Development of ~1,155,000 square feet IT park – Investment : Share Swap no cash outflow to Peninsula Opportunity – Leverage on the success of Peninsula Corporate Park by creating a simila
Slide 33: Proven Investment Strategy – Case Study III
Proven Investment Strategy – Case Study III Overview – Transaction: Crossroads – Size : Development of 150,000 square feet Retail mall – Investment : Rs 400 million mainly cost of refurbishment Opportunity – Create a signature development to establish the Groups foray into real estate development se
Slide 34: Selected target markets
Selected target markets Mumbai Hyderabad Bangalore Chennai Investment Rationale - India’s commercial and - Major IT, bio-tech and - India’s “Silicon Valley,” - Seaport with established financial services hub industrial hub IT/research firms automobile and manufacturing - Development of satellite - N
Slide 35: Selected target markets
Selected target markets Goa Ahmedabad Pune Nasik Investment Rationale - Hub for pharma activity - Financial Center of Gujarat - Major IT/ BPO hub - Emerging IT/ BPO hub - Increasing affluence Demographic Urban Population (millions) 1.4 4.5 3.7 1.4 Population Growth (1991- 15% 36% 51% 59% 2001) Liter
Slide 36: Selected target markets
Selected target markets Mysore Coimbatore Nagpur Investment Rationale - Emerging IT/ BPO hub - Textile & auto components -Cargo hub - Greater Connectivity with hub -Emerging MRO hub for Bangalore airlines -Strong Food processing industry Demographic Urban Population (millions) 1 2 2.4 Population Gro
Slide 37: Key Management Team
Key Management Team Key management team members have significant expertise Over 22 years of experience managing diversified businesses across a number of sectors Recipient of several prestigious awards, including Qimpro Gold Standard Award, Outstanding Ms. Urvi Piramal Industrialist Award, and the C
Slide 38: Key Management Team
Key Management Team Key management team members have significant expertise Over 21 years of experience in real estate project management & execution as well as in Mr. Anil Pandit business development Chief Operating Officer Holds an MBA in Finance from IGNOU and a Bachelors in Chemical Engineering f