Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q2 FY2014-15 Earnings Presentation
68 slides from Prestige Estates Projects's earnings presentation, 2014
Slide 1: Investor Presentation Q2 FY2014-15
INVESTOR PRESENTATION Q2 FY2014-15 1 www.prestigeconstructions.com
Slide 2: Index
Index HIGHLIGHTS OF Q2 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 Q2 FY 2014-15
HIGHLIGHTS OF Q2 FY 2014-15 3 www.prestigeconstructions.com
Slide 4: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Operational Highlights In Rs.Mn Half year Quarter II Quarter I FY Quarter II Half year Particulars (H1) FY13- FY14-15 14-15 FY 13-14 (H1) FY14-15 14 New Sales - Total Amount (Rs. Mn) 14859 14073 11497 28932 22940 Area (Mnsf) 2.45 2.27 1.96 4.72 3.93 Avg Realization/Sft (
Slide 5: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Operational Highlights For the Quarter ended 30th September 2014 (Q2): New Sales: The Company has sold 1,375 Residential units and 0.21 million square feet of commercial space, aggregating to 2.45 million square feet amounting to Rs. 14,859 million of sales, up by 29% fr
Slide 6: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Operational Highlights For the Quarter ended 30th September 2014 (Q2): Collections: Total collections for the quarter aggregated to Rs. 9,612 million, up by 34% as compared to the corresponding Q2 FY 13-14. (Prestige Estates share of collections for the quarter aggregate
Slide 7: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Operational Highlights For the Half year ended 30th September 2014 (H1): Sales: The Company has for the six months ended September 2014 sold 2,652 units & 0.25 Mnsft of Commercial space, totaling to 4.72 million square feet, amounting to Rs.28,932 million of Sales. (Pres
Slide 8: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Operational Highlights Sales (QOQ) (Rs. Mn) Sales Q2 FY14 & Q2 FY15 (Rs.Mn) 16000 14859 14073 14000 12620 13073 12893 14859 16000 29% 11497 12893 12000 10685 14000 Total Sales 11497 9402 12000 10685 21% 10000 8788 Total Sales 10000 8000 Prestige 6007 8000 Estates Sales 6
Slide 9: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Operational Highlights Prestige Estates Share Collections (Q-O-Q) (Rs. Mn) Collection Q2 FY14 & Q2 FY15 (Rs.Mn) 9000 8101 7607 6% 8000 6557 16% 10000 8101 7000 6198 5923 11% 31% 6000 8000 6198 5000 6000 4000 3000 4000 2000 2000 1000 0 0 Q2 FY14 Q2 FY15 Q2 FY14 Q3 FY14 Q4
Slide 10: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Operational Highlights Prestige Estates Share Rental Income (QOQ) (Rs. Mn) Rental Income-Q2 FY14 & Q2 FY15 (Rs. Mn) 746 749 800 716 749 26% 700 615 800 592 700 592 600 500 600 500 400 400 300 300 200 200 100 100 0 0 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q2 FY14 Q2 FY15
Slide 11: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 In Rs.Mn Financial Highlights Half year Quarter II Quarter I FY Quarter II Half year Particulars (H1) FY13- FY14-15 14-15 FY 13-14 (H1) FY14-15 14 Turnover (Rs. Mn) 5843 6156 5041 11999 10334 EBIDTA (Rs. Mn) 1961 1895 1476 3856 3075 EBIDTA % 34% 31% 29% 32% 30% PAT (Rs.
Slide 12: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Financial Highlights For the Quarter ended 30th September 2014 Revenue at Rs. 5,843 Mn, considering revenue from operations and other income, up by 16% as compared to the revenue for the corresponding quarter of previous year (Q2 FY14) which stood at Rs.5,041 Mn. EBIDTA
Slide 13: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Financial Highlights For the Half year ended 30th September 2014 Revenue at Rs. 11,999 Mn, considering revenue from operations and other income, up by 16% as compared to the revenue for the corresponding half year of previous year (H1 FY14) which stood at Rs.10,334 Mn. E
Slide 14: Highlights of QII FY 2014-15
Highlights of QII FY 2014-15 Financial Highlights Turnover, EBIDTA & PAT (Rs. Mn) Q-O-Q 6591 7000 6156 5843 6000 5041 4600 5000 Turnover 4000 EBIDTA 3000 1810 1895 1961 PAT 1476 1614 2000 1041 778 807 951 968 1000 0 Q2 FY14 Q3 FY14 Q4 FY 14 Q1 FY15 Q2 FY15 Turnover, EBIDTA & PAT (Rs. Mn) H-O-H 11999
Slide 15: Launches/Pre Launches during Q1 & Q2 FY 14-15
Highlights of QII FY 2014-15 Business Performance Launches/Pre Launches during Q1 & Q2 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 51.00% 1,89
Slide 16: Completions during Q1 & Q2 FY 14-15
Highlights of QII FY 2014-15 Completions during Q1 & Q2 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 32.4
Slide 17: Area Leased during Q2 FY 2014-15
Highlights of QII FY 2014-15 Business Performance Area Leased during Q2 FY 2014-15 Quarter II FY 14-15 As on 30 September 2014 Current Segment Prestige Rental Area Yet to Yield Total Prestige Share Total Share Yielding Area Office 1.25 0.15 11.27 5.47 4.82 0.65 Retail 0.02 0.01 3.41 1.45 0.69 0.76 T
Slide 18: Financials Update
Prestiee Add Prestige to your life FINANCIALS UPDATE 18
Slide 19: Balance Sheet as at 30th September, 2014
Financials Balance Sheet as at 30th September, 2014 Rs. Mn As at As at As at Particulars 30-Sep-14 30-Jun-14 31-Mar-14 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,750 3,500 3,500 (b) Reserves and surplus 33,813 27,237 26,211 37,563 30,737 29,711 (2) Non-current liabilities
Slide 20: Profit & Loss Account for the period ended 30th September, 2014
Financials Profit & Loss Account for the period ended 30th September, 2014 Rs. Mn Quarter ended Six months Year ended Particulars 30-Sep-14 30-Jun-14 30-Sep-13 30-Sep-14 30-Sep-13 31-Mar-14 (I) Revenue from Operations 5,403 5,631 4,753 11,034 9,736 20,052 (II) Other Income 440 525 288 965 598 1,473
Slide 21: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 30-Sep-14 30-Jun-14 30-Sep-13 31-Mar-14 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 5,403 5,631 4,753 20,052 2 Other Income 440 525 288 1,473 3 Total Incom
Slide 22: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 30-Sep-14 30-Jun-14 30-Sep-13 31-Mar-14 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 1,398 24% 1,423 23% 1,128 22% 4,882 23% 12 Tax 430 382 350 1,482 13 PAT 968 17% 1,041 17% 778 15% 3,4
Slide 23: Sales Summary
SALES SUMMARY www.prestigeconstructions.com 23
Slide 24: Sales Summary
Sales Summary Area in Mnsf Rs. Mn Prestige Share Q2 FY 2015 Q1 FY 2015 Q2 FY 2014 H1 FY 2014 H1 FY 2015 Area Units Value Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 1.82 1,223 10,345 1.92 1,156 11,819 1.35 986 7,723 2.68 1,980 15,021 3.74 2,379
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 Sl.No Projects timeline to reach sold as at declared upto declared on 25% trigger 30.09.2014 30.09.2014 POC A Residential Projects 1 Prestige Bella Vista 10,079
Slide 26: 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 Sl.No Projects timeline to reach sold as at declared upto declared on 25% trigger 30.09.2014 30.09.2014 POC A Residential Projects 21 Prestige Jade Pavilion 1,07
Slide 27: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance New Sales / Amount Closing Balance as Name of the Project as at 01.07.2014 Adjustment Realised at 30.09.2014 Completed Projects Prestige Cyber Towers 142 (106) 5 31 Prestige Oasis 480 14 101 392 Prestige Shantiniketan 960 8 59 909 Prestige Southridge 6
Slide 28: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance Incremental POC Closing Balance Name of the Project Amount Realised as at 01.07.2014 POC Turnover Adjustment as at 30.09.2014 Other Ongoing Projects Prestige Summer Fields - - - 122 - Prestige Jade Pavilion - - - 86 - Prestige Techvista - - - 38 - Prest
Slide 29: Debt Profile
Debt Profile Rs. Mn Consolidated Particulars Standalone % % Loan * Debt as on 30.09.2014 Sec ured Loan 19,116 100% 33,533 100% a. Projec t Debt - Resi & Comm 15,180 79% 19,753 59% b. Capex Loans - - - Office Space 841 4% 2,989 9% - Retail - - 1,125 3% - Hospitality 2,004 10% 3,368 10% c . Rental Sec
Slide 30: Receivables Profile
Receivables Profile Area in Mnsf Rs. Mn Revenue Generating Projects Developable Area 52.96 Cost Car Park Area 11.00 Saleable Area 41.96 109,508 Partner Share Prestige Share Already Balance to be Value NA Value 194,822 Incurred spent Area 9.77 Area 32.19 44,414 65,095 Sales achieved (63%) Stock (37%)
Slide 31: 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 5.39 2.88 2.22 0.90 Prestige Share in Prestige Share in Prestige Share in Prestige S
Slide 32: 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 30 September, 2014 1 Prestige Estates Projects Ltd Commercial 1.62 1.62 1.
Slide 33: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com 33
Slide 34: 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 35: Product Mix – Segment Wise
Product Mix – Segment Wise Ongoing Projects Upcoming Projects Total Area – 60.10 Mnsf Total Area – 30.95 Mnsf 2% 5% 5% Residential 10% Residential 19% Commercial Commercial Retail Retail 76% Hospitality 83% No. of Developable No. of Developable Segment Segment Projects Area (Mnsf) Projects Area (Mns
Slide 36: Product Mix – Geography Wise
Product Mix – Geography Wise Ongoing Projects Upcoming Projects Total Area – 60.10 Mnsf Total Area –30.95 Mnsf 0% 0% 1% 1% 3% Bengaluru 10% 23% Bengaluru Chennai Cochin Cochin Hyderabad Hyderabad 5% Mangaluru Mangaluru Ooty Mysure 72% 85% No. of Developable No. of Developable City City Projects Area
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 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 38: 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 23 Prestige West Holmes Mangaluru 0.06 65.00% 0.04 20 13 24 Prestige Tech Vista Bengaluru 0.12 60.00% 0.07 30 18 25 Prestige Brooklyn Heights Bengaluru
Slide 39: 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 40: 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 41: 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 Kakanad Property Cochin 0.80 70.00% 0.56 3 Prestige Greenmoor Bengaluru 0.39 25.00% 0.10 4 Prestige South Woods Bengaluru 1.28 67.00% 0.86
Slide 42: Upcoming Projects – Commercial and Retail
Upcoming Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Kakanad Property 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 Bengaluru 1.25 90.00%
Slide 43: 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 44: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com 44
Slide 45: 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 46: 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 46
Slide 47: Board of Directors
Board of Directors Irfan Razack Rezwan Razack Noaman Razack Chairman & Managing Director Joint Managing Director Wholetime Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Independent Director Independent Director Independent Director Independent Director 47
Slide 48: Executive Management
Executive Management Faiz Rezwan Uzma Irfan Sana Rezwan Zackria Hashim Zaid Sadiq Executive Director Executive Director Executive Director Executive Director Executive Director Contracts & Projects Corporate Comm. Retail Land Acquisition Liasioning & Hospitality Venkat K Narayan V. Gopal Arvind Pai
Slide 49: Shareholding Pattern
Shareholding Pattern Retail Mutual Funds 2% 6% FIIs 22% Promoters 70% As on 30 September, 2014 www.prestigeconstructions.com 49
Slide 50: Awards & Recognition
AWARDS & RECOGNITION www.prestigeconstructions.com 50
Slide 51: Awards & Recognition
Awards & Recognition Realty Plus Awards Forum Sujana- Retail property of the Realty Plus Scrol of honor to Mr. Irfan year by Realty Plus Awards Razack, CMD Prestige Khoday Towers- Commercial Prestige White Meadows- Residential property of the year by Realty Plus property of the year by Realty Plus A
Slide 52: Project Snapshot – A Virtual Tour
PROJECT SNAPSHOT A Virtual Tour www.prestigeconstructions.com 52
Slide 53: Project Snapshots - New Launches: Prestige Leela Residences
Project Snapshots - New Launches during the quarter Prestige Leela Residences Perspective 53
Slide 54: Project Snapshots - New Launches: Prestige Gulmohar
Project Snapshots - New Launches during the quarter Prestige Gulmohar Perspective 54
Slide 55: Project Snapshots - New Launches: Prestige Bagmane Temple Bells
Project Snapshots - New Launches during the quarter Prestige Bagmane Temple Bells Perspective 55
Slide 56: Project Snapshots – Completions during the quarter
Project Snapshots – Completions during the quarter Forum Sujana Prestige Philadelphia Cessna Business Park B8 Prestige Oasis II 56
Slide 57: Project Snapshots – Completions during the quarter
Project Snapshots – Completions during the quarter Prestige Technopolis Prestige Khoday Towers 57
Slide 58: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Ferns Residency Prestige Park View Prestige Bella Vista Prestige Casabella 58
Slide 59: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige White Meadows Prestige Lakeside Habitat Prestige Edwardian Prestige Garden Bay 59
Slide 60: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Glenwood Prestige Downtown Prestige Mayberry Prestige Sunny Side 60
Slide 61: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Hermitage Kingfisher Towers 61
Slide 62: Project Snapshots – Commercial Projects
Project Snapshots – Commercial Projects Current Construction Progress Prestige Trinity Centre Prestige Falcon Tower Prestige Tech Platina Prestige Trade Tower 62
Slide 63: Project Snapshots – Retail Projects
Project Snapshots – Retail Projects Current Construction Progress Forum Shantiniketan Mall Mysore Central Mall Forum Mysore Mall 63
Slide 64: Project Snapshots – Hospitality Projects
Project Snapshots – Hospitality Projects Current Construction Progress Marriot CONRAD 64
Slide 65: Guidance vs Achieved
GUIDANCE VS ACHIEVED www.prestigeconstructions.com 65
Slide 66: 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 28,932 58% Turnover (Rs Mn) 27,000 11,999 44% Collections (Rs. Mn) 28,500-30,000 15,708 55% Launches (Mnsf) 14-16 7.38 53% Completions (Mnsft) 10-12 6.75 68% Leasing (Mnsf) 2.0
Slide 67: 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 68: 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
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