Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Investor Presentation (October 2006)
35 slides from Peninsula Land's investor presentation, October 2006
Slide 1: Peninsula Land Limited
Peninsula Land Limited October, 2006 1
Slide 2: Agenda
Agenda Sections Indian Real Estate Overview Peninsula Land Limited – An Overview Projects Overview Strengths and Strategy Clients Financial Overview 2
Slide 3: Indian Real Estate Overview
Indian Real Estate Overview 3
Slide 4: Changing Face of the Sector
Changing Face of the Sector • Reforms Process in Real Estate – Central government paving the way for repeal of Urban Land Ceiling Act (ULCA); Act repealed in nine states – Modification of the Rent Control Act – Rationalisation of property taxes in many states – Proposed computerisation of land recor
Slide 5: Large & Growing Real Estate Market
Large & Growing Real Estate Market (1) (US$ bn) 45 % 20 15 1.0 1.5 2.5 10.0 Residential Commercial Retail Hospitality Total 2012E 2006 ~ $15bn annual investments growing @ 15-20% p.a. (1) ML Research Estimates 5
Slide 6: Huge Growth Potential in Residential Real Estate
Huge Growth Potential in Residential Real Estate Housing Shortage (1) 250 23 25 Usable Housing Stock & No of Households (mm) 22 209 20 200 19 190 20 191 Shortfall (mm) 153 172 150 14 15 123 130 15 97 102 100 84 83 10 70 50 5 0 0 1961 1971 1981 1991 2001 2005 No of Households Usable Housing Stock Sho
Slide 7: Huge Growth Potential in Commercial Real Estate
Huge Growth Potential in Commercial Real Estate Demand for office space by IT/ITES would be 150 mn sft in 2010(1) Assuming demand for office space by IT/ITES as 75% of total demand, the total demand for office space is likely to be 200 mn sft in 2010 (US$ bn) 40 6% 35 36.3 4.8% 5% 30 4.1% 3.5% 4%
Slide 8: Organized Retail – the way ahead
Organized Retail – the way ahead Indian Organised Retail Growth Drivers US$ billion per annum 45-50 • Consumption Patterns – Rising incomes and 22-25 changing lifestyles – Shift in consumer behaviour 7-8 with demand for a quality shopping experience 2005 2010 2015 • Growing number of shapers – 80+ r
Slide 9: Peninsula Land Limited – An Overview
Peninsula Land Limited – An Overview 9
Slide 10: Group Overview
Group Overview THE ASHOK PIRAMAL GROUP TEXTILES ENGINEERING REAL ESTATE RETAIL DEVELOPMENT Piramyd Retail Morarjee Textiles Peninsula Land Limited Limited Limited Integra Morarjee Apparels & International Textiles srl Lifestyle Retail Food, Home & Pvt Limited (Piramyd Megastore) Personal Care (Truma
Slide 11: Group Corporate Structure
Group Corporate Structure Urvi Piramal Group Chairperson Jaydev Mody Mahesh Gupta Group Director Group Executive Director V Hariharan Group CFO Anil Noronha Sr Vice President Human Resource Hardik Dhebar M V Balajee General Manager General Manager Group Treasury Group Legal & Secretarial 11
Slide 12: Organization Structure of the Company
Organization Structure of the Company Rajeev Piramal Executive Vice Chairman Rajesh Jaggi Managing Director Sanjay Position Giridhar Mhapankar vacant Rajagopalan CEO, Peninsula Vice Vice Facility President President Management Finance Projects Pranav Dholakia Ramesh Austin Anil Dwivedi General Ranga
Slide 13: Operational Milestones of the Company
Operational Milestones of the Company 1997 Real estate foray through Piramal Holdings Limited 1999 Developed “Crossroads” - the first international quality mall in India 2001 First corporate to receive permission to commercially develop private textile mill land in Mumbai 2003 Peninsula Corporate Pa
Slide 14: Diversified Real Estate Development Co
Diversified Real Estate Development Co A Diversified Real Estate Development Company renowned for its international landmark developments across Residential, Commercial and Retail properties under the following brands: 9 Ashok - Residential 9 Peninsula – Commercial 9 Crossroads - Retail 14
Slide 15: Value Creators
Value Creators 91st Indian developer to develop an International style modern shopping mall - “CROSSROADS” in Mumbai 91st Indian developer of an integrated shopping mall – “CR2” at Nariman Point, Mumbai 9Ready market for the Company’s retail properties due to high construction quality & strong corpo
Slide 16: Value Creators
Value Creators 9Amongst the early developers to convert private textile mill land into Mumbai’s most preferred office destination – “THE PENINSULA CORPORATE PARK” 9Value addition for Corporate occupants in the company’s commercial projects PENINSULA CORPORATE PARK (Lower Parel – Central Mumbai Leadi
Slide 17: Projects Overview
Projects Overview 17
Slide 18: Completed Projects
Completed Projects Project Name: Crossroads –Project Location – Haji Ali, Mumbai –Project Type - Retail –Project Area – 1.50 lacs sq ft Low Risk Strategy Full cost of Project was recovered by pre selling a part of the project to “McDONALDS” chain Project Details Particulars Actuals Project Construct
Slide 19: Completed Projects
Completed Projects Project Name: Peninsula Corporate Park –Project Location – Lower Parel –Project Type - Commercial –Project Area – 10.00 lacs sq ft Highlights •Amongst the 1st integrated office complex built on private textile mill land in Mumbai Project Details Particulars Actuals Project Constru
Slide 20: Completed Projects
Completed Projects Project Name: Palm Beach – Project Location – Worli, Mumbai – Project Type - Residential – Project Area – 35,000 sq ft Highlights • A premium residential development situated in South Mumbai Project Details Particulars Actual Project Period 26 months Project Cost Rs 10 crs Project
Slide 21: Completed Projects
Completed Projects Project Name: Mass Housing Project – Project Location – North Mumbai – Project Type - Residential – Project Area – 8 lacs sq ft Highlights • A Mass housing project for Mumbai Metropolitan Regional Development Authority (MMRDA) under the MUIP scheme Project Details Particulars Actu
Slide 22: Current Projects
Current Projects Project Name: Peninsula Technopark – Commercial Ashok Gardens - Residential – Project Location – Near Bandra Kurla Complex – Total Project Area – 18 lacs sq ft – Estimated Completion Date : Commercial - March, 2009 & Residential – September 2008 Deal Structuring expertise - Joint De
Slide 23: Current Projects
Current Projects Project Name: Ashok Towers – Project Location – Central Mumbai, Near ITC Sheraton Hotel – Project Type – Residential – Project Area – 11 lacs sq ft – Estimated Completion Date – March, 2008 Highlights • A premium residential project located adjacent to ITC Sheraton Hotel – Parel, Mu
Slide 24: Future Projects
Future Projects Project Name : Peninsula Business Park Project Type : Commercial Project Location : Lower Parel, Mumbai Saleable Area – 6 lacs sq ft Expected Completion Date – FY 2009 Expected Average booking rate – Rs 18,000 – Rs 20,000 per sq ft Deal Structuring expertise - Merger of Dawn Mills Lt
Slide 25: Future Projects
Future Projects Special Economic Zone (SEZ) projects by the Company Project Location Approx. Expected Saleable Area Completion Date Goa SEZ – Biotech Park Goa 41 lacs sq ft FY 2011 Goa SEZ – Gem & Jewellary Park Goa 18 lacs sq ft FY 2011 Goa SEZ – Biotech park Goa 98 lacs sq ft FY 2011 Pune IT-SEZ*
Slide 26: Strengths and Strategy
Strengths and Strategy 26
Slide 27: Competitive Strength
Competitive Strength Strong Pedigree Belongs to the “Ashok Piramal Group” Low Risk Strategy • Carrying land stock for 3 to 5 years requirement • Strategy to cover the total project cost by part selling at the beginning of the project • Strong Brand equity helps achieve higher pre sales in its proj
Slide 28: Competitive Strength
Competitive Strength Start to Finish In-House Project Management Capabilities Facilities Market Management Assessment Land Sales Acquisition and & Marketing Feasibility Project Project Concept Management and Design 28
Slide 29: Business Strategy
Business Strategy Aspire to expand geographical presence with special emphasis on Mumbai, Pune & Goa Strategy is to strengthen presence in key asset classes 9 Residential - High end segment development to be taken up in select locations across India - Mid to High end segment development to be fo
Slide 30: Clients
Clients 30
Slide 31: Clients
31 ASHOK ; PIRAMAL Clients GROUP Deutsche Bank {4 5 SANDOZ anil Ermenegildo Zegna Micictessus ra \ | PNiitel | MetLife’ \ an Express Yourself VERSACE : @ @ @ OMKOLK Mas = LIFE INSURANCE Jeene ki azaadi Pe cicl amarchand mangaldas INDIA = HSBC <> LACOSTE REUTERS ‘} @rotak me a = Minchener Rick TATA M
Slide 32: Financial Overview
Financial Overview 32
Slide 33: Profit & Loss Account
Profit & Loss Account (Figures in Rs MM) Unaudited Audited Quarter end 30- FY2006 09-2006 (15 months) Revenue 1368.2 2933.3 EBITDA 835.0 1895.1 Depreciation 5.3 63.1 EBIT 829.7 1832.1 Interest 21.1 177.5 EOI (39.9) 55.0 Tax 0.9 3.9 PAT 767.8 1441.9 EPS (Rs)(Not 19.44 36.51 33 Annualized)
Slide 34: Shareholding Pattern 30-09-2006
Shareholding Pattern 30-09-2006 Particulars No of Shares % Promoters 28,528,947 72.2 Banks/Insurance Co’s/MF 2,452,172 5.5 FII’s/Foreign Bodies Corporate/NRI 364,747 0.3 Public 8,124,455 22.0 Total 39,490,244 100.0 Current Authorized Share Capital is Rs. 520 mn Paid up share capital to go up by Rs
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