Puravankara Limited · NSE:PURVA
Puravankara — Q3 FY20 Earnings Presentation
36 slides from Puravankara's earnings presentation, Feb 14, 2020
Slide 1: Exchange filing cover letter
February 14, 2020 The General Manager – DCS, The Manager, Listing Operations-Corporate Services Dept. Listing Department, BSE Ltd. National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Rotunda Building, Exchange Plaza, 5th Floor, Plot No. C/1, G 'P J. Towers, Dalal Street, Fort, Mumbai
Slide 2: Investor Presentation Q3 FY20
Investor Presentation Q3 FY20
Slide 3: Table of Contents
Table of Contents * Company Overview 3-5 * Development Bank 6-8 * Operational Overview – Area and Sales 9-12 * Launch pipeline 13 * Update of Financials 14-16 * Cash Flow Statements 17-18 * Debt 19 * Appendix 1 : Project Status 20-24 * Appendix 2 : Other corporate information 25-29 * Appendix 3 : Pr
Slide 4: Company Overview
Company Overview Actual site picture – Purva Palm Beach 3
Slide 5: Company Overview – Iconic Brands in Real Estate
Company Overview – 2 Iconic Brands in Real Estate • Leading real estate enterprise providing diversified premium and affordable residential housing and commercial spaces • Over 4 decades of domain expertise, completed 70 projects measuring over 40.78msft • Diversified across markets, brands and deve
Slide 6: World Class Technology Collaborations and Partnerships
World Class Technology Collaborations and Partnerships • Starworth Infrastructure and Construction Limited – wholly owner subsidiary focussed on technology enabled construction solutions • Build-Design, Civil and MEP Capabilities for a wide variety of real estate and infrastructure projects • 100% p
Slide 7: Development Bank
PURAVANKARA Development Bank ahh ; iis A 1 cm = a . at
Slide 8: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 29.81 11.77 41.03 52.80 Chennai 6.26 1.64 11.71 13.35 Hyderabad 0.59 2.35 - 2.35 Kochi 1.89 3.43 4.21 7.64 Others 1.39 0.42 1.01 1.43 West India 0
Slide 9: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of Provident accounts for 87% of the launch pipeline; in line ongoing and 91% of new launches* with the market trends and the Group‘s strategy 9% New Launches 13% 2% New Launches 15% 41% Ongoing Ongoing 15% 51% 46% 54%
Slide 10: Operational Overview – Area and Sales
Operational Overview – Area and Sales 9
Slide 11: Project Delivery
Project Delivery in million sq. ft. (numbers in million sq. ft.) FY16 FY17 FY18 FY19 9MFY20 Opening Area 24.01 23.64 24.92 20.82 23.08* Add: Launches/Revisions during the period 1 2.46 4.77 1.96 3.95 2.21 Less: Completed during the period 2 -2.83 -3.49 -6.06 -1.69 -2.30 Closing Area 23.64 24.92 20.8
Slide 12: Better Price Realisations across all categories – Q3FY20
Better Price Realisations across all categories – Q3FY20 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Dec-19 Dec-18 % Dec-19 Dec-18 % Dec-19 Dec-18 % Dec-19 Dec-18 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.31 0.35 -10% 200 216 -7% 216
Slide 13: Improved Price Realisations across almost all segments – 9MFY20
Improved Price Realisations across almost all segments – 9MFY20 Based on Bookings 9M Ended Area Sold Units Sold Sale Value Sale Realization Dec-19 Dec-18 % Dec-19 Dec-18 % Dec-19 Dec-18 % Dec-19 Dec-18 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 1.25 0.85 46% 882 551 60% 86
Slide 14: Launch Pipeline – sizeable Provident, opportunistic Puravankara
Launch Pipeline – sizeable Provident, opportunistic Puravankara Sr. no Location/ Project City Development Model Development Type Developable Area PPL Share in JD Saleable area Expected launch date Name (msft) Puravankara Brand 1 Westend 2 Bengaluru Joint Development Residential 0.10 78% 0.08 Launch
Slide 15: Update on Financials
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Slide 16: Income Statement for Quarter Ended 31st December
Income Statement for Quarter Ended 31st December All numbers in INR Cr Particulars Q3FY20 Unaudited Q2FY20 Unaudited Q3FY19 Unaudited Income from operations Revenue from projects 516.99 611.81 545.19 Other Income 11.12 12.00 20.47 Total Income from operations 528.11 623.81 565.66 Expenses Sub-contra
Slide 17: Income Statement for 9 Months Ended 31st December
Income Statement for 9 Months Ended 31st December All numbers in INR Cr Particulars 9MFY20 Unaudited 9MFY19 Unaudited Income from operations Revenue from projects 1,758.85 1,404.40 Other Income 38.62 55.24 Total Income from operations 1,797.47 1,459.64 Expenses Sub-contractor cost 275.26 251.18 Cost
Slide 18: Cash Flow Statement
Cash Flow Statement All numbers in INR Cr Cash Flow Statement Q3 FY 2020 9M FY 2020 9MFY 19 Operating Inflows 447 1,398 1,128 Operating Outflows -283 -893 -954 Operating Surplus 164 505 174 Less Interest Cost( Net ) -82 -248 -246 Tax Paid -12 -20 -16 Operating Surplus after tax and interest 70 237 -
Slide 19: Projected Cash Flow: Visibility from ongoing open for sale units
Projected Cash Flow : Visibility from ongoing open for sale units All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 777 1,130 1,907 Value of Inventory open for sale 2 (B) 3,739 1,846 5,585 Balance cost to go 3 (C) 1,371 1,288 2,659 Surplus (A) + (B) – (C) (D
Slide 20: Debt Profile – Reduction in Gross Debt by 180 Cr during 9MFY20
Debt Profile – Reduction in Gross Debt by 180 Cr during 9MFY20 in Rs. Cr Q3FY20 Q2FY20 Q1FY20 Q4FY19 Q3FY19 Opening Balance 2,827 2,889 2,921 2,902 2,642 Net Addition (Repayment) -86 -62 -32 19 260 Debt Outstanding 2,741 2,827 2,889 2,921 2,902 Less: Cash and Cash Equivalents 151 213 190 178 153 Net
Slide 21: Appendix 1: Project Status
Appendix 1 : Project Status 20
Slide 22: Appendix 1 – Project Status
Appendix 1 – Project Status 21
Slide 23: Project Status – Completed Projects as on 31st Dec 2019
Project Status – Completed Projects as on 31st Dec 2019 JD / JV Share for Puravankara's Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % Puravankara 1 Amaiti Trichy Road
Slide 24: Project Status – Under Construction as on 31st Dec 2019
Project Status – Under Construction as on 31st Dec 2019 JD / JV Share for Puravankara's Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % Puravankara 1 Atmosphere Thanisa
Slide 25: Project Status – Not yet open for Sale units as on 31st Dec 2019
Project Status – Not yet open for Sale units as on 31st Dec 2019 JD / JV Share Puravankara's Share - S.No. Project Location Developable Area Total Flats for Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % Puravankara 1 Amaiti II
Slide 26: Appendix 2: Other Corporate Information
Appendix 2: Other Corporate Information 25
Slide 27: Governance Structure to drive long term growth
Governance Structure to drive long term growth Executive Team Non Executive Directors Anup Shah Sanmukh Ravi Puravankara Non- Executive Independent Director Chairman • Bachelor’s degree in Commerce and Law • Over 44 years of experience in real estate Over 39 years of experience in field of law, indu
Slide 28: Shareholding and market performance
Shareholding and market performance 26.85% Share Information (as at 31st December 2019) 14.38% NSE Ticker PURVA BSE Ticker 532891 -21.11% % free-float 25% 3M ADTV (Shares) 95,735 3M ADTV (INR mn) 6.7 PURAVANKARA SENSEX BSE Realty Industry Realty Shareholding Pattern (as at 31st December 2019) Promot
Slide 29: Awards and Accolades
Awards and Accolades 11th Franchise Estate Awards 2019_for Best 11th Franchise Estate Awards 2019_for Best 11th REALTY+ EXCELLENCE AWARDS 2019 – 11th REALTY+ EXCELLENCE AWARDS 2019 – Affordable Budget Housing Developer of the Themed Project of the Year_West_Adora De SOUTH - Affordable Housing Projec
Slide 30: Media & Capital Market Recognition
Media & Capital Market Recognition Focused innovative strategy for Affordable Housing along with introduction of new ‘Ultra Luxury’ residential line and expanding our footprint in Pune has helped in strengthening our position as a thought leader in the industry @Puravankara Q3 FY19-20 29
Slide 31: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects 30
Slide 32: Our Completed Projects
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Slide 33: Our Ongoing Projects
PURAVANKARA Our Ongoing Projects
Slide 34: Our Ongoing Projects
PURAVANKARA ing Projects Our Ongo Fj SENT SPURAVANKARA,
Slide 35: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Puravankara Ltd.'s future business prospects and business profitability, which are subject to a number of ri
Slide 36: Thank You
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Investor Relations Contact: Mr. Kuldeep Chawla, Chief Financial Officer Email: kuldip@puravankara.com ; Tel: +91-80-43