Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q4 FY2021 Earnings Presentation
34 slides from Prestige Estates Projects's earnings presentation, 2021
Slide 1: Investor Presentation Q4FY21 | FY2020-21
INVESTOR PRESENTATION Q4FY21 | FY2020-21
Slide 2: Presentation Index
PRESENTATION INDEX Operational Highlights Financial Highlights SALES | COLLECTIONS | LAUNCHES REVENUE | MARGINS | DEBT COMPLETIONS… PROFILE.. Segment Review About Prestige Group RESIDENTIAL | OFFICE | SHOPPING MALLS SCALE | MANAGEMENT | TRACK | LUXURY HOTELS | PROPERTY MGT RECORD.. 02
Slide 3: Operational Highlights Q4FY21
OPERATIONAL HIGHLIGHTS Q4FY21 ₹ 18,504 mn ₹ 17,676 mn 4.74 mn sft ₹ 953 mn New Sales Collections New Launch Rentals (PGS) Up 53% YoY Up 32% YoY Prestige Park Drive Office From 2.76 mn sft, ₹ 6705/sf PGS- ₹14,190 mn Prestige Lake Shore Drive Shopping Malls PGS- ₹ 14,731 mn (PY- ₹ 10,909 mn) Volume- 2
Slide 4: Operational Highlights Full Year
OPERATIONAL HIGHLIGHTS Full Year ₹ 54,608 mn ₹ 50,752 mn 11.85 mn sft New Launch ₹ 7,169 mn Record Sales Collections Prestige Tranquil Rentals (PGS) Prestige Windsor Park Up 20% YoY Up 9% Prestige Primrose Hills Office Prestige Waterford From 8.16 mn sft, ₹ 6,689/sf PGS- ₹ 40,323 mn Shopping Malls P
Slide 5: Financial Highlights Q4FY21
FINANCIAL HIGHLIGHTS Q4FY21 ₹ 23,606 mn ₹ 6,429 mn ₹ 13,505 mn 27.23% Revenue EBITDA PAT EBITDA% ₹ 19,282 MN (PY) ₹ 5,282 MN (PY) ₹ 878 MN (PY) Higher PAT is on account of 57.17% exceptional items (from Blackstone transaction) of Rs PAT% 11758 mn (post tax) 5
Slide 6: Financial Highlights Full Year
FINANCIAL HIGHLIGHTS FULL YEAR ₹ 75,018 mn ₹ 22,096 mn ₹ 15,521 mn 29.45% Revenue EBITDA PAT EBITDA% ₹ 82,433 MN (PY) ₹ 24,745 MN (PY) ₹ 5486 MN (PY) 20.69% PAT% 6
Slide 7: Debt Profile
DEBT PROFILE 19% 22% DER at 0.19x 7% Net Debt stood at ₹ 13,141 mn, with avg. cost borrowing at 9.8% Networth at ₹ 70,951 mn. 3% 25% 24% Project Debt - Resi Office Capex Hospitality Capex Retail Capex Rental Securitisation Loans Receivables discounting loans 07
Slide 8: Residential Segment
RESIDENTIAL SEGMENT ACROSS 11 LOCATIONS 120 32 Completed Projects Ongoing Projects Across 90 mnsft Across 37 mnsft 14 CRISIL DA1 Under planning Projects Across 39 mnsft Graded Projects 08
Slide 9: Ongoing Projects
ONGOING PROJECTS S.No. Project City/State TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Botanique Bengaluru 0.10 55.00 0.06 2 Prestige Dolce Vita Bengaluru 0.16 60.00 0.10 3 Prestige Elysian Bengaluru 1.11 30.60 0.34 4 Prestige Fairfield Bengaluru 0.54 27.03 0.15 5 Prestige Finsb
Slide 10: Ongoing Projects
ONGOING PROJECTS S.No. Project City/State TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 16 Prestige Vista Towers Bengaluru 0.26 51 0.13 17 Prestige Waterford Bengaluru 1.75 60 1.05 18 Prestige Willow Tree Bengaluru 0.91 62 0.57 19 Prestige Woodland Park Bengaluru 0.38 50 0.19 20 Prestige Ci
Slide 11: Cash Flow from Under Construction Projects
CASH FLOW FROM UNDER CONSTRUCTION PROJECTS Particulars Area in Mn Sft ₹ Mn % Total Developable Area 84.79 Car Park Area 22.95 Total Saleable Area 61.85 PG area share 47.38 Estimated Value 3,26,261 Sold 35.84 2,51,224 76 Collections 2,02,613 Balance to collect 48,611 Stock 11.54 75,036 24 Recovery fr
Slide 12: Projects Under Planning
PROJECTS UNDER PLANNING Prestige Share S.No. Project State/City TDA in Mn Sft Economic Interest (Mnsft) 1 Prestige Glenbrook Bengaluru 0.58 100.00 0.58 2 Prestige Green Gables Bengaluru 0.72 60.00 0.43 3 Prestige Maple Heights Bengaluru 0.28 65.00 0.18 4 Prestige Misty Waters- Phase III Bengaluru 0.
Slide 13: Cash Flow from Under Planning Projects
CASH FLOW FROM UNDER PLANNING PROJECTS Particulars Area in Mn Sft ₹ Mn Total Developable Area 32.92 Car Park Area 6.51 Total Saleable Area 26.41 PG area share 21.53 Estimated Value-A 1,67,287 Cost of Development 1,06,468 Incurred as of Q4F21 10,268 Balance to spend-B 96,200 RD Paid-C 575 Free Cash f
Slide 14: Office Segment
OFFICE SEGMENT 112 13 Completed Projects Ongoing Projects Across 36 mnsft Across 19 mnsft 13 GRADE A Under planning Projects Across 25 mnsft ₹2,340 mn exit rent pa ₹25,000+ mn Projected Rent pa Company Since 014
Slide 15: Operating Assets – Exit rental of ₹3,480 mn
OPERATING ASSETS – Exit rental of ₹ 3,480 mn Total Economic Area Leased PGS S.No. Project Name Segment Leasable Area Interest (%) Prestige Share Rent P.A. 1 Prestige Logistic Centre Commercial 0.38 100.00 0.38 79.41 2 Prestige Polygon Commercial 0.33 100.00 0.33 292.61 3 West Palm Developers Pvt Ltd
Slide 16: Operating Assets – Exit rental of ₹3,480 mn
OPERATING ASSETS- Exit rental of ₹ 3,480 mn Total Economic Economic Area Leased Interest S.No. Project Name Leasable Area Interest (%) (MnSf) Prestige Share Rent P.A. 1 Prestige Star Tech 0.16 51 0.08 0.08 90 2 Prestige Phoenix 0.05 50 0.02 0.02 16 3 Prestige Mysore Central 0.02 65 0.02 0.02 7 Incre
Slide 17: Ongoing Projects – 19 Mn Sf TDA
ONGOING PROJECTS – 19 MN SF TDA S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Tech Cloud Bengaluru 4.65 86.00 4.00 2 Prestige Tech Park IV Bengaluru 0.59 100.00 0.59 3 Prestige Minsk Square Bengaluru 0.58 55.00 0.32 4 Prestige Summit Bengaluru 0.19 50.00
Slide 18: Upcoming Projects – 25 Mn Sf TDA
UPCOMING PROJECTS- 25 MN SF TDA S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Capital Square Bengaluru 0.16 65.00 0.11 2 Prestige Smart City Bengaluru 0.53 60.00 0.32 3 Prestige Southwark Bengaluru 1.64 69.70 1.14 4 Prestige Tech Forest Bengaluru 2.75 68.
Slide 19: Shopping Malls
SHOPPING MALLS 10 3 Completed Projects Ongoing Projects Across 7 mnsft Across 3 mnsft 3 Under planning Projects Across 3 mnsft FORUM ₹1,027 ₹3,000+ mn Exit Rent pa mn Projected Rent pa 19
Slide 20: Ongoing and Upcoming Mall Projects
ONGOING PROJECTS- 3 MN SF TDA UPCOMING PROJECTS- 3 MN SF TDA Projects Location TDA PGS% PGS Projects Location TDA PGS% PGS Falcon City Forum Mall Bengaluru 0.98 49.00 0.48 Forum One OMR Chennai 1.45 47.60 0.69 Falcon City Forum Mall Bengaluru 0.29 100.00 0.29 Forum Neighbourhood Mall Kochi 0.52 70.0
Slide 21: Luxury Hotels
LUXURY HOTELS 1,071 KEYS OPERATIONAL 1,229 KEYS ONGOING 367 KEYS UNDER PLANNING ₹5177+ mn Projected Rent pa ( ₹2638 MN YIELDING) 21
Slide 22: Ongoing and Upcoming Hotel Projects
ONGOING PROJECTS- 1229 KEYS UPCOMING PROJECTS- 367 KEYS Projects Location Keys PGS% PGS Projects Location Keys PGS% PGS Prestige Hillside Retreat- Tribute Bengalur Portfolio u 102 100.00 102 JW Marriott Hotel Bengaluru 297 100.00 297 MOXY Chennai OMR Chennai 125 70.00 88 DIAL Delhi 932 50.00 466 Tri
Slide 23: Property Management
250 83 Completed Projects Pipeline Projects Across 136 mnsft Across 123 mnsft PROPERTY MANAGEMENT ₹5200+ mn Revenue pa ₹ 10,000+ mn incremental revenue pa 23
Slide 24: Land Bank
LAND BANK S.No . Entity Name Location (Acres) Interest Share (Acres) Prestige Bidadi Holdings Pvt 1 Ltd Bidadi,Bengaluru 143 100% 143 2 Village De Nandi Pvt Ltd Bengaluru 25 100% 25 3 Eden Investments Goa 74 78% 58 4 Prestige Estates Projects Ltd Chennai 20 66% 13 Total 262 239 Potential Developable
Slide 25: Mumbai Projects
Mumbai Projects Estimated Values in Rs mn Total Revenue / Prestige Salable/Leas Average rate Value Rental per Prestige Group Projects in Mumbai Share able /sft (SBA) Rent/ sf/m potential annum Prestige Cosmos (Mulund Project) 100% 5.00 16,500 82,500 Prestige Jasdan Classic 100% 0.61 35,000 21,350 Je
Slide 26: COVID Relief and Employee Safety Measures
COVID Relief and Employee safety Measures- 11,000 workforce vaccinated 1. Target to vaccinate 20,000 workforce along with their families (including construction workers and their families.). 2. For this initiative, the group has partnered with Vikram Hospital, Manipal Hospital, CFS, BBMP (Bengaluru’
Slide 27: 34+ Years of Trust
34+ Years Of trust… Residential | Office | Shopping Malls | Hospitality | Property Management 27
Slide 28: 250 Projects Completed Since Inception
250 Projects across 136 mn sf Completed since inception CRISIL DA1 Residential | Office | Shopping Malls | Hospitality | Property Management
Slide 29: Scale of Operation | Summary
SCALE OF OPERATION | SUMMARY Area In mn sf Plotted Area in mn sf Residential Commercial Retail Hospitality Development Total Particulars Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects 112 83.02 112 36.22 10 7.08 8 2.56 8 7.42 250 136.30 Ongoing Projects 30 36.02 13 18
Slide 30: Board
BOARD Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Whole-time Director Whole-time Director Dr. Pangal Ranganath Nayak Neelam Chhiber Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Independent Independent Independent Independent Independent
Slide 31: Executive Management
EXECUTIVE MANAGEMENT Faiz Rezwan Zaid Sadiq Anjum Jung Zayd Noaman Executive Director- Executive Director- Executive Director- Interior Executive Director- CMD’s Contracts & Projects Liasion & Hospitality Design Office Omer Bin Jung Nayeem Noor Zackria Hashim Venkat K Narayan Executive Director- Hos
Slide 32: Executive Management
EXECUTIVE MANAGEMENT Suresh Singaravelu Swaroop Anish Arvind Pai Executive Director- Retail, Executive Director- Business Executive Director- Legal Hospitality Development V.V.B.S. Sarma Lt. Col. Milan Khurana (Retd.) V. Gopal Chief Financial Officer Executive Director – HR, IT & Admin032 Executive
Slide 33: 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 34: Thank You
INVESTOR PRESENTATION Thank You For any queries Please contact, E: investors@prestigeconstructions.com Registered Office- No. 19, Brunton Road,( Off M.G Road ) Bangalore 560 025 Landmark- Trinity Metro Station T: +91 -80 –25001 248, F: + 91 –80 -25591945, Website: www.prestigeconstructions.com
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