Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q2 FY2019 Earnings Presentation
75 slides from Phoenix Mills's earnings presentation, Nov 6, 2018
Slide 1: Cover letter to stock exchanges
�'9" t_. THE PHOENIX MILLS LIMITED Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel : (022) 3001 6600 Fax : (022) 3001 6601 CIN No.: L17100MH1905PLC000200 November 06, 2018 The Corporate Relationship Department BSE Limited
Slide 2: Investor Presentation Q2 FY2019 Results
Investor Presentation Q2 FY2019 Results Phoenix MarketCity Bangalore
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Q2 & H1FY19 Highlights
Q2 & H1FY19 Highlights Overview and Strategy Financial Results Business Performance Annexure 3
Slide 5: Q2 & H1FY19 Highlights
Q2 & H1FY19 Highlights Operational Consumption* 14% Retail consumption increased by 14% yoy to Rs. 16.7 bn in Q2FY19 while retail rental Rs. 16.7 bn Income is up 17% yoy in Q2FY19 at Rs. 2.4 bn Retail EBITDA came in strong at Rs. 2.2 bn, up 16% yoy for Q2FY19 High Street Phoenix, PMC Mumbai &
Slide 6: Management Commentary
Management Commentary Mr. Shishir Shrivastava, Joint Managing Director, Mr. Pradumna Kanodia, Director - Finance, The Phoenix Mills Limited The Phoenix Mills Limited “Phoenix Mills, India’s largest Retail mall developer and “At Phoenix Mills, we are focused on delivering superior operator, has deliv
Slide 7: Overview and Strategy
Q2 FY19 Highlights Overview and Strategy Financial Results Business Performance Annexure
Slide 8: Portfolio Overview
Portfolio Overview Retail Portfolio Office Portfolio Hospitality Portfolio Residential Portfolio Portfolio Size: 6mn sq ft Portfolio Size: 1.16 mn sq ft Portfolio Size: 588 keys Portfolio Size: 3.72 mn sq ft Own, develop and manage Own and develop commercial Own and develop marquee Develop and sell
Slide 9: Our Annuity Income-Generating Portfolio
Our Annuity Income-Generating Portfolio OPERATIONAL PORTFOLIO PORTFOLIO UNDER DEVELOPMENT MALL PORTFOLIO MALL PORTFOLIO (4.60 MSF) (5.90 MSF) HSP & Palladium Mumbai 0.74 Phoenix MarketCity Pune 1.0 Phoenix MarketCity Chennai 1.00 Wakad Palladium Chennai 0.22 Phoenix MarketCity Bengaluru 1.0 Hebbal P
Slide 10: Our Residential Development Portfolio
Our Residential Development Portfolio Kessaku One Bangalore West RESIDENTIAL PORTFOLIO Total Area launched Balance Project Area (msf) area (msf) (msf) UNDER CONSTRUCTION One Bangalore West 0.97 0.2 0.72 - Towers 6-9 Kessaku, Bengaluru 0.99 0.57 0.42 Total 1.96 0.82 1.14 COMPLETED One Bangalore West
Slide 11: Presence Across Key Gateway Cities in India
Presence Across Key Gateway Cities in India 10
Slide 12: The PML Advantage
The PML Advantage Annuity-led • 90% of revenues from annuity-led businesses: Retail, Commercial and Hotel Business Model • 10% of revenues from Residential development Synergies from • Retail-led mixed use developments, in tune with modern consumer lifestyles (work-life-play) Mixed-use • Synergies o
Slide 13: Under-construction asset update
Under-construction asset update We have closed 5 acquisitions – land parcels in Pune, Bangalore and Ahmedabad, under-construction retail assets in Lucknow and Indore in the last 18 months These acquisitions take our under-development retail leasable portfolio to c.4.6 million sft We have furth
Slide 14: Under-construction asset update
Under-construction asset update Project Partnership / owned Remarks Construction expected to commence in Q4FY19. Wakad Pune Update on Approvals: Environment clearance (EC) is currently in final stage; Consent To Establish (subject to EC approval) has already been obtained. Construction expected to c
Slide 15: Commercial asset update
Commercial asset update Fountain Remarks Head Pune Leasable area: 0.16 msf - 74% area has been leased Tower 1 Revenue generation expected to commence from Q4FY19 Tower 2 Construction likely to commence in Q4FY19 Tower 3 Construction likely to commence in Q4FY19 Fountainhead Tower 1 - Front Fountainh
Slide 16: Financial Results
Q2 & H1FY19 Highlights Overview and Strategy Financial Results Business Performance Annexure
Slide 17: Q2 & H1FY19 Standalone P&L
Q2 & H1FY19 Standalone P&L YoY % YoY % (Rs. mn) Q2 FY19 Q2 FY18 H1 FY19 H1 FY18 Change Change Income from 1,086 945 15% 2,178 1,926 13% operations EBITDA EBITDA 674 619 9% 1,362 1,259 8% 9% Rs. 674 mn EBITDA Margin (%) 62% 66% 63% 65% Profit Before Tax and 781 705 11% 1,228 1,123 11% exceptional ite
Slide 18: Standalone Balance Sheet
Standalone Balance Sheet (Rs. mn) As on Sep 30, 2018 (Rs. mn) As on Sep 30, 2018 Share capital 306 Non-current assets 36,150 Reserves and surplus 26,408 Tangible assets 6,506 Sub-Total 26,715 Capital work in progress 1,060 Minority interest - Non-current investments 26,300 Non-current liabilities 8,
Slide 19: Q2 & H1FY19 Consolidated P&L
Q2 & H1FY19 Consolidated P&L YoY % YoY % (Rs. mn) Q2 FY19 Q2 FY18 H1 FY19 H1 FY18 Change Change Income from 4,047 3,706 9% 8,179 7,665 7% operations Retail 2,839 2,557 11% 5,744 5,178 11% EBITDA 11% Residential 243 238 2% 524 715 -27% Rs. 1,982 mn Commercial 161 153 5% 310 264 17% Hospitality & Othe
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet (Rs. mn) As on Sep 30, 2018 (Rs. mn) As on Sep 30, 2018 Share capital 306 Non-current assets 82,224 Reserves and surplus 31,786 Tangible assets 60,899 Sub-Total 32,093 Capital work in progress 8,502 Minority interest 10,745 Non-current investments 3,711 Non-current liabili
Slide 21: Debt Profile
Debt Profile Average cost of borrowing up only slightly to 9.14% Status Asset Class Amount (Rs. mn) Retail 33,462 97% of Debt is long-term. Long-term debt is primarily Hospitality 5,989 lease-rental discounting & CMBS Operational Commercial 1,549 Very modest debt maturities of Rs 2-3bn per yea
Slide 22: Effective Cost of Debt & Maturity Profile
Effective Cost of Debt & Maturity Profile Effective cost of debt (%) Debt Maturity Profile (Rs. mn) 13.0% 12.5% 12.3% 21,124 12.0% 11.8% 11.0% 11.5% 11.0% 10.5% 10.2% 10.0% 9.5% 8.99% 9.14% 8.94% 4,310 9.0% 3,307 2,067 2,418 8.5% 8.0% Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18 Jun-18 FY19 FY20 FY21 F
Slide 23: Q2 FY19 Debt Across Subsidiaries
Q2 FY19 Debt Across Subsidiaries PML FY18 Debt Q1FY19 Debt Q2FY19 Debt Asset Type SPV Asset Name Ownership (Rs. mn) (Rs. mn) (Rs.mn) PML Standalone High Street Phoenix, Mumbai 100% 7,174 9,263 9,254 Classic Mall Phoenix MarketCity, Chennai 50% 4,779 4,675 4,563 Development The Crest C (Residential)
Slide 24: Business Performance
Q2 & H1FY19 Highlights Overview and Strategy Financial Results Business Performance Annexure
Slide 25: Operational Update – Retail Portfolio
Operational Update – Retail Portfolio HSP & Phoenix MarketCity Phoenix United Palladium Palladium Mumbai Bangalore Chennai Mumbai Pune Bareilly Lucknow Chennai Retail Leasable/Licensable Area (msf ) 0.74 1.00 1.00 1.11 1.19 0.31 0.33 0.22 Total No. of Stores 271 295 259 315 352 144 130 77 Average Re
Slide 26: Q2 FY19 – Retail Key Highlights
Q2 FY19 – Retail Key Highlights 4,025 Consumption (Rs. mn) Total Consumption – Rs. 16.7 bn, up 14% yoy 2,867 3,181 2,937 2,283 270 724 436 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened 11% 6% 5% 18% 27% in Feb’18
Slide 27: Q2 FY19 – Retail Key Highlights
26 Q2 FY19 – Retail Key Highlights 839 Rental Income (Rs. mn) Total Rental Income – Rs.2.4 bn , up 17% yoy 376 345 385 300 63 66 53 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened 18% 10% 11% 16% 11% in Feb’18 8% 2
Slide 28: H1 FY19 – Retail Key Highlights
H1 FY19 – Retail Key Highlights 8,276 Consumption (Rs. mn) Total Consumption – Rs. 33.7 bn, up 9% yoy 5,723 6,281 5,982 4,549 478 1,508 921 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened 6% 4% 1% 14% 18% in Feb’18
Slide 29: H1 FY19 – Retail Key Highlights
28 H1 FY19 – Retail Key Highlights 1,678 Rental Income (Rs. mn) Total Rental Income – Rs. 4.8 bn, up 16% yoy 756 685 767 595 124 121 103 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened -4% 16% 10% 10% 14% 11% in Fe
Slide 30: Rental Growth outpacing Consumption Growth
Rental Growth outpacing Consumption Growth Rental growth > Consumption growth in 8 of the last 10 quarters Key Drivers P Q2 FY2019 14.0% 17.0% • Malls located at prime city-centric locations with strong P Q1 FY2019 5.0% 15.0% residential and commercial catchments, designed by P Q4 FY2018 8.5% 13.0%
Slide 31: High Street Phoenix & Palladium Mall
High Street Phoenix & Palladium Mall Strong rental Income at Rs. 839 mn, up 18% yoy Consumption (Rs. mn) 4,524 4,574 Trading Density for Q2 FY19 is at Rs. 2,935 pspm, 3,934 4,208 4,057 4,251 4,025 3,617 down 1% yoy Consumption of Rs. 4,025 mn in Q2 FY19, up 11% yoy; Q3 FY17Q4 FY17Q1 FY18Q2 FY1
Slide 32: High Street Phoenix & Palladium Mall
High Street Phoenix & Palladium Mall % yoy % y-o-y Q2 FY19 Q2 FY18 H1 FY19 H1 FY18 growth growth Rental Income (Rs. mn) ^ 839 713 18% 1,678 1,443 16% Recoveries (CAM and 247 232 6% 500 483 3% other) (Rs. mn) Total Income (Rs. mn) 1,086 945 15% 2,178 1,926 13% EBITDA (Rs. mn) 674 619 9% 1,362 1,259 8
Slide 33: High Street Phoenix & Palladium Mall
High Street Phoenix & Palladium Mall FY13-18 Rental Income (Rs.mn) CAGR – 11% 3,022 2,837 2,601 2,293 2,039 1,824 FY13 FY14 FY15 FY16 FY17 FY18 FY13-18 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 7% 16,456 2,894 3,034 15,438 16,264 2,741 14,403 2,553 13,185 2,263 11,711 2,020 FY1
Slide 34: Universal Square – New Event Space at HSP
Universal Square – New Event Space at HSP
Slide 35: Universal Square – New Event Space at HSP
Universal Square – New Event Space at HSP Rekha Bhardwaj Live in concert on 26th Oct 2018
Slide 36: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai Category changes in the retail product mix have had a Consumption (Rs. mn) positive impact on our rental income from the property 2,812 2,857 2,867 2,597 2,706 2,747 2,401 2,478 Consumption growth was at 6% while rental income growth was 10% for the quarter EBITDA fo
Slide 37: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai % yoy % yoy Q2 FY19 Q2 FY18 H1 FY19 H1 FY18 growth growth Rental Income (Rs. mn) 376 343 10% 756 686 10% Recoveries (CAM and other) 193 192 1% 394 405 (Rs. mn) Total Income (Rs. mn) 570 535 6% 1,150 1,091 5% EBITDA (Rs. mn) 395 383 3% 815 771 6% EBIDTA Margin (as % of 105%
Slide 38: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai FY14-18 CAGR – 13% Rental Income (Rs.mn) 1,394 1,286 1,196 1,109 858 FY14 FY15 FY16 FY17 FY18 FY14-18 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 12% 11,289 10,699 10,742 10,481 1,480 1,572 1,553 1,489 6,938 1,226 800 518 FY13 FY14 FY15 FY16 FY17 FY18 F
Slide 39: Palladium Chennai
Palladium Chennai •Palladium Chennai became 0.22 Million Sq. Ft. operational on 13th Oct 2017 with Total Leasable Area launch of H&M 13th Oct 2017 Operations Begin •Includes brands such as H&M, Michael Kors, Tumi, Coach etc. •Full scale operations commenced from Feb 17, 2018
Slide 40: Palladium Chennai
Palladium Chennai H1FY19 Rental Income (Rs. mn) 124 Recoveries (CAM and other) 63 (Rs. mn) Total Income (Rs. mn) 186 EBITDA (Rs. mn) 91 EBIDTA Margin (as % of Rental Income) 73% Rental Rate (Rs./sft pm) 132 Consumption (Rs. mn) 478 Trading Density (Rs./sft pm) 768 Trading Occupancy (%) 71 Note: Pall
Slide 41: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore PMC Bangalore showed robust performance with Consumption (Rs. mn) 3,172 3,299 3,183 rental income at Rs. 345 mn, up 11% yoy 2,918 3,030 2,859 3,100 2,554 Consumption grew 5% yoy to rs. 3,183 mn Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Improve
Slide 42: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore Q2 Q2 % yoy H1 H1 % yoy FY19 FY18 growth FY19 FY18 growth Rental Income (Rs. mn) 345 311 11% 685 624 10% Recoveries (CAM and 174 164 6% 345 328 5% other) (Rs. mn) Total Income (Rs. mn) 520 475 9% 1,030 953 8% EBITDA (Rs. mn) 363 307 18% 708 626 13% EBIDTA Margin 105% 98%
Slide 43: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore FY13-18 Rental Income (Rs.mn) CAGR – 16% 1,275 1,090 958 876 768 603 FY13 FY14 FY15 FY16 FY17 FY18 FY13-18 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 26% 1,694 12,361 1,444 10,200 1,287 8,859 1,131 7,753 975 6,573 745 3,832 FY13 FY14 FY15 FY16 FY17 F
Slide 44: Phoenix MarketCity Pune
Phoenix MarketCity Pune Consumption (Rs. mn) PMC Pune had a strong operating performance and achieved a trading density of Rs. 1,320 psf pm, up 2,812 2,969 3,045 2,937 2,747 2,616 2,422 2,495 16% yoy Q2 FY19 Consumption was at Rs. 2,937 mn, up 18% yoy Q3 FY17 Q4 FY17 Q1 FY18 Q2 FY18 Q3 FY18 Q4 F
Slide 45: Phoenix MarketCity Pune
Phoenix MarketCity Pune % yoy % yoy Q2 FY19 Q2 FY18 H1 FY19 H1 FY18 growth growth Rental Income (Rs. mn) 385 332 16% 767 670 15% Recoveries (CAM and 176 209 408 427 other) (Rs. mn) Total Income (Rs. mn) 561 541 4% 1,175 1,096 7% EBITDA (Rs. mn) 397 306 26% 778 614 27% EBIDTA Margin (as % of 103% 92%
Slide 46: Phoenix MarketCity Pune
Phoenix MarketCity Pune FY13-18 Rental Income (Rs.mn) CAGR – 17% 1,386 1,202 1,035 941 789 640 FY13 FY14 FY15 FY16 FY17 FY18 Average Trading Density (Rs./sft pm) FY13-18 Consumption (Rs.mn) 1,208 1,224 CAGR – 19% 10,828 1,077 9,629 975 8,659 812 7,650 6,221 653 4,610 FY13 FY14 FY15 FY16 FY17 FY18 FY
Slide 47: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai PMC Mumbai continues its strong performance and Consumption (Rs. mn) has firmly established itself as a premium destination 2,320 2,266 2,283 1,929 2,052 1,970 mall 1,784 1,801 Consumption at PMC Mumbai was up 27% yoy at Rs. 2,283 mn in Q2 FY19 Q3 FY17 Q4 FY17 Q1 FY18 Q
Slide 48: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai Q2 Q2 % yoy % yoy H1 FY19 H1 FY18 FY19 FY18 growth growth Rental Income (Rs. mn) 300 271 11% 595 537 11% Recoveries (CAM and 178 139 28% 361 284 27% other) (Rs. mn) Total Income (Rs. mn) 478 410 17% 956 820 17% EBITDA (Rs. mn) 294 230 28% 578 473 22% EBIDTA Margin (as % of
Slide 49: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai FY13-18 Rental Income (Rs.mn) CAGR – 8% 1,102 991 954 934 926 750 FY13 FY14 FY15 FY16 FY17 FY18 FY13-18 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 24% 1,044 942 8,143 797 6,957 705 5,480 5,957 586 4,460 454 2,818 FY13 FY14 FY15 FY16 FY17 FY18 FY13 FY14
Slide 50: Phoenix Festival Season 2018
Phoenix Festival Season 2018 The Phoenix Festival offers enticing deals on shopping, F&B and hosts various exciting events The Phoenix Festival is one of a kind shopping festival covering everything from fashion, food and entertainment, spanning over the next three months Resonating with the f
Slide 51: Active Mall Management
Active Mall Management 1. Initial Selection: Select tenants based on brand appeal and suitability for the mall 4. Execution : Successful mall 2. Evaluation: Work jointly to enhance management is a Evaluate performance of revenue through function of regular brands on ongoing basis, relocating and res
Slide 52: Revenue Cycle of a Mall
Revenue Cycle of a Mall PMC malls are currently in 200 second leg of this growth Majority of retail lease agreements at PML pay higher of minimum guarantee (MG) rents and revenue share (% of consumption) Lease renewal at 180 significantly higher rates Rent PSF (Rebased to 100) 160 Generally MG escal
Slide 53: Lease Renewal Schedule
Renewal Schedule (% of total leasable area) 60% of leasable area for renewal over next 3 years 51% of leasable area for renewal over next 3 years HSP & Palladium PMC Mumbai 25% 19% 16% 32% 11% 8% FY19 FY20 FY21 FY19 FY20 FY21 36% of leasable area for renewal over next 3 years 60% of leasable area fo
Slide 54: Long Term Sustainable Growth Delivered Through The Cycle
Long Term Sustainable Growth Delivered Through The Cycle MarketCity malls to follow similar growth trajectory at HSP & Palladium In 2010, trading density and consumption at High Bubble size represents consumption Street Phoenix was at Rs 1,055 psf pm and Rs 4,371 mn, respectively today, has grow
Slide 55: Operational Update – Commercial Portfolio
Operational Update – Commercial Portfolio Net Total Area Average Project Area Sold Leasable Area Leased Rate Name (msf) Area (msf) (msf) (Rs./sq.ft) (msf) Phoenix 0.14 - 0.14 0.13 110^ House # Centrium 0.28 0.18 0.10 0.10 91 Art Guild @ @ 0.76 0.21 0.55 0.47 94 House Phoenix 0.42 0.05 0.37 0.12 99 P
Slide 56: Hospitality Portfolio: Steadily Strengthening
Hospitality Portfolio: Steadily Strengthening • Own and operate marquee hospitality properties in Mumbai and Agra COURTYARD BY ST. REGIS, MUMBAI MARRIOTT, AGRA managed by best-in-class global operator, Marriott Keys 395 193 FY18 Occupancy (%) 76 65 • The St. Regis, Mumbai and Courtyard by Marriott,
Slide 57: Operational Update – Hospitality
Operational Update – Hospitality The St. Regis, Courtyard by Mumbai Marriott, Agra Keys 395 193 Restaurants & Bar 10 4 Occupancy (%)# 77% 65% Average room rent 11,084 3,811 (Rs. / room night) # The St. Regis, Mumbai Courtyard by Marriott, Agra 79% room occupancy in Q2 FY19 vs 72% in Q2FY18 Total
Slide 58: The St. Regis, Mumbai
The St. Regis, Mumbai % yoy % yoy Q2 FY19 Q2 FY18 H1 FY19 H1 FY18 growth growth Revenue from 306 274 12% 600 546 10% Rooms (Rs. mn) Revenue from F&B and Banqueting (Rs. 294 279 5% 589 569 4% mn) Other Operating 67 66 1% 139 127 10% Income (Rs. mn) Total Income (Rs. 668 620 8% 1,329 1,242 7% mn) Oper
Slide 59: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra Q2 FY19 Q2 FY18 H1 FY19 H1 FY18 Revenue from Rooms (Rs. mn) 36 29 62 56 Revenue from F&B and 32 32 59 66 Banqueting (Rs. mn) Other Operating Income 0 4 3 7 (Rs.mn) Total Income (Rs. mn) 68 65 124 130 Occupancy (%) 58% 59% 53% 55% ARR (Rs.) 3,031 2,812 3,106 2,951 58
Slide 60: Residential Portfolio: High Margin, Cash Flow Business
Residential Portfolio: High Margin, Cash Flow Business • Premium and upscale, large-scale residential developments One Bangalore West and Kessaku • Product design, quality and location in or around mixed-use destinations have established the projects as market leaders • Expect substantial free cash
Slide 61: Operational Update – Residential Portfolio
Operational Update – Residential Portfolio Saleable area (msf) Revenue recognized (Rs. mn) Project Name Area Sold Sales Value Average Selling Price Collections Total Area Balance (operational) (msf) (Rs. mn) (Rs. psf) (Rs. mn) in Q2 FY19 Cumulative Area launched Area One Bangalore West, 2.20 1.48 0.
Slide 62: Annexure
Q2 FY19 Highlights Overview and Strategy Financial Results Business Performance Annexure
Slide 63: Strategic Alliance with CPPIB
Strategic Alliance with CPPIB • Established strategic platform in April 2017 for retail-led, mixed use developments in India o PML contributed its existing Island Star Phoenix MarketCity Mall, Mall Whitefield, Bangalore valued at PML Developers CPPIB Equity infusion Rs. 17 bn 51% Pvt. Ltd. 49% Rs. 1
Slide 64: Phoenix MarketCity Wakad, Pune - Concept
Phoenix MarketCity Wakad, Pune - Concept Concept Architect – Callison63
Slide 65: Land acquisition at Wakad, Pune (Aug 2017)
Land acquisition at Wakad, Pune (Aug 2017) Deal Overview Wakad, Pune Location Dynamics Land Size (acres) 15 Location Behind Hotel Sayaji Current mall in Viman Nagar serves the CBD of Kharadi and Acquisition Cost – Land + TDR surrounding residential areas of Kalyani Nagar, Boat Club, 2,360 (Rs. Mn)
Slide 66: Land acquisition at Hebbal, Bangalore (Apr 2018)
Land acquisition at Hebbal, Bangalore (Apr 2018) Mixed Use Development Commercial • Residential: 30 Acres (development potential of 3.8 million sq. ft.) • Commercial (Tech, SEZ & IT Commercial Park): 23 acres (development potential of 2.9 million sq. ft.) Residential Area acquired by ISML Mall & Mul
Slide 67: Land acquisition at Hebbal, Bangalore (Apr 2018)
Land acquisition at Hebbal, Bangalore (Apr 2018) Deal Overview Hebbal, Bangalore Location Dynamics Land Size (acres) 13 Next to L&T Raintree Boulevard Current mall in Whitefield serves the eastern parts of Location residential Bengaluru city Acquisition Cost (Rs. Mn) 6,990 Hebbal is almost 19 km
Slide 68: Acquisition of Under-Construction Mall at Indore
Acquisition of Under-Construction Mall at Indore Phoenix Marketcity Indore is a 1.1 msft retail development at Mumbai-Agra National Highway, MR 10, Indore 67
Slide 69: Acquisition of Under-Construction Mall at Indore
Acquisition of Under-Construction Mall at Indore Deal Overview Location Dynamics i. Acquired 19 acres of land parcel for Rs. 2,335 mn. (land and Indore is an underserved market with appetite for a 1 msft. under-construction retail development) in an e-auction high quality retail, F&B and entertain
Slide 70: Land acquisition at Thaltej, Ahmedabad – Overview
Land acquisition at Thaltej, Ahmedabad – Overview Premium retail development with GLA of approx. 0.6 msf located at Thaltej on the Sarkhej-Gandhi (SG) Highway 69
Slide 71: Land acquisition at Thaltej, Ahmedabad
Land acquisition at Thaltej, Ahmedabad Deal Overview Location Dynamics i. PML has entered into a 50:50 alliance with Sarkhej Gandhinagar (SG) Highway road is the key Ahmedabad based BSafal group growth corridor of the city ii. The alliance has acquired 5.16 acres of land, located This area include
Slide 72: Acquisition of Under-Construction Mall at Lucknow
Acquisition of Under-Construction Mall at Lucknow Phoenix Marketcity Lucknow is an approx. 1 msft retail development, with a proposed store count of 300, spread over four levels 71
Slide 73: Acquisition of Under-Construction Mall at Lucknow
Acquisition of Under-Construction Mall at Lucknow Deal Overview Location Dynamics i. Acquired 13.5 acres of land, with an under construction Gomti Nagar has emerged as an exclusive growth corridor (structure is 90% ready) retail development via an auction of the city, with reputed companies, schoo
Slide 74: Shareholding Pattern as on 30 Sept 2018
Shareholding Pattern as on 30 Sept 2018 Sr. No Top Institutional Investors % Shareholding Shareholding Pattern 1 Nordea Bank 8.55% 2.82% 1.39% 5.01% 2 Schroder 2.98% 3 Fidelity 2.64% Promoters FII 4 TT Funds 2.31% 27.98% DII 5 Reliance Mutual Fund 1.97% Public 6 Van Eck 1.50% Corporate bodies 7 Vang
Slide 75: Investor contacts
Varun Parwal Advait Phatarfod Contact: +91 22 3001 6737 Contact: +91 22 3001 6804 Email: varun.p@phoenixmarketcity.in Email: advait.p@phoenixmarketcity.in Ashwin Bajaj / Ajay Tambhale Contact: +91 22 6169 5988 Email: pml@churchgatepartners.com Website: http://www.thephoenixmills.com/investordesk.htm