Slide 1: Investor Presentation Q1FY19
INVESTOR PRESENTATION Q1FY19 PRESTIGE GROUP | Presentation | June 2018
Slide 2: Index
INDEX INDEX 1 KEY HIGHLIGHTS a)OPERATIONAL HIGHLIGHTS b)FINANCIAL HIGHLIGHTS 2 OPERATIONAL UPDATE 3 FINANCIAL UPDATE 4 PROJECT PORTFOLIO & UPDATE 5 RECEIVABLES PROFILE 6 ABOUT PRESTIGE GROUP 7 BOARD & MANAGEMENT 8 ANNEXURE SHOT AT LOCATION PRESTIGE GROUP | Presentation | June 2018 2
Slide 3: Key Highlights Q1FY19 Operational Performance
KEY 1. Sales up by 65% yoy at Rs 9,811 Mn HIGHLIGHTS Q1FY19 2. Steady collections at Rs 9,665 Mn OPERATIONAL PERFORMANCE 3. Rental income up by 24% yoy, grew to Rs 1,838 Mn 4. 5.03 Mn delivered in Q1F19 5. 1mn sft launched. Two projects launched across Bengaluru and Kochi 6. Leasing at 0.6 Mn sft 7.
Slide 4: Key Highlights Q1FY19 Consolidated Financials
KEY HIGHLIGHTS Q1FY19 CONSOLIDATED FINANCIALS 1. Q1FY19 total revenue at Rs 8927 Mn 2. Q1FY19 EBITDA at Rs 2,876 Mn, Margin of 32.2% 3. Q1FY19 PAT at Rs 1,304 Mn, Margin of 14.6% PRESTIGE GROUP | Presentation | June 2018 4
Slide 5: Other Highlights
OTHER HIGHLIGHTS IND AS 115 During the quarter IND AS 115 has become applicable for the group, this has resulted in recognition of revenues from real estate activities on completion basis The Group has applied the modified retrospective approach to contracts that were not completed as of April 1
Slide 6: Operational Update Q1FY19 Highlights
OPERATIONAL Value in ₹ Million Volume in Mnsqft UPDATE Particulars Q1FY19 Q1FY18 Q4FY18 FY18 Q1F19 New Sales Value 9,811 5,952 12,433 33,137 HIGHLIGHTS New Sales Volume 1.43 0.92 1.79 4.84 Avg Realization/Sft 6,854 6,505 6,956 6,848 Total Collections 9,665 12,260 10,516 42,684 Leasing Volume 0.60 0.
Slide 7: FY19 Guidance
FY19 GUIDANCE Value in ₹ Million Volume in Mnsqft Target for Full Particulars Year Q1F19 % New Sales Value 35,000-40,000 9,811 28% Turnover 35,000-40,000 8,927 26% Collections 37,500-40,000 9,665 26% Launch Volume 10 1.00 10% Completions 10 to 12 5.03 50% Leasing Volume 2 0.60 30% Exit Rental Income
Slide 8: Completed Four Projects Q1FY19
COMPLETED FOUR PROJECTS Q1FY19 With BUA 5 MN SFT PRESTIGE GROUP | Presentation | June 2018 8
Slide 9: Launched Two Projects Q1FY19
LAUNCHED TWO PROJECTS Q1FY19 With BUA 1 MN SFT PRESTIGE GROUP | Presentation | June 2018 9
Slide 10: Financial Update Q1FY19 Consolidated
FINANCIAL UPDATE Values are in Million ₹ Q1FY19 CONSOLIDATED Particulars Q1FY19 Q1FY18 Q4FY18 FY18 Turnover 8,927 13,018 18,616 55,665 EBIDTA 2,876 2,911 3,859 11,619 PAT 1304 1191 1156 4246 PAT % 14.61% 9.15% 6.21% 7.63% NOTES During the quarter IND AS 115 has become applicable for the group, thi
Slide 11: Debt Profile Q1FY19
DEBT Particulars Standalone % Consolidated Loan % VALUE IN ₹ Mn PROFILE Secured Loan 39,271 100% 79,364 100% a. Project Debt - Resi & Comm 23,505 60% 29,846 38% Q1FY19 CONSOLIDATED b. Capex Loans - - - Office Space 941 2% 3,278 4% - Retail - 0% 1,300 2% - Hospitality - 0% 8,036 10% c. Rental Securit
Slide 12: Exit Rentals Projection
₹ 8,607 Mn Total Area Leased Rent P.A Economic Economic EXIT RENTALS Sl. No Project Name Segment Leasable Interest (%) Interest Prestige Share (Annualised) (Rs Area (Mnsqft) (Mnsqft) Mn) PROJECTION 1 Prestige Estates Projects Limited Commercial 1.90 100.00 1.90 1.90 866 2 West Palm Developers Pvt Lt
Slide 13: Incremental Rentals in FY19
₹ 1,462 Mn PG Rent INCREMENTAL S.No. Project Name Segment TLA PG % SHARE P.A. RENTALS IN FY19 1 Cessna Business Park B09 Commercial 0.50 85 0.42 382 2 Cessna Business Park B10 Commercial 0.49 85 0.42 377 3 Prestige Saleh Ahmed Commercial 0.08 50 0.04 54 4 TMS Square -Cochin Commercial 0.13 58 0.07 4
Slide 14: Ongoing Projects by Segment and Geography
PRODUCT MIX ONGOING PROJECTS (Detail annexed) Retail Hospitality Hyderabad MangaluruAhemdabad 6% 2% 1% 1% 7% Cochin 6% Chennai 2% GEOGRAPHY Commercial 11% SEGMENT Residential Bengaluru 81% 83% Developable Developable Segment No. of Projects City No. of Projects Area (Mnsf) Area (Mnsf) Bengaluru 45 5
Slide 15: Upcoming Projects by Segment and Geography
PRODUCT MIX Retail Mangaluru Pune UPCOMING 2% Hyderabad 2% 3% PROJECTS Goa 7% (Detail annexed) 1% Cochin 5% GEOGRAPHY Commercial SEGMENT 38% Chennai 15% Residential 60% Bengaluru 67% Developable State/City No. of Projects Area (Mnsf) Developable Segment No. of Projects Area (Mnsf) Bengaluru 18 23.31
Slide 16: Land Bank Details
LAND BANK DETAILS PG Land Area Economic Share S.No. Entity Name Location (Acres) Interest (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi 143 100% 143 2 Prestige Projects Pvt Ltd Sarjapur/Bengaluru 182 100% 182 3 Prestige Estates Projects Ltd Bengaluru 2 100% 2 4 Village De Nandi Pvt Ltd Bengaluru
Slide 17: Cash Flow Projections from Ongoing Residential Projects
₹67,632 Mn Value in Particulars Area In Mn Sft % ₹ Mn Cash flow Total Developable Area 75.18 Projections Car Park Area 19.53 From Ongoing Total Saleable Area 55.65 Residential Projects PG area share 41.98 Estimated Value 2,70,156 Sold 31.07 1,91,403 74 Collections 1,57,292 Balance to collect 34,111
Slide 18: Stock Breakup
Areas in Million Sqft Values in Million ₹ STOCK BREAKUP Category Area Value Premium & Luxury Projects 1.25 14,411 Mid Income Projects 7.23 44,221 Commercial Projects 0.32 2,086 Completed Projects 2.10 18,035 TOTAL 10.91 78,753 18 PRESTIGE GROUP | Presentation | June 2018
Slide 19: Cash Flow Projections from Upcoming Residential Projects
₹20,249 Mn Cash flow Projections From Upcoming Residential Projects Particulars Area In Mn Sft Value in Mn Total Developable Area 21.10 Car Park Area 5.71 Total Saleable Area 15.39 PG area share 10.28 Estimated Value 65,043 Cost of Development 47,043 Incurred 3,720 RD Paid 2,249 Net Cash flow (A-B)
Slide 20: Office Portfolio
OFFICE PORTFOLIO 23 Mn Sft GLA, Annuity income portfolio in the near term Area in Mn sft Values in Rs Mn OPERATING ONGOING UPCOMING TOTAL GLA 9.43 3.87 9.45 23 Economic Interest 8.37 2.75 7.40 19 Rentals p.a. ₹ 6,282 3,611 7,250 17,142 Economic Interest ₹ 5,291 2,425 5,397 13,113 20 PRESTIGE GROUP |
Slide 21: Retail Portfolio
RETAIL PORTFOLIO 6 Mn Sft GLA, Annuity income portfolio in the near term Area in Mn sft Values in Rs Mn OPERATING ONGOING UPCOMING TOTAL GLA 3.19 2.50 0.39 6.08 Economic Interest 2.12 1.54 0.27 3.94 Rentals p.a. ₹ 3,394 3,063 351 6,808 Economic Interest ₹ 2,110 1,402 246 3,758 21 PRESTIGE GROUP | Pr
Slide 22: Hospitality Portfolio Potential
HOSPITALITY PORTFOLIO POTENTIAL 1559 Keys in the near term Area in Mn sft UNDER Values in Rs Mn OPERATING CONSTRUCTION TOTAL KEYS 1262 297 1,559 Economic Interest 1123 297 1420 Revenue p.a. ₹ 3165 455 3,621 Economic Interest ₹ 2570 455 3025 PRESTIGE GROUP | Presentation | June 2018 22
Slide 23: Diversified Business Model
DIVERSIFIED BUSINESS MODEL Across Geographies And Price Points RESIDENTIAL COMMERCIAL RETAIL HOSPITALITY SERVICES Sub Leasing Apartments Office Space Malls Resorts & Fit Out Services Built To Suit Interior Design Serviced Apartments Villas Campuses Logistics & Execution Integrated Facilities Hotels
Slide 24: Delivered 218 Projects Since Inception
DELIVERED 218 PROJECTS SINCE INCEPTION Across Geographies, Segments and Price Points Plotted Residential Commercial Retail Hospitality Total Development PARTICULARS Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects 92 47.18 102 30.20 7 5.39 9 2.57 8 7.42 218 92.75 Ongoin
Slide 25: CRISIL DA1 Developer Rating
CRISIL DA1 DEVELOPER RATING HIGHEST ON SCALE Prestige is the only developer in the Country with the highest rating of CRISIL DA1 Rating, from CRISIL “Developer's ability to execute real estate projects as per the specified quality level and within the stipulated time schedule, and ability to transfe
Slide 26: Awards & Recognitions
AWARDS & RECOGNITIONS MOST TOP INDIAN CERTIFICATE ADMIRED 200+ REAL ESTATE OF SHOPPING AWARDS COMPANY EXCELLENCE CENTER ADMIRED MOST BUILDER OF DEVELOPER BRAND OF PROMISING THE YEAR OF THE YEAR ASIA BRAND PRESTIGE GROUP | Presentation | June 2018 …and many more
Slide 27: Shareholding Pattern
SHAREHOLDING PATTERN As of 30th June, 2018 Promoters 70% SHAREHOLDING FIIs 27% DIIs 2% Retail 1% PRESTIGE GROUP | Presentation | June 2018 27
Slide 28: Board of Directors
BOARD OF DIRECTORS Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Wholetime Director Director Dr. Pangal Ranganath Nayak Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Independent Independent Independent Independent Director Director Director
Slide 29: 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- Exe
Slide 30: 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 Executive Director- Chief Financial Officer Executive Director – HR, IT &
Slide 31: Ongoing Projects Residential
Developable Area S.No. Project City/State (Mnsft) Economic Interest Prestige Share (Mnsft) 1 Prestige Augusta Golf Village Bengaluru 1.36 67 0.91 ONGOING 1.73 1.21 PROJECTS 2 Prestige Bagmane Temple Bells Bengaluru 70 RESIDENTIAL 3 Prestige Botanique (RV road) Bengaluru 0.10 55 0.06 4 Prestige Boule
Slide 32: Ongoing Projects Residential
Developable Area S.No. Project City/State (Mnsft) Economic Interest Prestige Share (Mnsft) 20 Prestige Lake Ridge Bengaluru 1.05 67 0.50 ONGOING 21 Prestige Lakeside Habitat Phase I & II Bengaluru 8.90 69 6.16 PROJECTS 22 Prestige Leela Residences Bengaluru 0.53 60 0.32 RESIDENTIAL 23 Prestige Misty
Slide 33: Ongoing Projects Office, Retail, Hospitality
S.No . Project State/City TDA Economic Interest PG TDA 1 Prestige Technostar Bengaluru 1.68 80 1.34 ONGOING 2 Cessna B10 Bengaluru 0.70 85 0.60 PROJECTS 3 Cessna B11 Bengaluru 0.70 85 0.59 4 Prestige Central Street Bengaluru 0.19 46 0.09 5 Prestige Cyber Green-1 (Kochi Smart City) Cochin 0.90 100 0.
Slide 34: Upcoming Projects Residential
Developable Area S.No. Project State/City (Mnsft) Economic Interest Prestige Share (Mnsft) 1 Prestige Elysian, Bannerghatta Road Bengaluru 1.13 31 0.35 2 Prestige Falcon City- Phase2 Bengaluru 1.55 36 0.55 UPCOMING 3 Prestige Greenmoor Bengaluru 0.63 26 0.16 PROJECTS RESIDENTIAL 4 Prestige Green Gab
Slide 35: Upcoming Projects Office and Retail
S.No. Project State/City Developable Area (Mnsft) Economic Interest Prestige Share (Mnsft) 1 Prestige Alpha Tech Pune 1.17 67 0.78 2 Prestige Brooklyn Heights Bengaluru 0.01 62 0.01 UPCOMING PROJECTS 3 Prestige Cosmopolitan Chennai 0.12 100 0.12 4 Prestige Cyber Green-2 (Kochi Smart City) Cochin 0.6
Slide 36: Financial Update Q1FY19 Consolidated
Quarter ended Year ended FINANCIAL Particulars 30-Jun-18 31-Mar-18 30-Jun-17 31-Mar-18 UPDATE (I) Revenue Revenue from Operations 8,613 18,486 12,796 54,986 Q1FY19 Other Income 314 130 222 679 CONSOLIDATED Total Revenue 8,927 18,616 13,018 55,665 (II) Expenses (Increase)/ decrease in inventory (6,48
Slide 37: Financial Update Q1FY19 Consolidated
Quarter ended Year ended FINANCIAL UPDATE Particulars 30-Jun-18 31-Mar-18 30-Jun-17 31-Mar-18 (III) Profit before tax and exceptional items (I-II) 711 1,819 1,668 6,245 Q1FY19 CONSOLIDATED (IV) Exceptional items 894 - - - (V) Profit before tax and after exceptional items (III-IV) 1,605 1,819 1,668 6
Slide 38: 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 39: Contact
CONTACT For any queries Please contact, E: investors@prestigeconstructions.com Registered Office- Prestige Estates Projects Limited, The Falcon House, No. 1, Main Guard Cross Road, Bangalore –560 001, T: +91 -80 –25001 248, F: + 91 –80 -25591945, Website: www.prestigeconstructions.com PRESTIGE GROUP