Puravankara Limited · NSE:PURVA
Puravankara — Q1 FY2019 Earnings Presentation
42 slides from Puravankara's earnings presentation, June 2018
Slide 1: Puravankara Limited
Purva Seasons, Bengaluru Puravankara Limited June 2018
Slide 2: Contents
Contents ▪ Company Overview 3-4 ▪ Development Bank 5-7 ▪ Area information 8 - 10 ▪ Sales 11 - 13 ▪ Cash Flows 14 - 16 ▪ Income Statement 17 – 19 ▪ Debt 20 - 21 ▪ Shareholding Pattern and Stock Performance 22 - 24 ▪ Select Project Pictures 25 - 31 ▪ Appendix 1 : Project Status 32 - 35 ▪ Appendix 2 :
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview ❖ One of India's leading real estate developers with an established presence in the residential segment (luxury and affordable housing) and in commercial office spaces, . ❖ With over 4 decades of domain expertise, Puravankara has established itself as a developer of repute. ❖ Completed 66 r
Slide 5: Development Bank
PURAVANKARA Development Bank
Slide 6: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development Land portfolio in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 26.39 9.81 44.94 54.75 Chennai 6.26 1.64 11.71 13.35 Hyderabad 0.59 2.35 - 2.35 Kochi 1.89 3.44 4.21 7.65 Others 0.81 2.05 2.84 4.8
Slide 7: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account over 56% of Provident is the new growth engine, with a growing the share of ongoing and proposed launches* share of ongoing projects and proposed launches* 14% New Launches New Launches 10% 32% 31% 7% Ongoing Ongoing 41% 47% 23% 17% 59% 11%
Slide 8: Area
PURAVANKARA Area
Slide 9: Area Under Development: Sales Driven, Execution Focused
Area Under Development: Sales Driven, Execution Focused in million sq. ft. (numbers in million sq. ft.) FY16 FY17 FY18 Q1FY19 Opening Area 24.01 23.64 24.92 20.82 Add: Launches/Revisions during the period 1 2.46 4.77 1.96 - Less: Completed during the period 2 (2.83) (3.49) (6.06) - Closing Area 23.6
Slide 10: Immediate Launches: Provident Centric
Immediate Launches : Provident Centric Sr NO Location/ Project City Development Model Development Type Developable Area PPL Share in JD Saleable Expected launch date Name ares(msft) Puravankara 1 Kanakapura Bengaluru Joint Development Commercial 0.70 70% 0.49 Work Started 2 Thanisandra Bengaluru Joi
Slide 11: Sales
PURAVANKARA Sales 11
Slide 12: Sales – Q1 FY19, June 2018
Sales – Q1 FY19, 30 June 2018 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Jun-18 Jun-17 % Jun-18 Jun-17 % Jun-18 Jun-17 % Jun-18 Jun-17 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.26 0.42 -37% 162 265 -39% 195 265 -26% 7,457 6,345 18%
Slide 13: Sold Area (msft): Q1 FY19 versus Q1 FY18
Sold Area (msft) : Q1 FY19 versus Q1 FY18 Q1 FY18 Q1 FY19 Provident 0.15, 55% Provident Puravankara 0.24, 57% Puravankara 0.07 , 39% 0.11 , 31% 0.11 , 61% 0.18 , 43% 0.24 , 69% 0.12 , 45% Completed & Nearing Completion Ongoing Projects Completed & Nearing Completion Ongoing Projects Area Sold 0.60 m
Slide 14: Cash Flows
PURAVANKARA Cash Flows 14
Slide 15: Potential Cash Flow from completed and ongoing projects
Potential Cash Flow from completed and ongoing projects Rs. crores Puravankara Provident Total Balance collections from sold units 1 (A) 963 762 1,725 Value of Inventory open for sale 2 (B) 2,459 1,089 3,547 Balance cost to go 3 (C) 962 668 1,631 Surplus (A) + (B) – (C) (D) 2,460 1,182 3,642 Surplus
Slide 16: Cash Flow Statement
Cash Flow Statement Rs. crores Cash Flow Statement FY 2018 Q1 2018 A Operating Inflows 1,476.16 333.35 B Operating Outflows (1,195.87) (274.67) C=A-B Operating Surplus 280.29 58.67 Less Interest Cost( Net ) (246.62) (64.17) Land Payments including advances & deposits (205.65) (46.90) Income Tax Paid
Slide 17: Income Statement
PURAVANKARA Income Statement 17
Slide 18: Consolidated Statement of Profit & Loss for the quarter ended 30 June 2018
Consolidated Statement of Profit & Loss for the quarter ended 30 June 2018 Rs. crores AS-115 (Based on POCM) Particulars Q1FY19 Unaudited Q4FY18 Audited Q1FY18 Audited FY18 Audited Income from operations Revenue from projects 382.02 287.96 338.49 1,414.90 Other Income 12.68 35.29 16.77 90.04 Total I
Slide 19: Impact of application of IND AS 115 – Revenue from contracts
IND-AS 115 : Impact of application of IND AS 115 – Revenue from contracts with customer. ❖ INDAS-115- Revenue from contracts with customers has been notified by MCA (Ministry of Corporate Affairs, Government of India) on March 28, 2018 and is effective from April 01, 2018. ❖ Prior to April 1, 2018 t
Slide 20: Debt
PURAVANKARA Debt 20
Slide 21: Debt Structure – As of June 2018
Debt Structure – As of 30 June 2018 Rs. In Crore Q1FY19 Q4FY18 Q1FY18 Opening Balance 2,399 2,075 2,075 Additions during the period 123 810 172 Repayments during the period 83 486 137 Debt Outsatnding 2,438 2,399 2,110 Less: Cash and Cash Equivalents 137 152 113 Net debt 2,302 2,247 1,997 Cost of De
Slide 22: Shareholding Pattern and Stock Performance
Shareholding Pattern and Stock Performance 22
Slide 23: Shareholding Pattern – as on June 2018
Shareholding Pattern – as on 30 June 2018 Others DIIs 8% 1% FPIs 16% Promoters 75% Key Shareholders Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate GHI Life Insurance Corporation College Retirement Equities Fund General Insurance Corporation Atyant Capital 23
Slide 24: Stock Performance
Stock Performance Relative to BSE Realty Index and Sensex during June 30, 2017 to June 30, 2018 300 250 200 150 100 50 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Puravankara Sensex BSE Realty As on 30 June 2018 30-Jun-18 30-Jun-17 Price on BSE 104 63 %
Slide 25: Select Project Pictures
PURAVANKARA Select Project Pictures 25
Slide 26: Actual Project Pictures
PURAVANKARA Actual Project Pictures 26
Slide 27: Actual Project Pictures
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Slide 28: Actual Project Pictures
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Slide 29: Actual Project Pictures
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Slide 30: Actual Project Pictures
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Slide 31: Actual Project Pictures
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Slide 32: Appendix: Project Status
Appendix 1 : Project Status 32
Slide 33: Current Project Status – As of June 2018
Current Project Status – As of 30 June 2018 Puravankara's JD / JV Share S.No. Project Location Developable Area Total Flats Share - for Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Highlands Mallasandr
Slide 34: Current Project Status – As of June 2018 – (contd.)
Current Project Status – As of 30 June 2018 – (contd.) Puravankara's JD / JV Share for 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 % NEARING COMPLETION Puravankara 1
Slide 35: Current Project Status – As of June 2018 – (contd.)
Current Project Status – As of 30 June 2018 – (contd.) 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 % PHASES NOT OPEN FOR SALE Puravank
Slide 36: Appendix: Corporate Information
Appendix 2 : Corporate Information 36
Slide 37: Premium Affordable housing through Brand Provident
Premium Affordable housing through Brand Provident ❖ Provident Housing completes 10 years in 2018, living up to its genesis story of providing premium quality homes at affordable housing. ❖ Affordability is a combination of – Efficient design improving effective utilization of space – Lower cost of
Slide 38: Dedicated management team with collective experience of almost 200 years
Dedicated management team with collective experience of almost 200 years-committed to best practices of corporate governance Executive team Non-Executive team Ravi Puravankara R.V.S. Rao Chairman Independent Director • Over 43 years of experience in real estate industry • Bachelor’s degree in Commer
Slide 39: Awards and achievements
Awards and achievements Awards for Puravankara Limited ❖ Asia Real Estate Excellence Award 2018 for the "Best Real Estate Development Company in South India" - Puravankara Limited ❖ BAM (Builders , Architects & Building Material) Awards 2018 for Best Builder of the Year – Puravankara Limited ❖ BAM
Slide 40: Awards and achievements
Awards and achievements Awards for Provident Housing Limited ❖ BAM (Builders , Architects & Building Material) Awards 2018 for Best Affordable Housing Project – Provident Sunworth ❖ 10th Franchise Estate Awards 2018 - for Best Project in Non Metro - South - Provident Skyworth ❖ 10th Franchise Esta
Slide 41: 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 ris
Slide 42: 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: +91-80-434