Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q2 FY2019 Earnings Presentation
33 slides from Peninsula Land's earnings presentation, 2018
Slide 1: Results Presentation Q2 FY 2019
Results Presentation Q2 FY 2019
Slide 2: Business Updates
Business Updates [el
Slide 3: Forayed into Affordable Housing Segment – addressOne : Gahunje, Pune
Forayed into Affordable Housing Segment – addressOne : Gahunje, Pune • Launched first phase admeasuring 0.5 mn Sq ft. during Q1 of FY 2019 • Record breaking sale of 813 units admeasuring 486,565 Sq ft. for a consideration of Rs. 176 Cr. • Total development potential – 2.8 mn Sq ft. in multiple phase
Slide 4: Business Updates in Q2 FY 19
Business Updates in Q2 FY 19 New Sales Bookings / Collections Sold 52,655 Sq. ft. during Q2 FY19 as against 103,503 Sq. ft. during Q2 FY 18 New sales of Rs. 45 Cr during Q2 FY19, as against Rs. 244 Cr during Q2 FY 18 Collections (operations & non core assets) were at Rs. 210 Cr for Q2 FY 19, as agai
Slide 5: Business Updates in H1 FY 19
Business Updates in H1 FY 19 New Sales Bookings / Collections Sold 531,296 Sq. ft. during H1 FY19 as against 195,036 Sq. ft. during H1 FY 18 New sales of Rs. 249 Cr during H1 FY19, as against Rs. 352 Cr during H1 FY 18 Collections (operations & non core assets) were at Rs. 396 Cr for H1 FY 19, as ag
Slide 6: Progress on monetization of non-core assets
Progress on monetization of non-core assets Collection of Rs. 175 Cr on exit from non-core assets Rs 62 Crs of Hinjewadi land (Tranche #2) Rs 5 Crs of Land in Amenity Plot Hinjewadi Rs 8 Crs balance out of Land Sale of Mamurdi Rs 100 Crs out of Land Sale of Tathavade Other transactions MoU signed fo
Slide 7: Financials Overview
Financials Overview [el
Slide 8: Key financial snapshot (standalone)
Key financial snapshot (standalone) Particulars (Rs. Cr) Q2FY19 Q2FY18 FY18 Income Statement Income from Operations 6 7 315 Profit before Interest & Exceptional Items (18) 30 139 Interest 55 64 280 Exceptional Items (55) (20) 180 PBT (128) (53) (322) Tax Expense (0.2) (2) 12 PAT (127.8) (51) (334) 8
Slide 9: Profit and Loss (standalone)
Profit and Loss (standalone) P&L Snapshot (Rs. Cr) Q2FY19 Q2FY18 H1FY19 H1FY18 Income Total Income from operations (Gross) 6.1 6.6 17.1 28.3 Other Income 21.4 50.5 47.5 104.7 Total Revenue 27.5 57.1 64.5 133.0 Expenses a) Cost of Realty Sales 53.3 13.1 81.8 89.3 b) Changes in inventories of FG, WIP
Slide 10: Balance Sheet (standalone)
Balance Sheet (standalone) Sr No 30-Sep-18 31-Mar-18 ASSETS A Non-current assets a Property Plant and Equipment 148 149 b Capital work-in-progress c Investment Property 290 290 d Other Intangible assets 3 3 e Investment in subs/JVs/Associates 286 353 f Financial Assets (i) Investments 403 455 (ii) L
Slide 11: Balance Sheet (standalone) (contd…)
Balance Sheet (standalone) (contd…) Sr No 30-Sep-18 31-Mar-18 A EQUITY a Equity Share capital 56 56 b Other equity 983 1,300 Total (A) 1,039 1,356 B Non-Current Liabilities a Financial Liabilities (i) Borrowings 1,256 1,416 (ii) Other Financial Liabilities 127 125 b Provisions 8 8 Total (B) 1,391 1,
Slide 12: Debt profile
Debt profile Particulars (Rs. Cr) 30.09.18 31.03.18 Standalone Total Debt 2094 2,094 Less: Cash & Cash equivalents 42 63 Net Debt 2,052 2,031 Net Worth 1,039 1,356 Debt Equity – Gross Borrowing (x) 2.02 1.54 Debt Equity – Net Borrowing (x) 1.98 1.50 Loan repayable within a year is Rs.249 Cr and Weig
Slide 13: Projects Overview
Projects Overview [el
Slide 14: Details of Ongoing Projects - Q2 FY 2019
Details of Ongoing Projects - Q2 FY 2019 Up to last Quarter Q2 Total Collecti PLL on No Avg. No Avg. No Avg. Projects Share Area Sales Area Sales Area Sales (Rs. of Reali- of Reali- of Reali- (%) Sold Value Sold Value Sold Value Crs) Units zation Units zation Units zation (sft ) (Rs.Cr) (sft ) (Rs.C
Slide 15: Summary of Ongoing projects – till Sep ‘18 (cumulative)
Summary of Ongoing projects – till Sep ‘18 (cumulative) Saleable Area Sold Average PLL Share No of Units Sales Value Collections Projects Area (sq ft Location (sq ft in Realization (%) Sold (Rs. Cr) (Rs. Cr) in 000’s) 000’s) (Rs. / sq ft) Residential-Ongoing Bishopsgate 93 Mumbai 50% 10 78 540 69,61
Slide 16: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects Area Sale Work PLL Share Sold Value of % of Sales Comple- Revenue Project Revenue (sq ft Area Sold Complete tion Recognized Revenue % Revenue to be ‘000s) (Rs. Cr) Recognized Recognized Bishopsgate 78 540 83% 87% - 50% 270 - 270 Celestia Spaces-PLL Share 33
Slide 17: Bishopsgate
Bishopsgate PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 50% KBK Group 93 Nos. Area Sales Avg. Construction % Sales Of Collection Sold Value Realization Milestone Completion units (Rs. Cr) (‘000 sq ft ) (Rs.Cr) (Rs./sqft) Till Q1, FY 19 86% 83% Q1, FY 19 - - - - - Till Q2, FY 19
Slide 18: Bishopsgate-Current status
Bishopsgate-Current status March 2018 CURRENT STATUS 18
Slide 19: Celestia Spaces (PLL Share)
Celestia Spaces (PLL Share) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 100% - 490 Nos. Area Avg. Sales Construction % Sales of Sold Reali- Collection Value Milestone Completion units (‘000 zation (Rs. Cr) (Rs.Cr) sq ft ) (Rs./sqft) Till Q1, FY 19 68% 66% Q1, FY 19 (1) (2) (6)
Slide 20: Celestia Spaces-Current Status
Celestia Spaces-Current Status March 2018 CURRENT STATUS 40th flr. completed 41st flr. completed 32nd floor 20
Slide 21: Carmichael Residences
Carmichael Residences PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 40% KBK Group 146 Nos. Construction % Sales Sales Avg. of Area Sold Collection Milestone Completion Value Realization units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 19 88% 57% Q1, FY 19 - - - - 4 Til
Slide 22: Carmichael Residences-Current Status
Carmichael Residences-Current Status March 2018 CURRENT STATUS 2nd Residential Floor in Progress P2 Slab in Progress 22
Slide 23: Salsette 27
Salsette 27 PLL Saleable Area Location Share JV Partner (000’s sq ft.) Byculla, 57% PREI Fund 915 Mumbai Nos. Sales Avg. Construction % Sales of Area Sold Collection Value Realization Milestone Completion units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 8 13 37 27,767 44 Till Q1, FY 19 19%
Slide 24: Salsette 27 - Current Status
Salsette 27 - Current Status March 2018 CURRENT STATUS Automatic Climbing System (ACS) installation WIP Tower A Tower A Excavation in progress Tower B Internal Road work done P6 columns & slab in progress Tower A P5 columns & slab in progress Tower B On North Side Demolition Completed 24
Slide 25: Ashok Meadows (Phase 1)
Ashok Meadows (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Hinjewadi, Peninsula Realty 55% 507 Pune Fund & Clover Nos. Sales Avg. of Area Sold Collection Value Realization units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 - - - - 4 Q2, FY 19 2 5 3 5,215 1 Till YTD F
Slide 26: Peninsula Heights, JP Nagar
Peninsula Heights, JP Nagar PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Bengaluru 80% 620 Realty Fund Nos. Sales Avg. Construction % Sales of Area Sold Collection Value Realization Milestone Completion units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 19 69% 60% Q1
Slide 27: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status March 2018 CURRENT STATUS Tower A - Terrace Structure Completed Tower A West Side view Tower-B North View Tower B- Terrace structure WIP Tower B – 1st floor level slab under progress 27
Slide 28: addressOne
addressOne PLL Saleable Area Location Share JV Partner (000’s sq ft.) Gahunje Pune 100% - 520 Nos. Sales Avg. Construction % Sales of Area Sold Collection Value Realization Milestone Completion units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 757 463 167 3,603 7 Till Q1, FY 19 - 89% Q2, FY
Slide 29: Ashok Astoria (Phase 1)
Ashok Astoria (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Nashik 100% - 498 Nos. Sales Avg. of Area Sold Collection Value Realization units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 3 3 1 3,319 5 Q2, FY 19 - 2 1 2,439 1 Till YTD FY 19 3 5 2 2,926 6 Till Date 280
Slide 30: Ashok Nirvaan
Ashok Nirvaan PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Lonavala 25% 352 Realty Fund Nos. Sales Avg. Construction % Sales of Area Sold Collection Value Realization Milestone Completion units (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 19 65% 29% Q1, FY 19 - - - -
Slide 31: Ashok Beleza
Ashok Beleza PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Realty Goa (Plot B&C) 58% 200 Fund Peninsula Realty Goa (Plot A) 58% 115 Fund Plot B &C Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 19 (1) (5) (3) -
Slide 32: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 33: Thank You
[a] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP