Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q3 FY2012-13 Earnings Presentation
51 slides from Prestige Estates Projects's earnings presentation, 2013
Slide 1: Investor Presentation Q3 FY 2012-13
INVESTOR PRESENTATION Q3 FY 2012 -13 www.prestigeconstructions.com
Slide 2: Index
Index HIGHLIGHTS OF Q3 FY 2012 - 13 FINANCIAL PERFORMANCE SALES SUMMARY DEBT PROFILE RECEIVABLES PROFILE RENTAL PORTFOLIO & LEASING UPDATE PROJECT PORTFOLIO & UPDATE ABOUT PRESTIGE 2
Slide 3: Highlights of Q3 FY 2012-13
HIGHLIGHTS OF Q3 FY 2012-13 www.prestigeconstructions.com www.prestigeconstructions.com
Slide 4: Highlights of Q3 FY 2012-13
Highlights of Q3 FY 2012 - 13 Quarter III Quarter II Quarter III FY 12-13 Particulars FY 11-12 FY 12-13 FY 12-13 FY 11-12 9 Months Turnover (Rs. Mn) 5,116 2,609 1,798 7,992 10,189 EBIDTA (Rs. Mn) 1,619 (32%) 920 (35%) 630 (35%) 2,907 (36%) 3,514 (34%) PAT (Rs. Mn) 920 (18%) 457 (18%) 281 (16%) 1,291
Slide 5: Highlights of Q3 FY 2012-13
Highlights of Q3 FY 2012 - 13 Turnover & EBIDTA (Rs. Mn) Collections (Rs. Mn) 6,000 6,000 5,116 5,050 5,076 5,000 5,000 4,556 4,241 4,000 4,000 3,268 3,280 3,000 2,464 2,609 3,000 2,177 1,798 1,619 2,000 2,000 842 975 920 630 1,000 1,000 0 Turnover 0 Q3 FY12 Q4 FY12 Q1 FY13 Q2 FY13 Q3 FY13 EBIDTA Q2
Slide 6: Highlights of Q3 FY 2012-13: Launches and Completions
Highlights of Q3 FY 2012 - 13 Business Performance Launches/Pre Launches during Q3 FY 12-13 Month of Developable Economic No. of Units % Sold Project Location launch Area (Mnsf) Interest (PEPL Share) (PEPL Share) (A) Residential Prestige Royale Garden - Phase I Dec 2012 Bangalore 0.43 68.50% 175 43%
Slide 7: Highlights of Q3 FY 2012-13: Area Leased
Highlights of Q3 FY 2012 - 13 Business Performance Area Leased As on 31st Dec, 2012 Current FY 12-13 Quarter III (Cumulative) Rental Area Yet 9 Months Segment Prestige Prestige Yielding to Yield Prestige Total Total Total Share Share Area Share Office 0.83 0.24 7.49 4.31 3.58 0.73 1.69 0.33 Retail 0
Slide 8: Financials Update
FINANCIALS UPDATE www.prestigeconstructions.com www.prestigeconstructions.com
Slide 9: Balance Sheet as at 31st December, 2012
Financials Balance Sheet as at 31st December, 2012 Rs. Mn As at As at As at Particulars 31-Dec-12 30-Sep-12 31-Mar-12 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,281 3,281 3,281 (b) Reserves and surplus 19,860 18,939 17,990 23,141 22,220 21,270 (2) Non-current liabilities (
Slide 10: Profit & Loss Account for the period ended 31st December, 2012
Financials Profit & Loss Account for the period ended 31st December, 2012 Rs. Mn Quarter ended Period ended Year ended Particulars 31-Dec-12 30-Sep-12 31-Dec-11 31-Dec-12 31-Dec-11 31 March 2012 (I) Revenue from Operations 4,921 2,414 1,669 9,527 5,434 7,455 (II) Other Income 195 195 129 662 382 538
Slide 11: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 31-Dec-12 30-Sep-12 31-Dec-11 31-Mar-12 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 4,921 2,414 1,669 7,455 2 Other Income 195 195 129 538 3 Total Income 5
Slide 12: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 31-Dec-12 30-Sep-12 31-Dec-11 31-Mar-12 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 1,327 26% 645 25% 389 22% 1,817 23% 12 Tax 407 189 108 527 13 PAT 920 18% 456 18% 281 16% 1,290 16% 1
Slide 13: Sales Summary
SALES SUMMARY www.prestigeconstructions.com
Slide 14: Sales Summary
Sales Summary Area in Mnsf Rs. Mn Quarter III FY12-13 Quarter III FY11-12 Cum FY12-13 FY 11-12 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 0.98 640 4,875 0.81 536 3,145 3.44 2,221 16,511 4.18 2,923 16,040 Premium Segment 0.18 42 1,24
Slide 15: Unrecognized Revenue from Projects under Construction
Unrecognized Revenue from Projects under Construction Rs. Mn Total sales value of Cumulative Balance turnover Expected timeline to reach Sl.No Projects unit sold area as at turnover declared to be declared on 25% trigger 31.12.2012 upto 31.12.12 POC A Residential Projects - Ongoing 1 Prestige Golfsh
Slide 16: Project Debtors Summary
Project Debtors Summary Rs. Mn Closing Opening Balance New Sales / Amount Name of the Project Balance as at as at 01.10.2012 Adjustment Realised 31.12.2012 Completed Projects Prestige Alecto 35 - 35 - - Prestige Cyber Towers 354 - - 354 Prestige Oasis 901 7 108 800 Prestige Shantiniketan 2,394 86 63
Slide 17: Project Debtors Summary
Project Debtors Summary Rs. Mn Closing Opening Balance Incremental POC Amount Name of the Project Balance as as at 01.10.2012 POC Turnover Adjustment Realised at 31.12.2012 Other Ongoing Projects Prestige Tranquility 440 Prestige Shantiniketan 17 Prestige White Meadows Apts 206 Prestige Royalwoods 8
Slide 18: Debt Profile
Debt Profile Rs. Mn Consolidated Particulars Standalone % % Loan * Debt as on 31.12.2012 Secured Loan 13,826 99% 22,231 99% a. Project Debt - Resi & Comm 9,576 69% 10,434 47% b. Capex Loans - Office Space - - 2,183 10% - Retail - - 840 4% - Hospitality 940 7% 1,578 7% c. Rental Securitisation Loans
Slide 19: Receivables Profile
Receivables Profile Area in Mnsf Rs. Mn Cumulative FY12-13 Sales : Rs 25,801 mn FY 12-13 Guidance : Rs 25,000 mn 19
Slide 20: Rental Income
Rental Income Area in Mnsf Rs. Mn 3,936 2,140 2,517 * Of the above mentioned 5.51 mnsf of leasable area in office space of ongoing projects & 3.97 mnsf of Retail space, we have already leased/tied up with various tenants for an area of 4.24 mnsf in office space & 1.55 mnsf in retail space as on 31.1
Slide 21: Annualised Projected Exit Rentals for Area Leased
Annualised Projected Exit Rentals for Area Leased Area in Mnsf Rs. Mn Total Area Leased Rent Per Rent P.a Sl. No Project Name Segment Leasable PEPL Share Prestige Sft (annualised) Area Share Rental Income Existing as on 31 Dec,2012 1 Prestige Estates Projects Ltd Commercial 1.62 1.62 1.62 37.50 730
Slide 22: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com
Slide 23: Business Segments
Business Segments Malls Retail Office Space Apartments Built to suit Villas Campuses Residential Commercial Townships Our SEZs Plotted Developments Business IT Parks Sub leasing & fit out services Resorts Interior Design Services Hospitality Serviced & Execution Apartments Facilities & Hotels Proper
Slide 24: Product Mix – Segment Wise
Product Mix – Segment Wise Ongoing Projects Upcoming Projects Total Area – 47.04 Mnsf Total Area – 34.15 Mnsf 4% 5% 13% 18% Residential Residential Commercial Commercial Retail 55% 27% Hospitality Retail 78% No. of No. of Segment Area (Mnsf) Segment Area (Mnsf) Projects Projects Residential 26.05 28
Slide 25: Product Mix – Geography Wise
Product Mix – Geography Wise Ongoing Projects Upcoming Projects Total Area – 47.04 Mnsf Total Area – 34.15 Mnsf 4% 4% 1% 2% 2% 0% Bangalore Bangalore 16% Hyderabad Chennai Chennai Cochin 4% Mysore Mysore Mangalore Ooty 72% Cochin 93% City Area (Mnsf) No. of Projects City Area (Mnsf) No. of Projects
Slide 26: Ongoing Projects: Residential
Ongoing Projects Residential Developable Economic Prestige No of Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) Units Share of Units 1 Prestige Golfshire- Villas Bangalore 1.75 100.00% 1.75 228 228 2 Prestige White Meadows -1 Bangalore 1.07 100.00% 1.07 163 163 3 Prestige White Meadow
Slide 27: Ongoing Projects: Commercial
Ongoing Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Cessna Business Park B7 - B11 Bangalore 4.33 85.00% 3.68 2 Prestige Polygon Chennai 0.66 60.00% 0.40 3 Prestige Khoday Towers Bangalore 0.26 48.53% 0.13 4 Exora Business Park - Phase 2 B
Slide 28: Ongoing Projects: Retail and Hospitality
Ongoing Projects Retail Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Forum Sujana Hyderabad 1.47 24.50% 0.36 2 Forum Shantiniketan Bangalore 1.06 63.87% 0.68 3 Forum Vijaya Mall Chennai 1.16 50.00% 0.58 4 Forum Mysore Mysore 0.55 50.99% 0.28 5 Forum Mangalore
Slide 29: Upcoming Projects: Residential
Upcoming Projects Residential Developable Economic Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) 1 Prestige Leela Residences Bangalore 0.36 60.00% 0.22 2 Prestige Silver Spring Chennai 0.49 27.54% 0.14 3 Kakanad Property Cochin 0.80 70.00% 0.56 4 Prestige Jade Pavilion Bangalore 0.68
Slide 30: Upcoming Projects: Commercial and Retail
Upcoming Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Kakanad Property Cochin 0.20 70.00% 0.14 2 Prestige Technostar Bangalore 1.65 51.00% 0.84 3 Prestige Spectra Bangalore 0.12 72.00% 0.08 4 Jacobs Land Bangalore 2.81 73.93% 2.08 5 Presti
Slide 31: Land Bank & Projects Under Planning
Land Bank & Projects Under Planning Land Area Economic PEPL Share Sl. No Entity Name Location (Acres) Interest (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi 142.74 100.00% 142.74 2 Prestige Projects Pvt Ltd Bangalore 168.00 32.68% 54.90 3 Prestige Garden Resorts Pvt Ltd Bangalore 7.00 100.00% 7.
Slide 32: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com
Slide 33: Advantage Prestige
Advantage Prestige Iconic developments like Spearheaded by Real Estate Icon, Forum Mall, Prestige Shantiniketan, Mr. Irfan Razack & his brothers UB City, Prestige Golfshire, etc Mr. Rezwan and Noaman Razack Legacy Spanning over 26 years One of South India’s Leading Developers Only CRISIL Excellence
Slide 34: Strong Presence Across All South Indian States
Strong Presence Across All South Indian States Karnataka •Bangalore •Mysore •Mangalore Tamil Nadu •Chennai •Ooty Kerala •Kochi Andhra Pradesh •Hyderabad Goa 34
Slide 35: Board of Directors
Board of Directors Irfan Razack Rezwan Razack Noaman Razack Chairman & Managing Director Joint Managing Director Whole-time Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Independent Director Independent Director Independent Director Independent Director 35
Slide 36: Executive Management
Executive Management 1 2 3 4 5 6 7 8 9 10 1 Faiz Rezwan 2 Uzma Irfan 3 Sana Rezwan 4 Zackria Hashim 5 Zaid Sadiq Executive Director Executive Director Executive Director Executive Director Executive Director Contracts & Projects Corporate Communication Retail Land Acquisition Liasioning & Hospitalit
Slide 37: Shareholding Pattern
Shareholding Pattern PROMOTERS FOREIGN INST. INVESTOR MUTUAL FUND PUBLIC & OTHERS 2% 7% 11% 80% As on 31 December, 2012 37
Slide 38: Awards & Recognition
AWARDS & RECOGNITION www.prestigeconstructions.com
Slide 39: Awards & Recognition
Awards & Recognition* CNBC Real Estate Award 2012 for project Prestige Neptune’s Courtyard Shot at location - Prestige Neptune’s Courtyard - Cochin * Received during the quarter 39
Slide 40: Project Snapshot
PROJECT SNAPSHOT www.prestigeconstructions.com
Slide 41: Project Snapshots - New Launches: Prestige Casabella
Project Snapshots - New Launches during the quarter Prestige Casabella 41
Slide 42: Project Snapshots - New Launches: Prestige Falcon Towers
Project Snapshots - New Launches during the quarter Prestige Falcon Towers 42
Slide 43: Project Snapshots - New Launches: Prestige Star II
Project Snapshots - New Launches during the quarter Prestige Star II 43
Slide 44: Project Snapshots – Prestige White Meadows
Project Snapshots – Key Projects Prestige White Meadows Perspective Current Construction Progress 44
Slide 45: Project Snapshots – Kingfisher Towers
Project Snapshots – Key Projects Kingfisher Towers Perspective Current Construction Progress 45
Slide 46: Project Snapshots – Prestige Bella Vista
Project Snapshots – Key Projects Prestige Bella Vista Perspective Current Construction Progress 46
Slide 47: Project Snapshots – Prestige Tranquility
Project Snapshots – Key Projects Prestige Tranquility Perspective Current Construction Progress 47
Slide 48: Project Snapshots – Prestige Park View
Project Snapshots – Key Projects Prestige Park View Perspective Current Construction Progress 48
Slide 49: Guidance Vs Achieved: FY 12-13
Guidance Vs Achieved:FY 12-13 FY 12-13 Cum Q3 FY 12-13 % Achieved as Particulars Guidance Achieved on 31/12/12 (Full Year) (9 Months) Sales (Rs. Mn) 25,000 25,801 103% Turnover (Rs Mn) 15,000 10,189 68% Collections (Rs. Mn) 15,000 14,367 96% Launches (Mnsf) 8.00 10.09 126% Leasing (Mnsf) 2.50 1.85 7
Slide 50: 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 51: Thank You
Thank You Prestige Estates Projects Ltd. Mr. Venkat K. Narayan The Falcon House, Executive Director - Finance & CFO No. 1, Main Guard Cross Road, Phone: +91 -80 – 25001280 Bangalore – 560 001 E-mail: investors@prestigeconstructions.com Phone: +91 -80 – 25591080 Fax: + 91 – 80 - 25591945 www.prestige
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