Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q2 FY2012-13 Earnings Presentation
40 slides from Prestige Estates Projects's earnings presentation, 2012
Slide 1: Investor Presentation Q2 FY 2012-13
INVESTOR PRESENTATION Q2 FY 2012 - 13 www.prestigeconstructions.com
Slide 2: Index
Index HIGHLIGHTS OF Q2 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 Q2 FY 2012-13
HIGHLIGHTS OF Q2 FY 2012-13 www.prestigeconstructions.com 3
Slide 4: Highlights of Q2 FY 2012-13
Highlights of Q2 FY 2012 - 13 Quarter II Quarter I Quarter II FY 11-12 FY13 FY13 FY12 Turnover (Rs. Mn) 2,609 2,464 1,408 7,993 EBIDTA (Rs. Mn) 920 (35%) 975 (40%) 619 (44%) 2,907 (36%) PAT (Rs. Mn) 456 (18%) 492 (20%) 262 (19%) 1,290 (16%) Weighted Average Cost of Debt 13.69% 13.66% 13.61% 13.63% R
Slide 5: Highlights of Q2 FY 2012-13
Highlights of Q2 FY 2012 - 13 Turnover & EBIDTA (Rs. Mn) Collections (Rs. Mn) 3,000 2,609 6,000 2,464 5,050 2,500 4,556 2,177 Turnover 5,000 4,241 2,000 1,798 EBIDTA 4,000 3,268 3,280 1,500 1,408 (40%) (35%) 3,000 (39%) 2,250 975 (44%) (35%) 842 920 1,000 2,000 620 630 500 1,000 0 0 Q1 FY12 Q2 FY12
Slide 6: Highlights of Q2 FY 2012-13: Business Performance
Highlights of Q2 FY 2012 - 13 Business Performance Launches/Pre Launches during Q2 Developable Area Economic No. of Units % Sold Project Location (Mnsf) Interest (PEPL Share) (PEPL Share) Residential Prestige Ferns Residency Bangalore 3.29 61.50% 814 39% Prestige Misty Waters Bangalore 1.02 50.00% 2
Slide 7: Financials Update
FINANCIALS UPDATE 7 www.prestigeconstructions.com
Slide 8: Balance Sheet As At 30th September, 2012
Financials Balance Sheet As At 30th September, 2012 Rs. Mn As at As at As at Particulars 30-Sep-12 30-Jun-12 31-Mar-12 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,281 3,281 3,281 (b) Reserves and surplus 18,939 18,482 17,990 22,220 21,763 21,271 (2) Non-current liabilities
Slide 9: Profit & Loss Account For The Period Ended 30th September, 2012
Financials Profit & Loss Account For The Period Ended 30th September, 2012 Rs. Mn Quarter ended Half Year ended Year ended Particulars 30-Sep-12 30-Jun-12 30-Sep-11 30-Sep-12 30-Sep-11 30-Mar-12 (I) Revenue from Operations 2,414 2,192 1,281 4,606 3,765 7,455 (II) Other Income 195 272 127 467 253 538
Slide 10: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. Particulars 30-Sep-12 30-Jun-12 30-Sep-11 31-Mar-12 No. Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 2,414 2,192 1,281 7,455 2 Other Income 195 272 127 538 3 Total Income 2
Slide 11: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 30-Sep-12 30-Jun-12 30-Sep-11 31-Mar-12 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 645 25% 658 27% 346 25% 1,817 23% 12 Tax 189 166 84 527 13 PAT 456 18% 492 20% 262 19% 1,290 16% 14 E
Slide 12: Sales Summary
SALES SUMMARY www.prestigeconstructions.com 12
Slide 13: Sales Summary
Sales Summary Area in Mnsf Rs. Mn Quarter II FY12-13 Quarter I FY12-13 Quarter II FY11-12 FY 11-12 Half Year FY12-13 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income 1.17 793 5,707 1.29 787 5,929 1.92 1,429 6,686 4.18 2,923 16,04
Slide 14: Unrecognized Revenue from Projects under Construction
Unrecognized Revenue from Projects under Construction Rs. Mn Total Sales value of Cumulative Balance Expected Timeline to reach Sl.No Projects unit sold area as at Turnover declared Turnover to be 25% Trigger 30.09.2012 up to 30.09.12 declared on Poc A Ongoing Residential Projects 1 Prestige Golfshi
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 Sl.No Projects unit sold area as at Turnover declared to be declared on to reach 25% 30.09.2012 up to 30.09.12 Poc Trigger B Ongoing Commercial Projects 1 Prestige Khoday T
Slide 16: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance POC Amount Closing Balance Name of the Project New Sales as at 01.07.2012 Adjustment Realised as at 30.09.2012 Completed Projects Prestige Alecto 35 - - 35 Prestige Cyber Towers 354 354 Prestige Oasis 1,037 86 222 901 Prestige Palladium 183 - 183 0 Pres
Slide 17: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance as Incremental POC Closing Balance as Name of the Project POC Adjustment Amount Realised at 01.07.2012 Turnover at 30.09.2012 On Going Projects Prestige Edwardian - 218 70 - 148 Prestige Golfshire 1,209 148 - 11 185 1,183 Prestige Khoday Towers 98 37 12
Slide 18: Debt Profile
Debt Profile Rs. Mn Particulars Standalone % Consolidated Loan * % Debt as on 30.09.2012 Secured Loan 13,258 99% 20,965 99% a. Project Debt - Resi & Comm 7,987 60% 8,829 44% b. Capex Loans - Office Space - - 2,110 10% - Retail - - 692 3% - Hospitality 944 7% 1,481 7% c. Rental Securitisation Loans 1
Slide 19: Receivables Profile
Receivables Profile Area in Mnsf Revenue Generating Projects (Ongoing) Rs. Mn Developable Area 34.00 Cost Car Park Area 6.28 Saleable Area 27.72 59,043 Partner Share Prestige Share Already Balance to be Value NA Value 125,113 Incurred spent Area 5.12 Area 22.60 13,092 45,951 Sales achieved ( 61%) St
Slide 20: Rental Income
Rental Income RENTAL INCOME Area in Mnsf Rs. Mn OFFICE SPACE RETAIL EXISTING ONGOING UPCOMING EXISTING ONGOING UPCOMING Leasable Area Leasable Area* Leasable Area Leasable Area Leasable Area* Leasable Area 4.47 5.39 1.55 0.67 3.24 1.99 Prestige Share in Prestige Share in Prestige Share in Prestige S
Slide 21: Annualised Projected Exit Rentals for Area Leased
Annualised Projected Exit Rentals for Area Leased Area in Mnsf Rs. Mn Area Leased Total Leasable Rent per Rent P.a Sl. No Project Name Segment PEPL Share Prestige Area sft (annualised) Share Rental Income Existing as on 30 Sept, 2012 1 Prestige Estates Projects Ltd Commercial 1.60 1.60 1.60 37.50 72
Slide 22: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com 22
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 – 45.17 Mnsf Total Area – 37.34 Mnsf 4% 12% 7% Residential Residential Commercial 1% Commercial 19% Retail Retail Hospitality Hospitality 56% 29% 73% No. of No. of No. of Segment Area(Mnsf) Ongoing Completed Segment Area(Mnsf)
Slide 25: Product Mix – Geography Wise
Product Mix – Geography Wise Ongoing Projects Upcoming Projects Total Area – 45.17 Mnsf Total Area – 37.34 Mnsf 1% 1% Bangalore 8% 16% Hyderabad 2% 2% 0.29% Chennai Bangalore 5% Mysore Chennai Mangalore Cochin Cochin Mysore 75% 90% No. of Ongoing City Area(Mnsf) No. of Projects City Area(Mnsf) Proje
Slide 26: Ongoing Projects – Residential
Ongoing Projects Residential Prestige Developable Economic Prestige Share Sl.No Project City No of Units Share of Area (Mnsf) Interest (Mnsf) 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 Area Economic Prestige Share Sl. No Project City (Mnsf) Interest (Mnsf) 1 Prestige Shantiniketan (C Block) Bangalore 0.76 61.00% 0.46 2 Cessna Business Park B7 - B11 Bangalore 4.33 60.00% 2.60 3 Prestige Polygon Chennai 0.66 60.00% 0.40 4 Prestige Khoday Tower
Slide 28: Ongoing Projects – Retail and Hospitality
Ongoing Projects Retail Developable Economic Prestige Share Sl. No Project City Area (Mnsf) Interest (Mnsf) 1 Forum Sujana Hyderabad 1.47 24.50% 0.36 2 Forum Shantiniketan Bangalore 1.06 63.87% 0.67 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 Share Sl.No Project City Area (Mnsf) Interest (Mnsf) 1 Prestige Leela Residences Bangalore 0.36 60.00% 0.22 2 Prestige Seashore Chennai 0.49 27.54% 0.14 3 Prestige Brooklyn Heights Bangalore 0.27 60.00% 0.16 4 Kakanad Property Cochin 0.80 7
Slide 30: Upcoming Projects – Commercial
Upcoming Projects Commercial Developable Economic Prestige Share Sl.No Project City Area (Mnsf) Interest (Mnsf) 1 Forum Thomsun Cochin 0.20 25.00% 0.05 2 Prestige Trinity Centre Bangalore 0.16 43.00% 0.07 3 Prestige Khoday Platinum Bangalore 0.49 45.00% 0.22 4 Kakanad Property Cochin 0.20 70.00% 0.1
Slide 31: Upcoming Projects – Retail and Hospitality
Upcoming Projects Retail Developable Economic Prestige Sl.No Project City Area(Mnsf) Interest Share (Mnsf) 1 Forum Thomsun Cochin 0.91 25.00% 0.23 2 Prestige Mysore Central Mysore 0.11 50.00% 0.06 3 Kakanad Property Cochin 0.40 76.50% 0.31 4 ORR Mall Bangalore 1.02 62.95% 0.64 Total - C 2.44 1.24 Ho
Slide 32: 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 33.00% 55.44 3 Prestige Garden Resorts Pvt Ltd Bangalore 7.00 100.00% 7.
Slide 33: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com 33
Slide 34: Advantage Prestige
Advantage Prestige Spearheaded by Real Estate Icon, Mr. Irfan Razack & his brothers Mr. Rezwan and Noaman Razack Stable Cash Flows by way of Dedicated and Well Annuity Income & Diversified Experienced Senior Cash Flows from Various Management Team Segments Excellence across all Iconic developments R
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 Q2 FY
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 Comm. Retail Land Acquisition Liasioning & Hospitality 6 Venk
Slide 37: Shareholding Pattern
Shareholding Pattern PROMOTERS FOREIGN INST. INVESTOR MUTUAL FUND PUBLIC & OTHERS 2% 6% 12% 80% As on 30 Sept, 2012 37 Q2 FY 12-13 Collections: Rs 5,050 mn Cumulative HY FY 12-13 Collections: Rs 9,291 mn FY 12-13 Collections Guidance : Rs 15,000 mn
Slide 38: Guidance Vs Achieved: FY 12-13
Guidance Vs Achieved:FY 12-13 FY 12-13 FY 12-13 Q1 FY 12-13 Q2 FY 12-13 Half Year Guidance Actuals Actuals Achieved Sales (Rs. Mn) 25,000 10,101 8,160 18,261 (73.04%) Turnover (Rs Mn) 15,000 2,464 2,609 5,073 (33.82%) Collections (Rs. Mn) 15,000 4,241 5,050 9,291 (61.94%) Launches (Mnsf) 8.00 2.19 6
Slide 39: 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 40: 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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