Slide 1: Puravankara Projects Limited Results
Results – 31 Mar 2012 Puravankara Projects Limited May 2013
Slide 2: Contents
Contents • Company Overview 3 - 10 • Shareholding Pattern 11 - 13 • Sales 14 - 15 • Area information 16 - 22 • Cash Flows 23 - 25 • Income Statement Analysis 26 - 31 • Statement of Capital Employed 32 - 33 • Debt 34 - 36 • Leadership 37 • Awards and Achievements 38 2
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview • Deep domain knowledge of 38 years of the Promoter Mr. Ravi Puravankara, and his team have established Puravankara as a developer of repute; • Amongst South India’s leading real estate developer with an established presence in residential segment comprising of luxury and premium affordable
Slide 5: Strong business model
Strong business model Geographical presence Land Bank Diversified • Economies of scale through • Capitalize on existing land bank with • Product offerings spanning luxury to established presence in South India revenue visibility thereon premium affordable • Rapidly expanding the offerings in the • L
Slide 6: Premium Affordable housing through Provident Brand
Premium Affordable housing through Provident Brand • Established Provident Housing Limited in 2008 to create mid and mass housing projects comprising quality affordable apartments in response to burgeoning demand for mid-income housing • Affordability is a combination of – Efficient design improving
Slide 7: Land bank across various established micro-markets
Land bank across various established micro-markets Land portfolio Developable area breakup in millions sq. ft. Completed Ongoing Upcoming Land Bank Total (A) (B) (C) (A)+(B)+(C) Bengaluru 15.01 14.22 11.98 41.09 67.29 Chennai 1.10 6.96 3.31 4.66 14.93 Kolkata - 2.23 - - 2.23 Kochi 0.27 1.86 7.12 - 8
Slide 8: Ongoing Development
Ongoing Development By geography By entity By segment Commercial Coimbatore Hyderabad 2%; 0.5msft Provident 5%; 1.3msft 7%; 1.9msft 38%; 10.6msft Mangalore 1%; 0.4msft Kochi 7%; 1.9msft Kolkata 8%; 2.2msft Chennai Bengaluru Residential 25%; 6.7msft 51%; 14.2msft Puravankara 95%; 26.7msft 62%; 17.5ms
Slide 9: Upcoming Development
Upcoming Development By geography By entity By segment Provident 7.0%; Commercial Coimbatore 2%; 0.6msft 1.6 msft 7%; 1.5msft Chennai 14%; 3.3msft Kochi 31%; 7.1msft Bengaluru 52%; 12.0msft Residential Puravankara* 93%; 21.4msft 93.0%; 21.3msft Total=22.96 msft Note: 1. Area denoted only includes Pu
Slide 10: Summary of Financial Performance
Summary of Financial Performance Revenues (INR mn) EBITDA Profit Before Tax Profit After Tax 12,485 4,000 40% 3,000 35% 3,558 7,000 70% 2,434 5,794 3,500 35% 2,500 30% 6,000 60% 47% 48% 46% 3,000 30% 30% 25% 58% 36% 24% 24% 29% 20% 17% 19% 8,156 5,000 50% 2,000 3,925 2,500 25% 1,983 1,453 20% 4,000
Slide 11: Shareholding Pattern
PURAVANKARA Shareholding Pattern 11
Slide 12: Shareholding Pattern – as at 31 May 2013
Shareholding Pattern – as at 31 May 2013 Individuals and Insurance DIs, 2.59% Others, 1.45% Companies, 0.79% Mutual Funds, 6.56% FIIs, 13.6% Promoter, 75% Notes Promoter Shares are unencumbered Key Shareholders Mutual Funds FIIs Insurance and Bodies Corporate SBI AMC HSBC Life Insurance Corporation
Slide 13: Stock Movement
Stock Movement Puravankara outperformed BSE Realty Index during June 1 2012 to May 31 2013 by 40% 230 210 190 (Rebased to 100) 170 150 130 110 90 70 Jun/12 Jun/12 Jun/12 Oct/12 Oct/12 Jan/13 Jan/13 Mar/13 Mar/13 Jul/12 Jul/12 Aug/12 Aug/12 Apr/13 Apr/13 Sep/12 Sep/12 May/13 May/13 May/13 Nov/12 Nov/
Slide 14: Sales
PURAVANKARA Sales 14
Slide 15: Sales – 31 Mar 2013
Sales – 31 Mar 2013 Based on Bookings Quarter ended Area Sold Units Sold Sale Value Sale Realization Mar-13 Mar-12 % Mar-13 Mar-12 % Mar-13 Mar-12 % Mar-13 Mar-12 % msft msft Nos. Nos. Rs.in million Rs.in million Rs.psft Rs.psft Puravankara 0.72 0.32 123% 443 192 131% 3,338 1,383 141% 4,619 4,272 8%
Slide 16: Area Information
PURAVANKARA Area Information 16
Slide 17: Area Under Development – Snapshot
Area Under Development – Snapshot in millions sq. ft. FY11 FY12 FY13 Opening Area 16.35 21.12 23.74 Add: Launches during the year 1 7.32 5.80 7.28 Less: Completed during the year 2 (2.55) (3.18) (2.98) Closing Area 21.12 23.74 28.04 3 During FY13 Puravankara Provident Projects Completed Atria, Highl
Slide 18: Current Project Status – 31 March 2013
Current Project Status – 31 March 2013 S.No. Project Location Puravankara's On Area Launched JD / JV Developable Share - Total Flats Share for Area Developable Area Sold Developer Area Launched Inventory Area Cumulative Msft Units % Msft Msft Msft % COMPLETED 1 Puravankara 1 Atria Sanjay Nagar, Beng
Slide 19: Current Project Status – 31 March 2013 (contd.)
Current Project Status – 31 March 2013 – (contd.) S.No. Project Location On Area Launched Puravankara's JD / JV Developable Share - Total Flats Share for Area Developable Area Sold Developer Area Launched Inventory Area Cumulative Msft Units % Msft Msft Msft % NEARING COMPLETION Puravankara 1 Grand
Slide 20: Current Project Status – 31 March 2013 (contd.)
Current Project Status – 31 March 2013 – (contd.) S.No. Project Location Puravankara's On Area Launched JD / JV Developable Share - Total Flats Share for Area Developable Area Sold Developer Area Launched Inventory Area Cumulative Msft Units % Msft Msft Msft % UNDER CONSTRUCTION Puravankara 1 Platin
Slide 21: Current Project Status – 31 March 2013 (contd.)
Current Project Status – 31 March 2013 – (contd.) S.No. Project Location On Area Launched Puravankara's JD / JV Developable Share - Total Flats Share for Area Developable Area Sold Developer Area Launched Inventory Area Cumulative Msft Units % Msft Msft Msft % NEARING COMPLETION COMMERCIAL Puravanka
Slide 22: Immediate Launches - Schedule
Immediate Launches - Schedule Development Developable PPL Share Saleable Expected Launch Expected Completion S. No Location City Development Model Current Status Type Area in JD Area Date date Msft Msft Puravankara Puravankara Development planning in 1 Kudlu Bengaluru Own Residential 0.48 100% 0.48
Slide 23: Cash Flows
PURAVANKARA Cash Flows 23
Slide 24: Cash Flow – Summary
Cash Flow – Summary Rs. millions As at March 2013 Puravankara Provident Total Cumulative collections 1 23,444 8,025 31,469 Balance collections from sold units 2 (A) 7,592 2,915 10,507 Inventory 3 (B) 52,993 26,647 79,640 Balance cost to go 4 (C) 19,586 14,841 34,427 Contingencies 5 (D) 5,200 Surplus
Slide 25: Cash Flow Statement
Cash Flow Statement Rs. millions Q1 2013 Q2 2013 Q3 2013 Q4 2013 FY 2012-13 Receipts Collection from Sale of Flats 2,181 2,426 2,542 4,020 11,169 Other Income 20 17 16 20 73 A Total Receipts 2,201 2,443 2,558 4,041 11,242 Expenses Construction Cost incurred (1,343) (1,371) (1,332) (1,892) (5,938) Em
Slide 26: Income Statement Analysis
Income Statement Analysis 26
Slide 27: Income Statement – Summary
Income Statement – Summary Rs. millions Puravankara Provident Others 3 Total Recognised for year ended FY 2013 Revenue Recognised 1 (A) 7,959 4,085 220 12,263 Land Cost Recognized (B) 829 201 21 1,050 Construction Costs Recognised (C) 2,902 1,461 - 4,364 Surplus (A) – (B) – (C) 4,228 2,422 199 6,849
Slide 28: Result Highlights
Result Highlights Rs. millions Other Subsidiaries Q4FY13 Puravankara Provident Starworth Consolidated and Eliminations 1 Revenues 2,570 1,484 280 -174 4,160 YoY growth (%) 77.8% 89.3% 56.1% 79.2% Profit Before Tax 439 581 17 111 1,148 YoY growth (%) 145.0% 73.4% -31.2% 77.0% margins (%) 17.1% 39.2%
Slide 29: Consolidated Statement of Profit and Loss for the quarter ended 31 March 2013
Consolidated Statement of Profit and Loss for the quarter ended 31 March 2013 Rs. millions 31 Mar 2013 31 Mar 2012 Income Revenue from operations Revenue from projects 4,123 2,306 Other operating revenues 26 14 Other income 11 2 Total 4,160 2,321 Expenses Material and contract cost 1,734 1,337 Land
Slide 30: Consolidated Statement of Profit and Loss for the year ended
Consolidated Statement of Profit and Loss for the year ended Rs. millions 31 Mar 2013 31 Mar 2012 31 Mar 2011 31 Mar 2010 Income Revenue from operations Revenue from projects 12,320 8,097 5,934 4,727 Other operating revenues 139 45 66 63 Other income 26 14 1 9 Total 12,485 8,156 6,002 4,800 Expenses
Slide 31: Key Financial Indicators
Key Financial Indicators Particulars FY13 FY13-Q4 FY13-Q3 FY12 FY12-Q4 FY11 Total Income Rs. in Million 12,485 4,160 3,108 8,156 2,321 6,002 EBITDA from Operations Rs. in Million 5,794 1,784 1,579 3,925 1,198 2,823 Profit before Tax Rs. in Million 3,558 1,148 949 1,983 649 1,456 Profit after Tax Rs.
Slide 32: Statement of Capital Employed
Statement of Capital Employed 32
Slide 33: Statement of Capital Employed
Statement of Capital Employed Rs. millions 31 Mar 2013 31 Mar 2012 Sources of Funds Equity 1,067 1,067 Reserves and Surplus 17,928 18,995 52% 15,806 16,873 56% Total Debt 17,663 48% 13,253 44% Total 36,658 100% 30,126 100% Application of Funds Land Investments 1,442 1,233 Properties held for develop
Slide 34: Debt
PURAVANKARA Debt 34
Slide 35: Debt Structure – March 2013
Debt Structure – March 2013 Inter Corporate Debentures Deposit 6% 4% Term Loan 12% Over Drafts 14% Term Loans 64% Debt Movement Q4 - 2013 Q4 - 2012 FY 2013 FY 2012 INR Million INR Million INR Million INR Million Opening Balance 16,316 12,080 13,253 11,587 Additions during the period 5,489 3,405 12,8
Slide 36: Equity Raised and Utilization
Equity Raised and Utilization Shares Issue Price Proceeds Nos. Rs.per share Rs. Institutional Placement Programme 2,37,25,351 81.00 1,92,17,53,431 Offer for Sale1 1,41,35,576 81.76 1,15,44,03,797 3,78,60,927 3,07,61,57,228 Less: Issue Expenses2 16,00,00,000 Surplus 2,91,61,57,228 Utilization Repayme
Slide 37: Dedicated and experienced management team
Dedicated and experienced management team – committed to best practices of corporate governance Executive team Ravi Ashish Nani R. Jackbastian Anil Kumar A Puravankara Puravankara Choksey Kaitan Chief Financial Chairman and Joint Deputy Nazareth Officer Managing Managing Managing Group Director Dire
Slide 38: Awards and achievements
Awards and achievements Awards for Puravankara projects Purva Fountain Square Luxury Project of the Year at Realty Excellence Awards, 2011 Purva Fountain Square Best Ornamental Garden, 2013 by the Mysore Horticulture Society Purva Windermere Most Admired Upcoming Project of the Year, 2013 at Real Es
Slide 39: Disclaimer
Disclaimer This presentation contains certain forward-looking statements. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, o
Slide 40: THANK YOU
THANK YOU Puravankara Projects Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Please contact: Mr. Anil Kumar, Chief Financial Officer Email: cfo@puravankara.com; Tel: +91-80-4343 9688 40