Puravankara Limited · NSE:PURVA
Puravankara — Q2 FY2023 Earnings Presentation
42 slides from Puravankara's earnings presentation, Nov 4, 2022
Slide 1: Exchange filing cover letter for results presentation
November 04, 2022 To, The General Manager – DCS, The Manager, Listing Operations-Corporate Services Dept. Listing Department, BSE Ltd. National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Rotunda Exchange Plaza, 5th Floor, Plot No. C/1, G Building, 'P J. Towers, Dalal Street, Fort, Bl
Slide 2: Investor Presentation Q2 FY23
Investor Presentation Q2 FY23 Purva Sunflower
Slide 3: Table of Contents
Table of Contents * Company Overview 3–7 * Development Bank 8 – 10 * Operational Overview – Area and Sales 11 – 13 * Launch pipeline 14 * Update of Financials 15 – 18 * Cash Flow Statements 19 – 20 * Debt 21 * Appendix 1 : Project Status 22 – 25 * Appendix 2 : Other corporate information 26 – 33 * A
Slide 4: Company Overview
Company Overview Artist’s impression of Provident Capella 3
Slide 5: Overview
Overview ❖ One of India’s most trusted real estate majors 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 one of the most admired brands ❖ Complete
Slide 6: Highlights for the period
Highlights for the period We have achieved the highest ever sales for Launched 3 projects – Purva Meraki, Purva the second quarter and for the first half of Park Hill and Purva Celestial any financial year. Brand “Provident” takes a new avatar Almost 90% of the sales booking and customer collection
Slide 7: World Class Technology
World Class Technology • Starworth Infrastructure and Construction Limited – wholly owned subsidiary focussed on technology enabled construction solutions • Design-build, Civil and MEP Capabilities for a wide variety of real estate and infrastructure projects • 100% precast solutions –construction s
Slide 8: Purva Land – Plotted development
Purva Land – Plotted development • Dedicated arm for plotted development • To cater to the evolving needs of homebuyers and offer a highly lucrative investment opportunity • To enable our customers to benefit from a fruitful investment, as well as enjoy greater flexibility with respect to the layout
Slide 9: Development Bank
Development Bank Artist’s impression of Purva Atmosphere Artist’s impression of Purva Aspire Actual site picture – Purva Palm Beach 8
Slide 10: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 30.83 12.98 38.00 50.98 Chennai 6.26 2.81 7.64 10.45 Hyderabad 2.49 0.45 - 0.45 Kochi 1.89 3.97 3.67 7.64 Others 1.57 0.23 1.01 1.24 West India 0.
Slide 11: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of Provident accounts for 43% of the launch pipeline; in line ongoing and 33% of launch pipeline with the market trends and the Group‘s strategy 8% NewLaunches 1% 22% 6% Launch Pipeline 16% 19% Ongoing 36% 0% 39% Ongoin
Slide 12: Operational Overview – Area and sales
Operational Overview – Area and sales Actual site picture – Purva Palm Beach 11
Slide 13: Sales Q2FY23 Vs Q2FY22
Sales Q2FY23 Vs Q2FY22 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-22 Sep-21 % Sep-22 Sep-21 % Sep-22 Sep-21 % Sep-22 Sep-21 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.45 0.33 36% 199 181 10% 389 276 41% Completed Projects 0.08 0.
Slide 14: Sales H1FY23 Vs H1FY22
Sales H1FY23 Vs H1FY22 Based on Bookings Half Yearly Area Sold Units Sold Sale Value Sale Realization Sep-22 Sep-21 % Sep-22 Sep-21 % Sep-22 Sep-21 % Sep-22 Sep-21 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.68 0.62 10% 327 348 -6% 615 519 19% Completed Projects 0.10 0.12
Slide 15: Launch Pipeline
Launch Pipeline Sr. no Location/ Project Name City Development Model Development Type Developable Area PPL Share in JD Saleable area Expected launch date (msft) Puravankara 1 Lalbagh (Purva Orient Grand) Bengaluru Joint Development Residential 0.21 55% 0.12 Q3FY23 2 Windermere 4* Bengaluru Owned Res
Slide 16: Update on financials
Update on financials Actual site picture – Purva Palm Beach 15
Slide 17: Consolidated Statement of Profit & Loss for the quarter ended Sept 30, 2022
Consolidated Statement of Profit & Loss for the quarter ended Sept 30, 2022 All numbers in INR Cr Particulars Q2FY23 Q1FY23 Q2FY22 Income from operations Revenue from projects 239.48 214.85 256.31 Other Income 13.37 82.50 16.64 Total Income from operations 252.85 297.35 272.95 Expenses Sub-contracto
Slide 18: Consolidated Statement of Profit & Loss for the half year ended Sept 30, 2022
Consolidated Statement of Profit & Loss for the half year ended Sept 30, 2022 All numbers in INR Cr H1FY23 H1FY22 Particulars Un Audited Un Audited Income from operations Revenue from projects 454.33 437.81 Other Income 95.87 377.26 Total Income from operations 550.20 815.07 Expenses Sub-contractor
Slide 19: Consolidated Balance sheet as on Sept 30, 2022
Consolidated Balance sheet as on Sept 30, 2022 All numbers in INR Cr Equity and Liabilities Sep-22 Mar-22 Assets Sep-22 Mar-22 Un Audited Audited Un Audited Audited Shareholders' Funds Non-Current Assets (a) Equity share capital 119 119 (a) Property, plant and equipment 63 61 (b) Other equity attrib
Slide 20: Cash Flow
Cash Flow All numbers in INR Cr Cash Flow Statement FY22 Q1 FY 23 Q2 FY 23 H1 FY 2023 A Operating Inflows 2,231.5 666.8 677.6 1,344.5 B Operating Outflows (1,347.2) (482.5) (578.6) (1,061.0) C=A-B Operating Surplus 884.3 184.4 99.1 283.4 Less Interest Cost( Net ) (287.7) (90.7) (86.1) (176.8) Tax Pa
Slide 21: Projected Cash Flow
Projected Cash Flow All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 1,273 1,367 2,640 Value of Inventory open for sale 2 (B) 2,954 1,729 4,684 Balance cost to go 3 (C) 1,715 1,218 2,933 Surplus (A) + (B) – (C) (D) 2,513 1,878 4,391 Surplus from Inventory n
Slide 22: Debt movement pattern
Debt movement pattern All numbers in INR Cr in Rs. Cr Q2FY23 Q1FY23 Q4 FY22 Q3 FY22 Q2FY22 Q1FY22 Q4FY21 Q3FY21 Q2FY21 Opening Balance 2192 2190 2,283 2,189 2,136 2,502 2,613 2,834 2,680 Net Addition (Repayment) 333 1.70 -93 94 53 -366 -111 -221 154 Debt Outstanding 2525 2192 2190 2283 2189 2136 2,5
Slide 23: Appendix 1 – Project Status
Appendix 1 – Project Status Provident Sunworth 22
Slide 24: Project Status – Completed Projects as on Sept 30, 2022
Project Status – Completed Projects as on Sept 30, 2022 Puravankara's JD / JV Share for S.No. Project Location Developable Area Total Flats Share - Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Coronati
Slide 25: Project Status – Under Construction as on Sept 30, 2022
Project Status – Under Construction as on Sept 30, 2022 JD / JV Share for Puravankara's Share S.No. Project Location Developable Area Total Flats Developer - Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION Puravankara 1
Slide 26: Project Status – Not yet open for Sale as on Sept 30, 2022
Project Status – Not yet open for Sale as on Sept 30, 2022 Developable JD / JV Share for Puravankara's Share - S.No. Project Location Total Flats Area Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES NOT OPEN FOR SALE Pura
Slide 27: Appendix 2: Other Corporate Information
Appendix 2: Other Corporate Information 26
Slide 28: Governance Structure to drive long term growth
Governance Structure to drive long term growth Executive Team Ravi Puravankara Ashish Puravankara Nani R. Choksey Abhishek Kapoor Chairman Managing Director Vice Chairman Executive Director & CEO • Over 44 years of experience in • Bachelor’s degree in Business • Experience of over 44 years in • Expe
Slide 29: Shareholding Pattern as of September 30, 2022
Shareholding Pattern as of September 30, 2022 Others, 7.48% Mutual Funds, 1.18% FII & FPI, 16.34% Promoter, 75.00% Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate Mutual Funds Gothic Corporation Life Insurance Corporation Franklin Templeton Atyant Capital General Insura
Slide 30: Share Price Movement
Share Price Movement 160 140 120 100 80 60 Sep-21 Oct-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 PURVA SENSEX BSE REALTY Notes: Graph rebased to 100 29
Slide 31: Awards and Accolades
Awards and Accolades e4m Pride of India - The Best of Bharat 12th REALTY+ EXCELLENCE AWARDS 2021, 12th Annual Estate Awards - Developer of Realty+ 40 Under 40 Awards - Certificate of Awards 2022 – Puravankara Ltd PUNE for Best Themed Project of the Year - the Year - Residential (South) - Puravankar
Slide 32: Media & Capital Market Recognition
Media & Capital Market Recognition Strong business expansion plans for the next two quarters. focus on customer experience, variety of offerings and strengthening leadership and presence across areas of operation. 31
Slide 33: Glimpses of the Global CP Meet
Glimpses of the Global CP Meet in Pune (May 2022) during the Glimpses of the Global CP Meet in Dubai (May 2022) during the launch of an upcoming Provident Housing project in the city. launch of an upcoming Provident Housing project in Pune.
Slide 34: WHC Luxe events
A slice of the 4 WHC Luxe events (December 2021, February 2022, March 2022 & May 2022) that we curated for the patrons of the WorldHome Collection
Slide 35: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA VENEZIA PURVA SKYWOOD PURVA SKYDALE Bengaluru Bengaluru Bengaluru 34
Slide 36: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA BLUEMONT PURVA PALM BEACH PURVA ETERNITY Coimbatore Bengaluru Kochi 35
Slide 37: Appendix 4 : Select Ongoing Projects
Appendix 4 : Select Ongoing Projects PURVA ZENIUM PURVA ASPIRE PROVIDENT PARKSQUARE PROVIDENT KENWORTH Bengaluru Pune Bengaluru Hyderabad 36
Slide 38: Appendix 4 : Select Ongoing Projects
Appendix 4 : Select Ongoing Projects PROVIDENT CAPELLA PROVIDENT ADORA DE GOA PROVIDENT SKYWORTH Ph 2 Bengaluru Chicalim Mangaluru 37
Slide 39: Appendix 4 : Completed commercial projects
Appendix 4 : Completed commercial projects PURVA PRIMUS PURVA SUMMIT Chennai Hyderabad 38
Slide 40: Appendix 4 : Ongoing commercial projects
Appendix 4 : Ongoing commercial projects PURAVANKARA BUSINESS PARK MUNDHWA Bengaluru Pune 39
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 ri
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. Neeraj Gautam, Executive Vice President Email – Neeraj.Gautam@Puravankara.com; Tel: +9