Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q1 FY2011-12 Earnings Presentation
38 slides from Prestige Estates Projects's earnings presentation, 2011
Slide 1: Investor Presentation 14th Annual General Meeting Q1 FY 2011-12
14th ANNUAL GENERAL Investor Presentation MEETING Q1 FY 2011 - 12
Slide 2: Index
Index Highlights of Q1 FY 2011 - 12 Financials Sales Summary Debt Profile Receivables Profile Rental Portfolio Project j Portfolio & Update p Brand - Prestige Awards & Recognition 2
Slide 3: Highlights of Q1 FY 2011-12
z HIGHLIGHTS OF Q1 FY 2011 - 12
Slide 4: Highlights of Q1 FY 2011-12
Highlights of Q1 FY 2011 - 12 For the Quarter ended June 30, 30 2011, 2011 the turnover of the company is Rs.2,610 million (Q1 FY 2010 – 11 - Rs.2,674 million) EBIDTA is 31% % amounting g to Rs.815 million (Q1 FY 2010 – 11 - Rs.577 million - 22%) Profit after tax is 14% amounting g to Rs.364 m
Slide 5: Highlights of Q1 FY 2011-12
Highlights of Q1 FY 2011 - 12 Total Rental Income as on June 30, 2011 - Prestige Share is Rs.385 million Total Unbilled Revenue as on June 30, 2011 is Rs. 17,007 million Area leased during the quarter is 1 msf (Prestige Share – 0.48 msf) and total area under lease as on date – Cumulative is 6.
Slide 6: Financials Update
FINANCIALS UPDATE e
Slide 7: Financials: Balance Sheet as at 30th June 2011
Financials Rs in Mn BALANCE SHEET AS AT 30TH JUNE 2011 (Unaudited) (Audited) (Audited) As at As at As at 30-Jun-11 30-Jun-10 31-Mar-11 Rs. Rs. Rs. SOURCES OF FUNDS 1 Shareholders' 1. Sh h ld ' funds f d (a) Capital 3,281 2,625 3,281 (b) Reserves and surplus 17,521 3,900 17,156 2. Loan funds (a) Secu
Slide 8: Financials Contd: Profit and Loss Account
Financials Contd.. Rs in Mn PROFIT AND LOSS ACCOUNT FOR THE PERIOD ENDED 30TH JUNE 2011 (Unaudited) (Audited) (Audited) Period ended Period ended Year ended 30-Jun-11 30-Jun-10 31-Mar-11 Rs. Rs. Rs. INCOME Income from operations Residential and commercial projects 2,072 2 072 2,228 2 228 12,319 12 3
Slide 9: Financials Contd: Margins and Ratios
Financials Contd.. Rs in Mn Three months Three months Year ended period ended period ended Sl. No. Particulars 30-Jun-11 Ratio / % 30-Jun-10 Ratio / % 31-Mar-11 Ratio / % Rs. Rs. Rs. (Unaudited) (Audited) (Audited) 1 Project Sales and Property Income 2,484 2,596 13,850 2 Cost of Projects and Propery
Slide 10: Financials Contd: EPS, Net Worth, Net Debt
Financials Contd.. R iin Mn Rs M Three months Three months Year ended period ended period ended Sl. No. Particulars 30-Jun-11 Ratio / % 30-Jun-10 Ratio / % 31-Mar-11 Ratio / % Rs. Rs. Rs. (Unaudited) (Audited) (Audited) 14 EPS 1 11 1.11 0 95 0.95 6 98 6.98 15 Net Worth (Standalone) 20,801 6,525 20,4
Slide 11: Sales Summary
Sales Summary Area in sft Value in Rs Mn SALES TOTAL FY 2011 QQ4 FY 2011 QQ1 FY 2011 QQ1 FY 2012 Particulars Area Units Value Area Units Value Area Units Value Area Units Value RResidential id ti l Mid Income Segment 515,720 271 2,323 134,377 66 690 118,307 61 490 293,718 197 1,125 Premium Segment 6
Slide 12: Unbilled Revenue of Projects under Execution
Unbilled Revenue of Projects under Execution Rs in Mn Revenue Balance Total Recognised Revenue to Sl No Name of the project Revenue for Upto be Recognition 30 06 2011 30.06.2011 Recognised A B C = (A-B) A RESIDENTIAL 1 Prestige Neptune Courtyard 2,735 1,996 738 2 g Golfshire Prestige 3,515 1,476 2,0
Slide 13: Project Debtors Summary
Project Debtors Summary Rs in Mn Debtors due to Opening New Sales and Balance as at Incremental Amount Closing Balance Name of the Project 01.04.2011 POC Turnover Realised as at 30.06.2011 Completed Projects - A Prestige Alecto 73.91 - - 73.91 Prestige Andree Residences 3.83 - 0.55 3.29 Prestige Ash
Slide 14: Debt Profile
Debt Profile Rs in Mn Consolidated Particulars Standalone % % Loan * Debt as on 30.06.2011 Secured Loan 9,330 98% 14,346 97% a. Project Debt - Residential & Commercial 3,769 40% 4,369 30% a. Capex Loans 458 5% 714 5% b. Rental Securitisation Loans 2,597 28% 6,757 47% c. Receivables discounting loans
Slide 15: Receivables Profile
Receivables Profile Area in Mn sft Value in Mn Rs 15
Slide 16: Rental Income
Rental Income Adhd Presse Existing Rental Properties Leasable Area Leasable Area* PUD & Forth Coming Leasable Area As on June 30, 2011 (Areas are in Mn Sft) (Values are in Mn Rs) Existing Reta Properties Leasable Area Ongoing Leasable Area* PUD & Forth ‘Coming Leasable Area Prestige Share in Leasabl
Slide 17: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE z 17
Slide 18: Business Segments
Business Segments Our Business Residential Commercial Retail Hospitality Services Sub‐leasing and Apartments Office Space Malls Resorts fit‐out services Service Villas SEZs Project and Apartments Construction Mgmt services Built‐to‐suit B il i Townships Hotels Campuses Interior Design and Execution
Slide 19: Product Mix by Geography and Segment
Product Mix – By Geography Number of Projects by region 4% 3% 47 12% Bangalore 50 45 3% Mangalore 40 2% 35 Mysore 30 25 Chennai 20 Cochin 15 6 5 Hyderabad 10 2 2 2 5 76% - Area – 62.41 62 41 msf Product Mix – By Segment Ongoing Projects Upcoming Projects 17% 4% 9% 43% 4% Residential R id ti l 18% Co
Slide 20: Projects completed in Q1 FY 2011-12
Projects completed in Q1 FY 2011 ‐ 12 JD ratio/ Developable Project name Location Economic area in Sft i t t interest RESIDENTIAL PROJECTS Prestige SouthRidge Bengaluru 856,966 100% Sub Total 856,966 COMMERCIAL PROJECTS Prestige Atrium Bengaluru 171,540 50% Cessna Business Park - B5 Bengaluru 594,83
Slide 21: Other Projects expected to be completed in FY 12
Other Projects expected to be completed in FY 12 Developable Total No of PEPL Sl no Project Name Location PEPL Stake Area (Sft) Units Share A RESIDENTIAL 1 Prestige Neptune Courtyard Cochin 1,080,156 100.00% 374 374 TOTAL - A 1,080,156 374 374 B COMMERCIAL 1 Prestige P ti Dynasty- D t II BBengaluru
Slide 22: Ongoing Projects – Segment wise
Ongoing Projects – Segment wise Developable D l bl Area A PEPL Totall No T N PEPL Sl no Project Name Location (Sft) Stake of Units Share A RESIDENTIAL 1 Prestige Neptune Courtyard Cochin 1,080,156 100.00% 374 374 2 Prestige Golfshire (Villas) Bengaluru 1,958,975 100.00% 225 225 3 Prestige White Mead
Slide 23: Ongoing Projects – Segment wise contd..
Ongoing Projects – Segment wise contd.. Developable Area PEPL Total No of Sl no Project Name Location (Sft) Stake Units C HOSPITALITY No of Keys y 1 Aloft Bengaluru 286,188 60.00% 206 2 Hilton Bengaluru 450,000 100.00% 320 3 Forum Value Mall- Serviced Apt p Bengaluru g , 369,146 35.00% 168 4 Golfshi
Slide 24: Upcoming Projects – Segment wise
Upcoming Projects – Segment wise Launch Developable p PEPL Sl No N P j tN Project Name L Location ti PEPL Share Sh off Area A Date Area (Sft) Stake A RESIDENTIAL 1 Prestige Sunnyside FY 12 Bengaluru 975,818 100.00% 975,818 2 Prestige Bellavista FY 12 Chennai 5,047,364 60.00% 3,028,418 3 Jacobs Land
Slide 25: Upcoming Projects – Segment wise contd..
Upcoming Projects – Segment wise contd.. Developable PEPL Sl No Project Name Launch Date Location PEPL Share of Area Area (Sft) Stake C RETAIL 1 Forum Thomsun FY 12 Cochin 910,000 25.00% 227,500 Sub Total 910,000 227,500 1 Graphite Property Bengaluru 661,000 661 000 50.99% 50 99% 337,044 337 044 2 P
Slide 26: Projects Launched in Q1 FY 2011-12: Prestige Tranquility
Projects Launched in Q1 FY 2011 - 12 Particulars Prestige Tranquility Budigere, Off Old Madras Road, Location Bengaluru Expectedd Completion l i Date Q4, FY15 Developable Area(sft) 4,565,914 Saleable (sft) 3 320 395 3,320,395 Total No of Units 2321 Prestige g Share 100% Units Sold 124 Sold Area (sft
Slide 27: Projects Launched in Q1 FY 2011-12 contd..
Projects Launched in Q1 FY 2011 – 12 contd.. Particulars Prestige Park View Location Whitefield, Bengaluru Expected Completion Date Q3, FY15 Developable Area(sft) 926,525 Saleable Area (sft) 629,730 T t lN Total No off Units U it 376 Prestige Share: 65% Saleable Area (sft) 409,325 No of Units 247 Un
Slide 28: Land Bank Details
Land Bank Details PEPL Share of SSl No Company Co pa y Na Namee Location ocat o Area ea in Acres c es Economic te est Area in Acres co o c Interest Bidadi - 1 Prestige Bidadi Holds Pvt Ltd Bengaluru 142.74 100% 142.74 2 Prestige Projects Pvt Ltd Bengaluru 163.00 33% 53.27 3 Prestige Estates Projects
Slide 29: About the Company
ABOUT THE COMPANY e 29
Slide 30: Brand - Prestige
Brand - Prestige Brand created over 25 years and over 158 projects. Area executed so far : 45.33 msf across all segments. Headed by Mr. Irfan Razack who is recognized as a visionary and a real y supported estate icon who is ably pp by y his brothers Mr. Rezwan Razack and Mr. Noaman Razack - wi
Slide 31: About the Company - Contd
ABOUT Brand THE COMPANY - Contd - Prestige Strong St J i t Venture Joint V t P t Partners such h as CapitaLand, C it L d RedFort R dF t and d Urban Ub Infrastructure Opportunities Fund. Awarded Crisil DA1 rating (Highest Developer rating in the category) in recognition of the quality and deliver
Slide 32: Shareholding Pattern
Shareholding Pattern *As on 30 June 2011 1 07% 1.07% 17.87% 1.05% 80.01% Foreign Institutional Investors Mutual fund Promoters Public & Others 32
Slide 33: Awards & Recognition
Awards & Recognition FIABCI PRIX d’EXCELLENCE AWARD 2011 Industrial Category: Prestige Tech Park CNBC AWAAZ CRISIL – CREDAI REAL ESTATE AWARD 2010 Best Residential Property ( More than 5 lakh Sft) Prestige Wellington Park 33
Slide 34: Awards & Recognition
Awards & Recognition Realty Plus Excellence Award 2011 ¾ Developer of the Year: Leisure & Entertainment ¾ Developer of the Year: Residential S i hti Good Srishti G d Green G Governance G Award A d 2010 34
Slide 35: Asia Pacific Property Awards
ASIA PACIFIC PROPERTY AWARDS Read =8=6© Every year AWARDS Slgomberg Higher it's the same old story. And you know what, we love it! Cessna Business Park At the Asia Pacific Property 4 Awards 2011 in association with pap Bloomberg Television, a total of PROPERTY * ‘ INTC ey six Prestige developments c
Slide 36: Accolade
ACCOLADE Mr. Irfan Razack, CMD Prestige Group receiving the ‘Best Developer Award’ for 2009-10 awarded by Karnataka State Town Planning Department on May 27, 2011.
Slide 37: Disclaimer
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’ss Ltd future business prospects and business profita
Slide 38: Thank You
THANK YOU Prestige Estates Projects Ltd. Mr. Venkat K Narayan The Falcon House, House Chief Financial Officer Phone: +91 -80 – 25001280 1, Main Guard Cross Road, E-mail: investors@prestigeconstructions.com Bangalore – 560 001 Phone: +91 -80 – 25591080 Fax: + 91 – 80 - 25591945
Prestige Estates Projects — Q1 FY2011-12 Earnings Presentation on 6ix