Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q1 FY2019 Earnings Presentation
17 slides from Peninsula Land's earnings presentation, Oct 10, 2018
Slide 1: Results Presentation Q1 FY 2019
Results Presentation Q1 FY 2019
Slide 2: Business Updates
Business Updates [el
Slide 3: Forayed into Affordable Housing Segment – addressOne, Gahunje, Pune
Forayed into Affordable Housing Segment – addressOne : Gahunje, Pune • Launched first phase admeasuring 0.5 mn Sq ft. during Q1 of FY 2019 • Record breaking sale of 757 units admeasuring 463,285 Sq ft. for a consideration of Rs. 167 Cr. • Total development potential – 2.8 mn Sq ft. in multiple phase
Slide 4: Business Updates in Q1 FY 19
Business Updates in Q1 FY 19 New Sales Bookings / Collections Sold 478,641 Sq. ft. during Q1 FY19 as against 91,532 Sq. ft. during Q1 FY 18 Recorded new sales value of Rs. 204 Cr during Q1 FY19, as against Rs. 108 Cr during Q1 FY 18 Collections were at Rs. 122 Cr for Q1 FY 19, as against Rs. 253 Cr
Slide 5: Progress on monetization of non-core assets
Progress on monetization of non-core assets Collection on account of land monetization Rs. 65 Cr on exit from non-core assets Rs 57 Crs of Hinjewadi land (Tranche #2) Rs 8 Crs balance out of Land Sale of Mamurdi Other transactions MoU signed for sale of land at Patancheru, Hyderabad for Rs. 95 Crs E
Slide 6: Projects Overview
Projects Overview [el
Slide 7: Details of Ongoing Projects - Q1 FY 2019
Details of Ongoing Projects - Q1 FY 2019 No Avg. PLL Area Sales Collection of Reali- Projects Share Sold Value (Rs. Crs) Units zation (%) (sft ) (Rs.Cr) in Q1 sold (Rs./sft) Bishopsgate 50% - - - - - Salsette 27 57% 8 13,400 37 27,767 44 Peninsula Heights, JP Nagar 80% 1 5090 7 11,880 12 addressOne
Slide 8: Summary of Ongoing projects – till Jun '18 (cumulative)
Summary of Ongoing projects – till Jun ‘18 (cumulative) Saleable Area Sold Average PLL Share No of Units Sales Value Collections Projects Area (sq ft Location (sq ft in Realization (%) Sold (Rs. Cr) (Rs. Cr) in 000’s) 000’s) (Rs. / sq ft) Residential-Ongoing Bishopsgate 93 Mumbai 50% 10 78 540 69,61
Slide 9: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects PLL Share Area Sale Work Sold Value of % of Sales Comple- Revenue Balance Project (sq ft Area Sold Complete tion Recognized Revenue Revenue % Revenue ‘000s) (Rs. Cr) Recognized to be Recognized Bishopsgate 78 540 83% 86% - 50% 270 - 270 Celestia Spaces-PLL
Slide 10: Financials Overview
Financials Overview [el
Slide 11: Key financial snapshot (standalone)
Key financial snapshot (standalone) Particulars (Rs. Cr) Q1FY19 Q1FY18 FY18 Income Statement Income from Operations 11 22 315 Profit before Interest & Exceptional Items 4 29 139 Interest 55 62 280 Exceptional Items * 139 - 180 PBT (190) (32) (322) Tax Expense 0 (4) 12 PAT (190) (28) (334) * Exceptio
Slide 12: Profit and Loss (standalone)
Profit and Loss (standalone) P&L Snapshot (Rs. Cr) Q1FY19 Q1FY18 Income Total Income from operations (Gross) 11.0 21.7 Other Income 26.1 54.2 Total Revenue 37.1 75.9 Expenses a) Realty Cost Incurred 28.5 76.2 b) Changes in inventories of FG, WIP & stock-in-trade (26.3) (61.1) c) Employee benefits ex
Slide 13: "Ind AS 115" & its impact
“Ind AS 115” & its impact Effective for accounting periods beginning on or after 01-04-2018 Change from “risk & reward model” to “control model” Revenue to be recognized at the time of final delivery of the apartment to the customer Effective of adoption of Ind AS 115 Reversal of Revenue, cost and p
Slide 14: Ind AS 115 – effect at Peninsula
Ind AS 115 – effect at Peninsula Reserves & Surplus Impact Rs. Crs. Op. balance as on March 31, 2018 1,322 Less Net Impact of AS 115 for 2016-17 (15) Less Net Impact of AS 115 for 2017-18 (7) (22) Revised balance after IND AS 115 as on March 31, 2018 1,300 Note Revenue booked from Celestia Space pro
Slide 15: Debt profile
Debt profile Particulars (Rs. Cr) 30.06.18 31.03.18 Standalone Total Debt 2,071 2,094 Less: Cash & Cash equivalents 62 63 Net Debt 2,009 2,031 Net Worth 1,166 1,356 Debt Equity – Gross Borrowing (x) 1.78 1.54 Debt Equity – Net Borrowing (x) 1.72 1.50 ICRA, A- rating and Brickworks, A rating for long
Slide 16: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 17: Thank You
[am] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP