Puravankara Limited · NSE:PURVA
Puravankara — Q4 FY20 Earnings Presentation
40 slides from Puravankara's earnings presentation, Jun 26, 2020
Slide 1: Exchange filing cover letter
June 26, 2020 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, Block, Ban
Slide 2: Investor Presentation Q4 FY20
Investor Presentation Q4 FY20
Slide 3: Table of Contents
Table of Contents * Company Overview 3-5 * Development Bank 6-8 * Operational Overview – Area and Sales 9-12 * Launch pipeline 13 * Update of Financials 14-17 * Cash Flow Statements 18-19 * Debt 20 * Appendix 1 : Project Status 21-25 * Appendix 2 : Other corporate information 26-30 * Appendix 3 : Ou
Slide 4: Company Overview
Company Overview Actual site picture – Purva Palm Beach 3
Slide 5: Company Overview – Iconic Brands in Real Estate
Company Overview – 2 Iconic Brands in Real Estate • Leading real estate enterprise providing diversified premium and affordable residential housing and commercial spaces • Over 4 decades of domain expertise, completed 71 projects measuring over 40.92msft • Diversified across markets, brands and deve
Slide 6: World Class Technology
World Class Technology • Starworth Infrastructure and Construction Limited – wholly owner subsidiary focussed on technology enabled construction solutions • Build-Design, Civil and MEP Capabilities for a wide variety of real estate and infrastructure projects • 100% precast solutions –construction s
Slide 7: Development Bank
Development Bank Actual site picture – Purva Palm Beach 6
Slide 8: 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 29.95 11.72 39.71 51.43 Chennai 6.26 1.64 11.71 13.35 Hyderabad 0.59 2.35 - 2.35 Kochi 1.89 3.43 4.21 7.64 Others 1.39 0.42 1.01 1.43 West India 0
Slide 9: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of Provident accounts for 74% of the launch pipeline; in line ongoing and 83% of launch pipeline* with the market trends and the Group‘s strategy 17% Launch pipeline 2% 26% Launch pipeline 15% 41% Ongoing 46% Ongoing 15
Slide 10: Operational Overview – Area and sales
Operational Overview – Area and sales Actual site picture – Purva Palm Beach 9
Slide 11: Project Delivery
Project Delivery in million sq. ft. (numbers in million sq. ft.) FY16 FY17 FY18 FY19 FY20 Opening Area 24.01 23.64 24.92 20.82 23.08 Add: Launches/Revisions during the period 1 2.46 4.77 1.96 3.95 2.29 Less: Completed during the period 2 -2.83 -3.49 -6.06 -1.69 -2.44 Closing Area 23.64 24.92 20.82 2
Slide 12: Sales Q4FY20 Vs Q4FY19
Sales Q4FY20 Vs Q4FY19 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Mar-20 Mar-19 % Mar-20 Mar-19 % Mar-20 Mar-19 % Mar-20 Mar-19 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.27 0.44 -39% 190 282 -33% 166 299 -45% 6,143 6,805 Completed P
Slide 13: Sales FY20 Vs FY19
Sales FY20 Vs FY19 Based on Bookings Year Ended Area Sold Units Sold Sale Value Sale Realization Mar-20 Mar-19 % Mar-20 Mar-19 % Mar-20 Mar-19 % Mar-20 Mar-19 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 1.52 1.29 17% 1,072 833 29% 1,027 871 18% 6,758 6,729 Completed Project
Slide 14: Launch Pipeline – sizeable Provident, opportunistic Puravankara
Launch Pipeline – sizeable Provident, opportunistic Puravankara Sr. no Location/ Project Name City Development Model Development Type Developable Area PPL Share in JD Saleable area (msft) Expected launch date Puravankara 1 Bavdhan (Purva Aspire) Pune Joint Development Residential 0.31 90% 0.28 Launc
Slide 15: Update on financials
Update on financials Actual site picture – Purva Palm Beach 14
Slide 16: Income Statement for Quarter Ended 31st March 2020
Income Statement for Quarter Ended 31st March 2020 All numbers in INR Cr Particulars Q4FY20 Audited Q3FY20 Unaudited Q4FY19 Audited Income from operations Revenue from projects 369.52 516.99 646.09 Other Income 20.27 11.12 20.99 Total Income from operations 389.79 528.11 667.08 Expenses Sub-contract
Slide 17: Income Statement for the Year Ended 31st March 2020
Income Statement for the Year Ended 31st March 2020 All numbers in INR Cr Particulars FY20 Audited FY19 Audited Income from operations Revenue from projects 2,128.37 2,050.49 Other Income 58.89 76.23 Total Income from operations 2,187.26 2,126.72 Expenses Sub-contractor cost 376.54 407.82 Cost of ra
Slide 18: Balance Sheet for the Year Ended 31st March 2020
Balance Sheet for the Year Ended 31st March 2020 All numbers in INR Cr March 2020 March 2019 March 2020 March 2019 Equity and Liabilities Assets Audited Audited Audited Audited Shareholders' Funds Non-Current Assets Equity Share Capital 120 119 (a) Property, plant and equipment 85 63 Other Equity 1,
Slide 19: Cash Flow: Operating Surplus after interest Rs 294 cr for FY20
Cash Flow : Operating Surplus after interest Rs 294 cr for FY20 All numbers in INR Cr Cash Flow Statement FY 19 Q1 FY 2020 Q2 FY 2020 Q3 FY 2020 Q4 FY 2020 FY 2020 A Operating Inflows 1,594.4 474.1 477.2 447.0 371.9 1,770.3 B Operating Outflows (1,313.3) (335.3) (275.6) (282.5) (234.5) (1,127.8) C=A
Slide 20: Projected Cash Flow: Visibility from ongoing open for sale units
Projected Cash Flow : Visibility from ongoing open for sale units All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 706 1,107 1,813 Value of Inventory open for sale 2 (B) 3,399 1,730 5,129 Balance cost to go 3 (C) 1,315 1,276 2,591 Surplus (A) + (B) – (C) (D
Slide 21: Debt Profile – Gross Debt lower by Rs 241 Cr during FY20
Debt Profile –Gross Debt lower by Rs 241 Cr during FY20 in Rs. Cr Q4FY20 Q3FY20 Q2FY20 Q1FY20 Q4FY19 Q3FY19 Opening Balance 2741 2,827 2,889 2,921 2,902 2,642 Net Addition (Repayment) -61 -86 -62 -32 19 260 Debt Outstanding 2681 2,741 2,827 2,889 2,921 2,902 Less: Cash and Cash Equivalents 145 151 2
Slide 22: Appendix 1: Project Status
Appendix 1 : Project Status 21
Slide 23: Appendix 1 – Project Status
Appendix 1 – Project Status 22
Slide 24: Project Status – Completed Projects as on March 31, 2020
Project Status – Completed Projects as on March 31, 2020 Puravankara's JD / JV Share for 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 % COMPLETED Puravankara 1 Bluemon
Slide 25: Project Status – Under Construction as on March 31, 2020
Project Status – Under Construction as on March 31, 2020 Puravankara's JD / JV Share for 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
Slide 26: Project Status – Not yet open for Sale units as on March 31, 2020
Project Status – Not yet open for Sale units as on March 31, 2020 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 % PHASES NOT OPEN FOR SA
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 Non Executive Directors Anup Shah Sanmukh Ravi Puravankara Non- Executive Independent Director Chairman • Bachelor’s degree in Commerce and Law • Over 44 years of experience in real estate Over 39 years of experience in field of law, indu
Slide 29: Shareholding and market performance
Shareholding and market performance Share Information (as at 31st March, 2020) NSE Ticker PURVA BSE Ticker 532891 % free-float 25% 3M ADTV (Shares) 1,41,198 30-Nov-19 30-Sep-19 29-Feb-20 31-Mar-19 30-Apr-19 31-Jul-19 31-Jan-20 31-Mar-20 31-Aug-19 31-May-19 31-Dec-19 30-Jun-19 31-Oct-19 3M ADTV (INR
Slide 30: Awards and Accolades
Awards and Accolades 11th Franchise Estate Awards 2019_for Best 11th Franchise Estate Awards 2019_for Best 11th REALTY+ EXCELLENCE AWARDS 2019 – 11th REALTY+ EXCELLENCE AWARDS 2019 – Affordable Budget Housing Developer of the Themed Project of the Year_West_Adora De SOUTH - Affordable Housing Projec
Slide 31: Media & Capital Market Recognition
Media & Capital Market Recognition Robust long term growth strategy with constant focus on enhancing the overall customer experienced has helped in strengthening our position as a thought leader in the industry @Puravankara Q4 FY19-20 30
Slide 32: Appendix 3 - Our efforts during COVID19 pandemic
Appendix 3- Our efforts during COVID19 pandemic 31
Slide 33: Puravankara's support for our workers and our Community during COVID19 pandemic
Puravankara's support for our workers and our Community during COVID19 pandemic With the outbreak of COVID19, our first step was to ensure our worker community of over 8500 labours is safe and have access to all the basic essentials. Stringent measures were taken to maintain hygiene and well-being o
Slide 34: Our initiatives
Our initiatives Employee Safety and Welfare Provision of safe and healthy work environment for all our workers. Stringent measures were taken to maintain hygiene and well-being of everyone at our labour camps. • Nutritious meals • Regular sanitation of premises • Daily Yoga sessions • Ration and pro
Slide 35: Appendix 4: Our Completed Projects
Appendix 4: Our Completed Projects 34
Slide 36: Our Completed Projects
PURAVANKARA Our Completed Projects
Slide 37: Appendix 5: Select Ongoing Projects
Appendix 5 : Select Ongoing Projects 36
Slide 38: Select Ongoing Projects
PURAVANKARA Select Ongoing Projects
Slide 39: 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 40: 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. Kuldeep Chawla, Chief Financial Officer Email: kuldip@puravankara.com ; Tel: +91-80-43