Slide 1: Investor Presentation: Results for the Nine Months Ended 31st December 2018
1 INVESTOR PRESENTATION RESULTS FOR THE NINE MONTHS ENDED 31st DECEMBER 2018 Picture shot at location Prestige Group | Presentation | December 2018
Slide 2: Index
Picture shot at location 2 INDEX Key Business About Annexures 1 2 3 4 Highlights Segments Prestige Group Residential Scale Ongoing Projects Operational Highlights Office Business Model Upcoming Projects Financial Highlights Retail/Malls Hospitality Credentials Exit rental breakup Property Management
Slide 3: Q3FY19 Operational Highlights
Total Presales at ₹ 11,765 mn (PY ₹ 6717 mn) Up by 75% yoy Prestige Share ₹ 9,368 mn 3 Q3FY19 Picture shot at location Operational 58% Total Sales volume at 1.55 mn sft (PY 0.98 mn sft) Prestige Share 1.21 mn sft Highlights Up by yoy 6.97 mn sft delivered across segments Up by 551% yoy (PY 1.07 mn s
Slide 4: 9MFY19 Operational Highlights
9MFY19 Total Presales at ₹ 31,845 mn (PY ₹ 20704 mn) Up by 54% yoy Prestige Share ₹ 24,980 mn 4 Operational Highlights Total Sales volume at 4.66 mn sft (PY 3.05 mn sft) Up by 53% yoy Prestige Share 3.65 mn sft 24 mn sft delivered across segments up by 230% yoy (PY 7.31 mn sft) Annuity income at ₹ 5
Slide 5: Q3FY19 Financial Highlights
Revenue 5 ₹ 11031 mn Q3FY19 Financial Picture shot at location EBITDA Highlights ₹ 3692 mn EBITDA% 33% PAT ₹ 674 mn PAT% Unrecognized 6% revenue ₹ 131,173 mn Prestige Group | Presentation | December 2018
Slide 6: 9MFY19 Financial Highlights
Revenue 6 ₹ 33586 mn 9MFY19 Financial Picture shot at location EBITDA Highlights ₹ 10631 mn EBITDA% 32% PAT ₹ 3000 mn PAT% Unrecognized 9% revenue ₹ 131,173 mn Prestige Group | Presentation | December 2018
Slide 7: Guidance vs Achieved
7 Guidance vs Achieved Value in ₹ mn Volume in mn sft Pre Sales Completions Leasing ₹ 31845 24.10 1.35 Guidance Guidance Guidance 35,000 – 40,000 10 to 12 2 mn sft 91% 84% 241% 108% 68% 32% Collections Exit Rentals Launch 31643 8628 3.16 Guidance Guidance Guidance 37,500 – 40,000 8,000- 8,250 10 mn
Slide 8: Guidance vs Achieved
8 Guidance vs Achieved Value in ₹ mn Volume in mn sft Turnover 33586 Guidance 35,00 – 40,000 96% 1.79 Debt/Equity (Consol) Guidance 1.3x Prestige Group | Presentation | December 2018
Slide 9: Projects Delivered During Q3FY19
Picture shot at location During Q3F19 9 7 Projects ~7mn sft Delivered. 1 Prestige Kingfisher Towers 1.15 2 Prestige Royale Gardens, Phase-I 2.77 3 Prestige Spencer Heights 0.11 4 Prestige Ivy League 0.97 5 Prestige Central Street 0.19 6 Cessna Business Park Block 11 0.70 7 Forum Shantiniketan Mall 1
Slide 10: Completions in 9MFY19
Picture shot at location 24mn sft 10 Completion 17 Projects completed , ~10, 000 Homes delivered 9MF19 Q3 Total as mentioned in previous slide 6.97 1 Prestige Augusta Golf Village 1.36 2 Prestige Westwoods 1.34 3 TMS Square - Cochin 0.29 4 Prestige Lakeside Habitat 8.90 5 Prestige Saleh Ahmed 0.09 6
Slide 11: Presales Growth Trend yoy
11 Values are in Mn ₹ Presales Growth Trend yoy 75% 54% Q3F19 9MF19 Growth Growth 11,765 31,845 20,704 18,231 6,717 4,293 0.68 0.98 1.55 2.91 3.05 4.66 SALES SALES Q3F17 Q3F18 Q3F19 9MF17 9MF18 9MF19 Prestige Group | Presentation | December 2018
Slide 12: Q3FY19 Launches
12 1.56 mn sft | Q3F19 Launches Prestige Willow Tree Prestige Minsk Prestige Phoenix Square 0.91 Bengaluru Mn Sft 0.58 Bengaluru Mn Sft 0.07 Mn Sft Hyderabad Residential Commercial Commercial
Slide 13: Q3/9M Completion Growth Trend
13 Q3/9M Completion growth Trend 551% 230% Q3F19 9MF19 Growth Growth 6.97 Area in Mn Sft 24.10 11.08 7.31 1.07 0.81 COMPLETIONS COMPLETIONS Q3F17 Q3F18 Q3F19 9MF17 9MF18 9MF19 Prestige Group | Presentation | December 2018
Slide 14: Q3/9M Annuity Income Growth Trend
14 Q3/9M Annuity Income Growth Trend 14% 20% Q3F19 9MF19 Growth Growth Values are in Mn ₹ 1,874 5,529 1,641 4,625 1,354 4,045 RENTAL INCOME RENTAL INCOME Q3F17 Q3F18 Q3F19 9MF17 9MF18 9MF19 Prestige Group | Presentation | December 2018
Slide 15: Debt Profile
15 11% Debt Profile DER at 1.79x As of Q3F19, Net Debt 43% 32% stood at ₹ 75,651 mn (Gross debt at ₹ 85,237 Notes, During Q1FY19 IND AS 115 has become mn) and Networth at ₹ applicable for the group, this has resulted in recognition of revenues from real estate activities on 42,348 mn. completion bas
Slide 16: Exit Rental Income and Hospitality
₹ 5815mn ₹ 2813mn ₹ 8628mn* Yielding Yielding 16 Exit Rental Income Office Portfolio Retail Portfolio Office + Malls Hospitality Details Annexed Revenue ₹ 3261 mn GOP ₹ 1304 Mn *Excludes Operating Hospitality income of Rs 3261 mn , GOP of 40% Pictures shot at location Prestige Group | Presentation |
Slide 17: Index
Picture shot at location 17 INDEX Key Business About Annexures 1 2 3 4 Highlights Segments Prestige Group Residential Scale Ongoing Projects Operational Highlights Office Business Model Upcoming Projects Financial Highlights Retail/Malls Hospitality Credentials Exit rental breakup Property Managemen
Slide 18: Business Segment CF Summary
₹ 7969mn Retail Rentals 18 Yielding: Rs 4343 Mn Business Potential: Rs 3625 Mn Segment ₹ 12100 mn CF Summary* ₹ 18,344mn Revenue, Office Rentals Property Yielding: Rs 7082 Mn Management Potential: Rs 11262 Mn Yielding: Rs 5826 Mn Potential: Rs 6274 Mn ₹ 112,754 mn ₹ 3830mn FCF from Hospitality 33 mn
Slide 19: FCF from Under Construction Projects
19 FCF from Under construction Projects Particulars Area in Mn Sft ₹ Mn % Total Developable Area 70.96 Car Park Area 18.49 Total Saleable Area 52.47 PG area share 40.04 Estimated Value 2,64,006 Sold 30.33 1,90,548 76 Collections 1,54,187 Balance to collect 36,361 Stock 9.71 73,459 24 Refundable Depo
Slide 20: FCF from Under Planning Projects
20 FCF from Under Planning Projects* Particulars Area in Mn Sft ₹ Mn Total Developable Area 40.41 Car Park Area 10.57 Total Saleable Area 29.84 PG area share 23.17 Estimated Value -A 1,37,181 Cost of Development 1,00,746 Incurred as of Q3F19 8,500 Balance to spend -B 92,246 RD Paid -C 2,890 Net Cash
Slide 21: 23 mnsf Office Portfolio
23 mnsf 21 Office Portfolio* ₹ 18344 mn Annuity Rentals Snapshot UNDER Value in ₹ Mn, Arean in mn sft OPERATING CONSTRUCTION UPCOMING TOTAL GLA 10.25 3.57 9.39 23.21 Economic Interest 8.92 2.48 7.34 18.73 Rentals p.a. ₹ 7,082 3,652 7,609 18,344 Economic Interest ₹ 5,788 2,315 5,872 13,975 Picture sh
Slide 22: 16 Malls 7.3 mnsf Retail Portfolio
16 malls 22 7.3 mnsf Retail Portfolio* ₹ 7969 mn Annuity Rentals Snapshot UNDER Value in ₹ Million OPERATING CONSTRUCTION UPCOMING TOTAL GLA 4.31 1.69 1.30 7.29 Economic Interest 2.98 0.70 0.68 4.36 Rentals p.a. ₹ 4,343 2,419 1,207 7,969 Economic Interest ₹ 2,771 989 610 4,371 Picture shot at locati
Slide 23: 1599 Keys Hospitality Portfolio
1599 Keys 23 Hospitality Portfolio* ₹ 3830 mn Revenue Snapshot UNDER Value in ₹ Million OPERATING CONSTRUCTION TOTAL Total Keys 1262 297 1,559 Economic Interest 1123 297 1,420 Total Revenue p.a. ₹ 3261 569 3,830 Economic Interest ₹ 2910 569 3,479 Picture shot at location Prestige Group | Presentatio
Slide 24: Revenue from Property Management Portfolio
₹ 12100 mn 24 Revenue from Property Management Portfolio* 102 mn sft Potential Area Snapshot Value in mn sf Revenue EBITDA Operating 5,826 1,052 Under Construction 2,663 479 Under Planning 3,611 650 Total 12100 2181 Picture shot at location Prestige Group | Presentation | December 2018 *Estimates
Slide 25: Index
Picture shot at location 25 INDEX Key Business About Annexures 1 2 3 4 Highlights Segments Prestige Group Residential Scale Ongoing Projects Operational Highlights Office Business Model Upcoming Projects Financial Highlights Retail/Malls Hospitality Credentials Exit rental breakup Property Managemen
Slide 26: 32 Years of Trust
26 32Years of Trust Picture shot at location Prestige Group | Presentation | December 2018
Slide 27: 112 mn sft Delivered
112 mn sft 27 Delivered 231 Projects Delivered Pictures shot at location Prestige Group | Presentation | December 2018
Slide 28: Projects Across Segments
28 2 3 1 p r o j e c t s a c r o s s s e g m e n t s 64 Mn sft 31 Mn sft 7 Mn sft 3 Mn sft 7 Mn sft Prestige Group | Presentation | December 2018
Slide 29: Scale of Operation
Scale of 29 Operation Residential Commercial Retail Hospitality Plotted Development Total Particulars Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects 99 63.78 106 31.47 10 7.12 8 2.55 8 7.42 231 112.34 Ongoing Projects 34 35.85 9 6.68 3 2.42 1 1.11 - - 47 46.05 Upcomin
Slide 30: Diversified Business Model
COMMERCIAL HOSPITALITY 30 − Office Space CONRAD − Built-to-Suit Campuses SHERATON − SEZs OAKWOOD − IT Parks J W MARIOTT ALOFT RESIDENTIAL RETAIL PROPERTY -10 malls, 1200 STORES -60 MN FOOT FALLS MANAGEMENT -₹ 30 Bn TRADING -140 MN SOCIAL MEDIA Diversified Business Model Pictures shot at location Pre
Slide 31: Development Pipeline
Development 31 Pipeline 46 56 33 MN SF MN SF MN SF UNDER UNDER LAND BANK CONSTRUCTION PLANNING Prestige Group | Presentation | December 2018
Slide 32: Shareholding and Research Coverage
32 Shareholding Promoters 70% FIIs 27% DIIs 2% Retail 1% RESEARCH COVERAGE 1 Axis Capital Limited 8 ICICI Securities 2 Bank of America Merrill Lynch 9 JM Financial 3 Citigroup 10 J.P. Morgan 4 CLSA 11 Kotak Securities 5 Elara Capital 12 Macquarie 6 Goldman Sachs 13 Morgan Stanley 7 HDFC securities 1
Slide 33: 300+ Awards & Recognitions
33 300+ Awards & Recognitions 250+ TOP INDIAN CERTIFICATE OF MOST ADMIRED BEST AWARDS REAL ESTATE EXCELLENCE SHOPPING RESIDENTIAL COMPANY CENTER PROJECTS BEST RETAIL MOST BUILDER OF THE DEVELOPER OF ADMIRED PROJECTS PROMISING YEAR THE YEAR BRAND OF ASIA BRAND …AND MANY MORE Prestige Group | Presenta
Slide 34: Board
34 Board Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Wholetime Director Director Dr. Pangal Ranganath Nayak Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Independent Independent Independent Independent Director Director Director Director
Slide 35: Executive Management
35 Executive Management Faiz Rezwan Zaid Sadiq Anjum Jung Zayd Noaman Executive Director- Executive Director- Executive Director- Interior Executive Director- CMD’s Office Contracts & Projects Liasion & Hospitality Design Omer Bin Jung Nayeem Noor Zackria Hashim Venkat K Narayan Executive Director-
Slide 36: Executive Management
Executive Management 36 Suresh Singaravelu Swaroop Anish Arvind Pai Executive Director- Retail, Executive Director- Business Executive Director- Legal Hospitality Development V. Gopal V.V.B.S. Sarma Lt. Col. Milan Khurana (Retd.) Executive Director- Chief Financial Officer Executive Director – HR, I
Slide 37: Index
Picture shot at location 37 INDEX Key Business About Annexures 1 2 3 4 Highlights Segments Prestige Group Residential Scale Ongoing Projects Operational Highlights Office Business Model Upcoming Projects Financial Highlights Retail/Malls Hospitality Credentials Exit rental breakup Property Managemen
Slide 38: Projects Under Construction
Projects 38 Under Construction 5% 2% 2% 1% 9% 15% 9% Ahmedabad Residential Bengaluru 3% Commercial Chennai Retail Hyderabad Hospitality Kochi Mangaluru 78% 76% Developable Area State/City No. of Projects Developable Area (Mnsf) Segment No. of Projects (Mnsf) Ahmedabad 1 0.43 Residential 34 35.85 Ben
Slide 39: Projects Under Planning
Projects 39 Under Planning 1% 1% 3% 2% Bengaluru 3%2% Chennai 10% Goa 32% Residential Hyderabad Commercial Kochi Retail Mangaluru 65% Mumbai Ooty 81% Pune Developable Area State/City No. of Projects Developable Area (Mnsf) Segment No. of Projects (Mnsf) Bengaluru 24 44.78 Residential 21 35.93 Chenna
Slide 40: 325 Acres Land Bank
40 325 Acres Land Bank LandArea PG Share S.No Entity Name Location (Acres) PG Share (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bengaluru 143 100% 143 2 Prestige Estates Projects Ltd Bengaluru 2 100% 2 3 Village De Nandi Pvt Ltd Bengaluru 25 100% 25 4 Eden Investments Goa 74 78% 58 5 Prestige Nirvana
Slide 41: Exit Rental Breakup
Exit 41 Rental Breakup S.No. Project Name Segment Leasable Area Interest (%) Interest (MnSf) Prestige Share Rent P.A. 1 Prestige Estates Projects Limited Commercial 2.03 100.00 2.03 2.03 976 2 West Palm Developers Pvt Ltd Commercial 0.32 61.00 0.20 0.20 90 3 Prestige Valley View Estates LLP Commerci
Slide 42: Exit Rental Breakup
Exit 42 Rental Breakup S.No. Project Name Segment Leasable Area Interest (%) Interest (MnSf) Prestige Share Rent P.A. 1 Cessna Business Park B09 Commercial 0.11 85 0.09 0.09 82 2 Cessna Business Park B11 Commercial 0.46 85 0.39 0.39 355 3 TMS Square Commercial 0.04 58 0.02 0.02 16 4 Prestige Central
Slide 43: Disclaimer
43 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’s future business prospects and business profitability, which
Slide 44: Thank You
44 Thank You CONTACT For any queries Please contact, E: investors@prestigeconstructions.com Registered Office- Prestige Estates Projects Limited, The Falcon House, No. 1, Main Guard Cross Road, Bangalore –560 001, T: +91 -80 –25001 248, F: + 91 –80 -25591945, Website: www.prestigeconstructions.com