Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q1 FY20 Earnings Presentation
71 slides from Phoenix Mills's earnings presentation, Aug 7, 2019
Slide 1: Exchange filing cover letter
� r.t THE PHOENIX ,..,- MILLS LIMITED Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Fir., R.R Hosiery, Off. Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax: (022) 3001 6601 www.thephoenixmills.co1n August 7, 2019 BSE Limited National Stock Exchange of India Limited Phiroz
Slide 2: Investor Presentation Q1 FY20 Results
Investor Presentation Q1 FY20 Results Phoenix MarketCity Chennai
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Q1 FY20 Highlights
Q1 FY20 Highlights Overview and Strategy Financial Results Business Performance Annexure High Street Phoenix & Palladium
Slide 5: Q1 FY20 Operational Highlights
Q1 FY20 Operational Highlights Operational Retail consumption increased by 5% yoy to Rs. 17,815 mn in Q1 FY20 Retail rental Income is up 7% yoy in Q1 FY20 at Rs. 2,596 mn; Retail EBITDA came in Consumption strong at Rs. 2,556 mn, up 8% yoy for Q1 FY20 Rs. 17,815 mn 5% PMC Mumbai, PMC Pune, PMC
Slide 6: Q1 FY20 Financial Highlights
Q1 FY20 Financial Highlights Financial Q1 FY20 Revenue Rs. 6,150 mn 49% Q1 FY20 Consolidated Income from operations is up 49% YoY to Rs. 6,150 mn Q1 FY20 Consolidated Profit after tax & minority interest is up 118% YoY to Rs. 1,304 mn Our residential business contributed revenue recognition of
Slide 7: Overview and Strategy
Q1 FY20 Highlights Overview and Strategy Financial Results Business Performance Annexure High Street Phoenix & Palladium, Mumbai
Slide 8: Our Annuity Income-Generating Portfolio
Our Annuity Income-Generating Portfolio OPERATIONAL PORTFOLIO PORTFOLIO UNDER DEVELOPMENT MALL PORTFOLIO MALL PORTFOLIO (4.90 MSF) (5.93 MSF) HSP & Palladium Mumbai 0.74 Phoenix MarketCity Pune 1.1 Phoenix MarketCity Chennai 1.00 Wakad Palladium Chennai 0.22 Phoenix MarketCity Bengaluru 1.2 Hebbal P
Slide 9: Our Portfolio under Development & Planning
Our Portfolio under Development & Planning Balance PROJECT NAME Retail Office Development Total Potential See table on Retail Portfolio Under-development 4.90 - 4.90 previous page Fountainhead Towers 2-3, Pune - 0.55 - 0.55 Office Portfolio Commercial offices on top of Palladium Under- - 0.42 - 0.42
Slide 10: Portfolio Summary
Portfolio Summary Particulars Retail (msf) Office (msf) Hotel Total Current Operational Assets 5.90 1.32 588 keys 7.22 Under development Portfolio 4.90 0.96 - 5.86 Portfolio under Planning 0.85 3.00 - 3.85 Total 11.65 5.28 588 keys 16.93 Retail Office 2.0x 4.0x Asset-wise portfolio growth post compl
Slide 11: Our Residential Development Portfolio
Our Residential Development Portfolio Kessaku RESIDENTIAL PORTFOLIO One Bangalore West Area Total Area Balance Project launched (msf) area (msf) (msf) Launched in July 2019 One Bangalore 0.24 0.24 - West - Towers 7 Under Planning One Bangalore 0.48 - 0.48 West - Towers 8-9 Total area Project (msf) C
Slide 12: Presence Across Key Gateway Cities in India
Presence Across Key Gateway Cities in India 11
Slide 13: The PML Advantage
The PML Advantage Annuity-led • 81% of FY19 revenues from annuity-led businesses: Retail, Commercial and Hotel Business Model • 19% of FY19 revenues from Residential development Synergies from • Retail-led mixed use developments, in tune with modern consumer lifestyles (work-life-play) Mixed-use • S
Slide 14: Financial Results
Q1 FY20 Highlights Overview and Strategy Financial Results Business Performance Annexure High Street Phoenix & Palladium
Slide 15: Q1 FY20 Standalone P&L
Q1 FY20 Standalone P&L YoY % (Rs. mn) Q1 FY20 Q1 FY19 FY19 Change Income from operations 1,133 1,092 4% 4,403 Q1 FY20 EBITDA EBITDA 700 688 2% 2,686 2% Rs. 700 mn EBITDA Margin (%) 62% 63% 61% Profit Before Tax and exceptional 458 447 3% 2,093 item Q1 FY20 PAT 3% Rs. 356 mn Profit after tax & before
Slide 16: Q1 FY20 Consolidated P&L
Q1 FY20 Consolidated P&L YoY % (Rs. mn) Q1 FY20 Q1 FY19 FY19 Change Income from operations 6,150 4,132 49% 19,816 Retail 3,046 2,905 5% 11,551 Q1 FY20 EBITDA 50% Residential 2,071 281 637% 3,795 Rs. 2,927 mn Commercial 250 149 68% 881 Hospitality & Others 783 797 -2% 3,589 EBITDA 2,927 1,953 50% 9,9
Slide 17: Business-wise Consolidated P&L breakup
Business-wise Consolidated P&L breakup Q1 FY20 Core Portfolio PAT Rs. 808 Q1 Q1 Q1 FY20 mn Particulars FY20 FY19 % change FY19 Consolidated Core Portfolio PAT (Rs. mn) 808 576 40% 3,222 PAT Residential PAT (Rs. mn) 496 21 988 Rs. 1,304 mn Q1 FY20 Consol PAT (Rs. mn) 1,304 597 118% 4,210 Residential
Slide 18: Debt Profile as on 30th June 2019
Debt Profile as on 30th June 2019 Average cost of borrowing up marginally to 9.36% Status Asset Class Amount (Rs. mn) Retail 31,872 89% of Debt is long-term. Debt on the operational Hospitality 5,409 portfolio is primarily lease-rental discounting for Operational Commercial 2,761 retail and comm
Slide 19: Debt reduction across operating Assets
Debt reduction across operating Assets Debt on Operational portfolio (Rs. mn) 42,480 41,490 41,314 41,256 41,162 • Reduction in debt has been done across most operating assets in line with steady 40,121 annuity income • Construction Finance on under FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 developmen
Slide 20: Business Performance - Retail
Q1 FY20 Highlights Overview and Strategy Financial Results Business Performance - Retail Annexure Phoenix MarketCity Mumbai
Slide 21: Operational Update – Retail Portfolio
Operational Update – Retail Portfolio HSP & Phoenix MarketCity Phoenix United Palladium Palladium Mumbai Bangalore Chennai^ Mumbai Pune Bareilly Lucknow Chennai Retail Leasable/Licensable Area (msf ) 0.74 1.00 1.00 1.14 1.19 0.31 0.33 0.22 Total No. of Stores 270 296 263 311 352 139 128 86 Average R
Slide 22: Q1 FY20 – Retail Key Highlights
Q1 FY20 – Retail Key Highlights 4,228 3,364 3,331 Consumption (Rs. mn) Total Consumption – Rs. 17,815 mn, up 5% yoy 2,589 2,677 283 814 529 HSP & Palladium PMC Bengaluru PMC Pune PMC Mumbai PMC Chennai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly -1% 9% 9% 14% 36% 4% 16% 3,025 Tr
Slide 23: Q1 FY20 – Retail Key Highlights
22 Q1 FY20 – Retail Key Highlights 881 Rental Income (Rs. mn) Total Rental Income – Rs. 2,596 mn, up 7% yoy 359 432 394 323 73 77 57 HSP & Palladium PMC Bengaluru PMC Pune PMC Mumbai PMC Chennai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly 5% 6% 13% 10% 4% 20% 6% 12% 780 EBITDA (
Slide 24: Stable Performance at High Street Phoenix
PML owned Assets incl. High Street Phoenix & Palladium Stable Performance at High Street Phoenix Down 1% yoy Consumption (Rs. mn) 4,574 4,251 4,755 4,228 3,617 4,057 4,025 4,013 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Rental Income (Rs. mn) Up 5% yoy 803 839 839 886 868 881 7
Slide 25: PML owned Assets incl. High Street Phoenix & Palladium
PML owned Assets incl. High Street Phoenix & Palladium % yoy Q1 FY20 Q1 FY19 FY19 growth Rental Income (Rs. mn) ^ 881 839 5% 3,432 Recoveries (CAM and other) 252 253 973 (Rs. mn) Total Income (Rs. mn) 1,133 1,092 4% 4,406 Asset EBITDA (Rs. mn) 780 758 3% 3,171 EBIDTA Margin 89% 90% 92% (as % of Rent
Slide 26: PML owned Assets Income Split– Commercial & Retail
PML owned Assets Income Split– Commercial & Retail PML (Standalone entity) owns the following assets: • Retail – High Street Phoenix & Palladium: Leasable area of 0.74 msf • Phoenix House: Leasable area of 0.14 msf • Centrium: Leasable area of 0.12 msf • Art Guild House: Leasable area of 0.16 msf Pr
Slide 27: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore Steady improvement in Rental Income and EBITDA Up 9% yoy Consumption (Rs. mn) 3,299 3,100 3,183 3,514 3,364 3,030 2,859 3,048 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Rental Income (Rs. mn) Up 6% yoy 361 359 339 345 347 329 322 311 Q2 FY18 Q3 FY18
Slide 28: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore % yoy Q1FY20 Q1FY19 FY19 growth Rental Income (Rs. mn) 359 339 6% 1,392 Recoveries (CAM and other) 184 171 8% 678 (Rs. mn) Total Income (Rs. mn) 543 510 6% 2,070 EBITDA (Rs. mn) ^ 385 346 11% 1,418 EBIDTA Margin 107% 102% 102% (as % of Rental Income) Rental Rate (Rs./sft
Slide 29: Phoenix MarketCity Pune
Phoenix MarketCity Pune Strong rental Income growth contributed to superior EBITDA growth Up 9% yoy Consumption (Rs. mn) 2,969 3,045 3,405 3,331 2,616 2,937 2,820 2,495 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Rental Income (Rs. mn) Up 13% yoy 380 387 416 406 432 332 357 360 Q
Slide 30: Phoenix MarketCity Pune
Phoenix MarketCity Pune % yoy Q1 FY20 Q1 FY19 FY19 growth Rental Income (Rs. mn) 432 382 13% 1,589 Recoveries (CAM and other) 206 232 793 (Rs. mn) Total Income (Rs. mn) 638 613 4% 2,382 EBITDA (Rs. mn) 440 381 16% 1,566 EBIDTA Margin 102% 100% 99% (as % of Rental Income) Rental Rate (Rs./sft pm) 125
Slide 31: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai PMC Mumbai continues strong performance, establishing itself as a premium destination mall Up 14% yoy Consumption (Rs. mn) 2,654 2,356 2,589 2,320 2,266 2,283 1,801 1,970 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Rental Income (Rs. mn) Up 10% yoy 284 2
Slide 32: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai % yoy Q1FY20 Q1FY19 FY19 growth Rental Income (Rs. mn) 323 295 10% 1,216 Recoveries (CAM and other) (Rs. 181 183 751 mn) Total Income (Rs. mn) 504 478 6% 1,967 EBITDA (Rs. mn) 323 284 14% 1,188 EBIDTA Margin (as % of Rental 100% 96% 98% Income) Rental Rate (Rs./sft pm) 101
Slide 33: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai Category changes in the retail product mix have had a positive impact on rental income Down 6% yoy Consumption (Rs. mn) 2,706 2,747 2,857 2,867 2,898 2,667 2,478 2,446 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Rental Income (Rs. mn) Up 4% yoy 343 351
Slide 34: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai % yoy Q1 FY20 Q1 FY19 FY19 growth Rental Income (Rs. mn) 394 380 4% 1,529 Recoveries (CAM and other) (Rs. 206 201 3% 878 mn) Total Income (Rs. mn) 600 581 3% 2,407 EBITDA (Rs. mn) 437 420 4% 1,642 EBIDTA Margin (as % of Rental 111% 110% 107% Income) Rental Rate (Rs./sft pm
Slide 35: Palladium Chennai
Palladium Chennai Q1FY20 FY19 Rental Income (Rs. mn) 73 248 Recoveries (CAM and other) 29 163 (Rs. mn) Total Income (Rs. mn) 102 411 EBITDA (Rs. mn) 59 158 EBIDTA Margin (as % of Total 81% 64% Income) Rental Rate (Rs./sft pm) 130 126 Consumption (Rs. mn) 283 1,039 Trading Density (Rs./sft pm) 769 77
Slide 36: Under-construction asset update
Under-construction asset update We have closed 5 acquisitions – land parcels in Pune, Bangalore and Ahmedabad, under-construction retail assets in Lucknow and Indore – between Aug 2017 & July 2018 These acquisitions take our under-development retail leasable portfolio to c.4.9 million sft We h
Slide 37: Phoenix MarketCity Hebbal, Bengaluru - Site Pictures
Phoenix MarketCity Hebbal, Bengaluru - Site Pictures Excavation is 70% complete, foundation work is on in parallel 36
Slide 38: Phoenix MarketCity Wakad, Pune - Site Pictures
Phoenix MarketCity Wakad, Pune - Site Pictures Excavation is 95% complete, foundation work is on in parallel 37
Slide 39: Phoenix MarketCity Indore - Site Pictures
Phoenix MarketCity Indore - Site Pictures Construction in Progress 38
Slide 40: Phoenix MarketCity Lucknow - Site Pictures
Phoenix MarketCity Lucknow - Site Pictures Construction of the mall is complete; façade, interiors & fit-outs in progress 39
Slide 41: Phoenix MarketCity Lucknow - Site Pictures
Phoenix MarketCity Lucknow - Site Pictures Mall targeted to operationalize in H2FY20 40
Slide 42: Palladium, Ahmedabad - Site Pictures
Palladium, Ahmedabad - Site Pictures Excavation in complete, foundation work is currently on 41
Slide 43: Commercial asset update
Commercial asset update Fountainhead Remarks Pune Leasable area: 0.17 msf - 0.16 msf (94%) area has been leased. Tower 1 0.08 msf is currently operational as of June 2019 Leasable area: 0.22 msf. Construction completed upto 10th floor Tower 2 of this 16 floor tower Leasable area: 0.35 msf. Construct
Slide 44: Active Mall Management
Active Mall Management 1. Initial Selection: Select tenants based on brand appeal and suitability for the mall 4. Execution : Successful mall 2. Evaluation: Work jointly to enhance management is a Evaluate performance of revenue through function of regular brands on ongoing basis, relocating and res
Slide 45: Revenue Cycle of a Mall
Revenue Cycle of a Mall PMC malls are currently in 200 second leg of this growth Majority of retail lease agreements at PML pay higher of minimum guarantee (MG) rents and revenue share (% of consumption) Lease renewal at 180 significantly higher rates Rent PSF (Rebased to 100) 160 Generally MG escal
Slide 46: Lease Renewal Schedule
Renewal Schedule (% of total leasable area) 49% of leasable area for renewal over next 3 years 63% of leasable area for renewal over next 3 years HSP & Palladium PMC Mumbai 21% 34% 16% 12% 24% 5% FY20 FY21 FY22 FY20 FY21 FY22 69% of leasable area for renewal over next 3 years 50% of leasable area fo
Slide 47: Long Term Sustainable Growth Delivered Through The Cycle
Long Term Sustainable Growth Delivered Through The Cycle MarketCity malls to follow similar growth trajectory at HSP & Palladium In 2010, trading density and consumption at High Bubble size represents consumption Street Phoenix was at Rs 1,055 psf pm and Rs 4,371 4,000 mn, respectively today, ha
Slide 48: Business Performance - Commercial
Q1 FY20 Highlights Overview and Strategy Financial Results Business Performance - Commercial Annexure
Slide 49: Our Annuity Income Generating Commercial Portfolio
Our Annuity Income Generating Commercial Portfolio OPERATIONAL OFFICE PORTFOLIO (1.80 MSF) OFFICE PORTFOLIO UNDER DEVELOPMENT (0.96 MSF) Project Total Area Area Sold Net Leasable Area Leased OFFICE PORTFOLIO ( 0.96 MSF) Name (msf) (msf) Area (msf) (msf) Phoenix House 0.14 - 0.14 0.13 Fountainhead –
Slide 50: Operational Update – Art Guild House
Operational Update – Art Guild House Net Area Average Total Area Area Sold Leasable Leased Rate (msf) (msf) Area (msf) (msf) (Rs./sq.ft) Art Guild @ @ 0.80 0.20 0.60 0.54 97 House Q1 FY20 Q1 FY19 FY19 FY18 Total Income 148 140 582 396 (Rs. mn) EBITDA 78 87 335 157 (Rs. mn) % of Total Income 53% 62%
Slide 51: Operational Update – Phoenix Paragon Plaza
Operational Update – Phoenix Paragon Plaza Net Area Average Total Area Area Sold Leasable Leased Rate (msf) (msf) Area (msf) (msf) (Rs./sq.ft) Phoenix 0.41 0.12 0.29 0.16 95 Paragon Plaza Q1 FY20 Q1 FY19 FY19 FY18 Total Income 72 57 358 219 (Rs. mn) EBITDA (Rs. mn) 44 37 213 91 % of Total Income 61%
Slide 52: Operational Update – Fountainhead Towers 1, 2 & 3
Operational Update – Fountainhead Towers 1,2 & 3 Net Area Average Total Area Area Sold Leasable Leased Rate (msf) (msf) Area (msf) (msf) (Rs./sq.ft) Fountainhead – 0.17 0.00 0.17 0.16 79 Tower 1 Fountainhead – Tower 2 Part of Commercial Portfolio under Development 0.54 – Construction to commence for
Slide 53: Renewal Schedule (% of total leasable area)
Renewal Schedule (% of total leasable area) 78% of leasable area for renewal over next 4 years 42% 35% Art Guild House 0% 1% FY20 FY21 FY22 FY23 39% of leasable area for renewal over next 4 years Paragon Plaza Phoenix 12% 9% 4% 7% FY20 FY21 FY22 FY23 52
Slide 54: Business Performance - Hotels
Q1 FY20 Highlights Overview and Strategy Financial Results Business Performance - Hotels Annexure XXO, The St. Regis, Mumbai
Slide 55: Operational Update – Hospitality
Operational Update – Hospitality The St. Regis, Courtyard by Mumbai Marriott, Agra Keys 395 193 Restaurants & Bar 10 4 Occupancy (%)# 82% 64% Average room rent 10,913 3,353 (Rs. / room night) # The St. Regis, Mumbai Courtyard by Marriott, Agra 82% room occupancy in Q1 FY20 vs 74% in Q1 FY19 Tota
Slide 56: The St. Regis, Mumbai
The St. Regis, Mumbai % yoy Q1 FY20 Q1 FY19 FY19 growth Revenue from Rooms 318 294 8% 1,352 (Rs. mn) Revenue from F&B and Banqueting 316 295 7% 1,424 (Rs. mn) Other Operating Income 64 72 267 (Rs. mn) Total Income 698 662 5% 3,042 (Rs. mn) Operating EBITDA 253 242 5% 1,234 (Rs. mn) EBITDA margins 36
Slide 57: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra % yoy Q1 FY20 Q1 FY19 FY19 growth Revenue from Rooms (Rs. mn) 37 26 42% 188 Revenue from F&B and 35 28 25% 163 Banqueting (Rs. mn) Other Operating Income 4 3 33% 19 (Rs.mn) Total Income (Rs. mn) 76 56 36% 370 Occupancy (%) 64% 47% 17 pps 67% ARR (Rs.) 3,353 3,181 5% 3,908
Slide 58: Business Performance - Residential
Q1 FY20 Highlights Overview and Strategy Financial Results Business Performance - Residential Annexure Kessaku, Bengaluru
Slide 59: Residential Portfolio: High Margin, Cash Flow Business
Residential Portfolio: High Margin, Cash Flow Business • Premium and upscale, large-scale residential developments One Bangalore West and Kessaku • Product design, quality and location in or around mixed-use destinations have established the project as a market leader • Expect substantial free cash
Slide 60: Operational Update – Residential Portfolio
Operational Update – Residential Portfolio Revenue recognized Saleable area (msf) Cumulative Collections in Project Name Sales Value (Rs. mn) Area Sold Q1 FY20 (operational) Total Balance (Rs. mn) Area launched (msf) (Rs. mn) in Q1 FY20 Cumulative Area Area One Bangalore West, 2.20 1.49 0.71## 1.30
Slide 61: One Bangalore West, Bangalore
One Bangalore West, Bangalore 60
Slide 62: Tower 7 Launched at One Bangalore West
Tower 7 Launched at One Bangalore West • Launched Tower 7 in July 2019 • Received positive response from customers for this launch • Construction of Tower 7 is completed upto 5th floor 61
Slide 63: Annexure
Q1 FY20 Highlights Overview and Strategy Financial Results Business Performance Annexure Palladium, Chennai
Slide 64: Shareholding Pattern as on 30th June 2019
Shareholding Pattern as on 30th June 2019 Shareholding Pattern Sr. No Top Institutional Investors % Shareholding 3.22% 1.23% 5.88% 1 Nordea Bank 5.36% 2 Schroder 3.37% Promoters 3 TT Funds 2.60% FII 4 Fidelity 2.54% 26.92% DII 5 DSP Mutual Fund 1.95% Public 6 Reliance Mutual Fund 1.65% Corporate bod
Slide 65: High Street Phoenix & Palladium Mall
High Street Phoenix & Palladium Mall FY14-19 Rental Income (Rs.mn) CAGR – 11% 3,432 2,837 3,022 2,601 2,293 2,039 FY14 FY15 FY16 FY17 FY18 FY19 FY14-19 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 5% 16,264 16,456 17,044 2,894 3,034 2,943 15,438 2,553 2,741 14,403 13,185 2,263 FY1
Slide 66: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai FY14-19 CAGR – 12% Rental Income (Rs.mn) 1,529 1,394 1,286 1,196 1,109 858 FY14 FY15 FY16 FY17 FY18 FY19 FY14-19 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 10% 11,289 10,481 10,699 10,742 11,071 1,480 1,572 1,553 1,489 1,505 6,938 1,226 FY14 FY15 FY16
Slide 67: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore FY14-19 Rental Income (Rs.mn) CAGR – 13% 1,392 1,275 1,090 958 876 768 FY14 FY15 FY16 FY17 FY18 FY18 FY14-19 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 14% 1,694 1,680 12,361 12,843 1,444 10,200 1,287 8,859 1,131 7,753 975 6,573 FY14 FY15 FY16 FY17 F
Slide 68: Phoenix MarketCity Pune
Phoenix MarketCity Pune FY14-19 Rental Income (Rs.mn) CAGR – 15% 1,589 1,386 1,202 1,035 941 789 FY14 FY15 FY16 FY17 FY18 FY19 FY14-19 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 14% 12,207 1,334 1,208 1,224 10,828 1,077 9,629 975 8,659 812 7,650 6,221 FY14 FY15 FY16 FY17 FY18 FY
Slide 69: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai FY14-19 Rental Income (Rs.mn) CAGR – 5% 1,216 1,102 934 991 954 926 FY14 FY15 FY16 FY17 FY18 FY19 FY14-19 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 16% 1,161 9,559 1,044 942 8,143 797 6,957 705 5,480 5,957 586 4,460 FY14 FY15 FY16 FY17 FY18 FY19 FY14 F
Slide 70: Q1 FY20 Debt Across Subsidiaries
Q1 FY20 Debt Across Subsidiaries Q4FY19 Debt Q1FY20 Debt Asset Type SPV Asset Name PML Ownership (Rs.mn) (Rs.mn) PML Standalone High Street Phoenix, Mumbai 100% 7,970 8,245 Classic Mall Phoenix MarketCity, Chennai 50% 6,926 6,794 Development The Crest C (Residential) Phoenix MarketCity, Pune Vamona
Slide 71: Investor contacts
Varun Parwal Advait Phatarfod Contact: +91 22 3001 6737 Contact: +91 22 3001 6804 Email: varun.p@phoenixmarketcity.in Email: advait.p@phoenixmarketcity.in Saket Somani /Rohan Rege Contact: +91 22 6169 5988 Email: pml@churchgatepartners.com Website: http://www.thephoenixmills.com/investordesk.html 70