Slide 1: Investor Presentation Q2 FY24
Investor Presentation Q2 FY24 Prestige Estates Projects Ltd www.prestigeconstructions.com
Slide 2: Agenda
Agenda Key Segment Mumbai Management Highlights Analysis Presence Mulberry Shades Bengaluru Nandi Hills, A Tribute Portfolio Resort Shot at Location • About us • Residential • Residential • Board of Directors • Scale of Operations • Commercial • Commercial • Leadership Team • Key Highlights • Retail
Slide 3: About us
About us Prestige Park Grove Artist’s Impression • 37 Years of Legacy RESIDENTIAL | COMMERCIAL • 13 Cities RETAIL | HOSPITALITY • DA1+ CRISIL Grading PROPERTY MANAGEMENT • ICRA A+ Stable Rating 03 www.prestigeconstructions.com
Slide 4: Scale of Operations
Scale of Operations www.prestigeconstructions.com 04
Slide 5: Our Strengths
Our Strengths Brand - Trust & Credibility Strong Execution Capabilities & Track Record Diversified Portfolio Fiscal Discipline Prestige UB City, Bengaluru Shot at Location 05 www.prestigeconstructions.com
Slide 6: Key Highlights
Key Highlights Q2 | H1 FY24 Highest ever H1 Sales 1 ₹11,007 Cr (69% YOY) Launch of ‘Prestige Park 5 Grove’ Contributed ~₹4600+ Cr of Sales in Q2 Highest ever Quarterly Sales 2 ₹7,092 Cr (102% YOY); 3659 Units Sold @40 Units / Completed 8.11 Mn sft of area Day 6 in H1 over 7 projects in 3 cities Q2 A
Slide 7: Operational Performance Q2 FY24
Operational Performance Q2 FY 24 SALES COLLECTIONS AREA SOLD UNITS SOLD AVG REALIZATION 70,926 ₹Mn 26,237 ₹Mn 6.84 Mn sft 3,659 10,369 ₹PSF +102% YOY +1% YOY +50% YOY PG Share: 62,691 ₹Mn PG Share: 23,923 ₹Mn PG Share: 6.01 Mn sft 40 Units / Day +29% YOY +94% YOY +2% YOY +44% YOY www.prestigeconstru
Slide 8: Operational Performance H1 FY24
Operational Performance H1 FY 24 SALES COLLECTIONS AREA SOLD UNITS SOLD AVG REALIZATION 110,073 ₹Mn 53,645 ₹Mn 10.67 Mn sft 5,935 10,338 ₹PSF +69% YOY +13% YOY +31% YOY PG Share: 98,270 ₹Mn PG Share: 48,766 ₹Mn PG Share: 9.42 Mn sft 33 Units / Day 25% YOY +64% YOY +14% YOY +25% YOY Launches: 16.21 M
Slide 9: Sales Analysis – Q2 FY24
Sales Analysis – Q2 FY24 Top 5 Sales Contributors - Q2 FY 24 Top 5 Sales Contributors ₹ Mn 46,453 Sales 8,484 3,852 2,614 2,380 Q2 FY24 Prestige Park Grove Prestige Serenity The Prestige City Prestige Clairemont Prestige Lavender Shores Mulund Fields ₹ 10,369 10,244 9,761 9,371 Avg Realization psf (
Slide 10: Launches
Launches H1 FY24: 16.21 Mn sft • Residential: 16.21 Mn sft • Capex Projects: Nil Q2 Prestige Park Grove Artist’s Impression Developable S.No Projects Launched Location Segment Area (Mnsf) Q1 Developable 1 Prestige Park Grove - Apartments Bengaluru Residential 9.28 S.No Projects Launched Location Seg
Slide 11: Completions
Completions Q2 Developable S.No Projects Completed Location Segment Area (Mnsf) 1 Forum Thomsun Kochi Retail 1.02 2 The Artiste Kochi Hospitality 0.08 H1 FY24: 8.11 Mn sft 3 Prestige Orchards Hyderabad Residential 1.11 • Residential: 6.88 Mn sft • Capex Projects : 1.23 Mn sft Total 2.21 Q1 1 Prestig
Slide 12: Financial Performance Q2 FY24
Financial Performance Q2 FY 24 REVENUE EBITDA PAT % 32,560 ₹ Mn 49.51% 16,121 ₹ Mn 9,099 ₹ Mn EBITDA +121% YOY +288% YOY +510% YOY 27.95% PAT Above Items include gain of ₹8,512 mn recognised on acquisition of Prestige (BKC) Realtors Pvt Ltd & Turf Estate Joint Venture LLP 12
Slide 13: Financial Performance H1 FY24
Financial Performance H1 FY 24 REVENUE EBITDA PAT % 52,223 ₹ Mn 24,242 ₹ Mn 12,277 ₹ Mn 46.42% EBITDA +50% YOY +155% YOY +207% YOY 23.51% PAT Above Items include gain of ₹8,512 mn recognised on acquisition of Prestige (BKC) Realtors Pvt Ltd & Turf Estate Joint Venture LLP 13
Slide 14: Segment Wise Results & Capital Employed
Segment Wise Results & Capital Employed (in ₹ Mn) Others H1 FY 2023-24 Office Retail Hospitality Services Residential Total (Note 1) Revenue 1,499 1,121 3,407 4,451 26,385 2,310 39,173 EBITDA (excluding other income) 1,197 637 1,136 599 5,313 2,310 11,192 EBITDA % 80% 57% 33% 13% 20% 100% 29% Deprec
Slide 15: Segment Wise Results & Capital Employed
Segment Wise Results & Capital Employed (in ₹ Mn) H1 FY 2023-24 Office Retail Hospitality Services Residential Others Total Capital Employed Equity A 51,194 13,946 22,688 887 21,611 - 110,326 Debt (including ongoing capex) B 21,131 8,818 9,169 2 50,203 - 89,323 Debt taken for ongoing capex project C
Slide 16: Debt Profile Q2 FY24
Debt Profile Q2 FY24 As on September 30, 2023 Project Debt - Residential & Commercial for sales Office Space 0.61 Hospitality DEBT EQUITY RATIO Lease Rental Discounting ₹69,610 mn 12% NET DEBT 10% 10.36% AVERAGE BORROWING 58% COST 20% # Particulars Q2 FY24 Q1 FY24 Q2 FY23 1 Debt Equity 0.61 0.61 0.4
Slide 17: Business Segments
Business Segments Property Residential Commercial Retail Hospitality Management . The Prestige City Mulund, Mumbai Shot at Location
Slide 18: Residential
Residential Apartments Villas Plotted Developments Integrated Townships Prestige Ocean Pearl, Kozhikode Artist’s Impression Prestige City 18 www.prestigeconstructions.com
Slide 19: Residential Portfolio
RESIDENTIAL PORTFOLIO STOCK BREAKUP COMPLETED ONGOING UPCOMING Category Area (Mn Sft) Value(Mn) Ongoing-Premium & Luxury Projects 2.261 37,732 • 144 PROJECTS • 39 PROJECTS • 24 PROJECTS Ongoing-Mid Income Projects 5.071 51,961 • 118 MN SFT • 58 MN SFT • 63 MN SFT Ongoing Commercial Projects 0.084 84
Slide 20: Ongoing Residential Projects
Bengaluru 1 Prestige White Meadows T3 0.50 100% 0.50 FY 24 Ongoing Residential 2 Prestige Fairfield 0.51 27% 0.14 FY 24 Hyderabad 3 Prestige Finsbury Park- Regent 1.81 60% 1.09 FY 24 1 Prestige Tranquil 2.24 73% 1.64 FY 24 39 58 4 Prestige Finsbury Park- Hyde 2.77 60% 1.66 FY 24 2 Prestige Beverly H
Slide 21: Upcoming Residential Projects
Bengaluru Upcoming Residential 24 63 1 Prestige Glenbrook 0.66 100% 0.66 FY 24 2 Prestige Misty Waters- Phase III 0.20 32% 0.06 FY 24 Hyderabad Projects mn sft 3 Prestige Countydale 0.21 100% 0.21 FY 24 4 Prestige Southern Star 7.77 48% 3.73 FY 24 1 Prestige Rock Cliff 0.68 55% 0.37 FY 24 5 Prestige
Slide 22: Commercial
Commercial IT Parks | Corporate Offices | SEZs Prestige BKC 101, Mumbai Artist’s Impression 22 www.prestigeconstructions.com
Slide 23: Commercial Segment
Commercial Segment COMPLETED ONGOING UPCOMING TENANTS WORKFORCE • 120 PROJECTS • 12 PROJECTS • 11 PROJECTS • 400+ • 450,000 • 40 MN SFT • 24 MN SFT • 15 MN SFT 31,931 EXIT RENTALS PROJECTED ANNUITY INCOME STEP UP (₹ mn) PG Share ₹2,114 mn 20,814 ANNUITY INCOME FY28 8,805 6,883 ₹ 31,931 mn 4,878 F Y2
Slide 24: Ongoing Commercial Projects
Bengaluru Ongoing Commercial 1 Prestige Tech Cloud 2.10 86% 1.81 FY 24 12 24 2 Prestige Tech Hub 1.33 60% 0.80 FY 26 3 Prestige Tech Pacific Park 1.65 66% 1.09 FY 24 Projects mn sft 4 Prestige Tech park IV Block 3 0.16 50% 0.08 FY 24 5 Prestige Lake Shore Drive Ph I 4.02 40% 1.61 FY 25 6 Prestige Te
Slide 25: Upcoming Commercial Projects
Upcoming Commercial 11 Projects 15 mn sft 1 Bengaluru Prestige Techzone 1.78 67% 1.19 FY 27 2 Prestige Tech park 5 0.13 100% 0.13 FY 27 3 Prestige Landmark 2.93 50% 1.46 FY 28 4 Prestige Capital Square 0.12 100% 0.12 FY 28 5 Prestige Tech Habitat 1.04 60% 0.63 FY 27 Total 6.00 3.54 Mumbai 1 Prestige
Slide 26: Commercial Capex and Balance to Spend
Commercial Capex and Balance to Spend BALANCE TO SPEND Balance Balance COC (PG SHARE) PARTICULARS Total COC COC (PG) 450, (PG) COC ONGOING COMMERICAL 000 ₹55,373 mn Ongoing Commercial Capex 87,181 77,252 61,253 55,373 UPCOMING COMMERICAL Upcoming Commercial ₹66,235 mn Capex 71,449 70,175 67,494 66,2
Slide 27: Retail
Retail Shopping Malls | Multiplexes | High Street | Luxury Retail | Centre for Performing Arts The Collection@ UB City, Bengaluru Shot at Location 27 www.prestigeconstructions.com
Slide 28: Retail Segment
Retail Segment COMPLETED ONGOING UPCOMING • 13 PROJECTS • 1 PROJECT • 5 PROJECTS • 10 MN SFT • 1 MN SFT • 6 MN SFT 5,536 PROJECTED ANNUITY INCOME STEP UP (₹ mn) 4,455 PG Share EXIT RENTALS ₹2,154 mn 2,805 2,154 2,154 ANNUITY INCOME FY28 ₹ 5,536 mn FY24 FY25 FY26 FY27 FY28 28 www.prestigeconstruction
Slide 29: Ongoing and Upcoming Retail Projects
Ongoing Retail 1 Project 1.13 mn sft Bengaluru 1 Forum 13o North 1.13 100% 1.13 FY 26 Upcoming Retail Total 1.13 1.13 5 Projects 5.58 mn sft Bengaluru | Hyderabad | Chennai | Kochi 1 Forum One OMR 1.79 85% 1.52 FY 28 2 Forum Neighbourhood Mall 0.69 100% 0.69 FY 27 Table Header 3 Forum TPC Bengaluru
Slide 30: Retail Capex & Balance to Spend
Retail Capex & Balance to Spend BALANCE TO SPEND (PG SHARE) Balance Balance COC 450, PARTICULARS Total COC COC (PG) COC (PG) ONGOING RETAIL 000 Ongoing Retail Capex 3,619 3,619 3,072 3,072 ₹3,072 mn UPCOMING RETAIL Upcoming Retail Capex 18,716 12,732 18,569 12,629 ₹12,629 mn TOTAL Total Capex ₹15,70
Slide 31: Hospitality
Hospitality Resorts | Business Hotels | Service Apartments | Convention Centers JW Marriott Bengaluru Prestige Golfshire Resort & Spa Shot at Location 31 www.prestigeconstructions.com
Slide 32: Hospitality Portfolio (2931 Keys)
Hospitality Portfolio (2931 Keys) OPERATING ONGOING UPCOMING • 9 PROJECTS • 4 PROJECTS • 3 PROJECTS • 1361 KEYS • 1083 KEYS • 487 KEYS 301 KEYS, BENGALURU 285 KEYS, BENGALURU 590 KEYS, NEW DELHI 189 KEYS, NEW DELHI 200 KEYS, MUMBAI (BKC) 153 KEYS, CHENNAI 360 KEYS, BENGALURU 79 KEYS, BENGALURU 176 K
Slide 33: Hospitality Capex and Balance to Spend
Hospitality Capex and Balance to Spend BALANCE TO SPEND Balance Balance COC (PG SHARE) PARTICULARS Total COC COC (PG) 450, (PG) COC ONGOING HOSPITALITY Ongoing Hospitality Capex 21,469 12,419 14,387 000 8,550 ₹8,550 mn UPCOMING HOSPITALITY Upcoming Hospitality Capex 8,822 7,636 8,799 7,625 ₹7,625 mn
Slide 34: Hospitality Revenue Potential (2931 Keys)
Hospitality Revenue Potential (2931 Keys) OPERATING ONGOING UPCOMING • 9 PROJECTS • 4 PROJECTS • 3 PROJECTS • 1361 KEYS • 1083 KEYS • 487 KEYS UNDER OPERATING CONSTRUCTION UPCOMING TOTAL Total Keys 1,361 1,083 487 2,931 Keys (PG Share) 1,311 694 397 2,401 Total Revenue p.a. 9,085 8,462 4,765 22,312
Slide 35: Operating Hotel Performance
Operating Hotel Performance 13013 13099 ARR ₹ 11319 RevPAR ₹ 7266 7181 6749 Q2 24 Q1 24 Q2 23 35 www.prestigeconstructions.com
Slide 36: Cashflows Q2 & H1 FY24
Cashflows Q2 & H1 FY24 ₹ in Mn Q2 FY24 H1 FY24 OPERATIONAL ACTIVITIES Inflow Residential Collection/ Commercial & Retail Rentals / Property Maintenance / Mall Operations/ Others 30,253 60,934 Outflow Construction Cost- Development Business 11,861 23,679 LO Payments /Sales/ Marketing / Admin Overhead
Slide 37: Property Management
Property Management Housekeeping Security Training Safety Landscaping Property Upkeep Community 180 98 Projects Under Maintenance Projects in Pipeline. 115 mn sft 155 mn sft Prestige Leela Residences, Bengaluru ₹1,680 mn ₹10,000 mn Shot at Location Q2 FY24 Gross Revenue Future Potential P.A 37
Slide 38: Mumbai Portfolio
A THE PRESTIGE CITY MULUND Mulund B PRESTIGE DAFFODILS Pali Hill A C JIJAMATA NAGAR Worli D PRESTIGE JASDAN CLASSIC Mahalaxmi E PRESTIGE OCEAN TOWERS B G Marine Lines F PRESTIGE NAUTILUS Worli F C G PRESTIGE 1O1 BKC H D Residential BKC H THE PRESTIGE (LIBERTY TOWERS) E Commercial Mahalaxmi MUMBAI PO
Slide 39: Prestige Mumbai Residential Portfolio
All pictures are Artist’s Impression Prestige Mumbai Residential Portfolio Prestige Nautilus, Worli Prestige Daffodils, Pali Hill The Prestige City Mulund Prestige Jasdan Classic, Mahalakshmi Prestige Ocean Towers, Marine Lines
Slide 40: Residential – Mumbai
Residential – Mumbai # Project Carpet Area Mn sf Expected Selling Total Sale value PG % PEPL Share of Sales Price In ₹ Mn Value In ₹ Mn Ongoing Residential 1 Prestige Jasdan Classic 0.33 45,100 14,662 100 14,662 2 The Prestige City Mulund Bellanza & 2.13 23,000 49,027 100 49,027 Siesta 3 Prestige Da
Slide 41: Prestige Mumbai Commercial Portfolio
All pictures are Artist’s Impression Prestige Mumbai Commercial Portfolio Prestige BKC 101 The Prestige, Mahalaksmi www.prestigeconstructions.com 41
Slide 42: Commercial – Mumbai
Commercial – Mumbai # Project Total Expected Total Sale PG % PEPL Share of Projected PEPL Projected Rental PA Leasable Area Selling Price value In Mn Sales Value Rent/Sf (in case of leasing) In ₹ Mn sf In ₹ Mn Mn Ongoing Commercial 1 The Prestige 3.00 45,882 137,440 90 123,696 325 10,514 Upcoming Co
Slide 43: Land Bank
Land Bank Land Area Economic Prestige Share S.No. Entity Name Location (Acres) Interest (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi, Bengaluru 143 100% 143 2 Prestige Estates Projects Ltd Perumbakam, Chennai 20 66% 13 3 The QS Company Padil Mangaluru 17 100% 17 4 Prestige Warehousing And Cold
Slide 44: Board of Directors
Board of Directors Irfan Razack Dr. Rezwan Razack Noaman Razack Chairman and Managing Director Joint Managing Director Whole-time Director Uzma Irfan Dr. Pangal Ranganath Nayak Jagdeesh K. Reddy S.N. Nagendra Neelam Chhiber Dr. Ravindra M Mehta Director Independent Director Independent Director Inde
Slide 45: Leadership Team
Leadership Team Venkat K. Narayana Nawabzada Omer Bin Jung Anjum Jung Zackria Hashim Mohmed Zaid Sadiq CEO- Prestige Group Executive Director- Hospitality Executive Director- Executive Director- Land Acquisition Executive Director- Liaison and Hospitality Interior Designs Faiz Rezwan Zayd Noaman San
Slide 46: Leadership Team
Leadership Team V. Gopal Swaroop Anish Suresh Singaravelu Jagdeep Singh Marwaha Lt Col. Milan Khurana (Retd.) Executive Director- Projects and Executive Director- Executive Director- Retail, CEO- Prestige Office Ventures Executive Director- HR, IT Planning Business Development Hospitality and Busine
Slide 47: Connect with us
Connect with us Registered Office No. 19, Brunton Road, (Off M.G Road) Bengaluru 560 025 Landmark - Trinity Metro Station investors@prestigeconstructions.com Email www.prestigeconstructions.com Website T: +91 -80 –25001 248 F: + 91 –80 -25591945 Call us 47 www.prestigeconstructions.com
Slide 48: Annexures
ANNEXURES 48 www.prestigeconstructions.com
Slide 49: Exit Rentals – Commercial
EXIT RENTALS – COMMERCIAL Rent P.A Economic Interest Economic Interest S.No. Project Name Total Leasable Area (Annualised) (Rs (%) (MnSf) Mn) 1 Prestige Logistic Centre 0.39 100 0.39 85 2 Prestige Polygon 0.34 100 0.34 352 3 West Palm Developers Pvt Ltd 0.32 61 0.20 211 4 SKN Commercial 0.13 100 0.1
Slide 50: Residential Projects Free Cashflows
RESIDENTIAL PROJECTS FREE CASHFLOWS Ongoing + Completed Projects Upcoming Projects Particulars Area in Mn Sft Value in ₹ Mn Particulars Area in Mn SftValue in ₹ Mn Total Developable Area 87.31 Total Developable Area 64.28 Car Park Area 23.16 Car Park Area 16.56 Total Saleable Area 64.14 Total Saleab