Prozone Realty Ltd · NSE:PROZONER
Prozone Realty — Prozone Intu Properties — Q1 FY2020 Earnings Presentation
35 slides from Prozone Realty's earnings presentation, Aug 12, 2019
Slide 1: Exchange cover letter for investor presentation
prozone intu Dated: 12th August 2019 National Stock Exchange of India Limited BSELimited Exchange Plaza Listing Department Bandra Kurla Complex, Bandra (E) P.J. Towers, Dalal Street, Fort Mumbai 400 051 Mumbai 400 001 Scrip: PROZONINTU Scrip: 534675 Dear Sir/Madam, Subject: Presentation to be shared
Slide 2: Upward And Forward: Q1 FY20 Results Update Presentation
Upward Q1 FY20 RESULTS UPDATE PRESENTATION And Forward AUGUST 2019 PROZONE INTU PROPERTIES LIMITED 0
Slide 3: Table of Contents
TABLE OF CONTENTS 01 Quarterly Business Update 02 Financial Results 03 Asset Snapshot 04 Annexure 1
Slide 4: Quarterly Business Update
prozone QUARTERLY BUSINESS UPDATE intu W@W
Slide 5: Q1 FY20 Key Highlights: Revenue & Revenue Mix
Q1 FY20 – KEY HIGHLIGHTS : REVENUE & REVENUE MIX Q1 FY20 YoY Analysis Revenue (Rs. Mn) Revenue Mix (Rs. Mn) 300.0 400 350 250.0 300 200.0 250 200 150.0 31% 224 150 170 223 100.0 170 100 50.0 50 0 0.0 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Sale of Services EBIDTA & EBIDTA Margin* Cash PAT (%) 83.7% 300.0 80
Slide 6: Q1 FY20 Results Highlights
Q1 FY20 RESULTS HIGHLIGHTS 01 Revenue o Revenue during the quarter at Rs 223.5 mn was higher by 31% YoY 02 Q1 EBITDA at Rs 180 mn, with a 26% growth YoY o EBITDA margin higher due to change in revenue mix 03 PAT has turned positive to Rs 2.1 mn on YoY basis o As Coimbatore Mall sees better traction,
Slide 7: Financial Results: Consolidated Income Statement
FINANCIAL RESULTS: CONSOLIDATED INCOME STATEMENT Rs. Mn. Q1 FY20 Q1 FY19 YoY Q4 FY19 QoQ FY19 Revenue from Real Estate Projects 0.9 0 - 50.8 - 387.6 Lease Rental & Related Income 222.7 170.1 30.9% 228.1 -2.3% 794.7 Total Income from operations 223.6 170.1 31.4% 278.8 -19.8% 1182.2 Other Income 36.9
Slide 8: Prozone Intu on a Strong Footing
PROZONE INTU ON A STRONG FOOTING 01 Leasing at Coimbatore mall & Aurangabad mall currently stands at 92% and 76% respectively, annuity income to reach optimum levels in FY20. 8 New brands commenced operations at Aurangabad Mall in Q1 including VIP, Keventers, Enamor, Funtastica. Further 4 new st
Slide 9: Current Focus Areas
CURRENT FOCUS AREAS 01 Focus is on Letting out the balance space and maintain effective Brand mix by undertaking churn at the mall. AURANGABAD MALL About 10% of area is under advance stage of discussion with brands like Lifestyle, Taco Bell, Ethnix, One plus, aLL, and expansion for multiplex. 02
Slide 10: Asset Snapshot
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Slide 11: Operating/Development Assets
OPERATING/DEVELOPMENT ASSETS Aurangabad Mall Nagpur Mall Nagpur Residential Coimbatore Mall Aurangabad PTC Coimbatore Residential 9
Slide 12: Retail – Aurangabad Mall Update
RETAIL – AURANGABAD MALL UPDATE Key Operating Parameters Q1 FY20 Gross Leased Area (lakh sq.ft.) 5.27 Current Leasing Status 76% Number of Stores Signed 113 Retailer Sales (Rs. Mn.) 698 Average Monthly Trading Density (Rs/sqft) 575 Footfalls (Mn.) 2.5 Occupancy Footfall & Trading Density 2.5 2.0 1.0
Slide 13: Empire Mall (Aurangabad) – Financial Snapshot
EMPIRE MALL (AURANGABAD) – FINANCIAL SNAPSHOT Operational Details (Rs. Mn.) Q1 FY20 Q4 FY19 Q3 FY19 Q2 FY19 Q1 FY19 Area Leased (lakh sq. ft.) 5.3 5.6 5.4 5.7 5.6 % Leased 75.6% 81% 83% 83% 80% Sale of Premises 0.9 50.8 134.7 202.1 - Rental Income 56.9 62.5 56.9 52.5 46.9 Recoveries *(CAM & Other) 4
Slide 14: New Stores Opened at Aurangabad Mall
NEW STORES OPENED at AURANGABAD MALL 12
Slide 15: Brand Partners at Aurangabad Mall
BRAND PARTNERS AT AURANGABAD MALL 13
Slide 16: Events at Aurangabad Mall
EVENTS AT AURANGABAD MALL World Autism Day – Kids Fashion Show Maharashta Day Mango Festival RED FM School ke little champs 14
Slide 17: Commercial Update Aurangabad – PTC Phase 1 OC Received
COMMERCIAL UPDATE AURANGABAD – PTC PHASE 1 OC RECEIVED Prozone Trade Center (PTC) Phase 1 Q1 FY20 Total Area Launched (sqft) 190,318 Total Units Launched (No) 117 Total Area Sold (sqft) 146,869 % Total Area Booked 77% Avg. Sale Rate per sqft (Rs) 3,424 • Hand over to the buyers in process Total Sale
Slide 18: Commercial Update Aurangabad – PTC Phase 1
COMMERCIAL UPDATE AURANGABAD – PTC PHASE 1 Lobby View Operational Units 16
Slide 19: Financial Snapshot - Coimbatore Mall
FINANCIAL SNAPSHOT - COIMBATORE MALL Key Operating Parameters Q1 FY20 Gross Leased Area (lakh sq.ft.) 4.5 Current Leasing Status 92% Number of Stores Signed 119 Retailer Sales (Rs. Mn.) 772 Average Monthly Trading Density (Rs/sqft) 831 Footfalls (Mn.) 2.5 Occupancy Footfall & Trading Density 2.5 0.2
Slide 20: Financial Snapshot - Coimbatore Mall
FINANCIAL SNAPSHOT - COIMBATORE MALL Operational Details (Rs. Mn.) Q1 FY20 Q4 FY19 Q3 FY19 Q2 FY19 Q1 FY19 Area Leased (lakh sq. ft.) 4.61 4.51 4.47 4.47 4.45 % Leased 92.2% 90% 89% 89% 89% Rental Income 79.7 80.1 71.1 62.5 57.7 Recoveries* (CAM & Other) 47.6 43.1 38.3 38.2 30.7 Total Income 127.4 1
Slide 21: New Store Opening at Coimbatore Mall
NEW STORE OPENING AT COIMBATORE MALL 19
Slide 22: Brand Partners at Coimbatore Mall
BRAND PARTNERS AT COIMBATORE MALL 20
Slide 23: Events at Coimbatore Mall
EVENTS AT COIMBATORE MALL Summer Carnival Auto Pro ‘19 Yoga Day Holiday Fest 21
Slide 24: Project Update - Coimbatore - Residential
PROJECT UPDATE - COIMBATORE - RESIDENTIAL ______________________________ Coimbatore Residential (CGI) • ~1.9 m sqft of residential ______________________________ • 7 towers of 18 floors comprising 1,152 apartments ______________________________ • 3 towers of 18 floors comprising 540 apartments plann
Slide 25: Project Update – Nagpur
PROJECT UPDATE – NAGPUR ______________________________ • 0.5m sqft of retail space Nagpur mall design (CGI) under advanced stage of approvals • 0.39m additional development potential ______________________________ • 4.5m catchment population ______________________________ • 15.7 acres of residential
Slide 26: Nagpur Residential Towers Nearing Completion
NAGPUR RESIDENTIAL TOWERS NEARING COMPLETION Update & Future Plan • Development of 4 towers is in full swing along with external infrastructure work. Construction is ~ 90% complete • Design and planning for residential Phase 2 (approx. 350 apartments) on railway land is finalized 24
Slide 27: Project Update - Indore Residential
PROJECT UPDATE - INDORE RESIDENTIAL Indore township design (CGI) • 1.9m city population • Prominent business and industrial centre in Madhya Pradesh ______________________________ • 43.5acres comprising residential township with 5 acres for commercial to be developed in phases • Phase 1&2 is for plo
Slide 28: Disclaimer
DISCLAIMER Generic Disclaimer The following is a general overview of Prozone INTU Limited (the “Company”) and is qualified in its entirety by reference to the applicable offering memorandum, memorandum and articles of association or other constitutional documents and subscription agreement (together
Slide 29: Thank You
THANK YOU Email: investorservice@prozoneintu.com Nachiket Kale Website: www.prozoneintu.com Dickenson IR Contact: 9920940808 Email: nachiket.kale@dickensonIR.com Website: www.dickensonir.com 27
Slide 30: Annexure
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Slide 31: About Us
ABOUT US • Prozone Intu Properties Ltd. (Prozone Intu) is developed by Promoters and financially participated by Intu Properties Plc set up to create, develop and manage world-class regional shopping centres and associated mixed-use developments Pan-India. BUSINESS • Prozone Intu strategy is to part
Slide 32: Understanding Our Business Model - Business Strategy
UNDERSTANDING OUR BUSINESS MODEL - BUSINESS STRATEGY Business Strategy • Develop Large scale Land Parcels for Mixed Use development. • 75% of the Land to be developed as Residential & Commercial – Build & Sell model • 25% of the Land to be developed as Retail – Build & Lease Model • The Company foll
Slide 33: Understanding Our Business Model - Business Strategy
UNDERSTANDING OUR BUSINESS MODEL - BUSINESS STRATEGY Regional Malls Yield under own Lease Management Model Debt Free Large scale Assets land parcels FUTURE for mixed use Profits & GROWTH developments Shareholder Residential & Cash Value Commercial Sales Developments Model • Locations selected in hig
Slide 34: Our Board of Directors
OUR BOARD OF DIRECTORS Nikhil Chaturvedi Dushyant Sangar Founder and Managing Director, Mr. Dushyant Sangar is the Corporate Mr. Umesh Kumar, (Independent Director) Nikhil is a visionary and hands-on Development Director of Intu leader, who inspires the Properties plc and is a member of Intu's Mr Um
Slide 35: Trading Update
TRADING UPDATE Shareholding in % – March 2019 Others, Promoters 29.0% , 31.0% FII, 7.7% Intu Properties, 32.4% Key Investors Holding (%) ACACIA Partners 1.5% Aditya Chandak & Family 1.8% Rakesh Jhunjhunwala 2.1% Rajesh Narang 1.5% Source: BSE 33
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