Slide 1: Puravankara Projects Limited
Purva Eternity, Kochi Puravankara Projects Limited September 2015
Slide 2: Key Highlights – 30 Sep 2015
Key Highlights – 30 Sep 2015 YoY (Sep 15 vs Sep 14) • Revenues - INR 426 Crs vs INR 429 Crs • EBITDA – INR 101 Crs vs INR 93 Crs • PAT – INR 23 Crs vs INR 21 Crs • Operating Cash Surplus at INR 44 Crs • Sold – 0.50 Msft @ INR 238 Crs 2
Slide 3: Key Highlights – New Launches lined up
Key Highlights – 30 Sep 2015 Contd…. New Launches lined up - 17.01 Msft of which : Puravankara – 8.32 Msft Provident– 8.69 Msft City wise breakup Bengaluru – 6.11 Msft Chennai – 3.81 Msft Kochi – 2.91 Msft Hyderabad – 2.18 Msft Pune – 2.0 Msft Final plan sanctions awaited 3
Slide 4: Key Highlights – Deliveries within next 18 months
Key Highlights – 30 Sep 2015 Contd…. Deliveries within next 18 months – 12.23 Msft of which: Puravankara – 7.12 Msft Provident – 5.11 Msft City wise breakup Bengaluru – 5.80 Msft Chennai – 3.89 Msft Coimbatore – 1.95 Msft Hyderabad – 0.59 Msft 4
Slide 5: Contents
Contents • Company Overview 6 - 12 • Area information 13 - 19 • Sales 20- 23 • Cash Flows 24- 27 • Income Statement Analysis 28 - 33 • Balance Sheet and Statement of Capital Employed 34- 36 • Debt 37 - 38 • Shareholding Pattern/ Stock Movement 39 - 41 • Leadership 42 • Location Maps 43 - 47 • Projec
Slide 6: Company Overview
PURAVANKARA Company Overview
Slide 7: Overview
Overview • Deep domain knowledge of 40 years of the Promoter Mr. Ravi Puravankara, and his team have established Puravankara as a developer of repute; • Amongst South India’s leading real estate developer with an established presence in residential segment comprising of luxury and premium affordable
Slide 8: Premium Affordable housing through Provident Brand
Premium Affordable housing through Provident Brand • Established Provident Housing Limited in 2008 to create mid and mass housing projects comprising quality affordable apartments in response to burgeoning demand for mid-income housing • Affordability is a combination of – Efficient design improving
Slide 9: Projects portfolio of Provident
Projects portfolio of Provident Pudupakkam / Chennai / (2.2 msft)/ Completed FY 2009-2010 Doddaballapur Rd, Bengaluru (3.5 msft) / Completed For Video please click: Provident Welworth City FY 2011-2012 Thannisandra Road / Bengaluru / (0.7 msft) Mysore road / Bengaluru / (6.0 msft) For Video please c
Slide 10: Land Assets across various established micro-markets
Land Assets across various established micro-markets Land portfolio Developable area breakup in millions sq. ft. Completed (msft) Ongoing Upcoming Land Assets Total ted (A) (B) (C) (A)+(B)+(C) Bengaluru 19.85 14.18 8.18 44.78 67.14 Chennai 2.27 5.76 7.05 4.66 17.47 Kolkata 0.70 - - - - Kochi 1.89 0.
Slide 11: Ongoing and Upcoming Development
Ongoing and Upcoming Development By geography By entity By segment 9% Upcoming Upcoming 6% Upcoming 13% 3% 2% Ongoing 5% Ongoing Ongoing 10% 33% 1% 29% 40% 24% 60% 60% 95% 29% 87% 94% Bengaluru Chennai Kochi Puravankara Provident Residential Commercial Coimbatore Hyderabad Mangalore Ongoing Upcoming
Slide 12: Summary of Financial Performance
Summary of Financial Performance Revenues (INR crores) EBITDA (INR Crores) Profit Before Tax (INR Crores) Profit After Tax (INR Crores) 1,691 356 700 70% 400 30% 300 25% 595 29% 350 243 1,313 600 61% 397 60% 25% 250 1,248 480 24% 24% 20% 19% 20% 500 50% 300 243 49% 48% 408 20% 200 17% 250 19% 160 15
Slide 13: Area Information
PURAVANKARA Area Information 13
Slide 14: Area Under Development – Snapshot
Area Under Development – Snapshot in millions sq. ft. (numbers in millions sq. ft.) FY12 FY13 FY14 FY15 H1 FY16 Opening Area 21.12 23.74 28.04 28.43 24.01 Add: Launches/Revisions during the period 1 5.80 7.28 4.26 1.12 0.06 Less: Completed during the period 2 (3.18) (2.98) (3.87) (3.31) (0.45) Less
Slide 15: Current Project Status – 30 September 2015
Current Project Status – 30 September 2015 Puravankara's On Area Launched Developable Total JD / JV Share S.No. Project Location Share - Area Area Flats for Developer Sold Cumulative Inventory Developable Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Vene
Slide 16: Current Project Status – (contd.)
Current Project Status – 30 September 2015 – (contd.) Puravankara's On Area Launched Developable Total JD / JV Share S.No. Project Location Share - Area Area Flats for Developer Sold Cumulative Inventory Developable Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTIO
Slide 17: Current Project Status – (contd.)
Current Project Status – 30 September 2015 – (contd.) Puravankara's On Area Launched Developable Total JD / JV Share S.No. Project Location Share - Area Area Flats for Developer Sold Cumulative Inventory Developable Area Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES TO BE LAUN
Slide 18: Geographic break up of Inventory Status- Q2 FY16
Geographic break up of Inventory Status- Q2 FY16 Ready to move in Inventory – By Region Ready to move in Inventory - By Entity Kochi 0.47 msft; 251 units Provident Puravankara 0.69 msft; 664 units 1.28 msft; 669 units Bengaluru 0.83 msft; 560 units Chennai 0.67 msft; 522 units 1. Notes: Charts based
Slide 19: Immediate Launches - Schedule
Immediate Launches - Schedule Development PPL Share in Saleable Expected Launch S. No Location City Development Type Developable Area JD Area Date Model Msft Msft Puravankara 1 Mallasandra Bengaluru Joint Development Residential 1.94 87.5% 1.69 Q4FY16 2 Lalbagh Bengaluru Joint Development Residentia
Slide 20: Sales
PURAVANKARA Sales 20
Slide 21: Sales – Q2 FY16, September 2015
Sales – Q2 FY16, 30 September 2015 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-15 Sep-14 % Sep-15 Sep-14 % Sep-15 Sep-14 % Sep-15 Sep-14 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 0.28 0.71 -61% 212 451 -53% 164 382 -57% 5,938 5,4
Slide 22: Sales – Half Year end FY16
Sales –Half Year end FY16 Based on Bookings Half Year ended Area Sold Units Sold Sale Value Sale Realization Sep-15 Sep-14 % Sep-15 Sep-14 % Sep-15 Sep-14 % Sep-15 Sep-14 % msft msft Nos. Nos. Rs. Crores Rs. Crores Rs.psft Rs.psft Puravankara 0.49 1.23 -60% 401 809 -50% 292 666 -56% 5,951 5,370 11%
Slide 23: Sales Breakup
Sales Breakup Q2 FY16 By Entity Q2 FY16 By Geography Kochi 5% 0.03 msft Hyderabad 6% 0.03 msft Coimbatore 4% 0.02 msft Provident 44% 0.22 msft Chennai 11% 0.06 msft Puravankara 56% 0.28 msft Bengaluru 74% 0.37 msft 23
Slide 24: Cash Flows
PURAVANKARA Cash Flows 24
Slide 25: Cash Flow – Summary
Cash Flow – Summary Rs. crores Puravankara Provident Total Balance collections from sold units 1 (A) 1,054 319 1,373 Inventory 2 (B) 4,676 2,238 6,914 Residential 4,186 2,238 6,424 Launched 3,133 910 4,043 Not Launched 1,053 1,328 2,381 Commercial 490 - 490 Balance cost to go 3 (C) 1,893 1,178 3,071
Slide 26: Cash Flow Statement
Cash Flow Statement Rs. crores FY 2015 Q1 FY16 Q2 FY16 H1 FY16 Receipts Collection from Sale of Flats 1,462.95 328.13 343.12 671.25 Advance recd for sale of land 161.56 - 140.00 140.00 Equity Redemption and Dividend from Associates 38.74 - 54.40 54.40 A Total Receipts 1,663.25 328.13 537.52 865.65 E
Slide 27: Cash Flow Statement (Contd)
Cash Flow Statement (Contd) Rs. crores FY 2015 Q1 FY 16 Q2 FY16 H1 FY16 Investment Activity Purchase of Fixed Assets (34.55) (2.79) (8.37) (11.16) Investment in Subsidiaries/Associates - - 0.10 0.10 Investment in Mutual Funds - - - - Net investment in bank deposits and margin monies (7.09) 0.05 (2.1
Slide 28: Income Statement Analysis
Income Statement Analysis 28
Slide 29: Income Statement – Summary
Income Statement – Summary Rs. Crores Recognised in Q2 FY16 (from projects) Puravankara Provident Purva Star Others Total Revenue Recognised 1 (A) 199 143 71 12 425 Land Cost Recognized (B) 32 1 1 1 35 Construction Costs Recognised 2 (C) 127 92 56 - 275 Surplus (A) – (B) – (C) 40 50 14 11 115 Unreco
Slide 30: Result Highlights
Result Highlights Rs. crores Other Subsidiaries and Q2FY16 Puravankara Provident Starworth Consolidated Eliminations Total Revenues 240 141 57 -12 426 YoY growth (%) -15% 25% -18% -1% Profit Before Tax 37 17 -4 -19 30 YoY growth (%) 310% 66% -174% -17% margins (%) 15% 12% -8% 7% Profit After Tax 40
Slide 31: Consolidated Statement of Profit and Loss for the quarter ended 30 September 2015
Consolidated Statement of Profit and Loss for the quarter ended 30 September 2015 Rs. crores Q2FY16 Q1FY16 Q2FY15 FY15 Income Revenue from operations Revenue from projects 423 446 425 1,664 Other operating revenues 2 3 4 14 Other income 1 1 0 13 Total 426 450 429 1,691 Expenses Material and contract
Slide 32: Consolidated Statement of Profit and Loss for the H1 FY15
Consolidated Statement of Profit and Loss for the H1 FY15 Rs. crores H1 FY16 H1 FY15 FY15 Income Revenue from operations Revenue from projects 869 883 1,664 Other operating revenues 5 7 14 Other income 2 12 13 Total 876 903 1,691 Expenses Material and contract cost 542 428 889 Land cost 324 145 169
Slide 33: Key Financial Indicators
Key Financial Indicators Valuation Matrix (X) H1FY15 FY 2015 FY 2014 FY 2013 Income Statement (INR crs) H1FY15 FY 2015 FY 2014 FY 2013 Price/Earnings 15.75 11.09 9.95 7.97 Total Income 876 1691 1,313 1,248 Price /BV 0.64 0.65 0.74 1.02 EBITDA from Operations 201 408 480 595 EV/Sales 1.83 1.79 2.39 2
Slide 34: Balance Sheet and Statement of Capital Employed
Balance Sheet and Statement of Capital Employed 34
Slide 35: Balance Sheet as of 30 September 2015
Balance Sheet as of 30 September 2015 Rs. crores September March September March Equity and Liabilities Assets 2015 2015 2015 2015 Shareholders' Funds Non-Current Assets Share capital 119 119 Fixed assets 129 124 Reserves and surplus 2,189 2,142 Non-current investments 52 69 2,307 2,261 Properties h
Slide 36: Statement of Capital Employed
Statement of Capital Employed Rs. crores 30-Sep-15 31-Mar-15 Sources of Funds Equity 119 119 Reserves and Surplus 2,189 2,307 54% 2,142 2,261 56% Optionally Convertible Debentures 86 2% 0% Total Debt 1,844 44% 1,780 44% Total 4,237 100% 4,040 100% Application of Funds Land Investments 52 69 Properti
Slide 37: Debt
PURAVANKARA Debt 37
Slide 38: Debt Structure – September 2015
Debt Structure – September 2015 Others- Rs. 30Cr, 2% Term Loans – Subsidiaries / Associates at interest rate of 12.76%, Rs. 340 Cr, 18% Over Drafts at interest rate of 14.17%, Rs. 155 Cr , 8% Term Loans/Construction Finance at interest rate of 12.34%, Rs. 1319 Cr, 72% in Rs. Cr Q2 FY16 Q1 FY16 FY 20
Slide 39: Shareholding Pattern
PURAVANKARA Shareholding Pattern 39
Slide 40: Shareholding Pattern – as on 30 September 2015
Shareholding Pattern – as on 30 September 2015 Individuals and Others 8% DIIs 1% Mutual Funds 7% FIIs 10% Promoters 75% Notes Promoter Shares are unencumbered Key Shareholders Mutual Funds FIIs Insurance and Bodies Corporate Reliance AMC HSBC Life Insurance Corporation Axis Mutual Fund College Retir
Slide 41: Stock Movement
Stock Movement Relative to BSE Realty Index and Sensex during September 30, 2014 to September 30, 2015 120 110 100 90 80 70 60 50 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Puravankara Sensex BSE Realty As on 30th September 2015 30-Sep-15 30-Jun-15 31-
Slide 42: Dedicated and experienced management team
Dedicated and experienced management team – committed to best practices of corporate governance Executive team Non-Executive team Ravi Puravankara Chairman R.V.S. Rao • Over 40 years of experience in real estate industry Independent Director • Former president of the International Real Estate Federa
Slide 43: Bengaluru location map
Bengaluru location map Sl. No. Project Name 1 Highlands/High Crest, Mallasandra 2 Mid-Town, KR Puram 3 Seasons, CV Raman Nagar 4 Sunflower, Magadi Road 5 Skywood, Sarjapur Road 6 Whitehall, Sarjapur Road 7 Harmony, Thannisandra Road 8 Welworth City, Doddaballapur Road 9 Sunworth, Mysore Road 10 Gain
Slide 44: Chennai location map
Chennai location map Sl. No. Project Name 1 Cosmo City, Pudupakkam 2 Swan Lake, OMR 3 Windermere, Medavakkam 4 Primus, OMR 5 Moneto, Guindy 6 Pudupakkam Current Projects Immediate Launches Note: Map not to scale 44
Slide 45: Kochi location map
Kochi location map Sl. No. Project Name 1 Oceana, Marine Drive 2 Grandbay, Marine Drive 3 Eternity, Kakkanad 4 Moonreach, Airport-Seaport Road Current Projects Note: Map not to scale 45
Slide 46: Coimbatore location map
Coimbatore location map Sl. No. Project Name 1 Bluemont/Amaiti, Trichy Road 2 GreenPark, Selvapuram Current Projects Note: Map not to scale 46
Slide 47: Mangalore location map Hyderabad location map
Mangalore location map Hyderabad location map Sl. No. Project Name Sl. No. Project Name 1 Skyworth, Derebail 1 Summit, Kondapur Note: Map not to scale Current Projects 47
Slide 48: Project Pictures
PURAVANKARA Project Pictures .¢ N 10} G > Luxury Apartments | PURVA ATRIA} |
Slide 49: Project Pictures
PURAVANKARA Project Pictures PROVIDENT Welworth City ‘On Yelahanika - Doddaballapur Main Road
Slide 50: Project Pictures
PURAVANKARA Project Pictures bE EEE PEER = 5 < N U G > PROVIDENT Welworth City |
Slide 51: Project Pictures
PURAVANKARA Project Pictures 51
Slide 52: Awards and achievements
Awards and achievements Awards for Puravankara projects Purva Grand Bay - ESTRADE REAL ESTATE AWARDS 2015 - Best Project in a Non- Metro – 2015 Indian Concrete Institute(ICI), Kochi and UltraTech Cement Limited Best Residential Building - 2015 Purva Evoq - 7th REALTY PLUS EXCELLENCE AWARDS for Resid
Slide 53: Disclaimer
Disclaimer This presentation contains certain forward-looking statements. These statements involve risks and uncertainties, and actual results may differ. Risks and uncertainties include without limitation the effect of competitive and economic factors, and the Company’s reaction to those factors, o
Slide 54: THANK YOU
THANK YOU Puravankara Projects Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Please contact: Mr. Hari Ramakrishnan, Deputy Chief Financial Officer Email: hariramky@puravankara.com; Tel: