Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q4 FY2019 Earnings Presentation
76 slides from Phoenix Mills's earnings presentation, May 15, 2019
Slide 1: Exchange filing cover letter
�'9" t" THE PHOENIX MILLS LIMITED Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel : (022) 3001 6600 Fax : (022) 3001 6601 CIN No. : L17100MH1905PLC000200 May 15, 2019 To, BSE Limited Phiroze Jeejeebhoy Towers Dalal Street,
Slide 2: Investor Presentation Q4 & FY2019 Results
Investor Presentation Q4 & FY2019 Results Phoenix United, Lucknow
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: Q4 & FY19 Highlights
Q4 & FY19 Highlights Overview and Strategy Financial Results Business Performance Annexure Phoenix MarketCity Mumbai
Slide 5: Q4 & FY19 Operational Highlights
Q4 & FY19 Operational Highlights Operational Consumption Rs. 68,866 mn 9% Retail consumption increased by 6% yoy to Rs. 16,265 mn in Q4FY19 while retail rental Income is up 9% yoy in Q4FY19 at Rs. 2,499 mn; Retail EBITDA came in strong at Rs. 2,375 mn, up 24% yoy for Q4FY19 Retail Rental PMC Mum
Slide 6: Q4 & FY19 Financial Highlights
Q4 & FY19 Financial Highlights Financial FY19 Revenue Rs. 19,816 mn 22% Q4 FY19 Consolidated Income from operations is up 66% YoY to Rs. 7,233 mn Q4 FY19 Consolidated Profit after tax & before OCI is up 147% YoY to Rs. 2,284 mn FY19 income from operations is up 22% to Rs. 19,816 mn while PAT i
Slide 7: Overview and Strategy
Q4 FY19 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) (5.90 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 One Bangalore West RESIDENTIAL PORTFOLIO Area Total Area Balance Project launched (msf) area (msf) (msf) UNDER CONSTRUCTION One Bangalore 0.72 - 0.72 West - Towers 6-9 Total area Project (msf) COMPLETED One Bangalore West - Towers 1-5 1.23 One Bangalore
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: 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 15: Phoenix MarketCity Hebbal, Bengaluru - Site Pictures
Phoenix MarketCity Hebbal, Bengaluru - Site Pictures Excavation in progress 14
Slide 16: Phoenix MarketCity Wakad, Pune - Site Pictures
Phoenix MarketCity Wakad, Pune - Site Pictures Excavation in progress 15
Slide 17: Phoenix MarketCity Indore - Site Pictures
Phoenix MarketCity Indore - Site Pictures TBU Obtained Environment Clearance for the project. Balance construction to commence in Q1FY20 16
Slide 18: Phoenix MarketCity Lucknow - Site Pictures
Phoenix MarketCity Lucknow - Site Pictures Site progress on track, fit-outs expected to commence in Q1FY20. Mall to be operational in H2FY20 17
Slide 19: Phoenix MarketCity Lucknow - Site Pictures
Phoenix MarketCity Lucknow - Site Pictures Site progress on track, fit-outs expected to commence in Q1FY20. Mall to be operational in H2FY20 18
Slide 20: Palladium, Ahmedabad - Site Pictures
Palladium, Ahmedabad - Site Pictures Excavation in progress 19
Slide 21: Commercial asset update
Commercial asset update Fountainhead Remarks Pune Leasable area: 0.17 msf - 0.14 msf (80%) area has been leased. Tower 1 0.07 msf is currently operational as of March 2019 Tower 2 Leasable area: 0.22 msf. Construction commenced in Q4FY19 Tower 3 Leasable area: 0.35 msf. Construction to commence shor
Slide 22: Financial Results
Q4 & FY19 Highlights Overview and Strategy Financial Results Business Performance Annexure Phoenix MarketCity Bangalore
Slide 23: Q4 & FY19 Standalone P&L
Q4 & FY19 Standalone P&L Q4 Q4 YoY % YoY % (Rs. mn) FY19 FY18 FY19 FY18 Change Change Income from operations 1,104 1,044 6% 4,403 3,972 11% FY19 EBITDA EBITDA 661 644 3% 2,686 2,522 7% 7% Rs. 2,686 mn EBITDA Margin (%) 60% 62% 61% 63% Profit Before Tax and 473 407 16% 2,093 1,901 10% exceptional ite
Slide 24: Standalone Balance Sheet
Standalone Balance Sheet As on March 31, As on March 31, (Rs. mn) (Rs. mn) 2019 2019 Share capital 307 Non-current assets Reserves and surplus 27,139 Tangible assets + intangible assets 6,351 Sub-Total 27,446 Capital work in progress 1,066 Minority interest 0 Non-current investments 26,137 Non – Cur
Slide 25: Q4 & FY19 Consolidated P&L
Q4 & FY19 Consolidated P&L YoY % YoY % (Rs. mn) Q4 FY19 Q4 FY18 FY19 FY18 Change Change Income from 7,233 4,366 66% 19,816 16,198 22% operations FY19 EBITDA Retail 2,908 2,698 8% 11,551 10,595 9% 28% Rs. 9,931 mn Residential 3,072 529 481% 3,795 1,562 143% Commercial 244 181 35% 881 611 44% Hospital
Slide 26: Consolidated Balance Sheet
Consolidated Balance Sheet As on March 31, As on March 31, (Rs. mn) (Rs. mn) 2019 2019 Share capital 307 Non-current assets Reserves and surplus 34,443 Tangible assets 61,489 Intangible Assets 27 Sub-Total 34,750 Capital work in progress 8,960 Minority interest 12,233 Non-current investments 3,711 N
Slide 27: Business-wise Consolidated P&L breakup
Business-wise Consolidated P&L breakup FY19 Core Portfolio PAT Rs. 3,222 Q4 Q4 % % FY19 mn Particulars FY19 FY18 change FY19 FY18 change Consolidated Core Portfolio PAT (Rs. mn) 1,346 818 65% 3,222 2,132 51% PAT Residential PAT (Rs. mn) 938 108 769% 988 290 240% Rs. 4,210 mn FY19 Consol PAT (Rs. mn)
Slide 28: Debt Profile as on 31st March 2019
Debt Profile as on 31st March 2019 Average cost of borrowing up marginally to 9.38% Status Asset Class Amount (Rs. mn) Retail 32,138 89% of Debt is long-term. Debt on the operational Hospitality 5,457 portfolio is primarily lease-rental discounting for Operational Commercial 2,687 retail and com
Slide 29: Debt reduction across operating Assets
Debt reduction across operating Assets Debt on Operational portfolio (Rs. mn) 42,480 • Reduction in debt has been done across 41,314 41,256 41,490 most operating assets in line with steady annuity income 40,121 • Incremental borrowings have been largely for construction finance FY18 Q1FY19 Q2FY19 Q3
Slide 30: Effective Cost of Debt & Maturity Profile
Effective Cost of Debt & Maturity Profile Effective cost of debt (%) Debt Maturity Profile^(Rs. mn) 13.0% 12.3% 40,274 12.5% 12.0% 11.8% 11.0% 11.5% 11.0% 10.5% 10.2% 10.0% 9.38% 9.5% 8.94% 9.14% 9.0% 3,546 4,579 4,757 8.5% 8.0% Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Sep-18 Mar-19 FY20 FY21 FY22 FY23 an
Slide 31: Business Performance - Retail
Q4 & FY19 Highlights Overview and Strategy Financial Results Business Performance - Retail Annexure Phoenix MarketCity Mumbai
Slide 32: 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 1.11 1.19 0.31 0.33 0.22 Total No. of Stores 270 296 263 311 352 139 128 86 Average R
Slide 33: Q4 FY19 – Retail Key Highlights
Q4 FY19 – Retail Key Highlights 4,013 Consumption (Rs. mn) Total Consumption – Rs. 16.3 bn, up 6% yoy 3,048 2,820 2,446 2,356 264 804 514 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened -1% -1% 7% 8% 20% in Feb’18
Slide 34: Q4 FY19 – Retail Key Highlights
33 Q4 FY19 – Retail Key Highlights 868 Rental Income (Rs. mn) Total Rental Income – Rs. 2.5 bn , up 9% yoy 384 347 406 310 54 73 57 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened 8% 8% 8% 13% 10% in Feb’18 5% 13%
Slide 35: FY19 – Retail Key Highlights
FY19 – Retail Key Highlights 17,044 Consumption (Rs. mn) Total Consumption – Rs. 68.9 bn, up 9% yoy 11,071 12,843 12,207 9,559 1,039 3,140 1,963 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened 4% 3% 4% 13% 17% in F
Slide 36: FY19 – Retail Key Highlights
35 FY19 – Retail Key Highlights Rental Income (Rs. mn) Total Rental Income – Rs. 9.9 bn, up 14% yoy 3,432 1,529 1,392 1,589 1,216 248 292 215 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened 9% 14% 10% 9% 15% 10% in
Slide 37: Consumption and rental income continue to grow
PML owned Assets incl. High Street Phoenix & Palladium Consumption and rental income continue to grow Up 5% yoy Consumption (Rs. mn) 4,574 4,251 4,755 4,208 4,057 4,025 4,013 3,617 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Rental Income (Rs. mn) Up 8% yoy 803 839 839 886 868 73
Slide 38: PML owned Assets incl. High Street Phoenix & Palladium
PML owned Assets incl. High Street Phoenix & Palladium % yoy % y-o-y Q4 FY19 Q4 FY18 FY19 FY18 growth growth Rental Income (Rs. mn) ^ 868 803 8% 3,432 3,022 14% Recoveries (CAM and 238 241 973 950 other) (Rs. mn) Total Income (Rs. mn) 1,106 1,044 4,406 3,972 Asset EBITDA (Rs. mn) 873 713 22% 3,171 2
Slide 39: 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 40: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai Category changes in the retail product mix have had a positive impact on rental income Down 1% yoy Consumption (Rs. mn) 2,812 2,706 2,747 2,857 2,867 2,898 2,478 2,446 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Rental Income (Rs. mn) Up 8% yoy 343 343
Slide 41: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai % yoy % yoy Q4 FY19 Q4 FY18 FY19 FY18 growth growth Rental Income (Rs. mn) 384 357 8% 1,529 1,394 10% Recoveries (CAM and 209 174 878 773 other) (Rs. mn) Total Income (Rs. mn) 594 531 12% 2,407 2,166 11% EBITDA (Rs. mn) 383 345 8% 1,642 1,499 10% EBIDTA Margin (as % of 100
Slide 42: Palladium Chennai
Palladium Chennai Q4FY19 FY19 Rental Income (Rs. mn) 54 248 Recoveries (CAM and other) 53 163 (Rs. mn) Total Income (Rs. mn) 107 411 EBITDA (Rs. mn) 22 158 EBIDTA Margin (as % of Total 41% 64% Income) Rental Rate (Rs./sft pm) 100 126 Consumption (Rs. mn) 264 1,039 Trading Density (Rs./sft pm) 725 77
Slide 43: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore Steady improvement in Rental Income and EBITDA Up 7% yoy Consumption (Rs. mn) 3,172 3,299 3,100 3,183 3,514 3,030 2,859 3,048 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Rental Income (Rs. mn) Up 8% yoy 361 339 345 347 329 322 313 311 Q1 FY18 Q2 FY18
Slide 44: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore % yoy % yoy Q4FY19 Q4FY18 FY19 FY18 growth growth Rental Income (Rs. mn) 347 322 8% 1,392 1,275 9% Recoveries (CAM and 166 164 678 668 other) (Rs. mn) Total Income (Rs. mn) 513 486 6% 2,070 1,943 7% EBITDA (Rs. mn) ^ 338 299 13% 1,418 1,228 15% EBIDTA Margin 97% 93% 102%
Slide 45: Phoenix MarketCity Pune
Phoenix MarketCity Pune Strong rental Income growth contributed to superior EBITDA growth Up 8% yoy Consumption (Rs. mn) 2,969 3,045 3,405 2,747 2,616 2,937 2,820 2,495 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Rental Income (Rs. mn) Up 13% yoy 380 387 416 406 338 332 357 360 Q
Slide 46: Phoenix MarketCity Pune
Phoenix MarketCity Pune % yoy % yoy Q4 FY19 Q4 FY18 FY19 FY18 growth growth Rental Income (Rs. mn) 406 360 13% 1,589 1,386 15% Recoveries (CAM and 193 209 793 843 other) (Rs. mn) Total Income (Rs. mn) 599 568 5% 2,382 2,229 7% EBITDA (Rs. mn) 388 326 19% 1,566 1,252 25% EBIDTA Margin (as % of 96% 91
Slide 47: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai PMC Mumbai continues strong performance, establishing itself as a premium destination mall Up 20% yoy Consumption (Rs. mn) 2,654 2,356 2,052 2,320 2,266 2,283 1,801 1,970 Q1 FY18 Q2 FY18 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Rental Income (Rs. mn) Up 10% yoy 271 2
Slide 48: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai % yoy % yoy Q4FY19 Q4FY18 FY19 FY18 growth growth Rental Income (Rs. mn) 310 281 10% 1,216 1,102 10% Recoveries (CAM and 189 145 30% 751 576 30% other) (Rs. mn) Total Income (Rs. mn) 499 426 17% 1,967 1,678 17% EBITDA (Rs. mn) 300 225 34% 1,188 928 28% EBIDTA Margin (as % o
Slide 49: 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 50: 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 51: Renewal Schedule (% of total leasable area)
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 52: 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 53: Business Performance - Commercial
Q4 & FY19 Highlights Overview and Strategy Financial Results Business Performance - Commercial Annexure
Slide 54: 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 55: 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 96 House Q4 FY19 Q4 FY18 FY19 FY18 Total Income 160 127 582 396 (Rs. mn) EBITDA 76 66 335 157 (Rs. mn) % of Total Income 48% 52%
Slide 56: 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 Q4 FY19 Q4 FY18 FY19 FY18 Total Income 150 62 358 219 (Rs. mn) EBITDA (Rs. mn) 119 26 213 91 % of Total Income 7
Slide 57: 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 0.14 79 Tower 1 Fountainhead – Tower 2 Part of Commercial Portfolio under Development 0.54 – Construction to commence for
Slide 58: 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 57
Slide 59: Business Performance - Hotels
Q4 & FY19 Highlights Overview and Strategy Financial Results Business Performance - Hotels Annexure XXO, The St. Regis, Mumbai
Slide 60: Operational Update – Hospitality
Operational Update – Hospitality The St. Regis, Courtyard by Mumbai Marriott, Agra Keys 395 193 Restaurants & Bar 10 4 Occupancy (%)# 87% 83% Average room rent 12,514 4,795 (Rs. / room night) # The St. Regis, Mumbai Courtyard by Marriott, Agra 87% room occupancy in Q4 FY19 vs 83% in Q4 FY19 Tota
Slide 61: The St. Regis, Mumbai
The St. Regis, Mumbai % yoy % yoy Q4 FY19 Q4 FY18 FY19 FY18 growth growth Revenue from 384 357 8% 1,352 1,226 10% Rooms (Rs. mn) Revenue from F&B and Banqueting 438 350 25% 1,424 1,276 12% (Rs. mn) Other Operating 54 74 -27% 267 288 -7% Income (Rs. mn) Total Income 875 780 12% 3,042 2,789 9% (Rs. mn
Slide 62: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra Q4 FY19 Q4 FY18 FY19 FY18 Revenue from Rooms (Rs. mn) 59 61 188 177 Revenue from F&B and 55 50 163 166 Banqueting (Rs. mn) Other Operating Income (Rs.mn) 14 4 19 17 Total Income (Rs. mn) 128 115 370 360 Occupancy (%) 83% 77% 67% 65% ARR (Rs.) 4,795 4,710 3,908 3,811 61
Slide 63: Business Performance - Residential
Q4 & FY19 Highlights Overview and Strategy Financial Results Business Performance - Residential Annexure Kessaku, Bengaluru
Slide 64: 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 65: Operational Update – Residential Portfolio
Operational Update – Residential Portfolio Revenue recognized Saleable area (msf) Cumulative Collections in Project Name Sales Value Average Selling Price (Rs. mn) Area Sold Q4 FY19 (operational) Total Area Balance (Rs. mn) (Rs. psf) (msf) (Rs. mn) in Q4 FY19 Cumulative Area launched Area One Bangal
Slide 66: Operational Update – Residential Portfolio
Operational Update – Residential Portfolio Q4 FY19 FY19 Average Average Area for Value of Amount Area for Value of Amount Selling Selling Development Units sold sold units units sold collected Units sold sold units units sold collected Price Price (sq.ft) (Rs. mn) (Rs. mn) (sft) (Rs. mn) (Rs. mn) (R
Slide 67: Operational Update – Residential Portfolio
Operational Update – Residential Portfolio % of Total # of # of sold # of unsold Development inventory Status units units units sold One Bangalore West Towers 1 -5 461 430 31 93% Completed One Bangalore West Tower 6 110 67 43 61% OC received in April 2019 Kessaku – Sora, Niwa, Mizu 82 35 47 43% OC r
Slide 68: Annexure
Q4 & FY19 Highlights Overview and Strategy Financial Results Business Performance Annexure Palladium, Chennai
Slide 69: Shareholding Pattern as on 31st March 2019
Shareholding Pattern as on 31st March 2019 Shareholding Pattern Sr. No Top Institutional Investors % Shareholding 3.13% 1.24% 6.49% 1 Nordea Bank 6.31% 2 Schroder 3.30% Promoters 3 Fidelity 2.53% FII 4 TT Funds 2.48% 26.37% DII 5 Reliance Mutual Fund 2.01% Public 6 DSP Mutual Fund 1.60% Corporate bo
Slide 70: 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 71: 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 72: 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 73: 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 74: 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 75: Q4 FY19 Debt Across Subsidiaries
Q4 FY19 Debt Across Subsidiaries FY18 Debt Q3FY19 Debt Q4FY19 Debt Asset Type SPV Asset Name PML Ownership (Rs. mn) (Rs.mn) (Rs.mn) PML Standalone High Street Phoenix, Mumbai 100% 7,174 8,632 7,970 Classic Mall Phoenix MarketCity, Chennai 50% 4,779 4,500 6,926 Development The Crest C (Residential) P
Slide 76: 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 75