Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q3 FY2011 Earnings Presentation
45 slides from Prestige Estates Projects's earnings presentation, 2011
Slide 1: Prestige Estates Projects Limited
Prestige Estates Projects Limited Investor Presentation Q3 FY2011 Strictly Private & Confidential
Slide 2: Discussion Agenda
Discussion Agenda Business Update ¾ Highlights of Q3 FY 2011 ¾ Business Segments Results Update ¾ Financials - Snapshot ¾ Ratios ¾ Sales Summary ¾ Debt Profile ¾ Receivables Profile ¾ Rental Income ¾ Key Subsidiaries - Snapshot Projects Update ¾ Project Completions & Launches About the Company Key P
Slide 3: Business Update
Business Update Strictly Private & Confidential
Slide 4: Highlights of Q3 FY11
Highlights of Q3 FY11 Î Prestige was listed on NSE and BSE on 27 October 2010. It mobilised Rs.1200 crores from the Initial Public Offer with dilution of 20% stake. MARKET CAPITALISATION of the Company as on 31 December 2010 is Rs.56,429 million. Î The Prestige Shantiniketan, one of the largest mixe
Slide 5: Highlights of Q3 FY11 – Contd..
Highlights of Q3 FY11 – Contd.. Î Prestige has delivered around 3.6 msf of area comprising of residential and commercial projects. The details are as below: PROJECTS COMPLETED DURING Q3 FY11 Developable JD ratio/ Project name Location area in Sq. ft Economic (Million Sft) interest RESIDENTIAL PROJEC
Slide 6: Business Segments
Business Segments Our Business Residential Commercial Retail Hospitality Services Sub-leasing and Apartments Office Space Malls Resorts fit-out services Service Villas SEZs Project and Apartments Construction Mgmt services Built-to-suit Townships Hotels Campuses Interior Design and Execution Plotted
Slide 7: Geographical Mix – A South India player
Geographical Mix – A South India player Ongoing, under development and forthcoming developments by geography Number of Developable area City projects (msf) Cochin Hyderabad Bangalore 37 46.1 4.2% 3.2% Hyderabad 2 2.1 Chennai 13.0% Chennai 6 8.0 Bangalore 75.3% Mysore 2 1.9 Mysore 3.1% Cochin 4 2.5 M
Slide 8: Product Mix – A large and well diversified portfolio
Product Mix – A large and well diversified portfolio Ongoing projects Under development projects Forthcoming projects Hospitality Hospitality Retail 4.0% 8.3% Commercial Residential Retail 4% Retail Residential 10.7% 15% 14.2% 30.4% Commercial 81% 12.7% Commercial 51.4% Residential 68.3% Total = 31.
Slide 9: Results Update
Results Update Strictly Private & Confidential
Slide 10: Balance Sheet as at December 31, 2010
Balance Sheet as at December 31, 2010 As at As at 31-Dec-10 31-Mar-10 Rs. Rs. (Unaudited) (Audited) SOURCES OF FUNDS Rs. In Mio 1. Shareholders' funds (a) Capital 3,281 2,625 (b) Reserves and surplus 16,931 3,651 2. Loan funds (a) Sec ured loans 11,874 12,048 (b) Unsec ured loans 384 611 3. Deferred
Slide 11: Income Statement – Q3 FY11
Income Statement – Q3 FY11 Rs. in Mio Nine Previous Quarter Months Year Particulars ended % % % ended ended 31.12.10 31.12.10 31.03.10 Income A Project Income 1 Residential Income 2480 76% 5080 63% 5772 71% (a) Mid Income 1202 48% 3369 66% 4578 79% (b) Premium 1278 52% 1712 34% 1194 21% 2 Commercial
Slide 12: Expenditure Statement - Q3 FY11
Expenditure Statement - Q3 FY11 Rs. in Mio Nine Previous Quarter Months Year Particulars ended % % % ended ended 31.12.10 31.12.10 31.03.10 Expenses Cost of Projects Sold 1 Residential 1722 75% 3799 66% 4217 67% (a) Mid Income 973 57% 2869 76% 3706 88% (b) Premium 748 43% 930 24% 511 12% 2 Commercia
Slide 13: Ratios
Ratios Rs. In Mio Nine Months Previous Year Quarter ended ended ended Particulars 31.12.2010 31.12.2010 31.03.2010 (Unaudited) (Unaudited) (Audited) EBITDA 1,118 2,767 2,618 EBITDA Ratio 29.28% 28.85% 26.36% PAT 544 1,334 1,417 PAT Ratio 14.24% 13.91% 14.27% Depreciation 83.71 249.23 349.33 EPS 4.77
Slide 14: Turnover (Rs.in Mio)
Growth Chart TURNOVER OF PRESTIGE FOR THE LAST 6 YEARS 12,000 9,693 9,932 9,590* 10,000 Turnover (Rs.in Mio) 8,897 8,000 6,000 4,605 4,271 4,000 2,000 0 2006 2007 2008 2009 2010 2011 Financial Years *Note: Turnover for FY11 is for 9 months ended Dec 31 2010 Strictly Private & Confidential 14
Slide 15: Summary of Sales : Q1-Q3 FY11
Summary of Sales : Q1-Q3 FY11 SALES - SUMMARY Rs. In Mio Q1 FY 2011 Q2 FY 2011 Q3 FY 2011 TOTAL FY 2011 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 118,327 61 490 154,296 84 631 108,740 60 512 381,363 205 1,633 Premium Segment 48,030
Slide 16: Debt Profile
Debt Profile Particulars Standalone % Consolidated Loan * % Debt as on 31.12.2010 Secured Loan 11,874 97% 15,587 96% a. Project & Working Capital Loans 4,074 34% 4,799 31% b. Rental Securitisation Loans 3,353 28% 6,341 41% c. Receivables discounting loans 4,447 38% 4,447 28% Unsecured Loan 384 3% 63
Slide 17: Debt Profile - Contd.. Debt Summary
Debt Profile - Contd.. Debt Summary Rs. In Mio Particulars Standalone Consolidated Gross Opening Balance 01.07.2010 12,382 17,765 Less Loans Repaid during the period (2,816) (4,218) New Loans availed during the period 2,308 2,629 Debt increase due to consolidation (589) Gross debt position as on 31.
Slide 18: Receivables Profile
Receivables Profile Areas are in million sft Values are in Mio Rs Strictly Private & Confidential 18
Slide 19: Rental Income
Rental Income As on D ecem ber 31, 2010 (Areas are in Million Sqft) (Values are in M illion R upees) R ENT AL INC O M E O FFIC E SPACE R etail Existing R ental PUD & Forth Existing R etail PUD & Forth O ngoing O ngoing Properties Com ing Properties Com ing Developable Leased Area D evelopable Area L
Slide 20: Rental Income – Contd..
Rental Income – Contd.. Existing Rental Income Office Space Retail Total Rental Rental Rental Area Income Area Income (Rs Area Income Particulars (Mio sqft) (Rs in Mio) (Mio sqft) in Mio) (Mio sqft) (Rs in Mio) Prestige Estates 1.60 720.00 0.27 342.00 1.88 1,062.00 Group Companies (PEPL Share) 0.86
Slide 21: Snapshot - Key Subsidiaries
Snapshot - Key Subsidiaries Details of Subsidiaries yielding Rental Income (Rs. In Mio) Gross Rental PEPL Income for the Sl No. Name of the Subsidiary EBIDTA PAT Holding period ended Dec-10 1 ICBI (India) Pvt Ltd 82.57% 11 15 10 2 Prestige Valley View Estates Pvt Ltd 51.05% 11 11 1 3 West Palm Devel
Slide 22: Projects Update
Projects Update Strictly Private & Confidential
Slide 23: Projects expected to be completed in Q4 FY11
Projects expected to be completed in Q4 FY11 Developable Area ( Economic Project Name Location Cit y sft) Interest R E S ID E N T IA L P R O J E C T S P restige Silverdale Sarjapur Ro ad B engaluru 187,629 100% P restige A shcro ft Lavelle Ro ad B engaluru 39,400 50% P restige So uthridge B anashank
Slide 24: Project Launches in coming quarters
Project Launches in coming quarters Developable Economic Project Name City Area (sft) Interest RESIDENTIAL PROJECTS Prestige Edwardian Bengaluru 72,000 100.0% Prestige Hermitage Bengaluru 193,500 50.0% Prestige Bellavista Chennai 4,603,072 60.0% Prestige Tranquility Bengaluru 4,754,900 100.0% Presti
Slide 25: About the Company
About the Company Strictly Private & Confidential
Slide 26: Track Record
Track Record ¾ Our track record South India Focus ¾ Brand created over 24 years and completed 153 projects ¾ 38 msf delivered across segments including premier developments such as Forum Koramangala, UB City and Shantiniketan. ¾ Strategic and financial partners strengthen our growth plans Goa Hydera
Slide 27: Board of Directors
Board of Directors Irfan Razack Rezwan K. Jagdeesh B. G. Koshy Noor Ahmed Dr. Pangal R. Chairman & Razack Reddy Independent Jaffer Nayak Managing Director Joint Managing Independent Director Independent Independent Over 36 years of Director Director Businessman Director Director experience Ove
Slide 28: Shareholding Pattern
Shareholding Pattern As on Dec 2010 Strictly Private & Confidential 28
Slide 29: Strong relationship with various stakeholders
Strong relationship with various stakeholders relationship Banking Malls Capitaland–Forum malls Collaboration with CapitaLand Retail to develop retail malls across South India Upcoming hospitality 9 Strong relationship with contractors Aloft Hotel and architects relationship 9 Well-defined qualify
Slide 30: PEPL’s varied accomplishments
PEPL’s varied accomplishments 30 Strictly Private & Confidential 30
Slide 31: Key Projects
Key Projects Strictly Private & Confidential
Slide 32: Showcasing : Completed Projects (Select few)
Showcasing : Completed Projects (Select few) Strictly Private & Confidential
Slide 33: Prestige Shantiniketan – One of the Largest Real Estate Development
Prestige Shantiniketan – One of the Largest Real Estate Development One of the largest mixed-use township development including residential, commercial and retail components by Prestige with a total Developable Area of 14.6msf Construction commenced in May 2005 and has completed Residential bloc
Slide 34: UB CITY
UB CITY ¾ A mixed use development located in Bangalore’s Central Business District with developable area of 1.3 msf. ¾ Features: commercial offices, a luxury mall named UB City Collection, serviced residences, restaurants, food courts, spa and cafes in one location. ¾ Attributes: UB City’s height in
Slide 35: UB CITY
UB CITY Strictly Private & Confidential UB City, 35 Interiors
Slide 36: Forum Mall, Bangalore
Forum Mall, Bangalore Î Prestige has set precedent by introducing Mall culture in Bangalore. Î Prestige developed its first mall, The Forum Mall, at Koramangala, Bangalore in 2004. It has been a benchmark in India for retail excellence. The average footfall for weekends is 50,000 plus. The attribute
Slide 37: Flagship Projects: Under Construction (Select few)
Flagship Projects: Under Construction (Select few) Strictly Private & Confidential
Slide 38: Prestige Golfshire
Prestige Golfshire ¾A mixed property development, at the backdrop of the picturesque Nandi hills ¾Location: 12 kms away from International Airport, spread across 276 acres. ¾Feature: 225 ultra luxurious Mansions, a luxury resort hotel, 18-hole Championship Golf Course and a large convention centre.
Slide 39: Prestige Golfshire
Prestige Golfshire Club house Villa 113 Hole 13 tee Hole 6 tee Strictly Private & Confidential 39
Slide 40: Prestige White Meadows
Prestige White Meadows Prestige White Meadows is an exclusive community that offers ultra luxury homes. Features: The project comprises of 330 Sky Villas in four high rise towers of upto 27 floors which offer a choice of Single Level Units, Duplex, Triplex and Penthouses with areas ranging between 6
Slide 41: Prestige Silver Oak
Prestige Silver Oak Silver Oak – A development of exclusive villas which will consist of approximately 178 units, located on the ECC Road, Whitefield, Bangalore, in close proximity to Prestige Palms. The development is one kilometer from ITPL. The project will benefit from facilities such as a club
Slide 42: Exora Business Park
Exora Business Park Exora Business Park, a perspective A commercial development located at Outer EXORA BUSINESS PARK, A PERCEPECTIVE Ring Road, Bangalore with developable area of 2.96 msf. The project is being developed in three phases. Phase I which was completed in Q3 FY11 consists of a towe
Slide 43: Forum Sujana Mall
Forum Sujana Mall Forum Sujana Mall – A perspective Î The Mall comprising 1.47 msf of developable area is located at Kukkatapally in Hyderabad and is in close proximity to Hi-Tech City, a hub for IT companies, a large residential and university area. Î One of the largest mall and multiplex developme
Slide 44: Disclaimer
Disclaimer This presentation contains certain forward looking statements concerning Prestige Estates Projects Ltd’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward
Slide 45: THANK YOU
THANK YOU Prestige Estates Projects Ltd. Mr. Venkat K Narayan The Falcon House, Chief Financial Officer 1, Main Guard Cross Road, Phone: +91 -80 – 25001280 Bangalore – 560 001 E-mail: investors@prestigeconstructions.com Phone: +91 -80 – 25591080 Fax: + 91 – 80 - 25591945 Strictly Private & Confident
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