Puravankara Limited · NSE:PURVA
Puravankara — Q1 FY22 Earnings Presentation
39 slides from Puravankara's earnings presentation, Aug 13, 2021
Slide 1: Exchange filing cover letter for results presentation
August 13, 2021 The General Manager – DCS, The Manager, Listing Operations-Corporate Services Dept. Listing Department, BSE Ltd. National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Rotunda Building, Exchange Plaza, 5th Floor, Plot No. C/1, G 'P J. Towers, Dalal Street, Fort, Mumbai B
Slide 2: Investor Presentation Q1 FY22
Investor Presentation Q1 FY22 Artist’s impression of Purva Atmosphere
Slide 3: Table of Contents
Table of Contents * Company Overview 3-6 * Development Bank 7-9 * Operational Overview – Area and Sales 10 - 13 * Launch pipeline 14 * Update of Financials 15 - 16 * Cash Flow Statements 17 – 18 * Debt 19 * Appendix 1 : Project Status 20 – 24 * Appendix 2 : Other corporate information 25 - 30 * Appe
Slide 4: Company Overview
Company Overview Artist’s impression of Provident Capella 3
Slide 5: Company Overview – Iconic Brands in Real Estate
Company Overview – 2 Iconic Brands in Real Estate • Leading real estate enterprise providing diversified premium and affordable residential housing and commercial spaces • Over 4 decades of domain expertise, completed 74 projects measuring over 42.67msft • Land Bank at 64.95msft and ongoing projects
Slide 6: World Class Technology
World Class Technology • Starworth Infrastructure and Construction Limited – wholly owned subsidiary focussed on technology enabled construction solutions • Design-build, Civil and MEP Capabilities for a wide variety of real estate and infrastructure projects • 100% precast solutions –construction s
Slide 7: Purva Land – Plotted development
Purva Land – Plotted development • Dedicated arm for plotted development • To cater to the evolving needs of homebuyers and offer a highly lucrative investment opportunity • To enable our customers to benefit from a fruitful investment, as well as enjoy greater flexibility with respect to the layout
Slide 8: Development Bank
Development Bank Artist’s impression of Purva Aspire Actual site picture – Purva Palm Beach 7
Slide 9: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 30.25 11.93 40.24 52.17 Chennai 6.26 1.64 11.71 13.35 Hyderabad 1.86 1.08 - 1.08 Kochi 1.89 3.43 4.21 7.64 Others 1.57 0.23 1.01 1.24 West India 0
Slide 10: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 46% of the share of Provident accounts for 49% of the launch pipeline; in line ongoing and 59% of launch pipeline with the market trends and the Group‘s strategy Launch pipeline Launch pipeline 1% 25% 0% 25% 29% 18% 27% Ongoing Ongoing
Slide 11: Operational Overview – Area and sales
Operational Overview – Area and sales Purva Windermere Actual site picture – Purva Palm Beach 10
Slide 12: Project Delivery
Project Delivery in million sq. ft. (numbers in million sq. ft.) FY17 FY18 FY19 FY20 FY21 Q1FY22 Opening Area 23.64 24.92 20.82 23.08 22.93 22.37 Add: Launches/Revisions during the period 1 4.77 1.96 3.95 2.29 1.20 - Less: Completed during the period 2 -3.49 -6.06 -1.69 -2.44 -1.75 - Closing Area 24
Slide 13: Some of the launches planned for FY22
Some of the launches planned for FY 22 Launch date - Q2FY22, Kochi Launch date – Q4FY22, Mumbai Launch date – Q3FY22, Pune Launch date – Q3FY22, Bangalore Launch date – Q4FY22, Bangalore Launch date – Q3FY22, Chennai Launch date – Q2FY22, Bangalore 12
Slide 14: Sales Q1FY22 Vs Q1FY21
Sales Q1FY22 Vs Q1FY21 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Jun-21 Jun-20 % Jun-21 Jun-20 % Jun-21 Jun-20 % Jun-21 Jun-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.29 0.41 -29% 167 279 -40% 242 277 -12% Completed 0.07 0.19 -63
Slide 15: Launch Pipeline
Launch Pipeline Sr. no Location/ Project Name City Development Model Development Type Developable Area PL Share in JD Saleable area (msft) Expected launch date Puravankara 1 Lalbagh (Purva Orient Grand) Bengaluru Joint Development Residential 0.21 55% 0.12 Q3FY22 2 Sound Of Water II* Bengaluru Joint
Slide 16: Update on financials
Update on financials Artist’s impression of Purva Silversand Actual site picture – Purva Palm Beach 15
Slide 17: Income Statement for Quarter Ended 30th June 2021
Income Statement for Quarter Ended 30th June 2021 All numbers in INR Cr Q1FY22 Q4FY21 Q1FY21 Particulars Un Audited Audited Un Audited Income from operations Total Income from operations 541.61 339.39 190.53 Expenses Sub-contractor cost 102.59 120.00 46.72 Cost of raw materials and components consum
Slide 18: Cash Flow
Cash Flow All numbers in INR Cr Cash Flow Statement FY 2020 FY 2021 Q1 FY 22 A Operating Inflows 1,770.3 1,289.2 817.4 B Operating Outflows (1,127.8) (793.8) (271.8) C=A-B Operating Surplus 642.4 495.5 545.7 Less Interest Cost( Net ) (321.0) (218.0) (75.3) Tax Paid (27.5) (23.8) (18.2) D Operating S
Slide 19: Projected Cash Flow: Visibility from ongoing open for sale units
Projected Cash Flow : Visibility from ongoing open for sale units All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 1,078 1,081 2,159 Value of Inventory open for sale 2 (B) 3,029 1,608 4,636 Balance cost to go 3 (C) 1,618 1,251 2,868 Surplus (A) + (B) – (C)
Slide 20: Debt Profile – Consistent improvement in debt to equity ratio
Debt Profile – Consistent improvement in debt to equity ratio; now at 0.90; returned to FY18 levels All numbers in INR Cr in Rs. Cr Q1FY22 Q4FY21 Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 Q2FY20 Q1FY20 Opening Balance 2,502 2,613 2,834 2,680 2,681 2741 2,827 2,889 2,921 Net Addition (Repayment) -366 -111 -
Slide 21: Appendix 1 : Project Status
Appendix 1 : Project Status 20
Slide 22: Appendix – Project Status
Appendix 1 – Project Status Provident Sunworth 21
Slide 23: Project Status – Completed Projects as on June 30, 2021
Project Status – Completed Projects as on June 30, 2021 Puravankara's JD / JV Share for Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Msft % COMPLETED Puravankara 1 Coronation
Slide 24: Project Status – Under Construction as on June 30, 2021
Project Status – Under Construction as on June 30, 2021 Puravankara's JD / JV Share for Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Msft % UNDER CONSTRUCTION Puravankara 1 A
Slide 25: Project Status – Not yet open for Sale as on June 30, 2021
Project Status – Not yet open for Sale as on June 30, 2021 Puravankara's Share - S.No. Project Location Developable Area Total Flats JD / JV Share for Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Msft % PHASES NOT OPEN FOR SALE Purava
Slide 26: Appendix 2: Other Corporate Information
Appendix 2: Other Corporate Information 25
Slide 27: Governance Structure to drive long term growth
Governance Structure to drive long term growth Executive Team Non Executive Directors Anup Shah Sanmukh Ravi Puravankara Non- Executive Independent Director Chairman • Bachelor’s degree in Commerce and Law • Over 44 years of experience in real estate Over 39 years of experience in field of law, indu
Slide 28: Shareholding Pattern as of June 30, 2021
Shareholding Pattern as of June 30, 2021 Others, 8% Mutual Funds, 1% FIIs and FPIs, 16% Promoters Group, 75% Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate Mutual Funds Gothic Corporation Life Insurance Corporation Franklin Templeton Atyant Capital General Insurance Co
Slide 29: Share Price Movement
Share Price Movement 280 260 240 220 200 180 160 140 120 100 80 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Puravankara Sensex BSE Realty Notes: Graph rebased to 100 28
Slide 30: Awards and Accolades
Awards and Accolades WORLD ECONOMIC FORUM New Champions Construction Week Awards - Real Estate 12th Annual Estate Awards - Developer of Realty+ 40 Under 40 Awards - Certificate of Awards - Puravankara Limited as an Honourable Person of the Year – Mr. Ashish Puravankara the Year - Residential (South
Slide 31: Media & Capital Market Recognition
Media & Capital Market Recognition With a robust business continuity plan in place, continued focus on digital initiatives, the wellbeing of employees and stakeholders, along with sustained effort to enhance the overall experience of our customers, has helped to strengthen our position as a thought
Slide 32: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects Purva Coronation Square Purva Palm Beach 31
Slide 33: Our Completed Projects
Our Completed Projects Provident Sunworth The Tree by Provident 32
Slide 34: Appendix 4: Select Ongoing Projects
Appendix 4 : Select Ongoing Projects Purva Promenade Purva Atmosphere 33
Slide 35: Select Ongoing Projects
Select Ongoing Projects Provident Park Square Provident Adora De Goa 34
Slide 36: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Puravankara Ltd.'s future business prospects and business profitability, which are subject to a number of ri
Slide 37: THANK YOU
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Investor Relations Contact: Mr. Neeraj Gautam, Executive Vice President Email – Neeraj.Gautam@Puravankara.com; Tel: +9
Slide 38: Press release: Q1FY22 results
PURAVANKARA@ For Immediate Release August 13, 2021 Bengaluru, India Q1FY22 Consolidated Revenue at INR S42 Crore, up 184% YoY Profit After Tax for Q1FY22 at INR iSS Crore, up 1024% YoY Net Debt reduced by INR 451 Crore in Q1 FY22 Credit rating upgraded to [ICRA] A- (stable) Commenting on the company
Slide 39: Press release: cash flows, debt and credit rating
Cash Flows The balance collections from sold units in all launched projects stood at INR 2,159 crores as of June 30, 2021. The balance cost to go stood at INR 2,868 crores. Combined with the unsold receivables from launched projects of INR 4,636 crores, the projected operating surplus of INR 3,928 c