Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q3 FY2011-12 Earnings Presentation
35 slides from Prestige Estates Projects's earnings presentation, January 2012
Slide 1: Investor Presentation Q3 FY 2011-12
INVESTOR PRESENTATION Q3 FY 2011 -12 1
Slide 2: Index
Index Highlights of Q3 FY 2011 – 12 Financials Sales Summary Debt Profile Receivables Profile Rental Portfolio Project Portfolio & Update Brand - Prestige Awards & Recognition 2
Slide 3: Highlights of Q3 FY 2011-12
HIGHLIGHTS OF Q3 FY 2011-12 3
Slide 4: Highlights of Q3 FY 2011-12
Highlights of Q3 FY 2011 - 12 For the Quarter ended December 31, 2011, the turnover of the company is Rs.1,798 million. (Q2 FY 2011-12 – Rs 1,408 million) EBIDTA is 35% amounting to Rs. 630 million. (Q2 FY 2011-12 – 44% amounting to Rs 620 million) Profit after tax is 15.6% amounting to Rs. 28
Slide 5: Highlights of Q3 FY 2011-12
Highlights of Q3 FY 2011 - 12 Rental Income for the quarter - Prestige Share is Rs. 399 million. Total Unbilled Revenue as on December 31, 2011 is Rs. 27,892 million. Area leased during the quarter - Office space is 0.56 msf (Prestige Share Nil) and total area under lease as on December 31, 20
Slide 6: Highlights for the Nine Months ended December 31, 2011
Highlights for the Nine Months ended December 31, 2011 For the Nine Months ended December 31, 2011, the turnover of the Company is Rs. 5,816 million. EBIDTA is 36% amounting to Rs. 2,065 million. Profit after tax is 15.6% amounting to Rs. 908 million. 6
Slide 7: Financials Update
FINANCIALS UPDATE
Slide 8: Financials: Balance Sheet
Financials BALANCE SHEET AS AT 31 ST DECEMBER 201 1 Rs. in Mn As at As at As at As at 31 -Dec-1 1 30-Sep-1 1 31 -Dec-1 0 31 -Mar-1 1 (Unaudited) (Unaudited) (Unaudited) (Audited) SOURCES OF FUNDS 1 . Shareholders' funds (a) C apital 3,281 3,281 3,281 3,281 (b) Reserves and surplus 18,064 17,783 16,9
Slide 9: Financials Contd.. Profit and Loss Account
Financials Contd.. Rs in Mn PRO FIT A ND LO SS A CCO UNT FO R THE PERIO D ENDED 31 ST DECEMBER 201 1 Nine months Q uar ter ended Year Ended per iod ended 31 -Dec-1 1 30-Sep-1 1 31 -Dec-1 0 31 -Dec-1 1 31 -Mar -1 1 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (A udited) INCO ME Income fr om oper a
Slide 10: Financials Contd..
Financials Contd.. Rs in Mn Nine months period Quarter ended Year ended Sl. ended Particulars No. 31-Dec-11 Ratio/ 30-Sep-11 Ratio/ 31-Dec-10 Ratio/ 31-Dec-11 Ratio/ 31-Mar-11 Ratio/ (Unaudited) % (Unaudited) % (Unaudited) % (Unaudited) % (Audited) % Sale of Projects & 1 1,669 1,281 3,636 5,434 13,8
Slide 11: Financials Contd..
Financials Contd.. Rs in Mn Nine months Quarter ended Year ended Sl. period ended Particulars No. 31-Dec-11 Ratio/ 30-Sep-11 Ratio/ 31-Dec-10 Ratio/ 31-Dec-11 Ratio/ 31-Mar-11 Ratio/ (Unaudited) % (Unaudited) % (Unaudited) % (Unaudited) % (Audited) % 11 PBT 389 22% 347 25% 1,118 29% 1,238 21% 2,883
Slide 12: Sales Summary
Sales Summary Area in sft Rs in Mn FY 2011-12 TOTAL FY 2011 Particulars QUARTER 1 QUARTER 2 QUARTER 3 Apr 2011 - Dec 2011 Area Units Value Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 293,718 197 1,125 1,925,849 1,429 6,686 810,620 536 3,145 3,03
Slide 13: Unrecognized Revenue from Projects under Execution
Unrecognized Revenue from Projects under Execution Rs in Mn Total Rev enue Rev enue for Recognised Balance Rev enue Sl.No Pr ojects Recognition Upto to be Recognised (Sales made) 31 .1 2.201 1 A B C= A -B A Residentail Pr ojects 1 N eptune C ourty ard 2,877 2,302 575 2 Golfshire Phase -1 3,772 1,924
Slide 14: Project Debtors Summary
Project Debtors Summary Rs in Mn Opening Closing A mount Name of the Project Balance as at New Sales Balance as at Realised 01.10.2011 31.12.2011 A B C D= (A + B-C) C ompleted Projects Prestige Alecto 74 - 36 38 Prestige Andree Residences 3 - - 3 Prestige Ashcroft 26 - 14 12 Prestige Atrium 130 (12)
Slide 15: Project Debtors Summary
Project Debtors Summary Rs in Mn Opening Closing Incremental POC POC A mount Name of the Project Balance as at Balance as at Turnover A djustment Realised 01.10.2011 31.12.2011 A B C D E= (A + B-C-D) On Going Projects Prestige Khoday Tower 80 - - - 80 Prestige Neptune C oury ard 46 201 106 85 56 Pre
Slide 16: Debt Profile
Debt Profile As on December 31, 2011 Rs. in Mn Consolidated Particulars Standalone % % Loan * Debt as on 31.12.2011 Secured Loan 10,250 98% 15,760 98% a. Project Debt - Resi & C omm 6,368 62% 7,070 45% a. C apex Loans 478 5% 1,340 9% b. Rental Securitisation Loans 2,231 22% 6,176 39% c. Receivables
Slide 17: Receivables Profile
Receivables Profile Area in Msf Value in Mn Rs As on Dec 31, 2011 17
Slide 18: Rental Income
Rental Income As on December 31, 2011 {Areas are in Mn Sft) (Values are in Min Rs} Projected Annual Rental income - Prestige Share * Of the above mentioned 5.77 mn sft of leasable ares in office space of ongoing projects & 3.17 mn sft of Retail space, we have already leased/ tied up with verious ten
Slide 19: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE
Slide 20: 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 21: Product Mix – By Geography and By Segment
Product Mix – By Geography 3% 7% Number of projects by region Bangalore 50 47 13% 45 Mangalore 40 Mysore 35 3% 30 2% Chennai 25 Cochin 20 71% 15 Hyderabad 8 10 6 5 2 3 2 - Bangalore Mangalore Mysore Chennai Cochin Hyderabad Area - 61.33 msf Product Mix – By Segment Ongoing Projects Upcoming Projects
Slide 22: Projects expected to be completed in Q4 FY 2011-12
Projects expected to be completed in Q4 FY 2011-12 Developable Total No PEPL Sl No Project Name Location PEPL Stake Area (Sft) of Units Share A RESIDENTIAL 1 Prestige Neptune Courty ard Cochin 1,080,156 100.00% 374 374 TOTAL - A 1,080,156 374 374 B COMMERCIAL 1 Prestige Shantiniketan ( C Block) Bang
Slide 23: Ongoing Projects – Segment wise
Ongoing Projects – Segment wise Developable Total No of PEPL Sl No Project Name Location PEPL Stake Area (Sft) Units Share A RESIDENTIAL 1 Prestige Neptune C ourty ard C ochin 1,080,156 100.00% 374 374 2 Prestige Golfshire Villas Bangalore 1,753,255 100.00% 228 228 3 Prestige W hite Meadows - 1 Bang
Slide 24: Ongoing Projects – Segment wise
Ongoing Projects – Segment wise Developable Sl No Project Name Location PEPL Stake PEPL Share Area (Sft) B COMMERCIAL 1 Prestige Shantiniketan (C Block) Bangalore 758,000 83.20% 630,656 2 Cessna Business Park B7 to B11 Bangalore 4,330,323 60.00% 2,598,194 3 Prestige Poly gon Chennai 659,499 60.00% 3
Slide 25: Ongoing Projects – Segment wise contd..
Ongoing Projects – Segment wise contd.. Developable PEPL PEPL No. of Sl No Project Name Location Area (Sft) Stake Share Keys C HOSPITALITY 1 Aloft Bangalore 286,188 60.00% 171,713 202 2 H ilton Bangalore 450,000 100.00% 450,000 285 3 Forum Value Mall- Ser Apt Bangalore 369,146 35.00% 129,201 142 4 P
Slide 26: Upcoming Projects – Segment wise
Upcoming Projects – Segment wise Launch Dev elopable PEPL PEPL Sl No Project Name Location Date Area (Sft) Stake Share A RESIDENTIAL 1 Prestige May bery - 1 FY-12 Banglaore 121,475 45.00% 54,664 2 Prestige May bery - 2 FY-12 Banglaore 387,195 62.00% 240,061 3 Prestige H illside Retreat FY-12 Banglao
Slide 27: Upcoming Projects – Segment wise
Upcoming Projects – Segment wise Dev elopable A r ea PEPL PEPL Sl No Pr oject Name Location (Sft) Stake Shar e B COMMERCIA L 1 Forum Thomsun C ochin 200,000 25.00% 50,000 2 TMS Square C ochin 322,131 50.00% 161,066 3 Prestige Summerfields Bangalore 158,400 43.00% 68,112 4 Prestige Khoday Platinum Ba
Slide 28: Land Bank Details
Land Bank Details Area in Economic PEPL Share of Sl No Company Name Location Acres Interest Area in Acres 1 Prestige Estates Projects Ltd Bangalore 231.73 69% 159.57 2 Prestige Bidadi H oldings Pvt Ltd Bangalore 142.74 100% 142.74 3 Prestige Projects Pvt Ltd Sarjapur Road 168.00 33% 54.90 4 Prestige
Slide 29: About the Company
ABOUT THE COMPANY
Slide 30: Brand - Prestige
Brand - Prestige Brand created over 25 years and over 161 projects. Area executed so far : 45.82 msf across all segments. Headed by Mr. Irfan Razack who is recognized as a visionary and a real estate icon who is ably supported by his brothers Mr. Rezwan Razack and Mr. Noaman Razack - with expe
Slide 31: Brand - Prestige
Brand - Prestige Strong Joint Venture Partners such as CapitaLand, RedFort and Urban Infrastructure Opportunities Fund. Awarded Crisil DA1 rating (Highest Developer rating in the category) in recognition of the quality and delivery of projects. The current rating is DA2+. Competitive Advantage
Slide 32: Shareholding Pattern
Shareholding Pattern 1.42% 13.94% 80.01% 4.63% As on 31 December 2011 Foreign Institutional Investors Mutual fund Promoters Public & Others 32
Slide 33: Awards & Recognition
Awards & Recognition “Special Jury Award for Best Regional Developer – South ” by Zee Business – RICS Real Estate Awards “Outstanding contribution in Real Estate – Retail Projects” By EPC World Awards 2011 33
Slide 34: Disclaimer
Disclaimer This presentation has been prepared by Prestige Estates Projects Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Prestige Estates Projects Ltd’s future business prospects and business profitability, which ar
Slide 35: Prestige Estates Projects Ltd. contact details
Prestige Estates Projects Ltd. Mr. Venkat K Narayan The Falcon House, Executive Director Finance & CFO No. 1, Main Guard Cross Road, Phone: +91 -80 – 25001280 E-mail: investors@prestigeconstructions.com Bangalore – 560 001 Phone: +91 -80 – 25591080 Fax: + 91 – 80 - 25591945 35
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