Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q1 FY2015 Earnings Presentation
19 slides from Peninsula Land's earnings presentation, 2014
Slide 1: Results Presentation | Q1, FY 2015
Results Presentation | Q1, FY 2015
Slide 2: Company overview
Company overview Pioneer in Mumbai real estate market ; with the first retail mall and first textile mill re-development project in the city Executed projects aggregating to 6.4 mn sq ft (current market value ~Rs14,000 Cr), presence in 3 states and 7 cities Over 18.3 mn sq ft development in pipeline
Slide 3: Execution track record
Execution track record 5 (mn sq ft) 4.1 4 3 2 2.0 1 0.3 0 1997-2004 2005-2009 2010-2014 1997-2004 (0.3 mn sq ft) 2005-2009(2 mn sq ft) 2010-2014 (4.1 mn sq ft) Peninsula Centre Peninsula Corporate Park Peninsula Business Park Palm Beach Bayside Mall Peninsula Technopark Crossroads CR2 Center point K
Slide 4: Robust pipeline and renewed geographic focus
Robust pipeline and renewed geographic focus Presence in Key urban Tier 1 & 2 Cities in Western & Southern India Completed Ongoing Pipeline No of Projects Area (mn sq ft) No of Projects Area (mn sq ft) No of Projects Area (mn sq ft) Mumbai 12 6.4 2 0.6 4 1.9 Pune 1 0.5 2 12.3 Bengaluru 2 1.3 A 12 6.
Slide 5: Business Updates
Business Updates [=]
Slide 6: Business Updates in Q1 FY 15
Business Updates in Q1 FY 15 Financial Performance Revenue –Rs. 65 Crs Q1 FY 15 V/s Rs. 63 Crs Q1 FY 14 EBITDA - Rs. 24 Crs Q1 FY 15 V/s Rs. 37 Crs Q1 FY 14 PAT - Rs. 2 Crs Q1 FY 15 V/s Rs. 3 Crs Q1 FY 14 New Sales Bookings / Collections Sold 65,217 sq ft of new space during Q1 FY15 as against 31,77
Slide 7: Financials Overview
Financials Overview [=]
Slide 8: Key financial snapshot (standalone)
Key financial snapshot (standalone) Particulars (Rs. Cr) Q1FY15 Q1FY14 FY14 Income Statement Income from Operations 65 63 271 Profit before interest & Tax 21 36 149 PBT 0.4 3 50 Tax Provision (2) (0.3) 1 PAT 2 3 49 8
Slide 9: Profit and Loss (standalone)
Profit and Loss (standalone) P&L Snapshot (Rs. Cr) Q1FY15 Q1FY14 Income Total Income from operations (Gross) 41.4 15.7 Other Income 23.3 47.7 Total Revenue 64.7 63.4 Expenses a) Cost of Realty Sales 19.2 0.0 b) Employee Benefit expenses 11.4 14.4 c) Depreciation 2.8 1.4 d) Other Expenses 10.2 12.1 T
Slide 10: Debt profile
Debt profile Particulars (Rs. Cr) 30.06.14 31.03.14 Standalone Total Debt 1,692 1,290 Less: Cash & Cash equivalents 130 222 Net Debt 1,562 1,068 Net Worth 1,533 1,532 Debt Equity – Gross Borrowing (x) 1.10 0.84 Debt Equity – Net Borrowing (x) 1.02 0.70 ICRA and Brickworks A rating for long term loan
Slide 11: Projects Overview
Projects Overview [=]
Slide 12: Details of Ongoing Projects – Q1 FY2015
Details of Ongoing Projects – Q1 FY2015 Saleable Area Sold Sales Average PLL Share Collections Projects Area (sq ft Location (sq ft in Value Realization (%) (Rs. Cr) in 000’s) 000’s) (Rs. Cr) (Rs. / sq ft) Ashok Astoria 589 Nashik 100% 9 4 4,284 4 Ashok Nirvaan 352 Lonavala 25% - - - 1 Ashok Beleza
Slide 13: Ongoing projects – till June 14 (cumulative)
Ongoing projects – till June 14 (cumulative) Saleable Area Sold Sales Average PLL Share Collections Projects Area (sq ft Location (sq ft in Value Realization (%) (Rs. Cr) in 000’s) 000’s) (Rs. Cr) (Rs. / sq ft) Ashok Astoria 589 Nashik 100% 290 100 3,448 76 Ashok Nirvaan 352 Lonavala 25% 106 72 6,80
Slide 14: Project pipeline
Project pipeline Saleable Area Development Land cost* Projects Location PLL Share (%) JV Partner (sq ft In ‘000s) Model (Rs. Cr) Carmichael Road 143 Mumbai JV 40% 394 KBK Group NGE Byculla 500 Mumbai JV 57% 682 PREI Fund Celestia Spaces, PMC of 8% + 1,200 Mumbai JV - Bhattads Sewree Phase 2 JV of 18
Slide 15: Annuity income and completed inventory
Annuity income and completed inventory Annuity Income for Q1 FY 15 Project Type Area (sqft) Rentals (Rs. Cr) Piramal Chambers 91,000 4 Piramal Chambers 39,000 2 Peninsula Business Park 30,000 1 Total 160,000 7 Piramal Chambers has been given on lease to Income Tax & Central Excise Offices Part of Pe
Slide 16: Unrecognized revenue from projects under construction
Unrecognized revenue from projects under construction Balance Area Sale Revenue Balance Work Revenue Sold Value of % of Sales to be PLL Revenue Project Completion Recognized (sq ft Area Sold Complete Recognized on Share to be Recognized (Rs. Cr) ‘000s) (Rs. Cr) sale portion PLL Share(Rs. Cr) (Rs. Cr
Slide 17: Forthcoming launch schedule
Forthcoming launch schedule Area Size Expected Projects City (sq ft In ‘000s) Launch Date JP Nagar Bengaluru 618 Q2FY15 Tathavade Pune 772 Q3FY15 Ashok Meadows, Hinjewadi (Phase II) Pune 800 Q3FY15 Carmichael road Mumbai 143 Q3FY15 Mamurdi-Gahunje (Phase I) Pune 1,000 Q1FY16 Mahadeopura Bengaluru 63
Slide 18: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 19: Thank You
[am] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP