Praveg Limited · BSE:PRAVEG
Praveg — Q3 FY24 Earnings Presentation
48 slides from Praveg's earnings presentation, Feb 14, 2024
Slide 1: Regulation 30 cover letter to BSE
February 14, 2024 BSE Limited 25th Floor, P J Towers, Dalal Street, Fort, Mumbai- 400 001 Scrip Code: 531637 Dear Sirs, Sub. : Investor Presentation on Financial Performance of the Company Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Req
Slide 2: Praveg Limited Investor Presentation Q3 FY24
PRAVEG LIMITED Investor Presentation Q3 FY24
Slide 3: Disclaimer
Disclaimer This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute prospectus or placement memorandum or an offer to acquire any securities. N o representation or warranty, express or implied is made as to, and no reli
Slide 4: Company Overview
Company Overview
Slide 5: Praveg @ Glance
Praveg @ Glance Praveg is a pioneer in eco-responsible luxury hospitality. The Company’s resorts are located in areas of significance from a cultural and heritage point of view and places of exotic and natural beauty. The company’s luxury tents allow access to locations, where no traditional constru
Slide 6: Key Facts & Figures
Key Facts & Figures 20+ 150+ 1,000+ 2,000+ Years of Experience Client Base Events Exhibition Managing Q3 FY24 680+ Spread Across Revenues - ₹ 33.07 Cr 10 Resorts Rooms 4.26 Lakh Sqm EBITDA - ₹ 13.27 Cr Net Profit - ₹ 8.10 Cr 1,25,000+ 5,50,000+ ISO Rooms Sold Meals served 9001:2015 Certified Investo
Slide 7: Our Journey
Our Journey o Operations at Tent City in Light House Beach, o Establishment of Praveg Daman, Commenced from May, 2023 Communications Pvt. Ltd. o Jampore Beach and Chakratirth Beach Launched on 12/08/2023 o Awarded with a Gold Medal and 1st prize for o Awarded for o Awarded for Set up and Operate Ten
Slide 8: Our Core Competence
Our Core Competence o Low-cost, high-return innovative hospitality concepts o In-house creative studio o Long-term association with Tourism o A dedicated 24 x 7 Reservation Team for hospitality projects o A wide network of travel agents and online travel agents o Skilled team members with proven hos
Slide 9: BODs & KMPs
BODs & KMPs Mr. Vishnukumar Patel Mrs. Bijal parikh Mr. Bhumit Patel Mr. Ajit Panda Chairman Finance Director Wholetime Director Independent Director Ms. Pooja khakhi Mr. Rajendrakumar Patel Mr. Keyoor Bakshi Mr. Mukesh Chaudhary Mr. Dharmendra Soni Independent Director Independent Director Independ
Slide 10: Strong Client Base (Government Sector)
Strong Client Base (Government Sector) Investor Presentation Previous 9 Next
Slide 11: Strong Client Base (Government Sector)
Strong Client Base (Government Sector) Investor Presentation Previous 10 Next
Slide 12: Strong Client Base (Private Sector)
Strong Client Base (Private Sector) Investor Presentation Previous 11 Next
Slide 13: Praveg Skill Development Foundation
Praveg Skill Development Foundation Praveg Skill Development Foundation is a non-profit focused on promoting skill CSR Projects List FY23 development and employment in India through innovative skill development programs and engagement in policy development. By leveraging technology and innovation, t
Slide 14: Stock Data
Stock Data BSE: 531637 | ISIN: INE722B01019 As on 13-02-2024 Share Holding Pattern As on 31-12-2023 Share Price (₹) 880.85 3.84 3.39 Promoter & Promoter Group Market Capitalization (₹ Cr) 2,011.83 NII No. of Shares Outstanding 2,45,02,425 50.83 43.6 FII Face Value (₹) 10 DII 52 week High-Low (₹) 1,3
Slide 15: Business Overview
Business Overview
Slide 16: Business Verticals
Business Verticals Tourism & Hospitality Exhibitions & Events Investor Presentation Previous 15 Next
Slide 17: White Rann Resort, Gujarat
White Rann Resort, Gujarat White Rann Resort is the luxurious tent and bhunga operations at Dhordo, Kutch in association with Gujarat Tourism for an internationally-acclaimed Rann Utsav Festival. The facility, spanning over 40,000 Sqm, houses luxurious swiss tents and bhungas and offers exquisite ho
Slide 18: Tent City Narmada, Gujarat
Tent City Narmada, Gujarat Tent City Narmada near Statue of Unity, Ekta Nagar (Kevadia) is operated and managed by Praveg successfully since 2018 in association with Gujarat Tourism. The facility offers an assorted range Best Eco Resort-Runner Up in Gujarat Travel & Tourism Excellence Awards in 2021
Slide 19: Tent City Varanasi, Uttar Pradesh
Tent City Varanasi, Uttar Pradesh Tent City Varanasi is a luxurious tented resort on the bank of holy Ganga River in Varanasi. The Resort is operational from 15th January 2023, it offers panoramic views of the serene ghats, temples and historic palaces with steps. The river facing resort aptly captu
Slide 20: Beach Resort, Light House, Daman
Beach Resort, Light House, Daman Praveg Beach Resort, a seaside resort with panoramic sea views at the Lighthouse Beach and Jampore Beach in Daman. Praveg Beach Resort – Lighthouse Beach offers 33 independent luxury cottages with rich interiors, top-notch amenities and breathtaking panoramic sea-vie
Slide 21: Beach Resort, Jampore, Daman
Beach Resort, Jampore, Daman Praveg Beach Resort, an eco resort on the Jampore Beach is an ensemble of 28 luxurious Cottages with refreshing interior to offer complete serenity to those looking to escape into nature and 7 Machans Cottages that rise 8 feet above the ground overlooking the sea. 2023 S
Slide 22: Beach Resort, Chakratirth, Diu
Beach Resort, Chakratirth, Diu Praveg Beach Resort on the Chakratirth Beach, Diu is a collection of 24 independent cottages and 6 machans with the panoramic views of Arabian Sea. The Resort offers seaside view with top-notch amenities and unmatched hospitality 2023 Since Spread Across Cottages Guest
Slide 23: Beach Resort, Ghoghla, Diu
Beach Resort, Ghoghla, Diu Praveg Beach Resort consists of uniquely-designed wooden hobbit- inspired cabins lined with the serene Ghoghla Beach with mesmerizing sea- views and plush facilities. 2023 Since Spread Across Cottages No. Of Guest serve Average Price November 9,300 Sqm 35 1,100+ 9,565 2023
Slide 24: Dholavira, Resort, Gujarat
Dholavira, Resort, Gujarat Praveg Resort Dholavira consists of 30 'A'-frame cottages and high-end facilities. A beautiful collection of triangle cottages, rising 20ft from the ground, with appealing interiors and glass wall that opens to the wide open sky to offer a chance to indulge in star- gazing
Slide 25: Grand Eulogia, Ahmedabad
Grand Eulogia, Ahmedabad Ahmedabad's only 5-star hotel offers unparalleled luxury. With a 20th-floor pool, a ₹ 1 Cr. Chauri concept, the city's largest Honeymoon suite, and a 60 ft stage, it's the ideal venue for any event. Bose sound, a 32 ft LED screen, full-day banquets, and the city's largest fa
Slide 26: Tent City Ayodhya, Brahmakund, Uttar Pradesh
Tent City Ayodhya, Brahmakund, Uttar Pradesh Within walking distance from the Ram Lalla Temple in Ayodhya, Tent City Ayodhya stands as an upscale resort beautifully reflecting the divinity of Lord Rama and Ayodhya, a revered birthplace of the Lord, through its engrossing theme and ambience. 2023 Sin
Slide 27: Hospitality Projects Road Map
Hospitality Projects Road Map CURRENT PROJECTS UPCOMING RESORTS Sr. No. Of Resort No. Rooms 1 Jawai, Rajsthan 30 2 Udaipur, Rajsthan 30 No. Of Rooms - 76 No. Of Rooms - 35 3 Adalaj Theme Park, Gujarat 10 4 Velavadar, Gujarat 12 5 Tent City at Daman,Ganga Garden, Kachigam, Daman 30 6 Tent City at Nag
Slide 28: Media & Publication
Media & Publication Investor Presentation Previous 27 Next
Slide 29: Exhibitions & Events
Exhibitions & Events EXHIBITIONS & EVENTS Praveg's core competence is in Exhibition and Event Management. Exhibitions are regularly organized by Praveg, nationally and internationally, and the portfolio includes projects in the USA, China, South Korea, Africa, Europe and in the Middle East. Praveg h
Slide 30: Achievements In Exhibitions & Events
Achievements In Exhibitions & Events Pavilion for Gujarat Tourism Pavilion of Gujarat Maritime Pavilion on Life of Swami Second Best Innovative Stall in Board Vivekananda VGGTS 2017 Adjudged The Best Stall of VGGTS Adjudged The Second Best Stall of 2013 VGGTS 2013 Finds a mention in the Limca Book o
Slide 31: Business Vertical Wise Revenue Breakups
Business Vertical Wise Revenue Breakups In ₹ Cr FY21 FY22 FY23 13.40 16.29 36.14 24.80 48.61 28.98 Tourism & Hospitality Exhibitions & Events Tourism & Hospitality Exhibitions & Events Tourism & Hospitality Exhibitions & Events Increasing Revenue from Tourism & Hospitality Segment is improving Profi
Slide 32: Business Insights
Business Insights In Nos In Nos Number Of Rooms Sold Number Of Meals Served 1,83,065 33,590 26,476 1,31,904 13,051 59,206 6,007 25,628 4,645 21,582 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Continues growth in Hospitality Segment except in FY21 due to COVID-19 Investor Presentation Previous
Slide 33: Growing Strength To Strength: Vision 2028
Growing Strength To Strength Vision 2028 Rooms 2,500 + Resort Locations 65 + Upcoming Hospitality Projects Number Of Rooms Under Construction Existing Rooms Projects 680+ 9 Under Planning Anticipated Projects Room Addition 5 1500+ Investor Presentation Previous 32 Next
Slide 34: Industry Overview
Industry Overview
Slide 35: Industry Trends
Industry Trends F0CUSED SECT0RS ➢ HOSPITALITY & TOURISM ➢ EVENTS & EXHIBITIONS HOSPITALITY & TOURISM ➢ 7.5% HOSPITALITY INDUSTRY DOMESTIC Current GDP Contribution IN INDIA (MARKET SIZE) TOURIST ARRIVALS (DAs) INDUSTRY TRENDS CAGR 4.73% ➢ 2021-22 - 610.22 million ➢ 2023 - USD 23.50 B ➢ 2022-23 - 677.
Slide 36: New Travel Trends
New Travel Trends Increase in all Travel Willingness to pay a India Fastest Growing Lesser number of Segment & green premium Increasing focus on Economy In the World trips shoots in for new / unique sustainability but longer stays International Travel experiences No compromise on Demand for flexibil
Slide 37: Industry Growth Drivers
Industry Growth Drivers 2 4 Capacity addition grew With economic recovery 1 at a CAGR of 10% over 3 and growth, the demand FY06- 16; outpacing Pandemic forced 5 for hotel rooms went up Industry occupancy has demand hoteliers to undertake from 25,000 rooms/day Revenge tourism, reached pre covid level
Slide 38: Financial Overview
Financial Overview
Slide 39: Q3 FY24 Performance Highlights
Q3 FY24 Performance Highlights All Figures In ₹ Cr Total Income EBITDA Net Profit 17.13 11.51 13.26 32.89 8.09 28.33 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 Q3 FY24 Investor Presentation Previous 38 Next
Slide 40: Consolidated Key Financial Highlights
Consolidated Key Financial Highlights In ₹ Cr In ₹ Cr Total Income Profitability EBITDA PAT 45.30 84.86 28.42 45.64 45.29 19.75 16.23 10.74 12.24 FY21 FY22 FY23 FY21 FY22 FY23 Operating Cash Flow In ₹ Cr Net Worth In ₹ Cr 112.46 25.27 15.20 6.61 27.60 19.05 FY21 FY22 FY23 FY21 FY22 FY23 Investor Pre
Slide 41: Q3 & 9M FY24 Performance
Q3 & 9M FY24 Performance In ₹ Cr Consolidated Standalone Consolidated Standalone Particulars Q3 FY24 Q3 FY23 Q3 FY24 Q3 FY23 9M FY24 9M FY23 9M FY24 9M FY23 Net Sales 33.07 28.38 32.89 28.33 59.07 65.70 58.89 65.66 Other Income 0.90 0.09 0.90 0.09 1.98 0.10 1.98 0.10 Total Income 33.97 28.47 33.79 2
Slide 42: Consolidated Key Ratios
Consolidated Key Ratios In ₹ In ₹ Earning Per Share Book Value 53.75 14.78 5.83 6.62 14.93 10.31 FY21 FY22 FY23 FY21 FY22 FY23 In % In % Improving Margins Improving Return Ratios EBITDA Net Profit 53.38 ROE ROCE 43.61 73.17 35.56 33.51 55.21 27.03 23.53 56.38 34.56 44.35 25.28 FY21 FY22 FY23 FY21 FY
Slide 43: Consolidated Key Ratios
Consolidated Key Ratios In Times In Times Debt To Equity Ratio Interest Coverage Ratio 56.80 0.12 44.21 34.14 0.05 0.00 FY21 FY22 FY23 FY21 FY22 FY23 In Times In Times Current Ratio Dividend Pay Out Ratio 4.94 68.61 60.42 3.87 2.57 30.74 FY21 FY22 FY23 FY21 FY22 FY23 Investor Presentation Previous 4
Slide 44: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement In ₹ Cr Particulars FY21 FY22 FY23 Revenues 45.31 45.25 84.48 Other Income 0.33 0.04 0.38 Total Income 45.64 45.29 84.86 Event & Site Expenses 22.56 17.75 28.98 Employee costs 3.78 4.77 6.64 Other expenses 3.07 3.02 3.94 Total Expenditure 29.41 25.54 39.56 EBITDA
Slide 45: Consolidated Balance Sheet
Consolidated Balance Sheet In ₹ Cr Equities & Liabilities FY21 FY22 FY23 Assets FY21 FY22 FY23 Equity 18.48 18.48 20.92 Non Current Assets Reserves 0.57 9.12 91.54 Fixed assets 5.40 10.34 42.14 Non Controlling Interests 0.00 0.00 Non Current Investments 0.09 0.09 0.10 Net Worth 19.05 27.60 112.46 Ot
Slide 46: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement In ₹ Cr Particulars FY21 FY22 FY23 Revenues 45.27 44.99 84.38 Other Income 0.43 0.04 0.38 Total Income 45.70 45.03 84.76 Event & Site Expenses 22.57 17.64 28.95 Employee costs 3.77 4.77 6.64 Other expenses 3.06 2.88 3.92 Total Expenditure 29.40 25.29 39.51 EBITDA 1
Slide 47: Standalone Balance Sheet
Standalone Balance Sheet In ₹ Cr Equities & Liabilities FY21 FY22 FY23 Assets FY21 FY22 FY23 Equity 18.48 18.48 20.92 Non Current Assets Reserves 0.67 9.20 91.57 Fixed Assets 5.40 10.60 41.47 Net Worth 19.16 27.69 112.49 Non-current Investments 0.21 0.21 0.22 Non Current Liabilities Long Term Borrow
Slide 48: Thank You
THANK YOU 214 Athena Avenue, Behind Jaguar Showroom, S. G Highway, Gota, Ahmedabad – 382 481. Email: info@praveg.com Phone: +91-79-27496737, 27494266 Website: www.praveg.com 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604. Email: info@kirinadvisors.com Phone: 022 4100 2455 Website: www.