Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q1 FY2017 Earnings Presentation
35 slides from Peninsula Land's earnings presentation, 2016
Slide 1: Results Presentation Q1, FY 2017
Results Presentation Q1,FY 2017
Slide 2: Company overview
Company overview Focus on 3 cities Trusted Brand Fully Paid-for land Focus on Execution Mumbai, Pune and Strong existing clientele Bangaluru 18 Years Pioneer in Mumbai real estate market Of track record of First retail mall in the city real estate development First textile mill re-development projec
Slide 3: 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 4 1.5 2 1.2 Pune 1 0.5 2 12.3 Bengaluru 1 0.6 1 0.6 A
Slide 4: Project Status of Ongoing Projects
Project Status of Ongoing Projects Planned Date of completion 78% BishopsGate, Mumbai 85 Q4 FY 17 Celestia Spaces (PLL 20% Share), Mumbai 490 Q4 FY19 Carmichael Residences, 71% Mumbai 146 Q4 FY 18 Ashok Serenity Byculla, 2% Mumbai 786 Q2 FY 21 Ashok Meadows (Phase 83% 1), Pune 507 Q4 FY 16 Peninsula
Slide 5: Business Updates
Business Updates i)
Slide 6: Business Updates in Q1 FY 17
Business Updates in Q1 FY 17 New Sales Bookings / Collections Sold 72,090 Sq ft during Q1 FY17 as against 55,381 sq ft during Q1 FY 16 Recorded new sales value of Rs. 99 Cr during Q1 FY17, as against Rs. 66 Cr during Q1 FY 16 Collections were at Rs. 123 Cr for Q1 FY 17, as against Rs. 75 Cr during Q
Slide 7: Financials Overview
Financials Overview i)
Slide 8: Key financial snapshot (standalone)
Key financial snapshot (standalone) Particulars (Rs. Cr) Q1FY17 Q1FY16 FY16 Income Statement Income from Operations 24 47 110 Profit before interest & Tax 38 36 124 PBT 5.4 (2.7) (5.0) Tax Provision 3.9 (0.8) (0.7) PAT 1.5 (1.9) (4.3) Note: The Financial Results for the quarter ended June 30,2016 ha
Slide 9: Profit and Loss (standalone)
Profit and Loss (standalone) P&L Snapshot (Rs. Cr) Q1FY17 Q1FY16 Income Total Income from operations (Gross) 24.2 47.1 Other Income 50.9 47.7 Total Revenue 75.1 94.8 Expenses a) Cost of Realty Sales 51.5 37.2 b) Changes in inventories of FG, WIP & stock-in-trade (42.7) (2.4) c) Employee Benefit expe
Slide 10: Debt profile
Debt profile Particulars (Rs. Cr) 30.06.16 31.03.16 Standalone Total Debt 1,854 1,765 Less: Cash & Cash equivalents 115 66 Net Debt 1,739 1,699 Net Worth 1,692 1,690 Debt Equity – Gross Borrowing (x) 1.10 1.04 Debt Equity – Net Borrowing (x) 1.03 1.01 ICRA and Brickworks A rating for long term loan
Slide 11: Projects Overview
Projects Overview i)
Slide 12: Details of Ongoing Projects - Q1 FY 2017
Details of Ongoing Projects - Q1 FY 2017 Avg. PLL Area Sales Collection No. of Units Reali- Projects Share Sold Value (Rs. Crs) Sold zation (%) sq ft Rs. Cr in Q1 Rs./sqft Bishopsgate 50% - - - - 3 Celestia Spaces(PLL Share) 100% 8 15,142 35 23,073 11 Carmichael Residences 40% - - - - 66 Ashok Seren
Slide 13: Summary of Ongoing projects – till Jun '16 (cumulative)
Summary of Ongoing projects – till Jun ‘16 (cumulative) Saleable Area Sold Average PLL Share Sales Value Collections Projects Area (sq ft Location (sq ft in Realization (%) (Rs. Cr) (Rs. Cr) in 000’s) 000’s) (Rs. / sq ft) Residential-Ongoing Bishops Gate 85 Mumbai 50% 70 517 73,805 243 Celestia Spac
Slide 14: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects PLL Share Sale Area Work Value of % of Sales Balance Project Sold Completion Area Sold Complete Revenue Revenue (sq ft ‘000s) % Revenue (Rs. Cr) Recognized to be Recognized Bishopsgate 70 517 82% 78% 50% 259 198 61 Celestia Spaces-PLL Share 150 346 31% 20%
Slide 15: Project pipeline
Project pipeline Saleable Area Development Land cost* Projects Location PLL Share (%) JV Partner (sq ft In ‘000s) Model (Rs. Cr) PMC of 8% + Celestia Spaces, Sewree Phase 2 1,200 Mumbai JV - Bhattads JV of 18% Peninsula Realty NapeanSea Road 49 Mumbai JV 78% 124 Fund Mahadeopura 631 Bengaluru Owned
Slide 16: Bishopsgate
Bishopsgate PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 50% KBK Group 85 Nos. Area Sales Avg. Construction % Sales Collection Of units Sold Value Realization Milestone Completion (Rs. Cr) (‘000 sq ft ) (Rs.Cr) (Rs./sqft) Till Q1, FY 17 78% 82% Q1, FY 17 - - - - 3 Till Date 9 70
Slide 17: Bishopsgate-Current status
Bishopsgate-Current status March 2016 CURRENT STATUS Duplex 6 floor in progress Duplex 7 floor - Completed 17
Slide 18: Celestia Spaces (PLL Share)
Celestia Spaces (PLL Share) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 100% - 490 Nos. Area Avg. Sales Construction % Sales of Sold Reali- Collection Value Milestone Completion units (‘000 zation (Rs. Cr) (Rs.Cr) sq ft ) (Rs./sqft) Till Q1, FY 17 20% 31% Q1, FY 17 8 15 35 23,0
Slide 19: Celestia Spaces-Current Status
Celestia Spaces-Current Status March 2016 CURRENT STATUS 19
Slide 20: Carmichael Residences
Carmichael Residences PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 40% KBK Group 146 Nos. Sales Avg. Construction % Sales Area Sold Collection of units Value Realization Milestone Completion (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 17 71% 43% Q1, FY 17 - - - - 66 Ti
Slide 21: Carmichael Residences-Current Status
Carmichael Residences-Current Status March 2016 CURRENT STATUS P2 Slab in Progress 2nd Residential Floor in Progress P2 Slab in Progress 21
Slide 22: Ashok Serenity, Byculla
Ashok Serenity, Byculla PLL Saleable Area Location Share JV Partner (000’s sq ft.) Byculla, 57% PREI Fund 786 Mumbai Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 17 7 11 33 28,323 15 Till Da
Slide 23: Ashok Serenity, Byculla - Current Status
Ashok Serenity, Byculla - Current Status Mar 2016 CURRENT STATUS Internal Road work done Nearby South-East Corner South Side On East Side On North Side Demolition Completed Capping beam work 23
Slide 24: Ashok Meadows (Phase 1)
Ashok Meadows (Phase 1) PLL Saleable Area Location Share JV Partner (000’s sq ft.) Hinjewadi, Peninsula Realty 55% 507 Pune Fund & Clover Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 17 5 7
Slide 25: Ashok Meadows (Phase 1)-Completed Status - Actual Pics
Ashok Meadows (Phase 1)-Completed Status - Actual Pics 25
Slide 26: Peninsula Heights, JP Nagar
Peninsula Heights, JP Nagar PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Bengaluru 80% 622 Realty Fund Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 17 5 24 23 9,373 1
Slide 27: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status March 2016 CURRENT STATUS Tower A – 16th Residential floor in progress Tower B – 1st floor level slab under progress 27
Slide 28: Ashok Astoria
Ashok Astoria PLL Saleable Area Location Share JV Partner (000’s sq ft.) Nashik 100% - 589 Nos. Sales Avg. Area Sold Collection of units Value Realization Construction % Sales (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Milestone Completion Q1, FY 17 9 11 5 4,102 3 Till Date 208 333 118 3,540 94 Till
Slide 29: Ashok Astoria-Current Status
Ashok Astoria-Current Status CURRENT STATUS Row House and Town House Buildings Row House and Town House Buildings Club House CURRENT STATUS Amenity Building Building 2B Amphi theater & Lily Pond 29
Slide 30: Ashok Nirvaan
Ashok Nirvaan PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Lonavala 25% 352 Realty Fund Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 17 - - (1) - 3 Till Q1, FY 17 53%
Slide 31: Ashok Nirvaan-Current Status
Ashok Nirvaan-Current Status CURRENT STATUS Villa No-29 Villa No-45 Villa No-51 Villa No-1 Villa No-2 Villa No-36 31
Slide 32: Ashok Beleza
Ashok Beleza PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Goa 58% 247 Realty Fund Nos. Sales Avg. Construction % Sales Area Sold Collection of units Value Realization Milestone Completion (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 17 1 3 2 5,600 2 Till Q1, FY 17 86% 25%
Slide 33: Ashok Beleza-Current Status
Ashok Beleza-Current Status CURRENT STATUS Sales office and Show Villa 3BHK & C1,2,3 Town house - Plot B Apartment – C1 & C2 Club House Apartments – C3 33
Slide 34: 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 35: Thank You
[a] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP