Peninsula Land Limited · NSE:PENINLAND
Peninsula Land — Q3 FY2015 Earnings Presentation
28 slides from Peninsula Land's earnings presentation, 2015
Slide 1: Results Presentation | Q3, FY 2015
Results Presentation | Q3, 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 18.6 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 4 1.5 2 1.2 Pune 1 0.5 2 12.3 Bengaluru 1 0.6 1 0.6 A
Slide 5: Business Updates
Business Updates [=]
Slide 6: Business Updates in Q3 FY 15
Business Updates in Q3 FY 15 Financial Performance Revenue – Rs. 99 Crs Q3 FY 15 V/s Rs. 87 Crs Q3 FY 14 EBITDA - Rs. 41 Crs Q3 FY 15 V/s Rs. 30 Crs Q3 FY 14 PAT - Rs. 3 Crs Q3 FY 15 V/s Rs. 16 Crs Q3 FY 14 New Sales Bookings / Collections Sold 163,049 ft during Q3 FY15 as against 98,022 sq ft durin
Slide 7: Financials Overview
Financials Overview [=]
Slide 8: Key financial snapshot (standalone)
Key financial snapshot (standalone) For the quarter ended For the quarter For the quarter Particulars (Rs. Cr) 31.12.14 ended 30.09.14 ended 31.12.13 Income Statement Income from Operations 99 87 87 Profit before interest & Tax 39 41 27 PBT 2 2 4 Tax Provision (0.3) (0.9) (11.7) PAT 3 3 16 Balance S
Slide 9: Profit and Loss (standalone)
Profit and Loss (standalone) Nine Months Nine Months P&L Snapshot (Rs. Cr) Q3FY15 Q3FY14 FY15 FY14 Income Total Income from operations (Gross) 64.8 65.5 159.9 187.9 Other Income 33.7 21.2 90.3 84.0 Total Revenue 98.5 86.7 250.2 271.9 Expenses a) Cost of Realty Sales 35.3 34.0 72.8 67.9 b) Employee B
Slide 10: Debt profile
Debt profile Particulars (Rs. Cr) 31.12.14 30.09.14 31.03.14 Standalone Total Debt 1,702 1,705 1,290 Less: Cash & Cash equivalents 110 110 222 Net Debt 1,592 1,595 1,068 Net Worth 1,532 1,530 1,532 Debt Equity – Gross Borrowing (x) 1.11 1.11 0.84 Debt Equity – Net Borrowing (x) 1.04 1.04 0.70 ICRA a
Slide 11: Projects Overview
Projects Overview [=]
Slide 12: Bishopsgate
Bishopsgate Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 50% KBK Group 86 Nos. Area Avg. Sales Of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) (Rs.Cr) Construction % Sales sq ft ) (Rs./sqft) Milestone Completion Q1, FY 15 0 - - - - Q2, FY 15 1 8 59 75,738 - Till Q1,
Slide 13: Celestia Spaces (PLL Share)
Celestia Spaces (PLL Share) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 100% - 479 Nos. Area Avg. Sales of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) Construction % Sales (Rs.Cr) sq ft ) (Rs./sqft) Milestone Completion Q1, FY 15 8 13 29 22,358 4 Q2, FY 15 4 6 16 2
Slide 14: Carmichael Road
Carmichael Road Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 40% KBK Group 136 Nos. Area Avg. Sales of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) Construction % Sales (Rs.Cr) sq ft ) (Rs./sqft) Milestone Completion Q1, FY 15 - - - - - Q2, FY 15 - - - - - Till Q1, F
Slide 15: New Great Eastern, Byculla
New Great Eastern, Byculla Saleable PLL Area Location Share JV Partner (000’s sq ft.) Byculla, 57% PREI Fund 776 Mumbai Nos. Area Avg. Sales of Sold Reali- Collection Value Construction % Sales units (‘000 zation (Rs. Cr) (Rs.Cr) Milestone Completion sq ft ) (Rs./sqft) Q1, FY 15 - - - - - Q2, FY 15
Slide 16: Ashok Meadows (Phase 1)
Ashok Meadows (Phase 1) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Peninsula Hinjewadi, 55% Realty Fund 498 Pune & Clover Nos. Area Avg. Sales of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) Construction % Sales (Rs.Cr) sq ft ) (Rs./sqft) Milestone Completion Q1, FY 15 28
Slide 17: Ashok Heights, JP Nagar
Ashok Heights, JP Nagar Saleable PLL Area Location Share JV Partner (000’s sq ft.) Peninsula Bengaluru 80% 618 Realty Fund Nos. Area Avg. Sales of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) Construction % Sales (Rs.Cr) sq ft ) (Rs./sqft) Milestone Completion Q1, FY 15 - - - - - Q2, FY
Slide 18: Ashok Astoria
Ashok Astoria Saleable PLL Area Location Share JV Partner (000’s sq ft.) Nashik 100% - 589 Area Avg. Sales Nos. of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) Construction % Sales (Rs.Cr) sq ft ) (Rs./sqft) Milestone Completion Q1, FY 15 7 9 4 4,284 4 Q2, FY 15 4 7 3 4,442 3 Till Q1, FY
Slide 19: Ashok Nirvaan
Ashok Nirvaan Saleable PLL Area Location Share JV Partner (000’s sq ft.) Peninsula Lonavala 25% 352 Realty Fund Nos. Area Avg. Sales of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) (Rs.Cr) Construction % Sales sq ft ) (Rs./sqft) Milestone Completion Q1, FY 15 - - - - 1 Q2, FY 15 - - - -
Slide 20: Ashok Beleza
Ashok Beleza Saleable PLL Area Location Share JV Partner (000’s sq ft.) Peninsula Goa 58% 247 Realty Fund Nos. Area Avg. Sales Of Sold Reali- Collection Value units (‘000 zation (Rs. Cr) Construction % Sales (Rs.Cr) sq ft ) (Rs./sqft) Milestone Completion Q1, FY 15 3 5 3 5,901 2 Q2, FY 15 2 5 3 5,89
Slide 21: Summary of Ongoing projects and inventory - FY 2015
Summary of Ongoing projects and inventory - FY 2015 Up to last Quarter Q3 Total PLL Avg. No. Avg. No. Avg. Collection Projects Share No. Area Sales Area Sales Area Sales (Rs. Crs) Reali- of Reali- of Reali- (%) of Sold Value Sold Value Sold Value in Q3 zation units zation units zation units sq ft Rs
Slide 22: Summary of Ongoing projects – till Dec '14 (cumulative)
Summary of Ongoing projects – till Dec ‘14 (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 86 Mumbai 50% 55 408 74,849 161 Celestia Spac
Slide 23: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects Balance Balance Sale Revenue Revenue Area Work Revenue Value of % of Sales to be PLL to be Project Sold Completion Recognized Area Sold Complete Recognized Share Recognized (sq ft ‘000s) (Rs. Cr) (Rs. Cr) on sale portion PLL Share (Rs. Cr) (Rs. Cr) Bishopsg
Slide 24: 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 NapeanSea Road 49 Mumbai JV 78% 124 Realty Fund Mahadeopura 631 Bengaluru Owned
Slide 25: Annuity income and completed inventory
Annuity income and completed inventory Annuity Income Project Type Area (sqft) Rentals (Rs. Cr) Q1 Q2 Q3 Piramal Chambers 91,000 4 4 4 Piramal Chambers 39,000 2 2 2 Peninsula Business Park* 30,000 1 1 1 Total 160,000 7 7 7 *Leased out portion of Peninsula Business Park to Rabobank, has been sold in
Slide 26: Planned launch schedule and current status
Planned launch schedule and current status Area Size Planned Projects City Present status (sq ft In ‘000s) Launch Schedule* Work started. JP Nagar Bengaluru 618 Q2FY15 Sales launched Tathavade Pune 772 Q3FY15 Exploring Exit Ashok Meadows, Hinjewadi Pune 800 Q3FY15 On track (Phase II) Work started. C
Slide 27: 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 28: Thank You
[=] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP