Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q3 FY2021 Earnings Presentation
34 slides from Prestige Estates Projects's earnings presentation, 2021
Slide 1: Investor Presentation Q3FY21 / 9MFY21
Pictures shot at location, Prestige Group Development INVESTOR PRESENTATION Q3FY21 / 9MFY21 Pictures shot at location, Prestige Song of the south
Slide 2: Index
ABOUT PRESTIGE SCALE | BOARD | BUSINESS MODEL KEY HIGHLIGHTS Q3/9MFY21 SEGMENT REVIEW RESIDENTIAL | OFFICE | MALLS |HOTELS | PROPERTY MGT. INDEX Pictures shot at location, Prestige Group Development 2
Slide 3: Operational Highlights | Q3FY21
OPERATIONAL HIGHLIGHTS|Q3FY21 SALES VALUE Launch ₹20,260 Volume- 2.98 mn sf 3.15 Prestige Tranquil Mn Avg. Realization- ₹6,790 Mn sf Prestige Windsor Park PG share- ₹ 15,752 mn COLLECTIONS Rental Income ₹14,303 PG share- ₹ 11,278 mn ₹2,172 Leased- 0.02 mn sf Mn Mn Pictures shot at location, Prestige
Slide 4: Operational Highlights | 9MFY21
OPERATIONAL HIGHLIGHTS|9MFY21 SALES VALUE Launch ₹36103 Volume- 5.04 mn sf 7.11 Prestige Tranquil Mn Avg. Realization- ₹6,682 Mn sf Prestige Windsor Park Prestige Primrose Hills PG share- ₹ 28,116 mn Prestige Waterford Prestige Ocean Crest COLLECTIONS Rental Income ₹33,076 PG share- ₹ 26,133 mn ₹621
Slide 5: Financial Highlights | Q3FY21
FINANCIAL HIGHLIGHTS|Q3FY21 ₹19,282 REVENUE ₹5,282 EBITDA Mn Mn 27.39% ₹878 PAT EBITDA Margins Mn 4.55% Pictures shot at location, Prestige Group Development PAT Pictures shot at location, Prestige Sunrise Park 5
Slide 6: Financial Highlights | 9MFY21
FINANCIAL HIGHLIGHTS|9MFY21 ₹51,412 ₹15,667 REVENUE EBITDA Mn Mn 30.47% ₹2,016 EBITDA Margins PAT Mn 3.92% Pictures shot at location, Prestige Group Development PAT Pictures shot at location, Prestige Whitemedows 6
Slide 7: Business Vertical Review
Business Vertical Review 9M 2020-21 Office Retail Hospitality Services Residential Total Revenue 5,544 1,815 664 3,976 35,889 47,888 EBITDA 5,177 764 (197) 979 5,358 12,081 EBITDA % 93% 42% -30% 25% 15% 25% Depreciation 1,240 565 1,108 55 1 2,969 EBIT 3,937 199 (1,305) 924 5,357 9,112 EBIT % 71% 11%
Slide 8: Debt Profile: DER at 1.47x
Debt Profile 10% 13% 10% Project Debt - Resi DER at 1.47x Office Capex 10% Hospitality Capex Net Debt stood at ₹ 84,645 mn, Retail Capex with avg. cost borrowing at Rental Securitisation Loans 1% 9.3% Networth at ₹ 57,427 mn. Receivables discounting loans 58% 8
Slide 9: Residential Segment
119 Projects CRISIL DA1 89 mn sf Graded Projects Residential Segment COMPLETED 31 Projects 12 Projects 38 mn sf 31 mn sf ONGOING UNDER PLANNING Cash flow of HDFC W W W . T U L A V E . C O M Rs 136,128 mn Capital Development Platform 9
Slide 10: Ongoing Projects
Ongoing Projects S.No. Project City/State TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Botanique Bengaluru 0.10 55.00 0.06 2 Prestige Dolce Vita Bengaluru 0.16 60.00 0.10 3 Prestige Elysian Bengaluru 1.11 30.60 0.34 4 Prestige Fairfield Bengaluru 0.54 27.03 0.15 5 Prestige Finsb
Slide 11: Ongoing Projects
Ongoing Projects S.No. Project City/State TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 16 Prestige Vista Towers Bengaluru 0.26 51.00 0.13 17 Prestige Waterford Bengaluru 1.75 60.00 1.05 18 Prestige Willow Tree Bengaluru 0.91 62.00 0.57 19 Prestige Woodland Park Bengaluru 0.38 50.00 0.19 20
Slide 12: ₹69,171 Mn cash flow from Under construction Projects
₹69,171 Mn cash flow from Under construction Projects Particulars Area in Mn Sft ₹ Mn % Total Developable Area 85.06 Car Park Area 22.95 Total Saleable Area 62.10 PG area share 48.00 Estimated Value 3,23,306 Sold 34.57 2,36,154 72 Collections 1,88,983 Balance to collect 47,172 Stock 13.42 87,152 28
Slide 13: Projects Under Planning – 31 mn sf TDA
Projects Under Planning – 31 mn sf TDA S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Glenbrook Bengaluru 0.58 100.00 0.58 2 Prestige Green Gables Bengaluru 0.72 60.00 0.43 3 Prestige Maple Heights Bengaluru 0.28 65.00 0.18 4 Prestige Misty Waters- Phase I
Slide 14: ₹66,957 Mn cash flow from Under Planning Projects
₹66,957 Mn cash flow from Under Planning Projects Particulars Area in Mn Sft ₹ Mn Total Developable Area 30.92 Car Park Area 6.51 Total Saleable Area 24.41 PG area share 20.07 Estimated Value-A 1,61,752 Cost of Development 1,06,178 Incurred as of Q3F21 10,458 Balance to spend-B 95,720 RD Paid-C 925
Slide 15: Office Portfolio
OFFICE PORTFOLIO Projects Completed 01 112 Projects 36.22 mn sft Under construction 02 11 Projects 14.65 mn sft Under Planning 03 14 Projects 22.29 mn sft Annuity income pa 04 ₹ 31,319 mn Potential ₹ 7,234 mn from yielding *Post Deal Numbers 15
Slide 16: Operating Assets
Operating Assets S.No. Project Name Leasable Area Interest (%) PG Interest (MnSf) Rent P.A. 1 Cessna (B1 to B9 & B11) 3.68 85.00 3.13 2,211 2 Cessna (B10) 0.48 85.00 0.41 397 3 Exora Business Park -Phase I-III 2.14 100.00 2.14 1,706 4 Prestige Logistic Centre 0.38 100.00 0.38 83 5 Prestige Polygon 0
Slide 17: Ongoing Projects – 15 mn sf TDA
Ongoing Projects – 15 mn sf TDA S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Tech Cloud Bengaluru 4.65 86.00 4.00 2 Prestige Minsk Square Bengaluru 0.58 55.00 0.32 3 Prestige Summit Bengaluru 0.19 50.00 0.09 4 Prestige Tech Pacific Park Bengaluru 1.65 62
Slide 18: Upcoming Projects – 29 mn sf TDA
Upcoming Projects- 29 mn sf TDA S.No. Project State/City TDA in Mn Sft Economic Interest Prestige Share (Mnsft) 1 Prestige Beta Bengaluru 4.07 80.00 3.25 2 Prestige Capital Square Bengaluru 0.16 65.00 0.11 3 Prestige Smart City Bengaluru 0.53 60.00 0.32 4 Prestige Southwark Bengaluru 1.64 69.70 1.14
Slide 19: Retail Portfolio
RETAIL PORTFOLIO Projects Completed 01 10 Projects 7.08 mn sft Under construction 02 3 Projects 2.56 mn sft Under Planning 03 3 Projects 3.17 mn sft Annuity income pa 04 ₹ 5904 mn Potential ₹ 3389 mn from yielding *Post Deal Numbers 19
Slide 20: Operating Assets
Operating Assets S.No. Project Name Leasable Area Interest (%) PG Interest (MnSf) Rent P.A. 1 Forum Sujana Mall Hyderabad 0.81 100.00 0.81 0.81 992 2 Forum Fiza Mall 0.66 68.00 0.45 0.45 204 3 Forum Vijaya Mall 0.64 50.00 0.32 0.32 413 4 Forum Mall Shantiniketan 0.64 64.90 0.42 0.42 387 5 Forum Cele
Slide 21: Ongoing and Upcoming Retail Projects
Ongoing Projects- 3 mn sf TDA Upcoming Projects- 3 mn sf TDA Projects Location TDA PGS% PGS Projects Location TDA PGS% PGS Falcon City Forum Mall Bengaluru 1.27 35.70 0.45 Forum One OMR Chennai 1.45 47.60 0.69 Forum Thomsun Kochi 1.06 50.00 0.53 Forum Neighbourhood Mall Kochi 0.52 70.00 0.36 Forum R
Slide 22: Hospitality Segment
Projects Completed Projects under construction 01 02 2,858 KEYS, 8 Projects 2 Projects 1,262 KEYS 1,229 KEYS Hospitality Segment Projects under planning Income Potential 03 04 4 Projects Rs 5,813 mn PGS 367 KEYS Yielding Rs 3,275 mn PGS 22
Slide 23: Ongoing Projects 1229 Keys, Upcoming Projects 367 Keys
Ongoing Projects- 1229 Keys Upcoming Projects- 367 Keys Projects Location Keys PGS% PGS% Projects Location Keys PGS% PGS Prestige Hillside Retreat- Tribute Portfolio Bengaluru 102 100.00 102 JW Marriott Hotel Bengaluru 297 100.00 297 MOXY Chennai OMR Chennai 125 70.00 88 DIAL Delhi 932 50.00 466 Tri
Slide 24: Property Management Portfolio
PROPERTY MANAGEMENT PORTFOLIO ₹ 4500+ Mn ₹ 10,000Mn Revenue Incremental Per Annum Revenue Per Annum 11 Locations 250+ mn sft Pictures shot at location, Prestige Group Development Across Asset Total Area class and management services near term 24
Slide 25: Land Bank
Land Bank S.No. Entity Name Location (Acres) Interest Share (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi,Bengaluru 143 100% 143 2 Village De Nandi Pvt Ltd Bengaluru 25 100% 25 3 Eden Investments Goa 74 78% 58 4 Prestige Estates Projects Ltd Chennai 20 66% 13 Total 262 239 Potential Developable
Slide 26: Summary of Annuity Portfolio
Summary of Annuity Portfolio Area in Mnsqft Value in ₹ Million 1. OFFICE Values Based on current rental rates And excludes rentals from property mgt portfolio Value in ₹ Million OPERATING ONGOING UPCOMING TOTAL GLA 12.33 6.87 22.15 41.35 Economic Interest 10.23 4.79 14.68 29.70 Rentals p.a. ₹ 9,403
Slide 27: 34+ Years of trust
34+ Years Of trust… Residential | Office | Shopping Malls | Hospitality | Property Management 27
Slide 28: 249 Projects completed since inception
249 Projects across 135 mn sf Completed since inception CRISIL DA1 Residential | Office | Shopping Malls | Hospitality | Property Management
Slide 29: Scale of operation | Summary
Scale of operation | Summary Area In mn sf Area in mn sf Residential Commercial Retail Hospitality Plotted Development Total Particulars Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects 111 81.97 112 36.22 10 7.08 8 2.56 8 7.42 249 135.25 Ongoing Projects 30 37.07 11 14
Slide 30: Board
Board Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Whole-time Director Whole-time Director Dr. Pangal Ranganath Nayak Neelam Chhiber Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Independent Independent Independent Independent Independent
Slide 31: Executive Management
Executive Management Faiz Rezwan Zaid Sadiq Anjum Jung Zayd Noaman Executive Director- Executive Director- Executive Director- Interior Executive Director- CMD’s Office Contracts & Projects Liasion & Hospitality Design Omer Bin Jung Nayeem Noor Zackria Hashim Venkat K Narayan Executive Director- Hos
Slide 32: Executive Management
Executive Management Suresh Singaravelu Swaroop Anish Arvind Pai Executive Director- Retail, Executive Director- Business Executive Director- Legal Hospitality Development V.V.B.S. Sarma Lt. Col. Milan Khurana (Retd.) V. Gopal Chief Financial Officer Executive Director – HR, IT & Admin Executive Dir
Slide 33: 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 34: Thank You
Pictures shot at location, Prestige Song of the south Thank You WE HAVE MOVED TO OUR NEW OFFICE For any queries Please contact, E: investors@prestigeconstructions.com Registered Office- No. 19, Brunton Road,( Off M.G Road ) Bangalore 560 025 Landmark- Trinity Metro Station T: +91 -80 –25001 248, F:
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