Puravankara Limited · NSE:PURVA
Puravankara — Puravankara Projects — Investor Presentation (March 2013)
31 slides from Puravankara's investor presentation, March 2013
Slide 1: Puravankara Projects Limited
Results – 31 Mar 2012 Puravankara Projects Limited March 2013
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Projects Limited (the “Company”) solely for information purposes, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed, redistrib
Slide 3: Overview
Overview • Deep domain knowledge of 38 years of the Promoter Mr. Ravi Puravankara, and his team have established Puravankara as a developer of repute; • Amongst South India’s leading real estate developer with an established presence in residential segment comprising of luxury and premium affordable
Slide 4: Puravankara has well defined plays in the right markets
Puravankara has well defined plays in the right markets Improving demand in South India market • Leveraging on the IT demand of Bengaluru, infrastructural progress of Hyderabad and industrial growth in Chennai New launches Net Absorption Absorption rate 20,000 20.0% • Also present in upcoming cities
Slide 5: Strong business model
Strong business model Geographical presence Land Bank Diversified • Economies of scale through • Capitalize on existing land bank with • Product offerings spanning luxury to established presence in South India revenue visibility thereon premium affordable • Rapidly expanding the offerings in the • L
Slide 6: Key investment highlights
Key investment highlights 12 South India Real Estate market – significant growth potential 22 Land bank across various established micro-markets in major cities across South India 32 Premium affordable housing through the Provident brand 42 Comprehensive development capabilities 52 Diversified portf
Slide 7: South India — an attractive real estate market
12 South India — an attractive real estate market Large infrastructure projects to improve the quality of urban living in the region are ongoing Upgradation of road network, flyovers and construction of metro facilities, development of greenfield international airport across our markets Townsh
Slide 8: Land bank across various established micro-markets
22 Land bank across various established micro-markets Land portfolio • Puravankara is one of South India’s established realty brands • Land bank primarily spread across 7 key cities in South India • Project size ranging from c.0.1mm sq.ft. to over 6mm sq.ft. depending on demand and markets Kolkata P
Slide 9: Premium Affordable housing through Provident Brand
32 Premium Affordable housing through Provident Brand • Established Provident Housing Limited in 2008 to create mid and mass housing projects comprising quality affordable apartments in response to burgeoning demand for mid-income housing • Affordability is a combination of – Efficient design improv
Slide 10: Comprehensive development capabilities
42 Comprehensive development capabilities • Operations spanning all aspects of real estate development, from the identification and acquisition of land, to the planning, execution, marketing and after-sales of projects • Helps in brand creation for the company • 925 employees1 across functions inclu
Slide 11: Diversified portfolio
52 Diversified portfolio Ongoing development By geography By segment Mangalore 1.2% Kolkata 3.2% Hyderabad 1.0% Coimbatore 7.3% Kochi 7.4% Provident Puravankara* Bengaluru 40.7% 59.3% Chennai 52.5% 27.4% Total=25.2 mm sq. ft. Total=25.2 mm sq. ft. Upcoming development By geography By segment Coimbat
Slide 12: Summary financial performance
62 Summary financial performance Steady growth in revenues Robust profitability Positive cash flows 8,155 8,325 EBITDA EBITDA margin Revenue (INR mm) Cash Flow from Operations (INR mm) (%) (INR mm) 5,000 60% 920 860 5,999 3,894 4,010 50% 4,784 4,000 555 4,449 418 2,823 40% 3,000 30% 2,000 1,693 1,36
Slide 13: Dedicated and experienced management team
Dedicated and experienced management team – 72 committed to best practices of corporate governance Executive team Ravi Ashish Nani R. Jackbastian Anil Kumar A Puravankara Puravankara Choksey Kaitan Chief Financial Chairman and Joint Deputy Nazareth Officer Managing Managing Managing Group Chief Dire
Slide 14: Key highlights
Key highlights Focused residential developer in high growth markets Residential developer Established realty brand in south India Extensively engaged across the entire real estate spectrum from luxury to premium affordable Value chain presence Comprehensive development capability to maximize
Slide 15: Corporate strategy
Corporate strategy • Replenish land bank at strategic locations across south India • Continue to enhance our brand and reputation by focusing on our execution capabilities and delivering value to our customers • Focus on the expansion of our premium affordable housing projects under our Provident br
Slide 16: Appendix
Appendix • Project Details • Historical Financial Information • Awards and recognitions • Project location map • Select projects 16
Slide 17: Current Project Status–31 Dec 2012
Current Project Status–31 Dec 2012 Project Asset type Developable area Mn Sft Saleable area Mn Sft Area sold till Dec 2012 Completed Bengaluru Residential /Commercial 11.32 10.55 10.01 Chennai Residential 0.01 0.01 0.01 Kochi Residential 0.27 0.27 0.09 Mumbai Residential 0.14 0.10 0.10 Total Puravan
Slide 18: Current Project Status–31 Dec 2012 (cont’d)
Current Project Status–31 Dec 2012 (cont’d) Project Asset type Developable area Mn Sft Saleable area Mn Sft Area sold till Dec 2012 Upcoming Bengaluru Residential 17.25 10.01 – Chennai Residential 3.31 3.31 – Kochi Residential 7.11 7.11 – Total Puravankara 27.68 20.44 – Bengaluru Residential 3.14 2.
Slide 19: Audited consolidated financial statement
Audited consolidated financial statement Income statement Financial year ended 9 months ended in INR mm 31-Mar-11 31-Mar-12 31-Dec-12 Revenue from operations Revenue from projects 5,935 8,104 8,197 Other operating revenues 62 41 113 Other income 2 10 15 Total 5,999 8,155 8,325 A Material and contrac
Slide 20: Audited consolidated financial statement (cont’d)
Audited consolidated financial statement (cont’d) Balance Sheet Financial year ended Period ended in INR mm 31-Mar-11 31-Mar-12 31-Dec-12 Shareholders' Funds 15,764 16,873 18,520 Non-current liabilities Long-term borrowings 5,172 6,209 8,160 Other long-term liabilities 23 3 10 Long-term provisions 4
Slide 21: Awards and achievements
Awards and achievements Awards for Provident projects Awards for Puravankara projects Purva Fountain Square Purva Windermere Welworth City Luxury Project of the Year at Most Admired Upcoming Popular Choice – Affordable Realty Excellence Awards, 2011 Project of the Year, 2013 at Housing of the Year,
Slide 22: Bengaluru location map
Bengaluru location map Note: Map not to scale Phase 1 for Provident Welworth has been completed; phases 2 and 3 are under construction 22
Slide 23: Chennai location map
Chennai location map Note: Map not to scale 23
Slide 24: Kochi location map
Kochi location map Note: Map not to scale 24
Slide 25: Coimbatore location map
Coimbatore location map Note: Map not to scale 25
Slide 26: Select projects
Select projects Purva Fountainsquare 26
Slide 27: Select projects (cont’d)
Select projects (cont’d) Purva Venezia 27
Slide 28: Select projects
Select projects Purva Highlands 28
Slide 29: Select projects (cont’d)
Select projects (cont’d) Purva Riviera Purva Parkridge 29
Slide 30: Select projects (cont’d)
Select projects (cont’d) Provident Cosmos City Provident Welworth 30
Slide 31: THANK YOU
THANK YOU Puravankara Projects Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 31
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