Puravankara Limited · NSE:PURVA
Puravankara — Q1 FY21 Earnings Presentation
47 slides from Puravankara's earnings presentation, Sep 11, 2020
Slide 1: Outcome of Board Meeting letter
September 11, 2020 The General Manager – DCS, The Manager, Listing Operations-Corporate Services Dept. Listing Department, BSE Ltd. National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Rotunda Exchange Plaza, 5th Floor, Plot No. C/1, G Building, 'P J. Towers, Dalal Street, Fort, Block
Slide 2: Auditor's Review Report on Consolidated Results
.' 12th Floor S.R. BATLIBOI & ASSOCIATES LLP "UB City" Canberra Block No. 24, Vittal Mallya Road Chartered Accountants Benqaturu- 560001, India Tel: +91 8066489000 Independent Auditor's Review Report on the Quarterly Unaudited Consolidated Financial Results of the Company Pursuant to the Regulation
Slide 3: Auditor's Review Report (continued)
S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants Xl. Purva Star Properties Private Limited XII. Purva Sapphire Land Private Limited XIII. Purva Ruby Properties Private Limited xiv. Grand Hills developments Private Limited xv. Prudential Housing and Infrastructure Development Limited XVI. Jaganma
Slide 4: Auditor's Review Report: Other Matter
S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants 7. Other Matter The accompanying Statement of quarterly unaudited consolidated financial results include the financial results and other financial information in respect of: • 23 subsidiaries, whose unaudited interim financial results include tota
Slide 5: Statement of Unaudited Consolidated Financial Results Q1 FY21
PURAVANKARA LIMITED Corporate Identity Number (ClN): L45200KA1986PLC051571 Regd, Office: No. 130/1, Ulsoor Road, Bengaluru - 560042, India Phone: +91-80-43439999 Fax: +91-80-2559 9350 Email: investors@puravankara.com Website: http://www.puravankara.com Statement of Unaudited Consolidated Financial R
Slide 6: Notes to Consolidated Financial Results
Statement of Unaudited Consolidated Finnncial Results of Puravanknra Limited for the quarter ended June 30,2020 Notes: The above consolidated financial results of Puravankara Limited (,the Company') have been reviewed by the Audit Committee and approved at the meeting of the Board of Directors of th
Slide 7: Auditor's Review Report on Standalone Results
12th Floor S.R. BATUBOI s ASSOCIATES LLP "UB City" Canberra Block No. 24, Vittal Mallya Road Chartered Accountants Bengaluru . 560001, India Tel: +91 80 6648 9000 Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33
Slide 8: Auditor's Review Report: Emphasis of Matter
S.R. BATLIHOI & ASSOCIATES LLP Chartered Accountants 5. Emphasis of Matter We draw attention to the following notes to the accompanying financial results: (i) Note 3 in connection with the wholly-owned subsidiary being subject to an ongoing litigation. Pending resolution of the litigation, based on
Slide 9: Statement of Unaudited Standalone Financial Results Q1 FY21
PURAVANKARA LIMITED Corporate Identity Num ber (CIN): L45200KA 1986PLC051571 Regd. Office: No. 130/1, Ulsoor Road, Bengaluru - 560042, India Phone: +91-80-43439999 Fax: +91-80-2559 9350 Email: investors@puravankara.com Website: http://www.puravankara.com Statement of Unaudited Standalone Financial R
Slide 10: Notes to Standalone Financial Results
Statement of Unaudited Standalone Financial Results of Puravankara Limited for the quarter ended June 30, 2020 Notes: The above standalone financial results of Puravankara Limited ('the Company') have been reviewed by the Audit Committee and approved at the meeting of the Board of Directors of the C
Slide 11: Investor Presentation Q1 FY21
Investor Presentation Q1 FY21
Slide 12: Table of Contents
Table of Contents * Company Overview 3-5 * Development Bank 6-8 * Operational Overview – Area and Sales 9 - 12 * Launch pipeline 13 * Update of Financials 14 - 15 * Cash Flow Statements 16 - 17 * Debt 18 * Appendix 1 : Our efforts during COVID19 pandemic 19 - 21 * Appendix 2 : Project Status 22 - 26
Slide 13: Company Overview
PURAVANKARA Compan Overvi Tec ———PURVA a SMILING ¥ WILLOWS At The Sound Of Water 3
Slide 14: Company Overview – Iconic Brands in Real Estate
Company Overview – 2 Iconic Brands in Real Estate • Leading real estate enterprise providing diversified premium and affordable residential housing and commercial spaces • Over 4 decades of domain expertise, completed 71 projects measuring over 40.92msft • Diversified across markets, brands and deve
Slide 15: World Class Technology
World Class Technology • Starworth Infrastructure and Construction Limited – wholly owner subsidiary focussed on technology enabled construction solutions • Build-Design, Civil and MEP Capabilities for a wide variety of real estate and infrastructure projects • 100% precast solutions –construction s
Slide 16: Development Bank
Development Bank Actual site picture – Purva Palm Beach 6
Slide 17: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 29.95 12.23 39.22 51.45 Chennai 6.26 1.64 11.71 13.35 Hyderabad 0.59 2.35 - 2.35 Kochi 1.89 3.43 4.21 7.64 Others 1.39 0.42 1.01 1.43 West India 0
Slide 18: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 49% of the share of Provident accounts for 75% of the launch pipeline; in line ongoing and 87% of launch pipeline with the market trends and the Group‘s strategy 13% Launch pipeline 2% Launch pipeline 16% 25% 41% Ongoing Ongoing 14% 51%
Slide 19: Operational Overview – Area and sales
Operational Overview – Area and sales Actual site picture – Purva Palm Beach 9
Slide 20: Project Delivery
Project Delivery in million sq. ft. (numbers in million sq. ft.) FY17 FY18 FY19 FY20 Q1 FY21 Opening Area 23.64 24.92 20.82 23.08 22.93 Add: Launches/Revisions during the period 1 4.77 1.96 3.95 2.29 0.84 Less: Completed during the period 2 -3.49 -6.06 -1.69 -2.44 - Closing Area 24.92 20.82 23.08 22
Slide 21: Sales Q1FY21 Vs Q4FY20
Sales Q1FY21 Vs Q4FY20 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Jun-20 Mar-20 % Jun-20 Mar-20 % Jun-20 Mar-20 % Jun-20 Mar-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.41 0.27 52% 279 190 47% 276 166 67% 6,743 6,143 Completed Proj
Slide 22: Sales Q1FY21 Vs Q1FY20
Sales Q1FY21 Vs Q1FY20 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Jun-20 Jun-19 % Jun-20 Jun-19 % Jun-20 Jun-19 % Jun-20 Jun-19 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.41 0.52 -21% 279 353 -21% 276 350 -21% 6,743 6,723 Completed P
Slide 23: Launch Pipeline – sizeable Provident, opportunistic Puravankara
Launch Pipeline – sizeable Provident, opportunistic Puravankara Sr. no Location/ Project Name City Development Model Development Type Developable Area PPL Share in JD Saleable area (msft) Expected launch date Puravankara 1 Lalbagh (Purva Orient Grand) Bengaluru Joint Development Residential 0.21 55%
Slide 24: Update on financials
Update on financials Actual site picture – Purva Palm Beach 14
Slide 25: Income Statement for Quarter Ended 30th June 2020
Income Statement for Quarter Ended 30th June 2020 All numbers in INR Cr Q1FY21 Q4FY20 Q1FY20 Particulars Un Audited Audited Un Audited Income from operations Revenue from projects 182.35 369.52 630.05 Other Income 8.18 20.27 15.50 Total Income from operations 190.53 389.79 645.55 Expenses Sub-contra
Slide 26: Cash Flow
Cash Flow All numbers in INR Cr Cash Flow Statement Q1 FY19 Q1 FY 20 Q1 FY 21 A Operating Inflows 333.3 474.1 187.8 B Operating Outflows (274.7) (335.3) (151.5) C=A-B Operating Surplus 58.7 138.9 36.4 Less Interest Cost( Net ) (64.2) (86.1) (15.0) Tax Paid (2.2) (5.4) (4.1) D Operating Surplus after
Slide 27: Projected Cash Flow: Visibility from ongoing open for sale units
Projected Cash Flow : Visibility from ongoing open for sale units All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 861 1,202 2,063 Value of Inventory open for sale 2 (B) 3,330 1,762 5,092 Balance cost to go 3 (C) 1,404 1,270 2,673 Surplus (A) + (B) – (C) (D
Slide 28: Debt Profile
Debt Profile in Rs. Cr Q1FY21 Q4FY20 Q3FY20 Q2FY20 Q1FY20 Q4FY19 Opening Balance 2,681 2741 2,827 2,889 2,921 2,902 Net Addition (Repayment) 6 -61 -86 -62 -32 19 Debt Outstanding 2,687 2681 2,741 2,827 2,889 2,921 Less: Cash and Cash Equivalents 166 145 151 213 190 178 Net debt 2,521 2536 2,590 2,61
Slide 29: Appendix 1: Our efforts during COVID19 pandemic
Appendix 1 : Our efforts during COVID19 pandemic 19
Slide 30: Appendix 1 – Our efforts during COVID19 pandemic
Appendix 1- Our efforts during COVID19 pandemic • COVID19 and the nationwide lockdown has adversely impacted the economy in general and real estate in particular Macro economic outlook • Demand for housing saw a sharp decline in Q1FY21 • Despite our best efforts, labour exodus led to slowdown in con
Slide 31: Our efforts during COVID19 pandemic continues
Our efforts during COVID19 pandemic continues…… Employees and work place safety • Adequate provision of safe and healthy work environment for all our workers and employees in line with WHO guidelines. • Stringent measures were taken to maintain hygiene and well-being of everyone at our project sites
Slide 32: Appendix 2: Project Status
Appendix 2 : Project Status 22
Slide 33: Appendix 2 – Project Status
Appendix 2 – Project Status 23
Slide 34: Project Status – Completed Projects as on June 30, 2020
Project Status – Completed Projects as on June 30, 2020 Puravankara's JD / JV Share for Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Bluemont
Slide 35: Project Status – Under Construction as on June 30, 2020
Project Status – Under Construction as on June 30, 2020 Puravankara's JD / JV Share for Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION Puravankara 1
Slide 36: Project Status – Not yet open for Sale units as on June 30, 2020
Project Status – Not yet open for Sale units as on June 30, 2020 Puravankara's S.No. Project Location Developable Area Total Flats JD / JV Share for Developer Share - Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES NOT OPEN FOR SAL
Slide 37: Appendix 3: Other Corporate Information
Appendix 3: Other Corporate Information 27
Slide 38: Governance Structure to drive long term growth
Governance Structure to drive long term growth Executive Team Non Executive Directors Anup Shah Sanmukh Ravi Puravankara Non- Executive Independent Director Chairman • Bachelor’s degree in Commerce and Law • Over 44 years of experience in real estate Over 39 years of experience in field of law, indu
Slide 39: Shareholding and market performance
Shareholding and market performance 120 Share Information (as at 30th June, 2020) 110 NSE Ticker PURVA 100 90 BSE Ticker 532891 80 % free-float 25% 70 60 3M ADTV (Shares) 1,21,480 50 40 3M ADTV (INR mn) 4.89 Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 I
Slide 40: Awards and Accolades
Awards and Accolades 11th Franchise Estate Awards 2019_for Best 11th Franchise Estate Awards 2019_for Best 11th REALTY+ EXCELLENCE AWARDS 2019 – 11th REALTY+ EXCELLENCE AWARDS 2019 – Affordable Budget Housing Developer of the Themed Project of the Year_West_Adora De SOUTH - Affordable Housing Projec
Slide 41: Media & Capital Market Recognition
Media & Capital Market Recognition Robust long term growth strategy with constant focus on enhancing the overall customer experience has helped in strengthening our position as a thought leader even during pandemic situation @Puravankara Q1 FY20-21 31
Slide 42: Appendix 4: Our Completed Projects
Appendix 4: Our Completed Projects PURVA GAINZ 32
Slide 43: Our Completed Projects
PURAVANKARA Our Completed Projects ~ SES WARN SEEN AN A Z | F771 \ = AA _ DTOWN
Slide 44: Appendix 5: Select Ongoing Projects
Appendix 5 : Select Ongoing Projects 34
Slide 45: Select Ongoing Projects
PURAVANKARA Select Ongoing Projects AGE PURAVANKARA
Slide 46: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Puravankara Ltd.'s future business prospects and business profitability, which are subject to a number of ri
Slide 47: Thank You
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Investor Relations Contact: Mr. Kuldeep Chawla, Chief Financial Officer Email: kuldip@puravankara.com ; Tel: +91-80-43