Puravankara Limited · NSE:PURVA
Puravankara — Q1 FY21 Earnings Presentation
37 slides from Puravankara's earnings presentation, June 2020
Slide 1: Investor Presentation Q1 FY21
Investor Presentation Q1 FY21
Slide 2: 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 3: Company Overview
PURAVANKARA Compan Overvi Tec ———PURVA a SMILING ¥ WILLOWS At The Sound Of Water 3
Slide 4: 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 5: 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 6: Development Bank
Development Bank Actual site picture – Purva Palm Beach 6
Slide 7: 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 8: 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 9: Operational Overview – Area and sales
Operational Overview – Area and sales Actual site picture – Purva Palm Beach 9
Slide 10: 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 11: 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 12: 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 13: 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 14: Update on financials
Update on financials Actual site picture – Purva Palm Beach 14
Slide 15: 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 16: 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 17: 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 18: 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 19: Appendix 1: Our efforts during COVID19 pandemic
Appendix 1 : Our efforts during COVID19 pandemic 19
Slide 20: 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 21: 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 22: Appendix 2: Project Status
Appendix 2 : Project Status 22
Slide 23: Appendix 2 – Project Status
Appendix 2 – Project Status 23
Slide 24: 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 25: 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 26: 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 27: Appendix 3: Other Corporate Information
Appendix 3: Other Corporate Information 27
Slide 28: 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 29: 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 30: 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 31: 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 32: Appendix 4: Our Completed Projects
Appendix 4: Our Completed Projects PURVA GAINZ 32
Slide 33: Our Completed Projects
PURAVANKARA Our Completed Projects ~ SES WARN SEEN AN A Z | F771 \ = AA _ DTOWN
Slide 34: Appendix 5: Select Ongoing Projects
Appendix 5 : Select Ongoing Projects 34
Slide 35: Select Ongoing Projects
PURAVANKARA Select Ongoing Projects AGE PURAVANKARA
Slide 36: 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 37: 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