Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q1 FY2013-14 Earnings Presentation
64 slides from Prestige Estates Projects's earnings presentation, 2013
Slide 1: Investor Presentation QI FY 2013-14
INVESTOR PRESENTATION QI FY 2013 -14 www.prestigeconstructions.com
Slide 2: Index
Index HIGHLIGHTS OF QI FY 13-14 FINANCIAL PERFORMANCE SALES SUMMARY DEBT PROFILE RECEIVABLES PROFILE RENTAL PORTFOLIO & LEASING UPDATE PROJECT PORTFOLIO & UPDATE ABOUT PRESTIGE 2
Slide 3: Highlights of QI FY 2013-14
HIGHLIGHTS OF QI FY 2013-14 www.prestigeconstructions.com
Slide 4: Highlights of QI FY 2013-14
Highlights of QI FY 2013-14 Quarter I Quarter IV Quarter I Particulars FY 12-13 FY 11-12 FY 13-14 FY 12-13 FY 12-13 Turnover (Rs. Mn) 5,293 5,875 2,464 16,064 7,992 EBIDTA (Rs. Mn) 1,599 1,599 975 5,113 2,907 EBIDTA % 30% 27% 40% 32% 36% PAT (Rs. Mn) 866 890 493 2,760 1,291 PAT % 16% 15% 20% 17% 16%
Slide 5: Highlights of QI FY 2013-14
Highlights of QI FY 2013-14 Turnover, EBIDTA & PAT (Rs. Mn) 6,000 5,875 5,293 5,116 5,000 4,000 3,000 2,609 2,464 2,000 1,619 (32%) 1,599 (27%) 1,599 (30%) Turnover 975 (40%) 920 (35%) 920 (18%) 890 (15%) 866 (16%) 1,000 493 (20%) EBIDTA 457 (18%) PAT 0 QI FY13 QII FY13 QIII FY13 QIV FY13 QI FY14 QI
Slide 6: Highlights of QI FY 2013-14
Highlights of QI FY 2013-14 Collections (Q-O-Q) (Rs. Mn) Sales (Q-O-Q) (Rs. Mn) 12000 11340 11,442 10,105 10,688 10,229 7,000 6,074 5,328 10000 6,000 5,076 8,160 8739 5,050 7,540 8000 5,000 4,241 6507 5,416 4,000 6000 3,000 4000 2,000 2000 Gross Sales 1,000 Net Sales 0 0 QI FY13 QII FY13 QIII FY13 Q
Slide 7: Highlights of QI FY 2013-14: Business Performance
Highlights of QI FY 2013 - 14 Business Performance Launches/Pre Launches during QI FY 13-14 Developable Economic No. of Units No. of Units % Sold Sl.No Project Location Segment Area (Mnsf) Interest (Total) (PEPL Share) (PEPL Share) Quarter I 1 Prestige West Woods Bangalore Residential 1.02 60.00% 56
Slide 8: Highlights of QI FY 2013-14: Area Leased
Highlights of QI FY 2013-14 Business Performance Area Leased during QI FY 13-14 As on 30th June, 2013 Current Quarter I FY 13-14 (Cumulative) Rental Area Yet Segment Prestige Prestige Yielding to Yield Total Total Share Share Area Office 0.31 0.12 8.05 4.51 4.23 0.28 Retail 0.13 0.04 2.46 1.13 0.70
Slide 9: Financials Update
FINANCIALS UPDATE www.prestigeconstructions.com www.prestigeconstructions.com
Slide 10: Balance Sheet as at 30th June, 2013
Financials Balance Sheet as at 30th June, 2013 Rs. Mn QI FY 13-14 Turnover : Rs. 5,293 mn FY 13-14 Guidance : Rs 20,000 mn 10
Slide 11: Profit & Loss Account for the period ended 30th June, 2013
Financials Profit & Loss Account for the period ended 30th June, 2013 Rs. Mn Quarter ended Year ended Particulars 30-Jun-13 31-Mar-13 30-Jun-12 31-Mar-13 (I) Revenue from Operations 4,983 5,597 2,192 15,124 (II) Other Income 310 278 272 939 (III) Total Revenue - (I+II) 5,293 5,875 2,464 16,063 (IV)
Slide 12: Financials: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 30-Jun-13 31-Mar-13 30-Jun-12 31-Mar-13 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 4,983 5,597 2,192 15,124 2 Other Income 310 278 272 939 3 Total Income
Slide 13: Financials: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 30-Jun-13 31-Mar-13 30-Jun-12 31-Mar-13 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 1,262 24% 1,254 21% 659 27% 3,887 24% 12 Tax 396 364 166 1,125 13 PAT 866 16% 890 15% 493 20% 2,762 1
Slide 14: Sales Summary
SALES SUMMARY www.prestigeconstructions.com
Slide 15: Sales Summary
Sales Summary Area in Mnsf Rs. Mn Quarter I FY 13-14 Quarter IV FY 12-13 Quarter I FY 12-13 FY 12-13 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 1.33 994 7,298 0.57 340 3,164 1.29 787 5,929 4.01 2,560 19,675 Premium Segment 0.43 138
Slide 16: Unrecognized Revenue From Projects Under Construction
Unrecognized Revenue From Projects Under Construction Rs. Mn Total sales Cumulative Balance Expected value of unit turnover turnover to be Sl.No Projects timeline to reach sold as at declared upto declared on 25% trigger 30.06.2013 30.06.13 POC A Residential Projects - Ongoing 1 Prestige Golfshire P
Slide 17: Unrecognized Revenue From Projects Under Construction
Unrecognized Revenue From Projects Under Construction Rs. Mn Total sales Cumulative Balance Expected value of unit turnover turnover to be Sl.No Projects timeline to reach sold as at declared upto declared on 25% trigger 30.06.2013 30.06.13 POC A Residential Projects - Ongoing 19 Prestige Ferns Resi
Slide 18: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance New Sales / Amount Closing Balance as Name of the Project as at 01.04.2013 Adjustment Realised at 30.06.2013 Completed Projects Prestige Cyber Towers 354 - - 354 Prestige Oasis 779 (54) 70 656 Prestige Shantiniketan 1,541 (21) 240 1,279 Prestige Southri
Slide 19: Project Debtors Summary
Project Debtors Summary Rs. Mn Opening Balance Incremental POC Closing Balance Name of the Project Amount Realised as at 01.04.2013 POC Turnover Adjustment as at 30.06.2013 Other Ongoing Projects Prestige Tranquility - - - 207 - Prestige Royalwoods - - - 71 - Prestige Technopolis - - - 55 - Prestige
Slide 20: Debt Profile
Debt Profile Rs. Mn Consolidated Particulars Standalone % % Loan * Debt as on 30.06.2013 Secured Loan 14,826 99% 25,474 99% a. Project Debt - Resi & Comm 10,502 71% 12,217 48% b. Capex Loans - Office Space 567 4% 3,500 14% - Retail - - 621 2% - Hospitality 980 7% 1,750 7% c. Rental Securitisation Lo
Slide 21: Receivables Profile
Receivables Profile Area in Mnsf Rs. Mn QI FY13-14 Sales : Rs 11,442 mn FY 13-14 Guidance : Rs 43,000 mn 21
Slide 22: Rental Income
Rental Income Area in Mnsf Rs. Mn 3,966 2,773 2,495 * Of the above mentioned 4.59 mnsf of leasable area in office space of ongoing projects & 3.40 mnsf of Retail space, we have already leased/tied up with various tenants for an area of 2.70 mnsf in office space & 1.18 mnsf in retail space as on 30.0
Slide 23: Annualised Projected Exit Rentals for Area Leased
Annualised Projected Exit Rentals for Area Leased Area in Mnsf Rs. Mn Total Leasable PEPL Share of Area Leased - Rent P.a Sl. No Project Name Segment Rent Per Sft Area Leasable Area Prestige Share (Annualised) Existing Rental Income as on 30 June,2013 1 Prestige Estates Projects Ltd Commercial 1.62
Slide 24: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com
Slide 25: Our Business
Business Segments Malls Retail Office Space Apartments Built to suit Villas Campuses Residential Commercial Townships Our SEZs Plotted Developments Business IT Parks Sub leasing & fit out services Resorts Interior Design Services Hospitality Serviced & Execution Apartments Facilities & Hotels Proper
Slide 26: Product Mix – Segment Wise
Product Mix – Segment Wise Ongoing Projects Upcoming Projects Total Area – 48.47 Mnsf Total Area – 38.19 Mnsf 4% 4% 11% 15% Residential Residential Commercial Commercial 22% Retail Retail 63% Hospitality 81% No. of Developable No. of Developable Segment Segment Projects Area (Mnsf) Projects Area (Mn
Slide 27: Product Mix – Geography Wise
Product Mix – Geography Wise Ongoing Projects Upcoming Projects Total Area – 48.47 Mnsf Total Area – 38.19 Mnsf 1% 0% 4% 2% 0% 4% Bangalore 10% Bangalore 4% Chennai 2% 11% Chennai Cochin Cochin Hyderabad Hyderabad Mangalore Mangalore Mysore Ooty 78% 84% No. of Developable No. of Developable City Cit
Slide 28: Ongoing Projects: Residential
Ongoing Projects Residential Developable Economic Prestige No of Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) Units Share of Units 1 Prestige Golfshire- Villas Bangalore 1.75 100.00% 1.75 228 228 2 Prestige White Meadows -1 Bangalore 1.07 100.00% 1.07 163 163 3 Prestige White Meadow
Slide 29: Ongoing Projects: Residential
Ongoing Projects Residential Developable Economic Prestige No of Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) Units Share of Units 18 Prestige Silver Crest Bangalore 0.25 100.00% 0.25 122 122 19 Prestige Summer Fields Bangalore 0.31 50.85% 0.16 83 42 20 Prestige Silver Sun Bangalore
Slide 30: Ongoing Projects: Commercial
Ongoing Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Cessna Business Park B8 - B11 Bangalore 3.56 85.00% 3.03 2 Prestige Khoday Towers Bangalore 0.26 48.53% 0.13 3 Exora Business Park - Block 2 Bangalore 1.02 32.46% 0.33 4 Prestige Technop
Slide 31: Ongoing Projects: Retail and Hospitality
Ongoing Projects Retail Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Forum Sujana Hyderabad 1.47 24.50% 0.36 2 Forum Shantiniketan Bangalore 1.06 65.00% 0.69 3 Forum Mysore Mysore 0.55 50.99% 0.28 4 Forum Mangalore Mangalore 0.95 34.00% 0.32 5 Prestige TMS Sq
Slide 32: Upcoming Projects: Residential
Upcoming Projects Residential Developable Economic Prestige Sl.No Project City Area (Mnsf) Interest Share (Mnsf) 1 Prestige Leela Residences Bangalore 0.36 60.00% 0.22 2 Prestige Silver Spring Chennai 0.49 27.54% 0.14 3 Kakanad Property Cochin 0.80 70.00% 0.56 4 Prestige Jade Pavilion Bangalore 0.68
Slide 33: Upcoming Projects: Commercial and Retail
Upcoming Projects Commercial Developable Economic Prestige Sl. No Project City Area (Mnsf) Interest Share (Mnsf) 1 Kakanad Property Cochin 0.20 70.00% 0.14 2 Prestige Technostar Bangalore 1.65 51.00% 0.84 3 Jacobs Land - IT Park Bangalore 2.81 73.93% 2.08 4 Prestige Tech Park IV Bangalore 1.25 90.00
Slide 34: Land Bank & Projects Under Planning
Land Bank & Projects Under Planning Land Area Economic PEPL Share Sl. No Entity Name Location (Acres) Interest (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi 142.74 100.00% 142.74 2 Prestige Projects Pvt Ltd Bangalore 168.00 32.68% 54.90 3 Prestige Garden Resorts Pvt Ltd Bangalore 7.00 100.00% 7.
Slide 35: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com
Slide 36: Advantage Prestige
Advantage Prestige Iconic developments like Spearheaded by Real Estate Icon, Forum Mall, Prestige Shantiniketan, Mr. Irfan Razack & his brothers UB City, Prestige Golfshire, etc Mr. Rezwan and Noaman Razack Legacy Spanning over 26 years One of South India’s Leading Developers Only Excellence across
Slide 37: Strong Presence Across All South Indian States
Strong Presence Across All South Indian States Karnataka •Bangalore •Mysore •Mangalore Tamil Nadu •Chennai •Ooty Kerala •Kochi Andhra Pradesh •Hyderabad Goa 37
Slide 38: Board of Directors
Board of Directors Irfan Razack Rezwan Razack Noaman Razack Chairman & Managing Director Joint Managing Director Whole-time Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Independent Director Independent Director Independent Director Independent Director 38
Slide 39: Executive Management
Executive Management 1 2 3 4 5 66 7 88 9 10 1 Faiz Rezwan 2 Uzma Irfan 3 Sana Rezwan 4 Zackria Hashim 5 Zaid Sadiq Executive Director Executive Director Executive Director Executive Director Executive Director Contracts & Projects Corporate Communication Retail Land Acquisition Liasioning & Hospital
Slide 40: Shareholding Pattern
Shareholding Pattern 2% 6% 17% Promoters FII Mutual Fund Public & Others 75% As on 30 June, 2013 40
Slide 41: Awards & Recognition
AWARDS & RECOGNITION www.prestigeconstructions.com
Slide 42: Awards & Recognition
Awards & Recognition Realty Plus Excellence Award 2013 Mr. Irfan Razack – CMD, Ms. Uzma Irfan – Executive Director (Corporate Communications )and Mr. Nandakumar - Head Leasing receiving the Realty Plus Excellence Award 2013 - Developer of the Year – Commercial (South) Shot at location - Prestige Nep
Slide 43: Awards & Recognition
Awards & Recognition Realty Plus Excellence Award 2013 Realty Plus Excellence Award 2013 Realty Plus Excellence Award 2013 Realty Plus Excellence Award 2013 Developer Of The Year Developer Of The Year Developer Of The Year Residential (South) Commercial (South) Retail (South) 43
Slide 44: Awards & Recognition
Awards & Recognition NDTV Property Awards – Top Commercial Space Developer NDTV Property Awards Shot at location - Prestige Neptune’s Courtyard - Cochin Top Commercial Space Developer 44
Slide 45: Cessna B5 block awarded LEED platinum rating by USGBC
Awards & Recognition Cessna B5 block has been awarded LEED platinum rating by USGBC for Commercial Interiors The CISCO B5 Office space in Bangalore has been awarded Platinum certification under USGBC’s LEED ID+C rating system. This is highest rated Platinum LEED ID+C projects in Asia and the second
Slide 46: Project Snapshot: A Virtual Tour
PROJECT SNAPSHOT A Virtual Tour www.prestigeconstructions.com
Slide 47: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige Augusta Golf Village Perspective 47
Slide 48: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige Sunrise Park Perspective 48
Slide 49: Project Snapshots - New Launches during the quarter
Project Snapshots - New Launches during the quarter Prestige West Woods Perspectives 49
Slide 50: Project Snapshots – Completions during the quarter
Project Snapshots – Completions during the quarter Cessna Business Park – B7 50
Slide 51: Project Snapshots – Completions during the quarter
Project Snapshots – Completions during the quarter Forum Vijaya 51
Slide 52: Project Snapshots – Prestige White Meadows
Project Snapshots – Key Projects Prestige White Meadows Perspective Current Construction Prog ress 52
Slide 53: Project Snapshots – Prestige Bella Vista
Project Snapshots – Key Projects Prestige Bella Vista Perspective Current Construction Prog ress 53
Slide 54: Project Snapshots – Prestige Tranquility
Project Snapshots – Key Projects Prestige Tranquility Perspective Current Construction Prog ress 54
Slide 55: Project Snapshots – Prestige Park View
Project Snapshots – Key Projects Prestige Park View Perspective Current Construction Prog ress 55
Slide 56: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Prog ress Prestige Ferns Residency Prestige West Holme Prestige Hermitage Prestige Casabella 56
Slide 57: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Prog ress Prestige Edwardian Prestige Royal Woods Prestige Silver Oak Prestige Garden Bay 57
Slide 58: Project Snapshots – Commercial Projects
Project Snapshots – Commercial Projects Current Construction Prog ress Prestige Tech Park III Exora Business Park – B2 Cessna Business Park – B8 Prestige Khoday Tower 58
Slide 59: Project Snapshots – Retail Projects
Project Snapshots – Retail Projects Current Construction Prog ress Forum Sujana Mall Forum Mangalore Mall Mysore Central Mall Forum Mysore Mall 59
Slide 60: Project Snapshots – Hospitality Projects
Project Snapshots – Hospitality Projects Aloft Current Construction Prog ress Hilton FVM – Serviced Apartment Marriott 60
Slide 61: Guidance vs Achieved
GUIDANCE VS ACHIEVED www.prestigeconstructions.com
Slide 62: Guidance Vs Achieved
Guidance Vs Achieved FY 13-14 FY 12-13 FY 11-12 Guidance for Achieved in Particulars % Achieved Guidance Achieved % Achieved Guidance Achieved % Achieved Full Year QI FY 13-14 Sales (Rs. Mn) * 43,000 11,442 27% 25,000 31,221 125% 15,000 21,127 141% Turnover (Rs Mn) 20,000 5,293 26% 15,000 16,064 107
Slide 63: 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 64: Thank You
Thank You Prestige Estates Projects Limited Mr. Venkat K. Narayana The Falcon House, Executive Director & CFO No. 1, Main Guard Cross Road, Phone: +91 -80 – 25001280 Bangalore – 560 001 E-mail: investors@prestigeconstructions.com Phone: +91 -80 – 25591080 Fax: + 91 – 80 - 25591945 www.prestigeconstr
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