Prozone Realty Ltd · NSE:PROZONER
Prozone Realty — Prozone Intu Properties — Q4 FY20 Earnings Presentation
38 slides from Prozone Realty's earnings presentation, Jul 9, 2020
Slide 1: Prozone Intu Properties Limited exchange intimation letter
PROZONE INTU PROPERTIES LIMITED Regd. Office: 105/106, Ground Floor, Dream Square, Dalia Industrial Estate, Off New Link Road, Andheri West, Mumbai – 400053, India Tel : +91 22 6823 9000 | E-mail: investorservice@prozoneintu.com Website : www.prozoneintu.com|CIN: L45200MH2007PLC174147 Dated: 09th Ju
Slide 2: Upward And Forward: Q4 FY20 Results Update Presentation
Upward Q4 FY20 RESULTS UPDATE PRESENTATION And Forward June 2020 PROZONE INTU PROPERTIES LIMITED 0
Slide 3: Table of Contents
TABLE OF CONTENTS 01 Impact of COVID-19 & Lockdown 02 Quarterly Business Update 03 Financial Results 04 Asset Snapshot 05 Annexure 1
Slide 4: Quarterly Business Update
QUARTERLY BUSINESS UPDATE 2
Slide 5: Impact of COVID-19 & Lockdown
IMPACT OF COVID-19 & LOCKDOWN MALL OPERATIONS Mall operations in Aurangabad & Coimbatore were ceased from 16th March 2020 following the country wide lockdown to control spread of COVID19 Multiplexes were closed at both malls from 6th March. Footfalls were reducing from the last week of February
Slide 6: Safety Measures Post Lockdown: Mall Re-Opening
SAFETY MEASURES POST LOCKDOWN Mall Re-Opening planned with extra caution Wearing Masks & Thermal temperature scanning mandatory before entering the mall 4
Slide 7: Safety Measures Post Lockdown: Sanitisation
SAFETY MEASURES POST LOCKDOWN Sanitisation & Deep Cleaning across the mall Regular & Frequent Touch- Free Sanitization of common touch points across the mall 5
Slide 8: Safety Measures Post Lockdown: Social Distancing
SAFETY MEASURES POST LOCKDOWN Social Distancing across the mall interiors & exteriors 6
Slide 9: Coimbatore Residential Project Update
COIMBATORE RESIDENTIAL PROJECT UPDATE • Scheme launched on 10th Jun on www.prozoneintu.com with special features: 3D tour and Online payment option • Promotion through online web portals: • Promotion of new scheme on social / digital media: 7
Slide 10: Q4 & FY20 Key Highlights
Q4 & FY20 FY20 – KEY HIGHLIGHTS Q4 FY20 YoY Analysis Revenue (Rs. Mn) EBIDTA & EBIDTA Margin Cash PAT 81.5% 300.0 68.2% 350.0 240.0 250.0 300.0 220.0 80.0% 200.0 250.0 200.0 180.0 60.0% 160.0 200.0 140.0 150.0 318 40.0% 120.0 150.0 224 100.0 190 100.0 145 20.0% 80.0 129 100.0 72 60.0 50.0 0.0% 40.0
Slide 11: Q4 & FY20 Results Highlights
Q4 & FY20 RESULTS HIGHLIGHTS 01 Revenue o Total Revenue during the quarter at Rs 177.7 mn & Rs 850.4 mn for FY20 o Revenue from retail segment has grown 6.4% yoy in FY20 02 Q4 EBITDA at Rs 144.8 mn, with a 81.5% margin o Change in revenue mix led to increased margin. FY20 EBITDA : Rs 685.8 mn & marg
Slide 12: Financial Results: Consolidated Income Statement
FINANCIAL RESULTS: CONSOLIDATED INCOME STATEMENT Rs. Mn. Q4 FY20 Q4 FY19 YoY Q3 FY20 QoQ FY20 FY19 YoY Revenue from Real Estate Projects 0.5 50.8 - 0.3 5.0 387.6 -98.7% Lease Rental & Related Income 177.2 228.1 -22.3% 227.0 -22.0% 845.4 794.7 6.4% Total Income from operations 177.7 278.8 -36.3% 227.
Slide 13: Prozone Intu on a Strong Footing
PROZONE INTU ON A STRONG FOOTING Aurangabad and Coimbatore mall leased out space currently stands at 76% and 93% 01 respectively. Coimbatore Mall: 1 new store started operations, adding approx. 1,350 sq ft to 02 operations in Q4. Leasing Traction: 1 store under fitout & 1 LOI signed would add
Slide 14: Current Focus Areas
CURRENT FOCUS AREAS 01 Construction recommenced post COVID lockdown for Coimbatore residential Increased marketing online during the lockdown & launched new schemes COIMBATORE RESI Schemes have seen good response. 23 new booking in Q4 FY20. 02 Focus on retaining tenants & getting consumer co
Slide 15: Asset Snapshot
prozone intu@ ASSET SNAPSHOT 13
Slide 16: Operating/Development Assets
OPERATING/DEVELOPMENT ASSETS Aurangabad Mall Nagpur Mall Nagpur Residential Coimbatore Mall Aurangabad PTC Coimbatore Residential 14
Slide 17: Retail – Aurangabad Mall Update
RETAIL – AURANGABAD MALL UPDATE Key Operating Parameters Q4 FY20 Gross Leased Area (lakh sq.ft.) 5.2 Current Leasing Status 76% Number of Stores Signed 111 Retailer Sales (Rs. Mn.) 4,415 Average Monthly Trading Density (Rs/sqft) 358 Footfalls (Mn.) 17.9 Occupancy Footfall & Trading Density 36.5 17.9
Slide 18: Empire Mall (Aurangabad) – Financial Snapshot
EMPIRE MALL (AURANGABAD) – FINANCIAL SNAPSHOT Operational Details (Rs. Mn.) Q4 FY20 Q3 FY20 Q2 FY20 Q1 FY20 Q4 FY19 Area Leased (lakh sq. ft.) 5.3 5.3 5.3 5.3 5.6 % Leased 76% 76% 76% 76% 81% Sale of Premises 0.5 0.3 3.3 0.9 50.8 Rental Income 37.9 61.5 54.8 56.9 62.5 Recoveries (CAM & Other) 63.2 6
Slide 19: New Stores Opened at Aurangabad Mall
NEW STORES OPENED AT AURANGABAD MALL 17
Slide 20: Brand Partners at Aurangabad Mall
BRAND PARTNERS AT AURANGABAD MALL 18
Slide 21: Events at Aurangabad Mall
EVENTS AT AURANGABAD MALL Get Going Pre Run Marathon EOSS 2020 & Open Mike Republic Day 7th Aurangabad International Film Festival 19
Slide 22: Financial Snapshot - Coimbatore Mall
FINANCIAL SNAPSHOT - COIMBATORE MALL Key Operating Parameters Q4 FY20 Gross Leased Area (lakh sq.ft.) 4.6 Current Leasing Status 93% Number of Stores Signed 119 Retailer Sales (Rs. Mn.) 5.8 Average Monthly Trading Density (Rs/sqft) 572 Footfalls (Mn.) 2.1 Occupancy Footfall & Trading Density 20.9 21
Slide 23: Financial Snapshot - Coimbatore Mall
FINANCIAL SNAPSHOT - COIMBATORE MALL Operational Details (Rs. Mn.) Q4 FY20 Q3 FY20 Q2 FY20 Q1 FY20 Q4 FY19 Area Leased (lakh sq. ft.) 4.6 4.6 4.7 4.6 4.5 % Leased 93% 93% 95% 92% 90% Rental Income 55.4 79.5 78.5 79.7 80.1 Recoveries (CAM & Other)* 48.0 72.0 # 47.2 47.7 43.1 Total Income 103.4 151.5
Slide 24: New Store Opening at Coimbatore Mall
NEW STORE OPENING AT COIMBATORE MALL 22
Slide 25: Events at Coimbatore Mall
EVENTS AT COIMBATORE MALL Vintage Car & Bike Expo Prozone Kidzrun Valentine’s Day Celebration Taxpayer’s Zone 23
Slide 26: Brand Partners at Coimbatore Mall
BRAND PARTNERS AT COIMBATORE MALL 24
Slide 27: Project Update - Coimbatore - Residential
PROJECT UPDATE - COIMBATORE - RESIDENTIAL ______________________________ Coimbatore Residential (CGI) Actual • ~1.9 m sqft of residential ______________________________ • 7 towers of 18 floors comprising 1,152 apartments ______________________________ • 3 towers of 18 floors comprising 540 apartment
Slide 28: Project Update – Nagpur
PROJECT UPDATE – NAGPUR ______________________________ • 0.5m sqft of retail space under Nagpur mall design (CGI) advanced stage of approvals • 0.39m additional development potential ______________________________ • 4.5m catchment population ______________________________ • 15.7 acres of residential
Slide 29: Nagpur Residential
NAGPUR RESIDENTIAL Actual Actual Actual 27
Slide 30: Project Update - Indore Residential
PROJECT UPDATE - INDORE RESIDENTIAL Indore township design (CGI) • 1.9m city population • Prominent business and industrial centre in Madhya Pradesh ______________________________ • 43.5acres comprising residential township with 5 acres for commercial to be developed in phases • Phase 1&2 is for plo
Slide 31: Disclaimer
DISCLAIMER Generic Disclaimer The following is a general overview of Prozone INTU Limited (the “Company”) and is qualified in its entirety by reference to the applicable offering memorandum, memorandum and articles of association or other constitutional documents and subscription agreement (together
Slide 32: Thank You
THANK YOU Email: investorservice@prozoneintu.com Mehul Mehta/ Nachiket Kale Website: www.prozoneintu.com Dickenson IR Contact: 9820280325/9920940808 Email: nachiket.kale@dickensonIR.com 30
Slide 33: Annexure
prozone intu BW
Slide 34: About Us
ABOUT US • Prozone Intu Properties Ltd. (Prozone Intu) is jointly developed by Promoters and Intu Properties Plc set up to create, develop and manage world-class regional shopping centres and associated mixed-use developments Pan-India. BUSINESS • Prozone Intu strategy is to participate and dominate
Slide 35: Understanding Our Business Model - Business Strategy
UNDERSTANDING OUR BUSINESS MODEL - BUSINESS STRATEGY Business Strategy • Develop Large scale Land Parcels for Mixed Use development. • 75% of the Land to be developed as Residential & Commercial – Build & Sell model • 25% of the Land to be developed as Retail – Build & Lease Model • The Company foll
Slide 36: Understanding Our Business Model - Business Strategy
UNDERSTANDING OUR BUSINESS MODEL - BUSINESS STRATEGY Regional Malls Yield under own Lease Management Model Debt Free Large scale Assets land parcels FUTURE for mixed use Profits & GROWTH developments Shareholder Residential & Cash Value Commercial Sales Developments Model • Locations selected in hig
Slide 37: Our Board of Directors
OUR BOARD OF DIRECTORS Nikhil Chaturvedi Dushyant Sangar Umesh Kumar Founder and Managing Director, Mr. Dushyant Sangar is the Corporate (Independent Director) Nikhil is a visionary and hands-on Development Director of Intu Mr. Umesh, has over 35 years of leader, who inspires the Properties plc and
Slide 38: Shareholding Update
SHAREHOLDING UPDATE Shareholding in % – Mar 2020 Promoter, Others, 30.44% 29.51% FII, 7.67% Intu Properties, 32.38% Key Investors Holding (%) ACACIA Partners 1.5% Radhakishan Damani 1.3% Rakesh Jhunjhunwala 2.1% Rajesh Narang 1.5% Aditya Chandak 1.1% Source: BSE 36
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