Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q1 FY2012-13 Earnings Presentation
37 slides from Prestige Estates Projects's earnings presentation, 2012
Slide 1: Investor Presentation Q1 FY 2012-13
INVESTOR PRESENTATION Q1 FY 2012 - 13 www.prestigeconstructions.com
Slide 2: Index
Index • Highlights of Q1 FY 2012-13 • Financials • Sales Summary • Debt Profile • Receivables Profile • Rental Portfolio & Leasing Update • Project Portfolio & Update • About Prestige www.prestigeconstructions.com
Slide 3: Highlights of Q1 FY 2012-13
HIGHLIGHTS OF Q1 FY 2012-13 www.prestigeconstructions.com
Slide 4: Highlights of Q1 FY 2012-13: Performance Overview
Highlights of Q1 FY 2012 - 13 Performance Overview Quarter I, Quarter IV, Quarter I, FY 2011-12 FY13 FY12 FY12 Turnover (Rs. Mn) 2,464 2,177 2,610 7,992 EBIDTA (Rs. Mn) 975 (40%) 842 (39%) 815 (31%) 2,907 (36%) PAT (Rs. Mn) 493 (20%) 383 (18%) 364 (14%) 1,291 (16%) Weighted Average Cost of Debt 13.6
Slide 5: Highlights of Q1 FY 2012-13
Highlights of Q1 FY 2012 - 13 FY 11-12 Turnover & EBIDTA (Rs. Mn) Turnover Rs.7,992 mn Collections (Rs. Mn) FY 11-12 Rs.13,354 mn EBIDTA Rs.2,907 mn (36%) 3,000 5,000 4,556 2,610 4,500 4,241 2,464 Turnover 2,500 2,177 4,000 EBIDTA 3,268 3,280 3,500 2,000 1,798 3,000 1,408 (40%) 2,500 2,250 1,500 (39
Slide 6: Highlights of Q1 FY 2012-13: Business Performance
Highlights of Q1 FY 2012 - 13 Business Performance Launches during Q1 % Sold Developable Economic No. of Units Project Location Segment (PEPL Area in Sqft Interest (PEPL Share) Share) Prestige Garden Bay Bangalore Residential 641,253 72% 132 37% Prestige Glen Wood Bangalore Residential 317,301 65% 7
Slide 7: Financials Update
FINANCIALS UPDATE www.prestigeconstructions.com 7
Slide 8: Financials: Balance Sheet
Financials Balance Sheet As At 30th June, 2012 Rs. Mn Particulars As at 30-Jun-12 As at 31-Mar-12 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,281 3,281 (b) Reserves and surplus 18,482 17,990 21,763 21,270 (2) Non-current liabilities (a) Long-term borrowings 1,845 1,518 (b)
Slide 9: Financials: Profit & Loss Account
Financials Profit & Loss Account For The Period Ended 30th June, 2012 Rs. Mn Quarter ended Year ended Particulars 30-Jun-12 31-Mar-12 30-Jun-11 31-Mar-12 (I) Revenue from Operations 2,192 2,021 2,484 7,455 (II) Other Income 272 156 126 538 (III) Total Revenue - (I+II) 2,464 2,177 2,610 7,992 (IV) Ex
Slide 10: Financials: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 30-Jun-12 31-Mar-12 30-Jun-11 31-Mar-12 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 2,192 2,021 2,484 7,455 2 Other Income 272 156 126 538 3 Total Income 2
Slide 11: Financials: Key Ratios
Financials Key Ratios Rs. Mn Three Three Three months months months Year ended period ended Sl. No. Particulars Ratio/% period ended Ratio/% period ended Ratio/% Ratio/% 30-Jun-12 31-Mar-12 30-Jun-11 31-Mar-12 (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 659 27% 579 27% 503 19% 1,817 23% 12
Slide 12: Sales Summary
Sales Summary Area in Mn sft Rs. Mn Quarter I FY 2012-13 Quarter IV FY 2011-12 Quarter I FY 2011-12 FY 2011-12 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 1.29 787 5,929 1.15 761 5,085 0.29 197 1,125 4.18 2,923 16,041 Premium Segment
Slide 13: Unrecognized Revenue from Projects under Construction
Unrecognized Revenue from Projects under Construction Rs. Mn Total Sales value Cummulative Balance Expected Timeline to Sl.No Projects of unit sold area as Turnove r declared Turnove r to be reach 25% Trigger at 30.06.2012 upto 30.06.12 declared on Poc A Ongoing Residential Projects 1 Prestige Golfs
Slide 14: Project Debtors Summary
Project Debtors Summary Rs . Mn Opening Balance Closing Balance Name of the Project New Sales Amount Realised as at 01.04.2012 as at 30.06.2012 Completed Projects Prestige Alecto 38 - 3 35 Prestige Andree Residences 3 - - 3 Prestige Ashcroft 4 - 3 1 Prestige Atrium 5 2 7 - Prestige Cyber Towers 385
Slide 15: Project Debtors Summary
Project Debtors Summary Rs . Mn Opening Balance Incremental Closing Balance Name of the Project POC Adjustment Amount Realised as at 01.04.2012 POC Turnove r as at 30.06.2012 On Going Projects Prestige Khoday Towers 98 22 7 15 98 Prestige Golfshire 1,148 115 14 40 1,209 Prestige Tech Park III - 762
Slide 16: Debt Profile
Debt Profile Rs. Mn Consolidated Particulars Standalone % % Loan * Debt as on 30.06.2012 Secured Loan 13,319 99% 20,039 99% a. Project Debt - Resi & Comm 9,084 68% 9,883 49% b. Capex Loans - Office Space - - 1,028 5% - Retail - - 705 4% - Hospitality 846 6% 1,382 7% c. Rental Securitisation Loans 1,
Slide 17: Receivables Profile
Receivables Profile As on June 30, 2012 (Areas are in Mn Sft) (Values are in Mn Rs) Revenue Generating Projects (Ongoing) Developable Area 28.10 Cost Car Park Area 4.70 Saleable Area 23.40 49,013 Partner Share Prestige Share Already Balance to be Value NA Value 108,894 Incurred spent Area 3.69 Area
Slide 18: Rental Income
Rental Income As on June 30, 2012 (Areas are in Mn Sft) (Values are in Mn Rs) RENTAL INCOME OFFICE SPACE RETAIL EXISTING ONGOING UPCOMING EXISTING ONGOING UPCOMING Leasable Area Leasable Area* Leasable Area Leasable Area Leasable Area* Leasable Area 4.46 5.39 1.50 0.67 3.13 1.20 Prestige Share in Pr
Slide 19: Annualised Projected Exit Rentals for Area Leased
Annualised Projected Exit Rentals for Area Leased Rs in Mn Area in msf Area Total PEPL Leased Rent P.a Sl. No Project Name Segment Leasable Share Prestige (annualised) Area Share Rental Income Existing as on 30 June, 2012 1 Prestige Estates Projects Ltd Commercial 1.60 1.60 1.60 720 2 Cessna Busines
Slide 20: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com 20
Slide 21: Business Segments
Business Segments Our Business Residential Commercial Retail Hospitality Services Apartments Malls Resorts Sub-leasing and Office Space fit-out services Service Project and Villas SEZs Apartments Construction Mgmt services Built-to-suit Townships Hotels Interior Design Campuses and Execution Plotted
Slide 22: Product Mix
Product Mix By Geography By Segment Ongoing Projects Ongoing Projects 2% 2% Bangalore 12% Residential 5% 10% Hyderabad 10% Commercial Chennai Hospitality 52% Mysore 26% Retail 81% Mangalore Upcoming Projects Upcoming Projects 4% 4% 12% Bangalore 27% Residential Mangalore Commercial Chennai 54% 54% H
Slide 23: Project Summary Q1 FY 2012-13
Project Summary Q1 FY 2012 - 13 Area in msf Ongoing Upcoming Total Residential 20.59 9.52 30.11 Commercial 11.57 4.49 16.06 Retail 5.18 1.42 6.6 Hospitality 1.68 0.55 2.23 Total 39.02 15.98 55.00 Area (Msf) 25 20.59 20 15 Residential 11.57 Commercial 9.52 10 Retail 5.18 Hospitality 4.49 5 1.68 1.42
Slide 24: Ongoing Projects: Residential
Ongoing Projects Residential Sl. Developable Economic Prestige No of Prestige Share Project City No Area in Sft Interest Share in Sft. Units of Units 1 Prestige Golfshire- Villas Bangalore 1,753,255 100.00% 1,753,255 228 228 2 Prestige White Meadows -1 Bangalore 1,067,956 100.00% 1,067,956 163 163 3
Slide 25: Ongoing Projects: Commercial
Ongoing Projects Commercial Developable Economic Prestige Share Sl.No Project City Area in Sft Interest in Sft 1 Prestige Shantiniketan ( C Block) Bangalore 758,000 61.00% 462,380 2 Cessna Business Park B7 - B11 Bangalore 4,330,323 60.00% 2,598,194 3 Prestige Polygon Chennai 659,499 60.00% 395,699 4
Slide 26: Ongoing Projects: Hospitality and Retail
Ongoing Projects Hospitality Developable Economic Prestige Share No. Of Sl.No Project City Area in Sft Interest in Sft Keys 1 Aloft Bangalore 286,188 60.00% 171,713 202 2 Hilton Bangalore 450,000 100.00% 450,000 285 3 Forum Value Mall - Service Apts Bangalore 369,146 35.00% 129,201 142 4 Marriot Hot
Slide 27: Upcoming Projects FY 12-13: Residential
Upcoming Projects: FY 12-13 Residential Sl. Developable Economic Prestige Project City No Area in Sft Interest Share in Sft 1 Prestige Hillcrest Ooty 72,344 50.00% 36,172 2 Prestige West Holmes Mangalore 60,945 65.00% 39,614 3 Prestige Leela Residences Bangalore 360,000 60.00% 216,000 4 Prestige Sea
Slide 28: Upcoming Projects FY 12-13: Commercial
Upcoming Projects: FY 12-13 Commercial Developable Economic Prestige Sl.No Project City Area in Sft Interest Share in Sft 1 Forum Thomsun Cochin 200,000 25.00% 50,000 2 TM Square Cochin 322,131 50.00% 161,066 3 Prestige Trinity Centre/Summerfields Bangalore 158,400 43.00% 68,112 4 Prestige Platinum
Slide 29: Upcoming Projects FY 12-13: Hospitality and Retail
Upcoming Projects: FY 12-13 Hospitality Developable Economic Prestige No. Of Sl.No Project City Area in Sft Interest Share in Sft Keys 1 Forum Thomsun Cochin 550,000 25.00% 137,500 200 Total - C 550,000 137,500 200 Retail Developable Economic Prestige Share Sl.No Project City Area in Sft Interest in
Slide 30: Land Bank & Projects Under Planning
Land Bank & Projects Under Planning Land Area Economic PEPL Share Sl. No Entity Name Location in Acres Interest in Acres 1 Prestige Bidadi Holdings Pvt Ltd Bidadi 142.74 100.00% 142.74 2 Prestige Projects Pvt Ltd Bangalore 168.00 33.00% 55.44 3 Prestige Garden Resorts Pvt Ltd Bangalore 7.00 50.00% 4
Slide 31: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com
Slide 32: Advantage Prestige
Advantage Prestige One of South India’s Leading Developers with a Legacy spanning over 25 years, 163 projects and over 46.97 msf of Developed area and 40 msf of Ongoing Projects Strong Joint Iconic developments Venture partners Dedicated and Well like Forum Mall, like CapitaLand, Experienced Senior
Slide 33: Management: Board of Directors
Management 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 Directo
Slide 34: Executive Management
Executive Management Key Management Personnel 1 2 3 4 5 6 7 8 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 Comm. Retail Land Acquisition Liasio
Slide 35: Shareholding Pattern
Shareholding Pattern Promoters Foreign Institutional Investors Mutual Fund Public & Others 2% 6% 12% 80% As on 30 June, 2012 FY 12-13 QI Turnover : Rs 2,464 mn FY 12-13 Guidance : Rs 15,000 mn 35
Slide 36: 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 37: Thank You
Thank You Prestige Estates Projects Ltd. Mr. Venkat K. Narayan The Falcon House, Executive Director - Finance & 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.prestige
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