Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q3 FY2013-14 Earnings Presentation
59 slides from Prestige Estates Projects's earnings presentation, February 2014
Slide 1: Investor Presentation QIII FY 2013-14
INVESTOR PRESENTATION QIII FY 2013 -14 www.prestigeconstructions.com
Slide 2: Index
Index HIGHLIGHTS OF QIII 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 QIII FY 2013-14
HIGHLIGHTS OF QIII FY 2013-14 www.prestigeconstructions.com
Slide 4: Financial Highlights QIII FY 2013-14
Highlights of QIII FY 2013-14 Financial Highlights Quarter III FY Quarter III FY Quarter II FY 9 Months FY 9 Months FY Particulars 13-14 12-13 13-14 13 -14 12-13 Turnover (Rs. Mn) 4600 5116 5041 14934 10189 EBIDTA (Rs. Mn) 1614 1619 1476 4689 3514 EBIDTA % 35% 32% 29% 31% 34% PAT (Rs. Mn) 807 920 77
Slide 5: Operational Highlights QIII FY 2013-14
Highlights of QIII FY 2013-14 Operational Highlights Quarter III FY Quarter III FY Quarter II FY 9 Months FY 9 Months FY Particulars 13-14 12-13 13-14 13 -14 12-13 New Sales - Total Amount (Rs. Mn) 12620 8739 11497 35560 30767 Area (Mnsf) 2.08 1.69 1.96 6.01 6.06 Avg Realization/Sft (Rs) 6080 5171 5
Slide 6: Turnover, EBIDTA & PAT
Highlights of QIII FY 2013-14 Turnover, EBIDTA & PAT (Rs. Mn) 5875 6000 5293 5116 5041 5000 4600 4000 3000 2000 1619 1599 1599 1614 1476 920 890 866 1000 778 807 Turnover EBIDTA 0 Q3 FY13 Q4 FY13 Q1 FY14 Q2 FY14 Q3 FY14 PAT www.prestigeconstructions.com
Slide 7: Collections, Sales, WACC and Rental Income trends
Highlights of QIII FY 2013-14 Collections (Rs. Mn) Sales (QOQ) (Rs. Mn) 7000 6074 6198 14000 12620 5923 11442 11497 6000 5328 12000 10685 5076 10229 9402 5000 10000 8739 7540 4000 8000 6507 3000 5416 6000 2000 4000 1000 2000 0 0 Q3 FY13 Q4 FY13 Q1 FY 14 Q2 FY14 Q3 FY14 Q3 Fy13 Q4 FY14 Q1 FY 14 Q2 FY
Slide 8: Launches/Pre Launches during QIII FY14
Highlights of QIII FY 2013 - 14 Business Performance Launches/Pre Launches during QIII FY14 Developable Economic No. of Units No. of Units Sl.No Project Location Segment Area (Mnsf) Interest (Total) (PEPL Share) Quarter I 1 Prestige West Woods Bangalore Residential 1.02 60.00% 567 341 2 Prestige Aug
Slide 9: Completions during QIII FY 13-14
Highlights of QIII FY 2013 - 14 Business Performance Completions during QIII FY 13-14 Developable Economic Prestige Share Project Location Segment Area (Mnsf) Interest (Mnsf) Quarter I Forum Vijaya Mall Chennai Retail 1.16 50.00% 0.58 Forum Vijaya - Commercial Chennai Commercial 0.55 50.00% 0.28 Ces
Slide 10: Area Leased during QIII FY 13-14
Highlights of QIII FY 2013 - 14 Business Performance Area Leased during QIII FY 13-14 As on 31 December, Current Quarter III FY 13-14 2013 (Cumulative) Rental Area Yet Segment Prestige Prestige Yielding to Yield Total Total Area Share Share Office 0.24 0.08 8.91 5.02 4.23 0.79 Retail 0.61 0.22 3.24
Slide 11: Financials Update
FINANCIALS UPDATE www.prestigeconstructions.com
Slide 12: Balance Sheet as at 31 December 2013
Financials Balance Sheet as at 31st December, 2013 Rs. Mn As at As at As at Particulars 31-Dec-13 30-Sep-13 31-Mar-13 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,500 3,500 3,500 (b) Reserves and surplus 26,033 25,227 23,584 29,533 28,727 27,084 (2) Non-current liabilities (
Slide 13: Profit & Loss Account
Financials Profit & Loss Account for the period ended 31st December, 2013 Rs. Mn Quarter ended Period ended Year ended Particulars 31-Dec-13 30-Sep-13 31-Dec-12 31-Dec-13 31-Dec-12 31-Mar-13 (I) Revenue from Operations 4,305 4,753 4,921 14,040 9,527 15,124 (II) Other Income 295 288 195 893 662 939 (
Slide 14: Key Ratios
Financials Rs. Mn Key Ratios Quarter Ended Year Ended Sl. No. Particulars 31-Dec-13 30-Sep-13 31-Dec-12 31-Mar-13 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 4,305 4,753 4,921 15,124 2 Other Income 295 288 195 939 3 Total Income
Slide 15: Key Ratios
Financials Key Ratios Rs. Mn Quarter Ended Year Ended Sl. No. Particulars 31-Dec-13 30-Sep-13 31-Dec-12 31-Mar-13 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 1,181 26% 1,128 22% 1,327 26% 3,887 24% 12 Tax 374 350 407 1,125 13 PAT 807 18% 778 15% 920 19% 2,762
Slide 16: Sales Summary
SALES SUMMARY www.prestigeconstructions.com
Slide 17: Sales Summary
Sales Summary Area in Mnsf Rs. Mn Prestige Share Q1 FY 2014 Q2 FY 2014 Q3 FY 2014 9 Months FY14 FY 13 Area Units Value Area Units Value Area Units Value Area Units Value Area Units Value Residential 1.76 1,132 10,106 1.72 1,105 10,269 1.53 904 9,258 5.00 3,141 29,633 4.90 2,799 26,146 Commercial 0.0
Slide 18: 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 31.12.2013 31.12.13 POC A Residential Projects 1 Prestige Bella Vista 9,727 4,3
Slide 19: 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 31.12.2013 31.12.13 POC A Residential Projects 21 Prestige Jade Pavilion 589 58
Slide 20: Project Debtors Summary
Project Debtors Summary Rs in Mn Rs. Mn Opening Balance New Sales / Amount Closing Balance as Name of the Project as at 01.10.2013 Adjustment Realised at 31.12.2013 Completed Projects Prestige Cyber Towers 354 (150) 2 202 Prestige Oasis 603 76 86 593 Prestige Shantiniketan 1,338 161 271 1,228 Presti
Slide 21: 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 31.12.2013 Other Ongoing Projects Prestige Technopolis - - - 58 - Prestige Polygon - - - 50 - Prestige Glenwood - - - 116 - Prestige Maybe
Slide 22: Debt Profile
Debt Profile Rs. Mn Consolidated Particulars Standalone % % Loan * Debt as on 31.12.2013 Secured Loan 16,030 100% 27,026 100% a. Project Debt - Resi & Comm 11,691 73% 13,863 51% b. Capex Loans - Office Space 779 5% 3,787 14% - Retail - - 715 3% - Hospitality 1,604 10% 2,384 9% c. Rental Securitisati
Slide 23: Receivables Profile
Receivables Profile Area in Mnsf Rs. Mn Net Cash Flows of Ongoing Projects: 66,706 = (A+B-C) 23
Slide 24: Rental Income
Rental Income Area in Mnsf Rs. Mn 24
Slide 25: 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 Area Leasable Area Prestige Share Rent Per Sft (Annualised) Existing Rental Income as on 31 December,2013 1 Prestige Estates Projects Ltd Commercial 1
Slide 26: Project Portfolio & Update
PROJECT PORTFOLIO & UPDATE www.prestigeconstructions.com
Slide 27: Business Segments
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 28: Product Mix – Segment Wise
Product Mix – Segment Wise Ongoing Projects Upcoming Projects Total Area – 56.94 Mnsf Total Area – 31.15 Mnsf 2% 5% 9% 19% Residential Residential 19% Commercial Commercial Retail Hospitality Retail 70% 76% No. of Developable No. of Developable Segment Segment Projects Area (Mnsf) Projects Area (Mns
Slide 29: Product Mix – Geography Wise
Product Mix – Geography Wise Ongoing Projects Upcoming Projects Total Area – 56.94 Mnsf Total Area –31.15 Mnsf 0% 1% 2% 12% 4% 0% 3% Bangalore Bangalore 10% 5% Chennai Cochin Cochin Hyderabad Hyderabad Mangalore Mangalore Mysore Ooty 80% 83% No. of Developable No. of Developable City City Projects A
Slide 30: 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 31: 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 23 Prestige Ferns Residency Bangalore 3.29 62.00% 2.04 1,324 821 24 Prestige Misty Waters Bangalore 1.02 51.00% 0.52 558 285 25 Prestige West Holmes Man
Slide 32: 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 33: 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 34: 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 Kakanad Property Cochin 0.80 70.00% 0.56 3 Prestige Greenmoor Bangalore 0.39 25.00% 0.10 4 Prestige South Woods Bangalore 1.28 67.
Slide 35: 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 36: 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 37: About Prestige
ABOUT PRESTIGE www.prestigeconstructions.com
Slide 38: Advantage Prestige
ADVANTAGE PRESTIGE Iconic developments like Spearheaded by Real Estate Forum Mall, Prestige Icon, Mr. Irfan Razack & his Shantiniketan, UB City, brothers Prestige Golfshire etc Mr. Rezwan and Legacy Spanning over 26 years Mr. Noaman Razack Awarded with financial One of South India’s Leading rating o
Slide 39: 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 39
Slide 40: Board of Directors
Board of Directors Irfan Razack Rezwan Razack Noaman Razack Chairman & Managing Director Joint Managing Director Wholetime Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Independent Director Independent Director Independent Director Independent Director 40
Slide 41: Executive Management
Executive Management Faiz Rezwan Uzma Irfan Sana Rezwan Zackria Hashim Zaid Sadiq Executive Director Executive Director Executive Director Executive Director Executive Director Contracts & Projects Corporate Comm. Retail Land Acquisition Liasioning & Hospitality V. Gopal Arvind Pai Nayeem Noor Asha
Slide 42: Shareholding Pattern
Shareholding Pattern Mutual Funds, 6% Others, 2% FII, 17% Promoters, 75% As on 31 December, 2013 www.prestigeconstructions.com 42
Slide 43: Awards & Recognition
AWARDS & RECOGNITION www.prestigeconstructions.com
Slide 44: Awards & Recognition – ICRA rating
Awards & Recognition External Financial rating of A- by ICRA Prestige Estates Projects Limited has been awarded with external financial rating of A- by ICRA www.prestigeconstructions.com 44
Slide 45: Awards & Recognition – CNBC Real Estate Awards
Awards & Recognition CNBC Real Estate Awards 2013 for Prestige Notting Hill-Best Residential Project under Mid-Segment in Bengaluru city. www.prestigeconstructions.com 45
Slide 46: Awards & Recognition – CNBC Real Estate Awards
Awards & Recognition CNBC Real Estate Awards 2013 for Prestige White Meadows – Best Residential Project under Ultra Luxury Segment in Bengaluru City – 50% complete www.prestigeconstructions.com 46
Slide 47: Project Snapshot
PROJECT SNAPSHOT A Virtual Tour www.prestigeconstructions.com
Slide 48: New Launches: Prestige Lakeside Habitat
Project Snapshots - New Launches during the quarter Prestige Lakeside Habitat Perspective 48
Slide 49: New Launches: Prestige Lakeside Habitat
Project Snapshots - New Launches during the quarter Prestige Lakeside Habitat Perspective 49
Slide 50: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Ferns Residency Prestige Park View Prestige Bella Vista Prestige Casabella 50
Slide 51: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige White Meadows Prestige Royal Woods Prestige Edwardian Prestige Garden Bay 51
Slide 52: Project Snapshots – Residential Projects
Project Snapshots – Residential Projects Current Construction Progress Prestige Glenwood Prestige Hermitage Prestige Mayberry Kingfisher Towers 52
Slide 53: Project Snapshots – Commercial Projects
Project Snapshots – Commercial Projects Current Construction Progress Prestige Tech Park III Exora Business Park – B2 Cessna Business Park – B8 Prestige Khoday Tower 53
Slide 54: Project Snapshots – Retail Projects
Project Snapshots – Retail Projects Current Construction Progress Forum Sujana Mall Forum Mangalore Mall Mysore Central Mall Forum Mysore Mall 54
Slide 55: Project Snapshots – Hospitality Projects
Project Snapshots – Hospitality Projects Current Construction Progress Aloft Hilton www.prestigeconstructions.com 55
Slide 56: Guidance Vs Achieved
GUIDANCE VS ACHIEVED www.prestigeconstructions.com
Slide 57: Guidance Vs Achieved
Guidance Vs Achieved Cumulative-9 Target for Full Particulars months ended % Achieved Year ( FY 13-14) 31.12.2013 Sales (Rs. Mn) 43,000 35,560 83% Turnover (Rs Mn) 20,000 14,934 75% Collections (Rs. Mn) 23,000 21,618 94% Launches (Mnsf) 14.00 12.86 92% Leasing (Mnsf) 2.00 2.09 104% Exit Rental Incom
Slide 58: 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 59: 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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