Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Merger or Acquisition (August 2019)
20 slides from Phoenix Mills's merger presentation, Aug 7, 2019
Slide 1: Cover letter to stock exchanges on Scheme of Amalgamation
�..� THE PHOENIX 'Y' MILLS LIMITED Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Fir., R.R Hosiery, Off. Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax : (022) 3001 6601 www.thephoenixmills.com August 7, 2019 BSE Limited National Stock Exchange of India Limited Phiroze Je
Slide 2: Scheme Synopsis
Scheme Synopsis August 2019 Amalgamation of Phoenix Hospitality Co. Pvt. Ltd. (PHCPL) with The Phoenix Mills Limited (PML)
Slide 3: Disclaimer
Disclaimer The information in this presentation pertaining to The Phoenix Mills Limited and Phoenix Hospitality Company Private Limited (individually referred to as the “Company and together, the “Companies”), its business assets, strategy and operations is for general informational purposes only, a
Slide 4: Brief Transaction Details
Brief Transaction Details Amalgamation of Phoenix Hospitality Co. Pvt. Ltd. (PHCPL) with The Phoenix Mills Limited (PML) PML owns 56.92% of PHCPL with the balance 43.08% stake owned by Ruia International Holding Co. Pvt. Ltd. (RIHCPL) TRANSACTION OVERVIEW RIHCPL is a promoter group entity Th
Slide 5: Transaction Rationale
Transaction Rationale Direct holding by PML in key operating companies Consolidation of holding in operating entities under PML: As part of the proposed Scheme, PHCPL will be merged with PML and therefore post Scheme, PML will directly hold the following stakes: 50% in Starboard Hotels (Palladiu
Slide 6: Transaction Timing
Transaction Timing Continuation of PML’s Stake Consolidation across subsidiaries Over the years, PML has progressively increased its stake across marquee assets COMPLETED (FY 13 – 18) Phoenix Market City, Mumbai Phoenix Market City, Pune Phoenix Market City, Chennai Phoenix United – Lucknow, Bareill
Slide 7: PHCPL Shareholding
PHCPL Shareholding Current & Final Ownership Structure Current Structure Proposed Transaction Steps Promoter Group Public Step 2: PML to allot its Promoter Group Public shares to RIHCPL in lieu 62.75% of the holding in PHCPL 37.25% RIHCPL 43.08% Phoenix Hospitality Co. Pvt. 56.92% Phoenix Hospitalit
Slide 8: PML Shareholding
PML Shareholding Current and Post Scheme Shareholding Pattern Current Shareholding Post Scheme Shareholding Ruia International Ruia Public 32.18% Public International 37.25% Promoters: Promoters: 62.75% 35.79% 34.84% 64.21%* Other Promoter Other Entities Promoter 30.57% Entities 29.36% Post amalgama
Slide 9: Indicative Activities & Timeline for Completion
Indicative Activities & Timeline for Completion PML & PHCPL SEBI and Stock Submission of NCLT convened NCLT approval Allotment of Listing of shares Board to Exchanges’ the Scheme to shareholder for the Scheme shares by PML allotted approve the Approvals NCLT meetings (E- pursuant to the amalgamation
Slide 10: Advisors to the Transaction
Advisors to the Transaction Independent Valuers Fairness Opinion Issued By Legal Advisors Real Estate Consultant 9
Slide 11: Annexures
ANNEXURES Asset Details & Other Information
Slide 12: PML: Post Scheme Asset Base
PML: Post Scheme Asset Base Fully Owned and through Alliances/ Partnerships Post Scheme, PML will have its largest asset base of fully held rent yielding assets in its operating history so far FULLY OWNED ASSETS (5.80 MSF) CURRENT Scheme (4.98 MSF)# ALLIANCES / PARTNERSHIPS (6.53 MSF)# HSP & Palladi
Slide 13: One Bangalore West
One Bangalore West Asset Overview Asset Façade & Interiors BRIEF DETAILS Launched Total Area 2.20 MSF Area 1.49 MSF Area Sold^ 1.29 MSF Avg. Sales Sales Value^ Rs. 13,070 Mn. Price^ Rs. 14,150 PSF LOCATION DYNAMICS Malls & Offices Social Infrastructure Connectivity Sandal Soap Factory Subway St. – 1
Slide 14: Kessaku, Bengaluru
Kessaku, Bengaluru Asset Overview Asset Façade & Features BRIEF DETAILS Launched Total Area 0.99 MSF Area* 0.52 MSF Area Sold^ 0.27 MSF Avg. Sales Sales Value^ Rs. 3,925 Mn. Price^ Rs. 14,739 PSF Art Inspired Lobbies LOCATION DYNAMICS Malls & Offices Social Infrastructure Connectivity Sandal Soap Fa
Slide 15: Phoenix Paragon Plaza, Mumbai
Phoenix Paragon Plaza, Mumbai Asset Overview Asset Façade BRIEF DETAILS Leasable Area 0.41 MSF Structure 1 Tower 6 Floors 2 Basement LOCATION DYNAMICS Commercial Developments Social Infrastructure Connectivity Jagruti Nagar Metro Phoenix Market City: <0.1 KM Station: 2.6 KM Equinox Kanakia Zillion H
Slide 16: The Fountainhead, Pune
The Fountainhead, Pune Asset Overview Asset Façade & Interiors BRIEF DETAILS Leasable Area 0.71 MSF Structure 3 Towers* 13 Floors 2 Basement LOCATION DYNAMICS Grand Entrance Lobby Commercial Developments Social Infrastructure Connectivity Phoenix Market City: <0.1 KM Pune Station: 6.6 KM Proposed Me
Slide 17: Palladium, Chennai
Palladium, Chennai Asset Overview Asset Façade & Interiors BRIEF DETAILS: MIXED USE DEVELOPMENT Leasable Area 0.66 MSF* Structure 1 Tower 6 Floors^ 2 Basement LOCATION DYNAMICS Malls & Offices Social Infrastructure Connectivity Denaturals Hospital: <2.0 KM Indiranagar Station: 7.6 KM RMZ Millenia Ph
Slide 18: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra Asset Overview Asset Façade BRIEF DETAILS Event Event 23,314 Keys 193 Restaurants 4 Rooms 8 Spaces Sq. Ft. LOCATION DYNAMICS KEY AMENITIES Tourist Attractions Connectivity Fitness Wi Fi Enabled Centre Natural Preserve Agra Station Taj Mahal <8.0 KM <2.0 KM <3.0 KM Swimmin
Slide 19: Asset Base Performance
Asset Base Performance Key Operating and Financial Metrics Operating Metrics Residential Commercial Retail Hospitality Particulars Particulars OBW Kessaku PPP Fountainhead, Palladium Particulars Courtyard by Mumbai Pune Chennai Total Area (MSF) 2.20 0.99 Marriott, Agra Area Launched (MSF) 1.48 0.52
Slide 20: Thank You
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