Prozone Realty Ltd · NSE:PROZONER
Prozone Realty — Prozone Intu Properties — Q2 FY20 Earnings Presentation
35 slides from Prozone Realty's earnings presentation, Nov 15, 2019
Slide 1: Cover letter to stock exchanges for investor presentation
prozone intu Dated: 14th November 2019 National Stock Exchange of India Limited BSELimited Exchange Plaza Listing Deparbnent Bandra Kurla Complex, Bandra (E) P.J. Towers, Dalal Street, Fort Mumbai 400 051 Mumbai 400 001 Scrip: PROZONINTU Scrip: 534675 Dear Sir/Madam, Subject: Presentation to be shar
Slide 2: Upward And Forward: Q2 FY20 Results Update Presentation
Upward Q2 FY20 RESULTS UPDATE PRESENTATION And Forward NOV 2019 PROZONE INTU PROPERTIES LIMITED 0
Slide 3: Table of Contents
TABLE OF CONTENTS 01 Quarterly Business Update 02 Financial Results 03 Asset Snapshot 04 Annexure 1
Slide 4: Quarterly Business Update
QUARTERLY BUSINESS UPDATE 2
Slide 5: Q2 & H1FY20 Key Highlights: Revenue & Revenue Mix
Q2 & H1FY20 – KEY HIGHLIGHTS : REVENUE & REVENUE MIX Q2 FY20 YoY Analysis Total Revenue (Rs. Mn) Lease Rental & Related Income EBIDTA & EBIDTA Margin 450.0 79.5% 250.0 400.0 300.0 57.0% 280.0 350.0 200.0 260.0 80.0% 240.0 300.0 220.0 60.0% 150.0 200.0 250.0 435 180.0 219 160.0 40.0% 200.0 192 140.0
Slide 6: Q2 & H1 FY20 Results Highlights
Q2 & H1 FY20 RESULTS HIGHLIGHTS 01 Revenue o Income from Mall has gone up by 14% & 22% on YoY quarterly & half yearly basis respectively. 02 Q2 EBITDA at Rs 176.2 mn, with a margin of 79.5% o Change in revenue mix led to increased margin. o H1 FY20 EBITDA stood at Rs 355.5 mn with margin of 79.8% 03
Slide 7: Financial Results: Consolidated Income Statement
FINANCIAL RESULTS: CONSOLIDATED INCOME STATEMENT Rs. Mn. Q2 FY20 Q2 FY19 YoY Q1 FY20 QoQ H1 FY20 H1 FY19 YoY Revenue from Real Estate Projects 3.3 202.1 - 0.9 4.1 202.1 - Lease Rental & Related Income 218.5 192.0 13.8% 222.7 -1.9% 441.2 362.1 21.9% Total Income from operations 221.8 394.1 -43.7% 223
Slide 8: Prozone Intu on a Strong Footing
PROZONE INTU ON A STRONG FOOTING 01 Leasing at Coimbatore mall & Aurangabad mall currently stands at 95% and 76% respectively, annuity income to reach optimum levels in FY20. 3 New brands commenced operations at Aurangabad Mall in Q2 including McDonald, 02 Beccos & Go Colors. Further 3 brands
Slide 9: Current Focus Areas
CURRENT FOCUS AREAS 01 Focus is on Letting out the balance space and maintain effective Brand mix by undertaking churn at the mall. AURANGABAD MALL About 8% of area is under advance stage of discussion with brands like Iconic kids, Ximivogue, Taco Bell, Ethnix, Chumbak, aLL, and expansion for mu
Slide 10: Asset Snapshot
ASSET SNAPSHOT prozone intu
Slide 11: Operating/Development Assets
OPERATING/DEVELOPMENT ASSETS Aurangabad Mall Nagpur Mall Nagpur Residential Coimbatore Mall Aurangabad PTC Coimbatore Residential 9
Slide 12: Retail – Aurangabad Mall Update
RETAIL – AURANGABAD MALL UPDATE Key Operating Parameters Q2 FY20 Gross Leased Area (lakh sq.ft.) 5.3 Current Leasing Status 76% Number of Stores Signed 114 Retailer Sales (Rs. Mn.) 649 Average Monthly Trading Density (Rs/sq ft) 526 Footfalls (Mn.) 2.5 Occupancy Footfall & Trading Density 2.4 2.5 1.1
Slide 13: Empire Mall (Aurangabad) – Financial Snapshot
EMPIRE MALL (AURANGABAD) – FINANCIAL SNAPSHOT Operational Details (Rs. Mn.) Q2 FY20 Q1 FY20 Q4 FY19 Q3 FY19 Q2 FY19 Area Leased (lakh sq. ft.) 5.3 5.3 5.6 5.4 5.7 % Leased 76% 75.6% 81% 83% 83% Sale of Premises 3.3 0.9 50.8 134.7 202.1 Rental Income 54.8 56.9 62.5 56.9 52.5 Recoveries *(CAM & Other)
Slide 14: New Stores Opened at Aurangabad Mall
NEW STORES OPENED at AURANGABAD MALL 12
Slide 15: Brand Partners at Aurangabad Mall
BRAND PARTNERS AT AURANGABAD MALL 13
Slide 16: Events at Aurangabad Mall
EVENTS AT AURANGABAD MALL Friendship Day & Open Mic Red FM Anniversary Independence Day Fun Run 14
Slide 17: Commercial Update Aurangabad – PTC Phase 1 OC Received
COMMERCIAL UPDATE AURANGABAD – PTC PHASE 1 Prozone Trade Center (PTC) Phase 1 Q2 FY20 OC RECEIVED Total Area Launched (sqft) 190,318 Total Units Launched (No) 117 Total Area Sold (sqft) 146,869 % Total Area Booked 77% Avg. Sale Rate per sqft (Rs) 3,471 • Multiple units have already commenced operati
Slide 18: Commercial Update Aurangabad – PTC Phase 1
COMMERCIAL UPDATE AURANGABAD – PTC PHASE 1 Lobby View Operational Units 16
Slide 19: Financial Snapshot - Coimbatore Mall
FINANCIAL SNAPSHOT - COIMBATORE MALL Key Operating Parameters Q2 FY20 Gross Leased Area (lakh sq.ft.) 4.75 Current Leasing Status 95% Number of Stores Signed 121 Retailer Sales (Rs. Mn.) 724 Average Monthly Trading Density (Rs/sq ft) 773 Footfalls (Mn.) 2.1 Occupancy Footfall & Trading Density 2.1 1
Slide 20: Financial Snapshot - Coimbatore Mall
FINANCIAL SNAPSHOT - COIMBATORE MALL Operational Details (Rs. Mn.) Q2 FY20 Q1 FY20 Q4 FY19 Q3 FY19 Q2 FY19 Area Leased (lakh sq. ft.) 4.75 4.61 4.51 4.47 4.47 % Leased 95% 92% 90% 89% 89% Rental Income 78.5 79.7 80.1 71.1 62.5 Recoveries* (CAM & Other) 47.3 47.6 42.9 38.3 38.2 Total Income 125.7 127
Slide 21: New Store Opening at Coimbatore Mall
NEW STORE OPENING AT COIMBATORE MALL 19
Slide 22: Brand Partners at Coimbatore Mall
BRAND PARTNERS AT COIMBATORE MALL 20
Slide 23: Events at Coimbatore Mall
EVENTS AT COIMBATORE MALL Comedy Night by Radio Mirchi Onam Flora Pookolam Contest Kovai Cool Auto Bazaar 21
Slide 24: Project Update - Coimbatore - Residential
PROJECT UPDATE - COIMBATORE - RESIDENTIAL ______________________________ Coimbatore Residential (CGI) • ~1.9 m sqft of residential ______________________________ • 7 towers of 18 floors comprising 1,152 apartments ______________________________ • 3 towers of 18 floors comprising 540 apartments plann
Slide 25: Project Update – Nagpur
PROJECT UPDATE – NAGPUR ______________________________ • 0.5m sqft of retail space Nagpur mall design (CGI) under advanced stage of approvals • 0.39m additional development potential ______________________________ • 4.5m catchment population ______________________________ • 15.7 acres of residential
Slide 26: Nagpur Residential Towers Nearing Completion
NAGPUR RESIDENTIAL TOWERS NEARING COMPLETION Update & Future Plan • Development of 4 towers is in full swing along with external infrastructure work. Construction is ~ 95% complete • Design and planning for residential Phase 2 (approx. 350 apartments) on railway land is finalized 24
Slide 27: 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 28: Disclaimer
DISCLAIMER Generic Disclaimer The following is a general overview of Prozone INTU Properties 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 agreemen
Slide 29: Thank You
THANK YOU Email: investorservice@prozoneintu.com Nachiket Kale/ Mehul Mehta Website: www.prozoneintu.com IR Consultant Contact: 9920940808/ 9820280325 Email: prozone@dickensonworld.com 27
Slide 30: Annexure
prozone intu BW 28
Slide 31: About Us
ABOUT US • Prozone Intu Properties Ltd. (Prozone Intu) is developed by Promoters and financially participated by Intu Properties Plc. It is set up to create, develop and manage world-class regional shopping centres and associated mixed-use developments Pan-India. BUSINESS • Prozone Intu’s strategy i
Slide 32: 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 33: 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 34: Our Board of Directors
OUR BOARD OF DIRECTORS Nikhil Chaturvedi Dushyant Sangar Founder and Managing Director, Nikhil is a visionary Mr. Dushyant Sangar is the Corporate Development and hands-on leader, who inspires the organisation Director of Intu Properties plc and is a member of Intu's Executive Committee which is res
Slide 35: Shareholding Update
SHAREHOLDING UPDATE Shareholding in % – Sep 2019 Others, Promoters 29.1% 30.8% FII, 7.8% Intu Properties, 32.4% Key Investors Holding (%) ACACIA Partners 1.5% Aditya Chandak & Family 1.8% Rakesh Jhunjhunwala 2.1% Rajesh Narang 1.5% Source: BSE 33
Prozone Intu Properties — Q2 FY20 Earnings Presentation on 6ix