Puravankara Limited · NSE:PURVA
Puravankara — Q2 FY20 Earnings Presentation
42 slides from Puravankara's earnings presentation, September 2019
Slide 1: Puravankara Limited
The Tree by Provident Puravankara Limited September 2019
Slide 2: Contents
Contents ▪ Company Overview 3-4 ▪ Development Bank 5- 7 ▪ Area Information 8-9 ▪ Launch pipeline 10 ▪ Sales 11 - 13 ▪ Cash Flows 14 - 16 ▪ Income Statement 17 – 19 ▪ Balance Sheet 20 - 21 ▪ Debt 22 - 23 ▪ Shareholding Pattern and Stock Performance 24 - 26 ▪ Select Project Pictures 27 - 31 ▪ Appendix
Slide 3: Company Overview
PURAVANKARA Company Overview
Slide 4: Overview
Overview ❖ One of India's leading real estate developers with an established presence in the residential segment (luxury and affordable housing) and in commercial office spaces ❖ With over 4 decades of domain expertise, Puravankara has established itself as a developer of repute ❖ Completed 70 resid
Slide 5: Development Bank
PURAVANKARA Development Bank
Slide 6: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development Land portfolio in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 29.81 10.22 42.55 52.77 Chennai 6.26 1.64 11.71 13.35 Hyderabad 0.59 2.35 - 2.35 Kochi 1.89 3.43 4.21 7.64 Others 1.39 0.42 1.01 1.
Slide 7: Ongoing and New Launches
Ongoing and New Launches Provident accounts for 3/4th of the launch pipeline; Non-Bengaluru projects now account for 53% of the in line with the market trends and the Group‘s share of ongoing and 77% of new launches* strategy New Launches New Launches 2% 23% 16% 26% 35% Ongoing Ongoing 48% 16% 50% 5
Slide 8: Area
PURAVANKARA Area
Slide 9: Sales and project delivery trends: steady progress
Sales and project delivery trends : steady progress Annual Sales Area (in Msft) Half yearly Sales Area (in Msft) 4.00 3.56 2.00 1.70 3.50 3.25 1.51 1.38 1.50 0.03 3.00 - 0.65 2.50 0.61 2.15 1.00 0.66 1.89 2.00 0.52 1.51 1.50 0.50 0.87 0.72 1.00 0.52 - 0.50 H1FY18 H1FY19 H1FY20 0.00 FY16 FY17 FY18 FY
Slide 10: Launch pipeline
Launch pipeline Sr. no Location/ Project City Development Model Development Developable Area PPL Share in JD Saleable area Expected launch date Name Type (msft) Puravankara 1 Westend 2 Bengaluru Joint Development Residential 0.10 78% 0.08 Q4FY20 2 Bavdhan Pune Joint Development Residential 0.31 90%
Slide 11: Sales
PURAVANKARA Sales 11
Slide 12: Sales – Q2FY20 Vs Q2FY19
Sales – Q2FY20 Vs Q2FY19 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-19 Sep-18 % Sep-19 Sep-18 % Sep-19 Sep-18 % Sep-19 Sep-18 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.43 0.25 74% 329 173 90% 296 149 99% Completed 0.29 0.16 77%
Slide 13: Sales – H1FY20 Vs H1FY19
Sales – H1FY20 Vs H1FY19 Based on Bookings Half Year Ended Area Sold Units Sold Sale Value Sale Realization Sep-19 Sep-18 % Sep-19 Sep-18 % Sep-19 Sep-18 % Sep-19 Sep-18 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.95 0.51 87% 682 335 104% 645 344 88% Completed 0.60 0.28 1
Slide 14: Cash Flows
PURAVANKARA Cash Flows 14
Slide 15: Potential Cash Flow from completed and ongoing projects
Potential Cash Flow from completed and ongoing projects Rs. crores Puravankara Provident Total Balance collections from sold units 1 (A) 866 1,139 2,005 Value of Inventory open for sale 2 (B) 2,633 1,523 4,156 Balance cost to go 3 (C) 878 1,066 1,944 Surplus (A) + (B) – (C) (D) 2,622 1,596 4,218 Sur
Slide 16: Cash Flow Statement – Growing operating surplus
Cash Flow Statement – Growing operating surplus Rs. crores Cash Flow Statement FY 19 Q1 FY 2020 Q2 FY 2020 H1 FY 2020 A Operating Inflows 1,594.4 474.1 477.2 951.3 B Operating Outflows (1,313.3) (335.3) (275.6) (610.8) C=A-B Operating Surplus 281.1 138.9 201.6 340.5 Less Interest Cost( Net ) (325.0)
Slide 17: Income Statement
PURAVANKARA Income Statement 17
Slide 18: Consolidated Statement of Profit & Loss for the quarter ended 30 September 2019
Consolidated Statement of Profit & Loss for the quarter ended 30 September 2019 Rs. crores Q2FY20 Q1FY20 Q2FY19 Particulars Unaudited Unaudited Unaudited Income from operations Revenue from projects 611.81 630.05 477.19 Other Income 12.00 15.50 22.09 Total Income from operations 623.81 645.55 499.28
Slide 19: Consolidated Statement of Profit & Loss for the Half Year ended 30 September 2019
Consolidated Statement of Profit & Loss for the Half Year ended 30 September 2019 Rs. crores Particulars H1FY20 Unaudited H1FY19 Unaudited Income from operations Revenue from projects 1,241.86 859.21 Other Income 27.50 34.77 Total Income from operations 1,269.36 893.98 Expenses Sub-contractor cost 1
Slide 20: Balance Sheet
PURAVANKARA Balance Sheet 20
Slide 21: Consolidated Balance Sheet as at 30 September 2019
Consolidated Balance Sheet as at 30 September 2019 Rs. crores September September March March 2019 Equity and Liabilities 2019 Assets 2019 2019 Unaudited Unaudited Unaudited Unaudited Shareholders' Funds Non-Current Assets Equity Share Capital 119 119 (a) Property, plant and equipment 95 63 Other Eq
Slide 22: Debt
PURAVANKARA Debt 22
Slide 23: Debt Structure – As on 30 September 2019
Debt Structure – As on 30 September 2019 in Rs. Cr Q2FY20 Q1FY20 Q4FY19 Q3FY19 Q2FY19 Opening Balance 2,889 2,921 2,902 2,642 2,438 Net Addition (Repayment) -62 -32 19 260 204 Debt Outstanding 2,827 2,889 2,921 2,902 2,642 Less: Cash and Cash Equivalents 213 190 178 153 185 Net debt 2,614 2,699 2,74
Slide 24: Shareholding Pattern and Stock Performance
Shareholding Pattern and Stock Performance 24
Slide 25: Shareholding Pattern – as on 30 September 2019
Shareholding Pattern – as on 30 September 2019 Others DIIs 7% 2% FPIs 16% Promoters 75% Key Shareholders Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate GHI Life Insurance Corporation College Retirement Equities Fund General Insurance Corporation Atyant Capital Franklin
Slide 26: Stock Performance
Stock Performance Relative to BSE Realty Index and Sensex during September 30, 2018 to September 30, 2019 140 130 120 110 100 90 80 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19 Mar-19 Apr-19 May-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19 Puravankara Sensex BSE Realty 30-Sep-19 Price on BSE 65 % Change QoQ -
Slide 27: Select Project Pictures
PURAVANKARA Select Project Pictures 27
Slide 28: Actual Project Pictures
PURAVANKARA Actual Project Pictures PURVA ESIEND
Slide 29: Actual Project Pictures
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Slide 30: Actual Project Pictures
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Slide 31: Actual Project Pictures
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Slide 32: Appendix 1: Project Status
Appendix 1 : Project Status 32
Slide 33: Current Project Status – As of 30 September 2019
Current Project Status – As of 30 September 2019 Puravankara's JD / JV Share Share - S.No. Project Location Developable Area Total Flats for Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Amaiti Trichy R
Slide 34: Current Project Status – As of 30 September 2019 (contd.)
Current Project Status – As of 30 September 2019 – (contd.) Puravankara's JD / JV Share for Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION Puravanka
Slide 35: Current Project Status – As of 30 September 2019 (contd.)
Current Project Status – As of 30 September 2019 – (contd.) Puravankara's Developable JD / JV Share for Share - S.No. Project Location Total Flats Area Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES NOT OPEN FOR SALE Pur
Slide 36: Appendix 2: Corporate Information
Appendix 2 : Corporate Information 36
Slide 37: Dedicated management team with collective experience of almost 200 years
Dedicated management team with collective experience of almost 200 years-committed to best practices of corporate governance Executive team Non-Executive team Ravi Puravankara Anup Shah Sanmukh Chairman Non- Executive Independent Director • Over 44 years of experience in real estate industry • Bache
Slide 38: Media & Capital Market Recognition
Media & Capital Market Recognition Media stories focusing on affordable housing, smart homes, theme based projects, co-living and warehousing space has further propelled our growth story @Puravankara Q2 FY19-20 36
Slide 39: Awards and achievements
Awards and achievements Awards for Puravankara Limited ❖ 14th Construction World Architect & Builder (CWAB) Awards - India's Top Challengers 2018-19 – Puravankara Limted ❖ Construction Week Awards - High Rise Project of the Year – Purva Westend ❖ Construction Week Awards - Real Estate Person of the
Slide 40: Awards and achievements
Awards and achievements Awards for Provident Housing Limited ❖ 11th REALTY+ EXCELLENCE AWARDS – SOUTH - Affordable Housing Project of the Year - Provident Park Square ❖ 11th REALTY+ EXCELLENCE AWARDS – SOUTH - Developer of the Year - Provident Housing Limited ❖ Global Real Estate & Business Excelle
Slide 41: Disclaimer
Disclaimer This presentation has been prepared by Puravankara Limited (“Company”) solely for providing information about the Company. It contains certain forward looking statements concerning Puravankara Ltd’s future business prospects and business profitability, which are subject to a number of ris
Slide 42: Thank You
THANK YOU Puravankara Limited 130/1, Ulsoor Road, Bengaluru - 560042 Tel: 080-25599000/43439999 Corporate Identification Number : L45200KA1986PLC051571 Website:- www.puravankara.com Investor Relations Contact: Mr. Kuldeep Chawla, Chief Financial Officer Email: kuldip@puravankara.com; Tel: +91-80-434