Puravankara Limited · NSE:PURVA
Puravankara — Q4 FY21 Earnings Presentation
41 slides from Puravankara's earnings presentation, 2021
Slide 1: Investor Presentation Q4 FY21
Investor Presentation Q4 FY21
Slide 2: Table of Contents
Table of Contents * Company Overview 3-5 * Development Bank 6-8 * Operational Overview – Area and Sales 9 - 13 * Launch pipeline 14 * Update of Financials 15 - 18 * Cash Flow Statements 19 - 20 * Debt 21 * Appendix 1 : Project Status 22 - 26 * Appendix 2 : Other corporate information 27 - 31 * Appen
Slide 3: Company Overview
PURAVANKARA Company Overvi 4 se SMILING mae WILLOWS At The Sound Of Water 3
Slide 4: Company Overview – Iconic Brands in Real Estate
Company Overview – 2 Iconic Brands in Real Estate • Leading real estate enterprise providing diversified premium and affordable residential housing and commercial spaces • Over 4 decades of domain expertise, completed 74 projects measuring over 42.67msft • Diversified across markets, brands and deve
Slide 5: World Class Technology
World Class Technology • Starworth Infrastructure and Construction Limited – wholly owned subsidiary focussed on technology enabled construction solutions • Design-build, Civil and MEP Capabilities for a wide variety of real estate and infrastructure projects • 100% precast solutions –construction s
Slide 6: Purva Land – Plotted development
Purva Land – Plotted development • Dedicated arm for plotted development • To cater to the evolving needs of homebuyers and offer a highly lucrative investment opportunity • To enable our customers to benefit from a fruitful investment, as well as enjoy greater flexibility with respect to the layout
Slide 7: Development Bank
Development Bank Actual site picture – Purva Palm Beach 7
Slide 8: Diversified across markets, brands and stages of development
Diversified across markets, brands and stages of development in million sq. ft. Completed Ongoing Land Assets Total (A) (B) (A)+(B) South India Bengaluru 30.25 11.93 40.24 52.17 Chennai 6.26 1.64 11.71 13.35 Hyderabad 1.86 1.08 - 1.08 Kochi 1.89 3.43 4.21 7.64 Others 1.57 0.23 1.01 1.24 West India 0
Slide 9: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 46% of the share of Provident and Purva Land accounts for 49% and 27% of the ongoing and 59% of launch pipeline launch pipeline respectively Launch pipeline Launch pipeline 1% 25% 25% 29% 18% 27% Ongoing Ongoing 43% 15% 53% 57% 6% 5% 7%
Slide 10: Operational Overview – Area and sales
Operational Overview – Area and sales Actual site picture – Purva Palm Beach 10
Slide 11: Project Delivery
Project Delivery in million sq. ft. (numbers in million sq. ft.) FY17 FY18 FY19 FY20 FY21 Opening Area 23.64 24.92 20.82 23.08 22.93 Add: Launches/Revisions during the period 1 4.77 1.96 3.95 2.29 1.20 Less: Completed during the period 2 -3.49 -6.06 -1.69 -2.44 -1.75 Closing Area 24.92 20.82 23.08 2
Slide 12: Successful Launches in FY21
Successful Launches in FY 21 12
Slide 13: Some of the launches planned for FY22
Some of the launches planned for FY 22 Launch date - Q2FY22, Kochi Launch date – Q4FY22, Mumbai Launch date – Q3FY22, Pune Launch date – Q3FY22, Bangalore Launch date – Q4FY22, Bangalore Launch date – Q3FY22, Chennai Launch date – Q2FY22, Bangalore 13
Slide 14: Sales Q4FY21 Vs Q4FY20
Sales Q4FY21 Vs Q4FY20 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Mar-21 Mar-20 % Mar-21 Mar-20 % Mar-21 Mar-20 % Mar-21 Mar-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.64 0.27 137% 401 190 111% 562 166 239% Completed 0.22 0.17 29%
Slide 15: Sales FY21 Vs FY20
Sales FY21 Vs FY20 Based on Bookings Year Ended Area Sold Units Sold Sale Value Sale Realization Mar-21 Mar-20 % Mar-21 Mar-20 % Mar-21 Mar-20 % Mar-21 Mar-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 2.15 1.52 41% 1,359 1,072 27% 1,581 1,027 54% Completed 0.99 0.95 4% 72
Slide 16: Sales Q4FY21 Vs Q3FY21
Sales Q4FY21 Vs Q3FY21 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Mar-21 Dec-20 % Mar-21 Dec-20 % Mar-21 Dec-20 % Mar-21 Dec-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.64 0.61 5% 401 368 9% 562 420 34% Completed 0.22 0.31 -29% 167
Slide 17: Launch Pipeline
Launch Pipeline Sr. no Location/ Project Name City Development Model Development Type Developable Area PL Share in JD Saleable area Expected launch date (msft) Puravankara 1 Lalbagh (Purva Orient Grand) Bengaluru Joint Development Residential 0.21 55% 0.12 Q2FY22 2 Sound Of Water II* Bengaluru Joint
Slide 18: Update on financials
Update on financials Actual site picture – Purva Palm Beach 18
Slide 19: Income Statement for Quarter Ended 31st March 2021
Income Statement for Quarter Ended 31st March 2021 All numbers in INR Cr Q4FY21 Q3FY21 Q4FY20 Particulars Audited Un Audited Audited Income from operations Revenue from projects 310.13 256.41 369.52 Other Income 29.26 47.41 20.27 Total Income from operations 339.39 303.82 389.79 Expenses Sub-contrac
Slide 20: Income Statement for the year ended 31st March 2021
Income Statement for the year ended 31st March 2021 All numbers in INR Cr FY21 FY20 Particulars Audited Audited Income from operations Revenue from projects 960.71 2,128.37 Other Income 93.10 58.89 Total Income from operations 1,053.81 2,187.26 Expenses Sub-contractor cost 346.35 376.54 Cost of raw
Slide 21: Balance Sheet for the Year Ended 31st March 2021
Balance Sheet for the Year Ended 31st March 2021 All numbers in INR Cr Equity and Liabilities March 2021 March 2020 Assets March 2021 March 2020 Audited Audited Audited Audited Shareholders' Funds Non-Current Assets Equity Share Capital 119 119 (a) Property, plant and equipment 67 85 Other Equity 1,
Slide 22: Cash Flow
Cash Flow All numbers in INR Cr Cash Flow Statement FY 2020 Q1 FY 21 Q2 FY 21 Q3 FY 21 Q4 FY 21 FY 2021 A Operating Inflows 1,770.3 187.8 285.2 374.8 441.4 1,289.2 B Operating Outflows (1,127.8) (151.5) (183.9) (189.5) (268.9) (793.8) C=A-B Operating Surplus 642.4 36.4 101.2 185.3 172.5 495.5 Less I
Slide 23: Projected Cash Flow: Visibility from ongoing open for sale units
Projected Cash Flow : Visibility from ongoing open for sale units All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 1,085 1,183 2,267 Value of Inventory open for sale 2 (B) 3,186 1,643 4,828 Balance cost to go 3 (C) 1,643 1,282 2,926 Surplus (A) + (B) – (C)
Slide 24: Debt Profile – Net debt reduction by over Rs 440 Cr in last 2 years
Debt Profile – Net debt reduction by over Rs 440 Cr in last 2 years All numbers in INR Cr in Rs. Cr Q4FY21 Q3FY21 Q2FY21 Q1FY21 Q4FY20 Q3FY20 Q2FY20 Q1FY20 Q4FY19 Opening Balance 2,613 2,834 2,680 2,681 2741 2,827 2,889 2,921 2,902 Net Addition (Repayment) -111 -221 154 -1 -61 -86 -62 -32 19 Debt Ou
Slide 25: Appendix 1: Project Status
Appendix 1 : Project Status 25
Slide 26: Appendix 1 – Project Status
Appendix 1 – Project Status 26
Slide 27: Project Status – Completed Projects as on March 31, 2021
Project Status – Completed Projects as on March 31, 2021 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 % COMPLETED Puravankara 1 Coronat
Slide 28: Project Status – Under Construction as on March 31, 2021
Project Status – Under Construction as on March 31, 2021 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 Msft % UNDER CONSTRUCTION Puravankara 1
Slide 29: Project Status – Not yet open for Sale as on March 31, 2021
Project Status – Not yet open for Sale as on March 31, 2021 Puravankara's Share - S.No. Project Location Developable Area Total Flats JD / JV Share for 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 30: Appendix 2: Other Corporate Information
Appendix 2: Other Corporate Information 30
Slide 31: Governance Structure to drive long term growth
Governance Structure to drive long term growth Executive Team Non Executive Directors Anup Shah Sanmukh Ravi Puravankara Non- Executive Independent Director Chairman • Bachelor’s degree in Commerce and Law • Over 44 years of experience in real estate Over 39 years of experience in field of law, indu
Slide 32: Shareholding Pattern as of March 31, 2021
Shareholding Pattern as of March 31, 2021 Others, 8% Mutual Funds, 1% FIIs and FPIs, 16% Promoters Group, 75% Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate Mutual Funds Gothic Corporation Life Insurance Corporation Franklin Templeton Atyant Capital General Insurance C
Slide 33: Share Price Movement
Share Price Movement 280 260 240 220 200 180 160 140 120 100 80 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Puravankara Sensex BSE Realty Notes: Graph rebased to 100 33
Slide 34: Awards and Accolades
Awards and Accolades WORLD ECONOMIC FORUM New Champions Construction Week Awards - Real Estate 12th Annual Estate Awards - Developer of Business Connect Awards - Women Awards - Puravankara Limited as an Honourable Person of the Year – Mr. Ashish Puravankara the Year - Residential (South) - Puravanka
Slide 35: Media & Capital Market Recognition
Media & Capital Market Recognition Business diversification, continuing with expansion plan along with focused business continuity plan has helped in strengthening our position as a thought leader for the Q4 FY20-21
Slide 36: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA GAINZ 36
Slide 37: Our Completed Projects
PURAVANKARA Our Completed Projects PURVA MIDTOWN CL14 1 aE SLL. . Me,
Slide 38: Appendix 4: Select Ongoing Projects
Appendix 4 : Select Ongoing Projects 38
Slide 39: Select Ongoing Projects
PURAVANKARA Select Ongoing Projects
Slide 40: 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 ri
Slide 41: 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. Neeraj Gautam, Finance Controller Email – Neeraj.Gautam@Puravankara.com; Tel: +91-80-4