Prestige Estates Projects Limited · NSE:PRESTIGE
Prestige Estates Projects — Q1 FY2020 Earnings Presentation
29 slides from Prestige Estates Projects's earnings presentation, Jun 30, 2019
Slide 1: Investor Presentation Q1FY20
Investor Presentation Results for the quarter ended 30th June, 2019 Q1FY20 Prestige Group | Presentation | Q1FY20 1 Shot at location, Prestige Bagamane Temple Bells, Mid-Segment, Delivered in Q1F20
Slide 2: Index
Index Index Q1F20 Q1FY20 Key Highlights Business Segments updates 1 2 Operational Highlights Residential | Office Financial Highlights Retail/Malls | Hospitality Property Management About Prestige Group Annexures 3 4 Scale | Business Model Land Bank Credentials | Board & Management Shareholding Pres
Slide 3: Operational Highlights
Operational Highlights Q1FY2020 ₹ 10,162 Mn ₹ 11,251 Mn ₹ 2,062 Mn Fresh Sales up 4% yoy from 1.4 mn sf. Collections up 16% yoy Rental Income/quarter PG share is ₹8,614 mn, up 13% from 1.21 mn sf ₹9,058 mn (PG share) up 12% yoy (PG share) 10.33 Mn sf 6.57 Mn sf 0.32 Mn sf DELIVERED, up 105% yoy LAUN
Slide 4: Financial Highlights
Financial Highlights Q1FY2020 Consolidated, Annexed ₹ 15674 Mn ₹ 5564 Mn ₹ 1239 Mn REVENUE EBITDA PAT EBITDAM at 35% PATM at 8% Prestige Group | Presentation | Q1FY20 4 Shot at location, Prestige Technostar
Slide 5: Guidance vs Achieved
Guidance vs Achieved Values are in Rs mn Area in mn sf Target Particulars for Full Year FY20 As of Q1FY20 % Achieved New Sales Value 50,000 to 60,000 10,162 20% Turnover 50,000 to 55,000 15,674 31% Collections 45,000 to 50,000 11,251 25% Launch Volume 10 to 12 6.57 66% Completions 10 to 12 10.33 103
Slide 6: Business Vertical Review
Business Vertical Review Value in ₹ Million Q1FY20 Office Retail Hospitality Services Residential Others Total Revenue 1,569 1,169 1,001 1,350 9,723 - 14,812 EBITDA 1,394 725 298 249 1,992 - 4,658 EBITDA % 89% 62% 30% 18% 20% 31% Return on Depreciation EBIT EBIT % 385 1,009 64% 252 473 40% 366 -68 -
Slide 7: 10.33 mn sf Delivered in Q1F20
10.33 mn sf 2 3,892 Homes 1 4 DELIVERED In Q1F20 Developable S.No Project Completed Location Segment Area (Mnsf) Homes 1 Prestige Falcon City Bengaluru Residential 6.08 2,520 3 2 Prestige Bagamane Temple Bells Bengaluru Residential 1.73 968 Shot at location, 1. Prestige Falcon City 3 Prestige Techno
Slide 8: 6.57 mn sf Launched in Q1F20
6.57 mn sf LAUNCHED In Q1F20 Developable S.No Project Launched Location Segment Area (Mnsf) 1 Prestige Palm Residences Mangaluru Residential 0.35 2 Prestige Tech Cloud Bengaluru Commercial 4.65 3 Prestige Tech Park IV Bengaluru Commercial 1.58 Total 6.57 Prestige Group | Presentation | Q1FY20 8
Slide 9: Debt Profile
Debt Profile 9% 40% DER at 1.86x Net Debt stood at ₹ 81162 mn, 35% Gross debt at ₹ 88,221 mn and Networth at ₹ 43,541 mn. 5% In Q1F19, due to IND AS 115, Revenue has been reversed to 10% 1% the extent of ₹ 74,656 Mn with consequential reduction in retained earnings as at the said date by ₹10,119 mn.
Slide 10: Residential Segment Review
Residential Segment Review Q1FY20 Bengaluru |Chennai | Hyderabad | Kochi | Mangaluru Pune| Goa| Mumbai|NCR|Ooty 300+ Awards Land Mark Projects 32 Projects 21 Projects ₹ 131,309 mn FCF 103 Projects CRISIL DA1 Across 73 mn sf Completed Under construction Under Planning + HDFC Graded Developer JV Devel
Slide 11: ₹77,526 Mn FCF from Under Construction Projects
₹77,526 Mn FCF from Under construction Projects Particulars Area in Mn Sft ₹ Mn % Values are in Rs mn Total Saleable Area 57.84 PG area share 44.69 Estimated Value 2,96,252 Sold 32.88 2,11,278 74 Collections 1,68,325 Balance to collect 42,953 Stock Breakup Stock 11.81 84,974 26 Recovery from Land Ow
Slide 12: ₹53,783 Mn FCF from Under Planning Projects
₹53,783 Mn FCF from Under Planning Projects Particulars Area in Mn Sft ₹ Mn Total Developable Area 37.99 Car Park Area 10.40 Total Saleable Area 27.60 PG area share 23.00 Estimated Value -A 1,32,827 Cost of Development 90,358 Incurred as of Q1F20 8,730 Balance to spend -B 81,628 RD Paid -C 2,583 Net
Slide 13: Office Portfolio Review
Office Portfolio Review Q1FY20 Bengaluru |Chennai | Hyderabad | Kochi | Pune| Mumbai Ahmedabad | 300+ Awards Blue Chip Tenants 107 Projects 13 Projects 11 Projects ₹7,354 mn ₹ 21,632 Mn Across 12 mn sf Across 14 mn sf Rentals/annum near term Across 33 mn sf Completed Yielding Under Construction Unde
Slide 14: Exit Rental Breakup | Office
₹6027 mn Exit Rental Breakup | Office Rent P.A. (Rs S.No. Project Name Segment Leasable Area Interest (%) Interest (MnSf) Prestige Share mn) 1 Prestige Estates Projects Limited Commercial 2.07 100.00 2.07 2.07 992 2 West Palm Developers Pvt Ltd Commercial 0.32 61.00 0.20 0.20 98 3 Prestige Valley Vi
Slide 15: Incremental Exit Rental Breakup | Office
₹401 mn Incremental Exit Rental Breakup | Office S.No. Project Name Segment Leasable Area Interest (%) Interest (MnSf) Prestige Share Rent P.A. 1 Cessna Business Park B10 Commercial 0.48 85 0.41 0.41 367 2 Prestige Cube Commercial 0.03 100 0.03 0.03 35 Incremental rental in F20 Total 0.51 0.43 0.43
Slide 16: Shopping Malls Segment Review
Shopping Malls Segment Review Q1F20 Bengaluru |Chennai | Hyderabad | Kochi | Mangaluru | Mysuru | Udaipur 900+ ₹ 8,993 Mn 10 Malls 6 Malls 70+ mn Stores Rentals/annum near term ₹ 4,345 mn Yielding Operational In the Pipeline Foot falls pa 16 Annexed * Current rental rate
Slide 17: Exit Rental Breakup | Retail
₹ 3242 mn Exit Rental Breakup | Retail Area in Mnsqft Value in ₹ Million Values Based on current rental rates Rent P.A. (Rs S.No. Project Name Segment Leasable Area Interest (%) Interest (MnSf) Prestige Share mn) 1 Forum Celebration Mall Retail 0.39 100.00 0.39 0.39 229 2 Forum Mall Bengaluru Retail
Slide 18: Hospitality Portfolio Review
Hospitality Portfolio Review Q1F20 Managed by Conrad | Sheraton | Oakwood 8 Hotels 297 ₹ 4056 mn ₹4625 mn 1262 Keys Operational Key under Construction Yielding Near term 18
Slide 19: Property Management Portfolio Review
Property Management Portfolio Review Q1F20 Residential ₹5400 mn ₹12100 mn Incremental 11 Office, Yielding, EBITDA at 18% Revenue Potential 132 mn sf Locations Retail, Potential area management Hospitality 19
Slide 20: Summary & Growth Trajectory
Summary & Growth Trajectory Area in Mnsqft Value in ₹ Million Values Based on current rental rates 1. OFFICE UNDER Value in ₹ Million OPERATING CONSTRUCTION UPCOMING TOTAL GLA 10.25 5.63 9.97 25.84 Economic Interest 8.92 4.09 7.10 20.11 Rentals p.a. ₹ 7,354 5,581 8,697 21,632 Economic Interest ₹ 6,0
Slide 21: Index
Index Index Q1F20 Q1FY20 1. Key Highlights 2. Business Segments Operational Highlights Residential | Office Financial Highlights Retail/Malls | Hospitality Property Management 3. About Prestige Group 4. Annexures Scale | Business Model Ongoing Projects | Upcoming Projects Credentials | Board & Manag
Slide 22: 32+ Years of Trust
32+ Years Of Trust 300+ Awards Residential | Office | Shopping Malls | Hospitality | Property Management
Slide 23: Scale of Operation | Summary
Scale of operation | Summary Area In mn sf Plotted Area in mn sf Residential Commercial Retail Hospitality Development Total Particulars Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects 103 73.29 107 33.15 10 7.12 8 2.51 8 7.42 236 123.49 Ongoing Projects 32 31.67 13 12
Slide 24: Board
Board Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Director Joint Managing Director Wholetime Director Director Dr. Pangal Ranganath Nayak Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Independent Independent Independent Independent Prestige Group | Presentation | Q1FY20
Slide 25: Executive Management
Executive Management Faiz Rezwan Zaid Sadiq Anjum Jung Zayd Noaman Executive Director- Executive Director- Executive Director- Interior Executive Director- CMD’s Office Contracts & Projects Liasion & Hospitality Design Omer Bin Jung Nayeem Noor Zackria Hashim Venkat K Narayan Executive Director- Hos
Slide 26: Executive Management
Executive Management Suresh Singaravelu Swaroop Anish Arvind Pai Executive Director- Retail, Executive Director- Business Executive Director- Legal Hospitality Development V. Gopal V.V.B.S. Sarma Lt. Col. Milan Khurana (Retd.) Chief Financial Officer Prestige Group | Presentation | Q1FY20 26 Executi
Slide 27: 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 28: Financials | Consolidated
FINANCIALS | CONSOLIDATED Quarter ended 30-Jun-19 Ratio/% IND AS 30-Jun-19 Ratio/% 31-Mar-19 Ratio/% Sl. No. Particulars Reported 116 impact Pre 116 (Audited) 1 Sale of Projects & Property Income 15,387 - 15,387 19,793 2 Other Income 287 - 287 150 3 Total Income 15,674 - 15,674 19,943 4 Increase/dec
Slide 29: Contact
CONTACT For any queries Please contact, E: investors@prestigeconstructions.com Registered Office- Prestige Estates Projects Limited, The Falcon House, No. 1, Main Guard Cross Road, Bangalore –560 001 91 -80 –25001 280, F: + 91 –80 -25591945, Website: www.prestigeconstructions.com Prestige Group | Pr
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