Puravankara Limited · NSE:PURVA
Puravankara — Q2 FY22 Earnings Presentation
42 slides from Puravankara's earnings presentation, 2021
Slide 1: Investor Presentation Q2 FY22
Investor Presentation Q2 FY22 Artist’s impression of Provident Capella
Slide 2: Table of Contents
Table of Contents * Company Overview 3-6 * Development Bank 7-9 * Operational Overview – Area and Sales 10 – 15 * Launch pipeline 16 * Update of Financials 17 – 20 * Cash Flow Statements 21 – 22 * Debt 23 * Appendix 1 : Project Status 24 – 28 * Appendix 2 : Other corporate information 29 – 34 * Appe
Slide 3: Company Overview
Company Overview Artist’s impression of Provident Capella 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 • Land Bank at 64.42msft and ongoing projects
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 Artist’s impression of Purva Atmosphere Artist’s impression of Purva Aspire 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 39.71 51.64 Chennai 6.26 2.53 11.71 14.24 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 49% of the share of Provident accounts for 35% of the launch pipeline; in line ongoing and 45% of launch pipeline with the market trends and the Group‘s strategy Launch pipeline 20% Launch pipeline 1% 28% 17% 37% Ongoing 4% 42% Ongoing
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 H1FY22 Opening Area 23.64 24.92 20.82 23.08 22.93 22.37 Add: Launches/Revisions during the period 1 4.77 1.96 3.95 2.29 1.20 0.89 Less: Completed during the period 2 -3.49 -6.06 -1.69 -2.44 -1.75 - Closing Area
Slide 12: Some of the launches planned for FY22
Some of the launches planned for FY 22 Launch date – Q3FY22, Kochi Launch date – Q4FY22, Pune Launch date – Q4FY22, Bangalore Launch date – Q4FY22, Bangalore 12
Slide 13: Sales Q2FY22 Vs Q2FY21
Sales Q2FY22 Vs Q2FY21 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-21 Sep-20 % Sep-21 Sep-20 % Sep-21 Sep-20 % Sep-21 Sep-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.33 0.51 -35% 181 315 -43% 276 337 -18% Completed 0.05 0.28 -82
Slide 14: Sales Q2FY22 Vs Q1FY22
Sales Q2FY22 Vs Q1FY22 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Sep-21 Jun-21 % Sep-21 Jun-21 % Sep-21 Jun-21 % Sep-21 Jun-21 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.33 0.29 14% 181 167 8% 276 242 14% Completed 0.05 0.07 -29% 33
Slide 15: Sales H1FY22 Vs H1FY21
Sales H1FY22 Vs H1FY21 Based on Bookings Half year Ended Area Sold Units Sold Sale Value Sale Realization Sep-21 Sep-20 % Sep-21 Sep-20 % Sep-21 Sep-20 % Sep-21 Sep-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.62 0.92 -33% 348 594 -41% 519 614 -15% Completed 0.12 0.47 -
Slide 16: Launch Pipeline
Launch Pipeline Sr. no Location/ Project Name City Development Model Development Type Developable Area PPL Share in JD Saleable area (msft) Expected launch date Puravankara 1 Lalbagh (Purva Orient Grand) Bengaluru Joint Development Residential 0.21 55% 0.12 Q4FY22 2 Sound Of Water II* Bengaluru Join
Slide 17: Update on financials
Update on financials Artist’s impression of Purva Silversand Actual site picture – Purva Palm Beach 17
Slide 18: Income Statement for the Half Year ended 30th September 2021
Income Statement for the Half Year ended 30th September 2021 All numbers in INR Cr H1FY22 H1FY21 Particulars Un Audited Un Audited Income from operations Revenue from projects 436.52 394.17 Other Income 377.24 16.43 Total Income from operations 813.76 410.60 Expenses Sub-contractor cost 243.90 110.4
Slide 19: Income Statement for Quarter Ended 30th September 2021
Income Statement for Quarter Ended 30th September 2021 All numbers in INR Cr Q2FY22 Q1FY22 Q2FY21 Particulars Un Audited Un Audited Un Audited Income from operations Revenue from projects 255.53 180.99 211.82 Other Income 16.62 360.62 8.25 Total Income from operations 272.15 541.61 220.07 Expenses S
Slide 20: Consolidated Balance Sheet as on 30 September 2021
Consolidated Balance Sheet as on 30 September 2021 All numbers in INR Cr Equity and Liabilities Sep 2021 Mar-21 Assets Sep 2021 Mar-21 Un Audited Audited Un Audited Audited Shareholders' Funds Non-Current Assets Equity Share Capital 119 119 (a) Property, plant and equipment 57 67 Other Equity 1,956
Slide 21: Cash Flow
Cash Flow All numbers in INR Cr Cash Flow Statement FY 2020 FY 2021 Q1 FY 22 Q2 FY 22 H1FY21 A Operating Inflows 1,770.3 1,289.2 817.4 382.7 1,200.2 B Operating Outflows (1,127.8) (793.8) (271.8) (299.2) (570.9) C=A-B Operating Surplus 642.4 495.5 545.7 83.6 629.3 Less Interest Cost( Net )* (321.0)
Slide 22: Projected Cash Flow
Projected Cash Flow All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 1,047 939 1,986 Value of Inventory open for sale 2 (B) 2,897 1,619 4,515 Balance cost to go 3 (C) 1,532 1,163 2,696 Surplus (A) + (B) – (C) (D) 2,411 1,394 3,805 Surplus from Inventory not
Slide 23: Debt Profile
Debt Profile All numbers in INR Cr in Rs. Cr Q2FY22 Q1FY22 Q4FY21 Q3FY21 Q2FY21 Q1FY21 Opening Balance 2,136 2,502 2,613 2,834 2,680 2,681 Net Addition (Repayment) 53 -366 -111 -221 154 -1 Debt Outstanding 2189 2,136 2,502 2,613 2,834 2,680 Less: Cash and Cash Equivalents 329 288 203 241 176 131 Net
Slide 24: Appendix 1 : Project Status
Appendix 1 : Project Status 24
Slide 25: Appendix 1 – Project Status
Appendix 1 – Project Status Provident Sunworth 25
Slide 26: Project Status – Completed Projects as on 30th September 2021
Project Status – Completed Projects as on 30th September 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 Co
Slide 27: Project Status – Under Construction as on September 30, 2021
Project Status – Under Construction as on September 30, 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 % UNDER CONSTRUCTION Puravank
Slide 28: Project Status – Not yet open for Sale as on September 30, 2021
Project Status – Not yet open for Sale as on September 30, 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
Slide 29: Appendix 2: Other Corporate Information
Appendix 2: Other Corporate Information 29
Slide 30: Governance Structure to drive long term growth
Governance Structure to drive long term growth Executive Team Ravi Puravankara Ashish Puravankara Nani R. Choksey Abhishek Kapoor Chairman Managing Director Vice Chairman Executive Director & CEO • Over 44 years of experience in • Bachelor’s degree in Business • Experience of over 44 years in • Expe
Slide 31: Shareholding Pattern as of September 30, 2021
Shareholding Pattern as of September 30, 2021 Others, 7.23% Mutual Funds, 1.40% FIIs and FPIs, 16.37% Promoters Group, 75.00% Notes 1. Promoter Shares are unencumbered FPIs Insurance and Bodies Corporate Mutual Funds Gothic Corporation Life Insurance Corporation Franklin Templeton Atyant Capital Gen
Slide 32: Share Price Movement
Share Price Movement 350 320 290 260 230 200 170 140 110 80 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Puravankara Sensex BSE Realty Notes: Graph rebased to 100 32
Slide 33: Awards and Accolades
Awards and Accolades WORLD ECONOMIC FORUM New Champions Construction Week Awards - Real Estate 12th Annual Estate Awards - Developer of Realty+ 40 Under 40 Awards - Certificate of Awards - Puravankara Limited as an Honourable Person of the Year – Mr. Ashish Puravankara the Year - Residential (South
Slide 34: Media & Capital Market Recognition
Media & Capital Market Recognition Enhancing the overall customer experience and ensuring employee well-being, along with robust long term growth strategy have helped in strengthening our position as a thought leader for Q2 FY21-22 34
Slide 35: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA VENEZIA PURVA SKYWOOD PURVA SKYDALE Bengaluru Bengaluru Bengaluru 35
Slide 36: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA BLUEMONT PURVA PALM BEACH PURVA ETERNITY Coimbatore Bengaluru Kochi 36
Slide 37: Appendix 4 : Select Ongoing Projects
Appendix 4 : Select Ongoing Projects PURVA ZENIUM PURVA ASPIRE PROVIDENT PARKSQUARE PROVIDENT KENWORTH Bengaluru Pune Bengaluru Hyderabad 37
Slide 38: Appendix 4 : Select Ongoing Projects
Appendix 4 : Select Ongoing Projects PROVIDENT CAPELLA PROVIDENT ADORA DE GOA PROVIDENT SKYWORTH Ph 2 Bengaluru Chicalim Mangaluru 38
Slide 39: Appendix 4 : Completed commercial projects
Appendix 4 : Completed commercial projects PURVA PRIMUS PURVA SUMMIT Chennai Hyderabad 39
Slide 40: Appendix 4 : Ongoing commercial projects
Appendix 4 : Ongoing commercial projects PURAVANKARA BUSINESS PARK MUNDHWA Bengaluru Pune 40
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 ri
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. Neeraj Gautam, Executive Vice President Email – Neeraj.Gautam@Puravankara.com; Tel: +9