Slide 1: Results Presentation FY 2018
Results Presentation FY 2018
Slide 2: Company Overview
Company Overview Over two decades of track record in real estate development Pioneer in Mumbai real estate market. Have delivered some of the marque locations in Mumbai like Ashok Tower, Ashok Garden, Peninsula Corporate Park, Peninsula Business Park, and Crossroads and CR2. Total delivered project
Slide 3: Projects Overview
Projects Overview Completed Projects RETAIL RESIDENTIAL COMMERCIAL PROJECT NAME AREA (‘000 sqft) PROJECT NAME AREA (‘000 sqft) PROJECT NAME AREA (‘000 sqft) Cross Roads 150 Ashok Towers 1,077 Peninsula Business Park 1,260 CR2 225 Ashok Gardens 836 Peninsula Corporate Park 893 375 Ashok Meadows 504 P
Slide 4: Future development & land banks
Future development & land banks Project Name/Land Bank Area Held Description • Potential to develop 1.5 Mn Sq ft. Celestia Spaces – Ph 2, Sewree 13 Acres • Revised structure - PLL holds 20% economic interest + 104K Sq ft. • Launch of 750K Sq ft planned in Q3 of FY 19 Ashok Astoria, Ph 2 – Nasik 1 Ac
Slide 5: Foray into Affordable Housing Segment – addressOne : Gahunje, Pune
Foray into Affordable Housing Segment – addressOne : Gahunje, Pune • Total development – 2.8 mn Sq ft. to be done in multiple phases • Launched first phase – 0.5 mn Sq ft. • Offering residential apartments 1BHK to 3 BHK • Usable Area ~ 274 to 671 Sq ft. • Price range Rs. 18 lakhs to Rs. 38 lakhs • N
Slide 6: Business Updates
Business Updates [el
Slide 7: Business Updates in Q4 FY 18
Business Updates in Q4 FY 18 New Sales Bookings / Collections Sold 144,895 Sq. ft. during Q4 FY18 as against 302,022 Sq. ft. during Q4 FY 17 Recorded new sales value of Rs. 188 Cr during Q4 FY18, as against Rs. 488 Cr during Q4 FY 17 Collections were at Rs. 139 Cr for Q4 FY 18, as against Rs. 219 Cr
Slide 8: Business Updates in FY 18 vs FY 17
Business Updates in FY 18 vs F 17 New Sales Bookings / Collections Sold 405,293 Sq. ft. during FY18 as against 573,299 Sq. ft. during FY 17 Recorded new sales value of Rs. 635 Cr during FY18, as against Rs. 904 Cr during FY 17 Collections were at Rs. 635 Cr for FY 18, as against Rs. 557 Cr during FY
Slide 9: Focus on non core asset monetization
Focus on non core asset monetization Rs. Crs. Particulars Realization Collection Mamurdi , Pune 226 218 Mahadevapura, Bengaluru 30 30 Napeansea Road , Mumbai 177 151 433 399 9
Slide 10: Financials Overview
Financials Overview [el
Slide 11: Profit and Loss (standalone)
Profit and Loss (standalone) P&L Snapshot (Rs. Cr) FY2018 FY2017 Income Total Income from operations (Gross) 475 265 Other Income 198 189 Total Revenue 673 454 Expenses a) Realty Cost Incurred 220 245 b) Changes in inventories of FG, WIP & stock-in-trade 186 (3) c) Employee benefits expense 49 44 d)
Slide 12: Details of Exceptional Items
Details of Exceptional Items For the year ended Particulars 31.03.18 (Rs. Crs) Inventory write down to net realizable value (NRV) – Nashik & Mamurdi land 63 Impairment of Investments – Carmichael Residences, Thatavade land 18 Impairment of Loans - Carmichael Residences, Napeansea Road land 99 Total
Slide 13: Balance Sheet (standalone)
Balance Sheet (standalone) Sr No 31-Mar-18 31-Mar-17 ASSETS A Non-current assets a Property Plant and Equipment 149 151 b Capital work-in-progress - c Investment Property 290 292 d Other Intangible assets 3 4 e Investment in subs/JVs/Associates 353 355 f Financial Assets (i) Investments 455 480 (ii)
Slide 14: Balance Sheet (standalone) (contd…)
Balance Sheet (standalone) (contd…) Sr No 31-Mar-18 31-Mar-17 A EQUITY a Equity Share capital 56 56 b Other equity 1,322 1,649 Total (A) 1,378 1,705 B Non-Current Liabilities a Financial Liabilities (i) Borrowings 1,416 1,191 (ii) Other Financial Liabilities 125 136 b Provisions 8 4 Total (B) 1,549
Slide 15: Debt Profile
Debt Profile Standalone Consolidated For the year For the year For the year For the year Particulars (Rs. Cr) ended ended ended ended 31.03.18 31.03.17 31.03.18 31.03.17 Total Debt 1,966 2,104 *2,313 * # 2,407 Less: Cash & Cash equivalents 62 124 95 129 Net Debt 1,904 1,980 2,218 2,278 Net Worth 1,3
Slide 16: Projects Overview
Projects Overview [el
Slide 17: Details of Ongoing Projects - FY 2018
Details of Ongoing Projects - FY 2018 Up to last Quarter Q4 Total Collecti on PLL No Avg. No Avg. No Avg. (Rs. Projects Share Area Sales Area Sales Area Sales of Reali- of Reali- of Reali- Crs) (%) Sold Value Sold Value Sold Value Units zation Units zation Units zation in (sft ) (Rs.Cr) (sft ) (Rs.C
Slide 18: Summary of Ongoing projects – till Mar ‘18 (cumulative)
Summary of Ongoing projects – till Mar ‘18 (cumulative) Saleable Area Sold Average PLL Share No of Units Sales Value Collections Projects Area (sq ft Location (sq ft in Realization (%) Sold (Rs. Cr) (Rs. Cr) in 000’s) 000’s) (Rs. / sq ft) Residential-Ongoing Bishopsgate 93 Mumbai 50% 10 78 540 69,61
Slide 19: Unrecognized revenue from ongoing projects
Unrecognized revenue from ongoing projects PLL Share Area Sale Work Balance Sold Value of % of Sales Comple- Revenue Project Revenue (sq ft Area Sold Complete tion Recognized Revenue % Revenue to be ‘000s) (Rs. Cr) Recognized Recognize d Bishopsgate 78 540 83% 84% 453 50% 270 226 44 Celestia Spaces-
Slide 20: Bishopsgate
Bishopsgate PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 50% KBK Group 93 Nos. Area Sales Avg. Construction % Sales Collection Of units Sold Value Realization Milestone Completion (Rs. Cr) (‘000 sq ft ) (Rs.Cr) (Rs./sqft) Till Q1, FY 18 80% 83% Q1, FY 18 1 8 55 70,968 62 Q2, FY
Slide 21: Bishopsgate-Current status
Bishopsgate-Current status March 2017 March 2018 21
Slide 22: Celestia Spaces (PLL Share)
Celestia Spaces (PLL Share) Saleable PLL Area Location Share JV Partner (000’s sq ft.) Mumbai 100% - 490 Nos. Area Avg. Sales Construction % Sales of Sold Reali- Collection Value Milestone Completion units (‘000 zation (Rs. Cr) (Rs.Cr) sq ft ) (Rs./sqft) Till Q1, FY 18 54% 46% Q1, FY 18 (8) (14) (31
Slide 23: Celestia Spaces-Current Status
Celestia Spaces-Current Status March 2017 March 2018 32nd floor 12nd floor 23
Slide 24: Carmichael Residences
Carmichael Residences PLL Saleable Area Location Share JV Partner (000’s sq ft.) Mumbai 40% KBK Group 146 Nos. Sales Avg. Construction % Sales Area Sold Collection of units Value Realization Milestone Completion (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Till Q1, FY 18 79% 50% Q1, FY 18 - - - - 29 Q2
Slide 25: Carmichael Residences-Current Status
Carmichael Residences-Current Status March 2017 March 2018 Terrace Slab P2 Slab in Progress 2nd Residential Floor in Progress P2 Slab in Progress 25
Slide 26: Salsette 27
Salsette 27 PLL Saleable Area Location Share JV Partner (000’s sq ft.) Byculla, 57% PREI Fund 915 Mumbai Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 7 9 31 33,738 32 Till Q1, FY 18 10% 3
Slide 27: Salsette 27 - Current Status
Salsette 27 - Current Status March 2017 March 2018 Tower A Tower TOWERB B Tower A Excavation in progress Tower A Excavation in progress Automatic Climbing System (ACS) installation in progress On North Side Tower B Excavation in progress Demolition Completed Non Tower – B2 slab & columns WIP 27
Slide 28: Ashok Meadows (Phase 1)
Ashok Meadows (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Hinjewadi, Peninsula Realty 55% 507 Pune Fund & Clover Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 11 16 8 4,928 11 Q2, FY 18 5 7 3 4,636 13 Q3
Slide 29: Peninsula Heights, JP Nagar
Peninsula Heights, JP Nagar PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Bengaluru 80% 620 Realty Fund Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 7 32 33 10,251
Slide 30: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status March 2017 March 2018 Tower A : 21F WIP Terrace Structure Completed 30
Slide 31: Peninsula Heights, JP Nagar-Current Status
Peninsula Heights, JP Nagar-Current Status March 2017 March 2018 Terrace structure WIP 6th Flr Slab WIP Tower B – 1st floor level slab under progress 31
Slide 32: Ashok Astoria (Phase 1)
Ashok Astoria (Phase 1) * PLL Saleable Area Location Share JV Partner (000’s sq ft.) Nashik 100% - 498 Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 13 31 11 3,559 7 Q2, FY 18 3 (3) (1) - 8 Q3, FY 18 7 14 5 3,438 12 Q4, FY 18 5 7
Slide 33: Ashok Nirvaan
Ashok Nirvaan PLL Saleable Area Location Share JV Partner (000’s sq ft.) Peninsula Lonavala 25% 352 Realty Fund Nos. Sales Avg. Area Sold Collection Construction % Sales of units Value Realization (‘000 sq ft ) (Rs. Cr) Milestone Completion (Rs.Cr) (Rs./sqft) Q1, FY 18 - - - - 4 Till Q1, FY 18 61% 2
Slide 34: Ashok Beleza
Ashok Beleza Saleable PLL Area Location Share JV Partner (000’s sq ft.) Goa (Plot B&C) 58% Peninsula Realty Fund 200 Goa (Plot A) 58% Peninsula Realty Fund 115 Plot B &C Nos. Sales Avg. Area Sold Collection of units Value Realization (‘000 sq ft ) (Rs. Cr) (Rs.Cr) (Rs./sqft) Q1, FY 18 - - (1) - 6 Q2
Slide 35: Disclaimer
Disclaimer By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: • This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any secur
Slide 36: Thank You
[am] PENINSULA LAND CREATING INTERNATIONAL LANDMARKS Thank You ASHOK PIRAMAL GROUP