Slide 1: Cover letter to stock exchanges on results presentation
July 26, 2019 The General Manager – DCS, The Manager, Listing Operations-Corporate Services Dept. Listing Department, BSE Ltd. National Stock Exchange of India Ltd., 1st Floor, New Trading Ring, Rotunda Building, Exchange Plaza, 5th Floor, Plot No. C/1, G 'P J. Towers, Dalal Street, Fort, Mumbai Blo
Slide 2: Puravankara Limited June 2019
Purva Palm Beach Puravankara Limited June 2019
Slide 3: Contents
Contents ▪ Company Overview 3-5 ▪ Development Bank 6-8 ▪ Area Information 9 – 10 ▪ New Launches 11 - 12 ▪ Sales 13 - 14 ▪ Cash Flows 15 - 17 ▪ Income Statement 18 - 19 ▪ Debt 20 - 21 ▪ Shareholding Pattern and Stock Performance 22 - 24 ▪ Select Project Pictures 25 - 29 ▪ Appendix 1 : Project Status
Slide 4: Company Overview
PURAVANKARA Company Overview
Slide 5: 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 6: Q1FY20 – Continuing the growth momentum
Q1FY20 – Continuing the growth momentum Sold Units (Nos) Sales Booking (Rs Cr) Customer Collections (Rs Cr) 493 700 500 500 19% 638 33% 75% 441 600 450 400 535 400 370 500 300 252 350 400 200 300 300 250 100 200 200 - Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Total income (Rs Cr) EBITDA (Rs Cr) PAT
Slide 7: Development Bank
PURAVANKARA Development Bank
Slide 8: 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 9.57 43.20 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 1.4
Slide 9: Ongoing and New Launches
Ongoing and New Launches Provident accounts for 3/4th of the launch pipeline; Non-Bengaluru projects now account for 54% of the in line with the market trends and the Group‘s share of ongoing and 72% of new launches* strategy New Launches New Launches 2% 16% 28% 32% 26% Ongoing Ongoing 46% 17% 48% 5
Slide 10: Area
PURAVANKARA Area
Slide 11: Encouraging growth across sales and delivery
Encouraging growth across sales and delivery in million sq. ft. (numbers in million sq. ft.) FY16 FY17 FY18 FY19 Q1FY20 Opening Area 24.01 23.64 24.92 20.82 23.08 Add: Launches/Revisions during the period 1 2.46 4.77 1.96 3.95 - Less: Completed during the period 2 -2.83 -3.49 -6.06 -1.69 -2.30 Closi
Slide 12: Launch story continues
Launch story continues Next phase of Next phase of First phase of Next phase of Adora De Goa Adora De Goa Sunworth III Provident Park Square Location – Goa Location – Goa Location –Bangalore Location –Bangalore Purva Somerset Purva Zenium Park Woods, earlier Provident Capella house, earlier known Lo
Slide 13: Robust launch pipeline
Robust launch pipeline Sr. no Location/ Project City Development Development Type Developable Area PPL Share in JD Saleable area Expected launch date Name Model (msft) Puravankara 1 Westend 2 Bengaluru Joint Development Residential 0.10 78% 0.08 Q2FY20 2 Bavdhan Pune Joint Development Residential 0.
Slide 14: Sales
PURAVANKARA Sales 13
Slide 15: Sales – Q1FY20 Vs Q1FY19
Sales – Q1FY20 Vs Q1FY19 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Jun-19 Jun-18 % Jun-19 Jun-18 % Jun-19 Jun-18 % Jun-19 Jun-18 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.52 0.26 99% 353 162 118% 350 195 79% 6,723 7,457 -10% Comple
Slide 16: Cash Flows
PURAVANKARA Cash Flows 15
Slide 17: 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) 905 1,140 2,045 Value of Inventory open for sale 2 (B) 2,807 1,267 4,074 Balance cost to go 3 (C) 918 979 1,897 Surplus (A) + (B) – (C) (D) 2,794 1,428 4,222 Surpl
Slide 18: Cash Flow Statement – Growing operating surplus
Cash Flow Statement – Growing operating surplus Rs. crores Cash Flow Statement Q1 FY19 Q4 FY19 Q1 FY 20 A Operating Inflows 333.3 466.7 474.1 B Operating Outflows (274.7) (359.7) (323.5) C=A-B Operating Surplus 58.7 107.1 150.7 Less Interest Cost( Net ) (64.2) (79.0) (86.1) Income Tax Paid (2.2) (13
Slide 19: Income Statement
PURAVANKARA Income Statement 18
Slide 20: Consolidated Statement of Profit & Loss for the quarter ended 30 June 2019
Consolidated Statement of Profit & Loss for the quarter ended 30 June 2019 Rs. crores Particulars Q1FY20 Unaudited Q1FY19 Unaudited Income from operations Revenue from projects 630.05 382.02 Other Income 15.50 12.68 Total Income from operations 645.55 394.70 Expenses Sub-contractor cost 126.56 76.39
Slide 21: Debt
PURAVANKARA Debt 20
Slide 22: Debt Structure – As on June 2019
Debt Structure – As on 30 June 2019 in Rs. Cr Q1FY20 Q4FY19 Q3FY19 Q2FY19 Q1FY19 Opening Balance 2,921 2,902 2,642 2,438 2,399 Net Addition (Repayment) -32 19 260 204 39 Debt Outstanding 2,889 2,921 2,902 2,642 2,438 Less: Cash and Cash Equivalents 202 178 153 185 137 Net debt 2,687 2,743 2,749 2,45
Slide 23: Shareholding Pattern and Stock Performance
Shareholding Pattern and Stock Performance 22
Slide 24: Shareholding Pattern – as on June 2019
Shareholding Pattern – as on 30 June 2019 Others DIIs 8% 1% 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 Temp
Slide 25: Stock Performance
Stock Performance Relative to BSE Realty Index and Sensex during June 30, 2018 to June 30, 2019 120 110 100 90 80 70 60 50 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Jan-19 Feb-19 Mar-19 Apr-19 May-19 Jun-19 Puravankara Sensex BSE Realty 30-June-19 Price on BSE 70 % Change QoQ -5% Numbe
Slide 26: Select Project Pictures
PURAVANKARA Select Project Pictures 25
Slide 27: Actual Project Pictures
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Slide 28: Actual Project Pictures
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Slide 29: Actual Project Pictures
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Slide 30: Actual Project Pictures
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Slide 31: Appendix 1 : Project Status
Appendix 1 : Project Status 30
Slide 32: Current Project Status – As of June 2019
Current Project Status – As of 30 June 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 Road,
Slide 33: Current Project Status – As of June 2019 – (contd.)
Current Project Status – As of 30 June 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 Puravankara 1
Slide 34: Current Project Status – As of June 2019 – (contd.)
Current Project Status – As of 30 June 2019 – (contd.) Puravankara's JD / JV Share for S.No. Project Location Developable Area Total Flats Share - Developer Developable Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % PHASES NOT OPEN FOR SALE Puravank
Slide 35: Appendix 2 : Corporate Information
Appendix 2 : Corporate Information 34
Slide 36: 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 R.V.S. Rao Chairman Independent Director • Over 44 years of experience in real estate industry • Bachelor’s degree in Commer
Slide 37: Media & Capital Market Recognition
Media & Capital Market Recognition Focus on smart & automated homes, sustainable construction, and announcement on strong launch pipeline has helped in strengthening our position as a thought leader in the industry @Puravankara Q1 FY19-20 36
Slide 38: Awards and achievements
Awards and achievements Awards for Puravankara Limited ❖ ET NOW Presents Dream Companies to Work For Awards - Puravankara Limited ❖ Marketing Maverick Awards for Outstanding Contribution towards the Indian Real Estate Industry - Mr. Ravi Puravankara ❖ The “People’s Choice Winner” at the CNBC-AWAAZ R
Slide 39: Awards and achievements
Awards and achievements Awards for Provident Housing Limited ❖ CIA WORLD Construction & Infra Awards for the Best Township Project -- Provident Sunworth ❖ CIA WORLD Construction & Infra Awards for the Best Residential Project of the Year - The Tree By Provident ❖ BAM (Builders , Architects & Buildin
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 ris
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. Kuldeep Chawla, Chief Financial Officer Email: kuldip@puravankara.com; Tel: +91-80-434