Puravankara Limited · NSE:PURVA
Puravankara — Q3 FY22 Earnings Presentation
42 slides from Puravankara's earnings presentation, Feb 11, 2022
Slide 1: Letter to stock exchanges on results presentation
February 11, 2022 To, 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 Exchange Plaza, 5th Floor, Plot No. C/1, G Building, 'P J. Towers, Dalal Street, Fort, Bl
Slide 2: Investor Presentation Q3 FY22
Investor Presentation Q3 FY22 Purva Palm Beach
Slide 3: 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 4: Company Overview
Company Overview Artist’s impression of Provident Capella 3
Slide 5: 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 75 projects measuring over 43.07msft • Land Bank at 58.34 msft and ongoing project
Slide 6: 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 7: 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 8: Development Bank
Development Bank Artist’s impression of Purva Atmosphere Artist’s impression of Purva Aspire Actual site picture – Purva Palm Beach 7
Slide 9: 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 13.35 38.29 51.64 Chennai 6.26 2.53 7.05 9.58 Hyderabad 2.26 0.68 - 0.68 Kochi 1.89 3.43 4.21 7.64 Others 1.57 0.23 1.01 1.24 West India 0.1
Slide 10: Ongoing and New Launches
Ongoing and New Launches Non-Bengaluru projects now account for 45% of the share of Provident accounts for 42% of the launch pipeline; in line ongoing and 32% of launch pipeline with the market trends and the Group‘s strategy 13% Launch pipeline 22% Launch pipeline 1% 6% 3% 17% Ongoing 37% Ongoing 1
Slide 11: Operational Overview – Area and sales
Operational Overview – Area and sales Actual site picture – Purva Palm Beach 10
Slide 12: Project Delivery
Project Delivery in million sq. ft. (numbers in million sq. ft.) FY17 FY18 FY19 FY20 FY21 9MFY22 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 2.31 Less: Completed during the period 2 -3.49 -6.06 -1.69 -2.44 -1.75 -0.40 Closing
Slide 13: Some of the launches planned for FY 22/FY23
Some of the launches planned for FY 22/FY23 Launch date – Q4FY22, Kochi Launch date – Q1 FY23, Pune Launch date – Q4 FY22, Bangalore Launch date – Q4FY22, Bangalore Launch date – Q4 FY22, Bangalore 12
Slide 14: Sales Q3FY22 Vs Q3FY21
Sales Q3FY22 Vs Q3FY21 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Dec-21 Dec-20 % Dec-21 Dec-20 % Dec-21 Dec-20 % Dec-21 Dec-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.33 0.61 -46% 169 368 -54% 303 420 -28% Completed Projects 0.07
Slide 15: Sales Q3FY22 Vs Q2FY22
Sales Q3FY22 Vs Q2FY22 Based on Bookings Quarter Ended Area Sold Units Sold Sale Value Sale Realization Dec-21 Sep-21 % Dec-21 Sep-21 % Dec-21 Sep-21 % Dec-21 Sep-21 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.33 0.33 0% 169 181 -7% 303 276 10% Completed Projects 0.07 0.0
Slide 16: Sales 9MFY22 Vs 9MFY21
Sales 9MFY22 Vs 9MFY21 Based on Bookings 9MFY Area Sold Units Sold Sale Value Sale Realization Dec-21 Dec-20 % Dec-21 Dec-20 % Dec-21 Dec-20 % Dec-21 Dec-20 % msft msft Nos. Nos. Rs.in crs Rs.in crs Rs.psft Rs.psft Puravankara 0.95 1.51 -37% 517 958 -46% 822 1,020 -19% Completed Projects 0.19 0.77 -
Slide 17: 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 18: Update on financials
Update on financials Artist’s impression of Purva Silversand Actual site picture – Purva Palm Beach 17
Slide 19: Consolidated Statement of Profit & Loss for the quarter ended December 31, 2021
Consolidated Statement of Profit & Loss for the quarter ended December 31, 2021 All numbers in INR Cr Q3FY22 Q2FY22 Q3FY21 Particulars Un Audited Un Audited Un Audited Income from operations Revenue from projects 220.60 255.53 256.41 Other Income 25.11 16.62 47.41 Total Income from operations 245.71
Slide 20: Income Statement for the 9M Year ended 31st December 2021
Income Statement for the 9M Year ended 31st December 2021 All numbers in INR Cr 9MFY22 9MFY21 Particulars Un Audited Un Audited Income from operations Revenue from projects 657.12 650.58 Other Income 402.35 63.84 Total Income from operations 1,059.47 714.42 Expenses Sub-contractor cost 378.97 226.35
Slide 21: Consolidated Balance Sheet as at 31st December 2021
Consolidated Balance Sheet as at 31st December 2021 All numbers in INR Cr Equity and Liabilities Dec-21 Mar-21 Assets Dec-21 Mar-21 Un Audited Audited Un Audited Audited Shareholders' Funds Non-Current Assets Equity Share Capital 119 119 (a) Property, plant and equipment 60 67 Other Equity 1,967 1,7
Slide 22: Cash Flow
Cash Flow All numbers in INR Cr Cash Flow Statement FY 2021 Q1 FY 22 Q2 FY 22 Q3 FY 22 9 MFY 22 A Operating Inflows 1,289.2 817.4 382.7 455.9 1,656.1 B Operating Outflows (793.8) (271.8) (300.1) (330.4) (902.3) C=A-B Operating Surplus 495.5 545.7 82.6 125.5 753.8 Less Interest Cost( Net ) (218.0) (7
Slide 23: Projected Cash Flow
Projected Cash Flow All numbers in INR Cr Puravankara Provident Total Balance collections from sold units 1 (A) 1,080 1,198 2,278 Value of Inventory open for sale 2 (B) 2,740 1,913 4,652 Balance cost to go 3 (C) 1,493 1,198 2,692 Surplus (A) + (B) – (C) (D) 2,327 1,912 4,239 Surplus from Inventory n
Slide 24: Debt Profile – Consistent improvement in debt to equity ratio
Debt Profile – Consistent improvement in debt to equity ratio; now at 0.89; returned to FY18 levels All numbers in INR Cr in Rs. Cr Q3 FY22 Q2FY22 Q1FY22 Q4FY21 Q3FY21 Q2FY21 Q1FY21 Opening Balance 2,189 2,136 2,502 2,613 2,834 2,680 2,681 Net Addition (Repayment) 94 53 -366 -111 -221 154 -1 Debt Ou
Slide 25: Appendix 1 – Project Status
Appendix 1 – Project Status Provident Sunworth 24
Slide 26: Project Status – Completed Projects as on December 31, 2021
Project Status – Completed Projects as on December 31, 2021 Puravankara' JD / JV Share for s Share - S.No. Project Location Developable Area Total Flats Developer Developable Area Area Sold Cumulative Inventory Launched Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % COMPLETED Puravankara 1 Cor
Slide 27: Project Status – Under Construction as on December 31, 2021
Project Status – Under Construction as on December 31, 2021 Puravanka JD / JV Share for ra's Share - S.No. Project Location Developable Area Total Flats Developer Developabl e Area Area Launched Sold Cumulative Inventory Msft Units % Msft Units Msft Nos Msft % Nos Mn sft % UNDER CONSTRUCTION Puravan
Slide 28: Project Status – Not yet open for Sale as on December 31, 2021
Project Status – Not yet open for Sale as on December 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
Slide 29: Appendix 2: Other Corporate Information
Appendix 2: Other Corporate Information 28
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 December 31, 2021
Shareholding Pattern as of December 31, 2021 Others, 7.08% Mutual Funds, 1.61% FIIs and FPIs, 16.31% 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 Gene
Slide 32: Share Price Movement
Share Price Movement 220 200 180 160 140 120 100 80 Dec-20 Jan-21 Mar-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Puravankara Sensex BSE Realty Notes: Graph rebased to 100 31
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 us strengthen our position as a thought leader for Q3 FY21-22 33
Slide 35: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA VENEZIA PURVA SKYWOOD PURVA SKYDALE Bengaluru Bengaluru Bengaluru 34
Slide 36: Appendix 3: Our Completed Projects
Appendix 3: Our Completed Projects PURVA BLUEMONT PURVA PALM BEACH PURVA ETERNITY Coimbatore Bengaluru Kochi 35
Slide 37: Appendix 4: Select Ongoing Projects
Appendix 4 : Select Ongoing Projects PURVA ZENIUM PURVA ASPIRE PROVIDENT PARKSQUARE PROVIDENT KENWORTH Bengaluru Pune Bengaluru Hyderabad 36
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 37
Slide 39: Appendix 4: Completed commercial projects
Appendix 4 : Completed commercial projects PURVA PRIMUS PURVA SUMMIT Chennai Hyderabad 38
Slide 40: Appendix 4: Ongoing commercial projects
Appendix 4 : Ongoing commercial projects PURAVANKARA BUSINESS PARK MUNDHWA Bengaluru Pune 39
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