INVESTOR Presentation -Q1 FY15-16 1
ABOUT PRESTIGE 2
Iconic developments like Only Awarded with Forum Mall, Prestige CRISIL DA1* rated financial rating of Shantiniketan, UB City, Developer in India A+ by ICRA Prestige Golfshire etc 187 Excellence across all Real One of South completed projects Estate Classes, i.e. Diversified Cash Flows spanning across 62.36 India’s Leading Residential, Commercial, from Various Segments Developers . Mnsf of Developed Area Retail & Hospitality ABOUT PRESTIGE 67 Ongoing Projects One of the Most Trusted Strong Associations with spanning Developers by Land Various Banks & FIs Over 64.86 Mnsf of Area Owners and Customers Legacy Spanning over Spearheaded by Real 28 YEARS Strong Joint Venture Estate Icon, Mr. Irfan Stable Cash Flows by partners like Razack & his brothers way of Annuity Income CapitaLand, RedFort , Mr. Rezwan and etc 3 Mr.Noaman Razack
Business Segments Integrated RESIDENTIAL Apartments Villas Plotted Developments Townships Built to suit COMMERCIAL Office Space SEZs IT Parks Campuses RETAIL Malls Serviced HOSPITALITY Resorts Hotels Food Courts Apartments Sub leasing & fit Interior Design & Facilities & Project & Construction SERVICES out services Execution Property Mgmt Mgmt Services 4
Scale of Operations Residential Commercial Retail Hospitality Plotted Development Total Category Area Area Area Area Area Area Number (Mnsft) Number (Mnsft) Number (Mnsft) Number (Mnsft) Number (Mnsft) Number (Mnsft) Completed Projects 68 20.08 99 28.70 6 4.81 6 1.37 8 7.42 187 62.37 Ongoing Projects 52 55.56 6 4.77 6 2.78 3 1.75 0 0 67 64.86 Upcoming Projects 23 31.64 4 6.73 2 2.10 0 0 0 0 29 40.47 Land Bank 51.05 TOTAL 143 107.28 109 40.19 14 9.69 9 3.12 8 7.42 283 218.75 5
SHAREHOLDING PATTERN As on 30 June 2015 70% Category % Holding Promoters 70% 22% FIIS 22% Mutual Funds 5% 5% Retail 3% 3% Promoters FIIs Mutual Funds Retail 6
Board of Directors Uzma Irfan Noaman Razack Irfan Razack Rezwan Razack Additional Director Wholetime Director Chairman & Managing Director Joint Managing Director Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Dr. Pangal Ranganath Nayak Independent Director Independent Director Independent Director Independent Director 7
Executive Management Faiz Rezwan Zackria Hashim Ravinda Jain Anjum Jung Zaid Sadiq Omer Bin Jung Executive Director- Executive Director- Land Executive Director- Interior Executive Director- Contracts Executive Director- Executive Director- Hospitality Contracts & Projects Acquisition Design Liasion & Hospitality Suresh Singaravelu Swaroop Anish Arvind Pai V. Gopal Venkat K Narayan Nayeem Noor Executive Director- Legal Executive Director- Retail, Executive Director- Business Executive Director- Executive Director- Executive Director- Public Hospitality & Business Expansion Development Projects & Planning Finance & CFO Relations 8
Q1 FY 2015-16 9
INDEX Rental Portfolio & Guidance Vs Acheived Operational & Debt Profile About Prestige Leasing Update Highlights Receivables Financial Project Portfolio & Sales Summary Proflie Highlights Update 10
OPERATIONAL UPDATE 11
Operational Highlights MILLIONS QI FY16 Vs Quarter I Quarter I QI FY15 Quarter Particulars FY16 FY15 (% Growth) IV FY15 FY15 New Sales - Total Amount (Rs. Mn) 6112 14073 -57% 11109 50135 Area (Mnsf) 0.92 2.27 -59% 1.46 7.73 Avg Realization/Sft (Rs) 6643 6200 7626 6489 New Sales - Prestige Share Amount (Rs. Mn) 5266 13073 -60% 10064 43624 Area (Mnsf) 0.80 2.08 -62% 1.33 6.69 Collections (Rs. Mn) Total Collections 10373 8867 17% 11155 38843 Prestige Share 8445 7607 11% 9047 32316 12
Operational Highlights MILLIONS QI FY16 Vs Quarter I Quarter I QI FY15 Quarter Particulars FY16 FY15 (% Growth) IV FY15 FY15 New Leasing Total (Mnsf) 0.26 0.69 -62% 0.58 2.73 Prestige Share (Mnsf) 0.08 0.06 35% 0.32 0.48 Rental Income - Prestige Share (Rs. Mn) 990 746 33% 906 3264 Area Delivered (Mnsf) 0.12 3.81 -97% 1.51 8.92 Launches (Mnsf) 0.00 4.60 -100% 7.25 14.63 4% Unrecognized Revenue (Mnsft) 78122 74908 85254 85254 13
FINANCIAL UPDATE 14
Financial Highlights- Q1 FY16- Standalone Rs. Mn QI FY16 Vs Quarter I Quarter I QI FY15 Quarter Particulars FY16 FY15 (% Growth) IV FY15 FY15 Turnover (Rs. Mn) 8182 6156 33% 7426 25730 EBIDTA (Rs. Mn) 2118 1895 12% 2113 8210 EBIDTA % 26% 31% 28% 32% PAT (Rs. Mn) 1282 1041 23% 1138 4142 PAT % 16% 17% 15% 16% WACC 12.29% 12.84% 12.50% 12.50% D/E Ratio (Standalone) 0.51 0.45 0.47 0.47 D/E Ratio (Consolidated) 0.79 0.76 0.76 0.76 15
Financial Highlights- Q1 FY16- Standalone Rs. Mn Turnover, EBIDTA & PAT (Rs. Mn) Turnover, EBIDTA & PAT (Rs. Mn) 9000 9000 8182 8182 10% 8000 8000 33% 7426 7000 7000 6156 6000 6000 Turnover Turnover 5000 5000 EBIDTA EBIDTA PAT 4000 PAT 4000 3000 3000 0% 2118 12% 2113 2118 1895 2000 2000 13% 1282 23% 1282 1138 1041 1000 1000 0 0 Q1 FY15 Q1FY16 Q4 FY15 Q1FY16 16
FINANCIALS- Standalone 1 Balance Sheet as at 30 June 2015 Rs. Mn As at As at Particulars 30-Jun-15 31-Mar-15 I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,750 3,750 (b) Reserves and surplus 36,471 35,195 40,221 38,945 (2) Non-current liabilities (a) Long-term borrowings 3,377 3,363 (b) Deferred tax liabilities (Net) 13 13 (c) Other Long-term liabilities 862 882 (d) Long-term provisions 64 59 4,316 4,317 (3) Current liabilities (a) Short-term borrowings 21,016 19,932 (b) Trade payables 4,297 4,719 (c) Other current liabilities 14,846 16,598 (d) Short-term provisions 1,430 1,482 41,589 42,731 17 Total 86,126 85,993
FINANCIALS- Standalone 2 Balance Sheet as at 30 June 2015 Rs. Mn As at As at Particulars 30-Jun-15 31-Mar-15 II. ASSETS (1) Non-current assets (a) Fixed assets (i)Tangible assets 5,697 5,266 (ii)Intangible assets 25 25 (iii)Capital work-in-progress 2,992 2,813 8,714 8,104 (b) Non-current investments 10,699 10,644 (c) Deferred tax assets (Net) - - (c) Long-term loans and advances 15,518 15,229 (d) Other non-current assets 808 696 35,739 34,673 (2) Current assets (a) Current investments 1,700 1,700 (b) Inventories 25,003 25,608 (c) Trade receivables 8,212 7,413 (d) Cash and Bank balances 2,568 3,315 (e) Short-term loans and advances 12,509 12,933 (f) Other current assets 395 351 50,387 51,320 Total 86,126 85,993 18
FINANCIALS- Standalone Profit & Loss Account as on 30 June 2015 Rs. Mn Quarter ended Year ended Particulars 30-Jun-15 31-Mar-15 30-Jun-14 31-Mar-15 (I) Revenue from Operations 6,959 6,762 5,631 23,743 (II) Other Income 1,223 664 525 1,987 (III) Total Revenue - (I+II) 8,182 7,426 6,156 25,730 (IV) Expenses Purchases of Stock of units - 39 60 569 Cost of sales on projects 4,942 4,059 3,142 12,879 Property and Facilities operating expenses 495 526 329 1,610 Employee benefits expense 335 334 332 1,308 Finance costs 539 524 380 1,883 Depreciation and amortization expense 119 122 92 422 Other expenses 292 355 398 1,154 Total Expenses 6,722 5,959 4,733 19,825 (V) Profit before tax (III-IV) 1,460 1,467 1,423 5,905 (VI) Tax expense 178 329 382 1,763 VII. Profit (Loss) for the period 1,282 1,138 1,041 4,142 19
FINANCIALS - Key Ratios- Standalone Rs. Mn Quarter Ended Year Ended 30-Jun-15 31-Mar-15 31-Mar-15 Sl. No. Particulars 30-Jun-14 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Sale of Projects & Property Income 6,959 6,762 5,631 23,743 2 Other Income 1,223 664 525 1,987 3 Total Income 8,182 7,426 6,156 25,730 4 Cost of project sold and property expenses 5,437 4,624 3,531 15,058 5 Gross Margin 1,522 22% 2,138 32% 2,100 37% 8,685 37% 6 Admin, Employee and Selling cost 627 689 730 2,462 7 EBIDTA 2,118 26% 2,113 28% 1,895 31% 8,210 32% 8 Financial Expenses 539 524 380 1,883 9 Depreciation 119 122 92 422 10 Total Expenses 6,722 5,959 4,733 19,825 20
FINANCIALS - Key Ratios- Standalone Rs. Mn Quarter Ended Year Ended 30-Jun-15 31-Mar-15 31-Mar-15 Sl. No. Particulars 30-Jun-14 Ratio/% Ratio/% Ratio/% Ratio/% (Unaudited) (Unaudited) (Unaudited) (Audited) 11 PBT 1,460 18% 1,467 20% 1,423 23% 5,905 23% 12 Tax 178 329 382 1,763 13 PAT 1,282 16% 1,138 15% 1,041 17% 4,142 16% 14 Share of profit / (loss) from associates - - - - 15 Minority - - - - 14 Profit after tax 1,282 1,138 1,041 4,142 14 EPS (Annualized) (In Rs) 13.67 12.44 11.90 11.32 15 Market Price per share 247.20 268.50 250.05 268.50 16 PE Ratio 18 22 21 24 17 Market Cap 92,700 100,688 87,518 100,688 18 Net Worth 40,221 38,945 30,737 38,945 19 Book Value per share 107 104 88 104 20 Price to Book Value 2.30 2.59 2.85 2.59 21
Financial Highlights- Q1 FY16- Consolidated Rs. Mn Quarter I Particulars FY15 FY16 Turnover (Rs. Mn) 13601 35184 EBIDTA (Rs. Mn) 3399 10925 EBIDTA % 25% 31% PAT (Rs. Mn) 1404 3667 PAT % 10% 10% 22
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