INVESTOR PRESENTATION | Q3FY16 RECENT LAUNCH| MIXED DEVELOPMENT PROJECT| ARTIST'S IMPRESSION
INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. GUIDENCE VS ACHIEVED 7. AWARDS & RECOGNITIONS 8. PROJECT STATUS
65 ICRA A+ Credit rating Ongoing Projects Diversified Cash spanning by ICRA Flows from Over 67 Mnsf of Various Segments Area Over 28 Years 192 CRISIL DA1 Strong Completed projects rated Developer Associations with of Legacy spanning across 64.12 by CRISIL Various Banks & Mnsf of Developed FIs Area ABOUT PRESTIGE ENTRY INTO CAPITAL One of the Most MARKET Stable Cash Flows by Trusted Developers FY 2011 way of Annuity by Land Owners and Income Customers Excellence across Spearheaded by all Real Estate Strong Joint Iconic developments Real Estate Icon, Mr. Classes, i.e. Venture -Forum Mall, Prestige Irfan Razack & his Residential, partners - Shantiniketan, UB brothers Commercial, CapitaLand, City, Prestige Mr. Rezwan and Golfshire etc Retail & Hospitality RedFort , etc Mr.Noaman Razack
BUSINESS SEGMENTS Integrated Plotted RESIDENTIAL Apartments Villas Townships Developments Built to suit COMMERCIAL Office Space SEZs IT Parks Campuses RETAIL Malls Serviced HOSPITALITY Resorts Hotels Food Courts Apartments Sub leasing & Interior Design Project & Construction Facilities & SERVICES fit out services & Execution Mgmt Services Property Mgmt 4
SCALE OF OPERATION Areas are in Million Sqft PLOTTED RESIDENTIAL COMMERCIAL RETAIL HOSPITALITY TOTAL DEVELOPMENT PARTICULARS Nos. AREA NOS. AREA NOS. AREA NOS. AREA NOS. AREA NOS. AREA COMPLETED PROJECTS 72 21.38 100 29.15 6 4.81 6 1.37 8 7.42 192 64.12 ONGOING PROJECTS 51 58.15 5 4.32 6 2.78 3 1.75 0 0.00 65 67.00 UPCOMING PROJECTS* 25 29.63 7 9.97 2 1.78 0 0.00 0 0.00 34 41.38 LAND BANK* 51.05 TOTAL 148 109.16 112 43.43 14 9.37 9 3.12 8 7.42 291 223.55 *Estimated 5
SHAREHOLDING PATTERN As on 31 st December 2015 70% 24% 5% 1% Promoters Retail FIIs Mutual Funds 6
BOARD OF DIRECTORS Irfan Razack Rezwan Razack Noaman Razack Uzma Irfan Chairman & Managing Joint Managing Director Wholetime Director Director Director Dr. Pangal Ranganath Jagdeesh K. Reddy B.G. Koshy Noor Ahmed Jaffer Nayak Independent Independent Independent Independent Director Director Director Director 7
EXECUTIVE MANAGEMENT Faiz Rezwan Zackria Hashim Zaid Sadiq Anjum Jung Executive Director- Executive Director- Land Executive Director- Executive Director- Interior Contracts & Projects Acquisition Liasion & Hospitality Design Nayeem Noor V. Gopal Zayd Noaman Omer Bin Jung Executive Director- Executive Director- Executive Director- CMD Executive Director- Government Relations Projects & Planning OFFICE Hospitality 8
EXECUTIVE MANAGEMENT Ravinda Jain Suresh Singaravelu Swaroop Anish Executive Director- Executive Director- Retail, Executive Director- Business Contracts Hospitality & Business Development Expansion Arvind Pai Venkat K Narayan Asha Vasan Executive Director- Legal Executive Director- Executive Director- Finance & CFO Commercial Sales & Collections 9
INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. GUIDENCE VS ACHIEVED 7. AWARDS & RECOGNITIONS 8. PROJECT STATUS
OPERATIONAL HIGHLIGHTS PARTICULARS Q3FY16 Q3FY15 Q2FY16 9MFY16 9MFY15 Presales ( ₹ Mn) 5,884 10,094 7,091 19,087 39,023 Area (Mnsf) 1.00 1.55 1.16 3.08 6.27 Avg Realization/Sft ( ₹ ) 5,889 6,504 6,113 6,199 6,222 TOTAL Collections ( ₹ Mn) 9,347 9,209 9,413 29,133 27,688 Leasing (Mnsf) 0.24 0.19 0.43 0.93 2.15 Area Delivered (Mnsf) 0.06 0.66 1.69 1.87 7.41 Launches (Mnsf) 1.55 - 2.28 3.83 7.38 Presales ( ₹ Mn) 5,123 7,594 6,051 16,440 33,560 PRESTIGE SHARE Area (Mnsf) 0.90 1.13 1.02 2.72 5.36 Collections ( ₹ Mn) 7,976 7,561 7,755 24,176 23,269 Leasing (Mnsf) 0.15 0.003 0.05 0.28 0.16 Rental Income ( ₹ Mn)* 1,215 863 1,002 3,207 2,358 Unrecognized Revenue ( ₹ Mn) 72,135 83,776 74,248 72,135 83,776 11
INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. GUIDENCE VS ACHIEVED 7. AWARDS & RECOGNITIONS 8. PROJECT STATUS
FINANCIAL HIGHLIGHTS | Q3FY16 |STANDALONE Values are in Million ₹ PARTICULARS Q3FY16 Q3FY15 Q2FY16 9MFY16 9MFY15 Turnover 5720 6453 6789 20691 18304 EBIDTA 1436 2241 1843 5397 6096 EBIDTA % 25% 35% 27% 26% 33% PAT 649 995 1089 3019 3004 PAT % 11% 15% 16% 15% 16% D/E Ratio 0.64 0.43 0.52 0.64 0.43 13
FINANCIAL | STANDALONE|BALANCE SHEET AS AT 31 st December 2015 Values are in Million ₹ 31-Dec-15 30-Sep-15 31-Mar-15 Particulars I. EQUITY AND LIABILITIES (1) Shareholders’ funds (a) Share capital 3,750 3,750 3,750 (b) Reserves and surplus 38,151 37,538 35,195 41,901 41,288 38,945 (2) Non-current liabilities (a) Long-term borrowings 11,615 8,496 3,363 (b) Deferred tax liabilities (Net) 10 10 13 (c) Other Long-term liabilities 1,130 1,130 882 (d) Long-term provisions 74 73 59 12,829 9,709 4,317 (3) Current liabilities (a) Short-term borrowings 23,184 20,090 19,932 (b) Trade payables 5,555 5,208 4,719 (c) Other current liabilities 14,309 14,374 16,598 (d) Short-term provisions 383 1,430 1,482 43,431 41,102 42,731 Total 98,161 92,099 85,993 14
FINANCIAL | STANDALONE| BALANCE SHEET AS AT 31 st December 2015 Values are in Million ₹ 31-Dec-15 30-Sep-15 31-Mar-15 Particulars II. ASSETS (1) Non-current assets (a) Fixed assets (i)Tangible assets 5,663 5,608 5,266 (ii)Intangible assets 25 25 25 (iii)Capital work-in-progress 3,442 3,210 2,813 9,130 8,843 8,104 (b) Non-current investments 10,944 10,824 10,644 (c) Long-term loans and advances 25,580 17,941 15,229 (d) Other non-current assets 1,120 1,008 696 46,774 38,616 34,673 (2) Current assets (a) Current investments 1,700 1,700 1,700 (b) Inventories 27,186 26,639 25,608 (c) Trade receivables 8,548 8,534 7,413 (d) Cash and Bank balances 2,400 5,363 3,315 (e) Short-term loans and advances 11,122 10,854 12,933 (f) Other current assets 431 393 351 51,387 53,483 51,320 Total 98,161 92,099 85,993 15
FINANCIAL | STANDALONE| PROFIT & LOSS ACCOUNT AS ON 31 st December 2015 Values Are In Million ₹ QUARTER ENDED NINE MONTHS YEAR ENDED PARTICULARS 31-DEC-15 30-SEP-15 31-DEC-14 31-DEC-15 31-DEC-14 31-MAR-15 (I) Revenue from Operations 5397 6445 6175 19757 17390 24496 (II) Other Income 323 344 278 934 914 1234 (III) Total Revenue - (I+II) 5720 6789 6453 20691 18304 25730 (IV) Expenses Purchases of Stock of units 0 0 120 0 530 569 Cost of sales on projects 3015 3742 3023 11699 8820 12879 Property and Facilities operating expenses 604 532 401 1631 1084 1610 Employee benefits expense 322 368 309 1025 975 1308 Finance costs 553 548 510 1640 1358 1883 Depreciation and amortization expense 127 127 114 374 300 422 Other expenses 343 304 359 939 799 1154 Total Expenses 4964 5621 4836 17308 13866 19825 (V) Profit before tax (III-IV) 756 1168 1617 3383 4438 5905 (VI) Tax expense 107 79 622 364 1434 1763 VII. Profit (Loss) for the period 649 1089 995 3019 3004 4142 16
FINANCIAL | KEY RATIOS | STANDALONE QUARTER ENDED YEAR ENDED SL. PARTICULARS 31-DEC-15 RATIO/% 30-SEP-15 RATIO/% 31-DEC-14 RATIO/% 31-MAR-15 RATIO/% NO. (UNAUDITED) (UNAUDITED) (UNAUDITED) (AUDITED) 1 Sale of Projects & Property Income 5,397 6,445 6,175 24,496 2 Other Income 323 344 278 1,234 3 Total Income 5,720 6,789 6,453 25,730 Cost of project sold and property 4 expenses 3,619 4,274 3,544 15,058 5 Gross Margin 1,778 33% 2,171 34% 2,631 43% 9,438 39% 6 Admin, Employee and Selling cost 665 672 668 2,462 7 EBIDTA 1,436 25% 1,843 27% 2,241 35% 8,210 32% 8 Financial Expenses 553 548 510 1,883 9 Depreciation 127 127 114 422 10 Total Expenses 4,964 5,621 4,836 19,825 11 PBT 756 13% 1,168 17% 1,617 25% 5,905 23% 12 Tax 107 79 622 1,763 17
FINANCIAL | KEY RATIOS | STANDALONE QUARTER ENDED YEAR ENDED SL. PARTICULARS 31-DEC-15 RATIO/% 30-SEP-15 RATIO/% 31-DEC-14 RATIO/% 31-MAR-15 RATIO/% NO. (UNAUDITED) (UNAUDITED) (UNAUDITED) (AUDITED) 13 PAT 649 11% 1,089 16% 995 15% 4,142 16% 14 EPS (Annualized) (In Rs) 6.92 11.62 10.88 11.32 15 Market Price per share 193.50 215.50 239.25 268.50 16 PE Ratio 28 19 22 24 17 Market Cap 72,563 80,813 89,719 1,00,688 18 Net Worth 41,901 41,288 38,558 38,945 19 Book Value per share 112 110 103 104 20 Price to Book Value 1.73 1.96 2.33 2.59 18
FINANCIAL HIGHLIGHTS | Q3FY16 | CONSOLIDATED Values are in Million ₹ Particulars Q3FY16 Q2FY16 9MFY16 Turnover 10,002 12,311 35,914 EBIDTA 2,487 2,978 8,864 EBIDTA % 25% 24% 25% PAT 729 1,096 3,231 PAT % 7% 9% 9% D/E Ratio 1.10 0.81 1.10 Average Cost of Debt 11.50% 11.93% 11.50% 19
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