INVESTOR PRESENTATION RESULTS FOR THE NINE MONTHS ENDED 31 st DECEMBER 2017 1 PRESTIGE GROUP | Presentation | December 2017 The Conrad Bengaluru, Shot at site
INDEX. 1. ABOUT PRESTIGE 2. KEY HIGHLIGHTS a) OPERATIONAL HIGHLIGHTS b) FINANCIAL HIGHLIGHTS c) DEALS/TRANSACTIONS 3. OPERATIONAL UPDATE 4. FINANCIAL UPDATE 5. PROJECT PORTFOLIO & UPDATE 6. RECEIVABLES PROFILE 7. AWARDS & RECOGNITIONS 8. PROJECT STATUS 9. GUIDANCE VS ACHIEVED 10. BOARD & MANAGEMENT 2
9+ mn sft 34 212 GLA of Operational Rental portfolio (PG share) Upcoming 12 mn sft Completed Projects spanning projects spanning across 84 Mnsf Over 48 Mnsf of GLA Under of Developed area construction & developable area Planning (PG share) 42 mn sft ICRA A+, Over 30 Years 51 ICRA A1+ Potential Credit rating of Legacy Ongoing Projects development from CRISIL DA1 spanning Low cost land bank of rated Developer by Over 53 Mnsf of 424 acre CRISIL developable area A B O U T P R E S T I G E Diversified Cash Flows Strong from Various One of the Most Associations with Segments Trusted Developers Various Banks & by Land Owners and FIs Customers Excellence Bagged Across Sector- Spearheaded by 200+ Residential, Real Estate Icon, Mr. Iconic developments Commercial, Irfan Razack & his -Forum Mall, Prestige Retail & brothers awards Shantiniketan, UB Mr. Rezwan and Hospitality 3 City, Prestige Mr.Noaman Razack Golfshire etc
B U S I N E S S S E G M E N T S Integrated Plotted RESIDENTIAL Apartments Villas Townships Developments Built to suit COMMERCIAL Office Space SEZs IT Parks Campuses RETAIL Malls Logistics Serviced HOSPITALITY Resorts Hotels Food Courts Apartments Sub leasing & Interior Design Project & Construction Facilities & SERVICES fit out services & Execution Mgmt Services Property Mgmt 4 PRESTIGE GROUP | Presentation | December 2017
S C A L E O F O P E R A T I O N S D e e p d e v e l o p m e n t p i p e l i n e t o t h e t u n e o f 1 4 2 m n s f t 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 90 39.82 100 29.15 7 5.39 7 1.86 8 7.42 212 83.63 Ongoing Projects 37 43.97 7 4.91 5 2.46 2 1.58 0 0.00 51 52.92 Upcoming Projects 22 30.47 10 15.70 2 1.78 0 0.00 0 0.00 34 47.95 Land Bank/Deal pipeline* 41.53 TOTAL 149 114 117 50 14 10 9 3 8 7 297 226 *Estimated 5
S H A R E H O L D I N G P A T T E R N As on 31 st December 2017 70% 27% 2% 1% Promoters Retail FIIs Mutual Funds 6
INDEX. 1. ABOUT PRESTIGE 2. KEY HIGHLIGHTS a) OPERATIONAL HIGHLIGHTS b) FINANCIAL HIGHLIGHTS c) DEALS/TRANSACTIONS 3. OPERATIONAL UPDATE 4. FINANCIAL UPDATE 5. PROJECT PORTFOLIO & UPDATE 6. RECEIVABLES PROFILE 7. AWARDS & RECOGNITIONS 8. PROJECT STATUS 9. GUIDANCE VS ACHIEVED 10. BOARD & MANAGEMENT 7
K E Y H I G H L I G H T S I. OPERATIONAL PERFORMANCE: 1. Q3F18 total sales at Rs 6,717 Mn up by 56% YoY; 9M total sales at Rs 20,704 Mn up by 14% YoY 2. Highest quarterly collections - Q3F18 total collections at Rs 11,928 Mn, up by 23% YoY; 9M total collections at Rs 32,168 Mn, up by 8% YoY 3. Q3F18 leasing at 0.42 Mn sft up by 202% YoY ; 9M leasing at 0.92 Mn sft up by 86% YoY 4. Q3F18 rental income at Rs 1,641 Mn up by 21% YoY; 9M rental income at Rs 4,625 Mn up by 14% YoY, 5. Completed two projects with developable area of over 1 mn sft - Hospitality project in Bengaluru, The Conrad (285 Keys, 0.49 Mn sft) - Retail mall in Mysuru, Forum Centre City Mall (0.58 Mn sft, 96% leased) 8 PRESTIGE GROUP | Presentation | December 2017
K E Y H I G H L I G H T S II. FINANCIAL PERFORMANCE 1. Q3F18 total revenue at Rs 12,902 Mn, up by 3% YoY ; 9MF18 total revenue at Rs 37049 Mn, up by 9% YoY 2. EBITDA at Rs 2,722 Mn up by 6% YoY ; 9MF18 EBITDA at Rs 8147 Mn up by 14% YoY 3. PAT Rs 982 Mn up by 2% YoY ; 9MFY18 PAT at Rs 2978 Mn up by 18% YoY 4. Unrecognized revenue stood at Rs 68,402 Mn 5. Average cost of borrowing down by ~1% to 9.5% as of Q3F18 9 PRESTIGE GROUP | Presentation | December 2017
K E Y H I G H L I G H T S III DEALS / BUSINESS DEVELOPMENT UPDATE 1. Platform Deal with HDFC Capital Advisors Ltd. a) Entered into a strategic partnership with HDFC Capital Advisors Limited b) Corpus of the platform will be to the tune of RS 2500 Crores which will be a blend of equity and debt c) Objective of the alliance is to develop large scale Mid-Income /Affordable Housing Projects across various geographies d) The platform will Strengthen PEPL presence in the existing geographies and help in expanding to different new growth Markets with high potential demand. e) The platform to spawn a property development to the tune of Rs 10,000 Crores (in terms of turnover) 10 PRESTIGE GROUP | Presentation | December 2017
K E Y H I G H L I G H T S III. DEALS / BUSINESS DEVELOPMENT UPDATE 2. Acquisition of CapitaLand’s stake in various mall entities for Rs 3,420 Mn a) The acquisition portfolio include five ready and operating retail malls across Bengaluru, Hyderabad, Mangaluru, Mysuru & Udaipur, a Mall management company, operating Oakwood serviced Residence at Bangalore and under construction properties at Kochi b) The acquisition will boost Prestige’s annuity portfolio with an estimated incremental rental income to the tune of Rs 750 Mn per annum c) In addition, the acquisition will grow the hospitality income from a 143 keys operating Oakwood serviced Residence at Whitefield in Bangalore, which is clocking revenue of around Rs.190Mn and a residential project with a potential developable area of 0.6 mn. sft. at Kochi. 11 PRESTIGE GROUP | Presentation | December 2017
K E Y H I G H L I G H T S III. DEALS / BUSINESS DEVELOPMENT UPDATE Cont …Acquisition of CapitaLand’s stake in various mall entities for Rs 3,420 Mn Stake held by Prestige Group SL Entity Name Prestige Stake – After No Group(before) Acquisition 1 Prestige Mysore Retail Ventures Private 51% 100% 2 Prestige Mangalore Retail Ventures Private Limited 51% 100% 3 Prestige Garden Constructions Private Limited 50% 100% 4 Babji Realtors Private Limited 24.50% 49% 5 CapitaLand Retail Prestige Mall Management Private Limited 50% 100% 6 Flicker Projects Private Limited 0% 100% 7 Thomsun Realtors Private Limited 50% 63% 12 PRESTIGE GROUP | Presentation | December 2017
K E Y H I G H L I G H T S III. DEALS / BUSINESS DEVELOPMENT UPDATE 3. Consolidation of stake in a group company, Prestige Projects Private Limited, a) Acquired stake held by PE investor and Landowner i.e 66.67% for the consideration of Rs 3,240 Mn. b) Post-acquisition PEPL’s stake in the SPV stands at 100% c) SPV proposes to develop a large scale affordable/ Mid- income project comprising of apartments, villas and plots with various lifestyle amenities and necessary social infrastructure such Retail shopping Mall, sports facilities etc d) The total developable area of the project will be over 8 Mn Sft approx. with estimated revenue potential of over INR Rs 40,000 Mn 13 PRESTIGE GROUP | Presentation | December 2017
O P E R A T I O N A L U P D A T E Value in ₹ Million Volume in Mnsqft Particulars Q3FY18 Q3FY17 Q2FY18 9MFY18 9MFY17 New Sales Value 6,717 4,293 8,035 20,704 18,231 New Sales Volume 0.98 0.68 1.16 3.05 2.91 Avg Realization/Sft 6,869 6,297 6,934 6,784 6,256 TOTAL Collections 11,928 9,678 7,980 32,168 29,688 Leasing Volume 0.42 0.14 0.39 0.92 0.49 Area Delivered 1.07 0.81 - 7.31 11.08 Area Launched - - - - 1.98 New Sales value 5,231 3,465 5,278 15,019 14,550 PRESTIGE SHARE New Sales Volume 0.78 0.55 0.80 2.27 2.34 Collections 9,469 8,159 6,588 26,106 25,073 Leasing Volume 0.35 0.01 0.27 0.73 0.07 Rental Income 1,641 1,354 1,504 4,625 4,045 14 PRESTIGE GROUP | Presentation | December 2017
P R O J E C T S C O M P L E T E D I N Q 3 F Y 1 8 Prestige Developable Economic Sl.No Project Completed Location Segment Share Area (Mnsf) Interest (Mnsf) 1 The Conrad Bengaluru Bengaluru Hospitality 0.49 100% 0.49 2 Forum Centre City Mall Mysuru Retail 0.58 51% 0.30 Total 1.07 0.79 15 PRESTIGE GROUP | Presentation | December 2017
S A L E S S U M M A R Y | P R E S T I G E S H A R E Areas are in Million Sqft Values are in Million ₹ Particulars Q3FY18 Q2FY18 9MFY18 9MFY17 Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment 0.67 412 4,271 0.74 475 4,821 1.87 1185 11813 1.82 1173 10,967 Premium Segment 0.10 19 905 0.04 9 350 0.29 87 2631 0.21 51 1,660 TOTAL 0.77 431 5176 0.78 484 5171 2.16 1272 14444 2.03 1224 12,627 Commercial 0.01 0 55 0.02 0 106 0.10 575.57 0.31 0 1,924 GRAND TOTAL 0.78 431 5231 0.80 484 5278 2.27 1272 15019 2.34 1224 14,550 Realisation per sft 6,691 6,626 6,629 6,211 NOTE − Part of the above sales are yet to come for revenue recognition in the books of accounts since the projects have not reached the threshold limits of 25% completion (excluding land) − The above sales value and realization are excluding Stamp duty & Registration fee. 16 PRESTIGE GROUP | Presentation | December 2017
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