Prestige Estates Projects Limited I nvestor Presentation Q3 FY2 0 1 - PowerPoint PPT Presentation

Prestige Estates Projects Limited I nvestor Presentation Q3 FY2 0 1 1 Strictly Private & Confidential

Discussion Agenda Business Update � Highlights of Q3 FY 2011 � Business Segments Results Update � Financials - Snapshot � Ratios � Sales Summary � Debt Profile � Receivables Profile � Rental Income � Key Subsidiaries - Snapshot Projects Update � Project Completions & Launches About the Com pany Key Projects 2 Strictly Private & Confidential

Business Update Strictly Private & Confidential

Highlights of Q3 FY1 1 � Prestige was listed on NSE and BSE on 27 October 2010. It mobilised Rs.1200 crores from the Initial Public Offer with dilution of 20% stake. MARKET CAPITALISATION of the Company as on 31 December 2010 is Rs.56,429 million. � The Prestige Shantiniketan, one of the largest mixed-use township development project was inaugurated on 12 December 2010. � During the Q3 FY11, Prestige Group launched a commercial and a retail project comprising of an aggregate developable area of 2.8 msf. The details are as below: PROJECTS LAUNCHED DURI NG Q3 FY11 JD rat io/ Developable area Project name Locat ion Economic in Sq. ft int erest COMMERCI AL PROJECTS Prest ige Techpark III Out er Ring Road, 1,787,404 100% Bangalore RETAI L PROJECTS Forum Shant iniket an Whit efield, 1,055,360 63.87% Mall Bangalore TOTAL 2,842,764 4 Strictly Private & Confidential

Highlights of Q3 FY1 1 – Contd.. � Prestige has delivered around 3.6 msf of area comprising of residential and commercial projects. The details are as below: PROJECTS COMPLETED DURI NG Q3 FY11 Developable JD ratio/ Project nam e Location area in Sq. ft Econom ic ( Million Sft) interest RESI DENTI AL PROJECTS Prest ige Shant iniket an - Resident ial Whit efield, Bangalore 2,109,241* 73.61% COMMERCI AL PROJECTS Cessna Block 6 Out er Ring Road, 591,130 60.00% Exora Business Park Phase I Bangalore 920,413 32.46% 3,620,784 TOTAL * 6 m n sft already delivered during the year 5 Strictly Private & Confidential

Business Segm ents Our Business Residential Commercial Retail Hospitality Services S ub-leasing and Apartments Office S pace Malls Resorts fit-out services S ervice Villas S EZs Proj ect and Apartments Construction Mgmt services Built-to-suit Townships Hotels Campuses Interior Design and Execution Plotted Food Court Techparks Developments Facilities & Property Management 6 Strictly Private & Confidential

Geographical Mix – A South India player Ongoing, under development and forthcoming developments by geography Number of Developable area City projects ( msf) Cochin Hyderabad Bangalore 37 46.1 4.2% 3.2% Hyderabad 2 2.1 Chennai Chennai 6 8.0 13.0% Bangalore Mysore 2 1.9 75.3% Mysore Cochin 4 2.5 3.1% Mangalore 1 0.8 Mangalore Total 52 61.4 1.2% Total = 61.4 m sq. ft. Land Bank ~ 483 acres 7 Strictly Private & Confidential

Product Mix – A large and well diversified portfolio Ongoing projects Under development projects Forthcoming projects Hospitality Hospitality Retail 4.0% 8.3% Commercial Retail 4% Residential Retail Residential 15% 10.7% 30.4% 14.2% 81% Commercial 12.7% Commercial Residential 51.4% 68.3% Total = 3 1 .2 m sq. ft. Total = 1 3 .6 m sq. ft. Total = 1 6 .6 m sq. ft. 8 Strictly Private & Confidential

Results Update Strictly Private & Confidential

Balance Sheet as at Decem ber 3 1 , 2 0 1 0 As a t As a t 3 1 - De c- 1 0 3 1 - Ma r- 1 0 Rs. Rs. ( Una udite d) ( Audite d) SOURCES OF FUNDS Rs. I n Mio 1 . Sha re holde rs' funds (a) Capit al 3,281 2,625 (b) Reserves and surplus 16,931 3,651 2 . Loa n funds (a) Secured loans 11,874 12,048 (b) Unsecured loans 384 611 3. Deferred t ax liabilit y 63 4 TOTAL 3 2 ,5 3 3 1 8 ,9 4 0 APPLI CATI ON OF FUNDS 1 . Fix e d a sse ts (a) Gross block 6,036 6,006 (b) Less: Depreciat ion 1,795 1,548 (c) Net block 4 ,2 4 1 4 ,4 5 8 (d) Capit al work in progress 891 572 5 ,1 3 3 5 ,0 3 0 2 . I nv e stm e nts 6,540 5,177 3 . Curre nt Asse ts, Loa ns a nd Adv a nce s (a) Invent ories 8,483 7,891 (b) Sundry debt ors 5,859 3,947 (c) Cash and bank balances 5,463 1,361 (d) Int erest accrued 55 3 (e) Loans and advances 9,940 5,845 Sub Tota l 2 9 ,8 0 0 1 9 ,0 4 7 Le ss: Curre nt Lia bilitie s a nd Prov isions (a) Liabilit ies 6,892 8,948 (b) Provisions 2,048 1,367 Sub Tota l 8 ,9 4 1 1 0 ,3 1 4 Ne t curre nt a sse ts 20,860 8,733 TOTAL 3 2 ,5 3 3 1 8 ,9 4 0 10 Strictly Private & Confidential

I ncom e Statem ent – Q3 FY1 1 Rs. in Mio Nine Previous Quarter Months Year Particulars ended % % % ended ended 31.12.10 31.12.10 31.03.10 I ncom e A Project Income 1 Resident ial Income 2480 76% 5080 63% 5772 71% (a) Mid Income 1202 48% 3369 66% 4578 79% (b) Premium 1278 52% 1712 34% 1194 21% 2 Commercial Income 777 24% 2987 37% 2345 29% Total - A 3257 85% 8068 84% 8118 82% B Rent al Income 1 Malls 131 35% 404 36% 487 35% 2 115 30% 350 31% 472 34% Office space 3 Sublease Income 133 35% 374 33% 420 30% Total - B 379 10% 1128 12% 1379 14% C Ot her Income Share of Profit from 1 44 24% 209 53% 350 80% Part nership Firms 2 Int erest Income 137 75% 162 41% 70 16% 3 Ot hers 2 1% 24 6% 15 3% Total - C 183 5% 395 4% 435 4% Total ( A+ B+ C) 3819 100% 9590 100% 9932 100% 11 Strictly Private & Confidential

Expenditure Statem ent - Q3 FY1 1 Rs. in Mio Nine Previous Quarter Year Months Particulars ended % % % ended ended 31.12.10 31.12.10 31.03.10 Expenses Cost of Projects Sold 1 Resident ial 1722 75% 3799 66% 4217 67% (a) Mid Income 973 57% 2869 76% 3706 88% (b) Premium 748 43% 930 24% 511 12% 2 Commercial 586 25% 1954 34% 2090 33% Tot al - A 2308 94% 5753 93% 6307 93% Rental Expenses 1 Malls 20 14% 61 15% 62 14% 2 Propert y Maint enance 1 1% 5 1% 10 2% 3 Sublease Expenses 114 85% 342 84% 372 84% Tot al - B 135 6% 408 7% 444 7% Total ( A+ B) 2443 100% 6161 100% 6751 100% 12 Strictly Private & Confidential

Ratios Rs. In Mio Nine Months Previous Year Quarter ended ended ended Particulars 31.12.2010 31.12.2010 31.03.2010 (Unaudited) (Unaudited) (Audited) EBITDA 1,118 2,767 2,618 EBITDA Ratio 29.28% 28.85% 26.36% PAT 544 1,334 1,417 PAT Ratio 14.24% 13.91% 14.27% Depreciation 83.71 249.23 349.33 EPS 4.77 5.40 Market Cap at at December 31, 2010 56,429 Net Worth (Standalone) 20,212 6,276 Net Debt (Standalone) 6,794 13,017 Net Debt Equity Ratio (Standalone) 0.34 2.07 Net Worth (Consolidated) 22,526 9,304 Net Debt (Consolidated) 10,089 14,286 Net Debt Equity Ratio (Consolidated) 0.45 1.54 13 Strictly Private & Confidential

Grow th Chart TURNOVER OF PRESTI GE FOR THE LAST 6 YEARS 12,000 9,932 9,693 9,590* 10,000 Turnover (Rs.in Mio) 8,897 8,000 6,000 4,605 4,271 4,000 2,000 0 2006 2007 2008 2009 2010 2011 Financial Years * Note: Turnover for FY11 is for 9 months ended Dec 31 2010 14 Strictly Private & Confidential

Sum m ary of Sales : Q1 -Q3 FY1 1 SALES - SUMMARY Rs. I n Mio Q1 FY 2011 Q2 FY 2011 Q3 FY 2011 TOTAL FY 2011 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Residential 118,327 61 490 154,296 84 631 Mid Income Segment 108,740 60 512 381,363 205 1,633 48,030 8 333 383,024 67 5,266 Premium Segment 179,037 35 2,128 610,091 110 7,727 TOTAL 166,357 69 822 537,320 151 5,897 287,777 95 2,641 991,454 315 9,361 708 - 0 365,000 - 1,460 Com m ercial 87,967 - 543 453,675 - 2,003 GRANDTOTAL 167,065 69 823 902,320 151 7,357 375,744 95 3,184 1,445,129 315 11,364 Note: 1) Substantial portion of above sales are yet to com e for revenue recognition in the books since the projects have not reached the threshold lim its of 30% com pletion excluding land 2) Overall unrecognized revenue in the books from all the projects as on 31/ 12/ 2010 (Sales done and yet to com e for recognition based on POC is Rs. 20,110 Million). 15 Strictly Private & Confidential

Debt Profile Particulars Standalone % Consolidated Loan * % Debt as on 31.12.2010 Secured Loan 11,874 97% 15,587 96% a. Project & Working Capit al Loans 4,074 34% 4,799 31% b. Rent al Securit isat ion Loans 3,353 28% 6,341 41% c. Receivables discount ing loans 4,447 38% 4,447 28% Unsecured Loan 384 3% 639 4% Gross Debt 12,258 16,226 Less: Cash & Bank Balances 5,463 6,137 Net Debt 6,795 10,089 Note: There is an increase of Rs 3713 Mio in the loan amount due to consolidation of the subsidiary companies. However, we should note that since consolidation is done based on line by line basis as per Accounting Standard 21, 100% of the loan amounts in subsidiaries are added up to standalone loan outstanding. If we consider only proportionate PEPL holding in the subsidiaries the net loan balance will amount to Rs 2,178 Mio as against Rs. 3,713 Mio resulting in the overall net debt of Rs 8,973 Mio (Rs 6,795 + Rs 2,178) on a consolidated basis. 16 Strictly Private & Confidential