I N V E S T O R P R E S E N T A T I O N Q 3 F Y 1 7. PRESTIGE GROUP Investor Presentation December 2016

Transcription

1 I N V E S T O R P R E S E N T A T I O N Q 3 F Y 1 7 PRESTIGE GROUP Investor Presentation December

2 2 INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. AWARDS & RECOGNITIONS 7. PROJECT STATUS 8. GUIDANCE VS ACHIEVED

3 Over 28Years of Legacy 201 Completed projects spanning across 78Mnsf of Developed area 60 Ongoing Projects spanning Over Mnsf of developable area 36 Upcoming Projects spanning Over Mnsf of developable area A B O U T P R E S T I G E 42 mn sft Potential development from Low cost land bank of 424 acre 8.7 mn sft GLA of Operational Rental portfolio (PG share) 11.5 mn sft GLA Under construction & Planning (PG share) ICRA A+, ICRA A1+ Credit rating CRISIL DA1 rated Developer by CRISIL Diversified Cash Flows from Various Segments One of the Most Trusted Developers by Land Owners and Customers Strong Associations with Various Banks & FIs Excellence Across Sector- Residential, Commercial, Retail & Hospitality Iconic developments -Forum Mall, Prestige Shantiniketan, UB City, Prestige Golfshire etc Spearheaded by Real Estate Icon, Mr. Irfan Razack & his brothers Mr. Rezwan and Mr.Noaman Razack Strong Joint Venture partners - CapitaLand, etc 3

4 PRESTIGE GROUP Investor Presentation December B U S I N E S S S E G M E N T S RESIDENTIAL Apartments Villas Integrated Townships Plotted Developments COMMERCIAL Office Space Built to suit Campuses SEZs IT Parks RETAIL Malls Logistics HOSPITALITY Resorts Serviced Apartments Hotels Food Courts SERVICES Sub leasing & fit out services Interior Design & Execution Facilities & Property Mgmt Project & Construction Mgmt Services

5 S C A L E O F O P E R A T I O N 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 m n s f t Areas are in Million Sqft PARTICULARS Residential Commercial Retail Hospitality Plotted Development Total Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Nos. Area Completed Projects Ongoing Projects Upcoming Projects Land Bank* TOTAL *Estimated PRESTIGE GROUP Investor Presentation December

6 S H A R E H O L D I N G P A T T E R N As on 31 st December % 25% 4% 1% Promoters FIIs Mutual Funds Retail PRESTIGE GROUP Investor Presentation December

7 B O A R D O F D I R E C T O R S Irfan Razack Chairman & Managing Director Rezwan Razack Joint Managing Director Noaman Razack Wholetime Director Uzma Irfan Director Jagdeesh K. Reddy Independent Director B.G. Koshy Independent Director Noor Ahmed Jaffer Independent Director Dr. Pangal Ranganath Nayak Independent Director PRESTIGE GROUP Investor Presentation December

8 PRESTIGE GROUP Investor Presentation December E X E C U T I V E M A N A G E M E N T Faiz Rezwan Executive Director- Contracts & Projects Zackria Hashim Executive Director- Land Acquisition Zaid Sadiq Executive Director- Liasion & Hospitality Anjum Jung Executive Director- Interior Design Zayd Noaman Executive Director- CMD s OFFICE Nayeem Noor Executive Director- Government Relations Omer Bin Jung Executive Director- Hospitality V. Gopal Executive Director- Projects & Planning

9 PRESTIGE GROUP Investor Presentation December E X E C U T I V E M A N A G E M E N T Arvind Pai Executive Director- Legal Suresh Singaravelu Executive Director- Retail, Hospitality & Business Expansion Swaroop Anish Executive Director- Business Development Venkat K Narayan Executive Director- Finance & CFO Lt. Col. Milan Khurana (Retd.) Executive Director HR, IT & Admin

10 10 INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. AWARDS & RECOGNITIONS 7. PROJECT STATUS 8. GUIDANCE VS ACHIEVED

11 PRESTIGE GROUP Investor Presentation December 2016 TOTAL PRESTIGE SHARE 11 O P E R A T I O N A L H I G H L I G H T S Value in Million Volume in Mnsqft Particulars Q3FY17 Q3FY16 Q2FY17 9MFY17 9MFY16 New Sales value 4,293 5,884 7,569 18,231 19,087 New Sales Volume Avg Realization/Sft 6,297 5,889 6,246 6,256 6,199 Collections 9,678 9,347 8,220 29,688 29,133 Leasing Volume Area Delivered Area Launched New Sales value 3,465 5,123 5,988 14,550 16,440 New Sales Volume Collections 8,159 7,976 6,880 25,073 24,176 Leasing Volume Rental Income 1,354 1,215 1,379 4,045 3,207

12 PRESTIGE GROUP Investor Presentation December B U S I N E S S P E R F O R M A N C E Q 3 C O M P L E T I O N S Sl.No Project Completed Location Segment Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) 1 Prestige Mayberry 1 Bangalore Residential % Prestige Mayberry 2 Bangalore Residential % Prestige Summerfields Bangalore Residential % 0.16 TOTAL

13 PRESTIGE GROUP Investor Presentation December 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 Q3FY17 Q3FY16 Q2FY17 9MFY17 9MFY16 Particulars Area Units Value Area Units Value Area Units Value Area Units Value Area Units Value Residential Mid Income Segment , , , , ,415 12,938 Premium Segment , , ,875 TOTAL , , , , ,531 15,813 Commercial , GRANDTOTAL , , , , ,531 16,439 Realisation per sft 6,269 5,672 6,173 6,211 6,041 NOTE Substantial portion of 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 and Taxes. (These exclusions approximately aggregate to around 15% of the sales value).

14 INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. AWARDS & RECOGNITIONS 7. PROJECT STATUS 8. GUIDANCE VS ACHIEVED PRESTIGE GROUP Investor Presentation December

15 PRESTIGE GROUP Investor Presentation December F I N A N C I A L H I G H L I G H T S Q 3 F Y 1 7 S T A N D A L O N E Values are in Million Particulars Q3FY17 Q3FY16 Q2FY17 Turnover (Rs. Mn) 5,702 7,266 5,120 EBIDTA (Rs. Mn) 1,139 1,977 1,329 EBIDTA % 20% 27% 26% PAT (Rs. Mn) 692 1, PAT % 12% 15% 14%

16 PRESTIGE GROUP Investor Presentation December Values are in Million S T A N D A L O N E B A L A N C E S H E E T A S A T 31 st D e c Particulars 31-Dec Sep-16 A. ASSETS (1) Non-current assets (a) Property, plant and equipment 1,549 1,442 (b) Capital work-in-progress 6,362 4,548 (c) Investment properties 4,639 4,678 (e) Other intangible assets (g) Financial assets 36,345 35,978 (h) Deferred tax assets (net) - - (i) Income tax assets (net) 1,285 1,158 (j) Other non-current assets 1,877 1,775 52,105 49,621 (2) Current assets (a) Inventories 45,231 45,156 (b) Financial assets 22,277 23,128 (c) Other current assets 3,611 3,718 71,119 72,002 Total 1,23,224 1,21,623

17 PRESTIGE GROUP Investor Presentation December Values are in Million S T A N D A L O N E B A L A N C E S H E E T A S A T 3 1 st D e c Particulars 31-Dec Sep-16 B. EQUITY AND LIABILITIES (1) Equity (a) Equity share capital 3,750 3,750 (b) Other Equity 41,938 41,139 45,688 44,889 (2) Non-current liabilities (a) Financial Liabilities 11,386 10,420 (b) Provisions (c) Deferred tax liabilities (Net) ,610 55,779 (3) Current liabilities (a) Financial Liabilities 37,735 38,124 (b) Provisions (c) Other current liabilities 27,500 27,151 65,926 65,844 Total 1,23,224 1,21,623

18 PRESTIGE GROUP Investor Presentation December S T A N D A L O N E P&L A C C O U N T A S O N 3 1 st Values are in Million D e c Quarter ended Nine months ended Particulars 31-Dec Sep Dec Dec Dec-15 (I) Revenue from Operations 5,481 4,896 6,868 (II) Other Income (III) Total Revenue - (I+II) 5,702 5,120 7,266 16,174 23, ,122 16,914 24,679 (IV) Expenses Purchases of Stock of units Cost of sales on projects 3,230 2,593 3,956 Property and Facilities operating expenses Employee benefits expense Finance costs Depreciation and amortization expense Other expenses Total Expenses 5,085 4,356 5,941 (V) Profit before tax (III-IV) ,325 (VI) Tax expense (VII) Profit (Loss) for the period ,112 (VIII) Other Comprehensive loss/(income) (IX) Total Comprehensive Income (VII-VIII) , ,766 14,942 1,814 1,711 1,191 1,025 1,313 1, ,311 20,681 2,603 3, ,773 3, ,767 3,526

19 F I N A N C I A L S K E Y R A T I O S S T A N D A L O N E Values are in Million Quarter ended 31-Dec Sep Dec-15 Sl. No. Particulars (Unaudited) Ratio/% (Unaudited) Ratio/% (Unaudited) Ratio/% 1 Sale of Projects & Property Income 5,481 4,896 6,868 2 Other Income Total Income 5,702 5,120 7,266 4 Cost of project sold and property expenses 3,845 3,183 4,608 5 Gross Margin 1,636 30% 1,713 35% 2,260 33% 6 Admin, Employee and Selling cost EBIDTA 1,139 20% 1,329 26% 1,977 27% 8 Financial Expenses Depreciation Total Expenses 5,085 4,356 5, PBT % % 1,325 18% 12 Tax (76) PAT % % 1,112 15% 14 Other Comprehensive loss/(income) 1 4 (2) PRESTIGE GROUP Investor Presentation December

20 PRESTIGE GROUP Investor Presentation December F I N A N C I A L S K E Y R A T I O S S T A N D A L O N E Values are in Million Quarter ended Sl. No. Particulars 31-Dec Sep Dec-15 (Unaudited) Ratio/% (Unaudited) Ratio/% (Unaudited) Ratio/% 13 Total Comprehensive Income % % 1,114 15% 14 EPS (Annualized) (In Rs) Market Price per share PE Ratio Market Cap 63,750 71,850 72, Price to Book Value

21 PRESTIGE GROUP Investor Presentation December F I N A N C I A L H I G H L I G H T S Q 3 F Y 1 7 C O N S O L I D A T E D Particulars Q3FY17 Q3FY16 Q2FY17 Values are in Million Turnover (Rs. Mn) 12,536 12,524 11,735 EBIDTA (Rs. Mn) 2,582 4,382 2,607 EBIDTA % 21% 35% 22% PAT (Rs. Mn) 980 2, PAT % 8% 23% 7% Average Cost of Debt 10.48% 11.50% 10.73%

22 PRESTIGE GROUP Investor Presentation December Values are in Million C O N S O L I D A T E D B A L A N C E S H E E T A S A T 3 1 st D e c As at As at Particulars 31-Dec Sep-16 A. ASSETS (1) Non-current assets (a) Property, plant and equipment 13,580 6,153 (b) Capital work-in-progress 14,191 11,635 (c) Investment properties 20,290 27,861 (d) Goodwill (arising on consolidation) 3,209 3,186 (e) Other intangible assets (f) Financial assets 13,140 13,241 (g) Deferred tax assets (net) (h) Current tax assets (net) 2,491 2,354 (i) Other non-current assets 2,716 2,572 70,350 67,687 (2) Current assets (a) Inventories 69,333 71,064 (b) Financial assets 21,591 23,180 (c) Other current assets 7,326 7,490 98,250 1,01,734 Total 1,68,600 1,69,421

23 PRESTIGE GROUP Investor Presentation December As at As at Particulars 31-Dec Sep-16 B. EQUITY AND LIABILITIES (1) Equity (a) Equity share capital 3,750 3,750 (b) Other Equity 39,445 38,334 (c) Non controlling interest 3,033 3,086 46,228 45,170 (2) Non-current liabilities (a) Financial Liabilities 36,172 35,076 (b) Long-term provisions (c) Deferred tax liabilities (Net) 2,255 2,369 38,533 37,534 (3) Current liabilities (a) Financial Liabilities 36,631 37,203 (b) Short-term provisions 1, (c) Current tax liabilities 500 1,334 (d) Other current liabilities 45,561 47,317 83,839 86,717 Total 1,68,600 1,69,421 Values are in Million C O N S O L I D A T E D B A L A N C E S H E E T A S A T 3 1 st D e c

24 PRESTIGE GROUP Investor Presentation December C O N S O L I D A T E D P&L a s o n 31 st D e c Values are in Million Quarter ended Nine ended Particulars 31-Dec Sep Dec Dec Dec-15 (I) Revenue from Operations (II) Other Income (III) Total Revenue - (I+II) (IV) Expenses Cost of sales on projects Property and Facilities operating expenses Employee benefits expense Finance costs Depreciation and amortization expense Other expenses Total Expenses (V) Profit before tax (III-IV) (VI) Tax expense VII. Profit (Loss) for the year 12,341 11,518 10, ,108 12,536 11,735 12,524 7,476 6,600 5,535 1,150 1,367 1, ,123 10,371 9,254 1,413 1,364 3, ,854 33,307 41, ,630 33,984 44,266 19,325 26,270 3,790 3,592 2,176 1,820 2,290 2,483 1, ,533 1,322 30,361 36,390 3,623 7,876 1,061 2,082 2,562 5,794

25 PRESTIGE GROUP Investor Presentation December C O N S O L I D A T E D P&L a s o n 31 st D e c Values are in Million Quarter ended Nine ended Particulars 31-Dec Sep Dec Dec Dec-15 Share of profit / (loss) from associates (Net) (VIII) Profit after tax (before adjustment for Minority interest) (IX = VII - VIII) 1, ,910 2,658 5,814 Share in (profit) / loss to Minority interest (X) (355) (267) (122) (851) (334) Profit after tax and Minority interest (VIII - X) ,788 1,807 5,480 Other Comprehensive Income (5) (7) 4 (20) - Profit after Other Comprehensive Income ,792 1,787 5,480

26 PRESTIGE GROUP Investor Presentation December FINANCIALS CONSOLIDATED KEY RATIOS Values are in Million Quarter ended Sl. No. Particulars 31-Dec Sep Dec-15 (Unaudited) Ratio/% (Unaudited) Ratio/% (Unaudited) Ratio/% 1 Sale of Projects & Property Income 12,341 11,518 10,416 2 Other Income ,108 3 Total Income 12,536 11,735 12,524 4 Cost of project sold and property expenses 8,626 7,967 7,020 5 Gross Margin 3,715 30% 3,551 31% 3,396 33% 6 Admin, Employee and Selling cost 1,328 1,161 1,122 7 EBIDTA 2,582 21% 2,607 22% 4,382 35% 8 Financial Expenses Depreciation Total Expenses 11,123 10,371 9, PBT 1,413 11% 1,364 12% 3,270 26% 12 Tax PAT % % 2,854 23%

27 PRESTIGE GROUP Investor Presentation December FINANCIALS CONSOLIDATED KEY RATIOS Values are in Million Quarter ended Sl. No. Particulars 31-Dec Sep Dec-15 (Unaudited) Ratio/% (Unaudited) Ratio/% (Unaudited) Ratio/% 14 Share of profit / (loss) from associates Minority (355) (267) (122) 16 Other Comprehensive Income (5) (7) 4 16 Profit after tax , EPS (Annualized) (In Rs) Market Price per share PE Ratio Market Cap 63,750 71,850 72, Price to Book Value

28 PRESTIGE GROUP Investor Presentation December Values are in Million UNRECOGNIZED REVENUE F R O M P R O J E C T S U N D E R C O N S T R U C T I O N Sl.No Projects Residential Projects Total sales value of unit sold as at 31-Dec-2016 Cumulative turnover declared upto 31-Dec-2016 Balance turnover to be declared on POC 1 Prestige Bellavista 14,048 13, Prestige Tranquility 9,681 9, Prestige White Meadows-1&2 7,014 6, Prestige Kingfisher Towers 8,289 6,799 1,490 5 Prestige Golf Shire 5,880 4,507 1,373 6 Prestige Royal wood 2,038 1, Prestige Edwardian Prestige Ferns Residency 8,751 7,317 1,434 9 Prestige Mayberry 2,769 2, Prestige Westwoods 4,885 3,416 1, Prestige Ivy Terraces 1,832 1, Prestige Downtown 1,095 1, Prestige Augusta Golf Village 7,355 4,762 2, Prestige Misty Waters 4,671 4, Prestige Silver Spring 2,757 2, Prestige Summer Fields 1,658 1,658 - Expected timeline to reach 25% trigger

29 PRESTIGE GROUP Investor Presentation December UNRECOGNIZED REVENUE F R O M P R O J E C T S U N D E R C O N S T R U C T I O N Sl.No Projects Total sales value of unit sold as at 31-Dec-2016 Cumulative turnover declared upto 31-Dec-2016 Balance turnover to be declared on POC 17 Prestige Jade Pavilion 2,729 2, Prestige Sunrise Park - Phase I & Phase II 10,409 7,220 3, Prestige Lakeside Habitat Phase I & II 21,691 11,752 9, Prestige Royale Garden-Phase I & Phase II 4,620 2,245 2, Prestige Brooklyn Heights 1, Prestige Bagmane Temple Bells 5,130 2,898 2, Prestige Spencer Heights Prestige Hermitage Prestige Hillside Retreat Prestige Falcon Towers Prestige Trade Tower 1, Prestige Saleh Ahmed TMS Square - Cochin Prestige Mysore Central Prestige Falcon City- Phase I & II 18,289 5,946 12, Prestige Falcon City Buy Back 1, , Prestige Falcon City Buy Back Values are in Million Expected timeline to reach 25% trigger 34 Prestige Gulmohar 2,395-2,395 FY 17

30 Values are in Million UNRECOGNIZED REVENUE F R O M P R O J E C T S U N D E R C O N S T R U C T I O N Sl.No Projects Total sales value of unit sold as at 31-Dec-2016 Cumulative turnover declared upto 31-Dec-2016 Balance turnover Expected timeline to be declared on to reach 25% trigger POC 35 Prestige Pine Wood 1,705-1,705 FY Prestige Ivy League 2,149-2,149 FY Prestige Leela Residences 3,084-3,084 FY Prestige déjà vu FY Prestige Kenilworth 1,298-1,298 FY Presige Woodside FY Prestige Woodland Park 1,612-1,612 FY Prestige High Fields_Phase I 3,790-3,790 FY Prestige Bougainvillea - II FY Prestige MSR FY Prestige Technostar 3,575-3,575 FY Prestige Lake Ridge 1,706-1,706 FY Prestige Northpoint 1,458-1,458 FY Prestige Song of South 5,248-5,248 FY Hillside Gateway 2,281-2,281 FY Prestige Kew Gardens 4,943-4,943 FY Prestige Fairfield 1,840-1,840 FY Prestige Boulevard FY Prestige Valley Crest FY 18 GRAND TOTAL 1,94,083 1,07,511 86,572 Includes sales value attributable to land lord s area/revenue, accounted as per Ind-AS PRESTIGE GROUP Investor Presentation December

31 PRESTIGE GROUP Investor Presentation December P R O J E C T D E B T O R S S U M M A R Y Values are in Million Name of the Project Opening Balance as Closing Balance as New Sales Adjustment Amount Realised at 01-Oct-2016 at 31-Dec-2016 Prestige Oasis Prestige Shantiniketan Prestige Neptunes Court Yard Prestige Tech Park Phase - III Prestige Technopolis Prestige Khoday Tower Prestige Silver Oak Prestige Philadelphia Prestige Plaza Prestige Star Prestige West Holmes 24 - (2) 12 9 Prestige Trinity Centre Prestige SilverCrest Prestige Summerfields Prestige Parkview Prestige Sunny Side Prestige Garden Bay Prestige Glen wood Prestige Silver Sun Prestige Techvista Prestige Casabella 90 0 (102) Prestige Mayberry (43) Others Sub Total - A 1, ,849 Note: In addition to the above, there are Land Owner dues to the extent of Rs. 878 mn.

32 PRESTIGE GROUP Investor Presentation December P R O J E C T D E B T O R S S U M M A R Y Name of the Project Opening Balance as at 01-Oct-2016 Incremental POC Turnover POC Adjustment Amount Realised Values are in Million Closing Balance as at 31-Dec Ongoing Projects Prestige Edwardian 94 (17) (5) - 82 Prestige Golfshire Prestige White Meadows 1, Prestige Kingfisher Towers 1, ,360 Prestige Tranquility (114) Prestige Bellavista Prestige Royal Wood 100 (1) (10) Prestige Ferns Residency Prestige Ivy Terraces (62) Prestige Westwoods Prestige Downtown Prestige Augusta Golf Village (132) Prestige Misty Waters Prestige Silversprings Prestige Sunrise Park (57) Prestige Lakeside Habitat (346) 1, Prestige Brookyln Heights Prestige Royale Gardens (8) Prestige Jade Pavilion Prestige Bagamane Temple Bells Prestige Falcon City 254 3,971 2,590 1, Prestige Hermitage Prestige Hillside Retreat

33 PRESTIGE GROUP Investor Presentation December P R O J E C T D E B T O R S S U M M A R Y Name of the Project Opening Balance as at 01-Oct-2016 Incremental POC Turnover Adjustment Amount Realised Values are in Million Closing Balance as at 31-Dec-2016 Prestige Falcon Towers Prestige Trade Tower Prestige Saleh Ahmed TMS Square - Cochin Prestige Mysore Central Sub Total - B 5,074 8,833 3,702 5,756 4,448 Name of the Project Other Ongoing Projects Opening Balance as at 01-Oct-2016 Incremental POC Turnover POC Adjustment Amount Realised Closing Balance as at 31-Dec Prestige Spencer Heights Prestige Kenil Worth Prestige High Fields Prestige Ivy League Prestige Leela Residences Prestige déjà vu Prestige Woodland Park Prestige Pine Wood Prestige North Point

34 PRESTIGE GROUP Investor Presentation December P R O J E C T D E B T O R S S U M M A R Y Values are in Million Name of the Project Opening Balance as at 01-Oct-2016 Incremental POC Turnover Adjustment Amount Realised Closing Balance as at 31-Dec-2016 Prestige Wood Side Prestige Gulmohar Prestige Song of the south Prestige Hillside Gateway Prestige Boulevard Prestige Kew Gardens Prestige Fair Field Prestige Techno Star Prestige Lake Ridge Prestige Valley Crest Sub Total - C ,882 - Total (A+B+C) 6,648 9,319 3,702 8,159 6,296

35 PRESTIGE GROUP Investor Presentation December D E B T P R O F I L E A S O N 3 1 st D e c Values are in Million Particulars Standalone % Consolidated Loan * % Debt as on Secured Loan 30, % 55, % a. Project Debt - Resi & Comm 13, % 14, % b. Capex Loans Office Space 1, % 3, % - Retail - 0.0% % - Hospitality 2, % 5, % c. Rental Securitisation Loans 3, % 21, % d. Receivables discounting loans 9, % 9, % Gross Debt 30, % 55, % Less: Cash & Bank Balances 1, ,949.0 Net Debt 29, ,363.0 Networth 45, ,227.3 Debt Equity Ratio

36 ANNUALIZED PROJECTED EXIT RENTALS FOR AREA LEASED Sl. No Project Name Segment Total Leasable Area (Mnsqft) Economic Interest (Mnsqft) Area Leased Prestige Share (Mnsqft) Rent Per Sft (Rs) Rent P.A (Annualised) (Rs Mn) 1 Prestige Estates Projects Limited Commercial West Palm Developers Pvt Ltd Commercial Prestige Valley View Estates Pvt Ltd Commercial Exora Business Park - Phase I-III Commercial ,489 5 ICBI India Pvt Ltd Commercial Cessna (B1 to B8) Commercial ,271 7 Prestige Polygon Commercial Forum Vijaya- Commercial Commercial Forum Mall Retail UB City Retail Retail Forum Value Mall Retail Forum Vijaya- Retail Retail Forum Mall Sujana Hyderabad Retail Forum Mall Mangalore Retail SKN Commercial Commercial Total annualised rental ,589 PRESTIGE GROUP Investor Presentation December

37 PRESTIGE GROUP Investor Presentation December ANNUALIZED PROJECTED EXIT RENTALS FOR AREA LEASED Sl. No Project Name Segment Total Leasable Area (Mnsqft) Economic Interest (Mnsqft) Area Leased Prestige Share (Mnsqft) Rent Per Sft (Rs) Rent P.A (Annualised) (Rs Mn) Rental Income by 31st March Prestige Polygon Commercial Prestige Mysore Central Retail Prestige Trade Tower Commercial Incremental rentals in FY Total annualised rentals by March ,906

38 INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. AWARDS & RECOGNITIONS 7. PROJECT STATUS 8. GUIDANCE VS ACHIEVED PRESTIGE GROUP Investor Presentation December

39 SEGMENT PRESTIGE GROUP Investor Presentation December 2016 GEOGRAPHY 39 P R O D U C T M I X O N G O I N G P R O J E C T S Hospitality Retail 3% 5% Commercial 8% Chennai 1% Mangaluru Mysuru 1% 1% Hyderabad 5% Cochin 6% Residential Commercial Retail Hospitality Bengaluru Chennai Cochin Hyderabad Mysuru Mangaluru Residential 84% Bengaluru 86% Segment No. of Projects Developable Area (Mnsf) Residential Commercial Retail Hospitality Total City No. of Projects Developable Area (Mnsf) Bengaluru Chennai Cochin Hyderabad Mysuru Mangaluru Total

40 SEGMENT PRESTIGE GROUP Investor Presentation December 2016 GEOGRAPHY 40 P R O D U C T M I X U P C O M I N G P R O J E C T S Commercial, 32% Retail, 4% Residential Commercial Retail Mangaluru 2% Cochin 4% Chennai 10% Hyderabad 9% Pune 3% Ahmedabad 1% Bengaluru Chennai Cochin Mangaluru Hyderabad Ooty Residential, 64% Bengaluru 71% Pune Ahmedabad Segment No. of Projects Developable Area (Mnsf) Residential Commercial Retail Total City No. of Projects Developable Area (Mnsf) Bengaluru Chennai Cochin Mangaluru Hyderabad Ooty Pune Ahmedabad Total

41 O N G O I N G P R O J E C T S R E S I D E N T I A L Sl.No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) No of Units Prestige Share of Units 1 Prestige Golfshire- Villas Bengaluru % Prestige White Meadows -T3/T4 Bengaluru % Prestige Royal Woods Hyderabad % Prestige Edwardian Bengaluru % Prestige Garden Bay Bengaluru % Prestige Hermitage Bengaluru % Kingfisher Towers Bengaluru % Prestige Hillside Retreat Bengaluru % Prestige Ferns Residency Bengaluru % , Prestige Misty Waters Bengaluru % Prestige Brooklyn Heights Bengaluru % Prestige Spencer Heights Bengaluru % Prestige Royale Garden - Phase I & II Bengaluru % ,696 1, Prestige Sunrise Park - Phase I Bengaluru % ,046 1, Prestige West Woods Bengaluru % Prestige Augusta Golf Village Bengaluru % Prestige Jade Pavilion Bengaluru % Prestige Sunrise Park - Phase II Bengaluru % Prestige Silver Spring Chennai % PRESTIGE GROUP Investor Presentation December

42 O N G O I N G P R O J E C T S R E S I D E N T I A L Sl.No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) No of Units Prestige Share of Units 20 Prestige Thomson Cochin % Prestige Ivy Terraces Bengaluru % Prestige Lakeside Habitat- Phase I & II Bengaluru % ,488 1, Prestige Falcon City Phase I Bengaluru % , Prestige Bagmane Temple Bells Bengaluru % Prestige Gulmohar Bengaluru % Prestige Leela Residences Bengaluru % Prestige Ivy League Hyderabad % Prestige High Fields_Phase I Hyderabad % Prestige North Point Bengaluru % Prestige Pine Wood Bengaluru % Prestige Woodland Park Bengaluru % Prestige Woodside Bengaluru % Prestige MSR Bengaluru % Prestige Bougainvillea Platinum Bengaluru % Prestige Falcon City Phase II Bengaluru % Prestige Déjà vu Bengaluru % Prestige Kenilworth Bengaluru % Prestige Song of the South Bengaluru % , PRESTIGE GROUP Investor Presentation December

43 PRESTIGE GROUP Investor Presentation December O N G O I N G P R O J E C T S R E S I D E N T I A L Sl.No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) No of Units Prestige Share of Units 39 Prestige Hillside Gateway Cochin % Prestige Kew Gardens Bengaluru % Prestige Fairfield (Dollars Colony) Bengaluru % Prestige Boulevard Bengaluru % Prestige Misty Waters (Phase 2) Bengaluru % Prestige Lake ridge Bengaluru % Prestige Valley Crest (Bejai Property) Mangaluru % Total - A ,339 13,757

44 Office Retail PRESTIGE GROUP Investor Presentation December O N G O I N G P R O J E C T S Sl. No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) 1 Prestige Trade Towers Bengaluru % Cessna Business Park B9-B11 Bengaluru % Prestige TMS Square Cochin % Prestige Falcon Towers Bengaluru % Prestige Saleh Ahmed Bengaluru % Prestige Technostar Bengaluru % 1.28 Total - B Sl. No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) 1 Forum Shantiniketan Bengaluru % Forum Mysuru Mysuru % Prestige Mysuru Central Mysuru % Prestige TMS Square Cochin % Forum Thomsun Cochin % Prestige Cube Bengaluru % 0.09 Total - C

45 Hospitality PRESTIGE GROUP Investor Presentation December O N G O I N G P R O J E C T S Sl. No Project City Conrad (Hilton) Sheraton Hotel & Convention Center Marriott Hotel & Convention Centre Developable Prestige Economic Interest Area (Mnsf) Share (Mnsf) No. of Keys Bengaluru % Bengaluru % Bengaluru % Total - D GRAND TOTAL

46 PRESTIGE GROUP Investor Presentation December U P C O M I N G P R O J E C T S R E S I D E N T I A L Sl.No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) 1 Prestige Greenmoor Bengaluru % Prestige Hillcrest Ooty % Prestige Lakeside Habitat Phase III Bengaluru % Prestige Primerose Hills Bengaluru % Prestige Park Square Bengaluru % Roshanara Property Bengaluru % Mangaluru Villas Mangaluru % Prestige Avalon Bengaluru % Prestige Fontaine Bleau Bengaluru % Prestige Dolce Vita Bengaluru % Prestige Courtyards Chennai % Prestige Lake ridge Bengaluru % Prestige Cosmopoliton Chennai % Prestige Jindal Property Bengaluru % Prestige Verdant Vistas Mangaluru % Prestige High Fields Phase II Hyderabad % 2.91

47 PRESTIGE GROUP Investor Presentation December U P C O M I N G P R O J E C T S R E S I D E N T I A L Sl.No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) 17 Song of south Ph II Bengaluru % Prestige Botanique Bengaluru % Prestige Palm Residences Mangaluru % Prestige Green Gables Bengaluru % Prestige Elysian, Bannerghatta Road Bengaluru % Prestige Falcon City- Phase II Bengaluru % Prestige Pelican Drive, Chennai (Pallavaram) Chennai % 1.12 Total - A

48 Office Retail PRESTIGE GROUP Investor Presentation December U P C O M I N G P R O J E C T S C O M M E R C I A L Sl. No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) 1 Prestige Tech Cloud Bengaluru % Prestige Tech Park IV Bengaluru % Prestige Tech Pacifica Park (ORR) Bengaluru % Prestige Central Street Bengaluru % Mount road Chennai Chennai % Prestige Strar Tech Bengaluru % Kharadi, Pune Property Pune % Gift City (Ahmedabad) Ahmedabad % Cyber Green (Kochi Smart City) Cochin % Prestige Logistics Centre, Malur Bengaluru % Prestige Retreat Bengaluru % 1.48 Total - B Sl. No Project City Developable Area (Mnsf) Economic Interest Prestige Share (Mnsf) 1 Prestige Hillside Gateway (Kakanad) Cochin % Falcon City Forum Mall Bengaluru % 0.45 Total - C GRAND TOTAL - A+B+C

49 PRESTIGE GROUP Investor Presentation December L A N D B A N K Sl. No Entity Name Location Land Area (Acres) Economic Interest PEPL Share (Acres) 1 Prestige Bidadi Holdings Pvt Ltd Bidadi % Prestige Projects Pvt Ltd Sarjapur/Bengaluru % 59 3 Prestige Estates Projects Ltd Bengaluru 2 100% 2 4 Village D Nandi Pvt Ltd Bengaluru % 23 5 Eden Investments Goa 74 78% 57 Total Potential Developable area of 42 mn sft (Prestige Share 28 Mn sqft)

50 INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. AWARDS & RECOGNITIONS 7. PROJECT STATUS 8. GUIDANCE VS ACHIEVED PRESTIGE GROUP Investor Presentation December

51 PRESTIGE GROUP Investor Presentation December RECEIVABLES PROFILE ONGOING PROJECTS As on 31 st Dec 2016 Areas are in Million Sqft Values are in Million REVENUE GENERATING PROJECTS Sales Developable Area Car Park Area Saleable Area Cost 1,52,276 Partner Share Value NA Area Prestige Share Value 2,38,393 Area Already Incurred 93,159 Balance to be spent 59,118 Sales achieved (72%) Value 1,61,648 Area Stock (28%) Value 76,745 = A Area Recovery from Land Owner (in JD) 1,255 Refundable Deposit 6,119 Balance to be incurred Prestige Share 51,743= C Amount Received 1,11,513 Balance to be received 50,135= B Net Cash Flows of Ongoing Projects (A+B-C)= 75,137

52 PRESTIGE GROUP Investor Presentation December S T O C K B R E A K U P As on 31 st Dec 2016 Areas are in Million Sqft Values are in Million Category Area Value Premium & Luxury Projects ,917 Mid Income Projects ,214 Commercial Projects ,037 Completed Projects ,577 Total ,745

53 RECEIVABLES PROFILE UPCOMING PROJECTS As on 31 st Dec 2016 Areas are in Million Sqft Values are in Million UPCOMING REVENUE GENERATING PROJECTS Sales* Developable Area Car Park Area 8.54 Saleable Area Cost* 63,714 Partner Share Value NA Area 7.14 Prestige Share Value 89,644 Area Surplus^ 28,012 PRESTIGE GROUP Investor Presentation December 2016 *Estimated, ^Includes RD 53

54 R E N T A L I N C O M E As on 31 st Dec 2016 Areas are in Million Sqft Values are in Million OFFICE SPACE OPERATING UNDER CONSTRUCTION UPCOMING TOTAL Leasable Area 8.15 Leasable Area 2.51 Leasable Area Prestige Share Leasable Area 7.49 Prestige Share Leasable Area 1.74 Prestige Share Leasable Area Gross Rental Income p.a 4,665 Gross Rental Income p.a 2,323* Gross Rental Income p.a 7,622* 14,610 Prestige Share- Income p.a 4,331 Prestige Share- Income p.a 1,557* Prestige Share Income p.a 5,668* 11,537 PRESTIGE GROUP Investor Presentation December 2016 *Estimated 54

55 R E N T A L I N C O M E As on 31 st Dec 2016 Areas are in Million Sqft Values are in Million RETAIL OPERATING UNDER CONSTRUCTION UPCOMING TOTAL Leasable Area 2.86 Leasable Area 1.93 Leasable Area Prestige Share Leasable Area 1.22 Prestige Share Leasable Area 0.90 Prestige Share Leasable Area Gross Rental Income p.a 2,794 Gross Rental Income p.a 1,745* Gross Rental Income p.a 1,718* 6,256 Prestige Share Income p.a 1,304 Prestige Share Income p.a 753* Prestige Share Income p.a 734* 2,790 PRESTIGE GROUP Investor Presentation December 2016 *Estimated 55

56 PRESTIGE GROUP Investor Presentation December H O S P I T A L I T Y I N C O M E As on 31 st Dec 2016 Values are in Million HOSPITALITY OPERATING UNDER CONSTRUCTION TOTAL Total Keys 617 Total Keys 942 1,559 Prestige Share Keys 405 Prestige Share Keys 942 1,347 Gross Operating Income p.a 1,283 Prestige Share Income p.a 868 Gross Operating Income p.a 2,134* Prestige Share Income p.a 2,134* 3,417 3,002 *Estimated

57 INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. AWARDS & RECOGNITIONS 7. PROJECT STATUS 8. GUIDANCE VS ACHIEVED PRESTIGE GROUP Investor Presentation December

58 PRESTIGE GROUP Investor Presentation December Q 3 F Y 1 7 A W A R D S & R E C O G N I T I O N BEST CEO (REAL ESTATE & CONSTRUCTION), Mr. Irfan Razack -Business Today

59 PRESTIGE GROUP Investor Presentation December Q 3 F Y 1 7 A W A R D S & R E C O G N I T I O N OUTSTANDING HIGH RISE APARTMENT PROJECT OF KERALA Prestige Neptunes Courtyard SPECIAL JURY AWARD FOR SUPER LUXURY APARTMENT PROJECT OF KERALA - Prestige Neptunes Courtyard

60 INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. AWARDS & RECOGNITIONS 7. PROJECT STATUS 8. GUIDANCE VS ACHIEVED PRESTIGE GROUP Investor Presentation December

61 PRESTIGE GROUP Investor Presentation December P R O J E C T S N A P S H O T S R E S I D E N T I A L P R O J E C T S PRESTIGE FERNSRESIDENCY KINGFISHER TOWERS PRESTIGE TEMPLE BELLS PRESTIGE EDWARDIAN PRESTIGE WEST WOODS PRESTIGE ROYALE GARDENS

62 PRESTIGE GROUP Investor Presentation December P R O J E C T S N A P S H O T S R E S I D E N T I A L P R O J E C T S PRESTIGE MISTY WATERS PRESTIGE LAKESIDE HABITAT PRESTIGE SUNRISE PARK PRESTIGE BROOKLYN HEIGHTS PRESTIGE MAYBERRY PRESTIGE JADE PAVILION

63 PRESTIGE GROUP Investor Presentation December P R O J E C T S N A P S H O T S PRESTIGE FALCON CITY PRESTIGE FALCON TOWER PRESTIGE HERMITAGE CONRAD HOTEL SHERATON HOTEL JW MARRIOTT

64 INDEX. 1. ABOUT PRESTIGE 2. OPERATIONAL HIGHLIGHTS 3. FINANCIAL HIGHLIGHTS 4. PROJECT PORTFOLIO & UPDATE 5. RECEIVABLES PROFILE 6. AWARDS & RECOGNITIONS 7. PROJECT STATUS 8. GUIDANCE VS ACHIEVED PRESTIGE GROUP Investor Presentation December

65 PRESTIGE GROUP Investor Presentation December G U I D A N C E V S A C H I E V E D Value in Million Volume in Mnsqft Particulars Target for Full Year (FY17) Achieved as of 9MFY17 % Achieved New Sales Value 35,000-40,000 18,231 52% Turnover 40,000-45,000 33,984 85% Collections 40,000-45,000 29,688 74% Launch Volume % Completions % Leasing Volume % Exit Rental Income 6,000-6,250 5,589 Debt Equity Ratio Consolidated Standalone

66 PRESTIGE GROUP Investor Presentation December D I S C L A I M E R This presentation has been prepared by Prestige Estates Projects Limited ( Company ) solely for providing information about the Company. It contains certain forward looking statements concerning Prestige Estates Projects Ltd s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, economic growth in India, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, government policies and actions with respect to investments, fiscal deficits, regulation etc., interest and other fiscal cost generally prevailing in the economy. The company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time on behalf of the company.

67 T H A N K Y O U Venkata K. Narayana Executive Director, Finance & CFO Phone: investors@prestigeconstructions.com PRESTIGE GROUP Investor Presentation December 2016 Registered Office Prestige Estates Projects Limited The Falcon House, No. 1, Main Guard Cross Road, Bangalore Phone: , Fax: Website: 67