Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — FY2018 Earnings Presentation
70 slides from Phoenix Mills's earnings presentation, May 8, 2018
Slide 1: Cover letter to stock exchanges on investor presentation
H PHOENIX ee LIMITED Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd, Mahalaxmi, Mumbai - 400 011 Tel : (022) 3001 6600 Fax : (022) 3001 6601 CIN No. : L17100MH1905PLC000200 May 08, 2018 The Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy
Slide 2: Investor Presentation FY 2018 Results
Investor Presentation FY 2018 Results
Slide 3: Disclaimer
Disclaimer Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those s
Slide 4: Company Overview
Company Overview Key Highlights for FY18 Financial Results
Slide 5: Our Portfolio
Our Portfolio Developer and manager of prime retail-led assets in city centers, with a gross portfolio of 17.5 million sq. ft spread over 100+ acres of prime land in key gateway cities of India 8 Malls spread over 6 mn sq. ft in 6 major cities Residential Projects under Development with FY18: Consum
Slide 6: Our Portfolio
Our Portfolio MALL PORTFOLIO – Operational MALL PORTFOLIO – Under Development (5.90 MSF) (2.00 MSF) HSP & Palladium Mumbai 0.74 Phoenix MarketCity Phoenix MarketCity Chennai 1.00 Pune 1.0 Wakad Palladium Chennai 0.22 Phoenix MarketCity Pune 1.19 Phoenix MarketCity Bengaluru 1.0 Phoenix MarketCity Ba
Slide 7: Presence Across Key Gateway Cities in India
Presence Across Key Gateway Cities in India 6
Slide 8: Key Highlights for FY18
Company Overview Key Highlights for FY18 Financial Results
Slide 9: FY18 Key Highlights
FY18 Key Highlights Rationalization of Interest cost & improved Credit Rating Average interest cost on existing debt portfolio down to 8.94% in March 2018 from 10.2% in March 2017 Strong operational cash flows at assets reflects in improving credit ratings across portfolio: PMC Chennai (AA+), PM
Slide 10: FY18 Key Highlights
FY18 Key Highlights All Retail Assets taken up in 1st Phase are complete & operational Palladium Chennai commenced operations in February 2018 – it is currently operating at a trading occupancy of 49% and leased occupancy of 79% First instance of PML taking its flagship brand Palladium outside o
Slide 11: FY18 Key Highlights: CPPIB Transaction
FY18 Key Highlights CPPIB Transaction CPPIB and PML formed a strategic investment alliance in April 2017 to develop, own and operate retail-led mixed-use developments across India Island Star Mall Developers Pvt. Ltd. (ISMDPL) was designated to serve as the platform. Phoenix MarketCity Bangalo
Slide 12: Well Managed Debt Portfolio
Well Managed Debt Portfolio Cost of debt down over 126 bps in 12 months Effective cost of debt (%) has been trending down FY18 interest coverage ratio at approx. 2.2x for the group 13.0% 12.3% with retail assets comfortably ahead 12.5% 11.8% 11.0% 12.0% 11.5% HSP at interest coverage of 3.3x;
Slide 13: Rational Capital Deployment
Rational Capital Deployment Value Accretive Stake Acquisitions in FY18 mark the completion of minority buyouts Amount paid for stake purchase Subsidiary Stake Purchased (%) Previous Stake (%) Effective Current Stake (Rs. mn) Vamona 13.41% 1,135 86.59% 100% Offbeat 16.41% 911 83.59% 100% Alliance 38.
Slide 14: Consolidated Holdings across Subsidiaries
Consolidated Holdings across Subsidiaries PML’s shareholding in subsidiaries – Progressive Stake Acquisitions Subsidiary Development Name 2010 March 2018 Offbeat Developers Phoenix MarketCity, Mumbai 24% 100% Vamona Developers Phoenix MarketCity, Pune 59% 100% Classic Mall Phoenix MarketCity, Chenna
Slide 15: Growing Commercial Portfolio
Growing Commercial Portfolio Existing Commercial Portfolio Rent Generating Area (msf) Mature existing Phoenix House, High Street Phoenix 0.14 commercial portfolio Centrium, Phoenix Marketcity Kurla 0.10 of 1.16 msf Art Guild House, Phoenix Marketcity Kurla 0.55 compliments retail Phoenix Paragon Pla
Slide 16: Strategic Partnership with CPPIB an Enabler to Double Mall Portfolio
Strategic Partnership with CPPIB an Enabler to Double Mall Portfolio • PML and CPPIB formed a strategic investment alliance to Transaction details acquire, develop, and operate prime, retail-led developments across India Enterprise value (Island Star) Approx. Rs. 2,200 cr Pre-money Equity Value Appr
Slide 17: ISMDPL – Strategic Retail Alliance with CPPIB
ISMDPL – Strategic Retail Alliance with CPPIB ISMDPL PML: 51% CPPIB: 49% Operating Asset New Acquisitions PMC Wakad, Hebbal, Bangalore Pune Bengaluru • Land Size: 15 acres • Land Size: 13 acres • 1msf of Retail with balance • Acquisition Cost: Rs. 1,940 mn • Acquisition Cost : Rs. 6,930 mn developme
Slide 18: Land acquisition at Wakad, Pune – Aug 2017
Land acquisition at Wakad, Pune – Aug 2017 Deal Overview Location Dynamics i. Acquired approx. 15 acres of land parcel, located behind Hotel Sayaji Current mall in Viman Nagar serves the CBD of Kharadi and in Wakad Pune, for Rs. 182 cr in August 2017 surrounding residential areas of Kalyani Nagar,
Slide 19: Land acquisition at Wakad, Pune – Initial Renders
Land acquisition at Wakad, Pune – Initial Renders Wakad, Pune is a retail-led mixed use development with development potential of 1.8 msft including retail component of 1.0 msft 18
Slide 20: Land acquisition at Hebbal, Bangalore – April 2018
Land acquisition at Hebbal, Bangalore – April 2018 Deal Overview Location Dynamics i. Acquired approx. 13 acres of land parcel, located next to Current mall in Whitefield serves the eastern parts of L&T Raintree Boulevard residential project in Hebal, Bengaluru city Bangalore, for Rs. 693 cr in Ap
Slide 21: Hebbal Bangalore Land Overview
Hebbal Bangalore Land Overview • Land size : 13.1 acres • Land is part of a 65 acre township at Hebbal, COMMERCIAL Bengaluru • 1.81 msf of Development potential of which retail will be at least 1 msft RESIDENTIAL COMMERCIAL Com Bellary Highway merci (NH 7) al 1
Slide 22: Location Overview
Location Overview Primary Catchment – 0 to 15 mins travel time 1. Hebbal 2. Yelahanka 3. Vidyaranyapura 4. Nagwara Phoenix MarketCity, 5. Sahakarnagar Hebbal Secondary Catchment – 15 to 30 mins travel time 1. Rajajinagar Phoenix MarketCity, 2. Yeshwantpura Whitefield 3. Malleshwaram
Slide 23: Catchment Analysis - Office
Catchment Analysis - Office Sr. Name Size (sq. ft.) No. Salarpuria 1 2,96,268 Galleria Manyata 1 2 98,00,000 Tech Park Brigade 3 3,47,096 Opus Brigade 4 5,80,007 3 4 Magnum Kirloskar 5 2,54,000 Tech Park 2 ~ 11 msf of operational 5 commercial developments in vicinity - Subject Site
Slide 24: North Bangalore – Residential Market
North Bangalore – Residential Market (Completed & Upcoming) Sr. No. Projects Units Unit Area (Sq. ft) 7 1 Beary’s Lakeside Habitat Apartments 106 2,235 – 3,820 8 2 RMZ Latitude 122 3,895 – 6,500 3 Godrej Woodsman Estate 924 1,272 – 1,800 6 4 Brigade Caladium 60 2,435 – 3,204 5 Hoysala Ace 192 1,450
Slide 25: Financial Results
Company Overview Key Highlights for FY18 Financial Results
Slide 26: FY18 Key Financial Highlights
FY18 Key Financial Highlights Revenue of INR 16.2 bn EBITDA of INR 8.5bn PAT at INR 2.4 bn, FY13-18 CAGR of 28% FY13-18 CAGR of 25% up 44% yoy Consumption of over INR 63 bn Retail rental income of INR 8.6 bn Rental EBITDA at INR 7.8 bn, FY13-18 CAGR of 20% FY13-18 CAGR of 15% up 8% yoy Interest cove
Slide 27: Key Highlights
Key Highlights Consumption (Rs. bn) Rental Income (Rs. bn) FY13-18 FY13-18 63.2 CAGR – 20% 57.8 CAGR – 15% 8.4 54.0 7.7 49.0 7.1 6.5 40.3 5.7 4.2 25.7 FY13 FY14 FY15 FY16 FY17 FY18 FY13 FY14 FY15 FY16 FY17 FY18 FY13-18 Consolidated Revenue (Rs. bn)^ FY13-18 Consolidated EBITDA (Rs. bn)^ 17.8 18.2 CA
Slide 28: Financial Overview – Standalone P&L
Financial Overview – Standalone P&L (Rs. mn) Q4 FY18 Q4 FY17 FY18 FY17 Income from operations 1,044 919 3,972 3,759 EBITDA 644 603 2,522 2,538 EBITDA Margin (%) 62% 66% 63% 68% Profit Before Tax and exceptional item 407 445 1,901 1,975 Profit after tax & before comprehensive income 314 368 1,548 1,3
Slide 29: Financial Overview – Standalone Balance Sheet
Financial Overview – Standalone Balance Sheet (Rs. mn) As on 31st March 2018 (Rs. mn) As on 31st March 2018 Share Capital 306 Non Current Assets 32,457 Reserves & Surplus 25,378 Tangible Assets 6,378 Sub-Total 25,684 Intangible Assets 0 Minority Interest - Capital Work in Progress 1,072 Non Current
Slide 30: Financial Overview – Consolidated P&L
Financial Overview – Consolidated P&L (Rs. mn) Q4 FY18 Q4 FY17 % Change FY18 FY17 % Change Note to P&L • Classic Mall Development Income from operations 4,366 4,544 16,198 18,246 Company Private Limited Retail 2,698 3,052 10,595 11,930 (CMDCPL), which owns and operates the retail mall known Resident
Slide 31: Financial Overview – Consolidated Balance Sheet
Financial Overview – Consolidated Balance Sheet (Rs. mn) As on 31st March 2018 (Rs. mn) As on 31st March 2018 Share Capital 306 Non Current Assets 70,487 Reserves & Surplus 28,211 Tangible Assets 52,939 Sub-Total 28,517 Intangible Assets 25 Minority Interest 4,661 Capital Work in Progress 5,025 36,1
Slide 32: Financial Overview – Pro forma analysis of Consolidated P&L
Financial Overview – Pro forma analysis of Consolidated P&L Proforma adjustment of Q4 & FY18 results for the change in treatment for Classic Mall • For like-to-like comparison with the prior year period, we have adjusting reported FY18 results and for the sake of illustration, present proforma resul
Slide 33: Q4FY18 – Key Highlights
Q4FY18 – Key Highlights • Financial highlights • Consolidated revenues for Q4FY18 was at Rs. 4,366 mn • EBITDA was at Rs. 2,161 mn , up 8% y-oy • Consolidated PAT (after minority interest & before OCI) came in at Rs. 926 mn, up 255% y-o-y • Operational Highlights • Retail portfolio reported consumpt
Slide 34: Operational Update – Retail Portfolio
Operational Update – Retail Portfolio HSP & Phoenix MarketCity Phoenix United Palladium Palladium Mumbai Bangalore Chennai Mumbai Pune Bareilly Lucknow Chennai Retail Leasable/Licensable Area (msf ) 0.74 1.00 1.00 1.11 1.19 0.31 0.33 0.22 Total No. of Stores 271 295 259 315 352 144 130 77 Average Re
Slide 35: Q4 FY18 – Retail Key Highlights
Q4 FY18 – Retail Key Highlights 4,057 Consumption (Rs. mn) Total Consumption – Rs. 15.3 bn, up 8% yoy 2,478 2,859 2,616 1,970 728 461 131 HSP & Palladium* PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Phoenix United Phoenix United Chennai Lucknow Bareilly Opened 3% 3% 12% 8% 10% in Feb’18
Slide 36: FY18 – Retail Key Highlights
FY18 – Retail Key Highlights 16,456 Consumption (Rs. mn) Total Consumption – Rs. 63.2 bn, up 9% yoy 10,742 12,361 10,828 8,143 2,850 1,722 178 HSP & Palladium PMC Chennai PMC Bengaluru PMC Pune PMC Mumbai Palladium Chennai Phoenix United Phoenix United Lucknow Bareilly Opened 1% 0% 21% 12% 17% in Fe
Slide 37: High Street Phoenix & Palladium Mall
High Street Phoenix & Palladium Mall Rental Income of Rs. 803 mn this quarter, up 13% yoy Consumption (Rs. mn) 4,524 4,574 Trading Density is up 5% yoy for FY18 at Rs. 3,034 pspm 3,781 4,024 3,934 4,208 4,057 3,617 Consumption of Rs. 4,057 mn in Q4 FY18, up 3% yoy; Positive impact on Q4 FY18
Slide 38: High Street Phoenix & Palladium Mall
High Street Phoenix & Palladium Mall % yoy % yoy Q4FY18 Q4FY17 FY18 FY17 growth growth Rental Income (Rs. mn) ^ 803 711 13% 3,022 2,837 7% Recoveries (CAM and other) 241 210 15% 950 922 3% (Rs. mn) Total Income (Rs. mn) 1,044 921 13% 3,972 3,759 6% EBITDA (Rs. mn) 644 603 7% 2,522 2,538 -1% EBIDTA M
Slide 39: High Street Phoenix & Palladium Mall
High Street Phoenix & Palladium Mall FY13-18 Rental Income (Rs.mn) CAGR – 11% 3,022 2,837 2,601 2,293 2,039 1,824 FY13 FY14 FY15 FY16 FY17 FY18 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) FY13-18 CAGR – 7% 3,034 16,264 16,456 2,741 2,894 15,438 2,553 14,403 13,185 2,263 11,711 2,020 FY1
Slide 40: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai Consumption in Chennai came in at Rs. 10,742 mn for FY18 Consumption (Rs. mn) 2,845 2,856 2,812 2,706 2,747 The asset recorded a strong 12% EBITDA growth at Rs. 2,597 2,401 2,478 1,499 mn while rental income came in at Rs.1,394 mn Consumption was impacted during the
Slide 41: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai % yoy % yoy Q4FY18 Q4FY17 FY18 FY17 growth growth Rental Income (Rs. mn) 357 339 5% 1,394 1,286 8% Recoveries (CAM and other) 174 181 773 735 5% (Rs. mn) Total Income (Rs. mn) 531 520 2% 2,166 2,021 7% EBITDA (Rs. mn) 345 371 1,499 1,341 12% EBIDTA Margin (as % of Rental 9
Slide 42: Phoenix MarketCity Chennai
Phoenix MarketCity Chennai FY14-18 Rental Income (Rs.mn) CAGR – 13% 1,394 1,286 1,196 1,109 858 117 FY13 FY14 FY15 FY16 FY17 FY18 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) FY14-18 11,289 CAGR – 12% 10,481 10,699 10,742 1,480 1,572 1,553 1,489 6,938 1,226 800 518 FY13 FY14 FY15 FY16 FY
Slide 43: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore PMC Bangalore in its sixth year of operations continues to Consumption (Rs. mn) demonstrate market leading growth across categories 3,299 3,172 3,030 2,918 2,859 2,332 2,398 2,554 FY18 Consumption was up 21% yoy to Rs. 12,361 mn while Trading Density was up 17% at Rs
Slide 44: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore % yoy % yoy Q4FY18 Q4FY17 FY18 FY17 growth growth Rental Income (Rs. mn) 322 283 14% 1,275 1,090 17% Recoveries (CAM and other) 164 153 7% 668 609 10% (Rs. mn) Total Income (Rs. mn) 486 436 11% 1,943 1,699 14% EBITDA (Rs. mn) 299 285 5% 1,228 1,087 13% EBIDTA Margin 93%
Slide 45: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore FY13-18 Rental Income (Rs.mn) CAGR – 16% 1,275 1,090 958 876 768 603 FY13 FY14 FY15 FY16 FY17 FY18 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) FY13-18 CAGR – 26% 12,361 1,694 10,200 1,444 1,287 8,859 1,131 7,753 975 6,573 745 3,832 FY13 FY14 FY15 FY16 FY17 F
Slide 46: Phoenix MarketCity Pune
Phoenix MarketCity Pune Consumption (Rs. mn) FY18 Consumption was at Rs. 10,828 Mn, up 12% yoy 2,812 2,747 2,969 2,422 2,495 2,616 2,208 2,188 PMC Pune closed the year with a trading density of Rs. 1,244 psf pm Consumption growth translated into strong rental income; Q1 FY17Q2 FY17Q3 FY17Q4 FY
Slide 47: Phoenix MarketCity Pune
Phoenix MarketCity Pune % yoy % yoy Q4FY18 Q4FY17 FY18 FY17 growth growth Rental Income (Rs. mn) 360 330 9% 1,386 1,202 15% Recoveries (CAM and other) 209 195 7% 843 760 11% (Rs. mn) Total Income (Rs. mn) 568 525 8% 2,229 1,962 14% EBITDA (Rs. mn) 326 275 18% 1,252 1,073 17% EBIDTA Margin (as % of R
Slide 48: Phoenix MarketCity Pune
Phoenix MarketCity Pune FY13-18 Rental Income (Rs.mn) CAGR – 17% 1,386 1,202 1,035 941 789 640 FY13 FY14 FY15 FY16 FY17 FY18 Average Trading Density (Rs./sft pm) FY13-18 Consumption (Rs.mn) 1,224 1,208 CAGR – 19% 10,828 1,077 9,629 975 8,659 812 7,650 6,221 653 4,610 FY13 FY14 FY15 FY16 FY17 FY18 FY
Slide 49: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai PMC Kurla continues its successful turnaround story Consumption (Rs. mn) 2,320 Consumption at PMC Kurla was up 17% yoy at Rs. 8,143 1,929 1,784 2,052 1,801 1,970 1,565 1,678 mn in FY18 Rental Income of Rs. 1,102 Mn in FY18, up 19% Q1 FY17Q2 FY17Q3 FY17Q4 FY17Q1 FY18Q2
Slide 50: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai % yoy % yoy Q4FY18 Q4FY17 FY18 FY17 growth growth Rental Income (Rs. mn) 281 235 20% 1,102 926 19% Recoveries (CAM and other) (Rs. mn) 145 119 22% 576 577 Total Income (Rs. mn) 426 353 21% 1,678 1,503 12% EBITDA (Rs. mn) 225 223 928 777 20% EBIDTA Margin (as % of Rental 80%
Slide 51: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai FY13-18 Rental Income (Rs.mn) CAGR – 8% 1,102 991 954 934 926 750 FY13 FY14 FY15 FY16 FY17 FY18 FY13-18 Consumption (Rs.mn) Average Trading Density (Rs./sft pm) CAGR – 24% 1,044 942 8,143 6,957 797 705 5,480 5,957 586 4,460 454 2,818 FY13 FY14 FY15 FY16 FY17 FY18 FY13 FY14
Slide 52: Palladium Chennai
Palladium Chennai •Palladium Chennai became 0.22 Million Sq. Ft. operational on 13th Oct 2017 with Total Leasable Area launch of H&M 13th Oct 2017 Operations Begin •Includes brands such as H&M, Michael Kors, Tumi, Coach etc. •Full scale operations commenced from Feb 17, 2018
Slide 53: Renewal Schedule (% of total leasable area)
Renewal Schedule (% of total leasable area) HSP & Palladium PMC Bangalore PMC Chennai 60% of leasable area for renewal 36% of leasable area for renewal 25% of leasable area for renewal over next 3 years over next 3 years over next 3 years 27% 25% 18% 19% 16% 3% 6% 5% 2% FY19 FY20 FY21 FY19 FY20 FY21
Slide 54: Residential Portfolio: High Margin, Cash Flow Business
Residential Portfolio: High Margin, Cash Flow Business One Bangalore West and Kessaku • Premium and upscale, large-scale residential developments • Product design, quality and location in or around mixed-use destinations have established the projects as market leaders • Expect substantial free cash
Slide 55: Operational Update – Residential Portfolio
Operational Update – Residential Portfolio Revenue recognized Saleable area (msf) (Rs. mn) Project Name Area Sold Sales Value Average Selling Price Collections (operational) (msf) (Rs. mn) (Rs. psf) (Rs. mn) Total Area Balance in Q4 FY18 Cumulative Area launched Area One Bangalore West, 2.20 1.48 0.
Slide 56: One Bangalore West, Bengaluru
One Bangalore West, Bengaluru Tower Saleable Area (msf) Launched Sold One Bangalore West Tower 1-5 1.23 1.23 1.09 Tower 6 0.26 0.26 0.13 Tower 7-9 0.72 Not Launched - Total 2.20 1.48 1.23 Q4FY18 Q4FY17 Q3FY18 Saleable Area for 9 Towers (msf) 2.20 2.20 2.20 Cumulative Sale Value (Rs. mn) 12,041 11,23
Slide 57: Kessaku, Bengaluru
Kessaku, Bengaluru Kessaku Q4FY18 Q4FY17 Q3FY18 Saleable Area (msf) 0.99 0.99 0.99 Cumulative Sale Value (Rs. mn) 3,461 3,193 3,340 Cumulative Sale Volume (msf) 0.23 0.21 0.22 Cumulative Collections (Rs. mn) 2,430 1,975 2,353 Average Realization (Rs./sft) 15,196 15,378 15,183 Project Update SORA, NI
Slide 58: Kessaku, Bengaluru
Kessaku, Bengaluru Kessaku Proposed Elevation Kessaku Current Elevation 57
Slide 59: Kessaku, Bengaluru
Kessaku, Bengaluru Kessaku Façade Actual 58
Slide 60: The Crest, Chennai - Towers A, B and C
The Crest, Chennai - Towers A, B and C Q4FY18 Q4FY17 Q3FY18 Crest Towers A & B Saleable Area (msf) 0.53 0.53 0.53 Cumulative Sale Value 3,775 3,464 3,762 (Rs. mn) Cumulative Sale Volume (msf) 0.43 0.40 0.43 Cumulative Collections 3,469 3,209 3,446 (Rs. mn) Average Realization (Rs./sft) 8,706 8,656 8
Slide 61: Commercial Portfolio Adds to Annuity Income
Commercial Portfolio Adds to Annuity Income • Own and operate Grade A commercial, rent-generating Art Guild House, Mumbai space of approx. 1 msf in prime locations in Mumbai • Currently 85% of the available area has been leased to Tier 1 clients – ensures quality catchment and stable rental income •
Slide 62: Operational Update – Commercial Portfolio
Operational Update – Commercial Portfolio Net Area Average AGH reported Rental Income of Rs. 245 Mn for FY18 Project Total Area Area Sold Leasable Leased Rate Name (msf) (msf) 85% of available leasable area in AGH has been leased Area (msf) (msf) (Rs./sq.ft) Phoenix 0.14 - 0.14 0.13 110^ House #
Slide 63: Hospitality Portfolio: Steadily Strengthening
Hospitality Portfolio: Steadily Strengthening • Own and operate marquee hospitality properties in Mumbai and Agra COURTYARD BY ST. REGIS, MUMBAI MARRIOTT, AGRA managed by best-in-class global operator, Marriott Keys 395 193 FY18 Occupancy (%) 76 65 • The St. Regis, Mumbai and Courtyard by Marriott,
Slide 64: Operational Update – Hospitality
Operational Update – Hospitality The St. Regis, Courtyard by Mumbai Marriott, Agra Keys 395 193 Restaurants & Bar 10 4 Occupancy (%)# 83% 77% Average room rent 12,062 4,710 (Rs. / room night) # The St. Regis, Mumbai Courtyard by Marriott, Agra Q4 FY18 room occupancy at 83% at an ADR of Rs. 12,062
Slide 65: Operational Update – Hospitality Portfolio
Operational Update – Hospitality Portfolio The St. Regis, Mumbai Courtyard by Marriott, Agra The St. Regis continues to set new performance Courtyard by Marriott, Agra reported improved benchmarks in the industry with stellar industry- occupancy in FY18. Occupancy moved from 57% leading growth r
Slide 66: The St. Regis, Mumbai
The St. Regis, Mumbai % yoy % yoy Q4FY18 Q4FY17 FY18 FY17 growth growth Revenue from Rooms 357 309 15% 1,226 1,068 15% (Rs. mn) Revenue from F&B and Banqueting (Rs. 350 329 6% 1,276 1,177 8% mn) Other Operating 74 91 288 275 5% Income (Rs. mn) Total Income (Rs. mn) 780 730 7% 2,879 2,520 11% Operati
Slide 67: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra % yoy % yoy Q4FY18 Q4FY17 FY18 FY17 growth growth Revenue from Rooms 61 54 13% 177 162 9% (Rs. mn) Revenue from F&B and Banqueting 50 47 6% 166 146 14% (Rs. mn) Other Operating Income 4 5 17 15 11% (Rs.mn) Total Income 115 106 9% 360 323 11% (Rs. mn) Occupancy (%) 77% 74%
Slide 68: Shareholding Pattern as on 31 March 2018
Shareholding Pattern as on 31 March 2018 Sr. No Key Institutional Investors % Shareholding Shareholding Pattern 1 Nordea Bank 10.84% 1.68% 2.33% 4.01% 2 Fidelity Investment Trust 4.35% 3 Schroder 2.96% Promoters FII 4 Van Eck 1.52% 29.16% DII 5 Mondrian 1.13% Public 6 UTI Mutual Fund 0.96% Corporate
Slide 69: FY18 Debt profile
FY18 Debt profile FY17 Debt FY18 Debt Asset Type SPV Asset Name PML Ownership (Rs.mn) (Rs. mn) • Debt is only marginally PML Standalone High Street Phoenix, Mumbai 100% 7,507 7,174 up over last year Classic Mall Phoenix MarketCity, Chennai 50% 4,238 4,779 despite fund outflows Development The Crest
Slide 70: For more information on the Company, please contact
For more information on the Company, its projects and services please log on to www.thephoenixmills.com or contact: Varun Parwal Contact: +91 22 30016737 Email: [email protected] Advait Phatarfod Contact: +91 22 30016804 Email: [email protected] Pawan Saxena Contact: +91 22 30