Parsvnath Developers Limited · NSE:PARSVNATH
Parsvnath Developers — Investor Presentation (March 2007)
41 slides from Parsvnath Developers's investor presentation, March 2007
Slide 1: Parsvnath Developers Limited
Parsvnath Developers Limited 6th Floor, Arunachal Building, 19, Barakhamba Road New Delhi – 110 001 (INDIA) 0
Slide 2: Contents
Contents Who We Are Developments since IPO Why We Are Uniquely Positioned Our Financial Performance 1
Slide 3: Parsvnath Developers – An Overview
Parsvnath Developers – An Overview Presence in High- Experience of Over Diversified Business Pan-India Presence Growth Market 15 Years Model Reputed Real Estate Extensive Area Developer – Strong Under Development Consumer – 100 projects over Confidence 134.01 mn. sq. ft. (Excluding SEZ) First Mover
Slide 4: A Leading Pan-India Real Estate Company
A Leading Pan-India Real Estate Company DERABASSI MALERKOTLA MOHALI DHARUHERA RAJPURA (REWARI) J&K AMRITSAR FARIDABAD CHANDIGARH JAMMU GURGAON DEHRADUN ROHTAK HARIDWAR KURUKSHETRA PUNJAB UTTARANCHAL SONEPAT HARYANA DELHI PANCHKULA KARNAL UTTAR PRADESH PANIPAT RAJASTHAN BHIWADI SILIGUDI JODHPUR MADHY
Slide 5: Developments post IPO
Developments post IPO As per RHP Current Status 1 Total Developable Area 108.65 mn. sq. ft. 134.01 mn. sq. ft. 2 Number of States 14 17 3 Number of Cities 41 46 4 Completed Projects Residential 9 3.08 mn. sq. ft. 9 3.08 mn. sq. ft. Commercial 8 0.38 mn. sq. ft. 9 0.40 mn. sq. ft. DMRC -- 5 0.30 mn.
Slide 6: Our Diversified Business Model
Our Diversified Business Model Integrated Townships – Mixed use developments on large areas of land comprising of plotted developments, constructed houses and Villas, Group Housing, Commercial/Shopping Complexes, Hotels and common amenities like medical care, schools etc. Residential – Stand alo
Slide 7: Integrated Township Land Use Model
Integrated Township Integrated Township Land Use Model for 100 Acres of land in Haryana Total Area : 100 Acres Roads, Parks, Infrastructure & other basic amenities : 40 Acres Developable land : 60 Acres Developments allowed Group Housing : 20 Acres Plotted Development : 35 Acres (on which we can
Slide 8: Overview of Project Portfolio
Overview of Project Portfolio Built-up area (mn. sq. ft.) • 9 residential projects 3.08 Completed Projects • 9 commercial/shopping complexes 0.40 (23) • 5 DMRC Projects 0.30 Total 3.78 Diversified Portfolio of Projects 7
Slide 9: Projects Under Development
Projects Under Development Parsvnath’s projects cover saleable area of 134.01 million sq ft, including owned land and development rights. This does not include land owned in SEZ business Ongoing projects are spread over 17 states and 46 cities Saleable Area Total Cost Total Cost Upcoming Project
Slide 10: Projects Under Development (Cont…)
Projects Under Development (Cont…) Hotels 2% DMRC 1% IT Parks 5% Residential 22% Commercial 4% Integrated Township 66% Note: Based on saleable area 9 9
Slide 11: Projects Under Development (Cont…)
Projects Under Development (Cont…) 1% NCR 34% 1% Haryana 17% 2% 2% 1% Punjab 11% 4% Rajasthan 7% 6% U.P. 7% Madhya Pradesh 6% 0.5%0% 36% Kerala 4% 34% 7% Karnataka 3% Tamil Nadu 2% Delhi 2% Jharkhand 1% 7% Uttaranchal 1% 0.5% Gujarat 1% 0% 1% Maharashtra 1% 3% West Bengal 1% 1% J&K 1% 11% Goa 0.5% 1
Slide 12: State-wise Segment-wise details of Projects
State-wise Segment-wise details of Projects Sta te Inte gra te d Re side ntia l Comme rcia l IT Pa rk Hote l DMRC Tota l Tow nship Are a Cost Are a Cost Are a Cost Are a Cost Are a Cost Are a Cost Are a Cost 1 NCR 15.51 366.14 19.97 390.52 0.41 30.18 1.01 41.87 36.91 828.71 2 Ha rya na 20.37 413.94
Slide 13: Ongoing Projects – Estimated Completion Schedule
Ongoing Projects – Estimated Completion Schedule Sl. Name of Project and upto 31.03.2007 31.03.2008 31.03.2009 31.03.2010 31.03.2011 No. location 31.03.2006 area in mn. Sq.ft area in mn. Sq.ft area in mn. Sq.ft area in mn. Sq.ft area in mn. Sq.ft area in mn. Sq.ft for the upto the for the upto the f
Slide 14: Land Bank/Development Rights – PARSVNATH MODEL
Land Bank/Development Rights – PARSVNATH MODEL • The Land falls under an Approved Use Zone as per Master Plan of the relevant Statutory Authority • The Sale Deed / Agreement has been registered in the strata records of the concerned Authority • Allotment Letter issued in case of Government auctioned
Slide 15: Accelerating Business Momentum - Residential
Accelerating Business Momentum - Residential Residential Projects No of Projects 31 Saleable Area 32.89 mn sq ft Parsvnath Exotica – Gurgaon Parsvnath Residency - Noida Parsvnath Planet - Lucknow 14 Note: Pictures of Exotica, Gurgaon and Planet , Lucknow are artistic impressions and not actual p
Slide 16: Accelerating Business Momentum - Commercial
Accelerating Business Momentum - Commercial Commercial Projects No of Projects 21 Saleable Area 5.04mn.sq ft Parsvnath Mall - Sonepat Parsvnath Eleganza - Dehradun Parsvnath Kaushambi Mall – Ghaziabad Parsvnath City Mall - Faridabad 15 Note: Pictures are artistic impressions and not actual pictu
Slide 17: Accelerating Business Momentum – Townships and IT Parks
Accelerating Business Momentum – Townships and IT Parks Integrated Township No of Projects 21 Saleable Area 86.19mn sq ft Parsvnath City, Sonepat IT Parks No of Projects 4 Saleable Area 6.01 mn sq ft Parsvnath IT Park Hotel 16 Note: Pictures are artistic impressions and not actual pictures
Slide 18: Accelerating Business Momentum - DMRC
Accelerating Business Momentum - DMRC Parsvnath has entered into concession agreements to develop shopping malls on 11 stations owned by the Delhi Metro Railway Corporation (DMRC) on a Build-Operate-Transfer basis Executed 5 DMRC projects. These projects will yield rental income for PDL for a
Slide 19: Hotel Projects
HOTEL PROJECTS • No of Projects 17 • Area 2.42 mn sq ft 5 Star 9 4 Star 2 3 Star 5 Serviced Apartments 1 TOTAL 17 18 18
Slide 20: Hotel Projects
Hotel Projects Name of Hotel Category No. of Rooms Year of Completion 1 Hotel Chandigarh 5 Star 200 2010 2 Hotel Chandigarh Multimedia Film City 5 Star 200 2010 3 Hotel Jodhpur I 5 Star 250 2010 4 Hotel Cochin-I Airport 5 Star 110 2010 5 Hotel Cochin II City 5 Star 100 2010 6 Hotel Hyderabad 5 Star
Slide 21: Hotel Projects (Cont…)
Hotel Projects (Cont…) Name of Hotel Category No. of Rooms Year of Completion 10 Hotel Mohali 4 Star 112 2008 11 Hotel Lucknow 4 Star 110 2010 12 Hotel Jodhpur II 3 Star 225 2010 13 Hotel Shirdi 3 Star 47 2009 14 Hotel Delhi-Seelampur 3 Star 73 2010 15 Hotel Ujjain 3 Star 110 2010 16 Hotel Goa 3 Sta
Slide 22: Multiplexes
MULTIPLEXES Developing 111 Multiplex Screens all over India • Finalized the MOU with M/s Movietime Cineplex Pvt. Ltd. for leasing all our Multiplex Screens in existing and future projects upto 100 screens @ Rs. 48.50 per sq. ft. with 15% increase every third year. • The Screens are to be given on le
Slide 23: Multiplex Screens
MULTIPLEX SCREENS 1 Mall Matrix, Mohali 3 18 Karnal 3 2 MMX, Ghaziabad 6 19 Rohtak 3 3 Mall Moradabad Ashiana 3 20 Mysore 3 4 Eleganza, Dehradun 4 21 Rajpura SCO Mall-I 3 5 Derabassi 3 22 Rajpura SCO Mall-II 3 6 Jaipur 3 23 Yamuna Nagar, 3 7 City Mall, Faridabad 3 24 Indore 3 8 Mall Mnhattan, Farida
Slide 24: Multimedia-cum-Film City, Chandigarh
Multimedia-cum-Film City, Chandigarh Location : Mulanpur Road, Near Biotech Park, Chandigarh Area : 30 Acres Developable Area : 15,62,832 sq. ft. Total Cost : Rs. 452 Crores (100 $ Mn.) Proposed Developments 1. Film City Studio, Ancillary facilities, Mack up Rooms & Post production facilities 2. Mul
Slide 25: Major Brands signed for leasing
Major Brands signed for leasing • Movie Time (For Multiplexes) • Liberty • Big Bazaar • Pepe Jeans • Spencer’s • Koutons • Food Bazaar • Mc Donald’s • Madura Garments • Nirula’s • John Players • Costa Coffee • Archies • Sagar Ratna • Adidas • Pizza Hut • Reebok • Citi Financial • Raymonds • Primus •
Slide 26: Special Economic Zones
SPECIAL ECONOMIC ZONES • Approvals received for 12 SEZs from the Ministry of Commerce. • Formal approvals received for 4 SEZs, namely Gurgaon, Dehradun, Indore and Kochi, for the IT/ITES Sector. • Lands are in the process of being acquired and aggregated. • Broadly, these SEZ projects cover an area
Slide 27: Special Economic Zones (Cont…)
SPECIAL ECONOMIC ZONES (Cont…) SEZ Approval Status Sector Area Developable Area and Location (Acres) (mn. sq.ft.) FORMAL APPROVAL 1. Gurgaon IT / ITES 114 9.04 2. Dehradun IT / ITES 35 2.74 3. Indore IT / ITES 76 6.03 4. Kochi IT / ITES 76 6.03 Total (A) 301 23.84 IN-PRINCIPLE APPROVAL 5. Mysore IT
Slide 28: Selected Growth Strategies
Selected Growth Strategies A. By the Year 2010, the company is planning to increase its footprint to 20 States and 250 cities with the chosen diversified portfolio of Integrated Townships, Residential Group Housing, Shopping Malls, Hotels, IT Parks etc. B. The Company has plans to develop retail mal
Slide 29: Future Plans and Strategy
Future Plans and Strategy D. Metro Rail Stations on BOT Basis : Presently, the company is having 11 projects on BOT Basis. With expansion of metro lines in Delhi and NCR Regions including Noida, Ghaziabad and Gurgaon, there will be more opportunities available in the next two to three years for deve
Slide 30: Future Plans and Strategy
Future Plans and Strategy E. Development of Bus Stations on BOT Basis We have taken up the Development of a Bus Terminus project from B.E.S.T Ltd. at Bandra Kurla Complex in Mumbai. This will be developed into a modern bus terminus along with modern passenger facilities and a commercial / shopping c
Slide 31: Contents
Contents Who We Are Why We Are Uniquely Positioned Our Financial Performance 30
Slide 32: Our Experienced Board of Directors
Our Experienced Board of Directors Pradeep Jain Chairman Directors Independent Directors Ms. Nutan Jain - Vice Chairman Mr. Sunil Kumar Jain Chairman, NECC Ltd. Mr. Sanjeev Jain - Managing Director Head, Architectural, Construction & Purchase Mr. R.J. Kamath Ex. Chairman Andhra Bank and Cana
Slide 33: Our Team – Corporate Functions
Our Team – Corporate Functions Pradeep Jain Chairman Sanjeev Jain Rajeev Jain Managing Director Director (Marketing) G.R. Gogia P.K. Jain M.C. Jain Director (Bus. Development) Advisor VP (Corporate) COOs Ravinder Babbar COO (Rajasthan) Dr. B.P. Dhaka COO (M.P.) and HR and Systems Pawan Kumar Gupta C
Slide 34: Business Strategy and Scalability
Business Strategy and Scalability Enhancing the scale of operations across key verticals De-risking through continued portfolio diversification Expanding footprint into new locations across India Optimizing operations through selective outsourcing 33
Slide 35: Impact of Economic Factors on Real Estate Market
IMPACT OF ECONOMIC FACTORS ON REAL ESTATE MARKET Factor Impact Parsvnath’s Strategy Increase of Housing Customers for Lower end propertiesDiversified portfolio of Finance Rates will get effected. offering. Withdrawal of Sec 80 I Developer’s margins would come Current projects have A under strain in
Slide 36: Our USPs
Our USPs A. National Player with regional focus. B. Ability to spot opportunities resulting in first-mover advantage. C. Large and dedicated customer base. D. Control on Quality, Delivery and Cost through in-house construction and centralized purchase. E. Diversified portfolio across all verticals.
Slide 37: Shareholding Pattern
Shareholding Pattern Number of Shares % of total issued capital 1 Promoters & Promoter Group 148,370,400 80.33 2 Institutions 5,171,494 2.80 (Domestic & FIIs) 3 Non-Institutional and Public 31,154,306 16.87 36 Total 184,696,200 100.00
Slide 38: Contents
Contents Capital Structure Who We Are Why We Are Uniquely Positioned Our Financial Performance 37
Slide 39: Rapid Growth Since FY 2004
Rapid Growth Since FY 2004 Annual Revenue Growth Annual EBITDA Growth Annual PAT Growth (INR Mn) (INR Mn) (INR Mn) CAGR of Revenue:121 % 1600 (30.95 $ Mn.) 2500 (51.08 $ Mn.) 1,393 (188.6 $ Mn.) 2,299 1400 9000 8,487 (23.80 $ Mn.) 1200 1,070 8000 2000 (145.3 $ Mn.) (34.20 $ Mn.) 1000 7000 6,538 1,53
Slide 40: Key Financials
Key Financials As on As on FY04 FY04 FY05 FY05 FY06 FY06 31.12.2006 31.12.2006 (9 months) (9 months) Rs. Mn. US $ Mn. Rs. Mn. US $ Mn. Rs. Mn. US $ Mn. Rs. Mn. US $ Mn. Sales 1,129 25.08 3,068 68.18 6,538 145.29 8,487 188.60 PBIDT 216 4.8 761 16.91 1,539 34.20 2,299 51.08 PBT 201 4.46 730 16.22 1,47
Slide 41: Disclaimer
Disclaimer This presentation has been prepared by Parsvanth Developers Ltd. solely for providing information about the Company. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such informatio
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