Professional Documents
Culture Documents
Results
circumstances.
undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or
The Phoenix Mills Ltd. (PML) will not be in any way responsible for any action taken based on such statements and
significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation
Important developments that could affect the Companys operations include changes in the industry structure,
that could cause actual results to differ materially from those suggested by the forward-looking statements.
laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors
Certain statements in this communication may be forward looking statements within the meaning of applicable
Disclaimer
Annexure
Shareholding Pattern
Portfolio Performance
Debt Profile
Financial Overview
Company Overview
Residential
Retail
Over 17.5 mn sq. ft. in Retail, Hospitality, Commercial and Residential assets spread over 100+ acres
Assets Overview
Company Overview
1.00
1.13
0.98
1.11
0.33
0.31
Chennai
Pune
Bangalore
Mumbai
Lucknow
Bareilly
Phoenix MarketCity
Phoenix MarketCity
Phoenix MarketCity
Phoenix MarketCity
Phoenix United
Phoenix United
^ Ongoing Development
P Planned Project
0.74
Mumbai
MALL PORTFOLIO
(5.60 MSF)
Mumbai
Fountainhead ^
The Crest D P
The Crest ^
Pune
0.35
0.41
0.53
0.64
OberHaus
P
0.38
OberHaus ^
Chennai
0.99
Kessaku ^
Bangalore
2.20
0.31
0.22
MATURE RESIDENTIAL
PORTFOLIO (5.51 MSF)
Chennai
Pune
Mumbai
Mumbai
Pune
Mumbai
Mumbai
Agra
Mumbai
HOTEL PORTFOLIO
(588 KEYS)
Courtyard by Marriot
West Court P
Phoenix House
East Court
The Centrium
193
395
0.28
0.13
0.76
0.25
0.28
0.12
in Q3 FY16
Hospitality
Retail
Financial
Q3 FY16 sales volume was 47,755 sft with total sales value of
Rs. 705 mn (APR of Rs. 14,756/sft); collections at Rs. 555 mn
9M FY16 sales volume was 2,67,996 sft with total sales value of
Rs. 4,013 mn (APR at Rs. 14,975/ sft); collections at Rs. 2,016
mn
Residential
2.63
2.96
863
869
808
12%
19%
17%
514
597
585
604
515
381
453
911
63%
66%
812
515
604
EBITDA
12%
% yoy growth
812
911
Q3 FY15
Q3 FY16
(Rs. mn)
363
448
446
19%
23%
18%
13%
453
% yoy growth
7.58
1,098
65%
1,517
2,347
9M FY15
381
8.99
1,347
68%
1,787
2,643
9M FY16
3,986
3,960
4,223
4,936
1,583
1,841
1,867
4,608
2,635
937
500
536
2,130
46%
597
430
2.97
4,936
2,847
1,070
287
732
2,127
43%
347
328
2.14
2,130
Q3 FY15
Q3 FY16
Q3FY15
471
Q4FY15
359
Q1FY16
256
13,119
8,364
2,045
1,048
1,662
5,835
44%
999
829
5.53
9M FY16
Q2FY16
244
12,547
7,702
2,050
1,595
1,200
6,037
48%
1,391
893
6.16
394
Q3FY16
9M FY15
* PAT adjusted for exceptional items **Presently Pallazzio Hotels and Leisure Pvt Ltd. has been considered as 100% subsidiary of PML. The effective financial interest of PML on
conversion of debentures into equity will be 58.5% and if adjusted for the same, the PAT after minority interest would have been higher by Rs. 151 mn for Q3 FY16
4,608
(Rs. mn)
Income from operations
Retail
Residential
Commercial
Hospitality
EBITDA
EBITDA Margin (%)
Profit after tax (PAT) and exceptional items
PAT after exceptional items and minority interest**
Diluted EPS
2,271
1,050
8,187
540
66,413
2,615
892
8,755
310
72,997
Trade Payables
FY13
1.18
FY14
1.93
FY15
1.98
9M FY16
1.98
28,190
3,004
221
32,931
3,345
295
290
16,447
16,737
6,212
306
18,784
19,090
4,765
As on 31 Mar 2015
As on 31 Dec 2015
(Rs. Mn.)
Share Capital
Reserves & Surplus
Total Shareholder Equity
Minority Interest
Non Current Liabilities
Long Term Borrowings
Other L. T. Liabilities
Long Term Provisions
Current Liabilities
Short Term Borrowings
FY13
1.84
FY14
1.97
2,758
503
72,997
FY15
1.93
9M FY16
1,967
181
66,413
1,110
11,783
2,192
12,940
2,870
2,453
41,299
25
2,117
1,807
2,356
1,575
1.86
As on 31 Mar 2015
43,578
22
1,774
1,687
2,355
2,056
As on 31 Dec 2015
10
Hotel
Residential
UPAL Developers
Gangetic Hotels
Alliance Spaces
Palladium Constructions
OberHaus
Phoenix MarketCity, Kurla
Art Guild House
Centrium
The Crest C
Phoenix MarketCity, Pune
East Court
Asset Name
Blackwood Developers
Offbeat Developers
Vamona Developers
PML Standalone
1,369
37,736
5,254
440
1,078
762
960
7,500
5,276
3,959
4,500
6,637
Q3FY16 Debt
(Rs. mn)
Mar-14
12.3%
Mar-15
11.8%
Sep-15
11.2%
Dec-15
11.0%
Rs. 37.74 bn
11
Residential
(15%)
Commercial
(12%)
Hospitality
(10%)
RETAIL: 62 %
of FY15
Revenue
12
PMC Chennai
PMC Bangalore
Retail Portfolio
PMC Mumbai
PMC Pune
13
2,433
1,403
711
702
4,306
3,033
1,940
1,787
FY13
FY14
40.3
FY15
49.0
9MFY16
949
886
1,592
2,825
96%
106
264
473
731
855
1,581
87%
89
310
1.11
FY13
4.2
749
768
1,139
2,333
89%
87
319
1.13
Pune
101
144
956
605
83%
62
106
0.33
Lucknow
FY14
5.7
FY15
6.5
130
119
647
389
86%
51
132
0.31
Bareilly
Phoenix United
9MFY16
5.3
NA
NA
NA
NA
24%
62
NA
NA
NA
NA
NA
NA
76
0.22
0.23#
305
Chennai
Palladium
Mumbai
PPP
Paragon Plaza (PPP) has become partly operational from Q1 FY16. Note that total leasable / saleable area in PPP is 0.31 msf of this, the company has sold 0.08 msf as of Dec 2015. ## Expected to
become operational from 2016. *As of Dec 2015; occupancy % is computed on leasable area ** For quarter ended 31 Dec 2015 @ Trading density is computed on carpet area
# Phoenix
87%
93%
Occupancy %*
25.7
94
300
40.8
301
273
0.98
0.74
1.00
Chennai
Bengaluru
Mumbai
Mumbai
Phoenix MarketCity
HSP &
Palladium
14
Q3FY15
608
204
812
515
85%
262
3,956
2,796
95%
Q3FY16
675
237
911
604
90%
300
4,306
3,034
93%
9%
9%
15%
17%
12%
16%
11%
% yoy
growth
92%
2,766
11,669
288
92%
1,787
2,643
703
1,940
9M FY16
95%
2,511
10,844
249
87%
1,517
2,346
613
1,734
9M FY15
10%
8%
16%
18%
13%
15%
12%
% yoy
growth
100%
2,618
14,403
254
84%
1,983
3,145
790
2,355
FY15
15
283
162
445
285
101%
106
2,964
1,659
94%
294
185
479
297
101%
106
2,825
1,592
96%
120
Q3FY15
Q3FY16*
-4%
-5%
0%
4%
8%
14%
4%
% yoy
growth
244
96%
1,560
8,374
107
107%
949
1,467
581
886
242
92%
1,483
7,835
104
107%
879
1,350
528
822
9M FY16 9M FY15
6%
8%
3%
8%
9%
10%
8%
% yoy
growth
273
93%
1,484
10,469
104
105%
1,169
1,837
728
1,109
FY15
16
Q3FY15
230
133
363
217
94%
87
2,103
1,209
89%
Q3FY16
243
140
383
228
94%
94
2,433
1,403
87%
16%
16%
8%
5%
6%
6%
6%
% yoy
growth
87%
1,307
6,719
90
99%
702
1,129
417
711
89%
1,153
5,952
83
105%
690
1,050
392
658
9M FY16 9M FY15
13%
13%
9%
2%
8%
6%
8%
% yoy
growth
88%
1,149
7,838
87
101%
890
1,401
520
881
FY15
17
Q3FY15
243
178
420
221
91%
83
2,105
1,066
86%
Q3FY16
263
190
453
241
92%
87
2,333
1,139
89%
7%
11%
3%
9%
8%
7%
8%
% yoy
growth
87%
1,100
6,617
87
97%
749
1,344
575
768
9M FY16
85%
974
5,743
80
96%
677
1,222
521
702
9M FY15
13%
15%
8%
11%
10%
10%
9%
% yoy
growth
85%
975
7,640
81
89%
843
1,634
692
942
FY15
18
132
401
171
64%
91
1,442
740
91%
175
406
203
88%
89
1,581
855
87%
188
205
269
231
(Rs.
Q3FY15
Q3FY16
498
87%
804
4,515
89
65%
473
1,211
481
731
9M FY16
630
90%
704
4,115
90
84%
667
1,245
453
792
9M FY15
773
89%
732
5,479
85
60%
600
1,613
615
998
FY15
19
FY16
15%
FY17
16%
FY17
43%
10%
FY18
8%
FY18
PMC, Mumbai
FY16
14%
FY16
33%
FY16
2%
FY17
5%
PMC, Pune
FY17
40%
10%
FY18
9%
FY18
PMC, Bangalore
FY17
0%
FY18
54%
FY16
2%
PMC, Chennai
20
OBERHAUS - BANGALORE
KESSAKU - BANGALORE
FOUNTAINHEAD - PUNE
RESIDENTIAL:
15% of FY15
Revenue
Commercial
(12%)
Hospitality
(10%)
Retail (62%)
21
Kessaku
Residential Portfolio
Construction
C t ti IIndustry
d
Award 2015 - Excellence in
Commercial/ Mixed Use- Development Project, Chennai
Recent Awards
22
0.99
1.02
0.35
0.94
5.51
Kessaku, Bangalore
OberHaus, Bangalore
Fountainhead, Pune
TOTAL
FY14
1.21
FY15
1.47
YTDFY16
1.74
2.62
0.41
1.02
0.59
0.60##
Balance
Area
17,348
1.74
FY13
8,385
FY14
9,993
FY15
12,803
YTDFY16
17,348
9,982
8,493
11,203
11,137
2,670
64
686
7,716
Collections
(Rs. mn)
1,144
###
###
194
950
FY13
7,836
FY14
8,259
FY15
8,710
YTDFY16
9,982
10,481
2,878
7,603
23
in Q3 FY16 Cumulative
Yet to launch
14,858
9,499
3,110
0.37
158
3,280
0.22
0.01
10,801
Sales Value
(Rs. mn)
1.14
Area Sold
(msf)
Revenue recognized
(Rs. mn)
Tower D is expected to be launched during 2016 ## Note that of the nine towers in One Bangalore West (OWB), only Towers 1-6 have been launched as of Dec 2015; Tower 7 was launched at the end
of Dec 2015 ### In Crest residential development, only Tower C is consolidated in our financials.
FY13
1.07
# Crest
2.88
0.53
0.35
0.4
1.6
Area
launched
2.2
Total
Area
Project Name
Q3FY15
2.20
8,900
1.03
6,000
8,188
Q3FY16
2.20
10,801
1.14
7,716
9,499
9,447
7,487
1.12
10,556
2.20
Q2FY16
24
0.99
2,820
0.19
433
14,627
0.99
3,280
0.22
686
14,858
Q2FY16
Q3FY16
Kessaku, Bangalore
14,330
302
0.17
2,473
0.99
Q1FY16
KESSAKU - BANGALORE
25
0.53
3,100
0.37
2,200
8,378
0.53
3,110
0.37
2,670
8,493
8,493
2,631
0.37
3,110
0.53
Q2FY16
Note: Crest Towers A and B are a part of a separate subsidiary, Classic Housing Projects Pvt Ltd.,
while Crest Tower C forms a part of Classic Mall Development Co. Pt. Ltd.
Q3FY15
Q3FY16
CREST TOWER B
CREST TOWER C
26
CENTRIUM - MUMBAI
Hospitality
(10%)
Residentia
l (15%)
COMME
RCIAL:
12 % of
FY15
Revenue
Retail
(62%)
27
0.13
0.08
0.05
0.38
1.03
0.42
0.31
0.12
0.76
1.71
Phoenix Paragon
Plaza, Mumbai
-- Retail
-- Commercial
TOTAL
0.24
0.25
0.28
0.28
Saleable
Area sold
area
Centrium , Mumbai
Project Name
0.21
0.09
0.06
0.06
0.12
0.00
0.00
Area
leased
0.47
0.29
0.01
0.17
0.17
0.01
0.00
Balance
area
9,258
3,253
1,837
1,648
2,520
Sales Value
(Rs. mn)
7,890
1,983
1,766
1,681
2,461
Collections
(Rs. mn)
283
188
95
In Q3 FY16
(Rs. mn)
7,555
2,123
1,703
1,460
2,269
28
Cumulative till
Q3 FY16 (Rs. mn)
Revenue recognized
0.76
3,253
0.38
1,983
8,561
0.09
81
As on Q3FY16
29
0.05
542
508
10,717
0.06
0.08
1,295
1,258
16,100
0.06
62
0.12
0.31
Office
Retail
0.12
14,146
1,766
1,837
0.13
0.42
Total (as of
Q3FY16)
30
5% of
total
Revenue
in FY15
Residenti
al (15%)
Commercial
(12%)
HOSPITALITY:
10% of FY 15
revenue
Retail (62%)
31
193
43
3951
112
78%
9,978
Keys
Restaurants & Bar
Occupancy (%)4
Average room
rent (Rs. / room
night) 4
1Currently
386 rooms are operational; 2 Currently 9 restaurants are operational; 3 Currently 3 restaurants are operational; 4 For Q3 FY16
78%
operations
5,287
52%
Courtyard by
Marriott, Agra
32
244
327
71
642
227
78%
9,978
Occupancy (%)
ARR (Rs.)
8,172
81%
230
534
39
296
200
8,810
70%
487
1,536
168
806
562
8,079
61%
426
1,196
95
671
431
8,199
67%
661
1,718
128
951
639
33
9M FY16
88
81
169
38%
4,226
Q3FY16
48
38
86
52%
5,287
Occupancy (%)
ARR (Rs.)
COURTYARD BY MARRIOTT,AGRA
34
25.59%
3.60%
5.49%
2.63%
62.69%
Public
DII
FII
Promoters
Shareholding Pattern
Vanguard
Schroder
Reliance Capital
Mondrian
1.08%
1.22%
1.31%
1.46%
1.67%
4.73%
TIAA-CREF Funds
7.14%
35
% Shareholding
Nordea Bank
Chennai Ph II
0.22 msf
29.3%
Chennai
0.98 msf
50.0%
Mumbai
1.14 msf
65.4%$
Bengaluru
0.98 msf
100%
Pune
1.13 msf
86.6%
Phoenixx MarketCity
Ma
4.45 msf
Promoters
62.7%
Our Portfolio*
Bareilly
0.35 msf
0.
100%
Lucknow
0. msf
0.35
100%
Phoenix
oenix
United
0.70 msf
Fountain
head
Phase II
0.28 msf
33.0%
Fountain
head
Phase I
0.35 msf
0.
33.0%
East
Court
0. msf
0.25
86.6%
Pune
0.88msf
Phoenix
Paragon
Plaza
0.45 msf
0.
43.8%
Art Guild
House
0.
0.76 msf
65.4%$
Centrium
0.26 msf
0.
65.4%$
Mumbai
1.49 msf
Crest D
0.41
msf
29.3%
Crest A
&B
0.21
msf
50.0%
Crest C
0.26
msf
50.0%
Chennai
Chenna
0.88 msf
Public
37.3%
OBW &
Kessaku
3. msf
3.20
100%@
Ober
Haus
1.02 msf
1.
100%
ngalur
Bengaluru
4.22msf
Courtyar
urtyar
d by
Marriott,
Agra
193 Keys
43%
36
@shares
The St.
St
Regis,
Mumbai
395 Keys
58.5%^
Annexure
Commercial Portfolio
Residential Portfolio
Retail Portfolio
37
518
3,832
4,610
2,818
PMC, Bangalore
PMC, Pune
PMC, Mumbai
11,711
PMC, Chennai
FY13
4,460
6,221
6,573
6,938
13,185
FY14
5,480
7,650
7,753
10,481
14,403
FY15
750
640
603
117
1,824
FY13
934
789
768
858
2,039
FY14
991
941
876
1,109
2,293
FY15
454
653
745
800
2,020
FY13
586
812
975
1,226
2,263
FY14
705
975
1,131
1,480
2,553
FY15
38
Property Awards
Developer of the Year
Images Shopping
Centre Award 2014 &
2013
Most Admired
Shopping Centre of
the Year
Most Admired
Shopping Centre
Marketing &
Promotions
PHOENIX MARKETCITY
PUNE
Images Shopping
Centre Award 2011-12
Most Admired
Shopping Centre
Launch of the Year
(South)
PHOENIX MARKETCITY
BANGALORE
PHOENIX MARKETCITY
MUMBAI
Construction
Industry Award
2015
Excellence in
Commercial/ Mixed
Use- Development
Project
PHOENIX MARKETCITY
CHENNAI
39
40
TOTAL
Project Name
No. of
towers
Location
Rajajinagar,
Bangalore
Rajajinagar,
Bangalore
Whitefield,
Bangalore
Nagar Road,
Pune
Velachery,
Chennai
5.51
0.94
0.35
1.02
0.99
2.20
Saleable area
(Mn sq ft)
2009
Phase I Q1 2012
2018
Tower A, B Q4 2015
Tower C Q4 2015
Tower D 2018
Tower A, B & C Q3
2011
Tower D Q3 2015
Under Planning
Phase I Q1 2014
Under Planning
Phase I Q3 2013
Phase II Under
planning
Phase I Q3 2012
Phase II Q4 2014
Q2 2018
Expected Date of
completion
41
Launch date
Q3 2013
Q2 2011
Commencement of
planning
FOUNTAINHEAD
KESSAKU
42
43
Kurla, Mumbai
Kurla, Mumbai
Kurla, Mumbai
Phoenix House
Centrium
East Court
Paragon Plaza
West Court *
* Planned Project
TOTAL
Location
Project name
1.80
0.28
0.76
0.12
0.25
0.28
0.13
Total area
(Mn Sq Ft)
Q4FY16
Completed
Completed
Completed
Completed
Expected Date of
Completion
44
45
Hospitality
43
112
66%
8,231
1Currently
193
3951
Rooms
4,800
28%
2015
2012
Agra
Year of Establishment
Mumbai
46
BANQUETS
LI BAI
Restaurants
Piano Lounge & Bar
Seven Kitchens
The Sahib Room & Kipling Bar
Mekong
Li Bai. The Social Bar
EXO
Anais
YUUKA by Ting Yen
LED
Zenith Party Suite
ASILO
481
403
FY - 15
951
767
FY - 14
F&B & Banquet
FY - 13
68
94
55%
of revenue contributed by
F&B and banquets
Type
Lobby Lounge
All Day, Global Cuisine
Indian
Asian
Penthouse Bar
Night Club
European
Modern Japanese
Deli Style Cafe
Private Party Suite
Al Fresco Roof Top Bar
47
TripAdvisor
Certificate of Excellence 2014
ClearTrip
Award of Excellence 2014
Booking.com
Award of Excellence 2014, Preferred Hotel
2015
Times Food & Nightlife Awards
2014
Times Food & Nightlife Awards
48
8 Food & Beverage Concepts/ brands rolled out across 10 stores (7 Operational & 3 under fit-out)
Potential for more rollouts with opportunities across all Phoenix malls at initial stage
Adds to Phoenix malls leisure and entertainment bouquet, creating a larger consumption center
Scalable model that can be replicated on a Pan India basis at other malls & stand alone locations
Restaurants
49
956
1,911
1,622
1,834 +
1,317
2,611
3,163
2,691
3,453
SICHUAN HOUSE
ASIA BAR
CRAFT
Deli. Bistro. Bar
Bar Bar
NOOK
Nightlife
Sq Ft Area
(Carpet)
AMAYA
Indian Grill & Kitchen
Name
Trendy Nightclub
150
95
110
100
100
45
60
40
Capacity
Concept
Mumbai
Mumbai
Mumbai
Mumbai
Mumbai
Operational
Stores
Mumbai
Under
Fit-out
50
Thank you!
Email: rohini.g@phoenixmarketcity.in
Rohini Garg
Varun Parwal
Contact: +91 22 30016737
Email: varun.p@phoenixmarketcity.in
51