Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok...

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July 2007 Peninsula Land Limited Corporate Presentation

Transcript of Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok...

Page 1: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

July 2007

Peninsula Land LimitedCorporate Presentation

Page 2: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Agenda

GROUP & COMPANY OVERVIEW

KEY DIFFERENTIATORS

PROJECTS OVERVIEW

FINANCIAL HIGHLIGHTS

Page 3: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

GROUP & COMPANY OVERVIEW

Page 4: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Ashok Piramal – Group Overview

Real Estate development is one of the key focus areas for the Ashok Piramal Group

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The Ashok Piramal Group of Companies

Textiles Real Estate Development RetailEngineering

Note: 1) Financial year is year ending March 312) Market Capitalization considered as on July 263) Conversion rate of US$ 1 = Rs. 40.50

215

132

0

50

100

150

200

250

FY 04 FY07

Revenues (US$ mm)37

6

0

10

20

30

40

FY 04 FY07

559

22

0

100

200

300

400

500

600

2004 2007

CAGR = 18%

CAGR =

80%

EBITDA (US$ mm) Market Cap (US$ mm)

CAG

R =

192%

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Peninsula Land – Company Overview

Peninsula Land is a diversified real estate development company, renowned for its landmark developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail)Has developed and sold 2.32 mm sq ft of real estate across residential, commercial and retail In FY07, return on equity of 43.7% & return on capital of 23.5%Market capitalization of US$ 504 mm as on 26-July-07Geographically focused on Western and Southern IndiaTotal of 25.67 million square feet in pipeline in various stages of development

Promoters67%

Public20%

Banks / Insurance

10%

FIIs2%

Mutual Funds1%

Shareholding Pattern

Source: BSE India as of June 30, 2007

Millions of Square FeetAsset Class

25.67Total:7.38Biotech SEZ1.4Gems & Jewellery SEZ

1.19Other4.29IT2.03Commercial9.38Residential

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Details of projects in pipeline

Page 6: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Peninsula Land – Recent Corporate History

1997 • Foray into Real Estate development business

1999 • Developed “Crossroads” - the first international quality retail mall in India

2001 • First corporate to receive permission to commercially develop private textile mill land in Mumbai

2003 • Peninsula Corporate Park – the first integrated commercial complex developed in Central Mumbai

2004 • Developed CR2 – the first multi-storey car park and retail mall project in Mumbai• Joint Development Agreement with Swan Mills for development of Ashok

Gardens and Peninsula Technopark• Commencement of Ashok Towers Project

2005 • Developed low income housing project at Kanjur Marg

2006 • Acquisition of land to develop product specific SEZs in Goa• Merger of The Dawn Mills Company Limited with Peninsula• Raised US$ 38 million through the QIP route

2007 • Acquired land in Pune, Nashik & Nagpur

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KEY DIFFERENTIATORS

Page 8: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Peninsula Land - Key Differentiators

1

2

3

4

Reputed property developer with established brands

Growing across select cities in Western and Southern India

Strong project execution skills

Competent management team

Reputation for developing & completing projects in a timely mannerHistory of well executed projects with superior returns

Well recognized brands in commercial (Peninsula), residential (Ashok) & retail (Crossroads) sectorsBrand equity helps deliver superior pricing and strong pre-sales

Diversified pipeline into Tier 1, 2 and 3 cities in Western and Southern India

Experienced management with deep understanding of the real estate sectorProfessionally qualified staff including engineers, design consultants, marketing specialists, etcInnovative deal structuring capabilities

Focus on return on capitalInvest into land with a clear strategy to develop and sell within 3-5 yearsIn FY07, Peninsula achieved a return on equity of 43.7% & return on capital of 23.5%

5 Strategic relationship with realty fundLeverage relationship with realty fund to develop a broader mix of projects across geographies

8

6

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Reputable Property Developer with Established Brands1

1st Indian developer to develop an International style modern shopping mall -“CROSSROADS” in Mumbai1st Indian developer of an integrated shopping mall –“CR2” at Nariman Point, Mumbai

Retail

Amongst the earliest to develop private textile mill land into Mumbai’s most preferred office destinationCredible clients with strong pedigree

Office

Residential projects in Central Mumbai are largely pre-sold

Residential

AchievementsSegmentBrand

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Peninsula Land has developed established brands in each of the market segments, which is unique from other developers

Page 10: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Reputable Property Developer with Established Brands1

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Page 11: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Nagpur

Hyderabad

Bangalore

ChennaiCoimbatore

Pune

Mumbai

Ahmedabad

Mysore

Goa

Nasik

GOA: Pop - 1.4 million• India’s second richest state

(per capita GDP)• Considered major hub for

biotech and pharma in India• Home to the government’s

Biotechnology panel

CHENNAI (f.k.a. MADRAS): Pop – 6.7 million• Seaport with established

automobile and manufacturing base

• IT/BPO hub

HYDERABAD: Pop – 7.5 million• IT, bio-tech and industrial hub• New Outer Ring Road, airport,

expressways and metro rail being built

BANGALORE: Pop – 6.5 million• India’s “Silicon Valley,” center

for IT/research firms• Boasts offices for 66 Global

Fortune 500 companies• Further growth expected with

new airport

2 Focus on Select Cities in Western and Southern India

Peninsula Land’s investments are focused in the Southern and Western regions of India, and are diversified between Tier 1, 2 and 3 cities

MUMBAI: Pop – 16.3 million• Financial and business hub

of India• Home to both of India’s stock

Exchanges

Tier Cities

Tier 1 Bangalore, Chennai, Hyderabad, Mumbai

Tier 2 Ahmedabad, Goa, Pune, Nagpur

Tier 3 Coimbatore, Mysore, Indore, Nashik

PUNE: Pop – 3.8 million• Home to several esteemed

colleges and educational institutions

• Emerging IT Hub• Considered cultural capital of

Maharashtra

11Note: Statistics shown for select Tier 1 & 2 cities. Additional details on all cities in appendix

Cities already present inCities planning to enter

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Proven Project Execution Skills

Project Execution Process

Project Concept & Design

LandIdentification

Land Purchase

Project Execution & Management

Facilities Management

Sales & Marketing

3 – 6 months

3 -6 months

3–6 months

30–36 months

Varies

Medium/Long-term

3

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4 Competent Management Team

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Hardik DhebarHead –Group Treasury

Anil NoronhaHead – Group Human Resource

V HariharanGroup CFO

Jaydev ModyGroup Director

Urvi PiramalGroup Chairperson

Mahesh GuptaGroup Managing Director

Kausik NathHead - Group Legal & Secretarial

Ashok Piramal Group Structure

Ashwini SahasrabudheHead – Corporate & Strategic Planning

Page 14: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

4 Competent Management Team

Peninsula Land is a fully integrated real estate development and management company, with over 260 employees

TechnicalFinance & Accounts

14

NirupamaSaxena

Head Human Resources

3

DhrutiDholakiaHead Legal

8

Note: Numbers indicate team size

Rajeev PiramalExecutive Vice

Chairman

Rajesh JaggiManaging Director

RameshRanganathan

Head Investments Peninsula Realty

Fund6

SridherRengan

CFO Peninsula Realty Fund

3

AshishJoshiCFO

17

GiridharRajagolalan

Head – Project & Development

121

Sanjay Mhapankar

CEO Peninsula Facility 47

Purchase Systems Goa Pune Mumbai Marketing

Anil PanditChief Operating

Officer

61

Peninsula Land Organizational structure

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Upon creation of the Fund, Peninsula Land will not buy land independently, but will co-invest with the

fund up to 25%

Co-investment will be at the same time and at the same terms and conditions

None of Peninsula’s existing projects will be transferred to the fund

The Fund shall draw upon project management and facility management skills from Peninsula on arms

length basis (Based on current market trends at approx 5% – 7% of project revenue)

Alignment of interest between the Fund and Peninsula

Peninsula Realty Fund Details:Peninsula Land is raising a US$325 million fund for real estate land development

The fund will pursue investment opportunities that it believes will achieve IRR > 25%

Strategic Relationship with Realty Fund5

Page 16: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Strategic Relationship with Realty Fund

Leveraging the strategic relationship with a realty fund allows company to focus on its core competencies

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Peninsula has a complete alignment of interest with the realty fund

Core Competencies

Identifying and assessing potential markets and strategic locations based on in-depth analysisUnderstanding which asset class would be the best and highest use for the siteManaging relationships with land aggregators

Determining innovative building concepts and designsDefining a systematic and detailed development processManaging 3rd party service providers and construction contractorsPromoting and selling developed product to the market

5

Peninsula Land

Peninsula Realty Fund

Page 17: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Acquire land with an intention of immediate development - carrying land stock for 3 to 5 yearsCover the total project cost by part selling at the beginning of the project Prudent risk management at all levels with a focus on maximization of return on capital employed

Focus on Return on Capital

101.1%

44.5%

-7.4%-40%

0%

40%

80%

120%

FY05 FY06 FY07

Return on Equity

3.5%

22.2%

28.5%

0%

10%

20%

30%

40%

50%

FY05 FY06 FY07

Return on Capital Employed

Peninsula Land’s strategy enables it to achieve a high return on capital employed and equity

For the period ending March 2007, Peninsula achieved a return on equity of 43.7% and a return on capital of 23.5%

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Source: Company’s financial statements

Note: FY05 is 12 months (March 2004 – March 2005), FY06 is 15 months (March 2005 to June 2006), and FY07 is 9 months (July 2006 to March 2007)

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Grow presence in select locations in western & southern India through strategic partnerships

Leverage strong execution capabilities

Build diversified mix of projects

Business Strategy

Invest in select citiesCollaborate strategically with landowners

Strong capabilities in land identification and deal structuringGood reputation for working well with 3rd party services providers and contractorsSuperior track record for project execution and timely delivery

Development of Biotechnology and Gem and Jewellery SEZsSEZs

Develop integrated townships around select citiesTownships

Developments of IT Parks in Western India and South IndiaIT Parks

Development of world class retail space in and around IT Parks and townships

Retail

High end segment development in select locations in IndiaMid to high end segment development to be focused in Mumbai and Pune

Residential

Development of corporate office complexes in Tier I citiesCommercial

1

2

3

4

Reputed property developer with established brands

Growing across select cities in Western and Southern India

Strong project execution skills

Competent management team

5

Focus on return on capital

Key Differentiators Business Strategy

Flexible development strategyBuy land only for development in the near term, resulting in lower asset cycle and avoid land accumulation; provides flexibility to respond quickly to market changes

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Strategic relationship with realty fund / landowners

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Page 19: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

PROJECTS OVERVIEW

Page 20: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Projects Overview

1,155CommercialPeninsula Business Park

20CommercialBayside Mall

25ResidentialAshok House

800Low income housingKanjur Marg

37ResidentialPalm Beach Project

893CommercialPeninsula Corporate Park

57CommercialCenter Point

225RetailCR2

4,085Total:

Completed

Projects Under Execution

2,241Total:

897IT ParkPeninsula Technopark

899ResidentialAshok Gardens

1,077ResidentialAshok Towers

91CommercialPeninsula Centre

150Retail MallCrossroads

Approx. Square Feet (‘000)TypeProject Name

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Page 21: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Completed Projects

Crossroads - Retail- Project Area -150,000 sq ft- Project Start Date – March 1997- Project Completion Date – August 1999

Peninsula Corporate Park - Commercial- Project Area – 892,503 sq ft- Project Start Date – March 2002- Project Completion Date – January 2005

Palm Beach Project - Residential- Project Area – 37,000 sq ft- Project Start Date – June 2001- Project Completion Date – September 2004

Kanjur Marg – Low income housing project- Project Area – 800,000 sq ft- Project Start Date – December 2002- Project Completion Date – April 2005

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Page 22: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Completed Projects

Peninsula Centre- Project Area - 91,488 sq ft- Project Start Date – April 2001- Project Completion Date – January 2002

Bayside Mall- Project Area – 20,000 sq ft- Project Start Date – July 2003- Project Completion Date – May 2005

CR2- Project Area – 225,000 sq ft- Project Start Date – February 2001- Project Completion Date – November 2004

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Page 23: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Overview of Projects in Pipeline

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Area by Asset Class (in sq ft) Area by Geography (in sq ft)

Mumbai16%

Nashik12%

Goa34%

Pune38%

Gems & Jews SEZ5%

Biotech SEZ29% Residential

36%

Commercial8%

IT17%

Other5%

Page 24: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Current Projects

Ashok Towers - Residential- Project Area – 1,077,095 sq ft- Project Start Date – August 2004- Estimated Completion Date – July-December 2008- Approximately 600 residential units located at a

Premium site in Parel, Mumbai- More than 90% of the project is pre-sold

Ashok Gardens - Residential- Project Area – 898,920 sq ft- Project Start Date – April 2006- Estimated Completion Date – December 2008- More than 70% of the project is pre-sold

Peninsula Technopark - Commercial- Project Area – 896,585 sq ft- Project Start Date – March 2005- Estimated Completion Date – March 2009- JV with Swan Mills Ltd, the land owner, who is expected to pay for the cost of development- Peninsula Land is responsible for execution and management of the project, for 22% of the gross sales

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Peninsula Business Park - Commercial- Saleable Area –~1,154,960 sq ft- Project Start Date – July 2007- Estimated Completion Date – July 2009

Page 25: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Commercial Projects in pipeline

Goa SEZ – Biotech Park (Verna)- Developable Area – ~7,800,000 sq ft- Project Start Date – March 2008- Expected Completion Date – March 2014- Approved by the Board of Approvals- Awaiting Notification

Goa SEZ – Biotech Park (Sancoale)- Developable Area – ~3,300,000 sq ft- Project Start Date – March 2008- Expected Completion Date – March 2014- Approved by the Board of Approvals- Notified by competent authority

Pune - IT Park- Developable Area – ~4,900,000 sq ft- Project Start Date – January 2008- Expected Completion Date – March 2013- Approved by the Board of Approvals- Awaiting Notification 25

Goa SEZ – Gems & Jewellary Park (Verna)- Developable Area – ~1,400,000 sq ft- Project Start Date – March 2008- Expected Completion Date – March 2011- Approved by the Board of Approvals- Awaiting Notification

Projects Rationale

Capitalize on the growing biotech sector in IndiaLeverage Goa’s investment into pharmaceuticals

Inline with Goa Government's desire for eco-friendly SEZ development

Capitalize on the growing biotech sector in IndiaLeverage Goa’s investment into pharmaceuticals

Major IT, ITES and BPO hubEmerging location for new IT parks

Page 26: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Site is located ideally near the Mumbai expressway exitLeading IT & ITES companies opening offices in Nashik

Residential Projects in pipeline

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Nashik – Residential- Developable Area – 800,000 sq ft- Project Start Date – June 2008- Expected Completion Date – September 2010

Nashik – Integrated Township- Developable Area – 2,200,000 sq ft- Project Start Date – June 2008- Expected Completion Date – September 2013

RationaleProjects

Proximity to IT ParksSite abutting the Mumbai expressway exit and located in the outskirts of Pune city

Site is located ideally near the Mumbai expressway exitLeading IT & ITES companies opening offices in Nashik

Pune – Integrated Township- Developable Area – ~5,000,000 sq ft- Project Start Date – December 2007- Expected Completion Date – March 2013

Page 27: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

FINANCIAL HIGHLIGHTS

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Peninsula Land - Financial Snapshot

Peninsula Land has shown strong growth in earnings, stable EBITDA margins and has been acquiring land at a decent pace

Note: 1) Conversion rate of US$ 1 = Rs. 40.502) FY05 is 12 months (March 2004 – March 2005), FY06 is 15 months (March 2005 to June 2006), and FY07 is 9 months (July 2006 to March 2007)

2.4x2.9x20.9xDebt to EBITDA1.0x2.9x2.9xDebt to Equity

Balance Sheet Metrics

-93,2251,036,247Developed

53%56%26%% margin3237(2)PAT

43414EBITDA

Development in square feet

Profit & Loss Summary (US$ mm)

11%361%% growth817316Revenues

39%50%nm% margin

3,130,9751,976,0152,069,240Under development284,390269,6451,884,162Sold

FY 079 months

FY 0615 months

FY 0512 months

Page 29: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold
Page 30: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

APPENDIX

Page 31: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Overview– Transaction: Ashok Gardens and Peninsula Technopark– Size : Development of 898,920 square feet of residential

and 896,585 square feet of IT park – Investment : Rs 320 million (US$ 8 million)

Opportunity– Develop centrally located land parcels in Mumbai – Owner is a loss making textile company that was unable to dispose the land

parcels for past decade – Company had various issues reference to the regulatory body for stressed

assets, attachment of its properties by tax authorities and other overdue debt liabilities

Result– Purchased the development right, enabling the land owner to clear some of

the aforesaid issues– Organize funding from a single lender allowing the owner to repay its

outstanding debt to multiple lenders to establish a clear land title– The land, cost of construction and other liabilities remain with the owner – Peninsula receives 22% of the revenue from the project– Development of the residential project to be completed in December 2008 but

Peninsula has already pre-sold 70% of the project. – IT park will be completed in 2 phases of 2 buildings each by March 2009

Ashok Gardens

Peninsula Technopark

Proven Investment Strategy – Case Study I

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Overview– Transaction: Peninsula Business Park (Dawn Mills)– Size : Development of ~1,155,000 square feet IT park– Investment : Share Swap no cash outflow to Peninsula

Opportunity– Leverage on the success of Peninsula Corporate Park by creating a

similar landmark development in central Mumbai– Owner is a textile company that stagnated in growth and that is looking

to exit the business by selling its land– Peninsula had significant exposure to textile mill land embroiled with

litigation at the Apex court of the county

Result– Bought out the stake from the promoters of The Dawn Mills Company

Limited (DMCL) and then through open offer consolidated their stake to 72.6% for a consideration of Rs. 1,200 million (US$ 30 million)

– Following a favorable outcome of the mill land litigation, DMCL was merged with Peninsula by share swap as Group committed to do all its development through its publicly listed company

– ~1,155,000 square feet of developable centrally located, prime land now accessible to Peninsula

Peninsula Business Park

Proven Investment Strategy – Case Study II

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Overview– Transaction: Crossroads– Size : Development of 150,000 square feet Retail mall– Investment : Rs 400 million mainly cost of refurbishment

Opportunity– Create a signature development to establish the Groups foray into real

estate development sector– Existing pharmaceutical factory building available as factory moved to

different more cost effective location– Group had a choice to sell of the land as it was premier parcel or create

value from the existing piece of land available

Result– Group took a call to experiment with development thus exploring entry

into a new business sector.– Due to regulations and law bringing down the existing structure and

creating a new development not feasible– Refurbished the existing factory building including creation of a

basement car park under the existing structure to convert into a first one of its kind retail mall in the country in the year 1999.

– Successfully leased out the mall to some of the most reputed national and international brands and held the investment up to 2006 (7 years) before exiting from the investment by way of sale

– Initial investment – Rs. 400 million (US$ 10 million)

Crossroads

Proven Investment Strategy – Case Study III

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Selected target markets

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- Declared Old Mahabalipuramas IT Corridor and is actively developing supporting infrastructure- Drive to be automobile capital of India, encouraging huge FDI investments to improve city infrastructure

- Sanctioned 33-km long city Metro rail project- Identified an ‘IT Corridor’ in the city, expected to spend US$ 50 million over the next two years in developing infrastructure

- New international airport, metro rail project- Aiming to project city as the prominent technological and biotech hub

- Development of major roads, including over 50 new flyovers, - Development of satellite towns, Bandra Worli Sea Link, new Navi Mumbai Airport

Government plans / Initiatives

Infrastructure

Nokia, Infosys, Wipro Spectramind, Cognizant, Satyam, Accenture, Ford Motors, World Bank, Ford, Hyundai

Infosys, Wipro, IBM, Accenture, Microsoft, Intel, Oracle, Motorola, TI, HP

Dell, Microsoft , Infosys, Virtusa, Oracle, GE Capital, Deloitte Consulting, Dr. Reddy's Laboratories

Times of India, HDSC, Satellite Television

Major Employers

IT, petrochemicals, auto, auto components

IT, BPOIT, ITES, biotechFinancial Services, IT, ITES, media, entertainment, healthcare

Major Industries

Economic

73%71%72%86%Literacy Rates

21%38%32%30%Population Growth (1991-2001)

6.76.57.516.3Urban Population (millions)

Demographic

- Seaport with established automobile and manufacturing base - Emerging IT/BPO hub

- India’s “Silicon Valley,”IT/research firms- Accounts for 38% of India’s software exports- Further growth expected with airport

- Major IT, bio-tech and industrial hub- New Outer Ring Road, expressways and metro rail being built

- India’s commercial and financial services hub- Development of satellite towns, including Bandra, and Navi Mumbai

Investment Rationale

ChennaiBangaloreHyderabadMumbai

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Selected target markets

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- Plans to continue to establish Goa as a biotech/pharma hub for India

Dr. Reddy’s Laboratories, Glenmark, Watson, Barr Labs, Unichem Labs, IndcoRemedies, Karalla Healthcare, Ranbaxy

Pharma, biotech, tourism

82%

15%

1.4

- Hub for pharma activity

Goa

- Developing expressway between Mumbai and Nasik- Plans to develop as a satellite city around Mumbai

- Proposed investments into traffic sector, drainage, and slums

- Support the Development to become a mega city in India

Government plans / Initiatives

Infrastructure

WNS, Infosys, Lake SystemsBajaj Auto, Tata Motors, DaimlerChrysler, Kinetic Engineering, Force Motors, Cummins Engines, Eaton Corp, Frito Lay, Coca Cola, Wipro, Accenture, Convergys, Infosys BPO, IBM, Red Hat, Dell

Tata Consultancy Services, Satyam Computers, Wipro

Major Employers

IT, ITES, BPOIT, ITES, BPO, 2-wheel manufacturing, food manufacturing

Education, IT, ITES, BPO, Major Industries

Economic

NA81%80%Literacy Rates

59%51%36%Population Growth (1991-2001)

1.43.74.5Urban Population (millions)

Demographic

- Emerging IT/ BPO hub- Major IT/ BPO hub- Financial Center of Gujarat- Increasing affluence

Investment Rationale

NasikPuneAhmedabad

Page 36: Peninsula Land Limited Meet/103031_20070731.pdf · developments across 3 brands – Ashok (residential), Peninsula (commercial & IT), and Crossroads (retail) Has developed and sold

Selected target markets

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- Benefit from its close proximity to Bangalore to attract companies and talent

Infosys, Wipro, Microsoft, Dell, SPI, Comat Technologies, Hinduja, MedSoft USA, Acusis, Excel Sot, KaveriTechnologies, SDD Global Solutions, iROBOT

IT, ITES, BPO, manufacturing

83%

22%

1

- Emerging IT/ BPO hub- Greater Connectivity with Bangalore

Mysore

- Nagpur SEZ to support the development of the IT/ITES industry- Boeing to set up an SEZ in Nagpur

- Known to be the 'Motor Sports Capital of India

Government plans / Initiatives

Infrastructure

Mahindra and Mahindra, Bajaj Auto, International Combustion, Candico, Sanjay Group, Satyam, L&T Infocity

CG-Vak Software, KG Information Systems, TCS, Spheris India, JayemAutomotives

Major Employers

Textiles, IT, manufacturingAuto parts, healthcare, education, textiles, engineering

Major Industries

Economic

89%78%Literacy Rates

28%32%Population Growth (1991-2001)

2.42Urban Population (millions)

Demographic

-Cargo hub-Emerging MRO hub for airlines-Strong Food processing industry

- Textile & auto components hub

Investment Rationale

NagpurCoimbatore

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Mr. Rajesh JaggiManaging Director

Over 11 years of experience in managing real estate development projects with in-depth exposure to marketing and sales of retail, commercial and residential space. Head of business development since 1999 He holds an MBA in finance from Babson Graduate School of Business, Boston

Mr. Rajeev PiramalExecutive Vice Chairman

Over five years in the real estate sector, during which time he has been responsible for the management and operations of retail properties, as well as expanding the land bank of the Company. Completed a BBA from Cleveland, USA

Mr. V. HariharanGroup CFO

Over 30 years of experience in all aspects of accounting and finance functionsMember of Institute of Chartered Accountants of India and Institute of Company Secretaries of India

Key Management Team

Key management team members have significant expertise

Mr. Mahesh GuptaGroup Managing Director

Over 30 years of experience in finance functions, including treasury, M&A, operational review, strategic planning, direct taxation and corporate law mattersAwarded CFO of Year Award, Special Commendation for Financial Excellence (M&A Category) by IMAHolds an law degree and is a member of the Chartered Accountants of India and Institute of Company Secretariats of India

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Ms. Urvi PiramalGroup Chairperson

Over 22 years of experience managing diversified businesses across a number of sectorsRecipient of several prestigious awards, including Qimpro Gold Standard Award, Outstanding Industrialist Award, and the Cheminor AwardHolds a Sciences degree and attended Harvard Business School’s Advance Management Program

Mr. Jaydev ModyDirector

Over 20 years of experience in development of office & residential premises including shopping malls, office premises and other buildingsChairman, Arrow Webtex Ltd, manufacturer of narrow woven fabrics & printed labels

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Mr. Ashish JoshiCFO

Over 12 years of experience in the field of Finance, Business Planning and Accounts in diverse industries like Telecom, Logistics and manufacturingMember of Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India

Mr. Giridhar RajagopalanSenior VP, Projects

Over 27 years of professional experience in the construction industryHolds a Bachelors degree in civil engineering (B E -Civil) from Mumbai University, with a specialisation in pre-stressed concrete bridges and public health engineering

Mr. Sanjay MhapankarCEO, Peninsula Facility

Management

Over 25 years of diverse experience in different industries, including hospitality, banking, information technology, telecommunications, BPO and constructionOver 17 years of experience in multi-national companiesHolds a degree in law and postgraduate qualifications in computer management

Key Management Team

Key management team members have significant expertise

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Mr. Anil PanditChief Operating Officer

Over 21 years of experience in real estate project management & execution as well as in business developmentHolds an MBA in Finance from IGNOU and a Bachelors in Chemical Engineering from IIT Roorkee