Results Presentation FY 2015

Company overview

Trusted Brand

Strong existing clientele

Focus on 3 cities

Mumbai, Pune and

Bangaluru

Fully Paid-for land Focus on Execution

Pioneer in Mumbai real estate market

First retail mall in the city

First textile mill re-development project in the city

One of the first companies to get listed on stock exchanges

Executed projects with market value of over Rs 14000 Crores

CNBC Awaz Award for Peninsula Business Park for best

commercial building in Mumbai

Access to multiple sources of capital :

Joint Ventures, Joint Development and PMC with Land

Owners

Private Equity, Mutual Funds, and Financial institutions

Of track record of

real estate development

17 Years

Of project development

track record

6.4 million sft

Projects under development

& in pipeline

18.6 million sft

Professionals with vast

real estate experience

370

2

Milestones

Foray into real estate development business

Developed “Crossroads” – one of the earliest malls catering to international standards in Mumbai

Developed Peninsula Corporate Park – 1st mill redevelopment project in Mumbai

Developed low income housing project at Kanjur Marg

Raised Rs 156 Cr

through QIP

Raised Rs 525 Cr

through QIP

Acquisition of projects in South

Mumbai, Pune , Bengaluru and other

Tier 2 cities

Completed

Ashok Towers at

Parel

Completed Ashok Gardens

at Parel

Acquisition of Celestia

spaces and Completed

development of Peninsula

Technopark and Peninsula

Business Park

2014

Acquisition

of NGE,

Byculla

Pipeline of

18.6mn sq ft

in west and

south India

2012

2011

20102009

2008

2006

2005

2003

1999

1997

2013

JV with Brookfield, Canada

for Real Estate fund

management

3

Ashok Towers

Location : Parel, South Central Mumbai

Saleable Area : 1.1 mn sq ft, (18 acres) comprising of four towers of 30-50 floors

Configuration : 550 apartments comprising of studios 2, 3, 4, 5 BHK , penthouses and

garden duplex

Project USP: 85% of project open to sky, very rare in Mumbai

Peninsula

Corporate Park

First textile mill redevelopment project in Mumbai.

Location : Lower Parel, South Central Mumbai

Saleable Area : 0.9 mn sq ft (11.90 acres)

Occupants : Vodafone,Disney, Loreal, KKR, Piramal Enterprises, Amarchand

Mangaldas, Reuters, Capital First

Peninsula

Business Park

Location : Lower Parel, South Central Mumbai

Saleable Area : 1.3 mn sq ft (6.5 acres), comprising of two towers of 20 floors each

Occupants : Cipla, HDFC Group, Tata Capital, Tata AIG, Rabo Bank, Jones Lang Lasalle,

DCB

Sold one tower at under construction stage to Alok Industries for Rs. 1,100 Cr as a

project de-risking strategy in 2007

Developed marquee destinations in Mumbai

4

Ashok Gardens

Location : Sewree, Central Mumbai

Saleable Area : 0.9 mn sq ft (12 acres) comprising of two 23 storey buildings with

three wings each

Configuration : 650 apartments comprising of 2,3,4 & 5 BHK apartments

Peninsula Techno

Park

Location : Kurla off BKC

Saleable Area : 0.9 mn sq ft (5.6 acres) of IT / ITES park

Occupant : Sold to Essar Group for 1,275 Cr

CR2

Location : Nariman Point, South Mumbai

Saleable Area : 0.2 mn sq ft

Configuration : Mall-cum-Multiplex with 8 floors of parking for ~500 cars

Developed as a JV with Larsen & Toubro

Occupants are some of the biggest international Brands

Crossroads

Location : Tardeo, South Mumbai

Developed in 1999, India’s first shopping mall with international standards

Saleable Area : 0.2 mn sq ft

Developed marquee destinations in Mumbai (contd…)

5

44%

50%

6%

Residential

Commercial

Retail

1997-2004 (0.3 mn sq ft) 2005-2009(2 mn sq ft) 2010-2014 (4.1 mn sq ft)

Peninsula Centre Peninsula Corporate Park Peninsula Business Park

Palm Beach Bayside Mall Peninsula Technopark

Crossroads CR2 Center point

Kanjurmarg Ashok Towers

Ashok Gardens

0.3

2.0

4.1

0

1

2

3

4

5

1997-2004 2005-2009 2010-2014

(mn sq ft)

Execution track record

Company poised to deliver 2x of it’s past delivery over the next 5 years

6

Urvi Piramal

Group Chairperson

> 29 years experience of managing diverse

business

Recognitions for her exemplary work include

the Qimpro Gold Standard Award,

Outstanding Industrialist Award and

Cheminor Award

Rajeev Piramal

Vice Chairman & Managing Director

Leads strategy for PLL ; actively oversees

expanding land bank , making acquisitions

and development of properties

Selected in top 50 young achievers by a

popular business magazine

Co-Chair at FICCI real estate committee

Mahesh Gupta

Group Managing Director

> 3 decades of experience in all facets of

management including M&A , strategic

planning, treasury, corporate law and

operational turnaround

Awarded ‘’ CFO of the year ‘’ in 2001 and

Special Recognition for Financial Excellence

by IMA , and ICAI recognition in 2014.

Leadership team

Board members committed to best Corporate Governance Practices

Bhavna Doshi

Expertise: Taxation, Audit and Finance

Senior advisor to KPMG

Has been member and advisor of various business bodies,

ICAI

Ajay Dua

Expertise: Policy Making and Strategy

Former Secretary in Ministries of Industries and

Commerce, GOI. Has worked as Chairman/MD of

NHPC/REC, MHADA

Pradipta

Mahapatro

Expertise: Maagement and Strategy

Previously Chairman of Confederation of Indian Industries

and President of Madras Management Association

Sudhindra

Khanna

Expertise: Strategy, Re-engineering & Technology

Retired from Accenture as Global Managing Partner

D. M. Popat

Expertise : Legal

Senior partner at Mulla & Mulla & Craigie Blunt &

Caroe

Lt. Gen.

Deepak

Summanwar

Expertise: Management, Operations, Risk Assessment

& Leadership

Kargil war veteran and recipient of Uttam Yudha Seva

Medal

Experienced Board of Directors

7

FY14 ���� Focused on improving execution through cluster approach

Worked with Accenture to ensure cost sensitivity, schedule adherence and faster

decision making

Reorganized into a project based structure and empowered operational teams with

clear business goals

FY15 ���� Partnered with IBM to revamp sales and marketing

Identified gaps in our processes and laid down a roadmap for change

Improve our knowledge of competitors and customers, establish a channel

operating model and increase sales velocity through better conversion

Bring rigour to performance measurement

FY14-15 - Period of multiple initiatives ���� to bear fruit FY16 onwards

Conscious decision to strengthen execution before sales so as not to falter on deliveries

and customer expectations

8

Strategy in place for next level of Growth

Consolidate presence in Mumbai, Bangalore and Pune

Execution led strategy � Cluster approach to ensure faster, better and efficient

execution and delivery

Sell better � Partnered with IBM to improve processes and increase sales velocity

through innovative and multiple channels and technology

Improve & inculcate a high performance culture � create a sense of urgency in both

execution and sales

Asset light strategy with focus on reducing leverage

9

Mumbai, Pune and Bengaluru remain our focus

Presence in Key urban Tier 1 & 2 Cities in Western & Southern India

Completed Ongoing Pipeline

No of Projects Area (mn sq ft) No of Projects Area (mn sq ft) No of Projects Area (mn sq ft)

Mumbai 12 6.4 4 1.5 2 1.2

Pune 1 0.5 2 12.3

Bengaluru 1 0.6 1 0.6

A 12 6.4 6 2.6 5 14.1

Others

Nashik 1 0.6

Goa 1 0.3

Alibaug 2 0.7

Lonavala 1 0.3

B 0 0 3 1.2 2 0.7

A+B 12 6.4 9 3.8 7 14.8

Robust pipeline and renewed geographic focus

10

Project Status of Ongoing Projects

46%

23%

67%

14%

40%

0%

9%

18%

247

352

589

618

498

136

479

86

Ashok Beleza, Goa

Ashok Nirvaan, Lonavala

Ashok Astoria, Nashik

Ashok Heights, Bengaluru

Ashok Meadows (Phase 1), Pune

Carmichael Residences, Mumbai

Celestia Spaces (PLL Share), Mumbai

Bishopsgate, Mumbai

% Work Completion Saleable Area (000’s sq ft.)

Planned Dateof completion

Q4 FY 16

Q4 FY 17

Q1 FY 17

Q2 FY 17

Q4 FY 16

Q2 FY 18

Q4 FY 18

Q4 FY19

Operational launch of 3 large projects in FY16, Ashok Meadows Phase 2, Mamurdi Phase 1 & New Great Eastern, Byculla

11

Business Updates

Business Updates in FY 15 vs F 14

New Sales Bookings / Collections

Sold 417,705 sq ft during FY15 as against 235,650 sq ft during FY 14

Recorded new sales value of Rs. 810 Cr during FY15, as against Rs 288 Cr during FY 14

Collections were at Rs. 324 Cr for FY 15, as against Rs. 185 Cr during FY 14

New Sales Launch

Sales Launch of 2 projects; namely Ashok Heights-Bengaluru , Carmichael Residences-Mumbai

Soft-launch of New Great Eastern, Byculla Mumbai.

Financial Performance

Revenue – Rs. 294 Crs FY 15 V/s Rs. 373 Crs FY 14

EBITDA – Rs. 120 Crs FY 15 V/s Rs. 155 Crs FY 14

PAT – Rs. (6) Crs FY 15 V/s Rs. 49 Crs FY 14

13

Business Updates in Q4 FY 15

New Sales Bookings / Collections

Sold 118,529 Sq ft during Q4 FY15 as against 79,071 sq ft during Q4 FY 14

Recorded new sales value of Rs. 291 Cr during Q4 FY15, as against Rs.101 Cr during Q4 FY 14

Collections were at Rs. 75 Cr for Q4 FY 15, as against Rs. 56 Cr during Q4 FY 14

Financial Performance

Revenue – Rs. 44 Crs Q4 FY 15 V/s Rs. 101 Crs Q4 FY 14

EBITDA - Rs. 13 Crs Q4 FY 15 V/s Rs. 33 Crs Q4 FY 14

PAT - Rs. (14) Crs Q4 FY 15 V/s Rs. 1 Crs Q4 FY 14

14

Projects Overview

Summary of Ongoing projects and inventory - FY 2015

Projects

PLL

Share

(%)

Up to last Quarter Q4 Total

Collection

(Rs. Crs)

in Q4

No.

of

units

Area

Sold

sq ft

Sales

Value

Rs.Cr

Avg.

Reali-

zation

Rs./sqft

No.

of

units

Area

Sold

sq ft

Sales

Value

Rs. Cr

Avg.

Reali-

zation

Rs./sqft

No.

of

units

Area

Sold

sq ft

Sales

Value

Rs. Cr

Avg.

Reali-

zation

Rs./sqft

Bishopsgate 50% 1 7,790 59 75,738 1 7,790 59 75,738 2 15,580 118 75,738 -

Celestia Spaces(PLL Share) 100% 23 42,073 94 22,367 14 28,156 71 25,241 37 70,229 165 23,519 14

Carmichael Residences 40% 2 10,428 84 80,552 1 5,214 41 77,675 3 15,642 125 79,593 5

New Great Eastern, Byculla 57% 18 25,200 58 23,185 16 33,776 83 24,718 34 58,976 142 24,063 9

Ashok Meadows(Phase 1) 55% 47 63,005 34 5,426 4 4,775 3 5,688 51 67,780 37 5,479 1

Ashok Heights, JP Nagar 80% 16 68,190 65 9,512 7 29,060 28 9,546 23 97,250 93 9,522 1

Ashok Astoria 100% 8 11,050 5 4,385 - - 8 11,050 5 4,385 2

Ashok Nirvaan 25% 1 9,662 6 6,531 - - 1 9,662 6 6,531 1

Ashok Beleza 58% 4 1,142 1 6,024 2 9,758 6 6,186 6 10,900 7 6,471 -

Total(A) 120 238,540 407 45 118,529 291 165 357,069 698 34

Peninsula Business Park, (B) 100% 60,636 112 18,989 60,636 112 18,989 41

Grand Total (A+B) 299,176 519 45 118,529 291 165 417,705 810 75

16

Projects

Saleable

Area (sq ft

in 000’s)

LocationPLL Share

(%)

Area Sold

(sq ft in

000’s)

Sales Value

(Rs. Cr)

Average

Realization

(Rs. / sq ft)

Collections

(Rs. Cr)

Residential-Ongoing

Bishops Gate 86 Mumbai 50% 62 467 74,960 161

Celestia Spaces(PLL Share) 479 Mumbai 100% 127 290 22,870 77

Carmichael Residences 136 Mumbai 40% 26 159 60,798 49

New Great Eastern, Byculla 776 Mumbai 57% 59 142 24,063 16

Ashok Meadows (Phase 1) 498 Pune 55% 322 159 4,930 57

Ashok Heights, JP Nagar 618 Bengaluru 80% 97 93 9,522 3

Ashok Astoria 589 Nashik 100% 293 101 3,467 83

Ashok Nirvaan 352 Lonavala 25% 115 78 6,779 30

Ashok Beleza 247 Goa 58% 55 33 6,078 11

Total 3,781 1,157 1,522 488

Summary of Ongoing projects – till Mar ‘15 (cumulative)

17

Project

Area

Sold

(sq ft ‘000s)

Sale

Value of

Area Sold

(Rs. Cr)

% of Sales

Complete

Work

Completion

Revenue

Recognized

(Rs. Cr)

Balance

Revenue

to be

Recognized

on sale portion

(Rs. Cr)

PLL

Share

Balance

Revenue

to be

Recognized

PLL Share

(Rs. Cr)

Bishopsgate 62 467 73% 18% - 467 50% 234

Celestia Spaces, Bhattad 127 290 26% 9% - 290 100% 290

Carmichael Residences 26 159 21% - - 159 40% 64

New Great Eastern 59 142 8% - - 142 57% 81

Ashok Meadows,

Hinjewadi Phase I322 159 66% 40% 135 26 55% 14

Ashok Heights, JP Nagar 97 93 16% 14% - 93 80% 74

Ashok Astoria, Nasik 293 101 50% 67% 68 33 100% 33

Ashok Nirvaan, Lonavala 115 78 33% 23% - 78 25% 20

Ashok Beleza, Betim Goa 55 33 22% 46% - 33 58% 19

Total 1,157 1,522 203 1,320 828

Unrecognized revenue from ongoing projects

18

*Land acquisition complete and cost fully paid for

Project pipeline

ProjectsSaleable Area

(sq ft In ‘000s)Location

Development

ModelPLL Share (%)

Land cost*

(Rs. Cr)JV Partner

Celestia Spaces, Sewree Phase 2 1,200 Mumbai JVPMC of 8% +

JV of 18%- Bhattads

NapeanSea Road 49 Mumbai JV 78% 124Peninsula Realty

Fund

Mahadeopura 631 Bengaluru Owned 100% 76 -

Ashok Meadows –

Phase 2 and 31,502 Pune JV 55% 113

Peninsula Realty

Fund and

Clover group

Tathavade 772 Pune JV 56% 75Delta & Clover

group

Mamurdi Gahunje 10,000 Pune Owned 100% 360 -

Sogaon, Alibaug 638 Alibaug JV 85% 32 Samira Habitat

Saral 50 Alibaug Owned 100% 2 -

Total 14,842 782

19

*Leased out portion of Peninsula Business Park to Rabobank, has been sold in Q3.

Piramal Chambers has been given on lease to Income Tax & Central Excise Offices

Annuity Income

Project Type Area (sqft) Rentals (Rs. Cr)

Q1 Q2 Q3 Q4

Piramal Chambers 91,000 4 4 4 6

Piramal Chambers 39,000 2 2 2 4

Peninsula Business Park* 30,000 1 1 1 -

Total 160,000 7 7 7 10

Particulars Area (sq ft)

Saleable area of Peninsula Business Park 1,294,737

Total Sold upto 31 March 15 (Avg Rate Rs 17,408/sqft)** 1,285,167

Area available for Sale / Lease 9,570

**Last sale done 29,565 sq ft at Rs. 18,000/- per sq ft

Completed Commercial Office building

Annuity income and completed inventory

20

Bishopsgate

Location

PLL

Share JV Partner

Saleable Area

(000’s sq ft.)

Mumbai 50% KBK Group 86

Nos.

Of units

Area

Sold

(‘000 sq ft )

Sales

Value

(Rs.Cr)

Avg.

Realization

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 0 - - - -

Q2, FY 15 1 8 59 75,738 -

Q3, FY 15 - - - - 1

Q4, FY 15 1 8 59 75,738 -

FY15 2 16 118 75,738 1

Till Date 8 62 467 74,959 161

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 11% 55%

Till Q2, FY 15 12% 64%

Till Q3, FY 15 13% 64%

Till Q4, FY 15 18% 73%

21

March 2014

Bishopsgate-Current status

CURRENT STATUS

22

Celestia Spaces (PLL Share)

Location

PLL

Share JV Partner

Saleable

Area

(000’s sq ft.)

Mumbai 100% - 479

Nos.

of

units

Area

Sold

(‘000

sq ft )

Sales

Value

(Rs.Cr)

Avg.

Reali-

zation

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 8 13 29 22,358 4

Q2, FY 15 4 6 16 24,068 5

Q3, FY 15 11 23 49 21,884 8

Q4, FY 15 14 28 71 25,241 14

FY15 37 70 165 23,519 31

Till Date 67 127 290 22,870 77

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 3% 15%

Till Q2, FY 15 5% 16%

Till Q3, FY 15 7% 21%

Till Q4, FY 15 9% 26%

23

Celestia Spaces-Current Status

March 2014 CURRENT STATUS

24

Location

PLL

Share JV Partner

Saleable Area

(000’s sq ft.)

Mumbai 40% KBK Group 136

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 - -

Till Q2, FY 15 - -

Till Q3, FY 15 - 8%

Till Q4, FY 15 - 21%

25

Carmichael Residences

Nos.

of unitsArea Sold

(‘000 sq ft )

Sales

Value

(Rs.Cr)

Avg.

Realization

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 - - - - -

Q2, FY 15 - - - - -

Q3, FY 15 2 10 84 80,552 4

Q4, FY 15 1 5 41 77,675 5

FY15 3 16 125 79,593 9

Till Date 5 26 159 60,798 49

25

Carmichael Residences-Current Status

March 2014 CURRENT STATUS

26

New Great Eastern, Byculla

Location

PLL

Share JV Partner

Saleable Area

(000’s sq ft.)

Byculla,

Mumbai57% PREI Fund 776

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 - -

Till Q2, FY 15 - -

Till Q3, FY 15 - 3%

Till Q4, FY 15 - 8%

Nos.

of unitsArea Sold

(‘000 sq ft )

Sales

Value

(Rs.Cr)

Avg.

Realization

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 - - - - -

Q2, FY 15 - - - - -

Q3, FY 15 18 25 58 23,185 7

Q4, FY 15 16 34 84 24,718 9

FY15 34 59 142 24,063 16

Till Date 34 59 142 24,063 16

27

Ashok Meadows (Phase 1)

Nos.

of unitsArea Sold

(‘000 sq ft )

Sales

Value

(Rs.Cr)

Avg.

Realization

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 28 38 21 5,374 12

Q2, FY 15 11 14 8 5,511 4

Q3, FY 15 8 11 6 5,503 1

Q4, FY 15 4 5 3 5,688 1

FY15 51 68 37 5,479 18

Till Date 215 322 159 4,930 57

Location

PLL

Share JV Partner

Saleable Area

(000’s sq ft.)

Hinjewadi,

Pune55%

Peninsula Realty

Fund & Clover498

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 19% 60%

Till Q2, FY 15 21% 63%

Till Q3, FY 15 24% 65%

Till Q4, FY 15 40% 66%

28

Ashok Meadows (Phase 1)-Current Status

March 2014 CURRENT STATUS

29

Ashok Heights, JP Nagar

Location

PLL

Share JV Partner

Saleable Area

(000’s sq ft.)

Bengaluru 80%Peninsula

Realty Fund618

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 - -

Till Q2, FY 15 8% -

Till Q3, FY 15 9% 11%

Till Q4, FY 15 14% 16%

Nos.

of unitsArea Sold

(‘000 sq ft )

Sales

Value

(Rs.Cr)

Avg.

Realization

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 - - - - -

Q2, FY 15 - - - - -

Q3, FY 15 16 68 65 9,512 2

Q4, FY 15 7 29 28 9,546 1

FY15 23 97 93 9,522 3

Till Date 23 97 93 9,522 3

30

Ashok Heights, JP Nagar-Current Status

March 2014 CURRENT STATUS

31

Ashok Astoria

Location

PLL

Share JV Partner

Saleable Area

(000’s sq ft.)

Nashik 100% - 589

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 63% 49%

Till Q2, FY 15 65% 50%

Till Q3, FY 15 67% 50%

Till Q4, FY 15 67% 50%

Nos.

of unitsArea Sold

(‘000 sq ft )

Sales

Value

(Rs.Cr)

Avg.

Realization

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 7 9 4 4,284 4

Q2, FY 15 4 7 3 4,442 3

Q3, FY 15 (3) (4) (2) - 1

Q4, FY 15 - - - - 2

FY15 8 11 5 4,385 10

Till Date 179 293 101 3,467 83

32

CURRENT STATUS

33

Building 2A Building 2B Building 2C

Plaster & LMR work in progress

Row Houses & Town Homes Amenity-1, work in progress Club House

Ashok Astoria-Current Status

33

Ashok Nirvaan

Location

PLL

Share JV Partner

Saleable Area

(000’s sq ft.)

Lonavala 25%Peninsula

Realty Fund 352

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 18% 30%

Till Q2, FY 15 19% 30%

Till Q3, FY 15 20% 33%

Till Q4, FY 15 23% 33%

Nos.

of unitsArea Sold

(‘000 sq ft )

Sales

Value

(Rs.Cr)

Avg.

Realization

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 - - - - 1

Q2, FY 15 - - - - -

Q3, FY 15 1 10 6 6,531 3

Q4, FY 15 - - - - 1

FY15 1 10 6 6,531 5

Till Date 15 115 78 6,780 30

34

Villa No-7Villa No-29

Villa No-36

Villa No-41

Villa No-51Villa No-45

35

CURRENT STATUS

Ashok Nirvaan-Current Status

35

Ashok Beleza

Location

PLL

Share JV Partner

Saleable Area

(000’s sq ft.)

Goa 58%Peninsula

Realty Fund247

Construction

Milestone

% Sales

Completion

Till Q1, FY 15 39% 20%

Till Q2, FY 15 41% 22%

Till Q3, FY 15 42% 18%

Till Q4, FY 15 46% 22%

Nos.

of unitsArea Sold

(‘000 sq ft )

Sales

Value

(Rs.Cr)

Avg.

Realization

(Rs./sqft)

Collection

(Rs. Cr)

Q1, FY 15 3 5 3 5,901 2

Q2, FY 15 2 5 3 5,897 1

Q3, FY 15 (1) (9) (5) 6,350 (3)

Q4, FY 15 2 10 6 6,186 -

FY15 6 11 7 6,471 -

Till Date 22 55 33 6,078 11

36

C 7/8, at Finishing Stage

Club House in progress

C 21-22, Hardscape work in progress

B 4/5/6, Finishing stage C 1, Sloping slab in progress

Sales office and Show Villa

37

Ashok Beleza-Current Status

CURRENT STATUS

37

Financials Overview

Key financial snapshot (standalone)

Particulars (Rs. Cr)

For the year

ended

31.03.15

For the year

ended

31.03.14

Income Statement

Income from Operations 161 271

Profit before interest & Tax 112 149

PBT (19) 50

Tax Provision (12) 1

PAT (6) 49

Balance Sheet

Net worth 1,506 1,532

Debt 1,753 1,290

Debt: Equity (x) 1.16 0.84

Dividend (%) 15% 20%

39

Profit and Loss (standalone)

P&L Snapshot (Rs. Cr) FY2015 FY2014

Income

Total Income from operations (Gross) 161 271

Other Income 133 102

Total Revenue 294 373

Expenses

a) Cost of Realty Sales 80 114

b) Employee Benefit expenses 50 55

c) Depreciation 8 6

d) Other Expenses 43 49

Total (a+b+c+d) 182 223

Profit before Interest , Tax & Exceptional Items 112 149

Finance costs 141 99

Profit/(Loss) before Tax & Exceptional items (28) 50

Exceptional items 10 -

Profit/(Loss) before Tax (18) 50

Provision for Tax (12) 1

Profit/(Loss) After Tax (6) 49

40

Balance Sheet (Rs. Cr) 31st March, 2015 31st March, 2014

Equity and Liabilities

Shareholders’ Funds

Share Capital 56 56

Reserves & Surplus 1,450 1,476

Total (Shareholders Funds) 1,506 1,532

Borrowings

Non Current Debt 1121 751

Current Debt 632 539

Total (Borrowings) 1,753 1,290

Current & Other Liabilities

Trade payables 117 103

Other liabilities 234 160

Provisions 15 15

Total (Current & Other Liabilities ) 366 278

Grand Total 3,626 3,100

Balance Sheet (standalone)

41

Balance Sheet (Rs. Cr) 31st March, 2015 31st March, 2014

Assets

Fixed Assets 56 53

Non-Current Investments 693 271

Loans and Advances 1,297 1,242

Current Assets

Inventories 998 897

Trade Receivables 115 253

Cash & Cash Equivalents 248 222

Other current assets 219 162

Total (Current Assets) 1,580 1,534

Grand Total 3,626 3,100

Balance Sheet (standalone) (contd…)

42

Particulars (Rs. Cr) Year ended 31.03.15 Year ended 31.03.14

Standalone

Total Debt 1,753 1,290

Less: Cash & Cash equivalents 248 222

Net Debt 1,505 1,068

Net Worth 1,506 1,532

Debt Equity – Gross Borrowing (x) 1.16 0.84

Debt Equity – Net Borrowing (x) 1.00 0.70

Consolidated

Total Debt (Adjusted)* 1,827 1,402

Less: Cash & Cash equivalents 293 278

Net Debt 1,534 1,124

Net Worth 1,471 1,499

Debt Equity – Gross Borrowing (x) 1.24 0.94

Debt Equity – Net Borrowing (x) 1.04 0.75

ICRA and Brickworks A rating for long term loan and A1 for Short term loan

Loan repayable within a year is Rs. 393 Cr and Weighted Average Cost of Borrowings is 13.2% p.a

Debt profile

* After netting quasi-equity of partners

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By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations:

• This document has been prepared for information purposes only and is not an offer or invitation or recommendation to buy or sell any securities of

Peninsula Land Limited (the “Company”), nor shall part, or all, of this document form the basis of, or be relied on in connection with, any contract

or investment decision in relation to any securities of the Company

• This document is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by

any medium or in any form for any purpose. The information in this document is being provided by the Company and is subject to change without

notice. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness

• This document contains statements about future events and expectations that are forward-looking statements. These statements typically contain

words such as "expects" and "anticipates" and words of similar import. Any statement in this document that is not a statement of historical fact is a

forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results,

performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such

forward-looking statements. None of the future projections, expectations, estimates or prospects in this document should be taken as forecasts or

promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections,

expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the document.

The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions

or changes in factors affecting these statements

• You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you

will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the

Company

• This document speaks as of May 9, 2015. Neither the delivery of this document nor further discussions of the Company with any of the recipients

shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date

Disclaimer

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Thank You