Embassy Property Developments Ltd Corporate Profile

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Embassy Property Developments Ltd Corporate Profile

  1. 1. STRICTLY CONFIDENTIAL Embassy Property Developments Ltd February 2011
  2. 2. Disclaimer <ul><li>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 the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be “forward looking statements”, including those relating to Embassy Property Developments Limited’s (the “Company”) general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. The merit and suitability of investment in the Company should be independently determined by investors. Any such investment should involve an assessment of the legal, tax, accounting, regulatory, financial, credit and other related aspects. </li></ul><ul><li>This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. This presentation is confidential and may not be copied or disseminated in any manner. </li></ul><ul><li>These materials are not for distribution, directly or indirectly, in or into the United States (including its territories and dependencies, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities have not been or will not be registered under the United States Securities Act of 1933 (the “U.S. Securities Act”). Accordingly, the securities are being offered and sold only (i) in offshore transactions in reliance on Regulation S under the U.S. Securities Act and (ii) to institutions in the United States that are “qualified institutional buyers” as defined in Rule 144A, that agree to comply with the transfer restrictions as will be set forth in the Preliminary Offering Memorandum. Prospective purchasers in the United States are hereby notified that the sellers of securities offered may be relying on the exemption from the registration requirements under Section 5 of the Securities Act provided by Rule 144A. </li></ul><ul><li>This presentation is only addressed to and directed at persons in member states of the European Economic Area who are “qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) (“Qualified Investors”). In addition, in the United Kingdom, this presentation is directed only at Qualified Investors (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and Qualified Investors falling within Article 49(2)(a) to (d) of the Order, and (ii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as “Relevant Persons”). This presentation must not be acted on or relied upon (i) in the United Kingdom, by persons who are not Relevant Persons, or (ii) in any member state of the European Economic Area other than the United Kingdom, by persons who are not Qualified Investors. Any investment or investment activity to which this presentation relates is available only to (i) in the United Kingdom, Relevant Persons, and (ii) in any member state of the European Economic Area other than the United Kingdom, Qualified Investors, and will be engaged in only with such persons. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and the draft or final offer document and, if given or made, such information or representation must not be relied upon as having been authorized by the Company, the BRLMs or the Co-BRLMs. </li></ul><ul><li>The Company is proposing, subject to market conditions and other considerations, a public issue of its equity shares in India and has filed a Draft Red Herring Prospectus with Securities Exchange Board of India. </li></ul><ul><li>Any decision to purchase securities, should be made solely on the basis of the information contained in the Red Herring Prospectus and Preliminary Offering Document published in relation to an offering of securities. </li></ul>
  3. 3. Embassy Group – Leading real estate developer in India 25-year long track record along with our promoters 29.0 msft of completed commercial, residential and retail space Leading IT/ITeS space providers in India Strong tenant relationships Growing presence in Southern and Western India and focus on Malaysia and Serbia internationally Strong asset base and near to medium term cash flow generating potential Ongoing and Proposed Projects worth 89.9 msft of Developable Area
  4. 4. Embassy at a glance 1 Commercial <ul><ul><ul><li>Completed Projects: 22.0 msft 3 </li></ul></ul></ul><ul><ul><ul><li>Ongoing Projects: 36.9 msft </li></ul></ul></ul><ul><ul><ul><li>Proposed Projects: 20.2 msft </li></ul></ul></ul><ul><ul><ul><li>Total Ongoing and Proposed Projects: 57.2 msft </li></ul></ul></ul>Residential <ul><ul><ul><li>Completed Projects: 5.3 msft </li></ul></ul></ul><ul><ul><ul><li>Ongoing Projects: 10.6 msft </li></ul></ul></ul><ul><ul><ul><li>Proposed Projects: 18.0 msft </li></ul></ul></ul><ul><ul><ul><li>Total Ongoing and Proposed Projects: 33.9 msft </li></ul></ul></ul>Retail <ul><ul><ul><li>Completed Projects: 0.5 msft </li></ul></ul></ul><ul><ul><ul><li>Ongoing Projects: 0.9 msft </li></ul></ul></ul><ul><ul><ul><li>Proposed Projects: 1.6 msft </li></ul></ul></ul><ul><ul><ul><li>Total Ongoing and Proposed Projects: 3.0 msft </li></ul></ul></ul>Hospitality <ul><ul><ul><li>Completed Projects: 1.2 msft </li></ul></ul></ul><ul><ul><ul><li>Proposed Projects: 0.4 msft </li></ul></ul></ul><ul><ul><ul><li>Total Ongoing and Proposed Projects: 1.7 msft </li></ul></ul></ul>Services 2 <ul><ul><ul><li>Provides property management services such as security, housekeeping, transportation services and equipment maintenance </li></ul></ul></ul><ul><li>Note: </li></ul><ul><li>All area mentioned above represent Developable Area </li></ul><ul><li>Embassy Services Private Limited is a Group Entity of EPDL </li></ul><ul><li>Includes 1 healthcare development – Columbia Asia Hospital in Kirloskar Business Park </li></ul>Completed Projects: 29.0 msft Ongoing and Proposed Projects: 89.9 msft Pine Hurst Embassy Meadows Victoria Embassy, CBD Bangalore Cypress Point Embassy Woods Embassy Galaxy Mall, Residency Road Hilton Residences Services
  5. 5. 25-year long track record along with our promoters <ul><ul><ul><li>Expertise to acquire developable land at right location / price </li></ul></ul></ul><ul><ul><ul><li>Capability to deliver to international standards </li></ul></ul></ul><ul><ul><ul><li>Strong relationship with funding agencies like HDFC, SBI etc. </li></ul></ul></ul><ul><ul><ul><li>Long-standing relationships with key service providers with some relationships spanning over 20 years </li></ul></ul></ul><ul><ul><ul><li>Demonstrated scalability as a result of outsourcing of non-core functions </li></ul></ul></ul><ul><ul><ul><li>Property management function to keep in touch with clients 24/7 </li></ul></ul></ul>Key success factors 1 1 delivery of 29 msft of cumulative developed area over the last 25 years… … with an average annual delivery of 4.7 msft over the last 4 years
  6. 6. Strong client base contributing to repeat business Strong relationships with tenants have resulted in repeat business 1 of over 52% 2 <ul><li>Notes: </li></ul><ul><li>Repeat business refers to the total Gross Leasable Area occupied by a tenant pursuant to one or more lease agreements entered into subsequent to the initial lease agreement between the tenant and the Company, its Subsidiaries, Associates and joint venture entities </li></ul><ul><li>Data as of April 30, 2010 </li></ul>
  7. 7. <ul><ul><ul><li>Preferred IT space provider for IBM in India </li></ul></ul></ul><ul><ul><ul><li>4.51 msft leased out over 8 years </li></ul></ul></ul><ul><ul><ul><li>Spread across 15 projects in three business parks – Embassy Golflinks Business Park, Manyata Embassy Business Park and Embassy TechZone, Pune </li></ul></ul></ul>Strong client base contributing to repeat business Case study: Delivery of commercial space to IBM 1 <ul><li>Notes: </li></ul><ul><li>Year represents calendar year </li></ul><ul><li>As of 30 April 2010 </li></ul>2
  8. 8. Embassy Golflinks Business Park, Bangalore Key highlights <ul><ul><ul><li>Located on the periphery of the CBD just off the Inner Ring Road, is one of the most accessible and centrally located business parks in the city </li></ul></ul></ul><ul><ul><ul><ul><li>60-acre land parcel with 6.33 msft of developable area </li></ul></ul></ul></ul><ul><ul><ul><li>Bounded by golf course and wooded lands owned by the government </li></ul></ul></ul><ul><ul><ul><li>One of the Largest operational business park in India </li></ul></ul></ul><ul><ul><ul><li>Rated by ‘Economic Times’ as one of Top 10 properties in India </li></ul></ul></ul><ul><ul><ul><li>Complete space leased in 36 months from commencement </li></ul></ul></ul><ul><ul><ul><li>World-class infrastructural support </li></ul></ul></ul>
  9. 9. Embassy Golflinks Business Park – Master Plan
  10. 10. Embassy Golflinks Business Park Key tenants 1,193,453 478,833 339,493 326,359 324,920 291,893 283,231 274,709 271,779 Gross Leasable Area (sft) Tenant IBM Yahoo! NetApp Microsoft 24/7 Customer ANZ McAfee Computer Science Corporation Fidelity Supporting facilities <ul><ul><ul><li>Food courts </li></ul></ul></ul><ul><ul><ul><li>‘ Hilton Residence’ - service apartments </li></ul></ul></ul><ul><ul><ul><li>500 seat amphitheater </li></ul></ul></ul><ul><ul><ul><li>Banking facilities </li></ul></ul></ul><ul><ul><ul><li>Convenience store and forex outlets </li></ul></ul></ul><ul><ul><ul><li>Prayer facilities </li></ul></ul></ul><ul><ul><ul><li>24x7 Doctor & Ambulance </li></ul></ul></ul><ul><ul><ul><li>Day care centre </li></ul></ul></ul><ul><ul><ul><li>CCTV surveillance </li></ul></ul></ul>Key statistics <ul><ul><ul><li>No. of Completed Projects - 23 </li></ul></ul></ul><ul><ul><ul><li>Total Developable Area of Completed Projects - 6.19 msft </li></ul></ul></ul><ul><ul><ul><li>Total Developable Area of Ongoing Projects - 0.14 msft </li></ul></ul></ul>
  11. 11. Manyata Embassy Business Park, Bangalore Key highlights <ul><ul><ul><li>Spread over 110.49 acres of land in the northern quadrant of the Outer Ring Road with a Developable Area of 18.29 msft </li></ul></ul></ul><ul><ul><ul><li>7.85 msft delivered and operational as of 30 April 2010 </li></ul></ul></ul><ul><ul><ul><li>Located closest to new international airport on the ring road connecting all parts of city </li></ul></ul></ul><ul><ul><ul><li>Integrated project - residential, hotel, recreation and retail facilities </li></ul></ul></ul>
  12. 12. Manyata Embassy Business Park – Master Plan SEZ area non SEZ area
  13. 13. Manyata Embassy Business Park Key tenants Key statistics 3,020,680 828,106 711,613 467,150 418,443 406,532 340,789 254,377 207,480 Gross Leasable Area (sft) Tenant <ul><ul><ul><li>No. of Completed Projects </li></ul></ul></ul><ul><ul><ul><ul><li>17 </li></ul></ul></ul></ul><ul><ul><ul><li>Total Developable Area of Completed Projects </li></ul></ul></ul><ul><ul><ul><ul><li>7.85 msft </li></ul></ul></ul></ul><ul><ul><ul><li>Total Developable Area of Ongoing Projects </li></ul></ul></ul><ul><ul><ul><ul><li>10.44 msft </li></ul></ul></ul></ul>IBM Nokia Siemens Networks Cognizant ANZ Alcatel-Lucent Target Cerner Supervalu Fidelity Supporting facilities <ul><ul><ul><li>Food court </li></ul></ul></ul><ul><ul><ul><li>500 seat amphitheater </li></ul></ul></ul><ul><ul><ul><li>Banking facilities </li></ul></ul></ul><ul><ul><ul><li>Supporting retail services </li></ul></ul></ul><ul><ul><ul><li>24x7 Ambulance </li></ul></ul></ul>
  14. 14. Business Parks - Infrastructure <ul><ul><ul><li>We have taken all measures to provide world class infrastructure and the best of amenities at our business parks. We understand the importance of security and thus have implemented the latest security and surveillance systems to ensure high safety standards </li></ul></ul></ul><ul><ul><ul><li>Highly secured entrance plazas </li></ul></ul></ul><ul><ul><ul><li>OFC/HDD infra </li></ul></ul></ul><ul><ul><ul><li>CCTV surveillance </li></ul></ul></ul><ul><ul><ul><li>heavy duty barriers </li></ul></ul></ul><ul><ul><ul><li>electronic under vehicle scanners </li></ul></ul></ul><ul><ul><ul><li>boom barriers </li></ul></ul></ul><ul><ul><ul><li>Security patrol vehicle </li></ul></ul></ul><ul><ul><ul><li>Dog squad </li></ul></ul></ul><ul><ul><ul><li>Mass Transport Facilities </li></ul></ul></ul><ul><li>Notes: </li></ul><ul><li>Infrastructure Development works stated here are implemented at Embassy Golflinks Business Park and Manyata Embassy Business Park. These are proposed to be followed at the other business parks too. </li></ul>
  15. 15. Embassy TechZone, Pune Key highlights <ul><ul><ul><li>Located within Phase 2 of Rajiv Gandhi Infotech Park, Hinjewadi, Pune </li></ul></ul></ul><ul><ul><ul><ul><li>situated in close proximity to the Mumbai-Pune expressway and is easily accessible from the city centre </li></ul></ul></ul></ul><ul><ul><ul><li>Spread over 68.03 acres of land of which 42.3 acres is a notified SEZ and 26.73 acres is under the domestic tariff regime </li></ul></ul></ul><ul><ul><ul><ul><li>total Developable Area of 7.54 msft </li></ul></ul></ul></ul><ul><ul><ul><li>As of 30 April 2010, 0.95 msft is completed and operational with 1.64 msft is currently under construction </li></ul></ul></ul>Supporting facilities <ul><ul><ul><li>Multi cuisine food court </li></ul></ul></ul><ul><ul><ul><li>Visitor car parking </li></ul></ul></ul><ul><ul><ul><li>24/7 ambulance facility </li></ul></ul></ul><ul><ul><ul><li>ATMs </li></ul></ul></ul><ul><ul><ul><li>Training Centre </li></ul></ul></ul>Key occupants Key statistics <ul><ul><ul><li>No. of Completed Projects: 2 </li></ul></ul></ul><ul><ul><ul><li>Total Developable Area of Completed Projects: 0.95 msft </li></ul></ul></ul><ul><ul><ul><li>Total Developable Area of Ongoing Projects: 6.59 msft </li></ul></ul></ul>298,437 193,102 137,385 115,197 27,718 Gross Leasable Area (sft) Tenant IBM Synechron Geometric Atos Origin Mahindra Engineering
  16. 16. Embassy TechZone, Pune – Master Plan SEZ
  17. 17. MKN Embassy TechZone, Malaysia Key highlights <ul><ul><ul><li>Joint venture with Azikaf Sdn Bhd (&quot;Azikaf&quot;), a member of the Emkay Group, of Malaysia </li></ul></ul></ul><ul><ul><ul><li>Embassy’s first real estate development outside of India </li></ul></ul></ul><ul><ul><ul><li>Located within the flag ship zone of Cyberjaya, a 17,000-acre development of the Government of Malaysia to promote IT and ITES industries </li></ul></ul></ul><ul><ul><ul><li>Business park located on a 47.62-acre land parcel with Developable Area of 4.58 msft </li></ul></ul></ul><ul><ul><ul><ul><li>1.3 msft completed and sold </li></ul></ul></ul></ul><ul><ul><ul><ul><li>0.75 msft currently under construction </li></ul></ul></ul></ul><ul><ul><ul><li>Cyberjaya is designated as a part of the “Multimedia Super Corridor (MSC)”, an initiative which brings substantial benefits to the occupants </li></ul></ul></ul>Location plan
  18. 18. Layout – MKN Embassy TechZone, Malaysia Block I Block J Block I Blocks A&B MLCP – A Block J MLCP – A
  19. 19. Embassy Techzone, Serbia
  20. 20. Embassy Techzone, Serbia <ul><ul><ul><li>Embassy TechZone, Serbia will be a business park in Indija, Serbia. </li></ul></ul></ul><ul><ul><ul><li>Construction is expected to commence by Q2 2011 </li></ul></ul></ul><ul><ul><ul><li>FM Global compliant project ; buildings to be gold standard of the LEED Green Building Rating System. </li></ul></ul></ul><ul><ul><ul><li>The project will be located on a 123.27 acres of land parcel and will comprise of IT and ITES oriented work spaces with a total built-up of 1 msft in the first tranche </li></ul></ul></ul><ul><ul><ul><li>Ground + 1 office floor + 1 technical floor structure </li></ul></ul></ul>
  21. 21. Embassy Techzone, Serbia – Phase I Master Plan
  22. 22. Embassy Techzone, Serbia – Block A Floor Plan <ul><ul><ul><li>G+2 structure </li></ul></ul></ul><ul><ul><ul><li>Average Floor Plate – 50,000 sft approx. </li></ul></ul></ul>
  23. 23. Embassy Techzone, Serbia – Perspective
  24. 24. Embassy Techzone, Serbia – Perspective
  25. 25. Embassy Techzone, Serbia – Perspective
  26. 26. Contact Information Embassy Point 150, Infantry Road Bangalore - 560001 India Tel: +91-80-4179-9999 Fax: +91-80-2228-6912 www.embassyindia.com

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