Praveg Ltd

- There is no mention of any current or planned fundraising through debt or equity in the provided transcript of the Praveg Limited conference call dated February 14, 2023. - The discussion primarily focuses on expansion plans, resort development, payback periods, project details, land acquisition, and operational aspects. - Capital expenditure is discussed (INR 90 crores for upcoming projects), but the source of funding (debt or equity) is not specified. - The company emphasizes growth via PPP projects and own land but does not mention raising new capital through fundraising channels.

- INR 90 crores capex planned for the current year focused on developing 9 resorts. - Targeting turnover of INR 60 crores next year from these new resorts. - Strategic plan to develop 9-10 resorts annually through 2024-2026, depending on opportunities. - 40% of resorts to be developed on company-owned land, remaining 60% on leased/government land. - Tent structures budgeted at INR 15 lakh per room for temporary and INR 30 lakh for semi-temporary structures (excluding land cost). - Expansion includes Indian projects (Sikkim, Northeast, Uttar Pradesh) and future international projects (Kenya, Maasai Mara forest). - A subsidiary established in Kenya to facilitate future resort development. - Focus on aggressive growth where payback period is around 1.5 years; may extend up to 3-3.5 years if opportunity arises. - PPP mode used for some projects; strategic decision to have presence across multiple states with no state exceeding 20% resort share.

- Praveg plans to develop 9-10 resorts annually for the next 3-4 years, aiming to expand capacity from currently 10-12 resorts. - Target is steady growth by capturing opportunities in India and overseas, including at least one resort in Kenya (Maasai Mara) for experience before aggressive expansion. - The company targets an INR 60 crore turnover from the nine upcoming resorts next year, backed by INR 90 crore capex. - Payback period for investments is aimed at a threshold of 1.5 years; up to 3.5 years considered acceptable for some projects. - Event management and hospitality segments contribute 40% and 60% respectively to revenue, with expected growth as pandemic restrictions ease. - Plans to increase resorts across states, avoiding concentration in one state (>20%) and balancing owned land (40%) with leased land (60%). - Seasonal resorts like Varanasi and Runn of Kutch operate 7-8 months; other resorts aim for year-round operations to mitigate seasonality.

- Praveg plans to develop 9-10 resorts annually from 2023 to 2026, targeting a maximum payback period of 1.5 years, extendable up to 3-3.5 years for select projects. - Capital expenditure for FY 2023 is INR 90 crores for nine resorts, expected to generate about INR 60 crores turnover next year. - Management aims to maintain EBITDA margins around 50%, with quarterly margins recently reaching around 60% due to higher business volumes. - Revenue mix is roughly 60% hospitality and 40% events/exhibitions, with a growing focus on hospitality to mitigate event seasonality. - Growth target includes scaling turnover possibly approaching INR 200 crores by FY 2025, subject to occupancy and new resort performance. - The company pursues disciplined financials, focusing on rapid payback investments and expanding presence across Indian states, plus potential PPP resorts.

- Praveg Limited is actively planning to develop 9 to 10 resorts annually over the next 3-4 years, aiming for steady capacity growth. - Currently, the company has 4-5 resorts on its own land and 5 in Public-Private Partnership (PPP) mode. - The strategic plan is to diversify geographically, ensuring no state accounts for more than 20% of the total resorts. - About 40% of resorts will be on owned land and 60% on leased or government land. - The company has specific projects lined up, including Tent Cities at Daman, Diu, Jampore Beach, and others like Sasan Gir, Kevadia, Kumbhalgarh, Velavadar, Ranthambore, and Udaipur. - No explicit numeric detail of total orderbook value or pending orders was disclosed, but the pipeline includes 24 projects expected by 2024-25. - The company is poised to capture every opportunity annually, increasing its development capacity from 10 to 12 resorts per year going forward.