Slide 1: Investor Presentation filing letter to stock exchanges
November 11, 2025 To, To, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot no. C/1, Dalal Street, Mumbai-400001. G Block, Bandra Kurla Complex, Mumbai-400051. Scrip Code: 512008 NSE Symbol: EFCIL Sub.: Investor Presentation. Dear Sir/Ma’
Slide 2: EFC (I) Limited Investor Presentation Q2 & H1 FY26
EFC (I) LIMITED INVESTOR PRESENTATION Q2 & H1 FY26 Redefining the future through intelligent, design-led and fully integrated office environments
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by EFC (I) Limited (the “Company’), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any sec
Slide 4: Presentation Roadmap
Presentation Roadmap 1 2 3 4 5 Q2 & H1 FY26 EFC (I) Limited at Our Value Historical ESG Financial a Glance Proposition Financials Roadmap Performance Investor Presentation 3
Slide 5: Q2 & H1 FY26 Financial Performance
Q2 & H1 FY26 Financial Performance
Slide 6: Q2 FY26 – Performance highlights
Q2 FY26 – Performance highlights Revenue EBITDA PAT ₹ 2,546 Mn. ₹ 1,108 Mn. ₹ 567 Mn. +53% Y-o-Y + 40% Y-o-Y + 55% Y-o-Y Segment Revenue Leasing Design & Build Furniture ₹ 1,290 Mn. ₹ 1,116 Mn. ₹139 Mn. +45% Y-o-Y +44% Y-o-Y NA Investor Presentation 5 5
Slide 7: H1 FY26 – Performance highlights
H1 FY26 – Performance highlights Revenue EBITDA PAT ₹ 4,742 Mn. ₹ 2,130 Mn. ₹ 1,034 Mn. +77% Y-o-Y + 69% Y-o-Y + 98% Y-o-Y Segment Revenue Leasing Design & Build Furniture ₹ 2,512 Mn. ₹1,963 Mn. ₹ 267 Mn. +61% Y-o-Y +74% Y-o-Y NA Investor Presentation 6 6
Slide 8: Diversified revenue and profit stream
Diversified revenue and profit stream Q2 FY26 Revenue by Vertical Q2 FY26 EBIT by Vertical Investor Presentation 7
Slide 9: EFC (I) Limited at a Glance
EFC (I) Limited at a Glance
Slide 10: Recent highlights
Recent highlights Leasing Design & Build Furniture • Implementing OpCo – PropCo • Secured new enterprise clients • Secured Vendor Registration and model with current AUM of from sectors such as education, executed Trial / Sample Orders 3Mn+ Sqft with about ~9% area energy, and financial services, wi
Slide 11: Diverse but specialized verticals offer a cohesive workspace solution
Diverse but specialized verticals offer a cohesive workspace solution...... Our value proposition: Built on three diverse, yet unified businesses to capture value across the workspace lifecycle Leasing Design & Build Furniture • Tailored, fully-serviced, visually appealing and • Comprehensive interi
Slide 12: Delivered through a robust brand portfolio
......delivered through a robust brand portfolio...... Our Brand Ecosystem Building Value Through Iconic Brands Specializes in innovative, scalable office solutions for entrepreneurs, small to medium-sized enterprises (SMEs), and enterprise clients Office Interior Design Managed Offices Furniture Ex
Slide 13: Our driving forces
Our driving forces VISION MISSION CORE VALUE We are committed to ethics, To create the most To provide our clients with healthy honesty and beautiful, functional and workspaces and build an ecosystem trustworthiness, while affordable work spaces in with tools and services that support fostering flex
Slide 14: Milestones & Momentum
Milestones & Momentum LISTED ON NSE Registered and Listed on NSE - EFC (I) Limited Increased capacity to 60000+ seats PLAN OF ACTION CAPACITY Plan to add more than INCREASED 50,000+ seats Capacity LISTED ON BSE increased to CAPACITY Registered and 25,000 seats INCREASED Listed on BSE-EFC INDIA Incre
Slide 15: Led by an Experienced Management Team
Led by an Experienced Management Team UMESH SAHAY - FOUNDER ABHISHEK NARBARIA - FOUNDER • First-generation entrepreneur • Holds a Master’s degree in Computer Science • Brings about 20 years of experience • Technocrat entrepreneur with proven leadership • Expertise spans Real Estate , Data Centre Inf
Slide 16: Independent Directors
Independent Directors RAJESH VAISHNAV SRINIVAS RAO GAYATHRI IYER • 27+ years of business experience; • Internationally acclaimed business visionary and • Author, Chartered Accountant, Mentor, • Recognized as a pioneer of the greeting card strategist Business Coach, and Certified IFRS (ACCA) • Associ
Slide 17: Our Marquee Clients
Our Marquee Clients: Powering the Next Phase of Expansion Our Clients, Our Legacy of Excellence Investor Presentation 16
Slide 18: Leasing Vertical
ae —_ 4 _ — = —_ — = Ss = — {| Leasing Vertical
Slide 19: Leasing Solutions: Foundation of our real estate-as-a-service model
Leasing Solutions: Foundation of our real estate-as-a-service model Enterprise Offices Managed Offices Customized Offices Customized, scalable, furnished office solutions with comprehensive management and premium amenities—ideal for enterprises seeking long-term efficiency, privacy, and control What
Slide 20: Offering workspace solutions beyond the traditional infrastructure
Offering workspace solutions......beyond the traditional infrastructure 10 3.23 Mn Sqft 68,000+ Cities Area Under Seats Management 90%+ 680+ ₹6,750-7,250 Average Rent Per Average Occupancy Clients Seat 86 18:68 45 Months Centers Owned : Leased Average Enterprise Centers Client Tenure 24% 34% 66% Top
Slide 21: Growth propelled by rising seat capacity and Revenue
Growth propelled by rising seat capacity and Revenue Total & Billed Seats Revenue 50,425 56,902 60,012 63,389 68,241 +33% +45% 55,924 12,910 12,900 53,250 11,992 12,218 50,792 46,642 42,183 9,634 8,920 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Inventory: 6,417 s
Slide 22: Strategic Market Presence and Diversified Industry Footprint
Strategic Market Presence and Diversified Industry Footprint Driving Growth Through Nationwide Reach and Sector Diversity Multi Sector Portfolio Seats Contribution 8% North Noida 14% New Delhi Gurgaon 49% East 11% West Ahmedabad Kolkata 18% Mumbai & Navi South Mumbai Pune Hyderabad Information Techn
Slide 23: Owned Properties: A Foundation for Sustainable Growth
Owned Properties: A Foundation for Sustainable Growth Sprint Wakdewadi Marisoft IT Park Sprint Towers Konark Alpha 49,570 Sq feet 81,300 Sq feet 1,22,090 Sq feet 26,500 Sq feet Total Area: 2,79,460 Sq feet Investor Presentation 22
Slide 24: Co-Working & Managed Offices: Industry Insights
Co-Working & Managed Offices: Industry Insights Supply to remain high for the remainder of 2025; healthy leasing momentum to lead to absorption Under Construction Stock (till FY30) Q3 CY25 Demand vs Supply Trends Q3 CY25 GCC Demand Footprint Demand Supply 1% 1% 9% 9% 10% 2% 7% 14% 13% 9% 27% 21% 14%
Slide 25: Design & Build Vertical
Design & Build Vertical
Slide 26: Design & Build enhances cross-selling opportunities
Design & Build enhances cross-selling opportunities Offer end-to-end interior solutions—from concept to execution and creating office spaces that are both aesthetically striking and functionally optimized to suit client needs 6.68 Lakhs+ Sq.ft Real Estate, IT/ITES, Pharmaceutical, ₹ 1,450+ Mn. Educa
Slide 27: Our Methodology for Exceptional Brand Delivery
Our Methodology for Exceptional Brand Delivery Offering a brand concept experience at the core remains vital for customer delight Interior Art Client Design Discussion Strategy Furniture Architecture Design Establish Insights, research, Requirements charrettes, inspiration Master and core and creati
Slide 28: Design & Build in India: The New Face of Commercial Real Estate
Design & Build in India: The New Face of Commercial Real Estate Market expected to grow at a 28.5% CAGR by 2030E; cost remains a critical factor for decisions related to design & build India Market Size % Share of Total Fit-out Costs (%) Future Outlook Value-driven workplaces Offices are shifting fr
Slide 29: Furniture Vertical
Furniture Vertical
Slide 30: Furniture foray delivers margin-accretive backward integration
Furniture foray delivers margin-accretive backward integration Specialize in both custom and ready-made high-quality furniture for diverse sectors including office and commercial spaces Emphasis on thoughtful design, craftsmanship, and durability to exceed industry standards in both quality and aest
Slide 31: Furniture: Brief overview
Furniture: Brief overview ₹ 2,750-3,000 Mn 45K+ ₹ 250+ Mn. 900+ Total Manufacturing Capacity Number of Units Delivered Order Book Number of SKUs (in value) 3 15% 15+ New machineries and Reduction in fit-out time using Client locations deployed with infrastructure to enhance standardised modular reco
Slide 32: India's Furniture Market: Competitive Landscape & Growth Outlook
India’s Furniture Market: Competitive Landscape & Growth Outlook Indian furniture market expected to grow at a faster CAGR by 2030E compared to other markets Market Size in 2025 (USD Bn) Demand Drivers • D2C & Omni-Channel Growth: Brands are leveraging digital platforms for customization, transparen
Slide 33: Our Value Proposition
Our Value Proposition
Slide 34: Unlocking Value by Harnessing Real Estate Ecosystem
Unlocking Value by Harnessing Real Estate Ecosystem Creating a Real estate-as-a-Service ecosystem with multiple inter-related businesses Leasing Design & Build Furniture • Established edibility to execute single contract valuing up to Rs. 200 • Backward integration • Minimize the capital requirement
Slide 35: Financial Highlights
Financial Highlights
Slide 36: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (₹ million) Q2 FY26 Q2 FY25 Y-o-Y Q1 FY26 Q-o-Q H1 FY26 H1 FY25 Y-o-Y Revenue from Operations 2,545.9 1,664.4 53.0% 2,196.2 16.0% 4,742.1 2,684.9 76.6% Cost of Services 1,209.6 601.0 818.2 2,027.8 949.1 Changes in inventories -276.0 - 29.8 -246.2 0.
Slide 37: Consolidated Balance Sheet Statement
Consolidated Balance Sheet Statement Particulars (₹ million) H1 FY26 FY25 Particulars (₹ million) H1 FY26 FY25 Assets Equity Non-current assets Equity share capital 199.1 199.1 Property, plant and equipment 2,930.9 2,407.2 Other equity 6,024.0 5,231.0 Right-of-use assets 4,100.1 4,075.7 Equity attri
Slide 38: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ million) H1 FY26 H1 FY25 Profit before Tax 1,416.4 523.4 Adjustment for Non-Operating Items -505.4 -162.3 Operating Profit before Working Capital Changes 911.1 361.0 Changes in Working Capital -144.6 222.8 Cash Generated from Operations 766.4 583.8 Les
Slide 39: Historical Financials
Historical Financials
Slide 40: Financial Snapshot
Financial Snapshot Revenue (₹ Mn) EBITDA (₹ Mn) PAT (₹ Mn) +536% +491% 6,567 3,277 1,408 4,195 1,826 633 1,032 554 39 FY23 FY24 FY25 FY23 FY24 FY25 FY23 FY24 FY25 ROE ROCE 18% 24 14% 15% 6% 5% FY23 FY24 FY25 FY23 FY24 FY25 Investor Presentation 39
Slide 41: Consolidated Profit and Loss Statement
Consolidated Profit and Loss Statement Particulars (₹ Mn) FY25 FY24 FY23 Revenue from Operations 6,567.4 4,194.6 1,032.1 Cost of Services 2,351.2 1,038.9 374.9 Changes in Inventories and Finished goods -18.0 827.7 0.0 Employee Expenses 312.8 140.3 51.3 Other Expenses 644.6 361.7 51.9 EBITDA 3,276.8
Slide 42: Consolidated Balance sheet
Consolidated Balance sheet Particulars (₹Million) Mar-25 Mar-24 Mar-23 Particulars (₹ Million) Mar-25 Mar-24 Mar-23 ASSETS EQUITY AND LIABILITIES Non-current assets Equity Property, plant and equipment 2,407.25 823.94 399.9 Equity Share capital 199.11 99.55 68.3 Right-of-use assets 4,075.70 2,386.79
Slide 43: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (₹ Million) FY25 FY24 FY23 Cash Flow from Operating Activities Profit before Tax 1,998.4 809.7 71.9 Adjustment for Non-Operating Items 114.2 -638.1 79.3 Operating Profit before Working Capital Changes 1,884.2 1,447.8 151.1 Changes in Working Capital 327.2
Slide 44: ESG Roadmap
ESG Roadmap
Slide 45: ESG Commitments for FY25-26
ESG Commitments for FY25-26 Organized 3 ESG and Sustainability sessions highlighting Anti- Ensuring 100% compliance with all applicable State and Bribery, Anti-Corruption, Whistleblower, and Ethics policies for 50+ Central legal regulations cross-functional staff Integrated waste management: sanitar
Slide 46: Thank You
COMPANY : EFC (I) Limited CIN: L74110PN1984PLC216407 Mr. Aman Gupta E-mail: compliance@efclimited.in Website: www.efclimited.in INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Services Mr. Ashish Tendulkar Ashish.t