Slide 1: Exchange filing cover letter for investor presentation
Date: November 14, 2024 The Deputy Manager The Manager Department of Corporate Services The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No C/1, G Block PJ Towers, Dalal Street Bandra Kurla Complex Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 532784 & 890205 Scrip Code:
Slide 2: Investor Presentation September 2024
INVESTOR PRESENTATION September 2024 Artistic Impression of SOBHA Altus, Gurgaon
Slide 3: About Us
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Slide 4: Legacy of Quality
LEGACY OF QUALITY Established in 1995 by Mr. PNC Menon, with a vision to transform the way people perceive ‘Quality’ Diverse portfolio Real estate 29 years of delivering international quality spaces ▪ Residential ▪ Retail Bangalore headquartered Real Estate & Construction firm with focus on resident
Slide 5: Excellence at Scale
139.03 mn 553 sft completed Developments 7 mn 40.60 mn sft annual delivery sft under run rate development 27 25+ EXCELLENCE Cities and 14 states Acre manufacturing AT SCALE across India - footprint facilities 4,050+ 12,800+ Professionals Technicians Own training academy for continuous development pr
Slide 6: Fueling Future Success
UNWAVERING ▪ Continuous investments in research in innovative construction techniques COMMITMENT TO and building material QUALITY ▪ Ensures lasting value and customer satisfaction DIVERSIFICATION ▪ Multiple revenue streams with geographical diversification supports FOR RESILIENCE business resilience
Slide 7: Awards and recognition in Q2 FY 2025
Awards and recognition in Q2 FY 2025 Woman Icon of The Year Best Residential Project of the Outstanding Growth In Indian 2024 Year 2024 Real Estate 2024 Awarded to Ms. Shanthi V, Sobha HRC Pristine (Bangalore) Recognized for outstanding Head – Project Management, awarded the Best Residential Growth
Slide 8: Rights Issue of Rs. 19.99 bn successfully completed, Tranche I received
Rights Issue of Rs. 19.99 bn successfully completed, Tranche I received in Q2 FY 2025 Utilization of Rights Issue Net proceeds (Rs. Mn) ➢ Details on Rights Issue: Application Total Utilization % Particulars Money / ▪ Size of the Issue: Rs. 1,999 Cr. Issue Tranche I 30.09.2024 utilization ▪ Applicati
Slide 9: Cashflow
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Slide 10: Robust cashflow performance in H1 FY 2025
Robust cashflow performance in H1 FY 2025… Rs Billion TOTAL OPERATIONAL REAL ESTATE ➢ Total collections in H1-FY25 improved by 4.1% over H1-FY24 CASH INFLOW CASH INFLOW ▪ Real Estate contribution was Rs. 26.14 bn, growth of 8.6% 28.05 4% 29.21 9% 26.14 ▪ Contracts & manufacturing collections was at
Slide 11: Maintaining consistent cashflow generation every quarter
…maintaining consistent cashflow generation every quarter Rs Billion TOTAL OPERATIONAL CASH INFLOW REAL ESTATE CASH INFLOW 15.46 13.34 13.92 14.50 14.93 14.98 12.93 13.75 12.60 12.23 13.55 11.48 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 NET OPERATIONAL CASHFLOW NET CASH
Slide 12: Cashflow Statement – Q2 FY 2025
Cashflow Statement – Q2 FY 2025 Rs Million PARTICULARS Q2-25 Q1-25 Q2-24 H1-25 H1-24 FY-24 Operational Cash Inflow Real Estate Operations 12,227 13,917 12,598 26,144 24,076 50,345 Contractual & Manufacturing 1,524 1,544 1,902 3,068 3,975 7,621 Total Operational Cash Inflow (A) 13,751 15,461 14,500 2
Slide 13: Cashflow Statement – Q2 FY 2025 continued
Cashflow Statement – Q2 FY 2025…continued Rs Million Particulars Q2-25 Q1-25 Q2-24 H1-25 H1-24 FY-24 Financial Inflow Rights Issue Proceeds (D) 9,995 - - 9,995 - - Financial Outflow Finance Related Outflow 352 478 490 830 972 1,951 Dividend 301 - 284 301 284 284 Total Financial Outflow (E) 653 478 7
Slide 14: Significant dip in net debt through rights issue proceeds
Significant dip in net debt this quarter is achieved through rights issue proceeds 1.40 1.25 1.23 31 1.19 1.11 1.20 27 0.97 1.00 23 0.87 0.77 0.72 0.80 19 0.66 0.63 0.58 0.54 0.50 0.60 15 0.47 11 0.40 7 0.20 0.08 3 0.00 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1
Slide 15: Average cost of borrowing has been steady
Average cost of borrowing has been steady in past few quarters 9.35% 9.40% 9.40% 9.26% 9.11% 9.14% 8.93% 8.81% Rate of Interest % 8.57% 8.40% 8.45% Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Rs Million Finance related outflows Q3-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q4
Slide 16: Residential Real Estate Portfolio: Projected Cashflow
Residential Real Estate Portfolio: Projected Cashflow as on 30th September 2024 Completed - with Ongoing - Area Ongoing - Area Particulars Total Unit unsold inventory offered for sale not offered for sale Total Saleable area 20.40 24.79 1.44 46.63 Mn sft Sobha’s share of Saleable area 18.95 23.89 1.
Slide 17: Developable Land Bank for sustained growth
Developable Land Bank for sustained growth Developable Land Bank (Acres) Forthcoming Subsequent Regions* Total Projects Land Projects Land Pune Bangalore 114 127 242 35 NCR 62 - 62 Kerala 12 - 12 Tamil Nadu Bangalore 84 242 Tamil nadu 5 79 84 Pune 35 - 35 Total (Acres) 228 207 435 Development Potent
Slide 18: Sales Performance
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Slide 19: Sales performance in H1 and Q2 of FY 2025
Sales performance in H1 and Q2 of FY 2025 SALES VALUE NEW SALES AREA ➢ In H1-FY25 we sold 1,026 homes with area of 2,105,268 sft, achieving (RS. BN) (MN SFT) sales of Rs. 30.52 bn, at average realization of Rs. 14,498 per sft 31.88 3.08 -4% 30.52 -32% ➢ Bangalore contributed 40.5% and NCR contribute
Slide 20: Region wise Real Estate sales performance – Q2 FY 2025
Region wise Real Estate sales performance – Q2 FY 2025 Total Sobha’s Share Average Price Region wise Sales by Value Area sold Region Sales Value of Sales Value Realization (sft) (Rs. Mn) (Rs.Mn) (Rs. / sft) Kerala, 29% Bangalore 413,537 6,086 5,549 14,716 Gurgaon, 6% GIFT City, 3% NCR 40,458 752 541
Slide 21: Region wise Real Estate sales performance – H1 FY 2025
Region wise Real Estate sales performance – H1 FY 2025 Region wise Sales – by value Total Sobha’s Share Average Price Area sold Region Sales Value of Sales Value Realization (sft) Kerala, 19% (Rs. Mn) (Rs.Mn) (Rs. / sft) GIFT City, 4% Hyderabad, Bangalore 880,608 12,356 11,435 14,031 2% Tamil Nadu,
Slide 22: Price Band by Sales Value in Q2-FY25
Price Band by Sales Value in Q2-FY25 ➢ Due to inventory mix continuing to be skewed towards high ticket Ticket size wise contribution to total sale value <Rs. 1 Cr. products over last 2 quarters, contribution from products > Rs. 3 >Rs. 5 Cr. 3% Cr. was 46% compared to 59% in previous quarter due to
Slide 23: Inventory Visibility – Ongoing and Forthcoming Real Estate Projects
Inventory Visibility – Ongoing and Forthcoming Real Estate Projects Forthcoming Projects Residential Inventory visibility Location SBA (Mn sft) No. of Projects Inventory status Mn sft Bangalore 12.27 9 Completed projects 0.19 Gurgaon 3.46 3 Ongoing projects - offered for sale 7.25 Noida 0.69 1 Pune
Slide 24: Financials & Operations
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Slide 25: Financial & Operational Highlights – Q2 FY 2025
Financial & Operational Highlights – Q2 FY 2025 Rs Billion TOTAL INCOME REAL ESTATE REVENUE ➢ Total revenue recorded in Q2-FY25 was Rs. 9.65 bn, 9.65 ▪ Real estate business contributed Rs. 7.81 bn (80.9% of total) 25% 7.74 7.81 44% ▪ Contractual & Manufacturing clocked Rs. 1.74 bn (15.8% of total) 5
Slide 26: Financial & Operational Highlights – H1 FY 2025
Financial & Operational Highlights – H1 FY 2025 Rs Billion TOTAL INCOME REAL ESTATE REVENUE ➢ Total revenue recorded in H1-FY25 was Rs. 16.35 bn 17.13 -5% 16.35 ▪ Real estate business contributed Rs. 12.56 bn (76.8% of total) 12.85 -2% 12.56 ▪ Contractual & Manufacturing clocked Rs. 3.17 bn (19.4% o
Slide 27: Profit & Loss Statement – Q2 FY 2025
Profit & Loss Statement – Q2 FY 2025 Rs Million Particulars Q2-25 Q1-25 Q2-24 H1-25 H1-24 FY-24 Real Estate Revenue 7,814 4,751 5,436 12,564 12,846 24,138 Contractual & Manufacturing Revenue 1,522 1,653 1,976 3,176 3,645 6,831 Other Income 317 295 324 612 637 1,209 Total Income 9,653 6,699 7,736 16,
Slide 28: Consolidated Balance Sheet as on 30th September 2024
Consolidated Balance Sheet as on 30th September 2024 Rs Million ASSETS 30-Sep-24 30-Jun-24 EQUITY & LIABILITIES 30-Sep-24 30-Jun-24 Non-current Assets Equity Property, Plant and equipment 4,886 4,733 Equity Share Capital 1,009 948 Investment Property 4,366 4,400 Other Equity 34,052 24,256 Investment
Slide 29: Contracts Portfolio & Operational Overview – H1 FY 2025
Contracts Portfolio & Operational Overview – H1 FY 2025 Rs Billion Particulars H1-24 H1-25 Ashoka University North Campus - Sonepat Total order value of Rs. 2.4 bn to construct 493,000 Revenue sft of built-up area across buildings. Contracts 1.64 1.64 Scope includes Civil , MEP, PHE , Glazing and fi
Slide 30: Manufacturing & Retail Performance – H1 FY 2025
Manufacturing & Retail Performance – H1 FY 2025 ➢ SOBHA is the only Real Estate company in India with complete vertical integration across the value chain ➢ It supports company to take up turn-key projects and deliver world class quality in timely & efficient manner Glazing & Metal Works Interiors,
Slide 31: Commercial Portfolio: Completed, Ongoing & Forthcoming projects
Commercial Portfolio: Completed, Ongoing & Forthcoming projects Total Sobha Share Sobha City Mall, Thrissur Project Name Status Leasable Area (sft) Leasable area (sft) Sobha City Mall, Thrissur Operational 3,23,017 280,798 One Sobha, Bangalore Operational 2,28,348 1,54,431 Sub Total 551,365 435,229
Slide 32: Project Updates
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Slide 33: New Project Launch – Sobha Infinia
New Project Launch – Sobha Infinia Day Elevation Night Elevation Swimming Pool Super Luxury Apartment located at Agara Lake Road, the project spans 4.70 acres, with easy connecting to juntion of Koramangala – Sarjapura - Outer ring road ➢ Project has total saleable area of 477,003 sft comprising 196
Slide 34: Projects completed in Q2 FY 2025
Projects completed in Q2 FY 2025 Project Location Product Type No. of units SBA (sft) Sobha Rajvilas Bangalore Apartment 80 180,082 Sobha Dream Acres Oasis Bangalore Apartment 178 179,561 Sobha Royal Pavilion Bangalore Apartment 75 122,851 Sobha Lake Gardens Bangalore Apartment 75 121,907 Sobha City
Slide 35: Real Estate – Project portfolio – Completed, Ongoing and Forthcoming
Real Estate – Project portfolio – Completed, Ongoing and Forthcoming Completed Ongoing Region Forthcoming Developable Saleable Built-up Developable Saleable Built- Note: Area Area Area up Area • Real Estate product mix includes Multi Storied Bangalore* 62.25 45.54 18.44 13.50 12.27 Apartments, Row H
Slide 36: Completed Residential Projects during Q2 FY 2025
Completed Residential Projects during Q2 FY 2025 Sobha Rajvilas Wing 2 Sobha Dream Acres Oasis Wing 57 & 58 Sobha Royal Pavilion Wing 9 Bangalore Bangalore Bangalore 1 wing - G+ 25 floors 2 wings - G+ 14 floors 1 wing - G+ 18 floors SBA – 180,082 sft (80 units) SBA – 179,561 sft (178 units) SBA – 12
Slide 37: Completed Residential Projects during Q2 FY 2025 continued
Completed Residential Projects during Q2 FY 2025…Continued Sobha Lake Garden Wing 3 Sobha Windsor Wing 4 Sobha City Tower A4 Bangalore Bangalore Gurgaon 1 wing - G+ 18 floors 1 wing - G+ 17 floors 1 tower – S+ 18 floors SBA – 121,907 sft (75 units) SBA – 1109,410 sft (70 units) SBA – 111,407 sft (72
Slide 38: Completed Residential Projects during Q2 FY 2025 continued
Completed Residential Projects during Q2 FY 2025…Continued Internation City Sobha Silver Estate Sobha Bela Encosta Gurgaon Thrissur Calicut 3 villas - Duplex 7 villas 2 villas SBA - 15,724 sft SBA - 20,990 sft SBA - 7,459 sft 37
Slide 39: Ongoing Projects
Ongoing Projects Sobha Brooklyn Towers Sobha Insignia Sobha Royal Pavillion Bangalore Bangalore Bangalore 5 towers - 3S+ G+ 33 floors 1 wing – 2B+ G+ 8 floors 6 towers – 2B+ G+18 floors 657 units of 1/2/2.5/3/3.5/4 BHK 33 units of 3/4 BHK 491 units of 2/3/4 BHK Total SBA – 1,002,666 sft Total SBA -
Slide 40: Ongoing Projects continued
Ongoing Projects…continued Sobha Dream Garden Sobha Sentosa Sobha Metropolis Bangalore Bangalore Thrissur 5 towers – B+ G+17/23 floors 4 wings – 2B+ G+ 17 floors 6 towers – 3S+ 21/23/25 floors 910 units of 1/2 BHK 391 units of 1/3 BHK 504 units of 2/3/4 BHK Total SBA - 858,156 sft Total SBA - 533,20
Slide 41: Ongoing Projects continued
Ongoing Projects…continued Sobha Mountain Mist Sobha Dream Heights Sobha Atlantis Coimbatore GIFT City Kochi 1 tower - B+ 3S+ +30 floors 4 blocks - G+24 floors Plotted development – 88 units 236 units of 1/2 BHK 384 units of 3/4 BHK Total SBA – 118,518 sft Total SBA -261,056 sft Total SBA - 890,040
Slide 42: Ongoing Projects continued
Ongoing Projects…continued Sobha Meadows Whispering Hill Sobha Conserve Sobha Aranya Trivandrum Chennai Gurgaon 2 blocks - G+12 floors 5 towers – 2B+43/46 floors Plotted development – 124 units 98 units of 3 BHK 524 units of 3/4 BHK Total SBA - 189,667 sft Total SBA – 196,420 sft Total SBA - 1,927,4
Slide 43: Board of Directors
BOARD OF DIRECTORS Ravi PNC Menon, Chairman Raman Mangalorkar, Independent Director • 31+ years of industry, consulting, and private equity • 18+ years of experience in the real estate and experience construction business • MBA from Indiana University with specializations in • Bachelor of Science in
Slide 44: Thank You
SOBHA Corporate Office ‘SOBHA’, Sarjapur-Marathahalli Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post, Bangalore-560103 Phone: +91-80- 49320000 www.sobha.com THANK YOU Investor’s Contact Mr. Soumyadeep Saha Investor Relations Tel: +91-80-49320000 Ext. 5024 Email: soumyadeep.s@sobha.com Disc