Slide 1: Investor Presentation
INVESTORPRESENTATION INVESTOR PRESENTATION Jun 2021 June 2021 INVESTOR PRESENTATION SOBHA ARBOR SEPT 2021 Artistic Impression
Slide 2: Outlook
OUTLOOK ➢ Real estate sector is emerging as a mature and better regulated sector over the past few years. ➢ Policy reforms like demonetization, housing for all, liberalized FDI rules, RERA, Swamih fund, insolvency code and GST have definitely strengthened the sector. ➢ Work from home, low interest r
Slide 3: Cashflow Highlights - Q2-22
CASHFLOW HIGHLIGHTS -Q2-22: ➢ Achieved total cash inflow of Rs. 9.14 billion during Q2-22 which is up by 33% as compared to Q2-21. ➢ Achieved Real Estate cash inflow of Rs 7.25 billion during Q2-22 which is up by 44% as compared to Q2-21. ➢ We have generated Net Operating Cashflow of Rs 1.77 billion
Slide 4: Cashflow Highlights - H1-22
CASHFLOW HIGHLIGHTS –H1-22: ➢ Achieved total cash inflow of Rs. 16.32 billion during H1-22 which is up by 32% as compared to H1-21. ➢ Achieved Real Estate Cash inflow of Rs 12.72 billion during H1-22 which is up by 52% as compared to H1-21. ➢ We have generated Net Operating Cashflow of Rs 3.12 billi
Slide 5: Cash Flow Statement
CASH FLOW STATEMENT Amount Rs.in Millions PARTICULARS Q2-22 Q1-22 H1-22 H1-21 Q2-21 FY-21 Operational cash inflows Real Estate Operations 7,245 5,477 12,722 8,382 5,023 22,169 Contractual & Manufacturing 1,898 1,702 3,600 3,943 1,836 8,600 Total Operational cash inflow (A) 9,144 7,179 16,322 12,325
Slide 6: Cash Flow Statement (Contd)
CASH FLOW STATEMENT (Contd) Amount Rs.in Millions PARTICULARS Q2-22 Q1-22 H1-22 H1-21 Q2-21 FY-21 Financial Outflows Finance Cost 772 731 1,503 1,034 655 2,733 Income Tax 118 97 215 83 41 97 Total Financial Outflows (D) 890 828 1,718 1,117 696 2,830 Net Cash flow after Financial Outflow : (E=C-D) 87
Slide 7: Cashflow Highlights: Q1-22 vs Q2-22
CASHFLOW HIGHLIGHTS: Q1-22 V/s Q2-22 Amount in Rs. Billions Total Cash inflow Real Estate Cash Inflow GROWTH – 27 % GROWTH – 32 % 7.25 12.00 9.14 8.00 7.18 5.48 8.00 6.00 4.00 4.00 2.00 - - Q1-22 Q2-22 Q1-22 Q2-22 Net Operating Cash flow Net Cash flow GROWTH – 32 % 1.77 GROWTH – 11 % 0.39 2.00 1.34
Slide 8: Cashflow Highlights: Q2-21 vs Q2-22
CASHFLOW HIGHLIGHTS: Q2-21 V/s Q2-22 Amount in Rs. Billions Real Estate Cash Inflow Total Cash Inflow GROWTH – 33 % GROWTH – 44 % 9.14 7.25 10.00 6.86 8.00 5.02 8.00 6.00 6.00 4.00 4.00 2.00 2.00 - - Q2-21 Q2-22 Q2-21 Q2-22 Net Operating Cash flow Net Cash flow 0.39 GROWTH – 37 % GROWTH – 239 % 1.77
Slide 9: Cashflow Highlights: H1-21 vs H1-22
CASHFLOW HIGHLIGHTS: H1-21 V/s H1-22 Amount in Rs. Billions Total Cash Inflow Real Estate Cash Inflow GROWTH – 32 % GROWTH – 52 % 16.32 12.72 20.00 15.00 12.33 8.38 15.00 10.00 10.00 5.00 5.00 - - H1-21 H1-22 H1-21 H1-22 Net Operating Cash flow Net Operating Cash flow GROWTH – 40 % GROWTH – 376 % 3.
Slide 10: Movement of Debt
MOVEMENT OF DEBT Amount Rs.in Billions Particulars 31st Mar-20 30th Jun-20 30th Sept-20 31st Dec-20 31st Mar-21 30th June-21 30th Sept-21 Gross Debt 31.18 31.25 31.56 31.34 30.62 30.21 29.33 Less: Cash & Cash Equivalents 0.95 1.04 1.06 1.59 2.10 2.04 1.55 Net Debt 30.23 30.21 30.50 29.75 28.52 28.17
Slide 11: Borrowing Cost
BORROWING COST 11% Average cost of borrowing has declined in the last 8 quarters 9.81% 9.76% 9.69% 9.64% Rate of Interest % 10% 9.32% 9.17% 9.04% 8.98% 8.85% 9% 8% Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Finance Cost (Gross) Rs. In Million Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-2
Slide 12: Real Estate (Residential) Projects: Projected Cash Flow
REALESTATE (RESIDENTIAL) PROJECTS: PROJECTED CASH FLOW Completed projects Ongoing - Area Ongoing - Area Particulars with unsold Total UOM offered for sale not offered for sale inventory Total Saleable area 15.71 19.95 8.83 44.49 Mn.sqft Sobha Share of Saleable area 14.88 19.31 7.74 41.93 Mn.sqft Tot
Slide 13: Sales Highlights: Q2-22 & H1-22
SALES HIGHLIGHTS: Q2-22 & H1-22 ➢ Achieved best quarterly sales volume of 1,348,864 square feet of super built-up area valued at Rs 10.30 billion. ➢ Achieved best ever Sobha Share of sale value of Rs 8.54 billion. ➢ Total sales volume, sale value, Sobha share of sale value are up by 51%, 49%, 61% re
Slide 14: Sales Highlights: Q2-22 & H1-22 (Contd.)
SALES HIGHLIGHTS: Q2-22 & H1-22 (Contd.) ➢ During the quarter, Bengaluru has performed well which is our key market followed by good performance in Gurugram, Pune and GIFT CITY. ➢ With festive season coming in and our planned new launches in the coming quarters, we are expected to sustain momentum i
Slide 15: Sales Performance: Q2-22
SALES PERFORMANCE: Q2-22 Q2 - FY 22 Sobha Share of Sale Total Average Price Area Sold (in Mn sqft) Area Sold Total Sale Value Region Value Realization GROWTH – 51 % 1.35 in Sq Feet in Rs Mns in Rs Mns Rs / Sq Feet Bengaluru 798,353 5,628 5,000 7,050 1.20 0.89 Kozhikode 4,623 32 25 6,832 Chennai 43,4
Slide 16: Sales Value Performance: Q2-22 vs Q1-22
SALES VALUE PERFORMANCE: Q2-22 V/S Q1-22 Q1-22 TOTAL SALE VALUE Q2-22 TOTAL SALE VALUE Other Regions 29% Other Regions 45% Bangalore 55% Bangalore 71% ➢ During the quarter other regions have contributed 45% of total value as compared to 29% during Q1-22. This reflects our potential and focus to grow
Slide 17: Sales Performance: H1-22
SALES PERFORMANCE: H2-22 H1 - FY 22 H1 - FY 21 Region Sobha Share of Sobha Share of Area Sold Total Sale Value Area Sold Total Sale Value Sale Value Sale Value in Sq Feet in Rs Mns in Rs Mns in Sq Feet in Rs Mns in Rs Mns Bangalore 1,462,221 10,479 9,216 1,022,886 7,659 6,299 Gurugram 256,858 2,472
Slide 18: Sales Value Performance: Q2-22 (Price Band and Region)
SALES VALUE PERFORMANCE: Q2-22 (Price Band and Region category) % CONTRIBUTION PER PRICE BRACKETS REGION CONTRIBUTION TO TOTAL SALE VALUE Coimbatore Kozhikode GIFT City Kochi 0.90% 0.31% 2.95% 10.52% > Rs.3 Crs 9% < 1 Cr Pune Rs.2 Crs to 22% 7.44% 3 Crs 13% Thrissur 3.10% Chennai 2.43% Rs. 1 Cr to B
Slide 19: Sales Value Performance: H1-22 (Price Band and Region)
SALES VALUE PERFORMANCE: H1-22 (Price Band and Region category) % CONTRIBUTION PER PRICE BRACKETS REGION CONTRIBUTION TO TOTAL SALE VALUE Kochi , Kozhikode, Coimbatore , 9% GIFT City , 0% 1% 3% > Rs.3 Crs Pune , Rs.2 Crs to 3 7% < 1 Cr 6% Crs 22% Thrissur , 13% 4% Chennai , 2% Bangalore , Rs. 1 Cr t
Slide 20: Buyer Profile: 12 Months Rolling
BUYER PROFILE: 12 Months Rolling PROFESSION-WISE BREAKUP BUYERS AGE-WISE BREAKUP Others IT/ITES >51 Years 21-30 Years 21% Professional 13% 17% Business/Entrepreneur 52% 7% 41-50 Years 22% Medical/Pharma 3% 31-40 Years Non IT 48% Professional 17% RESIDENTIAL STATUS Indian 88% NRI 12% 0% 50% 100% 20
Slide 21: Financial Highlights: Q2-22
FINANCIAL HIGHLIGHTS: Q2-22 ➢ Total Income for Q2 -22 stands at Rs. 8.23 billion up by 59% as compared to Q1 -22. ➢ Real Estate Revenue for Q2 -22 stands at Rs. 6.54 billion up by 74% as compared to Q1 -22 ➢ Contractual & manufacturing vertical revenue for Q2 -22 stands at Rs. 1.65 billion. ➢ EBITDA
Slide 22: Financial Highlights: H1-22
FINANCIAL HIGHLIGHTS : H1-22 ➢ Total Income for H1 -22 stands at Rs. 13.40 billion up by 48% as compared to H1 -21 ➢ Real Estate Revenue for H1 -22 stands at Rs. 10.31 billion up by 85% as compared to H1 -21 ➢ Contractual & manufacturing vertical revenue for H1 -22 stands at Rs. 3.00 billion. ➢ EBIT
Slide 23: Financial Highlights: Q2-21 vs Q2-22
FINANCIAL HIGHLIGHTS: Q2-21 V/s Q2-22 Amount in Rs. Billions Total Income Real Estate Revenue 8.23 GROWTH – 51 % GROWTH – 96 % 6.54 9.00 9.00 5.46 3.33 6.00 6.00 3.00 3.00 - - Q2-21 Q2-22 Q2-21 Q2-22 PBT PAT 0.65 GROWTH – 167 % 0.45 GROWTH – 183 % 0.85 0.50 0.60 0.23 0.30 0.17 0.35 0.10 0.10 Q2-21 Q
Slide 24: Financial Highlights: Q1-22 vs Q2-22
FINANCIAL HIGHLIGHTS: Q1-22 V/s Q2-22 Amount in Rs. Billions Total Income Real Estate Revenue GROWTH – 59 % 8.23 GROWTH – 74 % 6.54 10.00 9.00 5.17 8.00 3.77 6.00 6.00 4.00 2.00 3.00 - Q1-22 Q2-22 - Q1-22 Q2-22 PBT PAT GROWTH – 415 % GROWTH – 302 % 0.45 1.00 0.65 0.60 0.40 0.50 0.11 0.13 0.20 - - Q1
Slide 25: Financial Highlights: H1-21 vs H1-22
FINANCIAL HIGHLIGHTS: H1-21 V/s H1-22 Amount in Rs. Billions Total Income Real Estate Revenue GROWTH – 48 % 13.40 GROWTH – 85 % 15.00 9.05 15.00 10.31 10.00 5.56 10.00 5.00 5.00 - H1-21 H1-22 - H1-21 H1-22 PBT 0.78 PAT 0.57 GROWTH – 174 % GROWTH – 141 % 0.80 0.60 0.60 0.50 0.28 0.24 0.40 0.40 0.30 0
Slide 26: Profit & Loss Statement
PROFIT & LOSS STATEMENT Amount Rs.in Millions PARTICULARS Q2-22 Q1-22 H1-22 H1-21 Q2-21 FY-21 Real Estate Revenue 6544 3,768 10,312 5,563 3,334 13,103 Contractual & Manufacturing Revenue 1647 1,355 3,002 3,157 1,886 7,995 Other Income * 40 48 88 332 239 499 Total Income 8,231 5,171 13,402 9,052 5,45
Slide 27: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Amount Rs.in Millions PARTICULARS 30'Sept 2021 30'Sept 2020 PARTICULARS 30'Sept 2021 30'Sept 2020 ASSETS EQUITY & LIABILITIES Non-current assets Equity Property, Plant and equipment 4,215 4,600 Equity Share Capital 948 948 Investment Property 3,471 3,478 Other Equity 23,56
Slide 28: Real Estate – Projects Portfolio
REAL ESTATE – PROJECTS PORTFOLIO Total Developable / Leasable Area in Mn sqft ➢ Completed Real Estate projects located across 7 cities, CITY COMPLETED ONGOING FORTHCOMING with Total development of 60.94 mn sqft and Super Built-up area of 46.18 mn sqft Bengaluru * 47.30 17.22 6.13 Mysore 1.33 0.25 -
Slide 29: Future Launches and RERA Status
FUTURE LAUNCHES AND RERA STATUS Forthcoming Launch Pipeline : Ongoing Projects - RERA registration status : No of projects No of projects LOCATION No of Projects Total Saleable area (Mn Sft) Location applied for RERA approved by RERA Bangalore 75 75 Real Estate - Forthcoming Mysore 1 1 Bangalore 7 5
Slide 30: Contracts Portfolio
CONTRACTS PORTFOLIO Overall area delivered since inception: 53.78 million square feet Order book value as of 30th Sept 2021: Rs 22.80 billion Contractual Ongoing Project Details as of 30th Sept 2021 Contractual Revenue & Collection Details as of 30th Sept 2021 Amount in Rs. Billions Built-up area Pa
Slide 31: Contracts: Completed Projects Region Wise Contribution
CONTRACTS: Completed Projects region wise contribution details Total Developed Area(in Mn Sqft) Order Value (in Mns) 30.00 26.31 35,000 28,907 25.00 30,000 20.00 25,000 20,000 15.00 15,000 10.00 6.67 7,764 4.46 4.92 6.29 10,000 5,337 5,358 5,607 5.00 0.28 0.08 0.40 1.54 1.37 0.70 0.14 0.45 0.19 5,00
Slide 32: Manufacturing Division Performance
MANUFACTURING DIVISION PERFORMANCE Amount in Rs. Billions ▪ SOBHA – Only Real Estate Company in India with Aatma Nirbhar (Self-Reliant) Model ▪ It supports company to achieve world class quality with timely & efficient delivery Glazing & Metal Works Division Interiors & Furnishing Division Concrete
Slide 33: Commercial Portfolio: Completed and Forthcoming Projects
COMMERCIAL PORTFOLIO: Completed and forthcoming projects Total Leasable Area Sobha Share of Leasable Project Name Status % of area Leased (in sqft) Area (in sqft) Sobha City Mall, Thrissur Completed 94% 338,493 258,247 One Sobha, Bangalore Completed 80% 225,334 150,974 Sub Total 563,827 409,221 Sobh
Slide 34: Sobha Dream Acres Project Status
SOBHA DREAM ACRES PROJECT STATUS Total SBA launched for sale as on Sept – 2021 5.66 mn sqft Total Developable Area Launched 7.43 mn sqft Total SBA Sept till Sept – 2021 5.41 mn sqft Area Completed till Sept - 2021 5.12 mn sqft Percentage sold 96 % Sobha Dream Acres Palm Spring Wing 50 Sobha Dream Ac
Slide 35: Ongoing Projects
ONGOING PROJECTS Sobha Royal Pavilion Wing 4-8, Bangalore Sobha HRC Pristine Wings, Bangalore 35
Slide 36: Ongoing Projects (Contd)
ONGOING PROJECTS: (Contd) Sobha Lake Garden, Tower 5, Bangalore Sobha Lake Gardens Wings 7-8, Bangalore 36
Slide 37: Completed Residential Projects During Q2-22
COMPLETED RESIDENTIAL PROJECTS DURING Q2-22 SOBHA Winchester, Chennai 37
Slide 38: Launched Residential Projects During Q2-22
LAUNCHED RESIDENTIAL PROJECTS DURING Q2-22 SOBHA Arbor, Chennai Artistic Impression 38
Slide 39: Launched Residential Projects During Q2-22
LAUNCHED RESIDENTIAL PROJECTS DURING Q2-22 SOBHA Manhattan Towers, Bengaluru Artistic Impression 39
Slide 40: Board of Directors
BOARD OF DIRECTORS Ravi PNC Menon J.C. Sharma T.P. Seetharam Chairman Vice Chairman & Managing Director Whole-time Director • Over 16 years of experience in the real • Over 38 years of experience in diversified • Distinguished service as a career estate and construction business. industries such as
Slide 41: Thank You
THANK YOU Investors Contact : SOBHA Corporate Office - Bangalore Mr.Subhash Mohan Bhat Sobha Limited. Chief Financial Officer ‘SOBHA’, Sarjapur-Marathahalli Outer Ring Tel: +91-80-49320000 Ext. 5026 Road(ORR), Email: subhash.bhat@sobha.com Devarabisanahalli, Bellandur Post, Mr. Yogesh Bansal Bangalo