Ndr Invit Trust · NSE:NDRINVIT
Ndr Invit Trust — Q3 FY2025 Earnings Presentation
34 slides from Ndr Invit Trust's earnings presentation, Jan 30, 2025
Slide 1: Investor Presentation Q3 & 9M FY25
INVESTOR PRESENTATION Q3 & 9M FY25
Slide 2: Safe Harbor
Safe Harbor Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could aff ect the Trust's operations include change
Slide 3: A Brief Snapshot
A Brief Snapshot Strong Lineage Marquee Investors Strategic Positioning in High Growth ▪ Over six decades of experience ▪ Anchor Investor – Investcorp Markets spanning three generations in the ▪ Bond Investors – IFC, NaBFID ▪ Locations with access to 80% of India’s Logistics Industry. Consumption Ma
Slide 4: Business Overview
BUSINESS OVERVIEW
Slide 5: Competitive Edge
Competitive Edge Perpetual Cash Flow Consistently High Occupancy Rates ▪ India’s first perpetual InvIT ▪ Occupancy levels at ~98%, the highest amongst ▪ Predictable and consistent revenue stream, peers ensuring perpetual cash flow for investors ▪ Industry leadership and Client Loyalty ensure low vac
Slide 6: Presence in High Growth Markets
Presence in High Growth Markets Area Contribution Revenue Contribution (% of total mn sq.ft.) (% of total revenue) Presence in major consumption and production hubs 61.92 19.38 64.11 Current AUM 20.09 10.41 6.18 Delhi Sohna 8.29 9.62 Bilaspur South West North East South West North East Area Contribu
Slide 7: Diversified and High-Quality Tenant Base
Diversified and High-Quality Tenant Base Top 10 customers contribute 35% of Gross Rentals Classification Contribution Revenue Contribution Classification % Area % Rental (% of Total mn sq.ft.) (% of Total Revenue) Logistics and 3 PL 44.03 43.12 Home Appliance 14.62 14.03 Retail 12.54 15.34 Auto & In
Slide 8: Quarter Highlights
QUARTER HIGHLIGHTS y Le ' a f » U Se few dl WOR (JEN SY ose
Slide 9: Quarterly Updates
Quarterly Updates The National Bank for Financing International Finance Corporation (IFC) Infrastructure and Development (NaBFID) Sustainability Linked Bond (SLB) Principal Amount – Rs. 7,450 mn Principal Amount – Rs. 6,300 mn Coupon – 8.10% Coupon – 8.05% Tenure – 15 years Purpose - Acquisition and
Slide 10: High Quality Industrial & Warehousing Acquisition
High Quality Industrial & Warehousing Acquisition Prominent Grade A properties across four consumption/production center, designed and built to high specifications Surat (0.90 MSF) Bengaluru (KIADB) (0.33 MSF) Key Portfolio Metrics INR 8,562 mn GAV INR 7,061 mn Acquisition price* 2.01 MSF Operating
Slide 11: Commenting on the Performance
Commenting on the Performance Q3 was a defining quarter for us as we grew our Revenues, EBITDA, and expanded our footprint in Prime Locations. We were also the first InvIT in India to issue ‘Sustainability Linked Bonds’ via. IFC, and NaBFID, India’s premier Infrastructure Financing Bank, also took p
Slide 12: Financial Overview
FINANCIAL OVERVIEW
Slide 13: Q3 & 9M FY25 Highlights
Q3 & 9M FY25 Highlights FINANCIAL DISTRIBUTION Q3 FY25 Q3 FY25 9M FY25 INR 2,295.72 Distribution Operating Revenue INR 793.20 mn INR 1.75 mn Per Unit (DPU) EBITDA* INR 715.55 mn INR 2,034.50 mn Distribution Yield 7 %** Profit Before Tax INR 435.54 mn INR 1,281.21 mn Distribution February 12, Record
Slide 14: Profit & Loss Statement (in INR mn)
Profit & Loss Statement (in INR mn) Particulars Q3 FY25 Q2 FY25 Variance (%) 9M FY25 (Unaudited) (Unaudited) Income and Gains Revenue from Operations 793.20 750.75 13.52 2,295.72 Gain on investments 3.67 3.23 187.18 7.37 Interest income 12.05 4.19 0.07 26.71 Other Income 2.57 2.57 6.67 6.46 Total In
Slide 15: Key Highlights
Key Highlights Revenue (INR mn) EBITDA (INR Mn) 840 770 793.2 715.55 790 700 657.88 653.53 751.77 750.75 740 630 690 560 Q1 FY25 Q2 FY25 Q3 FY25 Q1 FY25 Q2 FY25 Q3 FY25 Occupancy (%) Area (mn sq. ft.) Distribution (INR/Unit) 100% 20 19.01* 2 1.75 1.75 1.75 98 98 96 16.96 16.99 1.5 16 1 0.5 90% 12 0
Slide 16: Profile of Releasing and Renewal
Profile of Releasing and Renewal ~16*% of the leased portfolio coming up for renewal in FY26 Lease for renewal (mn sq. ft.) 2.71* 1.94 0.92* FY26 FY27 FY28 *Includes leased area from assets under acquisition. www.ndrinvit.com 15
Slide 17: Unitholding Details
Unitholding Details Unitholding Pattern 18.12 Unitholding Summary 40.39 (385 mn units) 21.31 4.31 15.87 40.39% 59.61% Sponsor Group Public (Others) Sponsor Group Insurance Institutional Holdings (Others) Investcorp Non-Institutional Holdings www.ndrinvit.com 16
Slide 18: Annexures
ANNEXURES
Slide 19: Key Milestones
Key Milestones Journey Towards the First Perpetual Warehousing InvIT in India 1954 2018 2021 Start of NDR Group operations 2005 2005 – 09 Global leader in logistics and INVESTCORP supply chain solutions Bespoke facility in Formation of Delex Cargo $55 mn Investcorp led acquires a 90% stake Puducherr
Slide 20: NDR InvIT Structure
NDR InvIT Structure NDR Warehousing Pvt. Ltd. (Sponsor) Unitholders / Investors Service (Trustee) (Investment Managers) Project Manager 19 SPVs 1 - SPV (100% Owned) (74% Owned) www.ndrinvit.com 19
Slide 21: Strong and Experienced Board
Strong and Experienced Board Naidu Amrutesh Reddy Ramdas Ritesh Vohra M.S. Sundara Rajan Brinda Jagirdar G.K. Ravishankar Director Ramakrishnan Iyer Director Independent Director Independent Director Independent Director Director With over 24 years of With over 16 years of With over 25 years of Mr.
Slide 22: Assets Under Management - South Zone
Assets Under Management South Zone Total Area: 10.64 mn sq.ft. Properties: Include mix of Built-to-Suit, Under-Construction, and ready facilities across key South Zone Consumption and Production markets. Sector Diversification: Catering diverse sectors including Logistics & 3PL, E-Com, FMCG, Automot
Slide 23: Assets Under Right of First Offer (ROFO) - South Zone
Assets Under Right of First Offer (ROFO) South Zone Total Area: 5.35 mn sq. ft. Properties: Include mix of Built-to-Suit, Under-Construction, and ready facilities across key South Zone Consumption and Production markets. Sector Diversification: Catering diverse sectors including Logistics & 3PL, Aut
Slide 24: Assets Under Management - West Zone
Assets Under Management West Zone Total Area: 3.33 mn sq.ft. Properties: Include mix of Built-to-Suit and ready facilities across key West Zone Consumption and Production markets. Sector Diversification: Catering diverse sectors including Logistics & 3PL, E- Com, FMCG, Automotive & Industrial, Consu
Slide 25: Assets Under Right of First Offer (ROFO) - West Zone
Assets Under Right of First Offer (ROFO) West Zone Total Area: 0.97 mn sq. ft. Properties: Include a mix of Built-to-Suit, Under-Construction, and Ready facilities across key West Zone Consumption and Production markets, serve diverse sectors, including Automotive, Agriculture, and Industrial. Strat
Slide 26: Assets Under Management - North Zone
Assets Under Management North Zone Total Area: 1.79 mn sq.ft. This quarter, we achieved a significant milestone with the successful completion and full leasing of a state-of-the-art 308,000 sq. ft. warehouse at the Sohna Industrial Park. Designed to meet the needs of a leading logistics provider. No
Slide 27: Assets Under Management - East Zone
Assets Under Management East Zone Total Area: 1.42 mn sq.ft. Properties: Fully leased assets located in key Consumption and Production markets. Sector Diversification: Catering diverse sectors including Logistics & 3PL, E-Com, FMCG, Automotive & Industrial, Consumer Durables, Electronics and othe No
Slide 28: Assets Under Right of First Offer (ROFO) - East Zone
Assets Under Right of First Offer (ROFO) East Zone Total Area: 1.29 mn sq. ft. Properties: Include a mix of Built-to-Suit, Under-Construction, and Ready facilities across key East Zone Consumption and Production markets, serve diverse sectors, including Automotive, Agriculture, and Industrial. Strat
Slide 29: Pipeline Assets (Under InvIT)
Pipeline Assets (Under InvIT) Under Construction & Future Development| All Zones Total Area: 1.69 mn sq. Ft. (Includes 0.2 mn sq.ft. of under-fitouts) Logistics & 3PL, Pharma, Home Appliances Actual Photos www.ndrinvit.com 28
Slide 30: Enterprise Risk Management
Enterprise Risk Management Industry, Business and Investment risk Mitigated via, Financial risk Mitigated via, Concentration risk Mitigated via, Competent personnel, Prudent SPV Debt replaced with long term Presence across India’s leading Management and High Governance bonds leading to amplified Con
Slide 31: ESG and SDG Philosophy
ESG and SDG Philosophy ENVIRONMENTAL HEALTH & SAFETY SOCIAL GOVERNANCE • Preserving and conserving • Health literacy education and • Adherence to minimum • Competent board reporting groundwater projects wages mechanisms and periodic • Waste segregation and • Preventive and mitigation • Avoidance of
Slide 32: SDG & CSR - Our Commitment to Sustainability
SDG & CSR - Our Commitment to Sustainability Harvesting Health and Harmony Driving Change with Eco-Friendly Practices At Vanshil , we engage in organic farming within our To reduce our environmental footprint, we’ve introduced warehouse compound, growing a variety of fruits and electric bikes for in
Slide 33: Sustainability Linked Bond and EDGE Certification
Sustainability Linked Bond and EDGE Certification Commitment to Aligning Finance with EDGE-Certified Sustainable Growth Sustainability Warehouses Strong focus on environmentally • Financial instruments tied to Targeting a reduction in the usage responsible infrastructure measurable sustainability ta
Slide 34: Thank You
THANK YOU For further information please contact NDR InvIT Trust NDR InvIT Trust Investor Relations Mr. Sandeep Jain Ms. Neha Chovatia Adfactors PR Private Limited Chief Financial Officer Company Secretary & Compliance Officer Ms. Savli Mangle sandeep@ndrinvit.com neha.chovatia@ndrinvit.com savli.ma