Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Investor Presentation (May 2025)
29 slides from Phoenix Mills's investor presentation, May 19, 2025
Slide 1: Cover letter to stock exchanges: Investors' Presentation
Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax : (022) 3001 6601 CIN No. : L17100MH1905PLC000200 May 19, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Pla
Slide 2: The Phoenix Mills Limited Corporate Presentation May 2025
THE PHOENIX MILLS LIMITED Corporate Presentation May 2025 1
Slide 3: India's Leading Retail-led Mixed-use Developer & Operator
India’s Leading Retail-led Mixed-use Developer & Operator INDI A’S L ARG EST COMMERCIAL H O S P I TAL I TY RESIDENTIAL RETAIL P O R T F O L I O Gross Leasable Area* Gross Leasable Area ^ Portfolio Keys^ Gross Saleable Area ^ ~18 msft ~7 msft ~988 ~5 msft Operational Operational Operational OC Receiv
Slide 4: Maximizing Value through Strategic Densification
Maximizing Value through Strategic Densification Retail + Office + Retail + Office + Retail Retail + Office Residences Hospitality Phoenix Mall of Asia + Phoenix Asia Phoenix MarketCity + Palladium + One Phoenix Palladium + Project Rise + The Palladium Ahmedabad Towers, Bengaluru National Park + Cre
Slide 5: Delivered Double Digit Growth over a Decade
Delivered Double Digit Growth over a Decade Consumption (Rs. Cr) Retail Rental (Rs. Cr) CAGR 13,750 CAGR 15% 1,951 14% 2,570 420 FY13 FY25 FY13 FY25 4
Slide 6: Strong performance over the last decade
Strong performance over the last decade Consumption (Rs cr) Retail Rentals (Rs cr) FY13 2,570 FY13 420 ~5x ~5x FY25 13,750 FY25 1,951 Operational FCF (after working capital changes, taxes Consolidated Operational EBITDA (Rs cr) and interest paid) (Rs cr) FY13 263 FY13 132 ~8x ~13x FY25 2,161 FY25 1,
Slide 7: FY25 Highlights
FY25 Highlights 6
Slide 8: FY25: Core Businesses Deliver Steady Growth
FY25: Core Businesses Deliver Steady Growth Core Businesses (Retail, Offices, Hotel) Revenue from Rs. 3,507 cr Operating Rs. 2,111 cr operations EBITDA Up 16% vs FY24 Up 16% vs FY24 Consolidated Group Performance Revenue from Rs. 3,814 cr Operating Rs. 2,161 cr operations EBITDA Down 4% vs FY24 Flat
Slide 9: India's Most Loved Retail Destinations
India’s Most Loved Retail Destinations Operational: 12 Malls | >11 msft | 8 cities ~3,000 130+ mn ~15 mn STORES VISITORS VEHICLES 8
Slide 10: Retail: Creating Experiences, not just spaces
Retail: Creating Experiences, not just spaces We build more than malls… We build moments. 9
Slide 11: Retail Business Overview
Retail Business Overview Operational: 12 Malls | >11 msft | 8 cities FY25 FY25 Retail FY25 Retail Consumption Rental Income EBITDA Rs. 13,750 cr Rs. 1,951 cr Rs. 2,010 cr Up 21% vs FY24 Up 18% vs FY24 Up 20% vs FY24 10
Slide 12: Phoenix Palladium Mumbai: Curating the Next Chapter
Phoenix Palladium Mumbai: Curating the Next Chapter Indicative Render Unveiling West Zone at Phoenix Palladium Mumbai Unparalleled experiences across 250,000 sq. ft. of gross leasable area 5 levels of Retail | Curated F&B offering | Entertainment and more | Additional car parks 11
Slide 13: Commercial Office Business Overview
Commercial Office Business Overview Premium Workspaces Across India’s Growth Cities Operational (FY25): 5 Offices | 2 msft | 2 cities Mar-25 FY25 Total FY25 Occupancy (%) Income EBITDA 67% Rs. 210 cr Rs. 131 cr Up 10% vs FY24 Up 19% vs FY24 12
Slide 14: Millennium Towers, Pune
Millennium Towers, Pune OC Received for Tower 3 Indicative render ~1.30 msft of prime commercial offices (across three towers) OC received for Tower 3 (~0.52 msft) Pre-leasing commenced Upcoming metro ~1 km away Host of world class amenities 13
Slide 15: Phoenix Asia Towers, Bangalore
Phoenix Asia Towers, Bangalore OC received; launching soon GLA of ~0.80 msft Pre-leasing commenced Upcoming metro landing within the campus Host of world class amenities Indicative render 14
Slide 16: One National Park, Chennai
One National Park, Chennai Pre-leasing discussions commenced GLA: ~0.60 msft Indicative Render 15
Slide 17: The St. Regis, Mumbai – The Best Address of Mumbai
The St. Regis, Mumbai – The Best Address of Mumbai Iconic Properties, Elevated Experiences The St. Regis, Mumbai Koishii, The St. Regis, Mumbai 395 keys Rs. 523 Cr FY25 Operating Income Up 7% vs FY24 Rs. 248 Cr FY25 Operating EBITDA Photo shot at location Up 11% vs FY24 16
Slide 18: Courtyard by Marriott Agra: Strong performance
Courtyard by Marriott Agra: Strong performance Iconic Properties, Elevated Experiences Courtyard by Marriott Agra Photo shot at location 193 keys Rs. 57 Cr FY25 Operating Income Up 4% vs FY24 Rs. 18 Cr FY25 Operating EBITDA Up 12% vs FY24 17
Slide 19: One Bangalore West and Kessaku, Bangalore
One Bangalore West and Kessaku, Bangalore Luxury Living in Bangalore One Bangalore West Rs. 212 Cr FY25 Gross Bookings Rs. 219 Cr FY25 Collections ~26,000 psf FY25 Average Sales Price Indicative Render 18
Slide 20: Disciplined Financial Management, Strong Liquidity Position
Disciplined Financial Management, Strong Liquidity Position 31-Mar-24 31-Mar-25 Change Amount Rs. cr Liquidity (Bank balance + 2,209 1,702 - 507 Investments + DSRA)*^ Gross Debt^ 4,366 4,409 + 42 Net Debt^ 2,157 2,707 + 549 Net Debt to EBITDA^ ~1.0x ~1.2x *Does not include amount available in overdr
Slide 21: Investing in the Foundations of Growth
Investing in the Foundations of Growth 20
Slide 22: 5+ million sq. ft. in 5 years: A significant milestone delivered
A significant milestone delivered 5+ million sq. ft. | in 5 years 2019 2024 No of • Phoenix Palassio Operational Malls 7 • Phoenix Citadel • Phoenix Mall of the 12 Millennium • Phoenix Mall of Asia, • Phoenix Palladium GLA in msft 6 Expansion – West 11.5 Zone GLA is an estimate based on current plan
Slide 23: Sustained Portfolio additions
Sustained Portfolio additions Land acquisitions over the past 2 years Dec-22 Feb-23 Nov-23 Apr-24 Aug-24 Sep-24 Chandigarh City Surat Kolkata Thane Bangalore Coimbatore Mohali Land Size ~7.2 acres ~5.5 acres ~11.5 acres ~6.6 acres ~9.0 acres ~13.1 acres Retail-led Under Retail-led Development Retail
Slide 24: A significant milestone – in the pipeline
A significant milestone – in the pipeline 5+ million sq. ft. | in 5 years 2025 2030 No of • Phoenix Grand Operational Malls 12 Victoria • Phoenix Surat 17 • Phoenix Coimbatore • Phoenix Thane • Phoenix Chandigarh GLA in msft 11.5 • Expansion at Phoenix >18 Palladium and PMC B GLA is an estimate base
Slide 25: 2027 & Beyond: From Destination Retail to Integrated Urban Icons
2027 & Beyond: From Destination Retail to Integrated Urban Icons Segments 2025 By 2027 By 2030 Retail ~11.5 msft >14 msft >18 msft Commercial Offices ~3 msft* >7 msft Further densification Hotels ~588 keys ~988 keys under-planning Residential^ ~3.5 msft ~4.5 msft Scaling with Purpose, Powered by Peo
Slide 26: Charting the growth roadmap: 2027 and beyond
Charting the growth roadmap: 2027 and beyond List of target cities Chandigarh/ Thane Coimbatore Hyderabad Mohali Navi NCR Goa Jaipur Mumbai Trivandrum Vishakapatnam Nagpur Cochin and Varanasi 25
Slide 27: Adding Pillars of Governance & Experience to the Board
Adding Pillars of Governance & Experience to the Board Mr. Atul Ruia Mr. Shishir Shrivastava Mr. Rajesh Kulkarni Ms. Rashmi Sen Chairman Managing Director Whole Time Director & Whole Time Director & CEO - Projects Delivery and CEO - Malls Architecture 4 out of 8 Directors are Independent; 2 out of 8
Slide 28: Our Journey to creating Dominant Consumption Destinations
Our Journey to creating Dominant Consumption Destinations ~0.5 msft ~5.5 msft ~6.6 msft ~11.1 msft ~18 msft 1999 to 2007 Launch of HSP Planning/ development of Phoenix Palladium Palladium Thane Ahmedabad Coimbatore Palladium PMC Chennai Phoenix Phoenix Mall Chandigarh/ Block, Phoenix United Bareilly
Slide 29: Thank You
Thank You 28