Shriram Properties Ltd. · NSE:SHRIRAMPPS

Shriram Properties — H1 FY2025 Earnings Presentation

33 slides from Shriram Properties's earnings presentation, Nov 14, 2024

  1. Slide 1: Stock exchange cover letter: Investor Presentation

    November 14, 2024 ƒ–‹‘ƒŽ–‘ š Šƒ‰‡‘ˆ †‹ƒ‹‹–‡† ‹‹–‡† Š‡‹•–‹‰‡’ƒ”–‡– ‡’–‘ˆ‘”’‘”ƒ–‡‡”˜‹ ‡• š Šƒ‰‡Žƒœƒǡͷ–Š Ž‘‘” Š‹”‘œ‡ ‡‡Œ‡‡„Š‘›‘™‡”• Ž‘–ͳȂ Ž‘  ƒŽƒŽ–”‡‡–ǡ ‘”– ƒ†”ƒǦ—”Žƒ‘’Ž‡šǡƒ†”ƒȋȌ —„ƒ‹ͶͲͲͲͲͳ —„ƒ‹ͶͲͲͲͷͳ ”‹’‘†‡ǣͷͶ͵Ͷͳͻ ”‹’‘†‡ǣ ‡ƒ”‹”Ȁƒ†ƒǡ Sub: Investor Presentation —”–Š‡”–‘‘—”‹–‹ƒ–‹‘‘‘˜

  2. Slide 2: Investor Presentation H1FY25 Results

    Investor Presentation H1FY25 Results November 14, 2024 Artist’s impression of Shriram Symphony, Uttarpara, Kolkata

  3. Slide 3: Disclaimer

    This presentation and the accompanying slides (the “Presentation”),, which have been prepared by Shriram Properties 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 securities, a

  4. Slide 4: Shriram Properties brand: Shriram Earth

    Hebbal ra * ® * a “YEARS 2024 - 25 Shriram Earth

  5. Slide 5: Successful Brand Transition Efforts

    Successfull Brand d Transition n Efforts… … A New w Beginning Digitall Campaign 37 Days | 2055 Mn Impressions | 72.8 8 Mn Reach | 2 Mn+ + Views on YouTube Launch h Eventss 3 Cities | 6 High Voltage Events | 950+ + Attendees Outdoorr Visibility 37 Days | 3 Cities | 600+ Hoardings Media 113 Media Cove

  6. Slide 6: Honoring The Past, Embracing The Future

    Honoringg Thee Past,, Embracingg Thee Future… Journeyy sincee RERA* Demonstrated d Strengths Ourr 3 Yearr Mission n (2024-2027) Saless volumee (msf) Scalablee and d seamlesss operatingg platform 1 3.5x 4.6 6 Partnership p managementt capabilities 1.3 3 United d Team m Embracingg an n asset-lightt de

  7. Slide 7: Q2 | H1 FY25 Overview

    Q2 | H11 FY255 Overview 5 Artist’s impression of Shriram WYT Field, Whitefield, Bengaluru

  8. Slide 8: Q2 FY25 – A Challenging Quarter, but a Short-term Aberration

    Q2 FY25 – A Challenging Quarter, but a Short-term Aberration Seasonall issuess impacted d industryy saless volumes • Two inauspicious periods in the same quarter [Aadi/Ashada & Shradh] [vs one last year]. • Reduced launches and completions, amidst administrative delays impacting the sector. • Unseas

  9. Slide 9: Industry Volume Trends – Deferred, Not Lost

    Industryy Volumee Trendss – Deferred,, Nott Lost Top-77 Marketss Saless volume Softt Customerr Sentiments: YoY Y - 11% (No.. off Unitss in n Lacs) Aadi/Ashada & Shradh periods led to subdued sentiment, delaying deal closures in Q2, QoQ Q - 11% 1.20 1.30 1.27 despite strong interest levels. 1.07 Indu

  10. Slide 10: KPI Summary: Q2 | H1 FY25

    KPII Summaryy : Q22 | H11 FY25 Sales volume Saless value Collection Handovers 47% % % 51% 13% % 10% % QoQ QoQ QoQ QoQ Q22 FY25 1.03 568 363 587 msf1 Crores Crores No's -10% -11% -5% 35% % YoY YoY YoY YoY H11 FY25 1.73 945 683 1,122 msf1 Crores Crores No's • Strong g sequentiall growth h in n Q2,, th

  11. Slide 11: Key Highlights: Q2 | H1 FY25

    Key Highlights: Q2 | H1 FY25 Operational Performance Financial Performance • Q2 sales volume up 47% QoQ; sales value up 51% QoQ. • Q2 revenues at Rs. 155 Crs. H1 revenues at Rs. 366 Crs – • Driven by sustenance & contributions from launches, though below plan due to delays in OC/CC. towards the quar

  12. Slide 12: Launches – A Snapshot

    Launchess – A Snapshot Kolkata nai Chennai Bengaluru O Ownership – Own Location - Uttarpara Ownership – DM Area – 0.86 msf Location - Perungalalathur Segmentt – Mid Market Ownership – JDA Area – 0.61 msf Responsee - Project received Location - Yelahanka encouraging response, to drive Segmentt – Mid

  13. Slide 13: Glimpse of Successful Launches during Q2

    Glimpsee off Successfull Launchess duringg Q2 Shriram m Serenity,, Bengaluru Shriram m Swargam,, Chennai Shriram m Symphony – Kolkata 11

  14. Slide 14: Pricing Trends: Stable Pricing; Augurs Well for Strong Demand During H2

    Pricingg Trends:: Stablee Pricing;; Augurss Welll forr Strongg Demandd Duringg H2 Pricee Increasee byy Projectt – Top p Projectss onlyy Avg.. Portfolio o Pricee increasee Trends Increase in Project Name Development type FY'24 H1 FY'25 FY25 6% Shriram WYT Field Apartment 6,143 7,016 14% Shriram WYT F

  15. Slide 15: Financial Highlights: Q2 | H1 FY25

    Financial Highlights : Q2 | H1 FY25 Artist’s impression of Shriram 122 West, Mangadu, Chennai 13

  16. Slide 16: Financials Snapshot: Q2 | H1FY25

    Financialss Snapshot:: Q22 | H1FY25 Revenues Grosss Margin EBIDTA PAT H1:: ₹ 366 6 Crs. H1:: ₹ 94 4 Crs. H1:: ₹ 677 Crs. H1:: ₹ 177 Crs. Q2: ₹ 155 Crs. Q2: ₹ 46 Crs. Q2: ₹ 13 Crs. Q2: ₹ (1) Crs. Muted d Revenuess YoY 32% 18% 5% (H11 FY25) Grosss Margin n % (H11 FY25) EBIDTA A % (H11 FY25) PAT T % (H

  17. Slide 17: Financial Highlights: Profit & Loss - Q2 | H1FY25

    Financiall Highlightss : Profitt & Losss - Q22 | H1FY25 Particularss (INR R Crs) Q22 FY25 Q22 FY24 H11 FY25 H11 FY24 FY24 Income from operations 140.6 206.2 294.6 341.2 864.6 Other operating revenues 9.7 19.7 62.8 37.3 103.0 Totall operatingg revenues 150.3 225.9 357.4 378.5 967.66 Other income 4.8

  18. Slide 18: Financial Highlights: Profit & Loss - Q2 | H1FY25 (contd.)

    Financiall Highlightss : Profitt & Losss - Q22 | H1FY255 (contd.) Q22 FY25 o Q2 Revenue recognition suffered due to delayed OC/CC/RO in 3 Projects (see next slide). o Impact of over Rs. 150 Crs in revenue recognition, now deferred to Q3/H2. o Management confident of recouping deferred volumes. Full

  19. Slide 19: Q2FY25 Revenue Recognition Deferred in Projects

    Q2FY255 Revenuee Recognition n Deferred d in n 3 Projects Project SPLL Areaa Sold d Revenuee Revenuess Reason n forr delay Area (%) recognised d deferred d (msf) tilll Q22 to o Q3/H22 (Rs.. Crs) (Rs.. Crs) Pristine Estates 0.79 82% ~40 ~85 Release order (part) delayed (Bengaluru) - Demand for penalt

  20. Slide 20: Consolidated Cash Flows – Q2 | H1 FY25

    Consolidated d Cash h Flowss – Q22 | H11 FY25 (Excl. DM & JV cashflows) Amountt in n Rs.. Crss Q22 FY25 Q11 FY25 H11 FY25 H11 FY24 FY24 4 Collection n Trendss (Rs.. In n Crs) Collections 200 156 356 310 699 SPLL Own n & JDA A / JVss / DM DM Income 17 7 24 97 123 1,391 Other Inflows 0 0 0 1 1 721 683

  21. Slide 21: Financial Highlights: Balance Sheet | H1 FY25

    Financial Highlights : Balance Sheet|H1 FY25 Particulars (Rs Crores) 30-Sep-24 31-Mar-24 Fixed Assets 82 86 Investments, Financial assets and loans 223 295 Inventories 2,706 2,520 Cash and Bank Balances 127 190 Other Assets 715 684 Total Assets 3,852 3,775 Less: Liabilities* 2,557 2,498 Net Assets 1

  22. Slide 22: Debt Profile: Well Managed Leverage Ratios & Cost of Debt

    Debtt Profile:: Welll Managed d Leveragee Ratioss & Costt off Debt Debtt Profilee & Costt off Debtt Trendss - Consolidated Changee in n Debtt Composition n – Sep’211 (Pre-IPO)) vss Sep’24 Particularss (Rs.. in n Crs.) Mar'22 Mar’23 Mar’24 Sep’24 SEP’21 SEP’24 Gross External Debt1 481 553 631 534 Oth

  23. Slide 23: Outlook for H2 FY25

    Outlook for H2 FY25 Artist’s impression of Shriram Chirping Woods, Sarjapura, Bengaluru 21

  24. Slide 24: FY25 Outlook: Strategy & Guidance

    FY255 Outlook:: Strategyy & Guidance FY255 KPII Targets 20% % 27% % 29% % 17% % YOY YOY YOY YOY 5.2-5.5 2750-3000 0 1700-1800 0 3300-3500 msf Crs. Crs. No's Saless volume Saless value Collection C ll i Handovers H d _________________________ • YoY Growth % comparison on the higher end of the estimat

  25. Slide 25: FY25 Project Delivery: Targeting Ahead of RERA Timelines

    FY255 Projectt delivery:: Targetingg aheadd off RERA A Timelines Project Name Total Area Type No. of RERA date % Estimated (mf) units Completed Completion/ OC 107 South East Phase I 0.45 Apt. 634 19-Jul-2025 Completed 9 Eden Phase II 0.25 Plots 158 31-Dec-2024 Completed 9 Pristine Estates 1.11 Plots

  26. Slide 26: FY25 Launch Calendar: Largely on track

    FY25 Launch Calendar : Largely on track FY25 Project Dev. Launch Project Status change Project details** Region Projected type Model Quarter Area from March Sales volume Shriram Serenity Bangalore Apartments JDA Q2 0.37 0.19 9 Shriram Swargam Chennai Apartment DM Q2 1.00^ 0.20 9 Shriram Symphony Kol

  27. Slide 27: Project Pipeline Update

    Projectt Pipelinee update Projectt Pipelinee (msf)* Upcoming – 17 msf Ongoing – 23 msf 1.4 40.2 4.5 11.3 4.3 10.4 8.3 Ongoing Ongoing Ongoing Upcoming Upcoming Upcoming Sub-Total Owned JV / JDA DM Owned JV / JDA DM # 8 10 8 9 6 1 42 Pipeline – By Region Pipeline – By Development Type 16% 14% 9 Overa

  28. Slide 28: Thank You

    Thank You Artist’s impression of Shriram Blue, KR Puram, Bengaluru 26

  29. Slide 29: Shareholding Pattern as at 30 September 2024

    Shareholdingg Pattern n ass att 30 0 Septemberr 2024 Category No.of Holders % Promoters 3 28% Shareholdingg Pattern n ass att 30 0 Septemberr 2024 Institutions & Corporates 680 32% Public 85,446 40% Institution & Corporates Public Total 86,129 100% 32% 40% Promoters 28% Promoterr Shareholdingg Compo

  30. Slide 30: Other Annexures

    Otherr Annexures 28

  31. Slide 31: Annexure-2: Projects Snapshot by Development Models

    Annexure--2:: Projectss Snapshott byy Developmentt Models Own n Developments Jointt Developments Jointt Ventures Developmentt Management Execution n Trackk Record Execution n Trackk Record Execution n Trackk Record Execution n Trackk Record Completed Completed Completed Completed 9 8 projects 9 24 4

  32. Slide 32: Annexure-3: Consolidated Cash Flows – With and Without JV Cashflows

    Annexure--3: Consolidated Cash Flows – With and Without JV Cashflows Particulars SPL Consolidated (CFS) SPL Enterprise (100%)1 (Excl DM) Amount in Rs. Crs H1FY25 FY24 H1FY25 FY24 Collections 356 699 557 1232 DM Income 24 123 24 121 Other Inflows 0 1 0 1 Operating Inflow 380 823 581 1354 Construction

  33. Slide 33: For further information, please contact

    For further information, please contact: Company : Investor Relations Advisors : http://www.sgapl.net/images/sgapl_logo.jpg Shriram Properties Limited Strategic Growth Advisors Pvt. Ltd. CIN – L72200TN2000PLC044560 CIN - U74140MH2010PTC204285 Mr. Shrikanth D S, AGM – Finance Mr. Rahul Agarwal / Ms.

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