Horizon Industrial Parks Limited · NSE:HORIZONIND
Horizon Industrial Parks — Q2 FY27 Earnings Presentation
44 slides from Horizon Industrial Parks's earnings presentation, Oct 29, 2026
Slide 1: Outcome of Board Meeting letter to exchanges
Date: October 29, 2026 To, BSE Limited National Stock Exchange of India Limited 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400 051 BSE Scrip Code: 544880 NSE Scrip Symbol: HORIZONIND Sub: Outcome of the Board Meeti
Slide 2: Independent Auditor's Review Report - consolidated
M S K C & Associates LLP S G C O & Co. LLP Chartered Accountants Chartered Accountants 602 Floor 6, Raheja Titanium, 4A Kaledonia, 2nd Floor Western Express Highway, Sahar Road Geetanjali, Railway Colony, Ram Nagar, Near Andheri Station Goregaon (E), Mumbai - 400 063 Andheri (East), Mumbai - 400 063
Slide 3: Independent Auditor's Review Report (continued)
M S K C & Associates LLP S G C O & Co. LLP Chartered Accountants Chartered Accountants 5. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the
Slide 4: Annexure 1 - List of subsidiaries and joint venture
M S K C & Associates LLP S G C O & Co. LLP Chartered Accountants Chartered Accountants Annexure 1 List of subsidiaries and joint venture included in the consolidated unaudited financial results of Horizon Industrial Parks Limited: Relationship with the Holding Sr. No Name of the Entity Company 1 Alo
Slide 5: List of subsidiaries (continued)
M S K C & Associates LLP S G C O & Co. LLP Chartered Accountants Chartered Accountants 21 GoodLuck Buildtech Private Limited Subsidiary company 22 ILV Distripark (Mappedu) Private Limited Subsidiary company 23 ILV Distripark (MWC) Private Limited Subsidiary company 24 ILV Distripark Private Limited
Slide 6: List of subsidiaries (continued)
M S K C & Associates LLP S G C O & Co. LLP Chartered Accountants Chartered Accountants 44 Talegaon Industrial Parks Private Limited Subsidiary company 45 VKP-2 Industrial Parks Private Limited Subsidiary company 46 Vadakkupattu Industrial Parks Private Limited Subsidiary company Venkatapura Logistic
Slide 7: Unaudited Consolidated Financial Results
Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) CIN: L60231MH2009PLC222156 Registered Address: One World Centre, Unit No 1501B, Tower I, 841, Jupiter Tedile Mills, Senapati Bapal Marg, Mumbai, Maharashtra, India, 400013 Unaudited Consolidated Financial R
Slide 8: Unaudited Consolidated Balance Sheet
Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) CIN: L6023IMH2009PLC222156 Registered Address: One World Centre, Unit No 15018, Tower 1,841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai, Maharashtra, India, 400013 Unaudited Consolidated Balance She
Slide 9: Unaudited Consolidated Statement of Cash Flows
Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) CIN: L60231MH2009PLC222156 Registered Address: One World Centre, Unit No 1501B, Tower 1, 841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai, Maharashtra, India, 400013 Unaudited Consolidated Statement
Slide 10: Notes to consolidated results
Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) CIN: L6023IMH2009PLC2221S6 Registered Address: One World Centre, Unit No lS0lB, Tower l, 841, Jupiter Textile Mills, Senapati Ba pat Marg, Mumbai, Maharashtra, India, 400013 Notes : I The unaudited consolid
Slide 11: Independent Auditor's Review Report - standalone
M S K C & Associates LLP S G C O & Co. LLP Chartered Accountants Chartered Accountants 602 Floor 6, Raheja Titanium, 4A Kaledonia, 2nd Floor Western Express Highway, Sahar Road Geetanjali, Railway Colony, Ram Nagar, Near Andheri Station Goregaon (E), Mumbai - 400 063 Andheri (East), Mumbai - 400 063
Slide 12: Auditor's Review Report (continued)
M S K C & Associates LLP S G C O & Co. LLP Chartered Accountants Chartered Accountants 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurem
Slide 13: Unaudited Standalone Financial Results
Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) CIN: L60231MH2009PLC222156 Registered Address: One World Centre, Unit No 15018, Tower 1, 841, Jupiter Textile Mills, Senapati Ba pat Marg, Mumbai, Maharashtra, India, 400013 Unaudited Standalone Financial R
Slide 14: Unaudited Standalone Balance Sheet
Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) CIN: L60231MH2009PLC222156 Registered Address: One World Centre, Unit No 15018, Tower l, 841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai, Maharashtra, India, 400013 Unaudited Standalone Balance Shee
Slide 15: Unaudited Standalone Statement of Cash Flows
Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) CIN: L60231MH2009PLC222156 Registered Address: One World Centre, Unit No 15018, Tower 1, 841, Jupiter Textile Mills, Senapati Ba pat Marg, Mumbai, Maharashtra, India, 400013 Unaudited Standalone Statement o
Slide 16: Notes to standalone results
Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) CIN: L602JlMH2009PLC222156 Registered Address: One World Centre, Unit No 1501B, Tower 1,841, Jupiter Textile Mills, Senapati Bapat Marg, Mumbai, Maharashtra, India, 400013 Notes: I The unaudited standalone
Slide 17: Horizon Industrial Parks reports strong Q2 FY27 performance
Horizon Industrial Parks reports strong Q2 FY27 performance with Revenue up 30%, EBITDA up 33% and all time high leasing throughput of 2.5 million square feet in the quarter Mumbai, India, October 29, 2026: Horizon Industrial Parks Limited (NSE: HORIZONIND / BSE: 544880), India's largest industrial
Slide 18: About Horizon Industrial Parks
About Horizon Industrial Parks Horizon Industrial Parks is India's largest industrial and logistics infrastructure owner and developer. The platform comprises a network of approximately 61 msf across 46 assets in 10 cities, including ~32 M sf of operational assets and ~2,300 acres of land bank. Hori
Slide 19: Earnings Update Q2'FY27
Earnings Update Q2’FY27 Fulfillment Centers | Industrial | In-City | Business Ecosystem Farukhnagar I, NCR
Slide 20: Disclaimer
Disclaimer This presentation is issued by Horizon Industrial Parks Limited (the “Company”) for general information purposes only, without regards to the specific objectives, financial situation or requirements of any particular person. This presentation may not be copied, published, distributed or t
Slide 21: Overview
Overview India’s #1 industrial and logistics infrastructure developer & owner providing end-to-end solutions NORTH • 14 parks Key Statistics • 527 acres • 12 M sf Large Format Delhi - NCR 61 M sf ~2,300 • 3 M sf In-City Total Network Land Bank (Acres) across 46 Assets Ahmedabad ~32 M sf 94% Nagpur N
Slide 22: We own prime real estate in key gateway markets
Oragadam, Chennai We own prime real estate in best neighbourhoods in key gateway markets Q2’FY27 Earnings Material | 4
Slide 23: Grown 6x in 6 years, pan-India presence
Hosur, Bangalore Grown 6x in 6 years, with a well diversified pan-India presence Q2’FY27 Earnings Material | 5
Slide 24: Executive Summary - Q2'FY27
Executive Summary - Q2’FY27 Strong financial and operational performance underpinned by continued execution momentum Revenue Growth EBITDA Growth De-levered Balance Sheet Rs 2,150 M Rs 1,735 M / 81% Rs 27,651 M Revenue EBITDA / Margin Net debt 30% 34% 15% YoY Growth YoY Growth Net Debt to Enterprise
Slide 25: Sectoral Tailwinds
Sectoral Tailwinds Horizon is riding the wave of three key megatrends shaping the Indian economy 23% / 47% Formalization & E-Comm / Q-Comm GMV Growth (FY24-30E) 32% Institutionalization 0.5 sf Grade-A Logistics of the Sector Demand CAGR (FY26-30E) India per capita stock (vs. 47 sf in US) Robust demo
Slide 26: Financial Updates
Financial Updates Strong revenue growth of 30% and EBITDA growth of 34% during the quarter Revenue (Rs M) EBITDA (Rs M) 30% 34% YoY Growth YoY Growth Strong Forward Visibility Q2'FY27 2,150 Q2'FY27 1,735 as of Sep’26 Q2'FY26 1,655 Q2'FY26 1,296 Rs 10,046 M Contracted Revenue Run-Rate(1) 27% 35% YoY
Slide 27: Fortress Balance Sheet
Fortress Balance Sheet Robust balance sheet post de-leveraging with ample growth headroom • Raised growth capital totaling Rs 42,500 M (incl. Rs 16,500 M pre-IPO in Dec’25) • Achieved debt reduction of Rs 39,000 M, utilizing the pre-IPO and IPO proceeds, expecting positive impact on credit rating /
Slide 28: Strong Leasing & Development Track Record
Strong Leasing & Development Track Record On track to lease 6.5 M sf and deliver 6 M sf in FY27E Leasing Development (M sf) (M sf) 2.6x 6.5 3.3x 6.0 5.1 5.2 4.2 4.4 H1’FY27 3.0 2.5 68% 2.7 Achieved 1.8 H1’FY27 45% Achieved Average Average FY26 Target FY27 Average Average FY26 Target FY27 FY22 & 23 F
Slide 29: Continued Leasing Momentum across Geographies and Sectors
Continued Leasing Momentum across Geographies and Sectors In H1’FY27, leased 4.4 M sf across 27 transactions, including 1.2 M sf of re-leasing and renewals at a 12% spread Classification by Sectors (M sf) 27 Leases signed in H1’FY27 0.8 M sf Logistics & Consumption 0.9 M sf EV and Automotive 0.8 M s
Slide 30: Marquee Customer Base
Marquee Customer Base Horizon caters to nearly every sector of the Indian economy High Credit Quality + Long Leases >> Strong Cash Flow Visibility Logistics Consumer As of Sep’26 130 Customers 24% 27% 53% Fortune 500 Renewables 9% Customers(1) Manufacturing & Others 26% 14% 41% EV & Auto Repeat Busi
Slide 31: Large Format Parks - Development Progress
Large Format Parks - Development Progress Strong development progress continues in H1’FY27 Apr’26 Mar’26 Hosur, Bangalore – Sep’26 Chakan V, Pune - Sep’26 Recently completed – 0.2 M sf Leased to Delhivery – 0.4 M sf Q2’FY27 Earnings Material | 13
Slide 32: In-City Portfolio - Development Progress
In-City Portfolio - Development Progress Target launch of Pimpri, Pune (0.3 M sf) in-city site in Q4’FY27; advance leasing discussions underway for 0.1 M sf Pre - Construction Sep’26 Status Sep’25 Status Q2’FY27 Earnings Material | 14
Slide 33: Way Forward
Way Forward Horizon combines scale, capability and multiple levers to drive continued growth Horizon is a high-growth platform with multiple embedded growth levers Contractual Large Format Parks In-City Growth (~24 M sf development (~6 M sf development Value Added Services (existing ~32 M sf) potent
Slide 34: Annexure
Annexure Kothur, Hyderabad
Slide 35: Horizon's Core Offerings
Horizon’s Core Offerings India’s growth in consumption & manufacturing directly drives demand for Horizon’s institutional quality infrastructure Fulfillment Centers : Large distribution hubs in major consumption markets Leased ~15 M sf to Growth Drivers: e-commerce, • Growth in e-commerce 3PL, retai
Slide 36: PAT Bridge - H1'FY27
PAT Bridge - H1’FY27 Proforma Cash PAT of Rs 2,484 M reflects true ongoing profitability after adjusting non-cash book depreciation & interest savings from debt repayment Newly built, long- Rs 2,484 M term assets with negligible upkeep capex Rs 843 M Rs 1,641 M Rs 1,618 M Rs 23 M Reported PAT Book D
Slide 37: Financial Performance
Financial Performance In H1’FY27, Horizon generated Rs 3,344 M operational EBITDA (+35% YoY) Growth Growth Rs M Q2'FY27 Q2'FY26 H1'FY27 H1'FY26 (YoY) (YoY) Revenue from Operations Rs 2,150 Rs 1,655 30% Rs 4,155 Rs 3,285 27% Asset EBITDA 1,968 1,534 28% 3,812 3,030 26% Asset EBITDA Margin (%) 92% 93%
Slide 38: Sustainability and Accolades
Sustainability and Accolades Sustainability isn't an afterthought — it's built into our assets from design stage and maintained over their life >90% assets are IGBC Platinum / LEED / EDGE Certified Amongst first industrial & logistics space to achieve IGBC Green Champion Award for pioneering adoptio
Slide 39: Renewable Energy Focus
Renewable Energy Focus Continuous focus on renewable energy with on-site solar, pilot BESS installation, open access solutions and EV charging infrastructure On-site solar - 38 MW capacity Installed / Underway EV charging stations: 151 EV chargers (1 MW capacity) BESS – Pilot installation underway i
Slide 40: Board of Directors
Board of Directors Reputed board members with significant experience across businesses Anshu Prakash Asheesh Mohta ▪ 35+ years experience ▪ 24+ years experience in real estate investment ▪ Retd. IAS Officer ▪ Head of Blackstone Real Estate India ▪ Former Telecom Secretary ▪ Director, Nexus Select Tr
Slide 41: Leadership Team
Leadership Team Highly scalable platform led by seasoned leadership Urvish Rambhia RK Narayan Kunal Shah Mahendra Waghule Pooja Malik Chief Executive Officer Chief Investment Officer Chief Financial Officer Chief Development Officer Chief Leasing Officer Taruna Mahajan Swati Karmarkar Mitesh Garg Av
Slide 42: Model Large Format Park
Model Large Format Park Green Cover Our Specifications ▪ 200-300k sf typical ▪ FM2 floor; 5-10 ton building sizes capacity ▪ 12m clear heights ▪ Power availability ▪ 1.2m high plinth ▪ Ample parking ▪ 12m road + 16m apron for ▪ Fire-fighting 40-feet truck infrastructure Perspective of Horizon Dobbas
Slide 43: Model In-City Centre
Model In-City Centre Q-Comm. / Online E-Comm. / D2C R&D Labs Cloud Kitchen Cold Storage Service Airline SME Industrial Pharma Businesses Centers Catering Facilities Grade A Specifications ▪ 3-ton load on ground floor / 1.5 ton on top floors ▪ G+3 Pre-cast RCC building ▪ Ramps access (20ft truck) ▪ ~
Slide 44: Thank you
Thank you https://www.hiparks.com/ investor.relations@hiparks.com Horizon Industrial Parks Ltd Floor 15, Tower 1, One World Center Lower Parel, Mumbai 400 013
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