Slide 1: Filing cover letter to stock exchanges
... - S OBHA PASS I ON AT WORK Date: November 06, 2023 To To The Deputy Manager The Manager Department of Corporate Services The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Plot No C/1, G Block PJ Towers, Dalal Street Bandra Kurla Complex Mumbai - 400 001 Mumbai - 400 051 Sc
Slide 2: Investor Presentation September 2023
Investor Presentation Artistic Impression PASSION AT WORKof SOBHA Neopolis, Bangalore 1 September 2023
Slide 3: SOBHA: Leading through excellence, scale and innovation
SOBHA: Leading through excellence, scale and innovation Established on a solid footing Consistent delivery at scale ‣ Bangalore headquartered Real Estate & Construction firm with 28 years of ‣ 131.90 mn sft completed in 535 developments till date across 27 cities delivering international quality res
Slide 4: Awards and Recognitions received in Q2 FY 2024
Awards and Recognitions received in Q2 FY 2024 ■ 13th Construction Week India Awards SOBHA won 'Real Estate Company of the Year — South' at the 13th Construction Week India Awards 2023 18th Construction World Architect and Builder (CWAB) Awards SOBHA honoured as 'One of India's Top Builders' at the
Slide 5: Contents
Contents ► Cashflow Sales Performance Financials & Operations Project Updates PASSION AT WORK 4
Slide 6: Consistent Cashflow performance continues
Consistent Cashflow performance continues Highest ever inflows recorded in Q2-FY24, aided by strong growth in Real Estate collections Rs Billion Total Operational Cash Inflow Real Estate Cash Inflow 14.07 14.22 14.50 13.35 13.55 12.60 11.18 11.57 11.79 11.48 10.82 8.88 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24
Slide 7: Cashflows - Quarter and Half-yearly highlights
Cashflows - Quarter and Half-yearly highlights Rs Billion Total Operational Cash Inflow – H1-24 Real Estate Cash Inflow – H1-24 ‣ Total collections for the half-year period improved by 14.4%, aided by highest ever collections from Real Estate business of Rs. 24.08 bn 28.05 14% ‣ For the quarter, col
Slide 8: Cashflow Statement – Q2 FY 2024
Cashflow Statement – Q2 FY 2024 Rs Million Particulars Q2-24 Q1-24 Q2-23 H1-24 H1-23 FY-23 Operational cash inflows Real Estate Operations 12,598 11,478 10,817 24,076 19,700 43,058 Contractual & Manufacturing 1,902 2,073 2,534 3,975 4,827 9,765 Total Operational cash inflow (A) 14,500 13,551 13,350
Slide 9: Cashflow Statement – Q2 FY 2024…continued
Cashflow Statement – Q2 FY 2024…continued Rs Million Particulars Q2-24 Q1-24 Q2-23 H1-24 H1-23 FY-23 Financing related net cashflows Debt related net outflow 490 483 534 972 1,063 2,056 Dividend including taxes 284 - 285 284 285 285 Total Financing Outflows (D) 774 483 819 1,257 1,348 2,341 Net Cash
Slide 10: Net Debt reduction of Rs 16.1 bn in the last 12 quarters
Net Debt reduction of Rs 16.1 bn in the last 12 quarters 36 1.32 1.31 1.40 1.25 1.23 1.19 Net Debt to Equity reduced by 56% from 1.32 to 0.58 in 12 quarters 32 1.11 1.20 30.50 29.75 28.52 0.97 28.17 27.78 1.00 28 0.87 26.54 0.77 0.72 0.80 23.37 0.66 0.63 24 0.58 21.10 0.60 20 18.89 17.69 0.40 16.40
Slide 11: Cost of borrowing remains competitive at 9.14%
Cost of borrowing remains competitive at 9.14% RBI rate hike by 2.5% since Q4-22 has led to increase of 74 basis points in SOBHA’s cost of borrowing 9.11% 9.14% 9.04% 8.98% 8.93% 8.85% 8.81% Rate of Interest % 8.65% 8.57% 8.40% 8.45% Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24
Slide 12: Residential Real Estate Portfolio: Projected Cashflow as on 30th September 2023
Residential Real Estate Portfolio: Projected Cashflow as on 30th September 2023 Completed - with Ongoing - Area Ongoing - Area Particulars Total Unit unsold inventory offered for sale not offered for sale Total Saleable area 15.92 20.22 0.18 36.32 Mn sft Sobha’s share of Saleable area 14.65 19.26 0.
Slide 13: Contents
Contents Cashflow ► Sales Performance Financials & Operations Project Updates PASSION AT WORK 12 SOBHA
Slide 14: Historic best Sales performance achieved in Q2 FY 2024
Historic best Sales performance achieved in Q2 FY 2024 Quarter & Half Year Sales highlights New Sales Area (Mn sft) ‣ Achieved sale value of Rs. 17.24 bn in Q2-24, registering growth of 48.1% 3.08 over Q2-23, with a sale of 1,686,196 sft comprising 1,007 homes at 2.70 14% average realization of Rs.
Slide 15: Region wise Real Estate Sales Performance in Q2 FY 2024
Region wise Real Estate Sales Performance in Q2 FY 2024 Highest ever quarterly sales performance achieved – driven by sustained demand for SOBHA homes across markets Area Sold Total Sale Value Sobha’s Share Value Average Price Realization Total Sales Value (Rs. Bn) Region (sft) (Rs. Mn) (Rs. Mn) (Rs
Slide 16: Region wise Real Estate Sales Performance in H1 FY 2024
Region wise Real Estate Sales Performance in H1 FY 2024 38% growth in sale value; 14% growth in new sale area compared to H1-FY23 Area Sold Total Sale Value Sobha’s Share Value Average Price Realization Total Sales Value (Rs. Bn) Region (sft) (Rs. Mn) (Rs. Mn) (Rs. / sft) 31.88 Bangalore 1,846,475 1
Slide 17: Consistent sales performance aided by high operational focus & sustained demand
Consistent sales performance aided by high operational focus & sustained demand Quarterly New Sales Area (Mn sft) 1.69 22% 1.48 1.48 1.34 1.36 1.34 1.39 1.32 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Quarterly Sales Value (Rs. Mn) 17,238 18% 14,247 14,634 14,647 11,096 11,455 11,642 10,475 Q3-
Slide 18: Sales Value classification (Q2 & H1 FY 2024) - Price Band & Region Wise
Sales Value classification (Q2 & H1 FY 2024) - Price Band & Region Wise Price bucket wise contribution to sales value • Demand for larger residential homes continued with Q2 – FY24 H1 – FY24 Rs 2 - 3 Cr. < Rs 1 Cr. work-from-home becoming mainstay in services sector Rs 2 - 3 Cr. < Rs 1 Cr. 15% 17% 1
Slide 19: Inventory Visibility – Ongoing and Forthcoming Real Estate Projects
Inventory Visibility – Ongoing and Forthcoming Real Estate Projects Forthcoming Projects Total Residential Inventory – Ongoing and Forthcoming Location SBA (Mn sft) No. of Projects Inventory status Mn sft Residential 15.23 18 Bangalore 6.85 6 Unsold Area - Completed projects 0.17 NCR 4.09 3 Unsold A
Slide 20: Contents
Contents Cashflow Sales Performance ► Project Updates Financials & Operations PASSION AT WORK 19 SOBHA
Slide 21: Financial & Operational Highlights – Q2 FY 2024
Financial & Operational Highlights – Q2 FY 2024 Total Income (Rs. Bn) Real Estate Income (Rs. Bn) Key quarterly highlights ‣ Total income for the quarter was Rs. 7.74 bn, registering growth of 12.0% 7.74 12% 6.91 compared to same period in FY23, supported by 21.2% growth in Real Estate 5.44 21% 4.48
Slide 22: Financial & Operational Highlights – H1 FY 2024
Financial & Operational Highlights – H1 FY 2024 Total Income (Rs. Bn) Real Estate Income (Rs. Bn) Key half-yearly highlights ‣ Total income in H1-FY24 was Rs. 17.13 bn, registering growth of 35.5% 17.13 compared to same period in FY23 36% 12.64 12.85 44% ‣ Real Estate segment contributed Rs. 12.85 b
Slide 23: Profit & Loss Statement – Q2 FY 2024
Profit & Loss Statement – Q2 FY 2024 Rs Million Particulars Q2-24 Q1-24 Q2-23 H1-24 H1-23 FY-23 Real Estate Revenue 5,436 7,410 4,484 12,846 8,946 25,238 Contractual & Manufacturing Revenue 1,976 1,669 2,216 3,645 3,375 7,863 Other Income 324 313 205 637 323 923 Total Income 7,736 9,392 6,906 17,129
Slide 24: Consolidated Balance Sheet as on 30-Sept-2023
Consolidated Balance Sheet as on 30-Sept-2023 ASSETS (Rs. Mn) 30-Sept-23 30-June-23 EQUITY & LIABILITIES (Rs. Mn) 30-Sept-23 30-June-23 Non-current Assets Equity Property, Plant and equipment 4,273 4,139 Equity Share Capital 948 948 Investment Property 4,451 4,486 Other Equity 23,969 24,123 Investme
Slide 25: Contracts Portfolio & Operational Overview
Contracts Portfolio & Operational Overview Revenue & Collection Rs Billion Ongoing Projects Particulars H1-24 H1-23 Revenue Ashoka University North Campus - Haryana Contracts 1.64 1.69 Total SBA of 493,000 sft and order value of Rs. 2.4 bn. Manufacturing 2.01 1.68 Scope includes Civil , MEP, PHE , G
Slide 26: Contracts - Completed Projects - Region wise contribution details
Contracts - Completed Projects - Region wise contribution details States >> Developed Area (Mn Sft) Karnataka 27.97 I I Kerala 7.31 Telangana Maharastra 6.29 7.16 Tamil Nadu 4.92 Orissa 1.55 Haryana Rajasthan 1.65 0.70 I I Madhya Pradesh 0.76 Uttar Pradesh 0.14 Uttarakhand 0.45 West Bengal 0.19 Hima
Slide 27: Manufacturing & Retail Performance – H1 FY 2024
Manufacturing & Retail Performance – H1 FY 2024 ‣ SOBHA Ltd. is the only Real Estate company in India with complete vertical integration across the value chain ‣ It supports company to take up turn-key projects and deliver world class quality in timely & efficient manner Glazing & Metal Works Interi
Slide 28: Commercial portfolio: Completed, Ongoing & Forthcoming projects
Commercial portfolio: Completed, Ongoing & Forthcoming projects Total Sobha Share Sobha City Mall, Thrissur Project Name Status Leasable Area (sft) Leasable area (sft) Sobha City Mall, Thrissur Operational 322,983 280,798 One Sobha, Bangalore Operational 227,325 195,987 Sub Total 550,308 476,785 Sob
Slide 29: Contents
Contents Cashflow Sales Performance Financials & Operations ► Project Updates PASSION AT WORK 28 SOBHA
Slide 30: Real Estate - Projects portfolio – Completed, Ongoing & Forthcoming
Real Estate - Projects portfolio – Completed, Ongoing & Forthcoming Total Developable / Leasable area and Saleable area (Mn sft) Completed Ongoing Region Forthcoming Developable Saleable Built-up Developable Saleable Built-up Note: Area Area Area Area ‣ Real Estate product mix includes Multi Storied
Slide 31: Real Estate completion in Q2 FY 2024
Real Estate completion in Q2 FY 2024 438 homes (with SBA of 0.68 mn sft) delivered across 6 cities Project Location Product Type No. of units SBA (sft) Sobha Dream Gardens Phase 2 - Wing 5 Bangalore Apartments 182 152,768 Sobha Lake Gardens Phase 1 - Wing 5 Bangalore Apartments 75 122,013 Sobha Roya
Slide 32: Completed Residential Projects during Q2 FY 2024
Completed Residential Projects during Q2 FY 2024 SOBHA Royal Pavilion – Wing 4 SOBHA Dream Garden - Wing 5 Bangalore Bangalore Wing 4 comprising 1 Tower of G+18 floors Wing 5A and 5B comprising 1 tower of G+23 floors Total SBA completed in Q2-FY24 – 118,757 sft (75 Units) Total SBA completed in Q2-F
Slide 33: Completed Residential Projects during Q2 FY 2024...continued
Completed Residential Projects during Q2 FY 2024...continued Sobha Lake Gardens - Tower 5 SOBHA Verdure International City Gurgaon Bangalore Coimbatore NCR Tower 5 comprising of G+18 floors 17 Villas completed in Q2-FY24 2 Villas completed in Q2-FY24 Total SBA completed in Q2-FY24 – 122,013 sft (75
Slide 34: Completed Residential Projects during Q2 FY 2024...continued
Completed Residential Projects during Q2 FY 2024...continued Sobha Silver Estate Marina One – East Wing 4 Thrissur Kochi 4 Villas completed in Q2-FY24 East Wing 4 comprising 3 towers of G+26 floors Total SBA completed in Q2-FY24 – 14,305 sft (4 Units) Total SBA completed in Q2-FY24 – 217,483 sft (81
Slide 35: Ongoing Residential Projects
Ongoing Residential Projects SOBHA Lake Gardens Ph II - Bangalore SOBHA Royal Pavilion – Bangalore (Wing 3 & 13) SOBHA Oakshire - Bangalore Development details Development details Development details Towers of G+13/18 floors with 597 units (1/2/2.5/3BHK) 16 towers of G+18 floors with 1,057 units (2/
Slide 36: Ongoing Residential Projects…continued
Ongoing Residential Projects…continued SOBHA Manhattan – Bangalore (Tower 4) SOBHA Sentosa Wing 5 - Bangalore SOBHA Victoria Park Wing 2 & 3 - Bangalore Development details Development details Development details 2 Towers 4 Wings of G+35/36 floors with 560 units (1/2/3/3.5/4 4 Towers with 7 Wings of
Slide 37: Ongoing Residential Projects ….. continued
Ongoing Residential Projects ….. continued SOBHA Marina One - Kochi SOBHA Meadows Whispering Hills - Trivandrum SOBHA Waterfront - Hyderabad Development details Development details Development details 7 Towers with G+25/27/28 floors with 779 units (2.5/3/3.5/4 BHK) 2 Towers of G+12 floors with 98 un
Slide 38: Ongoing Residential Projects…continued
Ongoing Residential Projects…continued SOBHA City Gurgaon - NCR SOBHA Metropolis – Thrissur (Wing 1 & 3) SOBHA Atlantis – Kochi (Tower C & D) Development details Development details Development details 14 Towers of G+17/23 floors with 972 units (2/3 BHK) 6 Towers of G+21/23/25 floors with 504 units
Slide 39: SOBHA Dream Acres – SOLD OUT !
SOBHA Dream Acres – SOLD OUT ! Area in mn sft SBA launched for sale as on 30th June 2023 6.50 Developable area launched till Sept 2023 8.17 SBA released in Q2-FY24 - Developable area completed till Sept 2023 6.87 SBA sold till 30th Sept 2023 6.50 SOBHA Dream Acres Tropical Green Total Project spanni
Slide 40: Board of Directors
Board of Directors Ravi PNC Menon, Chairman Jagadish Nangineni, Managing Director ‣ 17+ years of experience in the real estate and ‣ 22 years of experience across diverse sectors - real construction business estate, consulting & technology ‣ Bachelor of Science in Civil Engineering from ‣ B.Tech in
Slide 41: Thank you
Thank you SOBHA Corporate Office ‘SOBHA’, Sarjapur-Marathahalli Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post, Bangalore-560103 Phone: +91-80-49320000 www.sobha.com Investor’s Contact Mr. Soumyadeep Saha Investor Relations Tel: +91-80-49320000 Ext. 5024 Email: soumyadeep.s@sobha.com Discl