Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q3 FY25 Earnings Presentation
67 slides from Phoenix Mills's earnings presentation, Jan 30, 2025
Slide 1: Cover letter to stock exchanges
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 660 CIN No. : L17100MH1905PLC000200 January 30, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange
Slide 2: Investor Presentation Q3 and 9M FY25
Photo shot at location The Phoenix Mills Ltd. Investor Presentation Q3 and 9M FY25 1 Phoenix Palladium, Mumbai
Slide 3: Q3 FY25 Consolidated Performance Overview
Q3 FY25 Consolidated Performance Overview Core Businesses (Retail, Offices, Hotel) Rs. 927 cr Rs. 561 cr Operating revenue Operating EBITDA Up 14% vs Q3 FY24 Up 21% vs Q3 FY24 Consolidated Group Performance (including Residential and other non-core businesses) Rs. 975 cr Rs. 553 cr Operating revenue
Slide 4: 9M FY25 Consolidated Performance Overview
9M FY25 Consolidated Performance Overview Core Businesses (Retail, Offices, Hotel) Rs. 2,613 cr Rs. 1,601 cr Operating revenue Operating EBITDA Up 19% vs 9M FY24 Up 21% vs 9M FY24 Consolidated Group Performance (including Residential and other non-core businesses) Rs. 2,797 cr Rs. 1,602 cr Operating
Slide 5: Business Update - Retail
Photo shot at location Business Update Business Performance - Retail Financial Results Annexure Phoenix Palladium Mumbai 4
Slide 6: Expansion of Phoenix Palladium, Mumbai
Expansion of Phoenix Palladium, Mumbai Unparalleled experiences across 250,000 sq. ft. of gross leasable area Indicative Render 0.25 million sq ft Curated F&B offering Entertainment Offering 5 levels of Retail 2 levels of F&B offerings with an • Under fitout: Game Palacio, indoor Over 450 additional
Slide 7: Expansion of Phoenix Palladium: Largest Uniqlo in Mumbai
Expansion of Phoenix Palladium, Mumbai Home to the Largest Uniqlo in Mumbai Photo shot at location Photo shot at location First Uniqlo in South Bombay Launched in Nov-24 6
Slide 8: Expansion of Phoenix Palladium: Celio flagship store
Expansion of Phoenix Palladium, Mumbai Home to the flagship store of Celio Photo shot at location Celio’s Flagship Store in Mumbai Photo shot at location Launched in Dec-24 7
Slide 9: Expansion of Phoenix Palladium: Lifestyle in a new avatar
Expansion of Phoenix Palladium, Mumbai Lifestyle in a new avatar Photo shot at location Photo shot at location Lifestyle in a new avatar Launched in Dec-24 8
Slide 10: Expansion of Phoenix Palladium: F&B Eclectic Village
Expansion of Phoenix Palladium, Mumbai F&B Eclectic Village – planned across 2 levels, 18 outlets Indicative Render 9
Slide 11: Q3 FY25 Retail consumption up by 21%
Q3 FY25 Retail consumption up by 21% over Q3 FY24 Q3 FY25 Consumption (Rs. cr) Growth 4% 3% 11% 3% 19% 5% 63% 14% 8% 8% 140% 146% over Q3 644 Strong ramp up in FY24 consumption in the 530 newly launched 497 malls 399 363 349 352 346 235 158 67 64 Phoenix PMC PMC Pune PMC & Phoenix PMC Mumbai Palladi
Slide 12: 9M FY25 Retail consumption up by 23%
9M FY25 Retail consumption up by 23% over 9M FY24 9M FY25 Consumption (Rs. cr) Growth -1% -1% 7% 3% 8% 16% 80% 14% 9% 7% NC NC over 9M 1,693 Strong ramp up in FY24 consumption in the 1,443 1,334 newly launched 1,158 malls 939 915 857 842 569 406 178 168 Phoenix PMC PMC Pune PMC & PMC Mumbai Phoenix
Slide 13: Q3 FY25 Consumption across discretionary wallet spend
Q3 FY25 - Consumption across entire spectrum of discretionary wallet spend Excluding Phoenix Mall of the Millennium and Phoenix Mall of Asia Consumption Contribution Trading Area Mix YoY Consumption Growth Fashion & Accessories 55% 60% 13% Jewellery 15% 1% 26% Electronics 10% 3% -4% Food & Beverages
Slide 14: 9M FY25 Consumption across discretionary wallet spend
9M FY25 - Consumption across entire spectrum of discretionary wallet spend On a like-to-like basis Consumption Contribution Trading Area Mix YoY Consumption Growth Fashion & Accessories 53% 59% 9% Jewellery 14% 1% 27% Electronics 11% 4% 1% Food & Beverages 10% 11% 3% Others 5% 5% -15% FEC & Multiple
Slide 15: Ramp-up in trading occupancy
Ramp-up in trading occupancy Trading occupancy 87% 91% Mar-24 Dec-24 Growth in trading occupancy led by Palladium Ahmedabad 86% 97% Mar-24 Dec-24 Phoenix Mall of the Millennium 76% 91% Mar-24 Dec-24 Phoenix Mall of Asia 57% 81% Mar-24 Dec-24 Note: Occupancy includes Expansion of Phoenix Palladium 14
Slide 16: Q3 FY25 Retail Rental Income grew by 12%
Q3 FY25 Retail Rental Income grew by 12% over Q3 FY24 Q3 FY25 Q3 FY24 Name of Asset Retail Rental Income Retail Rental Income % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 102 100 2% Phoenix MarketCity Bangalore 54 53 1% Phoenix MarketCity Pune 57 54 5% Phoenix MarketCity and Palladium Chennai
Slide 17: Q3 FY25 Retail EBITDA grew by 15%
Q3 FY25 Retail EBITDA grew by 15% over Q3 FY24 Q3 FY25 Q3 FY24 Name of Asset Retail EBITDA Retail EBITDA % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 100 101 -1% Phoenix MarketCity Bangalore 54 54 1% Phoenix MarketCity Pune 61 56 9% Phoenix MarketCity and Palladium Chennai 60 55 9% Phoenix Ma
Slide 18: 9M FY25 Retail Rental Income grew by 21%
9M FY25 Retail Rental Income grew by 21% over 9M FY24 9M FY25 9M FY24 Name of Asset Retail Rental Income Retail Rental Income % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 295 290 2% Phoenix MarketCity Bangalore 155 153 1% Phoenix MarketCity Pune 164 158 4% Phoenix MarketCity and Palladium Che
Slide 19: 9M FY25 Retail EBITDA grew by 22%
9M FY25 Retail EBITDA grew by 22% over 9M FY24 9M FY25 9M FY24 Name of Asset Retail EBITDA Retail EBITDA % growth (Rs. cr) (Rs. cr) Phoenix Palladium Mumbai 301 300 0% Phoenix MarketCity Bangalore 164 157 4% Phoenix MarketCity Pune 181 171 6% Phoenix MarketCity and Palladium Chennai 182 172 6% Phoen
Slide 20: Phoenix Grand Victoria, Alipore Kolkata
Phoenix Grand Victoria, Alipore Kolkata Indicative Render ~1 msft Retail GLA 2027 Expected Completion 19
Slide 21: Our second retail destination in Gujarat
Our second retail destination in Gujarat Indicative Render 1st Large Scale Mall in Surat ~1 msft Retail GLA 2027 Expected Completion 20
Slide 22: New city-center lifestyle destination in Thane
The new city-center lifestyle destination in Thane Indicative Render A modern mixed-use development, designed for the global community ~11.5 Acres Land Located on Majiwada junction Phase 1 Retail: ~1.3 msft 21
Slide 23: Building the first destination mall in Coimbatore
Building the first destination mall in Coimbatore ~9 Acres Land Parcel ~1 msft Potential Retail Leasable area 22
Slide 24: Business Update - Commercial
Photo shot at location Business Update Business Performance – Commercial Financial Results Annexure Fountainhead, Pune 23
Slide 25: Commercial office business overview
Commercial office business overview Operational assets: Mumbai, Pune WALE – Above 3 Years Total Income EBITDA 9M FY25 9M FY25 Rs. 158 Cr Rs. 98 Cr 3 Years + Max tenure – 12% growth 22% growth 5 Years over 9M FY24 over 9M FY24 Industry agnostic front offices Gross MI NTT GROUP BAJAJ FINANCE ~4 msft L
Slide 26: Leasing and occupancy in the Commercial Office Portfolio
Leasing and occupancy in the Commercial Office Portfolio Net Leasable Area Leased Gross Rent Asset Location % area leased Area (msft) (msft) (psfpm)* Art Guild House Mumbai 0.63 0.55 88% 115 Phoenix Paragon Plaza Mumbai 0.31 0.16 50% 143 Centrium Mumbai 0.11 0.08 70% 115 Phoenix House Mumbai 0.11 0.
Slide 27: Q3 FY25 Commercial Offices Income
Q3 FY25 Commercial Offices Income stood at Rs. 53 cr, up 7% over Q3 FY24 EBITDA as Total Income (Rs. cr) EBITDA (Rs. cr) % of Total Income Operational Portfolio Q3 FY25 Q3 FY24 Growth (%) Q3 FY25 Q3 FY24 Growth (%) Q3 FY25 Q3 FY24 Art Guild House, Mumbai 23 21 10% 16 14 19% 70% 65% Phoenix Paragon P
Slide 28: 9M FY25 Commercial Offices Income
9M FY25 Commercial Offices Income stood at Rs. 158 cr, up 12% over 9M FY24 EBITDA as Total Income (Rs. cr) EBITDA (Rs. cr) % of Total Income Operational Portfolio 9M FY25 9M FY24 Growth (%) 9M FY25 9M FY24 Growth (%) 9M FY25 9M FY24 Art Guild House, Mumbai 70 62 13% 50 41 20% 71% 67% Phoenix Paragon
Slide 29: Phoenix Asia Towers, Bangalore
Phoenix Asia Towers, Bangalore – OC received and launching soon Indicative render ✓Office GLA: ~0.80 msft ✓Won the Best Commercial Property of the Year award - The Economic Times Achievers Award 2024. 28
Slide 30: Phoenix Millennium Towers, Pune
Phoenix Millennium Towers, Pune ✓GLA: ~1.20 msft ✓Façade works and lobby finishing under way ✓Completion targeted in 2025 Indicative render 29
Slide 31: One National Park, Chennai
One National Park, Chennai Indicative render ✓Office GLA: ~0.40 msft ✓Construction commenced ✓Completion targeted in 2025 30
Slide 32: Art Exchange, Whitefield Bangalore
Art Exchange, Whitefield Bangalore Indicative Render ✓Office GLA: ~1.10 msft (phase 1: ~0.40 msft) ✓Excavation and shoring works completed ✓Foundation, Slab RCC works complete for basement and ground floor. 31
Slide 33: Business Update - Hospitality
Photo shot at location Business Update Business Performance – Hospitality Financial Results Annexure Koishii, The St. Regis, Mumbai 32
Slide 34: The St. Regis, Mumbai: Performance overview
The St. Regis, Mumbai: Performance overview for Q3 and 9M FY25 ARR (Rs.) RevPAR (Rs.) Occupancy 11% 9% 15% 13% Growth Growth Growth Growth 84% Q3 FY25; up 2 pps vs Q3 FY24 85% 20,111 22,343 17,219 18,699 16,391 18,855 14,066 15,831 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M F
Slide 35: The St. Regis, Mumbai
The St. Regis, Mumbai Photo shot at location (Rs. cr) Q3 FY25 Q3 FY24 % growth 9M FY25 9M FY24 % growth Revenue from Rooms 66 54 22% 166 146 13% Revenue from F&B and 69 66 4% 176 165 7% Banqueting Other Operating Income 13 14 -12% 33 37 -10% Total Income 148 135 9% 375 348 8% Operating EBITDA 72 62
Slide 36: Courtyard by Marriott, Agra: Performance overview
Courtyard by Marriott, Agra: Performance overview for Q3 and 9M FY25 ARR (Rs.) RevPAR (Rs.) Occupancy 83% 21% 12% 19% 5% Growth Growth Growth Growth Q3 FY25 71% 6,194 7,468 5,011 5,587 5,189 6,186 3,752 3,950 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY24 Q3 FY25 9M FY24 9M FY25 Q3 FY25 Revenue Mix
Slide 37: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra % % Photo shot at location (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Revenue from Rooms 10.8 9.0 19% 20.5 19.5 5% Revenue from F&B and 8.1 7.2 13% 16.3 16.1 1% Banqueting Other Operating Income 0.6 0.7 -5% 1.4 1.5 -7% Total Income 19.5 16.8 16% 38.2 37.1 3% O
Slide 38: Business Update - Residential
Indicative Render Business Update Business Performance – Residential Financial Results Annexure One Bangalore West 37
Slide 39: Residential Portfolio: Steady traction in demand
Residential Portfolio: Steady traction in demand for ready units Rs. 58 Cr Rs. 38 Cr ~25,750 psf Q3 FY25 Q3 FY25 Average sales price for Gross Sales Collections Q3 FY25 Rs. 135 Cr Rs. 165 Cr ~26,100 psf 9M FY25 9M FY25 Average sales price for Gross Sales Collections 9M FY25 Concept Architect 38
Slide 40: Residential Portfolio: Steady traction in demand for ready units
Residential Portfolio: Steady traction in demand for ready units ✓ Gross sales of ~Rs. 58 crores in Q3 FY25 and Rs. 135 cr in 9M FY25 ✓ Collections of ~Rs. 38 crores in Q3 FY25 and Rs. 165 cr in 9M FY25 Constructed Cumulative Cumulative Collections in Revenue recognized (Rs. cr) 1 Total Saleable Are
Slide 41: Financial Results
Photo shot at location Business Update Business Performance Financial Results Annexure Phoenix MarketCity Pune 40
Slide 42: Q3 and 9M FY25 Break up of Consolidated P&L
Q3 and 9M FY25 Break up of Consolidated P&L (Rs. cr) Q3 FY25 Q3 FY24 YoY% 9M FY25 9M FY24 YoY% Revenue from core businesses 927 817 14% 2,613 2,201 19% (Retail, Offices, Hotel) Add: Residential and other non- 48 169 -71% 184 470 -61% core businesses Consolidated Revenue 975 986 -1% 2,797 2,672 5% EB
Slide 43: Q3 FY25 Consolidated EBITDA at Rs. 553 crores
Q3 FY25 Consolidated EBITDA at Rs. 553 crores (Rs. cr) Q3 FY25 Q3 FY24 YoY% 9M FY25 9M FY24 YoY% Income from operations 975 986 -1% 2,797 2,672 5% Operating EBITDA 553 552 0% 1,602 1,550 3% EBITDA Margin (%) 57% 56% 1 pps 57% 58% -1 pps Add: Other income 30 34 -12% 106 95 11% Less: Finance Cost 103
Slide 44: Q3 FY25 Standalone EBITDA at Rs. 81 crores
Q3 FY25 Standalone EBITDA at Rs. 81 crores (Rs. cr) Q3 FY25 Q3 FY24 YoY% 9M FY25 9M FY24 YoY% Income from operations 127 120 6% 361 350 3% Operating EBITDA 81 77 5% 230 233 -1% EBITDA Margin (%) 64% 65% -1 pps 64% 67% -3 pps Add: Other income 14 5 191% 125 103 20% Less: Finance Cost 19 16 15% 54 49
Slide 45: Average cost of debt in Dec-24 down to 8.64%
Average cost of debt in Dec-24 down to 8.64% Effective cost of debt (%) 9.19% 8.81% 8.79% 8.67% 8.64% 8.74% 8.17% 7.30% Spread: 214 bps Spread: 479 bps 6.50% 6.50% 6.50% 6.50% 6.50% 4.40% 4.00% 4.00% Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Jun-24 Sep-24 Dec-24 PML's Avg. Cost of Debt (%) RBI Repo rate (%
Slide 46: PML Consolidated Cashflow – 9M FY25
PML Consolidated Cashflow – 9M FY25 Period ended Particulars 31-Dec-24 Cash Flow from Operating Activities Operating cash flow before changes in Working Capital 1,580 Add: Changes in working capital 132 Less: Tax Paid -206 Net Cash Generated from Operations (A) 1,506 Other inflows Proceeds from mino
Slide 47: Operating cash flow excluding residential business up by 12%
Operating cash flow excluding residential business up by 12% Q3 FY25 Q3 FY24 % Change Amount in Rs. cr Net cash from operating activities 506 656 - 23% Less: Interest paid -97 -120 - 19% Operating free cash flow* 409 536 - 24% Contribution to Operating free cash flow from Retail, Offices and Hotels
Slide 48: Group-level Debt and Cash position
Group-level Debt and Cash position as on December 2024 vs. March 2024 31-Mar-24 31-Dec-24 Change Amount Rs. cr Liquidity (Bank balance + 2,209 2,074 - 135 Investments + DSRA)*^ Gross Debt^ 4,366 4,391 + 25 Net Debt^ 2,157 2,317 + 159 Net Debt to EBITDA^ ~0.98 x ~1.07 x - *Does not include amount ava
Slide 49: PML-level Debt and Cash position
PML-level Debt and Cash position as on 31st December 2024 vs. 31st March 2024 PML’s economic interest 31-Mar-24 31-Dec-24 Change Amount Rs. cr Liquidity (Bank balance + 1,722 1,725 +3 Investments + DSRA)*^ Gross Debt^ 3,281 3,270 - 12 Net Debt^ 1,560 1,545 - 15 Net Debt to EBITDA^ ~0.88 x ~0.97 x -
Slide 50: Sustained Portfolio additions
Sustained Portfolio additions Land acquisitions since December 2022 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 R
Slide 51: Charting Growth Roadmap: 2027 and beyond
Charting Growth Roadmap: 2027 and beyond Segments 2023 By 2027 By 2030 Adding to portfolio with Retail ~11 msft >14 msft recent acquisition: ➢ Thane: Retail-led mixed use development Commercial Offices ~3.0 msft* >7 msft ➢ Whitefield Bengaluru: Densification of existing operating mall Hotels ~588 ke
Slide 52: Annexure
Photo shot at location Business Update Business Performance Financial Results Annexure Phoenix United Lucknow 51
Slide 53: Phoenix Palladium Mumbai
Phoenix Palladium Mumbai (Rs. cr) Q3 FY25 Q3 FY24 % growth 9M FY25 9M FY24 % growth Rental 102 100 2% 295 290 2% CAM & Others 21 19 8% 62 56 9% Total Income 123 120 3% 357 346 3% Asset EBITDA 100 101 -1% 301 300 0% Asset EBIDTA 98% 101% -3 pps 102% 104% -1 pps as % of Rental PML Standalone 81 77 5%
Slide 54: Phoenix MarketCity Bangalore
Phoenix MarketCity Bangalore % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 54 53 1% 155 153 1% CAM & Others 23 19 20% 68 53 28% Total Income 77 72 6% 223 207 8% Asset EBITDA 54 54 1% 164 157 4% Asset EBIDTA 102% 102% -1 pps 106% 103% 3 pps as % of Rental Rental Rate 182 176 3% 17
Slide 55: Phoenix MarketCity Pune
Phoenix MarketCity Pune % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 57 54 5% 164 158 4% CAM & Others 24 22 10% 71 63 13% Total Income 81 76 7% 236 221 7% Asset EBITDA 61 56 9% 181 171 6% Asset EBIDTA 107% 104% 4 pps 110% 109% 1 pps as % of Rental Rental Rate 166 157 6% 160 155
Slide 56: Phoenix MarketCity & Palladium Chennai
Phoenix MarketCity & Palladium Chennai % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 58 54 7% 169 158 7% CAM & Others 30 26 15% 89 74 20% Total Income 88 80 9% 258 232 11% Asset EBITDA 60 55 9% 182 172 6% Asset EBIDTA 105% 103% 2 pps 108% 109% 0 pps as % of Rental Rental Rate 171
Slide 57: Phoenix MarketCity Mumbai
Phoenix MarketCity Mumbai % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 47 43 9% 134 122 10% CAM & Others 22 19 13% 65 59 11% Total Income 69 62 10% 199 181 10% Asset EBITDA 48 43 12% 142 127 11% Asset EBIDTA 104% 101% 3 pps 106% 104% 2 pps as % of Rental Rental Rate 133 128 4% 1
Slide 58: Phoenix Palassio Lucknow
Phoenix Palassio Lucknow % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 37 35 6% 106 98 8% CAM & Others 18 17 6% 53 50 6% Total Income 55 52 6% 159 149 7% Asset EBITDA 40 36 11% 111 104 7% Asset EBIDTA 107% 103% 5 pps 105% 106% -1 pps as % of Rental Rental Rate 140 132 6% 133 126
Slide 59: Phoenix United Lucknow
Phoenix United Lucknow % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 9 9 3% 26 26 1% CAM & Others 5 4 25% 16 13 24% Total Income 14 13 11% 42 39 9% Asset EBITDA 8 8 5% 25 24 2% Asset EBIDTA 93% 92% 1 pps 96% 94% 1 pps as % of Rental Rental Rate 98 91 8% 96 89 8% (Rs. pspm) Mall C
Slide 60: Phoenix United Bareilly
Phoenix United Bareilly % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 7 7 8% 20 19 5% CAM & Others 5 4 39% 15 10 45% Total Income 12 10 19% 34 29 19% Asset EBITDA 6 6 0% 19 18 1% Asset EBIDTA 91% 99% -8 pps 95% 99% -5 pps as % of Rental Rental Rate 80 74 9% 74 69 7% (Rs. pspm) Ma
Slide 61: Phoenix Citadel Indore
Phoenix Citadel Indore % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 24 23 7% 72 70 3% CAM & Others 15 11 39% 47 36 30% Total Income 40 34 18% 118 105 12% Asset EBITDA 21 19 13% 68 65 4% Asset EBIDTA 87% 83% 4 pps 94% 94% 1 pps as % of Rental Rental Rate 84 80 5% 83 83 0% (Rs. ps
Slide 62: Palladium Ahmedabad
Palladium Ahmedabad % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 33 23 43% 91 65 40% CAM & Others 15 12 28% 46 34 34% Total Income 48 35 38% 136 99 38% Asset EBITDA 29 18 65% 84 52 62% Asset EBIDTA 88% 76% 11 pps 93% 80% 12 pps as % of Rental Rental Rate 161 132 22% 147 138 6% (
Slide 63: Phoenix Mall of the Millennium
Phoenix Mall of the Millennium % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 39 27 43% 111 34 NC CAM & Others 23 11 109% 54 15 NC Total Income 62 38 62% 165 49 NC Asset EBITDA 37 22 68% 103 27 NC Asset EBIDTA 96% 81% 14 pps 93% 79% NC as % of Rental Rental Rate 136 134 1% 134 134
Slide 64: Phoenix Mall of Asia
Phoenix Mall of Asia % % (Rs. cr) Q3 FY25 Q3 FY24 9M FY25 9M FY24 growth growth Rental 40 23 NC 127 23 NC CAM & Others 24 11 NC 69 11 NC Total Income 63 34 NC 196 34 NC Asset EBITDA 39 21 NC 130 21 NC Asset EBIDTA 98% 89% NC 103% 89% NC as % of Rental Rental Rate 136 170 NC 151 170 NC (Rs. pspm) Mal
Slide 65: Gross Debt across Subsidiaries as on 31st December 2024
Gross Debt across Subsidiaries as on 31st December 2024 PML Ownership Status Asset Type SPV Asset Name Q2 FY25 (Rs. Cr) Q3 FY25 (Rs. Cr) (%) The Phoenix Mills Ltd. (Standalone) Phoenix Palladium, Mumbai 100.0% 780 772 Classic Mall Development Company Phoenix MarketCity, Chennai 100.0% 439 436 Vamona
Slide 66: Follow us for updates
The Phoenix Mills Limited: Follow us for updates Asset Instagram handle Link Retail Phoenix Palladium Mumbai phoenixpalladium https://www.instagram.com/phoenixpalladium/ PMC Kurla marketcitykurla https://www.instagram.com/marketcitykurla/ Phoenix Palassio Lucknow phoenixpalassio https://www.instagra
Slide 67: Thank you
Thank you Varun Parwal Madhurima Kane Email: varun.p@phoenixmills.com Email: madhurima.kane@phoenixmills.com Website: https://www.thephoenixmills.com/investors Linkedin: The Phoenix Mills Limited 66