Slide 1: Investor Presentation for the quarter ended December 31, 2023
... ill S O BHA PASSIO N AT WORK Date: February 07, 2024 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
Slide 2: Investor Presentation – Artistic Impression of SOBHA Neopolis
Ii Investor Presentation Artistic Impression PASSION AT WORKof SOBHA Neopolis, Bangalore 1 December 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 ‣ 133.58 mn sft completed in 539 developments till date across 27 cities delivering international quality res
Slide 4: Awards and Recognitions received in Q3 FY 2024
Awards and Recognitions received in Q3 FY 2024 PRSI National Awards - 2023 SOBHA bagged Best Annual Report of year 2022 – 2023 at International Public Relation Festival 2023 Realty + Conclave & Excellence Award 2023 - South Sobha was awarded CSR Excellence Award for the year 2023 21st Construction W
Slide 5: Contents
Contents Cashflows Sales Performance Financials & Operations Project Updates PASSION AT WORK 4
Slide 6: Consistent performance driven by active cashflow management
Consistent performance driven by active cashflow management Highest ever inflows recorded in Q3-24, surpassing previous quarter; historic best quarter for Real Estate collections Rs Billion Total Operational Cash Inflow Real Estate Cash Inflow 14.50 14.93 14.07 14.22 13.35 13.55 12.93 12.60 11.57 11
Slide 7: Achieved highest ever collections in 3Q and 9M FY 2024
Achieved highest ever collections in 3Q and 9M FY 2024 Rs Billion Total Operational Cash Inflow (9M-FY24) Real Estate Cash Inflow (9M-FY24) Key Highlights - Quarter & 9M Cashflows • Highest ever total quarterly collections of Rs. 14.93 bn aided by 42.98 38.60 11% 37.01 consistent growth in collectio
Slide 8: Cashflow Statement – Q3 FY 2024
Cashflow Statement – Q3 FY 2024 Rs Million Particulars Q3-24 Q2-24 Q3-23 9M-24 9M-23 FY-23 Operational cash inflows Real Estate Operations 12,929 12,598 11,571 37,005 31,271 43,058 Contractual & Manufacturing 2,002 1,902 2,500 5,977 7,327 9,765 Total Operational cash inflow (A) 14,931 14,500 14,071
Slide 9: Cashflow Statement – Q3 FY 2024…continued
Cashflow Statement – Q3 FY 2024…continued Rs Million Particulars Q3-24 Q2-24 Q3-23 9M-24 9M-23 FY-23 Financial Outflows Finance outflow 515 490 528 1,487 1,591 2,056 Dividend including taxes - 284 - 284 285 285 Total Financial Outflows (D) 515 774 528 1,771 1,876 2,341 Net Cashflow after Financial &
Slide 10: Net Debt reduction for 13 consecutive quarters, from internal accruals
Net Debt reduction for 13 consecutive quarters, from internal accruals 36 1.32 1.31 1.40 1.25 1.23 Net Debt to Equity reduced from peak of 1.19 32 1.11 1.32 to 0.54 as on 31st December 2023 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 0.54 0
Slide 11: Cost of borrowing increased marginally in Q3 FY 2024
Cost of borrowing increased marginally in Q3 FY 2024 Marginal increase in borrowing cost compared to previous quarter 9.26% 9.11% 9.14% 8.98% 8.93% 8.85% 8.81% Rate of Interest % 8.65% 8.57% 8.40% 8.45% Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Rs. Million Quarterly Finance O
Slide 12: Residential Real Estate Portfolio: Projected Cashflow as on 31st December 2023
Residential Real Estate Portfolio: Projected Cashflow as on 31st December 2023 Completed - with Ongoing - Area Ongoing - Area Particulars Total Unit unsold inventory offered for sale not offered for sale Total Saleable area 17.05 21.31 1.56 39.92 Mn sft Sobha’s share of Saleable area 15.75 20.39 1.5
Slide 13: Contents
Contents Cashflows Sales Performance Financials & Operations Project Updates PASSION AT WORK 12
Slide 14: Steady sales performance with increasing value for consecutive 10 quarters
Steady sales performance with increasing value for consecutive 10 quarters Quarterly New Sales Area (Mn sft) 1.69 1.66 1.48 1.48 1.39 1.35 1.32 1.34 1.36 1.34 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Quarterly Sales Value (Rs. Mn) 19,516 17,238 13% 14,247 14,634 14,647 11,096 11,4
Slide 15: Historic best Sales performance achieved in Q3 and 9M FY 2024
Historic best Sales performance achieved in Q3 and 9M FY 2024 Key Highlights - Quarter & 9M Sales New Sales Area (Mn sft) ‣ Achieved highest ever quarterly sale value of Rs. 19.52 bn in Q3-24, with 4.74 remarkable growth of 36.9% over Q3-23, supported by sale of 1,663,507 4.17 14% sft comprising 971
Slide 16: Region wise Real Estate Sales Performance in Q3 FY 2024
Region wise Real Estate Sales Performance in Q3 FY 2024 Highest ever quarterly sales value – driven by sustained demand for SOBHA homes and launch of SOBHA Neopolis in Bangalore Area Sold Total Sale Value Sobha’s Share Value Average Price Realization Total Sales Value (Rs. Bn) Region (sft) (Rs. Mn)
Slide 17: Region wise Real Estate Sales Performance in 9M FY 2024
Region wise Real Estate Sales Performance in 9M FY 2024 37.6% growth in sale value; 13.7% growth in new sale area compared to 9M FY 2023 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) 51.40 Bangalore 3,09
Slide 18: Sales Value classification (Q3 & 9M FY 2024) - Price Band & Region Wise
Sales Value classification (Q3 & 9M FY 2024) - Price Band & Region Wise Price band wise contribution to sales value • Demand for larger residential homes continued with Q3 – FY24 9M – FY24 < Rs 1 Cr. < Rs 1 Cr. 11% Rs 2 - 3 Cr. 16% work-from-home becoming mainstay in services sector 26% • Contributi
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 16.77 19 Bangalore 8.19 7 Unsold Area - Completed projects 0.20 NCR 4.09 3 Unsold A
Slide 20: Contents
Contents Cashflows Sales Performance Financials & Operations Project Updates PASSION AT WORK 19
Slide 21: Financial & Operational Highlights – Q3 & 9M FY 2024
Financial & Operational Highlights – Q3 & 9M FY 2024 Rs Billion Key Highlights – Quarter and 9M Total Income (9M-24) Total Income (Q3-24) ‣ Total income in 9M-24 was Rs. 24.27 bn, registering growth of 12.2% 24.27 7.74 compared to same period in FY 2023. For the quarter was Rs. 7.14 bn 21.62 12% -8%
Slide 22: Profit & Loss Statement – Q3 FY 2024
Profit & Loss Statement – Q3 FY 2024 Rs Million Particulars Q3-24 Q2-24 Q3-23 9M-24 9M-23 FY-23 Real Estate Revenue 5,212 5,436 6,735 18,058 15,681 25,238 Contractual & Manufacturing Revenue 1,638 1,976 1,946 5,283 5,321 7,863 Other Income 288 324 298 925 621 923 Total Income 7,137 7,736 8,980 24,26
Slide 23: Consolidated Balance Sheet as on 31st December, 2023
Consolidated Balance Sheet as on 31st December, 2023 ASSETS (Rs. Mn) 31-Dec-23 30-Sept-23 EQUITY & LIABILITIES (Rs. Mn) 31-Dec-23 30-Sept-23 Non-current Assets Equity Property, Plant and equipment 4,438 4,273 Equity Share Capital 948 948 Investment Property 4,451 4,451 Other Equity 24,121 23,969 Inv
Slide 24: Contracts Portfolio & Operational Overview – 9M FY 2024
Contracts Portfolio & Operational Overview – 9M FY 2024 Revenue & Collection Rs Billion Ongoing Projects details Particulars 9M-24 9M-23 Ashoka University North Campus - Sonepat Revenue Contracts 2.35 2.47 Total SBA of 493,000 sft and order value of Rs. 2.4 bn. Manufacturing 2.94 2.85 Scope includes
Slide 25: Manufacturing & Retail Performance – 9M FY 2024
Manufacturing & Retail Performance – 9M 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 26: 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 227,325 153,403 Sub Total 550,308 434,201 Sob
Slide 27: Contents
Contents Cashflows Sales Performance Financials & Operations Project Updates PASSION AT WORK 26
Slide 28: New Project Launches during Q3 FY 2024
New Project Launches during Q3 FY 2024 SOBHA Neopolis Located in Panathur, off Outer Ring Road, the project spans over 26.6 acres in the heart of ORR-Sarjapur- Marathali IT Hub, which is home to majority of expats in the city. ➢ Project has a of total 3,440,634 sft saleable area comprising 1,875 uni
Slide 29: SOBHA City Gurgaon – SOLD OUT!
SOBHA City Gurgaon – SOLD OUT! Area in mn sft Total Land Area 1.71 Area completed as on 31st Dec 2023 1.26 Total Saleable Area 3.23 RERA completion date Dec - 2028 SOBHA CITY Gurgaon - Aerial View Project spans over 39.37 Acre, on Dwarka Expressway, close to Delhi-Gurgaon border, with saleable built
Slide 30: Project Completions during Q3 FY 2024
Project Completions during Q3 FY 2024 575 homes (with SBA of 1.04 mn sft) delivered across 5 cities Project Location Product Type No. of units SBA (sft) Marina One Kochi Apartment 112 387,581 Sobha Dream Gardens Bangalore Apartments 182 182,586 Sobha Dream Acres - Tropical green Bangalore Apartments
Slide 31: 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 32: Completed Residential Projects during Q3 FY 2024
Completed Residential Projects during Q3 FY 2024 SOBHA Royal Pavilion – Wing 3 SOBHA Dream Garden - Wing 7A & 7B SOBHA Dream Acres – Tropical Green Wing 32 Bangalore Bangalore Bangalore Wing 3 comprising 1 Tower of G+18 floors Wing 7A and 7B comprising 1 tower of G+23 floors Wing 32 comprising of 1
Slide 33: Completed Residential Projects during Q3 FY 2024...continued
Completed Residential Projects during Q3 FY 2024...continued Sobha City – Tower B3 Marina One – North Wing 3 NCR Kochi Tower B3 comprising 1 Tower of G+18 floors North Wing 3 comprising of G+28 floors Total SBA completed in Q3-FY24 – 133,897 sft (72 Units) Total SBA completed in Q3-FY24 – 387,581 sf
Slide 34: Completed Residential Projects during Q3 FY 2024...continued
Completed Residential Projects during Q3 FY 2024...continued Sobha Lake Silver Estate SOBHA West Hill Part C International City Gurgaon Thrissur Coimbatore NCR 4 Villas completed in Q3-FY24 1 Villas completed in Q3-FY24 8 Villas completed in Q3-FY24 Total SBA completed – 13,314 sft Total SBA complet
Slide 35: Ongoing Residential Projects
Ongoing Residential Projects SOBHA Sentosa - Bangalore SOBHA Victoria Park - Bangalore SOBHA Oakshire - Bangalore Development details Development details Development details 4 Towers with 7 Wings of G+17 floors with 533 units. (1/3 BHK) Phase I – 5 Towers of G+9 floors with 300 units & SBA of 538,02
Slide 36: Ongoing Residential Projects…continued
Ongoing Residential Projects…continued SOBHA Neopolis – Bangalore SOBHA Manhattan Towers - Bangalore Sobha Lake Garden - Bangalore Development details Development details Development details 19 Wings of 2B + G+18 floors with 1875 units (1/3/4 BHK) SBA of 2 Towers 4 Wings of G+35/36 floors with 560 u
Slide 37: Ongoing Residential Projects…continued
Ongoing Residential Projects…continued Sobha Nesara - Pune Sobha Avalon (Gift City) Sobha Waterfront - Hyderabad Development details Development details Development details 3 Towers of G+23 floors with 293 units ( 2/3/4/4.5 BHK) 2 Towers of G+27 floors with 268 units (1/1.5/2/3 BHK) 4 Towers of G+14
Slide 38: Ongoing Residential Projects ….. continued
Ongoing Residential Projects ….. continued Sobha Metropolis - Thrissur SOBHA Meadows Whispering Hills - Trivandrum SOBHA Marina One - Kochi Development details Development details Development details 6 Towers with G+21/23/25 floors with 504 units (2.5/3/4 BHK) 2 Blocks of G+12 floors with 98 units (
Slide 39: 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 estate, construction business consulting & technology ‣ Bachelor of Science in Civil Engineering from Purdue ‣ B.T
Slide 40: 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 Disc