Brigade Enterprises Limited · NSE:BRIGADE
Brigade Enterprises — Q3 FY25 Earnings Presentation
37 slides from Brigade Enterprises's earnings presentation, Jan 29, 2025
Slide 1: Exchange filing cover letter for Investor Presentation Q3 FY25
Ref: BEL/NSEBSE/IP/29012025 29 th January, 2025 Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Re.: Scrip Symbol: BRIG
Slide 2: Investor Presentation – Q3 FY25
Brigade Gateway, Hyderabad Artist’s impression Investor Presentation – Q3 FY25 (CIN: L85110KA1995PLC019126)
Slide 3: Multiple Domains; Single-Minded Commitment
Offices Retail Clubs Multiple Domains; Hotels Convention Single-Minded Centres Commitment Established in 1986, one of India’s leading and trusted property developers A multi-asset class developer with Residential, Office, SEZ, Retail, Hospitality, Senior Living, Schools and India’s first Real Estate
Slide 4: Our Mission, Vision, Values
Our Mission, Vision, Values Our SHARED VISION Our To be a World-class Organisation in our SHARED MISSION Products, Processes, People and Performance. To constantly endeavour to be the Preferred Developer of Residential, Commercial & Hospitality spaces in the markets in which we operate, without comp
Slide 5: Transforming City Skylines
Transforming City Skylines 280+ buildings 90+ Mn sq.ft. Delivered 24 Million sq.ft. Ongoing projects 15 Million sq.ft. GIFT city Upcoming launches License owners for six World Trade Centers in South India Among the Top 10 listed Developers hyderabad in the country, by market capitalization bengaluru
Slide 6: Segment Highlights - Q3 FY25
Segment Highlights - Q3 FY25 Real Estate - On Sale Basis Achieved pre-sales volume of 2.19 Mn sft in Q3 FY25, a growth of 30% over Q2 FY25 Sales value of INR 24,922 Mn in Q3 FY25, an increase of 37% over Q2 FY25 Avg. price realization stood at INR 11,364 per sq.ft for Q3 FY25, up by 5% from Q2 FY25
Slide 7: ESG Updates - Q3 FY25
ESG Updates - Q3 FY25 “NetZero” Strategies, Target Setting Integration of ESG elements in Implementation of Tech Platform for & Validation By SBTi: Enterprise Risk Management: ESG Monitoring & Measurement: Onboarded a technical partner to set The process has been initiated The platform is live to up
Slide 8: Summary: Ongoing Projects
Summary: Ongoing Projects total project area Area in Mn sft 11% Projects Project Area Co Share LO/JV Share Real Estate projects for sale 13.15 9.56 3.59 Real Estate Brigade Orchards* 1.18 0.81 0.37 24.41 Mn sq.ft Lease Rentals Brigade Cornerstone Utopia* 1.51 1.00 0.51 89% Brigade Residences at WTC
Slide 9: Contents
Contents 1. Real Estate 2. Leasing 3. Financial Performance 4. Land Bank 5. Projects launched and upcoming launches 8
Slide 10: Highlights: Real Estate - Q3 FY25
Real Estate Highlights: Real Estate - Q3 FY25 Acheived pre-sales volume of 2.19 Mn sft in Q3 FY25, a growth of 29% over Q3 FY24 Sales value of INR 24,922 Mn in Q3 FY25, an increase of 63% over Q3 FY24 Avg. price realization stood at INR 11,364 per sq.ft for Q3 FY25, up by 27% from Q3 FY24 Ongoing pr
Slide 11: Group Sales Snapshot
Real Estate Group Sales Snapshot 9M FY25 on Q3 FY25 on Q3 FY25 on Particulars 9M FY25 9M FY24 Q3 FY25 Q2 FY25 Q3 FY24 9M FY24 Q2 FY25 Q3 FY24 Net Area Sales (’000 sft) Residential 4,806 4,748 1% 2,127 1,556 1,646 37% 29% Commercial 213 77 177% 66 125 49 (47%) 35% Total 5,019 4,825 4% 2,193 1,681 1,6
Slide 12: Consolidated Synopsis of Real Estate Projects - Dec-24
Real Estate Consolidated Synopsis of Real Estate Projects - Dec-24 Ongoing BEL Ongoing SPV Particulars Stock Total Projects Projects* Mn sft BEL SPV* Total super built-up area of launched projects on sale basis 20.21 1.53 0.34 0.28 22.36 Less: Landowner share 4.10 - - - 4.10 Company share of saleabl
Slide 13: Contents
Contents 1. Real Estate 2. Leasing 3. Financial Performance 4. Land Bank 5. Projects launched and upcoming launches 12
Slide 14: Our Leasing Portfolio: Operating Assets - Dec-24
Leasing Our Leasing Portfolio: Operating Assets - Dec-24 Area in Mn sft Retail 1.24 0.07 Leased 0.16 Hard Options Office 7.15 To be Leased 0.08 Particulars Leasable Area Leased Hard Option To be Leased Brigade Tech Gardens* 3.00 2.81 0.16 0.03 WTC Chennai* 2.01 2.01 - - WTC Bengaluru 0.62 0.62 - - B
Slide 15: Capex Commitment - Dec-24
Capex Commitment - Dec-24 (INR Mn) Project Estimated Cost Incurred Balance* Brigade Twin Towers - Tower A & B 3,597 2,981 616 Brigade Square, Thiruvananthapuram 756 355 401 Brigade Tech Boulevard, Chennai 4,018 820 3,198 Brigade Padmini Tech Valley-Block B 2,942 612 2,330 Brigade Vantage, Mysore 577
Slide 16: Contents
Contents 1. Real Estate 2. Leasing 3. Financial Performance 4. Land Bank 5. Projects launched and upcoming launches 15
Slide 17: Consolidated Financial: Snapshot
Consolidated Financial: Snapshot (INR Mn) Q3FY25 Q3 FY25 9M FY25 9M FY24 9M FY25 Particulars Q3 FY25 Q2 FY25 Q3 FY24 on Q2 FY25 on Q3 FY24 on 9M FY24 Revenue 15,297 11,381 12,082 34% 27% 37,813 33,015 15% EBITDA 4,794 3,580 2,964 34% 62% 11,657 8,688 34% Finance cost 1,143 1,227 1,350 (7%) (15%) 3,8
Slide 18: Business Segment performance - 9M FY25
Business Segment performance - 9M FY25 (INR Mn) Particulars Real Estate Lease Rental Revenue 25,625 8,341 Direct Expenses 17,209 339 Admin Expenses 1,024 1,425 Selling cost 1,168 273 Employee cost 1,639 530 EBITDA 4,585 5,774 EBITDA/Revenue % 18% 69% Finance costs 410 3,051 PBDT 4,175 2,723 Deprecia
Slide 19: Consolidated Cash Flow
Consolidated Cash Flow Particulars (All amounts in INR Mn) Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 Operating Activities Total Collections 17,771 19,365 13,944 53,206 40,776 Direct Cost/ Construction Cost (6,602) (5,823) (6,038) (18,601) (17,114) Landowner Payments (2,306) (2,660) (2,181) (7,262) (5,
Slide 20: Capital Allocation: Segment-wise - as of 31st Dec-24
Capital Allocation: Segment-wise - as of 31st Dec-24 (INR Mn) Operating Capital Capital Segment Equity (A) Debt (B) Employed D/E Ratio PBD*/ EBITDA/ (A/B) Equity % Employed OCE % (A+B) (OCE) Real Estate 35,394 1,536 36,930 0.04 19% 36,930 20% Leasing 22,971 38,899 61,870 1.69 15% 39,223 19% Note: PB
Slide 21: Consolidated Debt Profile
Consolidated Debt Profile (INR Mn) Particulars Dec-24 Sept-24 Dec-23 Gross Debt 45,312 46,404 43,371 Less: Cash & Cash Equivalents 34,041 37,837 15,622 Net Debt 11,271 8,567 27,750 Less: SPV Partner’s share of net debt 7,601 7,792 6,335 Exposure of BEL 3,670 775 21,115 Cost of Debt (Consolidated) 8.
Slide 22: Standalone Financial: Snapshot
Standalone Financial: Snapshot (INR Mn) Q2 FY25 Q2 FY25 9M FY25 Particulars Q3 FY25 Q2 FY25 Q3 FY24 9M FY25 9M FY24 on Q3 FY25 on Q2 FY24 on 9M FY24 Turnover 6,069 5,158 4,508 18% 35% 17,002 13,059 30% EBITDA 1,709 1,665 1,244 3% 37% 4,915 3,745 31% Finance cost 277 339 384 (18%) (28%) 1,092 1,026 6
Slide 23: Contents
Contents 1. Real Estate 2. Leasing 3. Financial Performance 4. Land Bank 5. Projects launched and upcoming launches 22
Slide 24: Brigade’s Land Bank
Brigade’s Land Bank Total Land Area Cost of Land Amount Paid Balance Payable (Acres) (INR Mn) (INR Mn) (INR Mn) gift city 496 35,517 27,497 8,020 hyderabad bengaluru CHENNAI mysuru kochi Note: Due to publicity restrictions as indicated in slide 5, the information relating to hospitality segment is c
Slide 25: Developable Area Details
Developable Area Details Project Area: Product Mix Product Land Area (in acres) Project Area (Mn sft) BEL Share (Mn sft) 4% Residential 375 42 30 Commercial-Lease 55 9 7 17% Mixed Development 66 2 2 Total 496 53 39 project area - 53 Mn sft Location Land Area (in acres) Project Area (Mn sft) BEL Shar
Slide 26: Contents
Contents 1. Real Estate 2. Leasing 3. Financial Performance 4. Land Bank 5. Projects launched and upcoming launches 25
Slide 27: Projects Launched - 9M FY25
Projects Launched - 9M FY25 Project Area BEL Interest Launch Project City Segment (Mn sft) (Mn sft) Period Brigade Insignia Residential 0.89 0.89 Brigade El Dorado – Cobalt Bengaluru Residential 0.51 0.51 Brigade Padmini - Tower B Commercial 0.73 0.37 Q1 FY25 Brigade Residences at WTC - Nebula Resid
Slide 28: Upcoming Projects
Upcoming Projects Segment Total Area Brigade Economic Interest (Mn sft) (Mn sft) Residential 11.87 9.07 Commercial 3.07 2.23 Total 14.94 11.30 Brigade Padmini Tech Valley Artist’s impression Note: Due to publicity restrictions as indicated in slide 5, the information relating to hospitality segment
Slide 29: Awards and Accolades - Q3 FY25
Awards and Accolades - Q3 FY25 Pavitra Shankar and Nirupa Pavitra Shankar, Managing Director, M R Jaishankar, Executive Chairman, Executive Chairman, MR Jaishankar, Shankar were recognised by Brigade Group, was conferred with Brigade Group was felicitated as Brigade Group, was inducted into the Busi
Slide 30: Awards and Accolades - Q3 FY25
Awards and Accolades - Q3 FY25 Brigade Group has been recognized by the Society of Energy Engineers Brigade Cornerstone Utopia won Brigade Twin Towers was conferred & Manager (SEEM) during the SEEM Awards 2023 for ‘Residential Project of the Year’ with the ‘Outstanding Concrete at the GRI Awards Ind
Slide 31: Shareholding Pattern – 31th Dec 2024
16% Shareholding Pattern – 31th Dec 2024 23% 41% 20% Promoter Group FIIs and FPIs DIIs Others 30
Slide 32: Board of Directors
Board of Directors M R Jaishankar Pavitra Shankar Nirupa Shankar Amar Mysore Roshin Mathew Pradyumna Executive Chairman Managing Director Jt. Managing Director Executive Director Executive Director Krishnakumar Executive Director • Masters in Business • MBA, Real Estate & Finance, • Masters of Manag
Slide 33: Board of Directors
Board of Directors Lakshmi Pradeep Kumar Dr. Venkatesh Bijou Kurien V V Ranganathan Abraham Stephanos Padmaja Chunduru* Independent Director Independent Director Independent Director Independent Director Venkatachalam Panja Panchapagesan Independent Director Independent Director Independent Director
Slide 34: Ongoing Residential Projects
Ongoing Residential Projects Brigade Citrine Brigade Icon Artist’s impression Artist’s impression 33
Slide 35: Completed Residential Projects
Completed Residential Projects Brigade Xanadu Brigade Cornerstone Utopia Actual shot Actual shot 34
Slide 36: Completed Commercial Projects
Completed Commercial Projects Brigade Senate WTC Annexe and Brigade Gateway Actual shot Actual shot 35
Slide 37: Thank you
Thank you Disclaimer: The information in this presentation contains certain forward-looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditures. These statements are based on current expectations that involve