Slide 1: Brigade Enterprises Limited Investor Presentation – Q2 FY23
Actual shot from Brigade Tech Gardens Actual shot from BIFC, Gujarat BRIGADE ENTERPRISES LIMITED Investor Presentation – Q2 FY23 (CIN: L85110KA1995PLC019126) 1
Slide 2: Brigade – A brand that puts values first
Brigade – A brand that puts values first About us Presence • Leading property developer in South Indian real estate market with over 35 years of experience • Reputation of developing Grade A properties • Business Portfolio of Residential, Lease Rentals and Hospitality projects • Consistent EBITDA ma
Slide 3: Segments Highlights – H1 FY23
Segments Highlights – H1 FY23 Real Estate – On Sale Basis Revenue Share % • Achieved pre-sales of ~1.2 Mn sft with sale value of INR 7,949 Mn during Q2 FY23 • Sales volume increased by 17% to 2.4 Mn sft during H1 FY23 as compared to H1 FY22 • Achieved Sales Value of INR 16,088 Mn H1 FY23, a growth o
Slide 4: Summary: Ongoing Projects
Summary: Ongoing Projects Area in Mn sft Projects Project Area Co Share LO/JV share Total Project Area 7% 1% Real Estate projects for sale in BEL 7.17 4.70 2.47 Brigade Orchards * 1.22 0.61 0.61 Real Estate Lease Rentals Brigade Cornerstone Utopia* 5.04 3.36 1.68 19.18 Mn sft Hospitality Brigade Res
Slide 5: Contents
Contents 1 Sustained momentum in Real Estate Segment 2 Steady performance in Leasing Segment 3 Strong revival in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 5
Slide 6: Highlights: Real Estate - Q2 FY23
Highlights: Real Estate - Q2 FY23 • Achieved pre-sales of ~1.2 Mn sft with a sale value of INR 7,949 Mn during Q2 FY23 • Average realization was INR 6,678/sft in Q2 FY23, increase by 6% compared to Q2 FY22 • Strong pipeline of ongoing projects of ~17.77 Mn sft • Real estate debt reduced by 28% durin
Slide 7: Group Sales Snapshot
Group Sales Snapshot Q2 FY23 on Q2 FY23 on H1 FY23 Particulars Q2 FY23 Q1 FY23 Q2 FY22 H1 FY23 H1 FY22 Q1 FY23 Q2 FY22 on H1 FY22 Net Area Sales (‘000 sft) Residential 1,154 1,130 1,294 2% (11%) 2,284 2,045 12% Commercial 36 105 19 (66%) 89% 141 33 327% Total 1,190 1,235 1,313 (4%) (9%) 2,425 2,078
Slide 8: Consolidated synopsis of Real Estate Projects
Consolidated synopsis of Real Estate Projects Ongoing BEL Ongoing SPV Particulars Stock Sales Total Projects Projects* In Mn sft BEL SPV Total super built-up area of projects on sale basis 15.98 1.79 0.35 0.45 18.57 Less: Landowner share 4.15 - - - 4.15 Company share of saleable area 11.83 1.79 0.35
Slide 9: Contents
Contents 1 Sustained momentum in Real Estate Segment 2 Steady performance in Leasing Segment 3 Strong revival in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 9
Slide 10: Our Leasing Portfolio: Operating Assets
Our Leasing Portfolio: Operating Assets Area in Mn sft Retail 1.20 0.11 Leased Out Hard Option Office 5.65 0.33 1.39 To Be Transacted Particulars Leasable Area Leased Hard Option To be transacted Brigade Tech Gardens 3.00 1.95 0.20 0.85 WTC Chennai 2.01 1.51 0.06 0.44 WTC Bengaluru 0.62 0.62 - - Bri
Slide 11: Capex Commitment
Capex Commitment (INR Mn) Project Estimated cost Incurred Balance* Brigade Twin Towers 5,999 2,417 3,859 Total Commercial Lease 5,999 2,417 3,859 *As of Sept ‘22 Artist’s impression of Brigade Twin Towers, Bengaluru 11
Slide 12: Contents
Contents 1 Sustained momentum in Real Estate Segment 2 Steady performance in Leasing Segment 3 Strong revival in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 12
Slide 13: Strong revival in Hospitality Segment
Strong revival in Hospitality Segment • Consistent growth during Q2 FY23, leading to all-round improvement in top line as well as bottom line • Achieved Revenue of INR 914 Mn during Q2 FY23, an increase of 122% Sheraton Grand, Bangalore from INR 411 Mn in Q2 FY22 Holiday Inn, RCR- Bangalore Grand Me
Slide 14: Contents
Contents 1 Sustained momentum in Real Estate Segment 2 Steady performance in Leasing Segment 3 Strong revival in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 14
Slide 15: Consolidated Financials: Snapshot
Consolidated Financials: Snapshot (INR Mn) Q2 FY23 on Q1 Q2 FY23 on Q2 H1 FY23 on H1 Particulars Q2 FY23 Q1 FY23 Q2 FY22 H1 FY23 H1 FY22 FY23 FY22 FY22 Revenue 9,122 9,203 7,761 (1%) 18% 18,325 11,676 57% EBITDA 2,494 2,504 2,157 - 16% 4,998 3,357 49% Finance costs 1,096 1,061 1,128 3% (3%) 2,157 2,
Slide 16: Business Segment Performance: H1 FY23
Business Segment Performance: H1 FY23 (INR Mn) Particulars Real Estate Lease Rental Hospitality Total Revenue 12,865 3,646 1,814 18,325 as % of Total 70% 20% 10% Direct Expenses 9,730 18 197 9,945 Admin Expenses 447 533 604 1,584 Selling Cost 317 135 80 532 Employee cost 673 237 356 1,266 EBITDA 1,6
Slide 17: Consolidated Cash Flows
Consolidated Cash Flows (INR Mn) Particulars Q2 FY23 Q1 FY23 H1 FY23 H1 FY22 Operating Activities Total Collections 14,220 12,103 26,323 16,541 Direct Cost/Construction Cost (6,547) (4,860) (11,407) (7,200) Landowner Payments (1,324) (1,097) (2,421) (1,558) Employee and Admin Expenses (1,093) (938)
Slide 18: Capital Allocation: Segment-wise as of 30th Sept 2022
Capital Allocation: Segment-wise as of 30th Sept 2022 (INR Mn) Capital Employed Operating Capital D/E Ratio PBD*/ Capital EBITDA/ Segment Equity (A) Debt (B) Employed (A/B) Equity % Employed OCE % (A+B) 11% (OCE) 27% Real Estate 19,637 1,537 21,174 0.08 20% 21,174 20% Hospitality 2,535 5,988 8,523 2
Slide 19: Consolidated Debt Profile
Consolidated Debt Profile (INR Mn) Segment Wise Debt (INR Mn) Particulars Sept-22 June-22 March-22 Real Estate 1,537 2,133 2,718 2% 4% Hospitality 5,988 6,124 6,182 12% GOP Securitised 4,969 5,150 5,332 Capex 1,019 974 850 Leasing 32,632 32,698 32,288 Securitised Lease Rental 23,454 23,832 23,768 Gr
Slide 20: Standalone Financial Statement
Standalone Financial Statement (INR Mn) Q2 FY23 on Q2 FY23 on H1 FY23 Particulars Q2 FY23 Q1 FY23 Q2 FY22 H1 FY23 H1 FY22 Q1 FY23 Q2 FY22 on H1 FY22 Turnover 6,309 6,613 6,046 (5%) 4% 12,922 8,716 48% EBITDA 1,748 1,746 1,685 - (4%) 3,494 2,587 35% Finance costs 332 322 362 3% (8%) 654 756 (13%) Pro
Slide 21: Contents
Contents 1 Sustained momentum in Real Estate Segment 2 Steady performance in Leasing Segment 3 Strong revival in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 21
Slide 22: Brigade's Land Bank
Brigade’s Land Bank Land Area (in acres) as on 30th Sep 22 10 3 15 18 Bangalore 74 Chennai Kochi Total Land-496 acres Mysore GIFT City Hyderabad Others Hyderabad 376 Bengaluru Mysore Chennai Total Land Area Cost of Land Amount Paid Balance Payable Kochi (Acres) (INR Mn) (INR Mn) (INR Mn) Thiruvanant
Slide 23: Developable Area Details
Developable Area Details Product Land Area Project Area (Mn Sft) BEL Share (Mn Sft) Project Area: Product Mix Residential 279 35.6 26.6 3% 1% 2% Plotted development 84 1.8 0.8 Commercial-Lease 57 7.2 6.6 15% Mixed Development 44 1.1 1.1 Commercial-Sale 11 1.6 0.8 Hotel 21 0.4 0.4 4% Project Area - 4
Slide 24: Contents
Contents 1 Sustained momentum in Real Estate Segment 2 Steady performance in Leasing Segment 3 Strong revival in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 24
Slide 25: Projects Launched: H1 FY23
Projects Launched: H1 FY23 Project Area BEL Economic Interest Project City Segment Quarter Launched (Mn Sft) (Mn Sft) Brigade Orchards, Neem Grove Bengaluru Residential 0.17 0.08 Q1 Brigade Eldorado. Iridium Block Bengaluru Residential 0.34 0.34 Q1 Brigade Atmosphere, Pearl Block Bengaluru Residenti
Slide 26: Upcoming Launches
Upcoming Launches Segment Total Area (Mn sft) Brigade Economic Interest (Mn sft) Residential 11.26 9.77 Plotted development 1.94 0.85 Leasing 2.03 1.20 Total 15.23 11.82 Artist’s impression of Brigade Residences-WTC Chennai Artist’s impression of Pearl at Brigade Atmosphere 26
Slide 27: Awards and Accolades – Q2 FY23
Awards and Accolades – Q2 FY23 • Recognised as ‘India’s Top Builder 2022’ in the National category at the Construction World Architect and Builder Awards • Our Chairman, Mr. M R Jaishankar was conferred ‘Bharat Ratna Sir M. Visvesvaraya Memorial Award 2022’ by FKCCI 27
Slide 28: Shareholding Pattern – 30th September 2022
Shareholding Pattern – 30th September 2022 20% Promoter Group 44% FIIs and FPIs Mutual Funds 23% Others 13% 28
Slide 29: Board of Directors
Board of Directors M. R. Jaishankar Aroon Raman Pavitra Shankar Nirupa Shankar Amar Mysore Roshin Mathew Executive Chairman Vice Chairman (Non-Exec.) Managing Director Jt. Managing Director Executive Director Executive Director • Masters in Business • MBA from Wharton School, • MBA, Real Estate & Fi
Slide 30: Ongoing Residential Projects
Ongoing Residential Projects Artist’s impression of Brigade Cornerstone Utopia Artist’s impression of Brigade Nanda Heights 30
Slide 31: Upcoming launches
Upcoming launches Artist’s impression of garden Artist’s impression of Brigade Valencia at Brigade Oasis 31
Slide 32: Completed Residential Projects
Completed Residential Projects Actual shot at Brigade Parkside North Actual shot at Brigade Seven Gardens 32
Slide 33: Completed Commercial Projects
Completed Commercial Projects Actual shot at Brigade Southfield Actual shot at Signature Towers at Brigade Golden Triangle 33
Slide 34: Thank you
Email:investors@brigadegroup.com Brigade Enterprises Limited 29th & 30th Floor, World Trade Center Brigade Gateway Campus, Dr Rajkumar Road, Malleswaram-Rajajinagar, Bengaluru 560055 Thank you Disclaimer: The information in this presentation contains certain forward-looking statements. These include