Slide 1: Board meeting outcome cover letter
Brigade Enterprises Limited Corporate Identity Number (CIN) : L8S11IOKAI995PLC019126 tl Registered Office : 29th & 30th Floor, World Trade Center Brigade Gateway Campus, 26/1, Dr. Rajkumar Road Malleswaram - Rajajinagar, Bengaluru - 560 055, India T : +91 80 4137 9200 BRIGADE E: enquiry@brigadegroup
Slide 2: Cover letter continuation
BRIGADE Building Positive Experiences The trading window of the Company was closed from 1%* January, 2023 and shall open on 12™ February, 2023. The above information is also hosted on the website of the Company at www.brigadegroup.com Kindly take the same on your records. Thanking you, Yours faithfu
Slide 3: Auditor's Review Report - Consolidated
S.R. BATLIBOI & ASSOCIATES LLP aE Clay" Canbeerca tc Chartered Accountants No. 24, Vittal Mallya Road Bengaluru - 560 001, India Tel : +91 80 6648 9000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Consolidated Financial Results of the Company Pursuant to the Regula
Slide 4: Auditor's Review Report - Consolidated (cont.)
S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants (xx1) Vibrancy Real Estates Private Limited (xxii) | Propel Capital Ventures LLP (xxilil) BCV Real Estates Private Limited (xxiv) Tandem Allied Services Private Limited (Associate entity upto June 30, 2022) (xxv) Prestige OMR Ventures LLP (Associa
Slide 5: Statement of Unaudited Consolidated Financial Results
BRIGADE ENTERPRISES LIMITED Corporate Identity Number (CIN): L85110KA1995PLC019126 Regd. Office: 26/1, 29th & 30th Floor, World Trade Center, Dr Rajkumar Road, UU Malleswaram-Rajajinagar, Bangalore 560 055 Phone: +91-80-41379200, 2221 7017-18 Fax:+9 1-80-2221 0784 BRIGADE Email: enquiry@brigadegroup
Slide 6: Notes to consolidated results: segment-wise details
Notes to the unaudited consolidated financial results for the quarter and nine months ended December 31, 2022 The above unaudited consolidated financial results of Brigade Enterprises Limited (‘the Company’) and its subsidiaries (together referred to as “the Group”) and its associate has been review
Slide 7: Notes to consolidated financial results
Notes to the dited lidated fi ial results for the quarter and nine months ended December 31, 2022 4 During the quarter ended December 31, 2022, the paid-up equity share capital of the Company has increased from Rs.23,057 lakhs to Rs. 23,066 lakhs pursuant to allotment of 96,363 equity shares on exer
Slide 8: Auditor's Review Report - Standalone
S.R. BATLIBOI & ASSOCIATES LLP “UB city Canberra Block i = = iy dognees Wd 12th Floor Chartered Accountants No. 24, Vittal Mallya Road Bengaluru - 560 O01, India Tel : +91 80 6648 9000 Independent Auditor’s Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the
Slide 9: Auditor's Review Report - Standalone (cont.)
S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants 6. The accompanying Statement of quarterly interim standalone financial results includes the reviewed financial results in respect of one LLP whose interim financial results and other financial information reflect total net loss after tax of Rs. 3
Slide 10: Statement of Unaudited Standalone Financial Results
BRIGADE ENTERPRISES LIMITED Corporate Identity Number (CIN): L85110KA1995PLC019126 Regd Office 29th & 30th Floor, World Trade Center, Brigade Gateway Campus, 26/1, pono Dr Rajkumar Road. Malleswaram-Rajajinagar, Bangalore 560 055 Nerina: | Phone, +91-80-41379200, 22217017-18 Fax:+9 1-80-2221 0784 se
Slide 11: Notes to standalone results: segment-wise details
Notes to the unaudited standalone financial results for the quarter and nine months ended December 31, 2022 The above unaudited standalone financial results of Brigade Enterprises Limited (‘the Company’) has been reviewed by the Audit Committee on February 08, 2023 and approved by the Board of Direc
Slide 12: Investor Presentation – 9M FY23
Artist9s impression of Brigade from Artist9s impression Citadel, Hyderabad Citadel-Hyderabad Actual shot at Holiday Inn, RCR, Bangalore BRIGADE ENTERPRISES LIMITED Investor Presentation – 9M FY23 (CIN: L85110KA1995PLC019126) 1
Slide 13: 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 36 years of experience • Reputation of developing Grade A properties • Business Portfolio of Residential, Lease Rentals and Hospitality projects • Consistent EBITDA ma
Slide 14: Segments Highlights – 9M FY23
Segments Highlights – 9M FY23 Real Estate – On Sale Basis • Achieved pre-sales of ~1.53 Mn sft, an increase of 29% over Q2 FY23, with sale value of INR 10,097 Mn Revenue Share % during Q3 FY23 • Sales volume increased by 25% to ~4.0 Mn sft during 9M FY23 as compared to 9M FY22 • Achieved Sales Value
Slide 15: 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 7.19 4.62 2.57 Brigade Orchards * 1.22 0.61 0.61 Real Estate Lease Rentals Brigade Cornerstone Utopia* 5.04 3.36 1.68 19.20 Mn sft Hospitality Brigade Res
Slide 16: Contents
Contents 1 Robust growth in Real Estate Segment 2 Leasing intact amid global headwinds 3 Continued growth momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 5
Slide 17: Highlights: Real Estate - Q3 FY23
Highlights: Real Estate - Q3 FY23 • Achieved pre-sales of ~1.53 Mn sft with a sale value of INR 10,097 Mn during Q3 FY23 • Strong pipeline of ongoing projects of ~17.79 Mn sft • Real estate debt reduced by 72% during 9M FY23 to INR 770 Mn, owing to higher collections and repayment • Strong pipeline
Slide 18: Group Sales Snapshot
Group Sales Snapshot Q3 FY23 on Q3 FY23 on 9M FY23 Particulars Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 Q2 FY23 Q3 FY22 on 9M FY22 Net Area Sales (8000 sft) Residential 1,455 1,154 1,083 26% 34% 3,740 3,128 20% Commercial 78 36 7 117% 1014% 218 40 445% Total 1,533 1,190 1,090 29% 41% 3,958 3,168 25%
Slide 19: 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 16.01 1.79 0.24 0.37 18.41 Less: Landowner share 4.27 - - - 4.27 Company share of saleable area 11.74 1.79 0.24
Slide 20: Contents
Contents 1 Robust growth in Real Estate Segment 2 Leasing intact amid global headwinds 3 Continued growth momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 9
Slide 21: Our Leasing Portfolio: Operating Assets
Our Leasing Portfolio: Operating Assets Area in Mn sft Retail 1.22 0.09 Leased Out Office 5.96 1.41 To Be Transacted Particulars Leasable Area Leased To be transacted Brigade Tech Gardens 3.00 2.18 0.82 WTC Chennai 2.01 1.57 0.44 WTC Bengaluru 0.62 0.62 - Brigade Opus 0.30 0.27 0.03 Brigade Bhuwalka
Slide 22: Capex Commitment
Capex Commitment (INR Mn) Project Estimated cost Incurred Balance* Brigade Twin Towers 5,999 2,912 3,087 Total 5,999 2,912 3,087 *As of Dec, 22 Artist9s Artist9s impression impression of Brigade of Brigade Twin Towers Twin Towers, Bengaluru 11
Slide 23: Contents
Contents 1 Robust growth in Real Estate Segment 2 Leasing intact amid global headwinds 3 Continued growth momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 12
Slide 24: Continued growth momentum in Hospitality Segment
Continued growth momentum in Hospitality Segment • Witnessed strong recovery in business travel leading to strong performance • Achieved Revenue of INR 1,006 Mn during Q3 FY23, an increase of 61% from INR 626 Mn in Q3 FY22 Four Points by Sheraton, Kochi Grand Mercure, Bangalore • Further improvement
Slide 25: Contents
Contents 1 Robust growth in Real Estate Segment 2 Leasing intact amid global headwinds 3 Continued growth momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 14
Slide 26: Consolidated Financials: Snapshot
Consolidated Financials: Snapshot (INR Mn) Q3 FY23 on Q2 Q3 FY23 on Q3 9M FY23 on Particulars Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 FY23 FY22 9M FY22 Revenue 8,586 9,122 9,332 (6%) (8%) 26,911 21,008 28% EBITDA 2,462 2,494 2,697 (1%) (9%) 7,461 6,054 23% Finance costs 1,184 1,096 1,083 8% 9% 3,342
Slide 27: Business Segment Performance: 9M FY23
Business Segment Performance: 9M FY23 (INR Mn) Particulars Real Estate Lease Rental Hospitality Total Revenue 18,450 5,641 2,820 26,911 as % of Total 69% 21% 10% Direct Expenses 13,654 34 312 13,999 Admin Expenses 700 909 1,041 2,650 Selling Cost 481 221 124 827 Employee cost 1,050 369 555 1,974 EBI
Slide 28: Consolidated Cash Flows
Consolidated Cash Flows Particulars (INR Mn) Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 Operating Activities Total Collections 13,283 14,220 10,951 39,605 27,492 Direct Cost/Construction Cost (6,167) (6,547) (4,155) (17,574) (11,355) Landowner Payments (1,165) (1,324) (982) (3,586) (2,540) Employee and
Slide 29: Capital Allocation: Segment-wise as of 31st Dec 2022
Capital Allocation: Segment-wise as of 31st Dec 2022 (INR Mn) Capital Employed Operating Capital D/E Ratio PBD*/ Capital EBITDA/ Segmentc Equity (A) Debt (B) Employed (A/B) Equity % Employed OCE % (A+B) 11% (OCE) 27% Real Estate 20,108 770 20,878 0.04 16% 20,878 17% Hospitality 2,637 5,798 8,435 2.2
Slide 30: Consolidated Debt Profile
Consolidated Debt Profile (INR Mn) Particulars Dec-22 Sep-22 Jun-22 Mar-22 Segment Wise Debt (INR Mn) Real Estate 770 1,537 2,133 2,718 2% 2% Hospitality 5,798 5,988 6,124 6,182 12% GOP Securitised 4,739 4,969 5,150 5,332 Capex 1,059 1,019 974 850 Leasing 32,577 32,632 32,698 32,288 11% Securitised
Slide 31: Standalone Financial Statement
Standalone Financial Statement (INR Mn) Q3 FY23 on Q3 FY23 on 9M FY23 Particulars Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 Q2 FY23 Q3 FY22 on 9M FY22 Turnover 5,579 6,309 7,139 (12%) (22%) 18,501 15,855 17% EBITDA 1,506 1,748 2,186 (14%) (31%) 5,000 4,773 5% Finance costs 349 332 336 5% 4% 1,003 1,09
Slide 32: Contents
Contents 1 Robust growth in Real Estate Segment 2 Leasing intact amid global headwinds 3 Continued growth momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 21
Slide 33: Brigade's Land Bank
Brigade’s Land Bank Land Area (in acres) as on 31st Dec 22 10 3 15 18 Bangalore 74 Chennai Kochi Total Land - 478 acres Mysore GIFT City Hyderabad Others Hyderabad 358 Bengaluru Mysore Chennai Total Land Area Cost of Land Amount Paid Balance Payable Kochi (Acres) (INR Mn) (INR Mn) (INR Mn) Thiruvana
Slide 34: Developable Area Details
Developable Area Details Product Land Area Project Area (Mn Sft) BEL Share (Mn Sft) Project Area: Product Mix Residential 279 35.7 26.6 2% 1% 3% Plotted development 62 1.4 0.6 Commercial-Lease 60 7.5 6.8 19% Mixed Development 44 1.1 1.1 Commercial-Sale 12 1.5 0.8 Hotel 21 0.4 0.4 Project Area - 47.6
Slide 35: Contents
Contents 1 Robust growth in Real Estate Segment 2 Leasing intact amid global headwinds 3 Continued growth momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 24
Slide 36: Projects Launched: 9M FY23
Projects Launched: 9M 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 37: Upcoming Launches
Upcoming Launches Segment Total Area (Mn sft) Brigade Economic Interest (Mn sft) Residential 9.00 7.12 Leasing 2.03 1.20 Total 11.03 8.32 Artist9s impression of Brigade El Dorado Artist9s impression of Pearl at Brigade Calista 26
Slide 38: Awards and Accolades – Q3 FY23
Awards and Accolades – Q3 FY23 • Our Chairman, Mr. M R Jaishankar was • Won 8Digital • Brigade Group was awarded felicitated at the South Indian Hotels and Marketing the <India9s Top Challengers Restaurants Association Awards Campaign of the Award= at Construction Year9 and World Global Awards 2022
Slide 39: Shareholding Pattern – 31st December 2022
Shareholding Pattern – 31st December 2022 20% Promoter Group 44% FIIs and FPIs Mutual Funds 22% Others 14% 28
Slide 40: 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 Independent Director) • MBA, Real Estate & Finance,
Slide 41: Ongoing Residential Projects
Ongoing Residential Projects Artist9s impression of Brigade Xanadu, Chennai Artist9s impression of Brigade Laguna, Bangalore 30
Slide 42: Upcoming launches
Upcoming launches Artist9s impression of Brigade Calista, Bangalore Artist9s impression of Brigade Valencia, Bangalore 31
Slide 43: Completed Residential Projects
Completed Residential Projects Artist9s impression of Brigade Bricklane, Bangalore Actual shot at Signature Villas at Brigade Orchards, Bangalore Artist9s impression from Brigade Symphony, Mysore 32
Slide 44: Completed Commercial Projects
Completed Commercial Projects Actual shot at WTC-Kochi Actual shot at Brigade Opus, Bangalore 33
Slide 45: 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
Slide 46: Press Release: Net Sales of 1.53 Mn Sft in Q3 FY23
PRESS RELEASE Brigade Enterprises Limited Achieved Net Sales of 1.53 Mn Sft with a Sale Value of %1,010 Crores in Q3 FY23. Bengaluru, February 09, 2023: Brigade Enterprises Limited posted a revenue of % 859 crores in Q3 FY23 with EBITDA of 3246 cores and PAT of 243 crores. Collections continued to r
Slide 47: About Brigade Enterprises
About Brigade Enterprises Brigade Enterprises Ltd. is one of India’s leading property developers with over three decades of expertise in building positive experiences for all their stakeholders and winning their customers’ trust. Brigade has developed many landmark buildings and transformed skylines