Awfis Space Solutions Limited · NSE:AWFIS
Awfis Space Solutions — Q2 FY26 Earnings Presentation
36 slides from Awfis Space Solutions's earnings presentation, Nov 11, 2025
Slide 1: Stock exchange filing letter for Q2 FY26 presentation
Date: November 11, 2025 To, To, National Stock Exchange of India Limited BSE Limited (“BSE”) (“NSE”) Listing Department Listing Department Corporate Relationship Department Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Complex Bandra [E], Mumbai – 400051 Dalal Street, Fort, Mu
Slide 2: Investor Presentation Q2 & H1 FY26 November 2025
1 INVESTOR PRESENTATION | Q2 & H1 FY26 | NOVEMBER 2025
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), which have been prepared by Awfis Space Solutions Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Message from Amit Ramani
At Awfis, we have built India’s largest flexible workspace portfolio, comprising 247 centers and ~170k seats across 18 cities, serving a diverse base of around 3.4k clients. This scale reflects the strength of our execution capabilities and the deep operational expertise we’ve developed over the pas
Slide 5: Agenda
Q2 & H1 FY26 Growth 01 Performance 06 Strategy 04 About Us 07 Historical Financials 05 Investment Thesis ▪ Growing Flex Sector ▪ Network Leadership ▪ Innovative Supply Model ▪ Diverse Demand Strategy
Slide 6: Q2 & H1 FY26 Performance Summary
5 Q2 & H1 FY26 PERFORMANCE SUMMARY
Slide 7: Awfis: Pioneer in Indian Flexible Workspace Industry
AWFIS : PIONEER IN INDIAN FLEXIBLE WORKSPACE INDUSTRY ROBUST FINANCIALS Capital Efficient Model Rs. 367 Crs / 36.1% / 36.9% 66% / 65% Rs. 702 Crs (Reported) Revenue (Reported) Operating Annualized RoCE^ from operations EBITDA Q2FY26 / H1FY26 Q2FY26/ H1FY26 Q2FY26/ H1FY26 MARKET LEADER 18 Cities 247
Slide 8: Network Leadership
NETWORK LEADERSHIP INDIA’s LARGEST NETWORK OF FLEXIBLE WORKSPACES Awfis presence in Nine Tier 1 and Nine Tier 2 cities across all regions facilitates in fulfilling the growing and diverse needs of our clients Zone-Wise Breakup North South 13% 30 Centres 42% 99 Centres 12% 19,303 seats 45% 72,400 sea
Slide 9: Supply Highlights – September 2025
SUPPLY HIGHLIGHTS – SEPTEMBER 2025 EXPANDING FOOTPRINT AND DEEPENING MARKET PENETRATION NETWORK LEADERSHIP STABLE EXPANSION SIGNED SUPPLY1 247 170K 8.4Mn 8k 14k 35k Centres Seats Sq. Ft Seats added Seats Seats in Q2 added in H1 added YoY TOTAL SUPPLY2 237 161K 8.0Mn 70% of new supply in Grade A+ dev
Slide 10: Strong Demand Metrics
STRONG DEMAND METRICS 3.4K+ 44% 15K+ 74% 36 Active Multi Center New seats signed* Blended Weighted Average Total Clients Clients (Q2FY26) Tenure (months) Occupancy Rising occupancy with maturing vintage centres Increasing total and lock in tenures for large seat cohorts OCCUPANCY TOTAL TENURE LOCK I
Slide 11: Diverse Demand Strategy
DIVERSE DEMAND STRATEGY 3% Catering to all seat 4% cohorts… … and tenure buckets 21% 20% 34% >=24 months 500+ Seats 12-23 months Sept’25 201-500 Seats Sept’25 6-11 months 18% 101-200 Seats <=5 months 73% 51-100 Seats 15% 12% 1-50 Seats 28% Creating a customizable solution that serves businesses of a
Slide 12: New Launches: Strengthening Focus on Premiumisation
STRENGTHENING FOCUS ON PREMIUMISATION PREMIUM WORKSPACE COLLECTION EMPOWERING THE GCC & LARGE ENTERPRISE ECOSYSTEM 26 21 05 Centres Gold Elite Some Highlights from H1 FY'26 10+ GCCs signed 9+ Large across 5 Elite Corporates/MNCs signed Centres up ~ 5,000 seats ELITE NEW LAUNCHES ~ 67,000 sq. ft. NSE
Slide 13: Q2 & H1 FY26: Reported Financial Highlights
Q2 & H1 FY26 : REPORTED FINANCIAL HIGHLIGHTS Q2FY26 vs Q2FY25 (YoY) Revenue from Operating EBITDA / PAT/ PAT Margin ROCE^# Operations EBITDA margin (excl. Exceptional Items) Rs. 367 Crs Rs. 132 Crs / 36.1% Rs. 16 Crs / 4.4% 66% vs 62% in +26% +32% +9% FY25# H1FY26 vs H1FY25 (YoY) Revenue from Operat
Slide 14: Segmental Revenue Break Up
SEGMENTAL REVENUE BREAK UP 42% 28% 702 0 574 550 128 403 26% 12 292 367 135 H1FY25 H1FY26 0 69 Co-working space on rent 6 and allied services 574 68 403 19% 297 218 69 58 Q1FY25 Q1FY26 H1FY25 H1FY26 Co-working space on rent and allied services Q1FY26 Q2FY26 Construction and fit-out projects Others C
Slide 15: H1FY26 Financial Summary
H1FY26 FINANCIAL SUMMARY (Consolidated P&L) H1FY26 H1FY25 Reported Ind-AS 116 Ind-AS 116 Others IND IGAAP Reported Ind-AS 116 Ind-AS 116 Others IND IGAAP ▪ H1FY26 reported strong Operating Profit and Loss (in Rs. Crs) Ind-AS Impact Adj. AS adj.+ Equivalent Ind-AS Impact Adj. AS adj.+ Equivalent Reve
Slide 16: Q2FY26 Financial Summary
Q2FY26 FINANCIAL SUMMARY (Consolidated P&L) Q2FY26 Q2FY25 ▪ Q2FY26 reported strong Operating Revenue of Rs. 367 Crs, growth of 26% YoY. Profit and Loss (in Rs. Crs) Reported Ind-AS 116 Ind-AS 116 Others IND IGAAP Reported Ind-AS 116 Ind-AS 116 Others IND IGAAP Ind-AS Impact Adj. AS adj.+ Equivalent
Slide 17: Balance Sheet
BALANCE SHEET Assets (Rs. Crores) Sept 25 Mar 25 Liabilities (Rs. Crores) Sept 25 Mar 25 Non Current assets Equity Property, Plant and Equipment 564 508 72 71 Equity Share capital Capital work-in-progress 6 16 Other Equity 427 388 Other Intangible Asset 3 2 Total Equity 499 459 Intangible assets Und
Slide 18: Cash Flow Statement
CASH FLOW STATEMENT Particulars (Rs. Crores) H1FY26 H1FY25 Net Profit Before Tax 27 41 Adjustments for: Non Cash Items / Other Investment or Financial Items 245 145 Operating profit before working capital changes 271 187 Changes in working capital 32 8 Cash generated from Operations 303 194 Direct t
Slide 19: About Us
18 ABOUT US
Slide 20: The Awfis Story
The Awfis Story Awfis is India’s largest and fastest growing end-to-end Workspace Solutions Platform serving shared communities and delivering exceptional experiences. Conceived to address a critical gap – the need for accessible, flexible, high-quality workspaces at a fair price – Awfis is at the f
Slide 21: Awfis Workspace Solutions
Coworking Managed Office FlexibleWorkspaces Customised Workspaces Fixed Seats An end-to-end, built-to-suit enterprise workspace Cabin Spaces solution Customized Spaces Awfis Workspace Solutions Platform Transform AlliedServices Design & Build End-to-End Solutions On Demand Café Management Commercial
Slide 22: Decade of Transformation and Impact
DECADE OF TRANSFORMATION Inaugurated Chrys Capital invested (Bisque Ltd. & Link AND IMPACT 1st Centre Launched “Awfis Coworking” app Peak XV 1st Investment Trust) Inception of invested Awfis Centre Promising the Company in Tier 2 City Brand 2019 ET 2015 2016 2017 2018 2019 2025 2024 2023 2022 2021 2
Slide 23: Investment Thesis
2S mun INVESTMENT THESIS 22
Slide 24: Core Drivers of Awfis Excellence
CORE DRIVERS OF AWFIS EXCELLENCE GROWING FLEX SECTOR INNOVATIVE SUPPLY MODEL India has emerged as one of the Industry leader in capital efficient fastest growing markets for flexible “Managed Aggregation” model workspaces globally NETWORK LEADERSHIP STRONG DEMAND STRATEGY A leading flexible workspac
Slide 25: Growing Flex Sector
GROWING FLEX SECTOR INDIA AMONGST THE FASTEST GROWING MARKETS # GROWTH OF INDIAN OFFICE STOCK # GROWTH OF INDIAN FLEXIBLE WORKSPACE STOCK Mn Sqft. Flex stock as a % CAGR~6.7% share of office stock 5% 8% 13% HUGE ADDRESSABLE FLEX MARKET IN INDIA 1,072 CONTROLLED BY LARGE OPERATORS CAGR: 18% 140 - 144
Slide 26: Industry Recognition – H1FY26
INDUSTRY RECOGNITION – H1FY26 ET NOW- Enterprise Excellence in Coworking & India’s Best Design Best Co-working Integrated Workspace Workspace Project- NSE Space- Elite by Awfis Solutions Brand Of The Year Top 100 | Mid-size: India’s Top 25 CEOs, MDs and Top 25 CEOs, MDs and Top 100 Great People Mana
Slide 27: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM OUR SEASONED LEADERSHIP AMIT RAMANI SUMIT LAKHANI RAVI DUGAR MANU DHIR DEEPAYAN SEN Shweta Gupta Chairman and Chief Executive Chief Financial Chief Operating Head - Real Estate CS & Compliance Managing Director Officer Officer Officer and Leasing Officer • ~20 years of •
Slide 28: Board of Directors
AND BOARD OF DIRECTORS 01 RAJESH ARJUN BHARTIA ANIL PARASHAR RADHIKA SANJAY SHAH KHARABANDA Non-Executive Independent JAYKRISHNA Independent Non-Executive Director Director Independent Director Director Director • 37 years of • 7 years of • 27 years of • 8 yrs. of experience • Over 18 years of exper
Slide 29: Growth Strategy
GROWTH STRATEGY
Slide 30: Growth Strategy
GROWTH STRATEGY Continue to build an industry Enhance our product and leading capital efficient model Service offerings Grow our portfolio of Centres under Increase focus on Awfis Transform and the asset light MA model allied services Continue to develop mid-size Continue catering to a wider range o
Slide 31: Historical Financials
HISTORICAL FINANCIALS
Slide 32: Robust Financial Metrics
ROBUST FINANCIAL METRICS In Rs. Crs Revenue from Operations Operating EBITDA Net Cash Flow From Operations 1,208 402 363 13 +66% +60% 282 278 245 259 228 181 +61% 849 156 25 68 78 205 702 53 56 128 545 FY21 FY22 FY23 FY24 FY25 H1FY26 FY21 FY22 FY23 FY24 FY25 H1FY26 21 105 916 257 619 574 178 49 12 R
Slide 33: Design Portfolio
DESIGN PORTFOLIO
Slide 34: Design Portfolio
DESIGN PORTFOLIO
Slide 35: Design Portfolio
DESIGN PORTFOLIO
Slide 36: Thank You
Company Investor Relations THANK CIN: L74999DL2014PLC274236 CIN: U74140MH2010PTC204285 YOU cs.corp@awfis.com Mr. Rahul Agarwal / Mr. Pratik Shah E: rahul.agarwal@sgapl.net / p.s.shah@sgapl.net www.awfis.com T: +91 9821438864 / +91 9870030585 www.sgapl.net
Awfis Space Solutions — Q2 FY26 Earnings Presentation on 6ix