Awfis Space Solutions Limited · NSE:AWFIS
Awfis Space Solutions — Q3 FY26 Earnings Presentation
43 slides from Awfis Space Solutions's earnings presentation, Feb 2, 2026
Slide 1: Intimation of Investor Presentation to Stock Exchanges
Date: February 02, 2026 awfis 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, Fo
Slide 2: Investor Presentation | Q3 & 9M FY26 | February 2026
■ I 1 INVESTOR PRESENTATION | Q3 & 9M FY26 | February 2026
Slide 3: Safe Harbor
SAFE HARBOR awfis 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 f
Slide 4: Q3 & 9M FY26 Performance, About Us, Growth Strategy, Industry, Financials
awfis Q3 & 9M FY26 01 Performance 02 About Us 03 Growth Strategy 05 Historical Financials 04 Industry Snapshot ▪ Indian Office Market ▪ Growing Flex Sector
Slide 5: Executive Summary
We are pleased to report a strong operational and financial performance during Q3 FY26, driven by sustained demand awfis across enterprise and GCC clients, disciplined execution, and the continued strength of our capital-efficient expansion strategy. Strong Financial Performance: Revenue for the Q3F
Slide 6: Q3 & 9M FY26 Performance Summary
5 Q3 & 9M FY26 PERFORMANCE SUMMARY
Slide 7: Q3 & 9M FY26: Reported Financial Highlights
Q3 & 9M FY26 : REPORTED FINANCIAL HIGHLIGHTS awfis Q3FY26 vs Q3FY25 (YoY) Revenue from Revenue from Co- Operating EBITDA / PAT/ PAT Margin ROCE# Operations working and allied EBITDA margin (excl. Exceptional Items) services Rs. 382 Crs Rs. 322 Crs Rs. 139 Crs / 36.5% Rs. 22 Crs /5.7% 66% Annualized
Slide 8: Awfis: Pioneer in Indian Flexible Workspace Industry
awfis AWFIS: PIONEER IN INDIAN FLEXIBLE WORKSPACE INDUSTRY ROBUST FINANCIALS Capital Efficient Model Rs. 382 Cr/Rs. 1,083 Cr 36.5%/36.7% 66% (Reported) Revenue (Reported) Operating Annualized RoCE^ from operations EBITDA Q3FY26 Q3FY26/ 9MFY26 Q3FY26/ 9MFY26 MARKET LEADER 18 Cities 257/177K 246/166K
Slide 9: Network Leadership
NETWORK LEADERSHIP awfis 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 i•IHijiHYit~ r' • North South 31 Centres 101 Centres 13% ~ 41% 12%
Slide 10: Supply Highlights – December 31, 2025
awfis SUPPLY HIGHLIGHTS – December 31, 2025 EXPANDING FOOTPRINT AND DEEPENING MARKET PENETRATION NETWORK LEADERSHIP STABLE EXPANSION SIGNED SUPPLY1 SUSTAINED GROWTH MOMENTUM* 257 177K 8.6Mn 8k 11 34k Centres Seats Sq. Ft Seats added New centre Seats in Q3 launches in Q3 added YoY TOTAL SUPPLY2 246 1
Slide 11: Awfis Managed Aggregation: A Hospitality-Style, Asset Light Business Model
AWFIS MANAGED AGGREGATION: awfis A HOSPITALITY-STYLE, ASSET LIGHT BUSINESS MODEL Why Does How Does Managed Aggregation Compare Managed Aggregation Work? to Scalable Hotel Chains? Hotel Hotel Flex Awfis (Managed Parameter Landlord Advantage (Asset Owner ) (Brand Owner) (Standard) Aggregation) Asset H
Slide 12: Building the Next Phase of Awfis' Capital Light Network
awfis BUILDING THE NEXT PHASE OF AWFIS’ CAPITAL LIGHT NETWORK ~8L sq. ft. of MA supply already committed across prime micro-markets Committed Pipeline from Q4FY26 to Q3FY27 Centre ID City Micromarket Chargeable Area (Sq. ft.) Centre 1 Pune SBD West 28,000 Centre 2 Chandigarh PBD 22,000 Centre 3 Kolk
Slide 13: Demand Strength Reflected in Cohorts, Tenure and Stickiness
DEMAND STRENGTH REFLECTED IN COHORTS, TENURE AND STICKINESS awfis Healthy Occupancy Numbers Built for Every Stage of Scale -- > 12 months Vintage Centres Overall 84% 75% •• 500+ Seats 201-500 Seats 10% 14% Dec’25 36% Dec’25 •• 101-200 Seats 51-100 Seats 26-50 Seats 14% 11% 15% Durable Client Commitm
Slide 14: Diversified, Enterprise-Led Demand Underpinning Resilient Growth
DIVERSIFIED, ENTERPRISE-LED DEMAND awfis UNDERPINNING RESILIENT GROWTH Client Distribution by Industry Client Distribution By Company Type •• Technology Professional Services 8% 10% • Multi-sector mix limits concentration risk and avoids dependence on 10% 1% •• Manufacturing Healthcare & Life Scienc
Slide 15: India's GCC Expansion: Long-Term Demand Tailwind for Awfis
INDIA’S GCC EXPANSION: LONG-TERM DEMAND TAILWIND FOR AWFIS awfis India’s GCC Growth Story Awfis’ Structural Right to Win GCC Demand # of GCCs >>> 1,580 1,800 2,200 Comprehensive in-house capabilities across workspace strategy, D&B, IT, F&B, transport and business support services enable seamless GCC
Slide 16: Global, Multi-Sector GCCs Driving Predictable Growth
GLOBAL, MULTI-SECTOR GCCS DRIVING PREDICTABLE GROWTH awfis Awfis: The Operating System for GCCs in India Awfis GCC Universe • One platform for GCC launch, operations and expansion 80+* 21% 9 • • • Workspace strategy & location planning Single partner across IT, fit-outs, F&B and mobility Enterprise-
Slide 17: High-Value GCC Wins Driving Recurring Revenue Growth
HIGH-VALUE GCC WINS DRIVING RECURRING REVENUE GROWTH awfis Live GCC Portfolio – Active Enterprise Clients Client City Fitness & Wellness Platform Hyderabad Media Intelligence Firm Hyderabad Fintech & Loyalty Services Provider Pune Consulting & Advisory Firm Bengaluru E-commerce Marketplace Bengaluru
Slide 18: Case Study: Powering Global Capability Centre Growth in India
CASE STUDY: POWERING GLOBAL CAPABILITY CENTRE GROWTH IN awfis INDIA GLOBAL E-COMMERCE GIANT LEGACY GLOBAL HEALTHTECH GIANT Client’s Vision: Client’s Vision: • Establish India as a strategic global innovation and engineering hub • Create a scalable India delivery and R&D hub supporting global clients
Slide 19: Premium Centres as the Front Door to Enterprise & GCC Growth
PREMIUM CENTRES AS THE awfis FRONT DOOR TO ENTERPRISE & GCC GROWTH PREMIUM WORKSPACE COLLECTION EMPOWERING THE GCC & LARGE ENTERPRISE ECOSYSTEM 32 25 Gold 07 Elite Centres Coverage across 8 GCC Located exclusively in hubs, including all 7 Grade A+ developments, NEW CLIENTS ONBOARDED Tier-1 cities fo
Slide 20: Coworking and Awfis Transform Businesses Scaling with Independent Momentum
Coworking and Construction & Fit-out (Awfis Transform) awfis businesses scaling rapidly with independent momentum Strong coworking momentum driving next Awfis Transform Committed Pipeline Commentary revenue step-up CAGR: 67% Industry Pipeline ▪ Coworking business continues to grow with a CAGR of 67%
Slide 21: Segmental Revenue Break Up
SEGMENTAL REVENUE BREAK UP awfis 25% •• Co-working space on rent and allied services Construction and fit-out projects • Others 1,083 0 868 188 13 208 20% 382 895 318 0 60 38% 1 647 73 32% 322 243 Q3 FY25 Q3 FY26 9M FY25 9M FY26 20
Slide 22: Reported Consolidated Financial Summary
Reported Consolidated Financial Summary awfis Particulars (INR Cr) Q3 FY26 Q3 FY25 Y-o-Y (%) Q2 FY26 Q-o-Q (%) 9MFY26 9MFY25 Y-o-Y (%) FY25 Total Revenue from operations 382 318 20% 367 4% 1,083 868 25% 1,208 Co-working space on rent and allied services 322 243 32% 297 8% 895 647 38% 916 Constructio
Slide 23: Normalized Consolidated Financial Summary
Normalized Consolidated Financial Summary awfis Particulars (INR Cr) Q3 FY26 Q3 FY25 Y-o-Y (%) 9MFY26 9MFY25 Y-o-Y (%) Total Revenue from operations 382 318 20% 1,083 868 25% Co-working space on rent and allied services 322 243 32% 895 647 38% Construction and fit-out projects 60 73 -18% 188 208 -10
Slide 24: About Us
awfis 23 ABOUT US
Slide 25: A Distinctive and Differentiated Platform Approach
A Distinctive And Differentiated Platform Approach Coworking Managed Office Allied Services transform by awfis Flexible Workspaces Customized Workplace End-to-End Services Design & Build awfis An end-to-end, built-to- A suite of B2C and B2B Commercial fit-out awfisgold suit enterprise offerings to e
Slide 26: Decade of Transformation and Impact
DECADE OF TRANSFORMATION AND IMPACT awfis ~ awfis Transforrm Chrys Capital invested Inaugurated (Bisque Ltd. & Link awfisgold 1st Centre Investment Trust) Launched “Awfis Peak XV 1st awfis Care Coworking” app invested Awfis Centre Inception of Prestigious Brands Promising the Company in Tier 2 City
Slide 27: Experienced Management Team
EXPERIENCED MANAGEMENT TEAM awfis 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
Slide 28: Board of Directors
AND BOARD OF DIRECTORS awfis 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 year
Slide 29: Industry Recognition - 9MFY26
Industry Recognition - 9MFY26 awfis ET NOW- Enterprise Excellence in Coworking & India's Best Design Best Co-working ..... Integrated Workspace .. . Workspace Project- NSE Space- Elite by Awfis Brand Of The Year Solutions I2025 I Ill INDIA"S =~N AWARDS Top 100 I Mid-size: India's Top 25 CEOs, MDs an
Slide 30: Awfis: India's New Standard for Wellness in Coworking
Awfis: India’s New Standard for Wellness in Coworking awfis Awfis has become the first coworking brand in India to achieve three WELL certifications simultaneously, reinforcing its commitment to human-centric, future-ready workspaces Triple Milestone in Excellence Through a "WELL at scale" pathway a
Slide 31: Growth Strategy
awfis GROWTH STRATEGY
Slide 32: Growth Strategy
GROWTH STRATEGY awfis 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 r
Slide 33: Awfis' Winning Playbook: The Differentiators Behind Its Growth
AWFIS’ WINNING PLAYBOOK: awfis THE DIFFERENTIATORS BEHIND ITS GROWTH PREMIUMISATION TAILWINDS Enterprise - focused Managed Offices, Move towards Elite and Gold centers capturing GCC demand ASSET LIGHT DIFFERENTIATION Best-in-class asset-light model with low capex, low debt, and strong ROCE relative
Slide 34: Industry Snapshot
pe _ i 2 | fill] li, Mh INDUSTRY SNAPSHOT 33
Slide 35: Indian Office Market (1/2)
awfis Indian Office Market (1/2) Key Highlights India Amongst The Fastest Growing Markets Key Highlights City Wise Absorption and Supply Mix Absorption Mix ▪ Office leasing in the last quarter of 2025 22 .2 Kolkata reached all-time high of 20.6 million sq mn sq. ft. Hyderabad ft, representing a 20%
Slide 36: Indian Office Market (2/2)
awfis Indian Office Market (2/2) Key Highlights India Amongst The Fastest Growing Markets Flex Workspace Market Statistics Growth Of Indian Office Stock Huge Addressable Flex Market In India Growth Of Indian Flexible (Mn Sqft.) Workspace Stock (Mn Sqft.) CAGR: 7.2% ______. Controlled By Large Operat
Slide 37: Historical Financials
awfis HISTORICAL FINANCIALS
Slide 38: Robust Financial Metrics
ROBUST FINANCIAL METRICS awfis In Rs. Crs Operating EBITDA Revenue from Operations 402 398 1,208 13 1,083 +66% 0 245 278 188 849 156 +61% 25 205 68 53 545 21 105 FY21 FY22 FY23 FY24 FY25 9MFY26 916 895 257 619 12 ROCE#^ 66% 178 49 419 62% 11 5 162 196 FY21 FY22 FY23 FY24 FY25 9MFY26 43% •• Others Co
Slide 39: Design Portfolio
awfis DESIGN PORTFOLIO
Slide 40: Design Portfolio
awfis DESIGN PORTFOLIO 39
Slide 41: Design Portfolio
awfis DESIGN PORTFOLIO 40
Slide 42: Design Portfolio
awfis DESIGN PORTFOLIO 41
Slide 43: Thank You
Company Investor Relations THANK awfis S G A Strategic Growth Ad.visors CIN: L74999DL2014PLC274236 CIN: U74140MH2010PTC204285 YOU cs.corp@awfis.com Mr. Rahul Agarwal / Mr. Nitin Agarwal E: rahul.agarwal@sgapl.net/nitin.agarwal@sgapl.net www.awfis.com T: +91 9821438864 / +91 8303879589 www.sgapl.net
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