Embassy Office Parks REIT · NSE:EMBASSY.RR
Embassy Office Parks REIT — Investor Day (March 2022)
37 slides from Embassy Office Parks REIT's investor day presentation, Mar 22, 2022
Slide 1: Embassy Office Parks REIT Analyst Day & Asset Tour
Embassy Office Parks REIT Analyst Day & Asset Tour March 22-23, 2022 Bangalore 1
Slide 2: Itinerary – Day 1
Embassy Office Parks Analyst Day (22-23 Mar’22) Itinerary – Day 1 Time (IST) Activity Venue Garden room, 5:30-6:30 PM Assembly and Registration at Four Seasons hotel Garden room, 6:30-7:30 PM Management briefing Four Seasons hotel Terrace Garden, 7:30 PM onwards Dinner Four Seasons hotel Suggested:
Slide 3: Itinerary – Day 2
Embassy Office Parks Analyst Day (22-23 Mar’22) Itinerary – Day 2 Time (IST) Activity Venue Breakfast with Hospitality head F5, 7:30am-9:00am Checkout and Hilton walking tour Hilton Garden Inn Embassy Manyata Experience Center 9:00am Assembly at Lobby Level, NXT 1 Pick-up point - Embassy Manyata Ass
Slide 4: Overview
1Q FY2022 Earnings Materials Overview Embassy TechVillage, Bangalore
Slide 5: Who We Are: Quick Facts
Embassy Office Parks Analyst Day (22-23 Mar’22) Who We Are: Quick Facts We own and operate a commercial office portfolio that serves as essential corporate infrastructure to global occupiers, including many technology companies 42.6 msf(1) 201 87% Portfolio Blue-chip Occupancy occupiers 12 1,614(1)
Slide 6: Eight Infrastructure-like Office Parks (40.3 msf)
Embassy Office Parks Analyst Day (22-23 Mar’22) Eight Infrastructure-like Office Parks (40.3 msf)(1) Embassy Manyata Embassy TechVillage Bangalore (14.8 msf) Bangalore (9.2 msf) Embassy GolfLinks Embassy Quadron Embassy TechZone Bangalore (2.7 msf) (2.9 msf) Pune (1.9 msf) Pune (5.5 msf) Embassy Oxy
Slide 7: Four Prime City-center Offices (2.3 msf)
Embassy Office Parks Analyst Day (22-23 Mar’22) Four Prime City-center Offices (2.3 msf) Express Towers FIFC Mumbai (0.5 msf) Mumbai (0.4 msf) Embassy 247 Embassy One Mumbai (1.2 msf) Bangalore (0.3 msf) 7
Slide 8: Buoyant leasing sentiment led by pent-up demand, improved visibility
Embassy Office Parks Analyst Day (22-23 Mar’22) Buoyant leasing sentiment led by pent-up demand, improved visibility 428k sf total lease-up across 15 deals in Q3, comprising of 346k sf new lease-up at 17% re-leasing spread and 82k sf renewals at 39% renewal spread 0.60 0.60 0.54 0.47 0.39 0.38 0.35
Slide 9: Back to office witnessing acceleration
Embassy Office Parks Analyst Day (22-23 Mar’22) Back to office witnessing acceleration Sharp ramp-up in park population; ~11% physical occupancy highest since beginning of pandemic Park population1 35,000 ~31k 30,000 25,000 ~25k ~25k 20,000 ~18k 15,000 Covid-19 Omicron Wave 10,000 ~9k Covid-19 5,000
Slide 10: Stable, Balanced, Superior Risk-adjusted Returns Delivered
Embassy Office Parks Analyst Day (22-23 Mar’22) Stable, Balanced, Superior Risk-adjusted Returns Delivered Since listing, Embassy REIT has delivered 47% total returns(1) (26% in capital appreciation and cumulative dividend yield of 21%), demonstrating strong operating and financial performance Selec
Slide 11: Asset Tour
1Q FY2022 Earnings Materials Asset Tour Embassy TechVillage – JP Morgan BTS, Bangalore
Slide 12: Bangalore micro market classification
Embassy Office Parks Analyst Day (22-23 Mar’22) Bangalore micro market classification Micro-Markets Prominent Locations Brigade Road, Cunningham Road, Infantry Road, Kasturba Central Business Road, Lavelle Road, M.G. District (CBD) Road, Richmond Road, St. Mark’s Road, Vittal Mallya Road Inner Ring
Slide 13: Embassy One Overview
Embassy Office Parks Analyst Day (22-23 Mar’22) Embassy One Overview Embassy One Bellary Road, (North Bangalore District) Total Area 0.3 msf (msf) % of total 1% GAV Development Mixed use type Occupancy 33% In-place Rent ₹142 psf MTM potential 4% WALE 8.4 yr Marquee Tenants(2) Hyundai Wework Korean T
Slide 14: Embassy Manyata Business Park Overview
Embassy Office Parks Analyst Day (22-23 Mar’22) Embassy Manyata Business Park Overview Embassy Manyata Business Park Nagawara, (North Bangalore District) Total Area 14.8 msf (msf) Completed 11.8 msf Area (msf) % of total OUTER RING ROAD 37% GAV Development Campus style type Occupancy 88% PROPOSED In
Slide 15: Embassy TechVillage Overview
Embassy Office Parks Analyst Day (22-23 Mar’22) Embassy TechVillage Overview Embassy TechVillage Outer Ring Road (Marathalli – Sarjapur) Total Area 9.2 msf (msf) Completed 7.2 msf Area (msf) % of total 24% GAV Development Campus style type Occupancy 99% In-place Rent ₹ 74 psf MTM 27% potential WALE
Slide 16: Embassy GolfLinks Overview
Embassy Office Parks Analyst Day (22-23 Mar’22) Embassy GolfLinks Overview Embassy GolfLinks Off Inner Ring Road (EBD) Total Area 4.5 msf (msf) REIT owned 2.9 msf Area (msf) (1) % of total 6% GAV Development Campus style type Occupancy 94% In-place Rent ₹ 125 psf MTM 20% Non Embassy Office Parks Blo
Slide 17: Embassy REIT Structure
Embassy Office Parks Analyst Day (22-23 Mar’22) Embassy REIT Structure Blackstone Embassy Sponsor Group Sponsor Entity Public Unitholders Acts on behalf Management of Unitholders Embassy Services Trustee Manager (Axis Trustee) REIT (EOPMSPL) 100% Manyata Promoters Private Limited (Embassy Manyata) 8
Slide 18: Analyst Day 2022 – ESG Update
Embassy Office Parks REIT Analyst Day 2022 – ESG Update 22-23 March 2022 18
Slide 19: ESG Overview
1Q FY2022 Earnings Materials ESG Overview Embassy TechVillage, Bangalore
Slide 20: Our ESG Journey
Embassy Office Parks Analyst Day (22-23 Mar’22) Our ESG Journey We have moved beyond driving ad-hoc sustainability programs and have adopted a structured ESG approach aimed at integrating ESG priorities into our business objectives and values Early Years Today (Pre FY2020) (FY2022) ► Integrating CSR
Slide 21: Our ESG Memberships and Certifications
Embassy Office Parks Analyst Day (22-23 Mar’22) Our ESG Memberships and Certifications Our current ESG memberships, certifications and performance on global benchmarks reflect our commitment to sustainability, transparency and operational excellence Past Achievements Current Achievements and Focus A
Slide 22: Our ESG Vision and Framework – Pillars
Embassy Office Parks Analyst Day (22-23 Mar’22) Our ESG Vision and Framework – 3 Pillars Our ESG Framework, comprising of 19 specific programs, is driven by our vision to “Reimagine spaces” for a sustainable tomorrow for all our stakeholders Water Risk 1 Energy and c Management Stewardship Emissions
Slide 23: 'Resilient Planet' | Environment
1Q FY2022 Earnings Materials ‘Resilient Planet’ | Environment Embassy Quadron, Pune
Slide 24: Pillar – Resilient Planet
Embassy Office Parks Analyst Day (22-23 Mar’22) Pillar 1 – Resilient Planet We are focused on Improving resource efficiency across our asset lifecycle and developing a sustainable supply chain by integrating ESG aspects across our value chain Water Risk Stewardship Energy and c Management Emissions
Slide 25: Energy and Emissions
Embassy Office Parks Analyst Day (22-23 Mar’22) Energy and Emissions We are committed to achieve net zero carbon operations by 2040 by increasing our renewable energy share and reducing energy intensity across our properties Current Landscape Future Direction 16.38 35% 2040 75% Energy Intensity Rene
Slide 26: Sustainable Supply Chain
Embassy Office Parks Analyst Day (22-23 Mar’22) Sustainable Supply Chain We aim to track, monitor and improve the sustainability performance across our supply chain Current Landscape Future Direction 500+ 200+ 100% 30%+ Suppliers / Contractors Suppliers / Contractors Adherence to Supplier Local Sour
Slide 27: Water, Waste and Biodiversity
Embassy Office Parks Analyst Day (22-23 Mar’22) Water, Waste and Biodiversity We aim to improve biodiversity and achieve a net zero state for water and waste through our tenets of reduce, reuse and recycle across our properties Current Landscape Future Direction 0.15 13 7% 25% Water Intensity OWC Ca
Slide 28: 'Revitalized Communities' | Social
1Q FY2022 Earnings Materials ‘Revitalized Communities’ | Social Embassy Qubix, Pune
Slide 29: Pillar – Revitalized Communities
Embassy Office Parks Analyst Day (22-23 Mar’22) Pillar 2 – Revitalized Communities We are focused on creating shared value for our employees, our occupiers, our vendors and the communities that we operate in Water Risk Stewardship Energy and c Management Emissions Regulatory Compliance c v Waste v C
Slide 30: Human Capital
Embassy Office Parks Analyst Day (22-23 Mar’22) Human Capital We are committed to ensure diversity, equity and inclusion in our organization and strive to maintain and improve the health, safety and wellbeing aspects across our properties Current Landscape Future Direction 20% 49 50% 100% Gender Div
Slide 31: Community Connect
Embassy Office Parks Analyst Day (22-23 Mar’22) Community Connect We aim to actively contribute to the social, economic and environmental development of our local communities and strive to align our ESG efforts with our occupiers, investors and other stakeholders Current Landscape Future Direction 2
Slide 32: 'Responsible Business' | Governance
1Q FY2022 Earnings Materials ‘Responsible Business’ | Governance Embassy TechZone, Pune
Slide 33: Pillar – Responsible Business
Embassy Office Parks Analyst Day (22-23 Mar’22) Pillar 3 – Responsible Business We are focused on creating and adopting a best-in-class governance and risk management framework to serve the interest of all our stakeholders Water Risk Stewardship Energy and c Management Emissions Regulatory Complianc
Slide 34: Our ESG Governing Structure
Embassy Office Parks Analyst Day (22-23 Mar’22) Our ESG Governing Structure Our holistic ESG program and integration with our business planning and strategy is overseen by a cross-functional ESG Committee which is supported by an ESG Working Group Management Committee ESG Committee Ops Head Projects
Slide 35: Ethics and Responsibility and Responsible Investment
Embassy Office Parks Analyst Day (22-23 Mar’22) Ethics and Responsibility and Responsible Investment We are committed to maintain our strong corporate governance standards and continuously endeavor to further refine our disclosures in line with global best practices Current Landscape Future Directio
Slide 36: Disclaimer
Embassy Office Parks Analyst Day (22-23 Mar’22) Disclaimer This presentation is issued by Embassy Office Parks Management Services Private Limited (the “Manager”) in its capacity as the Manager of the Embassy Office Parks REIT (“Embassy REIT”), for general information purposes only, without regards
Slide 37: Investor Contact
1Q FY2022 Earnings Materials Investor Contact: Website: www.embassyofficeparks.com | Email: ir@embassyofficeparks.com | Office: +91 80 4722 2222
Embassy Office Parks REIT — Investor Day (March 2022) on 6ix