Ndr Invit Trust · NSE:NDRINVIT
Ndr Invit Trust — Q1 FY2025-26 Earnings Presentation
33 slides from Ndr Invit Trust's earnings presentation, Aug 5, 2025
Slide 1: Investor Presentation Q1 FY2025-26
INVESTOR PRESENTATION Q1 FY2025-26 www.ndrinvit.com
Slide 2: Safe Harbor
Safe Harbor Some of the statements in this communication may be forward looking statements within the meaning of applicable laws and regulations. Actual results might differ substantially from those expressed or implied. Important developments that could affect the Trust's operations include changes
Slide 3: Overview
Q1FY26 Q1FY25 Revenue EBITDA Revenue (Rs. Mn) Revenue (Rs. Mn) 1,016 752 35.10 42.90 % % YoY YoY EBITDA (Rs. Mn) EBITDA (Rs. Mn) 946 662 Distribution 4.28 Distribution (Per Unit) Distribution (Per Unit) % Q1FY26 PERFORMANCE 1.825 1.75 YoY Quarterly Updates East 7.3% North West 26.2% 9.4% Delivered 1
Slide 4: A Brief Snapshot
A Brief Snapshot Strong Lineage Marquee Investors Strategic Positioning in High Over six decades of experience Anchor Investor – Investcorp Growth Markets spanning three generations in the Bond Investors – IFC, NaBFID Locations with access to 80% of India’s Logistics Industry. Consumption Markets Ot
Slide 5: Business Highlights
BUSINESS HIGHLIGHTS
Slide 6: Competitive Edge
Competitive Edge Perpetual Cash Flow Consistently High Occupancy Rates India’s first perpetual Warehousing and Industrial Park Achieved high occupancy levels at ~98%, the highest InvIT amongst peers Predictable and consistent revenue stream, ensuring Industry leadership and Client Loyalty ensure low
Slide 7: Ownership Structure & Key Metrics
Ownership Structure & Key Metrics Unit Holding Overview Sponsor Group Insurance Investcorp 19.2 msf. 6+ msf. 60+ Non-institutional Holdings Non-institutional Holdings (Others) AUM ROFO Projects Warehouses 37 100+ Top 10 clients contribute 16.1% Industrial Parks Clientele 33% of Gross Rentals Key Per
Slide 8: Regional Reach in High-Growth Markets
Regional Reach in High-Growth Markets Presence in major consumption & production hubs Area Contribution Revenue Contribution East East 7.6% 7.3% North North 6.7% 9.4% Delhi Sohna Bilaspur South South West West 56.5% Kolkata 57.1% 29.2% 26.2% Surat Chhatrapati Sambhaji Nagar Mumbai Pune Hyderabad Goa
Slide 9: Diversified and High-Quality Tenant Base
Diversified and High-Quality Tenant Base Top 10 customers contribute 33% of Gross Rentals Classification Contribution Revenue Contribution Classification % Area % Rental (% of Total mn sq.ft.) (% of Total Revenue) Logistics and 3 PL 41 40 Retail 14 16 Home Appliances 13 12 Auto & Industrial 12 14 FM
Slide 10: Portfolio Overview
Portfolio Overview Total area by Location (in mn sq. ft.) Under Construction /Future Development (in mn sq. ft.) 6 Under/Future Construction 5 4 3 Goa Sohna Chennai Bengaluru Delhi Sri City Sambhaji Nagar No. of Parks by Zone 2 40 East North 35 West 30 1 25 South 20 15 0 10 5 i i hi re a a oa ne u a
Slide 11: Financial Overview
FINANCIAL OVERVIEW
Slide 12: Q1 FY26 – Q4 FY25 Highlights
Q1 FY26 – Q4 FY25 Highlights FINANCIAL DISTRIBUTION Q1, FY26 Q1 FY26 Q1 FY25 Distribution 1.825 per Operating Revenue INR 1,016 mn INR 752 mn Per Unit (DPU) unit EBITDA* INR 946 mn INR 662 mn Distribution 7.3% Yield** Profit Before Tax INR 431 mn INR 429 mn Distribution Aug 08, 2025 Record Date Net
Slide 13: Profit & Loss Statement (in INR mn)
Profit & Loss Statement (in INR mn) Particulars Q1 FY26 Q4 FY25 Variance (%) Q1 FY25 Revenue from Operations 1,015.59 945.38 7% 751.77 Gain on investments 60.46 68.84 -12% 0.47 Interest income 5.97 30.45 -80% 10.47 Other Income 1.15 2.57 -55% 1.32 Total Income 1,083.17 1,047.24 764.03 Expenses and L
Slide 14: Key Highlights
Key Highlights Revenue (INR mn.) Operating EBITDA (INR mn.) Occupancy (~%) 1000 1000 100 1,015.59 945.38 900 98 900 98 98 98 98 877.82 800 800 823.05 96 96 793.20 751.77 750.75 700 700 94 697.27 600 600 661.63 609.93 92 500 500 90 FY25 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY 26 Q1 FY25 Q1 FY25 Q2 FY25 Q3 FY25
Slide 15: Commenting on the Performance
Commenting on the Performance As we step into a new quarter, of our second year as an InvIT, we scaled our portfolio, achieved high occupancy and delivered robust returns to our investors. With continued growth in average rentals, disciplined capital management, and our expansion into new markets, w
Slide 16: Annexure
ANNEXURE | [en YMC | ete ee Petit da
Slide 17: Key Milestones
Key Milestones 1954 2005 2005 - 09 2021 2023 Bespoke facility in Puducherry - Formation of Delex Cargo and its $55 mn led by PE firm $61 mn follow-on Investment Start of NDR Group operations first warehouse of NDR all - India expansion Investcorp by Investcorp Warehousing ~$23 mn fundraise to consor
Slide 18: NDR InvIT Structure
NDR InvIT Structure NDR Warehousing Pvt. Ltd. (Sponsor) Unitholders / Investors Service (Trustee) (Investment Managers) Project Manager 24 SPVs 1 - SPV (100% Owned) (74% Owned) www.ndrinvit.com 18
Slide 19: Strong & Experienced Board
Strong & Experienced Board Naidu Amrutesh Reddy Ramdas Ramakrishnan Iyer Ritesh Vohra M.S. Sundara Rajan Brinda Jagirdar G.K. Ravishankar Director Director Director Independent Director Independent Director Independent Director With over 24 years of With over 16 years of With over 25 years of Mr. Ra
Slide 20: Assets Under Right of First Offer (ROFO)
Assets Under Right of First Offer (ROFO) Total area (in mn sq. ft.) by Zone and ROFO Name No. of ROFO by City Name and Zone 2.0 South East 1.5 Kanpur Lucknow 1.0 0.5 Hosur Lucknow Kolkata 0.0 ta ad i ai ne re ad ow ur ur ch nn a to os np ab ab Pu Ko n lk ba ck e H Ko zi Ka er Ch West North ha Lu im
Slide 21: Assets Under Management
Assets Under Management South Zone Total Area: 10.99 mn sq.ft. Properties: Include mix of Built-to-Suit, Under-Construction, and ready facilities across key South Zone Consumption and Production markets. Sector Diversification: Catering diverse sectors including Logistics & 3PL, E-Com, FMCG, Automot
Slide 22: Assets Under Right of First Offer (ROFO)
Assets Under Right of First Offer (ROFO) South Zone Location: Hosur, Coimbatore, Kochi and Chennai Properties: Include mix of Built-to-Suit, Under-Construction, and ready facilities across key South Zone Consumption and Production markets. Sector Diversification: Catering diverse sectors including L
Slide 23: Assets Under Management
Assets Under Management West Zone Total Area: 5.02 mn sq.ft. Properties: Include mix of Built-to-Suit and ready facilities across key West Zone Consumption and Production markets. Sector Diversification: Catering diverse sectors including Logistics & 3PL, E-Com, FMCG, Automotive & Industrial, Consum
Slide 24: Assets Under Right of First Offer (ROFO)
Assets Under Right of First Offer (ROFO) West Zone Location: Pune and Hyderabad Properties: Include a mix of Built-to-Suit, Under-Construction, and Ready facilities across key West Zone Consumption and Production markets, serve diverse sectors, including Automotive, Agriculture, and Industrial. Stra
Slide 25: Assets Under Management
Assets Under Management North Zone Total Area: 1.80 mn sq.ft. Properties: Include mix of Built-to-Suit and ready facilities across key North Zone Consumption markets. Sector Diversification: Catering diverse sectors including Logistics & 3PL, FMCG, Automotive & Industrial, Consumer Durables, Electro
Slide 26: Assets Under Management
Assets Under Management East Zone Total Area: 1.41 mn sq.ft. Properties: Fully leased assets located in key Consumption and Production markets. Sector Diversification: Catering diverse sectors including Logistics & 3PL, E-Com, FMCG, Automotive & Industrial, Consumer Durables, Electronics and others.
Slide 27: Assets Under Right of First Offer (ROFO)
Assets Under Right of First Offer (ROFO) East Zone Location: Lucknow and Kanpur Properties: Include a mix of Under-Construction, and Ready facilities across key East Zone Consumption and Production markets, serve diverse sectors, including Automotive, Agriculture, and Industrial. Sector Diversificat
Slide 28: Under Construction Assets Under InvIT
Under Construction Assets Under InvIT Under Construction & Future Development - All Zones Location: Goa, Sri City and Hyderabad Logistics & 3PL, Pharma, Home Appliances Actual Photos www.ndrinvit.com 28
Slide 29: Enterprise Risk Management – Monitoring & Q1 Update
Enterprise Risk Management – Monitoring & Q1 Update Industry, Business and Concentration Investment risk Mitigated via, Financial risk Mitigated via, risk Mitigated via, Competent personnel, Prudent Management SPV Debt replaced with long term bonds, Presence across India’s leading Consumption and Hi
Slide 30: Sustainability Development Goals - NDR Initiatives
Sustainability Development Goals - NDR Initiatives Environmental Responsibility Social Responsibility Governance Key Initiatives Key Initiatives Key Initiatives Efforts on resource management efficiency Create and nurture a safe workplace for Adopt and implement environmental & social Sustainable O&
Slide 31: SDG - NDR Creates Environmental and Social impact
SDG - NDR Creates Environmental and Social impact CSR Biodiversity Forest – Supporting Higher Education School Bag Distribution – Support for Children with Breast Cancer Screening – Pagalmedu Warehouse for Female Students Pagalmedu Cerebral Palsy Angadu Activity Activity Activity Activity Activity I
Slide 32: SDG - NDR Creates Governance Impact
SDG - NDR Creates Governance Impact DNV – Independent Deloitte – Consistent Robust Board Global Standards in Proactive Safety & SMART Framework – Global Compliance Clean Audit Reports Reporting – ESG & Construction & Risk Management Performance with Benchmark Strategic Oversight Workforce Policies P
Slide 33: Thank You
THANK YOU NDR InvIT Trust, Ground Floor, KHIL House CTS No. 54, Village Bamanwada, Vile Parle (East), Mumbai - 400 099, Maharashtra, India T: +91 22 26101040 | www.ndrinvit.com