Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Shareholder Meeting (September 2025)
25 slides from Phoenix Mills's shareholder meeting presentation, Sep 29, 2025
Slide 1: Cover letter to stock exchanges for AGM presentation
Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax : (022) 3001 6601 CIN No. : L17100MH1905PLC000200 September 29, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchan
Slide 2: The Phoenix Mills Limited 120th AGM Presentation
Artist’s Impression THE PHOENIX MILLS LIMITED SCALE | AGILITY | TOMORROW 120th AGM Presentation September 2025 The St. Regis | Phoenix Palladium | Rise, Mumbai 1
Slide 3: India's Leading Retail-led Mixed-use Developer & Operator
India’s Leading Retail-led Mixed-use Developer & Operator RETAIL OFFICES H O S P I TAL I TY RESIDENTIAL Gross Leasable Area* Gross Leasable Area* Portfolio* Cumulative Saleable Area* 18+ msft ~9 msft ~2,188 Keys ~7 msft Operational Completed Operational OC Received Area ~11 msft ~5 msft # ~ 5 8 8 Ke
Slide 4: Strong performance over the last decade
Strong performance over the last decade Retailer Sales (Rs. cr) Retail Rental Income (Rs. cr) FY13 2,570 FY13 420 ~5x ~5x FY25 13,750 FY25 1,951 Operational Free Cash Flows (after Consolidated Operational EBITDA (Rs. cr) taxes and interest expense) (Rs. cr) FY13 263 FY13 132 ~8x ~13x FY25 2,161 FY25
Slide 5: FY25: Core Businesses Deliver Steady Growth
FY25: Core Businesses Deliver Steady Growth Core Businesses (Retail, Offices, Hotel) Revenue from Rs. 3,507 cr Operating Rs. 2,111 cr operations EBITDA Up 16% vs FY24 Up 16% vs FY24 Consolidated Group Performance Revenue from Rs. 3,814 cr Operating Rs. 2,161 cr operations EBITDA Down 4% vs FY24 Flat
Slide 6: India's Most Loved Retail Destinations
India’s Most Loved Retail Destinations Operational: 12 Malls | ~11 msft | 8 cities ~3,000 130+ mn ~15 mn STORES VISITORS VEHICLES Note: Data given above pertains to FY25 5
Slide 7: Retail Business Overview
Retail Business Overview Operational: 12 Malls | ~11 msft | 8 cities FY25 FY25 Retail FY25 Retail Consumption Rental Income EBITDA Rs. 13,750 cr Rs. 1,951 cr Rs. 2,010 cr Up 21% vs FY24 Up 18% vs FY24 Up 20% vs FY24 6
Slide 8: Phoenix Palladium: Curating the Next Chapter
Phoenix Palladium: Curating the Next Chapter Indicative Render Launched West Zone at Phoenix Palladium, Mumbai Unparalleled experiences across 250,000 sq. ft. of gross leasable area 5 levels of Retail | Curated F&B offering | Entertainment and more | Additional car parks 7
Slide 9: Gourmet Village at Phoenix Palladium (West Zone)
Gourmet Village at Phoenix Palladium (West Zone) Indicative Render 20 F&B Outlets| F&B and Experiential Hub | 2 dedicated floors 8
Slide 10: Commercial Office Business Overview
Commercial Office Business Overview Premium Workspaces Across India’s Growth Cities Operational (FY25)*: 5 Offices | ~2 msft | 2 cities FY25 Total FY25 Income EBITDA Rs. 210 cr Rs. 131 cr Up 10% vs FY24 Up 19% vs FY24 Offices Completed in 2025: One National Park, Millennium Towers, Phoenix Asia Towe
Slide 11: One National Park, Chennai
One National Park, Chennai Robust leasing traction GLA: ~0.60 msft Completion USGBC LEED Gold Pre-Certification Certificate received in August 2025 10
Slide 12: Millennium Towers, Pune
Millennium Towers, Pune Part OC Received Indicative Render GLA: ~1.37 msft 11
Slide 13: Millennium Towers and Millennium Club
Millennium Towers and Millennium Club Built with the Vision of being the “Best Office Building in Pune” Millennium Towers Indicative Render Millennium Club Indicative Render GLA: ~1.37 msft Area: ~50, 000 sq. ft Leasing ramp up to 90% to drive strong EBITDA growth and value creation Part OC Received
Slide 14: Phoenix Asia Towers
Phoenix Asia Towers Grade A Offices within a Thriving Campus GLA: ~0.78 msft Leasing ramp up to 90% to Full OC USGBC LEED Platinum Certified drive strong EBITDA growth Received and value creation Established office micro- market, to see demand growing with upcoming metro and infra projects Complete
Slide 15: The St. Regis, Mumbai – The Best Address of Mumbai
The St. Regis, Mumbai – The Best Address of Mumbai Iconic Properties, Elevated Experiences The St. Regis, Mumbai Koishii, The St. Regis, Mumbai 395 keys Rs. 523 Cr FY25 Operating Income Up 7% vs FY24 Rs. 248 Cr FY25 Operating EBITDA Photo shot at location Up 11% vs FY24 14
Slide 16: One Bangalore West and Kessaku
One Bangalore West and Kessaku Luxury Living in Bengaluru One Bangalore West Rs. 212 Cr FY25 Gross Bookings Rs. 219 Cr FY25 Collections ~26,000 psf FY25 Average Sales Price Indicative Render 15
Slide 17: Phoenix Grand Victoria Kolkata: East India's retail destination
Phoenix Grand Victoria Kolkata: East India’s retail destination Expected Completion: 2027 Indicative Render Retail GLA: ~1 msft 16
Slide 18: Our Second Retail Destination in Gujarat, at Surat
Our Second Retail Destination in Gujarat, at Surat Expected Completion: 2027 Indicative Render Retail GLA: ~1 msft 17
Slide 19: Upcoming Destinations
Upcoming Destinations Expected Completion: By 2030 Thane Coimbatore Chandigarh Retail: ~1.30 to 1.50 msft Retail: ~1.50 msft Retail: ~1 msft Phase 1 Phase 1 18
Slide 20: Making of an icon: Expansion of Phoenix MarketCity Bangalore
Making of an icon Expansion of Phoenix MarketCity Bangalore Artist’s Impression Phase 3: Phase 2 Phase 3: Retail expansion Expansion: Office Expansion GLA- ~0.6 msft Grand Hyatt Hotel GLA ~1.20 msft ~ 400 Keys Phase 2: Retail expansion GLA- ~0.17 msft Phase 3 Expansion: Hotel ~300 Keys Phoenix Marke
Slide 21: Investing back into the core
Investing back into the core Expansion of Phoenix Palladium Artist’s Impression Project Rise (Offices + Retail) GLA: ~1.30 msft Rise 3 (Offices + Retail) The St. Regis, Mumbai Phoenix Palladium, Mumbai Current Retail GLA : ~1 msft Retail GLA by 2027 : ~1.5 msft 20
Slide 22: From Destination Retail to Integrated Urban Icons
From Destination Retail to Integrated Urban Icons Segments 2024 By 2027 By 2030 Retail ~11 msft >14 msft >18 msft Offices ~2 msft* ~7 msft ~9 msft Hotels ~588 keys ~988 keys ~2,188 keys Residential^ ~3.5 msft ~4.5 msft ~7 msft Scaling with Purpose, Powered by People GLA is an estimate based on curre
Slide 23: Disciplined Financial Management, Strong Liquidity Position
Disciplined Financial Management, Strong Liquidity Position Mar-18 Mar-25 Change Amount Rs. cr EBITDA 778 ~2.8 x 2,161 + 1,383 Gross Block 6,834 ~2.9 x 19,694 + 12,860 Net Debt 3,922 2,707 - 1,215 22
Slide 24: Sustainability Updates
Sustainability Updates Certifications Initiatives^ USGBC LEED Gold Certification Renewable energy through offsite solar plant EV Charging / rooftop Stations USGBC LEED Platinum Certification Smart Building Management Systems USGBC LEED USGBC LEED Tie ups with Professional STP-based water Pre-certifi
Slide 25: Thank You
Ww Thank You 24
The Phoenix Mills — Shareholder Meeting (September 2025) on 6ix