Mindspace Business Parks Reit · NSE:MINDSPACE.RR
Mindspace Business Parks Reit — Non-Deal Roadshow (June 2025)
32 slides from Mindspace Business Parks Reit's roadshow presentation, June 2025
Slide 1: Investor Presentation
Investor Presentation June 2025 1
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation (“Presentation”) is made, or by reading the Presentation materials, you agree to be bound by the following limitations: This Presentation (a) is for information purposes only without regards to specific objectives, financial situations or n
Slide 3: Loved Workspaces, Maximizing Value.
Loved Workspaces, Maximizing Value.
Slide 4: Here Today – Management Team
Here Today – Management Team Ramesh Nair Govardhan Gedela Nikunj Kataria Head – Manager – MD & CEO Corporate Finance Investor Relations Experience Experience Experience • 26 years experience in Commercial • 15+ years experience including 10 years • 6+ years experience in Corporate Real Estate of ass
Slide 5: Sponsor Pedigree
Sponsor Pedigree
Slide 6: K Raheja Corp Group – Strong Foothold Across All Verticals Of Real Estate
K Raheja Corp Group – Strong Foothold Across All Verticals Of Real Estate Experience of operating 3 listed entities Shoppers Stop, Chalet Hotels & Mindspace REIT with a cumulative Mcap of US$ c.5.4 Bn Office Hospitality Malls Residential Retail c. 55 msf Portfolio(1) 5,000+ Keys(2) 7 shopping Center
Slide 7: What Is Driving The Business Model?
What Is Driving The Business Model? Proven Execution Capabilities Partnerships with leading institutional investors Created best-in class products Institutional Partnerships to accelerate across asset classes. ALTIMUS being growth of all asset classes the recent addition. Planned Delivery of c.6-7 m
Slide 8: Steady Growth Across Key Office Markets
Steady Growth Across 4 Key Office Markets Portfolio Growth (Cumulative estimated completions) 2025 2029 Building one of the REIT largest office 34.8 msf portfolios in India Pune Hyderabad 55 (1) c. msf est. completion 2029 4.5 11.4 12.9 17.8 msf msf msf msf REIT 30.0 msf c. 35 msf Mumbai Chennai & c
Slide 9: Mindspace REIT
Mindspace REIT
Slide 10: Portfolio Overview
Portfolio Overview 37.1msf 93.0 % US$ 4.3 Bn US$ 2.8 Bn Total Leasable Area (1) Committed Assets Under Market Cap (3) Occupancy (1) Management (2) Up 16.9% v/s Sep-24 US$ 241 Mn US$ 154 Mn 24.3 % INR 431.7 p.u. Net Operating Distribution Loan to Value (4) Net Asset Value Income (FY25) (FY25) (Low de
Slide 11: Managing c.$4 Bn in AUM across Key Office Markets
Managing c.$4 Bn in AUM across 4 Key Office Markets Located strategically in established office micro-markets Presence in Malad- Goregaon & Navi Presence in Mumbai IT Corridor markets 37.1 msf Madhapur Total Leasable Area micro-market Mumbai Region Hyderabad 14.4 msf 16.1 msf ` Mumbai Presence in Pu
Slide 12: Five Integrated Business Parks
Five Integrated Business Parks Mindspace Madhapur Mindspace Airoli East Hyderabad | 13.7 msf (1) Mumbai Region | 7.2 msf Completed Area: 9.9 msf; Committed Occupancy: 97.2% Completed Area: 4.9 msf; Committed Occupancy: 78.8% Mindspace Airoli West Gera Commerzone Kharadi Commerzone Yerwada Mumbai Reg
Slide 13: Five Quality Independent Office Assets
Five Quality Independent Office Assets Commerzone Porur Commerzone Raidurg Paradigm, Mindspace Malad Chennai | 1.1 msf Hyderabad | 1.8 msf Mumbai Region | 0.8 msf Completed Area: 1.8 msf Completed Area: 1.1 msf; Committed Occupancy: 100.0% Completed Area: 0.8 msf; Committed Occupancy: 98.5% Committe
Slide 14: Diversified Portfolio of Marquee Tenants
Diversified Portfolio of Marquee Tenants Top 10 tenants contributing 33.0% Diversified tenant mix across sectors Top 10 tenants Gross Contracted Rentals contribution (33.0%) (1) (1) % split by Gross Contracted Rentals % of total Gross Contracted Rentals Manufacturing # of parks & Processes, GCC- 12.
Slide 15: Eminent and Experienced Board of Directors of the Manager
Eminent and Experienced Board of Directors of the Manager Nine-member board with majority Independent Directors and an Independent Chairman Deepak Ghaisas Manisha Girotra Bobby Parikh Manish Kejriwal Akshaykumar Chudasama Independent Member Independent Member Independent Member Independent Member In
Slide 16: Performance Since Listing
16 Performance Since Listing mindspacereit.com
Slide 17: Delivered Sustained Growth & Performance Since Listing
Delivered Sustained Growth & Performance Since Listing Accelerating Occupancy 7.6 msf Portfolio growth 14.2% expansion 93.0% (1) Annualized Committed Occupancy Total Return(3) Strategic Asset ~US$ 375 Mn Capex Expansion Invested Distributed 6.1% US$ 613 CAGR In-Place ~11 % Mn(2) Operational Rent(4)
Slide 18: Achieved Organic Value Enhancement In The Portfolio Since Listing
Achieved Organic Value Enhancement In The Portfolio Since Listing Redevelopment Net Addition of c.2.2 Msf Yield coupled with healthy Growth 29.5 c. 7.6 msf c. 37.1 msf Msf (1) IPO 2020 Mar 2025 c.26% Increase in footprint since listing Data Center FSI Utilisation & Acquisition 1.7 msf (3) 1.0 msf (1
Slide 19: Creating Value Through Strategic Initiatives
19 Creating Value Through Strategic Initiatives Mixed Use Hospitality like Re-Energised Parks Data Centers Ecosystems Experience Average age of the Portfolio – c. 10 years 3 Hotels (1) Premium “Clubs” completed / planned in the Portfolio 5 DCs with c.1.7 and “Lounges” msf footprint the new offerings
Slide 20: Data Centers: Adding Value To The Portfolio
Data Centers: Adding Value To The Portfolio Only Listed REIT in India with Data Centers in the Portfolio 1.05 msf Long Term leases with c.US$ 129 Mn Leased in Q2 FY25 longer Lock-ins Gross Value(1) Completed Completed Data Centres Completed Portfolio shall have 5 DCs with c.1.7 msf footprint (over 2
Slide 21: Dynamic Environment, Vibrant Workspaces
Dynamic Environment, Vibrant Workspaces mindspacereit.com
Slide 22: Infusing Modern Design Elements To Elevate Experience
Infusing Modern Design Elements To Elevate Experience mindspacereit.com
Slide 23: Growth Drivers
23 Growth Drivers mindspacereit.com
Slide 24: Office Growth Drivers In India
Office Growth Drivers In India Favorable Structural Trends GCC Growing Return to Landscape Domestics Office Talent Cost Advantage 75% to c. 36% c. 36% 85% Talent Pool Availability % contribution of GCCs in office % share in overall gross leasing Physical Occupancy in space transactions in CY2024(1)
Slide 25: Organic NOI Growth Of c.$100-120mn Over Next Years
Organic NOI Growth Of c.$100-120mn Over Next 4 Years (1) C. 2.1 Msf Vacant Area Leasing C. 7.1 Msf (2) C. Us$ Contractual Under 100-120 Escalations Development Mn (1) MTM Growth In Rentals mindspacereit.com 25 (1) Based on average current market rent estimates; May undergo changes as per market cond
Slide 26: c. 7.1msf Of Assets Slated For Delivery In Next Years
c. 7.1msf Of Assets Slated For Delivery In Next 4 Years Hyderabad Re-Developments Under Construction 100% Pre-Leased to GCC Mindspace Madhapur Mindspace Madhapur Mindspace Madhapur Experience Center | 0.13 msf Building 1 | 1.5 msf Building 8 | 1.6 msf Balance Construction Capex US$ 511(1) Mn Mumbai
Slide 27: Organic + Inorganic = Portfolio Growth
Organic + Inorganic = Portfolio Growth Acquisitions from 3rd Party Consolidation Sponsor Group Acquisitions within Park Opportunistic Right of First Offer on Qualifying Acquiring third party units in the Parks Sponsor Assets(1) ▪ Right Markets ▪ Acquired 0.5 msf ▪ Good Quality Assets ▪ Opportunity t
Slide 28: Value Creation Through Inorganic Growth
Value Creation Through Inorganic Growth Consolidating ownership through acquisitions (c.0.5 msf) Commerzone Raidurg, Hyderabad c.100% area leased to Qualcomm c. 0.24 msf c. 1.82 msf (1) A Fortune 500 Leasable area company acquired in Commerzone Porur, Chennai Largest campus of Qualcomm in India c. 5
Slide 29: Value Creation via ESG
Value Creation via ESG 29
Slide 30: ESG Key Highlights
ESG Key Highlights Scope 1+2 emission 40.2% 55,295 Renewable energy mix tCO2e for FY25 (32.2% reduction from FY20 baseline) 13,43,724 KL c.55.6% of material Water Recycled sourced using sustainable sourcing US$ 217 Mn (2) US$ 76 Mn of Cumulative Green / Sustainability linked Bond Sustainability Link
Slide 31: Key Achievements & Awards
Key Achievements & Awards Commitment to Ecological balance, health & safety Mindspace REIT is certified as Great First Real Estate entity Committed to 100% Place to to join the initiative Renewable Power work • Secured position among top 10% in the Real Estate • WELL Health & Safety Investor Equity
Slide 32: Thank You!
Thank You! mindspacereit.com
Mindspace Business Parks REIT — Non-Deal Roadshow (June 2025) on 6ix