Slide 1: Board Meeting Decisions letter
Brigade Enterprises Limited Corporate Identity Number (CIN) : L85110KA1995PLC019126 Registered Office : 29th & 30th Floor, World Trade Center Brigade Gateway Campus, 26/1, Dr. Rajkumar Road Cc Malleswaram - Rajajinagar, Bengaluru - 560 055, India T: +9180 4137 9200 BRIGADE E : enquiry@brigadegroup.c
Slide 2: Trading window and closing note
Ul The trading window of the Company was closed from 1% April, 2022 and shall open on 16" MaPBRIGADE 2022 Building Positive Experiences The above information is also hosted on the website of the Company at www.brigadegroup.com Kindly take the same on your records. Thanking you, Yours faithfully,
Slide 3: Independent Auditor's Report on Consolidated Results
S.R. BATLIBOI & ASSOCIATES LLP Nee cat Cactusrs Bloch No. 24, Vittal Mallya Road FEO ROPR ES Bengaluru - 560 001, India Tel : +91 80 6648 9000 Independent Auditor's Report on the Quarterly and Year to Date Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listi
Slide 4: Basis for Opinion
S.R. BATLIBOoI & Associates LLP Chartered Accountants Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (SAs), as specified under Section 143( 10) of the Companies Act, 2013, as amended (“the Act”). Our responsibilities under those Standards are further described
Slide 5: Auditor's Responsibilities
S.R. BATLIBOI & AssociATes LLP Chartered Accountants Auditor's Responsibilities for the Audit of the Consolidated Financial Results Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and to issue
Slide 6: Other Matter
S.R. BATLIBOI & ASSOCIATES LLP Chartered Accountants Other Matter The accompanying Statement includes the audited financial statements and other financial information, in respect of: * — 19subsidiaries, whose financial statements include total assets of Rs 493,029 lakhs as at March 31, 2022, total r
Slide 7: Statement of Audited Consolidated Financial Results
ENTERPRISES LIMITED Corporate identhy Number (CIN): LASIIOKAISSSPLCOI9126 Regd. Cifice 26/1, 29th & 30th Flooe, World Trade Coster, De Rajuurear Road, —P Mallerwaram-Rajgjinagar, Bangalore 560 055 ——F Phone +1-8O-41 570200, 2221 701718 Fax =91-N0.2221 0784 —-A Emad enqueyisitey Website wwe com BRIGA
Slide 8: Consolidated Balance Sheet
(Rs in Veh) Anat Ase Particulars 34.00.2002 31a) 2021 12.464 38 $4,065 49,391 336,016 400,341 +40 00 1,604 1536 435 229 359 +2 rr 33610 ini) Other non-curront fisancial asses 19,693 19.909 32.056 220 3625 4240 20.326 44,722 Snb-tetal - Now Current Assets] 3410 e220 590,197 45980 $129 1299 1,960) $04
Slide 9: Consolidated Statement of Cash Flows
C. Statement of Cash flows (Rs in lakhs) Parboulars Year ended ‘Year ended 31.03.2022 | 31.03.2021 {Audised] [Audited] |Cash flows from operating activities Loss\/Profit before wx (1,504)] (12,5109) |Adpastment to reconcile profit before tax to net cash flows Depreciation and amortization expense 35
Slide 10: Notes to Consolidated Financial Results
‘Statcimsnt of Audited Consolidated Financial Results bur se geactor and year outed March 31,2012 Seen, 1 The abone audited comolidated financial ecsutts of Brigade Enterpetce Limited ("ths Coupany”?, as {the Heldieg Cs and 4 subscdianes sogsthor referred to 4 “the Growp”) and its associates has bec
Slide 11: Notes (Continued)
‘Statement of Audited Consolidated Financial Resets for the aearvcr anil veer cxsiesd March 31,2022 Nates (Continged); raypircongee 03 the Grosp bas received final assessment ceder {een the Karnataka Stamps and Registration Department with an assessed stamp duty payable of Rs 2,563 libs purveatt of
Slide 12: Independent Auditor's Report on Standalone Results
S.R. BATLIBOI & Associates LLP Mie ce canberra Block No. 24, Vittal Mallya Road Chartered Accountants Bengaluru - 560 001, India Tel : +91 80 6648 9000 Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of
Slide 13: Management's Responsibilities for Standalone Results
S.R. BATLIBOI & Associates LLP Chartered Accountants Management's Responsibilities for the Standalone Financial Results The Statement has been prepared on the basis of the standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentati
Slide 14: Auditor's Report Other Matter
S.R. BATLIBO!I & ASSOCIATES LLP Chartered Accountants We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our aud
Slide 15: Statement of Audited Standalone Financial Results
BRIGADE ENTERPRISES LIMITED Corporate Identity Number (CIN): L8S110KA199SPLC019126 2p Regd. Office: 29th & 30th Floor, World Trade Center, Brigade Gateway Campus, 26/1, -—4A Dr Rajkumar Road. Malleswaram-Rajajinagar, Bangalore $60 05S — ZF Phone: +91-80-41379200, 2221 7017-18 Fax +91-80-2221 0784 Em
Slide 16: Standalone Balance Sheet
B. Balance Sheet (Rs. in lakhs) As at Asat Particulars 31.03.2022 31.03.2021 (Audited) (Audited) JA |ASSETS 1 fNon-Current Assets (a) Property, plant and equepment 2220 2,62 )) Capital work in progress 328 ws (¢) Investment property 138,669 136,031 (d) Other Imangible assets 101 127 (¢) Financial as
Slide 17: Standalone Statement of Cash Flows
‘Statement of Audited Standalone Financial Results for the quarter and vear ended March 31, 2022 C. Statement of Cash flows (Rs. in lakhs) Year ended Year ended 31.03.2022 31.03.2021 {Audited} {Audited} Cash flows from operating activities Profit before tax 43,297 17,769 |Adjusiment to reconcile pro
Slide 18: Standalone Notes and Segment Results
‘Statement of Audited Standalone Financia! Results for the quarter and vear endev: March 31,2022 Notes: ‘The above audited standalone financial results of Brigade Enterprises Lamited (‘the Company") has been reviewed by the Audit Committee on May 11, 2022 and approved by the Board of Directors of th
Slide 19: Notes on Covid-19 impact
‘Notes: 6 — The outbreak of Covid-19 pandemic globally and in India has caused significant disturbance and slowdown of economic activities, especially in the retail leasing segment. ‘The Company's management has considered the possible effects that may result from the Covid-19 pandemic on the carryi
Slide 20: Brigade Enterprises Limited – FY 22
Artist’s impression of World Trade Center, Chennai Artist’s impression of Brigade Tech Gardens BRIGADE ENTERPRISES LIMITED Investor Presentation – FY 22 (CIN: L85110KA1995PLC019126) 1
Slide 21: Brigade – A brand that puts values first
Brigade – A brand that puts values first About us Presence • Leading property developer in South Indian real estate market with over 35 years of experience • Reputation of developing Grade A properties • Business Portfolio of Residential, Lease Rentals and Hospitality projects • Consistent EBITDA ma
Slide 22: Segments Highlights
Segments Highlights Real Estate – On Sale Basis • Achieved highest ever pre-sales of ~4.7 Mn sft with sale value of INR 30,227 Mn in FY22, an Revenue Share % increase of 9% from FY21 • Sales volume was ~1.5 Mn sft in Q4 FY22, an increase of 42% from Q3 FY22; Sale value of INR 10,279 Mn, an increase
Slide 23: Summary: Ongoing Projects
Summary: Ongoing Projects Area in Mn sft Projects Project Area Co Share LO/JV share Total Project Area 7% Real Estate projects for sale 7.88 5.11 2.77 Real Estate Brigade Orchards * 1.06 0.53 0.53 Lease Rentals Brigade Cornerstone Utopia* 5.02 3.33 1.69 93% Brigade Residences at WTC Chennai* 0.57 0.
Slide 24: Contents
Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 5
Slide 25: Highlights: Real Estate - FY22
Highlights: Real Estate - FY22 • Achieved highest ever pre-sales of ~4.7 Mn sft with a sale value of INR 30,227 Mn during FY22 • Average realization was INR 6,411 psft in FY22, increase by 7% from FY21 • Strong pipeline of ongoing projects of ~17.4 Mn sft Strong pipeline of upcoming projects of 8.3
Slide 26: Group Sales Snapshot
Group Sales Snapshot Q4 FY22 on Q4 FY22 on Particulars FY22 FY21 FY22 on FY21 Q4 FY22 Q3 FY22 Q4 FY21 Q3 FY22 Q4 FY21 Net Area Sales (‘000 sft) Residential 4,636 4,470 4% 1,508 1,083 1,628 39% (7%) Commercial 80 133 (40%) 40 7 33 471% 21% Total 4,716 4,603 2% 1,548 1,090 1,661 42% (7%) Net Sale Valu
Slide 27: Yearly Sales Performance – Real Estate
Yearly Sales Performance – Real Estate Net Area Sales ('000 Sft) Net Sales Value (INR Mn) 30,227 4,603 4,716 27,666 4,265 23,768 2,965 16,440 1,566 8,963 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 Achieved highest ever Pre-sales of ~4.7 Mn sft during FY22 8
Slide 28: Consolidated synopsis of Real Estate Projects
Consolidated synopsis of Real Estate Projects Ongoing BEL Ongoing SPV Particulars Stock Sales Total Projects Projects* In Mn sft BEL SPV Total super built-up area of projects on sale basis 15.79 1.63 0.56 0.55 18.53 Less: Landowner share 4.46 - - - 4.46 Company share of saleable area 11.33 1.63 0.56
Slide 29: Contents
Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 10
Slide 30: Our Leasing Portfolio: Operating Assets
Our Leasing Portfolio: Operating Assets Area in Mn sft Retail 1.16 0.15 Leased Out Hard Option Office 5.06 0.37 1.96 To Be Transacted Particulars Leasable Area Leased Hard Option To be transacted Brigade Tech Gardens 3.00 1.58 0.20 1.22 WTC Chennai 2.01 1.43 0.06 0.52 WTC Bengaluru 0.62 0.62 - - Bri
Slide 31: Capex Commitment
Capex Commitment (INR Mn) Project Estimated cost Incurred Balance* Brigade Twin Towers 5,999 1,767 4,232 Total Commercial Lease 5,999 1,767 4,232 *As of March 22 Artist’s impression of Brigade Twin Towers, Bengaluru 12
Slide 32: Contents
Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 13
Slide 33: Positive momentum in Hospitality Segment
Positive momentum in Hospitality Segment 56% • Hospitality performance was impacted by state-wide restrictions due to third wave of covid in Jan 22 and mid Feb 22 44% 23% • Showcased impressive revival after mid Feb 22; Occupancy reached 5,348 3,008 3,562 64% and ARR touched 78% of pre-covid levels
Slide 34: Contents
Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 15
Slide 35: Consolidated Financials: Snapshot
Consolidated Financials: Snapshot (INR Mn) Q4 FY22 on Q4 FY22 on FY 22 on FY Particulars Q4 FY22 Q3 FY22 Q4 FY21 FY 22 FY 21 Q3 FY22 Q4 FY21 21 Revenue 9,647 9,332 8,209 3% 18% 30,655 20,104 52% EBITDA 2,276 2,697 2,183 (16%) 4% 8,330 5,323 56% Finance costs 1,094 1,083 900 1% 22% 4,436 3,468 28% Pr
Slide 36: Business Segment Performance: FY22
Business Segment Performance: FY22 (INR Mn) Particulars Real Estate Lease Rental Hospitality Total Revenue 22,898 5,965 1,792 30,655 as % of Total 75% 19% 6% 100% Direct Expenses 16,091 55 218 16,364 Admin Expenses 851 1,267 812 2,929 Selling Cost 655 232 75 962 Employee cost 1,211 398 460 2,069 EBI
Slide 37: Consolidated Cash Flows
Consolidated Cash Flows (INR Mn) Particulars Q4 FY22 Q3 FY22 Q2 FY22 Q1 FY22 FY 22 FY 21 Operating Activities Total Collections 13,335 10,951 9,369 7,172 40,827 27,119 Direct Cost/Construction Cost (5,434) (4,155) (3,712) (3,488) (16,789) (11,132) Landowner Payments (1,218) (982) (939) (619) (3758)
Slide 38: Capital Allocation: Segment-wise
Capital Allocation: Segment-wise as of 31st March 2022 (INR Mn) Capital Employed % Operating Capital D/E Ratio PBD*/ Capital EBITDA/ Segment Equity (A) Debt (B) Employed (A/B) Equity % Employed OCE % (A+B) 11% (OCE) 30% Real Estate 20,209 2,718 22,927 0.13 17% 22,927 18% Hospitality 2,524 6,182 8,70
Slide 39: Consolidated Debt Profile
Consolidated Debt Profile (INR Mn) Particulars March-22 December-21 March-21 Real Estate 2,718 2,929 4,973 Hospitality 6,182 5,989 5,858 GOP Securitised 5,332 4,899 4,587 Capex 850 1,090 1,271 Leasing 32,288 32,100 32,165 Securitised Lease Rental 23,768 23,752 21,052 Capex 8,520 8,348 11,113 Less: C
Slide 40: Debt Profile & Cost of Borrowing
Debt Profile & Cost of Borrowing Segment Wise Debt (INR Mn) Avg. Cost of Borrowing 10% 7% 2% 9.00% 13% 9% 8.40% 8.14% Gross Debt – 7.92% 8% 7.81% 41,188 Mn 7.65% 58% 20% 7% 6% Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Commercial - LRD Commercial - CAPEX Hospitality - LRD Brigade's cost of debt SBI's
Slide 41: Standalone Financial Statement
Standalone Financial Statement (INR Mn) Q4 FY22 on Q4 FY22 on Particulars Q4 FY22 Q3 FY22 Q4 FY21 FY 22 FY 21 FY 22 on FY 21 Q3 FY22 Q4 FY21 Turnover 7,187 7,139 6,448 1% 11% 23,042 16,369 41% EBITDA 1,827 2,186 1,957 (16%) (7%) 6,601 5,154 28% Finance costs 335 336 454 - (26%) 1,427 1,976 (28%) Pro
Slide 42: Contents
Contents 1 Real Estate performance remains robust 2 Gained momentum in Leasing Segment 3 Strong rebound in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 23
Slide 43: Brigade's Land Bank
Brigade’s Land Bank Land Area (in acres) as on 31st March 22 12 3 14 15 18 Bangalore Chennai Kochi 75 Mysore GIFT City Thiruvananthapuram Hyderabad 300 Gujarat Hyderabad Bengaluru Mysore Chennai Total Land Area Cost of Land Amount Paid Balance Payable Kochi (Acres) (INR Mn) (INR Mn) (INR Mn) Thiruva
Slide 44: Developable Area Details
Developable Area Details Product Land Area Project Area (Mn Sft) BEL Share (Mn Sft) Project Area: Location Residential 260 33.7 24.8 Plotted development 89 1.9 0.8 4% 5% Commercial-Sale 12 1.5 0.9 Commercial-Lease 55 7.8 7.1 Hotel 21 0.4 0.4 25% Total 437 45.3 34.0 Location Land Area Project Area (M
Slide 45: Contents
Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches 26
Slide 46: Projects Launched: FY22
Projects Launched: FY22 Project Area BEL Economic Interest Project City Segment Quarter Launched (Mn Sft) (Mn Sft) Brigade El Dorado – K Block Bengaluru Residential 0.62 0.62 Q1 Brigade Xanadu Cluster 3 Chennai Residential 0.77 0.47 Q1 Brigade Gem Bengaluru Residential 0.18 0.14 Q2 Brigade Northridg
Slide 47: Upcoming Launches
Upcoming Launches Segment Total Area (Mn sft) Brigade Economic Interest (Mn sft) Residential 8.34 5.91 Leasing 2.03 1.20 Total 10.37 7.11 Artist’s impression of Brigade Nanda Heights Artist’s impression of Brigade Square, Trivandrum 28
Slide 48: Awards and Accolades – Q4 FY22
Awards and Accolades – Q4 FY22 • The Economic Times recognized Brigade Group as one of the Best Organization for Women - 2022, presented by FEMINA • Certificate for Safe Workplace Award presented by Cecure Us • CII – SR EHS Excellence Awards 2021, Gold award presented to Brigade Citadel • CII – SR E
Slide 49: Awards and Accolades – Q4 FY22
Awards and Accolades – Q4 FY22 • Our Executive Director, Ms. Nirupa Shankar recognized by The • Our CMD, Mr. M.R.Jaishankar conferred an Honorary Doctorate Economic Times as India Inc’s Top Young 40 Leaders under the age of Degree by Bangalore University 40 30
Slide 50: Shareholding Pattern – 31st March 2022
Shareholding Pattern – 31st March 2022 20% Promoter Group 44% FIIs and FPIs Mutual Funds 22% Others 14% 31
Slide 51: Board of Directors
Board of Directors Lakshmi Dr. Venkatesh Pavitra Shankar M. R. Jaishankar Aroon Raman Venkatachalam Panchapagesan Chairman and Managing Director Independent Director Independent Director Independent Director Executive Director • Masters in Business Administration • MBA from Wharton School, • MBA fro
Slide 52: Ongoing Residential Projects
Ongoing Residential Projects Artist’s impression of Brigade Laguna Artist’s impression of Brigade Utopia, Paradise 33
Slide 53: Completed Projects
Completed Projects Actual shot at Brigade Orchards, Deodar Actual shot at Brigade Panorama 34
Slide 54: Upcoming launches
Upcoming launches Artist’s impression of Brigade Atmosphere, Pearl Artist’s impression of Plotted development at Devanahalli 35
Slide 55: Ongoing Commercial Projects
Ongoing Commercial Projects Artist’s impression of Brigade Triumph Artist’s impression of Brigade Deccan Heights 36
Slide 56: Thank you
Email:investors@brigadegroup.com Brigade Enterprises Limited 29th & 30th Floor, World Trade Center Brigade Gateway Campus, Dr Rajkumar Road, Malleswaram-Rajajinagar, Bengaluru 560055 Thank you Disclaimer: The information in this presentation contains certain forward-looking statements. These include
Slide 57: Press Release
PRESS RELEASE BRIGADE Revenue GROWS 52% in FY22 HIGHEST EVER SALES OF 4.72 MN SFT WITH TOTAL VALUE OF 3,023 CR Company Records Highest Ever Collections of 4,083 Cr increase by 51% in FY22 Bengaluru May 12, 2022: Brigade Group registered its best ever residential performance in FY22, growing 9% in sa
Slide 58: FY22 Financial Highlights
FY22 Financial Highlights EBITDA stood at Rs. 833 Cr in FY22 as against Rs. 532 Cr in FY21, an increase of 56%. PAT (after Ml) during the year stood at Rs. 83 Cr in FY22 as compared to Loss of Rs. 46 Cr in FY21. About Brigade Enterprises Established in 1986, Brigade Enterprises Ltd. is one of India’