Mindspace Business Parks Reit · NSE:MINDSPACE.RR
Mindspace Business Parks Reit — Investor Presentation (February 2024)
15 slides from Mindspace Business Parks Reit's investor presentation, February 2024
Slide 1: Investor Presentation
Investor Presentation February 2024 mindspacereit.com 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: Mindspace Business Parks REIT Portfolio Overview
Mindspace Business Parks REIT Portfolio Overview One of the largest Grade-A office portfolios in India 33.1 msf 86.1% INR 192 bn 21.0 % Committed Occupancy Total Leasable Area (1) Market capitalization(2) Loan to Value(4) on 26.2 msf Presence in 4 out of top 6 Indian office markets o Sponsored by K
Slide 4: Mindspace REIT – At a Glance (9M FY24)
Mindspace REIT – At a Glance (9M FY24) 1 Operating Performance 0.3 msf 12.0 % 86.1 % 75 1.6 msf 1.3 msf INR psf/month Committed Average Rent for Area New and Vacant Area Re-leasing Spread (1) Gross Leasing Re-leased Area Occupancy Leased Leased on 1.5 msf 2 Financial Performance INR 8,533 Mn 5.9 % 1
Slide 5: Five Integrated Business Parks
Five Integrated Business Parks Mindspace Madhapur Mindspace Airoli East Hyderabad | 13.1 msf (1) Mumbai Region | 6.4 msf Completed Area: 9.6 msf; Committed Occupancy: 94.8% Completed Area: 4.7 msf; Committed Occupancy: 80.4% Mindspace Airoli West Gera Commerzone Kharadi Commerzone Yerwada Mumbai Reg
Slide 6: Five Quality Independent Office Assets
Five Quality Independent Office Assets Commerzone Porur Paradigm, Mindspace Malad Chennai | 1.1 msf Mumbai Region | 0.8 msf Completed Area: 1.1 msf; Committed Occupancy: 80.1% Completed Area: 0.8 msf; Committed Occupancy: 98.0% The Square, Nagar Road Mindspace Pocharam The Square, BKC Pune | 0.8 msf
Slide 7: Diversified Portfolio of Marquee Tenants
Diversified Portfolio of Marquee Tenants Top 10 tenants contributing 29.7% (Dec 23) vs. 29.7% (Sep 23) Diversified tenant mix across sectors Top 10 tenants Gross Contracted Rentals contribution (29.7%) (1) (1) % split by Gross Contracted Rentals % of total Gross Contracted Rentals # of parks Accentu
Slide 8: Robust Development Pipeline in Each of Our Micro-markets
Robust Development Pipeline in Each of Our Micro-markets Historical development and expansion potential of our Portfolio 6.7 msf area added 6.9 msf in development pipeline Development pipeline (msf) 3.3 4.4 1.9 2.5 0.9 0.6 1 FY20 FY21 FY22 FY23 Area under-construction Future development Select Under
Slide 9: Re-energizing Parks with Building and Infra Upgrades
Re-energizing Parks with Building and Infra Upgrades Case Study - Mindspace Airoli East, Mumbai Region Revamping the Re-energised Renovation of Pedestrian Lightings & Refurbished building’s lobbies Entrance connection Signages Hardscape & exterior façade Gate under the Landscape podium Before After
Slide 10: Attracting Millennial Workforce of India
Attracting Millennial Workforce of India Amenities and high safety standards within our parks make us the partner of choice for occupiers Landscaped podiums Amphitheatre & lobby areas Club house and play area Biophilic landscaped gardens mindspacereit.com 10
Slide 11: ROFO Assets to Add Further Scale And Growth
ROFO Assets to Add Further Scale And Growth Strong pipeline spread across Mumbai Region, Chennai and Hyderabad Current Current Hyderabad | 1.8 msf 3 currently Commerzone Raidurg identified assets Status: • Completed • 1.8 msf leased • Rent Commenced for Phase I and II 8.6 msf Perspective Current Che
Slide 12: Key Financial Metrics
Key Financial Metrics Delivered consistent growth on key financial metrics Revenue (INR mn) (1) NOI (INR mn) (1,3) 4,818 5,963 120 (2) 120 (2) (87)(2) 5,604 4,545 5,879 4,792 4,731 5,360 186 (2) 4,364 4,974 186 (2) 4,172 4,916 3,997 4,014 4,703 5,254 3,737 4,365 4,419 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23
Slide 13: Unitholding Pattern as on 31 December 2023
Unitholding Pattern as on 31 December 2023 Unitholding Summary INR 19,172 Cr 36.5% Market Cap(1) % Free- float 593 Mn units Unitholding Pattern (Market Cap : INR 192 Bn) (1) MF NIIs AIF 0.6% 10.9% 0.5% Insurance 1.5% NPS Sponsors & Sponsor Public 0.2% Group (Others) DIIs 3.3% Total 63.5% 36.5% Unith
Slide 14: Beyond Business Operations, Towards Long-term Value
Beyond Business Operations, Towards Long-term Value Commitment to Ecological balance, health & safety Mindspace REIT is First Real Estate entity Committed to 100% certified as Great to join the initiative Renewable Power Place to work • Received WELL Health & • Development Development and – 94/100 S
Slide 15: Thank You
Thank You Investor Relations Enquiries: Nitin Garewal (Finance & Investor Relations) Email id: ir@mindspacereit.com mindspacereit.com 15
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