Slide 1: Investor Presentation
Investor Presentation PASSION AT WORK Artistic Impression of SOBHA Meadows Whispering Hill, Trivandrum 1 September 2022
Slide 2: SOBHA: Leading through excellence, scale and innovation
SOBHA: Leading through excellence, scale and innovation Established on a solid footing Consistent delivery at scale ‣ Bangalore headquartered Real Estate & Construction firm with 27 years of ‣ 121.86 mn sft completed in 507 projects till date across 27 cities in 14 delivering international quality r
Slide 3: Contents
Contents Robust Cashflows Steady Sales Performance Financials & Operations Project Updates PASSION AT WORK 3
Slide 4: Quarterly Cashflow Highlights – Q2 FY 2023
Quarterly Cashflow Highlights – Q2 FY 2023 Rs Billion Total Operational Cash inflow Total Real Estate Cash inflow ‣ Highest ever collections in Q2-FY 2023 at Rs. 13.35 bn, higher by 19% 13.35 10.82 compared to Q1-FY23 and 46% compared to Q2-FY22 46% 49% 9.14 7.25 • Real Estate collection is Rs. 10.8
Slide 5: Half Yearly Cashflow Highlights - H1 FY 2023
Half Yearly Cashflow Highlights - H1 FY 2023 Rs Billion Total Operational Cash inflow Total Real Estate Cash inflow ‣ Operational Cash inflows improved to Rs. 24.53 bn, higher by 50% 24.53 19.70 compared to H1-FY22. The increase is aided by 50% 55% 16.32 ‣ 55% higher collection from Real Estate of R
Slide 6: Cashflow Statement - Q2 FY 2023
Cashflow Statement - Q2 FY 2023 Rs Million Particulars Q2-23 Q1-23 H1-23 H1-22 Q2-22 FY-22 Operational cash inflows Real Estate Operations 10,817 8,883 19,700 12,722 7,245 31,728 Contractual & Manufacturing 2,534 2,293 4,827 3,600 1,898 8,094 Total Operational cash inflow (A) 13,350 11,176 24,526 16
Slide 7: Cashflow Statement - Q2 FY 2023…continued
Cashflow Statement - Q2 FY 2023…continued Rs Million Particulars Q2-23 Q1-23 H1-23 H1-22 Q2-22 FY-22 Financial Outflows Finance Cost 534 529 1,063 1,503 772 2,850 Income Tax 422 293 715 215 118 491 Total Financial Outflows (D) 956 822 1,778 1,718 890 3,340 Net Cashflow after Financial Outflow : (E =
Slide 8: Net Debt reduced by Rs. 11.61 bn in last eight quarters, from internal accruals
Net Debt reduced by Rs. 11.61 bn in last eight quarters, from internal accruals 36 1.32 1.31 1.40 1.25 1.23 1.19 1.11 1.20 32 30.50 29.75 28.52 0.97 28.17 27.78 1.00 28 0.87 26.54 0.77 0.80 23.37 24 21.10 0.60 20 18.89 0.40 16 0.20 12 0.00 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Net De
Slide 9: Borrowing Cost continues to remain low
Borrowing Cost continues to remain low 9.32% Rate of Interest % 9.17% 9.04% Marginal increase in cost of debt, despite 8.98% 8.85% 190 basis points raise in repo rates in 2022 8.65% 8.57% 8.45% 8.40% Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Rs Million Quarterly Finance Outflows Q2-21 Q3
Slide 10: Residential Real Estate Portfolio: Projected Cashflow - Q2 FY 2023
Residential Real Estate Portfolio: Projected Cashflow - Q2 FY 2023 Completed - with Ongoing - Area Ongoing - Area Particulars Total Unit unsold inventory offered for sale not offered for sale Total Saleable area 16.03 19.83 8.28 44.14 Mn sft Sobha’s share of Saleable area 14.67 19.11 7.98 41.77 Mn s
Slide 11: Contents
Contents Robust Cashflows Steady Sales Performance Financials and Operations Project Updates PASSION AT WORK 11
Slide 12: Highest ever Sales value and Price Realization achieved in Q2 FY 2023
Highest ever Sales value and Price Realization achieved in Q2 FY 2023 Quarter & Half Year Sales Highlights Total Sales Volume (Mn sft) 2.70 ‣ Achieved total sales volume of 1.34 mn sft, with highest ever price 20% 2.24 realization of Rs. 8,709/sft and highest ever sales value of Rs. 1,164 crore in Q
Slide 13: Real Estate Sales Performance - Q2 FY 2023
Real Estate Sales Performance - Q2 FY 2023 13% growth in sales value compared to Q2-FY22 Total Sobha Share of Average Price Total Sales Value (Rs. Bn) Area Sold Region Sales Value Sales Value Realization (Sft) (Rs. Mn) (Rs. Mn) (Rs. / Sft) 11.64 10.30 13% Bangalore 1,037,368 9,084 7,512 8,757 Kerala
Slide 14: Real Estate Sales Performance - H1 FY 2023
Real Estate Sales Performance - H1 FY 2023 35% growth in sales value; 20% growth in sales volume compared to H1-FY22 Total Sobha Share of Total Average Price Total Sales Value (Rs. Bn) Area Sold Region Sales Value Sales Value Realization 23.10 (Sft) (Rs. Mn) (Rs. Mn) (Rs. / Sft) 35% 17.13 Bangalore
Slide 15: Consistent Sales Performance over the quarters
Consistent Sales Performance over the quarters Quarterly Sales Volume (mn sft) 1.34 1.35 1.32 1.34 1.36 1.34 1.13 0.89 0.90 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 Quarterly Sales Value (Rs. Mn) 11,455 11,642 10,720 11,096 10,302 10,475 8,876 6,899 6,829 Q2-21 Q3-21 Q4-21 Q1-22 Q2-22 Q
Slide 16: Sales Value classification (Q2 & H1 FY 2023) - Price Band & Region Wise
Sales Value classification (Q2 & H1 FY 2023) - Price Band & Region Wise Price bucket wise contribution to sales value Q2 – FY23 H1 – FY23 • Mid-Luxury segment (Rs 1 Cr. – Rs. 2 Cr.) Rs 2 - 3 Cr., < Rs 1 Cr., Rs 2 - 3 Cr. <Rs 1 Cr. 15% 26% 16% 28% contributes ~50% to overall sales - continued to witn
Slide 17: Buyer Profile (12 months rolling)
Buyer Profile (12 months rolling) Business/Entrepreneur, Others, 16% Profession wise Age wise 8% >51 Years 21-30 Years 17% 14% 41-50 Years 26% Medical/Pharma, 3% 31-40 Years 43% IT/ITES Professional, Non IT Professional, 19% 53% Indian – NRI split Contribution from share of IT/ITES increased on acco
Slide 18: Inventory Visibility – Ongoing and Forthcoming Real Estate Projects
Inventory Visibility – Ongoing and Forthcoming Real Estate Projects Forthcoming Projects Total Residential Inventory – Ongoing and Forthcoming Total Saleable Area Inventory Type Mn sft Location No of Projects (Mn sft) Unsold Area - Completed projects 0.19 Residential Bangalore 6 5.80 Unsold Area - O
Slide 19: Contents
Contents Robust Cashflows Consistent Sales Performance Financials & Operations Project Updates PASSION AT WORK 19
Slide 20: Financial & Operational Highlights - Q2 FY 2023
Financial & Operational Highlights - Q2 FY 2023 Total Income (Rs. Bn) Real Estate Income (Rs. Bn) ‣ The total revenue for Q2-FY23 is at Rs. 6.77 bn, including real estate revenue of Rs. 4.44 bn 7.68 6.77 6.21 ‣ Completed projects of total 0.8 mn sft saleable area in Q2-FY23 – 4.44 ‣ Partial completi
Slide 21: Financial & Operational Highlights - H1 FY 2023
Financial & Operational Highlights - H1 FY 2023 Total Income (Rs. Bn) Real Estate Income (Rs. Bn) ‣ The total revenue for H1-FY23 is at Rs. 12.47 bn; including real estate 9.86 revenue of Rs. 9.00 bn 12.83 12.47 9.00 ‣ Contractual & Manufacturing revenue was Rs. 3.32 bn, up by 8.7% over H1-FY22. Col
Slide 22: Profit & Loss Statement - Q2 FY 2023
Profit & Loss Statement - Q2 FY 2023 Rs Million Particulars Q2-23 Q1-23 H1-23 H1-22 Q2-22 FY-22 Real Estate Revenue 4,441 4,561 9,002 9,862 6,214 19,106 Contractual & Manufacturing Revenue 2,232 1,086 3,317 3,052 1,585 7,095 Other Income 102 50 152 (84) (122) 617 Total Income 6,775 5,696 12,471 12,8
Slide 23: Consolidated Balance Sheet as on 30-Sept-2022
Consolidated Balance Sheet as on 30-Sept-2022 Rs Million ASSETS 30-Sep-22 30-Sep-21 EQUITY & LIABILITIES 30-Sep-22 30-Sep-21 Non-current assets Equity Property, Plant and equipment 4,135 4,356 Equity Share Capital 948 948 Investment Property 3,875 3,732 Other Equity 23,456 22,361 Investment Property
Slide 24: Contracts Portfolio & Operational Overview - H1 FY 2023
Contracts Portfolio & Operational Overview - H1 FY 2023 Revenue & Collection Rs Billion Particulars H1 - FY23 H1 - FY22 ‣ Delivered 57.23 Mn sft of developable area since inception across 26 cities Revenue Contracts 1.64 1.88 ‣ Added a new project under Non-Infosys contracts division in Q2-FY23 - Ma
Slide 25: Contracts - Completed Projects - Region wise contribution details
Contracts - Completed Projects - Region wise contribution details Total Developed Area (Mn Sft) Order Value (Rs. Mn) 26.54 29,194 11,117 7.31 6.68 6.29 7,764 4.92 5,358 5,607 1.65 1.55 1,325 11 755 1,589 - 788 328 200 120 0.08 0.76 0.70 0.14 0.45 0.19 Total Developed Area Contribution Order Value Co
Slide 26: Manufacturing Division – Performance - H1 FY 2023
Manufacturing Division – Performance - H1 FY 2023 ‣ SOBHA – Only Real Estate Company in India with complete vertical integration across the value chain ‣ It supports company to take up turn-key projects and deliver world class quality in timely & efficient manner Glazing & Metal Works Division Inter
Slide 27: Commercial portfolio: Completed & Forthcoming projects
Commercial portfolio: Completed & Forthcoming projects Total Sobha Share Sobha City Mall, Thrissur Project Name Status Leasable Area (sft) Leasable area (sft) Sobha City Mall, Thrissur Operational 323,064 283,101 One Sobha, Bangalore Operational 225,081 151,140 Sub Total 548,145 434,241 Sobha City,
Slide 28: Contents
Contents Robust Cashflows Steady Sales Performance Financials & Operations Project Updates PASSION AT WORK 28
Slide 29: Real Estate - Projects portfolio – Completed, Ongoing & Forthcoming
Real Estate - Projects portfolio – Completed, Ongoing & Forthcoming Total Developable / Leasable area (Mn sft) CITY Completed Ongoing Forthcoming ‣ Completed Real Estate projects located across 9 cities, with total development of 64.63 mn sft Bangalore 50.04 20.16 6.09 and Super Built-up Area of 48.
Slide 30: Completed residential projects during Q2 FY 2023
Completed residential projects during Q2 FY 2023 SOBHA Forest Edge – Wing 2 SOBHA HRC Pristine Phase III – Wing 5 Shot at project sites PASSION AT WORK 30
Slide 31: Completed residential projects during Q2 FY 2023…continued
Completed residential projects during Q2 FY 2023…continued SOBHA Meadows (Mysore) SOBHA Dream Acres Tropical Greens – Wing 35&36 SOBHA Gardenia (Chennai) Shot at project sites PASSION AT WORK 31
Slide 32: New Project Launches during Q2 FY 2023
New Project Launches during Q2 FY 2023 SOBHA Insignia, SOBHA Meadows – Whispering Hill, SOBHA Brooklyn Towers - Town Park, Bangalore Trivandrum Bangalore Artistic Impressions of projects. Not shot at site. PASSION AT WORK 32
Slide 33: Ongoing Residential Projects
Ongoing Residential Projects SOBHA Sentosa, Bangalore SOBHA Royal Pavilion, Bangalore SOBHA Nesara, Pune SOBHA Avalon, Ahmedabad SOBHA City, Gurgaon Shot at project sites PASSION AT WORK 33
Slide 34: SOBHA Dream Acres in Bangalore has sustained its rapid pace of development
SOBHA Dream Acres in Bangalore has sustained its rapid pace of development Mn sft SBA launched for sale as on Sept 2022 6.03 Developable area launched till Sept 2022 7.50 SBA released in Q2-FY23 0.18 Developable area completed till Sept 2022 5.87 SBA sold till Sept 2022 5.93 Dream Acres-Tropical Gre
Slide 35: Board of Directors
Board of Directors Ravi PNC Menon Jagadish Nangineni R.V.S. Rao Chairman Managing Director Independent Director ‣ Over 16 years of experience in the ‣ Over 20 years of experience in ‣ Over 48 years of experience in real estate and construction diversified industries such as real banking and finance
Slide 36: Thank you
Thank you SOBHA Corporate Office ‘SOBHA’, Sarjapur-Marathahalli Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post, Bangalore-560103 Phone: +91-80- 49320000 www.sobha.com Investor’s Contact Mr. Soumyadeep Saha Investor Relations Tel: +91-80-49320000 Ext. 5024 Email: soumyadeep.s@sobha.com Disc