Phoenix Mills Ltd. · NSE:PHOENIXLTD
Phoenix Mills — The Phoenix Mills — Q1 FY23 Earnings Presentation
70 slides from Phoenix Mills's earnings presentation, Aug 11, 2022
Slide 1: Investors' Presentation cover letter to stock exchanges
� ...Iii THE PHOENIX ...,- MILLS LIMITED 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 August 11, 2022 BSE Limited National Stock Exchange of India L
Slide 2: Results Presentation – Q1 FY23
The Phoenix Mills Ltd. Results Presentation – Q1 FY23
Slide 3: Business Update, Business Performance, Financial Results, Annexure
Business Update Business Performance Financial Results Annexure Phoenix Palladium, Mumbai 2
Slide 4: Q1 FY23 Consumption at 123% of Q1 FY20
Q1 FY23 Consumption at 123% of Q1 FY20 (pre-Covid quarter) Q1 FY23 Consumption (Rs. mn) As % of 119% 127% 112% 98% 108% NA 69% 84% Q1 FY20 5,012 4,271 3,738 3,207 2,537 2,134 559 447 Phoenix PMC Bangalore PMC Pune PMC Mumbai PMC & Palladium Phoenix Palassio PU Lucknow PU Bareilly Palladium Chennai •
Slide 5: Retail Consumption in July 2022 at 133% of July 2019
Retail Consumption in July 2022 at 133% of July 2019 July 2022 Consumption (Rs. mn) As % of 126% 149% 119% 104% 112% NA 72% 97% July 2019 1,800 1,600 1,370 1,170 890 760 180 150 Phoenix PMC Bangalore PMC Pune PMC Mumbai PMC & Palladium Phoenix Palassio PU Lucknow PU Bareilly Palladium Chennai • Tota
Slide 6: Resumption of marquee events with easing of COVID-19 restrictions
Resumption of marquee events with easing of COVID-19 restrictions Photo shot at location Lucky Ali Live-in concert at Phoenix MarketCity, Kurla 5
Slide 7: Resumption of marquee events with easing of COVID-19 restrictions
Resumption of marquee events with easing of COVID-19 restrictions Photo shot at location Jawed Ali Live-in concert at Phoenix MarketCity, Bangalore 6
Slide 8: Monthly Consumption Trend
Monthly Consumption Trend Jan-19 to Jul-19 vs. Jan-22 to Jul-22 (Rs. mn) As % of Jan-19 to 80% 115% 118% 130% 132% 109% 133% Jul-19 7,816 7,920 7,216 6,872 6,385 5,340 4,969 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 • Year-to-date Gross consumption (i.e. April to July 2022) is Rs. 29,824 mn,
Slide 9: Phoenix Palladium, Mumbai: expansion underway
Phoenix Palladium, Mumbai: expansion underway from 0.77 msf to >1.43 msf by 2025 0.20 Retail at Rise 1 ✓ 0.25 0.15 New retail block GLA (msf) opposite PVR Palladium LG, 1.43 1st, 2nd Floor + East Zone 0.77 Mar-22 Jun-22 2024 2025 2025 8
Slide 10: Phoenix Palladium, Mumbai: Activation of additional area on Lower Ground
Phoenix Palladium, Mumbai: Activation of additional area on Palladium Lower Ground 9
Slide 11: Phoenix Palladium, Mumbai: Activation of additional area on 1st & 2nd Floor
Phoenix Palladium, Mumbai: Activation of additional area on Palladium 1st & 2nd Floor 10
Slide 12: Phoenix Palladium, Mumbai: East Zone Expansion
Phoenix Palladium, Mumbai: East Zone Expansion 11
Slide 13: Update on under-construction retail malls
Update on under-construction retail malls Phoenix Phoenix Citadel, Palladium, Phoenix Mall of Asia, Indore Ahmedabad Millennium, Pune Bangalore Retail GLA – ~1.1 msf Retail GLA – ~1.2 msf Proposed GLA Retail GLA – ~1 msf Retail GLA – ~0.77 msf Office GLA – ~1.2 msf Office GLA – ~1.2 msf Amount Spent
Slide 14: Phoenix Citadel Indore
Phoenix Citadel Indore The biggest Retail Destination of Madhya Pradesh Indicative Render 13
Slide 15: Phoenix Citadel Indore
Phoenix Citadel Indore Indicative Render 14
Slide 16: Palladium Ahmedabad
Palladium Ahmedabad The Luxury mall of Gujarat Indicative Render 15
Slide 17: Palladium Ahmedabad
Palladium Ahmedabad Indicative Render 16
Slide 18: Mall of Asia, Bangalore
Mall of Asia, Bangalore The Largest Retail led Mixed-use development in Bangalore Indicative Render 17
Slide 19: Mall of Asia, Bangalore
Mall of Asia, Bangalore Indicative Render 18
Slide 20: Phoenix Millennium Pune
Phoenix Millennium Pune The New Epicentre for West Pune Indicative Render 19
Slide 21: Phoenix Millennium Pune
Phoenix Millennium Pune Indicative Render 20
Slide 22: Update on other Under Development Projects
Update on other Under Development Projects ✓ Demolition work for on-site structures has commenced ✓ Consent to Establish received in July 2022 Kolkata ✓ Environmental clearance received in June 2022 ✓ Building plans approved in April 2022 ✓ Construction work commenced in June 2022; shore piling work
Slide 23: Business Performance - Retail
Business Update Business Performance - Retail Financial Results Annexure Phoenix Marketcity, Mumbai22
Slide 24: Q1 FY23 Rental Income at 124% of Q1 FY20
Q1 FY23 Rental Income at 124% of Q1 FY20 (pre-Covid quarter) Q1 FY23 Q1 FY22 Name of Asset Retail Income Retail Income % of Q1 FY20 (pre-COVID period) (Rs. mn) (Rs. mn) Phoenix Palladium 945 107% 293 Phoenix Marketcity Bangalore 460 128% 112 Phoenix Marketcity Pune 523 121% 109 Phoenix Marketcity Mu
Slide 25: Q1 FY23 Retail EBITDA at 127% of Q1 FY20
Q1 FY23 Retail EBITDA at 127% of Q1 FY20 (pre-Covid quarter) Q1 FY23 Q1 FY22 Name of Asset EBITDA EBITDA % of Q1 FY20 (pre-COVID period) (Rs. mn) (Rs. mn) Phoenix Palladium 933 120% 349 Phoenix Marketcity Bangalore 468 121% 121 Phoenix Marketcity Pune 512 116% 98 Phoenix Marketcity Mumbai 358 111% 8
Slide 26: Incremental Revenue Share contributed 13% to Total Rental Income
In Q1 FY23, Incremental Revenue Share contributed 13% to Total Rental Income vs. 10% in Q1 FY20 % contribution to Total Rental Rental Rates (psf) Area for renewal in FY23 Malls Income (%) Q1FY23 Q1FY20 % change Q1FY23 Q1FY20 MG - 91% MG - 92% Phoenix Palladium Mumbai 444 406 9% 22% RS- 9% RS - 8% MG
Slide 27: Business Performance - Commercial
Business Update Business Performance - Commercial Financial Results Annexure 26 Fountainhead Towers, Pune
Slide 28: Office Portfolio seeing improving leasing traction
Office Portfolio seeing improving leasing traction Project Net Leasable Area Location Total Area (msf) Area Sold (msf) Area Leased (msf) Average Rate psf.* Name (msf) Operational Office Portfolio (1.99 MSF) Art Guild House Mumbai 0.80 0.17 0.63 0.51 87 Phoenix Paragon Plaza Mumbai 0.43 0.12 0.31 0.1
Slide 29: Q1FY23 Office Income up 10% yoy
Q1FY23 Office Income up 10% yoy Total Income (Rs mn) EBITDA (Rs Mn) EBITDA as % of Total Income Operational Portfolio Q1FY23 Q1FY22 FY22 Q1FY23 Q1FY22 FY22 Q1FY23 Q1FY22 FY22 Art Guild House 187 185 807 126 138 575 67% 74% 71% Phoenix Paragon Plaza 71 71 286 37 54 185 51% 76% 65% Fountainhead – Towe
Slide 30: Business Performance - Hospitality
Business Update Business Performance - Hospitality Financial Results Annexure Phoenix Marketcity, Mumbai 29
Slide 31: The St. Regis, Mumbai
The St. Regis, Mumbai % (Rs mn) Q1 FY23 Q1FY20 Q1 FY22 FY22 growth Revenue from 362 318 14% 66 646 Rooms Revenue from F&B 396 316 25% 45 687 and Banqueting Other Operating 73 64 13% 18 132 Income Total Income 830 698 19% 130 1,465 Operating EBITDA 318 253 26% -11 322 EBITDA margin (%) 38% 36% NA NA
Slide 32: The St. Regis, Mumbai – Significant Improvement in Room Occupancy
The St. Regis, Mumbai – Significant Improvement in Room Occupancy Room Occupancy (%) 90% 91% 87% 79% 79% 81% 77% 77% 76% 74% 51% 46% 46% 42% 34% Occupancy impacted due to 14% Omicron wave Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22
Slide 33: Courtyard by Marriott, Agra
Courtyard by Marriott, Agra % (Rs. mn) Q1 FY23 Q1FY20 Q1 FY22 FY22 growth Revenue from 40 37 7% 8 124 Rooms Revenue from F&B 39 35 11% 12 134 and Banqueting Other Operating 3 4 -25% 0 6 Income Total Income 81 76 7% 21 264 Occupancy (%) 62% 64% NA 17% 48% ARR (Rs.) 3,733 3,353 11% 3,428 3,686 32
Slide 34: Courtyard by Marriott, Agra – Significant Improvement in Room Occupancy
Courtyard by Marriott, Agra – Significant Improvement in Room Occupancy Room Occupancy (%) 75% 70% 72% 64% 66% 62% 63% 60% 60% 60% 58% 47% 35% 26% 23% Occupancy impacted due to Omicron 1% wave Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Ju
Slide 35: Business Performance - Residential
Business Update Business Performance - Residential Financial Results Annexure Phoenix Marketcity, Bangalore 34
Slide 36: Residential Portfolio – Steady traction in demand for ready units
Residential Portfolio – Steady traction in demand for ready units ➢ Sales trajectory has seen good improvement backed by strong demand and faster conversions. ➢ Sales of Rs. 704 mn in Q1 FY23 ➔ strongest Q1 in last 5 years [Q1 FY20: sales of Rs. 66 mn] ➢ Further, closed sales of Rs. 300 mn in July a
Slide 37: Financial Results
Business Update Business Performance Financial Results Annexure Phoenix Marketcity, Bangalore 36
Slide 38: Q1 FY23 Standalone P&L
Q1 FY23 Standalone P&L % growth (Rs. mn) Q1 FY23 Q1 FY22 YoY% Q1FY20 over FY22 Q1FY20 Income from operations 1,122 393 186% 1,133 -1% 2,836 EBITDA 736 161 358% 700 5% 1,642 EBITDA Margin (%) 66% 41% NA 62% NA 58% Profit before tax and exceptional 921 290 217% 458 101% 1,627 item Exceptional items -
Slide 39: Q1FY23 Consolidated PAT at Rs. 7,187 mn
Q1FY23 Consolidated PAT at Rs. 7,187 mn % growth (Rs. mn) Q1 FY23 Q1 FY22 YoY% Q1FY20 over FY22 Q1FY20 Income from operations 5,744 2,043 181% 6,150 -7% 14,835 Retail 4,086 1,153 255% 3,046 34% 9,633 Residential 296 376 -21% 2,071 -86% 1,888 Commercial 403 362 11% 250 61% 1,580 Hospitality & Others
Slide 40: Consolidated EBITDA 21% growth on like-to-like basis
Q1 FY23 Consolidated EBITDA demonstrates 21% growth compared to Q1 FY20 on a like-to-like basis (Rs mn.) Q1FY20 Q1FY23 % growth Consolidated EBITDA 2,927 3,229 10% Less: EBITDA contributions from - Classic Mall (PMC Chennai) - 258 Destiny Hospitality (Palassio - 287 Lucknow) Palladium Constructions
Slide 41: Debt Profile as on 30th June 2022
Debt Profile as on 30th June 2022 ➢ Average cost of debt in June 2022 stands at Effective cost of debt (%) 7.45% ➢ Lowest rate on borrowing stands at 6.95% 9.19% ➢ 92% of debt is on the operational portfolio 8.17% Status Asset Class Amount (Rs. mn) 7.90% 7.84% 7.61% 7.30% 7.45% Retail 28,930 Hospita
Slide 42: Steady decline in debt on operating portfolio
Steady decline in debt on operating portfolio Debt on Operational Portfolio (Rs mn) 43,945 44,574 43,856 42,883 41,701 42,018 41,656 41,774 40,189 38,583 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Debt on Under Construction Portfolio (Rs mn) 5,788 5,542 Phoenix Palassio 3,
Slide 43: June 2022 Debt and Cash Position
June 2022 Debt and Cash Position Group Level PML Share Amount Rs. mn Liquidity (Bank balance + 21,772^ 15,740 Investments + DSRA)* Gross Debt 41,865 32,639 Net Debt 20,094 16,899 Q1FY23 EBITDA 3,475^ 2,896 ^ Includes Starboard which does not form part of PML Consolidated * Does not include Rs. 8,070
Slide 44: PML Consolidated Cashflow
PML Consolidated Cashflow (Rs. Mn) As at 30-Jun-22 As at 31-Mar-22 CASH FLOW FROM OPERATING ACTIVITIES Profit before Other Income, Finance Cost and Depreciation (EBIDTA) and after exceptional items 8,797 7,339 Adjustments for : Provision for Doubtful Debts and Advances / Bad Debts written off 65 247
Slide 45: PML Consolidated Cashflow
PML Consolidated Cashflow (Rs. Mn) As at 30-Jun-22 As at 31-Mar-22 CASH FLOW FROM INVESTING ACTIVITIES Property, Plant, Equipment & Investment Property (Net) -3,063 -12,271 Investment Property incl under Construction & CWIP (Net) - -0 Purchase/Sale of Mutual Funds/Bonds/NCD (Net) 10,065 -16,779 Inve
Slide 46: PML Consolidated Cashflow
PML Consolidated Cashflow (Rs. Mn) As at 30-Jun-22 As at 31-Mar-22 CASH FLOW FROM FINANCING ACTIVITIES Net Proceeds from issue of Equity shares at Share Premium (Net of Issue Expenses) 9 96 Movement in long term borrowings(Net) -528 413 Short term loans availed / (repaid )(Net) -1,102 -1,218 Interes
Slide 47: Strong operating free cash flow generation in Q1FY23
Strong operating free cash flow generation in Q1FY23 (Rs. Mn) As at 30-Jun-22 As at 31-Mar-22 Net Cash from Operating Activities 3,417 7,806 Less: Interest Paid -875 -2795 Operating free cash flow 2,543 5,011 46
Slide 48: Shareholding Pattern as on 30th June 2022
Shareholding Pattern as on 30th June 2022 Shareholding Pattern Sr. No Top Institutional Investors % Shareholding 30-06-2022 1 SCHRODER 7.56% 2 GIC 4.34% 3 ICICI PRUDENTIAL AMC 2.84% 16.5% 4.6% 4 DSP MF 2.02% 5 UTI 1.96% 47.3% 6 MOTILAL OSWAL 1.91% 7 VANGUARD 1.82% 31.6% 8 BALLIE GIFFORD 1.81% 9 POLA
Slide 49: Annexure
Business Update Business Performance Financial Results Annexure Palladium Chennai 48
Slide 50: Phoenix Palladium, Mumbai
Phoenix Palladium, Mumbai (Rs. mn) Q1 FY23 Q1 FY22 YoY % FY22 Rental 945 293 222% 2,219 CAM & Others 169 100 69% 457 Total Income 1,113 393 183% 2,676 Asset EBITDA 933 349 168% 2,268 Asset EBIDTA Margin as % of 99% 119% NA 102% Rental PML Standalone 736 161 358% 1,642 EBITDA Note: The Rental income
Slide 51: Phoenix Palladium, Mumbai
Phoenix Palladium, Mumbai (Rs. mn) Q1 FY23 Q1 FY20 % growth Rental 945 881 7% CAM & Others 169 252 -33% Total Income 1,113 1,133 -2% Asset EBITDA 933 780 20% Asset EBIDTA Margin as % of 99% 89% NA Rental PML Standalone EBITDA 736 700 5% Mall GLA (msf) 0.87 0.74 18% Mall Rental Rate (Rs. pspm) 444 40
Slide 52: Phoenix Marketcity Bangalore
Phoenix Marketcity Bangalore (Rs. mn) Q1 FY23 Q1 FY22 YoY % FY22 Rental 460 112 310% 1,221 CAM & Others 159 75 112% 469 Total Income 618 187 231% 1,690 Asset EBITDA 468 121 287% 1,216 Asset EBIDTA Margin as % of 102% 108% NA 100% Rental Note: Reported EBITDA is before fees paid to MarketCity Resourc
Slide 53: Phoenix Marketcity Bangalore
Phoenix Marketcity Bangalore (Rs. mn) Q1 FY23 Q1 FY20 % growth Rental 460 359 28% CAM & Others 159 184 -14% Total Income 618 543 14% Asset EBITDA 468 385 21% Asset EBIDTA Margin as % of Rental 102% 107% NA Mall Rental Rate (Rs. pspm) 162 124 31% Mall Consumption (Rs. mn) 4,271 3,364 27% Mall Trading
Slide 54: Phoenix Marketcity Pune
Phoenix Marketcity Pune (Rs. mn) Q1 FY23 Q1 FY22 YoY % FY22 Rental 523 109 382% 1,171 CAM & Others 192 73 162% 502 Total Income 715 182 293% 1,673 Asset EBITDA 512 98 422% 1,051 Asset EBIDTA Margin as % of 98% 90% NA 90% Rental Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. L
Slide 55: Phoenix Marketcity Pune
Phoenix Marketcity Pune (Rs. mn) Q1 FY23 Q1 FY20 % growth Rental 523 432 21% CAM & Others 192 206 -7% Total Income 715 638 12% Asset EBITDA 512 440 16% Asset EBIDTA Margin as % of Rental 98% 102% NA Mall Rental Rate (Rs. pspm) 153 125 23% Mall Consumption (Rs. mn) 3,738 3,331 12% Mall Trading Densit
Slide 56: Phoenix Marketcity Mumbai
Phoenix Marketcity Mumbai (Rs. mn) Q1 FY23 Q1 FY22 YoY % FY22 Rental 374 88 323% 808 CAM & Others 172 74 131% 441 Total Income 546 163 235% 1,249 Asset EBITDA 358 81 342% 783 Asset EBIDTA Margin as % of 96% 92% NA 97% Rental Note: Reported EBITDA is before fees paid to MarketCity Resources Pvt. Ltd.
Slide 57: Phoenix Marketcity Mumbai
Phoenix Marketcity Mumbai (Rs. mn) Q1 FY23 Q1 FY20 % growth Rental 374 323 16% CAM & Others 172 181 -5% Total Income 546 504 8% Asset EBITDA 358 323 11% Asset EBIDTA Margin as % of Rental 96% 100% NA Mall Rental Rate (Rs. pspm) 112 101 11% Mall Consumption (Rs. mn) 2,537 2,589 -2% Mall Trading Densi
Slide 58: Phoenix Marketcity & Palladium Chennai
Phoenix Marketcity & Palladium Chennai (Rs. mn) Q1 FY23 Q1 FY22 YoY % FY22 Rental 494 149 232% 1,306 CAM & Others 204 114 79% 604 Total Income 698 262 166% 1,910 Asset EBITDA 532 140 281% 1,305 Asset EBIDTA Margin as % of 108% 94% NA 100% Rental 57
Slide 59: Phoenix Marketcity & Palladium Chennai
Phoenix Marketcity & Palladium Chennai (Rs. mn) Q1 FY23 Q1 FY20 % growth Rental 494 467 6% CAM & Others 204 235 -13% Total Income 698 702 -1% Asset EBITDA 532 496 7% Asset EBIDTA Margin as % of 108% 106% NA Rental Mall Rental Rate (Rs. pspm) 148 137 8% Mall Consumption (Rs. mn) 3,207 2,960 8% Mall T
Slide 60: Phoenix Palassio, Lucknow
Phoenix Palassio, Lucknow (Rs. mn) Q1 FY23 Q1 FY22 YoY % FY22 Rental 279 72 288% 803 CAM & Others 130 58 124% 350 Total Income 410 130 215% 1,153 Asset EBITDA 306 81 278% 838 Asset EBIDTA Margin as % of 110% 113% NA 104% Rental 59
Slide 61: Phoenix Palassio, Lucknow
Phoenix Palassio, Lucknow (Rs. mn) Q1 FY23 Rental 279 CAM & Others 130 Total Income 410 Asset EBITDA 306 Asset EBIDTA Margin as % of 110% Rental Mall Rental Rate (Rs. pspm) 114 Mall Consumption (Rs. mn) 2,134 Mall Trading Density (Rs. pspm) 1,296 Mall Trading Occupancy (%) 90% Mall Leased Occupancy
Slide 62: Phoenix United, Lucknow
Phoenix United, Lucknow (Rs. mn) Q1 FY23 Q1 FY22 YoY % FY22 Rental 90 28 224% 246 CAM & Others 41 30 37% 124 Total Income 132 58 126% 370 Asset EBITDA 82 30 171% 220 Asset EBIDTA Margin as % of 91% 109% NA 89% Rental 61
Slide 63: Phoenix United, Lucknow
Phoenix United, Lucknow (Rs. mn) Q1 FY23 Q1 FY20 % growth Rental 90 77 17% CAM & Others 41 49 -15% Total Income 132 126 5% Asset EBITDA 82 72 14% Asset EBIDTA Margin as % of 91% 94% NA Rental Mall Rental Rate (Rs. pspm) 88 77 14% Mall Consumption (Rs. mn) 559 814 -31% Mall Trading Density (Rs. pspm)
Slide 64: Phoenix United, Bareilly
Phoenix United, Bareilly (Rs. mn) Q1 FY23 Q1 FY22 YoY % FY22 Rental 58 19 209% 193 CAM & Others 29 24 20% 99 Total Income 87 43 102% 292 Asset EBITDA 58 20 190% 177 Asset EBIDTA Margin as % of 100% 107% NA 92% Rental 63
Slide 65: Phoenix United, Bareilly
Phoenix United, Bareilly (Rs. mn) Q1 FY23 Q1 FY20 % growth Rental 58 57 2% CAM & Others 29 44 -33% Total Income 87 101 -14% Asset EBITDA 58 60 -3% Asset EBIDTA Margin as % of 100% 105% NA Rental Mall Rental Rate (Rs. pspm) 67 67 0% Mall Consumption (Rs. mn) 447 529 -15% Mall Trading Density (Rs. psp
Slide 66: Occupancy and Trading Density trend across major malls
Occupancy and Trading Density (TD) trend across major malls Trading Density Leased Occupancy Trading Occupancy (Rs. Per sq. ft. pm) Jun-19 Jun-19 Jun-22 Jun-22 Q1FY20 Q1FY23 (Pre-covid) (Pre-covid) Phoenix Palladium 99% 97% 93% 86%* 3,025 3,330 Phoenix Marketcity Bangalore 99% 95% 96% 91% 1,749 2,35
Slide 67: Renewal Schedule (% of total leasable area)
Renewal Schedule (% of total leasable area) 49% of leasable area for renewal over next 3 years 35% of leasable area for renewal over next 3 years 32% of leasable area for renewal over next 3 years 22% 14% 13% 11% Palladium PMC Mumbai PMC Pune 10% 10% Phoenix 16% 9% 11% FY23 FY24 FY25 FY23 FY24 FY25
Slide 68: Q1 FY23 Debt Across Subsidiaries
Q1 FY23 Debt Across Subsidiaries Asset Type SPV Asset Name PML Ownership Q4FY22 (Rs. Mn) Q1FY23 (Rs. Mn) PML Standalone Phoenix Palladium, Mumbai 100% 7,362 5,918 Classic Mall Development Phoenix MarketCity, Chennai 100% 6,352 5,344 Vamona Developers Phoenix MarketCity, Pune 67.1% 4,064 3,829 Island
Slide 69: The Phoenix Mills Limited – Follow us for updates
The Phoenix Mills Limited – Follow us for updates Asset Instagram handle Link Retail Phoenix Palladium, Mumbai phoenixpalladium https://www.instagram.com/phoenixpalladium/ PMC, Kurla marketcitykurla https://www.instagram.com/marketcitykurla/ Phoenix Palassio, Lucknow phoenixpalassio https://www.inst
Slide 70: Thank you
Thank you Advait Phatarfod Madhurima Kane Email: advait.p@phoenixmills.com Email: madhurima.kane@phoenixmills.com Website: https://www.thephoenixmills.com/investors 69