Slide 1: Investor Presentation June 2021
SOBHA MANHATTAN TOWERS ---TOWNPARK--- NEAR ELECTRONIC CITY BANGALORE INVESTOR PRESENTATION INVESTORPRESENTATION INVESTOR PRESENTATION June 2021 June2021 June 2021
Slide 2: Outlook
OUTLOOK ➢ Residential real estate sector showed indomitable resilience against the second Covid-19 wave. ➢ Despite sudden impact from second covid-19 wave, the sector appears to be on track for recovery. ➢ Large developers with better liquidity will continue to increase their market share. ➢ The ind
Slide 3: Cashflow Highlights
CASHFLOW HIGHLIGHTS: ➢ Achieved total cash inflow of Rs. 7.18 billion during Q1-22 which is up by 31% as compared to Q1-21. ➢ Achieved Real Estate Cash inflow of Rs 5.48 billion during Q1-22 which is up by 63% as compared to Q1-21. ➢ We have generated Net Operating Cashflow of Rs 1.34 billion during
Slide 4: Cash Flow Statement
CASH FLOW STATEMENT Amount Rs.in Millions PARTICULARS Q1-22 Q1-21 FY-21 Operational cash inflows Real Estate Operations 5,477 3,359 22,169 Contractual & Manufacturing 1,702 2,107 8,600 Total Operational cash inflow (A) 7,179 5,466 30,769 Operational cash outflows Real Estate project expenses 2,377 1
Slide 5: Cash Flow Statement (Contd)
CASH FLOW STATEMENT (Contd) Amount Rs.in Millions PARTICULARS Q1-22 Q1-21 FY-21 Financial Outflows Finance Cost 731 379 2,733 Income Tax 97 42 97 Total Financial Outflows (D) 828 421 2,830 Net Cash flow after Financial Outflow : (E=C-D) 516 506 3,560 Capital Outflows Land Payments (7) - 382 Dividend
Slide 6: Cashflow Highlights: Q1-21 v/s Q1-22
CASHFLOW HIGHLIGHTS: Q1-21 V/s Q1-22 Amount in Rs. Billions Total Cash Inflow Real Estate Cash Inflow GROWTH – 31 % 7.18 5.48 GROWTH – 63 % 8.00 6.00 7.00 5.00 3.36 5.47 4.00 6.00 3.00 5.00 2.00 4.00 1.00 3.00 - Q1-21 Q1-22 Q1-21 Q1-22 Net Operating Cash flow Net Cash flow 0.36 GROWTH –44 % 1.34 0.4
Slide 7: Movement of Debt
MOVEMENT of DEBT Amount Rs.in Billions Particulars 30th Jun-20 30th Sept-20 31st Dec-20 31st Mar-21 30th June-21 Gross Debt 31.25 31.56 31.34 30.62 30.21 Less: Cash & Cash Equivalents 1.04 1.06 1.59 2.10 2.04 Net Debt 30.21 30.50 29.75 28.52 28.17 D/E Ratio Net Debt (Rs Bn) D/E Ratio 36 1.24 1.28 1.
Slide 8: Borrowing Cost
BORROWING COST 11% Average cost of borrowing has declined in the last 7 quarters 9.80% 9.81% 10% 9.76% 9.69% 9.64% Rate of Interest % 9.32% 9.17% 9.04% 8.98% 9% 8% Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22 Finance Cost(Gross) Rs. In Million Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21
Slide 9: Real Estate (Residential) Projects: Projected Cash Flow
REAL ESTATE (RESIDENTIAL) PROJECTS: PROJECTED CASH FLOW Completed projects Ongoing - Area Ongoing - Area Particulars with unsold Total UOM offered for sale not offered for sale inventory Total Saleable area Mn.sqft 15.12 19.81 8.39 43.33 Sobha Share of Saleable area Mn.sqft 14.49 18.97 7.31 40.77 To
Slide 10: Sales Highlights
SALES HIGHLIGHTS: ➢ The second covid wave came all of a sudden in March-21 and it impacted larger number of people than the first covid wave. ➢ However, Sobha due to its past learnings, planning experience, digital efforts and strong business model remained resilient during Q1-22 and posted better o
Slide 11: Sales Performance: Q1-22
SALES PERFORMANCE: Q1 - 22 Q1 - 22 Sobha Share Total Average Area Sold (in Mn sqft) Area Sold Total Sale Value Region of Sale Value Price Realization GROWTH – 38 % in Sq Feet in Rs Mns in Rs Mns Rs / Sq Feet 1.20 0.90 Bangalore 663,867 4,851 4,217 7,307 Gurugram 67,336 647 428 9,614 0.65 Chennai 14,
Slide 12: Sales Value Performance Q1-22 (Price Band and Region)
SALES VALUE PERFORMANCE Q1 - 22 (Price Band and Region category) % CONTRIBUTION PER PRICE BRACKETS REGION CONTRIBUTION TO TOTAL SALE VALUE Coimbatore Kochi Kozhikode Pune 7.64% 0.18% GIFT City 0.37% > Rs.3 Crs 3.49% 2.18% < 1 Cr Bangalore Rs.2 Crs to 3 Crs 6% 22% Thrissur 71.04% 12% 4.17% Chennai 1.
Slide 13: Buyer Profile: 12 Months Rolling
BUYER PROFILE: 12 Months Rolling PROFESSION-WISE BREAKUP BUYERS AGE-WISE BREAKUP Others IT/ITES >51 Years 21-30 Years 23% Professional 14% 16% Business/Entrepreneur 51% 7% 41-50 Years 23% Medical/Pharma 3% 31-40 Years Non IT 47% Professional 16% RESIDENTIAL STATUS Indian 88% NRI 12% 0% 50% 100% 13
Slide 14: Financial Highlights
FINANCIAL HIGHLIGHTS: ➢ Total Income for Q1 -22 stands at Rs. 5.17 billion, up by 45% as compared to Q1 -21 ➢ Real Estate Revenue for Q1 -22 stands at Rs. 3.77 billion, up by 69% as compared to Q1 -21 ➢ Contractual & manufacturing vertical revenue for Q1 -22 stands at Rs. 1.36 billion which is up by
Slide 15: Financial Highlights (Contd)
FINANCIAL HIGHLIGHTS (Contd) : ➢ Average cost of borrowing has been reduced by 66 basis points as on June 2021 compared to June 2020 and stands at 8.98% as of 30th June 2021. ➢ Out of the cumulative sales done in residential business as on 30.6.2021, there is a balance revenue of Rs. 68.87 billion t
Slide 16: Financial Highlights: Q1-21 v/s Q1-22
FINANCIAL HIGHLIGHTS: Q1-21 V/s Q1-22 Amount in Rs. Billions Total Income Real Estate Revenue GROWTH – 45 % 5.17 GROWTH – 69 % 6.00 3.57 6.00 3.77 4.00 4.00 2.23 2.00 2.00 - - Q1-21 Q1-22 Q1-21 Q1-22 PBT 0.12 PAT GROWTH – 133 % GROWTH – 73 % 0.11 0.15 0.15 0.07 0.10 0.05 0.10 0.05 0.05 - - Q1-21 Q1-
Slide 17: Profit & Loss Statement
PROFIT & LOSS STATEMENT Amount Rs.in Millions PARTICULARS Q1-22 Q1-21 FY-21 Real Estate Revenue 3,768 2,229 13,103 Contractual & Manufacturing Revenue 1,355 1,271 7,995 Other Income * 48 66 499 Total Income 5,171 3,566 21,597 Total Expenditure 4,116 2,475 16,689 EBIDTA 1,055 1,091 4,908 EBIDTA Margi
Slide 18: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Amount Rs.in Millions PARTICULARS 30'June 2021 30'June 2020 PARTICULARS 30'June 2021 30'June 2020 ASSETS EQUITY & LIABILITIES Non-current assets Equity Property, Plant and equipment 4,348 4,552 Equity Share Capital 948 948 Investment Property 3,494 3,468 Other Equity 23,44
Slide 19: Real Estate - Projects Portfolio
REAL ESTATE - PROJECTS PORTFOLIO Total Developable / Leasable Area in Mn sqft ➢ Completed Real Estate projects located across 7 cities, CITY COMPLETED ONGOING FORTHCOMING with Total development of 60.14 mn sqft and Super Built-up area of 45.59 mn sqft Bengaluru * 47.20 16.83 7.01 Mysore 1.33 0.25 -
Slide 20: Future Launches and RERA Status
FUTURE LAUNCHES AND RERA STATUS Forthcoming Launch Pipeline : Ongoing Projects - RERA registration status : No of projects No of projects LOCATION No of Projects Total Saleable area (Mn Sft) Location applied for RERA approved by RERA Real Estate - Forthcoming Bangalore 74 74 Mysore 1 1 Bangalore 8 6
Slide 21: Contracts Portfolio
CONTRACTS PORTFOLIO Overall area delivered since inception: 53.74 million square feet Order book value as of 30th June 2021: Rs 20.54 billion Contractual Ongoing Project Details as of 30th June 2021 Contractual Revenue & Collection Details as of 30th June 2021 Amount in Rs. Billions Built-up area Sl
Slide 22: Contracts: Completed Projects Region Wise Contribution
CONTRACTS: Completed Projects region wise contribution details Total Developed Area(in Mn Sqft) Order Value (in Mns) 30.00 26.27 35,000 28,837 25.00 30,000 20.00 25,000 20,000 15.00 15,000 7,764 10.00 6.67 5,358 4.46 4.92 6.29 10,000 5,337 5,607 5.00 1,578 0.28 0.08 0.40 1.54 1.37 0.70 0.14 0.45 0.1
Slide 23: Manufacturing Division Performance
MANUFACTURING DIVISION PERFORMANCE Amount in Rs. Billions ▪ SOBHA – Only Real Estate Company in India with Aatma Nirbhar (Self-Reliant) Model ▪ It supports company to achieve world class quality with timely & efficient delivery Glazing & Metal Works Division Interiors & Furnishing Division Concrete
Slide 24: Commercial Portfolio: Completed and Forthcoming Projects
COMMERCIAL PORTFOLIO: Completed and forthcoming projects Total Leasable Area Sobha Share of Leasable Project Name Status % of area Leased (in sqft) Area (in sqft) Sobha City Mall, Thrissur Completed 94% 338,493 258,247 One Sobha, Bangalore Completed 80% 225,334 150,974 Sub Total 563,827 409,221 Sobh
Slide 25: Sobha Dream Acres Project Status
SOBHA DREAM ACRES PROJECT STATUS Total SBA launched for sale as on June – 2021 5.66 mn sqft Total Developable Area Launched 7.43 mn sqft Total SBA Sold till June – 2021 5.39 mn sqft Area Completed till June - 2021 5.12 mn sqft Percentage sold 95 % Sobha Dream Acres Wing 25 & 26, Bangalore Sobha Drea
Slide 26: Ongoing Projects
ONGOING PROJECTS Sobha Royal Pavilion Wing 3-7, Bangalore Sobha Forest Edge, Bangalore 26
Slide 27: Ongoing Projects (Contd)
ONGOING PROJECTS: (Contd) Sobha Arena, Pebble Court, Bangalore Sobha HRC Pristine Wings 1-6, Bangalore 27
Slide 28: Completed Residential Projects During Q1-22
COMPLETED RESIDENTIAL PROJECTS DURING Q1-22: SOBHA Arena - The Square, Bangalore 28
Slide 29: Board of Directors
BOARD OF DIRECTORS Ravi PNC Menon J.C. Sharma T.P. Seetharam Chairman Vice Chairman & Managing Director Whole-time Director • Over 16 years of experience in the real • Over 38 years of experience in diversified • Distinguished service as a career estate and construction business industries such as a
Slide 30: Milestones
MILESTONES • Recorded one of the best Sales performance despite challenging Macro environment. • Recorder best Cashflows despite the impact of Pandemic on business operations. FY21 Launched exclusive showroom of metercube brand at One Sobha mall Bangalore. • Entered into Furniture business with the
Slide 31: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY ➢ Started by the Founder Chairman Shri PNC Menon for “the joy of giving”, long before CSR became a mandatory requirement, SOBHA Limited spends much more than the stipulated percentage of its profits on its much-lauded initiatives. ➢ CSR, for SOBHA Limited is a sustain
Slide 32: Corporate Social Responsibility
CORPORATE SOCIAL RESPONSIBILITY II) Healthcare Initiatives : - SOBHA Health Care , established in 2007 provides free consultation, diagnosis, tests, treatment and medicines are provided by a dedicated medical team including specialists, equipped with necessary state of the art facilities. 7057 outpa
Slide 33: Corporate Social Responsibility (Contd)
CORPORATE SOCIAL RESPONSIBILITY (Contd) Sobha Hermitage Sobha Healthcare Sobha Social Weddings The Sobha Academy 33
Slide 34: Thank You
THANK YOU Investors Contact : SOBHA Corporate Office - Bangalore Mr.Subhash Mohan Bhat Sobha Limited. Chief Financial Officer ‘SOBHA’, Sarjapur-Marathahalli Outer Ring Mobile: +91-80-49320000 Ext. 5026 Road(ORR), Email: subhash.bhat@sobha.com Devarabisanahalli, Bellandur Post, Bangalore-560103 Mr. T