Slide 1: Investor Presentation Q3 FY26
Investor Presentation Q3 FY26 | January 2026 1| ©2026 WeWork India. Proprietary & Confidential.
Slide 2: Disclaimer
Disclaimer You must read the following before continuing. You agree to be bound by the following limitations and restrictions by reading these materials or by attending the meeting/ call where this document is presented, the oral presentation of the information in this document made for and on behal
Slide 3: From the CEO's desk
While Q2 marked our public listing, Q3 affirms a far more powerful story, the exponential impact of From the CEO’s desk compounding value across the WeWork India platform. WeWork India now commands a massive network of over 100,000 members. This isn't just growth, it is undeniable proof of our essen
Slide 4: Contents
Contents 1. Quarterly Highlights 2. Industry 3. Key Performance Metrics 4. INDAS to IGAAP Equivalent Reconciliation 5. Other Highlights 6. Annexure 4| © 2024 WeWor k India. Proprietary & Confidential. ©2026 WeWork India. Proprietary & Confidential.
Slide 5: Q3'FY26 Highlights
Q3’FY26 Highlights 5| ©2026 WeWork India. Proprietary & Confidential.
Slide 6: Market leadership with accelerating scale and occupancy
Market leadership with accelerating scale and occupancy 8.2 | 11.4 MSF 121.6k 102.1k | 83.9% Operational Area |Total Area 1 Operational Desk Capacity Portfolio Level Occupancy QoQ +6.3 % |+14.0% QoQ +7.1k | +6.2 % QoQ +10.3k |+11.1% YoY +18.4 % |+35.7% YoY +20. 1k | +19.8% YoY +23.5k |+29.9 % 73 Cen
Slide 7: A record-breaking quarter driven by established profitability
A record – breaking quarter driven by established profitability 640.3 Crs 134.6 Crs 52.0 Crs Total Revenue EBITDA 1 PAT2 QoQ +9.6% QoQ + 13.7% QoQ +32.3 % YoY +27.0% YoY +47.6% YoY +511.8% 21.0% 8.1% 2.8x EBITDA Margin PAT Margin Total Revenue to Rent QoQ +75 bps QoQ +139 bps YoY +293 bps YoY +643 b
Slide 8: Delivering superior returns through disciplined capital deployment and balance sheet strength
Delivering superior returns through disciplined capital deployment and balance sheet strength 32.6% 203.8 Crs ROCE Operating Cash Flows 1.5x QoQ +1049 bps QoQ +113.7% Operating cash flows to EBITDA YoY +1531 bps YoY +119.3% 110.4 Crs 9.9% | A Net Debt Cost of Borrowing | Credit Rating 0.25x QoQ - 64
Slide 9: YTD FY26 Highlights
YTD FY26 Highlights - demonstrates sustainable profitability at scale 1,767.6 Crs 334.6 Crs 99.7 Crs Total Revenue EBITDA PAT YoY +21.4% YoY +15.3% YoY +127.5% 18.9% 5.6% 2.9x EBITDA Margin PAT Margin Total Revenue to Rent YoY - 100 bps YoY +263 bps 10 | Note: All financial metrics are on an IGAAP e
Slide 10: Q3 FY26 reinforces WeWork India's leadership, profitability, and capital efficiency
Q3 FY26 reinforces WeWork India’s leadership, profitability, and capital efficiency 1 Highest - ever quarterly revenue, reflecting strong demand 2 Record breaking YoY EBITDA growth QoQ +13.7% and pricing discipline YoY +47.6% 20.3% 21.0% Total Revenue in ₹ Crs 18.1% QoQ +9.6% EBITDA in ₹ Crs YoY +27
Slide 11: Industry
Industry 12 | ©2026 WeWork India. Proprietary & Confidential.
Slide 12: Structural demand tailwinds continue to accelerate flexible workspace adoption
Structural demand tailwinds continue to accelerate flexible workspace adoption Record Demand for Talent - Driven Growth Concentrated in Urban Premium Workspaces Gaining Momentum Amid Grade A Offices Demand Corridors Strong Return - to - Office • Record 82.6 Mn sq. ft. absorption in CY2025 • India pr
Slide 13: Key performance metrics
Key performance metrics 14 | ©2026 WeWork India. Proprietary & Confidential.
Slide 14: Deepening presence across top cities
Deepening presence across top 8 cities WeWork footprint in India’s key growth corridors Gurgaon 10 Centres | 1.0 MSF | 12.7k Desks | YoY +18.6% Total Operational Supply Delhi 01 Centres | 0.1 MSF | 0.8k Desks | - 73 Centres Noida 03 Centres | 0.3 MSF | 3.9k Desks | YoY +0.1% 8.2 MSF 121.6k Desks Mum
Slide 15: Supply Pipeline & Future Capacity
Supply Pipeline & Future Capacity Current Status : ~4 0 % capacity growth already signed 2.7 11.4 8.2 0.5 Operational Leasable Area Lease signed LOI Signed Total Area 123.1k 7.5k 40. 1k 170.6k Desk Lease signed LOI signed Total capacity * desks desks desks Locked in supply for future capacity additi
Slide 16: Strong Sales Velocity with Disciplined Revenue-to-Rent multiple
Strong Sales Velocity with Disciplined Revenue -to-Rent multiple Highest 9M desk sales Demonstrated ability to charge premium pricing Sales Velocity 3.0x 2.9x 2.8x 2.7 Desks Sold in 000s 2.7x 2.6x Desks Sold Area in MSF 2.5x 1.9 2.2x Industry Average Revenue to Rent Range (1) 26.9 37.9 Q3'FY25 Q2'FY
Slide 17: Leading to growing commitment term with strong order book
Leading to growing commitment term with strong order book Commitment Term Ratio of Locked - in license fee to locked - in rental cost 2.8 2.6 32 28 +4 months 2.0 27 23 +4 months 1,879 932 2,314 885 2,528 905 Q3'FY25 Q3'FY26 Dec-24 Sep-25 Dec-25 Portfolio Tenure Large Enterprise Tenure Remaining lock
Slide 18: Portfolio-wide occupancy continues to strengthen, across cohorts
Portfolio -wide occupancy continues to strengthen , across cohorts Portfolio Level: Operational Capacity, Occupied Members & Occupancy % 80.2% 83.9% 77.3% QoQ +6.2% Capacity Member YoY +19.8% growth QoQ +11.1% higher than Members capacity YoY +29.9% 78.5 101.6 91.8 114.5 102.1 121.6 addition Dec-24
Slide 19: Robust growth driven by diversified revenue streams
Robust growth driven by diversified revenue streams Q3‘FY26 Revenue (₹ in Cr s) Contribution 578.4 638.0 495.8 QoQ +10.3% Revenue from Operations YoY +28.7% 100% Q3'FY25 Q2'FY26 Q3'FY26 Core Operations 496.3 532.3 429.0 QoQ +7.3% Workspace as a service, 83.4% redefining workspace leasing. YoY +24.1%
Slide 20: Diversified enterprise-led client base
Diversified enterprise -led client base Revenue from Core Operations - By Member Type Revenue from Core Operations - By Domicile 25.5% 23.8% Fortune 500 36.6% Non - Enterprise Members Members 63.4% Q3’FY26 Q3’FY26 74% Domestic 14.5% Enterprise Members International 36.2% Large Enterprise Members Oth
Slide 21: Continuously leveraging scale and efficiency to achieve high centre-level margins
Continuously leveraging scale and efficiency to achieve high centre -level margins Centre Level EBITDA 1 & Margin Effectively managing fixed and variable costs Centre - level EBITDA in ₹ Crs Centre-level EBITDA Margin 28.7% 27.3% QoQ +140 bps Rent costs per sq.ft . for th e quarter 27.0% Rent increa
Slide 22: Consistently delivering high EBITDA and margins along with sustained profitability
Consistently delivering high EBITDA and margins along with sustained profitability EBITDA & Margin PAT & Margin EBITDA in ₹ Crs EBITDA Margin % 21.0% PAT in ₹ Crs PAT Margin % 20.3% 8.1% 6.7% 18.1% 1.7% 91.2 118.4 134.6 8.5 39.3 52.0 Q3'FY25 Q2'FY26 Q3'FY26 Q3'FY25 Q2'FY26 Q3'FY26 QoQ +13.7% QoQ +32
Slide 23: Delivering strong returns with efficient capital deployment
Delivering strong returns with efficient capital deployment Comparable Industry ROCE Range FY27 EV/EBITDA Return on Capital Employed Hotel Industry 8% - 22% 18.6x Hospital Industry 17% - 21% 22. 2x REIT Industry 5% - 7% 13.3x WeWork ROCE at 32.6% is superior to listed companies in comparable industr
Slide 24: Self-sustaining business with healthy free cash flows and declining cost of capital
Self -sustaining business with healthy free cash flows and declining cost of capital Free Cash Flow Debt Position Free Cash flow in ₹ Cr Q3’FY25 Q2'FY26 Q3'FY26 Debt & Cash Position in ₹ Cr Q3'FY25 Q2'FY26 Q3'FY26 Reported Cash Flow from Operations 317.7 375.2 482.7 Gross Debt 830.0 409.6 316.3 Less
Slide 25: INDAS to IGAAP Equivalent Reconciliation
INDAS to IGAAP Equivalent Reconciliation 27 | ©2026 WeWork India. Proprietary & Confidential.
Slide 26: Reported Financial Performance | IND AS to IGAAP equivalent reconciliation
Reported Financial Performance | IND AS to IGAAP equivalent reconciliation All amounts in ₹ Crs Q3 FY26 Q2 FY26 Q3 FY25 Particulars Reported Ind AS IGAAP Reported Ind AS IGAAP Reported Ind AS IGAAP Ind AS adjustment Equivalent Ind AS adjustment Equivalent Ind AS adjustment Equivalent Revenue from op
Slide 27: Tracing rent cost paid to Landlords from Cash Flows
Tracing rent cost paid to Landlords from C ash Flows Lease Liabilities Lease liability cost reconciliation in ₹ Cr Q3'FY25 Q2'FY26 Q3'FY26 Payment of principal portion of lease liabilities 223.3 119.3 138.2 Interest paid on lease liabilities 118.7 132.0 128.9 Total payment + interest on lease liabil
Slide 28: Other highlights
Other highlights 31 31 | ©2026 WeWork India. Proprietary & Confidential.
Slide 29: Shaping a community we're proud to call ours
100,000 With you by our side, we’re shaping a community we’re proud to call ours 100,00 stories and ambitions within one growing community, reinforcing our leadership in India’s premium flexible workspace sector. 32 | ©2026 WeWork India. Proprietary & Confidential.
Slide 30: Member spotlight: Laundryheap x WeWork - growing together since 2017
Member spotlight: Laundryheap x WeWork - growing together since 2017 Laundryheap is a global laundry and dry - cleaning brand that began its journey at WeWork in London, before establishing its India presence at WeWork Galaxy, Bengaluru , in 2017 with a single hot desk. Soon after, the company expan
Slide 31: Customized suite of services for GCCs
We have launched a customized suite of services for GCCs, anchored around our core workspace solutions GCC SUITE OF SERVICES 2. 360 ° WORKSPACE SERVICES 3. VALUE ENHANCING SERVICES 1. CORE SERVICES a) Scalable expansion models a) Events & Employee experience as a a) Real estate (flex Grade A offices
Slide 32: GCC partnerships
Select Partnerships GCC partnerships We have partnered with select GCC service providers - these include a mix of industry/domain specialists to end - to- end GCC - in- a- box companies. These GCC partners will help channel high - quality GCC leads into WeWork India, while WeWork India will leverage
Slide 33: Building excellence through technology, impact, and culture
Building excellence through technology , impact , and culture We are Great Place To Work® certified, We have multiple ISO Certifications & Awards across the following categories Awarded in Q3’FY26 • WeWork India has successfully achieved ISO/IEC 27001:2022 certification for • Great Mid - size Workpl
Slide 34: New centres opened in Q3'FY26
New centres opened in Q3’FY26 WeWork EON Free Zone, Pune Managed Office: Gigaplex IT Park, Mumbai Managed Office: Littlewood Tower, Chennai 38 | ©2026 WeWork India. Proprietary & Confidential.
Slide 35: Annexure
Annexure 40 | ©2026 WeWork India. Proprietary & Confidential.
Slide 36: Consolidated Statement of Profit & Loss
Consolidated Statement of Profit & Loss Quarter ended Nine months ended Year ended Particulars December 31, 2025 September 30, 2025 December 31, 2024 December 31, 2025 December 31, 2024 March 31, 2025 Income Revenue from operations 634.1 574.7 491.7 1,744.1 1,409.8 1,949.2 Other income 3.1 0.5 4.1 4
Slide 37: Shareholders' letter
Shareholders’ letter Click here to download Click here to download 42 | ©2026 WeWork India. Proprietary & Confidential.
Slide 38: Glossary
Glossary Term Definition Desk A notional work unit created to serve as the key unit of measurement of the inventory created and sold by us in a Centre Centres refer to any facility (floor, building,) with or without shared amenities or services for which lease or operating agreement has been execute
Slide 39: Glossary
Glossary Term Definition Mature Centre Operational Centres which have been operational for more than 12 months Growth Centre Operational Centres which are operational for less than or equal to 12 months A measure of monetization efficiency that indicates how much revenue we generate for every rupee
Slide 40: wework.co.in
wework.co.in Contact: Mr. Vinayak Parameswaran, Chief Investment Officer investor.relations@wework.co.in Mr. Udayan Shukla, Company Secretary & Compliance Officer cswwi@wework.co.in | +918884564500 45 45 | ©2026 WeWork India. Proprietary & Confidential.