May 19 2025 Corporate Presentation

Corporate Presentation

May 2025

1

‌India's Leading Retail-led Mixed-use Developer & Operator

INDI A'S LARGEST

RETAIL PORTFOLIO

Gross Leasable Area*

~ 18 msft

Operational

~ 11 msft

Under Development

~7 msft

Operational Malls 12

COMMERCIAL

Gross Leasable Area^

~7 msft

Operational

~3 msft#

Under Development

~4 msft

HOSPITALITY

Portfolio Keys^

~988

Operational

~ 588 KEYS

Under Development & P l a n n i ng

~400 KEYS

RESIDENTIAL

Gross Saleable Area^

~5 msft

OC Received Area

~3 msft

*By 2030 ^By 2027

# Includes Phoenix Asia Towers, where construction is complete and OC is received

GLA is an estimate based on current plans and market/company norms and is subject to change based on changes in development plans and tenant negotiations. 2

‌Maximizing Value through Strategic Densification

Retail Retail + Office Retail + Office + Residences

Retail + Office + Hospitality

Continuous evolution across asset classes to complement retail

3

‌Delivered Double Digit Growth over a Decade

Consumption (Rs. Cr)

CAGR

15%

13,750

2,570

FY13

FY25

Retail Rental (Rs. Cr)

CAGR

14%

1,951

420

FY13

FY25

4

‌Strong performance over the last decade

Consumption (Rs cr) Retail Rentals (Rs cr)

~5x ~5x

Consolidated Operational EBITDA (Rs cr)

Operational FCF (after working capital changes, taxes

and interest paid) (Rs cr)

~8x ~13x

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FY13

2,570

FY25

13,750

FY13

420

FY25

1,951

FY13

263

FY25

2,161

FY13

132

FY25

1,738

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‌FY25: Core Businesses Deliver Steady Growth

Core Businesses (Retail, Offices, Hotel)

Revenue from operations

Rs. 3,507 cr

Up 16% vs FY24

Operating EBITDA

Rs. 2,111 cr

Up 16% vs FY24

Consolidated Group Performance

Revenue from operations

Rs. 3,814 cr

Down 4% vs FY24

Operating EBITDA

Rs. 2,161 cr

Flat vs FY24

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‌India's Most Loved Retail Destinations

Operational: 12 Malls | >11 msft | 8 cities

~3,000

STORES

130+ mn

VISITORS

~15 mn

VEHICLES

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‌Retail: Creating Experiences, not just spaces

We build more than malls…

We build moments.

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‌Retail Business Overview

Operational: 12 Malls | >11 msft | 8 cities

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‌Indicative Render

Phoenix Palladium Mumbai: Curating the Next Chapter

Unveiling West Zone at Phoenix Palladium Mumbai Unparalleled experiences across 250,000 sq. ft. of gross leasable area

5 levels of Retail | Curated F&B offering | Entertainment and more | Additional car parks

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‌Commercial Office Business Overview

Premium Workspaces Across India's Growth Cities

Operational (FY25): 5 Offices | 2 msft | 2 cities

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‌Millennium Towers, Pune

OC Received for Tower 3

Indicative render

~1.30 msft of prime commercial offices (across three towers)

OC received for Tower 3 (~0.52 msft)

Pre-leasing commenced Upcoming metro ~1 km away Host of world class amenities

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‌Phoenix Asia Towers, Bangalore

OC received; launching soon

GLA of ~0.80 msft

Pre-leasing commenced

Upcoming metro landing within the campus

Host of world class amenities

Indicative render

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‌One National Park, Chennai

Pre-leasing discussions commenced

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‌The St. Regis, Mumbai - The Best Address of Mumbai

Iconic Properties, Elevated Experiences

Koishii, The St. Regis, Mumbai

Photo shot at location

The St. Regis, Mumbai

395 keys

FY25 Operating Income

Up 7% vs FY24

FY25 Operating EBITDA

Up 11% vs FY24

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‌Courtyard by Marriott Agra: Strong performance

Iconic Properties, Elevated Experiences

Photo shot at location

Courtyard by Marriott Agra

193 keys

FY25 Operating Income

Up 4% vs FY24

FY25 Operating EBITDA

Up 12% vs FY24

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‌One Bangalore West and Kessaku, Bangalore

Luxury Living in Bangalore

One Bangalore West

Indicative Render

FY25 Gross Bookings

FY25 Collections

FY25 Average Sales Price

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‌Disciplined Financial Management, Strong Liquidity Position

31-Mar-24

31-Mar-25

Change

Amount Rs. cr

Liquidity (Bank balance +

Investments + DSRA)*^

2,209

1,702

- 507

Gross Debt^

4,366

4,409

+ 42

Net Debt^

2,157

2,707

+ 549

Net Debt to EBITDA^

~1.0x

~1.2x

*Does not include amount available in overdraft accounts ^ Includes Starboard which does not form part of PML Consolidated financials 19

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‌A significant milestone delivered

2019

2024

GLA is an estimate based on current plans and market/company norms and is subject to change based on changes in development plans and tenant negotiations. 21

‌Sustained Portfolio additions

Dec-22

Feb-23 Nov-23 Apr-24 Aug-24

Sep-24

City

Land Size

Development

Surat

~7.2 acres Retail

Kolkata

~5.5 acres Residential

Thane

~11.5 acres

Retail-led Mixed use

Bangalore

~6.6 acres

Under planning

Coimbatore

~9.0 acres Retail

Chandigarh Mohali

~13.1 acres

Retail-led Mixed use

Land acquired between Dec-2022 and Sept-2024

Committed towards land acquisitions

from December 2022 to September 2024

Note: Consideration towards the above land acquisitions except Mohali has been paid in full. For the Mohali land, PML emerged as the highest bidder in a recent auction conducted by GMADA.

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‌A significant milestone - in the pipeline

2025

2030

GLA is an estimate based on current plans and market/company norms and is subject to change based on changes in development plans and tenant negotiations. 23

Commercial Offices

~3 msft*

>7 msft

‌2027 & Beyond: From Destination Retail to Integrated Urban Icons

Segments

2025

By 2027

By 2030

Retail

~11.5 msft

>14 msft

>18 msft

Hotels

Residential^

~3.5 msft

~588 keys

~4.5 msft

~988 keys

GLA is an estimate based on current plans and market/company norms and is subject to change based on changes in development plans and tenant negotiations.

*Includes Phoenix Asia Towers, where construction is complete and OC is received ^Residential area denotes cumulative area 24

‌Charting the growth roadmap: 2027 and beyond

Thane

Coimbatore

Chandigarh/

Mohali

Hyderabad

NCR

Vishakapatnam

Navi

Mumbai

Nagpur

Goa

Cochin

Jaipur

Trivandrum

and Varanasi

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‌Adding Pillars of Governance & Experience to the Board

Mr. Atul Ruia

Chairman

Mr. Shishir Shrivastava

Managing Director

Mr. Rajesh Kulkarni

Whole Time Director & CEO - Projects Delivery and Architecture

Ms. Rashmi Sen Whole Time Director & CEO - Malls

4 out of 8 Directors are Independent; 2 out of 8 are Women Leaders

Dr. Archana Hingorani

Independent & Non- Executive

Director

Mr. Anand Khatau

Independent & Non- Executive

Director

Mr. Sumeet Anand

Independent & Non- Executive

Director

Mr. Sumanta Datta

Independent & Non - Executive

Director

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‌Our Journey to creating Dominant Consumption Destinations

~0.5 msft ~5.5 msft

~6.6 msft

~11.1 msft

~18 msft

1999 to 2007

Launch of HSP Planning/ development of Phoenix Palladium

Palladium Block, Mumbai

PMC Chennai

Phoenix United Bareilly

Phoenix Palassio Lucknow

Palladium Ahmedabad Phoenix Mall of the Millennium Phoenix Mall of Asia

Thane Coimbatore Chandigarh/ Mohali

PMC

Bangalore Expansion

2009

2011

PMC

Mumbai, Pune, Bangalore Phoenix United Lucknow

2013

2018

Palladium Chennai

2020

2022 2023

Phoenix Citadel Indore

2027

Phoenix Palladium and PMC Bangalore Expansion Phoenix Grand Victoria, Kolkata

Retail at Surat

2030

GLA is an estimate based on current plans and market/company norms and is subject to change based on changes in development plans and tenant negotiations. 27

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