SHRIRAMPPSNSE13 August 2022

Further to our letter dated August 12, 2022 and pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find ...

Shriram Properties Limited

August 13, 2022

National Stock Exchange of India Limited The Listing Department Exchange Plaza, 5th Floor Plot C 1 – G Block Bandra-Kurla Complex, Bandra ( E) Mumbai 400 051 Scrip Code: SHRIRAMPPS

Dear Sirs

BSE Limited Dept of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400 001 Scrip Code : 543419

Sub: Submission of Investors Presentation to be made to Analyst / Investors

Further to our letter dated August 12, 2022 and pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the presentation to be made to the Analyst / Investors (Tuesday August 16, 2022) on the Unaudited Financial Statements for the quarter ended June 30, 2022

We request you to take the above information on record.

Thanking you.

Regards

Shriram Properties Limited "Shriram House", No.31, Old No.192, 2nd Main Road, T Chowdaiah Road, Sadashivanagar, Bengaluru - 560080 T +91-80-402299991 F +91-80-41236222 I Web: www.shriramproperties.com

Registered Office: Lakshmi Neela Rite Choice Chamber, New No.9, Bazullah Road, T. Nagar Chennai - 600

017 GST No: 29AAFCS5801D1ZI CIN No: L72200TN2000PLC044560

Shriram Properties Limited Q1FY23 Results Presentation Shriram Properties Limited Q1FY23 Results Presentation August 2022 1 August 2022

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shriram Properties Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward- looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the healthcare industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

Industry Overview

Shriram Chirping Woods

Industry Operating Environment Positive, despite Rate Hikes

• Housing demand remained strong across Top-7 markets

Housing Sales Trends

• Seasonality impact in Q1FY23 (Q2CY22); Strong YoY growth, but lower QoQ

• Cost inflation led price hikes by developers and rate hike impacted customer

decision making to some extent, but likely short term

• Housing sales momentum likely to remain robust, given strong economic outlook, rising income and pandemic-induced home ownership desire

•

Inventory overhang across Top-7 cities plunged to 22 months by end-Q2CY22. Chennai & Kolkata registered a 7% quarterly decline; Bangalore nearly stable

Inventory Overhang

• Prices across Top-7 cities up by 2-3% QoQ; 4-7% higher compared to Q2CY21,

•

Input cost pressures moderated, after spike during Q4FY22

KEY EMERGING TRENDS – Largely remaining intact

• Housing affordability remains favorable, despite rate hikes

• Developers offering schemes to fix rates, to accelerate customer decisions

• Strong talent demand in key sectors of our core markets, resulting in job

security and improved purchasing power

•

Larger branded players to dominate the market

• Focus on mid-market and affordable segments to continue

• Plotted developments in high demand

• Positive outlook for pricing, supported by strong demand and cost

considerations. Industry consolidation impact adding further

Housing Affordability

________________ Source: - Anarock Report – for Housing Sales Trends and Inventory Overhang charts above. - HDFC Investor Presentation for Housing Affordability

Operational Highlights

Q1|FY23

Shriram Summit

Performance Snapshot: Q1|FY23

Sales Volume (Msf*)

Sales Value (Rs. Mn.)

Collections (Rs. Mn.)

Construction (Rs. Mn.)

+20%

0.66

+26%

3,126

+34%

3,242

+52%

1,370

0.55

2,476

2,424

899

Q1FY22

Q1FY23

Q1FY22

Q1FY23

Q1FY22

Q1FY23

Q1FY22

Q1FY23

Sales by Dev. Model

✓ Strong YoY growth; QoQ trends muted due to seasonality

✓ Sales volume up 20% YoY despite only 1 launch due to seasonality issues

17%

31%

✓ DM Projects accounted for 17% of sales volumes (0.11 msf); Plotted share at 9% (0.06 msf)

✓ Sales value up 26% YoY to Rs. 3,126 million in Q1, compared to Rs. 2,476 million in Q1FY22

50%

✓ Gross collections higher by 34% YoY to Rs.3,242 million

Own

JDA

______________________ * Msf = Million Square Feet

✓ Construction spend at Rs. 1,370 million reflected a growth of 52% YoY.

Labour strength of ~ 4,000 across projects; Nearly all projects on-track within RERA timelines

✓ Avg. realisation up 8% YoY at Rs.4,694/Sqft in Q1FY23 vs. Rs.4,363/Sqft in Q1FY22;

Plotted development realisation higher by 6% YoY in Q1

KPI Quarterly Trends : Q1|FY23 and FY22

Pre-Sales Volume (msf)

3.8

Sales Value (Rs. Mn.)

14,824

1.0

1.2

0.6

0.7

2,476

4,159

4,792

3,399

3,126

Q1FY22

Q2FY22

Q3FY22

Q4FY22

FY22

Q1FY23

Q1FY22

Q2FY22

Q3FY22

Q4FY22

FY22

Q1FY23

Collections (Rs. Mn.)

11,835

Construction (Rs. Mn.)

6,435

3,053

3,140

3,399

3,242

2,242

1,958

1,371

2,207

1,307

899

Q1FY22

Q2FY22

Q3FY22

Q4FY22

FY22

Q1FY23

Q1FY22

Q2FY22

Q3FY22

Q4FY22

FY22

Q1FY23

Good start to the fiscal with continuing growth momentum; Business on track to meet FY expectations

Successful New Phase Launch in Q1; 12 Likely Launches in FY23

Q1 FY23 Launches

Type

Launch

Launch Area

Park63 (2B)1

New

Jun’22

534,115

FY22 Launches

Type

Launch

Launch Area

Sold at launch

56,345

Sold at launch

Chirping Grove – Phase 1

Suvilas Palms

Westwoods

Eden 144

New

Q1FY22

250,421

103,793

Q1FY22

229,657

99,025

Q2FY22

497,790

373,200

Q2FY22

151,045

101,553

Chirping Grove – Phase 2

Phase

Q2FY22

244,135

67,605

Yuva – WYTField Phase 2

Phase

Q3FY22

255,320

108,391

Sunshine – Phase 2

Phase

Q3FY22

164,640

Temple Bells - Phase 4

Phase

Q3FY22

185,286

97.650

59,905

SouthEast Phase 3 2

Phase

Q4FY22

864,609

112,738

Divine City – Phase 2 2

Clay Grove 2

New

Q4FY22

313,484

185,159

Q4FY22

108,163

Temple Bells/Sanjeevini 2

Phase

Q4FY22

211,970

Average Sales-at-launch* (% of project launched)

12,723

3,570

% sold

11%

% sold

41%

43%

75%

67%

28%

42%

59%

32%

13%

59%

12%

38%

# of project launches

6 new launches & 6 new phases of ongoing projects

FY18

FY19

FY20

FY21

FY22

1 FY23e

Q1FY23

Impressive Sales-at-Launch

52%

48%

35%

38%

34%

FY18

FY19

FY20

FY21

FY22

____________________________________________________________________ * Sales-at-launch = Actual sales during first 90-days of launch; 1. Park63(2B) launched in early June’22. Hence, the sales-at-launch is computed only up to 30- Jun 22 (lesser than 90 days) 2.

SouthEast-3 launched in Feb’22; Temple Bells – Sanjeevini, Clay Grove & Divine City-2 launched in Mar’22 Sales-at-launch is computed only till 31st Mar’22 (lesser than the 90-days)

Minimal launches in Q1 due to seasonality issues, consistent with past trends 12 planned launches in FY23, supported by strong project pipeline

Encouraging Pricing Trends: Q1 realization up 4% QoQ

Price Increase by Project – Top Projects only

Project

Development Type

Realisation Mar’22

% Change from Sep’21

Realisation Jun’22

% change from Mar’22

SouthEast Phase 2

Apartments

Rainforest

Plots

Southern Crest

Apartments

WYTfield – Phase 1

Apartments

WYTfield – Phase 2

Apartments

Chirping Grove – 2

Villas

One City – 1

One City – 2

Villas

Plots

Temple Bells (IV)

Apartments

Sanjeevini

Park 63(1A)

Park 63(2A)

Grand One

Apartments

Sunshine One

Apartments

Sunshine Two

Apartments

4,294

3,401

6,762

5,309

5,329

6,438

3,521

1,474

3,966

3,980

6,600

6,318

3,863

3,875

3,752

10%

-2%

13%

10%

19%

18%

10%

4,382

3,450

7,403

5,474

5,262

6,526

3,754

1,538

4,060

4,219

7,185

6,176

3,924

3,952

3,918

-1%

-2%

✓ Strong demand trends supportive of price hikes; Industry consolidation impact adding strength

✓ Industry-wide price improvement trends since Sep-Oct’21; Trend continued during Q1FY23

✓ Price curve expected to rise, supported by strong demand and rising input costs

✓ SPL price trends encouraging; Up 4% in Q1, on top of 8% hike seen in H2FY22

Q1FY23 Increase in realization

1%-9% QoQ

H2 FY22 Increase in Average realization

Realizations Trends by Development Type (Rs/Sqft)

6,380

5,311

Q1FY22

Q1FY23

4,022

4,252

3,682

2,264

Plots

Affordable

Mid-Market

Business Development and Project Pipeline Update

# projects

msf

Ongoing – 24 msf

10.4

53.3

Project Pipeline (msf)

Upcoming Projects – 29 msf

Pipeline – Mar’22

Less: Projects Completed

Less: Project Deletions

Add: Project Additions

Pipeline –June’22

(3)

51.3

(2.2)

(2.8)

7.0

53.3

11.2

0.3

0.9

1.0

5.3

6.5

9.6

8.3

Ongoing Owned

Ongoing JV / JDA

Ongoing DM

PuD Owned

PuD JV / JDA

PuD DM

FC Owned

FC JV / JDA

Note: FC : Forthcoming; PuD: Projects under development.

FC DM

Total

Pipeline – By Region

Pipeline – By Development Type

14.2%

17.0%

48.2%

20.6%

Bangalore

Chennai

Kolkata

Others

33.4%

27.3%

✓ 3 Projects deferred/removed due to project uncertainty

✓ Park63 (1A), Summit and Earth Whitefield moved to COMPLETED

✓ Added 8 new projects – with aggregate saleable area of 7 msf

✓ Overall pipeline impressive; 53 projects with 53 msf potential

✓ 24 msf ongoing and 29 msf upcoming projects

8.5%

30.9%

Own

JDA

Financial Highlights

Q1|FY23

Shriram Southern Crest

Financial Highlights: Q1|FY23

o Positive earnings and turnaround momentum continued in Q1FY23, building further on

Q4FY22 trends

o Improving operating leverage and rising share of DM income supporting strongly

o Revenue recognition from more ongoing projects during the remainder of FY23, both in

SPL & JVs. Should help deliver stronger revenues and earnings in coming quarters

o Strong operational momentum and business lead indicators reinforce confidence on

delivering stronger earnings and profitability in FY23, in line with guidance

o Significant progress in ongoing efforts to reduce debt and cost of debt

Financial Highlights : Q1|FY23

Particulars (INR Mn)

Revenue from operations*

Other income

Total Revenues

Cost of revenue

Employee benefit expense

Other expenses

Total Expenses

EBITDA

Finance Costs

- Interest expense

- Unwinding of interest (non-cash charge)

- Other finance costs (net of finance income)

Depreciation

Profit before share of JV Income/(Loss)

Add: Share of profit/(loss) of JVs

Profit Before Tax

Tax expense

Q1 FY23 Limited Review

Q1 FY22

YoY (%)

Q4 FY22 Audited

FY22 Audited

1,222

229

1,451

717

192

188

1,096

355

258

186

174

421

188

609

173

166

156

494

115

296

236

(201)

(85)

(286)

190%

22%

138%

315%

16%

20%

122%

209%

-13%

-21%

73%

-7%

+ve

-16%

2,051

314

2,365

760

210

440

1,410

955

259

215

(9)

678

683

648

4,329

849

5,178

1,823

730

807

3,360

1,818

1,199

940

205

552

(226)

326

146

180

Net Profit _________________ * Includes DM fee of INR 181 million, INR 111 million, INR 420 million and INR 1043 million in Q1FY23, Q1FY22, Q4FY22 and full year FY22 respectively

(368)

105

+ve

Growth momentum continues; Business on track to meet FY expectations

Financial Performance Highlights: Q1|FY23

❑ Strong financial performance: Revenue & EBITDA more than doubled; Earnings turnaround momentum continued

❑ Revenue from Operations nearly tripled – Rs.1.2 billion in Q1FY23 vs. Rs.421mn in Q1FY22

•

Driven by increased handover momentum in Grand-1 (Kolkata) and Panorama Hills (Vizag)

Shriram Summitt handover commenced post OC in May’22

Despite delays in receipt of OC in Shriram Southern Crest, expected only during Q2FY23

Grand-1, Panorama Hills, Summit, Shresta (Coimbatore) and Earth Whitefield accounted for 75% of revenues

❑ DM fee income up 62% YoY to Rs.181 mn

•

Driven by revenues from 9 residential DM projects; Final tranche of DM Fee from Xander (Rs.4crs) also helped.

❑ Total Expenses grew relatively lower; thus leading to improved EBITDA

•

Employee cost higher by 16% YoY but lower sequentially – down 9% from Q4FY22 levels

Other expenses (marketing costs, professional fees, admin) higher by Rs.32mn (20%) on YoY basis.

❑ EBITDA Margins at 24.5% in Q1; EBITDA more than tripled to Rs.355 Mn

❑ Overall finance cost lower by 13% YoY; Interest expenses down 21% YoY and 13% QoQ

•

Interest costs down by 21% YoY to Rs.186mn, compared to Rs.236mn in Q1FY22 and Rs.215 mn in Q4FY22

Other finance cost higher reflecting refinancing costs and impact of leasing costs of office premises (AS116)

Non-cash charge associated with 4% royalty payment to GoWB in Bengal Shriram remained flat at Rs.53mn

❑ Share of profit from JVs reflects the handover and income recognition in Park 63 – Phase 1, offset partially offset by

losses from 107 Southeast and WYTfield projects pending income recognition.

❑ Positive net earnings and turnaround momentum from Q4 last year continued Net Profit of Rs.105mn, compared to full year profit of Rs.180 mn in FY22

•

Reinforces confidence on full year earnings potential meeting expectations and investor guidance

Q1FY23 SPL Consolidated Cash Flows (Excl. DM & JV cashflows)

(In Rs Mn)

Collections

DM Income

Other Inflows

Operating Inflow

Construction

Mktg. & Admin Overheads

New Project Investments & Other Operating outflows

Q1 FY23

1,339

113

1,454

(673)

(363)

(359)

Operating Outflow

(1,395)

Cash flow from Operations

IPO Proceeds

Loan Drawls

Loan Repayment

Net flows from borrowing

Interest expense, net

Other financing cashflows

Cash flow from Financing

Net Free Cash Flow

Opening Cash & Cash Equiv. Closing Cash & Cash Equiv.

541

(977)

(436)

(195)

(593)

(534)

1,405 871

Q1 FY22

636

195

834

(475)

(272)

(51)

(798)

265

(600)

(335)

(237)

(537)

(501)

872 370

Q4 FY22

1,948

168

2,118

(1,123)

(445)

(249)

FY22

5,346

721

6,073

(3,645)

(1,329)

(213)

(1,816)

(5,217)

302

350

(2,135)

(1,785)

(152)

(1,937)

(1,636)

3,040 1,405

856

2,775

1,059

(3,349)

(2,290)

(807)

(323)

533

872 1,405

Overall Enterprise Collection Trends (SPL Own& JDA / JVs / DM

12,631

3,607

3,242

2,424

Grand Total

Key Highlights

✓ Strong liquidity continues

✓ Positive free cashflow from operation, even after

new project investment

✓ Higher construction spend in ongoing projects

fueled doubling of collections on YoY basis.

✓ Significant repayment,

including pre-payments in

the context of ongoing refinancing activities

✓ Overall Enterprise cashflows remain strong

Ongoing efforts to reduce debt and cost of debt

Gross & Net Debt Trends

6,724

494

6,558

864

6,230

5,694

4,811

1,405

4,512

871

3,407

3,641

Rs. Mn

10,000

8,000

6,000

8,047 603

4,000

7,444

2,000

Debt Equity Ratio

Cost of Debt (%)

0.7

13.0%

13.5%

14.1%

13.7%

12.5%

0.3

Mar'19

Mar'20

Mar'21

Mar'22

Q1FY23

Mar’20 Mar’21

Mar’22

Jun’22

FY19

FY20

FY21

FY22

Jun-22

Net Debt

C & CE

Gross External Debt

✓ No land funding exposure

Change in Debt Composition – Sep’21 (RHP) vs Jun’22

✓ Gross Debt mostly on construction funding at project level

✓ Committed efforts to bring down debt and cost of debt

✓ Significant efforts over last 6 months, yielding desired results

• Repaid Rs.2.0 billion using IPO proceeds

• Refinanced Rs.2.65 billion SPL debt & Rs.3.8 billion JV debt – incl. Rs.1.3 billion of refinancing under documentation

• Remarkable shift in focus towards Banks, from NBFC

✓ Increment debt (JV refinancing) raised in the 9.0-10.5% range

✓ Focus on bringing down overall cost of debt to ~12% levels

Awards & Recognitions: Q1 | FY23

Fastest Growing Developer of the Year Shriram

Properties Limited

Times Business Award, Bengaluru 2022

Developer of The year Shriram Properties Limited By The Economic Times Real Estate Awards 2022 SOUTH - Residential Project

Outlook: FY23 & Beyond

Shriram Blue Shriram Blue

Encouraging Earnings Visibility – Remainder of FY23

Project Revenues – Current status of key drivers

Projects

Current Status

Southern Crest

Occupancy Certificate (‘OC’) likely in Aug’22

Grand One

Summit

Only Sale Deeds to be registered

OC received; Registrations ongoing

Park 63 (1A & 1B)

Park63 (1A) OC already received & Park63 (1B) OC expected

• 62% of FY23 revenues to

from 4 Projects

• Rises to 83% share if

Gateway Mall included

• Excludes Bengal FSI Sale

impact, if any

DM Revenues – Current Status of key drivers

• 11 ongoing DM Projects (out of 19 in the portfolio)

• Ongoing projects likely to account for 67% of FY23 DM Income

• New Projects to add 33% of DM Income

• ~ 70% of aggregate revenues over next 3 years to come from volumes sold as of Mar’22

• ~ 60% of aggregate DM fees over next 3 years to come from projects launched already

• Nearly Rs.3 billion of FCF likely in next 3 years - Large part of target cashflows to come in FY23, on the back

of XANDER Deal closure (Aug’22) and LOGOS (H2FY23)

Strong Income Recognition Outlook (FY23-25e)

Sales Volumes (msf)

3-year cumulative sales of 10msf

3.2

3.0

3.8

FY20

FY21

FY22

Ongoing Projects – By Region (msf)

# Projects

9.8

5.6

4.3

Project Completion Trend (msf)

# units handover

2,093

2,885

2,280

~10,000

10.7

3.2

3.0

3.8

FY14-16

FY17-19

FY20-22

FY23-25e

Bangalore

Chennai

Kolkata

✓ SPL sold over 10msf in last 3 years ✓ SPL to deliver over 10msf in next 3 years, reflecting the impact of sales ramp-up in recent years ✓ Construction progress encouraging and projects mostly on track ✓ Sharp rise in handovers to result in improved revenue recognition potential over the next 3 years

Strategic Objectives & Outlook: FY23 and Beyond

❑ SPL standing firm on its growth path – proven sales and execution machine delivering strong performance

❑ Operating leverage kicking-in, on the back of scale and improving efficiency

❑ FY23 to be a promising year with strengthened long-term fundamentals, for the sector and SPL

– Markets conducive for new launches with improving outlook

– Zero inventory in completed projects; ~85% of ongoing project inventory sold already

– Opening stock (unsold inventory in ongoing projects) at ~5msf to drive sustenance sales in FY23

– Launch pipeline robust with 12 potential projects in FY23

– Strong project pipeline to support growth momentum

Strategic Objectives

❑ Sustain growth momentum: Target 20+ % CAGR in Sales over the next 2-3 years

❑ Unlock potential from Kolkata

❑ Emphasis on DM; JDA/JV to continue

❑ Sustain profitability at ~22-25% ; Positive net earnings

❑ Improve and sustain RoCE in the 10-15% range in 2 years

❑ Cautious entry into new markets – Hyderabad

Long Term Strategy and Growth Outlook

SPL Competitive Strengths

SPL Forward Strategy

Stay focused on mid- market and affordable housing

Enhanced focus on DM model

Build scale and enhance execution capabilities

Leadership in Core Markets

Focus on Mid Market and Affordable Housing

Strong Parentage and Established Partnerships

Experienced & Professional Management Team

Beneficiary of RERA-led industry consolidation

Asset Light Business Model

Demonstrated Execution Track Record

Strong Balance Sheet

Continued focus on core markets of South India

Unlock value from ongoing development project in Kolkata

Leverage established relationships with financial investors for growth funding

Growth Outlook: FY23-FY25e

Sales Volume (msf)

DM Model: New Growth Engine for SPL

Project

Development Type

Location

Project Area (Msf)

Sold Area (sft)

Status

Shriram Gateway

Commercial

Chennai

2.03

2,033,904

Completed

Blue

Apartments

Bangalore

0.71

699,465

Nearly Complete

DM Volumes (msf)

20%

19%

26%

% of Total sales volume

35%

1.05

28%

1.06

0.83

0.69

Earth (Mysore Road)

Plots

Bangalore

0.49

480,131

Nearly Complete

0.49

Suvilas Palms

Apartments

Bangalore

0.65

129,044

Under progress

Raynal Gardens

Plots

Bangalore

0.39

331,226

Nearly Complete

FY18

FY19

FY20

FY21

FY22

Elite Sai Garden

Plots

Bangalore

0.20

195,948

Nearly Complete

Chirping Grove

Villas

Bangalore

0.50

358,952

Under progress

DM Revenue (Rs. Mn.)

Westwoods

Eden-144

Plots

Bangalore

0.50

399,187

Under progress

Plots

Bangalore

0.25

140,231

Under progress

14%

% of Total Revenue

23%

1,142

20%

1,081

871

Northern Clouds

Plots

Bangalore

0.23

38,684

Under progress

571

Rainforest

Plots

Bangalore

0.50

494,115

Under progress

Divine City -1

Apartments

Chennai

2.11

684,382

Under progress

FY19

FY20

FY21

FY22

To be Launched (Bangalore/Chennai/Hyderabad)

9.26

To be launched

✓Profitable, Sustainable growth opportunity that is value accretive to LO & Developer

✓Successfully stabilised the DM Model - now account ~33% of pipeline and ~30% of Sales

✓DM Fess ranging from 10%-22% of project revenues, based on services/cost structure

✓Core DM in the 11-12% to SPL

Unlock potential from Kolkata

Project Overview & Development Strategy

❑ Integrated township in Uttarapara, Kolkata – 314 acres, 33.5 msf saleable area

❑ Focused on developing c.10msf over the next 3-5 years; and

❑ Simultaneous focus on monetising remaining land bank

Development Status Update

❑ Shriram Grand-1: (2.1msf, almost entirely sold)

– Handover commenced in some clusters; To deliver 600 units in FY23

– Construction in full swing in other clusters

❑ Shriram Sunshine: (2.3msf, launched in 3 phases)

– Already sold ~95% of Phase-1 and 26% of Phase-2 (aggregate 1msf)

❑ FSI sale progressing well; MoU with LOGOS, integral part of the strategy

LOGOS Deal – Progressing well, targeted to complete by H2FY23

❑ MoU for a potential sale of up to 90 acres of land; Due diligence underway

❑ LOGOS to develop a Logistics Park offering ~ 2.2msf

❑ Expected to generate 50,000 of local direct and indirect jobs in West Bengal

Actual image of Cluster A&B of Grand-1

Some glimpses of Cluster A & B Handover

24 Entrance of Cluster A&B of Grand-1

Investment Summary

8. Access to Capital

➢ Strategic relationships with domestic and

international financial investors

➢ Early recipient of FDI in the sector

1. Corporate Governance ➢ Shriram Group DNA and marquee investor presence for a decade contribute to strong governance and transparency practices

7. Low Leverage

➢ Well capitalized, with leverage levels of 0.3x1

6. RERA Beneficiary

➢ Well-positioned to reap benefits of RERA led

industry consolidation

➢ Built deep project pipeline

➢ Proven ability to manage partnerships

5. Scalability

➢ Asset light, highly scalable business model

➢ DM being core part of strategy

➢ Strong organisational build up in recent years

2. Trust and Brand

➢ ‘Shriram’ brand benefits from strong trust

and recall among target customers

3. Track Record

➢ Robust execution track record

➢ Delivered 32 completed projects

4. Strong Growth Outlook

➢ Visible growth pipeline with continued focus

on mid-market & affordable segment

➢ Demonstrated ability to ramp-up

➢ Core strategy unchanged – Focus on mid-

market and affordable housing in South India

___________________________________________________ Note: 1. As of June 30, 2022. Net debt calculated as (Gross debt – Cash & cash equivalents). Gross debt excluding unsecured inter-company loans (from JVs)

Some glimpses of Cluster A & B Handover

Well-positioned to navigate key challenges of the real estate industry

25 Entrance of Cluster A&B of Grand-1

Thank You

Shriram Luxor

Annexure

Shriram Greenfield

Projects Snapshot by Development Models | Ongoing Projects

Ongoing Projects(June 2022)

Own Developments

Joint Development Agreements

Joint Ventures

Development Management

Saleable Area (msf)

SPL Share (msf)

Sold Area (msf)

To be Sold (msf)

Value (Rs. Mn.)

Value of sold units

Collections from sold units

Collections to be made from sold units (A)

Estimated receipts from unsold flats (B)

Estimated receipts from sold & unsold units (A+B= C)

Costing (Rs. Mn.)

Estimated total cost (D)

Cost incurred (E)

Remaining cost to be incurred (D-E = F)

Gross Operating Cash Flows (C-F = G)

Present Borrowings (H)

Projected Net Operating Cash Flow (G-H)

Economic Interest

8.3

6.6

1.6

24,018

10,189

13,830

7,513

21,343

15,909

4,060

11,850

9,493

2,208

7,286

100%

5.9

4.7

4.5

0.2

13,719

9,399

4,320

860

5,180

7,338

6,063

1,275

3,905

2,304

1,602

6.5

4.0

2.5

14,792

9,028

5,764

13,225

18,989

Cost is borne by the landowner and doesn’t impact our cashflows

3.7

2.6

1.1

11,042

4,793

6,249

5,285

11,533

8,104

2,507

5,597

5,936

4,248

1,688

As per agreement with landowner

50% of Cash Flows

10% to 12% of Revenue

Projects Snapshot by Development Models

Own Developments

Joint Developments

Joint Ventures

Development Management

Execution Track Record

Completed ✓ 6 projects ✓ 4.7 Mn Sq. Ft.

Ongoing Projects ✓ 7 Projects ✓ 8.3 Mn Sq. Ft.

Under Pipeline ✓ 5 Projects ✓ 6.2 Mn Sq. Ft.

Completed ✓ 22 projects ✓ 10.1 Mn Sq. Ft.

Ongoing Projects ✓ 4 Projects ✓ 5.9 Mn Sq. Ft.

Under Pipeline ✓ 13 Projects ✓ 10.6 Mn Sq. Ft.

Completed ✓ 3 projects ✓ 2.1 Mn Sq. Ft.

Ongoing Projects ✓ 3 Projects ✓ 3.7 Mn Sq. Ft.

Under Pipeline ✓ 1 Project ✓ 0.8 Mn Sq. Ft.

Completed ✓ 1 project ✓ 2.0 Mn Sq. Ft.

Ongoing Projects ✓ 11 Projects ✓ 6.5 Mn Sq. Ft.

Under Pipeline ✓ 9 Projects ✓ 11.3 Mn Sq. Ft.

For further information, please contact:

Company :

Investor Relations Advisors :

Shriram Properties Limited CIN – U72200TN2000PLC044560 Mr. Vineel Naidu, General Manager – Finance & Accounts Email Id – vineel@shriramproperties.com

www.shriramproperties.com

Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. Rahul Agarwal rahul.agarwal@sgapl.net +91 98214 38864 www.sgapl.net

← All Transcripts SHRIRAMPPS Stock Page →

Further to our letter dated August 12, 2022 and pursuant to Regulation 30 read with Schedule III Part A Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find ...

Market Movers