SHRIRAMPPSNSE14 November 2022

Shriram Properties Limited has informed the Exchange about Investor Presentation

Shriram Properties Limited

November 14, 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 Sir/Madam,

Sub: Investor Presentation

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

Further to our intimation on November 9, 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 on the Unaudited Financial Statements for the quarter and half year ended September 30, 2022

We request you to take the above information on record.

Thanking you.

Regards

For Shriram Properties Limited

D. Srinivasan

Company Secretary

FCS 5550

Shriram Properties Limited Q1FY23 Results Presentation Shriram Properties Limited Q2FY23 Results Presentation August 2022 1 November 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.

Shriram WYTFIELD

Industry Overview

Industry Operating Environment Positive; Housing Demand Strong

PAN India (Top 7 cities) – Key Trends

Sales

Supply

0 0 9 , 0 9

0 0 8 , 3 7

0 0 8 , 2 6

0 5 5 , 4 6

0 0 4 , 9 9

0 0 1 , 9 8

0 0 9 , 4 8

0 0 1 , 2 8

0 0 4 , 3 9

0 5 3 , 8 8

0 8 0 , 6 3

0 7 5 , 4 2

Q2CY21

Q3CY21

Q4CY21

Q1CY22

Q2CY22

Q3CY22

• Housing demand remained strong across Top-7 markets

• Supply growth robust as well; Inventory down to 21 months in Top-7 cities

• 4% QoQ drop in Bangalore & Chennai inventories; Kolkata down 9% QoQ

• Demand outlook remains strong, esp. in mid-market & affordable segments;

• Housing loan demand appear strong, impact of rising rates only modest

• Prices across Top-7 cities up by 1-2% QoQ and up 4-7% YoY

•

Input cost pressures recede, after a short-term spike in Q4FY22

KEY EMERGING TRENDS – Largely remain 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 continue to dominate the market

• Plotted developments in high demand

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

considerations. Industry consolidation impact adding further

s d n e r T y l p p u S & s e a S

s d n e r T y r o t n e v n

s t e k r a m y e K – g n a h r e v O y r o t n e v n

________________ Source: Anarock Residential Market Viewpoints – Q3 CY2022

Operational Highlights

Q2 & H1|FY23

Shriram 107 Southeast

Key Highlights & Developments

•

Operational Performance

Project Execution

Best-ever sales volume and sales value in H1FY23

•

Handed-over 700+ units, apart from 300+ plots

Back at 1.0+ run-rate, supported by launches and seasonal trends. H2 is even stronger historically

• On-track to hand-over ~2,000 units in FY23; to drive

strong income recognition

3 successful launches: 2 in Chennai & 1 in B’lore

• OC received for Southern Crest & Grand One

Sales-at-launch stood at ~34%

•

Completed Park63(1A) and Summit as well

DM Project share strong at 30% of H1 Sales

• Ongoing projects on-track, within RERA timelines

Financial Performance

Business Development & Project Pipeline

Strong Q2 performance, both QoQ and YoY − Revenues up 112% QoQ and 240% YoY

− EBITDA up 44% QoQ and 138% YoY

Impressive H1 results YoY - revenues nearly tripled; EBITDA higher by 2.6x. Net earnings 1.7x of FY22

Improved revenue recognition w/ OC at 2 projects

• Operational costs in control, supporting profitability

•

Significant progress in reduction of debt & costs

•

Satisfactory BD progress ; 2 projects added to pipeline − Project pipeline has 54 projects with ~54 msf dev. Potential

− Includes 24 msf across 26 projects in ongoing projects

− 80%+ of ongoing project area is sold already as of Sep’22 • MoU with ASK for Rs.5 bn residential RE platform

•

LOGOS deal progressing well

Xander DM for Gateway Office Complex completed – to enable cash inflows Rs.1.3 bn

Encouraging current performance; Reinforcing confidence in meeting full-year guidance

Performance Snapshot: Q2|FY23

0.5

Sales Volume (Msf*)

Sales Value (Rs. Mn.)

Collections (Rs. Mn.)

Construction (Rs. Mn.)

+52%

1.01

0.66

+39%

4,345

3,126

-3%

3,242

3,148

-1%

1,370

1,351

Q1FY23

Q2FY23

Q1FY23

Q2FY23

Q1FY23

Q2FY23

Q1FY23

Q2FY23

✓ Strong QoQ growth trends - Sales volume up 52% QoQ, supported by 2 launches

✓ DM projects accounted for 30% of volumes; Share of Plotted development at 32%

✓ Sales value up 39% QoQ to Rs. 4,345 million in Q2, compared to Rs. 3,126 million in Q1FY23

✓ Gross collections stable, on track in terms of monthly run-rates

✓ Construction spend nearly flat on QoQ basis, despite excessive monsoon/unseasonal rains

✓ Handed over 700 units; on-track for handover of ~2000 units in FY23

✓ Realisation (constructed units) higher at Rs.4,924/Sqft in Q2 (vs. Rs.4,897/Sqft in Q1 & Rs.4,622/Sqft in FY22

______________________ * Msf = Million Square Feet

KPI Half-yearly Trends : H1FY23 and FY22

Pre-Sales Volume (msf)

Sales Value (Rs. Bn.)

1.7

1.6

2.2

8,950

7,470

27%

5,874

H1FY23

H1FY22

H2FY22

H1FY23

H1FY22

H2FY22

Gross Collections (Rs. Bn.)

Construction (Rs. Bn.)

6,385

13%

5,656

6,975

2,722

2,857

3,578

H1FY23

H1FY22

H2FY22

H1FY23

H1FY22

H2FY22

Continuing growth momentum across KPIs; Business on track to meet FY expectations

3 Successful Launches during H1 FY23

H1 FY23 Launches

Type

Launch

Launch Area

Sold at launch

% sold

Park63 (2B)

New

Jun’22

534,115

56,345

Shriram Golden Acres1

Phase

Aug’22

241,646

54,804

Eden 144 – Phase 21

Phase

Sep’22

240,169

177,053

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

21%

23%

74%

34%

# of project launches

9 new projects & 3 new phases of ongoing projects

H1FY23

FY18

FY19

FY20

FY21

FY22

FY23e

Impressive Sales-at-Launch

52%

48%

35%

34%

38%

34%

FY18

FY19

FY20

FY21

FY22

H1FY23

____________________________________________________________________ * Sales-at-launch = Actual sales during first 90-days of launch; 1. 2.

Shriram Golden Acres is launched in Aug’22 and Eden 144 – Phase2 in Sep’22. Hence, the sales-at-launch is computed only up to 30- Sep 22 (lesser than 90 days) 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)

2 planned launches delayed by few weeks for approval needs, moved to Q3 FY23 8+ launches planned for H2FY23, supported by strong project pipeline

Encouraging Pricing Trends: H1FY23 realization up 5% over H2FY22

Price Increase by Project – Top Projects only

Project

Development Type

Realisation Mar’22

% Change from Sep’21

Realisation Sep’22

% change from Mar’22

SouthEast Phase 2

Apartments

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

Apartments

Park 63(1A)

Apartments

Park 63(2A)

Apartments

Grand One

Apartments

Sunshine One

Apartments

Sunshine Two

Apartments

4,294

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%

4,639

7,191

5,565

5,408

6,501

3,832

1,691

4,045

4,402

7,577

6,168

4,020

4,015

4,294

15%

11%

15%

-2%

14%

H1FY23 Increase in Average realization

H2 FY22 Increase in Average realization

Realizations Trends by Development Type (Rs/Sqft)

2 4 9 5

3 4 0 6

0 7 1

4 3 3 4

3 5 1 4

0 0 9 3

6 0 2 3

9 8 7 2

6 2 0 2

✓ SPL avg realisation up 5% in H1FY23, on top of 8% hike seen in H2FY22

Plots

Affordable

Mid-Market

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

H1FY22

H2FY22

H1FY23

✓ Industry-wide price improvement seen since Sep-Oct’21 and trend continued during H1FY23

✓ Uptrend in pricing on a half yearly timeframe seen across all our core market segments

Financial Highlights

Q2|FY23

Shriram Southern Crest

Financial Highlights: Q2 & H1|FY23

o Strong earnings growth story – 4th consecutive quarter of improvement since initial

turnaround post listing

o Impressive growth in key financial metric – both on QoQ and YoY basis

o Impact of improving operating leverage and project execution as well as rising share of

DM supporting robust financial performance

o Revenue recognition from key projects commenced in H1FY23. 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 H2 FY23.

o On track for delivering full year performance, in line with guidance

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

Financial Highlights : Profit and Loss|Q2 & H1 FY23

_________________ * Includes DM fee of INR 106 million, INR 181 million, INR 212 million, INR 286 million , INR 323 million and INR 1,043 million in Q2FY23, Q1FY23, Q2FY22, H1FY23, H1FY22 and FY22 respectively

Growth momentum continues; Business on track to meet FY expectations

Particulars (INR Mn)Q2 FY23Q1 FY23QoQ (%)Q2 FY22YoY (%)H1 FY23H1 FY22YoY (%)FY22 Revenue from operations* 2,586 1,222 112% 760 240% 3,807 1,182 222% 4,329 Other income 173 229 182 402 370 849 Total Revenues 2,758 1,451 90% 942 193% 4,209 1,552 171% 5,178 Cost of revenue 1,858 717 159% 430 332% 2,575 603 327% 1,823 Employee benefit expense 208 192 179 400 345 730 Other expenses 179 188 116 367 272 807 Total Expenses 2,245 1,096 105% 726 209% 3,342 1,221 174% 3,360 EBITDA 513 355 44% 216 138% 868 331 162% 1,818 Finance Costs 270 258 4% 343 -21% 528 639 -17% 1,199 - Interest expense 192 186 3% 288 -33% 379 524 -28% 940 - Unwinding Impact (non-cash charge) 55 53 50 108 99 205 - Other finance costs (net of finance income) 23 19 5 42 16 54 Depreciation 19 18 14 38 34 66 Profit before share of JV Income/(Loss) 224 78 186% (142) 302 (343) 552 Add: Share of profit/(loss) of JVs (42) 96 (99) 53 (184) (226)Profit Before Tax 182 174 4% (241) 355 (527) 326 Tax expense (14) 69 (9) 55 73 146 Net Profit 196 105 87% (232) 301 (600) 180 Financial Performance Highlights: Q2 | H1 FY23

❑ H1FY23 YoY Growth Impressive: Revenues more than tripled; EBITDA up 2.6x and PAT at 1.7x FY22 earnings

❑ Strong Quarterly performance in Q2 FY23, both on QoQ and YoY basis

❑ Quarterly Revenue from Operations more than tripled on YoY basis (Rs.2.6 billion vs. Rs.760 mn in Q2FY22)

•

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

Southern Crest handover commenced post OC in Sep’22

84% of Q2 revenues from Southern Crest, Grand-1, Panorama Hills, Summit and Temple Bells (Phase III)

❑ Total Revenues up 90% QoQ to Rs. 2.76 billion; reflects a growth of 193% YoY

•

DM remains a key contributor (Rs.106 mn recognised), to grow significantly with DM launches lined-up for H2

❑ Total expenses grew by 105% QoQ to Rs.2.24 billion

•

Cost of revenue grew 159% QoQ – reflects increased area of revenue recognition and project mix

Employee cost higher by 8% QoQ, reflecting impact of employee increments; Other expenses down 5% QoQ

❑ EBITDA more than doubled YoY to Rs.513mn; reflects sequential growth of 44% over Q1 levels

❑ Overall finance cost up 4% QoQ, but lower by 21% YoY

•

Interest costs down by 33% YoY to Rs.192mn (vs. Rs.288mn in Q2FY22) and up only 3% QoQ

Non-cash charge associated with royalty payment to GoWB in Bengal Shriram; Other finance cost reflect refinancing costs

❑ Share of JV Income negative - Income recognition in Park 63 Ph-1 offset by our share of refinancing costs & marketing expenses

in 107 Southeast and WYTfield projects (both 50% JVs) pending income recognition.

❑ Strong sequential earnings in Q2, building on momentum from Q1 - Rs.196mn vis-à-vis Rs.105mn in Q1FY22

Financial Highlights : Balance Sheet|H1FY23

Particulars (INR Mn)

30-Sep-22

31-Mar-22

30-Sep-21

ROCE Trends (%)

Fixed Assets

Investments and loans

Inventories

Cash and Bank Balances

Other Assets

Total Assets

Less: Liabilities*

Net Assets

Equity

Borrowings

- External Borrowings

- Inter-company borrowings (from JVs)

816

1,062

21,463

1,044

10,713

35,098

18,220

16,878

11,614

5,265

4,788

477

823

1,810

728

1,918

21,882

20,626

1,405

10,418

36,338

19,597

16,740

11,309

5,431

4,811

620

422

9,240

32,934

18,315

14,619

7,668

6,951

6,201

750

11%

10%

FY19

FY20

FY21

FY22

FY23e

ROCE : Peer Group Comparison (%)**

12%

10%

9% 9%

5% 4%

Total Equity + Borrowings _________________ * Includes customer advances, trade payables, provisions excl. borrowings ** Data from respective Company financials/presentation; H1FY23 Data annualized for all except Sobha (uses FY22 data)

16,878

14,619

16,740

Strong Balance Sheet with headroom for growth; Improving Debt Equity and ROCE

Q2FY23 SPL Consolidated Cash Flows (Excl. DM & JV cashflows)

(In Rs Mn)

Collections

DM Income

Other Inflows

Operating Inflow

Construction Spending

Marketing & Admin Costs

Other Operating flows

New Project Investments

Q1 FY23

Q2 FY23

1,339

1,390

113

1,454

(673)

(363)

(121)

(238)

253

1,664

(937)

(395)

(29)

(196)

H1 FY23

2,729

366

3,098

(1,610)

(758)

(150)

(435)

FY22

5,346

721

6,073

(3,645)

(1,329)

(36)

(207)

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

12,631

3,578

3,707

5,346

6,385

1335

2,320

2,729

3,236 554 1,343

1,339

3,148

781 977

1,390

Operating Outflow

(1,395)

(1,557)

(2,952)

(5,217)

Q1FY23

Q2FY23

H1FY23

FY22

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

971

(689)

282

(106)

(89)

173

871

1,044

145

1,512

(1,666)

(154)

(301)

(51)

(506)

(361)

1,405

1,044

856

2,775

1,059

(3,349)

(2,290)

(807)

(323)

533

872

1,405

Own/JDA

JV's

Grand Total

Key Highlights

✓ Strong liquidity continues

✓ Positive free cashflow from operation, even after

new project investment

✓ Higher construction outflow in line with execution

progress and fueling collections.

✓ 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*

Debt Equity Ratio*

Cost of Debt (%)**

Rs. Mn

10,000

8,000

6,000

8,047 603

4,000

7,444

2,000

6,724

494

6,558

864

6,230

5,694

4,811

1,405

4,788

1,044

3,407

3,744

0.7

14.1%

13.7%

13.5%

0.3

12.5%

Mar'19

Mar'20

Mar'21

Mar'22

Sep'22

Mar'20

Mar'21

Mar'22

Sep'22

FY19

FY20

FY21

FY22

H1FY23

Net Debt

C & CE

Gross External Debt

✓ No land funding exposure

✓ Gross Debt mostly on construction funding at project level

✓ Committed efforts to bring down debt & cost of debt yielding

desired results

• Repaid Rs.2.0 billion using IPO proceeds

• Refinanced Rs.1.03 billion SPL debt & Rs.3.8 billion JV debt

in H1FY23

• Remarkable shift in focus towards Banks, from NBFC

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

✓ Overall cost of debt down to 12.5%; despite rate hikes seen in

some facilities during Q2FY23

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

subject to further rate hikes at macro level

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

SEP-21

Banks 3%

Others 6%

AIF 3%

SEP-22

Others 6%

AIF 4%

Banks 39%

NBFC 51%

NBFC 88%

_________________ * SPL CFS Data; ** - Including cost of JV debt

Awards & Recognitions: Q2 | FY23

(Economic Times Awards – ET Achievers 2022)

Certified as Great Place To Work by the prestigious

body GPTW World

Residential Real Estate Project of the Year –

PARK 63

Senior Citizen Housing Project of the Year

Shriram Golden Cove

Affordable Housing Project of the Year

Shriram WYTFIELD

Affordable Housing

Project of the Year Shriram 107 Southeast

Asia Real Estate

Excellence Awards

2022

Outlook: FY23 & Beyond

Shriram Blue

Encouraging Earnings Visibility for H2FY23

FY23 Revenues: 5 projects to account for 76% of projected full year revenues* and are under control

Key Projects

Occupancy Certificate status

Sale Deed Registrations

Southern Crest

OC received in Sep’22

Grand One

Only Sale Deeds to be registered

Summit

OC received

Panorama Hills

OC received

Commenced registrations in Sep’22. Likely to be a significant contributor for H2FY23

Over 300,000 sft registered in H1FY23. Registrations to gain further momentum in H2FY23.

Registrations ongoing. On-track to achieve FY23 targets

Park 63 (JV)

Park63 (1A) OC in place & Park63 (1B) OC expected soon

Registrations for Park63 (1A) ongoing.

DM Revenues: On track for approx. Rs.1,000mn annual run-rate

✓ 12 ongoing DM Projects to contribute about 66% of FY23 DM income - 5 new planned launches in H2 to support growth

✓ 30% of H1FY23 sales from DM projects to support revenue recognition in H2FY23

✓ Plotted development contributed 32% of sales in H1FY23; 85% of plotted development sales from DM projects and

therefore, quick realisation both in terms of revenues and cashflows for H2FY23

3-year earnings outlook strong with greater visibility

✓ ~ 75% of aggregate revenues over next 3 years to come from volumes sold as of Sep’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

✓ Current year FCF to be driven by project inflows as well as Logos & Xander closure, during H2 FY23

20 _________________ * excl. likely revenues from sale of mall land and Kolkata land monetisation

Strong Income Recognition Outlook (FY23-25e)

Sales Volumes (msf)

3-year cumulative sales of 10msf

3.8

3.2

3.0

FY20

FY21

FY22

Ongoing Projects – By Region (msf)

# Projects

9.0

5.6

4.3

Bangalore

Chennai

Kolkata

Likely to handover ~2,000 units in FY23; Already handed over 700+ constructed units in H1FY23

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

✓ SPL to complete & deliver 10+ msf in next 3 years; Largely reflecting sales ramp-up in last 3 years (SPL sold over 10 msf in 3 years) ✓ Construction progress encouraging and projects mostly on track ✓ Sharp rise in handovers to improve revenue recognition potential over the next 3 years ✓ Nearly 2,000 units to be handed over in FY23

Strategic Objectives & Outlook: FY23 and Beyond

❑ SPL continues to demonstrate its growth momentum delivering strong performance

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

❑ FY23 on track 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; ~80% of ongoing project inventory sold already

– Launch pipeline robust with 9 potential projects in H2FY23; 3 projects successfully launched till Sep’22

– 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)

7.0

5.5

3.6

3.2

3.0

2.4

4.5

3.8

1.3

0.7

FY16

FY17

FY18

FY19

FY20

FY21

FY22

FY23E

FY24E

FY25E

Sustainable growth, supported by strong project pipeline

Project Pipeline Update – Sep’22

Pipeline – June’22

Less: Projects Completed

Add: Project Additions

Pipeline –Sep’22

# projects

(1)

Msf

53.3

(0.6)

1.1

53.8

Ongoing – 24 msf

9.0

8.3

Project Pipeline (msf)

Upcoming Projects – 30 msf

10.3

53.8

11.2

0.3

0.9

2.2

5.3

6.6

Ongoing Owned

Ongoing JV / JDA

Ongoing DM

PuD Owned

PuD JV / JDA

PuD DM

FC Owned

FC JV / JDA

FC DM

Total

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

Pipeline – By Region

Pipeline – By Development Type

17%

22%

45%

33%

29%

✓ Southern Crest – 1 (Towers A,B & C) moved to COMPLETED

✓ Added 2 new projects – with aggregate saleable area of 1.1 msf

✓ Overall pipeline impressive; 54 projects with 54 msf potential

✓ 24 msf ongoing and 30 msf upcoming projects

16%

30%

Bangalore

Kolkata

Chennai

Others

Own

JDA

Thrust on DM Model as New Growth Engine Paying Off

Project

Development Type

Location

Project Area (msf)

Sold Area (msf)

Status

DM Volumes (msf)

Shriram Gateway

Commercial

Chennai

Blue

Apartments

Bangalore

Earth (Mysore Road)

Plots

Bangalore

Suvilas Palms

Apartments

Bangalore

Raynal Gardens

Elite Sai Garden

Chirping Grove

Westwoods

Eden-144

Northern Clouds

Rainforest

Divine City -1

Plots

Bangalore

Plots

Bangalore

Villas

Bangalore

Plots

Bangalore

Plots

Bangalore

Plots

Bangalore

Plots

Bangalore

Apartments

Chennai

Eden 144 (Phase -2)

Plots

Bangalore

2.03

0.71

0.49

0.65

0.39

0.20

0.50

0.25

0.23

0.50

2.11

0.24

22.03

Completed

20%

19%

26%

% of Total sales volume

35%

1.05

28%

1.06

0.70

0.48

0.13

0.33

Nearly Complete

0.49

0.83

0.69

Under progress

Nearly Complete

0.20

Nearly Complete

FY18

FY19

FY20

FY21

FY22

0.36

0.40

0.14

0.04

0.49

0.68

0.18

Under progress

DM Revenue (Rs. Mn.)

14%

23%

20%

% of Total Revenue

1,142

1,081

871

571

To be launched (Bangalore/Chennai/Hyderabad)

11.11

To be launched

FY19

FY20

FY21

FY22

✓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

✓Core DM in the 11-12% to SPL

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

Strategies for Unlocking Potential from Kolkata Progressing Well

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

Development Strategy

Own development of c.10msf over next 3-5 years

Monetising remaining land bank c.22msf

Development Status Update

Monetisation Update

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

– Handover progressing in some clusters; To deliver 600

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

units in FY23

– Construction in full swing in other clusters

LOGOS Deal – Progressing well, Expected to complete in H2FY23

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

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

– Already sold ~98% of Phase-1 and 43% of Phase-2

❑ Deal at an advanced stage

(aggregate 1.05msf)

❑ Upcoming : ~5.5msf to be launched over next 3 years

❑ LOGOS to develop a Logistics Park offering ~ 2.2msf

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

West Bengal

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 33 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 September 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

27 Entrance of Cluster A&B of Grand-1

Thank You

Shriram Luxor Shriram Chirping Woods

Annexure

Shriram Summit

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

8.2

6.9

1.3

25,456

11,537

13,919

6,122

20,041

15,909

4,561

11,348

8,693

2,623

6,070

100%

5.4

4.2

4.1

0.1

11,030

7,017

4,013

418

4,431

6,021

4,966

1,055

3,376

2,164

1,212

6.5

4.4

2.2

16,099

9,745

6,354

12,162

18,516

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

3.7

2.7

1.0

11,907

5,300

6,607

4,440

11,047

8,104

2,847

5,257

5,790

4,047

1,743

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 ✓ 7 Projects ✓ 7.4 Mn Sq. Ft.

Completed ✓ 23 projects ✓ 10.7 Mn Sq. Ft.

Ongoing Projects ✓ 4 Projects ✓ 5.3 Mn Sq. Ft.

Under Pipeline ✓ 12 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 ✓ 12 Projects ✓ 6.6 Mn Sq. Ft.

Under Pipeline ✓ 8 Projects ✓ 11.1 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

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