SUNTECKNSE10 November 2022

Sunteck Realty Limited has informed the Exchange about Investor Presentation

Sunteck Realty Limited

S u n t e c k R e a l t y L t d . 5 t h F l o o r , S u n t e c k C e n t r e , 3 7 - 4 0 S u b h a s h R o a d , V i l e P a r l e ( E a s t ) , M u m b a i 4 0 0 0 5 7 . T e l : + 9 1 2 2 4 2 8 7 7 8 0 0 F a x : + 9 1 2 2 4 2 8 7 7 8 9 0 W e b s i t e : w w w . s u n t e c k i n d i a . c o m C I N : L 3 2 1 0 0 M H 1 9 8 1 P L C 0 2 5 3 4 6 E m a i l I d : c o s e c @ s u n t e c k i n d i a . c o m D a t e : 1 0 t h N o v e m b e r , 2 0 2 2 S R L / S E / 5 3 / 2 2 - 2 3 N a t i o n a l S t o c k E x c h a n g e o f I n d i a L t d E x c h a n g e P l a z a , P l o t n o . C / 1 , G B l o c k , B a n d r a - K u r l a C o m p l e x , B a n d r a ( E a s t ) , M u m b a i - 4 0 0 0 5 1 S y m b o l : S U N T E C K B S E L i m i t e d P h i r o z e J e e j e e b h o y T o w e r , D a l a l S t r e e t , M u m b a i (cid:150) 4 0 0 0 0 1 S c r i p C o d e : 5 1 2 1 7 9 S u b : I n v e s t o r P r e s e n t a t i o n o n Q 2 F Y 2 3 r e s u l t s D e a r S i r / M a d a m , P u r s u a n t t o R e g u l a t i o n 3 0 ( 6 ) o f S E B I ( L i s t i n g O b l i g a t i o n s a n d D i s c l o s u r e s R e q u i r e m e n t s ) R e g u l a t i o n s , 2 0 1 5 , p l e a s e f i n d e n c l o s e d t h e I n v e s t o r P r e s e n t a t i o n w i t h r e g a r d t o u n a u d i t e d F i n a n c i a l R e s u l t s f o r q u a r t e r a n d h a l f y e a r e n d e d 3 0 t h S e p t e m b e r , 2 0 2 2 . T h e I n v e s t o r P r e s e n t a t i o n s h a l l a l s o b e p l a c e d o n t h e C o m p a n y (cid:146) s w e b s i t e . K i n d l y t a k e t h e s a m e o n r e c o r d a n d d i s s e m i n a t e t o a l l t h e c o n c e r n e d . T h a n k i n g Y o u . F o r S u n t e c k R e a l t y L i m i t e d R a c h a n a H i n g a r a j i a C o m p a n y S e c r e t a r y E n c l : a / a Sunteck Realty Limited

Investor Presentation

Q2 & H1 FY2023

NSE: SUNTECK | BSE: 512179 | Bloomberg: SRIN: IN | Reuters: SUNT.NS / SUNT.BO

Disclaimer

By attending the meeting where this presentation is made and any additional material is provided (“Presentation”) or by reading the Presentation, you (“Recipient”), agree to be bound by the following limitations. This Presentation has been prepared on the basis of the estimates of the management of Sunteck Realty Limited (the "Company“ or “Sunteck”), for the sole and exclusive purpose of providing information to the Recipient about the Company and its business, and is not and should be construed to be, directly or indirectly, an offer and / or an invitation and / or a recommendation and / or a solicitation of an offer to buy or sell any securities of the Company in any jurisdiction, nor shall part, or all, of this Presentation form the basis of, or be relied on in connection with, any contract or binding commitment or investment decision in relation to any securities of the Company. No offering of securities of the Company will be made except by means of an offering document containing detailed information about the Company. Securities may not be offered or sold in the United States unless they are registered or exempt from registration requirements under the U.S. Securities Act of 1933, as amended. There will be no offer of securities in the United States.

The distribution of this Presentation in certain jurisdictions may be restricted by law and persons into whose possession this Presentation comes should inform themselves about and observe any such restrictions. This Presentation is strictly confidential and may not be copied, published, distributed or transmitted to any person, in whole or in part, by any medium or in any form for any purpose without the prior written consent of the Company. The information in this Presentation is being provided by the Company solely for the purposes set out herein and is subject to change without notice. Further, this Presentation does not purport to be all- inclusive or necessarily include all the information that the Recipient desires in its evaluation of the Company. The Company relies on information obtained from sources believed to be reliable but does not guarantee its accuracy or completeness.

The audited consolidated financial statements for Fiscals 2016 onwards have been prepared in accordance with Ind AS and the same for prior years have been prepared in accordance with Indian GAAP. This Presentation contains statements which may pertain to future events and expectations and therefore may constitute forward-looking statements. Any statement in this Presentation that is not a statement of historical fact shall be deemed to be a forward-looking statement, and the Recipient agrees that such statements may entail known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There can be no assurance that the results and events contemplated by the forward-looking statements contained herein will in fact occur. None of the future projections, expectations, estimates or prospects in this Presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the Presentation. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements.

The Recipient acknowledges that it shall be solely responsible for its own assessment of the market and the market position of the Company and that it shall conduct its own analysis and be solely responsible for forming its own view of the potential future performance of the business of the Company. The information contained in this Presentation is as of September 30, 2022 except as may be stated otherwise. Neither the delivery of this Presentation nor any further discussions of the Company with any of the Recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. The Company is not under any obligation to update the contents of this Presentation or inform Recipient of any changes in the affairs of the Company. The Company hereby expressly disclaims liability for any errors, inaccuracies, or omissions, and representations and warranties – express or implied, as provided within or in connection with this Presentation. Any clarifications, queries or future communication regarding the matters stated in this Presentation should be addressed to the Company directly. The information given in this Presentation in the form of pictures, artistic renders, areas, consideration, project details etc. should not be construed to be or constitute advertisements, solicitations, marketing, offer for sale, invitation to offer or invitation to acquire.The intention of this Presentation is not to sell or market the unit/s of any of the projects of the Company and is limited to only providing information to Recipient of the Presentation. Note The project elevations are for representation purposes only and are the sole property of the Company and may not be 2 reproduced, copied, projected, edited in any way without written permission from the Company. All data and project related numbers are basis revenue recognition and operational performance excl. overheads for completed, ongoing and future projects respectively

Agenda

▷ Who are we

▷ What have we achieved

▷ What we aspire for

▷ Key Numbers

▷ Risk Factors

▷ Awards

▷ Summary

Who are we

Executive Summary

▷ NSE and BSE listed organization with development focus in the Mumbai Metropolitan Region (MMR) market.

▷ One of the largest developer in the Western Suburbs of MMR from Bandra to Virar.

▷ Delivered projects worth > US$ 1 bn (~Rs 9,000 cr) GDV till date.

▷ Presently have ~52.5* mn sq ft development portfolio across 20 projects.

▷ Monetization of upcoming project portfolio to generate ~US$ 3.8 bn (~Rs 30,600 cr) of est. GDV in coming 7-8+ years.

▷ Financial discipline & steadily growing cash flows has enabled to maintain a strong balance sheet over the years.

▷ Both equity and debt utilized judiciously.

*Includes ongoing and future projects, excludes 14 completed projects, GDV – Gross Development Value

US$ 1 = ~Rs 80

Mumbai (MMR) presence One of the largest developer on Western suburbs with ~20 mn sq ft of balance launch pipeline Expanded to Eastern suburbs with ~12.1 mn sq ft of balance development

By Project Brands

By Location Volume

Company Overview Real Estate Developer with 2 Decades of Experience MMR-focus residential play and pivot from high-end luxury segment towards mid-income & affordable segment

Luxury

Mid-income

Affordable

Across segments

BKC Launched Uber Luxury Project Signature Island

BKC, Borivali E, Airoli

Signia brand launched

ODC, Goregaon W

Sunteck City brand launched

(Aspirational luxury)

Naigaon

Sunteck World brand launched

Borivali W, Vasai W, Kalyan, Vasind

Mira-Road

2006-09

2009-2010

2012-14

2018

2020-21

2022

Acquired 3 BKC plots ~1.5 msf

Acquired ~23 acres

(~6 mn sq ft+) at ODC, Goregaon West

Acquired ~150 acres (~12 mn sq ft) at Naigaon

Acquired

~23 mn sq ft

~2.5 mn sq ft

Our Brands

Premium positioning by creating different luxury brands across all the segments

Presence across the pricing spectrum from uber-luxury to affordable

Our Partnerships

Partnership with Ajay Piramal Group

- India REIT private equity invested at Signature Island in 2006 and exited at >20% IRRs within ~3 years

- 50:50 JV - Piramal Sunteck Realty Pvt. Ltd. (PSRPL) formed in 2007 to undertaken multiple projects

Partnership with Kotak Group

- Kotak Real Estate Fund (KREF) has invested in the listed entity in the past.

- KREF has done PE SPV funding at Signia Isles in 2009 and Sunteck City in 2012, and exited at >20% IRRs within ~2-4 years

Board of Directors 200+ years of combined experience across real estate, banking & finance, law & compliance

Kamal Khetan CMD

Atul Poopal Executive Director

V P Shetty Ind. Director

Mukesh Jain Ind. Director

Rachana Hingrajia Director

Chaitanya Dalal Ind. Director

Sandhya Malhotra Ind. Director

- Over 3

- Over 4

- 1st generation entrepreneur

- Close to 3 decades of experience in the Real Estate industry

Formulate corporate strategy, acquisition, execution & diversificatio n plans

decades of experience in the field of civil engineering, development regulations and project assessments

- Previous role was with MCGM

decades of experience in Banking

- Has held C&MD position in UCO, Canara and IDBI Bank.

- Recipient of “Banker of the Year- 2003” award

decades of experience in Banking, Real Estate and Insolvency

- Presently,

- Close to 2 decades of experience in corporate law compliances with Sunteck Realty

practicing law

- Company

- Alumnus of SRCC, New Delhi

Secretary of Sunteck Realty

- Practicing CA

- Over 3

decades of experience in audits including Statutory and CAG audits

- Also, teaches accountancy in colleges of Mumbai University

- Close to 2 decades of experience in corporate law compliances

- Presently,

practicing CS and law graduate

- Active

involvement in human rights and CSR matters

Shareholding Pattern

Shareholder Type

June-2022

September-2022

Promoters*

FIIs & DIIs

Others

Total

*Nil shares are pledged

67.1%

24.8%

8.1%

100.0%

67.1%

25.2%

7.7%

100.0%

▷ Market Cap - ~Rs. 5,831 crore / ~ US$ 729 million (9th November, 2022)

US$ 1 = ~Rs 80

What have we achieved

Strong land acquisition track- record, post-Lehmann crisis years (peak recession)

16 MSF

Net Debt/Equity @0.15x at the end of Q2 FY23 highlights fiscal discipline

Net Debt/Equity discipline

▷ Despite acquisitions of 38.5 mn sq ft since 2018, the leverage discipline has been maintained ▷ No compromise on financial prudence and fiscal discipline

2.00x

1.80x

1.60x

1.40x

1.20x

1.00x

0.80x

0.60x

0.40x

0.20x

0.00x

1.04x

0.89x

0.74x

0.58x

0.70x

0.75x

0.51x

➢

~38.5 mn sq ft of projects acquired since 2018 Of which, ~25.5 mn sq ft has been acquired since the onset of COVID-19 pandemic

0.17x

0.22x

0.17x

0.19x

0.15x

FY11

FY12

FY13

FY14

FY15

FY16

FY17

FY18

FY19

FY20

FY21

FY22 Q2 FY23

Business Growth along with Financial Prudence

BUSINESS GROWTH 25.5 mn sq ft of acquisition done across diverse micro- markets such as, Vasai W, Borivali W, Kalyan-Vasind, Mira Road in MMR in the luxury, mid- income and affordable residential segments.

STRONG BALANCE SHEET Gross debt stands reduced at Rs 543 cr with consolidated net- debt to equity ratio at 0.15x as of Q2 & H1 FY23.

Completed Projects 14 (residential+commercial) projects delivered worth ~Rs 9,000 crore (~US$ 1.2 bn)

Signature Island, BKC

Signia Isles, BKC

Signia Pearl, BKC

Signia High, Borivali E

Signia Oceans, Airoli

Signia Skys, Nagpur

Sig. Waterfront, Airoli

Gilbird Hill, Andheri W

S. City Avenue 1, ODC

S. City Avenue 2, ODC

Completed Commercial Projects

Sunteck Kanaka, Goa

Sunteck Center, Vile Parle E

Sunteck Grandeur, Andheri E

Completed Projects – Residential ~2 mn sq ft completed in Q1 FY23

Ongoing Projects - Residential ~4 mn sq ft of execution underway across segments

Ongoing Projects - Commercial ~4 mn sq ft of execution underway across segments

Sunteck BKC 51, BKC Jn.

Sunteck Icon, BKC Jn.

Sunteck Crest, Andheri E

Pinnacle, ODC

Key Performance Highlights (FY18 - FY22) Delivering sustainable operational growth and operating margins

Pre-sales CAGR (18-22)

~22.03%

Collections CAGR (18-22)

~18.68%

Average EBITDA Margin (18-22)

~33.51%

*Company follows project completion method of accounting

Rs 1 cr = Rs 10 mn

Operational Performance Trend Pre-sales mix & Collections efficiency

▷ Pre-sales mix has pivoted from Luxury to Mid-Income and Affordable segment. ▷ Collections Efficiency has improved to 81% in FY22 against 76% in FY21. In H1 FY23, CE stands at 92%.

12%

25%

64%

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

Healthy Pre-sales mix

15%

12%

39%

43%

46%

45%

43%

24%

27%

63%

22%

27%

47%

6% 13%

10%

40%

80%

32%

22%

19%

Collections efficiency ( C o l l e c t i o n s / P r e - s a l e s )

76%

81%

92%

55%

59%

FY16

FY17

FY18

FY19

FY20

FY21

FY22 H1 FY23

F Y1 9

F Y2 0

F Y2 1

F Y2 2

H 1 F Y2 3

Luxury

Mid-income

Aspirational

Others

All figures are in Rs. Crores

Rs 1 cr = Rs 10 mn

Embarking on the ESG Journey

Sunteck Realty Limited believes in leveraging its strengths to create sustainable spaces.

˃ We published our 1st ESG report – “Creating Sustainable Spaces – Embarking on the ESG Journey” - FY 2021-22, highlighting the performance and initiatives undertaken by us, as we embark on the journey of formalizing and strengthening our Environmental, Social and Governance (ESG) performance.

The report has been prepared in accordance with the Global Reporting Initiative (GRI) Standards: Core option. Additionally, sustainability disclosures are also aligned with the United Nations Sustainable Development Goals (SDGs) and the National Guidelines on Responsible Business Conduct (NGRBC).

Green Building Initiatives

4 (four) of our projects namely, Sunteck City 4th Avenue, ODC, Goregaon W; Sunteck Maxx World & Sunteck One World, Naigaon and Sunteck Beach Residences (SBR), Vasai have been awarded with EDGE (Excellence in Design for Greater Efficiencies) pre-certification (IFC- International Finance Corporation - The World Bank Group). Sunteck Icon and Sunteck BKC 51 commercial project at BKC Junction are due for pre-certification.

˃ We have been awarded under the category of - Most Environment-Friendly our residential project Sunteck City 4th Avenue, which is an forward move for us in the field of sustainability and environmental awareness by The Realty Plus Excellence Awards.

Residential

Space

for

What we aspire for

Embarking on Sunteck 3.0

▷ Sunteck 1.0 journey was initiated as a Business Center Operator in 2000 and after 6 years with the acquisition of the Signature Island, BKC – under Sunteck 2.0 – the company grew into a pure play RE developer with projects in BKC and ODC, Goregaon W.

▷ The salient aspects of Sunteck 3.0 are: ○ Maintain a strong balance sheet

■ Sell off our finished inventory in the next 4-5 years ■ Focus on large projects like Naigaon, Vasai, Kalyan and Borivali with low capex ■ Acquire land if opportunity is extremely compelling ■ Maintain non-recourse, muted debt levels

○ Leverage our brand and leading market position to grow the business ○ Invest in and incentivize our team

Existing Growth Engines of Sunteck 3.0

Sunteck’s strategy is to enter markets underpenetrated by organized players and bet big to realize attractive returns

2006

2012

2018

2020

2021

BKC (Luxury)

ODC (Mid-income)

Naigaon (Affordable)

Vasai W (Mid-income)

➢ Residences tapped back in 2006-2009, when looked as CBD, took huge bet and developed Uber luxury apartments via Signature Island. Doubled down and delivered luxurious apartments Signia Isles and Signia Pearl

➢ ~80% of units sold out, ~20% unsold = ~Rs 1,500+ cr

➢ The next BKC – Oshiwara District Center (ODC, Goregaon W) - ~6 mn sq ft+ by 2012

➢ Marked entry in the lucrative mid-income segment via Sunteck City Avenue projects

➢ Launch price of ~Rs 7,000-8,000/sq ft in 2013-14, current selling price is ~Rs 15,000/sq ft+

➢ Naigaon, a strategic location between Mira-Bhayandar and Vasai-Virar – ~150 acres acquired

➢ Marked entry into affordable housing for ~12 mn sq ft development in 2018

➢ 5,000+ units (1, 2 & 3 BHK) sold in 1st & 2nd ph. between 2018-2020, 3rd ph. launched (Feb-

22) - Rs 23 lakh 1BHK selling for Rs 37 lakh now within ~36 months

➢ ~50 acres acquired with a development potential of ~5 mn sq ft. Est. GDV of ~Rs 5,000

crores in the coming 6-7 years

➢ Unobstructed sea views residences offering luxurious lifestyle relative to micro-market.

Phase 1 launched in Q1 FY23 and received strong response.

Future Growth Engines of Sunteck 3.0

The launch and execution of these new growth engines will scale up the sales engine of Sunteck

2021

2022

2023

Kalyan & Vasind (Affordable)

Borivali West (Luxury)

Mira Road (Mid-income)

➢ After western suburbs, Kalyan (Shahad) and Vasind marks the entry in the eastern micro-

markets of MMR

➢ With more than ~12 mn sq ft of potential, these projects under the aspirational

luxury

segment will offer an est. GDV of ~Rs 10,000 crores in the coming 7-8 years

➢ Acquired Borivali West, a strategic location for luxurious waterfront residences in the strong

residential market of Western suburbs.

➢ Borivali West has a potential est. GDV of ~Rs 2,000 crores in the coming 4-5 years

➢ Acquired Mira Road, a prime location at Beverly Park for developing luxurious residences

along with premium retail.

➢ Mira Road has a potential est. GDV of ~Rs 3,000 crores in the coming 5-6 years

Development Potential & Launch Timelines ▷ Est. Gross Sales Visibility of ~Rs. 30,600 (~US$ 3.8 bn) crores from the 7 (six) growth engines ▷ In 2022 - Sunteck One World, Naigaon launched in Feb -2022, Sunteck Beach Residences, Vasai launched in May-2022 ▷ In the coming quarters, new sales launches from below mentioned projects are envisaged including commercial at BKC

(Sunteck Icon, Sunteck BKC 51), Andheri (Sunteck Crest) and ODC (Sunteck Pinnacle).

Projects

Project Size

Already Launched

Balance Potential

Est, Sales Visibility

Up to FY23-24 E

Beyond FY24 E

(~ mn sq ft)

(~ Rs crores)

(~ mn sq ft)

ODC, Goregaon W

Naigaon

Vasai W

Kalyan & Vasind

Borivali W

Mira Road

Others

Total

6.0

12.0

5.0

12.6

1.0

2.5

6.0

45.1

2.3

4.4

0.5

7.7

3.7

7.6

4.5

12.1

1.0

2.5

6.0

37.4

5,200

4,500

5,000

9,900

2,000

3,000

2,000

30,600

1.00

1.50

1.00

2.00

0.50

1.00

7.50

2.70

6.10

3.50

10.1

0.50

2.00

5.00

29.90

Estimates - subject to material variances due to business risks, market risks and other risks, ~-approx.

Rs 1 cr = Rs 10 mn

The ‘Sunteck’ approach to ‘Continuous Growth’

❑ ~25.5 msf acquired since the onset

of the COVID-19 pandemic.

❑ In the last 3 years, the company has

acquired ~38.5 msf.

❑ Estimated GDV of acquisitions is ~Rs.

30,600 cr (~US$ 3.8 bn).

❑ The monetization of these projects will lead to continuous growth in sales over the 7-8 years.

Project Acquisition

Sales

❑ Sunteck’s collections are growing in strong

double-digits leading operational cash flows.

Profit & Cash Flows

Execution

❑ In-house

execution

capability

ensure accelerated execution.

❑ The margins

trending are upwards driven by price growth and cost optimization.

also

SHAREHOLDER VALUE CREATION

❑ Stringent

supervision on costs & quality, drive confidence amongst customers long term - basis of demand.

~US$ 3.8 billion

Est. Gross Development Value (GDV) of upcoming project pipeline

~37 million sq ft

Across 7 projects at BKC, ODC, Naigaon, Vasai West, Kalyan- Vasind, Borivali West and Mira Road in MMR

~0.15x

One of the lowest Net Debt/Equity ratio across the sector

US$ 1 = Rs 78

Pre-sales growth multiple to improve On the back of new project launches

▷ The phase-wise launch of new projects at Vasai West, Kalyan-Vasind, Borivali West, Mira Road and new phases of existing projects such as Sunteck City ODC, Sunteck World Naigaon and Sunteck commercial projects (Sunteck Icon, Sunteck BKC 51, Sunteck Crest and Sunteck Pinnacle) could be a tailwind for sales growth.

1,800

1,022

588

FY21 All figures are in Rs. Crores. Subject to material variances due to business risks, market risks and other risks

FY23E (Target)

FY18

Rs 1 cr = Rs 10 mn

Key Numbers

Operational Performance and Financial Statements

Operational Snapshot (Quarter and Half-year)

Q2 FY23

Pre-sales (~Rs cr) 337

H1 FY23

Pre-sales (~Rs cr) 670

Q2 FY23

Collections (~Rs cr) 331

H1 FY23

Collections (~Rs cr) 616

Rs 1 cr = Rs 10 mn

Operational Performance Trend (Trailing 4 quarters)

▷ Trailing 4Q Pre-sales stands at ~Rs 1,525 cr as of Q2 & H1 FY23 ▷ Trailing 4Q Collections stands at ~Rs 1,290 cr as of Q2 & H1 FY23

Pre-sales (~Rs cr)

Collections (~Rs cr)

1,525

1,460

1,303

1,169

1,172

1,097

1,700

1,500

1,300

1,100

1,022

900

700

500

1,290

1,166

1,053

953

970

887

780

1,400 1,300 1,200 1,100 1,000 900 800 700 600 500

FY21 Q1'22 Q2'22 Q3'22

FY22 Q1'23 Q2'23

FY21 Q1'22 Q2'22 Q3'22 FY22 Q1'23 Q2'23

Rs 1 cr = Rs 10 mn

Operational Performance Trend (Quarter-wise)

Both pre-sales and collections are GROWING STRONGLY on a sequential (quarterly) as well as yearly basis

Pre-sales (~Rs cr)

Collections (~Rs cr)

600

500

400

300

200

100

333

337

349

352

272

200

176

101

503

371

500

400

300

200

100

404

321

331

270

253

207

141

285

172

FY21

FY22

FY23

FY21

FY22

FY23

Rs 1 cr = Rs 10 mn

Operational Performance (Pre-sales Segment-wise)

The pre-sales mix for the quarter is dominated by the mid-income segment contributing 83% of the total bookings. Sunteck Beach Residences (SBR) at Vasai (W) was launched in the first-quarter.

Segment

Brands

Q2 FY23 (~Rs cr)

Mid-income

Aspirational

Sunteck City, SBR

Sunteck World

Commercial

Sunteck

278

Mix (%)

83%

17%

H1 FY23 (~Rs cr)

538

Mix (%)

80%

13%

Total

337

100%

670

100%

Rs 1 cr = Rs 10 mn

Operational Performance (Collections Segment-wise)

The collections mix for the quarter is broad-based with all segments performing well.

Segment

Brands

Q2 FY23 (~Rs cr)

Luxury

Mid-income

Aspirational

Signature, Signia

Sunteck City, SBR

Sunteck World

Commercial

Sunteck

Total

198

331

Mix (%)

27%

60%

100%

H1 FY23 (~Rs cr)

109

163

314

616

Mix (%)

18%

27%

51%

100%

Rs 1 cr = Rs 10 mn

Robust operational cash flows ~ Rs 745 cr operating surplus generated in 2.5 years – used in Buss. Dev., debt reduction and adv. premium payment

~Rs 225 cr of operating cash flow surplus generated in H1 FY2023

Particulars OPERATING CASH FLOW Total Operating Cash Flow Surplus Less: Landowner / JDA cost* Less: One-time advance payment of approval premiums at 50% rebate* Net cash flow – Operating Activities

INVESTING CASH FLOW

- Business Acquisition, Interest, Dividends, Investments & Others Net cash flow – Investing Activities

FINANCING CASH FLOW

- (Repayment) / Drawdown of Loans - Finance Cost - Dividends Paid & Others Net cash flow – Financing Activities

*Part of Working Capital Changes

FY 2021

FY2022

H1 FY23

281 -30 - 251

50 50

-197 -86 -13 -297

239 -68 -202 -31

33 33

133 -74 13 46

225 -16 - 208

-39 -39

-151 -37 -21 -209

Rs 1 cr = Rs 10 mn

Strong Balance Sheet

Post FY22, consolidated gross debt has been reduced by ~Rs 150 cr+ from ~Rs 700 cr to ~Rs 543 cr.

Consolidated Net Debt to Equity stands at ~0.15x.

Rs 1 cr = Rs 10 mn

Strong Balance Sheet

In Q2 & H1 FY23, the consolidated net debt to equity is amongst the strongest at 0.15x.

Particulars

Total Debt (~Rs cr)

Less: Cash & Bank Balance

Less: Loans to JDA partners

Net Debt

Net Worth

Net Debt / Equity

Quasi-Equity and Others*

Adjusted Net Debt

Adj. Net Debt / Equity

Q2 & H1 FY23 543 89 48 410 2,813 0.15 92 502 0.18

*With effect from 9th March, 2020, Starlight Systems (I) LLP became a wholly owned subsidiary of SRL pursuant to the retirement of PDL Realty Private Limited (Retired Partner). The Retired Partner’s balance of current capital and fixed capital in the SSILLP, aggregating to ~910 mn have been converted into a loan. The said loan will be in the form of 1% secured Non-Convertible Debentures (NCDs), which will be redeemed at premium out of the future free cash flow from the specified projects only with a tenure of 20 years.

Rs 1 cr = Rs 10 mn

Key Financials

▷ In H1 FY23, Revenue from operations stood at Rs 224 cr (Rs 2,242 mn) against Rs 230 cr (Rs 2,298 mn) for H1 FY22 ▷ EBITDA for H1 FY23 stood at Rs 55 cr (Rs 552 mn) against Rs 58 cr (Rs 578 mn) for H1 FY22 ▷ EBITDA margin stood at ~25% for H1 FY23 and H1 FY22 ▷ PAT for H1 FY23 stood at Rs 27 cr (Rs 273 mn) against Rs 18 cr (Rs 183 mn) for H1 FY22

Particulars

Q2 FY23

Q1 FY23

Q2 FY22

H1 FY23

H1 FY22

FY22

Revenue from Operations

EBITDA

144

137

224

230

513

Operating Margin

12%

32%

27%

25%

19%

Net Profit

*Company follows project completion method of accounting

Rs 1 cr = Rs 10 mn

Key Financials

BALANCE SHEET – H1 FY23 (Consol)

Liabilities

Networth

Rs Cr

Assets

2,813

Receivables

Borrowings

543

Inventories

Other CL

Others

Provisions

Total

2,420

L & A

303

Cash & Bank

Others

6,084

Total

Rs Cr

247

4,690

125

944

6,084

Rs 1 cr = Rs 10 mn

Superior Credit Rating

▷ Sunteck has Top Tier Credit Profile which is a Testimonial for its Strong Fundamentals.

AA- / Positive

▷ Key Rating drivers are –

○ Healthy track record in real estate development in MMR ○ Adequate committed cash flow visibility ○ Prudent Financial Policies; Strong Credit Metrics ○ Prudent cash flow management with adoption of asset light JDA model for new projects ○ Price-Point diversity; Locational Advantage ○ Low Execution Risk

Risk Factors

▷ Impact of COVID-19 pandemic on overall economy and real estate sector in particular is still being

quantified and uncertain.

▷ Exposure to cyclicality in real estate business – the residential real estate sector have been adversely

impacted by liquidity crunch, high inventory and subdued demand conditions in the past.

▷ Cost inflation can negatively impact profitability and margins.

▷ Any other unforeseen risks related to project acquisitions, delay in launches, approval risks, delay in

execution, subdued demand, home loan risks and others.

Awards

Thank You

ir@sunteckindia.com

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