DLF Limited

R. P. Punjani

09810655115/ punjani-rp@dlf.in

INR 52

& Rentco) ~42 msf Operational Rental portfolio ~40 msf New Products Pipeline (Devco & Rentco) ~INR 52 bn Available Inventory Organization Strong brand Focused on Safety, Sustainability & Governance

Rs 47,000 crore

conversion TOD/TDR potential cycle 2 ❑ Value enhancement from Price growth 1 New Products Rs 47,000 crore (35 msf) Development Potential 152 msf1 5 Organization Capabilities ❑ Revamped leadership, st

rs 1

ctices in our business & operations ❑ Responsible growth with resilient ecosystems Growth Drivers 1 excludes a) New Products ~ 35 msf, b) TOD/TDR Potential; The potential is based on best estimates as

20%

GandhiNagar Other Cities TOTAL Identified Pipeline of New Product Launches Balance potential ~ 20% Land Bank monetization through scaling up launches over the medium term ~ 12.5 msf projects launch

Rs 2,507 crore

OD/TDR potential 104 13 12 3 16 2 16 6 2 11 187 35 152 24 81 6 New Sale bookings: Rs 2,507 crore in the quarter; Rs 6,599 crore YTD Strong quarterly sales; sustained demand momentum Sales bookin

Rs 6,599 crore

3 16 2 16 6 2 11 187 35 152 24 81 6 New Sale bookings: Rs 2,507 crore in the quarter; Rs 6,599 crore YTD Strong quarterly sales; sustained demand momentum Sales booking trend Q-o-Q Growth: 22% ₹ 2

22%

99 crore YTD Strong quarterly sales; sustained demand momentum Sales booking trend Q-o-Q Growth: 22% ₹ 2,507 cr ₹ 2,052 cr Y-o-Y Growth: 45% ₹ 6,599 cr ₹ 4,544 cr Q2FY23 Q3FY23 9MFY22 9MFY23

₹ 2,507

ore YTD Strong quarterly sales; sustained demand momentum Sales booking trend Q-o-Q Growth: 22% ₹ 2,507 cr ₹ 2,052 cr Y-o-Y Growth: 45% ₹ 6,599 cr ₹ 4,544 cr Q2FY23 Q3FY23 9MFY22 9MFY23 Q3FY23 Hi

₹ 2,052

ng quarterly sales; sustained demand momentum Sales booking trend Q-o-Q Growth: 22% ₹ 2,507 cr ₹ 2,052 cr Y-o-Y Growth: 45% ₹ 6,599 cr ₹ 4,544 cr Q2FY23 Q3FY23 9MFY22 9MFY23 Q3FY23 Highlights: Ar

45%

ned demand momentum Sales booking trend Q-o-Q Growth: 22% ₹ 2,507 cr ₹ 2,052 cr Y-o-Y Growth: 45% ₹ 6,599 cr ₹ 4,544 cr Q2FY23 Q3FY23 9MFY22 9MFY23 Q3FY23 Highlights: Area sold ~ 1.5 msf ; 8

₹ 6,599

emand momentum Sales booking trend Q-o-Q Growth: 22% ₹ 2,507 cr ₹ 2,052 cr Y-o-Y Growth: 45% ₹ 6,599 cr ₹ 4,544 cr Q2FY23 Q3FY23 9MFY22 9MFY23 Q3FY23 Highlights: Area sold ~ 1.5 msf ; 89% + sale

₹ 4,544

um Sales booking trend Q-o-Q Growth: 22% ₹ 2,507 cr ₹ 2,052 cr Y-o-Y Growth: 45% ₹ 6,599 cr ₹ 4,544 cr Q2FY23 Q3FY23 9MFY22 9MFY23 Q3FY23 Highlights: Area sold ~ 1.5 msf ; 89% + sale bookings fro

“Net Debt = Gross Debt (IGAAP) less cash & cash equivalents 35 Development Update New Product development being ramped up & remains on track Project ~ Project Size Current Status Latest Update Downtown, Gurugram Downtown, Chennai ~12 msf ▪ Phase-II (~2 msf): construction commenced ▪ Phase-III( Mall of India): planning at advanced stages ▪ Pre-leasing(Phase-II) of 0.7 msf ~7 msf ▪ Phase I (~ 3.3 msf) under development ▪ Pre-leasing: 1.8 msf (incl.”

DLF LIMITED

1

DCCDL

1

Organization

1

Operational portfolio

1

Note

1

DCCDL

BUSINESS UPDATE 01 02 03 2 OVERVIEW : DLF Group Business Residential Apartments/Plotted/ Townships/Low-rise Offices Retail Other Business Cyber Cities/Cyber Parks/ IT SEZs/ Commercial Parks Service & Facility Management/Hospitality Track record 75 Years of experience in real estate development 150+ Real estate projects developed 330 msf+ Area developed 100 msf+ Deliveries since IPO Scale 215 msf+ Development potential (Devco & Rentco) ~42 msf Operational Rental portfolio ~40 msf New Products Pipeline (Devco & Rentco) ~INR 52 bn Available Inventory Organization Strong brand Focused on Safety, Sustainability & Governance Strong Leadership with experienced teams Strong Promoter commitment 3 Strategy Remain committed and confident in delivering our business goals

Organization

❑ Continue to scale up ❑ Continued focus on ❑ Continued focus on healthy New Product offerings growth through better cash generation yields and new products ❑ Faster scale-up while ❑ Timely delivery of on- achieving healthy margin going projects. accretion ❑ Continued de-risking by further deleveraging and improvement in debt profile ❑ Building organizational capabilities by bringing in the right talent mix ❑ Strengthening project organization commensurate with our growth plans ❑ Enhancing digital capabilities to further enhance efficiencies GOALS : | Steady Free Cash Flow Generation | Increasing ROE | Sustainable and low risk growth | 4 Growth Drivers Uniquely positioned to deliver Sustainable Growth h t w o r G ❑ Competitive advantage Low- cost, fully paid-up land bank at established locations; Potential sufficient to drive growth without additional capital outlay ❑ Growth enabler: Allows scaling up based on timing of the cycle; ❑ Value enhancement through ❑ Diversified pipeline acro

Operational portfolio

39.6 msf Gross Leasing 1.5 msf Net Debt Rating Sustainability Rs 18,394 crore ICRA AA/Stable CRISIL AA/ Stable [NCD] DLF Cyber City, Gurugram LEED for Cities & Communities in Platinum Category First developer in the world to achieve this certification

Note

1. Net Debt = Gross Debt (IGAAP) less cash & cash equivalents 35 Development Update New Product development being ramped up & remains on track Project ~ Project Size Current Status Latest Update Downtown, Gurugram Downtown, Chennai ~12 msf ▪ Phase-II (~2 msf): construction commenced ▪ Phase-III( Mall of India): planning at advanced stages ▪ Pre-leasing(Phase-II) of 0.7 msf ~7 msf ▪ Phase I (~ 3.3 msf) under development ▪ Pre-leasing: 1.8 msf (incl. hard option) TOTAL 19 msf 5.3 msf under construction 36 Development Update DLF Downtown (Block-4), Gurugram Actual Status DLF Downtown, Chennai Artist’s impression; Not an actual image Actual Status 37 DCCDL : Q3FY23 Results Revenue increased by 16% Y-o-Y due to higher rental revenues; PAT at Rs 358 crore; 27% growth ❑ Revenue at Rs 1,363 crore, Y-o-Y increase of 16% ✓ Office rentals witnessing steady growth 14% Y-o-Y; ✓ Retail revenues grew by 18% driven by sustained momentum ❑ EBITDA at Rs 1,061 crore; Y-o-Y increase of 16% ❑ PAT at Rs 358