SOBHANSE7 February 2023

Sobha Limited has informed the Exchange about Investor Presentation

Sobha Limited

... -S O BHA

PASSION AT WORK

Date: February 07, 2023

To The Deputy Manager Department of Corporate Services BSE Limited PJ Towers, Dalal Street Mumbai - 400 001 Scrip Code: 532784

Dear Sir / Madam,

To The Manager The National Stock Exchange of India Limited Exchange Plaza, Plot No C/ 1, G Block Bandra Kurla Complex Mumbai - 400 051 Scrip Code: SOBHA

Sub: Investor Presentation on the unaudited financial results for the quarter ended December 31, 2022.

Please find attached the Investor Presentation on the Operations and unaudited Financial Results of the Company for the quarter ended December 31, 2022 in terms of Regulation 46 of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015.

Kindly take the aforesaid information on record in compliance of SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015 .

Yours sincerely,

FOR SOBHA LIMITED

VIGHNESHW AR G BHAT COMPANY SECRETARY AND COMPLIANCE OFFICER MEMBERSHIP NO.: 16651

SOBHA LIM ITED REGO & CORPORATE OFFICE: 'SOBHA', SARJAPUR - MARATHAHALLI OUTER RING ROAD, BELLANDUR POST, BANGALORE- 560 103, INDIA CIN: L4520 I KAI 995 PLC0 18475 I TEL: +9 1-80-49320000 I FAX: +9180 493204441 www.sobha.com

... • SOBHA

Artistic Impression of SOBHA Waterfront, Hyderabad

PASSION AT WORK

Investor Presentation December 2022

SOBHA: Leading through excellence, scale and innovation

Established on a solid footing ‣ Bangalore headquartered Real Estate & Construction firm with 27 years of

experience in delivering international quality residential homes and commercial spaces across India

‣ Founded in 1995 with a vision “To transform the way people perceive Quality“ by Mr. PNC Menon, after building a 19-year legacy of building palaces for royalty

‣ Residential Real Estate focused enterprise with growth-oriented businesses

‣ Real estate: Residential; Retail ‣ Contracting: Institutional; Commercial ‣ Manufacturing: Glazing & Metal Works; Interiors; Concrete Products ‣ Retail: Restoplus Mattresses; metercube (furniture & furnishings)

Consistent delivery at scale ‣ 123.71 mn sft completed in 517 projects till date across 27 cities in 14

states: Real estate in 11 cities and Contractual in 26 cities

‣ Delivery run rate of 5 mn sft per year in the past five years with 37.65

mn sft currently under development

No. of Projects

Area (Mn sft)

No. of Cities

Real Estate

Contractual

66.41

32.85

57.30

4.80

181

336

Completed

Ongoing

Completed

Ongoing

‣ Process-driven with ISO 9001:2008 / 14001:2004 certification Self-reliant execution capability ‣ Unique backward integration model

‣ In-house design-to-delivery capabilities ‣ Four manufacturing units spread over 25 acres ‣ 3,300+ professionals and 8,000+ technician workforce ‣ SOBHA Academy for training construction professionals & technicians

Trusted, recognized and evolving ‣ ‘Passion at work’ reflected in consistent recognition for Business excellence, Leadership, Sustainability & CSR with 230 awards

‣ ‘Devotion at work’ is our CSR philosophy focused on comprehensive

and sustainable social empowerment ‣ IPO in Dec 2006 oversubscribed 126x ‣ ICRA rating of A+; India Rating (Ind-Ra) of AA- (Stable)

Data as of 31st Dec 2022

PASSION AT WORK

Contents

Cashflow

Sales Performance

Financials & Operations

Project Updates

PASSION AT WORK

Quarterly Cashflow Highlights – Q3 FY 2023; Highest ever cash inflow

‣ Total Collections in Q3-FY 2023 improved by 32.9% compared to Q3-

FY22 to Rs. 14.07 bn, and 5.4% compared to Q2-FY23

• Real Estate contribution was Rs. 11.57 bn, highest ever

collections led by record new sales and consistent construction milestone achievements

• Contracts & manufacturing collections was also consistent at Rs.

2.50 bn, up by 14.3% compared to Q3-FY22

Total Operational Cash Inflow

Real Estate Cash Inflow

14.07

33%

10.59

11.57

38%

8.40

Rs Billion

‣ Real Estate outflows was Rs. 5.01 bn, up by 59.6% compared to Q3-

Q3-22

Q3-23

Q3-22

Q3-23

FY22; Increased spends helped us expedite milestone based

collections in ongoing projects and complete projects for handover

‣ Net Operating cashflows was at Rs. 2.86 bn, an increase of 39.0% YoY

‣ Achieved Net Cashflow of Rs. 1.20 bn for the quarter post land related

payments of Rs. 0.74 bn

‣ Net debt reduced to Rs. 17.69 bn from Rs. 18.89 bn in Q2-FY23

Net Operational Cashflow

Net Cashflow

2.86

39%

2.06

1.23

-3%

1.20

‣ Net Debt to Equity reduced to 0.72 from 0.77 in Q2-FY23

Q3-22

Q3-23

Q3-22

Q3-23

PASSION AT WORK

Cashflow Highlights – 9M FY 2023; Highest ever net operational cashflow

‣ Total Collections for 9M-FY23 was highest ever for the comparative

Total Operational Cash Inflow

Real Estate Cash Inflow

period at Rs. 38.60 bn, up by 43.4% compared to 9M-FY22.

38.60

‣ Real Estate collections improved by 48.0% to Rs. 31.27 bn

43%

26.91

31.27

48%

21.12

Rs Billion

‣ Contracts & manufacturing collections was Rs. 7.33 bn, improved

by 26.6% compared to 9M-FY23

‣ During the period our construction activities increased significantly,

reflected in higher real estate outflows of Rs. 13.41 bn, an increase of

9M-22

9M-23

9M-22

9M-23

63.8% from 9M-FY22 outflows of Rs. 8.19 bn

Net Operational Cashflow

Net Cashflow

‣ Disciplined approach to cashflow management has helped us achieve

8.25

Net Operational Cashflows of Rs. 8.25 bn, improvement by 61.2%

over same period last year 9M-FY22

61%

5.12

‣ In 9M-FY23 net cashflow achieved at Rs. 5.68 bn is higher than the

net cashflow of entire FY-22

5.68

187%

1.98

9M-22

9M-23

9M-22

9M-23

PASSION AT WORK

Cashflow Statement – Q3 FY 2023 & 9M FY 2023

Particulars

Operational cash inflows

Real Estate Operations

Contractual & Manufacturing

Total Operational cash inflow (A)

Operational cash outflows

Real Estate project outflow

Joint Development Partner payments

Contracts and Manufacturing

Statutory Dues

Facilities management related outflow

Overheads

Advertising & Marketing

CSR / Donation

Q3-23

Q3-22

Q2-23

9M-23

9M-22

FY-22

Rs Million

11,571

2,500

14,071

8,402

2,187

10,589

10,817

2,534

13,350

5,009

2,170

2,650

402

194

433

329

3,138

2,110

2,075

346

165

371

295

4,530

1,607

2,523

303

131

343

307

31,271

7,327

38,597

13,408

5,418

7,776

1,022

454

1,239

922

112

21,124

5,787

26,911

8,187

4,905

5,350

1,105

481

1,037

645

31,728

8,094

39,821

11,653

6,770

7,632

1,507

758

1,384

913

121

Total Operational cash outflow (B)

11,212

8,532

9,798

30,350

21,795

30,738

Net Operational Cashflow: (C=A - B)

2,859

2,057

3,552

8,247

5,116

9,083

PASSION AT WORK

Cashflow Statement – Q3 FY 2023 & 9M FY 2023…continued

Q3-23

Q3-22

Q2-23

9M-23

9M-22

FY-22

Rs Million

Particulars

Financial & Tax Outflows

Finance outflow

Dividend

Income Tax

Total Financial & Tax Outflows (D)

528

318

846

729

121

850

Net Cashflow after Financial & Tax Outflow : (E = C - D)

2,013

1,207

Capital Outflows

Net Land Payments / JD deposits

Capex

Total Capital Outflow (F)

Total Cash Inflow: (A)

Total Cash Outflow: (G = B + D + F)

Free Cashflow: (A - G)

744

815

14,071

12,872

1,199

(51)

(27)

10,589

9,355

1,234

PASSION AT WORK

534

257

422

1,213

2,339

128

13,350

11,139

2,211

1,591

257

1,032

2,880

5,367

(513)

198

(315)

38,597

32,915

5,682

2,232

2,850

332

336

2,900

2,216

224

234

26,911

24,928

1,983

332

491

3,672

5,411

(94)

349

255

39,821

34,665

5,156

Net Debt has reduced by Rs. 12.81 bn in last nine quarters, from internal accruals

1.32

30.50

1.31

29.75

1.25

28.52

1.23

28.17

1.19

27.78

1.11

26.54

0.97

23.37

0.87

21.10

0.77

18.89

0.72

17.69

1.40

1.20

1.00

0.80

0.60

0.40

0.20

0.00

Q2-21

Q3-21

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Net Debt (Rs Bn)

D/E Ratio

Rs Billion

Particulars

30-Sep-20 31-Dec-20 31-Mar-21 30-June-21 30-Sept-21 31-Dec-21 31-Mar-22 30-Jun-22 30-Sep-22 31-Dec-22

Gross Debt

31.56

31.34

30.62

30.21

29.33

28.04

25.33

22.00

22.10

20.07

Less: Cash & equivalents

1.06

1.59

2.10

2.04

1.55

1.50

1.96

0.90

3.22

2.39

Net Debt

30.50

29.75

28.52

28.17

27.78

26.54

23.37

21.10

18.89

17.69

PASSION AT WORK

9.00%

8.00%

7.00%

6.00%

5.00%

4.00%

3.00%

Borrowing Cost is managed efficiently in increasing interest rate regime

10.00%

9.32%

9.17%

9.04%

8.98%

Marginal increase in cost of debt despite 225 basis points increase in repo rates in 2022

8.85%

8.65%

8.40%

8.45%

8.57%

8.81%

5.90%

6.25%

4.90%

4.00%

Q2-21

4.00%

Q3-21

4.00%

Q4-21

4.00%

Q1-22

4.00%

Q2-22

4.00%

Q3-22

4.00%

Q4-22

Q1-23

Q2-23

Q3-23

Repo rate

SL Borrowing cost

Quarterly Finance Outflows

Rs. Million

Q2-21

Q3-21

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

655

824

875

732

722

729

618

529

534

528

PASSION AT WORK

Residential Real Estate Portfolio: Projected Cashflow as on 31st December 2022

Particulars

Total Saleable area

Sobha’s share of Saleable area

Total area sold till 31st December 2022

Unsold area as on 31st December 2022

Balance cost to complete as on 31st December 2022

Outstanding receivables + Balance to be billed & collected on sold units* + Refundable deposit

Sales value of unsold stock ^

Marginal Cashflow

Highlights: 1. Completed and unsold inventory stands at 0.12 million sft

Completed - with unsold inventory

Ongoing - Area offered for sale

Ongoing - Area not offered for sale

16.98

15.75

15.64

0.12

2.38

0.89

0.73

-0.77

20.17

19.41

15.28

4.13

54.88

56.79

32.54

34.44

7.00

6.99

0.00

6.99

28.66

1.14

52.21

24.69

Total

44.15

42.16

30.92

11.24

85.92

58.81

85.47

58.36

Unit

Mn sft

Rs. Bn

2. Balance receivables of Rs. 57.68 billion from sold units, completely covers the balance cost of Rs. 57.26 bn to complete the ongoing projects offered for sale

* All reported futures cash inflows are net of JD partner payments

^ Unsold area sale value is based on latest sales price in the respective projects; Sobha’s share is only considered

PASSION AT WORK

Contents

Cashflow

Sales Performance

Financials & Operations

Project Updates

PASSION AT WORK

Historic best quarterly sales performance in Q3 FY 2023, in volume, value and price

Quarter Sales Highlights

Total Sales Volume (Mn sft)

‣ Achieved highest ever quarterly sales volume of 1.48 mn sft, best average

price realization of Rs. 9,653/sft and highest sales value of Rs. 14.25 bn

‣ Consistent quarterly sales volume of over 1.3 mn sft for past 6 quarters

‣ NCR contributed 23.9% to volume and 35.4% to sale value for the quarter,

aided by release of four new towers in Sobha City, Gurgaon. Bangalore has

contributed to 60.3% of the volume and has remained steady. Kerala, GIFT

City and other regions continued to be consistent

‣ Strong demand for SOBHA homes across all locations with incremental price

hikes, higher contribution of NCR region has resulted in improvement of

quarterly average price realization by 10.8% compared to Q2-FY23 and

21.9% compared to Q3-FY22. Average price realization for 9M-FY23 is Rs.

8,951 / sft, up by 13.6% over entire FY22

‣ Integrated and centralized marketing approach is resulting in enhanced

customer experience and sales effectiveness

PASSION AT WORK

3.57

17%

4.17

1.32

12%

1.48

Q3-22

Q3-23

9M-22

9M-23

Average Price Realization (Rs / sft)

9,653

22%

7,920

7,739

16%

8,952

Q3-22

Q3-23

9M-22

9M-23

Real Estate Sales Performance – Q3 FY 2023

Sobha’s share of quarterly sales value at highest ever; crossed Rs. 1,000 Crore milestone for first time

Area Sold

(Sft)

890,296

352,583

129,647

60,542

33,394

9,457

Region

Bangalore NCR Kerala* GIFT City Tamil Nadu* Pune

Total

60.3%

Total Sales Value

(Rs. Mn)

Sobha Share of Sales Value

Average Price Realization

(Rs. Mn)

(Rs. / Sft)

7,248

5,037

1,177

462

214

108

6,061

3,286

995

462

201

108

8,141

14,287

9,079

7,630

6,418

11,407

9,653

1,475,920

14,247

11,112

Region-wise distribution of volume

Total Sales Value (Rs. Bn)

14.25

36%

10.48

Q3-22

Q3-23

Sales Value - Sobha's share (Rs. Bn)

9.08

22%

11.11

23.9%

8.8%

4.1%

2.3%

Bangalore

NCR

Kerala

GIFT City

Tamil Nadu

*Kerala includes Kochi, Thrissur, Calicut and Trivandrum ; Tamil Nadu includes Chennai and Coimbatore

PASSION AT WORK

0.6%

Pune

Q3-22

Q3-23

Real Estate Sales Performance – 9M FY 2023

35% growth in sales value; ~17% growth in sales volume compared to 9M-FY22

Region

Bangalore

NCR

Kerala*

GIFT City

Tamil Nadu*

Pune

Total

71.6%

Area Sold

(Sft)

2,987,837

592,942

261,787

153,403

129,145

46,344

Total Sales Value

(Rs. Mn)

24,909

7,725

2,307

1,137

739

526

4,171,459

37,344

Sobha Share of Sales Value

Total Average Price Realization

(Rs. Mn)

20,907

5,200

1,746

1,137

722

526

30,239

(Rs. / Sft)

8,337

13,028

8,813

7,413

5,726

11,349

8,952

Region-wise distribution of volume

Total Sales Value (Rs. Bn)

37.34

35%

27.61

9M-22

9M-23

Sales Value - Sobha's share (Rs. Bn)

23.33

30%

30.24

14.2%

6.3%

3.7%

3.1%

Bangalore

NCR

Kerala

GIFT City

Tamil Nadu

*Kerala includes Kochi, Thrissur, Calicut and Trivandrum ; Tamil Nadu includes Chennai and Coimbatore

PASSION AT WORK

1.1%

Pune

9M-22

9M-23

Steady Sales Performance with improved value in past nine quarters

Quarterly Sales Volume (Mn sft)

1.34

1.35

1.32

1.34

1.36

1.34

1.48

0.90

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Quarterly Sales Value (Rs. Mn)

10,720

10,302

10,475

11,096

11,455

11,642

14,247

6,829

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

PASSION AT WORK

Sales Value classification (Q3 & 9M FY 2023) - Price Band & Region Wise

Price band wise contribution to sales value

Q3 – FY23

Rs 2 - 3 Cr. 6%

< Rs 1 Cr. 17%

Rs 2 - 3 Cr. 11%

9M – FY23

> Rs 3 Cr. 39%

Rs 1 - 2 Cr. 41%

< Rs 1 Cr. 23%

> Rs 3 Cr. 25%

Rs 1 - 2 Cr. 38%

Region

Bangalore NCR Kerala* GIFT City Tamil Nadu* Pune Total

Region wise contribution to sales value

Q3-FY23

9M-FY23

Sale Value Rs. Mn 7,248

Contribution % 51%

Sale Value Rs. Mn 24,909

Contribution % 67%

5,037

1,177

462

214

108

14,247

35%

100%

7,725

2,307

1,137

739

526

37,344

21%

100%

*Kerala includes Kochi, Thrissur, Calicut and Trivandrum ; Tamil Nadu includes Chennai and Coimbatore

PASSION AT WORK

•

Luxury segment (> Rs 3 Cr.) contribution has

grown from 6% in 9M-FY22 to 25% in 9M-FY23 -

in line with our adaptation to bigger sized units,

thereby increasing the ticket sizes

• Major contributors to this segment are all

recently launched projects and inventory –

Sobha Insignia, Sobha Royal Crest, Sobha Victoria

Park, Sobha City Gurgaon, Sobha Gardenia

•

Contribution from this segment in Q3-FY23 was

45%, mainly on account of successful sales

achieved from new tower launches at Sobha City

Gurgaon, which has contributed Rs. 4.7 bn

• Mid-Luxury segment (Rs 1 Cr. – Rs. 2 Cr.)

contribute most to the sales value at ~40%

•

Dream Series products with ticket size less Rs.

One crore continue to do well with increasing

price realizations

Buyer Profile (12 months rolling)

Business/Entrepreneur, 9%

Others, 14%

Profession wise

Age wise

>51 Years 18%

21-30 Years 14%

Medical/Pharma, 3%

41-50 Years 26%

31-40 Years 42%

Non IT Professional, 20%

IT/ITES Professional, 52%

Indian

91%

Indian – NRI split

~50% contribution from Technology professionals continues to be steady

NRI

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

PASSION AT WORK

Large & diversified existing customer base across cities has created a virtuous effect on our brand

Customers in age group of 27-50 years have been the bedrock of steady demand

Inventory Visibility – Ongoing and Forthcoming Real Estate Projects

Forthcoming Projects

Total Residential Inventory – Ongoing and Forthcoming

Location

No of Projects

Total Saleable Area (Mn sft)

Inventory Type

Residential

Unsold Area - Completed projects

Bangalore Hosur

Chennai

NCR

GIFT City

Hyderabad

Trivandrum

Sub Total

Bangalore

Thrissur

NCR

Commercial

6.88

1.31

0.21

1.75

0.77

0.65

0.44

12.03

0.29

0.03

0.55

Sub Total Grand Total Note: Saleable / Leasable area for forthcoming projects may vary based on approvals

12.90

0.87

PASSION AT WORK

Unsold Area - Ongoing projects - offered for sale

Unsold area - Ongoing projects - not offered for sale

Forthcoming projects

Total inventory visibility

Mn sft

0.12

4.13

6.99

12.03

23.27

• Unsold area in completed projects is one of the lowest in industry

•

Forthcoming projects are at various stages of design and approvals

Investments in new projects, incremental allocation of capital for

consolidation of existing land bank to strengthen the pipeline

Contents

Cashflow

Sales Performance

Financials & Operations

Project Updates

PASSION AT WORK

Financial & Operational Highlights – Q3 FY 2023

‣ The total revenue for Q3-FY23 is Rs. 8.98 bn, up by 30.0% compared to Q2-

FY23 and 28.3% compared to Q3-FY22

‣ Real estate business contributed Rs. 6.74 bn (75.0% of overall revenue)

7.00

Total Income (Rs. Bn)

Real Estate Income (Rs. Bn)

8.98

6.74

4.59

‣ Contractual & Manufacturing businesses clocked Rs. 1.95 bn (21.7% of total revenue)

‣ We have handed over 619 units comprising 1.06 mn sft of saleable area in Q3-

FY23; out of which 67.8% was in Bangalore, 26.2% in NCR

‣ Manufacturing revenue generated from external business was Rs. 1.13 bn, up

Q3-22

Q3-23

Q3-22

Q3-23

by 79.4% from Q3-FY22 and 34.2% compared to Q2-FY23

PBT (Rs. Bn)

PAT (Rs. Bn)

‣ Achieved EBITDA of Rs. 1.19 bn with a margin of 13.2%

‣ PAT of Rs. 0.32 bn which is 100% growth over previous quarter Q2-FY23

0.81

‣ Completed projects amounting to 1.16 mn sft saleable area in Q3-FY23

0.61

0.35

0.32

Q3-22

Q3-23

Q3-22

Q3-23

PASSION AT WORK

Financial & Operational Highlights – 9M FY 2023

‣ Total revenue for 9M-FY23 is at Rs. 21.62 bn, up by 13.7% from 9M-FY22

‣ Real estate revenue was Rs. 15.68 bn, increased 18.5% from 9M-FY22

‣ We handed over 1,149 units comprising SBA of 1.95 mn sft, which is up

by 28.8% compared to 9M-FY22. Increase in capital allocation to

construction activities have helped improve handovers significantly

‣ Contractual & Manufacturing revenue was Rs. 5.32 bn; Collections for

9M-FY23 was Rs. 7.33 bn up by 35.5% compared to 9M-FY23

Total Income (Rs. Bn)

Real Estate Income (Rs. Bn)

19.01

21.62

13.23

15.68

9M-22

9M-23

9M-22

9M-23

‣ Manufacturing business generated revenue of Rs. 2.76 bn, up by 57.9%

PBT (Rs. Bn)

PAT (Rs. Bn)

compared to 9M-FY22

‣ EBITDA for the 9M-FY23 was at Rs. 3.16 bn with a margin of 14.6%

2.12

‣ Balance revenue to be recognized is Rs. 95.22 billion from sold

residential units till 31.12.2022

1.57

0.78

0.53

9M-22

9M-23

9M-22

9M-23

PASSION AT WORK

Profit & Loss Statement – Q3 FY 2023

Particulars

Real Estate Revenue

Contractual & Manufacturing Revenue

Other Income

Total Income

Total Expenditure

EBIDTA

EBIDTA Margin

Depreciation

Finance Expenses

Profit Before Tax

PBT Margin

Tax Expenses

PAT after share of associates

Other comprehensive income (net of taxes)

Net Profit

Net Profit Margin

Q3-23

Q3-22

Q2-23

6,735

1,946

298

8,980

7,794

1,186

13%

174

660

352

318

4,589

2,133

277

6,999

5,221

1,778

25%

180

788

810

12%

202

609

614

4,484

2,216

205

6,906

5,752

1,153

17%

179

631

343

152

192

(33)

159

9M-23

15,681

5,321

621

21,623

18,464

3,159

15%

500

1,879

781

224

557

(25)

532

9M-22

13,233

5,276

505

19,015

13,957

5,058

27%

539

2,401

2,118

11%

529

1,589

(18)

1,571

Rs Million

FY-22

18,437

7,176

839

26,453

20,284

6,169

23%

719

3,083

2,367

634

1,732

(9)

1,723

PASSION AT WORK

Consolidated Balance Sheet as on 31-Dec-2022

ASSETS Non-current Assets

Property, Plant and equipment Investment Property Investment Property under construction Intangible assets Right of use assets

Financial Assets Investments Trade Receivables Other Non-current financial assets Other non-current assets Current tax assets (net) Deferred tax assets (net)

TOTAL (A) Current Assets Inventories Financial Assets Trade receivables Cash and cash equivalents Bank balance other than Cash Other Current financial assets Other Current Assets TOTAL (B) TOTAL ASSETS (A + B)

PASSION AT WORK

31-Dec-22

31-Dec-21

4,104 4,460 68 240 108

1,149 821 1,594 3,364 289 39 16,236

4,227 3,659 765 228 156

1,143 686 1,345 3,715 98 125 16,145

85,373

76,382

1,566 2,888 757 5,187 11,587 107,358 123,595

3,713 952 359 5,133 12,720 99,259 115,403

EQUITY & LIABILITIES Equity

Equity Share Capital Other Equity Total Equity (C)

Non-Current Liabilities Financial Liabilities Borrowings Lease liabilities Provisions TOTAL

Current Liabilities Financial Liabilities Borrowings Lease liabilities Trade payables Other Current financial liabilities Other current liabilities Liabilities for current tax (net) Provisions

TOTAL Total Liabilities (D) TOTAL EQUITY & LIABILITIES (C + D)

Rs Million

31-Dec-22

31-Dec-21

948 23,528 24,477

948 23,129 24,078

8,013 187 205 8,405

12,059 48 5,356 9,482 63,588 - 179 90,712 99,117 123,594

3,119 194 177 3,489

24,174 61 4,475 5,937 52,797 242 150 87,836 91,325 115,403

Contracts Portfolio & Operational Overview – 9M FY 2023

Revenue & Collection

Rs Billion

Particulars

Revenue

Contracts

Manufacturing

Collections

Contracts

Manufacturing

Total

9M - FY23

9M - FY22

2.47

2.85

5.32

3.97

3.36

7.33

3.48

1.80

5.28

3.61

1.80

5.41

Ongoing projects location-wise (31st Dec 2022)

Location

No. of projects

Built-up area (Mn sft)

Bangalore

Nagpur

Haryana

Total

Non-Infosys

Infosys

3.89

0.41

0.49

4.80 4.17

0.63

PASSION AT WORK

Azim Premji University Campus, Bangalore

Development of all structures across 50 acre university campus in Sarjapur, Bangalore, on initiative of Azim Premji Foundation

Total SBA of 1.4 mn sft comprising 5 Academic blocks (G+7 floors), knowledge centre (G+7), kitchen block (G+17)student hostel (in pic) (G+40 floors), seminar halls etc.

Scope includes structure, civil, finishes and electrical works

Ashoka University, Haryana

Campus spread of 25 Acres in Rajiv Gandhi Education City, Sonepat, Haryana - located off NH44, North-West outskirts of New Delhi

Works include development of 0.5 mn sft of academic blocks, residential blocks and utility blocks

Scope includes structure, civil, finishes and electrical works

Infosys Campus, Nagpur

Scope includes end to end development of all structures - Incubation Center, Software Development Block (SDB), Conference rooms, cafeteria, Dormitory areas etc.

Completed development of 218,396 sft so far including SDB (in pic), which was handed over in Q3-FY23

Artistic rendition of Karle SEZ HUB

Contracts - Completed Projects - Region wise contribution details

Total Developed Area(in Mn sft)

Order Value (in Rs. Mn)

26.54

7.31

6.75

4.92

6.29

1.65

0.08

0.76

1.55

0.70

0.14

0.45

0.19

1,325

29,022

11,117

5,373

755

1,759

788

7,634

5,607

328

200

120

Total Developed Area Contribution

0.79%

0.33%

2.88%

0.13%

10.97%

46.31%

0.24%

8.58%

1.22%

2.70%

11.77%

1.33%

12.75%

Haryana Himachal Pradesh Karnataka Kerala Madhya Pradesh Maharashtra Orissa Rajasthan Tamilnadu Telangana Uttar Pradesh Uttarakhand West Bengal

0.31%

0.19%

Order Value Contribution

0.51%

2.07%

0.02%

11.92%

8.76%

1.23%

2.75%

8.39%

1.18%

17.36%

45.32%

Haryana Himachal Pradesh Karnataka Kerala Madhya Pradesh Maharashtra Orissa Rajasthan Tamilnadu Telangana Uttar Pradesh Uttarakhand West Bengal

PASSION AT WORK

Manufacturing & Retail Performance - 9M FY 2023

‣ SOBHA – Only Real Estate Company in India with complete vertical integration across the value chain

‣ It supports company to take up turn-key projects and deliver world class quality in timely & efficient manner

Glazing & Metal Works

Interiors, Matresses & metercube

Concrete Products

9M Turnover

Factory Area

Rs. 1.72 bn

9M Turnover

0.30 Mn sft

Factory Area

Rs. 0.66 bn

0.80 Mn sft

9M Turnover

Factory Area

Rs. 0.47 bn

0.40 Mn sft

Products ‣ Metal/Steel fabrication works ‣ Aluminum doors & windows, structures ‣ Glass works

Products ‣ Manufacturing wood-based products such as

doors, windows, paneling, cabinets, cupboards & loose furniture

‣ Manufacture of Economy, Deluxe, Super Deluxe & Premium Mattresses from furnishing division

‣ Wide range of home furniture and furnishing

products

Products ‣ Manufacture of wide range of concrete products such as concrete blocks, pavers, kerb stones, water drainage channels, paving slabs and elite landscape products

‣ Glass Fiber Reinforced Concrete

Note: *All divisions turnover represents net revenue excluding inter division sales & GST

PASSION AT WORK

Commercial portfolio: Completed, Ongoing & Forthcoming projects

Project Name

Status

Leasable Area (sft)

Leasable area (sft)

Total

Sobha Share

Sobha City Mall, Thrissur

Operational

323,059

One Sobha, Bangalore

Operational

225,081

Sub Total

Sobha City, Athena, Bangalore

Ongoing

Sub Total

548,140

28,863

Sobha Townpark, Bangalore

Forthcoming

292,723

Sobha Metropolis, Thrissur

Forthcoming

27,607

International City, Gurgaon

Forthcoming

550,000

280,875

154,180

435,055

28,863

223,933

27,607

550,000

801,450

One Sobha, Bangalore

Sub Total

Grand Total

870,330

1,447,333

1,265,368

PASSION AT WORK

Contents

Cashflow

Sales Performance

Financials & Operations

Project Updates

PASSION AT WORK

Real Estate - Projects portfolio – Completed, Ongoing & Forthcoming

Total Developable / Leasable area (Mn sft)

City

Completed

Ongoing

Forthcoming

‣ Completed Real Estate projects located across 7 cities,

Bangalore Mysore Gurgaon Kochi Thrissur Calicut Trivandrum Chennai Coimbatore Hosur GIFT City Pune Hyderabad

Total

Note:

51.80 1.58 2.80 - 2.90 - - 2.38 3.73 - - 1.20 -

66.41

19.28 - 3.47 3.95 1.50 1.09 0.23 0.84 0.32 - 1.23 0.94 -

32.85

7.18 - 2.30 - 0.03 - 0.46 0.21 - 1.31 0.77 - 0.65

12.90

with total development of 66.41 mn sft and Super

Built-up Area of 49.77 mn sft

‣ Under construction projects located across 10 cities,

with Total developable area of 32.85 mn sft and Super

Built-up Area of 21.98 mn sft

‣ Forthcoming residential projects located across 8 cities,

with Super Built-up Area of 12.90 mn sft. (Includes

Proposed Commercial projects in Bangalore, NCR and

Thrissur with Total Leasable Area of 0.29 mn sft, 0.55

mn sft and 0.03 mn sft respectively)

‣

Real Estate product mix includes Multi Storied Apartments, Row Houses, Villas, Plotted Developments & Club House Facilities etc.

Developed / Developable area includes super built-up area (SBA) / saleable area to the customer plus common area, car parking area, service area, storage area, internal roads and common amenities.

PASSION AT WORK

Completed Residential Projects during Q3 FY 2023

SOBHA HRC Pristine - Wing 3 & 4, Bangalore

SOBHA Forest Edge – Wing 2, Bangalore

SOBHA City – Tower A2, B2 & C2, Gurgaon

Wing 3 & 4 comprising 2 Towers of G+19 floors

Wing 2 comprising 1 Tower of G+ 24 floors

3 Towers : A2 & B2 –( S+ 18 floors) & C2 –(G+24 floors)

Total SBA completed in Q3-FY23 – 295,247 sft (155 units)

Total SBA completed in Q3-FY23 – 135,413 sft (74 units)

Total SBA completed in Q3-FY23 – 457,608 sft (240 units)

PASSION AT WORK

Shot at project sites

Completed Residential Projects during Q3 FY 2023...continued

SOBHA Arena – Pebble Court - Wing 1, Bangalore

SOBHA Gardenia – (11 Villas) , Chennai

SOBHA Dream Acres – Wing 26, Bangalore

Block 1 comprising 1 Tower of G+17 floors

11 Duplex Villas

Wing 26 comprising 1 Tower of G+ 14 floors

Total SBA completed in Q3-FY23 - 129,665 sft (68 Units)

Total SBA completed in Q3-FY23 - 23,877 sft

Total SBA completed in Q3-FY23 – 120,377 sft (120 units)

PASSION AT WORK

Shot at project sites

Ongoing Residential Projects

SOBHA Royal Pavilion, Bangalore

SOBHA Sentosa, Bangalore

SOBHA Victoria Park, Bangalore

Development details 16 Towers of G+18 floors with 1,284 units (2/3/4 BHK) SBA of 2,225,088 sft

Development details 7 Towers of G+17 floors with 533 units (1/3/3.5 BHK) SBA of 779,066 sft

Development details 5 Towers of G+9 floors with 300 units (2/3 BHK) & 19 Row Houses | Total SBA of 588,451 sft

Shot at project sites

PASSION AT WORK

Ongoing Residential Projects…continued

SOBHA Manhattan, Bangalore

SOBHA Windsor, Bangalore

SOBHA Dream Garden, Bangalore

Development details 4 Towers of G+34/38 floors with 560 units (3 BHK) SBA of 875,256 sft

Development details 11 Towers of G+14/17 floors with 739 units (2/3/4 BHK) SBA of 1,345,039 sft (units have private garden)

Development details 10 Towers of G+23 floors with (1,780 units – 1/2 BHK) SBA of 1,750,084 sft

Shot at project sites

PASSION AT WORK

Ongoing Residential Projects…continued

Marina One, Phase 1, Kochi

SOBHA Nesara, Pune

SOBHA Dream Heights, GIFT City

Development details 6 Towers of G+25/26/28 floors with 586 units (2/3/4 BHK) SBA of 1,678,782 sft

Development details 3 Towers of G+23 floors with 293 units (2/3/4/4.5 BHK) SBA of 619,600 sft

Development details 2 Towers of G+30 floors with 474 units (1 & 2 BHK) SBA of 524,240 sft

Shot at project sites

PASSION AT WORK

SOBHA Dream Acres in Bangalore continues to attract steady demand

Developable area launched till Dec 2022

7.70

SBA launched for sale as on 31st Dec 2022

SBA released in Q3-FY23

Developable area completed till Dec 2022

6.03

SBA sold till 31st Dec 2022

6.15

0.12

6.06

Area in mn sft

Dream Acres-Tropical Greens Wing 58, 30

Dream Acres-Tropical Greens Wing 32&33

PASSION AT WORK

Recognized and acknowledged at leading forums and platforms

Conferred with many prestigious awards since inception for corporate excellence, projects, CSR and sustainability

‣ First brand to be recognised with Platinum status for Net

Water Positive for an operational project

‣ For the 6th time topped the Track2Realty’s Brand X Report

(10th edition) across several categories: Top National Brand; Top South Indian Brand; Top Residential Brand; Top Super Luxury Brand; Company with Top CSR across India; and Public Perception – Consumer Confidence Index

Awards conferred between Oct-Dec 2022

Economic Times Realty Convention 2022 Recognized as one of the Best Realty Brands in India.

BAM Awards 2022 'Builder of the Year' in Large Category at Builders, Architects, and Building Material (BAM) Awards Also won the award in 2019 and 2018.

PASSION AT WORK

Board of Directors

Ravi PNC Menon, Chairman

Jagadish Nangineni, Managing Director

‣ 16+ years of experience in the real estate and

construction business

‣ Bachelor of Science in Civil Engineering from

Purdue University, USA

‣ 21 years of experience across diverse sectors - real

estate, consulting & technology

‣ B.Tech in Civil Engineering from IIT Bombay and PGDM

from IIM Calcutta

Anup Shah, Independent Director

‣ 38+ years of experience in the field of law,

specifically real estate law

‣ Degree in law from the Government Law

College, Mumbai

R.V.S. Rao, Independent Director

‣ 50+ years of experience in banking and finance ‣ Bachelor’s degree in Commerce from Mysore University

and a Bachelor’s degree in Law from Bangalore University institutions

Srivathsala K Nandagopal, Independent Director

Raman Mangalorkar, Independent Director

‣ Serial entrepreneur, Founder of 4 companies with

businesses spanning Angel Investing, Financial planning for HNIs and Strategic Business advisory

‣ Certified Financial Planner from ICAI incl. Masters in

Commerce from Bangalore University

‣ 30+ years of industry, consulting, and private equity

experience

‣ MBA from Indiana University with specializations in

Finance and MIS. He also has a Masters in Commerce from Bangalore University

PASSION AT WORK

Thank you

SOBHA Corporate Office

‘SOBHA’, Sarjapur-Marathahalli Outer Ring Road (ORR), Devarabisanahalli, Bellandur Post, Bangalore-560103 Phone: +91-80- 49320000 www.sobha.com

Investor’s Contact

Mr. Soumyadeep Saha Investor Relations Tel: +91-80-49320000 Ext. 5024 Email: soumyadeep.s@sobha.com

Disclaimer:

The information in this presentation contains certain forward-looking statements and publicly available data from various recourses such as research reports, publications etc. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditure. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from projections made by the company.

PASSION AT WORK

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