SOBHANSE7 August 2023

Sobha Limited has informed the Exchange about Investor Presentation

Sobha Limited

... -SOBHA

PASS I ON AT WORK

Date: August 07, 2023

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

Dear Sir/ Madam,

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

Sub: Investor Presentation for the quarter ended June 30, 2023.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached herewith the Investor Presentation of the Company on the Operations and Financial Result of the Company for the quarter ended June 30, 2023 .

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

Yours sincerely,

FOR SOBHA LIMITED

VIGHNESHWARGBHAT COMPANY SECRETARY AND COMPLIANCE OFFICER MEMBERSHIP NO.: 16651

REGO & CORPORATE OFFICE : 'SOBHA'. SARJAPUR - MARATHAHALLI O UTER RING ROAD. BELLANDUR POST. BANGALORE - 560 103, INDIA CIN: L4520 1 KA 1995PLCOl8475 I TEL: +9 1-80-49320000 I FAX: +9 180 49320444 I www.sobha.com

SOBHA LIMITED

SOBHA

PASS ION AT WORK

Artistic Impression of SOBHA Galera, Bangalore

PASSION AT WORK

Investor Presentation June 2023

SOBHA: Leading through excellence, scale and innovation

Established on a solid footing ‣ Bangalore headquartered Real Estate & Construction firm with 28 years of delivering international quality residential homes and commercial spaces across India

‣ Founded by Mr. PNC Menon with a vision “To transform the way people

Consistent delivery at scale ‣ 129.45 mn sft completed in 532 developments till date across 27 cities

in 14 states: Real estate in 12 cities and Contractual in 26 cities ‣ Delivery run rate of 5 mn sft in the past five years with 35.56 mn sft

currently under development

perceive ‘Quality’”

‣ Residential Real Estate development focused enterprise, with related

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

No. of Projects

Area (Mn sft)

No. of Cities

Real Estate

Contractual

71.73

30.38

57.72

5.18

194

338

Completed

Ongoing

Completed

Ongoing

‣ Company has obtained certification for Quality: ISO 9001:2015; Environmental -

14001:2015 and Occupational Health & Safety - OHSAS 45001:2018

Self-reliant execution capability - backward integration model ‣ In-house design-to-delivery capabilities ‣ Manufacturing facilities spread over 25 acres ‣ 3,400+ 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 and CSR with over 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)

PASSION AT WORK

SOBHA

Awards and Recognitions received in Q1 FY 2024

Real Estate Infrastructure Summit & Awards 2023

SOBHA bagged Best Architectural Plan of the Year for SOBHA Gardenia, Chennai, at the Real Estate Infrastructure Summit & Awards 2023

3rd Realty+ Women Icon Conclave and Excellence Awards

Geetha Nair, Executive Vice President, Design and Engineering, SOBHA Limited, won in the category Women Achievers in Architecture at the 3rd Realty+ Women Icon Conclave and Excellence Awards

3rd Realty+ Women Icon Conclave and Excellence Awards

Shanthi V, Executive Vice President, Project Management Office, SOBHA Limited, won in the category Women Achievers in Residential Realty at the 3rd Realty+ Women Icon and Excellence Awards

PASSION AT WORK

SOBHA

Contents

Cashflow

►

Sales Performance

Financials & Operations

Project Updates

PASSION AT WORK

L_ ________ l ~soBHA

Robust Operational Cashflows generated in Q1 FY 2024

‣ Total Collections in Q1-FY24 improved by 21.3% compared to Q1-

Total Operational Cash Inflow

Real Estate Cash Inflow

Rs Billion

FY23 to Rs. 13.55 bn

• Real Estate contribution was Rs. 11.48 bn, growth of 29.2%

compared to Q1-FY23

• Contracts & manufacturing collections was steady at Rs. 2.07 bn

‣ Construction related outflow for Real Estate was Rs. 5.32 bn, up by

37.5% compared to Q1-FY23

‣ Net cashflows before Land spends & Capex was at Rs. 1.46 bn,

21%

11.18

13.55

11.48

29%

8.88

Q1-23

Q1-24

Q1-23

Q1-24

growth of 44.2% compared to same period last year

Net Operational Cashflow

Net Cashflow

‣ Increase in construction activity was supported by higher Capex

2.27

spends of Rs. 332 mn for the quarter

‣ Land related payments was Rs. 431 million, in comparison, in Q1-24

we had net land inflow of Rs. 1,327 million from a one-off land sale

‣ We reduced our Net Debt by Rs. 702 mn in Q1-24, with Net Debt to

26%

1.54

1.95

-69%

0.70

Equity ratio falling to 0.63

Q1-23

Q1-24

Q1-23

Q1-24

PASSION AT WORK

SOBHA

Cashflow Statement – Q1 FY 2024

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 Net GST payments Facilities management related outflow Overheads Advertising & Marketing CSR TDS payouts Total Operational cash outflow (B)

Net Operational Cashflow : (C=A-B)

Q1-24

11,478

2,073

13,551

5,320

2,332

1,911

730

255

486

265

245

11,603

1,948

Q1-23

8,883

2,293

11,176

3,869

1,640

2,602

317

130

463

286

293

9,632

1,544

Q4-23

11,787

2,437

14,224

5,123

1,763

2,357

383

164

376

310

345

10,910

3,314

Rs Million

FY-23

43,058

9,765

52,823

18,369

7,181

10,133

1,404

618

1,873

1,134

202

1,350

42,263

10,559

PASSION AT WORK

SOBHA

Cashflow Statement – Q1 FY 2024…continued

Particulars

Financial Outflows

Finance outflow

Dividend including taxes

Total Financial Outflows (D)

Q1-24

Q1-23

Q4-23

FY-23

Rs Million

483

529

465

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

1,465

1,016

2,849

Capital Outflows

Land related payments (net)

Capex

Total Capital Outflow (F)

Total Cash Inflow: (A)

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

Net Cashflow (A - G)

431

332

763

13,551

12,849

702

(1,327)

(1,257)

11,177

8,905

2,272

1,431

129

1,559

14,224

12,934

1,290

2,056

285

2,341

8,218

918

328

1,246

52,823

45,851

6,972

PASSION AT WORK

SOBHA

Net Debt reduced by Rs. 14.05 bn in ten quarters, from internal accruals

1.31

29.75

1.25

1.23

28.52

28.17

1.19

27.78

Q3-21

Q4-21

Q1-22

Q2-22

1.11

26.54

Q3-22

Net Debt to Equity reduced to less than half in last ten quarters to 0.63 as on 30th June, 2023 -

-•

0.97

23.37

0.87

21.10

0.77

18.89

0.72

17.69

0.66

0.63

16.40

15.69

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Net Debt (Rs Bn)

D/E Ratio

1.40

1.20

1.00

0.80

0.60

0.40

0.20

0.00

Rs Billion

Particulars

Gross Debt

Less: Cash & equivalents

Q3-21

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

31.34

1.59

30.62

2.10

30.21

2.04

29.33

1.55

28.04

1.50

25.33

1.96

22.00

0.90

22.10

3.22

20.07

2.39

19.93

3.51

20.84

5.15

Net Debt

29.75

28.52

28.17

27.78

26.54

23.37

21.10

18.89

17.69

16.41

15.69

PASSION AT WORK

SOBHA

Cost of borrowing increased marginally in Q1 FY 2024

Q1-24 Cost of borrowing is close to Q3-21 levels, despite Repo rate being 2.50% higher compared to same period -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- '

9.17%

9.04%

8.98%

8.85%

8.65%

8.40%

8.45%

8.57%

8.81%

8.93%

9.11%

t s e r e t n

f o e t a R

Q3-21

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Quarterly Finance Outflows

Rs. Million

Q3-21

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

824

875

732

722

729

618

529

534

528

465

483

PASSION AT WORK

SOBHA

Residential Real Estate Portfolio: Projected Cashflow as on 30th June 2023

Completed - with unsold inventory

Ongoing - Area offered for sale

Ongoing - Area not offered for sale

Particulars

Total Saleable area

Sobha’s share of Saleable area

Total area sold till 30th June 2023

Unsold area as on 30th June 2023

Balance cost to incur as on 30th June 2023

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

Sales value of unsold stock ^

14.76

13.89

13.78

0.11

3.84

1.63

0.83

Marginal Cashflow – Completed & Ongoing Projects

(1.38)

Marginal Cashflow – Forthcoming Projects (15.09 mn sft)

20.34

18.95

15.11

3.83

60.54

65.12

32.21

36.79

1.23

6.52

0.95

9.47

3.90

Total

36.33

34.07

28.89

5.17

70.90

Unit

Mn sft

Rs. Bn

67.70

Rs. Bn

42.51

39.31

60.24

Rs. Bn

➢ Balance receivables of Rs. 66.75 billion from sold units fully covers the balance cost of Rs. 64.38 bn to complete the ongoing projects offered for sale

➢ Estimated Marginal Cashflow from Ongoing and Forthcoming projects put together is Rs. 99.55 bn

➢ “Ongoing Projects” are the ones with RERA registration. Forthcoming Project will be reclassified as Ongoing once RERA approvals for the project is received.

* 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

SOBHA

Inventory Visibility – Ongoing and Forthcoming Real Estate Projects

Forthcoming Projects

Total Residential Inventory – Ongoing and Forthcoming

SBA (Mn sft)

No. of Projects

15.09

Inventory status

Location

Residential

Bangalore

NCR

GIFT City

Kochi

Trivandrum

Thrissur

Calicut

Coimbatore

Chennai

Commercial

Bangalore

NCR

Thrissur

Grand Total

6.52

4.32

0.77

1.37

0.46

0.40

0.80

0.25

0.21

1.08

0.29

0.76

0.03

16.17

Unsold Area - Completed projects

Unsold Area - Ongoing projects - offered for sale

Unsold area - Ongoing projects - not offered for sale

Forthcoming projects

Total inventory visibility

Mn sft

0.11

3.83

1.23

15.09

20.26

Note: Saleable / Leasable area for the forthcoming projects may vary based on approvals

PASSION AT WORK

SOBHA

Contents

Cashflow

Sales Performance

►

Financials & Operations

Project Updates

PASSION AT WORK

SOBHA

Robust Sale momentum continued in Q1 FY 2024

‣ Achieved highest ever Sale value of Rs. 14.65 bn, registering growth of 27.9% over Q1-23, aided

New Sales Area (Mn sft)

by geographical diversification and sustained demand for SOBHA homes across markets

‣ In the quarter we sold 907 homes comprising 1,394,117 sft of saleable area

1.36

1.39

‣ Bangalore contributed 54% to overall sale value with improved price realization, due to product

mix gyrating towards luxury segment

‣

SOBHA Town Park development comprising 2 projects currently - SOBHA Manhattan and SOBHA Brooklyn

Towers, gained significant traction this quarter, contributing 32.4% to Bangalore sale value

SOBHA Dream Acres is almost sold out with 0.04 mn sft balance inventory (out of 6.5 mn sft SBA project)

‣ NCR region continued to perform well, with sale of 212,986 sft, growth of 14.9% over Q4-23;

Q1-23

Q1-24

Average Price Realization (Rs / sft)

commands highest average realization of Rs. 15,296 / sft amongst all our operating locations

10,506

‣ In Kerala, we sold 30.8% more area compared to previous quarter, aided by inventory releases;

In Kochi, Marina One project we released 2 new towers with SBA of 604,725 sft; In Thrissur we

released 168,023 sft of fresh stock in SOBHA Metropolis

‣ GIFT City sale volume grew by 16.9% from Q4-23, aided by improved visibility on development

8,431

25%

‣ Other regions were steady as well, adding to overall performance

Q1-23

Q1-24

PASSION AT WORK

SOBHA

Region wise Real Estate Sales Performance in Q1 FY 2024

Highest ever quarterly sales value achieved – driven by geographical diversification & changing product mix

Region

Area Sold (sft)

Total Sale Value (Rs. Mn)

Sobha’s Share Value (Rs. Mn)

Average Price Realization (Rs. / sft)

Total Sales Value (Rs. Bn)

11.45

28%

14.65

Q1-23

Q1-24

839,373

212,986

211,890

65,400

17,195

36,927

10,346

7,960

3,258

2,277

514

255

260

123

6,577

2,074

1,526

514

255

234

123

1,394,117

14,647

11,304

9,483

15,296

10,744

7,867

14,848

7,051

11,887

10,506

Bangalore NCR Kerala* GIFT City Hyderabad Tamil Nadu* Pune Total

54%

7.96

Region-wise distribution of value

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

22%

3.26

16%

2.28

DD D

0.26

0.51

Bangalore

NCR

Kerala*

GIFT City

Hyderabad

Tamil Nadu*

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

9.52

19%

11.30

Q1-23

Q1-24

[

< 1%

]

0.12

Pune

PASSION AT WORK

SOBHA

Consistent Sales performance with improving price realization

Quarterly New Sales Area (Mn sft)

1.35

1.32

1.34

1.36

1.34

1.48

1.39

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

10,302

10,475

11,096

11,455

11,642

Quarterly Sales Value (Rs. Mn)

14,247

14,634

14,647

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

PASSION AT WORK

VHHOS

•

Sales Value classification – Q1 FY 2024 - Price Band & Region Wise

Luxury segment (> Rs 2 Cr.) demand has seen significant improvement over past

several quarters. Contribution from this segment has grown from 36% in FY23

(41% in Q4-23) to 49% in Q1-FY24

Rs 2 Cr. - Rs. 3 Cr. 12%

Besides the market trend, this was also due to change in our product mix, aided

by new and redesigned projects launched in FY 2023 – Sobha Insignia, Sobha

Royal Crest, Sobha Victoria Park, Sobha Brooklyn Tower, Sobha City Gurgaon,

Rs 1 Cr. - Rs. 2 Cr. 28%

Sobha Waterfront

Preference for larger homes is an established trend now, due to requirement of

additional office space to cater to hybrid model of working from office and

Price bucket wise contribution to sales value

< Rs 1 Cr. 23%

> Rs 3 Cr. 37%

homes. This was spotted early on and catered to by SOBHA with success in Sobha

Region wise contribution to sales value

City Gurgaon and Sobha Brooklyn Towers. Going forward, also, our pipeline

Region

Sale Value (Rs. Mn)

Contribution (%)

projects are aligned to meet the same

Hence, contribution from Rs. 1 – Rs. 2 Cr. segment has relatively come down from

40% in FY23 to 28% in Q1-FY24

Dream Series segment (< Rs 1 Cr.) continued to see good traction. We have 3

projects in this segment – Sobha Dream Acres and Sobha Dream Garden in

Bangalore, Sobha Dream Heights in GIFT City

Bangalore

NCR

Kerala*

GIFT City

Tamil Nadu*

Hyderabad

Pune

Total

7,960

3,258

2,277

514

260

255

123

14,647

54%

22%

16%

100%

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

PASSION AT WORK

SOBHA

Contents

Cashflow

Sales Performance

Financials & Operations

►

Project Updates

PASSION AT WORK

SOBHA

Financial & Operational Highlights – Q1 FY 2024

Key Highlights

Total Income (Rs. Bn)

Real Estate Income (Rs. Bn)

‣ Total income for the quarter was Rs. 9.39 bn, registering growth of 63.7%

compared to same period in FY-23, supported by 66.0% growth in Real Estate

‣ Improvement in Real Estate revenue recognition is result of increased spends

on construction activities through FY23 leading to faster completions

‣ In Q1-FY24, we handed over 721 units comprising SBA of 1.04 mn sft, which

9.39

64%

5.74

7.41

66%

4.46

is 65.1% more compared to Q1-FY23

Q1-23

Q1-24

Q1-23

Q1-24

‣ Contractual & Manufacturing revenue was Rs. 1.67 bn, registering growth of

44.1% over Q1-FY23

‣ EBITDA for the quarter was at Rs. 967 mn with a margin of 10.3%

‣ Real Estate margin was lower due to recognition of projects which were sold

pre-covid and construction completed at inflated costs

‣ PAT was at Rs. 121 mn with a margin of 1.3%

‣ Balance revenue to be recognized is Rs. 103.35 billion from sold residential

PBT (Rs. Bn)

PAT (Rs. Bn)

0.17

102%

0.09

0.12

156%

0.05

units till 30.06.2023

Q1-23

Q1-24

Q1-23

Q1-24

PASSION AT WORK

SOBHA

Profit & Loss Statement – Q1 FY 2024

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

Q1-24

7,410

1,669

313

9,392

8,425

967

10.3%

183

611

173

1.8%

121

123

1.3%

Q1-23

4,461

1,158

117

5,737

4,917

820

14.3%

146

588

1.5%

1.0%

Q4-23

9,557

2,542

302

12,401

10,942

1,459

11.8%

179

612

669

5.4%

184

485

(14)

471

3.8%

Rs Million

FY-23

25,238

7,863

923

34,024

29,406

4,618

13.6%

678

2,490

1,450

4.3%

408

1,042

(40)

1,002

2.9%

PASSION AT WORK

SOBHA

Consolidated Balance Sheet as on 30-Jun-2023

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

30-June-23

31-Mar-23

4,139 4,486 78 192 96

1,149 701 351 9,251 149 221 20,813

4,130 4,519 68 192 103

1,149 795 383 9,298 217 222 21,077

86,692

87,610

1,520 1,834 3,687 4,350 7,053 105,137

125,949

1,580 2,794 1,720 4,721 6,381 104,806

125,882

EQUITY & LIABILITIES Equity

Equity Share Capital Other Equity Total Equity (C)

Non-Current Liabilities Financial Liabilities Borrowings Lease liabilities Provisions Deferred Tax Liability

TOTAL Current Liabilities Financial Liabilities

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

TOTAL Total Liabilities (D)

TOTAL EQUITY & LIABILITIES (C + D)

Rs Million

30-June-23

31-Mar-23

948 24,113 25,062

948 23,999 24,947

8,124 198 227 62 8,611

12,717 28 6,193 7,302 65,913 -75 198 92,277 100,888

125,949

6,135 205 229 126 6,694

13,901 28 5,987 8,970 65,152 0 203 94,241 100,935

125,882

SOBHA

Contracts Portfolio & Operational Overview

Revenue & Collection

Rs Billion

Particulars

Revenue

Contracts

Manufacturing

Collections

Contracts

Manufacturing

Total

Q1-24

Q1-23

0.72

0.95

1.67

0.86

1.21

2.07

0.35

0.81

1.16

1.12

1.17

2.29

Ongoing projects location-wise (30th June 2023)

Location

No of projects

Bangalore

Sonepat

Total

Built-up area (Mn sft)

4.69

0.49

5.18

r u p g a N

, s u p m a c

s y s o f n

y t i s r e v i n U

i j

m e r P m

i z A

Completed during Q1 FY 2024

Started the project in March’21. with mandate to develop all the structures in the 52 Acre campus – Civil, MEP and finishing for Incubation Center, Software Development Block (SDB) (in pic), Conference rooms, cafeteria, Dormitory areas etc.

Completed balance 58,851 sft (out of total development of 277,247 sft) in this quarter, marking end of the project

We used Fin glass method over the project and Tree method concept over the workstation

Project started in May’18 with mandate to development all structures in 40 Acre (out of total 80 Acre) university campus in Sarjapur, Bangalore, initiative of Azim Premji Foundation

We completed the Student Hostel in 42 months. It comprises of B+G+40 Floors, 2nd tallest building in Bangalore and tallest one constructed by SOBHA till date

Used Aluminum Form work method combined with new technology and machinery to increase speed of construction

Artistic rendition of Karle SEZ HUB

PASSION AT WORK

SOBHA

Contracts - Completed Projects - Region wise contribution details

States >>

Karnataka

Kerala

Telangana Maharastra

Tamil Nadu

Orissa

Haryana Rajasthan

Madhya Pradesh

Uttar Pradesh

Uttarakhand

West Bengal

Himachal Pradesh

Total

Developed Area (Mn Sft)

Order Value (Rs. Mn)

26.54

7.31

6.29

7.16

4.92

1.55

1.65

0.70

0.76

0.14

0.45

0.19

0.08

29,022

11,117

7,634

6,984

5,607

1,759

1,325

788

755

328

200

120

57.72

65,652

0.33%

0.78%

2.86%

-1[r

0.24%

0.13%

10.89%

8.52%

1.21%

2.68%

12.41%

1.32%

12.66%

45.98%

Area Contribution

Haryana

■

Himachal Pradesh

■

Karnataka

■

Kerala

■

Madhya Pradesh

■

Maharashtra

■

Orissa

■

Rajasthan

■

Tamilnadu

■

Telangana

■

Uttar Pradesh

■

Uttarakhand

■

West Bengal

■

0.30%

0.50%

0.18%

2.02%

0.02%

11.63%

8.54%

1.20%

2.68%

10.64%

1.15%

16.93%

Value Contribution

Haryana

■

Himachal Pradesh

■

Karnataka

■

Kerala

■

Madhya Pradesh

■

Maharashtra

■

44.21%

Orissa

■

Rajasthan

■

Tamilnadu

■

Telangana

■

Uttar Pradesh

■

Uttarakhand

■

West Bengal

■

PASSION AT WORK

SOBHA

Manufacturing & Retail Performance – Q1 FY 2024

‣ SOBHA Ltd. is the 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

Turnover Q1-24

Rs. 0.44 bn

Turnover Q1-24

Factory Area

0.30 Mn sft

Factory Area

Rs. 0.31 bn

0.80 Mn sft

Turnover Q1-24

Factory Area

Rs. 0.20 bn

0.40 Mn sft

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

Products ‣ Manufacturing wood-based products - 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

SOBHA

Commercial portfolio: Completed, Ongoing & Forthcoming projects

Project Name

Status

Sobha City Mall, Thrissur

Operational

One Sobha, Bangalore

Operational

Sub Total

Sobha City, Athena, Bangalore

Ongoing

Sub Total

Sobha Townpark, Bangalore

Forthcoming

Sobha Metropolis, Thrissur

Forthcoming

International City, Gurgaon

Forthcoming

Sobha Sector 106, Gurgaon

Forthcoming

Sub Total

Grand Total

Total

Sobha Share

Sobha City Mall, Thrissur

Leasable Area (sft)

Leasable area (sft)

322,983

221619

544,602

28,863

292,723

27,607

580,030

180,000

1,080,360

1,653,825

280,798

195,987

476,785

28,863

223,933

27,607

580,030

180,000

1,011,570

1,517,218

One Sobha, Bangalore

PASSION AT WORK

SOBHA

Contents

Cashflow

Sales Performance

Financials & Operations

Project Updates

►

PASSION AT WORK

SOBHA

Real Estate - Projects portfolio – Completed, Ongoing & Forthcoming

Total Developable / Leasable area and Saleable area (Mn sft)

Completed

Ongoing

Region

Developable Area

Saleable Built-up Area

Developable Area

Saleable Built-up Area

Bangalore*

56.83

42.33

16.32

11.11

Gurgaon

Kerala*

GIFT CITY

Tamil Nadu*

Hyderabad

Pune

Total

3.43

3.14

7.13

1.20

2.05

2.49

5.49

0.88

3.56

6.93

1.23

0.61

0.80

0.94

2.36

4.57

0.84

0.39

0.65

0.64

Forthcoming

Note:

6.81

5.08

3.05

0.77

0.46

‣ 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.

‣

Forthcoming projects include opportunities which

are at various stages from Concept design to

Approvals.

71.72

53.23

30.38

20.57

16.17

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

PASSION AT WORK

SOBHA

Real Estate developments delivered in Q1 FY 2024

624 homes (with SBA of 0.97 mn sft) delivered in Q1 FY 2024 across 5 cities

Project

Location

Product Type

No. of units

SBA (sft)

Sobha Dream Acres Tropical Greens Phase 24 - Wing 30

Bangalore

Apartments

Sobha Dream Acres Tropical Greens Phase 25 - Wing 33

Bangalore

Apartments

Sobha Lake Gardens Phase 1 - Wing 6

Bangalore

Apartments

Sobha Dream Gardens - Wing 6B

Sobha Royal Pavilion - Wing 5

Sobha HRC Pristine Clubhouse*

International City - Phase 2

Sobha City Gurgaon - Tower C3

Sobha Gardenia

Sobha Silver Estate

Sobha Verdure

Total

* Project was completed and handed over in FY23

Bangalore

Apartments

Bangalore

Apartments

Bangalore

Club House

NCR

Chennai

Thrissur

Villas

Apartments

Villas

Coimbatore

Row Houses

117

624

I-

117,350

140,508

114,793

95,636

124,698

14,309

39,889

212,303

38,421

14,191

60,412

972,511

PASSION AT WORK

SOBHA

Completed Residential Projects during Q1 FY 2024

SOBHA Dream Acres – Tropical Green Wing 30 & 33 Bangalore

SOBHA Dream Garden – Wing 6B Bangalore

Wing 30 comprising of 1 tower of G+14 floors Total SBA completed in Q1-FY24 – 117,350 sft (117 units)

Wing 6B comprising of 1 tower G+23 floors

Wing 33 comprising 1 Tower of G+14 floors Total SBA completed in Q1-FY24 – 140,508 sft (117 units)

Total SBA completed in Q1-FY24 – 95,636 sft (91 units)

PASSION AT WORK

Shot at project sites

SOBHA

Completed Residential Projects during Q1 FY 2024...continued

SOBHA Royal Pavilion – Wing 5 Bangalore

Sobha Lake Gardens Phase 1 Tower 6 Bangalore

SOBHA City Tower C3 NCR

Block 1 comprising 1 Tower of G+18 floors

Block 1 comprising 1 Tower of G+24 floors

Total SBA completed in Q1-FY24 – 124,698 sft (76 Units)

Total SBA completed in Q1-FY24 – 114,793 sft (75 Units)

Total SBA completed in Q1-FY24 – 212,303 sft (96 Units)

PASSION AT WORK

Shot at project sites

SOBHA

Completed Residential Projects during Q1 FY 2024...continued

Sobha Silver Estate Thrissur

SOBHA Verdure Coimbatore

International City Phase 2 NCR

4 Villas completed in Q1 – FY 24

27 Villas completed in Q1 – FY 24

7 Villas completed in Q1 – FY 24

Total SBA completed in Q1-FY24 – 14,191 sft

Total SBA completed in Q1-FY24 – 60,412 sft

Total SBA completed in Q1-FY24 – 39,889 sft

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Residential Projects

SOBHA Lake Gardens Ph II - Bangalore

SOBHA Royal Pavilion - Bangalore

SOBHA Oakshire - Bangalore

Development details Towers of G+13/18 floors with 597 units (1/2/2.5/3BHK) Total SBA of 542,247 sft

Development details 16 towers of G+18 floors with 1,057 units (2/3/4 BHK) Total SBA of 18,51,661 sft

Development details Total 80 Rowhouses SBA of 275,486. 4 BHK

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Residential Projects…continued

SOBHA Manhattan Tower- Bangalore

SOBHA Sentosa - Bangalore

SOBHA Brooklyn Towers - Bangalore

Development details 2 Towers 4 Wings of G+35/36 floors with 560 (1/2/3/3.5/4 BHK) SBA of 875,256 sft

Development details 4 Towers with 7 Wings of G+17 floors with 533 units. (1/3 BHK) SBA of 779,066 sft

Development details 5 Towers 5 wings of G+33 floors with 657 (1/2/3/3.5/4 BHK) SBA of 1,002,664 sft

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Residential Projects ….. continued

SOBHA Marina One - Kochi

SOBHA Meadows Whispering Hills - Trivandrum

SOBHA Dream Heights - Gift City

Development details 8 Towers with G+25/27/28 floors with 779 units (2.5/3/3.5/4 BHK) Total SBA of 2,282,782 sft

Development details 2 Towers of G+12 floors with 98 units ( 3 BHK) Total SBA of 196,420 sft

Development details 2 Towers of G+30 floors with 474 units (1/1.5/2/3 BHK) Total SBA of 524,240 sft

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Residential Projects…continued

SOBHA Arbor - Chennai

SOBHA Metropolis - Thrissur

SOBHA Atlantis - Kochi

Development details 7 Towers of G+5 floors with 163 units (3/4 BHK) Total SBA of 286,689 sft

Development details 6 Towers of G+21/23/25 floors with 504 units (2/3/4 BHK) Total SBA of 1,134,591 sft

Development details 4 Towers of G+24 floors with 384 units (2/3/4 BHK) Total SBA of 890,040 sft

PASSION AT WORK

Shot at project sites

SOBHA

SOBHA Dream Acres – fully released and approaching sales completion

Developable area launched till June 2023

8.17

SBA launched for sale as on 30th June 2023

SBA released in Q1-FY24

Developable area completed till June 2023

6.87

SBA sold till 30th June 2023

6.50

6.46

Area in mn sft

SOBHA Dream Acres Rain Forest (Night View)

SOBHA Dream Acres-Tropical Greens Ongoing Site Work

PASSION AT WORK

SOBHA

Ongoing Contractual Projects

Azim Premji University, Bangalore

Janaseva Trust Param, Bangalore

Karle HUB 05 SEZ & Karle NWCM, Bangalore

Total SBA of 1,407,769 sft and order value of Rs. 4,716.44 mn. The

Total SBA of 523,000 sft and order value of Rs. 728.91 mn.

Total SBA of 2,540,917 sft and order value of Rs.2,374.57 mn.

Scope of work include Civil, Finishing , MEP, Interior and Glazing

Scope of work is mainly Civil

Scope of work - civil, structural including the finishing work.

Work. Expected date of completion in July 2023.

Expected date of completion in Mar 2024.

Expected date of completion in September 2025

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Contractual Projects contd…

Infosys Campus Entry & Exit Plaza, Bangalore

Infosys Bangalore Metro Station - Bangalore

Ashoka University North Campus, Haryana

Total SBA of 27,534 sft and order value of Rs. 227.68 mn. The Project

Total SBA of 188,371 sft and order value of Rs. 502.71mn.

Total SBA of 523,000 sft and order value of Rs. 728.91 mn.

developed for the entry and exit for Infosys staff’s, Scope includes

Scope includes Civil, Finishing , MEP, Interior and Glazing Work.

Scope includes civil works alone for the structures on campus

Civil and Glazing Work. Expected date of completion in August 2023.

Expected date of completion in August 2023.

Expected date of completion in February 2024.

PASSION AT WORK

Shot at project sites

SOBHA

Board of Directors

Ravi PNC Menon, Chairman

Jagadish Nangineni, Managing Director

‣ 17+ years of experience in the real estate and

construction business

‣ Bachelor of Science in Civil Engineering from

Purdue University, USA

‣ 22 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

SOBHA

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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