SOBHANSE6 November 2023

Sobha Limited has informed the Exchange about Investor Presentation

Sobha Limited

... -SOBHA

PASS I ON AT WORK

Date: November 06, 2023

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

Dear Sir I 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 for the quarter and half year ended September 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 and half year ended September 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

REGD & CORPORATE OFFICE: 'SOBHA', SARJAPUR- MARATHAHALLI OUTER RING ROAD, BELLANDUR POST, BAN GALORE - 560 103, INDIA CIN: L45201KA l 995PLC0l8475 I TEL: +91 -80-49320000 I FAX: +9180 493204441 www.sobhacom

SOBHA LIMIT ED

Artistic Impression of SOBHA Neopolis, Bangalore

PASSION AT WORK

Investor Presentation September 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 ‣ 131.90 mn sft completed in 535 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

72.74

30.48

59.15

4.05

195

340

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 ‣ 3,700+ professionals and 9,000+ 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 credit rating of A+; India Rating (Ind-Ra) of AA- (Stable)

PASSION AT WORK

SOBHA

Awards and Recognitions received in Q2 FY 2024

■

13th Construction Week India Awards SOBHA won 'Real Estate Company of the Year — South' at the 13th Construction Week India Awards 2023

18th Construction World Architect and Builder (CWAB) Awards SOBHA honoured as 'One of India's Top Builders' at the 18th Construction World Architect and Builder (CWAB) Awards 2023

PASSION AT WORK

SOBHA

►

Contents

Cashflow

Sales Performance

Financials & Operations

Project Updates

PASSION AT WORK

Consistent Cashflow performance continues

Highest ever inflows recorded in Q2-FY24, aided by strong growth in Real Estate collections

Rs Billion

Total Operational Cash Inflow

Real Estate Cash Inflow

13.35

14.07

14.22

13.55

14.50

11.18

10.82

11.57

11.79

11.48

12.60

8.88

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

Net Operational Cashflow

Net Cashflow

3.16

3.31

2.54

2.97

1.95

1.54

2.27

2.21

1.20

1.29

0.70

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

PASSION AT WORK

SOBHA

Cashflows - Quarter and Half-yearly highlights

‣ Total collections for the half-year period improved by 14.4%, aided

by highest ever collections from Real Estate business of Rs. 24.08 bn

Total Operational Cash Inflow – H1-24

Real Estate Cash Inflow – H1-24

Rs Billion

‣ For the quarter, collections improved by 8.6% over Q2-FY23 to Rs.

24.53

14%

28.05

14.50 bn. Contribution from Real Estate business was Rs. 12.60 bn,

highest ever, with improvement of 16.5% compared to Q2-FY23

‣ Real Estate spends were increased by 29.6% to Rs. 10.68 bn

19.70

22%

24.08

compared to H1-FY23, enabling completion of 1.65 mn sft of area

H1-23

H1-24

H1-23

H1-24

‣ Net operational cashflow generated post dividend payment in Q2-

FY24 was Rs. 2.68 bn, improved by 37.9% compared to Q1-FY24

‣ Land related payments in H1-FY24 was Rs. 1.12 bn, in comparison, in

H1-FY23 we had net land inflow of Rs. 1.26 bn

‣ Net debt was reduced by Rs. 1.29 bn in Q2-FY24 and Rs. 1.99 bn in

H1-FY24

‣ Net debt to equity has reduced to 0.58 from 0.66 in Q4-FY23

Total Operational Cash Inflow – Q2-24

Real Estate Cash Inflow

13.35

14.50

10.82

17%

12.60

Q2-23

Q2-24

Q2-23

Q2-24

PASSION AT WORK

SOBHA

Cashflow Statement – Q2 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 payments

Q2-24

Q1-24

Q2-23

H1-24

H1-23

FY-23

Rs Million

12,598

1,902

14,500

11,478

2,073

13,551

10,817

2,534

13,350

5,359

2,317

1,864

510

318

490

354

278

5,320

2,332

1,911

730

255

486

265

245

4,369

1,607

2,523

303

131

539

271

394

24,076

3,975

28,051

10,679

4,649

3,774

1,240

573

976

620

523

19,700

4,827

24,526

8,238

3,247

5,125

620

261

1,002

557

687

43,058

9,765

52,823

18,369

7,181

10,133

1,404

618

1,873

1,134

202

1,350

Total Operational cash outflow (B)

11,529

11,603

10,192

23,132

19,824

42,263

Net Operational Cashflow : ( C = A - B )

2,971

1,948

3,159

4,919

4,703

10,559

PASSION AT WORK

SOBHA

Cashflow Statement – Q2 FY 2024…continued

Particulars

Financing related net cashflows

Debt related net outflow

Dividend including taxes

Total Financing Outflows (D)

Q2-24

Q1-24

Q2-23

H1-24

H1-23

FY-23

Rs Million

490

284

774

483

534

285

819

972

284

1,257

1,063

285

1,348

2,056

285

2,341

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

2,197

1,465

2,340

3,662

3,354

8,218

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)

688

218

906

14,500

13,209

1,291

431

332

763

13,551

12,849

702

128

13,351

11,140

2,211

1,119

550

1,669

28,051

26,058

1,993

(1,257)

128

(1,129)

24,526

20,043

4,483

918

328

1,246

52,823

45,851

6,972

PASSION AT WORK

SOBHA

Net Debt reduction of Rs 16.1 bn in the last 12 quarters

1.32

1.31

30.50

29.75

1.25

1.23

28.52

28.17

1.19

27.78

1.11

26.54

Net Debt to Equity reduced by 56% from 1.32 to 0.58 in 12 quarters

0.97

23.37

0.87

21.10

0.77

0.72

18.89

17.69

0.66

0.63

16.40

15.69

0.58

14.40

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

1.40

1.20

1.00

0.80

0.60

0.40

0.20

0.00

Rs Billion

Q2-21

Q3-21

Q4-21

Q1-22

Q2-22

Q3-22

Net Debt (Rs Bn)

D/E Ratio

Particulars

Q2-21

Q3-21

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

Gross Debt

Less: Cash & equivalents

Net Debt

31.56

31.34

30.62

30.21

29.33

28.04

25.33

22.00

22.10

20.07

19.93

20.84

19.99

1.06

1.59

2.10

2.04

1.55

1.50

1.96

0.90

3.22

2.39

3.51

5.15

5.59

30.50

29.75

28.52

28.17

27.78

26.54

23.37

21.10

18.89

17.69

16.41

15.69

14.40

Net Cash Flow

(0.28)

0.75

1.23

0.36

0.39

1.23

3.17

2.27

2.21

1.20

1.29

0.70

1.29

PASSION AT WORK

SOBHA

Cost of borrowing remains competitive at 9.14%

RBI rate hike by 2.5% since Q4-22 has led to increase of 74 basis points in SOBHA’s cost of borrowing

9.04%

8.98%

8.85%

8.65%

8.40%

8.45%

8.57%

8.81%

8.93%

9.11%

9.14%

t s e r e t n

f o e t a R

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

Borrowings related outflows

Rs. Million

Q4-21

Q1-22

Q2-22

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

875

732

722

729

618

529

534

528

465

483

490

PASSION AT WORK

SOBHA

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

Unsold area as on 30th Sept 2023

Balance cost to incur as on 30th Sept 2023

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

Sales value of unsold stock ^

15.92

14.65

14.48

0.17

4.46

0.53

1.32

Marginal Cashflow – Completed & Ongoing Projects

(2.60)

Marginal Cashflow – Forthcoming Projects (15.23 mn sft)

20.22

19.26

16.08

3.19

60.27

70.35

28.22

38.30

0.18

1.10

1.48

0.38

Total

36.32

34.10

30.55

3.55

65.83

70.88

31.02

36.08

73.34

Unit

Mn sft

Rs. Bn

 Balance receivables of Rs. 70.88 billion from sold units fully covers the balance cost of Rs. 64.73 bn to complete the ongoing projects offered for sale  Estimated Marginal Cashflow from Ongoing and Forthcoming projects put together is Rs. 109.42 bn

 “Ongoing Projects” are the ones with RERA registration. Forthcoming Project will be reclassified as Ongoing project 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

Contents

Cashflow

►

Sales Performance

Financials & Operations

Project Updates

PASSION AT WORK

SOBHA

Historic best Sales performance achieved in Q2 FY 2024

Quarter & Half Year Sales highlights

New Sales Area (Mn sft)

‣ Achieved sale value of Rs. 17.24 bn in Q2-24, registering growth of 48.1%

over Q2-23, with a sale of 1,686,196 sft comprising 1,007 homes at

average realization of Rs. 10,223 / sft.

‣ Bangalore touched new area sale of 1.01 mn sft recording highest ever

sale value of Rs. 9.32 bn in Q2-24

SOBHA Brooklyn and Manhattan Towers contributed 53.9% of sales

area and 51.7% of sales value of Bangalore region

SOBHA Dream Series contributed 25.2% to area and 24.2% to value

‣ NCR continued with its steady performance capitalizing on SOBHA’s

established presence in the city. Contributed 20.6% to overall sales value

2.70

14%

3.08

1.34

26%

1.69

Q2-23

Q2-24

H1-23

H1-24

Average Price Realization (Rs / sft)

10,223

8,569

21%

10,351

‣ Kerala region has achieved higher sale value in H1-24 than all of FY 2023,

8,709

17%

aided by release of new towers in Kochi and Thrissur

‣ GIFT City witnessed remarkable growth recording their best ever quarter

with sales value of Rs. 895 mn; New sales area grew by 64.7% compared

to previous quarter to cross 1 lakh sft quarterly sale for first time

Q2-23

Q2-24

H1-23

H1-24

PASSION AT WORK

SOBHA

Region wise Real Estate Sales Performance in Q2 FY 2024

Highest ever quarterly sales performance achieved – driven by sustained demand for SOBHA homes across markets

Region

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

60%

Total Sale Value (Rs. Mn)

Sobha’s Share Value (Rs. Mn)

Average Price Realization (Rs. / sft)

Area Sold (sft)

1,007,103

227,795

265,876

107,725

25,717

40,742

11,238

9,320

3,556

2,654

895

363

317

131

7,003

2,325

1,777

895

363

262

131

1,686,196

17,238

12,756

Region-wise distribution of volume

9,255

15,613

9,984

8,310

14,121

7,786

11,672

10,223

Total Sales Value (Rs. Bn)

17.24

48%

11.64

Q2-23

Q2-24

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

9.61

33%

12.76

14%

16%

Bangalore

NCR

Kerala

GIFT City

Hyderabad

Tamil Nadu

Pune

Q2-23

Q2-24

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

PASSION AT WORK

SOBHA

Region wise Real Estate Sales Performance in H1 FY 2024

38% growth in sale value; 14% growth in new sale area compared to H1-FY23

Total Sale Value (Rs. Mn)

Sobha’s Share Value (Rs. Mn)

Average Price Realization (Rs. / sft)

Area Sold (sft)

1,846,475

440,781

477,766

173,125

42,912

77,670

21,584

17,280

6,814

4,931

1,410

618

578

254

3,080,313

31,885

Region

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

60%

13,580

4,400

3,302

1,410

618

496

254

24,060

9,358

15,460

10,320

8,142

14,412

7,436

11,775

10,351

Region-wise distribution of volume

Total Sales Value (Rs. Bn)

31.88

23.10

38%

H1-23

H1-24

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

19.13

26%

24.06

14%

16%

Bangalore

NCR

Kerala

GIFT City

Hyderabad

Tamil Nadu

Pune

H1-23

H1-24

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

PASSION AT WORK

SOBHA

Consistent sales performance aided by high operational focus & sustained demand

Quarterly New Sales Area (Mn sft)

1.32

1.34

1.36

1.34

1.48

1.69

22%

1.39

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

10,475

11,096

11,455

11,642

Quarterly Sales Value (Rs. Mn)

14,247

14,634

14,647

18%

17,238

Q3-22

Q4-22

Q1-23

Q2-23

Q3-23

Q4-23

Q1-24

Q2-24

PASSION AT WORK

SOBHA

Sales Value classification (Q2 & H1 FY 2024) - Price Band & Region Wise

Price bucket wise contribution to sales value H1 – FY24

Q2 – FY24

Rs 2 - 3 Cr. 15%

< Rs 1 Cr. 17%

Rs 2 - 3 Cr. 13%

< Rs 1 Cr. 20%

Rs 1 - 2 Cr. 35%

Region

Rs 1 - 2 Cr. 32%

> Rs 3 Cr. 33%

> Rs 3 Cr. 35%

Region wise contribution to sales value

Q2-24

H1-24

Bangalore Kerala* NCR GIFT City Hyderabad Tamil Nadu* Pune Total *Kerala includes Kochi, Thrissur, Calicut and Trivandrum ; Tamil Nadu includes Chennai and Coimbatore

Contribution % 54% 15% 21% 5% 2% 2% 1% 100%

Sale Value Rs. Mn 9,320 2,654 3,556 895 363 317 131 17,238

Sale Value Rs. Mn 17,280 4,931 6,814 1,410 618 578 254 31,885

PASSION AT WORK

Contribution % 54% 15% 21% 4% 2% 2% 1% 100%

•

Demand for larger residential homes continued with

work-from-home becoming mainstay in services sector

As a result, contribution from luxury segment (> Rs. 2 Cr.)

has increased from 26% in H1-FY23 to 48% in H1-FY24.

Contribution of > Rs 3 Cr. products has increased from

10% in H1-FY23 to 35% in H1-FY24; aided by new towers

in SOBHA City Gurgaon and Marina One (Kochi), also

supported by sales in SOBHA Oakshire, SOBHA Gallera,

and our Villa projects across regions

SOBHA Dream Acre project, spread over 81 acres with

6,262 units got fully sold out. This was also a contributory

factor to our product mix gyrating towards high ticket size

Contribution of < Rs. 2 Cr. products came down from 74%

in H1-23 to 52% in H2-FY24. Major projects in this

category are SOBHA Metropolis (Thrissur), SOBHA Dream

Gardens, SOBHA Dream Heights

SOBHA

Inventory Visibility – Ongoing and Forthcoming Real Estate Projects

Forthcoming Projects

Total Residential Inventory – Ongoing and Forthcoming

SBA (Mn sft)

No. of Projects

15.23

Inventory status

Location

Residential

Bangalore

NCR

GIFT City

Kochi

Trivandrum

Thrissur

Calicut

Coimbatore

Chennai

Commercial

NCR

Thrissur

Grand Total

6.85

4.09

0.77

1.37

0.46

0.40

0.81

0.28

0.22

0.83

0.80

0.03

16.06

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

0.17

3.19

0.18

15.23

18.77

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

Financial & Operational Highlights – Q2 FY 2024

Key quarterly highlights

Total Income (Rs. Bn)

Real Estate Income (Rs. Bn)

‣ Total income for the quarter was Rs. 7.74 bn, registering growth of 12.0%

compared to same period in FY23, supported by 21.2% growth in Real Estate

6.91

12%

7.74

‣ In Q2-FY24 we have handed over 462 homes comprising total saleable built

up area of 671,213 sft,

‣ Contractual & manufacturing revenue was steady at Rs. 1.98 bn

21%

4.48

5.44

‣ EBITDA for the quarter was Rs. 1.08 bn with margin of 13.9%

Q2-23

Q2-24

Q2-23

Q2-24

‣ PAT was at Rs. 131 mn with margin of 1.7%

PBT (Rs. Bn)

PAT (Rs. Bn)

‣ Balance revenue to be recognized from sold residential units till 30.09.2023

is Rs. 111.86 bn

0.34

-28%

0.25

0.16

-18%

0.13

Q2-23

Q2-24

Q2-23

Q2-24

PASSION AT WORK

SOBHA

Financial & Operational Highlights – H1 FY 2024

Key half-yearly highlights

‣ Total income in H1-FY24 was Rs. 17.13 bn, registering growth of 35.5%

compared to same period in FY23

‣ Real Estate segment contributed Rs. 12.85 bn (74.7% of total income),

improving by 43.6% compared to same period in FY23

‣ The growth in real estate revenue was supported by handover of 1,182

Total Income (Rs. Bn)

Real Estate Income (Rs. Bn)

17.13

36%

12.64

12.85

44%

8.95

homes comprising 1.71 mn sft of SBA, which was 36.8% more than H1-FY23

H1-23

H1-24

H1-23

H1-24

‣ Contractual & manufacturing revenue was Rs. 3.65 bn, growth of 8.0%

compared to H1-FY24

PBT (Rs. Bn)

PAT (Rs. Bn)

‣ EBITDA for the H1-FY24 was Rs. 2.04 bn with margin of 11.9%, improved by

0.43

-2%

0.42

3.7% over the same period in FY23

‣ PAT was at Rs. 254 mn with margin of 1.5%, registering growth of 18.7%

compared to H1-FY23

0.21

19%

0.25

H1-23

H1-24

H1-23

H1-24

PASSION AT WORK

SOBHA

Profit & Loss Statement – Q2 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 Profit

Net Profit Margin

Q2-24

Q1-24

Q2-23

5,436

1,976

324

7,736

6,658

1,078

13.9%

193

639

247

3.2%

149

(18)

131

1.7%

7,410

1,669

313

9,392

8,425

967

10.3%

183

611

173

1.8%

121

123

1.3%

4,484

2,216

205

6,906

5,752

1,153

16.7%

179

631

343

5.0%

152

192

(33)

159

2.3%

H1-24

12,846

3,645

637

17,129

15,083

2,046

11.9%

376

1,250

420

2.4%

150

270

(16)

254

1.5%

H1-23

8,946

3,375

323

12,643

10,670

1,973

15.6%

325

1,219

429

3.4%

190

239

(25)

214

1.7%

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-Sept-2023

ASSETS (Rs. Mn)

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 Loans Other Current financial assets Other Current Assets TOTAL (B)

TOTAL ASSETS (A + B)

30-Sept-23

30-June-23

EQUITY & LIABILITIES (Rs. Mn)

30-Sept-23

30-June-23

4,273 4,451 93 227 101

1,149 660 359 9,074 158 480 21,025

89,874

1,701 1,559 4,908 1 4,031 7,589 109,664

130,689

4,139 4,486 78 192 96

1,149 701 351 9,251 224 221 20,888

86,701

1,520 1,834 3,687 1 4,349 7,053 105,145

126,033

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)

948 23,969 24,917

7,283 204 241 143 7,872

12,711 28 6,256 8,786 69,826 220 73 97,900

105,772

130,689

948 24,123 25,071

8,124 198 227 62 8,611

12,717 28 6,193 7,302 65,913 0 198 92,351

100,962

126,033

PASSION AT WORK

SOBHA

Contracts Portfolio & Operational Overview

Revenue & Collection

Rs Billion

Ongoing Projects

Particulars

Revenue

Contracts

Manufacturing

Collections

Contracts

Manufacturing

Total

H1-24

H1-23

1.64

2.01

3.65

1.58

2.39

3.97

1.69

1.68

3.37

2.61

2.22

4.83

Ongoing projects location-wise (30th Sep 2023)

Location

No of projects

Bangalore

Sonepat

Total

Built-up area (Mn sft)

3.55

0.49

4.05

PASSION AT WORK

Ashoka University North Campus - Haryana

Total SBA of 493,000 sft and order value of Rs. 2.4 bn.

Scope includes Civil , MEP, PHE , Glazing and finishing work

Expected date of completion in November 2023.

Janaseva Trust Param - Bangalore

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

Scope of work is mainly Civil

Expected date of completion in Mar 2024.

Karle HUB 05 SEZ & Karle NWCM - Bangalore

Total SBA of 2,840,917 sft and order value of Rs. 2.4 bn.

Scope of work - Civil, Structural including finishing work.

Expected date of completion in September 2025

Artistic rendition of Karle SEZ HUB

SOBHA

Contracts - Completed Projects - Region wise contribution details

Karnataka

Kerala

I I

Telangana

Maharastra

Tamil Nadu

Orissa

Haryana

Rajasthan

Madhya Pradesh

I I

Uttar Pradesh

Uttarakhand

West Bengal

Himachal Pradesh

Total

27.97

7.31

6.29

7.16

4.92

1.55

1.65

0.70

0.76

0.14

0.45

0.19

0.08

59.15

33.97

11.12

7.63

6.99

5.61

176

1.33

0.79

0.76

0.33

0.20

0.12

0.11

70.60

States >>

Developed Area (Mn Sft)

Order Value (Rs. Bn)

0.32%

0.76%

0.23%

2.79%

0.13%

10.62%

8.31%

1.18%

2.62%

12.11%

1.29%

12.35%

Area Contribution

Haryana

■

Himachal Pradesh

■

Karnataka

■

Kerala

■

Madhya Pradesh

■

Maharashtra

■

Orissa

■

Rajasthan

■

Tamilnadu

■

Telangana

■

Uttar Pradesh

■

Uttarakhand

■

West Bengal

■

\...

47.29%

0.17%

1.88%

0.28%

0.01%

0.46%

10.81%

7.94%

1.12%

2.49%

9.89%

1.07%

15.75%

Value Contribution

Haryana

■

Himachal Pradesh

■

Karnataka

■

Kerala

■

Madhya Pradesh

■

Maharashtra

■

Orissa

■

Rajasthan

■

Tamilnadu

■

Telangana

■

Uttar Pradesh

■

Uttarakhand

■

West Bengal

■

48.11%

----

PASSION AT WORK

SOBHA

Manufacturing & Retail Performance – H1 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 H1-24

Rs.0.97 bn

Turnover H1-24

Factory Area

0.30 Mn sft

Factory Area

Rs. 0.62 bn

0.80 Mn sft

Turnover H1-24

Factory Area

Rs. 0.42 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 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

227,325

550,308

28,863

27,607

615,607

180,000

823,214

280,798

195,987

476,785

28,863

27,607

615,607

117,000

760,214

1,402,385

1,265,862

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*

57.41

42.76

16.85

11.49

Gurgaon

Kerala*

GIFT CITY

Tamil Nadu*

Hyderabad

Pune

Total

3.45

3.50

7.19

1.20

2.06

2.72

5.50

0.88

3.54

6.57

1.23

0.55

0.80

0.94

2.35

4.34

0.84

0.35

0.65

0.64

Forthcoming

Note:

6.85

4.88

3.06

0.77

0.49

‣ 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.

72.74

53.92

30.48

20.66

16.06

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

PASSION AT WORK

SOBHA

Real Estate completion in Q2 FY 2024

438 homes (with SBA of 0.68 mn sft) delivered across 6 cities

Project

Location

Product Type

No. of units

SBA (sft)

Sobha Dream Gardens Phase 2 - Wing 5

Bangalore

Apartments

Sobha Lake Gardens Phase 1 - Wing 5

Bangalore

Apartments

Sobha Royal Pavilion - Wing 4

Bangalore

Apartments

International City Gurgaon – Phase II

Sobha Bela Encosta

Sobha Silver Estate

Sobha Verdure

Sobha Westhill

Marina One - Wing 4

Total

NCR

Calicut

Thrissur

Villas

Coimbatore

Row Houses

Coimbatore

Row Houses

Kochi

Apartments

182

438

152,768

122,013

118,757

11,553

5,325

14,305

37,882

2,908

217,483

682,994

PASSION AT WORK

SOBHA

Completed Residential Projects during Q2 FY 2024

SOBHA Royal Pavilion – Wing 4 Bangalore

SOBHA Dream Garden - Wing 5 Bangalore

Wing 4 comprising 1 Tower of G+18 floors

Wing 5A and 5B comprising 1 tower of G+23 floors

Total SBA completed in Q2-FY24 – 118,757 sft (75 Units)

Total SBA completed in Q2-FY24 – 152,768 sft (192 Units)

PASSION AT WORK

Shot at project sites

SOBHA

Completed Residential Projects during Q2 FY 2024...continued

Sobha Lake Gardens - Tower 5 Bangalore

SOBHA Verdure Coimbatore

International City Gurgaon NCR

Tower 5 comprising of G+18 floors

17 Villas completed in Q2-FY24

2 Villas completed in Q2-FY24

Total SBA completed in Q2-FY24 – 122,013 sft (75 Units)

Total SBA completed – 37,882 sft (17 units)

Total SBA completed in Q2-FY24 – 11,553 sft (2 units)

PASSION AT WORK

Shot at project sites

SOBHA

Completed Residential Projects during Q2 FY 2024...continued

Sobha Silver Estate Thrissur

Marina One – East Wing 4 Kochi

4 Villas completed in Q2-FY24

East Wing 4 comprising 3 towers of G+26 floors

Total SBA completed in Q2-FY24 – 14,305 sft (4 Units)

Total SBA completed in Q2-FY24 – 217,483 sft (81 Units)

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Residential Projects

SOBHA Lake Gardens Ph II - Bangalore

SOBHA Royal Pavilion – Bangalore (Wing 3 & 13)

SOBHA Oakshire - Bangalore

Development details Towers of G+13/18 floors with 597 units (1/2/2.5/3BHK) Total SBA of 420,233 sft

Development details 16 towers of G+18 floors with 1,057 units (2/3/4 BHK) Total SBA of 1,726,545 sft

Development details Total 80 Rowhouses SBA of 275,486 sft

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Residential Projects…continued

SOBHA Manhattan – Bangalore (Tower 4)

SOBHA Sentosa Wing 5 - Bangalore

SOBHA Victoria Park Wing 2 & 3 - Bangalore

Development details 2 Towers 4 Wings of G+35/36 floors with 560 units (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 Phase I – 5 Towers of G+9 floors with 300 units & SBA of 538,026 sft Phase II – 19 Row Houses with SBA of 50,425 sft

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Residential Projects ….. continued

SOBHA Marina One - Kochi

SOBHA Meadows Whispering Hills - Trivandrum

SOBHA Waterfront - Hyderabad

Development details 7 Towers with G+25/27/28 floors with 779 units (2.5/3/3.5/4 BHK) Total SBA of 2,077,242 sft

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

Development details 4 Towers of G+14 floors with 238 units (3/3.5/4 BHK) Total SBA of 654,631 sft

PASSION AT WORK

Shot at project sites

SOBHA

Ongoing Residential Projects…continued

SOBHA City Gurgaon - NCR

SOBHA Metropolis – Thrissur (Wing 1 & 3)

SOBHA Atlantis – Kochi (Tower C & D)

Development details 14 Towers of G+17/23 floors with 972 units (2/3 BHK) Total SBA of 2,107,287 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

Shot at project sites

PASSION AT WORK

SOBHA Dream Acres – SOLD OUT !

Developable area launched till Sept 2023

8.17

SBA launched for sale as on 30th June 2023

SBA released in Q2-FY24

Developable area completed till Sept 2023

6.87

SBA sold till 30th Sept 2023

Area in mn sft

6.50

SOBHA Dream Acres Tropical Green

Total Project spanning 81 Acre, with saleable built up area of 6.5 mn sft is comprised of

6,262 units distributed across 27 phases and 58 wings. Project was launched on January 31st,

2015 and officially closed sales in Q2-FY24.

So far, 5,315 units have already been handed over to buyers and pending 947 units are under

construction. RERA completion date for full project is September 30, 2026.

Our initial launch price of Rs. 4,175 per sft. appreciated to Rs. 8,380 per sft, by the time we

sold our last unit, amounting to appreciation of over 100% over the span of the project.

Notably, the project achieved its highest quarterly sales in Q1-CY15, with 453,232 sft sold

during that period.

The total sale value generated from this extensive project was Rs. 4,407.69 crores

PASSION AT WORK

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

SOBHA

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