SHRIRAMPPSNSE12 February 2025

Shriram Properties Limited has informed the Exchange about Investor Presentation

Shriram Properties Limited

February 12, 2025

National Stock Exchange of India Limited The Listing Department Exchange Plaza, 5th Floor Plot C 1 – G Block Bandra-Kurla Complex, Bandra (E) Mumbai 400 051 Scrip Code: SHRIRAMPPS

Dear Sir/Madam,

Sub: Investor Presentation

BSE Limited Dept of Corporate Services Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400 001 Scrip Code : 543419

Further to our intimation on February 06, 2025 and pursuant to Regulation 30 read with Schedule III Part a Para a of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the presentation to be made to the Analyst / Investors on the Unaudited Financial Statements for the quarter and nine months ended December 31, 2024.

We request you to take the above information on record.

Thanking you. Regards

For Shriram Properties Limited

K. Ramaswamy Company Secretary & Compliance Officer ACS 28580

Shriram Properties Limited ‘Shriram House’, No. 31, T Chowdaiah Road, Sadashivanagar, Bengaluru - 560 080

Registered office: Lakshmi Neela Rite Choice Centre, 1 Floor, #9, Bazulla Road, T. Nagar, Chennai – 600 017

P: +91-80-40229999 | F: +91-80-41236222 | W: www.shriramproperties.com CIN No. : L72200TN2000PLC044560 Email: cs.spl@shriramproperties.com

Investor Presentation Q3 | 9M FY25 Results

Artist’s impression of Shriram Serenity, Bangalore

February 12, 2025

This presentation and the accompanying slides (the “Presentation”), which have been prepared by Shriram Properties Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.

This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.

Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the real estate sector in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and projections.

Shriram Properties: Building Trust, Creating Value

Corporate Governance Built on core values of Trust – Transparency – Governance.

Eminent Independent Board; Strong professional management team.

Legacy & Experience Over 25 years of experience and proven track record

Strong market presence and unwavering focus on mid-market segments.

48 completed projects; 27 msf delivered & 21 msf under development.

Market Leadership Among Top-5 brands in our chosen core markets of Bangalore, Chennai & Kolkata.

Entering the Pune markets shortly.

Zero inventory in completed projects; Nearly 79% of ongoing project inventories sold already.

Customer Centric Approach 30,000+ happy families; 20,000+ customer units handed-over already and remaining on-track.

~20% of annual sales from referrals, endorses customer goodwill for the Brand.

Focused on quality, affordability and sustainable living solutions.

Financial Strength & Growth Multi-fold growth in the post-RERA era.

Strong financials with robust execution capabilities and demonstrated track record.

Q3 | 9M FY25 Overview

Artist’s impression of Shriram WYT Field, Whitefield, Bangalore

KPI Summary : Q3 | 9M FY25

Sales Volume

Sales Value

Collection

Handovers

5 2 Y F 3 Q

5 2 Y F M 9

22% QoQ

14% YoY

18% QoQ

14% YoY

-4% QoQ

4% YoY

8% QoQ

-19% YoY

1.26

msf1

670

Crores

346

Crores

636

No's

-1% YoY

-2% YoY

9% YoY

2.99

msf1

1,615

Crores

1,030

Crores

1,758

No's

✓ Remarkable quarterly KPI trend, despite launch constraints and deferred handovers.

✓ Suffered on external dependencies for the 2nd consecutive quarter, but green-shoots visible now.

✓ Strong sequential growth in Q3, reflecting renewed customer demand amidst peak festive season.

___________ Notes: 1 msf = Million Square Feet

Yet Another Challenging Quarter, But Green Shoots Visible…

Suffered on external dependencies, for second consecutive quarter…

• Continued approval delays & prolonged OC/CC process impacted performance, for 2 quarters in a row. • Industry-wide launches subdued; Supply shrinkage and not demand slowdown. • Green shoots visible now; launches as well as handover/registrations set to gain momentum.

Q3 KPI trends strong, despite external challenges

• Sharp rebound in Q3 sales reflect renewed customer sentiments. Festive season, stable pricing and positive

macros appear to be aiding the renewed momentum.

• Strong Q3 sales driven by recently launched projects and sustenance sales, across markets. • Reaffirming market confidence and setting the stage for a strong year-end finish.

High confidence launch line-up for Q4, backed by streamlined approval progress

• Significant progress/visibility on approvals – both Pune and Bangalore projects. • Preparedness achieved for Pune market entry. SPL teams in-place already and marketing seeding begun.

At an advance stage of launch preparedness with encouraging pre-EOI response. • Positive market conditions, coupled with launch line-up, should deliver robust Q4.

Enhanced visibility for revenue recognition in 2 key projects - Rs.500+ crs potential in Q4

• With OC/CC nearly resolved in key projects, (Pristine Estates and Park63) offer Rs.500+ crs of revenue

recognition potential in Q4. SPL fully geared for accelerating handover/registrations.

• Overall handovers targeted at 3,300+ units in FY25; Q4 target at 1,500+ vs. 1,300+ in Q4FY24 • Focused on recouping lost ground significantly and delivering robust earnings growth in Q4.

SPL Performance in the Peer Context

Q3 - QoQ

22% QoQ

Q3 - YoY

14% YoY

9M - YoY

-5% YoY

-2% YoY

-38% YoY

-0% QoQ

-2% QoQ

-17% YoY

-39% YoY

SPL

Peers Regional peers

SPL

Peers Regional peers

SPL

Peers Regional peers

Q3 - QoQ

17% QoQ

Q3 - YoY

13% YoY

9M - YoY

11% YoY

4% QoQ

-2% QoQ

1% YoY

-19% YoY

-3% YoY

-20% YoY

e m u o V s e a S

e u a V s e a S

________________ Note: Peers includes listed players like Sobha, Prestige, Brigade, Godrej, Macrotech, Oberoi Realty, Puravankara, Keystone Realtors; | Regional Peers include Sobha, Prestige, Brigade, Puravankara Peer growth calculated on aggregate actual performance as reported by respective companies.

SPL

Peers Regional peers

SPL

Peers Regional peers

SPL

Peers Regional peers

Industry wise launch/supply pressures apparent; SPL’s relative performance satisfactory

Key Highlights: Q3 | 9M FY25

Operational Performance

• Strong sequential growth – Sales Volumes up 22% QoQ;

Financial Performance • Satisfactory financial performance, despite deferred revenue

Sales Values up 18% QoQ in Q3.

recognition in key projects to Q4

• Driven by recent launches & sustenance sales; Renewed

- 2 projects with Rs. 500+ Crs revenues pending on OC.

demand trend amidst festive season encouraging

- OC/CC issues nearly resolved now; To fuel handover in Q4.

- End Q2 launches viz., Serenity (B’lore), Swargam (Chennai) & Symphony (Kolkata) contributed well.

- Quarterly growth could have been stronger, but for deferment of launches to Q4 on pending approvals.

• Q3 revenues at Rs. 180 Crs (+16% QoQ), on lower base. • Margins remain healthy: ~31% Gross margin, ~24% EBIDTA

margins and 8% PBT margins.

• Financials set to rebound, with increased handovers

• Q3 collections nearly flat; reflected impact of deferred

momentum in Q4.

handovers & delayed launch.

• Rs. ~60 Crs cashflows unlocked from operations during Q3.

Project Execution

Business Development & Project Pipeline

• Handed over 630+ units in Q3; 1,750+ units so far in 9M. • Majority of Q3 handovers in JV/DM projects, thus limited

• 3 projects with 1.1 msf development potential concluded

- North Bangalore (JDA), Near Electronic City (Own) and

impact on revenues.

Koyambedu, Chennai (JDA).

• Q4 handovers largely in Own/ JDA; poised for a robust

- Gross Development Value of Rs. 850-1,000 Crs.

revenue recognition.

• With OC/CC issues nearly resolved, confident of 3,300+

• Significant thrust on project pipeline enhancement; several

new projects at advanced stage of evaluation.

handovers in FY25. Q4 target at 1,500+ vs. 1,394 in Q4’24.

• Cashflows unlocked through land monetization, to support

•

Increased construction spends fuelling faster execution & delivery ahead of committed timelines.

accelerated BD initiatives.

________________ Note: Data presented herein reflects aggregate for the Company, covering all projects under all development formats viz., Own, JV/JDA and DM;

New Project Launches – A Snapshot

New Projects

New Phases

Recent launches continue to shine; New launch to gain momentum, with enhanced approval visibility now

FY25 Launch Update : Approval Delays, But Better Visibility Now

New Project Launches – YTD FY’25 Project type

Project details

Region

New Phase Launches – YTD FY25

Dev. Model

Launch Quarter

Area (msf)

Project details

Area (msf)

Shriram Serenity

Bangalore Apartment

JDA

Shriram Swargam^

Chennai Apartment

Shriram Symphony

Kolkata Apartment

Own

Total

Planned launches - Q4 FY’25

0.37

1.00

0.86

2.23

24 Karat

Sanctum

Belvedere

Total

0.09

0.16

0.12

0.37

Near Electronic City (Bangalore)**

Shriram Saptam (Pune)

Kolkata Upcoming**

0.40 msf Apartment

0.83 msf Apartment

0.77 msf (Villa, Plots, Commercial)

Pre-RERA Stage

Final Approvals awaited

Market warming up started

Pre EOI Stage and ready for launch

Launch preparedness going on

With greater visibility on approvals, focused of ending the year on high note

_________________ * Comprises of Plots (0.26 msf); Villa (0.34 msf); and Commercial (0.17 msf) | ** Project Names are yet to be finalized for the project | ^ includes phase 1 & 2

Pricing Trends: Stable Pricing; Augurs Well for Strong Demand

Price Increase by Project – Top Projects only

Avg. Portfolio Price increase Trends

Project Name

Dev Type

9M FY’25

FY‘24

Increase from FY24

Shriram WYT FIELD

Shriram WYT FIELD - II

Shriram Solitaire

Park 63 - 2A

Park 63 - 2B

Shriram Chirping Grove

Apartment

Villas

Shriram Chirping Grove - Phase – II

Villas

Shriram 107 Southeast -Phase 2

Apartment

Shriram 107 Southeast -Phase 3

Apartment

Sunshine Two

Apartment

The Poem by Shriram Properties

Apartment

7,042

6,847

6,131

7,908

7,651

7,262

7,021

5,589

5,508

4,560

6,934

6,143

5,956

5,500

7,112

7,193

6,603

6,556

5,267

5,065

4,286

6,619

15%

11%

10%

✓ Portfolio avg. realisation up ~5% during YoY. Prices stabilizing across segments.

✓ Mid-market realisation improved to Rs.6,700/sft levels from sub Rs. 5,000/sft pre-covid. - Reflects success of efforts to rise on the price curve through portfolio enhancements. - To have positive impact on margins over 1-3 years. ✓ Positive outlook for pricing over the next 12-18 months.

Avg realisation increase during FY25

12%

Avg realisation increase during

FY24

Avg realisation increase during

FY23

Realizations Trends by Development Type (Rs/Sqft)

1 1 7 , 6

1 5 3 , 6

8 0 0 , 6

6 8 2 , 5

6 8 9 , 4

7 0 5 , 4

5 0 7 , 3

6 5 1 , 3

3 0 9 , 2

Plots

Affordable

Mid Market

FY23

FY24

9MFY25

Financial Highlights : Q3 | 9M FY25

Artist’s impression of Shriram 122 West, Mangadu, Chennai

Financials Snapshot: Q3 | 9MFY25

Revenues Q3: ₹ 180 Crs. 9M: ₹ 546 Crs.

Gross Profit Q3: ₹ 89 Crs. 9M: ₹ 246 Crs.

EBIDTA Q3: ₹ 44 Crs. 9M: ₹ 111 Crs.

PAT Q3: ₹ 13 Crs. 9M: ₹ 30 Crs.

Sequentially higher Revenues Quarterly

Healthy Gross Margin contribution

24% Q3 EBIDTA Margin (%)

7% Q3 PAT Margin (%)

With external dependencies under control, Q4 performance to be superior on the back of robust handovers

Financial Highlights : Profit & Loss – Q3 | 9M FY25

QoQ

15%

16%

-4% 230% -1%

YoY

-27%

-25%

Particulars (INR Crs)

Income from operations Other operating revenues* Total operating revenues Other income Total revenues Cost of revenue Employee benefit expense Other expenses Total expenses EBITDA Finance costs - Interest expense & other finance cost - Unwinding Impact (non-cash charge) Depreciation Profit before share of JV income/(loss) Add: Share of profit/(loss) of JVs Profit before tax Tax expense Net profit EBIDTA Margins EBIDTA Margins w/o other income PBT Margins PAT Margins _________________ * Other Operating Revenues include impact of ASK exit from Shriram Pristine Estates, fair value gains in Project JVs, and monetization of development rights etc.

Q3 FY24 221.2 15.0 236.2 4.4 240.6 153.7 22.0 26.3 202.0 38.6 27.6 22.3 5.3 2.2 8.8 5.0 13.8 (4.7) 18.5 16% 14% 6% 8%

Q3 FY25 121.1 51.3 172.4 7.5 179.9 83.4 23.1 29.5 136.0 43.9 26.6 22.5 4.1 2.6 14.7 (0.4) 14.3 1.3 13.0 24% 21% 8% 7%

Q2FY25 140.6 9.7 150.3 4.8 155.1 94.8 22.9 24.1 141.8 13.3 27.0 22.9 4.1 2.7 (16.4) 0.2 (16.2) (15.4) (0.8) 9% 6% -10% -1%

-33% 14% -4%

-30%

67%

9M FY25 415.7 114.1 529.8 16.1 545.9 284.2 69.0 81.9 435.1 110.8 80.4 68.3 12.1 8.0 22.4 2.9 25.3 (4.3) 29.6 20% 18% 5% 5%

9M FY24 562.3 52.3 614.6 14.4 629.0 335.2 64.4 72.3 471.9 157.1 86.7 71.0 15.7 6.6 63.8 0.2 64.0 8.7 55.3 25% 23% 10% 9%

Satisfactory financial performance, despite deferred revenue recognition in key projects

With OC/CC issues nearly resolved, confident on robust Q4 recouping lost ground substantially

Financial Highlights : Profit & Loss – Q3 | 9M FY25 (contd.)

Q3 FY25

o Challenging quarter, witnessed continued external-led delays in revenue recognition.

- Two projects with aggregate revenue recognition potential of Rs.500+ crores deferred to Q4.

- Accordingly, handover/revenue recognition restricted to certain ongoing projects.

- Nearly 45%+ of Q3 handovers were in JVs & DMs, thus limited impact on SPL Consolidated Revenues.

- But green shoots visible, with OC/CC issues nearly resolved.

o Other Operating Revenues comprises of gains from fair value measurement of Project JV investments and gains on

monetization of development rights, etc.

o Stable margin profile reaffirming strong business fundamentals and profitability.

- Gross Margin at 31%, EBITDA Margins at 24%, and PBT Margin at 8% - substantially similar to FY24 levels.

o Finance costs marginally lower, on both QoQ and YoY, reflects the impact of reduced gross debt on YTD basis.

o Positive net earnings for the quarter, though lower YoY reflecting lower revenue base.

o Set to bounce back strong in Q4, supported by robust handovers. Revenue recognition/handover target under control now; Targeting to handover 3,300+ units in FY25 – i.e., approx. 1,500+ units Q4 vs. 1300+ units in Q4 last year.

9M FY25

o External delays led deferred handover / Income recognition led to muted 9M performance.

o Other Operating Revenues driven by impact of ASK exit from Shriram Pristine Estates, fair value gains in Project JVs, and

monetization of development rights etc.

o Current revenues driven by handover in recently completed projects (Park 63, Shankari, Liberty Square & Grand One).

o Other Expenses slightly higher due to brand transformation costs (one-time) and new project launch expenses.

Rs. 500+ crs of Revenue Recognition Deferred in 2 Key Projects

Project

SPL Area (msf)

Area Sold (%)

Revenue recognized till Q3 (Rs. Crs)

Revenues deferred to Q4 (Rs. Crs)

Reason for delay

Pristine Estates (Bangalore)

0.79

83%

~46

~220

Part-release done; Final Release Order could not come through in Q3 -

Demand for penalty related to pre- acquisition period, challenged by SPL. SPL proactive efforts continued. Pursued legal options simultaneously. Favorable court order received already. Favorable movement in Govt policy framework as well. Customer line-up for registration and handover commenced.

- -

Park 63 Phase 2 (Chennai)

0.92

82%

~205

~288

Final clearances delayed resulting in deferment of revenues. -

Issue under control, customer line-up for registration commenced.

Total Revenue Impact

~508

Occupancy / Completion Certificate issues nearly resolved; To enable revenue recognition in Q4

Consolidated Cash Flows – Q3 | 9M FY25 (Excl. DM & JV cashflows)

Q3 FY25 Q2 FY25 Q1 FY25

9M FY25

FY24

Collection Trends (Rs. In Crs) SPL Own & JDA / JVs / DM

Amount in Rs. Crs

Operating Inflows

Construction

Marketing & Admin Overheads

Other Operating outflows

238

(117)

(49)

(13)

217

(88)

(48)

(13)

163

(76)

(42)

(15)

Operating Outflows

(179)

(149)

(133)

Cash Flow from Operations

Loan Drawls

Loan Repayment

Net flow from Borrowings

Interest expense, net

Other financing cashflows

Cash Flow from Financing

FCF Before New Project Inv.

Less: New Project Inv.*

Net Free Cash flow

Opening Cash & Cash Equiv.

Closing Cash & Cash Equiv.

(88)

(61)

(13)

(73)

(14)

(42)

(56)

127

151

(188)

(37)

(17)

(38)

(31)

(1)

128

127

(55)

(27)

(15)

(6)

(48)

(18)

(44)

(62)

190

128

618

(281)

(139)

(41)

(461)

157

206

(331)

(125)

(45)

(159)

(2)

(117)

(119)

190

823

(361)

(180)

(55)

(596)

227

283

(252)

(67)

(35)

(71)

156

(86)

120

190

1,030

1,053

346

40 81

225

332

112

189

177

273

580

124

430

499

1,391

213

479

699

Q3 FY25

Q3 FY24

9M FY25

9M FY24

FY 24

Own/JDA

DM Total

✓ Strong cash from operations continued.

✓ Net financing outflows negative on account of

scheduled repayment of loans.

✓ New project investment of Rs. 42 Crs in Q3

and Rs. 117 Crs in 9M

✓ 9M FCF negative on debt reduction and new

project investment.

✓ Cash & cash equivalent replenished, now at Rs. 143 Crs, supported by land monetisation proceeds.

_________________ * Includes cash outflows for acquisition of Shriram Serenity & Land near Electronic city during FY25, Shriram 122 West (“JV”) under ASK platform, Pune JDA, Koyambedu, during FY24 & FY25

Strong cash balances to be deployed for growth in coming quarters.

Debt Profile: Well Managed Leverage Ratios & Cost of Debt

Debt Profile & Cost of Debt Trends - Consolidated

Particulars (Rs. in Crs.)

Dec’24

Mar’24

Mar’23

Mar'22

Gross External Debt1

C & CE

Net Debt

Total Equity

Net debt/Equity

472

401

1,309

0.31

631

190

441

1,277

0.35

553

120

433

1,200

0.36

481

140

341

1,131

0.30

Gross and Net Debt (Rs. In Crs.)

Net Debt - Equity

631

553

433

472

441

401

481

341

0.36

0.35

0.30

0.31

✓ SPL Net D-E drops to 0.31x – amongst lowest in the

industry

✓ SPL Net Debt & Cost of Debt on declining trends.

✓ Debt mainly on construction funding.

✓ Declining interest rate environment to help reduce

cost of debt further in the coming quarters.

Cost of Debt %

12.5%

11.9%

11.6%

11.7%

6.5%

6.4%

6.5%

4.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Mar-22

Mar-23

Mar-24

Dec-24

Mar'22

Mar'23

Mar'24

Dec'24

Mar'22

Mar'23

Mar'24

Dec'24

Gross Debt

Net Debt

Cost of Debt

Repo Rate

_____________________________________________________________________________________ 1 As per consolidated financial statements excluding inter-company debt from JVs

Net Debt to Equity dropped further; Amongst lowest in the Sector.

Outlook Q4|FY25

Artist’s impression of Shriram Chirping Woods, Sarjapura, Bangalore

Q4 | FY25 Outlook

Sales volume

Sales value

20% YOY

Collection

Handovers

27% YOY

29% YOY

17% YOY

5.2-5.5 msf

2750-3000 Crs.

1700-1800 Crs.

3300-3500 No's

4.6-4.8 msf

2400-2700 Crs.

1500-1600 Crs.

3300+ No's

n a P 5 2 Y F

k o o l t u O d e s i v e R

_________________________ •

YoY Growth % comparison on the higher end of the estimated numbers

❑ Approval-led launch delays for two quarters impacting new project sales. Expectations were on Pune entry in Q3, on securing

approvals, but delayed on external factors. Bangalore project approvals progressed recently.

❑ Scheduled launches in Pune and Bangalore to help record strong Q4.

❑ Likely to recoup lost ground to large extent, but may still lag initial plans slightly.

❑ Aggressive handovers planned in Q4, as external dependencies nearly resolved. Q4 expected to be significantly superior.

Challenges faced during last 2 quarter is temporary and inherent to the business

SPL’s Mission and medium-term objectives remain intact, and management remains confident of delivery

FY25 Project Delivery: Targeting Ahead of RERA Timelines

Projects Completed and Registration/Revenue Recognition Ongoing

Project Name

Area (msf) Type Ownership Total Units

Handover

RERA date

Status

107 South East Phase I Eden Phase II West woods Chirping Ridge Chirping Grove Phase I Total

0.45 0.25 0.50 0.47 0.25 1.92

Apt. Plots Plots Plots Villas

JV DM DM DM DM

634 158 316 325 108 1,541

128 158 222 232 43 783

19-Jul-25 31-Dec-24 26-Feb-26 11-Oct-27 19-Oct-25

OC recd. Release order recd. Release order recd. Release order recd. OC recd.

Projects Scheduled for Handover in Q4 - Current Status

Project Name

Area (msf)

Type

No. of units

RERA date

Status

Pristine Estates Southern Crest Tower D Park 63 Phase 2 Mystique 107 South East Phase II Shriram WYT Field Total

0.80 0.08 0.93 0.20 0.58 0.59 3.18

Plots Apt. Apt. Apt. Apt. Apt.

377 51 570 152 708 680 2,538

15-May-25 21-Oct-25 31-Jan-27 30-Apr-25 14-Mar-25 26-Nov-25

RO Awaited* OC applied* Part OC Done* Q4 Q4 Q4

✓ Project completion activities on track, to facilitate expedited handover/registrations on receipt of OC/CC

✓ Targeting to complete 5+ msf area in FY25, reflecting enhanced execution capability of SPL in recent years

_________________ * Project complete, OC applied awaiting clearances from statutory authorities

FY25 handover projects on-track to deliver on (or) ahead of schedule

Project Pipeline Update

Project Pipeline (msf)*

Upcoming Projects GDV (Rs. Crs)

Upcoming – 17 msf

1.0

1.4

38.4

4.3

Ongoing – 21. msf

10.3

3.0

3.5

5.5

9.4

Ongoing Owned

Ongoing JDA

Ongoing JV

Ongoing DM

Upcoming Owned

Upcoming JDA

Upcoming JV

Upcoming DM

Sub-Total

Ownership

- Own

- JDA

- JV

- DM

Total GDV – Upcoming Projects

GDV

5,560

3,250

580

280

9,670

Pipeline – By Region

Pipeline – By Development Type

15%

34%

26%

25%

12%

25%

51%

Bangalore

Chennai

Kolkata

Others

Own

JDA

✓ 3 Projects with 1.1 msf of saleable area and GDV

potential of Rs. 850-1000 Crs added during the year.

✓ Project pipeline impressive with 37 projects and 38 msf potential - 22 msf ongoing & 17 msf upcoming.

✓ Upcoming project pipeline with 17 msf potential;

being aggressively beefed-up to meet medium term growth aspirations.

✓ Several new opportunities at an advanced stage of evaluation. Strong accretion likely in the coming quarters.

Targeting to nearly double upcoming project pipeline over the next 2 years

_________________________ Excludes 7 Projects deferred with 8.6 msf taking longer than expected time to covert into live pipeline

Promoter Holdings – An Update

• Mr. Murali acquires additional stake in HoldCo

− SPL’s promoter holding is held through SPHPL (HoldCo)*, in turn owned by Mr.

Murali and SGEWT*.

− Promoters desirous of ownership change at HoldCo level.

− SEBI approval received in Dec’24. First tranche of inter-se promoter transfers

done at HoldCo in Dec’24.

o Mr. Murali now owns 54.8% of HoldCo (vs. 26.7% earlier).

o Effective ownership in SPL at 15.2% (out of 28% Promoter Holding)

Shareholding Pattern – Dec’24

Institutions & Corporate 31%

Promoters, 28%

Public, 41%

− SEBI approval grants one year time for consummation of entire transaction.

Promoter Shareholding Composition

• Impact on SPL, listed company

− No material impact on SPL, as its Promoter Holding remains unchanged.

o Changes envisaged are only at the HoldCo level shareholding.

− SPL will continue to operate under the trusted and well-established brand

name “Shriram Properties” perpetually.

− No royalty payments envisaged beyond FY25.

− New brand identity launched recently to be SPL’s identity going forward**.

Promoter Name

Shriram Properties Holdings Pvt Ltd (SPHPL)*

SGEWT

M Murali

27.7%

0.1%

Total __________________________ * out of 28% held by Promoters, Mr.. M. Murali held 15.2% directly & indirectly through holding shareholding in SPHPL

27.9%

_________________________

•

* Shriram Properties Holdings Private Limited (SPHPL) was disclosed as a Promoter of SPL, along with Mr. Murali and Shriram Group Executive Welfare Trust (SGEWT), in the DRHP/RHP/Prospectus.

** Trademark registration process already underway.

Thank You

Artist’s impression of Shriram Blue, KR Puram, Bangalore

Annexures

Annexure-1: Projects Snapshot by Development Models

Own Developments

Joint Developments

Joint Ventures

Development Management

Execution Track Record

Completed ✓ 7 projects ✓ 5.3 msf.

Ongoing Projects ✓ 9 Projects ✓ 9.4 msf.

Upcoming Projects ✓ 7 Projects ✓ 10.3 msf.

Completed ✓ 25 projects ✓ 11.6 msf.

Ongoing Projects ✓ 5 Projects ✓ 5.5 msf.

Upcoming Projects ✓ 6 Projects ✓ 4.3 msf.

Completed ✓ 6 projects ✓ 3.8 msf.

Ongoing Projects ✓ 3 Projects ✓ 3.5 msf.

Upcoming Projects ✓ 1 Project ✓ 1.0 msf.

Completed ✓ 10 projects ✓ 5.9 msf.

Ongoing Projects ✓ 5 Projects ✓ 3.0 msf.

Upcoming Projects ✓ 1 Project ✓ 1.4 msf.

Annexure-2: Consolidated Cash Flows

– With and Without JV Cashflows

Particulars

Amount in Rs. Crs

Collections DM Income Other Inflows Operating Inflow

Construction

Mktg. & Admin Overheads

Other Operating outflows

Operating Outflow

Cash flow from Operations Loan Drawls

Loan Repayment

Net flow from Borrowings Interest expense, net Other financing cashflows

Cash flow from Financing

FCF before New Project Inv.

Less: New Project Inv. *

Net Free Cash flow

Opening Cash & Cash Equiv. Closing Cash & Cash Equiv.

SPL Consolidated (CFS)

SPL Enterprise (100%)1 (Excl DM)

9MFY25

FY24

9MFY25

FY24

580 37 1 618

(281)

(139)

(41)

(461)

157 206

(331)

(125) (45) 11

(159)

(2)

(117)

(119)

190 71

699 123 1 823

(361)

(180)

(55)

(596)

227 283

(252)

31 (67) (35)

(71)

156

(86)

120 190

858 36 1 895

(383)

(158)

(47)

(588)

307 254

(465)

(211) (96) 20

(287)

(139)

(119)

254 135

1,232 121 1 1,354

(585)

(234)

(69)

(888)

466 363

(396)

(33) (131) (46)

(210)

256

(185)

183 254

_________________ Includes cash outflows for acquisition of Suvilas Realties and SPL’s share of investment in Shriram Pristine Estates (“JV”) , Park 63, Shriram 122 West (“JV”) under ASK platform, 1 Enterprise Cashflows include SPL CFS Cashflows plus 100% share of JVs. Excludes DM project cashflows

For further information, please contact:

Company :

Investor Relations Advisors :

http://www.sgapl.net/images/sgapl_logo.jpg

Shriram Properties Limited CIN – L72200TN2000PLC044560

Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285

Mr.. Shrikanth D S, AGM – Finance Email Id – ir.spl@shriramproperties.com

www.shriramproperties.com

Mr.. Rahul Agarwal / Ms. Brinkle Shah Jariwala rahul.agarwal@sgapl.net / brinkle.shah@sgapl.net +91 98214 38864 / +91 96193 85544 www.sgapl.net

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