SHRIRAMPPSNSE27 May 2025

Shriram Properties Limited has informed the Exchange about Investor Presentation

Shriram Properties Limited

May 27, 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 May 22, 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 Audited Financial Statements for the quarter and the year ended March 31, 2025.

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 P: +91-80-40229999 | F: +91-80-41236222 | W: www.shriramproperties.com

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

CIN No. : L72200TN2000PLC044560 Email: cs.spl@shriramproperties.com

Investor Presentation Q4 | FY25 Results

Artist’s impression of Shriram Sapphire, Bangalore

May 27, 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.

Q4 |FY25 Overview

Artist’s impression of Shriram Esquire, Koramangala, Bangalore

Significant Headwinds during FY25, but Mostly Overcome

Macro Conditions - Interim challenges, but mostly overcome

• Delayed approvals and prolonged OC/CC processes impacted Q2/Q3, driving muted FY25. • Subdued launches and supply shrinkage across the sector—not demand weakness. • Underlying demand trends strong, supported by strong economic trends. • Launch momentum across the region improving; Issues appear behind us to support strong FY26.

Launch delays led missed volume targets

• Approval delays led launch deferment, multiple times both in Pune & Bangalore • Pune launched now; Bangalore project cleared for Q1’26. • Deferment of 2 key launches impacted volumes in Q4 – Strong absolute volumes, but weak YoY.

Revenue recognition challenges overcome; substantial ground recouped though not fully

• Occupancy Certificate (OC/CC) issue resolved in Shriram Pristine Estates & Park63, but only towards end

of Mar’25; Revenue and Earnings could have been stronger if received earlier.

• Substantial ground recouped, resulting in robust earnings growth in Q4. • Record Handover of 3,150+ units in FY25 despite OC/Khatha constraints.

Strong Operational Momentum

• With strong operational momentum and a resilient market demand, FY26 is poised for sustainable

growth and enhanced financial performance.

• Resolution of regulatory bottlenecks to accelerate project launches and revenue recognition.

KPI Summary : FY25

s ’ I P K 5 2 Y F

L & P 5 2 Y F

-6% YoY

-3% YoY

+7% YoY

+5% YoY

4.31

msf1

2,288

Rs. Crores

Sales Volume

Sales Value

1,484

Rs. Crores

Collection

3,154

No's

Handovers

Revenues Rs. 973 Crs.

Gross Profit Rs. 249 Crs.

EBIDTA# Rs. 203 Crs.

PAT Rs. 77 Crs.

• Maintained strong momentum across key KPI’s despite regulatory delays impacting launches & OC.

•

Recovered substantial lost-ground from earlier quarters across key metrics through focused execution in Q4.

Despite strong Q4 recoup, YoY growth could not be stronger on full year basis in FY25.

FY25 performance demonstrated SPL’s agility and resilience in a dynamic environment.

• ___________ Notes: 1 msf = Million Square Feet # including share of JV profit (JV accounted for 26% of Handovers in FY25)

KPI Summary : Q4 FY25

s ’ I P K 4 Q

L & P 4 Q

5% QoQ

1 % QoQ

31% QoQ

119% QoQ

1.32

msf1

673

Rs. Crores

455

Rs. Crores

1,396

No's

Sales Volume

Sales Value

Collection

Handovers

Revenues ₹ 428 Crs.

Gross Profit ₹ 117 Crs.

EBIDTA# ₹ 89 Crs.

PAT ₹ 48 Crs.

• Q4 momentum strong – Project OC/approvals received, though towards end of Mar’25.

•

Two major launches moved to Q1FY26 - Pune & Bangalore; Pune launched in May’25 successfully.

Despite late receipt of OCs, substantially achieved expected handover volumes during Q4.

Deferred handover led revenues from Q2/Q3 recouped mostly; Strong revenue recognition boosted Q4 earnings.

• ___________ Notes: 1 msf = Million Square Feet # including share of JV profit (JV accounted for 37% of Handovers in Q4FY25)

FY25 Quarterly KPI Trends

Sales Volume (msf)

Sales Value (Rs. Crs)

Collections (Rs. Crs)

1.03

0.70

1.26

1.32

568

376

670

673

455

321

363

346

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Customer Handovers (units)

Revenue Trends (Rs. Crs)

PAT Trends (Rs. Crs.)

1,396

428

535

587

636

211

155

180

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY25

Q2FY25

Q3FY25

Q4FY25

Q1FY25

Q2FY25

Q3FY25

Q4FY25

SPL's execution excellence and proactive approach drove strong Q4 momentum, setting a positive tone for FY26 with improved visibility on OCs and upcoming launches.

SPL Performance in the Sectoral & Peer Context

Categories driving residential Sales during CY2024*

Rs. 50 lacs to Rs. 1.0 Crore ticket size

Rs. 1.0 Cr to 3.0 Crore ticket size

34%

Share in CY 2024

38%

Share in CY 2023

39% Share in CY 2024

37% Share in CY 2023

Nearly 75% of 2024 absorption pan-India in the mid-market / mid- premium categories

PAN India trends FY25 vs FY24

Core Market Launch trends

Core Market Absorption trends

Core Market Inventory trends

(No. Units in lacs)

FY25

FY24

4.47

4.01

4.23

4.93

(No. Units in lacs)

FY25

FY24

5.60

5.54

0.75

0.57

(No. Units in lacs)

FY25

FY24

0.66

0.62

0.21

0.18

0.15

0.21

0.18

0.22

0.17

(No. Units in lacs)

FY25

FY24

0.59

0.38

0.29

0.27

0.28

0.23

Launches

Sales

Inventory

Bangalore

Chennai

Kolkata

Bangalore

Chennai

Kolkata

Bangalore

Chennai

Kolkata

SPL’s volume performance vs Peers during FY25

-28% YoY

-9% YoY

-7% YoY

•

Industry-wide launch and supply pressures were a short-term aberration;

SPL’s performance—aligned with market trends—is poised for recovery in FY26 as launches gain momentum.

Peers

SPL ________________ * Source: JLL & Anarock quarterly & Annual research reports 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.

Regional peers

Key Highlights: | FY25 & Q4

Operational Performance

Financial Performance

• Sales Volumes & Values muted due to multiple deferment of launches in FY25. Launches could be done only in Q1’26.

• Satisfactory financial performance, despite delayed receipt

of OC’s towards end of Fiscal.

• FY25 Sales Volume at 4.3 msf; Sales Value at ~2,300 Crs.

• Substantial revenue recognition in Q4.

• Quarterly growth could have been stronger, but for

• FY25 Revenues at Rs. 973 Crores; Q4 Revenues at Rs. 428

deferment of launches, pending approvals, to Q1 FY26.

Crs (+138% QoQ), reflecting pent-up registrations.

• Record collection at Rs. 1,484 Crs in FY25; Q4 up 35% YoY

• Margins remain healthy: ~30% Gross margin, ~21% EBIDTA

and 31% QoQ reflecting increased handover.

and 8% PBT margins.

• Record high construction; gaining further momentum.

• Rs. 305 Crs cashflows from operations during FY25.

Project Execution

Business Development & Project Pipeline

• 4.2+ msf area completed; 9 projects reached OC in FY25.

• Business Development momentum picking-up strongly.

• Record Handover of 3,150+ units, reflecting execution

• Added 2.1 msf (GDV of 1,700+ Crs) in FY25

track record. Handed over ~1,400 units in Q4.

• Majority of H2 handovers in JV/DM projects (57%) impact reflected in JV profit share. Topline boosted by Own & JD share.

•

Increased spend fuelling faster execution & delivery ahead of committed timelines.

- 2 projects with 1.1 msf dev. potential concluded in H2

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

• Significant thrust on pipeline enhancement; several new

projects at advanced stage of evaluation.

• Cashflows unlocked through land monetization.

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

FY25 Launches: Fewer But Successful Launches

New Project Launches – FY25

New Phase Launches – FY25

Project details

Region

Product

Area (msf)

Project details

Region

Product Area (msf)

Shriram Serenity

Bangalore Apartment

Shriram Swargam

Chennai Apartment

Shriram Symphony

Kolkata Apartment

Total

0.37

1.00

0.86

2.23

24 Karat

Chennai Apartment

Sanctum

Chennai Apartment

Belvedere

Bangalore Apartment

Total

0.09

0.16

0.12

0.37

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

Pune Launch: Encouraging successful start

400+ Walk-ins in 48 hours of launch

125+ Bookings in 48 hours of launch

Buoyed by tremendous response to our maiden launch, Pune is primed for the next wave of accelerated growth

Glimpses of Pune launch event

The launch vibes are truly energizing the entire team with renewed enthusiasm

Bangalore Gearing-up for the Launch*; Pre-Launch Activities Begun

Prelaunch campaign of Shriram Songs of the Earth (Near Electronic City, Bangalore) comprising – 344 units (0.5 msf), with GDV of 350+ Crs

________________ * Deferred from H2 FY25; Plan approvals received, awaiting RERA

Prelaunch campaigns receiving amazing response, launch activities gets further boost

FY25 Project Completion – Mostly Ahead of Schedule

Projects Completed and Handover/Revenue Recognition Ongoing

Project Name

107 South East Phase I Eden Phase II West woods Chirping Ridge Chirping Grove Phase I WYT Field Phase I Park 63 2A Pristine Estates 107 South Phase II Total

Area (msf) 0.45 0.24 0.50 0.47 0.25 0.59 0.40 0.80 0.58 4.28

Type Apt. Plots Plots Plots Villas Apt. Apt. Plots Apt.

Ownership JV DM DM DM DM JV Own Own JV

Total Units 634 158 316 325 108 680 254 377 708 3,560

Handover 424 158 316 325 63 169 216 191 49 1,911

RERA date 19-Jul-25 31-Dec-24 26-Feb-26 11-Oct-27 19-Oct-25 26-Nov-25 31-Jan-25 15-May-25 14-Mar-25

26 Projects

13.5+ msf

(including Phases) reached OC/CC stage in last 5 years

With more than 90% of Projects delivered well ahead of RERA

Handovers witnessed significant momentum in Q4FY25 with resolution of OC/CC delays, leading to record 3150+ handovers during FY25 and boosting Q4 earnings

Pricing Trends Stable; Augurs Well for Strong Demand

Price Increase by Project – Top Projects only

Avg. Portfolio Price increase Trends

Project Name

Dev Type

FY’25

FY‘24

Increase from FY’24

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

7,048

6,857

6,140

7,829

7,616

7,415

7,021

5,644

5,582

4,537

7,003

6,143

5,956

5,500

7,112

7,193

6,603

6,556

5,267

5,065

4,286

6,619

15%

12%

10%

12%

10%

Avg realisation increase during FY25

12%

Avg realisation increase during

FY24

Avg realisation increase during

FY23

Realizations Trends by Development Type (Rs/Sqft)

6 6 6 , 6

1 5 3 , 6

8 0 0 , 6

9 8 2 , 5

4 8 2 , 5

✓ Portfolio avg. realisation up ~3% 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 pricing outlook over the next 12-18 months.

6 5 4 , 3

6 5 1 , 3

3 0 9 , 2

7 8 5 , 2

2 8 5 , 2

Plots

Mid Market

FY21

FY22

FY23

FY24

FY25

Financial Highlights : Q4 | FY25

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

P&L Snapshot

P&L Summary Snapshot

Particulars (Rs. Crs)

Q4FY25

9MFY25

FY25

Q4 Contribution

Total Revenues

EBIDTA*

PBT

PAT

_________________ * EBITDA includes Share of Profits from JVs

428

546

114

973

203

44%

71%

62%

Handover Trends during FY25

JV Projects Handover trends during FY25

JV Projects Handover trends during Q4FY25

9M FY25, 56%

Q4 FY25, 44%

Own/JDA, 46%

JV, 26%

DM, 28%

JV, 37%

Own/JDA, 38%

DM, 25%

9M FY25

Q4 FY25

Own/JDA

JVS accounted for 37% of Handovers during Q4 FY25; and 26% for the full year

Q4 FY25 Q4 FY24 302.3

407.7

YoY

QoQ

FY25

FY24

Financial Highlights : Profit & Loss – Q4 | FY25

Particulars (Rs 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

Add: Share of profit/(loss) of JVs

EBITDA with Share of JV Profit/(Loss)

Finance costs - Interest expense & other finance cost - Unwinding Impact (non-cash / GoWB Royalty)

Depreciation

Profit Before Tax

Tax expense

11.6

419.3

8.2

427.5

290.7

22.7

45.5

50.7

353.0

5.4

358.4

238.3

21.9

32.5

358.9

292.7

68.6

20.6

89.2

24.2 20.0 4.2

2.4

62.6

14.9

65.7

(19.8)

45.9

31.1 25.5 5.6

2.5

12.3

(7.8)

Q3 FY25 121.1

51.3

172.4

7.5

19%

143%

19%

179.9

138%

83.3

23.4

29.4

136.1

43.8

(0.4)

43.4

26.6 22.5 4.1

2.6

14.2

1.2

23%

94%

-22%

409%

164%

57%

106%

-9%

341%

Net Profit _________________ *Other Operating Revenues include impact of ASK exit from Shriram Pristine Estates, fair value gains in Project JVs and monetization of development rights etc.

267%

137%

13.0

20.1

47.7

77.3

823.4

125.8

949.2

24.2

973.4

574.9

92.5

126.7

794.1

179.3

864.6

103.0

967.6

19.8

987.4

573.6

86.9

104.1

764.6

222.8

23.5

(19.6)

202.8

104.6 88.2 16.4

10.3

87.9

10.6

203.2

117.8 96.5 21.3

9.1

76.3

0.9

75.4

FY25 Margins

30% Gross Margin

21% EBIDTA Margin

8% PAT Margin

Satisfactory FY25 financial performance, with recognition of deferred revenues from Q2/Q3 in key projects, reflecting robust Q4 with recouping the lost ground substantially

Financial Highlights : Profit & Loss – Q4 | FY25 (contd.)

Q4 FY25

o Revenue recognition during Q4 witnessed significant momentum with handovers in key projects (Park63 & Pristine

estates); Delayed OC/CC from Q2/Q3 received towards end of Q4.

o ~1,400 units handovers in Q4, 37% in JVs and its impact reflected in share of profit from JVs

o Stable margin profile reaffirming strong business fundamentals and profitability.

- Gross Margin at 29%, EBITDA Margins at 21%, and PAT Margin at 11%.

o Finance costs lower, on both QoQ and YoY, reflects the impact of reduced gross debt during FY25.

o Strong growth in Q4 earnings, both YoY and QoQ.

FY25

o External delays led deferred handover / Income recognition during Q2/Q3 and OC/CC receipts towards Q4 led to

muted FY25 performance.

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

and monetization of development rights etc.

o Current revenues driven by handover in recently completed projects (Park 63, Pristine Estates, Shankari, Liberty

Square & Grand One).

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

Consolidated Cash Flows – Q4 | FY25 (Excl. DM & JV cashflows)

Amount in Rs. Crs

Operating Inflows

Construction

Marketing & Admin Overheads

Other Operating outflows

Operating Outflows

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 Investment

Net Free Cash flow

Opening Cash & Cash Equiv.

Closing Cash & Cash Equiv.

Q4 FY25

9M FY25

FY25

FY24

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

365

(141)

(58)

(18)

(217)

148

244

(101)

143

(14)

(2)

127

275

(26)

249

320

618

(281)

(139)

(41)

(461)

157

206

(331)

(125)

(45)

(159)

(2)

(117)

(119)

190

983

(422)

(197)

(59)

(678)

305

450

(432)

(59)

(32)

273

(143)

130

190

320

823

(361)

(180)

(55)

(596)

227

283

(252)

(67)

(35)

(71)

156

(86)

120

190

1,029

176

266

587

455

59 76

320

1,484

236

342

1,391

213

514

907

664

Q4FY25

9MFY25

FY25

FY24

✓ Strong cash from operations continued.

✓ New project investment of Rs. 143 Crs

during FY25.

✓ Free cashflows of Rs. 130 Crs during FY25.

✓ Cash & cash equivalent replenished, now at Rs. 320 Crs, supported by handover led collections and land monetisation proceeds.

_________________ * Includes cash outflows for acquisition of Shriram Serenity , Pune & Land near Electronic city, Shriram 122 West (“JV”) under ASK platform, Pune JDA, Park 63 during FY24 & FY25

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

Cashflow Snapshot

FY25 Cashflow Summary Snapshot

305Crs

⏶+34% 273Crs

⏶+75% 143Crs

⏶+66% 130Crs

Cashflow from Operations

FCF before Investment

New Project Investments

Free Cashflows

⏶+86%

Cashflow Trends

Cashflow from Operations

FCF before Investments

New Project Investments

Free Cashflows

647

545

365

305

227

115

273

116

156

136

143

180

130

-20

FY23

FY24

FY25

Total

FY23

FY24

FY25

Total

FY23

FY24

FY25

Total

FY23

FY24

FY25

Total

545 Crs

FCF before Investment in last three years

365 Crs

New Project Investment in last three years

180 Crs

Free Cash flow unlocked in last three years

Free Cashflows of ~200 Crs unlocked in last three year depicts operational efficiency of projects

Debt Profile: Well Managed Leverage Ratios & Cost of Debt

Debt Profile & Cost of Debt Trends - Consolidated

Particulars (Rs. in Crs.)

Mar’25

Mar’24

Mar’23

Mar'22

industry

✓ SPL Net D-E drops to 0.24x – amongst lowest in the

Gross External Debt1

C & CE

Net Debt

646

320

326

631

190

441

553

120

433

481

140

341

Total Equity

1,356

1,277

1,200

1,131

Net debt/Equity

0.24

0.35

0.36

0.30

✓ 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.

Gross and Net Debt (Rs. In Crs.) 646

631

553

481

341

433

441

0.30

326

Net Debt - Equity

0.36

0.35

0.24

Mar-22

Mar-23

Mar-24

Mar-25

Mar'22

Mar'23

Mar'24

Mar'25

Gross Debt

Net Debt

Cost of Debt %

11.9%

11.6%

11.3%

6.5%

6.4%

6.5%

12.5%

4.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

Mar'22

Mar'23

Mar'24

Mar'25

Cost of Debt

Repo Rate

Net Debt to Equity dropped further; Amongst lowest in the Sector. Significant headroom for growth funding needs. _____________________________________________________________________________________ 1 As per consolidated financial statements excluding inter-company debt from JVs

Outlook |FY26

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

Meaningful Growth Journey in Last 5 Years

Sales Volume (msf)

Sales Value (Rs. Crs)

Collections (Rs. Crs)

4.6

4.3

2,362

2,288

1,484

1,391

4.0

3.8

3.0

1,846

1,482

1,244

1,263

1,194

925

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

Customer Handovers (units)

Revenue Trends (Rs. Crs)

PAT Trends (Rs. Crs.)

3,015

3,154

2,151

987

973

814

501

518

1,054

1,206

FY21

FY22

FY23

FY24

FY25

-68

FY21

FY22

FY23

FY24

FY25

FY21

FY22

FY23

FY24

FY25

SPL delivered satisfactory performance amidst external headwinds; Strong operating platform, proven execution track record, geared for next leap….

FY26 – Reset. Rebuild. Rise.

Launches Better Launch Visibility and Better Launch Preparedness with 1 project already launched

Pipeline

Execution

Better Business Development momentum

Construction & OC milestones synchronised for Revenue recognition

Approvals

Pune Success

Sector Outlook

Sufficient time cushion in Approval & launches planned

Strategic move to Pune, early success encouraging. Will drive further growth

Mid Market Segment, Our Core Markets, RE sector on positive outlook

Challenges behind; Turning the Corner — Growth Levers Ready, Headwinds Easing

Mission 1-2-3-4 (FY28): On a Right Path; Confident of Delivery

Ongoing Project Status – In Area (msf)

19.2 msf Launched

15.7 msf Sold

8.0 msf Revenue Already Recognised

7.7 msf Revenue Pending Recognition

3.5 msf Unsold

3.5 msf To be sold & Revenue be recognised

Revenue recognition Potential 11.2 msf (5,000+ Crs) Own/JDA: 6.1 msf (Rs.3,100 crs+) JV: 3.5 msf (Rs.1,800 crs)

•

s s e c c u S n o i s s i

M o t y e K s i

n o i t i d d A e n

i l

e p P

FY28 Mission Target

Sales Value:

Rs. ~5,000 crs

Revenues:

Rs. 2,500 - 3,000 crs

Earnings (PBT): Rs. 250 - 280 crs

~20 msf

3 years cumulative sales volume required to achieve the mission

~30-35 msf

~20.5 msf (3.5+17)

~15-20 msf

Pipeline required to achieve the target

Pipeline available (Ongoing Unsold+ Pipeline Live)

Pipeline addition to be done in next 12 to 18 months to achieve the mission

• ~3 msf near closure

~30+ projects under evaluation

• 5-6 msf at advanced stage of

diligence

• Additional 10+ msf under

active evaluation

FY26 Outlook Guidance

28% YOY

44% YOY

35% YOY

14% YOY

5.2-5.5 msf

3000-3300 Rs. Crores

1800-2000 Rs. Crores

3300-3600 Units

Sales Volume

Sales Value

Collections

Handovers

8-10 Projects

3.5-4.0 msf

7.0-8.0 msf

4500-5000 Rs. Crores

Completion

Project Delivery

Pipeline addition

GDV Addition

Strategic Objectives:

• Growth Momentum: Target 20%+ CAGR in sales over next 3 years

•Sustaining Profitability: Strong earnings growth momentum with improving profitability and returns

• Strong Operating Platform: Reinforced S&M team; Strong launch pipeline demonstrated execution & handover capabilities

• Strong momentum in Pune : Capitalize on early success and create healthy pipeline and sales momentum in Pune

FY 26 Launch Preparedness

5-6 msf launchable area

8-10 Projects

4,500+ Cr GDV Potential

2,000 Cr+ FY26 Launch Sales

54%

Bangalore

19%

Chennai

13%

Kolkata

24%

Own

68%

Apartment

62%

JDA

16%

Villas

47%

36%

Mid Premium

Mid Market

14%

Plots

14%

Plots

15%

Pune

Others

With launch predictability easing, FY26 launches seems more certain

FY 26 Project Completion & Earnings predictability

4+ msf

Delivery area

70%

Bangalore

10%

Chennai

8-10 OC’s

Projects

3,800+ units Handover Potential

70%

Own & JDA

80%

Apartment

20%

10%

Villas

20%

Kolkata

10%

Others

✓ Over ₹1,400 Crs of unrecognized revenue potential from projects expected to be

completed during FY26 to hit revenue recognition milestones.

✓ Continued revenue recognition from recently completed developments along with FY26

completion projects, is set to drive a strong earnings outlook for the year.

With OC/CC approval process now streamlined and returning to normalcy, revenue predictability for FY26 has significantly improved.

Project Pipeline Update

Project Pipeline (msf)*

Upcoming – 17 msf

Upcoming Projects GDV (Rs. Crs)

Ongoing – 19. msf

4.3

9.6

2.3

3.5

5.5

7.9

1.0

2.3

36.4

Ownership

- Own

- JDA

- JV

- DM

Ongoing Owned

Ongoing JDA

Ongoing JV

Ongoing DM

Upcoming Owned

Upcoming JDA

Upcoming JV

Upcoming DM

Sub-Total

Total GDV – Upcoming Projects

GDV

5,020

3,250

580

920

9,770

Pipeline – By Region

Pipeline – By Development Type

16%

28%

35%

21%

13%

12%

27%

48%

Bangalore

Chennai

Kolkata Others

Own

JDA

✓ 4 Projects with 2.1 msf of saleable area and GDV potential of Rs. 1700+ Crs added during the year.

✓ Project pipeline impressive with 37 projects with 38

msf – (22 msf ongoing & 17 msf upcoming).

✓ Upcoming project pipeline with 17 msf potential; being aggressively beefed-up to meet mission 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)

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

• 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**.

Shareholding Pattern – Mar’25

Institutions & Corporate 31%

Promoters, 28%

Public, 41%

Promoter Shareholding Composition

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.

Promoter Group holding to remain stable

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 ✓ 8 projects ✓ 6.2 msf.

Ongoing Projects ✓ 9 Projects ✓ 7.9 msf.

Upcoming Projects ✓ 7 Projects ✓ 9.6 msf.

Completed ✓ 24 projects ✓ 11.6 msf.

Ongoing Projects ✓ 5 Projects ✓ 5.5 msf.

Upcoming Projects ✓ 6 Projects ✓ 4.3 msf.

Completed ✓ 4 projects ✓ 3.8 msf.

Ongoing Projects ✓ 3 Projects ✓ 3.5 msf.

Upcoming Projects ✓ 1 Project ✓ 1.0 msf.

Completed ✓ 12 projects ✓ 6.1 msf.

Ongoing Projects ✓ 4 Projects ✓ 2.3 msf.

Upcoming Projects ✓ 2 Project ✓ 2.3 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)

FY25

FY24

FY25

FY24

858 41 84 983

(422)

(197)

(59)

(678)

305 450

(432)

18 (59) 9

(32)

(273)

(143)

130

190 320

699 123 1 823

(361)

(180)

(55)

(596)

227 283

(252)

31 (67) (35)

(71)

156

(86)

120 190

1,210 41 84 1,335

(581)

(224)

(67)

(872)

463 643

(702)

(59) (114) 12

(161)

302

(167)

(135)

254 389

1,232 121 1 1,354

(585)

(234)

(69)

(888)

466 363

(396)

(33) (131) (46)

(210)

256

(185)

183 254

_________________ 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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