Godrej Properties Limited

rs,

roperties.com CIN: L74120MH1985PLC035308 February 25, 2021 BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 The National Stock Exchange of India Limited Exchange Plaza, Plo

5 billion

nnexure 05 3 | GODREJ PROPERTIES I CORPORATE PRESENTATION GODREJ GROUP • Established in 1897 • $5 billion in annual revenue • 1.1 billion people globally use a Godrej product 1 2 • Godrej ranks amongst

1.1 billion

ES I CORPORATE PRESENTATION GODREJ GROUP • Established in 1897 • $5 billion in annual revenue • 1.1 billion people globally use a Godrej product 1 2 • Godrej ranks amongst the most trusted Indian brands •

2.4 billion

eople globally use a Godrej product 1 2 • Godrej ranks amongst the most trusted Indian brands • $2.4 billion brand valuation by Interbrand 3 • Amongst India’s most diversified and trusted conglomerates • R

15%

Products Godrej Industries 19 year CAGR in stock price ` 1 invested in June 2001 is now worth 15% 29% 29% 14 149 143 Note: CAGR calculated for opening prices as of 18 June, 2001 when GCPL and

29%

cts Godrej Industries 19 year CAGR in stock price ` 1 invested in June 2001 is now worth 15% 29% 29% 14 149 143 Note: CAGR calculated for opening prices as of 18 June, 2001 when GCPL and GIL

21 million

st publicly listed developer by booking value over the past five years • Successfully delivered ~21 million sq. ft. of real estate in the past five years • ~186 million sq. ft. of saleable area across In

186 million

ve years • Successfully delivered ~21 million sq. ft. of real estate in the past five years • ~186 million sq. ft. of saleable area across India • Differentiated asset-light business model • Over 250 awar

78 million

rojects • Capital efficient development model Strong Project Pipeline • Added 35 projects with ~78 million sq. ft. saleable area since FY2018 • • Access to Group’s land bank across India (e.g. Vikhroli) S

10x

SENTATION STOCK PERFORMANCE An investment into GPL’s IPO would be worth ~ 10x an identical investment into the BSE Realty Index Value Creation Track Record Particulars BSE S

9.5%

rties BSE Realty Index 11 year CAGR in stock price ` 1 invested in January 2010 is now worth 9.5% 18.1% -3.9% 2.73 6.21 0.65 Note: CAGR calculated for prices as on 04 January, 2010 (the date

18.1%

BSE Realty Index 11 year CAGR in stock price ` 1 invested in January 2010 is now worth 9.5% 18.1% -3.9% 2.73 6.21 0.65 Note: CAGR calculated for prices as on 04 January, 2010 (the date of GPL’

“Source: PropEquity, Investor presentations of listed developers, BofA Research : 12 | GODREJ PROPERTIES I CORPORATE PRESENTATION GODREJ PROPERTIES: DIVERSE PORTFOLIO WITH PAN-INDIA PRESENCE Godrej Properties Diversified Development Pipeline Consistent Track Record of Value Accretive Project Additions Saleable Area (%) Project Additions (msf) 21% 21% 27% 15% 17% 30.6 22.9 19.1 13.4 10.5 10.8 6.6 7.9 6.8 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 MMR NCR Bangalore Pune Others ~186 million sq.”

“This is the first project from India getting registered in the VCS platform.”

“ft.) 2,395,688 1,583,124 51% 1,728,995 39% 6,636,971 5,189,054 28% Booking Value (INR Cr) 1,488 1,189 25% 1,074 38% 4,093 3,532 16% Strong response to new project/phase launches Godrej Green Cove, Pune Godrej Retreat, NCR The Highlands, Panvel • Launched in November 2020 • Total sales stood at 522,048 sq.”

“Includes cancellations in certain projects 23 | GODREJ PROPERTIES I CORPORATE PRESENTATION PROJECT BOOKING (Contd.) Particulars Commercial Projects Godrej BKC, MMR Godrej Eternia, Chandigarh Godrej Genesis, Kolkata Total Grand Total Booking Area (sq.”

“in Q3 FY21 Sarjapur, Bangalore • The project is an outright purchase of land in Sarjapur, Bangalore which has established itself as one of the most preferred residential locations with good connectivity to the Outer Ring Road and several other key hubs of Bangalore • Spread across approximately 15 acres, this project will offer approximately 1.6 million sq.”

“of saleable area comprising of residential apartments of various configurations • It is a 100% owned project Whitefield, Bangalore • The project is an outright purchase of land in Whitefield, Bangalore which is the largest commercial and residential real estate micro market in Bangalore and the land is situated near the proposed metro line connecting Whitefield to Hopefarm Junction • Spread across approximately 18 acres, this project will offer approximately 2.5 million sq.”

“57% (GPL) Profit Share - 58% 100% owned project 100% owned project DM Fee - 11% of Revenue DM Fee - 13% of Revenue Profit Share - 40% Profit Sharing - 49% Share in project specific company 11.09%, Development manager fee Rs 162/sq.”

Legends

1

GPL Economic Interest

1

Legends

Total Saleable Area (million sq. ft.): ~186 No. of Projects: 84 (As on December 31 2020) st STRENGTHS • 1.1 billion people globally use a Godrej product 1 Godrej Brand • Godrej Properties ranked as the most trusted real estate brand in the 2019 Brand Trust Report • GPL brings the Godrej brand’s reputation for trust, quality and corporate governance to the real estate sector Effective Land Sourcing Model • Competitive advantage in executing joint development projects • Capital efficient development model Strong Project Pipeline • Added 35 projects with ~78 million sq. ft. saleable area since FY2018 • • Access to Group’s land bank across India (e.g. Vikhroli) Sales and Execution Capability Access to Capital • India’s largest publicly listed developer by cumulative booking value over the past five years • Successfully delivered ~21 million sq. ft. of real estate in the past five years • Confidence of capital markets demonstrated by sector leading stock performance since IPO • Lowest bank

GPL Economic Interest

Profit Sharing - 50% GPL Economic Interest: Revenue Based - 65% (GPL owns 25.1% of equity in the project specific company) 28 | GODREJ PROPERTIES I CORPORATE PRESENTATION AGENDA AGENDA Overview 01 Macroeconomic Tailwinds 02 Q3 FY21 Operational Highlights 03 Q3 FY21 Financial Highlights 04 Annexure 05 29 | GODREJ PROPERTIES I CORPORATE PRESENTATION CONSOLIDATED FINANCIAL STATEMENTS – P & L Particulars Q3 FY21 Q3 FY20 % Change Q2 FY21 % Change 9M FY21 9M FY20 % Change (INR Cr) Total Income 306 Adjusted EBITDA* EBITDA** Profit before tax Net Profit after tax 96 81 31 14 491 177 151 88 47 -38% 238 -46% -46% -64% -69% 82 77 23 7 29% 17% 6% 39% 102% 709 222 198 39 2 1,569 -55% 582 481 301 168 -62% -59% -87% -99% Total Income = Sales & Operating Income + Other Income + Share of profit in Joint Venture *Adjusted EBITDA = EBITDA + interest included in cost of sale **EBITDA = PBT + Interest + Depreciation + Share of profit in Joint Venture PBT = PBT + share of profit in Joint Venture Note: All N