Brigade Enterprises Limited — Investor Presentation 2024

May 28, 2024

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Ref: BEL/NSEBSE/IP/28052024

28[th] May, 2024

Listing Department Department of Corporate Services – Listing National Stock Exchange of India Limited BSE Limited Exchange Plaza, P. J. Towers Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051

Re.: Scrip Symbol: BRIGADE/Scrip Code: 532929

Dear Sir/Madam,

Sub.: Investor Presentation

We are enclosing herewith the Investor Presentation for the quarter and financial year ended 31[st] March, 2024.

The above information is also hosted on the website of the Company at www.brigadegroup.com

Kindly take the same on your records.

Thanking you,

Yours faithfully,

For Brigade Enterprises Limited

Om Prakash Digitally signed by Om Prakash Palanimuthu Palanimuthu Date: 2024.05.28 18:09:30 +05'30' P. Om Prakash Company Secretary & Compliance Officer

Encl.: a/a

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Investor Presentation – FY 24 (CIN: L85110KA1995PLC019126)

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Multiple Domains; Single-Minded Commitment

• Established in 1986, one of India’s leading and trusted property developers

• A multi-asset class developer with Residential,

• Office, SEZ, Retail, Hospitality, Senior Living, Schools and India’s first Real Estate Accelerator Program

• Reputation of building ‘Grade A’ properties

• Strong partnership with marquee investor - GIC

• Listed on BSE & NSE with a market cap of approximately USD 3.4 Bn as of May 2024

• Consistent EBITDA margin of ~26%-28% for the past 8 years

• Rated AA- ‘Stable’ by ICRA and CRISIL

• Certified as a Great Place to Work, 13 years in a row

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Offices
Retail
Clubs
Hotels
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Convention Centres

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Schools Industrial parks & logistics proptech accelerator music museum

APARTMENTS

VILLAS

INTEGRATED ENCLAVEs plotted developments

skill development academy

3 2

Transforming City Skylines

280+ buildings 86+ Mn sq.ft. Delivered

22 Million sq.ft. Ongoing projects

16 Million sq.ft. Upcoming launches

License owners for six World Trade Centers in South India

Among the Top 10 listed Developers in the country, by market capitalization

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GIFT city
hyderabad
bengaluru
CHENNAI
mysuru
kochi
Trivandrum
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3

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Our Mission, Vision, Values

Our SHARED MISSION

To constantly endeavour to be the Preferred Developer of Residential, Commercial & Hospitality spaces in the markets in which we operate, without compromising on our Core Values, for the benefit of all our Stakeholders.

Our SHARED VISION

To be a World-class Organisation in our Products, Processes, People and Performance.

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Our CORE VALUES QC-FIRST

• Q uality • C ustomer Centricity

• F airness • I nnovation

• R esponsible S ocially • T rust

4

Segment Highlights - FY 24

Real Estate - On Sale Basis

Achieved Pre-sales of INR 60,125 Mn in FY 24 and INR 22,430 Mn in Q4 FY 24 – the highest ever for the quarter and the financial year

Sale volume of 7.55 Mn sft in FY 24 and 2.72 Mn sft in Q4 FY 24

Average realization stood at INR 7,968/sft during FY 24, an increase of 23% over FY 23

Lease Rentals

• Witnessed strong performance with a net absorption of more than 1 Mn sft during the year ; demand driven by medium & large sized office space dominated by automobile, technology, engineering and manufacturing sectors.

Revenue stood at INR 9,377 Mn during FY 24, a growth of 25% over FY 23

• 97% occupancy across SEZ projects, which is 82% of overall office portfolio without denotifying, underscoring our commitment to quality assets; 100% occupancy across Non-SEZ projects

Hospitality

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9%
19%
INR 50,641 Mn
72%
Real Estate Lease Rentals
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Lease Rentals Hospitality

Revenue surged 18% to INR 4,641 Mn during FY 24 over FY 23 fuelled by increased occupancy and ARRs

ARR stood at INR 6,483 and occupancy at 72% for FY 24 , a growth of 8% & 4% respectively over FY 23

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Highest ever collections of INR 59,151 Mn during FY 24
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5

ESG Updates - FY 24

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: ” “Carbon abatement/ NetZero” strategies Integration of ESG elements into our “ Supply Chain Management Discussion on carbon abatement strategy along with supplier catergorization & criticality assessment of key with key stakeholders is in progress. suppliers has been completed.

Sourcing of tech-platform for monitoring and measuring of ESG progress is in final stages.

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: Pilot Project (residential) Construction materials, energy, water, waste and carbon interventions have been finalized. Estimation of embodied carbon load from construction BOQ along with carbon offset strategy is under progress.

: Learning & Development Conducted various training programs for cross-functional teams on various aspects of ESG.

6

Summary: Ongoing Projects

total project area

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	Projects Real Estate projects for sale Brigade El Dorado Brigade Cornerstone Utopia Brigade Orchards Brigade Residences at WTC Chennai Brigade Twin Towers – Tower B Total Real Estate (A) Brigade Twin Towers – Tower A & C Brigade Square, Trivandrum Arcadia at Brigade Cornerstone Utopia Total Leasing (B) IBIS Styles, Mysuru Total Hospitality (C) Total (A+B+C) 10.95 5.14 2.54 1.35 0.35 0.55 20.88 0.66 0.19 0.12 0.97 0.11 0.11 21.96 7.25 5.14 1.69 0.92 0.18 0.55 15.73 0.66 0.19 0.08 0.93 0.11 0.11 16.77 3.70 - 0.85 0.43 0.17 - 5.15 - - 0.04 0.04 - - 5.19 Project Area Co Share LO/JV Share Area in Mn sft	Projects Real Estate projects for sale Brigade El Dorado Brigade Cornerstone Utopia Brigade Orchards Brigade Residences at WTC Chennai Brigade Twin Towers – Tower B Total Real Estate (A) Brigade Twin Towers – Tower A & C Brigade Square, Trivandrum Arcadia at Brigade Cornerstone Utopia Total Leasing (B) IBIS Styles, Mysuru Total Hospitality (C) Total (A+B+C) 10.95 5.14 2.54 1.35 0.35 0.55 20.88 0.66 0.19 0.12 0.97 0.11 0.11 21.96 7.25 5.14 1.69 0.92 0.18 0.55 15.73 0.66 0.19 0.08 0.93 0.11 0.11 16.77 3.70 - 0.85 0.43 0.17 - 5.15 - - 0.04 0.04 - - 5.19 Project Area Co Share LO/JV Share Area in Mn sft	Projects Real Estate projects for sale Brigade El Dorado Brigade Cornerstone Utopia Brigade Orchards Brigade Residences at WTC Chennai Brigade Twin Towers – Tower B Total Real Estate (A) Brigade Twin Towers – Tower A & C Brigade Square, Trivandrum Arcadia at Brigade Cornerstone Utopia Total Leasing (B) IBIS Styles, Mysuru Total Hospitality (C) Total (A+B+C) 10.95 5.14 2.54 1.35 0.35 0.55 20.88 0.66 0.19 0.12 0.97 0.11 0.11 21.96 7.25 5.14 1.69 0.92 0.18 0.55 15.73 0.66 0.19 0.08 0.93 0.11 0.11 16.77 3.70 - 0.85 0.43 0.17 - 5.15 - - 0.04 0.04 - - 5.19 Project Area Co Share LO/JV Share Area in Mn sft	Projects Real Estate projects for sale Brigade El Dorado Brigade Cornerstone Utopia Brigade Orchards Brigade Residences at WTC Chennai Brigade Twin Towers – Tower B Total Real Estate (A) Brigade Twin Towers – Tower A & C Brigade Square, Trivandrum Arcadia at Brigade Cornerstone Utopia Total Leasing (B) IBIS Styles, Mysuru Total Hospitality (C) Total (A+B+C) 10.95 5.14 2.54 1.35 0.35 0.55 20.88 0.66 0.19 0.12 0.97 0.11 0.11 21.96 7.25 5.14 1.69 0.92 0.18 0.55 15.73 0.66 0.19 0.08 0.93 0.11 0.11 16.77 3.70 - 0.85 0.43 0.17 - 5.15 - - 0.04 0.04 - - 5.19 Project Area Co Share LO/JV Share Area in Mn sft	95% 4% 1% 21.96 Mn sq.ft BRIGADE’S SHARE OF PROJECT AREA Real Estate Lease Rentals Hospitality Real Estate Lease Rentals Hospitality 94% 5% 1% 16.77 Mn sq.ft
	Projects	Project Area	Co Share	LO/JV Share
	Real Estate projects for sale	10.95	7.25	3.70
	Brigade El Dorado*	5.14	5.14	-
	Brigade Cornerstone Utopia*	2.54	1.69	0.85
	Brigade Orchards*	1.35	0.92	0.43
	Brigade Residences at WTC Chennai*	0.35	0.18	0.17
	Brigade Twin Towers – Tower B*	0.55	0.55	-
	Total Real Estate (A)	20.88	15.73	5.15
	Brigade Twin Towers – Tower A & C*	0.66	0.66	-
	Brigade Square, Trivandrum	0.19	0.19	-
	Arcadia at Brigade Cornerstone Utopia*	0.12	0.08	0.04
	Total Leasing (B)	0.97	0.93	0.04
	IBIS Styles, Mysuru*	0.11	0.11	-
	Total Hospitality (C)	0.11	0.11	-
	Total (A+B+C)	21.96	16.77	5.19

• Projects in SPV

7

Contents

• Continued robust performance in Real Estate segment

1.

• Expansion-driven demand fuelled the growth of Leasing segment

2.

• Poised to witness sustained growth in Hospitality segment

3.

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4. Financial Performance

5. Land Bank 6. Projects launched and upcoming launches

8

Real Estate

Highlights: Real Estate - Q4 FY 24

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Continued bull run in the Indian residential market witnessing sales at an all time high

Pre-sales volume was ~2.72 Mn sft in Q4 FY 24 (including landowner’s space share of 0.11 Mn sft) , a growth of 61% over Q3 FY 24

Sales value of INR 22,430 Mn in Q4 FY 24 (including landowner’s space share of INR 994 Mn), an increase of 47% from Q3 FY 24

Ongoing projects of 21 Mn sft; Launched 1.82 Mn sft during Q4 FY 24

Upcoming Projects planned to be launched ~12.61 Mn sft in next 4 Quarters

• 11 Residential projects at Bangalore

• 3 Residential projects at Chennai

• 1 Residential project at Hyderabad

• 1 Residential project at Mysuru

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60,125
41,085
7,968
30,227
27,666
23,768
6,491
6,411
6,011
5,572
FY20 FY21 FY22 FY23 FY24
Net Sales Value (INR Mn) Average Realization { INR/sft}
5Y Sales CAGR - 30%
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Zero residential debt across group owing to robust sales & collections

9

Real Estate

Group Sales Snapshot

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Q4 FY24 on
Particulars FY24 FY23 Q4 FY24 Q3 FY24 Q4 FY23
Q3 FY24
Net Area Sales (’000 sft)
Residential
7,356 6,075 2,608 1,646 58% 2,333
Commercial
190 254 113 49 131% 35
Total
7,546 6,329 2,721 1,695 61% 2,368
Net Sale Value (INR Mn)
Residential
58,468 39,082 21,498 14,720 46% 14,631
Commercial
1,657 2,003 932 524 78% 254
Total
60,125 41,085 22,430 15,244 47% 14,885
Realization (INR/sft) 7,968 6,491 8,243 8,994 (8%) 6,284
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• Figures in FY24 includes landowner’s space share of 0.67 Mn sft and sales value of INR 5,773 Mn

• ** No price drop, impact of product mix

Note : Figures are not comparable with corresponding numbers of last year

10

Real Estate

Consolidated Synopsis of Real Estate Projects

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Ongoing BEL Ongoing SPV
Particulars Stock Sales Total
Projects Projects
In Mn sft
BEL SPV
Total super built-up area of launched projects on sale basis 19.18 1.70 0.89 0.37 22.14
- - -
Less: Landowner share 4.58 4.58
Company share of saleable area 14.60 1.70 0.89 0.37 17.56
- -
Sold till date 12.31 1.15 13.46
To be sold 2.29 0.55 0.89 0.37 4.10
INR In Mn
Estimated receipts 1,06,700 13,280 24,449 4,203 1,48,632
From sold units
82,117 8,986 16,574 1,225 1,08,902
From unsold units
24,583 4,294 7,875 2,978 39,730
Collection to date on sold units
41,594 5,065 16,264 416 63,339
Remaining to be collected from sold units 40,523 3,921 310 809 45,563
Remaining to be collected from the sold and unsold units [A] 65,106 8,215 8,185 3,787 85,293
Estimated Total Cost
69,163 9,048 3,728 1,783 83,722
Cost incurred till date 36,028 4,994 3,728 1,783 46,533
- -
Remaining cost to be incurred [B] 33,135 4,054 37,189
Gross Operating Cash Flows [A] - [B] 31,971 4,161 8,185 3,787 48,104
- - -
Present Borrowings [C] 1,650 1,650
Net Operating Cash Flows Projected [A] - [B] - [C] 30,321 4,161 8,185 3,787 46,454
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• Brigade Orchards, Brigade Residences at WTC Chennai

11

Contents

• Continued robust performance in Real Estate segment

1.

• Expansion-driven demand fuelled the growth of Leasing segment

2.

• Poised to witness sustained growth in Hospitality segment

3.

Financial Performance

4.

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5. Land Bank 6. Projects launched and upcoming launches

12

Leasing

Our Leasing Portfolio: Operating Assets

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Area in Mn sft

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Leased
Retail 1.25 0.06
Hard Options
0.16
To be Transacted
Office 6.99 0.22
Particulars Leasable Area Leased Hard Option To be Transacted
-
Bri ade Tech Gardens 3.00 2.84 0.16
g
-
WTC Chennai 2.01 1.82 0.19
- -
WTC Ben aluru 0.62 0.62
g
- -
Brigade Opus 0.30 0.30
- -
Bri ade Bhuwalka Icon 0.19 0.19
g
- -
WTC Kochi 0.77 0.77
- -
Brigade Int’l Financial Center, GIFT City 0.27 0.27
- -
Bri ade Southfield 0.15 0.15
g
- -
Orion Gatewa Mall 0.83 0.83
y
-
Orion U town Mall 0.27 0.24 0.03
p
-
Orion Avenue 0.15 0.12 0.03
- -
Brigade Vantage, Chennai 0.06 0.06
-
Others 0.06 0.03 0.03
Total 8.68 8.24 0.16 0.28
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*SEZ Projects

13

Capex Commitment

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(INR Mn)

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Project Segment Estimated Cost Incurred Balance
Brigade Twin Towers Leasing 3,597 2,456 1,141
Brigade Square, Trivandrum Leasing 756 217 539
IBIS St les, M suru Hos italit 900 641 259
y y p y
Total 5,253 3,314 1,939
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*As of Mar 31, 2024

• ** Tower B consisting of 0.55 Mn sft removed from capex and moved to ongoing sale

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Brigade Twin Towers
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Artist’s impression

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Brigade Square, Trivandrum
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Artist’s impression

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IBIS Styles, Mysuru
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Artist’s impression

14

Contents

• Continued robust performance in Real Estate segment

1.

• Expansion-driven demand fuelled the growth of Leasing segment

2.

• Poised to witness sustained growth in Hospitality segment

3.

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4. Financial Performance

5. Land Bank 6. Projects launched and upcoming launches

15

Hospitality

Poised to witness sustained

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growth in hospitality segment

Clocked revenue of INR 4,641 Mn during FY 24,

an increase of 18% over FY 23

The accessibility gap for air travellers in India has reduced, with

• expanded capacities in existing airports, leading to increased room demand reflected in rising occupancies

International air passenger travel growth of 22%* in FY 24 over FY 23 bodes well for room demand

Promising growth in core revenue streams , particularly in F&B revenues

Achieved EBITDA of INR 1,684 Mn in FY 24, an increase of 43% from INR 1,176 Mn in FY 23

*Source: AAI website

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Actual shot Actual shot
Four Points by Sheraton Kochi Infopark Grand Mercure Bengaluru
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6,483
6,022
5,362
72%
69%
3,562
62%
3,008
44%
23%
FY20 FY21 FY22 FY23 FY24
ARR Occupancy
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16

Contents

• Continued robust performance in Real Estate segment

1.

• Expansion-driven demand fuelled the growth of Leasing segment

2.

• Poised to witness sustained growth in Hospitality segment

3.

Financial Performance

4.

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5. Land Bank 6. Projects launched and upcoming launches

17

Consolidated Financials: Snapshot

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(INR Mn)

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Q4 FY24 Q4 FY24 FY 24
Particulars Q4 FY24 Q3 FY24 Q4 FY23 FY 24 FY 23
on Q3 FY24 on Q4 FY23 on FY23
Revenue 17,626 12,082 8,721 46% 102% 50,641 35,632 42%
EBITDA 66% 113% 39%
4,930 2,964 2,315 13,618 9,776
Finance cost 1,380 1,350 1,000 2% 38% 4,910 4,341 13%
Profit before depreciation 3,550 1,616 1,315 120% 170% 8,708 5,435 60%
Depreciation 762 821 834 (7%) (9%) 3,021 3,146 (4%)
Profit/(Loss) before share from
2,788 795 481 251% 479% 5,687 2,289 148%
Associate & Exceptional item
- - - - - -
Add: Profit from Associate 41 (100%)
- - - -
Add/(Less): Exceptional Item 170 (100%) 450 (100%)
PBT 2,788 795 651 251% 328% 5,687 2,780 105%
Tax charge/(Credit) 679 237 20 187% 3,297% 1,676 558 200%
PAT 2,109 558 631 278% 234% 4,011 2,222 81%
PAT after MI 2,061 735 693 180% 197% 4,516 2,914 55%
EBITDA/Revenue 28% 25% 27% 27% 27%
PBT/Revenue 16% 7% 7% 11% 8%
PAT/Revenue 12% 5% 7% 8% 6%
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• *PAT: Profit After Tax, PBT: Profit Before Tax, EBITDA: Earnings Before Interest Tax Depreciation Amortization, MI: Minority Interest, () indicates negative figure

18

Business Segment Performance - FY 24

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(INR Mn)

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Particulars Real Estate Lease Rental Hospitality Total
Revenue 36,623 9,377 4,641 50,641
as % of Total 72% 19% 9% 100%
Direct Expenses 27,592 98 524 28,214
Admin Expenses 1,382 1,485 1,318 4,185
Sellin cost 840 404 204 1,448
g
Employee cost 1,711 554 911 3,176
EBITDA 5,098 6,836 1,684 13,618
EBITDA/Revenue % 14% 73% 36% 27%
Finance costs 645 3,705 560 4,910
PBDT 4,453 3,131 1,124 8,708
De reciation 87 2,411 523 3,021
p
PBTE 4,366 720 601 5,687
PBTE/Revenue % 12% 8% 13% 11%
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PBDT: Profit Before Depreciation & Tax, PBTE: Profit Before Tax & Exceptional Items, EBITDA: Earnings before Interest Tax Depreciation Amortization, () indicates negative figure

19

Consolidated Cash Flows

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Particulars (All amounts in INR Mn) Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24 FY24 FY23
Operating Activities
Total Collections 18,375 13,944 14,393 12,439 59,151 54,238
Direct Cost/ Construction Cost (6,866) (6,038) (5,401) (5,675) (23,980) (23,762)
Landowner Payments (2,330) (2,181) (1,605) (1,494) (7,610) (4,900)
Employee and Admin Expenses (1,137) (1,180) (1,129) (1,103) (4,549) (4,194)
Sales and Marketing Expenses (407) (371) (291) (264) (1,333) (1,343)
Statutory Payments (1,644) (1,432) (1,421) (1,196) (5,693) (4,699)
Other Payments (97) (79) (25) (39) (240) (173)
Net Cash Flow from Operating Activities (A) 5,894 2,663 4,521 2,668 15,746 15,167
Investment Activities
Cash from Investment Activities (FD & MF) 7,755 4,105 7,556 2,708 22,124 22,091
Construction Cost (CWIP/Capex Projects) (626) (421) (403) (546) (1,996) (2,314)
Investment in Land/JD/JV/TDR (2,211) (3,479) (7,148) (255) (13,093) (7,077)
- - -
Investment in Subsidiar /associate com anies (276) (276) (510)
y p
Other Investments (FD & Mutual Fund) (11,501) (5,558) (4,068) (4,337) (25,464) (21,544)
Net Cash Flow from Investment Activities (B) (6,583) (5,629) (4,063) (2,430) (18,705) (9,354)
Financing Activities
Debt Drawdown
4,346 9,255 7,301 605 21,507 3,665
Debt Repayment (844) (6,618) (4,368) (1,192) (13,022) (6,697)
-
Investment by PE/(Payment to PE) (369) (1,450) 1 (1,818) 301
Proceeds from ESOP
48 14 10 10 82 78
- - -
Dividend Payment (461) (461) (316)
Finance costs
(961) (952) (861) (826) (3,600) (3,283)
Net Cash Flow from Financing Activities (C) 2,220 1,699 171 (1,402) 2,688 (6,552)
Net Cash Flows for the Period (A+B+C) 1,531 (1,267) 629 (1,164) (271) (739)
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20

Capital Allocation: Segment-wise - FY 24

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capital employed

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(INR Mn)
Operating
Capital
D/E Ratio PBD/ Capital EBITDA/
Segment Equity (A) Debt (B) Employed
(A/B) Equity % Employed OCE %
(A+B)
(OCE)
Real Estate 28,342 1,650 29,992 0.06 16% 29,992 17%
Hospitality 3,601 4,774 8,375 1.33 31% 7,657 22%
Leasing 10,021 40,205 50,226 4.01 31% 38,629 18%
Less:
20,726
Cash Balance
Total 41,965 25,903 88,593 0.62 21% 76,278 18%
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Note: PBD/Equity and EBITDA/OCE percentages are calculated based on trailing four quarter numbers *PBD: Profit Before Depreciation & Tax (After Interest)

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34%
INR 88,593 Mn
57%
9%
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Real Estate

Hospitality

Lease Rentals

21

Consolidated Debt Profile

(INR Mn)

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Particulars Mar-24 Dec-23 Mar-23
Real Estate 1,650 109 465
Hos italit
p y 4,774 4,923 5,468
GOP Securitized
4,415 4,543 4,985
Capex 359 380 483
Leasing 40,205 38,339 32,363
Securitized Lease Rental
38,213 34,832 28,839
Capex 1,992 3,507 3,524
Gross Debt 46,629 43,371 38,296
Less: Cash & Cash E uivalents 20,726 15,622 16,903
q
Net Debt 25,903 27,750 21,393
Less: SPV Partner’s share of net debt 6,821 6,635 6,649
Exposure of BEL 19,082 21,115 14,744
Cost of Debt (Consolidated) 8.82% 8.73% 8.67%
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*Cost of debt stands at 8.68% p.a. as of 30[th] April 2024

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Segment Wise - Gross Debt Split
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4%
9%
1%
4%
GROSS DEBT - 46,629 MN
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82%
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Leasing - Securitized Rentals Leasing – Capex Hospitality GOP Securitized Real Estate Hospitality - Capex

22

Standalone Financial: Snapshot

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(INR Mn)

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Q4 FY 24 Q4 FY 24 FY 24
Particulars Q4 FY 24 Q3 FY 24 Q4 FY 23 FY 24 FY 23
on Q3 FY 24 on Q4 FY 23 on FY 23
Turnover 9,181 4,508 5,744 104% 60% 22,240 24,245 (8%)
EBITDA 2,771 1,244 1,798 123% 54% 6,516 6,798 (4%)
Finance cost 414 384 341 8% 21% 1,441 1,344 7%
Profit before depreciation 2,357 860 1,457 174% 62% 5,075 5,454 (7%)
Depreciation 201 218 214 (8%) (6%) 782 795 (2%)
PBTE 2,156 642 1,243 236% 73% 4,293 4,659 (8%)
- - - -
Add/(Less): Exceptional Items 60 (100%) 359 (100%)
PBT 2,156 642 1,303 236% 65% 4,293 5,018 (14%)
Tax charge/(Credit) 552 169 210 227% 163% 1,111 1,168 (5%)
PAT 1,604 473 1,093 239% 47% 3,182 3,850 (17%)
EBITDA/Revenue 30% 28% 31% 29% 28%
PBT/Revenue 23% 14% 23% 19% 21%
PAT/Revenue 17% 10% 19% 14% 16%
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*PAT: Profit After Tax, PBTE: Profit Before Tax & Exceptional Items, PBT: Profit Before Tax, EBITDA: Earnings Before Interest Tax Depreciation Amortization , () indicates negative figure

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Contents

• Continued robust performance in Real Estate segment

1.

• Expansion-driven demand fuelled the growth of Leasing segment

2.

• Poised to witness sustained growth in Hospitality segment

3.

Financial Performance

4.

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5. Land Bank 6. Projects launched and upcoming launches

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Brigade’s Land Bank

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gift city
hyderabad
bengaluru
CHENNAI
kochi
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Land Area (in acres) as on 31 [st] mar 24
20
15 [2]
10
130 Bangalore
Total Area - 519 acres
Chennai
Hyderabad
342
Mysuru
Gujarat
Kochi
Cost of Land Amount Paid
Total Land Area Balance Payable
(INR Mn) (INR Mn) (INR Mn)
(Acres)
519 33,432 23,791 9,641
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Developable Area Details

Project Area: Product Mix

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Product Land Area Project Area (Mn sft) BEL Share (Mn sft)
Residential 284 41 31
Plotted Development 77 2 1
Commercial-Lease 70 10 9
Commercial-Sale 7 1 1
Mixed Development 44 1 1
Hospitality 37 1 1
Total 519 56 44
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Location Land Area Project Area (Mn sft) BEL Share (Mn sft)
Bengaluru 342 31 26
Chennai 130 19 13
Hyderabad 10 4 4
Others 37 2 1
Total 519 56 44
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3%
2%
2% [2%]
18%
project area - 56 Mn sft
73%
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Residential Plotted Developement Commercial-Lease Mixed Developement Commercial-Sale Hospitality

*Others include Mysuru, Gujarat & Kochi

26

Contents

• Continued robust performance in Real Estate segment

1.

• Expansion-driven demand fuelled the growth of Leasing segment

2.

• Poised to witness sustained growth in Hospitality segment

3.

Financial Performance

4.

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5. Land Bank 6. Projects launched and upcoming launches

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Projects Launched - FY 24

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Project Area BEL Interest Launch
Project Segment (Mn sft) (Mn sft) Quarter
Brigade Padmini Tech Valley – Tower C Commercial 0.26 0.13 Q1
Brigade El Dorado – Aurum Residential 0.59 0.59
Q2
Brigade Calista – Phase 2 Residential 0.70 0.56
Brigade Millennium Annexe Residential 0.02 0.02
Brigade Orchards – Ivory Phase 2 Residential 0.48 0.33
Q3
Brigade Orchards – Fairmont Residential 0.19 0.13
Brigade Sanctuary Residential 2.00 1.52
Brigade Oasis – Phase 3 Residential 0.72 0.31
Brigade El Dorado – Dioro Residential 0.56 0.56
Q4
Elysium – Brigade Cornerstone Utopia Commercial 0.40 0.27
Arcadia – Brigade Cornerstone Utopia Retail 0.12 0.08
Brigade Senate 1 Wing B Commercial 0.14 0.07
Total 6.18 4.57
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Note: All the projects launched during FY 24 were in Bengaluru

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Brigade Sanctuary
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Brigade Ivory
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Artist’s impression

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Brigade El Dorado
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Artist’s impression

Artist’s impression

Upcoming Projects

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Total Area Brigade Economic Interest
Segment
(Mn sft) (Mn sft)
Residential 12.61 10.77
Commercial 2.98 1.96
Hotels 0.50 0.42
Total 16.09 13.15
Brigade Padmini Tech Valley Brigade Valencia
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Artist’s impression

Artist’s impression

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Awards and Accolades – Q4 FY 24

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WTC Chennai won the award for Environmental, Social and Governance (ESG) at the INFHRA Awards 2024 . WTCC was also declared winner in the Safety and Security category as well.

WTC Kochi won the award for Return to Office . It also secured Silver in Safety and Security at the INFHRA Awards 2024 .

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WTC-Bengaluru conferred Global Member of the Year award

This certificate is awarded to the Member who most exemplifies the values, vision, mission and goals of the entire Association across the five regions-Asia Pacific, North America, Latin America, Europe, Middle East and Africa.

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Regional Member of the Year (Asia Pacific)

WTC Bengaluru won the award for operating with transparency, contributing to a culture of trust & reliability among its members and the broader business community in the Asia Pacific region.

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won Pavitra Shankar, Managing Director 'Realty Personality of the Year' at the Economic Times Real Estate Awards 2024 .

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Shareholding Pattern – 31[st ] Mar 2024

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17%
44%
24%
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15%
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Promoter Group FIIs and FPIs DIIs Others

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Board of Directors

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M R Jaishankar Executive Chairman

Aroon Raman

Vice Chairman

Pavitra Shankar

Managing Director

Nirupa Shankar Jt. Managing Director

Amar Mysore Executive Director

Roshin Mathew

Executive Director

(Independent Director)

• Masters in Business Administration

• Part of Promoter Group

• MBA from Wharton School, University of Pennsylvania

• Author and Entrepreneur

• MBA, Real Estate & Finance, Columbia Business School

• Part of Promoter Group

• Masters of Management, Hospitality from Cornell University

• Part of Promoter Group

• Masters in Engineering from Pennsylvania State University

• B.Tech and Masters in Building Engineering and Management

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Board of Directors

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Pradyumna Krishnakumar Executive Director

• MBA, Finance & General Management,Asian Institute of Management, Manila

Lakshmi

Venkatachalam

Independent Director

• MBA from Boston University

• Retired IAS Officer

Pradeep Kumar

Panja

Independent Director

• Masters in Science

• Former MD of SBI

Dr. Venkatesh Panchapagesan Independent Director

• CA, CWA, IIM K Alumni

• Faculty at IIM B

Bijou Kurien

Independent Director

• PG Diploma in Business Management

• Rich Experience in Retail Sector

V V Ranganathan Independent Director

• CA, Finance professional with 4 decades of experience

• Graduate in Commerce

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Ongoing Residential Projects

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Brigade Laguna
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Brigade Horizon
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Completed Residential Projects

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Brigade Cornerstone Utopia
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Residences at Brigade Tech Gardens
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Brigade Deccan Heights
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Completed Commercial Projects

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Arcade at Brigade Orchards Brigade Tech Gardens
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Thank you

Disclaimer:

The information in this presentation contains certain forward-looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of Capital expenditures. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated by the Company.

Brigade Enterprises Ltd.

29[th] and 30[th] Floors, World Trade Center, Brigade Gateway Campus, Malleswaram-Rajajinagar, Bengaluru - 560 055

investors@brigadegroup.com