Mindspace Business Parks REIT · NSE:MINDSPACE.RR
Mindspace Business Parks REIT — Shareholder Meeting (July 2023)
13 slides from Mindspace Business Parks REIT's shareholder meeting presentation, Jul 5, 2023
Slide 1: Annexure B – 3rd Annual Meeting
Annexure B 3rd Annual Meeting 05 July 2023 mindspacereit.com 1
Slide 2: Disclaimer
Disclaimer By attending the meeting where this presentation (“Presentation”) is made, or by reading the Presentation materials, you agree to be bound by the following limitations: This Presentation (a) is for information purposes only without regards to specific objectives, financial situations or n
Slide 3: Key Updates
Key Updates mindspacereit.com 3
Slide 4: Portfolio Overview
Portfolio Overview Mindspace REIT is one of the largest Grade-A office portfolios in India 32.0 msf INR 65.2 psf Total Leasable Area (1) In-place Rent 89.1% 89.0% Same Store Committed Committed Occupancy Occupancy on 23.9 msf on 25.8 msf ` Mumbai Region Hyderabad 8.3% 7.0 years 11.7 msf (36.4 %) 14.
Slide 5: Strong Performance Since Listing
Strong Performance Since Listing Demonstrated strong Gross Leasing and delivered 36.1% cumulative returns for Unitholders 11.4 msf 5.7 msf New and Vacant Area Gross Leasing Leased 40+ 2.5 msf New Developments Tenant Base Expansion Delivered INR 47.1 p.u 36.1 % Cumulative returns since Total distribu
Slide 6: Mindspace REIT – At a Glance (FY23)
Mindspace REIT – At a Glance (FY23) 1 Operating Highlights 4.1 msf 2.5 msf 1.6 msf 26.3 % INR 66 psf/month 1.9 msf Average Gross Leasing (1) New and Vacant Re-Leased Area (1) Re-leasing Spread (2) New Area Rent achieved Area Leased on 2.5 msf Completed (3) on Gross Leasing 2 Financial Highlights INR
Slide 7: Robust Development Pipeline in Each of Our Micro-markets
Robust Development Pipeline in Each of Our Micro-markets Historical development and expansion potential of our Portfolio 6.7 msf area added 6.2 msf in development pipeline Development pipeline (msf) 3.3 3.7 2.5 1.9 0.9 0.6 1 FY20 FY21 FY22 FY23 Area under-construction Future development Select Under
Slide 8: Value Creation by Developing Integrated Business Eco-systems
Value Creation by Developing “Integrated Business Eco-systems” Biophilic Design interweaving the elements of Nature into Workspaces at Commerzone Kharadi, Pune Expansive Central Podium Spacious Recreational Spaces Amphitheatre Biophilic Landscape mindspacereit.com 8
Slide 9: Re-Energizing Our Parks – Mindspace Airoli East
Re-Energizing Our Parks – Mindspace Airoli East Energized & Appealing Entry Points Attractive Aesthetics & Outside Seating placed across park Food Court Upgrade – Easier F&B access to clients Attractive Aesthetics mindspacereit.com 9
Slide 10: Mindspace Madhapur, Hyderabad – Recreational Zones across the Park
Mindspace Madhapur, Hyderabad – Recreational Zones across the Park Amphitheater at the Entrance Lobby Recreational Spaces for tenants Vantage Café - Well spread F&B spaces across the Park Landscape & Outside Seating Upgrade mindspacereit.com 10
Slide 11: FY23 - Sustainable Financial Performance coupled with Low Leverage
FY23 - Sustainable Financial Performance coupled with Low Leverage Distribution of INR 11,327 Mn, INR 19.1 per unit resulting in Distribution Yield(2) of 6.9% CRISIL: CCR AAA/Stable 17.9 % INR 11,327 Mn 6.9 % ICRA: ICRA AAA (Stable) Low Net Debt to Market Value (1) Distribution Amount Distribution Y
Slide 12: ROFO Assets to Add Further Scale And Growth
ROFO Assets to Add Further Scale And Growth Strong pipeline spread across Mumbai Region, Chennai and Hyderabad Current Current 8.6 msf Hyderabad | 1.8 msf Commerzone Raidurg total potential Status: 3.5 msf • Completed • 1.8 msf leased Completion by FY24 • Rent Commenced for Phase I and II 10 Chennai
Slide 13: Thank You
Thank You Investor Relations Enquiries: Kedar Kulkarni (Finance & Investor Relations) Email id: [email protected] mindspacereit.com 13
Mindspace Business Parks REIT — Shareholder Meeting (July 2023) on 6ix