#1DLF Limited Q2FY24 Results Presentation The Camellias, DLF5, Gurugram#2DP WORLD One Horizon Centre, DLF 5, Gurugram <<<< AGENDA >>>> DLFA 01 10 Overview 02 DLF Limited: Business Update 03 DCCDL: Business Update#3DLF Group - Business Overview Business Residential Apartments/Plotted/ BB Townships/Low-rise 76 Track record Years of experience in real estate development Scale 215 msf+ Development potential (Devco & Rentco) Organization Offices Retail Cyber Cities/Cyber Parks/ IT SEZs/ Commercial Parks 158+ Real estate projects developed ~42 msf Operational Rental portfolio DLF Other Business Service & Facility Management/Hospitality 340 msf+ Area developed 118 msf+ Deliveries since IPO ~46 msf Product Pipeline (Devco & Rentco) ~INR 42 bn Launched Inventory Strong brand DLF⭑ Focused on Safety, Sustainability & Governance Strong Leadership with experienced teams Strong Promoter commitment 3#4Outlook Industry ○ Sustained economic growth continues to support demand О Housing demand continues to be strong across geographies; Luxury segment exhibiting stronger growth Company DLF Calibrated supply across segments continues to deliver sustained momentum Remain focused on timely execution of launched products О Industry consolidation and growing demand for premium and luxury housing augurs well for larger & credible players О Planned launches for current fiscal progressing as per plan О GCCs continue to drive office demand; global uncertainties deferring decision-making for technology led occupiers ○ Leasing traction improving gradually; Healthy pre-leasing in new office products; О Retail segment continues to do well; Organized retail expected to perform better ○ New retail pipeline build out on track; positive outlook towards retail segment & its growth 4#51 DLF Group- Key Business Priorities DLF⭑ GOAL Maintaining Leadership position by delivering Consistent, Competitive & Profitable Growth Value Creation Levers Development Business 2 Rental Business 3 Cash Management 4 LO 5 Profitability/ Shareholder returns Organization ☐ Identified Plan/Actions Continue scaling-up our product offerings; developing margin accretive products Tapping multiple geographies; Core: Gurugram / Delhi NCR; Other Key Markets: Chennai/Chandigarh Tri-city/Goa New markets: Entry into Mumbai; continue to develop further profitable opportunities Double digit rental growth through organic growth and New developments Significant increase in retail presence; Portfolio to grow to 2x in next 4-5 years Unlocking the development potential; Modernization / Upgradation of existing assets Consistent free cash flow generation in the business; Targeting steady growth in FCF generation I ☐ To achieve Net cash positive status(Development business) during the fiscal; ☐ Improving profitability; Targeting steady double digit PAT growth annually; Improving Shareholder returns by enhancing Dividend Payout over time Building Organizational capabilities; strengthening project management/ sales organization & enhancing digital capabilities to improve efficiency and controls Optimizing organizational overheads; to be competitive & commensurate with our growth plans 5 I#6Path to Scaling-up All levers are well placed to drive growth Strong Demand Momentum Low-cost land bank at established locations Enhanced Organizational capabilities DLF Diversified Launch pipeline targeting different segments & geographies Strong Balance sheet Healthy Cash flows Calibrated approach towards strong business growth 6#7DLF Limited :Business Update Microsoft DLFA DLF Downtown, Gurugram DLEA DLFA#8New Sales Bookings (Q2FY24) Sustained sales momentum from launched inventory; Super Luxury witnessing healthy demand Steady Sales Momentum Well diversified Sales mix DLF 2,228 cr 2,052 cr 9% Q2FY23 Q2FY24 ☐ Completed Inventory: ✓ The Camellias: Rs 720 crore (14 units) ✓ Others: Rs 166 crore New Products (Launched Inventory): ✓ Rs 990 crore New Products (Launched in Q2) ✓ Grand Enclave, Panipat: Rs 190 crore ✓ Commercial: 160 8#9104 Development Potential Strategically located land bank at low carrying cost; will enable steady & sustainable growth Location DLF Development Potential1 (in msf) Gurgaon Delhi Metropolitan Region Chennai Hyderabad Chandigarh Tri-City Region Kolkata Maharashtra (Mumbai/Pune/Nagpur) Bhuvaneshwar Gandhi Nagar Other Cities TOTAL Identified Pipeline of New Product Launches Balance potential DLF 5/DLF City New Gurgaon 32 13 12 3 16 2662 16 11 187 41 146 24 81 2 22% (41 msf) Land Bank monetization through scaling up launches over the medium term 9 1The potential is based on best estimates as per the current zoning regulations; excludes TOD/TDR potential#10Project Launch Calendar (New Products) Continue to focus on value enhancement; Planned launches remain on track Initial Guidance Sales Launched till FY 22-23 Sales Planned FY 23-24 Total Till FY23-24 Size (~ in msf) Size Size Potential (~in Rs crore) (~ in msf) Potential (~ in Rs crore) (~ in msf) Sales Potential (~in Rs crore) Size (~ in msf) Sales Potential (~in Rs crore) Size (~ in msf) DLF Beyond FY 24 Sales Potential ( ~ in Rs crore) Luxury Segment 10 12,500 10 15,240 5 12,400 15 27,640 Midtown, DLF- GIC Residential 8 17,500 2 4,405 2 4,405 6 13,100 JV Premium Value 9 5,000 LO 5 3,050 LO 5 6,000 10 9,050 Commercial 2 2,500 1 1,339 0.7 660 1.7 2,000 0.9 1,975 Atrium Place 2.9 7,000 2.9 7,000 (Commercial JV) NOIDA IT Park 3.5 2,500 0.8 650 0.8 650 2.7 1,850 41 67,645 Grand Total 35 47,000 18 24,035 11.2 19,710 29 43,745 12 23,900 Cumulative FY24 Planned launches: 11.2 msf/ Rs 19.7k cr sales potential Launched during Q2 : 0.2 msf / Rs 440 cr sales potential 10 10#11Product Available for Sales Bookings : 2 Rs 24k crore Available Inventory Rs 4,244 crore Completed Inventory (Till 30th Sept-23) Launched Products (Till 30th Sept-23) 2 Rs 2,024 crore ~ Rs 2,220 crore Planned products (FY24 onwards) Rs 19,700 crore DLF Planned residential developments across Gurugram/Chennai/Chandigarh Tri-city; to be launched subject to requisite approvals Sufficient Product availability to ensure meeting our sales guidance of Rs 13,000 crore for the fiscal 11#12Residual Gross Margin as on 30.09.2023 Well poised for healthy margin recognition across next few years Project Gross Margin to be recognized from sales done till 30th Sept-2023 Gross Margin to be recognized from Inventory as on 30th Sept-2023 DLF Gross Margin Movement Completed Inventory Camellias DLF 5 1,135 747 36 2 New Gurgaon 71 44 National Devco 274 425 Sub-Total 1,516 1,218 New Products (launched 6,398 410 from Q3FY21 Onwards) One Midtown (DLF Share) 540 Grand Total 8,454 218 1,846 Gross margin to be recognized in next few Rs. 10,300 crore years 10,400 cr 10,300 cr Q1FY24 Q2FY24 12#13Project Status - as on 30.09.2023 Healthy mix of completed & launched inventory; healthy receivables of 14.7k crore Project Sales Booking (in Rs crore) Total Inventory Value (in Rs crore) Revenue recognized (in Rs crore) The Camellias 10,922 979 9,370 DLF Balance Revenue to be recognized (in Rs crore) Balance Receivable (in Rs crore) 2,531 555 Others 30,554 1,045 29,515 2,084 408 Sub-Total 41,475 2,024 38,884 4,615 963 * New Products* 22,153 2,220 826 23,547 13,786 G.TOTAL *includes One Midtown (JV project) 63,629 4,244 39,711 28,162 14,750 13#14Project Execution Status: Area Under Development (34 msf by FY24 end) Calibrated scale-up; enhanced focus on timely execution DLF Segment Under Construction 1st Apr'23 New Addition FY 23-24 Expected Completions FY 23-24 Under Construction 31st Mar 24 DevCo Luxury* 13 Premium 55 2.8 15 5 Value 4 1.7 2.3 Commercial 2 0.7 2.8 Atrium Place (JV project) 2.9 I 2.9 Sub Total - DevCo ( A ) 22 10.7 4.5 28.2 DCCDL Rentco Projects DT-Gurgaon 2.0 2.0 Mall of India, Gurugram 2.6 2.6 DT-Chennai 3.4 2.2 1.2 Sub Total - DCCDL Rentco Projects ( B ) 5.4 2.6 2.2 5.8 Total (A+B) *includes One Midtown (JV project) 27 13.4 6.7 34 14#15Project Execution Status DLF City Floors, Gurugram Garden city Floors, New Gurgaon October 2023 The Arbour, Sector-63, Gurugram One Midtown, New Delhi Tower A Tower B DLF#16Project Execution Status The Grove, DLF 5, Gurugram The Valley Gardens, Panchkula DLF A HRI Summit Plaza, DLF 5, Gurrugram Garden City Enclave, Sector-93, New Gurgaon#17Results highlights - Q2FY24 Strong collections leading to Net Cash status; Sustained performance across all KPIs DLF New Sales Booking Rs 2,228 crore 9% growth ESG/Credit Rating DJSI Emerging Markets Index Constituent For 3rd consecutive year Only RE company from India ICRA AA/Stable CRISIL AA/Stable * Before dividend payment of Rs 990 cr Collections Rs 2,359 crore Highest ever collections PAT Surplus Cashflow Rs 1,147 crore* Highest Surplus cash generation from Operations Net Debt Rs 629 crore 29% y-o-y growth Net Cash positive Rs 142 crore 17#18Consolidated Results - Q2FY24 Revenue at Rs 1,476 crore; PAT at Rs 629 crore Y-o-Y growth of 29% ☐ Revenue stood at Rs 1,476 crore, a Y-o-Y growth of 9% ☐ Gross margins at 57% □ EBITDA at Rs 591 crore; a Y-o-Y growth of 19% PAT at Rs 629 crore, Y-o-Y growth of 29%; ☐ Surplus cash generation of Rs 1,147 crore before dividend payout of Rs 990 crore DLF⭑ Revenue (in Rs crore) EBITDA (in Rs crore) PAT (in Rs crore) 591 cr 629 cr 9% 1,476 cr 19% 29% 1,360 cr 495 cr 487 cr 18 Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24#19Consolidated Profit & Loss Q2FY24 Revenue at Rs 1,476 crore; PAT at Rs 629 crore; Y-o-Y growth of 29% DLF Particular Q2FY24 Q1FY24 % Change Q-0- Q Q2FY23 % Change Y-o-Y Revenue from operations Cost of Sales 1,348 1,423 (5%) 1,302 3% 580 688 (16%) 523 11% Gross Margin Gross Margin% Other income Staff Cost Other Expenses EBITDA 768 735 4% 779 (1%) 57% 52% 60% 129 98 31% 58 121% 124 173 (28%) 136 (9%) 182 166 10% 206 (12%) 591 495 19% 495 19% EBITDA% 40% 33% 36% Finance costs 90 85 6% 107 (16%) Depreciation 37 36 2% 37 PBT before exceptional items 464 373 24% 351 32% Tax (Deferred Tax) (112) (101) 10% (91) 22% PAT 352 272 29% 260 35% Profit/loss from Cyber/Other JVS/OCI 277 256 8% 227 22% PAT 629 528 19% 487 29% 19#20Consolidated Cash Flow Record surplus cash generation from Operations (Rs 1,147 crore) Particulars Inflow •Collection from Sales • Rental Inflow Sub-Total Inflow DLF FY23 FY24 Q1 Q2 Q3 Q4 Q1 Q2 991 1,152 1,307 1,842 1,472 2,282 81 100 91 86 104 76 1,072 1,252 1,398 1,929 1,575 2,359 Outflow •Construction 197 298 298 390 315 349 •Govt. Approval fee/ Land acquisition/disposal 98 173 54 128 150 417 •Overheads 232 175 174 194 201 268 •Marketing / Brokerage 62 77 109 98 113 97 Sub-Total Outflow 588 723 635 811 780 1,131 Operating Cash Flow before interest & tax 483 529 763 1,118 795 1,228 •Finance Cost (net) 53 66 68 81 60 (9) •Tax (net) (60) 6 (5) (2) 2 6 Operating Cash Flow after interest & tax 490 457 701 1,039 733 1,232 •Capex outflow / others 67 46 68 77 67 85 Net surplus/ (shortfall) 423 411 633 962 665 1,147 Dividend (Inflow from DCCDL) 451 408 41 •Dividend (Outflow from DLF) (742) (990) Net surplus/ (shortfall) Payment:(Hyd Sez) Net surplus/ (shortfall) 423 119 633 1,369 665 198 (582) 0 423 119 51 1,369 665 198#21Debt Update - Q2FY24 Achieved Net Cash position of Rs 142 crore Particulars Gross opening debt Q2FY23 Q1FY24 Q2FY24 3,728 3,068 3,012 Less Debt repaid during quarter (120) (121) Add New Borrowing during Qtr. Less Cash in Hand 65 1 12 DLF 8.40% Interest Rate Movement 7.03% 8.18% 8.12% lill FY21 Exit FY22 Exit FY23 Exit Q2FY24 Repayment Schedule 72% C < 1 Yr, 578 cr, 19% <3 Yr >1 Yr, 258 cr, 9% 21 (1,466) (2,956) (3,165) > 3 Yr, 2,188 cr, Net Debt/(Net Cash Positive) 2,142 57 (142)#22Liquidity Position Healthy cashflows led to achieving Net cash position during the quarter Particulars¹ Net Cash position as on 30.09.2023 Receivables (including New Products) Construction Payables (including New Products) Capex (Rental assets ~ 2.5 msf) Surplus Cash position Completed Inventory / New Products Inventory DLF Amount (in Rs crore) 142 12,750 (6,425) (814) 5,653 3,145 ☐ Project receivables significantly higher than all current liabilities leading to Surplus cash position New Products / Completed inventory to further improve cash flow generation 1One Midtown & Atrium Place (JV projects) not included 22 22#23Consolidated Balance Sheet Abstract Particulars Non-Current Assets Current Assets Total Assets DLF As on 30.09.2023 As on 31.03.2023 28,767 27,290 28,157 25,771 56,058 53,928 Equity 37,857 37,692 Non-current Liabilities 5,107 5,051 Current Liabilities 13,093 11,185 Total Liabilities 56,058 53,928 23#24Rental Portfolio Snapshot (DLF Limited) - Q2FY24 DLF Leasable Leased Vacant Area Area Area Weighted Average rate WALE GAV Building % Leased Area (in msf) (in msf) (in msf) (in Rs psf) (months) (in Rs cr) DLF Center, Delhi 0.17 0.15 0.01 92% 372 58 806 DLF5 0.58 0.58 0.0 100% 46 LO 5 739 IT Sez, Kolkata 1.05 0.93 0.13 88% 35 85 813 Gateway Tower, 0.11 0.11 0.0 100% 125 6 238 Gurugram Sub-Total: Offices 1.91 1.77 0.14 93% 2,596 Chanakya, Delhi 0.19 0.16 0.03 86% 283 77 399 Capitol Point, Delhi 0.09 0.06 0.03 65% 417 52 296 South Square, Delhi 0.06 0.06 0.0 96% 84 44 84 Sub-Total: Retail 0.34 0.28 0.06 82% 779 Total: Operational Portfolio 2.24 2.04 0.2 91% 1 GAV: As per C&W valuation Report basis data as on Sept 30,2023; 3,375 24 24#25DLF Cybercity, Chennai DLF DCCDL Business Update#26Maintaining Leadership position in Safety/Sustainability & Wellness Leadership in Energy and Environmental Design (“LEED”) Journey DLF 2023: U.S. Green Building Council recognizes DLF's Rental Business as a global partner in leading the transformation & regeneration of the built environment across India and throughout the world. LEED Zero 2023: U.S. Green Building Council confers DLF's Rental Business as the World leader in LEED Zero Water. Holds 45 LEED Zero water certifications, highest in the world. Fresh Air Intake Enhancement LEED Zero LEED WASTE GREE Cabertity BUILDING LEED GOLD DEVELOPER OWNED COMMUNITY COUNCIL We have doubled the fresh air intake per hour in all our Offices' buildings. We are the first real estate developer to achieve this unique engineered job, which has been thoroughly inspected, measured and certified by a leading Swiss company (M/s SGS). Towards our persistent journey in sustainability, we have been awarded LEED Zero Waste by USGBC for our DLF Cybercity, Hyderabad. We are working to achieve this for our Projects at other locations. Other milestones: • Achieved first LEED Platinum Certification for 9 blocks of DLF Cybercity, Chennai ~40.4 msf portfolio is LEED* ® Platinum certified by US Green Building Council DLF Cybercity, Gurugram - The world's 1st developer owned community certified with LEED Platinum under LEED v4.1 Cities and Communities. LEED Zero 18 Swords of Honour Awards, the highest in the world. 26#27Leased Area Building (in msf) Portfolio Snapshot - Q2FY24 Office Occupancy improved Q-o-Q to 91% vs 88% in Q1; New Products witnessing healthy pre-leasing (89%) Leasable Area (in msf) Weighted Average DLF Vacant Area % Leased Area (in msf) rate (in Rs psf) WALE (months) GAV¹ (in Rs crore) Cyber City 11.6 11.1 0.5 96% 108 72 18,943 Cyber Park 2.9 2.9 0.0 99% 115 81 5,404 One Horizon Centre 0.8 0.8 0.0 99% 162 53 2,152 Downtown, Gurugram 1.7 1.7 0.0 99% 121 127 2,968 Kolkata IT Park 1.5 1.5 0 98% 33 77 738 Chandigarh IT Park 0.7 0.6 0.1 85% 51 74 522 Sub-Total; Office (Non-SEZ) 19.3 18.6 0.7 97% 30,727 Cyber Sez 3.3 2.8 0.5 86% 79 49 4,584 Silokhera Sez 2.2 1.5 0.7 70% 66 83 1,932 Chennai Sez 7.7 7.0 0.7 91% 74 Hyderabad Sez 3.1 2.5 0.6 82% 60 27 72 8,689 67 2,497 Sub-Total: Office (SEZ) 16.3 13.9 2.4 85% 17,702 Sub-Total: Office 35.6 32.5 3.1 91% 48,430 Mall of India, NOIDA 1.97 1.96 0.0 100% 128 66 3,696 Emporio 0.3 0.3 0.01 96% 448 35 1,697 Promenade 0.48 0.47 0.01 97% 214 76 1,595 Cyber Hub 0.49 0.48 0.01 98% 148 67 1,139 DLF Avenue 0.52 0.51 0.01 98% 158 69 1,504 The Hub, Chennai Sez 0.11 0.11 0.0 100% 67 77 City Centre 0.19 0.14 0.04 77% 25 74 115 Sub-Total: Retail 4.1 4.0 0.1 98% 9,747 Total: Operational Portfolio 39.7 36.5 3.2 92% 58,176 Under Construction² Downtown Gurugram 2.0 1.9 0.1 94% 134 2,037 Downtown Chennai 3.3 2.8 0.5 86% 81 2,580 Total -Under Construction 5.3 4.7 0.6 89% 4,617 Development Potential 25 10.483 Grand Total 70 41 3.7 73,277 27 1 GAV: As per C&W valuation Report basis data as on Sept 30,2023; 2Downtown Gurugram & Chennai include hard option of 0.56 msf & 0.73 msf respectively#28Portfolio - Tenant Mix Well diversified & balanced portfolio with lower concentration risk Offices: Tenant Mix Retail Tenant Mix DLF Q2FY24 (based on revenue) Q2FY24 (based on leased area) Top 10 Tenants % Top 10 Tenants % 4% 2% 6% Cognizant 4% Cognizant 4% 9% American Express 4% IBM 3% IBM 3% Concentrix 3% BA Continuum 3% American Express 2% Concentrix 2% Citicorp Services 2% 13% EY 2% BA Continuum 2% KPMG 2% TCC 2% Simpliworks 2% BT 2% 23% TCS 2% KPMG 2% BT 2% EY 2% ■Apparels/Accessories F&B Anchor Misc ■Sports ■ Entertainment Total 25% Total 24% ■Beauty & Cosmetics 43% 28#29Development Update New Product development remains on track Project¹ Project Size (in msf) Current Status ✓ Phase I (Office): 1.7 msf ✓ Phase II (Office): 2 msf DLF Downtown, ~12 ✓ Phase III Gurugram Retail: 2.6 msf Offices: 5.5 msf Latest Updates DLF ✓ Phase I: Completed; rentals commenced ✓ Phase II: under development; pre-leasing/hard-option of 1.7 msf Phase III planning for retail mall at advanced stage. ✓ Phase I: under development; 100% pre-leasing DLF Downtown, Chennai ~ 7 ✓ Phase I (Office): 1 msf ✓ Phase II (Office): 2.3 msf ✓ Phase II: under development; pre-leasing/hard- option 1.9 msf Total 19 5.3 msf under development 2.6 msf under planning ¹in addition to the above mentioned 19 msf DCCDL has further development potential of ~ 11 msf in DLF Cybercity, Gurugram 29 29#30Development Update Block 2 & 3,DLF Downtown, Gurugram DLF Actual Status DLF Downtown, Chennai Artist's impression; Not an actual image DLF Downtown, Chennai Actual Status Block 4,DLF Downtown, Gurugram Actual Status 30#31Result Highlights - Q2FY24 Rental income grew by 9% Y-o-Y; driven by steady growth across portfolio Rental Income¹ Operational Portfolio 39.7 msf DLF Gross Leasing Rs 1,069 crore Office occupancy improved to 91% Non-sez improved to 97% 2.3 msf Net Debt Rs 18.026 crore Net Debt to GAV at 0.24 1excludes CAM/other income Net Debt = Gross Debt (IGAAP) less cash & cash equivalents Rating Sustainability ICRA AA/Positive CRISIL AA/ Positive [NCD] DLF Rental Business recognized as "World leader in Green Buildings" by USGBC 31#32DCCDL (Consolidated): Q2FY24 Results Revenue increased by 7% Y-o-Y; PAT at Rs 416 crore; 17% growth ☐ Revenue at Rs 1,463 crore, Y-o-Y increase of 7% ✓ Office rentals witnessing steady growth 7% Y-o-Y; ✓ Retail revenues continue to deliver healthy growth of 15% ✓ Services/other operating income grew by 6% ☐ EBITDA at Rs 1,109 crore; Y-o-Y increase of 6% DLF ☐ PAT at Rs 416 crore, Y-o-Y increase of 17% EBITDA (in Rs crore) Revenue (in Rs crore) PAT (in Rs crore) 7% 6% 1,109 cr 1,463 cr 1,368 cr 1,046 cr 17% 416 cr 355 cr Q2FY23 Q2FY24 Q2FY23 Q2FY24 Q2FY23 Q2FY24 32#33- Q2FY24 DCCDL (Consolidated): Financial Summary Revenue up by 7%; PAT at Rs 416 crore; 17% Y-o-Y growth DLF % change Y-o-Y Particulars Q2FY24 Q1FY24 % change Q-o-Q Q2FY23 Rental Income Office 857 856 801 7% Retail 212 187 14% 184 15% Service & Other Operating Income 374 352 6% 351 6% Other Income 20 16 28% 32 (36%) Total Revenue 1,463 1,412 4% 1,368 7% Operating Expenses 354 324 9% 322 10% EBITDA 1,109 1,088 2% 1,046 6% Finance cost 384 397 (3%) 392 (2%) Depreciation PBT 154 152 2% 155 570 540 6% 498 15% Tax 153 149 3% 141 9% Other Comprehensive Income (1) (3) Total Comprehensive Income 416 391 6% 355 17% 33#34DCCDL (Consolidated): Cash Flow Abstract Net Surplus generation of Rs 303 crore DLF Particulars FY23 Q4FY23 Q1FY24 Q2FY24 Operating Cash flow before Interest & tax 4,103 1,031 1,106 1,112 Interest Expense (Net) (1,380) (331) (338) (378) Tax (net)1 (419) (142) (131) (123) Operating Cash flow after Interest & tax 2,304 559 637 611 Capex (1,196) (277) (189) (240) Net Surplus/Deficit - After Capex 1,108 281 448 371 Dividend (1,431) (679) (68) Capex advance refund (Hyd Sez) 582 Net Surplus/Deficit 259 (398) 448 303 34#35DCCDL (Consolidated): Balance Sheet Abstract Particulars Non-Current Assets Current Assets Total Assets Equity As on 30.09.2023 29,585 1,270 DLFA As on 31.03.2023 29,408 2,311 30,855 31,719 7,167 6,429 Non-current Liabilities 18,116 19,075 Current Liabilities Total Liabilities 5,572 6,215 30,855 31,719 35#36DCCDL (Consolidated): Debt Update – Q2FY24 - Particulars Q4FY23 Q1FY24 Q2FY24 Gross opening debt 20,486 20,817 19,295 Bank, 16,380 crs, 86% Less Debt repaid during quarter (719) (4,044) (1,393) Add New Borrowing during Qtr. 1,050 2,522 1,130 Less Cash in Hand (2,045) (967) (1,006) Net Debt Position 18,772 18,328 18,026 Interest Rate Movement 7.05% 7.02% 8.08% 8.07% FY21 Exit FY22 Exit FY23 Exit Q2FY24 > 3 Yr, 11,688 crs, 61% Sources DLF Diversified sources of funding Repayment Schedule 61% Repayment > 3 years NCD, 2,527 crs, 13% Others, 125 crs, 1% < 1 Yr, 3,231 crs, 17% 1 < 3 Yr, ` 4,114 crs, 22% 36#37Disclaimer DLF This presentation contains certain forward-looking statement concerning DLF's future business prospects and business profitability, which are subject to a number of risks and uncertainties & the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to such statements include, but are not limited to, earnings fluctuations, our ability to manage growth, competition, economic growth in India, ability to attract & retain highly skilled professionals, time & cost overruns on contracts, government policies and actions related to investments, regulation & policies etc., interest & other fiscal policies generally prevailing in the economy. The Company does not undertake to make any announcements in case any of these forward-looking statements become incorrect in future or update any forward-looking statements made from time to time on behalf of the Company. Area represented in msf within the presentation above should be read with a conversion factor of ~1 msf = 92,903 sq. meters. 37#38One Midtown, New Delhi DLFA 38 Artist's impression; not an actual image