Trailblazing Legacy & Corporate Developments

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Real Estate

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JAN 2020

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#1Artist's impression of World Trade Center, Chennai Artist's impression of Brigade Tech Gardens BRIGADE ENTERPRISES LIMITED Investor Presentation - FY 22 (CIN: L85110KA1995PLC019126) BRIGADE Great Place To Work. Certified#2Brigade - A brand that puts values first About us Leading property developer in South Indian real estate market with over 35 years of experience Reputation of developing Grade A properties Business Portfolio of Residential, Lease Rentals and Hospitality projects Consistent EBITDA margin of ~26%-28% for the past seven years Rated A+ 'Stable' from ICRA and CRISIL Ranked amongst the 100 Best Places to Work in India for eleven consecutive years by GPTW Institute Our Values Shared Vision: To be a World Class Organization in our Products, Processes, People & Performance Shared Mission: To be the Preferred Developer of Residential, Commercial & Hospitality Spaces in the market in which we operate, without compromising on our values, for the benefit of all our stakeholders Core Values: QC-First - Quality, Customer Centricity, Fair, Innovative, Responsible Socially, Trustworthy Presence GIFT City Hyderabad Bengaluru Chennai Mysore Kochi Thiruvananthapuram BRIGADE 2#3Segments Highlights Real Estate - On Sale Basis Achieved highest ever pre-sales of ~4.7 Mn sft with sale value of INR 30,227 Mn in FY22, an increase of 9% from FY21 Revenue Share % • Sales volume was ~1.5 Mn sft in Q4 FY22, an increase of 42% from Q3 FY22; Sale value of INR 10,279 Mn, an increase of 50% from Q3 FY22 Average realization increased by 7% Y-o-Y to INR 6,411/sft in FY22 Lease Rentals • • Leased ~1 Mn sft during FY22; Active pipeline of ~1 Mn sft Achieved office renewals of ~0.5 Mn sft during FY22 at 14% escalation Retailer sales consumption surpassed pre-covid levels from mid of Feb 2022; F&B, Multiplexes performed well due to big box office releases 19% 6% Retail revenue increased by 64% during FY22 compared to FY21 Hospitality · Portfolio showcased an impressive revival after third wave of covid in Jan and mid Feb 22 witnessing sharp recovery in occupancies, ARR's, F&B revenue, banquet events, leisure and group travel Encouraging growth in portfolio occupancy, reaching 94% of pre-covid levels during Q4 FY22 Portfolio ARR increased by 18% in FY22 as compared to FY21; ARR at 72% of pre-covid levels during Q4 FY22 75% I Real Estate - On Sale Basis Lease Rentals Highest ever collections of INR 40,827 Mn in FY22; 51% increase from FY21 BRIGADE Hospitality 3#4Summary: Ongoing Projects Area in Mn sft 7% Total Project Area Projects Project Area Co Share LO/JV share Real Estate projects for sale 7.88 5.11 2.77 Brigade Orchards * 1.06 0.53 0.53 Brigade Cornerstone Utopia* 5.02 3.33 1.69 Brigade Residences at WTC Chennai* 0.57 0.29 0.28 Brigade El Dorado* 2.89 2.89 Total Real Estate (A) 10% 17.42 12.15 5.27 Brigade Twin Towers* 1.30 1.30 Total Leasing (B) 1.30 1.30 Total (A+B) 18.72 13.45 5.27 * Projects in SPV 90% Ο Ο ■Real Estate Lease Rentals Brigade's share of Project Area 93% Real Estate ■Lease Rentals 4 BRIGADE#5Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches BRIGADE Great Place To Work. Certified JAN 2020-DEC 2000 INDHA#6Highlights: Real Estate - FY22 • • Achieved highest ever pre-sales of ~4.7 Mn sft with a sale value of INR 30,227 Mn during FY22 Average realization was INR 6,411 psft in FY22, increase by 7% from FY21 Strong pipeline of ongoing projects of ~17.4 Mn sft Strong pipeline of upcoming projects of 8.3 Mn sft with key • projects in Bengaluru & Hyderabad Bengaluru Brigade Atmosphere, Pearl Block • Brigade Horizon • Brigade Nanda Heights • Brigade El Dorado, new blocks • Brigade Valencia • Brigade Upper Crest • Brigade Calista Brigade Millenium Annexe Brigade Plots at Mysore, Orchards & Devanahalli Hyderabad • Brigade Citadel, Phase 2 &3 BRIGADE CHARCA HEIGHTS BRIGADE Artist's impression of Brigade Komarla Heights 6#7Group Sales Snapshot Particulars FY22 FY21 FY22 on FY21 Q4 FY22 Q3 FY22 Q4 FY21 Net Area Sales ('000 sft) BRIGADE Q4 FY22 on Q3 FY22 Q4 FY22 on Q4 FY21 Residential 4,636 4,470 4% 1,508 1,083 1,628 39% (7%) Commercial 80 133 (40%) 40 7 33 471% 21% Total 4,716 4,603 2% 1,548 1,090 1,661 42% (7%) Net Sale Value (INR Mn) Residential 29,505 26,579 11% 9,931 6,801 9,897 46% Commercial 722 1,087 (34%) 348 41 278 748% 25% Total 30,227 27,666 9% 10,279 6,842 10,176 50% 1% Realization (INR/sft) 6,411 6,011 7% 6,644 6,281 6,128 Achieved highest realization of INR 6,411 psft during FY22; 50% increase in sales by value vis-à-vis Q3 FY22 6% 8% 7#8Yearly Sales Performance - Real Estate Net Area Sales ('000 Sft) Net Sales Value (INR Mn) 1,566 2,965 5-Yr CAGR = 24% 4,603 4,716 4,265 2018 2019 2020 2021 2022 8,963 16,440 5-Yr CAGR = 28% 23,768 27,666 30,227 2018 2019 2020 2021 2022 Achieved highest ever Pre-sales of ~4.7 Mn sft during FY22 BRIGADE 8#9Consolidated synopsis of Real Estate Projects BRIGADE Particulars Ongoing BEL Projects Ongoing SPV Projects* Total super built-up area of projects on sale basis 15.79 1.63 Stock Sales In Mn sft BEL 0.56 Total SPV 0.55 18.53 Less: Landowner share 4.46 4.46 Company share of saleable area 11.33 1.63 0.56 0.55 14.07 Sold till date 7.81 0.81 8.62 To be sold Estimated receipts From sold units From unsold units 3.52 0.82 0.56 0.55 5.45 INR Mn 67,114 11,553 7,830 5,289 91,786 44,902 6,558 4,840 2,520 58,820 22,212 4,995 2,990 2,769 32,966 Collections to date on sold units 23,478 3,832 3,784 1,495 32,589 Remaining to be collected from sold units 21,424 2,726 1,056 1,025 26,231 Remaining to be collected from sold and unsold units [A] 43,636 7,721 4,046 3,794 59,197 Estimated Total Cost 52,875 8,596 1,743 2,217 65,431 Cost incurred till date 22,424 5,014 1,743 2,217 31,398 Remaining Cost to be incurred [B] 30,451 3,582 34,033 Gross Operating Cash Flows [A] - [B] 13,185 4,139 4,046 3,794 25,164 Present Borrowings [C] 845 101 597 1,175 2,718 Net Operating Cash Flows projected [A] - [B] - [C] 12,340 4,038 3,449 2,619 22,446 * Brigade Orchards and Brigade Residences at WTC Chennai 9#10Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank 6 Projects launched and upcoming launches BRIGADE Great Place To Work. Certified#11Our Leasing Portfolio: Operating Assets Retail 1.16 0.15 Office 5.06 0.37 1.96 BRIGADE Area in Mn sft Leased Out Hard Option To Be Transacted Particulars Brigade Tech Gardens WTC Chennai Leasable Area Leased Hard Option To be transacted 3.00 1.58 0.20 1.22 2.01 1.43 0.06 0.52 WTC Bengaluru 0.62 0.62 Brigade Opus 0.30 0.24 0.06 Brigade Bhuwalka Icon 0.19 0.19 WTC Kochi 0.77 0.62 0.11 0.04 Brigade Financial Center, Gift City 0.29 0.20 0.09 Brigade Southfield 0.15 0.15 Orion Gateway 0.83 0.77 Orion Uptown 0.27 0.21 Orion Avenue (BEL Share) 0.15 0.12 0.06 0.06 0.03 Brigade Vantage, Chennai 0.06 0.06 Others 0.06 0.03 0.03 Total 8.70 6.22 0.37 2.11 11#12Empty#13Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank BRIGADE 6 Projects launched and upcoming launches To Great Place Work. Certified INDIA#14Positive momentum in Hospitality Segment Hospitality performance was impacted by state-wide restrictions due to third wave of covid in Jan 22 and mid Feb 22 56% Showcased impressive revival after mid Feb 22; Occupancy reached 64% and ARR touched 78% of pre-covid levels during March 22 Witnessed sharp recovery in F&B segment, banquet events both corporate and social, leisure and group travel Witnessed positive trend with the restart of international flights, uptick in corporate movement and rescheduling of mega events • Expect hospitality business to show consistent improvement 23% 44% BRIGADE 5,348 3,008 3,562 FY 20 FY 21 FY 22 ARR -Occupancy Grand Mercure, Bangalore 64% 60% 62% 56% 35% 47% 3,542 3,874 4,127 2,832 3,748 4,151 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 ARR Occupancy Hospitality EBITDA increased by 305% to INR 227 Mn in FY22 vis-à-vis FY21 14#15Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 Positive momentum in Hospitality Segment 4 Financial Performance 5 Land bank BRIGADE 6 Projects launched and upcoming launches To Great Place Work. Certified FER 3032-33 INDIA#16Consolidated Financials: Snapshot BRIGADE (INR Mn) FY 22 on FY Q4 FY22 on Q4 FY22 on Particulars Q4 FY22 Q3 FY22 Q4 FY21 FY 22 FY 21 Q3 FY22 Q4 FY21 21 Revenue 9,647 9,332 8,209 3% 18% 30,655 20,104 52% EBITDA 2,276 2,697 2,183 (16%) 4% 8,330 5,323 56% Finance costs 1,094 1,083 900 1% 22% 4,436 3,468 28% Profit before depreciation 1,182 1,614 1,283 (27%) (8%) 3,894 1,855 110% Depreciation 908 871 660 4% 38% 3,505 2,369 48% Profit/(Loss) before share from Associate 274 743 623 (63%) (56%) 389 (514) & Exceptional item Add: Profit from Associate 1 8 5 (88%) (80%) 27 26 4% Less: Exceptional Item 200 363 (45%) 566 763 (26%) PBT Tax charge/(credit) PAT PAT after MI EBITDA/Revenue 75 751 265 (90%) (72%) (150) (1,251) 191 287 69 (33%) 178% 498 (287) (116) 464 196 (648) (964) 325 784 396 (59%) (18%) 828 (463) 24% 29% 27% 27% 26% PBT/Revenue PAT/Revenue 1% 8% 3% (6%) (1%) 5% 2% (2%) (5%) *PAT: Profit After Tax, PBT: Profit Before Tax, EBITDA: Earnings Before Interest Tax Depreciation Amortization, MI: Minority Interest, () indicates negative figure 16#17Business Segment Performance: FY22 BRIGADE (INR Mn) Particulars Real Estate Lease Rental Hospitality Total Revenue 22,898 5,965 1,792 30,655 as % of Total 75% 19% 6% 100% Direct Expenses 16,091 55 218 16,364 Admin Expenses 851 1,267 812 2,929 Selling Cost 655 232 75 962 Employee cost 1,211 398 460 2,069 EBITDA 4,090 4,013 227 8,330 EBITDA Revenue % 18% 67% 13% 27% Finance costs 616 3,276 544 4,436 PBDT 3,474 737 (317) 3,894 Depreciation 94 2,709 702 3,505 PBTE 3,380 (1,972) (1,019) 389 PBTE/ Revenue % 15% (33%) (57%) 1% *PAT: Profit After Tax, PBTE: Profit Before Tax & Exceptional Items, EBITDA: Earnings before Interest Tax Depreciation Amortization, MI : Minority Interest, () indicates negative figure 17#18Consolidated Cash Flows BRIGADE (INR Mn) Particulars Operating Activities Total Collections Q4 FY22 Q3 FY22 Q2 FY22 Q1 FY22 FY 22 FY 21 13,335 10,951 9,369 7,172 40,827 27,119 Direct Cost/Construction Cost (5,434) (4,155) (3,712) (3,488) (16,789) (11,132) Landowner Payments (1,218) (982) (939) (619) (3758) (1,853) Employee and Admin Expenses (938) (831) (1,059) (738) (3,566) (2,221) Sales & Marketing Expenses (398) (455) (302) (222) (1,377) (938) Statutory Payments (1,066) (1,047) (1,210) (522) (3,845) (1,707) Other Payments (132) (73) (13) (25) (243) (98) Net Cash Flow from Operating Activities (A) 4,149 3,408 2,134 1,558 11,249 9,170 Investment Activities Cash from Investment Activities (FD & MF) 1,250 1,737 2,650 1,617 7,254 4,379 Construction Cost (CWIP/Capex Projects) (430) (732) (588) (638) (2,388) (5,200) Investment in Land/JD/JV/TDR (1,149) (192) (190) (10) (1,541) (1,856) Other Investments (FD & Mutual Fund) (2,587) (3,304) (2,124) (6,832) (14,847) (6,994) Net Cash Flow from Investment Activities (B) (2,916) (2,491) (252) (5,863) (11,522) (9,671) Financing Activities Debt Drawdown 2,029 2,537 6,577 2,913 14,056 18,157 Investment by PE 500 250 750 860 Proceeds from QIP/ESOP/Share Warrants 25 42 37 5,008 5,112 882 Dividend Payment (252) (252) Debt Repayment Finance costs (1,518) (2,936) (7,766) (3,483) (15,703) (15,267) (836) (779) (831) (878) (3,324) (3,712) Net Cash Flow from Financing Activities (C) (300) (1,136) (1,735) 3,810 639 920 Net Cash Flows for the Period (A+B+C) 933 (219) 147 (495) 366 419 Cash Flow from Operating activities for FY22 was INR 11,249 Mn, 23% higher than FY21 18#19Capital Allocation: Segment-wise as of 31st March 2022 Capital Segment Equity (A) Debt (B) D/E Ratio PBD*/ Employed (A/B) Equity % Operating Capital Employed (A+B) (OCE) (INR Mn) Capital Employed % EBITDA/ OCE % Real Estate 20,209 2,718 22,927 0.13 17% 22,927 18% Hospitality 2,524 6,182 8,706 2.45 (13%) 8,444 3% Leasing 13,291 32,288 45,579 2.43 6% 40,435 10% 59% Less: 15,785 Cash Balance Total 36,024 25,403 77,212 0.71 5% 71,806 12% Net Debt to Equity ratio stands reduced to 0.71 as on 31st March 22 Note: PBD/Equity and EBITDA/OCE percentages are calculated based on trailing four quarter numbers *PBD: Profit Before Depreciation & Tax (After Interest) BRIGADE 11% 30% ■ Real Estate ■Lease Rentals Hospitality 19#20Consolidated Debt Profile Real Estate Particulars March-22 December-21 March-21 2,718 2,929 4,973 Hospitality GOP Securitised Capex 6,182 5,989 5,858 5,332 4,899 4,587 850 1,090 1,271 Leasing 32,288 32,100 32,165 Securitised Lease Rental 23,768 23,752 21,052 Capex 8,520 8,348 11,113 Less: Cash & Cash Equivalents 15,785 13,116 7,260 Net Debt 25,403 27,902 35,736 Less: SPV Partner's share of debt 9,206 9,337 9,189 Exposure of BEL 16,197 18,565 26,547 Cost of Debt (Consolidated) 7.65% 7.81% 8.40% Credit Rating BRIGADE (INR Mn) [ICRA] A+ (Stable), CRISIL A+/Stable [ICRA] A+ (Stable), CRISIL A+/Stable [ICRA] A (Stable), CRISIL A/Stable Gross debt figure for March-22 includes INR 18,762 Mn debt taken in SPV's where BEL's share is INR 9,556 Mn 20 20#21Debt Profile & Cost of Borrowing Segment Wise Debt (INR Mn) 13% 20% 2% 7% Gross Debt - 41,188 Mn 58% 10% 9% 8% 7% 9.00% Avg. Cost of Borrowing Reduction of 135 Bps 8.40% 8.14% 6% Dec-20 Mar-21 BRIGADE 7.92% 7.81% 7.65% Dec-21 Mar-2 Jun-21 Sep-21 Brigade's cost of debt -SBI's 1-year MCLR ■Commercial - LRD ■Real Estate - CF Commercial - CAPEX ■ Hospitality - LRD ■Hospitality - CAPEX Average cost of borrowing is at an all time low of 7.65% p.a. 21 24#22Standalone Financial Statement BRIGADE (INR Mn) Q4 FY22 on Q4 FY22 on Particulars Q4 FY22 Q3 FY22 Q4 FY21 FY 22 FY 21 FY 22 on FY 21 Q3 FY22 Q4 FY21 Turnover 7,187 7,139 6,448 1% 11% 23,042 16,369 41% EBITDA 1,827 2,186 1,957 (16%) (7%) 6,601 5,154 28% Finance costs 335 336 454 (26%) 1,427 1,976 (28%) Profit before depreciation 1,492 1,850 1,503 (19%) (1%) 5,174 3,178 63% Depreciation 199 222 227 (10%) (12%) 844 866 (3%) PBTE 1,293 1,628 1,276 (21%) 1% 4,330 2,312 87% Less: Exceptional Items 135 535 PBT 1,293 1,628 1,141 (21%) 13% 4,330 1,777 144% Tax charge (credit) 454 427 154 6% 195% 1,241 331 275% PAT 839 1,201 987 (30%) (15%) 3,089 1,446 114% EBITDA/Revenue 25% 31% 30% 29% 31% PBT/Revenue 18% 23% 18% 19% 11% PAT/Revenue 12% 17% 15% 13% 9% * PAT: Profit After Tax, PBTE: Profit Before Tax & Exceptional Items, PBT: Profit Before Tax, EBITDA: Earnings Before Interest Tax Depreciation Amortization 22#23Contents 1 2 Real Estate performance remains robust Gained momentum in Leasing Segment 3 Strong rebound in Hospitality Segment 4 Financial Performance 5 Land bank BRIGADE 6 Projects launched and upcoming launches To Great Place Work. Certified INDIA#24Brigade's Land Bank GIFT City Hyderabad Bengaluru Mysore Chennai Kochi Thiruvananthapuram BRIGADE 75 75 18 15 Land Area (in acres) as on 31st March 22 14 12 3 0 300 ■Bangalore Chennai -Kochi ■Mysore Thiruvananthapuram ■ Hyderabad ■ Gujarat Total Land Area (Acres) 437 Cost of Land (INR Mn) 16,439 Amount Paid (INR Mn) 7,016 Balance Payable (INR Mn) 9,423 24#25Developable Area Details Product Land Area Project Area (Mn Sft) BEL Share (Mn Sft) Residential 260 33.7 24.8 Plotted development 89 1.9 0.8 Commercial-Sale 12 1.5 0.9 Commercial-Lease 55 7.8 7.1 Hotel 21 0.4 0.4 25% Total 437 45.3 34.0 Project Area: Location 4% 5% BRIGADE Location Land Area Project Area (Mn Sft) BEL Share (Mn Sft) 66% Bengaluru 300 30 23 Chennai 75 11 8 Thiruvananthapuram 14 2 2 Others (Mysore, Gift City, 48 2 1 Hyderabad, Kochi) ■Bangalore Chennai Thiruvananthapuram ■ Others Total 437 45 34 25#26Contents 1 Real Estate performance remains robust 2 Demand revival in Leasing Segment 3 4 Positive momentum in Hospitality Segment Financial Performance 5 Land bank BRIGADE 6 Projects launched and upcoming launches Great Place To Work. Certified FER 2032-FEB 2023 INDIA#27Projects Launched: FY22 BRIGADE Project Area BEL Economic Interest Project City Segment Quarter Launched (Mn Sft) (Mn Sft) Brigade El Dorado - K Block Bengaluru Residential 0.62 0.62 Q1 Brigade Xanadu Cluster 3 Chennai Residential 0.77 0.47 Q1 Brigade Gem Bengaluru Residential 0.18 0.14 Q2 Brigade Northridge Phase 2 Bengaluru Residential 0.16 0.10 Q2 Brigade Utopia - Eden Bengaluru Commercial 0.14 0.14 Q2 Brigade Orchards - Ivory Block Bengaluru Residential 0.90 0.45 Q4 Brigade Komarla Heights Bengaluru Residential 0.43 0.25 Q4 Brigade Orchards - Goldspire Block Bengaluru Residential 0.07 0.04 Q4 Brigade Laguna Bengaluru Residential 0.34 0.20 Q4 Brigade Citadel - F & G Blocks Hyderabad Residential 0.18 0.12 Q4 Total 3.79 2.53 27#28Upcoming Launches BRIGADE Segment Total Area (Mn sft) Brigade Economic Interest (Mn sft) Residential 8.34 5.91 Leasing Total 2.03 10.37 1.20 7.11 Artist's impression of Brigade Nanda Heights Artist's impression of Brigade Square, Trivandrum 28#29Awards and Accolades - Q4 FY22 BRIGADE • . • The Economic Times recognized Brigade Group as one of the Best Organization for Women - 2022, presented by FEMINA Certificate for Safe Workplace Award presented by Cecure Us CII -SR EHS Excellence Awards 2021, Gold award presented to Brigade Citadel THE ECONOMIC TIMES BEST ORGANISATIONS FOR WOMEN 2022 RKP Congratulations CERTIFICATE FOR SAFE WORKPLACE AWARD Proudly presented to • Cll - SR EHS Excellence Awards 2021, bronze award presented to Brigade Twin Towers FEMINA The Economic Times recognises Brigade Group as one of the Best Organisations for Women - 2022 BRIGADE For being fully compliant to the PoSH Act 2013 and creating a safe and harmonious workplace for the year 2021 Your POSH compliance partner Cecurells www.cecureus.com 29#30• Awards and Accolades - Q4 FY22 A TRAILBLAZING LEGACY CALL OF Tal. GTH? We are proud to announce that our Chairman & MD, M. R. Jaishankar has been conferred with a HONORIS CAUSA DEGREE (DOCTORATE) by the Hon. Governor of Karnataka, Shri Thaawar Chand Gehlot as the Chancellor of Bangalore City University. for his meritorious contributions to "Infrastructure Development and Philanthropic Approach for Social Cause" - in the presence of Padma Vibhushan Dr. K. Kasturirangan and Dr. C. N. Ashwath Narayan. Our CMD, Mr. M.R.Jaishankar conferred an Honorary Doctorate Degree by Bangalore University 40 RE UNDER ORT Our Executive Director, Ms. Nirupa Shankar recognized by The Economic Times as India Inc's Top Young 40 Leaders under the age of 40 BRIGADE 30#31Shareholding Pattern - 31st March 2022 22% 20% 14% Promoter Group 44% Flls and FPIS I Mutual Funds Others BRIGADE 31#32Board of Directors M. R. Jaishankar Chairman and Managing Director Masters in Business Administration • Part of Promoter Group Aroon Raman Independent Director . . MBA from Wharton School, University of Pennsylvania Author and Entrepreneur Lakshmi Venkatachalam Independent Director Dr. Venkatesh Panchapagesan Independent Director • MBA from Boston University • CA, CWA, IIM K Alumni • Retired IAS Officer • Faculty at IIM B Nirupa Shankar Executive Director . Masters of Management, • Hospitality from Cornell University Part of Promoter Group Roshin Mathew Executive Director B Tech and Masters in Building Engineering and Management Amar Mysore Executive Director Masters in Engineering from Pennsylvania Sate University Part of Promoter Group Pradeep Kumar Panja Independent Director BRIGADE Pavitra Shankar Executive Director • MBA, Real Estate & Finance, Columbia Business School Part of Promoter Group Bijou Kurien Independent Director PG Diploma in Business Management Rich experience in Retail Sector • Masters in Science • Former MD of SBI • 32#33Ongoing Residential Projects BRIGADE 1 Artist's impression of Brigade Laguna Artist's impression of Brigade Utopia, Paradise 33#34Completed Projects BRIGADE Actual shot at Brigade Orchards, Deodar Actual shot at Brigade Panorama 34#35Upcoming launches BRIGADE Artist's impression of Brigade Atmosphere, Pearl Artist's impression of Plotted development at Devanahalli 35#36Ongoing Commercial Projects BRIGADE BRIGADE DECCAN HEIGHTS BRIGADE Artist's impression of Brigade Triumph Artist's impression of Brigade Deccan Heights 36#37Email:[email protected] Thank you Brigade Enterprises Limited 29th & 30th Floor, World Trade Center Brigade Gateway Campus, Dr Rajkumar Road, Malleswaram-Rajajinagar, Bengaluru 560055 BRIGADE P. DORADO Great Place To Work. Certified 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 number of risks and uncertainties which could cause actual results to differ from those anticipated by the Company. INDIA 37

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