Phoenix Mills : Investor Presentation Q4 FY2024

Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor,

R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011

Tel: [phone] Fax : [phone]

CIN No. : L17100MH1905PLC000200

Date: May 17, 2024

BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers	Exchange Plaza,
Dalal Street, Fort,	Bandra-Kurla Complex, Bandra East,
Mumbai- 400 001	Mumbai- 400051
Security code: 503100	Symbol: PHOENIXLTD
Dear Sir(s),

Sub: Investors' Presentation on Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2024

Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the presentation on Audited Standalone and Consolidated Financial Results of The Phoenix Mills Limited ('Company') for the quarter and financial year ended on March 31, 2024, to be made to investors and analysts.

The same is also being uploaded on the Company's website at https://www.thephoenixmills.com/investors/FY2024/Investor-Presentationin compliance with Regulation 46(2) of the Listing Regulations.

You are requested to take the aforesaid information on record.

Thanking you,

Yours Faithfully,

For The Phoenix Mills Limited

GAJENDRA Digitally signed by

GAJENDRA MEWARA

MEWARA Date: 2024.05.17 21:36:46 +05'30'

_______________________

Gajendra Mewara

Company Secretary

Mem. No. A22941

Encl:- As below

Regd. Office: The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. Tel : [phone] / 8 / 9

Fax : [phone] E-mail : [e-mail] www.thephoenixmills.com

Phoenix Mall of the Millennium , Pune

The Phoenix Mills Ltd.

Investor Presentation

Q4 FY24 and FY24

Photo shot at location

Business Update

Business Performance

Financial Results

Annexure

Phoenix MarketCity Mumbai	2

FY24 Retail Mall Business Overview

Q4 FY24 and FY24 Consumption

	FY24
Q4 FY24	~Rs. 11,344 Cr
~Rs. 2,833 Cr
↑ 28%	↑ 23%
Vs Q4	Vs
FY23	FY23

20%+ Growth in Consumption and Rentals

Consumption Growth Components		Q4 FY24 and FY24 Rentals
10%	28%	8%	23%			FY24
					Q4 FY24	Rs. 1,660 cr
like-to-Like	Overall	like-to-Like	Overall
	Rs. 447 Cr
					↑ 31%	↑ 27%
					Vs Q4	Vs
Q4 FY24	FY24		FY23	FY23

Retail Malls launched since December 2022

Rental Growth Components

7%	31%	6%	27%
Like-to-like	Overall	Like-to-like	Overall
Q4 FY24	FY24

Phoenix Citadel	Palladium Ahmedabad	Phoenix Mall of the Millenium	Phoenix Mall of Asia
Dec-22	Feb-23	Sep-23	Oct-23	3

Retail Overview

	Q4 FY24	Q4 FY23
Particulars
	(Rs. cr)	(Rs. cr)
Consumption	2,833	2,211
Retail Rental Income	447	340
Retail EBITDA	448	351
EBITDA to Rental %	100%	103%

	FY24	FY23
Particulars
	(Rs. cr)	(Rs. cr)
Consumption	11,344	9,248
Retail Rental Income	1,660	1,311
Retail EBITDA	1,673	1,342
EBITDA to Rental %	101%	102%

Notes:

• Growth over Q4 FY23

28%

31%

28%

• Growth over FY23

23%

27%

25%

Existing operational malls

Q4 FY24	Q4 FY23	% Growth
		over Q4
(Rs. cr)	(Rs. cr)	FY23
2,384	2,189	9%
363	337	7%
375	349	7%

103% 104%

FY24	FY23	% Growth
(Rs. cr)	(Rs. cr)	over FY23
9,790	9,146	7%
1,365	1,289	6%
1,416	1,324	7%
104%	103%

New Malls launched

• high growth phase

Q4 FY24	Q4 FY23	% Growth
(Rs. cr)	(Rs. cr)	over Q4 FY23
449	23
84	3
		Not Applicable
73	2

86% 55%

FY24	FY23	% Growth
(Rs. cr)	(Rs. cr)	over FY23

1,553 102

295 22

Not Applicable

257 19

87% 86%

1.	Consumption given in the column "Existing Operational Malls" excludes the adjustment for impact of closure of Lifestyle Block at Phoenix Palladium
2.	For Q4FY24, Phoenix Citadel Indore is considered in the Existing Operational malls and for FY24, Phoenix Citadel is considered in NewConceptMalls launchedArchitect	4

Phoenix Citadel Indore: Performance Update

Retail GLA: ~1.00 msft

Photo shot at location

Ramp up in Trading Occupancy (%)

		89%	91%	91%	91%
	86%
70%
42%
Dec-22*Mar-23	Jun-23	Sep-23Dec-23Mar-24Apr-24
*Operations commenced on 01-Dec-22

5

Palladium Ahmedabad: Performance Update

	Ramp up in Trading Occupancy
				86%	86%
				78%
			74%
		60%
	43%
	32%
	Feb-23*Mar-23	Jun-23	Sep-23	Dec-23Mar-24	Apr-24
Photo shot at location	Photo shot at location
	*Operations commenced on 26-Feb-23	6

Phoenix Mall of the Millennium, Pune: Performance Update

Photo shot at location

Photo shot at location

Photo shot at location

Ramp up in Trading Occupancy (%)

	76%	77%
	60%
50%
44%
Sep-23*Oct-23	Dec-23Mar-24	Apr-24
*Operations commenced on 01-Sep-23	7

Phoenix Mall of Asia, Bangalore: Performance Update

Photo shot at location

Ramp up in Trading Occupancy (%)

			67%
		57%
	50%
43%
Oct-23*	Dec-23	Mar-24	Apr-24
*Operations commenced on 27-Oct-23	8

Photo shot at location

Business Update

Business Performance - Retail

Financial Results

Annexure

Phoenix Mall of Asia

9