The Phoenix Mills Limited — PPTs, 14-11-2024: Investor Presentation

**Financial Highlights:** The investor presentation showcases significant financial resilience with operational EBITDA reaching ₹2,177 Cr for FY24, a notable increase from ₹32 Cr in FY06. The company's net debt to EBITDA is around 1.0x, highlighting prudent financial management. Overall consumption stood at ₹11,344 Cr, signaling robust retail activity.

**Strategic Initiatives and Growth Drivers:** Phoenix Mills continues to expand its mixed-use developments across major cities, with over 14 million sq. ft. of operational space. Upcoming projects include significant expansions in Thane, Coimbatore, and a large-scale mall in Surat, indicating a forward-thinking growth strategy.

**Business Developments:** Recent equity raises of approximately ₹5,000 Cr between August 2020 and November 2021 have strengthened the balance sheet. The partnership with CPPIB remains a cornerstone of growth, allowing expansion through targeted acquisitions and new developments.

**Market Position and Competitive Advantage:** The company holds a leading position in India’s retail sector, boasting the largest retail-led mixed-use portfolio across its top cities, enhancing its competitive edge in a rapidly evolving market.

**Investor Implications:** The solid performance metrics and expansion strategies present a positive outlook for investors, with potential growth anticipated as new projects come to fruition and operational efficiency improves.