DLF : ANALYST PRESENTATION Q1Q1Q1

DLF Limited: Q1FY24 RESULTS PRESENTATION

DLF Downtown, Gurugram

AGENDA

01 Overview

02 DLF Limited: Business Update

03 DCCDL: Business Update

Horizon Center, DLF 5, Gurugram

DLF Group - Business Overview

Residential

Business	Apartments/Plotted/
	Townships/Low-rise
Track	76
Years of experience in
record
real estate development

	215 msf+
Scale	Development potential
	(Devco & Rentco)
	Strong brand
Organization

Offices	Retail	Other Business
Cyber Cities/Cyber Parks/		Service & Facility
IT SEZs/		Management/Hospitality
Commercial Parks

158+	340 msf+	118 msf+
Real estate
Area developed	Deliveries since IPO
projects developed
~42 msf	~46 msf	~INR 56 bn
Operational Rental	Product Pipeline	Available Inventory
portfolio	(Devco & Rentco)
Focused on Safety,	Strong Leadership	Strong Promoter
Sustainability &
with experienced	commitment
Governance	teams

3

Outlook

Industry

Company

Strong macro tailwinds to support industry growth

Housing demand expected to exhibit sustained momentum

Industry consolidation and growing demand for premium and luxury housing augurs well for larger & credible players

Indian office ecosystem continues to be preferred by large occupiers; Increasing demand from GCCs should support steady growth in the segment, however global uncertainties deferring decision-making

Retail segment comfortably poised for growth; Organized retail expected to perform better

Continue to implement our strategy of bringing calibrated supply in select markets

Remain focused on timely execution of launched products

Planned launches for current fiscal progressing as per plan

New office developments expected to continue to witness healthy demand; Significant pre-leasing in new office products

Remain enthused on growth prospects in the retail business; progress on new retail destinations remains on track

4

DLF Group- Key Business Priorities

GOAL	Maintaining Leadership position by delivering
Consistent, Competitive & Profitable Growth

Value Creation Levers

Identified Plan/Actions

1		▪	Continue to scaling-up our product offerings; developing margin accretive products
		Development
		▪	Tapping multiple geographies; Core: Gurugram / Delhi NCR; Other Key Markets: Chennai/Chandigarh Tri-city/Goa
		Business
			▪ Continue to work on developing profitable opportunities

2		▪	Double digit rental growth through organic growth and New developments
	Rental
	▪	Significant increase in retail presence; Portfolio to grow to 2xin next 4-5 years
	Business

• Unlocking the development potential; Modernization / Upgradation of existing assets

3
	Cash	▪ Consistent free cash flow generation in the business; Targeting steady growthin FCF generation
	Management	▪	To achieve our goal of being Net Debt Zero(Development business) in FY24
4
	Profitability /	▪ Improving profitability; Targeting steady double digit PAT growth annually;
	Shareholder returns	▪	Improving Shareholder returns by enhancing Dividend Payout over time
	5	▪ Building Organizational capabilities; strengthening project management/ sales organization & enhancing digital
	Organization		capabilities to improve efficiency and controls
		▪	Optimizing organizational overheads; to be competitive & commensurate with our growth plans	5