SOBHA DEVELOPERS LTD

Investor Presentation 30th June 2012

Q1-13 PERFORMANCE HIGHLIGHTS

SALES VOLUME: Sold 0.84 mn.sqft of new space during Q1-13 as against 0.67 mn.sqft during corresponding period of the last year. Volume up by 25% Yr-on-Yr. Recorded new sales value of Rs.4.79 Billion during Q1-13, as against Rs.3.03 Billion during Q1-12 sales value up by 58% Yr-on-Yr Achieved average price realization of Rs.5,737 / sq.ft during Q1-13, as against Rs.4,547/sq.ft during Q1-12, which is up by 26% Yr-On-Yr

VALUE : REALIZATION: NEW LAUNCH

Launched a villa project SOBHA WEST HILL - at Coimbatore, measuring total Super Built-up area of 147,715 sft and saleable plot area of about 270,000 sft PROJECT COMPLETION Completed and handed over 1 Real Estate Project and 7 Contractual projects, measuring the total developable area of 1.18 mn.sqft.

SOBHA

Q1-13 CONSOLIDATED FINANCIAL HIGHLIGHTS

REVENUE Revenue of Rs. 4.35 Billion during Q1-13 as against Rs.2.78 Billion in Q1-12 Revenue up by 57 % on Yr-on-Yr EBITDA EBITDA of Rs.1.20 Billion during Q1-13 as against Rs.656 million in Q1 -12 EBITDA up by 83 % on Yr-on-Yr EBITDA margin at 28% as compared to 24% during Q1-12 PROFIT BEFORE TAX (PBT) PBT of Rs. 696 million during Q1-13 as against Rs.417 million in Q1-12. PBT up by 67% Yr-on-Yr PBT margin at 16% as compared to 15% during Q1-12. PROFIT AFTER TAX (PAT) After Minority Interest: Booked PAT of Rs.449 million during Q1-13 as against Rs. 260 million in Q1-12. PAT up by 73% Yr-on-Yr PAT margin at 10% as compared to 9% during Q1-12.

SOBHA

Q1-13 CONSOLIDATED FINANCIAL HIGHLIGHTS

UNBILLED REVENUE Unbilled revenue from sold units has increased to Rs.12.92 bn from Rs.11.14 bn Out of the above Rs. 4.78 Billion expected to hit the P&L during the current financial year. CASH FLOW Collected Rs.4.86 Billion from operations Generated positive cash flow of Rs.730 million from operations during Q1-13 LOAN Repaid the loan of Rs.1.56 Billion during Q1-13. Balance loan to be repaid during FY 13 (9 months) is about Rs.2.01 bn. DEBT Consolidated net debt as on 30th June-12 is Rs.11.81 bn Consolidated net D/E ratio stands at 0.58 of equity as compared to 0.57 as on 31st Mar-12.

SOBHA

QUARTERLY SALES PERFORMANCE

Last 4years 1st quarter sales performance LocationsBangalore NCR (Gurgaon) Chennai Pune Thrissur Coimbatore Mysore TOTAL Q1-13 520,080 135,721 72,083 30,639 44,096 26,005 6,975 835,600 Q1-12 477,362 27,912 58,198 43,645 58,542 665,659 Q4-12 570,097 109,204 85,213 30,658 61,056 6,970 863,197 FY 11-12 2,259,337
Area Sold in Mn.sqft

Value (Rs.Mns)

446

2,588

3,027

4,794
Average Realization / sqft

1.60

5,737 4,547 3,858 0.84 0.67 1,781 0.25 0.67

6,000 5,000 4,000 3,000 2,000 1,000 -

322,767 85,213 128,709 304,373 90,988 92,823 3,284,209

1.40 1.20 1.00 0.80 0.60 0.40 0.20 Q1-10 Q1-11

Q1-12

Q1-13

Average Price Realization (` per sqft) Sales Value (`.in Billion)

Sales guidance for FY 13 5,737 4,547 5,380 5,181 4.79 3.03 4.64 17.01 Targeted sales value of Rs.20 bn for the financial year 2012-13

SOBHA

OPERATIONAL CASH FLOW REAL ESTATE

Real Estate Projects Cash flow status as on 30th June-12
Ongoing Projects 16.51 14.33 5.22 9.11 41,171 14,665 60,736 34,229 Completed Projects 4.68 4.49 4.40 0.09 276 532 415 671

Description Total Super Built-up area Sobha share of Saleable area Total area sold till 30th June-12 Unsold area Balance construction cost to be spent to complete the entire developments Outstanding receivables + Balance to be billed and collected on sold units Sales value of unsold stock Positive cash flow expected

UOM Mn.sft Mn.sft Mn.sft Mn.sft Rs.Mns Rs.Mns Rs.Mns Rs.Mns

Total Cash flow available from the Real Estate projects

34,900

Rs.Mns

SOBHA

LOCATION WISE STOCK DETAILS

Locations

Opening stock as on 1st Apr12 5.18 2.47 0.82 0.40 0.33 0.47 0.12 9.79

Projects launched during the quarter (0.02)* 0.27 0.25

Stock available for sale 5.18 2.45 0.82 0.40 0.60 0.47 0.12 10.04

Area sold during the quarter 0.52 0.14 0.07 0.03 0.03 0.04 0.01 0.84

Closing stock Area not Net unsold as on 30th offered for stock as on June 12 sale 30th June 12 4.66 2.31 0.75 0.37 0.57 0.43 0.11 9.20 2.32 1.42 0.24 0.32 4.30 2.34 0.89 0.51 0.37 0.25 0.43 0.11 4.90

Bangalore Gurgaon (NCR) Chennai Pune Coimbatore Thrissur Mysore TOTAL

Note:

* Gurgaon- International city project area has been revised.

SOBHA

IMPROVED SALES PERFORMANCE

Consistently improving sales realization with increasing sales volume

3.50

5,475
3.00

5,188 2.78 4,551

5,380

5,737

6,000

5,000

2.50

2.08
2.00

4,000

4,082
~ Average sales volume of 0.82 mn.sft and Avg. price realization of Rs.5,181/sft 3,000

1.50

2,647

1.00

0.94 0.67

0.82

0.86

0.84

2,000

0.50

1,000

FY 09-10 FY 10-11 Q1-12 Q2-12 Q3-12 Q4-12 Q1-13

FY 2011 -12

FY 13

SOBHA

Average Price realization (Rs/sft)

Area sold in Mn.sft

REAL ESTATE SNAPSHOT

Completed Projects

Ongoing Projects

Forthcoming Projects

80 Projects aggregating to 20.49 mn.sft of Super Built-up area Total area developed * was 25.46 mn.sft

38 Projects aggregating to 16.51 mn.sft of Super Built-up area Total developable* area of 23.50 mn.sft under progress

9 Projects aggregating to 5.51 mn.sft of Super Built-up area Total developable area of ~7.70 mn.sft

* Developed / Developable area includes super built-up area (SBA) sold to the customer plus common area, car parking area, service area, storage area, internal Roads and common amenities

SOBHA

REAL ESTATE - OVERVIEW

Presence across 7 cities in India : Tier I cities : Bangalore, NCR (Gurgaon), Chennai : Tier II cities : Pune, Coimbatore, Mysore : Ties III cities : Thrissur

Product mix includes Multi Storied Apartments (Dreams, Luxury, Super Luxury & Presidential category), Row Houses, Duple Villas , Villas and Plotted Developments.
Completed Developed Area Super Built-up area : : 25.46 mn.sft 20.49 mn.sft
14.00 25.00 21.00 20.00 Area in Mn.sft 15.00 10.00 5.00 0.30 0.41 Bangalore Pune Thrissur Coimbatore 0.87 1.07 2.77 2.99 16.55 Area in Mn.sft 12.00 10.00 8.00 6.00
4.35 8.81 6.88 11.87

Ongoing Developable Area Super Built-up area : : 23.50 mn.sft 16.51 mn.sft

4.00 2.00 Bangalore Gurgaon Chennai Pune Thrissur Coimbatore Mysore

0.95 1.17 0.57 0.78 0.87 1.12 0.75 1.25 0.22 0.44

Developed / Developable Area

Super Built-up area

SOBHA

10

REAL ESTATE FUTURE LAUNCHES

Proposed new launches in next 4 quarters S.No Projects BANGALORE
1 2 3 4 5 6 Dairy Circle Property Hosakerehalli Property City Property Hirandahalli Property Hosahalli Property St.Marks Road Property Bannerghatta Road Mysore Road Minerva Mills, Gopalapura Off Old Madras Road Kanakapura Road St.Marks Road Residential L+SL Apartments Residential + Commercial Villas + Apartments Residential Commercial 3.50 15.70 11.37 22.5 3.48 1.84 363,078 1,709,730 1,486,403 453,069 471,479 203,357 181,539 1,360,161 817,522 289,964 471,479 101,679

Location

Type

SITE Area (in Acres)

~Total SBA (sft)

Sobha share of SBA (sft)

Thrissur
7 8 Sobha Jade Sobha City-Commercial 2 Thrissur, Kerala Thrissur, Kerala SL Apartments Office + Hotel Space 3.15 3.36 497,090 191,309 497,090 191,309

Mysore
9 Nadanahalli property Nadanahalli Plotted Development 6.20 135,036 135,036

TOTAL
Note: Area details are subject to change

71.10

5,510,552

4,045,779

SOBHA

11

SALES vs INCOME RECOGNITION

Rs.in millions Particulars 2007-08 2008-09 2009-10 2010-11 2011-12 Q1: 2012-13

Sale Value

10,617

2,598

5,506

11,335

17,015

4,794

Income Recognized

8,619

4,478

6,730

9,200

8,948

2,405

% income recognized

81%

53%

51%

Note: 1. The projects launched in new geographies , i.e: NCR and Chennai during 2011-12 are yet to reach the threshold limit for income recognition. 2. We expect the same to reach the threshold limit of income recognition during 3rd and 4th quarter of the current financial year onwards.

SOBHA

12

BUYERS PROFILE
Profession-wise breakup
Others 9%

Customers funding status

IT/ITES Professional 40%

Customers opted for Bank Loan Self Funding

44% 56%

Other Professionals 39%

Note: The funding position is considered for cumulative sales period from April-11 to March-12.

Buyers Age-wise breakup

Business /
Entreprenuers

7%

Medical /Pharmaceut icals 5% 51 & Above, 30% 21-30, 10%

Note: 1) Other Professionals includes Manufacturing, Financial Services, Hospitality, Media, Telecom etc Others includes House wives, Agriculturist, Retired, Govt. Employees etc.

2)

NRI Booking status FY 11 Resident Indians NRIs 76.5% 23.5% FY 12 77.5% 22.5% Q1-13 78.9% 21.1%
41-50, 22% 31-40, 38%

SOBHA

13

PRICE BAND CATEGORY RESIDENTIAL SALES

Total area sold during Q1-13 Total Sales value

835,600 sq.ft Rs.4,794 Mns

Category < 50 lakhs* 50-75 lakhs 75 lakhs to 1cr 1 cr to 2 crs Above 2 crs Grand Total
Note:

SBA (Sq.ft) 11,006 134,866 300,555 242,904 146,269 835,600

Percentage 1% 16% 36% 29% 18%

Sale Value (Rs.Mns) 48 597 1,559 1,208 1,382 4,794

Percentage 1% 12% 33% 25% 29%

* < 50 lakhs represents 1 BHK units constructed as per requirements of local laws at Tamilnadu

SOBHA

14

CONTRACTS - OVERVIEW

Completed Projects
216 Projects aggregating to 27.51 mn.sft of area Completed projects located in 19 cities across India

Projects Under Progress

42 Projects aggregating to 9.22 mn.sft of area Ongoing contractual projects located in 10 cities across India

Corporate Clients, 2.01

Other Clients, 1.30

Other Clients, 1.33 Corporate Clients, 1.16

Infosys, 24.20 Area in Mn.sft

Corporate Clients includes Dell, HP, Timken, Taj, Bayer Material Science, HCL, Bharat Forge, ITC, Biocon, IPE, Bosch, GMR, Hotel Leela Ventures etc

Infosys, 6.73 Area in Mn.sft

Other Clients includes Rangsons Electronics, Woderla Holidays, Vakil Housing, Sterling Mac Hotels, Shanthi Hospital, Chaithanya projects, Gold Plus Glass Industries and many other Private bunglows.

SOBHA

15

CONTRACTS PROJECTS BREAK-UP

Contractual Projects status as on 30th June-12
PROJECTS UNDER PROGRESS S.NO 1 2 3 4 5 6 7 8 9 10 DESCRIPTION Bangalore Mysore Hyderabad Chennai Pune Mangalore Trivendrum Coimbatore Salem Ooty TOTAL No of Projects 14 3 9 5 3 4 1 1 1 1 42 SBA (Sft ) 2,325,516 1,738,277 1,723,038 1,091,467 1,042,918 546,587 370,000 250,000 120,000 13,106 9,220,909

Note: The scope of contractual works varies from Civil, Finishes, MEP, Interiors to Glazing The Order book value of projects under progress is about Rs. 6.04 Billion

SOBHA

16

EXECUTION TRACK RECORD

Cumulative area completion

60.00 50.00 40.00 Area in Mn.sft 30.00 20.00 10.00 FY 96 99 Developed Area (sft) Saleable area (sft) FY 00 0.13 0.10 FY 01 2.28 2.25 FY 02 3.16 3.06 FY 03 4.30 4.16 FY 04 5.65 5.48 FY 05 10.14 9.72 FY 06 14.60 13.94 FY 07 18.72 17.81 FY 08 23.88 22.34 FY 09 33.11 30.78 FY 10 38.99 36.36 FY 11 46.57 42.68 FY 12 51.80 46.83 Q1-13 (30th June 12) 52.98 48.00

During Q1-13, completed 1.18 mn.sft of developable area Sobha has completed 18.72 mn.sft of developable area over a period of 12 years till 2007, since inception in 1995, and thereof has completed 34.26 mn.sft of area in the next 5.25 years till end of June-12. Consistently developing 6.62 mn.sft of developable area and of 5.80 mn.sft Super Built-up area for the past 5 years

SOBHA

17

FINANCIAL SNAPSHOT
REVENUE
6,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 5,000 13,996 14,144 11,337 9,888 4,000 2,936 3,000 2,000 4,347 2,777 1,000 FY 09 FY 09 FY 10 FY 11 FY 12 Q1-12 Q1-13 FY 10 FY 11 FY 12 Q1-12 Q1-13 656 2,674 1,200 3,652 4,730

EBITDA

PROFIT BEFORE TAX

4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 FY 09 FY 10 FY 11 FY 12 Q1-12 Q1-13 696 417 500 FY 09 1,501 1,658 2,514 3,177 3,000 2,500 2,000 1,500 1,000

PROFIT AFTER TAX

PAT after minority interest

2,060 1,813 1,341 1,077 449

260

FY 10

FY 11

FY 12

Q1-12

Q1-13

* All values are Rs. in millions

SOBHA

18

MOVEMENT OF LOANS
Consolidated As on 30th June 2012 12,307 501 11,806 As on 31st Mar 2012 12,031 689 11,342
Rs. in Millions

Particulars Gross Debt Less: Cash & Cash Equivalents Net Debt Reason for increase in loans:

(Increase) /Decrease (276) (188) (464)

D/E Ratio - Consolidated

2.00

1.72

Invested Rs.550 mns for buying back of subsidiary at Sobha City, Thrissur Invested Rs.251 mns in fixed assets

1.50 1.00 0.50 FY 08-09 FY 09-10 FY 10-11 FY 11-12 Q1-FY 12-13

0.80 0.64 0.57 0.58

Net Worth Debt (net) D/E ratio

: Rs.20.45 Billion : Rs.11.81 Billion : 0.58

SOBHA

19

BALANCE SHEET
Rs.in Millions
30th June-12 EQUITY AND LIABILITIES Shareholders funds Share capital Reserves and surplus 980.64 19,465.91 20,446.55 Minority Interest Non-current liabilities Long Term Borrowings Deferred Tax Liability (net) Trade Payables Long term provisions 359.54 416.97 177.62 40.11 994.25 Current liabilities Short term borrowings Trade Payables Other current liabilities Short term provisions 1,996.82 3,647.67 13,885.93 1,402.98 20,933.40 Total 42,374.20 3,564.26 3,507.25 12,662.31 818.00 20,551.82 40,036.19 TOTAL 28.00 175.49 176.72 10.75 390.96 Current assets Current investments Inventories Trade receivables Cash and bank balances Short-term loans and advances Other current assets 16,640.91 931.29 421.81 13,221.62 2,345.19 33,560.83 42,374.20 9.95 10,781.01 2,061.91 197.78 17,482.92 2,141.93 32,675.50 40,036.19 980.64 17,787.22 18,767.86 325.54 30th June-11 ASSETS Non-current assets Fixed assets Tangible assets Intangible assets Goodwill on consolidation Capital work-in-progress Non-current investments Deferred tax assets (net) Long-term loans and advances Inventories Trade receivables Other non-current assets 2,807.46 54.83 170.42 82.17 0.28 5,495.38 72.73 51.25 78.85 8,813.38 1,381.35 5.56 693.23 37.53 5,170.79 13.50 58.73 7,360.69 30th June-12 30th June-11

SOBHA

20

PROFIT & LOSS STATEMENT

Rs. in Millions % of Growth

Particulars

Q1-13

Q1-12

Q4-12

FY 12

Q1-13 on Q1-12 81% 5% 679% 57% 48% 83%

Q1-13 on Q4-12 (14%) (27%) 15% (17%) (3%) (40%)

Property Development Contractual + Manufacturing Other Income TOTAL REVENUE Total Expenditure EBITDA

3,373.14 958.32 15.66 4,347.12 3,147.32 1,199.80

1,859.84 915.33 2.01 2,777.18 2,121.44 655.74

3,922.62 1,308.32 13.59 5,244.53 3,248.65 1,995.88

10,338.43 3,740.59 64.70 14,143.72 9,413.47 4,730.25

EBIDTA %
Depreciation & Amortization Finance Expenses PBT

28%
126.26 377.17 696.37

24%
74.01 164.41 417.32

37%
116.72 405.93 1,473.23

33%
387.78 1,165.39 3,177.08 67% (53%) 71% 8%

PBT %
Provision for Tax PAT before minority interest Minority Interest PAT after minority interest

16%
247.18 449.19 449.19

15%
151.88 265.44 5.34 260.10

28%
497.59 975.64 8.13 967.51

22%
1,076.55 2,100.53 40.99 2,059.54 73% (5%) 69% (54%)

PAT %
Note : Figures are regrouped & reclassified

10%

9%

18%

15%

SOBHA

21

CASH FLOW STATEMENT

Rs. in Millions

Particulars A. CASH FLOW FROM OPERATING ACTIVITIES Profit before tax

Quarter Ended 30th June-12 696.38 126.26 (0.11) 14.20 351.65 (9.50) 1,178.89 (150.55) (324.70) 197.34 45.80 278.32 (377.77) 847.33 (117.13) 730.19

Year ended 31st Mar-12 3,177.08 387.78 (0.82) 26.70 67.00 1,079.49 (35.46) 4,701.77 534.69 388.30 (165.52) (4,900.43) 550.55 4,289.50 5,398.86 (537.97) 4,860.89

Adjustments for
Depreciation/ amortization Profit on sale of fixed assets (net) Provision for diminution in value of long term investment Goodwill written off Provision for doubtful debts and advances Interest expense Interest Income Operating profit before working capital changes

Movements in working capital

Increase / (decrease) in trade payables Increase/ (decrease) in current liabilities and provisions (Increase ) / decrease in trade receivables (Increase)/ decrease in inventories (Increase)/ decrease in other assets (Increase)/ decrease in loans and advances Cash generated from/ (used in) operations Direct taxes paid (net of refunds) Net cash generated from/ (used in) operating activities - (A)
Note : Figures are regrouped & reclassified

SOBHA

22

CASH FLOW STATEMENT

Rs. in Millions

Particulars B. CASH FLOW FROM INVESTING ACTIVITIES Purchase of fixed assets incl. capital work in progress Proceeds from sale of fixed assets Consideration paid on acquisition of subsidiary Purchase of current investments Proceeds from sale of current investments Investments in bank deposits ( Original maturity of more than 3 yrs) Interest received Net cash (used in)/ from investing activities - (B) C. CASH FLOW FROM FINANCING ACTIVITIES Proceeds from long-term borrowings Repayment of long-term borrowings Proceeds from short-term borrowings Repayment of short-term borrowings Interest paid (gross) Dividends paid on equity shares Tax on equity dividend paid Net cash (used in)/ from financing activities - (C)
Note : Figures are regrouped & reclassified

Quarter Ended 30th June-12

Year ended 31st Mar-12

(251.26) (0.99) (550.80) 0.52 10.48 (792.06)

(1,021.04) 1.73 (986.31) 9.95 (159.79) 34.50 (2,120.96)

370.76 23.44 (520.77) (0.01) (126.57)

7,927.12 (6,907.28) (1,277.79) (1,906.18) (293.98) (48.86) (2,506.97)

SOBHA

23

CASH FLOW STATEMENT

Rs. in Millions

Particulars Net increase/ (decrease) in cash or cash equivalents - (A+B+C) Cash and cash equivalents as at beginning of the year Cash inflow due to acquisition of subsidiary Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash on hand Cheques / drafts on hand Balances with scheduled banks On current accounts On deposit accounts unpaid dividend accounts * Total cash and cash equivalents

Quarter Ended 30th June-12 (188.43) 411.20 222.77

Year ended 31st Mar-12 232.96 169.84 8.34 411.14

7.35 -

3.68

53.52 167.13 47.52 0.77 222.77 350.66 2.57 0.77 411.20

* The company can utilize this balance only toward settlement of the unpaid dividend liability.

SOBHA

24

LAND BANK STATUS

BANGALORE (851.25 acres) Developable Area Sobha Share 83.07 79.83

Total Extent of Land Sobha Share of Land Total Cost consideration Balance payable as on 30.06.12 Cost of Sobha Land Sobha FSI Cost of Land

: 2,546.25 acres : 2,473.56 acres : Rs.18,391.05 mns : Rs.1,133.23 mns : Rs.171 /sft : Rs.86 /sft

MYSORE (32.30 acres) Developable Area Sobha Share 2.59 2.59

Distribution based on development potential Thrissur Mysore Pune

CHENNAI (511.49 acres)

1% 1% 3% 3% 16% 17% 22% 37% 0% 10% 20% 30% 40%

PUNE (117.58 acres) Developable Area Sobha Share 5.69 5.43

Coimbatore Hosur Chennai

THRISSUR (16.64 acres) Developable Area Sobha Share 1.81 1.81

Developable Area Sobha Share

36.76 36.63

COCHIN (435.27 acres) Developable Area Sobha Share 47.40 47.40 COIMBATORE (96.97 acres) Developable Area Sobha Share 6.34 6.34

HOSUR (484.76 acres) Developable Area Sobha Share 34.84 34.84

Cochin Bangalore

SOBHA

25

BACKWARD INTEGRATION

(World Class Manufacturing Facilities)

Interiors & Furnishing Division Total Factory area Workforce : 0.8 Mn sq ft : 753

Glazing & Metal Works Division Factory area Workforce : 0.3 Mn sq ft : 615

Concrete Products Division Factory area Workforce : 0.4 Mn sq ft : 155

PRODUCTS PRODUCTS Manufacturing wood based products such Metal / Steel fabrication as doors, windows, paneling, cabinets, cupboards & loose furniture. Aluminum door and windows, structure Manufacture of Economy, Deluxe, Super Deluxe & Premium Mattresses from Glass works Furnishing division

PRODUCTS Manufacture of wide range of concrete products such as concrete blocks, pavers, kerb stones, water drainage channels, paving slabs and elite landscape products

SOBHA

26

SHARE HOLDING PATTERN

Mutual Fund, 2.00 %

Others, 4.46 %

In the last 1 year FIIs holding has increased from 30.21% to 33.03%. No. of shareholders as on 30th June 2012 is 60,927. Market capitalization as on 30th June 2012 is Rs.32.90 Billion.
Promoters, 60.50%

FII's, 33.03 %

30th June-12 Promoters Holding FIIs Mutual Fund Others 60.50% 33.03% 2.00% 4.46%

31st Mar- 12 60.50% 32.37% 2.03% 5.10%

31st Dec- 11 60.50% 32.22% 1.29% 5.99%

30th Sep-11 60.50% 33.24% 1.07% 5.19%

30th Jun-11 60.50% 30.21% 4.04% 5.25%

SOBHA

27

SOBHA STOCK PERFORMANCE

Status as on: 30th June 12 No. of Shares Market Capitalization Stock Price : 52 week High / Low Avg. Daily volume (12 months)
Source : NSE index

1 year Chart - Sobha v/s Nifty v/s Realty

98.06 Million Rs 32.90 Billion Rs. 368 /179.50 155,437

% Change in Closing Price

40 30 20 10 0 -10 -20 -30 -40 Jul-11 Aug-11 Sep-11 Nov-11 Dec-11 Feb-12 Mar-12 May-12 Jun-12

Sobha

Nifty

Nse Realty

Sobha stock covered by, Morgan Stanley Goldman Sachs CLSA India ICICI Securities J P Morgan TATA Securities Credit Suisse Jefferies India Ltd Enam Securities Deutsche India Equities Religare Capital Markets BNP Paribas Kotak Securities Ambit Capital IDBI Capital IIFL (India Info Line) JM Financials Prabhudas & Lilladher ICICI Direct Standard Chartered Bank SBI Capital IDFC securities Macquarie Capital Securities Bank of America (Merrill Lynch) Kantilal Chhaganlal Securities Emkay Global Nirmal Bang Institutional Equities KR Choksey

SOBHA

28

THANK YOU
Corporate Office Sobha Developers Ltd. SOBHA, Sarjapur-Marathahalli Outer Ring Road(ORR), Devarabisanahalli, Bellandur Post, Bangalore-560103 Phone: +91-80- 49320000, Fax: +91-80- 49320444 For Investors Contact : S. Baaskaran Chief Financial Officer Mobile: +91- 98800 80009 Email: [email protected] Web : www.sobha.com K.Bala Murugan Senior Manager VC & MDs Office Mobile: +91- 98807 30459 Email: [email protected]

Sobha Corporate Office

Sobha Malachite-Thrissur

Sobha Moonstone

Sobha Azalea

Disclaimer: The information in this presentation contains certain forward-looking statements. These include statements regarding outlook on future development schedules, business plans and expectations ofCapital expenditures. These statements are based on current expectations that involve a Number of risks and uncertainties which could cause actual results to differ from those anticipated by the Company.