Page 7 - Kolte Patil AR 2019-20
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             1991: Company Incorporated as Kolte-  2011: The Company launched its   investment firm, KKR, for R1 sector of
             Patil Developers Private Limited in   390-acre township Life Republic near   Life Republic.
             Pune.                            Hinjewadi, Pune
                                                                              2019: The Company reported record
             1994: The Company entered the    2013: The Company entered the   sales of 2.7 million square feet during
             Bengaluru real estate market.    Mumbai real estate market and signed   FY19.
                                              three society redevelopment projects
             2007: The Company went public                                    2019: The Company crossed the
             following a successful IPO, raising   in the first year of operations  milestone of developing 20 million
             C275 Crore. It was listed on the   2015: The Company crossed the   square feet of development
             Bombay Stock Exchange and National   milestone of developing 10 million   2020: The Company recorded the
             Stock Exchange.                  square feet of residential area
                                                                              highest collections of C1,368 Crore, in
             2007-11: The Company signed joint   2015: The Company entered into   its three-decade existence
             ventures with ICICI Ventures, Portman   a C120 Crore transaction with a   2020: The Company received OC for
             Holdings and IL&FS for numerous   JP Morgan India subsidiary for its   Jai Vijay, a milestone in its Mumbai
             projects.                        redevelopment project Jay-Vijay in Vile   property re-development journey. Jai
                                              Parle, Mumbai
             2010: The Company launched ‘24K’                                 Vijay is the Company’s flagship project
             to cater to the increasing luxury real   2017: The Company received an   in Mumbai and one of the largest
             estate demand.                   investment of C193 Crore from global   redevelopment projects in the Vile
                                                                              Parle East micro-market.

            Kolte-Patil is a respected industry player, reflected in various awards received from a range of
            institutions in recognition of its achievements.

            y yTimes Realty Icons - Best Realtor   y yRealty Plus - Developer of the Year   y yRealty Plus - Luxury Project of the
            2019 KPDL                        Residential                      year- 24K Stargaze
            y yABP News - Brand Excellence in Real   y yET Now - Most Trusted Brand   y yCNN NEWS18 - Integrated township
            Estate                           y yET Now - CSR Initiative of the Year in   of the year – Life Republic
            y yCNN NEWS18 - Developer of the Year   Real Estate Sector        y yET Now - Innovative marketing
            Residential                      y yET Now - Luxury Project of the year -   campaign of the year –Life Republic
                                             24K Stargaze                     Zabardus Campaign
            This is how we performed in FY20

            The Company has adopted IND AS 115 during Q1 FY19, effective from 1 April, 2018 and has opted for modified retrospective
            method. In order to facilitate like-to-like comparison and continuity of information flow, financials based on the erstwhile
            applicable Percentage of Completion Method (POCM) of accounting for revenue recognition have been shown
            Financial highlights      Operational highlights

             y yRevenues strengthened 2.6 %   y yCollections grew 10% to C1,368 Crore, the   stake in Life Republic (first tranche of C70 Crore
             YoY to C1226 Crore compared to   highest ever in the Company’s three-decade   was paid in March, 2019).
             C1195 Crore in FY19       history                             y ySigned three new projects with a saleable
             y yEBITDA declined by 15.1%   y yOverall sales volumes stood at 2.5 msf in   potential ~1.2 million square feet in Pune under
             YoY to C256.1 Crore compared   FY20 driven by Ivy Estate, Western Avenue, 24   the Development Management Model
             to C301.6 Crore in FY19   K Pune Portfolio and Bengaluru projects and   y yDelivered superior returns (IRR of 23.1% over
             y yPAT (pre-minority interest)   Life Republic. Recorded second consecutive   45 months) to Motilal Oswal Real Estate from
             increased by 11.8% YoY to   year of ~1 msf of sales at Life Republic  City Avenue project in Wakad, Pune
             C148.6 Crore compared to   y yReceived IOD approvals for Goregaon and   y yDelivered 1.86 msf (OC for 1,601 units) in
             C132.9 Crore in FY19      Dahisar redevelopment projects in Mumbai - to   Jay Vijay, Mirabilis, Western Avenue and Life
             y yPAT (post-minority interest)   be launched in FY21.        Republic
             declined by 12.2 % YoY to   y yReceived OC for Jai Vijay, a milestone in   y yUndertook strategic land monetisation of
             C137.5 Crore compared to   its Mumbai property re-development journey.    ~5.42 acres of Sector R10 of Life Republic for
             C122.5 Crore in FY19      Jai Vijay is the Company’s flagship project in   C91 Crore (residential development potential
             y yEBITDA margin remained   Mumbai and one of the largest redevelopment   of 7.6 Lakh sq. ft. of saleable area) to be
             stable around 20.9%       projects in the Vile Parle East micro-market.  developed by Kolte-Patil I-Ven Townships
             y yNet debt declined by C83   y yCompleted the second tranche payment of   (Pune) Ltd. (KPIT) and Planet Smart City around
             Crore YoY to C434 Crore   C70 Crore for the buyout of ICICI Venture’s 50%   a profit sharing model (post-Balance Sheet

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