Analysts/Institutional Investor Meet/Con. Call Updates

Date: October 29, 2026 BSE Limited National Stock Exchange of India Limited 20th Floor, P.J. Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai - 400001. Mumbai – 400 051 BSE Scrip Code: 544880 NSE Scrip Symbol: HORIZONIND Sub.: Transcript of Investors / Analysts Earnings Call on the Unaudited Financial Results for Q2 FY27 of Horizon Industrial Parks Limited, scheduled for October 29, 2026 Ref.: Our intimation dated October 21, 2026, with respect to interaction with Investors / Analysts In furtherance to our above-referred intimation, please find enclosed the transcript of the Investors / Analysts Earnings Call on the Unaudited Financial Results for Q2 FY27 of the Company, which was scheduled for October 29, 2026. The said transcript is also available under the Investors Section of the website of the Company at www.hiparks.com. We request you to take the above on your record. Thank you. For Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) Shraddha Poddar Company Secretary & Compliance Officer Membership No.: A23666 Encl.: as above. Horizon Industrial Parks Limited (formerly known as Horizon Industrial Parks Private Limited) Tower 1, Floor 15, One World Center, Lower Parel, Mumbai 400013 CIN: L60231MH2009PLC222156 I +91 22 4158 1000 I HiParks.com I compliance@HiParks.com “Horizon Industrial Parks Limited Q2 FY '27 Earnings Conference Call” October 29, 2026 MANAGEMENT: MR. URVISH RAMBHIA – CHIEF EXECUTIVE OFFICER – HORIZON INDUSTRIAL PARKS LIMITED MR. KUNAL SHAH – CHIEF FINANCIAL OFFICER – HORIZON INDUSTRIAL PARKS LIMITED MS. PRAPTI ZAVERI – HEAD-INVESTOR RELATIONS – HORIZON INDUSTRIAL PARKS LIMITED Page 1 of 14 Horizon Industrial Parks Limited October 29, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Horizon Industrial Parks Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. I now hand the conference over to Ms. Prapti from Horizon Industrial Parks. Thank you and over to you, ma'am. Prapti Zaveri: Good evening everyone and thank you for joining us today. With me on the call today are our CEO, Urvish Rambhia, and our CFO, Kunal Shah. Before we proceed, I'd like to highlight that the management may make certain statements that may constitute forward-looking statements. Please be advised that our actual results could differ materially from these statements. Horizon Industrial Parks does not guarantee these statements or results and is not obligated to update them at any point of time. Specifically, any financial guidance and pro forma information that we share on the call are management estimates based on certain assumptions and have not been subjected to audit or review examination procedures. You are cautioned not to place undue reliance on such information and there can be no assurance that we will be able to achieve the same. Over to our CEO, Urvish Rambhia. Urvish Rambhia: Thank you, Prapti. Good evening everyone and thank you for joining us. It is a pleasure to welcome you to our second earnings call since our listing in August 2026. I am very proud to report that Q2 has been our strongest quarter to date with record revenue and EBITDA. Revenue grew 30% year-on-year to nearly INR220 crores, while our contracted revenue run rate has crossed INR1,000 crores. EBITDA increased upwards of 30% to nearly INR175 crores and our pro forma cash PAT is nearly INR130 crores for the first quarter and INR250 crores for the first half. I am also pleased to share that, that even on a reported basis, we are now in black. The outlook for the business has never been more encouraging. We truly believe this is only the beginning. You know, with a fully paid land bank that can double our operating footprint, India's largest in-city logistics network, and a fortress-like balance sheet, we believe Horizon's best years are ahead of us. Let me briefly touch on a broader business environment. Demand for grade A industrial and logistics spaces remains extremely robust, driven by the three structural mega trends that we discussed on our first quarter earnings as well. First, the flight to quality, second, the industrialization, and third, the consumption. You know, the sector is formalizing very rapidly. Occupiers are increasingly moving from fragmented, unorganized facilities to larger, institutional-grade spaces. We are also seeing this firsthand across our platform. Several large customers today are consolidating their operations from sub-scale, non-compliant premises into larger, bigger, better, compliant facilities. Also at the same time, we are seeing a rapid acceleration in industrialization Page 2 of 14 Horizon Industrial Parks Limited October 29, 2026 across the sectors in India today. You know, which is effectively being supported by the supply chain diversification trend which has been playing out since COVID. And also the China Plus One strategy. This is being further enabled by the favorable government policies that we have had. You know, a cost-efficient and a skilled talent pool and a large domestic customer base only continues to add to these tailwinds. Since the beginning of the year, we've also seen a meaningful improvement in the consumption trend and despite the ongoing geopolitical uncertainties, the domestic demand has remained very, very resilient. This reinforces our confidence in the strength and durability of India's consumption-led growth story. Taking this together, all these three factors are creating a highly supportive environment for institutional players like our company to participate in and benefit from what looks like a multi-decade growth story in the sector. Today, our business spans nine states, 10 key markets, and 46 assets. We own 2,300 acres of land, serve more than 130 customers, and are rapidly building India's largest in-city network. Horizon serves leading blue-chip corporates that are powering India's consumption and manufacturing growth. Within consumption and e-commerce, we are effectively enablers to companies such as Amazon, Colgate, Unilever, H&M, to name a few, to build their large-scale distribution and fulfillment hubs that serve millions of consumers every day. On the industrial and manufacturing front, we provide plug-and-play infrastructure for companies such as Schneider, SIG, Lumax, Tata, Vestas. Again, these are just a few of those names, as well as several other global manufacturing leaders that use our facilities to manufacture, assemble, and distribute their products across India and international markets. We support customers not only in renewables, EVs, and automotive components, but also in sunrise sectors such as data centers, semiconductors, aerospace, defense. It's together account for half of our portfolio. Moving to our financial performance for this quarter, let me take a deeper dive into it. As I previously mentioned, we've achieved a revenue and EBITDA growth of 30% and 34% respectively this quarter and continue to sustain a healthy EBITDA margin in excess of 80%. Operationally, the quarter reflected strong leasing momentum, consistent execution across both the large format parks and the in-city developments, and continued occupier demand across industrial and logistics sectors. Your company leased 2.5 million square feet in the second quarter alone across 14 unique transactions and we onboarded eight new customers to our family. More than 40% of these leasing came from our existing customers, which again continues to reflect the depth of our relationship and the quality of the assets our company is delivering today. Importantly, more than 80% of our first-half leasing came from industrial customers, which again underscore [Showing first 8,000 characters — download PDF for full document]