Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q4 FY2024 Earnings Presentation
40 slides from Mahindra Lifespace Developers's earnings presentation, Apr 26, 2024
Slide 1: Exchange intimation letter under Regulation 30
April 26, 2024 To, BSE Limited National Stock Exchange of India Limited Corporate Services, Exchange Plaza, Piroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai 400051 Listing: http://listing.bseindia.com Listing: https://neaps.nseindia.com/NEWLISTINGC
Slide 2: Exchange letter signature page
The same in also uploaded on the website of the Company at https://www.mahindralifespaces.com/ Kindly take note of the above Yours faithfully, For Mahindra Lifespace Developers Limited BIJAL Digitally signed by BIJAL BHARAT BHARAT PARMAR Date: 2024.04.26 PARMAR 19:24:15 +05'30' Bijal Parmar Assistan
Slide 3: Investor Presentation Q4 & FY2024
Zen, Bengaluru Investor Presentation Q4 & FY2024 RERA Reg No: PRM/KA/RERA/1251/310/PR/210324/006712 Artist’s Impression
Slide 4: Disclaimer
DISCLAIMER This presentation and the accompanying slides ("Presentation") have been prepared by “Mahindra Lifespace Developers Limited” ("Company"), solely for the purpose of information and do not constitute any offer, recommendation or invitation to purchase or subscribe to any securities and shal
Slide 5: MLDL Overview
Codename Crown, Pune MLDL Overview RERA Reg No: P52100055162, P52100055161 Artist’s Impression2
Slide 6: The Mahindra Group
THE MAHINDRA GROUP 1.75 Lac Cr 260,000+ 100+ 20+ GROUP TURNOVER EMPLOYEES COUNTRIES INDUSTRIES India’s number 1 SUV manufacturer by revenue Pioneering IC&IC business and residential market share; strong pipeline of EV products developments World’s largest tractor company by volume Number 1 timeshare
Slide 7: Mahindra Group created significant value in the last two decades; MLDL a key priority
Mahindra Group created significant value in the last two decades; MLDL a key priority for the Group Market cap of M&M Limited FY24: Rs. 238 K Cr (Rs. K Cr) +45 144 Mahindra Lifespaces is identified as a Growth Gem by Mahindra Group +57 100 Mahindra Group fully committed to support MLDL’s growth aspi
Slide 8: MLDL at a Glance
MLDL AT A GLANCE Committed to transforming India’s urban landscape through its Residential and IC&IC developments Mahindra Lifespaces Residential IC & IC 30 year Legacy 53 Integrated Cities Projects Delivered and Ongoing Presence in Chennai and Jaipur 650+ Employees 37.33 msft Industrial Clusters IN
Slide 9: Accolades and Sustainability
ACCOLADES AND SUSTAINABILITY We have been recognized in many areas i.e., Top Builder, Great Place to Work, Sustainability, etc. Accolades Sustainability Achievements Vision Zero rating system India - by OSH Academy (Noida) DGUV (Germany) Carbon Disclosure Project 2023 • Mahindra Happinest Tathawade,
Slide 10: Stock Performance and Drivers
STOCK PERFORMANCE AND DRIVERS Stock generated 74% CAGR over the past 4 years BSE SENSEX BSE REALTY MAHLIFE Shareholding Pattern (%) Mahindra Group 19.6% FII 51.2% 20.1% MF 9.1% Others 31-Mar-20 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 Key Drivers Key Institutional Investors Scale-up in business devel
Slide 11: Growth Strategy
Growth Strategy Bold ambition Drive profitable growth to 8K - 10K Cr sales by 2028 Leader in customer centricity 1 Well-engineered portfolio choices Clearly articulate “where to play” choices capturing - Geography, Customer segments, Products, Project size, 2 Robust acquisition engine Systematically
Slide 12: Growth Roadmap
Growth Roadmap Vision to grow >5 times by 2028 Rs. 8,000 -10,000 Cr Residential + IC & IC Rs. 2,698 Cr Rs. 3,000 Cr Rs. 824 Cr 2021 2024 2025 2028 Residential IC & IC Focus Markets Projects with 3-6 Unlock Thane Accelerated Origins Origins Pune Pursue to be MMR, GDV upwards land land parcel leasing
Slide 13: MLDL Residential
Vista, Kandivali MLDL Residential RERA Reg No: P51800054671 10 Artist’s Impression
Slide 14: Residential – Structure Overview
RESIDENTIAL – STRUCTURE OVERVIEW M&M 51% MLDL 100% 73.7% 51% 89% MBDL MHPL MHDL MWCDL* Lakewoods Bloomdale Happinest Palghar Happinest MWCC Luminare Nestalgia Happinest Kalyan Aqualily Lakefront Estates 26.3% 49% 11% Actis HDFC Capital TIDCO Note: Includes assets owning SPVs only. Shareholding %ages
Slide 15: Residential - FY24 Operational Highlights
RESIDENTIAL - FY24 OPERATIONAL HIGHLIGHTS Location Acreage Saleable area (msft) Land acquisitions Whitefield, Bengaluru 9.4 1.3 Whitefield, Bengaluru ~2.0 0.2 Wagholi, Pune ~5.4 1.5 Malad, Mumbai ~3.0 0.5 Project & Location Saleable area (msft) Project & Location Saleable area (msft) Zen, Bengaluru
Slide 16: Residential - Scale of Operations
RESIDENTIAL - SCALE OF OPERATIONS MLDL is pioneering development of green homes and thoughtfully designed living spaces Total Premium Residential Value Homes Total Total Development 31.61 msft 5.72 msft 37.33 msft Footprint Completed 19.10 msft 2.04 msft 21.14 msft Development Ongoing 12.51 msft 3.6
Slide 17: Residential - Annual Trend
RESIDENTIAL - ANNUAL TREND Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Construction Outflow (Rs. Cr) 2,328 1,385 1,812 1,153 1,165 2.47 930 2.23 758 1,028 524 670 695 374 361 289 241 1.28 1.31 1.07 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 Launches (msft) Completion
Slide 18: Residential - Quarterly Trend
RESIDENTIAL - QUARTERLY TREND Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Construction Outflow (Rs. Cr) 1,086 412 386 304 311 276 0.85 455 443 188 361 345 136 122 113 100 0.49 0.68 0.42 0.53 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Lau
Slide 19: Residential - Ongoing Projects (Portfolio)
RESIDENTIAL - ONGOING PROJECTS (PORTFOLIO) Premium Residential Total Launched Completed Area Ongoing Area Sales Value Completion % Location Project Name Development Development Development Sold Development Sold (Rs. Cr) A B C of C D of D of D of D Vista 1.69 0.79 0.00 0.00 0.79 0.63 927 33% Vicino 0
Slide 20: Residential - Forthcoming Projects
RESIDENTIAL - FORTHCOMING PROJECTS Premium Residential Value Homes Future Development Future Development Location Project Name Location Project Name (msft) (msft) MMR Vista Ph2 0.89 MMR Happinest Kalyan2 Ph 2 0.53 Nestalgia Retail 0.02 Total 0.53 Pune Codename Crown 0.67 Citadel Ph3 1.42 Aqualily 2D
Slide 21: Residential - Ready to Move Inventory
RESIDENTIAL - READY TO MOVE INVENTORY Location Project Name Balance units to sell Lakewoods 1 Chennai Lakefront estates 3 Aqualily 57 Bloomdale 2 Happinest Boisar 54 MMR Meridian (Alibaug) 4 Happinest Kalyan1 Ph1 39 Happinest Palghar1 41 TOTAL 201 18 Note: All figures correspond to MLDL and associat
Slide 22: Residential - Sustainable Future Cash Flows
RESIDENTIAL - SUSTAINABLE FUTURE CASH FLOWS (Rs. Cr) Ongoing Projects Amount Sold Units and Estimated Sales ^ 8496 Estimated Cash Flows Less: Amount Collected of Sold Units 2433 (Rs. Cr) Less: Estimated Construction Cost # 3868 Net amount to be collected (A) 2195 Future Phases (to be launched) Amoun
Slide 23: MLDL IC & IC
Mahindra World City, Chennai MLDL IC & IC RERA Reg No: TN/01/Layout/2235/2023 20 Artist’s Impression
Slide 24: IC & IC - Structure Overview
IC & IC - STRUCTURE OVERVIEW M&M 51% MLDL 100% 74% 89% 100% KTL MWCJL* MWCDL MIPCL MIPPL* 60% Origins Pune MWC Jaipur MWC Chennai Origins Chennai Origins Ahmedabad 26% 11% 40% RIICO TIDCO Sumitomo Note: Overview includes assets owning SPVs only. Shareholding %ages are rounded to nearest %age and bas
Slide 25: IC & IC - Operational
IC & IC - OPERATIONAL Q4 FY2024 FY2024 29.2 acres leased to 8 customer for Rs. 99.1 Cr: 119.4 acres leased to 21 customers for Rs. 369.6* Cr: ▪ MWC Jaipur: Leased 13.8 acres to 4 customers for ▪ MWC Jaipur: Leased 76.1 acres to 11 customers for Rs. Rs. 48.9 Cr 233.5* Cr ▪ Origins Chennai: Leased 12.
Slide 26: IC & IC - Scale of Operations
IC & IC - SCALE OF OPERATIONS Pioneer in this business with pan India presence across Golden Quadrilateral and Delhi-Mumbai Industrial Corridor Integrated Cities Industrial Clusters MWC MWC Origins Origins Chennai Jaipur Chennai Ahmedabad Distance Distance 60 Km 20 Km 35 Km 75 Km to City to City Par
Slide 27: IC & IC – Leased Area
IC & IC – LEASED AREA MWC, Chennai Origins, Chennai Leasable Area*: 1145 acres Unleased Inventory: 90 acres 307 Gross Area 229 Leasable Area* 13 1,056 Leased Area 157 89 76 Leased Unleased MWC Commercial MWC Residential Acres MWC, Jaipur Origins, Ahmedabad Leasable Area*: 1917 acres Unleased Invento
Slide 28: IC & IC – Key Metrics
IC & IC – KEY METRICS Leased Area (Acres) Park O&M, MWC Chennai (Rs. Cr) 157.9 110.6 74.3 111.1 23.4 23.3 23.9 23.9 29.2 22.1 17.4 16.7 18.3 17.7 16.4 39.6 46.4 95 71.4 76.1 15.4 15.1 23.3 28.8 1.2 2.2 15.6 12.2 5.8 FY20* FY21* FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 MWC Chennai MWC Jaipur Origins C
Slide 29: IC & IC - Marquee Clientele
IC & IC - MARQUEE CLIENTELE MWC Chennai MWC Jaipur 87 customers (63 operational) 138 customers (81 operational) Infosys Campus BMW Central Avenue JCB DTA Zone Infosys Circle Origins Chennai Origins Ahmedabad 15 customers (3 operational) NH Access Planned Planned Yanmar USVI NISSEI Construction Const
Slide 30: Land Inventory - Assets with Deep Value
LAND INVENTORY - ASSETS WITH DEEP VALUE Land Name Location Gross Area (acres) Development Plan # Land conveyance completed. Thane (Ghodbundar Road) MMR 68 Planned as Mixed-use Development. Murud, Raigad MMR 1,291 Under study & evaluation stage. Planned to be developed as Origins, Pune. OP (Origins P
Slide 31: MLDL Financials
Happinest Tathawade, Pune MLDL Financials RERA Reg No: P52100028049 28 Artist’s Impression
Slide 32: Financial - Highlights
FINANCIAL - HIGHLIGHTS (Rs. Cr, unless specified) CONSOLIDATED RESULTS Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Total Income 54.6 88.8 270.3 279.1 659.6 EBIDTA* 65.0 43.2 10.4 75.4 61.0 Profit / (Loss) Before Tax & Share in Net Profit / (Loss) of Associates -20.2 -36.4 -18.9 -125.2 -12.5 Share in Net Profi
Slide 33: Financials - Consolidated Profit & Loss A/C
FINANCIALS - CONSOLIDATED PROFIT & LOSS A/C (Rs. Cr, unless specified) PROFIT & LOSS STATEMENT Q4 FY24 Q3 FY24 Q4 FY23 FY24 FY23 Income from Operations 14.3 82.0 255.4 212.1 606.6 Other Income 40.3 6.8 14.9 67.0 53.0 Total Revenues 54.6 88.8 270.3 279.1 659.6 Operating Expenses 12.9 72.4 211.4 191.5
Slide 34: Financials - Consolidated Balance Sheet
FINANCIALS - CONSOLIDATED BALANCE SHEET (Rs. Cr, unless specified) EQUITY & LIABILITIES FY24 FY23 ASSETS FY24 FY23 Equity Share Capital 155.0 154.7 Property, Plant and Equipment 19.5 13.8 Other Equity 1,717.7 1,651.1 Right of Use Assets 4.2 2.8 Net Worth 1,872.7 1,805.8 Capital Work-In-Progress 5.1
Slide 35: Financials - Segment Performance
FINANCIALS - SEGMENT PERFORMANCE (Rs. Cr, unless specified) Residential IC & IC SEGMENT RESULTS Q4 FY24 FY24 Q4 FY24 FY24 Area Sold (msft) / Land Leased (acres) 0.85 msft 2.47 msft 29.2 acres 119.4 acres Sales / Lease Income 1086 2328 99 370 Income from Operation 128 502 120 447 Other Income 45 79 5
Slide 36: MLDL Leadership
Mahindra Vista, Kandivali MLDL Leadership RERA Reg No: P51800054671 33 Artist’s Impression
Slide 37: MLDL Leadership | Directors
MLDL LEADERSHIP | DIRECTORS Mr. Ameet Hariani Dr. Anish Shah Mr. Amit Kumar Sinha Chairman and Non-Executive, Managing Director & Chief Executive Non-Executive, Non-Independent Director Officer Independent Director • Holds master’s degree in Law from the Mumbai • Ph.D. - Carnegie Mellon’s Tepper Bus
Slide 38: MLDL Leadership | Management
MLDL LEADERSHIP | MANAGEMENT Jitesh Donga Parveen Mahtani Rajaram Pai Chief of Design Chief Legal Officer Chief Business Officer - Industrial Ameet Hariani Non-Executive Chairman Sudharshan KR Tanmoy Roy Vimal Agarwal Chief Project Chief People Chief Financial Officer Officer Officer Vimalendra Sing
Slide 39: Thank You
Thank You Investor Relations Contact Mr. Rabindra Basu Head Investor Relations Email: BASU.RABINDRA@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 5th Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/ 6747 8601 | Fax: 022 2497 5084 For more details vi
Slide 40: Classification of projects
Classification of projects is as under: a. Completed: projects where b. Ongoing: projects where (i) all c. Future Phases: projects in respect of d. Land inventory: land in which any construction has been title or development rights, or which (i) all title or development rights of the Company/subsidi
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