Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q1 FY2023 Earnings Presentation
39 slides from Mahindra Lifespace Developers's earnings presentation, Jul 27, 2022
Slide 1: Exchange filing cover letter
Date: 27th July, 2022 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: Listing:https://neaps.nseindia.com/NEWLISTINGCORP/ http://listing.bs
Slide 2: Investor Presentation Q1 FY2023
INVESTOR PRESENTATION Q1 FY2023 1
Slide 3: This presentation and the accompanying slides ("Presentation"), have been prepared by “Mahindra Lifespace Developers
This presentation and the accompanying slides ("Presentation"), have been prepared by “Mahindra Lifespace Developers Limited” ("Company"), solely for purposes of information and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form t
Slide 4: MLDL Overview
1 MLDL Overview 1 2 MLDL Residential 3 MLDL IC & IC 4 MLDL Financials 5 MLDL Leadership 3
Slide 5: Investor Presentation Q1 FY2023
Investor Presentation Q1 FY2023 4
Slide 6: Journey and milestones
Entry Merger MWC Jaipur SCM JV Sumitomo JV Financial Origins Chennai 100th client at MWC Launch Happinest TERI Partnership Partnership Launch MWC Jaipur Chennai Launch Rights Issue Origins Launch Origins Launch Ahmedabad development IFC Partnership Mahindra Group MRIDL and
Slide 7: Investor Presentation Q1 FY2023
Investor Presentation Q1 FY2023 6
Slide 8: Sustainability recognitions and awards
'Plaque Award’ for Special Recognition in 1st position for MWC Chennai is India’s first India’s 1st Net Zero Energy MWC Jaipur received C40 Sustainability Performance certified zero waste to landfill city Stage 2 Certification Category II - Climate Change Residential Building ICAI International Sust
Slide 9: Market capitalization and shareholding as on 30th June 2022
As on 30th June 2022 Market Capitalization INR 6,262 cr Shareholding Pattern (%) 19.1% Shares Outstanding 15.45 cr 51.3% 18.9% Free Float 3,047 cr 10.6% Symbol (BSE) / (NSE) 532313 / MAHLIFE Promoters FII MF Others 700 BSE REALTY MAHLIFE Key Institutional Investors 600 ICICI Prudential Asset Managem
Slide 10: Stakeholder preferences and regulatory reforms
Stakeholders Preferences Regulatory Reforms • Buyers' inclination towards trusted • RERA – Transforming the RE landscape developers with a strong delivery track o Shift of purchasing power to buyers record o Builder’s accountable for timely delivery & quality • Strong Brand & Parentage • Landowners
Slide 11: Growth targets and strategy
Rs. cr Rs. cr by 2025 by 2025 1028 cr 298 cr Rs. cr Rs. cr msft Exploring allied Development Land acquisitions opportunities in Target Markets potential per every year, worth Land acquisitions across all existing Sales Activation project sales potential of in well-developed locations with lease prem
Slide 12: Q1 FY23 operating highlights
During Q1FY23, signed an agreement to acquire a land parcel in Pimpri having development potential of msft. Sales Volume Launches Sales Volume Launches (RERA Carpet Area: 0.39 msft) (RERA Carpet Area: 0.80 msft) Sales Value Completions Sales Value Completions Collections Handovers Collections Handov
Slide 13: Consolidated results
(Rs. cr, unless specified) CONSOLIDATED RESULTS Q1 FY23 Q4 FY22 Q1 FY22 Income from Operations 94.6 161.8 148.2 Other Income 22.8 (6.7) 6.0 Total Income 117.3 155.0 154.2 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates 20.4 50.6 (20.9) Share in Net Profit / (Loss) of Associate
Slide 14: MLDL Residential
2 MLDL Residential 1 MLDL Overview 2 3 MLDL IC & IC 4 MLDL Financials 5 MLDL Leadership 13
Slide 15: Residential business structure
M&M 51% MLDL 100% 72.5% 51% 74% 89% MBDL MHPL MHDL MITL 26% MWCDL - Bloomdale - Luminare - Happinest Palghar - Lakewoods - MWC Chennai - Happinest Kalyan - Happinest MWCC 27.5% 100% 49% Actis HDFC Capital MRDL - Aqualily Investor Presentation Q1 FY2023 14
Slide 16: Residential projects
1 2 3 Roots, Lakewoods, Happinest Happinest Luminare, Alcove Vicino Mumbai Chennai Kalyan Palghar Ph 1 NCR (Under (Actual (Under (Under (Under (Actual (Actual Construction) Image) Construction) Construction) Construction) Image) Image) Investor Presentation Q1 FY2023 15
Slide 17: Annual sales, collections, launches and completions
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 1.69 1153 1.31 1.28 1.16 963 930 1023 1.07 1028 758 670 695 603 611 328 331 362 288 241 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Launches (msft) Completions (msft) 1.84 1.55 1.27 1.17 1.30 0.97 0.94
Slide 18: Quarterly sales, collections, launches and completions
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 0.65 469 0.7 0.6 0.40 0.5 308 0.39 271 0.32 0.4 204 0.3 171 0.18 137 0.2 104 70 70 0.1 51 145 303 251 328 602 0 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1FY23 Launches (msft) C
Slide 19: Premium Residential and Value Homes project status
Premium Residential Total Launched Completed Ongoing Sales Value Completion Area Sold Area Sold Location Project Name Development Development Development Development (Rs. cr) % A B C of C D of D of D of D Roots 0.14 0.14 0.00 NA 0.14 0.14 175 84% MMR Vicino 0.26 0.26 0.00 NA 0.26 0.23 399 77% Alcove
Slide 20: Forthcoming projects
Future Phases of Ongoing Projects New Projects Estimated Saleable Estimated Saleable Location Project Name Location Project Name Area (msft) Area (msft) Meridian (Alibaug) 0.13 New Project (Dahisar) # 0.86 MMR MMR Happinest Palghar Ph 2 0.18 New Project (Kandivali) 1.70 Happinest Kalyan 2 Ph 2 0.38
Slide 21: Completed projects balance inventory
Location Project Name Company Balance units to sell NCR Luminare MHPL 1 Pune Centralis MLDL 2 Chennai Aqualily MRDL 2 Happinest Boisar MLDL 62 MMR Meridian (Alibaug) MLDL 9 Happinest Palghar 1 MHDL 93 TOTAL 169 Happinest Boisar Meridian (Alibaug) Happinest Palghar 1 Note: All figures correspond to M
Slide 22: Estimated cash flows
Estimated Cash Flows (Rs. cr) Launched Phases / Projects Value (Rs. cr) Future Phases (To be launched) Value (Rs. cr) New Projects (To be launched) Value (Rs. cr) Sold Units & Estimated Sales ^ 3827 Estimated Sales ^ 5521 Estimated Sales ^ 1358 Less: Amount Collected of Sold Units 1065 Less: Estimat
Slide 23: Technology and systems landscape
nPulse • Project Life Cycle Management SFDC (Integrated with SFDC & SAP) • Lead and Customer Management • Budget Management • Demands & Collections • Schedule Management • Customer Communication • Resource Planning • Customer Connect & Feedback • Quality (MLIFE Mobile App, Menu based Chatbots) • Rep
Slide 24: MLDL IC & IC
3 MLDL IC & IC 1 MLDL Overview 2 MLDL Residential 3 4 MLDL Financials 5 MLDL Leadership 23
Slide 25: Leased area and average price per acre
Leased Area (Acres) Average Price per Acre (Rs. cr) 2.8 2.6 2.5 2.7 2.3 110.6 93.1 39.6 46.4 42.3 FY19 FY20* FY21* FY22 Q1FY23 Investor Presentation Q1 FY2023 * Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres, FY22: nil) 24
Slide 26: Integrated cities and industrial clusters structure
M&M 51% MLDL 100% 74% 89% 100% KTL MWCJL * MWCDL 60% MIPCL MIPPL * - Origins Pune - MWC Jaipur - MWC Chennai - Origins Chennai - Origins Ahmedabad 26% 11% 40% RIICO TIDCO Sumitomo Investor Presentation Q1 FY2023 * IFC is a strategic partner in MWCJL & MIPPL. 25
Slide 27: Leasable area and balance inventory
Leasable Area: 1145 acres Balance Inventory in MWCDL Gross Area Leasable Area* 289 Leased Area 1120 60 25 209 237 25 53 MWC Chennai Origins Chennai Ph 2 Acres Leased Unleased Outside MWC Boundary Leasable Area: 2011 acres Balance Inventory Gross Area 340 Saleable Area* Leased Area 255 185 1001 1010
Slide 28: Leased area, park O&M and price per acre
Leased Area (Acres) Park O&M, MWC Chennai (Rs. cr) 110.6 93.1 23.3 23.9 22.8 16.4 17.0 95 46.2 46.4 42.3 39.6 15.4 0 6.5 15.1 42.3 2… 3.3 24.1 23.3 1.2 2.2 15.6 0 FY19 FY20* FY21* FY22 Q1FY23 FY21 FY22 Q1FY23 MWC Chennai MWC Jaipur Origins Chennai Total Income Expenses Average Price Per Acre (Rs. cr
Slide 29: Customers (operational)
customers ( operational) customers ( operational) customers ( operational) Investor Presentation Q1 FY2023 28
Slide 30: Land inventory
Gross Area Land Name Location Development Plan # (acres) Ghodbundar Road, Thane MMR 68 Planned as Mixed-use Development. Under approvals. Murud, Raigad MMR 1291 Under study & evaluation stage. Planned to be developed as Origins, Pune. Under land Pune Pune 500 * aggregation stage to ensure contiguity
Slide 31: MLDL Financials
4 MLDL Financials 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 5 MLDL Leadership 30
Slide 32: Profit & loss statement
PROFIT & LOSS STATEMENT Q1 FY23 Q4 FY22 Q1 FY22 FY22 Income from Operations 94.6 161.8 148.2 393.6 Other Income 22.8 -6.7 6.0 14.7 Total Revenues 117.3 155.0 154.2 408.2 Operating Expenses 82.8 139.4 137.2 303.1 Employee Remuneration & Benefits 21.3 17.6 22.8 83.6 Finance Costs 1.8 1.5 1.2 6.5 Depre
Slide 33: Balance sheet
EQUITY & LIABILITIES Q1 FY23 FY22 ASSETS Q1 FY23 FY22 Equity Share Capital 154.5 154.5 Property, Plant and Equipment 13.2 11.8 Other Equity 1,710.1 1,634.0 Right of Use Assets 4.9 5.6 Networth 1,864.6 1,788.5 Capital Work-In-Progress 2.6 3.4 Non-Controlling Interest 49.3 49.1 Investment Property 19.
Slide 34: Segment results
Residential IC & IC SEGMENT RESULTS Q1 FY23 Area Sold (msft) / Land Leased (acres) 0.65 msft 42.3 acres Sales / Lease Income 602 118 Income from Operation 103 138 Other Income 23 0.4 Total Income 126 139 Cost of Sales 92 36 Gross Margins (%) 10% 74% Less other Operating Expenses 44 6 EBIDTA (excludi
Slide 35: MLDL Leadership
5 MLDL Leadership 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 MLDL Financials 5 34
Slide 36: Leadership team
Non-Executive Chairman Arun Nanda Managing Director & Chief Executive Officer Arvind Subramanian Chief Legal Officer Chief Financial Officer Chief People Officer Chief Business Officer - Industrial Chief Marketing Officer Parveen Mahtani Vimal Agarwal Krity Sharma Viral Oza Rajaram Pai Chief Busines
Slide 37: Board of directors
Mr. Arun Nanda Mr. Arvind Subramanian Dr. Anish Shah (Chairman) (MD & CEO) (Non-Executive, Non Independent Director) Holds degree in Law, FCA & FCS B.Tech, from IIT, Madras and MBA from IIM, Ph.D. - Carnegie Mellon’s Tepper Business Chairman of Mahindra Holidays & Resorts Ahmedabad School, M
Slide 38: Investor Relations Contact
Investor Relations Contact Mr. Sumit Kasat Ms. Rabindra Basu Sr. General Manager – Finance & Investor Relations Senior Manager – Investor Relations Email: kasat.sumit@mahindra.com Email: basu.rabindra@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 th 5 Floor, Mahindra T
Slide 39: Classification of projects
Classification of projects is as under: a. Completed: projects where b. Ongoing: projects where (i) all c. Forthcoming: 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/subsidiar
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