Max India Ltd · NSE:MAXIND
Max India — Q4 FY2023 Earnings Presentation
22 slides from Max India's earnings presentation, May 25, 2023
Slide 1: Filing cover letter to stock exchanges
May 25, 2023 To, Listing Department, Department of Corporate Services, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Plot no. C/1, G Block, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra-Kurla Kurla Complex Bandra (E), Mumbai – 400001 Mumbai – 400051 NSE Scrip Symbol: MAXIN
Slide 2: Investor Release May 25, 2023
Investor Release May 25, 2023
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Max India Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities
Slide 4: Max India: Key Highlights (Q4 & FY23)
Max India : Key Highlights (Q4 & FY23) Consolidated Revenue Consolidated EBITDA Balance Sheet (Mar 23) Max India FY23 Q4FY23 FY23 Q4FY23 Treasury & Other Assets Networth Rs 213 Cr 16%^ Rs 60 Cr 17% Rs 12 Cr Rs 5 Cr Rs 530 Cr+ Rs 542 Cr [Rs 185 Cr] [Rs 52 Cr] [Rs (1) Cr] [Rs (2) Cr] [Rs 540 Cr] [Rs 6
Slide 5: Residences for Seniors
Residences for Seniors
Slide 6: 1st Community - Antara Dehradun – 98% of units sold as of Mar'23
1st Community - Antara Dehradun – 98% of units sold as of Mar’23 end, continues to be cash and PBT positive, Cash surplus ~Rs 80 Cr as of Mar’23 14 Acres 5,75,500 1,400-6,600 Land Parcel of the Average Apartment company's flagship Saleable area Size range in Sq Ft project in sq ft 60,000 1.3 pm1 ~Rs
Slide 7: 2nd Community - Antara Noida Phase 1: 100% of units sold as of Mar'23
2nd Community - Antara Noida Phase 1: 100% of units sold as of Mar’23 end, collection efficiency ~ 97% 340 ~7,45,000 2,000 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 43:571 Rs 9,8002 efficiency Cumulative sales and collection trend Channel Mix (%) Sales Realisa
Slide 8: Antara Noida (Under Construction): targeting to achieve planned IRRs
Antara Noida (Under Construction): targeting to achieve planned IRRs; cost headwinds being mitigated through sales velocity, price increase and timely delivery Project Cost for Phase - Payment plan 1&2 (including Land) Antara Fee (S&M, PM) (break-up basis units sold) 983 Rs. ~10% 10:90 Payment Plan
Slide 9: Ahead of Plan - 29th floor roof slab of R1 & 27th floor of R2 & R3
Ahead of Plan - 29th floor roof slab of R1 & 27th floor roof slab of R2 & R3 respectively completed within Mar 23 R1 - 29th Floor R2 - 27th Floor R3 - 27th Floor 8
Slide 10: Growth Initiatives: Preliminary Key terms agreed for Gurugram and Bengaluru
Growth Initiatives : Preliminary Key terms agreed for Gurugram and Bengaluru; In discussions for opportunities at other geographies Areas Update Next steps • RERA application for Phase II filed in May 2023 • Sales Launch post RERA approval Noida Phase II • Close Liaison with NOIDA and RERA in progre
Slide 11: Care Homes/ Memory Care Homes
Care Homes/ Memory Care Homes
Slide 12: Care Home: Net revenue at Rs 1.6 Cr in Q4FY23, grew 28% y-o-y
Care Home (CH): Net revenue at Rs 1.6 Cr in Q4FY23, grew 28% y-o-y, led by bed addition Occupancy trend at Care Homes (bed days) Care Homes Revenue (Rs Lacs) 33% 28% YoY YoY 240 4000 3686 210 200.0 3137 3200 180 169.0 2665 158.0 2414 150 132.2 2400 2001 123.3 120 1600 90 60 800 30 0 0 Q4FY22 Q1FY23
Slide 13: Gurugram CH Proof of success established; Contribution margins improving
Gurugram CH Proof of success established; Contribution margins steadily improving from (-)25% to ~ 13% in eight quarters Net Revenue (Rs Lacs) Key learnings so far 120 • Per day pricing in the range of 97.9 INR 4000-5000 per day 100 94.5 89.8 82.6 • 20 patients staying in the 80 76.4 center as on Ma
Slide 14: Care at Home
Care at Home 13
Slide 15: Care at Home – Net revenue at Rs 1.5 Cr, growth of 23% y-o-y
Care at Home – Net revenue at Rs 1.5 Cr, growth of 23% y-o-y led by high margin service offerings Transaction* (Nos) Care at Homes Revenue^ (Rs Lacs) -36% 300 4000 YoY 23% 250 YoY 3200 200 2400 150 163.7 172.3 153.8 1600 3300 3100 125.4 2700 100 119.2 2500 2100 800 50 0 0 Q4FY22 Q1FY23 Q2FY23 Q3FY23
Slide 16: MedCare
MedCare 15
Slide 17: MedCare: Net revenue at Rs 1.3 Cr, grew 2.3x y-o-y
MedCare: Net revenue at Rs 1.3 Cr, grew 2.3x y-o-y Antara branded wheelchair, walker and commode MedCare Revenue (Rs Lacs) chair launched, senior specific features incorporated in 2.3x design, now available on Amazon, Flipkart & Tata 1MG, YoY sold ~125 units through offline & online channels 80 133.
Slide 18: Consolidated Financials
Consolidated Financials Consolidated Financials 17
Slide 19: Well capitalised to pursue growth opportunities with treasury and other assets
Well capitalised to pursue growth opportunities with ~ Rs 530 crores of Treasury (including surplus in subsidiaries) and other monetisable assets Senior living – Residences for Seniors Assisted Care Services – Other Assets^ (Rs 390 Cr) Invested Capital (Rs 387 Cr) Invested Capital (Rs 67 Cr) Antara
Slide 20: Consolidated Revenue at Rs 213 Cr in FY23 (Rs 60 Cr in Q4)
Consolidated Revenue at Rs 213 Cr in FY23 (Rs 60 Cr in Q4) Consolidated EBITDA at Rs 12 Cr in FY23 vs loss of Rs 1 Cr in FY22 (Rs 5 Cr in Q4 vs loss of Rs 2 Cr in PY) Particulars (Rs. Crs.) Q4 FY23 Q4 FY22 FY23 FY22 Total Income 60.2 51.5 213.5 237.4 Total Expenses 55.0 53.5 201.8 238.0 EBITDA 5.2 (
Slide 21: Balance Sheet: Strong BS position with Net worth of Rs 542 Crores
Balance Sheet: Strong BS position with Net worth of Rs 542 Crores Particulars (Rs in Crs.) 31-Mar-23 31-Mar-22 Particulars (Rs in Crs.) 31-Mar-23 31-Mar-22 Non-Current Assets 291.5 304.9 Equity 542.1 637.1 Non-Current Liabilities 49.8 63.7 Current Assets 461.9 549.1 Current liabilities 161.5 153.2 T
Slide 22: Contact US
Contact US Company Investor Relations Advisors Max India Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74999MH2019PLC320039 CIN: U74140MH2010PTC204285 Mr. Ajay Agrawal/ Mr. Nishant Kumar Mr. Rahul Agarwal / Mr. Aakash Mehta ajay.agrawal@antaraseniorcare.com rahul.agarwal@sgapl.net / nkumar@maxin