Marathon Nextgen Realty Limited · NSE:MARATHON

Marathon Nextgen Realty — Q2 FY23 Earnings Presentation

35 slides from Marathon Nextgen Realty's earnings presentation, Nov 29, 2022

1. Slide 1: SRINIVAS RAGHAVAN KRISHNAMURTHY Date:

   Digitally signed by SRINIVAS SRINIVAS RAGHAVAN RAGHAVAN KRISHNAMURTHY KRISHNAMURTHY Date: 2022.11.29 19:32:07 +05'30'

2. Slide 2: Investor Update for the quarter ended 30th September 2022

   Marathon Nextgen Realty Limited Investor Update for the quarter ended 30th September 2022 Page 1 Marathon NextGen Realty Ltd

3. Slide 3: Marathon NextGen Realty Ltd. (MNRL) At a Glance

   Marathon NextGen Realty Ltd. (MNRL) At a Glance Page 2 Marathon NextGen Realty Ltd

4. Slide 4: Marathon Group - Who we are

   Marathon Group - Who we are Established in 1969. Listed in 1978. More than 10,000 happy customers. Portfolio includes commercial, luxury residential, townships, affordable housing and retail Projects ongoing at Panvel, Byculla, Lower Parel, Dombivli and Bhandup Page 3 Marathon NextGen Realty Ltd

5. Slide 5: Marathon NextGen Realty Ltd.

   Marathon NextGen Realty Ltd. Marathon Group Public 74.65% 25.35% MNRL 40% 91% 100% 100% 100% Neo Park/ Neo Monte South NexZone Millennium Futurex Square Page 4 Marathon NextGen Realty Ltd

6. Slide 6: MNRL - Geographical Presence (Ongoing Projects)

   MNRL - Geographical Presence (Ongoing Projects) Commercial Corporate offices & Small business offices Affordable Housing NeoPark & NeoSquare (Neo series) Townships Townships in high growth regions (NEX Series) Highrise Luxury Residential Monte South (Monte series) Page 5 Marathon NextGen Realty Ltd

7. Slide 7: Q2 & H1 FY23 Performance Highlights

   Q2 & H1 FY23 Performance Highlights Page 6 Marathon NextGen Realty Ltd

8. Slide 8: Business Highlights (Consolidated) – H1 FY23

   Business Highlights (Consolidated) – H1 FY23 ₹ 183 Cr 1,67,570 ₹ 142 Cr Realization Per Sq. ft. Booking Value Sq. ft. Collections ₹ 16,632 (Commercial) (Registered) Area Sold ₹ 8,561 (Residential) ₹ 268 Cr ₹ 99 Cr ₹ 30 Cr ₹ 27 Cr Revenue EBITDA* PBT PAT 268% YoY increase 133% YoY increase 615% YoY i

9. Slide 9: Sales & Collections (Consolidated) - H1 FY23

   Sales & Collections (Consolidated) - H1 FY23 Booking Value Area sold Realization Collections Location (Registered) Project Project Type (Mumbai) (Sq.ft.) (Rs. Cr.) (Rs./Sq.ft.) (Rs. Cr.) Monte South* Residential Byculla 14,154 30 20,912 49 Marathon Nexzone Residential Panvel 81,388 50 6,140 22 Marat

10. Slide 10: Operational Highlights (Consolidated) - Quarterly

    Operational Highlights (Consolidated) - Quarterly Booking Value (In Rs. Cr.) Area Sold (In Sq.ft.) Collections (In Rs. Cr.) Realization (In Rs. per Sq.ft.) * Based on 40% revenue share for Monte South project Page 9 Marathon NextGen Realty Ltd

11. Slide 11: Financial Highlights (Consolidated) - Quarterly

    Financial Highlights (Consolidated) - Quarterly Revenue from Operations (In Rs. Cr.) EBITDA* (In Rs. Cr.) PBT (In Rs. Cr.) PAT (In Rs. Cr.) * EBITDA includes Share of Profit / (Loss) of Joint Ventures Page 10 Marathon NextGen Realty Ltd

12. Slide 12: Key Performance Metrics (Consolidated) – Annual

    Key Performance Metrics (Consolidated) – Annual Revenue from Operations (In Rs. Cr.) EBITDA* (In Rs. Cr.) PAT (In Rs. Cr.) Booking Value (In Rs. Cr.) Area Sold (In Sq. ft.) Collections (In Rs. Cr.) * EBITDA includes Share of Profit / (Loss) of Joint Ventures Booking Value, Area Sold and Collections

13. Slide 13: Debt Profile

    Debt Profile Net Debt (In Rs. Cr.) Net Debt to Equity Ratio • The Company is currently operating at the maximum Debt and the Debt level is expected to come down in the coming years ✔ Net Cash inflow from sold units (completed + ongoing) and expected net inflow from unsold inventory to be utilized in

14. Slide 14: Land Bank & Portfolio

    Land Bank & Portfolio Page 13 Marathon NextGen Realty Ltd

15. Slide 15: Ongoing Projects

    Ongoing Projects Sale Value Estimated Total Area Sold Area Sold in Amount Estimated Total Sale of Sale Value of Revenue Project Project Ownership Carpet Completion in sq.ft. sq.ft. Collected till month / Location Area Registered Unregistered from unsold Name Type % Area % (Registered (Unregistered D

16. Slide 16: Key Ongoing Projects

    Key Ongoing Projects Monte South Futurex Millennium • 2, 2.5, 3 and 3.5 BHK ultra-spacious homes • Flagship commercial Grade A spaces in Lower Parel • Flexible spaces starting from 350 sq.ft. to 10,000+ • Award-winning luxury homes near South Mumbai • Spaces ranging from 800 sq.ft. to 2,00,000 sq.ft

17. Slide 17: Key Ongoing Projects

    Key Ongoing Projects • Residential Apartments Affordable housing project in Bhandup West, Mumbai • 1, 2 & 2.5 BHK homes across 19 towers spread across 25 acres • Wide range of amenities for the entire family to maintain an active lifestyle – there’s something for everyone. • A complete township expe

18. Slide 18: Upcoming Projects

    Upcoming Projects Total Saleable Project Project Estimated Sale Location Ownership % area Name Type Value (in Rs. Cr.) (Sq.Ft.) Monte South Phase 3 Residential Byculla 40% 6,50,000 1,300 Monte South Phase 3 Commercial Byculla 40% 12,00,000 2,400 Marathon Nexzone Phase 3 Residential Panvel 91% 5,00,0

19. Slide 19: Marathon Group Land Bank

    Marathon Group Land Bank Marathon Group has extensive land banks across the Mumbai Metropolitan Region (MMR). Panvel 100+ acres Thane 100+ acres Dombivli 50+ acres Bhandup 100+ acres MNRL intends to utilize the vast available land bank of the Group for development by way of JDA, etc and drive future

20. Slide 20: Company Profile

    Company Profile Page 19 Marathon NextGen Realty Ltd

21. Slide 21: Leadership & Management

    Leadership & Management MR. S. RAMAMURTHI MR. CHETAN R. SHAH Wholetime Director Chairman & MD • Graduate in Economics and a CA • B. Tech. (Civil Engineering) from IIT Bombay with post-graduation in Systems and M.S. (Structural Engineering) from Management University of Houston • 30+ years of experie

22. Slide 22: Marathon Group Leadership

    Marathon Group Leadership MR. KAIVALYA SHAH MR. PARMEET SHAH MR. SAMYAG SHAH Director Director Director • BE - Structural Engineering, University • BA – Economics, Yale University and • BA - Economics, University of California, of California, San Diego MS, Columbia University San Diego Page 21 Marat

23. Slide 23: Marathon Group

    Marathon Group Page 22 Marathon NextGen Realty Ltd

24. Slide 24: About the Marathon Group

    About the Marathon Group Completed Projects Existing Portfolio Upcoming Projects Total Portfolio 8.4 Mn Sq.ft 6.2 Mn Sq. 15 Mn Sq.ft 26.60 Mn sq.ft Page 23 Marathon NextGen Realty Ltd

25. Slide 25: Shaping the skyline…. Since 1969 – Our Completed projects

    Shaping the skyline…. Since 1969 – Our Completed projects Page 24 Marathon NextGen Realty Ltd Page 24 Marathon NextGen Realty Ltd

26. Slide 26: Marathon Group - Redefining Real Estate…..Since 1969

    Marathon Group - Redefining Real Estate…..Since 1969 Marathon Group is a Mumbai based 50 year old real estate development company. We are a design driven organisation, that excels at delivering the best construction quality and strongly believes in operating with the highest levels of transparency a

27. Slide 27: Our Growth Strategy

    Our Growth Strategy Our Difference Design Trust Engineering Page 26 Page 26 Marathon NextGen Realty Ltd

28. Slide 28: How Marathon creates Value

    How Marathon creates Value "One of our core strengths has been identifying the potential of land parcels early. We have done this at Lower Parel, Byculla, Panvel, Bhandup and Dombivli" Mill land at Lower One of the first to identify the tremendous High growth We secured land parcels in Panvel and pot

29. Slide 29: Awards and Recognitions

    Awards and Recognitions Page 28 Marathon NextGen Realty Ltd

30. Slide 30: Annexure

    Annexure Page 29 Marathon NextGen Realty Ltd

31. Slide 31: Income Statement (Consolidated)

    Income Statement (Consolidated) Particulars (In Rs. Cr.) Q2 FY23 Q2 FY22 YoY Q1 FY23 QoQ FY22 Revenue from operations 169.95 37.39 354.5% 97.70 73.9% 306.09 Other income 11.96 9.41 27.1% 9.78 22.4% 38.13 Total Income 181.91 46.80 288.7% 107.48 69.3% 344.22 Property development expenses 65.33 56.60 1

32. Slide 32: Balance sheet (Consolidated)

    Balance sheet (Consolidated) Half Year Half Year Year Ended Year Ended Ended Ended Particulars (In Rs. Cr.) 31st March Particulars (In Rs. Cr.) 31st March 30th Sep 30th Sep 2022 2022 2022 2022 Property, Plant and Equipment 8.09 8.61 Equity Share Capital 23.10 23.00 Goodwill on consolidated 125.23 12

33. Slide 33: Cash Flow Statement (Consolidated)

    Cash Flow Statement (Consolidated) Half Year Ended Year Ended Particulars (In Rs. Cr.) 30th Sep 31st March 2022 2022 Cash Flow from operating activities 159.93 76.33 Cash Flow from investing activities -61.21 -374.78 Cash Flow from financing activities -76.46 273.50 Increase / (Decrease) in Cash and

34. Slide 34: Shareholding & Price movement

    Shareholding & Price movement BSE Ticker 503101 NSE Symbol MARATHON Issued Shares (Cr) 4.6 Market Cap* (in ₹ Cr) 1,098 Promoter Holding 74.65 % Share price rebased to 100 *As on 24th Nov’22 Page 33 Marathon NextGen Realty Ltd

35. Slide 35: Thank you

    Thank you Thank you CONTACT US Ernst &Young LLP Mr. Diwakar Pingle - diwakar.pingle@in.ey.com Mr. Binay Sarda - binay.sarda@in.ey.com Ms. Jeevika Hemani - jeevika.hemani@in.ey.com Mr. Sumedh Desai - sumedh.desai@in.ey.com Page 34 Marathon NextGen Realty Ltd

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