Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q1 FY2022 Earnings Presentation
40 slides from Mahindra Lifespace Developers's earnings presentation, Jul 28, 2021
Slide 1: Intimation to stock exchanges under Regulation 30(2)
mahlndra LIFE SPACES Date: 28 th July, 2021 To, BSE Limited National Stock Exchange of India Limited Corporate Services , Exchange Plaza, Piroze Jeejeebhoy Towers, Sandra Kurla Complex, Dalal Street, Mumbai - 400 001 Sandra (East), Mumbai 400051 Listing: Listing:https://neaps.nseindia.com/N EWLISTI
Slide 2: Investor Presentation Q1 FY2022
LIFESPACES Investor Presentation Qi FY2022
Slide 3: Disclaimer
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 FY2022
Investor Presentation Q1 FY2022 4
Slide 6: Q1 FY2022 highlights
Finalised the terms to purchase a land in Pune from M&M Ltd., having development potential of msft. Sales Volume Sales Value Collections (RERA Carpet Area: 0.11 msft) Completions Handovers Investor Presentation Q1 FY2022 5
Slide 7: Investor Presentation Q1 FY2022
Investor Presentation Q1 FY2022 * Usha Precision Products Private Limited & Gulmohar Lane Lifestyle Private Limited 6
Slide 8: Journey and milestones
Entry Merger MWC Jaipur SCM JV Sumitomo JV Financial Origins Chennai 100+ clients MWC Launch Happinest TERI Partnership Partnership Launch Chennai Launch Rights Issue Origins Launch Origins Launch Ahmedabad development IFC Partnership Mahindra Group MRIDL and Launch of seco
Slide 9: Investor Presentation Q1 FY2022
Investor Presentation Q1 FY2022 8
Slide 10: Sustainability recognitions
1st position for MWC Chennai is India’s first Zero waste-water MWC Jaipur received C40 2nd position in Corporate Sustainability Performance certified zero waste to landfill city discharge at all facilities Stage 2 Certification Social Responsibility Investor Presentation Q1 FY2022 9
Slide 11: MLDL Residential
2 MLDL Residential 1 MLDL Overview 2 3 MLDL IC & IC 4 MLDL Financials 5 MLDL Leadership 10
Slide 12: Residential projects
1 2 3 Roots, Lakewoods, Bloomdale, Happinest Happinest Happinest Luminare, Mumbai Chennai Nagpur Kalyan Avadi Palghar Ph 1 NCR (Under (Under (Actual (Under (Actual (Actual (Actual Construction) Construction) Image) Construction) Image) Image) Image) Investor Presentation Q1 FY2022 11
Slide 13: MLDL ownership structure of residential projects
M&M 51% MLDL 100% 72% 51% 74% 89% MBDL MHPL MHDL MITL 26% MWCDL - Bloomdale - Luminare - Happinest Palghar - Lakewoods - MWC Chennai - Happinest Kalyan 28% 100% 49% Actis HDFC Capital MRDL - Aqualily Investor Presentation Q1 FY2022 12
Slide 14: Sales value, saleable area, launches and completions FY17-FY21
Sales Value (Rs. cr) Saleable Area (msft) 1.69 1023 1.31 1.16 695 1.07 670 611 0.9 536 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Launches (msft) Completions (msft) 1.84 1.55 1.17 0.97 0.94 1.07 0.93 0.58 0.68 0.39 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Note: All figures correspond
Slide 15: Quarterly sales, launches and completions
Sales Value (Rs. cr) Saleable Area (msft) 346 0.52 0.31 195 145 115 0.16 0.18 0.08 39 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Launches (msft) Completions (msft) 0.76 0.32 0.12 0.18 0.06 0.01 0 0 0 0 Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q1 FY21 Q2 FY21 Q3 FY
Slide 16: Mid-premium and affordable housing project status
Mid-Premium Housing (Lifespaces) Total Launched Completed Ongoing Area Sold Area Sold Completion % Location Project Name Development Development Development Development A B C of C D of D of D Roots 0.14 0.14 0.00 NA 0.14 0.10 72% Vicino 0.26 0.18 0.00 NA 0.18 0.09 69% MMR Alcove # 0.39 0.15 0.00 NA
Slide 17: Forthcoming projects
Subsequent Phases of Existing Projects New Projects Estimated Saleable Estimated Saleable Location Project Name Location Project Name Area (msft) Area (msft) Vicino 0.09 MMR New Project (Kalyan) 1.09 Alcove # 0.24 Pune New Project (Pune) 0.44 MMR New Project (Alibaug) 0.09 Bengaluru New Project (Kan
Slide 18: Completed projects balance inventory
Location Project Name Company Balance units to sell Happinest Boisar MLDL 83 MMR Happinest Palghar 1 MHDL 41 Chennai Aqualily Apts MRDL 1 TOTAL 125 Happinest Boisar Happinest Palghar I Aqualily Apts Note: All figures correspond to MLDL and associates, including commercial units that are part of resi
Slide 19: Estimated cash flows
Estimated Cash Flows (Rs. cr) Sold Units of Ongoing Projects Value (Rs. Cr) Future Sales of Ongoing Projects Value (Rs. Cr) Future Phases of Ongoing Projects Value (Rs. Cr) Sales Completed 1737 Estimated Sales ^ 1017 Estimated Sales ^ 1744 Less: Amount Collected 788 Less: Estimated Construction Cost
Slide 20: Digital platforms and systems
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 21: MLDL IC & IC
3 MLDL IC & IC 1 MLDL Overview 2 MLDL Residential 3 4 MLDL Financials 5 MLDL Leadership 20
Slide 22: Integrated Cities and Industrial Clusters
Integrated Cities Industrial Clusters EXISTING ECOSYSTEM OF CO-LOCATED RESIDENTIAL SPACES PARTNERSHIP WITH GOVERNMENT BUSINESS SUPPORT SERVICES MARQUEE CUSTOMERS WITH SOCIAL INFRASTRUCTURE PLUG ‘N’ PLAY INFRASTRUCTURE SUSTAINABLE AND SMART ACCESS TO SKILLED WORKFORCE HASSLE FREE TRANSACTION Investor
Slide 23: IC & IC ownership 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 FY2022 * IFC is a strategic partner in MWCJL & MIPPL. 22
Slide 24: Marquee clients at Mahindra World City
1 2 3 4 Infosys Campus, Chennai BMW, Chennai Central Avenue, Chennai Metlife, Jaipur DTA Zone, Jaipur Infosys Circle, Jaipur Investor Presentation Q1 FY2022 * Represents Investment made by MWC clients 23
Slide 25: Leased area and average price per acre
Leased Area (Acres) Leasable Area: 1145 acres 74.3 Balance Inventory in MWCDL 70.3 66.8 61.6 46.2 44 1120 64 25 31 24.5 28.8 23.3 237 17.6 24.1 1.2 2.2 25 7.5 FY17 FY18 FY19 FY20* FY21* MWC, Chennai Origins Chennai Phase 2 Leased Unsold Chennai Jaipur Total Outside MWC Boundary Average Price Per Acr
Slide 26: Exports, park O&M and direct employment
Exports (Rs. cr) Park O&M, Chennai (Rs. cr) 1745 24.0 23.3 23.3 1552 1311 18.6 1245 17.7 16.4 2234 10202 11428 12683 12871 8303 FY17 FY18 FY19 FY20 FY21 FY19 FY20 FY21 Chennai Jaipur Income Expenses Direct Employment (In `000) Park O&M & eVolve, Jaipur (Rs. cr) 39.5 39.5 40 40 44.4 38 42.7 40.0 14.4
Slide 27: Covid-19 response and customer confidence
Ensuring quicker Prevented labor Ensuring employee Improved Customer business resumption migration safety & well-being Confidence amid Covid-19 • Sanitized operations and • Formation of Task Force • Thermal Scanning & • MWC Chennai: nil / minimum commute to monitor labor Vehicle disinfectant 1. FY 2
Slide 28: Origins location advantages
In proximity to Ponneri – GOI’s 100 smart city Ponneri Stn 5 KM Ahmedabad Airport 77 KM Distance from Nearest Port: Pipava 233 KM Kandla 280 KM Mundra 335 KM Limdi Stn 30 KM Ahmedabad Stn 77 KM Chennai City 35 KM Chennai Airport 70 KM Distance from Nearest Ports: Located on High Growth Located on NH
Slide 29: Origins Chennai and Origins Ahmedabad
ORIGINS Chennai ORIGINS Ahmedabad 340 289 255 209 53 Acres Acres Gross Area Leasable Area* Leased Area Gross Area Leasable Area* Yammar at Origins Chennai USUI Susira at Origins Chennai Nissei Electric at Origins Chennai NH Access, Ahmedabad Under Construction Site, Ahmedabad Under Construction Site
Slide 30: Land inventory
Gross Area Land Name Location Development Plan # (acres) Planned as Mixed-use Development. Under Ghodbundar Road, Thane MMR 68 approvals & master planning. Murud, Raigad MMR 1291 Under study & evaluation stage. Planned to be developed as Origins, Pune. Under Pune Pune ~500 * land aggregation stage t
Slide 31: MLDL Financials
4 MLDL Financials 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 5 MLDL Leadership 30
Slide 32: Consolidated financial summary
Particulars Q1 FY22 Q4 FY21 Q1 FY21 Income from Operations 148.2 56.0 14.3 Other Income 6.0 2.1 7.8 Total Income 154.2 58.1 22.1 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates (20.9) (38.5) (17.7) Share in Net Profit / (Loss) of Associates 1.4 4.9 (7.0) Profit Before Tax (19.
Slide 33: Profit & Loss statement
PROFIT & LOSS STATEMENT Q1 FY22 Q4 FY21 Q1 FY21 FY21 Income from Operations 148.2 56.0 14.3 166.3 Other Income 6.0 2.1 7.8 21.6 Total Revenues 154.2 58.1 22.1 187.8 Operating Expenses 137.2 44.4 5.8 117.3 Employee Remuneration & Benefits 22.8 20.1 19.9 75.7 Finance Costs 1.2 1.9 3.7 11.0 Depreciatio
Slide 34: Balance sheet
EQUITY & LIABILITIES Q1 FY22 FY21 ASSETS Q1 FY22 FY21 Equity Share Capital 51.4 51.4 Property, Plant and Equipment 3.4 3.8 Other Equity 1,566.0 1,579.7 Right of Use Assets 8.1 0.6 Networth 1,617.4 1,631.1 Capital Work-In-Progress 15.5 14.6 Non-Controlling Interest 42.5 42.0 Investment Property 20.4
Slide 35: Segment results: Residential and IC & IC
Residential IC & IC SEGMENT RESULTS (Rs Cr) Q1 FY22 Area Sold (msft) / Land Leased (acres) 0.18 6.7 Sales / Lease Income 145 14 Income from Operation 177 32 Other Income 8 0 Total Income 185 32 Cost of Sales 165 11 Gross Margins (%) 7% 66% Other Operating Expenses 34 6 EBIDTA -14 15 EBIDTA Margin (%
Slide 36: MLDL Leadership
5 MLDL Leadership 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 MLDL Financials 5 35
Slide 37: Management 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 Design
Slide 38: 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, Mast
Slide 39: Investor Relations Contact
Investor Relations Contact Mr. Sumit Kasat Ms. Ruchika Jain Sr. General Manager – Finance & Investor Relations Manager – Investor Relations & Business Analytics Phone : +91-22-67478645 Phone : +91-22-67478693 Email: kasat.sumit@mahindra.com Email: jain.ruchika@mahindra.com Mahindra Lifespace Develop
Slide 40: 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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