Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q1 FY2025 Earnings Presentation
38 slides from Mahindra Lifespace Developers's earnings presentation, Jul 24, 2024
Slide 1: Stock exchange intimation cover letter
July 24, 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/NEWLISTINGCO
Slide 2: Cover letter signature
The same in also uploaded on the website of the Company at https://www.mahindralifespaces.com/investor-center/?category=investor-presentation. Kindly take the same on record. Yours faithfully, For Mahindra Lifespace Developers Limited BIJAL Digitally signed by BIJAL BHARAT BHARAT PARMAR Date: 2024.0
Slide 3: Investor Presentation Q1 FY2025
Aqualily, Chennai Investor Presentation Q1 FY2025 TNRERA No: TN/01/Building/0174/2022 Actual Image 0
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
Zen, Bengaluru MLDL Overview RERA Reg No: PRM/KA/RERA/1251/310/PR/210324/006712 Artist’s Impression2
Slide 6: MLDL at a Glance
MLDL AT A GLANCE Residential Business 50+ projects since1996 (37.95 msft); 18K satisfied customers Strategic partnerships with Actis and HDFC Capital CDP A rating; Industry-first 3 Net zero projects Rs 9,245 Cr Market Cap as on 30th June’24 IC&IC Business Industrial Developer since 1994 (2 World Cit
Slide 7: Our Journey So Far
OUR JOURNEY SO FAR (Rs. Cr) Total Sales Gross Development Value 4,400 2,698 991 778 FY20 FY24 FY20 FY24 Free Cash Flow1 Net Debt2 639 610 ~640 163 FY20 FY24 FY20 FY24 4 Note: 1. Free Cash flow excluding cash outflow towards land acquisitions; 2. Net Debt (consolidated) across all entities (Resi and
Slide 8: Key Industry Drivers
KEY INDUSTRY DRIVERS Increasing urbanization… …Household income… 40% High High >33 L 8Mn 29Mn (3%) (7%) 31% Upper mid Upper mid 7 L – 33 L 61Mn (21%) 168Mn (44%) Lower mid Lower mid 3.3 L – 7 L 97Mn (33%) 132Mn (34%) Low Low <3.3 L 127Mn (43%) 57Mn (15%) CY18 CY30F 2011 2030 Avg. HH Income/ per cap
Slide 9: Stock Performance and Drivers
STOCK PERFORMANCE AND DRIVERS Stock generated 70% CAGR over the past 4 years BSE SENSEX BSE REALTY MAHLIFE Shareholding Pattern (%) 17.5% Mahindra Group FII 51.2% 22.2% MF 9.1% Others 30-Jun-20 30-Jun-21 30-Jun-22 30-Jun-23 30-Jun-24 Key Drivers Key Institutional Investors Scale-up in business devel
Slide 10: Accolades
ACCOLADES We have been recognized in many areas i.e., Home-Buying Experience, and Technology-led Campaigns Accolades Sustainability Achievements ET Brand Equity - Brand Disruption Awards' 24 (For India's 1st home-buying Carbon Disclosure Project 2023 experience on the Metaverse launched via a Scanna
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: Our Growth Aspiration: Rs 8-10K Cr
OUR GROWTH ASPIRATION: Rs 8 – 10K Cr Rs. 8,000 -10,000 Cr Residential + IC & IC Rs. 2,698 Cr Rs. 778 Cr 2020 2024 2028E KEY PRIORITIES Residential IC & IC Rs 45000 Cr “WOW” Planned Accelerated Unlocking BTS scale-up (~$5.4bn) of customer funding of Rs leasing value from cumulative experience 7000 Cr
Slide 13: MLDL Residential
Citadel, Pune MLDL Residential RERA Reg No: P52100047656, P52100053150 Artist’s Impression 10
Slide 14: Residential – Structure Overview
RESIDENTIAL – STRUCTURE OVERVIEW M&M 51% MLDL 100% 73.7% 51% 89% MBDL MHPL MHDL MWCDL* Lakewoods Bloomdale Luminare Happinest Palghar Happinest MWCC Nestalgia Happinest Kalyan Aqualily Lakefront Estates 26.3% 49% 11% Actis HDFC Capital TIDCO 11 Note: Includes assets owning SPVs only. Shareholding %a
Slide 15: Residential – Q1FY25 Operational Highlights
RESIDENTIAL – Q1FY25 OPERATIONAL HIGHLIGHTS Gross development value additions: Rs. 1,400 crore society development in Sai Baba Nagar, Borivali (5 societies), our third such project in Mumbai 1.17 msft Sales Volume 0.27 msft 2.47 msft Sales Volume 4.42 msft (RERA Carpet Area: 0.89 msft) Launches (RER
Slide 16: Residential - Quarterly Trend
RESIDENTIAL - QUARTERLY TREND Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Construction Outflow (Rs. Cr) 540 1,086 1019 412 386 311 1.17 276 0.85 455 443 188 345 122 113 100 74 0.68 0.42 0.53 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Lau
Slide 17: 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 32.23 msft 5.72 msft 37.95 msft Footprint Completed 19.20 msft 2.04 msft 21.24 msft Development Ongoing 13.03 msft 3.6
Slide 18: Residential - Premium Portfolio
RESIDENTIAL - PREMIUM PORTFOLIO Ongoing Projects: City / Project Completed Ongoing Area Sales Value Completion Future Total Development Location Name Development Development (A) Sold (Rs. Cr) % Development (B) (A+B) Vista - 0.79 0.70 1030 34% 0.89 1.68 Vicino 0.18 0.09 0.09 161 93% 0.00 0.09 MMR Alc
Slide 19: Residential – Value Homes Portfolio
RESIDENTIAL – VALUE HOMES PORTFOLIO Ongoing Projects: City / Project Completed Ongoing Area Sales Value Completion Future Total Development Location Name Development Development (A) Sold (Rs. Cr) % Development (B) (A+B) Happinest Palghar2 Ph2 - 0.36 0.16 57 44% - 0.36 MMR Happinest Kalyan1 0.34 0.50
Slide 20: Residential - Sustainable Future Cash Flows
RESIDENTIAL - SUSTAINABLE FUTURE CASH FLOWS Estimated Cash Flows (Rs. Cr) Ready to move Ongoing Projects Future Phases New Projects Estimated Cashflow Inventory Sold Units / Estimated Sales^ 104 8,128 4,513 4,913 17,657 (-) Amount already collected - (2,613) - - (2613) (-) Estimated Construction Cos
Slide 21: MLDL IC & IC
Mahindra World City, Jaipur MLDL IC & IC 18 Actual Image
Slide 22: 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 19 Note: Overview includes assets owning SPVs only. Shareholding %ages are rounded to nearest %age and
Slide 23: IC & IC - Operational
IC & IC - OPERATIONAL Q1 FY2025 FY2024 18.8 acres leased to 7 customers for Rs. 76.1* Cr: 119.4 acres leased to 21 customers for Rs. 369.6* Cr: MWC Jaipur: Leased 13.2 acres to 6 customers for MWC Jaipur: Leased 76.1 acres to 11 customers for Rs. Rs. 49.3 Cr 233.5* Cr MWC Chennai: Leased 5.6 a
Slide 24: 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 25: IC & IC – Leased Area
IC & IC – LEASED AREA MWC, Chennai Origins, Chennai Leasable Area*: 1145 acres Unleased Inventory: 60 acres 307 Gross Area 229 Leasable Area* 1,085 12 Leased Area 157 48 60 Leased Unleased MWC Commercial MWC Residential Acres MWC, Jaipur Origins, Ahmedabad Leasable Area*: 1917 acres Unleased Invento
Slide 26: 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 27: IC & IC - Marquee Clientele
IC & IC - MARQUEE CLIENTELE MWC Chennai MWC Jaipur 88 customers (63 operational) 143 customers (84 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 28: 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 29: MLDL Financials
Nestalgia, Pune MLDL Financials RERA Reg No: P52100045784, P52100048473 26 Artist Impression
Slide 30: Financial – Highlights
FINANCIAL – HIGHLIGHTS (Rs. Cr, unless specified) Key Performance Metrics Q1 FY25 Q4 FY24 Q1 FY24 FY24 Sales - Residential 1019 1086 345 2328 Leasing Revenues - IC & IC 76 99 14 370 Total Sales 1095 1185 359 2698 GDV 1400 2040 832 4400 Collections - Residential 540 412 276 1385 Free Cash Flow1 287 2
Slide 31: Financials - Consolidated Profit & Loss A/C
FINANCIALS - CONSOLIDATED PROFIT & LOSS A/C (Rs. Cr, unless specified) Quarter ended Year ended Particulars Q1 FY25 Q4 FY24 Q1 FY24 FY24 Operating Income 188 14 98 212 Other Income 19 40 12 67 Total Income 207 55 110 279 Cost of Projects 169 13 96 190 Operating Expenses 4 0 1 2 Employee Costs 28 18
Slide 32: Financials - Consolidated Balance Sheet
FINANCIALS - CONSOLIDATED BALANCE SHEET (Rs. Cr, unless specified) EQUITY & LIABILITIES Q1 FY25 FY24 ASSETS Q1 FY25 FY24 Equity Share Capital 155 155 Property, Plant and Equipment 21 20 Other Equity 1,731 1,718 Right of Use Assets 5 4 Net Worth 1,887 1,873 Capital Work-In-Progress 1 5 Non-Controllin
Slide 33: Financials - Segment Performance
FINANCIALS - SEGMENT PERFORMANCE (Rs. cr, unless specified) SEGMENT RESULTS – Q1 FY25 Residential IC&IC Area Sold (msft) / Land Leased (acres) 1.17 msft 18.8 acres Income from Operations 227 97 Other Income 25 4 Total Income 252 101 Cost of Sales 198 34 Other Operating Expenses 57 8 Interest and Dep
Slide 34: MLDL Leadership
MLDL Leadership MLDL Annual offsite event 31 Actual Image: MSPIRE 2024
Slide 35: 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 36: MLDL Leadership | Management
MLDL LEADERSHIP | MANAGEMENT Avinash Bapat Jitesh Donga Parveen Mahtani Chief Financial Chief of Design Chief Legal Officer Officer Ameet Hariani Non-Executive Chairman Sudharshan KR Tanmoy Roy Vimalendra Singh Chief Project Chief People Chief Business Officer Officer Officer - Residential Viral Oza
Slide 37: 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 38: 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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