Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q3 FY2025 Earnings Presentation
42 slides from Mahindra Lifespace Developers's earnings presentation, Jan 31, 2025
Slide 1: Stock exchange intimation letter
January 31, 2025 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 Re: Security BSE NSE ISIN Equity Shares 532313 MAHLIFE INE813A01018 Sub: Intimatio
Slide 2: Letter signature and enclosure
The same in also uploaded on the website of the Company at https://www.mahindralifespaces.com/investor-center/?category=investor-presentation. Yours faithfully, For Mahindra Lifespace Developers Limited BIJAL Digitally by BIJAL signed BHARAT BHARAT PARMAR PARMA Date: 2025.01.31 R 20:21:52 +05'30' Bi
Slide 3: Investor Presentation Q3 FY2025
Mahindra IvyLush, Pune Investor Presentation Q3 FY2025 MahaRERA:P52100055161, P52100055162, P52100078592 Artistic Impression 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
Nestalgia, Pune MLDL Overview RERA Reg No: P52100045784, P52100048473 Artistic Impression 2
Slide 6: The Mahindra Group
THE MAHINDRA GROUP $ $23B+ 260,000+ 100+ 20+ GROUP TURNOVER EMPLOYEES COUNTRIES INDUSTRIES India’s number 1 SUV manufacturer by revenue Pioneering IC&IC business and residential market share; strong pipeline of EV products developments World’s largest tractor company by volume Number 1 timeshare com
Slide 7: Mahindra Group created significant value; MLDL a key priority
Mahindra Group created significant value in the last two decades; MLDL a key priority for the Group Market cap as +94 on 31st Dec’24: Market cap of M&M Limited Rs 360K Cr (Rs K Cr) 238 Mahindra Lifespaces is identified as +45 a Growth Gem by Mahindra Group +57 Mahindra Group fully committed to 144 s
Slide 8: MLDL at a Glance
MLDL AT A GLANCE Rs 7,177 Cr Market Cap as on 31st Dec’24 Residential Business IC&IC Business 50+ projects since 1996 (39.44 msft); 2 World Cities, 3 Industrial parks; 19k+ satisfied customers Industrial Developer since 1994 Strategic partnerships with Actis and Strategic partnerships with TIIDCO, H
Slide 9: Our Journey So Far
OUR JOURNEY SO FAR All figures are in Rs Cr Total Sales Gross Development Value 4,400 2,698 778 991 FY20 FY24 FY20 FY24 Free Cash Flow Net Debt 639 610 640 163 FY20 FY24 FY20 FY24 6
Slide 10: Key Industry Drivers
KEY INDUSTRY DRIVERS Increasing urbanization… …Household income… Low Lower Mid Upper Mid High 3% 7% 40% 21% 31% 44% Lower Mid and 33% Upper Mid Segment to increase from 34% ~54% to ~78% 43% 15% CY11 CY30 CY18 CY30F Avg. HH Income/ per cap ~7.5 L / 1.4 L ~15 L / 3.5 L …& Regulatory reforms… …Have led
Slide 11: Stock Performance and Drivers
STOCK PERFORMANCE AND DRIVERS Stock generated 40% CAGR over the past 4 years Shareholding Pattern (%) BSE SENSEX BSE REALTY MAHLIFE Mahindra Group 19.6% 3.8x MFs 3.3x 10.0% 51.2% FIIs 1.6x 19.2% Others 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 Key Drivers Key Institutional Investors Scale-up
Slide 12: Accolades
ACCOLADES We have been recognized in many areas i.e., Home-Buying Experience, and Technology-led Campaigns Construction Excellence Sustainability Green Townships Rating: Real estate Company of the year – West Carbon Disclosure ‘Platinum’– MWC Chennai Decarbonization Project 2022, 2023 & Green Homes
Slide 13: MLDL Has a Strong Right to Win
MLDL HAS A STRONG RIGHT TO WIN Bold ambition Drive profitable growth to 8K - 10K Cr sales (GDV addition of Rs 45K Cr) 1 Well-engineered portfolio choices Depth in 3 core markets (MMR, Pune, Bengaluru) Focus on Premium / mid-premium segments 2 Robust BD engine Systematic BD process, supersized deals
Slide 14: 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 Unlocking value (Rs 1,500- Rs 45K Cr of “WOW” customer Planned funding Accelerated 2,000 Cr of PAT over the next cumulative GDV experience to suppor
Slide 15: High Visibility to Our Resi Growth Plan
HIGH VISIBILITY TO OUR RESI GROWTH PLAN 45,000 GDV to be Acquired: GDV Potential ~Rs 9,500 Cr (Rs Cr) GDV Acquired: ~Rs 35,500 Cr Current Future Phases of New Projects (Recent Strategic Total GDV Potential Inventory (A) Current Projects (B) GDV Additions) (C) Projects (D) (A+B+C+D) • IvyLush Ph 1 (C
Slide 16: MLDL Residential
Mahindra Citadel, Pune MLDL Residential RERA Reg No: P52100053012, P52100053150 Artist’s Impression 13
Slide 17: 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 Note: Includes assets owning SPVs only. Shareholding %ages
Slide 18: Residential – Q3 & 9M FY25 Operational Highlights
RESIDENTIAL – Q3 & 9M FY25 OPERATIONAL HIGHLIGHTS 0.45 msft 2.15 msft Sales Volume 0.67 msft Sales Volume 1.36 msft (RERA Carpet Area: Launches (RERA Carpet Area: Launches 0.33 msft) 1.62 msft) 0.56 msft 0.56 msft Rs 334 Cr Q3 0.09 msft Completions Rs 1,749 Cr 9M 0.19 msft Completions Sales Value FY
Slide 19: GDV Additions of Rs 15,000 Cr so far this year
GDV Additions of Rs 15,000 Cr so far this year Borivali West, Electronic City, Bhandup, Near Airport, Location Mumbai Bengaluru Mumbai Bengaluru Acreage 3.7 2.4 36.9 8.2 Date of Acquisition Jul’24 Jul’24 Nov’24 Jan’25 GDV (Rs Cr) ~1,800 250 ~12000 1,000 • Borivali West is • Located adjacent • Strate
Slide 20: Residential - Quarterly Trend
RESIDENTIAL - QUARTERLY TREND Pre-Sales Value (Rs. Cr) Pre-Sales Volume (msft) Collections (Rs. Cr) Work Done (Rs. Cr) 540 1,086 459 1019 412 386 366 0.85 1.17 443 397 188 334 117 131 100 74 0.53 0.45 0.53 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Launches (msft
Slide 21: Residential - Scale of Operations
RESIDENTIAL - SCALE OF OPERATIONS MLDL is pioneering development of green homes and thoughtfully designed living spaces Ongoing Projects Development Footprint^ Area Total footprint A1 sold 7.52 msft A for Ongoing projects 13.83 msft Current New projects (excluding A2 inventory 3.20 msft B Strategic
Slide 22: Residential – Portfolio Summary (1/2)
RESIDENTIAL – PORTFOLIO SUMMARY (1/2) Ongoing Projects Area Sales Current Inventory Project Future Phases of Value of Total Project Sold Value Inventory Value Completion Ongoing Projects Future Phases Development Name (msft) (A) (Rs Cr) (msft) (B) (Rs Cr) (%) (msft) (C) (Rs Cr) (msft) (A+B+C) Vista
Slide 23: Residential – Portfolio Summary (2/2)
RESIDENTIAL – PORTFOLIO SUMMARY (2/2) New Projects & Strategic Projects Future Estimated GDV Project Development potential Segments Name (msft) (Rs Cr) Near Bengaluru Airport 0.95 1000 Whitefield, Bengaluru 1.36 1800 Whitefield 2, Bengaluru 0.22 250 New Projects (Recent GDV Electronic City, Bengalur
Slide 24: Residential - Sustainable Future Cash Flows
RESIDENTIAL - SUSTAINABLE FUTURE CASH FLOWS Strategic projects (Bhandup, Thane, Pink and Murud) referred in slide 12 are not included in the Cash flow estimates Estimated Cash Flows (Rs Cr) Ready to move Ongoing Projects (incl. Future Phases of New Projects (Recent Estimated Inventory Current Invent
Slide 25: MLDL IC & IC
Mahindra World City, Jaipur MLDL IC & IC 22 Actual Image
Slide 26: 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 Note: Overview includes assets owning SPVs only. Shareholding %ages are rounded to nearest %age and bas
Slide 27: IC&IC Business Summary
IC&IC BUSINESS SUMMARY Gross Net Leasable Net Leased Available for lease area area area net IC&IC (acres) (acres) (acres) (acres) Locations (A) (B) (C) (D = B-C) MWC Jaipur 2,946 1,917 1,100 817 MWC Chennai 1,594 1,216 1,091 125* Origins Chennai 1 307 229 161 68 Origins Chennai 2 240 163 0 163 Origi
Slide 28: IC & IC - Operational
IC & IC - OPERATIONAL Q3 FY2025 9M FY2025 12.4 acres leased to 5 customers for Rs 45.7 Cr: 47.3 acres leased to 18 customers for Rs 208.9 Cr: MWC Jaipur: Leased 7.9 acres to 3 customers for Rs 31.0 Cr MWC Jaipur: Leased 37.2 acres to 15 customers for Rs 143.4 Cr Origins Chennai: Leased 4.5 acr
Slide 29: 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 30: IC & IC – Leased Area
IC & IC – LEASED AREA MWC, Chennai Origins, Chennai Leasable Area*: 1146 acres Unleased Inventory: 75 acres# 307 Gross Area 229 Leasable Area* 1,071 Leased Area 161 48 19 75 8 Leased Unleased MWC Residential DTA MWC Commercial Acres MWC, Jaipur Origins, Ahmedabad Leasable Area*: 1917 acres Unleased
Slide 31: 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 22.1 23.9 29.2 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 Ch
Slide 32: IC & IC - Marquee Clientele
IC & IC - MARQUEE CLIENTELE MWC Chennai MWC Jaipur 90 customers (66 operational) 149 customers (93 operational) Central Avenue DTA Zone Origins Chennai Origins Ahmedabad 15 customers (6 operational) NH Access Planned Planned Construction Construction 29
Slide 33: MLDL Financials
Green Estates, Chennai MLDL Financials RERA Reg No: P51700076963 Artist’s Impression 30
Slide 34: Financial – Highlights
FINANCIAL – HIGHLIGHTS (Rs Cr, unless specified) IC&IC Leasing Sales Residential GDV Revenues 9M FY25 – Rs 1749 Cr 9M FY25 – Rs 209 Cr 9M FY25 – Rs 14050 Cr Q3 FY25 - Rs 334 Cr Q3 FY25 - Rs 46 Cr Q3 FY25 - Rs 12000 Cr (9M FY24 – Rs 1243 Cr (9M FY24 – Rs 270 Cr (9M FY24 – Rs 2360 Cr Q3 FY24 – Rs 443
Slide 35: Financials - Consolidated Profit & Loss A/C
FINANCIALS - CONSOLIDATED PROFIT & LOSS A/C (Rs Cr, unless specified) PROFIT & LOSS STATEMENT 9M FY25 9M FY24 Q3 FY25 Q3 FY24 Income from Operations 363 198 167 82 Other Income 45 27 19 7 Total Revenues 408 225 186 89 Operating Expenses 318 179 142 72 Employee Remuneration & Benefits 85 66 28 24 Fin
Slide 36: Financials - Consolidated Balance Sheet
FINANCIALS - CONSOLIDATED BALANCE SHEET (Rs Cr, unless specified) EQUITY & LIABILITIES 31st Dec 24 31st Mar 24 ASSETS 31st Dec 24 31st Mar 24 Equity Share Capital 155 155 Property, Plant and Equipment 14 20 Other Equity 1,655 1,718 Right of Use Assets 6 4 Net Worth 1,810 1,873 Capital Work-In-Progre
Slide 37: Financials - Segment Performance
FINANCIALS - SEGMENT PERFORMANCE (Rs Cr, unless specified) Residential IC & IC SEGMENT RESULTS Q3 FY25 9M FY25 Q3 FY25 9M FY25 Area Sold (msft) / Land Leased (acres) 0.45 msft 2.15 msft 12.36 acres 47.26 acres Sales / Lease Income 334 1749 46 209 Income from Operations 179 431 65 268 Other Income 24
Slide 38: MLDL Leadership
Mahindra World City, Chennai MLDL Leadership Actual Image 35
Slide 39: MLDL Leadership | Directors
MLDL LEADERSHIP | DIRECTORS Mr. Ameet Hariani Dr. Anish Shah Mr. Anuj Puri Ms. Amrita Chowdhury Chairman and Non-Executive, Non-Executive, Non-Executive, Non-Executive, Non-Independent Director Independent Director Independent Director Independent Director • Chartered Accountant and Fellow of the •
Slide 40: MLDL Leadership | Management
MLDL LEADERSHIP | MANAGEMENT Avinash Bapat Abhimanyu Mathur Jitesh Donga Chief Financial Chief Marketing Chief of Design Officer Officer Ameet Hariani Non-Executive Chairman Parveen Mahtani Sudharshan KR Tanmoy Roy Chief Legal Officer Chief Project Chief Human Officer Resources officer Vimalendra Si
Slide 41: Thank You
Thank You Investor Relations Contact Mr. Sriram Kumar Vice President – FP&A, Costing & IR Email: KUMAR.SRIRAM@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
Slide 42: 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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