Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q2 FY21 Earnings Presentation
41 slides from Mahindra Lifespace Developers's earnings presentation, Oct 30, 2020
Slide 1: Transforming Urban Landscapes - Mahindra Lifespaces 25 Years
TRANSFORMING URBAN LANDSCAPES FOR mahlndra LIFESPACES 25 YEARS 30 th October 2020 BSE Limited National Stock Exchange of India Limited Corporate Services , Exchange Plaza , Piroze Jeejeebhoy Towers, Sandra Kurla Complex, Dalal Street, Sandra (East) , Mumbai 400051 Mumbai - 400 001 Listing : http://l
Slide 2: Corporate Presentation – Q2 FY21
Actual Image of Antheia, Pune CORPORATE PRESENTATION – Q2 FY21 1
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the "Presentation"), which have been prepared by “Mahindra Lifespace Developers Limited” (the "Company"), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 4: Mahindra Group
MAHINDRA GROUP A federation of companies, bound by one purpose – to Rise. Inspired by this spirit, our legacy and values, our goal to always positively impact our partners, stakeholders, communities and the world at large, remains unshakeable US$ 19.4 BN GROUP REAL ESTATE IS ONE THE KEY SECTORS OF T
Slide 5: Mahindra Lifespaces
MAHINDRA LIFESPACES 21.9% Promoters FPI / FII Business Segments 14.0% DIIs 51.5% 12.6% Others INTEGRATED CITIES & RESIDENTIAL INDUSTRIAL CLUSTERS HOUSING Integrated Cities Industrial Clusters Mid-Premium Affordable • 4437 acres of Developable Area • 629 acres of Developable Area • 21.12 msft of Deve
Slide 6: The Evolution
The Evolution…. • JV with Sumitomo • Partnered with IFC & HDFC • Mahindra Group forays • Launches its first large • JV with SCM Real Corporation for establishing Capital. into the real estate industrial park in North • Rights Issue of Rs. 300 Crs • Mahindra Group forays into the format integrated Es
Slide 7: Awards & Recognitions
Awards & Recognitions ET Best Realty Brands 2015 2015 Mint Strategy Award for Construction, Real Estate and Steel Porter Prize For Excellence In Governance Mahindra Lifespaces ranked 2nd in Asia, in the 2016 ‘Diversified’/’Listed’ category of real estate companies, in the Global Real Estate
Slide 8: Sustainability
Sustainability 1st and only Real Estate Company in India to publish a Sustainability report ar = Global Reporting % - 4 initiatives GRE S B CDP ° _ tthe, £> 5 ry Y 4 m.- . Mahindra TERI Center of * '. Excellence *eecaaet Sean? Research on Materials Database . Building Envelope Studies Environment So
Slide 9: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 8
Slide 10: Operational Highlights
Section 1: Operational Highlights Integrated Cities & Industrial Clusters Residential YTD Q2 YTD Q2 Rs Crs 154 115 MWC, Jaipur acres 8.0 6.3 Sales msft 0.24 0.16 MWC, Chennai acres* 2.6 1.8 Collections (in Rs Crs) 206 134 Total acres 10.6 8.1 Handovers (units) 88 60 Palghar 2: Zero Touch Digital Lau
Slide 11: Financial Highlights
Section 1: Financial Highlights All figures in Rs. Crs For MLDL Consolidated Q2 FY21 Q1 FY21 Q2 FY20 H1 FY21 H1 FY20 (As per IND AS) Total Income 37 22 330 60 450 EBIDTA** -8 -19 20 -27 39 PAT (after Minority Interest) -13 -20 16 -33 29 For MLDL Consolidated H1 FY21 FY20 FY 19 FY 18 (As per IND AS)
Slide 12: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 11
Slide 13: IC & IC Destinations, Motive: Make In India
Section 2: IC & IC 4 Destinations, 1 Motive: Make In India Leading Integrated Industrial Ecosystem: Manufacturing – Services – Skill Development Over 5000 acres of ongoing and Planned to be sustainable at its Presence in the strategic growth forthcoming integrated cities and core, future-ready and f
Slide 14: Mahindra World City
Section 2: IC & IC Mahindra World City Started in 2002, Mahindra World City is India’s first integrated business city, planned as a single destination for both domestic and global companies. The World Cities comprise of co-located Special Economic Zones, Residential & Social Infrastructure Zone, and
Slide 15: Mahindra World City Chennai
Section 2: IC & IC MAHINDRA WORLD CITY CHENNAI 40,000 40,000 39,500 39,500 Total Cumulative Investments by clients: Rs 5259 cr 38,000 Total of 1,120 acres leased to 83 customers (65 Operational) 01 acre leased in Q2FY21 to Graced Retail 10,202 11,428 12,683 12,871 5,425 0.8 acres of outside boundary
Slide 16: Infosys Campus, BMW, Mahindra Research Valley, Chennai
Infosys Campus, Chennai BMW, Chennai Mahindra Research Valley, Chennai 15
Slide 17: Mahindra World City Chennai - Area and Pricing
Section 2: IC & IC MAHINDRA WORLD CITY CHENNAI 5 30 Total Area Procured – 1524 acres | Leasable Area – 1145 acres 4 25 425 425 422 420 4 3.9 3 3.5 20 3.3 3.2 3.1 298 275 3 15 2 24.1 2 10 17.6 1 5 1 7.5 1.2 1.8 0 0 SEZ DTA Resi & Social FY17 FY18 FY19 FY20* H1 FY21* Total Leasable Area (in acres) Lea
Slide 18: Mahindra World City Jaipur
Section 2: IC & IC MAHINDRA WORLD CITY JAIPUR 12,876 13,212 Total Cumulative Investments Company owned IT PARK, 11,334 10,230 by clients: Rs 5192 cr EVOLVE 8,300 Total 844 acres leased to 97 customers (66 Operational) 6.3 acres leased in Q2FY21 to Samridhi Petrochem, Superpowergen 1,245 1,311 1,552
Slide 19: Metlife, JCB, Perto Facility, Jaipur
Metlife, Jaipur JCB, Jaipur Perto Facility, Jaipur MWC Jaipur 18
Slide 20: Mahindra World City Jaipur - Area and Pricing
Section 2: IC & IC MAHINDRA WORLD CITY JAIPUR Total Area Procured – 2913 acres | Leasable Area – 2011 acres 3 80 1026 2.5 70 3 2.0 2.7 60 695 2 50 413 381 2.0 1.9 290 2 40 30 50 1 66.8 44.0 46.2 20 1 23.3 SEZ*** DTA Resi & Social** 10 8.0 Total Leasable Area (in acres) Leased Area (in acres) 0 0 FY1
Slide 21: Origins by Mahindra World City
Section 2: IC & IC ORIGINS by Mahindra World City ORIGINS is a robust industrial ecosystem, created to empower businesses to achieve transformative and accelerated growth, by offering thriving industrial clusters of international standards Hassle free transaction Business Support Services Access to
Slide 22: Origins, Chennai
Section 2: IC & IC ORIGINS, CHENNAI 289 209 In proximity to Ponneri – GOI’s 100 smart city Ponneri Stn 5 KM 38 Chennai City 35 KM Chennai Airport 70 KM Located on High Growth North Chennai Distance from Nearest Ports: Corridor - NH16 Area in acres Chennai P30 KM Ennore 25 KM Kattupalli 25 KM Gross A
Slide 23: Origins, Ahmedabad
Section 2: IC & IC ORIGINS, AHMEDABAD 340 Ahmedabad Airport 77 KM Distance from Nearest Port: Pipava 233 KM Kandla 307 KM Mundra 348 KM Surendranagar Stn 55 KM 221 Ahmedabad Stn 77 KM Located on NH8A on Ahmedabad – Rajkot corridor – DMIC Influence Zone Ahmedabad Area in acres Established industrial
Slide 24: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 23
Slide 25: Residential Business
Section 3: Residential Business Mahindra Lifespaces is driven by its credo of ‘Sell genuinely, Build responsibly, Deliver on time’ to develop innovative, customer-focused solutions that are rooted in a legacy of trust and transparency 17.48 million sq. ft. of 7.60 million sq. ft. of Target metropoli
Slide 26: Residential Sales, Launches and Completions
Section 3: Residential Business 1,500 1.69 1.80 1,300 1.60 1.41 1,100 1.40 1.18 1.16 1,023 1.20 900 0.90 1.00 700 836 818 0.80 500 611 536 0.60 300 0.40 100 0.20 (100) FY16 FY17 FY18 FY19 FY20# - Sales Value (Rs. Crs) Saleable Area (msft) Launches* msft 0.99 0.58 1.17 1.55 0.97 Completi 3.29 0.93 0.
Slide 27: Mid-Premium Ongoing & Forthcoming Projects
Section 3: Residential Business MID-PREMIUM (ongoing & forthcoming projects) Launched Completed Ongoing Balance (To be Area Sold (of Company / Project Size % Completion Region Project Name Development Development Development launched) Ongoing) SPV A B C D E = (A-C-D) F (out of D) MMR Roots MLDL 0.14
Slide 28: Luminare, Lakewoods, Bloomdale
Luminare, NCR (Actual Image) Lakewoods, Chennai (Artistic Image) Bloomdale, Nagpur (Actual Image) 27
Slide 29: Affordable Ongoing and Forthcoming Projects
Section 3: Residential Business AFFORDABLE (ongoing and forthcoming) Launched Completed Ongoing Balance (To Area Sold (of % Project Size Development Development Development be launched) Ongoing) Completion Region Project Name Company / SPV A B C D E = (A-C-D) F (out of D) Happinest Palghar 1 MHDL 0.
Slide 30: Happinest Project Images
Happinest Kalyan: Artistic Impression Happinest Kalyan: Site under construction Happinest Avadi: Site under construction Happinest Palghar I: Actual Image Happinest Palghar I: Actual Image Happinest Avadi: Actual Image 29
Slide 31: Summary of Forthcoming Projects
Section 3: Residential Business SUMMARY OF FORTHCOMING PROJECTS Location Name of the Project Est. Saleable Area msft Subsequent Phases of Existing Projects Mid Premium Vicino 0.19 MMR Mid Premium Serenes 0.10 Affordable Happinest Palghar 2 0.18 NCR Mid Premium Luminare # 0.36 Mid Premium Aqualily 0.
Slide 32: Ready to Move Inventory
Section 3: Residential Business READY TO MOVE INVENTORY Location Project Name Company MLDL Holding Balance units to sell * Happinest Boisar MLDL 100% 144 MMR Vivante MLDL 100% 1 Antheia MLDL 100% 2 Pune L'Artista MLDL 100% 1 Nagpur Bloomdale MBDL 100% 3 NCR Luminare # MHPL 50% 25 Bengaluru Windchime
Slide 33: Sustainable Future Cashflows
Section 3: Residential Business Value (Rs. SUSTAINABLE FUTURE CASHFLOWS Cr) Sales completed in ongoing projects 1380 Less : Amount collected from sales 495 Ongoing & Completed Projects Net amount to be collected on completed sales (A) 885 Estimated sales from finished goods & balance inventory in on
Slide 34: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 33
Slide 35: Financials
Section 4: Financials Particulars (Rs Cr) Q2 FY21 Q1 FY21 Q2 FY20 H1 FY21 H1 FY20 FY20 Income from Operations 30.8 14.3 324.5 45.1 430.7 610.9 Other Income 6.6 7.8 5.4 14.4 19.5 35.0 Total Revenues 37.4 22.1 329.8 59.5 450.1 645.9 Operating Expenses 19.2 5.8 261.9 25.1 327.5 483.0 Employee Remunerat
Slide 36: Segment Results
Section 4: Financials Residential * IC & IC SEGMENT RESULTS (Rs Cr) Q2 FY21 H1 FY21 Q2 FY21 H1 FY21 Area Sold (msft) / Land Leased (acres) 0.16 0.24 8.1 10.6 Sales / Lease Income 115 154 21 29 Total Operating Income 50.9 69.1 37.6 61.6 EBIDTA -19.3 -42.0 24.1 34.0 EBIDTA Margin (%) -38% -61% 64% 55%
Slide 37: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 36
Slide 38: Management
Section 5: Management Non-Executive Chairman Arun K Nanda Managing Director & CEO Arvind Subramanian General Counsel and Company Secretary Chief Legal Officer Chief Financial Officer Chief People Officer Chief Strategy Officer Chief Marketing Officer Suhas Kulkarni Parveen Mahtani Krity Sharma Vimal
Slide 39: Directors
Section 5: Directors Chairman of Mahindra Holidays & Resorts Holds degree in Law from Mr Arun Nanda Chairman Emeritus of the Indo-French Chamber of Commerce and Industry the University of Calcutta, (Chairman) Former Chairman of CII Western Region FCA, FCS Has been associated with the Group f
Slide 40: Thank You
Thank You Investor Relations Contact Mr. Vimal Agarwal Mr. Sumit Kasat Chief Financial Officer Sr. General Manager – Investor Relations Phone : +91-22-67478660 Phone : +91-22-67478645 Email: agarwal.vimal@mahindra.com Email: kasat.sumit@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH
Slide 41: Glossary
GLOSSARY Classification of projects is as under: a. Completed: projects where construction has been completed and occupancy DTA Domestic Tariff Area certificates have been granted by the relevant authorities IC & IC Integrated Cities & Industrial Clusters IGBC Indian Green Building Council IND AS In
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