Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q4 FY2022 Earnings Presentation
39 slides from Mahindra Lifespace Developers's earnings presentation, Apr 27, 2022
Slide 1: Exchange intimation letter under Regulation 30(2)
April 27, 2022 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: Listing:https://neaps.nseindia.com/NEWLISTINGCORP/ http://listing.bseindia.
Slide 2: Investor Presentation Q4 FY2022
Investor Presentation Q4 FY2022 Mahindra Eden at Bangalore Artist's impression
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 Q4 FY2022
Investor Presentation Q4 FY2022 4
Slide 6: Company journey and milestones
Entry Merger MWC Jaipur SCM JV Sumitomo JV Financial Origins Chennai 100th client at MWC Launch Happinest TERI Partnership Partnership Launch MWC Jaipur Chennai Launch Rights Issue Origins Launch Origins Launch Ahmedabad development IFC Partnership Mahindra Group MRIDL and
Slide 7: Investor Presentation Q4 FY2022
Investor Presentation Q4 FY2022 6
Slide 8: Sustainability recognitions and awards
1st position for MWC Chennai is India’s first Zero waste-water MWC Jaipur received C40 'Plaque Award’ for Special Recognition in Sustainability Performance certified zero waste to landfill city discharge at all facilities Stage 2 Certification Category II - Climate Change ICAI International Sustaina
Slide 9: As on 31st March 2022
As on 31st March 2022 Market Capitalization INR 6,125 cr Shareholding Pattern (%) 20.1% Shares Outstanding 15.45 cr 51.3% 18.8% Free Float 2,978 cr 9.8% Symbol (BSE) / (NSE) 532313 / MAHLIFE Promoters FII MF Others 700 BSE REALTY MAHLIFE Key Institutional Investors 600 ICICI Prudential Asset Managem
Slide 10: Stakeholder preferences and regulatory reforms
Stakeholders Preferences Regulatory Reforms • Buyers' inclination towards renowned • RERA – Transforming the RE landscape developers & ready or near-ready o Shift of purchasing power to buyers inventory o Builder’s accountable for timely delivery & quality • Strong Brand & Parentage • Landowners cho
Slide 11: Strategic targets by 2025
Rs. cr Rs. cr by 2025 by 2025 1028 cr 298 cr Rs. cr Rs. cr msft Exploring allied Target Markets Development Land acquisitions opportunities in potential per every year, worth Land acquisitions across all existing Sales Activation project sales potential of in well-developed locations with lease prem
Slide 12: Q4 FY22 highlights
During Q4FY22, signed an agreement to acquire a land parcel in Kandivali having development potential of msft. Sales Volume Launches Sales Volume Launches (RERA Carpet Area: 0.25 msft) (RERA Carpet Area: 0.80 msft) Sales Value Completions Sales Value Completions Collections Handovers Collections Han
Slide 13: Consolidated results
(Rs. cr, unless specified) CONSOLIDATED RESULTS Q4 FY22 Q3 FY22 Q4 FY21 Income from Operations 161.8 24.3 56.0 Other Income (6.7) 9.0 2.1 Total Income 155.0 33.3 58.1 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates 50.6 (32.9) (38.5) Share in Net Profit / (Loss) of Associates
Slide 14: MLDL Residential
2 MLDL Residential 1 MLDL Overview 2 3 MLDL IC & IC 4 MLDL Financials 5 MLDL Leadership 13
Slide 15: Residential business structure
M&M 51% MLDL 100% 72.5% 51% 74% 89% MBDL MHPL MHDL MITL 26% MWCDL - Bloomdale - Luminare - Happinest Palghar - Lakewoods - MWC Chennai - Happinest Kalyan - Happinest MWCC 27.5% 100% 49% Actis HDFC Capital MRDL - Aqualily Investor Presentation Q4 FY2022 14
Slide 16: Residential projects
1 2 3 Roots, Lakewoods, Happinest Happinest Luminare, Alcove Vicino Mumbai Chennai Kalyan Palghar Ph 1 NCR (Under (Actual (Under (Under (Under (Actual (Actual Construction) Image) Construction) Construction) Construction) Image) Image) Investor Presentation Q4 FY2022 15
Slide 17: Residential annual operating metrics FY18-FY22
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 1.69 1153 1.31 1.28 1.16 963 930 1023 1.07 1028 758 670 695 603 611 328 331 362 288 241 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Launches (msft) Completions (msft) 1.84 1.55 1.27 1.17 1.30 0.97 0.94
Slide 18: Residential quarterly operating metrics
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 0.52 469 0.39 0.40 346 328 303 0.32 308 251 255 0.18 204 171 145 137 110 104 70 51 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Launches (msft) Completions (msft) 0.56 0.96
Slide 19: Ongoing projects: Premium Residential and Value Homes
Premium Residential Total Launched Completed Ongoing Sales Value Completion Area Sold Area Sold Location Project Name Development Development Development Development (Rs. cr) % A B C of C D of D of D of D Roots 0.14 0.14 0.00 NA 0.14 0.14 175 82% MMR Vicino 0.26 0.26 0.00 NA 0.26 0.19 334 76% Alcove
Slide 20: Forthcoming projects
Future Phases of Ongoing Projects New Projects Estimated Saleable Estimated Saleable Location Project Name Location Project Name Area (msft) Area (msft) Meridian (Alibaug)* 0.13 New Project (Dahisar) # 0.86 MMR MMR Happinest Palghar Ph 2 0.18 New Project (Kandivali) 1.70 Happinest Kalyan 2 Ph 2 0.38
Slide 21: Completed projects and balance inventory
Location Project Name Company Balance units to sell NCR Luminare MHPL 1 Chennai Aqualily MRDL 2 Happinest Boisar MLDL 70 Meridian (Alibaug) MLDL 9 MMR Lakewoods MITL 8 Happinest Palghar 1 MHDL 98 TOTAL 188 Happinest Boisar Meridian (Alibaug) Luminare Note: All figures correspond to MLDL and associat
Slide 22: Estimated cash flows
Estimated Cash Flows (Rs. cr) Launched Phases / Projects Value (Rs. cr) Future Phases (To be launched) Value (Rs. cr) New Projects (To be launched) Value (Rs. cr) Sold Units & Estimated Sales ^ 2773 Estimated Sales ^ 1793 Estimated Sales ^ 4087 Less: Amount Collected of Sold Units 905 Less: Estimate
Slide 23: Digital and technology 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 24: MLDL IC & IC
3 MLDL IC & IC 1 MLDL Overview 2 MLDL Residential 3 4 MLDL Financials 5 MLDL Leadership 23
Slide 25: Leased area and average price per acre
Leased Area (Acres) Average Price per Acre (Rs. cr) 2.7 2.6 2.5 110.6 2.3 93.1 2.3 61.6 39.6 46.4 FY18 FY19 FY20* FY21* FY22 Investor Presentation Q4 FY2022 * Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres, FY22: nil) 24
Slide 26: IC & IC business 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 Q4 FY2022 * IFC is a strategic partner in MWCJL & MIPPL. 25
Slide 27: Leasable area and balance inventory
Leasable Area: 1145 acres Balance Inventory in MWCDL Gross Area Leasable Area* 289 Leased Area 1120 60 25 209 237 25 53 MWC Chennai Origins Chennai Ph 2 Acres Leased Unleased Outside MWC Boundary Leasable Area: 2011 acres Balance Inventory Gross Area 340 Saleable Area* Leased Area 255 222 958 1053 5
Slide 28: Leased area, pricing and park O&M income
Leased Area (Acres) Park O&M, Chennai (Rs. cr) 110.6 93.1 23.3 23.3 23.9 22.8 17.7 16.4 17.0 61.6 95 46.2 46.4 44 39.6 15.1 15.4 28.8 23.3 17.6 24.1 1.2 2.2 15.6 FY18 FY19 FY20* FY21* FY22 FY20 FY21 FY22 MWC Chennai MWC Jaipur Origins Chennai Total Income Expenses Average Price Per Acre (Rs. cr) Par
Slide 29: Customers (operational)
customers ( operational) customers ( operational) customers ( operational) Investor Presentation Q4 FY2022 28
Slide 30: Land inventory
Gross Area Land Name Location Development Plan # (acres) Ghodbundar Road, Thane MMR 68 Planned as Mixed-use Development. Under approvals. Murud, Raigad MMR 1291 Under study & evaluation stage. Planned to be developed as Origins, Pune. Under land Pune Pune 500 * aggregation stage to ensure contiguity
Slide 31: MLDL Financials
4 MLDL Financials 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 5 MLDL Leadership 30
Slide 32: Profit & loss statement
PROFIT & LOSS STATEMENT Q4 FY22 Q3 FY22 Q4 FY21 FY22 FY21 Income from Operations 161.8 24.3 56.0 393.6 166.3 Other Income (6.7) 9.0 2.1 14.7 21.6 Total Revenues 155.0 33.3 58.1 408.2 187.8 Operating Expenses 139.4 17.4 44.4 303.1 117.3 Employee Remuneration & Benefits 17.6 20.0 20.1 83.6 75.7 Financ
Slide 33: Balance sheet
EQUITY & LIABILITIES FY22 FY21 ASSETS FY22 FY21 Equity Share Capital 154.5 51.4 Property, Plant and Equipment 11.8 3.8 Other Equity 1,634.0 1,579.7 Right of Use Assets 5.6 0.6 Networth 1,788.5 1,631.1 Capital Work-In-Progress 3.4 14.6 Non-Controlling Interest 49.1 42.0 Investment Property 20.0 20.5
Slide 34: Segment results
Residential IC & IC SEGMENT RESULTS Q4 FY22 FY22 Q4 FY22 FY22 Area Sold (msft) / Land Leased (acres) 0.4 msft 1.28 msft 25 acres 110.6 acres Sales / Lease Income 328 1028 70 297 Income from Operation 205 657 88 367 Other Income 8 32 16 17 Total Income 212 689 105 385 Cost of Sales 182 603 33 112 Gro
Slide 35: MLDL Leadership
5 MLDL Leadership 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 MLDL Financials 5 34
Slide 36: Leadership 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 Busines
Slide 37: 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, M
Slide 38: Investor Relations Contact
Investor Relations Contact Mr. Sumit Kasat Ms. Rabindra Basu Sr. General Manager – Finance & Investor Relations Senior Manager – Investor Relations Email: kasat.sumit@mahindra.com Email: basu.rabindra@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 th 5 Floor, Mahindra T
Slide 39: 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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