Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q3 FY2023 Earnings Presentation
38 slides from Mahindra Lifespace Developers's earnings presentation, Feb 2, 2023
Slide 1: Exchange intimation letter under Regulation 30(2)
2nd February, 2023 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/NEWLIST
Slide 2: Investor Presentation Q3 FY2023
INVESTOR PRESENTATION Q3 FY2023 Mahindra Happinest, MWC 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 th
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 Q3&9M FY2023
Investor Presentation Q3&9M FY2023 4
Slide 6: Company journey and milestones
Entry Merger MWC Jaipur SCM JV Sumitomo JV Financial Origins Chennai • JV with Actis to MWC Launch Happinest TERI Partnership Partnership Launch develop industrial & Chennai Launch Rights Issue Origins logistics real estate Launch Origins Launch Ahmedabad facilities development
Slide 7: Investor Presentation Q3&9M FY2023
Investor Presentation Q3&9M FY2023 6
Slide 8: Sustainability awards and certifications
IGBC - Project Award: Best Waste Management MWC Chennai - India’s first India’s 1st Net Zero Energy MWC Jaipur received C40 Award certified zero waste to landfill city Stage 2 Certification Mahindra Eden Residential Building (IGBC Net Zero Energy Building - Design 2022) (Environment category) Invest
Slide 9: As on 31st December 2022
As on 31st December 2022 Market Capitalization INR 5,628 cr Shareholding Pattern (%) 18.6% Shares Outstanding 15.45 cr 51.3% 19.0% Free Float 2,740 cr 11.1% Symbol (BSE) / (NSE) 532313 / MAHLIFE Promoters FII MF Others 800 BSE REALTY MAHLIFE Key Institutional Investors 700 Kotak Mahindra Asset Manag
Slide 10: Stakeholder preferences and regulatory reforms
Stakeholders Preferences Regulatory Reforms • Buyers' inclination towards trusted • RERA – Transforming the RE landscape developers with a strong delivery track o Shift of purchasing power to buyers record o Builder’s accountable for timely delivery & quality • Strong Brand & Parentage • Landowners
Slide 11: Targets by 2025 and growth strategy
Rs. cr Rs. cr by 2025 by 2025 1028 cr 298 cr Rs. cr Rs. cr msft Exploring allied Development Land acquisitions opportunities in Target Markets 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: Sales volume, launches and completions
Sales Volume Launches Sales Volume Launches (RERA Carpet Area: 0.38 msft) (RERA Carpet Area: 1.08 msft) Sales Value Completions Sales Value Completions Collections Handovers Collections Handovers Investor Presentation Q3&9M FY2023 11
Slide 13: Consolidated results
(Rs. cr, unless specified) CONSOLIDATED RESULTS Q3 FY23 Q2 FY23 Q3 FY22 Income from Operations 186.9 69.8 24.3 Other Income 11.2 4.0 9.0 Total Income 198.1 73.8 33.3 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates 27.1 (41.1) (32.9) Share in Net Profit / (Loss) of Associates 5
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% MHDL MWCDL* MBDL MHPL - Lakewoods - Happinest Palghar - Bloomdale - Luminare - Happinest MWCC - Happinest Kalyan - Aqualily 27.5% 49% Actis HDFC Capital Investor Presentation Q3&9M FY2023 * MITL and MRDL merged into MWCDL wef 30th Dec 2022 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 Q3&9M FY2023 15
Slide 17: Residential performance 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 performance
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 0.65 0.61 469 0.7 0.47 0.6 0.40 0.5 308 304 271 286 0.32 0.4 0.3 137 0.2 104 93 451 70 75 0.1 251 328 602 399 0 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Launches (msft)
Slide 19: Premium Residential and Value Homes projects
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 0.14 178 92% MMR Vicino 0.26 0.26 0.08 0.08 0.19 0.18 313 76% Alco
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) 0.18 New Project (Dahisar) # 0.86 MMR Happinest Palghar Ph 2 0.18 MMR New Project (Kandivali) 1.68 Happinest Kalyan 2 Ph 2 0.50
Slide 21: Balance units to sell
Location Project Name Company Balance units to sell NCR Luminare MHPL 1 Pune Centralis MLDL 1 Lakewoods MITL 1 Chennai Aqualily MRDL 2 Vicino MLDL 1 Happinest Boisar MLDL 55 MMR Meridian (Alibaug) MLDL 5 Happinest Palghar 1 MHDL 86 TOTAL 152 Happinest Boisar Meridian (Alibaug) Happinest Palghar 1 No
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 ^ 4976 Estimated Sales ^ 3397 Estimated Sales ^ 3417 Less: Amount Collected of Sold Units 1462 Less: Estimat
Slide 23: MLDL IC & IC
3 MLDL IC & IC 1 MLDL Overview 2 MLDL Residential 3 4 MLDL Financials 5 MLDL Leadership 22
Slide 24: Leased area and average price per acre
Leased Area (Acres) Average Price per Acre (Rs. cr) 2.7 2.9 2.6 2.5 2.3 110.6 93.1 89.0 39.6 46.4 FY19 FY20* FY21* FY22 9MFY23 Investor Presentation Q3&9M FY2023 * Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres, FY22: nil) 23
Slide 25: 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 Q3&9M FY2023 * IFC is a strategic partner in MWCJL & MIPPL. 24
Slide 26: Leasable area and balance inventory
Leasable Area: 1145 acres Balance Inventory in MWCDL Gross Area 307 Leasable Area* 24 Leased Area 1121 98 227 64 237 69 24 MWC Commercial Origins Chennai Ph 2 Acres Leased Unleased Outside MWC Boundary MWC Residential Leasable Area: 2011 acres Balance Inventory Gross Area 340 Saleable Area* Leased A
Slide 27: Leased area, park O&M and price per acre
Leased Area (Acres) Park O&M, MWC Chennai (Rs. cr) 110.6 93.1 23.3 23.3 23.9 22.8 17.7 16.4 17.0 61.6 39.6 46.4 95 46.2 44 15.4 15.1 24.1 23.3 28.8 17.6 15.6 1.2 2.2 FY18 FY19 FY20* FY21* FY22 FY20 FY21 FY22 MWC Chennai MWC Jaipur Origins Chennai Total Income Expenses Average Price Per Acre (Rs. cr)
Slide 28: Customers (operational)
customers ( operational) customers ( operational) customers ( operational) Investor Presentation Q3&9M FY2023 27
Slide 29: Land inventory
Gross Area Land Name Location Development Plan # (acres) Land conveyance completed 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
Slide 30: MLDL Financials
4 MLDL Financials 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 5 MLDL Leadership 29
Slide 31: Profit & loss statement
PROFIT & LOSS STATEMENT Q3 FY23 Q2 FY23 Q3 FY22 9M FY23 9M FY22 Income from Operations 186.9 69.8 24.3 351.2 231.8 Other Income 11.2 4.0 9.0 38.1 21.4 Total Revenues 198.1 73.8 33.3 389.3 253.2 Operating Expenses 154.8 64.8 17.4 302.4 163.7 Employee Remuneration & Benefits 18.9 20.7 20.0 60.8 66.1 F
Slide 32: Equity & liabilities and assets
EQUITY & LIABILITIES Q3 FY23 FY22 ASSETS Q3 FY23 FY22 Equity Share Capital 154.6 154.5 Property, Plant and Equipment 14.5 11.8 Other Equity 1,651.9 1,634.0 Right of Use Assets 3.5 5.6 Networth 1,806.5 1,788.5 Capital Work-In-Progress - 3.4 Non-Controlling Interest 0.1 49.1 Investment Property 19.5 2
Slide 33: Segment results
Residential IC & IC SEGMENT RESULTS Q3 FY23 9M FY23 Q3 FY23 9M FY23 Area Sold (msft) / Land Leased (acres) 0.61 msft 1.73 msft 24.5 acres 89 acres Sales / Lease Income 451 1452 69 255 Income from Operation 184 357 86 352 Other Income 15 46 2 5 Total Income 199 404 88 357 Cost of Sales 160 321 46 143
Slide 34: MLDL Leadership
5 MLDL Leadership 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 MLDL Financials 5 33
Slide 35: Leadership team
Non-Executive Chairman Ameet Hariani 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 Busi
Slide 36: Board of directors
Mr. Ameet Hariani Mr. Arvind Subramanian Dr. Anish Shah (Chairman and Non-Executive- Independent Director) (MD & CEO) (Non-Executive, Non Independent Director) Holds master’s degree in Law from the B.Tech, from IIT, Madras and MBA from IIM, Ph.D. - Carnegie Mellon’s Tepper Business Mumbai Univ
Slide 37: Investor Relations Contact
Investor Relations Contact Mr. Rabindra Basu Head Investor Relations Email: basu.rabindra@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 th 5 Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/ 6747 8601 | Fax: 022 2497 5084 36
Slide 38: 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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