Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q3 FY21 Earnings Presentation
45 slides from Mahindra Lifespace Developers's earnings presentation, Jan 23, 2021
Slide 1: Transforming Urban Landscapes for 25 Years
TRANSFORMING URBAN LANDSCAPES FOR mahlndra LIFESPACES 25 YEARS 23 rd January 2021 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 – Q3 FY21
Actual Image of eVolve, MWC Jaipur CORPORATE PRESENTATION – Q3 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 21.8% Promoters FPI / FII Business Segments 14.4% Mutual Funds 51.5% 12.4% Others INTEGRATED CITIES & RESIDENTIAL INDUSTRIAL CLUSTERS HOUSING Integrated Cities Industrial Clusters Mid-Premium Affordable • 4437 acres of Developable Area • 629 acres of Developable Area • 21.27 msft
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 : : : Mahindra TERI Center of * Excellence Research on Materisis Database Building Envelope Studies Visual Comfort Database Thermal Comfort Studies Water Related Activities @ “eannet® Environment Social Build
Slide 9: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 8
Slide 10: Section 1: Operational Highlights
Section 1: Operational Highlights Integrated Cities & Industrial Clusters Residential YTD Q3 YTD Q3 Rs Crs 349 195 MWC, Jaipur acres 17.7 9.7 Sales msft 0.54 0.31 MWC, Chennai acres* 10.1 7.5 Collections (in Rs Crs) 503 297 Total acres 27.8 17.2 Handovers (units) 160 72 Completed Development of 0.32
Slide 11: Section 1: Financial Highlights
Section 1: Financial Highlights All figures in Rs. Crs For MLDL Consolidated (As per IND AS) Q3 FY21 Q2 FY21 Q3 FY20 9M FY21 9M FY20 Total Income 70.2 37.4 85.0 129.7 535.1 EBIDTA** -2.9 -7.7 5.9 -29.7 45.4 PAT (after Minority Interest) -11.2 -13.0 1.8 -44.5 30.5 For MLDL Consolidated (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: Section 2: IC & IC Destinations
Section 2: IC & IC 5 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: IC & IC Entities
Section 2: IC & IC Entities engaged in IC&IC segment 89% 74% 100% 100% MWCJL* MIPPL# KTL (Developing MWC Jaipur (Developing Origins (Upcoming park at Pune) Ahmedabad) 60% 11% 26% TIDCO RIICO 40% SUMITOMO . # MIPPL is a strategic partnership between MLDL and IFC. * IFC and MWCJL has formed strategic
Slide 15: 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 16: Mahindra World City Chennai
Section 2: IC & IC MAHINDRA WORLD CITY CHENNAI 1145 Total Cumulative Investments by clients: Rs 5261 cr 1120 237 80 TBA 11 Total of 1,120 acres leased to 80 customers (66 Operational) 7.5 acres leased in Q3FY21 to Revenza Industrial Parks MWC, Chennai Origins Phase II Outside Boundary Leasable Area
Slide 17: Chennai site images
Infosys Campus, Chennai BMW, Chennai Mahindra Research Valley, Chennai 16
Slide 18: 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 2.2 5 1 7.5 1.2 0 0 SEZ DTA Resi & Social FY17 FY18 FY19 FY20* 9M FY21* Total Leasable Area (in acres) Lea
Slide 19: Mahindra World City Jaipur
Section 2: IC & IC MAHINDRA WORLD CITY JAIPUR 13,966 Total Cumulative Investments Company owned IT PARK, 12,876 11,334 by clients: Rs 5271 cr eVolve 10,230 8,300 Total 854 acres leased to 100 customers (66 Operational) 9.7 acres leased in Q3FY21 to Danish Pvt Ltd, Satyam Plastfab, 1,245 1,311 1,552
Slide 20: MWC Jaipur images
Metlife, Jaipur DTA Zone, Jaipur Infosys Circle, Jaipur MWC Jaipur 19
Slide 21: 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 3 695 2.0 2.6 60 2 50 416 388 2.0 1.9 290 2 40 30 50 1 66.8 44.0 46.2 20 1 23.3 SEZ*** DTA Resi & Social** 17.7 10 Total Leasable Area (in acres) Leased Area (in acres) 0 0 FY
Slide 22: 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 23: 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 Ar
Slide 24: Origins Chennai construction images
Yammar facility under construction at Origins Chennai WTP, Electro Mechanical Nissei facility under construction at Origins Chennai Usui facility under construction at Origins Chennai WTP, GSLR Tank 23
Slide 25: Origins Ahmedabad
Section 2: IC & IC ORIGINS AHMEDABAD 340 Ahmedabad Airport 77 KM Distance from Nearest Port: Pipava 233 KM Kandla 280 KM Mundra 335 KM Limdi Stn 30 KM 221 Ahmedabad Stn 77 KM Located on NH47 on Ahmedabad – Rajkot Corridor – DMIC Ahmedabad Influence Zone Area in acres Established industrial corridor
Slide 26: Ahmedabad site images
NH Access, Ahmedabad Site Under construction, Ahmedabad Site Under construction, Ahmedabad 25
Slide 27: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 26
Slide 28: Section 3: 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 17.81 million sq. ft. of 7.90 million sq. ft. of Target metropoli
Slide 29: Entities engaged in Residential segment
Section 3: Residential Business Entities engaged in Residential segment MWCDL 74% 72% 51% 100% 26% MHPL# MHDL* MBDL 100% 28% 49% ACTIS HDFC Capital # MLDL holds an economic interest of 50% * MLDL holds an economic interest of 25% 28
Slide 30: 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 31: Mid-Premium Ongoing & Forthcoming Projects
Section 3: Residential Business MID-PREMIUM (ongoing & forthcoming projects) Balance (To Area Sold Launched Completed Ongoing % Project Size be (of Region Project Name Company /SPV Development Development Development Completion launched) Ongoing) A B C D E = (A-C-D) F (out of D) MMR Roots MLDL 0.14
Slide 32: Project site images
Bloomdale, Nagpur (Actual Image) Roots: Site under construction Bloomdale Site under construction Bloomdale Duplex Site under construction Lakewoods, Chennai (Artistic Image) 31
Slide 33: Affordable Ongoing and Forthcoming Projects
Section 3: Residential Business AFFORDABLE (ongoing and forthcoming) Launched Completed Ongoing Balance (To Area Sold (of % Company / Project Size Region Project Name Development Development Development be launched) Ongoing) Completion SPV A B C D E = (A-C-D) F (out of D) MMR Happinest Palghar 1 MHD
Slide 34: Happinest project images
Happinest Palghar- Commercial : Actual Image Happinest Kalyan: Site under construction Happinest Avadi: Site under construction Happinest Palghar I: Actual Image Happinest Palghar: Site under construction Happinest Avadi: Actual Image 33
Slide 35: 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 MMR Mid Premium Vicino 0.19 Mid Premium Serenes 0.10 Affordable Happinest Palghar 2 0.18 NCR Mid Premium Luminare # * 0.43 Chennai Mid Premium A
Slide 36: Ready to Move Inventory
Section 3: Residential Business READY TO MOVE INVENTORY Balance units to Location Project Name Company MLDL Holding sell Happinest Boisar MLDL 100% 133 MMR Happinest Palghar 1 MHDL 51% 22 Bengaluru Windchimes MHPL 50% 17 Chennai Aqualily Apts MRDL 97% 2 TOTAL 174 35
Slide 37: Sustainable Future Cashflows
Section 3: Residential Business Value (Rs. SUSTAINABLE FUTURE CASHFLOWS Cr) Sales completed in ongoing projects 1326 Less : Amount collected from sales 530 Ongoing & Completed Projects Net amount to be collected on completed sales (A) 796 Estimated sales from finished goods & balance inventory in on
Slide 38: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 37
Slide 39: Section 4: Financials
Section 4: Financials Consolidated Income Statement – In accordance with IndAS (Rs Cr) Q3 FY21 Q2 FY21 Q3 FY20 9M FY21 9M FY20 FY20 Income from Operations 65.2 30.8 78.8 110.3 509.5 610.9 Other Income 5.0 6.6 6.2 19.4 25.6 35.0 Total Revenues 70.2 37.4 85.0 129.7 535.1 645.9 Operating Expenses 47.8
Slide 40: Segment Results
Section 4: Financials Residential * IC & IC SEGMENT RESULTS (Rs Cr) Q3 FY21 9M FY21 Q3 FY21 9M FY21 Area Sold (msft) / Land Leased (acres) 0.31 0.54 17.21 27.78 Sales / Lease Income 195 349 33 62 Income from Operation 258.5 351.0 51.1 112.7 Operating Expenses 229.4 305.8 18.4 39.1 Gross Margins (%)
Slide 41: Agenda
01 HIGHLIGHTS 02 INTEGRATED CITIES AND INDUSTRIAL CLUSTERS 03 RESIDENTIAL BUSINESS 04 FINANCIALS 05 MANAGEMENT & DIRECTORS 40
Slide 42: Section 5: Management
Section 5: Management Non-Executive Chairman Arun K Nanda Managing Director & CEO Arvind Subramanian Chief Legal Officer Chief Financial Officer Chief People Officer Chief Marketing Officer Chief Strategy Officer Parveen Mahtani Vimal Agarwal Krity Sharma Viral Oza Nidhi Seksaria Chief of Design Sr.
Slide 43: Section 5: 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 44: 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 45: 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
Mahindra Lifespace Developers — Q3 FY21 Earnings Presentation on 6ix