Slide 1: Exchange filing cover letter: Investor Presentation
February 8, 2025 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 544008 SYMBOL: MAXESTATES Sub: Investor Presentation Dear Sir/ Madam, Pursuant to Regulation 3
Slide 2: Investor Presentation
Investor Presentation An overview of Max Estates’ journey February 2025
Slide 3: Key highlights
Key highlights Surpasses revised FY25 Pre-Sales Guidance in first 9 Months, achieving Rs. 5,200 Cr on YTD (YoY growth of ~300%) with Rs. 724 Cr+ collection • With the successful launch of Estate 128-II, Noida and Estate 360, Max Estates’ recently launched residential project in Residential sales Gur
Slide 4: Guidance vs actual
Guidance vs actual Achievement over Particulars FY 24 Guidance FY 24 Actuals FY 25 Guidance YTD Dec 24 Status Guidance 4,000 Pre sales (Rs. Cr) 1,300 1,844 1.4 x ~5,200 Revised to 4,800-5,200 4,000 Launches (GDV Rs. Cr) 1,300 1,844 1.4 x ~5,650 Revised to 4,800-5,200 Residential – 1mn Residential –
Slide 5: Consolidated synopsis of residential pre-sales booking value and collection
Consolidated synopsis of residential pre-sales booking value and collection – as on date Status upto December 2024 Particulars Mn Sqft GDV Rs. Cr Launched 3.8 7,568 Sold till date 3.6 7,035 To be sold 0.2 533 Collections (Rs. Cr) Project wise details (Rs. Cr) Particulars Total Estate 128 Particulars
Slide 6: Pre sales booking value and annuity rental income trajectory
Pre sales booking value and annuity rental income trajectory Estimates Residential – pre-sales / booking value (Rs. Cr) Commercial –annuity portfolio (100%2) (Rs. Cr) Rental - 723 Already acquired To be acquired Under construction Sector 105- 140 Completed Delhi One – 120 21,000 Max 65 – 200 7,000 M
Slide 7: Content
1 About Max Estates Content 2 Q3 FY 25 business highlights 3 Growth outlook 4 Execution enablers 5 Q3 FY 25 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 5
Slide 8: About Max Estates
1 About Max Estates 2 Q3 FY 25 business highlights 3 Growth outlook 4 Execution enablers 5 Q3 FY 25 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 6
Slide 9: Our Product-market segments: One region multiple asset class
About Max Our Product- market segments : One region multiple asset class Estates Residential Projects LiveWell Experiences LiveWell envisions to enhances and enriches the quality of life of its occupiers by building a confluence of spaces that enables comfort, healthy living, and community experienc
Slide 10: Residential projects - launched
About Residential projects - launched Max Estates Representative image Representative image Representative image Estate 128, Sector 128, Noida (Phase 1 and Phase 2) Estate 360, Sector 36A, Gurugram 10 ~1.35 268 11.80 ~2.40 864 Acre land parcel Mn sq. ft. of Total number of Acre land parcel Mn sq. ft
Slide 11: Construction update
About Max Construction update Estates Estate 128, Noida As on 5th Feb 2025 – Ninth floor slab is completed Estate 360, Gurugram As on 5th Feb 2025 – Sub- structure work in progress 9
Slide 12: Projects – to be launched
About Max Estates Projects – to be launched Representative image Representative image Representative image New Opportunity Delhi One New Acquisition Artistic Rendition (Gurugram) (Sector 16B, Noida) (Sector 105, Noida) Development Potential ~4.0 mn. sq. ft. ~2.5 mn. sq. ft. ~2.6 mn. sq. ft. Developm
Slide 13: New York Life – Our strategic partner in the commercial real estate business
About Max New York Life – Our strategic partner in the commercial real Estates estate business Founded in 1845, New York Life is a Financial Since 2001, partnered with Max group to form Max New York Services Company and the largest mutual life Life Insurance Company Limited with 26% ownership, which
Slide 14: Commercial projects in operation
About Commercial projects in operation Max Estates Max Towers, Sector 16B, Noida Max House – I, Okhla, Delhi • Weighted average rental: ~Rs. 124 per sq. • Weighted average rental: ~Rs. 143 per sq. ft. ft. per month per month • WALE1: 4.5 years • WALE1: 5.6 years • Occupancy: 100% • Occupancy: 100% •
Slide 15: Commercial projects in operation
About Commercial projects in operation Max Estates Max Square, Sector 129, Noida Max House – II, Okhla, Delhi • Weighted average rental: ~Rs. 76 per sq. ft. • Weighted average rental: ~Rs. 160 per sq. ft. per per month month • WALE1: 7.34 years • WALE1: 7.9 years • Occupancy: 93% • Occupancy: 100% •
Slide 16: Commercial projects under Design and Development
About Commercial projects under Design and Development Max Estates Representative image Representative image Artistic Rendition Representative image Max Square Two, Sector 129, Noida Max 65, Sector 65, Gurugram ~4 ~0.9 ~0.2 7.15 ~1.6 ~200+ Acre land parcel Mn sq. ft. of office Mn sq ft of retail Acr
Slide 17: Construction update
About Construction update Max Estates Max Square Two, Noida As on 5th Feb 2025 – Foundation work undergoing Max 65, Gurugram As on 5th Feb 2025 – Foundation work undergoing 15
Slide 18: Q3 FY25 business highlights
1 About Max Estates 2 Q3 FY 25 business highlights 3 Growth outlook 4 Execution enablers 5 Q3 FY 25 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 16
Slide 19: Max Estates Limited – 9M FY25 Performance Highlights
FY24 Highlights Max Estates Limited – 9M FY25 Performance Highlights Total Leased Area as on date Capital Structure ~1.2 Mn sq. Ft. Equity Capital: Rs. 2,626 Cr. 1 (Max Estates share: Rs. 2,260 Cr) Lease Rental Incomes Debt as on December 2024 9M FY25 – Rs. 83 Cr External Debt : Rs. 1,125 Cr2 (Inclu
Slide 20: Growth outlook
1 About Max Estates 2 Q3 FY 25 business highlights 3 Growth outlook 4 Execution enablers 5 Q3 FY 25 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 18
Slide 21: Indicative Growth Pipeline in the near term
Indicative Growth Pipeline in the near term Residential / SBUA Project Location Type Stage Commercial (sq. ft.) Gurugram Residential 1.3 Mn Outright Definitive Documentation Delhi Residential 0.1 Mn JDA Commercial negotiation Delhi Residential 4.1 Mn JDA Consortium formation Delhi Residential 0.1 Mn
Slide 22: Execution enablers
1 About Max Estates 2 Q3 FY 25 business highlights 3 Growth outlook 4 Execution enablers 5 Q3 FY 25 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 20
Slide 23: Key execution enablers
Execution Enablers Key execution enablers Talent depth Strong Brand Equity and diversity Customer Experience Institutionalization centricity of Processes Sustainability and Technology ESG focus enabled execution 21
Slide 24: Board of Directors – Max Estates
Talent depth and diversity Execution Enablers Board of Directors – Max Estates Anthony R. Malloy Atul B. Lall Non-Executive Director Non-Executive Director • Executive Vice President and Chief Investment • Managing Director and Vice Chairman of Dixon Officer of New York Life Insurance Company. Techn
Slide 25: Experienced Management team
Talent depth and diversity Execution Experienced Management team … with mix of real and non Enablers real estate background Rishi Raj K S Ramsinghaney COO – Max Estates Senior Advisor - Max Estates • Ex-COO, Centre of Expertise for Strategy & • Over 45 years of experience; 9 yrs. with Max Health Cor
Slide 26: Supported by dedicated and experienced teams across key verticals (1/2)
Talent depth and diversity Execution ..supported by dedicated and experienced teams across key Enablers verticals (1/2) Non exhaustive 14+ 25+ 14+ 14+ Anshul Gaurav Archit Goyal AVP & P&L Head Amit Srivastava Arjun Gandhi Senior General Manager- (Commercial) Head - Sales Head - Marketing Corporate F
Slide 27: Supported by dedicated and experienced teams across key verticals (2/2)
Talent depth and diversity Execution ..supported by dedicated and experienced teams across key Enablers verticals (2/2) Non exhaustive 13+ 26+ 30+ 24+ Atul Kundalia Anil Mishra Gaurav Dewan Parveen Singh General Manager – Senior General Manager – AVP and Head – General Manager – Engineering Projects
Slide 28: Institutionalizing internal processes to enable seamless execution at scale
Institutionalization of Processes Execution Institutionalizing internal processes to enable seamless Enablers execution at scale 13 Verticals identified as follows Sales Planning CRM Safety Construction Marketing Quality RERA Management Design Finance & Asset HR & Payroll Management Accounts managem
Slide 29: Suite of digital interventions across value chain in progress
Technology enabled execution Execution Suite of digital interventions across value chain in progress Enablers Non exhaustive Clairco FacTech AutoDesk Ozonetel Smart Joules Sales Force Construction Cloud Solution to provide Tenant Building Call center software An AI-based energy Industry best enhanc
Slide 30: Driving impactful Sustainability initiatives
Sustainability & ESG focus Execution Driving impactful Sustainability initiatives Enablers Implemented Sustainable Initiatives FY25 Priorities FY25 Achievements Non exhaustive • Integration of double-glazing units and IoT-based • Achieving BEE Star rating for Max Towers • Deferred BEE Star ratings a
Slide 31: Measuring Progress – Ratings & Certifications
Sustainability & ESG focus Execution Measuring Progress – Ratings & Certifications Enablers Operational Assets Upcoming Portfolio Non exhaustive IGBC Platinum WELL Health & LEED Platinum LEED Platinum ISO -9001 LEED IGBC Platinum Rated for Safety Rating1 pre-certified for Certified for ISO -14001 Op
Slide 32: Key Sustainability Initiatives & Targets for FY26
Sustainability & ESG focus Execution Key Sustainability Initiatives & Targets for FY26 Enablers Non exhaustive Scope 3 LCA Calculation Initiate and formalize Net Zero Goal Setting Initiate calculation of scope Life Cycle Assessment Establishing Net Zero Targets for 3 emissions across portfolio of al
Slide 33: Contributing back to society is at the core of how we approach the business
Sustainability and ESG focus Execution Contributing back to society is at the core of how we Enablers approach the business Max Estates and Max India Foundation (CSR arm of Max Max Estates and Max India Foundation (CSR arm of Max Group) collaborate to Group) collaborate to improve communities by eng
Slide 34: We intentionally design an ecosystem of amenities
Customer Experience centricity Execution We intentionally design an ecosystem of amenities … Enablers Daycare Forest Courtyard Cafeteria Meditation Room Event Spaces Food Court Retail Stores A work environment that is good for people is great for business Source: Internal Company Documents 32
Slide 35: Curate engaging events to elevate Customer Experience
Customer Experience centricity Execution …and curate engaging events to elevate Customer Experience Enablers Exciting Pulse1 Improved F&B mix Organize sports events at The Hub activities Bringing life into Our buildings 1-Pulse: An in-house customer experience vertical 33 Source: Internal Company Do
Slide 36: Building Awareness of Max Estates brand story
Strong Brand Equity Execution Building Awareness of Max Estates brand story Enablers Social Media Platforms Non exhaustive Outdoor and Print Media Launched a comprehensive campaign on all social media platforms to implement organic and lead generation (Instagram, Facebook, LinkedIn, X) • Website Tra
Slide 37: Advancing women’s inclusion in workforce is imperative to unlock growth potential
Strong Brand Equity Execution Advancing women’s inclusion in workforce is imperative to Enablers unlock growth potential of Real Estate in India Max Estates along with In Tandem Global Consulting (ITGC) published the report ‘Concrete Change’ which highlights the economic benefits of gender inclusion
Slide 38: Q3 FY25 financials
1 About Max Estates 2 Q3 FY 25 business highlights 3 Growth outlook 4 Execution enablers 5 Q3 FY 25 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 36
Slide 39: Summary: Financial Highlights for 9M FY25
Summary: Financial Highlights for 9M FY25 • Consolidated Revenue stood at Rs 121 Cr in 9M FY25 • Consolidated EBITDA stood at Rs 35 Cr in 9M FY25 • Consolidated PBT stood at Rs 16 Cr and PAT stood at Rs 12 Cr in 9M FY25 • Total Leased Area as on 31st December 2024 stood at 0.12 Cr sq. ft. • Total Le
Slide 40: Max Estates – Operational Metrics
Max Estates – Operational Metrics Total Leased Area (in Sq. Ft.) Lease Rental Income (Rs. Mn.) 1,167,899 662 829 485 916,926 373 400,563 407,286 FY22 FY23 FY24 9M FY25 FY22 FY23 FY24 9M FY25 Quarterly Trend Total Leased Area (in Sq. Ft.) Lease Rental Income (Rs. Mn.) +33% +75% 876,141 916,926 970,00
Slide 41: Max Estates - Profit & Loss Statement
Max Estates - Profit & Loss Statement Consolidated Profit & Loss (In Rs. Cr) Q3FY25 Q3FY24 9M FY25 9M FY24 Net Sales 40.0 24.2 120.7 62.9 Cost of Goods Sold 0.0 0.0 4.5 0.0 Employee benefit expense 4.2 3.0 12.0 8.8 Advertisement and Marketing expense 7.9 5.2 28.8 18.4 Other expenses 16.4 9.7 40.0 25
Slide 42: Max Estates' Portfolio
1 About Max Estates 2 Q3 FY 25 business highlights 3 Growth outlook 4 Execution enablers 5 Q3 FY 25 financials Experience WorkWell & LiveWell at 6 Max Estates www.maxestates.in 40
Slide 43: 222 Rajpur – Key highlights
Max Estates’ Portfolio 222 Rajpur – Key highlights Area ~5 acre Abutting the Malsi Reserve Forest Limited inventory of 22 bespoke residences 100% Sold 41
Slide 44: Night View
Night View * w i iy ow mies See
Slide 45: Max Towers – Key highlights
Max Estates’ Portfolio Max Towers – Key highlights Leasable Area On DND Flyway, at ~0.6 mn. sq. ft. entrance of Noida Rental~ 25-30% Occupancy 100% premium to micro market Certified LEED Marquee tenant Platinum from profile USGBC and Health ESRI India, IEX, Veolia, Kama and Wellbeing Gold Ayurveda,
Slide 46: The Cube
The Cube 44
Slide 47: Food Court
Food Court 45
Slide 48: Max House – Key highlights
Max Estates’ Portfolio Max House – Key highlights Leasable Area Boutique campus ~0.3 mn. sq. ft. development in CBD of South Delhi Phase 1- Rental~ 25-30% Occupancy 100% premium to micro Phase 2- market Leased1 100% LEED Gold certified Marquee tenant and Health and profile Wellbeing Gold from BBC, N
Slide 49: Grand Entrance
Grand Entrance 47
Slide 50: Lobby
Lobby 48
Slide 51: Max Square – Key highlights
Max Estates’ Portfolio Max Square – Key highlights Leasable Area ~0.7 mn. sq. ft. On Noida- Gr. Noida Expressway 93% Leased1 Designed around a central forest Marquee tenant profile NDTV, Skootr, AML, Cloud angels, Hero Cycles, General Atomics, Moody’s, Unicharm etc IGBC Platinum certified for Green
Slide 52: Central Forest Courtyard
Central Forest Courtyard 50
Slide 53: Food Court
Food Court 51
Slide 54: Estate 128 – Our first luxury residential project in NCR
Max Estates’ Portfolio Estate 128 – Our first luxury residential project in NCR Leasable Area ~10 acres Rectangular & contiguous Abutting Noida Gr. Noida Expy Frontage of ~340 m on expressway ~ 7 acres of gardens/ lawns IGBC Platinum pre- certified for Green Representational image Homes The Project
Slide 55: Large wrap around decks in the units
Large wrap around decks in the units Representational image53
Slide 56: Estate 360, Gurugram – Delhi NCR’s first inter-generational community at scale
Max Estates’ Portfolio Estate 360, Gurugram – Delhi NCR’s first inter-generational community at scale Land Area = ~11.8 acres At the confluence of 3 Gurugram’s major corridors ~2.4 Mn sq. ft. of development Opposite 220-acre green zone and 50 m green belt and key commercial developments Representati
Slide 57: Well-being amenities for all generations
Well-being amenities for all generations Representational image55
Slide 58: Countryside-themed landscape
Countryside-themed landscape Representational image56
Slide 59: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Max Estates Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securitie
Slide 60: Details of Group Entities
Details of Group Entities • Max Estates Ltd. (CIN no. L70200DL2016PLC438718) is having its Corporate office at Max Towers, L-20, C - 001/A/1, Sector- 16B, Noida, Gautam Buddha Nagar, Noida UP 201301 & Registered office at Max House 1, Dr. Jha Marg, Okhla Phase 3, Opposite Okhla Railway Station, Okhl
Slide 61: Max Estates Limited
MAX ESTATES LIMITED L-20, Max Towers, Sector – 16B, DND Flyway, Noida, UP - 201 301 Tel: +91 120 4743200 | www.maxestates.in CIN no. L70200DL2016PLC438718 59