Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q1 FY2024 Earnings Presentation
37 slides from Mahindra Lifespace Developers's earnings presentation, Jul 26, 2023
Slide 1: Exchange filing cover letter
26th July, 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/NEWLISTING
Slide 2: Investor Presentation Q1 FY2024
INVESTOR PRESENTATION Q1 FY2024 Bloomdale Actual Image 0
Slide 3: Disclaimer
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
Slide 4: MLDL Overview
Mahindra Aqualily MLDL Overview Actual Image 2
Slide 5: The Mahindra Group
THE MAHINDRA GROUP 1.75 Lac Cr 260,000+ 100+ 20+ GROUP TURNOVER EMPLOYEES COUNTRIES INDUSTRIES India’s number 1 SUV manufacturer by revenue market Pioneer unique IC&IC business and residential share; strong pipeline of EV products developments World’s largest tractor company by volume Number 1 times
Slide 6: Mahindra Group created significant value in the last two decades; MLDL a key priority
Mahindra Group created significant value in the last two decades; MLDL a key priority for the Group Market cap of M&M Limited +45 (Rs. kCr.) Mahindra Lifespaces is identified as a 144 Growth Gem by Mahindra Group +57 Mahindra Group fully committed to 100 support MLDL’s growth aspirations +42 MLDL pl
Slide 7: MLDL at a Glance
MLDL AT A GLANCE Committed to transforming India’s urban landscape through its Residential and IC&IC developments Mahindra Lifespaces Residential IC&IC 25+ years Of Legacy 49 Integrated Cities Projects Delivered and Ongoing Presence in Chennai and Jaipur 650+ Employees 34.46 msft Industrial Clusters
Slide 8: Accolades and Sustainability
ACCOLADES AND SUSTAINABILITY We have been recognized in many facets - Top Builder, Great Place to Work, Sustainability and many more Accolades Sustainability Achievements • ‘India’s Top Builder’ award conferred by Construction • MLDL has a 100% Green certified portfolio since 2013; World (2023) firs
Slide 9: Stock Performance and Drivers
STOCK PERFORMANCE AND DRIVERS Stock generated 87% CAGR over the past 3 years BSE REALTY MAHLIFE Shareholding Pattern (%) 17.5% Mahindra Group FII 51.2% 19.9% MF 11.5% Others 30-Jun-20 30-Jun-21 30-Jun-22 30-Jun-23 Key Drivers Key Institutional Investors Scale-up in business development and pre-sales
Slide 10: Growth Strategy
GROWTH STRATEGY Bold ambition Drive Profitable Growth to 8K - 10K Cr by 2028 Leader in customer centricity Well-engineered portfolio choices Robust acquisition engine 1 Clearly articulate “where to play” choices capturing - Geography, Customer segments, Products, Project size, 2 Systematically scale
Slide 11: Growth Roadmap
GROWTH ROADMAP Rs. 8,000 -10,000 cr Vision to grow >5 times by 2028 Residential + IC & IC Rs. 2,268 cr Rs. 3,000 cr Rs. 824 cr 2021 2023 2025 2028 Residential IC & IC Focus Projects with 3-6 Unlock Thane Accelerated Origins Origins Pune Pursue Markets to be GDV upwards land land parcel leasing Ahmed
Slide 12: MLDL Residential
Mahindra Bloomdale MLDL Residential Actual Image 10
Slide 13: Residential – Structure Overview
RESIDENTIAL – STRUCTURE OVERVIEW M&M 51% MLDL 100% 72.5% 51% 89% MBDL MHPL MHDL MWCDL* Lakewoods Bloomdale Luminare Happinest Palghar Happinest MWCC Nestalgia Happinest Kalyan Aqualily Lakefront Estates 27.5% 49% 11% Actis HDFC Capital TIDCO Note: Includes assets owning SPVs only. Shareholding %ages
Slide 14: Residential - Scale of Operations
RESIDENTIAL - SCALE OF OPERATIONS MLDL is pioneering development of green homes and thoughtfully designed living spaces Total Premium Residential Value Homes Total Total Development Footprint 5.72 msft 34.46 msft 28.74 msft Completed Development 1.69 msft 20.05 msft 18.36 msft Ongoing 14.41 msft and
Slide 15: Residential - Annual Trend
RESIDENTIAL - ANNUAL TREND Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 1812 1153 1165 1023 1028 963 930 758 670 695 2.23 1.69 331 361 374 289 241 1.31 1.07 1.28 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Launches (msft) Completions (msft) 1.84 3
Slide 16: Residential - Quarterly Trend
RESIDENTIAL - QUARTERLY TREND Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 602 450 0.80 399 361 345 286 304 304 271 276 0.65 0.60 0.61 0.49 0.40 136 122 0.47 93 0.42 70 75 0.20 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 0.00 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23
Slide 17: Residential - Project Portfolio - Ongoing Projects
RESIDENTIAL Premium Residential - PROJECT PORTFOLIO - ONGOING PROJECTS Location Project Name Total Launched Completed Development Development Development Area Sold Ongoing Development Area Sold Sales Value Completio (Rs. cr) n% A B C of C D of D of D of D Vicino 0.27 0.27 0.08 0.08 0.19 0.19 334 82%
Slide 18: Residential - Forthcoming Projects
RESIDENTIAL - FORTHCOMING PROJECTS Premium Residential Value Homes Future Phases Future Phases Future Future Location Project Name Development Location Project Name Development (msft) (msft) Nestalgia 0.02 Happinest Palghar Ph 2 0.18 Pune MMR Mahindra Citadel 2.26 Happinest Kalyan 2 Ph 2 0.54 Aquali
Slide 19: Residential - Ready to Move Inventory
RESIDENTIAL - READY TO MOVE INVENTORY Location Project Name Balance units to sell Pune Centralis 3 Lakewoods 2 Chennai Aqualily 2 Bloomdale 1 Happinest Boisar 55 MMR Meridian (Alibaug) 3 Happinest Palghar 1 79 TOTAL 145 17 Note: All figures correspond to MLDL and associates, including commercial uni
Slide 20: Residential - Sustainable Future Cash Flows
RESIDENTIAL - SUSTAINABLE FUTURE CASH FLOWS Estimated Cash Flows (Rs. cr) Ongoing Projects Amount Future Phases (To be launched) Amount New Projects (To be launched) Amount Sold Units & Estimated Sales ^ 5081 Estimated Sales ^ 3180 Estimated Sales ^ 5115 Less: Amount Collected of Sold Units 1619 Les
Slide 21: MLDL IC & IC
MWC Jaipur MLDL IC & IC Actual Image 19
Slide 22: IC & IC - Structure Overview
IC & IC - STRUCTURE OVERVIEW 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 Note: Overview includes assets owning SPVs only. Shareholding %ages are rounded to nearest %age and bas
Slide 23: IC & IC - Scale of Operations
IC & IC - SCALE OF OPERATIONS Pioneer in this business with pan India presence across Golden Quadrilateral and Delhi-Mumbai Industrial Corridor Integrated Cities Industrial Clusters MWC MWC Origins Origins Origins Pune Chennai Jaipur Chennai Ahmedabad (Forthcoming) Distance Distance 60 Km 20 Km 35 K
Slide 24: IC & IC - In Detail
IC & IC - IN DETAIL MWC, Chennai Origins, Chennai Leasable Area: 1145 acres Balance Inventory in MWCDL 307 Gross Area 21 229 Leasable Area* 1124 70 Leased Area 127 69 237 21 MWC Commercial Origins Chennai Ph 2 Leased Unleased Outside MWC Boundary MWC Residential Acres MWC, Jaipur Origins, Ahmedabad
Slide 25: IC & IC - Details
IC & IC - DETAILS Leased Area (Acres) 158.0 Park O&M, MWC Chennai (Rs. cr) 110.6 74.2 93.1 24.0 23.3 23.3 23.9 24.4 18.6 17.7 17.0 18.6 22.8 16.4 39.6 46.4 95 46.2 71.4 15.4 15.1 24.1 23.3 28.8 1.2 2.2 15.6 12.4 FY19 FY20* FY21* FY22 FY23 FY19 FY20 FY21 FY22 FY23 MWC Chennai MWC Jaipur Origins Chenn
Slide 26: IC & IC - Marquee Clientele
IC & IC - MARQUEE CLIENTELE Focus on accelerating leasing across all locations MWC Chennai MWC Jaipur 85 customers (63 operational) 130 customers (76 operational) Infosys Campus BMW Central Avenue JCB DTA Zone Infosys Circle Origins Chennai Origins Ahmedabad 10 customers (3 operational) NH Access Pl
Slide 27: Land Inventory - Assets with Deep Value
LAND INVENTORY - ASSETS WITH DEEP VALUE Land Name Location Gross Area (acres) Development Plan # Land conveyance completed. Ghodbundar Road, Thane MMR 68 Planned as Mixed-use Development. Murud, Raigad MMR 1,291 Under study & evaluation stage. Planned to be developed as Origins, Pune. Under land Bho
Slide 28: MLDL Financials
Mahindra Lakewoods MLDL Financials Actual Image 26
Slide 29: Financial - Highlights
FINANCIAL - HIGHLIGHTS (Rs. cr, unless specified) CONSOLIDATED RESULTS Q1 FY24 Q4 FY23 Q1 FY23 Income from Operations 98.0 255.4 94.6 Other Income 12.0 14.9 22.8 Total Income 110.1 270.3 117.3 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates (38.3) (18.9) 20.4 Share in Net Prof
Slide 30: Financials - Consolidated Profit & Loss Account
FINANCIALS - CONSOLIDATED PROFIT & LOSS ACCOUNT PROFIT & LOSS STATEMENT Income from Operations Q1 FY24 98.0 Q4 FY23 255.4 Q1 FY23 94.6 FY23 606.6 Other Income 12.0 14.9 22.8 53.0 Total Revenues 110.1 270.3 117.3 659.6 Operating Expenses 96.5 211.4 82.8 513.8 Employee Remuneration & Benefits 21.4 18.
Slide 31: Financials - Consolidated Balance Sheet
FINANCIALS - CONSOLIDATED BALANCE SHEET EQUITY & LIABILITIES Q1 FY24 FY23 ASSETS Q1 FY24 FY23 Equity Share Capital 154.9 154.7 Property, Plant and Equipment 12.7 13.8 Other Equity 1,649.1 1,651.1 Right of Use Assets 6.4 2.8 Net Worth 1,804.1 1,805.8 Capital Work-In-Progress 6.3 5.1 Non-Controlling I
Slide 32: Financials - Segment Performance
FINANCIALS - SEGMENT PERFORMANCE (Rs. cr, unless specified) Residential IC&IC SEGMENT RESULTS Q1 FY24 Q1 FY24 Area Sold (msft) / Land Leased (acres) 0.42 2.89 Sales / Lease Income 345 12 Income from Operation 106 32 Other Income 14 1 Total Income 120 33 Cost of Sales 50 10 Gross Margins (%) 47% 30%
Slide 33: MLDL Leadership
Mahindra Roots MLDL Leadership Actual Image
Slide 34: MLDL Leadership | Directors
MLDL LEADERSHIP | DIRECTORS Mr. Ameet Hariani Dr. Anish Shah Mr. Amit Kumar Sinha Chairman and Non-Executive, Managing Director & Chief Executive Non-Executive Independent Director Non-Independent Director Officer • Holds master’s degree in Law from the Mumbai • Ph.D. - Carnegie Mellon’s Tepper Busi
Slide 35: MLDL Leadership | Management
MLDL LEADERSHIP | MANAGEMENT Ashvin Iyengar Jitesh Donga Krity Sharma Chief Business Chief of Design Chief People Development & Officer Liasioning Officer Ameet Hariani Non-Executive Chairman Parveen Mahtani Rajaram Pai Sudharshan KR Chief Legal Officer Chief Business Chief Project Officer - Industr
Slide 36: Thank You
Thank You Investor Relations Contact Mr. Rabindra Basu Head Investor Relations Email: BASU.RABINDRA@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 5th Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/ 6747 8601 | Fax: 022 2497 5084 For more details vi
Slide 37: Glossary
GLOSSARY Classification of projects is as under: a. Completed: projects where b. Ongoing: projects where (i) all c. Future Phases: 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 Compan
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