Man Infraconstruction Limited · NSE:MANINFRA
Man Infraconstruction — H1 FY25 Earnings Presentation
37 slides from Man Infraconstruction's earnings presentation, Nov 12, 2024
Slide 1: Exchange filing cover letter
EPC REAL ESTATE MAN I NFRACON ST RU CTION LIMITED (CIN: L70200MH2002PLC136849) 12th November, 2024 The Listing Department The Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Sandra Kurla Complex, Phiroze Jeejeebhoy Towers, Sandra (E), Mumbai - 4
Slide 2: Investor Presentation – Q2 & H1 FY25
M A N INFRACONSTRUCTION LIMITED INVESTOR PRESENTATION – Q2 & H1 FY25 November 2024
Slide 3: Disclaimer
• This presentation has been prepared by and is the sole responsibility of Man Infraconstruction Limited (the “Company” / “MICL”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. • This presentation does not constitute or form part of any offer or invitatio
Slide 4: Index
Index Group Overview 04 Group Overview 04 Business Model 10 Business Model 10 Performance Snapshot 30 Performance Snapshot 19 Company Highlights 43 Company Highlights 31 Project Portfolio 48 Annexure 51 M A N INFRACONSTRU CTION LIMITED
Slide 5: Built with Ethics. Led with Passion. Focused on Value Creation
w· · ~ ~ BUILT WITH ETHICS. LED WITH PASSION. FOCUSED ()N VALUE CREATION M A N INFRACONSTRU CTION LIMITED
Slide 6: Years of experience in real estate and construction
60 10+ YEARS OF EXPERIENCE IN YEARS OF EXPERIENCE IN CONSTRUCTION ACROSS THE REAL ESTATE DEVELOPMENT COUNTRY 50+ MN SQ. FT. OF REAL ESTATE AND INFRA. CONSTRUCTION DELIVERED ~800 4,275+ WORKFORCE HAPPY EMPLOYMENT FAMILIES 5 M A N INFRACONSTRU CTION LIMITED
Slide 7: EPC Business and Real Estate Business
EPC BUSINESS REAL ESTATE BUSINESS 60 years of experience in Built a niche in the field of infrastructure development and redevelopment projects real estate • Cluster, Private society, MHADA and SRA Developed 8 major ports across India – Navi Mumbai, Chennai, Delivered high-rises in record time of le
Slide 8: Track record of delivering all projects before time
BEFORE TIME COMPLETION Track record of delivering all 19 Projects Before Time Delivered 2.8 mn. sq. ft. of carpet area till date Completed projects at least 6 months to 24 months before scheduled date NEGLIGIBLE INVENTORY IN COMPLETED (OC RECEIVED) PROJECTS Nearly 90% of the inventory is sold out be
Slide 9: Real estate portfolio and EPC portfolio
5.7 mn. sq. ft. Projects – REAL ESTATE PORTFOLIO Rs. 653 cr. Order book – EPC PORTFOLIO ~1.7 Mn. Sq. ft. ~110 hectares 15% of Ongoing projects Delivered of ongoing ports & infra Residential 2.8 Ongoing projects Infrastructure 4.0 Upcoming & Balance Potential ~3.2 Mn. Sq. ft. ~4.0 Mn. Sq. ft. of ongo
Slide 10: Key real estate projects
AARADHYA AVAAN AARADHYA ONEPARK PROJECT AT PROJECT AT Tardeo Ghatkopar (E) Goregaon (W) Marine Lines Building one of India’s tallest residential towers Developing first of its kind 12,000+ sq mt gated Developing one of the largest redevelopment Building India’s one of the tallest residential with he
Slide 11: Real estate projects and EPC projects income streams
REAL ESTATE PROJECTS EPC PROJECTS DM FEE* OR EPC INTEREST EPC PMC EQUITY MARGIN MARGIN** MARGIN Or MARGIN MARGIN Includes margin on Charged for In-house Engineering Funds infused into Professional managing DM - Charged as % of Port projects / Govt. & Construction Projects as debt earns an of site, m
Slide 12: Real estate projects model
REAL ESTATE PROJECTS MODEL Joint Society Development Development Joint Venture Redevelopment Manager (DM) Agreement (JDA) (Pvt./Mhada/SRA) Reduces Overall Initial Investment 1. Sales for projects executed under subsidiaries gets reflected in consolidated revenue in the financial statements 2. Sales
Slide 13: Ongoing projects
ONGOING PROJECTS Sales / DM MICL Group’s Total Carpet Total Sales Real Estate Projects EPC Project Project Name Location Model Fees Stake Area Potential Income Streams Income Streams Recognition Equity (Lakh sq. ft.) (Rs. Cr) DM Fee EPC Margin PMC Margin Margin Aaradhya Ghatkopar, 60.00% Subsidiary
Slide 14: Upcoming projects
UPCOMING PROJECTS Sales / DM EPC Project MICL Group’s Total Carpet Total Sales Real Estate Projects Project Name Location Model Fees Income Stake Area Potential Income Streams Recognition Streams (Lakh sq. ft.) (Rs. Cr) DM Fee Equity Margin PMC Margin Aaradhya Near Parkwood* – 99.99% Subsidiary ~2.3
Slide 15: Strong Focus on Margins as well as Profitability
Consolidated financials – Amount in (Rs. Cr) EBITDA MARGIN and PBT MARGIN NET PROFIT 32.6% 29.2% 28.0% 20.5% 12.2% 25.7% 25.8% 300 22.6% 21.9% 19.4% 259 216 122 32 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 EBITDA Margin PBT Margin Strong Focus on Margins as well as Profitability 14 M A N
Slide 16: Maintaining Financial Prudence with Low Debt and High Liquidity
Consolidated financials – Amount in (Rs. Cr) NET CASH POSITIVE BALANCE SHEET SIGNIFICANT SECURED DEBT REDUCTION 0.3 0.1 -0.1 -0.4 -0.3 741 332 513 520 228 299 308 123 91 13 Cash & cash Eq. Net Debt/Equity ratio (x) Mar-21 Mar-22 Mar-23 Mar-24 Sep-24 Sep-22 Dec-22 Mar-23 Mar-24 Sep-24 Maintaining Fin
Slide 17: Fund raise details and status
FUND RAISE DETAILS STATUS Raised Rs. 543 crores Funds Raised Status – as on Sep-24 through preferential route in January 2024 • Received Rs. 147 crores of the issue price • Balance Rs. 396 crores to be received on or before July 2025 Allotted 3,50,46,100 Convertible Amount Utilized Rs. 127.6 Crores
Slide 18: Key metrics: sales visibility, order book, liquidity, credit rating
Funds Raised Real Estate Sales Visibility** Real Estate projects pipeline EPC Order Book Rs. 543 Cr.* 5.7 mn sq. ft. ~15,000 Rs. Cr. Rs. 653 Cr. via preferential route Carpet Area Investments in Subsidiary Debt Status Liquidity Levels Credit Rating Upgrade Real Estate Projects Net Cash Rs. 520 Cr. C
Slide 19: Strategy and expansion
Expansion Global (USA) Strategy Expansion Maintain strong Higher Revenue liquidity & Visibility • Real Estate • Expanded Real Estate profitability - Establishing presence business in Miami, in western suburbs of Mumbai, MMR and Florida, USA • Expecting potential • Focus to be Net South Mumbai increa
Slide 20: Performance Snapshot
PERFORMANCE SNAPSHOT
Slide 21: Operational Update: Sales Performance Q2 & H1 FY25
Operational Update SALES PERFORMANCE Q2 & H1 FY25 Strong Sales Growth: Achieved ₹209 crore in sales for Q2FY25 Sales for H1FY25 have reached ₹900 crore, compared to ₹235 crore in H1FY24 Surge in Collections driven by delivery of multiple projects in H1FY25: Achieved ₹383 crore in Q2FY25
Slide 22: Elevated Community Lifestyle at Atmosphere O2
Elevated Community Lifestyle at Atmosphere O2 • Atmosphere O2 project by MICL Group in Mulund West, Mumbai, launched in Nov 2019 • Nearly achieved full sales, with total collections of ~Rs. 1,490 Cr out of an estimated revenue potential of Rs. 1,650 Cr • Spanning ~7.2 lakh sq. ft. of RERA carpet are
Slide 23: Timeless Elegance in Mumbai's Coveted Locale
Timeless Elegance in Mumbai’s Coveted Locale • Luxurious standalone residential tower in Juhu, completed within 2.5 years of launch. • Nearly 85% of the 60,000 sq. ft. carpet area sold, with a revenue potential of ~Rs. 250 Cr and made total collections of Rs. ~190 Cr. • Features lavish 3 and 4 BHK r
Slide 24: Vile Parle West redevelopment project details
Mumbai Ultra-Luxury 3.5 L sq. ft. Rs. ~1,200 Cr DM Model Vile Parle - West Redevelopment Indicative carpet Indicative Project saleable area Topline Project Details: First cluster development in Vile Parle West to be developed by MICL Group Scale: 3-acre development on Swami Vivekanand Road, feat
Slide 25: BKC redevelopment project details
Acquired in Jun-24 Mumbai Ultra-Luxury 1.5 L sq. ft. Rs. 750+ Cr 34% Equity BKC Redevelopment Indicative carpet Indicative Project saleable area Topline Project Details: Prime Location: BKC, Kalanagar area Configuration: Ultra-Luxury Residences of 3 & 4 BHK Launch: Expected in FY25 during fest
Slide 26: Innovative Community Living Concept
Launched in Jan-24 Innovative Community Living Concept • Ultra-Luxurious project in Ghatkopar East, launched in Jan -24 • Achieved nearly 50%* of the total estimated sales potential of Rs. 1,200 Cr • Saleable carpet area of ~4.3 lakh sq. ft. • Configuration of 3, 4 and 5 BHK residences • Boasts over
Slide 27: Ongoing projects sales status as on Sep-24
As on Sep-24 RERA Sr. MICL Group Type Units Sold Total Units Total Units Area Sold Total Area Total Area Date of Project Name Location Model Total Units Carpet No. Stake In Q2FY25 Sold Unsold in Q2Y25 sold Unsold Completion$ area* (%) (nos.) (nos.) (nos.) (nos.) (sq ft.) (sq ft.) (sq ft.) (sq ft.) A
Slide 28: Upcoming projects status as on Sep-24
As on Sep-24 MICL Group Type MICL's RERA Expected Sr. No. Project Name Location Total Units Stake Model Carpet area^ Launch Date* (%) (nos.) (sq ft.) Aaradhya Parkwood - Near 2 Residential 1 99.99% Subsidiary 455 2,30,136 FY25 Tower A & B Dahisar Towers Dahisar Phase 3 Near 2 99.99% - Subsidiary - ~
Slide 29: Negligible unsold inventory and projects delivered before time
As on Sep-24 Completed time Project Sr. Total Units Units Total Carpet Carpet Area Carpet Area Projects Towers Type Location Model before scheduled Completion No. Units Sold Unsold Area Sold Unsold Date Timeline 1 Tower E, F, G, H & I Residential Own 325 324 1 3,23,370 3,22,859 511 14 Months Sep-20
Slide 30: USA projects: Miami and Florida
Ongoing Project Upcoming Projects Completed Project 551 Bayshore New Residential projects 3090 McDonald Avenue 1. Location: Coconut Grove, Miami, Florida, USA Size: Saleable area of ~ 10,000 sq. ft. Membership Interest: 25% 2. Location: Brickell, Miami, Florida, USA Location: Fort Lauderdale, Florid
Slide 31: EPC order book: Infrastructure and Residential
INFRASTRUCTURE RESIDENTIAL ~0.8 Mn. sq. ft. of Construction Work ~2.4 Mn. sq. ft. of Construction Work • Govt. Residential: PCMC - Charholi • Atmosphere O2 (Tower G)* • Aaradhya Avaan** ~110 Hectares - Ports – BMCT Actual Shot Bmct Port – Phase 2, Nhava Sheva, Navi Mumvai Artist's Impression Artist'
Slide 32: 31
31
Slide 33: Consolidated quarterly and half-year results
Particulars (Rs. Crs.) Q2 FY25 Q2 FY24 Q1 FY25 H1FY25 H1FY24 FY24 Revenue from operations 230.3 215.3 341.6 571.9 725.0 1,263.5 Real Estate 154.7 93.4 226.5 381.3 226.9 526.7 EPC 75.6 121.9 115.1 190.7 498.1 736.7 Other Income 29.7 27.6 26.8 56.5 41.7 96.8 Total Income 260.0 242.9 368.4 628.4 766.6
Slide 34: Consolidated Profit & Loss Statement and balance sheet
Profit & Loss Statement (Rs. Crs.) H1FY25 FY24 FY23 FY22 FY21 Revenue from Operations 571.9 1,263.5 1,890.3 961.5 427.2 Other Income 56.5 96.8 47.9 201.2 24.9 Total Income 628.4 1,360.2 1,938.3 1,162.7 452.1 Total Expense 460.8 937.1 1,476.4 714.0 330.6 EBITDA excluding Other Income 111.1 326.4 413.
Slide 35: Standalone quarterly and half-year results
Particulars (Rs. Crs.) Q2 FY25 Q2 FY24 Q1 FY25 H1FY25 H1FY24 FY24 Revenue from operations 70.6 113.1 107.6 178.2 475.7 708.3 Other Income 26.5 10.8 16.5 43.0 18.7 96.5 Total Income 97.1 123.9 124.1 221.2 494.4 804.8 Total Expense 56.6 61.5 70.3 126.9 344.6 548.5 EBITDA excluding Other Income 14.0 51
Slide 36: Standalone Profit & Loss Statement and balance sheet
Profit & Loss Statement (Rs. Crs.) H1FY25 FY24 FY23 FY22 FY21 Revenue from Operations 178.2 708.3 797.8 236.6 119.6 Other Income 43.0 96.5 83.2 75.3 113.8 Total Income 221.2 804.8 881.0 311.9 233.4 Total Expense 126.9 548.5 660.9 175.5 115.9 EBITDA excluding Other Income 51.3 159.8 136.9 61.1 3.7 EB
Slide 37: Thank You
THANK YOU INVESTOR RELATIONS Company: MICL Go India Advisors Name: Mr. Yashesh Parekh Name: Mrs. Sheetal Khanduja Tel: +91-8108321555 Tel: +91-9769364166 Email: Yashesh@maninfra.com Email: sheetal@goindiaadvisors.com M A N INFRACONSTRUCTION LIMITED
Man Infraconstruction — H1 FY25 Earnings Presentation on 6ix