Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q2 & H1 FY2023 Earnings Presentation
39 slides from Mahindra Lifespace Developers's earnings presentation, Nov 3, 2022
Slide 1: Stock exchange intimation letter
November 3, 2022 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/NEWLISTIN
Slide 2: Investor Presentation Q2 & H1 FY2023
Artist’s ismpression INVESTOR PRESENTATION Q2 & H1 FY2023 Mahindra Nestalgia at Pimpri, Pune1
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 Q2&H1 FY2023
Investor Presentation Q2&H1 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 Q2&H1 FY2023
Investor Presentation Q2&H1 FY2023 6
Slide 8: Sustainability recognitions and awards
'Plaque Award’ for Special Recognition in 1st position for MWC Chennai is India’s first India’s 1st Net Zero Energy MWC Jaipur received C40 Sustainability Performance certified zero waste to landfill city Stage 2 Certification Category II - Climate Change Residential Building ICAI International Sust
Slide 9: As on 30th September 2022
As on 30th September 2022 Market Capitalization INR 7,219 cr Shareholding Pattern (%) 19.0% Shares Outstanding 15.45 cr 51.3% 18.3% Free Float 3,501 cr 11.4% Symbol (BSE) / (NSE) 532313 / MAHLIFE Promoters FII MF Others 800 BSE REALTY MAHLIFE Key Institutional Investors 700 Kotak Mutual Fund 600 ICI
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
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: Operational highlights Q2 and H1 FY2023
Sales Volume Launches Sales Volume Launches (RERA Carpet Area: 0.31 msft) (RERA Carpet Area: 0.70 msft) Sales Value Completions Sales Value Completions Collections Handovers Collections Handovers Investor Presentation Q2&H1 FY2023 11
Slide 13: Consolidated results
(Rs. cr, unless specified) CONSOLIDATED RESULTS Q2 FY23 Q1 FY23 Q2 FY22 Income from Operations 69.8 94.6 59.2 Other Income 4.0 22.8 6.5 Total Income 73.8 117.3 65.7 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates (41.1) 20.4 12.2 Share in Net Profit / (Loss) of Associates 26.8
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% 89% MBDL MHPL MHDL MITL 26% MWCDL - Bloomdale - Luminare - Happinest Palghar - Lakewoods - MWC Chennai - Happinest Kalyan - Happinest MWCC 27.5% 100% 49% Actis HDFC Capital MRDL - Aqualily Investor Presentation Q2&H1 FY2023 14
Slide 16: Residential project showcase
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 Q2&H1 FY2023 15
Slide 17: Annual 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: Quarterly residential performance
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 0.65 469 0.7 0.47 0.6 0.40 0.5 308 0.39 271 286 0.32 0.4 0.3 171 137 0.2 104 70 70 75 399 0.1 303 251 328 602 0 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Launches (msft)
Slide 19: Premium residential project status
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 0.14 177 87% Vicino 0.26 0.27 0.00 NA 0.27 0.24 425 79% MMR Alcove
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) 0.13 New Project (Dahisar) # 0.86 MMR MMR Happinest Palghar Ph 2 0.18 New Project (Kandivali) 1.70 Happinest Kalyan 2 Ph 2 0.38
Slide 21: Value Homes balance inventory
Location Project Name Company Balance units to sell NCR Luminare MHPL 1 Pune Centralis MLDL 2 Lakewoods MITL 1 Chennai Aqualily MRDL 2 Happinest Boisar MLDL 55 MMR Meridian (Alibaug) MLDL 6 Happinest Palghar 1 MHDL 87 TOTAL 154 Happinest Boisar Meridian (Alibaug) Happinest Palghar 1 Note: All figure
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 ^ 4080 Estimated Sales ^ 5102 Estimated Sales ^ 1443 Less: Amount Collected of Sold Units 1374 Less: Estimat
Slide 23: Digital technology platforms
nPulse • Project Life Cycle Management SFDC (Integrated with SFDC & SAP) • Lead and Customer Management • Budget Management • Demands & Collections • Schedule Management • Customer Communication • Resource Planning • Customer Connect & Feedback • Quality (MLIFE Mobile App, Menu based Chatbots) • Rep
Slide 24: MLDL IC & IC
3 MLDL IC & IC 1 MLDL Overview 2 MLDL Residential 3 4 MLDL Financials 5 MLDL Leadership 23
Slide 25: Leased area and average price per acre
Leased Area (Acres) Average Price per Acre (Rs. cr) 3 2.6 2.5 2.7 2.3 110.6 93.1 39.6 46.4 22.3 FY19 FY20* FY21* FY22 Q2FY23 Investor Presentation Q2&H1 FY2023 * Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres, FY22: nil) 24
Slide 26: Integrated cities and industrial clusters 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 Q2&H1 FY2023 * IFC is a strategic partner in MWCJL & MIPPL. 25
Slide 27: Leasable area and balance inventory
Leasable Area: 1145 acres Balance Inventory in MWCDL Gross Area 307 Leasable Area* Leased Area 1120 60 25 227 237 25 53 MWC Chennai Origins Chennai Ph 2 Acres Leased Unleased Outside MWC Boundary Leasable Area: 2011 acres Balance Inventory Gross Area 340 Saleable Area* Leased Area 255 172 1020 578 9
Slide 28: Leased area, pricing and park O&M
Leased Area (Acres) Park O&M, MWC Chennai (Rs. cr) 110.6 93.1 23.3 23.9 22.8 16.4 17.0 95 46.2 46.4 39.6 22.3 15.4 6.2 15.1 5.2 23.3 28.8 19.3 24.1 1.2 2.2 15.6 3.0 FY19 FY20* FY21* FY22 Q2FY23 FY21 FY22 Q2FY23 MWC Chennai MWC Jaipur Origins Chennai Total Income Expenses Average Price Per Acre (Rs.
Slide 29: Customers (operational)
customers ( operational) customers ( operational) customers ( operational) Investor Presentation Q2&H1 FY2023 28
Slide 30: Land inventory and development plans
Gross Area Land Name Location Development Plan # (acres) 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 stage to ensure contiguity
Slide 31: MLDL Financials
4 MLDL Financials 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 5 MLDL Leadership 30
Slide 32: Profit & Loss statement
PROFIT & LOSS STATEMENT Q2 FY23 Q1 FY23 Q2 FY22 H1 FY23 H1 FY22 Income from Operations 69.8 94.6 59.2 164.3 207.5 Other Income 4.0 22.8 6.5 26.8 12.5 Total Revenues 73.8 117.3 65.7 191.2 219.9 Operating Expenses 64.8 82.8 5.7 147.6 142.9 Employee Remuneration & Benefits 20.7 21.3 23.3 42.0 46.1 Fina
Slide 33: Equity and liabilities, assets
EQUITY & LIABILITIES Q2 FY23 FY22 ASSETS Q2 FY23 FY22 Equity Share Capital 154.6 154.5 Property, Plant and Equipment 15.7 11.8 Other Equity 1,672.0 1,634.0 Right of Use Assets 4.2 5.6 Networth 1,826.6 1,788.5 Capital Work-In-Progress 0.2 3.4 Non-Controlling Interest 49.5 49.1 Investment Property 19.
Slide 34: Segment results
Residential IC & IC SEGMENT RESULTS Q2 FY23 H1 FY23 Q2 FY23 H1 FY23 Area Sold (msft) / Land Leased (acres) 0.47 msft 1.13 msft 22.3 acres 64.5 acres Sales / Lease Income 399 1001 68 186 Income from Operation 71 174 128 267 Other Income 5 29 2.3 3 Total Income 76 202 131 269 Cost of Sales 69 161 61 9
Slide 35: MLDL Leadership
5 MLDL Leadership 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 MLDL Financials 5 34
Slide 36: 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 37: 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 38: Investor Relations Contact
Investor Relations Contact Mr. Rabindra Basu Senior Manager – 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 37
Slide 39: 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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