Man Infraconstruction Limited · NSE:MANINFRA
Man Infraconstruction — Q1 FY23 Earnings Presentation
50 slides from Man Infraconstruction's earnings presentation, Aug 6, 2022
Slide 1: Exchange filing cover letter
<II. MAN INFRACONSTRUCTION LIMITED 12th Floor, Krushal Commercial Complex, Above Shoppers Stop, G. M . Road, Chem bur (West), Mumb ai i - 400089 . India 0 : 9122 42463999 111: 9122 25251589 I U : office@maninfra .comI &'J : www.maninfra.com I ;J : www.face b ook.com/maninfra Date: 05th August, 2022
Slide 2: Investor Presentation – Q1 FY23
MAN INFRACONSTRUCTION LIMITED INVESTOR PRESENTATION – Q1 FY23 Aug 2022
Slide 3: Safe Harbor
Safe Harbor • This presentation has been prepared by and is the sole responsibility of Man Infraconstruction Limited (the “Company”). 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 invita
Slide 4: Index
INDEX 1 Group Introduction 4 2 Our Business 16 3 Performance Update 20 4 Way Forward 38 5 Company Financials 40 6 Annexure 45 3
Slide 5: Group Introduction
Group Introduction 4
Slide 6: Group Milestones
Group Milestones 50+ 50Mn.+ Sq. Ft. of real estate and construction delivered Years of experience in 25 mn + Sq. Ft. 15 mn + Sq. Ft. 10 mn + Sq. Ft. construction across of residential & of ports of industrial the Country commercial development development development 10 1,100+ 700+ Years of experien
Slide 7: Marquee Clientele with excellent client relationships
Marquee Clientele with excellent client relationships 6
Slide 8: Group Introduction
Group Introduction A successful 3rd generation family owned business driven by professional management Promoter’s Journey Co-founded by Mr. Kishore Shah in 1964 as an industrial contracting company Mr. Parag Shah joined in 1991 with professional expertise & expanded infrastructure business o Pio
Slide 9: Vision, Mission, Group Values
VISION To be a leading integrated Real Estate Development company with strong in-house execution expertise and capabilities with attention to detail and utmost customer satisfaction and continue to grow in infrastructure space thereby enhancing shareholder's value MISSION To strengthen our position
Slide 10: Group Beginning
Group Beginning The journey of MICL Group dates back to 1964 as a partnership firm Started by Mr. Kishore Shah, a Civil Engineer by profession and the 1st generation entrepreneur of the Group Predominantly engaged in industrial and civil contracting works Undertook & completed multiple projects duri
Slide 11: Group Guided by …
Group Guided by … 30+ years of solid experience in the construction industry Known for Quality, Timely execution & Team work, has led repeat orders from marquee clients Achieved many firsts in infra space and pioneered in building ports ‒ Constructed India’s 1st private port at Nhava Sheva, JNPT ‒ O
Slide 12: Group led by …
Group led by … Joined business in 2013 with a vision to diversify & grow in the real estate space Successful Diversification - Real Estate vertical constitute >60% of revenue in FY22 Strengthened revenue visibility – 4.5 mn. sq. ft.^ of ongoing/upcoming projects in Real Estate Built reputed brand –
Slide 13: Experienced Management Team
Experienced Management Team Associated with the Company for more than 25 years Joined alongside Mr. Parag Shah, he has been a pioneer in achieving the group milestones with his exceptional technical expertise, engineering background & executional capabilities His leadership skills have enabled the c
Slide 14: Experienced Management Team
Experienced Management Team A qualified Chartered Accountant, he has over 35 years of experience both in India and abroad Specialized in finance, accounts, systems and commercial aspects of the business in trading and manufacturing organizations He oversees all finance and accounting operations of t
Slide 15: Professional & Independent Board
Professional & Independent Board MR. BERJIS DESAI MR. KAMLESH VIKAMSEY MR. DHARMESH SHAH MS. KAVITA UPADHYAY Non-Executive Chairman Independent Director Independent Director Independent Director A Master of Law from the University of Former President of the Institute of Member of the Institution of
Slide 16: Awards – Exemplifying Companies Performance
Awards – Exemplifying Companies Performance 9 Prestigious Awards Maharashtra’s Iconic Young Best Brands Most Promising Top Challenger Pillar of Strength Achiever Delivery Of the Year 2022 2021 2021 2019 2017 THE ECONOMIC TIMES THE ECONOMIC TIMES THE ECONOMIC TIMES REALTY LION AWARDS CONSTRUCTION WOR
Slide 17: Our Business
Our Business 16
Slide 18: Diversified Business Verticals
Diversified Business Verticals Real Estate EPC Business Rs. 5,300+ crore of cumulative sales in last 10 years Vast expertise and experience in civil construction of port infrastructure, Residential, Commercial, Industrial & Commitment to quality and timely delivery Institutional Buildings Partnering
Slide 19: Strengths of Real Estate Business
Strengths of Real Estate Business Proven track record of quality & timely delivery; The company has invested ~Rs. 715^ cr. About 4.5 million sq. ft. (Carpet area) 8 Residential projects delivered - all before the in own Real Estate Development Projects of ongoing and upcoming Residential scheduled d
Slide 20: Strengths of EPC Business
Strengths of EPC Business Commitment to quality & timely delivery 1 resulting in repeat business from clients Efficient project monitoring and 2 cost control Experience in constructing complex 3 infra projects, high-rise buildings, townships & mass housing developments Owned Plant & equipment and li
Slide 21: Performance Update
Performance Update 20
Slide 22: Business Highlights Q1FY23
Business Highlights Q1FY23 • Sold 2.44 mn sq. ft. of carpet area with a cumulative sales value of ~ Rs. 5,300 cr as on June-22 • Sales of 1.05 lakh sq ft of carpet area in Q1FY23 with a sales value of Rs. 281 crore o Aaradhya Eastwind project - OC received | Before time completion | Almost sold out
Slide 23: Q1 FY23 Consolidated Financial Performance
Q1 FY23 Consolidated Financial Performance Real Estate Business EPC Business Revenue from Operations Q1 FY22 Rs. 153 crores +122% +145% Rs. 352 crores 226 126 102 51 Up by 129% YoY Q1 FY22 Q1 FY23 Q1 FY22 Q1 FY23 Q1 FY22 Profit After Tax^ Q1 FY22 EBITDA Rs. 70 crores Rs. 33 crores Rs. 67 crores Rs.
Slide 24: Real Estate Business
Real Estate Business 23
Slide 25: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Name of RERA Carpet Area sold as on MICL's Type Estimated Date Units Sold as Sr. No. Project Name developing Location area 30.6.2022 Total Units Stake of Completion on 30.6.2022 entity (sq ft.) (sq ft.) Total - 6 Residential and Near Aaradhya High Man Vastucon 1 99.99%
Slide 26: Real Estate – Upcoming Projects
Real Estate – Upcoming Projects Expected Name of developing Type ~ Carpet area Sr. No. Project Name MICL's Stake Location Start Date / Total Units entity (sq ft.) Date of Completion Aaradhya High Park Near Dahisar, Sep-22 / 1 Man Vastucon LLP 99.99% 4 Residential Towers 5,31,079 1,001 - Phase 2 Than
Slide 27: Real Estate – Completed Projects
Real Estate – Completed Projects Total Carpet Area Carpet Area Sold Sr. No. Project Type Total Units No. of Units Sold Completion Date (sq.ft.) (sq.ft.) 1 Aaradhya Tower Residential 48 48 46,994 46,994 2 Aaradhya Saphalya Residential 5 5 4,244 4,244 3 Aaradhya Nalanda Residential 10 10 8,405 8,405 A
Slide 28: Real Estate – Completed Projects
Real Estate – Completed Projects 27
Slide 29: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression Artist's Impression AMENITIES Swimming Pool Theatre The Gymnasium Play Court - Tennis Kids Play Zone 28
Slide 30: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression AMENITIES Artist’sImpression Mini Multipurpose Court Kids Rock Climbing Area Entrance & Walkway Zen Garden 29
Slide 31: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression AMENITIES Artist’s Impression The Sports Lounge Snooker Lounge Gymnasium Business Chamber 30
Slide 32: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression AMENITIES Artist’s Impression Luxurious Swimming Pool Kids’ Play Area Mini - Theatre Gymnasium 31 Artist's Impression
Slide 33: Real Estate – Ongoing Projects
Real Estate – Ongoing Projects Artist's Impression AMENITIES Artist’sImpression Reflection Pool Elegant Deck Seating Peaceful Zen Garden Silver Screen Theatre 32
Slide 34: EPC Business
EPC Business 33
Slide 35: EPC – Ongoing Projects
EPC – Ongoing Projects 1 2 3 Infrastructure Works Residential Works Commercial & Institutional Works ~1.45 Million Of Construction Work ~3.73 Million Of Construction Work ~0.32 Million Of Construction Work • Govt. Residential: PCMC - EWS Housing • Atmosphere Phase II* • Govt. Residential: PCMC - Cha
Slide 36: EPC – Port Infrastructure
EPC – Port Infrastructure Constructed the first Private Port of India Bharat Mumbai Container Terminals Mundra International Container Chennai Container Terminal Pvt Ltd (BMCT) Terminal (MICT) (CCT) 90 Hectares 23 Hectares 15 Hectares Nhava Sheva International Container Terminal Gateway Terminals In
Slide 37: Residential Buildings & Townships
Residential Buildings & Townships Kohinoor Residency PCMC - EWS CLIENT : Kohinoor Planet Construction Pvt. CLIENT : Pimpri Chinchwad Ltd. Municipal Corporation (PCMC) AREA: 0.30 Million Sq. Ft. AREA: 2.46 Million Sq. Ft. Blue Ridge Orchid Woods CLIENT : Flagship Infrastructure Pvt Ltd. AREA: 1.68 Mi
Slide 38: Commercial Buildings / Institutions / IT / Hospitals
Commercial Buildings / Institutions / IT / Hospitals Kohinoor Commercial Complex Godfrey Phillips Factory Shed CLIENT : Kohinoor Planet Construction Pvt. CLIENT : Godfrey Phillips India Ltd. Ltd. AREA: 0.10 Million Sq. Ft. AREA: 0.36 Million Sq. Ft. Sai Complex Gigaplex IT Park CLIENT : B Raheja Bui
Slide 39: Way Forward
Way Forward 38
Slide 40: Drivers for Next Phase of Growth
Drivers for Next Phase of Growth Expansion Strategy Global (USA) Expansion • Real Estate - Focus to grow in MMR region through Asset Light model – JV / JDA / DM • Expanding footprint in demand generating market - - Well-diversified portfolio across customers, Miami, Florida, USA category and micro m
Slide 41: Company Financials
Company Financials 40
Slide 42: Q1 & FY23 Consolidated Financial Highlights
Q1 & FY23 Consolidated Financial Highlights Particulars (Rs. Crs.) Q1 FY23 Q1FY22 Y-o-Y Q4 FY22 Q-o-Q FY22 Total Revenue 352.0 153.4 129% 264.3 33% 961.5 Total Expense 285.2 83.6 208.7 714.0 EBITDA 66.8 69.8 -4% 55.6 20% 247.5 EBITDA Margin (%) 19.0% 45.5% 21.0% 25.7% Other Income 8.1 6.5 10.7 201.2
Slide 43: Q1 & FY23 Standalone Financial Highlights
Q1 & FY23 Standalone Financial Highlights Particulars (Rs. Crs.) Q1 FY23 Q1FY22 Y-o-Y Q4 FY22 Q-o-Q FY22 Total Revenue 97.5 51.6 89% 59.3 65% 236.6 Total Expense 62.3 33.1 51.8 175.5 EBITDA 35.2 18.5 90% 7.5 371% 61.1 EBITDA Margin (%) 36.0% 35.9% 12.6% 25.8% Other Income 11.8 17.4 14.5 75.3 Depreci
Slide 44: Historical Financial Highlights - Consolidated
Historical Financial Highlights - Consolidated Profit & Loss Statement (Rs. Crs.) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Revenue from Operations 961.5 427.2 267.0 371.4 651.6 Total Expense 714.0 330.6 269.7 271.6 452.2 EBITDA 247.5 96.6 -2.7 99.8 199.4 EBITDA % 25.74% 22.6% - 26.9% 30.6% Other Income 20
Slide 45: Historical Financial Highlights - Standalone
Historical Financial Highlights - Standalone Profit & Loss Statement (Rs. Crs.) Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Revenue from Operations 236.6 119.6 107.0 166.5 192.9 Total Expense 175.5 115.9 108.8 125.7 175.2 EBITDA 61.1 3.7 -1.8 40.8 17.7 EBITDA % 25.8% 3.1% - 24.5% 9.2% Other Income 75.3 113.8
Slide 46: Annexure
Annexure Favorable Market Conditions 45
Slide 47: Structural Reforms shaping India’s Real Estate sector
Structural Reforms shaping India’s Real Estate sector Regulatory Changes Disruptive Changes • RERA • NBFC Crisis • GST • Covid-19 • New DCR Rules in Mumbai Consolidation among organized developers Developers like MICL with Higher Liquidity, Strong Balance Sheet and Better Governance Practices are th
Slide 48: Real Estate Market: Poised for multi-year growth cycle
Real Estate Market: Poised for mutli-year growth cycle Indian Real Estate to become Housing to contribute ~7% of GDP Favourable Long-Term Factors $1 trillion market 12% 10% 1,000 Home loan rate lowest in 2 decades 8% 650 6% 4% Significant improvement in Affordability 180 2% 50 0% 2008 2020e 2025e 20
Slide 49: Robust Infrastructure Play
Robust Infrastructure Play Large scale development initiatives by Government Strong Macro-Drivers Sagarmala Project • Infrastructure led economic growth - Port Development and modernization program - Significant Investment outlay of Rs. 5.5 trillion by 2035 • Strong emphasis laid on ‘Make in India i
Slide 50: Thank You
MAN INFRACONSTRUCTION LIMITED T h a n k Yo u Investor Relations: Name: Mr. Yashesh Parekh Email: Yashesh@maninfra.com C o r p o r a t e O f f i c e : M a n I n f r a c ons t r uc t i o n L i m i t e d, 1 2 t h F l o or, K r u s h a l C o m m e r c i a l Complex, GM Road, Chembur(W), Mumbai – 400089
Man Infraconstruction — Q1 FY23 Earnings Presentation on 6ix