Max India Ltd · NSE:MAXIND

Max India — Q1 FY23 Earnings Presentation

24 slides from Max India's earnings presentation, Aug 4, 2022

  1. Slide 1: Max India Limited Investor Release

    Max India Limited Investor Release 4 August 2022

  2. Slide 2: Safe Harbour

    Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Max India 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 securities

  3. Slide 3: Max India: Key Highlights (Q1FY23)

    Max India : Key Highlights (Q1FY23) Consolidated EBITDA turned positive to Rs 1.3 Cr  in CY from loss of Rs 3.4 Cr in PY, due to improvement in profitability of Doon project in CY and Max Skill reported losses in PY Consolidated Revenue post divestment of Max Skill and COVID normalisation at Rs 46

  4. Slide 4: Residences for Seniors

    Residences for Seniors | | = . . - b F it! Deane rr =

  5. Slide 5: 1st Community - Antara Dehradun – 93% of units sold as of Q1FY23

    1st Community - Antara Dehradun – 93% of units sold as of Q1FY23, repaid all debt, continues to be cash and PBT positive 14 Acres 5,75,500 1,400-6,600 Land Parcel of the Average Apartment company's flagship Saleable area Size range in Sq Ft project in sq ft 60,000 1.3 pm1 ~Rs 14,0001 Clubhouse size

  6. Slide 6: 2nd Community - Antara Noida Phase 1: 82% of units sold as of Q1FY23

    2nd Community - Antara Noida Phase 1: 82% of units sold as of Q1FY23 340 7,45,000 2,000 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft 52:481 9.7 pm1 Rs 8,6501 Channel Mix (%) Sales Realisation Sales Velocity Cumulative sales and collection trend Direct: Partners Per Sq.ft Co

  7. Slide 7: Antara Noida (Under Construction): targeting healthy IRRs through robust sales velocity

    Antara Noida (Under Construction): targeting healthy IRRs through robust sales velocity, cost control and timely delivery Project Cost for Phase - Payment plan 1&2 (including Land) Antara Fee (S&M, PM) (break-up basis units sold) 983 Rs. ~10% 10:90 Payment Plan Construction Linked Payment Plan Crore

  8. Slide 8: Overall Progress View: Noida phase-I

    Overall Progress View: Noida phase-I R3 R1 R1 R3 R2 R2 As on 24-05-2022 As on 26-07-2022 8

  9. Slide 9: Foundation to Sixth, fourth & Third floor for R1,R2,R3 respectively

    Foundation to Sixth, fourth & Third floor for R1,R2,R3 respectively 6 5 4 4 3 5 34 3 4 3 32 2 2 21 1G 12 1 G G G 1 2 S 1 S As on 26-07-2022 As on 26-07-2022 As on 26-07-2022 As on 12-07-2022 9

  10. Slide 10: Growth Initiatives: Noida Phase II, Max Estates partnership for Gurugram

    Growth Initiatives: Work initiated for Noida Phase II, Progressing well on Max Estates Limited (MEL) partnership for Gurugram; Negotiations ongoing for Bengaluru and Pune Areas Update Next steps • Work initiated for Noida phase-II project, expected to • To obtain preconstruction clearances Noida lau

  11. Slide 11: Care Homes/ Memory Care Homes

    Care Homes/ Memory Care Homes

  12. Slide 12: Four Care Homes launched in Delhi NCR since inception with ~90 beds

    Four Care Homes launched in Delhi NCR since inception with ~90 beds, Two in Gurugram II & Jasola in Q4FY22, 60 beds under pipeline, total ~150 beds expected by H1FY23 GK II: Gurugram: 32 rooms with 38 beds Gurugram II and Jasola: 26 rooms with 32 beds (single/ twin occupancy) (single/ twin occupancy

  13. Slide 13: Care Home: Net revenue at Rs 1.3 Cr, grew 26% y-o-y

    Care Home (CH): Net revenue at Rs 1.3 Cr, grew 26% y-o-y, led by improvement in occupancy Occupancy trend at Care Homes (bed days) Care Homes Revenue (Rs Lacs) 83% 26% YoY YoY 2800 2414 150 2400 132.2 123.3 2001 110.7 2000 120 104.7 99.9 1521 1533 1600 1322 90 1200 60 800 400 30 0 0 Q1FY22 Q2FY22 Q3

  14. Slide 14: Gurugram CH Proof of success established; positive contribution margin

    Gurugram CH Proof of success established; CH started reporting positive contribution margin ~ 5% in Q1FY23 ahead of business plan assumptions Net Revenue (Rs Lacs) Key learnings so far 82.6 • Per day pricing in the range of 76.4 INR 4000-5000 per day • 19 patients staying in the 60.6 centre as on Ju

  15. Slide 15: One of its kind Memory Care Home, South City, Gurgaon, ready for launch by Sep'22

    One of its kind Memory Care Home, South City, Gurgaon, ready for launch by Sep’22 15

  16. Slide 16: Care at Home

    Care at Home

  17. Slide 17: Care at home – Net revenue at Rs 1.2 Cr, grew 20% y-o-y

    Care at home – Net revenue at Rs 1.2 Cr, grew 20%^ y-o-y Transaction (Nos) Care at Homes Revenue (Rs Lacs) 600 6000 5600 22%^ Covid Non Covid 500 Covid Non Covid YoY 457.2 20%^ 5000 400 YoY 4000 3550 300 3000 360 200 2000 3000 3300 2800 2500 100 164.0 1000 2050 128.0 125.4 119.2 97.2 0 0 Q1FY22 Q2FY

  18. Slide 18: MedCare

    MedCare

  19. Slide 19: MedCare: Net revenue at Rs 0.7 Cr, grew 1.6x y-o-y

    MedCare: Net revenue at Rs 0.7 Cr, grew 1.6x^ y-o-y MedCare Revenue (Rs Lacs) 200 160 1.6x^ YoY 120 140 A Portfolio of over 1,100 Products 80 Pricing: Transparent/ fair pricing (Antara Retail Price) 40 72.9 65.4 47.8 40.7 Better product quality/ features/ packaging 31.5 0 Q1FY22 Q2FY22 Q3FY22 Q4FY22

  20. Slide 20: Consolidated Financials

    Consolidated Financials Consolidated Financials 20

  21. Slide 21: Well capitalised to aggressively pursue growth opportunities with ~Rs 550 crores of assets

    Well capitalised to aggressively pursue growth opportunities with ~ Rs 550 crores of assets Senior living – Residences for Seniors Assisted Care Services – Other Assets^ (Rs 492 Cr) Invested Capital (Rs 385 Cr) Invested Capital (Rs 48 Cr) Antara 1.0 – Dehradun (Asset Heavy) Care at Home (Home Care)

  22. Slide 22: Consolidated EBITDA turned positive to Rs 1.3 Cr in CY

    Consolidated EBITDA turned positive to Rs 1.3 Cr  in CY from loss of Rs 3.4 Cr in PY, due to improvement in profitability of Doon project in CY and Max Skill reported losses in PY. Consolidated Revenue post divestment of Max Skill and COVID normalisation at Rs 46 Cr in Q1FY23,20% Particulars (Rs.

  23. Slide 23: Balance Sheet: Strong BS position with Net worth of Rs 633 Cr

    Balance Sheet: Strong BS position with Net worth of Rs 633 Cr Particulars (Rs in Crs.) 30-Jun-22 31-Mar-22 Particulars (Rs in Crs.) 30-Jun-22 31-Mar-22 Non-Current Assets 298.5 304.9 Equity 633.0 637.1 Non-Current Liabilities 59.6 63.8 Current Assets 556.5 549.2 Current liabilities 162.4 153.2 Total

  24. Slide 24: Contact US

    Contact US Company Investor Relations Advisors Max India Limited Strategic Growth Advisors Pvt. Ltd. CIN: L74999MH2019PLC320039 CIN: U74140MH2010PTC204285 Mr. Ajay Agrawal/ Mr. Nishant Kumar Mr. Rahul Agarwal / Mr. Aakash Mehta ajay.agrawal@antaraseniorcare.com rahul.agarwal@sgapl.net / nkumar@maxin

Max India — Q1 FY23 Earnings Presentation on 6ix