Max Estates Limited · NSE:MAXESTATES

Max Estates — H1 FY24 Earnings Presentation

89 slides from Max Estates's earnings presentation, Nov 9, 2023

  1. Slide 1: Investor Presentation filing letter to BSE and NSE

    l MAX ~ E S T ATES November 9, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (East) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 544008 SYMBOL: MAXESTATES Sub.: Investor Presentation Dear Sir/ Madam, Purs

  2. Slide 2: Investor Presentation: An overview of Max Group's real estate journey

    t MAX -....-,...._E ST A T E Investor Presentation An overview of Max Group’s real estate journey November 2023

  3. Slide 3: Max group has nurtured strong brands across diversified businesses over 40 years

    Max group has nurtured strong brands across diversified B2B and B2C businesses over the last 40 years… MAX 1.0 MAX 2.0 MAX 3.0 (1982-2000) (2000-2022) (2022 onwards) r .... ~ Qi Electronic ~ GMAX-1 !~ Pharma Components HEALf H INSU R ANCE ~HEALTHCARE • INSURANCE GMAX ....._,.__ESTATES D Mobile Telep

  4. Slide 4: Successful partnerships with leading global companies

    …aided by successful partnerships with leading global companies Current JV Partners Investors ♦ Mitsui Sumitomo Insurance IJ ■ IJ WARBURG P INCUS llilllll N0R GES BANK 1<1<1~ Iii II ■ ~ TEMASEK ..,__., @ IFC ::-::.:::....--- ' Past JV Partners HOLDINGS em......, 1,....i...,,,c,,..,;,,1:1:>i...,,~ ..

  5. Slide 5: Max Group has evolved into a USD 4 Billion enterprise

    Max Group has evolved into a USD 4 Billion enterprise with real estate business housed in 1 of the 3 listed entities 6.52% 50.94% 49.51% i MAXISERVICES FINANCIAL j M A X I INDIA ........_ (',,, LIMITED Holding ..._..__ {.., Companies Life Insurance Senior Living Real Estate & related Business busine

  6. Slide 6: Purpose & Strategy

    Purpose & Strategy www.maxestates.in

  7. Slide 7: Max Group's values brought to the Indian real estate sector

    With aim to bring Max Group’s values of Sevabhav, Excellence and Credibility to the Indian real estate sector. The real estate development arm of Max Group Well placed to emerge as a leading Real Estate player in Delhi - NCR Values Mission Sevabhav Vision • Augment the quality of life through except

  8. Slide 8: One Region and Multiple Asset Class strategy

    Max Estates’ real estate strategy – One Region and Multiple Asset Class Rationale for focusing on NCR as the playground Difficult to replicate the business model in multiple geographies 01 • RE business cannot be replicated across cities easily due to significant variations in regulations, practices

  9. Slide 9: Re-Architecting Max Estates' operating philosophy

    Re – Architecting Max Estates’ operating philosophy LiveWell and WorkWell envision an ecosystem that enhances and enriches the quality of life of its occupiers by building a confluence of experiences that enable comfort, healthy living, and community experiences, while ensuring their physical and em

  10. Slide 10: The Journey so far

    The Journey so far www.maxestates.in

  11. Slide 11: Max Estates expanded its portfolio by 3x since FY22

    Max Estates with real estate focus expanded its portfolio by 3x tMAX ...._.,.ESTATES since FY 22 Max Estates 1.0 (2016 – 2018) Max Estates 2.0 (2018 – 2021) •xx Total size of RE portfolio – Delivered and under development Max Estates 3.0 2022 onwards* • The portfolio focused on speciality • Focus on

  12. Slide 12: Simplification of ownership structure completed with listing

    Simplification of ownership structure completed with Max Estates now listed on stock exchanges From To } {_,, I M A X VENTURES & INDUSTRIES ~ 100% 100% l 6~ ~ SERVICES 100% ·- i MAX I. '""' I l l"',1 1 1 LL) 51-100% 100% l 100% 6~ ~ SERVICES 100% l (CRE and residential SPVs Commercial Residential Fa

  13. Slide 13: Max Estates Limited lists on Stock Exchanges

    Max Estates Limited lists on Stock Exchanges 11

  14. Slide 14: Unveiling the Pillars of Success

    Unveiling the Pillars of Success SYSTEMS & PROCESSES Institutionalize systems and processes PEOPLE to sustain longer term growth RISK & Hire, nurture and retain OPPORTUNITIES exceptional talent Huge Opportunity to become a renowned Real GROWTH Estate player in NCR Add 1 Mn. sq. ft. of projects in CA

  15. Slide 15: Fueling Growth – INR 3,300+ Cr of Capital Commitment

    Capital Fueling Growth – INR 3,300+ Cr of Capital Commitment Since Inception Total Total Fund Fund IN IR 3,311 INR 3,311 Cr Cr 771 696 705 4501 406 81 202 Nykaa Rights NYL commitment Lease Rental stake sale issue including Discounting (LRD) Asset sale Max Specialty investments in SPVs2 Construction

  16. Slide 16: New York Life – Our strategic partner in real estate

    Capital New York Life – Our strategic partner in the real estate business RE Partnership Founded in 1845, New York Life is a Financial Services Company and the New York Life has already commitment is largest mutual life insurer in the U.S ~INR 8 billion till date and they will continue to evaluate c

  17. Slide 17: Well Diversified Portfolio across Risk Spectrum, Asset Class, Geography

    Growth & Opportunities Successfully Built a Well Diversified Portfolio across Risk Spectrum, Asset Class, and Geography in Delhi NCR 222 Rajpur, Dehradun, 2016 DELHI ONE S~.~ <:~ l6B, NOIDA ,.,n. Sq. Ft 'ti~ HOUSE BLOCK A MAX TOWERS Max Towers, Noida, 2017 KHLA, N!W DELHi s~~<;>R l6B, NOIDA · ,.,n.

  18. Slide 18: WorkWell Experiences – Operational & Under Development

    Growth & Opportunities WorkWell Experiences – Operational & Under Development Leasable Year of Annualized Development S.No Project Location area % leased peak Rental1 Ownership status (Mn sq ft) occupancy (INR Mn) Sector 16B, 1 Max Towers Operations 0.30 100% 2021 350 – 400 100% Noida Max House – Ok

  19. Slide 19: LiveWell Experiences – Operational & Under Development

    Growth & Opportunities LiveWell Experiences – Operational & Under Development Gross Saleable Development Year of Development S.No Project Location Area % sold Ownership status Launch Value (Mn sq ft) (INR Mn) 1 222 Rajpur Dehradun Delivered 0.09 2018 100% 1,090 Under JDA Sector 128, Under 2 Estate 1

  20. Slide 20: WorkWell and LiveWell Experiences in operation

    Growth & Opportunities WorkWell and LiveWell Experiences in operation Max Towers, Noida Max House Phase 1, Okhla Net leasable area 3,01,860 Sq. Ft. Net leasable area 1,05,426 Sq. Ft. Net Leased area 3,01,860 Sq. Ft. Net Leased area 1,05,426 Sq. Ft. Occupancy 100 % Occupancy 100 % Annual Rental poten

  21. Slide 21: WorkWell Experiences under Design and Development

    Growth & Opportunities WorkWell Experiences under Design and Development Max House Phase 2, Okhla Max Square TWO, Sector 129, Noida Net leasable area 150,453 Sq. Ft. Net leasable area 1 - 1.2 mn. Sq. Ft. Annual Rental potential Annual Rental potential INR 250 – 300 Mn INR 1,000 – 1,150 Mn (FY23) (FY

  22. Slide 22: LiveWell Experiences under Design and Development

    Growth & Opportunities LiveWell Experiences under Design and Development Artistic Rendition Representative image Estate 128, Noida Estate 360, Gurugram Premium Residential Units 201 Development Potential ~2.4 mn. sq. ft. Gross Development Value INR 18,000 Mn + Gross Development Value INR 32,000 Mn +

  23. Slide 23: Well diversified RE portfolio across Delhi NCR

    Growth & Opportunities Max Estates has successfully curated a well diversified RE portfolio across risk spectrum, asset class and geography within Delhi NCR Geography Asset class Stages of delivery 3% 13% 25% 25% 41% 39% 59% 11% 51% 34% ■ Delivered ■ Under construction/planning ■ Delhi ■ Gurgaon ■ N

  24. Slide 24: Indicative Growth Pipeline

    Growth & Opportunities Indicative Growth Pipeline Asset Location Asset Class Super Built-up Area Engagement Status Noida​ Mixed​ 2.6 mn. sq. ft.​ Regulatory Approval​ Commercial Noida​ Residential​ 2.3 mn. sq. ft.​ Negotiation​ Commercial Delhi​ Residential​ 0.14 mn. sq. ft.​ Negotiation​ Delhi​ Res

  25. Slide 25: Board of Directors – Max Estates

    - People Board of Directors – Max Estates Analjit Singh Niten Malhan Ka Luk Stanley Tai Gauri Padmanabhan D K Mittal Chairman Independent Non-Executive Independent Independent Director Director Director Director • Founder and • Founder and • Managing Director • Ex-Global partner, • Former Indian Cha

  26. Slide 26: Attracting, Nurturing and Retaining Exceptional Talent

    - People Attracting, Nurturing and Retaining Exceptional Talent No. of employees Nov-23 175 Mar-23 109 Mar-22 102 Mar-21 65 Mar-20 48 Mar-19 39 Mar-18 35 Mar-17 34 Apr-16 27 24

  27. Slide 27: Executive Management team of Max Estates (1/2)

    - People Executive Management team of Max Estates (1/2) Sahil Vachani Rishi Raj Amit Midha Managing Director & COO – Max Estates Head - Max Asset Services CEO-Max Estates • Ex-COO, Centre of Expertise for Strategy & Corporate • Over 26 years cumulative experience with a prior Finance at McKinsey & C

  28. Slide 28: Executive Management team of Max Estates (2/2)

    - People Executive Management team of Max Estates (2/2) Sahil Vachani Rajendra Singh Vipin Sharma Managing Director & Head Projects-CRE-Max Estates Head Projects-Residential-Max Estates CEO-Max Estates • Over 25 years of experience in Project Management and • Over 20 years of experience with organiz

  29. Slide 29: Dedicated and experienced team across key verticals

    - People Dedicated and experienced team across key verticals 12+ 11+ 16+ 12+ 25+ Anshul Gaurav Saumya Saxena Raghwendra Bijay Rahul Arora Amit Srivastava AVP & P&L Head Head – Design Product AVP – Projects Head - Leasing Head - Sales (Commercial) 25+ 14+ 26+ 20+ 14+ 12+ Yamin Ali Vishal Sharma Anil

  30. Slide 30: Embarked on ESG journey early on

    Systems & Processes Embarked on ESG journey early on to ensure sustainable growth Completed In progress To be initiated Crystallization of Implementation Publish short-term2, Participation in of medium-term Sustainability medium-term3 GRESB1 recommendations Report and long-term4 ongoing recommendati

  31. Slide 31: Green and Health & Wellbeing Certifications

    Systems & Processes Green and Health & Wellbeing Certifications Max Towers - Certified LEED Max House - Certified LEED Gold Max Square - Certified IGBC Platinum from USGBC and Health certified and Health and Platinum for Green and pre and Wellbeing Gold from IGBC Wellbeing Gold from IGBC certified f

  32. Slide 32: Corporate Social Responsibility Initiatives

    Systems & Processes Corporate Social Responsibility Initiatives – Working Well within our Community Max Estates and Max India Foundation (CSR arm of Max Group) collaborate to improve communities by engaging with local groups to ensure positive impact. Max Estates is exploring partnership with Habita

  33. Slide 33: Real Estate technology partnerships across the value chain

    Systems & Processes Real Estate technology partnerships implemented across parts of value chain Non exhaustive Clairco SAP ~ Clairco Cl9;inp r ,t,,rCVl''l'"!99d Solution to provide enhanced air purification and real-time air quality monitoring for the wellness of our occupants ~ comprehensive ERP of

  34. Slide 34: Max Square – From Ground to Glory in a record timeline

    Execution Max Square – From Ground to Glory in a record timeline Completed in record time ~ 3 years despite NGT ban & COVID-19. 32

  35. Slide 35: The Central Forest Courtyard at Max Square

    Execution The Central Forest Courtyard at Max Square 33

  36. Slide 36: Achieving the Perfect Blend – An Enviable Tenant Mix

    Execution Achieving the Perfect Blend – An Enviable Tenant Mix Marquee Tenant Profile ■ DBS esri India tl l~~ G)VEOLIA KAMA Q~!f...{f!gal } \ 'i' J R V F 1l .'\ EMERSON. 0 KCHOAI.:.~.~ & $11<CE1911 ~. litfA=t+iUI (\JJ UDACI TY esPACES. SAMSUNG dhampur G HWIA- TI\TI\ TATA TELESERVICES LIMITED 34

  37. Slide 37: Elevating the Customer Experience – An Ecosystem of Amenities

    Execution Elevating the Customer Experience – An Ecosystem of Amenities Non exhaustive Daycare Auditorium Cafeteria Meditation Room Event Spaces Food Court Retail Stores A work environment that is good for people is great for business 35

  38. Slide 38: Driving Customer Delight through WorkWell Philosophy

    Execution Driving Customer Delight through WorkWell Philosophy Through exciting Pulse events, an improved F&B mix at The Hub, and the creation of additional parking spaces for visitors, the operations team are consistently striving to elevate the overall satisfaction of our valued tenants. The team

  39. Slide 39: Driving Sustainable Change

    Execution Driving Sustainable Change Rating and Certifications Sustainable materials Max Estates has set standards very high by certifying Building construction materials with low embodied all its assets by USGBC LEED and IGBC green building energy are used to reduce the carbon footprint of the cert

  40. Slide 40: Max Estates emerging as a leading real estate brand in Delhi NCR

    Brand Max Estates emerging as a leading real estate brand in Delhi NCR T1cmEco:-.m11cTrn10s Industry -·- A1Jt0 • Tm; EcoN<:>~nc Tlill-IB Industry 8trllc~.......:a - Cc,ni,Ptoducu. • £- w • ["91~ - D ' 1 • I T~ P -• ~~ - 1nr11~ . kMlmc...,.'Qiouct, . s.,,"°" . "'-1[.....,...n_ . Mew• • H ome Latest !

  41. Slide 41: Awards and recognition for excellence (1/2)

    Brand Awards and recognition for excellence (1/2) Max Estates • Emerging Developer of the Year – ET Real Estate Awards’22 • Emerging Developer of the Year – Commercial (North) - 13th Estate Awards’21 • Best Campaign (Bronze) – ET 3rd Kaleido Awards’21 • Developer of the Year (Commercial) – ET Now Re

  42. Slide 42: Awards and recognition for excellence (2/2)

    Brand Awards and recognition for excellence (2/2) Max House • Excellence in Built Environment – Indian Buildings Congress for FY 21 • Environment Friendly Project of the Year – Commercial – 13th Annual Estate Awards’21 • Design project of the year – Realty Conclave Excellence Awards’20 • Most Sustai

  43. Slide 43: Investment Rationale

    Investment Rationale Focus on design, well being and end consumer Focused approach on NCR market – land acquired experience for 8 Mn Sq. Ft. developments Enhancing quality of life through the spaces we create + • • Focus on development & management of Grade-A Commercial Real Estate in NCR, • Focusin

  44. Slide 44: WorkWell & LiveWell experiences - Operational

    WorkWell & LiveWell experiences - Operational www.maxestates.in

  45. Slide 45: Our Current WorkWell and LiveWell experiences

    Our Current WorkWell and LiveWell experiences WorkWell Experiences LiveWell Experience Max Towers: Noida Max House: Okhla Max Square: Noida 222 Rajpur: Dehradun A highly awarded, LEED A LEED Gold office This will be an is IGBC A gated community with ready to move in Platinum commercial office develo

  46. Slide 46: 222 Rajpur – Key highlights

    222 Rajpur – Key highlights Area ~5 acre Abutting the Malsi Reserve Forest Limited inventory of 22 ~ bespoke residences 100% Sold 44

  47. Slide 47: View of Malsi Forests from the residences

    View of Malsi Forests from the residences 45

  48. Slide 48: Night View

    Night View * w i iy ow mies See

  49. Slide 49: Orchards

    ~ Orchards | Nea

  50. Slide 50: Max Towers – Key highlights

    Max Towers – Key highlights Leasable Area On DND Flyway, at ~0.6 mn. sq. ft. entrance of Noida Rental~ 25-30% Occupancy 100% premium to micro market Certified LEED Marquee tenant Platinum from profile USGBC and Health ESRI India, IEX, Veolia, Kama and Wellbeing Gold Ayurveda, Cyril Amarchand Mangald

  51. Slide 51: The Cube

    The Cube 49

  52. Slide 52: Reception

    Reception 50

  53. Slide 53: Food Court

    Food Court 51

  54. Slide 54: Café at Max Towers

    Café at Max Towers 52

  55. Slide 55: Max House – Key highlights

    Max House – Key highlights Leasable Area Boutique campus ~ ~0.3 mn. sq. ft. ~ development in CBD of South Delhi Rental~ 25-30% Occupancy 100% premium to micro market LEED Gold certified Marquee tenant and Health and profile Wellbeing Gold from Nykaa Fashion, Samsung, IGBC India Electronics, Target,

  56. Slide 56: Grand Entrance

    Grand Entrance 54

  57. Slide 57: Lobby

    Lobby 55

  58. Slide 58: Security Turnstile

    ..·--- Security Turnstile 56

  59. Slide 59: Lift Lobby

    Lift Lobby 57

  60. Slide 60: Max Square – Key highlights

    Max Square – Key highlights Leasable Area ~0.7 mn. sq. ft. On Noida- Gr. Noida ~ Expressway w ' ' 50% Leased* Designed around a central forest IGBC Platinum certified for Green and pre certified for Health & Wellbeing *Including LOI 58

  61. Slide 61: Central Forest Courtyard

    Central Forest Courtyard 59

  62. Slide 62: Multi purpose Hall

    Multi purpose Hall 60

  63. Slide 63: Food Court

    Food Court 61

  64. Slide 64: Artwork 'Jogger' at the entrance

    Artwork ‘Jogger’ at the entrance I /_ 62

  65. Slide 65: Our Upcoming WorkWell and LiveWell experiences

    Our Upcoming WorkWell and LiveWell experiences WorkWell Experiences LiveWell Experiences Representative image Representative image Representative image Artistic Rendition Representative image Max Square Two, Noida Max 65, Gurgaon Estate 128, Noida1 Estate 360, Gurgaon Located in Sector 129, the site

  66. Slide 66: Estate 128 – Our first luxury residential project in NCR

    Estate 128 – Our first luxury residential project in NCR Leasable Area ~ ~10 acres llSI Rectangular & - contiguous Abutting Noida Gr. Noida Expy Frontage of ~340 m on expressway ~ 7 acres of gardens/ lawns IGBC Platinum pre- certified for Green Homes The Project is being developed by Max Estates 128

  67. Slide 67: Naturally landscaped gardens and lawns

    Naturally landscaped gardens and lawns 65

  68. Slide 68: Spacious units

    ae. \RTISTIC RENDITION he mili I o " in la =f Spacious units

  69. Slide 69: Swimming pool at The Hub at Estate 128

    Swimming pool at The Hub at Estate 128 The Hub – Pool view 67

  70. Slide 70: Large wrap around decks in the units

    Large wrap around decks in the units 68

  71. Slide 71: Thank You!

    UPA[AAN.,, ,JPACA•PAJ44&<o!i9 UPAER,t,-t,• 1<1 www,;o,.,.o Committed to your wellbeing, every day 'l'ou, uu-st ,nsp,res ,s 10 con1,no,atly dehver our LtveVlle/1 prom We endeavor to exceed your • ~pect.:i t,oni ,n ev..,-ythll"lg we do, •nd stay,;omm,ue-d to our p1omlse or enabling hom,toc wellbeing I

  72. Slide 72: Estate 360, Gurgaon – inter-generational community at scale

    Estate 360, Gurgaon – Delhi NCR’s first inter-generational community at scale Land Area = ~11.8 acres At the confluence of 3 Gurgaon’s major corridors ~2.4 Mn sq. ft. of development Opposite 220-acre cA green zone and 50 m green belt and key commercial developments Representational image 70

  73. Slide 73: Max Square Two – Key highlights

    Max Square Two – Key highlights Land Area = ~4 acres w Development potential of ~1 mn sq. ft. Abutting Noida ~ Gr. Noida Expy rJ) Contiguous Max Square to 6.5 acres of office led fA mixed use development potential IGBC Platinum pre- certified for Green New Building Representational image 71

  74. Slide 74: Max 65, Gurgaon – First CRE project in Gurgaon

    Max 65, Gurgaon – Max Estates’ First CRE project in Gurgaon Land Area = ~7.15 acres Contiguous shape with separate entry for retail space Abutting Golf Course Extension Road from North Corner Plot Direct access from 3 sides Representational image 72 72

  75. Slide 75: Performance Overview

    Performance Overview www.maxestates.in

  76. Slide 76: Summary: Results for H1 FY24 & Updates

    Summary: Results for H1 FY24 & Updates Max Estates Limited H1 FY24 Financial Highlights: • Cons olidate d Revenue s t ood at INR 388 Mn in H1 F Y 24 • Consolidate d EBITDA stood at INR 37 Mn in H1 F Y24 • Cons olidate d P B T s tood at INR (532) Mn and P A T s t ood at INR (429 ) Mn in H1 F Y24 on a

  77. Slide 77: WorkWell Experiences

    WorkWell Experiences Max Towers, Noida • T otal leased area owned by Max E s tates in Max Towers continues to be 100% occupied • Leas e rental income from Max T owers stood at INR 182 Mn in H1 F Y24 Max House, Okhla • Max House Phas e 1 continues t o be 100% occupied • Leas e rental income from Max

  78. Slide 78: WorkWell Experiences

    WorkWell Experiences Max House, Phase 2 • Max House Phas e 2 is an extens ion of Max House P has e 1, with a larger leasable area of ~0. 15 Mn Sq. F t • P roject is in the final s tages of completion . • T he P ro ject has rec e ive d e x ce l l ent t rac tio n i n te r ms of d e ma nd f ro m bot h

  79. Slide 79: WorkWell Experiences

    WorkWell Experiences Max 65, Golf Course Extension, Gurugram • A ~7. 15 ac re l a nd p arce l w ith a le as ab l e ar ea ~ 1. 6 M n s q. f t . , lo cated r i g ht on Go l f Co urs e E xte ns i on Roa d, a pr i m e of f ice v ecto r ma rk i n g ME L’ s ent ry in G ur ga on . T he lo c ati on is at 10

  80. Slide 80: LiveWell Experiences

    LiveWell Experiences Estate 128, Noida • Co m pan y’s f irst lu x ury r es i de nti a l p roj ect in N CR h as bee n f u l l y so l d a nd ha d ga rne re d a pr e- fo r ma l l a unc h s ale of Rs . 1, 800+ crores . • O ver t he l ast th ree mo nths , t he Co m pa ny h as c o l le cted ~R s . 330 cr

  81. Slide 81: Max Estates Limited – Performance Highlights

    Max Estates Limited – Performance Highlights Total Leased Area for Max Total Revenue for Max Estates (MEL) Estates as on Sept 2023 H1 FY23 – INR 388 Mn 7.39 lac sq. Ft. Lease Rental Income for Debt as on Sept 2023 Max Estates Key External Debt : INR 7,904 Mn* H1 FY24 - INR 268 Mn Highlights (Includi

  82. Slide 82: Max Estates – Operational Metrics

    Max Estates – Operational Metrics Total Leased Area (in Sq. Ft.) Lease Rental Income (INR Mn.) 1 739,286 485 373 400,563 407,286 268 296,649 178 I FY21 l FY22 FY23 H1 FY24 I FY21 I FY22 FY23 H1 FY24 Quarterly Trend Total Leased Area (in Sq. Ft.) Lease Rental Income (INR Mn.) +81%) i - - - - - - - -

  83. Slide 83: Max Asset Services – Revenue Trend

    Max Asset Services – Revenue Trend Yearly Trend (INR Mn.) Quarterly Trend (INR Mn.) 1 361 159 239 80 71 64 135 128 47 FY21 FY22 FY23 H1 FY24 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 1 - on account of fit out revenue 81

  84. Slide 84: Max Towers & Max House – Operational Metrics

    Max Towers & Max House – Operational Metrics Max Towers, Noida Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Net leased area owned by MEL (Sq. 3,01,860 3,01,860 3,01,860 3,01,860 3,01,860 Ft.) Net leased area as a % of total area 100% 100% 100% 100% 100% owned by MEL Lease Rental Income Max Towers, Noida (INR

  85. Slide 85: Max Estates - Profit & Loss Statement

    Max Estates - Profit & Loss Statement Consolidated Profit & Loss (In INR Mn) Q2FY24 Q2FY23 Q1FY24 H1FY24 H1FY23 Net Sales 204.9 274.4 182.8 387.6 547.6 Cost of Goods Sold 0.0 60.2 0.0 0.0 99.7 Employee benefit expense 31.0 45.3 26.7 57.7 90.1 Advertisement and Marketing expense 90.7 13.4 41.2 131.9

  86. Slide 86: Max Estates – Balance Sheet as on 30th September 2023

    Max Estates – Balance Sheet as on 30th September 2023 Assets (INR Mn.) Sep’23 Mar’23 Equity & Liabilities (INR Mn.) Sep’23 Mar’23 Non-Current Assets 19,367 16,582 EQUITY 14,282 12,538 Property, Plant and Equipment 73 58 Equity Share Capital 1,471 Investment Properties 17,340 14,051 Pending for allot

  87. Slide 87: Safe Harbor

    Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepa red by Max Estates 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 securiti

  88. Slide 88: Details of Group Entities

    Details of Group Entities • Max Estates Ltd. (CIN no. U70200PB2016PLC040200) is having its Corporate office at Max Towers, L -15, C - 001/A/1, Sector- 16B, Noida, Gautam Buddha Nagar, Noida UP 20130 & Registered office at 419, Bhai Mohan Singh Nagar Village Railmajra, Tehsil Balachaur, Nawanshehar,

  89. Slide 89: Max Estates Limited contact details

    t MAX ~ESTATES MAX ESTATES LIMITED L-15, Max Towers, Sector – 16B, DND Flyway, Noida, UP - 201 301 Tel: +91 120 4743200 | www.maxestates.in CIN no. U70200PB2016PLC040200 Disclaimer This document contains proprietary and confidential information that is not in the public domain. This document and its

Max Estates — H1 FY24 Earnings Presentation on 6ix