Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q4 FY2023 Earnings Presentation
38 slides from Mahindra Lifespace Developers's earnings presentation, Apr 25, 2023
Slide 1: Exchange filing cover letter
25th April, 2023 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 Q4 FY2023
*Actual Image INVESTOR PRESENTATION Q4 FY2023 Mahindra Roots, MMR 0
Slide 3: Disclaimer
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
Slide 4: Index
INDEX 1. Snapshot MLDL Overview 2. At Glance MLDL Residential 3. Stock Performance MLDL IC & IC 4. Strengths MLDL Financials 5. Strategy MLDL Leadership 6. Highlights – Operational & Financial 2
Slide 5: MLDL Snapshot
MLDL Overview MLDL SNAPSHOT Committed to transforming India’s urban landscape through its Residential and IC&IC developments 2 Business Verticals: 48 IC&IC | Residential Residential Projects 25+ years INR 5,452 cr Of Legacy Market Capitalisation 3 cities as on 31st March’23 7 cities Presence in IC&I
Slide 6: MLDL At Glance - Evolution
MLDL Overview MLDL AT GLANCE - EVOLUTION Progressing on our way to achieve core purpose of following triple bottom line philosophy viz., People, Planet and Profit. 2001 2013 1994 2007 2002 2014 Entry Merger | MWC Chennai Launch MWC Jaipur Launch SCM JV | Happinest Launch • Mahindra Group forays into
Slide 7: MLDL At Glance - Awards and Recognitions
MLDL Overview MLDL AT GLANCE - AWARDS AND RECOGNITIONS We have been recognized in many facets - Top Builder, Great Place to Work, Sustainability and many more 2022 2021 2019 1. Construction World conferred MLDL 1. MWC in Chennai and Jaipur ranked as 1. Ranked 17th in the list of Great Places to Work
Slide 8: MLDL At Glance - Sustainability
MLDL Overview MLDL AT GLANCE - SUSTAINABILITY Published 1st Integrated Report and BRSR* Recognized by CDP, TCFD, GRI & GRESB 1. ONLY INDIAN company - Double A Leadership score in CDP 2022 -Climate Change and Water Security 2. Supplier Engagement Leader (A Rating – 3rd year in a row) – CDP 2022 Commi
Slide 9: MLDL Stock Information
MLDL Overview MLDL STOCK INFORMATION As on 31st March 2023 Shareholding Pattern (%) Market Capitalization Shares Outstanding INR 5,452 cr 15.46 cr 11.3% Promoters 18.0% FII 51.3% MF Free Float Symbol (BSE) / (NSE) Others 19.4% 2,656 cr 532313 / MAHLIFE 800 BSE REALTY MAHLIFE Key Institutional Invest
Slide 10: MLDL Strengths
MLDL Overview MLDL STRENGTHS Organised players likely to benefit disproportionately Regulatory Reforms Stakeholders Preferences • RERA – Transforming the RE landscape • Buyers' inclination towards trusted developers with a strong delivery o Shift of purchasing power to buyers track record o Builder’
Slide 11: MLDL Strategy
MLDL Overview MLDL STRATEGY Rs. 2,500 cr Rs. 500 cr by 2025 by 2025 Residential IC & IC Annual Sales Annual Lease Rs.456 cr Rs. 1,812 cr Rs. 695 cr Rs. 129 cr 2021 2023 2025 2021 2023 2025 MMR, Pune & 0.5 to 1.5 msft 3-4 Non- Accelerated Origins Origins Pune Exploring allied Bengaluru Development La
Slide 12: MLDL Highlights - Operational
MLDL Overview MLDL HIGHLIGHTS - OPERATIONAL RESIDENTIAL** 0.49 msft Sales Volume 0.41 msft Launches 2.23 msft Sales Volume (RERA Carpet Area: 0.32 msft) 3.19 msft Launches (RERA Carpet Area: 1.41 msft) Rs. 361 cr Q4 0.25 msft Sales Value FY 2023 Completions Rs. 1,812 cr FY 2023 0.65 msft Sales Value
Slide 13: MLDL Highlights - Financial
MLDL Overview MLDL HIGHLIGHTS – FINANCIAL (Rs. cr, unless specified) CONSOLIDATED RESULTS Q4 FY23 Q3 FY23 Q4 FY22 Income from Operations 255.4 186.9 161.8 Other Income 14.9 11.2 (6.7) Total Income 270.3 198.1 155.0 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates (18.9) 27.1 50
Slide 14: Index
INDEX 1. Introduction MLDL Overview 2. Historical Trend MLDL Residential 3. Project Portfolio MLDL IC & IC 4. Sustainable Future Cash Flows MLDL Financials 5. Robust Technology MLDL Leadership 12
Slide 15: MLDL Residential | Introduction - Structure Overview
MLDL Residential MLDL RESIDENTIAL | INTRODUCTION - STRUCTURE OVERVIEW M&M 51% MLDL 100% 72.5% 51% 89% MBDL MHPL MHDL MWCDL* • Bloomdale • Lakewoods Luminare • Happinest Palghar • Nestalgia • Happinest MWCC • Happinest Kalyan • Aqualily 27.5% 49% HDFC Actis Capital Overview includes assets owning SPV
Slide 16: MLDL Residential | Introduction
MLDL Residential MLDL RESIDENTIAL | INTRODUCTION MLDL is pioneering development of green homes and thoughtfully designed living spaces Premium Residential Value Homes Total Development Footprint 27.86 msft 5.72 msft 33.58 msft Completed Development 18.18 msft 1.69 msft 19.87 msft Ongoing and Forthco
Slide 17: MLDL Residential | Historical Trend - Annual
MLDL Residential MLDL RESIDENTIAL | HISTORICAL TREND - ANNUAL Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 2.23 1153 1165 1.69 1.28 963 930 758 1.31 1.07 331 361 374 289 241 1023 670 695 1028 1812 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Launch
Slide 18: MLDL Residential | Historical Trend - Quarterly
MLDL Residential MLDL RESIDENTIAL | HISTORICAL TREND-QUARTERLY Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 0.65 0.80 308 304 304 0.61 271 286 0.47 0.49 0.60 0.40 0.40 137 136 93 70 75 328 602 399 450 361 0.20 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 0.0
Slide 19: MLDL Residential | Project Portfolio - Ongoing Projects
MLDL Residential MLDL RESIDENTIAL | PROJECT PORTFOLIO - ONGOING PROJECTS 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 Meridian II 0.04 0.04
Slide 20: MLDL Residential | Project Portfolio - Forthcoming Projects
MLDL Residential MLDL RESIDENTIAL | PROJECT PORTFOLIO - FORTHCOMING PROJECTS Future Phases of Ongoing Projects Estimated Saleable Location Project Name Segment Area (msft) Happinest Palghar Ph 2 Value Homes 0.18 7.07 msft MMR Total Forthcoming Projects Area Happinest Kalyan 2 Ph 2 Value Homes 0.54 H
Slide 21: MLDL Residential | Project Portfolio - Ready to Move Inventory
MLDL Residential MLDL RESIDENTIAL | PROJECT PORTFOLIO - READY TO MOVE INVENTORY Location Project Name Company Balance units to sell NCR Luminare MHPL 1 Pune Centralis MLDL 6 Lakewoods MITL 2 Chennai Aqualily MRDL 2 Bloomdale MBDL 1 Happinest Boisar MLDL 55 MMR Meridian (Alibaug) MLDL 5 Happinest Pal
Slide 22: MLDL Residential | Sustainable Future Cash Flows
MLDL Residential MLDL RESIDENTIAL | SUSTAINABLE FUTURE 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 ^ 5030 Estimated Sales ^ 4283 Estimated Sa
Slide 23: Index
INDEX MLDL Overview MLDL Residential 1. Introduction MLDL IC & IC 2. In Detail MLDL Financials 3. Land Inventory MLDL Leadership 21
Slide 24: MLDL IC & IC | Introduction
MLDL IC & IC MLDL IC & IC | INTRODUCTION Pioneer in this business with Pan India presence across Golden Quadrilateral and Delhi-Mumbai Industrial Corridor Integrated Cities Industrial Clusters MWC Chennai MWC Jaipur Origins Chennai Origins Origins Pune Ahmedabad (Forthcoming) • 60 kms from city, • 2
Slide 25: MLDL IC & IC | Introduction - Structure Overview
MLDL IC & IC MLDL IC & IC | INTRODUCTION - STRUCTURE OVERVIEW 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 Overview includes assets owning SPVs only. Shareholding perc
Slide 26: MLDL IC & IC | In Detail
MLDL IC & IC MLDL IC & IC | IN DETAIL MWC, Chennai Origins, Chennai Leasable Area: 1145 acres Balance Inventory in MWCDL 307 Gross Area 24 227 Leasable Area* 1121 89 Leased Area 127 64 237 24 MWC Commercial Origins Chennai Ph 2 Leased Unleased Outside MWC Boundary MWC Residential Acres MWC, Jaipur O
Slide 27: MLDL IC & IC | Details
MLDL IC & IC MLDL IC & IC | DETAILS Leased Area (Acres) 158.0 Park O&M, MWC Chennai (Rs. cr) 110.6 74.2 93.1 24.0 23.3 23.3 23.9 24.4 18.6 17.7 17.0 18.6 22.8 16.4 39.6 46.4 95 46.2 71.4 15.4 15.1 24.1 23.3 28.8 1.2 2.2 15.6 12.4 FY19 FY20* FY21* FY22 FY23 FY19 FY20 FY21 FY22 FY23 MWC Chennai MWC Ja
Slide 28: MLDL IC & IC | Marquee Clientele
MLDL IC & IC MLDL IC & IC | MARQUEE CLIENTELE MWC Chennai MWC Jaipur 84 customers (63 operational) 130 customers (74 operational) Infosys Campus BMW Central Avenue JCB DTA Zone Infosys Circle Origins Chennai Origins Ahmedabad 10 customers (3 operational) NH Access Planned Planned Construction Constr
Slide 29: MLDL | Land Inventory - Assets with Deep Value
MLDL IC & IC MLDL | LAND INVENTORY - ASSETS WITH DEEP VALUE Land Name Location Gross Area (acres) Development Plan # Land conveyance completed. Ghodbundar Road, Thane MMR 68 Planned as Mixed-use Development. Murud, Raigad MMR 1,291 Under study & evaluation stage. Planned to be developed as Origins,
Slide 30: Index
INDEX MLDL Overview MLDL Residential 1. Consolidated Results MLDL IC & IC 2. Segment Performance MLDL Financials MLDL Leadership 28
Slide 31: MLDL Financials | Consolidated Results - Profit & Loss
MLDL Financials MLDL FINANCIALS | CONSOLIDATED RESULTS - PROFIT & LOSS PROFIT & LOSS STATEMENT Q4 FY23 Q3 FY23 Q4 FY22 FY23 FY22 Income from Operations 255.4 186.9 161.8 606.6 393.6 Other Income 14.9 11.2 -6.7 53.0 14.7 Total Revenues 270.3 198.1 155.0 659.6 408.2 Operating Expenses 211.4 154.8 139.
Slide 32: MLDL Financials | Consolidated Results - Balance Sheet
MLDL Financials MLDL FINANCIALS | CONSOLIDATED RESULTS - BALANCE SHEET EQUITY & LIABILITIES FY23 FY22 ASSETS FY23 FY22 Equity Share Capital 154.7 154.5 Property, Plant and Equipment 13.8 11.8 Other Equity 1,651.1 1,634.0 Right of Use Assets 2.8 5.6 Networth 1,805.8 1,788.5 Capital Work-In-Progress 5
Slide 33: MLDL Financials | Segment Performance
MLDL Financials MLDL FINANCIALS | SEGMENT PERFORMANCE Residential IC & IC SEGMENT RESULTS Q4 FY23 FY23 Q4 FY23 FY23 Area Sold (msft) / Land Leased (acres) 0.49 msft 2.23 msft 68.8 acres 157.8 acres Sales / Lease Income 361 1812 201 456 Income from Operation 257 615 215 568 Other Income 31 77 7 11 To
Slide 34: Index
INDEX MLDL Overview MLDL Residential 1. Directors MLDL IC & IC 2. Management MLDL Financials MLDL Leadership 32
Slide 35: MLDL Leadership | Directors
MLDL Leadership MLDL LEADERSHIP | DIRECTORS Mr. Ameet Hariani Mr. Arvind Subramanian Amit Kumar Sinha Dr. Anish Shah MD & CEO Non-Executive Director, Chairman and Non-Executive, and Board Member Mahindra Non-Executive-Independent Director Non-Independent Director Lifespace) • Holds master’s degree i
Slide 36: MLDL Leadership | Management
MLDL Leadership MLDL LEADERSHIP | MANAGEMENT Parveen Mahtani Vimal Agarwal Krity Sharma Chief Legal Officer Chief Financial Officer Chief People Officer Ameet Hariani Non-Executive Chairman Rajaram Pai Viral Oza Jitesh Donga Chief Business Officer - Chief Marketing Officer Chief of Design Arvind Sub
Slide 37: Thank You
Thank You Investor Relations Contact Mr. Rabindra Basu Head Investor Relations Email: BASU.RABINDRA@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 5th Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/ 6747 8601 | Fax: 022 2497 5084 For more details vi
Slide 38: 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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