Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q3 FY2022 Earnings Presentation
39 slides from Mahindra Lifespace Developers's earnings presentation, Feb 4, 2022
Slide 1: Covering letter to stock exchanges
4th February, 2022 BSE Limited National Stock Exchange of India Limited Corporate Services, Exchange Plaza, Piroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai 400051 Mumbai – 400 001 Listing: http://listing.bseindia.com Listing: https://www.connect2nse.com/LISTING/ R
Slide 2: Investor Presentation Q3 FY2022
\ r { Heiedaa Investor Presentation Q3 FY2022 Mahindra Happinest at MWC Chennai Artist’s impression
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 t
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 Q3 FY2022
Investor Presentation Q3 FY2022 4
Slide 6: Journey and milestones
Entry Merger MWC Jaipur SCM JV Sumitomo JV Financial Origins Chennai 100th client at MWC Launch Happinest TERI Partnership Partnership Launch MWC Jaipur Chennai Launch Rights Issue Origins Launch Origins Launch Ahmedabad development IFC Partnership Mahindra Group MRIDL and
Slide 7: Investor Presentation Q3 FY2022
Investor Presentation Q3 FY2022 6
Slide 8: Sustainability recognitions
1st position for MWC Chennai is India’s first Zero waste-water MWC Jaipur received C40 2nd position in Corporate Sustainability Performance certified zero waste to landfill city discharge at all facilities Stage 2 Certification Social Responsibility Investor Presentation Q3 FY2022 7
Slide 9: As on 31st December 2021
As on 31st December 2021 Market Capitalization INR 3,748 cr Shareholding Pattern (%) 21.0% Shares Outstanding 15.45 cr 51.3% 17.0% Free Float 1,824 cr 10.6% Symbol (BSE) / (NSE) 532313 / MAHLIFE Promoters FII MF Others 5000 BSE REALTY MAHLIFE 300 Key Institutional Investors 250 ICICI Prudential Asse
Slide 10: Stakeholder preferences and regulatory reforms
Stakeholders Preferences Regulatory Reforms • Buyers' inclination towards renowned • RERA – Transforming the RE landscape developers & ready or near-ready o Shift of purchasing power to buyers inventory o Builder’s accountable for timely delivery & quality • Strong Brand & Parentage • Landowners cho
Slide 11: Targets for 2025
Rs. cr Rs. cr by 2025 by 2025 Rs. cr Rs. cr msft Exploring allied Target Markets Development Land acquisitions opportunities in potential per every year, worth Land acquisitions across all existing Sales Activation project sales potential of in well-developed locations with lease premises Launch of
Slide 12: Q3 FY22 and 9M FY22 highlights
During Q3FY22, Finalised terms for a land parcel in Dahisar under joint development, having development potential of msft. Sales Volume Launches Sales Volume Launches (RERA Carpet Area: 0.19 msft) (RERA Carpet Area: 0.54 msft) Sales Value Completions Sales Value Completions Collections Handovers Col
Slide 13: Consolidated results
(Rs. cr, unless specified) CONSOLIDATED RESULTS Q3 FY22 Q2 FY22 Q3 FY21 Income from Operations 24.3 59.2 65.2 Other Income 9.0 6.5 5.0 Total Income 33.3 65.7 70.2 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates (32.9) 12.2 (18.3) Share in Net Profit / (Loss) of Associates 49.8
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 projects
1 2 3 Roots, Lakewoods, Bloomdale, Happinest Happinest Happinest Luminare, Mumbai Chennai Nagpur Kalyan Avadi Palghar Ph 1 NCR (Under (Under (Actual (Under (Actual (Actual (Actual Construction) Construction) Image) Construction) Image) Image) Image) Investor Presentation Q3 FY2022 14
Slide 16: Residential business structure
M&M 51% MLDL 100% 72% 51% 74% 89% MBDL MHPL MHDL MITL 26% MWCDL - Bloomdale - Luminare - Happinest Palghar - Lakewoods - MWC Chennai - Happinest Kalyan - Happinest MWCC 28% 100% 49% Actis HDFC Capital MRDL - Aqualily Investor Presentation Q3 FY2022 15
Slide 17: Residential performance FY17-FY21
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 1.69 963 930 1.31 1.16 1023 758 1.07 0.9 660 603 670 695 611 536 336 328 331 288 241 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Launches (msft) Completions (msft) 1.84 1.55 1.17 0.97 0.94 1.07 0.93 0.6
Slide 18: Residential quarterly performance
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr) 0.52 469 0.39 346 0.31 0.32 303 297 251 255 195 0.18 204 171 145 110 104 69 70 51 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Launches (msft) Completions (msft) 0.76 0.41 0
Slide 19: Ongoing and completed 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 Roots 0.14 0.14 0.00 NA 0.14 0.11 144 100% MMR Vicino 0.26 0.18 0.00 NA 0.18 0.14 238 75% Alcov
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) Vicino 0.09 New Project (Dahisar) # 0.86 MMR Alcove # 0.16 New Project (Kalyan) 1.09 MMR Meridian (Alibaug)* 0.13 Pune New Project (Pune) 0.44 Happ
Slide 21: Balance inventory to sell
Location Project Name Company Balance units to sell NCR Luminare II MHPL 7 Chennai Aqualily Apts MRDL 2 Happinest Boisar MLDL 72 MMR Meridian (Alibaug) MLDL 10 Happinest Palghar 1 MHDL 47 TOTAL 138 Happinest Boisar Happinest Palghar I Luminare Note: All figures correspond to MLDL and associates, inc
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 ^ 2365 Estimated Sales ^ 1908 Estimated Sales ^ 2216 Less: Amount Collected of Sold Units 899 Less: Estimate
Slide 23: Digital and 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) 2.6 2.5 2.7 2.3 2.3 2.1 93.1 85.6 74.3 61.6 39.6 46.4 FY17 FY18 FY19 FY20* FY21* 9M FY22 Investor Presentation Q3 FY2022 * Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres) 24
Slide 26: IC & IC business 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 Q3 FY2022 * IFC is a strategic partner in MWCJL & MIPPL. 25
Slide 27: Gross and leasable area, balance inventory
Gross Area: 1524 acres Balance Inventory in MWCDL Gross Area Leasable Area: 1145 acres Leasable Area* 289 Leased Area 60 25 1120 209 237 53 25 MWC Chennai Origins Chennai Ph 2 Acres Leased Unleased Outside MWC Boundary Gross Area: 2913 acres Balance Inventory Gross Area Leasable Area: 2011 acres 340
Slide 28: Leased area, pricing and park O&M income
Leased Area (Acres) Park O&M, Chennai (Rs. cr) 93.1 24.0 23.3 23.3 74.3 22.8 61.6 18.6 17.7 66.8 16.4 46.2 46.4 44 39.6 15.4 15.1 28.8 23.3 7.5 17.6 24.1 1.2 2.2 FY17 FY18 FY19 FY20* FY21* FY19 FY20 FY21 MWC Chennai MWC Jaipur Origins Chennai Total Income Expenses Average Price Per Acre (Rs. cr) Par
Slide 29: Customers (operational)
customers ( operational) customers ( operational) customers ( operational) Investor Presentation Q3 FY2022 28
Slide 30: Land bank
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 Q3 FY22 Q2 FY22 Q3 FY21 9M FY22 9M FY21 Income from Operations 24.3 59.2 65.2 231.8 110.3 Other Income 9.0 6.5 5.0 21.4 19.4 Total Revenues 33.3 65.7 70.2 253.2 129.7 Operating Expenses 17.4 9.1 47.8 163.7 72.9 Employee Remuneration & Benefits 20.0 23.3 19.5 66.1 55.6 Finance
Slide 33: Balance sheet
EQUITY & LIABILITIES 9M FY22 FY21 ASSETS 9M FY22 FY21 Equity Share Capital 154.5 51.4 Property, Plant and Equipment 7.6 3.8 Other Equity 1,498.2 1,579.7 Right of Use Assets 6.3 0.6 Networth 1,652.7 1,631.1 Capital Work-In-Progress 15.7 14.6 Non-Controlling Interest 48.4 42.0 Investment Property 20.1
Slide 34: Segment results
Residential IC & IC SEGMENT RESULTS Q3 FY22 9M FY22 Q3 FY22 9M FY22 Area Sold (msft) / Land Leased (acres) 0.32 msft 0.88 msft 51.1 acres 85.6 acres Sales / Lease Income 251 700 139 227 Income from Operation 187 452 155 279 Other Income 10 24 0.6 0.9 Total Income 196 477 156 280 Cost of Sales 181 42
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 Arun Nanda 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 Busines
Slide 37: Board of directors
Mr. Arun Nanda Mr. Arvind Subramanian Dr. Anish Shah (Chairman) (MD & CEO) (Non-Executive, Non Independent Director) Holds degree in Law, FCA & FCS B.Tech, from IIT, Madras and MBA from IIM, Ph.D. - Carnegie Mellon’s Tepper Business Chairman of Mahindra Holidays & Resorts Ahmedabad School, M
Slide 38: Investor Relations Contact
Investor Relations Contact Mr. Sumit Kasat Ms. Ruchika Jain Sr. General Manager – Finance & Investor Relations Manager – Investor Relations & Business Analytics Email: kasat.sumit@mahindra.com Email: jain.ruchika@mahindra.com Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 th 5 Floor
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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