Slide 1: Cover letter to BSE and NSE
August 14, 2024 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Street Bandra (East) Mumbai – 400 001 Mumbai – 400051 Scrip Code: 543223 Name of Scrip: MAXIND Sub: Investor Release – Q1 F
Slide 2: Investor Release August 14, 2024
Investor Release August 14, 2024
Slide 3: 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
Slide 4: Significant Progress Across Business Verticals
SIGNIFICANT PROGRESS ACROSS BUSINESS VERTICALS
Slide 5: Key Performance highlights of Q1FY25
Key Performance highlights of Q1FY25 Assets : Residences Services: Assisted Care Products: AGEasy Gurugram: Launch by 136 new beds added: Respiratory health MEGL* expected in Aug- • 53 beds in Noida condition launched Sep’24. Expecting good • 83 beds in Bengaluru response from prospective customers.
Slide 6: Residences: Noida Collection ahead of plans; Doon continues to be cash surplus
Residences: Noida Collection ahead of plans; Doon continues to be cash surplus; Growth opportunities on track.. Q1FY25 Gurugram* Bengaluru • 292 units to be constructed Doon Update: • Approval activities • Built-up area 0.7 mn sqft • Cash surplus of Rs 120 Cr underway • RERA application filed, as of
Slide 7: Assisted care: Care at Home and AGEasy registered highest ever revenue in Q1FY25
Assisted care: Care at Home and AGEasy registered highest ever revenue in Q1FY25; New Care Homes added - Noida (53 beds) & Bengaluru (83 beds); 600 beds to be operational by FY25 end Q1FY25 CARE HOMES CARE AT HOME AGEASY • Care Home: Revenue Expanding footprint in • Care Homes added - • •Expanding f
Slide 8: Business and Financial Performance Update
BUSINESS AND FINANCIAL PERFORMANCE UPDATE
Slide 9: Strong endorsement for our brand and offerings by customers, employees and partners
Strong endorsement for our brand and offerings by customers, employees and partners Strong endorsement for our brand Antara has been certified as Great Place to Work and offerings by customers and received Business World HR Excellence Award • Residences (Doon): SAT index at 85% (Q4FY24 90%) • Care H
Slide 10: Financial Performance: Results better than expected across all business verticals
Financial Performance: Results better than expected across all business verticals in Q1FY25; Revenues shall improve as we launch new projects; Focus now on scale-up in FY25 ▪ Consolidated revenue of Rs 32 Cr for Q1FY25 vs Rs 50 Cr in Q4FY24, 35% lower than last quarter, due to lesser inventory Conso
Slide 11: Residences for Seniors
Residences for Seniors
Slide 12: 1st Community - Antara Dehradun
1st Community - Antara Dehradun – All units sold in Mar’24, continues to be cash and PBT positive, Cash surplus Rs 120+ Cr as of Jun’24 14 Acres 5,75,500 1,400-6,600 Land Parcel of the Saleable area Average Apartment company's flagship in sq ft Size range in Sq Ft project 60,000 Rs 120 Cr 192 units
Slide 13: 2nd Community - Antara Noida Phase 1
2nd Community - Antara Noida Phase 1: All units sold in Mar’23, collection efficiency ~ 99% 340 ~7,45,000 2,000 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 40:60 ~Rs 10,4001 efficiency Channel Mix (%) Sales Realisation ~ 99% Cumulative sales and collection trend
Slide 14: Antara Noida: Cost headwinds being mitigated; Phase 2 approval delay
Antara Noida (Under Construction): Cost headwinds being mitigated through sales velocity, price increase and timely delivery; headwinds for Phase 2 approval continues leading to delay in launch resulting in IRR dip of 1% Project Cost for Phase - 1&2 (including Land) Antara Fee (S&M, PM) Noida Phase
Slide 15: Noida Phase I – Aerial View (1/2)
Noida Phase I – Aerial View (1/2) May 24 July 24 • Shuttering work for double basement • Slab casting completed for double basement Sep-23 14
Slide 16: Noida Phase I – Aerial View (2/2)
Noida Phase I – Aerial View (2/2) Residence 1 Residence 2 Residence 3 15
Slide 17: Noida Phase I – Renders
Noida Phase I – Renders Entrance Gate Reception Lobby & Den Club Drop-off 16
Slide 18: 3rd Community - Gurgaon: RERA application filed by the Developer
3rd Community - Gurgaon: RERA application filed by the Developer; Getting very good response from prospects; Senior Living managed by Antara; Revenue expected from Q2FY25 Events and Activities RERA approval in-progress planned for customer retention and CP collaboration Redefined the ANTARA Experien
Slide 19: Care Homes/ Memory Care Homes
Care Homes/ Memory Care Homes
Slide 20: Care Home: Net revenue at Rs 1.5 Cr in Q1FY25, Up 19% y-o-y
Care Home (CH): Net revenue at Rs 1.5 Cr in Q1FY25, Up 19%* y-o-y; Contribution margin* improved to 3% in Q1FY25 from -5% in Q1FY24 Occupancy trend at Care Homes (bed days) Care Homes Revenue (Rs Lacs) 17%* 19%* YoY YoY 3000 240 210 2492 2561 2250 180 2284 2320 129.2 153.9 2184 130.4 146 150 140.9 1
Slide 21: Gurugram CH unit economics established
Gurugram CH unit economics established; Net revenue at Rs 1.3 Cr in Q1FY25, Up 60% y-o-y; Contribution margins steadily improving from 6% to 25% in eight quarters Net Revenue (Rs Lacs) Key learnings so far 140 131.3 • Per day pricing in the range of INR 6000-6500 per day 120 110.7 97.9 98.3 • 23 pat
Slide 22: Care Homes capacity addition: Added ~136 beds
Care Homes capacity addition : Added ~ 136 beds (53 beds in Noida and 83 beds in Bengaluru); On plan for ~600 beds by Q4 FY25 Live In-progress Geography Existing Capacity (July’24) Planned in FY25 ▪ DLF Gurgaon -32 beds • Sector 24, Gurgaon-98 beds Delhi-NCR ▪ Memory Care Homes – 36 beds (Finishing
Slide 23: Care at Home
Care at Home 22
Slide 24: Care at Home – Highest ever net revenue ~ Rs 3.8 Cr in Q1FY25
Care at Home – Highest ever net revenue ~ Rs 3.8 Cr in Q1FY25, growth of 121% y-o-y; Contribution margin at 11% in Q1FY25 vs 17% in Q1FY24, impacted by expansion to new geographies. Q1FY25 NCR margin at 20% vs 18% in Q1FY24 Patient served (Nos) Care at Homes Revenue^ (Rs Lacs) 88% 3000 YoY 121% YoY
Slide 25: AGEasy
AGEasy HEALTH STUDIO BENGALURU | GURUGRAM
Slide 26: AGEasy: MedCare merged with AGEasy; Highest ever revenue Rs 4.7 Cr
AGEasy^: MedCare merged with AGEasy to bring cost synergies; Highest ever revenue Rs 4.7 Cr in Q1FY25, 294% y-o-y; Respiratory condition launched Key highlights AGEasy^ Revenue (Rs Lacs) MedCare AGEasy 294% • Respiratory condition launched with 6 products YoY 480 • 70% of customers via Marketplace a
Slide 27: Consolidated Financials
Consolidated Financials Consolidated Financials 26
Slide 28: Consolidated: Revenue at Rs 32 Cr in Q1FY25; EBITDA loss at Rs 21 Cr
Consolidated: Revenue at Rs 32 Cr in Q1FY25; EBITDA loss at Rs 21 Cr in Q1FY25 vs Rs 16 Cr in Q4FY24 Particulars (Rs Cr) Q1FY25 Q1FY24 % Q4FY24 % Total Income 32.1 45.5 -29% 49.6 -35% Total Expenses 53.6 52.4 65.7 EBITDA (21.5) (6.9) (16.1) Depreciation 3.9 2.4 3.0 EBIT (25.4) (9.3) (19.1) Finance C
Slide 29: Balance Sheet: Consolidated Net worth of Rs 466 Crores as of Jun'24
Balance Sheet: Consolidated Net worth of Rs 466 Crores as of Jun’24 Particulars (Rs in Crs.) 30-Jun-24 31-Mar-24 Particulars (Rs in Crs.) 30-Jun-24 31-Mar-24 Equity 465.6 492.3 Non-Current Assets 355.3 341.1 Non-Current Liabilities 69.9 53.2 Current Assets 331.3 343.2 Current liabilities 151.1 138.8
Slide 30: Well funded to pursue growth opportunities with Rs 405+ crores of Treasury
Well funded to pursue growth opportunities with Rs 405+ crores of Treasury and other monetisable assets for next 18-24 months Senior living – Residences for Seniors Assisted Care Services – Other Assets^ (Rs 225 Cr) Invested Capital (Rs 441 Cr) Invested Capital (Rs 202 Cr) Antara Senior Living inclu
Slide 31: 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