Man Infraconstruction Limited · NSE:MANINFRA
Man Infraconstruction — Q3 FY2025 Earnings Presentation
37 slides from Man Infraconstruction's earnings presentation, Feb 3, 2025
Slide 1: Exchange filing cover letter
EPC REAL ESTATE MAN INFRACON ST R UCTION LI M ITE D (CIN: L70200MH2002PLC136849) 3rd February, 2025 The Listing Department The Corporate Relationship Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Mumbai -
Slide 2: Investor Presentation – Q3 & 9m FY25
M A N INFRACONSTRUCTION LIMITED INVESTOR PRESENTATION – Q3 & 9m FY25 February 2025
Slide 3: Disclaimer
• This presentation has been prepared by and is the sole responsibility of Man Infraconstruction Limited (the “Company” / “MICL”). By accessing this presentation, you are agreeing to be bound by the trailing restrictions. • This presentation does not constitute or form part of any offer or invitatio
Slide 4: Index
Index Group Overview 04 Group Overview 04 Business Model 10 Business Model 10 Performance Snapshot 30 Performance Snapshot 20 Company Highlights 43 Company Financials 31 Project Portfolio 48 Annexure 51 M A N INFRACONSTRU CTION LIMITED
Slide 5: Built with ethics. Led with passion. Focused on value creation
13UILT WITH ETHICS. LED WITH PASSl()N. FOCUSED ()N VALUE CREATION M A N INFRACONSTRU CTION LIMITED
Slide 6: Years of experience in real estate and construction
60 10+ YEARS OF EXPERIENCE IN YEARS OF EXPERIENCE IN CONSTRUCTION ACROSS THE REAL ESTATE DEVELOPMENT COUNTRY 50+ MN SQ. FT. OF REAL ESTATE AND INFRA. CONSTRUCTION DELIVERED ~800 4,275+ WORKFORCE HAPPY EMPLOYMENT FAMILIES 5 M A N INFRACONSTRU CTION LIMITED
Slide 7: EPC business and real estate business
EPC BUSINESS REAL ESTATE BUSINESS 60 years of experience in Built a niche in the field of infrastructure development and redevelopment projects real estate • Cluster, Private society, MHADA and SRA Developed 8 major ports across India – Navi Mumbai, Chennai, Delivered high-rises in record time of le
Slide 8: Track record of delivering all 19 projects before time
BEFORE TIME COMPLETION Track record of delivering all 19 Projects Before Time Delivered 2.8 mn. sq. ft. of carpet area till date Completed projects at least 6 months to 24 months before scheduled date NEGLIGIBLE INVENTORY IN COMPLETED (OC RECEIVED) PROJECTS Nearly 90% of the inventory is sold out be
Slide 9: Real estate portfolio and EPC portfolio
4.8 mn. sq. ft. Projects – REAL ESTATE PORTFOLIO ₹627 cr. Order book – EPC PORTFOLIO ~2.3 Mn. Sq. ft. ~110 hectares Delivered of ongoing ports & infra 23% Residential of Ongoing projects 2.5 2.8 Ongoing projects Infrastructure Upcoming & Balance Potential ~3.8 Mn. Sq. ft. ~2.5 Mn. Sq. ft. of ongoing
Slide 10: Key real estate projects
AARADHYA AVAAN AARADHYA ONEPARK PROJECT AT PROJECT AT Tardeo Ghatkopar (E) Goregaon (W) Marine Lines Building one of India’s tallest residential towers Developing first of its kind 12,000+ sq mt gated Developing one of the largest redevelopment Building India’s one of the tallest residential with he
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Slide 12: Real estate projects and EPC projects income streams
REAL ESTATE PROJECTS EPC PROJECTS DM FEE* OR EPC INTEREST EPC PMC^ EQUITY MARGIN MARGIN** MARGIN Or MARGIN MARGIN Includes margin on Charged for In-house Engineering Funds infused into Professional managing DM - Charged as % of Port projects / Govt. & Construction Projects as debt earns an of site,
Slide 13: Real estate projects model
REAL ESTATE PROJECTS MODEL Joint Society Development Development Joint Venture Redevelopment Manager (DM) Agreement (JDA) (Pvt./Mhada/SRA) Reduces Overall Initial Investment 1. Sales for projects executed under subsidiaries gets reflected in consolidated revenue in the financial statements 2. Sales
Slide 14: Ongoing projects
ONGOING PROJECTS Sales / DM MICL Group’s Total Carpet Total Sales Real Estate Projects EPC Project Project Name Location Model Fees Stake Area Potential Income Streams Income Streams Recognition Equity (Lakh sq. ft.) (₹ Cr.) DM Fee EPC Margin PMC Margin Margin Aaradhya Ghatkopar, 60.00% Subsidiary ~
Slide 15: Upcoming projects
UPCOMING PROJECTS Sales / DM EPC Project MICL Group’s Total Carpet Total Sales Real Estate Projects Project Name Location Model Fees Income Stake Area Potential Income Streams Recognition Streams (Lakh sq. ft.) (₹ Cr.) DM Fee Equity Margin PMC Margin Goregaon Royal Netra$ 33.32% JV ~17.5 ~4,000+ - -
Slide 16: Strong focus on margins as well as profitability
Consolidated financials – Amount in (₹ Cr) EBITDA MARGIN and PBT MARGIN NET PROFIT 32.6% 29.2% 29.3% 20.5% 12.2% 25.7% 25.8% 26.7% 22.6% 21.9% 300 259 216 206 32 FY21 FY22 FY23 FY24 9MFY25 FY21 FY22 FY23 FY24 9MFY25 EBITDA Margin PBT Margin Strong Focus on Margins as well as Profitability Note: EBIT
Slide 17: Maintaining financial prudence with low debt and high liquidity
Consolidated financials – Amount in (₹ Cr) NET CASH POSITIVE BALANCE SHEET SIGNIFICANT SECURED DEBT REDUCTION 0.3 0.1 -0.1 -0.4 -0.3 741 332 560 513 228 299 308 123 91 6 Cash & cash Eq. Net Debt/Equity ratio (x) Mar-21 Mar-22 Mar-23 Mar-24 Dec-24 Sep-22 Dec-22 Mar-23 Mar-24 Dec-24 Maintaining Financ
Slide 18: Fund raise details status as on Dec-24
FUND RAISE DETAILS STATUS as on Dec-24 Raised ₹543 crores Funds Raised Status through preferential route in January 2024 • Received ₹182.8 crores of the issue price • Balance ₹360.4 crores to be received on or before July 2025 Allotted 3,50,46,100 Convertible Amount Utilized ₹138.3 Crores Equity war
Slide 19: Funds raised, sales visibility, liquidity and credit rating
Funds Raised Real Estate Sales Visibility** Real Estate projects portfolio EPC Order Book ₹543 Cr.* 4.8 mn sq. ft. ~₹13,000 Cr. ₹627 Cr. via preferential route Carpet Area Investments in Subsidiary Debt Status Liquidity Levels Credit Rating Upgrade Real Estate Projects Net Cash ₹560 Cr. CARE A+, Sta
Slide 20: Strategy: expansion, USA and liquidity
Expansion Global (USA) Strategy Expansion Maintain strong Higher Revenue liquidity & Visibility • Real Estate • Expanded Real Estate profitability - Establishing presence business in Miami, in western suburbs of Mumbai, MMR and Florida, USA • Expecting potential • Focus to be Net South Mumbai increa
Slide 21: Performance Snapshot
PERFORMANCE SNAPSHOT
Slide 22: Operational update: sales performance Q3 & 9m FY25
Operational Update SALES PERFORMANCE Q3 & 9m FY25 Phenomenal sales growth driven by project at Ghatkopar and Tardeo: Achieved ₹608 crores in sales for Q3FY25 Sales for 9mFY25 soared to ₹1509 crores vs. ₹353 crores in 9mFY24, marking MICL’s highest sales ever in history Surge in Collections i
Slide 23: New developments during the year
New Developments during the year Strategic Realignment of Portfolio, sharpening 2 New Projects launched in Q4FY25 focus on Luxury projects Witnesses solid traction on its launch • MVLLP$ relinquished the development rights of • JadePark: An ultra-luxurious project on S.V. balance 9.2 lakh sq.ft. car
Slide 24: Atmosphere O2 and Aaradhya Evoq
Aaradhya Evoq – Fully Sold Out Atmosphere O2 – Nearly 100% Sold Out Artist Impression Artist Impression • Luxurious standalone residential tower in Juhu featuring lavish 3 and 4 • A sought-after gated community experience by MICL Group in Mulund BHK residences West, Mumbai, launched in Nov 2019 • ~6
Slide 25: JadePark, Vile Parle project details
Mumbai Ultra-Luxury 3.5 L sq. ft. Rs. ~1,200 Cr DM Model Vile Parle - West Redevelopment Indicative carpet Indicative Project saleable area Topline Project Details: First cluster development in Vile Parle West to be developed by MICL Group Scale: 3-acre development on Swami Vivekanand Road, feat
Slide 26: BKC redevelopment project details
Acquired in Jun-24 Mumbai Ultra-Luxury 1.6 L sq. ft. Rs. 800+ Cr 34% Equity BKC Redevelopment Indicative carpet Indicative Project saleable area Topline Project Details: Prime Location: BKC, Kalanagar area Configuration: Ultra-Luxury Residences of 3 & 4 BHK Launch: Expected in FY25 during fest
Slide 27: Ongoing projects sales status as on Dec-24
As on Dec-24 Sr. MICL Group Type Units Sold In Units Sold as Total Carpet Area Sold in Date of Project Name Location Model Total Units Units Unsold Area sold Area Unsold No. Stake Q3FY25 on Dec-24 area* Q3FY25 Completion$ (%) (nos.) (nos.) (nos.) (nos.) (sq ft.) (sq ft.) (sq ft.) (sq ft.) Aaradhya P
Slide 28: Upcoming projects as on Dec-24
As on Dec-24 MICL Group Type MICL's RERA Expected Sr. No. Project Name Location Total Units Stake Model Carpet area^ Launch Date* (%) (nos.) (sq ft.) 1 Royal Netra$ Goregaon West 33.32% Mix JV - ~17,50,000 - BKC, 2 Artek CHSL$ 34.00% Residential JV - ~1,60,000 FY26 Bandra East Pali Hill, 3 Virgo CHS
Slide 29: Negligible unsold inventory and projects delivered before time
As on Dec-24 Completed time Project Sr. Total Units Units Total Carpet Carpet Area Carpet Area Projects Towers Type Location Model before scheduled Completion No. Units Sold Unsold Area Sold Unsold Date Timeline 1 Tower E, F, G, H & I Residential Own 325 324 1 3,23,370 3,22,859 511 14 Months Sep-20
Slide 30: MICL Global projects in Florida, USA
Ongoing Project Upcoming Projects Completed Project 551 Bayshore New Residential projects 3090 McDonald Avenue 1. Location: Coconut Grove, Miami, Florida, USA Size: Saleable area of ~ 8,000 sq. ft. Membership Interest: 25% 2. Location: Brickell, Miami, Florida, USA Location: Fort Lauderdale, Florida
Slide 31: EPC order book: infrastructure and residential
INFRASTRUCTURE RESIDENTIAL ~110 Hectares - Ports – BMCT ~3.8 Mn. sq. ft. of Construction Work* Actual Shot Actual Shot Artist's Impression Artist's Impression Artist's Impression Bmct Port – Phase 2, AARADHYA AVAAN JADEPARK Atmosphere Tower G Nhava Sheva, Navi Mumvai TARDEO VILE PARLE Nahur, Mulund
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Slide 33: Consolidated quarterly results
Particulars (Rs. Crs.) Q3 FY25 Q3 FY24 Q2 FY25 9mFY25 9mFY24 FY24 Revenue from operations 242.3 241.8 230.3 814.3 966.7 1,263.5 Real Estate 156.2 127.8 154.7 537.5 354.7 530.4 EPC 86.1 114.0 75.6 276.8 612.0 733.1 Other Income 32.7 19.6 29.7 89.1 61.2 96.8 Total Income 275.0 261.3 260.0 903.4 1,028.
Slide 34: Consolidated profit & loss statement
Profit & Loss Statement (Rs. Crs.) 9mFY25 FY24 FY23 FY22 FY21 Revenue from Operations 814.3 1,263.5 1,890.3 961.5 427.2 Other Income 89.1 96.8 47.9 201.2 24.9 Total Income 903.4 1,360.2 1,938.3 1,162.7 452.1 Total Expense 596.6 937.1 1,476.4 714.0 330.6 EBITDA excluding Other Income 217.7 326.4 413.
Slide 35: Standalone quarterly results
Particulars (Rs. Crs.) Q3 FY25 Q3 FY24 Q2 FY25 9mFY25 9mFY24 FY24 Revenue from operations 85.7 111.3 70.6 263.9 586.9 708.3 Other Income 31.0 13.0 26.5 74.0 31.6 96.5 Total Income 116.7 124.2 97.1 337.9 618.6 804.8 Total Expense 65.8 92.6 56.6 192.8 437.2 548.5 EBITDA excluding Other Income 19.9 18.
Slide 36: Standalone profit & loss statement
Profit & Loss Statement (Rs. Crs.) 9mFY25 FY24 FY23 FY22 FY21 Revenue from Operations 263.9 708.3 797.8 236.6 119.6 Other Income 74.0 96.5 83.2 75.3 113.8 Total Income 337.9 804.8 881.0 311.9 233.4 Total Expense 192.8 548.5 660.9 175.5 115.9 EBITDA excluding Other Income 71.2 159.8 136.9 61.1 3.7 EB
Slide 37: Thank you
THANK YOU INVESTOR RELATIONS Company: MICL Go India Advisors Name: Mr. Yashesh Parekh Name: Mrs. Sheetal Khanduja Tel: +91-8108321555 Tel: +91-9769364166 Email: Yashesh@maninfra.com Email: sheetal@goindiaadvisors.com M A N INFRACONSTRUCTION LIMITED
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