Mahindra Lifespace Developers Limited · NSE:MAHLIFE
Mahindra Lifespace Developers — Q2 FY2022 Earnings Presentation
40 slides from Mahindra Lifespace Developers's earnings presentation, Oct 26, 2021
Slide 1: Exchange intimation letter under SEBI LODR Regulation 30
Date: 26th October, 2021 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: Listing:https://neaps.nseindia.com/NEWLISTINGCORP/ http://listing
Slide 2: Investor Presentation Q2 FY2022
\ r { Heiedaa Investor Presentation Q2 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 Q2 FY2022
Investor Presentation Q2 FY2022 4
Slide 6: Company 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 Q2 FY2022
Investor Presentation Q2 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 Q2 FY2022 7
Slide 9: Market capitalization and shareholding pattern
As on 30th September 2021 Market Capitalization INR 4,258 cr Shareholding Pattern (%) 21.34% Shares Outstanding 15.42 cr 51.45% 15.61% Free Float 2,068 cr 11.60% Symbol (BSE) / (NSE) 532313 / MAHLIFE Promoters FII MF Others 5000 BSE REALTY MAHLIFE 350 Key Institutional Investors 300 ICICI Prudential
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: Strategy and targets by 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: Operational performance Q2 and H1 FY22
Sales Volume Launches Sales Volume Launches (RERA Carpet Area: 0.24 msft) (RERA Carpet Area: 0.35 msft) Sales Value Completions Sales Value Completions Collections Handovers Collections Handovers Investor Presentation Q2 FY2022 ^ Evernest Shelter Private Limited and Manor & Mews Private Limited 11
Slide 13: Consolidated results
(Rs. cr, unless specified) CONSOLIDATED RESULTS Q2 FY22 Q1 FY22 Q2 FY21 Income from Operations 59.2 148.2 30.8 Other Income 6.5 6.0 6.6 Total Income 65.7 154.2 37.4 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates 12.2 (20.9) (15.4) Share in Net Profit / (Loss) of Associates 11
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 Q2 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 28% 100% 49% Actis HDFC Capital MRDL - Aqualily Investor Presentation Q2 FY2022 15
Slide 17: Residential annual sales, collections and launches
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Constrcution 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 sales, collections and launches
Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Constrcution Outflow (Rs. cr) 0.52 297 0.39 255 346 0.31 303 204 171 195 0.18 134 0.16 145 110 115 69 70 45 51 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Launches (msft) Completions (msft) 0.76 0.41 0.
Slide 19: Project-wise sales and completion status
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 0.11 134 78% Vicino 0.26 0.18 0.00 NA 0.18 0.11 181 71% MMR Alcove
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 MMR New Project (Kalyan) 1.09 Alcove # 0.24 Pune New Project (Pune) 0.44 MMR New Project (Alibaug) 0.10 Bengaluru New Project (Kanakpur
Slide 21: Balance units to sell
Location Project Name Company Balance units to sell Nagpur Bloomdale MBDL 2 NCR Luminare II MHPL 22 Aqualily Apts MRDL 1 Chennai Happinest Avadi MLDL 1 Happinest Boisar MLDL 80 MMR Happinest Palghar 1 MHDL 36 TOTAL 142 Happinest Boisar Happinest Palghar I Luminare Note: All figures correspond to MLD
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 ^ 2457 Estimated Sales ^ 1859 Estimated Sales ^ 1446 Less: Amount Collected of Sold Units 760 Less: Estimate
Slide 23: Digital and technology systems
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 2.3 2.3 2.1 93.1 74.3 61.6 39.6 46.4 FY17 FY18 FY19 FY20* FY21* Investor Presentation Q2 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 Q2 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 64 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 Q2 FY2022 28
Slide 30: Covid-19 response and customer confidence
Ensuring quicker Prevented labor Ensuring employee Improved Customer business resumption migration safety & well-being Confidence amid Covid-19 • Sanitized operations and • Formation of Task Force • Thermal Scanning & • MWC Chennai: nil / minimum commute to monitor labor Vehicle disinfectant 1. FY 2
Slide 31: Land bank
Gross Area Land Name Location Development Plan # (acres) Planned as Mixed-use Development. Under approvals Ghodbundar Road, Thane MMR 68 & master planning. Murud, Raigad MMR 1291 Under study & evaluation stage. Planned to be developed as Origins, Pune. Under land Pune Pune 500 * aggregation stage to
Slide 32: MLDL Financials
4 MLDL Financials 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 5 MLDL Leadership 31
Slide 33: Profit & loss statement
PROFIT & LOSS STATEMENT Q2 FY22 Q1 FY22 Q2 FY21 H1 FY22 H1 FY21 Income from Operations 59.2 148.2 30.8 207.5 45.1 Other Income 6.5 6.0 6.6 12.5 14.4 Total Revenues 65.7 154.2 37.4 219.9 59.5 Operating Expenses 5.7 137.2 19.2 142.9 25.1 Employee Remuneration & Benefits 23.3 22.8 16.3 46.1 36.1 Financ
Slide 34: Balance sheet
EQUITY & LIABILITIES H1 FY22 FY21 ASSETS H1 FY22 FY21 Equity Share Capital 154.2 51.4 Property, Plant and Equipment 3.9 3.8 Other Equity 1,470.3 1,579.7 Right of Use Assets 7.1 0.6 Networth 1,624.5 1,631.1 Capital Work-In-Progress 17.9 14.6 Non-Controlling Interest 48.5 42.0 Investment Property 20.3
Slide 35: Segment results: Residential and IC & IC
Residential IC & IC SEGMENT RESULTS Q2 FY22 H1 FY22 Q2 FY22 H1 FY22 Area Sold (msft) / Land Leased (acres) 0.39 msft 0.56 msft 27.7 acres 34.5 acres Sales / Lease Income 303 449 74 88 Income from Operation 89 266 92 123 Other Income 7 15 0.2 0.4 Total Income 96 281 92 124 Cost of Sales 75 240 23 34
Slide 36: MLDL Leadership
5 MLDL Leadership 1 MLDL Overview 2 MLDL Residential 3 MLDL IC & IC 4 MLDL Financials 5 35
Slide 37: 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 38: 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 39: Investor Relations Contact
Investor Relations Contact Mr. Sumit Kasat Ms. Ruchika Jain Sr. General Manager – Finance & Investor Relations Manager – Investor Relations & Business Analytics Phone : +91-22-67478645 Phone : +91-22-67478693 Email: kasat.sumit@mahindra.com Email: jain.ruchika@mahindra.com Mahindra Lifespace Develop
Slide 40: 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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