Marathon Nextgen Realty Limited · NSE:MARATHON
Marathon Nextgen Realty — Q2 FY25 Earnings Presentation
41 slides from Marathon Nextgen Realty's earnings presentation, Nov 18, 2024
Slide 1: Exchange filing cover letter
Date: November 18, 2024 To, BSE Limited, NSE Limited, Listing Department, Listing Department, P.J. Towers, Dalal Street, Exchange Plaza, Plot No. C/1, G Block, Mumbai – 400001. BKC, Bandra (East), Mumbai – 400051. Scrip Code: 503101 NSE Code: MARATHON Sub: Investor Presentation – Second Quarter and
Slide 2: Redefining Real Estate
REDEFINING REAL ESTATE FOR THE QUARTER ENDED 30TH SEPTEMBER 2024
Slide 3: Disclaimer
DISCLAIMER Please note the following clarifications regarding the information presented: Area Calculations In previous presentations, areas were reported based on sale area, and realizations were also calculated on this basis. Going forward, we will transition to using the carpet area for all measur
Slide 4: Who We Are
WHO WE ARE COMPANY OVERVIEW Established PORTFOLIO INCLUDES : PROJECTS ONGOING AT : ‣ Commercial ‣ Panvel in 1969 ‣ Luxury residential ‣ Byculla ‣ Townships ‣ Lower Parel ‣ Affordable housing ‣ Bhandup and retail ‣ Mulund Marathon Nextgen Realty LTD | Investor Update Q2 FY-25 02
Slide 5: Growth Context
Monte South | Byculla GROWTH CONTEXT India’s Economic Surge Real Estate Boom Mumbai Shining Marathon Nextgen Realty LTD | Investor Update Q2 Q1 FY-25 01 03
Slide 6: India's Economic Surge
INDIA’S ECONOMIC SURGE GROWTH CONTEXT India is on a transformative journey, with its economy projected to India is the 5th largest economy, set to reach $10 trillion by 2030/32. India has witnessed a consistent annual become 3rd by 2030 GDP growth rate of around 6-7%. India's GDP has reached USD 3.7
Slide 7: Real Estate Boom
REAL ESTATE BOOM GROWTH CONTEXT Market Overview : The Indian real estate market is expected to grow from $200 billion to $1 trillion by 2030, driven by urbanization and regulatory reforms. Source: The Transformation of India's Real Estate Market, Anarock Property Consultants, 2023 Shift to Organized
Slide 8: Mumbai Shining
MUMBAI SHINING GROWTH CONTEXT Strategic Importance : Mumbai Infrastructure Projects : remains the most sought-after real Ongoing and upcoming estate market in India with the infrastructure projects like the Rate Trend Mumbai Metropolitan Region Mumbai Trans-Harbour Link, accounting for 34% of pan Me
Slide 9: Marathon's Growth Drivers
MARATHON'S GROWTH DRIVERS Diversified Portfolio Extensive Land Banks Strategic Mumbai Focus Excellent In-House Capabilities Dominance in Key Strong Micromarkets Leadership Team Marathon Nextgen Realty LTD | Investor Update Q1 FY-25 01 07
Slide 10: Diversified Portfolio for Risk Mitigation
DIVERSIFIED PORTFOLIO FOR RISK MITIGATION MARATHON'S GROWTH DRIVERS Our Portfolio Diverse Product Mix : Marathon’s diversified Affordable portfolio includes luxury residential (Monte South), 20% residential affordable housing (NeoHomes), commercial spaces (Futurex & Monte South), and large-scale tow
Slide 11: Strategic Mumbai Focus
STRATEGIC MUMBAI FOCUS MARATHON'S GROWTH DRIVERS Brand Loyalty : A well-established brand in the MMR region with a legacy of over 50 years, Marathon enjoys high customer trust and loyalty, translating into faster sales and higher pricing power. Market Knowledge : Marathon’s focus on the MMR region g
Slide 12: Dominance in Key Micro Markets
DOMINANCE IN KEY MICRO MARKETS MARATHON'S GROWTH DRIVERS Micro-Market Leadership : Marathon is a dominant player in key micro-markets like Byculla (Monte South), Panvel (Nexzone), and Bhandup (NeoValley). Marathon Nexzone Monte South sold the Marathon NeoValley accounted for 20% market highest numbe
Slide 13: Extensive Land Banks
EXTENSIVE LAND BANKS MARATHON'S GROWTH DRIVERS The holding company of Marathon Nextgen Realty Ltd has a land bank of more than 350 acres of prime real estate in MMR. MNRL intends to exclusively utilise the landbank of the holding company for development to drive growth. 100+ acres PANVEL 100+ acres
Slide 14: Panvel: The Emerging Growth Corridor
PANVEL: THE EMERGING GROWTH CORRIDOR MARATHON'S GROWTH DRIVERS Strategic Importance: Panvel is set to become a key growth hub due to its strategic location near the upcoming Navi Mumbai International Airport, making it a gateway for residential and commercial developments in the region. Key Infrastr
Slide 15: Dombivli: A Fast-Growing Residential Suburb
DOMBIVLI: A FAST-GROWING MARATHON'S GROWTH DRIVERS RESIDENTIAL SUBURB Strategic Importance: Dombivli has emerged as one of the fastest-growing suburbs, driven by its affordability and increasing demand from middle-income families. The region’s infrastructure development and proximity to economic zon
Slide 16: Bhandup: Untapped Potential with Excellent Connectivity
BHANDUP: UNTAPPED POTENTIAL MARATHON'S GROWTH DRIVERS WITH EXCELLENT CONNECTIVITY Strategic Importance: Bhandup offers excellent connectivity while being more affordable than nearby Powai, Kanjurmarg, and Mulund. This makes it ideal for both end-users and investors looking for value in the affordabl
Slide 17: Excellent In-House Capabilities
EXCELLENT IN-HOUSE CAPABILITIES MARATHON'S GROWTH DRIVERS We boast a robust team of over 800 professionals across Group companies, offering comprehensive in-house expertise throughout the project lifecycle, from land acquisition and due diligence to planning, design, approval, engineering, material
Slide 18: Excellent In-House Capabilities
EXCELLENT IN-HOUSE CAPABILITIES MARATHON'S GROWTH DRIVERS MARKETING, SALES AND CRM: Marketing Sales and Sourcing CRM • Unique model in real estate with an in- • Large in-house sourcing team • Our in-house CRM team manages end-to- house creative, digital, and 3D team. that has built strong end custom
Slide 19: Strong Leadership Team
STRONG LEADERSHIP TEAM MARATHON'S GROWTH DRIVERS Marathon’s leadership team combines decades of experience in real estate development, financial management, and strategic planning. Mr. Chetan R. Shah Mr. Mayur R. Shah Mrs. Shailaja Shah Vice Chairman Director Chairman and MD • Civil Engineer from Un
Slide 20: Strong Leadership Team
STRONG LEADERSHIP TEAM MARATHON'S GROWTH DRIVERS Mr. Kaivalya Shah Mr. Samyag Shah Mr. Parmeet Shah Director Director Project Head • BE - Structural Engineering, • BA - Economics, University of California, • BA - Economics, Yale University University of California, San Diego San Diego and MS, Columb
Slide 21: Marathon Nextgen Realty Limited
MARATHON NEXTGEN REALTY LIMITED COMPANY OVERVIEW MNRL MARATHON GROUP 74% NSE: MARATHON 26% PUBLIC 12.5 acres 25 acres 6.5 acres 14 acres 1,77,000 sqft 3,00,000 sqft of commercial of commercial space space NeoPark/Neo Monte South Nexzone Panvel NeoValley Millennium Futurex Byculla Square Bhandup LBS,
Slide 22: Major Acquisition & Milestones
MAJOR ACQUISITION & MILESTONES COMPANY OVERVIEW GENESIS OF MARATHON NEXTGEN REALTY LTD Marathon Nexzone 2003 • Acquired 8 Acres of Piramal Spinning & Weaving Mills LTD • Successfully settled lenders & 1200 mill workers through the Board for Industrial & Financial Reconstruction (BIFR) • Renamed the
Slide 23: Strategic Land Acquisition & Expansion
STRATEGIC LAND ACQUISITION & EXPANSION COMPANY OVERVIEW ACQUIRED 6.5 ACRES OF LAND 2016 IN BHANDUP ACQUIRED SANVO RESORTS PVT LTD 2019 • Added 25 acres in Panvel ACQUIRED TERRAPOLIS ASSETS PVT LTD 2020 • Added 1 acre in Mulund ACQUIRED NEXZONE FISCAL SERVICES LTD 2023 • Added 14 acres in Bhandup Mon
Slide 24: Portfolio Summary
PORTFOLIO SUMMARY COMPANY OVERVIEW Project Location Ownership Total Sold Unsold Unsold MNRL % in ₹ Cr in ₹ Cr in ₹ Cr Share in ₹ Cr Monte South Byculla 40% 10,000 2,064 7,936 3,174 Nexzone Panvel 91% 2,576 1,909 667 667 Neopark/ Bhandup 100% 960 161 799 799 Neosquare Neovalley Bhandup 90% 2,475 232
Slide 25: Business Highlights – Q2 FY25
BUSINESS HIGHLIGHTS – Q2 FY25 QUARTERLY HIGHLIGHTS OC received for Monte South Tower A up to 64 floors Proposed increase in fund raising limit to Rs. 1000 crores Impressive 43% growth in PAT to Rs. 49 crores Marathon Nextgen Realty LTD | Investor Update Q2 Q1 FY-25 01 23
Slide 26: Result Highlights (Consolidated) – H1 FY25
RESULT HIGHLIGHTS (CONSOLIDATED) – H1 FY25 HALF YEARLY HIGHLIGHTS 1,28,606 sq.ft. ₹286 Crore ₹369 Crore Area Sold Booking Value (Registered) Collections ₹339 Crore ₹427 Crore ₹141 Revenue Effective Revenue^ EBITDA* 42% EBITDA MARGIN* ₹93 Crore ₹87Crore Realization Per Sq.ft. PBT PAT ₹34,695 ₹18,488
Slide 27: Sales & Collection (Consolidated) – H1 FY25
SALES & COLLECTION (CONSOLIDATED) – H1 FY25 HALF YEARLY HIGHLIGHTS in ₹ Cr Project Area Sold Booking Value Realisation Collection Registered MONTE SOUTH* 24,868 91 36,687 121 NEXZONE 52,536 56 10,567 80 NEOPARK 2,195 3 15,499 22 NEO SQUARE - - - 0 NEOVALLEY 19,288 33 16,941 15 FUTUREX 12,159 61 50,5
Slide 28: Quarterly (Consolidated)
QUARTERLY (CONSOLIDATED) QUARTERLY HIGHLIGHTS Revenue from Operations EBITDA PAT (₹ IN CRORES) (₹ IN CRORES) EBITDA Margin (₹ IN CRORES) PAT Margin Q2FY25 146 47.4% 48.0% 120 35.0% 29.8% 60 43.7% 24.7% 23.0% 24.3% Q1FY25 162 43.4% 21.8% 30.0% 46.0% 100 50 25.0% 44.0% 80 40 155 40.3% 39.8% 20.0% Q4FY
Slide 29: Annual (Consolidated)
ANNUAL (CONSOLIDATED) QUARTERLY HIGHLIGHTS Revenue from Operations EBITDA PAT (₹ IN CRORES) (₹ IN CRORES) EBITDA Margin (₹ IN CRORES) PAT Margin FY24 705 38.6% 41.4% 24.0% 45.0% 37.1% 350 30.0% 180 40.0% 30.9% 33.2% 160 FY23 717 300 25.0% 16.3% 35.0% 140 250 30.0% 20.0% 120 10.0% 11.3% 306 200 FY22
Slide 30: Debt Profile
DEBT PROFILE QUARTERLY HIGHLIGHTS Decreased TO ₹685 CRORES IN Q2 FY25 FROM ₹718 CRORES IN Q1 FY25 Net Debt Net Debt to Equity Ratio Cost of Debt (₹ IN CRORES) (IN %) (IN %) 180% Q2 FY25 685 200% 1.2 180% 1 Q1 FY25 718 15.1% 160% 115% 14.7% 16.0% 1.2 104% 140% 0.8 92% FY24 750 15.0% 1 120% 74% 12.9%
Slide 31: Key Ongoing Projects: Monte South
KEY ONGOING PROJECTS PORTFOLIO ₹7,936 CR. ₹1,312 CR 13% Unsold Total balance potential ₹3,174 CR. ₹2,064 CR 21% Sold MNRL balance potential A joint venture by ₹6,624 CR 66% Pending Launch Monte South ▪ 4 proposed residential towers of 64 storey and 1 commercial tower on a massive 12.5-acre plot, 3 t
Slide 32: Key Ongoing Projects: Nexzone
KEY ONGOING PROJECTS PORTFOLIO ₹217 CR 8% Unsold ₹1,909 CR 74% ₹668 CR. Sold Balance revenue potential Pending ₹451 CR 18% Launch Actual Image Nexzone ▪ 1, 2 & 3 BHK homes self - sufficient township experience - world-class amenities & clubhouse completed, retail promenade for daily needs and more ▪
Slide 33: Key Ongoing Projects: NeoPark, NeoSquare
KEY ONGOING PROJECTS PORTFOLIO ₹159 CR 17% Unsold ₹161 CR 17% Sold ₹799 CR. Balance revenue potential Pending ₹640 CR 67% Launch Actual Image NeoPark, NeoSquare ▪ Affordable housing project in Bhandup West, Mumbai ▪ Studio, 1 & 2 BHK flats ▪ 2 projects launched under Marathon NextGen Realty Ltd – Ne
Slide 34: Key Ongoing Projects: NeoValley
KEY ONGOING PROJECTS PORTFOLIO ₹145 CR 6% Unsold ₹2,243 CR. ₹232 CR 9% Sold Balance revenue potential ₹2,099CR 85% Pending Launch Actual Image NeoValley ▪ Affordable housing project in Bhandup West, Mumbai ▪ Studio, 1 & 2 BHK flats. ▪ 2 projects launched - Narmada & Kaveri ▪ Range of amenities inclu
Slide 35: Key Ongoing Projects: Futurex
KEY ONGOING PROJECTS PORTFOLIO ₹394 CR 34% Unsold ₹394 CR. Balance revenue potential ₹773 CR 66% Sold Actual Image Futurex ▪ Iconic, award-winning, commercial high-rise structure in Lower Parel ▪ Grade A commercial spaces ranging from 800 sq ft to 2,00,000 sq ft ▪ Notable Tenants – Zee, L’Oreal, Nyk
Slide 36: Key Ongoing Projects: Millennium
KEY ONGOING PROJECTS PORTFOLIO ₹133 CR 37% Unsold ₹133 CR. Balance revenue potential ₹227 CR 63% Sold Actual Image Millennium ▪ Flexible spaces starting from 350 sq ft to 10,000 sq ft ▪ Premium metro-adjacent offices on LBS road, Mulund, perfect floor plans and flawless execution ▪ Received OC up to
Slide 37: Unsold & OC Ready Inventory
UNSOLD & OC READY INVENTORY PORTFOLIO OC Ready unsold inventory Project Area Value in Rs. Cr Monte South* 1,17,411 470 Nexzone 56,703 59 Millennium 21,000 42 Futurex 83,832 335 TOTAL 2,78,946 906 Actual Image *Includes 100% share for Monte South project Marathon Nextgen Realty LTD | Investor Update
Slide 38: Ongoing Projects (RERA Registered)
ONGOING PROJECTS (RERA REGISTERED) PORTFOLIO Project Ownership Total Completion Carpet Area Sold Value of Collection Unsold Estimated % Carpet % (in sq.ft.) Registered (in ₹Cr.) Carpet Area Revenue from Area Units (in ₹Cr.) (in sq.ft.) unsold area (in sq.ft.) (in ₹Cr.) Monte South (Tower A) 40% 5,34
Slide 39: Upcoming Projects
UPCOMING PROJECTS PORTFOLIO Project Location Ownership Total Carpet Area Estimated Sale (in sqft) Value (in ₹Cr.) Monte South (Tower C) pt 2 ** Byculla 40% 2,00,000 740 Monte South Phase 3 Residential ** Byculla 40% 4,00,000 1,480 Monte South Phase 3 Commercial ** Byculla 40% 7,50,000 2,775 Nexzone
Slide 40: Awards
AWARDS RECOGNITION "Best Mid Segment "Best Ultra Luxury Project Project of the Year” of the Year 2023” Our Chairman Mr Chetan Shah was honored as at CREDAI-MCHI Golden at Zee Real Estate & "India's Respected Real Estate Leader" at the Pillar awards 2023 Business Excellence Award Hurun & Grohe Concla
Slide 41: Thank You
THANK YOU Marathon Nextgen Realty Limited Ernst & Young LLP MR. KAIVALYA SHAH Director - Marathon Nextgen Realty Limited Mr. Diwakar Pingle | diwakar.pingle@in.ey.com P: +91 22 6724 8484 Mr. Binay Sarda | binay.sarda@in.ey.com E:kaivalya.shah@marathonrealty.com Mr. Nachiket Kale | nachiket.kale@in.e
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