Marathon Nextgen Realty Limited · NSE:MARATHON
Marathon Nextgen Realty — Q1 FY24 Earnings Presentation
34 slides from Marathon Nextgen Realty's earnings presentation, Aug 11, 2023
Slide 1: Exchange filing cover letter
AA Regd. Address : Marathon Futurex, Mafatlal Mills MARATHON Compound, N. M. Joshi Marg, Lower Parel (W), i Mumbai - 400 013. Date: August 11, 2023 To BSE Limited, NSE Limited, Listing Department, Listing Department, P.J. Towers, Dalal Street; Exchange Plaza, Plot No. C/1, G Block, Mumbai ~ 400001.
Slide 2: Redefining Real Estate – Investor Update Q1 FY24
M a r a t h o n N e x t g e n Re a l t y L i m i t e d Redefining Real Estate. INVESTOR UPDATE F O R T H E Q U A R T E R E N D E D 3 0 th J U N E 2 0 2 3
Slide 3: Marathon Group at a Glance
M a r a t h o n N e x t g e n Re a l t y L i m i t e d Who We Are 03 Marathon NextGen Realty Limited 04 Geographical Presence (Ongoing Projects) 05 Marathon Group at a Glance 1/6
Slide 4: Who We Are
M A R A T HON GR OUP A T A GLA NCE Who We Are Elevation of Marathon NeoValley Portfolio includes Projects ongoing commercial, luxury Established at Panvel, Byculla, residential, in 1969. Lower Parel, townships, Listed in 1978. Dombivli and affordable housing Bhandup and retail 52+ 100+ 4 Mn Sq.ft Ye
Slide 5: Marathon NextGen Realty Limited
M A R A T HON GR OUP A T A GLA NCE Marathon NextGen Realty Limited Marathon Public Group MNRL NSE : MARATHON 40% 91% 100% 100% 100% NeoPark/ Monte South Nexzone NeoSquare Millennium Futurex M a r a t h o n N e x t g e n Re a l t y L i m i t e d INVESTOR UPDATE | AUGUST 2023 04
Slide 6: Geographical Presence (Ongoing Projects)
M A R A T HON GR OUP A T A GLA NCE Geographical Presence (Ongoing Projects) 1 2 Commercial Affordable Housing Millennium, LBS, Mulund (W) Corporate offices & NeoPark & NeoSquare 1 Small business offices Futurex, Lower Parel (Neo series) 2 NeoHomes, Bhandup (W) 4 3 3 Nexzone, Panvel 4 Monte South, By
Slide 7: Quarterly Highlights
M a r a t h o n N e x t g e n Re a l t y L i m i t e d Business Highlights – Q1 FY24 08 Operational Highlights (Consolidated) – Q1 FY24 09 Sales & Collections (Consolidated) – Q1 FY24 10 Quarterly – (Consolidated) 11 Annual – (Consolidated) 12 Quarterly Debt Profile 13 Highlights 2/6
Slide 8: Business Highlights – Q1 FY24
QUA R T E R LY HIGHLIGHT S Business Highlights – Q1 FY24 1. Monte South wing A received occupation certificate up to 51st floor. 2. Monte south received the Best Ultra Luxury Project of the year by Real Estate & Business Excellence - Zee business. 3. Marathon Futurex, one of the biggest commercial t
Slide 9: Operational Highlights (Consolidated) – Q1 FY24
QUA R T E R LY HIGHLIGHT S Operational Highlights Booking Value, Area Sold and Collections Elevation of Marathon Nexzone (Consolidated) – Q1 FY24 data includes 40% share from Monte South project 1,30,991 Sq. ft. ₹ 199 Crore ₹ 166 Crore area sold Booking Value Collections (Registered) ₹ 210 Crore ₹ 4
Slide 10: Sales & Collections (Consolidated) – Q1 FY24
QUA R T E R LY HIGHLIGHT S Sales & Collections (Consolidated) – Q1 FY24 PROJECT PROJECT LOCATION AREA SOLD BOOKING VALUE REALIZATION COLLECTIONS TYPE (MUMBAI) (REGISTERED) (Sq.ft.) (₹ Cr) (₹/Sq.ft.) (₹ Cr) MONTE SOUTH* Residential Byculla 36,000 83 23,807 45 MARATHON NEXZONE Residential Panvel 50,15
Slide 11: Quarterly (Consolidated)
QUA R T E R LY HIGHLIGHT S Quarterly (Consolidated) Elevation of Marathon NeoValley Booking Value Area Sold (₹ IN CRORES) (IN SQ. FT.) 300 271 1,80,0 00 1,66,012 250 1,60,0 00 1,30,991 199 1,40,0 00 1,19,191 96,106 200 1,20,0 00 147 71,465 1,00,0 00 107 150 80,000 100 76 60,000 40,000 50 20,000 0 0
Slide 12: Quarterly (Consolidated)
QUA R T E R LY HIGHLIGHT S Quarterly (Consolidated) Elevation of Marathon Nexzone Revenue from Operations EBITDA* (₹ IN CRORES) (₹ IN CRORES) EBITDA Margin 278 49.2% 43.3% 300 60.0% 160 250 210 50.0% 36.5% 140 170 170 28.8% 28.4% 120 200 40.0% 100 150 98 30.0% 80 60 100 20.0% 47 52 143 51 80 40 50 1
Slide 13: Annual (Consolidated)
QUA R T E R LY HIGHLIGHT S Annual (Consolidated) Revenue from Operations EBITDA* PAT (₹ IN CRORES) (₹ IN CRORES) (₹ IN CRORES) EBITDA Margin EBITDA Margin 72.8% 38.0% 800 717 80.0% 350 40.0% 140 700 70.0% 35.0% 300 120 37.1% 38.6% 600 60.0% 30.0% 250 100 500 306 50.0% 30.9% 33.2% 200 25.0% 16.3% 80
Slide 14: Debt Profile
QUA R T E R LY HIGHLIGHT S Debt Profile Elevation of Marathon Futurex Net Debt Net Debt to Equity Ratio (₹ IN CRORES) (IN %) 1,400 200% 183% 1,190 180% 1,200 160% 838 1,000 832 140% 800 717 120% 118% 99% 552 93% 100% 600 107% 404 80% 400 60% 65% 40% 200 20% 0 0% FY19 FY20 FY21 FY22 FY23 Q1FY24 FY19
Slide 15: Land Bank & Portfolio
M a r a t h o n N e x t g e n Re a l t y L i m i t e d Ongoing Projects 15 Key Ongoing Projects 16 Upcoming Projects 18 Land Bank 19 Land Bank & Portfolio 3/6
Slide 16: Ongoing Projects
LA ND B A NK & P OR T FOLIO Ongoing Projects PROJECT NAME PROJECT LOCATION OWNERSHIP TOTAL SALE COMPLETION % AREA SOLD IN SALE VALUE OF COLLECTION ESTIMATED ESTIMATED MONTH / TYPE % AREA SQ.FT. REGISTERED FOM SOLD AREA REVENUE FROM YEAR OF COMPLETION UNITS UNSOLD AREA (sq.ft.) (Registered (in Cr.) (
Slide 17: Key Ongoing Projects (1/2)
LA ND B A NK & P OR T FOLIO Key Ongoing Projects (1/2) Monte South Futurex Millennium ▪ 2, 2.5, 3 and 3.5 BHK ultra-spacious homes ▪ Flagship commercial Grade A spaces in Lower Parel ▪ Flexible spaces starting from 350 sq.ft. to ▪ Award-winning luxury homes near South Mumbai ▪ Spaces ranging from 80
Slide 18: Key Ongoing Projects (2/2)
LA ND B A NK & P OR T FOLIO Key Ongoing Projects (2/2) Marathon NeoPark and Marathon Square (Bhandup West) Marathon Nexzone (Panvel) ▪ Residential Apartments Affordable ▪ 1 BHK Smart & Studio - ▪ 1, 2 & 2.5 BHK homes across 19 towers housing project in Bhandup West, NEO, a new product brand in low s
Slide 19: Upcoming Projects
LA ND B A NK & P OR T FOLIO Upcoming Projects PROJECT NAME PROJECT TYPE LOCATION OWNERSHIP TOTAL SALEABLE ESTIMATED SALE % AREA VALUE (Sq.ft.) (In ₹ Cr) MONTE SOUTH PHASE 3 Residential Byculla 40% 6,50,000 1,300 MONTE SOUTH PHASE 3 Commercial Byculla 40% 12,00,000 2,400 MARATHON NEXZONE PHASE 3 Resi
Slide 20: Land Bank
LA ND B A NK & P OR T FOLIO Land Bank Marathon Group has extensive land banks Thane Dombivli across the Mumbai Metropolitan Region (MMR). 100+ 50+ acres 100+ 100+ T acres D acres acres Panvel Thane 100+ B acres 50+ acres Bhandup P Bhandup Dombivli 100+ acres MNRL intends to utilize the vast availabl
Slide 21: Company Profile
M a r a t h o n N e x t g e n Re a l t y L i m i t e d Leadership & Management 21 Marathon Group Leadership 22 Company Profile 4/6
Slide 22: Leadership & Management
COM P A NY P R OFILE Leadership & Management Mr. Chetan R. Shah Mr. Mayur R. Shah Mr. S. Ramamurthi Mrs. Shailaja Shah Chairman & MD President Wholetime Director Director ▪ B. Tech. (Civil Engineering) ▪ Civil Engineer from University ▪ Graduate in Economics and ▪ Part of Promoter Group from IIT Bom
Slide 23: Marathon Group Leadership
COM P A NY P R OFILE Marathon Group Leadership Beach View in Luxury Residential Mr. Kaivalya Shah Mr. Parmeet Shah Mr. Samyag Shah Director Director Director ▪ BE - Structural Engineering, ▪ BA - Economics, ▪ BA - Economics, University University of California, Yale University and MS, of California,
Slide 24: About the Marathon Group
M a r a t h o n N e x t g e n Re a l t y L i m i t e d About the Marathon Group 24 Shaping the skyline…. Since 1969 – Our Completed projects 25 Marathon Group - Redefining Real Estate…..Since 1969 26 Our Growth Strategy 27 How Marathon creates Value 28 Marathon Awards and Recognitions 29 Group 5/6
Slide 25: About the Marathon Group
M A R A T HON GR OUP About the Marathon Group 8.4 Mn Sq.ft Completed Projects Futurex Nextown Nexzone Monte Carlo & Monte South 6.2 Mn Sq.ft Lower Parel Kalyan-Shil Rd Panvel Monte Plaza Byculla West Mulund West Existing Portfolio 15 Mn Sq.ft Upcoming Projects 26.60 Mn Sq.ft NeoHomes Bhandup West Ne
Slide 26: Shaping the skyline Since 1969 - Our Completed projects
M A R A T HON GR OUP Shaping the skyline Since 1969 - Our Completed projects 1979 1982 2006 2012 1997 2020 Rita Tirupati & Marathon Marathon Udyog Kshetra Marathon Apartments Balaji NextGen Era Onyx 64,585 Sq.Ft. Monte Plaza 20,000 45,000 Sq.Ft. 4,11,000 Sq.Ft. Sq.Ft. 1999 Marathon Heights 1977 1985
Slide 27: Marathon Group – Redefining Real Estate since 1969
M A R A T HON GR OUP Marathon Group – Elevation of Marathon NeoValley Redefining Real Estate We are currently building several townships in the fastest growing since 1969 neighborhoods, ultra luxury skyscrapers in the heart of the city, affordable housing projects, small Marathon Group is a Mumbai b
Slide 28: Our Growth Strategy
M A R A T HON GR OUP Our Growth Strategy Advanced A transparent & well- building informed marketing maintenance strategy coupled with system value added services Construction to enhance customer innovation that awareness and aid deliver decision making Creating an ideal outstanding product design by
Slide 29: How Marathon creates value
M A R A T HON GR OUP How Marathon "One of our core strengths has been identifying the creates value potential of land parcels early. We have done this at Lower Parel, Byculla, Panvel, Amenities inside Bhandup and Dombivli" Residential apartments Mill land at Lower Parel High growth regions Large sca
Slide 30: Awards and Recognitions
M A R A T HON GR OUP Awards and Recognitions Top Challenger Affordable Housing of the Year 2019 The extraordinaire-Brand Construction World Global Awards, 2022 Estrade Awards (Real Estate Category) 2018-19 Brand Vision by Nexbrands, Marathon Group Developer of the Year 2019 Developer of the Year Dev
Slide 31: Annexure
M a r a t h o n N e x t g e n Re a l t y L i m i t e d Financial Highlights (Consolidated) 31 Shareholding & Price movement 32 Annexure 6/6
Slide 32: Financial Highlights (Consolidated)
FINA NCIA L HIGHLIGHT S Financial Highlights (Consolidated) Particulars (In ₹ Cr) Q1 FY24 Q1 FY23 YoY Q4 FY23 QoQ FY23 Revenue from operations 209.76 97.70 114.7% 170.45 23.1% 716.53 Other income 9.74 9.78 -0.3% 9.09 7.2% 42.41 Total Income 219.50 107.48 104.2% 179.55 22.3% 758.94 Property developme
Slide 33: Shareholding & Price movement
S HA R E P R ICE P E R FOR M A NCE Shareholding & Price movement BSE Ticker 503101 NSE Symbol MARATHON 170 Issued Shares (Cr) 4.6 Market Cap* (in ₹ Cr) 1,673 57% Promoter Holding 74.4% 150 33% 130 22% 110 90 70 Jul-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-2
Slide 34: Thank you
M a r a t h o n N e x t g e n Re a l t y L i m i t e d Thank you CONTACT US Marathon Nextgen Townships | Realty Limited Ernst &Young LLP Luxury Projects | Mr. Kaivalya Shah • Mr. Diwakar Pingle Affordable Homes diwakar.pingle@in.ey.com Director - Marathon | Business Spaces • Mr. Binay Sarda Nextgen
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