Slide 1: Investor Release – Q3 FY25 cover letter to exchanges
February 6, 2025 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 – 400001 Mumbai – 400051 Scrip Code: 543223 Name of Scrip: MAXIND Sub: Investor Release – Q3 F
Slide 2: Investor Release February 6, 2025
Investor Release February 6, 2025
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: All Business Verticals Progressing at Steady Pace
ALL BUSINESS VERTICALS PROGRESSING AT STEADY PACE
Slide 5: Key Performance highlights of Q3FY25
Key Performance highlights of Q3FY25 Assets : Residences Services: Assisted Care Products: AGEasy Gurugram: Launched by MEGL* in Care Homes: ~300 bed capacity AGEasy performance (Q3) Aug 24. 240 (82%) units sold for • 160 beds in Gurugram • Revenue Rs 12.7 Cr, up Senior Living Towers secured within
Slide 6: Business and Financial Performance Update
BUSINESS AND FINANCIAL PERFORMANCE UPDATE
Slide 7: 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 88% (Q2FY25 88%) • Care H
Slide 8: Financial Performance: Results across all business verticals in 9MFY25 are as planned
Financial Performance: Results across all business verticals in 9MFY25 are as planned; Focus continues on scale-up in Q4FY25 • Consolidated revenue of Rs 39 Cr for Q3FY25 vs Rs 48 Cr in Q2FY25, 18% lower than last quarter. Though higher revenue in Consolidated AGEasy business vertical and strong gro
Slide 9: Residences for Seniors
Residences for Seniors
Slide 10: Antara Dehradun – All units sold in Mar'24, cash and PBT positive
Antara Dehradun – All units sold in Mar’24, continues to be cash and PBT positive, Cash surplus Rs 110 Cr as of Dec’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 110 Cr 88% Clubhouse size Cash Sur
Slide 11: Antara Noida Phase 1: All units sold in Mar'23, collection efficiency ~99%
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 Direct: Partner
Slide 12: 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 13: Antara Noida Phase I – Finishing work is in progress
Antara Noida Phase I – Finishing work is in progress Finishing work External works Basement Work Main Entrance Gate
Slide 14: Gurugram - Intergenerational Community launched by MEGL in Aug'24
Gurugram - Intergenerational Community launched by Max Estates Gurgaon Limited (MEGL) in Aug’24; Senior living towers to be managed by Antara; 82% booking secured within 4+ months of launch Targeted NRI market & Received 10+ referrals participated in Private through Resident event in Hong Kong for r
Slide 15: Gurugram - 240 units (82% of inventory) of Senior Living sold till Dec'24
Gurugram - 240 units (82% of inventory) of Senior Living sold till Dec’24, with sales collection ~ Rs 124 Cr, collection efficiency ~ 99% 292 ~7,63,500 ~ 2,600 Saleable area Average Apartment Available Units in sq ft Size in Sq Ft Collection 35:65 ~Rs 20,0001 efficiency Channel Mix (%) Sales Realisa
Slide 16: Care Homes / Memory Care Homes
Care Homes/ Memory Care Homes
Slide 17: Care Homes: ~300 beds operational across NCR and Bengaluru
Care Homes : ~300 beds operational across NCR and Bengaluru, ~200-250 beds (4 properties) in Bengaluru and Chennai under construction and expected to be operational by Mar’25 Geography Existing Capacity Planned Capacity in Q4FY25 ▪ DLF Gurgaon - 32 beds Delhi-NCR ▪ Memory Care Homes – 30 beds ▪ Noid
Slide 18: Gurugram Care Homes – 98 bedded new Care Home operational
Gurugram Care Homes – 98 bedded new Care Home operational offering assisted living and transition care services 17
Slide 19: Customers testimonials – Care Homes
Customers testimonials – Care Homes “Had a pre visit to decide on same, following a “I want to say thank you to Antara care Homes and good recommendation from my family. Very the staff is perfect, very helpful and room itself is helpful and welcoming. Excellent and caring very clean. There is a balc
Slide 20: Care Home: Net revenue at Rs 2.1 Cr in Q3FY25, Up 40% y-o-y
Care Home (CH): Net revenue at Rs 2.1 Cr in Q3FY25, Up 40% y-o-y; Mature beds achieved positive margins in Q3FY25 Occupancy trend at Care Homes (bed days) Care Homes Revenue (Rs Lacs) 21% 40% YoY 220 YoY 3200 205.2 3007 165 2400 2561 2633 167.9 2492 153.9 2320 146 140.9 110 1600 55 800 0 0 Q3FY24 Q4
Slide 21: Gurugram CH unit economics established
Gurugram CH unit economics established; Net revenue at Rs 1.1 Cr in Q3FY25, Up 8% y-o-y; Contribution margins improved to 18% in Q3FY25 from 12% in Q3FY24 Net Revenue (Rs Lacs) Key learnings so far 140 131.3 • Average revenue per occupied bed 117.5 improved from Rs 5,753 in Q3FY24 to 120 110.7 Rs 6,
Slide 22: Care at Home
Care at Home 21
Slide 23: Customers testimonials – Care at Home
Customers testimonials – Care at Home “I am extremely happy with the physiotherapy sessions provided by Antara for my mother. Over the 30 days of treatment, the results have been remarkable. A special thanks to Dr. Mehfooz, whose expertise, patience, and personalized care truly stood out. Dr. Mehfoo
Slide 24: Care at Home – Highest ever net revenue ~Rs 4.6 Cr in Q3FY25
Care at Home – Highest ever net revenue ~ Rs 4.6 Cr in Q3FY25, growth of 83% y-o-y; NCR Contribution margin at 22% in Q3FY25 vs 18% in Q3FY24 Patient served (Nos) Care at Homes Revenue^ (Rs Lacs) 21% 3000 YoY 83% YoY 2826 2811 2859 500 2745 2400 456.7 2276 400 432.6 1800 375.6 300 302.9 1200 249.8 2
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24 24
Slide 26: Customers testimonials and Brand Perceptions for AGEasy
Customers testimonials and Brand Perceptions for AGEasy “The best thing one who is unable to get up Brand perceptions on her own in toilet, where one is able to get up with out anyone's help. Thanks to Ageasy Positive Perceptions Perceptions which we Commode Frame” need to work on • Brand For Senior
Slide 27: Antara AGEasy store at Gurugram
Antara AGEasy store at Gurugram 26
Slide 28: AGEasy: Exponential Revenue Growth of Rs 12.7 Cr in Q3FY25
AGEasy^: Exponential Revenue Growth of Rs 12.7 Cr in Q3FY25, 318% y-o-y; Month-on month increase in revenues for Q3FY25; Achieved annual revenue run rate of Rs 60+ Cr • Achieved an annual revenue trajectory of INR 25Cr+ (Incl. Medcare products) Key highlights AGEasy^ Revenue (Rs Lacs) • Product port
Slide 29: Customers review and rating for AGEasy products
Customers review and rating for AGEasy products 1,92,906 Total NPS 1st Apr’24 – 31st Dec’24 43,371 D2C Lives touched 1,49,535 Amazon 187 Total NPS 83 D2C 762 Total Apr May Jun Jul Aug Sep Oct Nov Dec 104 Amazon 356 D2C 33.67 36.17 406 Amazon 27.37 Unhappy Customer 13.51 10.71 13.24 Happy Customers 3
Slide 30: Consolidated Financials
Consolidated Financials Consolidated Financials 29
Slide 31: Consolidated Financial Performance (Q3FY25)
Consolidated Financial Performance (Q3FY25): Revenue at Rs 39 Cr, down 18% sequentially q-o-q over Q2FY25; EBITDA loss at Rs 24.7 Cr in Q3FY25 vs Rs 15.7 Cr in Q2FY25 Particulars (Rs Cr) Q3FY25 Q2FY25 QoQ(%) Q3FY24 YoY(%) 9MFY25 9MFY24 YoY(%) Total Income 39.1 47.5 -18% 44.5 -12% 118.7 145.1 -18% To
Slide 32: Balance Sheet: Consolidated Net worth of Rs 400 Crores as of Dec'24
Balance Sheet: Consolidated Net worth of Rs 400 Crores as of Dec’24 Particulars (Rs in Crs.) 31-Dec-24 31-Mar-24 Particulars (Rs in Crs.) 31-Dec-24 31-Mar-24 Equity 400.1 492.3 Non-Current Assets 396.2 341.1 Non-Current Liabilities 95.2 53.2 Current Assets 258.2 343.2 Current liabilities 158.1 138.8
Slide 33: Well funded to pursue growth opportunities with Rs 312+ crores
Well funded to pursue growth opportunities over next 12 months with Rs 312+ crores of Treasury and other monetisable assets; fund raising discussions initiated for future growth Senior living – Residences for Seniors Assisted Care Services – Other Assets^ (Rs 147 Cr) Invested Capital (Rs 441 Cr) Inv
Slide 34: 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