Slide 1: Filing cover letter to stock exchanges
February 8, 2024 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 – 400 001 Mumbai – 400051 Scrip Code: 543223 Name of Scrip: MAXIND Sub: Investor Release – Q3
Slide 2: Investor Release February 8, 2024
Investor Release February 8, 2024
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: Antara Senior Care certified Great Place to Work
Antara Senior Care has been certified as great workplace by Great Place to Work 3
Slide 5: Residences update: Doon and Noida sold out; pre-launch activities on track
Residences update : Doon^ and Noida sold out; Pre-launch activities on track for Gurugram, Bengaluru and Hyderabad; Exploration for new opportunities in Chennai, Goa, Pune and Chandigarh ongoing DOON GURUGRam All units sold^ Definitive agreement executed 189 apartments have been handed over Massing,
Slide 6: Assisted care update: care homes, MedCare and AGEasy
Assisted care update: 2 Care homes (168 beds) in Bengaluru; ~ 300 beds identified in NCR, Chennai and Hyderabad; AGEasy launched with 17 products across 2 chronic conditions Care homes MEDCARE • 2 Care homes (68 beds) operational in Gurugram; 60 beds in • 800+ SKUs available Noida expected to be lau
Slide 7: Max India Key Highlights (Q3 & 9MFY24)
Max India Key Highlights (Q3 & 9MFY24) Consolidated Revenue1 Consolidated EBITDA2 Treasury & Other Assets Consolidated Net worth Max India Q3FY24 9MFY24 Q3FY24 9MFY24 Monetisable Assets Networth Rs 45 Cr -4% Rs 145 Cr -5% Rs (12.8) Cr Rs (18.2) Cr Rs 500 Cr+ 11% Rs 513 Cr 5% [Rs 46 Cr] [Rs 153 Cr] [
Slide 8: Strong endorsement for our brand and offerings by customers
Strong endorsement for our brand and offerings by customers ▪ SAT index at 88% ▪ High scores in areas of Housekeeping, Resident Services, Security and resident engagement ▪ The most appreciated thing is the Quality of life at Antara ▪ Residents wanting further enhancements on Clinical Services ▪ Sat
Slide 9: Residences for Seniors
Residences for Seniors
Slide 10: 1st Community - Antara Dehradun - All units sold
1st Community - Antara Dehradun – All units sold^, continues to be cash and PBT positive, Cash surplus ~Rs 125 Cr+ as of Dec’23 14 Acres 5,75,500 1,400-6,600 Land Parcel of the Average Apartment company's flagship Saleable area Size range in Sq Ft project in sq ft Collection 60,000 ~Rs 14,0001 effic
Slide 11: 2nd Community - Antara Noida Phase 1: All units sold
2nd Community - Antara Noida Phase 1: All units sold, collection efficiency ~ 98% 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 Cumulative sales and collection trend Channel Mix (%) Sales Realisation ~ 98% Direct: P
Slide 12: Antara Noida: targeting planned IRRs; cost headwinds being mitigated
Antara Noida (Under Construction): targeting to achieve planned IRRs; cost headwinds being mitigated through sales velocity, price increase and timely delivery Project Cost for Phase - Payment plan 1&2 (including Land) Antara Fee (S&M, PM) (break-up basis units sold) 983 Rs. ~10% 10:90 Payment Plan
Slide 13: Noida Phase I - Terrace Slab & Crown completed for all three towers
Noida Phase I – Terrace Slab & Crown completed for all three towers; Finishing work in progress Jan 24 12
Slide 14: Care Homes/ Memory Care Homes
Care Homes/ Memory Care Homes
Slide 15: Care Home: Net revenue at Rs 1.46 Cr in Q3FY24
Care Home (CH): Net revenue at Rs 1.46 Cr in Q3FY24, grew 28%* y-o-y Occupancy trend at Care Homes (bed days) Care Homes Revenue (Rs Lacs) 27% 28% YoY YoY 240 4000 1966 210 113.8 3200 180 150.7 146 2454 2184 2284 2492 150 129.2 130.4 2400 120 1600 90 60 800 1720 85.9 30 0 211 6 62 0 7.3 0.2 3.3 Q3FY
Slide 16: Gurugram CH proof of success; contribution margins improving
Gurugram CH Proof of success established, Contribution margins steadily improving from (-)3% to ~ 12% in eight quarters Net Revenue (Rs Lacs) Key learnings so far 120 • Per day pricing in the range of 97.9 98.3 INR 5000-6000 per day 100 94.5 89.8 82.6 82 85.8 • 15 patients staying in the 80 76.4 cen
Slide 17: Care at Home
Care at Home 16
Slide 18: Care at Home - Highest ever net revenue in Q3
Care at Home – Highest ever net revenue ~ Rs 2.5 Cr in Q3, growth of 45% y-o-y; Contribution margin at 15% in Q3FY24 (14% in Q3FY23) Patient served (Nos) Care at Homes Revenue^ (Rs Lacs) 3000 64% 300 45% YoY YoY 250 2400 249.8 2300 200 207.4 1800 1700 150 172.3 170.3 1497 153.8 1200 1401 100 1159 60
Slide 19: MedCare
MedCare 18
Slide 20: MedCare: Highest ever net revenue in Q3
MedCare: Highest ever net revenue ~ Rs 2.1 Cr in Q3, grew 170% y-o-y, margins impacted by shift in channel mix from B2C to B2B MedCare Revenue (Rs Lacs) 170% Contribution margin at -5%^ in Q3FY24 (3% in Q3FY23) YoY ^ margins impacted due to shift in channel mix from B2C to B2B and sale of old invent
Slide 21: AGEasy
AGEasy HEATH STUDIO DELHI | BENGALURU | GURUGRAM
Slide 22: AGEasy: Launched on Aug 21, 2023, live across all platforms
AGEasy : Launched on Aug 21, 2023, live across all platforms Website – Sep 4th Traffic – 4K visits/day 70 Orders Health Studio- Sep 4th 61 Expert Sessions completed # 12 Orders Amazon – Aug 21st ; WhatsApp - Sep 4th # 2500+ Orders 14 Expert Sessions completed # 10 Orders 21
Slide 23: AGEasy launched with 17 products across 4 categories
AGEasy launched with 17 products across 4 categories along with physiotherapy services for knee pain and fall detection Knee pain / knee health solution Fall Detection Braces and supports Nutraceuticals Pain Relief Physiotherapy Fall Detection 1 Comfort Knit Knee Cap 9 Vitamin 13 Pain Relief Gel To
Slide 24: AGEasy: Revenue Rs 1 Cr in Q3
AGEasy: Revenue Rs 1 Cr in Q3, good performance on marketplace for braces and pain relief products AGEasy Revenue (Rs Lacs) Key highlights • 16K+ customers served; ARR of INR 5 Cr within 3 months; 288% 50 YoY • 1200+ repeat orders; 80%+ revenue from top 8 cities 40 43.8 • 10+ products rated 4.0+ on
Slide 25: Consolidated Financials
Consolidated Financials Consolidated Financials 24
Slide 26: Well capitalised with Rs 500+ crores of Treasury and other assets
Well capitalised to pursue growth opportunities with ~ Rs 500+ crores of Treasury (including surplus in subsidiaries) and other monetisable assets Senior living – Residences for Seniors Assisted Care Services – Other Assets^ (Rs 314 Cr) Invested Capital (Rs 400 Cr) Invested Capital (Rs 134 Cr) Antar
Slide 27: Consolidated Revenue at Rs 145 Cr in 9MFY24; EBITDA loss
Consolidated Revenue at Rs 145 Cr in 9MFY24, down 5% y-o-y; Consolidated EBITDA loss at Rs 18 Cr in 9MFY24 vs gain of Rs 6 Cr in 9MFY23 Particulars (Rs Cr) Q3FY24 Q2FY24 Q-o-Q Q3FY23 Y-o-Y 9MFY24 9MFY23 Y-o-Y Total Income 44.5 55.1 -19% 46.2 -4% 145.1 153.3 -5% Total Expenses 57.3 53.6 46.1 163.3 14
Slide 28: Balance Sheet: Net worth of Rs 513 Crores
Balance Sheet: Strong BS position with Net worth of Rs 513 Crores Particulars (Rs in Crs.) 31-Dec-23 31-Mar-23 Particulars (Rs in Crs.) 31-Dec-23 31-Mar-23 Non-Current Assets 279.3 294.3 Equity 512.5 542.1 Current Assets 406.9 459.1 Non-Current Liabilities 37.6 49.8 Assets held for sale 8.0 - Curren
Slide 29: 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