Mahindra Lifespaces Investor Presentation Q4 FY22
Mahindra Lifespaces Investor Presentation Q4 FY22
Mahindra Lifespaces Investor Presentation Q4 FY22
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 the basis or be relied upon in connection
with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document. The Company
makes no representation or warranty, express or implied, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or
opinions contained herein. All terms, conditions, warranties and representations in any of the foregoing respects which might otherwise be implied are hereby excluded. The
information contained in this Presentation is only current as of its date. This Presentation may not be all inclusive and may not contain all the information that you may consider
material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company's market opportunity and business prospects that are individually and collectively
“forward-looking statements” within the meaning of applicable laws and regulations. Such forward-looking statements are not guaranteeing the future performance of the
Company and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. The risks and uncertainties relating to such statements include,
but are not limited to, change in industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labour
relations, the Company’s ability to manage growth, competition, time and cost overruns on contracts. The Company's actual results, levels of activity, performance or
achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking
information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company
and the Company is not responsible for such third-party statements and projections.
The Company may alter, modify or otherwise change in any manner the content of this Presentation, without obligation to notify any person of such revision or changes. This
Presentation cannot be copied and disseminated in any manner. No person is authorized to give any information or to make any representation not contained in and not
consistent with this Presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of the Company.
The Company uses carpet areas as per RERA in its customer communication. However, the data in saleable area terms has been referred in this Presentation, to enable continuity
of information to investors and shall not be construed to be of any relevance to home buyers / customers. The information given in this Presentation does not purport or
tantamount to any disclosure under RERA and should not be construed to be or constitute advertisements, solicitations, marketing, offer for sale, invitation to offer, invitation to
acquire including within the purview of RERA.
The Company's operations have been impacted by the COVID-19 pandemic. Considering the evolving nature of the pandemic, its actual impact in future could be different from
that estimated as on the date of this Presentation. The Company will continue to monitor any material changes to future economic conditions.
The operating numbers mentioned in the Presentation are for the Company and its subsidiaries / joint ventures / associates engaged in the real estate business (mainly MLDL,
MHPL, MBDL, MITL, MRDL, MHDL, MWCDL, MWCJL, MIPCL & MIPPL).
2
1 MLDL Overview
1
2 MLDL Residential
3 MLDL IC & IC
4 MLDL Financials
5 MLDL Leadership
3
Investor Presentation Q4 FY2022 4
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 Launch of second JV with SCM JV with Partnered with Launch of Origins Achieved
forays into real GESCO merge to World City at Real Estate Sumitomo Corp. HDFC Capital Chennai milestone of 100th
estate business as form Mahindra Jaipur (Singapore) Pvt. for establishing Rights Issue of Commenced client at MWC Jaipur
Mahindra Realty & Gesco Developers Ltd. for residential industrial park in Rs. 300 cr development in
Infrastructure Ltd. project North Chennai. Launched Origins Ahmedabad
Developers Launches its first development Partnered with Industrial Clusters Partnered with IFC
Limited (MRIDL) large format Launch of new TERI to set up brand – ‘ORIGINS’ for MWC Jaipur and
integrated business vertical - Mahindra TERI Origins Ahmedabad
business city - Happinest focused Centre of
Mahindra World on low-cost Excellence for
City (MWC), housing Sustainable
Chennai Habitats
20.1%
Shares Outstanding 15.45 cr
51.3%
18.8%
Free Float 2,978 cr
9.8%
Symbol (BSE) / (NSE) 532313 / MAHLIFE
Promoters FII MF Others
1028 cr 298 cr
Rs. cr Rs. cr
3 MLDL IC & IC
4 MLDL Financials
5 MLDL Leadership
13
M&M
51%
MLDL
FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
1.27
1.17 1.30
0.97 0.94 1.07
0.68
0.39
FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable.
0.39 0.40
346 328
303 0.32 308
251 255
0.18 204
171
145 137
110 104
70
51
Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22
0.23
0.12
0.20
0.06
0.10
0
Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22
Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable.
Value Homes
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
Happinest Palghar Ph 2 0.36 0.18 0.00 NA 0.18 0.11 41 78%
MMR Happinest Kalyan 1 0.84 0.84 0.00 NA 0.84 0.73 399 66%
Happinest Kalyan 2 1.09 0.71 0.00 NA 0.71 0.11 56 3%
Pune Happinest Tathawade 1.19 0.51 0.00 NA 0.51 0.41 237 24%
Happinest Avadi 0.74 0.74 0.64 0.64 0.10 0.10 34 85%
Chennai
Happinest MWCC 0.41 0.21 0.00 NA 0.21 0.21 78 15%
TOTAL 4.63 3.19 0.64 0.64 2.55 1.67 844 39%
Note: Above figures are based on saleable area (msft), unless specified & includes JD partner’s share wherever applicable. # Project under Joint Development (JD)
# Project under Joint Development (JD) Estimated saleable area includes JD partner’s share wherever applicable. *Serenes projects has been relaunched and branded as Meridian
Note: All figures correspond to MLDL and associates, including commercial units that are part of residential development wherever applicable.
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 ^ 2773 Estimated Sales ^ 1793
Estimated Sales ^ 4087
Less: Amount Collected of Sold Units 905 Less: Estimated Construction Cost # 1026
Less: Estimated Construction Cost # 1044
Less: Estimated Construction Cost # 2498
Net amount to be collected 767
Net amount to be collected 824 Net amount to be collected 1589
2 MLDL Residential
4 MLDL Financials
5 MLDL Leadership
23
Leased Area (Acres) Average Price per Acre (Rs. cr)
2.7
2.6
2.5
110.6
2.3 93.1
2.3
61.6
39.6 46.4
Investor Presentation Q4 FY2022 * Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres, FY22: nil) 24
M&M
51%
MLDL
237
25 53
222
958 1053 590
242
Investor Presentation Q4 FY2022 * Leasable / Saleable area is based on management estimates and includes commercial & residential area wherever applicable. 26
Leased Area (Acres) Park O&M, Chennai (Rs. cr)
110.6
93.1 23.3 23.3 23.9
* For MWC Chennai, it does not include sales outside MWC boundaries (FY20: 3 acres, FY21: 9.2 acres)
customers ( operational)
Gummidpundi (Origins Chennai Ph 2) Chennai 225 * Under land aggregation stage to ensure contiguity.
TOTAL 2244
# Above information is based on management estimates and can change / alter / vary materially.
Includes land held by SPVs * Represents Gross Planned Area
No assurances are being made in relation to the timelines or realisation of above planned developments.
Investor Presentation Q4 FY2022 29
4 MLDL Financials
1 MLDL Overview
2 MLDL Residential
3 MLDL IC & IC
5 MLDL Leadership
30
PROFIT & LOSS STATEMENT Q4 FY22 Q3 FY22 Q4 FY21 FY22 FY21
Share in Net Profit / (Loss) of Associates 27.3 49.8 4.9 90.3 12.1
Profit from Ordinary Activities before Tax 78.0 16.9 (33.6) 99.3 (77.8)
Less : Provision for Current Taxation 5.5 0.6 1.0 9.3 4.4
Less : Provision for Deferred Taxation (65.2) (8.6) (6.8) (71.8) (10.8)
Net Profit for the period 137.7 24.9 (27.8) 161.7 (71.5)
2 MLDL Residential
3 MLDL IC & IC
4 MLDL Financials
34
Non-Executive Chairman
Arun Nanda
Arvind Subramanian
Chief Legal Officer Chief Financial Officer Chief People Officer Chief Business Officer - Industrial Chief Marketing Officer
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, Masters degree from Carnegie Mellon
Chairman Emeritus of Indo-French Chamber of Joined Mahindra Group as Chief Executive and MBA - IIM-Ahmedabad
Commerce and Industry Officer of Mahindra Happinest in 2018 Managing Director and CEO, Mahindra &
Former Chairman of CII Western Region Frequent speaker at industry events and Mahindra Ltd.
Associated with the Group for over 45 years conferences, has authored several op-eds, Former President and Chief Executive Officer
Honoured ‘Knight of National Order of Legion articles and reports on ‘Digital India’, the ‘Next of GE Capital India
of Honour’ by President of French Republic. Billion Consumers’ and ‘Future of Real Estate’
CA, Alumni of Harvard Business School - Holds master’s degree in Law from the B.Tech. - IIT Kanpur, MS - UC Berkeley,
Advanced Management Program Mumbai University MBA - Carnegie Mellon - Tepper Business School
President - Group Controller of F&A, M&M Ltd Director of Capricon Realty, Batliboi Ltd. and Director of Gaia, an Urban Tech firm providing
Chairman of Mahindra Integrated Business Ras Resorts. insights-as-a-service for Smart Sites and Smart
Solutions Pvt. Ltd. Member of Bombay Incorporated Law Cities.
Society; Law Society of England & Wales; Law Holds 7 US patents for semi-conductor
Society of Singapore; Bar Council of manufacturing. Author of two books.
Maharashtra; Bombay Bar Association.
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/subsidiaries of
completed and occupancy other interest in the land is held or other interest in the land is held the Company/joint ventures of
certificates have been either directly or indirectly by the either directly or indirectly by the the Company/consolidated
granted by the relevant Company/subsidiaries of the Company/subsidiaries of the partnership firms of the Company
authorities Company/joint ventures of the Company/joint ventures of the hold interest, but on which there
Company/consolidated Company/consolidated partnership is no planned development as of
partnership firms of the firms of the Company; (ii) if required, the date hereof
Company; (ii) if required, all land applications have been made for
for the project has been conversion of use for the land for the
converted for the intended use; intended use; (iii) preliminary
(iii) the requisite approvals for management development plans are in
commencement of construction place; and (iv) architects have been
have been obtained identified