Embed Size (px)
Citation preview
1COMPANY PROFILE – Q4 FY20
2
Outline01
02
03
04
Introduction and Overview
Business Model
Financial Performance
Management Team
05 Appendices
Disclaimer:• The Company has registered its ongoing projects in the applicable jurisdictions / States under the Real Estate (Regulation and Development) Act, 2016 (“RERA”).
None of the images, material, projections, details, descriptions, area statements and other information that are mentioned herein should be deemed to be orconstitute advertisements, solicitations, marketing, offer for sale, invitation to offer, invitation to acquire, including within the purview of the RERA.
• The Company uses carpet areas as per RERA in its customer communication. However, the data in saleable area terms has been presented here to enablecontinuity of information to investors and shall not be construed to be of any relevance to home buyers / customers.
• The information compiled in this presentation is for the Company and its subsidiaries / joint ventures / associates engaged in the real estate business (MLDL,MHPL, MBDL, MITL, MRDL, MHDL, MWCDL, MWCJL, MIPCL & MIPPL)
3
Introduction and Overview
01
4
Mahindra Lifespaces: Leading Real Estate PlayerCompany Overview
Part of US $ 20.7 billion Mahindra Group Group’s operations spans across 6 continents; 100+ countries; in 10 sectors and 20 industries.
Balanced business portfolio Residential business: Mid - Premium & Affordablehousing segment.Integrated Cities & Industrial Clusters: Large formatIntegrated Business Cities and recently forayedinto Industrial Clusters.
Pan-India presence with over 20 years of proven track record Developments across nine Indian cities - Mumbai, Pune, Nagpur, Gurgaon, Faridabad, Jaipur, Chennai, Hyderabad and Bengaluru.
Pioneers in sustainable developmentTriple bottom line approach to transforming urban landscapes through sustainable communities.
Shareholding Pattern & Major Shareholders
51.5%
13.4%
10.0%
25.1% Promoters
FPI / FII
DIIs
Others
Key InvestorsFirst State Investments
Kotak Mutual FundICICI Prudential Life Insurance Company Ltd.
UTI AMC
PromoterMahindra and Mahindra Ltd.
5
Evolution of business over the last two decades
1994 2006-07 2008 2012 2013 2014 201520022001
Mahindra Group forays into the real estate business as Mahindra Realty & Infrastructure Developers Limited (MRIDL)
First developer in India to launch green homes
JV with SCM Real Estate (Singapore) Pvt. Ltd. for residential project development
JV with Sumitomo Corporation for establishing industrial park in North Chennai
Launch of first international office in Dubai
MRIDL and GESCO merge to form Mahindra GescoDevelopers Ltd.
First real estate company in India to publish a standalone GRI report
Expands customer base to 100+ clients at the World Cities
Launch of new business vertical -Happinest focused on low cost housing
Launches its first large format integrated business city -Mahindra World City, Chennai
Company name changes to Mahindra Lifespace Developers Ltd.
Launches second World City at Jaipur
2016
Partnered with The Energy and Resource Institute (TERI) to set up Mahindra TERI Centre of Excellence for Sustainable Habitats
2017
Partnered with IFC & HDFC Capital.
Rights Issue of Rs. 300 Crs Launched an Industrial
Clusters brand “Origins by Mahindra World City”
6
INR 329.88* lakh CSR spend, in Environment, Education, Health and Community development initiatives.
Green Army : Reached 350 schools, over 70,000 students and 2.5 lakh citizens since inception (Mumbai, MMR, Pune, Nagpur, Chennai, Delhi, Bengaluru and completed projects of MLDL)
Certified cities & clusters
Certified Homes
16+ million
square feet
16
Only company with 100% green portfolio
EnvironmentBuild Ecological Capital
SocialBuild Social and Human
capital
GovernanceBuild Financial Capital
Founding member of
Sustainable Housing Leadership Consortium
(SHLC)
1st and only Real Estate Company in India to publish a Sustainability report
Transforming urban landscapes by creating sustainable communities
Includes MLDL, MBDL, MHPL, MWCJL, MITL, MRDL, MWCDL
Mahindra TERI Center of Excellence Research on
• Materials Database• Building Envelope Studies• Visual Comfort Database • Thermal Comfort Studies• Water Related Activities
7
Awards and Recognition
Antheia (Pune) received the ‘First in housing category in the Swachh Bharat drive” by Pimpri
Chinchwad Muncipal Corporation
Ranked 17thin
the Great Places to Work - mid-sized
companies in 2019
Received ‘Corporate Governance and
Sustainability Vision Award in two categories
–Sustainable Performance and Corporate Social
Responsibility’ from the Indian Chamber of
Commerce
Awarded ‘Green Excellence Award- Green Construction Category’ at
the iDAC Expo
Received the ‘Yuva Unstoppable Gratitude Award 2020’ from Yuva Unstoppable Organisation
8
Business Model02
9
Residential Integrated Cities & Industrial Clusters
Balanced Business Model
Integrated CitiesAffordable HousingMid and Premium Residential
Industrial Clusters
Ahmedabad
North Chennai
10
Business OverviewResidential Integrated Cities & Industrial Clusters
Integrated CitiesAffordable Housing
Mid and Premium Residential
Entities Economic Interest
Ongoing & Forthcoming Area (msft)**
MLDL 100% 2.82
MHPL 50% 0.77
MBDL 100% 0.56
MITL 96.3% 1.31
MRDL 96.3% 0.22
Industrial Clusters
Brand: Brand: Brand: Brand:
Entities Economic Interest
Ongoing & Forthcoming Area (msft)**
MLDL 100% 0.26
MHDL 25% 1.88
Entities Economic Interest
Leasable Area (acres)
***
MWCDL 89% 1145
MWCJL 74% 2011
Entities Economic Interest
Leasable Area (acres)
***
MIPCL 53.4% 209
MIPPL 50% 221
*Completed Development does not include projects completed by GESCO and includes commercial units that are part of residential development** Data represents estimated saleable area including JD partner’s share, wherever applicable; includes commercial space completed in residential projects*** Leasable area is based on management estimates.
Completed Development *
Completed Development *16.45
msft1.01 msft
Leased Area 1954 acres
Leased Area 38 acres
Ongoing & Forthcoming Area**
Ongoing & Forthcoming Area**5.68
msft2.13 msft
Leasable Area*** 3156
acresLeasable Area*** 430
acres
Development Footprint**
Development Footprint**22.13
msft3.14 msft
Gross Area 4437 acres
Gross Area 629 acres
Area available for Leasing 1202
acresArea available for Leasing 392
acresArea available for Future Sales**
Area available for Future Sales**4.73
msft1.13 msft
11
Growth Strategies for the CompanyResidential
Mid Premium & Affordable Housing
Industrial
Integrated Cities & Integrated Clusters
Continue to focus on land acquisition within defined guardrails Leverage the opportunity in stressed assets & redevelopment within
the identified risk framework Pursue asset light models like JD / JV- selectively outright purchase
& DM in mid-premium segment.
Robust Land Acquisition
Ensuring a differentiated customer experience through-out the life-cycle enabled by quality, design, and technology.
Expanding sales outreach and strengthening our brand awareness. Be the preferred partner for stakeholders such as land owners and
investors.
Focus on sales acceleration
Sharp Segment Focus Increasing depth & presence in identified growth markets: Mumbai,
Bangalore, & Pune Continued focus on the mid-premium segment with products in
ticket sizes of Rs. 50 lakhs to Rs. 2.5 crore (upto Rs. 4 cr inMumbai)
Accelerating development of residential in MWC Chennai andinitiating in MWC Jaipur.
Rapidly grow the sub Rs. 40 lakh, affordable housing segmentunder the brand “Happinest”.
Further Strengthen the Brand
Focus markets : USA, China, Japan, Korea, France & Germany. Accelerate lease of retail & commercial lands at MWC Chennai Continue the thrust on sales at MWC Jaipur for industrial & social
infrastructure. Sign anchor client & launch Origins Ahmedabad shortly, leverage on
sign ups at Origins, Chennai Increased focus on warehousing & logistics segment Leverage existing clients’ enhanced ecosystem for new sign-ups
Pursue strategic partnerships selectively via asset light model toleverage on our brand and expertise.
Pursue selective asset light expansion
12
Residential Integrated Cities & Industrial Clusters
Balanced Business Model
Integrated CitiesAffordable HousingMid and Premium Residential
Industrial Clusters
Ahmedabad
North Chennai
13
: Mid-Premium Residential
Projects in Mid-Premium ResidentialComprising of multi-family apartments in gatedcommunities within large metros with ticket size of Rs.0.5 Crs to Rs. 4 Crs
Completed 16.45# msft of residential and commercial real estate Currently, 2.17 msft of residential real estate underexecution with further 3.51* msft in the pipeline
Focus on 4 core marketsMumbai, Pune, Bengaluru & NCRFocus on active corridors to ensure low volatility indemand
# Does not include projects completed by GESCO.* Data represents estimated saleable / leasable area
14
: Affordable Housing
* Data represents estimated saleable / leasable area
Happinest – a brand for Affordable Housing by Mahindra LifespacesProvide quality housing at affordable prices to the emerging middle classin the country
Business model based on fast turnaroundScalability across markets dependent on quicker execution and salescoupled with timely approval process
Opportunity for growthCatering to a large underserved market with high potential for growthgiven the demographics of urban India
Developing projects with products priced sub Rs. 50 lakhs / unitCompleted 0.97 msft with further 1.40 msft under execution and another0.73* msft in the pipeline
Region Chennai MMR
Location Avadi Boisar Palghar Kalyan
Total Development 0.73 0.49 1.05 0.83
Launched 0.66 0.49 0.41 0.83
Completed 0.48 0.49 -
Ongoing 0.18 - 0.41 0.83
Forthcoming 0.08 - 0.64 0.00Happinest Boisar
Happinest Avadi
All figures in msft of Saleable / Leasable area
15
Geographic presence of residential business
** Data represents estimated saleable / leasable area.## Includes 0.23 msft developed by Mahindra World City Chennai Developers Ltd.
* Does not include projects completed by GESCO. Please refer “Glossary” for definitions on Completed, Ongoing, Forthcoming and Land inventoryClassification of area.
a. NCR includes Delhi, Gurgaon and Faridabad.b. MMR includes Mumbai, Thane, Boisar, Palghar, Kalyan and Alibaug.
NCRCompleted: 3.41Ongoing**: 0.41Forthcoming**: 0.37Land Inventory: –Total: 4.18
MMR Mid-Premium HappinestCompleted*: 2.97 0.53Ongoing**: 0.28 1.24Forthcoming**: 0.63 0.64Land Inventory**: 0.94 –Total: 4.81 2.40
Pune Completed: 3.15Ongoing**: 0.50Forthcoming**: 0.68Land Inventory: –Total: 4.33
Total (msft) Mid-Premium HappinestCompleted*: 16.45 1.01Ongoing**: 2.17 1.42Forthcoming**: 3.51 0.71Land Inventory**: 10.44 –Total: 32.57 3.14Completed area includes 1.03 msft of Commercial development
Chennai Mid-Premium HappinestCompleted*: ##3.59 0.48Ongoing**: 0.44 0.18Forthcoming**: 1.10 0.08Land Inventory**: 9.50 –Total: 14.62 0.73
Hyderabad Completed: 1.08Ongoing**: –Forthcoming**: –Land Inventory: –Total: 1.08
BengaluruCompleted*: 0.87Ongoing**: –Forthcoming**: 0.74Land Inventory: –Total: 1.61
NagpurCompleted: 0.99Ongoing**: 0.56Forthcoming**: –Land Inventory: –Total: 1.55
JaipurCompleted #: 0.40Ongoing**: –Forthcoming**: –Land Inventory: –Total: 0.40
# Refers to IT Park, Evolve developed by Mahindra World City Jaipur Ltd.
Note: All figures in msft of Saleable / Leasable area
16
Strong track record of executionStrong focus on “On-Time Delivery”
823
2254
15921255 1222
FY16 FY17 FY18 FY19 FY20
No. of units handed over
547
336 328 331289
FY16 FY17 FY18 FY19 FY20
Construction Spend (Rs. Crs.)
3.30.9 0.7
1.8 1.1
3.9
3.6 4.03.7
3.6
1211
10
12 12
FY16 FY17 FY18 FY19 FY20Area Completed (msft) Area under Execution (msft)No. of Ongoing Projects
836
536 611
1,023
818
FY16 FY17 FY18 FY19 FY20#
Sales Value (Rs. Crs.)
# Sales value doesn’t include cancellations in Luminare project during Q2FY20 and Q3FY20 of Rs 147 Crores
17
Integrated Cities & Industrial ClustersResidential
Balanced Business Model
Integrated CitiesAffordable HousingMid and Premium Residential
Industrial Clusters
Ahmedabad
North Chennai
18
: Integrated Cities
Mahindra World City – The Concept • Provide integrated infrastructure for companies in
manufacturing and services sector under SEZ andDomestic Tariff Areas along with Residential and Socialinfrastructure
Currently developing two large format integrated business cites under PPP model at Chennai and Jaipur
• MWC Jaipur: having area of ~2900 acres in partnership with RIICO (26% stake), commenced operation in 2007.
• MWC Chennai: having area of ~1500 acres in partnership with TIDCO (11% stake), commenced operation in 2002.
Well diversified customer base Customers across sectors such as IT/ITES, automotive& auto ancillaries, light engineering and handicrafts.
19
Chennai Jaipur
Destination of choice for world class customers
DTAAuto Ancillary
SEZ IT SEZ
Marquee customers (80+ customers as of Jun-19) Marquee customers (85+ customers as of Jun-19)
DTA Engg. SEZ IT SEZHandicrafts
SEZApparel
SEZ
20
Creating Economic ValueMahindra World City Chennai*
9,359 10,202 11,428 12,683 10,280
38,000 38,000
39,500 39,500 40,000
FY16 FY17 FY18 FY19 9M FY20
Exports (Rs. Crs.)* Employment (Direct)
4,600
5,105 5,165 5,240 5,256
FY16 FY17 FY18 FY19 9M FY20
Cumulative Investments (Rs. Crs.)
Mahindra World City Jaipur
1,128 1,245 1,311 1,552 1,281
8,396 8,300
10,230 11,334
12,876
FY16 FY17 FY18 FY19 FY20
Exports (Rs. Crs.) Employment (Direct)
2,872 3,258
3,648
4,407 5,118
FY16 FY17 FY18 FY19 FY20
Cumulative Investments (Rs. Crs.)
* Latest numbers not available due to lockdown at mentioned location
21
: Industrial Clusters
Launched “Origins by Mahindra World City”, a brand for Industrial Clusters.
Origins by Mahindra World City – The Concept • An industrial cluster of 250 to 600 acres at each location in proximity of high
growth corridors• Core focus on industrial infrastructure with supporting residential and social
infrastructure• Offering higher level of productivity enhancing value added services for
businesses
Currently developing two Industrial Clusters at North Chennai and near AhmedabadProjects at North Chennai and near Ahmedabad spread over ~600 acres
Hassle-Free Transactions Plug and Play
Business Support Services
Sustainable and Smart
World Class Customers
Preferred Workplace
22
Origins at North Chennai
Located on High Growth Corridor - NH16
In proximity to Ponneri– GOI’s 100 smart cityKavaraipetti Stn 3 KM
Ponneri Stn 5 KM
Chennai City 35 KMChennai Airport 70 KM
Chennai Port 30 KMEnnore 25 KM
Kattupalli 25 KM
Project Location
Origins, North Chennai : (Ongoing)
– SPV Name: MIPCL (JV with Sumitomo Corporation)
– Project Approvals: Received
– Construction Progress: Under Development
– Leased 7.7 Acres in Q4 FY20
209
3815
Area
in a
cres
Leasable Area* Leased Area Leased FY20
* Leasable area is based on management estimates.
23
Origins near Ahmedabad
Origins, Ahmedabad: (Forthcoming)
– SPV Name: MIPPL (Strategic partnership with IFC)
– Project Approvals: Received
– Construction Progress: Under development
– MOU signed with State Government in Vibrant Gujarat 2017
Dholera – 45 KM
Sanand – 58 KM
Becharaji 122 km
Bagodra – 12 KM
Kheda – 65 KM
120 KM
70 KM
Located on NH8A on Ahmedabad – Rajkot corridor – DMIC Influence Zone
Ahmedabad Airport 77 KMPipava Port 233 KMKandla Port 307 KM
Mundra Port 348 KMSurendranagar Stn 55 KM
Ahmedabad Stn 77 KM
Established industrial corridorExisting value chain for quick setup
221
0
Area
in a
cres
Leasable Area* Leased Area Leased FY20
* Leasable area is based on management estimates.
24
Financial Performance 03
25
Financial PerformanceAll figures in Rs. Crores
0.480.38
0.220.12 0.14
FY16 FY17 FY18 FY19 FY20
Gross Debt to Equity Ratio
10.32% 9.85% 9.49% 9.08% 8.66%
FY16 FY17 FY18 FY19 FY20
Interest Cost
Balanced leverage at efficient borrowing cost
For MLDL Consolidated(As per IND AS)
Total Income 646 654 644 831PAT -193 120 101 103Net Worth 1701 1930 2059 1,700
FY 2020 FY 2019 FY 2018 FY 2017
26
Residential and IC&IC Business Performance
Note: The above details are provided for better understanding of the performance of Residential and Industrial segments of the Company. Duecare has been taken in compilation of the same by Management.
All figures in Rs Crs unless specified
* All the figures correspond to residential units and includes commercial units, if any.# Debt represents funding from Banks/ FI’s / Third Parties. Any contribution made by promoters / strategic partners (including ICDs) is excludedin the debt number.** Sales value doesn’t include cancellations in Luminare project during Q2FY20 and Q3FY20 of Rs 147 Crores*** Doesn’t include 0.76 acres for Q4FY20 and 7 acres for FY20 sold outside boundaries of MWC, Chennai
Q4 FY20 FY20** Q4 FY20* FY20***Area Sold (msft) / Land Leased (acres) 0.75 1.31 22.94 39.60Sales / Lease Income 397 818 61 104
Total Operating Income 139 825 78 189PAT -235 -203 11 9PAT Margin (%) -169.0% -25.0% 14.0% 5.0%
Net worthDebt #Debt Equity Ratio
ParticularsIC & ICResidential *
12903400.3
6374430.7
27
Summary of Key Financials by Legal Entities for FY20
Note: All numbers are for respective SPV’s on standalone basis and are aggregated without considering any inter-companyeliminations.#: Debt number represents borrowing from Bank/Institutions/Third Parties and does not include borrowings from group entities,promoter and strategic partners as applicable in various entities.^ : The entities are classified as JVs and are not consolidated in MLDL consolidation.
Key Legal Entities in Residential Business All figures in Rs. Crs
Entity NameEconomic
InterestTotal
Income PATExternal
Debt# Net WorthMLDL 100.0% 520.7 (226.0) 118.9 1,496.3 MHPL^ 50.0% 425.7 (189.4) 107.3 426.7 MBDL 100.0% 99.3 3.4 - (3.5)MITL 96.3% 3.3 (9.5) 79.9 68.1 MRDL 96.3% 56.8 6.0 - 91.4 MHDL^ 25.0% 1.4 (9.7) 80.0 (23.5)Key Legal Entities in IC & IC Business
Entity NameEconomic
InterestTotal
Income PATExternal
Debt# Net WorthMWCDL^ 89.0% 43.6 (8.6) 280.5 140.6 MWCJL^ 74.0% 109.6 27.4 50.5 304.3 MIPCL^ 53.4% 40.5 1.4 112.3 173.2 MIPPL^ 50.0% 0.2 (8.8) - (9.7)
28
Management Team04
29
Name Director since Brief profile – Key leadership roles Education
Arun K. NandaChairman Apr, 2001
Chairman of Mahindra Holidays & Resorts Chairman Emeritus of the Indo-French Chamber of Commerce and Industry Former Chairman of CII Western Region Has been associated with the Group for over 40 years
Holds degree in Law from the University of Calcutta, FCA, FCS
Sangeeta PrasadManaging Director & CEO
October, 2018
Member of the Group Executive Board, Mahindra Group and Co-Chairperson, Group Diversity Council, Mahindra Group
Member of the FICCI Smart Cities Committee Has been associated with the Group since 2008
Holds degree in Electrical Engineering and MBA from IIM, Lucknow
Dr. Anish ShahDirector Aug, 2015
Group President (Strategy) for Mahindra Group Member of the Group Executive Board, Mahindra Group Former President and Chief Executive Officer of GE Capital India
Ph.D from Carnegie Mellon’s Tepper School of Business, Masters degree from Carnegie Mellon and MBA from IIM-A
Ameet HarianiIndependent Director
Sept, 2017 Director of Capricon Realty, Batliboi Ltd. and Ras Resorts. Member of Bombay Incorporated Law Society; Law Society of England & Wales; Law Society of
Singapore; Bar Council of Maharashtra; Bombay Bar Association.
Holds master’s degree in Law from the Mumbai University
AmirtaChowdhuryIndependentDirector
August, 2019
Director of Gaia, an Urban Tech firm providing insights-as-a-service for Smart Sites and Smart Cities.
Holds 7 US patents for semi-conductor manufacturing. She is the author of two books.
B.Tech. from IIT Kanpur, MS from UC Berkeley, and MBA from Carnegie Mellon - Tepper Business School
Mr. Bharat ShahIndependentDirector
July 2016 Chairman of HDFC Securities Limited, 3M India Limited and Exide Industries Limited Executive Director and founding member of HDFC Bank Limited; currently advisor to HDFC Bank
Limited since 2013
B.Sc from Mumbai University & H.N.D. in Apllied Chemistry
Experienced Board of Directors
Individuals with diverse background across industries part of the Board of Directors
30
Matrix organization structure ensures strong specialist support while enabling better market understanding and localised decision making
Management StructureNon-Executive Chairman
Arun K Nanda
MD & CEO - MLDL
Sangeeta Prasad
Business Head – South & North
Rahul Gupta
Mid-Premium Residential
CEO – HAPPINEST & COO - MLDL
Arvind Subramanian
Integrated Cities & Industrial Clusters
Business Head – Origins Chennai & MWCC
SanjaySrivastava
Business Head – MWC Jaipur
LokanathanNadar
Business Head – Origins (Ahmedabad)
Vaibhav M
Corporate
Krity Sharma
Chief People Officer
Amar Tendulkar
Chief of Design
Suhas Kulkarni
Chief Legal Officer and Company Secretary
DeepakSuvarna
Chief Project Officer
SunilSharma
Chief Customer Officer
Happinest
Amit Pal
Chief Project Officer
VimalendraSingh
Chief Sales Officer
Ankur Parmar
Chief Marketing Officer
Nidhi Seksaria
Chief of Strategy & NPD
Business Head – West
Mohit Arora
Mid-Premium Residential
Vimal Agarwal
Chief Finance Officer
Ashvin Iyengar
Sr.GM – Strategy & Business Development
31
Appendices05
32
Completed Projects
Total Development* : 1.62 mn sqm (17.46 msft)* Does not include projects completed by GESCO. Includes commercial development at Residential projects and Chennai & Jaipur inside respective Mahindra World City’s.
Location Name of the Project Area(mn sqm)
Area(msft) Location Name of the Project Area
(mn sqm) Area(msft)
Eminente 0.05 0.57 NCR Aura 0.13 1.36 Splendour 0.07 0.78 Luminare I # 0.03 0.37 Vivante 0.01 0.16 Chloris 0.04 0.39 Mahindra Park 0.02 0.19 Central Park 0.11 1.17 Mahindra Heights 0.01 0.06 Great Eastern Plaza 0.01 0.07 Mahindra Gardens 0.03 0.36 Great Eastern Centre 0.00 0.05 Great Eastern Links 0.03 0.35 Windchimes I 0.04 0.44 Great Eastern Gardens 0.05 0.49 Windchimes II 0.04 0.43 Fairwinds 0.00 0.01 Hyderabad Ashvita 0.10 1.08 Happinest Boisar 0.05 0.53 Iris Court 0.08 0.86 Royale 0.06 0.63 Sylvan County 0.05 0.50 The Woods 0.05 0.53 Aqualily Villas 0.04 0.46 Great Eastern Plaza 0.01 0.15 Aqualily Apartments A, B, C1 & 2E 0.08 0.89 Retreat 0.00 0.04 Nova 0.05 0.54 Nest 0.01 0.09 MWC Club 0.01 0.07 Le Mirage 0.01 0.12 Mahindra World School 0.01 0.11 Antheia I, II, IIIA, IIIB & IIIC 0.14 1.48 Canopy 0.00 0.05 L'Artista 0.01 0.09 HDFC Bank 0.01 0.10 Mspace 0.00 0.02 Happinest Avadi Ph I, II & III 0.04 0.48
Nagpur Bloomdale I, IIA, IIB, IIB-2, IIC, IIIA, IIIC-1 & IIID-2 0.09 0.99 Jaipur Evolve 1 0.04 0.40
Chennai Pune
Mumbai
Bengaluru
33
Project Portfolio
* NCR includes Delhi, Gurgaon and Faridabad;** MMR includes Mumbai, Boisar, Palghar, Thane, Kalyan and Alibaug;*** Does not include projects completed by GESCO. Includes commercial development inside residential complexes# Based on saleable area including JD partner’s share wherever applicable.
Total Completed Development – 17.46*** msft
Ongoing Forthcoming Land InventoryMMR** 1.52 1.26 0.94Pune 0.50 0.68 - Nagpur 0.56 - - NCR* 0.41 0.37 - Bengaluru - 0.74 - Chennai 0.62 1.17 9.50 Total 3.59 4.23 10.44
Location Saleable Area (msft) #
34
Note: Above figures are based on saleable area including JD partner’s share wherever applicable.# Project under Joint Development (JD).
All figures in msft
Summary of Ongoing and Forthcoming ProjectsTotal
DevelopmentLaunched
DevelopmentCompleted
DevelopmentOngoing
DevelopmentBalance (To
be launched)
A B C D E = (A-C-D)Roots MLDL 0.14 0.14 - 0.14 - Vicino MLDL 0.26 0.07 - 0.07 0.19 Sakinaka # MLDL 0.34 - - - 0.34 Serenes MLDL 0.16 0.06 - 0.06 0.09 Happinest Palghar 1 MHDL 0.41 0.41 - 0.41 - Happinest Palghar 2 MHDL 0.64 - - - 0.64 Happinest Kalyan MHDL 0.83 0.83 - 0.83 -
Pune Antheia MLDL 1.64 1.64 1.48 0.16 - Centralis MLDL 0.34 0.34 - 0.34 - New Project (Tathawade) MLDL 0.68 - - - 0.68
Nagpur Bloomdale MBDL 1.55 1.55 0.99 0.56 - NCR Luminare # MHPL 1.14 0.77 0.37 0.41 0.37 Bengaluru New Project (Kanakpura) MLDL 0.74 - - - 0.74 Chennai Aqualily MRDL 1.58 1.51 1.35 0.16 0.07
Lakewoods MITL 0.90 0.28 - 0.28 0.62 MWC Chennai Residential 21 MITL 0.41 - - - 0.41 Happinest Avadi MLDL 0.73 0.66 0.48 0.18 0.08
12.48 8.25 4.66 3.59 4.23 TOTAL
Region Project Name Company / SPV
MMR
35
Development mix of Ongoing Projects
Note: Above information is indicative and provides generic information about the project.
Region Project Name Location Segment Development Mix Area RangeSaleable (sqft)
Indicative Prices
(Rs. Crs)
Roots Mumbai Mid-Premium 1 & 2 BHK 740 - 1239 1 - 1.5 Vicino Mumbai Mid-Premium 1, 2 & 3 BHK 754 - 2137 1.5 - 3.9 Serenes Alibaug Luxury 3, 4 BHK Villas 3000 - 3400 3 - 3.5 Happinest Boisar Boisar Affordable 1 RK,1 & 2 BHK 369 - 762 0.13 - 0.27 Happinest Palghar 1 Palghar Affordable 1 RK, 1 & 2 BHK 234 - 812 0.08 - 0.28 Happinest Kalyan Kalyan Affordable 1 & 2 BHK 555 - 896 0.3-0.5 Antheia Pune Mid-Premium 1, 2, 2.5, 3 BHK 724 - 1789 0.5 - 1.5 Centralis Pune Mid-Premium 1 & 2 BHK 665 - 885 0.45 - 0.70
Nagpur Bloomdale Nagpur Mid-Premium1, 2, 2.5, 3 BHK, Row Houses & Duplex Homes
739 - 2440 0.3 - 1
NCR Luminare Gurgaon Luxury 3 & 4 BHK 2985 - 6007 3.5 - 4.5 Aqualily Chennai Mid-Premium 1, 3, 3.5 & 4 BHK 581 - 2228 0.25 - 1 Lakewoods Chennai Mid-Premium 2 & 3 BHK 1079 - 1478 0.45 - 0.70 Happinest Avadi Chennai Affordable 1 & 2 BHK 395 - 677 0.1 - 0.25
Pune
Chennai
MMR
36
Summary of Ongoing Projects
1 Based on saleable area including JD partner’s share wherever applicable.** Completion shown is with respect to total estimated project cost which includes land costs and construction related costs.*** RERA completion dates for the projects are as per the specific phases registered with the authorities.# Project under Joint Development (JD).
Location Project Name Launched
Development1
(msft)
PTD Area Sold(msft)
% Completion**PTD Sales
Value(Rs. Cr)
RERA Completion
Date***Roots 0.14 0.09 59% 114.1 Sep-22Vicino I 0.07 0.03 64% 54.2 Mar-24Happinest Kalyan I 0.33 0.22 34% 116.1 Dec-23Happinest Kalyan II 0.49 0.36 33% 188.6 Jun-24Happinest Palghar 1 - I 0.14 0.12 80% 36.8 Dec-20Happinest Palghar 1 - II 0.15 0.13 62% 40.3 Sep-21Happinest Palghar 1 - III 0.08 0.05 54% 16.0 Sep-21Happinest Palghar 1 - IV 0.04 0.04 56% 11.5 Dec-21Serenes 0.06 0.01 83% 7.6 Dec-21
Pune Antheia IIID 0.16 0.13 89% 86.8 Mar-22Centralis - Tower 1 0.09 0.09 28% 56.5 Aug-22Centralis - Tower 2 0.09 0.09 29% 56.6 Aug-22Centralis - Tower 3 0.09 0.09 29% 55.6 Mar-22Centralis - Tower 4 0.07 0.07 26% 44.5 Mar-22Bloomdale IIIB 0.11 0.08 65% 34.0 Sep-20Bloomdale IIIC - 2 0.04 0.03 62% 14.8 Mar-20Bloomdale IIID 0.05 0.04 64% 18.1 Sep-21Bloomdale IVA 0.14 0.05 45% 21.9 May-22Bloomdale IVB 0.14 0.08 55% 30.3 Jun-21Bloomdale IVC 0.03 0.00 55% 1.1 Sep-21Bloomdale IVD 0.04 0.02 50% 9.5 May-20
NCR Luminare II # 0.41 0.15 75% 197.5 Mar-21Aqualily Apts C2 0.16 - 46% - NA Lakewoods I 0.28 0.17 35% 64.4 Mar-22Happinest Avadi IV 0.06 0.06 94% 19.5 Jul-20Happinest Avadi V 0.10 0.09 88% 31.0 Dec-20Happinest Avadi VIB 0.02 0.01 3% 2.8 Mar-22
3.59 2.31 58% 1,330.4
MMR
Total
Chennai
37
Forthcoming Projects
Est. saleable area includes JD partner’s share wherever applicable.# Project under Joint Development (JD).
Est. Saleable Areamsft
Vicino 0.19 Serenes 0.09
NCR Luminare # 0.37 Aqualily 0.07 Lakewoods 0.62 Happinest Avadi 0.08
1.41
Sakinaka # 0.34 Happinest Palghar 2 0.64
Pune New Project (Tathawade) 0.68 Bengaluru New Project (Kanakpura) 0.74 Chennai MWC Chennai Residential 21 0.41
2.81 4.23
Subsequent Phases of Existing Projects
TOTAL - Subsequent Phases of Existing ProjectsNew Projects
TOTAL - New ProjectsTOTAL - Forthcoming Projects
Chennai
MMR
MMR
Location Name of the Project
38
Balance Inventory in Completed Projects
# Project under Joint Development (JD).* The numbers of units shown includes JD partner’s share of inventory.
Location Project Name Company MLDL Holding Balance units to sell *
Balance area to sell (msft) *
Happinest Boisar MLDL 100% 101 0.05Happinest Boisar CFC MLDL 100% 5 0.03Vivante MLDL 100% 1 0.00
Pune Antheia MLDL 100% 7 0.01Nagpur Bloomdale MBDL 100% 5 0.01NCR Luminare # MHPL 50% 45 0.14Bengaluru Windchimes MHPL 50% 44 0.09Chennai Aqualily Apts MRDL 96% 12 0.03
220 0.35TOTAL
MMR
39
Structure Overview
Note: Overview includes asset owning SPVs only. Shareholding percentage are based on common equity capital in SPVs as on December 2019.Numbers are rounded to the nearest percentage.# MIPPL is a strategic partnership between MLDL and IFC.
40
Glossary
a. Completed: projects where construction has beencompleted and occupancy certificates have been granted bythe relevant authorities
b. Ongoing: projects where (i) all title or development rights,or other interest in the land is held either directly or indirectlyby the Company/subsidiaries of the Company/joint venturesof the Company/consolidated partnership firms of theCompany; (ii) if required, all land for the project has beenconverted for the intended use; (iii) the requisite approvalsfor commencement of construction have been obtained
Classification of projects is as under:
c. Forthcoming: projects in respect of which (i) all title ordevelopment rights or other interest in the land is held eitherdirectly or indirectly by the Company/subsidiaries of theCompany/joint ventures of the Company/consolidatedpartnership firms of the Company; (ii) if required,applications have been made for conversion of use for theland for the intended use; (iii) preliminary managementdevelopment plans are in place; and (iv) architects havebeen identified
d. Land inventory: land in which any of theCompany/subsidiaries of the Company/joint ventures of theCompany/consolidated partnership firms of the Companyhold interest, but on which there is no planned developmentas of the date hereof
ACTIS Actis GP LLPCII Confederation of Indian IndustryDTA Domestic Tariff Area HDFCCAPITAL HDFC Capital Affordable Real Estate Fund-1
IC & IC Integrated Cities & Industrial ClustersIFC International Finance CorporationIGBC Indian Green Building CouncilIND AS Indian Accounting StandardsKTL Knowledge Township LimitedM&M Mahindra & Mahindra Limited MBDL Mahindra Bloomdale Developers Limited MHDL Mahindra Happinest Developers LimitedMHPL Mahindra Homes Private LimitedMIPCL Mahindra Industrial Park Chennai LimitedMIPPL Mahindra Industrial Park Private LimitedMITL Mahindra Integrated Township Limited MLDL Mahindra Lifespace Developers Limited MMR Mumbai Metropolitan RegionMRDL Mahindra Residential Developers Limited MSFT Million Square FeetMWC Mahindra World City MWCDL Mahindra World City Developers LimitedMWCJL Mahindra World City (Jaipur) LimitedNCR National Capital Region
RIICO Rajasthan State Industrial Development & Investment Corporation Ltd.
SEZ Special Economic Zone TIDCO Tamil Nadu Industrial Development Corporation Ltd.
41
DisclaimerThis presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, topurchase or sell any securities.This presentation should not be considered as a recommendation that any investor should subscribe for or purchase any securities of MahindraLifespace Developers Limited or its subsidiaries (together, the “Company”) and should not be used as a basis for any investment decision.The information contained in this presentation is only current as of its date and has not been independently verified. No express or impliedrepresentation or warranty is made as to, and no reliance should be placed on, the accuracy, fairness or completeness of the informationpresented or contained in this presentation.
None of the Company or any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss howsoever arising from anyinformation presented or contained in this presentation. Furthermore, no person is authorized to give any information or make anyrepresentation which is not contained in, or is inconsistent with, this presentation. Any such extraneous or inconsistent information orrepresentation, if given or made, should not be relied upon as having been authorized by or on behalf of the Company.
The Company may alter, modify or otherwise change in any manner the contents of this presentation, without obligation to notify any person ofsuch revision orchanges. These materials are confidential, are being given solely for your information and for your use, and may not be copied, reproduced orredistributed to any other person in any manner. The distribution of this presentation in certain jurisdictions may be restricted by law.Accordingly, any persons in possession of this presentation should Inform themselves about and observe any such restrictions.
This presentation contain certain statements of future expectations and other forward-looking statements, including those relating to our generalbusiness plans and strategy, our future financial condition and growth prospects, and future developments in our sector and our competitive andregulatory environment. In addition to statements which are forward looking by reason of context, the words ‘anticipates’, ‘believes’, ‘estimates’,‘may’, ‘expects’, ‘plans’, ‘intends’, ‘predicts’, or ‘continue’ and similar expressions identify forward looking statements. All forward lookingstatements are subject to risks, uncertainties and assumptions that could cause actual results, performances or events to differ materially fromthe results contemplated by the relevant forward looking statement.
The information contained herein does not constitute an offer of securities for sale in the United States or in any other jurisdiction. Securitiesmay not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, asamended.
42
Thank You
Mahindra Lifespace Developers LimitedCIN L45200MH1999PLC118949
5th Floor, Mahindra Towers, Worli, Mumbai - 400 018| Tel: 022 6747 8600/ 6747 8601| Fax: 022 2497 5084
Website: www.mahindralifespaces.com
