Artist’s impression of ‘HAPPINEST PALGHAR’ Investor Presentation – Q3 FY19 1
Contents ▪ Q3 FY19 Highlights ▪ Residential Business Update ▪ Integrated Cities & Industrial Clusters Update ▪ Financial Update 2
Q3 FY19 Highlights The operating highlights from Slide 4 to Slide 25 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) 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 or constitute 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 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. 3
Business Highlights – Q3 FY19 o Achieved Q3 sales of 0.35 msft valued at Rs. 215 Crs, leading to 9M FY19 sales of 1.04 msft, valued at Rs. 616 Crs. o Attained Q3 collection of Rs. 195 Crs, leading to 9M FY19 collection of Rs. 662 Crs. Residential * o Completed Phase IIIA of Antheia, Pune having 0.16 msft of saleable area. o Executed an agreement to purchase ~8 acres land in Bengaluru, having a development potential of ~0.74 msft targeting the mid-premium segment. o Origins, Chennai signed its first customer, Yanmar Group, a leading manufacturer Integrated Cities & of Diesel engines, leasing 22.8 acres. Industrial Clusters o Mahindra World City, Jaipur leased 16.2 acres to 3 customers for Rs. 34.0 Crs. MLDL listed among the ‘Top 100 Best Companies for Women’ in India by Working o Awards & Mother & AVTAR. Recognitions * All figures correspond to residential units and include commercial units that are part of residential developments. 4
Financial Highlights – Q3 FY19 All figures in Rs. Crs For MLDL Consolidated Q3 2019 9M 2019 (As per IND AS) 137 407 Total Income 25 121 EBIDTA 21 88 PAT Net Debt 3.6 Net Worth 1974 5
Residential Business Update 6
Sales – Quarterly Trend 538 0.40 0.35 0.36 0.29 0.25 350 345 316 256 215 217 163 156 144 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Sales Value (Rs. Crs) Units Sold Saleable Area (msft) Launches Roots Palghar 1 (Ph IV) Lakewoods I Boisar IV Palghar 1 (Ph I & II) Palghar 1 (Ph III) Avadi V Bloomdale IVD Bloomdale IVB Antheia IIIC & IIID Avadi IV Comp~ letions Boisar III Antheia IIC Windchimes I Antheia IIIA Antheia IIB & IID Bloomdale IIA Note: All figures above correspond to residential units, excluding commercial units that are part of residential developments. Commercial units sales for Q2 & Q3 FY19 was Nil and for Q1 FY19 stood at 5 units of 0.001 msft saleable area, worth Rs. 0.95 Crs. Commercial units sales for FY18 stood at 147 units of 0.05 msft saleable area, worth Rs. 43 Crs. # Project under Joint Development (JD). 7
Sales - City and Price Segment wise Q3 FY19 City-wise Sales (Value) Q3 FY19 City-wise Sales (Volume) 14% MMR MMR 19% 22% 26% Pune Pune 12% Nagpur Nagpur 7% NCR NCR 1% 1% Hyderabad Hyderabad 8% 13% Chennai Chennai 31% 29% 10% Bengaluru Bengaluru 7% Q3 FY19 Price Segment-wise Sales (Volume) Q3 FY19 Price Segment-wise Sales (Value) INR in Lacs INR in Lacs 8% 12% 14% 24% upto 25 upto 25 7% 25 to 50 25 to 50 23% 50 to 75 50 to 75 16% 75 to 100 75 to 100 11% 33% 100 to 200 100 to 200 200 and above 200 and above 17% 17% 19% Note: Total sales volume considered is 0.35 msft saleable area and total sales value considered is Rs. 215 Crs. 8
Operating Metrics Construction Spend (Rs. Crs) Customer Collections (Rs. Crs) 117 249 218 92 199 195 83 82 142 64 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 No. of Units Handed over to Clients Area Completed (msft) 399 0.44 364 318 0.33 229 0.25 175 0.16 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 Q3 FY18 Q4 FY18 Q1 FY19 Q2 FY19 Q3 FY19 9
Project Portfolio Saleable Area 2 (msft) Location Ongoing Forthcoming Land Inventory 0.94 1 MMR** 0.85 2.17 Pune 0.41 0.33 - Nagpur 0.83 0.20 - NCR* 0.77 0.37 - Bengaluru 0.43 0.74 - Chennai 0.85 1.19 9.50 Total 4.14 5.01 10.44 Total Completed Development – 15.39*** msft * NCR includes Delhi, Gurgaon and Faridabad; ** MMR includes Mumbai, Boisar, Palghar, Thane, Kalyan and Alibaug; *** Does not include select projects that were completed by GESCO. Note1: Estimated saleable area of 0.59 msft at Thane has an impediment. The matter has been taken up with concerned authorities for removal of the impediment. Note 2: Based on saleable area including JD partner’s share wherever applicable. 10
Summary of Ongoing and Forthcoming Projects All figures in msft Total Launched Completed Ongoing Balance (To Company / Region Project Name Development Development Development Development be launched) SPV A B C D E = (A-C-D) MMR Serenes MLDL 0.16 0.06 - 0.06 0.09 Vivante MLDL 0.16 0.16 - 0.16 - Roots MLDL 0.14 0.14 - 0.14 - Andheri MLDL 0.26 - - - 0.26 Sakinaka # MLDL 0.34 - - - 0.34 Happinest Boisar MLDL 0.49 0.49 0.42 0.07 - Happinest Palghar 1 MHDL 0.41 0.41 - 0.41 - Happinest Palghar 2 MHDL 0.64 - - - 0.64 Happinest Kalyan MHDL 0.84 - - - 0.84 Pune Antheia MLDL 1.63 1.63 1.22 0.41 - Pimpri Residential MLDL 0.33 - - - 0.33 Nagpur Bloomdale MBDL 1.55 1.35 0.52 0.83 0.20 NCR Luminare # MHPL 1.14 0.77 - 0.77 0.37 Bengaluru Windchimes MHPL 0.87 0.87 0.44 0.43 - New Project MLDL 0.74 - - - 0.74 Chennai Aqualily MRDL 1.58 1.51 1.23 0.28 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 0.64 0.34 0.30 0.10 TOTAL 13.32 8.32 4.18 4.14 5.01 Note: Above figures are based on saleable area including JD partner’s share wherever applicable. # Project under Joint Development (JD). 11
Development mix of Ongoing Projects Indicative Area Range Region Project Name Location Segment Development Mix Prices Saleable (sqft) (Rs. Crs) MMR Serenes Alibaug Luxury 3, 4 BHK Villas 3000 - 3400 3 - 3.5 Vivante Mumbai Mid-Premium 1, 2, 2.5 & 3 BHK 740 - 2041 1.5 - 4 Roots Mumbai Mid-Premium 1 & 2 BHK 740 - 1239 1 - 1.5 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 Pune Antheia Pune Mid-Premium 1, 2, 2.5, 3 BHK 724 - 1789 0.5 - 1.5 1, 2, 2.5, 3 BHK, Row Nagpur Bloomdale Nagpur Mid-Premium 739 - 2440 0.3 - 1 Houses & Duplex Homes NCR Luminare Gurgaon Luxury 3 & 4 BHK 2985 - 6007 3.5 - 4.5 Bengaluru Windchimes Bengaluru Mid-Premium 3, 3.5 & 4 BHK 1776 - 3012 1.5 - 2.5 Chennai 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 Note: Above information is indicative and provides generic information about the project. 12
Recommend
More recommend
