Mahindra Lifespace Developers Ltd. — Investor Presentation 2021

Oct 26, 2021

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Date: 26[th] October, 2021

To,

BSE Limited Corporate Services, Piroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Listing: http://listing.bseindia.com	BSE Limited Corporate Services, Piroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001 Listing: http://listing.bseindia.com	National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Listing:https://neaps.nseindia.com/NEWLISTINGCORP/	National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Listing:https://neaps.nseindia.com/NEWLISTINGCORP/	National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Listing:https://neaps.nseindia.com/NEWLISTINGCORP/	National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Listing:https://neaps.nseindia.com/NEWLISTINGCORP/
Re:
Security		BSE		NSE	ISIN
EquityShares	532313			MAHLIFE	INE813A01018

Sub: Intimation under Regulation 30(2) of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR”).

Dear Sir / Madam,

Pursuant to Regulation 30(2) of the SEBI LODR, enclosed is the presentation on the Company’s financial & operational results for the 2[nd] quarter and half year ended on 30[th] September, 2021.

Kindly take the same on your record and display the same on the website of the Stock Exchange.

Yours faithfully, For Mahindra Lifespace Developers Limited

Ankit Shah

Assistant Company Secretary & Compliance Officer ACS-26552

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Encl.: a/a

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1

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 is made as to, 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)

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1 MLDL Overview

1

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5
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2 MLDL Residential

3 MLDL IC & IC

4 MLDL Financials

MLDL Leadership

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4

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Investor Presentation Q2 FY2022

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Entry  Merger MWC Jaipur  SCM JV  Sumitomo JV  Financial  Origins Chennai  100[th] 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. IFC & HDFC Capital Chennai milestone of 100[th] 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

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Investor Presentation Q2 FY2022

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Investor Presentation Q2 FY2022

6

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1st position for Sustainability Performance

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MWC Chennai is India’s first certified zero waste to landfill city

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Zero waste-water MWC Jaipur received C40 discharge at all facilities Stage 2 Certification

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2nd position in Corporate Social Responsibility

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Investor Presentation Q2 FY2022

7

As on 30[th] September 2021

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Shareholding Pattern (%)
Market Capitalization INR 4,258 cr
21.34%
Shares Outstanding 15.42 cr
51.45%
15.61%
Free Float 2,068 cr
11.60%
Symbol (BSE) / (NSE) 532313 / MAHLIFE
Promoters FII MF Others
5000 BSE REALTY MAHLIFE 350 Key Institutional Investors
4000 300 ICICI Prudential Asset Management Company Limited
250 First State Investments
3000
200
Kotak Mutual Fund
2000 150 L&T Mutual Fund
100
1000 Goldman Sachs
50
Nippon India Fund
0 0
30-Sep-19 30-Sep-20 30-Sep-21 Dimensional Fund Advisors
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Investor Presentation Q2 FY2022

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Stakeholders Preferences

• Buyers' inclination towards renowned developers & ready or near-ready inventory

• Landowners choose to deal with organised developers with strong balance sheet

• Lenders prefer funding reputed & well governed developers

Enhanced Affordability

• Multi-decadal low interest rates

• Rise in income level

• Increase in household savings

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• Strong Brand & Parentage

• Access to Capital at Low Cost

• Differentiated Products &

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• Customer Experience

• Consistent Positive Cashflows

• Good Corporate Governance

• & Transparency

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• Sustainable Development

Regulatory Reforms

• RERA – Transforming the RE landscape o Shift of purchasing power to buyers

• o Builder’s accountable for timely delivery & quality

• Financial discipline & transparency

• Demonitisation: Demand significantly dominated by end consumer

• GST: Operational transparency

Government Initiatives

• Stamp duty cuts in select geographies

• Pradhan Mantri Awas Yojna Scheme

• Affordable Rental Housing Scheme

• Performance Linked Incentive Schemes

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Investor Presentation Q2 FY2022

9

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Rs. cr by 2025

Rs. cr by 2025

Rs. cr Rs. cr msft Exploring allied opportunities in Target Markets Development Land acquisitions potential per every year, worth Land acquisitions across all existing Sales Activation project sales potential of in well-developed locations with Launch of new lease premises Rs. 2000 cr micro markets enhanced deal size parks

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Investor Presentation Q2 FY2022

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Sales Volume Launches (RERA Carpet Area: 0.24 msft) Sales Value

Completions

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Collections

Handovers

Sales Volume Launches (RERA Carpet Area: 0.35 msft)

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Completions Handovers

Sales Value

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Collections

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Investor Presentation Q2 FY2022

^ Evernest Shelter Private Limited and Manor & Mews Private Limited

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CONSOLIDATED RESULTS	Q2 FY22	Q1 FY22 (Rs. cr,	Q2 FY21 unless specified)
Income from Operations	59.2	148.2	30.8
Other Income	6.5	6.0	6.6
Total Income	65.7	154.2	37.4
Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates	12.2	(20.9)	(15.4)
Share in Net Profit / (Loss) of Associates	11.7	1.4	3.7
Profit Before Tax	23.9	(19.5)	(11.7)
Net Profit / (Loss) for the period	13.2	(14.0)	(13.5)
Net Profit / (Loss) after Non-Controlling Interest	6.5	(13.9)	(13.3)
CONSOLIDATED RESULTS	H1 FY22	H1 FY21	FY21
Total Income	219.9	59.5	187.8
EBIDTA*	14.0	(26.9)	(59.8)
Net Profit / (Loss) after Non-Controlling Interest	(7.4)	(33.3)	(71.7)
Net Worth (excluding Non-Controlling Interest)	1,624.5	1,668.0	1,631.1
Net Debt to Equity Ratio	0.01	0.10	0.07
Cost of Debt	6.7%	7.4%	7.1%

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Investor Presentation Q2 FY2022

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MLDL Overview 2

1

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3 MLDL IC & IC

4 MLDL Financials

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5
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MLDL Leadership
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2 MLDL Residential
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Roots, Lakewoods, Bloomdale, Happinest Happinest Happinest Luminare,
Mumbai Chennai Nagpur Kalyan Avadi Palghar Ph 1 NCR
(Under (Under (Actual (Under (Actual (Actual (Actual
Construction) Construction) Image) Construction) Image) Image) Image)
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Investor Presentation Q2 FY2022

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M&M
51%
MLDL
100% 72% 51% 74% 89%
MBDL MHPL MHDL MITL 26% MWCDL
- Bloomdale - Luminare - Happinest Palghar - Lakewoods - MWC Chennai
- Happinest Kalyan
28% 100%
49%
MRDL
Actis HDFC Capital
- Aqualily
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Investor Presentation Q2 FY2022

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Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Constrcution Outflow (Rs. cr)

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1.69
963
930
1.31
1.16
1023 758
1.07
660
0.9 603
670 695
611
536
336 328 331
288
241
FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
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Launches (msft) Completions (msft)
1.84
1.55
1.17
0.97 0.94 1.07
0.93
0.68
0.58
0.39
FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21
Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable.
Investor Presentation Q2 FY2022 16
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Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Constrcution Outflow (Rs. cr)
0.52
297
0.39 255
346
0.31 303
204
171
0.18
0.16 195 134
110
145
115
69 70
45 51
Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22
Launches (msft) Completions (msft)
0.76
0.41
0.32
0.12
0.18 0.2
0.06
0.01
0 0
Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22
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Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable.

Investor Presentation Q2 FY2022

17

Premium Residential

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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
Roots 0.14 0.14 0.00 NA 0.14 0.11 134 78%
Vicino 0.26 0.18 0.00 NA 0.18 0.11 181 71%
MMR
Alcove # 0.39 0.15 0.00 NA 0.15 0.07 91 30%
Serenes 0.16 0.06 0.00 NA 0.06 0.00 2 84%
Pune Centralis 0.34 0.34 0.00 NA 0.34 0.34 213 52%
Nagpur Bloomdale 1.55 1.55 1.00 1.00 0.55 0.47 202 82%
Aqualily 1.58 1.51 1.35 1.35 0.16 0.00 0 37%
Chennai
Lakewoods 0.90 0.28 0.00 NA 0.28 0.24 91 76%
TOTAL 5.32 4.21 2.35 2.35 1.86 1.34 914 66%
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Value Homes

Location	Project Name	Total Development	Launched Development	Completed Development	Area Sold	Ongoing Development	Area Sold	Sales Value (Rs. cr)	Completion %
		A	B	C	of C	D	of D	of D	of D
MMR	Happinest Palghar Ph 1 Happinest Palghar Ph 2 Happinest Kalyan	0.43 0.36 0.84	0.43 0.18 0.84	0.16 0.00 0.00	0.14 NA NA	0.28 0.18 0.84	0.22 0.09 0.70	67 32 379	84% 35% 53%
Pune	Happinest Tathawade	1.19	0.51	0.00	NA	0.51	0.32	184	20%
Chennai	Happinest Avadi	0.73	0.71	0.64	0.64	0.08	0.07	25	74%
Chennai	Happinest MWCC	0.41	0.20	0.00	NA	0.20	0.14	51	8%
TOTAL		3.96	2.87	0.80	0.78	2.09	1.54	738	41%

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Project under Joint Development (JD)

Note: Above figures are based on saleable area (msft), unless specified & includes JD partner’s share wherever applicable.

Investor Presentation Q2 FY2022

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Future Phases of Ongoing Projects
Estimated Saleable
Location Project Name
Area (msft)
Vicino 0.09
Alcove # 0.24
MMR
0.10
New Project (Alibaug)
Happinest Palghar Ph 2 0.18
Pune Happinest Tathawade 0.68
NCR Luminare # 0.43
Aqualily 0.07
Lakewoods 0.62
Chennai
Happinest Avadi 0.02
Happinest MWCC 0.20
TOTAL 2.63
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New Projects
Estimated Saleable
Location Project Name
Area (msft)
MMR New Project (Kalyan) 1.09
Pune New Project (Pune) 0.44
Bengaluru New Project (Kanakpura) 0.79
TOTAL 2.32
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4.95 msft
Total Forthcoming Projects Area
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msft
2.78
Forthcoming in Premium Residential
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2.17 msft
Forthcoming in Value Homes
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Project under Joint Development (JD). Estimated saleable area includes JD partner’s share wherever applicable. Investor Presentation Q2 FY2022

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Location Pro ect Name Com an Balance units to sell
j p y
Nagpur Bloomdale MBDL 2
NCR Luminare II MHPL 22
A ualil A ts MRDL 1
q y p
Chennai
Ha inest Avadi MLDL 1
pp
Ha inest Boisar MLDL 80
pp
MMR
Happinest Palghar 1 MHDL 36
TOTAL 142
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Happinest Boisar

Happinest Palghar I

Luminare

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Note: All figures correspond to MLDL and associates, including commercial units that are part of residential development wherever applicable. Investor Presentation Q2 FY2022

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Estimated Cash Flows (Rs. cr)

Launched Phases / Projects	Value (Rs. cr)		Future Phases (To be launched)	Value (Rs. cr)
Sold Units & Estimated Sales ^ Less: Amount Collected of Sold Units Less: Estimated Construction Cost #	2457 760 855		Estimated Sales ^ Less: Estimated Construction Cost # Net amount to be collected	1859 1049 810
Net amount to be collected	842

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* Does not include cash flow potential of “Land Bank”.

# Construction costs are based on management estimates.

^ Estimated sales value is based on management estimates considering current price realisation for respective phases / projects.

Investor Presentation Q2 FY2022

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nPulse

• Project Life Cycle Management (Integrated with SFDC & SAP)

• • Budget Management

• • Schedule Management

• • Resource Planning

• • Quality

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SAP HANA

• ERP

• • Financials

• • Taxation

• • Budget Management

• • MM & Procurement

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SFDC

• Lead and Customer Management

• • Demands & Collections

• Customer Communication

• Customer Connect & Feedback (MLIFE Mobile App, Menu based Chatbots)

• • Reporting & Dashboards

• HappiEdge (Integrated with SFDC) • Channel Partner Connect

SELL.DO & IRIS

• Customer Acquisition (Lead & Opportunity Management, Landing Pages, Social Handles, 99acres)

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Investor Presentation Q2 FY2022

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1

MLDL Overview

2 MLDL Residential 3

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4 MLDL Financials

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5
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MLDL Leadership

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3 MLDL IC & IC
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Leased Area (Acres) Average Price per Acre (Rs. cr)
2.6
2.5
2.3 2.3
2.1
93.1
74.3
61.6
46.4
39.6
FY17 FY18 FY19 FY20 FY21
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• Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres)

Investor Presentation Q2 FY2022

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M&M
51%
MLDL
100% 74% 89% 100%
KTL MWCJL [] MWCDL 60% MIPCL MIPPL []
- Origins Pune - MWC Jaipur - MWC Chennai - Origins Chennai - Origins Ahmedabad
26% 11% 40%
RIICO TIDCO Sumitomo
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Investor Presentation Q2 FY2022

• IFC is a strategic partner in MWCJL & MIPPL.

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Gross Area: 1524 acres Balance Inventory in MWCDL
Leasable Area: 1145 acres
25
64
1120
237
25
MWC Chennai Origins Chennai Ph 2
Leased Unleased Outside MWC Boundary
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Gross Area: 2913 acres Balance Inventory
Leasable Area: 2011 acres
298
594
1132
879
240
SEZ DTA Resi & Social
Leased Unleased
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Gross Area
Leasable Area
289
Leased Area
209
53
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Acres
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Gross Area
Leasable Area
Leased Area
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340
Leasable Area
Leased Area
255
Acres
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Investor Presentation Q2 FY2022

• Leasable area is based on management estimates and includes commercial & residential area wherever applicable.

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Leased Area (Acres)

Park O&M, Chennai (Rs. cr)

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93.1
24.0
23.3 23.3
74.3
22.8
61.6 18.6
17.7
66.8 16.4
46.2
46.4
44 39.6
15.4
15.1
28.8
23.3
7.5 17.6 24.1 1.2 2.2
FY17 FY18 FY19 FY20 FY21 FY19 FY20 FY21
MWC Chennai MWC Jaipur Origins Chennai Total Income Expenses
Average Price Per Acre (Rs. cr) Park O&M & eVolve, Jaipur (Rs. cr)
3.9
3.5 42.7 44.4
3.3 3.2 40.0
3.1
2.7 2.7
2.1
2.5
2.4
17.2 16.9
2.0 2.0 15.6
1.9
FY17 FY18 FY19 FY20 FY21 FY19 FY20 FY21
MWC Chennai MWC Jaipur Origins Chennai Income Expenses
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• For MWC Chennai, it does not include sales outside MWC boundaries (FY20: 3 acres, FY21: 9.2 acres)

Investor Presentation Q2 FY2022

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customers ( operational)

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customers ( operational)

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customers ( operational)

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Investor Presentation Q2 FY2022

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4 [th] CII National Safety Gold Award:
April 2021
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En ~~s~~ uring quicker

• Sanitized operations and nil / minimum commute for workers

• Access controls at all entry points for the safety of workers

• Proximity to national highways and ports for supply chain continuity

• 97 out of 126

companies

• resumed operations in <60 days during unlock 1 in Chennai and Jaipur.

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Prevented labor
migration
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• Formation of Task Force to monitor labor movement

• Uninterrupted supply of food / essential items at labour camps

• Supply of medical gears such as masks, sanitizers and medicines

• Strict adherence to all Govt directives & SOP’s

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Ensuring employee
safety & well-being
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Improved Customer
Confidence
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• MWC Chennai:

• Thermal Scanning & Vehicle disinfectant treatment at all entry gates

• FY 21 CSS score has moved to 89 from 61

• FY 21 CAP score has

• Vaccination drive for Employees, Vendors & Workmen

moved to 94 from 30

• MWC Jaipur:

• Awareness & training sessions

• FY 21 CSS score has

• moved to 92 from 84

• • Emergency response 2. FY 21 CAP score has teams to provide immediate response moved to 76 from 72

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Testimonials
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Truly we could start quickly and efficiently during Covid lockdown to meet overseas demand. Thanks to Team Mahindra, they ensured Covid-19 precautions are in place before people start coming to the park. All Govt. guidelines were circulated to industry members. Safety & hygiene is the highest priority for everyone at MWCJ. Business continuity and Resilience planning has been the core value demonstrated by MWCJ during Covid-19. Truly it is one if its kind, integrated & sustainable business city. Keep up the good work.

Mr. Abhinav Banthia Director, Manu Yantralaya Pvt. Ltd.

We never felt a niggle while moving to Mahindra SEZ during lockdown. They offered us support that truly was above and beyond their duties. Keeping the facility operational and safe could not have been possible without handholding & consulting support from Mahindra World City.”

Mr. Mukul Gupta Head Operation, Information Security and Quality

The advantages of operating within an integrated ecosystem have never been more apparent. Considering the challenges of reopening our factories at the peak of lockdown, I think we did a pretty good job and having Mahindra World City Jaipur handhold us all the way eased up things so much.

Mr. Shirish Jain Executive Vice President, KnitPro

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Investor Presentation Q2 FY2022

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Land Name	Location	Gross Area (acres)	Development Plan#
Ghodbundar Road, Thane	MMR	68	Planned as Mixed-use Development. Under approvals & master planning.
Murud, Raigad	MMR	1291	Under study & evaluation stage.
Pune	Pune	500 *	Planned to be developed as Origins, Pune. Under land aggregation stage to ensure contiguity.
MWC Chennai (Residential Zone)	Chennai	99	25 acres land proposed to be converted for Industrial use. Balance to be monetized through residential development / plotted & outright leasing
MWC Chennai (Outside Boundary Land)	Chennai	64	Planned as land sale.
Gummidpundi (Origins Chennai Ph 2)	Chennai	225 *	Under land aggregation stage to ensure contiguity.
TOTAL		2247

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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 Q2 FY2022

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1

MLDL Financials 4

MLDL Overview

2 MLDL Residential

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3 MLDL IC & IC

4

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5
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MLDL Leadership
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PROFIT & LOSS STATEMENT	Q2 FY22	Q1 FY22	Q2 FY21	H1 FY22	H1 FY21
Income from Operations Other Income	59.2 6.5	148.2 6.0	30.8 6.6	207.5 12.5	45.1 14.4
Total Revenues	65.7	154.2	37.4	219.9	59.5
Operating Expenses Employee Remuneration & Benefits Finance Costs Depreciation & Amortisation Administration & Other Expenses	5.7 23.3 5.4 1.4 17.7	137.2 22.8 1.2 1.5 12.4	19.2 16.3 2.3 1.8 13.3	142.9 46.1 6.7 2.9 30.1	25.1 36.1 5.9 3.6 21.9
Total Expenditure	53.5	175.1	52.8	228.6	92.6
Profit from Ordinary Activities before Tax & Share in Net Profit / Loss of Associates	12.2	(20.9)	(15.4)	(8.7)	(33.1)
Share in Net Profit/ (Loss)of Associates	11.7	1.4	3.7	13.2	(3.4)
Profit from Ordinary Activities before Tax	23.9	(19.5)	(11.7)	4.5	(36.4)
Less : Provision for Current Taxation Less : Provision for Deferred Taxation	2.2 8.5	1.0 (6.4)	1.2 0.5	3.2 2.1	2.4 (4.9)
Net Profit for the period	13.2	(14.0)	(13.5)	(0.8)	(34.0)
Less: MinorityInterest	6.7	(0.2)	(0.2)	6.5	(0.7)
Net Profit/ (Loss) after Taxes and Minority Interest	6.5	(13.9)	(13.3)	(7.4)	(33.3)

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All figures above are in Rs. cr, unless specified

Investor Presentation Q2 FY2022

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EQUITY & LIABILITIES	H1 FY22	FY21		ASSETS	H1 FY22	FY21
Equity Share Capital Other Equity	154.2 1,470.3	51.4 1,579.7		Property, Plant and Equipment Right of Use Assets Capital Work-In-Progress Investment Property Goodwill and Other Intangible Assets Financial Assets (i) Investments (ii) Trade Receivables (iii) Loans (iv) Other Financial Assets Deferred Tax Assets (Net) Other Non Current Tax Assets	3.9 7.1 17.9 20.3 66.0 544.3 - 0.1 17.6 10.0 68.1	3.8 0.6 14.6 20.5 66.1 558.1 - 0.1 17.2 17.8 65.2
Networth Non-Controlling Interest	1,624.5 48.5	1,631.1 42.0
Financial Liabilities (i) Borrowings (ii) Lease Liabilities (iii) Other Financial Liabilities Provisions Deferred Tax Liabilities (Net) Other Non-Current Liabilities	60.1 4.4 1.8 6.0 4.8 -	75.2 - 1.8 5.2 15.2 -
Non-Current Liabilities	77.2	97.5		Non Current Assets	755.3	763.8
Financial Liabilities (i) Borrowings (ii) Lease Liabilities (iii) Trade Payables (iv) Other Financial Liabilities Other Current Liabitilies Provisions Current Tax Liabilities(Net)	191.1 2.7 136.6 51.0 517.8 11.0 15.2	169.1 0.7 134.9 32.1 455.5 10.3 14.8		Inventories Financial Assets (i) Investments (ii) Trade Receivables (iii) Cash and Cash Equivalents (iv) Bank Balances other than (iii) above (v) Loans (vi) Other Financial Assets Current Tax Assets (Net) Other Current Assets	1,311.8 0.0 79.7 166.8 83.8 38.7 49.7 - 189.8	1,344.7 0.0 56.4 115.0 20.4 71.3 71.3 - 144.9
Current Liabilities	925.4	817.4
Liabilities associated with Assets Held for Sale	-	-		Current Assets	1,920.3	1,824.1
TOTAL	2,675.6	2,587.9		TOTAL	2,675.6	2,587.9

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All figures above are in Rs. cr, unless specified

Investor Presentation Q2 FY2022

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SEGMENT RESULTS	Residential	Residential	IC & IC	IC & IC
	Q2 FY22	H1 FY22	Q2 FY22	H1 FY22
Area Sold (msft) / Land Leased (acres) Sales / Lease Income	0.39 msft 303	0.56 msft 449	27.7 acres 74	34.5 acres 88
Income from Operation Other Income	89 7	266 15	92 0.2	123 0.4
Total Income	96	281	92	124
Cost of Sales Gross Margins (%)	75 16%	240 10%	23 75%	34 72%
Other Operating Expenses	42	75	5	11
EBIDTA	-20	-35	64	79
EBIDTA Margin (%)	-23%	-13%	69%	64%
PAT (after Non-Controlling Interest)	-26	-41	33	34
PAT Margin (%)	-27%	-15%	36%	27%
Net worth$ Net Debt#	1,531 37		856 414
Net Debt to Equity Ratio	0.02		0.48

Note: Above details are provided for better understanding of the performance of Residential & Industrial segments of the Company and are not prepared in accordance with any Accounting Standards. The financial figures are not prepared or reviewed by independent auditor. Due care has been taken in compilation of the same by Management.

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Debt represents funding from Banks / FI’s / Third Parties. Any contribution made by promoters / strategic partners is excluded. All figures above are in Rs. cr, unless specified $ Net-worth in each segment has been adjusted by including the contribution made by strategic partners. Investor Presentation Q2 FY2022

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1

5 MLDL Leadership

MLDL Overview

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2 MLDL Residential

3 MLDL IC & IC

4 MLDL Financials

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5

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Non-Executive Chairman
Arun Nanda
Managing Director & Chief Executive Officer
Arvind Subramanian
Chief Legal Officer Chief Financial Officer Chief People Officer Chief Business Officer - Industrial Chief Marketing Officer
Parveen Mahtani Vimal Agarwal Krity Sharma Viral Oza
Rajaram Pai
Chief of Design Chief Sales & Service Officer Chief Project Officer (Resi + IC&IC) Chief Project Officer (Happinest) Chief Business Development
& Liasioning Officer
Amit Pal
Jitesh Donga Vimalendra Singh Sudharshan KR Ashvin Iyengar
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Above is as on the day of Board Meeting : 26[th] October 2021 Investor Presentation Q2 FY2022

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Mr. Arun Nanda (Chairman)

• Holds degree in Law, FCA & FCS

• Chairman of Mahindra Holidays & Resorts

• Chairman Emeritus of Indo-French Chamber of Commerce and Industry

• Former Chairman of CII Western Region

• Associated with the Group for over 45 years

• Honoured ‘Knight of National Order of Legion of Honour’ by President of French Republic.

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Mr. S Durgashankar (Non-Executive, Non-Independent Director)

• CA, Alumni of Harvard Business School - Advanced Management Program

• President - Group Controller of F&A, M&M Ltd  Chairman of Mahindra Integrated Business Solutions Pvt. Ltd.

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Mr. Arvind Subramanian (MD & CEO)

• B.Tech, from IIT, Madras and MBA from IIM, Ahmedabad

• Joined Mahindra Group as Chief Executive Officer of Mahindra Happinest in 2018

• Frequent speaker at industry events and conferences, has authored several op-eds, articles and reports on ‘Digital India’, the ‘Next Billion Consumers’ and ‘Future of Real Estate’

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Mr. Ameet Hariani (Non-Executive, Independent Director)

• Holds master’s degree in Law from the Mumbai University

• 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.

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Dr. Anish Shah (Non-Executive, Non Independent Director)

• Ph.D. - Carnegie Mellon’s Tepper Business School, Masters degree from Carnegie Mellon and MBA - IIM-Ahmedabad

• Managing Director and CEO, Mahindra & Mahindra Ltd.

• Former President and Chief Executive Officer of GE Capital India

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Ms. Amrita Chowdhury (Non-Executive, Independent Director)

• B.Tech. - IIT Kanpur, MS - UC Berkeley, MBA - Carnegie Mellon - Tepper Business School

• 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. Author of two books.

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Above is as on the day of Board Meeting : 26[th] October 2021

Investor Presentation Q2 FY2022

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Investor Relations Contact

Mr. Sumit Kasat

Sr. General Manager – Finance & Investor Relations Phone : +91-22-67478645 Email: kasat.sumit@mahindra.com

Ms. Ruchika Jain

Manager – Investor Relations & Business Analytics Phone : +91-22-67478693 Email: jain.ruchika@mahindra.com

Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 5[th] Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/ 6747 8601 | Fax: 022 2497 5084

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Classification of projects is as under:

a. Completed: projects where b. Ongoing: projects where (i) all c. Forthcoming: projects in respect of construction has been title or development rights, or which (i) all title or development rights completed and occupancy other interest in the land is held or other interest in the land is held certificates have been either directly or indirectly by the either directly or indirectly by the granted by the relevant Company/subsidiaries of the Company/subsidiaries of the authorities Company/joint ventures of the Company/joint ventures of the Company/consolidated Company/consolidated partnership partnership firms of the firms of the Company; (ii) if required, 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

• d. Land inventory: land in which any of the Company/subsidiaries of the Company/joint ventures of the Company/consolidated partnership firms of the Company hold interest, but on which there is no planned development as of the date hereof

CDP	Climate Disclosure Project
DTA	Domestic Tariff Area
GRESB	Global Real Estate SustainabilityBenchmark
GRI	Global Report Initiative
IC & IC	Integrated Cities & Industrial Clusters
IFC	International Finance Corporation
IND AS	Indian AccountingStandards
M&M	Mahindra & Mahindra Limited
MBDL	Mahindra Bloomdale Developers Limited
MHDL	Mahindra Happinest Developers Limited
MHPL	Mahindra Homes Private Limited
MIPCL	Mahindra Industrial Park Chennai Limited
MIPPL	Mahindra Industrial Park Private Limited
MITL	Mahindra Integrated TownshipLimited

MLDL	Mahindra Lifespace Developers Limited
MMR	Mumbai Metropolitan Region
MRDL	Mahindra Residential Developers Limited
MSFT	Million Square Feet
MWC	Mahindra World City
MWCDL	Mahindra World CityDevelopers Limited
MWCJL	Mahindra World City (Jaipur)Limited
NCR	National Capital Region
RIICO	Rajasthan State Industrial Development & Investment Corporation Ltd.
SBTi	Science Based Target Initiative
SEZ	Special Economic Zone
TCFD	Task Force on Climate related Financial Disclosure
TIDCO	Tamil Nadu Industrial Development Corporation Ltd.
MLDL	Mahindra Lifespace Developers Limited

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