Mahindra Lifespace Developers Ltd. — Investor Presentation 2021

May 12, 2021

mahlndra LIFESPACES 2

Date: 12th May, 2021

To,

BSE Limited	National Stock Exchange of India Limited
Corporate Services,	Exchange Plaza,
Piroze Jeejeebhoy Towers,	Sandra Kurla Complex,
Dalal Street, Mumbai - 400 001	Sandra (East), Mumbai 400051
Listing:	Listing: https://neaps.nseindia.com/NEWLISTINGCORP/
http://listing.bseindia.com

Re:

Security	BSE	NSE	ISIN
Equity Shares	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 4th quarter and financial year ended on 31 st March, 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

9 "'" ¼>\ .!._: __ .

Ankit Shah Assistant Company Secretary & Compliance Officer ACS-26552

Mahindra Lifespace Developers Ltd. CIN • L45200MH1999PLC118949 Mahindra Towers, 5th Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018, India Tel.: +91 22 67478600 / 8601

www.mahindralifespaces.com

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. 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. 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 does not undertake to make any announcements in case any of these forward-looking statements become incorrect in future or update any forward-looking statements made from time to time on behalf of the Company. 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 at 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)

1

2 MLDL Residential

3 MLDL IC & IC

4 MLDL Financials

5 MLDL Leadership

1 MLDL Overview

Entry	 Merger  MWC Chennai Launch	MWC Jaipur Launch	 SCM JV  Happinest Launch	 Sumitomo JV  TERI Partnership	 Financial Partnership  Rights Issue  Origins Launch	 Origins Chennai Launch  Origins Ahmedabad development  IFC Partnership	 100+ clients
Mahindra Group forays into the real estate business as Mahindra Realty & Infrastructure Developers Limited (MRIDL)	MRIDL and GESCO merge to form Mahindra Gesco Developers Ltd. Launches its first large format integrated business city - Mahindra World City (MWC), Chennai	Launch of second World City at Jaipur	JV with SCM Real Estate (Singapore) Pvt. Ltd. for residential project development Launch of new business vertical - Happinest focused on low-cost housing	 JV with Sumitomo Corp. for establishing industrial park in North Chennai.  Partnered with TERI to set up Mahindra TERI Centre of Excellence for Sustainable Habitats	 Partnered with IFC & HDFC Capital  Rights Issue of Rs. 300 cr  Launched Industrial Clusters brand – 'ORIGINS'	 Launch of Origins Chennai  Commenced development in Origins Ahmedabad  Partnered with IFC for MWC Jaipur and Origins Ahmedabad	 Achieved milestone of 100+ clients in MWC Jaipur

1st position for Sustainability Performance

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

Zero waste-water discharge at all facilities

MWC Jaipur received C40 Stage 2 Certification

2nd position in Corporate Social Responsibility

1

5

MLDL Overview

2

3 MLDL IC & IC

4 MLDL Financials

MLDL Leadership

2 MLDL Residential

All sales figures correspond to Annual FY21 # Project under Joint Development (JD) & includes JD partner share. * 692 units registered with RERA, of which 440 units have been launched for sale.

Mid-Premium Housing (Lifespaces)

Location	Project Name	(msft) Salesable Area	(msft) Sold Area
	Roots	0 14	0 10
MMR	Vicino	18 0	0 07
	Alcove #	0 15	0 04
	Serenes	06 0	0 00
Pune	Centralis		0 34
Nagpur	Bloomdale		0 42
NCR Luminare #		0 41	0 17
Chennai	Aqualily	16 0	0 00
	Lakewoods	28 0	0 22
	TOTAL	2 27	36 1

Affordable Housing (Happinest)

Location	Project Name	(msft) Salesable Area	(msft) Sold Area
	Palghar Ph1 Happinest	0 29	0 23
MMR	Palghar Ph2 Happinest	18 0	0 09
	Kalyan Happinest	84 0	67 0
Pune	Happinest Tathawade	0 51	26 0
Chennai	Avadi Happinest	18 0	18 0
	TOTAL	2 00	43 1

Note: Above figures are based on saleable area including JD partner's share wherever applicable. # Project under Joint Development (JD)

Subsequent Phases of Existing Projects

Location	Project Name	Estimated Saleable Area (msft)
	Vicino	0 09
MMR	Alcove #	0 24
	Serenes	0 09
	Palghar Happinest 2	18 0
Pune	Happinest Tathawade	68 0
NCR	Luminare #	0 43
	Aqualily	0 07
Chennai	Lakewoods	62 0
	Avadi Happinest	0 02
TOTAL		2.42

Location	Project Name	Estimated Saleable Area (msft)
MMR	(Kalyan) Project New	1 09
Bengaluru	(Kanakpura) Project New	0 79
Chennai	Chennai Residential MWC 21	0 41
TOTAL		2.29

New Projects

Project under Joint Development (JD).

Est. saleable area includes JD partner's share wherever applicable.

* Land Inventory has been reassessed, basis changes in development plan comprising of Plotted development and conversion of land for Industrial end use.

Location	Project Name	Company	Balance sell units to
	Happinest Boisar	MLDL	94
MMR	Palghar Happinest 1	MHDL	34
Bengaluru	Windchimes	MHPL	8
Chennai	Aqualily Apts MRDL		2
TOTAL	138

Happinest Boisar Happinest Palghar I Windchimes Aqualily Apts

Note: All figures correspond to MLDL and associates, including commercial units that are part of residential development where applicable.

Net amount to be collected 233

^ From finished goods and balance inventory. Estimated sales value is based on management

estimates considering current price realisation for respective projects. # Construction costs are based on management estimates.

Net amount to be collected 796

Net amount to be collected 993

* Not include cash flow potential of "Land Bank".

nPulse

• Project Life Cycle Management (Integrated with SFDC & SAP)
• Budget Management
• Schedule Management
• Resource Planning
• Quality

SAP HANA

• ERP
• Financials
• Taxation
• Budget Management
• MM & Procurement

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

IRIS

• Customer Acquisition (Landing Pages, Social Handles, 99acres)

1

MLDL Overview

2 MLDL Residential

3

3 MLDL IC & IC

4 MLDL Financials

Investor Presentation Q4 FY2021 21 * Golden Harvest Warehousing LLP, Gurbani Ventures LLP, Laxmi Ideal Interiors and Advanced Technology Consulting Service Pvt. Ltd.

Corona Warrior CIDC Vishwakarma Awards 2021

Ensuring quicker business resumption amid Covid-19

• 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 during unlock 1 in Chennai and Jaipur.

Prevented labor migration

• 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

Ensuring employee safety & well-being

• Thermal Scanning & Vehicle disinfectant treatment at all entry gates
• Vaccination drive for Employees, Vendors & Workmen
• Awareness & training sessions
• Emergency response teams to provide immediate response

Improved Customer Confidence

• MWC Chennai:
• 1. FY 21 CSS score has moved to 89from 61
• 1. FY 21 CAP score has
• moved to 94 from 30
• MWC Jaipur:
• 1. FY 21 CSS score has moved to 88from 84
• 1. FY 21 CAP score has
• moved to 76 from 72

Testimonials

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

In Q4 FY21 : ORIGINS Chennai leased 15.4 acres to 5 customers.

USUI Susira International Pvt. Ltd., Track Design India Pvt. Ltd., INTJR Precision Technology Pvt. Ltd., Autogrip Machinery India Pvt. Ltd. and Masano Seiki Pvt. Ltd.

* Leasable area is based on management estimates

1 MLDL Overview

2 MLDL IC & IC

3 MLDL Residential

4

5 MLDL Leadership

4 MLDL Financials

(Rs Cr) Consolidated Results MLDL
(As AS) IND per	Q4 FY21	Q3 FY21	Q4 FY20
from Operations Income	56 0	65 2	101 4
Other Income	2 1	0 5	9 4
Total Income	58 1	70 2	110 8
(Loss) (Loss) Profit/ Before Profit / of Share & in Associates Tax Net	38 5 -	18 3 -	179 8 -
(Loss) Share Profit / of in Associates Net	4 9	10 6	49 6 -
Profit Before Tax	33 6 -	7 7 -	229 5 -
(Loss) Profit/ for the period Net	27 8 -	9 7 -	224 7 -
(Loss) Profit/ after Controlling Net Non Interest -	27 2 -	11 2 -	223 9 -

(Rs Cr) Consolidated Results MLDL
(As AS) IND per	FY21	FY20	FY 19
Total Income	187 8	645 9	653 9
EBIDTA**	59 8 -	46 3 -	159 5
(Loss) Profit/ after Controlling Net Non Interest -	71 7 -	193 4 -	119 7
Debt Equity Ratio Net to	0 07	0 06	0 03 -
of Debt Cost	1% 7	8 7%	9 1%
(excluding Interest) Worth Controlling Net Non -	1631 1	1701 3	1929 5

** EBITDA includes Other Income and Share of Profits from JV and Associates

1 MLDL Overview

2 MLDL IC & IC

3 MLDL Residential

4 MLDL Financials

5 MLDL Leadership

Above is as on the day of Board Meeting : 12th May 2021

Mr Arvind Subramanian (MD & CEO)

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

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

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., Mahindra North American Technical Centre Inc. USA and Mahindra Vehicle sales and Service Inc. USA

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.

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.

Mr Bharat Shah (Non-Executive, Independent Director)

• B.Sc. from Mumbai University & H.N.D. in Applied Chemistry
• Chairman of HDFC Securities Limited, 3M India Limited and Exide Industries Ltd.
• Executive Director and founding member of HDFC Bank Ltd.; currently advisor to HDFC Bank Ltd. since 2013.

Above is as on the day of Board Meeting : 12th May 2021

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

MIPCL Mahindra Industrial Park Chennai Limited MIPPL Mahindra Industrial Park Private Limited MITL Mahindra Integrated Township Limited

				Classification of projects is as under:
a. granted	Completed: projects where construction has been completed and occupancy certificates have been by the relevant authorities	b. Ongoing: projects title or development other interest in either directly or Company/subsidiaries Company/joint Company/consolidated partnership Company; (ii) if for the project converted for (iii) the requisite commencement have been obtained	where (i) all rights, or the land is held indirectly by the of the ventures of the firms of the required, all land has been the intended use; approvals for of construction	c. Forthcoming: which (i) or other either Company/joint firms of applications conversion intended management place; and identified	projects all title or interest in the directly or Company/subsidiaries ventures Company/consolidated the Company; have been of use for use; (iii) development (iv) architects	in respect of development rights land is held indirectly by the of the of the partnership (ii) if required, made for the land for the preliminary plans are in have been	d. Land of the the the partnership hold interest, is no planned the date	inventory: land in which any Company/subsidiaries of Company/joint ventures of Company/consolidated firms of the Company but on which there development as of hereof
CDP	Climate Disclosure Project			MLDL		Mahindra Lifespace Developers Limited
DTA	Domestic Tariff Area			MMR		Mumbai Metropolitan Region
GRESB	Global Real Estate Sustainability Benchmark			MRDL		Mahindra Residential Developers Limited
GRI	Global Report Initiative			MSFT	Million Square Feet
IC & IC	Integrated Cities & Industrial Clusters			MWC	Mahindra World City
IFC	International Finance Corporation			MWCDL		Mahindra World City Developers Limited
IND AS	Indian Accounting Standards			MWCJL		Mahindra World City (Jaipur) Limited
M&M	Mahindra & Mahindra Limited			NCR	National Capital Region
MBDL	Mahindra Bloomdale Developers Limited			RIICO			Rajasthan State Industrial Development & Investment Corporation Ltd.
MHDL	Mahindra Happinest Developers Limited			SBTi		Science Based Target Initiative
MHPL	Mahindra Homes Private Limited			SEZ	Special Economic Zone

TCFD Task Force on Climate related Financial Disclosure TIDCO Tamil Nadu Industrial Development Corporation Ltd.

MLDL Mahindra Lifespace Developers Limited