Mahindra Lifespace Developers Ltd. — Investor Presentation 2022

Apr 27, 2022

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April 27, 2022

To,

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/

Re:

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 4[th] quarter and financial year ended on March 31, 2022.

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

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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, 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

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2 MLDL Residential

3 MLDL IC & IC

4 MLDL Financials

5 MLDL Leadership

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1 MLDL Overview
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Investor Presentation Q4 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. 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 Q4 FY2022

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6

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Investor Presentation Q4 FY2022

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1st position for MWC Chennai is India’s first Sustainability Performance certified zero waste to landfill city

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Zero waste-water MWC Jaipur received C40 'Plaque Award’ for Special Recognition in discharge at all facilities Stage 2 Certification Category II - Climate Change ICAI International Sustainability Reporting Awards

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Investor Presentation Q4 FY2022

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As on 31[st] March 2022

		Market Capitalization							INR 6,125 cr	INR 6,125 cr		Shareholding Pattern (%)	Shareholding Pattern (%)	Shareholding Pattern (%)	Shareholding Pattern (%)	Shareholding Pattern (%)
		Shares Outstanding							15.45 cr					20.1%
		Free Float							2,978 cr				18.8%			51.3%
		Symbol (BSE) / (NSE)							532313 / MAHLIFE					9.8%
												Promoters		FII		MF	Others
	700			BSE REALTY			MAHLIFE					Key Institutional			Investors
	600											ICICI Prudential Asset Management Company Limited
	500											Kotak Mutual Fund
	400											First State Investments
	300											L&T Mutual Fund
	200
												Nippon India Fund
	100
												Goldman Sachs
	0
	31-Mar-20			31-Mar-21					31-Mar-22			Kuwait Investment	Authority

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Investor Presentation Q4 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 Q4 FY2022

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Rs. cr by 2025

Rs. cr by 2025

1028 cr 298 cr

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 Q4 FY2022

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During Q4FY22, signed an agreement to acquire a land parcel in Kandivali having development potential of

msft.

Sales Volume (RERA Carpet Area: 0.25 msft) Sales Value Collections

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Launches Completions Handovers

Sales Volume Launches (RERA Carpet Area: 0.80 msft) Sales Value Completions Collections Handovers

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Investor Presentation Q4 FY2022

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(Rs. cr, unless specified)

CONSOLIDATED RESULTS	Q4 FY22	Q3 FY22	Q4 FY21
Income from Operations	161.8	24.3	56.0
Other Income	(6.7)	9.0	2.1
Total Income	155.0	33.3	58.1
Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates	50.6	(32.9)	(38.5)
Share in Net Profit / (Loss) of Associates	27.3	49.8	4.9
Profit Before Tax	78.0	16.9	(33.6)
Net Profit / (Loss) for the period	137.7	24.9	(27.8)
Net Profit / (Loss) after Non-Controlling Interest	136.8	25.0	(27.2)
CONSOLIDATED RESULTS	FY22	FY21	FY20
Total Income	408.2	187.8	645.9
EBIDTA*	15.5	(59.8)	(46.3)
Net Profit / (Loss) after Non-Controlling Interest	154.5	(71.7)	(193.4)
Net Worth (excluding Non-Controlling Interest)	1,788.5	1,631.1	1,701.3
Net Debt to Equity Ratio	0.03	0.07	0.06
Cost of Debt	6.5%	7.1%	8.7%

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Investor Presentation Q4 FY2022

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2 MLDL Residential

1 MLDL Overview

2

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3 MLDL IC & IC

4 MLDL Financials

5 MLDL Leadership

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M&M
51%
MLDL
100% 72.5% 51% 74% 89%
MBDL MHPL MHDL MITL 26%
MWCDL
- Bloomdale - Luminare - Happinest Palghar - Lakewoods
- MWC Chennai
- Happinest Kalyan - Happinest MWCC
27.5% 100%
49%
MRDL
Actis HDFC Capital
- Aqualily
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Investor Presentation Q4 FY2022

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1
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2

3

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Roots, Lakewoods,
Mumbai Chennai
(Under (Under
Construction) Construction)
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Alcove
(Under
Construction)
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Happinest Happinest Luminare,
Vicino
Kalyan Palghar Ph 1 NCR
(Actual
(Under (Actual (Actual
Image)
Construction) Image) Image)
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Investor Presentation Q4 FY2022

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Sales Value (Rs. cr) Sales Volume (msft)

Collections (Rs. cr) Construction Outflow (Rs. cr)

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1.69
1153
1.31 1.28
1.16 963 930
1023
1.07 1028
758
670 695 603
611
362
328 331 288
241
FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
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Launches (msft) Completions (msft)
1.84
1.55
1.27
1.17 1.30
0.97 0.94 1.07
0.68
0.39
FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22
Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable.
Investor Presentation Q4 FY2022 16
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Sales Value (Rs. cr) Sales Volume (msft) Collections (Rs. cr) Construction Outflow (Rs. cr)
0.52 469
0.39 0.40
346
303 0.32 328 308
251 255
0.18 204
171
145 137
110 104
70
51
Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22
Launches (msft) Completions (msft)
0.56
0.96
0.41
0.76
0.23
0.12
0.20
0.06
0.10
0
Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22
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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 Q4 FY2022

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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 0.14 175 82%
MMR Vicino 0.26 0.26 0.00 NA 0.26 0.19 334 76%
Alcove # 0.39 0.39 0.00 NA 0.39 0.11 149 39%
Pune Centralis 0.34 0.34 0.16 0.16 0.18 0.18 113 53%
NCR Luminare # 1.20 0.77 0.77 0.77 - - - -
Nagpur Bloomdale 1.55 1.55 1.04 1.04 0.52 0.47 232 60%
Chennai Lakewoods 0.90 0.28 0.28 0.28 - - - -
TOTAL 4.78 3.73 2.25 2.25 1.49 1.09 1003 62%
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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 2 Happinest Kalyan 1 Happinest Kalyan 2	0.36 0.84 1.09	0.18 0.84 0.71	0.00 0.00 0.00	NA NA NA	0.18 0.84 0.71	0.11 0.73 0.11	41 399 56	78% 66% 3%
Pune	Happinest Tathawade	1.19	0.51	0.00	NA	0.51	0.41	237	24%
Chennai	Happinest Avadi	0.74	0.74	0.64	0.64	0.10	0.10	34	85%
	Happinest MWCC	0.41	0.21	0.00	NA	0.21	0.21	78	15%
	TOTAL	4.63	3.19	0.64	0.64	2.55	1.67	844	39%

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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 Q4 FY2022

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Future Phases of Ongoing Projects

New Projects

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Estimated Saleable
Location Project Name
Area (msft)
Meridian (Alibaug) 0.13
MMR Happinest Palghar Ph 2 0.18
Happinest Kalyan 2 Ph 2 0.38
Pune Happinest Tathawade 0.68
NCR Luminare # 0.43
Aqualily 0.23
Chennai Lakewoods 0.62
Happinest MWCC 0.20
TOTAL 2.85
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Estimated Saleable
Location Project Name
Area (msft)
New Project (Dahisar) # 0.86
MMR
New Project (Kandivali) 1.70
Pune New Project (Pune) 0.52
Bengaluru New Project (Kanakpura) 0.79
TOTAL 3.87
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msft
6.72
Total Forthcoming Projects Area
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msft
5.28
Forthcoming in Premium Residential
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1.44 msft
Forthcoming in Value Homes
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Project under Joint Development (JD) Estimated saleable area includes JD partner’s share wherever applicable. Serenes projects has been relaunched and branded as Meridian Investor Presentation Q4 FY2022 19*

Location	Project Name	Company	Balance units to sell
NCR	Luminare	MHPL	1
Chennai	Aqualily	MRDL	2
MMR	Happinest Boisar	MLDL	70
	Meridian(Alibaug)	MLDL	9
	Lakewoods	MITL	8
	Happinest Palghar 1	MHDL	98
	TOTAL		188

Happinest Boisar

Meridian (Alibaug)

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 Q4 FY2022

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Estimated Cash Flows (Rs. cr)

Launched Phases / Projects	Value (Rs. cr)		Future Phases (To be launched)	Value (Rs. cr)	New Projects (To be launched)	Value (Rs. cr)
Sold Units & Estimated Sales ^ Less: Amount Collected of Sold Units Less: Estimated Construction Cost #	2773 905 1044		Estimated Sales ^ Less: Estimated Construction Cost #	1793 1026
					Estimated Sales ^ Less: Estimated Construction Cost #	4087 2498
			Net amount to be collected	767
					Net amount to be collected	1589
Net amount to be collected	824

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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 Q4 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 Media Handles, Property Portals)

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Investor Presentation Q4 FY2022

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1 MLDL Overview

3 MLDL IC & IC

2 MLDL Residential 3

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4 MLDL Financials 5 MLDL Leadership

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Leased Area (Acres) Average Price per Acre (Rs. cr)
2.7
2.6
2.5
110.6
2.3 93.1
2.3
61.6
46.4
39.6
FY18 FY19 FY20 FY21 FY22
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• Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres, FY22: nil)

Investor Presentation Q4 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 Q4 FY2022

• IFC is a strategic partner in MWCJL & MIPPL.

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Leasable Area: 1145 acres Balance Inventory in MWCDL
1120 60 25
237
25
MWC Chennai Origins Chennai Ph 2
Leased Unleased Outside MWC Boundary
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Balance Inventory
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Leasable Area: 2011 acres

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222
1053 590
958
242
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 Saleable Area* Leased Area

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340
Saleable Area
Leased Area
255
Acres
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Investor Presentation Q4 FY2022

• Leasable / Saleable 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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110.6
93.1 23.3 23.3 23.9
61.6 22.8 95 17.7 16.4 17.0
46.2 46.4
39.6
44
15.4
15.1
28.8
23.3
17.6 24.1 1.2 2.2 15.6
FY18 FY19 FY20 FY21 FY22 FY20 FY21 FY22
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 44.4
3.2 3.1 40.0 39.9
3
2.7 2.7
2.1
2.6
2.5 2.4
16.9 17.2
2.0 15.6
1.9
FY18 FY19 FY20 FY21 FY22 FY20 FY21 FY22
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 Q4 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 Q4 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.
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	100	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	60	Planned as land sale.
Gummidpundi (Origins Chennai Ph 2)	Chennai	225 *	Under land aggregation stage to ensure contiguity.
TOTAL		2244

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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 Q4 FY2022

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1 MLDL Overview

MLDL Financials 4

2 MLDL Residential

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3 MLDL IC & IC

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5 MLDL Leadership

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	PROFIT & LOSS STATEMENT	Q4 FY22	Q3 FY22	Q4 FY21	FY22	FY21
	Income from Operations Other Income	161.8 (6.7)	24.3 9.0	56.0 2.1	393.6 14.7	166.3 21.6
	Total Revenues	155.0	33.3	58.1	408.2	187.8
	Operating Expenses Employee Remuneration & Benefits Finance Costs Depreciation & Amortisation Administration & Other Expenses	139.4 17.6 1.5 2.3 40.5	17.4 20.0 1.7 1.4 25.8	44.4 20.1 1.9 1.7 28.6	303.1 83.6 6.5 6.5 96.3	117.3 75.7 11.0 7.0 66.8
	Total Expenditure	201.2	66.2	96.6	496.1	277.7
	Exceptional Items	96.8	-	-	96.8	-
	Profit from Ordinary Activities before Tax & Share in Net Profit / Loss of Associates	50.6	(32.9)	(38.5)	9.0	(89.9)
	Share in Net Profit/ (Loss)of Associates	27.3	49.8	4.9	90.3	12.1
	Profit from Ordinary Activities before Tax	78.0	16.9	(33.6)	99.3	(77.8)
	Less : Provision for Current Taxation Less : Provision for Deferred Taxation	5.5 (65.2)	0.6 (8.6)	1.0 (6.8)	9.3 (71.8)	4.4 (10.8)
	Net Profit for the period	137.7	24.9	(27.8)	161.7	(71.5)
	Less: MinorityInterest	0.8	(0.2)	(0.6)	7.2	0.3
	Net Profit/ (Loss) after Taxes and Minority Interest	136.8	25.0	(27.2)	154.5	(71.7)

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All figures above are in Rs. cr, unless specified

Investor Presentation Q4 FY2022

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EQUITY & LIABILITIES	FY22	FY21		ASSETS	FY22	FY21
Equity Share Capital Other Equity	154.5 1,634.0	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	11.8 5.6 3.4 20.0 66.1 622.3 - 4.4 15.4 78.9 73.0	3.8 0.6 14.6 20.5 66.1 558.1 - 0.1 17.2 17.8 65.2
Networth Non-Controlling Interest	1,788.5 49.1	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 3.0 1.8 4.3 - -	75.2 - 1.8 5.2 15.2 -
Non-Current Liabilities	69.2	97.5		Non Current Assets	900.9	763.8
Financial Liabilities (i) Borrowings (ii) Lease Liabilities (iii) Trade Payables (iv) Other Financial Liabilities Other Current Liabitilies Provisions Current Tax Liabilities(Net)	220.4 2.8 173.3 36.2 670.4 12.3 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	1,441.9 0.0 91.9 198.4 27.1 77.0 51.0 - 249.3	1,344.7 0.0 56.4 115.0 20.4 71.3 71.3 - 144.9
Current Liabilities	1,130.6	817.4
Liabilities associated with Assets Held for Sale	-	-		Current Assets	2,136.6	1,824.1
TOTAL	3,037.4	2,587.9		TOTAL	3,037.4	2,587.9

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All figures above are in Rs. cr, unless specified

Investor Presentation Q4 FY2022

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SEGMENT RESULTS	Residential	Residential	IC & IC	IC & IC
	Q4 FY22	FY22	Q4 FY22	FY22
Area Sold (msft) / Land Leased (acres) Sales / Lease Income	0.4 msft 328	1.28 msft 1028	25 acres 70	110.6 acres 297
Income from Operation Other Income	205 8	657 32	88 16	367 17
Total Income	212	689	105	385
Cost of Sales Gross Margins (%)	182 11%	603 8%	33 62%	112 70%
Other Operating Expenses	53	174	12	29
EBIDTA	-31	-120	44	226
EBIDTA Margin (%) Exception Item - Gain/ (Loss)	-15% 97	-18% 97	49%	62%
PAT (after Non-Controlling Interest) PAT Margin (%)	113 53%	46 7%	24 23%	109 28%
Net worth$ Net Debt#	1,443 -145		891 314
Net Debt to Equity Ratio	-0.10		0.35

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 Q4 FY2022

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1 MLDL Overview

5 MLDL Leadership

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2 MLDL Residential

3 MLDL IC & IC

4 MLDL Financials

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5

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----- Start of picture text -----

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 Business Development
Chief of Design Chief Sales & Service Officer Chief Project Officer
& Liasioning Officer
Jitesh Donga Vimalendra Singh Sudharshan KR Ashvin Iyengar
Above is as on the day of Board Meeting : 27 [th] April 2022
Investor Presentation Q4 FY2022 35
----- End of picture text -----

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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 : 27[th] April 2022

Investor Presentation Q4 FY2022

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Investor Relations Contact

Mr. Sumit Kasat Sr. General Manager – Finance & Investor Relations Email: kasat.sumit@mahindra.com

Ms. Rabindra Basu Senior Manager – Investor Relations Email: basu.rabindra@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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