Mahindra Gesco Developers Limited Business Update August 2006

Transcription

Mahindra Lifespace Developers Limited
Sep’08
India’s Most Transparent
Real Estate Company
Promoter of India’s First
Integrated Business City
Corporate India’s First
Operational SEZ
Promoter of the Two
Largest IT SEZs in India
Focus on integrated development and standalone RE projects creates sustainable value
generators over a long period
The Business Model
-
Integrated Development
-
-
-
Standalone RE Development
-
Destination building
SEZ, Industrial parks, logistics
zones, etc
Multi-format development
(land, BTS, MTB, etc)
Focus on Tier I / II cities
Residential and Commercial
Derive Brand Premium
Integrated Developments yield MLDL exclusive land banks for commercial RE offerings
for long-term development horizon
Growth Through Integrated Developments
SPV with State Governments
¾
Quick and Cost Effective Land
Acquisition
¾
Located on Growth Corridors with
strong, pre-established / committed
connectivity
¾
¾
An offering that caters to export
oriented and domestic Industry
Integrated Business Cities
MWC
Proposition
y&
vit l
cti ocia
du
ro of S e
r
eP e
ye enc ctu
plo eni stru
Em onv nfra
I
C
¾
Fis
Op cal
era Ben
tin efi
g e ts
nv & H
iro
a
nm ssle
en -fr
ee
t
The Core Tenets of Mahindra World Cities
World Class Plug- n-Play
Infrastructure
Mahindra World City, New Chennai – An Overview

Spread over ~ 1500 acres

Promoted in Partnership with TIDCO (Govt of TN Undertaking)

Located on Golden Quadrilateral (NH-45); 60 minutes from Chennai City

3 sector Specific SEZs; DTA; Residential / Social Zones

Award winning master plan for Residential / Social Infrastructure by
HOK International
SEZs
DTA
A Success Story with 42 Blue Chip Customers
Rising Occupancy, Rising Employment Levels Create Captive
Residential Demand
Customer
Infosys
Wipro
Cap Gemini
Mastek
Renault Nissan
Mindtree
Timken
Lincoln Electric
BMW
Braun
Total for Top 10
Current Employee
Population
6500
1000*
1500*
1500*
1000
450
150
150*
120
50
12270
% of Total Build-out
completed / under
progress
40%
30%
40%
40%
40%
100%
100%
85%
100%
100%
Projected Employee
Base in 2010
20000
10000
5000
3000
3000
2500
300
300
250
200
44550
Projected employee base of more than 100,000 by 2014 based on user company plans
Source: As per stated user company plans
* To commence operations by Q4 2008
Unlocking of Value of Land has Started
• 325 acres of residential / social
infrastructure development
Ayala JV
• 30 acres developed – Sylvan
County, Canopy & Shell and
Mahindra World School
• 3 acres under development for
Business Hotel
• 14.5 mn sft of residential
development to be undertaken
• 1.6 mn sft development
announced with an affiliate of
Ayala Land in a 51:49 JV –
Project to commence in Q1 2009
• 2nd Residential project –
1.5 mn sft to be launched in
FY 2009 / 10
• 50 acres of commercial land for
retail, recreation, hospital
Commercial
Residential / Social Infrastructure
CHENNAI AV
Mahindra World City, Jaipur - An Overview

3000 acres Integrated Business City

Early Mover
{ Smooth and Hassle-free acquisition of 2600 acres completed
{ Construction of below ground infrastructure and IT park – eVOLVE underway

100,000 stf of eVOLVE completed and operational; 100,000 sft under construction

418 acres and 0.2 mn sft of eVOLVE already committed
{ Customers include Deutsche Bank, Infosys, ICICI, Marsons, QH Talbros,
Wipro,
Tech Mahindra and Nucleus among others

SEZ commences operations within 2 years of signing Shareholders Agreement
with Government
{ Infosys& Deutsche Bank first companies to commence operations

40 mn sft of FSI available for residential space
Mahindra World City Jaipur – An Early Mover
QH Talbros
(6 acres)
Technology Park
‘evolve’
1.6 mn sft
Wipro
(100 acres)
Infosys
(200 acres)
Tech Mahindra
(15 acres)
Nucleus Software
(17.5 acres)
Technology Park
‘evolve’
1.6 mn sft
QH Talbros
(6 acres)
Wipro
(100 acres)
IT
Infosys
(200 acres)
Non Processing
Tech Mahindra
Area
(15 acres)
Industrial
Nucleus Software
(17.5 acres)
Residential: 489 acres
Commercial : 159 acres
Industrial land : 1296 acres
YEAR
07-08
08-09
09-10
10-11
11-12
With a Rapidly Growing Customer Base…
IT / ITES
evolve
Mahindra
Technology Park
Handicraft
Light
Engineering
With a Rapidly Growing Customer Base…
IT/ITES
Zone
evolve
Mahindra
Technology
Park
Handicraft
Zone
Light
Engineering
Zone
DTA
JAIPUR AV
Expanding the Mahindra World City Foot Print…
Mahindra World City, Maharashtra
Mahindra Bio Valley SEZ, Thane
¾
3000 acres Integrated Business City at
Karla, Pune
¾
52 Acres Biotech SEZ at Thane, near
Mumbai
¾
Promoted in Partnership with MIDC
( A Govt. of Maharashtra enterprise)
¾
16 Kms from Mumbai; 20 kms from
Airport
¾
Located optimally between Mumbai and
Pune
o
Less than an hour from Pune City
and 1.5 Hours from Mumbai City
(100km)
¾
Demand Assessment completed by E&Y
¾
Site ideal for Research; NDDS, CRO, etc
¾
Notification received in July 2008
¾
Master planner and Architect appointed
¾
Expected to break ground in FY 2009 / 10
¾
Procurement of Land in progress
Mahindra World Cities - Creating & Unlocking Value
Realize full
potential through
phased development
& commercial / retail land use
Building
Blocks of residential
infrastructure
TIME
Create a Captive
Population
Economic
&
Fair Land
Acquisition
Karla
Develop
World-Class
Core
Infrastructure
Establish
Anchor
Client
Chennai
Thane
Jaipur
VALUE
Creating Sustainable Value through Standalone Real Estate
Projects
Creating Sustainable Value through Standalone Real Estate
Projects
Residential Development – Project Portfolio

Ongoing Projects (2.2 Mn.sft)
{
Sylvan County, Chennai

Proposed Projects (6.2 Mn sft)
{
{
{
Mahindra Eminente, Goregaon, Mumbai
{
Mahindra Royale, Pune
{
{
Mahindra Splendour, Bhandup, Mumbai
{
{
Mahindra Chloris, Faridabad
{
{
Gurgaon
Nasik
Mumbai
Pune
Nagpur
Chennai
Residential Development Portfolio - Summary
Forthcoming Projects
Sr
No
Project
Location
City
Saleable Area- Expected
sq.ft-mn
Start Year
Expected
Completion
Year
1
Mahindra Eminente
Goregaon
Mumbai
0.30 F-2009
F-2012
2
Mahindra Splendor
Bhandup
Mumbai
0.35 F-2009
F-2012
3
GE Gardens
Kanjurmarg
Mumbai
0.06 F-2009
F-2010
4
Commercial
Pimpri
0.25 F-2009
F-2011
5
Sylvan County
Chennai
0.05 F-2009
F-2010
6
Residential
Gurgaon
1.40 F-2010
F-2013
7
Residential
Nasik
0.30 F-2011
F-2013
8
Residential
Nagpur
2.00 F-2009
F-2012
9
Residential
Chennai
1.50 F-2010
F-2013
6.21
* Does not include 1.6 mn sft of Residential development with Ayala, to start in FY 2010
Locations For Future Growth
Lands Under Acquisition:

5500 acres in Western Maharashtra

1200 acres in Chennai

1200 acres in Coimbatore
Lands in Possession:

1300 acres in Murud, Maharashtra

53 acres in Goa
Shareholding Structure of Key Subsidiaries
74 %
Mahindra
MahindraLifespace
Lifespace
Developers
DevelopersLimited
Limited
83 %
74 %
Mahindra World
City Developers
Limited, Chennai
6%
MM&&MMGroup
Group
Mahindra World
City Jaipur
Limited
TIDCO
TIDCO
RIICO
RIICO
51%
Mahindra Integrated
Township Limited
* JV agreement inked
Mahindra World
City Maharashtra
Limited
11 %
(Proposed)
26 %
11 %
26%
89 % (Proposed)
MIDC
MIDC
80 %
Mahindra
Infrastructure
Developers Limited
20 %
IFC,
IFC,
Washington
Washington
Mahindra
Mahindra
Water
WaterUtilities
Utilities
Limited
Limited
50 %
United
United
Utilities
Utilities
49%
Mahindra Residential
Developers Limited*
50 %
An
AnAffiliate
Affiliateof
ofAyala
AyalaLand
Land
Performance Review - Profit and Loss Account (Consolidated)
EBITDA - Rs. Lacs
Total Income - Rs. Lacs
26459
22074
22399
9892
12700
4136
3847
Fy'06
Fy'07
2121
Fy'05
Fy'06
Fy'07
Fy'05
Fy'08
PAT - Rs. Lacs
6895
1715
1831
Fy'06
Fy'07
36
Fy'05
Fy'08
Fy'08
Performance Review – Balance Sheet (Consolidated)
Loan Funds - Rs. Lacs
Net Worth - Rs. Lacs
28552
85574
76174
17688
Fy'05
18079
16629
18043
Fy'06
4813
Fy'07
Fy'05
Fy'08
Fy'06
Inventory - Rs. Lacs
66259
39013
21128
Fy'05
26821
Fy'06
Fy'07
Fy'08
Fy'07
Fy'08
Accolades
Golden Peacock National Quality Award
CNBC-CRISIL Award
ABCI awards for Online Marketing, Corporate Newsletter
MCHI Awards
AESA, Accommodation Times, PCMC Awards
Outstanding Export
Performance Award
ASLA Honor Award
Thank You