#1INVESTOR PRESENTATION Q4 FY2023 Mahindra Roots, MMR mahindra LIFESPACES *Actual Image#2mahindra LIFESPACES DISCLAIMER 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 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, MHDL, MWCDL, MWCJL, MIPCL & MIPPL). 1#3INDEX 1. Snapshot MLDL Overview 2. At Glance MLDL Residential 3. Stock Performance MLDL IC & IC 4. Strengths MLDL Financials 5. Strategy MLDL Leadership 6. Highlights - Operational & Financial 2#4mahindra LIFESPACES MLDL SNAPSHOT Committed to transforming India's urban landscape through its Residential and IC&IC developments mahindra LIFESPACES MLDL Overview 2 Business Verticals: 48 IC&IC | Residential Residential Projects 25+ years Of Legacy INR 5,452 cr Market Capitalisation 3 cities 7 cities as on 31st March'23 Presence in Residential Business Presence in IC&IC Business 650+ Employees 90+ Awards 5000+ acres Development footprint of IC&IC Business Sustainable Urbanization Mission 224 100% 15500+ IC&IC Clients across 3 locations Green Portfolio from 15+ countries Happy Residential Customers 33.58 msft Development footprint Of Residential Business 19.87 msft Completed Development in Residential Business 3#5mahindra LIFESPACES MLDL Overview MLDL AT GLANCE - EVOLUTION Progressing on our way to achieve core purpose of following triple bottom line philosophy viz., People, Planet and Profit. 1994 Entry Mahindra Group forays into real estate business as Mahindra Realty & Infrastructure Developers Limited (MRIDL) 2015 2016 Sumitomo JV | TERI Partnership JV with Sumitomo Corp. for establishing an industrial park in North Chennai. Partnered with TERI to set up the Mahindra TERI Centre of Excellence for Sustainable Habitats 2001 2002 Merger | MWC Chennai Launch MRIDL and GESCO merge to form Mahindra Gesco Developers Ltd. Launches its first large format integrated business city - Mahindra World City (MWC), Chennai 2017 2018 Financial Partnership | Rights Issue Origins Launch Partnered with HDFC Capital Rights Issue of Rs. 300 cr • Launched Industrial Clusters brand 'ORIGINS 2007 MWC Jaipur Launch • Launch of second World City at Jaipur 2019 2020 Origins Chennai Launch Origins Ahmedabad development IFC Partnership Launch of Origins Chennai Commenced development in Origins Ahmedabad Partnered with IFC for MWC Jaipur and Origins Ahmedabad 2013 2014 SCM JV | Happinest Launch JV with SCM Real Estate (Singapore) Pvt. Ltd. for residential project development Launch of new business vertical - Happinest focused on affordable housing • 2022 2023 JV with Actis to develop industrial & logistics real estate facilities Achieved milestone of 100th client at MWC Jaipur Launched India's first Net Zero Energy Residential Project, Mahindra Eden in Bengaluru Forayed into society redevelopment Transforming urban landscapes by creating inspiring workplaces and sustainable communities The years mentioned above are the respective Financial years 4#6mahindra LIFESPACES MLDL Overview MLDL AT GLANCE – AWARDS AND RECOGNITIONS - We have been recognized in many facets - Top Builder, Great Place to Work, Sustainability and many more 2022 1. Construction World conferred MLDL with the 'India's Top Builder' award under the National category at the '17th Construction World Architect & Builder Awards 2. GRESB conferred MLDL with 'Global Sector Leader' in the Development Benchmark category 3. Bags 1st position in Public Disclosure (Asia) by GRESB third time in a row 4. Only Indian company to receive a Double A rating by CDP for Climate change and Water Security 5. MWC Chennai won the 13th CIDC Vishwakarma Award for Best Smart City/Sub City Projects 6. Awarded innovative Marketing Concept of the Year for the project - Mahindra Nestalgia - 14th Realty+ Conclave & Excellence Awards 2023 - Pune Region 2021 1. MWC in Chennai and Jaipur ranked as Leaders in the Industrial Parks Rating for SEZS by DPIIT, Government of India 2. Ranked as a Climate Change 'Leader' in India by CDP, an international non-profit 3. Bags 1st position in "Sustainability Performance Award" category in 12th edition of Corporate Governance & Sustainability Vision Awards - 2022 (3rd year in a row) by ICC 2020 1. MWC in Chennai and Jaipur recognized as most promising global free zones by fDi magazine 2. Awarded for Sustainable Performance and Corporate Social Responsibility by Indian Chamber of Commerce at Corporate Governance and Sustainability Vision Award 2020 2019 1. Ranked 17th in the list of Great Places to Work in India, in the 'Mid-sized Companies' category 2. MWC in Chennai received bespoke award in deployment of technology at fDi Global Free Zones of the Year 2019 2018 1. Ranked among the 'Top 100 Best Companies for Women in India' 2. 'Nova' at Mahindra World City, Chennai recognised as Low Cost Housing Apartment Project of the Year at 5th NDTV Property Awards 2018 2017 1. Mahindra World City recognised as Best PPP model at 5th Businessworld Smart Cities Conclave & Awards 2017 2. Received Golden Peacock Environment Management Award 2017. Consistent performance in various fields will help us lead LO 5#7MLDL AT GLANCE - SUSTAINABILITY Published 1st Integrated Report and BRSR* Committed to Net Zero (Energy, Water, & Waste) Developments by 2030 100% Green certified portfolio since 2014 mahindra LIFESPACES MLDL Overview To us green is not just a colour, it's a commitment Recognized by CDP, TCFD, GRI & GRESB 1. ONLY INDIAN company - Double A Leadership score in CDP 2022-Climate Change and Water Security 2. Supplier Engagement Leader (A Rating - 3rd year in a row) - CDP 2022 3. Global Sector Leader (Development category) - GRESB 4. Ranked 1st in Asia in GRESB Public Disclosure (3rd year in a row) 5. Plan to become carbon neutral by 2040, signatory to SBTI CSR Budget allocated for Environment, Education, Health & Well-being, Community Development, Women Empowerment initiatives H BUILT GREEN BENEFITS UMPTEEN ESG Initiative: 1. Environment - Build Ecological Capital 2. Social Build Social & Human Capital 3. Governance - Build Financial Capital Mahindra TERI Center of Excellence for research on environment related activities Founding partner of voluntary Business Charter on 'Value-chain Approach to Decarbonize the Building and Construction Sector in India' Green Army: mission to create 1 million caring citizens Launched Online and Green Army Family module due to Covid-19 Re-initiated Green School program ESGINDIA 2022 Best Waste Management Award (Environment category) MWC Chennai - India's 1st certified zero waste to landfill city UILT G BUIE ZERO REEN ENERG India's 1st Net Zero Energy Residential Building C40 CITIES MWC Jaipur received C40 CPDP Stage 2 Certification *BRSR: Business Responsibility & Sustainability Report - mandated by SEBI from 2022-23 CHI IGBC Project Award: Mahindra Eden (IGBC Net Zero Energy Building - Design 2022) CDP Only Indian Company with a 'Double A' rating under Climate Change and Water Security category CDP India Awards 2022 ICC 1st Sustainability Performance (4th year in a row) 2nd Corporate Social Responsibility (13th edition of Corporate Governance & Sustainability Vision Awards - 2023) 6#8800 600 400 200 MLDL STOCK INFORMATION As on 31st March 2023 Market Capitalization INR 5,452 cr ✓ Free Float 2,656 cr Shares Outstanding 15.46 cr مجھے Symbol (BSE) (NSE) 532313/MAHLIFE 0 31-Mar-21 mahindra LIFESPACES Shareholding Pattern (%) 11.3% 18.0% 19.4% Promoters FII 51.3% MF Others BSE REALTY -MAHLIFE 31-Mar-22 31-Mar-23 Key Institutional Investors Kotak Mahindra Asset Management Company Limited ICICI Prudential Asset Management Company Limited HSBC Asset Management Company Limited First State Investments Nippon Life India Asset Management Company Limited The Vanguard Group, Inc Goldman Sachs Stock generated CAGR return of ~36% over the past 2 years MLDL Overview 7#9MLDL STRENGTHS Organised players likely to benefit disproportionately Stakeholders Preferences Buyers' inclination towards trusted developers with a strong delivery track record • Landowners choose to deal with organised developers with strong balance sheet • Lenders prefer funding reputed & well governed developers Enhanced Affordability • Rise in income level • Increase in household savings mahindra LIFESPACES MLDL Overview • • • • • mahindra LIFESPACES Strong Brand & Parentage Access to Capital at Low Cost Differentiated Products & Customer Experience Consistent Positive Cashflows Good Corporate Governance & Transparency Sustainable Development Regulatory Reforms ⚫RERA - Transforming the RE landscape o Shift of purchasing power to buyers o Builder's accountable for timely delivery & quality o Financial discipline & transparency • Demonitisation: Demand significantly dominated by end consumer • GST: Operational transparency Government Initiatives • Pradhan Mantri Awas Yojna Scheme Affordable Rental Housing Scheme •Performance Linked Incentive Schemes Crafting lives and creating lasting value for our customers 8#10MLDL STRATEGY Residential Annual Sales Rs. 695 cr 2021 Rs. 1,812 cr 2023 Rs. 2,500 cr by 2025 2025 IC & IC Annual Lease Rs. 129 cr 2021 Rs.456 cr 2023 mahindra LIFESPACES MLDL Overview Rs. 500 cr by 2025 2025 MMR, Pune & Bengaluru Target Markets 0.5 to 1.5 msft Development potential per project 3-4 Land acquisitions every year, worth sales potential of Rs. 2000 cr Non- speculative Land acquisitions in well- developed micro markets Accelerated leasing across all existing locations with enhanced deal size Origins Ahmedabad Sales Activation Vision to grow >3 times by 2025 Origins Pune & Origins Chennai Ph2 Launch of new parks Exploring allied opportunities in Build to Suit lease premises 6#11MLDL HIGHLIGHTS - OPERATIONAL RESIDENTIAL** 0.49 msft Sales Volume (RERA Carpet Area: 0.32 msft) NEW ITEM 0.41 msft Launches 2.23 msft Sales Volume (RERA Carpet Area: 1.41 msft) 鄖 mahindra LIFESPACES MLDL Overview NEW ITEM 3.19 msft Launches Rs. 361 cr Sales Value Q4 FY 2023 0.25 msft Completions Rs. 1,812 cr (₹) FY 2023 0.65 msft Sales Value Completions Rs. 304 cr Collections 280 units Handovers Rs. 1165 cr Collections 1246 units Handovers INTEGRATED CITIES & INDUSTRIAL CLUSTERS 69 acres leased to 4 customers for Rs. 201* cr MWC Chennai: Leased to 1 customer for Rs. 32.4 crore Origins Chennai: Leased 58.1 acres to 2 customers for Rs. 163.5 crore MWC Jaipur: Leased 1.5 acres to 1 customer for Rs. 4.8 crore 158 acres leased to 29 customers for Rs. 456* cr MWC Chennai: Leased 12.1 acres to 5 customers for Rs. 50 crore Origins Chennai: Leased 74.2 acres to 3 customers for Rs. 204.5 crore MWC Jaipur: Leased 71.4 acres to 21 customers for Rs. 201.2 crore **All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable. *Includes transfer fee income 10#12MLDL HIGHLIGHTS - FINANCIAL mahindra LIFESPACES MLDL Overview (Rs. cr, unless specified) CONSOLIDATED RESULTS Q4 FY23 Q3 FY23 Q4 FY22 Income from Operations Other Income 255.4 186.9 161.8 14.9 11.2 (6.7) Total Income 270.3 198.1 155.0 Profit/ (Loss) Before Tax & Share in Net Profit / (Loss) of Associates (18.9) 27.1 50.6 Share in Net Profit / (Loss) of Associates 22.9 5.7 27.3 Net Profit (Loss) for the period Profit Before Tax Net Profit / (Loss) after Non-Controlling Interest 3.9 32.7 78.0 0.5 34.1 137.7 0.5 33.2 136.8 CONSOLIDATED RESULTS FY23 FY22 FY21 Total Income 659.6 408.2 187.8 EBIDTA* Net Profit (Loss) after Non-Controlling Interest Net Worth (excluding Non-Controlling Interest) Net Debt to Equity Ratio Cost of Debt 61.0 15.5 (59.8) 101.4 154.8 (71.7) 1,805.8 1,788.5 1,631.1 (0.00) 0.03 0.07 8.2% 6.5% 7.1% All figures above are in Rs. cr, unless specified. * EBITDA Includes Other Income and Share of Profits from JV and Associates 11#13INDEX 1. Introduction MLDL Overview 2. Historical Trend MLDL Residential 3. Project Portfolio MLDL IC & IC 4. Sustainable Future Cash Flows MLDL Financials 5. Robust Technology MLDL Leadership 12 22#14mahindra LIFESPACES MLDL Residential MLDL RESIDENTIAL | INTRODUCTION - STRUCTURE OVERVIEW 100% MBDL • Bloomdale • Nestalgia M&M 51% MLDL 72.5% MHPL Luminare 51% MHDL •Happinest Palghar Happinest Kalyan 89% MWCDL* • Lakewoods •Happinest MWCC • Aqualily 27.5% Actis 49% HDFC Capital Overview includes assets owning SPVS only. Shareholding percentage are rounded to nearest percentage & based on common equity capital in SPVs. * MITL and MRDL merged into MWCDL wef 30th Dec 2022 13#15mahindra LIFESPACES MLDL Residential MLDL RESIDENTIAL | INTRODUCTION MLDL is pioneering development of green homes and thoughtfully designed living spaces Premium Residential Value Homes Total Development Footprint 27.86 msft 5.72 msft 33.58 msft Completed Development 18.18 msft 1.69 msft 19.87 msft Ongoing and Forthcoming 9.68 msft 4.03 msft 13.71 msft Roots, Mumbai (Completed) Lakewoods, Chennai (Under Construction) Alcove (Under Construction) Happinest Kalyan (Under Construction) Vicino (Actual Image) Happinest Palghar Ph 1 (Actual Image) Luminare, NCR (Actual Image) Targeting metropolitan cities like MMR, Pune & Bengaluru | Non-speculative land acquisition in well developed corridor Focus on differentiated products and customer experience 14#16mahindra LIFESPACES MLDL RESIDENTIAL | HISTORICAL TREND - ANNUAL MLDL Residential 1.69 Sales Value (Rs. cr) Sales Volume (msft) 2.23 1.31 1.07 1.28 1023 670 695 1028 1812 | Collections (Rs. cr) Construction Outflow (Rs. cr) 1153 1165 963 930 758 LL 331 289 241 361 374 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Launches (msft) 1.55 1.27 0.97 0.94 1.84 3.19 FY19 FY20 FY21 FY22 FY23 1.07 Completions (msft) 0.39 1.30 0.65 FY19 FY20 FY21 FY22 FY23 Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable. 15#17mahindra LIFESPACES MLDL Residential MLDL RESIDENTIAL | HISTORICAL TREND-QUARTERLY 0.40 Sales Value (Rs. cr) Sales Volume (msft) 0.65 0.61 0.47 0.49 328 602 399 450 361 I Collections (Rs. cr) Construction Outflow (Rs. cr) 308 304 304 286 271 LLLLL 136 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 1.05 0.96 Launches (msft) 0.61 1.11 0.41 Q4 FY22 QIFY23 Q2 FY23 Q3 FY23 Q4 FY23 0.56 Completions (msft) 0.02 0.25 0.19 0.19 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Note: All figures correspond to MLDL and associates, including JD partner share & commercial units that are part of residential development wherever applicable. 16#18mahindra LIFESPACES MLDL Residential MLDL RESIDENTIAL | PROJECT PORTFOLIO - ONGOING PROJECTS Premium Residential Total Location Project Name Launched Development Development A B Completed Development C Area Sold Ongoing Development Area Sold Sales Value (Rs. cr) of C D of D of D Completion % of D Meridian II 0.04 0.04 0.00 0.00 0.04 0.00 0 92% Meridian plotted 0.15 0.15 0.00 0.00 0.15 0.02 4 75% MMR Vicino 0.27 0.27 0.08 0.08 0.19 0.18 324 81% Alcove # 0.39 0.39 0.00 NA 0.39 0.16 232 36% Nestalgia 0.53 0.52 0.00 0.00 0.52 0.23 172 28% Pune Mahindra Citadel 2.77 0.51 0.00 0.00 0.51 0.31 237 12% NCR Luminare # 1.21 1.21 0.77 0.77 0.44 0.27 377 69% Nagpur Bloomdale 1.55 1.55 1.17 1.17 0.39 0.39 188 91% Bengaluru Eden Kanakpura 0.80 0.80 0.00 ΝΑ 0.80 0.65 488 31% Aqualily 1.58 1.51 1.35 1.35 0.16 0.03 14 69% Chennai Lakewoods 0.90 0.47 0.28 0.28 0.19 0.02 8 12% TOTAL 10.20 7.42 3.64 3.64 3.77 2.26 2044 47% Value Homes Location Project Name Total Launched Completed Development Development Development Area Sold Ongoing Development Sales Value Completion Area Sold (Rs. cr) % A B C of C D of D of D of D Happinest Palghar Ph 2 0.36 0.18 0.00 ΝΑ 0.18 0.12 44 38% MMR Happinest Kalyan 1 0.84 0.84 0.00 ΝΑ 0.84 0.74 406 75% Happinest Kalyan 2 1.22 0.68 0.00 NA 0.68 0.37 189 23% Pune Happinest Tathawade 1.20 0.73 0.00 ΝΑ 0.73 0.55 325 27% Chennai Happinest MWCC 0.41 0.41 0.00 NA 0.41 0.27 106 20% TOTAL 4.03 2.84 0.00 0.00 2.84 2.05 1071 40% Note: Above figures are based on saleable area (msft), unless specified & includes JD partner's share wherever applicable. | #Project under Joint Development (JD) 17#19mahindra LIFESPACES MLDL Residential MLDL RESIDENTIAL | PROJECT PORTFOLIO - FORTHCOMING PROJECTS Future Phases of Ongoing Projects. Location Project Name Happinest Palghar Ph 2 Segment Estimated Saleable Area (msft) Value Homes 0.18 MMR Happinest Kalyan 2 Ph 2 Value Homes 0.54 Happinest Tathawade Value Homes 0.47 Pune Mahindra Citadel Mid-Premium 2.26 Aqualily Mid-Premium 0.07 Chennai Lakewoods Mid-Premium 0.43 3.94 TOTAL New Projects Estimated Saleable Location Project Name Segment Area (msft) MMR New Project (Dahisar) # New Project (Kandivali) Mid-Premium 0.86 Mid-Premium 1.68 New Project (Santacruz W) Mid-Premium 0.14 New Project Bengaluru Mid-Premium 0.45 (South Bengaluru) TOTAL 3.13 7.07 msft Total Forthcoming Projects Area # Project under Joint Development (JD) Estimated saleable area includes JD partner's share wherever applicable. 5.89 msft Forthcoming in Mid-Premium Residential 1.18 msft Forthcoming in Value Homes 18#20mahindra LIFESPACES MLDL Residential MLDL RESIDENTIAL | PROJECT PORTFOLIO - READY TO MOVE INVENTORY Balance units to sell Location NCR Pune Chennai MMR EEEE Project Name Luminare Centralis Lakewoods Aqualily Bloomdale Happinest Boisar Meridian (Alibaug) Happinest Palghar 1 TOTAL Happinest Boisar Meridian (Alibaug) Company MHPL 1 MLDL 6 MITL 2 MRDL 2 MBDL 1 MLDL 55 MLDL 5 MHDL 89 161 Happinest Palghar 1 Note: All figures correspond to MLDL and associates, including commercial units that are part of residential development wherever applicable. 19#21mahindra LIFESPACES MLDL Residential MLDL RESIDENTIAL | SUSTAINABLE FUTURE CASH FLOWS Estimated Cash Flows (Rs. cr) 1,323 Cashflow from Launched Phases / Projects 1,098 Cashflow from Future Phases (To be launched) 1,457 Cashflow from New Projects (To be launched) 3,878 Total Estimated Cash Flows* Launched Phases/Projects Sold Units & Estimated Sales ^ Value (Rs.cr) Future Phases (To be launched) Value (Rs.cr) New Projects (To be launched) Value (Rs.cr) 5048 Estimated Sales^ 4283 Estimated Sales ^ Λ 3156 Less: Amount Collected of Sold Units 1422 Less: Estimated Construction Cost # 2826 Less: Estimated Construction Cost # 2058 Less: Estimated Construction Cost # 2303 Net amount to be collected 1457 Net amount to be collected 1323 Net amount to be collected 1098 Total 3878 *Does not include cash flow potential of "Land Bank", #Construction costs are based on management estimates and includes unspent land/FSI related costs ^ Estimated sales value is based on management estimates 20#22INDEX MLDL Overview MLDL Residential MLDL IC & IC MLDL Financials MLDL Leadership 1. Introduction 2. In Detail 3. Land Inventory 21#23mahindra LIFESPACES MLDL IC & IC MLDL IC & IC | INTRODUCTION Pioneer in this business with Pan India presence across Golden Quadrilateral and Delhi-Mumbai Industrial Corridor Integrated Cities- MWC Chennai 60 kms from city, Partnership with TIDCO Gross Area: 1524 acres • • • MWC Jaipur 20 kms from city, Partnership with RIICO Company owns an IT Park named 'eVolve' Gross Area: 2913 acres Industrial Clusters- Origins Chennai • 35 kms from city, Partnership with Sumitomo Gross Area: 289 acres Origins Ahmedabad .75 kms from city, Partnership with IFC Gross Area: 340 acres Origins Pune (Forthcoming) Gross Planned Area: 500 acres • . Land acquisition stage Leased Area (Acres) Average Price per Acre (Rs. cr) 2.7 2.6 2.5 2.3 93.1 2.9 Existing ecosystem of Marquee customers Co-located residential Spaces with social Infrastructure Partnership with Government AL BA 39.6 46.4 110.6 158.0 Plug 'n' play infrastructure Sustainable and smart Access to Skilled workforce FY19 FY20* FY21* FY22 FY23 Leading Integrated Industrial Ecosystem: 5 Destinations, 1 Motive - MAKE IN INDIA * Does not include sales outside MWC Chennai boundaries (FY20: 3 acres, FY21: 9.2 acres, FY22: nil, FY23: nil) BUSINESS SUPPORT SERVICES Hassle free Transaction 22 22#24mahindra LIFESPACES MLDL IC & IC MLDL IC & IC | INTRODUCTION - STRUCTURE OVERVIEW M&M 51% MLDL 100% KTL 74% MWCJL* 89% MWCDL 100% MIPCL MIPPL* 60% - Origins Pune - MWC Jaipur - MWC Chennai - Origins Chennai - Origins Ahmedabad 26% RIICO 11% TIDCO 40% Sumitomo Overview includes assets owning SPVs only. Shareholding percentage are rounded to nearest percentage & based on common equity capital in SPVs. * IFC is a strategic partner in MWCJL & MIPPL. 233 23#25MLDL IC & IC | IN DETAIL MWC, Chennai Origins, Chennai Leasable Area: 1145 acres Balance Inventory in MWCDL 307 24 227 1121 89 24 64 237 ■Leased Unleased ■MWC Commercial Outside MWC Boundary Origins Chennai Ph 2 ■MWC Residential MWC, Jaipur Leasable Area: 2011 acres 1030 981 ■Leased ■ Unleased Unleased Inventory 170 569 242 ■ SEZ ■DTA ■Resi & Social Origins, Ahmedabad 340 Acres mahindra LIFESPACES MLDL IC & IC Gross Area Leasable Area* Leased Area 127 255 Gross Area Saleable Area* Leased Area Acres ORIGINS PUNE is forthcoming with gross planned area of 500 acres; currently in land acquisition stage. * Leasable / Saleable area is based on management estimates and includes commercial & residential area wherever applicable. 24 24#26MLDL IC & IC | DETAILS Leased Area (Acres) 158.0 93.1 mahindra LIFESPACES MLDL IC & IC Park O&M, MWC Chennai (Rs. cr) 110.6 74.2 24.0 23.3 23.3 23.9 24.4 18.6 18.6 17.7 16.4 17.0 22.8 46.4 39.6 95 46.2 71.4 15.4 15.1 24.1 23.3 28.8 1.2 2.2 15.6 12.4 FY19 FY20 FY21 FY22 FY23 FY19 FY20* FY21* MWC Chennai MWC Jaipur FY22 Origins Chennai FY23 Income Expenses Total Average Price Per Acre (Rs. cr) 42.7 4.1 3.9 3.5 3.1 3.0 2.7 27 2.8 2.1 Park O&M & evolve, MWC Jaipur (Rs. cr) 44.4 40.0 39.9 41.2 20.1 17.2 16.9 15.6 17.2 2.8 2.6 2.5 2.4 2.0 FY19 FY20* FY21* FY22 MWC Chennai MWC Jaipur Origins Chennai FY23 FY19 FY20 FY21 FY22 FY23 Income Expenses * For MWC Chennai, it does not include sales outside MWC boundaries (FY20: 3 acres, FY21: 9.2 acres, FY22: nil, FY23: nil) 25#27MLDL IC & IC | MARQUEE CLIENTELE MWC Chennai 84 customers (63 operational) MWC Jaipur 130 customers (74 operational) mahindra LIFESPACES MLDL IC & IC Infosys D-BASF GHER →Capgemini Accudyne ARVOS The Chemical Company GROUP Armstrong Infosys Deutsche Bank Group MetLife JCB DTC DMF// APPIRIO GROUP Infosys Campus Origins Chennai 10 customers (3 operational) YANMAR Yammar BMW Central Avenue JCB DTA Zone Infosys Circle Origins Ahmedabad usui NH Access NISSEI USUI Susira Nissei Electric Focus on accelerated leasing across all locations Planned Construction Planned Construction 26#28mahindra LIFESPACES MLDL IC & IC MLDL | LAND INVENTORY - ASSETS WITH DEEP VALUE Land Name Location Gross Area (acres) Ghodbundar Road, Thane MMR 68 Development Plan Land conveyance completed. Planned as Mixed-use Development. # Murud, Raigad Pune MMR 1,291 Under study & evaluation stage. Pune 500 * MWC Chennai Chennai 89 (Residential Zone) Planned to be developed as Origins, Pune. Under land aggregation stage to ensure contiguity. To be monetized through residential development / plotted & outright leasing. MWC Chennai Chennai 64 Planned as land sale. (Outside Boundary Land) Gummidipoondi (Origins Chennai Ph 2) Chennai 237 Under land aggregation stage to ensure contiguity. Total 2,249 Includes land held by SPVS | * Represents Gross Planned Area # Above information is based on management estimates and can change / alter / vary materially. No assurances are being made in relation to the timelines or realisation of above planned developments 27#29INDEX MLDL Overview MLDL Residential 1. Consolidated Results MLDL IC & IC 2. Segment Performance MLDL Financials MLDL Leadership 28#30mahindra LIFESPACES MLDL Financials MLDL FINANCIALS | CONSOLIDATED RESULTS - PROFIT & LOSS PROFIT & LOSS STATEMENT Q4 FY23 Q3 FY23 Q4 FY22 FY23 FY22 Income from Operations 255.4 186.9 161.8 606.6 393.6 Other Income Total Revenues 14.9 11.2 -6.7 53.0 14.7 270.3 198.1 155.0 659.6 408.2 Operating Expenses Employee Remuneration & Benefits Finance Costs 211.4 154.8 139.4 513.8 303.1 18.3 18.9 17.6 79.2 83.6 3.4 3.3 1.5 10.9 6.5 Depreciation & Amortisation 3.1 3.4 2.3 12.2 6.5 Administration & Other Expenses 53.0 24.7 40.5 123.8 96.3 Total Expenditure 289.2 205.0 201.2 739.8 496.1 Exceptional Items 0.0 33.98 96.84 67.8 96.84 Profit from Ordinary Activities before Tax & Share in Net Profit / Loss of Associates -18.9 27.1 50.6 -12.5 9.0 Share in Net Profit / (Loss) of Associates 22.9 5.7 27.3 118.1 90.3 Profit from Ordinary Activities before Tax 3.9 32.7 78.0 105.7 99.3 Less Provision for Current Taxation 0.8 1.2 5.5 3.5 9.3 Less: Provision for Deferred Taxation Net Profit for the period 2.6 -2.5 -65.2 -0.7 -71.8 0.5 34.1 137.7 102.8 161.7 Less: Minority Interest 0.0 0.9 0.8 1.4 7.2 Net Profit / (Loss) after Taxes and Minority Interest 0.5 33.2 136.8 101.4 154.8 All figures above are in Rs. cr, unless specified 29#31mahindra LIFESPACES MLDL Financials MLDL FINANCIALS | CONSOLIDATED RESULTS - BALANCE SHEET EQUITY & LIABILITIES FY23 FY22 ASSETS FY23 FY22 Equity Share Capital 154.7 Other Equity 1,651.1 Networth 1,805.8 154.5 1,634.0 1,788.5 Property, Plant and Equipment 13.8 11.8 Right of Use Assets 2.8 5.6 Capital Work-In-Progress 5.1 3.4 Non-Controlling Interest 0.2 49.1 Investment Property 19.4 20.0 Goodwill and Other Intangible Assets 0.5 66.1 Financial Liabilities Financial Assets (i) Borrowings 7.7 60.1 (i) Investments 709.2 622.3 (ii) Lease Liabilities 3.0 (ii) Trade Receivables (iii) Other Financial Liabilities 1.8 1.8 (iii) Loans 0.1 4.4 Provisions 4.6 4.3 (iv) Other Financial Assets 14.4 15.4 Deferred Tax Liabilities (Net) Deferred Tax Assets (Net) 59.2 78.9 Other Non-Current Liabilities Other Non Current Tax Assets 67.9 73.0 Non-Current Liabilities 14.2 69.2 Non Current Assets 892.5 900.9 Financial Liabilities Inventories 2,097.6 1,441.9 (i) Borrowings (ii) Lease Liabilities (iii) Trade Payables (iv) Other Financial Liabilities Other Current Liabitilies Provisions 257.4 3.0 220.4 Financial Assets 2.8 (i) Investments 196.2 0.0 191.8 173.3 (ii) Trade Receivables 129.1 91.9 331.9 36.2 (iii) Cash and Cash Equivalents 49.5 198.4 980.1 670.4 (iv) Bank Balances other than (iii) above 27.9 27.1 11.5 12.3 (v) Loans 17.6 77.0 Current Tax Liabilities (Net) Current Liabilities 14.9 15.2 (vi) Other Financial Assets 15.2 51.0 1,790.7 1,130.6 Current Tax Assets (Net) 0.0 Liabilities associated with Assets Held for Sale Other Current Assets Current Assets 185.3 249.3 2,718.3 2,136.6 TOTAL 3,610.7 3,037.4 TOTAL 3,610.7 3,037.4 All figures above are in Rs. cr, unless specified 30 30#32mahindra LIFESPACES MLDL Financials MLDL FINANCIALS | SEGMENT PERFORMANCE Residential IC & IC SEGMENT RESULTS Q4 FY23 Area Sold (msft) / Land Leased (acres) 0.49 msft Sales/Lease Income 361 Income from Operation Other Income FY23 2.23 msft Q4 FY23 FY23 68.8 acres 157.8 acres 1812 201 456 257 615 215 568 31 77 7 11 Total Income 288 692 222 579 Cost of Sales 225 546 166 309 Gross Margins (%) 13% 11% 23% 46% Less other Operating Expenses 60 192 15 39 EBIDTA (excluding Other Income) -28 -124 34 220 Less Interest and Depreciation 8 Add Exception Item - Gain / (Loss) о Less Provision for Tax 4 PAT (after Non-Controlling Interest) -16 PAT Margin (%) -6% Net worth $ # Net Debt Net Debt to Equity Ratio 1,422 -34 -0.02 80 801 - 8 28 17 56 68 -6 -6 -25 -2 38 16 100 0% 8% 17% 894 332 0.37 Note: Above details are provided for better understanding of the performance of Residential & Industrial business 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. All figures above are in Rs. cr, unless specified # Debt represents funding from Banks / FI's / Third Parties. Any contribution made by promoters / strategic partners is excluded. $ Net-worth in each segment has been adjusted by including the contribution made by promoter/ strategic partners. 31#33INDEX MLDL Overview MLDL Residential 1. Directors MLDL IC & IC 2. Management MLDL Financials MLDL Leadership 32 32#34MLDL LEADERSHIP | DIRECTORS mahindra LIFESPACES MLDL Leadership . Mr. Ameet Hariani Chairman and 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. • • 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. 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 & conferences, has authored several op- eds, articles & reports on 'Digital India', the 'Next Billion Consumers' & 'Future of Real Estate Amit Kumar Sinha Non-Executive Director, and Board Member Mahindra Lifespace MBA from The Wharton School, University of Pennsylvania BE (Electrical and Electronics) from the Birla Institute of Technology, Ranchi Holds Ananta Aspen Fellowship at Birla Institute of Technology. Former Senior Partner and Director with Bain & Company Ms. Asha Kharga Non-Executive, Non-Independent Director ⚫ MBA in Marketing from Mumbai University ⚫ Chief Customer & Brand Officer, M&M Ltd • Recognised as India's Top 20 Most Influential Women in Marketing & Advertising, by Business World • . Ms. Rucha Nanavati Non-Executive, Non-Independent Director Master in Computer Science, Illinois Institute of Technology, Chicago, IL, USA & BE- Electronics and Communication Chief Information Officer, M&M Ltd • Won Top Women in Grocery award in 2020 and CIO Powerlist award in 2022 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. Anuj Puri Non-Executive, Independent Director Chartered Accountant and Fellow of the Royal Institution of Chartered Surveyors, UK Chairman and Founder of ANACROCK. 'Awarded as 'Most Promising Business Leaders of Asia 2018-19' by Economic Times, 'Scroll of Honour' by Realty Plus Magazine and India Business Group Excellence Award 2019 Above is as on the day of Board Meeting: 25th April 2023 33#35MLDL LEADERSHIP | MANAGEMENT Ameet Hariani Non-Executive Chairman mahindra LIFESPACES MLDL Leadership Parveen Mahtani Chief Legal Officer Vimal Agarwal Chief Financial Officer Krity Sharma Chief People Officer Arvind Subramanian Managing Director & Chief Executive Officer Rajaram Pai Chief Business Officer - Industrial Amit Kumar Sinha Director and Board Member Mahindra Lifespace Above is as on the day of Board Meeting: 25h April 2023 Viral Oza Chief Marketing Officer Vimalendra Singh Chief Sales & Service Officer Sudharshan KR Chief Project Officer Jitesh Donga Chief of Design Ashvin Iyengar Chief Business Development & Liasioning Officer 34#36Thank You Investor Relations Contact Mr. Rabindra Basu Head Investor Relations Email: [email protected] Mahindra Lifespace Developers Limited CIN L45200MH1999PLC118949 5th Floor, Mahindra Towers, Worli, Mumbai - 400 018. Tel: 022 6747 8600/6747 8601 | Fax: 022 2497 5084 For more details visit: mahindralifespaces.com mahindra LIFESPACES#37GLOSSARY CDP construction a. Completed: projects where completed and occupancy iDTA GRESB IGRI IC & IC IFC has been certificates granted by have been the relevant authorities Climate Disclosure Project Domestic Tariff Area Classification of projects is as under: b. Ongoing: projects where (i) all title or development rights, or other interest in the land is held either directly or indirectly by the Company/subsidiaries of the Company/joint ventures of the Company/consolidated partnership firms of the Company; (ii) if required, all land for the project has been converted for the intended use; (iii) the requisite approvals for commencement of construction have been obtained Global Real Estate Sustainability Benchmark Global Report Initiative Integrated Cities & Industrial Clusters International Finance Corporation Indian Accounting Standards c. Forthcoming: projects in respect of which (i) all title or development rights or other interest in the land is held either directly or indirectly by the Company/subsidiaries of the Company/joint ventures of the Company/consolidated partnership firms of the Company; (ii) if required, applications have been made for conversion of use for the land for the intended use; (iii) preliminary management development plans are in place; and (iv) architects have been identified Mahindra Lifespace Developers Limited Mumbai Metropolitan Region Mahindra Residential Developers Limited Million Square Feet Mahindra World City 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 MLDL MMR MRDL MSFT MWC MWCDL Mahindra World City Developers Limited IND AS MWCJL Mahindra World City (Jaipur) Limited M&M Mahindra & Mahindra Limited NCR MBDL Mahindra Bloomdale Developers Limited RIICO MHDL MHPL Mahindra Happinest Developers Limited Mahindra Homes Private Limited SBTi SEZ iMIPCL Mahindra Industrial Park Chennai Limited TCFD iMIPPL IMITL Mahindra Industrial Park Private Limited Mahindra Integrated Township Limited TIDCO MLDL National Capital Region Rajasthan State Industrial Development & Investment Corporation Ltd. Science Based Target Initiative Special Economic Zone Task Force on Climate related Financial Disclosure Tamil Nadu Industrial Development Corporation Ltd. Mahindra Lifespace Developers Limited I 36 36 36