Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q1 FY24 Earnings Presentation
33 slides from Aditya Birla Real Estate's earnings presentation, Jul 19, 2023
Slide 1: Exchange filing cover letter for earnings presentation
ADITYA BIRLA CENTURY SH/XIl/2023 19th July, 2023 Corporate Relationship Department Listing Department BSEUmlted National Stock Exchange oflndla Umited 1st Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, 5t11 floor, Dalal Street. Fort. Bandra-Kurla Complex Mumbai-400 001 Bandra (East), Mumbai-400 05
Slide 2: Q1 FY24: Earnings Presentation
Century Textiles and Industries Limited Q1 FY24: Earnings Presentation
Slide 3: Table of Contents
2 TABLE OF CONTENTS Summary Real Estate Pulp and Paper Textiles Financials
Slide 4: Q1 FY24: Key Operational Highlights
3 Q1 FY24: KEY OPERATIONAL HIGHLIGHTS Real Estates acquired three notable projects at premium locations in Q1FY24 with a GDV of INR 5,600 Crs. Textiles division restructured Spinning and Weaving departments to sustain short term revenues and increase long term profitability. Summary Pulp and paper,
Slide 5: Quarterly Consolidated Performance at a Glance
4 QUARTERLY CONSOLIDATED PERFORMANCE AT A GLANCE (RS. IN CRORES) TURNOVER EBITDA** & EBITDA MARGINS PAT -6% -115% -6% 1,172 1,187 143 143 -7% 1,106 131 134 2% -1 05 % 12.1% 46 12.2% 11.0% -7* Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Summary TTM QUARTERLY PERFORMANCE 1,
Slide 6: Quarterly Segment-wise Consolidated Performance
5 QUARTERLY SEGMENT-WISE CONSOLIDATED PERFORMANCE (RS. IN CRORES) REAL ESTATE PULP AND PAPER TEXTILES 12% -2% -19% 37 0% 37 907 268 0.4% 33 857 -8% -9.1% 836 222 -2% 218 18.1% 17.2% -5.5% 15.6% -32.4% -3 -12 164 144 -67.6% 134 1 -25 -11.3% -12 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 -25 Q1 FY24 Summ
Slide 7: Real Estate
Real Estate Over 67 lakh sq. ft. under construction across 5 projects
Slide 8: Key Highlights – Real Estate
7 KEY HIGHLIGHTS – REAL ESTATE Real Estate MAJOR TAKEAWAYS MARKET OUTLOOK • We acquired three notable projects at premium locations in • Indian Real Estate sector currently experiencing the most Q1FY24 with a GDV of INR 5,600 Crs: buoyant period in over a decade Pulp & Paper § Sangamwadi, Pune (GDV:
Slide 9: Key Highlights – Real Estate
8 KEY HIGHLIGHTS – REAL ESTATE Real Estate Units of % change % change Particulars Q1 FY24 Q1 FY23 Q4 FY23 Measurement YoY QoQ Pulp & Paper Commercial Net Leasing Income Rs. Cr. 30 28 7% 30 0 Textiles Particulars Units of Measurement Q1 FY24 Residential Booking Value Rs. Cr. 207 Collection Rs. Cr. 36
Slide 10: Projects Update
9 PROJECTS UPDATE Back Real Estate Birla Navya, Birla Vanya, Birla Alokya, Birla Niyaara, Birla Tisya, Project (Golf Course Extension, (Kalyan) (Whitefield, Bengaluru) (Worli, Mumbai) (Rajajinagar, Bengaluru) Gurugram) Pulp & Paper Project Photo Launch Period Q1 FY20 Q3 FY20 Q3 FY21 Q4 FY22 Q3 FY22
Slide 11: Construction Updates
10 CONSTRUCTION UPDATES Real Estate Pulp & Paper Birla Niyaara Birla Alokya Tower F Tower B Textiles Tower G Tower A Tower E Tower C Tower D Financials Birla Vanya Birla Navya
Slide 12: ESG – Real Estate
11 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – REAL ESTATE Real Estate ENVIRONMENT Birla Estates Celebrated Word Environment Day across all sites Pulp & Paper Participation across all stakeholders 1,371 No. of Sapling Plantation 299 No. of persons participated in Housekeeping Drive 140 Quiz competition pa
Slide 13: British Safety Council Award - 2023
12 BRITISH SAFETY COUNCIL AWARD - 2023 Real Estate Birla Navya, Gurugram has received “Merit Winner Award trophy” from “British Safety Council” during BSC Internal Safety Award 2023 at London. Pulp & Paper Textiles Financials
Slide 14: Birla Niyaara – Iconic Super Luxury Project of the Year
13 BIRLA NIYAARA – ICONIC SUPER LUXURY PROJECT OF THE YEAR Real Estate Birla Niyaara Awarded the “Iconic Super Luxury Project of the Year” by Times Real Estate Pulp & Paper Conclave Awards 2022-23 Textiles Financials
Slide 15: Pulp & Paper
Pulp & Paper Flag bearer in Paper Industry
Slide 16: Key Highlights – Pulp & Paper
15 KEY HIGHLIGHTS – PULP & PAPER Real Estate MAJOR TAKEAWAYS MARKET OUTLOOK • Sales remained low throughout the quarter due to held purchases by customers • Writing & Printing paper (WPP) demand is expected to remain subdued amidst competitive pricing from international mills. despite opening of edu
Slide 17: Q1 FY24: Production & Sales
16 Q1 FY24: PRODUCTION & SALES Real Estate Quarter Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 1,200 1,40,000 -1% -8% -2% 1,20,283 1,20,000 1,16,394 2% 1,000 Pulp & Paper 7% 7,830 1,14,771 -8% 1,12,234 1,
Slide 18: Net Sales Realization (NSR) Movement
17 NET SALES REALIZATION (NSR) MOVEMENT NSR MOVEMENT (INR/TONS) Real Estate 93,751 94,865 94,401 91,546 86,133 87,679 YoY QoQ 84,255 82,705 81,510 5% -1% 77,358 Pulp & Paper YoY QoQ 6% -3% Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Domestic Export NSR AND EBITDA Textiles 87,118 82,093 85,043 83,254 78,
Slide 19: Macros – Q1 FY24
18 MACROS – Q1 FY24 Real Estate SEGMENTAL CONTRIBUTION OVERALL CONTRIBUTION (RS. PER/MT) Q1 FY24 YoY QoQ YoY QoQ YoY QoQ YoY QoQ 140% -3% -93% 216% 58% 55% 53% -28% 82,093 39,445 32,316 33,281 (RS. PER/MT) 28,406 62,285 26,961 Pulp & Paper 19,808 19,464 18,602 17,105 17,383 13,444 TOTAL TOTAL VARIAB
Slide 20: ESG – Pulp & Paper
19 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER Real Estate ENVIRONMENT SOCIAL Pulp & Paper Textiles • For environmental awareness i.e., prevention of single use plastic, • Cleaning & shifting of garbage to trenching ground from Hathi Khana, Rajeev Nagar cotton bags were distributed to public
Slide 21: Textiles
Textiles World’s 2nd and India’s 1st LEED V4 certified Textile Mfg. Co.
Slide 22: Key Highlights – Textiles
21 KEY HIGHLIGHTS – TEXTILES Real Estate MAJOR TAKEAWAYS MARKET OUTLOOK • Textile retail sales continued to remain weak in Q1 FY24. Despite raw material • Textile retail demand is expected to start picking up by Aug’23 with the start prices being low, since demand has been sluggish, most of the Indi
Slide 23: Q1 FY24: Production & Sales
22 Q1 FY24: PRODUCTION & SALES Real Estate Quarter Production Qty (000 mtrs) Sales Qty (000 mtrs) Sales (INR Crs) Capacity Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 400 -5% -19% 12,000 350 10,930 Pulp & Paper -5% 0% 1,034 10,343 10,365 9% 300 10,000 9,555 1,100 1,388 9,
Slide 24: Net Sales Realization (NSR) Movement
23 NET SALES REALIZATION (NSR) MOVEMENT* Avg NSR EBITDA per Mtr % EBITDA (INR / MTR) Real Estate 206 211 215 194 189 YoY QoQ -8% -3% Pulp & Paper 1 0% -4 -2.1% -7 -3.3% -9 -4.5% -15.3% -29 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Export Domestic Textiles 383 380 378 353 351 YoY QoQ -8% -7% YoY QoQ 18
Slide 25: Macros – Q1 FY24
24 MACROS – Q1 FY24 Real Estate FABRIC CONTRIBUTION OVERALL CONTRIBUTION (RS. PER/MTR) Q1 FY24 YoY QoQ YoY QoQ -33% -27% -28% -28% 189 72 72 (RS. PER/MTR) (RS. PER/KG) 52 157 Pulp & Paper 40 37 33 27 TOTAL TOTAL VARIABLE OVERALL NSR COST CONTRIBUTION APPARELS BED LINEN Q1 FY23 Q1 FY24 Q1 FY23 Q4 FY2
Slide 26: ESG – Textiles
25 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – TEXTILES Real Estate ENVIRONMENT SOCIAL GOVERNANCE Pulp & Paper HIGG VERIFIED SCORE IN % 91 90 86 79 80 Textiles 2018 2019 2020 2021 2022 ► Towards Sustainability drive Birla Century ► Awareness program for Women Health & ► Fairtrade USA has upgraded their ac
Slide 27: Financial Summary
Financial Summary Overall average financial performance in Q1 FY24 26
Slide 28: Profit & Loss: Q1 FY24
27 PROFIT & LOSS : Q1 FY24 (INR CRORES) Real Estate Particulars Q1 FY23 Q4 FY23 Q1 FY24 YoY % QoQ % Continuing Operations Total Income 1,194 1,218 1,125 -6% -8% Total Sales 1,172 1,186 1,106 -6% -7% Pulp & Paper Total EBITDA 143 131 129 -10% -1% Less: Finance cost 11 14 13 18% -7% Less: Depreciation
Slide 29: Cash Flow – Q1 FY24
28 CASH FLOW – Q1 FY24 (RS. IN CRORES) Real Estate No Particulars Textile Rayon Pulp & Paper Birla Estates H.O. Grand Total EBITDA -12 14 144 -12 0 134 MAT/ Advance Tax Paid -7 -17 -24 Collections 369 369 Pulp & Paper Project Development Cost** -1109 -1109 Net Change in Working Capital 6 -18 -17 -30
Slide 30: Cash Flow: Q1 FY24
29 CASH FLOW : Q1 FY24 Real Estate (INR CRORES) Increase Decrease Total 369 Project Land Cost (Crs.) Sangamwadi, Pune 381 Walkeshwar, Mumbai 172 Sarjapur, Bengaluru 313 134 Pulp & Paper Total Cost 866 -24 Textiles -1,109 -58 -22 -13 15 5 -95 -18 -816 A aid ns ge x st L ev. ) w ms nd KP pe ITD Flo er
Slide 31: Outstanding Loan
30 OUTSTANDING LOAN (RS. IN CRORES) Real Estate 1,935@7.48% - 1,415@6.94% 1,308@6.70% Pulp & Paper 1,039@7.45% 686 LTL - 7.85% 143 STL - 7.59% LTL - 8.70% 56 LTL - 6.85% 528 450 199 STL - 6.02% STL - 8.33% Textiles STL - 3.60% NCD - 7.16% 1,050 372 NCD - 7.07% 650 650 NCD - 6.77% NCD - 7.65% 400 BEP
Slide 32: Financial Performance
31 FINANCIAL PERFORMANCE Real Estate REVENUES* (RS. IN CRORES) EBITDA (RS. IN CRORES) PAT# (RS. IN CRORES) 378 689 (RS. IN CRORES) 4,827 600 267 4,174 3,423 487 2,616 154 Pulp & Paper 285 1,125 134 -15 -7 FY20 FY21 FY22 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 FY20 FY21 FY22 FY23 Q1 FY24 # PAT repre
Slide 33: Thank You
32 Bringing our century old legacy and expertise into all our businesses while focusing on sustainability, customer centricity, technology and innovation to be future ready Thank You
Century Textiles and Industries — Q1 FY24 Earnings Presentation on 6ix