Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q1 FY22 Earnings Presentation
44 slides from Aditya Birla Real Estate's earnings presentation, Jul 28, 2021
Slide 1: Cover letter to stock exchanges
CENTURY Textiles and Industries Limited REGD. OFFICE : "CENTURY BHAVAN", DR. ANNIE BESANT ROAD, WORLI, MUMBAl-400 030. INDIA. TEL.:+91-22-2495 7000 FAX:+91-22-2430 9491,+91-22-2436 1980 E-Mail: ctil.ho@birlacentury.com Website: www.centurytextind.com CIN-L17120MH1897PLC000163 OUR REF.: SH/XII/2021 2
Slide 2: Earnings Presentation – Q1 FY22
Century Textiles and Industries Limited Earnings Presentation – Q1 FY22
Slide 3: Table of Contents
2 TABLE OF CONTENTS Summary Real Estate Pulp and Paper Textiles Financials
Slide 4: Q1 FY22 Key Operational Highlights
3 Q1 FY22 KEY OPERATIONAL HIGHLIGHTS • Overall, a healthy turnaround in financial performance driven by high operating efficiencies despite 2nd wave of COVID - 19 • Real Estate business sustained revenues due to stable collections and back of strong customer connect and outreach • Pulp and Paper Bus
Slide 5: Company Overview
4 COMPANY OVERVIEW • Incorporated in 1897, Century Textiles and Industries Limited (CTIL) has evolved from a single unit textile mill into a diversified conglomerate under the visionary leadership of Mr. B. K. Birla. • The company’s 123-years-old legacy is built on a steadfast commitment to the deve
Slide 6: Quarterly Consolidated Performance at a Glance
5 QUARTERLY CONSOLIDATED PERFORMANCE AT A GLANCE (RS. IN CRORES) TURNOVER EBITDA & EBITDA MARGINS PAT 117 I 832 ~ ~ 394 30 ~I 14.1% 25 7.6% i Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 - Q1 FY21 -36 Q1 FY22 Summary TTM QUARTERLY PERFORMANCE 820 832 758 596 14.4% 14.1% 11.1% 9.8% 394 7.6% - - 30 66 -10 109 1111
Slide 7: Q1 FY22 Segment Wise Consolidated Performance
6 Q1 FY22 SEGMENT WISE CONSOLIDATED PERFORMANCE (RS. IN CRORES) REAL ESTATE PAPER AND PULP TEXTILES 50.0% 36 577 205 36.1% 34 30.0% 17.6% 1.0% 10.0% 300 16.6% -10.0% - 13 42 9.3% -30.0% 2 6 28 l 96 -57.1% -24 -50.0% - - - -70.0% - - - Q1 FY21 Q1 FY22 - - - Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Summary Rev
Slide 8: Real Estate
BIRLA ESTATES Real Estate Over 36 lakh sq. ft. under construction across 3 projects
Slide 9: Executive Summary - Real Estate
8 EXECUTIVE SUMMARY - REAL ESTATE • The B. K. Birla Group forayed into the real estate sector in 2016 Real Estate under the brand name ‘Birla Estates’. REVENUE (RS. IN CRORES) • The company is focused on developing land parcels owned by the 159 Group, as well as growing the business with joint devel
Slide 10: Step Towards More Focus on Growing Business
9 STEP TOWARDS MORE FOCUS ON GROWING BUSINESS BIRLA ESTATES Real Estate Strong Vision & Strategy ■ - Opportunities Pulp & Paper Strengths r;;a Leveraging: Encash on: Strong focus on: ma • Rapid urbanization and nuclearization of • Maintaining a capital efficient, asset light • The Birla Brand famili
Slide 11: Q1 FY22 Key Operational Highlights – Real Estate
10 Q1 FY22 KEY OPERATIONAL HIGHLIGHTS – REAL ESTATE Real Estate • Key Approvals for various projects on track • Considerable improvement in collections all ■ - = across during Q1 FY22 on the back of strong Pulp & Paper customer connect and outreach • Site Operations had slightly slowed down due to L
Slide 12: Market Outlook – Real Estate
11 MARKET OUTLOOK – REAL ESTATE Real Estate Economic activity expected to gain momentum over the coming quarters led by favourable monetary conditions, abundant liquidity and optimism from the vaccine rollout Landowners and smaller developers will continue to partner with reputable developers th
Slide 13: Geographical Presence
12 GEOGRAPHICAL PRESENCE Real Estate (C) - Commercial (R) Residential ■ -- Golf Course Extension, Pulp & Paper Gurugram, NCR BIRLA CENTURION (C) BIRLA NAVYA & GROUP HOUSING (R) r;;a Worli, Mumbai Kalyan, Maharashtra ma Textiles _ E_STATES BIRLA Whitefield, Bengaluru BIRLA AURORA (C) Magadi Road, Ben
Slide 14: Summary of Product Portfolio
13 SUMMARY OF PRODUCT PORTFOLIO Real Estate COMMERCIAL Name of the Project Location Area (Lakh sq. ft) No. of Storeys Annual Leasing Revenues Birla Aurora 2.6 22 Worli Approx Rs. 125 Cr I Birla Centurion ---~ 3.5 12 ■ - = RESIDENTIAL Pulp & Paper Cumulative Revenue Project Area Saleable Area Booking
Slide 15: Residential & Commercial Sales Highlights
c,,,;!~ 14 RESIDENTIAL & COMMERCIAL SALES HIGHLIGHTS ~!Ht BIRLA _ _ _E_STATES Real Estate Particulars UOM Q1 FY22 Q1 FY21 % chg YoY Q4 FY21 % chg QoQ ■ - = Commercial Pulp & Paper Leasing Income Rs. Cr. 30.8 31.5 -2% 29.8 3% r;;a ma Average Rent Realisation Rs./sft 156.4 160.3 -2% 148.6 5% (BA&BC) :
Slide 16: Birla Vanya, Kalyan – Project Update
15 BIRLA VANYA, KALYAN – PROJECT UPDATE (LAUNCHED – Q1 FY20) Real Estate Location Shahad, Kalyan Area 22 acres ■ - = Pulp & Paper 13.12 lakh sq. ft. Saleable Area Phase 1 – 5.24 lakh sq. ft. launched r;;a Revenue Potential Rs. 1,134 Crs ma Tower B Tower A Tower G Tower F Residential – 1 BHK, 2 BHK,
Slide 17: Birla Alokya, Bengaluru – Project Update
16 BIRLA ALOKYA, BENGALURU (Outright) - PROJECT UPDATE (LAUNCHED - Q3 FY20) Real Estate Location Soukya Road, Bengaluru ■ - = Area 8.1 acres Pulp & Paper Saleable Area 5.47 lakh sq. ft. r;;a ma Revenue Potential Rs. 393 Crs Textiles Product Type Residential – 3-Bed and 4-Bed Villaments ■ Cumulative
Slide 18: Birla Navya, Gurugram (JV) – Project Update
17 BIRLA NAVYA, GURUGRAM (JV) – PROJECT UPDATE Real Estate Location Sector 63 A, Gurugram, NCR Area 65 acres Pulp & Paper 36.5 lakh sq. ft. Saleable Area Phase 1 – 5.7 lakh sq. ft. launched Revenue Potential Rs. 4,415 Crs * r;;a ma Product Type Residential – 2 BHK, 3 BHK & 4 BHK Textiles Launch Year
Slide 19: ESG – Real Estate
18 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – REAL ESTATE BIRLA ESTATES Real Estate ENVIRONMENT SOCIAL Check Dam Construction at Adivali Village, Kalyan ■ - Background: As part of the CER initiatives for Birla Vanya project, Birla Estates teamed up with Rotary Pulp & Paper Foundation to build a check dam
Slide 20: Pulp & Paper
Pulp & Paper Flag bearer in Paper Industry
Slide 21: Pulp & Paper - Executive Summary
20 PULP & PAPER - EXECUTIVE SUMMARY CENTURY PLP&PAEJt Real Estate • Century Pulp and Paper (CPP) is a producer of excellent quality writing and printing paper, and a leading manufacturer of tissue and board, as well as Rayon Grade Pulp (RGP) products. • Established in 1984, with relentless focus on
Slide 22: Step Towards More Focus on Growing Business
21 STEP TOWARDS MORE FOCUS ON GROWING BUSINESS CENTURY PuLP & PA EJt Real Estate Strong Vision & Strategy ■ - Opportunities Pulp & Paper • Strengths r;;a Encash on: ma Leveraging: Strong focus on: • India’s only integrated Pulp & Paper mill • Growth in tissue paper demand due to providing comprehens
Slide 23: Q1 FY22 Key Operational Highlights – Pulp & Paper
22 Q1 FY22 KEY OPERATIONAL HIGHLIGHTS – PULP & PAPER CENTURY p & PA Jt Real Estate ■ - z I.LI Pulp & Paper I.LI IX t, r;;a ma • Demand for WPP impacted during April & May, due to imposition of country-wise lockdown. However, from June, demand Textiles has seen improvement • Strong Order flow for Boa
Slide 24: Market Outlook – Pulp & Paper
23 MARKET OUTLOOK – PULP & PAPER Real Estate • Due to closure of major paper consumption centers and in anticipation of Third wave from mutated Covid-19, order flows in ‘Writing & Printing Paper’ are expected to be volatile in the domestic market in the near term ■ - • Due to Covid-19, public in gen
Slide 25: Q1 FY22 Production & Sales
24 Q1 FY22 PRODUCTION & SALES CENTURY PuLP & PAfEJt Real Estate 1,21,500 1,13,703 577 ■ 99,895 - 23 Pulp & Paper 7,830 71 18,000 11,268 4,047 10,846 63,495 54,725 10,286 r;;a 300 274 ma 45,000 3,826 45,721 2 29 45,695 4,965 359 Textiles 4,175 128 27,651 23,286 50,670 45,868 208 ■ 39,867 27,053 26,90
Slide 26: Macros
25 MACROS CENTURY PuLP & PAfEJt Real Estate NSR MOVEMENT (INR/ TONS) 58,255 . 55,062 52,594 52,093 1- 1- 1 YoY QoQ ■ 51,900 55,885 - 52,385 • • 6% 12% -- Pulp & Paper 49,052 YoY QoQ 47,341 45,183 1 7% I 18% I - Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 r;;a Domestic Export ma OVERALL CONTRIBUTION Text
Slide 27: ESG – Pulp & Paper
26 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER Real Estate ENVIRONMENT SOCIAL GOVERNANCE Pulp & Paper Good vernan Textiles ■ ► During summer season, falling of dry Perul (Pine tree leaves) in hill areas of ► 75 nos. Hand Sanitizer machines & 8,428 nos. face masks distributed at milk collectio
Slide 28: Textiles
Textiles World’s 2nd and India’s 1st LEED V4 certified textile mfg co.
Slide 29: Executive Summary – Century Textiles
28 EXECUTIVE SUMMARY – CENTURY TEXTILES Real Estate • Century Textiles and Industries Limited (CTIL), was incorporated in Mumbai, India, in 1897. A state-of-the-art, vertically integrated plant, Birla Century (A Division of CTIL) was set up at Jhagadia, Bharuch, Gujarat, in the year 2008, using the
Slide 30: Step Towards More Focus on Growing Business
29 STEP TOWARDS MORE FOCUS ON GROWING BUSINESS Real Estate Advantages ■ - Growth Drivers Pulp & Paper Strengths ~ • State-of-the-Art Vertically Integrated lliil • US-China trade war has increased demand • Increased penetration of organised Plant (Fibre to Finishing) of Indian products in USA retail,
Slide 31: Q1 FY22 Key Operational Highlights – Textiles
30 Q1 FY22 KEY OPERATIONAL HIGHLIGHTS– TEXTILES Real Estate ■ - Pulp & Paper r;;a ma Textiles • Demand for Home Textiles continues to do good because of people spending more time in home and looking for upgrade in home furnishings • Margins are under pressure in Home Textiles since brands are emphas
Slide 32: Market Outlook - Textiles
31 MARKET OUTLOOK - TEXTILES Real Estate • The textile market on an average operated around 75% capacity in Q1 FY22 but inventories got built up at factory level • Expect business to come back to normal by upcoming festive season on back of vaccination drive running in full swing ■ • Sustainable ran
Slide 33: Macros – Q1 FY22
32 MACROS – Q1 FY22 Real Estate CLOTH – CAPACITY UTILISATION NET SALES REALISATIONS OVERALL CONTRIBUTION (RS. PER/MTR) 9,371 --15% 80% YoY -14% QoQ 18% YoY -1% QoQ 1% Q1 FY22 (RS. PER/MTR) ■ 7,616 248 250 245 (000 MTRS) - 204 175 148 194 Pulp & Paper -1,409 PRODUCTION - CLOTH ■ PRO RATA CAPACITY ■ Q
Slide 34: Sales – Q1 FY22
33 SALES – Q1 FY22 Real Estate CLOTH BED SHEETS YARN OTHERS NET SALES QUANTITY NET SALES QUANTITY NET SALES QUANTITY ■ - = 916,277 629 5,984 (NO. OF SETS) Pulp & Paper (000 MTRS) (TONS) 1,426 151 66,961 r;;a Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 Q1 FY21 Q1 FY22 ma Textiles NET SALES NET SALES NET SALES NE
Slide 35: ESG - Textiles
34 ENVIRONMENT SOCIAL GOVERNANCE (ESG) - TEXTILES Real Estate ENVIRONMENT SOCIAL ■ 7 - qt,i-,.i(O'nJ>.Jh.imr.1u.i1 Pulp & Paper ~~~pmp;,r,"'l.rrl 9'ti(tn1f>.l•dU/JUI Sa(, ToJay = Safa %morrow ' Textiles ■ ► ATFD (Agitated Thin Film Dryer) for evaporation of water from ► Covid-19 and Vaccination Awar
Slide 36: Financial Summary
Financial Summary 35
Slide 37: Profit & Loss – Q1 FY22
36 PROFIT & LOSS – Q1 FY22 Real Estate (RS. IN CRORES) Q1 FY 22 Variance Q on Q .. Variance Y on Y - Particulars Q1 FY 21 Q4 FY 21 Actual Amount ....% ...: Amount .... % Continuing Operations Sales ■ = Textiles 42 200 205 5 2% 163 388% Pulp & Paper 300 566 577 11 2% 277 92% Pulp & Paper Real Estate
Slide 38: Cash Flow – Q1 FY22
37 CASH FLOW – Q1 FY22 Real Estate (INR. IN CRORES) Pulp & Birla Yarn & Grand Particulars Textile Rayon H.O. Sub Total Paper Estates Denim Total EBITDA 2 13 96 6 - 117 (6) 111 ■ - Advance received on sale of Yarn and Denim unit - 7 7 Pulp & Paper MAT Paid (6) (6) (6) Collections 48 48 48 Project Dev
Slide 39: Cash Flow – Q1 FY22 (INR Crores)
38 CASH FLOW – Q1 FY22 (INR CRORES) Real Estate 48 111 7 -6 ■ - Pulp & Paper ■ ' -328 Textiles -90 8 -11 -274 -13 ■ Financials ■ Increase ■ Decrease ■ Total
Slide 40: Statement of Outstanding Loan
39 STATEMENT OF OUTSTANDING LOAN Real Estate (INR CRORES) O/s as on O/s as on O/s as on Particulars 31-12-2020 31-03-2021 30-06-2021 ■ - Long Term Loans 580 578 526 Pulp & Paper Average Rate of Interest 6.85% 6.85% 6.85% Short Term and Working Capital Loans 79 3 372 Average Rate of Interest 3.07% 4.
Slide 41: Outstanding Loan
40 OUTSTANDING LOAN Real Estate 1,362 @ 6.21% 1,091 @ 6.88% 64 ■ BEPL- 7.20% 32 1,025 @ 7.17% ■ - 44 - ■ BEPL- 7.20% 400 Pulp & Paper ■ BEPL- 7.25% 400 ■ NCD- 7.65% 400 ■ NCD- 7.65% ■ NCD- 7.65% ■ ' 79 372 3 ■ STL- 3.60% Textiles ■ STL- 4.00% ■ STL- 3.07% 580 578 ■ ■ LTL- 6.58% ■ LTL- 6.85% ■ LTL- 6
Slide 42: Financial Performance
41 FINANCIAL PERFORMANCE Real Estate REVENUES (RS. IN CRORES) EBITDA (RS. IN CRORES) PAT (RS. IN CRORES) 1,061 3,947 3,944 499 3,423 851 ■ 378 - 2,616 600 280 Pulp & Paper FY18 FY19 FY20 I• FY21 832 Q1 FY22 FY18 FY19 I• ·- FY20 285 FY21 117 Q1 FY22 I FY18 FY19 FY20 -15 FY21 25 Q1 FY22 ■ ' Textiles N
Slide 43: Disclaimer
42 DISCLAIMER Century Textiles and Industries Limited 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 the information or opinions contained in this presentation. Such information and opinion
Slide 44: Thank You
43 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
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