Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q3 FY24 Earnings Presentation
46 slides from Aditya Birla Real Estate's earnings presentation, Feb 2, 2024
Slide 1: Exchange filing cover letter for Earnings Presentation
ADITYA BIRLA CENTURY SH/XII/2023 02°d February, 2024 Corporate Relationship Department Listing Department BSELimited National Stock Exchange of India Limited 1st Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, 5 th floor, Dalal Street, Fort, Bandra-Kurla Complex Mumbai-400 001 Bandra (East), Mumbai
Slide 2: Q3 FY24: Earnings Presentation
Century Textiles and Industries Limited Q3 FY24: Earnings Presentation
Slide 3: Table of Contents
2 TABLE OF CONTENTS Summary Real Estate Pulp and Paper Textiles Financials
Slide 4: Q3 FY24: Key Operational Highlights
3 Q3 FY24: KEY OPERATIONAL HIGHLIGHTS Strong performance in this quarter by the company in all its operational and financial parameters with multifold rise in EBITDA and PAT (343% QoQ) Excellent performance by Real Estate (115% QoQ) and great performance by Pulp & Paper segment (10% QoQ) despite sti
Slide 5: Quarterly Consolidated Performance at a Glance
4 QUARTERLY CONSOLIDATED PERFORMANCE AT A GLANCE (RS. IN CRORES) TURNOVER EBITDA & EBITDA MARGINS PAT 124% 1013% 3% 80 1,150 1,179 204 1,087 8% 3% - 17.3% % 34 7 343 91 46 7.9% 4.2% -33 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Summary TTM QUARTERLY PERFORMANCE 1,150 1,
Slide 6: Quarterly Segment-wise Consolidated Performance
5 QUARTERLY SEGMENT-WISE CONSOLIDATED PERFORMANCE (RS. IN CRORES) REAL ESTATE PULP AND PAPER TEXTILES 139% 2% -17% 73.0% 86 237 235 863 881 -16% 5% 63 799 10% 197 11 -3.0% 36 40 15.0% 11.6% -8.5% -36.1% Q3 FY23 -13 -55.0% Q2 FY24 -22 Q3 FY24 - .. - 100 9.5% 76 132 -7 Q3 FY23 - -20 Q2 FY24 Q3 FY24 -
Slide 7: 9 Months Consolidated Performance
6 9 MONTHS CONSOLIDATED PERFORMANCE (RS. IN CRORES) TURNOVER EBITDA & EBITDA MARGINS PAT 3,533 122 3,373 424 -5% -9% -67 % 384 40 12.0% 11.4% 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 Summary REAL ESTATE PAPER AND PULP TEXTILES 729 5 0 . % 2,662 -5% -11% 2,516 651 164 4 0 . % 61% 18.5% 3 0 . %
Slide 8: Real Estate
ADITYA BIRLA REAL ESTATE Real Estate Over 76 lakh sq. ft. under construction across 6 projects As on 31st December 2023
Slide 9: Key Highlights – Real Estate
8 KEY HIGHLIGHTS – REAL ESTATE Real Estate t MAJOR TAKEAWAYS I I MARKET OUTLOOK I I § Birla Navya, Gurugram received “National EHS Award” from I § The Indian real estate sector continues to experience consistent ■ - - Global Safety Summit (GSS) hosted by World Safety forum, I growth owing to robust
Slide 10: Awards and Recognitions
9 AWARDS AND RECOGNITIONS BIRLA ESTATES Real Estate § Birla Navya, Gurugram has achieved the “National EHS Award” at the GSS (Global Safety Summit) hosted by World Safety Forum, London. ■ - Pulp & Paper ■ ' Textiles ■ Financials 1; MERIDIEN NEW DELHI no~2~3 •••• GSS :::: • • • • - L; MERIDIEN NEW DE
Slide 11: Our Presence
10 OUR PRESENCE Focus on 4 key Regions Real Estate Birla Vanya, Kalyan Birla Navya, Golf Course Extension Road Birla Niyaara, Worli ■ - - IHP, Mathura Road Walkeshwar, South Mumbai NCR Pulp & Paper Hindalco, Thane Birla Centurion, Commercial, Worli Birla Aurora, Commercial, Worli Wellesley Road, Pun
Slide 12: Residential Portfolio
11 RESIDENTIAL PORTFOLIO BIRLA ESTATES 5 projects with a GDV of INR 16,000 Crore added Real Estate Ongoing/Launched Projects Forthcoming Projects ■ 0% 8% - 11 23 % % Pulp & Paper 41% Saleable Area 5 mn. 19 mn. 45% sq. ft. sq. ft. % 36 % ■ 36 ' Textiles 6% 20 10 % ■ Gross Development Value % 7,500 16
Slide 13: Operational Highlights – 9M FY24
12 OPERATIONAL HIGHLIGHTS – 9M FY24 Real Estate Booking Value Collections Area Sold ■ - - INR 1,104 Crore INR 802 Crore 1.11 mn. Sq. ft. Pulp & Paper ■ ' Textiles Net Leasing Net Total Income EBITDA Income ■ INR 182 Crore INR 86 Crore INR 29 Crore Financials
Slide 14: Operational Highlights – Q3 FY24
13 OPERATIONAL HIGHLIGHTS – Q3 FY24 Real Estate Booking Value Collections Area Sold ■ - - INR 189 Crore INR 182 Crore 0.14 mn. Sq. ft. Pulp & Paper ■ ' Textiles Net Leasing Net Total Income EBITDA Income ■ INR 120 Crore INR 27 Crore INR 63 Crore Financials
Slide 15: Projects Update
14 PROJECTS UPDATE Real Estate Birla Vanya, Birla Alokya, Birla Navya, Project (Kalyan) (Whitefield, Bengaluru) (Golf Course Extension, Gurugram) Project Photo Pulp & Paper Launch Period Q1 FY19-20 Q3 FY19-20 Q3 FY20-21 Land Area 22 acres 8 acres 48 acres Share 100% 100% 50% Textiles 18.5 lakh sqft
Slide 16: Projects Update
15 PROJECTS UPDATE Real Estate Birla Niyaara, Birla Tisya, Birla Trimaya, Project (Worli, Mumbai) (Rajajinagar, Bengaluru) (Devanahalli, Bengaluru) Project Photo Pulp & Paper Launch Period Q4 FY21-22 Q3 FY21-22 Q2 FY23-24 Land Area 14 acres 5 acres 52 acres Share 100% 40% 53% Textiles Total Saleable
Slide 17: Region Wise Information
16 REGION WISE INFORMATION Real Estate CITY WISE HISTORICAL PRE-SALES (IN CRORES) Area (Mn. Sq. Ft.) 127 678 407 1.17 ■ - 245 97% - NCR 223 1.13 Pulp & Paper 14 1,379 1,260 558 483 108 341 107 323 31 FY 19-20 FY 20-21 FY 21-22 FY 22-23 9M - FY 23-24 1.92 ■ Mumbai ■ Bangalore - -~•--1 NCR I_I ■ Banga
Slide 18: Key Performance Index
17 KEY PERFORMACE INDEX BIRLA ESTATES Real Estate Booking Value (Rs. Cr) Collection Value (Rs. Cr) Ongoing Projects (MSF) as on Dec 2023 2,183 861 802 1,913 ■ = 3.8 Pulp & Paper 1,104 4.8 351 10.5 621 464 154 84 - 1.8 ■ FY 19-20 FY 20-21 FY 21-22 FY 22-23 9MFY23-24 FY 19-20 FY 20-21 FY 21-22 FY 22-2
Slide 19: Construction Updates
1s CONSTRUCTION UPDATES Real Estate -ca- G> ca ,n w G> 0:: Pulp & Paper 11,.,. Q) a. ~ a.. ~ -a..a. ::::, Textiles u, m Financials ·o C co C: u::
Slide 20: Project Launches and Deliveries
19 PROJECT LAUNCHES AND DELIVERIES Real Estate • Launched/To be Launched □ Ongoing Wellesley Rd., Pune Sarjapur, B’lore Birla Niyaara (P3) ■ • Delivery Stage Birla Niyaara (P2) Walkeshwar, MMR I Birla Niyaara (P2) I Pulp & Paper Walkeshwar, MMR I I Devanahalli, B’lore Devanahalli, B’lore I I RR Naga
Slide 21: ESG – Real Estate
20 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – REAL ESTATE BIRLA ESTATES ·- Real Estate ENVIRONMENT SOCIAL Birla Aurora has completed a 100% transition and Birla A 5-day training, testing and certification program organized for Centurion has achieved a 38% shift to green energy, the workers from different
Slide 22: Pulp & Paper
Pulp & Paper Flag bearer in Paper Industry
Slide 23: Key Highlights – Pulp & Paper
22 KEY HIGHLIGHTS – PULP & PAPER Real Estate MAJOR TAKEAWAYS MARKET OUTLOOK • In Q3 FY24 both overall production and sales volumes increased by 16% and • Writing & Printing paper demand is expected to stabilize due to government 11% respectively over the previous quarter. Sales turnover increased by
Slide 24: Q3 FY24: Production & Sales
23 Q3 FY24: PRODUCTION & SALES CENTURY PuLP I Pl.~EI Real Estate Quarter Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 Q3 FY23 Q2 FY24 Q3 FY24 1,200 1,40,000 12% 24% 2% ■ = 1,20,283 1,24,606 11% l 1,000 I 16% 4% 4,581 1,18,962 Pul
Slide 25: 9M FY24: Production & Sales
24 9M FY24: PRODUCTION & SALES Real Estate 9M Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity 9M FY23 9M FY24 9M FY23 9M FY24 9M FY23 9M FY24 4,50,000 3,000 ■ - 4,00,000 2,662 -5% 2,516 Pulp & Paper 105 4% 3,60,848 1% 2,500 33 1% 7% 3,42,992 ► 3,46,496 367 14% 3,50,000 23,490 5%
Slide 26: Net Sales Realization (NSR) Movement
25 NET SALES REALIZATION (NSR) MOVEMENT CENTURY PuLP I Pl.~EI NSR MOVEMENT (INR/TONS) Real Estate 94,865 94,401 ■ 91,546 ■ ■ . = 87,679 • c::::::::: 82,705 ,- 81,510 78,680 ' 72,015 76,097 --.111---~----- ~ 71,902 ~-YoY QoQ . -18% I -0% I -- Pulp & Paper YoY QoQ l -20% l -3% I - Q3 FY23 Q4 FY23 Q1 F
Slide 27: Macros – Q3 FY24
26 MACROS – Q3 FY24 CENTURY PuLP I Pl.~EI Real Estate SEGMENTAL CONTRIBUTION OVERALL CONTRIBUTION (RS. PER/MT) Q3 FY24 YoY QoQ YoY QoQ YoY QoQ YoY QoQ -28% -3% 181% 411% 248% -5% -37% 23% 72,189 32,460 ■ 25,608 (RS. PER/MT) - 24,347 23,401 57,617 20,483 Pulp & Paper 17,411 14,572 16,871 16,635 TOTAL
Slide 28: ESG – Pulp & Paper
27 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER CENTURY Real Estate ENVIRONMENT SOCIAL ■ - Pulp & Paper Textiles • Our dedicated team is working to increase plantation through farmers in • RCC road, building construction & fixing of entry gate work carried out at Government our catchment area
Slide 29: Textiles
Textiles World’s 2nd and India’s 1st LEED V4 certified Textile Mfg. Co. •
Slide 30: Key Highlights – Textiles
29 KEY HIGHLIGHTS – TEXTILES Real Estate MAJOR TAKEAWAYS MARKET OUTLOOK • In Q3 FY24, both overall production and sales volumes decreased by 4% and • The textile sector demand is expected to remain stable sustaining moderate ■ 11% respectively over previous quarter. Sales turnover also decreased by
Slide 31: Q3 FY24: Production & Sales
30 Q3 FY24: PRODUCTION & SALES Real Estate Quarter Production Qty (000 mtrs) Sales Qty (000 mtrs) Sales (INR Crs) 12,000 Capacity l Q3 FY23 Q2 FY24 -7% Q3 FY24 l Q3 FY23 Q2 FY24 -11% Q3 FY24 300 Q3 FY23 Q2 FY24 Q3 FY24 -17% ■ = 9,824 9,834 -11% 10,000 9,450 250 237 235 -16% Pulp & Paper 1,647 1,780
Slide 32: 9M FY24 Production & Sales
31 9M FY24 PRODUCTION & SALES Real Estate Half-Year Production Qty (000 mtrs) Sales Qty (000 mtrs) Sales (INR Crs) 35,000 Capacity 9M FY23 9M FY24 I 9M FY23 9M FY24 800 9M FY23 729 9M FY24 -2% -11% 29,954 ■ 700 - 30,000 28,350 29,383 100 14% 651 2,993 -4% 10% 4,204 Pulp & Paper 5,400 25,633 14% 600
Slide 33: Net Sales Realization (NSR) Movement
32 NET SALES REALIZATION (NSR) MOVEMENT* ■ Avg NSR ■ EBITDA per Mtr % EBITDA (INR / MTR) Real Estate 215 207 184 182 191 ■ YoY QoQ -11% -8% Pulp & Paper -3% -4% -15% -10% -13% -7 -8 -28 -20 -25 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 ■ 380 378 -+- Export - Domestic Textiles 351 344 336 YoY QoQ I -12
Slide 34: Macros – Q3 FY24
33 MACROS – Q3 FY24 t BIRLA C TUR A Qo, s,oo of Ceotmy T«t<I~ ,~ y lndl1Str1es L rn1t Real Estate FABRIC CONTRIBUTION OVERALL CONTRIBUTION (RS. PER/MTR) Q3 FY24 YoY QoQ YoY QoQ -47% -36% -47% -31% ■ - 76 191 - (RS. PER/MTR) 58 (RS. PER/KG) Pulp & Paper 39 32 40 176 - 15 21 I 11 I APPARELS BED LINEN
Slide 35: ESG – Textiles
34 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – TEXTILES Real Estate ENVIRONMENT SOCIAL GOVERNANCE Blrla Contury ADlvlllon of Conlury HohtnsttlnTtxllltTtlffl'!I hutlMt Toxlllts tlndustrl•Limltld GmbHtCo.KG Plot No, 826, GIDC Industrial Estalt 743,/ B6M/ght/m ■ Jllagod~ Gtrmony Gujarat - Bharuch- 393 TIO, I
Slide 36: Financial Summary
Financial Summary Excellent financial performance in Q3 FY24 as compared to Q2 FY24 35
Slide 37: Profit & Loss: Q3 FY24
36 PROFIT & LOSS : Q3 FY24 (INR CRORES) Real Estate Particulars Q3 FY23 Q2 FY24 Q3 FY24 YoY % QoQ % Continuing Operations Total Income 1,173 1,115 1,298 11% 16% ■ - Total Sales 1,150 1,087 1,179 3% 8% Pulp & Paper Total EBITDA 91 46 204 124% 343% Less: Finance cost 13 17 16 20% -9% Less: Depreciatio
Slide 38: Profit & Loss: 9M FY24
37 PROFIT & LOSS : 9M FY24 (INR CRORES) Real Estate Particulars 9M FY23 9M FY24 YoY % Continuing Operations Total Income 3,609 3,539 -2% ■ - Total Sales 3,533 3,373 -5% Pulp & Paper Total EBITDA 424 384 -9% Less: Finance cost 40 46 14% Less: Depreciation 170 179 5% ■ ' PBT (Excl. Exceptional Item) 2
Slide 39: Cash Flow – Q3 FY24
38 CASH FLOW – Q3 FY24 Real Estate (RS. IN CRORES) No Particulars Textile Rayon Pulp & Paper Birla Estates H.O. Grand Total EBITDA (19) 28 132 63 204 Exceptional Item 0 ■ - MAT Paid (13) (32) (45) Pulp & Paper Collections 182 182 Project Development Cost (559) (559) Income Tax Refund 23 23 Net Chang
Slide 40: Cash Flow: Q3 FY24
39 CASH FLOW : Q3 FY24 Real Estate (INR CRORES) ■ Increase ■ Decrease ■ Total 182 ■ 204 - -- - Pulp & Paper -45 ■ ' 23 Textiles -559 2 20 ■ -180 -380 -26 Financials Exceptional Item Collections Income Tax Refund Capex Interest (bond) EBITDA MAT Paid Proj. Dev. Cost Wcap Change Interest Free Cash Flo
Slide 41: Cash Flow – 9M FY24
40 CASH FLOW – 9M FY24 Real Estate (RS. IN CRORES) No Particulars Textile Rayon Pulp & Paper Birla Estates H.O. Grand Total EBITDA-Normal Business -52 54 352 30 384 Exceptional Item -18 -18 ■ MAT Paid -34 -56 -90 - Dividend Paid ( Including Tax) -56 -56 Pulp & Paper Collections 802 802 Project Devel
Slide 42: Cash Flow: 9M FY24
41 ' - Financials Textiles Pulp & Paper Real Estate ■ ■ ■ EB ITD A- No rm al B usi ne ss 384 Ex c ep tio na l It em -18 MA T Pa CASH FLOW : 9M FY24 id -90 Div ide nd -56 Co lle ctio ns 802 Pro j. D ev. Co st Inc -1,939 om eT ax Re fun d 23 Wc ap Ch ang e 40 ■ Increase ■ Decrease ■ Total Ca pe x -83
Slide 43: Outstanding Loan
42 OUTSTANDING LOAN (RS. IN CRORES) Real Estate 2356@8.03% 50 2243@7.938% ■ LTL - 8.60% ■ LTL - 8.60% ■ - - Pulp & Paper 1,050 1,050 ■ STL - 8.11% 1,399@7.42% ■ NCD - 7.16% ■ LTL - 6.80% 100 1,039@7.45% ■ ' ■ LTL - 8.70% 56 470 199 Textiles ■ STL - 5.47% ■ NCD - 7.37% ■ STL - 8.33% ■ BEPL - 8.6% 1,1
Slide 44: Financial Performance
43 FINANCIAL PERFORMANCE (For Earnings Presentation Only) REVENUES* (RS. IN CRORES) EBITDA (RS. IN CRORES) PAT# (RS. IN CRORES) 378 Real Estate 689 4,827 600 267 . 4,174 . 3,423 3,373 487 ■ 2,616 384 154 285 40 (RS. IN CRORES) : -15 - - FY20 FY21 FY22 FY23 9M FY24 FY20 FY21 FY22 FY23 9M FY24 Pulp &
Slide 45: Disclaimer
44 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 46: Thank You
45 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 — Q3 FY24 Earnings Presentation on 6ix