Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q4 FY22 Earnings Presentation
51 slides from Aditya Birla Real Estate's earnings presentation, Apr 25, 2022
Slide 1: Exchange filing cover letter for earnings presentation
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-L 17120MH1897PLC000163 OUR REF.: SH/XII/202
Slide 2: Earnings Presentation – Q4 FY22/FY22
Century Textiles and Industries Limited Earnings Presentation – Q4 FY22/FY22
Slide 3: Table of Contents
2 TABLE OF CONTENTS Summary Real Estate Pulp and Paper Textiles Financials
Slide 4: Q4 FY22 & FY22 Key Operational Highlights
3 Q4 FY22 & FY22 KEY OPERATIONAL HIGHLIGHTS • Overall in FY22, company witnessed a very strong performance in all its operational and financial parameters across businesses, despite disruptions caused due to 2nd and 3rd wave of COVID-19. • A major milestone was accomplished with the successful launc
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 125-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 1,188 133 84 820 81 9.8% 11.2% Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 -4 Q4 FY21 Q4 FY22 Summary TTM QUARTERLY PERFORMANCE 1,188 998 1,050 820 832 14.1% 13.3% 9.8% 10.0% 11.2% -81 -4 -- 117 25 -- 133 32 -
Slide 7: Quarterly Segment Wise Consolidated Performance
6 QUARTERLY SEGMENT WISE CONSOLIDATED PERFORMANCE (RS. IN CRORES) REAL ESTATE PULP AND PAPER TEXTILES 824 308 35 36 566 200 -1.9% 14.1% 14.9% - - - 3.6% -1 -47.1% -17 - l 80 - 123 -4.6% Q4 FY21 -9 Q4 FY22 11 l Summary - - - - - - - - - Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 Rental Income EBITDA EBITDA % Sa
Slide 8: Annual Consolidated Performance
7 ANNUAL CONSOLIDATED PERFORMANCE (RS. IN CRORES) TURNOVER EBITDA & EBITDA MARGINS PAT 4,068 487 154 2,567 285 11.1% 12.0% FY21 FY22 FY21 FY22 -15 FY21 FY22 Summary REAL ESTATE PULP AND PAPER TEXTILES 2,818 1,037 50.0% 40.0% 142 21.7% 139 30.0% 1,774 582 20.0% -15.9% 15.0% 2.8% 10.0% 31 12.5% 424 -8
Slide 9: Real Estate
BIRLA ESTATES Real Estate Over 64 lakh sq. ft. under construction across 5 projects
Slide 10: Executive Summary - Real Estate
9 EXECUTIVE SUMMARY - REAL ESTATE REVENUE (RS. IN CRORES) • The B. K. Birla Group forayed into the real estate sector in 2016 Real Estate under the brand name ‘Birla Estates’. 159 146 142 135 139 • The company is focused on developing land parcels owned by the Group, as well as growing the business
Slide 11: Step Towards More Focus on Growing Business
10 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 famil
Slide 12: Q4 FY22 & FY22 Key Operational Highlights – Real Estate
11 Q4 FY22 & FY22 KEY OPERATIONAL HIGHLIGHTS – REAL ESTATE Real Estate • Launched flagship project ‘Birla Niyaara’ at Worli, Mumbai which received an overwhelming market response of sales of approx. Rs. 1,238 Crs since ■ - launch making it one of the most successful launches = in Mumbai Metropolitan
Slide 13: Market Outlook – Real Estate
12 MARKET OUTLOOK – REAL ESTATE Real Estate • The announcements in the Union Budget on boosting public infrastructure through enhanced capital expenditure are expected to augment growth and bring in private investment through large multiplier effects over the coming quarters. • We are now at the cus
Slide 14: Geographical Presence
13 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 Whitefield, Bengaluru BIRLA AURORA (C) Magadi Road, Bengaluru BIRLA TIS
Slide 15: Summary of Product Portfolio
14 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 Revenue Cumulative Area Saleable Area Project Name L
Slide 16: Residential & Commercial Sales Highlights
15 RESIDENTIAL & COMMERCIAL SALES HIGHLIGHTS Real Estate % chg % chg % chg Particulars UOM Q4 FY22 Q4 FY21 Q3 FY22 FY22 FY21 YoY QoQ YoY ■ - = Commercial Pulp & Paper Leasing Income Rs. Cr. 30 30 4.3% 29 5.8% 121 125 -2.9% r;;a Average Rent ma Realisation (BA&BC) Rs./sq.ft. 151 149 6.5% 149 6.5% 154
Slide 17: Birla Vanya, Kalyan – Project Update
16 BIRLA VANYA, KALYAN – PROJECT UPDATE (LAUNCHED – Q1 FY20) Real Estate Location Shahad, Kalyan Area 22 acres ■ - = Pulp & Paper 13.2 lakh sq. ft. Saleable Area Phase 1 and 2 – 9.9 lakh sq. ft. launched r;;a Revenue Potential Rs. 1,134 Crs ma Residential – 1 BHK, 2 BHK, 3 BHK & 4 Textiles Product T
Slide 18: Birla Alokya, Bengaluru – Project Update
17 BIRLA ALOKYA, BENGALURU (Outright) - PROJECT UPDATE (LAUNCHED - Q3 FY20) BIRLA ESTATES - - ·- 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. 394 Crs Textiles Product Type Residential – 3-Bed and 4-Bed Vill
Slide 19: Birla Navya, Gurugram – Project Update
18 BIRLA NAVYA, GURUGRAM (JV) – PROJECT UPDATE Real Estate Location Sector 63 A, Gurugram, NCR Area 47 acres Pulp & Paper Saleable Area* Total 17.8 lakh sq. ft. (Floors Project) Revenue Potential Rs. 2,245 Crs Product Type Residential – 2 BHK, 3 BHK & 4 BHK Textiles Launch Year October 2020 Cumulati
Slide 20: Birla Tisya, Bengaluru – Project Update
19 BIRLA TISYA, BENGALURU (JV) – PROJECT UPDATE Real Estate Location Magadi Road, Bengaluru Area 4.8 acres Pulp & Paper 6.5 lakh sq. ft. Saleable Area* Revenue Potential Rs. 633 Crs Product Type Residential – 2 BHK, 3 BHK & 4 BHK Textiles Launch Year December 2021 Cumulative Sales Achieved Booking V
Slide 21: Birla Niyaara, Mumbai – Project Update
20 BIRLA NIYAARA, MUMBAI – PROJECT UPDATE (LAUNCHED – Q4 FY22) Real Estate Location Worli, Mumbai Area 14.2 acres Pulp & Paper Saleable Area* 24 lakh sq. ft.(Residential Phase – I) Rs. 10,000 + Crs : Three Towers Revenue Potential (Tower A: ~Rs 3,300 Crs) Residential – 2 BHK, 3 BHK, 4 BHK, Large Tex
Slide 22: ESG – Real Estate
21 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – REAL ESTATE Real Estate ENVIRONMENT SOCIAL • ESG Roadmap for Birla Estates – Stakeholder Engagement & National Safety Week 2022 at Construction Sites Materiality Assessment stage completed ■ - = • BREEAM precertification for Worli Project – Technical Pulp & P
Slide 23: Pulp & Paper
Pulp & Paper Flag bearer in Paper Industry
Slide 24: Pulp & Paper - Executive Summary
23 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 25: Step Towards More Focus on Growing Business
24 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 26: Q4 FY22 & FY22 Key Operational Highlights – Pulp & Paper
25 Q4 FY22 & FY22 KEY OPERATIONAL HIGHLIGHTS – PULP & PAPER CENTURY p & PA Jt Real Estate ■ - z I.LI Pulp & Paper I.LI IX t, r;;a ma • Achieved highest lifetime quarterly sales quantity in Q4 FY22. Textiles • Copier grade paper remained in high demand in Q4 FY22 due to opening up of offices, slowdow
Slide 27: Market Outlook – Pulp & Paper
26 MARKET OUTLOOK – PULP & PAPER Real Estate • Domestic market is witnessing strong demand revival across all paper segments, post re-start of major paper consumption centers and due to an increased hygiene awareness leading to increase in ‘At Home’ sales. ■ - • AFH (Away from Home) demand especiall
Slide 28: Q4 FY22 Production & Sales
27 Q4 FY22 PRODUCTION & SALES CENTURY PuLP & PAfEJt Real Estate 824 38 ■ 1,21,232 - 95 1,20,283 1,16,699 Pulp & Paper 1,09,891 5,845 7,830 1,10,955 11,022 4,998 12,105 566 10,189 18,000 6,019 6,029 11,936 28 39 335 r;;a 42,994 44,735 ma 45,000 41,676 42,661 230 Textiles 356 55,880 58,547 49,453 53,0
Slide 29: FY22 Production & Sales
28 FY22 PRODUCTION & SALES CENTURY PuLP & PAfEJt Real Estate 2,818 108 ■ - 342 4,81,130 4,75,884 4,53,917 Pulp & Paper 31,320 46,108 18,594 72,000 47,323 47,220 1,774 3,58,346 3,41,239 72 1,229 31,398 12,595 146 r;;a 22,674 22,557 ma 180,000 179,882 183,158 783 Textiles 148,604 148,074 1,139 204,945
Slide 30: Macros
29 MACROS CENTURY PuLP & PAfEJt Real Estate NSR MOVEMENT (INR/TONS) 68,131 63,271 67,312 ■ - 52,093 58,256 58,850 57,812 61,715 1- 1- 1 YoY 31% QoQ 8% -- 55,885 Pulp & Paper YoY QoQ 47,341 1 42% I 9% I - Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Domestic Export r;;a ma NSR AND OVERALL CONTRIBUTION Tex
Slide 31: ESG – Pulp & Paper
30 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER CENTURY Real Estate ENVIRONMENT SOCIAL ■ 0....,,0 1 :1•~1J - .......... Pulp & Paper ,.. . . . . . . ! ..•• 1 :-.:-1 ,, ... , • t• J . . r;;a ma \' ,., ....... , • • 41, r. ,c: u .. , ..... ,...,.....,, .~~~--, u ... , _ . ,., 1•n l'•o. • A ,.1.
Slide 32: Textiles
Textiles World’s 2nd and India’s 1st LEED V4 certified textile mfg co.
Slide 33: Executive Summary – Century Textiles
32 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 34: Step Towards More Focus on Growing Business
33 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 35: Q4 FY22 Key Operational Highlights – Textiles
34 Q4 FY22 KEY OPERATIONAL HIGHLIGHTS– TEXTILES Real Estate ■ - Pulp & Paper r;;a ma Textiles • Despite the uncertainties and volatilities during the financial year, achieved highest lifetime turnover although with depressed margins due to constantly rising input costs. • ■ In Q4 FY22, Apparel Fabri
Slide 36: Market Outlook - Textiles
35 MARKET OUTLOOK - TEXTILES Real Estate • The cotton price trend increased throughout FY22 with prices reaching record high levels, which made it very challenging to absorb in yarn prices; FY23 will be challenging with respect to realisations. ■ • Focus - in FY23 would be on offering new price sens
Slide 37: Macros – Q4 FY22
36 MACROS – Q4 FY22 Real Estate CLOTH – CAPACITY UTILISATION NET SALES REALISATIONS OVERALL CONTRIBUTION (RS. PER/MTR) 9,371 --92% 97% 8,853 YoY 20% QoQ 7% YoY 35% QoQ 20% Q4 FY22 (RS. PER/MTR) 8,360 330 ■ 274 (000 MTRS) - 245 177 II Pulp & Paper 148 166 PRODUCTION - CLOTH I ll DOMESTIC EXPORT TOTAL
Slide 38: Sales – Q4 FY22
37 SALES – Q4 FY22 Real Estate CLOTH BED SHEETS YARN OTHERS NET SALES QUANTITY NET SALES QUANTITY NET SALES QUANTITY ■ 443,330 475,932 (NO. OF SETS) = 9,988 1,013 (000 MTRS) 8,713 (TONS) Pulp & Paper 561 Q4 FY21 Q4 FY22 Q4 FY21 Q4 FY22 r;;a Q4 FY21 Q4 FY22 ma Textiles NET SALES NET SALES NET SALES N
Slide 39: ESG - Textiles
38 ENVIRONMENT SOCIAL GOVERNANCE (ESG) - TEXTILES Real Estate ENVIRONMENT SOCIAL GOVERNANCE ■ - YEAR: 2022 STATE OF UTAH No:1101,232265 Pulp & Paper DEPARTMENT OF AGRICULTURE AND FOOD MANUF. OF BEDDING &/OR UPHLSTRD FURN. PERMIT r;;a ma BIRLA CENTURY Textiles ► Towards sustainable journey of Birla ►
Slide 40: Financial Summary
Financial Summary 39
Slide 41: Quarterly Financial Performance
40 QUARTERLY FINANCIAL PERFORMANCE Real Estate (RS. IN CRORES) Variance Q on Q Variance Y on Y Particulars Q4 FY 21 Q3 FY 22 Q4 FY 22 '' ' ' Amount ' '' % Amount ''''' % Continuing Operations Sales ■ - Textiles Pulp & Paper 200 566 263 731 308 824 45 93 17% 13% 108 258 54% 46% Pulp & Paper Real Esta
Slide 42: Historical Consolidated Financial Performance
41 HISTORICAL CONSOLIDATED FINANCIAL PERFORMANCE Real Estate (RS. IN CRORES) Particulars FY19 FY20 FY21 FY22 Continuing Operations ■ Sales = Textiles 765 735 582 1,037 Pulp & Paper Pulp & Paper 2,643 2,383 1,774 2,818 Real Estate 159 146 142 139 Others 66 67 69 74 Total Sales 'I 3,633 :: 3,331 2,567
Slide 43: Cash Flow – Q4 FY22
42 CASH FLOW – Q4 FY22 Real Estate (RS. IN CRORES) Pulp & Birla Grand Particulars Textile Rayon H.O. Paper Estates Total ■ EBITDA 11 16 123 (17) 133 - MAT Paid (9) (9) Pulp & Paper Rights Issue of Kesoram Industries Limited (6) (6) Collections - Real Estate 158 158 Project Development cost - Real Es
Slide 44: Cash Flow: Q4 FY22
43 CASH FLOW : Q4 FY22 Real Estate ■ !Increase ■ Decrease ■ Totall (RS. IN CRORES) 158 ■ - Pulp & Paper ■ 133 ' -6 -'9 Textiles 72 ■ -251 -33 --15 -24 25 Financials EIBITDA Rights Issue MAT Paid ·Co,l lecti o nis W:c:ap, Cha~~ Capex Interest Interest (bond) Free Cash Flow (Kesoram)
Slide 45: Cash Flow - FY22
44 CASH FLOW - FY22 Real Estate (RS. IN CRORES) Pulp & Birla Yarn & Grand ■ Particulars Textile Rayon H.O. Sub Total - Paper Estates Denim Total EBITDA 29 56 424 (22) - 487 11 498 Pulp & Paper MAT Paid (34) (34) (34) Rights Issue of Kesoram Industries Limited (12) (12) (12) Dividend Paid ( Including
Slide 46: Cash Flow: FY22
45 CASH FLOW : FY22 Real Estate ■ lncre,ase ■ Decrease ■ i-:otal (RS. IN CRORES) 3S1 ■ - Pulp & Paper 498 -12 -34 -11 ■ ' Textiles 22 -805 ■ -148 - -52 -192 Financials EBETDA Rights Issue MAT Paid Dividend Col Iectio ns Project Dev. Wcap ,c h ange Capex lntere:St Free Cash Flow (Keso·ram)1
Slide 47: Statement of Outstanding Loan
46 STATEMENT OF OUTSTANDING LOAN Real Estate (RS. IN CRORES) O/s as on O/s as on O/s as on Particulars 30/09/21 31/12/21 31/03/22 ■ - - Long Term Loans 578 526 231 Pulp & Paper Average Rate of Interest 6.69% 6.96% 6.40% Short Term and Working Capital Loans 404 270 314 Average Rate of Interest 3.83%
Slide 48: Outstanding Loan
47 OUTSTANDING LOAN (RS. IN CRORES) Real Estate 1,467 @ 6.19% 1,281 @ 6.46% 1,315 @ 6.20% 85 85 120 ■ - ■ BEPL- 7.20% ■ BEPL- 7.20% ■ BEPL- 7.20% Pulp & Paper 400 400 650 ■ NCD- 7.65% ■ NCD- 7.35% ■ NCD- 6.89% ■ 404 ' 270 Textiles ■ STL- 3.94% ■ STL- 4.26% ■ STL- 3.83% 314 ■ 526 578 ■ LTL- 6.96% ■ L
Slide 49: Financial Performance
48 FINANCIAL PERFORMANCE Real Estate REVENUES (RS. IN CRORES) EBITDA (RS. IN CRORES) PAT (RS. IN CRORES) 1,061 (RS. IN CRORES) 4,131 499 3,947 3,944 ■ 3,423 851 378 - 2,616 600 280 Pulp & Paper 487 154 285 - t -15 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ■ ' Textile
Slide 50: Disclaimer
49 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 51: Thank You
50 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 — Q4 FY22 Earnings Presentation on 6ix