Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q4 FY2024 Earnings Presentation
41 slides from Aditya Birla Real Estate's earnings presentation, May 10, 2024
Slide 1: Cover letter to stock exchanges: revised earnings presentation
ADITYA BIRLA CENTURY SH/XII/2024 10th May, 2024 Corporate Relationship Department Listing Department BSE Limited National Stock Exchange of India Limited 1st Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, 5th floor, Dalal Street, Fort, Bandra-Kurla Complex Mumbai-400 001 Bandra (East), Mumbai-400
Slide 2: Century Textiles and Industries Limited Earnings Presentation Q4-FY24 / FY24
ADITYA BIRLA -----))~ ,.' I .. \ •( ' '-.-L------ , Century Textiles and Industries Limited • Earnings Presentation Q4-FY24 / FY24
Slide 3: Q4 FY24: Key Operational Highlights
Q4 FY24: KEY OPERATIONAL HIGHLIGHTS ADITYA BIRLA ‣ Excellent overall business performance with Turnover increasing over 50% on YoY and QoQ basis for continuing businesses. EBITDA increased 81% YoY and 26% QoQ. ‣ ‘Silas’ the signature tower at Birla Niyaara became one of the fastest selling Uber luxu
Slide 4: Quarterly Consolidated Performance at a Glance
QUARTERLY CONSOLIDATED PERFORMANCE AT A GLANCE For Continuing Operations TURNOVER EBITDA & EBITDA MARGINS PAT 60% 81% -4% 282 168 1,542 161* 26% 223 57% 56% 965 982 156 103 22.7% 18.3% 16.2% Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 TTM QUARTERLY PERFORMANCE 1,542 22.7%
Slide 5: Quarterly Segment-wise Consolidated Performance
QUARTERLY SEGMENT-WISE CONSOLIDATED PERFORMANCE For Continuing Operations REAL ESTATE PULP AND PAPER OTHERS 1705% -6% -17% 668* 910 881 -2% 859 28 73.3% 7% 18 17 67 30.5% 15 15 18.0% 13 204* 15.0% -67.6% 63 0% 86 7.6% 37 164 132 65 Q4 FY23 -25 Q4 FY23 Q3 FY24 Q4 FY24 -- -Sales Q3 FY24 EBITDA Q4 FY24
Slide 6: FY24 Consolidated Performance
FY24 CONSOLIDATED PERFORMANCE For Continuing Operations TURNOVER EBITDA & EBITDA MARGINS PAT 322 -6% 304* 4,264 718 13% 21% 3,768 593 15.7% 16.8% FY23 FY24 FY23 FY24 FY23 FY24 REAL ESTATE PULP AND PAPER OTHERS 832** 3,572 -6% 3,375 67 59 -3% 57 7% 52 50 28.1% 234** 16.5% 137 12.4% 591 417 -36.5% -50
Slide 7: Real Estate
Real Estate Over 93 lakh sq. ft. under construction across 6 projects
Slide 8: Key Highlights – Real Estate
KEY HIGHLIGHTS – REAL ESTATE MAJOR TAKEAWAYS MARKET OUTLOOK § Birla Tisya, Bengaluru received “Safety Shield Award” from National Safety Council, India. The only Real Estate developer to receive this ‣ The residential real estate market is expected to reach new heights in the upcoming financial year
Slide 9: Geographical Presence
GEOGRAPHICAL PRESENCE • Birla Vanya, Kalyan • Birla Alokya, Whitefield • Birla Niyaara, Worli • Birla Tisya, Magadi Road 1 • Walkeshwar, South Mumbai 4 • Raja Rajeshwari Nagar • Birla Centurion, Worli (C) • Birla Trimaya, North Bengaluru / .... \ • Birla Aurora, Worli (C) Sarjapur, Bengaluru • Thane
Slide 10: Residential Portfolio
RESIDENTIAL PORTFOLIO Ongoing/Launched Projects Forthcoming Projects Pune Pune 0% 9% Bengaluru NCR Bengaluru 31% 12% NCR 37% 19% 6 mn. 18 mn. Saleable Area Sq. Ft. 19 mn. Sq. Ft. sq.ft. MMR MMR 50% 42% ■ Bengaluru ■ MMR ■ NCR ■ Pune ■ Bengaluru ■ MMR ■ NCR ■ Pune Ongoing/Launched Projects Forthcomin
Slide 11: Operational Highlights – Q4 FY24
OPERATIONAL HIGHLIGHTS – Q4 FY24 ~ ••• Booking Value Collections Area Sold INR 2,881 Crore INR 521 Crore 0.58 mn. Sq. ft. ••• ••• Net Total Income Net Leasing Income EBITDA INR 299* Crore INR 30 Crore INR 204* Crore ••• ••• ••• * Includes INR 124 Cr from sale of TDR REAL ESTATE PULP & PAPER TEXTILES
Slide 12: Operational Highlights – FY24
OPERATIONAL HIGHLIGHTS – FY24 ~ ••• Booking Value Collections Area Sold INR 3,985 Crore INR 1,323 Crore 1.70 mn. Sq. ft. ••• ••• Net Total Income Net Leasing Income EBITDA INR 481* Crore INR 116 Crore INR 234* Crore ••• ••• ••• * Includes INR 202 Cr from sale of TDR REAL ESTATE PULP & PAPER TEXTILES
Slide 13: Key Quarterly Performance Indicators
KEY QUARTERLY PERFORMANCE INDICATORS Booking Value (₹ Cr) Collection Value (₹ Cr) Geographical Distribution of Ongoing 1,323 Projects 3,985 3.8 861 2,183 4.8 1,913 10.4 351 464 621 154 84 1.8 FY20 FY21 FY22 FY23 FY24 FY20 FY21 FY22 FY23 FY24 ■ Mumbai ■ NCR ■ Bengaluru Units Sold (No.) Area Sold (lak
Slide 14: Summary (Region-wise Information)
SUMMARY (REGION-WISE INFORMATION) City-Wise Historical Pre-sales (in Crores) Area (million Sq. Ft.) 3,985 277 581 2,183 1.17 1,913 NCR 99% 1.16 127 463 621 407 678 3,127 245 14 108 483 ....Li 341 107 31 1,379 1,260 FY20 FY21 FY22 FY23 FY24 1.92 ■ Mumbai ■ Bengaluru ■ NCR Bengaluru 1.85 96% City-Wise
Slide 15: Launched Residential Projects
LAUNCHED RESIDENTIAL PROJECTS I Birla Vanya, fi □□ ) Launch Period Q1 FY19-20 ~ Land Area 22 acres • Booking Value (PTD) ₹ 839 Crores ® Collection Value (PTD) ~ ₹ 513 Crores ' '' ' '' ,, ' (Kalyan) Q] Total Saleable Area 13.3 lakhs sqft ~ Share 100% ~.D ' Saleable Area Launched (PTD) 13.3 lakhs sqft
Slide 16: Launched Residential Projects
LAUNCHED RESIDENTIAL PROJECTS Launch Period Land Area Booking Value (PTD) Collection Value (PTD) Birla Niyaara, Q4 FY21-22 (Phase 1) 14 acres ₹ 5,300 Crores ₹ 954 Crores (Worli, Q4 FY23-24 (Phase 2) Mumbai) Saleable Area Saleable Area Total Saleable Area 24.8 lakhs sqft (Residential) Share 100% Laun
Slide 17: Project Launches
PROJECT LAUNCHES • Launched/To be Launched • Ongoing The GDV below reflect the GDV of launched/to be launched projects • Delivery FY 25e GDVe – ₹ 8,300 Crores RR Nagar, B’lore; Walkeshwar, Mumbai; Sangamwadi, Pune; FY 24 Sarjapur, B’lore; GDV – ₹ 5,500 Crores Mathura Road, NCR; Thane, MMR; Birla Nav
Slide 18: ESG – Real Estate – Q4 FY24
ENVIRONMENT, SOCIAL AND GOVERNANCE (ESG) – REAL ESTATE – Q4 - FY24 ENVIRONMENT SOCIAL IGBC Certification: First draft for Indian ‣ An informative online session was Green Building Council (IGBC) for Birla conducted, focusing on the topic of Aurora and Centurion submitted in gardening in limited spac
Slide 19: Pulp & Paper: Turning a New Leaf
Pulp & Paper Turning a New Leaf
Slide 20: Key Highlights – Pulp & Paper
KEY HIGHLIGHTS – PULP & PAPER Century MAJOR TAKEAWAYS MARKET OUTLOOK ‣ In Q4 FY24, overall production volumes increased by 6% YoY, however, ‣ Writing & Printing and Copier paper demand is expected to improve post were 4% lower than previous quarter. Sales volumes increased by 13%YoY. elections with
Slide 21: Q4 FY24: Production & Sales
Q4 FY24: PRODUCTION & SALES Century Quarter Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 Q4 FY23 Q3 FY24 Q4 FY24 1,40,000 1,200 6% 13% 1,24,605 -4% 2% -6% 1,20,283 1,21,062 1,20,000 7% 7,830 18,000 1,12,234 11% 12,147 4% 4,581 13
Slide 22: FY24: Production & Sales
FY24: PRODUCTION & SALES Century Annual Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity FY23 FY24 FY23 FY24 FY23 FY24 4,000 3,572 -5% 5,00,000 4,81,130 2% 3,375 4,55,225 4,65,538 7% 4,47,090 3,500 136 4% 7% 31,320 46 1% 4% 17,075 2% 10% 4,19,059 7,339 500 14% 44,716 50,118 492 72
Slide 23: Net Sales Realization (NSR) Movement
NET SALES REALIZATION (NSR) MOVEMENT Century NSR Movement (INR/Tons) YoY QoQ -... 94,401 . ). 82,705 91,546 81,510 78,680 • • 72,015 76,097 71,902 80,406 ti 69,411 -16% -3% YoY QoQ Q4 FY23 Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 NSR AND EBITDA -+- Domestic - Export -15% -6% YoY QoQ 83,254 82,093 72,347 72,1
Slide 24: Macros – Q4 FY24
MACROS – Q4 FY24 Century SEGMENTAL CONTRIBUTION YoY QoQ YoY QoQ OVERALL CONTRIBUTION (Rs. YoY QoQ YoY QoQ 16% -17% -54% -12% Per/MT) -56% -14% 495% -48% Q4 FY24 70,591 39,445 33,281 24,347 20,149 20,483 59,233 11,358 18,032 (RS. PER/MT) 16,871 17,383 14,569 TOTAL TOTAL VARIABLE OVERALL 8,554 - NSR C
Slide 25: ESG – Pulp & Paper
ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER Century ENVIRONMENT SOCIAL ‣ Medical camp was organized on dated 25th February 2024. Expert Doctors team inclusive of Physicians, Eye Specialist, Orthopedic, Skin Diseases, Heart Specialist, Gynecologist, Child Specialist, Neurologist & Pathologist.
Slide 26: Textile
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Slide 27: Textiles Division Update
TEXTILES DIVISION UPDATE MAJOR TAKEAWAYS MARKET OUTLOOK ‣ In the beginning of FY24, the company took a decision to initiate ‣ On Mar 22, 2024, the Board of Directors of the company reviewed the operations of the Textile division. In view of unsatisfactory performance process of restructuring company
Slide 28: Q4 & FY24: Production and Sales
Q4 & FY24: PRODUCTION AND SALES During the quarter and the year ended FY 24 Production and Sales data are as under:- Production Sales Sales in Rs. Crore Particulars Q4'24 FY'24 Q4'24 FY'24 Q4'24 FY'24 Cloth'000 Mtr 2947 27634 6116 31296 88 508 Made-ups Set 254389 2139495 216861 1206716 38 179 Yarn M
Slide 29: Q4 & FY24: Profit and Loss Summary
Q4 & FY24: PROFIT AND LOSS SUMMARY Budget FY24 Actual FY24 Particulars 9M Q4 12M 9M Q4 12M A. EBIDTA -46 -4 -50 -54 -28 -82 # B. Exceptional Items Plant & Machinery a) -40 -60 -100* -40 -160 -200 Impairing b) VRS -17 -51 -68 -17 -8 -25 c) Debtors w/off -1 -9 -10 - -5 -5 d) Inventory W/off -7 -8 -15
Slide 30: ESG – Textiles
ENVIRONMENT SOCIAL GOVERNANCE (ESG) – TEXTILES ENVIRONMENT SOCIAL GOVERNANCE - BlrloCentury A Ol'llllo, o/ c.-.tury T-'fi., 1r>d~""-LI"'"-<1 PlotNo.126,0IOClndwtrlol &IOM 8hor\olch - !93n:), INOIA 743S?~m - HohotNttilnTatte TNflnelnatltute OmbHU4.KO 1/ealttiest ~ UJ, 21.. Greeuteclt O QG QI AWARDS &
Slide 31: Financial Summary
Financial Summary Good overall financial performance in Q4 & FY24
Slide 32: Profit & Loss: Q4 FY24
PROFIT & LOSS : Q4 FY24 (₹ In Crores) Particulars Q4 FY23 Q3 FY24 Q4 FY24 YoY % QoQ % Continuing Operations Total Income 991 1096 1700 72% 55% Total Sales 965 982 1542 60% 57% Total EBITDA 156 223 282 81% 26% Less: Finance cost 9 8 12 33% 50% Less: Depreciation 48 53 54 13% 2% PBT 99 162 216 118% 33
Slide 33: Profit & Loss: FY24
ADITYA BIRLA PROFIT & LOSS : FY24 (₹ In Crores) Particulars FY23 FY24 YoY % Continuing Operations Total Income 3856 4570 19% Total Sales 3768 4264 13% Total EBITDA 593 718 21% Less: Finance cost 34 36 6% Less: Depreciation 196 211 8% PBT 363 471 30% Share of Profit in JV-(BAKPL) -2 -22 Exceptional I
Slide 34: Cash Flow – Q4 FY24
ADITYA BIRLA CASH FLOW – Q4 FY24 (₹ In Crores) Total Birla Pulp & Grand No Particulars Rayon H.O. Continuing Textiles Estates Paper Total operations EBITDA-Normal Business 204 65 13 - 282 -28 254 Exceptional Item - - - - - -7 -7 MAT Paid -19 - - -5 -24 - -24 Collections 523 - - - 523 - 523 Project D
Slide 35: Cash Flow: Q4 FY24
EB ITD A-N orm al B usi ne ss 282 MA TP REAL ESTATE aid --24 Co llec tio ns 523 Pro CASH FLOW : Q4 FY24 jec tD eve lop me nt C ost -428 Inc om eT ax Re fun d - 17 Ne tC han ge in W PULP & PAPER ork ing Ca pit al -125 Ca pit al Exp en dit ure - -41 Int ere st -9 ■ Increase ■ Decrease ■ Total Int ere
Slide 36: Cash Flow – FY24
ADITYA BIRLA CASH FLOW – FY24 (₹ In Crores) Pulp & Total Continuing Grand No Particulars Birla Estates Rayon H.O. Textile Paper Operations Total EBITDA-Normal Business 234 417 67 - 718 -82 636 Exceptional Item - - - - - -17 -17 MAT Paid -53 - - -61 -114 - -114 Dividend Paid ( Including Tax) - - - -5
Slide 37: Cash Flow: FY24
EB ITD A-N orm al B usi ne ss 718 MA TP Div aid ide REAL ESTATE -114 nd Pai d( Inc lud ing Tax ) -56 CASH FLOW : FY24 Co llec tio ns Pro 1,323 jec tD eve lop me nt C ost Inc re -2,366 in C ase / urr (De en t C creas api tal e) -2 PULP & PAPER N Wo et Ch rki ang ng e Ca in pit al -159 Inc om et ax Re
Slide 38: Outstanding Loan
OUTSTANDING LOAN 2,482@8.22% 2,356@8.03% 50 ■ LTL - 8.50% 250 2,243@7.93% ■ LTL - 8.60% 90 30 50 - ■ LTL - 8.60% 1,039@7.45% 1,050 ■ STL - 8.61% 1,062 ■ LTL - 8.70% 56 1,050 ■ STL - 8.11% 199 ■ STL - 7.59% ■ STL - 8.33% ■ NCD - 7.74% ■ NCD - 7.37% ■ NCD - 7.16% 650 ■ NCD - 6.77% 1,166 1,140 1,143 ■
Slide 39: Financial Performance
ADITYA BIRLA FINANCIAL PERFORMANCE REVENUES* (₹ in Crores) EBITDA (₹ in Crores) PAT# (₹ in Crores) 378 689 718 4,827 304 600 4,174 4,264 267 487 3,423 2,616 154 285 FY20 I FY21 FY22 FY23 FY24 FY20 I FY21 FY22 FY23 FY24 FY20 - I -15 FY21 FY22 FY23 FY24 * Revenue includes Other Operating Income # PAT
Slide 40: Disclaimer
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 opinions a
Slide 41: Thank You
THANK YOU Bringing our century old legacy and expertise into all our businesses while focusing on sustainability, customer centricity, technology and innovation to be future ready
Century Textiles and Industries — Q4 FY2024 Earnings Presentation on 6ix