Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q1 FY25 Earnings Presentation
33 slides from Aditya Birla Real Estate's earnings presentation, Jul 16, 2024
Slide 1: Exchange filing cover letter for earnings presentation
ADITYA BIRLA CENTURY SH/XII/2024 16th July, 2024 Corporate Relationship Department Listing Department BSELimited 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 Q1 FY25
CENTURY Century Textiles and • Earnings Presentation Industries Limited Q1 FY25
Slide 3: Table of Contents
TABLE OF CONTENTS Overview Real Pulp & Financials Estate Paper 2
Slide 4: Aditya Birla Group at a Glance
ADITYA BIRLA GROUP AT A GLANCE METALS CEMENT CARBON BLACK FASHION & RETAIL RENEWABLE PAINTS MINING CHEMICALS FINANCIAL REAL ESTATE PULP & FIBRE TELECOM JEWELLER Y ENTERTAINMEN SERVICES T Global Top 3 India Top 3 DIGITAL TRADING VENTURE CAPITAL DINING & CELLULOSIC FIBRE PLATFORMS EXPERIENCES & TEXTIL
Slide 5: Century Textiles & Industries Ltd. Snapshot
CENTURY TEXTILES & INDUSTRIES LTD. SNAPSHOT 125-year-old rich legacy built under the leadership of Mr. B. K. Birla Home of the real estate arm of Aditya Birla Group with a valuable portfolio of land One of the most trusted parcels across premium locations brands in the country Robust project pipelin
Slide 6: Q1 FY25: Key Operational Highlights
Q1 FY25: KEY OPERATIONAL HIGHLIGHTS ‣ Tepid overall business performance plagued by rising input costs and global supply chain crises despite Turnover increasing 28% YoY. ‣ Real Estate business performed well with booking value increasing by 27% YoY to Rs. 262 Crs and Collections increasing by 32% Y
Slide 7: Q1 FY25: Financial Highlights
Q1 FY25: FINANCIAL HIGHLIGHTS For Continuing Operations TURNOVER (₹ Cr) EBITDA (₹ Cr) & EBITDA MARGINS (%) 28% -15% 282 1,542 -5 6% -26 1,140 % 888 147 125 18.3% 16.6% 11.0% Q1-FY24 Q4-FY24 Q1-FY25 Q1-FY24 Q4-FY24 Q1-FY25 PAT (₹ Cr) -47% 160 -8 3% 53 28* Q1-FY24 Q4-FY24 Q1-FY25 * PAT does not includ
Slide 8: Q1 FY25: Business Segment Contribution
Q1 FY25: BUSINESS SEGMENT CONTRIBUTION For Continuing Operations REVENUE PIE (%) EBITDA BREAKUP (₹ Cr) Others 282 Real Estate 13 1% 30% 65 147 15 125 17 204 144 65 -12 43 Pulp & Paper Q1 FY24 Q4 FY24 Q1 FY25 69% Real Estate Pulp & Paper Others SUMMARY 7
Slide 9: Quarterly Segment-wise Performance
QUARTERLY SEGMENT-WISE PERFORMANCE REAL ESTATE PULP AND PAPER REVENUE (₹ Cr) REVENUE (₹ Cr) 814% -6% 668 -49 859 % 836 -8% 786 338 37 Q1-FY24 Q4-FY24 Q1-FY25 Q1-FY24 Q4-FY24 Q1-FY25 EBITDA (₹ Cr) & EBITDA (%) EBITDA (₹ Cr) & EBITDA (%) 144 204* 30.5% 17.3% 65 65 12.6% 7.6% 8.3% 43 -32.4% -12 Q1-FY24
Slide 10: Real Estate
Real Estate ~ ₹ 53,000 Crores GDV across 4 regions
Slide 11: Projects with a revenue potential of more than INR 53,000 Crs
Projects with a revenue potential of more than INR 53,000 Crs REAL ESTATE PULP & PAPER FINANCIALS 10
Slide 12: Birla Estates - Right to Win
BIRLA ESTATES - RIGHT TO WIN Business Strong Brand Pan India Adequately Development ESG Focused Value Presence Capitalised Edge • One of the most • Access to large parcel • Significant presence • Enjoys strong brand • Received Green trusted brands in of legacy land bank in in key macro goodwill Buil
Slide 13: Q1 FY25 Key Highlights – Real Estate
Q1 FY25 KEY HIGHLIGHTS – REAL ESTATE MAJOR TAKEAWAYS MARKET OUTLOOK • Acquired 13.27 acres of land parcel in Gurugram on a • The real estate sector is thriving, driven by positive revenue share basis with a GDV of INR 5,300 Cr. indicators such as GDP growth boosting investments and strong consumer s
Slide 14: Operational Highlights – Q1 FY25
OPERATIONAL HIGHLIGHTS – Q1 FY25 Booking Value Collections Area Sold INR 262 Crore INR 488Crore 0.07 mn. Sq. ft. Net Total Income Net Leasing Income EBITDA INR 113 Crore INR 29 Crore INR 43 Crore REAL ESTATE PULP & PAPER FINANCIALS 13 13
Slide 15: Key Quarterly Performance Indicators
KEY QUARTERLY PERFORMANCE INDICATORS Booking Value (₹ Cr) Collection Value (₹ Cr) 3,985 1,323 861 2,183 1,913 488 351 464 621 262 154 84 FY20 FY21 FY22 FY23 FY24 Q1FY25 FY20 FY21 FY22 FY23 FY24 Q1FY25 Units Sold (No.) Area Sold (lakhs sqft) 934 17.0 685 630 11.4 11.7 550 337 6.4 6.5 34 0.7 FY20 FY21
Slide 16: Launched Residential Projects
LAUNCHED RESIDENTIAL PROJECTS Birla Navya, Birla Tisya, Birla Trimaya, Birla Vanya, Birla Alokya, Birla Niyaara, Project (Golf Course (Rajajinagar, (Devanahalli, (Kalyan) (Whitefield, Bengaluru) (Worli, Mumbai) Extension, Gurugram) Bengaluru) Bengaluru) Project Photo Q4 FY21-22 (Phase 1) Launch Peri
Slide 17: Residential Portfolio
RESIDENTIAL PORTFOLIO For launched projects City-wise Launch and Sales (million Sq. Ft.) Ongoing Upcoming Saleable Area GDV Saleable Area GDV 75% Particulars (Mn Sqft) (Cr) (Mn Sqft) (Cr) 3.12 2.35 97% MMR 3.1 9,734 7.7 19,403 1.921.86 99% Bengaluru 1.9 1,527 6.8 6,231 1.17 1.16 NCR 1.2 1,588 4.5 9,
Slide 18: Project Launches
PROJECT LAUNCHES Launched/To be Launched Ongoing Delivery The GDV below reflect the GDV of launched/to be launched projects FY 25e GDVe – ₹ 8,550 Crores Total GDV ₹ 53,000 Crores RR Nagar, B’lore; Walkeshwar, Mumbai; Sangamwadi, Pune; Sarjapur, B’lore; FY 24 Mathura Road, NCR; GDV – ₹ 5,500 Crores T
Slide 19: Pulp & Paper
Pulp & Paper Turning a New Leaf
Slide 20: Key Highlights – Pulp & Paper
KEY HIGHLIGHTS – PULP & PAPER MAJOR TAKEAWAYS MARKET OUTLOOK ‣ In Q1 FY25, Production and Sales volumes increased by 7% YoY and ‣ Seasonal factors are expected to moderately revive Writing and Printing 12%YoY respectively. Sales volumes were lower by 8% QoQ with general paper demand in Q2. elections
Slide 21: Q1 FY25: Production & Sales
Q1 FY25: PRODUCTION & SALES Production (Tons) Net Sales Qty (Tons) Sales (INR Cr) Q1 Q4 QoQ Q1 Q1 Q4 QoQ Q1 Q1 Q4 QoQ Q1 Particulars YoY % YoY % YoY % FY25 FY24 % FY24 FY25 FY24 % FY24 FY25 FY24 % FY24 Paper 54,579 58,768 -7% 52,237 4% 53,655 56,362 -5% 49,753 8% 354 393 -10% 427 -17% Board 45,583 4
Slide 22: Net Sales Realization (NSR) Movement
NET SALES REALIZATION (NSR) MOVEMENT NSR Movement (INR/Tons) YoY QoQ 91,546 83,376 80,406 78,680 76,097 -15% 0% 81,510 72,015 71,902 69,411 69,501 YoY QoQ Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 -9% 4% Domestic Export NSR AND EBITDA YoY QoQ 82,093 72,347 72,189 70,591 70,381 14,478 -14% 0% 7,063 11,
Slide 23: Macros – Q1 FY25 / Segmental Contribution
MACROS – Q1 FY25 SEGMENTAL CONTRIBUTION YoY QoQ YoY QoQ OVERALL CONTRIBUTION (Rs. YoY QoQ YoY QoQ -25% 1% -46% -15% Per/MT) -58% -7% 238% -1% Q1 FY25 32,316 70,381 26,961 28,406 20,286 20,149 18,032 59,674 10,707 (RS. PER/MT) 14,569 15,326 13,538 TOTAL TOTAL VARIABLE OVERALL NSR COST CONTRIBUTION 4,
Slide 24: Environment Social Governance (ESG) – Pulp & Paper
ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER ENVIRONMENT SOCIAL ‣ Blood donation camp was organized on Jun 14, 2024. Total 195 people donated blood through this camp. ‣ Fogging using mosquito repellent sprays is also regularly being carried to prevent malaria and dengue. ‣ Cleaning & shifting
Slide 25: Financial Summary
Financial Summary Moderate performance in Q1- FY25
Slide 26: Profit & Loss: Q1 FY25
PROFIT & LOSS : Q1 FY25 (₹ In Crores) Particulars Q1 FY24 Q4 FY24 Q1 FY25 YoY % QoQ % Continuing Operations Total Income 901 1700 1168 30% -31% Total Sales 888 1542 1140 28% -26% Total EBITDA 147 282 125 -15% -56% Less: Finance cost 6 12 12 100% 0% Less: Depreciation 50 55 55 10% 0% PBT 91 215 58 -3
Slide 27: Cash Flow – Q1 FY25
CASH FLOW – Q1 FY25 (₹ In Crores) Total Birla Pulp & Grand No Particulars Rayon H.O. Continuing Textiles Estates Paper Total operations EBITDA-Normal Business 43 65 14 3 125 -14 111 MAT / Advance Tax Paid 0 - - -8 -8 - -8 Income Tax Refund 0 - - 31 31 - Collections 488 - - - 488 - 488 Project Develo
Slide 28: Cash Flow: Q1 FY25
EB ITD A-N orm al B usi ne ss 125 MA T/ Ad van ce Tax Pai d -8 Inc om eT ax Re REAL ESTATE fun d 31 Co llec tio ns CASH FLOW : Q1 FY25 Pro 488 jec tD eve lop me nt C ost -976 De po sit to Lan do wn er Ne -143 tC han ge in W ork ing … Increase -172 Ca pit al Exp en dit ure -41 Decrease PULP & PAPER I
Slide 29: Outstanding Loan
OUTSTANDING LOAN 2,906@8.18% 2,482@8.22% LTL - 8.52% 2,356@8.03% LTL - 8.50% 505 250 LTL - 0% 1,935@7.48% LTL - 8.60% 50 30 90 - 211 STL - 7.42% 686 STL - 8.11% STL - 8.60% 1,050 1,062 STL - 7.59% 1,062 NCD - 7.37% NCD - 7.74% NCD - 7.74% NCD - 7.16% 1,050 1,166 1,140 1,128 BEPL - BEPL - 8.59% BEPL
Slide 30: Financial Performance
FINANCIAL PERFORMANCE For Continuing Operations REVENUES* (₹ in Crores) EBITDA (₹ in Crores) PAT# (₹ in Crores) 718 304 689 4,827 267 4,174 4,264 487 154 2,616 285 1,140 125 28 -15 FY21 FY22 FY23 FY24 Q1 FY25 FY21 FY22 FY23 FY24 Q1 FY25 FY21 FY22 FY23 FY24 Q1 FY25 * Revenue includes Other Operating
Slide 31: Creating Shareholder Value: A Transformative Journey
CREATING SHAREHOLDER VALUE: A TRANSFORMATIVE JOURNEY Relative Price Performance up to 30th June, 2024 3 Year Price CAGR: Century: 52% Sensex: 14% 800% BSE Realty: 39% 600% 400% 200% 0% -200% Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Oct-23 Jan-
Slide 32: 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 33: 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 — Q1 FY25 Earnings Presentation on 6ix