Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q3 FY23 Earnings Presentation
37 slides from Aditya Birla Real Estate's earnings presentation, Jan 31, 2023
Slide 1: Cover letter to stock exchanges
ADITYA BIRLA CENTURY SH/XII/2022 31 st January, 2023 Corporate Relationship Department Listing Department BSELlmlted 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 FY23 Earnings Presentation
Century Textiles and Industries Limited Q3 FY23 Earnings Presentation
Slide 3: Table of Contents
2 TABLE OF CONTENTS Summary Real Estate Pulp and Paper Textiles Financials
Slide 4: Q3 FY23: Key Operational Highlights
3 Q3 FY23: KEY OPERATIONAL HIGHLIGHTS Moderate overall performance (9.5% YoY) amidst global recessionary conditions marked by high inflation, rising interest rates and low levels of business and consumer confidence in developed economies. Birla Niyaara, Worli, became the highest selling project in M
Slide 5: Quarterly Consolidated Performance at a Glance
4 QUARTERLY CONSOLIDATED PERFORMANCE AT A GLANCE (RS. IN CRORES) TURNOVER EBITDA & EBITDA MARGINS PAT -13 -43% 9.5% 1,211 189 71 -5.1% 1,150 1,050 -5 2% -9 105 0% 91 10.0% 15.6% 7.9% 12 7 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Summary TTM QUARTERLY PERFORMANCE 1,188
Slide 6: Quarterly Segment-wise Consolidated Performance
5 QUARTERLY SEGMENT-WISE CONSOLIDATED PERFORMANCE (RS. IN CRORES) REAL ESTATE PULP AND PAPER TEXTILES 6% 18% -10% 942 263 36 -8% 863 34 33 9% 237 731 224 6% 20.5% -35.3% -36.1% 12.4% 11.6% -27.3% 3.8% -9 193 -12 -13 100 -2.7% -3.0% 91 10 -6 -7 Q3 FY22 Q2 FY23 Q3 FY23 Summary Q3 FY22 Q2 FY23 Q3 FY23
Slide 7: Nine Months Consolidated Performance
6 9 MONTHS CONSOLIDATED PERFORMANCE (RS. IN CRORES) TURNOVER EBITDA & EBITDA MARGINS PAT 3,533 424 123 23% 19% 2,880 355 74% 71 12.3% 12.0% 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 Summary REAL ESTATE PAPER AND PULP TEXTILES 2,662 729 0% 729 5 0 . % 0% 104 -2% 102 34% 4 0 . % 1,993 3 0 . % -4
Slide 8: Real Estate
Real Estate Over 64 lakh sq. ft. under construction across 5 projects
Slide 9: Key Highlights – Real Estate
8 KEY HIGHLIGHTS – REAL ESTATE Real Estate MAJOR TAKEAWAYS MARKET OUTLOOK • Achieved sales of INR 1,377 Crs in 9M FY23 registering a growth • The robust performance of the residential sector in 9M FY23 of 133% compared to 9M FY22 clearly denotes that the sector is in the initial phases of a long- Pu
Slide 10: Awards – Real Estate
9 AWARDS – REAL ESTATE Real Estate Pulp & Paper Textiles "BIRLA ESTATES" was recognized as one of the ET Best Brands 2022 at the Financials Economic Times Best Brands Conclave 2021-22
Slide 11: Projects Update
10 PROJECTS UPDATE Real Estate Birla Navya, Birla Vanya, Birla Alokya, Birla Niyaara, Birla Tisya, Project (Golf Course Extension, (Kalyan) (Whitefield, Bengaluru) (Worli, Mumbai) (Rajajinagar, Bengaluru) Gurugram) Pulp & Paper Project Photo Launch Period Q1 FY20 Q3 FY20 Q3 FY21 Q4 FY22 Q3 FY22 Land
Slide 12: Residential & Commercial Sales Highlights
11 RESIDENTIAL & COMMERCIAL SALES HIGHLIGHTS Real Estate Units of % change % change % change Particulars Q3 FY23 Q3 FY22 Q2 FY23 YTD FY23 YTD FY22 Measurement YoY QoQ YoY Pulp & Paper Commercial Net Leasing Income Rs. Cr. 28.4 26.1 9% 24.4 16% 80.3 80.0 0.3% Residential Textiles Booking Value Rs. Cr
Slide 13: ESG – Real Estate
12 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – REAL ESTATE Real Estate ENVIRONMENT SOCIAL We tied up with BMC to provide ‘Exercise + Green’ bus stops Blood Donation Camp at Sites - 78 Units Donated on the Pandurang Budhkar Marg Pulp & Paper Eye Check-up Camp – 83 Workers availed facility Textiles Financia
Slide 14: Pulp & Paper
Pulp & Paper Flag bearer in Paper Industry
Slide 15: Key Highlights – Pulp & Paper
14 KEY HIGHLIGHTS – PULP & PAPER Real Estate MAJOR TAKEAWAYS MARKET OUTLOOK • Overall sales for Q3 FY23 increased by 18% YoY and 9M FY23 • Writing & Printing paper (WPP) demand is expected to remain sales significantly increased by 34% YoY. stable with downward price corrections impacting orders and
Slide 16: Q3 FY23: Production & Sales
15 Q3 FY23: PRODUCTION & SALES Real Estate Quarter Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 1,40,000 1,000 18% 942 -9% -17% 4% -8% 40 1,22,888 900 863 1,20,283 1,20,000 1,15,894 3% -3% Pulp & Paper 7%
Slide 17: 9M FY23: Production & Sales
16 9M FY23: PRODUCTION & SALES Real Estate 9M Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 4,00,000 3,000 3,60,848 2,662 3,59,185 -5% 3,50,000 3,42,992 7% 23,490 10% 35,086 3,32,685 -6.10% 105 4% 2,500 34% Pulp & Paper 9% 32,570
Slide 18: Net Sales Realization (NSR) Movement
17 NET SALES REALIZATION (NSR) MOVEMENT NSR MOVEMENT (INR/TONS) Real Estate 93,751 94,865 86,133 87,679 YoY QoQ 84,255 67,312 77,358 39% 4% 61,715 68,131 Pulp & Paper 63,271 YoY QoQ 54% 1% Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Domestic Export NSR AND EBITDA Textiles 85,043 87,118 78,343 68,007 YoY
Slide 19: Macros – Q3 FY23
18 MACROS – Q3 FY23 Real Estate SEGMENTAL CONTRIBUTION OVERALL CONTRIBUTION (RS. PER/MT) YoY QoQ YoY QoQ YoY QoQ YoY QoQ Q3 FY23 119% 11% -76% -84% -22% -68% 96% 17% 32,460 87,118 27,701 (RS. PER/MT) 23,401 21,992 21,172 18,658 73,080 16,539 Pulp & Paper 12,669 14,038 10,670 8,948 6,998 TOTAL TOTAL
Slide 20: ESG – Pulp & Paper
19 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER Real Estate ENVIRONMENT SOCIAL Pulp & Paper Textiles Ø Plantation of 26.71 Lacs already done upto Q3-FY23 for the Ø Community medical camp organized at Janta Inter College, Bindukhatta, where sustainability of raw material. medicines were provide
Slide 21: Textiles
Textiles World’s 2nd and India’s 1st LEED V4 certified Textile Mfg. Co.
Slide 22: Key Highlights – Textiles
21 KEY HIGHLIGHTS – TEXTILES Real Estate MAJOR TAKEAWAYS MARKET OUTLOOK • The domestic retail market was under pressure with a low to • With focus shifting on new innovative developments including medium footfall across the segment in the retail sector. Q3 capacity traceability, documentation, susta
Slide 23: Q3 FY23: Production & Sales
22 Q3 FY23: PRODUCTION & SALES Real Estate Quarter Production Qty (000 mtrs) Sales Qty (000 mtrs) Sales (INR Crs) Capacity Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY23 Q3 FY23 400 14,000 -12% 350 -7% Pulp & Paper 12,000 -10% 11,170 300 1,487 7% 10,000 9,450 13% 9,824 263 7% 8,986
Slide 24: 9M FY23 Production & Sales
23 9M FY23 PRODUCTION & SALES Real Estate 9M Production Qty (000 mtrs) Sales Qty (000 mtrs) Sales (INR Crs) Capacity 9M FY22 9M FY23 9M FY22 9M FY23 9M FY22 9M FY23 35,000 800 0% 729 -1% 729 30,167 29,895 700 30,000 99 14% 28,350 3,081 5,322 178 24% Pulp & Paper 2% 10% 5,400 25,633 18% 600 25,237 25
Slide 25: Net Sales Realization (NSR) Movement
24 NET SALES REALIZATION (NSR) MOVEMENT* Avg NSR EBITDA per Mtr % EBITDA (INR / Mtr) Real Estate 206 211 215 198 178 180 YoY QoQ 19% 2% Pulp & Paper 6 4% 3 2% 6 3% 1 0.4% -2.1% -3.3% -4 -7 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Export Domestic Textiles 383 380 353 330 YoY QoQ 274 39% 8% 231
Slide 26: Macros – Q3 FY23
25 MACROS – Q3 FY23 Real Estate FABRIC CONTRIBUTION OVERALL CONTRIBUTION (RS. PER/MTR) Q3 FY23 YoY QoQ YoY QoQ 215 -14% -6% -8% 9% 83 76 70 (RS. PER/MTR) (RS. PER/KG) Pulp & Paper 169 46 42 46 39 TOTAL TOTAL VARIABLE OVERALL NSR COST CONTRIBUTION Q3 FY22 APPARELS BED LINEN Q3 FY22 Q2 FY23 Q3 FY23 18
Slide 27: ESG – Textiles
26 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – TEXTILES Real Estate ENVIRONMENT SOCIAL GOVERNANCE Environment Audit By Pulp & Paper We have received 'A' ranking during the Environment audit conducted on 08/12/2022. by Sustainability Department, Inditex. This is the best-in-class category by Inditex. Texti
Slide 28: Financial Summary
Financial Summary Moderate financial performance during the quarter as compared to Q3 FY22 27
Slide 29: Profit & Loss: Q3 FY23
28 PROFIT & LOSS : Q3 FY23 Real Estate (INR CRORES) Variance Particulars Q3 FY22 Q2 FY23 Q3 FY23 YoY % QoQ % Continuing Operations Total Income 1,069 1,242 1,173 10% -6% Pulp & Paper Total Sales 1,050 1,211 1,150 9% -5% Total EBITDA 105 189 91 -13% -52% Less: Finance cost 12 15 13 6% -15% Less: Depr
Slide 30: Profit & Loss: 9M FY23
29 PROFIT & LOSS : 9M FY23 (INR CRORES) Real Estate Variance Particulars 9M FY22 9M FY23 YoY % Continuing Operations Total Income 2,956 3,609 22% Total Sales 2,880 3,533 23% Pulp & Paper Total EBITDA 355 424 19% Less: Finance cost 37 40 9% Less: Depreciation 174 170 -2% PBT 144 214 48% Textiles Tax
Slide 31: Historical Consolidated Financial Performance
30 HISTORICAL CONSOLIDATED FINANCIAL PERFORMANCE Real Estate (RS. IN CRORES) Particulars FY19 FY20 FY21 FY22 9M FY23 Continuing Operations Sales Textiles 765 735 582 1,037 729 Pulp & Paper 2,643 2,383 1,774 2,818 2,662 Pulp & Paper Real Estate 159 146 142 139 102 Others 66 67 69 74 40 Total Sales 3,
Slide 32: Cash Flow – Q3 FY23
31 CASH FLOW – Q3 FY23 Real Estate (RS. IN CRORES) No Particulars Textile Rayon Pulp & Paper Birla Estates H.O. Grand Total EBITDA (7) 11 100 (13) - 91 MAT Paid (14) (14) Dividend Paid ( Including Tax) - - Pulp & Paper Collections 218 218 Project Development Cost (156) (156) Net Change in Working Ca
Slide 33: Cash Flow – 9M FY23
32 CASH FLOW – 9M FY23 Real Estate (RS. IN CRORES) No Particulars Textile Rayon Pulp & Paper Birla Estates H.O. Grand Total EBITDA (13) 36 427 (26) 424 MAT Paid (46) (46) Dividend Paid ( Including Tax) (45) (45) Collections 647 647 Pulp & Paper Project Development Cost (678) (678) Net Change in Work
Slide 34: Outstanding Loan
33 OUTSTANDING LOAN (RS. IN CRORES) Real Estate 1,415@6.94% 1,315@6.21% 1,399@7.42% LTL - 7.85% 143 1,280@6.46% LTL - 8.30% 100 Pulp & Paper LTL - 6.40% 231 450 470 LTL - 6.96% 525 313 STL - 6.02% STL - 4.25% STL - 7.28% STL - 3.94% 270 Textiles NCD - 7.07% 650 650 NCD - 6.89% 650 NCD - 7.07% NCD -
Slide 35: Financial Performance
34 FINANCIAL PERFORMANCE Real Estate REVENUES* (RS. IN CRORES) EBITDA (RS. IN CRORES) PAT# (RS. IN CRORES) 1,061 (RS. IN CRORES) 4,131 499 3,944 3,423 3,609 378 2,616 600 487 Pulp & Paper 424 154 123 285 -15 FY19 FY20 FY21 FY22 9M FY23 FY19 FY20 FY21 FY22 9M FY23 FY19 FY20 FY21 FY22 9M FY23 * Revenu
Slide 36: Disclaimer
35 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 37: Thank You
36 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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