Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q4 FY23 Earnings Presentation
36 slides from Aditya Birla Real Estate's earnings presentation, Apr 25, 2023
Slide 1: Stock exchange cover letter for earnings presentation
ADITYA BIRLA CENTURY SH/Xll/2023 2Stb Aprll, 2023 Corporate Relationship Department Listing Department BSELimlted 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: Q4 FY23 Earnings Presentation
Century Textiles and Industries Limited Q4 FY23 Earnings Presentation
Slide 3: Table of Contents
2 TABLE OF CONTENTS Summary Real Estate Pulp and Paper Textiles Financials
Slide 4: Q4 FY23: Key Operational Highlights
3 Q4 FY23: KEY OPERATIONAL HIGHLIGHTS Birla Niyaara became the highest selling project in MMR in Q4 FY23, with sales of over INR 2,300 Crs. and 80% of inventory already sold since its successful launch in FY22. In Q4, EBITDA increased about 2X and 3X as compared to Q4 FY22 and Q3 FY23, respectively.
Slide 5: Quarterly Consolidated Performance at a Glance
4 QUARTERLY CONSOLIDATED PERFORMANCE AT A GLANCE (RS. IN CRORES) TURNOVER EBITDA & EBITDA MARGINS PAT 99% 69% -0.1% 1,188 1,150 1,187 265 * 142 3.2% 22.3% 1% 19 84 133 9% 92 91 1, 11.2% 7.9% 7 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 Summary TTM QUARTERLY PERFORMANCE 1
Slide 6: Quarterly Segment-wise Consolidated Performance
5 QUARTERLY SEGMENT-WISE CONSOLIDATED PERFORMANCE (RS. IN CRORES) REAL ESTATE PULP AND PAPER TEXTILES 3% 10% -28% 36 36 37 910 307 3% 825 863 -1111117 5% 32.7% 3.6% 237 -6% 222 -36.2% I -3.0% 14.9% 11.6% 298* -47.2% Q4 FY22 -17 Q3 FY23 -13 -67.6% Q4 FY23 -25 - .. 123 100 11 Q4 FY22 Q3 FY23 -7 -11.3%
Slide 7: FY23 Consolidated Performance
6 FY23 CONSOLIDATED PERFORMANCE (RS. IN CRORES) TURNOVER EBITDA & EBITDA MARGINS PAT 4,719 687 265 16% 38% 498* 64% 4,068 162* 12.2% 14.6% FY22 FY23 FY22 FY23 FY22 FY23 Summary REAL ESTATE PAPER AND PULP TEXTILES 140 3,572 1,036 -8% 5 0 . % 137 951 -2% 27% 4 0 . % 2,818 3 0 . % 20.3% -15.7% 15.0% 2
Slide 8: Real Estate
'"" ~l'l'OF'\1,.'\~'\. BIRLA ESTATES 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 t MAJOR TAKEAWAYS I I MARKET OUTLOOK I I I • The Indian Real Estate sector is currently in an upcycle, ■ • Achieved sales of INR 2,183 Crs. in FY23 registering a growth of I - I 14% compared to FY22. I undergoing one of its best phases in more than a decade
Slide 10: Projects Update
9 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
Slide 11: Residential & Commercial Sales Highlights
10 RESIDENTIAL & COMMERCIAL SALES HIGHLIGHTS Real Estate Units of % change % change % change Particulars Q4 FY23 Q4 FY22 Q3 FY23 FY23 FY22 Measurement YoY QoQ YoY ■ - - Pulp & Paper Commercial Net Leasing Income Rs. Cr. 30 28 7% 28 7% 110 108 2% ■ ' Residential Textiles Booking Value Rs. Cr. 806 1,3
Slide 12: ESG – Real Estate – Environment
11 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – REAL ESTATE – FY 23 Real Estate ENVIRONMENT We tied up with BMC to provide ‘Exercise + Green’ bus stops on the Pandurang Budhkar Vanotsav – a customer engagement Marg event with Green theme ■ - - Pulp & Paper ■ ' Textiles ■ Financials ■I
Slide 13: ESG – Real Estate – Social
12 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – REAL ESTATE – FY 23 Real Estate SOCIAL Masterclass – an online customer engagement event promoting Medical and Blood Donation Camp at the Vanya, Navya, Niyaara and healthy living Tisya project sites as part of National Safety Week Celebrations ■ - - Pulp & Pa
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 production and sales volume for Q4 FY23 increased by 1% • Writing & Printing paper (WPP) demand is expected to remain low ■ - - and 11% respectively over the previous quarter. Capacity utilization due to seasonal i
Slide 16: Q4 FY23: Production & Sales
15 Q4 FY23: PRODUCTION & SALES CENTURY Real Estate Quarter Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 1,40,000 1,200 -4% -12% ■ = 1,20,000 1,20,283 1,16,699 1% 1 1,12,234 1,21,232 5,845 5% 7 10% Pulp & P
Slide 17: FY23: Production & Sales
16 FY23: PRODUCTION & SALES CENTURY Real Estate Annual Production Qty (Tons) Net Sales Qty (Tons) Sales (INR Crs) Capacity FY22 FY23 FY22 FY23 FY22 FY23 4,000 4,81,130 -4% 3,572 ■ 5,00,000 4,75,884 2 -- 7% 31,320 4,55,225 4,53,917 -8% 3,500 136 4% 10% Pulp & Paper 46,108 4% 18,594 27% 10% 4,19,059 5
Slide 18: Net Sales Realization (NSR) Movement
17 NET SALES REALIZATION (NSR) MOVEMENT CENTURY PuLP I Pl.~EI NSR MOVEMENT (INR/TONS) Real Estate 94,865 94,401 93,751 86,133 ■ . = 67,312 77,358 84,255 87,679 82,705 ~- YoY QoQ . 21% I -6% I 68,131 -- Pulp & Paper YoY QoQ l 40% l 0% I - Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 -+- Domestic Export ■
Slide 19: Macros – Q4 FY23
18 MACROS – Q4 FY23 CENTURY PuLP I Pl.~EI Real Estate SEGMENTAL CONTRIBUTION OVERALL CONTRIBUTION (RS. PER/MT) YoY QoQ YoY QoQ YoY QoQ YoY QoQ Q4 FY23 215% 42% -94% -63% 49% 148% 64% 22% 83,254 39,445 ■ . 33,281 32,460 (RS. PER/MT) = 63,485 23,401 23,980 Pulp & Paper 18,266 17,383 19,769 . 1. _1_ I
Slide 20: ESG – Pulp & Paper
19 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER Real Estate ENVIRONMENT SOCIAL ■ - - Pulp & Paper Textiles Development of grassland and water holes for wildlife at Forest Division ► Installation of 37 Nos. of Hand pumps for drinking water at Bindukhatta, Lalkua & Haldwani Shanti Puri. Catering
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 continued to be under pressure with a • Macroeconomic headwinds are expected to subside by H2 FY24 ■ - low to medium footfall across the segment in the retail sector. Q4 on account of upcoming electi
Slide 23: Q4 FY23: Production & Sales
22 Q4 FY23: PRODUCTION & SALES Real Estate Quarter Production Qty (000 mtrs) Sales Qty (000 mtrs) Sales (INR Crs) Capacity Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 400 -9% -28% ■ 12,000 - 11,337 350 -8% 1,350 5% Pulp & Paper 12% 10,343 308 10,000 9,824 1,100 300 9,135
Slide 24: FY23 Production & Sales
23 FY23 PRODUCTION & SALES Real Estate Annual Production Qty (000 mtrs) Sales Qty (000 mtrs) Sales (INR Crs) Capacity FY22 FY23 FY22 FY23 FY22 FY23 45,000 1,200 -2% 41,301 40,359 40,000 1,037 -8% ■ - 37,485 6,721 4,151 951 16% 10% 1,000 -1% 34,089 Pulp & Paper 35,000 7,200 33,709 263 25% 19% 120 13%
Slide 25: Net Sales Realization (NSR) Movement
24 NET SALES REALIZATION (NSR) MOVEMENT* ■ Avg NSR ■ EBITDA per Mtr % EBITDA (INR / MTR) Real Estate 206 211 215 198 194 ■ YoY QoQ -2% -10% Pulp & Paper 6 3% 1 0.4% -4 -2.1% -7 -3.3% -9 -4.5% Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 ■ -+- Export - Domestic Textiles 383 380 378 353 330 YoY QoQ I 15% I
Slide 26: Macros – Q4 FY23
25 MACROS – Q4 FY23 Real Estate FABRIC CONTRIBUTION OVERALL CONTRIBUTION (RS. PER/MTR) Q4 FY23 YoY QoQ YoY QoQ -8% -5% 1% -5% 194 ■ - 76 72 - 71 - (RS. PER/MTR) 151 (RS. PER/KG) Pulp & Paper 44 40 39 37 Ill APPARELS BED LINEN TOTAL NSR TOTAL VARIABLE COST Q4 FY22 OVERALL CONTRIBUTION ■ ■ Q4 FY22 ■ Q
Slide 27: ESG – Textiles
26 ENVIRONMENT SOCIAL GOVERNANCE (ESG) – TEXTILES Real Estate ENVIRONMENT SOCIAL GOVERNANCE r------------------------------------ CSR initiative of ■ Social •'"°"~" - P. r.fo r.mance BIRLA CENTURY, JHAGADIA ~-~ ORGANIC ~~o~•~ Pulp & Paper Mlik15- i~ol) 6'1Gll ~~d)ot1 MJlfct Wl~\lll Mo ,, 2 64029259
Slide 28: Financial Summary
Financial Summary Excellent financial performance during the quarter as compared to Q3 FY23 27
Slide 29: Profit & Loss: Q4 FY23
ADITYA BIRLA 28 PROFIT & LOSS : Q4 FY23 (INR CRORES) Real Estate Variance Particulars Q4 FY22 Q3 FY23 Q4 FY23 YoY % QoQ % ■ Continuing Operations - Total Income 1,218 1,173 1,218 0% 4% Pulp & Paper Total Sales 1,188 1,150 1,187 0% 3% Total EBITDA 133 91 265 99% 191% Less: Finance cost ■ 15 12 14 -7%
Slide 30: Profit & Loss: FY23
ADITYA BIRLA 29 PROFIT & LOSS : FY23 (INR CRORES) Real Estate Variance Particulars FY22 FY23 YoY % Continuing Operations Total Income 4,174 4,827 16% ■ - Total Sales 4,068 4,719 16% Pulp & Paper Total EBITDA 487 687 41% Less: Finance cost 52 54 4% Less: Depreciation 231 227 -2% ■ ' PBT 204 407 100%
Slide 31: Historical Consolidated Financial Performance
30 HISTORICAL CONSOLIDATED FINANCIAL PERFORMANCE Real Estate (RS. IN CRORES) Particulars FY19 FY20 FY21 FY22 FY23 Continuing Operations ■ Sales - Textiles 765 735 582 1,036 951 Pulp & Paper Pulp & Paper 2,643 2,383 1,774 2,818 3,572 Real Estate 159 146 142 140 137 Others 66 67 69 74 59 '' '' Total S
Slide 32: Cash Flow – Q4 FY23
ADITYA BIRLA 31 CASH FLOW – Q4 FY23 Real Estate (RS. IN CRORES) No Particulars Textile Rayon Pulp & Paper Birla Estates H.O. Grand Total EBITDA-Normal Business (25) 17 164 (25) - 131 ■ EBITDA-Exceptional Item 156 156 - MAT Paid (25) (25) Pulp & Paper Collections 215 215 Project Development Cost (224
Slide 33: Cash Flow – FY23
32 CASH FLOW – FY23 Real Estate (RS. IN CRORES) No Particulars Textile Rayon Pulp & Paper Birla Estates H.O. Grand Total EBITDA-Normal Business (38) 52 591 (50) 555 EBITDA-Exceptional Item 156 156 ■ - MAT Paid (71) (71) Pulp & Paper Dividend Paid ( Including Tax) (45) (45) Collections 861 861 Projec
Slide 34: Outstanding Loan
ADITYA BIRLA 33 OUTSTANDING LOAN (RS. IN CRORES) Real Estate 1,415@6.94% 1,399@7.42% 1,315@6.21% ■ LTL - 7.85% 143 100 ■ ■ LTL - 8.30% 1,039@7.45% Pulp & Paper ■ LTL - 6.40% 231 450 470 ■ LTL - 8.70% 56 ■ STL - 6.02% ■ STL - 7.28% 199 313 ■ STL - 4.25% ■ ■ STL - 8.33% 650 Textiles ■ NCD - 7.07% ■ NC
Slide 35: Financial Performance
34 FINANCIAL PERFORMANCE REVENUES* (RS. IN CRORES) EBITDA (RS. IN CRORES) PAT# (RS. IN CRORES) Real Estate 1,061 499 4,827 . 3,944 4,174 378 3,423 687 . ■ 600 265 2,616 487 154 285 (RS. IN CRORES) + -15 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 Pulp & Paper FY19 FY20 FY21 FY22 FY23 # PAT rep
Slide 36: Thank You
35 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 FY23 Earnings Presentation on 6ix