Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Century Textiles and Industries — Q3 FY21 Earnings Presentation
42 slides from Aditya Birla Real Estate's earnings presentation, Jan 22, 2021
Slide 1: Cover letter to stock exchanges
CENTURY Textiles and Industries Limited REGO. 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 – Q3 FY21
Century Textiles and Industries Limited Earnings Presentation – Q3 FY21
Slide 3: Table of Contents
2 TABLE OF CONTENTS Summary Real Estate Pulp and Paper Textiles Financials
Slide 4: Key Operational Highlights
3 KEY OPERATIONAL HIGHLIGHTS • The quarter marked a positive change in business sentiments as roll out of vaccine appeared imminent. • Overall operational efficiencies were very good; however market conditions impacted the financials for the quarter. • The Real Estate business saw excellent traction
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 123-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 158 42 854 37 757 109 18.5% 14.4% Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Summary TTM QUARTERLY PERFORMANCE 770 757 596 394 94 66 109 83 30 37 -36 -10 TURNOVER EBITDA PAT Q4 FY20 Q1 FY21 Q2
Slide 7: Segment Wise Consolidated Performance
6 SEGMENT WISE CONSOLIDATED PERFORMANCE (RS. IN CRORES) REAL ESTATE PAPER AND PULP TEXTILES 37 36 228 606 207 16.0% 14.0% 22.2% 489 10.6% 12.0% 21.8% 10.0% 8.0% 8.1% 5.3% 12.3% 6.0% 8 132 4.0% 3 60 22 12 2.0% 0.0% Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Summary Rental Income EBITDA EBITDA %
Slide 8: Nine Months Consolidated Performance
7 9 MONTHS CONSOLIDATED PERFORMANCE (RS. IN CRORES) EBITDA & EBITDA MARGINS TURNOVER PAT 2,561 511 298 1,747 19.9% 205 11.7% 9M FY20 9M FY21 9M FY20 9M FY21 -10 9M FY20 9M FY21 Summary REAL ESTATE PAPER AND PULP TEXTILES 1,842 600 30.0% 25.0% 107 107 11.2% 20.0% 22.6% 1,208 419 15.0% 29.0% 10.0% 22.
Slide 9: Real Estate
Real Estate Over 34 lakh sq. ft. under construction across 3 projects
Slide 10: Executive Summary - Real Estate
9 EXECUTIVE SUMMARY - REAL ESTATE • The B. K. Birla Group forayed into the real estate sector in 2016 Real Estate under the brand name ‘Birla Estates’. REVENUE (RS. IN CRORES) • The company is focused on developing land parcels owned by the 159 Group, as well as growing the business with joint devel
Slide 11: Step Towards More Focus on Growing Business
10 STEP TOWARDS MORE FOCUS ON GROWING BUSINESS Real Estate Strong Vision & Strategy Opportunities Pulp & Paper Strengths Leveraging: Encash on: Strong focus on: • Rapid urbanization and nuclearization of • Maintaining a capital efficient, asset light • The Birla Brand families model Textiles • Deliv
Slide 12: Q3-FY21 Key Operational Highlights – Real Estate
11 Q3-FY21 KEY OPERATIONAL HIGHLIGHTS – REAL ESTATE Real Estate • Residential demand was at healthy levels across regions in view of lower home loan interest rates & stamp duty cuts by State governments. • Pulp & Paper Sold inventory worth INR 159 Cr during Q3 FY21 with total sales in 9 months FY21
Slide 13: Market Outlook – Real Estate
12 MARKET OUTLOOK – REAL ESTATE Real Estate • With vaccine rollout there is fresh optimism for Q4-FY21 for the real estate sector. • Preceding nine months experience shows that pandemic induced restrictions will impact occupancy at the commercial assets going forward. Pulp & Paper Textiles Financial
Slide 14: Birla Estates Has Created Landmark Commercial Projects
13 BIRLA ESTATES HAS CREATED LANDMARK COMMERCIAL PROJECTS Real Estate Birla Aurora, Worli Birla Centurion, Worli • 2.55 Lakh sq. ft. of • 3.5 Lakh sq. ft. of Pulp & Paper commercial space commercial space • 22-storey building • 13-storey building Textiles Overview of the Buildings • Superior Quality
Slide 15: Summary of Portfolio Under Development
14 SUMMARY OF PORTFOLIO UNDER DEVELOPMENT Real Estate Land Area Area under Development Revenue Potential Location (in Acres) (in lakh sq. ft.) (in INR Crs) Worli – Residential 20.0 30.0* 9,500 Pulp & Paper Kalyan 22.0 13.1* 1,125 Total - Owned Parcels under 42.0 43.1 10,625 development Sec 63 A, Gur
Slide 16: Residential & Commercial Sales Highlights
15 RESIDENTIAL & COMMERCIAL SALES HIGHLIGHTS Real Estate % chg % chg % chg Particulars UOM Q3 FY21 Q3 FY20 Q2 FY21 YTD FY21 YTD FY20 YoY QoQ YoY Commercial Pulp & Paper Leasing Income Rs./Cr. 31.6 34.2 -8% 31.6 0% 96.1 102.1 -6% Average Rent Rs./sft 162.0 174.2 -7% 161.0 1% 163 173 -6% Realisation (
Slide 17: Birla Vanya, Kalyan – Project Details
16 BIRLA VANYA, KALYAN – PROJECT DETAILS (LAUNCHED – Q1 FY20) Real Estate Location Shahad, Kalyan Area 22 acres 13.12 lakh sq. ft. Pulp & Paper Saleable Area Phase 1 – 5.24 lakh sq. ft. launched Revenue Rs. 1,125 Crs Potential Architect Arch. Hafeez Contractor Textiles Residential – 1 BHK, 2 BHK, 3
Slide 18: Birla Alokya, Bengaluru – Project Details
17 BIRLA ALOKYA, BENGALURU (Outright) - PROJECT DETAILS (LAUNCHED - Q3 FY20) Real Estate Location Soukya Road, Bengaluru Area 8.1 acres Pulp & Paper Saleable Area 5.47 lakh sq. ft. Revenue Rs. 385 Crs Potential Architect Synergy Textiles Residential – 3-Bed and 4-Bed Product Type Villaments Cumulati
Slide 19: Birla Navya, Gurugram (JV) – Project Details
18 BIRLA NAVYA, GURUGRAM (JV) – PROJECT DETAILS Real Estate Location Sector 63 A, Gurugram, NCR Area 65 acres Pulp & Paper Saleable Area 36.5 lakh sq. ft. Revenue Rs. 4,415 Crs Potential Architect R Corp Textiles Product Type Residential – 2 BHK, 3 BHK & 4 BHK Launch Year October 2020 Achieved Booki
Slide 20: Century Mills, Worli – Project Details
19 CENTURY MILLS, WORLI – PROJECT DETAILS Real Estate Location Worli, Mumbai Area 20 acres Pulp & Paper Saleable Area 30 lakh sq. ft. Revenue Potential Rs. 9,500 Crs Textiles Architect Foster & Partners Residential – 2 BHK, 3 BHK, 4 BHK and Product Type 5 BHK Penthouse Launch Year FY 22 Financials C
Slide 21: Magadi Road, Bengaluru (JV) – Project Details
20 MAGADI ROAD, BENGALURU (JV) – PROJECT DETAILS Real Estate Location Magadi Road, Bengaluru Area 4.75 acres Pulp & Paper Saleable Area 5.97 lakh sq. ft. Revenue Potential Rs. 559 Crs Textiles Architect RSP Residential – 2 BHK, 2.5 BHK, 3 BHK & Product Type 4 BHK Launch Year FY 22 Financials Current
Slide 22: Pulp & Paper
Pulp & Paper Flag bearer in Paper Industry
Slide 23: Pulp & Paper - Executive Summary
22 PULP & PAPER - EXECUTIVE SUMMARY 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 quality, the compa
Slide 24: Step Towards More Focus on Growing Business
23 STEP TOWARDS MORE FOCUS ON GROWING BUSINESS Real Estate Strong Vision & Strategy Opportunities Pulp & Paper Strengths Leveraging: Encash on: Strong focus on: • India’s only integrated Pulp & Paper mill • Growth in tissue paper demand due to providing comprehensive solution from • Cash Conservatio
Slide 25: Q3-FY21 Key Operational Highlights – Pulp & Paper
24 Q3-FY21 KEY OPERATIONAL HIGHLIGHTS – PULP & PAPER Real Estate Pulp & Paper • During the quarter, sales volumes were marginally higher than Q2 at 96,283 MT’s with the capacity utilization for the quarter was 92%. Textiles • Due to gradual unlocking tissue segment saw some relief in the major consu
Slide 26: Market Outlook – Pulp & Paper
25 MARKET OUTLOOK – PULP & PAPER Real Estate • Post the unlock phases & with vaccine on the anvil, order flows are expected to improve with reopening of major consumption segments. • The partial opening up of education centres and announcement of CBSE Board Exam is likely to lead recovery of demand
Slide 27: Production & Sales
26 PRODUCTION & SALES Real Estate PRODUCTION QUANTITY (IN TONS) NET SALES QUANTITY (IN TONS) NET SALES (RS. IN CRORES) 316 PAPER 58,309 58,616 49,453 44,876 40,566 190 PRO RATA CAPACITY Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Pulp & Paper 45,000 BOARD 44,374 231 LAYER 39,543 221 MULTI 41,120
Slide 28: Macros
27 MACROS Real Estate NET SALES REALISATIONS (RS. PER/T) YoY (9)% QoQ (1)% YoY (13)% QoQ (8)% 56,859 51,900 52,594 51,870 49,052 45,183 Pulp & Paper DOMESTIC EXPORT Q3 FY21 Q3 FY20 Q2 FY21 Textiles 55,923 Financials 37,756 38,673 13,211 17,250
Slide 29: Textiles
Textiles World’s 2nd and India’s 1st LEED V4 certified textile mfg co.
Slide 30: Executive Summary – Century Textiles
29 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 31: Step Towards More Focus on Growing Business
30 STEP TOWARDS MORE FOCUS ON GROWING BUSINESS Real Estate Advantages Growth Drivers Pulp & Paper Strengths • State-of-the-Art Vertically Integrated • US-China trade war has increased demand Plant (Fibre to Finishing) • Increased penetration of organised of Indian products in USA retail, better demo
Slide 32: Q3-FY21 Key Operational Highlights – Textiles
31 Q3-FY21 KEY OPERATIONAL HIGHLIGHTS– TEXTILES Real Estate Pulp & Paper Textiles • With recovery in demand and good order inflow in the third quarter, plant was operating at 88% utilisation level. • Home textiles doing well both domestically as well as internationally because of people spending mor
Slide 33: Market Outlook - Textiles
32 MARKET OUTLOOK - TEXTILES Real Estate • Our focus remains on RMG, exports and online players keeping in mind the priority to run production at maximum capacity. • The business is expected to come back on track by the end of Q4-FY21 and will run full swing by mid-FY22. • Pulp & Paper With an incre
Slide 34: Macros
33 MACROS Real Estate CLOTH – CAPACITY UTILISATION NET SALES REALISATIONS OVERALL CONTRIBUTION (RS. PER/MTR) YoY QoQ YoY QoQ 102% 88% (3)% (6)% 20% 15% 238 (RS. PER/MTR) 9,319 9,525 207 8,187 198 (000 MTRS) 147 152 157 Pulp & Paper PRODUCTION - CLOTH DOMESTIC EXPORT PRO RATA CAPACITY Q3 FY20 Q3 FY21
Slide 35: Sales
34 SALES Real Estate CLOTH BED SHEETS YARN OTHERS NET SALES QUANTITY NET SALES QUANTITY NET SALES QUANTITY 755 8,583 503,749 (NO. OF SETS) 7,534 Pulp & Paper 436,653 (000 MTRS) (TONS) 403 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Q3 FY20 Q3 FY21 Textiles NET SALES NET SALES NET SALES NET SALES 53 36 134 21 (R
Slide 36: Financial Summary
Financial Summary 35
Slide 37: Profit & Loss – Q3 FY21
36 PROFIT & LOSS – Q3 FY21 Real Estate (RS. IN CRORES) Q3 FY 21 Variance Q on Q Variance Y on Y Particulars Q3 FY 20 Q2 FY 21 Actual Amount % Amount % Continuing Operations Sales Textiles 195 125 216 91 73% 21 11% Pulp & Paper Pulp & Paper 606 419 489 70 17% -117 -19% Real Estate 37 35 36 1 3% -1 -3
Slide 38: Cash Flow – Q3 FY21
37 CASH FLOW – Q3 FY21 Real Estate (RS. IN CRORES) Pulp & Birla Sub Yarn & Grand Particulars Textile Rayon H.O. Paper Estates Total Denim Total EBITDA 1 12 60 8 28 109 (7) 101 MAT Paid - - Pulp & Paper Dividend Paid (Including Tax) - - Net Change in Working Capital 8 (9) 17 (20) (4) (4) Income Tex R
Slide 39: Statement of Outstanding Loan
38 STATEMENT OF OUTSTANDING LOAN (RS. IN CRORES) Real Estate O/s as on O/s as on O/s as on Particulars 31/03/20 30/09/20 31/12/20 Long Term Loans 202 465 580 Average Rate of Interest 7.79% 6.85% 6.85% Pulp & Paper Short Term and Working Capital Loans 57 440 79 Average Rate of Interest 6.48% 4.04% 3.
Slide 40: Financial Analysis
39 FINANCIAL ANALYSIS Real Estate REVENUES (RS. IN CRORES) EBITDA (RS. IN CRORES) PAT (RS. IN CRORES) 1,061 (RS. IN CRORES) 3,947 3,944 499 3,423 851 378 600 280 1,777 Pulp & Paper 205 -10 FY18 FY19 FY20 9M- FY21 FY18 FY19 FY20 9M- FY21 FY18 FY19 FY20 9M- FY21 Textiles NET WORTH (RS. IN CRORES) NET
Slide 41: Disclaimer
40 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 42: Thank You
41 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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