Aditya Birla Real Estate Ltd · NSE:ABREL
Aditya Birla Real Estate — Q2 FY25 Earnings Presentation
39 slides from Aditya Birla Real Estate's earnings presentation, Oct 22, 2024
Slide 1: Aditya Birla Real Estate Limited
ADITYA BIRLA CENTURY SH/XII/2024 z2nd October, 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-4
Slide 2: Earnings Presentation Q2/H1-FY25
Earnings Presentation Q2/H1-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 ENTERTAINMENT SERVICES Global Top 3 India Top 3 DIGITAL TRADING VENTURE CAPITAL DINING & CELLULOSIC FIBRE PLATFORMS EXPERIENCES & TEXTILE
Slide 5: Aditya Birla Real Estate Limited Snapshot
ADITYA BIRLA REAL ESTATE LIMITED SNAPSHOT (Formerly Century Textiles And Industries Limited) 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 locat
Slide 6: Q2 FY25: Key Operational Highlights
Q2 FY25: KEY OPERATIONAL HIGHLIGHTS ‣ All continuing businesses performed well with consolidated turnover rising 32% YoY and EBITDA increasing 50% YoY. ‣ Stellar performance by Real Estate business with Booking Value (Sales) increasing 99% YoY and Collections increasing 157% YoY. ‣ Strategically exp
Slide 7: Q2 & H1-FY25: Financial Highlights
Q2 & H1-FY25: FINANCIAL HIGHLIGHTS For Continuing Operations* TURNOVER (₹ Cr) EBITDA (₹ Cr) & EBITDA MARGINS (%) PAT (₹ Cr) 32% 50% 218% 125 28 1,140 1,121 99 852 13 66 11.0% 8.8% 7.7% -11 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 TURNOVER (₹ Cr) EBITDA (₹ Cr) & EBITDA
Slide 8: Q2 & H1-FY25: Business Segment Contribution
Q2 & H1-FY25: BUSINESS SEGMENT CONTRIBUTION For Continuing Operations REVENUE PIE : Q2 FY24 REVENUE PIE – Q2 FY25 Others Others Real Estate Real Estate 1% 1% 5% 23% Pulp & Paper Pulp & Paper 94% 76% EBITDA BREAKUP (₹ Cr) 125 EBITDA BREAKUP (₹ Cr) 18 99 213 66 223 12 22 12 29 65 59 76 124 220 42 28 -
Slide 9: Quarterly Segment-wise Performance
QUARTERLY SEGMENT-WISE PERFORMANCE REAL ESTATE PULP AND PAPER REVENUE (₹ Cr) REVENUE (₹ Cr) 535% 7% 338 854 254 799 786 40 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 EBITDA (₹ Cr) & EBITDA (%) EBITDA (₹ Cr) & EBITDA (%) 42 76 65 59 28 12.4% 11.0% 9.5% 8.3% -55.0% 6.9% -22 Q2 FY24 Q1 FY25 Q2 FY2
Slide 10: Half Yearly Segment-wise Performance
HALF YEARLY SEGMENT-WISE PERFORMANCE REAL ESTATE PULP AND PAPER REVENUE (₹ Cr) REVENUE (₹ Cr) 676% 0.4% 590 1,635 1,641 76 H1 FY24 H1 FY25 H1 FY24 H1 FY25 EBITDA (₹ Cr) & EBITDA (%) EBITDA (₹ Cr) & EBITDA (%) 220 70 124 11.9% 13.5% -38.2% 7.6% H1 FY24 H1 FY25 -29 H1 FY24 H1 FY25 SUMMARY 9
Slide 11: Real Estate
Real Estate ~ ₹ 68,000 Crores GDV across 4 regions
Slide 12: Pan India Footprint
Pan India NCR Footprint Birla Navya, Golf Course Ext. Rd. Projects with a revenue potential of more than Mathura road, Delhi INR 68,000 Crs Mumbai Sector 31, Gurugram Metropolitan Sector 71, Gurugram Region Birla Vanya, Kalyan Birla Niyaara, Worli Birla Anayu, Mumbai Thane, MMR Worli New Plot, MMR B
Slide 13: Q2 FY25 Key Highlights – Real Estate
Q2 FY25 KEY HIGHLIGHTS – REAL ESTATE MAJOR TAKEAWAYS MARKET OUTLOOK • Acquired ownership rights for 10 acres of land parcel in Worli, • India's residential real estate market is experiencing a robust MMR with a GDV of INR 14,000 Cr. demand fueled by high-net-worth individuals, non-resident Indians (
Slide 14: Operational Highlights – Q2 & H1-FY25
OPERATIONAL HIGHLIGHTS – Q2 & H1- FY25 QUARTERLY PERFORMANCE HALF-YEARLY PERFORMANCE Booking Value Collections Booking Value Collections INR 1,412 Crore INR 644 Crore INR 1,674 Crore INR 1,132 Crore Area Sold Net Total Income Area Sold Net Total Income 1.31 mn. Sq. ft. INR 93 Crore 1.38 mn. Sq. ft.
Slide 15: Key Performance Indicators
KEY PERFORMANCE INDICATORS Booking Value (₹ Cr) Collection Value (₹ Cr) 3,985 1,323 1,132 861 2,183 1,913 1,674 351 464 621 154 84 FY20 FY21 FY22 FY23 FY24 H1 FY25 FY20 FY21 FY22 FY23 FY24 H1 FY25 Units Sold (No.) Area Sold (lakhs sqft) 934 17.0 870 13.8 685 630 11.4 11.7 550 337 6.4 6.5 FY20 FY21 F
Slide 16: Launched Residential Projects
LAUNCHED RESIDENTIAL PROJECTS Birla Navya, Birla Vanya, Birla Alokya, Birla Niyaara, Project (Golf Course Extension, (Kalyan, MMR) (Whitefield, Bengaluru) (Worli, Mumbai) Gurugram) Project Photo Q4 FY21-22 (Phase 1) Launch Period Q1 FY19-20 Q3 FY19-20 Q3 FY 20-21 Q4 FY23-24 (Phase 2) Land Area 22 ac
Slide 17: Launched Residential Projects
LAUNCHED RESIDENTIAL PROJECTS Birla Tisya, Birla Trimaya, Birla Anayu Birla Ojasvi Project (Rajajinagar, Bengaluru) (Devanahalli, Bengaluru) (Walkeshwar, Mumbai) (RR Nagar, Bengaluru) Project Photo Q2 FY23-24 (Phase 1) Launch Period Q3 FY21-22 Q2 FY24-25 Q2 FY24-25 Q2 FY24-25 (Phase 2) Land Area 5 a
Slide 18: Residential Portfolio
RESIDENTIAL PORTFOLIO City-wise Launch and Sales (million Sq. Ft.) Ongoing Upcoming Saleable Saleable GDV GDV 76% 85% Particulars Area Area (Cr) (Cr) (Mn Sqft) (Mn Sqft) 3.66 3.18 3.11 MMR 3.1 10,253 10.1 32,884 2.41 99% Bengaluru 3.7 3,139 5.0 4,619 1.17 1.16 NCR 1.2 1,588 5.5 10,580 Pune - - 4.8 5
Slide 19: Project Launches
PROJECT LAUNCHES 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 Sec 31, Gurugram ₹ 68,000 Crores Sangamwadi, Pune; Sarjapur, Bengaluru; Thane, MMR; Birla Navya (P3); Birla Trimaya (P3) FY 24 GDV – ₹ 5,500 Crore
Slide 20: Environment, Social and Governance (ESG) – Real Estate
ENVIRONMENT, SOCIAL AND GOVERNANCE (ESG) – REAL ESTATE ENVIRONMENT SOCIAL GRESB: Birla Estates scored 96 against last ‣ Employees of our company participated in year’s 91 in Development Benchmark the donation drive to contribute their share (Residential) and 90 against last year’s 80 in to AWOO Foun
Slide 21: Pulp & Paper
Pulp & Paper Turning a New Leaf
Slide 22: Key Highlights – Pulp & Paper
KEY HIGHLIGHTS – PULP & PAPER MAJOR TAKEAWAYS MARKET OUTLOOK ‣ In Q2 FY25, Production and Sales volumes increased by 8% YoY and 13%YoY ‣ Writing and Printing paper demand is expected to improve in Q3 FY25, driven respectively. Sales volumes increased by 10% QoQ driven by growth in board segment. by
Slide 23: Q2 FY25: Production & Sales
Q2 FY25: PRODUCTION & SALES Production (Tons) Net Sales Qty (Tons) Sales (INR Cr) Q2 Q1 QoQ Q2 Q2 Q1 QoQ Q2 Q2 Q1 QoQ Q2 Particulars YoY % YoY % YoY % FY25 FY25 % FY24 FY25 FY25 % FY24 FY25 FY25 % FY24 Paper 52096 54,579 -5% 54,334 -4% 55976 53,655 4% 53,038 6% 368 354 4% 394 -7% Board 49881 45,583
Slide 24: H1 FY25: Production & Sales
H1 FY25: PRODUCTION & SALES Production (Tons) Net Sales Qty (Tons) Sales (INR Cr) Particulars H1 FY25 H1 FY24 YoY % H1 FY25 H1 FY24 YoY % H1 FY25 H1 FY24 YoY % Paper 1,06,675 1,06,572 0% 1,09,631 1,02,791 7% 722 822 -12% Board 95,464 80,454 19% 95,215 79,088 20% 647 559 16% Tissue 25,390 23,472 8% 2
Slide 25: Net Sales Realization (NSR) Movement
NET SALES REALIZATION (NSR) MOVEMENT NSR Movement (INR/Tons) YoY QoQ 86,928 83,376 80,406 78,680 76,097 -4% 0% 72,015 71,902 69,411 69,501 69,277 YoY QoQ Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 10% 4% Domestic Export NSR AND EBITDA YoY QoQ 72,347 72,189 70,591 70,381 69,798 -4% -1% 7,063 11,077 5,33
Slide 26: Macros – Q2 FY25
MACROS – Q2 FY25 SEGMENTAL CONTRIBUTION YoY QoQ YoY QoQ OVERALL CONTRIBUTION (Rs. Per/MT) YoY QoQ YoY QoQ -30% -11% 38% -47% -24% -4% 4% 13% 25,608 19,463 20,286 17,411 17,305 16,635 15,326 (RS. PER/MT) 13,538 12,114 4,367 2,318 1,675 PAPER MULTILAYER PACKAGING TISSUE PULP BOARD Q2 FY25 Q2 FY24 Q1 F
Slide 27: Environment Social Governance (ESG) – Pulp & Paper
ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER ENVIRONMENT SOCIAL ‣ Fogging using mosquito repellent sprays is also regularly being carried to prevent malaria and dengue. ‣ Cleaning & shifting of garbage from Hathikhana, Rajeev Nagar Colony, Bengali Colony slum areas is being carried out on regu
Slide 28: Financial Summary
Financial Summary Average Financial performance in Q2- FY25
Slide 29: Profit & Loss: Q2 FY25
PROFIT & LOSS : Q2 FY25 (₹ In Crores) Particulars Q2 FY24 Q1 FY25 Q2 FY25 YoY % QoQ % Continuing Operations Total Income 874 1168 1138 30% -3% Total Sales 852 1140 1121 32% -2% Total EBITDA 66 125 99 50% -21% Less: Finance cost 10 12 17 70% 42% Less: Depreciation 51 55 55 8% 0% PBT 5 58 27 440% -53%
Slide 30: Profit & Loss: H1 FY25
PROFIT & LOSS : H1 FY25 (₹ In Crores) Particulars H1 FY24 H1 FY25 YoY % Continuing Operations Total Income 1774 2306 30% Total Sales 1740 2260 30% Total EBITDA 213 223 5% Less: Finance cost 16 29 81% Less: Depreciation 102 110 8% PBT 95 84 -12% Share of Profit in JV-(BAKPL) -11 -8 Exceptional Items*
Slide 31: Cash Flow – Q2 FY25
CASH FLOW – Q2 FY25 (₹ In Crores) Discontinued Continuing operations Operations Grand No Particulars Total Birla Estates Pulp & Paper Rayon H.O. Total Textiles EBITDA-Normal Business 28 59 12 0 99 -13 86 MAT / Advance Tax Paid 0 - - -8 -8 - -8 Collections 643 - - - 643 - 643 Project Development Cost
Slide 32: Cash Flow: Q2 FY25
CASH FLOW : Q2 FY25 (₹ In Crores) REAL ESTATE PULP & PAPER FINANCIALS 31
Slide 33: Cash Flow – H1 FY25
CASH FLOW – H1 FY25 (₹ In Crores) Discontinued Continuing operations Operations Grand No Particulars Total Birla Estates Pulp & Paper Rayon H.O. Total Textiles EBITDA-Normal Business 70 124 26 3 223 -27 196 MAT / Advance Tax Paid 0 - - -16 -16 - -16 Income Tax Refund 0 - - 31 31 - 31 Collections 113
Slide 34: Cash Flow: H1 FY25
CASH FLOW : H1 FY25 (₹ In Crores) REAL ESTATE PULP & PAPER FINANCIALS 33
Slide 35: Outstanding Loan
OUTSTANDING LOAN 4687@8.23% 847 LTL - 8.63% 2,906@8.18% 2,482@8.22% LTL - 8.52% 505 772 LTL - 8.50% 250 2243@7.93% STL - LTL - 8.60% 30 211 - 50 8.08% STL - 7.42% STL - 8.60% STL - 0% 1,050 1,062 1,062 1,962 NCD - 7.92% NCD - 7.74% NCD - 7.74% NCD - 7.16% 1,143 1,140 1,128 BEPL - BEPL - BEPL - 1,106
Slide 36: 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 2,260 285 223 40 -15 FY21 FY22 FY23 FY24 H1 FY25 FY21 FY22 FY23 FY24 H1 FY25 FY21 FY22 FY23 FY24 H1 FY25 # PAT represents net profit from co
Slide 37: Creating Shareholder Value: A Transformative Journey
CREATING SHAREHOLDER VALUE: A TRANSFORMATIVE JOURNEY Relative Price Performance up to 30th September, 2024 3 Year Price CAGR: Aditya Birla Real Estate Limited: 25% Sensex: 9% 1000% BSE Realty: 20% 800% 600% 400% 200% 0% -200% Apr-20 Oct-20 Apr-21 Oct-21 Apr-22 Oct-22 Apr-23 Oct-23 Apr-24 Aditya Birl
Slide 38: Disclaimer
DISCLAMER Aditya Birla Real Estate 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 are in al
Slide 39: 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
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