Slides
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Aditya Birla Real Estate Limited (Formerly Century Textiles And Industries Limited) Earnings Presentation Q3/9M-FY25
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2 TABLE OF CONTENTS Overview Real Estate Pulp & Paper Financials
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SUMMARY 3 ADITYA BIRLA GROUP AT A GLANCE USD 66 billion* Revenues Conglomerate 180K+ Employees 40+ Countries 300 million+ Loyal Customer Base 400K+ Dealers & Partners 60+ Mergers & Acquisitions (M&A) and JVs Undertaken 130+ State-of-the-Art Global Manufacturing Facilities USD 70 billion Capital Invested by the Group across Businesses over the last 15-Years <1x Net Debt to EBITDA Excl. financial services & Telecom 100+ Nationalities Global Top 3 India Top 3 Future Growth Engine PAINTS CARBON BLACK REAL ESTATE VENTURE CAPITAL CELLULOSIC FIBRE & TEXTILES MINING ENTERTAINMENT METALS CHEMICALS DIGITAL PLATFORMS *As of FY24 and at constant currency for 2 years RENEWABLE TELECOM JEWELLER Y CEMENT FINANCIAL SERVICES TRADING FASHION & RETAIL PULP & FIBRE DINING & EXPERIENCES
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125-year-old rich legacy built under the leadership of Mr. B. K. Birla One of the most trusted brands in the country Diversified conglomerate with presence in Real Estate and Paper Strong management team with experienced industry professionals Unwavering focus on quality, innovation and sustainability across all business verticals Largest manufacturing facility for pulp & paper under one roof Robust project pipeline of owned and joint development land parcels under the Real Estate division with an initial focus on 4 major cities Home of the real estate arm of Aditya Birla Group with a valuable portfolio of land parcels across premium locations ADITYA BIRLA REAL ESTATE LIMITED SNAPSHOT 4SUMMARY 4 (Formerly Century Textiles And Industries Limited)
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Q3 FY25: KEY OPERATIONAL HIGHLIGHTS ‣ In Q3 FY25, Real Estate business performed very well with Booking Value (Sales) increasing 257% YoY and Collections increasing 175% YoY. ‣ Adhering to commitment of diversifying portfolio while catering to demand for spacious homes, Real Estate business has acquired a 70-acre land parcel in Boisar for a plotted development project. ‣ All continuing businesses performed well with consolidated turnover rising 18% YoY in 9M FY25. SUMMARY 5 Driven by key enablers like infrastructure investments, policy reforms and sustainability efforts, our businesses are expected to perform better in Q4
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Q3 & 9M-FY25: CONSOLIDATED FINANCIAL HIGHLIGHTS Total Net Debt Outstanding is ~Rs. 4,317 Cr. as on 31st December 2024 SUMMARY 6 For Continuing Operations* * Excluding Net Losses from discontinued operations 223 99 18 22.7% 8.8% 1.9% Q3 FY24 Q2 FY25 Q3 FY25 982 1,121 946 Q3 FY24 Q2 FY25 Q3 FY25 TURNOVER EBITDA & EBITDA MARGINS 103 12 -37 Q3 FY24 Q2 FY25 Q3 FY25 PAT -4% -92% -136% TURNOVER EBITDA & EBITDA MARGINS PAT 2,722 3,206 9M FY24 9M FY25 436 241 16.0% 7.5% 9M FY24 9M FY25 145 3 9M FY24 9M FY25
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Q3 & 9M-FY25: BUSINESS SEGMENT CONTRIBUTION SUMMARY 7 For Continuing Operations 29 48 352 152 54 41 9M FY24 9M FY25 Real Estate Pulp & Paper Others EBITDA BREAKUP (₹ Cr) 63 28 -23 132 59 28 28 12 13 Q3 FY24 Q2 FY25 Q3 FY25 Real Estate Pulp & Paper Others EBITDA BREAKUP – Y-o-Y 223 18 99 REVENUE PIE : Q3 FY24 Pulp & Paper 90% Real Estate 9% Others 1% Pulp & Paper 78% Real Estate 20% Others 2% REVENUE PIE : Q3 FY25 436 241
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PULP AND PAPER QUARTERLY SEGMENT-WISE PERFORMANCE SUMMARY 8 REAL ESTATE 132 59 28 15.0% 6.9% 3.8% Q3 FY24 Q2 FY25 Q3 FY25 63 28 -23 73.3% 11.0% -12.6% Q3 FY24 Q2 FY25 Q3 FY25 EBITDA (₹ Cr) & EBITDA (%)EBITDA (₹ Cr) & EBITDA (%) 881 854 742 Q3 FY24 Q2 FY25 Q3 FY25 85 254 184 Q3 FY24 Q2 FY25 Q3 FY25 117% -16% REVENUE (₹ Cr)REVENUE (₹ Cr)
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PULP AND PAPER 9 MONTHS SEGMENT-WISE PERFORMANCE SUMMARY 9 REAL ESTATE 352 15214.0% 6.4% 9M FY24 9M FY25 29 48 18.0% 6.2% 9M FY24 9M FY25 EBITDA (₹ Cr) & EBITDA (%)EBITDA (₹ Cr) & EBITDA (%) 2,516 2,382 9M FY24 9M FY25 163 776 9M FY24 9M FY25 375% -5% REVENUE (₹ Cr)REVENUE (₹ Cr)
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Real Estate ~ ₹ 63,350 Crores GDV across 4 regions
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1111 REAL ESTATE PULP & PAPER FINANCIALS 1111 Bengaluru NCR Birla Navya, Golf Course Ext. Rd. Mathura road, Delhi Sector 31, Gurugram Sector 71, Gurugram Birla Alokya, Whitefield Birla Tisya, Magadi road Birla Trimaya, Devanhalli Birla Ojasvi, RR Nagar Sarjapur Pan India Footprint Mumbai Metropolitan Region Pune Birla Vanya, Kalyan Birla Niyaara, Worli Birla Centurion, Worli (C) Birla Aurora, Worli (C) Birla Anayu, Mumbai Thane, MMR Manjri, Pune Wellesley Road Launched Projects Unlaunched Projects Projects with a revenue potential of more than INR 63,350 Crs Worli New Plot, MMR Boisar, MMR
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Q3 FY25 KEY HIGHLIGHTS – REAL ESTATE MAJOR TAKEAWAYS MARKET OUTLOOK • Acquired 71 acres of land parcel in Boisar, MMR for our first- ever plotted development project. • Birla Aurora, has been awarded the prestigious “Net Zero Energy – Existing Building” certification by the Indian Green Building Council. • Birla Anayu, Walkeshwar has received LEED Gold pre- certification, reaffirming our commitment to energy efficiency and global sustainability. • Indian residential real estate sector remains optimistic, driven by strong fundamentals and evolving consumer preferences. • Increasing urbanization, rising disposable incomes, and government investments in infrastructure are driving sustained growth in the sector. • With the ongoing reduction in unsold inventory, India's real estate sector is strategically positioned for a resilient and dynamic future, effectively addressing overhang concerns. REAL ESTATE PULP & PAPER FINANCIALS 1212
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OPERATIONAL HIGHLIGHTS – Q3 & 9M- FY25 Booking Value INR 2,350 Crore INR 1,633 Crore Collections INR 260 Crore Net Total Income Area Sold 1.75 mn. Sq. ft. INR 92 Crore Net Leasing Income INR 48 Crore EBITDA REAL ESTATE PULP & PAPER FINANCIALS 1313 Booking Value INR 675 Crore INR 501 Crore Collections INR 55 Crore Net Total Income Area Sold 0.37 mn. Sq. ft. INR 34 Crore Net Leasing Income INR (23) Crore EBITDA QUARTERLY PERFORMANCE 9 MONTHS PERFORMANCE
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KEY PERFORMANCE INDICATORS 464 621 1,913 2,183 3,985 2,350 FY20 FY21 FY22 FY23 FY24 9M FY25 550 337 685 630 934 1,067 FY20 FY21 FY22 FY23 FY24 9M FY25 Units Sold (No.) 84 154 351 861 1,323 1,633 FY20 FY21 FY22 FY23 FY24 9M FY25 Collection Value (₹ Cr) 6.4 6.5 11.4 11.7 17.0 17.5 FY20 FY21 FY22 FY23 FY24 9M FY25 Area Sold (lakhs sqft) Booking Value (₹ Cr) REAL ESTATE PULP & PAPER FINANCIALS 1414
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LAUNCHED RESIDENTIAL PROJECTS Project Birla Vanya, (Kalyan, MMR) Birla Alokya, (Whitefield, Bengaluru) Birla Navya, (Golf Course Extension, Gurugram) Birla Niyaara, (Worli, Mumbai) Project Photo Launch Period Q1 FY19-20 Q3 FY19-20 Q3 FY 20-21 Q4 FY21-22 (Phase 1) Q4 FY23-24 (Phase 2) Land Area 22 acres (Own) 8 acres 48 acres 14 acres (Own) Total Saleable Area 13.3 lakhs sqft 5.5 lakhs sqft 18.5 lakhs sqft (Ph 1+2+3–11.66) 24.8 lakhs sqft (Residential) Saleable Area Launched (PTD) 13.3 lakhs sqft 5.5 lakhs sqft 11.7 lakhs sqft 18.0 lakhs sqft Area Sold (PTD) 11.3 lakhs sqft (85%) 5.4 lakhs sqft (97%) 11.6 lakhs sqft (99%) 13.6 lakhs sqft (76%) Booking Value (PTD) ₹ 902 Crores ₹ 394 Crores ₹ 1,583 Crores ₹ 6,013 Crores Collection Value (PTD) ₹ 688 Crores ₹ 392 Crores ₹ 931 Crores ₹ 1,644 Crores Share 100% 100% 50% 100% REAL ESTATE PULP & PAPER FINANCIALS 1515
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LAUNCHED RESIDENTIAL PROJECTS Project Birla Tisya, (Rajajinagar, Bengaluru) Birla Trimaya, (Devanahalli, Bengaluru) Birla Anayu (Walkeshwar, Mumbai) Birla Ojasvi (RR Nagar, Bengaluru) Project Photo Launch Period Q3 FY21-22 Q2 FY23-24 (Phase 1) Q2 FY24-25 (Phase 2) Q2 FY24-25 Q2 FY24-25 Land Area 5 acres 52 acres 0.2 acres 10.35 acres Total Saleable Area 6.5 lakhs sqft 36.2 lakhs sqft 0.56 lakhs sqft 10.1 lakhs sqft Saleable Area Launched (PTD) 6.5 lakhs sqft 14.5 lakhs sqft 0.56 lakhs sqft 10.1 lakhs sqft Area Sold (PTD) 6.5 lakhs sqft (100%) 14.4 lakhs sqft (96%) 0.13 lakhs sqft (23%) 7.5 lakhs sqft (74%) Booking Value (PTD) ₹ 652 Crores ₹ 1,105 Crores ₹ 114 Crores ₹ 753 Crores Collection Value (PTD) ₹ 439 Crores ₹ 217 Crores ₹ 17 Crores ₹ 78 Crores Share 40% 47% 100% 100% REAL ESTATE PULP & PAPER FINANCIALS 1616
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RESIDENTIAL PORTFOLIO 3.18 3.66 1.17 2.50 3.39 1.16 MMR Bengaluru NCR City-wise Launch and Sales (million Sq. Ft.) Launched Sold upto Dec 2024 79% 93% 99% REAL ESTATE PULP & PAPER FINANCIALS 1717 Ongoing Upcoming Particulars Saleable Area (Mn Sqft) GDV (Cr) Saleable Area (Mn Sqft) GDV (Cr) MMR 3.1 10,253 10.6 28,150 Bengaluru 3.7 3,139 5.0 4,619 NCR 1.2 1,588 5.5 10,580 Pune - - 4.8 5,018 Total 8.0 14,980 25.9 48,367
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PROJECT LAUNCHES To be Launched Ongoing Birla Alokya TSA – 5.5 lakhs sqft Birla Vanya TSA – 13.3 lakhs sqft FY 20 GDV – ₹ 1,500 Crores Birla Trimaya (P1) TSA – 7.2 lakhs sqft Birla Tisya Birla Niyaara (P1) Birla Navya (P1)1 Birla Alokya Birla Vanya Birla Navya (P2) Birla Niyaara (P2) TSA – 8.9 lakhs sqft FY 24 GDV – ₹ 5,500 Crores FY 23 GDV – ₹ 950 Crores Birla Tisya Birla Niyaara (P1) Birla Navya (P1) Birla Alokya Birla Vanya Birla Navya (P2) TSA – 5.9 lakhs sqft FY 22 GDV – ₹ 4,000 Crores Birla Tisya TSA – 6.5 lakhs sqft Birla Niyaara (P1) TSA - 9 lakhs sqft Birla Navya (P1) Birla Alokya Birla Vanya FY 21 GDV – ₹ 600 Crores Birla Navya (P1) TSA – 5.7 lakhs sqft Birla Alokya Birla Vanya Delivery The GDV below reflect the GDV of launched/to be launched projects REAL ESTATE PULP & PAPER FINANCIALS 1818 Birla Trimaya (P1 & P2) Birla Niyaara (P2) Birla Tisya Birla Niyaara (P1) Birla Navya (P1) Birla Alokya Birla Vanya Birla Navya (P2) Sec 31, Gurugram Sangamwadi, Pune; Sarjapur, Bengaluru; Thane, MMR; Birla Navya (P3); Birla Trimaya (P3) FY 25e GDVe – ₹ 8,550 Crores Birla Anayu Birla Ojasvi Total GDV ~ ₹ 63,350 Crores
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ENVIRONMENT, SOCIAL AND GOVERNANCE (ESG) – REAL ESTATE REAL ESTATE PULP & PAPER FINANCIALS 1919 ENVIRONMENT, SOCIAL AND GOVERNANCE (ESG) – REAL ESTATE ENVIRONMENT SOCIAL ‣ The organization extended its benevolence to orphanages across Mumbai, Kalyan, Bangalore, and Gurgaon by donating books, stationery, and other essential items. ‣ The atmosphere was enriched with warmth and joy through meaningful interactions, engaging games, and shared laughter. Governance Robust compliances of all statutory regulations Net Zero Energy Certification: Birla Aurora has been certified as a Net Zero Energy building by the Indian Green Building Council, recognizing our commitment to energy efficiency and renewable energy, resulting in an annual reduction of 2,300 MT of CO₂ emissions. LEED: Birla Anayu received GOLD Pre- certification from USGBC.
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Turning a New Leaf Pulp & Paper
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KEY HIGHLIGHTS – PULP & PAPER MAJOR TAKEAWAYS MARKET OUTLOOK Focus on segment-wise B2C strategic initiatives, innovative offerings and branding will improve profitability 21REAL ESTATE PULP & PAPER FINANCIALS ‣ In Q3 FY25, Production and Sales volumes decreased by 15% YoY and 9% YoY, respectively. YTD Sales volumes increased by 5% YoY driven by growth in board segment. ‣ Sales in Q3 FY25 has decreased by 16% YoY and 13% QoQ, however, EBITDA has decreased by 79% YoY and 53% QoQ, due to lower NSR, lower demand and rising input cost pressures from increasing wood and imported pulp costs, thus constraining profitability. ‣ Cost-reduction Initiatives – • Trial of using Bagasse pulp in middle layer of board without compromising quality undertaken. • Bamboo usage in Fiberline increased from 14% in Q1 to 31% in Q3 to reduce cost of captive pulp. • Additional capacity of chippers utilized to store wood chips instead wood logs thereby reducing downtime in Pulp mills. ‣ Sustainability Initiatives – • 138 Nurseries developed in 13 districts in wood catchment areas. About 110.43 Lac plantations completed up to Q3 FY25. • 43.92 MT of Compressed Methane Gas (CMG) generated from Wastewater and utilized instead of LPG in Tissue Machine. ‣ Strategic Initiatives - • Management Leadership workshop “Misson Everest” was conducted in Q3 with a leading faculty • Consumer branded products (B2C) strategic initiatives are under development stage. • Copier market strategy has been re-worked to revamp product portfolio, address market feedback and differential with respect to other competing agro-wood pulp mills. ‣ Writing and Printing paper segment witnessed soft market demand in Q3 FY25. However, prices have recovered at the end of Q3 and Q4 realizations are expected to be higher. ‣ The operating environment in the tissue segment is expected to be challenging for CPP in Q4 given the disruption from entry of new players (Gayatrishakti and Jani) and adverse demand supply balance in domestic market. ‣ Board segment faced challenging market conditions in Q3 with price corrections taken by domestic mills for machine coverage. The impact of price corrections is expected to flow in Q4. The Q4 outlook for both volumes and pricing remain subdued given market conditions and competitive intensity from low-cost imports. ‣ Exports in Paper segment expected to increase by restarting supply to M/s. Staples from Q4. With rising domestic competition, we are making efforts to develop export markets to obtain orders with a positive contribution margin and ensure machine coverage.
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Q3 FY25: PRODUCTION & SALES The Capacity Utilisation for Q3 FY25 was 88% as compared to 96% in Q2FY25 Production (Tons) Net Sales Qty (Tons) Sales (INR Cr) Particulars Q3 FY25 Q2 FY25 QoQ % Q3 FY24 YoY % Q3 FY25 Q2 FY25 QoQ % Q3 FY24 YoY % Q3 FY25 Q2 FY25 QoQ % Q3 FY24 YoY % Paper 47,919 52,096 -8% 57,827 -17% 50,085 55,976 -11% 56,656 -12% 319 368 -13% 414 -23% Board 45,365 49,881 -9% 48,815 -7% 46,166 51,648 -11% 47,243 -2% 309 345 -11% 327 -6% Tissue 9,115 12,307 -26% 13,382 -32% 9,135 12,483 -27% 12,929 -29% 97 132 -26% 127 -23% Pulp 3,543 1,776 99% 4,178 -15% 3,101 1,535 102% 2,134 45% 18 9 93% 13 31% Total 1,05,942 1,16,060 -9% 1,24,202 -15% 1,08,487 1,21,642 -11% 1,18,962 -9% 742 854 -13% 881 -16% 22REAL ESTATE PULP & PAPER FINANCIALS
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9M FY25: PRODUCTION & SALES Production (Tons) Net Sales Qty (Tons) Sales (INR Cr) Particulars 9M FY25 9M FY24 YoY % 9M FY25 9M FY24 YoY % 9M FY25 9M FY24 YoY % Paper 1,54,594 1,64,399 -6% 1,59,716 1,59,448 0% 1,040 1,236 -16% Board 1,40,829 1,29,268 9% 1,41,380 1,26,330 12% 956 885 8% Tissue 34,505 36,855 -6% 33,973 35,112 -3% 352 362 -3% Pulp 6,775 7,947 -15% 6,028 5,139 17% 35 33 5% Total 3,36,703 3,38,469 -1% 3,41,097 3,26,029 5% 2382 2,516 -5% 23REAL ESTATE PULP & PAPER FINANCIALS The Capacity Utilisation for 9M FY25 was 93% as compared to 94% in 9M FY24
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NET SALES REALIZATION (NSR) MOVEMENT YoY QoQ -6% -2% YoY QoQ -1% -13% 71,902 69,411 69,501 69,277 67,726 76,097 80,406 83,376 86,928 75,247 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Domestic Export YoY QoQ -6% -3% NSR Movement (INR/Tons) NSR AND EBITDA 72,189 70,591 70,381 69,798 67,927 11,077 5,339 5,870 4,845 2,592 Q3 FY24 Q4 FY24 Q1 FY25 Q2-FY25 Q3-FY25 Avg NSR EBITDA (Per MT) 24REAL ESTATE PULP & PAPER FINANCIALS
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25 MACROS – Q3 FY25 REAL ESTATE PULP & PAPER FINANCIALS 1.28 1.42 1.28 Coal 16,212 15,222 16,285 Wood 10,368 4,340 20,110 20,514 16,871 8,554 24,347 20,483 12,114 2,318 19,463 17,305 PAPER MULTILAYER PACKAGING BOARD TISSUE PULP Q3 FY25 Q3 FY24 Q2 FY25 YoY -49% QoQ -14% YoY -39% QoQ 87% (RS. PER/MT) YoY 0% QoQ 3% YoY -17% QoQ 19% SEGMENTAL CONTRIBUTION 69,798 60,989 8,809 TOTAL NSR TOTAL VARIABLE COST OVERALL CONTRIBUTION Q2 FY25 72,189 57,617 14,572 TOTAL NSR TOTAL VARIABLE COST OVERALL CONTRIBUTION Q3 FY24 67,927 58,958 8,969 TOTAL NSR TOTAL VARIABLE COST OVERALL CONTRIBUTION Q3 FY25 (RS. PER/MT) 57,086 48,670 58,945 Imported Pulp YoY 7% QoQ 0% INPUT PRICE – WOOD YoY -10% QoQ 0% INPUT PRICE – COAL INPUT PRICE – IMPORTED PULP YoY 17% QoQ -3% OVERALL CONTRIBUTION (Rs. Per/MT)
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ENVIRONMENT SOCIAL GOVERNANCE (ESG) – PULP & PAPER 26 Governance - Robust Compliances of All Regulatory Requirements REAL ESTATE PULP & PAPER FINANCIALS ENVIRONMENT SOCIAL ❖ Total, 138 nurseries have been developed in 13 districts of our wood catchment area to provide seedling and clones to farmers ❖ A total of 6.03 lac plantation was completed in Q3 FY25. Distribution is as follows – Eucalyptus clones: 2.06 lac and Eucalyptus seedling: 3.97 lac. The total 110.43 lac plantation has done upto Q3 FY 25. ❖ 43.918 MT Compressed Methane Gas (CMG) generated from wastewater and utilized in tissue paper machine in place of LPG during Q3 FY25. ‣ Fogging using mosquito repellent sprays is also regularly being carried out to prevent malaria and dengue. ‣ Aditya Gurunani, an athlete with an intellectual disability, was supported with a grant of Rs. 2,00,000/- by Century Pulp & Paper to represent the country in the Asian Classic Powerlifting Championship 2024, held in Tashkent, Uzbekistan from December 1st to 10th, 2024. He has won a Gold medal in the 83kg category
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Subpar Financial performance in Q3- FY25 Financial Summary
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PROFIT & LOSS : Q3 FY25 (₹ In Crores) Particulars Q3 FY24 Q2 FY25 Q3 FY25 YoY % QoQ % Continuing Operations Total Income 1096 1138 961 -12% -16% Total Sales 982 1121 946 -4% -16% Total EBITDA 223 99 18 -92% -82% Less: Finance cost 8 17 10 25% -44% Less: Depreciation 53 55 56 5% 1% PBT 162 26 -48 Share of Profit in JV-(BAKPL) -6 0 0 Exceptional Items* 0 0 0 Tax (Asset - / Liability +) 53 14 -11 PAT 103 12 -37 Net Loss for the period from discontinuing operations -23 -10 -5 PAT (After discontinuing operations) 80 2 -42 28REAL ESTATE PULP & PAPER FINANCIALS
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PROFIT & LOSS : 9M FY25 (₹ In Crores) Particulars 9M FY24 9M FY25 YoY % Continuing Operations Total Income 2871 3267 14% Total Sales 2722 3206 18% Total EBITDA 436 241 -45% Less: Finance cost 24 39 62% Less: Depreciation 155 165 7% PBT 257 37 -86% Share of Profit in JV-(BAKPL) -17 -8 Exceptional Items* 0 0 Tax (Asset - / Liability +) 95 26 -72% PAT 145 3 -98% Net Loss for the period from discontinuing operations -105 -26 PAT (After discontinuing operations) 40 -23 29REAL ESTATE PULP & PAPER FINANCIALS
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CASH FLOW – Q3 FY25 (₹ In Crores) 30REAL ESTATE PULP & PAPER FINANCIALS No Particulars Continuing operations Discontinued Operations Grand TotalBirla Estates Pulp & Paper Rayon H.O. Total Textiles EBITDA-Normal Business -23 28 13 0 18 -8 10 MAT / Advance Tax Paid 0 - - 0 0 - 0 Collections 503 - - - 503 - 503 Project Development Cost -704 - - - -704 - -704 Deposit to Landowner -91 - - - -91 - -91 Net Change in Working Capital -151 35 -12 0 -128 -20 -148 A) Operating Cash Flow -464 63 1 0 -400 -28 -429 Capital Expenditure -7 -64 0 0 -71 - -71 Sale of Assets 0 0 0 0 0 43 43 B) Investing Cash Flow -7 -64 0 0 -71 43 -28 Interest -9 -4 0 - -13 0 -13 Dividend Paid (Including Tax) -16 0 0 0 -16 0 -16 Interest on Bonds 0 - - 43 43 - 43 Tisya Partner Payment 0 0 0 0 0 0 0 C) Financing Cash Flow -25 -4 0 43 14 0 14 D) Free Cash Flow (A+B+C) -496 -5 1 43 -457 14 -443
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CASH FLOW : Q3 FY25 (₹ In Crores) 31REAL ESTATE PULP & PAPER FINANCIALS 10 - 503 -704 -91 -148 -71 43 -13 -16 43 - -443 Increase Decrease Total
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CASH FLOW – 9M FY25 (₹ In Crores) 32REAL ESTATE PULP & PAPER FINANCIALS No Particulars Continuing operations Discontinued Operations Grand TotalBirla Estates Pulp & Paper Rayon H.O. Total Textiles EBITDA-Normal Business 48 152 41 0 241 -35 206 MAT / Advance Tax Paid 0 - - -16 -16 - -16 Income Tax Refund 0 - - 31 31 - 31 Collections 1633 - - - 1633 - 1633 Project Development Cost -4131 - - - -4131 - -4131 Deposit to Landowner -260 - - - -260 - -260 Net Change in Working Capital 327 -107 -40 0 181 -108 73 A) Operating Cash Flow -2382 45 1 15 -2321 -143 -2464 Capital Expenditure -18 -137 0 -2 -157 - -157 Sale of Assets 0 0 0 0 0 111 111 B) Investing Cash Flow -18 -137 0 -2 -157 111 -46 Interest 5 -11 0 - -6 -2 -9 Dividend Paid (Including Tax) -39 0 0 -56 -95 0 -95 Interest on Bonds 0 - - 59 59 - 59 Tisya Partner Payment -18 0 0 0 -18 0 -18 C) Financing Cash Flow -52 -11 0 3 -60 -2 -62 D) Free Cash Flow (A+B+C) -2452 -103 1 16 -2538 -35 -2573
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CASH FLOW : 9M FY25 (₹ In Crores) 33REAL ESTATE PULP & PAPER FINANCIALS 206 -16 31 1,633 -4,131 -260 73 -157 111 -9 -95 59 -18 -2,573 Increase Decrease Total
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OUTSTANDING LOAN 34REAL ESTATE PULP & PAPER FINANCIALS 1,166 1,050 90 50 Dec'23 LTL - 8.60% STL - 8.11% NCD - 7.37% BEPL - 8.6% 1,140 1,062 30 250 Mar'24 LTL - 8.50% STL - 8.60% NCD - 7.74% BEPL - 8.59% 1,106 1,962 772 847 Sep'24 LTL - 8.63% STL - 8.08% NCD - 7.92% BEPL - 8.59% 1,211 2,062 268 1,479 Dec'24 LTL - 8.67% STL - 7.83% NCD - 7.93% BEPL - 8.60% 2,482@8.22% 4687@8.23% 5020@8.30% 2356@8.03%
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FINANCIAL PERFORMANCE 35REAL ESTATE PULP & PAPER FINANCIALS 2,616 4,174 4,827 4,264 3,206 FY21 FY22 FY23 FY24 9M FY25 REVENUES* (₹ in Crores) 285 487 689 718 241 FY21 FY22 FY23 FY24 9M FY25 EBITDA (₹ in Crores) -15 154 267 304 3 FY21 FY22 FY23 FY24 9M FY25 PAT# (₹ in Crores) Net Worth (₹ in Crores) Net Debt to Equity (x) 3.0 1.0 4.0 5.0 5.0 FY20 FY21 FY22 FY23 FY24 Dividend Per Share (₹) 0.28 0.36 0.26 0.61 1.06 FY21 FY22 FY23 FY24 9M FY25 3,647 3,877 4,039 4,095 4,079 FY21 FY22 FY23 FY24 9M FY25 # PAT represents net profit from continuing operations For Continuing Operations
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-200% 0% 200% 400% 600% 800% 1000% Relative Price Performance up to 31st December, 2024 Aditya Birla Real Estate Limited Sensex BSE Realty 36REAL ESTATE PULP & PAPER FINANCIALS CREATING SHAREHOLDER VALUE: A TRANSFORMATIVE JOURNEY 3 Year Price CAGR: Aditya Birla Real Estate Limited: 29% Sensex: 8% BSE Realty: 21% 3,189 5,190 9,532 7,082 18,234 28,040 - 5,000 10,000 15,000 20,000 25,000 30,000 2020 2021 2022 2023 2024 Dec-24 Market Capitalisation (₹ Crores)
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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 all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Aditya Birla Real Estate Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from. This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner. Valorem Advisors Disclaimer: Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review. For further details, please feel free to contact our Investor Relations Representatives: Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-4903 9500 Email: century@valoremadvisors.com 37 DISCLAMER
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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