Tata Chemicals Limited · NSE:TATACHEM
Tata Chemicals — Q4 FY23 Earnings Presentation
22 slides from Tata Chemicals's earnings presentation, May 3, 2023
Slide 1: Submission of Analysts/Investors Presentation cover letter
May 3, 2023 The General Manager The Manager Corporate Relations Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500770 Symbol: TATAC
Slide 2: Investors Communication
Investors Communication -----------------------------
Slide 3: Forward-looking statements disclaimer
“This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of thes
Slide 4: Financial Highlights
Financial Highlights Quarter Ended March 2023 Year Ended FY23
Slide 5: Q4 FY23 and 12M FY23 highlights
Q4 FY23 12M FY23 ▪ Higher revenue on account of better realizations and stable demand ₹ 4,407 Cr (CY) vs ₹ 3,481 Cr (PY) ₹ 16,789 Cr (CY) vs ₹ 12,622 Cr (PY) ▪ EBITDA growth driven by higher realizations in all geographies ₹ 965 Cr (CY) vs. ₹ 657 Cr (PY) ₹ 3,822 Cr (CY) vs. ₹ 2,305 Cr (PY) ▪ Propose
Slide 6: Quarterly results: Consolidated and Standalone
Consolidated | ₹ Crore Revenue EBITDA Profit Before Tax Profit After Tax 4,148 4,407 3,481 922 965 657 686 694 513 534 470 432 Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 Q4 Mar 22 Q3 Dec 22 Q4 Mar 23 Revenue up by ₹ 926 Crore (↑27%) EBITDA up by ₹ 308 C
Slide 7: Full year results: Consolidated and Standalone
Consolidated | ₹ Crore Revenue EBITDA Profit Before Tax Profit After Tax 16,789 12,622 3,822 2,305 2,740 1,667 2,452 1,400 FY22 FY23 FY22 FY23 FY22 FY23 FY22 FY23 Revenue up by ₹ 4,167 Crore (↑33%) EBITDA up by ₹ 1,517 Crore (↑66%) PBT up by ₹ 1,073 Crore (↑64%) PAT up by ₹ 1,052 Crore (↑75%) Standa
Slide 8: Sales volumes: Soda Ash, Bicarb, Salt
Soda Ash | In Kts Sodium Bicarbonate | in Kts Salt | in Kts India US - Domestic US - Export UK Kenya India UK India UK 936 898 897 3,665 3,538 61 53 56 231 225 416 408 415 1,609 1,629 75 69 63 318 289 63 60 91 75 75 358 323 70 277 256 24 23 30 111 105 323 313 371 1,313 1,249 325 333 340 1,251 1,306
Slide 9: Statement of Profit and Loss by geography
Statement of Profit and Loss for the quarter ended March 23 Units Consolidated TCL India US UK Kenya Rallis Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 Q4 Q4 Q3 Q4 Rs Cr Var Var Var Var Var Var FY22 FY23 FY23 FY22 FY23 FY23 FY22 FY23 FY23 FY22 FY23 FY23 FY22 FY23 FY23 FY22 FY23 FY23 Revenues 3,481 4,1
Slide 10: Balance sheet: Consolidated and Standalone
Consolidated Standalone Rs Cr 31-Mar-22 31-Mar-23 31-Mar-22 31-Mar-23 Non - Current Assets 25,098 26,920 14,170 14,906 Inventories 2,294 2,532 880 1,203 Investments 1,325 1,270 1,113 1,049 Trade Receivables 1,933 2,627 182 201 Cash and Cash Equivalent 1,311 665 493 85 Others Current Assets 1,882 1,0
Slide 11: Quarterly revenue, EBITDA and PAT trends
Consolidated | ₹ Crore Standalone | ₹ Crore 4,239 4,148 4,407 1,302 3,995 1,225 1,185 1,218 3,481 1,115 2,977 3,023 3,141 931 828 847 Revenue Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 2,000 25% 30% 29% 32% 26% 1,00
Slide 12: Capacity expansion current status
Expansion - Ongoing Expansion - Planned Capacity Incremental Capacity Products (Lacs MT) H1 FY23 H2 FY23 H1 FY24 H2 FY24 Products (beyond Ongoing Expansion) Expansion Soda Ash 2.3 Soda Ash ~30% 0.45 1.85 Bicarb 0.7 Bicarb ~40% 0.70 Salt 3.3 3.30 Silica 5x Till March 23 Target Completion by Mar 24 ₹
Slide 13: Strategic priorities by business
• Deliver consistent market and customer delivery performance through customer engagement TCL • Deliver capacity expansions on schedule - Soda Ash, Bicarb & Salt expansion on stream by FY23 & FY24 • Continue focus on cost management • Extend Portfolio offerings: New product introductions, plug portf
Slide 14: ESG initiatives
ESG initiatives Priorities Focus Areas & Projects • External materiality study completed ESG Focus Sustainable & Ethical Impacts • ESG Action Report under preparation. To be published with integrated report. Climate • Biomass feasibility study underway Absolute carbon emission reduction • Energy Eff
Slide 15: Awards and recognition
Tata Chemicals wins Silver Award at ICAI Sustainability Reporting CII India’s Top 50 Innovative Company Award and Top Innovative Awards 2021-22 Company (Large) in Manufacturing (category winner) 14
Slide 16: Tata Chemicals - Background
Tata Chemicals - Background Annexure
Slide 17: Company journey and footprint
Till FY21 FY20 FY18 Onwards Divestment of Urea Completed and Phosphate Demerger of Focused Chemistry Solutions Fertiliser Business Consumer Products Company Business With 13 Supported by 3 R&D Footprint across 4 Employing ~5,000 Manufacturing centers with Continents people units 200 + Scientists 16
Slide 18: India operations and capacity
India India Rallis India Limited1 Major Soda ash, Bicarb, Salt, Marine chemicals Prebiotics Crop Care, Crop Protection and Seeds Products and Cement Specialty silica (herbicides, fungicides and insecticides, etc) Soda Ash: 1,091,000 MTPA Installed Prebiotic: 5,000 MTPA Bicarb: 150,000 MTPA Capacity
Slide 19: US, UK and Kenya operations
US UK Kenya Major Soda Ash, Bicarb, Soda Ash Soda Ash Products Salt Soda Ash: 400,000 MTPA Installed 2,540,000 MTPA Bicarb: 130,000 MTPA 350,000 MTPA Capacity* Salt: 430,000 MTPA Lostock & Winnington, Location Wyoming, US Magadi, Kenya Middlewich, UK * Includes capex investments underway 18
Slide 20: TCL Innovation Centre
TCL Innovation Centre • 200+ Technically skilled Scientists in R&D • 3 State-of-the-art innovation Centers • Intellectual property |186 patents held; 122 active applications Rallis India R&D 19
Slide 21: Volumes by region: India, US, Kenya, UK
Domestic Exports Domestic India | In Kts US | In Kts 568 578 617 586 615 568 610 608 184 178 176 561 167 156 169 154 156 166 309 317 353 320 323 276 289 313 371 - - - - - - - - 259 261 264 266 292 292 272 297 237 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY21 FY22 FY22 FY22 FY22 FY23 FY2
Slide 22: Chemistry of Resilience
For any queries please contact below : Sriram Srinivasan ssriram@tatachemicals.com Damini Jhunjhunwala djhunjhunwala@tatachemicals.com Gavin Desa gavin@cdr-india.com Chemistry of Resilience Suraj Digawalekar suraj@cdr-india.com 21