Rain Industries Limited · NSE:RAIN
Rain Industries — Q3 2019 Earnings Presentation
16 slides from Rain Industries's earnings presentation, Nov 13, 2019
Slide 1: Cover letter to stock exchanges
RIL/SEs/2019 RAIN INDUSTRIES LIMITED 2019 November T3, The General Manager The Manager Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalai Street, Fort Bandra Kurla Complex Mumbai-400 001 Bandra East Mumbai - 40
Slide 2: Earnings Presentation – Q3 CY19
RAIN INDUSTRIES LIMITED Earnings Presentation – Q3 CY19 Investor Relations Contact: RAIN is a leading vertically integrated global producer of a diversified portfolio of products that are essential raw materials for staples of everyday life. We operate in three business segments: Carbon, Cement and
Slide 3: Forward Looking Statement
Forward Looking Statement This presentation contains forward-looking statements based on management’s current expectations, estimates and projections. All statements that address expectations or projections about the future, including our statements addressing our expectations for segment volumes an
Slide 4: Third-Quarter Summary
Third-Quarter Summary Financial Highlights • Revenue from Operations was ₹29.92 billion and Adjusted EBITDA was ₹4.72 billion • Adjusted Net Profit After Tax was ₹1.75 billion and Adjusted Earnings Per Share was ₹5.20 • Capex of $115 million for nine months ended Sept. 30, 2019, with internal accrua
Slide 5: Market Update
Market Update Primary Aluminium Production Growth in Thousand Metric Tons LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) Not to Scale 6.0 2.5 2.4 5.0 2.3 2.2 4.0 2.1 Inventory 2.0 LME 3.0 1.9 1.8 2.0 1.7 1.6 1.0 1.5 1.4 0.0 1.3 Sep-14 Dec-14 Jun-15 Sep-15 Dec-15 Jun-16 Sep-16
Slide 6: Ongoing Capital Expansions
Ongoing Capital Expansions Vertical-Shaft Calcination Plant, India • Project commissioning is in progress and estimated to commence operations during Q1 2020 • Benefit from this expansion project to begin from Q2 2020 Hydrogenated Hydrocarbon Resins (HHCR) Plant, Germany • Commercial operations to s
Slide 7: Consolidated Performance – Q3 CY19
Consolidated Performance – Q3 CY19 (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q3 CY19 • Performance of Carbon segment impacted by lower volumes and lower prices due to price pressures, partially offset by the enhanced margins as the segment worked off re
Slide 8: Carbon Business Performance – Q3 CY19
Carbon Business Performance – Q3 CY19 (₹ in Billions) *Includes Energy Revenue Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q3 CY19 • CPC revenue decreased primarily due to lower volumes on account of timing of export shipments compared to the prior- ye
Slide 9: Advanced Materials Business Performance – Q3 CY19
Advanced Materials Business Performance – Q3 CY19 (₹ in Billions) Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q3 CY19 • Revenue decreased due to decline in volumes and lower realisation due to product mix. • Lower volumes in resins business due to redu
Slide 10: Cement Performance – Q3 CY19
Cement Performance – Q3 CY19 – (₹ in Billions) Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q3 CY19 • Revenue from Cement business increased 7.7% due to higher volumes and realisation. • Sales volumes increased across most markets except Andhra Pradesh,
Slide 11: Consolidated Debt Position
Consolidated Debt Position US$ in Millions Sep 2019 Dec 2018 Highlights in 9M CY19 • Capital expenditure of ₹8.09 billion (~$115 million) 7.25% USD-denominated Senior Secured Notes 550 550 during 9M CY19 includes ₹3.59 billion ($51 million) (due in April 2025) spent on our two major projects under c
Slide 12: Appendix
Appendix
Slide 13: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q3 2019 Q2 2019 Q3 2018 CY 2018 Net Revenue 29,775 33,231 34,712 139,608 Other Operating Income 147 185 214 882 Revenue from Operations 29,922 33,416 34,926 140,490 Adjusted EBITDA 4,719 4,509 5,507 21,411 Adjusted EBITDA Margin 15.8% 13.5
Slide 14: Reconciliation of EBITDA and PAT for Q3 CY19
Reconciliation of EBITDA and PAT for Q3 CY19 ₹ in Millions Particulars EBITDA PAT A. Reported 3,560 821 B. Adjustments: • Reorganisation costs towards plant closure in the Netherlands 1,076 807 • Strategic project expenses in European operations 83 56 • Accelerated depreciation towards plant closure
Slide 15: RAIN – Key Business Strengths
RAIN – Key Business Strengths • Three businesses (Carbon, Advanced Materials and Cement) • Global presence with 2.1 million tons p.a. calcination capacity, 1.0 million tons p.a. CPC blending capacity, 1.3 million tons p.a. coal tar distillation capacity, 0.7 million tons p.a. advanced materials capa
Slide 16: Thank You
Thank You R’ iL