Slide 1: Rain Industries Limited cover letter to stock exchanges
RAIN INDUSTRIES LIMITED RIL/SEs/2025 May 8, 2025 The General Manager The Manager Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra East Mumbai-400 001 Mumbai – 400 051
Slide 2: Earnings Presentation – Q1 2025
RAIN INDUSTRIES LIMITED Earnings Presentation – Q1 2025 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 Advanced Materials. Our Carb
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: Key Highlights – Q1 2025
Key Highlights – Q1 2025 • Revenue from Operations - ₹37.68 billion • Adjusted EBITDA - ₹4.34 billion • Adjusted Net Loss After Tax - ₹0.98 billion • Adjusted Loss per share - ₹2.91 • Maintenance Capital expenditure of US$ 14 million • Repayment of 2025 Notes of $ 44 million • Liquidity of US$ 278 m
Slide 5: Aluminium Market Update
Aluminium Market Update Primary Aluminium Production Growth in Thousand Tonnes Not to Scale 29,103 29,636 30,231 31,702 41,584 43,109 43,365 43,623 2023 2024 2025 (F) 2026 (F) China ROW LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) 2 3 LME QUOTE (000 US$ per MT) NVENTORY (Mil
Slide 6: Price Trend of Key Products and European Natural Gas
Price Trend of Key Products and European Natural Gas 1,338 Not to Scale 1,473 1,239 984 1,026 972 899 916 864 851 791 803 706 675 700 709 663 Recovery in Benzene 625 612 610 626 592 552 635 prices 647 529 568 415 420 445 455 498 480 450 460 435 Fuel Oil at 22-month low Jun-22 Sep-22 Dec-22 Mar-23 Ju
Slide 7: Revenue by End Industry – LTM Q1 2025
Revenue by End Industry – LTM Q1 2025 Markets We Serve TiO2 Petroleum Rubber 2% Energy 3% 3% 2% Coatings 3% Others 16% Wood preservation 5% Specialty chemicals 2% Aluminium Automotive Carbon black 10% Graphite 3% Chemicals and Advanced Graphite Materials Construction 8% Aluminium 43% Aluminium conti
Slide 8: Consolidated Revenue and EBITDA Q1 2025
Consolidated Revenue and EBITDA Q1 2025 (₹ in Billions) ₹ 2.65 ₹ 36.57 ₹ 37.46 -₹ 0.97 -₹ 0.79 ₹ 1.63 ₹ 4.34 -₹ 0.44 -₹ 0.11 ₹ 3.26 Q1 CY24 Carbon Advanced Cement Q1 CY25 Q1 CY24 Carbon Advanced Cement Q1 CY25 Materials Materials Revenue (excluding other operating income) Adjusted EBITDA Note: Chart
Slide 9: Carbon: Revenue and EBITDA
Carbon: Revenue and EBITDA Q1 CY25 Q4 CY24 Q1 CY24 CY24 Q1 2025 • Revenue increase driven by 12.33 o Higher CPC volumes due to relief 106.58 from import restrictions and increased prices offset with lower 2,398 prices of Coal Tar Pitch • EBITDA increase driven by o Increase in margins of Calcination
Slide 10: Advanced Materials: Revenue and EBITDA
Advanced Materials: Revenue and EBITDA Q1 CY25 Q4 CY24 Q1 CY24 CY24 Q1 2025 2.57 290 • Revenue decrease driven by o Decrease in volumes from chemical 33.79 intermediates and resins sub- segments due to lower demand o Slightly offset by appreciation of Euro against Indian Rupee. • EBITDA decreased du
Slide 11: Cement: Revenue and EBITDA
Cement: Revenue and EBITDA Q1 CY25 Q4 CY24 Q1 2025 Q1 CY24 CY24 • Revenue decrease driven by 2,854 o Lower selling prices o Lower volumes due to market 12.31 consolidation by National players • EBITDA declined due to o Lower selling prices coupled with lower volumes 806 3.67 0.17 698 633 2.88 2.64 0
Slide 12: Debt Summary
Debt Summary US$ in Millions Mar. 2025 Dec. 2024 Cash Inflows / Outflows during Q1 2025 USD-denominated Senior Secured Notes - 44 • Net operating cash outflows includes net working (due in April 2025) * capital increase of ₹11.89 billion (compared to USD-denominated Senior Secured Notes inflows of ₹
Slide 13: Outlook
Outlook • Carbon segment to improve: With increased capacity utilization along with re-introduction of Indian blending operations coupled with increase in realisations, Calcination business of Carbon segment expected to improve further during 2025 • Raw material constraints: Due to changing market d
Slide 14: Thank You
Thank You RIO
Slide 15: Appendix
Appendix
Slide 16: Summary of Consolidated Statement of Profit and Loss
Summary of Consolidated Statement of Profit and Loss ₹ in Millions Particulars Q1 2025 Q4 2024 Q1 2024 CY 2024 Net Revenue 37,461 36,486 36,570 152,673 Other Operating Income 219 272 132 1,071 Revenue from Operations 37,680 36,758 36,702 153,744 Reported EBITDA 3,834 4,316 3,466 14,539 Adjusted EBIT
Slide 17: Reconciliation of EBITDA and PAT
Reconciliation of EBITDA and PAT ₹ in Millions Particulars Q1 2025 EBITDA PAT A. Reported 3,834 (1,377) B. Adjustments/Exceptional items: • Expenses towards non-recurring items 179 179 • Foreign exchange loss/(gain) on inter-company debt note 329 329 • Tax impact on above adjustments - (109) C. Adju
Slide 18: RAIN – Key Business Strengths
RAIN – Key Business Strengths • Three business segments (Carbon, Advanced Materials and Cement) • Global presence with 2.4 million tonnes p.a. calcination capacity, 1.3 million tonnes p.a. coal tar distillation capacity, 0.5 million tonnes p.a. advanced materials capacity and 4.0 million tonnes p.a.