Rain Industries Limited · NSE:RAIN
Rain Industries — Q3 2021 Earnings Presentation
17 slides from Rain Industries's earnings presentation, Oct 30, 2021
Slide 1: Earnings Presentation cover letter to stock exchanges
p I I RAIN INDUSTRIES LIMITED PJL/SEs/2021 October 30, 2021 The General Manager The Manager Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Limited PMroze Jeejeebhoy Towers Bandra Kurla Complex Dalai Street, Fort Bandra East Mumbai-400 001 Mumbai-
Slide 2: Earnings Presentation – Q3 CY21
RAIN INDUSTRIES LIMITED Earnings Presentation – Q3 CY21 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 Results
Third-Quarter Results Financial Highlights • Revenue from Operations was ₹ 38.49 billion and Adjusted EBITDA was ₹ 6.54 billion • Adjusted Net Profit After Tax was ₹ 2.05 billion and Adjusted Earnings Per Share was ₹ 6.09 • Capital expenditure of US$ 52 million for the nine-month period ended Septem
Slide 5: Major Capital Projects
Major Capital Projects Hydrogenated Hydrocarbon Resins (HHCR) Plant, Germany • 2,400 metric tonnes of “water-white” resins sold, a 5% increase vs. the second quarter • Continuing to ramp-up capacity and further improve plant reliability/utilization while working to master the sophisticated HHCR tech
Slide 6: Aluminium: Production, Price and Inventory Levels
Aluminium: Production, Price and Inventory Levels Primary Aluminium Production Growth in Thousand Metric Tonnes LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) Not to Scale 2.50 3.0 2.00 2.5 LME 1.50 2.0 1.00 1.5 0.50 1.0 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21
Slide 7: Growing Demand and Increasing Realisations & Cost
Growing Demand and Increasing Realisations & Cost Carbon Volumes (MT 000) and Revenue ($/MT) Advanced Materials Volumes (MT 000) and Revenue ($/MT) 450 $815 850 $1,662 $1,548 1,700 $728 65 $1,427 $1,466 400 750 1,550 $648 $1,308 1,400 350 $592 $599 650 55 $1,238 1,250 300 $512 $522 $1,036 $1,090 550
Slide 8: Strong Performance Despite Cost-Related Headwinds
Strong Performance Despite Cost-Related Headwinds (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q3 CY21 • Carbon segment revenue improved due to increased prices driven by robust demand across all industries in all locations; margins increased due to effect
Slide 9: Carbon Revenue Driven by Peak Prices
Carbon Revenue Driven by Peak Prices (₹ in Billions) *Includes Energy Revenue Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q3 CY21 • CPC revenue increased primarily on account of higher prices due to increased demand from all locations • Pitch revenue increased
Slide 10: Advanced Materials Results Reflect Continued Strong Demand and Price Increases
Advanced Materials Results Reflect (₹ in Billions) Continued Strong Demand and Price Increases Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q3 CY21 • Revenue increase was primarily the result of higher prices and volumes driven by improved production throughputs
Slide 11: Cement Performance Driven by Increase in Volumes
Cement Performance Driven by Increase in Volumes (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q3 CY21 • Revenue from Cement business increased by 20.2% due to higher volumes • Adjusted EBITDA decreased by ₹ 254 million due to lower margins offset
Slide 12: Debt Summary
Debt Summary Description of Debt (US$ in Millions) Sep.’21 Dec.’20 Highlights in YTD September 2021 • Capital expenditure of ₹ 3.81 billion (US$ 52 7.25% USD-denominated Senior Secured 546 550 million) during YTD September 2021 includes Notes (due in April 2025) * ₹0.81 billion (US$ 11 million) spen
Slide 13: Thank You
Thank You RIO
Slide 14: Appendix
Appendix
Slide 15: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement ₹ in Millions Particulars Q3 2021 Q2 2021 Q3 2020 CY 2020 Net Revenue 37,914 36,223 25,518 103,962 Other Operating Income 576 212 143 685 Revenue from Operations 38,490 36,435 25,661 104,647 Reported EBITDA 6,802 6,779 5,009 21,008 Adjusted EBITDA 6,543 6,863
Slide 16: Reconciliation of EBITDA and PAT for Q3 CY21
Reconciliation of EBITDA and PAT for Q3 CY21 ₹ in Millions Particulars EBITDA PAT A. Reported 6,802 2,355 B. Adjustments: • Repairs and other costs incurred on account of hurricane and other non-recurring items 210 210 • Income due to waiver of Payroll Protection Program Loan by federal government o
Slide 17: RAIN – Key Business Strengths
RAIN – Key Business Strengths • Three business segments (Carbon, Advanced Materials and Cement) • Global presence with 2.1 million tonnes p.a. calcination capacity, 1.0 million tonnes p.a. CPC blending capacity, 1.3 million tonnes p.a. coal tar distillation capacity, 0.6 million tonnes p.a. advanced