Rain Industries Limited · NSE:RAIN
Rain Industries — Q2 2023 Earnings Presentation
16 slides from Rain Industries's earnings presentation, Aug 4, 2023
Slide 1: Earnings Presentation cover letter to stock exchanges
RAIN INDUSTRIES LIMITED RIL/SEs/2023 August 4, 2023 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 0
Slide 2: Earnings Presentation – Q2 CY23
RAIN INDUSTRIES LIMITED Earnings Presentation – Q2 CY23 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: Results for Second Quarter - 2023
Results for Second Quarter - 2023 Financial Highlights • Revenue from Operations was ₹ 46.27 billion and Adjusted EBITDA was ₹ 6.75 billion • Adjusted Net Profit After Tax was ₹ 1.91 billion and Adjusted Earnings Per Share was ₹ 5.67 • Capital expenditures of US$ 41 million for the six-month period
Slide 5: Aluminium: Production, Price and Inventory Levels
Aluminium: Production, Price and Inventory Levels Primary Aluminium Production Growth in Thousand Tonnes LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) Inventory LME Quote Not to Scale 2 4.00 1.8 3.50 1.6 3.00 1.4 2.50 LME QUOTE INVENTORY 1.2 1 2.00 0.8 1.50 0.6 1.00 0.4 0.50
Slide 6: Lower Realisations and Volumes
Lower Realisations and Volumes Carbon Volumes (000 Metric Tonne) and Price ($/MT) Advanced Materials Volumes (000 Metric Tonne) and Price ($/MT) 400 $1,270 $1,337 $1,337 $1,325 1,400 2,600 $2,412 $1,233 65 2,400 350 1,200 $2,137 55 $1,983 $1,955 2,200 300 $1,853 2,000 1,000 $1,732 $765 45 1,800 250
Slide 7: Lower Volumes with Decreased Market Quotations
Lower Volumes with Decreased Market Quotations (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q2 CY23 • Carbon segment revenue decrease driven by decreased realisations on account of lower demand and market quotations supplemented with lower volumes driven b
Slide 8: Carbon: Decreased Revenue Driven by Lower Volumes & Prices
Carbon: Decreased Revenue Driven by Lower Volumes & Prices (₹ in Billions) *Includes Energy Revenue Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q2 CY23 • CPC revenue decreased primarily on account of decline in prices due to reset of prices coming down from pea
Slide 9: Advanced Materials: Impacted by Lower Volumes & Realisations
Advanced Materials: Impacted by Lower Volumes & Realisations (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q2 CY23 • Decrease in volumes driven by lower production on account of closure of aromatic chemicals business • Adjusted EBITDA decreased du
Slide 10: Cement: Increased Volumes, Decreased Realisations
Cement: Increased Volumes, Decreased Realisations (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q2 CY23 • Revenue from Cement business decreased 0.2% primarily due to lower realisations offset by higher volumes • Adjusted EBITDA decreased by ₹ 187
Slide 11: Debt Summary
Debt Summary US$ in Millions Jun 2023 Dec 2022 Cash Inflows / Outflows during H1 2023 7.25% USD-denominated Senior Secured 530 530 • Operating cash flows includes net working capital Notes (due in April 2025) inflows of ₹ 6.87 billion (compared to outflows of Euro-denominated Senior Secured Term 424
Slide 12: Thank You
Thank You RIO
Slide 13: Appendix
Appendix
Slide 14: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement ₹ in Millions Particulars Q2 2023 Q1 2023 Q2 2022 CY 2022 Net Revenue 46,206 52,093 55,265 209,063 Other Operating Income 65 442 141 1,048 Revenue from Operations 46,271 52,535 55,406 210,111 Reported EBITDA 6,499 5,370 12,105 36,381 Adjusted EBITDA 6,750 6,8
Slide 15: Reconciliation of EBITDA and PAT for Q2 2023
Reconciliation of EBITDA and PAT for Q2 2023 ₹ in Millions Particulars EBITDA PAT A. Reported 6,499 1,657 B. Adjustments/Exceptional items: - Expenses towards strategic projects and other non-recurring items 251 251 C. Adjusted (A + B) 6,750 1,908 14
Slide 16: 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, 1.0 million tonnes p.a. CPC blending capacity, 1.3 million tonnes p.a. coal tar distillation capacity, 0.6 million tonnes p.a. advanced