Rain Industries Limited · NSE:RAIN
Rain Industries — Q4 CY18 Earnings Presentation
16 slides from Rain Industries's earnings presentation, Feb 27, 2019
Slide 1: Cover letter to stock exchanges
i RAIN INDUSTRIES LIMITED RIL/SEs/2019 February 27, 2019 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 -
Slide 2: Earnings Presentation – Q4 CY18
RAIN INDUSTRIES LIMITED Earnings Presentation – Q4 CY18 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: Fourth-Quarter Summary
Fourth-Quarter Summary Financial Highlights • Revenue from Operations is ₹34.3 billion and Adjusted EBITDA is ₹2.4 billion. • Adjusted Net Loss After Tax is ₹0.1 billion and Adjusted Loss Per Share is ₹0.4. • Strong Cash of ₹8.5 billion to fund CAPEX projects and meet debt obligations in the near-te
Slide 5: Market Update
Market Update Primary Aluminium Production Growth in Thousand Metric Tons Price Trends of Key Drivers in Advanced Materials Business Not to Scale 1,100 90 966 81 1,000 928 79 (3.69%) (0.20%) 908 901 77 884 80 862 857 900 788 (-3.59%) 800 840 74 74 855 70 (13.16%) 72 72 823 in $/Barrel in $/MT 700 69
Slide 6: Update on Pet Coke Import Ban in India
Update on Pet Coke Import Ban in India • July 26, 2018: Honorable Supreme Court (SC) of India bans the use of petcoke as fuel and permits its use only as a feedstock in cement, lime kiln, calcium carbide and gasification industries • October 9, 2018: SC grants limited exemption permitting 1.4 millio
Slide 7: Consolidated Performance – Q4 CY18
Consolidated Performance – Q4 CY18 (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q4 CY18 • Carbon segment affected due to petroleum coke import ban in India • Earnings impacted due to lag in price resets of finished products versus raw materials • One-time
Slide 8: Carbon Business Performance – Q4 CY18
Carbon Business Performance – Q4 CY18 (₹ in Billions) *Includes Energy Revenue Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q4 CY18 • Carbon revenue increased due to the improved realisations including the favorable impact from depreciation of Indian Rup
Slide 9: Advanced Materials Business Performance – Q4 CY18
Advanced Materials Business Performance – Q4 CY18 (₹ in Billions) Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q4 CY18 • Improved realisations, including appreciation of Euro against Indian Rupee, contributed to increase in revenue, offset by decrease in
Slide 10: Cement Performance – Q4 CY18
Cement Performance – Q4 CY18 (₹ in Billions) Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q4 CY18 • Revenue from Cement business decreased by 4.8% • Contribution from increase in sales volume by 10.6% offset by 5.3% decrease in realisations • Adjusted EB
Slide 11: Consolidated Debt Position
Consolidated Debt Position Highlights in Q4 CY18 $ in Millions Dec.’18 Dec.’17 • Cash balance of $122 million and unutilised working Senior Secured Notes capital facilities of $138 million. - 8.25% USD Bonds (due in 2021) - 247 • Net capital expenditure of ₹11.6 billion during 2018 includes $54.3 mi
Slide 12: Appendix
Appendix
Slide 13: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q4 2018 Q4 2017 CY 2018 CY 2017 Net Revenue 34,280 31,245 139,608 113,919 Other Operating Income 161 203 882 552 Revenue from Operations 34,441 31,448 140,490 114,471 Adjusted EBITDA 2,350 6,886 21,471 22,727 Adjusted EBITDA Margin 6.8% 21
Slide 14: Reconciliation of EBITDA and PAT for Q4 CY18
Reconciliation of EBITDA and PAT for Q4 CY18 ₹ in Millions Particulars EBITDA PAT A. Reported 1,064 (1,392) B. Adjustments: • Provision for expenses on account of strategic projects at 424 327 our European operations • Provision for customer receivable due to uncertainty of 782 657 collection • Reor
Slide 15: RAIN – Key Business Strengths
RAIN – Key Business Strengths • Three business verticals (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, 1.35 million tons p.a. coal tar distillation capacity, 0.65 million tons p.a. advanced mate
Slide 16: Thank You
Thank You R’ iL