Rain Industries Limited · NSE:RAIN
Rain Industries — Q1 CY19 Earnings Presentation
17 slides from Rain Industries's earnings presentation, May 8, 2019
Slide 1: Rain Industries Limited exchange filing cover letter
R IL RAIN INDUSTRIES LIMITED RIL/SEs/2019 May 8, 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-400 0
Slide 2: Earnings Presentation – Q1 CY19
RAIN INDUSTRIES LIMITED Earnings Presentation – Q1 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: First-Quarter Summary
First-Quarter Summary Financial Highlights • Revenue from Operations is ₹32.0 billion and Adjusted EBITDA is ₹3.6 billion. • Adjusted Net Profit After Tax is ₹0.7 billion and Adjusted Earnings Per Share is ₹2.2. • Strong Cash of ₹10.5 billion to fund CAPEX projects and meet debt obligations in the n
Slide 5: Market Update
Market Update Primary Aluminium Production Growth in Thousand Metric Tons LME Inventory (Million MT) vis-à-vis LME (000 US$ per MT) Not to Scale 6.0 2.5 (0.20%) 5.0 2.3 (3.69%) 4.0 2.1 Inventory LME (-3.59%) (13.16%) 3.0 1.9 (-2.02%) (-0.03%) 2.0 1.7 1.0 1.5 0.0 1.3 Jun-14 Sep-14 Dec-14 Jun-15 Sep-1
Slide 6: Aluminium Market Update
Aluminium Market Update • Downward trend of LME aluminium pricing during Q1 2019 expected to continue in medium-term • Current level of global inventory days of primary aluminium consumption in 2019 estimated to be lowest in decades • Weaker demand for aluminium during Q1 CY19 from major end-use mar
Slide 7: Update on Petcoke Import Ban in India
Update on Petcoke Import Ban in India • During Q1 2019, RAIN was allocated additional GPC of 33,680 tons from volumes surrendered by other calciners making total allocation of 287,019 tons for the period from Oct.’18 to Mar.’19 • 553,574 tons allotted to the Company for the period from Apr.’19 to Ma
Slide 8: Consolidated Performance – Q1 CY19
Consolidated Performance – Q1 CY19 (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q1 CY19 • Carbon segment affected by CPC import ban and GPC import limitations in India • Appreciation of USD and Euro against INR partially offset the impact of a decline real
Slide 9: Carbon Business Performance – Q1 CY19
Carbon Business Performance – Q1 CY19 (₹ in Billions) *Includes Energy Revenue Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q1 CY19 • Decrease in CPC revenue due to decreased prices in Asian markets and price pressure in North America resulting from dela
Slide 10: Advanced Materials Business Performance – Q1 CY19
Advanced Materials Business Performance – Q1 CY19 (₹ in Billions) Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q1 CY19 • Revenue marginally decreased due to the offset of improved realisations by a decrease in volumes • Lower volumes in resins business d
Slide 11: Cement Performance – Q1 CY19
Cement Performance – Q1 CY19 (₹ in Billions) Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q1 CY19 • Revenue from Cement business increased by 20.0% due to increase in volumes and realisations • Sales volumes increased across all markets except Odisha, Ke
Slide 12: Consolidated Debt Position
Consolidated Debt Position Highlights in Q1 CY19 $ in Millions Mar.’19 Dec.’18 • Cash and bank balance of $151 million and unutilised Senior Secured Notes working capital facilities of $166 million. • Capital expenditure of ₹2.5 billion (~$35 million) during - 7.25% USD Bonds (due in April 2025) 550
Slide 13: Appendix
Appendix
Slide 14: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q1 2019 Q4 2018 Q1 2018 CY 2018 Net Revenue 31,776 34,280 32,911 139,608 Other Operating Income 189 161 157 882 Revenue from Operations 31,965 34,441 33,068 140,490 Adjusted EBITDA 3,551 2,350 6,627 21,471 Adjusted EBITDA Margin 11.1% 6.8%
Slide 15: Reconciliation of EBITDA and PAT for Q1 CY19
Reconciliation of EBITDA and PAT for Q1 CY19 ₹ in Millions Particulars EBITDA PAT A. Reported 3,518 688 B. Adjustments: • Reorganisation costs on account of closing of certain (33) (30) facilities in Europe • Certain insurance claims received during the quarter (46) (35) related to prior periods • O
Slide 16: 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, 1.3 million tons p.a. coal tar distillation capacity, 0.7 million tons p.a. advanced materi
Slide 17: Thank You
Thank You R’ iL