Rain Industries Limited · NSE:RAIN
Rain Industries — Q2 CY22 Earnings Presentation
16 slides from Rain Industries's earnings presentation, Jul 29, 2022
Slide 1: Rain Industries Limited - Earnings Presentation filing letter
R IL RAIN INDUSTRIES LIMITED RIL/SEs/2022 July 29, 2022 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 Dalai Street, Fort Bandra East Mumbai-400 001 Mumbai-400
Slide 2: Earnings Presentation – Q2 CY22
RAIN INDUSTRIES LIMITED Earnings Presentation – Q2 CY22 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: Second-Quarter Results: Financial and Business Highlights
Second-Quarter Results Financial Highlights • Revenue from Operations was ₹ 55.41 billion and Adjusted EBITDA was ₹ 12.52 billion • Adjusted Net Profit After Tax was ₹ 6.96 billion and Adjusted Earnings Per Share was ₹ 20.70 • Capex was US$ 48 million for H1 2022, of which ~ US$ 9 million relates to
Slide 5: 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 4.0 2.40 3.5 1.90 3.0 LME Quote 1.40 2.5 2.0 0.90 1.5 0.40 1.0 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21
Slide 6: Growing Demand, Increasing Realisations and Costs
Growing Demand, Increasing Realisations and Costs Carbon Volumes (000 Metric Tonne) and Price ($/MT) Advanced Materials Volumes (000 Metric Tonne) and Price ($/MT) 400 1,400 $2,013 2,200 $1,270 65 350 $1,818 2,000 1,200 55 $1,633 1,800 300 $936 $1,545 $1,555 $863 1,000 $1,466 $1,471 $815 45 1,600 25
Slide 7: Increased Margin Driven by Price Lag Offset by Lower Volumes
Increased Margin Driven by Price Lag Offset by Lower Volumes (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q2 CY22 • Carbon segment revenue significantly increased, driven by strong demand and market quotations offset by lower volumes due to raw material av
Slide 8: Carbon: Increase in Revenue Driven by Realisations
Carbon: Increase in Revenue Driven by Realisations (₹ in Billions) *Includes Energy Revenue Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q2 CY22 • CPC revenue increased primarily on account of higher prices due to increased raw material prices offset by lower pr
Slide 9: Advanced Materials: Rebound Despite Higher Energy Costs
Advanced Materials: Rebound Despite Higher Energy Costs (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q2 CY22 • Revenue increase was primarily the result of higher prices on account of changes in energy prices, changes in product mix and customer
Slide 10: Cement: Lower Revenues Driven by Decreased Volumes
Cement: Lower Revenues Driven by Decreased Volumes (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q2 CY22 • Revenue from Cement business decreased by 2.8% due to lower volumes slightly offset by increase in price realisations • Adjusted EBITDA decr
Slide 11: Debt Summary
Debt Summary US$ in Millions Jun 2022 Dec 2021 Cash Inflows / Outflows during H1 2022 7.25% USD-denominated Senior Secured 531# 546 • Operating cash flows includes net working capital Notes (due in April 2025) outflows of ₹ 15.46 billion (compared to outflows of Euro-denominated Senior Secured Term
Slide 12: Thank You
Thank You 11
Slide 13: Appendix
Appendix
Slide 14: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement ₹ in Millions Particulars Q2 2022 Q1 2022 Q2 2021 CY 2021 Net Revenue 55,265 44,093 36,223 143,697 Other Operating Income 141 273 212 1,571 Revenue from Operations 55,406 44,366 36,435 145,268 Reported EBITDA 12,105 7,986 6,781 25,291 Adjusted EBITDA 12,520 8
Slide 15: Reconciliation of EBITDA and PAT for Q2 2022
Reconciliation of EBITDA and PAT for Q2 2022 ₹ in Millions Particulars EBITDA PAT A. Reported 12,105 6,685 B. Adjustments: • Expenses towards strategic projects and other non-recurring items @ 418 418 • Repair and other costs incurred on account of hurricane 19 19 • Gain on repurchase of bonds (22)
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