Tata Chemicals Limited · NSE:TATACHEM
Tata Chemicals — Q2 FY2024 Earnings Presentation
24 slides from Tata Chemicals's earnings presentation, Nov 10, 2023
Slide 1: Submission of Analysts/Investors Presentation to stock exchanges
November 10, 2023 The General Manager The Manager Corporate Relations Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street Bandra-Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 500770 Symbol:
Slide 2: Investors Communication: Quarter and Half Year Ended September 2023
Investors Communication ------------------------------------------ Quarter and Half Year Ended September 2023 1
Slide 3: Safe Harbour Statement
Safe Harbour Statement “This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expression
Slide 4: Financial Highlights
Financial Highlights Quarter and Half Year Ended September 2023 3
Slide 5: Performance Highlights - Consolidated
Performance Highlights - Consolidated Q2FY24 (₹ Crore) H1FY24 (₹ Crore) • Company continues to have robust cash flows through efficient working capital management Revenue Revenue and capex ₹ 3,998 Cr (CY) vs. ₹ 4,239 Cr (PY) ₹ 8,216 Cr (CY) vs ₹ 8,234 Cr (PY) • Capital investment projects on track •
Slide 6: Financial Snapshot for the Quarter Ended September 2023
Financial Snapshot for the Quarter Ended September 2023 (₹ Crore) Consolidated | ₹ Crore Revenue Revenue Revenue EBITDA EBITDA Profit Before Tax (incl exceptional Profit After Tax (incl exceptional item of ₹ 102 Crore) item of ₹ 102 Crore) 4,218 4,239 3,998 1,043 920 819 749 723 615 685 495 578 Q2FY
Slide 7: Financial Snapshot for the Half Year Ended September 2023
Financial Snapshot for the Half Year Ended September 2023 (₹ Crore) Consolidated| ₹ Crore Revenue Revenue EBITDA EBITDA Profit Before Tax (incl exceptional Profit After Tax (incl exceptional item of ₹ 102 Crore) item of ₹ 102 Crore) 8,216 8,234 1,862 1,935 1,364 1,520 1,326 1,073 YTD Sep 23 YTD Sep
Slide 8: Unit wise Profit & Loss
Unit wise Profit & Loss (₹ Crore) Statement of Profit and Loss for the quarter ended September 2023 Units Consolidated Tata Chem India USA UK Kenya Rallis Var vs Var vs Var vs Var vs Var vs Var vs ₹ Cr Q2FY24 Q1FY24 Q2FY23 PY Q2FY24 Q1FY24 Q2FY23 PY Q2FY24 Q1FY24 Q2FY23 PY Q2FY24 Q1FY24 Q2FY23 PY Q2
Slide 9: Balance Sheet as on September 2023
Balance Sheet as on September 2023 Consolidated (₹ Cr) Standalone (₹ Cr) 30-Sep-23 31-Mar-23 30-Sep-23 31-Mar-23 Non - Current Assets 28,817 26,920 17,035 14,906 Inventories 2,481 2,532 1,018 1,203 Investments 566 1,270 458 1,049 Trade Receivables 2,349 2,627 163 201 Cash and Cash Equivalent 826 665
Slide 10: Sales Volumes | Key Products
Sales Volumes | Key Products Soda Ash| In Kts Sodium Bicarbonate | in Kts Salt | in Kts India US - Domestic US - Export UK Kenya India UK India UK 822 801 857 1,623 1,742 54 53 58 107 116 415 384 387 799 805 61 55 73 117 157 77 72 84 149 172 55 57 112 69 133 24 24 48 30 58 315 295 289 610 566 338 31
Slide 11: Historical Financial Trends (₹ Crore)
Historical Financial Trends (₹ Crore) Consolidated | ₹ Crore Standalone | ₹ Crore 2,000 4,407 1,800 3,995 4,239 4,148 4,218 3,998 Revenue 1,600 3,481 1,400 3,141 1,302 1,200 1,225 1,185 1,218 1,135 1,115 1,000 1,066 931 800 600 400 200 - Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY22
Slide 12: Historical Financial Trends: USA and Kenya
Historical Financial Trends (₹ Crore) USA | ₹ Crore Kenya | ₹ Crore 300 250 Revenue 1,650 246 251 1,484 200 241 1,323 1,326 208 1,092 1,119 1,179 150 171 175 891 156 100 132 50 - Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 32% 800 4
Slide 13: Historical Financial Trends: UK and Rallis
Historical Financial Trends (₹ Crore) UK | ₹ Crore Rallis | ₹ Crore 1,000 800 951 900 739 700 707 Revenue 863 800 651 650 833 600 608 782 700 500 551 576 531 600 400 500 628 630 300 400 507 523 300 200 200 100 100 - - Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY22 Q4FY22 Q1FY23 Q2FY2
Slide 14: Expansion Plan on track
Expansion Plan on track Expansion - Ongoing Expansion - Planned Capacity Incremental Capacity Products (Lacs MT) FY23 H1 FY24 H2 FY24 Products (beyond Ongoing Expansion) Expansion Soda Ash ~30% Soda Ash 2.3 0.45 1.85 Bicarb 0.7 Bicarb ~40% 0.70 Salt 3.3 3.30 Silica 5x Till September 2023 Target Comp
Slide 15: Strategic Priorities
Strategic Priorities Tata Chem • Deliver consistent market and customer delivery performance through customer engagement India • Deliver capacity expansions - Soda Ash, Bicarb & Salt expansion • Extend Portfolio offerings: New product introductions, plug portfolio gaps Rallis • Strengthen Manufactur
Slide 16: Sustainability
Sustainability ESG initiatives Priorities Focus Areas & Projects ESG Focus Sustainable & Ethical Impacts • ESG Disclosures improvement study is being carried out Climate • Biomass scaleup pilot underway Absolute carbon emission reduction • Energy audit recommendations under implementation Change • T
Slide 17: Awards and Recognitions
We are delighted to inform you that Tata Chemicals was felicitated with The Most Innovative Companies of India 2023-24 award at the recently held Marksmen Daily's premier edition of the Most Innovative Companies of India 2023-24. This award is a recognition of our constant endeavour toward fostering
Slide 18: Annexure: Tata Chemicals Background
Annexure Tata Chemicals Background 17
Slide 19: Journey So Far
Journey So Far Till FY21 FY20 FY18 FY18 Onwards Divestment of Urea Completed Demerger and Phosphate of Consumer Focused Chemistry Fertiliser Business Products Business Solutions Company With 13 Supported by 3 R&D Footprint across 4 Employing ~5,000 Manufacturing centers with Continents people units
Slide 20: Our Facilities | India Operations
Our Facilities | India Operations India India Rallis India Limited1 Major Soda ash, Bicarb, Salt, Marine Prebiotics Crop Care, Crop Protection and Seeds Products chemicals and Cement Specialty silica (herbicides, fungicides and insecticides, etc) Soda Ash: 1,091,000 MTPA Installed Prebiotic: 5,000 M
Slide 21: Our Facilities | International Operations
Our Facilities | International Operations USA UK Kenya Major Soda Ash, Bicarb, Soda Ash Soda Ash Products Salt Soda Ash: 400,000 MTPA Installed 2,540,000 MTPA Bicarb: 130,000 MTPA 350,000 MTPA Capacity* Salt: 430,000 MTPA Lostock & Winnington, Location Wyoming, USA Magadi, Kenya Middlewich, UK * Inc
Slide 22: Our Facilities | R&D Facilities
Our Facilities | R&D Facilities Tata Chem India Innovation Centre Rallis India R&D Centre 200+ Technically skilled Scientists in R&D 3 State-of-the-art innovation Centers Intellectual property | 204 patents filed; 133 granted 21
Slide 23: Soda Ash Sales Volume Trends
Soda Ash Sales Volume Trends Domestic Domestic Exports India | In Kts USA | In Kts 178 176 169 166 617 586 615 610 608 156 154 156 155 161 568 561 535 545 353 320 323 276 289 313 371 295 315 264 266 292 292 272 297 237 240 230 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY22 FY22 FY22 FY23
Slide 24: THANK YOU
THANK YOU For any queries, please contact below : Sriram Srinivasan Damini Jhunjhunwala ssriram@tatachemicals.com djhunjhunwala@tatachemicals.com Gavin Desa Suraj Digawalekar gavin@cdr-india.com suraj@cdr-india.com 23