Tata Chemicals Limited · NSE:TATACHEM
Tata Chemicals — Q3 FY2024 Earnings Presentation
24 slides from Tata Chemicals's earnings presentation, Feb 5, 2024
Slide 1: Submission of Analysts/Investors Presentation cover letter
February 5, 2024 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 Nine Months Ended 31 December 2023
Investors Communication ------------------------------------------ Quarter and Nine Months Ended 31 December 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 Nine Months Ended 31 December 2023 3
Slide 5: Performance Highlights - Consolidated
Performance Highlights - Consolidated • Market demand remains tepid across all key regions and Q3FY24 9MFY24 segments • Container and flat glass sectors significantly impacted in Revenue Revenue Europe. LATAM experiencing slowdown, especially in ₹ 3,730 Cr (CY) vs. ₹ 4,148 Cr (PY) ₹ 11,946 Cr (CY) v
Slide 6: Financial Snapshot for the Quarter Ended December 2023
Financial Snapshot for the Quarter Ended 31 December 2023 Consolidated | ₹ Crore Revenue EBITDA Profit Before Tax Profit After Tax 3,998 4,148 3,730 922 819 542 615 534 495 432 262 194 Q3FY24 Q2FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY23 Q3FY24 Q2FY24 Q3FY23 Revenue lower by ₹ 418 Crore (↓
Slide 7: Financial Snapshot for the Nine Months Ended December 2023
Financial Snapshot for the Nine Months Ended 31 December 2023 Consolidated| ₹ Crore Revenue EBITDA Profit Before Tax Profit After Tax 11,946 12,382 2,857 2,404 2,054 1,626 1,758 1,267 YTD Dec 23 YTD Dec 22 YTD Dec 23 YTD Dec 22 YTD Dec 23 YTD Dec 22 YTD Dec 23 YTD Dec 22 Revenue lower by ₹ 436 Crore
Slide 8: Unit wise Profit & Loss
Unit wise Profit & Loss Statement of Profit and Loss for the quarter ended December 2023 Units Consolidated Tata Chem India USA UK Kenya Rallis Var vs Var vs Var vs Var vs Var vs Var vs ₹ Cr Q3FY24 Q2FY24 Q3FY23 PY Q3FY24 Q2FY24 Q3FY23 PY Q3FY24 Q2FY24 Q3FY23 PY Q3FY24 Q2FY24 Q3FY23 PY Q3FY24 Q2FY24
Slide 9: 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 811 822 898 2,434 2,639 55 54 53 161 169 407 415 408 1,206 1,214 64 61 69 181 226 162 83 77 75 232 248 50 55 63 196 23 24 24 70 82 298 315 313 908 879 32
Slide 10: Historical Financial Trends: Consolidated and Standalone
Historical Financial Trends Consolidated | ₹ Crore Standalone | ₹ Crore Revenue 4,239 4,148 4,407 4,218 1,302 3,995 3,998 3,730 1,225 1,185 1,218 1,135 3,481 1,115 1,066 1,093 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 1,400 25% 25
Slide 11: Historical Financial Trends: USA and Kenya
Historical Financial Trends USA | ₹ Crore Kenya | ₹ Crore Revenue 246 251 241 1,650 1,484 208 1,323 1,326 1,260 1,092 1,119 1,179 175 171 163 156 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 32% 53% 52% 600 35% 28% 160 48% 60% 500 25
Slide 12: Historical Financial Trends: UK and Rallis
Historical Financial Trends UK | ₹ Crore Rallis | ₹ Crore 800 1,000 900 700 739 951 707 800 Revenue 600 651 650 700 863 833 608 594 782 576 500 600 531 630 598 400 500 300 400 507 523 300 200 200 100 100 - - Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q
Slide 13: 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 Target Till December 2023 Compl
Slide 14: Strategic Priorities
Strategic Priorities Tata Chem • Deliver consistent market and customer delivery performance through customer engagement India • Deliver capacity expansions - Soda Ash, Bicarb & Salt • Extend Portfolio offerings: New product introductions, plug portfolio gaps Rallis • Strengthen Manufacturing: Inves
Slide 15: Sustainability
Sustainability ESG initiatives Priorities Focus Areas & Projects ESG Focus Sustainable & Ethical Impacts • ESG Disclosures improvement study has been completed • Biomass scale-up pilot underway Climate Absolute carbon emission reduction • Energy audit recommendations under implementation Change • Tr
Slide 16: Awards and Recognitions
Awards and Recognitions Tata Chemicals clinches Gold at Rallis India grabs Silver at the ICAI Tata Chemicals recognised for the ICAI Sustainability Reporting Sustainability Reporting Awards Innovation; secures CII Industrial Awards 2023 2023 Intellectual Property Award 2023 15
Slide 17: Awards and Recognitions
Awards and Recognitions Tata Chemicals recognised as the Tata Chemicals Mambattu Plant Tata Chemicals earns MIKE Award Most Innovative Company at the receives Gold Rating under the for Knowledge Management & prestigious CII Industrial Innovation IGBC Green Factory Building Innovation Excellence Awar
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 | 208 patents filed; 137 granted 21
Slide 23: Soda Ash Sales Volume Trends
Soda Ash Sales Volume Trends India | In Kts USA | In Kts 176 169 166 168 586 615 568 610 608 156 154 156 155 161 561 535 545 529 320 323 276 289 313 371 295 315 298 266 292 292 272 297 237 240 230 231 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY22 FY22 FY23 FY23 FY23 FY23 FY24 FY24 FY24
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