Tata Chemicals Limited · NSE:TATACHEM
Tata Chemicals — Q4 FY2024 Earnings Presentation
25 slides from Tata Chemicals's earnings presentation, Apr 29, 2024
Slide 1: Submission of Analysts/Investors Presentation cover letter
April 29, 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: TA
Slide 2: Investors Communication: Quarter and Year Ended 31 March 2024
Investors Communication ------------------------------------------ Quarter and Year Ended 31 March 2024 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 Year Ended 31 March 2024 3
Slide 5: Performance Highlights - Consolidated
Performance Highlights - Consolidated • India demand for FY24 remained muted, however, demand in Q4 FY24 Q4FY24 12MFY24 shown sign of recovery, boosted by detergent and chemical sectors. Revenue Revenue Flat and solar glass sectors had mixed demand, while container glass ₹ 3,475 Cr (CY) vs. ₹ 4,407
Slide 6: Financial Snapshot for the Quarter Ended 31 March 2024
Financial Snapshot for the Quarter Ended 31 March 2024 Consolidated | ₹ Crore Revenue EBITDA Profit Before Tax (before Profit After Tax (before exceptional items) exceptional items and NCI) 4,407 3,730 3,475 965 686 694 542 443 262 194 167 145 Q4FY24 Q3FY24 Q4FY23 Q4FY24 Q3FY24 Q4FY23 Q4FY24 Q3FY24
Slide 7: Financial Snapshot for the Year Ended 31 March 2024
Financial Snapshot for the Year Ended 31 March 2024 Consolidated| ₹ Crore Revenue EBITDA Profit Before Tax (before Profit After Tax (before exceptional items) exceptional items and NCI) 16,789 15,421 3,822 2,740 2,847 2,452 1,691 1,310 FY24 FY23 FY24 FY23 FY24 FY23 FY24 FY23 Revenue lower by ₹ 1,368
Slide 8: Unit wise Profit & Loss
Unit wise Profit & Loss Statement of Profit and Loss for the quarter ended March 2024 Units Consolidated India US UK Kenya Rallis Var vs Var vs Var vs Var vs Var vs Var vs Rs Cr Q4FY24Q3FY24Q4FY23 Q4FY24 Q3FY24 Q4FY23 Q4FY24Q3FY24Q4FY23 Q4FY24Q3FY24Q4FY23 Q4FY24Q3FY24Q4FY23 Q4FY24Q3FY24Q4FY23 PY PY
Slide 9: Balance Sheet as on March 2024
Balance Sheet as on March 2024 Consolidated (₹ Cr) Standalone (₹ Cr) 31-Mar-24 31-Mar-23 31-Mar-24 31-Mar-23 Non - Current Assets 30,389 26,920 19,047 14,906 Inventories 2,524 2,532 939 1,203 Investments 615 1,270 368 1,049 Trade Receivables 1,900 2,627 232 201 Cash and Cash Equivalent 645 665 52 85
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 893 811 897 3,328 3,538 57 55 56 218 225 446 407 415 1,651 1,629 64 64 63 245 289 46 50 60 208 75 83 75 307 323 256 23 23 23 93 105 370 298 1,278 1,250 3
Slide 11: Production Volumes | Key Products
Production Volumes | Key Products Soda Ash| In Kts Sodium Bicarbonate | in Kts Salt | in Kts India US US - Export UK Kenya India UK India UK 950 840 912 3,563 3,788 54 57 56 218 226 449 412 417 1,654 1,658 59 52 74 230 326 64 67 283 79 82 81 299 336 72 338 23 24 24 92 105 646 520 565 2,297 2,325 370
Slide 12: Historical Financial Trends - Consolidated and Standalone
Historical Financial Trends Consolidated | ₹ Crore Standalone | ₹ Crore 5,000 16,789 4,500 4,930 15,421 Revenue 4,000 3,500 4,384 12,622 3,000 3,721 10,200 2,500 2,999 2,000 1,500 1,000 4,218 3,998 3,730 3,475 500 1,135 1,066 1,093 1,090 - FY21 FY22 FY23 FY24 Q1FY24 Q2FY24 Q3FY24 Q4FY24 FY21 FY22 FY
Slide 13: Historical Financial Trends - USA and Kenya
Historical Financial Trends USA | ₹ Crore Kenya | ₹ Crore 1,000 5,377 900 5,271 800 945 Revenue 700 3,688 600 500 640 2,878 400 577 300 413 1,484 200 1,326 1,260 1,307 175 163 146 156 100 - FY21 FY22 FY23 FY24 Q1FY24 Q2FY24 Q3FY24 Q4FY24 FY21 FY22 FY23 FY24 Q1FY24 Q2FY24 Q3FY24 Q4FY24 4,000 70% 1,00
Slide 14: Historical Financial Trends - UK and Rallis
Historical Financial Trends UK | ₹ Crore Rallis | ₹ Crore 3,000 3,000 2,500 2,500 2,967 Revenue 2,629 2,602 2,648 2,000 2,404 2,000 2,424 1,500 1,949 1,500 1,000 1,409 1,000 833 500 650 608 594 553 500 782 598 - - 436 FY21 FY22 FY23 FY24 Q1FY24 Q2FY24 Q3FY24 Q4FY24 FY21 FY22 FY23 FY24 Q1FY24 Q2FY24
Slide 15: India Expansion Plan on track
India Expansion Plan on track Expansion - Ongoing Expansion - Planned Incremental Capacity Capacity Products (beyond Ongoing Products (Lacs MT) FY23 FY24 Q1FY25 Expansion) Expansion Integration of new capacity with existing plant will Soda Ash ~30% Soda Ash 2.3 0.45 1.85 happen during annual shutdow
Slide 16: Strategic Priorities
Strategic Priorities • Deliver consistent performance through customer engagement India • Deliver capacity expansions - Soda Ash, Bicarb & Salt • Extend Portfolio offerings: New product introductions, plug portfolio gaps Rallis • Investment in marketing, manufacturing, and digitization capabilities
Slide 17: Sustainability
Sustainability ESG initiatives Priorities Focus Areas & Projects • ESG disclosure format – BRSR external assurance for FY24 completed. Will be reported ESG Focus Sustainable & Ethical Impacts along with the integrated report. • Scale up of biomass sourcing on track. Cofiring with coal Climate Absolu
Slide 18: Awards and Recognitions
Awards and Recognitions Rajiv Chandan, Chief General Counsel & Nandakumar Tirumalai received the Best The World Innovation Company Secretary at Tata Chemicals, CFO Award in the Chemicals and Fertilizers Congress honored Dr. Richard was honored with the IBLJ In-house Category from ASSOCHAM (The Assoc
Slide 19: Annexure: Tata Chemicals Background
Annexure Tata Chemicals Background 18
Slide 20: 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 21: 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 22: 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 21
Slide 23: 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 | 215 patents filed; 146 granted 22
Slide 24: Soda Ash Sales Volume Trends
Soda Ash Sales Volume Trends 176 169 168 615 610 608 626 166 India | In Kts USA | In Kts 154 156 155 161 157 568 561 535 545 529 323 276 289 313 371 370 295 315 298 292 292 272 297 237 240 230 256 231 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY23 FY23 FY23 FY23 FY24 FY24 FY24 FY24
Slide 25: Thank You
THANK YOU For any queries, please contact below : Vijay Furia Damini Jhunjhunwala vfuria@tatachemicals.com djhunjhunwala@tatachemicals.com Gavin Desa Suraj Digawalekar gavin@cdr-india.com suraj@cdr-india.com 24