Rain Industries Limited · NSE:RAIN
Rain Industries — Q1 CY23 Earnings Presentation
15 slides from Rain Industries's earnings presentation, May 9, 2023
Slide 1: Earnings Presentation – Q1 CY23
RAIN INDUSTRIES LIMITED Earnings Presentation – Q1 CY23 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 2: 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 3: Results for First Quarter - 2023: Financial and Business Highlights
Results for First Quarter - 2023 Financial Highlights • Revenue from Operations was ₹ 52.54 billion and Adjusted EBITDA was ₹ 6.85 billion • Adjusted Net Profit After Tax was ₹ 2.15 billion and Adjusted Earnings Per Share was ₹ 6.38 • Capital expenditures of US$ 22 million for the three-month period
Slide 4: Aluminium: Production, Price and Inventory Levels
Aluminium: Production, Price and Inventory Levels Not to Scale Primary Aluminium Production Growth in Thousand Tonnes LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) 2.00 4.00 1.80 3.50 1.60 3.00 1.40 2.50 1.20 LME Quote 1.00 2.00 0.80 1.50 0.60 1.00 0.40 0.50 0.20 - - Inventor
Slide 5: Growing Demand, Increasing Prices and Costs
Growing Demand, Increasing Prices and Costs Carbon Volumes (000 Tonne) and Price ($/T) Advanced Materials Volumes (000 Tonne) and Price ($/T) 400 1,600 45 $2,250 2,500 $1,337 $1,340 $1,328 350 $1,270 1,400 40 $2,013 $1,863 $1,884 $1,818 300 1,200 35 $1,709 2,000 $1,555 $936 30 $1,471 $1,860 250 1,00
Slide 6: Segment Volumes Mixed, with Higher Costs Driving Margins Back to Historical Normal
Segment Volumes Mixed, with Higher Costs Driving Margins Back to Historical Normal (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q1 CY23 • Carbon segment revenue increase driven by higher prices on account of higher raw material costs and operating costs •
Slide 7: Carbon: Significant Increase in Revenue Driven by Pricing
Carbon: Significant Increase in Revenue Driven by Pricing (₹ in Billions) *Includes Energy Revenue Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q1 CY23 • CPC revenue increased primarily on account of prices reaching to peak levels driven by increased raw materia
Slide 8: Advanced Materials: Impacted by Lower Volumes
Advanced Materials: Impacted by Lower Volumes (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q1 CY23 • Decrease in volumes driven by lower production on account of closure of aromatic chemicals business and temporary shutdowns of facilities, for op
Slide 9: Cement: Flat Revenues and Volumes
Cement: Flat Revenues and Volumes (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q1 CY23 • Revenue from Cement business decreased by 2% primarily due to lower volumes • Adjusted EBITDA decreased by ₹ 346 million due to higher energy costs OPC – Ord
Slide 10: Debt Summary
Debt Summary US$ in Millions Mar 2023 Dec 2022 Cash Inflows / Outflows during Q1 2023 7.25% USD-denominated Senior Secured 530 530 • Operating cash flows includes net working capital Notes (due in April 2025) inflows of ₹ 6.76 billion (compared to outflows of Euro-denominated Senior Secured Term ₹ 6
Slide 11: Thank You
Thank You RIO
Slide 12: Appendix
Appendix
Slide 13: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement ₹ in Millions Particulars Q1 2023 Q4 2022 Q1 2022 CY 2022 Net Revenue 52,093 54,112 44,093 209,063 Other Operating Income 442 456 273 1048 Revenue from Operations 52,535 54,568 44,366 210,111 Reported EBITDA 5,370 6,629 7,986 36,381 Adjusted EBITDA 6,846 6,89
Slide 14: Reconciliation of EBITDA and PAT for Q1 2023
Reconciliation of EBITDA and PAT for Q1 2023 ₹ in Millions Particulars EBITDA PAT A. Reported 5,370 1,053 B. Adjustments: - Inventory adjustments 1,703 1,703 - Insurance claims relating to prior periods (247) (247) - Expenses towards strategic projects and other non-recurring items 20 20 - Tax impac
Slide 15: 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