Rain Industries Limited · NSE:RAIN
Rain Industries — Q4 CY17 Earnings Presentation
17 slides from Rain Industries's earnings presentation, Aug 28, 2018
Slide 1: Earnings Presentation – Q4 CY17
RAIN INDUSTRIES LIMITED Earnings Presentation – Q4 CY17 Investor Relations Contact: RAIN INDUSTRIES LIMITED (“the Company” or “RAIN”): Rain is a leading vertically integrated global producer of a diversified portfolio of carbon, cement and chemical products that are essential raw materials for stapl
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: Significant Developments during last two years
Significant Developments during last two years Functional integration across all three geographies (Europe, North America and India) into four critical functions (Operations, Commercial, Logistics and Finance). Successfully implemented six Capital Projects in Canada, Germany, India, Russia and USA a
Slide 4: Completed Capital Projects
Completed Capital Projects Flue Gas Desulfurization Plant in Chalmette, Louisiana, U.S.A. during Dec.’15 300,000 tons p.a. Coal Tar Pitch Facility in Russia during Feb.’16 7MW Waste Heat Recovery Power Generation Facility in Cement Plant at Kurnool, Andhra Pradesh, India during Sept.’16 1,000,000 to
Slide 5: Consolidated Performance – Q4 CY17
Consolidated Performance – Q4 CY17 ( in Billions) Revenue Adjusted EBITDA Highlights in Q4 CY17 • Expansion projects completed over the past 2 years and improved capacity utilisations are contributing to revenue and EBITDA growth. • Functional integration across all three geographies has improved ef
Slide 6: Key Market Factors
Key Market Factors Aluminium : Production & Demand ( Million Tons) Aluminium: Inventory (Million Tons) vis-à-vis LME (000 US$ per Ton) 6.0 2.5 73.7 75.9 5.0 2.0 67.465.0 70.4 68.6 69.9 64.462.6 66.8 4.0 Inventory 57.556.7 59.859.5 54.154.8 1.5 LME 3.0 1.0 2.0 1.0 0.5 0.0 0.0 2014A 2015A 2016A 2017F
Slide 7: Market Updates
Market Updates Growth in Primary Aluminium Demand 14.3% Growth in CPC Exports in Tons Asia (excl. GCC) 15% in YTD Dec-17 7% 3.50 6.25% 23% 3.04 5.75% 2.93 5% 5.25% 4.25% 3.75% 1.70 3.25% 1.50 2.75% 1.31 Global China Ex-China China US CY16 CY17 CY18 CY15 CY16 CY17 China Primary Aluminium in Tons - 20
Slide 8: Carbon Business Performance – Q4 CY17
Carbon Business Performance – Q4 CY17 ( in Billions) *Includes Energy Revenue Sales Volumes (Tons in Thousands) Revenue Highlights in Q4 CY17 • Revenues increased due to higher quotations and higher volumes in Other Carbon Products. • CPC volumes decreased due to delayed shipments. Incremental volum
Slide 9: Chemical Business Performance – Q4 CY17
Chemical Business Performance – Q4 CY17 ( in Billions) Sales Volumes (Tons in Thousands) Revenue Highlights in Q4 CY17 • Increase in revenue from Aromatic Chemicals and Resins & Modifiers contributed to an increase in revenue from Chemical business. • Strong demand for Resins from adhesive industry
Slide 10: Cement Performance – Q4 CY17
Cement Performance – Q4 CY17 ( in Billions) Sales Volumes (Tons in Thousands) Revenue Highlights in Q4 CY17 • Revenue from cement business decreased by ~ 13.4% mainly due to decrease in realisations by ~ 19.7% in Q4 CY17 compared to Q4 CY16, partly off-set with ~ 7.8% increase in volumes.. • Lower r
Slide 11: Consolidated Debt Position
Consolidated Debt Position US$ in Millions Pro-forma Dec.’17 Dec.’16 Highlights in Q4 CY17 Jan.‘18 • Cash balance of US$147 million and Senior Secured Notes unutilised working capital facilities of - 8.00% USD Bonds (due in 2018) - - 373 US$ 100 million - 8.25% USD Bonds (due in 2021) - 247 336 • Th
Slide 12: Net Working Capital & Debt Repayments
Net Working Capital & Debt Repayments Net Working Capital: Scheduled Repayments of Term Loan: / $ in Millions Dec.’17 Dec.’16 $ in Millions Inventories ( ) 19,985 12,678 Term Debt post Refinancing in Jan.18 1,085 Trade Receivables ( ) 16,873 10,392 Scheduled Repayments: Trade Payables ( ) (11,512) (
Slide 13: RAIN – Key Business Strengths
RAIN – Key Business Strengths • Three business verticals (Carbon, Cement and Chemicals) • Global presence with 2.1 million tons p.a. Calcination Capacity, 1.0 million tons p.a. CPC blending capacity, 1.35 million tons p.a. Coal Tar Distillation Capacity and 4.0 million tons p.a. Cement Capacity. • T
Slide 14: Appendix
Appendix
Slide 15: Summary of statement of operations
Summary of statement of operations in Millions Particulars Q4 CY17 Q4 CY16 CY 2017 CY 2016 Net Revenue 31,245 24,069 113,919 94,378 Other Operating Income 203 221 552 567 Revenue from Operations 31,448 24,290 114,471 94,945 Adjusted EBITDA 6,872 4,347 22,702 16,367 Adjusted EBITDA Margin 21.9% 17.9%
Slide 16: Reconciliation of Profit after tax to Adjusted Profit after tax
Reconciliation of Profit after tax to Adjusted Profit after tax in Millions Details Q4 2017 CY 2017 A. Reported Profit after tax 3,072 7,636 B. Add/(Less): Exceptional items Add: Premium on Redemption and Amortisation of Deferred finance cost on redemption of 2018 & 2021Notes through refinancing in
Slide 17: Thank You
Thank You REL