Slide 1: Earnings Presentation filing letter to stock exchanges
RAIN INDUSTRIES LIMITED RIL/SEs/2026 May 8, 2026 The General Manager The Manager Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra East Mumbai-400 001 Mumbai – 400 051
Slide 2: Earnings Presentation – Q1 2026
RAIN INDUSTRIES LIMITED Earnings Presentation – Q1 2026 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 3: 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 4: Safety Performance
Safety Performance 0.24 0.16 0.14 0.13 0.11 2022 2023 2024 2025 Q1 2026 TRIR Note: Total Recordable Incident Rate (“TRIR”) is reported in accordance with OSHA guidelines. Until 2023, reporting covered only the Carbon and Advanced Materials segments. Beginning in 2024, TRIR reporting includes all thr
Slide 5: Key Highlights – Q1 2026
Key Highlights – Q1 2026 • Revenue from Operations - ₹45.21 billion (20% ▲ Vs Q1’ 25) • Adjusted EBITDA - ₹7.15 billion (65% ▲ Vs Q1’ 25) • Adjusted Net Profit After Tax - ₹1.25 billion • Adjusted Earnings per share - ₹3.70 • Capital expenditure of US$10 million • Liquidity of US$ 362 million: o Cas
Slide 6: Aluminium Market Update
Aluminium Market Update Primary Aluminium Production Growth in Thousand Tonnes Not to Scale 29,636 30,340 31,705 32,726 43,109 43,671 44,155 44,288 2024 2025 2026 (F) 2027 (F) China ROW LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) 2 4 LME QUOTE (000 US$ per MT) NVENTORY (Mil
Slide 7: Price Trend of Key Products and Natural Gas
Price Trend of Key Products and Natural Gas 1,338 Not to Scale 1,239 1,026 972 899 916 882 864 851 738 Fuel Oil & Naphtha 704 678 853 700 635 709 663 625 612 610 quotations at 552 559 562 505 12-quarters high 568 600 455 498 480 460 445 450 435 440 411 349 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 D
Slide 8: Consolidated Revenue and EBITDA Q1 2026
Consolidated Revenue and EBITDA Q1 2026 (₹ in Billions) ₹ 1.39 ₹ 44.89 ₹ 6.18 ₹ 0.47 ₹ 7.15 -₹ 0.14 ₹ 2.35 -₹ 0.01 ₹ 37.46 ₹ 4.34 Q1 CY25 Carbon Advanced Cement Q1 CY26 Q1 CY25 Carbon Advanced Cement Q1 CY26 Materials Materials Revenue (excluding other operating income) Adjusted EBITDA Note: Charts
Slide 9: Carbon: Revenue and EBITDA
Carbon: Revenue and EBITDA Q1 CY26 Q4 CY25 Q1 CY25 CY 2025 2,593 124.98 Q1 2026 vs Q1 2025 • Revenue increase driven by 19.97 o Volumes improvements in Calcination due to strong demand & higher production as compared to ramping up of Capacity utilization during Q1 2025 o Increased prices across all
Slide 10: Advanced Materials: Revenue and EBITDA
Advanced Materials: Revenue and EBITDA Q1 CY26 Q4 CY25 Q1 CY25 CY 2025 Q1 2026 vs Q1 2025 31.62 • Revenue increase driven by 270 2.20 o Increased volumes in Chemical Intermediates and Resins subsegments o Finished product pricing increases related to reduced supplies in the market and appreciation o
Slide 11: Cement: Revenue and EBITDA
Cement: Revenue and EBITDA Q1 CY26 Q4 CY25 Q1 CY25 CY 2025 Q1 2026 vs Q1 2025 • Revenue decrease driven by 11.31 2,575 o Lower volumes due to increased competition offset 0.57 by slight increase in net sales price realisations. • EBITDA decreased due to: o Lower volumes and increased operating costs
Slide 12: Debt Profile and Summary of Cash Flows
Debt Profile and Summary of Cash Flows (₹ in millions) US$ in Millions Mar. 2026 Dec. 2025 Particulars Q1 2026 Q1 2025 Operating Activities 5,275 (7,655) Euro-denominated Senior Secured Term Loan 357 365 (due by October 2028) # Investing Activities 1,561 449 USD-denominated Senior Secured Notes (due
Slide 13: Business Outlook
Business Outlook • Transforming with Purpose: Strengthening our business model across 3 Business Segments (Carbon, Advanced Materials and Cement) • Sustainable performance: Developing alternative sources of raw-materials to achieve higher capacity utilization, to mitigate the supply disruptions in t
Slide 14: Thank You
Thank You RIO
Slide 15: Appendix
Appendix
Slide 16: Summary of Consolidated Statement of Profit and Loss
Summary of Consolidated Statement of Profit and Loss ₹ in Millions Particulars Q1 2026 Q4 2025 Q1 2025 CY 2025 Net Revenue 44,885 42,748 37,461 167,911 Other Operating Income 322 259 219 1,547 Revenue from Operations 45,207 43,007 37,680 169,458 Reported EBITDA 7,208 5,343 3,834 21,854 Adjusted EBIT
Slide 17: Non-GAAP Measurement Reconciliation of Profit / (Loss) Before Tax to Reported EBITDA
Non - GAAP Measurement Reconciliation of Profit / (Loss) Before Tax to Reported EBITDA ₹ in Millions Particulars Q1 2026 Q4 2025 Q1 2025 CY 2025 Profit / (Loss) Before Tax 2,558 656 (260) 4,345 Depreciation and amortisation expense 2,486 2,540 2,073 9,218 Finance costs 2,383 2,318 2,243 9,217 Intere
Slide 18: Reconciliation of Adjusted EBITDA and PAT
Reconciliation of Adjusted EBITDA and PAT ₹ in Millions Particulars Q1 2026 EBITDA PAT A. Reported 7,208 1,214 B. Adjustments/Exceptional items: • Insurance claims related to prior periods (110) (110) • Expenses towards non-recurring items 97 192 • Foreign exchange loss/(gain) on inter-company debt
Slide 19: 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, 1.3 million tonnes p.a. coal tar distillation capacity, 0.5 million tonnes p.a. advanced materials capacity and 4.0 million tonnes p.a.