Rain Industries Limited · NSE:RAIN
Rain Industries — Q1 CY21 Earnings Presentation
15 slides from Rain Industries's earnings presentation, April 2021
Slide 1: Earnings Presentation – Q1 CY21
RAIN INDUSTRIES LIMITED Earnings Presentation – Q1 CY21 Investor Relations Contact: 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
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: First-Quarter Results Spurs Cautious Optimism
First-Quarter Results Spurs Cautious Optimism Financial Highlights • Revenue from Operations was ₹ 30.08 billion and Adjusted EBITDA was ₹ 6.35 billion • Adjusted Net Profit After Tax was ₹ 2.15 billion and Adjusted Earnings Per Share was ₹ 6.40 • Capital expenditure of US$ 19 million for the quarte
Slide 4: Growing Demand and Increasing Realisations
Growing Demand and Increasing Realisations Carbon Volumes (MT 000) and Revenue ($/Ton) Advanced Materials Volumes (MT 000) and Revenue ($/Ton) 450 $1,662 $1,482 1,700 $670 $648 750 65 $1,427 1,550 400 $629 $1,386 $592 $599 650 $1,308 1,400 350 55 $1,138 $1,238 1,250 300 $472 550 $1,036 $451 45 1,100
Slide 5: Major Capital Projects Poised to Create Additional Market and Growth Opportunities
Major Capital Projects Poised to Create Additional Market and Growth Opportunities Hydrogenated Hydrocarbon Resins (HHCR) Plant, Germany • Expanding portfolio of customers for “water-white” resins • Developed new resin for biaxial-oriented polypropylene for food packaging • Company is working to ram
Slide 6: Q1 Results Driven by Strong Carbon Performance
Q1 Results Driven by Strong Carbon Performance (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q1 CY21 • Carbon segment revenue and EBITDA improved due to increased demand • Advanced Materials segment EBITDA declined primarily due to sale of superplasticizers
Slide 7: Carbon Revenues Up Despite Lower Volumes
Carbon Revenues Up Despite Lower Volumes (₹ in Billions) *Includes Energy Revenue Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q1 CY21 • CPC revenue increased primarily on account of higher prices due to increased demand offset by lower volumes • Pitch
Slide 8: Advanced Materials Results Reduced by Sale of Superplasticizers Business
Advanced Materials Results Reduced (₹ in Billions) by Sale of Superplasticizers Business Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q1 CY21 • Revenue decrease primarily driven by the sale of the superplasticizers business in December 2020 and lower vo
Slide 9: Cement Performance Driven by Increase in Volumes and Realisations
Cement Performance Driven (₹ in Billions) by Increase in Volumes and Realisations Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q1 CY21 • Revenue from Cement business increased by 37.6% due to higher volumes and realisations • Adjusted EBITDA increased b
Slide 10: Debt Summary
Debt Summary US$ in Millions Mar 2021 Dec 2020 Highlights in Q1 2021 7.25% USD-denominated Senior Secured • Capital expenditure of ₹1.39 billion (US$ 19 million) 550 550 Notes (due in April 2025) during Q1 2021 includes ₹0.22 billion (US$ 3 Euro-denominated Senior Secured Term million) spent on our
Slide 11: Closing Remarks / Thank You
Closing Remarks • Q1 2021 was the third consecutive quarter with increased revenues, spurred by improved economic conditions and the rollout of COVID vaccinations • While uncertainly remains, we are cautiously optimistic about the rest of 2021 • Our Company is well positioned to take advantage of op
Slide 12: Appendix
Appendix
Slide 13: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q1 2021 Q4 2020 Q1 2020 CY 2020 Net Revenue 29,895 26,201 28,816 103,962 Other Operating Income 182 201 160 685 Revenue from Operations 30,077 26,402 28,976 104,647 Reported EBITDA 6,235 7,775 4,520 21,008 Adjusted EBITDA 6,351 4,804 5,579
Slide 14: Reconciliation of EBITDA and PAT for Q1 CY21
Reconciliation of EBITDA and PAT for Q1 CY21 ₹ in Millions Particulars EBITDA PAT A. Reported 6,235 2,063 B. Adjustments: • Repairs and other costs incurred on 115 115 account of hurricane • Expenses towards strategic projects and 104 104 other non-recurring items • Gain on sale of miscellaneous pro
Slide 15: RAIN – Key Business Strengths
RAIN – Key Business Strengths • Three business segments (Carbon, Advanced Materials and Cement) • Global presence with 2.1 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