Slide 1: Earnings Presentation Cover Letter to Stock Exchanges
RAIN INDUSTRIES LIMITED RIL/SEs/2025 February 25, 2025 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 – 40
Slide 2: Earnings Presentation – Q4 2024
RAIN INDUSTRIES LIMITED Earnings Presentation – Q4 2024 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: Key Highlights – Q4 2024
Key Highlights – Q4 2024 • Revenue from Operations - ₹36.76 billion • Adjusted EBITDA - ₹3.90 billion • Adjusted Net Loss After Tax - ₹1.21 billion • Adjusted Loss per share - ₹3.60 • Capital expenditure and plant turnarounds of US$ 78 million for year ended December 31, 2024 • Liquidity of US$ 428
Slide 5: Aluminium Market Update
Aluminium Market Update Primary Aluminium Production Growth in Thousand Tonnes Not to Scale 28,754 29,103 29,635 30,941 40,145 41,584 42,762 42,928 2022 2023 China ROW 2024 (F) 2025 (F) LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) 2 4 NVENTORY (Million MT) LME QUOTE (000 US$
Slide 6: Price Trend of Key Products and European Natural Gas
Price Trend of Key Products and European Natural Gas 1,473 1,338 Not to Scale 1,239 1,135 1,026 984 972 996 899 864 851 803 791 706 709 663 Substantial fall in Benzene 675 700 635 625 612 626 592 552 prices over the year 700 647 529 568 455 498 480 460 415 420 445 450 Mar-22 Jun-22 Sep-22 Dec-22 Mar
Slide 7: Revenue by End Industry – CY 2024
Revenue by End Industry – CY 2024 Markets We Serve Petroleum Rubber TiO2 2% Energy 3% 2% Coatings 3% 3% Others 16% Wood preservation 6% Specialty chemicals 3% Aluminium Automotive Carbon black 9% Graphite 3% Chemicals and Advanced Graphite Materials Aluminium Construction 42% 8% Aluminium continued
Slide 8: Consolidated Revenue and EBITDA Q4-2024
Consolidated Revenue and EBITDA Q4-2024 (₹ in Billions) ₹ 40.79 ₹ 0.52 ₹ 36.49 -₹ 3.20 -₹ 1.62 ₹ 0.90 ₹ 3.90 ₹ 0.88 -₹ 0.66 ₹ 2.78 Q4 CY23 Carbon Advanced Cement Q4 CY24 Q4 CY23 Carbon Advanced Cement Q4 CY24 Materials Materials Revenue (excluding other operating income) Adjusted EBITDA Note: Charts
Slide 9: Carbon: Revenue and EBITDA
Carbon: Revenue and EBITDA Q4 CY24 Q4 CY23 Q4 2024 Vs Q4 2023 CY24 CY23 • Revenue decrease driven by 132.97 17.57 o Reduced average realisations across all major products due to 2,398 declining market quotations 2,315 106.57 o Offset by higher volumes from calcination business in India 12.33 pursuan
Slide 10: Advanced Materials: Revenue and EBITDA
Advanced Materials: Revenue and EBITDA Q4 CY24 Q4 CY23 CY24 CY23 Q4 2024 Vs Q4 2023 2.57 290 • Revenue increase driven by 33.79 o Increase in volumes driven by 254 32.32 higher throughput of Chemical intermediates 1.51 o Offset by Lower average prices due to fall in commodity prices • EBITDA increas
Slide 11: Cement: Revenue and EBITDA
Cement: Revenue and EBITDA Q4 CY24 Q4 CY23 3,238 CY24 CY23 Q4 2024 Vs Q4 2023 15.23 • Revenue decrease driven by 2,854 o Fall in realisations 12.31 o Lower volumes due to market consolidation 1.06 • EBITDA declined due to o Lower realisations o Marginal increase in operating costs 0.54 896 4.26 633
Slide 12: Debt Summary
Debt Summary US$ in Millions Dec 2024 Dec 2023 Cash Inflows / Outflows during CY 2024 USD-denominated Senior Secured Notes 44 50 • Operating cash flows includes net working capital (due in April 2025) release of ₹8.15 billion (compared to inflows USD-denominated Senior Secured Notes of ₹16.52 billio
Slide 13: Outlook
Outlook • Carbon volumes to improve: Carbon segment volumes are expected to improve further during 2025 due to increased capacity utilizations in our Indian calcination facilities and reintegration of CPC blending strategy • Raw material availability: Due to changing market dynamics resulting increm
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 Q4 2024 Q4 2023 CY 2024 CY 2023 Net Revenue 36,486 40,788 152,673 180,518 Other Operating Income 272 218 1,071 897 Revenue from Operations 36,758 41,006 153,744 181,415 Reported EBITDA 4,316 1,678 14,539 17,374 Adjusted E
Slide 17: Reconciliation of EBITDA and PAT
Reconciliation of EBITDA and PAT ₹ in Millions Particulars Q4 2024 CY 2024 EBITDA PAT EBITDA PAT A. Reported 4,316 (1,614) 14,539 (5,643) B. Adjustments/Exceptional items: • Expenses towards non-recurring items 194 194 642 642 • Non-cash impairment charge of Capital projects - 731 - 731 • Proceeds f
Slide 18: 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, 0.4 million tonnes p.a. advanced