Rain Industries Limited · NSE:RAIN
Rain Industries — Q3 CY20 Earnings Presentation
17 slides from Rain Industries's earnings presentation, Oct 30, 2020
Slide 1: Rain Industries Limited Earnings Presentation cover letter
R IL RAIN INDUSTRIES LIMITED RIL/SEs/2020 October 30, 2020 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 Dalai Street, Fort Bandra East Mumbai-400 001 Mumbai-
Slide 2: Earnings Presentation – Q3 CY20
RAIN INDUSTRIES LIMITED Earnings Presentation – Q3 CY20 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 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 First
Safety First • TRIR of 0.17 through September • Reinstituted strict measures that were in place during height of the pandemic in anticipation of second wave • Office employees working from home offices to reduce risk of contaminating critical operations and production personnel • COVID-19 refresher
Slide 5: Performance during September 2020 Quarter
Performance during September’2020 Quarter Financial Highlights • Revenue from Operations was ₹ 25.66 billion and Adjusted EBITDA was ₹ 5.17 billion • Adjusted Net Profit After Tax was ₹ 1.30 billion and Adjusted Earnings Per Share was ₹ 3.86 • Capital expenditure of US$ 122 million during the nine-m
Slide 6: Product and Market Update
Product and Market Update Carbon volumes (MT 000) and Revenue ($/MT) Advanced Materials Volumes (MT 000) and Revenue ($/MT) 40 1,580 1,648 1,482 1,600 1,411 1,386 450 35 702 687 670 750 1,400 400 629 1,015 1,138 350 592 650 30 1,200 300 472 472 900 888 1,000 466 550 25 803 250 349 348 450 923 956 91
Slide 7: Ongoing Capital Expansions
Ongoing Capital Expansions Hydrogenated Hydrocarbon Resins (HHCR) Plant, Germany • Ongoing customer testing and approval in process Vertical-Shaft Calcination Plant, India • Operations delayed due to on-going COVID-19 impact on construction workforce and progress • Company is working to ensure adequ
Slide 8: Consolidated Performance – Q3 CY20
Consolidated Performance – Q3 CY20 (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q3 CY20 • Carbon segment revenue and EBITDA declined due to lower volumes and realisations due to decline in commodity prices, sale to non-traditional market during prior quart
Slide 9: Carbon Business Performance – Q3 CY20
Carbon Business Performance – Q3 CY20 (₹ in Billions) *Includes Energy Revenue Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q3 CY20 • CPC revenue decreased primarily on account of price decreases due to lower demand across all regions • Pitch revenue de
Slide 10: Advanced Materials Business Performance – Q3 CY20
Advanced Materials Business Performance – Q3 CY20 (₹ in Billions) Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q3 CY20 • Revenue decrease primarily driven by lower prices due to fall in related commodity prices supplemented by the closure of our unprofi
Slide 11: Cement Performance – Q3 CY20
Cement Performance – Q3 CY20 (₹ in Billions) Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q3 CY20 • Revenue from Cement business increased by 20.8% due to higher realisations • Adjusted EBITDA increased by ₹569 million due to higher margins and lower co
Slide 12: Consolidated Debt Position
Consolidated Debt Position US$ in Millions Sept 2020 Dec 2019 Highlights in YTD September 2020 7.25% USD-denominated Senior Secured 550 550 • Capital expenditure of ₹8.99 billion (~US$ 122 Notes (due in April 2025) million) during YTD September 2020 includes Euro-denominated Senior Secured Term 458
Slide 13: Appendix
Appendix
Slide 14: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q3 2020 Q2 2020 Q3 2019 CY 2019 Net Revenue 25,518 23,427 29,775 122,873 Other Operating Income 143 181 147 734 Revenue from Operations 25,661 23,608 29,922 123,607 Adjusted EBITDA 5,165 4,344 4,719 17,427 Adjusted EBITDA Margin 20.1% 18.4
Slide 15: Reconciliation of EBITDA and PAT for Q3 CY20
Reconciliation of EBITDA and PAT for Q3 CY20 ₹ in Millions Q3 2020 YTD Sep 2020 Particulars EBITDA PAT EBITDA PAT A. Reported 5,009 1,181 13,233 2,512 B. Adjustments: • Inventory Adjustments due to extraordinary fall in commodity prices - - 1,350 1,091 • Reorganisation costs on account of closing of
Slide 16: 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, 0.7 million tonnes p.a. advanced
Slide 17: Thank You
Thank You R’ iL