Rain Industries Limited · NSE:RAIN
Rain Industries — Q2 2025 Earnings Presentation
20 slides from Rain Industries's earnings presentation, Aug 6, 2025
Slide 1: Rain Industries Limited Earnings Presentation Cover Letter
RAIN INDUSTRIES LIMITED RIL/SEs/2025 August 6, 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 – 400 0
Slide 2: Earnings Presentation – Q2 2025
RAIN INDUSTRIES LIMITED Earnings Presentation – Q2 2025 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 – H1 2025
Safety Performance – H1 2025 0.26 0.17 0.16 0.13 0.03 2021 2022 2023 2024 H1 2025 TRIR Note: Total Recordable Incident Rate (“TRIR”) is reported as per OSHA guidelines. Until 2023 it was for only our Carbon & Advanced Materials segments. Starting from 2024, all three segments are reported as per OSH
Slide 5: Key Highlights – Q2 2025
Key Highlights – Q2 2025 • Revenue from Operations - ₹44.01 billion (17% ▲ Vs Q1 25; 8% ▲ Vs Q2 24) • Adjusted EBITDA - ₹6.17 billion (42% ▲ Vs Q1 25; 26% ▲ Vs Q2 24) • Adjusted Net Profit After Tax - ₹0.50 billion • Adjusted Earnings per share - ₹1.47 • Total Capex of US$ 28 million for the six mon
Slide 6: Performance by Segment – Q2 2025 Vs Q1 2025
Performance by Segment – Q2 2025 Vs Q1 2025 Carbon Advanced Materials Cement Performance: Performance: Performance: o Sales volumes: 664 MT o Sales volumes: 70 MT o Sales volumes: 699 MT (11% ▲ Vs Q1 25) (17% ▲ Vs Q1 25) (0.1% ▲ Vs Q1 25) o Revenue: ₹ 31.9 billion o Revenue: ₹ 8.2 billion o Revenue:
Slide 7: R&D and Strategic Development Initiatives
R&D and Strategic Development Initiatives • Conducting advanced research and testing of next-generation energy storage technologies at our North America demonstration facility • Ongoing development and refinement of our proprietary NOVARES® products to meet evolving market demands • Expanding the us
Slide 8: Aluminium Market Update
Aluminium Market Update Primary Aluminium Production Growth in Thousand Tonnes Not to Scale 29,103 29,636 30,409 31,639 41,584 43,109 43,429 43,656 2023 2024 2025 (F) 2026 (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 9: Price Trend of Key Products and Natural Gas
Price Trend of Key Products and Natural Gas 1,338 Not to Scale 1,239 984 1,026 972 899 916 864 851 791 Benzene prices at 706 709 704 675 700 635 663 625 612 Dec’22 level 626 552 610 559 592 529 568 498 480 Fuel Oil at level of 445 455 450 460 440 415 420 435 24-month low Sep-22 Dec-22 Mar-23 Jun-23
Slide 10: Consolidated Revenue and EBITDA Q2 2025
Consolidated Revenue and EBITDA Q2 2025 (₹ in Billions) ₹ 3.96 ₹ 0.05 ₹ 43.35 ₹ 40.56 -₹ 1.22 ₹ 1.34 ₹ 0.21 ₹ 6.17 -₹ 0.28 ₹ 4.90 Q2 CY24 Carbon Advanced Cement Q2 CY25 Q2 CY24 Carbon Advanced Cement Q2 CY25 Materials Materials Revenue (excluding other operating income) Adjusted EBITDA Note: Charts
Slide 11: Carbon: Revenue and EBITDA
Carbon: Revenue and EBITDA Q2 CY25 Q2 CY24 Q2 2025 vs Q2 2024 664 31.91 5.15 • Revenue increase driven by o Higher CPC volumes and prices offset with lower volumes in distillation products 3.81 615 27.95 • EBITDA increase driven by o Increase in margins from CPC due to reset of prices o Offset by lo
Slide 12: Advanced Materials: Revenue and EBITDA
Advanced Materials: Revenue and EBITDA Q2 CY25 Q2 CY24 1.05 79 Q2 2025 vs Q2 2024 9.40 • Revenue decrease driven by o Lower volumes from engineered 0.77 products due to unfavorable weather conditions 70 8.18 o Partially offset by appreciation of Euro against Indian Rupee. • EBITDA decreased due to o
Slide 13: Cement: Revenue and EBITDA
Cement: Revenue and EBITDA Q2 CY25 Q2 CY24 Q2 2025 vs Q2 2024 • Revenue increase driven by 751 o Higher realisations 699 3.26 3.21 o Lower volumes due to market consolidation by National players • EBITDA increased due to o Higher realisations coupled with lower operating costs 0.25 0.04 Volumes (MT
Slide 14: Debt Summary
Debt Summary US$ in Millions Jun. 2025 Dec. 2024 Cash Inflows / Outflows during H1 2025 Euro-denominated Senior Secured Term • Net operating cash outflows includes net working 365 323 Loan (due by October 2028) # capital increase of ₹11.95 billion (compared to inflows of ₹1.43 billion for half year
Slide 15: Business Outlook
Business Outlook • Carbon Raw-material Constraints: Though we are seeing positive movement in the segment, availability of raw material remains a challenge. We are working on alternative sources of raw- materials to increase capacity utilization • Tariff Impacts: As of today, we do not see any mater
Slide 16: Thank You
Thank You RIO
Slide 17: Appendix
Appendix
Slide 18: Summary of Consolidated Statement of Profit and Loss
Summary of Consolidated Statement of Profit and Loss ₹ in Millions Particulars Q2 2025 Q1 2025 Q2 2024 CY 2024 Net Revenue 43,354 37,461 40,558 152,673 Other Operating Income 660 219 384 1,071 Revenue from Operations 44,014 37,680 40,942 153,744 Reported EBITDA 6,314 3,834 4,011 14,539 Adjusted EBIT
Slide 19: Reconciliation of Adjusted EBITDA and PAT
Reconciliation of Adjusted EBITDA and PAT ₹ in Millions Particulars Q2 2025 EBITDA PAT A. Reported 6,314 607 B. Adjustments/Exceptional items: • Insurance claims related to prior periods (430) (430) • Expenses towards non-recurring items 167 167 • Foreign exchange loss/(gain) on inter-company debt n
Slide 20: 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.