Slide 1: Cover letter to stock exchanges
I Li RAIN INDUSTRIES LIMITED RIL/SEs/2020 May 28, 2020 The General Manager The Manager Department of Corporate Services Listing Department BSE Limited The National Stock Exchange of India Phiroze Jeejeebhoy Towers Limited Dalai Street, Fort Bandra Kurla Complex Mumbai-400 001 Bandra East Mumbai - 40
Slide 2: Earnings Presentation – Q1 CY20
RAIN INDUSTRIES LIMITED Earnings Presentation – Q1 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: COVID-19 Update – Health and Safety
COVID-19 Update – Health and Safety • Zero work-related COVID-19 cases • TRIR of 0.14 YTD April’ 2020 (for Carbon and Advanced Materials business segments) • Mandatory health screenings of all employees and contractors before entering company facilities • Frequent coronavirus communications with emp
Slide 5: COVID-19 Update – Operations
COVID-19 Update – Operations • Deemed an “essential business” in all locations, in Europe and North America; where “stay at home” orders have been implemented, the Company has secured requisite approvals from authorities to continue operations. • No production interruptions across global footprint e
Slide 6: Performance during March 2020 Quarter
Performance during March’2020 Quarter Financial Highlights • Revenue from Operations was ₹ 28.98 billion and Adjusted EBITDA was ₹ 5.58 billion • Adjusted Net Profit After Tax was ₹ 2.04 billion and Adjusted Earnings Per Share was ₹ 6.08 • Capex of US$ 60 million during the quarter ended March 31, 2
Slide 7: Market Update
Market Update Primary Aluminium Production Growth in Thousand Metric Tons LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) Not to Scale YoY increase by ~2.7% 1.60 2.00 Inventory 1.40 1.50 LME 1.20 1.00 1.00 0.50 0.80 - Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Inventory LME CPC
Slide 8: Ongoing Capital Expansions
Ongoing Capital Expansions Hydrogenated Hydrocarbon Resins (HHCR) Plant, HHCR Plant, Germany Germany • Commercial operations started May 18, 2020, and quality of resins produced is within expectations • Operations to be stabilised by Q4 2020 Vertical-Shaft Calcination Plant, India • Delayed operatio
Slide 9: Consolidated Performance – Q1 CY20
Consolidated Performance – Q1 CY20 (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q1 CY20 • Carbon segment EBITDA improved due to increased volumes despite lower realisations, coupled with lower raw material costs and reduced operating expenses • Advanced Ma
Slide 10: Carbon Business Performance – Q1 CY20
Carbon Business Performance – Q1 CY20 (₹ in Billions) *Includes Energy Revenue Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q1 CY20 • CPC revenue decreased primarily on account of price decreases due to changes in market conditions, partly off-set with
Slide 11: Advanced Materials Business Performance – Q1 CY20
Advanced Materials Business Performance – Q1 CY20 (₹ in Billions) Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q1 CY20 • Revenue decrease primarily driven by lower prices and volumes due to changes in market-indices and sluggish demand in construction,
Slide 12: Cement Performance – Q1 CY20
Cement Performance – Q1 CY20 (₹ in Billions) Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q1 CY20 • Revenue from Cement business decreased by 12.5% due to lower realisations and volumes • Adjusted EBITDA from Cement business in Q1 of 2020 decreased by ₹
Slide 13: Consolidated Debt Position
Consolidated Debt Position US$ in Millions Mar 2020 Dec 2019 Highlights in Q1 2020 7.25% USD-denominated Senior Secured • Capital expenditure of ₹4.36 billion (~US$60 550 550 million) during Q1 2020 includes ₹2.11 billion Notes (due in April 2025) (US$29 million) spent on two major projects – Euro-d
Slide 14: Appendix
Appendix
Slide 15: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q1 2020 Q4 2019 Q1 2019 CY 2019 Net Revenue 28,816 28,090 31,776 122,873 Other Operating Income 160 214 189 735 Revenue from Operations 28,976 28,304 31,965 123,608 Adjusted EBITDA (1) 5,579 4,535 3,664 17,427 Adjusted EBITDA Margin 19.3%
Slide 16: Reconciliation of EBITDA and PAT for Q1 CY20
Reconciliation of EBITDA and PAT for Q1 CY20 ₹ in Millions Particulars EBITDA PAT A. Reported 4,520 1,065 B. Adjustments: • Inventory Adjustments due to substantial fall in commodity prices 900 708 • Expenses towards strategic projects and other non-recurring items 159 132 • Accelerated depreciation
Slide 17: 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 18: Thank You
Thank You R’ iL