Rain Industries Limited · NSE:RAIN
Rain Industries — Q1 2022 Earnings Presentation
16 slides from Rain Industries's earnings presentation, May 4, 2022
Slide 1: Rain Industries Limited - Earnings Presentation Filing Letter
R IL RAIN INDUSTRIES LIMITED RIL/SEs/2022 May 4, 2022 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-400 0
Slide 2: Earnings Presentation – Q1 CY22
RAIN INDUSTRIES LIMITED Earnings Presentation – Q1 CY22 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: First-Quarter Results
First-Quarter Results Financial Highlights • Revenue from Operations was ₹ 44.37 billion and Adjusted EBITDA was ₹ 8.35 billion • Adjusted Net Profit After Tax was ₹ 3.04 billion and Adjusted Earnings Per Share was ₹ 9.05 • Capex of US$ 18 million for Q1 2022, of which ~ US$ 2.1 million relates to e
Slide 5: Aluminium: Production, Price and Inventory Levels
Aluminium: Production, Price and Inventory Levels Primary Aluminium Production Growth in Thousand Metric Tonnes LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) Not to Scale 1.95 2.9 1.75 2.7 2.5 1.55 2.3 1.35 2.1 1.15 1.9 1.7 0.95 1.5 0.75 1.3 LME Quote Inventory • Aluminium 3-
Slide 6: Growing Demand, Increasing Realisations and Costs
Growing Demand, Increasing Realisations and Costs Carbon Volumes (000 Metric Tons) and Price ($/MT) Advanced Materials Volumes (000 Metric Tons) and Price ($/MT) 400 $936 1,000 $1,807 $860 65 $1,613 1,800 350 $815 900 $1,548 $1,485 1,650 $1,427 $1,466 $728 800 55 1,500 300 $648 $652 $1,238 $1,229 1,
Slide 7: Increased Margin Driven by Price Lag and Strong Demand
Increased Margin Driven by Price Lag and Strong Demand (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q1 CY22 • Carbon segment revenue significantly improved, supported by strong market quotations offset by lower volumes due to raw material availability • Ad
Slide 8: Carbon: Significant Increase in Revenue Driven by Pricing
Carbon: Significant Increase in Revenue Driven by Pricing (₹ in Billions) *Includes Energy Revenue Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q1 CY22 • CPC revenue increased primarily on account of higher prices due to increased raw material prices offset by e
Slide 9: Advanced Materials: Rebound Despite Higher Energy Costs
Advanced Materials: Rebound Despite Higher Energy Costs (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q1 CY22 • Revenue increase was primarily the result of higher prices and sale of HHCR products, backed by higher throughput and higher demand fro
Slide 10: Cement: Higher Revenues Driven by Volumes, Realisations
Cement: Higher Revenues Driven by Volumes, Realisations (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q1 CY22 • Revenue from Cement business increased by 15.3% due to a combination of higher volumes and an increase in price realisations • Adjusted
Slide 11: Debt Summary
Debt Summary US$ in Millions Mar 2022 Dec 2021 Cash Inflows / Outflows during Q1 2022 7.25% USD-denominated Senior Secured 539# 546 • Operating cash flows includes net working capital Notes (due in April 2025) outflows of ₹ 6.42 billion (compared to outflows of Euro-denominated Senior Secured Term ₹
Slide 12: Thank You
Thank You 11
Slide 13: Appendix
Appendix
Slide 14: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement ₹ in Millions Particulars Q1 2022 Q4 2021 Q1 2021 CY 2021 Net Revenue 44,093 39,660 29,900 143,697 Other Operating Income 273 601 182 1,571 Revenue from Operations 44,366 40,261 30,082 145,268 Reported EBITDA 7,986 5,468 6,237 25,291 Adjusted EBITDA 8,348 5,4
Slide 15: Reconciliation of EBITDA and PAT for Q1 2022
Reconciliation of EBITDA and PAT for Q1 2022 ₹ in Millions Particulars EBITDA PAT A. Reported 7,986 2,774 B. Adjustments: • Expenses towards strategic projects and other non-recurring items 356 356 • Repair and other costs incurred on account of hurricane 47 47 • Gain on repurchase of bonds (8) (8)
Slide 16: 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, 0.6 million tonnes p.a. advanced