Rain Industries Limited · NSE:RAIN
Rain Industries — Q4 2020 Earnings Presentation
17 slides from Rain Industries's earnings presentation, Feb 25, 2021
Slide 1: Rain Industries Limited earnings presentation cover letter
R IL RAIN INDUSTRIES LIMITED RIL/SEs/2021 February 25, 2021 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 – Q4 CY20
RAIN INDUSTRIES LIMITED Earnings Presentation – Q4 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: 2020 in Review
2020 in Review Safety • Finished the year with a company-best Total Recordable Incident Rate of 0.14 • 13 of our 15 sites complete one year without a recordable incident Operations • Despite challenging operating conditions related to COVID-19, no production facilities were shutdown (with the except
Slide 5: Performance during December 2020 Quarter
Performance during December 2020 Quarter Financial Highlights • Revenue from Operations was ₹ 26.40 billion and Adjusted EBITDA was ₹ 4.80 billion • Adjusted Net Profit After Tax was ₹ 1.16 billion and Adjusted Earnings Per Share was ₹ 3.44 • Capital expenditure of US$ 146 million for the year ended
Slide 6: Product and Market Update
Product and Market Update Carbon Volumes (MT 000) and Revenue ($/Tonne) Advanced Materials Volumes (MT 000) and Revenue ($/Tonne) 35 $1,580 $1,662 1,700 $1,482 450 $1,386 $1,308 1,550 $687 $670 750 $629 30 1,400 $592 650 $1,138 1,250 350 $599 $1,015 25 $900 $888 $1,036 1,100 $472 $472 550 950 250 $3
Slide 7: Ongoing Capital Expansions
Ongoing Capital Expansions Hydrogenated Hydrocarbon Resins (HHCR) Plant, Germany • Customer testing of new products continues; limited commercial sales executed in Q4 • Operations team continuing to manage issues unique to the plant's complex technology Vertical-Shaft Calcination Plant, India • Comm
Slide 8: Consolidated Performance – Q4 CY20
Consolidated Performance – Q4 CY20 (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q4 CY20 • Carbon segment revenue and EBITDA declined due to lower volumes of CPC, lost energy sales due to Hurricane Laura and lower volumes of pitch due to closure of smelter
Slide 9: Carbon Business Performance – Q4 CY20
Carbon Business Performance – Q4 CY20 (₹ in Billions) *Includes Energy Revenue Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q4 CY20 • CPC revenue decreased primarily on account of lost volumes due to Hurricane Laura • Pitch revenue decreased due to lowe
Slide 10: Advanced Materials Business Performance – Q4 CY20
Advanced Materials Business Performance – Q4 CY20 (₹ in Billions) Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q4 CY20 • Revenue decrease primarily driven by lower prices due to a decline in related commodity prices • Adjusted EBITDA increased by ₹367 m
Slide 11: Cement Performance – Q4 CY20
Cement Performance – Q4 CY20 (₹ in Billions) Volumes (metric tons in thousands) Revenue (excluding other operating income) Highlights in Q4 CY20 • Revenue from Cement business increased by 31.9% due to higher realisations • Adjusted EBITDA increased by ₹389 million due to higher realisations and low
Slide 12: Consolidated Debt Position
Consolidated Debt Position US$ in Millions Dec 2020 Dec 2019 Highlights CY 2020 7.25% USD-denominated Senior Secured • Capital expenditure of ₹10.81 billion (US$ 146 million) 550 550 Notes (due in April 2025) during CY 2020 includes ₹4.81 billion (US$ 65 Euro-denominated Senior Secured Term million)
Slide 13: Appendix
Appendix
Slide 14: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q4 2020 Q4 2019 CY 2020 CY 2019 Net Revenue 26,201 28,090 103,962 122,873 Other Operating Income 201 214 685 734 Revenue from Operations 26,402 28,304 104,647 123,607 EBITDA 7,775 4,457 21,008 15,968 Adjusted EBITDA 4,804 4,535 19,892 17,4
Slide 15: Reconciliation of EBITDA and PAT
Reconciliation of EBITDA and PAT ₹ in Millions Q4 2020 CY 2020 Particulars EBITDA PAT EBITDA PAT A. Reported 7,775 3,070 21,008 5,582 B. Adjustments: • Inventory Adjustments due to extraordinary fall in - - 1,350 1,350 commodity prices • Reorganisation costs on account of closing of certain - - (156
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