Slide 1: Cover letter to stock exchanges
RAIN INDUSTRIES LIMITED RIL/SEs/2023 February 27, 2023 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
Slide 2: Earnings Presentation – Q4 CY22
RAIN INDUSTRIES LIMITED Earnings Presentation – Q4 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: Fourth-Quarter and Year-End Results
Fourth-Quarter and Year-End Results Financial Highlights • Revenue from Operations was ₹ 54.57 billion and Adjusted EBITDA was ₹ 6.90 billion during the quarter • Adjusted Net Profit After Tax was ₹ 2.37 billion and Adjusted Earnings Per Share was ₹ 7.06 during Q4 • Capex was US$ 85 million for the
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 2.00 3.4 1.80 3.2 1.60 3.0 2.8 1.40 2.6 1.20 2.4 1.00 2.2 2.0 0.80 1.8 0.60 1.6 1.4 0.40 1.2 0.20 1.0 LME
Slide 6: Flattening Demand Amid High Energy Costs in Europe
Flattening Demand Amid High Energy Costs in Europe Carbon Volumes (000 Metric Tonne) and Price ($/MT) Advanced Materials Volumes (000 Metric Tonne) and Price ($/MT) 400 $1,270 $1,337 $1,340 1,400 $2,250 2,400 65 $2,013 2,200 350 1,200 55 $1,818 $1,863 2,000 300 $936 $1,709 $863 1,000 $1,633 1,800 $8
Slide 7: Segment Volumes Mixed, Higher Costs Driving Margins Back to Historical Norm
Segment Volumes Mixed, Higher Costs Driving Margins Back to Historical Norm (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q4 CY22 • Carbon segment revenue increase driven by market quotations, higher volumes on account of timing of shipments and increased r
Slide 8: Carbon: Significant Increase in Revenue Driven by Pricing
Carbon: Significant Increase in Revenue Driven by Pricing (₹ in Billions) *Includes Energy Revenue Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q4 CY22 • CPC revenue increased primarily on account of prices reaching peak levels, driven by increased raw material
Slide 9: Advanced Materials: Impacted by Lower Volumes and Continued High Energy Costs
Advanced Materials: Impacted by Lower Volumes and Continued High Energy Costs (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q4 CY22 • Decrease in volumes driven by lower production on account of maintenance shutdowns, closure of the aromatic chemi
Slide 10: Cement: Higher Revenues Driven by Increased Volumes
Cement: Higher Revenues Driven by Increased Volumes (₹ in Billions) Volumes (MT in thousands) Revenue (excluding other operating income) Highlights in Q4 CY22 • Revenue from Cement business increased by ~28% due to higher volumes • Adjusted EBITDA decreased by ₹ 95 million due to higher energy costs
Slide 11: Debt Summary
Debt Summary US$ in Millions Dec 2022 Dec 2021 Cash Inflows / Outflows during 2022 7.25% USD-denominated Senior Secured 530# 546 • Operating cash flows includes net working capital Notes (due in April 2025) outflows of ₹ 20.47 billion (compared to outflows of Euro-denominated Senior Secured Term ₹ 1
Slide 12: Thank You
Thank You RIO
Slide 13: Appendix
Appendix
Slide 14: Summary of Consolidated Income Statement
Summary of Consolidated Income Statement ₹ in Millions Particulars Q4 2022 Q4 2021 CY 2022 CY 2021 Net Revenue 54,112 39,660 209,063 143,697 Other Operating Income 456 601 1,048 1,571 Revenue from Operations 54,568 40,261 210,111 145,268 Reported EBITDA 6,629 5,468 36,381 25,291 Adjusted EBITDA 6,89
Slide 15: Reconciliation of EBITDA and PAT for Q4 2022
Reconciliation of EBITDA and PAT for Q4 2022 ₹ in Millions Particulars EBITDA PAT A. Reported 6,629 895 B. Adjustments: • Insurance claims received during the quarter related to prior periods and other (206) (206) operating income adjustments • Expenses towards strategic projects and other non-recur
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