Rain Industries Limited · NSE:RAIN
Rain Industries — Q4 CY19 Earnings Presentation
17 slides from Rain Industries's earnings presentation, Feb 28, 2020
Slide 1: Rain Industries Limited filing cover letter
RAIN INDUSTRIES LIMITED RIL/SEs/2020 February 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-400
Slide 2: Earnings Presentation – Q4 CY19
RAIN INDUSTRIES LIMITED Earnings Presentation – Q4 CY19 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: Fourth-Quarter Summary
Fourth-Quarter Summary Financial Highlights • Revenue from Operations was ₹28.30 billion and Adjusted EBITDA was ₹4.54 billion • Adjusted Net Profit After Tax was ₹1.33 billion and Adjusted Earnings Per Share was ₹3.94 • Capex of $170 million for the year ended Dec. 31, 2019 Business Highlights • Re
Slide 5: Market Update
Market Update Primary Aluminium Production in Thousand Metric Tonnes LME AL Inventory (Million MT) vis-à-vis LME AL Quote (000 US$ per MT) Not to Scale 6.0 2.5 2.4 5.0 2.3 2.2 4.0 2.1 Inventory 2.0 LME 3.0 1.9 1.8 2.0 (0.57%) 1.7 1.6 1.0 1.5 1.4 0.0 1.3 Dec-14 Jun-15 Sep-15 Dec-15 Jun-16 Sep-16 Dec-
Slide 6: Update on Pet Coke Import Restrictions in India
Update on Pet Coke Import Restrictions in India • During Q1 2020, RAIN was allocated additional GPC of 103,852 tonnes from volumes surrendered by other calciners, increasing RAIN’s allocation to 657,426 tonnes for the period April 2019 to March 2020. • RAIN strategically reworking its supply chain t
Slide 7: Ongoing Capital Expansions
Ongoing Capital Expansions Hydrogenated Hydrocarbon Resins (HHCR) Plant, Germany HHCR Facility • Commercial operation is expected to start during Q2 2020 • New facility will have the flexibility to produce customised products, as per end-user specifications Vertical-Shaft Calcination Plant, India •
Slide 8: Consolidated Performance – Q4 CY19
Consolidated Performance – Q4 CY19 (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q4 CY19 • Revenue for the Carbon segment impacted on account of average prices falling across all products. However, performance of the segment improved as we exhausted high-va
Slide 9: Carbon Business Performance – Q4 CY19
Carbon Business Performance – Q4 CY19 (₹ in Billions) *Includes Energy Revenue Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q4 CY19 • CPC revenue declined primarily on account of price decreases in North American and Asian markets. • Pitch revenue decre
Slide 10: Advanced Materials Business Performance – Q4 CY19
Advanced Materials Business Performance – Q4 CY19 (₹ in Billions) Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q4 CY19 • Revenue decreased due to decline in volumes, lower realisation and changes in foreign exchange rates. • Lower prices in engineered p
Slide 11: Cement Performance – Q4 CY19
Cement Performance – Q4 CY19 (₹ in Billions) Volumes (metric tons in Thousands) Revenue (excluding other operating income) Highlights in Q4 CY19 • Revenue from Cement business decreased 0.6% due to lower realisation offset by higher volumes. • Sales volumes increased across most markets except Andhr
Slide 12: Consolidated Debt Position
Consolidated Debt Position US$ in Millions Dec 2019 Dec 2018 Highlights in CY 2019 • Capital expenditure of ₹11.94 billion (~US $170 7.25% USD-denominated Senior Secured Notes (due in April 2025) 550 550 million) during CY 2019 includes ₹5.42 billion (US $77 million) spent on our two major projects
Slide 13: Appendix
Appendix
Slide 14: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q4 2019 Q4 2018 CY 2019 CY 2018 Net Revenue 28,090 34,280 122,873 139,608 Other Operating Income 214 161 735 882 Revenue from Operations 28,304 34,441 123,608 140,490 Adjusted EBITDA 4,535 2,498 17,427 21,411 Adjusted EBITDA Margin 16.0% 7
Slide 15: Reconciliation of EBITDA and PAT for Q4 CY19
Reconciliation of EBITDA and PAT for Q4 CY19 ₹ in Millions Particulars EBITDA PAT A. Reported 4,457 1,148 B. Adjustments: • Insurance claims related to prior periods (231) (179) • Income from sale of land in Hanau, Germany (156) (101) • Expenses towards strategic projects and other non-recurring 465
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