Tata Chemicals Limited · NSE:TATACHEM
Tata Chemicals — Q3 FY23 Earnings Presentation
21 slides from Tata Chemicals's earnings presentation, Feb 1, 2023
Slide 1: Submission of Analysts/Investors Presentation
February 1, 2023 The General Manager The Manager, Listing Department Corporate Relations Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers Bandra (E) Dalal Street Mumbai 400 051 Mumbai 400 001 Symbol: TATACHEM Scrip Code: 5
Slide 2: Investors Communication Q3 FY23
Investors Communication ----------------------------- Quarter & Nine Months Ended December 2022 : Q3 FY23
Slide 3: “This Presentation, except for the historical information, may contain statements, including the words or
“This Presentation, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of thes
Slide 4: Financial Highlights
Financial Highlights Quarter & Nine Months Ended December 2022 : Q3 FY23
Slide 5: Q3 FY23 and 9M FY23 highlights
Q3 FY23 9M FY23 ▪ Higher revenue on account of better realizations and stable demand ▪ Input costs still elevated but stable ₹ 4,148 Cr (CY) vs ₹ 3,141Cr (PY) ₹ 12,382 Cr (CY) vs ₹ 9,141Cr (PY) ▪ EBITDA growth driven by higher realizations in all geographies ₹ 922 Cr (CY) vs. ₹ 546 Cr (PY) ₹ 2,857 C
Slide 6: Quarterly consolidated and standalone results
Consolidated | ₹ Crore Revenue EBITDA Profit Before Tax Profit After Tax 4,239 4,148 3,141 920 922 546 723 534 685 406 340 432 Q3 Dec 21 Q2 Sep 22 Q3 Dec 22 Q3 Dec 21 Q2 Sep 22 Q3 Dec 22 Q3 Dec 21 Q2 Sep 22 Q3 Dec 22 Q3 Dec 21 Q2 Sep 22 Q3 Dec 22 Revenue up by ₹ 1,007 Crore (↑32%) EBITDA up by ₹ 376
Slide 7: Nine-month consolidated and standalone results
Consolidated | ₹ Crore Revenue EBITDA Profit Before Tax Profit After Tax 12,382 9,141 2,857 1,648 2,054 1,758 1,154 930 YTD Dec 21 YTD Dec 22 YTD Dec 21 YTD Dec 22 YTD Dec 21 YTD Dec 22 YTD Dec 21 YTD Dec 22 Revenue up by ₹ 3,241 Crore (↑35%) EBITDA up by ₹ 1,209 Crore (↑73%) PBT up by ₹ 900 Crore (
Slide 8: Volumes: soda ash, sodium bicarbonate, salt
Soda Ash | In Kts Sodium Bicarbonate | in Kts Salt | in Kts India US - Domestic US - Export UK Kenya India UK India UK 886 857 898 2,728 2,639 59 58 53 170 169 383 387 408 1,192 1,214 73 73 69 243 226 63 89 84 75 267 248 71 69 206 196 28 24 81 82 30 320 289 313 990 878 294 303 333 925 966 266 272 29
Slide 9: Statement of Profit and Loss by geography
Statement of Profit and Loss for the quarter ended Dec 22 Units Consolidated TCL India US UK Kenya Rallis Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 Q3 Q2 Q3 Rs Cr Var Var Var Var Var Var FY22 FY23 FY23 FY22 FY23 FY23 FY22 FY23 FY23 FY22 FY23 FY23 FY22 FY23 FY23 FY22 FY23 FY23 Revenues 3,141 4,239
Slide 10: Revenue, EBITDA and PAT trends
Consolidated | ₹ Crore Standalone | ₹ Crore 4,50 0 3,995 4,239 4,148 1,40 0 1,225 1,185 1,218 4,00 0 3,481 1,115 2,977 3,023 3,141 1,20 0 931 841 847 3,50 0 3,00 0 2,636 1,00 0 828 800 Revenue 2,50 0 2,00 0 600 1,50 0 400 1,00 0 200 500 - - Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3F
Slide 11: Strategic priorities by business
• Deliver consistent market and customer delivery performance through customer engagement TCL • Deliver capacity expansions on schedule - Soda Ash, Bicarb & Salt expansion on stream by FY23 & FY24 • Continue focus on cost management • Extend Portfolio offerings: New product introductions, plug portf
Slide 12: Capacity expansion current status
Expansion - Ongoing Expansion - Planned Capacity Incremental Capacity Products (Lacs MT) H1 FY23 H2 FY23 H1 FY24 H2 FY24 Products (beyond Ongoing Expansion) Expansion Soda Ash 2.3 Soda Ash ~30% 0.45 1.85 Bicarb 0.7 Bicarb ~40% 0.70 Salt 3.3 3.30 Silica 5x Till December 22 Target Completion by Mar 24
Slide 13: ESG initiatives
ESG initiatives Priorities Focus Areas & Projects • External materiality study in progress ESG Focus Sustainable & Ethical Impacts • RC – Responsible Care Certification • BRSR Disclosures Climate • Energy Efficiency projects under implementation Absolute carbon emission reduction • Transition to ren
Slide 14: TCL receiving Most Preferred Workplace Award 2022-23
TCL receiving Most Preferred Workplace Award 2022-23 13
Slide 15: Tata Chemicals - Background
Tata Chemicals - Background Annexure
Slide 16: Company history and footprint
Till FY21 FY20 FY18 Onwards Divestment of Urea Completed and Phosphate Demerger of Focused Chemistry Solutions Fertiliser Business Consumer Products Company Business With 13 Supported by 3 R&D Footprint across 4 Employing ~5,000 Manufacturing centers with Continents people units 200 + Scientists 15
Slide 17: India operations and installed capacity
India India Rallis India Limited1 Major Soda ash, Bicarb, Salt, Marine chemicals Prebiotics Crop Care, Crop Protection and Seeds Products and Cement Specialty silica (herbicides, fungicides and insecticides, etc) Soda Ash: 1,091,000 MTPA Installed Prebiotic: 5,000 MTPA Bicarb: 150,000 MTPA Capacity
Slide 18: US, UK and Kenya operations
US UK Kenya Major Soda Ash, Bicarb, Soda Ash Soda Ash Products Salt Soda Ash: 400,000 MTPA Installed 2,540,000 MTPA Bicarb: 130,000 MTPA 350,000 MTPA Capacity* Salt: 430,000 MTPA Lostock & Winnington, Location Wyoming, US Middlewich, UK Magadi, Kenya * Includes capex investments underway 17
Slide 19: TCL Innovation Centre
TCL Innovation Centre ◊ 200+ Technically skilled Scientists in R&D ◊ 3 State-of-the-art innovation Centers ◊ Intellectual property |185 patents held; 114 Active Applications Rallis India R&D 18
Slide 20: Quarterly volumes by region
Domestic Domestic Exports India | In Kts US | In Kts 184 568 578 617 586 617 568 610 168 167 178 176 169 561 156 154 156 476 181 309 317 353 320 323 276 289 313 295 259 261 264 266 294 292 272 297 - - - - - - - - Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY21 FY21 FY22 FY22 FY22 FY22 FY2
Slide 21: Chemistry of Resilience
For any queries please contact below : Sriram Srinivasan ssriram@tatachemicals.com Damini Jhunjhunwala djhunjhunwala@tatachemicals.com Gavin Desa gavin@cdr-india.com Chemistry of Resilience Suraj Digawalekar suraj@cdr-india.com 20