Rain Industries Limited · NSE:RAIN
Rain Industries — Q3 CY18 Earnings Presentation
17 slides from Rain Industries's earnings presentation, Nov 14, 2018
Slide 1: Rain Industries Limited – Earnings Presentation Cover Letter
RAIN INDUSTRIES LIMITED RIL/SEs/2018 November 14, 2018 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 – Q3 CY18
RAIN INDUSTRIES LIMITED Earnings Presentation – Q3 CY18 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: Third Quarter Summary
Third Quarter Summary Financial Highlights • Revenue from Operations is ₹ 34.9 billion and Adjusted EBITDA is ₹ 5.6 billion • Adjusted Net Profit After Tax is ₹ 2.0 billion and Adjusted Earnings Per Share is ₹ 5.9 • Strong Cash of ₹ 7.3 billion to fund CAPEX projects and meet debt obligations in the
Slide 5: Market Update
Market Update Not to Scale In $/Mt In $/Barrel Primary Aluminium Production Growth in Thousand Tons 1,100 90 994.21 1,000 937.41 927.23 78.89 896.70 901.40 894.17 80 865.99 872.82 867.08 900 846.54 835.95 825.27 76.98 74.07 74.25 800 71.96 72.44 70 69.08 700 65.32 66.02 64.37 62.71 60 666.82 676.13
Slide 6: Update on Petcoke Import Ban in India
Update on Petcoke Import Ban in India • On July 26, 2018, Honorable Supreme Court (SC) of India had banned the use of petcoke as fuel and permitted use of petcoke only as a feedstock in cement, lime kiln, calcium carbide and gasification. • On August 17, 2018, Ministry of Commerce (DGFT) of India, a
Slide 7: Consolidated Performance – Q3 CY18
Consolidated Performance – Q3 CY18 (₹ in Billions) Revenue (excluding other operating income) Adjusted EBITDA Highlights in Q3 CY18 • Carbon segment affected due to petroleum coke import ban in India • Earnings impacted due to high-cost inventories procured in Q1 & Q2 consumed in current quarter • O
Slide 8: Carbon Business Performance – Q3 CY18
Carbon Business Performance – Q3 CY18 (₹ in Billions) *Includes Energy Revenue Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q3 CY18 • Carbon revenue increased due to the improved realisations including the favorable impact from depreciation of Indian Rup
Slide 9: Advanced Materials Business Performance – Q3 CY18
Advanced Materials Business Performance – Q3 CY18 (₹ in Billions) Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q3 CY18 • Improved realisations including appreciation of Euro against Indian Rupee, coupled with increase in volumes of petrochemical intermed
Slide 10: Cement Performance – Q3 CY18
Cement Performance – Q3 CY18 (₹ in Billions) Sales Volumes (tons in thousands) Revenue (excluding other operating income) Highlights in Q3 CY18 • Revenue from Cement business remained constant. Contribution from increase in sales volume by 6.1% offset by 5.6% decrease in realisation • Adjusted EBITD
Slide 11: Consolidated Debt Position
Consolidated Debt Position Highlights in Q3 CY18 US$ in Millions Sep.’18 Dec.’17 • Cash balance of $101 million and unutilised working Senior Secured Notes capital facilities of $ 144 million. - 8.25% USD Bonds (due in 2021) - 247 • Net working capital increased by $34 million partially - 8.50% Euro
Slide 12: RAIN – Key Business Strengths
RAIN – Key Business Strengths • Three business verticals (Carbon, Advanced Materials and Cement) • Global presence with 2.1 million tons p.a. calcination capacity, 1.0 million tons p.a. CPC blending capacity, 1.35 million tons p.a. coal tar distillation capacity, 0.65 million tons p.a. advanced mate
Slide 13: Appendix
Appendix
Slide 14: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars Q3 2018 Q2 CY18 Q3 2017 Net Revenue 34,712 37,706 30,378 Other Operating Income 210 327 130 Revenue from Operations 34,922 38,033 30,508 Adjusted EBITDA 5,615 6,852 6,738 Adjusted EBITDA Margin 16.1% 18.0% 22.1% Profit before share of prof
Slide 15: Summary of Statement of Operations
Summary of Statement of Operations ₹ in Millions Particulars 9M CY18 9M CY17 CY 2017 Net Revenue 105,328 82,675 113,919 Other Operating Income 688 348 552 Revenue from Operations 106,016 83,023 114,471 Adjusted EBITDA 19,088 15,830 22,702 Adjusted EBITDA Margin 18.0% 19.1% 19.8% Profit before share
Slide 16: Reconciliation of EBITDA and PAT for Q3 CY18
Reconciliation of EBITDA and PAT for Q3 CY18 ₹ in Millions Particulars EBITDA PAT A. Reported 5,299 1,748 B. Adjustments: • Reorganization costs on account of closing of certain 205 150 facilities in Europe. • On account of strategic project expenses at our European 173 126 operations. • Certain ins
Slide 17: Thank You
Thank You R’ iL