T P T A T A A u g u s t 1 3 , 2 0 1 8 T h e M - - PDF document

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T P T A T A A u g u s t 1 3 , 2 0 1 8 T h e M - - PDF document

T P T A T A A u g u s t 1 3 , 2 0 1 8 T h e M a n a g e r B S E L i m i t e d n g a n c e D e p a r t m e n t C o r p o r a t e R e l a t l o n s D e p a r t m


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SLIDE 1
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A u g u s t 1 3 , 2 1 8 B S E L i m i t e d

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e i 5 7 7 D e a r S i r / M a d a m ,

General Counsel & company Secretary

Encl: As above

Sub: Presentation for Analvsts' Call Ref.: Letter dated Auqust 01. 2018 informino about Analvsts' Call

Further to our referred letter, please find enclosed presentation for the Analysts' Call scheduled

  • n August 14,2018.

A copy of the presentation is also uploaded on the Company's website www.tatachemicals.com. You are requested to take the same on record. Thanking you,

Yours faithfully,

F

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T a t a C h e m i c a l s L i m i t e d

T h e M a n a g e r

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SLIDE 2

Investors & Analyst Communication on Financial Results

3 months ended 3 0 June 2 0 1 8

Dat ed: 14 August 2018

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SLIDE 3

Safe Harbour Statement

“ 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 these expressions or negatives of these terms indicating future performance or results, financial or otherwise of Tata Chemicals Limited, its direct and indirect subsidiaries and its associates. Actual results might differ substantially or materially from those expressed or

  • implied. Important factors that could make a difference to the Company’s operations include,

among others, economic conditions affecting demand / supply, price conditions in the domestic and overseas markets in which the Company operates, changes in Government policies and regulations, tax laws, and other statutes and incidental factors. Y

  • u are urged to view all

statements contained herein with caution. T ata Chemicals Limited does not undertake any

  • bligation to update or revise forward look statements, whether as a result of new information,

future events or otherwise”

2

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SLIDE 4

Key Summary Highlights

Phosphatic Fertiliser business divestment completed on 1 June 2018 Consolidated Revenue higher by Rs 242 Cr (↑ 10%), Standalone higher by Rs 128 Cr (↑ 15%)

  • Basic Chemistry Products Segment Revenue up by Rs 63 Cr (↑ 3%)
  • Consumer Products Segment Revenue up by Rs. 108 Crs (↑ 33%)
  • Specialty Products Segment Revenue up by Rs. 116 Crs (↑ 25%)

Consolidated PAT from Continuing Operations up by Rs 33 Cr (↑ 14%) Standalone PAT from Continuing Operations up by Rs 109 Cr (↑ 70%) Cash & Cash equivalent as on 30th June 2018 : Consolidated Rs 4,960 Cr & Standalone Rs 3,996 Cr Consolidated Net Debt down from Rs 1,860 Cr to Rs 1,506 Cr (↓ Rs 354 Cr) On a Standalone basis, the Company continues to be Net Debt free

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SLIDE 5

Business Updates - Quarter

J une 18, 2018: Completed the acquisition of precipitated silica business of Allied Silica Limited by way of a slump sale

  • n a going concern basis for Rs 123 Cr.

Products New Launch

Variety of Chutneys Organic Dals New Improved Zero Sugar

New Reporting Segment

Basic Chemistry Products Consumer Products Specialty Products Soda Ash, Sodium Bicarbonate, M arine Chemicals, Caustic Soda, Cement & other bulk chemicals Salt, Pulses, Spice and other branded consumer products Nutritional Solutions, Advance M aterials, Traded seeds, pesticides and specialty crop nutrients

Completed acquisition of Allied Silica Limited

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SLIDE 6

Financials Highlights for the Quarter ended 30 J une 2018

Revenue EBITDA PAT

Consolidated Standalone

Note: Financials are for Continuing Operations only, Discontinued Operation reported a net loss if Rs (8) Cr (PY Profit of Rs 5 Cr) Consolidated PAT is before Non-controlling Interests

2,527 2,769 Q1 Jun 17 Q1 Jun 18 478 516 19% 19% 10% 12% 14% 16% 18% 20% 400 420 440 460 480 500 520 540 Q1 Jun 17 Q1 Jun 18 237 270 9% 10% 5% 7% 9% 11% 13% 210 220 230 240 250 260 270 280 Q1 Jun 17 Q1 Jun 18 868 996 Q1 Jun 17 Q1 Jun 18 209 262 24% 26% 23% 23% 24% 24% 25% 25% 26% 26% 27%

  • 50

100 150 200 250 300 Q1 Jun 17 Q1 Jun 18 155 264 18% 27% 0% 5% 10% 15% 20% 25% 30%

  • 50

100 150 200 250 300 Q1 Jun 17 Q1 Jun 18

Continuing Operations Only

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SLIDE 7

Reporting Segment (Revised)

Excludes Inter Segment Revenue of Rs 201 Cr (PY Rs. 153 Cr) & Unallocated Revenue of Rs 6 Cr (PY Rs 4 Cr) Excludes Inter Segment Revenue of Rs 198 Cr (PY Rs. 152 Cr) & Unallocated Revenue of Rs 4 Cr (PY Rs 4 Cr)

Q1 J une 2017 Q1 J une 2018

1,878 330 468 1,941 438 584

Basic Chemistry Products Consumer Products Specialty Products

Consolidated Revenue (Rs Cr) 678 330 7 740 438 11

Basic Chemistry Products Consumer Products Specialty Products

Standalone Revenue (Rs Cr) 283 52 56 275 82 67

Basic Chemistry Products Consumer Products Specialty Products

Consolidated Results (Rs Cr) 173 52 (4) 203 82 (5)

Basic Chemistry Products Consumer Products Specialty Products

Standalone Results (Rs Cr)

Continuing Operations Only

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SLIDE 8

Financials Highlights for Quarter ended 30 J une 2018

  • TCNA performance reflects the planned maintenance outage in June 2018, partly offset by lower

variable cost and improved sales realization.

  • TCE business performance remained flat, with focus on improving the plant reliability after last

year’s fire incidence at Lostock.

  • TCM L performance was impacted by heavy rains, causing floods in Lake M agadi and a planned

shutdown in April and M ay for regular maintenance.

  • Rallis India sales volumes were higher due to the normal monsoon in most parts of the country

Consolidated Standalone

  • India’s Basic Chemistry products business continues to perform in line with expectation, with

better sales mix, improved sales realization and better plant efficiency.

  • TATA Salt continues maintains its leadership position in branded salt segment, with higher

volumes and better sales realization. Consumer Products (ex-salt) continues its focus on improving supply chain, market reach and availability.

  • Our plan for new manufacturing facilities for Nutritional Solutions and HDSare on schedule.
  • Subsidy outstanding receivable was Rs 511 Cr as on 30 June 2018 (Rs. 859 Cr as on 31 M ar 18)
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SLIDE 9

Subsidiary Financials

Quarter ended J une

* Include SPV and after consolidation adjustments

  • PBT is before exceptional items & Share of profit of Joint Ventures
  • P

AT (after NCI) for Equity Shareholders

Units TCL India US UK Africa Rallis Consolidated* Rs Cr PY CY PY CY PY CY PY CY PY CY PY CY Revenue from Operations 868 996 795 765 339 357 113 95 460 573 2,527 2,769 EBITDA 209 262 149 132 22 45 20 (12) 70 83 478 516 PBT 221 368 70 52 (11) 5 8 (25) 61 76 295 373 PAT 155 264 27 21 (11) 5 8 (25) 45 55 173 214

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SLIDE 10

Debt Position as on J une 2018

6,418 6,466 1,506 150 198 4,960 Gross Debt M ar'17 Net Change Revaluation Gross Debt June'18 Cash & Cash Equivalents Net Debt 1,407 1,141 (2,855) 308 42 3,996 Gross Debt M ar'17 Net Change Revaluation Gross Debt June'18 Cash & Cash Equivalents Net Cash

Consolidated Standalone

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SLIDE 11

Quantitative data – Key Products

Jun-17 Jun-18 Jun-17 Jun-18 Sales Production TCNA 569 536 558 523 TCML 86 55 73 53 TCE 106 82 76 77 TCL India 174 169 201 203

  • 200

400 600 800 1,000 In Kts

Soda Ash volumes (In Kts.)

Jun-17 Jun-18 Jun-17 Jun-18 Sales Production TCE 26 26 23 25 TCL India 24 25 25 29

  • 10

20 30 40 50 60 In Kts

Sodium Bicardonate volumes (In Kts.)

Jun-17 Jun-18 Jun-17 Jun-18 Sales Production Branded Salt 225 271 258 288

225 271 258 288

  • 50

100 150 200 250 300 In Kts

Branded Salt (In Kts)

(including TATA Salt & i-shakti)

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SLIDE 12

General Information

31% 47% 22%

Promoter & Promoter Group Institutions Non institution

64.473 64.390 64.494 64.455 67.065 82.538 83.378 84.206 85.508 91.139 J un-17 Sep-17 Dec-17 M ar-18 J un-18 USD GBP 600 650 700 750 800 Apr-18 Apr-18 Apr-18 Apr-18 Apr-18 M ay-18 M ay-18 M ay-18 M ay-18 Jun-18 Jun-18 Jun-18 Jun-18

  • 5,000

10,000 15,000 20,000 25,000 Apr-18 Apr-18 Apr-18 Apr-18 Apr-18 M ay-18 M ay-18 M ay-18 M ay-18 Jun-18 Jun-18 Jun-18 Jun-18 TCL - M arket Cap Nifty 50

TCL Share Price (closing) – Rs/ share TCL M arket Capitalization vs. Nifty 50 (Rs Cr) Shareholding Pattern as on 30th J une 2018 Applicable Exchange Rate

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SLIDE 13