Analyst / Investors Communication on Financial results for the - - PowerPoint PPT Presentation

▶
analyst investors communication on financial results for
SMART_READER_LITE
LIVE PREVIEW

Analyst / Investors Communication on Financial results for the - - PowerPoint PPT Presentation

Mar 26, 2024 269 likes •444 views

Analyst / Investors Communication on Financial results for the period Q4 and 12 M onths ended 31 st M arch 2018 Dat ed: 18 t h M ay 2018 Safe Harbour Statement This Presentation, except for the historical information, may contain statements,

slide-1
SLIDE 1

Analyst / Investors Communication on Financial results for the period Q4 and 12 M onths ended 31st M arch 2018

Dat ed: 18 t h M ay 2018

slide-2
SLIDE 2

Safe Harbour Statement

2

“ This Presentation, except for the historical information, may contain statements, including the words

  • r

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

  • therwise 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. Tata Chemicals

Limited does not undertake any obligation to update or revise forward look statements, whether as a result of new information, future events or otherwise”

slide-3
SLIDE 3

Key Highlights - Continuing Operations

3

Q4 M ar 18 vs. Q4 M ar 17

Consolidated Revenue down by Rs 37 Cr to Rs 2,555 Cr (↓ 1 % as compared to Q4 FY2017)

Standalone Revenue down by Rs 21 Cr to Rs 918 Cr (↓ 2 % as compared to Q4 FY2017)

Consolidated Net Profit up by Rs 67 Cr to Rs 356 Cr (↑ 23 % as compared to Q4 FY2017)

Standalone Net profit up by Rs 69 Cr to Rs 175 Cr (↑ 65 % as compared to Q4 FY2017)

Consolidated Net Debt down from Rs 5,573 cr in M ar 17 to Rs 1,860 cr (↓ by Rs 3,713 Cr)

Exceptional Gain of Rs 1,279 Cr on account of sale of Urea and Customised Fertiliser

  • perations, which got consummated on 12th Jan 2018

Phosphatic Fertiliser Business classified as Discontinued Operations

slide-4
SLIDE 4

Key Highlights - Continuing Operations

4

YTD M ar 18 vs. YTD M ar 17

Consolidated Revenue down by Rs 336 Cr to Rs 10,345 Cr (↓ 3 % as compared to FY2017)

Standalone Revenue down by Rs 313 Cr to Rs 3,524 Cr (↓ 8 % as compared to FY2017)

Consolidated Net Profit up by Rs 439 Cr to Rs 1,560 Cr (↑ 39 % as compared to FY2017)

Standalone Net profit up by Rs 45 Cr to Rs 624 Cr (↑ 8 % as compared to FY2017)

On a Standalone basis, the Company is “ Net Debt Free”

The Board of Directors has recommended a dividend of Rs. 11 per share and a special dividend

  • f Rs. 11 per share to reflect the sale of the Fertiliser Business, aggregating to Rs. 22 per share

(subject to approved by Shareholders at AGM)

Phosphatic Fertiliser Business classified as Discontinued Operations

slide-5
SLIDE 5

Key Events and Outcomes

5

Highest ever Production & Sales

Sodium Bicarbonate (India) & Salt (India)

Launch of value added products

  • M edicarb (Branded pharma

grade Sodium Bicarbonate)

  • M ulti Grain Khichadi M ix
  • Variants in Spices

2nd Highest Production

Soda Ash (India)

Urea Transaction Completed

T

  • tal Consideration of Rs 2,628

Cr with pre tax profit on sale assets Rs 1,279 Cr

Exited Fertiliser Business

Signed BT A with IRC Agrochemicals for transfer of Phosphatic Fertiliser business for

  • Rs. 375 Cr

On a Standalone basis, as on 31st M arch 2018, your company is “Net Debt Free”

slide-6
SLIDE 6

Key Financials – Quarter ended 31st M arch 2018

6

* Above Financials are for Continuing Operations Only.

Revenue (Rs Cr) EBITDA (Rs Cr) & M argin (%) PAT (Rs Cr) & M argin (%) Consolidated Standalone

2,555 2,592

Q4 Mar 18 Q4 Mar 17

512 473 20% 18%

17% 18% 18% 19% 19% 20% 20% 21% 300 350 400 450 500 550 Q4 Mar 18 Q4 Mar 17

356 288 14% 11%

0% 5% 10% 15%

  • 100

200 300 400 Q4 Mar 18 Q4 Mar 17

918 939

Q4 Mar 18 Q4 Mar 17

257 162 28% 17%

0% 5% 10% 15% 20% 25% 30%

  • 50

100 150 200 250 300 Q4 Mar 18 Q4 Mar 17

175 106 19% 11%

0% 5% 10% 15% 20% 25%

  • 25

50 75 100 125 150 175 200 Q4 Mar 18 Q4 Mar 17

slide-7
SLIDE 7

Key Financials – Year ended 31st M arch 2018

7

Consolidated Standalone

“ Continue to focus on Basic Chemicals; grow Specialty Chemicals and Consumer Products Business”

Revenue (Rs Cr) EBITDA (Rs Cr) & M argin (%) PAT (Rs Cr) & M argin (%)

10,345 10,681 YTD Mar 18 YTD Mar 17 2,191 2,094 21% 20% 19% 19% 20% 20% 21% 21% 22% 1,800 1,900 2,000 2,100 2,200 YTD Mar 18 YTD Mar 17 1,560 1,121 15% 10% 0% 5% 10% 15% 20%

  • 500

1,000 1,500 2,000 YTD Mar 18 YTD Mar 17 3,524 3,837 YTD Mar 18 YTD Mar 17 922 858 26% 22% 20% 21% 22% 23% 24% 25% 26% 27% 820 840 860 880 900 920 940 YTD Mar 18 YTD Mar 17 624 579 18% 15% 13% 14% 15% 16% 17% 18% 550 575 600 625 650 YTD Mar 18 YTD Mar 17

slide-8
SLIDE 8

Key Financials – Business Highlights

  • T

AT A Chemicals North America (TCNA) continue to perform better

  • n

the back

  • f

improved production and sales volumes, along with better utilisation and efficiency.

  • One-off impacts at TCNA includes:

–

Actuarial gain on changes to Post Retiral Medical Plans

–

Repeal of AMT in recent UStax legislation changes

  • T

AT A Chemicals Europe (TCE) performance back on track after one off impact in Q1 i.e. Lostock fire incidence impacting overall profitability.

  • T

AT A Chemicals M agadi (TCM L) operation on track with higher sales volumes, better

  • perational

efficiency and sales realisation.

  • Rallis continues to delivers with higher volumes

despite aggressive market conditions. M etahelix performed better with higher volumes.

  • India Chemicals business continues to perform

with healthy margins due to improved operational efficiencies despite stiff completion and higher input price.

  • Tata Salt recorded highest ever production and

sales volumes. Other products impacted due to lower volumes.

  • Urea transaction consummated on 12th Jan 2018.

Profit of Rs. 1,279 Cr reported as exceptional item.

  • Phosphatic fertiliser businesses has been classified

as Discontinued operations.

  • Outstanding Gross Subsidy receivable as at 31st

M ar 18 at Rs 859 Cr vs. Rs 1,524 Cr as on 31st Dec 17)

8

Consolidated Standalone

slide-9
SLIDE 9

Key Financials – Balance Sheet

9

(Rs Cr) Consolidated Standalone 31-M ar-18 31-M ar-17 31-M ar-18 31-M ar-17 ASSETS Non - Current Assets 16,839 16,236 8,484 8,328 Current Assets Inventories 1,462 1,386 451 612 Trade Receivables 1,308 2,092 140 1,032 Cash and Cash Equivalent 3,946 1,451 3,303 1,097 Others Current Assets 1,225 906 710 197 Assets Classified as held for Sale 1,098 1,538 1,086 1,533 Total Assets 25,879 23,610 14,174 12,799 EQUITY AND LIABILITIES Equity & Reserves 11,102 7,908 11,324 8,855 Non - Controlling Interests 2,717 2,624

  • Non-Current Liabilities

Borrowings (L T) 5,394 4,361 681 1,088 Non-Current Liabilities 2,962 3,112 300 294 Current Liabilities Borrowings (ST) 140 721 1 523 Trade Payables 1,479 1,318 425 512 Others Current Liabilities 1,535 3,055 893 1,016 Liabilities associated with assets classified as held for Sale 550 511 550 511 Total Equities and Liabilities 25,879 23,610 14,174 12,799

slide-10
SLIDE 10

996 (44) 3,377 146 1,721 219 (44) 8,396 1,809 146

Key Financials – Segment Financials

10

Consolidated

Standalone Segment Revenue (Rs Cr) Segment Results (Rs Cr)

InorganicChemicals Agri Inputs Other business

Revenue Rs 10,345 Cr Revenue Rs 3,524 Cr PBT Rs 904 Cr

Revenue is after Unallocable & Inter segment revenue PBT = PBIT less Unallocated expenses / Income & Finance Cost

PBT Rs 1,571 Cr Inter segment revenue Rs. 7 Cr & Unallocated Rs. 1 Cr Unallocated Rs. 1 Cr

Finance Cost Rs. 326 Cr & Net Unallocated Exp./ (Income) Rs. 0.4 Cr Finance Cost Rs. 87 Cr & Net Unallocated Exp./ (Income) Rs. (38)Cr

slide-11
SLIDE 11

Subsidiary Financials

11

* Include SPV and after consolidation adjustments

  • PBT is before exceptional items & Share of profit of Joint Ventures
  • PAT is after M I & Share in associate

Quarter Ended M ar18 – Continuing Operations Quarter Ended M ar18 – Continuing Operations

Rs Cr India US UK Africa Rallis Consolidated* CY PY CY PY CY PY CY PY CY PY CY PY Revenues 918 939 819 785 368 409 136 106 371 367 2,555 2592 EBITDA 257 162 141 117 78 84 21 14 35 42 512 473 PBT 271 153 68 52 28 49 11 11 25 32 372 346 PAT 175 106 104 13 28 49 11 11 20 31 314 256 Rs Cr India US UK Africa Rallis Consolidated* CY PY CY PY CY PY CY PY CY PY CY PY Revenues 3,524 3,837 3,257 3,242 1,436 1,615 481 392 1,809 1,768 10,345 10,681 EBITDA 922 858 688 631 218 231 82 34 265 264 2,191 2,094 PBT 904 804 439 348 59 100 38 5 227 380 1,571 1,451 PAT 624 579 527 148 69 101 38 5 168 297 1,291 880

YTD M ar18 – Continuing Operations YTD M ar18 – Continuing Operations

slide-12
SLIDE 12

Debt position as on 31st M arch 2018

12

Standalone Consolidated

Gross Debt = Long Term Debt + Short Term Debt + Current Maturities

2,411 1,407 1,011 7 3,754 (2,347)

  • 4,000
  • 2,000
  • 2,000

4,000 6,000

Gross Debt M ar'17 Net Change Revaluation Gross Debt M ar'18 Cash & Cash Equivalents Net Cash

7,443 6,418 1,860 1,203 178 4,559

  • 2,000

4,000 6,000 8,000 10,000

Gross Debt M ar'17 Net Change Revaluation Gross Debt M ar'18 Cash & Cash Equivalents Net Debt

slide-13
SLIDE 13

Volumes : Q4 – M ar 2018 for Key products

13

M ar-18 M ar-17 M ar-18 M ar-17 Sales Production TCNA 589 544 578 509 TCML 85 76 87 67 TCEHL 78 113 88 96 TCL India 175 195 212 211

  • 200

400 600 800 1,000 In Kts

Soda Ash volumes (In Kts.)

M ar-18 M ar-17 M ar-18 M ar-17 Sales Production TCEHL 30 29 28 29 TCL India 25 27 27 26

  • 10

20 30 40 50 60 In Kts

Sodium Bicardonate volumes (In Kts.)

M ar-18 M ar-17 M ar-18 M ar-17 Sales Production SSP 28 29 20 24 NPK 52 47 42 36 DAP 30 60 27 43

  • 25

50 75 100 125 150 In Kts

Phosphatic Fertilizers volumes (In Kts)

M ar-18 M ar-17 M ar-18 M ar-17 Sales Production Branded Salt 270 255 284 271 270 255 284 271 200 220 240 260 280 300 In Kts

Branded Salt (In Kts)

(including TATA Salt & i-shakti)

slide-14
SLIDE 14

Volumes : YTD M arch 2018 for Key products

14

M ar-18 M ar-17 M ar-18 M ar-17 Sales Production TCNA 2,350 2,241 2,345 2,216 TCML 336 272 324 300 TCEHL 394 481 350 370 TCL India 693 708 817 816

  • 500

1,000 1,500 2,000 In Kts

Soda Ash volumes (In Kts.)

M ar-18 M ar-17 M ar-18 M ar-17 Sales Production TCEHL 113 105 107 105 TCL India 100 94 106 101

  • 50

100 150 200 250 In Kts

Sodium Bicardonate volumes (In Kts.)

M ar-18 M ar-17 M ar-18 M ar-17 Sales Production SSP 124 139 115 138 NPK 280 227 279 211 DAP 104 152 104 146

  • 200

400 600 800 In Kts

Phosphatic Fertilizers volumes (In Kts)

M ar-18 M ar-17 M ar-18 M ar-17 Sales Production Branded Salt 1,016 1,024 1,053 1,040 1,016 1,024 1,053 1,040 800 900 1,000 1,100 In Kts

Branded Salt (In Kts)

(including TATA Salt & i-shakti)

slide-15
SLIDE 15

General Information

15

TATA Chemicals - Share Price movement (close) TATA Chemicals - Share Price movement (close) TCL- M arket Capitalisation and Nifty 50 Index TCL- M arket Capitalisation and Nifty 50 Index TATA Chemicals Limited - Shareholding pattern TATA Chemicals Limited - Shareholding pattern Exchange Rate (Average) Exchange Rate (Average)

400 500 600 700 800 5,000 10,000 15,000 20,000

TCL - M arket Cap Nifty 50 52 weeks↑: 782 52 weeks↓: 583 Average: 667

Promoter & Promoter Group, 30.8% Institutions, 43.4% Non institution , 25.8% 67.074 64.473 64.390 64.494 64.455 87.571 82.538 83.378 84.206 85.508 M ar-17 Jun-17 Sep-17 Dec-17 M ar-18 USD GBP

slide-16
SLIDE 16