q T P T A T A August 8, 2017 The Manager, Listing Department - - PDF document

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q T P T A T A August 8, 2017 The Manager, Listing Department - - PDF document

q T P T A T A August 8, 2017 The Manager, Listing Department The Secretary, Listing Department The National Stock Exchange of lndia Ltd BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers Dalal Street Bandra-Kurla Complex Bandra (E)


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q T P

T A T A

The Manager, Listing Department The National Stock Exchange of lndia Ltd Exchange Plaza Bandra-Kurla Complex Bandra (E) Mumbai 400 051 Svmbol: TATACHEM August 8, 2017 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Scrio Code: 500770

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A n a : v s t s ' c a ‖ Further to our above referred letter, please find enclosed presentation for the Analysts' call scheduled on August 9,2017 .

A copy of the presentation is also uploaded on the Company's website

www.tatachemicals. com. This is for your information and records. Thanking you,

Yours faithfully,

For Tata Qhemicals Limited

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Ralivffindan

General Counsel & Gompany Secretary Encl: As above

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SLIDE 2

Analyst / Investors Communication on Financial results for the period Q1, June 2017 of FY2017-18

Dated: 9th August 2017

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Safe Harbour Statement

“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. You 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”

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Key Highlights

 Consolidated Revenues lower by Rs 647 Crs (↓ 20% as compared to Q1 FY2017)  Standalone Revenue lower by Rs 613 Crs (↓ 38 % as compared to Q1 FY2017)

  • Haldia plant was shut for entire quarter i.e. June 2017

 Consolidated Profit lower by Rs 28 Crs (↓ 14% as compared to Q1 FY2017)

  • In Q1 FY17, there was a one time gain on sales of land in Rallis Rs 30 Crs.

 Earnings per share (Consolidated) decreased to Rs 5.47 per share from Rs 7.76 per share

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Key Highlights

 Babrala Operations classified as Discontinued Operation  Consolidated Gross Debt ↓ to Rs. 6,789 Crs from Rs. 7,443 Crs  Consolidated Cash & Cash equivalent as on 30th June 2017 was Rs. 1,686 Crs.  Standalone Gross Debt ↓ to Rs 1,917 Crs from Rs. 2,411 Crs  Standalone Cash & Cash equivalent as on 30th June 2017 was Rs. 1,031 Crs.

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Key Highlights : Quarter ended 30 June, 2017

Rs in Crore Consolidated Standalone Q1 Jun18 Q1 Jun17 Var Q1 Jun18 Q1 Jun17 Var Revenue 2,649 3,296 ↓(647) 984 1,597 ↓(613) EBITDA 450 581 ↓(131) 183 292 ↓(109) EBITDA margin 17.0% 17.6% 18.6% 18.3% Profit Before Tax

  • Continuing Operations

266 373 ↓(107) 174 274 ↓(100)

  • Discontinued Operations

57 12 ↑45 57 12 ↑45 Profit After Tax

  • Continuing Operations

140 198 ↓ (58) 122 195 ↓(72)

  • Discontinued Operations

38 8 ↑ 30 38 8 ↑30 Profit After Tax (combined) 178 206 ↓ (28) 160 203 ↓ (42) PAT margin 5.5% 5.6% 10.4% 10.4%

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Key Highlights : Quarter ended 30 June, 2017

  • TATA Chemicals North America maintains

steady production. However, performance impacted due to lower realisations.

  • TATA Chemicals Europe performance hit due

to lower vol. on account of fire incidence at Lostock facility, partly offset by better sales

  • vols. in salt and energy business.
  • TATA Chemicals Magadi showing sign of

improvement with better sales volumes

  • Rallis India continues its steady performance

and better working capital management.

  • India Chemicals: Continues its momentum

despite lower sales vols. & higher input cost.

  • Consumer business: Impacted due to lower

vols., partly offset by lower marketing spend.

  • Phosphatic Fertiliser: Impacted by lower

sales vols., as Haldia facility was closed for the entire quarter.

  • Urea Business: Maintained its performance

with higher output. (PY Q1 FY17, witnessed an ATR for 22 days).

  • Outstanding Gross Subsidy receivable as at

30th June 2017 was Rs 1,101 crs (Rs 1,684 Crs as on 31st Mar 17).

Consolidated Standalone

Final approval for the transfer of Babrala assets to Yara Fertiliser India Private Limited from NCLT is awaited

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Results : Subsidiary wise Financials

  • Revenues - Including Other Operating Income
  • PBT is after Exceptional Items
  • PAT is after MI & Share in associate

Quarter Ended June

Rs Crs TCL India TCNA TCEHL TCAHL Rallis Consolidated Quarter ended June CY PY CY PY CY PY CY PY CY PY CY PY Revenues 984 1,597 795 822 337 413 172 145 464 468 2,649 3,296 EBITDA 183 292 149 161 22 42 25 11 70 77 450 581 PBT 174 274 70 85 (11) 8 12 3 61 62 266 373 PAT 122 195 27 42 (12) 7 11 3 45 16 139 198

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Results : Debt position as on June 2017

Consolidated Standalone

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

7,443 6,785 5,099 679 22 1,686

  • 2,000

4,000 6,000 8,000 10,000 Gross Debt Mar'17 Net Change Revaluation Gross Debt June'17 Cash & Cash Equivalents Net Debts Rs Crs 2,411 1,917 886 489 5 1,031

  • 500

1,000 1,500 2,000 2,500 3,000 Gross Debt Mar'17 Net Change Revaluation Gross Debt June'17 Cash & Cash Equivalents Net Debts Rs Crs 8

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Volumes : Q1 – June 2017 for Key products

Jun-17 Jun-16 Jun-17 Jun-16 Sales Production TCNA 569 569 558 549 TCML 86 66 73 72 TCEHL 106 122 76 86 India Chem 174 181 201 205

  • 1,000

In Kts

Soda Ash volumes (In Kts.)

Jun-17 Jun-16 Jun-17 Jun-16 Sales Production Europe 26 23 23 21 India 24 24 25 24

  • 10

20 30 40 50 60 In Kts

Sodium Bicardonate volumes (In Kts.)

Jun-17 Jun-16 Jun-17 Jun-16 Sales Production SSP 1 14

  • 23

NPK 23

  • 21

DAP 24

  • 30

Urea 331 218 325 243

  • 50

100 150 200 250 300 350 In Kts

Fertilizers volumes (In Kts)

Jun-17 Jun-16 Jun-17 Jun-16 Sales Production Branded Salt 225 252 258 266 200 220 240 260 280 In Kts

Branded Salt (In Kts)

(including TATA Salt & i-shakti)

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* Source – Nielsen Panel FY 2017

LIVING INDUSTRY FARM

Tata Salt reaches 143 million households annually with a market share of 65.6%* Tata Sampann provides everyday nourishing food to consumers (unpolished high protein Dals, low oil absorb Besan, Spices) Nutritional Solutions provides Innovative range of prebiotics and healthier alternatives to regular sugar World’s second largest producer of Soda Ash with ~70% of capacity being natural soda ash Suppliers to Global Glass and Detergent Brands Serving 25,000+ villages of India’s and supporting 7 Million farmers in farm prosperity.

World’s 2nd largest producer of Soda Ash, reach 143 Mn households annually through the Tata Salt brand and covers 25,000+ villages of India through our Agri business

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General Information

TATA Chemicals - Share Price movement (close) TCL- Market Capitalisation and Nifty 50 Index TATA Chemicals - Shareholding pattern

Shareholding (in %) Mar-16 Mar-17 Jun-17 Promoter & Promoter Group 30.9% 30.8% 30.8% Public Shareholding Institutions 47.6% 43.4% 42.9% Non institution 21.5% 25.8% 26.3% Total 100.0% 100.0% 100.0%

Exchange Rate (Average)

Date Rs / USD Rs / GBP 30-Jun-16 66.943 96.170 30-Sep-16 66.955 91.998 31-Dec-16 67.113 89.149 31-Mar-17 67.074 87.571 30-Jun-17 64.473 82.538

639 607 592 659 625 Apr-17 May-17 May-17 May-17 May-17 May-17 Jun-17 Jun-17 Jun-17 Jun-17 TCL (Closing) Mini Max Average

  • 3,000

6,000 9,000 12,000 15,000 18,000 Apr-17 May-17 May-17 May-17 May-17 May-17 Jun-17 Jun-17 Jun-17 Jun-17 TCL - Market Cap Nifty 50

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GST Impact on TATA Chemicals Limited

S No Major Products Rates under pre GST regime Rates under GST regime 1 Soda Ash and Sodium Bicarbonate 18.13% 18.00% 2 Common Salt (including iodized salt) Exempt Exempt 3 Rock salt, Black salt 5.5% 0% 4 Pulses (branded)

  • *

5.0% 5 Spices 5.0% 5.0% 6 Fertiliser business – Urea 6.05% 5.0% – Phosphatic 6.05% 5.0% Notes: 1. Chemicals business remains flat 2. Fertiliser Business impacted due to reduction of GST rate to 5% 3. Consumer portfolio 1. Salt : Exempt from GST 2. Branded Pulses and Spices remains flat

* Note: Few states in India had 0% - 5% tax rates for Pulses 12

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