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) Mumbai - 400 001 Mumbai 400 051 Scrio Code: 500770 Svmbol: TATACHEM R e f : L e t t e r d a t e d J u ! v 2 7 . 2 0 1 7 i n f o r r n i n g a b o u t A n a i v S t s ' c a ‖ D e a r S i r / M a d a m , S u b : P r e s e n t a t i o n f o r 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 \\ \\ rS' t \-'- \L'),/-.- Ralivffindan ヽ General Counsel & Gompany Secretary Encl: As above T A T A C H E M i C A L S t t M I T E D B o r n b 8 y H c u s e 2 4 H o m l ヽ 4 ヽ i t i m b a 1 4 0 0 0 0 1 ソ S t r e e t F o 「 t o d 〔 a s ( o m T e l , l P , 6 6 6 5 3 2 3 2 F a x , 1 2 2 6 6 6 5 8 1 ■ 3 , ■ キ 、 t a t a c h e T I 4 い 1 , 3 , 。 L ｀ 1 2 4 2 3 , ヽ ' サ 〕 ( C 1 0 2 3

Analyst / Investors Communication on Financial results for the period Q1, June 2017 of FY2017-18 Dated: 9 th August 2017

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. 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 ” 2

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 3

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 30 th 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 30 th June 2017 was Rs. 1,031 Crs . 4

Key Highlights : Quarter ended 30 June, 2017 Consolidated Standalone Rs in Crore Q1 Q1 Q1 Q1 Var Var Jun18 Jun17 Jun18 Jun17 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% 5

Key Highlights : Quarter ended 30 June, 2017 Consolidated Standalone • TATA Chemicals North America maintains • India Chemicals: Continues its momentum steady production. However, performance despite lower sales vols. & higher input cost. impacted due to lower realisations. • Consumer business: Impacted due to lower • TATA Chemicals Europe performance hit due vols., partly offset by lower marketing spend. to lower vol. on account of fire incidence at • Phosphatic Fertiliser: Impacted by lower Lostock facility, partly offset by better sales sales vols., as Haldia facility was closed for vols. in salt and energy business. the entire quarter. • TATA Chemicals Magadi showing sign of • Urea Business: Maintained its performance improvement with better sales volumes with higher output. (PY Q1 FY17, witnessed • Rallis India continues its steady performance an ATR for 22 days). and better working capital management. • Outstanding Gross Subsidy receivable as at 30 th June 2017 was Rs 1,101 crs (Rs 1,684 Crs as on 31 st Mar 17). Final approval for the transfer of Babrala assets to Yara Fertiliser India Private Limited from NCLT is awaited 6

Results : Subsidiary wise Financials Quarter Ended June Rs Crs TCL India TCNA TCEHL TCAHL Rallis Consolidated Quarter CY PY CY PY CY PY CY PY CY PY CY PY ended June 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 • Revenues - Including Other Operating Income • PBT is after Exceptional Items 7 • PAT is after MI & Share in associate

Results : Debt position as on June 2017 10,000 679 8,000 Consolidated 22 1,686 Rs Crs 6,000 4,000 7,443 6,785 5,099 2,000 - Gross Debt Mar'17 Net Change Revaluation Gross Debt Cash & Cash Net Debts June'17 Equivalents 3,000 489 2,500 Rs Crs Standalone 5 1,031 2,000 1,500 2,411 1,000 1,917 500 886 - Gross Debt Mar'17 Net Change Revaluation Gross Debt Cash & Cash Net Debts June'17 Equivalents Gross Debt = Long Term Debt + Short Term Debt + Current Maturities 8

Volumes : Q1 – June 2017 for Key products Soda Ash volumes (In Kts.) Sodium Bicardonate volumes (In Kts.) 1,000 60 50 In Kts 40 In Kts 30 20 - Jun-17 Jun-16 Jun-17 Jun-16 10 Sales Production - TCNA 569 569 558 549 Jun-17 Jun-16 Jun-17 Jun-16 TCML 86 66 73 72 Sales Production TCEHL 106 122 76 86 Europe 26 23 23 21 India Chem India 174 181 201 205 24 24 25 24 Fertilizers volumes (In Kts) Branded Salt (In Kts) (including TATA Salt & i-shakti) 350 300 280 250 In Kts 200 260 150 100 In Kts 50 240 - Jun-17 Jun-16 Jun-17 Jun-16 220 Sales Production SSP 1 14 - 23 200 NPK 0 23 - 21 Jun-17 Jun-16 Jun-17 Jun-16 DAP 0 24 - 30 Sales Production Urea Branded Salt 331 218 325 243 225 252 258 266 9

LIVING INDUSTRY FARM Tata Salt reaches 143 million households World’s second largest producer of Serving 25,000+ villages of India’s annually with a market share of 65.6%* Soda Ash with ~70% of capacity being and supporting 7 Million farmers in natural soda ash farm prosperity. Tata Sampann provides everyday nourishing food to consumers (unpolished Suppliers to Global Glass and Detergent high protein Dals, low oil absorb Besan, Brands Spices) Nutritional Solutions provides Innovative range of prebiotics and healthier alternatives to regular sugar World’s 2 nd 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 * Source – Nielsen Panel FY 2017 10

General Information TATA Chemicals - Share Price movement (close) TCL- Market Capitalisation and Nifty 50 Index TCL - Market Cap Nifty 50 TCL (Closing) Mini Max Average 18,000 659 15,000 639 12,000 625 9,000 607 6,000 592 3,000 - Apr-17 May-17 May-17 May-17 May-17 May-17 Jun-17 Jun-17 Jun-17 Jun-17 Apr-17 May-17 May-17 May-17 May-17 May-17 Jun-17 Jun-17 Jun-17 Jun-17 TATA Chemicals - Shareholding pattern Exchange Rate (Average) Shareholding (in %) Mar-16 Mar-17 Jun-17 Date Rs / USD Rs / GBP Promoter & Promoter Group 30.9% 30.8% 30.8% 30-Jun-16 66.943 96.170 Public Shareholding 30-Sep-16 66.955 91.998 Institutions 47.6% 43.4% 42.9% 31-Dec-16 67.113 89.149 Non institution 21.5% 25.8% 26.3% 31-Mar-17 67.074 87.571 Total 100.0% 100.0% 100.0% 30-Jun-17 64.473 82.538 11

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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