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 e n t ― L i s l n g C o m p L i s 」 e e j e e b h o y T o w e r s , ‖ o n a : S t o c k E x c h a n g e o f : n d i a L i m i t e d P h i r o z e T h e N a E x c h a n g e P l a z a , B a n d r a K u r l a C o m p l e x D a l a l S t r e e t , M u m b a i 4 0 0 0 0 1 B a n d r a ( E a s t ) , M u m b a i 4 0 0 0 5 1 T e L 2 6 5 9 8 2 3 6 T e 1 2 2 7 2 1 2 3 3 / 3 4 F a x : 2 2 7 2 1 9 1 9 F a x : 2 6 5 9 8 2 3 7 S v m b o L T A T A C H E M S c r l p C o d e i 5 0 0 7 7 0 D e a r S i r / M a d a m , 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 on 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 o r T a t a C h e m i c a l s L i m i t e d R 可 General Counsel & company Secretary Encl: As above T A T A C H E M I C A L S L I M n I D B o m b a ソ H o u 5 e 2 4 H o m i M o d y S t r e e t F o r t M u m b a i 4 0 1 1 0 0 1 T e 1 9 1 2 2 6 6 6 5 8 2 8 2 F a x 9 1 2 2 6 6 6 5 8 1 4 3 / 4 4 - t a t a c h e m i c a l s c o m C I N : L 2 4 2 3 9 M H 1 9 3 9 ' L C O D 2 8 9 3
Investors & Analyst Communication on Financial Results 3 months ended 3 0 June 2 0 1 8 Dat ed: 14 August 2018
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 ou are urged to view all statements contained herein with caution. T ata 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 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 30 th 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
Business Updates - Quarter Completed acquisition of Allied Silica Limited New Reporting Segment Basic Soda Ash, Sodium Bicarbonate, M arine Chemistry Chemicals, Caustic Soda, Cement & other Products bulk chemicals Consumer Salt, Pulses, Spice and other branded Products consumer products Nutritional Solutions, Advance M aterials, une 18, 2018: Completed the acquisition of precipitated J Specialty Traded seeds, pesticides and specialty crop silica business of Allied Silica Limited by way of a slump sale Products nutrients on a going concern basis for Rs 123 Cr. Products New Launch Variety of Chutneys Organic Dals New Improved Zero Sugar
Financials Highlights for the Quarter ended 30 J une 2018 Continuing Operations Only 540 20% 280 10% 19% 13% 520 270 18% Consolidated 500 260 11% 19% 16% 480 250 2,769 9% 9% 460 240 270 516 14% 440 230 478 7% 12% 237 2,527 420 220 400 10% 210 5% Q1 Jun 17 Q1 Jun 18 Q1 Jun 17 Q1 Jun 18 Q1 Jun 17 Q1 Jun 18 Revenue EBITDA PAT 300 27% 300 30% 26% 27% 26% 250 250 25% Standalone 26% 24% 200 200 20% 25% 18% 150 25% 150 15% 264 262 996 24% 209 100 100 10% 155 24% 50 50 5% 868 23% - 23% - 0% Q1 Jun 17 Q1 Jun 18 Q1 Jun 17 Q1 Jun 18 Q1 Jun 17 Q1 Jun 18 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
Reporting Segment (Revised) Continuing Operations Only Consolidated Revenue (Rs Cr) Standalone Revenue (Rs Cr) 740 678 1,941 1,878 438 330 584 438 468 330 7 11 Basic Chemistry Products Consumer Products Specialty Products Basic Chemistry Products Consumer Products Specialty Products Excludes Inter Segment Revenue of Rs 201 Cr (PY Rs. 153 Cr) & Excludes Inter Segment Revenue of Rs 198 Cr (PY Rs. 152 Cr) & Unallocated Revenue of Rs 6 Cr (PY Rs 4 Cr) Unallocated Revenue of Rs 4 Cr (PY Rs 4 Cr) Consolidated Results (Rs Cr) Standalone Results (Rs Cr) 283 275 203 173 82 52 82 67 52 56 (4) (5) Basic Chemistry Products Consumer Products Specialty Products Basic Chemistry Products Consumer Products Specialty Products Q1 J une 2017 Q1 J une 2018
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. Consolidated • 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 • India’s Basic Chemistry products business continues to perform in line with expectation, with better sales mix, improved sales realization and better plant efficiency. Standalone • 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)
Subsidiary Financials Quarter ended J une Units TCL India US UK Africa Rallis Consolidated* Rs Cr PY CY PY CY PY CY PY CY PY CY PY CY Revenue from 868 996 795 765 339 357 113 95 460 573 2,527 2,769 Operations 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 * Include SPV and after consolidation adjustments - PBT is before exceptional items & Share of profit of Joint Ventures - P AT (after NCI) for Equity Shareholders
Debt Position as on J une 2018 150 198 6,466 6,418 Consolidated 4,960 1,506 Gross Debt Net Change Revaluation Gross Debt Cash & Cash Net Debt M ar'17 June'18 Equivalents 3,996 1,407 308 42 Standalone 1,141 (2,855) Gross Debt Net Change Revaluation Gross Debt Cash & Cash Net Cash M ar'17 June'18 Equivalents
Quantitative data – Key Products Soda Ash volumes (In Kts.) Sodium Bicardonate volumes (In Kts.) 1,000 60 800 50 In Kts 600 40 400 In Kts 30 200 - 20 Jun-17 Jun-18 Jun-17 Jun-18 10 Sales Production - TCNA 569 536 558 523 Jun-17 Jun-18 Jun-17 Jun-18 TCML 86 55 73 53 Sales Production TCE 106 82 76 77 TCE 26 26 23 25 TCL India 174 169 201 203 TCL India 24 25 25 29 Branded Salt (In Kts) (including TATA Salt & i-shakti) 300 250 200 In Kts 150 288 271 258 225 100 50 - Jun-17 Jun-18 Jun-17 Jun-18 Sales Production Branded Salt 225 271 258 288
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