TATACHEMNSE29 April 2022

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Tata Chemicals Limited

April 29, 2022

The General Manager Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai – 400 001 Scrip Code: 500770

Dear Sir / Madam,

The Manager Listing Department National Stock Exchange of India Limited Exchange Plaza Bandra-Kurla Complex, Bandra (E) Mumbai – 400 051 Symbol: TATACHEM

Sub: Submission of Analysts/Investors Presentation

Ref: Letter dated April 20, 2022 informing about Analysts/Investors Call

Further to our referred letter, please find enclosed the presentation to be made to Analysts/ Investors on the Audited Standalone and Consolidated financial results for the quarter and financial year ended March 31, 2022 during the Analysts/Investors call to be held on Saturday, April 30, 2022.

The presentation is being submitted in compliance with Regulation 30(6) read with Schedule III Part A Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

A copy of www.tatachemicals.com

the presentation

is also being uploaded on

the Company's website:

You are requested to take the same on record.

Thanking you,

Yours faithfully, For Tata Chemicals Limited

Rajiv Chandan General Counsel & Company Secretary

Encl.: as above

“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”

Till FY17

FY18

FY19

FY20

FY21

Divestment of Urea Business

Divestment of Phosphate Fertiliser Business

Investment approval for expansion of Mithapur operations

Completed Demerger of Consumer Products Business

Started to build 5,000 MT Prebiotic plant

Acquired Silica Plant for HDS

Focused Chemistry Solutions Company

Footprint across 4 Continents

Employing ~5,000 people

With 13 Manufacturing units

Supported by 3 R&D centers with 200 + Scientists

India

Major Products

Soda ash, Bicarb, Salt, Marine chemicals and Cement

Installed Capacity

Location

Soda Ash: 9,17,000 MTPA Bicarb: 105,500 MTPA Salt: 1,170,000 MTPA

Gujarat

India

Prebiotics Specialty silica

Rallis India Limited*

Crop Care, Crop Protection and Seeds (herbicides, fungicides and insecticides, etc)

Prebiotic: 5,000 MTPA Specialty silica:10,000 MTPA

Andhra Pradesh and Tamil Nadu

Maharashtra and Gujarat

Lote

Akola

Ankleshwar

Dahej

* TCL holds 50.06% Stake in Rallis India Limited

Major Products

Installed Capacity

Soda Ash

2,540,000 MTPA

Location

Wyoming, US

Soda Ash, Bicarb, Salt

Soda Ash: 400,000 MTPA Bicarb: 130,000 MTPA Salt: 430,000 MTPA

Lostock & Winnington, Middlewich, UK

Kenya

Soda Ash

350,000 MTPA

Magadi, Kenya

e r t n e C n o i t a v o n n

L C T

D & R a d n

s i l l

a R

 200+ Technically skilled Scientists in R&D

 3 State-of-the-art innovation Centers

 Intellectual property |177 patents held; 114 Active

Applications

Demand and Supply Update

TCL Soda Ash : Market Applications

 Demand growth remains strong across all applications

 Global soda ash supply remained tight with all plants

running at high operating rates

Others, 15%

Detergents, 17%

 Limited capacity addition expected in the near

medium term

Chemicals, 28%

Flat Glass, 17%

 Energy and other input costs continue to be elevated

 Realisations largely driven by market dynamics and input

costs

Excludes US exports as all US exports are sold to ANSAC

Container Glass, 22%

 Diversified end customer segment mix for TCL  Glass remains the largest segment in US and Kenya units  Detergents is the largest segment in India

₹ 3,481 Cr

₹ 657 Cr (19%)

₹ 470 Cr (14%)

↑ ₹ 844 Cr vs. Mar21

↑ ₹ 375 Cr vs Mar21

↑ ₹ 441 Cr vs Mar21

Soda Ash Volumes

Robust demand across product portfolio for all geographies

Q4 FY 22

Q4 FY 21

Consolidated Revenue grew by 32% vs PY and EBITDA grew by 133%

Salt Volumes

Standalone Revenue grew by 33% vs PY and EBITDA grew by 68%

Gross Debt as on Mar22 is ₹ 7,025 Cr

The Company proposed dividend of ₹ 12.5 per share (subject to approval of Shareholders at AGM)

Q4 FY 22

Q4 FY 21

Mar22

Mar21

Net Debt

937 Kts

886 Kts

417 Kts

396 Kts

4,233 Cr

3,827 Cr

Standalone | ₹ Crore

841

931

1,115

EBITDA

EBITDA margin

Profit Before Tax

PBT margins

Profit After Tax

PAT margins

240

220

200

180

160

140

120

100

20%

164

26%

244

25% 277

Q4 Mar21 Q3 Dec21 Q4 Mar22

Revenue up by ₹ 273 Crore (↑33%)

EBITDA up by ₹ 112 Crore (↑68%)

Consolidated | ₹ Crore

3,142

2,636

3,481

EBITDA

EBITDA margin

700

600

500

400

300

200

100

11%

283

17%

545

19%

657

30%

25%

20%

15%

10%

25%

20%

15%

10%

-5%

-10%

350

300

250

200

150

100

600

500

400

300

200

100

19%

158

23%

214

28%

315

Q4 Mar21 Q3 Dec21 Q4 Mar22

PBT up by ₹ 157 Crore (↑99%)

Profit Before Tax

PBT margins

13%

406

15%

513

30%

25%

20%

15%

10%

20%

15%

10%

-5%

-10%

240

220

200

180

160

140

120

100

800

700

600

500

400

300

200

100

14% 120

17%

156

24% 268

Q4 Mar21 Q3 Dec21 Q4 Mar22

PAT up by ₹ 149 Crore (↑124%)

Profit After Tax

PAT margins

1% 29

11%

340

14%

470

Q4 Mar21 Q3 Dec21 Q4 Mar22

Revenue up by ₹ 844 Crore (↑32%)

EBITDA up by ₹ 375 Crore (↑133%)

PBT up by ₹ 433 Crore (↑538%)

PAT up by ₹ 441 Crore (↑1507%)

Note: Change is vs PY quarter PBT & PAT includes Continuing operations, after Share in JV & associates & before NCI

30%

25%

20%

15%

10%

25%

20%

15%

10%

-5%

-10%

-15%

-20%

Standalone | ₹ Crore

2,999

3,721

FY2021

FY2022

Revenue up by ₹ 722 Crore (↑24%)

Consolidated | ₹ Crore

10,200

12,622

EBITDA

EBITDA margin

Profit Before Tax

PBT margins

Profit After Tax

PAT margins

1,000

900

800

700

600

500

400

300

200

100

2,500

2,000

1,500

1,000

500

20%

611

26%

951

FY2021

FY2022

EBITDA up by ₹ 340 Crore (↑56%)

EBITDA

EBITDA margin

15% 1,501

18% 2,305

30%

25%

20%

15%

10%

25%

20%

15%

10%

1,200

1,000

800

600

400

200

20%

614

27% 988

FY2021

FY2022

PBT up by ₹ 374 Crore (↑61%)

Profit Before Tax

PBT margin

1,800

1,600

1,400

1,200

1,000

800

600

400

200

6% 634

13%

1,667

30%

25%

20%

15%

10%

14%

12%

10%

900

800

700

600

500

400

300

200

100

1,600

1,400

1,200

1,000

800

600

400

200

16%

479

21%

787

FY2021

FY2022

PAT up by ₹ 307 Crore (↑64%)

Profit After Tax

PAT margins

436

11%

1,400

FY2021

FY2022

FY2021

FY2022

FY2021

FY2022

FY2021

FY2022

Revenue up by ₹ 2,422 Crore (↑24%)

EBITDA up by ₹ 804 Crore (↑54%)

PBT up by ₹ 1,033 Crore (↑163%%)

PAT up by ₹ 964 Crore (↑221%)

Note: PBT & PAT includes Continuing operations, after Share in JV & associates & before NCI

25%

20%

15%

10%

20%

10%

-10%

-20%

-30%

₹ Crore

Consolidated

Standalone

Q4 Mar21

Q3 Dec21

Q4 Mar22

Variance

Q4 Mar21

Q3 Dec21

Q4 Mar22

Variance

Basic Chemistry Products

2,111

2,448

2,902

s e u n e v e R t n e m g e S

Specialty Products

Less: Inter Segment Revenue

Unallocated Revenue

Total Segment Revenue

s Basic Chemistry Products

t n e m g e S

t l u s e R

Specialty Products

Segment Results

Unallocated Expenses / (Income)

Finance Costs

Profit after exceptional items, before share of profit of joint ventures and tax

520

(1)

679

(5)

564

(4)

2,630

3,122

3,462

2,636

3,142

3,481

167

(13)

155

(1)

345

385

312

516

(24)

492

(66)

489

Basic Chemistry Products includes Soda Ash, Bicarb , Salt , Marine Chemicals and Other products Speciality Includes Nutritional Solutions, Silica and Rallis India

790

(3)

832

844

349

(12)

337

(65)

(16)

418

792

841

185

(18)

167

869

919

931

237

(10)

227

158

214

1,046

254

1,103

1,115

267

(6)

261

(60)

315

263

273

(63)

157

Material

India

Kenya

Input Costs have gone up across units

s t u p n

I y g r e n E

Coal

Gas

Heavy Fuel Oil (HFO)

• Gas price spiked in Q4 and remains at

elevated levels

• Coal and freight costs remain high compared

Consolidated

Standalone

to historical trends

₹ Crore

Mar-21 Mar-22

Growth

Mar-21 Mar-22

Growth

Revenue from operations

2,636

3,481

841

1,115

• Carbon UK ETS prices up from GBP 25-30 per

Cost of Production1

1,409

1,853

475

660

MT in Mar21 to GBP 70 per MT in Mar22

Contribution

1,228

1,628

400

366

454

Contribution Margin

47%

43%

41%

1Cost of production includes the following heads under the SEBI financial statements (a) cost of raw materials (b) change in inventory ( c) purchase of stock in trade ( d) power & fuel (e ) freight and forwarding charges

Standalone | ₹ Crore

Consolidated | ₹ Crore

1,200

1,000

800

600

400

200

500

450

400

350

300

250

200

150

100

480

380

280

180

(20)

e u n e v e R

n i g r a M & A D T I B E

n i g r a M & T A P

628

717

812

841

828

847

1,115

931

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22

25%

156

16%

116

22%

20%

175

164

29%

239

23%

192

26%

244

25%

277

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22

17%

19%

14%

109

135

116

120

28%

228

16%

17%

135

156

24%

268

35%

30%

25%

20%

15%

10%

-5%

-10%

40%

30%

20%

10%

-10%

-20%

-30%

-40%

-50%

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

1,000

900

800

700

600

500

400

300

200

100

1,000

900

800

700

600

500

400

300

200

100

2,348

2,609

2,606

2,636

2,977

3,023

3,142

3,481

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22

15%

360

386

18%

472

11%

283

20%

601

17%

501

17%

545

19%

657

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22

132

201

11%

342

248

11%

340

14%

470

Q1 FY21 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22

25%

20%

15%

10%

-5%

-10%

-15%

-20%

25%

20%

15%

10%

-5%

-10%

Rs Cr

Non - Current Assets

Inventories

Investments

Trade Receivables

Cash and Cash Equivalents

Others Current Assets

Total Assets

Equity & Reserves

Non - Controlling Interests

Non-Current Liabilities

Borrowings (Non-Current) / Lease Liabilities

Borrowings (Current)

Trade Payables

Others Current Liabilities

Total Equities and Liabilities

Consolidated

Standalone

31-Mar-21

31-Mar-22

31-Mar-21

31-Mar-22

21,691

25,098

1,687

1,563

1,397

1,411

588

28,337

14,290

853

3,343

5,388

1,544

1,683

1,236

2,294

1,325

1,933

1,310

1,883

33,843

18,253

905

3,729

3,861

3,164

2,445

1,487

11,789

522

1,282

145

685

242

14,665

13,257

364

482

553

14,170

880

1,113

182

493

179

17,017

15,342

543

561

567

28,337

33,843

14,665

17,017

Soda Ash | In Kts

Sodium Bicarbonate | in Kts

Salt | in Kts

India

Kenya

India

886

68 67

937

904

75 70

71 82

972

70 85

566

615

544

611

184

176

207

206

396

417

365

418

302

325

299

325

Mar-21 Mar-22 Mar-21 Mar-22

Sales

Production

Sales

Production

Sales

Production

 US delivers robust sales

volumes on the back of

568

578

613

588

617

strong export demand.

Domestic

Exports

s t K n

I | a d n

s t K n

I | K U

159

151

118

184

168

167

188

176

156

- Q 4 F Y 2 0

- Q 1 F Y 2 1

- Q 2 F Y 2 1

- Q 3 F Y 2 1

- Q 4 F Y 2 1

- Q 1 F Y 2 2

- Q 2 F Y 2 2

- Q 3 F Y 2 2

- Q 4 F Y 2 2

Domestic

- Q 4 F Y 2 0

- Q 1 F Y 2 1

- Q 2 F Y 2 1

- Q 3 F Y 2 1

- Q 4 F Y 2 1

- Q 1 F Y 2 2

- Q 2 F Y 2 2

- Q 3 F Y 2 2

- Q 4 F Y 2 2

s t K n

I | S U

s t K n

I | a y n e K

553

257

295

475

197

278

181

295

389

139 250

309

317

353

320

259

261

260

268

323

294

Q 4 F Y 2 0

Q 1 F Y 2 1

Q 2 F Y 2 1

Q 3 F Y 2 1

Q 4 F Y 2 1

Q 1 F Y 2 2

Q 2 F Y 2 2

Q 3 F Y 2 2

Q 4 F Y 2 2

Domestic

Exports

37 15

39 16

Q 4 F Y 2 0

Q 1 F Y 2 1

Q 2 F Y 2 1

Q 3 F Y 2 1

Q 4 F Y 2 1

Q 1 F Y 2 2

Q 2 F Y 2 2

Q 3 F Y 2 2

Q 4 F Y 2 2

 India, UK and Kenya sales

volumes remained steady

Entities

Key Highlights

TCL India

→ Revenue for India business stood at ₹ 1,115 Cr (up 33%), EBIT was ₹ 218 Cr up (vs ₹ 112 Cr PY).

→ Robust performance delivered on the back of steady volumes and operational excellence and efficiencies

Rallis India Limited

→ Revenue at ₹ 507 Cr vs ₹ 471 Cr and EBIT stood at ₹ (20) Cr vs ₹ 5 Cr PY

→ Revenue growth coming from domestic and International business.

→ Margins impacted due to higher input cost and one-time charges of slow-moving inventory

Basic Chemistry Products includes Soda Ash, Bicarb , Salt , Marine Chemicals and Other products

Entities

Key Highlights

→ Revenue at ₹ 1,092 Cr (up by 35%) and EBIT was ₹ 195 Cr (vs. ₹ (19) Cr PY)

→ US volumes remain strong with growth in domestic and export market. Export prices back to pre covid levels. Gas prices

spiked during the quarter and remains at elevated levels.

→ Revenue at ₹ 576 Cr (up by 50%) and EBIT was ₹ 0 Cr (vs. ₹ (15) Cr PY).

→ UK soda ash volumes remains steady; Margins were impacted due to higher variable cost especially in carbon, gas and

other raw materials.

→ Revenue at ₹ 171 Cr (up by 49%) and EBIT was ₹ 53 Cr (vs. ₹ 12 Cr PY).

Kenya

→ Kenya operation maintained its steady performance with higher sales volume and higher export realisations.

→ Margins improved vs PY. Unit continues its focus to optimization cost and improve efficiencies.

Speciality Products Includes Nutritional Solutions, Silica and Rallis India

Statement of Profit and Loss for the quarter ended Mar22

Units

₹ Cr

Revenues

EBITDA

EBIT

PBT

PAT (before NCI)

PAT (after NCI)

TCL India

1,115

277

218

315

268

Var

273

112

107

157

149

841

164

112

158

120

807

1,092

(19)

(60)

(52)

275

195

171

174

Var

285

212

214

231

227

383

(15)

(28)

(44)

576

(12)

Var

192

115

Kenya

171

Var

471

Rallis

507

(0)

(20)

(16)

(14)

Var

(21)

(25)

(28)

(22)

Statement of Profit and Loss for the Year Ended Mar22

Units

₹ Cr

TCL India

Revenues

2,999

3,721

EBITDA EBIT2 PBT3 PAT (before NCI) PAT (after NCI)4

611

414

614

479

951

729

988

786

2,878

3,688

351

(170)

(130)

787

464

338

336

Var

810

436

438

509

466

1,409

1,949

138

(40)

(56)

118

(40)

(85)

Var

722

340

315

374

307

Var

540

(20)

(40)

(45)

(29)

413

Kenya

577

143

114

Rallis

2,424

2,602

325

261

303

229

276

201

222

164

Var

178

(49)

(60)

(81)

(64)

Var

164

Consolidated

2,636

3,481

283

657

452

513

470

463

Var

844

375

361

433

441

451

Consolidated1 CY

Var

10,200 12,622

2,422

1,501

741

634

436

256

2,305

1,499

1,667

1,400

1,253

804

757

1,033

964

996

Note: Above financials are for Continuing Operations; NCI : Non Controlling Interest 1 .Consolidated financials is after adjusting SPV & other adjustments , 2. EBIT excludes Other Income 3 .PBT is after exceptional items & Share in JV and PAT (before NCI) 4 .Rallis financials represent 100 % share. Consolidated numbers is after adjustment of Rallis India’s NCI.

TCL

Rallis

Kenya

• Deliver consistent market and customer delivery performance • Deliver capacity expansions on schedule - First phase of Soda Ash, Bicarb & Salt expansion on stream by FY23 • Continue focus on costs • Qualification with customers on Prebiotics & Silica

• Extend Portfolio offerings: New product introductions, plug portfolio gaps by leveraging Rallis multiple chemistry competencies • Strengthen Manufacturing: Invest for future across manufacturing, R&D and registrations • Widen Reach: Leverage Rallis brand power, deep rooted connect with farmers. Expand distribution reach

• Maximize plant output & Ensure customer demand is fully met • Complete ANSAC exit through own supply chain & sales network • Generate cash and repay debt

• Maximize volumes and ensure operating performance is in line with market dynamics • Operational efficiencies and cost structure rationalization • Manage energy & carbon cost pressures and continuous cost focus • Sustain volume delivery to customers • Continuous cost focus • Generate cash and deleverage

Invest and grow in India

Focus on cash generation across geographies

Deleverage international debt

ESG initiatives

Priorities

Focus Areas

Climate Change

Signed SBTi and taken absolute carbon emission reduction target

• Fuel Change, Energy efficiency, renewable energy &

CCU & usage.

Circular Economy

Water Neutrality, zero solid waste and recycle

• Water harvesting and conservation • Solid waste recycle & cement plant consumed waste

utilising waste material at Mithapur

Biodiversity

Preserve Natural Capital, conservation & restoration of biodiversity

• Mangroves plantation in and around Mithapur • Whale shark conservation • Water harvesting for farm lands

Carbon Capture Utilisation Unit in UK commissioned in current year and operating well.

Mock Drill at Cuddalore

Fire Fighting Training Mambattu

Safety communication to contractors Mithapur

TCML Mock Fire Drill

Employee Safety and Health

Products

Capacity (Lacs MT)

Current

Additional

Soda Ash

9.17

2.30

Bicarb

1.05

0.70

Salt

11.70

3.30

Phase I expansion (current)

Phase II expansion (planned)

H1 FY23

H2 FY23

H1 FY24

H2 FY24

Products

Incremental Capacity (after Phase I)

0.45

3.30

1.85

Soda Ash

~30%

0.70

Bicarb

~40%

Silica

Till March 22

Target Completion by Mar24

₹ 1,250 Cr spent / committed

To be spent ₹ 1,650 Cr

Project Cost ~ ₹ 2,900 Cr

~ Rs 2,000 Cr over 5 years

s u t a t S t n e r r u C

Tata Chemicals bagged the award in circular economy and carbon neutrality innovations category at the 15th edition of Quality Innovations Awards 2021.

CEAT Ltd. Confers Tata Chemicals with “Innovation Award” for HDS

Tata Chemicals along with TCPL, Tata Insights and Quants bagged Best Corporate Award at the 8th International Conference on Business Analytics and Intelligence (ICBAI) organized by the Operational Research Society of India Bangalore Chapter (ORSI-BC), Department of Management Studies-Indian Institute of Science (IISc) and Analytics Society, IIM Bangalore

For any queries please contact below :

Sridhar Radhakrishnan

rsridhar@tatachemicals.com

Sameer V Kulkarni

sakulkarni@tatachemicals.com

Gavin Desa

gavin@cdr-india.com

Suraj Digawalekar

suraj@cdr-india.com

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