TATACHEMNSE9 August 2022

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Tata Chemicals Limited

^-\TI' TATA

August 9, 2022

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

Dear Sir/Madam,

The Manager, Listing DePartment National Stock Exchange of lndia Limited Exchange Plaza, Bandra-Kurla Complex Bandra (E) Mumbai 400 051 Svmbol: TATACHEM

Sub: Submission of Analvsts/lnvestors Presentation Ref. Letter dated Julv 29, 2022 providinq details of the Analvsts/lnvestors call

Furthertoourreferredletter,pleasefindenclosedapresentationtobemadeto on the Audited Standalone and Unaudited consolidated Financial Results toiifi" n"t quarter ended June 30, 2022 during the analysts/investors call to be held on "n"rv.i.li"r".i"rs Wednesday, August 10, 2022.

ThepresentationisbeingSubmittedincompliancewithRegulation30(6)readwithSchedule rii ilrt n para A of tnJ securities and Exchange Board of lndia (Listing obligations and Disclosure Requirements) Regulations, 2015' The presentation is also being made available on the Company's website at www.tatachemicals.com

You are requested to take the same on record'

Thanking you,

Yours faithfullY, For Tata Chemicals Limited

^M-

Yy' Cenerat counsel & Company Secretary

Encl: as above

IATA CHEMICALS LIMITED Bombay House 24 Homi Mody Street Fort Mumbai40O 00'l lel91 22 6(fi5 A2A2 Fax 91 22 ($65 A14/44 www tatachemicals com CIN : L24239MHl 939P1C002893

Investors Communication -----------------------------

Quarter Ended June 2022 : Q1 FY23

“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

India

Prebiotics Specialty silica

Rallis India Limited1

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

Installed Capacity

Location

Soda Ash: 917,700 MTPA Bicarb: 112,000 MTPA Salt: 1,196,250 MTPA

Gujarat

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

Andhra Pradesh and Tamil Nadu

Maharashtra and Gujarat

Lote

Akola

Ankleshwar

Dahej

1.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

I 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

Revenue

₹ 3,995 Cr

↑ ₹ 1017 Cr vs. Jun21

◊ Robust

soda ash demand continues across

all geographies and applications

EBITDA

₹ 1,015 Cr

◊ Input costs mainly energy continue to remain at

↑ ₹ 414 Cr vs Jun21

elevated levels

% EBITDA

25%

PAT

Volumes (000 MT) Soda Ash Bi Carb Salt

₹ 641 Cr

↑ ₹ 299 Cr vs Jun21

June-21

June-22

896 55 408

885 58 418

◊ Strong revenue, EBITDA growth amidst a favorable market environment and a challenging cost situation

◊ Consolidated Revenue grew by 34% vs PY &

EBITDA grew by 69%

◊ Part pre-payment of $ 30 mn debt during the

quarter

Consolidated | ₹ Crore

3,481

2,978

3,995

EBITDA

EBITDA margin

Profit Before Tax

PBT margin

Profit After Tax

PAT margin

20%

19%

601

657

25%

1,015

14%

428

15%

513

20%

797

11%

342

14%

470

16%

641

Q1 Jun21 Q4 Mar22 Q1 Jun22

Revenue up by ₹ 1,017 Crore (↑34%)

EBITDA up by ₹ 414 Crore (↑69%)

PBT up by ₹ 369 Crore (↑86%)

PAT up by ₹ 229 Crore (↑87%)

Standalone | ₹ Crore

828

1,115

1,225

EBITDA

EBITDA margin

Profit Before Tax

PBT margin

Profit After Tax

PAT margin

29%

238

25%

276

32%

398

34%

282

28% 315

40% 495

28%

228

24%

268

31%

381

Q1 Jun21

Q4 Mar22

Q1 Jun22

Q1 Jun21 Q4 Mar22 Q1 Jun22

Revenue up by ₹ 397 Crore (↑48%)

EBITDA up by ₹ 160 Crore (↑67%)

PBT up by ₹ 213 Crore (↑76%)

PAT up by ₹ 153 Crore (↑67%)

Note: Change is vs PY quarter PBT & PAT includes continuing operations, after share in JV & associates & before Non Controlling Interest

Soda Ash | In Kts

Sodium Bicarbonate | in Kts

Salt | in Kts

India

Kenya

India UK

India

896

885

83 68

83 65

943

64 87

966

83 89

578

568

580

585

167

169

213

209

408

418

414

416

312

330

319

328

Jun-21

Jun-22

Jun-21

Jun-22

Jun-21

Jun-22

Jun-21

Jun-22

Jun-21

Jun-22

Jun-21

Jun-22

Sales

Production

Sales

Production

Sales

Production

Tata Chem Soda Ash : Market Applications

Input Costs

Others, 15%

Chemicals, 28%

Detergents, 17%

Flat Glass, 17%

Container Glass, 22%

Consolidated

Standalone

June-21

June-22

Growth

June-21

June-22

Growth

₹ Crore

Revenue

Cost of Production1

2,978

3,995

1,473

1,931

Contribution

1,505

2,064

559

Contribution Margin

51%

52%

828

416

412

50%

1,225

641

584

48%

172

◊ Gas, coal and freight costs continue to remain at elevated levels Carbon UK ETS prices remained stable at 70+ GBP per MT ◊ ◊ Limestone, coke and raw salt prices have increased ◊ Higher contribution margins in overseas units due to improved realizations

◊ Diversified end customer segment mix for TCL

◊ Glass remains the largest segment in US and

Kenya units

◊ Detergents is the largest segment in India

s t u p n

I y g r e n E

Material

Coal

Gas

Heavy Fuel Oil (HFO)

India

Kenya

Pie represents FY 22 & excludes US exports as all US exports are sold to ANSAC

1 Cost 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

Q1 FY 23 Financial Performance

Revenue YoY growth

48%

EBITDA YoY growth

67%

EBITDA Margin

32%

Highlights

◊ Mithapur unit operating at full capacity ◊ Higher soda ash and bi carb realizations on the back of strong market demand, market tightness EBITDA improvement due to improved realizations which offset significant increase in raw material and energy costs

◊

In ‘000MT Soda Ash Volumes Bi Carb Volumes

Salt Volumes

₹ Cr

Revenue

EBITDA

PAT

% YoY

167.4

27.8

311.9

828

238

228

169.1

30.0

329.5

1,225

398

381

1.0%

8.0%

5.6%

48%

67%

Q1 FY 23 Financial Performance

Revenue YoY growth

34%

EBITDA YoY growth

59%

EBITDA Margin

25%

Highlights

% YoY

Volumes In ‘000 MT

Soda Ash Volumes

577.6

567.9

(1.7%)

₹ Cr

Revenue

EBITDA

PAT (before NCI)

837

173

1,119

276

141

34%

59%

176%

◊ Overall US volumes remain strong with growth in domestic and export market; overall market remains tight

◊

Export prices remain strong & at above pre-covid levels

◊ Maintenance shutdown in one dryer leading to 10K

MT production loss

◊ Gas prices remain at elevated levels

◊

Part pre-payment of $ 30 mn debt during the quarter

Q1 FY 23 Financial Performance

Revenue YoY growth

31%

EBITDA YoY growth

233%

EBITDA Margin

18%

Highlights

◊

improved EBITDA improvement on account of realizations which offset significant increase in raw material and energy costs

◊ Marginally lower volumes in Q1 FY 23

Volumes In ‘000 MT

Soda Ash

Bi Carb

Salt

₹ Cr

Revenue

EBITDA

PAT

% YoY

67.5

27.1

96.0

407

(18)

64.6

28.1

88.0

531

(4.3%)

3.7%

(8.3%)

31%

233%

Q1 FY 23 Financial Performance

Revenue YoY growth

84%

EBITDA YoY growth

375%

EBITDA Margin

49%

Highlights

% YoY

Volumes In ‘000 MT

Soda Ash

83.1

83.3

0.2%

₹ Cr

Revenue

EBITDA

PAT

134

246

119

111

84%

375%

601%

◊

Kenya operation maintained its steady performance with higher sales volume and higher export realizations

◊ Margins improved vs PY on account of higher

realizations and robust market demand

◊ Unit continues its focus to optimization cost and

improve efficiencies

Q1 FY 23 Financial Performance

Revenue YoY growth

17%

EBITDA YoY growth

(7)%

EBITDA Margin

13%

Highlights

₹ Cr

Revenue

EBITDA

PAT

% YoY

care ◊ Margins

impacted due to cost

inflation and

◊ Higher revenues driven by robust growth in crop

741

122

863

113

17%

(7)%

(18)%

◊

competitive pricing External operations are being addressed

factors affecting costs, margins and

◊ Crop care margins improved while seeds margin was impacted and continues to be under pressure

TCL

• Deliver consistent market and customer delivery performance • Deliver capacity expansions on schedule - Soda Ash, Bicarb & Salt expansion on stream by FY23 & FY24 • Continue focus on cost management

Rallis

• Extend Portfolio offerings: New product introductions, plug portfolio gaps • Strengthen Manufacturing: Invest in manufacturing and registrations

• 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

Kenya

• Sustain volume delivery to customers • Continuous cost focus • Generate cash and deleverage

Grow the core and invest in adjacencies

Focus on cash generation across geographies

Deleverage international debt

Products

Soda Ash

Bicarb

Salt

Capacity (Lacs MT)

Expansion

2.3

0.7

3.3

Phase I expansion (current)

Phase II expansion (planned)

H1 FY23

H2 FY23

H1 FY24

H2 FY24

Products

Incremental Capacity (beyond Phase I)

0.45

3.30

0.70

1.85

Soda Ash

~30%

Bicarb

~40%

Silica

Till June 22

Target Completion by Mar24

₹ 1,800 Cr spent / committed

To be spent ₹ 1,100 Cr

Project Cost ~ ₹ 2,900 Cr

~ Rs 2,000 Cr FY 24 - FY 27

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

ESG initiatives

Priorities

Focus Areas

Climate Change

Circular Economy

Signed SBTi and taken emission target

• Carbon Capture and Use unit in UK commissioned • Energy Efficiency projects under implementation

Water Neutrality, zero solid waste and recycle

• Water harvesting and conservation projects on track • Planning to increase Plastic waste Recycling

Biodiversity

Preserve Natural Capital, conservation & restoration of biodiversity

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

Emergency Preparedness Training Mambattu

Mithapur basic fire fighting training

Kenya Fire Safety Training

Employee Safety and Health

Tata Chemicals was conferred the coveted TAAP Jury Award at the Tata Affirmative Action Programme (TAAP) Convention for FY21.

Tata Chemicals recognised as JRDQV award winner and industry leader for crossing 650 points in Business Excellence Assessment 2021

Innovation center receives award for Industry Best practice implementation of Safety Hour by NIST

₹ Crore

Consolidated

Standalone

Q1 Jun 21 Q4 Mar 22

Q1 Jun 22

Variance

Q1 Jun 21 Q4 Mar 22

Q1 Jun 22

Variance

Basic Chemistry Products

2,174

2,903

3,060

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

t n e m g e S

s Basic Chemistry Products

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

797

(1)

2,970

2,978

346

439

(19)

377

564

(4)

3,463

3,481

516

(24)

492

(66)

489

934

(5)

3,989

3,995

765

843

(5)

768

886

137

(4)

1,019

(2)

1,017

419

(15)

404

(1)

391

769

826

828

234

(12)

222

(64)

282

1,046

1,154

1,104

1,115

266

(6)

260

(60)

315

1,225

391

(11)

380

(119)

495

385

399

(2)

397

157

158

(55)

213

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

1,40 0

1,20 0

1,00 0

800

600

400

200

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

Standalone | ₹ Crore

Consolidated | ₹ Crore

812

841

828

847

931

717

1,115

1,225

2,609

2,606

2,636

2,978

3,023

3,142

3,995

3,481

4,50 0

4,00 0

3,50 0

3,00 0

2,50 0

2,00 0

1,50 0

1,00 0

500

Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

22%

20%

175

164

16%

116

29%

238

23%

192

26%

244

25%

277

32%

398

18%

472

15%

386

11%

283

20%

601

17%

501

17%

545

25%

19%

1,015

657

Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

19%

135

14%

116

120

28%

228

16%

135

17%

156

31%

381

24%

268

11%

342

11%

340

248

16%

641

14%

470

132

201

Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23

Statement of Profit and Loss for the quarter ended June 22

Units

₹ Cr

Revenues

EBITDA

EBIT

PBT

PAT (before NCI)

PAT (after NCI)

TCL India

828

238

185

282

228

1,225

398

338

495

381

Var

397

160

153

213

153

1,119

276

192

159

141

837

173

Var

282

103

104

407

(8)

(18)

531

Kenya

Rallis

Consolidated

Var

125

134

246

119

112

111

Var

112

741

122

104

109

863

113

Var

122

(9)

(15)

(18)

(15)

2,978

601

404

428

342

288

3,995

1,015

802

797

641

593

Var

1,017

414

398

369

299

305

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 4 .Rallis financials represent 100 % share. Consolidated numbers is after adjustment of Rallis India’s NCI.

s t K n

I | a d n

s t K n

I | K U

Domestic

Exports

168

184

167

188

156

176

169

151

118

- Q1 FY21

- Q2 FY21

- Q3 FY21

- Q4 FY21

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

Domestic

- Q1 FY21

- Q2 FY21

- Q3 FY21

- Q4 FY21

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

s t K n

I | S U

s t K n

I | a y n e K

389

139 250

Q1 FY21

475

197

278

Q2 FY21

181

295

Q3 FY21

568

578

613

588

617

309

259

Q4 FY21

317

261

Q1 FY22

353

260

Q2 FY22

320

268

Q3 FY22

323

294

Q4 FY22

Domestic

Exports

37 15

Q1 FY21

Q2 FY21

Q3 FY21

Q4 FY21

Q1 FY22

Q2 FY22

Q3 FY22

Q4 FY22

568

276

292

Q1 FY23

7 Q1 FY23

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

Chemistry of Resilience

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