TATACHEMNSE27 October 2022

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Tata Chemicals Limited

October 27, 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 October 17, 2022 providing details of the Analysts/Investors Call

Further to our referred letter, please find enclosed a presentation to be made to analysts/investors on the Audited Standalone and Unaudited Consolidated Financial Results for the the second quarter and half year ended September 30, 2022 during analysts/investors call to be held on Friday, October 28, 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.

The presentation www.tatachemicals.com

is also being made available on

the Company's website at

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

Investors Communication ----------------------------- Quarter & Half Year ended September 2022 : Q2 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 FY18

FY19

FY20

FY21 Onwards

Divestment of Urea and Phosphate Fertiliser Business

Investment approval for expansion of Mithapur operations

Completed Demerger of Consumer Products Business

Entry into Fermentation and Silica platforms through 5,000 MT Prebiotic plant and 10,000 MT Silica Plant

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 *

Soda Ash: 1,091,000 MTPA Bicarb: 150,000 MTPA Salt: 1,600,000 MTPA

Location

Gujarat

India

Prebiotics Specialty silica

Rallis India Limited1

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

* Includes capex investments underway

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 |180 patents held; 114 Active

Applications

₹ 4,239 Cr (CY) vs ₹ 3,022 Cr (PY)

₹ 920 Cr (CY) vs. ₹ 501 Cr (PY)

₹ 685 Cr (CY) vs ₹ 248 Cr (PY)

Gross Debt

Net Debt

₹ 7,024 Cr (Mar 22)

₹ 4,232 Cr (Mar 22)

648

177

₹ 6,376 Cr (Sept 22)

₹ 4,409 Cr (Sept 22)

◊ Robust soda ash demand continues across all geographies and applications, pricing stable

◊ Input costs mainly energy continue to remain

at elevated levels

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

◊ Gross debt lower due to prepayment of debt $

125 Mn in overseas units during H1

3,995

4,239

3,022

Consolidated | ₹ Crore

EBITDA

Profit Before Tax

Profit After Tax

1,015

920

501

320

797

723

641

685

248

Q2 Sep 21 Q1 Jun 22 Q2 Sep 22

Revenue up by ₹ 1,217 Crore (↑40%)

EBITDA up by ₹ 419 Crore (↑84%)

PBT up by ₹ 403 Crore (↑126%)

PAT up by ₹ 437 Crore (↑176%)

1,225

1,185

847

400

350

300

250

200

150

100

Standalone | ₹ Crore

EBITDA

Profit Before Tax

Profit After Tax

398

294

193

495

381

177

277

135

243

Q2 Sep 21

Q1 Jun 22

Q2 Sep 22

Q2 Sep 21 Q1 Jun 22 Q2 Sep 22

Revenue up by ₹ 338 Crore (↑40%)

EBITDA up by ₹ 101 Crore (↑52%)

PBT up by ₹ 100 Crore (↑56%)

PAT up by ₹ 108 Crore (↑80%)

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

8,234

EBITDA

Profit Before Tax

Profit After Tax

6,000

Consolidated | ₹ Crore

1,102

1,935

748

1,520

590

1,326

YTD Sep 21

YTD Sep 22

YTD Sep 21

YTD Sep 22

YTD Sep 21

YTD Sep 22

YTD Sep 21

YTD Sep 22

Revenue up by ₹ 2,234 Crore (↑37%)

EBITDA up by ₹ 833 Crore (↑76%)

PBT up by ₹ 772 Crore (↑103%)

PAT up by ₹ 736 Crore (↑125%)

2,410

1,675

Standalone | ₹ Crore

EBITDA

Profit Before Tax

YTD Sep 21

YTD Sep 22

431

692

459

772

363

624

YTD Sep 21

YTD Sep 22

YTD Sep 21

YTD Sep 22

YTD Sep 21

YTD Sep 22

YTD Sep 21

YTD Sep 22

Revenue up by ₹ 735 Crore (↑44%)

EBITDA up by ₹ 261 Crore (↑61%)

PBT up by ₹ 313 Crore (↑68%%)

PAT up by ₹ 261 Crore (↑72%)

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

India Vol In ‘000MT

Soda Ash

Bi Carb Salt ₹ Cr Revenue EBITDA PAT

Vol In ‘000 MT

Soda Ash Bi Carb Salt ₹ Cr Revenue EBITDA PAT

178

31 320

847 193 135

68 25 82

416 (18) (67)

154

28 303

1,185 294 243

69 30 84

651 142 99

Vol In ‘000 MT

Soda Ash

617

561

Rallis ₹ Cr Revenue EBITDA PAT

727 87 56

951 118 71

₹ Cr

Revenue

EBITDA

PAT

Kenya

Vol In ‘000 MT

867

196

66 PY

1,179

211

82 CY

Soda Ash

₹ Cr

Revenue

EBITDA

PAT

140

251

134

154

Highlights ➢ Soda Ash

demand

supply situation continues to remain in balance

➢ Volumes were steady across all units except for some planned and extended shutdown

➢ Costs, especially energy and inputs costs, remain at elevated levels

➢ Higher profits across all Units

➢ US Unit

finalized multi-year

logistics agreement with ANSAC

₹ Crore

Consolidated

Standalone

Q2 Sep 21

Q1 Jun 22

Q2 Sep 22

Variance

Q2 Sep 21

Q1 Jun 22

Q2 Sep 22

Variance

Basic Chemistry Products

2,233

3,060

3,242

1,009

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

787

(2)

934

(5)

999

(9)

212

(7)

3,018

3,989

4,232

1,214

3,022

3,995

4,239

1,217

279

337

(10)

263

765

843

(5)

768

645

736

(26)

676

366

399

(16)

413

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

792

850

(3)

847

195

(12)

183

177

1,154

1,137

1,225

1,185

1,225

1,185

391

(11)

380

(119)

495

290

(7)

283

(2)

277

345

(10)

335

338

100

(3)

100

Statement of Profit and Loss for the quarter ended Sep 22

Units ₹ Cr Revenues EBITDA PAT (before NCI) PAT (after NCI)

Consolidated Var CY 3,022 4,239 1,217 419 920 501 437 685 248 432 633 201

TCL India CY 1,185 294 243

Var 338 101 108

PY 847 193 135

US CY 1,179 211 82

PY 867 196 66

Var 312 15 16

PY 416 (18) (67)

UK CY 651 142 99

Var 236 160 166

PY 140 33 11

Kenya CY 251 134 154

Var 111 101 143

PY 727 87 56

Rallis CY 951 118 71

Var 224 31 15

Statement of Profit and Loss for the Half year ended Sep 22

Units ₹ Cr Revenues EBITDA PAT (before NCI) PAT (after NCI)

TCL India CY

Consolidated CY

Var 6,000 8,234 2,234 1,675 2,410 692 833 1,102 1,935 624 736 590 1,326 737 489 1,226

431 363

US CY

PY Var 735 1,705 2,298 487 369 261 223 117 261

Var 594 118 105

UK CY

PY 822 1,182 240 148

11 (86)

Kenya CY 497 253 265

PY 274 58 27

Rallis CY

PY Var 223 1,468 1,814 231 209 195 139 139 238

Var 346 22 -

Var 360 229 234

Note: Above financials are for Continuing Operations; NCI : Non-controlling Interest 1 .Consolidated financials is after adjusting SPV & other adjustments 2 .Rallis financials represent 100 % share. Consolidated numbers is after adjustment of Rallis India’s NCI.

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-22

30-Sep-22

31-Mar-22

30-Sep-22

25,098

26,324

2,294

1,325

1,933

1,311

1,882

33,843

18,253

904

3,730

3,860

3,164

2,445

1,487

2,532

1,189

2,538

645

1,130

34,358

19,191

943

3,873

5,037

1,338

2,466

1,510

14,170

880

1,113

182

493

179

17,017

15,342

543

560

568

14,771

1,115

1,141

179

17,476

15,819

571

477

606

33,843

34,358

17,017

17,476

Consolidated | ₹ Crore

Standalone | ₹ Crore

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

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

2,606

2,636

2,977

3,023

3,142

3,995

4,239

3,481

812

841

828

847

931

1,115

1,225

1,185

1,40 0

1,20 0

1,00 0

800

600

400

200

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

18%

472

11%

283

20%

601

17%

501

17%

545

19%

657

25%

1,015

22%

920

22%

20%

29%

23%

26%

25%

175

164

239

192

244

277

32%

398

25%

294

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

201

1% 29

11%

342

248

11%

340

16%

641

685

14%

470

14%

116

120

28%

228

16%

17%

135

156

31%

381

24%

268

21%

243

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

Tata Chem Soda Ash : Market Applications

Input Costs

Others, 17%

Chemicals, 27%

Detergents, 17%

Flat Glass, 17%

Container Glass, 22%

Consolidated

Standalone

Sep-21

Sep-22

Growth

Sep-21

Sep-22

Growth

₹ Crore

Revenue

Cost of Production1

3,022

4,239

1,620

2,235

Contribution

1,402

2,004

602

Contribution Margin

46%

47%

847

476

371

44%

1,185

701

484

41%

113

◊ Gas, coal and freight costs, though at higher levels, are stabilizing ◊ ◊ ◊ Higher contribution margins in overseas units due to improved realizations

Carbon UK ETS prices up from GBP 70 per MT in Mar 22 to GBP 83 per MT in Sep 22. Limestone, coke and raw salt prices have increased

◊ Diversified end customer segment mix for TCL

◊ Glass remains the largest segment in US, UK and

Kenya

◊ 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

Soda Ash | In Kts

Sodium Bicarbonate | in Kts

India

Kenya

India

Salt | in Kts

India

950

857

1,845

1,742

110

116

402

387

802

805

86 68

73 69

170 136

157 133

617

561

1,194

1,129

178

154

346

323

178

172

320

303

631

633

Sep-21

Sep-22

Sep-21

Sep-22

Sep-21

Sep-22

Sep-21

Sep-22

Sep-21

Sep-22

Sep-21

Sep-22

Domestic

Exports

s t K n

I | a d n

151

168

184

167

178

156

176

169

154

- Q2 FY21

- Q3 FY21

- Q4 FY21

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

Q2 FY23

s t K n

I | K U

Domestic

- Q2 FY21

- Q3 FY21

- Q4 FY21

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

- Q2 FY23

s t K n

I | S U

s t K n

I | a y n e K

475

197 278

Q2 FY21

475

181 295

Q3 FY21

568

578

309

259

Q4 FY21

317

261

Q1 FY22

617

353

264

Q2 FY22

588

320

268

617

323

294

Q3 FY22

Q4 FY22

568

561

276

292

Q1 FY23

289

272

Q2 FY23

Domestic

Exports

37 15

Q2 FY21

39 16

Q3 FY21

55 13 Q4 FY21

12 Q1 FY22

48 25

58 17

Q2 FY22

Q3 FY22

Q4 FY22

7 Q1 FY23

10 Q2 FY23

TCL

• Deliver consistent market and customer delivery performance through customer engagement • 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 • 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

Grow the core

Focus on cash generation across geographies

Deleverage international debt

Products

Soda Ash

Bicarb

Salt

Capacity (Lacs MT)

Expansion

2.3

0.7

3.3

Expansion - Ongoing

H1 FY23

H2 FY23

H1 FY24

H2 FY24

Expansion - Planned

Products

Incremental Capacity (beyond Ongoing Expansion)

0.45

3.30

1.85

Soda Ash

~30%

0.70

Bicarb

~40%

Silica

Till September 22

Target Completion by Mar 24

₹ 1,850 Cr spent / committed

To be spent ₹ 1,050 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

Carbon Emission Reduction

Circular Economy

Water Neutrality, zero solid waste and recycle

Biodiversity

Preserve Natural Capital, conservation & restoration of biodiversity

• CCU unit in UK operational • Solar Power transition at Mithapur and Magadi under planning stage • Energy audit and efficiency initiatives under implementation at Mithapur • Piloting Concentrated Solar Thermal at Rallis

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

Indigenous flora conservation – 170 acres of Biodiversity reserve area

• • Mangroves plantation around Mithapur and Sundarbans • Coral Reef Recovery project at Mithapur - ~3,600 Sq. Mtr.

Safety Training Safety Training to Contract Employees – Mambattu to Contract Employees – Mambattu

Covid-19 Booster Dose Driven at Site – Cuddalore

Basic Fire fighting training - Mithapur

Fire Mock Drill -Magadi

Employee Safety and Health

Tata Chemicals receives award for The Economic Sustainable Organizations - 2022

Tata Chemicals Aniali Limestone Mine Awarded Five-Star Rating by GOI for the fourth year in a row

Rallis India Limited has received Indian Chemical Council (ICC) K. V. Mariwala award 2021 for “Effective chemical Industry-Academia Partnership” to Lote plant

Rallis India Limited bags two awards in CII digital transformation DX Award 2022 Ceremony for “Most Innovative Category”

For any queries please contact below :

Sriram Srinivasan

ssriram@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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