TATACHEMNSE1 February 2023

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Tata Chemicals Limited

February 1, 2023

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 January 20, 2023 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 analysts/investors call to be held on Thursday, February 2, 2023.

third quarter and nine months ended December 31, 2022 during

the

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 & Nine Months Ended December 2022 : Q3 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”

Q3 FY23

9M FY23

▪ Higher revenue on account of better realizations and

₹ 4,148 Cr (CY) vs ₹ 3,141Cr (PY)

₹ 12,382 Cr (CY) vs ₹ 9,141Cr (PY)

₹ 922 Cr (CY) vs. ₹ 546 Cr (PY)

₹ 2,857 Cr (CY) vs. ₹ 1,648 Cr (PY)

₹ 523 Cr (CY) vs. ₹ 246 Cr (PY)

₹ 1,773 Cr (CY) vs. ₹ 728 Cr (PY)

₹ 432 Cr (CY) vs ₹ 340 Cr (PY)

₹ 1,758 Cr (CY) vs ₹ 930 Cr (PY)

Gross Debt

₹ 7,024 Cr (Mar 22)

Net Debt

₹ 4,232 Cr (Mar 22)

548

125

₹ 6,476 Cr (Dec 22)

₹ 4,357 Cr (Dec 22)

stable demand

▪ Input costs still elevated but stable

▪ EBITDA growth driven by higher realizations in all

geographies

▪ Gross debt lower due to prepayment of debt US$ 144 Mn in overseas units during 9 months (Rs 1150 Cr)

➢ Gross debt down from US $ 930 to US $ 780

➢ Net debt primarily impacted by adverse exchange rate movement with a forex revaluation impact of Rs 410 Cr

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Consolidated | ₹ Crore

4,239

4,148

3,141

920

922

546

406

723

534

340

685

432

Q3 Dec 21 Q2 Sep 22 Q3 Dec 22

Revenue up by ₹ 1,007 Crore (↑32%)

EBITDA up by ₹ 376 Crore (↑69%)

PBT up by ₹ 128 Crore (↑32%)

PAT up by ₹ 92 Crore (↑27%)

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Standalone | ₹ Crore

1,185

1,218

931

Q3 Dec 21 Q2 Sep 22 Q3 Dec 22

Revenue up by ₹ 287 Crore (↑31%)

EBITDA up by ₹ 40 Crore (↑16%)

PBT up by ₹ 31 Crore (↑15%)

PAT up by ₹ 35 Crore (↑23%)

244

294

284

213

277

244

155

243

190

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

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Consolidated | ₹ Crore

9,141

12,382

1,648

2,857

1,154

2,054

930

1,758

YTD Dec 21

YTD Dec 22

YTD Dec 21

YTD Dec 22

YTD Dec 21

YTD Dec 22

YTD Dec 21

YTD Dec 22

Revenue up by ₹ 3,241 Crore (↑35%)

EBITDA up by ₹ 1,209 Crore (↑73%)

PBT up by ₹ 900 Crore (↑78%)

PAT up by ₹ 828 Crore (↑89%)

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Standalone | ₹ Crore

2,606

3,628

675

976

672

1,016

518

814

YTD Dec 21

YTD Dec 22

YTD Dec 21

YTD Dec 22

YTD Dec 21

YTD Dec 22

YTD Dec 21

YTD Dec 22

Revenue up by ₹ 1,022 Crore (↑39%)

EBITDA up by ₹ 301 Crore (↑45%)

PBT up by ₹ 344 Crore (↑51%)

PAT up by ₹296 Crore (↑57%)

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

Soda Ash | In Kts

Sodium Bicarbonate | in Kts

India

US - Domestic

US - Export

Kenya

India

Salt | in Kts

India

886

857

898

2,728

2,639

170

169

383

387

408

1,192

1,214

320

289

69 63

313

243

206

990

226 196

878

267

248

266

272

297

787

860

156

154

156

502

479

294

303

333

925

966

Dec-21

Sep-22

Dec-22

Dec-21

Dec-22

Dec-21 Sep-22 Dec-22 Dec-21 Dec-22

QTR

Units

Rs Cr

Revenues

EBITDA

Units

₹ Cr

Revenues

EBITDA

Statement of Profit and Loss for the quarter ended Dec 22

Consolidated Q3 FY23

Q2 FY23

Q3 FY22

Var

Q3 FY22

TCL India Q3 Q2 FY23 FY23

Kenya

Rallis

Var

Q3 FY22

Q2 FY23

Q3 FY23

Var

Q3 FY22

Q2 FY23

Q3 FY23

Var

Q3 FY22

Q2 FY23

Q3 FY23

Var

Q3 FY22

Q2 FY23

Q3 FY23

Var

3,141 4,239 4,148 1,007 931 1,185 1,218 287

891 1,179 1,323 432

551

651

739

188

132

251

241

109

628

951

630

546

920

922

376

244

294

284

PAT (before NCI)

340

685

432

PAT (after NCI)

301

633

398

155

243

190

143

211

326

183

160

115

142

150

134

124

154

107

118

(14)

(17)

Statement of Profit and Loss for the nine months ended Dec 22

Consolidated

TCL India

Var

Kenya

Var

Rallis

Var

9,141

12,382

3,241

2,606

3,628

1,022 2,596

3,622

1,026

1,373

1,922

548

406

737

331

2,096

2,444

348

1,648

2,857

1,209

675

976

301

512

813

301

390

313

PAT (before NCI)

PAT (after NCI)

930

790

1,758

1,624

828

834

518

814

296

162

383

221

(73)

235

308

377

294

276

284

371

328

178

161

(17)

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.

Note : Above financials are for Continuing Operations; NCI : Non-controlling Interest

: Change is vs PY quarter

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

200 0

180 0

160 0

140 0

120 0

100 0

800

600

400

200

200 0

180 0

160 0

140 0

120 0

100 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

2,977

3,023

3,141

3,481

2,636

3,995

4,239

4,148

Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3FY23

20%

601

17%

501

17%

546

19%

657

11%

283

25%

1,015

22%

920

22%

922

Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3FY23

11%

342

248

11%

340

1% 29

16%

641

685

14%

470

10%

432

1,40 0

1,20 0

1,00 0

800

600

400

200

1,00 0

900

800

700

600

500

400

300

200

100

1,00 0

900

800

700

600

500

400

300

200

100

30%

25%

20%

15%

10%

25%

20%

15%

10%

841

828

847

931

1,115

1,225

1,185

1,218

Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3FY23

29%

23%

26%

25%

20%

164

239

192

244

276

32%

398

25%

23%

294

284

Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3FY23

28%

228

14%

120

16%

17%

135

155

31%

381

24%

268

21%

243

16%

190

35%

30%

25%

20%

15%

10%

-5%

-10%

35%

30%

25%

20%

15%

10%

-5%

-10%

Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 Q3FY23

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 cost pressures

Kenya

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

Grow the core

Focus on cost across geographies

Generate cash and deleverage

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 December 22

Target Completion by Mar 24

₹ 2,000 Cr spent / committed

To be spent ₹ 900 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 & Projects

ESG Focus

Sustainable & Ethical Impacts

• External materiality study in progress • RC – Responsible Care Certification • BRSR Disclosures

Climate Change

Absolute carbon emission reduction

• Energy Efficiency projects under implementation • Transition to renewable Hybrid Power being planned • Exploring alternative low carbon fuels for thermal energy

Circular Economy

Water Neutrality, zero solid waste and recycle

Biodiversity

Preserve Natural Capital, conservation & restoration of biodiversity

• Water harvesting and conservation projects on track • Plastic waste recycling on track as per Extended Producer Responsibility (EPR)

compliance

• Coral reef restoration • Biodiversity reserve plantation • Whale shark conservation

Employee Safety and Health

Fire Drill Mambattu

Hot work safety training to Mechanical contract labours – Cuddalore

Statutory safety training by external agency for company employee - Mithapur

Monthly Fire Mock Drill -Magadi

TCL receiving Most Preferred Workplace Award 2022-23

Till Till FY18 FY18

Divestment of Urea and Phosphate Fertiliser Business

FY20

Completed Demerger of Consumer Products Business

FY21 Onwards

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

* Includes capex investments underway

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 |185 patents held; 114 Active

Applications

Domestic

Exports

s t K n

I | a d n

168

184

167

178

156

176

169

154

156

- Q3 FY21

- Q4 FY21

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

- Q2 FY23

Q3 FY23

Domestic

s t K n

I | K U

- Q3 FY21

- Q4 FY21

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

- Q2 FY23

- Q3 FY23

s t K n

I | S U

s t K n

I | a y n e K

476

181

295

Q3 FY21

568

578

617

586

617

568

561

309

259

Q4 FY21

317

261

Q1 FY22

353

264

Q2 FY22

320

266

Q3 FY22

323

294

Q4 FY22

276

292

Q1 FY23

289

272

Q2 FY23

610

313

297

Q3 FY23

Domestic

Exports

39 16

Q3 FY21

Q4 FY21

Q1 FY22

Q2 FY22

Q3 FY22

Q4 FY22

7 Q1 FY23

Q2 FY23

11 Q3 FY23

For any queries please contact below :

Sriram Srinivasan

ssriram@tatachemicals.com

Damini Jhunjhunwala

djhunjhunwala@tatachemicals.com

Gavin Desa

gavin@cdr-india.com

Suraj Digawalekar

suraj@cdr-india.com

Chemistry of Resilience

← All Transcripts TATACHEM Stock Page →

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Market Movers