Rain Industries Limited

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d several other global industries. We have longstanding relationships with most of our major customers, including several of the largest companies in the global aluminium, graphite and specialty chemicals

₹ 52.54 billion

erations. 2 Results for First Quarter - 2023 Financial Highlights • Revenue from Operations was ₹ 52.54 billion and Adjusted EBITDA was ₹ 6.85 billion • Adjusted Net Profit After Tax was ₹ 2.15 billion and Adju

₹ 6.85 billion

- 2023 Financial Highlights • Revenue from Operations was ₹ 52.54 billion and Adjusted EBITDA was ₹ 6.85 billion • Adjusted Net Profit After Tax was ₹ 2.15 billion and Adjusted Earnings Per Share was ₹ 6.38 • C

₹ 2.15 billion

ons was ₹ 52.54 billion and Adjusted EBITDA was ₹ 6.85 billion • Adjusted Net Profit After Tax was ₹ 2.15 billion and Adjusted Earnings Per Share was ₹ 6.38 • Capital expenditures of US$ 22 million for the three-

₹ 6.38

.85 billion • Adjusted Net Profit After Tax was ₹ 2.15 billion and Adjusted Earnings Per Share was ₹ 6.38 • Capital expenditures of US$ 22 million for the three-month period ended March 31, 2023 Business H

22 million

er Tax was ₹ 2.15 billion and Adjusted Earnings Per Share was ₹ 6.38 • Capital expenditures of US$ 22 million for the three-month period ended March 31, 2023 Business Highlights • Quarterly performance rever

1%

Jun-21 63 45 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Benzene $/Ton Fuel Oil 1% $/Ton Naphtha $/Ton Brent Oil $/bbl Gas €/MWh Realisations increased during Q1 enabling recover

2%

cluding other operating income) Highlights in Q1 CY23 • Revenue from Cement business decreased by 2% primarily due to lower volumes • Adjusted EBITDA decreased by ₹ 346 million due to higher energy c

₹ 346 million

from Cement business decreased by 2% primarily due to lower volumes • Adjusted EBITDA decreased by ₹ 346 million due to higher energy costs OPC – Ordinary Portland Cement; PPC – Portland Pozzolana Cement Note:

7.25%

scale 9 Debt Summary US$ in Millions Mar 2023 Dec 2022 Cash Inflows / Outflows during Q1 2023 7.25% USD-denominated Senior Secured Notes (due in April 2025) Euro-denominated Senior Secured Term Lo

₹ 6.76 billion

,175 293 890 452 217 958 478 • Operating cash flows includes net working capital inflows of ₹ 6.76 billion (compared to outflows of ₹ 6.42 billion in Q1 2022) due to realisation of trade receivables and red

₹ 6.42 billion

perating cash flows includes net working capital inflows of ₹ 6.76 billion (compared to outflows of ₹ 6.42 billion in Q1 2022) due to realisation of trade receivables and reduction in inventory levels. • Capital e

“All statements that address expectations or projections about the future, including our statements addressing our expectations for segment volumes and earnings, the factors we expect to impact earnings in each segment, demand for our products, our expected uses of cash, and our expected tax rate, are forward looking statements.”

Investor Relations Contact

1

B. Adjustments

1

Investor Relations Contact

India Email: investorrelations@rain-industries.com Main Phone: +91 40 4040 1234, Direct: +91 40 4234 9870 US Email: investorrelations@raincarbon.com Main Phone:+1 203 406 0535 RAIN is a leading vertically integrated global producer of a diversified portfolio of products that are essential raw materials for staples of everyday life. We operate in three business segments: Carbon, Cement and Advanced Materials. Our Carbon business segment converts the by-products of oil refining and steel production into high-value carbon-based products that are critical raw materials for the aluminium, graphite, carbon black, wood preservation, titanium dioxide, refractory and several other global industries. Our Cement segment consists of two integrated cement plants that operate in the South Indian market, producing two primary grades of cement: ordinary portland cement (“OPC”) and portland pozzolana cement (“PPC”). Our Advanced Materials business segment extends the value chain of our carbon processin

B. Adjustments

- Inventory adjustments - Insurance claims relating to prior periods - Expenses towards strategic projects and other non-recurring items - Tax impact on above adjustments C. Adjusted (A + B) 14 5,370 1,053 1,703 1,703 (247) (247) 20 - 20 (385) 6,846 2,145 RAIN – Key Business Strengths • Three business segments (Carbon, Advanced Materials and Cement) • Global presence with 2.4 million tonnes p.a. calcination capacity, 1.0 million tonnes p.a. CPC blending capacity, 1.3 million tonnes p.a. coal tar distillation capacity, 0.6 million tonnes p.a. advanced materials capacity and 3.5 million tonnes p.a. cement capacity • • • Transforming by-products of oil and steel materials essential to numerous manufacturing applications and end products industries into high-value carbon-based Long-standing relationships with raw material suppliers and end customers Leading R&D function drives continuous innovation • Diversified geographical footprint with advantageous freight and logistics network • Facil