TATACHEMNSE3 May 2023

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Tata Chemicals Limited

May 3, 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 April 21, 2023 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, 2023 during the Analysts/Investors call to be held on Thursday, May 4, 2023.

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

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

“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”

Q4 FY23

12M FY23

₹ 4,407 Cr (CY) vs ₹ 3,481 Cr (PY)

₹ 16,789 Cr (CY) vs ₹ 12,622 Cr (PY)

₹ 965 Cr (CY) vs. ₹ 657 Cr (PY)

₹ 3,822 Cr (CY) vs. ₹ 2,305 Cr (PY)

₹ 686 Cr (CY) vs ₹ 513 Cr (PY)

₹ 2,740 Cr (CY) vs ₹ 1,667 Cr (PY)

₹ 694 Cr (CY) vs ₹ 470 Cr (PY)

₹ 2,452 Cr (CY) vs ₹ 1,400 Cr (PY)

Gross Debt

₹ 7,024 Cr (Mar 22)

Net Debt

₹ 4,232 Cr (Mar 22)

728

334

₹ 6,296 Cr (Mar 23)

₹ 3,898 Cr (Mar 23)

▪ Higher revenue on account of better realizations and stable

demand

▪ EBITDA growth driven by higher

realizations

in all

geographies

▪ Proposed Dividend of ₹ Rs. 17.5 per share (subject to

approval of shareholders at AGM)

▪ Gross debt lower due to prepayment of debt US$ 155 Mn in

overseas units during the year (Rs 1,247 Cr)

➢ Gross debt down from US $ 930 Mn to US $ 770 Mn

➢ Gross and Net debt include a forex revaluation impact of

Rs 458 Cr

Revenue

4,148

4,407

3,481

Consolidated | ₹ Crore

EBITDA

Profit Before Tax

Profit After Tax

922

965

657

513

534

686

470

432

694

Q4 Mar 22 Q3 Dec 22 Q4 Mar 23

Revenue up by ₹ 926 Crore (↑27%)

EBITDA up by ₹ 308 Crore (↑47%)

PBT up by ₹ 173 Crore (↑34%)

PAT up by ₹ 224 Crore (↑48%)

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Standalone | ₹ Crore

1,115

1,218

1,302

276

284

259

316

244

249

269

190

213

Q4 Mar 22 Q3 Dec 22 Q4 Mar 23

Revenue up by ₹ 187 Crore (↑17%)

EBITDA down by ₹17 Crore (↓ 6%)

PBT down by ₹ 67 Crore (↓21%)

PAT down by ₹ 56 Crore (↓21%)*

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

*Q4FY22 profit was higher due to tax refund of ~Rs. 60 cr.

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Consolidated | ₹ Crore

16,789

12,622

FY22

FY23

2,305

FY22

3,822

FY23

1,667

FY22

2,740

FY23

1,400

FY22

2,452

FY23

Revenue up by ₹ 4,167 Crore (↑33%)

EBITDA up by ₹ 1,517 Crore (↑66%)

PBT up by ₹ 1,073 Crore (↑64%)

PAT up by ₹ 1,052 Crore (↑75%)

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Standalone | ₹ Crore

4,930

3,721

FY22

FY23

951

FY22

1,235

FY23

Revenue up by ₹ 1,209 Crore (↑32%)

EBITDA up by ₹ 284 Crore (↑30%)

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

988

1,265

FY22 PBT up by ₹ 277 Crore (↑28%)

FY23

787

FY22

1,027

FY23

PAT up by ₹240 Crore (↑30%)

Soda Ash | In Kts

Sodium Bicarbonate | in Kts

India

US - Domestic

US - Export

Kenya

India

Salt | in Kts

India

936

898

69 63

897

3,665

3,538

231

225

416

408

415

1,609

1,629

63 60

318

277

289

256

111

105

358

323

313

371

1,313

1,249

292

297

237

1,079

1,098

120

325

333

340

1,251

1,306

176

156

166

678

646

Mar-22

Dec-22

Mar-23

Mar-22

Mar-23

Mar-22

Dec-22

Mar-23

Mar-22

Mar-23

Mar-22

Dec-22

Mar-23

Mar-22

Mar-23

QTR

12M

QTR

12M

QTR

12M

Statement of Profit and Loss for the quarter ended March 23

Units

Rs Cr

Revenues

EBITDA

Consolidated Q4 FY23

Q3 FY23

Q4 FY22

Var

Q4 FY22

TCL India Q4 Q3 FY23 FY23

Kenya

Rallis

Var

Q4 FY22

Q3 FY23

Q4 FY23

Var

Q4 FY22

Q3 FY23

Q4 FY23

Var

Q4 FY22

Q3 FY23

Q4 FY23

3,481 4,148 4,407 926

1,115 1,218 1,302 187 1,092 1,323 1,650 558

576

739

707

131

171

241

208

657

922

965

308

276

284

259

(17)

275

326

457

182

150

225

184

124

Share of JV income

(91)

(11)

PBT (after JV share) 513

534

686

PAT (before NCI)

470

432

694

173

224

PAT (after NCI)

463

398

711

248

316

244

249

(67)

171

189

313

142

(12)

269

190

213

(56)

174

160

290

116

(12)

147

159

200

212

118

107

Var

Q4 FY22

Q3 FY23

Q4 FY23

Var

508

630

523

(0)

(16)

(14)

(65)

(88)

(72)

(69)

(55)

Statement of Profit and Loss for the year ended March 23

Units ₹ Cr

Revenues

EBITDA

Consolidated CY

Var

TCL India CY

Var

US CY

Var

UK CY

12,622

16,789

4,167

3,721

4,930

1,209

3,688

5,271

1,583

1,949

2,629

2,305

3,822

1,517

951

1,235

284

787

1,269

482

118

615

Share of JV income

226

(2)

(228)

PBT (after JV share)

1,667

2,740

1,073

988

1,265

PAT (before NCI)

1,400

2,452

1,052

787

1,027

277

240

338

336

750

673

412

337

(85)

382

435

Kenya CY

945

468

439

450

577

143

Rallis CY

2,602

2,967

276

219

222

164

128

Var

365

(57)

(94)

(72)

Var

368

325

345

356

Var

680

497

467

520

PAT (after NCI)

1,253

2,335

1,082

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

: Change is vs PY quarter

Rs Cr

Non - Current Assets

Inventories

Investments

Trade Receivables

Cash and Cash Equivalent

Others Current Assets

Total Assets

Equity & Reserves

Non - Controlling Interests

Non-Current Liabilities

Borrowings (Non-Current) / Lease Liabilities

Borrowings (Current)/ Lease Liabilities

Trade Payables

Others Current Liabilities

Total Equities and Liabilities

Consolidated

Standalone

31-Mar-22

31-Mar-23

31-Mar-22

31-Mar-23

25,098

26,920

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

1,270

2,627

665

1,070

35,084

19,721

921

3,861

5,677

619

2,597

1,688

14,170

880

1,113

182

493

179

17,017

15,342

544

560

568

14,906

1,203

1,049

201

444

17,888

15,992

543

698

655

33,843

35,084

17,017

17,888

Consolidated | ₹ Crore

Standalone | ₹ Crore

2,977

3,023

3,141

3,481

3,995

4,239

4,148

4,407

828

847

931

1,115

1,225

1,185

1,218

1,302

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

20%

601

17%

501

546

19%

657

25%

1,015

22%

920

922

22%

965

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

11%

342

248

11%

340

16%

641

685

14%

470

16%

694

10%

432

29%

23%

26%

25%

239

192

244

276

32%

398

25%

23%

20%

294

284

259

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

28%

228

16%

17%

135

155

31%

381

24%

269

21%

16%

243

190

213

30%

25%

20%

15%

10%

25%

20%

15%

10%

1,000

900

800

700

600

500

400

300

200

100

1,000

900

800

700

600

500

400

300

200

100

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

35%

30%

25%

20%

15%

10%

-5%

-10%

35%

30%

25%

20%

15%

10%

-5%

-10%

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

2,000

1,800

1,600

1,400

1,200

1,000

800

600

400

200

2,000

1,800

1,600

1,400

1,200

1,000

800

600

400

200

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 March 23

Target Completion by Mar 24

₹ 2,100 Cr spent / committed

To be spent ₹ 800 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

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

ESG initiatives

Priorities

Focus Areas & Projects

ESG Focus

Sustainable & Ethical Impacts

• External materiality study completed • ESG Action Report under preparation. To be published with integrated report.

Climate Change

Absolute carbon emission reduction

• Biomass feasibility study underway • Energy Efficiency projects under implementation • Transition to renewable Hybrid Power being planned

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

Safety Quiz 2.0 & 3.0

PPE exhibition & description

National Safety Week Celebrations

Fire Drill - Mombassa

Tata Chemicals wins Silver Award at ICAI Sustainability Reporting Awards 2021-22

CII India’s Top 50 Innovative Company Award and Top Innovative Company (Large) in Manufacturing (category winner)

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

• 200+ Technically skilled Scientists in R&D

• 3 State-of-the-art innovation Centers

• Intellectual property |186 patents held; 122 active applications

D & R a d n

s i l l

a R

Domestic

Exports

s t K n

I | a d n

184

167

178

156

176

169

154

156

166

- Q4 FY21

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

- Q2 FY23

- Q3 FY23

Q4 FY23

Domestic

s t K n

I | K U

- Q4 FY21

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

- Q2 FY23

- Q3 FY23

- Q4 FY23

s t K n

I | S U

s t K n

I | a y n e K

568

578

309

259

Q4 FY21

317

261

Q1 FY22

617

353

264

Q2 FY22

586

320

266

615

323

292

Q3 FY22

Q4 FY22

568

561

610

608

276

292

Q1 FY23

289

272

Q2 FY23

313

297

Q3 FY23

371

237

Q4 FY23

Domestic

Exports

Q4 FY21

Q1 FY22

Q2 FY22

Q3 FY22

Q4 FY22

7 Q1 FY23

Q2 FY23

Q3 FY23

Q4 FY23

* includes Africa

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

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