TATACHEMNSE7 August 2023

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Tata Chemicals Limited

August 7, 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: Letters dated July 25, 2023 and August 2, 2023 informing about Analysts/Investors

Call

Further to our referred letters, please find enclosed the presentation to be made to Analysts/ Investors on the Audited Standalone and Unaudited Consolidated financial results for the quarter ended June 30, 2023 during the Analysts/Investors call to be held on Tuesday, August 8, 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 Chief General Counsel & Company Secretary

Encl.: as above

Investors Communication ----------------------------- Quarter Ended June 2023

Safe Harbour Statement

“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.”

Financial Highlights Quarter Ended: June 2023

Performance Highlights : Consolidated

Q1FY24

Revenue ↑ 6%

EBITDA ↑ 3%

PBT ↓ 6%

PAT ↓ 10%

₹ 4,218 Cr (CY) vs ₹ 3,995Cr (PY)

₹ 1,043 Cr (CY) vs ₹ 1,015 Cr (PY)

₹ 749 Cr (CY) vs ₹ 797 Cr (PY)

₹ 578 Cr (CY) vs ₹ 641 Cr (PY)

▪ Higher revenue on account of better realizations partly impacted by lower volumes (dispatches in India impacted by cyclone Biparjoy for 10 days)

▪ EBITDA growth driven by higher realizations

▪ PBT is lower mainly due to higher finance cost

▪ PAT is lower due to higher taxes in some geographies

Gross Debt

Net Debt

₹ 6,296 Cr (Mar 23)

₹ 3,898 Cr (Mar 23)

423

431

₹ 5,873Cr (Jun 23)

₹ 4,329 Cr (Jun 23)

▪ Gross debt lower from US$ 770 Mn to US$ 720 Mn due to prepayment of debt of US$ 95 Mn in overseas units during the year partly offset mainly by higher leases

➢ Net debt higher due to usage of cash for dividend,

capex, etc

Financial Snapshot for the Quarter Ended June 23

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Consolidated | ₹ Crore

4,218

4,407

3,995

1,043

965

1,015

749

686

797

578

694

641

Q1FY24

Q4FY23

Q1FY23

Q1FY24

Q4FY23

Q1FY23

Q1FY24

Q4FY23

Q1FY23

Q1FY24

Q4FY23

Q1FY23

Revenue up by ₹ 223 Crore (↑6%)

EBITDA up by ₹ 28 Crore (↑3%)

PBT down by ₹ 48 Crore (↓6%)

PAT down by ₹ 63 Crore (↓ 10%)

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Standalone | ₹ Crore

1,135

1,302

1,225

289

259

398

406

495

249

328

213

381

Q1FY24

Q4FY23

Q1FY23

Q1FY24

Q4FY23

Q1FY23

Q1FY24

Q4FY23

Q1FY23

Q1FY24

Q4FY23

Q1FY23

Revenue down by ₹ 90 Crore (↓ 7%)

EBITDA down by ₹109 Crore (↓ 27%)

PBT down by ₹ 89 Crore (↓18%)

PAT down by ₹ 53 Crore (↓14%)

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

Sales Volumes | Key Products

Soda Ash | In Kts

Sodium Bicarbonate | in Kts

India

US - Domestic

US - Export

Kenya

India UK

803

295

240

155

Q1FY24

897

63 60

371

237

166

Q4FY23 QTR

885

276

291

169

Q1FY23

Salt | in Kts

India

384

415

418

312

340

330

Q1FY24

Q4FY23 QTR

Q1FY23

Q1FY24

Q4FY23 QTR

Q1FY23

Unit wise Profit & Loss

Units

Rs Cr

Revenues

EBITDA

Share of JV income

PBT (after JV share)

Statement of Profit and Loss for the quarter ended June 23

Consolidated

TCL India

Kenya

Rallis

Q1 FY24

Q4 FY23

Q1 FY23

Var Vs PY

Q1 FY24

Q4 FY23

Q1 FY23

Var Vs PY

Q1 FY24

Q4 FY23

Q1 FY23

Var Vs PY

Q1 FY24

Q4 FY23

Q1 FY23

Var Vs PY

Q1 FY24

Q4 FY23

Q1 FY23

Var Vs PY

Q1 FY24

Q4 FY23

Q1 FY23

Var Vs PY

4,218 4,407 3,995 223 1,135 1,302 1,225

(90) 1,484 1,650 1,119 365

650

707

531

119

175

208

246

(71)

782

523

863

(81)

1,043 965 1,015 28

289

259

398

(109) 476

457

276

200

113

225

119

(55)

110

(65)

113

(3)

(20)

749

686

797

(48)

406

249

495

(89)

347

313

159

188

147

PAT (before NCI)

578

694

641

(63)

328

213

381

(53)

292

290

141

151

200

PAT (after NCI)

523

711

593

(70)

(9)

111

(50)

(88)

111

(70)

(69)

(6)

(4)

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

Historical Financial Trends

Consolidated | ₹ Crore

Standalone | ₹ Crore

3,023

3,141

3,995

3,481

4,239

4,148

4,407

4,218

Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24

17%

501

546

19%

657

25%

1,015

22%

25%

920

922

965

1,043

Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24

11%

248

340

14%

470

16%

641

685

16%

694

14%

578

10%

432

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

1,40 0

1,20 0

1,00 0

800

600

400

200

1,30 0

1,10 0

900

700

500

300

100

(1 00)

2,00 0

1,80 0

1,60 0

1,40 0

1,20 0

1,00 0

800

600

400

200

700

600

500

400

300

200

100

600

500

400

300

200

100

30%

25%

20%

15%

10%

25%

20%

15%

10%

1,115

1,225

1,185

1,218

1,302

1,135

847

931

Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24

23%

26%

25%

32%

398

25%

23%

25%

20%

244

276

192

294

284

259

289

Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24

16%

17%

135

155

31%

381

24%

269

21%

243

16%

190

213

29%

328

40%

35%

30%

25%

20%

15%

10%

-5%

-10%

35%

30%

25%

20%

15%

10%

-5%

-10%

Q2FY22 Q3FY22 Q4FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24

Expansion Plan on track

Products

Soda Ash

Bicarb

Salt

Capacity (Lacs MT)

Expansion

2.3

0.7

3.3

Expansion - Ongoing

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 June 23

Target Completion by Mar 24

₹ 2,200 Cr spent / committed

To be spent ₹ 700 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

Strategic Priorities

TCL

• Deliver consistent market and customer delivery performance through customer engagement • Deliver capacity expansions on schedule - Soda Ash, Bicarb & Salt expansion on stream by 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

Protect margin across geographies

Generate cash and deleverage

Sustainability

ESG initiatives

Priorities

Focus Areas & Projects

ESG Focus

Sustainable & Ethical Impacts

• ESG Action Report published with integrated report FY23

Climate Change

Absolute carbon emission reduction

Circular Economy

Water Neutrality, zero solid waste and recycle

Biodiversity

Preserve Natural Capital, conservation & restoration of biodiversity

• Biomass scaleup study underway • Energy Efficiency projects under implementation. Energy audit being conducted • Transition to renewable Hybrid Power being planned

• 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 Staff Strategy Drill - Mithapur

Mine safety - TCNA - US

Safety head visit - TCE - UK

Monthly Mock Fire Drill – Magadi Site

Awards and Recognitions

Innovation Centre bags 'Gold Standard Award' at the 4th CII National EHS Circle Competition 2023

The CII National EHS Circle Award for "Best Case in Resource Management" is attributed to the 'Scrap to Art' project installed at IC Pune. This installation is a 19 feet monument built using several end-of- life R&D equipment. This award is a testimonial to our commitment to addressing the challenges of tomorrow with a focus on Green approaches for a Sustainable Future!

At the 7th Annual Treasury Management India Summit & Awards conducted by Inventicon business Intelligence, we had winners in the following category: Treasury leader of the year - Deepak Singhania representing Tata Chemicals Treasury Tech Innovation Initiative of the Year - Vijay Furia, representing Rallis India

Tata Chemicals - Background

Annexure

Journey So far

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

Our Facilities | India Operations

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 as on 30 June 2023

Our Facilities | International Operations

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

Our Facilities | R&D Facilities

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 |200 patents filed; 133 granted

D & R a d n

s i l l

a R

Soda Ash Sales Volume Trends

Domestic

Exports

s t K n

I | a d n

s t K n

I | K U

167

178

156

176

169

154

156

166

155

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

- Q2 FY23

- Q3 FY23

- Q4 FY23

Q1 FY24

Domestic

- Q1 FY22

- Q2 FY22

- Q3 FY22

- Q4 FY22

- Q1 FY23

- Q2 FY23

- Q3 FY23

- Q4 FY23

- Q1 FY24

s t K n

I | S U

s t K n

I | a y n e K

578

617

586

615

568

561

610

608

317

261

Q1 FY22

353

264

Q2 FY22

320

266

Q3 FY22

323

292

Q4 FY22

276

292

Q1 FY23

289

272

Q2 FY23

313

297

Q3 FY23

371

237

Q4 FY23

535

295

240

Q1 FY24

* Domestic

Exports

Q1 FY22

Q2 FY22

Q3 FY22

Q4 FY22

7 Q1 FY23

10 Q2 FY23

Q3 FY23

Q4 FY23

11 Q1 FY24

* includes Africa

Thank You

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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