Rain Industries Limited

Jagan Reddy Nellore

Vice Chairman of RAIN Industries

Gerard Sweeney

President of RAIN Carbon Inc.; and Mr. T.

3.76 billion

veryone. On Slide 3 of the presentation, we finished the third quarter with an EBITDA of Rupees 3.76 billion. This unexpected result was driven by falling product prices, delayed shipments, and a slower tha

187 million

he release of cash invested in working capital. During the last three quarters approximately US$187 million of working capital got released. We had expected to maintain our historically normal operating ma

45%

C capacities. As a reminder, we are currently limited to running our facilities in India at about 45% of capacity because of the import restrictions. Slide 4 - Jagan Reddy Nellore: Safety Turning

2,200 MT

Nellore: Moving on to slide 5, aluminum prices spent most of the third quarter floating around $2,200 MT level, which is generally considered a healthy price for continued production and possible expans

5%

hile we have seen reduced overall demand - it has been relatively minor and contained at around 5%. This is basically considered our contractual shipping tolerance. We have also seen positive move

17%

uring the Third Quarter of 2023. In our Carbon segment during the third quarter, we experienced a 17% decline in pricing and a 6% decline in volumes for calcined petroleum coke or CPC compared to t

6%

. In our Carbon segment during the third quarter, we experienced a 17% decline in pricing and a 6% decline in volumes for calcined petroleum coke or CPC compared to the previous quarter. CPC price

2%

. Moving on to the distillation side of our Carbon segment, coal tar pitch volumes increased by 2% in the third quarter. Pitch prices have decreased by 12% in third quarter compared to previous qu

12%

nt, coal tar pitch volumes increased by 2% in the third quarter. Pitch prices have decreased by 12% in third quarter compared to previous quarter driven by the drop in prices out of China, this aga

1%

gement Presentation In our other carbon products category, volumes have increased marginally by 1%. Finally, while sales of crude naphthalene were up slightly, prices declined due to continued sof

36%

flicts we do not expect any major deviations. Our Advanced Materials segment EBITDA was down by 36% driven by lower seasonal sales, change in product mix and offset by a decline in energy costs d

47%

to Slide 7 on Revenue by End-industry, as you could observe, Aluminium Industry contributed about 47% of consolidated revenues and the balance 53% is generated from varied industries including Steel,