TATACHEMNSE3 February 2025

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Tata Chemicals Limited

February 3, 2025

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 27, 2025, informing about Analysts/Investors Call

With reference to the aforesaid letter, please find enclosed the presentation to be made to Analysts/Investors on the Unaudited Consolidated and Audited Standalone Financial Results for the third quarter and nine months ended December 31, 2024, during the Analysts/Investors call to be held on Monday, February 3, 2025.

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

Chemistry of Sustainable Growth

Investors Communication Quarter and Nine Months Ended December 2024

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 and Nine Months Ended 31 December 2024

Performance Highlights - All time high production volumes, however performance affected by lower prices over PQ and PY Consolidated

Q3FY25

9MFY25

India

Production Volumes

(Soda Ash, Bicarb and Salt)

Asia ex. China & India

1480 Kts vs. 1389 Kts (PQ)

4259 Kts (CY) vs. 3984 Kts (PY)

1311 Kts (PY)

Revenue ₹ 3,590 Cr (CY) vs. ₹ 3,999 Cr (PQ)

Revenue ₹ 11,378 Cr (CY) vs. ₹11,946 Cr (PY)

₹ 3,730 Cr (PY)

EBITDA ₹ 434 Cr (CY) vs. ₹ 618 Cr (PQ)

₹ 542 Cr (PY)

PAT* ₹ 49 Cr (CY) vs. ₹ 267 Cr (PQ)

₹ 194 Cr (PY)

EBITDA ₹ 1,626 Cr (CY) vs. ₹ 2,404 Cr (PY)

PAT* ₹ 491 Cr (CY) vs. ₹ 1,165 Cr (PY)

Gross Debt

₹810 Cr

₹ 952 Cr

Net Debt

₹ 6,722 Cr (Dec 24)

₹ 5,912 Cr (Dec 23)

₹ 5,329 Cr (Dec 24)

₹ 4,377 Cr (Dec 23)

* PAT is from continuing operations, before exceptional items and before Non-Controlling interest (‘NCI’) CY – Current Quarter (Q3FY25)/ Nine Months (9MFY25) PQ – Previous Quarter (Q2FY25) , PY – Previous Year’s Quarter (Q3FY24)/ Nine Months (9MFY24)

Geography

Q2FY25

China

Europe

Americas

Global Outlook

Sentiment ↑

H1FY25

↑

Demand ↑

↑

↓

• China and India continue to experience robust growth, while US and Western Europe are witnessing slight declines due to reduced demand for flat and container glass.

• In other regions, Asia (Excl China and India) demand is robust, while slight decline is observed in demand of Americas (Excl US) and Africa

• Cessation underway for the non-profitable soda ash operations in UK

(Lostock)

• Revenue was down by 4% in Q3FY25 as compared to PY mainly due to adverse price movement of Soda ash on account of market factors, although volumes are higher

• EBITDA down by 20% in Q3FY25 as compared to PY, mainly on

account of lower pricing

• Net debt higher than PY mainly due to lower EBITDA and higher

working capital (US, Kenya & India) and continuing capex spend

Financial Snapshot – Lower EBITDA due to decline in realisation, effect flowing into PBT and PAT For the Quarter Ended 31 December 2024

Revenue

3,999

3,730

3,590

Consolidated | ₹ Crore

EBITDA

Profit Before Tax

Profit After Tax

434

618

542

348

262

267

194

Q3FY25

Q2FY25

Q3FY24

Q3FY25

Q2FY25

Q3FY24

Q3FY25

Q2FY25

Q3FY24

Q3FY25

Q2FY25

Q3FY24

Revenue lower by ₹ 140 Crore (↓ 4%)

EBITDA lower by ₹ 108 Crore (↓ 20%)

PBT lower by ₹ 196 Crore (↓ 75%)

PAT lower by ₹ 145 Crore (↓ 75%)

Revenue

1,166

1,009

1,093

Standalone | ₹ Crore

EBITDA

Profit Before Tax

Profit After Tax

209

144

206

117

140

* 72

115

Q3FY25

Q2FY25

Q3FY24

Q3FY25

Q2FY25

Q3FY24

Q3FY25

Q2FY25

Q3FY24

Q3FY25

Q2FY25

Q3FY24

Revenue higher by ₹ 73 Crore (↑ 7%)

EBITDA higher by ₹ 3 Crore (↑ 1%)

PBT lower by ₹ 57 Crore (↓ 41%)

PAT lower by ₹ 43 Crore (↓ 37%)

Note: Change is vs PY PBT & PAT includes continuing operations, before exceptional items, after share in JV & associates & before NCI * PAT includes impact of ₹ 46 Cr finance cost with respect to Non-Convertible Debentures

Financial Snapshot- Highest volumes offset by lower realisation, leading to drop in EBITDA, PBT & PAT For the Nine Months Ended 31 December 2024

Revenue

11,378

11,946

Consolidated | ₹ Crore

EBITDA

Profit Before Tax

Profit After Tax

2,404

1,626

1,524

1,165

683

491

YTD Dec 24

YTD Dec 23

YTD Dec 24

YTD Dec 23

YTD Dec 24

YTD Dec 23

YTD Dec 24

YTD Dec 23

Revenue lower by ₹ 568 Crore (↓ 5%)

EBITDA lower by ₹ 778 Crore (↓ 32%)

PBT lower by ₹ 841 Crore (↓ 55%)

PAT lower by ₹ 674 Crore (↓ 58%)

Revenue

EBITDA

Profit Before Tax

Profit After Tax

3,222

3,294

Standalone | ₹ Crore

588

683

522

717

427

577

YTD Dec 24

YTD Dec 23

YTD Dec 24

YTD Dec 23

YTD Dec 24

YTD Dec 23

YTD Dec 24

YTD Dec 23

Revenue lower by ₹ 72 Crore (↓ 2%)

EBITDA lower by ₹ 95 Crore (↓ 14%)

PBT lower by ₹ 195 Crore (↓ 27%)

PAT lower by ₹ 150 Crore (↓ 26%)

PBT & PAT includes continuing operations, before exceptional items, after share in JV & associates & before NCI

Unit wise Profit & Loss

Units

Consolidated

India

Kenya

Rallis

Statement of Profit and Loss for the Quarter Ended December 2024

₹ Crore

3,590

3,999

3,730

Var vs PY (140) 1,166

1,009

1,093

Var vs PY 73

434

(70)

(53)

618

542

(108) 209

144

206

348

267

194

262

194

158

(70)

(28)

(196)

(145)

(211)

117

140

115

(57)

(43)

1,273

1,391

1,260

146

223

145

(4)

Var vs PY 13

(19)

(9)

534

(70)

(78)

531

(59)

594

(24)

Var vs PY (60)

(47)

(70)

(54)

136

168

163

Var vs PY (27)

(34)

(32)

(5)

PQ PY

522

928

166

598

143

Var vs PY (76)

(16)

(11)

(13)

Statement of Profit and Loss for the Nine Months Ended December 2024

Consolidated

India

11,378

11,946

1,626

2,404

(70)

130

683

491

276

102

1,524

1,165

1,109

Var

(568)

(778)

(172)

(841)

(674)

(833)

3,222

3,294

588

522

427

683

102

717

577

Var

(72)

(95)

(102)

(195)

(150)

3,945

4,070

567

940

120

105

541

442

1,590

1,852

(70)

(198)

284

Var

(125)

(373)

(421)

(337)

Kenya

Rallis

Var

(262)

(230)

(70)

(247)

453

104

495

171

163

Var

(42)

(81)

(59)

(8)

Var

(12)

2,233

2,212

306

305

227

157

225

169

Notes : • Above financials are for Continuing Operations • Consolidated financials is after adjusting SPV & other adjustments • Rallis financials represent 100% share. Consolidated numbers is after adjustment of Rallis India’s NCI.

1. Before exceptional items and after JV share 2. Before exceptional items and NCI 3. After exceptional items and NCI

Revenues

EBITDA

Exceptional Items

Share of JV Income PBT1 PAT2 PAT3

Units

₹ Crore

Revenues

EBITDA

Exceptional Items

Share of JV Income PBT1

PAT2

PAT3

Sales Volume Key Products

Soda Ash | In Kts

Sodium Bicarbonate | in Kts

India

Kenya

India UK

Salt | in Kts

India UK

846

914

811

2,630

2,434

175

161

425

397

407

1,222

1,206

207

137

181

162

221

232

559

632

529

1,779

1,607

181

159

168

507

484

105

354

322

324

1,001

974

Q3FY25

Q2FY25

Q3FY24 YTD Dec 24YTD Dec 23

Q3FY25

Q2FY25

Q3FY24 YTD Dec 24YTD Dec 23

Q3FY25

Q2FY25

Q3FY24 YTD Dec 24YTD Dec 23

Production Volume Key Products

961

66 59

76 50

54 67

206 167

172 219

585

623

520

1,799

1,650

251

187

201

643

572

Soda Ash | In Kts

Sodium Bicarbonate | In Kts

India

Kenya

India UK

Salt | In Kts

India

936

842

2,815

2,613

185

165

446

397

412

1,259

1,206

227

220

118

366

327

330

1,032

986

Q3FY25

Q2FY25

Q3FY24 YTD Dec 24YTD Dec 23

Q3FY25

Q2FY25

Q3FY24 YTD Dec 24YTD Dec 23

Q3FY25

Q2FY25

Q3FY24 YTD Dec 24YTD Dec 23

Historical Financial Trends

Consolidated | ₹ Crore

Standalone | ₹ Crore

e u n e v e R

A D T B E

)

(

n g r a M

& T A P

)

(

n g r a M

1,200

1,000

800

600

400

200

1,000

900

800

700

600

500

400

300

200

100

4,407

4,218

3,998

3,730

3,475

3,789

3,999

3,590

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

22%

965

25%

1,043

20%

819

15%

542

13%

443

15%

574

618

12%

434

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

1,302

1,135

1,066

1,093

1,090

1,047

1,009

1,166

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

25%

20%

18%

19%

18%

22%

18%

14%

259

289

188

206

192

235

144

209

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

16%

694

14%

578

10%

393

194

145

175

267

29%

328

16%

213

24%

20%

13%

11%

134

115

217

256

10%

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Note: PAT is after share of JV and before exceptional items & NCI

1,400

1,200

1,000

800

600

400

200

1,000

900

800

700

600

500

400

300

200

100

1,000

900

800

700

600

500

400

300

200

100

30%

25%

20%

15%

10%

25%

20%

15%

10%

R e v e n u e

M a r g n

(

)

E B T D A

M a r g n

(

)

P A T &

40%

35%

30%

25%

20%

15%

10%

40%

35%

30%

25%

20%

15%

10%

Historical Financial Trends

USA | ₹ Crore

Kenya | ₹ Crore

e u n e v e R

A D T B E

)

(

n g r a M

& T A P

)

(

n g r a M

1,000

900

800

700

600

500

400

300

200

100

1,000

900

800

700

600

500

400

300

200

100

1,650

1,484

1,326

1,260

1,307

1,281

1,391

1,273

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

32%

28%

457

476

24%

319

12%

11%

15%

16%

145

147

198

223

11%

146

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

18%

20%

290

292

10%

139

0% 2

50%

45%

40%

35%

30%

25%

20%

15%

10%

35%

30%

25%

20%

15%

10%

250

200

150

100

500

450

400

350

300

250

200

150

100

500

450

400

350

300

250

200

150

100

208

175

156

163

146

148

168

136

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

44%

37%

33%

34%

27%

17% 25

26%

16% 22

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

38%

24%

22%

14%

24%

22%

24%

13% 18

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

Note: PAT is before exceptional items and NCI

R e v e n u e

M a r g n

(

)

E B T D A

M a r g n

(

)

P A T &

90%

80%

70%

60%

50%

40%

30%

20%

10%

90%

80%

70%

60%

50%

40%

30%

20%

10%

Historical Financial Trends

UK | ₹ Crore

Rallis | ₹ Crore

800

700

600

500

400

300

200

100

500

450

400

350

300

250

200

150

100

350

300

250

200

150

100

(50)

(100)

e u n e v e R

A D T B E

)

(

n g r a M

& T A P

)

(

n g r a M

707

650

608

594

553

525

531

534

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

32%

225

17%

19%

113

114

10%

11%

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

28%

200

-4%

-14% -11%

-11%

-15%

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

(24)

(78)

(60)

(59)

(78)

40%

35%

30%

25%

20%

15%

10%

40%

30%

20%

10%

-10%

-20%

Note: PAT is before exceptional items and NCI

1,000

900

800

700

600

500

400

300

200

100

250

200

150

100

(50)

(100)

250

200

150

100

(50)

(100)

782

833

523

598

436

928

783

522

R e v e n u e

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

14%

110

16%

135

10%

12%

-12%

18%

166

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

(65)

10%

-13%

-5%

11%

Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25

(69)

(21)

M a r g n

(

)

E B T D A

M a r g n

(

)

P A T &

25%

20%

15%

10%

-5%

-10%

-15%

20%

15%

10%

-5%

-10%

-15%

Strategic Priorities

USA

• Maximize volumes through customer engagement

• Generate cash and

deleverage

• Focus on value added products like pharma salt and

premium grade bicarb

KENYA • Sustain volume delivery to

customers through customer engagement

• Deliver capacity expansions

RALLIS Extend Portfolio offerings: New product introductions, plug portfolio gaps Investment in marketing, manufacturing, and digitization capabilities to build differentiation

INDIA • Deliver consistent performance through customer engagement

• Deliver capacity expansions

Grow the core

Drive sustainability

Generate cash and deleverage

Grow the Core Expansion Plan On Track

Expansion - Completed

Expansion - Project Pipeline

Products

Capacity (Lacs MT) Expansion

Products

Capacity (Lacs MT) Expansion

Soda Ash (India)

Bi-carb (India)

Salt (India)

Pharma Salt (UK)

2.3

1.4

3.3

0.7

Soda Ash (India)

Silica (India)

Soda Ash (US)

Soda Ash (Kenya)

Bicarb (UK)

3.2

0.6

4.0

3.5

1.8

Sustainability

Priorities ESG Focus Sustainable & Ethical Impacts

Focus Areas & Projects

•

Improved S&P’s Corporate Sustainability Assessment Score (CSA) with high data availability moved up from 32 in 2023 to 49 in 2024 (Industry average 32) (All scores out of 100)

Climate Change Absolute carbon emission reduction

• Energy crop plantations at pilot scale commenced in Mithapur • Life Cycle Assessment study in USA and UK on track

Circular Economy Water Neutrality, zero solid waste and recycle

• Setting up 2 MWh solar park in Mithapur taking cumulative capacity to 7.8 MWh • 24.52 MCFT of water harvesting capacity added by creating small (farm ponds, well recharge,

etc.) & medium (community ponds, watershed) structures

Bio-diversity Preserve Natural Capital, conservation & restoration of biodiversity

•

In YTD FY25 under our project 'My Greening' a total of 2.71 lakh saplings have been planted across different villages in Devbhoomi Dwarka Dist. in Gujarat (Cumulative 476,000)

• Mangroves planted across Sundarbans, Cuddalore, Pulicat Lake and Jamnagar – 3,30,000 in

YTD FY25 (Cumulative 5,10,000)

• Whale Sharks rescued - 21 in YTD FY25 off the coast of Saurashtra region of Gujarat

(Cumulative 966 since start of the project)

Employee Safety and Health

Global Safety Meet

Fire Drill - Mithapur

Evacuation Drill - South Africa

Evacuation Drill – Mombasa (Kenya)

Awards and Recognitions

Tata Chemicals recognized among CII Top 20 Innovative Companies 2024 Award

Tata Chemicals received Special Appreciation for DEI (Diversity, Equity, and Inclusion) at CII-EFI National Conference

Tata Chemicals won the ISCM award for excellence in supply chain management in the chemical industry

Tata Chemicals emerged as a winner in the Large Manufacturing Category for Best Trademark Portfolio (2019–24)

Tata Chemicals Mambattu plant honored with the prestigious Confederation of Indian Industry National Award for Excellence in Water Management 2024

Annexure

Tata Chemicals Background

Journey So Far

Till FY18 Divestment of Urea and Phosphate Fertiliser Business

Till FY20 Completed Demerger of Consumer Products Business

FY21 Onwards Focused Chemistry Solutions Company

Footprints across 4 Continents

Employing ~5000 People

With 13 Manufacturing Units

Supported by R&D Centres with 200+ Scientists

Our Facilities India Operations

India

Rallis India Limited1

Major Products Soda Ash, Bicarb, Salt, Marine Chemicals and Cement

Installed Capacity Soda Ash: 1,091,000 MTPA Bicarb: 290,000 MTPA Salt: 1,600,000 MTPA

Location Gujarat

Major Products Prebiotics, Specialty Silica

Installed Capacity Prebiotic: 5,000 MTPA Specialty Silica:10,800 MTPA

Location Andhra Pradesh Tamil Nadu

Major Products Crop Care, Crop Protection and Seeds (Herbicides, Fungicides and Insecticides etc.)

Location Maharashtra and Gujarat

1 Tata Chem India holds 55.04% stake in Rallis India Limited

Our Facilities International Operations

USA

KENYA

Major Products Soda Ash

Installed Capacity 2,540,000 MTPA

Location Wyoming, USA

Major Products Soda Ash, Bicarb, Salt

Installed Capacity Soda Ash: 400,000 MTPA Bicarb: 130,000 MTPA Salt: 430,000 MTPA Pharma Salt : 70,000 MTPA

Location Lostock, Winnington, Middlewich, UK

Major Products Soda Ash

Installed Capacity 350,000 MTPA

Location Magadi, Kenya

Our facilities R&D Centers

Tata Chem India Innovation Centre

Rallis India R&D Centre

200+

Technically Skilled Scientists in R&D

State-of-the-art Innovation Centers

221

Patents Filed 148 Granted

Thank You

For any queries, please contact below :

Vijay Furia vfuria@tatachemicals.com

Damini Jhunjhunwala djhunjhunwala@tatachemicals.com

Gavin Desa gavin@cdr-india.com

Suraj Digawalekar suraj@cdr-india.com

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