TATACHEMNSE7 May 2025

Tata Chemicals Limited has informed the Exchange about Investor Presentation

Tata Chemicals Limited

May 7, 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 April 30, 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 Audited Consolidated and Standalone Financial Results for the quarter and financial year ended March 31, 2025, during the Analysts/Investors call to be held on Wednesday, May 7, 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 Year Ended 31 March 2025

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 Year Ended 31 March 2025

Performance Highlights – CY sales volumes higher, partially offsetting impact of lower realisation over PY

Consolidated

Q4FY25

FY25

Sales Volumes

(Soda Ash, Bicarb and Salt)

1,375 Kts vs. 1,334 Kts (PQ)

5,404 Kts (CY) vs. 5,196 Kts (PY)

1,396 Kts (PY)

Revenue ₹ 3,509 Cr (CQ) vs. ₹ 3,590 Cr (PQ)

Revenue ₹ 14,887 Cr (CY) vs. ₹15,421 Cr (PY)

₹ 3,475 Cr (PY)

EBITDA ₹ 327 Cr (CQ) vs. ₹ 434 Cr (PQ)

₹ 443 Cr (PY)

PAT* ₹ (12) Cr (CQ) vs. ₹ 49 Cr (PQ)

₹ 145 Cr (PY)

EBITDA ₹ 1,953 Cr (CY) vs. ₹ 2,847 Cr (PY)

PAT* ₹ 479 Cr (CY) vs. ₹ 1,310 Cr (PY)

Net Debt (incl of lease) ₹ 5,515 Cr (Mar 25)

Net Debt (External Debt) ₹ 4,747 Cr (Mar 25)

₹ 4,163 Cr (Mar 24)

₹ 3,664 Cr (Mar 24)

* PAT is from continuing operations, before exceptional items and before Non-Controlling interest (‘NCI’) CQ – Current Quarter (Q4FY25), CY - Twelve Months (FY25) PQ – Previous Quarter (Q3FY25) , PY – Previous Year’s Quarter (Q4FY24)/ Twelve Months (FY24)

Geography

India

China

Q2FY25

Asia ex. China & India

Europe

Americas

Global Outlook

Demand ↑

Sentiment

H1FY25

↓

↑

↓

• Demand-supply balance continues to be soft, coupled with

uncertainties in Soda Ash trade driven by tariff changes.

• Medium to long term trend is positive driven by sustainability applications (Solar PV + EV growth), even with short term margin challenges.

• Soda Ash operations in UK (Lostock) ceased from early February 2025. Salt expansion with Pharma grade capacity commissioned in UK (Middlewich)

• Expanded capacities of Soda Ash and Bicarb commissioned in

India.

• Term loan remains largely unchanged at ₹ 4,519 Cr. Net debt higher than PY mainly due to higher working capital debt in India, US and UK.

• Credit rating reaffirmed by CRISIL AA+ and Moody’s Ba1

Financial Snapshot – Lower EBITDA due to decline in realisation, effect flowing into PBT and PAT For the Quarter Ended 31 March 2025

Consolidated | ₹ Crore

Revenue

EBITDA

Profit Before Tax

Profit After Tax

3,509

3,590

3,475

327

434

443

Q4FY25

Q3FY25

Q4FY24

Q4FY25

Q3FY25

Q4FY24

167

(37)

Q4FY25

Q3FY25

Q4FY24

(12)

145

Q4FY25

Q3FY25

Q4FY24

Revenue higher by ₹ 34 Crore (↑ 1%)

EBITDA lower by ₹ 116 Crore (↓ 26%)

PBT lower by ₹ 204 Crore (↓ 122%)

PAT lower by ₹ 157 Crore (↓ 108%)

1,219

Revenue 1,166

1,090

EBITDA

Profit Before Tax

Profit After Tax

Standalone | ₹ Crore

230

209

192

* 102

* 83

197

217

Q4FY25

Q3FY25

Q4FY24

Q4FY25

Q3FY25

Q4FY24

Q4FY25

Q3FY25

Q4FY24

Q4FY25

Q3FY25

Q4FY24

Revenue higher by ₹ 129 Crore (↑ 12%)

EBITDA higher by ₹ 38 Crore (↑ 20%)

PBT lower by ₹ 95 Crore (↓ 48%)

PAT lower by ₹ 120 Crore (↓ 55%)

Note: Change is vs PY PBT & PAT includes continuing operations, before exceptional items, after share in JV & associates & before NCI * PBT includes impact of finance cost with respect to Non-Convertible Debentures amounting to of ₹ 8 Cr in Q4FY25 and ₹ 46 Cr in Q3FY25

Financial Snapshot - Higher sales volumes offset by lower realisation, leading to drop in EBITDA, PBT & PAT For the Year Ended 31 March 2025

Revenue

14,887

15,421

EBITDA

2,847

1,953

Profit Before Tax

Profit After Tax

Consolidated | ₹ Crore

FY25

FY24

FY25

FY24

FY25

FY24

1,691

646

479

FY25

1,310

FY24

Revenue lower by ₹ 534 Crore (↓ 3%)

EBITDA lower by ₹ 894 Crore (↓ 31%)

PBT lower by ₹ 1,045 Crore (↓ 62%)

PAT lower by ₹ 831 Crore (↓ 63%)

Revenue

EBITDA

Profit Before Tax

Profit After Tax

Standalone | ₹ Crore

4,441

4,384

818

875

624

914

524

794

FY25

FY24

FY25

FY24

FY25

FY24

FY25

FY24

Revenue higher by ₹ 57 Crore (↑ 1%)

EBITDA lower by ₹ 57 Crore (↓ 7%)

PBT lower by ₹ 290 Crore (↓ 32%)

PAT lower by ₹ 270 Crore (↓ 34%)

PBT & PAT includes continuing operations, before exceptional items, after share in JV & associates & before NCI * PBT includes impact of finance cost with respect to Non-Convertible Debentures amounting to of ₹ 78 Cr in FY25

Sales Bridge - Higher sales volumes, partially offset lower realisation For the Year Ended 31 March 2025

Sales Bridge | ₹ Crore

15,421

704

(1,238)

14,887

-3%

FY24

Volume & Mix

Price

FY25

Higher sales volumes partially offset lower realisation

* Price include forex conversion

EBITDA Bridge – EBITDA down mainly due to lower realisation For the Year Ended 31 March 2025

EBITDA Bridge | ₹ Crore

2,847

249

1,953

(1,147)

-31%

FY24

Volume & Mix

Price

Fixed Cost

FY25

Higher sales volumes (Soda Ash and Sodium Bicarbonate), fixed cost discipline despite inflation and currency depreciation, partially offsets lower realisation

* Price include forex conversion

Unit wise Profit & Loss

Units

Consolidated

India

Kenya

Rallis

Statement of Profit and Loss for the Quarter Ended March 2025

₹ Crore

3,509

3,590

3,475

Var vs PY 34

1,219 1,166

1,090

Var vs PY 129

1,316

1,273 1,307

Var vs PY 9

417

534

553

Var vs PY (136)

327

(55)

(37)

(12)

(74)

434

(70)

443

(116)

230

209

192

146

147

(67)

(963)

167

145

908

(204)

(157)

102

197

217

(95)

(120)

(89)

(44)

(4)

(93)

(59)

(28)

(55)

(101)

(70)

(78)

(963)

(20)

(78)

(91)

908

(81)

(23)

(53)

(827)

753

Statement of Profit and Loss for the Year Ended March 2025

158

136

146

Var vs PY 12

PQ PY

430

522

436

(7)

(18)

(41)

(32)

(29)

(21)

Var vs PY (6)

(25)

(12)

(11)

Consolidated

India

14,887

15,421

1,953

(125)

154

646

479

202

2,847

(861)

1,691

1,310

282

Var

(534)

(894)

736

(1,045)

(831)

(80)

4,441

4,384

818

624

524

875

102

914

794

Var

(57)

(102)

(290)

(270)

5,261

648

5,377

1,087

545

457

2,007

2,404

(125)

(298)

347

(963)

(29)

Var

(116)

(439)

(514)

(396)

Kenya

Rallis

Var

(397)

(322)

838

(327)

(269)

612

142

149

118

640

211

201

134

Var

(28)

(69)

(52)

(16)

Var

(24)

(9)

(23)

2,663

2,648

288

312

187

125

196

148

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

Balance Sheet As on March 2025

Non - Current Assets

Inventories

Investments

Trade Receivables

Cash and Bank Balance

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 Liabilities

Particulars

Consolidated (₹ Cr)

Standalone (₹ Cr)

31-Mar-25

31-Mar-24

31-Mar-25

31-Mar-24

31,060

30,389

20,778

19,047

2,558

805

1,900

615

842

37,780

21,594

907

4,324

4,816

2,256

2,510

1,373

37,780

2,524

615

1,900

645

683

36,756

22,241

873

4,298

3,289

2,274

2,369

1,412

947

397

252

266

22,711

18,194

1,056

1,777

484

777

423

939

368

232

149

20,787

18,725

908

562

477

36,756

22,711

20,787

Sales Volume Key Products

Soda Ash | In Kts

Sodium Bicarbonate | in Kts

India

Kenya

India UK

Salt | in Kts

India UK

902

846

893

3,533

3,327

232

218

416

425

446

1,639

1,651

73 33

281

170

245

208

291

307

586

559

626

2,365

2,233

210

181

157

717

641

147

125

346

354

371

1,348

1,344

Q4FY25

Q3FY25

Q4FY24

FY25

FY24

Q4FY25

Q3FY25

Q4FY24

FY25

FY24

Q4FY25

Q3FY25

Q4FY24

FY25

FY24

EBITDA Margin and Cash Conversion Historical Trend

Consolidated

18%

102%

23%

90%

18%

50%

FY22

FY23

FY24

1,578

3,822

1,835

2,847

1,277

2,305

13%

33%

FY25

2,005

1,953

FY22

FY23

FY24

FY25

EBITDA Margin

Cash Conversion

CAPEX

EBITDA

15%

26%

FY21

1,242

1,501

FY21

Double digit EBITDA margins maintained from FY17 to FY25, major capex for India carried out in last 4 years

* Cash Conversion = Net Income (PAT- includes continuing operations, before exceptional items, after share in JV & associates & before NCI) / Cash Flow from Operations (CFO)

Historical Financial Trends

Consolidated | ₹ Crore

Standalone | ₹ Crore

4,218

3,998

3,730

3,475

3,789

3,999

3,590

3,509

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25

25%

1,043

20%

819

15%

542

13%

443

15%

12%

574

618

434

327

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25

14%

578

10%

393

194

145

175

267

(12)

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

800

600

400

200

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25

(200)

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

30%

25%

20%

15%

10%

25%

20%

15%

10%

-5%

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

1,135

1,066

1,093

1,090

1,047

1,009

1,166

1,219

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25

25%

289

18%

19%

18%

22%

18%

19%

14%

188

206

192

235

144

209

230

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25

29%

328

20%

24%

13%

11%

134

115

10%

217

256

Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25

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%

Strategic Priorities

Excel

Drive Operational Excellence in Manufacturing and Supply Chain Management

Achieve Functional Excellence through Innovation, Digitalization and People

Expand

Embed

Embed Sustainability across all segments

•Climate change

action

•Circular economy •Nature and biodiversity

Grow Capacities to maintain Leadership in Core Products through brownfield, debottlenecking and greenfield

Invest in Specialty Products to competitive edge through Capacity Expansion and Optimizing portfolio mix

Sustainability

Priorities

Focus Areas & Projects

ESG Focus Sustainable & Ethical Impacts

• TCL has maintained a “B” rating in Climate Security. • TCL has seen significant improvement in Water Security, with a two-band jump from “C” to “B” • External double materiality assessment carried out for TCL

Climate Change Absolute carbon emission reduction

• Energy crop plantations at pilot scale is progressing well in Mithapur • Life Cycle Assessment study in USA on track

Circular Economy Water Neutrality, zero solid waste and recycle

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

• Setting up 2 MWh solar park in Mithapur taking cumulative capacity to 7.8 MWh • Total water harvesting capacity created through small (farm ponds, well recharge, etc.) & medium (community ponds, watershed) structures taking cumulative capacity to 775.65 million cubic feet (MCFT)

•

In FY25 under our project 'My Greening' a total of 2,75,000 saplings have been planted across different villages in Devbhoomi Dwarka Dist. in Gujarat, Cuddalore Dist. in TN and Mambattu, Tirupati Dist, AP (Cumulative 4,80,000 in two years)

• 3,30,000 Mangroves planted across Sundarbans, Cuddalore, Pulicat Lake and Jamnagar in FY25

(Cumulative 5,10,000)

• 29 Whale Sharks rescued in FY25 off the coast of Saurashtra region of Gujarat (Cumulative 974

since start of the project)

• 3 season biodiversity impact assessment initiated in Mithapur. This is being done in partnership with

CII –Centre of excellence.

Employee Safety and Health

Contract Employees Safety Meeting - Mithapur

SHE convention 2024 – 25

SHE Convention- Kenya

Hose Reel Training – Cuddalore

Awards and Recognitions

Tata Chemicals Mambattu received silver at CII Safety Excellence Award

Tata Chemicals honored for Sustainable Innovation in the Tyre Industry

TCL receives Rasayan Udyog Ratna Award in Celebration of 100 Years of Chemistry

TCL and Rallis India awarded for Innovation in Agriculture at 15th Aegis Graham Bell Award

TCL wins MSDE Award for Outstanding Apprenticeship Training Initiatives

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 12 Manufacturing Units

Supported by R&D Centres with 200+ Scientists

Our Facilities India Operations

India

Rallis India Limited1

Installed Capacity Soda Ash: 1,091,000 MTPA Bicarb: 290,000 MTPA Salt: 1,600,000 MTPA Cement: 5,00,000 MTPA

Location Gujarat

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

Location Andhra Pradesh and 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

Installed Capacity Soda Ash: 2,540,000 MTPA

Installed Capacity Bicarb: 90,000 MTPA Salt: 430,000 MTPA Pharma Salt : 70,000 MTPA

Installed Capacity Soda Ash: 350,000 MTPA

Location Wyoming, USA

Location Winnington and Middlewich, UK

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

445*

Patents Filed 175* Granted

* Revision in the counting method for number of patents held by TCL. Current counting is based on Cumulative Number approach as against Family Number approach, used earlier.

Thank You

For any queries, please contact below :

Vijay Furia vfuria@tatachemicals.com

Damini Jhunjhunwala djhunjhunwala@tatachemicals.com

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