Rain Industries Limited

Jagan Reddy Nellore

Vice Chairman of RAIN Industries

Gerard Sweeney

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

2.78 billion

g towards being an incident-free organization. We finished the Fourth quarter with an EBITDA of 2.78 billion Rupees and full year with an EBITDA of 20.14 billion Rupees. The results were below expectation

20.14 billion

finished the Fourth quarter with an EBITDA of 2.78 billion Rupees and full year with an EBITDA of 20.14 billion Rupees. The results were below expectations due to several factors. The largest impact was the co

10%

layed or deferred customer shipments. In our Carbon Segment, our EBITDA margin dropped to below 10% vs a normal range of 16%-18%, and the Advanced Materials segment recorded a negative EBITDA mar

16%

r shipments. In our Carbon Segment, our EBITDA margin dropped to below 10% vs a normal range of 16%-18%, and the Advanced Materials segment recorded a negative EBITDA margin due to seasonal lower d

18%

ipments. In our Carbon Segment, our EBITDA margin dropped to below 10% vs a normal range of 16%-18%, and the Advanced Materials segment recorded a negative EBITDA margin due to seasonal lower deman

rs,

culties while also emphasizing the potential for a brighter future ahead. Over the past few quarters, we have encountered significant obstacles, primarily stemming from the relentless decline in sales

7%

price trends and our business during the fourth quarter of 2023, the Carbon segment experienced a 7% decline in pricing offset by an increase of 7% in volumes. The volume increase was primarily at

11%

. Moving on to the distillation side of our Carbon segment, coal tar pitch volumes decreased by 11% in the fourth quarter compared to the previous quarter. Pitch prices decreased by 7% in the fourt

12%

ter, driven by aggressive price declines from China. Prices for our coal tar raw material dropped 12% in the same quarter, but we had to work off our existing inventories to catch up.

3%

Q4 2023 Management Presentation In our Other Carbon Products category, volumes have increased by 3%, and prices increased by 7%. Our Advanced Materials segment’s EBITDA was negative in the fourth

48%

Slide 8 on Revenue by end-industry, as you can observe, the aluminium industry contributed about 48% of our consolidated revenues. The balance 52% is generated from varied industries including cemen

52%

observe, the aluminium industry contributed about 48% of our consolidated revenues. The balance 52% is generated from varied industries including cement, steel, and carbon black. Over the last seve