Rain Industries Limited

RAIN is headquartered in India and have 18 production facilities in 8 countries across 3 continents. Its
strategically positioned manufacturing locations and integrated global logistics network assist them in
capitalizing on market opportunities by addressing raw material supply and product demand in both
established and emerging markets across the world.

Industry Leadership
• World’s Largest Producer of Calcined Petroleum Coke (CPC)
• World’s Largest Producer of Coal Tar Coal Tar Pitch (CTP), Creosote, Resins, Modifiers, 3.5 DMP-a
precursor for Disinfectant Products
• World’s Largest Producer of Specialty Binders for Lithium-ion Batteries & Energy Storage

Highlights
• Indian MNC trading at 7PE of CY2021EEPS & at 5.5PE of CY22EEPS
• Conservative Management with Good Corporate Governance Practices
• Excellent Product Mix & Global Presence
• Capital Expansion Projects Completed. No Further Expansions Are Proposed
• Surplus Cash used for Working Capital & Repayment of Debt, increases Shareholder Value
• New Hydrogenated Hydrocarbon Resins Facility in Germany commissioned with capacity up to
50,000 tons per year. “Throughout the history of our company, innovation and ingenuity have
enabled us to produce carbon-based raw materials that make countless products that people
rely on every day possible,” said Rain Carbon President Gerry Sweeney during the
commissioning ceremony. “Today, we are continuing a traditional that began here in 1898,
when the former RÜTGERS plant was producing raw materials for preserving railroad ties and
later when it supported the growing BAKELITE industry. Our $93 million investment in this
facility will enable Rain Carbon to produce advanced raw materials required to meet changing
regulatory requirements and growing consumer demand for cleaner, faster and lighter
products. “Building on the spirit of innovation that has been part of the DNA here for the past
120 years, one of the products that will be manufactured in Castrop-Rauxel is our new
NOVARES® pure resins,” Sweeney added. “These ‘water-white’ resins will match the purity of
any competing products available, and they will provide customers with a cleaner alternative for
such applications as food packaging and hygiene products”. Innovation can also be
seen in our proprietary technology for resins production and in the environmentally friendly
hydrogen plant constructed by Messer Group.
Date July 25, 2021 Rain Industries – Holding Company
BSE Code 500339
NSE Symbol RAIN
CMP Rs.253.80 Rain Carbon Inc.
Market Cap Rs.8,540 crore Carbon & Chemicals
Face Value Rs.2
Book Value Rs.142 Rain CII USA & Rain CII Vizag Rain Carbon GmbH Rain Cements
P/B 1.49 Calcined Petroleum Coke & Advanced Materials Cement & Power
Promoters 41.14%* Power through Waste Heat Recovery
Pabrai Investment 7.01%**
Vanguard 1.30%** Operating Entities of Rain Industries
Dolly Khanna 1.18%
*ZERO PLEDGE
**through difference fund names
Products & Capacity (annual)
Calcined Petroleum Coal Tar Pitch Advanced Materials Cement Power
Coke (CPC) (CTP) & Other 0.6 Million Tons 4 Million Tons 177 MW
Carbon • Resins • OPC
• Naphthalene Derivatives • PPC
Products
• Petrochemical
2.47 Million Tons* 1.3 Million Tons Intermediates
* including 0.37 Million Tons Expansion to
be commenced anytime soon • Engineered Products
* excl. Blending Facility of 1 Million Tons

Industries Where RAIN Create Value

Product Overview
Calcined Petroleum CPC is produced from Green Petroleum Coke (GPC) through a high-temperature process
Coke (CPC) known as “calcining”, which removes moisture and volatile matter from GPC. CPC can be
produced using rotary kiln and vertical-shaft technologies.

Coal Tar Pitch (CTP) CTP is a derivative of coal tar distillation. Through its wholly-owned subsidiaries, it operates
and Other Carbon three coal tar distillation facilities in Belgium, Canada, and Germany. A distillation plant in
Products (OCPs) Cherepovets, Russia, is operated through a joint venture. OCPs are produced during the
distillation of coal tar. They include naphthalene, creosote oil and carbon black oil. Rain
supplies CTP and a range of OCPs with different properties for a wide spectrum of applications
to customers around the world, except in Australia and China.
Advanced Materials Naphthalene Petrochemical Resins Engineered products
RAIN operates derivatives intermediates
advanced materials Key raw materials: Key raw materials:
production facilities Key raw materials: Key raw materials: • Carboindene Coal Tar & Petro Tar
in Germany, Naphthalene oil Crude benzene • C9 feedstock
Canada, Belgium
and the Netherlands
and cater to various
industries
worldwide, such as Products Products Products
Products • CARBORES®
specialty chemicals, • Benzene • Carbon resins
• Naphthalene • PETRORES®
coatings, • Toluene • Hydrocarbon resins
• Phthalic anhydride • Sealer coatings
construction, • Xylene • Pure resins
(PA)
automotive and • Solvents • Hydrogenated resins
• Polynaphthalene
petroleum. • Fuel additives • Phenolics
sulfonates (PNS)
• Modifiers
Cement Rain Cements Limited (RCL), wholly-owned subsidiary of Rain Industries Limited, is the leading
manufacturer of cement in South India marketed under the brand name “Priya Cement”. It
has two production facilities each in Telangana and Andhra Pradesh. Their limestone mines are
within two-kilometre radius of its plants and have reserves of about 50 years.
Rain co-generates energy at 5 of its seven CPC plants & 2 of its cement plants with a combined
Power generation capacity of 177 MW in the form of equivalent steam, solar energy or electricity for
export electric power grids and industrial partners.
Building on robust fundamentals
Expanding scale and scope USA Lake Charles, Louisiana Robinson, Illinois Chalmette, Louisiana Gramercy,
Louisiana Norco, Louisiana Purvis, Mississippi With our strategically located manufacturing facilities across the
world, we are in good stead to capitalise on emerging market opportunities. We will continue to grow through
prudent capacity expansions, mergers and acquisitions across the world, thus improving our capabilities to
serve global markets.

Financials (Rs. in million)

Particulars CY2022E CY2021E H1-2021 2020 2019 2018 2017 2016
Revenue 159,859 135,474 67,315 104,647 123,607 140,490 114,496 94,945
Operating Profit 37,391 32,513 6,351 19,892 17,427 12,220 13,492 16,367
Net Profit 12,858 10,404 4,969 5,321 5,211 7,305 7,977 3,457
EPS (Rs.) 38.25 30.95 13.13 15.82 15.49 21.71 23.70 10.30

“The year 2020 was a challenging for all of us at RAIN. Nonetheless, we persevered and remained strong, in large part,
because of the resolve of our employees to remain an unbroken link in the global supply chain. We remain optimistic about
the future and believe RAIN is well positioned for sustainable growth thanks to our robust fundamentals and focus on
efficiency, our responsiveness to emerging opportunities as a supplier of sustainable products for 21st-century applications,
and what we have learned during the pandemic. We also know that the responsible environmental, social and governance
approach we employ in running our businesses will serve us and our stakeholders well for years to come”. – Vice Chairman
The R.A.I.N. strategy
R.A.I.N. strategy focuses on driving sustainable growth, cash and returns, and creating new market
opportunities.

Committed to the highest standards of ethics

At RAIN, our sound business principles and practices nurture an innovative culture that is committed to ethical
behaviour, transparency and accountability.

GOVERNANCE ARCHITECTURE
Our corporate governance architecture comprises regulations and policies that promote transparency,
accountability and competence. Our multi-tiered governance structure, comprising the governing bodies and
Board management at various levels allows us to ensure high performance in a dynamic business environment.
At RAIN, we are guided by our vision to be one of the world’s most
trusted providers of diversified carbon products and advanced
materials. We strive to follow the triple bottom-line approach of
‘People, Planet and Profit’ and to consider and balance the economic,
environmental, and social impact of our Company’s activities.

Being responsible towards ESG issues

Sustainability achievements 2020
This year, we undertook additional steps to progress further on our journey of achieving sustainable business
growth and societal change.

ARTICULATING OUR SUSTAINABILITY VISION

Our Carbon and Advanced Materials segments articulated the organisation’s Sustainability Vision: Guided by
our corporate vision to be the world's most trusted and resourceful provider of diversified carbon products and
advanced materials, our businesses are committed to a sustainable environment and maintaining the
ecological, social and economic well-being of future generations.
• We strive to follow the triple bottom-line approach of ‘People, Planet and Profit’ to equally consider the
economic, environmental, and social impact of our activities.
• We aim to maximise the positive and minimise the negative environmental and social impacts arising from
our operations.
• We strive to operate responsibly in alignment with universal principles of human rights, labour,
environmental and anti-corruption standards.

IMPLEMENTING AN ORGANISATIONAL STRUCTURE THAT PROMOTES SUSTAINABILITY

Our Carbon and Advanced Materials segments have created a sustainability organisational structure to ensure
cohesive and systematic global management of the development and execution of sustainability strategies.

Source: 2020 Annual Report