Ceat Limited · NSE:CEATLTD
Ceat — Q4 FY24 Earnings Presentation
15 slides from Ceat's earnings presentation, May 2, 2024
Slide 1: Stock exchange cover letter for Q4 FY24 investor presentation
May 2, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai 400 001 Mumbai 400 051 Security Code: 500878 Symbol: CEATLTD NCD Symbol: CL25, CL26 CP Listed ISIN: INE482A14CE3, INE482A14CF0, INE482
Slide 2: Q4 FY24 Investor Presentation - #RoadToSiberia
#RoadToSiberia Q4 FY24 | Investor Presentation | 02nd May 2024
Slide 3: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 4: Section 1: RPG Group and CEAT Overview
Section 1: RPG Group and CEAT Overview Section 1: RPG Group Overview
Slide 5: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics UNLEASHTALENT RPG Enterprises was founded in 1979. The group currently operates various businesses in Infrastructure, Technology, Life Sciences, Plantations and Tyre industries . The group has business TOUCHLIVES history dating back to 1820 in banking,
Slide 6: CEAT Overview
CEAT Overview 1st Deming Grand in the Tyre 55,000+ touchpoints industry and 1st Lighthouse recognised facility Highest in Tyre industry globally brand connect with “grip” and “safety” 171+ Patent filings Rs. 11,943 cr 14.0% 50+ Revenue (FY24) EBITDA (FY24) OEM relationships 9,500+ 0.4x AA Permanent
Slide 7: Section 2: Q4 FY24 Performance
Section 2: Q4 FY24 Performance Section 1: RPG Group Overview
Slide 8: Consolidated Financial Performance (1/2)
Consolidated Financial Performance (1/2) Revenue Rs. 2,992 Cr, 1.0% QoQ, +4.1% YoY Diversified Product Mix 1 Rs. Cr Truck & Bus PC/UV LCV/Others 2,992 2,963 2,875 2/3W Off Highway 31% (30%) 20% (20%) 7% (8%) Q4 FY24 Q3 FY24 Q4 FY23 27% (26%) 15% (16%) • On YoY basis, replacement segment saw healthy
Slide 9: Consolidated Financial Performance (2/2)
Consolidated Financial Performance (2/2) EBITDA margin 13.4%, -97 bps QoQ, +34 bps YoY Debt Rs. 1,629 Cr, D/E 0.4x, Debt/EBITDA 0.97x EBITDA Margin Debt Rs. Cr 13.4% 14.4% 2,093 13.1% 1,729 1,629 Q4 FY24 Q3 FY24 Q4 FY23 Q4 FY24 Q3 FY24 Q4 FY23 • RM basket was similar to Q3FY24, resulting in gross •
Slide 10: Operational Highlights
Operational Highlights Launched Motorcycle Steel Radials Awarded ‘Smart Manufacturing Official Racing Partner of the 2nd tyres “SPORTRAD” and “CROSSRAD” Automotive Company’ at CNBC-TV18 Season of the KTM Cup Zetwerk Smart Manufacturing Summit 2024 9
Slide 11: Consolidated: Summary P&L
Consolidated: Summary P&L All figures in Rs. Cr Parameter Q4 FY24 Q3 FY24 Q4 FY23 QoQ YoY FY24 FY23 YoY Net Revenue from operations 2,991.9 2,963.1 2,874.8 1.0% 4.1% 11,943.5 11,314.9 5.6% Raw Material 1,726.5 1,738.5 1,721.9 -0.7% 0.3% 6,924.4 7,385.4 -6.2% Gross margin 1,265.3 1,224.6 1,152.9 3.3%
Slide 12: Standalone: Summary P&L
Standalone: Summary P&L All figures in Rs. Cr Parameter Q4 FY24 Q3 FY24 Q4 FY23 QoQ YoY FY24 FY23 YoY Net Revenue from operations 2,979.2 2,949.0 2,862.7 1.0% 4.1% 11,892.6 11,263.3 5.6% Raw Material 1,719.0 1,730.6 1,714.7 -0.7% 0.3% 6,896.0 7,355.7 -6.2% Gross margin 1,260.2 1,218.4 1,148.1 3.4% 9
Slide 13: Section 3: ESG Highlights
Section 3: ESG Highlights ORPG cat
Slide 14: ESG Highlights
ESG Highlights Sustainability Vision: Reduce carbon footprint by 50% by 2030 Key Social Initiatives ~6.8% reduction in overall tCO2e per MT of production 1 500+ farmers trained in organic and regenerative cultivation 2 Prepared and distributed 29,467 ~36% plant power through renewable sources 2 seed
Slide 15: ORPG
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