Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q3 FY24 Earnings Presentation
30 slides from Balkrishna Industries's earnings presentation, January 2024
Slide 1: Balkrishna Industries Ltd. Investor Presentation
BALKRISHNA INDUSTRIES LTD. Investor Presentation January’24
Slide 2: Safe Harbor
GROWING TOGETHER Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Balkrishna Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
Slide 3: Performance Snapshot – Q3FY24
Performance Snapshot – Q3FY24 GROWING TOGETHER Sales Volume Revenue 72,749 MT Rs. 2,316 cr +9% YoY +5% YoY EBITDA EBITDA Margin Rs. 588 cr 25.4% +39% YoY +627bps YoY Net Profit Interim Dividend Rs. 309 cr Rs. 4 per equity share +210% YoY All Figures on Standalone basis 3
Slide 4: Performance Snapshot – 9MFY24
Performance Snapshot – 9MFY24 GROWING TOGETHER Sales Volume Revenue 2,10,543 MT Rs. 6,678 cr -8% YoY -14% YoY EBITDA EBITDA Margin Rs. 1,622 cr 24.3% +6% YoY +450bps YoY Net Profit Interim Dividends Rs. 957 cr Rs. 12 per equity share +16% YoY All Figures on Standalone basis 4
Slide 5: Sales Volume Profile
Sales Volume Profile GROWING TOGETHER 3,01,181 2,88,795 2,27,131 2,10,543 FY 2023 FY 2022 9MFY24 FY 2021 Sales volumes in MT All Figures on Standalone basis 5
Slide 6: Volume Profile
Volume Profile GROWING TOGETHER Segmental Sales Channel Sales Geographical Sales 3.3% 1.9% 9.5% 26.5% 37.9% 46.3% 27.6% 9MFY24 9MFY24 9MFY24 58.9% 71.6% 16.6% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 6
Slide 7: Profit & Loss
Profit & Loss GROWING TOGETHER Standalone Particulars (Rs in Cr) Q3FY24 Q3FY23 YoY 9MFY24 9MFY23 YoY FY23 Sales (MT) 72,749 66,480 +9% 2,10,543 2,28,505 -8% 3,01,181 Revenue from Operations 2,280 2,142 6,626 7,493 9,811 Realized Gain on Foreign Exchange 36 73 53 255 262 Total Income 2,316 2,215 +5%
Slide 8: Net Forex Gain/(Loss)
Net Forex Gain/(Loss) GROWING TOGETHER Particulars (Rs in Cr) Q3FY24 Q3FY23 9MFY24 9MFY23 FY23 Foreign Exchange Fluctuation on Sales 36 73 53 255 262 Foreign Exchange Fluctuation on Others 12 6 31 35 51 Total Realised Gain/(Loss) – A 49 78 83 289 313 Total Unrealized Gain/(Loss) - B -52 -166 6 -91 -
Slide 9: Balance Sheet
Balance Sheet GROWING TOGETHER Particulars (Rs. Cr.) Sep’23 Mar’23 Particulars (Rs. Cr.) Sep’23 Mar’23 ASSETS EQUITY AND LIABILITIES Non-current assets 8,768 8,385 EQUITY 8,229 7,589 Property, Plant and Equipment 5,628 5,278 Equity Share Capital 39 39 Capital work-in-progress 1,318 1,392 Other Equit
Slide 10: Resilient Business Model
GROWING TOGETHER Resilient Business Model Gross Cash and Cash equivalents of Rs. 2,552 Cr as on 31st December, 2023 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along with Mul
Slide 11: Strategy at BKT
GROWING TOGETHER Strategy at BKT 11
Slide 12: Balkrishna Industries – A Snapshot
Balkrishna Industries – A Snapshot GROWING TOGETHER 01 Leading ‘Off-Highway Tire” Exporter BKT is India’s Leading player in the Global ‘Off Highway Tire (OHT)’ Market Wide and comprehensive product portfolio 02 Deep understanding of OHT market has led to capabilities to manufacture over 3,200 SKUs C
Slide 13: India Production and Global Sales
GROWING TOGETHER India Production and Global Sales Waluj, Maharashtra Bhiwadi, Rajasthan Chopanki, Rajasthan India Our Manufacturing Base Bhuj, Gujarat Mould plant, Dombivali Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accu
Slide 14: Serving Global OEMs…
Serving Global OEMs… GROWING TOGETHER The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 15: Business Practices Driving Long-Term Sustainability
Business Practices Driving Long-Term GROWING TOGETHER Sustainability Energy Efficiency Environment Waste Management • Implemented disciplined waste management • To ensure energy efficiency Initiated use of ‘Green Energy’ – • Controlled emissions through electrostatic system for systematic collection
Slide 16: Promoting Education, Health & Rural Development
Promoting Education, Health & Rural GROWING TOGETHER Development Our Endeavour is to improve the lives of children and adults, and our mission is to ensure health with dignity to every underprivileged children and adult 16
Slide 17: BKT – A Strong Global Brand from INDIA
GROWING TOGETHER BKT – A Strong Global Brand from INDIA 17
Slide 18: Strengthening BKT Brand : Americas
GROWING TOGETHER Strengthening BKT Brand : Americas BKT is the Official and Exclusive Tire manufacturer of MONSTER JAM and its fleet of Monster Trucks – Monster Jam is a top sporting event in America 18
Slide 19: Strengthening BKT Brand : Canada
GROWING TOGETHER Strengthening BKT Brand : Canada BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup 19
Slide 20: Strengthening BKT Brand: Spain, Europe
Strengthening BKT Brand: Spain, Europe GROWING TOGETHER BKT is the Official Global Partner for the Spanish Football League “La Liga” 20
Slide 21: Strengthening BKT Brand: Italy, Europe
Strengthening BKT Brand: Italy, Europe GROWING TOGETHER BKT is the Title Sponsor for the ITALIAN SERIE ‘B’ FOOTBALL CHAMPIONSHIP – THE NEWBORN - “SERIE BKT” 21
Slide 22: Strengthening BKT Brand: France, Europe
GROWING TOGETHER Strengthening BKT Brand: France, Europe BKT is the Sponsor for the “LIGUE de Football Professionel (LFP)” in France 22
Slide 23: Strengthening BKT Brand: France, Europe
GROWING TOGETHER Strengthening BKT Brand: France, Europe BKT Is Official Tire Supplier for Rugby World Cup France 2023 23
Slide 24: Strengthening BKT Brand: EUROPE
GROWING TOGETHER Strengthening BKT Brand: EUROPE BKT is associated with United Rugby Championship 24
Slide 25: Strengthening BKT Brand : EUROPE
GROWING TOGETHER Strengthening BKT Brand : EUROPE Premium Partner of EUROLEAGUE BASKETBALL 25
Slide 26: Strengthening BKT Brand : Tractor of the year (TotY) - EUROPE
Strengthening BKT Brand : GROWING TOGETHER Tractor of the year (TotY) - EUROPE Team of expert journalists in agricultural mechanization, assign the Tractor of the Year (TotY) award to the ‘Best European Tractor’ 26
Slide 27: Strengthening BKT Brand : Australia
GROWING TOGETHER Strengthening BKT Brand : Australia BKT is the Official “OFF-HIGHWAY TIRE PARTNER” for KFC BIG BASH LEAGUE (THE AUSTRALIAN CRICKET LEAGUE) 27
Slide 28: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Official Partner of Teams in the Cricket T20 League for Season 16 The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 28
Slide 29: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Click here for the BKT Video Ranveer Singh is the Brand Ambassador of BKT 29
Slide 30: Thank You
Thank You Company Investor Relations Advisor Balkrishna Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1961PLC012185 CIN - U74140MH2010PTC204285 Mr. M S. Bajaj Mr. Shogun Jain Senior President (Commercial) & CFO shogun.jain@sgapl.net msbajaj@bkt-tires.com +91 77383 77756 www.bkt-t
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