Slide 1: Exchange filing cover letter – Investor Presentation Q3 FY23
ATL/ SEC/21 February 6, 2023 The Secretary, The Secretary, National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400001. Mumbai - 400 051 Sub: Investor Presentation-Q3 FY23 Dear Sirs, Pursuant to Regulation
Slide 2: Earnings Presentation | Q3 FY23
Earnings Presentation | Q3 FY23
Slide 3: Disclaimer
Disclaimer These materials have been prepared by Apollo Tyres Limited together with its subsidiaries (the “Company”), are for informational purposes only and do not constitute a prospectus or an offer document, or form part of an offer, solicitation or invitation of any offer to purchase or subscrib
Slide 4: Consolidated Financial Snapshot
Consolidated Financial Snapshot Q3 FY23 Financial Performance Revenue EBITDA EBITDA Margins Q3 FY23 Operational Highlights INR 64,228 Mn INR 9,134 Mn 14.2% • Reported double digit growth (YoY) in Consolidated top Y-o-Y Y-o-Y Y-o-Y line and EBITDA, despite challenging environment +13% +23% +120 Bps •
Slide 5: Performance Summary – YTD FY23
Performance Summary – YTD FY23 Revenue Revenue Mix Mix Consolidated– Consolidated –YTD YTDFY23 FY22 Consolidated Consolidated By Region Others, Revenue of EBITDA of 4% ~₹183 Bn ~₹23 Bn (12.6%) Europe1, 29% Capacity Utilization India Europe APMEA, 75% 87% 67% Note: 1. Europe Includes operations of Re
Slide 6: Operating Highlights – India
Operating Highlights – India Revenue (₹ Mn) Q3 FY23 42,466 • Saw demand revival in OEM segment (CV & PCR), 37,917 while the demand moderated in replacement segment • Despite sluggish demand environment reported 12% YoY increase in topline, driven by price and mix • Pricing environment remained stabl
Slide 7: Operating Highlights – Europe
Operating Highlights – Europe1 Q3 FY23 Revenue (€ Mn) • PCLT market declined by ~14% (YoY), mainly on account of high channel inventory, mild winters and economic slowdown. All season continued to 180 outperform overall market with lowest decline 167 • Pricing environment rained stable during the qu
Slide 8: Consolidated Cash Flow & Balance Sheet Highlights
Consolidated Cash Flow & Balance Sheet Highlights 18 Capex (₹ Bn) Key Highlights • Capex in line with guidance. 4 • Net debt decreased from ₹ 55bn (Sept ’22) to ₹ 48bn (Dec FY22 6M FY23 ‘22). • Net Debt decrease on account of lower debt and slight increase in cash and cash equivalents. The gross deb
Slide 9: Financial Statements
Financial Statements
Slide 10: Profit & Loss (Quarterly) – Consolidated
Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q3 FY23 Q3 FY22 Q2 FY23 % Change - YoY % Change - QoQ Revenues 64,228 57,075 59,560 13% 8% Raw Material 38,754 34,271 36,406 Staff Cost 6,724 6,432 6,141 Other Costs 9,616 8,942 9,893 EBITDA 9,134 7,429 7,120 23% 28% EBITDA Margin (%) 14.2%
Slide 11: Profit & Loss (YTD) – Consolidated
Profit & Loss (YTD) – Consolidated Particulars (₹ Mn) YTD FY23 YTD FY22 % Change - YoY Revenues 1,83,208 1,53,693 19% Raw Material 1,11,001 90,247 Staff Cost 19,317 19,359 Other Costs 29,738 24,609 EBITDA 23,152 19,477 19% EBITDA Margin (%) 12.6% 12.7% Depreciation 10,467 10,243 Other Income 242 863
Slide 12: Profit & Loss (Quarterly) – Standalone
Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q3 FY23 Q3 FY22 Q2 FY23 % Change - YoY % Change - QoQ Revenues 42,466 37,917 42,519 12% 0% Raw Material 28,581 26,452 29,901 Staff Cost 2,498 2,555 2,480 Other Costs 5,904 5,460 5,765 EBITDA 5,483 3,450 4,374 59% 25% EBITDA Margin (%) 12.9% 9
Slide 13: Profit & Loss (YTD) – Standalone
Profit & Loss (YTD) – Standalone Particulars (₹ Mn) YTD FY23 YTD FY22 % Change - YoY Revenues 1,29,348 1,06,614 21% Raw Material 89,693 72,248 Staff Cost 7,581 7,778 Other Costs 17,929 16,041 EBITDA 14,145 10,547 34% EBITDA Margin (%) 10.9% 9.9% Depreciation 6,649 5,901 Other Income 579 886 EBIT 8,0
Slide 14: Thank you
For further details please feel free to get in touch with the IR team Himanshu Sharma Head – IR & Budgeting himanshu.sharma1@apollotyres.com Thank you