Slide 1: Investor Presentation Q2 FY24 cover letter to exchanges
ATL/ SEC/21 November 8, 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-Q2 FY24 Dear Sirs, Pursuant to Regulation
Slide 2: Earnings Presentation | Q2 FY24
Earnings Presentation | Q2 FY24
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 Q2 FY24 Financial Performance YTD FY24 Financial Performance Revenue EBITDA EBITDA Margins Revenue EBITDA EBITDA Margins INR 62,796 Mn INR 11,598 Mn 18.5% INR 125,241 Mn INR 22,113 Mn 17.7% Y-o-Y Y-o-Y Y-o-Y Y-o-Y Y-o-Y Y-o-Y +5% +63% +651 Bps +5% +58% +587 Bps Net Pr
Slide 5: Performance Summary – YTD FY24
Performance Summary – YTD FY24 Revenue Revenue Mix Consolidated – Mix Consolidated – YTD YTD FY24 FY22 Consolidated Consolidated By Region Others, Revenue EBITDA 4% ~₹125 Bn ~₹22.1 Bn (17.7%) Europe1, 28% Capacity Utilization India Europe 73% 75% APMEA, 69% Note: 1. Europe Includes operations of Rei
Slide 6: Operating Highlights – India
Operating Highlights – India Q2 FY24 Revenue (₹ Mn) • On a YoY basis, overall volumes were up, with both OEM 42,519 44,067 and replacement segment volumes growing in healthy double digits. This was partially negated by steep decline in exports. • On a QoQ basis the volumes were flattish. We saw marg
Slide 7: Operating Highlights – Europe
Operating Highlights – Europe1 Q2 FY24 Revenue (€ Mn) • PCLT market declined by ~7% (YoY), mainly on account of high channel inventory and mild winters. All season 181 continued to outperform overall market 169 • Despite sluggish demand environment gained ~10bps market share in PCLT segment (YoY). G
Slide 8: Consolidated Cash Flow & Balance Sheet Highlights
Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) Key Highlights 8 • Capex below guidance 3 • Registered free cash flow generation, helped by improvement in operating performance and judicious capex spends FY23 YTD FY24 • The gross debt during the period also came down (₹ 56bn in Mar ‘2
Slide 9: Financial Statements
Financial Statements
Slide 10: Profit & Loss (Quarterly) – Consolidated
Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q2 FY24 Q2 FY23 Q1 FY24 % Change - YoY % Change - QoQ Revenues 62,796 59,560 62,446 5% 1% Raw Material 34,121 36,406 34,319 Staff Cost 7,394 6,141 7,388 Other Costs 9,682 9,893 10,224 EBITDA 11,598 7,120 10,515 63% 10% EBITDA Margin (%) 18.
Slide 11: Profit & Loss (YTD) – Consolidated
Profit & Loss (YTD) – Consolidated Particulars (₹ Mn) YTD FY24 YTD FY23 % Change - YoY Revenues 1,25,241 1,18,980 5% Raw Material 68,441 72,246 Staff Cost 14,782 12,593 Other Costs 19,906 20,123 EBITDA 22,113 14,018 58% EBITDA Margin (%) 17.7% 11.8% Depreciation 7,222 6,923 Other Income 609 175 EBIT
Slide 12: Profit & Loss (Quarterly) – Standalone
Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q2 FY24 Q2 FY23 Q1 FY24 % Change - YoY % Change - QoQ Revenues 44,067 42,519 44,133 4% 0% Raw Material 26,515 29,901 26,690 Staff Cost 2,719 2,480 2,782 Other Costs 6,419 5,765 6,794 EBITDA 8,414 4,374 7,867 92% 7% EBITDA Margin (%) 19.1% 10.
Slide 13: Profit & Loss (YTD) – Standalone
Profit & Loss (YTD) – Standalone Particulars (₹ Mn) YTD FY24 YTD FY23 % Change - YoY Revenues 88,200 86,882 2% Raw Material 53,204 61,112 Staff Cost 5,501 5,083 Other Costs 13,214 12,024 EBITDA 16,281 8,662 88% EBITDA Margin (%) 18.5% 10.0% Depreciation 4,539 4,380 Other Income 616 480 EBIT 12,357 4
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