Apollo Tyres Limited. · NSE:APOLLOTYRE
Apollo Tyres — Q4 FY22 Earnings Presentation
14 slides from Apollo Tyres's earnings presentation, May 13, 2022
Slide 1: Exchange filing cover letter for investor presentation Q4FY22
ATL/SEC/21 May 13, 2022 The Secretary, The Secretary, BSE Ltd. National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001. Bandra (E), Mumbai - 400 051 Sub: Investor Presentation –Q4FY22 Dear Sirs, Pursuant to Regulation 30(6)
Slide 2: Earnings Presentation | Q4 FY22
Earnings Presentation | Q4 FY22
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 Q4 FY22 Financial Performance Revenue EBITDA EBITDA Margins Q4 FY22 Operational Highlights INR 55,783 Mn INR 6,264 Mn 11.2% • Strong demand momentum in Europe, although demand Y-o-Y Y-o-Y Y-o-Y environment in India was relatively subdued. 11% -23% -498 Bps • Operating
Slide 5: Performance Summary – FY22
Performance Summary – FY22 Revenue Revenue Mix Mix Consolidated– Consolidated –FY22 YTD FY22 Consolidated Consolidated By Region Others, Revenue of EBITDA of 2% ~₹209 Bn ~₹26 Bn (12.3%) Europe1, 31% Capacity Utilization India Europe APMEA, 80% 83% 67% Note: 1. Europe Includes operations of ReifenCom
Slide 6: Operating Highlights – India
Operating Highlights – India Revenue (₹ Mn) 39,880 Q4 FY22 36,296 • Quarter impacted by Covid initially and then steep commodity inflation towards the end of the quarter. • Despite difficult operating environment, timely pricing actions taken to negate commodity costs. This helped in sequential marg
Slide 7: Operating Highlights – Europe
Operating Highlights – Europe1 Q4 FY22 Revenue (€ Mn) • PCLT market grew faster than forecasted due to pricing actions. All season continued to outgrow overall market. 169 • Undertook price hikes to the extent of 4% - 7% during 135 the quarter (TBR, Agri and Industrial). • Registered further improve
Slide 8: Consolidated Cash Flow & Balance Sheet Highlights
Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 18 12 Key Highlights • Capex in line with guidance. • Marginal increase in net debt from ₹ 42bn (Mar ’21) to ₹ FY21 FY22 46bn (Mar ‘22). • Net Debt increase on account of lower cash & cash equivalents. The gross debt during the period ha
Slide 9: Financial Statements
Financial Statements
Slide 10: Profit & Loss (Quarterly) – Consolidated
Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q4 FY22 Q4 FY21 Q2 FY22 % Change - YoY % Change - QoQ Revenues 55,783 50,257 57,075 11% -2% Raw Material 1 33,608 27,585 34,271 Staff Cost 6,383 6,704 6,432 Other Costs 9,528 7,821 8,942 EBITDA 6,264 8,147 7,429 -23% -16% EBITDA Margin (%)
Slide 11: Profit & Loss (YTD) – Consolidated
Profit & Loss (YTD) – Consolidated Particulars (₹ Mn) FY22 FY21 % Change - YoY Revenues 20% 209,476 173,970 Raw Material 1 123,855 93,945 Staff Cost 25,742 25,134 Other Costs 34,137 26,917 EBITDA -8% 25,741 27,975 EBITDA Margin (%) 12.3% 16.1% Depreciation 13,997 13,150 Other Income 1,235 1,294 EBIT
Slide 12: Profit & Loss (Quarterly) – Standalone
Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q4 FY22 Q4 FY21 Q2 FY22 % Change - YoY % Change - QoQ Revenues 39,880 36,296 37,917 25% 13% Raw Material 1 27,672 22,273 26,452 Staff Cost 2,462 2,724 2,555 Other Costs 5,986 5,693 5,460 EBITDA 3,761 5,606 3,450 -32% 13% EBITDA Margin (%) 9.4
Slide 13: Profit & Loss (YTD) – Standalone
Profit & Loss (YTD) – Standalone Particulars (₹ Mn) FY22 FY21 % Change - YoY Revenues 146,494 117,334 25% Raw Material 1 99,919 69,401 Staff Cost 10,240 9,109 Other Costs 22,027 18,481 EBITDA 14,308 20,343 -30% EBITDA Margin (%) 9.8% 17.3% Depreciation 8,239 7,134 Other Income 1,269 1,215 EBIT 7,338
Slide 14: Thank you
For further details please feel free to get in touch with the IR team Ravi Shingari Group Head - Accounts and Taxation ravi.shingari@apollotyres.com Himanshu Sharma Head – IR & Budgeting himanshu.sharma1@apollotyres.com Thank you