Slide 1: Balkrishna Industries Ltd. Investor Presentation July '25
BALKRISHNA INDUSTRIES LTD. Investor Presentation July ‘25
Slide 2: Safe Harbor
Safe Harbor Investor Presentation 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 purchas
Slide 3: Performance Snapshot – Q1FY26
Performance Snapshot – Q1FY26 Investor Presentation Sales Volume Revenue 80,664 MT Rs. 2,759 cr -3% YoY +1% YoY EBITDA EBITDA Margin Rs. 655 cr 23.8% -8% YoY -228 bps YoY Net Profit Dividend* Rs. 287 cr Rs. 4/- per equity share -40% YoY All Figures on Standalone basis * 1st Interim Dividend 3
Slide 4: Sales Volume Profile
Sales Volume Profile Investor Presentation 3,15,273 3,01,181 2,92,628 80,664 FY23 FY25 FY24 Q1FY26 Sales volumes in MT All Figures on Standalone basis 4
Slide 5: Volume Profile
Volume Profile Investor Presentation Segmental Sales Channel Sales Geographical Sales 3.8% 1.5% 9.7% 25.2% 38.4% 37.3% Q1FY26 Q1FY26 Q1FY26 34.9% 58.9% 73.3% 17.0% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 5
Slide 6: Profit & Loss
Profit & Loss Investor Presentation Standalone ▪ Gross Profit margin was Particulars (Rs in Cr) impacted by lower share of Q1FY26 Q1FY25 YoY FY25 FY24 YoY Exports; India sales volumes Sales (MT) 80,664 83,570 -3% 315,273 292,628 8% accounted for ~35% of overall Revenue from Operations 2,760 2,690 10
Slide 7: Balance Sheet
Balance Sheet Investor Presentation Particulars (Rs. Cr.) Mar’25 Mar’24 Particulars (Rs. Cr.) Mar’25 Mar’24 ASSETS EQUITY AND LIABILITIES Non-current assets 10,040 9,012 EQUITY 10,384 8,862 Property, Plant and Equipment 6,834 6,204 Equity Share Capital 39 39 Capital work-in-progress 985 944 Other Eq
Slide 8: Cash Flow
Cash Flow Investor Presentation Particulars (Rs. Cr.) FY25 FY24 Operating profit before working capital changes 2,665 2,307 Changes in working capital -432 163 Cash generated from operations 2,232 2,470 Direct taxes paid (net of refund) and others -479 -418 Net Cash from Operating Activities 1,753 2
Slide 9: Resilient Business Model
Resilient Business Model Investor Presentation Gross Cash and Cash equivalents of Rs. 3,498 Cr as on 30th June, 2025 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along with Mu
Slide 10: A Leading Global Brand from INDIA
A Leading Global Brand from INDIA
Slide 11: 2.2x Revenue Growth by 2030
2.2x Revenue Growth by 2030 Investor Presentation 5 year CAGR : ~17% ~Rs. 10,600 cr ~ Rs. 23,000 cr 2025 2030 ~ Rs. 23,000 cr by FY30 ~70% ~10% ~20% OHT Segments 3rd Party sales of New Tire Carbon Black Categories for Indian Market 11
Slide 12: 2.2x Revenue Growth by 2030
2.2x Revenue Growth by 2030 Investor Presentation + = New Growth Capex for Carbon Black, Rubber Tracks and New Category Tire: Achieve 8% global market 2.2x Revenue by FY30 Rs. 3,500cr over next 3 years share in OHT segment 12
Slide 13: OHT Strategy
OHT Strategy Investor Presentation ▪ Agricultural Tires : To sustain and further ▪ The on-going capex of 35,000 MTPA along consolidate global leadership with De-bottlenecking efforts, the OHT ▪ Mining Tires: Only Indian manufacturer to tire capacity will increase to 425,000 develop All-Steel Radial
Slide 14: OHT Strategy: ~70% Revenue Contribution by FY30
OHT Strategy Investor Presentation ~70% Revenue Achieve Contribution by ~8% global FY30 market share 14
Slide 15: Expand Carbon Black capacity
Expand Carbon Black capacity Investor Presentation ▪ To capitalize on synergies with tire ▪ Expansion to be completed by early 2026. operations and leverage energy and raw Increased capacity to ensure Raw material integration, the Board of material availability, Energy circularity Directors has appr
Slide 16: Expand Carbon Black capacity: ~10% Revenue Contribution by FY30
Expand Carbon Black capacity Investor Presentation To become a ~10% Revenue preferred Contribution by supplier for FY30 Tire & Non- Tire segment 16
Slide 17: To enter New Tire verticals for India
To enter New Tire verticals for India Investor Presentation ▪ Planning a modular entry into: ▪ CV Radial tires pilot will launch in Q4FY26 ▪ Premium Passenger Car Radial Tires and will ramp up gradually ▪ Commercial Vehicles Radial Tires ▪ PCR tires pilot will follow in Q3FY27 and will ramp up gradu
Slide 18: New Tire verticals for India: ~20% Revenue Contribution by FY30
To enter New Tire verticals for India Investor Presentation ~20% Revenue Achieve ~5% Contribution by market share FY30 18
Slide 19: Competitive Advantages
Competitive Advantages Investor Presentation Sufficient land and upstream equipment in place. Also possess the talent and systems required to scale the business The Carbon Black plant generates power for tire facilities, reducing a major manufacturing cost and ensuring control over a key raw materia
Slide 20: Result of Competitive Advantages
Result of Competitive Advantages Investor Presentation Expect blended margins post full commercialization to be in the range of 23-25% allowing absolute EBITDA to grow significantly On enhanced revenue backed by a superior product mix and operational strengths, do not anticipate a significant declin
Slide 21: BKT: Growing Together
BKT: Growing Together Investor Presentation 21
Slide 22: Our Manufacturing Base
India Production and Global Sales Investor Presentation Waluj, Maharashtra Our Manufacturing Base Bhiwadi, Rajasthan India Chopanki, Rajasthan Bhuj, Gujarat Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness o
Slide 23: Serving Global OEMs
Serving Global OEMs Investor Presentation The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 23
Slide 24: Business Practices Driving Long-Term Sustainability
Business Practices Driving Long-Term Sustainability Investor Presentation Energy Efficiency Environment Waste Management ▪ To ensure energy efficiency Initiated use of ▪ Controlled emissions through ▪ Implemented disciplined waste management ‘Green Energy’ – installing 5MW windmills and electrostati
Slide 25: Ratings
Ratings Investor Presentation S&P Global ESG score: 53 (+11), Top among Indian Industry Peers CRISIL Rating: AA/Positive to AA+/Stable Crisil ESG Rating: 57 (+3), Adequate 25
Slide 26: Promoting Education, Health & Rural Development
Promoting Education, Health & Rural Development Investor Presentation 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 26
Slide 27: Well recognized International Brand
Well recognized International Brand Investor Presentation 27
Slide 28: Strengthening BKT Brand: India
Strengthening BKT Brand: India Investor Presentation Immagine che contiene persona, vestiti, uomo, aria aperta Descrizione generata automaticamente Click here for the BKT Video Ranveer Singh is the Brand Ambassador of BKT 28
Slide 29: Strengthening BKT Brand: India
Strengthening BKT Brand: India Investor Presentation Ravichandran Ashwin 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 - Senior President & Director Mr. Shogun Jain (Commercial) & CFO shogun.jain@sgapl.net msbajaj@bkt-tires.com investors@bk