Ceat Limited · NSE:CEATLTD
Ceat — RPG Annual Investor Conference 2022
21 slides from Ceat's conference presentation, Sep 14, 2022
Slide 1: Exchange filing cover letter for investor conference
September 13, 2022 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (East), Mumbai 400 001 Mumbai 400 051 Security Code: 500878 Symbol: CEATLTD NCD symbol: CL23, CL25 CP Listed ISIN: INE482A14BD7, INE482A14BE5,
Slide 2: RPG Annual Investor Conference
hello happiness RPG Annual Investor Conference September 14, 2022 Making Mobility Safer & Smarter. Everyday
Slide 3: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 4: Overview
Overview Rs. 9,363 cr Consolidated revenue (FY22) 7.5% Consolidated EBITDA margin (FY22) 7 State of Art manufacturing facilities, adopting Industry 4.0 Deming prize winner Presence in 110+ countries, with strong brand recall 51,000+ sales touchpoints 7,600+ Permanent employees, 300+ R&D team Diversi
Slide 5: CEAT in FY26
CEAT in FY26 Leadership in 2W Leadership in PC/UV Rs. 3,500 cr International Business 4
Slide 6: Key Building Blocks
Key Building Blocks Customer Insight driven R&D 1 Sharp Brand Positioning 2 3 Widest Distribution Network 4 Digital led Customer Engagement 5 Strategic OEM Portfolio 5
Slide 7: Customer Insight driven R&D
1 Customer Insight driven R&D Multiple breakthrough products Market specific product development Puncture safe, 1 lakh km tyre, Colour tread wear etc Complete range of EU focused PC/UV tyres India’s first EV 2W, PC/UV platforms 120+ patent filings India Germany Anechoic test Winter test Centre Centr
Slide 8: Sharp Brand Positioning
2 Sharp Brand Positioning Platforms positioned around specific customer needs Association with Sports and Celebrities Highest brand connect with “grip” and “safety” 7
Slide 9: Widest Distribution Network
3 Widest Distribution Network Getting stronger 51,000+ 380+ 34 110+ Sub Dealers CEAT Exclusives Truck Service Hubs Countries Present ~2x Exclusive channel for Strengthening ~1.5x v/s FY17 v/s FY17 commercial tyres international channel Best-in-class purchase experience 8
Slide 10: Digital led Customer Engagement
4 Digital led Customer Engagement ~5% of replacement sales from Claim resolution in 15 mins Co-created dealer portal D2C channels Available across platforms; v/s 2 days in offline mode Dealer app rated 4.4 on Play Store doorstep delivery & fitment 9
Slide 11: Strategic OEM Portfolio
5 Strategic OEM Portfolio Present in all leading OEMs Recent entries in premium / new age models Indicative list Select recent launches Mahindra XUV 700 Volkswagen Virtus MG Astor Royal Enfield Yezdi Adventure Ola EV Scooter Tata ACE EV Olectra EV Bus Ashok Leyland Ecomet 50%+ share of business in E
Slide 12: Strategy in Play
Strategy in Play Ramping up international Leading in 2W Gaining in PC/UV business Replacement Replacement Export market share estimate ~28% market share estimate ~13% revenue ~Rs. 1,800 cr + 200 bps + 500 bps 2.4x ~26% ~8% ~Rs. 760 cr FY17 FY22 FY17 FY22 FY17 FY22 11
Slide 13: Capital Structure Designed to Deliver Value
Capital Structure Designed to Deliver Value ~Rs. 3,300 cr 1 • No equity dilution Internal Accruals • Debt to equity 0.7x 2 Debt 63% Equity Rs. 2,139 cr Rs. 3,281 cr • Credit rating AA • Sound working capital management Debt 37% Project Capex Outflow Capex funded significantly by internal accruals 1.
Slide 14: Geared for High Growth
Geared for High Growth Revenue Rs. 13,000 cr 1.4x Rs. 11,500 cr As volumes ramp up, well Rs. 9,363 cr poised for ..with limited Margin expansion capex RoCE improvement FY22 Full Utilisation of FY23 Full Utilisation of Expanded Capacity 1 Capacity 1 (~1,530 TPD) (~1,730 TPD) 1. Potential revenue at c
Slide 15: Sustainability Vision: Reduce Carbon Footprint by 50% by 2030
Sustainability Vision: Reduce Carbon Footprint by 50% by 2030 Key Initiatives 26% plant power ~29% reduction in 5-10% reduction in Nagpur, Chennai through water consumption rolling resistance platinum and Halol renewable sources per MT, (YoY FY22) plant gold certified 70% reduction in Green Building
Slide 16: Additional Information
Additional Information RPG | C=AT
Slide 17: Financial Trends (Consolidated)
Financial Trends (Consolidated) Rs. cr unless stated otherwise Revenue EBITDA and Margin FY17-22 CAGR - 10.2% 11.9% 10.2% 9.5% 10.9% 13.4% 7.9% 6.1% 9,363 1,019 7,610 6,985 6,779 685 741 739 6,283 638 663 5,767 2,818 171 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY23 FY17 FY18 FY19 FY20 FY21 FY22 Q1 FY23 PAT
Slide 18: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities Year of Commissioning Chennai Ambernath Nagpur Implementing Industry 4.0 across plants 17
Slide 19: Board of Directors
Board of Directors Harsh Vardhan Goenka Anant Goenka Arnab Banerjee Pierre E. Cohade Chairman, Non Executive Director Managing Director & CEO COO and Whole Time Director Non Executive, Non Independent Director Paras K. Chowdhary Atul C. Choksey Haigreve Khaitan Mahesh S. Gupta Non Executive, Non Ind
Slide 20: Leadership Team
Leadership Team Anant Goenka Kumar Subbiah Arnab Banerjee Milind Apte Saurav Mukherjee Managing Director & CEO Executive Director, Finance & CFO Chief Operating Officer Senior Vice President, Human Senior Vice President, Global Sales Resources & Supply Chain Peter Becker Renji Isaac Jayasankar Kurup
Slide 21: hello happiness
alia hello happiness RPG | C=AT