Slide 1: Balkrishna Industries Ltd. Investor Presentation October'23
BALKRISHNA INDUSTRIES LTD. Investor Presentation October’23
Slide 2: Safe Harbor
GROWING TOGETHER Safe Harbor 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 purchase or
Slide 3: Performance Snapshot – Q2FY24
Performance Snapshot – Q2FY24 GROWING TOGETHER Sales Volume Revenue 70,585 MT Rs. 2,247 cr EBITDA EBITDA Margin Rs. 548 cr 24.4% Net Profit 2nd Interim Dividend Rs. 335 cr Rs. 4 per equity share All Figures on Standalone basis 3
Slide 4: Performance Snapshot – H1FY24
Performance Snapshot – H1FY24 GROWING TOGETHER Sales Volume Revenue 137,794 MT Rs. 4,362 cr EBITDA EBITDA Margin Rs. 1,035 cr 23.7% Net Profit Total Dividend (incl 2nd Interim Dividend) Rs. 648 cr Rs. 8 per equity share All Figures on Standalone basis 4
Slide 5: Management Commentary
Management Commentary GROWING TOGETHER In Q2, the Company faced challenges on account of heat waves and recessionary fears in export markets. While the inventory related challenges in international markets have normalized, the confidence levels in distribution channel is moderate, leading to a gradu
Slide 6: Sales Volume Profile
Sales Volume Profile GROWING TOGETHER 3,01,181 2,88,795 2,27,131 1,37,794 FY 2023 FY 2022 FY 2021 H1FY24 Sales volumes in MT All Figures on Standalone basis 6
Slide 7: Volume Profile
Volume Profile GROWING TOGETHER Segmental Sales Channel Sales Geographical Sales 3.3% 2.0% 9.7% 26.5% 38.5% 45.1% 28.6% H1FY24 H1FY24 H1FY24 58.2% 71.5% 16.6% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 7
Slide 8: Profit & Loss
Profit & Loss GROWING TOGETHER Standalone Particulars (Rs in Cr) Q2FY24 Q2FY23 YoY Q1FY24 QoQ FY23 Sales (MT) 70,585 78,872 -11% 67,209 5% 3,01,181 Revenue from Operations 2,226 2,704 2,120 9,811 Realized Gain on Foreign Exchange 21 102 -5 262 Total Income 2,247 2,806 -20% 2,115 6% 10,072 Raw Materi
Slide 9: Net Forex Gain/(Loss)
Net Forex Gain/(Loss) GROWING TOGETHER Particulars (Rs in Cr) Q2FY24 Q2FY23 Q1FY24 FY23 Foreign Exchange Fluctuation on Sales 21 102 -5 262 Foreign Exchange Fluctuation on Others 8 18 10 51 Total Realised Gain/(Loss) – A 30 120 5 313 Total Unrealized Gain/(Loss) - B 25 49 33 -88 Net Forex Gain/(Loss
Slide 10: Balance Sheet
Balance Sheet GROWING TOGETHER Particulars (Rs. Cr.) Sep’23 Mar’23 Particulars (Rs. Cr.) Sep’23 Mar’23 ASSETS EQUITY AND LIABILITIES Non-current assets 8,768 8,385 EQUITY 8,229 7,589 Property, Plant and Equipment 5,628 5,278 Equity Share Capital 39 39 Capital work-in-progress 1,318 1,392 Other Equit
Slide 11: Cash Flow
Cash Flow GROWING TOGETHER Particulars (Rs. Cr.) Sep’23 Mar’23 Operating profit before working capital changes 1,039 1,997 Changes in working capital 344 -244 Cash generated from operations 1,383 1,752 Direct taxes paid (net of refund) and others -162 -338 Net Cash from Operating Activities 1,221 1,
Slide 12: Resilient Business Model
GROWING TOGETHER Resilient Business Model Gross Cash and Cash equivalents of Rs. 2,283 Cr as on 30th September’23 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along with Multi
Slide 13: Strategy at BKT
GROWING TOGETHER Strategy at BKT 13
Slide 14: Balkrishna Industries – A Snapshot
Balkrishna Industries – A Snapshot GROWING TOGETHER 01 Leading ‘Off-Highway Tire” Exporter BKT is India’s Leading player in the Global ‘Off Highway Tire (OHT)’ Market Wide and comprehensive product portfolio 02 Deep understanding of OHT market has led to capabilities to manufacture over 3,200 SKUs C
Slide 15: India Production and Global Sales
GROWING TOGETHER India Production and Global Sales Waluj, Maharashtra Bhiwadi, Rajasthan Chopanki, Rajasthan India Our Manufacturing Base Bhuj, Gujarat Mould plant, Dombivali Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accu
Slide 16: Serving Global OEMs…
Serving Global OEMs… GROWING TOGETHER The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 16
Slide 17: Business Practices Driving Long-Term Sustainability
Business Practices Driving Long-Term GROWING TOGETHER Sustainability Energy Efficiency Environment Waste Management • Implemented disciplined waste management • To ensure energy efficiency Initiated use of ‘Green Energy’ – • Controlled emissions through electrostatic system for systematic collection
Slide 18: Promoting Education, Health & Rural Development
Promoting Education, Health & Rural GROWING TOGETHER Development 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 18
Slide 19: BKT – A Strong Global Brand from INDIA
GROWING TOGETHER BKT – A Strong Global Brand from INDIA 19
Slide 20: Strengthening BKT Brand : Americas
GROWING TOGETHER Strengthening BKT Brand : Americas BKT is the Official and Exclusive Tire manufacturer of MONSTER JAM and its fleet of Monster Trucks – Monster Jam is a top sporting event in America 20
Slide 21: Strengthening BKT Brand : Canada
GROWING TOGETHER Strengthening BKT Brand : Canada BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup 21
Slide 22: Strengthening BKT Brand: Spain, Europe
Strengthening BKT Brand: Spain, Europe GROWING TOGETHER BKT is the Official Global Partner for the Spanish Football League “La Liga” 22
Slide 23: Strengthening BKT Brand: Italy, Europe
Strengthening BKT Brand: Italy, Europe GROWING TOGETHER BKT is the Title Sponsor for the ITALIAN SERIE ‘B’ FOOTBALL CHAMPIONSHIP – THE NEWBORN - “SERIE BKT” 23
Slide 24: Strengthening BKT Brand: France, Europe
GROWING TOGETHER Strengthening BKT Brand: France, Europe BKT is the Sponsor for the “LIGUE de Football Professionel (LFP)” in France 24
Slide 25: Strengthening BKT Brand: France, Europe
GROWING TOGETHER Strengthening BKT Brand: France, Europe BKT Is Official Tire Supplier for Rugby World Cup France 2023 25
Slide 26: Strengthening BKT Brand: EUROPE
GROWING TOGETHER Strengthening BKT Brand: EUROPE BKT is associated with United Rugby Championship 26
Slide 27: Strengthening BKT Brand : EUROPE
GROWING TOGETHER Strengthening BKT Brand : EUROPE Premium Partner of EUROLEAGUE BASKETBALL 27
Slide 28: Strengthening BKT Brand : Tractor of the year (TotY) - EUROPE
Strengthening BKT Brand : GROWING TOGETHER Tractor of the year (TotY) - EUROPE Team of expert journalists in agricultural mechanization, assign the Tractor of the Year (TotY) award to the ‘Best European Tractor’ 28
Slide 29: Strengthening BKT Brand : Australia
GROWING TOGETHER Strengthening BKT Brand : Australia BKT is the Official “OFF-HIGHWAY TIRE PARTNER” for KFC BIG BASH LEAGUE (THE AUSTRALIAN CRICKET LEAGUE) 29
Slide 30: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Official Partner of Teams in the Cricket T20 League for Season 16 The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 30
Slide 31: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Click here for the BKT Video Ranveer Singh is the Brand Ambassador of BKT 31
Slide 32: Thank You
Thank You Company Investor Relations Advisor Balkrishna Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1961PLC012185 CIN - U74140MH2010PTC204285 Mr. M S. Bajaj Mr. Shogun Jain Senior President (Commercial) & CFO shogun.jain@sgapl.net msbajaj@bkt-tires.com +91 77383 77756 www.bkt-t