Slide 1: Q2 FY21 – Investor Presentation
An Group Company Q2 FY21 – Investor Presentation | 27th October 2020
Slide 2: 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 3: Table of Contents
Table of Contents Section 1: RPG Group Overview 4-6 Section 2: Business Overview 7-18 Section 3: Operational & Financial Overview 19-27
Slide 4: Section 1: RPG Group Overview
Section 1: RPG Group Overview
Slide 5: RPG Group: Powered by Passion, Driven by Ethics
RPG Group: Powered by Passion, Driven by Ethics RPG Enterprises was founded in 1979. The group currently operates in various UNLEASHTALENT industries - Infrastructure, Technology, Life Sciences, Plantations and Tyre Manufacturing. The group has a history of business dating back to 1820 AD in TOUCHLI
Slide 6: RPG Group: Key Financials
RPG Group: Key Financials FY16-20 Gross Total Income (Rs Cr.) FY15-19 CAGR: EBITDA PAT CAGR: 7.6% EBITDA 6.5% PAT 6.0% 2,594 2,423 23,833 24,682 2,218 2,014 2,045 21,766 19,271 20,052 1,031 1,099 1,111 879 980 FY16 FY17 FY18 FY19 FY20 FY16 FY17 FY18 FY19 FY20 Market Cap Net Worth ROE ROCE 8,441 25,0
Slide 7: Section 2: Business Overview
Section Section2:4:Business BusinessOverview Overview
Slide 8: Board of Directors
Board of Directors Harsh Vardhan Goenka Anant Goenka Arnab Banerjee Atul C. Choksey Chairman, Non Executive Director Managing Director COO and Whole Time Director Non Executive Independent Director Pierre E. Cohade Haigreve Khaitan Mahesh S. Gupta Paras K. Chowdhary Non Executive Non Executive Non E
Slide 9: Leadership Team
Leadership Team Anant Goenka Kumar Subbiah Arnab Banerjee Milind Apte Senior Vice President Managing Director Chief Financial Officer Chief Operating Officer – Human Resources Dilip Modak Vijay Gambhire Saurav Mukherjee Peter Becker Senior Vice President Chief Executive – CEAT Specialty, Senior Vice
Slide 10: Overview
Overview India’s leading tyre company with over 50 yrs of presence Distribution Network : 3,400+ dealers, 300+ exclusive CEAT franchisees 7 Manufacturing facilities - Bhandup, Nasik, Halol, Nagpur, Ambernath, Chennai & Sri Lanka 100+ countries where products are sold with strong brand recall #No 1 p
Slide 11: Strategy
Strategy Differentiated Product OEM Relationships Strong Brand World Class R&D Extensive Distribution Global Reach 11
Slide 12: Differentiated Products
1 Differentiated Products Strengthening OEM Relationships Key developments ▪ Focus on OEM, recent entries in new models – Honda CB Shine SP (BSVI), Hero MotoCorp Splendor iSmart (BSVI), Hero MotoCorp HF Deluxe (BSVI), Hero Dare 125, Hero Duet E, Maruti Suzuki Alto VXI+, Hero Glammer Refresh, Mahindr
Slide 13: Strong Brand
2 Strong Brand Continued association with IPL Amir Khan appointed as CEAT’s Brand Ambassador CEAT extended its partnership with Torino Football Club – one of the most historic and Proud association with prestigious clubs in Italian The Kapil Sharma Show football co-powered by CEAT 13
Slide 14: Extensive Distribution
3 Extensive Distribution CEAT Shoppe Shop in Shop (SIS) Multi Brand Outlet CEAT Bike Shoppe 3400+ 275+ 600+ Dealers & 2W Distributors Districts Channel Partners 300+ 35,000+ 400+ CEAT Franchisees Sub-dealers MBO / SIS 14
Slide 15: Deep OEM Partnerships
4 Deep OEM Partnerships TATA Motors Ashok Leyland VECV Escorts AMW TAFE Mahindra Daimler Eicher SML Isuzu JBM Group Maruti Suzuki TATA Motors Mahindra Renault Hyundai KIA Force Motors Datsun Skoda Peugeot Volkswagen Morris Garage Honda Royal Enfield Bajaj Yamaha Suzuki Hero Hero Electric Piaggio LML
Slide 16: World Class R&D
5 World Class R&D State-of-the-Art R&D Center, Halol R&D Office, Germany ▪ Significant investment on tyre testing infrastructure like Anechoic Chamber, Flat Track Test Machine ▪ Focus on upcoming technologies like Electric Vehicle, Sustainability and Smart Tyres 16
Slide 17: Expanding Global Reach
6 Expanding Global Reach Key Export Clusters Emerging markets ▪ Exports to 90+ Countries in 7 Europe Cluster clusters US Cluster ▪ Sri Lanka: Manufacturing facility and Leadership position Middle East in the market and with 50+% Cluster market share Far East 1 Cluster Far East 2 Cluster ▪ Focused pr
Slide 18: Section 3: Operational & Financial Overview
Section Section3:5:Operational Operational&&Financial Financial Overview Overview
Slide 19: Q2 FY21 Operational Highlights
Q2 FY21 Operational Highlights Commissioned Phase II of Nagpur plant Launches on CEAT Mahindra Thar and Mahindra Perak launched on CEAT 19
Slide 20: Consolidated: Q2 FY21 Financial Highlights
Consolidated: Q2 FY21 Financial Highlights Q2 FY21 v/s Q1 FY21 (Q-o-Q) Q2 FY21 v/s Q2 FY20 (Y-o-Y) ▪ Net revenue from operations grew by 76.6% to INR 1,978 ▪ Net revenue from operations grew by 17.0% at INR 1,978 Crs from INR 1,120 Crs Crs from INR 1,692 Crs ▪ Gross margin expanded to 46.5% from 40.
Slide 21: Consolidated: Financial Trends – Revenue growth
Consolidated: Financial Trends Revenue growth 6,985 6,779 6,283 5,722 5,447 Net Sales (Rs Cr) 3,099 FY16 FY17 FY18 FY19 FY20 H1 FY21 14.9% 16.0% Margin trends 14.0% 12.0% 10.2% 809 741 13.3% 12.0% 685 663 10.0% EBITDA (Rs 638 10.9% Cr) 9.5% 8.0% EBITDA to 6.0% 411 4.0% Net Sales % 2.0% 0.0% Note FY1
Slide 22: Consolidated: Financial Trends – PAT trends
Consolidated: Financial Trends 500 8.0% 9.0% 450 8.0% 400 6.3% 7.0% 350 PAT trends 300 4.7% 6.0% PAT (Rs Cr) 3.6% 3.4% 5.0% 250 3.7% 438 4.0% PAT to Net 200 150 361 3.0% 100 233 251 230 2.0% Sales% 50 147 1.0% - 0.0% FY16 FY17 FY18 FY19 FY20 H1 FY21 Notes All figures are per IND AS 22
Slide 23: Consolidated: Q2 FY21 Financials
Consolidated: Q2 FY21 Financials All figures in INR Cr Parameter Q2 FY20 Q1 FY21 Q2 FY21 QoQ YoY H1 FY20 H1 FY21 YoY Net Revenue from operations 1,691.6 1,120.2 1,978.5 77% 17% 3,443.7 3,098.6 -10% Raw Material 995.6 669.3 1,059.2 58% 6% 2,055.2 1,728.4 -16% Gross margin 695.9 450.9 919.3 104% 32% 1
Slide 24: Consolidated: Leverage / Coverage Profile
Consolidated: Leverage / coverage Profile Total Debt (INR Cr) 663 924 872 1498 1929 1807 200 0 180 0 1693 LT Debt (Rs Cr) 160 0 1639 Debt breakup 1274 140 0 120 0 100 0 ST Debt (Rs Cr) 800 866 0.66 0.59 676 0.54 0.38 600 630 0.32 0.33 400 D/E 34 200 58 196 224 236 168 0 FY 16 FY 17 FY18 FY19 FY20 H1
Slide 25: Standalone: Q2 FY21 Financials
Standalone: Q2 FY21 Financials All figures in INR Cr Parameter Q2 FY20 Q1 FY21 Q2 FY21 QoQ YoY H1 FY20 H1 FY21 YoY Net Revenue from operations 1,687.3 1,116.2 1,965.1 76% 16% 3,432.9 3,081.3 -10% Raw Material 996.0 669.6 1,049.3 57% 5% 2,057.3 1,718.9 -16% Gross margin 691.2 446.5 915.9 105% 33% 1,3
Slide 26: Equity Shareholding & Price trends
Equity Shareholding & Price trends Share Price (INR) Total Volume 1,200 2,000,000 1,000 1,500,000 800 600 1,000,000 400 500,000 200 - - Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Source : Stock Exchange. The above data is updated till 30th September 2020 Shareholding Pattern as o
Slide 27: 800006
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