Jk Tyre & Industries Limited · NSE:JKTYRE
Jk Tyre & Industries — Q4 FY2023 Earnings Presentation
34 slides from Jk Tyre & Industries's earnings presentation, May 18, 2023
Slide 1: Exchange filing cover letter
IlQtYFte & ,NDUSTR,ES LTD. JKT lL:SECTL:SE:2023 Date: 18tn May 2023 BSE Ltd I National Stock Exchange of lndia Ltd. Phiroze Jeejeebhoy Towers, I Exchange Plaza, C -1, Block G, Dalal Street, I Bandra -Kurla Complex, Mumbai-400001. I Bandra (E), Mumbai -400 051. Scrip Code: 530007 I Scrip Code: JKTYRE
Slide 2: Earnings Presentation – Q4FY23 & FY23
MANUFACTURING MARKETING EARNINGS PRESENTATION – Q4FY23 & FY23 Driving smartly into the future BRANDING DIGITALISATION FINANCIAL ESG
Slide 3: Business Overview
KX Business Overview €<
Slide 4: JK Tyre at a Glance
JK Tyre at a Glance Innovation at JK Tyre 40+ 22th Years of experience in tyre Ranked top tyre company ❖ Pioneer of radial technology in India and No. 1 in Truck/Bus manufacturing in the world Radial (TBR) manufacturer ❖ State-of-the-art Centralized Tech Centre at Mysore – “Raghupati Singhania Centr
Slide 5: Global Manufacturing Platforms
Global Manufacturing Platforms India Annual Capacity by Product Line – Volumes in Million Kankroli, Laksar, Rajasthan – 1 Uttarakhand – 3 14.5 2.3 7.9 3.7 4.1 Banmore, Truck and Passenger 2/3 Wheeler Others Madhya Pradesh – 1 Bus Line Radial Radial Bias Mexico Mysuru, Karnataka – 3 Chennai, Hidalgo
Slide 6: Digital Marketing Initiatives
Digital Marketing Initiatives Social Media Content Marketing Google My Business 1 Consistent Social Media Presence 2 Content Oriented Digital Marketing No.1 Tyre Brand at Social Tyre Industry Highest no. of 600+ Brand Shops listed at Media in terms of Followers views at YouTube 77Mn+ Google My Busin
Slide 7: Extensive Distribution Network and Customer Connect
Extensive Distribution Network and Customer Connect Extensive Distribution Network India Distribution Network ❖ 6,000+ Dealers ❖ 500 Distributors 64 JK Tyres Truck 626 JK Tyre Steel 69 JK Re-tread ❖ Tie up with 1260 Fleet Operators Wheels & Xpress Wheels centres ❖ Tie up with 3 Oil Marketing Compani
Slide 8: Leadership Team
Leadership Team Dr. Raghupati Singhania Chairman & Managing Director Arun K. Bajoria Anshuman Singhania Director & President - Anuj Kathuria A. K. Kinra Sanjeev Aggarwal V. K. Misra Managing Director International President - India Financial Advisor CFO Technical Director Dr. R. Mukhopadhyay A. K. M
Slide 9: Strong R&D Capabilities
Strong R&D Capabilities Technology – Global Tech Centre (RPSCOE): • Centralized Tech Center in Mysore, Karnataka with more than 200 R&D and Technology Scientist and Engineers in following facilities: HASETRI - Asia's first and India’s foremost highly versatile and State-of-the-art Tyre / Elastomer I
Slide 10: Innovative Products Gaining Traction
Innovative Products Gaining Traction TBR - JUH XF & JDH XF Puncture Guard Tyre Levitas Ultra (UHP) ✓ Fuel Saver Technology Design ✓ Self-repair multiple punctures ✓ Utmost Comfort ✓ Low RRC & Low Noise ✓ Hassle-free ride throughout life ✓ Low Cabin Noise & high durability ✓ High Mileage ✓ Better Tra
Slide 11: Product Portfolio Differentiation
Product Portfolio Differentiation Smart Tyres Green Tyres Recently acquired smart tyre technology start-up to revolutionize “Green tyre" technology increases fuel efficiency thereby conserving Indian tyre market – First in India to launch Tyre Pressure natural resources Monitoring System (TPMS) base
Slide 12: Key Customers
Key Customers Passenger Car Tractor Truck & Bus OTR 2 Wheeler 2 Wheeler – Electric 10
Slide 13: Strengthening OEM Presence
Strengthening OEM Presence Gaining OEM footprint and volumes across segments MARUTI SUZUKI SWIFT FORCE HYUNDAI CRETA, & ALCAZAR TVS APACHE DZIRE, SWIFT, WAGONR TRAVELER KIA CARENS, & SELTOS TATA INTRA TATA GOLD 11
Slide 14: EV Tyres – Future Ready
EV Tyres – Future Ready JK Tyre unveils complete range of EV-specific smart radial tyres EV Tyres range Developed a complete range of electric vehicle (EV)-specific Smart radial tyres for all categories of trucks, buses, LCVs and passenger cars in India. Ensures ultra-low Improved wet and rolling re
Slide 15: Key Marketing Initiatives
Key Marketing Initiatives LEVITAS ULTRA (UHP TYRE) - Best in class ride quality & experience - Lowest cabin noise & high cornering stability - Shortest braking distance in dry & wet conditions - Speed Rating – W and Y with 5 star fuel savings Launch of “ The Levitas Ultra (Ultra High Performance) –
Slide 16: Key Marketing Initiatives
Key Marketing Initiatives INDIAN CAR OF THE YEAR INDIAN MOTORCYCLE 2023 OF THE YEAR 2023- KIA CARENS ROYAL ENFIELD HUNTER PREMIUM CAR AWARD GREEN CAR AWARD 2023 2023 MERCEDES-BENZ EQS 580 KIA EV6 Presented 18th edition of ICOTY & IMOTY Awards 2023, most coveted awards, a platform created by JK Tyre.
Slide 17: Brand Accolades
Brand Accolades Recognised for “ET ICONIC BRANDS OF INDIA 2022” Conferred “SUPER BRANDS 2023” 15
Slide 18: Revenue Segmentation : End User Market
Revenue Segmentation : End User Market Revenue Mix by Market – FY23 Q4FY23 Exports Exports 17% 13% OEMs Consolidated OEMs Consolidated Replacement 26% Replacement 23% 60% 61% Revenue Mix by Product Line – FY23 Q4FY23 Others Others 14% 14% 2/3 Wheelers 2/3 Wheelers 4% 4% Consolidated Consolidated Tru
Slide 19: Q4FY23 & FY23 Performance Review
Q4FY23 & FY23 Performance Review
Slide 20: Q4FY23 Financial Performance Highlights
Q4FY23 Financial Performance Highlights Consolidated Standalone (Rs. Crore) y-o-y y-o-y Q4FY23 Q3FY23 Q4FY22 Q4FY23 Q3FY23 Q4FY22 change change Turnover 3,645 3,623 3,320 10% 2,404 2,488 2,170 11% EBITDA 389 349 236 65% 231 218 140 65% Margin 10.7% 9.6% 7.1% +360 bps 9.6% 8.7% 6.5% +310 bps PBDT (Ca
Slide 21: FY23 Financial Performance Highlights
FY23 Financial Performance Highlights Consolidated Standalone (Rs. Crore) FY23 FY22 % change FY23 FY22 % change Turnover 14,681 12,020 22% 9,649 8,062 20% EBITDA 1,334 1,110 20% 806 731 10% Margin 9.1% 9.2% (10) Bps 8.4% 9.1% (70) Bps PBDT (Cash Profit) 880 691 27% 549 501 10% PBT 411 309 33% 270 26
Slide 22: FY2023 Performance Highlights (Consolidated)
FY2023 Performance Highlights (Consolidated) Key Business Highlights Q4-FY23 Consolidated Financial Performance 1. Recorded high revenues of Rs.14,681 crore, driven by INR 3,645 Cr. INR 331 Cr. INR 389 Cr. Growth 10% Growth -28% Growth 65% strong domestic demand with buoyancy witnessed in OEM Revenu
Slide 23: Debt Movement and Financial Metrics position
Debt Movement and Financial Metrics position 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 6,000 6.00 5,412 Significant reduction in 4,940 5,000 5.33 5.00Net Debt in FY23 over 4,483 4,518 FY22 4.45 4,000 4.00 Net Debt to EBIDTA 3,000 3.32 3.39 3.00 FY23 - 3.39x 2.23 FY22 - 4.45x 2,000 1.61 1.68 2.00 1.29 Net Debt t
Slide 24: Growth Strategy
XK Growth Strategy
Slide 25: Strategic Priorities
Strategic Priorities Management remains fully committed to implement its strategy to further expand its market presence and gain market share Strengthen Product Market Position Increase Global Deleverage Maximizing Portfolio across Business Balance Sheet Benefits of Premiumization Segments Share Acq
Slide 26: Sustainability
KX Sustainability
Slide 27: Sustainability at JK Tyre
Sustainability at JK Tyre We strengthened our ESG initiatives around 5P’s sustainability platform Productivity (Resource Conservation) People Peace & (Safety & Partnership Wellbeing) 5Ps Sustainability* Poverty Protect (Standard of (Environment) living) * Conceptualized by JK Tyre 25
Slide 28: JK Tyre secured 'Best in Class' rating on ESG performance - CareEdge
JK Tyre secured ‘Best in Class’ rating on ESG performance - CareEdge JK Tyre’s ESG performance is driven by strong commitment and performance on majority themes to ensure ESG integration. JK Tyre ESG Score Vs. Avg. Industry Score 75 65 Industry Average Industry Best - JK Tyre Environment (80) – Long
Slide 29: Sustainability Initiatives at JK Tyre
Sustainability Initiatives at JK Tyre Sustainability initiatives & practices leading to resource conservation and manufacturing excellence Research & ▪ Usage of Bio sourced materials Development Led ▪ Higher usage of recycled material Product ▪ Continuous improvement in RRC ( Rolling Resistance Coef
Slide 30: Sustainability – Environment
Sustainability – Environment Safety – Reportable Incident (Nos.) Energy Consumption (GJ / Tonne) 27 22 17 11.24 10.70 10.26 10.36 9.50 9.38 8.95 6 5 4 4 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 All Plants awarded with “Sword of H
Slide 31: Sustainability – Operational Efficiencies
Sustainability – Operational Efficiencies Specific Power Consumption – Kwh / Kg Recognitions to our efforts 0.937 0.894 0.863 0.874 0.810 0.802 “Among the India’s top 30 Most Sustainable 0.783 companies, organized by Business World” 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Reducing Po
Slide 32: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) Livelihood More than 1 lac people benefitted through our projects, viz., skill building, SHGs, agricultural & livestock Enhancement development etc. Adult literacy programs in remote villages (over 50,000 beneficiaries), Mysuru prisoners (over 6,000), Education
Slide 33: Disclaimer
Disclaimer This presentation has been prepared by JK Tyre & Industries Limited (the “Company” or “JK Tyres”) solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distr
Slide 34: JK Tyre & Industries Ltd. contact details
&K Skerry ree TOTAL CONTROL JK TYRE & INDUSTRIES LTD. HEAD OFFICE | REGISTERED OFFICE AND WORKS 3, Bahadur Shah Zafar Marg, | Jaykaygram, PO-Tyre Factory New Dethi-110002 | Kankroli - 313 342, Rajasthan T:491-11-66001112 « F: +91-11-23322059 | T: 02952-302400/330011 « F: 02952-232018 CIN:L67120RJ195
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