Slide 1: Exchange filing cover letter: Investor Presentation Q3 FY24
ATL/ SEC/21 February 8, 2024 The Secretary, The Secretary, National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400001. Mumbai - 400 051 Sub: Investor Presentation-Q3 FY24 Dear Sirs, Pursuant to Regulation
Slide 2: Earnings Presentation | Q3 FY24
Earnings Presentation | Q3 FY24
Slide 3: Disclaimer
Disclaimer These materials have been prepared by Apollo Tyres Limited together with its subsidiaries (the “Company”), are for informational purposes only and do not constitute a prospectus or an offer document, or form part of an offer, solicitation or invitation of any offer to purchase or subscrib
Slide 4: Consolidated Financial Snapshot
Consolidated Financial Snapshot Q3 FY24 Financial Performance YTD FY24 Financial Performance Revenue EBITDA EBITDA Margins Revenue EBITDA EBITDA Margins INR 65,954 Mn INR 12,081 Mn 18.3% INR 191,195 Mn INR 34,194 Mn 17.9% Y-o-Y Y-o-Y Y-o-Y Y-o-Y Y-o-Y Y-o-Y +3% +32% +410 Bps +4% +48% +525 Bps Net Pr
Slide 5: Performance Summary – YTD FY24
Performance Summary – YTD FY24 Revenue Revenue Mix Consolidated – Mix Consolidated – YTD YTD FY24 FY22 Consolidated Consolidated By Region Others, Revenue EBITDA 4% ~₹191 Bn ~₹34.2 Bn (17.9%) Europe1, 30% Capacity Utilization India Europe APMEA, 75% 75% 67% Note: 1. Europe Includes operations of Rei
Slide 6: Operating Highlights – India
Operating Highlights – India Q3 FY24 Revenue (₹ Mn) • On a YoY basis, overall volumes were up, with 42,466 43,319 replacement & export segment volumes growing in mid- high single digits. OEM volumes were largely flattish. • On a QoQ basis the volumes were flattish. We saw marginal improvement in exp
Slide 7: Operating Highlights – Europe
Operating Highlights – Europe1 Q3 FY24 Revenue (€ Mn) • During the quarter, while PCT industry volumes were flattish. All season (PCT) continued to outperform overall market with double digit volume growth (YoY). 180 176 • Despite challenging demand environment gained market share (YoY) across key p
Slide 8: Consolidated Cash Flow & Balance Sheet Highlights
Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) Key Highlights 8 • Capex below guidance 5 • Registered free cash flow generation, helped by improvement in operating performance and judicious capex spends FY23 YTD FY24 • The gross debt during the period also came down (₹ 56bn in Mar ‘2
Slide 9: Financial Statements
Financial Statements
Slide 10: Profit & Loss (Quarterly) – Consolidated
Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q3 FY24 Q3 FY23 Q2 FY24 % Change - YoY % Change - QoQ Revenues 65,954 64,228 62,796 3% 5% Raw Material 35,192 38,754 34,096 Staff Cost 7,669 6,724 7,296 Other Costs 11,012 9,616 9,806 EBITDA 12,081 9,134 11,598 32% 4% EBITDA Margin (%) 18.3
Slide 11: Profit & Loss (YTD) – Consolidated
Profit & Loss (YTD) – Consolidated Particulars (₹ Mn) YTD FY24 YTD FY23 % Change - YoY Revenues 191,195 183,208 4% Raw Material 103,607 111,001 Staff Cost 22,352 19,317 Other Costs 31,042 29,738 EBITDA 34,194 23,152 48% EBITDA Margin (%) 17.9% 12.6% Depreciation 10,898 10,467 Other Income 793 242 EB
Slide 12: Profit & Loss (Quarterly) – Standalone
Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q3 FY24 Q3 FY23 Q2 FY24 % Change - YoY % Change - QoQ Revenues 43,319 42,466 44,067 2% -2% Raw Material 25,620 28,581 26,515 Staff Cost 2,831 2,498 2,719 Other Costs 7,028 5,904 6,419 EBITDA 7,840 5,483 8,414 43% -7% EBITDA Margin (%) 18.1% 1
Slide 13: Profit & Loss (YTD) – Standalone
Profit & Loss (YTD) – Standalone Particulars (₹ Mn) YTD FY24 YTD FY23 % Change - YoY Revenues 131,519 129,348 2% Raw Material 78,824 89,693 Staff Cost 8,332 7,581 Other Costs 20,241 17,929 EBITDA 24,121 14,145 71% EBITDA Margin (%) 18.3% 10.9% Depreciation 6,818 6,649 Other Income 742 579 EBIT 18,04
Slide 14: Thank you
For further details please feel free to get in touch with the IR team Himanshu Sharma Head – IR & Budgeting himanshu.sharma1@apollotyres.com Thank you