Apollo Tyres Limited. · NSE:APOLLOTYRE
Apollo Tyres — Q4 FY23 Earnings Presentation
14 slides from Apollo Tyres's earnings presentation, May 10, 2023
Slide 1: Investor Presentation Q4 FY23 cover letter to exchanges
ATL/ SEC/21 May 10, 2023 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-Q4 FY23 Dear Sirs, Pursuant to Regulation 30(
Slide 2: Earnings Presentation | Q4 FY23
Earnings Presentation | Q4 FY23
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 Q4 FY23 Financial Performance Revenue EBITDA EBITDA Margins Q4 FY23 Operational Highlights INR 62,473 Mn INR 9,985 Mn 16.0% • Reported double digit growth (YoY) in consolidated top Y-o-Y Y-o-Y Y-o-Y line, helped by growth across key markets +12% +59% +475 Bps • In ter
Slide 5: Performance Summary – FY23
Performance Summary – FY23 Revenue Revenue Mix Consolidated – Mix Consolidated FY23FY22 – YTD Consolidated Consolidated By Region Others, Revenue EBITDA 4% ~₹246 Bn ~₹33 Bn (13.5%) Europe1, 29% Capacity Utilization India Europe APMEA, 76% 82% 67% Note: 1. Europe Includes operations of ReifenCom Reve
Slide 6: Operating Highlights – India
Operating Highlights – India Q4 FY23 Revenue (₹ Mn) • Saw volume growth in OEM segment (CV & Agri), while 43,662 the demand moderated in replacement segment. 39,880 Exports were sluggish. Volume growth in OEM’s helped negate decline in exports • Despite sluggish demand environment reported 9% YoY in
Slide 7: Operating Highlights – Europe
Operating Highlights – Europe1 Q4 FY23 Revenue (€ Mn) • PCLT market declined by ~13% (YoY), mainly on account of high channel inventory, mild winters and economic slowdown. All season continued to 177 outperform overall market with minimal decline 169 • Pricing environment remined stable during the
Slide 8: Consolidated Cash Flow & Balance Sheet Highlights
Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 18 Key Highlights 8 • Capex substantially lower than last year • Registered significant improvement in free cash flow, helped FY22 FY23 by improvement in operating performance and tight control over capex • Net debt decreased from ₹ 47bn
Slide 9: Financial Statements
Financial Statements
Slide 10: Profit & Loss (Quarterly) – Consolidated
Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q4 FY23 Q4 FY22 Q3 FY23 % Change - YoY % Change - QoQ Revenues 62,473 55,783 64,228 12% -3% Raw Material 35,370 33,608 38,754 Staff Cost 6,882 6,383 6,724 Other Costs 10,237 9,528 9,616 EBITDA 9,985 6,264 9,134 59% 9% EBITDA Margin (%) 16.0
Slide 11: Profit & Loss (YTD) – Consolidated
Profit & Loss (YTD) – Consolidated Particulars (₹ Mn) FY23 FY22 % Change - YoY Revenues 245,681 209,476 17% Raw Material 146,371 123,855 Staff Cost 26,199 25,742 Other Costs 39,975 34,137 EBITDA 33,137 25,741 29% EBITDA Margin (%) 13.5% 12.3% Depreciation 14,191 13,997 Other Income 411 1,235 EBIT 19
Slide 12: Profit & Loss (Quarterly) – Standalone
Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q4 FY23 Q4 FY22 Q3 FY23 % Change - YoY % Change - QoQ Revenues 43,662 39,880 42,466 9% 3% Raw Material 27,329 27,672 28,581 Staff Cost 2,678 2,462 2,498 Other Costs 6,692 5,986 5,904 EBITDA 6,964 3,761 5,483 85% 27% EBITDA Margin (%) 15.9% 9.
Slide 13: Profit & Loss (YTD) – Standalone
Profit & Loss (YTD) – Standalone Particulars (₹ Mn) FY23 FY22 % Change - YoY Revenues 173,010 146,494 18% Raw Material 117,021 99,919 Staff Cost 10,259 10,240 Other Costs 24,620 22,027 EBITDA 21,109 14,308 48% EBITDA Margin (%) 12.2% 9.8% Depreciation 9,071 8,239 Other Income 751 1,269 EBIT 12,790 7
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