Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q1 FY2024 Earnings Presentation
29 slides from Balkrishna Industries's earnings presentation, August 2023
Slide 1: Balkrishna Industries Ltd. Investor Presentation Aug'23
BALKRISHNA INDUSTRIES LTD. Investor Presentation Aug’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 – Q1FY24
Performance Snapshot – Q1FY24 GROWING TOGETHER Sales Volume Revenue EBITDA 67,209 Rs. 2,115 cr Rs. 487 cr -19% YoY -22% YoY -11% YoY EBITDA Margin Net Profit Dividend 23.0% Rs. 312 cr Rs. 4 per equity share +295bps YoY -2% YoY All Figures on Standalone basis 3
Slide 4: Management Commentary
Management Commentary GROWING TOGETHER Towards the end of June, the Company faced disruptions on account of Biparjoy cyclone in the state of Gujarat. The operations of the Bhuj plant were suspended from late evening of 13th June and while operations resumed on 19th June 2023, it led to a loss of ~5
Slide 5: Sales Volume Profile
Sales Volume Profile GROWING TOGETHER 3,01,181 2,88,795 2,27,131 67,209 FY 2023 FY 2022 FY 2021 Q1FY24 Sales volumes in MT All Figures on Standalone basis 5
Slide 6: Volume Profile
Volume Profile GROWING TOGETHER Segmental Sales Channel Sales Geographical Sales 3.7% 2.3% 8.6% 26.0% 37.8% 44.8% 31.3% Q1FY24 Q1FY24 Q1FY24 58.5% 71.8% 15.3% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 6
Slide 7: Profit & Loss
Profit & Loss GROWING TOGETHER Standalone Particulars (Rs in Cr) Q1FY24 Q1FY23 YoY FY23 Sales (MT) 67,209 83,153 -19% 301,181 Revenue from Operations 2,120 2,646 9,811 Realized Gain on Foreign Exchange -5 80 262 Total Income 2,115 2,726 -22% 10,072 Raw Material 1,058 1,400 4,909 (Increase) / Decreas
Slide 8: Net Forex Gain/(Loss)
Net Forex Gain/(Loss) GROWING TOGETHER Particulars (Rs in Cr) Q1FY24 Q1FY23 FY23 Foreign Exchange Fluctuation on Sales -5 80 262 Foreign Exchange Fluctuation on Others 10 11 51 Total Realised Gain/(Loss) – A 5 91 313 Total Unrealized Gain/(Loss) - B 33 26 -88 Net Forex Gain/(Loss) = A + B 38 117 224
Slide 9: Resilient Business Model
GROWING TOGETHER Resilient Business Model Gross Cash and Cash equivalents of Rs. 2,245 Cr as on 30th June, 2023 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along with Multipl
Slide 10: Strategy at BKT
GROWING TOGETHER Strategy at BKT 10
Slide 11: 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 12: 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 13: 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 13
Slide 14: 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 15: 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 15
Slide 16: BKT – A Strong Global Brand from INDIA
GROWING TOGETHER BKT – A Strong Global Brand from INDIA 16
Slide 17: 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 17
Slide 18: Strengthening BKT Brand : Canada
GROWING TOGETHER Strengthening BKT Brand : Canada BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup 18
Slide 19: 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” 19
Slide 20: 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” 20
Slide 21: 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 21
Slide 22: Strengthening BKT Brand: France, Europe
GROWING TOGETHER Strengthening BKT Brand: France, Europe BKT Is Official Tire Supplier for Rugby World Cup France 2023 22
Slide 23: Strengthening BKT Brand: EUROPE
GROWING TOGETHER Strengthening BKT Brand: EUROPE BKT is associated with United Rugby Championship 23
Slide 24: Strengthening BKT Brand : EUROPE
GROWING TOGETHER Strengthening BKT Brand : EUROPE Premium Partner of EUROLEAGUE BASKETBALL 24
Slide 25: 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’ 25
Slide 26: 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) 26
Slide 27: 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 27
Slide 28: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Click here for the BKT Video Ranveer Singh is the Brand Ambassador of BKT 28
Slide 29: 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
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