Tolins Tyres Limited · NSE:TOLINS
Tolins Tyres — Q2 & H1 FY25 Earnings Presentation
38 slides from Tolins Tyres's earnings presentation, Nov 14, 2024
Slide 1: Tolins Tyres Limited
TOLINS TYRES LIMITED (formerly known as Tolins Tyres Private Limited) Safer- Stronger - Lives Longer Date: 14.11.2024 BSE Limited National Stock Exchange of India Ltd Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G Dalal Street, Fort Bandra Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 4
Slide 2: Result Update Presentation Q2 & H1 FY25 Performance
RESULT UPDATE PRESENTATION Q2 & H1 FY25 PERFORMANCE November 2024
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Tolins Tyres Limited, solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of su
Slide 4: Index
Index Quarterly & Half Yearly Company Overview Business Overview Performance Consolidated Financials Industry Overview & Way Forward
Slide 5: Quarterly & Half Yearly Performance
Quarterly & Half Yearly Performance
Slide 6: Management Comment
Management Comment “I am happy to share that the H1 FY25 performance was in line with our expectations. Our revenue from operations grew by 74% year on year, on the back of increased demand from our customers and growth from our OEM business. During this period, we also launched three new tyre model
Slide 7: Q2 & H1 FY25 Financial Highlights
Q2 & H1 FY25 Financial Highlights Revenues (Rs. Cr.) EBITDA & EBITDA Margin % 15.25 30.04 76.88 153.18 21.79 13.18 46.81 88.02 28.15% 19.83% 24.76% 19.61% Q2FY24 Q2FY25 H1FY24 H1FY25 Q2FY24 Q2FY25 H1FY24 H1FY25 PAT & PAT Margin % EPS (Rs.) 9.60 18.51 3.20 6.14 2.87 12.62 4.34 8.46 18.07% 14.33% 12.0
Slide 8: Quarterly Income Statement
Quarterly Income Statement Particulars (Rs. Cr.) Q2 FY25 Q2 FY24 YoY Q1 FY25 Revenue from Operations 76.88 46.81 76.30 Other Income 0.10 0.04 0.04 Total Revenue 76.99 46.85 64.32% 76.34 Raw Materials 56.70 29.70 55.81 Employee Cost 2.06 1.39 2.84 Other Cost 2.88 2.55 2.86 Total Expenditure 61.64 33.
Slide 9: Half-Yearly Income Statement
Half-Yearly Income Statement Particulars (Rs. Cr.) H1 FY25 H1 FY24 YoY FY24 Revenue from Operations 153.18 88.02 227.22 Other Income 0.15 0.29 1.48 Total Revenue 153.33 88.31 73.63% 228.69 Raw Materials 112.52 57.76 164.14 Employee Cost 4.90 2.68 6.89 Other Cost 5.73 5.79 9.81 Total Expenditure 123.
Slide 10: Consolidated Balance Statement
Consolidated Balance Statement As on Sept As on Sept, As on Sept As on Sept, Particulars (Rs. Cr.) Particulars (Rs. Cr.) 30, 2024 30, 2023 30, 2024 30, 2023 Shareholders Funds(a) 298.20 72.67 Non Current Assets (a) 65.11 48.09 Equity Share Capital 19.75 5.00 Property Plant & Equipment 29.05 24.60 -
Slide 11: Capacity Build Up
Capacity Build Up Tolins Tyres Limited (Standalone) Tyres PCTR 11,286 11,286 11,286 75.62% 15,08,400 15,08,400 47.82% 27.62% 31.68% 16.88% 24.00% 3,00,000 FY22 FY23 FY24 FY22 FY23 FY24 Capacity (In Numbers) Utilization (%) Capacity (In Tonnes) Utilization (%) Tolins Tyres LLC (Wholly owned Foreign S
Slide 12: Sales Mix
Sales Mix PCTR (in tons) Tyres (in numbers) 3,522 3,16,731 2,731 2,68,416 2,515 2,353 2,42,157 2,155 2,21,292 1,89,021 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 Bonding Gum (in tons) Flap (in numbers) 527 2,39,554 321 282 297 226 62,628 48,765 36,368 26,069 FY21 FY22 FY23 FY24 H1FY25 FY2
Slide 13: Sales Mix
Sales Mix Geographical Revenue Split Top 10 Customer Operational Revenue Split Dependence 94.70% 82.89% 86.59% 86.03% 88.19% 52.42% 79.03% 83.00% 75.74% 75.25% 70.48% 42.69% 26.83% 24.18% 20.13% 29.52% 24.26% 24.75% 20.97% 17.00% 17.11% 13.41% 13.97% 11.81% 5.30% FY21 FY22 FY23 FY24 H1FY25 FY21 FY22
Slide 14: Company Overview
Company Overview
Slide 15: Facts and Figures
Facts and Figures ▪ Manufacturing Precured Tread Rubber (PCTR) and Tyres for Light Commercial Vehicles, Agricultural vehicles, and two/three- wheelers under ‘Tolins Tyres’ Brand ▪ Backward integration - manufacturing Bonding Gum, Vulcanizing Solutions, Tyre Flaps and Tubes. ▪ Presence across India w
Slide 16: Timeline and Key Milestones
Timeline and Key Milestones 1982 2005 2010 2015 2017 2023 Tread Rubber Commenced Tolins doubling its Started Secured Bureau of Acquired two wholly manufacturing Unit Production and tyre production manufacturing of Indian Standards own subsidiaries, was founded by Sale of Precured capacity in 2010 ty
Slide 17: Management - Board of Directors
Management - Board of Directors Dr. Kalamparambil Varkey Tolin, Jerin Tolin, Sankarakrishnan Ramalingam, 54, is the Promoter, Chairman, and aged 46 years, is the Promoter, Non- 63, is the Non-Executive and Non Independent Managing Director of the company, having Executive and Non Independent Directo
Slide 18: Management - Board of Directors
Management - Board of Directors Dr Joseph P M Sankar Parameswara Panicker Cris Anna Sojan • Joseph P M, aged 50 years, is an • Sankar Parameswara Panicker, aged 53 • Cris Anna Sojan, aged 31 years, is an Independent Director of our years, is an Independent Director of our Independent Director of our
Slide 19: Manufacturing Facilities
Manufacturing Facilities Capability to provide end- 2 in Kalady, Kerala 3 spread across 2,21,214 sq. ft. to-end manufacturing of rubber and rubber related 1 in Ras Al Khaimah, Manufacturing Facilities with land area ~ 13.67 products, upgrading and UAE acres modifying assets and equipment. Kerala Pla
Slide 20: Manufacturing Facilities
Manufacturing Facilities
Slide 21: Business Overview
Business Overview
Slide 22: Product Portfolio
Product Portfolio Tyre Retreading Tyres Precured tread Rubber (PCTR) Light Off the Road/ Two Wheeler Commercial Agriculture & Three Vehicle Tyres Tyres Wheeler Tyres (LCV Tyres) (OTR Tyres) Conventional Tread Rubber Note: These images are illustrative in nature
Slide 23: Product Portfolio
Product Portfolio Ancillary Products Bonding Gum Vulcanizing Solution Rope Rubber & others Note: These images are illustrative in nature
Slide 24: Key Strengths
Key Strengths Quality of Products Integrated manufacturing Experienced and Dedicated Quality as key driver of organizational operations Management Team growth. Certifications from U.S. coupled with in-house products and Dr. KV Tolin, our Chairman and Department of Transportation for process design c
Slide 25: Consolidated Annual Financials
Consolidated Annual Financials
Slide 26: Annual Performance
Annual Performance Revenue (Amount in Rs. Cr.) EBIDTA & PAT (Amount in Rs. Cr.) 227.22 EBIDTA PAT 46.37 113.37 118.25 26.01 12.26 6.10 0.63 4.99 FY22 (Standalone) FY23 (Standalone) FY24 (Consolidated) FY22 (Standalone) FY23 (Standalone) FY24 (Consolidated) Operational Margins (%) Financial Margins (
Slide 27: Annual Income Statement
Annual Income Statement Particulars (Rs. Cr.) FY24 FY23 YoY Revenue from Operations 227.22 118.25 192.16% Other Income 1.48 1.43 Total Operational Revenue 228.69 119.68 Cost of Raw Materials 175.91 100.76 Purchase of Stock In Trade 0.00 0.00 Changes in Inventories of Finished Goods, WIP & Stock in T
Slide 28: Annual Balance Statement
Annual Balance Statement As on March As on March As on March As on March Particulars (Rs. Cr.) Particulars (Rs. Cr.) 31,2024 31, 2023 31,2024 31, 2023 Shareholders Funds(a) 100.53 19.42 Non Current Assets (a) 61.96 19.77 Equity Share Capital 15.33 5 Property Plant & Equipment 29.49 19.17 Instrument
Slide 29: Industry Overview And Way Forward
Industry Overview And Way Forward
Slide 30: Industry Overview
Industry Overview Tyre Industry: Domestic 2-Wheeler Vehicles Outlook Key Demand Drivers Million Units ▪ Macroeconomic support 21.2 17.4 15.2 13.7 16.3 18.4 25 - 27 2-4% 3.0% 3.7% 3.5% 2.7% 2.6% 4.2% 4.1% CAGR ▪ Rising rural incomes 31.7% 32.1% 29.8% 30.9% 34.3% 34.2% 8-10% 39.0% ▪ Rural infrastructu
Slide 31: Industry Overview
Industry Overview Passenger Vehicles Domestic Demand Outlook Domestic Industry PV Outlook (Volumes) Million Units 4.5-6.5% CAGR Key growth drivers 5.7 4.2 ▪ Government boost for Compressed natural gas 3.9 (CNG) 3.4 3.1 ▪ Premiumization trend 2.8 2.7 ▪ New model launches ▪ EV penetration in Passenger
Slide 32: Industry Overview
Industry Overview Demand for Commercial Vehicle Outlook Commercial Vehicles Domestic Sales Outlook Key growth drivers Thousand Units ▪ Increasing freight rates to aid in 3-5% CAGR materialization of deferred demand. 1150-1270 100-120 962 968 ▪ Shift in fuel types of CVs to CNG 83 105 350-400 ▪ Stabl
Slide 33: Industry Overview
Industry Overview Growth for Tractor Outlook Tractor Industry sales expected to increase 4-6% between fiscals 2024 to 2029 Key growth drivers 1,130 Thousand units 1,080 985 ▪ Monsoon Performance 940 893 876 ▪ Crop Prices ▪ Government Regulations ▪ Financing availability ▪ Non-farm usage of tractors
Slide 34: Industry Overview
Industry Overview Market Size: Tyre Industry Turnover Tyre Export Outlook Estimated Turnover (in Rs. Billion) Tyre Exports (in Rs. Lakh) 7-9% CAGR 33,000- 6.9% CAGR 12% CAGR 35,000 23,125 23,073 9.6% CAGR 900 21,179 4.4% CAGR 14,101 570 12,889 12,884 460 11,180 FY13 FY18 FY23 FY18 FY19 FY20 FY21 FY2
Slide 35: Industry Overview
Industry Overview Demand for Passenger Vehicle (PV) Tyre Outlook Demand for Commercial Vehicle (CV) Tyre Outlook Outlook for CV tyre demand Outlook for PV tyre demand 90-110 46-58 (Million Units) 80-95 (Million Units) CAGR 34-35 CAGR 59 CAGR 4-6% CAGR 14.0 28.8 7-9% 6-8% 7-9% 52 27-36 27.4 9.5- 25-
Slide 36: Way Forward
Way Forward Optimization of the Capacity Utilization: Aims to progressively increase utilization to 75% over the next few years Expanding Reach of Domestic and International Markets: Expand presence in the domestic market and focus on key international clusters Expand Product Range by introducing ne
Slide 37: CSR- Tolins World School
CSR- Tolins World School • In 2014, Tolins Group established an educational institution in Malayattoor, providing education of international standards to kids till Grade 12. By this, the group is committed to give back to its community. • The 15-acre campus of Tolins World School is nestled at the f
Slide 38: Thank You
Thank You Mr. Ravi Sharma Mr. Namit Shah/ CFO –Tolins Tyres Ltd. Ms. Priyanka Bhagat cfo@tolins.com AdfactorsPR Investor Relations namit.shah@adfactorpr.com priyanka.bhagat@adfactorspr.com