Ceat Limited · NSE:CEATLTD
Ceat — RPG Annual Investor Conference 2021
25 slides from Ceat's conference presentation, Jun 14, 2021
Slide 1: Regulation 30 disclosure letter to exchanges
June 14, 2021 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Bandra Dalal Street, (East), Mumbai 400 001 Mumbai 400 051 Security Code: 500878 Symbol: CEATLTD NCD Symbol: CL23, CL25 CP Listed ISIN: INE482A14AD9, INE482A14AE7, INE4
Slide 2: The Road Ahead…
The Road Ahead…
Slide 3: Last 10 years of CEAT…
Last 10 years of CEAT… FY21 7,610 1,019 1,300 40K + 100+ 4 new 25x in last 2.6x 3.3x 4x plants 4 years FY10 2,873 311 550 10K + NA Revenue EBITDA Annual Distribution Patents Filed (INR Cr) (INR Cr) Capacity Touchpoints (TPD)
Slide 4: Next 5 years..
Next 5 years.. LEADERSHIP POSITION IN TOP 3 IN TRUCK & BUS OVER 3x GROWTH IN PASSENGER SEGMENTS SEGMENT INTERNATIONAL BUSINESS (2/3W & PCR)
Slide 5: We have strengthened our capabilities across these businesses
We have strengthened our capabilities across these businesses Extensive Strong Distribution network Brand Equity Passenger Segments Superior Innovative Product Service Models Truck and Bus Segment Customer centric Seeding Right Product Development Markets International Business
Slide 6: We are leveraging multiple enablers to drive us towards our goals
We are leveraging multiple enablers to drive us towards our goals RESEARCH & MANUFACTURING DIGITAL DEVELOPMENT DISTRIBUTION & FINANCIALS PEOPLE & BRAND EQUITY SUSTAINABILITY
Slide 7: Research & Development
Research & Development CEAT’s Baroda R&D centre
Slide 8: Advanced R&D Capabilities
Advanced R&D Capabilities Compounding Industrialization ✓ Global partnerships ✓ Reduced product development with universities time ✓ Alternate materials ✓ Digitized Product Life Cycle ✓ Sustainability Management ✓ Optimizing costs Testing Future Technologies ✓ Rigorous indoor and outdoor ✓ EV Tyres
Slide 9: New Products Developed and OEM launches
New Products Developed and OEM launches Mahindra Thar Hero Glamour Refresh Nissan Magnite Hyundai i20 Renault Kiger B-SUV RE Interceptor
Slide 10: Manufacturing
Manufacturing Tyre Building Machine at Chennai
Slide 11: Our Manufacturing Locations
Our Manufacturing Locations Ambernath Halol Nashik Mumbai Nagpur Chennai Sri Lanka
Slide 12: State-of-the-art Plants
State-of-the-art Plants Commissioned new plants across Chennai, Nagpur & Ambernath Chennai Facility Nagpur Facility High levels of Automation, TQM Practices, Safety and Diversity
Slide 13: Adding Capacities to Expand Market Share
Adding Capacities to Expand Market Share Segment Unit FY21 Exit FY22 Exit FY23 Exit Passenger Car Radial Tyres / month 8,70,000 11,60,000 14,50,000 2/3 - Wheeler Tyres / month 33,04,000 33,55,000 41,65,000 Truck and Bus Radial * Tyres / month 1,00,000 1,20,000 1,56,000 Truck and Bus Bias Tyres / mon
Slide 14: Off Highway Business Update
Off Highway Business Update Launched niche agricultural tyres based on Flex Technology (IF/VF) 2x 6 70% Increase in channel New countries Growth in Europe partners in FY21 Sales in FY21 Ambernath plant is well poised to capture the market potential
Slide 15: Digital
Digital
Slide 16: Purchase: Superior Customer Experience
Purchase: Superior Customer Experience Search Buy Deliver & Fit Available on all Seamless ordering Doorstep delivery & fitment or platforms 24x7 support Pick up at store Over 40 customer experience journey touchpoints
Slide 17: Post Purchase: Engagement
Post Purchase: Engagement Indicative Personalized Customer Journey Jan 2020 Dec 2020 Jun 2021 Dec 2021 Dec 2022 Customer purchases and Reminder for Personalized offers Re-targeting after registers for warranty wheel alignment based on interest 3 years Most Advanced Dealer Portal Quickest Claim Resol
Slide 18: Brand Equity
C=AT C=AT _ SecuraDrive
Slide 19: Improving Brand Equity – Associations and Innovative Campaigns
Improving Brand Equity – Associations and Innovative Campaigns Aamir Khan CEAT’s New Brand Ambassador IPL’s Official Strategic Timeout Partner CEAT Puncture Safe Tyre #KeelWaleBaba campaign #DontBeADummy campaign
Slide 20: Financials
Financials
Slide 21: Profitable growth
Profitable growth Net Sales (INR Cr) 7,610 6,985 6,779 6,283 5,722 FY17 FY18 FY19 FY20 FY21 EBITDA (INR Cr) & EBITDA Margin 13.4% 16. 0% 12.0% 14. 0% 10.2% 9.5% 10.9% 1,019 12. 0% 10. 0% 685 638 663 741 8.0 % 6.0 % 4.0 % 2.0 % 0.0 % FY17 FY18 FY19 FY20 FY21 Note All figures are per IND AS Company’s
Slide 22: Balance sheet
Balance sheet Debt Break-up 200 0 924 872 1,498 1,929 1,418 180 0 1693 LT Debt (INR Cr) 160 0 1274 140 0 120 0 1397 ST Debt (INR Cr) 0.66 100 0 866 0.54 0.42 676 800 600 0.33 D/E 0.38 58 400 196 224 236 21 200 0 FY 17 FY18 FY19 FY20 FY21 Leverage Ratios 1200 8.4 1019 741 EBITDA (INR Cr) 663 1000 800
Slide 23: Sustainability
Sustainability
Slide 24: Sustainability
Sustainability Manufacturing ✓ Using briquette as fuel ✓ ~25% of plant electricity through rooftop solar plants Materials ✓ Greener raw materials; Reduce Carbon Footprint Transportation recycled crumb rubber by 50% by 2030 ✓ Network optimization ✓ ESG compliant vendors Product Use End of Life ✓ Ligh
Slide 25: THANK YOU
THANK YOU C=AT