Slide 1: Cover letter to stock exchanges: Investor Presentation Q2FY22
ATL/SEC/21 November 1, 2021 The Secretary, The Secretary, BSE Ltd. National Stock Exchange of India Ltd, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra-Kurla Complex, Mumbai – 400001. Bandra (E), Mumbai - 400 051 Sub: Investor Presentation – Q2FY22 Dear Sirs, Pursuant to Regulation
Slide 2: Earnings Presentation | Q2 FY22
Earnings Presentation | Q2 FY22
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 Q2 FY22 Financial Performance Revenue EBITDA EBITDA Margins Q2 FY22 Operational Highlights INR 50,733 Mn INR 6,380 Mn 12.6% • Robust growth across both India and European Y-o-Y Y-o-Y Y-o-Y operations driven by strong volume recovery, sharp 18.2% -9.8% -390 Bps executi
Slide 5: Performance Summary – YTD FY22
Performance Summary – YTD FY22 Revenue Revenue Mix Mix Consolidated– Consolidated –YTD YTDFY22 FY22 Consolidated YTD Consolidated YTD By Region Revenue of EBITDA of Others, 1% ~₹97 Bn ~₹12 Bn (12.5%) Europe1, 29% YTD Capacity Utilization India Europe 80% 86% APMEA, 69% Note: 1. Europe Includes opera
Slide 6: Operating Highlights – India
Operating Highlights – India Revenue (₹ Mn) 36,497 Q2 FY22 29,116 • Strong demand recovery continued in the quarter with 25% YoY and 13% QoQ revenue growth • However, pace of growth constrained by: • Steep inflation, especially in fuel / energy costs • Patchy distribution of rainfall during monsoon
Slide 7: Operating Highlights – Europe
Operating Highlights – Europe1 Revenue (€ Mn) 138 Q2 FY22 • Although PCLT market growth tapered down, All season continued to grow strongly 130 • Undertook price hikes to the extent of 4% - 6% during the quarter (TBR, Agri and Industrial) • Registered further improvement in sales mix - UHP / UUHP ac
Slide 8: Consolidated Cash Flow & Balance Sheet Highlights
Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) Key Highlights 12 • Capex in line with guidance 11 • Marginally increase in net debt from ₹ 48bn (June ’21) to ₹ 50bn (Sep ‘21); Significant decrease from ₹ 60bn (Mar ‘20) FY21 YTD FY22 • Net Debt increase driven by inventory valuation F
Slide 9: Financial Statements
Financial Statements
Slide 10: Profit & Loss (Quarterly) – Consolidated
Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q2 FY22 Q2 FY21 Q1 FY22 % Change - YoY % Change - QoQ Revenues 50,773 42,949 45,845 18% 11% Raw Material 1 29,731 23,014 26,245 Staff Cost 6,391 6,233 6,536 Other Costs 8,271 6,632 7,396 EBITDA 6,380 7,070 5,668 -10% 13% EBITDA Margin (%) 1
Slide 11: Profit & Loss (YTD) – Consolidated
Profit & Loss (YTD) – Consolidated Particulars (₹ Mn) YTD FY22 YTD FY21 % Change - YoY Revenues 96,618 71,766 35% Raw Material 1 55,976 39,321 Staff Cost 12,927 11,603 Other Costs 15,667 11,316 EBITDA 12,048 9,526 26% EBITDA Margin (%) 12.5% 13.3% Depreciation 6,800 6,400 Other Income 693 448 EBIT 5
Slide 12: Profit & Loss (Quarterly) – Standalone
Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q2 FY22 Q2 FY21 Q1 FY22 % Change - YoY % Change - QoQ Revenues 36,497 29,116 32,200 25% 13% Raw Material 1 24,604 16,808 21,192 Staff Cost 2,600 2,165 2,623 Other Costs 5,531 4,646 5,049 EBITDA 3,762 5,496 3,336 -32% 13% EBITDA Margin (%) 10.
Slide 13: Profit & Loss (YTD) – Standalone
Profit & Loss (YTD) – Standalone Particulars (₹ Mn) YTD FY22 YTD FY21 % Change - YoY Revenues 68,697 46,848 47% Raw Material 1 45,796 27,709 Staff Cost 5,223 4,123 Other Costs 10,580 7,607 EBITDA 7,097 7,410 -4% EBITDA Margin (%) 10.3% 15.8% Depreciation 3,875 3,458 Other Income 696 435 EBIT 3,918 4
Slide 14: Thank you
For further details please feel free to get in touch with the IR team Ravi Shingari Group Head - Accounts and Taxation ravi.shingari@apollotyres.com Himanshu Sharma Head – IR & Budgeting himanshu.sharma1@apollotyres.com Thank you