Jk Tyre & Industries Limited · NSE:JKTYRE
Jk Tyre & Industries — Q1 FY2024 Earnings Presentation
34 slides from Jk Tyre & Industries's earnings presentation, Aug 4, 2023
Slide 1: Exchange filing cover letter for Earnings Presentation Q1 FY2024
JKTIL:SECTL:SE:2023 Date: 4th August 2023 BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C -1, Block G, Dalal Street, Bandra -Kurla Complex, Mumbai-400 001. Bandra (E), Mumbai -400 051. Scrip Code: 530007 Scrip Code: JKTYRE Dear Sir, Re. Earnings Presentati
Slide 2: Earnings Presentation – Q1FY2024
Earnings Presentation – Q1FY2024 EXCELERATION
Slide 3: Business Overview
K Business Overview
Slide 4: JK Tyre at a Glance
JK Tyre at a Glance Innovation at JK Tyre 40+ 22th Years of experience in tyre Ranked top tyre company manufacturing in the world ❖ Pioneer of radial technology in India and No. 1 in Truck/Bus Radial (TBR) manufacturer ❖ State-of-the-art Centralized Tech Centre at Mysore – 12 manufacturing facilitie
Slide 5: Global Manufacturing Platforms
Global Manufacturing Platforms India Annual Capacity by Product Line – Volumes in Million Kankroli, Laksar, Rajasthan – 1 Uttarakhand – 3 14.5 2.3 7.9 3.7 4.1 Banmore, Truck and Passenger 2/3 Wheeler Others Madhya Pradesh – 1 Bus Line Radial Radial Bias Mexico Mysuru, Karnataka – 3 Chennai, Hidalgo
Slide 6: Digital Marketing Initiatives
Digital Marketing Initiatives Social Media Content Marketing Google My Business 1 Consistent Social Media Presence 2 Content Oriented Digital Marketing No.1 Tyre Brand at Social Tyre Industry Highest no. of 600+ Brand Shops listed at Media in terms of Followers views at YouTube 77Mn+ Google My Busin
Slide 7: Extensive Distribution Network and Customer Connect
Extensive Distribution Network and Customer Connect Extensive Distribution Network India Distribution Network ❖ 6,000+ Dealers ❖ 500 Distributors 64 JK Tyres Truck 626 JK Tyre Steel 72 JK Re-tread ❖ Tie up with +1300 Fleet Operators Wheels & Xpress Wheels centres ❖ Tie up with 3 Oil Marketing Compan
Slide 8: Leadership Team
Leadership Team Dr. Raghupati Singhania Chairman & Managing Director Anshuman Singhania Arun K. Bajoria Anuj Kathuria A. K. Kinra Sanjeev Aggarwal V. K. Misra Managing Director Director & President – Int. President - India Financial Advisor CFO Technical Director Dr. R. Mukhopadhyay A. K. Makkar Sri
Slide 9: Strong R&D Capabilities
Strong R&D Capabilities Technology – Global Tech Centre (RPSCOE): • Centralized Tech Center in Mysore, Karnataka with more than 200 R&D and Technology Scientist and Engineers in following facilities: HASETRI - Asia's first and India’s foremost highly versatile and State-of-the-art Tyre / Elastomer I
Slide 10: Innovative Products Gaining Traction
Innovative Products Gaining Traction TBR - JUH XF & JDH XF Puncture Guard Tyre Levitas Ultra (UHP) ✓ Fuel Saver Technology Design ✓ Self-repair multiple punctures ✓ Utmost Comfort ✓ Low RRC & Low Noise ✓ Hassle-free ride throughout life ✓ Low Cabin Noise & high durability ✓ High Mileage ✓ Better Tra
Slide 11: Product Portfolio Differentiation
Product Portfolio Differentiation Smart Tyres Green Tyres Recently acquired smart tyre technology start-up to revolutionize “Green tyre" technology increases fuel efficiency thereby conserving Indian tyre market – First in India to launch Tyre Pressure natural resources Monitoring System (TPMS) base
Slide 12: Green Tyre – “UX Green” – Sustainable Tyre
Green Tyre – “UX Green” – Sustainable Tyre JK Tyre develops PCR Tyre with 80% sustainable, recycled & renewable material – “First Company to achieve this level” • Developed with highly sustainable materials like natural rubber, bio attributed SBR and BR, bio-based oil, recycled rubber powder, recove
Slide 13: Key Customers
Key Customers Passenger Car Tractor Truck & Bus OTR 2 Wheeler 2 Wheeler – Electric 11
Slide 14: Strengthening OEM Presence
Strengthening OEM Presence Gaining OEM footprint and volumes across segments 12
Slide 15: EV Tyres – Future Ready
EV Tyres – Future Ready JK Tyre unveils complete range of EV-specific smart radial tyres EV Tyres range Developed a complete range of electric vehicle (EV)-specific Smart radial tyres for all categories of trucks, buses, LCVs and passenger cars in India. Ensures ultra-low Improved wet and rolling re
Slide 16: Key Marketing Initiatives
Key Marketing Initiatives LEVITAS ULTRA (UHP TYRE) - Best in class ride quality & experience - Lowest cabin noise & high cornering stability - Shortest braking distance in dry & wet conditions - Speed Rating – W and Y with 5 star fuel savings Launch of “ The Levitas Ultra (Ultra High Performance) –
Slide 17: Brand Accolades
Brand Accolades Recognised for “ET ICONIC BRANDS OF INDIA 2022” Conferred “SUPER BRANDS 2023” 15
Slide 18: Revenue Segmentation : End User Market
Revenue Segmentation : End User Market Revenue Mix by Market – Q1FY24 Q1FY23 Exports 16% Exports 18% OEMs Consolidated Consolidated 23% Replacement OEMs Replacement 61% 22% 60% Revenue Mix by Product Line – Q1FY24 Q1FY23 Others Others 15% 14% 2/3 Wheelers 2/3 Wheelers 4% 4% Consolidated Truck and Co
Slide 19: Q1FY24 & FY23 Performance Review
Q1FY24 & FY23 Performance Review
Slide 20: Q1FY24 Financial Performance Highlights
Q1FY24 Financial Performance Highlights Consolidated Standalone (Rs. Crore) y-o-y y-o-y Q1FY24 Q4FY23 Q1FY23 Q1FY24 Q4FY23 Q1FY23 change change Turnover 3,726 3,645 3,650 2% 2,463 2,404 2,339 5% EBITDA 465 389 291 60% 283 231 177 60% Margin 12.5% 10.7% 8.0% +451 bps 11.5% 9.6% 7.6% +393 bps PBDT (Ca
Slide 21: Q1FY24 Performance Highlights
Q1FY24 Performance Highlights Key Business Highlights Q1FY24 Consolidated Financial Performance 1. Top-line has been growing consistently and has recorded INR 3,726 Cr. INR 587 Cr. INR 465 Cr. consolidated net revenues of Rs.3,726 crore. Growth 2% Growth -8% Growth 60% 2. Volumes improved by 3% over
Slide 22: FY23 Financial Performance Highlights
FY23 Financial Performance Highlights Consolidated Standalone (Rs. Crore) FY23 FY22 % change FY23 FY22 % change Turnover 14,681 12,020 22% 9,649 8,062 20% EBITDA 1,334 1,110 20% 806 731 10% Margin 9.1% 9.2% (10) Bps 8.4% 9.1% (70) Bps PBDT (Cash Profit) 880 691 27% 549 501 10% PBT 411 309 33% 270 26
Slide 23: FY2023 Performance Highlights (Consolidated)
FY2023 Performance Highlights (Consolidated) Key Business Highlights Q4-FY23 Consolidated Financial Performance 1. Recorded high revenues of Rs.14,681 crore, driven by INR 3,645 Cr. INR 331 Cr. INR 389 Cr. Growth 10% Growth -28% Growth 65% strong domestic demand with buoyancy witnessed in OEM Revenu
Slide 24: Growth Strategy
Growth Strategy
Slide 25: Strategic Priorities
Strategic Priorities Management remains fully committed to implement its strategy to further expand its market presence and gain market share Strengthen Product Market Position Increase Global Deleverage Maximizing Portfolio across Business Balance Sheet Benefits of Premiumization Segments Share Acq
Slide 26: Sustainability
KX Sustainability
Slide 27: Sustainability at JK Tyre
Sustainability at JK Tyre We strengthened our ESG initiatives around 5P’s sustainability platform Productivity (Resource Conservation) People (Safety & Peace & Partnership Wellbeing) 5Ps Sustainability* Poverty (Standard of Protect (Environment) living) * Conceptualized by JK Tyre 25
Slide 28: JK Tyre secured ‘Best in Class’ rating on ESG performance - CareEdge
JK Tyre secured ‘Best in Class’ rating on ESG performance - CareEdge JK Tyre’s ESG performance is driven by strong commitment and performance on majority themes to ensure ESG integration. JK Tyre ESG Score Vs. Avg. Industry Score 75 65 Industry Average Industry Best - JK Tyre Environment (80) – Long
Slide 29: Sustainability Initiatives at JK Tyre
Sustainability Initiatives at JK Tyre Sustainability initiatives & practices leading to resource conservation and manufacturing excellence Research & ▪ Usage of Bio sourced materials Development Led ▪ Higher usage of recycled material Product ▪ Continuous improvement in RRC ( Rolling Resistance Coef
Slide 30: Sustainability – Environment
Sustainability – Environment Safety – Reportable Incident (Nos.) Energy Consumption (GJ / Tonne) 27 22 17 11.24 10.70 10.26 10.36 9.50 9.38 8.95 6 5 4 4 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 All Plants awarded with “Sword of H
Slide 31: Sustainability – Operational Efficiencies
Sustainability – Operational Efficiencies Specific Power Consumption – Kwh / Kg Recognitions to our efforts 0.937 0.894 0.863 0.874 0.810 0.802 “Among the India’s top 30 Most Sustainable 0.783 companies, organized by Business World” 2016-17 2017-18 2018-19 2019-20 2020-21 2021-22 2022-23 Reducing Po
Slide 32: Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) Livelihood More than 1 lac people benefitted through our projects, viz., skill building, SHGs, agricultural & livestock Enhancement development etc. Adult literacy programs in remote villages (over 50,000 beneficiaries), Mysuru prisoners (over 6,000), Education
Slide 33: Disclaimer
Disclaimer This presentation has been prepared by JK Tyre & Industries Limited (the “Company” or “JK Tyres”) solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distr
Slide 34: JK Tyre & Industries Ltd. contact details
&K Skerry ree TOTAL CONTROL JK TYRE & INDUSTRIES LTD. HEAD OFFICE | REGISTERED OFFICE AND WORKS 3, Bahadur Shah Zafar Marg, | Jaykaygram, PO-Tyre Factory New Dethi-110002 | Kankroli - 313 342, Rajasthan T:491-11-66001112 « F: +91-11-23322059 | T: 02952-302400/330011 « F: 02952-232018 CIN:L67120RJ195
JK Tyre & Industries — Q1 FY2024 Earnings Presentation on 6ix