Apollo Tyres Limited. · NSE:APOLLOTYRE
Apollo Tyres — Q1 FY24 Earnings Presentation
12 slides from Apollo Tyres's earnings presentation, Aug 11, 2023
Slide 1: Exchange filing cover letter: Investor Presentation Q1 FY24
APOl..ll.O TYRE'S I..TD ..ft. APOLLO 7 I nstit ut i on a I Area Se-ctor 3,2 ~ TYRES LTD Gu rugram 12.2.001, Indi a :+9112 2383002 F: +9112 . 2383 2.1 apoll otyres .com GST No. : 6AAACA6990Ql l.2. ATL/ SEC/21 August 11, 2023 The Secretary, The Secretary, National Stock Exchange of India Ltd., BSE Ltd
Slide 2: Earnings Presentation | Q1 FY24
APOLLO TYRES LTD Earnings Presentation | Q1 FY24
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 Q1 FY24 Financial Performance Q1 FY24 Operational Highlights Revenue EBITDA EBITDA Margins • Topline growth impacted by challenging demand INR 62,446 Mn INR 10,515 Mn 16.8% environment across key markets Y-o-Y Y-o-Y Y-o-Y +5.1% +52% +523 Bps • In terms of volume perfo
Slide 5: Performance Summary – YTD FY24
Performance Summary – YTDFY24 Revenue Revenue Mix Consolidated – Mix Consolidated – YTD YTD FY24 FY22 Consolidated Consolidated By Region Others, Revenue EBITDA 4% ~₹62 Bn ~₹10.5 Bn (16.8%) Europe1, 27% Capacity Utilization India Europe 75% 80% APMEA, 70% Note: 1. Europe Includes operations of Reife
Slide 6: Operating Highlights – India
Operating Highlights – India Q1 FY24 Revenue (₹ Mn) 44,362 44,133 • On a YoY basis, overall volumes were down, impacted by -0.5% decline in exports while both replacement and OEM segment volumes were largely flattish. • On the positive side, registered QoQ volume growth across all product segments i
Slide 7: Operating Highlights – Europe
Operating Highlights – Europe1 Q1 FY24 Revenue (€ Mn) • PCLT market declined by ~13% (YoY), mainly on account of high channel inventory and mild winters. All 151 season continued to outperform overall market with minimal decline 144 • Despite sluggish demand environment gained ~15bps market share in
Slide 8: Consolidated Cash Flow & Balance Sheet Highlights
Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 18 Key Highlights 8 • Capex in line with guidance. • Registered free cash flow generation, helped by improvement in operating performance and judicious capex spends FY22 FY23 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Slide 9: Financial Statements
POLLO A S LTD TYRE Financial Statements
Slide 10: Profit & Loss (Quarterly) – Consolidated
Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q1 FY24 Q1 FY23 Q4 FY23 % Change - YoY % Change - QoQ Revenues 62,446 59,420 62,473 5% 0% Raw Material 34,319 35,840 35,370 Staff Cost 7,388 6,453 6,882 Other Costs 10,224 10,229 10,237 -----------------------------------------------·------
Slide 11: Profit & Loss (Quarterly) – Standalone
Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q1 FY24 Q1 FY23 Q4 FY23 % Change - YoY % Change - QoQ Revenues 44,133 44,362 43,662 -1% 1% Raw Material 26,690 31,211 27,329 Staff Cost 2,782 2,604 2,678 Other Costs 6,794 6,259 6,692 EBITDA 7,867 4,288 6,964 83% 13% EBITDA Margin (%) 17.8% 9
Slide 12: Thank you
For further details please feel free to get in touch with the IR team Himanshu Sharma Head – IR & Budgeting himanshu.sharma1@apollotyres.com Thank you