Ceat Limited · NSE:CEATLTD
Ceat — RPG Annual Investor Conference 2023
22 slides from Ceat's conference presentation, Jun 14, 2023
Slide 1: Exchange filing letter: Investor Conference - Reg. 30
June 14, 2023 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai 400 001 Mumbai 400 051 Security Code: 500878 Symbol: CEATLTD NCD Symbol: CL23, CL25, CL26 CP Listed ISIN: INE482A14BP1, INE482A14BQ9
Slide 2: RPG Annual Investor Conference 2023
hello happiness RPG Annual Investor Conference 2023 June 15, 2023 June 15, 2023
Slide 3: Disclaimer
Disclaimer This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures,
Slide 4: Overview
Overview 55,000+ touchpoints 1st Lighthouse recognised tyre facility globally Highest brand connect with “grip” 140+ Deming and “safety” Patent filings prize winner Rs. 11,315 cr 8.7% 50+ OEM relationships revenue (FY23) EBITDA (FY23) 7,600+ 0.6x AA Permanent employees debt to equity credit rating 3
Slide 5: CEAT Vision - FY26
CEAT Vision - FY26 Leadership in 2W Leadership in PC/UV Rs. 4,000 cr International Business 4
Slide 6: On Course, Despite Two Challenging Years
On Course, Despite Two Challenging Years Ramping up international Leading in 2W 1 Gaining in PC/UV 1 business Export ~28% ~15% revenue ~Rs. 2,000 cr + 200 bps + 400 bps ~2x ~26% ~11% ~Rs. 1,000 cr FY19 FY23 FY19 FY23 FY19 FY23 1. Replacement market share as per internal estimates 5
Slide 7: CEAT is Future Ready
CEAT is Future Ready Electrification Going Global International Premiumisation Driving Digital Premiumization 6
Slide 8: Electrification
1 Electrification Industry First EV Platforms 7
Slide 9: Electrification
1 Electrification Association with leading EVs across categories Mahindra XUV 400 MG ZS EV Citroen E-C3 Ola S1 Chetak EV MG Comet EV Tiago EV Ather 450 X Vida 1 Tata Starbus EV Tata Ace EV ~40% share of business in EV 2W OEMs 8
Slide 10: International Business
` 2 International Business 18% contribution from International Business1 Revenue from focus geographies1 ~1.5x v/s FY19 >2x v/s FY19 Presence in 25 countries in Europe and 14 countries in Latin America 1. For FY23 9
Slide 11: International Business (Off Highway)
2 International Business (Off Highway) Strong base in Europe, expanding in US Ramping up capacities 330 TPD+ Extensive Product Rollout ~2.4x 140 TPD FY19 FY25e Prestigious OEM entries 750+ Off Highway SKUs ~1.7x since FY19 ~80% coverage in global agricultural segments 10
Slide 12: International Business (PC/UV, TBR)
2 International Business (PC/UV, TBR) Run rate of ~2 mn PC/UV tyres per annum, .. Targeting PC/UV and TBR PC/UV SKUs ~1.5x since FY19 launch in US by end FY24 Developing 200+ SKUs Dedicated platforms Successfully tested TBR under private label 11
Slide 13: Premiumisation
3 Premiumisation Contribution from premium ranges >2x in Premiumising product range last 4 years PC/UV ~28% ~9% FY19 FY23 ~23% 2W ~13% FY19 FY23 12
Slide 14: Premiumisation
3 Premiumisation Association with prime media properties .. and influencer programmes 13
Slide 15: Driving Digital
4 Driving Digital World Economic Forum Lighthouse ~6% of PV/UV replacement sales from Recognition for Industry 4.0 D2C channels 14
Slide 16: Geared for Growth
Geared for Growth Consolidated Revenue >Rs. 14,000 cr Way Forward ~1.3x Benefits from operating leverage Rs. 11,315 cr ..with small Bite-sized capex incremental capex RoCE improvement FY23 Full Utilisation of Expanded Capacity 1 1. Potential revenue at current realizations 15
Slide 17: Key Sustainability Achievements for FY23
Key Sustainability Achievements for FY23 Sustainability Vision 2030: Reduce carbon footprint by 50% ~33% plant power ~10% reduction in 37 BEE 5-star and 23 ~17% reduction in through renewable overall tCO2e per MT BEE 4-star rated water consumption per sources of production 1, 2 products MT of produc
Slide 18: Additional Information
Additional Information RPG | C=AT
Slide 19: Financial Trends (Consolidated)
Financial Trends (Consolidated) Rs. cr unless stated otherwise Revenue from Operations EBITDA and Margin FY19-23 CAGR ~ 12.8% 9.5% 10.9% 13.4% 7.9% 8.7% 11,315 1,019 982 9,363 741 739 7,610 663 6,985 6,779 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 PAT and Margin Debt and Leverage Ratios 3.6%
Slide 20: Board of Directors
Board of Directors Harsh Vardhan Goenka Anant Goenka Arnab Banerjee Pierre E. Cohade Chairman, Non Executive Director Vice Chairman, Non Executive Director Managing Director & CEO Non Executive, Non Independent Director Paras K. Chowdhary Atul C. Choksey Haigreve Khaitan Mahesh S. Gupta Non Executiv
Slide 21: Leadership Team
Leadership Team Anant Goenka Arnab Banerjee Kumar Subbiah Somraj Roy Saurav Mukherjee Vice Chairman, Non Executive Director Managing Director & CEO Executive Director, Finance & CFO Senior Vice President, Human Senior Vice President, Global Sales Resources & Supply Chain Peter Becker Renji Isaac Jay
Slide 22: hello happiness
S) hello happiness RPG | C=AT