Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q3 FY2022 Earnings Presentation
32 slides from Balkrishna Industries's earnings presentation, February 2022
Slide 1: Balkrishna Industries Ltd Investor Presentation
BALKRISHNA INDUSTRIES LTD Investor Presentation February ‘22
Slide 2: Safe Harbor
GROWING TOGETHER Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Balkrishna Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or
Slide 3: Performance Snapshot – Q3FY22
Performance Snapshot – Q3FY22 GROWING TOGETHER Sales Volume Revenue 70,320 MT Rs. 2,079 Cr +18% YoY +39% YoY EBITDA Net Profit Rs. 507 Cr Rs. 329 cr +6% YoY +2% YoY Declared 3rd Interim Dividend of Rs. 4/- per equity share Declared special dividend of Rs.12/- per equity share All Figures on Standalo
Slide 4: Management Commentary
Management Commentary GROWING TOGETHER Across Geographies, we continue to see strong demand for our products The macro challenges continue to be in terms of raw material costs and logistics cost along with the availability of containers. Higher marketing spends and Power & Fuels expenses impacted ou
Slide 5: Cumulative Capex of Rs. 2,250cr
Cumulative Capex of Rs. 2,250cr GROWING TOGETHER ▪ Debottlenecking and Brownfield expansion along with addition of balancing and ancillary equipment at Bhuj Brownfield Tire Plant ▪ Expansion to add ~50,000 MTPA capacity; expected completion by H2FY23 at Bhuj ▪ Capex cost of up to Rs. 800cr ▪ Current
Slide 6: Sales Volume Profile – 9MFY22
Sales Volume Profile – 9MFY22 GROWING TOGETHER In MT +7% 2,27,131 2,11,261 2,11,676 1,99,213 2,01,760 1,72,419 FY17 FY18 FY19 FY20 FY21 9MFY22 FY22 Guidance : 275,000 MT – 285,000 MT All Figures on Standalone basis 6
Slide 7: Volume Profile
Volume Profile GROWING TOGETHER Segmental Sales Channel Sales Geographical Sales 3.3% 3.3% 11.9% 27.1% 31.1% 17.8% 9MFY22 9MFY22 9MFY22 53.8% 65.6% 69.6% 16.6% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 7
Slide 8: Profit & Loss
Profit & Loss GROWING TOGETHER Particulars (Rs in Cr) Q3FY22 Q3FY21 YoY Q2FY22 9MFY22 9MFY21 YoY FY21 Sales 70,320 59,810 18% 72,748 211,676 1,59,129 33% 2,27,131 (MT) Revenue from Operations 2,030 1,505 2,050 5,893 4,012 5,758 Q3FY22 v/s Q2FY22 Realized Gain on Forex 49 -8 30 94 -22 -18 Total 2,079
Slide 9: Net Forex Gain/(Loss)
Net Forex Gain/(Loss) GROWING TOGETHER Particulars (Rs in Cr) Q3FY22 Q3FY21 9MFY22 9MFY21 Foreign Exchange Fluctuation on Sales 49 -8 94 -22 Foreign Exchange Fluctuation on Others 14 8 36 30 Total Realised Gain/(Loss) – A 64 1 130 8 Total Unrealized Gain/(Loss) - B 17 15 60 -5 Net Forex Gain/(Loss)
Slide 10: Balance Sheet
Balance Sheet GROWING TOGETHER Particulars (Rs. Cr.) Sep’21 Mar’21 Particulars (Rs. Cr.) Sep’21 Mar’21 ASSETS EQUITY AND LIABILITIES Non-current assets 6,289 5,649 EQUITY 6,538 6,007 Property, Plant and Equipment 3,566 3,247 Equity Share Capital 39 39 Capital work-in-progress 893 856 Other Equity 6,
Slide 11: Cash Flow
Cash Flow GROWING TOGETHER Particulars (Rs. Cr.) H1FY22 FY21 Operating profit before working capital changes 1,109 1,798 Changes in working capital -411 -80 Cash generated from operations 698 1,719 Direct taxes paid (net of refund) and others -220 -356 Net Cash from Operating Activities 478 1,363 Ne
Slide 12: Resilient Business Model
GROWING TOGETHER Resilient Business Model Long Term Debt Free Cash and Cash equivalents of Rs. 1,927 Cr as on 31st December, 2021 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black
Slide 13: Strategy at BKT
GROWING TOGETHER Strategy at BKT 13
Slide 14: Our Focus Area
Our Focus Area GROWING TOGETHER Expand reach within existing Sales Expand the product portfolio by adding Reach 100% utilization levels at Bhuj Channels as well increase footprint large sized tires and strengthen Plant in the next few years within replacement segment and OEMs relationship with Custo
Slide 15: To Serve Global OEMs…
To Serve Global OEMs… GROWING TOGETHER The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 15
Slide 16: With India Production and Global Sales
GROWING TOGETHER With India Production and Global Sales Waluj, Maharashtra Bhiwadi, Rajasthan Chopanki, Rajasthan India Our Manufacturing base Bhuj, Gujarat Mould plant, Dombivali Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of
Slide 17: Balkrishna Industries – A Snapshot
Balkrishna Industries – A Snapshot GROWING TOGETHER 01 Leading ‘Off-Highway Tire” Exporter BKT is India’s Leading player in the Global ‘Off Highway Tire (OHT)’ Market Wide and comprehensive product portfolio 02 Deep understanding of OHT market has led to capabilities to manufacture over 2,700 SKUs C
Slide 18: Our Strong Evolution
Our Strong Evolution GROWING TOGETHER 1987 1995 2002 2003 1st Plant in Aurangabad Production of ATV, inaugurated by Started Production of Plant in Bhiwadi, Off-Highway Tires Gardening and our Founder Chairman, Rajasthan earthmoving Tires Late Mr. M P Poddar 2011 2009 2008 2006 2004 Launch of Plant i
Slide 19: BKT… at the forefront of Sustainability
BKT… at the forefront of Sustainability GROWING TOGETHER ✓ Part of electricity needs of the North India plants are being met by green energy generated through our own wind and solar projects ✓ In Bhuj, the Company’s largest production site, the company has ✓ Planted over 100,000 trees ✓ Created two
Slide 20: BKT – A Strong Global Brand from INDIA
GROWING TOGETHER BKT – A Strong Global Brand from INDIA 20
Slide 21: Strengthening BKT Brand : Americas
GROWING TOGETHER Strengthening BKT Brand : Americas BKT is the Official and Exclusive Tire manufacturer of MONSTER JAM and its fleet of Monster Trucks – Monster Jam is a top sporting event in America 21
Slide 22: Strengthening BKT Brand : Canada
GROWING TOGETHER Strengthening BKT Brand : Canada BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup 22
Slide 23: Strengthening BKT Brand: Spain
Strengthening BKT Brand: Spain GROWING TOGETHER BKT is the Official Global Partner for the Spanish Football League “La Liga” 23
Slide 24: Strengthening BKT Brand: Italy
Strengthening BKT Brand: Italy GROWING TOGETHER BKT is the Title Sponsor for the ITALIAN SERIE ‘B’ FOOTBALL CHAMPIONSHIP – THE NEWBORN - “SERIE BKT” 24
Slide 25: Strengthening BKT Brand: France, Europe
GROWING TOGETHER Strengthening BKT Brand: France, Europe BKT is the Sponsor for the “LIGUE de Football Professionel (LFP)” in France 25
Slide 26: Strengthening BKT Brand: France, Europe
GROWING TOGETHER Strengthening BKT Brand: France, Europe BKT Is Official Tire Supplier for Rugby World Cup France 2023 26
Slide 27: Strengthening BKT Brand : EUROPE
GROWING TOGETHER Strengthening BKT Brand : EUROPE Premium Partner of EUROLEAGUE BASKETBALL 27
Slide 28: Strengthening BKT Brand : Tractor of the year (TotY) - EUROPE
Strengthening BKT Brand : GROWING TOGETHER Tractor of the year (TotY) - EUROPE Team of 26 expert journalists in agricultural mechanization, assign the Tractor of the Year (TotY) award to the ‘Best European Tractor’ 28
Slide 29: Strengthening BKT Brand : Australia
GROWING TOGETHER Strengthening BKT Brand : Australia BKT is the Official “OFF-HIGHWAY TIRE PARTNER” for KFC BIG BASH LEAGUE (THE AUSTRALIAN CRICKET LEAGUE) 29
Slide 30: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Official Partner of Teams in the Cricket T20 League for Season 13 30
Slide 31: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Partnership with Teams in the Indian Football League 31
Slide 32: Thank You
Thank You Company Investor Relations Advisor Balkrishna Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN - L99999MH1961PLC012185 CIN - U74140MH2010PTC204285 Mr. M S Bajaj Mr. Shogun Jain President (Commercial) & CFO shogun.jain@sgapl.net msbajaj@bkt-tires.com +91 77383 77756 www.bkt-tires.com
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