Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q4 FY23 Earnings Presentation
35 slides from Balkrishna Industries's earnings presentation, May 2023
Slide 1: Balkrishna Industries Ltd Investor Presentation May 2023
BALKRISHNA INDUSTRIES LTD Investor Presentation May 2023
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 – FY23
Performance Snapshot – FY23 GROWING TOGETHER 301,181 MT Rs. 10,072 cr Rs. 2,028 cr Sales Volume Revenue EBITDA +4% YoY +20% YoY -7% YoY 20.14% Rs. 1,079 cr EBITDA Net Margin Profit -578bps YoY -24% YoY Declared Final Dividend of Rs. 4/- per equity share in addition 3 interim dividends amounting to R
Slide 4: Performance Snapshot – Q4FY23
Performance Snapshot – Q4FY23 GROWING TOGETHER 72,676 MT Rs. 2,324 cr Rs. 494 cr Sales Volume Revenue EBITDA +9% QoQ +5% QoQ +17% QoQ 21.3% Rs. 256 cr EBITDA Net Margin Profit +216bps QoQ + 155% QoQ Declared Final Dividend of Rs. 4/- per equity share subject to approval of shareholders All Figures o
Slide 5: Management Commentary
Management Commentary GROWING TOGETHER Historically, Q4 is the best performing quarter, however, end markets, especially channel inventory situation is not completely out of the woods. The Company believes the channel inventory led issues may be resolved by June / July. Q4FY23 has been a better quar
Slide 6: Sales Volume Profile – FY23
Sales Volume Profile – FY23 GROWING TOGETHER In MT 3,01,181 +9% 2,88,795 2,27,131 2,11,261 2,01,760 FY19 FY20 FY21 FY22 FY23 All Figures on Standalone basis 6
Slide 7: Volume Profile
Volume Profile GROWING TOGETHER Segmental Sales Channel Sales Geographical Sales 3.1% 2.6% 10.0% 27.9% 34.2% 21.6% FY23 FY23 FY23 50.5% 62.7% 69.5% 17.9% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 7
Slide 8: Profit & Loss
Profit & Loss GROWING TOGETHER Standalone Particulars (Rs in Cr) Q4FY23 Q4FY22 YoY Q3FY23 QoQ FY23 FY22 YoY Sales (MT) 72,676 77,119 -6% 66,480 9% 301,181 288,795 4% Revenue from Operations 2,318 2,374 2,142 9,811 8,267 Realized Gain on Foreign Exchange 7 58 73 262 152 Total Income 2,324 2,432 -4% 2
Slide 9: Net Forex Gain/(Loss)
Net Forex Gain/(Loss) GROWING TOGETHER Particulars (Rs in Cr) Q4FY23 Q4FY22 Q3FY23 FY23 FY22 Foreign Exchange Fluctuation on Sales 7 58 73 262 152 Foreign Exchange Fluctuation on Others 17 19 6 51 55 Total Realised Gain/(Loss) – A 23 77 78 313 207 Total Unrealized Gain/(Loss) - B 3 -21 -166 -88 39 N
Slide 10: Balance Sheet
Balance Sheet GROWING TOGETHER Particulars (Rs. Cr.) Mar’23 Mar’22 Particulars (Rs. Cr.) Mar’23 Mar’22 ASSETS EQUITY AND LIABILITIES Non-current assets 8,385 7,054 EQUITY 7,589 6,925 Property, Plant and Equipment 5,278 3,906 Equity Share Capital 39 39 Capital work-in-progress 1,392 1,258 Other Equit
Slide 11: Cash Flow
Cash Flow GROWING TOGETHER Particulars (Rs. Cr.) FY23 FY22 Operating profit before working capital changes 1,997 2,163 Changes in working capital -244 -825 Cash generated from operations 1,752 1,339 Direct taxes paid (net of refund) and others -338 -457 Net Cash from Operating Activities 1,414 881 N
Slide 12: Resilient Business Model
GROWING TOGETHER Resilient Business Model Gross Cash and Cash equivalents of Rs.2,075 Cr as on 31st March, 2023 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along with Multipl
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 Channels as well increase footprint large sized tires and strengthen within replacement segment and OEMs relationship with Customer base Product + Penetrate + + Ind
Slide 15: To Serve Global OEMs…
To Serve Global OEMs… GROWING TOGETHER The Brand Names and logos 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 3,200 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: Business Practices Driving our Long-Term Sustainability
Business Practices Driving our GROWING TOGETHER Long-Term Sustainability Energy Efficiency Environment Waste Management • To ensure energy efficiency Initiated use of ‘Green Energy’ • Controlled emissions through electrostatic • Implemented disciplined waste management – installing 5MW windmills and
Slide 20: Outcomes of our Sustainability Process
Outcomes of our Sustainability Process GROWING TOGETHER Future Targets Key Performance • Zero Liquid Discharge (ZLD) 1:1 High-yield ratio between material • Green House Gas (GHG) emissions input & output with 99% efficiency leading to minimal process • Waste reduction Proportion of recyclable raw ma
Slide 21: Promoting Education, Health & Rural Development
Promoting Education, Health & Rural GROWING TOGETHER Development Our Endeavour is to improve the lives of children and adults, and our mission is to ensure health with dignity to every underprivileged children and adult 21
Slide 22: BKT – A Strong Global Brand from INDIA
GROWING TOGETHER BKT – A Strong Global Brand from INDIA 22
Slide 23: 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 23
Slide 24: Strengthening BKT Brand: Canada
GROWING TOGETHER Strengthening BKT Brand : Canada BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup 24
Slide 25: Strengthening BKT Brand: Spain, Europe
Strengthening BKT Brand: Spain, Europe GROWING TOGETHER BKT is the Official Global Partner for the Spanish Football League “La Liga” 25
Slide 26: Strengthening BKT Brand: Italy, Europe
Strengthening BKT Brand: Italy, Europe GROWING TOGETHER BKT is the Title Sponsor for the ITALIAN SERIE ‘B’ FOOTBALL CHAMPIONSHIP – THE NEWBORN - “SERIE BKT” 26
Slide 27: 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 27
Slide 28: Strengthening BKT Brand: France, Europe
GROWING TOGETHER Strengthening BKT Brand: France, Europe BKT Is Official Tire Supplier for Rugby World Cup France 2023 28
Slide 29: Strengthening BKT Brand: Europe
GROWING TOGETHER Strengthening BKT Brand: EUROPE BKT is associated with United Rugby Championship 29
Slide 30: Strengthening BKT Brand: Europe
GROWING TOGETHER Strengthening BKT Brand : EUROPE Premium Partner of EUROLEAGUE BASKETBALL 30
Slide 31: Strengthening BKT Brand: Tractor of the Year - Europe
Strengthening BKT Brand : GROWING TOGETHER Tractor of the year (TotY) - EUROPE Team of expert journalists in agricultural mechanization, assign the Tractor of the Year (TotY) award to the ‘Best European Tractor’ 31
Slide 32: 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) 32
Slide 33: Strengthening BKT Brand: India
Strengthening BKT Brand : India GROWING TOGETHER Official Partner of Teams in the Cricket T20 League for Season 16 The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 33
Slide 34: Strengthening BKT Brand: India
Strengthening BKT Brand : India GROWING TOGETHER Click here for the BKT Video Ranveer Singh is the Brand Ambassador of BKT 34
Slide 35: 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 Senior President (Commercial) & CFO shogun.jain@sgapl.net msbajaj@bkt-tires.com +91 77383 77756 www.bkt-t
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