Jk Tyre & Industries Limited · NSE:JKTYRE
Jk Tyre & Industries — Q2 FY2025 Earnings Presentation
21 slides from Jk Tyre & Industries's earnings presentation, November 2024
Slide 1: Investor Presentation – Q2FY25
Investor Presentation – Q2FY25
Slide 2: Company Overview
Company Overview 2
Slide 3: JK Tyre at a Glance
JK Tyre at a Glance Leading tyre manufacturer with significant global brand presence Q2FY25 Consolidated Financials ❖ Pioneer of radial technology in India. INR 3,643 Cr. INR 443 Cr. INR 144 Cr. ❖ 1st company in India with OE fitment of tubeless passenger radials. YoY change -7% YoY change -26% YoY
Slide 4: Combined Installed capacity of ~35 million tyres/annum
Combined Installed capacity of ~35 million tyres/annum 1 Kankroli (Rajasthan) Mexico (JK Tornel) 3 Laksar (Uttarakhand) Bus/Truck Farm Others 2/3-Wheeler Bus/Truck Farm 1 1 Hidalgo Banmore (Madhya Pradesh) 1 Tultitlan Passenger (Radial) 3 1 Bus/Truck Passenger Others Mysuru (Karnataka) (Radial) Chen
Slide 5: ..and establishing strong presence globally
..and establishing strong presence globally 800+ 45+ ~1,400 138 67 SKUs Mobility Customers Fleet Operators Dealers Distributors 6,000+ Dealers & Distributors 850+ 82 140+ Brand Shops Retread Centres Sales, Service & Stocking Points North & Latin Mexico America India 72 Distributors 63 Distributors A
Slide 6: Innovative products conceptualized indigenously by strong R&D capabilities
Innovative products conceptualized indigenously by strong R&D capabilities “Raghupati Singhania Centre of Excellence (RPSCOE), Mysore, Karnataka ✓ Asia's first and India’s foremost highly versatile and State-of-the-art Tyre / Elastomer Institute ✓ 200+ R&D and Technology scientists in JK Tyre and HA
Slide 7: ..complemented by innovative products
..complemented by innovative products Smart Tyres Puncture Guard Tyres Acquired smart tyre technology company in 2019 - First in India to launch Tyre Pressure Monitoring System (TPMS) based on sensor technology. Reduces fuel bills by Enhances tyre life increasing fuel efficiency Real time asset trac
Slide 8: Key Product Launches - New EV tyre range
Key Product Launches - New EV tyre range CV Tyres PV Tyres JETWAY JUX Ranger HPE JK TYRE UNIVERSAL FITMENT X-URBAN APPLICATION ELECTRIC EXTRA KMs PER CHARGE Low Hysteresis Tread Compound LOWEST NOISE TRUCK TYRE (60 dB) Simulation optimized Tread Pattern Design ENHANCED SAFETY AND DURABILITY Durable
Slide 9: Brand Accolades
Brand Accolades Recognised for “ET ICONIC BRANDS OF INDIA 2024” Conferred “SUPER BRANDS 2023” 9
Slide 10: Q2 & H1FY25 Financial Performance
Q2 & H1FY25 Financial Performance Highlights & Growth Strategies 10
Slide 11: …providing multiple growth verticals for the company
…providing multiple growth verticals for the company Revenue Mix by Market – Consolidated Exports 19% Exports 18% Q2FY25 Replacement H1FY25 OEMs 57% OEMs Replacement 24% 23% 59% Revenue Mix by Product Line – Consolidated Others 12% Others 13% 2/3 Wheelers 2/3 4% Wheelers 4% Q2FY25 Truck and H1FY25 T
Slide 12: Q2FY25 Financial Performance Highlights
Q2FY25 Financial Performance Highlights Consolidated (Rs. in crore) Standalone (Rs. in crore) Particulars y-o-y y-o-y Q2FY25 Q1FY25 Q2FY24 Q2FY25 Q1FY25 Q2FY24 change change Turnover 3,643 3,655 3,905 -7% 2,533 2,507 2,684 -6% EBITDA 443 516 597 -26% 272 320 395 -31% Margin 12.2% 14.1% 15.3% (313) B
Slide 13: H1FY25 Financial Performance Highlights
H1FY25 Financial Performance Highlights Consolidated (Rs. Crore) Standalone (Rs. Crore) Particulars y-o-y y-o-y H1FY25 H1FY24 H1FY25 H1FY24 change change Turnover 7,298 7,632 -4% 5,040 5,146 -2% EBITDA 959 1,062 -10% 592 678 -13% Margin 13.1% 13.9% (79) Bps 11.7% 13.2% (143) Bps PBDT (Cash Profit) 7
Slide 14: Merger of CIL into JK Tyre
“ag Merger of CIL into JK Tyre
Slide 15: Rationale for Merger of CIL into JK Tyre
Rationale for Merger of CIL into JK Tyre Merger will result in all tyre operations in India being housed in one listed company with the following benefits: 1. Synergical Benefits • Improved efficiencies in operations • Economies of scale • Common sales and distribution network • Optimisation of admi
Slide 16: Transaction Mechanics
Transaction Mechanics Public Promoter Group • JK Tyre to issue 92 equity share of face value INR 2 each for every 100 share of INR 10 each held in CIL to shareholders of 49.45% 50.55% CIL as consideration based on fair value and swap ratio given below: JK Tornel, JK Valiant, Mexico 99.98%* TYRE 49%*
Slide 17: Current vis-à-vis resultant structure
Current vis-à-vis resultant structure Current Structure Resultant Structure Public (including Public Promoter Group Promoter Group others) 49.45% 50.55% JK Tornel, JK Valiant, 48.23% 49.31% Mexico 99.98%* TYRE 49%** UAE JK Tornel, 99.98% JK TYRE 49%** Valiant, UAE 13.34% 74.13% 12.51% Mexico * 2.46%
Slide 18: JK Tyre ESG journey
JK Tyre ESG journey 18
Slide 19: 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 Coeff
Slide 20: 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 78 65 Industry Average Industry Best - JK Tyre Environment (89) – Long
Slide 21: &K Skerry ree
&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
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