Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q4 FY24 Earnings Presentation
30 slides from Balkrishna Industries's earnings presentation, May 2024
Slide 1: Balkrishna Industries Ltd. Investor Presentation
BALKRISHNA INDUSTRIES LTD. Investor Presentation May’24
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 – Q4FY24
Performance Snapshot – Q4FY24 GROWING TOGETHER Sales Volume Revenue 82,085 MT Rs. 2,697 cr +13% YoY +16% YoY EBITDA EBITDA Margin 25.9% Rs. 699 cr +467bps YoY +42% YoY Net Profit Final Dividend* Rs. 481 cr Rs. 4 per equity share +88% YoY All Figures on Standalone basis Final Dividend is subject to a
Slide 4: Performance Snapshot – FY24
Performance Snapshot – FY24 GROWING TOGETHER Sales Volume Revenue 2,92,628 MT Rs. 9,375 cr -3% YoY -7% YoY EBITDA EBITDA Margin 24.8% Rs. 2,322 cr +463bps YoY +14% YoY Net Profit Total Dividend* Rs. 1,438 cr Rs. 16 per equity share +33% YoY All Figures on Standalone basis Total Dividend includes Fin
Slide 5: Sales Volume Profile
Sales Volume Profile GROWING TOGETHER 3,01,181 2,92,628 2,88,795 2,27,131 FY23 FY24 FY22 FY21 Sales volumes in MT All Figures on Standalone basis 5
Slide 6: Volume Profile
Volume Profile GROWING TOGETHER Segmental Sales Channel Sales Geographical Sales 3.3% 1.9% 9.2% 27.0% 36.2% 26.8% 47.1% FY24 FY24 FY24 60.5% 71.1% 16.9% Agriculture OTR Others Replacement OEM Others Europe Americas India RoW All Figures on Standalone basis 6
Slide 7: Profit & Loss
Profit & Loss GROWING TOGETHER Standalone Particulars (Rs in Cr) Q4FY24 Q4FY23 YoY Q3FY24 QoQ FY24 FY23 YoY Sales (MT) 82,085 72,676 13% 72,749 13% 2,92,628 3,01,181 -3% Revenue from Operations 2,673 2,318 2,280 9,299 9,811 Realized Gain on Foreign Exchange 24 7 36 77 262 Total Income 2,697 2,324 16
Slide 8: Net Forex Gain/(Loss)
Net Forex Gain/(Loss) GROWING TOGETHER Particulars (Rs in Cr) Q4FY24 Q4FY23 FY24 FY23 Foreign Exchange Fluctuation on Sales 24 7 77 262 Foreign Exchange Fluctuation on Others 10 17 41 51 Total Realised Gain/(Loss) – A 34 23 118 313 Total Unrealized Gain/(Loss) - B 49 3 55 -88 Net Forex Gain/(Loss) =
Slide 9: Balance Sheet
Balance Sheet GROWING TOGETHER Particulars (Rs. Cr.) Mar’24 Mar’23 Particulars (Rs. Cr.) Mar’24 Mar’23 ASSETS EQUITY AND LIABILITIES Non-current assets 9,012 8,385 EQUITY 8,862 7,589 Property, Plant and Equipment 6,204 5,263 Equity Share Capital 39 39 Capital work-in-progress 944 1,392 Other Equity
Slide 10: Cash Flow
Cash Flow GROWING TOGETHER Particulars (Rs. Cr.) FY24 FY23 Operating profit before working capital changes 2,307 1,997 Changes in working capital 163 -244 Cash generated from operations 2,470 1,752 Direct taxes paid (net of refund) and others -418 -338 Net Cash from Operating Activities 2,052 1,414
Slide 11: Resilient Business Model
GROWING TOGETHER Resilient Business Model Gross Cash and Cash equivalents of Rs. 2,746 Cr as on 31st March, 2024 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along with Multip
Slide 12: Strategy at BKT
GROWING TOGETHER Strategy at BKT 12
Slide 13: 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 14: India Production and Global Sales
GROWING TOGETHER 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 accu
Slide 15: Serving Global OEMs…
Serving Global OEMs… GROWING TOGETHER http://tbn1.google.com/images?q=tbn:-kiZDEe98GLVmM:http://www.combineworld.com/images/johndeere-parts.jpg http://t1.gstatic.com/images?q=tbn:7iu9HNmNABKLqM:http://www.koc.com.tr/tr-tr/KocBrands/T%C3%BCrk%2520Trakt%C3%B6r.png The Brand Names and logos mentioned a
Slide 16: Business Practices Driving Long-Term Sustainability
Business Practices Driving Long-Term GROWING TOGETHER Sustainability Energy Efficiency Environment Waste Management • Implemented disciplined waste • To ensure energy efficiency Initiated use of ‘Green • Controlled emissions through electrostatic management system for systematic Energy’ – installing
Slide 17: 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 17
Slide 18: BKT – A Strong Global Brand from INDIA
GROWING TOGETHER BKT – A Strong Global Brand from INDIA 18
Slide 19: 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 19
Slide 20: Strengthening BKT Brand : Canada
GROWING TOGETHER Strengthening BKT Brand : Canada BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup 20
Slide 21: 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” 21
Slide 22: 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” 22
Slide 23: 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 23
Slide 24: Strengthening BKT Brand: EUROPE
GROWING TOGETHER Strengthening BKT Brand: EUROPE BKT is associated with United Rugby Championship 24
Slide 25: Strengthening BKT Brand : EUROPE
GROWING TOGETHER Strengthening BKT Brand : EUROPE Premium Partner of EUROLEAGUE BASKETBALL 25
Slide 26: Strengthening BKT Brand : Tractor of the year (TotY) - 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’ 26
Slide 27: 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) 27
Slide 28: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Official Partner of Teams in the Cricket T20 League for Season 17 The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only 28
Slide 29: Strengthening BKT Brand : India
Strengthening BKT Brand : India GROWING TOGETHER Click here for the BKT Video Ranveer Singh is the Brand Ambassador of BKT 29
Slide 30: 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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