Balkrishna Industries Limited · NSE:BALKRISIND
Balkrishna Industries — Q1 FY22 Earnings Presentation
29 slides from Balkrishna Industries's earnings presentation, August 2021
Slide 1: Balkrishna Industries Ltd Investor Presentation August 2021
BALKRISHNA INDUSTRIES LTD Investor Presentation - August 2021 August ‘21
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 – Q1FY22
GROWING TOGETHER Performance Snapshot – Q1FY22 68,608 MT Rs 535 cr Rs 331 cr Sales Volume EBITDA Net Profit +80% YoY +106% YoY +172% YoY Rs. 1,828 cr 29.2% Revenue EBITDA Margin +94% YoY +169bps YoY Declared 1st Interim Dividend of Rs. 4/- per equity share All Figures on Standalone basis 3
Slide 4: Management Commentary
GROWING TOGETHER Management Commentary Continue to witness strong demand tailwinds across geographies and segments. This is visible in our sales volume numbers where we have clocked 68,608 MT for Q1FY22 which is our highest quarterly sales volumes Expect this momentum to continue as economic activit
Slide 5: Sales Volume Profile – Q1FY22
Sales Volume Profile – Q1FY22 GROWING TOGETHER In MT +7% 2,27,131 2,11,261 1,99,213 201,760 1,72,419 68,608 FY17 FY18 FY19 FY20 FY21 Q1FY22 Highest ever Quarterly Sales Volume in Q1FY22 All Figures on Standalone basis 5
Slide 6: Volume Profile
Volume Profile GROWING TOGETHER Segmental Sales Channel Sales Geographical Sales 3.2% 2.6% 12.2% 25.6% 30.9% 19.0% Q1FY22 Q1FY22 Q1FY22 52.7% 65.9% 71.9% 16.1% 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) Q1FY22 Q1FY21 YoY FY21 Sales (MT) 68,608 38,096 80% 2,27,131 The contingent liability as of 31st March Revenue from Operations 1,813 929 5,758 2021 was Rs. 65.4 Cr as disclosed in our Realized Gain on Foreign Exchange 15 13 -18 Annual
Slide 8: Net Forex Gain/(Loss)
Net Forex Gain/(Loss) GROWING TOGETHER Standalone Particulars (Rs in Cr) Q1FY22 Q1FY21 FY21 Foreign Exchange Fluctuation on Sales 15 13 -18 Foreign Exchange Fluctuation on Others 7 8 42 Total Realised Gain/(Loss) – A 22 21 24 Total Unrealized Gain/(Loss) - B 17 -29 18 Net Forex Gain/(Loss) = A + B 3
Slide 9: Balance Sheet
Balance Sheet GROWING TOGETHER Particulars (Rs. Cr.) Mar’21 Mar’20 Particulars (Rs. Cr.) Mar’21 Mar’20 ASSETS EQUITY AND LIABILITIES Non-current assets 5,649 4,854 EQUITY 6,007 5,028 Property, Plant and Equipment 3,247 3,189 Equity Share Capital 39 39 Capital work-in-progress 856 586 Other Equity 5,
Slide 10: Resilient Business Model
GROWING TOGETHER Resilient Business Model Long Term Debt Free Cash and Cash equivalents of Rs. 1,557 Cr as on 30th June 2021 Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires Self Reliant in Carbon Black along
Slide 11: New Capex of Rs. 1,900cr
New Capex of Rs. 1,900cr 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 ▪ Capex cost of up to Rs. 800cr ✓ Rs. 1,900cr Capex to b
Slide 12: Strategy at BKT
GROWING TOGETHER Strategy at BKT 12
Slide 13: 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 14: 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 14
Slide 15: 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 16: 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 17: 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 18: 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 19: BKT – A Strong Global Brand from INDIA
GROWING TOGETHER BKT – A Strong Global Brand from INDIA 19
Slide 20: 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 20
Slide 21: Strengthening BKT Brand : Canada
GROWING TOGETHER Strengthening BKT Brand : Canada BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup 21
Slide 22: Strengthening BKT Brand: Spain
Strengthening BKT Brand: Spain GROWING TOGETHER BKT is the Official Global Partner for the Spanish Football League “La Liga” 22
Slide 23: 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” 23
Slide 24: 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 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 26 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 28
Slide 29: 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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