Slide 1: Exchange filing cover letter: Investor Presentation Q2 FY23
ATL/ SEC/21 November 16, 2022 The Secretary, The Secretary, National Stock Exchange of India Ltd., BSE Ltd. Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400001. Mumbai - 400 051 Sub: Investor Presentation-Q2 FY23 Dear Sirs, Pursuant to Regulatio
Slide 2: Earnings Presentation | Q2 FY23
Earnings Presentation | Q2 FY23
Slide 3: Disclaimer
Disclaimer These materials have been prepared by Apollo Tyres Limited together with its subsidiaries (the “Company”), are for informational purposes only and do not constitute a prospectus or an offer document, or form part of an offer, solicitation or invitation of any offer to purchase or subscrib
Slide 4: Consolidated Financial Snapshot
Consolidated Financial Snapshot Q2 FY23 Financial Performance Revenue EBITDA EBITDA Margins Q2 FY23 Operational Highlights INR 59,560 Mn INR 7,120 Mn 12.0% • Reported double digit growth (YoY) in Consolidated top Y-o-Y Y-o-Y Y-o-Y line and EBITDA, despite challenging environment +17% +12% -61 Bps •
Slide 5: Performance Summary – YTD FY23
Performance Summary – YTD FY23 Revenue Revenue Mix Mix Consolidated– Consolidated –YTD YTDFY23 FY22 Consolidated Consolidated By Region Others, Revenue of EBITDA of 4% ~₹119 Bn ~₹14 Bn (11.8%) Europe1, 27% Capacity Utilization India Europe 76% 89% APMEA, 69% Note: 1. Europe Includes operations of Re
Slide 6: Operating Highlights – India
Operating Highlights – India Revenue (₹ Mn) Q2 FY23 42,519 • Quarter was once again marked by RM inflation. 36,497 • Despite adverse environment, reported 17% YoY increase in revenues, largely driven by price increases • Pricing environment remained stable, and we undertook price increase up to ~ 5%
Slide 7: Operating Highlights – Europe
Operating Highlights – Europe1 Q2 FY23 Revenue (€ Mn) 181 • PCLT market declined by ~9.5%, mainly on account of high channel inventory. All season continued to outperform overall market with marginal growth 138 • Undertook price hikes to the extent of 5% - 12% during the quarter (PCR and TBR) • Mark
Slide 8: Consolidated Cash Flow & Balance Sheet Highlights
Consolidated Cash Flow & Balance Sheet Highlights 18 Capex (₹ Bn) Key Highlights • Capex in line with guidance. 4 • Marginal increase in net debt from ₹ 47bn (Mar ’22) to ₹ FY22 YTD FY23 55bn (Jun ‘22). • Net Debt increase on account of lower cash & cash equivalents. The gross debt during the period
Slide 9: Financial Statements
Financial Statements
Slide 10: Profit & Loss (Quarterly) – Consolidated
Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q2 FY23 Q2 FY22 Q1 FY23 % Change - YoY % Change - QoQ Revenues 59,560 50,773 59,420 17% 0% Raw Material 36,406 29,731 35,840 Staff Cost 6,141 6,391 6,453 Other Costs 9,893 8,271 10,229 EBITDA 7,120 6,380 6,898 12% 3% EBITDA Margin (%) 12.0%
Slide 11: Profit & Loss (YTD) – Consolidated
Profit & Loss (YTD) – Consolidated Particulars (₹ Mn) YTD FY23 YTD FY22 % Change - YoY Revenues 1,18,980 96,618 23% Raw Material 72,246 55,976 Staff Cost 12,593 12,927 Other Costs 20,123 15,667 EBITDA 14,018 12,048 16% EBITDA Margin (%) 11.8% 12.5% Depreciation 6,923 6,800 Other Income 175 693 EBIT
Slide 12: Profit & Loss (Quarterly) – Standalone
Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q2 FY23 Q2 FY22 Q1 FY23 % Change - YoY % Change - QoQ Revenues 42,519 36,497 44,362 17% -4% Raw Material 29,901 24,604 31,211 Staff Cost 2,480 2,600 2,604 Other Costs 5,765 5,531 6,259 EBITDA 4,374 3,762 4,288 16% 2% EBITDA Margin (%) 10.3% 1
Slide 13: Profit & Loss (YTD) – Standalone
Profit & Loss (YTD) – Standalone Particulars (₹ Mn) YTD FY23 YTD FY22 % Change - YoY Revenues 86,882 68,697 26% Raw Material 61,112 45,796 Staff Cost 5,083 5,223 Other Costs 12,024 10,580 EBITDA 8,662 7,097 22% EBITDA Margin (%) 10.0% 10.3% Depreciation 4,380 3,875 Other Income 480 696 EBIT 4,762 3,
Slide 14: Thank you
For further details please feel free to get in touch with the IR team Himanshu Sharma Head – IR & Budgeting himanshu.sharma1@apollotyres.com Thank you