Apollo Tyres Limited

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ATL/SEC/21 February 3, 2022 The Secretary, BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. The Secretary, National Stock Exchange of India Ltd, Exchange Pl

INR 57,075

ot Q3 FY22 Financial Performance Revenue EBITDA EBITDA Margins Q3 FY22 Operational Highlights INR 57,075 Mn INR 7,429 Mn Y-o-Y 9.9% Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-

INR 7,429

ancial Performance Revenue EBITDA EBITDA Margins Q3 FY22 Operational Highlights INR 57,075 Mn INR 7,429 Mn Y-o-Y 9.9% Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps

9.9%

evenue EBITDA EBITDA Margins Q3 FY22 Operational Highlights INR 57,075 Mn INR 7,429 Mn Y-o-Y 9.9% Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps 13.0% Y-o-Y

27.9%

EBITDA Margins Q3 FY22 Operational Highlights INR 57,075 Mn INR 7,429 Mn Y-o-Y 9.9% Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps 13.0% Y-o-Y -682 bps Dilu

INR 2,235

ighlights INR 57,075 Mn INR 7,429 Mn Y-o-Y 9.9% Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps 13.0% Y-o-Y -682 bps Diluted EPS INR 3.52 YTD FY22 Financial Perfor

3.9%

57,075 Mn INR 7,429 Mn Y-o-Y 9.9% Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps 13.0% Y-o-Y -682 bps Diluted EPS INR 3.52 YTD FY22 Financial Performance R

463 bps

R 7,429 Mn Y-o-Y 9.9% Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps 13.0% Y-o-Y -682 bps Diluted EPS INR 3.52 YTD FY22 Financial Performance Revenue EBITDA E

13.0%

n Y-o-Y 9.9% Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps 13.0% Y-o-Y -682 bps Diluted EPS INR 3.52 YTD FY22 Financial Performance Revenue EBITDA EBITDA M

682 bps

Y-o-Y -27.9% Net Profit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps 13.0% Y-o-Y -682 bps Diluted EPS INR 3.52 YTD FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 153,6

INR 3.52

fit Net Profit Margins INR 2,235 Mn 3.9% Y-o-Y -463 bps 13.0% Y-o-Y -682 bps Diluted EPS INR 3.52 YTD FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 153,693 Mn INR 19,477 Mn Y-o-

INR 153,693

-682 bps Diluted EPS INR 3.52 YTD FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 153,693 Mn INR 19,477 Mn Y-o-Y 24.2% Y-o-Y -1.8% Net Profit Net Profit Margins INR 5,250 Mn 3.4% Y

Note

5

Notes

1

Note

1. Europe Includes operations of ReifenCom APMEA, 67% Revenue Mix Standalone – YTD FY22 Revenue Mix Consolidated – YTD FY22 By Product By Channel By Product By Channel Others, 9% Export, 16% Truck & Bus, 57% OEM, 21% Light Commercial Vehicle, 7% Farm/Off Highway, 6% Passanger Vehicle, 21% Others, 6% Light Truck, 6% Truck & Bus, 42% OEM, 18% Farm/Off Highway, 11% Passanger Vehicle, 36% Replacement, 64% Replacement, 82% 4 4 Operating Highlights – India Q3 FY22 • Quarter started on a positive note, however, pace of growth in last two months of the quarter was constrained by: • Muted CV (both OE & Replacement) demand • Steep inflation, especially in fuel/ energy costs • Chip shortage (Passenger Vehicle) • Weakness in agri segment • Continued RM inflation (~4% QoQ) along with tepid demand impacted operating performance • Pricing environment remained stable and we undertook small price increase in replacement segment • Will continue to work on negating RM cost pressure through 1) improvement

Notes

1. Includes only sales and manufacturing operations , excl. Reifencom GmbH (Distribution business) Q3 FY21 Q3 FY22 6 Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 12 Key Highlights • Capex in line with guidance 11 • Marginally increase in net debt from ₹ 50bn (Sep ’21) to ₹ 51bn (Dec ‘21); Significant decrease from ₹ 60bn (Mar ‘20) FY21 H1 FY22 7 FY21 42 1.5 Mar' 21 Free Cash flow (₹ Bn) Net Debt (₹ Bn) H1 FY22 -6 51 1.8 Dec' 21 4 2 0 Net Debt (₹Bn) Net Debt to EBITDA (x) 100 50 0 7 Financial Statements Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q3 FY22 Q3 FY21 Q2 FY22 % Change - YoY % Change - QoQ Revenues Raw Material 1 Staff Cost Other Costs EBITDA EBITDA Margin (%) Depreciation Other Income EBIT EBIT Margin Interest Tax Exceptional Items PAT PAT Margin (%) 10% 12% -28% 16% 57,075 34,271 6,432 8,942 7,429 13.0% 3,443 170 4,156 7.3% 1,083 833 5 2,235 3.9% 51,947 27,039 6,826 7,779 10,302 19.8% 3,273 228 7,257 14.0% 1,049 1,715 55 4,438 8.5% 50,773 29

Note

1. Raw Material consists of cost of materials consumed, purchase of stock-in-trade and changes in inventories of finished goods, stock-in-trade and work-in-progress 9 Profit & Loss (YTD) – Consolidated Particulars (₹ Mn) Revenues Raw Material 1 Staff Cost Other Costs EBITDA EBITDA Margin (%) Depreciation Other Income EBIT EBIT Margin Interest Tax Exceptional Items PAT PAT Margin (%) YTD FY22 153,693 YTD FY21 % Change - YoY 123,713 24% -2% 90,247 19,359 24,609 19,477 12.7% 10,243 863 10,097 6.6% 3,165 1,623 59 5,250 3.4% 66,360 18,429 19,095 19,828 16.0% 9,673 675 10,831 8.8% 3,388 749 6,065 629 0.5%

Note

1. Raw Material consists of cost of materials consumed, purchase of stock-in-trade and changes in inventories of finished goods, stock-in-trade and work-in-progress 10 Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q3 FY22 Q3 FY21 Q2 FY22 % Change - YoY % Change - QoQ Revenues Raw Material 1 Staff Cost Other Costs EBITDA EBITDA Margin (%) Depreciation Other Income EBIT EBIT Margin Interest Tax Exceptional Items PAT PAT Margin (%) 11% 4% -53% -8% 37,917 26,452 2,555 5,460 3,450 9.1% 2,027 190 1,614 4.3% 951 171 - 492 1.3% 34,190 19,419 2,263 5,180 7,328 21.4% 1,770 222 5,780 16.9% 893 1,477 55 3,354 9.8% 36,497 24,604 2,600 5,531 3,762 10.3% 1,951 318 2,129 5.8% 896 331 5 897 2.5%

Note

1. Raw Material consists of cost of materials consumed, purchase of stock-in-trade and changes in inventories of finished goods, stock-in-trade and work-in-progress 11 Profit & Loss (YTD) – Standalone Particulars (₹ Mn) Revenues Raw Material 1 Staff Cost Other Costs EBITDA EBITDA Margin (%) Depreciation Other Income EBIT EBIT Margin Interest Tax Exceptional Items PAT PAT Margin (%) YTD FY22 106,614 72,248 7,778 16,041 10,547 9.9% 5,901 886 5,532 5.2% 2,741 711 13 2,068 1.9% YTD FY21 % Change - YoY 32% -28% 81,038 47,128 6,385 12,788 14,737 18.2% 5,227 657 10,167 12.5% 2,939 2,144 104 4,980 6.1%

Note

1. Raw Material consists of cost of materials consumed, purchase of stock-in-trade and changes in inventories of finished goods, stock-in-trade and work-in-progress 12 For further details please feel free to get in touch with the IR team Ravi Shingari Group Head - Accounts and Taxation ravi.shingari@apollotyres.com Himanshu Sharma Head – IR & Budgeting himanshu.sharma1@apollotyres.com Thank you