Apollo Tyres Limited

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ATL/SEC/21 The Secretary, BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. Sub: Investor Presentation –Q4FY22 Dear Sirs, May 13, 2022 Th

INR 55,783

ot Q4 FY22 Financial Performance Revenue EBITDA EBITDA Margins Q4 FY22 Operational Highlights INR 55,783 Mn INR 6,264 Mn Y-o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368

INR 6,264

ancial Performance Revenue EBITDA EBITDA Margins Q4 FY22 Operational Highlights INR 55,783 Mn INR 6,264 Mn Y-o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-

11%

evenue EBITDA EBITDA Margins Q4 FY22 Operational Highlights INR 55,783 Mn INR 6,264 Mn Y-o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-o-Y -498 Bps

23%

A EBITDA Margins Q4 FY22 Operational Highlights INR 55,783 Mn INR 6,264 Mn Y-o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-o-Y -498 Bps Diluted EPS

INR 1,135

rational Highlights INR 55,783 Mn INR 6,264 Mn Y-o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-o-Y -498 Bps Diluted EPS INR 1.79 FY22 Financial Performanc

2.0%

ights INR 55,783 Mn INR 6,264 Mn Y-o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-o-Y -498 Bps Diluted EPS INR 1.79 FY22 Financial Performance Reven

368 Bps

783 Mn INR 6,264 Mn Y-o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-o-Y -498 Bps Diluted EPS INR 1.79 FY22 Financial Performance Revenue EBITDA EBITD

11.2%

NR 6,264 Mn Y-o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-o-Y -498 Bps Diluted EPS INR 1.79 FY22 Financial Performance Revenue EBITDA EBITDA Margi

498 Bps

o-Y 11% Y-o-Y -23% Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-o-Y -498 Bps Diluted EPS INR 1.79 FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 209,476 M

INR 1.79

Net Profit PAT Margins INR 1,135 Mn 2.0% Y-o-Y -368 Bps 11.2% Y-o-Y -498 Bps Diluted EPS INR 1.79 FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 209,476 Mn INR 25,741 Mn Y-o-Y 2

INR 209,476

o-Y -498 Bps Diluted EPS INR 1.79 FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 209,476 Mn INR 25,741 Mn Y-o-Y 20.4% Net Profit INR 6,386 Mn Y-o-Y -8.0% PAT Margins 3.0% Y-o-Y 1

“• Continue to win podium positions in test results • Quatrac (All Season) : Auto Zeitung 2021 • Wintrac Pro (Winter) : Auto Zeitung 2021 • Ultrac Vorti+ (Summer) : Auto Bild Sportscars • Expect demand momentum to remain strong going forward, although commodity inflation could weigh on operating performance.”

“Reifencom GmbH (Distribution business) Q4 FY21 Q4 FY22 6 Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 18 12 FY21 FY22 Free Cash flow (₹ Bn) 7 FY21 42 1.5 46 41 36 Net Debt (₹ Bn) FY22 -2 46 1.8 2 1.5 1 Mar' 21 Net Debt (₹Bn) Mar' 22 Net Debt to EBITDA (x) Key Highlights • Capex in line with guidance.”

Note

1

Notes

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Note

1. Europe Includes operations of ReifenCom APMEA, 67% Revenue Mix Standalone – FY22 Revenue Mix Consolidated – FY22 By Product By Channel By Product By Channel Others, 4% Light Commercial Vehicle, 7% Farm/ Off Highway, 10% Passanger Vehicle, 21% Export, 16% Truck & Bus, 58% OEM, 22% Others, 6% Light Truck, 6% Truck & Bus, 43% OEM, 19% Farm/Off Highway, 10% Passanger Vehicle, 35% Replacement, 63% Replacement, 81% 4 4 Operating Highlights – India Q4 FY22 • Quarter impacted by Covid initially and then steep commodity inflation towards the end of the quarter. • Despite difficult operating environment, timely pricing actions taken to negate commodity costs. This helped in sequential margin improvement (gross and EBITDA). • Pricing environment remained stable and we undertook price increase of ~ 3% to 4% in replacement segment. Will continue to take well timed pricing actions to reach our intended margin range • In terms of demand outlook, growth momentum expected to be subdued, impacted by

Notes

1. Includes only sales and manufacturing operations , excl. Reifencom GmbH (Distribution business) Q4 FY21 Q4 FY22 6 Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 18 12 FY21 FY22 Free Cash flow (₹ Bn) 7 FY21 42 1.5 46 41 36 Net Debt (₹ Bn) FY22 -2 46 1.8 2 1.5 1 Mar' 21 Net Debt (₹Bn) Mar' 22 Net Debt to EBITDA (x) Key Highlights • Capex in line with guidance. • Marginal increase in net debt from ₹ 42bn (Mar ’21) to ₹ 46bn (Mar ‘22). • Net Debt increase on account of lower cash & cash equivalents. The gross debt during the period has come down from ₹ 64bn (Mar ‘21) to ₹ 62bn (Mar ‘22). 7 Financial Statements Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q4 FY22 Q4 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 (%) 55,783 33,608 6,383 9,528 6,264 11.2% 3,753 372 2,882 5.2% 1,279 467 - 1,135 2.0% 50,257