Apollo Tyres Limited

rs,

Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Sub: Investor Presentation-Q1 FY23 Dear Sirs, August 16, 2022 The Secretary, BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 4000

INR 59,420

ot Q1 FY23 Financial Performance Revenue EBITDA EBITDA Margins Q1 FY23 Operational Highlights INR 59,420 Mn INR 6,898 Mn Y-o-Y +30% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-

INR 6,898

ancial Performance Revenue EBITDA EBITDA Margins Q1 FY23 Operational Highlights INR 59,420 Mn INR 6,898 Mn Y-o-Y +30% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11

30%

venue EBITDA EBITDA Margins Q1 FY23 Operational Highlights INR 59,420 Mn INR 6,898 Mn Y-o-Y +30% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11.6% Y-o-Y -75

22%

EBITDA Margins Q1 FY23 Operational Highlights INR 59,420 Mn INR 6,898 Mn Y-o-Y +30% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11.6% Y-o-Y -75 Bps Dilute

INR 1,907

Highlights INR 59,420 Mn INR 6,898 Mn Y-o-Y +30% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11.6% Y-o-Y -75 Bps Diluted EPS INR 3.00 FY22 Financial Performance

3.2%

NR 59,420 Mn INR 6,898 Mn Y-o-Y +30% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11.6% Y-o-Y -75 Bps Diluted EPS INR 3.00 FY22 Financial Performance Revenue

42 Bps

INR 6,898 Mn Y-o-Y +30% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11.6% Y-o-Y -75 Bps Diluted EPS INR 3.00 FY22 Financial Performance Revenue EBITDA EBITDA

11.6%

8 Mn Y-o-Y +30% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11.6% Y-o-Y -75 Bps Diluted EPS INR 3.00 FY22 Financial Performance Revenue EBITDA EBITDA Margin

75 Bps

0% Y-o-Y +22% Net Profit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11.6% Y-o-Y -75 Bps Diluted EPS INR 3.00 FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 209,476 M

INR 3.00

rofit Net Profit Margins INR 1,907 Mn 3.2% Y-o-Y -42 Bps 11.6% Y-o-Y -75 Bps Diluted EPS INR 3.00 FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 209,476 Mn INR 25,741 Mn Y-o-Y 2

INR 209,476

-o-Y -75 Bps Diluted EPS INR 3.00 FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 209,476 Mn INR 25,741 Mn Y-o-Y 20.4% Y-o-Y -8.0% Net Profit Net Profit Margins INR 6,386 Mn 3.0% Y

“• Expect demand momentum to remain strong going forward, although commodity inflation could weigh on recessionary operating performance.”

“Reifencom GmbH (Distribution business) Q1 FY22 Q1 FY23 6 Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 18 12 FY21 FY22 Free Cash flow (₹ Bn) 7 FY21 47 1.8 50 40 Net Debt (₹ Bn) FY22 -2 51 1.9 1.9 1.7 Mar' 22 Net Debt (₹Bn) Jun' 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, 70% Revenue Mix Standalone – YTD FY23 Revenue Mix Consolidated – YTD FY23 By Product Others, 4% Light Commercial Vehicle, 8% Farm/ Off Highway, 9% Passanger Vehicle, 20% By Channel By Product By Channel Export, 17% Truck & Bus, 60% OEM, 23% Others, 5% Light Truck, 6% Farm/Off Highway, 11% Passanger Vehicle, 33% Replacement, 60% Truck & Bus, 45% OEM, 21% Replacement, 79% 4 4 Operating Highlights – India Q1 FY23 • Quarter was marked by continued cost inflation and well-timed price actions across categories. • Despite adverse environment, reported 38% YoY / 11% QoQ increase in revenues and sequential improvement in EBITDA margin. • Pricing environment remained stable and we undertook price increase up to ~ 8% 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 inflationary pressures and seasonality. Reve

Notes

1. Includes only sales and manufacturing operations , excl. Reifencom GmbH (Distribution business) Q1 FY22 Q1 FY23 6 Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 18 12 FY21 FY22 Free Cash flow (₹ Bn) 7 FY21 47 1.8 50 40 Net Debt (₹ Bn) FY22 -2 51 1.9 1.9 1.7 Mar' 22 Net Debt (₹Bn) Jun' 22 Net Debt to EBITDA (x) Key Highlights • Capex in line with guidance. • Marginal increase in net debt from ₹ 47bn (Mar ’22) to ₹ 51bn (Jun ‘22). • Net Debt increase on account of lower cash & cash equivalents. The gross debt during the period has come down from ₹ 62bn (Mar ‘22) to ₹ 59bn (Jun ‘22). 7 Financial Statements Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q1 FY23 Q1 FY22 Q4 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 (%) 59,420 34,005 6,453 10,229 6,898 11.6% 3,437 106 3,567 6.0% 1,182 478 - 1,907 3.2% 45,845 2