Balkrishna Industries Limited has informed the Exchange regarding ''.Investor Presentation January, 25
BALKRISHNA INDUSTRIES LTD.
Investor Presentation
January’25
Safe Harbor
GROWING TOGETHER
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 subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the tire industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections.
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Performance Snapshot – Q3FY25
GROWING TOGETHER
Sales Volume
76,343 MT
+5% YoY
EBITDA
Rs. 639 cr
+9% YoY
Net Profit
Rs. 439 cr
+42% YoY
Revenue
Rs. 2,571 cr
+11% YoY
EBITDA Margin
24.85%
-52bps YoY
Dividend*
Rs. 4/- per equity share
All Figures on Standalone basis
* 3rd nterim Dividend
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Performance Snapshot – 9MFY25
GROWING TOGETHER
Sales Volume
233,211 MT
+11% YoY
EBITDA
Rs. 1,979 cr
+22% YoY
Net Profit
Rs. 1,266 cr
+32% YoY
Revenue
Rs. 7,778 cr
+16% YoY
EBITDA Margin
25.44%
+115 bps YoY
Dividend*
Rs. 12/- per equity share
All Figures on Standalone basis
* Total of 1st, 2nd and 3rd Interim Dividend
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Sales Volume Profile
GROWING TOGETHER
2,27,131
2,88,795
FY21
FY22
3,01,181
2,92,628
FY23
FY24 FY24
Sales volumes in MT
All Figures on Standalone basis
233,211
9MFY25
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Volume Profile
GROWING TOGETHER
Segmental Sales
Channel Sales
Geographical Sales
3.4%
1.5%
12.1%
25.2%
37.6%
9MFY25
59.0%
9MFY25
28.9%
9MFY25
42.6%
Agriculture
OTR
Others
Replacement
OEM
Others
Europe
Americas
India
RoW
73.3%
16.4%
All Figures on Standalone basis
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Profit & Loss
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Particulars (Rs in Cr)
Q3FY25
Q3FY24
Sales (MT)
76,343
72,749
Revenue from Operations
Realized Gain on Foreign Exchange
Total Income
Raw Material
(Increase) / Decrease in Stock
Employee Expenses
Other Expenses
EBITDA Margin
Other Income
Unrealized Gain / (Loss)
Interest & Finance Charges (Net)
EBITDA
Depreciation
Tax
Profit Before Tax
Profit After Tax
2,541
31
2,571
1,300
-77
131
578
639
2,280
36
2,316
1,115
-3
114
504
588
24.8%
25.4%
24
112
15
171
589
150
439
71
-53
35
159
411
102
309
PAT Margin
17.1%
13.3%
YoY
5%
11%
9%
43%
42%
Standalone
9MFY25
9MFY24
2,33,211
2,10,543
YoY
11%
16%
22%
6,626
53
6,678
3,270
-55
331
1,511
1,622
24.3%
189
5
79
471
7,666
111
7,778
3,767
-88
366
1,755
1,979
25.4%
211
65
76
497
1,681
415
1,266
16.3%
1,265
33%
309
957
14.3%
32%
FY24
2,92,628
9,299
77
9,375
4,521
-47
441
2,138
2,322
24.8%
275
55
109
644
1,899
461
1,438
15.3%
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Balance Sheet
Particulars (Rs. Cr.) ASSETS Non-current assets Property, Plant and Equipment Capital work-in-progress Investment Property Other Tangible Assets Right of use Assets Financial Assets (i) Investments (ii) Other Financial Assets Income Tax Assets (Net) Other non-current assets Current assets Inventories Financial Assets (i) Investments (ii) Trade Receivables (iii) Cash and cash equivalents (iv) Bank Balances other than (iii) above (v) Loans (vi) Others Other Current Assets TOTAL
All Figures on Standalone basis
Sep’24
Mar’24
9,131 6,289 866 62 0 15
1,326 92 - 480 5,308 1,594
1,574 1,476 89 5 9 81 480 14,439
9,012 6,204 944 64 1 15
1,338 155 15 277 4,593 1,271
1,349 1,543 47 5 7 70 301 13,605
Particulars (Rs. Cr.) EQUITY AND LIABILITIES EQUITY Equity Share Capital Other Equity
Non-Current Liabilities Financial Liabilities (i)Borrowings (ii)Other Financial Liabilities Provisions Deferred Tax Liabilities (Net) Other Non-Current Liabilities
Current liabilities Financial Liabilities (i) Borrowings (ii) Trade Payables (iii) Other Financial Liabilities Other Current Liabilities Provisions Tax Liabilities TOTAL
GROWING TOGETHER
Sep’24
Mar’24
9,404 39 9,366
8,862 39 8,823
1,132
1,162
561 119 34 328 90
691 16 30 349 75
3,903
3,581
2,501 921 157 293 5 26 14,439
2,345 893 156 182 4 - 13,605
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Cash Flow
Particulars (Rs. Cr.)
Operating profit before working capital changes
Changes in working capital
Cash generated from operations
Direct taxes paid (net of refund) and others
Net Cash from Operating Activities
Net Cash from Investing Activities
Net Cash from Financing Activities
Net Change in cash and cash equivalents
GROWING TOGETHER
H1FY25
1,345
-283
1,062
-203
859
-569
-249
42
FY24
2,307
163
2,470
-418
2,052
-1,468
-568
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All Figures on Standalone basis
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Resilient Business Model
GROWING TOGETHER
Gross Cash and Cash equivalents of Rs. 2,942 Cr as on 31st December, 2024
Diversified Product Portfolio, spread across Agriculture, Industrial, Construction, Earthmoving, Mining, Port, Lawn and Garden and ATV tires
Self Reliant in Carbon Black along with Multiple sourcing arrangements for other Raw Materials
Total Achievable capacity of ~360,000 MT p.a.
BKT has built a resilient business model and is confident to withstand the near-term challenges to emerge stronger with a higher global market share
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Strategy at BKT
GROWING TOGETHER
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Balkrishna Industries – A Snapshot
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Leading ‘Off-Highway Tire” Exporter BKT is India’s Leading player in the Global ‘Off Highway Tire (OHT)’ Market
Wide and comprehensive product portfolio Deep understanding of OHT market has led to capabilities to manufacture over 3,200 SKUs
Capacities The current tire achievable capacity is 360,000 MTPA The current carbon black achievable capacity is 200,000 MTPA including 30,000 MTPA high value Advanced Carbon material
Global reach Sales to over 160 countries through Distribution network in Americas, Europe, India and Rest of the World
Strong OEM Presence Strong Partnerships with Global OEM’s a testimony of our Brand Acceptance & Performance
Experienced Management Team Experienced Management Teams across business divisions and verticals
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India Production and Global Sales
GROWING TOGETHER
Waluj, Maharashtra
Bhiwadi, Rajasthan
Chopanki, Rajasthan
Bhuj, Gujarat
Mould plant, Dombivali
India Our Manufacturing Base
Note – Maps not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness
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Serving Global OEMs…
GROWING TOGETHER
http://tbn1.google.com/images?q=tbn:-kiZDEe98GLVmM:http://www.combineworld.com/images/johndeere-parts.jpg
http://t1.gstatic.com/images?q=tbn:7iu9HNmNABKLqM:http://www.koc.com.tr/tr-tr/KocBrands/T%C3%BCrk%2520Trakt%C3%B6r.png
The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only
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Business Practices Driving Long-Term Sustainability
GROWING TOGETHER
Energy Efficiency
Environment
Waste Management
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To ensure energy efficiency Initiated use of ‘Green Energy’ – installing 5MW windmills and 2 MW solar power plants for our greenfield projects 40MW Captive Power Plant Capacity Installed 66TPH tail gas boiler received from carbon black plant thus recycling waste gases & reducing coal consumption Installation of power management system to increase power generation from turbine set
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Controlled emissions through electrostatic precipitators in boilers and discharge through appropriate effluent treatment plants Planted approximately 1,00,000 trees in and around Bhuj plant
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Implemented disciplined waste management system for systematic collection of scrap and safe storage/disposal, re-use of wastes Promoted industrial recycling of waste like and reclaim rubber, rubberized friction compound Usage of Jumbo plastic bags replaced by mobile silos for carbon black transfer to Tire plants Foldable container usage for carbon black transfer to other tire plants
powder
crumb
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Promoting Education, Health & Rural Development
GROWING TOGETHER
Our Endeavour is to improve the lives of children and adults, and our mission is to ensure health with dignity to every underprivileged children and adult
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BKT – A Strong Global Brand from INDIA
GROWING TOGETHER
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Strengthening BKT Brand : Americas
GROWING TOGETHER
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
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Strengthening BKT Brand : Canada
GROWING TOGETHER
BKT Continental Cup – Curling: BKT is the Title Sponsor of Continental Cup
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Strengthening BKT Brand: Spain, Europe
GROWING TOGETHER
BKT is the Official Global Partner for the Spanish Football League “La Liga”
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Strengthening BKT Brand: Italy, Europe
GROWING TOGETHER
BKT is the Title Sponsor for the ITALIAN SERIE ‘B’ FOOTBALL CHAMPIONSHIP – THE NEWBORN - “SERIE BKT”
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Strengthening BKT Brand: France, Europe
GROWING TOGETHER
BKT is the Sponsor for the “LIGUE de Football Professionel (LFP)” in France
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Strengthening BKT Brand : EUROPE
GROWING TOGETHER
Premium Partner of EUROLEAGUE BASKETBALL
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Strengthening BKT Brand : Tractor of the year (TotY) - EUROPE
GROWING TOGETHER
Team of expert journalists in agricultural mechanization, assign the Tractor of the Year (TotY) award to the ‘Best European Tractor’
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Strengthening BKT Brand
GROWING TOGETHER
Official Tire Partner of Six Nations Rugby spanning the Guinness Men’s and Guinness Women’s Six Nations
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Strengthening BKT Brand : Australia
GROWING TOGETHER
BKT is the Official “OFF-HIGHWAY TIRE PARTNER” for KFC BIG BASH LEAGUE (THE AUSTRALIAN CRICKET LEAGUE)
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Strengthening BKT Brand : India
GROWING TOGETHER
The Brand Names and logos mentioned are the property of their respective owners and are used here for identification purposes only
Official Partner of Teams in the Cricket T20 League for Season 17
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Strengthening BKT Brand : India
GROWING TOGETHER
Click here for the BKT Video
Ranveer Singh is the Brand Ambassador of BKT
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Thank You
Company
Investor Relations Advisor
Balkrishna Industries Ltd. CIN - L99999MH1961PLC012185 Mr. M S. Bajaj - Senior President & Director (Commercial) & CFO
msbajaj@bkt-tires.com investors@bkt-tires.com www.bkt-tires.com
Strategic Growth Advisors Pvt. Ltd. CIN - U74140MH2010PTC204285 Mr. Shogun Jain shogun.jain@sgapl.net
+91 77383 77756 www.sgapl.net
All images, texts and graphics contained in this document are the copyright of BKT. Permission to print hard copies of this material and to share it with interested people is granted unless otherwise provided by the Author of the document. It is forbidden to extract parts of the presentation without the express consent of the author. Balkrishna Industries Limited (BKT) cannot be held responsible for any incorrect data contained in this document. Any other form of reproduction, electronic or otherwise, as well as the application of any changes, partially or entirely, to images, texts, graphs and data is strictly prohibited without prior written permission from BKT. Balkrishna Industries Limited (BKT) reserves itself the right to alter any details contained in the document without prior notice.