Apollo Tyres Limited

rs,

Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Sub: Investor Presentation-Q3 FY25 Dear Sirs, February 7, 2025 The Secretary, BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400

INR 69,280

YTD FY25 Financial Performance Revenue EBITDA EBITDA Margins Revenue EBITDA EBITDA Margins INR 69,280 Mn INR 9,470 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 M

INR 9,470

ncial Performance Revenue EBITDA EBITDA Margins Revenue EBITDA EBITDA Margins INR 69,280 Mn INR 9,470 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0

5.0%

enue EBITDA EBITDA Margins Revenue EBITDA EBITDA Margins INR 69,280 Mn INR 9,470 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0%

21.6%

EBITDA Margins Revenue EBITDA EBITDA Margins INR 69,280 Mn INR 9,470 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0% 13.9% Y-o-Y

13.7%

Margins Revenue EBITDA EBITDA Margins INR 69,280 Mn INR 9,470 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0% 13.9% Y-o-Y -401 B

465 Bps

e EBITDA EBITDA Margins INR 69,280 Mn INR 9,470 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0% 13.9% Y-o-Y -401 Bps ROCE* 12.2%

INR 196,998

EBITDA Margins INR 69,280 Mn INR 9,470 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0% 13.9% Y-o-Y -401 Bps ROCE* 12.2% Net Debt / EBI

INR 27,342

INR 69,280 Mn INR 9,470 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0% 13.9% Y-o-Y -401 Bps ROCE* 12.2% Net Debt / EBITDA* 0.7x ROC

3.0%

70 Mn Y-o-Y +5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0% 13.9% Y-o-Y -401 Bps ROCE* 12.2% Net Debt / EBITDA* 0.7x ROCE** 11.4% Net

20.0%

+5.0% Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0% 13.9% Y-o-Y -401 Bps ROCE* 12.2% Net Debt / EBITDA* 0.7x ROCE** 11.4% Net Debt / EBITDA*

13.9%

Y-o-Y -21.6% 13.7% Y-o-Y -465 Bps INR 196,998 Mn INR 27,342 Mn Y-o-Y +3.0% Y-o-Y -20.0% 13.9% Y-o-Y -401 Bps ROCE* 12.2% Net Debt / EBITDA* 0.7x ROCE** 11.4% Net Debt / EBITDA* 0.7x

“Revenue (₹ Mn) 43,319 +4.8% 45,398 Q3 FY24 Q3 FY25 EBITDA Margin (%) 18.1% 11.1% Q3 FY24 Q3 FY25 5 Operating Highlights – Europe1 Q3 FY25 • During the quarter, our volume growth in PCT segment were lower than overall Industry growth.”

“Revenue (€ Mn) 181 176 Q3 FY24 Q3 FY25 EBITDA Margin (%) 20.3% 17.7%”

“Reifencom GmbH (Distribution business) Q3 FY24 Q3 FY25 6 Consolidated Cash Flow & Balance Sheet Highlights Key Highlights • Net debt at the end of Dec’24 decreased by ₹ 4.5 Bn, compared to Sep’24.”

Note

1

Notes

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Note

1. Europe Includes operations of ReifenCom APMEA, 67% Revenue Mix Standalone – YTD FY25 Revenue Mix Consolidated – YTD FY25 By Product By Channel By Product By Channel Others, 8% Light Commercial Vehicle, 8% Farm, 6% Passenger Vehicle, 24% Export, 13% Truck & Bus, 55% OEM, 23% Others, 6% Light Truck, 6% Truck & Bus, 41% OEM, 19% Farm/Off Highway, 9% Passenger Vehicle, 39% Replacement, 64% Replacement, 81% 4 4 Operating Highlights – India Q3 FY25 • Registered good YoY growth in replacement segment revenues for key categories – TBR, PCR and Farm. • We gained market share in the PCR replacement segment and registered c. 45% growth (YoY) in the Vredestein volumes. • OEM segment volumes continued to be soft. CV OEM performance impacted by 1) decline in vehicle production and 2) unfavorable mix in CV segment (higher sales of buses etc). • Reported drop in EBITDA margin YoY and QoQ largely on account of steep raw material inflation (+15% YoY). • We will continue to focus on business fundament

Notes

1. Includes only sales and manufacturing operations , excl. Reifencom GmbH (Distribution business) Q3 FY24 Q3 FY25 6 Consolidated Cash Flow & Balance Sheet Highlights Key Highlights • Net debt at the end of Dec’24 decreased by ₹ 4.5 Bn, compared to Sep’24. The decrease in net debt was primarily on account of lower short-term borrowings. We had observed an increase in working capital in last quarter which has come back to normalized levels. • Also registered marginal decline in long term debt at the end of Dec’24 (compared to Sep’24) Capex (₹ Bn) 7 3 FY24 1HFY25 Free Cash flow (₹ Bn) 30 20 10 - -10 30 10 20 FY24 30 0.8 Sep' 24 Net Debt (₹ Bn) -1 1HFY25 26 0.7 Dec' 24 2.0 1.0 0.0 Net Debt (₹Bn) Net Debt to EBITDA (x) 7 Financial Statements Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q3 FY25 Q3 FY24 Q2 FY25 % Change - YoY % Change - QoQ Revenues Raw Material Staff Cost Other Costs EBITDA EBITDA Margin (%) Depreciation Other Income EBIT EBIT Margin Interest Tax Exceptional