Apollo Tyres Limited

rs,

Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Sub: Investor Presentation-Q4 FY25 Dear Sirs, May 15, 2025 The Secretary, BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001.

INR 64,236

ance FY25 Financial Performance Revenue EBITDA EBITDA Margins Revenue EBITDA EBITDA Margins INR 64,236 Mn INR 8,374 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 M

INR 8,374

ncial Performance Revenue EBITDA EBITDA Margins Revenue EBITDA EBITDA Margins INR 64,236 Mn INR 8,374 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9

2.6%

enue EBITDA EBITDA Margins Revenue EBITDA EBITDA Margins INR 64,236 Mn INR 8,374 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7%

18.5%

EBITDA Margins Revenue EBITDA EBITDA Margins INR 64,236 Mn INR 8,374 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7% 13.7% Y-o-Y

13.0%

Margins Revenue EBITDA EBITDA Margins INR 64,236 Mn INR 8,374 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7% 13.7% Y-o-Y -385 B

339 Bps

e EBITDA EBITDA Margins INR 64,236 Mn INR 8,374 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7% 13.7% Y-o-Y -385 Bps ROCE* 11.0%

INR 261,234

EBITDA Margins INR 64,236 Mn INR 8,374 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7% 13.7% Y-o-Y -385 Bps ROCE* 11.0% Net Debt / EBI

INR 35,715

INR 64,236 Mn INR 8,374 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7% 13.7% Y-o-Y -385 Bps ROCE* 11.0% Net Debt / EBITDA* 0.8x ROC

2.9%

74 Mn Y-o-Y +2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7% 13.7% Y-o-Y -385 Bps ROCE* 11.0% Net Debt / EBITDA* 0.8x ROCE 11.0% Net De

19.7%

+2.6% Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7% 13.7% Y-o-Y -385 Bps ROCE* 11.0% Net Debt / EBITDA* 0.8x ROCE 11.0% Net Debt / EBITDA* 0

13.7%

Y-o-Y -18.5% 13.0% Y-o-Y -339 Bps INR 261,234 Mn INR 35,715 Mn Y-o-Y +2.9% Y-o-Y -19.7% 13.7% Y-o-Y -385 Bps ROCE* 11.0% Net Debt / EBITDA* 0.8x ROCE 11.0% Net Debt / EBITDA* 0.8x *

“We registered highest ever Vredestein volumes in Q4 FY25.”

Note

1

Notes

1

Note

1. Europe Includes operations of ReifenCom Revenue Mix Standalone – FY25 Revenue Mix Consolidated – FY25 By Product By Channel By Product By Channel Others, 9% Export, 13% Truck & Bus, 55% OEM, 24% Light Commercial Vehicle, 8% Farm, 5% Passenger Vehicle, 23% Truck & Bus, 41% OEM, 20% Others, 5% Light Truck, 6% Farm/Off Highway, 9% Passenger Vehicle, 38% Replacement, 63% Replacement, 80% 4 4 Operating Highlights – India Q4 FY25 • We registered growth in replacement segment which was negated by flattish OE volumes and double digit decline in exports • TBR replacement volumes continued with good growth • Our focus on product premiumization continues. We registered highest ever Vredestein volumes in Q4 FY25. • OEM segment volumes continued to be soft. CV OEM performance impacted by mix (higher sales of buses etc.) • Reported drop in EBITDA margin (-435 bps YoY) largely on account of steep raw material inflation (+11% YoY) Revenue (₹ Mn) 43,874 +4.4% 45,805 Q4 FY24 Q4 FY25 EBITDA Margin (%)

Notes

1. Includes only sales and manufacturing operations , excl. Reifencom GmbH (Distribution business) Q4 FY24 Q4 FY25 6 Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 7 6 Key Highlights FY24 FY25 Free Cash flow (₹ Bn) 20 FY24 25 0.6 Mar '24 Net Debt (₹ Bn) 3 FY25 25 0.8 Mar '25 2.0 1.0 0.0 Net Debt (₹Bn) Net Debt to EBITDA (x) 30 10 • FY25 Capex was below guidance based on keeping a tight check looking at the profitability • The gross debt during the period came down, thereby further strengthening the balance sheet (₹ 39 Bn in Mar ’24 to ₹ 34 Bn in Mar ’25) • We continue to focus on optimizing operating performance and judicious capex spends 7 Financial Statements Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q4 FY25 Q4 FY24 Q3 FY25 % Change - YoY % Change - QoQ Revenues Raw Material Staff Cost Other Costs EBITDA EBITDA Margin (%) Depreciation Other Income EBIT EBIT Margin Interest Tax Exceptional Items PAT PAT Margin (%) 64,236 36,344 7,661 11,857 8,374 13.0