Apollo Tyres Limited

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ATL/SEC/21 August 5, 2021 The Secretary, BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. The Secretary, National Stock Exchange of India Ltd, Exchange Pl

₹174

er with Global Footprint Large scale & sustained profitability profile  Consolidated Revenue of ~₹174 Bn in FY21  Consolidated EBITDA of ~₹28 Bn (16%) in FY21 Strong brands with leading market positi

₹28

tained profitability profile  Consolidated Revenue of ~₹174 Bn in FY21  Consolidated EBITDA of ~₹28 Bn (16%) in FY21 Strong brands with leading market positions  India1: #1 in Truck & Bus and Passe

16%

rofitability profile  Consolidated Revenue of ~₹174 Bn in FY21  Consolidated EBITDA of ~₹28 Bn (16%) in FY21 Strong brands with leading market positions  India1: #1 in Truck & Bus and Passenger ve

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es Source: 1. Internal Estimates Revenue Mix Consolidated – Q1 FY22 By Product By Channel Others 7% Light Truck 6% Farm/Off Highway 13% Passenger Vehicle 32% Truck & Bus 43% OEM 19% Replac

6%

rnal Estimates Revenue Mix Consolidated – Q1 FY22 By Product By Channel Others 7% Light Truck 6% Farm/Off Highway 13% Passenger Vehicle 32% Truck & Bus 43% OEM 19% Replacement 81% Revenue

13%

e Mix Consolidated – Q1 FY22 By Product By Channel Others 7% Light Truck 6% Farm/Off Highway 13% Passenger Vehicle 32% Truck & Bus 43% OEM 19% Replacement 81% Revenue Mix Standalone – Q1 FY

32%

FY22 By Product By Channel Others 7% Light Truck 6% Farm/Off Highway 13% Passenger Vehicle 32% Truck & Bus 43% OEM 19% Replacement 81% Revenue Mix Standalone – Q1 FY22 By Product By Chann

43%

By Channel Others 7% Light Truck 6% Farm/Off Highway 13% Passenger Vehicle 32% Truck & Bus 43% OEM 19% Replacement 81% Revenue Mix Standalone – Q1 FY22 By Product By Channel Others 8% Lig

19%

l Others 7% Light Truck 6% Farm/Off Highway 13% Passenger Vehicle 32% Truck & Bus 43% OEM 19% Replacement 81% Revenue Mix Standalone – Q1 FY22 By Product By Channel Others 8% Light Comme

81%

ht Truck 6% Farm/Off Highway 13% Passenger Vehicle 32% Truck & Bus 43% OEM 19% Replacement 81% Revenue Mix Standalone – Q1 FY22 By Product By Channel Others 8% Light Commercial Vehicle 7%

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& Bus 43% OEM 19% Replacement 81% Revenue Mix Standalone – Q1 FY22 By Product By Channel Others 8% Light Commercial Vehicle 7% Farm/Off Highway 8% Passenger Vehicle 19% Truck & Bus 58% Ex

“Reifencom GmbH (Distribution business) 28 Consolidated Cash Flow & Balance Sheet Highlights Capex level in line with guidance Subdued environment impacted free cash flow generation Capex (₹ Bn) 12 Free Cash flow (₹ Bn) 7 5 FY21 YTD FY22 FY21 YTD FY22”

Notes

4

Source

1

Source

1. Internal Estimates Revenue Mix Consolidated – Q1 FY22 By Product By Channel Others 7% Light Truck 6% Farm/Off Highway 13% Passenger Vehicle 32% Truck & Bus 43% OEM 19% Replacement 81% Revenue Mix Standalone – Q1 FY22 By Product By Channel Others 8% Light Commercial Vehicle 7% Farm/Off Highway 8% Passenger Vehicle 19% Truck & Bus 58% Export 16% OEM 19% Replacement 65% 5 Well Set to Leverage Attractive Market Opportunity Completed doubling of TBR capacity in Chennai plant 2020 Divested South African Ops 2017 2018 2013 Acquired Vredestein brand in Europe 2010 2009 Commenced production in Chennai plant Commenced production in Hungary plant Commenced production in Andhra Pradesh plant Raised equity capital from Warburg Pincus to strengthen balance sheet and fund growth Past Decade Significant investments made in brand building, plant infrastructure, distribution, and R&D capability Today Enjoys leading market position and industry-leading capacity having made timely investments Approachi

Notes

1. Includes only sales and manufacturing operations , excl. Reifencom GmbH (Distribution business) 28 Consolidated Cash Flow & Balance Sheet Highlights Capex level in line with guidance Subdued environment impacted free cash flow generation Capex (₹ Bn) 12 Free Cash flow (₹ Bn) 7 5 FY21 YTD FY22 FY21 YTD FY22

Notes

1. Free Cash Flow: Cash from operating activities less capex, interest and lease payments -6 Resulting in marginal increase in Net Debt 42 1.5 FY21 48 1.6 YTD FY22 Net Debt (₹ Bn) Net Debt to EBITDA (x) 29 Key Financials 30 Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q1 FY22 Q1 FY21 Q4 FY21 % 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% 61% 22% 58% 131% -9% -5% -3% -5% -30% -50% 45,845 26,245 6,536 7,396 5,668 12.4% 3,404 405 2,669 5.8% 1,046 336 9 1,278 2.8% 28,817 16,308 5,370 4,684 2,456 8.5% 3,091 185 -450 -1.6% 1,172 -276 - -1,346 -4.7% 50,257 27,585 6,704 7,821 8,147 16.2% 3,477 619 5,288 10.5% 1,042 1,361 13 2,873 5.7%

Notes

1. Raw material includes cost of material consumed, purchase of stock in trade and change in inventories 31 Profit & Loss (Quarterly) – Standalone Particulars (₹ Mn) Q1 FY22 Q1 FY21 Q4 FY21 % 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 (%) 82% 94% 34% 71% 74% -11% -5% -4% -11% -41% -58% 32,200 21,192 2,623 5,049 3,336 10.4% 1,924 378 1,790 5.6% 893 210 8 679 2.1% 17,732 10,901 1,957 2,961 1,913 10.8% 1,715 145 344 1.9% 1,028 -148 - -536 -3.0% 36,296 22,273 2,724 5,693 5,606 15.4% 1,907 559 4,258 11.7% 855 1,148 6 2,248 6.2%

Notes

1. Raw material includes cost of material consumed, purchase of stock in trade and change in inventories 32 For further details please feel free to get in touch with the IR team Ravi Shingari Group Head - Accounts and Taxation ravi.shingari@apollotyres.com Himanshu Sharma Head – IR & Budgeting himanshu.sharma1@apollotyres.com Thank you