Apollo Tyres Limited

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ATL/SEC/21 The Secretary, BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001. Sub: Investor Presentation – Q2FY22 Dear Sirs, November 1, 202

INR 50,733

ot Q2 FY22 Financial Performance Revenue EBITDA EBITDA Margins Q2 FY22 Operational Highlights INR 50,733 Mn INR 6,380 Mn Y-o-Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 91

INR 6,380

ancial Performance Revenue EBITDA EBITDA Margins Q2 FY22 Operational Highlights INR 50,733 Mn INR 6,380 Mn Y-o-Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6%

18.2%

evenue EBITDA EBITDA Margins Q2 FY22 Operational Highlights INR 50,733 Mn INR 6,380 Mn Y-o-Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6% Y-o-Y -390 Bps

INR 1,738

TDA Margins Q2 FY22 Operational Highlights INR 50,733 Mn INR 6,380 Mn Y-o-Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6% Y-o-Y -390 Bps Diluted EPS INR 2.74

9.8%

perational Highlights INR 50,733 Mn INR 6,380 Mn Y-o-Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6% Y-o-Y -390 Bps Diluted EPS INR 2.74 YTD FY22 Financ

3.4%

ts INR 50,733 Mn INR 6,380 Mn Y-o-Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6% Y-o-Y -390 Bps Diluted EPS INR 2.74 YTD FY22 Financial Performance Re

916 Bps

3 Mn INR 6,380 Mn Y-o-Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6% Y-o-Y -390 Bps Diluted EPS INR 2.74 YTD FY22 Financial Performance Revenue EBITDA E

12.6%

6,380 Mn Y-o-Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6% Y-o-Y -390 Bps Diluted EPS INR 2.74 YTD FY22 Financial Performance Revenue EBITDA EBITDA M

390 Bps

Y 18.2% Net Profit INR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6% Y-o-Y -390 Bps Diluted EPS INR 2.74 YTD FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 96,61

INR 2.74

NR 1,738 Mn Y-o-Y -9.8% PAT Margins 3.4% Y-o-Y 916 Bps 12.6% Y-o-Y -390 Bps Diluted EPS INR 2.74 YTD FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 96,618 Mn INR 12,048 Mn Y-o-Y

INR 96,618

-390 Bps Diluted EPS INR 2.74 YTD FY22 Financial Performance Revenue EBITDA EBITDA Margins INR 96,618 Mn INR 12,048 Mn Y-o-Y 34.6% Net Profit INR 3,016 Mn Y-o-Y 26.5% PAT Margins 3.1% Y-o-Y 8

Note

1

Notes

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1. Europe Includes operations of ReifenCom APMEA, 69% Revenue Mix Standalone – YTD FY22 Revenue Mix Consolidated – YTD FY22 By Product By Channel By Product By Channel Others, 9% Export, 15% Truck & Bus, 56% OEM, 21% Light Commercial Vehicle, 7% Farm/Off Highway, 7% Passanger Vehicle, 21% Others, 6% Light Truck, 6% Truck & Bus, 43% OEM, 19% Farm/Off Highway, 12% Passanger Vehicle, 34% Replacement, 64% Replacement, 81% 4 4 Operating Highlights – India Q2 FY22 • Strong demand recovery continued in the quarter with 25% YoY and 13% QoQ revenue growth • However, pace of growth constrained by: • Steep inflation, especially in fuel / energy costs • Patchy distribution of rainfall during monsoon • Impact of Covid 2nd wave on rural economy • Chip shortage • However, continued RM inflation (~5% QoQ) along with disruptions in OEM production impacted operating performance • Pricing environment remained stable and we undertook price increase of ~ 3% to 7% in replacement segment • Expect demand to r

Notes

1. Includes only sales and manufacturing operations , excl. Reifencom GmbH (Distribution business) EBITDA Margin (%) 17.6% 10.0% Q2 FY21 Q2 FY22 6 Consolidated Cash Flow & Balance Sheet Highlights Capex (₹ Bn) 12 Key Highlights • Capex in line with guidance 11 • Marginally increase in net debt from ₹ 48bn (June ’21) to ₹ 50bn (Sep ‘21); Significant decrease from ₹ 60bn (Mar ‘20) FY21 YTD FY22 • Net Debt increase driven by inventory valuation 7 FY21 42 1.5 Mar' 21 Free Cash flow (₹ Bn) Net Debt (₹ Bn) YTD FY22 -6 50 1.6 Sep' 21 4 2 0 Net Debt (₹Bn) Net Debt to EBITDA (x) 60 50 40 30 7 Financial Statements Profit & Loss (Quarterly) – Consolidated Particulars (₹ Mn) Q2 FY22 Q2 FY21 Q1 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 (%) 50,773 29,731 6,391 8,271 6,380 12.6% 3,397 289 3,272 6.4% 1,036 454 44 1,737 3.4% 42,949 23,014 6,233 6,632