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LOR A APOLLO TYRES LTD Earnings Presentation | Q1 FY27
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2 Disclaimer These materials have been prepared by Apollo Tyres Limited together with its subsidiaries (the “Company”), are for informational purposes only and do not constitute a prospectus or an offer document, or form part of an offer, solicitation or invitation of any offer to purchase or subscribe for any securities of the Company in any jurisdiction, nor should these materials or any part thereof form the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever. These materials have not been independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or contained in these materials. None of the Company or any of its director, officer, affiliates, adviser or representatives accepts any liability whatsoever for any loss howsoever arising from any information presented or contained in these materials. The information presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed. These materials contain statements that constitute forward-looking or belief statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its management and information currently available with them including with respect to the consolidated results of operations and financial condition of the Company. These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “projects,” “believes,” “intends,” or words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in the forward-looking statements as a result of various factor and assumptions. Neither the Company nor any of its advisor or representatives, on behalf of the Company assumes any responsibility or obligation to update or revise forward-looking statements to reflect future events or circumstances. In no event shall the Company be responsible to any peron or entity for any loss or damage, whether direct, indirect, incidental, consequential or otherwise, arising out of access or use or dissemination of information contained in this presentation, including, but not limited to, loss of profits. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Company. 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Industry publications and surveys and forecasts generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance that the information is accurate or complete. Neither the Company nor any of its advisor or representatives have independently verified any of the data from third-party sources or ascertained the underlying economic assumptions relied upon therein. All industry data and projections contained in this presentation are based on data obtained from the sources cited and involve significant elements of subjective judgment and analysis, which may or may not be correct. For the reasons mentioned above, you should not rely in any way on any of the projections contained in this presentation for any purpose. The distribution of these materials in certain jurisdictions may be restricted by law and perons into whose possession these materials comes should inform themselves about and observe any such restrictions. THIS PRESENTATION AND INFORMATION CONTAINED HERE IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION IN, AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES IN, THE UNITED STATES. NO SECURITIES OF THE COMPANY HAVE BEEN OR WILL BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED, OR WITH ANY SECURITY REGULATORY AUTHORITY OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES AND, ACCORDINGLY, MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHIN THE UNITED STATES EXCEPT PUrUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR PUrUANT TO AN EFFECTIVE REGISTRATION UNDER THE SECURITIES ACT AND/OR ANY APPLICABLE U.S. STATE OR LOCAL SECURITIES LAWS. By accessing this presentation, you accept that this disclaimer and any claims arising out of the use of the information from this presentation shall be governed by the laws of India and only the courts in New Delhi, India, and no other courts, shall have jurisdiction over the same.
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3 Consolidated Financial Snapshot Q1 FY27 Financial Performance Revenue INR 73,978 Mn Y-o-Y +12.8% EBITDA INR 8,680 Mn Y-o-Y +0.0% EBITDA Margins 11.7% Y-o-Y -149 Bps ROCE* 13.3% FY26 Financial Performance Revenue INR 284,706 Mn Y-o-Y +9.0% EBITDA INR 41,432 Mn Y-o-Y +16.0% EBITDA Margins 14.6% Y-o-Y +88 Bps 3 Net Debt / EBITDA * 0.4x ROCE 13.4% Net Debt / EBITDA 0.4x *based on TTM figures
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4 Performance Summary – Q1 FY27 Revenue Mix Consolidated – Q1 FY27 Replacement, 79% OEM, 21% By Product By Channel Revenue Mix Standalone – Q1 FY27 Truck & Bus, 53% Passenger Vehicle, 22% Farm, 7% Light Truck 9% Others, 9% By Product By Channel Revenue Mix Consolidated – YTD FY22 India, 69% Europe1, 26% Others, 5% Revenue Mix Consolidated – Q1 FY27 By Region Note: 1. Europe Includes operations of ReifenCom Consolidated Revenue ~INR 74.0 Bn Consolidated EBITDA (Margin) ~INR 8.7 Bn (11.7%) Europe 94% India 91% Capacity Utilization 4 Truck & Bus, 41% Passenger Vehicle, 36% Farm/Off Highway, 11% Light Truck, 7% Others, 6% Replacement 66% OEM, 23% Export 11%
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5 13.6% 12.0% Q1 FY26 Q1 FY27 • In Q1FY27, we delivered our strongest year-on-year quarterly growth (15.6%) in the last 14 quarters, following a strong double digit growth in the last quarter • Double-digit growth across Replacement, OE & Export markets and key Product categories • Enhanced brand equity and visibility due to BCCI sponsorship gave a boost to volumes • EBITDA margins declined due to RM cost pressures. However, positive pricing actions being taken to mitigate future impact • Looking ahead, demand remains strong across categories and channels 47,254 54,619 Q1 FY26 Q1 FY27 Operating Highlights – India Q1 FY27 Revenue (INR Mn) EBITDA Margin (%)
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6 • Volumes witnessed low single digit growth on a YoY basis • The PCR Replacement segment continues to deliver healthy growth and the positive momentum is expected to sustain through the coming quarters • EBITDA margins reduced by 186 bps on a YoY basis primarily on account of cost push • Looking ahead, a good growth momentum is expected in Q2 10.8% 8.9% Q1 FY26 Q1 FY27 146 147 Q1 FY26 Q1 FY27 Operating Highlights – Europe1 Revenue (€ Mn) EBITDA Margin (%) Notes: 1. Includes only sales and manufacturing operations , excl. Reifencom GmbH (Distribution business) +0.5% Q1 FY27 -186 bps
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7 Consolidated Cash Flow & Balance Sheet Highlights Key Highlights • Leverage remains stable, with the Net Debt/ EBITDA ratio unchanged 16 17 0.4 0.4 0.0 2.0 10 FY26 Jun-26 Net Debt (INR Bn) Net Debt (INR Bn) Net Debt to EBITDA (x) 13 20 FY25 FY26 Free Cash flow (INR Bn) 8 14 FY25 FY26 Capex (INR Bn)
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Financial Statements
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9 Profit & Loss (Quarterly) – Consolidated Particulars (INR Mn) Q1 FY27 Q1 FY26 Q4 FY26 % Change - YoY % Change - QoQ Revenues 73,978 65,608 73,357 12.8% 0.8% Raw Material 42,221 36,684 38,896 Staff Cost 9,628 8,696 8,848 Other Costs 13,449 11,550 14,925 EBITDA 8,680 8,677 10,688 0.0% -18.8% EBITDA Margin (%) 11.7% 13.2% 14.6% Depreciation 3,907 3,776 3,967 Other Income 583 189 352 EBIT 5,356 5,091 7,073 EBIT Margin 7.2% 7.8% 9.6% Interest 915 1,006 898 Tax 1,188 255 (4,693) Exceptional Items (235) 3,702 4,561 PAT 3,488 128 6,307 PAT Margin (%) 4.7% 0.2% 8.6%
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10 Profit & Loss (Quarterly) – Standalone Particulars (INR Mn) Q1 FY27 Q1 FY26 Q4 FY26 % Change - YoY % Change - QoQ Revenues 54,619 47,254 52,370 15.6% 4.3% Raw Material 35,973 29,925 31,625 Staff Cost 3,426 3,241 3,319 Other Costs 8,672 7,640 9,785 EBITDA 6,549 6,447 7,641 1.6% -14.3% EBITDA Margin (%) 12.0% 13.6% 14.6% Depreciation 2,279 2,346 2,363 Other Income 336 151 353 EBIT 4,606 4,252 5,630 EBIT Margin 8.4% 9.0% 10.8% Interest 762 858 747 Tax 1,037 1,155 (4,160) Exceptional Items (235) 17 9 PAT 3,042 2,222 9,034 PAT Margin (%) 5.6% 4.7% 17.2%
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Thank you For further details please feel free to get in touch with the Investor Relations team. Ritu Kumar Group Head – Strategic Planning and Legal ritu.kumar@apollotyres.com