#1apollo TYRES TYRES VREDESTEIN ELDR A APOLLO TYRES LTD apo Investor Presentation | June 2022#2Disclaimer 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. 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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 PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR PURSUANT 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. APOLLO TYRES LTD [2]#3A APOLLO TYRES LTD Vision FY2026#4A APOLLO TYRES LTD Vision DRIVING PROGRESS, TOGETHER Purpose ENABLING EXCELLENCE Value FOLLOWING ONE TAKING OUR PASSION FAMILY RESPONSIBILITY#5APOLLO TYRES LTD Performance Goals (FY 26) Revenue Goal $5Bn EBITDA >15% ROCE=12% to 15% Net Debt: EBITDA <2#6Enabling Excellence - 5 Key Enablers APOLLO TYRES LTD Digitalisation Sustainability DRIVING PROGRESS, TOGETHER Technology & Innovation Brand People [6]#7Digitalisation Business Growth, Efficiency Improvements and Risk Mitigation Sustainability Brand APOLLO TYRES LTD Digitalisation DRIVING PROGRESS, TOGETHER Technology & Innovation Innovate - New business / Revenue models, CRM and enhanced customer service Connect - Supply chain digitalisation Industry 4.0 Build on the IOT installation with Al / ML to drive productivity increase & cost reduction • Standardise - Automation / Standardizing of processes IT infrastructure modernization People [7]#8Technology & Innovation Drive Product Leadership and Maintain Technology Readiness Sustainability Brand APOLLO TYRES LTD Digitalisation DRIVING PROGRESS, TOGETHER Technology & Innovation Consistent focus on investments in R&D and product excellence for long term New product launches and range extension Focus on EVS Help manufacturing improve cost competitiveness Supporting sustainability initiatives • Increased focus on enabling technologies like sensor technology, advanced material development People [8]#9People Attract, Engage and Retain Best Talent Digitalisation Sustainability DRIVING Brand APOLLO TYRES LTD PROGRESS, TOGETHER • Apollo One Family Technology & • Diversity and Inclusion. Innovation People Employee Engagement and Retention Professional Growth and Career Advancement Succession Planning 6 [9]#10Brands - India Brand Leadership in India Digitalisation Sustainability DRIVING PROGRESS, TOGETHER Brand APOLLO TYRES LTD Technology & Innovation People Full range player with leadership in radial technology Focus on growth and success of both brands • Increasing focus on brand building and marketing Leveraging new age tools (digital marketing) to maximise reach and optimise costs • Institutionalizing marketing platforms (Manchester United and ISL) for brand building, Brand Ambassadorship of Sachin and Creation of communities like Bad Road Buddies [10]#11Brands - Europe / North America Driving Premiumisation Digitalisation Sustainability DRIVING PROGRESS, TOGETHER Brand APOLLO TYRES LTD Technology & Innovation People Gaining footprint in geographies with big profit pool (Europe/ North America) Increasing association with marquee German OEMs in Europe Strong focus on UHP/UUHP segments New launches, winners in test results in key geographies like Europe and North America, increasing focus on brand building, customer engagement and leadership in fast growing All Season Segment (Europe) Focus on increasing presence in south west Europe and North America while adding on to healthy presence in west and central Europe [11]#12Sustainability Ensure Long Term Sustainability and target to be Carbon Neutral Sustainability Brand APOLLO TYRES LTD Digitalisation DRIVING PROGRESS, TOGETHER . Sustainability Governance. Circular Economy Technology . & . Innovation People People . Climate Change Responsible value chain Communities [12]#13Sustainability FY'26 Roadmap 2 Sustainability Governance 1 • Sustainability Governance as per ISO 26000 4 3 Circular Economy Endeavour to set processes for environmentally friendly disposal of ELT- use of re-purposed tyres for sports pitches Climate Change • • • Commitment to Carbon Neutrality by 2050- Drawing de-carbonization roadmap for FY'26 Water efficiency- Roadmap to improve water use efficiency Waste conscious operations Responsible Value Chain • Aim to increase share of sustainable material in the product mix • Member of Global Platform for Sustainable Natural Rubber (GPSNR) 6 • People ISO 26000 Core Subjects of Labour Practices and Human Rights OOO COD 3-30 Communities - CSR Target to reach out to over 11 million beneficiaries by FY'26 • Investing in training and learning opportunity to retain talent- Flagship 5 Apollo Laureate Programme APOLLO TYRES LTD [13]#14A APOLLO TYRES LTD Company Overview#15Apollo Tyres Snapshot (FY22) APT AT2 ₹₹ ₹ INR 209,476 Mn Consolidated Revenue (₹ 12.3% Consolidated EBIDTA Margin IM 7% Consolidated 5 Yr EBIDTA CAGR INR 6,386 Mn Consolidated Net Profit ₹ 2.3% CSR Spend % of 3 Yr Average Standalone Net Profit 32% Dividend % of Net Profit Dividend - INR 3.25/share AA+ = AA+ (LT), A1+ (ST) Credit Rating CRISIL 1.5% R&D Spend as % of Revenue EIE E EIE 1.8x Net Debt/EBIDTA INR 18,462 Mn Capex Outlay Made with Recycled జ 28% Water recycled 19,000+ Total workforce All Figures as on FY22 [15]#16Company Overview M Leading global tyre manufacturer MMM Incorporated in 1972 • A full range player • . • Long standing client relationship with many of the marquee OEMs across the globe Listed on both NSE and BSE with an approximate current Market Capitalisation of INR 120,000 Mn Strong brands with leading market position India: #1 in Truck & Bus and Passenger vehicles • Europe: Premium market position in fast-growing passenger car segments • • Experienced leadership team & board, and backed by long-term PE investor Experienced leadership team Strong Board: 7 independent directors & 7 Non- independent Directors Backed by long-term marquee private equity - Warburg Pincus Deep distribution network built over time • 7,200 Dealers (India) 。 7,200 Touchpoints (Rural India) 7,000 Dealers (Europe) • • • . State of art production facilities and continued focus on R&D 7 Manufacturing Plants (India: 5, Europe: 2) 2 R&D centres (Asia/Europe) and 1 testing centre (Europe) Opened Digital Innovation Hub in London. The Hub will use Artificial Intelligence and Machine Learning technologies to solve complex manufacturing problems Podium positions garnered in European and North American PCLT test results Key Performance Indicators Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margins (%) Capital Expenditure Outflow (INR Mn) FY18 150,977 FY18 16,536 (11%) FY18 31,017 FY19 175,488 FY19 19,586 (11%) FY19 FY20 163,502 FY20 19,386 (12%) FY20 FY21 173,970 FY21 27,975 (16%) FY21 22,932 28,361 11,902 FY22 209,476 FY22 25,741 (12%) FY22 18,462 APOLLO TYRES LTD [16]#17Key Milestones 1991 • Second Plant in Limda, Gujarat 1995 • Acquired plant in Kalamassery, Kerala 1977 1991-1995 1977 • First Plant in Perambra, Kerala APOLLO TYRES LTD 2013 • Global R&D Center, Netherlands • Partnered with Manchester United 2016 Launched two-wheeler tyres in India 2006-2010 2011-2013 2017 • Second plant in Hungary, Europe 2014-2015 2016-2017 2006 • Acquired Dunlop Tyres, South Africa 2009 Acquired Vredestein Banden BV, Netherlands 2010 • All Radial Plant in Oragadam, Tamil Nadu • 2014 Global R&D Center Asia, India Exit from South African manufacturing operations 2015 • Acquired Reifencom, German Tyre Distribution company Apollo Tyre's growth has been driven by a well thought out strategy of organic and inorganic initiatives apollo 2018-2022 2020 • Warburg Pincus invested in • • the company Radial plant in Andhra Pradesh, India Specialization of Dutch Plant 2022 • Strategic partnership with TATA Power to deploy EV charging stations across India [17]#18Eminent Board of Directors with Wide Ranging Expertise Onkar Kanwar Chairman Neeraj Kanwar Vice Chairman & Managing Director Akshay Chudasama Gen. Bikram Singh (Retd.) Francesco Crispino Independent Director Regional Managing Partner Shardul Amarchand Mangaldas & Co Pallavi Shroff Independent Director Regional Managing Partner Shardul Amarchand Mangaldas & Co Robert Steinmetz Non Independent Director Former Chief of International Business, Continental AG Satish Sharma Non Independent Director President (APMEA) & Whole-Time Director APOLLO TYRES LTD Independent Director Former Chief of Indian Army Independent Director Co-Founder Greater Pacific Capital Francesco Gori Non Independent Director Former CEO, Pirelli Tyre Lakshmi Puri Independent Director Former Ambassador to Hungary & Assistant Secretary General (UN) Sunam Sarkar Non Independent Director President Chief Business Officer Vikram S Mehta Independent Director Former Chairman Shell Group of Companies Vishal Mahadevia Non Independent Director MD, Head of Warburg Pincus India Vinod Rai Independent Director Former Comptroller and Auditor General of India [18]#19Strong Management Team with Deep Experience Onkar Kanwar Neeraj Kanwar Chairman Vice Chairman & Managing Director Benoit Rivallant European Operations Total Experience: 34 years Years with Apollo Tyres: 8 Daniele Lorenzetti Research & Technology Total Experience: 28 years Years with Apollo Tyres: 6 Gaurav Kumar Finance & Legal Total Experience:29 years Years with Apollo Tyres: 18 Hizmy Hassen Digitalisation & IT Total Experience: 26 years Years with Apollo Tyres: 2 K Prabhakar Projects Total Experience: 41 years Years with Apollo Tyres: 33 Satish Sharma Asia Pacific, Middle East & Africa Operations Total Experience: 33 years Years with Apollo Tyres: 25 Sunam Sarkar Sustainability, Human Resources, Communications, Procurement and Supply Chain Total Experience: 33 years Years with Apollo Tyres: 23 Yoichi Sato Quality, Health, Safety & Environment Total Experience:25 years Years with Apollo Tyres: 3 APOLLO TYRES LTD [19]#20Manufacturing Facilities Sales to more than 100 countries worldwide Gyöngyöshalász, Hungary Extensive distribution network in India- Plant: Enschede, Netherlands Manufacturing Plant Limda Chinnapandur Oragadam Kalamassery Perambra • ~7,200 dealers • 143 sales offices including regional and area offices 17 Regional distribution centers servicing 143 stocking points • Wide specialist network: Apollo Super Zone, Apollo Zone, Apollo CV Zone, Apollo Farm Zone, Apollo Point APOLLO TYRES LTD Europe, 30% Revenue Mix -FY22 Others, 2% Geography (%) APMEA, 68% Distribution network across Europe- • ~7,000 dealers • 11 European National Sales Offices with sales personnel and local distribution warehouses Further enhanced presence through acquisition of Reifencom which operates across 6 countries in Europe and has 37 stores in Germany [20]#21• R&D and Technology (1/2) • Established R&D centres of excellence in Asia & Europe • Established Original Equipment Manufacturer (OEM) focussed R&D centre in Germany • Well qualified and experienced team of ~425 scientists Driving innovation, developing future technologies and winning products for home and focus markets • Over 200 patents filed on tyre technology across the global business Podium Positions Auto Bild EXEMPLARY 2020 32 all-season tires tested Vredestein Quatrac 205/55 A 16 Issue 39/2020 auto motor sport Test Result Issue 21/2020 very good VREDESTEIN WINTRAC PRO 225/50 R 17 H/V VORBILDLICH 2020 VREDESTEIN Wintrac Pro Date Agency Recommendation Position Tyre Model Mar-22 AutoBild Sportscars Mar-22 AutoBild Sportscars Exemplary Good 1st Vredestein Vorti + 2nd Vredestein Vorti + Mar-22 AutoZeitung Highly Recommended 2nd Vredestein Ultrac Mar-22 Tire Rack Podium 1st/2nd Vredestein Quatrac Pro Oct-21 AutoBild Sportscars Exemplary 3rd Vredestein Wintrac Pro APOLLO TYRES LTD 3,227 R&D Expenditure (INR Mn) 4,114 3,882 3,249 3,235 2.3% 2.4% 2.1% 1.9% 1.5% FY18 FY19 FY20 FY21 FY22 R&D (INR Mn) % of Revenue [21]#22R&D and Technology (2/2) RFID Tyre Sensors RFID TAG RFID Tag technology enhances identification for fleet and customer services tyre RFID Tag technology has been developed and market implementation is expected in the near future (!) TPMS • • TPMS (Tyre Pressure Monitoring System) enables connected fleet and customer services, boosting operational efficiency through lower fuel consumption and enhanced tyre life TPMS technology has been developed and market implementation is expected in the near future APOLLO TYRES LTD EV Tyres חווה Z OEM • Replacement Market Dedicated tyre product lines for EV have been developed for Apollo Tyres reference markets Key benefits: OEM Improved RRC for higher efficiency of EVs Lower noise Improved comfort • Both in India and Europe several tyre development activities are running with premium OEMs for new generation of EV vehicles/platforms [22]#23OEM Partnerships B SF FIAT NEW HOLLAND CLAAS AGRICULTURE Audi BENTLEY JOHN DEERE MASSEY FERGUSON Ferrari CASE CONSTRUCTION GM MARUTI SUZUKI JCB HYUNDAI ASHOK LEYLAND MASERATI Mercedes-Benz DOOSAN MAN SEAT APOLLO TYRES LTD B M W PORSCHE TOYOTA PORSCHE BHARATBENZ IVECO VOLVO TATA L Ford CATERPILLAR Mahindra [23]#24Awards & Recognitions Leadership EMBASSY OF HUNGARY Customer Services Onkar S Kanwar awarded Order of the Rising Sun, Gold and Silver Star by Japanese Govt. CSR 4th ICSI CSR Excellence Awards - Onkar S Kanwar awarded with the Officers Cross (Civilian Division) of the 'Order of Merit' of Hungary Best Corporate (Large Category) - Excellence in Customer Delight Award Hyundai Motors India Manufacturing Entrepreneu Marketing/PR Human Resources Cannes: Silver Lion for 'Adopt a Pothole Cannes: Golden Dolphin for Marketing Communication Risk Management INDIA RISK MANAGEMENT AWARDS tant India's Best Companies to Work for Innovative and Winning Products Dubai -GOLDEN- GLOBAL CONVENTION PEACOCK 20 9 RAJESH DAHIYA apollo CMO Sustainability award (marketing strategy) at the Pitch CMO Awards ICSI CSR Excellence Awards Award Tire Manufacturer of the Year, by Tire Technology International National Convention on Quality Concepts (NCQC) - 2021 CSR Health Impact Awards - 2021 Year 2017 2017 2018 2019 APOLLO TYRES LTD Category Quality EY Entrepreneur of the Year Manufacturing Masters of Risk at the India Risk Management Awards by CNBC-TV18 Golden Peacock Award for Innovative Product/Service Health CSR Project- Campaign of the Year Category Corporate Governance Awards Compliance Team Award Golden Peacock Award for Risk Management Golden Peacock Award for Excellence in Corporate Governance Compliance Program Award Awarded by QCFI Integrated Health & Wellbeing Council Awarded by Compliance 10/10 Awards (Promoted by BSE) Institute of Directors Institute of Directors Compliance 10/10 Awards (Promoted by BSE) [24]#25Marketing Highlights • • Continued association with Manchester United FC Partnership with Indian Super League & Chennaiyin FC • Vredestein Launch in India Recent customer engagement activities: . Consistent focus on new product launches • 。 Abhimanyu - Virtual Product Launch with Sachin Tendulkar 。 Apterra Cross Product Launch BOFO e-commerce Portal Launch • 'Vehicle and Tyre Care during Lockdown' initiative • Apollo Farm Power Awards in Collaboration with ICFA (Indian Chamber & Food Agriculture) ZERTIFIKAT CERTIFICATE CEPTHONKAT CERTIFICADO CERTIFICAT CERTIFICATE The Certification Body of TUV SUO South Asia Private Limited apollo The Shop Brand of Apollo Tyres Limited including the sites and scope of applications IRF TRUSTED MARK CERTIFICATION SCHEME The fica is a Fra 2021 04-09 2004-0446 Cenficate Registration No. 39 204 00004 Date of Inala 2021-04-0 Ise Date 2021-04-09 NAMASTE INDIA- apollo APOLLO COMMERCIAL VEHICLE ZONES CERTIFIED BY INTERNATIONALRETAIL FORUM FOR AN UNMATCHED SERVICE EXPERIENCE apollo LARGEST NETWORK ACROSS INDIA apollo KNOW MORE ap GO THE DISTANCE SUPER 6'S apollo -110- apollo TYRES SAARTHI MILKAR BADHEN PRAGATI KI ORE VREDESTEN • 'Apollo Swastha Saathi': initiative in the CV space, driver connect programme to ensure their health and safety • 'Apollo Saarthi": Industry first exclusive digital influencer marketing program targeting fitters. • 'Bad Road Buddies Initiative': Community engagement initiative for SUV and 2W enthusiasts VREDESTEIN apollo BAD Road 2.0 BUDDIES UNLOCK YOUR SPIRITS APOLLO CV ZONES CERTIFIED BY INTERNATIONAL RETAIL FORUM Apodiu CV Zene Tricts apollo APOLLO TYRES LTD apollo apollo apollo 720 ICC T20 WORLD CUP apollo TYRES PROUD PARTNER OF SUPER SIXES [25]#26Environment Climate Change Strategy • Conducted Climate Risk Assessment as per Taskforce on Climate related Financial Disclosures (TCFD) Framework. • Established Environment Working Group with a core focus on 3 areas 1. Carbon Neutrality • 2. Water Conservation 3. Waste Management Carbon Neutrality - • • Independently assured Carbon Footprint Includes Scope 1, 2 and 3 (even value chain emissions that are not owned by the organisation) Ambition to be Carbon Neutral by 2050 • Renewable energy - Aspirational target to increase renewable power share to 25% of total power consumed by FY'26. • Developing a decarbonisation roadmap and short-term goals for 2026 and 2030 • • Plan to decrease Value Chain Emissions initiated. Pilot on using electric vehicles for last mile delivery Upstream raw material partners are expected to comply with Apollo's Partnership Pact (APP) and integrate environmental, occupational health & safety, human rights and labour policies into their business; 80% Raw material suppliers endorsed APP Member of Global Platform of Sustainable Natural Rubber, Champion of India Chapter Biodiversity Conservation (A Global Theme) • Projects in Europe and India. Revitalization of the City Stream Project Enschede, Netherlands; Conservation of Bukk National Park, Gyöngyöshalász, Hungary and Mangrove Conservation Project in Kannur, Kerala, India. APOLLO TYRES LTD [26]#27Social India - Target to reach out to over 11 million beneficiaries by FY'26 ➤ Livelihood for rural women Reached out to over 15000 women beneficiaries. EkNaam campaign to promote livelihood for rural women Healthcare for Trucking Community - Reached out to over 7.2 million beneficiaries through 32 Apollo Tyres Healthcare Centres, in 19 States. Included COVID vaccinations, over 1,50,000 Trucking community vaccinated TARGET-10 million FY'26 3 電源專員分 AND WELL-BEING - TARGET-20,000 FY'26 DECENT WORK AND NO 1 POVERTY 5 EQUALITY GENDER Health Care Solid Waste Management and Sanitation - Reached out to over 5 Lakh beneficiaries through all projects 'A Swachh Bharat Abhiyaan' (Clean India) initiative TARGET-7,00,000 FY'26 ர்ச்கள் Biodiversity Conservation - Reached out to around 1,75,000 beneficiaries on conservation TARGET - 5,00,000 FY'26 Biodiversity CLEAN WATER 11 AND COMMUNITIES 12 RESPONSE CONSUMPTION AND PRODUCTION Q Healthcare Support to Community - • Europe - Communities Development Construction of kid's playroom in Gyöngyöshalász hospital Support to camps for the children suffering from Cancer • . Blood donation camps • • Mask donation drive for community (COVID relief) Financial support to Gyöngyöshalász hospital Modernisation of the Kindergarten Support to Students - • Provided food, transportation, and shelter support to Indian students in its manufacturing facility located at Gyöngyöshalász during Ukraine war APOLLO TYRES LTD [27]#28Governance A Strong Board • More than 90% attendance in board meetings held in FY22 Eminent people with strong Industry experience across domains Strong governance model in place with representation from industry leaders and independent board members in various committees Audit Committee • • Stakeholders Relationship Committee • Risk Management Committee • Nomination and Remuneration Committee • CSR Committee • Business Responsibility and Sustainability Committee Code of Conduct and Anti-corruption . Formulated a Code of Conduct for all employees along with a vigil mechanism through Whistle Blower Policy Zero-tolerance approach towards corruption Fair Operating Practices . As a responsible organization, identifies, adopts, and applies standards of ethical behavior appropriate to its purpose and activities Fair competition • Committed to conducting business affairs in a fair and ethical manner that promotes open and fair competition in its best interests and its business partners APOLLO TYRES LTD [28]#29A APOLLO TYRES LTD Business Overview#30Our Brands & Product Portfolio Well Positioned Multi-Brand Strategy Across Different Segments Passenger Car Tyres Pricing Segment Brand Brand Positioning Summer Tyres Winter Tyres All Season Tyres Commercial Vehicle Tyres Farm/Off Highway Tyres Tyres Two Wheeler Bicycle Tyres VREDESTEIN Global Niche Top TIRES Medium apollo APOLLO TYRES LTD Premium Global TYRES [30]#31Trax MA Balanced Business Portfolio Product Revenue Mix - FY22 apolle APOLLO TYRES LTD Two Wheeler, Others, 2% 4% Farm/Off Highway, 8% Passenger Vehicle, 21% Commercial Vehicle, 12% Others, 3% O-O India Commercial Vehicle, 65% Farm/Off Highway, 16% Europe Passenger Vehicle, 69% apollo EY JIZ apollo FX-222 [31]#32Product Portfolio Commercial Vehicle Segment них Leadership in the commercial vehicle segment in India, with a market share of ~30% The company caters to all segments under commercial vehicle - HCV, LCV and SCV Launched TBR products in Europe and North America with positive initial response Passenger Vehicles Segment . • • • One of the leading players in India with -20% market share Recently launched premium Vredestein brand in India Gaining traction in premium segment in Europe (UHP/UUHP) & North America Leadership position in fast-growing all-season segment in Europe Two-Wheeler Segment • APOLLO TYRES LTD Forayed into Two-wheelers segment in India in 2016 by unveiling "Apollo ACTI" series Launched "Apollo Alpha" - India's first "zero degree" steel belted motorcycle radial tyre in 2018 Two-pronged strategy: . • Focussing on premium end of the market with its Alpha range (in house production) Leveraging outsourced production for commuter sizes helps establish market presence, incentivize dealer network and explore opportunities for cross selling Farm/Off-Highway Segment • Focused on three key sub-segments: Agriculture, Industrial and Earthmovers Targeting markets in both India and Europe with best in class products [32]#33A APOLLO TYRES LTD Strategic Overview#34Key Areas of Focus APOLLO TYRES LTD Sweating of Assets Targeting significant improvement in financial metrics to reach Vision FY2026 performance targets Strengthening of Balance Sheet Improvement in Return Ratios Generating positive free Cash flow [34]#35A APOLLO TYRES LTD Financial Overview#36Historical Consolidated Financial Performance Revenue (INR Mn) 209,476 175,488 173,970 163,502 150,977 PAT (INR Mn) & Margins (%) EBITDA (INR Mn) & Margins (%) 27,975 7,239 25,741 6,798 19,587 19,386 16,536 16% 12% 12% 11% 11% 6,386 5% 4,764 4% 3,502 3% 3% 2% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Leverage Ratios (x) 3.1 ROE & ROCE (%) 9% 8% 1.6 2.3 1.8 7% 8% 6% 1.5 7% 5% 5% 0.6 0.5 0.4 0.4 0.3 3% 31,017 CAPEX (INR Mn) 28,361 22,932 18,462 11,902 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Net D/E(x) -Net D/EBITDA(x) ROE (%) -ROCE (%) APOLLO TYRES LTD [36]#37Historical Consolidated Income Statement Particulars (INR Mn) FY18 FY19 FY20 FY21 FY22 Revenue 150,977 175,488 163,502 173,970 209,476 Expenses 134,441 155,902 144,116 145,995 183,735 EBITDA 16,536 19,586 19,386 27,975 25,741 EBITDA Margin (%) Other Income 10.9% 11.2% 11.9% 16.1% 12.3% 1,142 1,231 237 1,294 1,235 Depreciation 5,926 8,126 11,381 13,150 13,997 Finance Cost 1,629 1,811 2,808 4,430 4,444 Share of Profit/Loss in Associates/Joint venture 1 1 Exceptional items (2,000) (6,077) (59) PBT 10,123 8,881 5,434 5,612 8,477 Tax Net Profit Net Profit Margin (%) APOLLO TYRES LTD 2,884 2.083 670 2,110 2,091 7,239 6,798 4,764 3,502 6,386 4.8% 3.9% 2.9% 2.0% 3.1% [37]#38260% 210% 160% 110% 60% 10% -40% Capital Market Data Stock Price Performance Dividend Payout Ratio (%) why мали 36% 27% 24% Apr-20 Public 29% Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Apollo Tyres Jun-21 Shareholding Pattern as on 31st March 2022 Aug-21 BSE Sensex Oct-21 Dec-21 Feb-22 Apr-22 Jun-22 APOLLO TYRES LTD FPI 20% 63% 32% FY18 FY19 FY20 FY21 FY22 Top Marquee Shareholders as on 31st March 2022 Shareholder Warburg Pincus Affiliates % Shareholding 18.0% Promoter 37% HDFC Trustee Company Ltd ICICI Prudential Asset Management Co. Ltd. 8.3% 1.4% HDFC Life Insurance Company Ltd 1.2% Franklin Templeton Asset Management (India) Pvt. Ltd. 1.1% Mutual Funds 14% [38]#39APOLLO TYRES LTD For further details please feel free to get in touch with the IR team Himanshu Sharma Head - IR & Budgeting [email protected] Thank you apollo TYRES VREDESTEIN TYRES