CEAT Investors Presentation First Quarter, FY
Economic Environment Industry Scenario – Market share & Past Growth Company Update – Financial Performance – 5 years Shareholding Pattern Net Sales growth Quarterly Performance Sales and Market Mix Raw Material – Cost-Sales price Lag, Price Trend Sri Lanka Performance The Road Ahead Contents
Indian GDP growth expected to be around 7.5 % - 8.0% in FY’12. Volatility in global energy and food prices fueling inflation the world over. Automobile industry has registered volume growth of 17% for Q1 Fy11-12 as compared to 26% last year. Growth of Automobile Industry during the Current Year revised to 11% -13% from 16% - 17%. Increase in Interest Rates to impact the Automobile Industry. Economic Environment
Industry Size FY 11 ~ Rs.30,000 cr. Top 5 contribute to 85% of sales Industry Scenario
Past Growth –Top 5 Top 5 : CEAT, MRF,Apollo,JK,Birla
Company Update
Financial Performance and Update Gross Sales Less: Excise Duty Net Sales EBIDTA Depreciation Interest (Net) Exceptional Item PBT Less: Tax PAT Proposed Dividend Dividend %20%40%0 18% (all figures in ` crore) 5 years Performance
Shareholding Pattern
Net Sales Growth (Rs in crore)
Quarterly Performance Q4 Particulars Q Gross Sales Net Sales EBIDTA Interest Depreciation Operating PBT Exceptional expense (VRS) Non-Operating Income PBT %EBIDTA %-0.86%5.30%
Sales and Market Mix – Q1 FY11-12
Lag between cost push and price hike
Raw Material- Price Trend Rs/Kg RSS4 Prices as per Rubber Board Site Other RM Price derived from ICISLOR site
CEAT- Sri Lanka Q1 FY’10-11Q1 FY’11-12 Net Sales EBIDTA PBT PAT EBIDTA %13.1%8.5% (in ` crore)
Radial capacity at Halol Plant to ramp up to full capacity utilisation Increased supply of 2/3 wheeler tyres from 3 lakh/month to 5 lakh/month Raw material prices expected to stabilise Radialisation to continue at rapid pace in Truck / Bus segment Increase in interest rates and commodity prices to impact the Automobile sector. The Road Ahead CEAT Industry
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