1. CEAT Investors Presentation First Quarter, FY2011-12

2.  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

3.  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

4. Industry Size FY 11 ~ Rs.30,000 cr. Top 5 contribute to 85% of sales Industry Scenario

5. Past Growth –Top 5 Top 5 : CEAT, MRF,Apollo,JK,Birla

6. Company Update

7. Financial Performance and Update 2010-112009-102008-092007-082006-07 Gross Sales37522990261126032391 Less: Excise Duty283182245273256 Net Sales34692808236623302135 EBIDTA14130648205150 Depreciation3427313331 Interest (Net)664054 58 Exceptional Item800-800 PBT33239-3719861 Less: Tax1178-214922 PAT22161-1614939 Proposed Dividend816 0 10 Dividend %20%40%0 18% (all figures in ` crore) 5 years Performance

8. Shareholding Pattern

9. Net Sales Growth (Rs in crore)

10. Quarterly Performance Q4 Particulars Q1 10-1111-1210-11 1056.5Gross Sales1161838.2 978.2Net Sales1073772.2 14.6EBIDTA-9.3040.9 22.9Interest34.212.0 9.8Depreciation15.78.1 -18.1Operating PBT-59.320.9 Exceptional expense (VRS) 3.2 0.2Non-Operating Income0.40.1 -17.9PBT-62.021.0 1.5%EBIDTA %-0.86%5.30%

11. Sales and Market Mix – Q1 FY11-12

12. Lag between cost push and price hike

13. Raw Material- Price Trend Rs/Kg RSS4 Prices as per Rubber Board Site Other RM Price derived from ICISLOR site

14. CEAT- Sri Lanka Q1 FY’10-11Q1 FY’11-12 Net Sales70.979.2 EBIDTA9.36.7 PBT7.44.2 PAT7.43.3 EBIDTA %13.1%8.5% (in ` crore)

15.  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

16. THANK YOU