1. CEAT Investors Presentation

2.  Economic Environment  Industry Scenario  Financial Performance and Update  Product and Market Mix  Production Details  Raw Material – Price Trends  Highlights of the Year  Sri Lanka Performance  The Road Ahead Contents

3.  Indian GDP expected to grow by around 8.5% in FY’12.  Volatility in global energy and food prices fueling inflation the world over.  Automobile industry has registered volume growth of 27% in FY10-11. Commercial Vehicles registered highest growth rate of 33% over the previous year.  Tyre industry has registered double digit growth in FY’11. Margins are under pressure due to the steep increase in raw material prices. 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 *JK Q4 figures are estimates

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 Q1Q2Q3Q4 09-1010-11 824.8Gross Sales838.2899.6957.31056.5 772.8Net Sales772.2831.7886.8978.3 39.9EBIDTA41.043.941.514.6 10.6Interest12.013.317.922.9 7.9Depreciation8.1 8.39.8 21.5Operating PBT20.922.515.3-18.1 Exceptional expense (VRS) 7.8 0.1Non-Operating Income0.1 0.2 21.4PBT21.022.77.5-17.9 5.1%EBIDTA %5.3% 4.7%1.5%

11. Lag between cost push and price hike

12. Sales and Market Mix – FY’11

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

14.  Commencement of commercial production at radial facility in Halol, Gujarat, in March’11  Acquisition of global rights of CEAT brand from Pirelli, Italy for Euro 9 million  Capacity expansion by 35 MT/day at Nasik Plant  Increase in supply of 2/3 wheeler tyres from 2.00 lakh/month to 3.50 lakh/month. Highlights of the FY’11

15. Expansion Plans MT/day In value terms, 3 Year CAGR expected to be ~ 25% from FY10 to FY13

16. CEAT 2013 Scenario

17. CEAT- Sri Lanka FY10FY’11 Net Sales220309 EBIDTA3840 PBT2931 PAT2123 EBIDTA %17%13% (in ` crore)

18.  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 continue to be a concern  Radialisation to continue at rapid pace in Truck / Bus segment  BIS Regulation positive for the Tyre industry.  Increase in interest rates and commodity prices to impact the Automobile sector. The Road Ahead CEAT Industry

19. THANK YOU