1. CEAT Investors Presentation Third Quarter, FY2011-12

2.  Economic Environment  Industry Scenario – Market share & Growth Trend  Company Update  Sri Lanka Performance  CEAT : Q3 highlights Contents

3.  Global Economic crisis to impact Indian Economy.  The overall sales growth rate recorded by Automobile Sector for April-December 2011 was 12.5% as compared to the corresponding period last year.  Passenger Vehicles grew marginally at 0.5%, Commercial Vehicles segment registered growth of 19.3 %, 2-3 Wheelers sales recorded de- growth of (-) 0.07% during April-December 2011 over same period last year.  Volatility in Fx Rates during the quarter. INR/USD rates depreciated by 8.5% during the quarter. Economic Environment

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

5. Industry 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 crores) 5 years Performance

8. Shareholding Pattern

9. Net Sales Growth (all figures in crore)

10. Quarterly Performance 9 months Particulars Q1Q2Q39 months 10-1111-12 2695.1Gross Sales1160.81191.8 1129.83482.4 2490.6Net Sales1072.51104.7 1048.03225.3 126.3EBIDTA-9.461.1 60.2112.0 43.1Interest (net)34.235.9 38.1108.2 24.4Depreciation15.717.2 18.851.7 58.8Operating PBT-59.28.0 3.3-48.0 7.8Exceptional expense (VRS) 3.2- -- 0.2Non-Operating Income 0.40.3 0.20.9 51.2PBT-62.08.3 3.5-50.2 5.07%EBIDTA %-0.87%5.52%5.74% 3.47% 2.05%PBT %-0.05%0.75%0.33% -1.5% (all figures in crore)

11. Sales and Market Mix – Q3 FY11-12 Sales Mix - MT Market Mix - MT

12. Raw material and Selling price Index

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 10-11 Q2 10-11 Q3 10-11 9M 10-11 Q1 11-12 Q2 11-12 Q3 11-12 9M 11-12 Net Sales70.990.597.7259.179.2107.1111.0297.4 EBIDTA9.312.913.535.76.711.915.133.7 PBT7.410.510.328.24.28.511.424.1 PAT7.47.05.920.33.35.28.717.2 EBIDTA %13.1%14.2%13.8% 8.5%11.0%13.6%11.4% PBT%10.4%11.6%10.5%10.9%5.3%7.9%10.2%8.1% (Rs in crore)

15.  Average capacity utilisation at Halol Plant was at 50%.  No adverse impact due to fluctuations in Fx rates. CEAT: Q3 Highlights CEAT

16. THANK YOU