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ANNUAL REPORT 2021-22

DRIVING PROGRESS, TOGETHER.

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Chairman's Message

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Our focus on the Europe region with our ‘premiumisation’ strategy necessitated the specialisation process which entailed focus on profitable products like agricultural tyres and high value - niche segment passenger car tyres.

We closed the year with consolidated revenues of ₹20,948 crores, a strong growth of around 20%. The growth was led by our India operations which grew by a robust 25% for the fiscal.
Onkar Kanwar
Chairman & Managing Director
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Vice Chairman’s Message

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Apollo Tyres has been built on the philosophy of enhancing its shareholders value by ensuring consistent profitable and sustained growth, since its inception. This has seen the Company taking decisions that might be against the grain of conventional wisdom but thanks to such bold decisions we have never deviated from our path of profitable growth. As you leaf through the pages ahead, you will witness a small glimpse of similar efforts taken during the year in our endeavour to enhance shareholders value...
Neeraj Kanwar
Vice Chairman & Managing Director

Board of Directors

Onkar Kanwar

Chairman & Managing Director

Neeraj Kanwar

Vice Chairman & Managing Director

Akshay Chudasama

Regional Managing Partner, Shardul Amarchand Mangaldas & Co

Francesco Crispino

Co-founder, Greater Pacific Capital

Francesco Gori

Former CEO, Pirelli Tyre

Gen. Bikram Singh (Retd.)

Former Chief of Indian Army

Lakshmi Puri

Former Ambassador and Assistant Secretary General United Nations

Pallavi S Shroff

Regional Managing Partner, Shardul Amarchand Mangaldas & Co

Robert Steinmetz

Former Chief of International Business, Continental AG

Satish Sharma

President (APMEA) and Whole-time Director

Sunam Sarkar

President & Chief Business Officer, Apollo Tyres Holdings (Singapore) Pte Ltd

Vikram S Mehta

Former Chairman, Shell Group of Companies

Vinod Rai

Ex-Comptroller and Auditor General of India

Vishal Mahadevia

Managing Director, Head of India Warburg Pincus

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Performance
Highlights FY2022

Revenue from Operations

209.48 Bn

Net Profit

6.39 Bn

EBITDA (excluding other income)

25.74 Bn

Capital Expenditure Outflow

18.46 Bn

EBIT (including other income)

12.98 Bn

RoE

5.5 %

Net Debt/ EBITDA (excluding other income)

1.78 (Ratio)

Net Debt/EBIT (including other income)

3.53 (Ratio)

Five-Year Summary

HIGHLIGHTS

FY2022

Revenue from Operations

209.48 Bn

Net Profit

6.39 Bn

EBITDA Margin (excluding other income)

12.29 %

Net Profit Margin

3.05 %

Vision & Values

Vision:

Driving Progress, Together.

Values:

We have reshaped our values and simplified them to all-encompassing three that sit at the heart of Apollo Tyres Ltd.

Following Our Passion

We champion ideas that inspire us to think big, be brave and challenge the ordinary

One Family

We create an exclusive culture that brings our people, partners and community together

Taking Responsibility

We are committed to building a responsible and sustainable business that benefits society

About Us

Driving Progress, Together.

Apollo Tyres Ltd is an international tyre manufacturer and the leading tyre brand in India. It is built around the core principles of creating stakeholder value through reliability in its products and dependability in its relationships. The company has a total of 7 manufacturing units -- 5 in India and 1 each in the Netherlands and Hungary.

The company markets its products under its two global brands – Apollo and Vredestein, and its products are available in over 100 countries through a vast network of branded, exclusive and multi-product outlets. The product portfolio of the company includes the entire range of passenger car, SUV, MUV, light truck, truck-bus, two-wheeler, agriculture, industrial, specialty, bicycle and off-the-road tyres, and retreading material and tyres.