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Analyst / Investor Presentation Q2 FY ’10 update

Analyst / Investor Presentation Q2 FY ’10 update. October 27 th , 2009. Agenda. Economic Environment Business and Financial Highlights Q2 & H1 Way Forward. Economic Environment. GDP growth is expected at 6% in FY’10 despite deficient monsoon. Source - Ministry of Finance estimates

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Analyst / Investor Presentation Q2 FY ’10 update

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  1. Analyst / Investor Presentation Q2 FY ’10 update October 27th, 2009

  2. Agenda • Economic Environment • Business and Financial Highlights Q2 & H1 • Way Forward

  3. Economic Environment • GDP growth is expected at 6% in FY’10 despite deficient monsoon. • Source - Ministry of Finance estimates • Auto sector is expected to post YOY growth of around 20% in FY’10. • Source – IndiaInfoline Research team • TB Radialisation to be key driver for future growth.

  4. Business & Financial Highlights Q2 FY’10 • Net Sales Turnover at Rs 715 cr. showing sequential growth of 6% and 9% on YOY basis. • PBT at 92.8 Cr., a positive swing of Rs.134 Cr. over Q2FY’09 (PBT Rs. 91.5 Cr in Q1 FY ’10) • Market mix improvement - High margin Replacement contributing 73% vis-à-vis 65% in Q2 FY’09 (79% in Q1 FY’10). • Smart buying of Natural Rubber at the right time has boosted the profitability.

  5. Business & Financial Highlights Q2 FY’10 • Reduction in interest cost due to efficient working capital management & substitution of high cost debt with low interest bearing loans. • EBDITA margin of 14.9% (Q2 ’09 -3.6%, Q1’10 16.2%) • Op. PBT to Net Sales of 12.9% (Q2 ’09 -6.6%, Q1’10 13.5%) • Longterm settlement (LTS) successfully concluded at Nasik plant. Bhandup LTS likely to be concluded by October end. • Employee cost includes provision for arrears.

  6. Financial Performance – Q2 FY’10

  7. Financial Performance – Q2 FY’10

  8. Financial Performance – H1 FY’10

  9. Way Forward • Company expects increased productivity in line with long-term settlement (LTS) in H2. • Despite price increase of 3% we expect margins to be lower in Q3 and Q4 than H1 due to higher raw material prices. • The Rs. 500 Cr. Grassroot Radial project at Halol near Baroda is progressing as per schedule and commercial production is expected in October 2010.

  10. Cautionary Statement Statement in this “Management Discussion and Analysis” describing the company’s objectives, projections, estimates, expectations or predictions may be “forward looking statements” within the meaning of applicable securities law and regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the company’s operations include demand supply conditions , finished goods prices, availability and prices of raw materials , changes in the govt. regulations, tax regimes, economic development within India & countries within which the company conducts business and other factors such as litigations and labour negotiations.

  11. Thank you

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