Investor Presentation November 2026

BALKRISHNA INDUSTRIES LTD. Investor Presentation November ‘26 Safe Harbor Investor Presentation This presentation and the accompanying slides (the “Presentation”), which have been prepared by Balkrishna Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the tire industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. Table of Contents Investor Presentation • Q2 & H1FY27 HIGHLIGHTS • GROWTH ROADMAP: GOALS AND STRATEGY • BKT AT A GLANCE • RECENT ACHIEVEMENTS & MILESTONES • SUSTAINABILITY AT BKT Q2 & H1FY27 Highlights Performance Snapshot – Q2FY27 Investor Presentation Tire Sales Volume Revenue EBITDA 91,397 MT Rs. 3,450 cr Rs. 629 cr 30% YoY 49% YoY 26% YoY EBITDA Margin Net Profit Dividend* 18.2% Rs. 291 cr Rs. 4 per -329 bps YoY 10% YoY equity share AllFiguresonStandalonebasis *2ndInterimDividend Performance Snapshot – H1FY27 Investor Presentation Tire Sales Volume Revenue EBITDA 185,167 MT Rs. 6,859 cr Rs. 1,332 cr 23% YoY 35% YoY 15% YoY EBITDA Margin Net Profit Dividend 19.4% Rs. 723 cr Rs. 8 per -332 bps YoY 31% YoY equity share AllFiguresonStandalonebasis *Totalof1stand2ndInterimDividend Strategic Partnership with Pirelli Investor Presentation OVERVIEW OFFTAKE ARRANGEMENT ▪ BKT and Pirelli have entered into a strategic ▪ Production to begin in 2027. agreement to address opportunities in India’s ▪ Supplies to increase gradually to reach 800,000 passenger car tire market. Pirelli-branded tires in 2030. ▪ BKT will manufacture Pirelli-branded PCR ▪ Pirelli has a minimum annual offtake tires at its Bhuj plant, to Pirelli’s specifications. commitment, with corresponding capacity commitment from BKT. ▪ A separate service agreement provides Pirelli technical support for testing BKT-branded tires. PROPOSED JV STRATEGIC RATIONALE ▪ 50:50 joint venture is envisaged, subject to ▪ Supports BKT’s expansion into the passenger agreed conditions. car tire segment and creates potential in domestic and international markets. ▪ The JV is intended to establish a new India Arvind Poddar, Chairman and Managing plant for PCR tires under Pirelli and BKT ▪ Combines Pirelli’s premium positioning and Director of Balkrishna Industries Ltd. (BKT) brands respectively. technology with BKT’s manufacturing scale “This partnership brings together and local industrial base. complementary strengths to capture the ▪ JV agreement and incorporation targeted by 31 December 2030, subject to conditions ▪ India car registrations estimated to grow 5–7% opportunities of a growing market precedent. annually from 2025–30; premium car tire while creating value for both companies”. market projected to grow almost fivefold. Tire Sales Volume Profile Investor Presentation Segmental Sales Channel Sales Geographical Sales 315,273 317,356 292,921 315,273 317,356 315,273 317,356 11.1% 10.5% 292,628 3.5% 3.7% 292,628 1.5% 1.2% 9.3% 3.3% 1.9% 25.7% 28.7% 28.6% 26.8% 36.3% 36.6% 37.5% 27.0% 36.2% 185,167 185,167 185,167 1.4% 9.0% 7.0% 16.9% 15.2% 13.2% 28.0% 39.4% 34.6% 72.8% 70.1% 71.1% 60.5% 59.9% 58.8% 12.4% 47.1% 45.1% 40.0% 70.6% 58.4% 39.2% FY24 FY25 FY26 H1FY27 FY24 FY25 FY26 H1FY27 FY24 FY25 FY26 H1FY27 Agricultural OTR Others Replacement OEM Others Europe Americas India RoW Sales volumes in MT All Figures on Standalone basis Profit & Loss Investor Presentation Standalone Particulars (Rs in Cr) Q2FY27 Q2FY26 YoY H1FY27 H1FY26 YoY FY26 Sales (MT) 91,937 70,252 31% 185,167 150,916 23% 3,17,356 Revenue from Operations 3,491 2,389 6,935 5,149 10,820 Realized Gain on Foreign Exchange -41 -68 -76 -70 -164 Total Income 3,450 2,320 49% 6,859 5,079 35% 10,656 Raw Material 2,055 1,145 3,990 2,431 5,301 (Increase) / Decrease in Stock -72 12 -273 65 -51 Employee Expenses 155 126 308 257 522 Other Expenses 683 537 1,502 1,172 2,462 EBITDA 629 500 26% 1,332 1,155 15% 2,423 EBITDA Margin 18.2% 21.5% 19.4% 22.7% 22.7% Other Income 38 71 106 175 248 Unrealized Gain / (Loss) 8 -1 65 -155 -144 Interest & Finance Charges (Net) 70 32 113 61 147 Depreciation 216 190 420 376 764 Profit Before Tax 388 347 12% 970 738 31% 1,617 Tax 96 83 246 187 395 Profit After Tax 291 265 10% 723 552 31% 1,222 PAT Margin 8.4% 11.4% 10.5% 10.9% 11.5% All Figures on Standalone basis Balance Sheet Investor Presentation Particulars (Rs. Cr.) Sep’26 Mar’26 Particulars (Rs. Cr.) Sep’26 Mar’26 ASSETS EQUITY AND LIABILITIES Non-current assets 14,174 12,581 EQUITY 11,665 10,966 Property, Plant and Equipment 7,695 7,297 Equity Share Capital 39 39 Capital work-in-progress 3,741 2,472 Other Equity 11,627 10,928 Investment Property 83 56 Other Tangible Assets 5 3 Non-Current Liabilities 2,559 1,718 Right of use Assets 17 17 Financial Liabilities Financial Assets (i)Borrowings 1,616 888 (i) Investments 1,751 1,797 (ii)Other Financial Liabilities 177 281 (ii) Other Financial Assets 44 38 Provisions 47 51 Income Tax Assets (Net) - 25 Deferred Tax Liabilities (Net) 395 317 Other non-current assets 837 875 Other Non-Current Liabilities 323 180 Current assets 6,405 5,132 Inventories 2,423 1,714 Current liabilities 6,355 5,029 Financial Assets Financial Liabilities (i) Investments 1,292 1,327 (i) Borrowings 4,370 3,161 (ii) Trade Receivables 2,135 1,622 (ii) Trade Payables 1,013 918 (iii) Cash and cash equivalents 53 27 (iii) Other Financial Liabilities 560 584 (iv) Bank Balances other than (iii) above 3 4 Other Current Liabilities 362 360 (v) Loans 9 10 Provisions 7 6 (vi) Others 34 13 Tax Liabilities 44 - Other Current Assets 457 415 TOTAL 20,579 17,713 TOTAL 20,579 17,713 All Figures on Standalone basis Cash Flow Investor Presentation Particulars (Rs. Cr.) H1FY27 FY26 Operating profit before working capital changes 1,372 2,445 Changes in working capital -1,224 1 [Showing first 8,000 characters — download PDF for full document]