Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q1 FY2020 Earnings Presentation
52 slides from Lumax Auto Technologies's earnings presentation, Aug 12, 2019
Slide 1: Filing letter: Investor Presentation for Q1 ended 30 June 2019
LUMAX”. LATL:CS:IP:2019—20 Date : 12.08.2019 BSE Limited The National Stock Exchange of India Limited lst Floor, Rotunda Building Listing Department PJ. Towers, Dalal Street, Fort Exchange Plaza, C-1 Block G, Mumbai- 400 001 Bandra Kurla Complex, Bandra (E), Mumbai- 400051 Company Code: 532796 Compa
Slide 2: Investor Presentation – August 2019
Lumax Auto Technologies Limited Investor Presentation – August 2019
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 14 Entities in 8 States 29 Manufacturing Facilities 4 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 3
Slide 5: Two Listed Entities
Two Listed Entities Lumax Industries Limited Group Revenue Break Up (%) Products & Services FY19 Revenue of Rs. 3,370 Cr End-to-end Automotive Lighting Solutions Partnerships • Stanley – Japan 5% • SL Corporation - Korea 55% Lumax Auto Technologies Limited Products & Services Intake Systems, Integra
Slide 6: Purpose, Vision & Values
Purpose, Vision & Values LUMAX # 1K JAIN sna manna OUR GROUP OUR VALUES OUR VISION PURPOSE Resovect Buising vt admired We celiver . high performance ; Integrity pride gnty phal orqarisetion ir and Passion whom all scekebalde = progress ‘ veh Excellence Lee apen ee a positivity * x LUMAX — ral
Slide 7: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV 6
Slide 8: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 7
Slide 9: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 50% 37.5% in Lumax 78.72% in SL Lumax in Lumax Cornaglia Auto Industries Limited L
Slide 10: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence JAPAN ISRAEL SPAIN EXCLUSIVE DISTRIBUTORSHIP JV FOR SALE OF TELEMATICS JV FOR OXYGEN SENSORS AGREEMENT PRODUCTS AND SERVICES Relationship Since 2014 Relationship Since 2017 50% in Relationship Since 2017 49% in Lumax Lumax Ituran Telematics Pvt. Ltd. FAE
Slide 11: 29 Locations close to Customers
29 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridw
Slide 12: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer ▪ A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team ▪ Environment-conscious work ▪ Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 13: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 12
Slide 14: Relationships with Diversified Customers
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 15: Lumax Auto Technologies Limited
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 16: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Intake Systems, Integrated Plastic
Slide 17: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 18: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Allied
Slide 19: Milestones
Milestones 2019: Inauguration of Chassis facility at Aurangabad 2017: Chakan plant received TPM excellence award from JIPM JV with JOPP, Germany to manufacture and supply Formed a JV with Ituran Location 2018: Setup an R&D center transmission products to the and Control Limited, Israel to under Luma
Slide 20: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 100% 50% 50% 55% 100% 100% Lumax Mannoh Lumax Lumax Cornaglia Lumax Gill-Austem Lumax DK Auto* Allied Management Lumax Integrated Auto Technologies Auto Technologies Industries Limited Technologies Services Pvt Ventures Limited Pvt Lim
Slide 21: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence USA Italy Japan Korea JV for Seat Frames, JV for Emission Systems JV for Gear Shifters Structures and Mechanism Relationship Since 2007 Relationship Since 2008 Relationship since 2013 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied 50% in Lumax Gil
Slide 22: Cater to Diversified Segments
Cater to Diversified Segments ✓ Lighting Module(incl. ✓ Gear Shift Lever ✓ Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) ✓ Gear Shift Tower ✓ Gear Shift Lever ✓ Chassis for 2-wheelers ✓ Intake Systems ✓ Seat Structures ✓ Fabricated parts for 3- ✓ Seat Structures
Slide 23: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 22
Slide 24: Strategic Locations Close to Customers
Strategic Locations Close to Customers Pantnagar (UK) Manesar (HR) No of Plants: 1 No of Plants: 2 Lighting Integrated Plastic Products Modules Products Painted Parts Gear Shifters Domestic Trading Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH) Mehsana (GJ) No of
Slide 25: Share Holding as of 30th June, 2019
Share Holding as of 30th June, 2019 Shareholding breakup Others 20.87% Institutions Promoters 23.25% 55.88% 24
Slide 26: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 44 years of age & is a Business ▪ He is 76 years of age & holds a MBA ▪ He is 40 years of age & holds Bachelors Graduate from Illinois Institute of degree from Delhi university & h
Slide 27: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. K K Gandhi Mr. A P Gandhi ▪ He is 67 years of ▪ She is 45 years of ▪ He is 60 years of age ▪ He is 73 years of age • He is 80 years old & is a ▪ He is 68 years of age & age & holds B.A.
Slide 28: Professional & Experienced Team
Professional & Experienced Team Mr. Naval Khanna Mr. Sanjay Mehta Mr. Ashish Dubey Mr. Vikas Marwah Corporate Head – Taxation Director & Group CFO Chief Financial Officer Chief Strategy Officer Age: 62 years Age: 52 years Age: 52 years Age: 51 years Experience: 42 years Experience: 28 Years Experien
Slide 29: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Bhagat Mr. Rajesh Dubbewar Head After Market Head Metallic Age: 53 years Age: 52 years Experience: 28 years Experience: 31 years Mr. Vivek Jakhmola Mr. Atul Jain Head Body & Trim and Emission Corporate Head - Materials Age: 44 years Age: 49 years Experience
Slide 30: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 31: Financial Performance
LUMNAX Financial Performance
Slide 32: Product-wise Revenue Q1 FY20
Product-wise Revenue Q1 FY20* Product-wise Revenue mix Q1 FY19 Product-wise Revenue mix Q1 FY20 (Rs. 280 Crores) (Rs. 288 Crores) Other Misc Other Misc Intake Intake 9% 9% Systems Systems Lighting 3% Lighting 4% 28% 27% Chasis Chasis 12% 17% Gear Shifters Integrated Integrated Gear 12% Plastic Plast
Slide 33: Segmental Revenue Break-Up Q1 FY20: Sales Channel
Segmental Revenue Break-Up Q1 FY20: Sales Channel* Sales Channel Q1 FY19 Sales Channel Q1 FY20 (Rs. 280 Crores) (Rs. 288 Crores) 15% 16% 85% 84% OEM After Market OEM After Market *Performance highlights excludes Discontinued Operations of PCB business 32
Slide 34: Segmental Revenue Break-Up Q1 FY20: Category
Segmental Revenue Break-Up Q1 FY20: Category* Category Q1 FY19 Category Q1 FY20 (Rs. 280 Crores) (Rs. 288 Crores) 5% 5% 7% 7% 15% 16% 51% 52% 22% 21% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others *Performance highlights excludes Discontinued Operat
Slide 35: Client wise Revenue Q1 FY20
Client wise- Revenue Q1 FY20* Client-wise Revenue mix Q1 FY19 Client-wise Revenue mix Q1 FY20 (Rs. 280 Crores) (Rs. 288 Crores) Toyota Others Toyota Others 2% LEAR 12% 2% LEAR 12% Bajaj Auto 4% 2% Bajaj Auto 35% 39% MSIL MSIL 7% 6% HMSI 12% HMSI LIL 16% Aftermarket 10% LIL 16% 10% Aftermarket 15% *P
Slide 36: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ 1,358 144.9 1,111 116.2 905 965 837 86.1 70.9 75.2 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* PAT After MI Cash PAT 65.9 94.4 48.7 74.0 52.6 58.1 31.8 34.5 48.4 29.0 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* Consolida
Slide 37: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 481 40.2 424 375 332 28.1 306 15.0 11.0 11.5 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* Capex Long Term Debt / Equity 79 0.16 52 0.10 36 31 0.05 13 0.03 0.03 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* Con
Slide 38: Return Ratios
Return Ratios ROE (%) ROCE (%) 22.0 28.0 24.0 13.5 18.0 18.3 18.5 11.2 11.2 10.7 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* Dividend (% of Face Value) EPS^ (in Rs.) 150.0 9.7 7.2 100.0 4.7 5.1 70.0 4.2 47.0 47.0 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17* FY18* FY19* ROCE = EBIT / Capital
Slide 39: Consolidated Quarterly Performance Highlights
Consolidated Quarterly Performance Highlights*# Revenue EBIDTA^ PAT after MI 280 288 30 29 14 11 Q1FY19 Q1FY20 Q1FY19 Q1FY20 Q1FY19 Q1FY20 # Performance highlights excludes Discontinued Operations of PCB business Rs. Crores ^EBITDA includes share of profits from Jv’s & Other Income * Financials as p
Slide 40: Consolidated P&L Statement
Consolidated P&L Statement* Particulars (Rs. in Crores.)# Q1 FY20 Q1 FY19 YoY Q4 FY19 QoQ FY19 Revenue 287.5 279.8 2.8% 301.4 -5% 1,187.0 Raw Material Consumption 193.5 189.3 202.8 804.3 Employee Expenses 34.1 31.6 30.3 132.3 Other Expenses 35.0 30.6 42.2 140.3 Other Income 3.7 1.4 2.4 14.0 Profit o
Slide 41: Consolidated Balance Sheet
Consolidated Balance Sheet* ASSETS (Rs. in Crores.) Mar-19 Mar-18 EQUITY & LIABILITIES Mar-19 Mar-18 Non-current assets Property, plant and equipment 287.20 251.51 Equity Capital work-in-progress 22.25 11.98 Equity Share capital 1.363 13.63 Investment Property 18.73 19.31 Non Controlling Interest 42
Slide 42: Awards & Recognitions
LUMNAX Awards & Recognitions
Slide 43: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited won the Part Design & Development (Supplier Design Category) Award from Maruti Suzuki India Limited in May, 2019. 42
Slide 44: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited awarded for Improvement in Quality Performance by Maruti Suzuki India Limited in May, 2019 43
Slide 45: Awards & Recognition
Awards & Recognition Need to check the PHO Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax DK Auto Industries Limited, Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019
Slide 46: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 45
Slide 47: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 46
Slide 48: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 47
Slide 49: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 48
Slide 50: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 49
Slide 51: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 52: For further information, please contact
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Pratik Shah priyanka.sharma@lumaxmail.com shogun.jain@
Lumax Auto Technologies — Q1 FY2020 Earnings Presentation on 6ix