Lumax Industries Limited · NSE:LUMAXIND
Lumax Industries — Q1 FY2024 Earnings Presentation
46 slides from Lumax Industries's earnings presentation, Aug 9, 2023
Slide 1: Exchange filing cover letter for investor presentation
LIL:CS:IP:2023-24 Date: 09.08.2023 BSE Limited National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Security Cod
Slide 2: Lumax Industries Limited Investor Presentation – Q1 FY2024
Lumax Industries Limited Investor Presentation – Q1 FY2024
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax 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 secu
Slide 4: Lumax-DK Jain Group
LUMNAX Lumax-DK Jain Group % LUMAX
Slide 5: DK Jain Group
DK Jain Group 3 R&D Centres 37 Seven Decade 1 Engineering Centre Manufacturing Strong 2 Design centres in Facilities Taiwan & Czech 01 02 03 04 05 06 14 Entities in 7 Leader in Over 12,000 States Automotive Lighting Employees 1 Overseas Entity Gear Shifters in Czech Republic Vehicle interior solutio
Slide 6: Two Listed Entities
Two Listed Entities Lumax Industries Limited Lumax Auto Technologies Limited Products & Services Products & Services End-to-end Automotive Integrated Plastic modules, 2-wheeler Chassis, 2/3- Lighting Solutions wheeler Lighting, Gear Shifters, Transmission Products, Emission systems, Transmission Pro
Slide 7: Purpose, Vision & Values
Purpose, Vision & Values We deliver PRIDE and PROGRESS with Our POSITIVITY Group Purpose Respect Integrity Our Passion Values Excellence Building an ADMIRED HIGH PERFORMANCE Global Organisation in Our whom all stakeholders Vision have ABSOLUTE TRUST 6
Slide 8: Diversified Product Range – 4-wheelers
Diversified Product Range – 4-wheelers VEHICLE INTERIOR SYSTEMS & COMPONENTS 7
Slide 9: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 8
Slide 10: Diversified Product Range – Commercial Vehicles
Diversified Product Range – Commercial Vehicles VEHICLE INTERIOR SYSTEMS & COMPONENTS 9
Slide 11: Diversified Product Range – Farm Equipment Sector
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp Gear Shifter 10
Slide 12: 37 Locations close to Customers
37 Locations close to Customers State Plant # Bawal 2 Dharuhera 1 Haryana Gurugram 4 Manesar 4 Pune 9 Maharashtra Waluj 2 Nashik 1 Karnataka Bengaluru 4 Facilities Location Gurugram, Manesar, Gujarat Sanand & Mehsana 3 R&D Centre Pune Tamil Nadu Sriperumbudur 1 Engineering Pune Haridwar 1 Centre Tai
Slide 13: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 JV for lighting, HVAC panels and JV for lighting and other JV for emission systems JV for gear shifters other electronics automotive pa
Slide 14: 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 13
Slide 15: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 16: Lumax Industries Limited
Lumax Industries Limited Leading the evolution in Automotive Lighting 15
Slide 17: Milestone
Milestone 1945: Founded a partnership firm 1981: Lumax Industries Pvt Limited 1994: Equity participation of ‘Globe Auto Industries’ as a Trading established after taking over Stanley, Japan in Lumax Industries concern partnership firm Globe Auto Limited Industries 1956-57: Set-up dedicated unit for
Slide 18: Competitive Advantages
Competitive Advantages Market Leaders Leadership in Lighting Partnerships With four decades of partnership with Product Portfolio Stanley, Japan, the only global auto lighting One of the few players with largest company to manufacture LED worldwide, range of lighting solutions & having presence in J
Slide 19: Customer Mix Q1 FY24
Customer Mix Q1 FY24 Customer wise Sales Q1FY23 (Rs. 502 Crores)* Customer wise Sales Q1FY24 (Rs. 584 Crores)* Q1 FY23 Q1 FY24 12 , 2% 35 , 6% 154 , 26% 44 , 9% 172 , 34% 26 , 5% 57 , 10% 15 , 3% 29 , 5% 16 , 3% 17 , 3% 30 , 5% 50 , 10% 48 , 8% 85 , 15% 56 , 11% 67 , 13% 43 , 9% 81 , 14% 49 , 8% MSI
Slide 20: Break-up of Revenue Q1 FY24
Break-up of Revenue Q1 FY24 Segment Mix LED vs Conventional Product Mix 6% 9% 29% 35% 25% Q1 FY24 65% 65% 66% Passenger Vehicle Two Wheeler Conventional Light LED Light Front Lighting Rear Lighting Others Commercial Vehicle 6% 12% 28% 33% 24% Q1 FY23 66% 67% 64% Passenger Vehicle Two Wheeler Commerc
Slide 21: SL Lumax Limited
SL Lumax Limited Established in 1997 Associate Company with 21.28% holding FY23 Sales In partnership with SL Corporation, Korea, a multinational automotive player with presence in Rs. 2,437 Crores Asia-Pacific, Europe & US Plant in Sriperumbudur near Chennai Key Customers Products Lamps Head Lamp, R
Slide 22: Strong Customer Base
Strong Customer Base … Four Wheeler Two Wheeler Commercial Vehicle Export Tractor /FES … Servicing almost 90% of OE Customers in India … The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 21
Slide 23: From Strategic Locations in Key Auto Belts of India
… From Strategic Locations … Dharuhera Pantnagar Bawal Haridwar Bawal – Electronic Facility Chakan Sanand Chinchwad Sanand II SL Lumax Ltd Chennai Bengaluru R&D Centre & Design Centre Gurugram … in Key Auto Belts of India R&D Centre Pune Design Centre Taiwan & Czech Republic 22 Map not to scale. All
Slide 24: Shareholding as of 30th June 2023
Shareholding as of 30th June 2023 Shareholding Breakup Stanley Electric Company Ltd ▪ Four decades of strong technical & financial Others DK Jain collaboration with Stanley Electric Company 25.00% Family Ltd, Japan 37.50% ▪ A world leader in Vehicle Lighting & Illumination products for Automobiles S
Slide 25: Promoter Group
Promoter Group Mr. Dhanesh Kumar Jain Mr. Deepak Jain Mr. Anmol Jain Chairman Emeritus Chairman & Managing Director Jt. Managing Director ▪ He is 48 years of age & is a Business Graduate ▪ He is 80 years of age & holds a MBA degree from from Illinois Institute of Technology, USA with ▪ He is 44 year
Slide 26: Promoter Group
Promoter Group Mr. Tadayoshi Aoki Mr. Toru Tanabe Mr. Yoshitsugu Matsushita Senior Executive Director Non-Executive Director Non-Executive Director ▪ He is 56 years old & is a Mechanical ▪ He is 64 years old & is a graduate ▪ He is 59 years of age & has a degree Engineering from Tokoyo Denki from Ho
Slide 27: Supported by Strong Independent Directors
…Supported by Strong Independent Directors Mr. A P Gandhi Mr. Rajeev Kapoor Mr. Dhiraj Dhar Gupta Age: 84 years Age: 70 years Age: 72 years Mechanical Engineer Mechanical Engineer B.Com honours from (hons) from NIIT, SRCC, Delhi University Kurukshetra He has held top leadership positions in He has o
Slide 28: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Vishnu Johri Mr. Naval Khanna Mr. Todd Morgan Group CFO CEO Corporate Head – Taxation Chief Technology & Age: 55 years Age: 65 years Innovation Officer Age: 57 years Experience: 30 Years Experience: 44 years Age: 56 Years Experience: over 30 Years
Slide 29: The Path Ahead
The Path Ahead 28
Slide 30: Rear Lamp – Technology Evolution
Rear Lamp – Technology Evolution 2014 - 2016 2017 2020-23 2022-24 2025 & beyond • Penetration of • Moving from just • Animated • Diffractive Optics • OLED (Organic LED’s into Tail LED tail to full LED functionality including that provide an LED)… Ultra thin Lamps with rear lamp gliding/progressive i
Slide 31: Head Lamp – Technology Evolution
Head Lamp – Technology Evolution 2014-17 2019-21 2022 onwards • Introduction of Projector Lamps • Increasing presence of LED • LED will continue to replace with Halogen Bulbs for new headlamps. LED projectors are the halogen, with some vehicle lines vehicles launched in India by most desired appeara
Slide 32: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities 31
Slide 33: In-house R&D & Validation Facility
…In-house R&D & Validation Facility 32
Slide 34: Financials
LUMAX Financials GROUP
Slide 35: Strong Growth in Total Income with Healthy Margins
Strong Growth in Total Income with Healthy Margins Standalone Results Revenue Reported EBITDA# 2,320 222 1,851 1,751 179 1,602 167 1,426 148 125 618 54 FY19 FY20 FY21 FY22 FY23 Q1FY24 FY19 FY20 FY21^II FY22 FY23 Q1FY24 PAT Cash PAT 107 168 151 136 72 71 112 49 82 17 36 15 FY19^I FY20 FY21^II FY22^II
Slide 36: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Standalone Results Gross Block Long Term Loan 1,510 1,522 122 1,400 1,214 1,252 1,047 79 76 53 3 0 FY19 FY20 FY21 FY22 FY23 Q1FY24 FY19 FY20 FY21 FY22 FY23 Q1FY24 Capex Long Term Debt / Equity 167 0.24 149 136 0.18 0.16 94 0.14 42 10 0.01 0.00 FY19 FY20 FY2
Slide 37: Healthy Return Ratios
Healthy Return Ratios Standalone Results ROE (%) ROCE (%) 21 32 19 24 25 15 21 12 12 17 15 4 FY19 FY20 FY21 FY22 FY23 Q1FY24 FY19 FY20 FY21 FY22 FY23 Q1FY24 Dividend (% of Face Value) EPS (in Rs.) 350 115 270 230 235 77 76 135 52 70 18 16 FY18 FY19^ FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22^I FY23 Q1F
Slide 38: Standalone P&L Statement
Standalone P&L Statement Particulars (Rs. in Crores.) Q1FY23 Q1FY22 Y-o-Y Q4FY23 Q-o-Q FY23 Manufacturing Revenue 584.3 502.3 569.7 2,228.2 Molds Revenue 34.2 9.7 38.4 91.3 Total Operating Revenue 618.4 511.9 20.8% 608.1 1.7% 2,319.5 Other Income 2.8 4.9 4.5 14.7 Total Income 621.2 516.9 20.2% 612.6
Slide 39: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q1FY24 Q1FY23 Y-o-Y Q4FY23 Q-o-Q FY23 Manufacturing Revenue 584.3 502.3 569.7 2,228.2 Molds Revenue 34.2 9.7 38.4 91.3 Total Operating Income 618.4 511.9 20.8% 608.1 1.7% 2,319.5 Other Income 2.8 4.9 4.5 14.7 Total Income 621.2 516.9 20.2% 612.
Slide 40: Awards & Recognitions
Lumax Awards & Recognitions DK JAIN GROUP
Slide 41: Supplier Recognition Award
Supplier Recognition Award Lumax Industries received the Human Resource Certificate on account of successful implementation of Fixed Term Employment at Plants in MSVC 2023 hosted by Maruti Suzuki India Ltd at Dubai on 1st - 2nd May, 2023. 40
Slide 42: TPM Award
TPM Award ▪ JIPM Award for Excellence in Consistent TPM Commitment Pantnagar Plant, 2019 ▪ Dharuhera Plant won JIPM-TPM award for excellence in Category A for year 2019 ▪ JIPM-TPM Excellence Award Bengaluru Plant, 2019 ▪ JIPM-TPM Excellence Award Bawal Plant, November 2017 ▪ JIPM-TPM Excellence Awar
Slide 43: Awards & Recognition
Awards & Recognition ▪ Won the prestigious Gold award for Top 100 best annual report for excellence within its industry for FY 2018-19, 2019-20, 2020-21 & 2021-22 ▪ The company bagged The Gold Award at ICQCC for the fifth year in a row in FY22 ▪ Each of our plants located at Haridwar, Bawal & Bengal
Slide 44: CSR Initiatives
CSR Initiatives Social Initiatives by Lumax group towards ‘Quality Education’ for the society 43
Slide 45: CSR Initiatives
CSR Initiatives Social Initiatives by Lumax group towards ‘Good Health’ for the society 44
Slide 46: For further information, please contact
For further information, please contact: Company: Investor Relations Advisors: Lumax Industries Limited Strategic Growth Advisors Pvt. Limited CIN: L74899DL1981PLC012804 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Sagar Shroff priyanka.sharma@lumaxmail.com shogun.jain@sgapl.