Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q1 FY2025 Earnings Presentation
35 slides from Greaves Cotton's earnings presentation, Aug 1, 2024
Slide 1: Greaves Cotton Limited Q1 FY2025 Earnings Presentation
GREAVES COTTON LIMITED Q1 FY2025 Earnings Presentation
Slide 2: Our Genesis and Business Verticals
Our Genesis Business Verticals ENGINEERING 160+ Mission ELECTRIC MOBILITY Years of Empower lives and Empowering lives rich legacy livelihood across diverse RETAIL businesses and customer constituencies with engineering products 90+ IND AA TECHNOLOGIES & services, promoting environmental FINANCE Pres
Slide 3: Greaves Ecosystem: Empowering Efficient & Sustainable Last Mile Mobility
Greaves Ecosystem: Empowering Efficient & Sustainable Last Mile Mobility ▪ Greaves Engineering (B2B + B2C) – The Flagship business is a provider of bespoke prime mover solutions using fuel agnostic engines, ePowertrain, Engine components and Motion Control through application engineering • Greaves T
Slide 4: Transformation Journey
Transformation Journey Greaves Cotton 2.0 Greaves Cotton 1.0 • Value chain extraction across the lifecycle • Single product/category • LMM ecosystem • B2B Business • Presence across multiple • Small TAM segments • High cyclicality • B2B2C • High client concentration • Diversified revenue stream with
Slide 5: Greaves Today... A Diversified Company
GREAVES Today... A Diversified Company Starting from a single diesel engine product, Greaves has now expanded to cater to multi-fuel, electric, and fuel-agnostic products, including motors, controllers, cables, gensets, and more. EMPOWERING Greaves’ products are now available in over 90 countries, w
Slide 6: Strong Management Team
Strong Management Team DR. ARUP BASU MR. K. Vijaya Kumar MR. Narasimha Jayakumar Managing Director ED & CEO, Greaves Electric Mobility CEO, Greaves Retail (B.E. and PhD in Technology - (MBA) (MBA, B.Tech and PGDM, Composite Materials) Marketing, Strategy) Expertise Expertise With over 25 years of ex
Slide 7: Manufacturing & Distribution footprint
Manufacturing & Distribution footprint 20,000 Mechanic Network 7 Regional Offices 10,000+ Retail Network 8 Factories Aurangabad Greater Noida Nagpur Engine & Engine E-Rickshaw Motion Controls Components Manufacturing Manufacturing Manufacturing Hyderabad Ranipet 3W Auto & Talegaon 2W E-Cargo Genset
Slide 8: GCL Standalone Q1 FY25 Business Snapshot
GCL Standalone Q1 FY25 Business Snapshot ₹ 445 Cr 67 % 33% ₹ 50 Cr ₹ 49 Cr Revenue Engineering Retail EBITDA PBT 12% 12% 11% * Comparable Y-o-Y 8
Slide 9: GCL Consolidated Q1 FY25 Business Snapshot
GCL Consolidated Q1 FY25 Business Snapshot ₹ 640 Cr 56 % 23% 20% ₹ 27 Cr Revenue Engineering Retail E-Mobility EBITDA 13% The Board of Directors approved the following: • Subscribing to equity shares of Greaves Electric Mobility Private Limited (up to INR 120 crores) for working capital, capex, fund
Slide 10: Business Division Disclosures
Business Division Disclosures • In Q1 FY25, standalone revenue reported of Rs. Greaves Engines 445 Cr., grew 12% y-o-y and EBITDA was up by Q1FY22 Q1FY23 Q1FY24 Q1FY25 (Rs. Cr.) 12% Revenues 153 253 257 297 EBITDA (14) 7 17 27 • Greaves Engineering and Retail businesses EBITDA Margin (%) (9.1%) 2.9%
Slide 11: Business Division Disclosures
Business Division Disclosures • The diversification strategy is contributing to the Excel Q1FY24 Q1FY25 resilience in revenues (Rs. Cr.) Revenues 39 63 EBITDA 14 17 • Continued focus on margin improvement yielding EBITDA Margin (%) 36.6% 27.6% results both in terms of growth in EBITDA & improvement
Slide 12: Financial Snapshot
Financial Snapshot Particulars (Consolidated) Q1 Growth (%) Q4 Growth (%) (Rs. Cr.) FY25 FY24 Y-o-Y FY24 Q-o-Q Income from Operations 640 569 13% 673 (5%) RMC (%) 67.4% 70.8% 67.4% Other Expenses 181 180 195 EBITDA 27 (14) NM 24 15% Margin (%) 4.3% (2.5%) 3.5% Operating PBT 15 (10) NM 6 158% Margin
Slide 13: Segment Volumes
Segment Volumes Q1 Growth (%) Q4 Growth (%) Volumes (Units) FY25 FY24 Y-o-Y FY24 Q-o-Q Engines Auto 23,278 16,169 44% 22,974 1% Non-Auto 13,130 11,239 17% 14,323 (8%) Engines* 36,408 27,408 33% 37,297 (2%) E2W 9,811 12,790 (23%) 8,948 10% E3W 3,074 2,688 14% 2,574 19% Electric Mobility 12,885 15,478
Slide 14: Leverage Profile
Leverage Profile Consolidated (Rs. Cr.) Jun -23 Mar -24 Jun - 24 Standalone (Rs. Cr.) Jun -23 Mar -24 Jun - 24 Cash & Cash Equivalent 792 731 785 Cash & Cash Equivalent 307 507 550 Short Term Debt 9 49 43 Short Term Debt NIL NIL NIL Long Term Debt 44 - - Long Term Debt NIL NIL NIL Total Debt 53 49 4
Slide 15: Engineering Business Q1 FY25 Highlights
Engineering Business Q1 FY25 Highlights 15
Slide 16: End to End Engineering Solutions
End to End Engineering Solutions Providing prime mover solutions using fuel agnostic engines, ePowertrain & engineering components • Established in 1859, GCL is a leading designer and 6+ Million 15+ manufacturer of Engines for Automotive and Non- Engines on the road Engine Variants Automotive Applic
Slide 17: Engineering growth – Expanding customer base worldwide
Engineering growth – Expanding customer base worldwide • Successfully transformed from a single product / single Diesel, fuel category Company agnostic o Lowered client / sector Engines and concentration with share Engine Components f of diesel engine and auto or Auto and segment steadily Diesel and
Slide 18: Q1FY25 – Key Developments: Greaves Engineering
Q1FY25 – Key Developments Greaves Engineering Q1FY25 highlights ▪ Strong performance across auto & non-auto segments o Automotive engines saw a 31% growth; market share increased to 57% o Favorable agricultural season boosted small engine business by 25% YoY o Export demand remained stable, expect t
Slide 19: Launched CPCB IV+ products
Launched CPCB IV+ products Introduced CPCB IV+ Compliant Gensets, meeting new pollution standards ▪ Gensets span from 5 kVA to 500 kVA, offering approximately 90% reductions in NOx and particulate matter, significantly lowering greenhouse gas emissions ▪ Greaves’ portfolio includes larger gensets fr
Slide 20: Excel - Home of cables & control levers
Excel - Home of cables & control levers PRODUCT • Leading manufacturer of mechanical and motion PORTFOLIO control systems having presence across 80 countries • Tier 1 supplier to leading OEM's and offers wide services ranging from designing, prototyping, development and production of cables, control
Slide 21: Retail Business Q1FY25 Highlights
Retail Business Q1FY25 Highlights 21
Slide 22: Greaves Retail – One stop shop for spares, service, and accessories
Greaves Retail – One stop shop for spares, service, and accessories A reliable, easy-to-access bridge between buyers/customers/consumers and suppliers/ manufacturers through consistent pricing and supply. 1 Leading player in the Indian automotive aftermarket 20,000+ Pan India distributor of multi-br
Slide 23: Building the ecosystem
GREAVES Building the ecosystem Greaves Retail Apps and Platform Ecosystem — Can be extended to GCL GREAVES Service Booking & Garage Greaves Loyalty App — For Quick Commerce App Distributor Management System + —— oS Field Sales Optimization Platform for | Sales Teams All Apps and data connected to SA
Slide 24: Q1FY25 – Key Developments: Greaves Retail
Q1FY25 – Key Developments Greaves Retail ▪ Partnerships: o Partnered with a leading Manufacturer & Supplier of Motors and Controllers for E3W L3 o Added new Original Equipment Manufacturers (OEs), now 40+ strong, including large and mid size Indian OEMs ▪ New Distributors and Retailers: o Recruited
Slide 25: Electric Mobility Business Q1FY25 Highlights
Electric Mobility Business Q1FY25 Highlights 25
Slide 26: Portfolio of Electric Passenger & Cargo Wheelers
Portfolio Of 2 & 3 Wheelers – Across All Speeds & Use-Cases 2W Existing Launched in Q1 FY25 Nexus High Performance Sporty scooter City speed High speed scooter for for the youth family scooter young families & Millennials Family e-scooter 3W Existing Electric Cargo 3W Other fuel types Electric Passe
Slide 27: Unlocking Potential in E3W Division
Unlocking Potential in E3W Division GCL - 3W Volume CAGR: 33% ELE (Electric 3W Brand): Offers a Greaves Eltra is prominent in the L5 wide array of e-rickshaws catering category of three-wheelers, catering to 13,601 to passenger and cargo passenger and cargo segments transportation needs • Convention
Slide 28: Q1FY25 – Key Developments: Ampere Nexus
Q1FY25 – Key Developments Greaves Electric Mobility Greaves Electric Mobility Introduced India's First High- Performance Family Electric Scooter - Ampere Nexus ▪ Ampere introduced its high-performance family electric scooter, the Ampere Nexus, starting at INR 1,09,900 (ex- showroom) ▪ Designed, deve
Slide 29: Finance & Technologies Business Q1FY25 Highlights
Finance & Technologies Business Q1FY25 Highlights 29
Slide 30: Q1FY25 – Key Developments: Greaves Finance and Technologies
Q1FY25 – Key Developments: Greaves Finance Greaves Technologies Key achievements in Q1 FY25: Primary Factors Driving Performance: Providing financing to the top OEMs who control >80% of the market The automotive industry's evolution towards electrification, share cost efficiency, and accelerated pro
Slide 31: Annexure
GREAVES Empowering Lives Annexure 31
Slide 32: ESG – Commitment
ESG – Commitment ▪ The Company’s commitment towards the environment is reflected in all aspects of functioning, including manufacturing processes and technological innovations. It has been certified as an ISO 14001:2015 ▪ The Company reached another milestone in Going Green with the inauguration of
Slide 33: CSR Initiatives with impact across diverse segments
CSR Initiatives with impact across diverse segments Training, reskilling and coaching Training, reskilling and coaching Training, reskilling and coaching farmers for better earnability and fishermen for their better earnability Training and reskilling e-rick drivers for their better new developments
Slide 34: Q1FY25 – Awards & Recognition
Q1F25 – Awards & Recognition Greaves Cotton Limited Greaves won Silver Award Bike India Award 2024 – was certified Great Place for Best In-House Primus won the best to Work for the 4th Corporate electric scooter of the consecutive year. Communications Team year and earned Gold Award for Best Use of
Slide 35: Thank You
Thank You Trupti Roy GREAVES COTTON LIMITED +91-022-4171 1700 trupti.roy@greavescotton.com Suraj Digawalekar / Jenny Rose Kunnappally CDR India +91 9821194418 / 8689972124 suraj@cdr-india.com / jenny@cdr-india.com