Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q2 FY21 Earnings Presentation
18 slides from Greaves Cotton's earnings presentation, Nov 6, 2020
Slide 1: Greaves Cotton Limited – Investors Presentation cover letter
GREAVES SINCE 1859 6th November 2020 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Investors Presentation Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements
Slide 2: Investor Deck Q2 FY21
Investor Deck Q2 FY21 6th Nov’20
Slide 3: Disclaimer
Disclaimer • Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and regulations. • Actual r
Slide 4: Greaves 2.0 defined in 2017 delivering results and is being accelerated
Greaves 2.0 defined in 2017 delivering results and is being accelerated Thrust on Strategic Transformation Continues – Delivering Results Revived Growth at GCL Building Ampere Created New Strategic Assets Acquired 19 24% Bestway Revenue Growth (%) MRR (INR ‘Cr’) Acquired 100% Acquired 9 67% 4 -7% FY
Slide 5: Greaves has created a unique positioning as last mile mobility specialist
Greaves has created a unique positioning as last mile mobility specialist delivering affordable and uninterrupted mobility Spares Body Customization Service Telematics Charging/ Swapping Vehicle Diagnostics Retrofits Theft Protection Unparalleled Life- cycle support Strong Value Infrastructure Added
Slide 6: While COVID has created a short-term impact, green shoots of revenue recovery are emerging
While COVID has created a short-term impact, green shoots of revenue recovery are emerging Post-COVID Growth Recovery Accelerating COVID Gradual Economic Lockdown Unlock Recovery Revenue (INR ‘Cr’) 492 513 521 15 23 26 387 27 330 Ampere 42 Businesses 477 490 495 156 360 9 288 GCL 147 Q1FY20 Q2FY20 Q
Slide 7: Key initiatives taken by Greaves in H1FY21 will help the company emerge stronger (1/2)
Key initiatives taken by Greaves in H1FY21 will help the company emerge stronger (1/2) Increasing Focus on both Core Businesses & Mobility Businesses • Dedicated leadership for Core Businesses & Mobility Businesses • Group leadership to drive transformation and strategic portfolio moves Developing N
Slide 8: Key initiatives taken by Greaves in H1FY21 will help the company emerge stronger (2/2)
Key initiatives taken by Greaves in H1FY21 will help the company emerge stronger (2/2) Operational Efficiencies & Long-term Cost Reset (10%+ of Cost Base) • Plant consolidation • Overhead cost reduction Strong working capital management Net Working Capital (Days) - GCL Net Working Capital (Days) - A
Slide 9: Strengthening Greaves Brand
Strengthening Greaves Brand GREAVES 8
Slide 10: #UnlockLife with Ampere Electric Scooters
#UnlockLife with Ampere Electric Scooters Ampere adds 65 New Dealerships since COVID unlock | Now has pan-India presence with 265 dealers Ampere enhances customer centricity with new ownership options Vehicle Leasing Plan Battery Subscription Exchange Program 9
Slide 11: Q2 FY21 Financial Highlights
Q2 FY21 Financial Highlights 10
Slide 12: Financial Performance Snapshot
Financial Performance Snapshot (INR ‘Cr’) 490 288 59 42 45 17 3 Q2FY20 Q2FY21 -18 Revenue EBITDA PAT before exceptional items Reported PAT Key Highlights Q2 Revenue at INR 288 Cr (-41% down vs last year) Q2 EBDITA at 6.1% (12.1% vs last year) Exceptional items of INR 31 Cr for Ranipet Closure
Slide 13: Revenue by Business (Q2 FY21)
Revenue by Business (Q2 FY21) Q2FY21 Standalone Q2FY21 Consolidated 17% 15% 13% 47% 54% 29% 25% Engines Aftermarket Others Engines Aftermarket E-mobility Others Others includes Genset, Agri equipment and Trading 12
Slide 14: Volumes by Business
Volumes by Business FY20 FY21 GROWTH (%) VOLUMES (units) Q2 H1 Q2 H1 Q2 H1 Auto Engines 67,567 1,35,891 19,234 30,450 Non-Auto Engines 9,643 21,006 12,216 17,371 Engines 77,210 1,56,897 31,450 47,821 -59% -70% Genset 944 2,039 558 833 Light Equipment 17,405 37,616 10,028 16,345 Non-Auto Products 18,
Slide 15: Financial Results – Q2FY21 : GCL Standalone
Financial Results – Q2FY21 : GCL Standalone INR ‘Cr’ Particulars Q2 FY 20 Q2 FY 21 Growth % Income from Operations 490 288 -41% Material Consumed 68.4% 70.8% Employee Cost 43 29 Others Expenses 53 38 EBIDTA from Operations 59 17 -70% EBIDTA Margin 12.1% 6.1% PBT before exceptional item 50 5 -90% PAT
Slide 16: Financial Results – Q2FY21 : Ampere
Financial Results – Q2FY21 : Ampere Particulars (INR ‘Cr’) Q2 FY20 Q2 FY21 Growth Net Revenue 22.4 32.5 44% RMC % 72% 77.3% Expenses 10.1 9.3 EBIDTA -3.8 -1.9 EBIDTA % -17% -6% PAT -4.2 -2.7 15
Slide 17: Share Holding Pattern
Share Holding Pattern As on 30th June 2020 As on 30th Sep 2020 Non Institutional 17% Non Institutional 22% Promoters Promoters Institutional 55% 55% Institutional 28% 23% 16
Slide 18: Thank You
GREAVES CLEANTECH SOLUTIONS TECHNOVATION AFFORDABLE SOLUTIONS DIVERSIFIED SUSTAINABLE RELIABLE SOLUTIONS SOLUTIONS THANK YOU