Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q3 FY21 Earnings Presentation
31 slides from Ppap Automotive's earnings presentation, Feb 9, 2021
Slide 1: Exchange filing cover letter
PPAP Automotive Limited CIN: L74899DL1995PLC073281 B-206A, Phase-II, Noida - 201305, Uttar Pradesh, India Tel: +91-120-2462552/53, Fax: +91-120-2461371 Email: info@ppapco.com, Website: www.ppapco.in 9th February, 2021 The Listing Department The Listing Department BSE Limited The National Stock Excha
Slide 2: Investor Presentation Q3FY21
Investor Presentation Q3FY21 FEBRUARY 2021 PPAP Automotive Limited TAKING CHALLENGES, TOGETHER
Slide 3: Standalone Quarterly Financial Highlights (Q3FY21)
STANDALONE ………. QUARTERLY FINANCIAL HIGHLIGHTS (Q3FY21) ………. Revenue from Operations • Revenue from Operations at ₹ 107.07 Cr. up by 35.3% w.r.t. FY20Q3 79.14 82.94 107.07 • Part Sales at ₹ 99.58 Cr 0.43 • EBITDA at ₹ 16.72 Cr, 15.6% of Sales 7.06 0.09 0.28 • PAT at ₹ 7.03 Cr, 6.6% of Sales, up by 9
Slide 4: Our Evolution
OUR ……….EVOLUTION ………. Our Mission : “TO BE A GLOBAL LEVEL EXCELLENCE COMPANY WITH AN INSPIRING WORK CULTURE FOR SERVING CUSTOMERS AND THE SOCIETY BY EXCEEDING THE EXPECTATIONS OF ALL ITS STAKEHOLDERS” Certification of ISO 50001 Established Plant - V at Added Tata Motors as customer Established Plan
Slide 5: Who We Are
WHO WE ARE ………. ………. • Over 30 years of experience in Automotive Industry Rich Legacy • Identified as India’s leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts • Integrated operations from Print to Build Market Leadership • One stop shop for full range of Auto
Slide 6: Key Management
KEY MANAGEMENT ………. ………. Mr. Abhishek Jain, CEO & Managing Director Bachelor of Science in Industrial Engineering from Purdue University, USA Work experience of over 15 years Chairman North region of Honda Suppliers Club Member of Pillar IV of Automotive Component Manufacturers Association of India
Slide 7: Technology Partners
TECHNOLOGY ………. PARTNERS ………. NISSEN CHEMITEC CORPORATION, JAPAN TOKAI KOGYO CO. LTD., JAPAN Established: 1951 Established: 1947 Global Presence: USA, Thailand, Indonesia, Global Presence: USA, Thailand, Indonesia, China, Singapore Mexico, Vietnam AUTOMOTIVE EXTERIOR & SEALING PRODUCTS AUTOMOTIVE IN
Slide 8: Core Strengths
CORE STRENGTHS ………. ………. Leadership Position Strong Customer Base Strong R&D Facilities India’s leading manufacturer Leading OEM manufacturers in of Automotive Sealing Systems Capability from Design to Print Indian Market are customers State-of-the-art Access to Global Technology Healthy Financials
Slide 9: Strategic Growth Levers
STRATEGIC ………. GROWTH LEVERS ………. Optimum utilization of Assets •Improve OEE (Overall Equipment •International benchmarking Efficiency) •Our mantra “Every Paisa Counts” •Focus on cost optimization & operating leverage Continuous Improvement Levers of Optimization of sustainable of Operational Invest
Slide 10: Product Roadmap – Extrusion & Injection
PRODUCT ………. ROADMAP – EXTRUSION & INJECTION ………. Extrusion Injection 9
Slide 11: Product Roadmap – Plastic Injection Toolings
PRODUCT ………. ROADMAP – PLASTIC INJECTION TOOLINGS ………. 10
Slide 12: Manufacturing Facilities
MANUFACTURING ………. FACILITIES ………. 11 Plants 5 Locations FACILITIES • Noida, Uttar Pradesh (Plant I & II) • Surajpur, Uttar Pradesh (Plant III) • Pathredi, Rajasthan (Plant IV) • Vallam Vadagal, Tamil Nadu (Plant V) • Viramgam, Gujarat (*Plant VI) Joint Venture Company Surajpur, Uttar Pradesh (Plant
Slide 13: Customer Base & Export Countries
CUSTOMER ………. BASE & EXPORT COUNTRIES ………. RENAULT TOYOTA BOSHOKU DAIMLER CKD EXPORTS JAPAN USA Brazil Mexico Venezuela Thailand United Kingdom South Africa Argentina 12
Slide 14: Customer Base – Our Presence in New Models
CUSTOMER ………. BASE OUR PRESENCE IN NEW MODELS ………. CUSTOMER CONTRIBUTION 2.4%, 6.8%, TWO HYUNDAI WHEELER 5.1%, Nissan - Magnite Renault - Kiger Tata Harrier Kia Seltos MG Hector OTHERS 2.8%, TATA 2.5%, TKML 39.6%, MSIL New Honda City Hyundai Verna New Hyundai Creta Vitara Brezza 4.6%, NISSAN Hyundai
Slide 15: Competitive Edge – State of the Art Manufacturing Facility
COMPETITIVE ………. EDGE – STATE OF THE ART MANUFACTURING FACILITY ………. Plastic Rubber Injection Commercial PPAP’s Engineering Expertise Extrusion Extrusion Molding Tool Room PVC / TPO / PP MATERIAL EPDM & TPV MATERIAL PP / ABS / POM Size upto 1.2 meter 4 Locations; 11 Extrusion Lines 2 Locations: 3 Lo
Slide 16: Joint Venture & Subsidiaries
JOINT ………. VENTURE & SUBSIDIARIES ………. •Established in 2012 •50:50 Joint venture with Tokai Kogyo Co. Ltd. • Manufacturing facilities in Uttar Pradesh & Gujarat •Product line – EPDM Automotive Body Sealing and TPV Glass Run Channels • Established in 2019 • 100% wholly owned subsidiary • Product line
Slide 17: Customer Appreciation - Accolades
CUSTOMER ………. APPRECIATION - ACCOLADES ………. 16
Slide 18: Financial Performance Snapshot
FINANCIAL PERFORMANCE SNAPSHOT
Slide 19: Quarterly Performance
QUARTERLY ………. PERFORMANCE ………. 14.8% 13.4% 13.5% 7.1% 15.6% 5.5% 9.6% 7.6% 4.4% 4.5% 6.6% 5.5% • Revenue from Operations stood at ₹ 107.07 Cr. in Q3FY21 v/s ₹ 79.14 Cr. in Q3FY20 ₹ Cr. 82.94 107.07 103.57 79.14 -70.4% -81.7% -106.1% 17.62 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 *REVENUE FROM OPERATIONS
Slide 20: Major Expenses (₹ Cr.)
MAJOR ………. EXPENSES (₹ Cr.) ………. Employee Benefits Materials 64.7% 75.2% 59.3% 57.2% 52.9% 54.5% 16.13 15.43 16.06 45.21 13.26 14.52 61.29 61.47 41.85 19.5% 17.5% 15.5% 15.1% 11.40 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Value % to Revenue Value % to Revenue Other Expen
Slide 21: Interest & Earnings (₹ Cr.)
INTEREST & EARNINGS (₹ Cr.) ………. ………. INTEREST 3.3% EBITDA 13.4% 13.5% 14.8% 15.6% 0.98 0.91 14.03 16.72 0.68 0.66 10.62 12.24 1.2% 0.58 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 0.9% 0.9% 0.6% -12.40 -70.4% Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Value % to Revenue Value % to Revenue EBIT PAT 9.63% 4.4% 5.50%
Slide 22: EPS, Book Value, Market Capitalization (BSE)
EPS, ………. BOOK VALUE, MARKET CAPITALIZATION (BSE) ………. EPS (₹) Net Worth 216.29 217.28 214.90 209.91 207.00 13.77 14.76 304.20 289.80 300.86 302.81 293.88 5.02 4.05 2.52 2.62 1.41 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 -0.63 -1.10 -10.28 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 EPS TTM ₹ EPS ₹ Net Worth (₹ Cr
Slide 23: Key Ratios
KEY ………. RATIOS ………. Net Worth Working Capital 12.0% 7.5% 293.59 7.0% 9.3% 5.4% 9.6% 64.45 4.7% 5.0% 66.01 56.70 57.58 293.88 300.86 48.31 302.81 304.20 289.80 76.11 48.98 54.93 -19.9% 63.35 -22.4% Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Q3FY20 Q4FY20 Q1FY21 Q2FY21 Q3FY21 Net Worth (₹ Cr.) RONW ROCE Work
Slide 24: Consolidated Summary
CONSOLIDATED ………. SUMMARY ………. EPS (₹) REVENUE AND PAT (₹ Cr.) 5.08 107.33 2.65 83.08 78.64 1.80 Q3FY20 Q2FY21 Q3FY21 TTM EPS (₹) 14.09 0.66 7.11 2.52 3.71 Q3FY20 Q2FY21 Q3FY21 Q3FY20 Q2FY21 Q3FY21 -2.64 REVENUE FROM OPERATIONS (₹ Cr.) PAT (₹ Cr.) 23
Slide 25: 9 Months Summary
9………. MONTHS SUMMARY ………. 270.00 270.00 250.00 36.71 14.3% 12.00 250.00 230.00 8.00 230.00 4.00 210.00 9.72 210.00 - 190.00 FY 2020 9M FY 2021 9M 190.00 -4.00 207.64 -2.64 256.48 8.0% 170.00 -8.00 170.00 7.0% 17.92 16.56 150.00 STANDALONE EPS PERIOD₹ 150.00 13.61 5.3% 130.00 130.00 10.00 110.00 207.
Slide 26: Financial Performance Snapshot (FY2016-2020)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY2016-2020) ( ₹ Cr.) ………. Revenue from Operations 410.98 360.04 EBITDA 397.63 345.01 6.82 302.75 2.65 21.3% 4.16 2.13 18.8% 15.54 19.3% 39.86 2.33 39.84 17.2% 30.44 14.1% 7.81 388.62 355.12 310.41 318.07 292.61 52.06 66.61 84.88 77.20 50.74 FY 2016 FY 2017 FY 20
Slide 27: Financial Performance Snapshot (FY2016-2020)
FINANCIAL PERFORMANCE SNAPSHOT (FY2016-2020) (₹ Cr.) ………. ………. Fixed Assets (Gross Block) 313.34 336.60 272.12 Working Capital 65.48 224.27 7.86 195.53 2.30 55.22 16.46 51.07 11.83 12.10 50.19 48.98 3.18 10.48 0.45 8.50 7.68 62.18 298.94 312.28 54.31 55.64 47.44 48.31 249.81 212.59 187.40 FY 2016 FY
Slide 28: Consolidated Financial Performance Snapshot (FY2016-2020)
CONSOLIDATED ………. FINANCIAL PERFORMANCE SNAPSHOT (FY2016-2020) (₹ Cr.) ………. PAT Earning Per Share (₹ Cr.) 28.08 24.10 9.9% 19.97 8.1% 8.2% 13.00 5.1% 10.02 4.4% 4.50 4.50 14.02 27.96 39.31 33.74 18.20 3.00 3.00 2.00 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 PAT
Slide 29: Shareholding Pattern as on 31st December 2020
SHAREHOLDING PATTERN AS ON 31 ST DECEMBER 2020 ………. ………. 1.6% 2.7% 4.4% Promoter 26.8% Individual Bodies Corporates 64.5% Foreign Corporates Others MARKET CAPITALIZATION (BSE) ₹ 376.47 Cr. 28
Slide 30: Safe Harbor
SAFE HARBOR ………. ………. Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially f
Slide 31: Thank You
For further information please contact: Mrs. Sonia Bhandari PPAP Automotive Limited Ph: +91 120 2462552 / 53 Email: investorservice@ppapco.com Mr. Anupam Saxena THANK YOU Consultant-Investor Relations Ph: +91 9999072800 Email: anupamsaxena1@gmail.com 30