Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — Motherson Sumi Systems — Q4 FY2019-20 Earnings Presentation
30 slides from Samvardhana Motherson International's earnings presentation, Jun 2, 2020
Slide 1: Exchange cover letter for audited financial results
June 2, 2020 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor, New Trading Ring Plot No.C/1, G-Block Rotunda Building Bandra-Kurla Complex P.J. Towers, Dalal Street Bandra (E) Fort MUMBAI – 400051, India MUMBAI – 400001, India Scrip Code : MOTHERSUMI Scrip Cod
Slide 2: Financial Performance Q4 FY 2019-20
Proud to be part of. Motherson Sumi Systems Ltd. (MSSL) Financial Performance Q4 FY 2019-20
Slide 3: • Key Highlights • Order book status • Results Q4 FY19 vs Q4 FY20
• Key Highlights • Order book status • Results Q4 FY19 vs Q4 FY20 • Debt & Liquidity status • Results 12M FY19 vs 12M FY20
Slide 4: Key Highlights
Key Highlights. Motherson Sumi Systems Ltd, delivers stable financial performance under the current challenging environment, with the lowest debt in previous ten quarters • Overall performance is affected by OEM plant closures due to the covid-19 pandemic, especially in China and in parts of Europe;
Slide 5: COVID-19 Update
• Currently, majority of our manufacturing facilities are operating COVID-19 Update. < 25% 10% > 75% 39% 25% - 50% 27% • Business operations adversely affected post 50% - 75% 22% COVID-19 outbreak • Gradual ramp up in initial weeks/ months expected • Impact felt globally • No significant program del
Slide 6: • Key Highlights • Order book status • Results Q4 FY19 vs Q4 FY20
• Key Highlights • Order book status • Results Q4 FY19 vs Q4 FY20 • Debt & Liquidity status • Results 12M FY19 vs 12M FY20
Slide 7: Order book status at SMRP BV level
Order book status at SMRP BV level. Total (€ 18.2 bn) Order book 1,47,263 (€ 13.6 bn) of Rs. 107,122 cr. (Euro 13.6 billion) 1,29,785 at SMRP BV level 1,07,122 for 94,900 FY 19-20 (€ 5.5 bn) 43,321 New Orders worth Rs. 43,321 cr. (Euro 5.5 billion) received In FY 19-20 Highest ever execution of orde
Slide 8: • Order book status • Results Q4 FY19 vs Q4 FY20 • Debt &
• Order book status • Results Q4 FY19 vs Q4 FY20 • Debt & Liquidity status • Results 12M FY19 vs 12M FY20
Slide 9: MSSL Consolidated: Q4 FY19 vs Q4 FY20
MSSL Consolidated : Q4 FY19 vs Q4 FY20. (Rs in Crores) Revenues. EBITDA. 9.1% 10.0% 16,921 9.0% 14,870 7.5% 8.0% 7.0% 1,355 -12% 1,270 6.0% 132 15,082 5.0% Outside India 13,208 Ind AS 4.0% Within India 116 1,270 3.0% impact 1,223 2.0% % to sales 1.0% 1,839 1,662 0.0% Q4 FY 2018-19 Q4 FY 2019-20 Q4 F
Slide 10: MSSL Standalone: Q4 FY19 vs Q4 FY20
MSSL Standalone : Q4 FY19 vs Q4 FY20. (Rs in Crores) Revenues. EBITDA. * 1,805 1,671 260 249 19.5% 18.1% 20.0% -7% Exports 15.0% 1,545 Domestic 1,422 352 303 * 10.0% EBITDA * Includes % to sales 5.0% Ind AS 116 impact of Rs 6 crore 0.0% Q4 FY 2018-19 Q4 FY 2019-20 Q4 FY 2018-19 Q4 FY 2019-20 99
Slide 11: PKC: Q4 FY19 vs Q4 FY20
PKC (In Euro Terms**) : Q4 FY19 vs Q4 FY20. (In Million Euros) Revenues. EBITDA. € 314 € 259 10.5% 8.6% 8.1% € 27 8.5% -18% € 21 6.5% Ind AS 116 €3 4.5% impact € 27 € 18 % to 2.5% sales 0.5% Q4 FY 2018-19 Q4 FY 2019-20 -1.5% Q4 FY 2018-19 Q4 FY 2019-20 10 10
Slide 12: SMRPBV: Q4 FY19 vs Q4 FY20
SMRPBV (In Euro Terms**) : Q4 FY19 vs Q4 FY20. (In Million Euros) Revenues. EBITDA. € 1,474 € 1,302 6.9% 4.5% 5.0% -12% € 90 0.0% € 12 € 1,440 € 66 € 1,274 -5.0% Ind AS Outside India 116 impact € 66 € 78 -10.0% Within India % to -15.0% sales € 34 € 28 -20.0% Q4 FY 2018-19 Q4 FY 2019-20 Q4 FY 2018-19
Slide 13: SMR: Q4 FY19 vs Q4 FY20
SMR (In Euro Terms**) : Q4 FY19 vs Q4 FY20. (In Million Euros) Revenues. -12% EBITDA. €422 €371 -12% 14.6% 11.6% €403 14.0% €356 12.0% 10.0% Outside India € 49 € 54 * 8.0% Within India % of Sales 6.0% 4.0% * Includes Ind AS 116 €19 €15 2.0% impact of EUR 2 million Q4 FY 2018-19 Q4 FY 2019-20 0.0% Q4
Slide 14: SMP: Q4 FY19 vs Q4 FY20
SMP (In Euro Terms**) : Q4 FY19 vs Q4 FY20. (In Million Euros) Revenues. EBITDA. 4.2% 4.5% € 1,053 4.0% € 931 3.5% 3.0% -12% 2.5% 1.9% €39 2.0% €11 1.5% Ind AS 116 €20 impact 1.0% % to sales € 28 € 20 0.5% 0.0% Q4 FY 2018-19 Q4 FY 2019-20 Q4 FY 2018-19 Q4 FY 2019-20 13 13 ** Please refer to Note on
Slide 15: MSSL Consolidated: FY 2019-20 Quarterly trend
MSSL Consolidated : FY 2019-20 Quarterly trend. (Rs in Crores) Revenues. EBITDA. 16,557 15,709 15,436 14,870 1,355 1,355 1,264 1,277 8.6% 9.1% 7.7% 8.2% 10.0% 1,400 8.0% 90 132 1,200 89 87 6.0% 4.0% 1,000 2.0% IND AS 800 Impact 0.0% 600 1,188 1,265 1,177 1,223 -2.0% -4.0% 400 % to -6.0% sales 200 -8
Slide 16: MSSL Standalone: FY 2019-20 Quarterly trend
MSSL Standalone : FY 2019-20 Quarterly trend. (Rs in Crores) Revenues. EBITDA. 1,784 1,593 1,671 1,583 400 18.2% 18.1% 20.0% 16.1% 16.7% 350 325 303 15.0% 5 300 264 6 256 10.0% 250 10 8 IND AS 200 Impact 5.0% 150 320 297 0.0% 246 256 100 % to sales -5.0% 50 - -10.0% Q1 2019-20 Q2 2019-20 Q3 2019-20
Slide 17: SMRPBV: FY 2019-20 Quarterly trend
SMRPBV : FY 2019-20 Quarterly trend (In Million Euros) Revenues. EBITDA. 1,473 69 82 85 90 1,400 1,394 1,302 6.1% 6.9% 4.7% 5.9% 6 12 7 7 IND AS impact Adjusted 75 79 78 EBITDA 62 % to sales Q1 2019-20 Q2 2019-20 Q3 2019-20 Q4 2019-20 Q1 2019-20 Q2 2019-20 Q3 2019-20 Q4 2019-20 16 16
Slide 18: • Order book status • Results Q4 FY19 vs Q4 FY20 • Debt &
• Order book status • Results Q4 FY19 vs Q4 FY20 • Debt & Liquidity status • Results 12M FY19 vs 12M FY20
Slide 19: Cash Generated from Operations and Capex
Cash Generated from Operations and Capex. (Rs in Crores) 7,427 5,362 4,740 4,447 4,006 3,063 536 2009-10 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 -413 -1,839 -2,024 -2,194 -2,779 -2,685 -3,031 Cash generated from operations Capex (net of disposals) 18 18
Slide 20: Net Debt
A. Net Debt. 31.03.2018 31.03.2019 31.03.2020 Rs. In Crores Standalone Consolidated Standalone Consolidated Standalone Consolidated Gross Debt 1,155 10,373 1,136 11,534 1,419 11,790 Cash & Bank 102 2,778 134 3,542 230 4,873 Net Debt 1,053 7,595 1,002 7,992 1,189 6,917 Standalone 7,992 Consolidated 7
Slide 21: Liquidity: Strong Position
Liquidity : Strong Position Total Liquidity : Rs. 10,530 crores Current Liquidity Situation continue to remain strong 5,658 Continue working towards various 640 4,873 liquidity enhancement measures 1,191 Key initiatives include Rs 1,000 crores NCD issuance approval (Rs 500 crores issued) and various
Slide 22: • Order book status • Results Q4 FY19 vs Q4 FY20 • Debt &
• Order book status • Results Q4 FY19 vs Q4 FY20 • Debt & Liquidity status • Results 12M FY19 vs 12M FY20
Slide 23: MSSL Consolidated: 12M FY19 vs 12M FY20
MSSL Consolidated : 12M FY19 vs 12M FY20. (Rs in Crores) Revenues. EBITDA. 62,572 62,573 5,397 5,252 0% 6,000 8.6% 8.4% 10.0% Ind AS 399 8.0% Outside India 55,144 55,945 116 impact 3,000 6.0% Within India % to sales 5,397 4,853 4.0% 2.0% 7,428 6,628 12M FY 2018-19 12M FY 2019-20 - 0.0% 12M FY 2018-1
Slide 24: MSSL Standalone: 12M FY19 vs 12M FY20
MSSL Standalone : 12M FY19 vs 12M FY20. (Rs in Crores) Revenues. 7,396 EBITDA. 988 6,632 997 17.9% 17.3% 10.0% 6,408 1,323 * 1,148 -10.0% 5,635 -10% -30.0% * Includes Exports % to sales -50.0% Ind AS 116 impact of Domestic -70.0% Rs 29 crore 12M FY 2018-19 12M FY 2019-20 -90.0% 12M FY 2018-19 12M FY
Slide 25: PKC: 12M FY19 vs 12M FY20
PKC (In Euro Terms**) : 12M FY19 vs 12M FY20. (In Million Euros) Revenues. EBITDA. € 1,176 0% € 1,177 € 118 € 105 10.0% 12.0% 8.9% 10.0% € 11 8.0% Ind AS 116 € 105 € 107 6.0% impact 4.0% % to sales 2.0% 0.0% 12M FY 2018-19 12M FY 2019-20 12M FY 2018-19 12M FY 2019-20 PBT. PAT (Concern Share). € 70 €
Slide 26: SMRPBV: 12M FY19 vs 12M FY20
SMRPBV (In Euro Terms**) : 12M FY19 vs 12M FY20. (In Million Euros) Revenues. EBITDA. 6% € 5,569 5% € 5,278 6.2% 7.0% 5.9% € 328 € 327 6.0% € 32 5.0% Outside India € 5,161 € 5,449 Ind AS 116 4.0% € 328 € 295 impact 3.0% Within India % to 2.0% sales 1.0% € 117 € 120 0.0% 12M FY 2018-19 12M FY 2019-20
Slide 27: SMR: 12M FY19 vs 12M FY20
SMR (In Euro Terms**) : 12M FY19 vs 12M FY20. (In Million Euros) Revenues. -4% EBITDA. €1,604 €1,541 -4% 11.3% 11.7% 12.0% €1,528 €1,476 10.0% 8.0% * Outside India € 182 € 180 6.0% Within India % of 4.0% * Includes Sales Ind AS 116 €76 2.0% impact of €65 EUR 5 million 0.0% 12M FY 2018-19 12M FY 2019
Slide 28: SMP: 12M FY19 vs 12M FY20
SMP (In Euro Terms**) : 12M FY19 vs 12M FY20. (In Million Euros) Revenues. EBITDA. 5.0% € 4,029 4.3% 4.5% € 3,677 3.9% 10% 4.0% €158 €158 3.5% 3.0% €28 2.5% Ind AS 116 € 158 2.0% impact € 130 1.5% % to 1.0% sales 0.5% 0.0% 12M FY 2018-19 12M FY 2019-20 12M FY 2018-19 12M FY 2019-20 27 27 ** Please r
Slide 29: Reference Rates, Notes & Safe Harbor
Reference Rates, Notes & Safe Harbor. Copper Rates. Notes. Average Q4 2018-19 Q4 2019-20 % Change 1. This presentation has been prepared from the unaudited LME Copper (USD / MT ) 6,220 5,638 (9.3%) financial results for the quarter ended on 31th March 2020. Copper (INR / KG) 473 443 (6.3%) Explanato
Slide 30: Thank you
Thank you. www.motherson.com © Motherson All rights reserved by Motherson and/or its affiliated companies. Any commercial use hereof, especially any transfer and/or copying hereof, is prohibited without the prior written consent of Motherson and/or its affiliated companies. In case of transfer of in
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