Slide 1: Investor Presentation FY 2016-17
INVESTOR PRESENTATION FY 2016-17 Copyright © PRICOL Limited Slide 1
Slide 2: Disclaimer
DISCLAIMER This presentation has been prepared by Pricol Limited (the “Company”) solely for your information and for your use and may not be taken away, distributed, reproduced or redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or
Slide 3: Contents
CONTENTS • Key Stakeholders, Vision and Mission • Core Values Introduction • Company Profile • Current Geographic Presence • Revenue Breakup – Business Segment-wise Business Performance – FY 2016-17 • Revenue Breakup – Product Group-wise • Revenue Breakup – Vehicle Type-wise • Standalone Financials
Slide 4: Stakeholders, Vision and Mission
STAKE HOLDERS VISION We will strive to attain leadership and excellence in all the products and services that we provide, through socially and environmentally acceptable means. MISSION Be Dynamic: Constantly innovate and find better ways to deliver value to our customers CUSTOMERS Constantly Evolve:
Slide 5: Core Values
CORE VALUES Pricol is built on generating value and propelling positive change. We are transformative; hence, our communication platforms should adhere to creating value for all our stakeholders, i.e. customers, employees, shareholders and suppliers, providers and the communities we are engaged in.
Slide 6: Company Profile
COMPANY PROFILE Listed in : NSE – PRICOLLTD Pricol Limited commenced operations in 1974 with headquarters in Coimbatore, India BSE – 540293 Pricol Limited Subsidiary Companies: ISO/TS 16949 • PT Pricol Surya, Indonesia • Pricol do Brasil • Pricol Asia, Singapore FY 2016-17 Consolidated Income from O
Slide 7: Global Presence
GLOBAL PRESENCE STUTTGART CHICAGO TOKYO PANTNAGAR GURGAON PUNE BANGKOK COIMBATORE SINGAPORE JAKARTA SAO PAULO INTERNATIONAL OFFICES MANUFACTURING FACILITIES Copyright © PRICOL Limited Slide 7
Slide 8: Revenue Breakup – Product Group-wise (Standalone)
REVENUE BREAKUP – PRODUCT GROUP-WISE (STANDALONE) ₹ in Million Product Groups 2015-16 2016-17 % Change Driver Information Systems 5,352 5,096 -4.8% Switches & Sensors 1,651 1,329 -19.5% Pumps & Mechanical Products 2,919 3,180 8.9% Asset Management Solutions & Telematics 204 257 26.0% Auto Accessorie
Slide 9: Standalone Revenue Breakup
STANDALONE REVENUE BREAKUP Product Group-wise Revenue Classification Vehicle Type - Revenue Classification Telematics Others Others 2% 1% ORV 6% Sensors 5% Tractors 11% 6% DIS 39% AMS 18% 2W CV 52% 21% PMP 29% PPV 9% 3W 1% Copyright © PRICOL Limited Slide 9
Slide 10: Standalone Financials at a Glance - FY 2016-17
STANDALONE FINANCIALS AT A GLANCE - FY 2016-17 ₹ in Million Particulars Q4 FY 17 Q3 FY 17 Q4 FY 16 FY 2016-17 FY 2015-16 Net Sales 2,586.28 2,913.71 3,602.55 12,146.63 12,020.90 Total Income from Operations 2,720.33 3,050.85 3,744.44 12,684.27 12,580.82 EBITDA 246.67 299.23 488.25 1,362.58 1,231.24
Slide 11: Statement of Profit and Loss for the Period Ended 31st March 2017
STATEMENT OF PROFIT AND LOSS FOR THE PERIOD ENDED 31ST MARCH 2017 Particulars Standalone Consolidated ₹ in Million 2016 - 17 2015 - 16 2016-17 INCOME Revenue from Operations (Gross) 13,435.094 1,369.803 15,518.868 Less : Excise Duty 1,288.467 153.388 1,288.467 Revenue from Operations (Net) 12,146.62
Slide 12: Balance Sheet as at 31st March 2017
BALANCE SHEET AS AT 31ST MARCH 2017 ₹ in Million Standalone Consolidated Particulars 31-3-2017 31-3-2016 31-3-2017 I. EQUITY AND LIABILITIES (1) Shareholders' funds (a) Share Capital 94.797 100.000 94.797 (b) Reserves and Surplus 8,232.867 472.930 7,131.794 (2) Non Current Liabilities (a) Long Term
Slide 13: Leverage – Standalone and Consolidated
LEVERAGE – STANDALONE AND CONSOLIDATED ₹ in Million Standalone Consolidated Particulars FY 2016-17 FY 2015-16 FY 2016-17 Long Term Borrowings 316.67 320.00 698.99 Short Term Borrowings 766.81 418.62 941.97 Debt [A] 1,083.48 738.62 1,640.96 Equity [B] 8,327.66 7,869.94 7,226.59 EBITDA [C] 1,362.58 1,
Slide 14: Proposed Acquisition – PMP Auto Components Private Limited (Wiping Business)
PROPOSED ACQUISITION – PMP AUTO COMPONENTS PRIVATE LIMITED (WIPING BUSINESS) Copyright © PRICOL Limited Slide 14
Slide 15: PMP PAL Is a Leading Global Manufacturer of Automotive Wiping Systems
PMP PAL IS A LEADING GLOBAL MANUFACTURER OF AUTOMOTIVE WIPING SYSTEMS Wiping business (FY16 Sales ~ INR 2,300 mn) • With a track record of over 90 years, PMP PAL Czech Republic Mexico India International s.r.o. (“PMP PAL”) designs and manufactures wiping systems, heavy duty wipers, front wiper sets
Slide 16: PMP PAL Manufactures Integrated Wiping Systems
PMP PAL MANUFACTURES INTEGRATED WIPING SYSTEMS Post production component PMP PAL is one of the few global auto component manufacturers that produces all parts of a Wiping System Copyright © PRICOL Limited Slide 16
Slide 17: Key Investment Highlights
KEY INVESTMENT HIGHLIGHTS • Pricol will benefit from clear revenue visibility with a confirmed order book and steady EBITDA margins of the Target over the next three to four years • PMP will help Pricol make inroads into the 4W segment and diversify the combined revenue profile and get sizable acces
Slide 18: Global Presence – Post Acquisition
GLOBAL PRESENCE – POST ACQUISITION PRAGUE STUTTGART CHICAGO TOKYO PANTNAGAR GURGAON PUEBLA PUNE SATARA BANGKOK COIMBATORE SINGAPORE JAKARTA SAO PAULO INTERNATIONAL OFFICES MANUFACTURING FACILITIES PMP MANUFACTURING FACILITIES Copyright © PRICOL Limited Slide 18
Slide 19: Pricol do Brasil – Restructuring Plan
PRICOL do BRASIL – RESTRUCTURING PLAN Copyright © PRICOL Limited Slide 19
Slide 20: Restructuring Plan
RESTRUCTURING PLAN Restructure Pricol plant in Brazil aiming better operational costs and productivity • Given harsh market conditions in the last few years and Pricol’s recurrent cash burn, the company has decided to restructure Pricol plant in Brazil, aiming better operational costs and increased
Slide 21: Customer-wise Revenue and Operational P&L Forecast
CUSTOMER-WISE REVENUE AND OPERATIONAL P&L FORECAST ₹ in Million Particulars 2016-17 (A) 2017-18 (F) 2018-19 (F) 2019-20 (F) 2020-21 (F) Revenue 1,289 1,549 1,554 1,912 2,453 - GM 386 389 371 729 1,258 - VW 359 487 549 631 658 - Fiat 309 377 355 260 229 - Others 235 297 279 292 307 Material Cost 714
Slide 22: PT. Pricol Surya Indonesia – Financial Snapshot
PT. PRICOL SURYA INDONESIA – FINANCIAL SNAPSHOT Copyright © PRICOL Limited Slide 22
Slide 23: PT. Pricol Surya Indonesia – Financial Snapshot
PT. PRICOL SURYA INDONESIA – FINANCIAL SNAPSHOT ₹ in Million Particulars FY 2016-17 FY 2015-16 Revenue 907.47 871.49 Material Cost 606.82 634.81 Employee Cost 135.36 163.28 Operational Cost 107.65 75.12 EBITDA 57.64 (1.72) EBITDA Margin (%) 6.4% -0.2% PBT Before Exceptions 16.63 (65.84) PBT Margin (
Slide 24: Questions
QUESTIONS Copyright © PRICOL Limited Slide 24
Slide 25: For more information
For more information: http://www.pricol.com/investors/investor-link/ Company Secretary CPM Towers, 109, Race Course, Coimbatore – 641 018, Phone: +91 422 4336238 Fax: +91 422 4336299 Email: cs@pricol.co.in Copyright © PRICOL Limited Slide 25
Slide 26: Thank You
THANK YOU Copyright © PRICOL Limited Slide 26
Slide 27: Copyright © PRICOL Limited Slide 27
Copyright © PRICOL Limited Slide 27