Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q2 FY15 Earnings Presentation
19 slides from Gabriel India's earnings presentation, Dec 1, 2017
Slide 1: Gabriel India Ltd. Result Update Presentation – Q2 FY15
Gabriel India Ltd. Result Update Presentation – Q2 FY15
Slide 2: Disclaimer
This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or b
Slide 3: Revenue, EBITDA and PBT Q2 FY15
+20% +45% +73% 7,351 581 429 6,127 Revenue (Rs.Mn) 401 EBITDA (Rs.Mn) 3,845 309 242 Q2 3,171 248 PBT (Rs.Mn) Q2 203 Q2 138 Q1 2,956 3,506 272 187 Q1 198 Q1 110 Q2 FY14 Q2 FY15 Q2 FY14 Q2 FY15 Q2 FY14 Q2 FY15 • Improved margins in Q2 on account of : • Revenue increase aided by growth in 2W & PC Segme
Slide 4: Profit & Loss Highlights
Profit & Loss Highlights Rs.Mn Q2 FY15 % of Sales Q2 FY14 % of Sales YoY% H1 FY15 % of Sales H1 FY14 % of Sales YoY% Revenue 3,845 3,171 21% 7,351 6,127 20% Raw Material 2,794 72.7% 2,286 72.1% 5,329 72.5% 4,388 71.6% Employee Expenses 284 7.4% 251 7.9% 559 7.6% 501 8.2% Other Expenses 458 11.9% 431
Slide 5: Balance Sheet Highlights
Balance Sheet Highlights Rs. In Million Sept 14 FY14 Rs. In Million Sept 14 FY14 Shareholders Fund 3069 2852 Non Current Assets 2,892 3,029 Share Capital 144 144 Fixed Assets 2,676 2,797 Reserves & Surplus 2925 2708 Long Term loans 216 232 Non Current Liabilities 215 232 Other Non CA 0 0 Long Term B
Slide 6: Revenue Mix: Segment and Channel
Revenue Mix 2/3 2/3 Wheelers Wheelers 61% Segment – Mix 56% Passenger cars Commercial 30% Commercial Passenger Vehicles Vehicles cars 14% 12% 27% H1 FY14 H1 FY15 Channel – Mix OE 85% Exports Export 3% 4% Aftermarket 12% OE Aftermarket 84% 12% 6
Slide 7: Quarterly Performance Trend
Quarterly Performance Trend (Rs. Mn) Revenue & Annualized CAGR (%) EBITDA & Annualized CAGR (%) EBITDA Margin% +141 bps +21% 3,845 309 8.0% +52% 7.8% 272 3,506 7.3% 3,395 242 3,317 230 6.8% 3,171 203 6.4% Q2FY14 Q3FY14 Q4FY14* Q1FY15 Q2FY15 Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Q2 FY14 Q3 FY14 Q4
Slide 8: Reduction in Borrowings
Reduction in Borrowings (Rs. Mn) 17 Others 288 Term loan 7 Working capital 83 Public Deposit 7- 716 3- 666 561 419 3- 255 185 164 179 170 Mar'12 Mar'13 Mar'14 Jun'14 Sep'14 Company repaid its Working Capital Debt in H1 8
Slide 9: Improving Dividend Profile
Improving Dividend Profile Dividend Per Share (Rs.) 16% 13% 28% 29% 21% • Continuous Dividend 0.85 since 1998 0.75 • Improving Dividend Payout Ratio 0.5 0.5 0.45 • Declared Interim Dividend of Rs. 0.45 per share, amounting to 45% of Face Value FY11 FY12 FY13 FY14 YTD FY15 Pay out Ratio excl. DDT 9
Slide 10: Signed Technical License Agreement with KONI
Signed Technical License Agreement with KONI…. • KONI, Netherland based company and part • Under arrangement, KONI will provide of New York-based ITT Corp, has more than technology to design, develop and manufacture innovative damper products for 150 years of experience in area of Shock Commercial V
Slide 11: Business Overview
Business Overview 11 Head Office, Pune, India
Slide 12: An Introduction
An Introduction Incorporation of Company, Gabriel India, in 1961 No “OE” accounts for more than 20% of sales Pioneer of Ride Control Products in the country Established significant presence in all channels of automotive sale, OE, Aftermarket and Exports “Golden Peacock Well diversified OEM Customer
Slide 13: Pioneer of Ride Control Products
Pioneer of Ride Control Products… Commercial Vehicle & 2/3 Wheeler Passenger Car Railways Front Forks McPherson Struts Shock Absorbers Hydraulic Shock Gas Shock Absorbers Cabin Dampers Absorbers Gas Shock Absorbers Cartridges Seat Dampers AFTER MARKET ACROSS ALL SEGMENTS 13
Slide 14: Significant Revenue Share
…Significant Revenue Share Sales (Rs. Mn) Segment - Wise : FY14 2/3 Wheelers 12,745 60% 11,960 11,153 9,617 Passenger Commerci cars al Vehicles 30% 10% 6,883 Channel - Mix : FY14 Aftermark et OE 11% 86% FY10 FY11 FY12 FY13 FY14 Exports 3% 14
Slide 15: Strategic Manufacturing Footprint
Strategic Manufacturing Footprint Ashok Leyland SML Isuzu Honda Cars GIL Presence Tata Motors Honda Motorcycles TVS Motors Parwanoo GIL Plants ICML Yamaha India Maruti Suzuki Khandsa GIL Satellite Locations Suzuki Motorcycles AMW GM Sanand Dewas Tata Motors Hindustan Motors Honda Motorcycles Nashik
Slide 16: Going Ahead
Going Ahead 16 Head Office, Pune, India
Slide 17: Strategy to grow
Strategy to grow… - Debt Reduction - BEP Reduction - Simplification TECHNOLOGY & - Automation INNOVATION EFFICIENCY IMPROVEMENT - R & D Focus - Sustainable Manufacturing - Innovation Culture SALES GROWTH - Exports Focus - In Organic Growth - Global Manufacturing Footprint - Customer Focus 17
Slide 18: With SBU Approach
…With SBU Approach SBU Structure for focused approach • Created Strategic Business Units for each automotive segment : 2Wheelers/ 3Wheelers, Passenger Cars & Commercial Vehicles / Railways and After-Market Channel • To derive benefits in • Customer & Product Focus • Export Push • After market expans
Slide 19: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Rajendran Arunachalam Ms. Sanjita Ghosh / Mr. Shogun Jain rajendran.arunachalam@gabriel.co.in gsanjita@s