Cie Automotive India Ltd · NSE:CIEINDIA
Cie Automotive India — Q1 CY2024 Earnings Presentation
29 slides from Cie Automotive India's earnings presentation, May 2, 2024
Slide 1: Exchange filing cover letter for Q1 CY2024 investor presentation
SEC/2024/67 2nd May, 2024 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Corporate Relationship Department, P. J. Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Mumbai - 400 001. Bandra Kurla Complex, Bandra (E), Mumbai – 400 05
Slide 2: Q1 CY2024 Results Investor Update
Q1 CY2024 RESULTS INVESTOR UPDATE May 2024 1
Slide 3: Disclaimer
Disclaimer CIE Automotive India Limited, herein referred to as ‘CIE India’ provides a wide array of presentations and reports, with the contributions of various professionals. These presentations and reports are for informational purposes and private circulation only and do not constitute a prospect
Slide 4: Index
INDEX 1. OVERVIEW 2. Q1 CY2024 3. MARKET UPDATE 4. SEBI RESULTS 3
Slide 5: 1. Overview
1. OVERVIEW 4
Slide 6: Legal Structure as on March 2024
1. OVERVIEW LEGAL STRUCTURE AS ON 31 MARCH 2024 CIE through it’s subsidiaries 65.71% 100% 100% 100% 100% BF CIE CIE Galfor Precision Aluminium CIE Hosur S.A. Private Casting India Limited Limited* Limited 100% 100% 99.96% 99.99% 100% Bill Forge CIE UAB ClE LT CIE Legazpi Metalcastello de Mexico Forg
Slide 7: 2. Q1 CY2024 Results
2. Q1 CY2024 RESULTS 6
Slide 8: Q1 CY2024 India Results
Q1 CY2024 INDIA RESULTS FINANCIAL UPDATE MARKET UPDATE JAN-MAR 2024 JAN-MAR 2024 ₹ million JAN-MAR 2024 JAN-MAR 2023 OCT-DEC 2023 V/S JAN-MAR 2023 V/S OCT-DEC 2023 Sales 14,388 +6% 13,541 13,934 <6T 6.6% 14.6% EBITDA 2,684 +18% 2,267 2,299 MHCV -15.8% 12.4% % EBITDA / Sales 18.7% 16.7% 16.5% Tractor
Slide 9: Q1 CY2024 Europe Results
Q1 CY2024 EUROPE RESULTS FINANCIAL UPDATE MARKET UPDATE JAN-MAR 2024 JAN-MAR 2024 ₹ million JAN-MAR 2024 JAN-MAR 2023 OCT-DEC 2023 V/S JAN-MAR 2023 V/S OCT-DEC 2023 Sales 8,941 -7% 9,666 7,325 <6T -3.1% -2.2% EBITDA 1,435 -16% 1,699 1,240 Source: IHS Global % EBITDA / Sales 16.0% 17.6% 16.9% EBIT 1,
Slide 10: Q1 CY2024 Consolidated Results
Q1 CY2024 CONSOLIDATED RESULTS FINANCIAL UPDATE ₹ million JAN-MAR 2024 JAN-MAR 2023 OCT-DEC 2023 Sales 23,329 +1% 23,206 21,259 EBITDA 4,119 +4% 3,966 3,539 % EBITDA / Sales 17.7% 17.1% 16.6% EBIT 3,255 +4% 3,141 2,758 % EBIT / Sales 14.0% 13.5% 13.0% EBT 3,039 +5% 2,904 2,452 % EBT / Sales 13.0% 12
Slide 11: Other Details: Other Operating Revenue, Other Income and Exchange Rates
OTHER DETAILS OTHER OPERATING REVENUE, OTHER INCOME AND EXCHANGE RATES Q1 CY2024 ₹ million INDIA EUROPE CONSOLIDATED OTHER OPERATING REVENUE 678 261 939 OTHER INCOME 466 47 513 EXCHANGE RATES PERIOD ₹/€ Average for Q1 CY2024 90.16 As on 31 MAR’ 2024 90.14 10
Slide 12: 3. Market Update
3. MARKET UPDATE 11
Slide 13: Market Production Numbers: India Market Key Segments
MARKET PRODUCTION NUMBERS INDIA MARKET: KEY SEGMENTS UPDATE - QUARTERLY <6T Vehicles** MHCV Tractors Two Wheelers PERIOD Million Units Δ% Units Δ% Units Δ% Units Δ% Q1 CY2024 1.48 6.6 95,350 -15.8 218,630 -15.1 5,524,893 26.4 Q4 CY 2023 1.29 4.8 84,845 -1.5 195,466 -13.0 5,481,195 19.0 Q3 CY 2023 1.
Slide 14: Market Outlook - India
MARKET OUTLOOK- INDIA • Passenger Vehicles Light Vehicles (less than 6 Tons – European Classification) Short Term: IHS forecasts production growth at a 3.9% between CY2023- CY 2024 Long term: IHS forecasts production growth at a CAGR of 4.8% over a period of 2023-2028 • MHCVs: Short Term: IHS* forec
Slide 15: Market Production Numbers: Europe Market
MARKET PRODUCTION NUMBERS EUROPE MARKET: KEY SEGMENT UPDATE - QUARTERLY <6T Vehicles PERIOD Million Units Δ% Q1 CY 2024 4.39 -3.1 Q4 CY 2023 4.50 7.6 Q3 CY 2023 3.78 7.3 Source: IHS Global Δ % - means comparison of Quarter volumes of this calendar year with that of the same quarter of the previous c
Slide 16: Market Outlook - Europe
MARKET OUTLOOK - EUROPE • EU – Light Vehicles: ‒ IHS Global has forecasted that the Light Vehicle production will increase in CY24 by -2.2% as compared to CY23 ‒ and will grow at CAGR of -0.2% between CY23 to CY28 15
Slide 17: 4. SEBI Format
3. SEBI FORMAT 16
Slide 18: CIE India Standalone - Statement of Profit & Loss
Rs. in Million PROFIT & LOSS CIE INDIA STANDALAONE - STATEMENT OF Standalone Quarter Ended Year Ended Particulars 31 March, 2024 31 December, 2023 31 March, 2023 31 December, 2023 Unaudited (Refer Note 4) Unaudited Audited I Revenue from operations 11,644.58 11,374.63 11,423.77 45,698.43 II Other In
Slide 19: CIE India Standalone - Statement of Profit & Loss (Cont'd)
Rs. in M illion PROFIT & LOSS CONT’D CIE INDIA STANDALAONE - STATEMENT OF Standalone Quarter Ended Year Ended Partic ulars 31 M arc h, 2024 31 Dec ember, 2023 31 M arc h, 2023 31 Dec ember, 2023 Unaudited (Refer Note 4) Unaudited Audited V Profit before tax (III-IV) 2,603.19 1,501.96 2,465.77 7,165.
Slide 20: Notes to Accounts - Standalone
1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section NOTES TO ACCOUNTS - STANDALONE 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2 The above re
Slide 21: CIE India Consolidated - Statement of Profit & Loss
Rs. in Million PROFIT & LOSS CIE INDIA CONSOLIDATED - STATEMENT OF Consolidated Quarter Ended Year ended Sr. No Particulars 31 March, 2024 31 December, 2023 31 March, 2023 31 December, 2023 Unaudited [Refer Note 7] Unaudited Audited Continuing Operations I Revenue from operations 24,268.03 22,403.95
Slide 22: CIE India Consolidated - Statement of Profit & Loss (Cont'd)
Rs. in M illion CIE INDIA CONSOLIDATED - STATEMENT OF PROFIT & LOSS (CONT’D) Consolidated Quarter Ended Year ended Sr. No Particulars 31 M arch, 2024 31 December, 2023 31 M arch, 2023 31 December, 2023 Unaudited [Refer Note 7] Unaudited Audited VII Profit before tax from continuing operations (V+VI)
Slide 23: CIE India Consolidated - Statement of Profit & Loss (Cont'd)
Rs. in M illion CIE INDIA CONSOLIDATED - STATEMENT OF PROFIT & LOSS (CONT’D) Consolidated Quarter Ended Year ended Sr. No Particulars 31 M arch, 2024 31 December, 2023 31 M arch, 2023 31 December, 2023 Unaudited [Refer Note 7] Unaudited Audited XIII Total comprehensive income for the period (XI+XII)
Slide 24: CIE India Consolidated - Segment Result
Consolidated Segment Information CIE INDIA CONSOLIDATED – SEGMENT All Companies within the CIE-India Group belong to the same operating segment (Automotive) and two geographical areas, RESULT India and Europe as presented below: Rs. in M illion Consolidated Quarter Ended Year ended Particulars 31 M
Slide 25: CIE India Consolidated - Segment Result (Cont'd)
CIE INDIA CONSOLIDATED – SEGMENT Rs. in M illion RESULT (CONT’D) Quarter Ended Consolidated Year ended Particulars 31 M arch, 2024 31 December, 2023 31 M arch, 2023 31 December, 2023 Unaudited [Refer Note 7] Unaudited Audited 3 Segment Asset a) India 64,787.81 63,260.23 59,159.19 63,260.23 b) Europe
Slide 26: Notes to Accounts - Consolidated
1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the NOTES TO ACCOUNTS - CONSOLIDATED Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2 In Septemb
Slide 27: Notes to Accounts - Consolidated (Cont'd)
The Group had rec ognised further loss on fair valuation of disposal group ofINR 1,536.45 million during the year ended on Dec ember 31, 2023. Brief details of the disc ontinuing operations are as given under:- CONT’D … NOTES TO ACCOUNTS – CONSOLIDATED Rs. in M illion Quarter Ended Year ended Partic
Slide 28: Notes Cont'd: Subsidiaries and Associate Companies
Annexure A - Subsidiaries forming part of the CIE Automotive India Limited (CIE-India) Group (formerly known as M ahindra CIE Automotive NOTES CONT’D … Limited) and its Associate Companies S. No. Name of the entity Relationship % of Holding Country of 31 March, 2024 Incorporation 1 Stokes Group Limi
Slide 29: Thank You
CIE India THANK YOU
CIE Automotive India — Q1 CY2024 Earnings Presentation on 6ix