Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q3 FY2021 Earnings Presentation
54 slides from Lumax Auto Technologies's earnings presentation, February 2021
Slide 1: Exchange filing cover letter for investor presentation
LUMnx LATL:CS:I P:2020-21 Date : 12.02.2021 BSE Limited The National Stock Exchange of India Limited Listing Compliance Department Listing Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400 001 Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Sc
Slide 2: Lumax Auto Technologies Limited Investor Presentation – February 2021
Lumax Auto Technologies Limited Investor Presentation – February 2021
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: 75 Glorious Years of Lumax DK Jain Group
75 Glorious Years of Lumax DK Jain Group 3
Slide 5: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 15 Entities in 8 States 33 Manufacturing Facilities 4 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 4
Slide 6: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY20 Revenue of Rs. 2,900 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Transmission Products, Seat Structures, Aftermarket, Telematics Products and Servic
Slide 7: Purpose, Vision & Values
Purpose, Vision & Values LUMNX PURPOSE DK JAN, OUR GROUP We celiver pride and progress wilh positivity % LUMAX Lumax®* OUR VALUES Resvect litegrity Passion Excellence Lumax® OUR VISION Raising v1 admired high performance ohal org arisetion ir whom all se kebolde have absolute trust.
Slide 8: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV Telematics Products & Services Antennas HVAC Panel Transmission Products Destination Boards & Urea Tanks for Commercial Vehicle Aftermarket products 7
Slide 9: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 8
Slide 10: Diversified Product Range – Commercial Vehicles
Diversified Product Range – Commercial Vehicles 9
Slide 11: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp 10
Slide 12: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING, HVAC PANELS JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AND OTHER ELECTRONICS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 37.5% in Lumax 78.72% in SL Lumax 50% in Lumax
Slide 13: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence JAPAN ISRAEL SPAIN EXCLUSIVE DISTRIBUTORSHIP JV FOR SALE OF TELEMATICS AGREEMENT PRODUCTS AND SERVICES JV FOR OXYGEN SENSORS Relationship Since 2017 Relationship Since 2017 Relationship Since 2014 50% in Lumax Ituran Telematics Pvt. Ltd. 49% in Lumax FAE
Slide 14: 33 Locations close to Customers
33 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 3 Manesar 4 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Andhra Anantpur 1
Slide 15: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team Environment-conscious work Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 16: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 15
Slide 17: Relationships with Diversified Customers
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 16
Slide 18: Lumax Auto Technologies Limited
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 19: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Intake Systems, Integrated Plastic
Slide 20: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 21: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Allied
Slide 22: Milestones
Milestones 2017: Chakan plant received TPM excellence award from JIPM Formed a JV with Ituran Location 2020 2018: Setup an R&D center and Control Limited, Israel to under Lumax Cornaglia Auto provide Telematics Products and Technologies Pvt Limited at Services Pune 2020: Bengaluru plant has Formed a
Slide 23: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 100% 55% 100% 100% Lumax Cornaglia Lumax Mannoh Lumax Mettalics Pvt Lumax Management Lumax Integrated Auto Technologies Allied Technologies Limited * Services Pvt Limited Ventures Limited Pvt Limited Limited June 2007 Nov 2013 July
Slide 24: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Italy Japan Japan Exclusive Distributorship JV for Emission Systems JV for Gear Shifters Agreement Relationship Since 2007 Relationship Since 2008 Relationship since 2014 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied Technologies Pvt Limited Tech
Slide 25: Cater to Diversified Segments
Cater to Diversified Segments Lighting Module(incl. Gear Shift Lever Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) Gear Shift Tower Gear Shift Lever Chassis for 2-wheelers Control Housing Seat Structures Fabricated parts for 3- Intake Systems
Slide 26: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 25
Slide 27: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 4 No of Plants: 2 Integrated Plastic Lighting Modules Products Gear Shifters Painted Parts Transmission Products Products OE Accessories Oxygen Sensors Urea Tank Gurugram (HR) Domestic and Exports Trading - Af
Slide 28: Share Holding as of 31st December, 2020
Share Holding as of 31st December, 2020 Shareholding breakup Others 19.54% Promoters Institutions 55.98% 24.48% 27
Slide 29: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 30: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director He is 45 years of age & is a Business He is 78 years of age & holds a MBA He is 41 years of age & holds Bachelors Graduate from Illinois Institute of degree from Delhi university & h
Slide 31: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. A P Gandhi He is 70 years of age & He is 69 years of She is 50 years of He is 62 years of age • He is 82 years old & is a is a Mechanical age & holds B.A. age and she is a & hol
Slide 32: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Naval Khanna Mr. Vikas Marwah Mr. Raajesh Gupta Director & Group CFO Corporate Head – Taxation Chief Executive Officer Group Company Secretary Age: 53 years Age: 63 years Age: 53 years Age: 51 Years Experience: 29 Years Experience: 43 years Experi
Slide 33: Professional & Experienced Team
Professional & Experienced Team Mr. Rajesh Dubbewar Mr. Sanjay Bhagat Head Metallic Head After Market Age: 53 years Age: 54 years Experience: 30+ years Experience: 29 years Mr Ashish Popli Mr Anil Tyagi Head Mechatronics Company Secretary Age: 43 years Age: 49 years Experience: 21 years Experience:
Slide 34: Financial Performance
LUMNAX Financial Performance
Slide 35: Product-wise Revenue Q3 FY21
Product-wise Revenue Q3 FY21 Product-wise Revenue mix Q3 FY20 Product-wise Revenue mix Q3 FY21 (Rs. 287 Crores) (Rs. 365 Crores) Other Other Emmision Integrated Integrated 7% Emmision 7% 4% Plastic Plastic 7% Modules Modules 29% 27% Shifter 10% Shifter 11% Lighting 13% Lighting 12% Fabrication Fabri
Slide 36: Product-wise Revenue 9M FY21
Product-wise Revenue 9M FY21 Product-wise Revenue mix 9M FY20 Product-wise Revenue mix 9M FY21 (Rs. 868 Crores) (Rs. 720 Crores) Emission Others Emission Others 4% 7% Integrated 6% 6% Intergrated Plastic Plastic Modules Modules 30% 30% Shifter Shifter 11% 11% Lighting Lighting 13% 12% Fabrication Af
Slide 37: Segmental Revenue Break-Up Q3 FY21: Category
Segmental Revenue Break-Up Q3 FY21: Category Category Q3 FY20 Category Q3 FY21 (Rs. 287 Crores) (Rs. 365 Crores) 6% 8% 6% 10% 47% 44% 20% 20% 20% 18% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others 36
Slide 38: Segmental Revenue Break-Up 9M FY21: Category
Segmental Revenue Break-Up 9M FY21: Category Category 9M FY20 Category 9M FY21 (Rs. 868 Crores) (Rs. 720 Crores) 5% 7% 7% 9% 18% 47% 19% 50% 20% 18% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others 37
Slide 39: Customer wise – Revenue Q3 FY21
Customer wise – Revenue Q3 FY21 Customer wise Q3 FY20 Customer wise Q3 FY21 (Rs. 287 Crores) (Rs. 365 Crores) Toyota Toyota TATA 1% Others 1% 4% Tata Lear 1% 13% Others Lear 1% Bajaj 1% 14% Bajaj 37% 36% MSIL MSIL 8% 6% LIL 9% LIL 9% HMSI HMSI 9% 10% After Market After Market 20% 20% 38
Slide 40: Customer wise – Revenue 9M FY21
Customer wise – Revenue 9M FY21 Customer wise 9M FY20 Customer wise 9M FY21 (Rs. 868 Crores) (Rs. 720 Crores) Toyota Toyota TATA 2% Tata Others 1% 4% Lear 1% 10% 2% Lear Others Bajaj 1% 13% Bajaj 38% 37% MSIL 7% MSIL 6% LIL 9% LIL 10% HMSI HMSI 10% 12% After Market After Market 18% 19% 39
Slide 41: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ 1,187.0 1,140.9 123.9 1,111.5 116.2 108.8 905.2 965.4 86.1 719.9 75.2 67.3 FY16 FY17* FY18* FY19* FY20* 9MFY21* FY16 FY17* FY18* FY19* FY20* 9MFY21* PAT After MI Cash PAT 53.2 80.3 84.3 48.7 49.8 74.0 34.5 58.1 31.8 52.6 51.1 26.1 FY16 FY17* FY
Slide 42: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 574 28.1 28.2 533 481 23.4 424 375 332 15.0 11.0 11.5 FY16 FY17* FY18* FY19* FY20* 9MFY21* FY16 FY17* FY18* FY19* FY20* 9MFY21* Capex Long Term Debt / Equity 79 0.10 52 50 47 0.06 0.05 0.05 36 31 0.03 0.03 FY16 FY17* FY18* FY19* F
Slide 43: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 24.0 11.2 10.7 11.2 18.3 18.5 16.0 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19* FY20* Dividend (% of Face Value) EPS^ (in Rs.) 150.0 150.0 7.8 7.2 7.3 100.0 5.1 4.7 47.0 47.0 FY16 FY17 FY18 FY19 FY20 FY16 FY17* FY18* FY19* FY20* ROCE = EBIT / Capi
Slide 44: Consolidated Quarterly Performance Highlights
Consolidated Quarterly Performance Highlights Revenue EBIDTA* PAT 10.2% 11.5% 11.7% 11.2% 4.0% 6.3% Y-o-Y Performance +46% +99% +27% 43 23 365 287 29 12 Q3FY20 Q3FY21 Q3FY20 Q3FY21* Q3FY20 Q3FY21 11.7% 11.7% 5.4% 6.3% Q-o-Q Performance +28% +50% +29% 43 23 365 284 33 15 Q2FY21 Q3FY21 Q2FY21 Q3FY21*
Slide 45: Consolidated P&L Statement (from Continued operations)
Consolidated P&L Statement (from Continued operations) Particulars (Rs. in Crores.) Q3 FY21 Q3 FY20 Y-o-Y 9M FY21 9M FY20 Y-o-Y FY20 Revenue 365.2 287.0 27% 719.9 868.2 -17% 1,140.9 Raw Material Consumption 248.1 194.5 486.6 588.0 772.4 Employee Expenses 38.4 34.7 92.1 102.8 134.8 Other Expenses 40.
Slide 46: Awards & Recognitions
LUMNAX Awards & Recognitions
Slide 47: Awards & Recognition
Awards & Recognition Lumax Auto Technologies Limited, Bengaluru won JIPM-TPM award for excellence in Category A for the year 2019 Lumax Auto Technologies Limited, Pantnagar won the Silver Award in Excellence in HSE (Health, Safety and Environment) - Very Large Category at ACMA Technology Summit & Aw
Slide 48: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar won the Bronze Award in Excellence in HR at the ACMA Technology Summit & Awards in November, 2019. Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A tot
Slide 49: Awards & Recognition
Awards & Recognition Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax Auto Technologies Limited , Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019 LATL Chakan Plant, Rec
Slide 50: Awards & Recognition
Awards & Recognition Won the prestigious Gold award for Lumax Mannoh Allied Technologies Pvt. Ltd. Top 100 best annual report for received first ever Patent registration from the excellence within its industry for the Government of India for invention in “Shift Knob past fiscal year. Assembly” in Ja
Slide 51: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 50
Slide 52: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 51
Slide 53: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 54: For further information, please contact
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Ms. Akashi Modi priyanka.sharma@lumaxmail.com shogun.jain@
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