Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Minda Industries — Q2 FY2021 Earnings Presentation
15 slides from Uno Minda's earnings presentation, Nov 10, 2020
Slide 1: Minda Industries Ltd Investor Presentation – November 2020
Minda Industries Ltd Investor Presentation – November 2020
Slide 2: Safe Harbor
Safe Harbor 2 / 43 2/6 2/15 This presentation and the accompanying slides (the “Presentation”), has been prepared by Minda Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, an
Slide 3: Quarterly Update Presentation
3 / 43 3/6 3/15 Quarterly Update Presentation
Slide 4: Performance Highlights for the Q2 2021
Performance Highlights for the Q2 2021 4 / 43 4/6 4/15 Favourable Factors Un-Favourable Factors Successful completion of Rights issue Delay in commissioning of plants by 4-6 months for 2W alloy wheel and Sensors Credit rating reaffirm to AA long term and A1+ Short term Favourable demand environment
Slide 5: Consolidated Financial Highlights
Consolidated Financial Highlights 5 / 43 5/6 5/15 Revenue (Rs. Cr) EBITDA (Rs. Cr) 33% 8% 215 1,360 1,465 162 81 74 18 24 116 64 Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 63% 14.71% 81 11.90% 49 5.52% 3.64% Q2 FY20 Q2 FY21 Q2 FY20 Q2 FY21 EBITDA PAT * * PAT =
Slide 6: Revenue Bridge
Revenue Bridge 6 / 43 6/6 6/15 1,465 Rs. Crs 1,360 51 8 -14 (53) -22 82 Quarter 2 Q2 FY20 Others Lighting Acoustics Switch Light Metal Q2 FY21 2,799 -27 -104 -170 -195 -421 1,882 Half Year H1FY20 Others Acoustics Lighting Light Metal Switch H1FY21
Slide 7: Business wise Revenue Mix
Business wise Revenue Mix 7 / 43 7/6 7/15 Revenue – Q2FY20 Revenue – Q2FY21 Others 14% Others 19% Switches Switches 32% 36% LMT 15% LMT 12% Acoustics 12% Acoustics 11% Lighting Lighting 23% 25%
Slide 8: Business Review
Business Review 8 / 43 8/6 8/15 2W Switch: Higher kit value on account of new feature and BS-VI change over. Switches 01 4W: New Product : Sun Roof, Gear Shifters and Neutral Switches been localised (Import substitution) 2W Lighting: New orders from RE, E-Bikes TVS, Bajaj and Honda Lighting 02 4W Li
Slide 9: Revenue Mix – Q2 FY21
Revenue Mix – Q2 FY21 9 / 43 9/6 9/15 Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup India International OEM Replacement 2Wheeler 4Wheeler 17% 14% 48% 52% 83% 86% Diversification across Categories and Geographies
Slide 10: Group Consolidation update
Group Consolidation update 10 /10/6 43 10/15 Toyoda Gosei Japan (TG) and Minda are consolidating their business under one umbrella. a. Minda has already increased its holding in TGMINDA to 49.9% in Sep-18. TGMINDA has acquired 95% stake in TGSIN from TG Japan in Sep-20. b. Board has in principle app
Slide 11: Strategic Business Update
Strategic Business Update 11 /11/6 43 11/15 Harita Seating NCLT Delhi hearing is scheduled November 16, 2020. All other approvals in place Sytems Merger Acquisition-cum- Scheme filed with the exchanges for their feedback. Queries have been Merger of Minda responded iConnect Issue size Rs.242.8 Cr, I
Slide 12: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement 12 /12/6 43 12/15 Particulars (Rs. Cr) Q2 FY21 Q2 FY20 YoY % Q1 FY21 QoQ % H1FY21 H1FY20 YoY % Revenue from Operations (Net of Excise) 1,465.04 1,359.57 8% 417.11 251% 1,882.15 2,799.32 -33% Raw Material 881.33 814.71 241.71 1,123.04 1,686.87 Employee Cost 204.06
Slide 13: Consolidated Balance Sheet
Consolidated Balance Sheet 13 /13/6 43 13/15 As at 30-Sep-2020 As at 31-Mar-20 As at 30-Sep-2020 As at 31-Mar-20 Particulars Particulars (Unaudited) (Audited) (Unaudited) (Audited) EQUITY AND LIABILITIES ASSETS Equity 1. Non-current assets Equity share capital 54.39 52.44 Other Equity 1,970.63 1,763
Slide 14: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement 14 /14/6 43 14/15 Particulars (Rs in Cr) Half Year Ended 30-Sep-20 Half Year Ended 30-Sep-19 PBT -26.71 153.00 Adjustments 179.15 196.27 Operating profit before working capital changes 152.44 349.27 Changes in working capital -178.03 91.01 Cash generated from operati
Slide 15: Contact Us
Contact Us 15 /15/6 43 15/15 For further information, please contact: Company : Investor Relations Advisors : Minda Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L74899DL1992PLC050333 CIN : U74140MH2010PTC204285 Mr. Tripurari Kumar Mr. Jigar Kavaiya GM Finance +91 99206 02034 tripurarik@