Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q4 FY2024 Earnings Presentation
54 slides from Lumax Auto Technologies's earnings presentation, May 29, 2024
Slide 1: Exchange cover letter for revised investor presentation
LATL:CS:IP(Revised):2024-25 Date: 29.05.2024 BSE Limited National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Se
Slide 2: Investor Presentation – Q4 & FY2024
Lumax Auto Technologies Limited Investor Presentation – Q4 & FY2024 1
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: Lumax-DK Jain Group
LUMNX bec Lumax-DK Jain Group suntan
Slide 5: DK Jain Group
DK Jain Group 6 Engineering Centres 38 in India, Taiwan & Seven Decade Strong Manufacturing Czech Republic Facilities 01 02 03 04 05 06 Leader in 15 Entities in 7 States Over 12,000 Automotive Lighting 1 Overseas Entity in Employees Gear Shifters Czech Republic Vehicle interior solutions 4
Slide 6: Two Listed Entities
Two Listed Entities Lumax Industries Limited Lumax Auto Technologies Limited Products & Services Products & Services End-to-end Automotive Integrated Plastic modules, 2-wheeler Chassis, 2/3- Lighting Solutions wheeler Lighting, Gear Shifters, Transmission Products, Emission Systems, Transmission Pro
Slide 7: Our Group Purpose, Vision & Values
Purpose, Vision & Values We deliver PRIDE and Our PROGRESS with POSITIVITY Group Purpose Respect Integrity Our Passion Values Excellence Building an ADMIRED HIGH PERFORMANCE Global Organisation in Our whom all stakeholders Vision have ABSOLUTE TRUST 6
Slide 8: Diversified Product Range – 4-wheelers
Diversified Product Range – 4-wheelers VEHICLE INTERIOR SYSTEMS & COMPONENTS CAR CARE 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 VEHICLE INTERIOR SYSTEMS & COMPONENTS PLASTIC FUEL TANKS 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 Gear Shifter 10
Slide 12: 38 Locations close to Customers
38 Locations close to Customers State Plant # Bawal 2 Dharuhera 1 Haryana Gurugram 4 Manesar 4 Pune 10 Maharashtra Waluj 2 Nashik 1 Karnataka Bengaluru 4 Facilities Location Gurugram, Gujarat Sanand & Mehsana 3 R&D Centre Manesar, Pune Tamil Nadu Sriperumbudur 1 Engineering Pune Haridwar 1 Centre Ut
Slide 13: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 JV for lighting, HVAC panels and JV for lighting and other JV for emission systems JV for gear shifters other electronics automotive pa
Slide 14: 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 13
Slide 15: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 16: Lumax Auto Technologies Limited
Lumax Auto Technologies Limited Driving Growth through Diversified Products 15
Slide 17: Competitive Strengths
Competitive Strengths Evolving with Our Partners Lumax Brand Customer Outreach Credible LUMAX Brand Strong OEM presence Partnered with international automotive Over 350 Channel Partners leaders to reinforce competitiveness Manufacturing Award Diversified Product R&D Centre Capabilities Portfolio • C
Slide 18: Milestone
Milestone 1981: Lumax Auto Electricals was 2013: Setup a plant at Narsapur, Karnataka 2020: JV with Yokowo, Japan to manufacture and established to manufacture 2-wheeler to manufacture Moulded parts; Formed JV supply Antennas and other vehicle communication Lighting at Bhosari, Maharashtra with Gill
Slide 19: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 55% 100% 100% 75% 100% Lumax Cornaglia Auto Lumax Integrated Lumax Resources Lumax Mannoh Allied Lumax Management Lumax Ancillary Technologies Pvt Ventures Pvt Pvt Limited Technologies Limited Services Pvt Limited Limited Limited L
Slide 20: Cater to Diversified Segments
Cater to Diversified Segments After Market Presence in all Segments o Lighting Module(incl. o Gear Shift Lever HL/TL/Indicators & o Integrated Plastic o Gear Shift Tower, Control Modules Others) Housing o Chassis for 2- o Gear Shift Lever o Intake Systems wheelers o Seat Structures o Seat Structures
Slide 21: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle 2/3 Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 20
Slide 22: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 8 No of Plants: 3 Integrated Plastic Modules Integrated Plastic Gear Shifters, Interior Systems & Modules components Products Telematics Products Products Urea Tank Transmission Products Wiring Harness Oxygen
Slide 23: Shareholding as of 31st March 2024
Shareholding as of 31st March 2024 Shareholding breakup Others 20.79% Promoters Institutions 55.98% 23.23% 22
Slide 24: Promoter Group
Promoter Group Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 81 years of age & holds a MBA degree ▪ He is 45 years of age & holds Bachelors in ▪ He is 49 years of age & is a Business Graduate from Illinois from Delhi university & has successfully B
Slide 25: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Age: 73 years Age: 73 years Mechanical Engineer B.A. (Pol.Sc. Hons.) from Ravenshaw College, Cuttack He retired from SRF Group, has done various He is a retired Indian Revenue Service Officer with 38 programs including Executi
Slide 26: Professional & Experienced Team
Professional & Experienced Team Mr. Raju B Ketkale Mr. Sanjay Mehta Mr. Vikas Marwah Mr. Naval Khanna Mr. Ashish Dubey Group Head - Manufacturing & Director & Group CFO Chief Executive Officer Corporate Head – Chief Financial Officer Corporate Planning Age: 56 years Age: 56 years Taxation Age: 56 ye
Slide 27: Financial Performance
LUMNAX Financial Performance
Slide 28: Product-wise Revenue Break-Up
Product-wise Revenue Break-Up 10% 8% 6% 7% 26% 12% FY24* FY23^ 47% 16% Rs. 1,847 Cr. Rs. 2,822 Cr. 5% 20% 8% 8% 13% 14% Intergrated Plastic Modules After Market Fabrication Lighting Shifter Emission Others *FY24 Includes Revenue from IAC India of Rs 886 crs ^FY23 includes IAC Revenues of Rs 51 crs -
Slide 29: Segmental Revenue Break-Up: Category
Segmental Revenue Break-Up: Category 4% 5% 9% 9% 24% 37% 14% 20% FY24* FY23^ Rs. 1,847 Cr. Rs. 2,822 Cr. 29% 48% 2/3 Wheeler Passenger Car After Market CV Others *FY24 Includes Revenue from IAC India of Rs 886 crs ^FY23 includes IAC Revenues of Rs 7 crs - from 10th March 2023 to 31st March 2023 28
Slide 30: Customer wise – Revenue Break-Up
Customer wise – Revenue Break-Up 20% 15% 24% 22% 7% 14% FY24* FY23 Rs. 1,847 Cr. Rs. 2,822 Cr. 6% 20% 5% 9% 26% 5% 7% 8% 8% 4% Bajaj After Market HMSI LIL MSIL Tata M&M Others *FY24 Includes Revenue from IAC India of Rs 886 crs ^FY23 includes IAC Revenues of Rs 7 crs - from 10th March 2023 to 31st M
Slide 31: Strong historical financial performance
Strong historical financial performance1 Revenue EBITDA^ Rs. Crores Rs. Crores 2,822 413 1,847 1,508 224 1,187 1,141 1,108 163 124 109 114 FY19 FY20 FY21 FY22 FY23# FY24 FY19 FY20 FY21* FY22 FY23# FY24 Adjusted PAT After MI ** Cash PAT Rs. Crores Rs. Crores 152 248 93 69 145 53 50 109 47 80 84 81 FY
Slide 32: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 1,162 407.3 1,045 675 410.8* 602 481 533 23.4 25.5 15.8 11.5 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY24 Capex Long Term Debt / Equity 132 0.62 111 0.52 79 65 68 50 0.05 0.05 0.03 0.03 FY19 FY20 FY21 FY22 FY23 FY24
Slide 33: Return Ratios
Return Ratios Adjusted ROE (%) Adjusted ROCE (%) 19.2 28.0 29.1 16.2 14.0 22.4 12.8 11.2 8.9 16.0 14.9 16.3 FY19 FY20 FY21 FY22 FY23# FY24 FY19 FY20 FY21 FY22 FY23# FY24 Dividend (% of Face Value) EPS^ (in Rs.) 275 19.1 225 175 150 150 13.6 150 10.2 7.3 7.3 6.9 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY2
Slide 34: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q4FY24* Q4FY23^ Y-o-Y Q3FY24 Q-o-Q FY24* FY23^ Y-o-Y Revenue 757.4 493.3 53.5% 732.5 3% 2,821.7 1,847.5 52.7% Raw Material Consumption 499.2 323.9 456.7 1,802.7 1,241.1 Employee Expenses 90.9 55.3 93.9 362.2 198.5 Other Expenses 75.4 57.4 76.0
Slide 35: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores) Mar-24 Mar-23 EQUITY & LIABILITIES (Rs. in Crores) Mar-24 Mar-23 Non-current assets Equity Property, plant and equipment 575.5 566.7 Equity Share capital 13.6 13.6 Capital work-in-progress 35.8 12.9 Non-Controlling Interest 223.7 187.1 Investment Pro
Slide 36: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Crores.) FY24 FY23 PBT 226.7 146.8 Adjustments 157.2 43.8 Operating profit before working capital changes 383.9 190.6 Changes in working capital -54.6 -15.1 Cash generated from operations 329.3 175.5 Direct taxes paid (net of refund) -63.9 -38.3 N
Slide 37: Awards & Recognitions
LUMAX Awards & Recognitions DK JAIN GROUP
Slide 38: Supplier Recognition – Awards at MSVC 2024
Supplier Recognition – 4 Awards at MSVC 2024 Lumax Group at Maruti Suzuki Vendor Conference 2024 at Antalya - Turkey won 4 awards from MSIL in following categories - Part design & development award for IAC India Financial Prudence award for Lumax Mannoh Allied Technologies VA VE award for Lumax Auto
Slide 39: Award for Quick Resolution of Market Feedback
Award for Quick Resolution of Market Feedback Lumax Alps Alpine India received the award for Quick Resolution of Market Feedback from Maruti Suzuki India in May 2024. 38
Slide 40: Best QCD Performance Award
Best QCD Performance Award The Bangalore plant received the “Best QCD Performance Award” at the HMSI Annual Supplier Convention held at Mumbai in March 2024. 39
Slide 41: Best Cost Management Award
Best Cost Management Award IAC India won the Best Cost Management Performance Award at the Mahindra Supplier Excellence Awards in February 2024. 40
Slide 42: Bagged two awards for Inner Parts Localisation & Value Analysis
Bagged two awards for Inner Parts Localisation & Value Analysis India’s #1 Gear Shift Lever manufacturer Lumax Mannoh Allied Technologies, was the proud recipient of two awards in categories - Inner parts Localisation and value Analysis at MSVC 2023 hosted by Maruti Suzuki India Ltd at Dubai on 1st/
Slide 43: Super Platinum Quality Award
Super Platinum Quality Award The Pantnagar plant received the Super Platinum Quality Award from Bajaj Auto at the BAVA Convention in January 2023. Kudos to the team for their extraordinary efforts in achieving this milestone and delivering quality products to our esteemed customers. 42
Slide 44: Super Platinum Quality Award
Super Platinum Quality Award Lumax Mannoh Allied Technologies Limited for receiving the Best Cost Cooperation in ISR2.0 Award from Mr Ichiro Shimokawa, Chief Production Officer & Director – Production Planning & Control and Mr Yutaka Hozumi, Senior operating Officer - HGID from Honda Cars India at t
Slide 45: Silver Award – Toyota Kirloskar Suppliers Association
Silver Award – Toyota Kirloskar Suppliers Association Team Riser from Lumax Mannoh Allied Technologies Limited for winning the Silver Award at the Regional Quality Circle Competition organised by Toyota Kirloskar Suppliers Association in January 2023. 44
Slide 46: ACMA Awards
ACMA Awards The Bangalore plant won the Bronze Award for Excellence in Manufacturing - Very Large Category at the ACMA Atmanirbhar Excellence Awards 2022 in March 2023. 45
Slide 47: TPM Awards
TPM Awards Chakan Plant – Category B in 2017 Bengaluru plant – excellence in Category A for the year 2019 JIPM Award for Excellence in Consistent TPM Commitment - LATL Chakan, 2023 JIPM Special Award for TPM Achievement - LATL - Pantnagar, 2023 46
Slide 48: ICQCC Awards
ICQCC Awards ▪ Won the prestigious Gold award for Top 100 best annual report for excellence within its industry for FY 2018-19, 2019-20, 2020-21, 2021-22 & 2022-23 ▪ The company bagged The Gold Award at ICQCC for the fifth year in a row in FY22 ▪ Each of our plants located at Haridwar, Bawal & Benga
Slide 49: Recognition
Recognition Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 2021 Toyota Kirloskar Motor Pvt Ltd. recognised the efforts and commitment of Lumax Mannoh Allied Technologies Limited towards prov
Slide 50: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 49
Slide 51: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 50
Slide 52: Social Initiatives by Lumax group towards 'Quality Education' for the society
Social Initiatives by Lumax group towards ‘Quality Education’ for the society 51
Slide 53: Social Initiatives by Lumax group towards 'Quality Education' for the society
Social Initiatives by Lumax group towards ‘Quality Education’ for the society 52
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 / Mr. Sagar Shroff priyanka.sharma@lumaxmail.com shogun.jain
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