Cie Automotive India Ltd · NSE:CIEINDIA
Cie Automotive India — Mahindra CIE Automotive — Q1 CY2022 Earnings Presentation
27 slides from Cie Automotive India's earnings presentation, Apr 25, 2022
Slide 1: Cover letter to stock exchanges on Q1 CY2022 results
rnahlndra C / E Mahindra CIE Automotive Limited Suite F9D, Grand Hyatt Plaza (Lobby Level), Off Western, Express Highway, Santacruz (E), Mumbai- 400 055, India Tel: +912262411031 Fax: +91 22 62411030 www.mah1ndracie.com mcie.lnvestors@cie-lndla.com SEC/2022/048 25th April, 2022 BSE Limited National
Slide 2: Q1 CY2022 Results
Q1 CY2022 Results 25 April 2022 I MUMBAI
Slide 3: Disclaimer
Mahindra CIE Disclaimer Mahindra CIE Automotive Limited, herein referred to as MCAL 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
Slide 4: Overview
T OVERVIEW CIE Automotive
Slide 5: Overview: Legal Structure
OVERVIEW LEGAL STRUCTURE CIE through it’s subsidiaries M&M 11.43% 60.75% 100% 100% 100% 100% 100% 100% BF Bill Forge Stokes Aurangabad CIE Galfor Precision de Mexico CIE Hosur Group Electricals S.A. Private S de RL de Limited Limited Limited* Limited CV 100% 100% 99.96% 100% Mahindra UAB ClE LT CIE
Slide 6: Q1 CY2022 Results
2 QI CY2022 RESULTS CIE Automotive
Slide 7: MCIE India: Q1 CY2022 Results
MCIE INDIA Q1 CY2022 RESULTS FINANCIAL UPDATE MARKET UPDATE (₹ Mn) JAN-MAR 2022 CHANGE JAN-MAR 2021 OCT-DEC 2021 JAN_MAR 2022 JAN_MAR 2022 v/s v/s SALES 12,022 15% 10,488 10,678 JAN_MAR 2021 OCT-DEC 2021 <6T -2.2% 12.4% EBITDA* 1,815 12% 1,621 1,287 MHCV NA NA EBITDA% 15.1% 15.5% 12.0% Tractors -35.
Slide 8: MCIE Europe: Q1 CY2022 Results
MCIE EUROPE Q1 CY2022 RESULTS FINANCIAL UPDATE MARKET UPDATE (₹ Mn) JAN-MAR 2022 CHANGE JAN-MAR 2021 OCT-DEC 2021 JAN_MAR 2022 JAN_MAR 2022 SALES 12,423 20% 10,375 8,712 v/s v/s JAN_MAR 2021 OCT-DEC 2021 EBITDA* 1,264 -12% 1,441 794 <6T -19.1% -3.0% MHCV NA NA EBITDA% 10.2% 13.9% 9.1% EBIT* 872 -14%
Slide 9: MCIE Consolidated: Q1 CY2022 Results
MCIE CONSOLIDATED Q1 CY2022 RESULTS FINANCIAL UPDATE (₹ Mn) JAN-MAR 2022 CHANGE JAN-MAR 2021 OCT-DEC 2021 SALES 24,444 17% 20,863 19,391 EBITDA* 3,079 1% 3,062 2,081 EBITDA% 12.6% 14.7% 10.7% EBIT* 2,213 2% 2,179 1,254 EBIT% 9.1% 10.4% 6.5% EBT* 2,130 5% 2,037 1,127 EBT% 8.7% 9.8% 5.8% (*) EBITDA: N
Slide 10: Other Details: Other Operating Revenue, Other Income, Exchange Rates
OTHER DETAILS OTHER OPERATING REVENUE, OTHER INCOME AND EXCHANGE RATES FOR Q1 CY2022 (₹ Mn) INDIA EUROPE CONSOLIDATED Other Operating Revenue 789 650 1,439 Other Income 96 12 108 EXCHANGE RATES PERIOD ₹/ € Average for Q1 CY22 84.39 As on 31 MAR 2022 84.13 9
Slide 11: Market Update
6 MARKET UPDATE CIE Automotive
Slide 12: India Market: Key Segments Update - Quarterly
INDIA MARKET: KEY SEGMENTS UPDATE - QUARTERLY MARKET PRODUCTION NUMBERS <6T Vehicles** MHCV Tractors Two Wheelers PERIOD Mio Units Δ% Units Δ% Units Δ% Units Δ% Q1 CY2022 1.17 -2.2 NA NA 191,121 -35.3 4,461,604 -21.0 Q4 CY2021 1.05 -11.1 173,433 85.1 211,488 -27.4 4,549,031 -22.7 Q3 CY2021 1.01 5.7
Slide 13: Market Outlook - India
MARKET OUTLOOK - INDIA • Passenger Vehicles ₋ Light Vehicles (less than 6 Tons – European Classification) Short Term: IHS forecasts production growth at a 7.7% between CY2021-CY 2022 Long term: IHS forecasts production growth at a CAGR of 4.7% over a period of 2021-2026 • MHCVs: Short Term: IHS fore
Slide 14: Europe Market: Key Segments Update - Quarterly
EUROPE MARKET: KEY SEGMENTS UPDATE - QUARTERLY MARKET PRODUCTION NUMBERS <6T Vehicles MHCV PERIOD Million Units Δ% Units Δ% Q1 CY2022 3.78 -19.1 NA - Q4 CY2021 3.89 -24.5 137,798 -4.7 Q3 CY2021 2.91 -31.7 103,178 -9.5 Source: IHS Global Δ % - means comparison of Quarter volumes of this financial yea
Slide 15: Market Outlook - Europe
MARKET OUTLOOK - EUROPE • EU – Light Vehicles: ‒ IHS Global has forecasted that the Light Vehicle production will grow in CY22 by 3.4% as compared to CY21 ‒ and will grow at CAGR of 3.5% between CY21 to CY26. • EU – MHCV’s: ‒ IHS Global has forecasted that the Europe MHCV production will grow in CY2
Slide 16: SEBI Results
7 SEBI RESULTS CIE Automotive
Slide 17: Standalone - Statement of Profit & Loss
MCIE STANDALAONE - STATEMENT OF PROFIT & LOSS STATEM ENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 M ARCH, 2022 Rs. in Million Standalone Quarter Ended Year Ended Particulars 31 M arch, 2022 31 December, 2021 31 M arch, 2021 31 December, 2021 Un Audited (Refer Note 8) Un Aud
Slide 18: Standalone - Statement of Profit & Loss (Cont'd)
MCIE STANDALAONE - STATEMENT OF PROFIT & LOSS (CONT’D) Rs. in M illion Standalone Quarter Ended Year Ended Partic ulars 31 M arc h, 2022 31 Dec ember, 2021 31 M arc h, 2021 31 Dec ember, 2021 Un Audited (Refer Note 8) Un Audited Audited VII Profit before tax from continuing operations (V-VI) 1,975.6
Slide 19: Consolidated Statement of Profit & Loss
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 MARCH, 2022 Rs. in M illion Consolidated Quarter Ended Year Ended Particulars 31 M arch, 2022 31 December, 2021 31 M arch, 2021 31 December, 2021 Unaudited (Refer Note 8) Unaud
Slide 20: Consolidated Statement of Profit & Loss - Cont'd
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS - CONT’D … Rs. in M illion Consolidated Quarter Ended Year Ended Particulars 31 M arch, 2022 31 December, 2021 31 M arch, 2021 31 December, 2021 Unaudited (Refer Note 8) Unaudited Audited Profit before exceptional items, share of profit of V associates an
Slide 21: Consolidated Statement of Profit & Loss - Cont'd
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS - CONT’D … Rs. in M illion Consolidated Quarter Ended Year Ended Partic ulars 31 M arc h, 2022 31 Dec ember, 2021 31 M arc h, 2021 31 Dec ember, 2021 Unaudited (Refer Note 8) Unaudited Audited XIII Profit for the period (XI + XII) 1,614.29 802.26 100.94 3
Slide 22: Consolidated - Segment Result
MCIE CONSOLIDATED – SEGMENT RESULT All Companies within the M ahindra CIE Group belong to the same business segment (Automotive) and two geographic al segments, India and Europe as presented below: Rs. in M illion CONSOLIDATED Quarter Ended Year Ended 31 M arc h, 31 Dec ember, 31 M arc h, 31 Dec emb
Slide 23: Consolidated - Segment Assets and Liabilities
MCIE CONSOLIDATED – SEGMENT ASSETS AND LIABIILITIES Rs. in M illion CONSOLIDATED Quarter Ended Year Ended 31 M arch, 31 December, 31 M arch, 31 December, 2022 2021 2021 2021 Particulars Unaudited (Refer Note 8) Unaudited Audited 3 Segment Assets a) India 56,364.10 54,785.82 51,680.25 54,785.82 b) Eu
Slide 24: Notes
STATEMENT OF STANDALONE AND CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER ENDED 31 MARCH, 2022 NOTES Notes: 1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recogni
Slide 25: Notes Cont'd
NOTES CONT’D … 6 The Company has considered the possible effects that may result from the COVID 19 pandemic and has also considered external and internal information for assessing the possible impact of COVID 19 in the preparation of the financial information including the recoverability of carrying
Slide 26: Notes Cont'd: Annexure A - Subsidiaries and Associates
NOTES CONT’D … STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31 MARCH, 2022 Annexure A - Subsidiaries forming part of the M ahindra CIE Automotive Limited (M CIE) Group and its Associate Companies S. No. Name of the entity Relationship % of Holding Country of Incorporat
Slide 27: Thank You
Mahindra CIlE Thank You mahindracie.com
Mahindra CIE Automotive — Q1 CY2022 Earnings Presentation on 6ix