Hi-tech Gears Limited · NSE:HITECHGEAR
Hi-tech Gears — The Hi-Tech Gears — Q4 FY24 Earnings Presentation
26 slides from Hi-tech Gears's earnings presentation, Jun 1, 2024
Slide 1: The Hi-Tech Gears Ltd. Earnings Presentation Q4/12M-FY24
THE HI-TECHPRESENTATION EARNING GEARS LTD. Q 4 / 12M- FY24 1
Slide 2: Snapshot
S N A P S H OT 5 10+ 37 Years Manufacturing 2,500+ Exports to Of Experience Plants Employees Countries Strategic 14% Marquee Partners 3 Year 58% Global Customers to Major Auto Revenue CAGR 3 Year PAT CAGR OEMs 2
Slide 3: Company Overview
C O M PA N Y O V E R V I E W CONSOLIDATED REVENUE (INR MN) & EBITDA MARGINS (%) • The Hi-Tech Gears Ltd. (THGL) was incorporated in 1986 and has grown to be an auto component manufacturer of high repute, supplying engine and transmission components to diverse marquee customers across the globe. 11,6
Slide 4: Key Strengths
KEY STRENGTHS One of the leading manufacturers One of the very few component Strategically located state-of-the- of critical high-precision gears, manufacturers catering to diverse art manufacturing facilities in shafts and Transmission segments of automobiles and India, Canada and USA components en
Slide 5: Global Footprint and Marquee Customers
G L O B A L F O OT P R I N T A N D M A R Q U E E C U S TO M E R S Daimler A.G. JCB Power Cummins Robert Bosch Magna Powertrain Perkins UK GERMANY Daimler Fuso JAPAN Cummins CANADA Robert Bosch CHINA SOUTH KOREA Cummins USA Foton Cummins Daimler American Axle GKN Magna MEXICO Powertrain Robert Bosch
Slide 6: Diversified Business Presence
DIVERSIFIED BUSINESS PRESENCE TWO-WHEELER MEDIUM & HEAVY COMMERCIAL VEHICLES PASSENGER CARS AGRI, ENGINES AND OFF-HIGHWAY Association with Top players in each segment 6
Slide 7: Plants Across India and North America
PLANTS ACROSS INDIA AND NORTH AMERICA Manufacturing facilities in India Manufacturing facilities overseas Plant-I, Bhiwadi Plant-II, Manesar Plant-III, Bhiwadi Plant-I, Guelph, Canada Plant-II, Emporium USA Est. 1986 Est. 2005 Est. 2011 Acquired 2017 Acquired 2017 DUAL SHORE PRESENCE 7
Slide 8: Product Portfolio
PRODUCT PORTFOLIO Commercial & Off- Sintered Two-Wheeler Car Transmission & Engine Power Take Off Precision Forging & Highway Vehicles Transmission Driveline Gears Components Machining Components Transmission 8
Slide 9: Process Infrastructure
PROCESS INFRASTRUCTURE Forging Finishing • Hot Forging • Gear Grinder • Warm Forging • Honing, • Cold Forging • Gear Honing, • Cold Extrusion • Hard Turning, • Coining • Grinding, etc. Machining Tool Room & Die Manufacturing • CNC Turning • Vertical Machining Center EDM . • Gear Cutting (Wet & Dry H
Slide 10: Thrust on EV and New Technologies
THRUST ON EV AND NEW TECHNOLOGIES Electric Vehicle Components EV-Differential Assembly – EV deliver higher torque and power curve with fewer gear with higher rotational speed. THGL Initiatives: TW : Gear Component Final Assembly & Counter Assembly and Gear Drive PC : Helical Gear Components Advance
Slide 11: Financial Overview
FINANCIAL OVERVIEW
Slide 12: Q4/12M-FY24 Financial Highlights
Q4/12M-FY24 FINANCIAL HIGHLIGHTS Q4-FY24 Consolidated Highlights Q4-FY24 Standalone Highlights INR 2,869 Mn INR 408 Mn INR 178 Mn INR 2,030 Mn INR 272 Mn INR 162 Mn Operational Operational EBITDA Net Profit EBITDA Net Profit Income Income 0.1% YoY* 22.9% YoY 7.2% YoY 7.7% YoY 9.7% YoY 26.6% YoY INR
Slide 13: Q4/12M-FY24 Operational Highlights
Q 4 / 1 2 M F Y 2 4 O P E R AT I O N A L H I G H L I G H T S • Standalone India business Q4 FY24 revenues increased YoY on account of higher take-off in Passenger Car Export Customers and Other Income. • However, full year standalone India business revenues remained similar to FY23. • Standalone Ind
Slide 14: New Business Wins: India and North America
NEW BUSINESS WINS: INDIA AND NORTH AMERICA New business won ~ ₹ 1,754 Mn annualized New business won ~ ₹ 695 Mn annualized Current Customer New Customer Current Customer New Customer FY 22-23 ₹ 1,081 Mn ₹ 673 Mn FY24 ₹ 301 Mn ₹ 494 Mn EV Business ICE Business Entry into Indian Passenger Car customer
Slide 15: Quarterly Consolidated Financial Performance
Q U A R T E R LY C O N S O L I D AT E D F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR MN) Q4-FY24 Q4-FY23 Y-O-Y Q3-FY24 Q-O-Q Operational Revenue 2,869 2,865 0.1% 2,729 5.1% Total Expenses 2,461 2,533 (2.8)% 2,322 6.0% EBITDA 408 332 22.9% 407 0.2% EBITDA Margin (%) 14.24% 11.59% 265 Bps
Slide 16: Quarterly Standalone Financial Performance
Q U A R T E R LY S TA N D A L O N E F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR MN) Q4-FY24 Q4-FY23 Y-O-Y Q3-FY24 Q-O-Q Operational Revenue 2,030 1,885 7.7% 1,936 4.9% Total Expenses 1,758 1,637 7.4% 1,648 6.7% EBITDA 272 248 9.7% 288 (5.6%) EBITDA Margin (%) 13.40% 13.16% 24 Bps 14.90%
Slide 17: FY2023-24 Consolidated Financial Performance
F Y 2 0 2 3 - 2 4 C O N S O L I D AT E D F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR MN) FY24 FY23 Y-O-Y Operational Revenue 11,069 11,692 (5.3)% Total Expenses 9,569 10,278 (6.9)% EBITDA 1,500 1,414 6.1% EBITDA Margin (%) 13.55% 12.09% 146 Bps Depreciation and amortisation 612 822 (25.
Slide 18: FY2023-24 Standalone Financial Performance
F Y 2 0 2 3 - 2 4 S TA N D A L O N E F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR MN) FY24 FY23 Y-O-Y Operational Revenue 7,800 7,818 (0.2)% Total Expenses 6,748 6,725 0.3% EBITDA 1,052 1093 (3.8)% EBITDA Margin (%) 13.49% 13.98% (49) Bps Depreciation and amortisation 316 316 0.0% Financ
Slide 19: Historical Consolidated Income Statement
H I S TO R I C A L C O N S O L I D AT E D I N C O M E S TAT E M E N T Particulars (INR Mn) FY21 FY22 FY23 FY24 Revenue from Operations 7,455 9,706 11,692 11,069 Expenses 6,556 8,889 10,278 9,569 EBITDA 899 817 1,414 1,500 EBITDA Margins (%) 12.06% 8.42% 12.09% 13.55% Depreciation and amortisation 43
Slide 20: Historical Standalone Income Statement
H I S TO R I C A L S TA N D A L O N E I N C O M E S TAT E M E N T PARTICULARS (INR MN) FY21 FY22 FY23 FY24 Revenue from Operations 5,224 6,446 7,818 7,800 Expenses 4,400 5,497 6,725 6,748 EBITDA 824 949 1,093 1052 EBITDA Margins (%) 15.77% 14.72% 13.98% 13.49% Depreciation and amortisation 252 304 3
Slide 21: Historical Consolidated Balance Sheet
H I S TO R I C A L C O N S O L I D AT E D B A L A N C E S H E E T PARTICULARS (INR MN) FY22 FY23 FY24 PARTICULARS (INR MN) FY22 FY23 FY24 NON-CURRENT ASSETS 5,924 5,390 4,925 EQUITY 3,308 3,545 4,662 a) Property, plant and equipment 3,871 3,853 3,417 b) Capital work-in-progress 382 132 37 Equity Sha
Slide 22: Historical Standalone Balance Sheet
H I S TO R I C A L S TA N D A L O N E B A L A N C E S H E E T PARTICULARS (INR MN) FY22 FY23 FY24 PARTICULARS (INR MN) FY22 FY23 FY24 NON-CURRENT ASSETS 4,266 4,089 4,016 EQUITY 3,493 3,976 4,431 a) Property, plant and equipment 1,935 1,840 1,791 Equity Share Capital 188 188 188 b) Capital work-in-p
Slide 23: Historical Consolidated Financial Highlights
H I S TO R I C A L C O N S O L I D AT E D F I N A N C I A L H I G H L I G H T S OPERATIONAL REVENUE (INR MN) EBITDA (INR MN) & EBITDA PAT (INR MN) & PAT MARGINS (%) MARGINS (%) 1,200 1,143 11,692 11,069 50.00% 1,000 9,706 45.00% 1,414 1,500 40.00% 800 7,455 35.00% 899 30.00% 600 817 25.00% 12.06% 12
Slide 24: Capital Market Information
C A P I TA L M A R K E T I N F O R M AT I O N 250% SHARE PRICE PERFORMANCE 200% 150% 100% 50% 0% -50% Apr-23 May-23 Jul-23 Aug-23 Sep-23 Nov-23 Jan-24 Feb-24 Mar-24 Sensex The Hi- Tech Gears Ltd MARKET DATA (INR) AS ON 31st March, 2024 SHAREHOLDING PATTERN AS ON 31ST MARCH, 2024 Face Value 10.0 CMP
Slide 25: Disclaimer
DISCLAIMER The Hi Tech Gears Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are
Slide 26: Thank You
THANK YOU