Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Investor Presentation (October 2018)
28 slides from Ppap Automotive's investor presentation, October 2018
Slide 1: PPAP Automotive Limited Investor Presentation
Investor Presentation October 2018 PPAP Automotive Limited TAKING CHALLENGES, TOGETHER
Slide 2: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS ………. ………. Revenue from Operations 97.46 99.69 118.64 5.31 • Revenue from operations increased by 21.7% and Part Sales increased by 12.4% - - 5.17 1.21 3.66 • Total revenue grew on account of increase in volume, GST subsidy • 21% of part revenue from new vehicle launche
Slide 3: Our Evolution
OUR ………. EVOLUTION ………. Our Mission “TO BE A GLOBAL COMPANY WITH AN INSPIRING WORK CULTURE FOR SERVING CUSTOMERS AND THE SOCIETY BY EXCEEDING THE EXPECTATIONS OF ALL ITS STAKEHOLDERS” Certification of ISO 50001 Establsihed owned Plant – Incorporation of Technological tie up with Tokai Certification
Slide 4: Who We Are
WHO ………. WE ARE ………. • Over 30 years of experience in Automotive Industry Rich Legacy • Identified as India’s leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts • Integrated operations from Print to Build Market Leadership • One stop shop for full range of Auto
Slide 5: Key Management
KEY ………. MANAGEMENT ………. Mr. Ajay Kumar Jain, Chairman & Managing Director Bachelor of Commerce from Shri Ram College of Commerce, Delhi University Associated with the Company since inception with experience of over 40 years in polymer processing industry and over 30 years in the automotive industry
Slide 6: Technology Partners
TECHNOLOGY ………. PARTNERS ………. NISSEN CHEMITEC CORPORATION, JAPAN TOKAI KOGYO CO. LTD, JAPAN Established: 1947 Established: 1951 Global Presence: USA, Thailand, Indonesia, China, Global Presence: USA, Thailand, Indonesia, Mexico, Vietnam Singapore AUTOMOTIVE EXTERIOR & SEALING PRODUCTS AUTOMOTIVE INT
Slide 7: Core Strengths
CORE ………. STRENGTHS ………. Leadership Position Strong Customer Base Strong R&D Facilities India’s leading manufacturer Leading OEM manufacturers in of Automotive Sealing Systems Capability from Design to Print Indian Market are customers State-of-the-art Access to Global Technology Healthy Financials
Slide 8: Strategic Growth Levers
STRATEGIC ………. GROWTH LEVERS ………. •Improve OEE (Overall Equipment Efficiency) Optimum utilization of Assets •International benchmarking •Our mantra “Every Paisa Counts” •Focus on cost optimization & operating leverage Continuous Improvement Levers of Optimization of sustainable of Operational Invest
Slide 9: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. ROOF MOULDING GLASS RUN CHANNEL INNER BELT BACK DOOR / TRUNK MOULDING WINDSHIELD SEAL - PRODUCTS MADE BY PTI (JV) TRIM DOOR OPENING - PRODUCTS MADE BY PTI (JV) AIR SPOILER OUTER BELT BLACK / BRIGHT DOOR OPENING SEAL - PRODUCTS MADE BY PT
Slide 10: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. UNDER HOOD PRODUCTS FR-PILLAR CTR-PILLAR RR -PILLAR PARTITION REAR TRAY LINING RR PANEL SIDE PROTECTORS TRUNK LINING IN CABIN PRODUCTS FENDER INNER DOOR LINING SPLASH GUARD 9
Slide 11: Pan India Presence
PAN ………. INDIA PRESENCE ………. 7 Plants 4 Locations 2 JV Plants EXTRUSION FACILITIES Noida, Uttar Pradesh (Plant I & II) Vallam Vadagal, Tamil Nadu (Plant V) 3 1 Viramgam, Gujarat 1 (Plant VII, upcoming) INJECTION FACILITIES Surajpur, Uttar Pradesh 1 2 (Plant III) Pathredi, Rajasthan (Plant IV) Viramg
Slide 12: Customer Base & Export Countries
CUSTOMER ………. BASE & EXPORT COUNTRIES ………. CKD EXPORTS JAPAN USA Brazil Mexico Venezuela Thailand United Kingdom South Africa Argentina 11
Slide 13: Customer Base: Our Presence in New Models
CUSTOMER ………. BASE OUR PRESENCE IN NEW MODELS ………. CUSTOMER CONTRIBUTION OTHERS, 5% TATAs, 3% Honda New Amaze TKML, 6% NISSAN, 7% MSIL, 48% Toyota Yaris Maruti New Swift HCIL, 31% 12
Slide 14: Competitive Edge – State of the Art Manufacturing Facility
COMPETITIVE ………. EDGE – STATE OF THE ART MANUFACTURING FACILITY ………. Plastic Rubber Injection PPAP’s Engineering Expertise Extrusion Extrusion Molding EPDM & TPV MATERIAL PP / ABS / POM PVC / TPO / PP MATERIAL 1 Location: 3 Locations: 3 Locations; 11 Extrusion Lines 2 EPDM extrusion lines,1 TPV 42 M
Slide 15: Plastic Extrusion Plant, Injection Molding Plant
CONTD…… ………. ………. Plastic Extrusion Plant Injection Molding Plant 14
Slide 16: Customer Appreciation - Accolades
CUSTOMER ………. APPRECIATION - ACCOLADES ………. ACCOLADES FOR 2018 EXCELLENCE IN AUTOMOTIVE - ECONOMIC TIMES POLYMERS AWARDS 2018 ZERO PPM AWARD FROM TOYOTA KIRLOSKAR OVERALL PERFORMANCE AWARD FROM MSIL SUPPLIER OF THE YEAR 2017 – GOLD AWARD BY TOYOTA KIRLOSKAR ACHIEVING QUALITY TARGET AWARD FROM TOYOTA
Slide 17: Summary
SUMMARY ………. ………. 140.00 120.00 22.5% 21.6% 21.3% 100.00 19.9% 20.4% 19.1% 17.6% • Revenue from Operations registered a growth 80.00 of 21.7% from ₹ 97.46 cr in Q2FY18 to ₹ 15.6% 118.64 cr in Q2FY19 ₹ Cr. 15.0% 15.1% 13.7% 60.00 12.5% • PAT stood at ₹ 11.57 cr 11.0% 9.1% 9.5% 9.8% 40.00 8.9% 7.2% 20
Slide 18: Major Expense (₹ Cr.)
MAJOR ………. EXPENSE (₹ Cr.) ………. Materials Employee Benefits 53.5% 51.9% 17.4% 17.4% 48.7% 48.5% 49.7% 17.0% 48.1% 16.1% 15.6% 14.1% 40.01 47.32 43.42 68.28 49.54 61.52 14.26 15.66 15.37 17.94 17.33 18.56 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Value % to R
Slide 19: Interest & Earnings (₹ Cr.)
INTEREST ………. & EARNINGS (₹ Cr.) ………. INTEREST EBITDA 22.5% 21.6% 21.3% 19.9% 20.4% 19.1% 1.5% 1.2% 1.2% 1.0% 1.1% 0.8% 15.71 21.01 19.26 28.68 19.88 24.15 1.23 1.14 1.07 0.99 1.05 1.31 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Value % to Revenue Value % to
Slide 20: EPS, Book Value, Market Capitalization (BSE)
EPS, BOOK VALUE, MARKET CAPITALIZATION (BSE) ………. ………. EPS 10.06 Net Worth 204.20 8.26 198.97 192.65 6.58 6.32 181.46 5.84 177.96 170.11 4.23 19.10 21.71 22.80 26.72 28.81 30.49 238.15 249.15 254.05 269.71 278.56 285.89 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2F
Slide 21: Key Ratios
KEY ………. RATIOS ………. Net Worth Working Capital 53.13 29.9% 45.48 42.67 42.76 39.78 37.65 21.4% 20.9% 22.0% 18.8% 17.4% 16.2% 14.4% 14.8% 12.9% 12.7% 10.0% 33.87 45.58 44.97 55.64 58.05 49.91 238.15 249.15 254.05 269.71 278.56 285.89 Q1FY18 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q1FY18 Q2FY18 Q3FY18 Q4FY
Slide 22: Half Year Summary
HALF ………. YEAR SUMMARY ………. Revenue from Operations (₹ Cr.) 210.00 12.00 190.00 20.5% 20.2% 5.31 170.00 10.00 8.83 0.68 150.00 14.2% 14.5% 6.54 8.00 130.00 110.00 6.00 9.4% 8.4% 90.00 4.00 70.00 204.19 172.34 2.00 50.00 179.55 218.34 10.81 14.58 30.00 - FY 2018 6M FY 2019 6M FY 2018 6M FY 2019 6M 6M
Slide 23: Financial Performance Snapshot (FY 2015 – FY 2018)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY 2015 – FY 2018) (₹ Cs.) ………. Revenue from operations EBITDA 318.50 302.75 345.01 397.62 21.35% 19.31% 2.65 17.20% 39.86 2.33 4.16 0.15 30.44 12.67% 35.12 7.81 283.23 292.61 310.41 355.12 40.36 52.06 66.61 84.88 FY 2015 FY 2016 FY 2017 FY 2018 FY 2015 FY 2016 F
Slide 24: Financial Performance Snapshot (FY2015 – FY2018)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY2015 – FY2018) (₹ Cr.) ………. Fixed Assets (Gross Block) Working Capital 195.53 224.27 272.12 65.48 11.83 50.19 51.07 10.48 47.81 3.18 0.45 8.50 7.68 187.40 212.59 249.81 41.72 54.31 47.44 55.64 FY 2016 FY 2017 FY 2018 FY 2015 FY 2016 FY 2017 FY 2018 Tangilbe Ass
Slide 25: Consolidated Financial Snapshot (FY 2016 – FY 2018)
CONSOLIDATED ………. FINANCIAL SNAPSHOT (FY 2016 – FY 2018) (₹ Cr.) ………. PAT Earning Per Share (Rs.) 9.89% 8.10% 28.08 19.97 4.40% 10.02 4.50 14.02 27.96 39.31 2.00 3.00 FY 2016 FY 2017 FY 2018 FY 2016 FY 2017 FY 2018 PAT Margin EPS Dividend Market Capitalization (BSE) 735.07 721.00 321.40 218.40 235.6
Slide 26: Shareholding Pattern as of September 2018
SHAREHOLDING PATTERN AS OF 30 TH SEPTEMBER 2018 ………. ………. 1.14% 2.43% Promoter 1.61% 8.71% Individual 22.08% Bodies Corporation 64.03% Foreign Corporation Foreign Portfolio Investor (Corporate) Others MARKET CAPITALIZATION (BSE) ₹ 554.40 Cr. 25
Slide 27: Safe Harbor
SAFE ………. HARBOR ………. Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially f
Slide 28: Thank You
For further information please contact: Mr Manish Dhariwal PPAP Automotive Limited Ph: +91 120 2462552 / 53 Email: manish.dhariwal@ppapco.com Ms. Priya Kansara / Mr. Pratik Patil THANK YOU Concept Investor Relations Mob: +91 9819479260 / 8291510324 Email: priya@conceptpr.com / pratik@conceptpr.com
PPAP Automotive — Investor Presentation (October 2018) on 6ix