Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — FY2025 Earnings Presentation
40 slides from Samvardhana Motherson International's earnings presentation, May 29, 2025
Slide 1: Cover letter: audited results and final dividend
Samvardhana Motherson International Limited Head Office: C-14 A & B, Sector 1, Noida – 201301 Distt. Gautam Budh Nagar, U.P. India Tel: +91-120-6752100, 6752278, Fax: +91-120-2521866, 2521966, Website www.motherson.com May 29, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza,
Slide 2: Cover letter continued
2. Auditors’ Reports on the Standalone and Consolidated Financial Results for the quarter and financial year ended on March 31, 2025; 3. Presentation on performance of the Company for the quarter and financial year ended on March 31, 2025; and 4. Copy of the Press Release issued by the Company. Purs
Slide 3: Presentation of results 12M FY 2024-25
Samvardhana Motherson International Limited. Presentation of results 12M FY 2024-25
Slide 4: One of our best performances ever in a challenging production environment
Key Highlights 01/03. One of our best performances ever in a challenging production environment. Financial Highlights 12MFY25 vs 12MFY24. Q4FY25 vs Q4FY24. Revenue1 Revenue1 Well diversified Rs 113,663 crores Rs 29,317 crores business model enables resilience EBITDA EBITDA and sustainable growth eve
Slide 5: Strong platform delivering all-around growth
Key Highlights 02/03. Strong platform delivering all-around growth. Outpacing the industry 17.2% ROCE Net Debt to EBITDA 0.9x, Capex for the year at by ~15%, supported by at a consolidated level Rs 4,433 crores content growth and Comfortable leverage position, Improvements in ROCE despite M&As worki
Slide 6: Delivering outstanding performance consistently
Key Highlights 03/03. Delivering outstanding performance consistently. (all figures are Rs. in Crores) Revenues1 EBITDA PAT (Concern Share) CAGR 19% CAGR 21% CAGR 68% 113,663 3,803 98,692 11 5,000 4, 000 11 3,000 11 1,000 10 9,000 10,877 10 7,000 10 5,000 10 3,000 10 1,000 99 ,000 97 ,000 78,788 9,3
Slide 7: Industry headwinds, intensified by trade dynamics
Industry headwinds, intensified by trade dynamics. Resulting in a challenging production outlook. 5
Slide 8: Most macro indicators remained largely stable, although uncertainty due to trade dynamics
Most macro indicators remained largely stable, although uncertainty due to trade dynamics. EU, USA & India Inflation1 EU, USA & India Interest rates1 Energy prices for Germany EU USA IND (in %) (in %) (in Euro /MWh2) 8.0 400 145 6.2 6.3% 6.3% 350 6.5% 125 5.0 300 April 2025 4.4% 5.4% 4.5% 250 105 5.
Slide 9: Muted global production due to geopolitical issues and trade dynamics
Muted global production due to geopolitical issues, evolving platform mix and trade dynamics; growth in India & China offset by degrowth in developed markets. Data represents automotive production volumes on 12M basis FY25 vs FY24 Global. Europe. North America. Commercial Commercial Light Vehicles L
Slide 10: Automotive mega trends providing favorable tailwinds supporting content growth
Automotive mega providing favorable tailwinds supporting content growth. EV Hybrid Europe North America 34.7% 17.1% 15.9% 29.0% 26.3% 13.3% Power Train Mix Continues to Evolve 8.1% with Hybrids growing 7.2% 10.3% 10.7% 12.4% 6.3% at a faster rate FY23 FY24 FY25 FY23 FY24 FY25 India China Trends of 3
Slide 11: SAMIL has delivered a robust performance
SAMIL has delivered a robust performance. Against all macro challenges and a volatile automotive production environment. 9
Slide 12: Best ever yearly revenues with improving profitability
Best ever yearly revenues with improving profitability. (all figures are Rs. in Crores) Consolidated Financial Performance 12MFY25 vs 12MFY24 Revenue1 EBITDA PAT (Concern Share) Growth 15% Growth 17% Growth 40% 113,663 13 0,000 12 8,000 12 6,000 12 4,000 12 2,000 12 0,000 11 8,000 11 6,000 11 4,000
Slide 13: Controlled Capex spend aligned with evolving production environment
Controlled Capex spend aligned with evolving production environment. (all figures are Rs. in Crores) Capex Capex spend well within the 49% reduced 7,000 43% 50% guidance for the 41% year 39% 45% 6,000 34% 40% 4,433 5,000 35% 4,000 4,010 30% 25% 3,000 2,391 2,183 Growth capex 1,932 20% 2,000 15% spec
Slide 14: Whilst making strategic investments in emerging markets across industries
Whilst making strategic Investments in Emerging markets across industries. 14 Greenfields at various stages of completion Three Greenfields Operationalised Business Division No Expected SOP during Quarter 4 Wiring Harness 02 Q1FY26 / Q1FY27 • Integrated Assemblies (02) India Lighting and Electronics
Slide 15: Utilising core engineering strengths to drive future growth
…utilising core engineering strengths to drive future growth. New solutions for New solutions for the automotive industry Non-automotive industries Greenfield in India Capex Greenfield in India for guidance for manufacturing the Printed Circuit Board Assembly and assembly of for FY 26 is components
Slide 16: Deleveraging remains a work in progress
Deleveraging remains a work in progress. (all figures are Rs. in Crores) Inflated working capital due to higher inventory & receivables, due to pre-buying and build-up of safety stock in anticipation of evolving trade dynamics Year end working capital Trading Working Capital Impact inflated by ~2,00
Slide 17: Continued focus on deleveraging and maintaining financial discipline
Continued focus on deleveraging and (all figures are Rs. in Crores) maintaining financial discipline. Financial Leverage Ratio1,2 Policy 2.5x 2. 5 35,00 0 1.9 2. 0 30,00 0 1.4 1.4 25,00 0 1.2 1. 5 Sustaining 20,00 0 0.9 financial 15,00 0 1. 0 discipline and 10,00 0 robust balance 12,943 0. 5 sheet s
Slide 18: With continuous improvement in ROCE
With continuous improvement in ROCE. Reported ROCE 17.7% 24. 0% on a normalised basis 22. 0% 1 17.2% 20. 0% 18. 0% Improvements despite a 16. 0% 16.9% challenging production 14. 0% 1 environment and growth capex Multiple Greenfields 12. 0% were set up across 10. 0% 6.2% 10.8% 8. 0% geographies for a
Slide 19: SAMIL as a growth platform, navigating through uncertainties
SAMIL as a growth platform, navigating through uncertainties. Supported by resilient and diversified business model 17
Slide 20: Evolving trade dynamics
Trade barriers redefining the automotive supply chain. Evolving Near-term pain Trade creating uncertainty and softening in the Dynamics automotive production environment Reciprocal Realignment and Model Mix changes Tariffs configuration of and uncertainty in Automotive Supply component sourcing Unce
Slide 21: Power of diversification and customer support
Power of diversification and customer support : Shield against global volatilities and uncertainties. SAMIL adapting to the dynamic business landscape and creating new opportunities Mitigating Actions Customer Support Proactive Measures for new opportunities Evolving Trade • A dedicated task force t
Slide 22: Consistently improving diversification across all 3 Cs
Consistently improving diversification across all 3 Cs (3CX10). Component wise. Customer wise. Country wise. (top 20 customers) Volkswagen 9% Wiring Harness 25% India 20% Mercedes Benz 7% Vision Systems 15% Aud i 7% USA 19% BMW 6% Bumpers* 11% Germany 17% Maruti Suz uki 5% Integrated Honda Cars 5% 8
Slide 23: Increasing content growth and higher cross-selling in automotive
…with increasing content growth and higher cross-selling in automotive (1/3). Expansion of New Capability customer base Technologies aggregation Solutions for dynamic needs of Motherson Yachiyo is securing Strengthening of CMS (Camera Bundling divisional capabilities to customers new business with a
Slide 24: Fast-tracked growth of Aerospace
Fast-tracked growth of Aerospace (2/3). Building USD 1.3 BN Footprints across Capabilities Sizeable Booked Business to be realized over next ~5 years near-shore and best across the cost countries value chain Revenue In Crores ~5x 04 17 Growth countries facilities 1,749 Materials Aerostructures Syste
Slide 25: Rapid ramp-up of Consumer Electronics business
Rapid Ramp-up of Consumer Electronics Business (3/3). Leveraging Engineering and Manufacturing Plant 3 Capabilities to Motherson’s support customers ［8 ［ 14 ［ 13 ［ 12 ］ ［ 11 ］ ［ 10 ］ ［9 ］ ］ largest plant yet G ］ 2.74 Greenfield (~140,000 Sqm) ］ 4.43 2.60 in new industries 4.67 ［ 22 o 4.50 v 7 Ac 4.5
Slide 26: Well-diversified book of business across product categories and industries
Well-diversified book of business across product categories and industries. 24% of Automotive Improved booked booked business aided by business is from EVs. diversified business model 88.1 billion USD (as on 31st March 2025) Includes A strong testament Revenue visibility of to our value $ 2.7 bn fro
Slide 27: Gross Revenues
Gross Revenues. (all figures are Rs. in Crores) FY2023-24 FY 2024-25 25.7 Gross revenue 143,767 178,999 billion USD Less: Throughput revenue1 31,779 50,054 FY25 Economic Revenues 111,988 128,945 (including JVs) Less: JVs consolidated as per equity method 13,296 15,282 Reported/ Net Revenue 98,692 11
Slide 28: Copyright notice
© Motherson Group All rights reserved by Motherson and/or its affiliated companies. Any commercial use hereof, especially any transfer and/or copying hereof, is prohibited without the prior written consent of Motherson and/or its affiliated companies. In case of transfer of information containing kn
Slide 29: Annexures
Annexures. 27
Slide 30: SAMIL Consolidated 12MFY25 vs 12MFY24
SAMIL Consolidated 12MFY25 vs 12MFY24. (all figures are Rs. in Crores) Revenues1 12 5,000 113,663 EBITDA 12 ,000 10,877 12 0,000 11 5,000 98,692 11 0,000 10 5,000 10 0,000 95 ,000 90 ,000 178 5 85 ,000 9,325 80 ,000 10 ,000 75 ,000 70 ,000 10,699 65 ,000 60 ,000 55 ,000 50 ,000 197 2 9,128 45 ,000 4
Slide 31: SAMIL Consolidated Q4FY25 vs Q4FY24
SAMIL Consolidated Q4FY25 vs Q4FY24. (all figures are Rs. in Crores) Revenues1 EBITDA 2,999 29,317 3, 000 2,675 30 ,000 27,058 2662 25 ,000 20 ,000 2,733 2,675 15 ,000 10 ,000 1, 000 Q4 FY24 Q4 FY25 Q4 FY24 Q4 FY25 PBT PAT (before exceptional items and share of associates) (Concern Share) 1,480 2233
Slide 32: Divisional Performance
Divisional Performance. 30
Slide 33: Business divisions delivering solutions to our customers
Business divisions delivering solutions to our customers. 01 02 03 04 05 Wiring Harness Vision Systems Modules & Polymer Integrated Emerging Products Assemblies Businesses 04 05 06 08 09 10 11 12 Elastomers Lighting & Precision Technology & Aerospace Logistics Health & Services Electronics Metals &
Slide 34: Business Division Wise Financial Performance: 12MFY25 vs 12MFY24
Business Division Wise Financial Performance1 : 12MFY25 vs 12MFY24. (all figures are Rs. in Crores) Wiring Modules and Vision Integrated Emerging Harness. Polymer Products. Systems. Assemblies. Businesses. Revenues Revenues Revenues Revenues Revenues 59,806 49,912 32,861 19,149 19,506 31,514 41,00 0
Slide 35: Business Division Wise Financial Performance: Q4FY25 vs Q4FY24
Business Division Wise Financial Performance1 : Q4FY25 vs Q4FY24. (all figures are Rs. in Crores) Wiring Modules and Vision Integrated Emerging Harness. Polymer Products. Systems. Assemblies. Businesses. Revenues Revenues Revenues Revenues Revenues 15,359 13,689 8,168 8,594 6,000 5,500 5,038 4,972 5
Slide 36: Financial Performance: Business Divisions under Emerging businesses
Financial Performance : Business Divisions under Emerging businesses. (all figures are Rs. in Crores) Revenue by Segment FY25 FY 2024 FY 2025 Emerging Business Automotive Division (FY25) Revenue1,2 EBITDA Revenue1,2 EBITDA 8,232 Automotive • Lighting and Electronics 3,427 579 4,078 698 Rs. 11,418 Cr
Slide 37: Summary of divisional financial performance
Summary of divisional financial performance. (all figures are Rs. in Crores) Q4FY24 Q4FY25 FY24 FY25 Business Division EBITDA EBITDA Revenue EBITDA EBITDA% Revenue EBITDA EBITDA% Revenue EBITDA Revenue EBITDA % % Wiring Harness 8,168 907 11.1% 8,594 1,067 12.4% 31,514 3,362 10.7% 32,861 3,873 11.8%
Slide 38: Consolidated Debt Status, Reference Rates, and Notes
Consolidated Debt Status, Reference Rates, and Notes. (all figures are Rs. in Crores) Copper Rates. A. Net Debt including Lease liabilities. Average Q4 FY24 Q3 FY25 Q4 FY25 Rs. In Dec-22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Crores LME Copper (USD / MT ) 8,444 9,178 9,346 Gr
Slide 39: Robust Balance Sheet with Comfortable Debt Maturities and Strong Liquidity
Robust Balance Sheet with Comfortable Debt Maturities and Strong Liquidity. Gross Debt - INR 13,100 crore (~USD 1.5 Bn) Liquidity ~INR 9,300 crore (~USD 1.1 Bn) (INR crore, as of 31st Mar’ 2025) (INR crore, as of 31st Mar 2025) Short Term Debt Commited Including RCF Roll Undrawn Over facilities Faci
Slide 40: Copyright notice
© Motherson Group All rights reserved by Motherson and/or its affiliated companies. Any commercial use hereof, especially any transfer and/or copying hereof, is prohibited without the prior written consent of Motherson and/or its affiliated companies. In case of transfer of information containing kn
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