3m India Limited · NSE:3MINDIA
3m India — Trinity India 2024 Annual Investor Conference
16 slides from 3m India's conference presentation, May 31, 2024
Slide 1: Letter to stock exchanges: Meeting with Analyst/Institutional Investors
3M India Limited WeWork Prestige Central 3rd Floor, 36 Infantry Road Bengaluru 560001, India Tel: +91 80 22231414 www.3M.com/in May 31, 2024 The Corporate Relationship Department Bombay Stock Exchange Limited, 1st Floor, New Trading Ring, Rotunda Building P.J. Towers, Dalal Street, Fort Mumbai - 400
Slide 2: Deliver a Brighter Future - 3M India
Deliver a Brighter Future 3M India Ramesh Ramadurai 31st May 2024 31©May 3M 2024. All Rights Reserved. 3M Confidential. 1
Slide 3: Safe Harbor Statement
Safe Harbor Statement This presentation by 3M India Limited (the “Company”) is solely for general information purposes only and may not be taken away, distributed, reproduced, or passed on, directly or indirectly, to any other person or published in whole or in part, in any manner. This presentation
Slide 4: FY 2023-24 Results Summary (consolidated)
FY 2023-24 Results Summary (consolidated) ▪ Sales 4189 cr., +5.8% vs. PY. ▪ EBITDA 837 cr., at 19.6% (+ 24.5% vs. PY). ▪ PAT 583 cr., at 13.7% (+29.4% vs. PY). ▪ Margin expansion driven by 230bps reduction in material cost. ▪ Cash generation: 663 cr. (pre-dividend), 114% of PAT. ▪ EPS (consolidated)
Slide 5: Serving our customers through four Business Groups
Serving our customers through four Business Groups (FY 2023-24 consol sales in INR shown at bottom of slide with sales mix% & growth over prior year) Safety & Industrial Transportation & Electronics Health Care Consumer 1333 cr. 1649 cr. 761 cr. 428 cr. 32% mix 39% mix 18% mix 10% mix + 2.5% growth
Slide 6: Customer Recognition
Customer Recognition 3M's Electrical Market Division in India has been recognized by Tata Power-DDL for its significant contribution as a trusted supplier of cable accessories during FY-2023-24. This award was received under the sustainability category.
Slide 7: Customer Recognition
Customer Recognition AASD Team received “Overall supply, cost, AASD Team received “Special recognition development, delivery, quality, best supplier award” from Tenneco as good overall award” from Asahi Glass support. 31©May 3M 2024. All Rights Reserved. 3M Confidential. 6
Slide 8: Customer Recognition Championing Diversity
Customer Recognition Championing Diversity Electronics City Plant received zero defect 3M India Legal team received the In-House Diversity award (2023-24) from Suzuki Motors Gujarat Champion award for 2024 from Legal 500. This is in recognition of legal team’s continuous support in promoting company
Slide 9: India Macrotrends & Linkage to 3M's Opportunities
India Macrotrends & Linkage to 3M’s Opportunities Infrastructure Development Urbanization • Urban population to increase by • Focus area of govt. investment ~600Mn by 2030 • Sector has been allocated ~3.3% of GDP • Commercial office spaces are ($130 billion) growing at ~35% (‘24 v/s ‘23) • Roads, Ra
Slide 10: Attractive Short & Medium-Term opportunity segments
Attractive Short & Medium-Term opportunity segments Trends that will provide Sectors contributing to Current Plan additional growth momentum Consumer Climate Tech Electronics Automotive Transportation Consumer Data Centers & Manufacturing (incl. Electrification) Infrastructure Retail Semiconductor E
Slide 11: Automotive
Automotive Production Data (source: SIAM) • Acoustics: Differentiated “for India” new products & total solution offering. • Local mfg. advantage as emissions regulations evolve. • Localization of films. • EV evolution.
Slide 12: Granular Growth Opportunities across Business Segments
Granular Growth Opportunities across Business Segments Urbanization Sustainability Infrastructure PLI/Make in India Automotive Infrastructure Penetration Corporate Identity programs Highways & Urban Roads Penetration Architectural Markets Cleaning & Workplace Safety Industrial Tapes & Abrasives cate
Slide 13: Ranjangaon Plant & Bangalore R&D Center
Ranjangaon Plant & Bangalore R&D Center Ranjangaon Plant, Pune, India R&D Center, Bangalore, India 23 acres >2500 customer interactions, >24K unique customers in 2023 (excludes virtual tours) 31©May 3M 2024. All Rights Reserved. 3M Confidential. 12
Slide 14: Innovating for a cleaner world
Innovating for a cleaner world Built Energy Auto Carbon Hydrogen Environment Electrification Capture Economy 31©May 3M 2024. All Rights Reserved. 3M Confidential. 13
Slide 15: Emerging trends provide tailwinds over the medium term
Emerging trends provide tailwinds over the medium term • Gradual premiumization in models sold (rising ASP per unit). Consumer • Localization & increased local value addition over next 2-3 years by ODMs/tiers. Electronics • Increase non-fossil-based electricity generation capacity to 500GW by 2030.
Slide 16: Closing Comments
Closing Comments • Welcomed Bill Brown as new 3M global CEO effective May 1st. • 3M India Board of Directors: • Our gratitude and appreciation to Biren Gabhawala as he completes his term August 13th. • Welcome N.V. Sivakumar as Additional Director to the Board effective July 15th. • Continued suppor
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