Cie Automotive India Ltd · NSE:CIEINDIA
Cie Automotive India — Q3 & 9M CY24 Earnings Presentation
33 slides from Cie Automotive India's earnings presentation, Oct 24, 2024
Slide 1: Exchange filing cover letter
SEC/2024/164 24th October, 2024 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Corporate Relationship Department, P. J. Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Mumbai - 400 001. Bandra Kurla Complex, Bandra (E), Mumbai –
Slide 2: Q3 & 9M CY24 Results Investor Update
Q3 & 9M CY24 RESULTS INVESTOR UPDATE OCTOBER 2024 1
Slide 3: Disclaimer
Disclaimer CIE Automotive India Limited, herein referred to as ‘CIE India’ 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 prospect
Slide 4: Index
INDEX 1. OVERVIEW 2. Q3 CY2024 RESULTS 3. 9M CY2024 RESULTS 4. MARKET UPDATE 5. SEBI RESULTS 3
Slide 5: 1. Overview
1. OVERVIEW 4
Slide 6: Legal structure as on September 2024
1. OVERVIEW LEGAL STRUCTURE AS ON 30 SEPTEMBER 2024 CIE through it’s subsidiaries 65.71% 100% 100% 100% 100% BF CIE CIE Galfor Precision Aluminium CIE Hosur S.A. Private Casting India Limited Limited* Limited 100% 100% 99.96% 99.99% 100% Bill Forge CIE UAB ClE LT CIE Legazpi Metalcastello de Mexico
Slide 7: 2. Q3 CY2024 Results
2. Q3 CY2024 RESULTS 6
Slide 8: Q3 CY2024 India Results
Q3 CY2024 INDIA RESULTS FINANCIAL UPDATE MARKET UPDATE JUL-SEP 2024 JUL-SEP 2024 ₹ million JUL-SEP 2024 JUL-SEP 2023 APR-JUN 2024 V/S JUL-SEP 2023 V/S APR-JUN 2024 Sales 14,707 +2% 14,393 14,463 <6T -0.2% 6.9% EBITDA 2,606 +8% 2,405 2,614 MHCV -10.8% -6.1% % EBITDA / Sales 17.7% 16.7% 18.1% Tractors
Slide 9: Q3 CY2024 Europe Results
Q3 CY2024 EUROPE RESULTS FINANCIAL UPDATE MARKET UPDATE JUL-SEP 2024 JUL-SEP 2024 ₹ million JUL-SEP 2024 JUL-SEP 2023 APR-JUN 2024 V/S JUL-SEP 2023 V/S APR-JUN 2024 Sales 5,899 -19% 7,262 7,604 <6T -6.9% -19.0% EBITDA 942 -25% 1,249 1,292 Source: IHS Global (Europe without Russia) % EBITDA / Sales 1
Slide 10: Q3 CY2024 Consolidated Results
Q3 CY2024 CONSOLIDATED RESULTS FINANCIAL UPDATE ₹ million JUL-SEP 2024 JUL-SEP 2023 APR-JUN 2024 Sales 20,606 -5% 21,655 22,068 EBITDA 3,548 -3% 3,654 3,907 % EBITDA / Sales 17.2% 16.9% 17.7% EBIT 2,750 -4% 2,871 3,070 % EBIT / Sales 13.3% 13.3% 13.9% EBT 2,600 +2% 2,559 2,865 % EBT / Sales 12.6% 11
Slide 11: 3. 9M CY2024 Results
3. 9M CY2024 RESULTS 10
Slide 12: 9M CY2024 India Results
9M CY2024 INDIA RESULTS FINANCIAL UPDATE MARKET UPDATE ₹ million JAN-SEP 2024 JAN-SEP 2023 JAN-SEP 2024 V/S JAN-SEP 2023 Sales 43,558 +5% 41,375 <6T 4.5% EBITDA 7,905 +14% 6,928 MHCV -5.8% % EBITDA / Sales 18.1% 16.7% Tractors -3.5% EBIT 6,234 +18% 5,303 % EBIT / Sales 14.3% 12.8% 2 Wheelers 19.0% E
Slide 13: 9M CY2024 Europe Results
9M CY2024 EUROPE RESULTS FINANCIAL UPDATE MARKET UPDATE ₹ million JAN-SEP 2024 JAN-SEP 2023 JAN-SEP 2024 V/S JAN-SEP 2023 Sales 22,445 -12% 25,486 <6T -5.0% EBITDA 3,669 -20% 4,592 Source: IHS Global (Europe without Russia) % EBITDA / Sales 16.3% 18.0% From Q2CY2024, we are presenting Europe market
Slide 14: 9M CY2024 Consolidated Results
9M CY2024 CONSOLIDATED RESULTS FINANCIAL UPDATE ₹ million JAN-SEP 2024 JAN-SEP 2023 Sales 66,003 -1% 66,861 EBITDA 11,574 0% 11,520 % EBITDA / Sales 17.5% 17.2% EBIT 9,076 0% 9,079 % EBIT / Sales 13.8% 13.6% EBT 8,504 +2% 8,306 % EBT / Sales 12.9% 12.4% PAT 6,425 -33% 9,562 % PAT / Sales 9.7% 14.3%
Slide 15: Other Details: Other operating revenue, other income and exchange rates
OTHER DETAILS OTHER OPERATING REVENUE, OTHER INCOME AND EXCHANGE RATES Q3 CY2024 9M CY2024 ₹ million INDIA EUROPE CONSOLIDATED INDIA EUROPE CONSOLIDATED OTHER OPERATING REVENUE 563 178 740 1,825 713 2,538 OTHER INCOME 225 17 243 975 86 1,061 EXCHANGE RATES PERIOD ₹/€ Average for Q3 CY2024 91.47 Aver
Slide 16: 4. Market Update
4. MARKET UPDATE 15
Slide 17: Market Production Numbers: India
MARKET PRODUCTION NUMBERS INDIA MARKET: KEY SEGMENTS UPDATE - QUARTERLY <6T Vehicles** MHCV Tractors Two Wheelers PERIOD Million Units Δ% Units Δ% Units Δ% Units Δ% 9M CY2024 4.34 4.5 284,831 -5.8 762,935 -3.5 17,644,216 19.0 Q3 CY2024 1.45 -0.2 86,078 -10.8 282,677 3.2 6,260,137 12.5 Q2 CY2024 1.36
Slide 18: Market Outlook - India
MARKET OUTLOOK- INDIA • Passenger Vehicles Light Vehicles (less than 6 Tons – European Classification) Short Term: IHS forecasts production growth at a 3.8% between CY2023- CY 2024 Long term: IHS forecasts production growth at a CAGR of 4.3% over a period of 2024-2029 • MHCVs: Short Term: IHS* forec
Slide 19: Market Production Numbers: Europe
MARKET PRODUCTION NUMBERS EUROPE MARKET: KEY SEGMENT UPDATE - QUARTERLY <6T Vehicles PERIOD Million Units Δ% 9M CY2024 11.84 -5.0 Q3 CY2024 3.36 -6.9 Q2 CY2024 4.16 -5.6 Q1 CY2024 4.32 -2.8 Source: IHS Global – Europe (w/o Russia) Δ % - means comparison of Quarter volumes of this calendar year with
Slide 20: Market Outlook - Europe
MARKET OUTLOOK - EUROPE • EU(w/o Russia) – Light Vehicles: ‒ IHS Global has forecasted that the Light Vehicle production will increase in CY24 by -6.5% as compared to CY23 ‒ and will grow at CAGR of 1.5% between CY24 to CY29 19
Slide 21: 5. SEBI Format
5. SEBI FORMAT 20
Slide 22: CIE India Standalone - Statement of Profit & Loss
CIE INDIA STANDALAONE - STATEMENT OF Rs. in Million PROFIT & LOSS Standalone Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 2024 30 September, 30 September, 30 September, 31 December, 2024 2023 2024 2023 2023 Un Audited Un Audited Un Audited Un Audited Un Audited Audit
Slide 23: CIE India Standalone - Statement of Profit & Loss (Cont'd)
Rs. in Million CIE INDIA STANDALAONE - STATEMENT OF PROFIT & LOSS (CONT’D) Standalone Quarter Ended Nine M onths Ended Year Ended Particulars 30 September, 30 June, 2024 30 September, 30 September, 30 September, 31 December, 2024 2023 2024 2023 2023 Un Audited Un Audited Un Audited Un Audited Un Aud
Slide 24: Notes to Accounts - Standalone
NOTES TO ACCOUNTS - STANDALONE 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 recognized accounting practices and policies to the extent applicable. 2 The a
Slide 25: CIE India Consolidated - Statement of Profit & Loss
CIE INDIA CONSOLIDATED - STATEMENT OF Rs. in Million PROFIT & LOSS Consolidated Quarter Ended Nine M onths Ended Year Ended Particulars 30 September, 30 June, 30 September, 30 September, 30 September, 31 December, Sr. No 2024 2024 2023 2024 2023 2023 Unaudited Unaudited Unaudited Unaudited Unaudited
Slide 26: CIE India Consolidated - Statement of Profit & Loss (Cont'd)
CIE INDIA CONSOLIDATED - STATEMENT OF PROFIT & LOSS (CONT’D) Rs. in Million Consolidated Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 30 September, 30 September, 30 September, 31 December, Sr. No 2024 2024 2023 2024 2023 2023 Unaudited Unaudited Unaudited Unaudited U
Slide 27: CIE India Consolidated - Statement of Profit & Loss (Cont'd)
Rs. in Million CIE INDIA CONSOLIDATED - STATEMENT OF PROFIT & LOSS (CONT’D) Consolidated Quarter Ended Nine M onths Ended Year Ended Particulars 30 September, 30 June, 30 September, 30 September, 30 September, 31 December, Sr. No 2024 2024 2023 2024 2023 2023 Unaudited Unaudited Unaudited Unaudited
Slide 28: CIE India Consolidated - Segment Result
Rs. in Million RESULT CIE INDIA CONSOLIDATED – SEGMENT Consolidated Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 30 September, 30 September, 30 September, 31 December, 2024 2024 2023 2024 2023 2023 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Segment R
Slide 29: CIE India Consolidated - Segment Assets and Liabilities
CIE INDIA CONSOLIDATED – SEGMENT ASSETS AND LIABILITIES Rs. in Million Consolidated Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 30 September, 30 September, 30 September, 31 December, 2024 2024 2023 2024 2023 2023 Unaudited Unaudited Unaudited Unaudited Unaudited Aud
Slide 30: Notes to Accounts - Consolidated
1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the NOTES TO ACCOUNTS - CONSOLIDATED Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2 In Septemb
Slide 31: Notes to Accounts - Consolidated (Cont'd)
Brief details of the disc ontinuing operations are as given under:- CONT’D … NOTES TO ACCOUNTS – CONSOLIDATED Quarter Ended Nine months ended Rs. in M illion Year ended Partic ulars 30 September, 30 June, 30 September, 30 September, 30 September, 31 Dec ember, 2024 2024 2023 2024 2023 2023 Unaudited
Slide 32: Notes Cont'd: List of entities
S. No. Name of the entity Relationship % of Holding Country of NOTES CONT’D … 30 September, Incorporation 2024 1 Stokes Group Limited (liquidated on September 05, 2023) Subsidiary of CIE-India - UK 2 BF Precision Private Limited Subsidiary of CIE-India 100% India 3 Bill Forge de M exico S de RL de C
Slide 33: Thank You
CIE India THANK YOU
CIE Automotive India — Q3 & 9M CY24 Earnings Presentation on 6ix