Slide 1: Investor Presentation Q2FY22
Investor Presentation Q2FY22 November 11, 2021 Transforming The Present, Reimagining The Future
Slide 2: Safe Harbor
2/37 SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Minda Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
Slide 3: Table of Content
3/37 TABLE OF CONTENT • Industry Landscape • Key Operational Highlights • EV products update • Financial Highlights • Strategic Business Update • ESG-Sustainability • Annexures
Slide 4: Auto Component PLI Scheme: Towards an Atmanirbhar Bharat
4/37 AUTO COMPONENT PLI SCHEME: TOWARDS AN ATMANIRBHAR BHARAT • Minimum Investment of Rs 250 Crores over 5 years • The minimum determined sales value of Rs. 25 Crores in first year with YoY growth of minimum 10% • Advanced Automotive Technology Component, list is yet to be notified • Incentive from
Slide 5: Semi-Conductor (Chip) Shortage
5/37 SEMI-CONDUCTOR (CHIP) SHORTAGE 1. What caused the shortage ? 3. Things seems to be improving... • Surge in Electronic Devices especially during Covid-19 • Covid-19 led supply chain disruption eases • Covid-19 related supply chain disruptions • Moderation of demand of electronic devices surged d
Slide 6: Key Operational Highlights for the Quarter
6/37 KEY 0PERATIONAL HIGHLIGHTS FOR THE QUARTER Almost all employees i.e. 96% have been fully vaccinated We are GREAT PLACE TO WORK-CERTIFIED Building and Sustaining High-Trust, Won first ever LED Multifaceted Reflector (MFR) Head High-Performance Culture lamp order from Japanese OEM for PV. Added t
Slide 7: End to End System Solution to Electrify Your Vehicle
© ELECTRIFIED End to End System Solution to Electrify Your Vehicle i
Slide 8: Our Targeted EV Product Portfolio (2W & 3W)
OUR TARGETED EV PRODUCT PORTFOLIO (2W & 3 W) 8/37 Low Voltage EV Products (48V to 72V) Smart Plug Under Production On-Board Charger New Product Under Production RCD Cable New Product Under Development Body Control Module (BCM) DC-DC Under Development Converter New Product Under Production Telematics
Slide 9: Potential EV Kit Value (2W)
9/37 POTENTIAL EV KIT VALUE (2W) Values in INR Potential Kit value increased by Rs 2,000 With BMS, On Board charger and Body Control Module moving to production, Kit value increased from Rs 4,500 to ~ Rs 16,500 Existing New Positive Product Product Product Product Product Impact on Under EV Kit
Slide 10: UNOvation at UNO Minda: Reimagining the Future
10/37 UNOvation AT UNO MINDA : REIMAGINING THE FUTURE Advanced Overhead Console Front Panel Illumination with sensor integration capability for ADAS
Slide 11: Financial Information & Recent Updates
Financial Information & Recent updates
Slide 12: Key Financial Highlights for the Quarter
12/37 KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Resilient performance despite production cuts led by semi conductor shortage. Revenues Increase by 30% Y-o-Y to Rs 2,114 Cr for the quarter EBIDTA remained stable at Rs 228 Cr for the quarter Image EBIDTA Margins at 10.8%, despite rising commodity price
Slide 13: Consolidated Financial Highlights – Q2FY22
13/37 CONSOLIDATED FINANCIAL HIGHLIGHTS – Q2FY22 Revenue (Rs. Cr) EBITDA (Rs. Cr) 228 228 2,114 244 90 1,636 97 171 19 18 1,869 119 1,465 113 Q2 FY21* Q2 FY22 Q2 FY21* Q2 FY22 PBT** Interest Depreciation MIL HSSL PAT^ (Rs. Cr) Margin (%) 95 14.0% 10.8% 86 5.3% 4.5% Q2 FY21* Q2 FY22 Q2 FY21* Q2 FY22
Slide 14: Revenue Bridge
14/37 REVENUE BRIDGE Rs. Crs 2,114 114 72 158 -6 91 1,632 53 Q2FY21* Switches Lightings Acoustics Castings Seating Others Q2FY22 * Restated on account of Harita Merger
Slide 15: Financial Indicators
15/37 FINANCIAL INDICATORS Building Shareholder Value year on year… Dividend Profile ROCE 350 0.14 4000 22.2% 21.8% 0.25 12.1% 11.2% 300 0.12 0.2 9.3% 3000 250 8.1% 0.1 13.1% 13.1% 12.7% 0.15 200 0.08 2000 150 0.06 0.1 100 0.04 1000 0.05 50 310 286 155 207 110 0.02 2,056 2,697 2,967 3,076 3,665 0 0
Slide 16: Business Review
16/37 BUSINESS REVIEW Switches Lighting Acoustics Seating Castings Others Aftermarket Segments
Slide 17: Division-wise Revenue Mix
17/37 DIVISION-WISE REVENUE MIX Q2 FY21 (%) Q2 FY22 (%) Others Others 14% 11% Switches Seatings Seatings 31% 10% 12% Switches 37% Castings 10% Castings 15% Acoustics 10% Lighting Acoustics Lighting 22% 7% 21%
Slide 18: Switching Systems
18/37 SWITCHING SYSTEMS Growth Drivers Key Developments Premiumization /increased New order from Korean adoption of switches customer in PV segment Product innovation like side Further export orders for 2 W stand switch including EV vehicle OEM In Focused export led growth. India Japan. Increase in
Slide 19: Lighting Systems
19/37 LIGHTING SYSTEMS Growth Drivers Key Developments New order win with augmented First ever LED MFR Head Lamp India technical capabilities post Delvis order from Japanese PV OEM. acquisition. Expected SOP in 2024 Recently announced additional Orders from leading Indian PV plant at Gujarat to cate
Slide 20: Acoustic Systems
20/37 ACOUSTIC SYSTEMS Future Growth Drivers Key Developments Shift in trend from traditional Decline in revenue from horn to electrical horns European Markets due to chip Recovery in European markets. shortage India Increase in SoB with OEMs Margins are impacted on account of low volumes Rs. In Crs
Slide 21: Castings
21/37 CASTINGS Growth Drivers Key Developments Increased penetration of Alloy Trial Run to start on 4th line in wheels in both 2W and PV. 2W Supa Alloy Wheel plant Capacity addition in 4W Alloy 4W LPDC Alloy Wheel plant business (GDC) at Bawal Haryana trial run successful India Capacity addition in
Slide 22: Seatings
22/37 SEATINGS Growth Drivers Key Developments Received order for Suspended Synergies post merger with seats from off road customer Minda industries Strengthening 2W segment leveraging on group OEMs India relations Launch in after-market Rs. In Crs. 12% 11% 11% 12% 10% 245 243 224 171 195 Q2 FY21 Q3
Slide 23: Other Products
23/37 OTHER PRODUCTS Growth Drivers Premiumization and regulation catalyst for growth in Sensors and controllers Growth in Blow Moulding business India Rs. In Crs. 13% 14% 13% 11% 11% Europe 280 293 220 216 180 Q2 FY21 Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Revenue Revenue Share
Slide 24: Revenue Breakups Q2 FY22
24/37 REVENUE BREAKUPS Q2 FY22 Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup International 4 Wheeler Replacement 14% 48% 11% 2 Wheeler India 52% 86% OEM 89%
Slide 25: Aftermarket - Expanding B2C Business
25/37 AFTERMARKET- EXPANDING B2C BUSINESS 40,000+ 67,000+ Key Highlights Retailers Garages 25% Growth Y-o-Y Strong brand recall with loyal customer base Leadership position in major products categories 4,500+ Addition of new products every quarter. Added alloys wheels & SKUs (Specific Products) seat
Slide 26: Strategic Business Update
26/37 STRATEGIC BUSINESS UPDATE Minda iConnect Europe Restructuring Minda TTE Daps Minda IConnect Pvt Ltd: Court Transfer of entire business (ADAS) Corporate Restructuring of convened shareholders and into Minda Industries from Minda European entities to derive creditors meetings expected by TTE Dap
Slide 27: In delivering smiles by nurturing inclusive growth
WE BELIEVE…….. In delivering smiles by nurturing inclusive growth
Slide 28: Environment
28/37 ENVIRONMENT Group has taken a lot of initiatives like given below which are expected to have environmental benefits and reduce operational costs Roof-top solar installation- Installed 8.4 MW rooftop solar cells across 21 plants- ~10% of power requirement of the Group. Green belt plantation dri
Slide 29: Social
29/37 SOCIAL Vision to enable and empower every member of the society particularly the disadvantaged to live with dignity and happiness Samarth - Jyoti was started in 2012 under the aegis of Suman Nirmal Minda Charitable Trust to engage and empower the underprivileged people in the rural areas throu
Slide 30: Governance
30/37 GOVERNANCE Mission to continually enhance the stakeholders’ value through global competitiveness while contributing to society Corporate Governance framework ensures effective engagement with our stakeholders and which help us to evolve with changing time Corporate Governance focusses on appro
Slide 31: Annexures
ANNEXURES 31
Slide 32: Consolidated Profit & Loss Statement
32/37 CONSOLIDATED PROFIT & LOSS STATEMENT Rs. Crs Particulars (Rs. Crores) Q2 FY22 Q2 FY21 Y-o-Y% Q1 FY22 QoQ% H1FY22 H1FY21 Y-o-Y% Revenue from Operations (Net of Excise) 2,114.0 1,632.2 30% 1,602.6 32% 3,716.5 2,100.1 77% Raw Material 1,340.6 995.4 982.0 2,322.6 1,271.6 Employee Cost 302.5 226.9
Slide 33: Consolidated Balance Sheet
33/37 CONSOLIDATED BALANCE SHEET Rs. Crs Particulars H1 FY22 FY21 Particulars H1 FY22 FY21 (Audited) (Audited) (Audited) (Audited) ASSETS EQUITY AND LIABILITIES 1. Non-current assets Equity Property, Plant and Equipment 2,006.6 2,050.7 Equity share capital 57.1 54.4 Capital work-in-progress 153.0 11
Slide 34: About UNO Minda
About UNO Minda Transforming the present, Reimagining the future
Slide 35: About UNO Minda
35/37 ABOUT UNO MINDA • Minda Industries Limited is one of the leading manufacturers of auto components domestically with leadership #1 Seats across key product segments. With 20+ Product Lines, 1000+ Business Partners and over 23,000 employees, covering 50,000+ touch points, the company has 6 decad
Slide 36: Global & Domestic Presence - UNO Minda
36/37 GLOBAL & DOMESTIC PRESENCE - UNO MINDA Overseas Strategically located plants across all major auto hubs India 65 R&D 11 R&D 6 Plants Plants Centers 7 Sales Offices HO Head RO Registered Office Office 4 Design Centers North and South America Asia (w/o India) Mexico Europe (Queretaro) Indonesia
Slide 37: Thank You
37 37/37 For Further Information, please contact : Company : Investor Relations Advisors : Thank You Corporate Office Minda Industries Ltd. Mr. Ankur Modi Strategic Growth Advisors Pvt. Ltd. Head Treasury and Mr. Jigar Kavaiya Investor Relation Jigar.kavaiya@sgapl.net Address: Village Nawada Fatehpu