Slide 1: Letter to exchanges: AGM proceedings and presentation
Y ™pnco/ PR/COL LIMITED (Formerly Pricol Pune Limited] Passion to Excel 109, Race Course, Coimbatore 641018 , India '- +91 422 4336000 ltm +91 422 4336299 ~ city@pricol.co.in e pricol . com CIN : L34200TZ2011 PLC02219 4 • CUSTOMERS • EMPLOYEES • SHAREHOLDERS ;..._ SUPPLIERS PL/SEC/TGT/2018-19/100 Th
Slide 2: Proceedings of the 7th Annual General Meeting
Proceedings of the 7th Annual General Meeting of Pricol Limited held on Wednesday, the 22 nd August 2018 at 4.30 p.m. at Chamber Hall, Chamber Towers, 8/732, Avinashi Road, Coimbatore - 641 018, Tamilnadu. Meeting started at 4.30 p.m. Meetin ended at 6.15 p.m. PRESENT DIRECTORS 1) Mrs.Vanitha Mohan,
Slide 3: AGM proceedings and resolutions
Chairman informed that with the permission of the Members present at the meeting, since the following had been already circulated were taken as read. a) the 7th Annual General Meeting Notice, Directors' Report along with the Annexures thereto, the Annual Financial Statements, the Consolidated Financ
Slide 4: E-voting and ballot proceedings
Company in respect of the 7th Annual General Meeting resolutions. The remote evoting commenced on 18th August 2018 (9.00 a.m) and ended on 21 st August 2018 (5.00 pm). She further informed that facility to vote through ballot paper had been arranged, for the members who attended the meeting and who
Slide 5: Welcome to Pricol Limited's 7th Annual General Meeting
Welcome to Pricol Limited’s th 7 Annual General Meeting 22 August 2018 >X~pr,cal PRICDL LIMITED Passion ta Excel Slide 1
Slide 6: Agenda
Agenda Financial Performance FY 2017-18 New Business Wins Company Outlook FY 2018-19 Key Investments & New Plants Key Partnerships Corporate Social Responsibility Slide 2
Slide 7: Financial Performance FY 2017-18
Financial Performance FY 2017-18 Slide 3
Slide 8: Standalone Financial Performance FY 17-18: Operations
Standalone Financial Performance FY 17-18: Operations Pricol’s standalone revenue from operations grew by 14% (excluding Speed Limiting Devices) and stood at INR 1176.71 crores in FY 17-18 Reduction in Sales and EBITDA is mainly due to drop in Speed Limiting Devices; a high profit product due to
Slide 9: Standalone Financial Performance FY 17-18: Total Revenue
Standalone Financial Performance FY 17-18: Total Revenue Total reported revenue stood at INR 1351.23 crores in FY 17-18 and it includes the following: Sale of land held as stock in trade to the tune of INR 83.76 crores Sale of traded goods to the tune of INR 56.79 crores Other income is to t
Slide 10: Standalone Vehicle Segment Wise Growth FY 17-18
Standalone Vehicle Segment Wise Growth FY 17-18 Segment Pricol’s Growth1 Market Growth2 Two Wheeler 15% 16% Commercial Vehicle 39% 10% Off Road Vehicle 13% 13% Tractor 14% 22% Four Wheeler -5% 5% 1. Growth rate is based on sales to OEMs but not including Exports, SLD, Components, Tools, Aftermarket,
Slide 11: Standalone Revenue Split by Product Vertical
Standalone Revenue Split by Product Vertical (In INR crores) Segment FY 17-18 FY 16-17 Growth % Driver Information System 570.0 509.6 12% Switches and Sensors 149.9 132.9 13% Pumps and Mechanical 345.8 318.0 9% Products Asset Management Solutions 29.7 25.7 16% Auto Accessories & Others 65.1 29.8 118
Slide 12: Pricol Do Brasil – Restructuring Process
Pricol Do Brasil – Restructuring Process Company shifted its manufacturing facility from Diadema to Jarinu to reduce employee and operational cost and started production and supplies to the customer in Nov 2017 PdB has severed 181 employees from Aug 2017 to Mar 2018 and hired 125 employee from J
Slide 13: Pricol Do Brasil – Financial Performance FY 17-18
Pricol Do Brasil – Financial Performance FY 17-18 (In INR crores) FY 18-19 FY 18-19 Particulars FY 17-18 FY 16-17 (Q1) ABP (Q1) Actual Revenue 127.81 123.38 37.48 36.21 -Domestic 107.92 111.56 29.88 21.70 -Exports 19.89 11.82 7.61 14.51 EBITDA (26.86) (31.30) 0.29 0.92 % of Revenue -21.0% -25.37% 0.
Slide 14: Pricol Indonesia – Financial Performance FY 17-18
Pricol Indonesia – Financial Performance FY 17-18 (In INR crores) Particulars FY 17-18 FY 16-17 Revenue 40.44 92.24 Profit before Tax 2.69 0.98 % of Revenue 6.65% 1.06% Phasing out of Honda vehicle model was a major contribution for sales decrease Cost control measures improved the profitability
Slide 15: Pricol Wiping Systems Financial Performance FY 17-18
Pricol Wiping Systems Financial Performance FY 17-18 (In INR crores) Sep 2017 to Mar Particulars 2018 Revenue 227.82 EBITDA (0.83) % of Revenue -0.36 % Pricol completed acquisition of wiping systems business from PMP Auto Components in August 2017 Financial reporting is considered for the period
Slide 16: Consolidated Financial Performance FY 2017-18
Consolidated Financial Performance FY 2017-18 Pricol’s consolidated revenue from operations grew by 10.23% and stood at INR 1568.6 crores in FY 17-18 Cash generation is INR 58.47 crores in FY 17-18 as against INR 78.46 crores in FY 16-17 (In INR crores) Particulars FY 17-18 FY 16-17 Revenue from
Slide 17: New Business Wins
New Business Wins PRICOL LIMITED Passion to Excel
Slide 18: New Business Wins
New Business Wins Product : First ever scooter with Bluetooth Connectivity In India Customer : TVS Motors Limited Model : NTORQ Market : India Product : Digital Cluster Customer : Hero Motors Limited Model : Passion - Xpro Market : India Slide 14
Slide 19: New Business Wins
New Business Wins Product : LCD Cluster Customer : Bajaj Auto Limited Model : Discover 110 Market : India Product : Instrument Cluster Customer : KTM Model : Husqvarna Market : India & Austria Slide 15
Slide 20: New Business Wins
New Business Wins Product : Digital Cluster with Tyre Pressure Monitoring System Customer : Tata Motors Limited Model : Xenon Market : India Product : Cluster for Tata Motors’ EV through Jayem Automotive Customer : Jayem Automotive Private Ltd Model : Electric Vehicle (EV) - Car Market : India Slide
Slide 21: New Business Wins
New Business Wins Product : Water Pump Customer : Caterpillar Model : Engine variants Market : USA Product : Oil Pump Customer : Harley Davidson Model : Motorcycle variants Market : USA Slide 17
Slide 22: New Business Wins
New Business Wins Product : Water Pump Customer : Volkswagen Model : EA 211 EVO Market : North America Product : Water Pump CSS Prime Customer : General Motors Model : CSS Prime Engine Market : South America Slide 18
Slide 23: New Business Wins
New Business Wins Product : Water Pump CSS Prime Customer : General Motors Model : CSS Prime Engine Market : South America Product : Wide range of warning clusters Customer : JCB India Limited Model : Mini Excavator, 3CX Compact Market : United Kingdom Slide 19
Slide 24: New Business Wins
New Business Wins Product : Re-configurable, Scalable, Effective and Efficient TFT Clusters Customer : JCB India Limited Model : Excavator, Compactor, Wheel Loader Market : India New Technology Products for JCB India Low Cost Telematics Speed Sensor Fuel Level Sensor Warning Cluster Solution Non Fue
Slide 25: Company Outlook FY 2018-19
Company Outlook FY 2018-19 Slide 21
Slide 26: Standalone Outlook for FY 2018-19
Standalone Outlook for FY 2018-19 Business is expected to grow by 15% to 18% due to both organic growth and new projects New products in pipeline will contribute an expected revenue of around INR 180 crores across all product verticals. Capex heavy for growth as investments are made in new pla
Slide 27: Standalone Outlook for FY 2018-19: Raw Material Costs
Standalone Outlook for FY 2018-19 Increase in Raw Material Costs due to the following: Rupee weakening and commodity price increase Global electronic shortage for key components leading to a 30% price increase of such components Main impact of the material cost increase is realized in Q1 & Q
Slide 28: Standalone Revenue Split by Product Verticals
Standalone Revenue Split by Product Verticals (In INR crores) FY 18-19 FY 17-18 Segment Growth % Plan Actuals Driver Information System 674.3 570.0 18% Switches and Sensors 170.0 149.9 13% Pumps and Mechanical 403.9 345.8 17% Products Asset Management Solutions 41.5 29.7 40% Auto Accessories & Other
Slide 29: Subsidiaries Financial Outlook FY 18-19
Subsidiaries Financial Outlook FY 18-19 (In INR crores) Pricol Wiping Systems PT Pricol Surya Particulars Pricol do Brasil (Czech, Mexico & Indonesia India) Revenue 155 – 160 35 - 40 440 - 450 EBITDA 4.5 – 5 % 8% 5-6 % Slide 25
Slide 30: Pricol Do Brasil – Future Outlook
Pricol Do Brasil – Future Outlook CSS prime project is a major milestone for the company with expected annual revenues of INR 90 crores (BRL 45 MN) and a forecasted production ramp up from April 2019. Water Pump program in collaboration with Pricol Wiping Systems Mexico for VW Mexico Eco engine
Slide 31: Pricol Indonesia – Future Outlook
Pricol Indonesia – Future Outlook The Government of Indonesia is coming up with a project for a low cost vehicle model aimed at the middle class and village segments of Indonesia. PT. Pricol Surya Indonesia has been chosen for the supply of instrument cluster and wiring harness for this low cost
Slide 32: Pricol Wiping Systems – Acquisition Highlights
Pricol Wiping Systems – Acquisition Highlights Pricol completed acquisition of wiping systems business from PMP Auto Components in August 2017 The acquisition of the Czech Wiping Systems business Pricol Espana S.L viz., PMP PAL International (PAL Intl.) was completed through its investment subsi
Slide 33: Pricol Wiping Systems – Post Acquisition Improvements
Pricol Wiping Systems – Post Acquisition Improvements Supply Chain Improvements Resourcing efforts to exponentially reduce quality/delivery issues being undertaken in Czech after receiving customer approvals Resourcing for bottleneck suppliers completed in India and the same has started to posit
Slide 34: Pricol Wiping Systems Future Outlook
Pricol Wiping Systems Future Outlook New technology development for Four Pole Motor and Reversible Motor in collaboration with ZSI Technology, Germany Czech Start of Production for the Audi’s new programme in Q1 2018 Additional volumes won from Volkswagen and Seat India Initiated Start o
Slide 35: Key Investments & New Plants
Key Investments & New Plants Slide 31
Slide 36: Capex Investment in FY 17-18
Capex Investment in FY 17-18 Consolidated capex investment in FY 17-18 is around INR 141 crores. (In INR crores) Particulars FY 17-18 Building & Infrastructure 28.63 Plant & Machinery 42.20 Others* 12.76 Tooling 18.47 Standalone Total Capex 102.06 *Others include test lab and quality lab equipment
Slide 37: Planned Capex Investment in FY 18-19
Planned Capex Investment in FY 18-19 Consolidated planned capex investment for new plants and machineries is around INR 225 crores in FY 18-19 to support new projects and capacity expansion (In INR crores) FY 18-19 Particulars Plan Building & Infrastructure 51.20 Plant & Machinery 80.20 Others* 13
Slide 38: New Plant – Manesar, Haryana (Plant 9)
New Plant – Manesar, Haryana (Plant 9) 98,000 sq ft of area and fully operational by Aug 2018 First invoicing completed in June 2018 2nd Manufacturing unit in Manesar 9th Manufacturing unit in India Investment ~ INR 7.5 crores Slide 34
Slide 39: New Plant – Sricity, Andhra Pradesh (Plant 10)
New Plant – Sricity, Andhra Pradesh (Plant 10) 5.86 acres of land with building area of 48,000 sq ft in Phase I Expected to be fully operational by Oct 2018 10th Manufacturing plant in India for Pricol Greenfield Manufacturing plant 250kw rooftop solar Investment ~ INR 32 crores Slide 35
Slide 40: New Plant – Hosur, Tamilnadu (Plant 11)
New Plant – Hosur, Tamilnadu (Plant 11) 5.55 acres of land with building area of 51,000 sq ft in Phase I Expected to be fully operational by Nov/Dec 2018 11th Manufacturing plant in India for Pricol Greenfield Manufacturing plant 250kw rooftop solar Investment ~ INR 42 crores Slide 36
Slide 41: Key Investments FY 17-18
Key Investments FY 17-18 Oxygen Sensor Assembly Line 2nd SMD line for PCB in Plant 2 Slide 37
Slide 42: Key Investments FY 17-18
Key Investments FY 17-18 No Fault Forward Assembly Line for Electronic DIS No Fault Forward Assembly Line for Mechanical DIS Slide 38
Slide 43: Key Investments FY 17-18
Key Investments FY 17-18 Fuel Pump Module Assembly Line in Plant 2 Semi-Automatic Four Stroke Oil Pump Assembly Line in Plant 3 for Ashok Leyland Slide 39
Slide 44: Key Investments FY 17-18
Key Investments FY 17-18 Water Pump Assembly Line in Plant 3 for Harley Davidson Oil Pump Assembly Line in Plant 3 for Royal Enfield Slide 40
Slide 45: Key Investments FY 17-18
Key Investments FY 17-18 Endurance test facilities in Plant 1 840T Die Casting Machine in Pricol do Brasil Slide 41
Slide 46: Key Partnerships
Key Partnerships PRICOL LIMITED Passion to Excel
Slide 47: Licensing Agreement for Oxygen Sensors
Licensing Agreement for Oxygen Sensors Exclusive licensing agreement signed with Kerdea Technologies for Oxygen (O2) Sensor on July 2017. To expand our sensor portfolio in line with the upcoming Bharat Standard BS-VI Emission Regulations by 2020. Post the rollout of BS-VI norms, Pricol is expect
Slide 48: Technical Collaboration for Fuel Pump Modules
Technical Collaboration for Fuel Pump Modules Exclusive agreement signed with Wenzhou Huirun Electrical Machinery Co., Ltd (ACHR) on Oct 2017 for technical collaboration, supply and production of Fuel Pump and Fuel Pump Modules in India in line with the upcoming Bharat Standard BS-VI Emission Regu
Slide 49: Partnership for Electric Water Pumps
Partnership for Electric Water Pumps Exclusive partnership agreement signed with Dongguan Shenpeng Electronics Co Ltd on Jan 2018 to introduce electric water pumps in Indian market across all vehicle segments Program Status Products under development for customers like Ashok Leyland, Volvo Eic
Slide 50: Corporate Social Responsibility
Corporate Social Responsibility Slide 46
Slide 51: Corporate Social Responsibility
Corporate Social Responsibility INR 5 lakhs donated to Sankara Eye Hospital Health Eye Camps for 6480 Government school students and 210 public members and medical camp for 223 public members 5000 tree plantation drive Environment Donations to wildlife SOS and Siruthuli Smart classrooms, renovation
Slide 52: Passionate, Sustainable, Dynamic, Evolving
> PASS/ONA TE SUSTAINABLE > DYNAMIC > EVOLVING >X~pr,cal PRICDL LIMITED Passion ta Excel Slide 48