Slide 1: Minda Corporation Q2 FY20 Earnings Presentation
Mechatronics Minda Corporation Limited (NSE: MINDACORP; BSE: 538962) Q2 FY20 Earnings Presentation Information & Connected Systems Nov 2019 Plastics & Interiors Instrument Clusters Sensors Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plastic Component
Slide 2: Table of Contents
Table of Contents 1. Quarterly Updates Company Snapshot Industry at Glance Consolidated Performance Business Updates Way Forward Awards and CSR 2. Annexure A (Standalone Performance) 3. Annexure B Earnings Presentation 2
Slide 3: Schematic Representation of Minda Corporation
Schematic Representation of Minda Corporation Promoter Share Holding Public & Other Share Holding 68.1% 31.9% Minda Corporation Limited Overseas Domestic Operations India JV’s (100% owned) KTSN Group Safety Security Division Minda Stoneridge (51%) ASEAN Group Die Casting Division Minda V
Slide 4: One of India's leading automotive component companies with global footprint
One of India’s leading automotive component companies with global footprint Diversified product portfolio, global customers, strong Revenue Breakdown H1 FY20 manufacturing and advanced R&D with six decades of automotive experience By Geography By End Market Revenue Rs. 30,920 mn (FY2019) South East
Slide 5: Indian Automotive Industry Performance: H1FY20
Indian Automotive Industry Performance: H1FY20 Auto Industry Commentary H1 FY20 Growth (13.4)% • The de-growth trend which started in H2FY19 17.13 (12.6)% 14.83 accelerated its momentum for all the segments in 13.34 H1FY20 for Automobile industry. 11.66 • During H1FY20, Production of vehicles declin
Slide 6: Consolidated Performance – Q2 & H1 FY20
Consolidated Performance – Q2 & H1 FY20 Q2 Q1 Half Year (Rs. Million) FY20 FY19 FY20 FY20 FY19 Operating Revenue 7,355 7,733 7,083 14,437 15,516 Operating Revenue Growth (4.9)% 3.8% (7.0)% Other Income 87 113 82 170 160 EBITDA 684 823 670 1,354 1,554 Margin (%) 9.3% 10.6% 9.5% 9.4% 10.0% Profit Befo
Slide 7: Consolidated Performance – Q2 & H1 FY20
Consolidated Performance – Q2 & H1 FY20 Quarterly Commentary – Q2 FY20 vs Q2 FY19 Half-Yearly (in Rs. mn) • Overall revenue declined by 4.9% y-o-y in Q2 FY20 due to 14,437 15,516 7,355 7,733 Revenue Revenue • Domestic sales fell by 14.8% • Compensated by higher tooling sales in European Q2 FY20 Q2 F
Slide 8: Consolidated Leverage Position
Consolidated Leverage Position Particulars (Rs. mn) Sep 30 th, 2019 Mar 31st, 2019 Net Worth 12,367 11,950 Gross Debt 5,845 6,806 Less: Cash & Cash Equivalents (Inc. FDR) 4,188 3,670 Net Debt 1,657 3,136 Net Debt / Net Worth 0.13 x 0.26 x Capital Employed 13,994 15,086 ROCE 12.2% 16.4% Note: ROCE ex
Slide 9: Business Verticals Performance (H1FY20 vs H1FY19)
Business Verticals Performance (H1FY20 vs H1FY19) (in Rs. Mn) Mechatronics and Aftermarket Information & Connected Systems Plastics & Interiors - 2.4 % -12.1 % -8.4 % 6,836 7,005 5,225 4,590 3,286 3,011 H1 FY20 H1 FY19 H1 FY20 H1 FY19 H1 FY20 H1 FY19 Revenue 6,836 7,005 Revenue 4,590 5,225 Revenue 3
Slide 10: Business Performance – Order Book
Business Performance – Order Book Business Updates – Q2 FY20 Mechatronics : (In Q2 Lifetime order worth approx. Rs. 8,500 mn, YTD 19-20 Lifetime order worth approx. Rs. 13,000 mn) • Awarded new business by globally leading 2W OEMs to supply ‘Lockset with Fuel Tank Caps' (Lifetime business value of
Slide 11: Business Updates
Business Updates Achievements Partnership with Bajaj Auto for E-mobility : • Minda Corp to supply products such as Keyless system consisting of electronics steering column lock, Key FOB, Smart ECU, Seat and glove box actuation mechanism and few Die casting components for recently launched E-vehicl
Slide 12: Way Forward…
Way Forward… Context Response and Outlook India Mechatronics • Grow the Die-Casting Business through Export • Production cut by OEM’s to align with market • Adding new customer to gain Market share and demand and phase out of BS IV inventory premiumization of products to increase content per vehicle
Slide 13: Awards and CSR
Awards and CSR Earnings Presentation 13
Slide 14: Awards/Recognition – H1 FY20
Awards/Recognition – H1 FY20 16th CFO Leadership Summit Award to Mr. R Spark Minda bagged CSR Leadership Minda SAI is now certified Spark SAI- South receives 1st Runner Award Laxman, Award 2019 for Best Practices in Prisons of as Great Place to Work – 2019 on Leading Practices on Health & Wellbeing
Slide 15: Awards/Recognition – H1 FY20
Awards/Recognition – H1 FY20 Inauguration of Minda Mitra Inauguration of Centre of Excellence at State of the Art – Live Garage Spark Minda Technical Centre, Pune Training for Mechanics with practical & A joint initiative with ‘Ansys Software’ to theoretical fitment session under guidance of improve
Slide 16: Corporate Social Responsibility – Q2 FY20
Corporate Social Responsibility – Q2 FY20 Inauguration of Aakarshan Skill Development Programme at Pune, Maharashtra with target to enhance skills of over 300 learners in FY20. Aakarshan skill Development Programme has reached to 5,400+ youth, women and children with its 6 centers across India Flood
Slide 17: Annexure A (Standalone Performance)
Annexure A (Standalone Performance) Earnings Presentation 17
Slide 18: Standalone Performance – Q2 FY20
Standalone Performance – Q2 FY20 Q2 Q1 Half Year (Rs. Million) FY20 FY19 FY20 FY20 FY19 Operating Revenue 5,289 6,209 5,628 10,918 11,786 Operating Revenue Growth (14.8)% (6.0)% (7.4)% Other Income 105 194 80 185 250 EBITDA 633 813 641 1,274 1,396 Margin (%) 12.0% 13.1% 11.4% 11.7% 11.8% Profit Befo
Slide 19: Standalone Performance – Q2 & H1 FY20
Standalone Performance – Q2 & H1 FY20 Quarterly Commentary – Q2 FY20 vs Q2 FY19 Half-Yearly (in Rs. mn) 6,209 5,289 11,786 Revenue 10,918 Revenue • Overall revenue declined by 14.8% y-o-y in Q2 FY20 due to decline in CV by (-39%) and 2W by (-16%). Q2 FY20 Q2 FY19 • EBITDA margin dropped by 110 bps a
Slide 20: Annexure B
Annexure B Earnings Presentation 20
Slide 21: Competitive Strengths
Competitive Strengths WELL DIVERSIFIED customer STRONG RELATIONSHIPS with base and product portfolio major Indian and Global OEMs TECHNOLOGICAL A LEADING PLAYER in several COLLABORATION with global of its product segments in India automotive component manufacturers PROFESSIONALLY MANAGED STRONG IN-H
Slide 22: Strategic Focus – Growth Drivers
Strategic Focus – Growth Drivers Growth Drivers #1 #2 #3 #4 Technology Organic Operational Excellence • Upgradation of • Increased content per Inorganic growth in legacy products Vehicle through higher adjacent areas • New advanced customer engagement Quality Leadership offerings in non • Exports le
Slide 23: Roadmap
Roadmap To Enhance Shareholders Wealth Group Target - By having a profitable growth better than Industry Focus Organic growth enhanced by: Inorganic growth: Revenue > Market - Premiumization & Regulation - Adjacent Segment Growth - Increasing content per vehicle - Focus on Technology and/or - Expo
Slide 24: Business Verticals
Business Verticals Minda Corp (Consolidated) Information and Connected Mechatronics Plastics & Interior Aftermarket System • Safety Security Division • Wiring Harness Division • Minda KTSN Plastic Solution • Aftermarket Division • Die Casting Division • Platic Component Division GmbH & Co. KG • Star
Slide 25: Diversified Product Portfolio
Diversified Product Portfolio Mechatronics Ignition Switch Cum Smart Key Mechatronics Immobilizers Aluminium Die Compressor Steering System Handles System Casting Housing Alternator Starter Motor Lock Electronic and mechanical security systems Die casting components Starter motors and alternators In
Slide 26: Key Customers
Key Customers 2-3 Wheelers Commercial & Off Passenger Vehicles Other Market Highway Vehicles Earnings Presentation 26
Slide 27: Product Portfolio – 2 Wheelers
Product Portfolio – 2 Wheelers SENSOR - FLS HANDLE MOUNTING ASSY IGN LOCK & SPEEDOMETER WIRING FT CAP HARNESS CYLINDER HEAD CONTROL CABLES BRAKING SENSOR SSPS SYSTEM PARTS STEP HOLDER PARTS SENSOR SENSOR SPEED OPS & TEMP SENSOR TPS Note: Representative Earnings Presentation Information & Connected S
Slide 28: Product Portfolio – Passenger Vehicles
Product Portfolio – Passenger Vehicles WIRING NOZZEL SRC BATTERY TRAY HARNESS DEFROSTER LOUVERS SPEEDOMETER GLOVE BOX CUP HOLDER STRG COLUMN SHROUD ENGINE SYSTEM DOOR SASH (TURBOCHARGER PARTS) TAIL GATE ENGINE SYSTEM LATCH (ENGINE MOUNTING PARTS) EGT SENSOR AC COMPRESSOR PARTS TEMP SENSOR FUEL LEVEL
Slide 29: Product Portfolio – Commercial Vehicles
Product Portfolio – Commercial Vehicles WIRING HARNESS SPEEDOMETER PM / SOOT SENSOR TEMP SENSOR EGT & EGRT SENSOR PRESSURE SENSOR LOCKSET & DOOR HANDLES FUEL LEVEL SPEED OIL SUMP SENSOR SENSOR Earnings Presentation Information & Connected Systems Mechatronics Plastics & Interiors 29 Note: Representa
Slide 30: Product Portfolio – Tractors
Product Portfolio – Tractors EGRT SENSOR SPEEDOMETER STARTER MOTORS WIRING HARNESS ALTERNATORS PRESSURE SENSOR SPEED SENSOR FUEL LEVEL SENSOR OIL SUMP TEMP SENSOR Note: Representative Earnings Presentation Information & Connected Systems Mechatronics Plastics & Interiors 30 products
Slide 31: Manufacturing facilities strategically located globally providing support to OEMs
Manufacturing facilities strategically located globally providing support to OEMs North (12 Plants) Poland Madhya Germany Gujarat Pradesh (1 Plant) Czech Republic West Japan (11 Plants) Mexico Vietnam South (4 Plants) Indonesia Manufacturing Facilities Proposed Facility Information & Offices Manufac
Slide 32: Board of Directors
Board of Directors Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. R. Laxman Executive Director & Group CFO Mr. Avinash P. Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram Gandhi On the Board of GPR On the Board of Setco On the Board of On the Board of Luma
Slide 33: Thank You
Thank You This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business de