Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Q3 FY2025 Earnings Presentation
40 slides from Uno Minda's earnings presentation, Feb 6, 2025
Slide 1: Exchange filing cover letter
Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 06/02/2025 National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor - 25, Bandra Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Mumbai - 400 051 Dalal Street, Mumbai-400 001. NSE Symbol: UNOMINDA BSE Scrip:
Slide 2: Investor Presentation February 2025
INVESTOR PRESENTATION February 2025
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda 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 form the ba
Slide 4: Content
CONTENT 01. Industry Highlights 04 02. Operational Highlights 05 03. Financial Highlights 07 04. Business Review 10 05. Annexures 21 06. Overview: Uno Minda Group 24 3
Slide 5: Industry Highlights for Q3 FY25
INDUSTRY HIGHLIGHTS FOR Q3 FY25 Auto Industry growth led by 2W e-2W Registration shows robust Growth in 2W market with good rural demand growth registering 8% YoY growth during the quarter. e-2W registration for the quarter increase by 37% Y-o- PV segment grows by 3% while CV decline by 2% Y basis a
Slide 6: Key Operational Highlights for Q3 FY25
KEY OPERATIONAL HIGHLIGHTS FOR Q3 FY25 4W Lighting plant at Khed Minda Kosei, Kosei Minda & Kosei commissioned Minda Mould merger approved NCLT approves merger of Minda Kosei, Kosei Minda Commercial production at technically advanced & Kosei Minda Mould into UML. manufacturing facility at Khed city
Slide 7: Auto Expo Components Show 2025
Auto Expo Components Show 2025 6
Slide 8: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 7
Slide 9: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Group Revenues (Including JVs and Consolidated Revenues increased by Associates) (Unaudited) higher by 14% 19% Y-o-Y to Y-o-Y Rs 5,056 Cr Rs 4,184 Cr for the quarter for the quarter EBITDA higher by 20% Y-o-Y to EBITDA margin at Rs 457 Cr at 10.92% for the qu
Slide 10: Consolidated Financial Highlights – Q3 FY25
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q3 FY25 Revenue(Rs. Revenue (Rs.Cr) Cr) EBITDA(Rs. EBITDA (Rs.Cr) Cr) 482 19% 17% 457 20% 380 402 20% 158 133 150 125 47 46 4,184 29 27 3,523 4,245 3,621 226 258 261 291 Q3 FY24 Q3 FY25 Q3 FY24 Q2 FY24 Q3 FY25 Q2 FY25 Q2 FY24 Q2 FY25 UML Revenue PBT PBT Interest I
Slide 11: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET 10
Slide 12: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q3 FY24 (%) Q3 FY25 (%) Others Switches Others 22% 25% 17% Switches 26% Acoustics Acoustics 6% 4% Seatings Seatings 7% 8% Casting Lighting Lighting 18% Casting 24% 24% 19% 11
Slide 13: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 26% 25% 25% 25% 25% • Commenced manufacturing of components at new 928 963 958 1057 1045 greenfield plant at Farrukhnagar. Existing Manesar plant to be shifted by Q3 FY27 Switches Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 24% 2
Slide 14: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 6% 5% 5% 4% 4% • Headwinds in European Auto market adversely impacting our European subsidiary Clarton Horn 202 213 204 186 184 operations Acoustic Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 8% 7% 7% 7% 7% • European Agricultura
Slide 15: Revenue Breakups Q3 FY25
REVENUE BREAKUPS Q3 FY25 3W OR CV 1% International Aftermarket 3% 4% 11% 8% 4W 46% 2W 46% India OEM 89% 92% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 14
Slide 16: Aftermarket – Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, • Revenue of Rs. 319 Cr during the quarter Shocks & struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 17: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Sales to 2W Electric Vehicles Rs Crores Motor Controller Battery Management On-Board System Charger DC-DC Body Control Converter Module (BCM) Potential Kit Value (EV 2W) (in INR) Off Board Charger Traction Motors RCD Cab
Slide 18: EV Strategy for Four Wheeler
EV Strategy for Four Wheeler Wall Mounted Charging Unit Battery Disconnect Under Production/Orders Won Unit 1 Battery Disconnect Unit Integrated Charging 2 AC Charging Cable Control Unit 3 Integrated Charging Control Unit (OBC + DC DC + PDU) ( Low Voltage) 4 EVSE-Wall Mount Charging Unit Under Self
Slide 19: Project Expansion Update
Project Expansion Update Total Cost (In Rs Expected Sr Product Line Entity Location Capacity Update Crs) SOP Project under Q2 FY26 1 4W Alloy Wheels Uno Minda Ltd 542 Kharkhoda 120k Wheel p.m. implementation Phase 1 To be spend over 5 years Minda Kosei Q4 FY25 Land Acquired. 2 4W Alloy Wheels Alumin
Slide 20: Project Expansion Update
Project Expansion Update Total Cost (In Expected Sr Product Line Entity Location Capacity Update Crs) SOP 11 Airbags TG Minda (JV) 283 Harohalli Greenfield Q1 FY27 Project Announced 12 Casting Uno Minda Ltd 72 Hosur Expansion Q4 FY 26 Project Announced Total 2,790 19
Slide 21: Corporate Social Responsibility Initiatives
Corporate Social Responsibility Initiatives Blood Donation Camp in Eye checkup camp at Samarth Collaboration with Red Cross Society Jyoti center, Pune 15th India CSR Award, 2025 in the “Large Impact" category for our flagship initiative, "𝗦𝗮𝗺𝗮𝗿𝘁𝗵-𝗝𝘆𝗼𝘁𝗶". HP-CLAP (Continued Learning…
Slide 22: Annexures
4 ANNEXUR Internal
Slide 23: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Cr) Q3 FY 25 Q2 FY 25 QoQ% Q3 FY 24 YoY% 9M FY 25 9M FY 24 YoY% Revenue from Operations 4,184 4,245 -1% 3,523 19% 12,246 10,237 20% Raw Material 2,740 2,754 2,291 7,954 6,654 Employee Cost 534 528 454 1,578 1,327 Other Expenses 453 481 398 1,367
Slide 24: Financial Summary (Last 5 Years)
Financial Summary ( Last 5 Years) Particulars Unit FY24 FY23 FY22 FY21 FY20 Consolidated Revenue INR Cr 14,031 11,236 8,313 6,374 6,222 EBITDA INR Cr 1,585 1,242 885 725 672 EBITDA Margin % 11.3 11.1 10.6 11.4 10.8 PAT (UML Share) INR Cr 880 654 356 207 155 Net UML profit margin % 6.3 5.8 4.3 3.2 2.
Slide 25: About Uno Minda
ABOUT UNO MINDA Internal
Slide 26: About Uno Minda
ABOUT UNO MINDA UNO MINDA A Leading Auto Component & Systems Player, Uno Minda Limited is one of the leading manufacturers of auto components and systems with leadership across key product segments. Since 1958 ₹ 169B ($ 2.03 B) * TOP 200 74 The company has a well diversified product portfolio with m
Slide 27: Domains & Product Groups
Domains & Product Groups Switches 4W, 2W, 3W, CV & Lamps Off road 4W & CV Electric Vehicle Products Lamps 2W, OR PV EV Products Speakers Gear Shifters & Seat Belts LPG CNG Kits Infotainment Systems Horns ADAS Products Hoses Sunroof Controllers Blow Molded Parts Sensors & Actuators Air Bags, Interior
Slide 28: Engine agnostic portfolio with potential upside from EV transition
Engine agnostic portfolio with potential upside from EV transition Alternate Fuel Domains Product Lines ICE Hybrid BEV Systems 4W Switches & HVAC Sensors Controllers Seat Belts Electronic & Control Shifters Systems Infotainment Systems Cameras Telematics & TCU More than 95% of RPAS & ADAS our produc
Slide 29: UML's Powertrain Focused Portfolio
UML’s Powertrain Focused Portfolio Domains Product Lines ICE H2 ICE CNG PHEV HEV BEV Electronic & Control Portable Charging Unit Systems Wall Mount Charger (EVSE) Safety & Comfort Systems Fuel Hoses/Fuel cap Lighting & Acoustics Alternate Fuel Systems Light Metal & Power Train Ai
Slide 30: Global Presence
GLOBAL PRESENCE Strategic Manufacturing Location Growing International Presence 68 29 HO Head RO Reg. 14 6 7 Sales 8 1 Plants Engg. Centers Office Office Warehouses Plants Office Engg. Centers Warehouse North zone. (31) [17] {1} East zone (1) Manesar (8) [6] HO Jamshedpur (1) Bawal (10) [5] Neemrana
Slide 31: Top Management Team
TOP MANAGEMENT TEAM Mr. Nirmal K Minda Mr. Ravi Mehra Mr. Amit Jain Mr. A.G. Giridharan Mr. Kundan K Jha Mr. Naveesh Garg Mr. Rajeev Gandotra Chairman & Managing Director Deputy Managing Director Group Chief Technical CEO- Safety & Comfort CEO, Light Metal & CEO- Electronics and CEO – Light & Acoust
Slide 32: In-house R&D helps drive Innovation
In-house R&D helps drive Innovation… Two-tier Engineering Organization Europe India Central R&D Centre With A Focus On Advanced & Future Technology Pune, Gurugram, Chennai, Hosur & Bangalore India Regensburg, Munich, Ingolstadt-1, Wolfsburg -2, Osnabruck-1 Germany Bilbao Spain Product-focused Busine
Slide 33: Uno Minda – Central R&D and Design Studio
UNO MINDA – Central R&D and Design Studio Locations Uno Minda’s first flagship centre for Key functional Competencies research engineering and advance technologies. Product Planning Technical Sales MISSION: Attain Technology Leadership with Simulation based Engineering Ingenious CREATors to Innovate
Slide 34: Nurturing Partnerships and Affiliations
Nurturing Partnerships and Affiliations JV- Steering Wheel with Airbags, Body Sealing, Fuel Caps, Hoses TLA – Speakers M&A Horns M & A Lighting Solutions JV - Panel & Control Switches, Seatbelts JV – Printed Circuit Boards JV – Vehicle Seat Recliners JV- Blow Molding JV - Speakers Gear Shifters (PCB
Slide 35: Potential Kit Value (ICE) – Uno Minda
POTENTIAL KIT VALUE (ICE)* – UNO MINDA As at the end of FY 2020 2021 2022 2023 2024 15798 14,261 14,901 14851 13,952 14,16114374 13,910 12,336 12,003 10,66111,027 9,675 9,585 9,231 8,457 8,243 7,110 6,978 7,181 7,324 7324 6,261 4,517 3,611 Economy Executive Premium Scooter Moped Up to 110 CC 110 -13
Slide 36: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental Social Corporate Governance More than 90% of plants ISO Vision to enable Employee and 14001 & ISO 45001 certified Community Well-Being with 15% Renewable Energy Share – FY 23-24 (Environmental & OHS Management System) following organizational go
Slide 37: ESG Targets and Action Plan
ESG Targets and Action Plan ESG Targets ✓ 60% Renewable energy share by 2030 Sustainalytics ✓ Carbon Neutral Operations by 2040 ✓ Carbon Net Zero by 2050 Environment Social Governance • CO2 Footprint Reduction • Lost time Injury Case (> 48 Hrs.) • Robust Governance Mechanism Rooftop Solar Installati
Slide 38: Awards & Recognitions
Awards & Recognitions Customer Awards Mr. Nirmal K Minda, CMD, Uno Minda Limited, has Uno Minda is proud to secure 2023-24 been awarded the the Great Place To prestigious HURUN Self- Work® (GPTW) Certification made Entrepreneur Award, for the fourth consecutive year QUALITY 2023! in 2024! DELIVERY B
Slide 39: Group Strengths
Group Strengths Robust Systems and Governance mechanism Long Standing Located close to each Strategic & Relationships with customer Technology Driven Strong System, Processes with experienced board to drive OEMs Alliances Governance and Ethical Practices 6 Decades of Preferred Supplier Located in al
Slide 40: Thank You
Thank You Corporate Office For further information, please contact Follow us on Address: Village Nawada Fatehpur, P.O. Sikanderpur Mr. Ankur Modi Badda, Manesar, Gurgaon – 122004, India. Vice President Head Treasury and Communication Website: www.unominda.com amodi@unominda.com 39