Lumax Industries Limited · NSE:LUMAXIND
Lumax Industries — Q1 FY2023 Earnings Presentation
53 slides from Lumax Industries's earnings presentation, Aug 10, 2022
Slide 1: Exchange filing cover letter for investor presentation
LUMNAX LIL:CS:IP:2022-23 Date : 10.08.2022 BSE Limited The National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Bandra Kurla Complex, Mumbai - 400001 Bandra (E), Mumbai - 400051
Slide 2: Lumax Industries Limited Investor Presentation – Q1 FY2023
Lumax Industries Limited Investor Presentation – Q1 FY2023
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Lumax-DK Jain Group
LUMNAX Lumax-DK Jain Group winx
Slide 5: DK Jain Group
DK Jain Group 3 R&D Centres (India) & 2 32 Seven Decade Design Centres Manufacturing Strong (Taiwan & Czech Facilities Republic) 01 02 03 04 05 06 15 Entities Leader in Over 10,000 in 6 States Automotive Employees Lighting & Gear Shifters 4
Slide 6: Two Listed Entities
Two Listed Entities Lumax Industries Limited Lumax Auto Technologies Limited Products & Services Products & Services End-to-end Automotive Integrated Plastic modules, 2-wheeler Chassis, 2/3- Lighting Solutions wheeler Lighting, Gear Shifters, Emission systems, Transmission Products, Seat Frames, Aft
Slide 7: Our Group Purpose
Purpose, Vision & Values We deliver PRIDE and PROGRESS with Our POSITIVITY Group Purpose Respect Integrity Our Passion Values Excellence Building an ADMIRED HIGH PERFORMANCE Global Organisation in Our whom all stakeholders Vision have ABSOLUTE TRUST 6
Slide 8: Diversified Product Range – 4-wheelers
Diversified Product Range – 4-wheelers Destination Boards & Urea Tanks for Commercial Vehicle Aftermarket products 7
Slide 9: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 8
Slide 10: Diversified Product Range – Commercial Vehicles
Diversified Product Range – Commercial Vehicles 9
Slide 11: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp 10
Slide 12: 32 Locations close to Customers
32 Locations close to Customers State Mfg Locations # Haryana Bawal 2 Dharuhera 1 Gurugram 4 Manesar 3 Maharashtra Pune 8 Waluj 2 Karnataka Bengaluru 3 Gujarat Sanand 2 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Pune Tamil Nadu Sriperumbudur 1 Taiwan & Czech Uttarakhand Haridwar 1 D
Slide 13: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 JV for lighting, HVAC panels and JV for lighting and other JV for emission systems other electronics automotive parts 50% in Lumax Cornaglia Auto 37.5% in Lumax Indu
Slide 14: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 15: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 16: Lumax Industries Limited
Lumax Industries Limited Leading the evolution in Automotive Lighting 15
Slide 17: Milestone
Milestone 1945: Founded a partnership firm 1981: Lumax Industries Pvt Limited 1994: Equity participation of ‘Globe Auto Industries’ as a Trading established after taking over Stanley, Japan in Lumax Industries concern partnership firm Globe Auto Limited 1956-57: Set-up dedicated unit for Industries
Slide 18: Competitive Advantages
Competitive Advantages Market Leaders Leadership in Lighting Partnerships With more than three & half decades of Product Portfolio partnership with Stanley, Japan, the only One of the few players with largest global auto lighting company to manufacture range of lighting solutions & LED worldwide, ha
Slide 19: Customer Mix Q1 FY23
Customer Mix Q1 FY23 Customer wise Sales Q1FY22 (Rs. 301 Crores)* Customer wise Sales Q1FY23 (Rs. 502 Crores)* Q1 FY22 Q1 FY23 8 , 3% 47 , 15% 73 , 15% 172 , 34% 116 , 38% 15 , 3% 11 , 4% 26 , 5% 26 , 9% 50 , 10% 28 , 9% 56 , 11% 67 , 13% 28 , 9% 38 , 13% 43 , 9% MSIL/SMG HMSI HML M&M MSIL/SMG HMSI
Slide 20: Break-up of Revenue FY23
Break-up of Revenue FY23 Segment Mix LED vs Conventional Product Mix 6% 12% 28% 33% Q1 FY23 24% 66% 67% 64% Passenger Vehicle Two Wheeler Conventional Light LED Light Front Lighting Rear Lighting Others Commercial Vehicle 7% 10% 28% 34% 28% Q1 FY22 65% 66% 62% Passenger Vehicle Two Wheeler Commercia
Slide 21: SL Lumax Limited
SL Lumax Limited Established in 1997 Associate Company with 21.28% holding FY22 Sales In partnership with SL Corporation, Korea, a multinational automotive player with presence in Rs. 1,960 Crores Asia-Pacific, Europe & US Plant in Sriperumbudur near Chennai Key Customers Products Lamps Head Lamp, R
Slide 22: Strong Customer Base
Strong Customer Base … Four Wheeler Two Wheeler Commercial Vehicle Export Tractor /FES … Servicing almost 90% of OE Customers in India … The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 21
Slide 23: From Strategic Locations in Key Auto Belts of India
… From Strategic Locations … Dharuhera Pantnagar Bawal Haridwar Gurugram Chakan Bawal – Electronic Facility Sanand Chinchwad Sanand II SL Lumax Ltd Chennai Bengaluru R&D Centre & Design Centre Gurugram … in Key Auto Belts of India R&D Centre Pune Design Centre Taiwan & Czech Republic 22 Map not to s
Slide 24: Shareholding as of 30th June 2022
Shareholding as of 30th June 2022 Shareholding Breakup Stanley Electric Company Ltd Over three and a half decades of strong Others DK Jain technical & financial collaboration with Stanley 25.00% Family Electric Company Ltd, Japan 37.50% A world leader in Vehicle Lighting & Illumination products
Slide 25: Promoter Group
Promoter Group Mr. Dhanesh Kumar Jain Mr. Deepak Jain Mr. Anmol Jain Chairman Emeritus Chairman & Managing Director Jt. Managing Director He is 80 years of age & holds a MBA degree from He is 47 years of age & is a Business Graduate He is 43 years of age & holds Bachelors in Delhi university &
Slide 26: Promoter Group
Promoter Group Mr. Tadayoshi Aoki Mr. Toru Tanabe Mr. Kenjiro Nakazono Senior Executive Director Non-Executive Director Executive Director He is 56 years old & is a Mechanical He is 63 years old & is a graduate He is 52 years old & is a graduate Engineering from Tokoyo Denki from Hosei univers
Slide 27: Supported by Strong Independent Directors
…Supported by Strong Independent Directors Mr. A P Gandhi Mr. Rajeev Kapoor Mr. Dhiraj Dhar Gupta Age: 84 years Age: 70 years Age: 72 years Mechanical Engineer Mechanical Engineer B.Com honours from (hons) from NIIT, SRCC, Delhi University Kurukshetra He has held top leadership positions in He is Ex
Slide 28: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Naval Khanna Mr. Todd Morgan Mr. Vineet Sahni Mr. Shrutikant Rustagi Group CFO Corporate Head – Taxation Chief Technology & CEO & Sr Executive Director Chief Financial Officer Age: 54 years Innovation Officer Age: 57 years Age: 64 years Age: 51 Ye
Slide 29: The Path Ahead
The Path Ahead 28
Slide 30: Rear Lamp – Technology Evolution
Rear Lamp – Technology Evolution 2014 - 2016 2017 2020-23 2022-24 2025 & beyond • Penetration of • Moving from just • Animated • Diffractive Optics • OLED (Organic LED’s into Tail LED tail to full LED functionality including that provide an LED)… Ultra thin Lamps with rear lamp gliding/progressive i
Slide 31: Head Lamp – Technology Evolution
Head Lamp – Technology Evolution 2014-17 2019-21 2022 onwards • Introduction of Projector Lamps • Increasing presence of LED • LED will continue to replace with Halogen Bulbs for new headlamps. LED projectors are the halogen, with some vehicle lines vehicles launched in India by most desired appeara
Slide 32: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities 31
Slide 33: In-house R&D & Validation Facility
…In-house R&D & Validation Facility 32
Slide 34: Financials
LUMAX Financials
Slide 35: Strong Growth in Total Income with Healthy Margins
Strong Growth in Total Income with Healthy Margins Standalone Results Revenue Reported EBITDA# 1,851 1,751 179 1,649 1,602 167 1,426 143 148 125 512 48 FY18 FY19 FY20 FY21 FY22 Q1FY23 FY18 FY19 FY20 FY21^II FY22 Q1FY23 PAT Cash PAT 107 168 136 72 111 112 63 49 82 17 34 15 FY18 FY19^I FY20 FY21^II FY
Slide 36: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Standalone Results Gross Block Long Term Loan 1,400 1,412 76 72 1,214 1,252 1,047 53 973 5 3 0 FY18 FY19 FY20 FY21 FY22 Q1FY23 FY18 FY19 FY20 FY21 FY22 Q1FY23 Capex Long Term Debt / Equity 162 167 0.18 149 0.16 0.14 94 42 13 0.02 0.01 0.00 FY18 FY19 FY20 FY
Slide 37: Healthy Return Ratios
Healthy Return Ratios Standalone Results ROE (%) ROCE (%) 21.6 21.1 32.0 32.0 18.8 24.0 11.5 17.0 15.1 4.3 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Dividend (% of Face Value) EPS (in Rs.) 350 114.9 230 235 77.3 67.7 52.0 135 70 18.2 FY18 FY19^ FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22^III ^ T
Slide 38: Standalone P&L Statement
Standalone P&L Statement Particulars (Rs. in Crores.) Q1 FY23 Q1 FY22 Y-o-Y Q4 FY22 Q-o-Q Manufacturing Revenue 502.3 301.4 488.1 Moulds Revenue 9.7 12.6 61.3 Total Operating Revenue 511.9 314.0 63.0% 549.4 -7% Other Income 4.9 2.3 3.5 Total Income 516.9 316.3 63.4% 552.9 -7% Raw Material 329.9 199.
Slide 39: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. in Crores) Mar-22 Mar-21 EQUITY & LIABILITIES Mar-22 Mar-21 Non-current assets Equity Property, plant and equipment 664.7 581.2 Equity Share capital 9.3 9.3 Capital work-in-progress 47.8 47.0 Right of use assets 28.4 30.7 Other equity 413.4 387.8 Investment prope
Slide 40: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q1 FY23 Q1 FY22 Y-o-Y Q4 FY22 Q-o-Q Manufacturing Revenue 502.3 301.4 488.1 Moulds Revenue 9.7 12.6 61.3 Total Operating Revenue 511.9 314.0 63.0% 549.4 -7% Other Income 4.9 2.3 3.5 Total Income 516.9 316.3 63.4% 552.9 -7% Raw Material 329.9 19
Slide 41: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores) Mar-22 Mar-21 EQUITY & LIABILITIES Mar-22 Mar-21 Non-current assets Equity Property, plant and equipment 664.7 581.2 Capital work-in-progress 47.8 47.0 Equity Share capital 9.3 9.3 Right of use assets 28.4 30.7 Other equity 482.4 451.1 Investment pro
Slide 42: Awards & Recognitions
LUMAX | te v6 ee 24 t C Awards & N wo Y Reco ele eg Cy Cy So gnitions =! oS GMS x DK JAIN
Slide 43: Supplier Recognition Award
Supplier Recognition Award Awarded for Overall Performance 2021-22 by Maruti Suzuki India at the Maruti Suzuki Vendor Conference 2022 held in May 2022. 42
Slide 44: CII Awards
CII Awards National Low-Cost Automation Award Won Gold Award in Productivity Improvement by Bangalore Plant in July 2022 43
Slide 45: Awards & Recognitions
Awards & Recognitions The Bengaluru plant of the company was recognised for its outstanding contribution by achieving Zero Defect Supplies for the year 2020 by Toyota Kirloskar Motor Pvt. Ltd. In July 2021. Three teams of the company participated at the 41st CII National Kaizen Competition in Septem
Slide 46: Supplier Recognition Award
Supplier Recognition Award Winner of the Best Delivery Management Award at the 22nd HMSI Supplier Convention 2021 in March 2021 Bengaluru facility was recognised for its outstanding contribution by achieving Zero Defect Supplies for the year 2020 by Toyota Kirloskar Motor Pvt. Ltd. in 2021 45
Slide 47: TPM Award
TPM Award JIPM Award for Excellence in Consistent TPM Commitment Pantnagar Plant, 2019 Dharuhera Plant won JIPM-TPM award for excellence in Category A for year 2019 JIPM-TPM Excellence Award Bengaluru Plant, 2019 JIPM-TPM Excellence Award Bawal Plant, November 2017 JIPM-TPM Excellence Awar
Slide 48: ACMA Atmanirbhar Excellence Awards
ACMA Atmanirbhar Excellence Awards The Company has bagged 3 Awards at the ACMA Atmanirbhar Excellence Awards 2021 in March 2022. 47
Slide 49: ACMA Technology Summit & Awards – November 2019
ACMA Technology Summit & Awards – November 2019 Dharuhera Won the Gold Award in Excellence in Inclusive Growth - A Make in India Drive - Very Large Category Won the Bronze Award in Excellence in Manufacturing - Very Large Category Chakan won the Silver Award in Excellence in New Product Design &
Slide 50: Awards & Recognition
Awards & Recognition Won the prestigious Gold award for Top 100 best annual report for excellence within its industry for FY 2018-19, 2019-20 & 2020-21 The company bagged The Gold Award at ICQCC for the fourth year in a row in FY21 Each of our plants located at Haridwar, Bawal & Bengaluru have
Slide 51: CSR Initiatives
CSR Initiatives Social Initiatives by Lumax group towards ‘Quality Education’ for the society 50
Slide 52: CSR Initiatives
CSR Initiatives Social Initiatives by Lumax group towards ‘Good Health’ for the society 51
Slide 53: For further information, please contact:
For further information, please contact: Company: Investor Relations Advisors: Lumax Industries Limited Strategic Growth Advisors Pvt. Limited CIN: L74899DL1981PLC012804 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Sagar Shroff priyanka.sharma@lumaxmail.com shogun.jain@sgapl.