Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q2 FY17 Earnings Presentation
21 slides from Gabriel India's earnings presentation, Dec 1, 2017
Slide 1: Gabriel India Ltd. Result Update Presentation – Q2 FY17
Gabriel India Ltd. Result Update Presentation – Q2 FY17
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India 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 t
Slide 3: Strong Performance in Q2 FY17
Strong Performance in Q2 FY17 Revenue EBITDA EBITDA Margin% Rs. 3,938 Mn Rs. 376 Mn 9.5% +5% +13% +60 bps PBT Net Profit Rs. 300 Mn Rs. 213 Mn +19% +10% Note: Q2 FY17 Compared with Q2 FY16 3
Slide 4: Strong Performance in H1 FY17
Strong Performance in H1 FY17 Revenue EBITDA EBITDA Margin% Rs. 7,642 Mn Rs. 718 Mn 9.4% +7% +12% +50 bps PBT Net Profit Rs. 561 Mn Rs. 407 Mn +18% +11% Note: H1 FY17 Compared with H1 FY16 4
Slide 5: Key Highlights
Key Highlights 01 Revenue led by Higher Volumes across all the segments 02 Improved Product Mix has helped to control RM Cost Cost Efficiency and Lower Interest 03 Payouts enabling EBITDA and PBT margins improvement 5
Slide 6: Revenue Mix
Revenue Mix Segment – Mix Channel – Mix 4% 5% 12% 11% 13% 12% 28% 31% 83% 83% 61% 58% Q2 FY16 Q2 FY17 Q2 FY16 Q2 FY17 Commercial Vehicles Exports Passenger Car Replacement 2W OE 6
Slide 7: Improving Dividend Profile
Improving Dividend Profile Dividend Per Share (Rs.) 1.2 1.05 • Continuous Dividend since 0.85 1998 0.75 • Stable Payout Ratio 0.5 0.5 0.45 • Declared Interim Dividend of Rs. 0.45 per share, amounting to 45% of Face Value. FY11 FY12 FY13 FY14 FY15 FY16 H1 FY17 15% 21% 32% 33% 31% 23% Pay out Ratio 7
Slide 8: Profit & Loss Highlights
Profit & Loss Highlights % of % of % of % of Rs. Mn Q2 FY17 Q2 FY16 H1 FY17 H1 FY16 Revenue Revenue Revenue Revenue Revenue 3,938 100.0% 3,752 100.0% 7,642 100.0% 7,171 100.0% Raw Material 2,807 71.3% 2,690 71.7% 5,450 71.3% 5,150 71.8% Employee Expenses 313 7.9% 285 7.6% 637 8.3% 551 7.7% Other Exp
Slide 9: Balance Sheet Highlights
Balance Sheet Highlights Rs. Mn 30.09.2016 31.03.2016 Rs. Mn 30.09.2016 31.03.2016 Non-current assets 2,955 2,997 Shareholder’s Fund 4,111 3,799 Fixed assets 2,698 2,746 Share capital 144 144 Long-term loans and advances 256 236 Reserves & Surplus 3967 3,656 Non-current Investments 0 0 Non-current l
Slide 10: Quarterly Performance Trend
Quarterly Performance Trend # # Revenue EBITDA EBITDA Margin% (Rs.Mn) 3,938 376 10.0% 3,752 355 342 9.5% 3,704 334 336 9.2% 9.2% 3,662 8.9% 3,548 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 FY16 FY16 FY16 FY17 FY17 FY16 FY16** FY16 FY17 FY17 FY16 FY16** FY16 FY17 FY17 PBT Before Exceptional Item &
Slide 11: Industry Awards
Industry Awards Gabriel won 2 awards at annual ACMA (Automotive Component Manufacturers Association of India) conference in Delhi for the year 2016 : 1. Gabriel-Parwanoo won the Silver Trophy in HR Excellence 2. Gabriel-Pune won the Bronze Trophy in Supplier Development 11
Slide 12: Industry Awards
Industry Awards Gabriel Parwanoo Quality Circle Team “Lakshya” has won the Gold Award at the International Quality Circle Competition, held in Bangkok 12
Slide 13: Business Overview
GABRIEL Business Overview l Opower MAHLE "Mando . <5? o> SPICER Ibtaxata Valeo
Slide 14: Introduction
Introduction Incorporated The company, Gabriel India, in 1961 Experienced Pioneers Of Shock Absorber & Professional Management manufacturing in India Innovation Significant Presence in all Strong R&D with over channels of sales 21 patents filed in OE, Aftermarket and Exports Products & Processes Str
Slide 15: Pioneer of Ride Control Products…
Pioneer of Ride Control Products… 2/3 Wheeler Front Hydraulic Shock Gas Shock Forks Absorbers Absorbers Passenger Car Gas Shock McPherson Cartridges Absorbers Struts After Market across all segments CV & Railways Shock Cabin Seat Absorbers Dampers Dampers 15
Slide 16: …with Diversified Revenue-Mix
…with Diversified Revenue-Mix Revenue (Rs. Mn) Segment - Wise - H1 FY17 2/3 CAGR +13% Wheelers 14,441 14,382 56% 12,866 12,053 11,282 Passenger 9,700 Commercial cars Vehicles 32% 12% 7,642 7,055 Channel - Wise - H1 FY17 Aftermarket OE 14% 82% FY10 FY11 FY12 FY13 FY14 FY15 FY16 H1 FY17 Exports 4% 16
Slide 17: Strategic Manufacturing Footprint
Strategic Manufacturing Footprint Ashok Leyland SML Isuzu Tata Motors GIL Presence Honda Cars Honda Motorcycles TVS Motors GIL Plants ICML Yamaha India Maruti Suzuki Parwanoo GIL Satellite Locations Suzuki Motorcycles Khandsa AMW GM Sanand Dewas Tata Motors Hindustan Motors Honda Motorcycles Nashik
Slide 18: Strategy Going Ahead
Strategy Going Ahead
Slide 19: Strategic Business Unit Approach…
Strategic Business Unit Approach… 2/3 Wheeler CV & Railways • Quality & Process • Product Technology Technology • New Product Devolvement • Capacity Enhancement Aftermarket Passenger Car • Product Development • Product Innovation • Expanding Reach • Improving Market Share To Derive benefits in Custo
Slide 20: … To Drive Growth
… To Drive Growth Sales Growth • Exports Focus • Inorganic Growth • Global Manufacturing Footprint Efficiency Improvement • Customer Focus Technology & Innovation • Debt Reduction • Improvement in quality • Break Even Point (BEP) • R & D Focus Reduction • Sustainable • Simplification of Parts Manufa
Slide 21: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Rajendran Arunachalam Ms. Payal Dave / Mr. Jigar Kavaiya rajendran.arunachalam@gabriel.co.in payal.dave@