Lumax Industries Limited · NSE:LUMAXIND
Lumax Industries — Q4 FY2022 Earnings Presentation
54 slides from Lumax Industries's earnings presentation, May 24, 2022
Slide 1: Cover letter to stock exchanges
Lumax LIL:CS:IP:2022-23 Date : 24.05.2022 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 S
Slide 2: Lumax Industries Limited Investor Presentation – Q4 & FY2022
Lumax Industries Limited Investor Presentation – Q4 & FY2022
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 % LUMIX
Slide 5: DK Jain Group
DK Jain Group 3 R&D Centres (India) & 2 31 Seven Decade Design Centres Manufacturing Strong (Taiwan & Czech Facilities Republic) 01 02 03 04 05 06 15 Entities Leader in Over 9,000 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: Purpose, Vision & Values
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: 31 Locations close to Customers
31 Locations close to Customers State Mfg Locations # Haryana Bawal 2 Dharuhera 1 Gurugram 4 Manesar 3 Maharashtra Pune 8 Waluj 2 Karnataka Bengaluru 2 Facilities Location Gujarat Sanand 2 Gurugram, Manesar, R&D Centre Mehsana 1 Pune Taiwan, Czech Design Centre Tamil Nadu Sriperumbudur 1 Republic Co
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 Industries 1956-57: Set-up dedicated unit for
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 Q4 FY22
Customer Mix Q4 FY22 Customer wise Sales Q4FY21 (Rs. 491 Crores)* Customer wise Sales Q4FY22 (Rs. 488 Crores)* Q4 FY21 Q4 FY22 108 , 22% 162 , 33% 97 , 20% 182 , 37% 10 , 2% 16 , 3% 7 , 1% 17 , 4% 42 , 9% 33 , 7% 39 , 8% 51 , 10% 76 , 16% 59 , 12% 45 , 9% 34 , 7% MSIL/SMG HMSI HML M&M MSIL/SMG HMSI
Slide 20: Customer Mix FY22
Customer Mix FY22 Customer wise Sales – FY21 (Rs. 1,375 Crores)* Customer wise Sales – FY22 (Rs. 1,659 Crores)* FY21 FY22 246 , 18% 489 , 36% 330 , 20% 609 , 37% 25 , 2% 50 , 3% 47 , 3% 32 , 2% 130 , 8% 92 , 7% 115 , 8% 148 , 9% 152 , 11% 209 , 15% 139 , 8% 221 , 13% MSIL/SMG HMSI HML M&M MSIL/SMG H
Slide 21: Break-up of Revenue FY22
Break-up of Revenue FY22 Segment Mix LED vs Conventional Product Mix 7% 11% 28% 33% 25% FY22 65% 67% 64% Passenger Vehicle Two Wheeler Commercial Vehicle Conventional Light LED Light Front Lighting Rear Lighting Others 6% 9% 32% 34% 25% 62% 66% 66% FY21 Passenger Vehicle Two Wheeler Conventional Lig
Slide 22: 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 23: 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 22
Slide 24: 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 23 Map not to s
Slide 25: Shareholding as of 31st March 2022
Shareholding as of 31st March 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 26: 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 27: 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 28: 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 29: Professional & Experienced Team
Professional & Experienced Team Mr. Vineet Sahni Mr. Sanjay Mehta Mr. Naval Khanna Mr. Todd Morgan CEO & Sr Executive Director Group CFO Corporate Head – Taxation Chief Technology & Age: 57 years Age: 54 years Innovation Officer Age: 64 years Experience: over 30 Years Experience: 29 Years Age: 55 Ye
Slide 30: The Path Ahead
The Path Ahead 29
Slide 31: 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 32: 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 33: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities 32
Slide 34: In-house R&D & Validation Facility
…In-house R&D & Validation Facility 33
Slide 35: Financials
LUMNX Financials
Slide 36: 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 1,649 1,602 179 1,426 167 143 148 125 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21^II FY22 PAT Cash PAT 168 107 136 111 112 72 82 63 49 17 FY18 FY19^I FY20 FY21^II FY22^III FY18 FY19^I FY20 FY2
Slide 37: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Standalone Results Gross Block Long Term Loan 1,400 76 1,214 1,252 973 1,047 53 5 3 0 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Capex Long Term Debt / Equity 162 167 0.18 149 0.14 94 42 0.02 0.01 0.00 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY2
Slide 38: 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 57.6 135 70 18.2 FY18 FY19^ FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 ^ Total
Slide 39: Standalone P&L Statement
Standalone P&L Statement Particulars (Rs. in Crores.) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Manufacturing Revenue 488.1 490.7 1,659.0 1,375.4 Molds Revenue 61.3 13.7 92.3 50.6 Total Operating Revenue 549.4 504.4 8.9% 1,751.3 1,426.0 22.8% Other Income 3.5 15.9 13.4 25.2 Total Income 552.9 520.3 6.3%
Slide 40: 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 41: Standalone Cash Flow Statement
Standalone Cash Flow Statement Particulars (Rs in Cr) FY22 FY21 PBT 46.1 31.5 Adjustments 81.9 87.4 Operating profit before working capital changes 128.0 118.9 Changes in working capital -9.7 -46.6 Cash generated from operations 118.3 72.4 Direct taxes paid (net of refund) 10.3 -3.8 Net Cash from Op
Slide 42: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q4 FY22 Q4 FY21 Y-o-Y FY22 FY21 Y-o-Y Manufacturing Revenue 488.1 490.7 1,659.0 1,375.4 Molds Revenue 61.3 13.7 92.3 50.6 Total Operating Revenue 549.4 504.4 8.9% 1,751.3 1,426.0 22.8% Other Income 3.5 15.9 13.4 25.2 Total Income 552.9 520.3 6.
Slide 43: 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 44: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs in Cr) FY22 FY21 PBT 52.8 33.1 Adjustments 75.2 85.9 Operating profit before working capital changes 128.0 118.9 Changes in working capital -9.7 -46.6 Cash generated from operations 118.3 72.4 Direct taxes paid (net of refund) 10.3 -3.8 Net Cash from
Slide 45: Awards & Recognitions
wumnax” Awards & Recognitions DK JAIN GROUP
Slide 46: 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 47: 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 Won the O
Slide 48: 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 49: ACMA Atmanirbhar Excellence Awards
ACMA Atmanirbhar Excellence Awards The Company has bagged 3 Awards at the ACMA Atmanirbhar Excellence Awards 2021 in March 2022. 48
Slide 50: 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 51: 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 52: CSR Initiatives
CSR Initiatives Social Initiatives by Lumax group towards ‘Quality Education’ for the society 51
Slide 53: CSR Initiatives
CSR Initiatives Social Initiatives by Lumax group towards ‘Good Health’ for the society 52
Slide 54: 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.