Slide 1: Minda Corporation Limited Q2 FY2015 Consolidated Earnings Presentation
Safety, Security and Restraint Systems Minda Corporation Limited (NSE: MINDACORP) Driver Information and Telematics Systems Q2 FY2015 Consolidated Earnings Presentation November 14, 2014 Interior Systems 1 Minda Corporation – Q2 FY2015 Earnings Presentation
Slide 2: Cautionary Statement
Cautionary Statement 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
Slide 3: Financial Highlights
Financial Highlights Highlights – Q2 FY2015 vs. Q2 FY2014 Total Revenue increased by 25.2% Y-o-Y to Rs. 4,846 million EBITDA increased by 65.7% Y-o-Y to Rs. 454 million; margins expanded by 230 bps Profit after Tax increased by 87.2% to Rs. 217 million, margins expanded by 150 bps Net Debt o
Slide 4: Recent Corporate Developments
Recent Corporate Developments • On November 14, 2014, the board of Minda Corporation announced an issue of bonus shares in the ratio of 1:1. • The board of the company has also decided to split each share of Rs. 10/- face value into 5 shares of Rs. 2/- face value. • To cater to the increased demand,
Slide 5: Recent Corporate Developments
Recent Corporate Developments Awards and Recognition Minda Corporation – Pantnagar Minda Corporation and Minda SAI Minda SAI receives Best receives Special Quality Award receive Design & Development Supplier Award from Mahindra from Bajaj Auto Limited Award from Maruti Suzuki India Ltd Corporate Soc
Slide 6: Industry Overview
Industry Overview Passenger Vehicles – Domestic Production Commercial Vehicles – Domestic Production 3.1% 5.0% 10.0% 6.2% 4.8% 0.0% 1.8% (5.0%) 0.0% (8.0%) (10.0%) (15.0%) (19.7%) (10.0%) (21.3%) (7.0%) (20.0%) (22.1%) (15.4%) (20.0%) (25.0%) Q3 CY13 Q4 CY13 Q1 CY14 Q2 CY14 Q3 CY14 Q3 CY13 Q4 CY13 Q
Slide 7: Financial Performance
Financial Performance Key Financial Statistics Q2 y-o-y Q1 q-o-q Half Year y-o-y (Rs. Million) FY2015 FY2014 Growth (%) FY2015 Growth (%) FY2015 FY2014 Growth (%) Total Revenue 4,846 3,872 25.2% 4,584 5.7% 9,429 7,397 27.5% EBITDA 454 274 65.7% 416 9.2% 871 526 65.5% Margin (%) 9.4% 7.1% 9.1% 9.2% 7
Slide 8: Financial Performance
Financial Performance Revenue (Rs. million) EBITDA (Rs. million) and Margin (%) 454 410 416 324 274 8.2% 9.0% 9.1% 9.4% 7.1% Q2 FY14 Q3 FY14 Q4 FY14 Q1 FY15 Q2 FY15 Note: 1. Profit from associates have been re- categorized as income from non core activities 2. EBITDA for Q4 FY2014 includes lease inc
Slide 9: Revenue Metrics
Revenue Metrics Revenue Breakdown by Product Category Revenue Breakdown by Businesses Revenue Breakdown by Geography Revenue Breakdown by End User Market* *Q2 FY2015 9 Minda Corporation – Q2 FY2015 Earnings Presentation
Slide 10: Capital Structure
Capital Structure Particulars (Rs. million) 30 Sep 14 30 Jun 14 Net Debt / EBITDA(x) & Total Debt / Net Worth(x) Short Term Borrowings 2,169 2,167 3.1x 3.3x Long Term Borrowings 2,155 2,383 Total Debt 4,324 4,550 1.8x 1.4x 1.15x 1.20x Less: Cash & Cash 0.96x 462 498 0.68x Equivalents Net Debt / (Net
Slide 11: Minda Corp: Company Overview
Minda Corp: Company Overview • Leading automotive component and flagship company of SPARK MINDA, Ashok Minda Group, which was founded in 1958 by Late Shri S. L. Minda • A diversified product portfolio that encompasses Safety, Security & Restraint Systems (43%); Driver Information & Telematics System
Slide 12: Minda Corp: Global Footprint
Minda Corp: Global Footprint Europe (3) India (24) South East Asia (3) Russia Japan Poland (1) Delhi / NCR (1) (1) Uttarakhand (9) (3) Vietnam MP (1) (1) Germany Maharashtra (1) (6) Indonesia (1) Manufacturing Facilities Tamil Nadu (5) Representative offices Driver Information Safety and Security In
Slide 13: Minda Corporation Limited
Minda Corporation Limited (CIN: L74899DL1985PLC020401) Ajay Sancheti asancheti@minda.co.in Minda Corporation +91 124 4698400 Corporate Office: D-6-11, Sector-59, Noida -201301, Distt. G.B. Nagar U.P. (India). Phone: +91 120 4787100; Fax: +91 120 4787200 Deepak Balwani Registered Office: 36A, Rajasth