Minda Corp. Ltd. · NSE:MINDACORP
Minda — Shareholder Meeting (July 2022)
24 slides from Minda's shareholder meeting presentation, Jul 28, 2022
Slide 1: 37th Annual General Meeting 28th July 2022
Minda Corporation Limited 37th Annual General Meeting 28th July 2022
Slide 2: Annual General Meeting agenda
Tesla’s 3 Pronged Approach Annual General Meeting Minda Corporation – At a Glance Significant Events in FY2022 Industry and Company Performance R&D based Technological Push Key Focus Areas
Slide 3: Minda Corporation - At a Glance
Minda Corporation - At a Glance
Slide 4: SPARK MINDA - Kaleidoscope
SPARK MINDA - Kaleidoscope Leading Automotive Component Supplier – Since 1958 16,000+ 7 WORKFORCE PARTNERSHIPS 33 PLANTS/OFFICES INR 35,538 million 14 13 REVENUE* INDIA NORTH INDIA WEST 3 3 INDIA SOUTH ASEAN VISION To be a dynamic, innovative and profitable global automotive organization for emerging
Slide 5: Schematic Representation of Minda Corporation
Schematic Representation of Minda Corporation Promoter Share Holding Public & Other Share Holding 64.7% 35.3% Minda Corporation Limited Overseas Domestic Operations India JV’s (100% owned) ⚫ Safety Security Division ⚫ ASEAN Group ⚫ Die Casting Division ⚫ Minda VAST (50%) ⚫ Starter Motors & Alternato
Slide 6: Key Products across various Business Verticals
Key Products across various Business Verticals Mechatronics Information & Connected Systems Plastics & Interiors Aftermarket (Business Vertical1) ( Business vertical 2 ) ( Business vertical 3 ) ( Business vertical 4 ) Ignition Keyless Speedometer Cup Holder Switch Cum entry Spares of BV1 &BV2 Steeri
Slide 7: Key Customers
Key Customers Commercial & Off 2-3 Wheelers Passenger Vehicles Other Market Highway Vehicles EV Customers Page 7 of 24
Slide 8: ESG as Core of Business
ESG as Core of Business Page 8 of 24
Slide 9: Significant Events in FY2022
Significant Events in FY2022
Slide 10: FY2022 in Review
FY2022 in Review • Revenue continued to grow better than the industry despite challenging macro – economic scenario Total 28 Patents Quarter • Received a strong lifetime order of ₹2,378 million from an electric vehicle manufacturer filed in FY22 • New businesses won exceeded replacement business for
Slide 11: Important Achievements of FY 2022
Important Achievements of FY 2022 New Product Collaborations Development Introduce range of Artificial TLA with Israel based Intelligence-enabled Collision company for two- Avoidance Technology products Development of path breaking Key wheeler ADAS for 2W’s in India less entry solution Demand for an
Slide 12: Industry & Company Performance
Industry & Company Performance
Slide 13: Indian Automotive Industry Performance – FY22
Indian Automotive Industry Performance – FY22 Commentary • Full year saw some recovery due to a low base of previous period, yet industry volumes Auto Industry are still below pre-pandemic level 1.2% 23.62 23.89 • PV, CV, and 3W’s registered an uptick in (3.5)% performance, albeit, over a low year-a
Slide 14: Consolidated Performance – Q4 & FY22
Consolidated Performance – Q4 & FY22 Q4 FY22 Q4 FY22 Including Including FY21 (Rs. Million) Without MIL FY21 Without MIL MIL* MIL* Operating Revenue 9,478 8,095 7,941 29,759 28,376 23,679 Growth% 19.4% 25.7% EBITDA 1,077 882 890 2,946 2,751 2,170 Margin(%) 11.4% 10.9% 11.2% 9.9% 9.7% 9.2% Profit Bef
Slide 15: Consolidated Leverage Position
Consolidated Leverage Position Particulars (Rs. mn) Mar 31st, 2022 Mar 31st, 2021 Net Worth 13,301 11,466 Gross Debt 3,913 4,832 Less: Cash & Cash Equivalents (Inc. FDR) 3,360 4,993 Net Debt 553 (161) Net Debt / Net Worth 0.04x - ROCE Annualised Particulars Mar 31st, 2022 Mar 31st, 2021 (excluding Q
Slide 16: Our Technological Push: Research & Development Capabilities
Our Technological Push: Research & Development Capabilities
Slide 17: Engineering Capabilities and Accreditation
Engineering Capabilities Spark Minda Technical Centre, Pune Engineering Capabilities 215+ Electronics Hardware ~ 50 % in last 5 years Total IPs / Patents Filed 300+ Engineers | Embedded Software Embedded Software EMI / EMC Lab, Anechoic Chamber Accreditation ~2.0% of annual revenue Testing, HIL, SIL
Slide 18: Trends Impacting India & Our Offerings
Trends Impacting India & Our Offerings Global Trends Connectivity Autonomous Shared Mobility Electrification Trends Impacting India & Our Offerings Connectivity & Shared Mobility Safety Light-weighting Antennas ITS Connected Airbag Wiring Cylinder Battery Al Die-Casting 2W ADAS Cyber Security Oil Pa
Slide 19: Electric Vehicle: Growth Opportunity
Electric Electric Vehicle: Vehicle: Growth Growth Opportunity Opportunity Most of our Products are Electric Vehicle Agnostic In INR Potential EV Kit Value 16,000-20,000 8,000-10,000 2,000-2,500 2,000-3,000 4,000-4,500 New Product Increase in Increase in under content in Legacy Content content in dev
Slide 20: Key Focus Areas
Key Focus Areas • Strengthening Customer Trust • Digitalization across Processes • Enhanced Employee Engagement • Strengthening Business Operations
Slide 21: Key Focus Areas
Key Focus Areas Strengthening Customer Trust Digitalization across Processes Enhanced Employee Engagement SAP Implementation in WHD SAP implementation will help in better data management, improve Enhanced RFQ Improve Service cost efficiency, enable better analysis Responsiveness Quality Levels Regul
Slide 22: Strengthening Business Operations through Technological Disruption
Strengthening Business Operations through Technological Disruption Technological disruptions shaping the Outcome business Safety Security System Wiring Harness Division • Working on backward integration by setting up ✓ Transform and become complete • Only Indian company with the capability to develo
Slide 23: Value Proposition
ValueProposition Value Proposition High value, Technologically advanced products; Global presence with 30 plants Cost leadership in Manufacturing and Thought leadership position in Technology Offering Advanced Technology products and system solutions in Light weighting, Active Safety, Connected, Ele
Slide 24: Thank You
Thank You Minda Corporation Limited 37th Annual General Meeting 28th July 2022