Fiem Industries Limited · NSE:FIEMIND
Fiem Industries — Investor Presentation (February 2016)
40 slides from Fiem Industries's investor presentation, February 2016
Slide 1: Fiem Industries Ltd. – Investor Presentation
Slide 2: Summary
2 Summary Company Auto Components LED Financials
Slide 3: Overview
3 • Fiem Industries Ltd. (FIEM) was founded and incorporated in 1989 by Mr. J.K. Jain. • The Company was listed on BSE and NSE in 2006. • FIEM is one of the leading manufacturers of Automotive Lighting & Signalling Equipments and Rear Overview View Mirrors in India. FIEM is among first companies in
Slide 4: FY15 Turnover and Revenue Breakup
4 FY15 Turnover (Net) Rs. in million FY15 Turnover (Gross) Rs. in million FY15 Revenue Breakup FY 15 Revenue Breakup FY 15 Revenue Breakup Product Mix Exports / OEMs / Replacement Market 4 Wheeler / 2 Wheeler Rear View Exports 4.04% Mirrors 9.45% Replacement 5.60% 4 Wheeler 13.44% Market (Domestic)
Slide 5: Financial and Operational Highlights
5 Financial Highlights: Sales for Dec, 2015 Quarter is Rs. 256 Crore in comparison to Rs 201 Crore of Dec, 2014 Quarter, registering a growth of 27%. Profit after Tax for Dec, 2015 Quarter is Rs. 15.67 Crore in comparison to Rs 10.09 Crore of Dec, 2014 Quarter with a growth of 55%. Sales of LE
Slide 6: Company
6 Summary Company Auto Components LED Financials
Slide 7: Company background
7 • The Company was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989 in New Delhi and was founded by Mr. J.K. Jain, a first generation entrepreneur. • FIEM is one of the leading manufacturers of automotive lighting & signalling equipments and rear view mirrors in In
Slide 8: Chairman and Whole-time Directors
8 Mr. J. K. Jain, Chairman & Managing Director • He is the founder of the Company and is a first generation entrepreneur. He has rich experience over 40 years and is one of the pioneers in the Automotive Lighting Industry in India. He has commenced his business journey since 1970 as a small scale in
Slide 9: Whole-time and Executive Directors
9 Mr. J.S. S. Rao – Whole-time Director •He has an overall experience of over 30 years in automotive lighting and components industry involving manufacturing, operational & business strategic functions. He is on the board of the company and presently responsible for the overseas and South India oper
Slide 10: Chief Financial Officer and Senior Management
10 •He is having experience of over 26 •With 13 Years experience in secretarial & •With around 20 years experience and vast years in the fields of accounts, finance legal field, he is responsible for knowledge in the field of Lighting Electronics R&D & and taxation. He is a member of the secretarial
Slide 11: Company milestones since 1989
11 2013 - 2014 • 2013 - Entered into 2008-2012 a 50:50 JV with • 2010 - Started a Horustech Lighting 2001-2007 manufacturing Unit of Italy for setting in Rai, Sonepat up a design centre • 2004 &2005- setup 1994-2000 (Unit 7) • 2014 - Integrated mfg facilities in • 2011 – Setup Passenger • 1994-A new
Slide 12: Plant Locations
PLANT LOCATIONS Unit 7 Rai, Sonepat (Haryana) Unit 8: Tapukara (Rajasthan) Unit 9: Ahmedabad {Gujarat} _ Y Ge Light Up The World Unit 2: Hosur (Tamil Nadu) Unit 2: Hosur (Tamil Nadu} Unit 5; Hosur (Tamil Nadu)
Slide 13: Plant Details
PLANT DETAILS y Gi Unit-1 Kundli, Sonepat, Unit-2Hosur,TamilNadu _ Unit-3Hosur, TamilNadu = Unit - 4 Mysore, Unit -5 Hosur, Tamil Nadu Haryana Karnataka + Established in 1994 + Established in 2004 + Established in 2005 + Established in 2005 + Establishedin 2006 + Land 16,588 Sq. Mtrs. + Land12,505 S
Slide 14: R&D capabilities
14 • FIEM’s state of the art R&D Unit offers its clients design and development capabilities in Automotive Lighting & Signalling Equipments and Rear View Mirrors which meet the specifications of the clients requirements. • Government of India, Ministry of Science and Technology, Department of Scienc
Slide 15: Strong client base and manufacturing edge
14 Strong Client Base • FIEM has a strong client base of more than 50 OEMs and is supplying to its prestigious customers since their inception. • Significant market share for supply of automotive lighting & signalling equipments and rear view mirrors to Two-wheeler and Four- wheeler OEM's • Exportin
Slide 16: More than 50 awards since 1991
15 MORE THAN 50+ AWARDS SINCE 1991 • The Grand Award for QCDDM 2013-14 from Honda Motorcycle and Scooter India Ltd.-2014 • Achievement Award for Vendor Performance in the field of 'Development' in the year 2013-14 from Suzuki Motor Cycle India Private Limited-2014 • Bellwether Award 2012-13 in Auto
Slide 17: Government approvals and certifications
17 Government Approved R&D Center Approval from Ministry of Railway MNRE Approved Solar Lantern Approval from PWD, Haryana for LED products
Slide 18: Auto Components
18 Summary Company Auto Components LED Financials
Slide 19: Automotive Lighting
19 FIEM is one of the most renowned names in Automotive Lightings & Automotive Light Contribution Signalling Equipments with the history of around four decades. The company is associated with some of the most prestigious OEM customers in India. • Automotive Lighting - In the automotive components se
Slide 20: Automotive Lights & Rear View Mirrors
AUTOMOTIVE LIGHTS & REAR VIEW MIRRORSY Gea < @ eh we ors Activa-Head Activa-Tail Eterno-Blinker Shine-Blinker Activa-Rear Lamp Lamp Light Light View Mirror mse = Apache-Head Scooty-Head Apache-Tail Star Sports Scooty Pep Lamp Lamp Lamp Blinker Light Rear View Mirror AB Sumo-Blinker Tata Estate/Sierr
Slide 21: Rear View Mirrors
21 • Rear-View Mirror – FIEM has four state-of-the-art mirror manufacturing Rear View Mirror Contribution plants in its different units having all the processes in-house which includes: Mirror Plate Making - Profile cutting, Washing, Grinding, Convexing, Cleaning, Aluminium coating/Chrome coating
Slide 22: Plastic Moulded Parts
22 • Plastic Moulded Parts – Plastic moulding is integral part of automotive Plastic Molded Parts Contribution lamps as well as rear view mirrors, as these parts are required to make final assembly of all the products. • FIEM has installed world class more than 450 latest injection moulding machines
Slide 23: Sheet Metal Parts and Others
23 Others Include items contributing less than 10% of Total Sale, mainly Others Contribution includes Fabrication items, LED products, etc. • Sheet Metal Parts (fabrication Item) – FIEM has full fledged sheet metal fabrication facilities as well as Mudguard rolling plants for manufacturing Front and
Slide 24: Supplies to Honda Japan
23 • In 2012, FIEM commenced their supplies to Honda Japan for Honda Integra 4-670CC 670cc Integra-4 Motorcycle which includes all lamps such as Head lamps, RC Lamps, Blinker lights etc. and become global supplier to Honda. • FIEM also supplying through Honda Trading to Honda Vietnam and Honda Thail
Slide 25: FY15 Top Clientele Contribution
25 Two wheeler segment (Domestic)- FY15 Top Clientele Contribution 2.53% 2.87% 8.76% 2.84% 3.00% 44.50% 9.50% Two wheeler segment (Global Customers) 26.00% Four wheeler segment (Domestic)- HONDA MOTORCYCLE TVS MOTOR COMPANY REPLACEMENT MARKET SUZUKI Motorcycle MAHINDRA Two Wheeler Eicher Royal Enfie
Slide 26: LED
26 Summary Company Auto Components LED Financials
Slide 27: LED diversification and in-house capabilities
27 • After strengthening its position in the Automotive Industry, FIEM has already LED Luminairies diversified into two more additional segments: • LED luminaires for indoor and outdoor applications • Integrated Passenger Information Systems with LED Display for Railways and Buses • FIEM has in-hous
Slide 28: LED Luminaires: indoor and outdoor lights
28 FIEM manufactures the following types of LED Luminaires: Indoor LED Lights • LED Bulbs • LED Tubes Ceiling Lights • LED Ceiling Lights • LED Down Lights • LED Solar Lanterns • LED Torches LED Tubes LED Bulbs LED Torches Down Lights • Applications - Commercial, Industrial, Residential and other bu
Slide 29: Fiem LED Bulb vs CFL vs Incandescent
29 Fiem LED Bulb CFL Incandescent Bulbs Life Expectancy >35,000hrs 8,000hrs 1,200hrs Watt 7watts 13-15watts 60watt Kwh of electricity 350 700 3,000 used in 50,000hrs Hazardous None 5mg mercury/bulb None Material Color Rendition Wide range of color Restricted color Restricted color Dimmability Yes Re
Slide 30: Integrated Passenger Information System with LED Display
30 • Integrated Passenger Information System with LED Display (IPIS or PIDS) is an LED Integrated Passenger Information System electronic information system which provides real-time passenger Railway information. • Passenger information delivered in relevant locations along the bus route is an impor
Slide 31: LED Lighting in India: Opportunity
LED LIGHTING IN INDIA; OPPORTUNITY ED eee INTERVIEW Excerpts from Interview of Mi Director, EESL With LED WORLD Magazine Jan-feb’2015 Issue MAKE IN INDIA initiative rolling for the LED industry as well LW: wi (nv ania? your views oe the LED maghat Mr. Saurabh Kumar: let's talk about the two importan
Slide 32: Financials
32 Summary Company Auto Components LED Financials
Slide 33: Consolidated Profit and Loss
33 Particulars (INR Mn) FY11 FY12 FY13 FY14 FY15 Total Income* 4,279 5,354 6,068 7,211 8,264 Expenses 3,900 4,675 5,361 7,227 6,321 EBITDA 379 680 707 1,037 891 EBITDA Margin 8.85% 12.70% 11.65% 12.35% 12.55% Depreciation & Amortization 130 169 183 307 218 Finance Cost 95 208 130 121 145 PBT 154 303
Slide 34: Consolidated Balance Sheet
34 Particulars (INR Mn) FY14 FY15 Particulars (INR Mn) FY14 FY15 Share holders Fund Non Current Assets Share Capital 120 120 3,131 3,391 Fixed Assets Reserve and Surplus 1,849 2,153 0 0 1,969 2,273 Non Current Investment Total Shareholders Fund 55 77 Non Current Liability Long term Loan and Advances
Slide 35: Standalone Profit and Loss
35 Particulars (INR Mn) FY11 FY12 FY13 FY14 FY15 9 Month FY16 Total Income* 4,213 5,339 6,025 7,190 8,257 6,994 Expenses 3,831 4,659 5,323 6,299 7,223 6,108 EBITDA 382 680 702 891 1,034 886 EBITDA Margin 9.10% 12.70% 11.70% 12.40% 12.52% 12.67% Depreciation & Amortization 130 169 183 218 306 242 Fin
Slide 36: Standalone Balance Sheet
36 Particulars (INR Mn) FY14 FY15 30.09.15 Particulars (INR Mn) FY14 FY15 30.09.15 EQUITY AND LIABILITIES ASSETS Shareholders Funds Non Current Assets Share Capital – Equity 120 120 120 Fixed Assets 3,130 3,388 3,752 Reserves & Surplus 1,851 2,153 2,374 Non Current Investment 1 4 4 Total - Sharehold
Slide 37: Revenue, Net Profit and EBITDA
37 Total Revenue & EBIDTAM% Net Profit EBITDA Efficiency Ratio
Slide 38: Debt/Equity, Book Value, Dividend, Working Capital Days
38 Gross Debt/Equity Book Value Per Share Dividend Per Share Working Capital Days
Slide 39: Fiem Industries Limited disclaimer
39 Fiem Industries Limited No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not cur
Slide 40: 40
40
Fiem Industries — Investor Presentation (February 2016) on 6ix