Fiem Industries Limited · NSE:FIEMIND
Fiem Industries — Investor Presentation (September 2017)
41 slides from Fiem Industries's investor presentation, September 2017
Slide 1: Fiem Industries Ltd. — Investor Presentation
Sept.-2017 Fiem Industries Ltd. — Investor Presentation
Slide 2: Summary
2 Summary Company Auto Components LED Financials
Slide 3: Overview: Automotive and LED Segments
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: Turnover (Net) and FY17 Revenue Breakup
4 Turnover (Net) Rs. in million 12,000 10,077 9,775 10,000 8,195 8,000 7,141 5,989 6,000 5,302 4,000 2,000 0 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY17 Revenue Breakup FY 17 Revenue Breakup FY 17 Revenue Breakup FY17 Segment wise Auto Segment - Product Auto Segment - Auto Segment - Sales Breakup Mix E
Slide 5: Company
5 Summary Company Auto Components LED Financials
Slide 6: Company background and incorporation
6 • 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, who is a first generation entrepreneur and is in the automotive lighting business since 1970’s. • FIEM is one of the leading manufacturers of automoti
Slide 7: Mr. J. K. Jain, Chairman & Managing Director
7 Mr. J. K. Jain, Chairman & Managing Director • aged 65 years is the Chairman and Managing Director of our Company. As the chairman and managing director of our Company, he is involved in mentoring the leadership team, advising on business strategies and in various aspects of the Company’s expansio
Slide 8: Whole-time Directors
8 Mr. Rahul Jain, Whole-time Director • aged 30 years, is a whole-time Director of our Company. He has completed his Bachelor of Science and thereafter Management Studies from University of Bradford. He is involved in strategic affairs and corporate planning besides close interaction with customer f
Slide 9: Company milestones 1989-2017
9 2013 - 2017 • 2013 - Entered into a 2008-2012 50:50 JV with Horustech Lighting of • 2010 - Started new Italy for setting up a 2001-2007 manufacturing Unit in design centre Rai, Sonepat (Unit 7) • 2004 &2005- setup mfg • 2015 – Starting • 2011 – Setup facility receiving Tenders from 1994-2000 facil
Slide 10: Plants & Depots Locations
PLANTS & DEPOTS LOCATIONS Ge) Plants & Depots Across India T = We waned kolkata Haagen tiliala ma WL HF ™ T Unit, Hosur (TAMIL NADU) @ Plants © Depots — Kia = Unit-IX, Ahmedabad (GUJARAT) Unit, Mysore (Karnataka) Unit-V, Hosur (TAMIL NADU)
Slide 11: Plant Details
PLANT DETAILS | eran penta tm leanne pei Oi ee nung Ts ‘ . c/ Unit-1 Kundli, Sonepat, Unit-2Hosur, Tamil Nadu i) =e 7 = ee lebba Unit -3 Hosur, Tamil Nadu Unit - 4 Mysore, Wy Light Up The World Unit -5 Hosur, Tamil Nadu Haryana Karnataka + Established in 1994 + Establishedin 2004 + Established in 20
Slide 12: State of the art R&D Centre
12 • FIEM’s state of the art R&D Centre 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 Scie
Slide 13: Automotive LED Lamp Journey
AUTOMOTIVE LED LAMP JOURNEY Ww Light Up The World LED Front Position Lamp LED Tail Lamp LED Tail Lamp - Bike LED RC Lamp LED Tail Lamp -Trucks LED Blinker LED RC Lamp-Trucks | 2010 | LED CHMSL P2009 aa TWS Motor TVS MOTOR, TATAMOTOR LED Side Marker i LED Front Position Lamp Tee nsraok | _2007_| as S
Slide 14: Automotive LED Lamp Journey
AUTOMOTIVE LED LAMP JOURNEY % GE LED Tail Lamp, LED Blinker LED Indicators LED Roof Lamp LED Outline Marker LED Side Marker LED License Lamp = tua LED Dri LED Fog Lamp ‘TVS MOTOR, DAIMLER, LED Position Lamp LED Tail Lamp HARLEY DAVIDSON, LED Reading Lamp - ‘SUZUKI MOTORCYCLES: LED parking Lamp E a7
Slide 15: Strong Client Base, Manufacturing Edge, Diversified Portfolio
15 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
16 MORE THAN 50+ AWARDS SINCE 1991 • Performance Award (VA-VE) for the year 2016-17 from Suzuki Motor Cycle India Private Limited • Achievement Award for Strong Cost Reduction Efforts for 2015-16 from Honda Motorcycle & Scooter India Pvt. Ltd. • The Grand Award for QCDDM 2013-14 from Honda Motorcycl
Slide 17: Government Approvals and Accreditations
17 Government Approved R&D Center Approval from Ministry of Railway MNRE Approved Solar Lantern NABL Accreditation for Photometry Laboratory
Slide 18: Auto Components
18 Summary Company Auto Components LED Financials
Slide 19: Automotive Lighting and Signalling Equipments
19 FIEM is one of the most renowned names in Automotive Lightings & Automotive Light Contribution (Rs. In mn) Signalling Equipments with the history of around four decades. The company is associated with some of the most prestigious OEM customers in India. 7,000 6,191 7,016 5,925 • Automotive Lighti
Slide 20: Automotive Lights & Rear View Mirrors
AUTOMOTIVE LIGHTS & REAR VIEW MIRRORS ata) < @ we ok HONDA Activa-Head Activa-Tail snipe Shine-Blinker Activa-Rear Lamp Lamp Light View Mirror TVS a ~ Scooty-Head Apache-Tail Star Sports Scooty Pep Lamp Lamp Blinker Light Rear View Mirror TATA Indica-Head Sumo-Tail Safari-Roof Sumo-Blinker Tata Esta
Slide 21: Rear-View Mirror
21 • Rear-View Mirror – FIEM has four state-of-the-art mirror manufacturing Rear View Mirror Contribution (Rs. In mn) plants in its different units having all the processes in-house which includes: Mirror Plate Making - Profile cutting, Washing, Grinding, Convexing, 1600 1,502 Cleaning, Aluminium
Slide 22: Plastic Moulded Parts
22 • Plastic Moulded Parts – Plastic moulding is integral part of automotive Plastic Moulded Parts Contribution (Rs. In mn) lamps as well as rear view mirrors, as these parts are required to make final assembly of all the products. 1,364 • FIEM has installed world class more than 450 latest injectio
Slide 23: Others: Sheet Metal Parts
23 Others Automotive Segment Include items contributing less than 10% of Others Contribution (Rs. In mn) Total Sale, mainly includes Fabrication items etc. 866 • Sheet Metal Parts (fabrication Item) – FIEM has full fledged sheet metal 900 fabrication facilities as well as Mudguard rolling plants for
Slide 24: Supplies to Honda Japan
24 • 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: FY17 Top Clientele Contribution – Automotive Segment
25 Two wheeler segment (Domestic)- FY17 Top Clientele Contribution – Automotive Segment 3.84% 9.41% 4.40% Two wheeler segment (Global Customers) 0.75% 3.80% 45.00% Four wheeler segment (Domestic)- 9.20% 23.60% HONDA MOTORCYCLE TVS MOTOR COMPANY REPLACEMENT MARKET SUZUKI Motorcycle MAHINDRA Two Wheel
Slide 26: LED
26 Summary Company Auto Components LED Financials
Slide 27: Diversification into LED Segment
27 • After strengthening its position in the Automotive Industry, FIEM has already LED Luminairies diversified into LED Segment having two major product categories as under: • LED luminaires for indoor and outdoor applications • Integrated Passenger Information Systems with LED Display for Railways
Slide 28: LED Luminaires: Indoor and Outdoor
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: Our Customers - LED Luminaires
OUR CUSTOMERS - LED LUMINAIRES if a HYATT === REGENCY) J} Ministry of Shipping ) Hyatt Regency Ministry of Shipping (Govt. of India) Y Reh Rashtriya Chemicals & Fertilizers Ltd. (A Government of India Enterprise) Indian Trade Promotion CG) Organisation rc : Z innovation « Service » Excaience | HONDA
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: Railway Stations where IPIS Systems Installed
31 Railway Stations where IPIS Systems Installed / Under Installation • Delhi – Anand Vihar, Delhi Sarai Rohilla • Goa – Sanvordem • Haryana - Hisar, Bhiwani, Faridabad • Rajasthan - Bikaner, Lalgarh, Suratgarh, Hanuman Garh, Sri Ganganagar, Chittorgarh • Uttar Pradesh - Lucknow Main Station, Varana
Slide 32: IPIS for Railway Coaches, Buses and Other Clients
32 Railway Coaches for GPS Based PIS System for Indian Railway • Delhi – Bikaner Superfast Express IPIS Systems for Buses • DTC Buses, Haryana Roadways, U.P. Roadways, Gujarat State Road Transport (Ahmedabad). • Delhi Public School, GD Goenka School, PP International School, Dynasty International Sc
Slide 33: Financials
33 Summary Company Auto Components LED Financials
Slide 34: Consolidated Profit and Loss Summary
34 Particulars (INR Mn) FY13 FY14 FY15 FY16 FY17 Total Income* 6,068 7,212 8,264 9,891 10,235 Expenses 5,361 6,321 7,227 8,609 9,010 EBITDA 707 891 1,037 1,282 1,225 EBITDA Margin 11.65% 12.35% 12.55% 12.96% 11.97% Exceptional Item – – – – 142 Depreciation & Amortization 183 218 307 331 393 Finance
Slide 35: Consolidated Balance Sheet
35 Particulars (INR Mn) FY15 FY16 FY17 Particulars (INR Mn) FY15 FY16 FY17 EQUITY AND LIABILITIES ASSETS Shareholders Fund Non Current Assets Share Capital 120 120 131 Fixed Assets 3,391 4,276 4,985 Reserve and Surplus 2,153 2,612 4,105 2,273 2,732 4,236 Non Current Investment 0 0 0 Total Shareholde
Slide 36: Standalone Profit and Loss Summary
36 Particulars (INR Mn) FY13 FY14 FY15 FY16 FY17 Q1 FY18** Total Income* 6,025 7,190 8,257 9,880 10,222 2,925 Expenses 5,323 6,299 7,223 8,600 9.000 2,600 EBITDA 702 891 1,034 1,280 1,222 325 EBITDA Margin 11.70% 12.40% 12.52% 12.95% 11.95% 11.11% Exceptional Item – – – – 142 – Depreciation & Amorti
Slide 37: Standalone Balance Sheet
37 Particulars (INR Mn) FY15 FY16 FY17 Particulars (INR Mn) FY15 FY16 FY17 EQUITY AND LIABILITIES ASSETS Shareholders Funds Non Current Assets Share Capital 120 120 132 Fixed Assets 3,388 4,273 4,984 Reserves & Surplus 2,153 2,611 4,102 Non Current Investment 4 7 7 Total - Shareholders Funds 2,273 2
Slide 38: Total Income, EBITDA, Net Profit and Efficiency Ratios
38 Total Income & EBIDTAM% (Rs. In mn) Net Profit (Rs. In mn) 700 600 572 500 423 374 400 329* 300 273 211 200 100 0 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 *FY17 impacted by demonetization and Includes Exceptional loss of Rs. 142 mn EBITDA (Rs. In mn) Efficiency Ratio ROE ROCE 1400 1,280 25.00% 22.28%
Slide 39: Debt/Equity, Book Value, Dividend and Working Capital Days
39 Gross Debt/Equity Book Value Per Share 350 1.4 311 1.2x 300 1.2 250 1 1.2x 217 200 178 0.8 153 0.9x 0.65x 0.54x 150 129 0.6 0.55x 109 100 0.4 50 0.2 0 0 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 FY 12 FY 13 FY 14 FY 15 FY 16 FY 17 Dividend Per Share Working Capital Days 8.00 8 8 40 7 7.00 35 33 6 6.00
Slide 40: Fiem Industries Limited – Disclaimer
40 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 41: Light Up The World
Ga Light Up The World
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