Cie Automotive India Ltd · NSE:CIEINDIA
Cie Automotive India — Mahindra CIE Automotive — Q2 CY19 Earnings Presentation
28 slides from Cie Automotive India's earnings presentation, Jul 19, 2019
Slide 1: Cover letter to stock exchanges
mahindra C I E Mahlndra CIE Automotive Ltd Mahindrl Towers 1 Floor Dr G M Bhosale Marg Worl~ Mumba~400 018 Indla Tel +91 22 24931449 Fax +912224915890 www rnah~ndraclecorn rncle ~nveslor&!~&hindraclecorn 19'" July, 2019 BSE Limited National Stock Exchange of India Limited Corporate Relationship Depa
Slide 2: Investor Presentation Q2 CY19 Results
Investor Presentation Q2 CY19 Results Mahindra CIE Automotive Limited 19th July 2019 │ Mumbai 1
Slide 3: Disclaimer
Mahindra ClE Disclaimer Mahindra CIE Automotive Limited, herein referred to as MCAL provides a wide array of presentations and reports, with the contributions of various professionals. These presentations and reports are for informational purposes and private circulation only and do not constitute a
Slide 4: MCIE India Q2 CY2019 Results
MCIE India Q2 CY2019 Results Market Update (Production) Financial Update Apr-Jun 2019 Apr-Jun 2019 v/s v/s Apr-Jun 2018 Jan-Mar 2019 (INR Mio) Apr-Jun Change Apr-Jun Jan-Mar 2019 2018 2019 PV -15.3% -11.9% Source: SIAM, TMA Sales 9,236 +15% 8,024 7,936 UV -2.2% -9.8% (without Excise) EBITDA (*) 1,21
Slide 5: MCIE India H1 CY2019 Results
MCIE India H1 CY2019 Results Financial Update Market Update (Production) (INR Mio) Jan-Jun 2019 Change Jan-Jun 2018 Jan-Jun 2019 v/s Jan-Jun 2018 Source: SIAM, TMA Sales 17,172 +9% 15,780 PV -11.1% (without Excise) UV -1.3% EBITDA (*) 2,510 +3% 2,431 LCV -4.6% EBITDA% 14.6% 15.4% <6T -7.3% Two Wheel
Slide 6: MCIE Europe Q2 CY2019 Results
MCIE Europe Q2 CY2019 Results Financial Update Market Update (Production) (INR Mio) Apr-Jun Change Apr-Jun Jan-Mar 2019 2018** 2019 Source: IHS Global Sales 11,316 -3% 11,632 12,844 Apr-Jun 2019 Apr-Jun 2019 (without Excise) v/s v/s Apr-Jun 2018 Jan-Mar 2018 EBITDA (*) 1,480 -10% 1,653 1,677 Passeng
Slide 7: MCIE Europe H1 CY2019 Results
MCIE Europe H1 CY2019 Results Financial Update Market Update (Production) (INR Mio) Jan-Jun 2019 Change Jan-Jun 2018** Source: IHS Global Sales 24,160 +6% 22,822 Jan-Jun 2019 (without Excise) v/s Jan-Jun 2018 EBITDA (*) 3,157 +2% 3,110 Passenger Vehicles -6.0% EBITDA% 13.1% 13.6% EBIT (*) 2,296 +1%
Slide 8: MCIE Consolidated Q2 CY2019 Results
MCIE Consolidated Q2 CY2019 Results (INR Mio) Apr-Jun 2019 Change Apr-Jun 2018 Jan-Mar 2019 Sales 20,495 +5% 19,546 20,684 (without Excise) EBITDA (*) 2,694 -7% 2,909 2,974 EBITDA% 13.1% 14.9% 14.4% EBIT (*) 1,850 -15% 2,173 2,233 EBIT % 9.0% 11.1% 10.8% EBT 1,735 -11% 1,944 2,130 EBT% 8.5% 9.9% 10.
Slide 9: MCIE Consolidated H1 CY2019 Results
MCIE Consolidated H1 CY2019 Results (INR Mio) Jan-Jun 2019 Change Jan-Jun 2018 Sales 41,179 +7% 38,427 (without Excise) EBITDA (*) 5,668 +2% 5,541 EBITDA% 13.8% 14.4% EBIT (*) 4,083 0% 4,101 EBIT % 9.9% 10.7% EBT 3,865 0% 3,853 EBT% 9.4% 10.0% (*) EBITDA: Net Operating Income + Depreciation, EBIT: E
Slide 10: Other Details
Other Details Other Operating Revenue, Other Income and Exchange rates For Q2 CY19 For H1 CY19 (INR Mio) India Europe Consolidated India Europe Consolidated Other Operating Revenue 505 419 925 1,086 899 1,985 Other Income 64 13 77 213 13 226 Exchange Rates Period INR/ Euro Average for Q2 CY19 79.36
Slide 11: MCIE Consolidated Balance Sheet
MCIE Consolidated CY19 Half Year Results Balance Sheet (INR mio) 30/06/2019 31/12/2018 Fixed Assets 59,743 50,014 Net Working Capital -1,632 949 Total Net Assets 58,112 50,962 Equity 45,074 42,891 Net Financial Debt (*) 11,815 7,255 Others (Net) 1,222 816 Total Equity and Liabilities 58,112 50,962 (
Slide 12: Annexure 1: Results Declared to SEBI
Annexure 1: - Results Declared to SEBI 11
Slide 13: Statement of Profit & Loss Account
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S M AHINDRA CIE AUTOM OTIVE LIM ITED Regd. Offic e : M ahindra Towers, P.K. Kurne Chowk, Worli, M umbai - 400 018. CIN: L27100M H1999PLC121285 Tel: +91 2135 663300 Fax: +91 2135 663407 Website: www.mahindrac ie.c om E-mail: mc ie.investors@mahi
Slide 14: Statement of Profit & Loss Account (cont'd)
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S ( c o n t ’d ) Rs. in M illion STANDALONE Quarter Ended Six M onths Ended Year Ended June 30, 2019 M arc h 31, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Dec ember 31, 2018 Partic ulars Un Audited Un Audited Un Audited Un Audited Un Audit
Slide 15: Statement of Profit & Loss Account (cont'd) - Consolidated
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S ( c o n t ’d ) STATEM ENT OF STANDALONE AND CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER AND SIX M ONTHS ENDED JUNE 30, 2019 Rs.in M illion CONSOLIDATED Quarter Ended Six M onths Ended Year Ended Particulars June 30, 2019 M arch 31, 2019 Ju
Slide 16: Statement of Profit & Loss Account (cont'd) - Consolidated
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S ( c o n t ’d ) Rs.in M illion CONSOLIDATED Q uarter Ended Six M onths Ended Year Ended Partic ulars June 30, 2019 M arc h 31, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Dec ember 31, 2018 Un Audited Un Audited (Refer Note 10) Un Audited (
Slide 17: Statement of Assets & Liabilities
S TAT E M E N T O F A S S E T S & L I A B I L I T I E S Mahindra CIE Automotive Limited Regd. O ffic e : M ahindra Towers, P.K. Kurne Chowk, Worli, M umbai - 400 018. CIN: L27100M H1999PLC121285 Tel: +91 2135 663300 Fax: +91 2135 663407 Website: www.mahindrac ie.c om E-mail: mc ie.investors@mahindra
Slide 18: Statement of Assets & Liabilities (cont'd)
S TAT E M E N T O F A S S E T S & L I A B I L I T I E S ( c o n t ’d ) Statement of Assets and Liabilities Rs . i n Mi l l i on STANDALONE CONSOLIDATED Particulars As at June As at December As at June As at December 30,2019 31,2018 30,2019 31,2018 Un Audited Audited Un Audited Audited B EQUITY AND L
Slide 19: Cash Flow
CASH FLOW Statement of Cash flows for the period January 1, 2019 to June 30, 2019 Rs . i n Mi l l i on STANDALONE CONSOLIDATED Particulars Six months Year ended Six months Year ended ended December 31, ended December 31, June 30, 2019 2018 June 30, 2019 2018 Un Audited Audited Un audited Audited Cas
Slide 20: Segment Reporting
SEGMENT REPORTING All Companies within the M ahindra CIE Group belong to the s ame bus ines s s egment (Automotive) and two geographical s egments , India and Europe as pres ented below: Rs . in M illion CONSOLIDATED Q uarter Ended S ix M onths Ended Year Ended June 30, 2019 M arc h 31, 2019 June 30
Slide 21: MCIE SEBI Result Notes
M C I E S E B I R E S U LT N O T E S M AHINDRA CIE AUTO M O TIVE LIM ITED Regd. O ffic e : M ahindra Towers, P.K. Kurne Chowk, Worli, M umbai - 400 018. CIN: L27100M H1999PLC121285 Tel: +91 2135 663300 Fax: +91 2135 663407 Website: www.mahindrac ie.c om E-mail: mc ie.investors@mahindrac ie.c om STAT
Slide 22: MCIE SEBI Result Notes - Annexure A
M C I E S E B I R E S U LT N O T E S – A n n e x u r e A M AHINDRA CIE AUTOM OTIVE LIM ITED Regd. Offic e : M ahindra Towers, P.K. Kurne Chowk, Worli, M umbai - 400 018. CIN: L27100M H1999PLC121285 Tel: +91 2135 663300 Fax: +91 2135 663407 Website: www.mahindrac ie.c om E-mail: mc ie.investors@mahin
Slide 23: Annexure 2: Market Overview and Outlook
Annexure 2: Market Overview and Outlook 22
Slide 24: India Market: Key Segments Update - Quarterly
India Market: Key Segments Update - Quarterly Demand Uncertain Market - Production Numbers Cars + UV’s <6T Vehicles** Tractors Two Wheelers Period Units Δ% Units Δ% Units Δ% Units Δ% H1 C19 1,937,701 -7.7 2,260,133 -7.3 378,065 -12.2 11,215,751 -9.9 Q2 C19 903,027 -12.0 1,046,644 -12.0 187,537 -21.3
Slide 25: Market Outlook - India
Market Outlook - India • Light Vehicles (less than 6 Tons) Short Term: IHS forecasts growth at a -4.6% between CY2018-CY 2019 Long term: IHS forecasts growth at a CAGR of 5% over a period of 2019-2024 • MHCVs: Short Term: IHS forecasts growth at a 6.7% between CY2018-CY 2019 Long term: IHS forecasts
Slide 26: Europe Market Update - Quarterly
Europe Market Update - Quarterly Market Sliding Market - Production Numbers Passenger Vehicles (Mn Units) Period C19 Δ% H1 CY 2019 11.11 -6.0% Q2 CY 2019 5.55 -6.9% Q1 CY 2019 5.56 -5.0% Source: IHS Global *Δ% Change means comparison of Quarter volumes of this financial year with that of the same qu
Slide 27: Market Outlook - Europe
Market Outlook - Europe Long Term Growth Stable • EU – Light Vehicles: ‒ IHS Global has forecasted that the Passenger Vehicle production will grow at a slow but steady pace of 0.8% CAGR between C19 to C24 26
Slide 28: Thank you
Thank you 27
Mahindra CIE Automotive — Q2 CY19 Earnings Presentation on 6ix