Sandhar Technologies Ltd. · NSE:SANDHAR
Sandhar Technologies — Q3 FY2022-23 Earnings Presentation
26 slides from Sandhar Technologies's earnings presentation, February 2023
Slide 1: Investor Presentation 9M & Q3 FY-2022-23
INVESTOR PRESENTATION 9M & Q3 FY-2022-23
Slide 2: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), has been prepared by Sandhar Technologies Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
Slide 3: Key Highlights - Consolidated
KEY HIGHLIGHTS - Consolidated Strong performance in 9M FY 22-23 despite various challenges faced during the period. Total Consolidated Income stood at ₹2150 Crs. registering an impressive growth of 31% over 9M FY 21-22 Industry registered a growth of 16% where as Sandhar has achieved an impressi
Slide 4: Key Highlights - Standalone
KEY HIGHLIGHTS - Standalone Strong performance in 9M FY 22-23 despite various challenges faced during the period. Total Income stood at ₹1808 Crs. registering an impressive growth of 32% over 9M FY 21-22 FINANCIAL HIGHLIGHTS – 9M & Q3 FY 2022-23 Total Income - 9M EBITDA Total Income - Q3 EBITDA ₹
Slide 5: Global & Domestic Presence
GLOBAL & DOMESTIC PRESENCE Strategically Located Plants across all major auto hubs India: 41 Haryana 13 Overseas: 4 Plants Tamil Nadu 9 Overseas: 4 TC & JVs India: 41 Plants Karnataka 11 Spain 1 South Korea Himachal 2 Poland 1 Japan Rajasthan 2 Mexico 1 Taiwan R&D R&D Centre: 01 Maharashtra 2 Romani
Slide 6: Sandhar's EV Readiness and Product Profile
Sandhar’s EV Readiness and Product Profile Company’s Sandhar has Overseas largely geared up operations are to play a already catering dominant role in to 4W EV’s. the EV transition. EV Readiness Company is Company has aggressively working already started Detailed in developing EV supplying various P
Slide 7: Sandhar's Present Product Profile Compatible with EV's
Sandhar’s Present Product Profile Compatible with EV’s PROPRIETARY- SHEET METAL & ALLIED- CASTING, MOULDING, CABINS & Others – AUTOMOTIVES- 28% 21% TOOLING – (Domestic – 11% & FABRICATION-14% 13% Overseas – 13%) Proprietary Business: Locking Systems I Rear View Mirrors I Door Handles I Latches & Hin
Slide 8: New Products Developed - Compatible for both EV & Non-EV Vehicles
Products: New Products Developed- Compatible for both EV & Non-EV Vehicles Electronic Steering Column Lock Ambient Air Pressure OFF/ LOCK Sensor Indication for Key Vehicle Location & Security Foldable Key e-PCV System (VLSS) CBS for Roll Over Tyre Pressure Motorcycles Valve Monitoring Sensor (TPMS)
Slide 9: Products Supplied to EVs - Two Wheelers
Products Supplied to EVs 2 Wheelers Booma Innovative Anav 1200 450 X Zeal Magnus D15 I Qube Smart Seat Flap door Products Lock Latch Lock 4 in1 lock Plastic Mirror Ignition Cam Seat Seat Lock Components Assembly Lock Lock 9 All Rights Reserved @ Sandhar 2022
Slide 10: Products Supplied to EVs - Commercial Vehicles
Products Supplied to EVs Commercial Vehicles Alfa E mini Treo Yari Treo Zor ACE EV Mirror Assembly Products Key-set Assembly 10 All Rights Reserved @ Sandhar 2022
Slide 11: Expected Timeline of EV Specific Products (Power Train)
Expected Timeline of EV Specific Products (Power Train) Development Status Product Performance Product Proto Readiness iCAT approval Validation Validation Motor Controller Ready In- Process Mar’23 – Apr’23 Mar’23 – Apr’23 (1KW, 2KW, 4KW) DC DC Converter Jan’23 - Mar’23 Isolated/Non Isolated Ready Do
Slide 12: Segment wise and Product Wise Revenue Share
Segment wise Revenue* Share (₹ 2,144 Crs.) Product Wise Revenue Share (%) YTD Dec'22 YTD Dec'22 YTD Dec'21 20% 20% 14% 15% 14% 13% 13% 13% 13% 13% 11% 9% 8% 8% 8% 8% Overall 2W PV OHV CV Others* YTD Dec 22 2,144 1,216 416 331 49 132 Share in % 57% 19% 15% 2% 6% YTD Dec 21 1,640 899 350 261 37 94 Sha
Slide 13: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 13
Slide 14: 9M-FY23 Financial Snapshot
9M-FY 23 Financial Snapshot (fig. in ₹ Crs.) Consolidated Standalone 31% 27% 32% 35% 29% 28% 41% 44% Includes initial one time cost for New Projects in 9M- FY 23 ₹ 26.36 Crs. Includes initial one time cost for New Projects in 9M- FY 23 ₹ 5.23 Crs. 14 EBT without including above cost for new pr
Slide 15: Q3-FY23 Financial Snapshot
Q3-FY 23 Financial Snapshot (fig. in ₹ Crs.) Consolidated Standalone GR Vs LY GR Vs Q2 GR Vs LY GR Vs Q2 GR Vs LY GR Vs Q2 GR Vs LY GR Vs Q2 18% 3% 26% 8% 17% 5% 36% 21% GR Vs LY GR Vs Q2 GR Vs LY GR Vs Q2 GR Vs LY GR Vs Q2 GR Vs LY GR Vs Q2 25% 19% 32% 21% 51% 63% 63% 61 % 15 All Rights Reserved @
Slide 16: Profit & Loss Statement - Consolidated
Profit & Loss Statement – Consolidated (fig. in ₹ Crs) Particulars Q3 FY 23 Q3 FY 22 YoY (%) Q2 FY 23 QoQ (%) 9M FY23 9M FY22 YoY(%) FY 22 Total Income 724.73 613.15 18.2% 748.77 -3.2% 2150.30 1645.19 31% 2330.68 Expenses Cost of materials 445.80 381.07 17.0% 480.37 -7.2% 1351.80 984.25 37% 1415.84
Slide 17: Profit & Loss Statement - Standalone
Profit & Loss Statement – Standalone (fig. in ₹ Crs) Particulars Q3 FY 23 Q3 FY 22 YoY (%) Q2 FY 23 QoQ (%) 9M FY23 9M FY22 YoY(%) FY 22 Total Income 602.39 515.14 16.9% 634.03 -5.0% 1808.38 1372.23 32% 1946.17 Expenses Cost of materials 399.88 349.80 14.3% 439.97 -9.1% 1232.75 914.69 35% 1308.71 La
Slide 18: Subsidiaries Performance
Subsidiaries Performance (fig in ₹ Crs.) 39% 7% 255% Entity 9M FY 23 9M FY 22 Growth Entity 9M FY 23 9M FY 22 Growth Entity 9M FY 23 9M FY 22 Growth Sandhar Barcelona 298.62 265.71 12% Sandhar Barcelona 28.10 29.47 -5% Sandhar Barcelona* 0.94 6.23 -85% Sandhar Tooling 10.22 8.09 26% Sandhar Tooling
Slide 19: Status of New Projects as on 31st December 2022
Status of New Projects as on 31st December 2022 Business Land & Building S. No. Name of Company Location SOP Products Project Status Division Status Domestic 1 Sandhar Technologies Limited Nalagarh, (HP) Jan-22 Leased Muffler and frame for two wheelers Dispatches started on 27th January 2022 Dispatc
Slide 20: Sandhar Engineering - Attibele Project
Sandhar Engineering Private Limited- Attibele Project Products Plant Inside View Muffler Frame 20 Dispatches started All Rights Reserved @ Sandhar 2022
Slide 21: Sandhar Engineering - Mysore Project
Sandhar Engineering Private Limited- Mysore Project Products Building 3D View Muffler Fuel Tank Swing Arm Frame 21 SOP:- Mar-23 All Rights Reserved @ Sandhar 2022
Slide 22: Sandhar Engineering - Mysore Project - Construction
Sandhar Engineering - Mysore Project - Construction 22 SOP:- Mar-23 All Rights Reserved @ Sandhar 2022
Slide 23: Surface Mount Technology (SMT Line) Project
Surface Mount Technology (SMT Line) Project Inauguration Ceremony Product Printed Circuit Board Assembly (PCBA) PCBA-Applications Smart Handle Shark Fin Antenna Parking Sensor Electric Steering Lock USB Charger 23 SOP:- Jan-23 - Production has been started from 15-Jan-2023 All Rights Reserved @ Sand
Slide 24: Machining Project
Machining Project (fig in ₹ Crs) Highlights / New Developments Mysore – Project • Secured new business of Machining for Castings from TVSM on Job Work Basis. • 1st Year business value is expected to be ₹ 77 Crs with an assured margin (EBT) of 8 %. • The project will have a capital outlay of ₹ 75 Crs
Slide 25: Romania Project
Romania Project Major Products Supports Brackets Pivots Status – First Invoice issued on the 27th December 2022 25 All Rights Reserved @ Sandhar 2022
Slide 26: Thank You
THANK YOU Sandhar Technologies Limited Corporate Office: Plot No. 13, Sector 44, Gurugram-122001, Haryana- India CIN: L74999DL1987PLC029553 Website: www.sandhargroup.com Email: investors@sandhar.in (For Retail Investors) Investor.relations@sandhar.in (For Institutional investors) 26
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