Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q2 FY22 Earnings Presentation
31 slides from Ppap Automotive's earnings presentation, Nov 12, 2021
Slide 1: Cover letter to BSE and NSE
PPAP Automotive Limited B-206A • Sector-81 • Phase-II• Noida 201305 • Uttar Pradesh • India Q) +91-120-4093901 ~ info'@ ppapco.com 8 www.ppapco.in 12 th November, 2021 The Listing Department The Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Ex
Slide 2: PPAP Automotive Limited Investor presentation – November 2021
PPAP Automotive Limited PPAP Automotive Limited TAKING CHALLENGES, TOGETHER Investor presentation – November 2021
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PPAP Automotive Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: Financial Highlights
Financial Highlights 7 A V/A
Slide 5: Key Highlights
Key Highlights Commenting on the results and performance for Q2 & H1FY22, Mr. Ajay Kumar Jain, Chairman & MD of PPAP Automotive Ltd said: “The demand for vehicles has bounced back. However, due to semi- conductor shortage, the production of vehicles continues to be hampered. Rising commodity prices
Slide 6: Key Highlights
Key Highlights In INR Cr Revenue EBITDA PAT 103.8 11.7 2.6 82.9 78.6 3.7 12.2 3.5 -3.3 Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Q2FY21 Q1FY22 Q2FY22 Revenue EBITDA PAT 182.5 15.2 -0.7 100.6 -0.2 -10.7 H1FY21 H1FY22 H1FY21 H1FY22 H1FY21 H1FY22 Note - Q1FY21 performance was impacted due to Covid 19 f
Slide 7: Segmental Breakup
Segmental Breakup Q2FY21 Q2FY22 Tools & Others Tools & Others 2.0% 5.0% 98.0% 95.0% Parts Parts 6
Slide 8: Standalone P&L – Q2 & H1FY22
Standalone P&L – Q2 & H1FY22 Particulars (INR Cr) Q2 FY22 Q2 FY21 Y-o-Y (%) Q1 FY22 Q-o-Q (%) H1 FY22 H1 FY21 Y-o-Y (%) Revenue from operations 103.8 82.9 25.2% 78.6 32.0% 182.5 100.6 81.4% COGS 62.2 45.2 46.6 108.8 56.6 Gross Profit 41.6 37.7 10.3% 32.0 29.9% 73.6 44.0 67.5% Gross Profit Margin 40.
Slide 9: Standalone Balance sheet – H1FY22
Standalone Balance sheet – H1FY22 Liabilities (In Rs. Crs) Sep-21 Mar-21 Assets (In Rs. Crs) Sep-21 Mar-21 Equity Non Current Assets Equity Share capital 14.0 14.0 Property, Plant and Equipment 241.6 230.6 Capital work-in-progress 12.7 20.1 Other Equity 293.4 295.8 Other Intangible Asset 8.7 8.9 Non
Slide 10: Standalone Cash Flow – H1FY22
Standalone Cash Flow – H1FY22 Particulars (Rs. Crores) Sep-21 Mar-21 Net Profit Before Tax -0.9 6.3 Adjustments for: Non Cash Items / Other Investment or Financial Items 16.1 27.0 Operating profit before working capital changes 15.2 33.3 Changes in working capital -8.8 -2.2 Cash generated from Opera
Slide 11: Consolidated P&L – Q2 & H1FY22
Consolidated P&L – Q2 & H1FY22 Particulars (INR Cr) Q2 FY22 Q2 FY21 Y-o-Y (%) Q1 FY22 Q-o-Q (%) H1 FY22 H1 FY21 Y-o-Y (%) Revenue from operations 105.9 83.1 27.5% 78.8 34.5% 184.7 100.8 83.3% COGS 63.3 45.2 46.5 109.8 56.7 Gross Profit 42.6 37.9 12.5% 32.2 32.1% 74.9 44.1 69.9% Gross Profit Margin 4
Slide 12: Consolidated Balance sheet – H1FY22
Consolidated Balance sheet – H1FY22 Liabilities (In Rs. Crs) Sep-21 Mar-21 Assets (In Rs. Crs) Sep-21 Mar-21 Equity Non Current Assets Equity Share capital 14.0 14.0 Property, Plant and Equipment 247.0 234.9 Other Equity 287.7 292.2 Capital work-in-progress 12.7 20.1 Other Intangible Asset 8.7 9.0 N
Slide 13: Consolidated Cash Flow – H1FY22
Consolidated Cash Flow – H1FY22 Particulars (Rs. Crores) Sep-21 Mar-21 Net Profit Before Tax -3.4 3.2 Adjustments for: Non Cash Items / Other Investment or Financial Items 17.4 28.6 Operating profit before working capital changes 14.1 31.9 Changes in working capital -11.9 -4.4 Cash generated from Op
Slide 14: Company Overview
Company Overview 7 A V/A
Slide 15: Business – at a Glance
Business – at a Glance Automotive Parts Business • Core competence in developing Automotive Body Sealing systems and Interior and Exterior Injection molded parts • Enhancing per car contribution by adding more products and customers in all segments (PV / 2 W / CV / Tier 1) • PPAP is focused on devel
Slide 16: Company Ethos
Company Ethos Vision Statement To be our customer’s No. 1 supplier Mission Statement Values To be a global level excellence company, • Trustworthiness with an inspiring work culture , • Mutual Respect for serving customers and the society, • Creativity by exceeding the expectations, • Co-operation o
Slide 17: Journey Towards Excellence…
Journey Towards Excellence… 1990-2002 2008-2014 2018-2020 • Established Plant - V (Vallam Vadgal) • Conversion of partnership • Listed on BSE and NSE and Plant VI (Ukhlod) firm to private company • Established Plant - III (Surajpur) and Plant - IV (Pathredi) • VW, Hyundai & Kia added as • Establishe
Slide 18: Board of Directors
Board of Directors B.E. (Mech.) from I.I.T. Roorkee and M.B.A. from IIM, Bachelor of Commerce from Ahmedabad A Fellow Member of the Shri Ram College of Institute of Chartered Commerce, Delhi University Has a rich and diverse top Accountants of India management experience in Associated with the Compa
Slide 19: Leadership
Leadership Ramesh C Khanna Anil Sharma Niraj Kalra Maloy Mukhopadhyay President & COO Head - OEM Head - Non OEM Head – BD (OE) Experience: 42 years Experience: 25years Experience: 25 years Experience: 25 years Sachin Jain Kamal Behl M Krishnaswamy Aseem Yadav CFO Head - PTI Head - OEM (S&W)* Head -
Slide 20: Operating Locations…
Operating Locations… The Company’s state of the art manufacturing facilities are strategically located across the PVs automotive hubs in Northern, Southern and Western India JAMMU & KASHMIR LADAKH HIMACHAL PRADESH PUNJAB UTTARANCHAL HARYANA SIKKIM ARUNACHAL DELHI PRADESH UTTAR RAJASTHAN PRADESH ASSA
Slide 21: Manufacturing Facilities…
Manufacturing Facilities… Part & Tool Plastic Extrusion PVC / TPO / PP MATERIAL Design Manufacturing • 4 Locations; 15 Extrusion Lines • Bending technology, Welding technology, Chrome SUS extrusion and Notching technology Rubber Extrusion EPDM & TPV MATERIAL • 2 Locations; 3 EPDM extrusion lines, 1
Slide 22: Passenger Vehicle Products
Passenger Vehicle Products PPAP offers a diverse range of products that are applicable to both EV and non-EV vehicles SUN ROOF/ ROOF MOULDING DRAIN HOSE BACK DOOR MOULDING OPENING WINDSHIELD WAIST SEAL OUTER SLIDE RAIL CTR UPPER WEATHERSTRIP INNER AIR SPOILER GLASS RUN CHANNEL Hood Seal DAM WINDSHIE
Slide 23: Passenger Vehicle Products
Passenger Vehicle Products PPAP offers a diverse range of products that are applicable to both EV and non-EV vehicles REAR TRAY REAR PILLAR TAIL GATE Commercial Vehicle Product DOOR PARTITION DOOR MOULDING CABIN INSTRUMENT PANEL TRUNK LINING GRILLE LOWER LNG REAR PANEL FRONT BUMPER BODY SIDE MOULDIN
Slide 24: Two Wheeler & Three Wheeler Products
Two Wheeler & Three Wheeler Products PPAP offers a diverse range of products that are applicable to both EV and non-EV vehicles Molded Seat Base Cover Handle, Battery Pack for Fender Rear, Shield, Front Electric Vehicles Upper Leg Front Fender Rear, Lower Controller Air Connecting Tube Cover Leg, Co
Slide 25: Diversified Product Mix
Diversified Product Mix Plastic Injection Tools Battery Pack for Back up power Pail Containers Application : Solar Street Light Mobile Towers UPS Tonnage – Upto 850 Tons The battery packs are used in Containers for storing fertilizers, Size – 1500 (L) x 1000 (W) x 850 (H) multiple products for provi
Slide 26: Aftermarket – A Large Opportunity
Aftermarket – A Large Opportunity • The Company has ventured into development of parts and accessories for aftermarket. • The products are sold through the wholly owned subsidiary Elpis Components Distributors Private Limited • Currently, this segment contributes 3% of revenue and is expected to inc
Slide 27: Esteemed Clientele
Esteemed Clientele Passenger Vehicle Battery Packs – Two Wheeler Tooling Storage System EV Customer EV Customer EV Customer Pail Containers Commercial Vehicle Note - The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 26
Slide 28: Growth Roadmap – Explore, Expand & Excel
Growth Roadmap – Explore, Expand & Excel Strengthen and grow Automotive Parts business ▪ Development of value-added parts that will command higher prices and 01 contribute to higher margins ▪ Increase per car value for existing customers and continue to add new customers To Strengthen & Market Place
Slide 29: Why Trust PPAP… at a glance
Why Trust PPAP… at a glance 01 01 02 03 04 Continuous improvement Portfolio approach to Organic growth Sound financials giving of operational efficiency margin-rich blended complemented by adding headroom to fund its product mix new clients and geographies growth • Cost sensitive working • The Compa
Slide 30: Historical Standalone Financial Performance
Historical Standalone Financial Performance In INR Cr Revenue EBITDA & EBITDA Margin % PAT & PAT Margin % 19.3% 21.3% 18.8% 14.1% 10.5% 7.3% 9.4% 8.1% 5.4% 1.5% 398 411 85 33 345 360 77 321 67 51 34 37 25 19 5 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY21 FY21 Debt/ Equity Ra
Slide 31: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : CIN: L74899DL1995PLC073281 CIN: U74140MH2010PTC204285 Mrs. Shivani Sehgal Mr. Aakash Mehta / Mr. Rahul Agarwal investorservice@ppapco.com aakash.s.m@sgapl.net / rahul.agarwal@sgapl.net +91 98706 79263 / +91 98214 38864 w