Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q1 FY23 Earnings Presentation
47 slides from Gabriel India's earnings presentation, Aug 4, 2022
Slide 1: Gabriel India Ltd. Investor Presentation
Gabriel India Ltd. Investor Presentation 4th August 2022 Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 1
Slide 2: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India 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 form th
Slide 3: Our Response to COVID
OUR RESPONSE TO COVID Employee Strength: 2538 Number of Locations: 7 Vaccinated : 2538 nos. (2nd Dose) 100 % Booster Dose administered to employees • On time action - reducing the risk of employees getting sick Daily Monitoring of Health Status • Supporting employees & their families reporting sick
Slide 4: Anand COVID Care Support Initiatives
ANAND COVID CARE || SUPPORT INITIATIVES ANAND COVID CARE 24*7 GROUP VACCINATION HELPLINE POLICY One COVID helpline at Group level Group Vaccination Policy - to ensure all ANAND available 24*7 to help with admission for Group employees are vaccinated for COVID-19 COVID infected employees & their fami
Slide 5: Table of Contents
TABLE OF CONTENTS 1 Q1 FY23 Result Update 2 Corporate Overview 3 Business Overview 4 Strategy Going Forward Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 5
Slide 6: Q1 FY23 Result Update
Q1 FY23 Result Update Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 6
Slide 7: Financial Highlights – Q1 FY23
FINANCIAL HIGHLIGHTS – Q1 FY23 Q1 FY23 Revenue EBITDA PBT Rs. 509 Mn Rs. 445 Mn Rs. 7,209 Mn 7.1% 6.2% Q4 FY22 Rs. 6,843 Mn Q4 FY22 Rs. 377 Mn / 5.5% Q4 FY22 Rs. 377 Mn / 5.5% Q1 FY22 Rs. 4,518 Mn Q1 FY22 Rs. 232 Mn / 5.1% Q1 FY21 Rs. 158Mn / 3.5% Gabriel India Ltd. | www.anandgroupindia.com/gabriel
Slide 8: Financial Highlights – Q1 FY23
FINANCIAL HIGHLIGHTS – Q1 FY23 Revenue EBITDA PBT Rs. 7,209 Mn Rs. 509 Mn (7.1%) Rs. 445 Mn (6.2%) as compared to Rs. 4,518 Mn in as compared to Rs. 232 Mn in as compared to Rs. 158 Mn Q1 FY22 (Y-o-Y 59.6%) Q1 FY22 (Y-o-Y 119.3%) in Q1 FY22 (Y-o-Y 181.3%) Balance Sheet Cash Flow Capex Net Cash posit
Slide 9: Financial Track Record
FINANCIAL TRACK RECORD P&L (Rs. Mn) Q1 FY23 Q1 FY22 YoY Q4 FY22 QoQ FY22 FY21 YoY Revenue from Operations 7,209 4,518 59.6% 6,843 5.3% 23,320 16,948 37.6% Gross Margin (%) 23.5% 24.9% -1.4% 22.1% 1.4% 23.4% 25.3% -1.9% EBITDA Margin (%) 7.1% 5.1% 2.0% 5.5% 1.6% 6.3% 6.0% 0.3% Net Margin (%) 4.6% 2.7
Slide 10: Quarterly Performance Trend
Quarterly Performance Trend Revenue (Mn) Margins 23,219 20,765 8.0% 8.1% 7.7% 7.7% 7.3% 6.6% 7.1% 7.0% 6.9% 7.1% 18,332 18,699 6,843 5.5% 5.1% 5,103 16,948 6.3% 6.7% 4.6% 5.0% 2.7% 4.6% 15,206 4,246 4.3% 3.9% 3.9% 4.2% 4.2% 3.9% 14,305 4,968 Q1FY20 Q2FY20 Q3FY20 Q4FY20 Q2FY21 Q3FY21 Q4FY21 Q1FY22 Q2
Slide 11: Profit & Loss Statement
PROFIT & LOSS STATEMENT Particulars (Rs. Mn) Q1 FY23 Q1 FY22 YoY Q4 FY22 Q-o-Q FY22 FY21 Y-o-Y Revenue from Operations 7,209 4,518 59.6% 6,843 5.3% 23,320 16,948 37.6% Raw Material 5,517 3,395 5,334 17,863 12,653 Employee Expenses 441 393 420 1,597 1,474 Other Expenses 743 499 712 2,401 1,796 EBITDA
Slide 12: Financial Track Record
Financial Track Record Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT 9.3% +7.7% 9.0% 8.6% +9.7% 8.1% 9.6% 20,765 18,699 23,320 7.4% 942 950 895 18,331 7.0% 1,713 1,778 1,459 827 847 14,441 16,948 752 15,206 14,305 1,461 1,376 6.0% 6.3% 600 12,866 1,293 603 1,168 904 1,025 426 FY14 FY15 FY16
Slide 13: Key Ratios
Key Ratios Return on Equity (%) Return on Assets (%) Fixed Asset Turnover (x) 10.4% 5.9 5.8 5.7 18.0% 9.8% 16.1% 8.8% 5.1 4.4 13.0% 11.7% 6.6% 8.7% 5.0% FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 Current Ratio (x) Debt : Equity Ratio Dividend* (Rs/share) & Pay-out (%)
Slide 14: Revenue Mix (Inc. Trading)
REVENUE MIX (INC. TRADING) Segment Mix Channel Mix Aftermarket 2% 4% 4% 6% 3% 12% 12% 13% 10% 1% 2% 2% 2% 1% 16% 12% 10% 11% 12% 12% 13% 13% 15% 13% 7% 8% 15% 9% 9% 7% 20% 21% 22% 22% 22% 40% 36% 32% 38% 35% 85% 83% 81% 79% 84% 67% 67% 65% 64% 65% 41% 42% 43% 46% 44% FY20 FY21 FY22 Q1 FY 22 Q1 FY 23
Slide 15: YTD Segment Performance – 2W&3W (Incl. AM)
YTD SEGMENT PERFORMANCE – 2W&3W (INCL. AM) Performance • Growth was primarily driven by efforts in terms of improving market share with key customers, higher efforts in terms of developing new products and on account of strong acceptance of end products in the market Recent Launches • TVS Motors – R
Slide 16: Brand Gabriel: Well-Entrenched Amongst All 2W/3W EV Players
BRAND GABRIEL: WELL– ENTRENCHED AMONGST ALL 2W/3W EV PLAYERS 13% 60% 85% Top Models GIL presence 1. Okinawa praise Maharashtra’s EV sales GIL growth in EV-2W 2. Ampere Magnus-ex accounted for 13% of the overall GIL SOB in 2W 3. Hero optima segment FY 21-22 from FY share of EVs registered in June’22
Slide 17: YTD Segment Performance – Passenger Vehicles (Incl. AM)
YTD SEGMENT PERFORMANCE – PASSENGER VEHICLES(INCL. AM) Performance • Segment observed growth with new launches within key 22% % to Total Sales 23% Market Share customers and SUV segment gaining traction New Program • Maruti Suzuki: YXA, YFG,YWD,Y0M • Stellantis : CC21,eCC21 Market Update • As per SI
Slide 18: YTD Segment Performance – Commercial Vehicles
YTD SEGMENT PERFORMANCE – COMMERCIAL VEHICLES (INCL. AM & RAILWAYS) Performance 11% % to Total Sales 89% Market Share • Moderate growth coming back slowly reflecting in better production volumes by OEMs New Program Ashok Leyland- Phoenix, TML Intra & Mahindra New Bolero Market Update Revenue Trend (
Slide 19: Aftermarket
AFTERMARKET Strong Brand Extensive Distribution Recent Widest Presence Through Equity Network Highlights Product Range Allied Products • Achieved 50% of growth over Q1 • Launched 45 SKU’s in • Brand “Gabriel” • 11 CFA locations & 700+ • Leveraging Brand synonymous with dealer network 21-22 sales. Hi
Slide 20: Creating Global Presence Through Exports
CREATING GLOBAL PRESENCE THROUGH EXPORTS 303 Leveraging relationship Resource in Europe Export order from DAF Export Sales - Quarter 276 Caters to with Global OEMs in for exploring demand from Netherlands, 228 218 219 208 India to penetrate their opportunities in OEM & VW Russia commenced 204 Global
Slide 21: Balance Sheet
Balance Sheet Assets (Rs. Mn.) Mar-22 Mar-21 Equity and Liabilities (Rs. Mn.) Mar-22 Mar-21 Non-current assets 4,458 4,175 Equity 7,668 6,963 Non-Current Liabilities 403 429 Current assets 9,073 7,780 Current liabilities 5,460 4,563 Total Assets 13,531 11,955 Total Equity and Liabilities 13,531 11,9
Slide 22: Cash Flows
Cash Flows Cash Flow from Operations (Rs. Mn) Cash Flow used in Investing (Rs. Mn) Cash Flow used in Financing (Rs. Mn) 2,039 1701 261 1,201 962 311 278 241 1,038 928 965 980 749 217 442 FY18 FY19 FY20 FY21 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY22 3500 80 6000 150 2500 Working Capital
Slide 23: Consistently Outperforming Industry
CONSISTENTLY OUTPERFORMING INDUSTRY -0.6% -3.3% 2.1% 1.8% Two Wheelers Three Wheelers Passenger Cars Commercial Vehicles 8.1 9.5 184.9 7.5 36.5 Industry 7 Production 177.1 32.2 Volumes (CAGR%) 2014-15 2021-22 2014-15 2021-22 2014-15 2021-22 2014-15 2021-22 2014-15 2021-22 2014-15 2021-22 2014-15 202
Slide 24: Core Cost Reduction Drive
CORE 90 CORE 90 COST REDUCTION DRIVE Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 24
Slide 25: Vision 2025
VISION 2025 Exports Domestic Dominance Mergers & Acquisitions Technology Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 25
Slide 26: Corporate Overview
Corporate Overview Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 26
Slide 27: Gabriel at a Glance
GABRIEL AT A GLANCE Corporate Profile • Incorporated in 1961 • Pioneer of Ride Control Products in India with state-of-the-art integrated operations • Strong R&D focus, employing 60 specialists, highest in the industry • Experienced, professional management team and Board of Directors • Marquee clie
Slide 28: Strategic Manufacturing Footprint
STRATEGIC MANUFACTURING FOOTPRINT Plant Location Segment Served Commencement Year Products Clients Bajaj Auto, HMSI , Suzuki, Yamaha, Nashik 2W / 3W 1990 Shock absorbers, front forks Piaggio, M&M, Atul Auto TVS, HMSI, Royal Enfield, Hosur 2W / 3W 1997 Shock absorbers, front forks Yamaha, Suzuki, M&M
Slide 29: Competitive Advantages
COMPETITIVE ADVANTAGES Strong Parentage of Strong Focus on R&D and 6 Decades of Presence Anand Group Technology Partnerships • Flagship company of ANAND Group, a one-stop • Home grown (‘Atmanirbhar’) player with deep • Best-in-class R&D facilities in the country with 60 solution provider for custome
Slide 30: Relationships with Marquee OEM Customer Base
RELATIONSHIPS WITH MARQUEE OEM CUSTOMER BASE 2/3 Wheelers Passenger Cars CV & Railways Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 30
Slide 31: Safety Development
SAFETY DEVELOPMENT Accident First Aid 7 5 6 6 4 4 5 5 3 3 3 3 3 4 4 4 3 3 3 2 2 2 2 2 1 1 1 0 0 0 0 0 0 0 FY 19 FY 19 FY 19 FY 19 FY 20 FY 20 FY 20 FY 20 FY 21 FY 21 FY 21 FY 21 FY 22 FY 22 FY 22 FY 22 FY 23 FY 19 FY 19 FY 19 FY 19 FY 20 FY 20 FY 20 FY 20 FY 21 FY 21 FY 21 FY 21 FY 22 FY 22 FY 22 FY
Slide 32: Human Resources
HUMAN RESOURCES In-depth sectoral knowhow Key Metrics Mar’ 22 Mar’21 Mar’20 Mar’19 Seasoned Resources Revenue per employee 0.58 0.43 0.51 0.53 (Rs Cr) Average employee Strong employee experience 8.0 9.0 8.0 7.0 connect (person years) Investment in training programmes 1.05 0.42 2.21 1.45 Partnership-
Slide 33: Great Place to Work – 5th Consecutive Year
“GREAT PLACE TO WORK” – 5TH CONSECUTIVE YEAR 2019 • Rank #90 among Top 100 Companies to work for in India 2018 • Rank #89 among Top 100 Companies to work for in India 2017 • Ranked in Top 25 workplaces in • Ranked #2 in Auto & Auto manufacturing in India Component Industry • Rank #52 among Top 100 2
Slide 34: Strong In-House R&D & Technology Partnerships
STRONG IN-HOUSE R&D & TECHNOLOGY PARTNERSHIPS End-to-End Product Development Capabilities Key Initiatives • In-house facility for customers for ride tuning of vehicles • Advanced damper technology for the enhanced user experience • CO2 footprint reduction through product light weighting and use of g
Slide 35: Environmental Sustainability
ENVIRONMENTAL SUSTAINABILITY Reduction in Carbon Footprint 40 0.89 36.0 33.9 35 31.3 31.2 0.90 0.78 28.1 30 24.9 26.2 26.7 0.80 21.7 0.46 25 19.5 20.0 0.65 0.47 0.37 0.41 0.54 0.48 0.48 0.49 0.70 Stakeholder CUSTOMER 20 17.3 15.6 15.5 13.5 15.4 0.60 14.1 13.4 VALUE 15 12.5 13.3 12.9 12.8 Value 10 0.
Slide 36: Achieving Engineering Excellence
ACHIEVING ENGINEERING EXCELLENCE Laser Welding Technology, Friction Designed & Developed Remote Welding Technology, Water based Canister Shock Absorber Autophoretic Paint System Adjustable Electronic-Hydraulic Shock Absorbers with Shock Absorber for a leading SUV Floating Piston vehicle in Aftermark
Slide 37: R&D, Innovation and Technology: Essential Components for Strategic Evolution
R&D, INNOVATION AND TECHNOLOGY: ESSENTIAL COMPONENTS FOR STRATEGIC EVOLUTION At Gabriel India, our constant endeavors towards investing in R&D, innovation and technology are considered integral to our continuous improvement process. Our R&D technology centres at Hosur and Chakan ( recently launched)
Slide 38: Gabriel Tech Centre: Powering Our Future, Driving Possibilities
GABRIEL TECH CENTRE: POWERING OUR FUTURE, DRIVING POSSIBILITIES Gabriel India Tech Centre at Chakan, Pune, is a world-class Product Engineering & Test facility for automotive shock absorber products in passenger cars, commercial vehicles and railway coaches. The Technology Centre includes following
Slide 39: CSR Initiatives 2021-22
CSR INITIATIVES 2021-22 Focus Area Parwanoo Gurugram Dewas Jawai Nashik Rewari Scholarships: Seven girls MEDHAVI Provide education to 350+ school (3-7yrs.) to pursue Scholarships: Support 11 students from govt./low grade education at ANAND matriculate girls to complete private schools who are at ris
Slide 40: Board of Directors
Board of Directors Anjali Singh Manoj Kolhatkar Atul Jaggi Jagdish Kumar Executive Chairperson Managing Director Deputy Managing Director Group President & Group CFO Gabriel India Gabriel India Gabriel India ANAND Group Aditya Vij Pradeep Banerjee Matangi Gowrishankar Pallavi Joshi Bakhru Non-Execut
Slide 41: Executive Leadership
EXECUTIVE LEADERSHIP Manoj Kolhatkar Managing Director Atul Jaggi Deputy Managing Director Amitabh Srivastava Rishi Luharuka Manoj Sharma Umesh Shah Puneet Gupta R. Vasudevan Prashant Shah CR Vijaykumar Chief Operating Officer, Chief Financial Officer Chief Human Chief Strategy Head Chief Operating
Slide 42: Customer Awards & Accolades
CUSTOMER AWARDS & ACCOLADES Special Award by Volvo ZERO KM PPM and Quality Best Supplier of the Eicher Commercial Vehicles certification by Toyota Kirloskar Year by TVS Motor Limited Motor Company Award for New product Development by Honda Motorcycle Periodic Cost Reduction Award By Supplier Samrat
Slide 43: Industry Awards & Accolades
INDUSTRY AWARDS & ACCOLADES Gold award in Restorative category for 45th International Convention Gabriel Gold in Manufacturing Excellence in Very presenting a case study at 41st CII India, Nashik received Platinum Award Large Category by Automotive National Kai-zen Competition by ICQCC Dhaka Compone
Slide 44: Strategy Going Ahead
Strategy Going Ahead Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 44
Slide 45: Growth Strategies
GROWTH STRATEGIES ₹ Financial Worthiness Customer Focus Aftermarket Technology & Innovation • Debt reduction • Enhancing customer • Product development • Improvement in quality • Break even point (BEP) delight and deepening • Expanding reach • R & D focus reduction relationships • Exports focus • Su
Slide 46: Strengthening Focus Areas
STRENGTHENING FOCUS AREAS Cultural Sustainability Financial Manufacturing Research & Transformation Robustness Excellence Development • Increasing organizational • Reducing energy • Leverage brand and • Customer centricity • Investments in competencies and consumption per unit diverse product • Deep
Slide 47: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Nilesh Jain Mr. Jigar Kavaiya / Khushbu Shah secretarial@gabriel.co.in jigar.kavaiya@sgapl.net / khushbu