Slide 1: Minda Corporation Limited Investor Presentation Q3 and 9M FY2017-18
Minda Corporation Limited Driver Information (NSE: MINDACORP; BSE: 538962) And Telematics System Investor Presentation Q3 and 9M FY2017-18 Safety, Security And Restraint System February 2018 Interior System Instrument Clusters Wiring Harness Locks Door Handles Starter Motors Al & Zn Casting Parts Pl
Slide 2: Earnings Conference Call – Q3 FY2018
Minda Corporation - Earnings Conference Call Earnings Conference Call – Q3 FY2018 Wednesday, February 14, 2018 at 1 PM IST The management team of Minda Corporation will be represented by: Mr. Ashok Minda - Chairman and Group CEO Mr. R. Laxman - Group President, Finance Mr. N.K Taneja - Group Chief M
Slide 3: Table of Contents
Table of Contents 1. Quarterly Updates a. Company Snapshot b. Consolidated Performance c. Significant Orders Booked d. Inaugurations 2. Strategic Outlook 3. Annexures Investor Presentation 3
Slide 4: Quarterly Updates
Quarterly Updates Investor Presentation 4
Slide 5: Minda Corporation at a glance
Minda Corporation at a glance One of the leading auto component companies Revenue Breakdown by Revenue Breakdown by listed on BSE and NSE Businesses (9M FY2018) End Market (9M FY2018) Safety 2-3 Interior After Security & Wheelers Systems Market 9M FY18 Operating Restraint 11.8% 36.7% Rs. 18,729 mn (
Slide 6: Minda Corporation at a glance: Group Businesses
Minda Corporation at a glance Group Businesses of Minda Corporation Minda Corp (Consolidated) Minda Management Services Limited (Corporate) Safety Security and Driver Information and Interior System After Market Restraint system Telematics System • Minda Corporation Ltd • Minda SAI Ltd. • Minda KTSN
Slide 7: Consolidated Performance
Consolidated Performance Consolidated Financial Performance: Q3 FY2017-18 vs Q3 FY2016-17 Total revenues from operations increased by 25.2% y-o-y to Rs. 6,362 million EBITDA margins increased to 11.3% from 9.6% in the same period last year EBITDA increased by 45.8% y-o-y to Rs. 717 mn Net Pr
Slide 8: Consolidated Performance
Consolidated Performance Q3 Q2 Nine Months Ended (Rs. Million)* FY2018 FY2017 FY2018 FY2018 FY2017 Operating Revenue (net of excise) 6,362 5,083 6,550 18,729 15,447 Operating Revenue Growth (%) 25.2% (2.9)% 21.2% Other Income 28 193 22 74 304 EBITDA 717 492 750 1,911 1,503 Margin (%) 11.3% 9.6% 11.4
Slide 9: Consolidated Performance: Revenue, EBITDA, Net Profit
Consolidated Performance 6,362 Commentary – Q3 FY2017-18 vs. Q3 FY2016-17 5,083 Revenue • Revenues increased 25.2% y-o-y in Q3 FY2017-18 driven by growth across major businesses Q3 FY17 Q3 FY18 • EBITDA margin increased by 169 bps 717 • Better product mix 11.3% 492 EBITDA 9.6% • Savings in employee
Slide 10: Consolidated Performance: Revenue Breakdown by Businesses
Consolidated Performance Revenue Breakdown by Businesses Sales breakup for 9M FY2018 of Key Subsidiaries* 9M FY2018 Minda Autoelektrik Asean Business 3.4% Safety 5.1% Interior Minda Automotive Security & Systems Solutions Restraint 21.6% 9.7% Systems Minda Corporation 46.6% 33.0% Minda KTSN 19.3% Mi
Slide 11: Significant Orders Booked – Approx Rs. 28,500 mn
Significant Orders Booked – Approx Rs. 28,500 mn Driver Information Safety, Security and and Interior System Restraint System Telematics System (Lifetime order worth approx. Rs. 9,600 mn) (Lifetime order worth approx. Rs. 16,300 mn) (Lifetime order worth approx. Rs. 2,600 mn) • Orders received for D
Slide 12: Spark Minda Technical Centre Inauguration
Spark Minda Technical Centre Inauguration Minda Corp inaugurated Spark Minda Technical Centre, Pune on 30 th January, 2018 Mr. Ashok Minda, Chairman & Group CEO addressed Investors and Analysts: “Establishment of Spark Minda Technical Centre is a significant step to propel us towards attaining tec
Slide 13: Die Casting Plant Inauguration
Die Casting Plant Inauguration Minda Corp unveiled its third Die Casting Plant at Pune on 7 th February, 2018 Investment in Aluminium Die-Casting to foresee huge potential & spur demand from growing Indian & Global Automotive Industry Mr. Ashok Minda, Chairman & Group CEO said: “Spark Minda foll
Slide 14: Strategic Outlook
Strategic Outlook Investor Presentation 14
Slide 15: Exports – Key Focus Area
Exports – Key Focus Area • Total Group Exports are expected to reach Rs. 500 Crores by FY2019-20. Growth in exports are majorly being witnessed in the legacy products under Safety, Security and Restraint System • The Group has approx. 30 satisfied customers in more than 20 countries including BorgWa
Slide 16: Acquisition of EI Labs, a connected mobility and IoT solutions Co.
Acquisition of EI Labs, a connected mobility and IoT solutions Co. • Acquired EI Labs India Pvt Ltd in August 2017 • Located in Bangalore, EI Labs India Pvt Ltd delivers interdisciplinary products in the connected mobility, ITS and IoT space • The acquisition will enable the group to • expand into f
Slide 17: Future Growth Areas
Future Growth Areas MCL: Greenfield expansion for Die Casting Plant at Pune • Minda Corp (Die Casting - Pune) commenced commercial operations in Q2 FY2017-18 • Competency Centre for Excellence - Gravity Die Casting & Low Pressure Die Casting with High precision Machining Centre and Powder Coating. •
Slide 18: Future Growth Areas
Future Growth Areas Minda KTSN: Greenfield Plant at Mexico • Minda KTSN (Interior System - Mexico) commenced commercial production in Q1 FY2017-18 • Start of Production (SOP) for one platform for leading European OEM in December 2017. Total installed capacity is approx. 480,000 units • Received orde
Slide 19: Key Growth Drivers: Electrification
Key Growth Drivers SMIT, Pune Connected Car Connected Commercial Vehicle / Tractor Connected Cluster Connected Mobility Immobilizer 2W-EFI Electrification 2w-ABS ADAS ISG Electronification Multifunction iRIS 1.0 / 2.0 Smart Key Virtual Key IOT- Genset ECU / BCM Investor Presentation 19
Slide 20: Key Growth Drivers
Key Growth Drivers Focused approach to tap potential growth opportunities Incremental demand of electronics and technological advanced products in non legacy product business such as: 1. EGT/EGRT Sensors, Connected Cars / Connected Mobility / Telematics, PM Sensors / Soot, Control Cables EFI/EMS Sys
Slide 21: Annexures
Annexures Investor Presentation 21
Slide 22: Group Operating Structure
Group Operating Structure Minda Corporation Minda Minda Minda KTSN Minda Minda Minda SAI Management Furukawa Plastic Automotive Autoelektrik Ltd Services Electric (51%) Germany** Minda Stoneridge Minda VAST Access Minda KTSN Plastic (51%) Systems (50%) Poland EI Labs India Pvt Ltd Minda KTSN Plastic
Slide 23: Safety, Security and Restraint System
Safety, Security and Restraint System Companies Product Portfolio Key Customers & No of Plants • Bajaj Auto • TVS Minda Corp • Ashok Leyland 10 (Standalone) Complete Lock Lock for Off road Steering and Pannier Latches Gear Shift Compressor Housing Intake • Yamaha Kit Vehicles Glove Box Locks Lock Ma
Slide 24: Driver Information and Telematics System
Driver Information and Telematics System Companies Product Portfolio Key Customers & No of Plants • M&M • HMSI Minda SAI* • TVS 9 • Ashok Leyland Wiring Harness Solutions Terminals Battery Terminals Connectors Plastic Interiors • Hero Moto Corp • Maruti Suzuki Minda Furukawa • Renault-Nissan 3 • Hon
Slide 25: Interior Systems
Interior Systems Companies Product Portfolio Key Customers & No of Plants Minda KTSN Plastic Solution GmbH & Co. KG Steering Structural (Germany) Oil Sump Quick Connectors Middle Arm Rest Seat Panel Glove Box Ash Tray Cup Holder Column Parts Minda KTSN Plastic & Tooling • VW Group (Audi and Porsche
Slide 26: After Market
After Market Company Product Portfolio Door Handles Sensor Clutch Plates Control Cables 2/3W Locks Minda Automotive Solutions Ltd Wiper Blades Glow Plug Brake Shoe Wiring Harnesses Instrument Cluster Filters • Aftermarket sales contributes about 10-11% to the total revenues • Sales from Aftermarket
Slide 27: Key Markets
Key Markets Manufacturing facilities strategically located globally providing support to OEMs Driver Information Safety and Interior Location and Telematics Security System System System India 13 15 Poland Europe 3 Germany North America 1 Czech Republic ASEAN 2 Japan Total 15 15 4 Uttarakhand Delhi/
Slide 28: Key Customers
28 Commercial & Off Highway 2-3 Wheelers Vehicles Investor Presentation Key Customers Vehicles Others Passenger
Slide 29: Consolidated Annual Financial Performance Trend
Consolidated Annual Financial Performance Trend Revenue (Rs. mn) EBITDA (Rs. mn) 29,620 2,082 2,234 24,455 1,981 19,706 1,561 15,939 FY2014 FY2015 FY2016 FY2017 FY2014 FY2015 FY2016 FY2017 PAT (Rs. mn) 1,073 895 961 793 FY2014 FY2015 FY2016 FY2017 Investor Presentation 29 Notes: Financials as per IG
Slide 30: Consolidated Leverage Position
Consolidated Leverage Position Particulars (Rs. million) 30 Sept. 17 Long Term Borrowings 2,829 Short Term Borrowings 4,800 Total Debt 7,629 Less: Cash & Cash Equivalents 884 Net Debt 6,745 Net Worth 6,838 Net Debt / Net Worth 0.99x Agency Instrument Rating Long-Term Funds IND A+ / Stable India Rati
Slide 31: Investors Information
Investors Information Market Data (12 Feb 2018) No. of Shareholders 23,676 Market Cap. (Rs. mn) Approx. 44,342 million 17,505 17,217 16,570 Outstanding Shares (mn) 209.3 12,047 7,951 5,387 5,670 52 week High/Low 229.00/88.60 4,325 Bloomberg / Reuters Ticker MDA:IN / MINC.NS Dec-15 Mar-16 Jun-16 Sep-
Slide 32: Corporate Social Responsibility
Corporate Social Responsibility Convocation Ceremony at Aakarshan Pantnagar, Pune and Chennai Artificial Limb Fitment Camp, Noida 2017 Release of Annual CSR Report FY 16-17 Investor Presentation 32
Slide 33: Awards and Accolades
Awards and Accolades Silver award for Project presentation on conversion of forging Minda SAI, Kakkalur won 5S Sustenance Gold Award Received in 9th Spark Minda best in class performance in Business to die casting by MCL-DCD-Pune on 4th Oct, award with Gold Rating on 27th October, Maintenance Confer
Slide 34: Key Investment Themes
Key Investment Themes High value, technologically advanced products; global presence with 34 plants Technological tie ups with global automotive component manufacturers Well diversified customer base, product portfolio and business segments Low leverage providing significant flexibility for organic
Slide 35: Thank You
Thank You This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business de