Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Q2 FY2023 Earnings Presentation
31 slides from Uno Minda's earnings presentation, Nov 10, 2022
Slide 1: Exchange filing cover letter
i!lOt•)f MINDA] Uno Minda Limited (Formerly known as Minda Industries Ltd.) --.:,;:::tlVING THE Nli'W""""' Ref.No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 10/11/2022 National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor - 25, Bandra Kurla Complex, Bandra (E),
Slide 2: Investor Presentation Q2 FY 2023
TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE. INVESTOR PRESENTATION Q2 FY 2023 November 10, 2022 1
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda 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 the ba
Slide 4: Content
CONTENT 01. Industry Landscape 04 02. Operational Highlights 05 03. Financial Highlights 07 04. Business Review 11 05. EV Portfolio & Capex Update 16 06. Annexures 19 07. Overview: Uno Minda Group 21 3
Slide 5: Industry Highlights
INDUSTRY HIGHLIGHTS Government Initiatives: Improved 2W Demand amidst Anti dumping duty has been extended on stable PV volumes: 4W Alloy Wheels to protect the domestic PV demand continued to remain promising led by the alloy wheel manufacturers. array of new launches amidst the early signs of reviva
Slide 6: Key Operational Highlights for the Quarter
KEY OPERATIONAL HIGHLIGHTS FOR THE QUARTER JV with Buehler JV with Tachi-S The Board approved formation of JV with The Board has approved formation of JV with 51% 50.1% stake held by Uno Minda to manufacture stake held by Uno Minda to manufacture recliners traction motors for 2W and 3W EV vehicles a
Slide 7: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 8: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Revenues increased by 36% Y-o-Y to EBIDTA higher by 40% Y-o-Y to Rs 2,877 Cr Rs 318 Cr for the quarter for the quarter EBIDTA margin stood at PAT increased by 80% on Y-o-Y basis to at 11.1% higher by 29 bps on Y-o-Y basis Rs 170 Cr for the quarter 7
Slide 9: Consolidated Financial Highlights – Q2 FY23
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q2 FY23 Revenue (Rs. Cr) EBITDA (Rs. Cr) 318 228 107 40% 36% 19 97 2,877 2,114 18 208 134 Q2 FY22 Q2 FY23 Q2 FY22 Q2 FY23 MIL Revenue PBT incl. Other Income Interest Depreciation PAT* (Rs. Cr) Margin (%) 10.8% 11.1% 80% 170 4.4% 95 5.3% Q2 FY22 Q2 FY23 Q2 FY22 Q2
Slide 10: Revenue Bridge – Q2 FY23
REVENUE BRIDGE – Q2 FY23 Rs. Crs 9
Slide 11: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q2 FY22 (%) Q2 FY23 (%) Others Others 12% 13% Switches Seatings 29% Switches 9% 31% Seatings 12% Castings 21% Castings 15% Lighting Acoustics Lighting Acoustics 22% 6% 23% 7% 10
Slide 12: Financial Indicators
FINANCIAL INDICATORS Building Shareholder Value year on year… Dividend Profile ROCE 12.1% 12.0% 21.8% 11.2% 19.5% 9.3% 8.1% 15.8% 13.1% 13.1% 310 286 155 207 356 2,697 2,967 3,076 2,986 4,294 FY18 FY19 FY20* FY21 FY22 FY19 FY20* FY21 FY22 H1FY23 PAT^ Dividend Payout Ratio Capital Employed** ROCE Gro
Slide 13: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET
Slide 14: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs Crores) Strategic Business Developments 31% 30% 29% 29% 28% • Received Order for heated 2W handle grip from an American 800 auto major 654 638 727 730 Switches Q2 FY22 Q3 FY22 Q4 FY22 Q1 FY23 Q2 FY23 23% 23% 22% 22% • Received Order for
Slide 15: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs Crores) Strategic Business Developments 8% 7% 7% 7% 6% • India business remains stable 192 172 181 • European subsidiary Clarton Horn remained under pressure 157 151 along with unprecedented increase in energy cost. Acoustic Q2 FY22 Q3 F
Slide 16: Revenue Breakups
REVENUE BREAKUPS Aftermarket International 9% 17% 4W 2W 52% 48% India 83% OEM 91% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 15
Slide 17: Aftermarket - Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, Shocks & • Revenue of Rs 252 Crs during the quarter struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 18: Strategic Business Update: Joint Venture with Buehler
Strategic Business Update Joint Venture with Buehler About JV Partner • Buehler Motor GmbH (“Buehler”), is a Germany based, leading global company providing Intelligent e- drive solutions. • Being the leading suppliers of customized mechatronic drive solutions today with 11 sites on three continents
Slide 19: Strategic Business Update: Joint Venture with Tachi-S
Strategic Business Update Joint Venture with Tachi-S About JV Partner • Established in 1954, Tachi-S is a leading seats manufacturer headquartered in Tokyo, Japan. Recliners • With a diversified revenue of 206 BN ¥, TACHI-S is an integrated automobile seat manufacturer having 70 facilities in 13 cou
Slide 20: Capital Expansion Update
Capital Expansion Update Product Line Entity Total Cost (In Location Capacity Expected Update Crs) SOB Blow Moulding Minda Kyoraku Ltd 90 Bengaluru Blow Moulding and Q4 FY23 Capex on Track Paint Shop Facility 4W Alloy Wheels Minda Kosei 74 Ahmedab 30k Wheels p.m. Q1 FY24 Construction started Aluminu
Slide 21: Annexures
ANNEXURES 20
Slide 22: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Crores) Q2 FY23 Q1 FY23 Q-o-Q% Q2 FY22 YoY% H1 FY23 H1FY22 YoY% Revenue from Operations (Net of Excise) 2,876.8 2,555.2 13% 2,114.0 36% 5,432.0 3,716.5 46% Raw Material 1,865.9 1,656.2 1,340.6 3,522.0 2,322.6 Employee Cost 364.8 341.0 302.5 705.8
Slide 23: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (Rs. Crores) H1 FY23 FY22 Particulars (Rs. Crores) H1 FY23 FY22 ASSETS EQUITY AND LIABILITIES 1. Non-current assets Equity share capital 114.5 57.1 Property, plant and equipment 2,274.9 2,052.7 Share Application Money Pending Allotment 1.9 0.0 Other equity 3,63
Slide 24: About Uno Minda
ABOUT UNO MINDA TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE.
Slide 25: About Uno Minda
ABOUT UNO MINDA • Uno Minda Limited is one of the leading manufacturers of auto components domestically with leadership across key product segments. With 20+ Product Lines, 1000+ Business Partners and over 23,000 employees, covering 50,000+ touch points, the company has 6 decades of experience in th
Slide 26: Global & Domestic Presence - Uno Minda
GLOBAL & DOMESTIC PRESENCE - UNO MINDA Strategically located plants across all major auto hubs Overseas 6 Plants 7 Sales Offices 4 Design Centers North and South America Europe Asia (w/o India) Mexico France Indonesia (Queretaro) (Epernon) (Karawang) India Colombia Italy Taiwan (Turin) (Tainan) (Man
Slide 27: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Motor Controller Products under Production and supply Smart Plug Battery Management System (BMS) Battery Management On Board Charger System Off Board Charger RCD Cable On-Board Charger Body Control Module Smart Plug DC-D
Slide 28: Kit Value - Uno Minda
Kit Value - UNO MINDA Kit Value – 2 Wheelers 13,952 14,261 12,336 12,003 9,675 9,585 9,231 8,457 8,243 7,110 6,966 6,978 7,181 6,261 5,209 5,266 4,085 4,517 3,357 3,611 Economy Executive Premium Scooter Moped 2019 2020 2021 2022 Kit Value – 4 Wheelers 1,46,416 1,40,788 1,20,788 80,509 63,102 65,323
Slide 29: Potential EV Kit Value (2W & 3W)
POTENTIAL EV KIT VALUE (2W & 3W) Values in INR Product under Under discussion EV Kit Value Production and Orders Received with customer Potential Supply 28
Slide 30: Environment, Social and Governance (ESG) Initiatives
Environment, Social and Governance (ESG) Initiatives Environmental Social Corporate Governance • Group has taken various initiatives which are expected • Vision to enable and empower every member of the • Mission to continually enhance the stakeholders’ value to have environmental benefits and reduc
Slide 31: Thank You
THANK YOU. Corporate Office For further information, please contact Uno Minda Ltd Company Investor Relations Advisors (Formerly known as Minda Industries Uno Minda Ltd. Strategic Growth Advisors Pvt. Ltd. Ltd) Village Nawada Fatehpur, P.O. Mr. Ankur Modi Mr. Jigar Kavaiya Sikanderpur Badda, Head Cor