Schaeffler India Ltd · NSE:SCHAEFFLER
Schaeffler India — Q1 2020 Earnings Presentation
19 slides from Schaeffler India's earnings presentation, May 15, 2020
Slide 1: Regulation 30 filing cover letter to BSE and NSE
Schaeffler India Limited · Pune · Maharashtra BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C - 1, Block G, Dalal Street, Bandra-Kurla Complex, Bandra (E) MUMBAI- 400 001 MUMBAI- 400 051 Company Code: 505790 Company Code: SCHAEFFLER 15/05/2020 Sub: I
Slide 2: Investor Presentation - Q1 2020
Schaeffler India Limited Investor Presentation - Q1 2020 May 15, 2020
Slide 3: Agenda
Agenda 1 COVID-19 2 Economy and Market 3 Q1 2020 Performance update 4 Operations shutdown 15/05/2020 Schaeffler India Limited | Investor presentation 2
Slide 4: Crisis Management
1 COVID-19 COVID-19 Crisis Management CMT (Crisis Management Team) formed on 6th March (Executive Management, Plant management, Legal, Compliance) • Early actions and work from home partially started one week before lockdown • Daily update (COVID-19 cases, notifications and interpretations, plant up
Slide 5: Safety measures
1 COVID-19 COVID-19 Safety measures Plants, Warehouses and Office CMTs ensured a controlled shutdown of respective sites and their subsequent re-activation • Controlled shutdown of plants : Site security, Medical staff and Maintenance staff available through out • SOP for plants, warehouses and offi
Slide 6: Agenda
1 COVID-19 Agenda 1 COVID-19 2 Economy and Market 3 Q1 2020 Performance update 4 Operations shutdown 15/05/2020 Schaeffler India Limited | Investor presentation 5
Slide 7: Economic activity comes to a grinding halt; FY2020-21 growth forecast slashed
1 COVID-19 Economy and Market Economic activity comes to a grinding halt| FY2020-21 growth forecast slashed to -1.0% 1] GDP Growth % 2] IIP – Overall (%) 3] 8.1 8.0 4.5 4.9 4.5 Key Aspects 7.0 6.6 3.2 5.8 1.3 -1.4 -4.6 -6.6 2.1 2.1 5.0 0.4 4.5 4.7 -16.7 • Economic recovery altered by the coronavirus
Slide 8: Weak Demand and Labor Constraints dent output amid the nationwide lockdown
1 COVID-19 Economy and Market Weak Demand and Labor Constraints dent output amid the nationwide lockdown % contribution to Core Industries 5.4% Steel Production (Mio T) Cement Production (Mio T) 17.9% Y 2019 91.4 Y 2020 Y 2019 29.4 Y 2020 Y 2020 28.6 Y 2020 87.4 Y 2019 Y 2019 Growth -4% Growth -3% J
Slide 9: Covid-19 crisis adds to the woes of India's Auto Sector
1 COVID-19 Economy and Market Covid-19 crisis adds to the woes of India’s Auto Sector in T Units Two and Three Wheelers1] Commercial Vehicles1] Y 2020 Y 2020 Y 2019 Y 2019 Y 2019 6,267 Y 2019 294 Y 2020 4,624 Y 2020 189 Growth -26% Growth -36% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb
Slide 10: Agenda
1 COVID-19 Agenda 1 COVID-19 2 Economy and Market 3 Q1 2020 Performance update 4 Operations shutdown 15/05/2020 Schaeffler India Limited | Investor presentation 9
Slide 11: Q1 2020 | Highlights and Lowlights
Q1 1 COVID-19 2020 Performance update Q1 2020 | Highlights and Lowlights Q1 2020 profit margin at Q4 2019 level despite Sales and operations momentum came to a halt shutdown of operations since 23rd March owing due to COVID-19 crisis to COVID-19 crisis Shutdown since 23rd March impacted the Working
Slide 12: Revenue from Operations | Hit by COVID-19 shutdown
Q1 2020 Performance update 1 COVID-19 Revenue from Operations | Hit by COVID-19 shutdown Total revenue Key aspects in INR mn • QoQ revenue loss was caused by shutdown from March 23rd (COVID-19) 11,723 • YoY revenue loss is additionally caused by market volatility and demand 11,167 slowdown in some s
Slide 13: Earning Quality | PBT margin at preceding quarter level despite shutdown
Q1COVID-19 1 2020 Performance update Earning Quality | PBT margin at preceding quarter level despite shutdown due to COVID-19 Key comments PBT (before exceptional items) • Despite revenue loss, in INR mn (% in bracket denotes absolute change over same period previous year) profitability was maintain
Slide 14: Performance Highlights
Q1COVID-19 1 2020 Performance update Performance Highlights Unit Q1 2020 Q4 2019 Q1 2019 12M 2019 Revenue mn INR 9,285 10,365 11,723 43,606 Revenue growth (YoY) % -20.8% -12.6% 8.2% -4.4% Revenue growth (QoQ) % -10.4% 0.1% -1.2% EBITDA mn INR 1,378 1,541 1,875 6,461 PAT margin better EBITDA Margin %
Slide 15: Agenda
1 COVID-19 Agenda 1 COVID-19 2 Economy and Market 3 Q1 2020 Performance update 4 Operations shutdown 15/05/2020 Schaeffler India Limited | Investor presentation 14
Slide 16: Closure of operations | Nationwide shutdown 25th Mar to 17th May
1 COVID-19 shutdown Operations Closure of operations| Notified nationwide shutdown 25th Mar to 17th May due to COVID-19 Key comments Working Q1 Q2 Q3 Q4 • Lock down – Govt. announcement days Jan Feb Mar Q1 Apr May Jun Q2 - Phase 1.0 (25th Mar – 14th April) Planned days 308 26 25 26 77 26 26 26 78 77
Slide 17: We are ramping up …
Operations 1 COVID-19 shutdown We are ramping up … GEARING UP TO START …. • All plants and warehouses have commenced operations partially as per government approvals • We are awaiting new notifications for end of lockdown to start our offices • Requisite countermeasures being defined for financial s
Slide 18: Disclaimer
Operations shutdown Disclaimer The information contained in this presentation is provided by Schaeffler India Limited (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentat
Slide 19: Thank you for your attention
Operations shutdown Thank you for your attention 15/05/2020 Schaeffler India Limited | Investor presentation 18