S.j.s. Enterprises Limited · NSE:SJS
S.j.s. Enterprises — Q2 FY2025 Earnings Presentation
33 slides from S.j.s. Enterprises's earnings presentation, Oct 28, 2024
Slide 1: Exchange filing cover letter: Earnings Call Presentation Q2 FY2024-25
October 28, 2024 To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department, Plot No. C/1, G Block, 2nd Floor, New Trading Wing, Bandra – Kurla Complex, Rotunda Building, P.J. Towers, Bandra (E), Mumbai -400 051 Dalal Street, Mumbai – 400 00
Slide 2: SJS Enterprises Limited Q2 & H1FY25 Earnings Presentation
SJS Enterprises Limited Q2 & H1FY25 EARNINGS PRESENTATION
Slide 3: Disclaimer
SJS| Disclaimer Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expect
Slide 4: Q2 and H1 FY25 Concall Presenters
SJS| Q2 and H1 FY25 Concall Presenters SANJAY THAPAR MAHENDRA NAREDI CEO & Executive Director Chief Financial Officer • Over 40 years of experience in the automotive industry • 25+ years of experience in financial management, key • Previously worked with Ashok Minda Group, Minda accounting & financi
Slide 5: SJS Overview: Premium aesthetics products manufacturer
SJS Overview| Premium aesthetics products manufacturer Operational Excellence Core Products and Technologies Strategic Market Position • Partner, co-creator and supplier of • Wide product range: Decals, choice to several leading OEMs in • Operates in the high value-add appliques/dials, overlays, log
Slide 6: Q2 & H1FY25 Business & Financial Highlights
Q2 & H1FY25 Business & Financial Highlights
Slide 7: Q2 and H1 FY25 Highlights
SJS| Q2 and H1 FY25 Highlights • SJS automotive business outperformed 2W+PV industry growth by >1.8x • Delivered growth of 18.2% YoY, compared to 10.0% YoY growth in auto industry production volumes • Highest ever quarterly Revenue at Rs. 1,927.9 Mn, a growth of 18.1% YoY • Growth driven by PV and c
Slide 8: Outperforming the Industry Growth for 20th consecutive quarter
SJS| Outperforming the Industry Growth for 20th consecutive quarter Q2FY25 - Industry Production Volume1 v/s SJS YoY Sales2 >1.8x growth 18.0% Automotive, 22.4% than industry Consumer 18.2% segment and 12.5% 13.7% Exports have all 10.0% delivered strong growth 2W (0.7)% PV 2W+PV SJS (Cons) Industry
Slide 9: Q2FY25 Business Highlights: New Customer, Growing Mega Accounts
SJS| Q2FY25 Business Highlights Strong growth story continues… Growing Mega Accounts - Key Business Projects Won New Customer Addition Melfi, Italy Detroit, USA Goiana, Brazil Q2FY25 Earnings Presentation September 2024 8
Slide 10: Awards & Achievements
SJS| Awards & Achievements Exotech recognized for SJS won two Gold SJS awarded third prize exceeding customer SJS won third prize in awards for Quality for ‘’Best Financial expectations by ACMA Kaizen contest Circles and four Gold Reporting’’ from 360tf, Mahindra for Battery awards for Kaizen from S
Slide 11: SJS ESG Initiatives
SJS | ESG Initiatives Environmental Social Governance • Signed agreements with SEPL and • Comprehensive health check-ups • Established robust risk SOPL for up to 3MWp solar for 900 underprivileged villagers management framework for power supply • Supported 200 women with mitigating risks • Equity in
Slide 12: Visit Our Real Time ESG Disclosure Platform
SJS | Visit Our Real Time ESG Disclosure Platform At the core of our ethos lies a steadfast commitment to embedding environmental, social, and governance principles into our operations. Map our ESG framework with 35+ different frameworks Download ESG data Access to ESG Click to access ESG Profile fa
Slide 13: CSR – Serving the Community
SJS |CSR – Serving the Community Extended coverage of Swachh Bharat Let’s Feed the Needy organization SJS has been sponsoring Mr. Kumar initiative for garbage cleaning from 7 provides daily meals to people in need Manikandan, a paralympic athlete for the to 14 surrounding villages and at various pla
Slide 14: Q2 and H1 FY2025 Financial Performance
SJS| Q2 and H1 FY2025 Financial Performance All figures in Rs. Mn Revenue from Operation EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) YoY YoY YoY 18% 37% 51% 505 517 282 291 1,928 1,886 377 193 QoQ QoQ 1,632 QoQ 2% 3% 2% 26.6% 26.6% 15.0% 15.1% 22.9% 11.8% Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 F
Slide 15: Q2 & H1FY25 Capital Structure and Returns
SJS|Q2 & H1FY25 Capital Structure and Returns (Rs. Mn.) FY23 FY24 H1FY25 Long Term Debt 0 400 0 • Strong cash flow generation to support expansion initiatives Short Term Debt 204 283 102 Total Debt 204 683 102 • Consistent ROCE and ROE performance. ROCE and ROE were lower in FY24 due to WPI acquisit
Slide 16: Consolidated P&L Performance
SJS| Consolidated P&L Performance (INR in Mn) Q2FY25 Q2FY24 YoY% Q1FY25 QoQ% H1FY25 H1FY24 YoY% Operating Revenue 1,927.9 1,631.8 18.1% 1,886.2 2.2% 3,814.1 2,804.3 36.0% EBITDA 517.0 377.2 37.1% 505.0 2.4% 1,022.0 691.3 47.8% EBITDA Margin % 26.6% 22.9% 26.6% 26.6% 24.2% PAT 291.5 193.1 50.9% 282.4
Slide 17: Diversified Revenue Portfolio
SJS| Diversified Revenue Portfolio Revenue by Business Revenue by End Segment Revenue by Geography 5.0% 8.5% 20.9% 18.5% Q2 FY2025 35.7% 54.8% 24.3% 40.9% 91.5% SJS Exotech WPI 2W PV Consumer Others Domestic Exports 5.2% 8.0% 23.1% H1 FY2025 20.6% 34.2% 52.5% 24.3% 40.0% 92.0% SJS Exotech WPI 2W PV
Slide 18: Future Growth Outlook
Future Growth Outlook
Slide 19: Development & Delivery of New Product Pipeline Remains at the Core of SJS (1/2)
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (1/2) Driven by premiumization, new age aesthetic products to drive realization increase across categories Post WPI acquisition Rs 1,200 - 1,500 Rs 3,500 – 5,000 4 - 6x growth Per vehicle Per vehicle Per vehicle Legacy Ki
Slide 20: Development & Delivery of New Product Pipeline Remains at the Core of SJS (2/2)
SJS| Development & Delivery of New Product Pipeline Remains at the Core of SJS (2/2) Driven by premiumization, new age aesthetic products to drive to realization increase across categories Rs 300 - 500 1.5 - 2x growth Per vehicle Per vehicle Legacy Kit Value Future Kit Value SJS’ New Age Products (2
Slide 21: Strong organic growth with best-in-class margins
SJS| Strong organic growth with best-in-class margins Strategy for organic growth over FY24-26 Products: Focus on development of new technologies & advanced products • Intend to develop and introduce Optical cover glass, Illuminated logos, In Moulded Electronic (IME) parts 01 and other new gen techn
Slide 22: Inorganic Growth Expected to Boost Organic Growth Trajectory
SJS| Inorganic Growth Expected to Boost Organic Growth Trajectory Merger & Acquisitions is a Key Pillar for growth Identify New Improve Plan for next Sustaining Targets Integration Performance phase of Performance growth • WPI – Acquired in July’23, a • Exotech – SJS showed remarkable SJS will great
Slide 23: FY25 Outlook
SJS| FY25 Outlook ▪ SJS to continue its strong financial performance trajectory ▪ SJS expects to outperform the underlying industry growth by over 1.5x on account of : ▪ Premiumisation + Building Mega OEM Accounts + Exports + WPI Acquisition = Higher than industry sales growth for SJS ▪ Current orde
Slide 24: SJS Enterprises Limited Q2 FY25 Earnings Call Invite
SJS Enterprises Limited Q2 FY25 Earnings Call Invite SJS Enterprises Limited (BSE: 543387) announced its results for the quarter ended September 30th, 2024, on October 28th, 2024. Following the announcement, the management team will host a conference call for investors and analysts on October 29th,
Slide 25: Appendix
Appendix
Slide 26: Longstanding history of design backed manufacturing excellence
SJS| Longstanding history of design backed manufacturing excellence Evolution into a leading design and aesthetics focused business 2023 Walter Pack India 2021 July’23 - Acquired 90.1% stake in WPI. Focused on Exotech Plastics IMF, IML, IMD and IME 2019-20 Apr’21 - Acquisition technologies for compl
Slide 27: Diverse Product Portfolio (1/3)
SJS| Diverse Product Portfolio…(1/3) Decals & Body Graphics 2D Appliques & Dials 3D Appliques & Dials Overlays Q2FY25 Earnings Presentation September 2024 26
Slide 28: Diverse Product Portfolio (2/3)
SJS| Diverse Product Portfolio…(2/3) Aluminium Badges Domes 3D Lux Badges Aftermarket – “Transform” Q2FY25 Earnings Presentation September 2024 27
Slide 29: Diverse Product Portfolio (3/3)
SJS| Diverse Product Portfolio…(3/3) Lens Mask Assembly Optical Plastics Chrome plated parts (Exotech) IMLs / IMDs (SJS & Walter Pack India) Q2FY25 Earnings Presentation September 2024 28
Slide 30: Superior financial metrics and resilient business model
SJS| Superior financial metrics and resilient business model All figures in Rs. Mn Revenue from Operation EBITDA and EBITDA Margin (%) PAT and PAT Margin (%) 854 1,599 6,278 673 1,168 4,330 550 985 3,699 478 797 413 686 2,516 2,162 31.0% 31.2% 18.7% 18.7% 26.3% 26.3% 25.2% 14.9% 15.5% 13.6% FY20 FY2
Slide 31: Experienced & Qualified Board Team
SJS| Experienced & Qualified Board Team K A Joseph Ramesh Chandra Jain Managing Director – Promoter & Co-founder Non-Exec Chairman & Independent Director • Over 34 years of experience in aesthetics printing business • Worked for 25 years in Eicher & retired as group vice chairman • Leads the manufac
Slide 32: Experienced Management Team
SJS| Experienced Management Team MAHENDRA NAREDI R. RAJU SADASHIVA BALIGAR MAHENDER SINGH Chief Finance Officer, SJS Chief Marketing Officer, SJS Chief Operations Officer, SJS Group Chief Operations Officer, SJS • 25+ years of experience in financial • 28+ years of experience in the field of • 35+ y
Slide 33: Thank You
THANK YOU IR Contact: Compliance: Simran Malhotra / Atul Modi | Investor Relations Advisor Mr. Thabraz Hushain | Company Secretarial Churchgate Partners SJS Enterprises sjs@churchgatepartners.com; 91 22616 95988 Thabraz.Hushain@sjsindia.com