Wheels India Limited · NSE:WHEELS
Wheels India — Investor Presentation (September 2023)
21 slides from Wheels India's investor presentation, September 2023
Slide 1: Wheels India Limited Investor Presentation September'23
Wheels India Limited Investor Presentation September’23 111
Slide 2: TSF Group Overview
TSF Group Overview • Companies part of the T S Santhanam family ~$2.7 Bn. Consolidated with lineage from the erstwhile TVS Group Turnover FY22 • Diversified portfolio across Auto components, Dealerships & Distribution and Financial 1936 services Since 15 36+ Business • Global supply chain partner wi
Slide 3: TSF Group Companies
TSF Group Companies TSF Group Auto Components Auto Distribution & Dealerships Finance and Insurance Brakes India Sundaram Finance India Motor Parts & Accessories Wheels India Limited Royal Sundaram General Insurance Turbo Energy Sundaram Motors Sundaram Home Finance Axles India Madras Auto Sundaram
Slide 4: Promoters & Value system of TSF
Promoters & Value system of TSF Wheels India Limited (WIL) is part of the TSF Group and was established in 1960 WIL is a listed Company, wherein Promoters hold 58.73 % of the equity capital . Value systems of WIL are Relationships, Integrity , Customer Centricity and Excellence . 4
Slide 5: Wheels India Ltd - Company Profile
Wheels India Ltd - Company Profile Tractor & Earth mover wheels Automotive - Steel & Aluminium Wheels 1960 Establishment Components for Wind Turbines Air suspension & Lift axles ~8,500 Workforce Fab Sector Hydraulic Cylinders 10 Units Manufacturing plants $ 530 Million Railways WIL Car Wheels Ltd $
Slide 6: Journey of Wheels
Journey of Wheels WIL RENEWABLE CAST ALLOY ESTABLISHED CHASSIS AND ENERGY WHEELS PLANT, AT PADI, CONSTRUCTION EARTHMOVER FORGED SUSPENSION COMPONENTS, THERVOY CHENNAI, PASSENGER EQUIPMENT WHEELS ALLUMINIUM PRODUCTS IRUNGATTUKOTT KANDIGAI, TAMIL NADU CAR WHEELS WHEELS – - 1996 WHEELS PADI - 1986 AI-
Slide 7: Manufacturing Capability
Manufacturing Capability Passenger Car / UV Car / UV Wire Wheels CV – Tube type Commercial Vehicle CV - Tubeless Forged Aluminium Wheels Aluminium Wheels Cast Aluminium Wheels Off Road & Tractor Wheels Tractor Construction wheels Air Air Suspension Suspension Lift Axles Fab & Fabrication for CE Hydr
Slide 8: Plant Locations
Plant Locations Padi - CV, TR, LP, EM, AS, WW & Rampur - CV , LP , EM & TR Pune - CV, TR & LP Sriperumbudur - EM, SPDC & FAW AS Namachivayapuram - FAB Pukkathurai - WTC Mambakkam - AS Thervoy Kandigai - CAW Legend CV Commercial Vehicles TR Tractor LP Light Passenger Vehicle EM Earth mover Wheels AS
Slide 9: Key Customers
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Slide 10: Accreditations/Awards
Accreditations/Awards General Motors Supplier Quality Caterpillar Supplier Excellence Overall Performance award Excellence Award 2020 Award 2022 by MSIL ISO 14001: 2015 & IATF 16949 Certification ISO 9001:2015 CERTIFICATION ISO 45001:2018 Certification 10 10
Slide 11: Business Overview
Business Overview WIL a leader in automotive wheels business , operates in two business segments , namely automotive products and industrial products . WIL has the following businesses in its fold ; Automotive wheels division Construction equipment division comprising wheels, fabrications and hy
Slide 12: Sales growth & Export Sales Growth
Sales growth & Export Sales Growth Values in INR Cr Sales growth 4355.56 3701.07 3188.84 2438.72 2215.94 2018-19 2019-20 2020-21 2021-22 2022-23 Export Sales growth 1000.65 976.20 609.67 566.01 487.75 19.12% 20.00% 25.54% 27.04% 22.41% 2018-19 2019-20 2020-21 2021-22 2022-23 Export Sales % on total
Slide 13: Q2 FY24 Summary Financials
Q2 FY24 (Quarter) Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% Q2 FY 24 Q2 FY 23 31-03-2023 Gross revenues 1,189.28 1,104.57 4,344.63 7.7% EBITDA 53.08 60.02 246.28 -11.6% Interest 26.87 23.54 95.66 14.1% Depreciation 19.76 17.02 68.47 16.1% PBT 6.45 19.46 82
Slide 14: H1 FY24 Summary Financials
H1 FY24 Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% H1 FY 24 H1 FY 23 31-03-2023 Gross revenues 2,322.30 2,154.96 4,344.63 7.8% EBITDA 116.87 111.08 246.28 5.2% Interest 54.72 44.03 95.66 24.3% Depreciation 38.73 33.90 68.47 14.2% PBT 23.42 33.15 82.15 -29.4
Slide 15: Segment Revenue – Q2 FY24
Segment Revenue – Q2 FY24 Values in INR Cr / % Segmental Revenue Q2 FY 24 Q2 FY 23 22-23 GOLY % Automotive components 986 909 3,607 8% Industrial components 198 193 714 3% Revenue from operations 1,184 1,103 4,321 7% Segmental EBIT Q2 FY 24 Q2 FY 23 22-23 GOLY % Automotive components 33.45 40.91 178
Slide 16: Segment Revenue – H1 FY24
Segment Revenue – H1 FY24 Values in INR Cr / % Segmental Revenue H1 FY 24 H1 FY 23 22-23 GOLY % Automotive components 1,914 1,825 3,607 5% Industrial components 399 324 714 23% Revenue from operations 2,313 2,149 4,321 8% Segmental EBIT H1 FY 24 H1 FY 23 22-23 GOLY % Automotive components 71.67 93.2
Slide 17: Capex
Capex Values in INR Cr 200.81 200.00 192.92 144.17 129.63 111.86 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24 (Est) Major Capex (new plant) recently Cast aluminium wheel plant was set up in 2020-21, at a cost of Rs 200 crs in Thervoykandigai, near Chennai . Machining plant to cater the wind turbi
Slide 18: Base Frame for Wind turbine generator
Base Frame for Wind turbine generator (from Machining Plant in Thervoykandigai) 18
Slide 19: Funding metrics
Funding metrics Values in INR Cr/Percentage DEBT Debt Equity 1.26 838.26 1.02 755.20 0.96 578.40 609.17 0.80 1.08 452.88 2018-19 2019-20 2020-21 2021-22 2022-23 2018-19 2019-20 2020-21 2021-22 2022-23 During H1 FY24 debt has declined by Rs 37 crs Debt equity is dropped to 1.01x in H1 FY24 111.27 Deb
Slide 20: ROCE & RONW and key strategies
Key strategies & focus areas, going forward …. Percentage ROCE & RONW Grow exports across automotive wheels, construction equipment and wind turbine sectors Ramp-up cast aluminium wheel business Ramp-up the new facility for machining of large castings Grow the fabrication & hydraulic cylinde
Slide 21: Thank you
Thank you 21
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