Wardwizard Innovations & Mobility Ltd. · BSE:WARDINMOBI
Wardwizard Innovations & Mobility — Q2 FY23 Earnings Presentation
40 slides from Wardwizard Innovations & Mobility's earnings presentation, Nov 2, 2022
Slide 1: Revised Investor Presentation filing letter to BSE
Innovations & Mobility Limited An ISO 9001: 2015 Company REF: WIML/BSE/IP/NOV-2022 Date: 02nd November, 2022 To Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE Scrip Code: 538970 Script ID: WARDINMOBI Ref - Wardwizard Innovations & Mobility Lim
Slide 2: Wardwizard Innovations & Mobility Ltd. Quarterly Presentation
WARDWIZARD INNOVATIONS & MOBILITY LTD. QUARTERLY PRESENTATION 1
Slide 3: Disclaimer
D I S CLAI MER This presentation has been prepared by Wardwizard Innovations & Mobility Ltd (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in con
Slide 4: Quarterly Financial Highlights
Q UARTERLY F I NANCI AL H I G HLI GHTS T O TA L R E V E N U E EBITDA (INR Mn) (INR Mn) 46 639 28 335 4.9% 6.2% Q2FY22 Q2FY23 Q2FY22 Q2FY23 P B T / PAT ( I N R M n ) VOULME (Units) 8,448 34 5,482 24 7.8% 25 8.1% 16 7.3% 6.8% Q2FY22 Q2FY23 Q2FY22 Q2FY23 3
Slide 5: Half Yearly Financial Highlights
H A L F Y EARLY F I NA NCI AL H I GHLI GHTS T O TA L R E V E N U E EBITDA (INR Mn) (INR Mn) 1186 82 4.9% 39 450 6.2% H1FY22 H1FY23 H1FY22 H1FY23 P B T / PAT ( I N R M n ) VOULME (Units) 16,715 62 8.1% 7.8% 45 7,371 31 7.3% 23 6.8% H1FY22 H1FY23 H1FY22 H1FY23 4
Slide 6: Quarterly Financial Highlights
Q UARTERLY F I NANCI AL H I G HLI GHTS Particulars (Rs Mn) Q2FY23 Q2FY22 Y-o-Y Q1FY23 Q-o-Q H1FY23 H1FY22 Y-o-Y • Q2FY23 revenues rose to Rs 639 mn led by stellar volume Volume 8,448 5,482 54% 8,267 2% 16,715 7,371 127% growth of 54 % YoY owing to increasing reach of the ASP 75,623 61,108 24% 66,124
Slide 7: Key Recent Updates
K E Y R ECENT U PDATES Sold 8,448 units of electric two-wheelers in the second quarter of FY’23 thrived 54% when compared to the same period of last fiscal Enters partnership with Nepal’s leading automobiles distributor & dealer “Mahabir Automobile” thereby foraying its dealership network internatio
Slide 8: About Us
ABOUT US __
Slide 9: About the Company
A B O UT T H E COMPANY 1ST EV BSE LISTED MANUFACTURING PROWESS The only listed company with core business of Manufacturing Facility - Plant Capacity of EV 4-6 Lakhs per year at full capacity with 2-3 shifts annually PEDIGREE 9 PRODUCT VARIANTS Crossed a Milestone revenue of More than 11 (2-Wheeler)
Slide 10: Overview
OV ERVI EW Happy & Satisafied customers 30,000+ Dealers touchpoints Pan India 700+ Zonal Office & 1 Branch Office 4 Company Owned Retail outlet 10+ 9
Slide 11: Milestones
MI L ESTONES OEM AUTOMATION OEM AUTOMATION • Sponsored India vs Ireland T20 Series known as “Joy • Inaugrated State - of – the - art OEM plant EBike Electrifying Cup) in Vadodara, Gujarat. BRAND POSITIONING • Launch of ‘Joy e-bike’s • OEM Automation plant increases the new brand LISTED ON BSE • Asso
Slide 12: Experienced Management
E X PERI ENCED MA NAGEMENT • An industry stalwart and marketing maestro, Mr. Yatin Gupte, is the Chairman & Managing Director at Wardwizard Innovations & Mobility Ltd. He is an instrumental leader who with his exemplary knowledge and path-breaking innovative ideas, is consciously working in making t
Slide 13: Experienced Management
E X PERI ENCED MA NAGEMENT SHEETAL BHALERAO – NON-EXECUTIVE SANJAY GUPTE - ED NON-INDEPENDENT DIRECTOR DEEPAK DOSHI - CFO Ms. Jaya Bharadwaj - CS • He is a National • She has almost 18 years of • He is Chartered Accountant (CA) and • Graduate in Commerce Apprenticeship Certificate experience in the
Slide 14: Experienced Management
E X PERI ENCED MA NAGEMENT MR.RAVIDRAN NAMBIAR MR. VINEET AKRE - MR. ALOK JAMDAR - MR. AJAY PAWAR - VP MR. ANNASAHEB - PRESIDENT – IB SVP - FACTORY - FACTORY KUMBHAR – AVP FACTORY VP - FACTORY • As President - International • More than 20 years • More then 30+ years of • Over 19+ years of • Leading
Slide 15: State of the Art Manufacturing Facility
STAT E O F T H E A RT MA NU FAC TURI NG FAC I LI T Y Infrastructure spread across 70k square feet. Capacity of 1 Lakh units in single shift transitioned to 2 Lakh units, with the help of automation thus increasing the volume count to 4-6 lakh Units with 2-3 shifts at full capacity utilization. Plant
Slide 16: Product Profile
P RO DUC T PROF I LE Low Speed e2W High Speed Bikes e2W WOLF GLOB GEN NEXT NANU MONSTER HURRICANE BEAST High Speed Scooter e2W E-MONSTER THUNDERBOLT WOLF+ Gen Next Nanu+ 15
Slide 17: Dealer Network
D EALER NE TWORK STATE NO OF DEALERS STATE NO OF Delhi 10 DEALERS J&K 6 Uttarakhand 14 Haryana 18 Bihar 48 Punjab 13 Assam 1 Uttar Pradesh 80 Chhattisgarh 19 Rajasthan 74 Jharkhand 9 Gujarat 175 Odisha 16 Maharashtra 130 West Bengal 24 Kerala 1 Madhya Pradesh 79 Karnataka 8 Goa 2 INTERNATIONAL NO OF
Slide 18: Branding & Marketing
B R A NDI NG & MA R KETI NG S P O N S O R E D – M AT C H B E T W E E N I N D I A & I R E L A N D 17
Slide 19: Outlets
O U T LETS J oy E bi ke E xclusive S h owroom a re p resent 1 0+ d i fferent l o cations 18
Slide 20: Events & Campaigns
E V ENTS & C A MPAI GNS EV EXPO participation in Bangalore, Mumbai and West Bengal with the core idea of B2B and brand positioning Pune Alternate Fuel Conclave 2022 We have our brand hoardings on participation by Joy Ebike HPCL Petrol Pumps in 460+ location in India. 19
Slide 21: Marketing Campaigns
MA R K ETI NG C A MPA I GNS Joy EBike partnered with The Kapil Sharma Show as the co-presenter. For the show to have mass brand awareness. Joy EBike had a partnership with AajTak for event like: MasterStroke and Joy EBike Reporter and other prime time shows. 20
Slide 22: Marketing Campaigns
MA R K ETI NG C A MPA I GNS Joy EBike SMEV Article Joy EBike Festive Season Print Ads for the dealership network. Bharat Ka Joy 20 Sec TVC 21 in the television
Slide 23: Awards & Accolades
Innovation for a Cause! Mr. Yatin Gupte, Chairman & MD. Wardwizard Innovations & Mobility Ltd. is facilitated with the "Most Enterprising business leader promoting innovation and environmental conservation” award at The House of Commons, London, UK by Asian UK Business Meet & Awards 2022 Ceeate of E
Slide 24: Industry Update
I NDUSTRY U PDATE 23
Slide 25: Vehicle Categories and Associated Services in Indian Market
V E HI CLE C ATEGORI ES A ND A S S O CI ATED S E RVI CES I N I ND I AN MA R K ET 24
Slide 26: Need for India to Shift its Mobility Strategy
NE ED FOR I NDI A TO S H I FT I TS MOB I LI T Y S T R ATEGY Global temperature is rising every year; 19 out of the 20 G l obal Warming 03 warmest years have occurred in the 21st century Growth in Domestic India is among the most polluted countries in the Pollution 02 world; ranked fifth in world’s t
Slide 27: Benefits of Electric Vehicle
B E NEFI TS OF E LEC TRI C V E HI CLE E V s A R E S I M P L E R : EVs have lesser components and live 3.5 times longer than ICE vehicles Moving Parts Wearing Parts ICE 150 ICE 24 EV 24 EV 11 E V s A R E M O R E P O W E R F U L : EVs can offer full torque at zero RPM, whereas ICE vehicles can only op
Slide 28: EV Penetration in India
E V - PE NETRATI ON I N I NDI A 4.7% 1.9% 2W EV registrations & Penetration (%) 3W EV registrations & Penetration (%) 1.1% 10 222 0.3% 0.7% 0.1% 0.1% 6 1.1% 0.3% 0.0% 4 40 2 24 24 1 2 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 2W EV registrations ('000) 3W EV registrations ('000) Growing Shar
Slide 29: Lithium-Ion Battery
L I THI UM - I ON BAT TERY • India is still dependent on imports for lithium-ion batteries (LiB) • Ninety percent of the total LiB demand will be driven by automotive applications. • The demand for lithium-ion batteries (LiB) in India has been driven by portable applications (consumer electronics li
Slide 30: Way Forward
WAY FO RWARD 29
Slide 31: Way Forward
WAY FORWARD PAN INDIA PRESENCE NEW PRODUCT LAUNCHES Company would be launching 1 more robust high speed To Have Presence Pan India by 2023 electric vehicle and, entering to 3-Wheeler passenger vehicle FIRST EV ANCILARY CLUSTER IN INDIA -- To begin with first of its kind in India, EV Ancillary Cluste
Slide 32: EV Ancillary Cluster
E V - A NC I LLARY C LU STER Already acquired a 4 million sq Ft land for the cluster The cluster will consist of R&D center & production center for manufacturing of electric two wheelers & three wheelers Signed MoU with Gujarat Government with the investment of 500cr for research and development of
Slide 33: How Do We See Growth Panning Out Over the Longer Haul
H OW D O WE S E E G ROWTH PA NNI NG O U T OV ER T H E LO NGER H AUL Strengthening its pole position in key Expansion of dealership network markets like Gujarat, Maharashtra, count to 1500 in next 2 years Kerala, Karnataka. MP and Rajasthan The volume contribution from these states are roughly about
Slide 34: How Do We See Growth Panning Out Over the Longer Haul
H OW D O WE S E E G ROWTH PA NNI NG O U T OV ER T H E LO NGER H AUL Better Margins & New Product launches Capex + New Markets Exports of E2W & E3W Scaling up utilization levels in the range of 70- Setting up assembly facility that will Over the last decade every country is 80% in the next 2-3 years
Slide 35: Financial Update
F I NANCI AL U P DAT E 34
Slide 36: Financial Highlights
F I NANCI AL H I GHLI GHTS Net Worth Cash and Bank Balances 663 (INR Mn) (INR Mn) 171 622 11 FY22 H1FY23 FY22 H1FY23 Gross and Net Working Capital Capital Expenditure (INR Mn) (INR Mn) 1304 1295 413 362 136 85 0 0.3 FY22 H1FY23 FY22 H1FY23 Gross Working Capital Net Working Capital PP&E Capital WIP 3
Slide 37: Profit & Loss Statement
P RO FI T & LOS S STATEMENT Particular (Rs mn) Q2 FY21 Q3 FY21 Q4 FY21 FY 21 Q1 FY22 Q2 FY22 Q3FY22 Q4FY22 FY22 Q1FY23 Q2FY23 Income from operations 68.8 106.8 182.5 393.2 114.6 335.0 581.1 814.9 1845.6 546.6 638.9 Other income 0.2 11.8 -11.5 0.5 0.7 0.2 1.9 3.0 5.8 0.6 0.9 Total Income 69.0 118.6 1
Slide 38: Balance Sheet
BA L ANCE S H EET Rs. mn FY22 H1FY23 Rs. mn FY22 H1FY23 Share capital 259.2 259.2 Tangible Assets 360.4 409.9 Other Equity 363.2 404.0 Capital WIP 0 0.3 Non-Controlling Interest 0 0 Intangible Assets 1.3 2.7 Shareholder’s Funds 622.43 663.3 Unallocated Capex 0 0.0 Non-current Financial Liabilities 2
Slide 39: Annexures
3.01 0.3 26.6 Promoter FPI A NNEXURES Bodies Corporate 70.09 Retail 0.0 -40.0 10.0 20.0 30.0 40.0 50.0 -30.0 -20.0 -10.0 5-Apr-21 12-Apr-21 19-Apr-21 26-Apr-21 3-May-21 10-May-21 17-May-21 24-May-21 31-May-21 7-Jun-21 14-Jun-21 21-Jun-21 28-Jun-21 5-Jul-21 12-Jul-21 19-Jul-21 26-Jul-21 2-Aug-21 9-Au
Slide 40: Thank you
Thank you Mr. Deepak Doshi Vivek Jain Chief Financial Officer Investor Relations Wardwizard Innovations & Mobility Ltd KFin Technologies Private Ltd Email: cfo@wardwizard.in Phone: +91-8928791740 Email: vivek.jain@kfintech.com 39
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