Slide 1: Minda Corporation Limited Q3 FY2016 Consolidated Earnings Presentation
INVESTOR CAPABILITY LEADERSHIP BUSINESS COMMUNITY RELATIONS BUILDING DEVELOPMENT PROFITABILITY EMPOWERMENT Safety, Security and Restraint Systems Driver Information and Minda Corporation Limited Telematics Systems (NSE: MINDACORP; BSE: 538962) Q3 FY2016 Consolidated Earnings Presentation February 9,
Slide 2: Important Notice
Important Notice This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future busi
Slide 3: Financial Highlights
Financial Highlights Total Revenue increased by 22.5% Y-o-Y to Rs. 6,565 million Q3 FY2016 vs. EBITDA increased by 21.7% Y-o-Y to Rs. 712 million Q3 FY2015 Profit after Tax increased by 31.4% to Rs. 316 million, Margins (Consolidated) expanded by 32 bps Total Revenue increased by 21.8% Y-o-Y
Slide 4: Management Commentary
Management Commentary Strong performance amidst an uncertain recovery in the domestic automotive industry “Minda Corporation continued relentlessly on its path of business excellence and reported yet another quarter of strong performance. Our topline remained robust registering a growth of 22.5% y-o
Slide 5: Recent Corporate Developments
Recent Corporate Developments Significant Corporate Developments • Production of ABS wiring harness for a Commercial vehicle OEM started • Production ramp-up for a specific model of Renault • New business win for LCV Instrument Cluster from a Commercial vehicle OEM • Business nomination for specific
Slide 6: Industry Overview
Industry Overview Passenger Vehicles – Domestic Sales Commercial Vehicles – Domestic Sales 14.6% 15.0% 14.0% 11.0% 12.0% 12.0% 9.5% 10.0% 9.0% 5.5% 6.2% 6.3% 8.0% 6.0% 4.6% 3.6% 6.0% 2.6% 4.0% 3.0% 2.0% 4.0% 0.0% 0.0% Q4 CY14 Q1 CY15 Q2 CY15 Q3 CY15 Q4 CY15 Q4 CY14 Q1 CY15 Q2 CY15 Q3 CY15 Q4 CY15 Y-
Slide 7: Consolidated Financial Performance
Consolidated Financial Performance Key Financial Statistics Q3 y-o-y Q2 q-o-q Nine months ended y-o-y (Rs. Million) FY2016 FY2015 Growth (%) FY2016 Growth (%) FY2016 FY2015 Growth (%) Total Revenue 6,565 5,359 22.5% 6,162 6.5% 18,008 14,788 21.8% EBITDA 712 585 21.7% 638 11.7% 1,851 1,515 22.2% Marg
Slide 8: Consolidated Financial Performance
Consolidated Financial Performance Revenue (Rs. million) EBITDA (Rs. million) and Margin (%) 18,008 1,851 14,788 1,515 10.9% 10.8% 6,565 585 712 10.2% 10.3% 5,359 Q3 FY15 Q3 FY16 9M FY15 9M FY16 Q3 FY15 Q3 FY16 9M FY15 9M FY16 PBT (Rs. million) and Margin (%) PAT (Rs. million) and Margin (%) 1,118 8
Slide 9: Consolidated Revenue Metrics
Consolidated Revenue Metrics Revenue Breakdown by Product Category Revenue Breakdown by Geography 100% 100% 7% 7% 6% 4% 5% 18% 20% 17% 13% 14% 24% 18% 20% 16% 80% 80% 23% 60% 37% 42% 39% 43% 50% 60% 40% 40% 75% 74% 80% 81% 70% 20% 39% 40% 41% 40% 37% 20% 0% 0% Q3 FY15 Q4 FY15 Q1 FY16 Q2 FY16 Q3 FY16
Slide 10: Capital Structure
Capital Structure Particulars (Rs. million) 31 Dec 15 31 Mar 15 Net Debt / EBITDA(x) & Net Debt / Net Worth(x) Short Term Borrowings 3,702 3,212 2.17x Long Term Borrowings 1,460 1,807 1.90x Total Debt 5,162 5,018 Less: Cash & Cash 0.98x 0.85x 471 441 Equivalents Net Debt / (Net Cash) 4,691 4,577 Net
Slide 11: Key Growth Drivers
Key Growth Drivers Focused approach to tap potential growth opportunities Incremental demand for high value add products such as ABS wiring harness, SRC for 1. airbags and Immobiliser systems led by increased focus on road safety Increasing content of electronics and sensors in the vehicles; immense
Slide 12: Appendix
Appendix 12 Minda Corporation – Q3 FY2016 Earnings Presentation
Slide 13: Business Overview – Company Background
Business Overview – Company Background Minda Corporation, the flagship company of Spark Minda, Ashok Minda Group Diversified Business Catering to End Market Strategic Geographic Segments across Auto Industry Presence CARS M&HCV Czech Republic Germany Poland Japan India LCV 2/3 Wheelers Vietnam Indon
Slide 14: Business Overview – Product Categories
Business Overview – Product Categories Diversified Product Portfolio Category Product Porfolio Company Products Group Corp Corporate Office • Minda Management Services Ltd. • Minda Corporation Ltd. Electronic & Mechanical locks, Safety Door handles, Die casting • Minda VAST Security Systems Pvt. Ltd
Slide 15: Minda Corporation Limited
Investor Relations Contact Minda Corporation Limited (CIN: L74899DL1985PLC020401) Deepak Balwani deepak.balwani@minda.co.in Corporate Office: Plot No: 68, Echelon Minda Corporation +91 124 4698485 Institutional Area, Sector-32, Gurgaon-122001, Haryana (India). Tel: +91-124-4698400; Fax: +91-124-4698