Fiem Industries Limited · NSE:FIEMIND
Fiem Industries — Q4 FY24 Earnings Presentation
47 slides from Fiem Industries's earnings presentation, May 2024
Slide 1: Investor Presentation Q4 & FY24
S FIEM INDUSTRIES LTD. Cm , Piean Investor Presentation _@m\s LIGHT UP THE WORLD Q4 & FY24
Slide 2: Executive Summary
EXECUTIVE SUMMARY Overview • Fiem Industries Ltd. (FIEM) was founded and incorporated in 1989 by Mr. J.K. Jain. • The Company was listed on BSE and NSE in 2006. • FIEM is one of the leading manufacturers of Automotive Lighting & Signalling Equipment's and Rear View Mirrors in India. FIEM is among fi
Slide 3: Financial Summary (Standalone)
FINANCIAL SUMMARY (STANDALONE) Turnover (Net) Rs. in million 25,000 20,144 20,000 18,340 15,577 14,340 13,662 15,000 12,075 10,000 5,000 0 FY19 FY20 FY21 FY22 FY23 FY24 FY24 Segment wise FY24 Revenue Breakup Automotive FY24 Revenue Breakup Automotive FY24 Revenue Breakup Automotive Sales Breakup Seg
Slide 4: Financial Summary (Standalone) Q4FY24
FINANCIAL SUMMARY (STANDALONE) Q4FY24 Segment wise Q4FY24 Revenue Breakup Q4FY24 Revenue Breakup Q4FY24 Revenue Breakup Sales Breakup Automotive Segment - Product Mix Automotive Segment - OEMs / Automotive Segment - 2 Repl. Market / Exports Wheeler / 4 Wheeler 0.52% 6.28% 3.30% 6.39% 1.52% 12.10% 32
Slide 5: Company Overview
5 • The Company was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989 in New Delhi and was founded by Mr. J.K. Jain, who is a first generation entrepreneur and is in the automotive lighting business since 1970’s. • FIEM is one of the leading manufacturers of automoti
Slide 6: Promoters & Whole Time Directors
PROMOTERS & WHOLE TIME DIRECTORS Mr. J. K. Jain Chairman & Managing Director Mr. Rahul Jain Mrs. Seema Jain Ms. Aanchal Jain Joint Managing Director Whole-time Director Whole-time Director Aged 72 years, he is the Chairman and Managing Aged 37 years, he was inducted on the Director of our Company. A
Slide 7: Promoters & Whole Time Directors
PROMOTERS & WHOLE TIME DIRECTORS Mr. Rajesh Sharma Mr. Vineet Sahni Mr. Kashi Ram Yadav Joint Managing Director CEO & Director Whole-time Director Aged 61 Years, he joined the Company in Aged 59 years, he is a veteran and an inspirational business leader in Aged 68 years, he is the Whole-time Septem
Slide 8: Fiem Journey
FIEM JOURNEY 2018 - 2020 2015-2017 2007-2013 1996-2006 1989-1994 • 2018 – Joint Venture with • 2015 – Starting receiving Tenders Aisan Industry Co. Ltd., Japan from EESL for LED Bulbs and and Toyota Tsusho India Pvt. Street Lights. Ltd. for manufacture of Fuel • 2016 – Unit -9, Ahmedabad Pump Module
Slide 9: Our Presence
w LIGHT UP THE WORLD jem Research And Technology S.r.l. Italy (Wholly-Owned Subsi Unit Vl, R&D & Testing Facility (Rai Sonepat, Haryana) “Fy Fiem Industries Japan Co. Ltd., Japan (Wholly-Owned Subsidiary) MFG.UNITS R&D/DESIGNCENTRES OFFICES Unit-Vill, Tapukara (Rajasthan) eee 6 R&D Centre & Read. Of
Slide 10: Govt. Approved R&D Centre
GOVT. APPROVED R&D CENTRE • FIEM’s state of the art R&D Centre offers its clients design and development capabilities in Automotive Lighting & Signalling Equipments and Rear View Mirrors which meet the specifications of the clients requirements. • Government of India, Ministry of Science and Technol
Slide 11: Automotive LED Light Journey
AUTOMOTIVE LED LIGHT JOURNEY 11
Slide 12: Product Range
PRODUCT RANGE 12
Slide 13: Product Range
PRODUCT RANGE MY LIGHT UP THE WORLD
Slide 14: Harley-Davidson & Hero MotoCorp Launched in India
HARLEY-DAVIDSON & HERO MOTOCORP LAUNCHED IN INDIA LED HEAD LAMP by FIEM LED TAIL LAMP by FIEM 14
Slide 15: Product Range
l/ ° PRODUCT RANGE MY @YAMAHA
Slide 16: Product Range
PRODUCT RANGE Wy LIGHT UP THE WORLD $ SUZUKI
Slide 17: Product Range
LIGHT UP THE WORLD l/ ° PRODUCT RANGE MY
Slide 18: Product Range
PRODUCT RANGE we LIGHT UP THE WORLD HARLEY-DAVIDSON
Slide 19: Product Range
LIGHT UP THE WORLD l/ ° PRODUCT RANGE MY (Sirraccio
Slide 20: Fiem Advantage
STRONG CLIENT BASE MANUFACTURING EDGE...COST SAVING TO • FIEM has a strong client base of more than 50 OEMs THE CUSTOMERS and is supplying to its prestigious customers since their • State-of-the-art manufacturing facilities located close to inception. the OEM Customers offering Logistic cost saving
Slide 21: Accolades Received
ACCOLADES RECEIVED Award for Strong Effort for Cost Reduction for the year 2022-23 From Honda Motorcycle & Scooter India. 21
Slide 22: Accolades Received
ACCOLADES RECEIVED Consistent Quality Performance Award for the year 2021-22 from TVS Motor Company Limited 22
Slide 23: Accolades Received
ACCOLADES RECEIVED Certificate of Excellence for Best Best Performance in Delivery Award Performance Quality for the year 2021 for the year 2022 from Kubota from Kubota 23
Slide 24: Accolades Received
ACCOLADES RECEIVED Appreciation Award - 2023 from Hyundai Motor India 24
Slide 25: Accolades Received
ACCOLADES RECEIVED Award for ‘Excellence Performance in Quality Metrics’ for the year 2022 from Daimler India Commercial Vehicles. 25
Slide 26: Accolades Received
ACCOLADES RECEIVED Appreciation Award for Special Support for the year 2021-22 from Yamaha Motor India Group 26
Slide 27: Accolades Received
ACCOLADES Global Award for Excellence in Technology and RECEIVED Development from Yamaha Motor Co., Ltd. Japan-2019 In recognition of outstanding achievement in the development of advanced technology in 2018 development of the "World's Smallest Bi-Function Lighting Module for Two-wheelers' with PES
Slide 28: Accolades Received
ACCOLADES RECEIVED Global Contribution Award, 2020 from Yamaha Motor Co., Ltd. Japan “ In recognition of your outstanding achievement in the global business operations and positive reinforcement of competitiveness in 2019, thereby realizing MONOZUKURI procurement and significantly improving the prod
Slide 29: Accolades Received
ACCOLADES RECEIVED Appreciation Award for Development and Shipping Control 2018 from India Yamaha Motor Pvt. Ltd.-2019 29
Slide 30: Accolades Received
ACCOLADES RECEIVED Performance Award (Cost Reduction) for year 2018-19 from Suzuki Motorcycle India Pvt. Ltd-2019 30
Slide 31: Accolades Received
ACCOLADES RECEIVED Award for Delivery Management 2019-20 from Honda Motorcycle and Scooter India Pvt. Ltd. 31
Slide 32: Accolades Received
ACCOLADES RECEIVED MORE THAN 50+ AWARDS SINCE 1991 32
Slide 33: Automotive Lights
AUTOMOTIVE LIGHTS FIEM is one of the most renowned names in Automotive Lightings & Signalling Equipments with Automotive Light Contribution (Rs. In mn) the history of around four decades. The company is associated with some of the most prestigious 16,000 14494 OEM customers in India. 13,127 14,000 •
Slide 34: Rear View Mirrors
REAR VIEW MIRRORS • Rear-View Mirror – FIEM has 6 state-of-the-art mirror manufacturing plants in its different units having all the processes in-house which includes: Rear View Mirror Contribution (Rs. In mn) • Mirror Plate Making - Profile cutting, Washing, Grinding, Convexing, 3,000 • Cleaning, A
Slide 35: Plastic Moulded Parts
PLASTIC MOULDED PARTS • Plastic Moulded Parts – Plastic moulding is integral part of automotive lighting as well as rear view mirrors, as these parts are required to make final assembly of all the products. Plastic Moulded Parts Contribution (Rs. In mn) • FIEM has installed world class more than 450
Slide 36: Others
OTHERS Others Automotive Segment Include items contributing less than 10% of Total Sale, mainly includes Fabrication items, Canister, Bank Angle Sensor etc. Others Contribution (Rs. In mn) • Sheet Metal Parts (fabrication Item) – FIEM has full fledged sheet metal fabrication facilities as 1800 8 wel
Slide 37: Our Customers
OUR CUSTOMERS FY24 and FY23 Top Clientele Contribution – Automotive Segment FY24 HONDA GROUP 11.05% TVS MOTOR COMPANY 3.43% 28.49% INDIA YAMAHA 7.04% SUZUKI MOTORCYCLE 9.45% REPLACEMENT MARKET EICHER ROYAL ENFIELD OTHER CUSTOMERS 14.18% 26.36% FY23 HONDA GROUP 11.96% TVS MOTOR COMPANY 3.60% 29.08% I
Slide 38: Our Customers
OUR CUSTOMERS Q4FY24 and Q3FY24 Top Clientele Contribution – Automotive Segment Q4FY24 HONDA GROUP 12.36% TVS MOTOR COMPANY 2.87% 28.97% INDIA YAMAHA 6.39% SUZUKI MOTORCYCLE 9.25% REPLACEMENT MARKET EICHER ROYAL ENFIELD OTHER CUSTOMERS 14.74% 25.42% Q3FY24 HONDA GROUP 9.80% 3.23% TVS MOTOR COMPANY 2
Slide 39: LED Display Systems
LED DISPLAY SYSTEMS • Integrated Passenger Information System with LED Display (IPIS or PIDS) is an electronic information system which LED Integrated Passenger Information System provides real-time passenger information. Railway • Passenger information delivered in relevant locations along the bus
Slide 40: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) FY19 FY20 FY21 FY22 FY23 FY24 Total Income (Net of GST and Includes other Income) 14,499 13,812 12,243 15,749 18,589 20,447 Expenses 12,919 12,226 10873 13,783 15,995 17,600 EBITDA (Including Other Income) 1,580 1,586 1370 1,966 2,594 2,847 EBITDA M
Slide 41: Consolidated Balance Sheet Highlights (As per Ind-AS)
CONSOLIDATED BALANCE SHEET HIGHLIGHTS (AS PER IND-AS) Particulars (INR Mn) 31.03.22 31.03.23 31.03.24 Particulars (INR Mn) 31.03.22 31.03.23 31.03.24 ASSETS EQUITY AND LIABILITIES A. EQUITY I. NON CURRENT ASSETS Equity Share Capital 132 132 263 a) Property, Plant and Equipment 4,742 4,609 4,640 Othe
Slide 42: Standalone Income Statement
STANDALONE INCOME STATEMENT Particulars (INR Mn) FY19 FY20 FY21 FY22 FY23 FY24 Total Income (Net of GST and Includes other Income) 14,449 13,787 12243 15,749 18,588 20,438 Expenses 12,888 12,203 10871 13,789 16,002 17,599 EBITDA (Including Other Income) 1,561 1,584 1,372 1,960 2,586 2,839 EBITDA Mar
Slide 43: Standalone Balance Sheet Highlights (As per Ind-AS)
STANDALONE BALANCE SHEET HIGHLIGHTS (AS PER IND-AS) Particulars (INR Mn) 31.03.22 31.03.23 31.03.24 Particulars (INR Mn) 31.03.22 31.03.23 31.03.24 ASSETS EQUITY AND LIABILITIES I. NON CURRENT ASSETS A. EQUITY Equity Share Capital 132 132 263 a) Property, Plant and Equipment 4,740 4, 604 4,630 Other
Slide 44: Standalone Financial Overview
STANDALONE FINANCIAL OVERVIEW REVENUE (Rs. In mn) EBITDA (Rs. In mn) Excluding Other Income 25,000 3,000 2,680 20,278 2,478 18,480 2,500 20,000 15,723 1,934 14,449 2,000 15,000 13,770 12,209 1,553 1,558 1,500 1,306 10,000 1,000 5,000 500 0 0 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY2
Slide 45: Standalone Financial Overview
STANDALONE FINANCIAL OVERVIEW GROSS BLOCK (Rs. In mn) LONG TERM LOANS (Rs. In mn) 10,000 9,833 1,400 1,300 9,800 9,735 1,200 9,600 9,411 9,400 9,282 1,000 920 9,171 9,200 800 9,000 8,800 600 508 8,612 8,600 400 8,400 205 200 8,200 0 0 8,000 0 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY
Slide 46: Standalone Financial Overview
STANDALONE FINANCIAL OVERVIEW ROCE & ROE BOOK VALUE PER SHARE 400 366 30.00% 25.08% 24.96% 350 25.00% * 289 16.63% 19.62% 300 20.00% 16.54% * 246 19.85% 20.16% 250 * 15.00% *201 218 11.66% 15.60% * 14.92% 200 181 10.00% 11.64% 150 5.00% 8.55% 100 0.00% FY19 FY20 FY21 FY22 FY23 FY24 50 0 ROCE ROE FY1
Slide 47: Safe Harbor Disclaimer
SAFE HARBOR DISCLAIMER : This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securiti