Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Q3 FY25 Earnings Presentation
31 slides from Talbros Automotive Components's earnings presentation, Feb 11, 2025
Slide 1: Exchange filing cover letter
talb r@ Talbros Automotive Components Ltd . www . talbros . com 11th February, 2025 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1, G Block Dalal Street Bandra Kurla Complex, Bandra (East) · Mumbai - 4
Slide 2: Q3 & 9M FY25 Investor Presentation
Q 3 & 9 M F Y 2 5 I NV ESTOR P RESENTATIO N February 2025
Slide 3: Talbros Automotive Components Ltd (TACL) - Group
Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs.) 9M FY24 9M FY25 Gaskets & Heat TACL Standalone 382 414 Shields Forgings TACL Standalone 203 221 9M FY24 9M FY25 866 940 Chassis 209 Marelli Talbros Chassis Systems Pvt Ltd 190 +8% Components An
Slide 4: Q3 & 9M FY25 Consolidated Performance Highlights
Q3 & 9M FY25 Consolidated Performance Highlights Total Income from Operations^ EBITDA^ Profit After Tax 16.5% 17.4% 11.3% 11.7% +1% +7% +5% 201.5 204.4 33.2 35.6 22.7 23.8 Q3 FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 15.7% 17.0% 10.3% 10.7% +9% +17% +13% 633.8 107.5 67.8 583.4 60.2 9M FY25 91.8
Slide 5: Q3 FY25 Consolidated Performance Highlights
Q3 FY25 Consolidated Performance Highlights Gasket & Heat Forgings MTCS TMR Shield +5% -5% +5% +11% 130.3 136.8 71.2 67.6 68.7 72.3 31.5 Revenues 28.5 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3FY24 Q3FY25 +9% +5% +25% +73% 22.8 12.2 12.8 11.9 3.8 21.0 EBITDA 9.5 2.2 Q3FY24 Q3FY25 Q3FY24 Q3FY25 Q3F
Slide 6: 9M FY25 Consolidated Performance Highlights
9M FY25 Consolidated Performance Highlights Gasket & Heat Forgings MTCS TMR Shield +8% +9% +10% +5% 413.7 221.2 208.6 91.6 95.9 Revenues 381.9 202.7 189.6 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 9MFY24 9MFY25 +20% +11% +27% +81% 69.6 39.0 32.1 12.1 35.0 57.9 EBITDA 25.2 6.7 9MFY24 9MFY25 9MFY24 9M
Slide 7: Across varied segments…
Across varied segments… 11% 13% 13% Domestic Breakup* 22% 19% 18% 13% 2 & 3 Wheelers 10% 13% Passenger Vehicle FY23 FY24 9M FY25 HCV & LCV Agri & Off Loaders 26% 28% 24% 34% 22% 34% Others 8% 9% 9% 4% 4% 3% Breakup (Type of OEM Market)* Exports 25% FY23 25% FY24 26% 9M FY25 After Market 63% 63% 62%
Slide 8: Strong Balance Sheet
Strong Balance Sheet Return on Capital Employed (RoCE) Return on Equity (RoE) Debt / Equity 20.4% 20.2% 0.24 19.8% 18.3% 16.5% 16.6% 0.16 0.14 FY23 FY24 H1 FY25 FY23 FY24 H1 FY25 Mar-23 Mar-24 Sep-24 RoE = PAT / Avg. Equity ; RoCE = EBIT / Avg. Capital Employed (Equity + Total Debt) (Excl proceeds f
Slide 9: New Multi year orders secured in FY25
New Multi year orders secured in FY25 Execution of Below Order Book to be implemented from FY25 ✓ In FY24, the Company secured new November 2024 orders worth Rs. 980 crores. In the April 2024 first nine months of FY25, the Company further strengthened its Received new multi years orders order book w
Slide 10: Q3 & 9M FY25 Consolidated Profit & Loss Statement
Q3 & 9M FY25 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q3 FY25 Q3 FY24 Y-o-Y Q2FY25 QoQ 9M FY25 9M FY24 YoY Revenue from Operations 201.5 198.7 1% 215.4 -6% 621.2 575.6 8% Other Income 2.9 2.7 4.8 12.6 7.8 Total revenue from Operation 204.4 201.5 1% 220.2 -7% 633.8 583.4 9% Ra
Slide 11: Hedged Portfolio…
Hedged Portfolio… 9M FY25 - Revenue Contribution Heatshields Segments Product Portfolio Market Exposure 4% TMR ▪ Gaskets ▪ 2 Wheelers ▪ OEMs 6% ▪ Heat Shields ▪ 3Wheelers ▪ After Market MTCS 13% ▪ Passenger Vehicles ▪ Forgings ▪ Exports Forgings ▪ Commercial Vehicles ▪ Chassis Systems ▪ Others 29% ▪
Slide 12: Having Diversified Customer base - Top 10 Customers
Having Diversified Customer base - Top 10 Customers FY24 9M FY25 01 Maruti Suzuki India 14% 01 Maruti Suzuki India 18% 02 TATA Motors 9% 02 TATA Motors 8% 03 Bajaj Auto 6% 03 Jaguar Land Rover 8% 04 Jaguar Land Rover 6% 04 Bajaj Auto 8% 05 TATA CUMMINS 6% 05 TATA CUMMINS 6% 06 HERO MOTOCORP 5% 06 JC
Slide 13: Gasket Business
Gasket Business ▪ ~50% Market share in Gaskets 3x the nearest competitor Total Income ▪ Market Leader in – Two-Wheeler, Agri & Off Loaders, HCV & LCV 515 segment 433 414 382 ▪ Single Source Supplier for 5 of our customers 265 287 ▪ Signed up exclusive contract with SANWA for Light Weight Aluminium H
Slide 14: Forgings Business
Forgings Business ▪ One stop solution for Hot Forging (750 to 2,500 Ton Press) Total Income ▪ Strong presence in Overseas Market & Supplier to Top Tier I companies ▪ One Stop Solution for Die Design, Machine parts and Heat treatment 277 (Normalizing and Carbohydrizing) 220 221 204 ▪ Moving towards h
Slide 15: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures Marelli Talbros Chassis Systems Pvt Ltd (MTC) Talbros Marugo Rubber Pvt. Ltd. (TMR) ✓ Magneti Marelli S.p.a (Milano) - A Fiat group company with annual ✓ Marugo Rubber Industries Ltd (Japan) - Global leader in supply of revenue of over € 6 Bn Anti-Vibratio
Slide 16: Venturing into EV
Venturing into EV FORGINGS o Marelli Talbros is working on new RFQ’s for several Supplying parts for Plug-in hybrid Indian and global OEM’s for supporting Electric Vehicles to OEMs globally development of future EV’s o Marelli Talbros Supplies Critical Suspension Components to EV’s Increased Focus o
Slide 17: JV's Performance Highlights - Total Income from Operations
JV’s Performance Highlights - Total Income from Operations Marelli Talbros Chassis Systems Talbros Marugo Rubber 260.2 122.7 209.6 208.6 95.9 84.8 164.6 136.8 124.3 54.7 45.8 41.0 FY20 FY21 FY22 FY23 FY24 9M FY25 FY20 FY21 FY22 FY23 FY24 9M FY25 4% 45% 17% 77% 6% 51% OEM Exports Others OEM Exports O
Slide 18: Capex Plans - TACL
Capex Plans - TACL Addl. Capex to reach Utilization Levels (FY24) Revenues of FY27e Gasket & Heat Shield 85% Rs. 50 Crores To be funded by Internal Accruals Capex of Rs. 25-30 Crs. Forgings 80% Rs. 60 Crores per annum Marelli Talbros Chassis Systems* 75% Rs. 80 Crores These amounts will (MTCS) be fu
Slide 19: Talbros 2.0 – The Way Forward
Talbros 2.0 – The Way Forward Increased Export Increased Comfortable Debt Higher Returns Sales Margins Profile 25% in FY23 EBITDA Margins Total Debt to to increase from RoCE to increase to remain under ~14% to to 20% + going 35% + in ~16-18% by Rs. 100 ahead FY27e crores FY27e D R I V I N G F U T U
Slide 20: About Us
About Us Over 6 Decades of experience in Auto Component manufacturing Diversified Auto Component Player Across Two Wheelers, PVs, CVs Off -Highway and Farm Equipments One of the Electric Vehicles – Supply to EV’s (Major OEM’s globally) Most Hedged Diversified Product Portfolio – Gasket & Heat Shield
Slide 21: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability Anuj Talwar – Joint Managing Director Is a Bachelor in Business Administration from college of William & Mary, Virgina, USA and Master of Business Administration from Boston University Graduate School of Management. He has been associated with the Compa
Slide 22: Strong Board of Directors
Strong Board of Directors Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Chairman Vice Chairman & MD Joint Managing Joint Managing Director & Group CFO Non-Executive Director Director Director Mr. Deepak Jain Mr Rakesh Vohra Mr. Rajat Verma Mr.
Slide 23: Executive Management
Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 18 years of experience with LeeBoy India She has over 30 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor
Slide 24: Scope of Joint Ventures
Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2
Slide 25: Evolving Product Portfolio
Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis
Slide 26: Hedged Customer Base
Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 25
Slide 27: Customer Awards for Best Performances
Customer Awards for Best Performances Appreciation Award for Response to New ACMA Atmanirbhar Award from Jaguar Land Rover Quality improvement Overall Performance to Product Development Excellence Awards for Gasket Business 2022 contest award – MTCS - 2023 2023 2022 Kirloskar Oil Engines Ltd 2021 JL
Slide 28: Historical Consolidated Profit & Loss Statement
Historical Consolidated Profit & Loss Statement Particulars (Rs. Crores) FY24 FY23 Revenue from Operations 778.3 647.2 Other Income 12.6 6.2 Total revenue from Operation 790.9 653.4 Raw Material 422.5 351.1 Employee Cost 81.1 70.7 Other Expenses 160.0 138.1 EBITDA 127.2 93.5 EBITDA Margin 16.1% 14.3
Slide 29: Historical Consolidated Balance Sheet
Historical Consolidated Balance Sheet ASSETS (Rs. Cr.) Sep-24 Mar-24 Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) Sep-24 Mar-24 Mar-23 Non-current assets Equity Property, plant and equipment 217.0 209.0 168.0 Equity Share capital 12.3 12.3 12.3 Capital work in progress 19.7 7.3 4.8 Other equity 582.9 52
Slide 30: Historical Consolidated Cash Flow Statement
Historical Consolidated Cash Flow Statement Particulars (Rs. Crores) Sep-24 FY24 FY23 PBT 56.4 146.7 70.3 Adjustments 9.7 -23.5 22.1 Operating profit before working capital changes 66.1 123.2 92.4 Changes in working capital -13.7 -33.7 -20.5 Cash generated from operations 52.4 89.4 71.9 Direct taxes
Slide 31: THANK YOU !
THANK YOU ! For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Ms. Seema Narang Mr. Deven Dhruva/ Mr. Deep Hemani seema_narang@talbros.com deven.
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