Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Investor Presentation (March 2020)
62 slides from Lumax Auto Technologies's investor presentation, Mar 4, 2020
Slide 1: Investor Presentation for March 2020 (exchange cover letter)
Lumax”™ LATL:CS:IP:2019-20 Date: 04.03.2020 BSE Limited The National Stock Exchange of India Limited Listing Compliance Department Listing Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400 001 Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Co
Slide 2: Lumax Auto Technologies Limited Investor Presentation – March 2020
Lumax Auto Technologies Limited Investor Presentation – March 2020
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 14 Entities in 8 States 29 Manufacturing Facilities 4 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 3
Slide 5: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY19 Revenue of Rs. 3,370 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Shift Tower, Seat Structures, LED Lighting, Aftermarket, Telematics Products and Se
Slide 6: Purpose, Vision & Values
Purpose, Vision & Values LUMAX # 1K JAIN sna manna OUR GROUP OUR VALUES OUR VISION PURPOSE Resovect Buising vt admired We celiver . high performance ; Integrity pride gnty phal orqarisetion ir and Passion whom all scekebalde = progress ‘ veh Excellence Lee apen ee a positivity * x LUMAX — ral
Slide 7: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV 6
Slide 8: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 7
Slide 9: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 37.5% in Lumax 78.72% in SL Lumax 50% in Lumax Cornaglia Auto Industries Limited L
Slide 10: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence JAPAN ISRAEL SPAIN EXCLUSIVE DISTRIBUTORSHIP JV FOR SALE OF TELEMATICS AGREEMENT PRODUCTS AND SERVICES JV FOR OXYGEN SENSORS Relationship Since 2017 Relationship Since 2017 Relationship Since 2014 50% in Lumax Ituran Telematics Pvt. Ltd. 49% in Lumax FAE
Slide 11: Acquisition of Automotive Roto Moulded Plastic Auto Component Business of OK Play Group
Acquisition of Automotive Roto Moulded Plastic Auto Component Business of OK Play Group Objects of Cash Purchase Acquisition Acquisition Consideration ▪ The Board of Directors of ▪ Acquisition will provide ▪ Initial Purchase the company approved LATL access to latest Roto Consideration: the acquisit
Slide 12: 29 Locations close to Customers
29 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridw
Slide 13: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer ▪ A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team ▪ Environment-conscious work ▪ Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 14: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 15: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 16: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 17: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Intake Systems, Integrated Plastic
Slide 18: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 19: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Allied
Slide 20: Milestones
Milestones 2017: Chakan plant received TPM excellence award from JIPM Formed a JV with Ituran Location 2020 2018: Setup an R&D center and Control Limited, Israel to under Lumax Cornaglia Auto provide Telematics Products and Technologies Pvt Limited at Services Pune 2020: Bengaluru plant has Formed a
Slide 21: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 50% 55% 100% 100% Lumax Cornaglia Lumax Gill-Austem Lumax Mannoh Lumax Management Lumax Integrated Auto Technologies Auto Technologies Allied Technologies Services Pvt Limited Ventures Limited Pvt Limited Pvt Limited Limited June 2
Slide 22: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence USA Italy Japan Korea Japan JV for Seat Frames, JV for Emission Systems JV for Gear Shifters Structures and Mechanism Exclusive Distributorship Agreement Relationship Since 2007 Relationship Since 2008 Relationship since 2013 Relationship since 2014 50% i
Slide 23: Cater to Diversified Segments
Cater to Diversified Segments ✓ Lighting Module(incl. ✓ Gear Shift Lever ✓ Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) ✓ Gear Shift Tower ✓ Gear Shift Lever ✓ Chassis for 2-wheelers ✓ Intake Systems ✓ Seat Structures ✓ Fabricated parts for 3- ✓ Seat Structures
Slide 24: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 23
Slide 25: Strategic Locations Close to Customers
Strategic Locations Close to Customers Pantnagar (UK) Manesar (HR) No of Plants: 1 No of Plants: 2 Lighting Integrated Plastic Products Modules Products Painted Parts Gear Shifters Domestic Trading Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH) Mehsana (GJ) No of
Slide 26: Share Holding as of 31st December, 2019
Share Holding as of 31st December, 2019 Shareholding breakup Others 20.89% Institutions Promoters 23.23% 55.88% 25
Slide 27: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 44 years of age & is a Business ▪ He is 76 years of age & holds a MBA ▪ He is 40 years of age & holds Bachelors Graduate from Illinois Institute of degree from Delhi university & h
Slide 28: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. K K Gandhi Mr. A P Gandhi ▪ He is 67 years of ▪ She is 45 years of ▪ He is 60 years of age ▪ He is 73 years of age • He is 80 years old & is a ▪ He is 68 years of age & age & holds B.A.
Slide 29: Professional & Experienced Team
Professional & Experienced Team Mr. Naval Khanna Mr. Sanjay Mehta Mr. Atul Jain Mr. Vikas Marwah Corporate Head – Taxation Director & Group CFO Chief Strategy Officer Corporate Head - Materials Age: 62 years Age: 52 years Age: 51 years Age: 49 years Experience: 42 years Experience: 28 Years Experien
Slide 30: Professional & Experienced Team
Professional & Experienced Team Mr. Rajesh Dubbewar Mr. Vivek Jakhmola Mr. Sanjay Bhagat Head Metallic Head Body & Trim and Emission Head After Market Age: 52 years Age: 44 years Age: 53 years Experience: 31 years Experience: 22 years Experience: 28 years Mr. Ashish Dubey Mr Anil Tyagi Chief Financi
Slide 31: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 32: Financial Performance
LUMNAX Financial Performance
Slide 33: Product-wise Revenue Q3 FY20
Product-wise Revenue Q3 FY20* Product-wise Revenue mix Q3 FY19 Product-wise Revenue mix Q3 FY20 (Rs. 292 Crores) (Rs. 287 Crores) Other Misc Other Misc Intake Lighting Intake Lighting 6% 6% Systems 13% Systems 14% 4% 4% Chasis Chasis 18% 17% Integrated Plastic Gear Gear Integrated Modules Shifters S
Slide 34: Product-wise Revenue 9M FY20
Product-wise Revenue 9M FY20* Product-wise Revenue mix 9M FY19 Product-wise Revenue mix 9M FY20 (Rs. 886 Crores) (Rs. 868 Crores) Other Misc Other Misc Intake Lighting Intake Lighting 7% 8% Systems 12% Systems 13% 4% 4% Chasis Chasis 14% 17% Integrated Integrated Gear Plastic Gear Plastic Shifters M
Slide 35: Segmental Revenue Break-Up Q3 FY20: Sales Channel
Segmental Revenue Break-Up Q3 FY20: Sales Channel* Sales Channel Q3 FY19 Sales Channel Q3 FY20 (Rs. 292 Crores) (Rs. 287 Crores) 19% 20% 81% 80% OEM After Market OEM After Market *Performance highlights excludes Discontinued Operations of PCB business 34
Slide 36: Segmental Revenue Break-Up 9M FY20: Sales Channel
Segmental Revenue Break-Up 9M FY20: Sales Channel* Sales Channel 9M FY19 Sales Channel 9M FY20 (Rs. 886 Crores) (Rs. 868 Crores) 17% 18% 83% 82% OEM After Market OEM After Market *Performance highlights excludes Discontinued Operations of PCB business 35
Slide 37: Segmental Revenue Break-Up Q3 FY20: Category
Segmental Revenue Break-Up Q3 FY20: Category* Category Q3 FY19 Category Q3 FY20 (Rs. 292 Crores) (Rs. 287 Crores) 6% 6% 7% 6% 19% 52% 20% 47% 16% 20% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others *Performance highlights excludes Discontinued Operat
Slide 38: Segmental Revenue Break-Up 9M FY20: Category
Segmental Revenue Break-Up 9M FY20: Category* Category 9M FY19 Category 9M FY20 (Rs. 886 Crores) (Rs. 868 Crores) 6% 5% 7% 7% 17% 18% 51% 50% 20% 20% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others *Performance highlights excludes Discontinued Operat
Slide 39: Client wise- Revenue Q3 FY20
Client wise- Revenue Q3 FY20* Client-wise Revenue mix Q3 FY19 Client-wise Revenue mix Q3 FY20 (Rs. 292) (Rs. 287 Crores) Others Toyota Others Toyota 13% 1% 13% 2% LEAR LEAR Bajaj Auto 2% Bajaj Auto 1% 37% 41% MSIL MSIL 8% 5% HMSI 10% HMSI 11% LIL LIL Aftermarket 9% Aftermarket 6% 20% 19% *Performanc
Slide 40: Client wise- Revenue 9M FY20
Client wise- Revenue 9M FY20* Client-wise Revenue mix 9M FY19 Client-wise Revenue mix 9M FY20 (Rs. 886 Crores) (Rs. 868 Crores) Toyota Toyota Others Others 2% LEAR 2% LEAR 13% 11% Bajaj Auto 2% Bajaj Auto 3% 38% 38% MSIL MSIL 7% 6% HMSI 12% HMSI 13% LIL Aftermarket LIL 8% 18% 10% Aftermarket 17% *Pe
Slide 41: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ 1,187 123.9 1,111 116.2 905 965 837 868 86.1 87.8 70.9 75.2 FY15 FY16 FY17* FY18* FY19* 9MFY20* FY15 FY16 FY17* FY18* FY19* 9MFY20* PAT After MI Cash PAT 53.2 80.3 48.7 74.0 69.9 43.7 58.1 31.8 34.5 48.4 52.6 29.0 FY15 FY16 FY17* FY18* FY19* 9M
Slide 42: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 481 487 40.2 424 375 332 28.1 306 21.3 15.0 11.0 11.5 FY15 FY16 FY17* FY18* FY19* 9MFY20* FY15 FY16 FY17* FY18* FY19* 9MFY20* Capex Long Term Debt / Equity 79 0.16 52 0.10 36 31 0.05 0.04 13 16 0.03 0.03 FY15 FY16 FY17* FY18* FY19
Slide 43: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 24.0 12.2 11.2 11.2 10.7 18.0 18.3 18.5 16.5 FY15 FY16 FY17* FY18* FY19* 9MFY20*# FY15 FY16 FY17* FY18* FY19* 9MFY20*# Dividend (% of Face Value) EPS^ (in Rs.) 150.0 7.8 7.2 6.4 100.0 4.7 5.1 4.2 70.0 47.0 47.0 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17* FY
Slide 44: Consolidated Quarterly Performance Highlights
Consolidated Quarterly Performance Highlights*# Revenue EBIDTA^ PAT after MI 10.9% 10.2% 5.2% 4.0% 292 287 32 15 29 12 Q3FY19 Q3FY20 Q3FY19 Q3FY20 Q3FY19 Q3FY20 # Performance highlights excludes Discontinued Operations of PCB business Rs. Crores ^EBITDA includes share of profits from Jv’s & Other In
Slide 45: Consolidated 9MFY20 Performance Highlights
Consolidated 9MFY20 Performance Highlights*# Revenue EBIDTA^ PAT after MI 10.8% 10.1% 4.9% 5.0% 886 868 95 44 44 88 9MFY19 9MFY20 9MFY19 9MFY20 9MFY19 9MFY20 # Performance highlights excludes Discontinued Operations of PCB business Rs. Crores ^EBITDA includes share of profits from Jv’s & Other Incom
Slide 46: Consolidated P&L Statement
Consolidated P&L Statement*# Particulars (Rs. in Crores) Q3 FY20 Q3 FY19 Y-o-Y 9M FY20 9M FY19 Y-o-Y Revenue 287.00 291.85 -1.66% 868.17 886.27 -2.04% Raw Material Consumption 194.49 201.07 588.04 602.19 Employee Expenses 34.74 35.03 102.77 101.95 Other Expenses 33.90 29.69 101.04 98.07 Other Income
Slide 47: Consolidated Balance Sheet
Consolidated Balance Sheet* ASSETS (Rs. in Crores) Sep-19 Mar-19 EQUITY & LIABILITIES Sep-19 Mar-19 Non-current assets Equity Property, plant and equipment 264.37 287.20 Capital work-in-progress 33.16 22.25 Equity Share capital 13.63 13.63 Investment Property 18.45 18.73 Non-Controlling Interest 45.
Slide 48: Awards & Recognitions
LUMNAX Awards & Recognitions
Slide 49: Awards & Recognition
Awards & Recognition Lumax Auto Technologies Limited, Pantnagar won the Silver Award in Excellence in HSE (Health, Safety and Environment) - Very Large Category at ACMA Technology Summit & Awards in November, 2019. 48
Slide 50: Awards & Recognition
Awards & Recognition Lumax Gill-Austem Auto Technologies Pvt Ltd won the Gold Award in Excellence in HSE (Health, Safety & Environment) - Small Category at the ACMA Technology Summit & Awards in November, 2019. 49
Slide 51: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar won the Bronze Award in Excellence in HR at the ACMA Technology Summit & Awards in November, 2019. 50
Slide 52: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A total of 368 teams from 13 countries participated in the global Quality Control Circles competition. 51
Slide 53: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited won the Part Design & Development (Supplier Design Category) Award from Maruti Suzuki India Limited in May, 2019. 52
Slide 54: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited awarded for Improvement in Quality Performance by Maruti Suzuki India Limited in May, 2019 53
Slide 55: Awards & Recognition
Awards & Recognition Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax Auto Technologies Limited , Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019 54
Slide 56: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 55
Slide 57: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 56
Slide 58: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 57
Slide 59: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 58
Slide 60: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 59
Slide 61: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 62: For further information, please contact:
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Pratik R. Shah priyanka.sharma@lumaxmail.com shogun.ja
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