Slide 1: Cover letter to stock exchanges
Divgi TorqTransfer Systems Limited Divgi TorqTransfer Systems CIN: L32201MH1964PLC013085 75, General Block, MIDC, Bhosari, Pune 411 026, India Tel: (+91-20) 63110110 Web: www.divgi-tts.com Ref.: DTTS/Sec/25-26/15 May 30, 2025 To, To, BSE Limited, National Stock Exchange of India Limited, Phiroze Jee
Slide 2: Investor Presentation Q4 & FY25
Divgi TorqTransfer Systems Limited Investor Presentation Q4 & FY25
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Divgi TorqTransfer Systems Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe fo
Slide 4: Index
Index Sr. No. Contents Slide No. 1 Q4 FY25 Executive Summary 4 2 Key Business Updates 5 3 Q4 and FY25 Result Highlights 6 - 14 4 Way Forward 15 - 19 5 About Divgi 20 - 29 6 Historical Financials 30 - 36 3
Slide 5: Q4 FY25 Executive Summary
Q4 FY25 Executive Summary Total Income (Rs. In Cr.) +12% Best Quarter of FY25 in terms of revenue from operations 64.1 57.5 Witnessed uptick in volumes in across all three segments i.e., (Transfer Case, EV Transmission & Components) Q3FY25 Q4FY25 EBITDA (Rs. In Cr.) Positive momentum to continue – s
Slide 6: Key Business Updates
Key Business Updates Awards & Accolades Core Business Updates Other Updates • Won Proprietary Powertrain Supplier of the • In continuous discussion with major Japanese & year award from Mahindra & Mahindra Korean Multinational OEMs for high value Transfer • Realised the first DHT Prototype case & Ma
Slide 7: Q4 & FY25 Result Highlights
Q4 & FY25 Result Highlights Divgi-TTs
Slide 8: Revenue-Walk
Revenue-Walk Transfer Case E-Gear Drive Components Other Business Rs. In Crores +6% +41% -29% NexTrac 155.1 25.8 50.2 ALH 24.3 Synchro 110.5 35.5 After Market Tooling & Other Operating Income -15% 38.5 7.2 32.6 FY24 FY25 FY24 FY25 FY24 FY25 3.6 4.6 • While this segment faced some softness • Our comp
Slide 9: Result Snapshot
Result Snapshot Rs. In Crores +21% Total Income 29.4 28.2 29.0 • In Q4, we have witnessed an uptick in volumes, marking Transfer Case 23.9 the beginning of a recovery +12% • During the year, our transfer case portfolio saw a notable 64.1 improvement in per-unit realizations, driven primarily by 59.4
Slide 10: Financial Snapshot
Financial Snapshot Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) 26.6% 24.4% 14.6% 10.2% -12% 273.0 72.6 39.7 240.1 58.6 FY25 24.4 FY24 FY25 FY24 FY25 FY24 FY25 Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) 26.0% 22.7% 13.1% 8.4% -9% 70.2 1
Slide 11: Adjusted Financial Snapshot
Adjusted Financial Snapshot As Reported Adjusted for like-to-like comparison Particulars (Rs. In Cr.) FY25 FY24 Y-o-Y Particulars (Rs. In Cr.) FY25 FY24 Y-o-Y Total Income 240.1 273.0 -12.0% Total Income 240.1 270.4 -11.2% EBITDA 58.6 72.6 -19.4% EBITDA 58.6 70.0 -16.4% EBITDA Margin (%) 24.4% 26.6%
Slide 12: Management Commentary
Management Commentary Q4FY25: • The last quarter of Q4FY25 concluded on a positive note, with volume growth across all major segments. • EBITDA margins stood strong at over 25%, after adjusting for one-time expanses related Auto expo & Marketing expenses. • Update on our Business: • Transfer Case: V
Slide 13: Profit & Loss Statement
Profit & Loss Statement Particulars (Rs. In Cr.) Q4 FY25 Q4 FY24 Y-o-Y Q3 FY25 Q-o-Q FY25 FY24 Y-o-Y Revenue From Operations 58.2 65.1 52.5 218.9 253.4 Other Income 5.9 5.1 4.9 21.2 19.6 Total Income 64.1 70.2 -9% 57.5 12% 240.1 273.0 -12% Raw Materials 23.4 27.3 19.6 88.1 106.2 Gross Profit 40.7 42
Slide 14: Balance Sheet
Balance Sheet Particulars (Rs. In Cr.) Mar-25 Mar-24 Particulars (Rs In Cr.) Mar-25 Mar-24 Assets Equity & Liabilities Non-Current Assets Total Equity Property, plant and equipment 243.4 211.7 Equity Share Capital 15.3 15.3 Capital work-in-progress 1.6 25.4 Other Equity 581.5 565.1 Right-of-use asse
Slide 15: Cashflow
Cashflow Particulars (Rs. In Cr.) March-25 March-24 Profit Before Tax 33.0 53.5 Adjustments for: Non -Cash Items / Other Investment or Financial Items 5.1 0.0 Operating profit before working capital changes 38.1 53.5 Changes in working capital 4.0 (6.7) Cash generated from Operations 42.1 46.8 Direc
Slide 16: Way Forward
Way Forward Divgi-TTs 15
Slide 17: Near term Growth Outlook
Near term Growth Outlook EV Transmission* Export Business Core Product Portfolio* • We expect ramp up in • Further strengthening relationships with • Actively pursuing opportunities production with several Tier I suppliers by expanding the product with Japanese & Korean OEMs and models of one of Ind
Slide 18: Long Term Growth Outlook
Long Term Growth Outlook Core & Other Product EV Transmission* Export Business Portfolio* Product: Product: Manual Transmission Product: Components Business Transfer Case & BEV System & Components Synchronizers Export Next generation Business Globally Components Business transmission products (Hybri
Slide 19: Growth Strategy
Growth Strategy Application led Improve market share Geographic Customer diversification through and wallet share with diversification diversification new product offerings existing customers Next generation EV transmission transmission products • Will further strengthen our • Increase business with
Slide 20: Next generation transmission products update
Next generation transmission products update Automobile Industry Automobile Players DTTS Strategic Response & Intent • Integrated Infrastructure & assets to be a full- service transmission systems supplier • Challenges witnessed over the last 5 years: • Companies continuously working and • World cla
Slide 21: About Divgi
About Divgi Divgi-TTs 20
Slide 22: Company Overview
Company Overview 1964 60+ 4 Our Valued Customers Incorporated Years of Manufacturing experience facilities Vision To be recognized as a world-class Indian brand in automotive drivetrain components and systems Strategies Product Leadership Total Income* EBITDA* PAT* • Technology-Led Innovation • Prod
Slide 23: Journey so far
Journey so far 2023 - Listing 2018 • Awarded component 2024 business for supplies • Investment by Oman India Join to USA and Mexico Investment Firm II • Commercialisation of from 2022 BorgWarner • Shirwal Plant Developed 3 EV • Awarded the EV transmission transmission products 2016 2021 components •
Slide 24: Manufacturing Capabilities
Manufacturing Capabilities Year of Operations: 1996 Year of Operations: 1991 Product: Product: • Precision Grinding and • 4WD Transfer case Honing operations for transmission components Bhosari, Pune, Maharashtra Shivare, Pune Dist., Maharashtra Year of Operations: 1984 Year of Operations: 2023 Prod
Slide 25: Product Portfolio
Product Portfolio Automatic/Dual Clutch RWD Applications Manual Transmissions Synchronizers EV Transmission Key Components Transmissions Category / Product ICE (4WD/AWD) ICE (Manual) ICE (Automatic) Hybrid BEV Torque Transfer Systems - - - - Manual Transmission - - - - Synchronizer Systems - - Autom
Slide 26: Product Application
Product Application 4WD/AWD Products Manual Transmissions and Synchronizers Electric Vehicle Transmission Next generation transmission products (Hybrid/Automatic) Representative Images 25
Slide 27: Marquee Customers
Marquee Customers Few clientele… 30+ 50+ 50+ 10+ 10+ 10+ Years of Years of Years of Years of Years of Years of relationship relationship relationship relationship relationship relationship MT Components, EV transmission, Transfer case Transfer Cases & EV Transmission Transfer Cases, Engine Timing Tr
Slide 28: Presence across the world
Presence across the world Germany UK USA Mark John China Intl. Comm. Operations Portugal Korea Mexico Thailand India Nam Jun Kim President & Country Head, South Korea Emerge as one of the fastest growing drivetrain solution companies in the world As of FY24 27
Slide 29: Experienced Board Members
Experienced Board Members Our credible Board of Directors Praveen Kadle Chairman and Jitendra Divgi Managing Director Hirendra Divgi Executive Director Pradip Dubhashi Independent Director Independent Director Individuals of proven capability and integrity Bringing diverse competencies to the table
Slide 30: Strong Leadership Team
Strong Leadership Team Satvinder Singh Zubair Kachi Deepak Vani Prasanna Deshpande Chief Operating Officer & Nilesh Shukla Sabharwal Mktg., Sales & ABD Engineering & Product Mfg Engineering & Purchase Chief Growth Officer Development Advanced Tech. Jitendra Divgi Managing Director Gopal Dalvi Mark J
Slide 31: Historical Financials
Historical Financials I? Divgi-TTs 30
Slide 32: P&L – Historical Chart
P&L – Historical Chart Total Income (Rs. In Cr.) EBITDA (Rs. In Cr.) Profit After Tax (Rs. In Cr.) 279 273 82 51 242 240 74 73 46 60 38 40 195 59 24 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 EBITDA (%) PAT (%) 31.0% 30.5% 29.5% 19.6% 19.1% 18.4% 26.6% 24.4% 14.6% 10.
Slide 33: Financial Ratios
Financial Ratios Fixed Assets Turnover Ratio (x) Working Capital (No. of Days) 1.39 1.30 1.16 62 days 66 days 69 days 87 days 96 days 0.97 0.63 98 99 84 85 FY21 FY22 FY23 FY24 FY25 76 65 61 62 60 62 Leverage ratios (x) & Net Debt (Rs. In Cr.) 58 49 46 44 42 (117.9) (133.1) (262.7) (225.1) (243.5) FY
Slide 34: Capex and Cash
Capex and Cash Return on Capital Employed (RoCE %)* Capital Expenditure and Cash Reserves 17.8% 18.3% IPO proceeds capex – 169.60 Cash Reserves Capex crores of which ~64.34 crores 12.5% already deployed 9.3% 311 5.6% 285 264 FY21 FY22 FY23 FY24 FY25 173 159 Return on Invested Capital (RoIC %) 32.4%
Slide 35: Historical P&L Statement
Historical P&L Statement Particulars (Rs. In Cr.) FY25 FY24 FY23 FY22 FY21 Revenue From Operations 218.9 253.4 271.0 233.8 186.6 Other Income 21.2 19.6 7.6 8.1 8.5 Total Income 240.1 273.0 278.7 241.9 195.1 Raw Materials 88.1 106.2 111.4 93.6 67.0 Gross Profit 152.0 166.8 167.3 148.2 128.1 Employee
Slide 36: Balance Sheet
Balance Sheet Particulars (Rs. In Cr.) Mar-25 Mar-24 Mar-23 Particulars (Rs In Cr.) Mar-25 Mar-24 Mar-23 Assets Equity & Liabilities Non-Current Assets Total Equity Property, plant and equipment 243.4 211.7 111.1 Equity Share Capital 15.3 15.3 15.3 Capital work-in-progress 1.6 25.4 80.9 Other Equity
Slide 37: Cashflow
Cashflow Particulars (Rs. In Cr.) Mar-25 Mar-24 Mar-23 Profit Before Tax 33.0 53.5 68.8 Adjustments for: Non -Cash Items / Other Investment or Financial Items 5.1 0.0 6.3 Operating profit before working capital changes 38.1 53.5 75.2 Changes in working capital 4.0 (6.7) (16.9) Cash generated from Op
Slide 38: Thank You
Thank You PRODUCT LEADERSHIP Company: Investor Relations Advisors: LIKE NO OTHER CIN: L32201MH1964PLC013085 CIN: U74140MH2010PTC204285 Mr. Aniket Kokane Ms. Neha Shroff / Mr. Mayur Pednekar companysecretary@divgi-tts.com neha.shroff@sgapl.net / mayur.pednekar@sgapl.net +91 89566 65262 +91 77380 7346