Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q4 FY2023 Earnings Presentation
56 slides from Lumax Auto Technologies's earnings presentation, Mar 31, 2023
Slide 1: Lumax Auto Technologies Limited Investor Presentation – Q4 FY2023
Lumax Auto Technologies Limited Investor Presentation – Q4 FY2023
Slide 2: 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 3: Lumax-DK Jain Group
LUMNAX Lumax-DK Jain Group umax
Slide 4: DK Jain Group
DK Jain Group 3 R&D Centres 37 1 Engineering Centre Seven Decade Manufacturing Strong 2 Design centres in Facilities Taiwan & Czech 01 02 03 04 05 06 15 Entities in 7 Leader in Over 12,000 States Automotive Employees 1 Overseas Entity Lighting, in Czech Republic Gear Shifters & Interior Systems & Co
Slide 5: Two Listed Entities
Two Listed Entities Lumax Industries Limited Lumax Auto Technologies Limited Products & Services Products & Services End-to-end Automotive Integrated Plastic modules, 2-wheeler Chassis, 2/3- Lighting Solutions wheeler Lighting, Gear Shifters, Emission systems, Transmission Products, Seat Frames, Aft
Slide 6: Our Group Purpose
Purpose, Vision & Values We deliver PRIDE and PROGRESS with Our POSITIVITY Group Purpose Respect Integrity Our Passion Values Excellence Building an ADMIRED HIGH PERFORMANCE Global Organisation in Our whom all stakeholders Vision have ABSOLUTE TRUST 6
Slide 7: Diversified Product Range – 4-wheelers
Diversified Product Range – 4-wheelers VEHICLE INTERIOR SYSTEMS & COMPONENTS 7
Slide 8: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 8
Slide 9: Diversified Product Range – Commercial Vehicles
Diversified Product Range – Commercial Vehicles VEHICLE INTERIOR SYSTEMS & COMPONENTS 9
Slide 10: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp Gear Shifter 10
Slide 11: 37 Locations close to Customers
37 Locations close to Customers State Plant # Bawal 2 Dharuhera 1 Haryana Gurugram 4 Manesar 4 Pune 9 Maharashtra Waluj 2 Nashik 1 Karnataka Bengaluru 4 Facilities Location Gurugram, Manesar, Gujarat Sanand & Mehsana 3 R&D Centre Pune Tamil Nadu Sriperumbudur 1 Engineering Pune Haridwar 1 Centre Tai
Slide 12: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 JV for lighting, HVAC panels and JV for lighting and other JV for emission systems JV for gear shifters other electronics automotive pa
Slide 13: 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 14: 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 15: Lumax Auto Technologies Limited
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 16: Competitive Strengths
Competitive Strengths Evolving with Our Partners Lumax Brand Customer Outreach Partnered with international Credible LUMAX Brand Strong OEM presence automotive Over 300 Channel Partners leaders to reinforce competitiveness Manufacturing Award Diversified Product R&D Centre Capabilities Portfolio • C
Slide 17: Milestone
Milestone 1981: Lumax Auto Electricals was 2013: Setup a plant at Narsapur, 2020: JV with Yokowo, Japan to manufacture established to manufacture 2-wheeler Karnataka to manufacture Moulded and supply Antennas and other vehicle Lighting at Bhosari, Maharashtra parts; Formed JV with Gill Austem commun
Slide 18: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 100% 55% 100% 100% Lumax Cornaglia Lumax Mannoh Lumax Mettalics Pvt Lumax Management Lumax Integrated Auto Technologies Allied Technologies Limited* Services Pvt Limited Ventures Limited Pvt Limited Limited June 2007 Nov 2013 July
Slide 19: Cater to Diversified Segments
Cater to Diversified Segments After Market Presence in all Segments o Lighting Module(incl. o Gear Shift Lever HL/TL/Indicators & o Integrated Plastic Others) o Gear Shift Tower Modules o Chassis for 2- o Control Housing o Gear Shift Lever wheelers o Seat Structures o Intake Systems o Fabricated par
Slide 20: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle 2/3 Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 20
Slide 21: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 8 No of Plants: 2 Integrated Plastic Modules Gear Shifters, Interior Systems & Lighting components Products Painted Parts Telematics Products Products Transmission Products OE Accessories Oxygen Sensors, On-bo
Slide 22: Shareholding as of 31st March 2023
Shareholding as of 31st March 2023 Shareholding breakup Others 24.61% Promoters Institutions 55.98% 19.41% 22
Slide 23: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 80 years of age & holds a MBA degree from ▪ He is 44 years of age & holds Bachelors in ▪ He is 48 years of age & is a Business Graduate Delhi university & has successfully complete
Slide 24: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Age: 72 years Age: 71 years Mechanical Engineer B.A. (Pol.Sc. Hons.) from Revenshaw College, Cuttack He retired from SRF Group, after spending 24 He is a retired Indian Revenue Service Officer years, as CEO & President, is now
Slide 25: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Vikas Marwah Mr. Naval Khanna Mr. Ashish Dubey Mr. Sanjay Bhagat Director & Group CFO Chief Executive Officer Corporate Head – Chief Financial Officer Head After Market Age: 55 years Age: 55 years Taxation Age: 55 years Age: 55 years Experience: 3
Slide 26: Update on IAC India
Update on IAC India IAC India is a leading manufacturer of Interior & Exterior components to key automotive OEMs in India including Mahindra, Maruti Suzuki, Volkswagen and Volvo Eicher Commercial Vehicles among others. Financial Highlights (FY23) Wide Product Portfolio Instrument Panels, Door & Trim
Slide 27: Key Initiatives for IAC India
Key Initiatives for IAC India 01 Maintain strong leadership position with existing customers 02 Diversify/expand business with existing and new customers Unlock product synergies between lighting and plastic interior systems by 03 leveraging technical expertise of Lumax and IAC Leverage IAC India’s
Slide 28: Financial Performance
LUMNAX Financial Performance
Slide 29: Product-wise Revenue Break-Up
Product-wise Revenue Break-Up 8% 10% 7% 24% 26% 7% 13% FY23* FY22 Rs. 1,508 Cr. 16% Rs. 1,847 Cr. 11% 19% 20% 8% 18% 13% Intergrated Plastic Modules Fabrication Shifter Others After Market Lighting Emission *Includes IAC revenue of Rs. 51 crs from 10th March 2023 to 31st March 2023 29
Slide 30: Segmental Revenue Break-Up: Category
Segmental Revenue Break-Up: Category 9% 4% 9% 9% 37% 43% 20% FY23* FY22 Rs. 1,508 Cr. Rs. 1,847 Cr. 19% 20% 29% 2/3 Wheeler Passenger Car After Market CV Others *Includes IAC revenue of Rs. 51 crs from 10th March 2023 to 31st March 2023 30
Slide 31: Customer wise – Revenue Break-Up
Customer wise – Revenue Break-Up 15% 20% 24% 3% 34% 5% 7% FY23* FY22 Rs. 1,508 Cr. Rs. 1,847 Cr. 6% 6% 8% 20% 9% 9% 19% 7% 8% Bajaj HMSI MSIL M&M After Market LIL Tata Others *Includes IAC revenue of Rs. 51 crs from 10th March 2023 to 31st March 2023 31
Slide 32: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ Rs. Crores Rs. Crores Highest Ever Highest Ever 1,847 224 1,508 163 1,111 1,187 1,141 1,108 116 124 109 114 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21* FY22 FY23# PAT After MI Cash PAT Rs. Crores Highest Ever Rs. Crores Highest Ever 93
Slide 33: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 1,005 407.0* 25.5 23.4 675 602 481 533 15.8 424 11.5 11.0 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21 FY22 FY23# Capex Long Term Debt / Equity 132 0.62 0.05 0.05 79 65 68 0.03 0.03 0.03 52 50 FY18 FY19 FY20 FY21 FY22 FY23#
Slide 34: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 14.0 24.0 12.8 22.4 11.2 8.9 16.0 14.9 16.3 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21 FY22 FY23# Dividend (% of Face Value) EPS^ (in Rs.) 225 13.6 175 10.2 150 150 150 7.8 7.3 7.3 6.9 100 FY18 FY19 FY20 FY21 FY22 FY23# FY18 FY19 FY20 FY21 FY22 F
Slide 35: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q4 FY23 Q4 FY22 Y-o-Y Q3 FY23 Q-o-Q FY23 FY22 Y-o-Y Revenue 493.3 416.9 18% 445.2 11% 1,847.5 1,507.9 23% Raw Material Consumption 323.9 284.6 301.0 1,241.1 1,027.9 Employee Expenses 55.3 40.7 48.0 198.5 162.8 Other Expenses 57.4 46.3 48.9 207.
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores.) Mar-23 Mar-22 EQUITY & LIABILITIES Mar-23 Mar-22 Non-current assets Equity Property, plant and equipment 566.7 349.2 Equity Share capital 13.6 13.6 Capital work-in-progress 12.9 12.1 Non-Controlling Interest 187.1 60.8 Investment Property 12.4 12.9
Slide 37: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Crores.) FY23 FY22 PBT 146.8 112.9 Adjustments 43.8 39.0 Operating profit before working capital changes 190.6 151.9 Changes in working capital -15.1 -31.6 Cash generated from operations 175.5 120.3 Direct taxes paid (net of refund) -38.3 -32.9 Ne
Slide 38: Awards & Recognitions
LUMNX Awards & Recognitions DK JAIN GROUP
Slide 39: Bagged two awards for Inner Parts Localisation & Value Analysis
Bagged two awards for Inner Parts Localisation & Value Analysis India’s #1 Gear Shift Lever manufacturer Lumax Mannoh Allied Technologies, was the proud recipient of two awards in categories - Inner parts Localisation and value Analysis at MSVC 2023 hosted by Maruti Suzuki India Ltd at Dubai on 1st/
Slide 40: Super Platinum Quality Award
Super Platinum Quality Award Lumax Auto Technologies Limited, Pantnagar received the Super Platinum Quality Award from Bajaj Auto at the BAVA Convention in January 2023. Kudos to the team for their extraordinary efforts in achieving this milestone and delivering quality products to our esteemed cust
Slide 41: Super Platinum Quality Award
Super Platinum Quality Award Lumax Mannoh Allied Technologies Limited for receiving the Best Cost Cooperation in ISR2.0 Award from Mr Ichiro Shimokawa, Chief Production Officer & Director – Production Planning & Control and Mr Yutaka Hozumi, Senior operating Officer - HGID from Honda Cars India at t
Slide 42: Silver Award – Toyota Kirloskar Suppliers Association
Silver Award – Toyota Kirloskar Suppliers Association Team Riser from Lumax Mannoh Allied Technologies Limited for winning the Silver Award at the Regional Quality Circle Competition organised by Toyota Kirloskar Suppliers Association in January 2023. 42
Slide 43: ACMA Awards
ACMA Awards Lumax Auto Technologies Limited, Bengaluru won the Bronze Award for Excellence in Manufacturing - Very Large Category at the ACMA Atmanirbhar Excellence Awards 2022 in March 2023. 43
Slide 44: Bagged two awards for Design & Development & Overall Excellence
Bagged two awards for Design & Development & Overall Excellence At the Maruti Suzuki Vendor Conference 2022 held on 27th May, 2022 at Mumbai. 44
Slide 45: ACMA Awards
ACMA Awards HMSI Award for Strong CR efforts in process Kaizen for 2021-22 45
Slide 46: TPM Awards
TPM Awards Chakan Plant – Category B in 2017 Bengaluru plant – excellence in Category A for the year 2019 46
Slide 47: ICQCC Awards
ICQCC Awards Two Teams from Lumax Auto Technologies Limited participated in the ICQCC Competition held at Hyderabad in November 2021 bagging the Par Excellence Awards. 47
Slide 48: Best Annual Report
Best Annual Report Won the prestigious award for best annual report from League of American Communications Professionals (LACP) for excellence within its industry for the financial year 2018-19, 2019-20 & 2020-21 48
Slide 49: Recognition
Recognition Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 2021 Toyota Kirloskar Motor Pvt Ltd. recognised the efforts and commitment of Lumax Mannoh Allied Technologies Limited towards prov
Slide 50: Other Awards
Other Awards Team Avengers from Lumax Cornaglia Auto Technologies Pvt Ltd, Pune bagged the Excellent Award in Silver Category at the National Convention on Quality Concepts 2021 held in December 2021. Team from Lumax Auto Technologies Limited, Chakan was awarded the Silver Award in Renovative Catego
Slide 51: Other Awards
Other Awards Lumax Mannoh Allied Technologies Limited, Manesar bagged the Second Runner Up at the First Best HR Practices Competition organised by ACMA held in March 2021. Lumax-DK Jain Group bagged 2 Gold and 1 Silver Awards at the 4th HR Excellence Awards organised by PNGI in December 2021. Lumax
Slide 52: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 52
Slide 53: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 53
Slide 54: Social Initiatives by Lumax group towards ‘Quality Education’ for the society
Social Initiatives by Lumax group towards ‘Quality Education’ for the society 54
Slide 55: Social Initiatives by Lumax group towards ‘Quality Education’ for the society
Social Initiatives by Lumax group towards ‘Quality Education’ for the society 55
Slide 56: 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. Sagar Shroff priyanka.sharma@lumaxmail.com shogun.jain
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