Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q2 FY2020 Earnings Presentation
29 slides from Ppap Automotive's earnings presentation, Oct 23, 2019
Slide 1: Exchange filing cover letter
::.. • ....::. - - - -- .:. ..... • ..... • !...'* • ~ ,. PPAP Automotive Limited CIN: L74899DL1995PLC073281 B-206A, Phase-II, Naida - 201305, Uttar Pradesh, India Tel: +91-120-2462552/53, Fax: +91-120-2461371 Email : info@ppapco.com, Website : www.ppapco.in 23rd October, 2019 The Listing Department
Slide 2: Investor Presentation October 2019
Investor Presentation OCTOBER 2019 PPAP Automotive Limited TAKING CHALLENGES, TOGETHER
Slide 3: Quarterly Financial Highlights (Qtr on Qtr)
QUARTERLY FINANCIAL HIGHLIGHTS (QTR ON QTR) ………. ………. Revenue from Operations 118.64 92.05 85.29 5.31 5.17 • Revenue from Operations at 85.29 cr and Part Sales at 80.51 cr 0.79 0.50 2.83 • PAT at ₹ 4.32 cr , 5.1% of Sales 4.28 • EBITDA at ₹10.85 cr, 12.7% of Sales • EPS stood at ₹ 3.09 • Interim Div
Slide 4: Our Evolution
OUR ………. EVOLUTION ………. Our Mission “TO BE A GLOBAL COMPANY WITH AN INSPIRING WORK CULTURE FOR SERVING CUSTOMERS AND THE SOCIETY BY EXCEEDING THE EXPECTATIONS OF ALL ITS STAKEHOLDERS” Certification of ISO 50001 Established owned Plant - Added Tata Motors as customer Established Plant - IV V at Valla
Slide 5: Who We Are
WHO ………. WE ARE ………. • Over 30 years of experience in Automotive Industry Rich Legacy • Identified as India’s leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts • Integrated operations from Print to Build Market Leadership • One stop shop for full range of Auto
Slide 6: Key Management
KEY ………. MANAGEMENT ………. Mr. Ajay Kumar Jain, Chairman & Managing Director Bachelor of Commerce from Shri Ram College of Commerce, Delhi University Associated with the Company since inception with experience of over 40 years in polymer processing industry and over 30 years in the automotive industry
Slide 7: Technology Partners
TECHNOLOGY ………. PARTNERS ………. NISSEN CHEMITEC CORPORATION, JAPAN TOKAI KOGYO CO. LTD., JAPAN Established: 1951 Established: 1947 Global Presence: USA, Thailand, Indonesia, Global Presence: USA, Thailand, Indonesia, China, Singapore Mexico, Vietnam AUTOMOTIVE EXTERIOR & SEALING PRODUCTS AUTOMOTIVE IN
Slide 8: Core Strengths
CORE ………. STRENGTHS ………. Leadership Position Strong Customer Base Strong R&D Facilities India’s leading manufacturer Leading OEM manufacturers in of Automotive Sealing Systems Capability from Design to Print Indian Market are customers State-of-the-art Access to Global Technology Healthy Financials
Slide 9: Strategic Growth Levers
STRATEGIC ………. GROWTH LEVERS ………. •Improve OEE (Overall Equipment Efficiency) Optimum utilization of Assets •International benchmarking •Our mantra “Every Paisa Counts” •Focus on cost optimization & operating leverage Continuous Improvement Levers of Optimization of sustainable of Operational Invest
Slide 10: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. ROOF MOULDING GLASS RUN CHANNEL INNER BELT BACK DOOR / TRUNK MOULDING WINDSHIELD SEAL - PRODUCTS MADE BY PTI (JV) TRIM DOOR OPENING - PRODUCTS MADE BY PTI (JV) AIR SPOILER OUTER BELT BLACK / BRIGHT DOOR OPENING SEAL - PRODUCTS MADE BY PT
Slide 11: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. UNDER HOOD PRODUCTS FR-PILLAR CTR-PILLAR RR-PILLAR PARTITION REAR TRAY LINING RR PANEL SIDE PROTECTORS TRUNK LINING IN CABIN PRODUCTS FENDER INNER DOOR LINING SPLASH GUARD 9
Slide 12: Pan India Presence: 7 Plants, 2 JV Plants, 4 Locations
PAN ………. INDIA PRESENCE ………. 7 Plants 4 Locations 2 JV Plants EXTRUSION FACILITIES Noida, Uttar Pradesh (Plant I & II) Vallam Vadagal, Tamil Nadu (Plant V) 3 1 Viramgam, Gujarat 1 (Plant VII) INJECTION FACILITIES Surajpur, Uttar Pradesh 1 2 (Plant III) Pathredi, Rajasthan (Plant IV) Viramgam, Gujara
Slide 13: Customer Base & Export Countries
CUSTOMER ………. BASE & EXPORT COUNTRIES ………. CKD EXPORTS JAPAN USA Brazil Mexico Venezuela Thailand United Kingdom South Africa Argentina 11
Slide 14: Customer Base: Our Presence in New Models
CUSTOMER ………. BASE OUR PRESENCE IN NEW MODELS ………. CUSTOMER CONTRIBUTION TWO WHEELER, OTHERS , 5.1% HYUNDAI, 0.0% 1.4% TATA, 2.1% TKML, 4.7% MSIL, 40.5% NISSAN , 8.2% Glanza HCIL, 24.2% SMG, 13.7% Suzuki Motorcycle Gixxer 250 12
Slide 15: Competitive Edge – State of the Art Manufacturing Facility
COMPETITIVE ………. EDGE – STATE OF THE ART MANUFACTURING FACILITY ………. Plastic Rubber Injection PPAP’s Engineering Expertise Extrusion Extrusion Molding EPDM & TPV MATERIAL PP / ABS / POM PVC / TPO / PP MATERIAL 2 Location: 3 Locations: 4 Locations; 11 Extrusion Lines 2 EPDM extrusion lines,1 TPV 41 M
Slide 16: Plastic Extrusion and Injection Molding Plants
CONTD…… ………. ………. Plastic Extrusion Plant Injection Molding Plant 14
Slide 17: Customer Appreciation - Accolades
CUSTOMER APPRECIATION - ACCOLADES ………. ………. ACCOLADES PRODUCTIVITY (SME)- THE MACHINIST SUPER SHOPFLOOR AWARDS 2018 ZERO DEFECT SUPPLIES - TOYOTA KIRLOSKAR ACHIEVING TARGETS IN QUALITY - TOYOTA KIRLOSKAR APPRECIATION AWARD - HYUNDAI MOTOR INDIA LIMITED FIRST RUNNER UP AWARD IN NATIONAL LEVEL QUALITY
Slide 18: Summary
SUMMARY ………. ………. 140.00 20.4% 120.00 19.9% 118.64 17.1% 17.4% 99.69 16.6% 99.13 100.00 93.52 92.05 85.29 15.1% 80.00 • Revenue from Operations stood at ₹ 85.29 cr 13.7% ₹ Cr. 12.8% in Q2FY20 v/s ₹ 118.64 cr in Q2FY19 60.00 11.1% 10.4% 9.8% 9.8% 8.9% 40.00 7.1% 5.4% 6.4% 6.3% 20.00 5.1% - Q1FY19 Q2F
Slide 19: Major Expenses (₹ Cr.)
MAJOR EXPENSES (₹ Cr.) ………. ………. Materials Employee Benefits 19.8% 19.2% 52.8% 18.5% 18.3% 51.9% 51.3% 52.0% 51.7% 17.4% 49.7% 15.6% 49.54 61.52 47.99 51.50 47.61 45.02 17.33 18.56 17.28 18.15 17.66 16.91 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Value % to
Slide 20: Interest & Earnings (₹ Cr.)
INTEREST & EARNINGS (₹ Cr.) ………. ………. INTEREST EBITDA 19.9% 20.4% 17.1% 17.4% 16.6% 1.0% 1.1% 0.9% 12.7% 0.9% 0.7% 0.8% 1.05 1.31 0.84 0.85 0.65 0.65 19.88 24.15 15.96 17.21 15.24 10.85 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Value % to Revenue Value % to
Slide 21: EPS, Book Value, Market Capitalization (BSE)
EPS, ………. BOOK VALUE, MARKET CAPITALIZATION (BSE) ………. EPS Consolidated EPS ( ₹ ) Net Worth 214.91 214.98 8.26 210.79 204.08 202.97 198.97 6.32 5.04 4.24 4.11 3.09 278.56 285.72 284.15 295.11 300.87 300.97 28.81 30.49 28.89 23.87 21.66 16.48 8.43 4.15 2.88 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q
Slide 22: Key Ratios
KEY ………. RATIOS ………. Net Worth Working Capital 22.0% 67.78 17.4% 16.2% 55.22 53.14 53.65 13.7% 49.03 12.7% 12.2% 43.25 11.3% 9.6% 5.7% 8.4% 7.7% 5.6% 278.56 285.72 284.15 295.11 300.87 300.97 58.05 56.23 50.24 62.18 54.12 63.35 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1
Slide 23: Half Year Summary
HALF YEAR SUMMARY ………. ………. 16.00 Revenue from Operations (₹ Cr.) 210.00 12.00 218.33 190.00 8.00 20.2% 5.31 174.34 4.00 170.00 8.83 14.58 7.20 - 1.29 150.00 14.8% 6MFY19 6MFY20 14.50% 7.11 STANDALONE EPS PERIOD₹ 130.00 110.00 16.00 9.4% 90.00 7.70% 12.00 5.7% 204.19 70.00 8.00 168.95 50.00 4.00 218
Slide 24: Financial Performance Snapshot (FY2015 – FY2019)
FINANCIAL PERFORMANCE SNAPSHOT (FY2015 – FY2019) ( ₹ Cr.) ………. ………. Revenue from Operations 397.62 410.98 318.50 302.75 345.01 EBITDA 21.3% 6.82 2.65 18.8% 15.54 4.16 39.86 19.3% 0.15 2.33 30.44 17.2% 35.12 7.81 12.7% 388.62 355.12 292.61 310.41 283.23 40.36 52.06 66.61 84.88 77.20 FY 2015 FY 2016 F
Slide 25: Financial Performance Snapshot (FY2015 – FY2019)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY2015 – FY2019) (₹ Cr.) ………. Fixed Assets (Gross Block) 224.27 272.12 313.34 195.53 Working Capital 2.3 65.48 11.83 12.10 50.19 51.07 55.22 3.18 10.48 47.81 0.45 8.50 7.68 298.94 62.18 54.31 55.64 249.81 47.44 212.59 41.72 187.4 FY 2016 FY 2017 FY 2018 FY 2019 F
Slide 26: Consolidated Financial Snapshot (FY2016 – FY2019)
CONSOLIDATED FINANCIAL SNAPSHOT (FY2016 – FY2019) (₹ Cr.) ………. ………. 24
Slide 27: Shareholding Pattern as on 30th September, 2019
SHAREHOLDING ………. PATTERN AS ON 30TH SEPTEMBER, 2019 ………. 0.3% 2.4% 1.6% Promoter 9.0% Individual Bodies Corporation 22.5% Foreign Corporation 64.2% Foreign Portfolio Investor (Corporate) Others MARKET CAPITALIZATION (BSE) ₹ 269.43 CRS. 25
Slide 28: Safe Harbor
SAFE HARBOR ………. ………. Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially f
Slide 29: Thank You
For further information please contact: Mrs. Sonia Bhandari PPAP Automotive Limited Ph: +91 120 2462552 / 53 Email: investorservice@ppapco.com Mr. Gaurav Girdhar THANK YOU Concept Investor Relations Ph: +91 7798232425, +91 022 40558934 Email: gaurav.g@conceptpr.com