22 slides from S.j.s. Enterprises's earnings presentation, May 26, 2022
Slide 1: Exchange filing letter: Earnings Call Presentation
May 26, 2022 To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department, Plot No. C/1, G Block, 2nd Floor, New Trading Wing, Bandra – Kurla Complex, Rotunda Building, P.J. Towers, Bandra (E), Mumbai -400 051 Dalal Street, Mumbai – 400 001 Sy
Slide 2: S.J.S Enterprises Limited Q4FY22 Earnings Presentation
S.J.S ENTERPRISES LIMITED Q4FY22 EARNINGS PRESENTATION
Slide 3: Disclaimer
Disclaimer Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward- looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expectatio
Slide 4: Today's Presenters
Today’s Presenters K A JOSEPH SANJAY THAPAR SAUMYA MOGANTY DEVANSHI DHRUVA Managing Director Executive Director & CEO VP - Finance Head–Investor Relations • Founded the company in • Over 30 years of experience • Over 21 years of work • Previously worked with 1987 in the automotive industry experienc
Slide 5: About SJS Enterprises
About SJS Enterprises
Slide 6: S.J.S Enterprises Limited: A Snapshot
S.J.S Enterprises Limited : A Snapshot FY21-FY26 CAGR (1) One of the leading players in Indian Rs 3,698.6 Mn 20% 1 decorative aesthetics industry which has FY22 Revenue (2) 10-12% 11-13% 12-14% faster than underlying industry growth (1) 2W PV CD Aesthetics 11 7 Widest range of products(5) with produ
Slide 7: SJS Outperformed Auto Industry
SJS Outperformed Auto Industry Q4FY22 - Industry Production Volume1 v/s SJS YoY Sales2 Industry SJS 52.3% (5.3%) 12.1% (21.0%) (17.4%) 9.4% 2.0% + FY22 - Industry Production Volume1 v/s SJS YoY Sales2 Industry SJS 32.1% 14.1% 15.5% 4.6% 19.2% (0.2%) (3.5%) + Note: 1) Industry Production Volumes are
Slide 8: Diversification strategy playing out well
Diversification strategy playing out well Revenue (By End Segment %) 1.2 Revenue (By Geography)1.2 (INR Mn) FY19 (SA) FY21 (SA) FY22 (Con) FY19 (SA) 70.1 FY21 (SA) 3,231 469 58.0 FY22 (Con) 408 43.3 2,140 2,108 28.8 233 25.0 19.6 22.2 16.6 10.2 5.7 0.1 0.4 2W PV CD Others Domestic Exports PV revenue
Slide 9: Q4FY22 Business & Financial Highlights
Q4FY22 Business & Financial Highlights
Slide 10: Q4FY22 Financial Performance (Consolidated)
Q4FY22 Financial Performance (Consolidated) EBITDA at Rs 267 mn, Revenue at Rs 1,041 mn, impacted by RM inflation, but growth of ~13.4% QoQ, v/s downside was limited on Net Profit at Rs 154 Mn, overall 2W & PV industry back of operational on a margin of 14.6% productions combined was efficiencies; S
Slide 11: Q4FY22 Business Highlights
Q4FY22 Business Highlights Key Customer Addition Honda Award for New Product Development at their Annual Supplier Conference Key Business Projects Won 10
Slide 12: FY22 Financial Highlights
FY22 Financial Highlights
Slide 13: Financial performance (1/2)
Financial performance……(1/2) Revenue from operations (INR Mn) EBITDA (INR Mn) & EBITDA Margin % PAT (INR Mn) & PAT Margin % FY21 Adj EBITDA2 – Rs 879.6 Mn FY21 Adj PAT2 – Rs 475.8 Mn Adj EBITDA Margin2 % - 27.1% Adj PAT Margin2 % - 14.7% SJS SJS 3,698.5 SJS + Exotech SJS + Exotech 31.0% 31.2% 31.5%
Slide 14: Financial performance (2/2)
Financial performance……(2/2) ROCE & ROE (in %) FCFF (INR Mn) ROCE ROE FY21 Adj ROCE2 – 24.8% FY21 Adj FCFF2 Exotech Adj ROE2 - 15.1% – Rs 591.5 Mn Acquisition 31.6% Capex for New 28.3% 26.4% 26.8% 27.1% Manufacturing 635.5 Facility 500.3 456.4 15.8% 14.8% 15.2% 16.5% 367.4 15.3% -73.3 FY19 FY20 FY21
Slide 15: P&L Statement (Consolidated)
P&L Statement (Consolidated) AUDITED PROFIT & LOSS STATEMENT FOR THE PERIOD ENDED 31ST MARCH 2022 Quarter Ended For the year ended Particulars (INR Mn) 31.03.2022 31.12.2021 31 March 2022 Income Revenue from operations 1,041.1 917.9 3,698.6 Other income 12.4 9.2 41.6 Total income 1,053.5 927.1 3,740
Slide 16: Balance Sheet (Consolidated)
Balance Sheet (Consolidated) STATEMENT OF AUDITED ASSETS AND LIABILITIES AS AT 31ST MARCH 2022 As at As at PARTICULARS (INR Mn) PARTICULARS (INR Mn) 31.03.2022 31.03.2022 A ASSETS B EQUITY AND LIABILITIES 1. Non-Current Assets (a) Property, Plant and Equipment 1,525.7 1. EQUITY (b) Capital Work in P
Slide 17: Outlook: FY23–25 (Medium Term) FY23 (Near Term)
Outlook: FY23–25 (Medium Term) FY23 (Near Term)
Slide 18: SJS – Outlook for FY23-25 (1/3)
SJS – Outlook for FY23 - 25…(1/3) 1 Organic growth expected at ~25% CAGR, maintaining best in class margins Capacity Expansion: Expand chrome plating capacity to meet higher demand pipeline • Double the chrome plating capacity to support revenues of Rs 300 Crs from the current Rs 130 Crs • Expect ca
Slide 19: SJS – Outlook for FY23-25 (2/3)
SJS – Outlook for FY23 - 25…(2/3) 2 Merger & Acquisitions Build capability in adjacent / new aesthetic product categories Identified key product categories to enter / expand presence which include: SJS successfully integrated • IMD / IML Exotech business and • IME (In-Mould Electronics) demonstrated
Slide 20: SJS – Outlook for FY23-25 (3/3): Future Leadership
SJS – Outlook for FY23 - 25…(3/3) 3 Future Leadership Management plans to strengthen SJS’ senior leadership team given the business plans for both organic and inorganic growth New CEO • Lead all business activities required to deliver on future guidance • Joseph and Sanjay to continue to play execut
Slide 21: SJS – FY23 Outlook
SJS – FY23 Outlook End Segments FY22 Industry FY23E Industry Contribution to SJS Domestic Vol Growth Domestic Vol Growth Revenue Two Wheelers (10.9%) 15.6% 43.3% Passenger Vehicle 13.2% 19.0% 28.8% ❖ SJS expects ~25% YoY revenue growth on account of expected positive outlook for 2W, PV and Consumer
Slide 22: Thank You
THANK YOU IR Contact Ms. Devanshi Dhruva | Head - Investor Relations devanshi@sjsindia.com 21