Gabriel India Limited · NSE:GABRIEL
Gabriel India — FY2019 Earnings Presentation
26 slides from Gabriel India's earnings presentation, May 16, 2019
Slide 1: Cover letter to stock exchanges
Gabriel India Limited 29th Milestone, Pune-Nashik Highway, GABRIEL Village Kuruli, Tai : Khed, Dist. Pune - 410 501 (India) Tel. :+ 91 - 2135 - 610700, 610757 Fax :+ 91 - 2135 - 610787, 610796 May 16, 2019 www.anandgroupindia.com BSE Limited National Stock Exchange of India Limited 25th Floor, P. J.
Slide 2: Gabriel India Ltd Result Update Presentation FY19
Successful Growth Gabriel India Ltd Quality Result Update Presentation FY19 Research & Development Customer Relationships
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form t
Slide 4: Financial Highlights – FY19
Financial Highlights – FY19 (Rs. Mn) % on Y-o-Y basis Revenue EBITDA % PAT 20,765 950 8.6% 13.3% 0.8% 1,778 1,431 4.6% 3.8% 4.3% EBITDA PBT PAT % 3
Slide 5: Financial Highlights – Q4 FY19 v/s Q4 FY18
Financial Highlights – Q4 FY19 v/s Q4 FY18 (Rs. Mn) Revenue EBITDA % on Y-o-Y basis 464 5,103 4,968 343 Key Highlights Revenue: Revenue led by Higher Q4FY18 Q4FY19 Q4FY18 Q4FY19 Volumes across TWBU & CVRBU PBT PAT PBT: Profitability dropped due to 374 257 higher RMC % (Commodity, Sales 257 Mix & Rup
Slide 6: Revenue Mix
Revenue Mix Segment – Mix Channel – Mix 100% 100% 100% 100% 100% 100% 100% 100% 4% 4% 4% 4% 11% 13% 13% 14% 13% 13% 11% 11% 31% 24% 32% 31% 83% 83% 85% 85% 58% 62% 55% 56% FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 2W Passanger Vehicle Commercial Vehicle OE Replacement Export Note: FY17,FY18 & FY19 dat
Slide 7: Profit and Loss Statement
Profit and Loss Statement % of % of % of % of Rs. Mn Q4 FY19 Q4FY18 YoY% FY19 FY18 YoY% Revenue Revenue Revenue Revenue Revenue (net of excise duty) 5,103 100.0% 4,968 100.0% 2.7% 20,765 100.0% 18,331 100.0% 13.3% Raw Material 3,774 73.9% 3,546 71.4% 15,070 72.6% 13,106 71.5% Employee Expenses 374 7
Slide 8: Balance Sheet
Balance Sheet ASSETS (Rs. Mn.) Mar-19 Mar-18 EQUITY AND LIABILITIES (Rs. Mn.) Mar-19 Mar-18 Non-current assets 3,969 3,417 EQUITY 5,900 5,249 Property, Plant and Equipment 2,955 2,926 Capital work-in-progress 538 78 Equity Share Capital 144 144 Investment Property 22 23 Other Equity 5,756 5,105 Inta
Slide 9: Quarterly Performance Trend
Quarterly Performance Trend Revenue EBITDA PAT 942 950 1,713 1,778 20,765 827 173 18,331 343 752 257 1,462 5103 465 226 1,294 15,206 205 220 Q4 14,305 4968 375 430 328 215 3882 5100 402 187 3634 Q3 4471 351 177 315 289 3528 3721 515 5416 455 266 Q2 213 4717 383 194 3919 338 3739 Q1 490 268 4176 5146
Slide 10: Key Ratios
Key Ratios D:E Ratio (x) ROIC* (%) 33.2% 0.31 29.1% 27.8% 27.7% 26.7% 0.23 19.9% 18.0% 0.04 0.03 0.02 0.02 0.01 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY13 FY14 FY15 FY16 FY17 FY18 FY19 * Invested capital excluding Cash & Bank balances, Mutual Fund investments and returns thereon 9
Slide 11: Capital Expenditure
Capital Expenditure (Rs.Mn) 518 500 437 396 388 348 FY14 FY15 FY16 FY17 FY18 FY19 10
Slide 12: Working Capital
Working Capital Net Working Capital (In Days) 30 28 26 26 25 24 FY14 FY15 FY16 FY17 FY18* FY19* * Adjusted for vendor bills discounted and non-inclusion of final dividend as proposed dividend in comparison to earlier years. The adjusted net working capital days for FY18 & FY19 will be 23 & 28 days.
Slide 13: Improving Dividend Profile
Improving Dividend Profile Dividend Per Share (Rs.) 1.50 1.40 1.30 • Continuous Dividend 1.20 since 1998 1.05 • Stable Payout Ratio 0.85 • Declared Final Dividend of Rs. 0.95 per share, amounting to 95% of Face Value • Total Dividend of Rs. 1.50 per share of Re. 1 each FY14 FY15 FY16 FY17 FY18 FY19
Slide 14: Great Place to Work
“Great Place to Work” ▪ Rank #89 among Top 100 Companies to 2018 work for in India ▪ Ranked in Top 25 workplaces in manufacturing in India ▪ Ranked #2 in Auto & Auto Component 2017 Industry ▪ Rank #52 among Top 100 Companies to work for in India ▪ Ranked #3 in Auto Component Industry 2016 ▪ Rank #70
Slide 15: Awards / Accolades
AWARDS / ACCOLADES Toyota Award for Zero PPM, Quality Certificate and HMSI Award for Quality Management Special Safety Recognition Suzuki Motorcycles Award for Cost MSIL Award for Special Support Reduction through VA/VE 14
Slide 16: Awards / Accolades
AWARDS / ACCOLADES Yamaha Global Award for Excellence in TVP Implementation Powerdown – Certificate of Consistency Gold Award of FICCI Quality System Excellence for Manufacturing 15
Slide 17: Business Overview
GABRIEL Business Overview l 16 ACYM —awsysco (7 Faurecia — orscena GABRIEL Halex Henkel power @orson MIAHLE Pando > E> seicen UJA Valeo
Slide 18: Company at a Glance
Company at a Glance Incorporated The company, Gabriel India, in 1961 Experienced & Professional Management Pioneers of Shock Absorber manufacturing in India Innovation Strong R&D with over 75 patents filed in Products & Processes Only Player Present in all Segment 2/3 Wheelers, Passenger Cars and Co
Slide 19: Pioneer of Ride Control Products…
Pioneer of Ride Control Products… 2/3 Wheeler Passenger Car CV & Railways Front Forks Cartridges Shock Absorbers Hydraulic Shock Gas Shock Cabin Dampers Absorbers Absorbers Gas Shock McPherson Seat Dampers Absorbers Struts After Market across all segments 18
Slide 20: …with Diversified Revenue
…with Diversified Revenue Revenue (Rs. Mn) Segment Mix: FY19 2/3 Wheelers 20,765 62% 18,331 15,206 14,355 14,305 12,813 Passenger 11,831 Commercial cars Vehicles 24% 14% Channel Mix: FY19 Aftermarket OE 11% 85% FY13 FY14 FY15 FY16 FY17 FY18 FY19 Exports Note: FY17,FY18 & FY19 data are as per INDAS 4
Slide 21: Strategic Manufacturing Footprint
Strategic Manufacturing Footprint Ashok Leyland SML Isuzu Tata Motors GIL Presence Honda Cars Honda Motorcycles TVS Motors GIL Plants ICML Yamaha India Maruti Suzuki Parwanoo GIL Satellite Locations Suzuki Motorcycles Manesar Khandsa AMW GM Sanand Dewas Tata Motors Hindustan Motors Honda Motorcycles
Slide 22: Strategy Going Ahead
Strategy Going Ahead 21
Slide 23: Strategic Business Unit Approach
Strategic Business Unit Approach 2/3 Wheeler Passenger Car • Quality & Process • Product Innovation Technology • Improving Market Share • Capacity Enhancement 01 04 02 03 CV & Railways Aftermarket • Product Development • Product Technology • Expanding Reach • New Product Devolvement To derive benefi
Slide 24: No OEM accounting for >20% of Sales
“No” OEM accounting for >20% of Sales 2/3 Wheeler Passenger Car CV & Railways 23
Slide 25: Key Drivers for Growth
Key Drivers for Growth • Exports Focus • Inorganic Growth • Global Manufacturing Footprint Sales Growth • Customer Focus • Debt Reduction • Break Even Point (BEP) Reduction Efficiency Technology & Improvement • Simplification of Innovation Parts • Improvement in quality • Automation • R & D Focus .
Slide 26: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Manoj Kolhatkar Mr. Jigar Kavaiya / Ms. Neha Shroff Manoj.Kolhatkar@gabriel.co.in jigar.kavaiya@sgapl.ne