Subros Limited · NSE:SUBROS
Subros — Q4 FY2023-24 Earnings Presentation
25 slides from Subros's earnings presentation, May 23, 2024
Slide 1: Exchange filing cover letter
SL/BSE/NSE/2024-25/ 25/ May 23, 2024 The Manager, Dy. General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Ltd., BSE LIMITED, ‘Exchange Plaza’ C-1 , Block G, First Floor, P.J. Towers, Bandra-Kurla Complex, Bandra (E), Dalal Street, Fort, Mumbai-400
Slide 2: Financial Results Quarter 4, FY 2023-24 Investor Presentation
Financial Results Quarter 4, FY 2023-24 Investor Cooling the Planet Presentation
Slide 3: Safe Harbour
SAFE HARBOUR This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl
Slide 4: About Subros
About Subros
Slide 5: Company Profile
Company Profile Established in 1985, Subros is the Largest Air Conditioning & Thermal Products company in India. A Joint Venture company between Suri’s (Indian Promoters)-36.79%, Equity Distribution Denso-20%, Suzuki-11.96%, Public- 31.25% Integrated Thermal Products Noida Plant Pressure Die Casting
Slide 6: Our Board
Our Board Ms. Shradha Suri Dr. Jyotsna Suri Mr. P. K. Duggal Mr. H. Takeuchi Mr Naohisa Kuriyama Mr. Tomoaki Yoshimori Mr. Yasuhiro Iida Chairperson & Managing Director Whole Time Director and Representative of Suzuki Representative of Representative of Alternate Director Director Chief Executive Of
Slide 7: Leadership Team
Leadership Team Ms. Shradha Suri Mr P K Duggal Mr T Murayama Mr. D Srini Chairperson & Chief Executive Officer Advisor EVP Managing Director Technical Centre Hemant Agarwal Mr. A Parashar CFO & VP Finance Chief Operating Officer (Operations, STEC & Service)
Slide 8: Customer Map
Customer Map Passenger Car Segment (AC+ECM) Refrigeration Trucks Commercial Vehicle Segment (Bus, Truck, Tractor) Railways (Driver Cabin + Coach) Residential and Commercial Tooling
Slide 9: Our Difference
Our Difference Backward integrated to enable Strong manufacturing & built-in quality process technology infrastructure India’s leading automotive AC company Proven capabilities In full-system design, validation, manufacturing & supplies Highly reliable & energy- efficient products Pan-India presence
Slide 10: Financial Results & Highlights
Financial Results & Highlights Results Analysis - FY 2023-24 v/s FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q4 FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q3 FY 2023-24 Way Forward
Slide 11: Business Highlights (Q4 2023-24)
Business Highlights (Q4 2023-24) Q4 23-24 vs Q4 22-23 Q4 2023-24 Highlights PVRevenue Segment Thermal growth business growth is 11% Highest Highestever everRevenue Revenuereported reportedfor forRs. Rs. is 19% 748 Cr. in quarter 4 831.51 Cr. in quarter 4 SOP of Fronx started from Karsanpura plant Co
Slide 12: Highlights – Financial Performance
Highlights – Financial Performance FY 2023-24 v/s FY 2022-23 Indicator Amount Growth (Rs. in Cr.) Revenues 3070.57 9% EBIDTA 268.88 43% PBT 140.70 98% PAT 97.66 103% Q4 2023-24 v/s Q4 2022-23 Q4 2023-24 v/s Q3 2023-24 Indicator Amount Growth Indicator Amount Growth (Rs. in Cr.) (Rs. in Cr.) Revenues
Slide 13: Standalone Results For Quarter Ending and Year Ending 31.03.2024
Standalone Results For Quarter Ending and Year Ending 31.03.2024 Amt in Lakhs Quarter Ended Year Ended PARTICULARS 31.03.2024 31.12.2023 31.03.2023 31.03.2024 31.03.2023 Net Sales 82,829 73,014 74,652 3,06,089 2,79,980 Other Operating Income 322 235 158 968 648 Revenue from Operation 83,151 73,248 7
Slide 14: Results Analysis - FY 2023-24 v/s FY 2022-23
Financial Results & Highlights Results Analysis - FY 2023-24 v/s FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q4 FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q3 FY 2023-24 Way Forward
Slide 15: FY 2023-24 v/s FY 2022-23
FY 2023-24 v/s FY 2022-23 Amt. in Lakhs Revenue PBT Recorded revenue 14070 350000 307057 15000 PBT stands at 300000 280628 growth of 9.42% in 4.60% agst. 2.54% 250000 FY 2023-24 10000 7101 200000 150000 5000 100000 50000 0 0 FY 2022-23 FY 2023-24 FY 2022-23 FY 2023-24 EBIDTA PAT 30000 26888 12000 25
Slide 16: Key Indicators FY 2023-24 v/s FY 2022-23
Key Indicators FY 2023-24 v/s FY 2022-23 Rs. in Cr. Indicators FY 2022-23 FY 2023-24 Change Status Key Aspects: Net Sales 2799.80 3060.89 261.09 • Sales is higher by 9.33% due to increase in volume n and Start of Production (SOP) of new business award. Other Income 20.57 14.67 -5.90 n • Other Income
Slide 17: Results Analysis - Q4 FY 2022-23
Financial Results & Highlights Results Analysis - FY 2023-24 v/s FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q4 FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q3 FY 2023-24 Way Forward
Slide 18: Q4 FY 2023-24 v/s Q4 FY 2022-23
Q4 FY 2023-24 v/s Q4 FY 2022-23 Amt. in Lakhs Revenue PBT 83151 Recorded revenue 5000 4530 PBT realization at 90000 74811 growth of 11.15% 4500 5.47% as against 75000 4000 with corresponding 3500 3.57% 60000 2669 45000 Qtr 3000 2500 30000 2000 1500 15000 1000 0 500 0 Q4 FY 2022-23 Q4 FY 2023-24 Q4 F
Slide 19: Key Indicators Q4 FY 2023-24 v/s Q4 FY 2022-23
Key Indicators Q4 FY 2023-24 v/s Q4 FY 2022-23 Rs. in Cr. Indicators Q4 FY 2022-23 Q4 FY 2023-24 Change Status Key Aspects: Net Sales 746.52 828.29 81.77 n • Sales is higher by 10.95% due to increase in volume and additional revenue generation in Q4 23-24 due to new SOP during the year Other Income
Slide 20: Results Analysis - Q3 FY 2023-24
Financial Results & Highlights Results Analysis - FY 2023-24 v/s FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q4 FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q3 FY 2023-24 Way Forward
Slide 21: Q4 FY 2023-24 v/s Q3 FY 2023-24
Q4 FY 2023-24 v/s Q3 FY 2023-24 Amt. in Lakhs Revenue 90000 83151 PBT 73248 Recorded revenue 5000 4530 PBT realization at 75000 growth of 13.52% 4000 3396 5.47% as against 60000 with previous Qtr 4.65% 45000 3000 30000 2000 15000 1000 0 0 Q3 FY 2023-24 Q4 FY 2023-24 Q3 FY 2023-24 Q4 FY 2023-24 EBIDT
Slide 22: Key Indicators Q4 FY 2023-24 v/s Q3 FY 2023-24
Key Indicators Q4 FY 2023-24 v/s Q3 FY 2023-24 Rs. in Cr. Indicators Q3 FY 2023-24 Q4 FY 2023-24 Change Status Key Aspects: Net Sales 730.14 828.29 98.15 n • Sales is higher by 13.44% due to increased volume in Q4 FY 23-24. Other Income 6.59 3.72 -2.87 n Material Cost 73.47% 73.52% 0.05 • Other Inco
Slide 23: Way Forward
Financial Results & Highlights Results Analysis - FY 2023-24 v/s FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q4 FY 2022-23 Results Analysis - Q4 FY 2023-24 v/s Q3 FY 2023-24 Way Forward
Slide 24: Way Forward
WAY FORWARD Growth in Line with the performance of Indian Automobile Industry Market and Revenue Business Expansion in Bus, Railways, Truck AC, Home AC and Refrigeration Trucks Potential Preparation to meet all regulatory changes including BSVI, RDE, CAFÉ and EV Mitigating Impact of Foreign Exchange
Slide 25: Thank You
Thank You Cooling the Planet www.subros.com