Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q3 FY2022 Earnings Presentation
22 slides from Greaves Cotton's earnings presentation, Feb 8, 2022
Slide 1: Cover letter to stock exchanges: Investor Presentation
GREAVES SINCE 1859 8th February, 2022 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Investor Presentation This is further to our letter dated 4th February, 2022 and pursuant to Regulation
Slide 2: Recovery. Resilience. Resurgence. Q3 FY2022 Investor's Presentation
RECOVERY. RESILIENCE. RESURGENCE. Q3 FY2022 Investor’s Presentation (February 2022) ENGINES RETAIL E-MOBILITY
Slide 3: Q3 FY22 Highlights
Q3 FY22 Highlights Financial Overview Key Financial Highlights • E-mobility business recorded highest ever quarterly sales of ~ 22k units Revenue EBITDA PAT • Electric Mobility accounts for 37% of overall quarterly revenue Rs. 486 Cr Rs. 14 Cr Rs (6) Cr • Ampere, amongst the fastest growing E-Mobili
Slide 4: Management Commentary
Management Commentary Nagesh Basavanhalli Managing Director and Group CEO Electric Mobility recorded 213% revenue growth in Q3 FY22 vs Q3 FY21 Inauguration of EV manufacturing facility and one-of-a- “The company has retained its leadership position in E-Mobility Industry by kind Experience Cent
Slide 5: Greaves Business Structure
Greaves Business Structure Revenues – Rs 486 Cr. Revenues – Revenues – Revenues – Rs 195 Cr Rs 105 Cr Rs 181 Cr NEW BUSINESS E-Scooters E-Rickshaw E-Auto Auto Non-Auto Multi-Brand EV Multi-Brand retail format service format With lifting of COVID restrictions, 3W Auto sales is Asset light busines
Slide 6: Greaves' 'AND & AND' strategy yielding results
Greaves’ ‘AND & AND’ strategy yielding results Investments in E-Mobility accelerates Group’s revenue diversification plan Quarterly Revenue Trend (INR Cr.) Covid Impact & 513 NBFC Crisis 525 Rapid Recovery 482 23 387 68 374 330 181 27 42 90 486 495 528 490 457 391 452 360 288 301 284 Q4FY17 Q2FY18 Q
Slide 7: Focus on consolidation of operations for strong cash flow
Focus on consolidation of operations for strong cash flow Strong Balance Sheet with growing business footprint Greaves manufacturing footprint transition 265 242 207 180 E-Rick mfg. at Greater Noida (Leased Assembly Facility) Sept'20 Jun'21 Sept'21 Dec'21 Consolidated Cash Position (net of external
Slide 8: Accelerating EV adoption through time bound actions
Accelerating EV adoption through time bound actions PRODUCT CONSUMER EXPERIENCE NETWORK New launches keeping pace with Enriching Customer touchpoints beyond brick & mortar Nation-wide fast expanding retail footprints evolving Customer needs across 400+ Towns & cities One-of-a-kind Ampere One of Indi
Slide 9: Making India a Global EV destination
Making India a Global EV destination • Inaugurated EV production facility in Ranipet, Tamil Nadu • ~70% women workforce • Supports flagship initiatives of the Government of India, such as ‘Make in India’ and ‘Atmanirbhar Bharat’ Q3 FY22 INVESTOR’S PRESENTATION 8
Slide 10: Sustainability, Technology, Creativity - at new Experience Centre
Sustainability, Technology, Creativity - at new Experience Centre • Inaugurated* by eminent environmentalists Padma Shri Salumarada Thimmaka, Padma Shri Tulsi Gowda and Miss SupraNational Asha Bhatt on 3rd Jan 2022 • Offering an immersive experience with AR/VR Technology, the centre has been designe
Slide 11: Emergence of Fastest Growing E2W Brand - Ampere
Emergence of Fastest Growing E2W Brand - Ampere 237% growth Quarterly sales of Magnus EX Highest revenue over Q3FY21 18,000+ units contributor 29% 100% Increased Hi- Speed Vehicle FY19 Q3 FY22 Mix 71% 9% 100% Lithium Ion Vs FY19 Q3 FY22 Lead Acid *Based on Vahaan Portal Q3 FY’22 Data 91% Q3 FY22 INV
Slide 12: Greaves Retail strengthens Multi-brand retail with AutoEVmart
Greaves Retail strengthens Multi-brand retail with AutoEVmart 15+ OEMs Complete 3S Network On-board Solution expansion across Sales| Service| Spares key cities soon Covering wide spectrum of Customer Segments in both B2B & B2C applications- Working executives, Students, Homemakers, Fleet owners, Las
Slide 13: Greaves Engines consolidates its position in Non-Auto applications
Greaves Engines consolidates its position in Non-Auto applications HIGHLIGHTS DEMAND DRIVERS Auto • Strong demand from healthcare • Entry into new market of Inland segments across COVID care waterways in Marine Segment hospitals and Oxygen plants • Light construction products • Increased new custome
Slide 14: Financial Performance
Financial Performance Greaves Consolidated Result Q3 FY22 Q3 FY22 Segment Revenues (INR Cr.) 1.10% 495 486 Revenue EBITDA Engines 37.30% 40% PAT Retail 49 21 14 E-Mobility Others Q3 FY21 Q3 FY22 (6) 21.70% Greaves Standalone Result Q3 FY21 Q3 FY21 Segment Revenues Revenue 11.70% (INR Cr.) 437 EBITDA
Slide 15: Financial Snapshot
Financial Snapshot Consolidated Particulars Q3 Growth (%) Q2 Growth (%) 9M FY22 Growth (%) (Rs. Cr.) FY22 FY21 Y-o-Y FY22 Q-o-Q FY22 FY21 Y-o-Y Income from Operations 486 495 (1.7%) 374 30% 1089 980 11.1% RMC (%) 74.0% 72.5% 74.5% 73.6% 72.2% Employee Cost 45 32 41 128 103 Other Expenses 68 55 64 17
Slide 16: Segment Volumes
Segment Volumes Q3 Growth (%) Q2 Growth (%) 9M FY22 Growth (%) Volumes (Units) FY22 FY21 Y-o-Y FY22 Q-o-Q FY22 FY21 Y-o-Y Auto Engines 8,141 34,543 (76%) 8,667 (6%) 26,234 64,993 (60%) Non-Auto Engines 8,490 12,434 (32%) 11,032 (23%) 28,969 29,926 (3%) Engines 16,631 46,977 (65%) 19,699 (16%) 55,203
Slide 17: Balance Sheet and Cash Flow Trend
Balance Sheet and Cash Flow Trend (Rs. Cr.) Dec-21 Mar-21 Dec-20 Free Cash Flow (Rs. Cr.) 98 Short Term Debt 10 4 5 69 66 Long Term Debt 24 1 FY21 9MFY21 9MFY22 • Robust cash generation to fund expansion Total Debt 34 4 6 • Ranipet plant and experience Centre funded completely Cash & Cash Equivalent
Slide 18: In summary - Driving growth momentum
In summary - Driving growth momentum Q3 was significant for E- Launch of Experience Continuous growth in Greaves Greaves E-mobility, one of the Mobility business with Centre and increase in Retail business. Recent launch of fastest growing E-Mobility brand, Ranipet plant launch, retail footprint is
Slide 19: Sustainability at its Core
Sustainability at its Core ENVIRONMENTAL SOCIAL GOVERNANCE Green Approach ISO 45001 Zero Cases essential part of the Company’s culture Certified regarding unfair trade practices, irresponsible advertising and anti-competitive behaviour UN Sustainable Development Goals (SDGs) - Honoured with the titl
Slide 20: Awards and Recognition in Q3 FY'22
Awards and Recognition in Q3 FY’22 Certified 2nd time in a row as ‘Great Social Impact Award Automotive Hall of Manufacturing and Promising Brands Place to Work’ 2021 by ACEF Asian Fame Nov 2021 by ET Quality Excellence 2021 by ET Leaders Polymers 2021 by Quantic Q3 FY22 INVESTOR’S PRESENTATION 19
Slide 21: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Greaves Cotton (“Greaves” or the Company) future business developments an
Slide 22: Thank You
STRONG BASE| SOUND FUNDAMENTALS| STABLE CASHFLOW AGILE STRUCTURE | POWERFUL PORTFOLIO| NEW PRODUCTS SOLID MANAGEMENT EXPERTISE | STRONG EXECUTION TASKFORCE MORE INCOME OPPORTUNITIES | MORE FASTER RETURNS | MORE TO LIFE GROWING BRANDS | GROWING RETAIL FOOTPRINT | GROWING CUSTOMER BASE THANK YOU REGIS