Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Investor Presentation (July 2018)
51 slides from Lumax Auto Technologies's investor presentation, July 2018
Slide 1: Lumax Auto Technologies Limited Investor Presentation - July 2018
Lumax Auto Technologies Limited Investor Presentation - July 2018
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 3: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 14 Entities in 8 States 27 Manufacturing Facilities 3 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 3
Slide 4: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY18 Revenue of Rs. 2,950 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Seat Structures & Mechanisms, LED Lighting, Aerospace & Defence Engineering Service
Slide 5: Purpose, Vision & Values
Purpose, Vision & Values GROUP PURPOSE We deliver pride and progress with positivity VISION Building an admired high performance global organisation in whom all stakeholders have absolute trust VALUES Respect | Integrity | Passion | Excellence 5
Slide 6: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV ▪ Destination Boards & Urea Tanks for Commercial Vehicle ▪ Telematics Products & Services Aftermarket products 6
Slide 7: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers Aftermarket products 7
Slide 8: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan JV for Lighting and other JV for Gear Shifters JV for Lighting JV for Emission Systems automotive parts Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 37.5% in Lumax Industries 78.72
Slide 9: 27 Locations close to Customers
27 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 Maharashtra Pune 8 Waluj 2 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridw
Slide 10: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer ▪ A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team ▪ Environment-conscious work ▪ Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 11: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 11
Slide 12: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence 12
Slide 13: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products 13
Slide 14: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services R&D Centre Intake Systems, Integra
Slide 15: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 16: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames 2017 & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Al
Slide 17: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 100% 50% 50% 55% 100% 100% (2006) Lumax Mannoh Lumax Lumax Cornaglia Lumax Gill-Austem Lumax Integrated Lumax DK Auto Allied Management Auto Technologies Auto Technologies Ventures Pvt Industries Limited Technologies Services Pvt Pvt L
Slide 18: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence USA Italy Japan Korea Italy JV for Seat Frames, JV for Integrated Logistic JV for Emission Systems JV for Gear Shifters Structures and Support Engineering Mechanism Relationship Since 2007 Relationship Since 2008 Relationship since 2013 Relationship since
Slide 19: Cater to Diversified Segments
Cater to Diversified Segments ✓ Lighting Module(incl. ✓ Gear Shift Lever ✓ Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) ✓ Intake Systems ✓ Gear Shift Lever ✓ Chassis for 2-wheelers ✓ Seat Frames & Mechanism ✓ Seat Frames & ✓ Integrated Plastic Mechanism Modules
Slide 20: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 20
Slide 21: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar (HR) Pantnagar (UK) No of Plants: 3 No of Plants: 1 SMT,LED Lighting Integrated Plastic Products Products Painted Parts Modules Gear Shifters Domestic Trading Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH) Mehsana (GJ
Slide 22: Share Holding as of 30th June, 2018
Share Holding as of 30th June, 2018 Shareholding breakup Others 22.40% Institutions Promoters 21.96% 55.64% 22
Slide 23: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 75 years of age & holds a MBA degree ▪ He is 39 years of age & holds Bachelors in ▪ He is 43 years of age & is a Business from Delhi university & has successfully Business Administ
Slide 24: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. K K Gandhi ▪ He is 68 years of age & ▪ He is 67 years of ▪ She is 45 years of ▪ He is 60 years of age ▪ He is 73 years of age is a Mechanical age & holds B.A. age and she is a & holds B
Slide 25: Professional & Experienced Team
Professional & Experienced Team Mr. Naval Khanna Mr. Sanjay Mehta Mr. Ashish Dubey Mr. B S Bhadauriya Ms. Swapnal Patane Corporate Head – Taxation Director & Group CFO Chief Financial Officer Group – Company Secretary Company Secretary Age: 61 years Age: 50 years Age: 50 years Age: 53 years Age: 29
Slide 26: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Bhagat Mr. Rajesh Dubbewar Head After Market Head Metallic Age: 52 years Age: 50 years Experience: 28 years Experience: 30 years Mr. Vivek Jakhmola Mr. M Balakrishnan Head Body & Trim and Emission Head Telematics Age: 41 years Age : 42 years Experience: 20
Slide 27: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 28: Financial Performance
LUMNX Financial Performance
Slide 29: Product-wise Revenue FY18 & Q1FY19
Product-wise Revenue FY18 & Q1FY19 Product-wise Revenue mix FY18 (Rs. 1,111 Product-wise Revenue mix Q1FY19 (333 Crores) Crores) Intake Moulded Moulded Intake Gear Systems Parts Parts SMT Systems Shifter & 4% 17% SMT 17% 9% 3% Parking 17% Brakes Gear 12% Shifter & Parking Brakes After 10% After Chas
Slide 30: Segmental Revenue Break-Up FY18: Sales Channel
Segmental Revenue Break-Up FY18: Sales Channel Sales Channel FY18 (Rs. 1,111 Crores) Sales Channel Q1FY19 (Rs. 333 Crores) 15 12 85 88 OEM After Market OEM After Market 30
Slide 31: Segmental Revenue Break-Up FY18: Category
Segmental Revenue Break-Up FY18: Category Category FY18 (Rs. 1,111 Crores) Category Q1FY19 (Rs. 333 Crores) 12 10 46 49 12 15 29 27 2/3 Wheeler Passenger Car After Market Others 2/3 Wheeler Passenger Car After Market Others 31
Slide 32: Client wise- Revenue FY18 & Q1FY19
Client wise- Revenue FY18 & Q1FY19 Client-wise Revenue mix FY18 (Rs. 1,111 Client-wise Revenue mix Q1FY19 (Rs. 333 Crores) Crores) Toyota Others Toyota Others 2% 12% 2% 13% Bajaj Auto Bajaj Auto 33% 30% MSIL MSIL 6% 5% HMSI HMSI Aftermarket 14% 13% 12% Aftermarket LIL LIL 15% 18% 25% Figures in Rs.
Slide 33: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 424 51.6 375 306 332 40.2 294 211 27.2 28.1 15.0 11.0 FY13 FY14 FY15 FY16 FY17* FY18* FY13 FY14 FY15 FY16 FY17* FY18* Capex Long Term Debt / Equity 91 0.23 84 0.16 52 0.13 36 0.10 31 0.05 13 0.03 FY13 FY14 FY15 FY16 FY17 FY18 FY13
Slide 34: Revenue & Return Ratios
Revenue & Return Ratios Revenue * EBITDA * 1,111 905 965 101.0 766 763 837 68.4 76.0 67.1 60.4 66.8 FY13 FY14 FY15 FY16 FY17* FY18* FY13 FY14 FY15 FY16 FY17* FY18* PAT After MI* Cash PAT * 74.0 48.7 41.1 58.1 52.0 47.8 48.4 52.6 31.8 34.5 30.2 29.0 FY13 FY14 FY15 FY16 FY17* FY18* FY13 FY14 FY15 FY16
Slide 35: Return Ratios
Return Ratios ROE (%) ROCE (%) 19.4 25.3 24.0 13.4 13.5 17.6 18.0 18.3 18.5 11.2 11.2 10.7 FY13 FY14 FY15 FY16 FY17* FY18* FY13 FY14 FY15 FY16 FY17* FY18* Dividend (% of Face Value) EPS^ (in Rs.) 100.0 7.2 6.0 70.0 4.7 5.1 60.0 60.0 4.4 4.2 47.0 47.0 FY13 FY14 FY15 FY16 FY17 FY18 FY13 FY14 FY15 FY16
Slide 36: Quarterly Performance Highlights
Quarterly Performance Highlights^ Revenue EBIDTA * PAT after MI +42% +56% +97% 333 33 18 235 21 9 Q1FY18 Q1FY19 Q1FY18 Q1FY19 Q1FY18 Q1FY19 EBIDTA Margin (%) PAT after MI Margin (%) +92 bps +152 bps 10.0% 5.4% 9.1% 3.9% Q1FY18 Q1FY19 Q1FY18 Q1FY19 In Rs. Crores *EBITDA excludes Other Income & includ
Slide 37: Consolidated P&L Statement
Consolidated P&L Statement* Particulars (Rs. in crores) Q1 FY19 Q1 FY18 Y-o-Y Q4FY18 Q-o-Q FY18 Net Revenue from Operations 332.99 235.03 41.7% 331.59 0.4% 1,111.47 Raw Material Consumption 228.40 162.77 234.98 778.14 Employee Expenses 34.23 25.90 29.49 111.00 Other Expenses 36.95 26.19 38.92 120.75
Slide 38: Consolidated Balance Sheet
Consolidated Balance Sheet* Assets (Rs. in crores) Mar-18 Equity & Liabilities (Rs. in crores) Mar-18 Non-current assets Equity Property, plant and equipment 251.51 Equity Share capital 13.63 Capital work-in-progress 11.98 Non Controlling Interest 30.28 Investment Property 19.31 Other equity 437.55
Slide 39: Awards & Recognitions
LUMNX Awards & Recognitions
Slide 40: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 40
Slide 41: Awards & Recognition
Awards & Recognition Maruti Suzuki India Ltd Awarded – Lumax Mannoh Allied Technologies Ltd for “Overall Vendor performance” 41
Slide 42: Awards & Recognition
Awards & Recognition BAL –TPM Excellence Award for year 2017-18 to Lumax Auto Technologies Limited, Aurangabad from Bajaj Auto Limited 42
Slide 43: Awards & Recognition
Awards & Recognition Quality Gold Award to Lumax Auto Technologies Limited, Aurangabad, for zero customer complaint for last 2 years i.e. 2016-17 & 2017-18 from Bajaj Auto Limited 43
Slide 44: Awards & Recognition
Awards & Recognition Lumax DK Auto Industries received the Bronze award from Honda Access India in the category of “Development” 44
Slide 45: Awards & Recognition
Awards & Recognition Award –Supplier Convention Received from HMSI on 17th February 2017 45
Slide 46: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 46
Slide 47: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 47
Slide 48: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 48
Slide 49: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 49
Slide 50: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 51: For further information, please contact:
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909MH1981PLC025519 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Rahul Agarwal / Mr. Shrikant Sangani priyanka.sharma@lumaxmail.com rahul
Lumax Auto Technologies — Investor Presentation (July 2018) on 6ix