Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q1 FY24 Earnings Presentation
35 slides from Ppap Automotive's earnings presentation, Aug 16, 2023
Slide 1: Exchange filing cover letter
16th August, 2023 The Listing Department The Listing Department BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400001 Bandra (E), Mumbai - 400051 Symbol: 532934 Symbol: PPAP Subject: : Analysts and Inve
Slide 2: PPAP Automotive Limited Investor presentation – August 2023
PPAP Automotive Limited PPAP Automotive Limited TAKING CHALLENGES, TOGETHER Investor presentation – August 2023
Slide 3: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by PPAP Automotive Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: PPAP at a glance
PPAP at a glance 45+ 5 5 50 + 10+ Years of Legacy Diversified Business Diversified Diversified Electric Vehicle segments Technologies Customers Customer 10 2600 250 K 300+10 No. 1 + Pan India SKUs Parts SKUs Market Leader for Operating Facilities Shipped per day Shipped per day Under development Pla
Slide 5: Financial Highlights
Financial Highlights 7 A V/A
Slide 6: Management Commentary
Management Commentary Commenting on the results and performance for Q1 FY24 “The current financial year is a year of reckoning for the company, as well as the group. In the current year, the hard work done in the previous years will start yielding positive contributions and ensure long term sustaina
Slide 7: Key Standalone Highlights
Key Standalone Highlights Total Income • The overall performance in Q1FY24 has been impacted mainly due to lower offtake in terms of production by OEMs coupled with absorption of fixed costs Rs. 111.4 Cr. • The Parts contributed 97.4% of the total revenues while Tools & Others contributed 2.6% of th
Slide 8: Segmental Breakup
Segmental Breakup Q1FY23 Q1FY24 Q1FY24 2.6% 7.3% 2.0% 4.0% 17.0% 4.0% 52.0% 4.0% 0.0% 1.0% 6.0% 92.7% 2.0% 97.4% Maruti+SMG MG Motors Hyundai Renault + Nissan Parts Tools & Others Tata Honda Kia Volkswagen+Skoda Mahindra* Toyota 7
Slide 9: Standalone P&L – Q1 FY24
Standalone P&L – Q1 FY24 Particulars (INR Cr) Q1FY24 Q1FY23 Y-o-Y (%) Q4 FY23 Q-o-Q (%) FY23 Revenue from operations 111.4 116.3 -4.2% 127.1 -12.4% 492.3 COGS 67.0 70.3 77.0 300.8 Gross Profit 44.4 46.0 -3.5% 50.1 -11.3% 191.5 Gross Profit Margin 39.9% 39.5% 39.4% 38.9% Employee Expenses 20.4 18.4 2
Slide 10: Consolidated P&L – Q1 FY24
Consolidated P&L – Q1 FY24 Particulars (INR Cr) Q1FY24 Q1FY23 Y-o-Y (%) Q4 FY23 Q-o-Q (%) FY23 Revenue from operations 116.5 123.2 -5.5% 132.3 -12.0% 511.1 COGS 71.1 75.1 82.3 313.6 Gross Profit 45.4 48.1 -5.6% 49.9 -9.2% 197.4 Gross Profit Margin 39.0% 39.0% 37.8% 38.6% Employee Expenses 21.4 19.3
Slide 11: Company Overview
Company Overview 7 A V/A
Slide 12: Board of Directors
Board of Directors Ajay Kumar Jain : Chairman & Managing Director Bhuwan Kumar Chaturvedi : Independent Director • B.E. (Mech.) from I.I.T. Roorkee and M.B.A. from IIM, Ahmedabad • Bachelor of Commerce from Shri Ram College of Commerce, Delhi University • Has a rich and diverse top management experi
Slide 13: Company Ethos
Company Ethos Mission Statement Vision Statement Our Values To be a global level excellence company, • Trustworthiness with an inspiring work culture, • Mutual Respect To be our customer’s • Creativity for serving our customers and our society, No. 1 supplier • Co-operation by exceeding the expectat
Slide 14: Journey Towards Excellence…
Journey Towards Excellence… 1990-2002 2008-2014 2018-2023 • Established Plant - V (Vallam Vadgal) • Conversion of partnership • Listed on BSE and NSE and Plant VI (Ukhlod) firm to private company • Established Plant - III (Surajpur) and Plant - IV (Pathredi) • VW, Hyundai & Kia added as • Establishe
Slide 15: Business Overview
Business Overview Commercial Tool Business Industrial Product Business • Development of Plastic Injection tools up to • Extension of core competence of Plastic and Automotive Parts Business 1.5m * 1.0m Rubber processing to neighboring industries • Established in 2020 as a separate profit other than
Slide 16: Passenger Vehicle Products
Passenger Vehicle Products PPAP SUPPLY PTI SUPPLY GROWING PRESENCE IN ELECTRIC VEHICLES 15
Slide 17: Passenger Vehicle Products
Passenger Vehicle Products A /C Pillar Garnish with SUS applique 16
Slide 18: Two Wheeler Products
> Two Wheeler Products (CPAP) Molded Seat Base Shield, Cover Handle, Battery Pack for Fender Rear, Electric Vehicles Upper > & fo) a iin Fender Rear, “a Lower ~~ Air Connecting Tube : \Cover Leg, Shield Cover,Under 4 » | | Foot board’ y ' eR Injection Moulding Leg Shield . * y/ Shield Leg Lower -- U
Slide 19: Commercial Tool Room
Commercial Tool Room • PLASTIC INJECTION TOOLING • MULTI CAVITY • HIGH SPEED MACHINING • UPTO 1.8 meter LONG TOOL 18
Slide 20: Industrial Products
Industrial Products Plastic parts for Machines / Robots Plastic profiles for Construction Rubber profiles for Construction Plastic Storage Containers Sealing for containers Battery Packs for Storage 19
Slide 21: Battery Packs – Storage and Mobility
Battery Packs – Storage and Mobility AIS 156 Certified Battery Pack – 2 / 3 Wheeler application Solar back up application Customized mobility application Customized industrial application Energy storage application 20
Slide 22: After Market Products
After Market Products Spare Parts Distribution Network • 650 + products • 110 + distributors • 110 Cities Presence Car Accessories Shopelpis.com • Premium Car accessories • Interior • Phone holder • Rear tray • Charger sockets • Perfumes • Steering Covers • Range of self use cleaning products • Glas
Slide 23: Operating Locations
Operating Locations Note –Map not to scale. All data, information, and maps are provided “as is” without warranty or any representation of accuracy, timeliness or completeness. 22
Slide 24: Manufacturing Facilities
Manufacturing Facilities 23
Slide 25: Esteemed Clientele
Esteemed Clientele Diversified mix • Passenger Vehicle OEMs • 2 Wheeler OEMs • Tier-1 of OEMs • Electric 2 wheeler OEMs • Electric cycle OEMs • Electric 3 wheeler OEMs • Electric Vehicle Charger maker • Electrical lighting maker • Agricultural products maker 24
Slide 26: Awards
Awards MARUTI SUZUKI TOYOTA MARUTI SUZUKI MACHINIST SUZUKI MOTORCYCLE 25
Slide 27: Sustainability Report, Global Rating And Awards
Sustainability Report, Global Rating And Awards 26
Slide 28: Historical Financials
Historical Financials 7 A V/A
Slide 29: Standalone P&L
Standalone P&L Particulars (INR Cr) FY23 FY22 FY21 Revenue from operations 492.3 409.1 321.2 COGS 300.8 247.1 182.6 Gross Profit 191.5 162.0 138.5 Gross Profit Margin 38.9% 39.6% 43.1% Employee Expenses 79.0 69.6 61.2 Other Expenses 66.9 53.3 43.6 EBITDA 45.6 39.0 33.7 EBITDA Margin 9.3% 9.5% 10.5%
Slide 30: Standalone Balance sheet
Standalone Balance sheet Liabilities (INR Cr) Mar-23 Mar-22 Mar-21 Assets (INR Cr) Mar-23 Mar-22 Mar-21 Equity Non Current Assets Property, Plant and Equipment 292.6 261.4 230.6 Equity Share capital 14.0 14.0 14.0 Capital work-in-progress 8.9 20.8 20.1 Other Equity 302.5 298.8 295.8 Other Intangible
Slide 31: Standalone Cash Flow
Standalone Cash Flow Particulars (INR Cr) Mar-23 Mar-22 Mar-21 Net Profit Before Tax 9.0 6.1 6.3 Adjustments for: Non Cash Items / Other Investment or Financial Items 17.8 31.5 27.0 Operating profit before working capital changes 45.5 37.6 33.3 Changes in working capital -3.9 6.3 -2.2 Cash generated
Slide 32: Consolidated P&L
Consolidated P&L Particulars (INR Cr) FY23 FY22 FY21 Revenue from operations 511.1 421.9 322.2 COGS 313.6 255.8 183.0 Gross Profit 197.5 166.1 139.2 Gross Profit Margin 38.6% 39.4% 43.2% Employee Expenses 82.9 72.2 62.2 Other Expenses 70.6 55.2 44.1 EBITDA 43.9 38.6 32.9 EBITDA Margin 8.6% 9.1% 10.2
Slide 33: Consolidated Balance sheet
Consolidated Balance sheet Liabilities (INR Cr) Mar-23 Mar-22 Mar-21 Assets (INR Cr) Mar-23 Mar-22 Mar-21 Equity Non Current Assets Equity Share capital 14.0 14.0 14.0 Property, Plant and Equipment 309.7 273.9 234.9 Other Equity 280.7 289.9 292.2 Capital work-in-progress 9.0 20.8 20.1 Other Intangib
Slide 34: Consolidated Cash Flow
Consolidated Cash Flow Particulars (INR Cr) Mar-23 Mar-22 Mar-21 Net Profit Before Tax -5.1 0.1 3.2 Adjustments for: Non Cash Items / Other Investment or Financial Items 49.0 36.7 28.6 Operating profit before working capital changes 43.8 36.9 31.9 Changes in working capital 3.4 -12.3 -4.4 Cash gener
Slide 35: For further information, please contact
For further information, please contact Company : Investor Relations Advisors : CIN: L74899DL1995PLC073281 CIN: U74140MH2010PTC204285 Ms. Pankhuri Agarwal Mr. Aakash Mehta / Mr. Rahul Agarwal investorservice@ppapco.com aakash.s.m@sgapl.net / rahul.agarwal@sgapl.net +91 98706 79263 / +91 98214 38864