Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Investor Presentation (November 2018)
34 slides from Talbros Automotive Components's investor presentation, Nov 13, 2018
Slide 1: Investor Presentation November 2018
1 taIbr INVESTOR PRESENTATION November 2018 ii' is rj7 t . :;4ia :. ,' » ß PDF compression, OCR, web optimization using a watermarked evaluation copy of CVISION PDFCompressor 1
Slide 2: Safe Harbour
Safe Harbour taIb taIbr» This presentation and the accompanying slides (the “Presentation”), which have been prepared by Talbros Automotive Components Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase
Slide 3: Consolidated H1 FY19 Highlights
Consolidated H1 FY19 Highlights H1 FY19 Highest ever Half Yearly Profits Total Income from Operations^ Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, 38% Rs 253.3 Crs Talbros Automotive Components Limited said: “We are extremely pleased with our performance. Auto sector has be
Slide 4: New Order wins Fuel Growth in Business
New Order wins Fuel Growth in Business Magneti Marelli Talbros Chassis Systems Pvt Ltd : Exports order from a UK based OEM, with an estimated annual revenues of Rs. 35+ Crores Forgings: Exports order from a large European OEM worth Rs. 8 Crores Heat Shields: Exports order from a large European OEM w
Slide 5: Consolidated H1 FY19 Performance Highlights
Consolidated H1 FY19 Performance Highlights Rs. Crores Total Income from Operations^ EBIDTA^ Adjusted PAT +38% +57% +84% 253.3 29.9 13.8 183.0 19.1 7.5 H1FY18 H1FY19 H1FY18 H1FY19 H1FY18* H1FY19 EBITDA Margin^ Adjusted PAT Margin +140 BPS +140 bps 11.8% 5.5% 10.4% 4.1% H1FY18 H1FY19 H1FY18* H1FY19 P
Slide 6: H1 FY19 JV's Performance Highlights
H1 FY19 JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd* Magneti Marelli Talbros Chassis Systems Talbros Marugo Rubber Pvt Ltd* Pvt Ltd Total Income from Operations Total Income from Operations Total Income from Operations +8% +39% +35% 61.2 66.2 67.8 25.7 48.9 19.1 H1FY18 H1FY19 H1FY18
Slide 7: Uptrend Continues in Performance
Uptrend Continues in Performance Rs. Crores Total Income from Operations^ EBIDTA^ Adjusted PAT +27% +46% +58% 124.1 129.2 15.6 7.6 14.3 101.6 6.2 10.7 4.8 Q2FY18 Q1FY19 Q2FY19 Q2FY18 Q1FY19 Q2FY19 Q2FY18* Q1FY19 Q2FY19 EBITDA Margin^ Adjusted PAT Margin +160 BPS +120 BPS 11.5% 12.1% 5.9% 10.5% 5.0%
Slide 8: Q2 FY19 JV's Performance Highlights
Q2 FY19 JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd Magneti Marelli Talbros Chassis Systems Talbros Marugo Rubber Pvt Ltd Pvt Ltd Total Income from Operations Total Income from Operations Total Income from Operations +8% +40% +40% 31.2 33.8 36.3 14.0 26.0 10.0 Q2FY18 Q2FY19 Q2FY18 Q2
Slide 9: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Crores) Q2 FY19 Q2 FY18 Y-o-Y Q1 FY19 Q-o-Q H1 FY19 H1 FY18 Y-o-Y FY18 Revenue from Operations (Net of Excise) 128.3 100.8 123.2 251.5 180.8 393.0 Other Income 0.9 0.8 0.9 1.8 2.2 6.3 Total revenue from Operation 129.2 101.6 27.2% 124.1 4.2% 253.
Slide 10: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS Sep-18 Mar-18 EQUITY AND LIABILITIES Sep-18 Mar-18 Non-current assets Equity Property, plant and equipment 132.3 124.3 Equity Share capital 12.3 12.3 Capital work-in-progress 3.0 2.4 Non-Controlling Interest Intangible assets 0.5 0.7 Other equity 178.4 167.1 Intangi
Slide 11: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. Crores) Q2 FY19 Q2 FY18 Y-o-Y Q1 FY19 Q-o-Q H1 FY19 H1 FY18 Y-o-Y FY18 Revenue from Operations (Net of Excise) 128.3 100.8 123.2 251.5 180.8 393.0 Other Income 2.1 1.5 2.1 4.2 3.7 9.4 Total revenue from Operation 130.4 102.3 27.5% 125.3 4.1% 255.7
Slide 12: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. Crores) Sep-18 Mar-18 EQUITY AND LIABILITIES (Rs. Crores) Sep-18 Mar-18 Non-current assets Equity Property, plant and equipment 132.3 124.3 Equity Share capital 12.3 12.3 Capital work-in-progress 3.0 2.4 Non-Controlling Interest Intangible assets 0.5 0.7 Other eq
Slide 13: Business Confirmations & Strategy
Business Confirmations & Strategy Gaskets Standalone Nippon Leakless JV* New Orders: ▪ Cummins – USA & UK +7% +8% ▪ Zetor Tractors – Czech Republic 292 47 ▪ A Non- Automotive conglomerate in Austria 252 267 42 44 ▪ Order for Heat shields from a large European OEM 169 26 Strategic Initiatives : Gaske
Slide 14: Business Confirmations & Strategy
Business Confirmations & Strategy Magneti Marelli Talbros Chassis Systems Pvt Ltd (MMT)* ▪ Order from an OEM in UK worth ~Rs. 35+ Crores per annum +33% 54 ▪ Order from Maruti Suzuki to supply Control Arm Assemblies for Front 43 Suspension, with an Estimated Revenues of Rs. 24 crores per annum 31 34
Slide 15: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability Joint Managing Director Director & Group CFO Anuj Talwar Navin Juneja Is a Bachelor in Business Is a B.Sc. (Mathematics) and Administration from college of Chartered Accountant (FCA). He is William & Mary, Virgina, USA and working as Finance Head of Tal
Slide 16: Vision 2020
Vision 2020 Revenue# EBITDA# Margin 525 - 575 12.0% - 13.0% 12.0% 11.8% 399 272 -322 253 As per Ind AS* Strategy well in place and FY18 H1 FY19 FY20e FY18 H1 FY19 FY20e Progressing as communicated Adjusted PAT^ ROCE 32 - 35 15.0%+ 13.1% 12.1% 21 18 - 21 14 FY18 H1 FY19 FY20e FY18 H1 FY19** FY20e PDF
Slide 17: One of the Most Hedged Auto Component Players
About Us Over 6 Decades of experience in Auto Component manufacturing One of the Diversified Auto Component player with presence across Two Wheelers, Passenger, Commercial Vehicles and Farm Equipment's Most Hedged Auto Wide client base, ~40% revenue from top 5 clients Component Businesses across OEM
Slide 18: Diversified Portfolio
Diversified Portfolio H1FY19 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 4% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 8% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MMT ▪ Passenger Vehicles ▪ Forgings ▪ Exports 10% ▪ Chassis Systems ▪ Commercial Vehicles ▪ Others Forgings ▪ Anti vibr
Slide 19: Growth Strategy
e;:' 1 :. 'e' ø1' Ì4'k , I e \ ,f - i 0' U :' __ M Growth Strategy i,1 wI p. ',' ' . sà1l .4WI I 1 PDF compression, OCR, web optimization using a watermarked evaluation copy of CVISION PDFCompressor 19
Slide 20: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures Joint Ventures About the JV Products Customers ▪ Nippon Leakless Corporation (Japan) - One of the ▪ Hero Motor Corp largest global manufacturers of gaskets and a ▪ HMSI major Supplier for Honda Gaskets ▪ India Yamaha ▪ Honda Car India ▪ Established in 2005
Slide 21: Strong Tailwinds…
Strong Tailwinds… Stricter environmental Norms ▪ BS-VI expected implementation by 2020 Jump towards BS VI ▪ Developing new products such as Heat Shields under Technical Licensing Agreement with 01 SANWA Packaging Huge Potential of Indian Passenger Vehicles Segment Joint Ventures increasing ▪ India’s
Slide 22: The Automotive Opportunities
The Automotive Opportunities +27.4% +30.5% +9.9% Million Units 10.0 2.4 30.2 20.7 3.8 0.8 FY17 FY21F FY17 FY21F FY17 FY21F Passenger Vehicles Commercial Vehicles 2W & 3W Vehicles Source: IBEF TACL: Domestic Sales Break up H1FY19 Agri & Off Others, 4% Loaders, 8% 2 & 3 Wheelers, 36% 28% 36% Strong gr
Slide 23: Business Overview
Business Overview PDF compression, OCR, web optimization using a watermarked evaluation copy of CVISION PDFCompressor 23
Slide 24: Key Milestones
Key Milestones Payen Talbros Technical Agreement •2008 - Technical Agreement JV with Marugo Rubber, incorporated in with Nippon Leakless, with SANWA, Japan Japan for Anti-Vibration collaboration with Japan to manufacture • 2009 – Technical Agreement and Hoses Coopers Payen UK Non-Asbestos Gaskets wi
Slide 25: Board of Directors
Board of Directors Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Chairman Vice Chairman & MD Joint Managing Director Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Joint Managing Director Director Non Executive Director Mr. V Mohan Mr Anil Kumar Mehra Mr. Amit Burman Independent Director In
Slide 26: Executive Management
Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 17 years of experience with LeeBoy India She has over 22 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor
Slide 27: Standalone Business - Gaskets
Standalone Business - Gaskets H1FY19 Revenue Rs 167.9 Crores H1FY19 OEM Breakup ▪ In – House tool design and manufacturing Others Export ▪ ~40% Market share in Gaskets 3x the 4% 11% 2 & 3 Wheelers 6% After nearest competitor 13% Market Passenger Vehicle 12% 36% ▪ Market Leader in – Two Wheeler, Agri
Slide 28: Standalone Business - Forgings
Standalone Business - Forgings H1FY19 Revenue Rs 86.2 Crores Exports ▪ One stop solution for Hot Forging (750 to 42% 1,600 Ton Press) ▪ In-House tool design and manufacturing Others OEM ▪ Strong presence in Overseas Market & 6% 52% Supplier to top Tier I companies ▪ One Stop Solution for Die Design,
Slide 29: Scope of Joint Ventures
Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush k'\ Front Cross Members W / i Engine Mount p7.% I. Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Pl
Slide 30: Evolving Product Portfolio
Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis
Slide 31: Hedged Customer Base
Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader INTERNATIONAL Agri & Off Loader PDF compression, OCR, web optimization using a watermarked evaluation copy of CVISION PDFCompressor 31
Slide 32: Manufacturing Facilities
Manufacturing Facilities Forging Gasket Bawal – Haryana Iii 1I Faridabad, Haryana (2 plants & R&D e Centre) Pune, Maharashtra & Sitarganj, Uttarakhand 'TIVE COMPONENTIU Talbros Marugo Rubber Tr ( I r Manesar – Gurgaon LT L Nippon Leakless 4' '!\ / Bawal – Haryana "4 Haridwar – Uttarakhand Magneti Ma
Slide 33: Equity
Equity Consistently paying Dividend for the last 50 years In Rs 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 1.2 1.0 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 Promoter Shareholding 54% 54% 57% 57% 57% 51% 44% 46% 46% 42% 38% Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Dec-16 Mar-17 Mar-18 PDF
Slide 34: For further information, please contact:
For For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Mr. Navin Juneja – Director & Group CFO Mr. Rahul Agarwal Email: navinjuneja@qhtalbros.com
Talbros Automotive Components — Investor Presentation (November 2018) on 6ix