Jtekt India Limited · NSE:JTEKTINDIA
Jtekt India — Q1 FY20 Earnings Presentation
22 slides from Jtekt India's earnings presentation, Aug 13, 2019
Slide 1: Presentation for Analyst and Institutional Investors cover letter
JT£ KT .ITEKT INDIA LIMITED Head Office : M3M Cosmopolitan, 1st Floor, Sector-no, Ramgarh Road, JT-EKT (Formerly known as Sona Koyo Steering Sy~tcms Limited) (Adjacent to Col( Course Extension Road), Koyo f lmJ Gurugram - 122 002, Haryana, India. Tel : +91124 478 3100, Fax : +91 124 478 3199. 13th A
Slide 2: JTEKT India Ltd Investor Presentation – Aug 2019
JTEKT India Ltd Investor Presentation – Aug 2019 PROPERITY & CONFIDENTIAL JTEKT India Limited 1
Slide 3: Contents
1 Performance Review ‐ Standalone 4 2 Performance Review ‐ Consolidated 7 3 Key Ratios ‐Impact on Financials 8 4 Operational Highlights 10 5 Financial Statements 12 6 Details on Technical Centre 15 7 About Us 18 PROPERITY & CONFIDENTIAL JTEKT India Limited 2
Slide 4: Performance Review - Standalone
Performance Review‐Standalone Page 3 PROPERITY & CONFIDENTIAL JTEKT India Limited
Slide 5: Q1 FY20 Standalone (YoY)
Q1 FY20 Standalone (YoY) Revenue EBIDTA Profit & Margin PAT & PAT Margin 4500 600 13% 140 132 8.0% 4400 10% 11% 7.0% 500 120 4300 4219 9% 6.0% 400 443 7% 100 4200 7% 5.0% 80 4100 7% 300 68 60%4.0% 3953 296 5% 3.1% 4000 6.3% YOY 200 60 YOY 3.0% 3900 3% 40 1.7% 3800 100 2.0% 1% 20 1.0% 3700 0 ‐1% 3600
Slide 6: Q1 FY20 Standalone (QOQ)
Q1 FY20 Standalone(QOQ) Revenue EBIDTA Profit & Margin PAT & PAT Margin 270 8.0% 5000 4810 800 16% 234 4500 700 13% 14% 7.0% 3953 220 4000 600 12% 6.0% 3500 500 619 10% 170 4.9% 3000 5.0% 7% 2500 7% 400 8% 60% 120 4.0% 2000 12.3% YOY 300 6% YOY 296 68 3.0% 1500 200 4% 70 1000 100 2% 2.0% 1.7% 500 0
Slide 7: Performance Review - Consolidated
Performance Review‐ Consolidated Page 6 PROPERITY & CONFIDENTIAL JTEKT India Limited
Slide 8: Consolidated Q1FY20
Consolidated Q1FY20 Revenue EBIDTA Profit & Margin PAT & PAT Margin 4200 4160 600 14.1% 180 5.0% 4150 11.8% 160 500 12.1% 3.7% 4100 140 4.0% 400 8.7% 10.1% 4050 9% 2.6% 120 10% 4000 YOY 300 YOY 8.1% 100 YOY 3.0% 6.1% 3950 80 3904 200 4.1% 1.6% 2.0% 3900 60 100 2.1% 3850 492 341 40 1.0% 0 0.1% 3800 2
Slide 9: Key Ratios: Financials Qtr-1 FY-2020
Key Ratios : Financials Qtr‐1 FY‐2020 Debt Equity Fixed Assets Turnover Ratio 1.30 6.00 1.10 5.00 0.90 4.00 3.52 3.00 3.25 0.70 3.00 0.50 0.44 0.33 2.00 0.30 0.25 1.00 0.10 ‐ (0.10) FY‐18 FY‐19 Qtr‐1 FY‐20 FY‐18 FY‐19 Qtr‐1 FY‐20 Page 8 PROPERITY & CONFIDENTIAL JTEKT India Limited
Slide 10: Operational Highlights
Operational Highlights Page 9 PROPERITY & CONFIDENTIAL JTEKT India Limited
Slide 11: Product Wise & Geographic Sales Mix
Product Wise & Geographic Sales Mix Product Wise Sales Mix* Geographic Sales Mix Product Revenue Breakup FY‐20 FY‐20 FY‐20 Others, 17% RPS M, 18% 16% 7% Axle, 8% 84% Coloumn, 4% 93% HPS, 10% CEPS, 42% Steering & Coloumns Drivline Exports Domestic FY‐19 FY‐19 FY‐19 8% RPS M, 18% 16% Others, 16% Axle,
Slide 12: Financial Statements
Financial Statements Page 11 PROPERITY & CONFIDENTIAL JTEKT India Limited
Slide 13: P&L - Standalone
P&L –Standalone Table of content Rs/Million Q1 F19 Q1 F20 YOY % Q4 F19 QOQ % Particulars Sales Revenue 4219 3953 ‐6% 4810 ‐18% Material Cost 2890 2783 ‐4% 3284 ‐15% Manufacturing Cost 250 229 ‐8% 248 ‐8% Selling Cost 72 45 ‐38% 49 ‐10% Employee Cost 468 508 9% 462 10% Administrative Cost 98 93 ‐5% 1
Slide 14: P&L - Consolidated
P&L –Consolidated Rs/Million Table Particulars of content Qtr‐1 F 19 Qtr‐1 F 20 YOY % Qtr‐4 F 19 QOQ % Sales Revenue 4160 3904 ‐6% 4754 ‐18% Material Cost 2737 2640 ‐4% 3121 ‐15% Manufacturing Cost 263 244 ‐7% 261 ‐7% Selling Cost 73 45 ‐38% 49 ‐8% Employee Cost 493 535 9% 500 7% Administrative Cost
Slide 15: Technical Centre at JIN
Technical Centre at JIN Page 14 PROPERITY & CONFIDENTIAL JTEKT India Limited
Slide 16: JIN Technical Centre
JIN Technical Centre To be No1 development partner Improve development efficiency < Customer Expectations > • Limited Resource to Local Needs * Speed up Local Development support overseas JJP Inputs local projects * Cost Competitiveness Reginal TC Self Reliance • Focus on future * New Technology ado
Slide 17: Technical Centre Road Map and Current Situation
Technical Centre Road Map and Current Situation Target : Self reliance (Stand‐alone) in development of reliable products in India “Develop in India” Steering Products Mid term road map • Expand test facility • Establish JIN‐TC (new • CEPS system – Dev • Test facility upgrade building) [Local Project
Slide 18: Technical Centre Infrastructure
Technical Centre Infrastructure Time Plan -TC 2018 2019 2020 2021 Jul Oct~ Jan~ Apr~ July~ Oct~ Jan~ Apr~ July~ Oct~ Jan~ Apr~ July~ Oct~ ~Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Phase-1 (Product validation area) Phase-2 (P/Type Mfg + B/Marking) Phase-3 (TC Design office) Page 17 PRO
Slide 19: About JTEKT India Limited
About JTEKT India Limited (Company Background) Established in 1984, JTEKT India Limited (formerly known as Sona Koyo Steering Systems Limited) (JIN) is currently the largest manufacturer of steering systems for the passenger car and utility vehicle market in India, catering to passenger cars, util
Slide 20: About JTEKT Corporation Japan
About JTEKT Corporation Japan PROPERITY & CONFIDENTIAL 19 JTEKT India Page Limited 19
Slide 21: About JTEKT Corporation
About JTEKT Corporation (Company Background) JTEKT Corporation was established in January 2006 through the merger of Koyo Seiko Co. Ltd., a world‐class bearing manufacturer, and Toyoda Machine Works, Ltd., a machine tool manufacturer excelling in world‐leading technologies. Combining the most adva
Slide 22: The Journey Begins Now
The Journey Begins Now Page 21