S.j.s. Enterprises Limited · NSE:SJS
S.j.s. Enterprises — Q2 FY2023 Earnings Presentation
27 slides from S.j.s. Enterprises's earnings presentation, Nov 10, 2022
Slide 1: Cover letter to stock exchanges
November 10, 2022 To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Corporate Relationship Department, Plot No. C/1, G Block, 2nd Floor, New Trading Wing, Bandra – Kurla Complex, Rotunda Building, P.J. Towers, Bandra (E), Mumbai -400 051 Dalal Street, Mumbai – 400 0
Slide 2: S.J.S Enterprises Limited Q2FY23 Earnings Presentation
S.J.S ENTERPRISES LIMITED Q2FY23 EARNINGS PRESENTATION
Slide 3: Disclaimer
Disclaimer Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward- looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expectatio
Slide 4: Today's Presenters
Today’s Presenters K A JOSEPH SANJAY THAPAR MAHENDRA NAREDI DEVANSHI DHRUVA Managing Director CEO & Executive Director Chief Financial Officer Head–Investor Relations • Founded the company in • Over 30 years of experience • 20+ years of experience in • Previously worked with 1987 in the automotive i
Slide 5: About SJS Enterprises
About SJS Enterprises
Slide 6: S.J.S Enterprises Limited: A Snapshot
S.J.S Enterprises Limited : A Snapshot FY21-FY26 CAGR (1) One of the leading players in Indian Rs 1,169.4 Mn 20% 1 decorative aesthetics industry which has Q2FY23 Revenue (2) 10-12% 11-13% 12-14% faster than underlying industry growth (1) 2W PV CD Aesthetics 11 7 Widest range of products(5) with pro
Slide 7: Q2FY23 Highlights
Q2FY23 Highlights 17.3% YoY growth in revenue in Q2FY23 to Rs 1169.4 Mn; Consolidated PAT at Rs 199.5 Mn, on a margin of 17.1% 30.3% YoY growth in Automotive (2W+PV) segment - + Outperforming the underlying industry Strong Cash & Cash Equivalents position with Rs 1,295.1 Mn; Debt free company Added
Slide 8: SJS Outperformed Auto Industry
SJS Outperformed Auto Industry Q2FY23 - Industry Production Volume1 v/s SJS YoY Sales2 Industry SJS Strong double-digit growth, despite macro economic headwinds 31.3% 38.1% 30.3% 28.9% 17.3% 12.1% 7.7% + H1FY23 - Industry Production Volume1 v/s SJS YoY Sales2 Industry SJS 47.4% 38.9% Consistently 35
Slide 9: SJS Outperformed Auto Industry on Y-o-Y basis
SJS Outperformed Auto Industry on Y-o-Y basis Industry Scenario ➢ Higher than 2W industry growth in 2W segment on back of new order wins from 2W customers like TVS, Royal Enfield, Bajaj Auto, HMSI etc ➢ Consumer durables segment performance was impacted on account of slowdown in market and lower dem
Slide 10: Q2FY23 Business & Financial Highlights
Q2FY23 Business & Financial Highlights
Slide 11: Q2FY23 Financial Performance (Consolidated)
Q2FY23 Financial Performance (Consolidated) Picking up a strong pace… 17.3% • Revenue at Rs 1,169.4 Mn on account of 30.3% YoY growth in YoY growth automotive (2W+PV) segment - outperforming the underlying industry 24.5% • EBITDA at Rs 333.8 Mn, on back of higher sales, softening in commodity YoY gr
Slide 12: H1FY23 Financial Performance (Consolidated)
H1FY23 Financial Performance (Consolidated) Consistently delivering robust performance… • Revenue at Rs 2,201.1 Mn on back of 37.2% YoY growth in 26.5% domestic sales YoY growth • Automotive (2W+PV) segment delivered 38.9% YoY growth • EBITDA at Rs 612.0 Mn, on back of softening in raw material 34.8
Slide 13: Consolidated P&L Performance
Consolidated P&L Performance Particulars (INR in Mn) Q2FY23 Q2FY22 YoY% Q1FY23 QoQ% H1FY23 H1FY22 YoY% Operating Revenue 1,169.4 996.9 17.3% 1,031.7 13.3% 2,201.1 1,739.6 26.5% EBITDA* 333.8 268.2 24.5% 278.2 20.0% 612.0 454.0 34.8% EBITDA Margin % 28.0% 26.6% 26.4% 27.2% 25.8% Profit After Tax (PAT
Slide 14: Consolidated Balance Sheet Performance
Consolidated Balance Sheet Performance • Strong Cash & cash equivalents position (including Investments) of ~Rs 1,295.1 Mn as on 30th Sep 2022 • Strong Cash Flow generation of ~Rs 322.6 Mn for H1FY23 • FCFF to EBITDA stood at 52.7% for H1FY23 • Debt free Company on net debt basis • Long term borrowi
Slide 15: Q2FY23 Business Highlights (1/2)
Q2FY23 Business Highlights (1/2) Strong growth story continues… Adding new customers & growing mega accounts Key Customer Addition Key Business Projects Won Skoda Auto Volkswagon India – decals & 3D lux parts Leading manufacturer of premium fans & domestic appliances in Indian market – for IML parts
Slide 16: Q2FY23 Business Highlights (2/2)
Q2FY23 Business Highlights (2/2) Strong growth story continues… Products : Focus on new product development and technologies • SJS continued to demonstrate strong NPD capabilities: • Illuminated Logos – in discussions with customers for implementing new generation technology • Cover glass technology
Slide 17: Awards & Recognition
Awards & Recognition SJS won 8 awards for Quality and Delivery performance 6 awards at Quality Circle Forum of India, 1 from Visteon and 1 from Lumax 16
Slide 18: CSR - Serving the Community
CSR - Serving the Community SJS Enterprises adopts 7 villages as part of the Swachh Bharat initiative • SJS Enterprises along with Bruhat Bengaluru Mahanagara Palike initiated door-to-door garbage collection in Agara Panchayat Jurisdiction Bengaluru, covering 7 villages • Seek to solve the problem o
Slide 19: Outlook: FY23–25 (Medium Term), FY23 (Near Term)
Outlook: FY23–25 (Medium Term) FY23 (Near Term)
Slide 20: SJS – Outlook for FY23 - 25
SJS – Outlook for FY23 - 25 1 Organic growth expected at ~25% CAGR, maintaining best in class margins Capacity Expansion: Expand chrome plating capacity to meet higher demand pipeline • Double the chrome plating capacity to support revenues of Rs 300 Crs from the current Rs 130 Crs capacity • Expect
Slide 21: "Creating Possibilities" for Two Wheelers
“Creating Possibilities” for Two Wheelers Gearing up for the Future… Chrome plated parts Fuel Tank Pads 3D Badges Body Aluminium Badge Graphics Paint IML Protection Films Wheel Rim Stripes PU Domes & Aluminum Logos Speed o Meter Applique Lens Mask Assembly Speed O Meter Touch Panel Illuminated Logos
Slide 22: "Creating Possibilities" for Four Wheelers
“Creating Possibilities” for Four Wheelers Gearing up for the Future… Car Exterior Roof Graphics Chrome Plating Illuminated Logos Fuel Badge Black Out Tape Air vent Wheel Rim Graphics Wheel logo Door Edge Guard Body Graphics Side Cladding Door Projector Chrome Plating Solutions Lights Aluminum badge
Slide 23: "Creating Possibilities" for Four Wheelers
“Creating Possibilities” for Four Wheelers Gearing up for the Future… Car Interior 2D / 3D Appliques Touch Screen Illuminated logos IME Emblems Interior Highlighter IMD / IML HVAC Overlays Illuminated Scuff Plates Chrome plating interior *Legacy Products New Generation Products Future Products 22
Slide 24: "Creating Possibilities" for Consumer Appliances
“Creating Possibilities” for Consumer Appliances Gearing up for the Future… Pressure Sensitive Conductive Buttons Printed Electronics (Heaters) Touch Screen Chrome High Performance Plated capacitive Overlays Decorative Decal Branding/ Chrome Plating Logos IME (In mold Electronics ) IML *Legacy Produ
Slide 25: SJS – Outlook for FY23 - Merger & Acquisitions
SJS – Outlook for FY23 - 25 2 Merger & Acquisitions Build capability in adjacent / new aesthetic product categories Identified key product categories to enter / expand presence which include: SJS successfully integrated • IMD / IML Exotech business and • IME (In-Mould Electronics) demonstrated credi
Slide 26: SJS – FY23 Outlook
SJS – FY23 Outlook End Segments FY22 Industry FY23E Industry Contribution to SJS Domestic Vol Growth Domestic Vol Growth Revenue (FY22) Two Wheelers (10.9%) 11.0 – 13.0% 43.3% Passenger Vehicle 13.2% 24.0 – 26.0% 28.8% ❖ SJS expects ~25% YoY revenue growth on account of expected positive outlook for
Slide 27: Thank You
THANK YOU IR Contact Ms. Devanshi Dhruva | Head - Investor Relations devanshi@sjsindia.com 26