Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Q1 FY2025 Earnings Presentation
35 slides from Uno Minda's earnings presentation, Aug 7, 2024
Slide 1: Investor Presentation Q1 FY'25
INVESTOR PRESENTATION Q1 FY’25 August 7, 2024 1
Slide 2: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the ba
Slide 3: Content
CONTENT 01. Industry Highlights 04 02. Operational Highlights 05 03. Financial Highlights 06 04. Business Review 11 05. Annexures 21 06. Overview: Uno Minda Group 23 3
Slide 4: Industry Highlights for Q1 FY25
INDUSTRY HIGHLIGHTS FOR Q1 FY25 Auto Industry growth momentum e-2W Registration decline continues led by recovery in 2W impacted by subsidy reduction Recovery in 2W market with improved rural e-2W registration for the quarter down by 20% Y-o-Y sentiment registering 20% YoY growth during the basis an
Slide 5: Key Operational Highlights for Q1 FY25
KEY OPERATIONAL HIGHLIGHTS FOR Q1 FY25 Strengthening e4W specific Foray into Vehicle Sunroof with portfolio with TLA with Inovance AISIN Corporation Entered into Technical License Agreement with TLA with Aisin Corporation, Japan to manufacture Inovance to manufacture and sale of Charging and sale of
Slide 6: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 7: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Group Revenues (Including JVs and Consolidated Revenues increased by Associates) (Unaudited) higher by 24% 23% Y-o-Y to Y-o-Y Rs 4,600 Cr Rs 3,818 Cr for the quarter for the quarter EBITDA higher by 24% Y-o-Y to EBITDA margin at Rs 408 Cr at 10.7% for the qua
Slide 8: Consolidated Financial Highlights – Q1 FY25
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q1 FY25 Revenue (Rs. Cr) EBITDA (Rs. Cr) 408 23% 330 24% 142 119 36 3,818 25 3,093 194 241 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 UML Revenue PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 10.67% 10.68% 15% 173 199 4.84% 4.56% Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 UML Cons
Slide 9: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET 9
Slide 10: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q1 FY24 (%) Q1 FY25 (%) Others Others Switches 19% 14% 25% Switches 27% Acoustics Acoustics 7% 5% Seatings 7% Seatings 9% Casting Lighting 20% Lighting Casting 23% 24% 20% 10
Slide 11: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 27% 26% 26% 25% 25% • Export of 2W switch continues to grow. Crosses Rs 50 839 933 928 963 958 Crores in first quarter Switches Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 24% 26% 23% 23% 24% • SOP of several orders in last few q
Slide 12: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 7% 6% 6% 5% 5% 208 210 202 213 204 • Introduced electronic horn in aftermarket Acoustic Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 9% 8% 8% 7% 7% • Uno Minda Tachi-S starts production • European Agricultural Vehicles business re
Slide 13: Revenue Breakups Q1 FY25
REVENUE BREAKUPS Q1 FY25 OR 3W International Aftermarket CV 4% 2% 13% 6% 4% 4W 47% 2W 43% India OEM 87% 94% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 13
Slide 14: Aftermarket - Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, • Revenue of Rs. 235 Cr during the quarter Shocks & struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 15: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Sales to 2W Electric Vehicles Rs Crores Motor Controller 180 164 160 Smart Plug 136 143 Battery Management System On-Board Charger DC-DC Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Converter Body Control Module (BCM) Potential Ki
Slide 16: Product Portfolio under Inovance TLA
Product Portfolio under Inovance TLA Inovance a leading provider of Power intelligent components and Supply systems for electric and hybrid vehicles & supplies to many of the leading Chinese and Global PV and CV OEMs eAxle ~ USD 4.2 billion in revenue in FY23 TLA for Charging Control Unit (CCU), EV
Slide 17: EV Strategy for Four Wheeler
EV Strategy for Four Wheeler Wall Mounted Charging Unit Battery Disconnect Unit Under Production/Orders Won Integrated Charging 1 Battery Disconnect Unit Control Unit 2 AC Charging Cable 3 Integrated Charging Control Unit (OBC + DC DC + PDU) ( Low Voltage) Under Self Development/TLA Done Telematics
Slide 18: Vehicle Sunroof with AISIN
Vehicle Sunroof with AISIN AISIN Group provides ❖ Sunroof penetration has witnessed manyfold jump in last few years presenting a compelling market automotive opportunity components and systems through a ❖ TLA with Aisin Corporation, Japan to manufacture and sale of vehicle sunroofs in India global n
Slide 19: Project Expansion Update
Project Expansion Update Total Cost (In Expected Sr Product Line Entity Location Capacity Update Crs) SOP Q2 FY26 Project announced 1 4W Alloy Wheels Uno Minda Ltd 542 Kharkhoda 120k Wheel p.m. Phase 1 To be spend over 5 years Minda Kosei Q3 FY25 Land Acquisition Delays 2 4W Alloy Wheels 190 Bawal 6
Slide 20: Annexures
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Slide 21: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Cr) Q1 FY25 Q1 FY24 YoY% Q4 FY24 QoQ% FY24 FY23 YoY% Revenue from Operations (Net of Excise) 3,818 3,093 23% 3,794 1% 14,031 11,236 25% Raw Material 2,460 1,987 2,410 9,064 7,224 Employee Cost 516 424 452 1,779 1,460 Other Expenses 433 352 459 1,
Slide 22: About Uno Minda
ABOUT UNO MINDA Internal 22
Slide 23: About Uno Minda
ABOUT UNO MINDA UNO MINDA A Leading Auto Component & Systems Player, Uno Minda Limited is one of the leading manufacturers of auto components and systems with leadership across key product segments. Since 1958 ₹ 169B ($ 2.03 B) * TOP 200 74 The company has a well diversified product portfolio with m
Slide 24: Domains & Product Groups
Domains & Product Groups Switches 4W, Lamps 2W, 3W, CV & 4W & CV Off road Electric Vehicle Lamps Products 2W, OR Sensors & Actuators Speakers Infotainment LPG CNG Systems Kits ADAS Horns Products Controllers Hoses Gear Shifters Blow Moulded & Seat Belts Parts Air Bags, Interior Air Filters Exterior
Slide 25: Engine agnostic portfolio with potential upside from EV transition
Engine agnostic portfolio with potential upside from EV transition Domains Product Lines ICE EV 4W Switches & HVAC ✓ ✓ Charging Sockets ✓ ✓ Sensors ✓ ✓ Actuators ✓ ✓ Controllers ✓ ✓ Electronic & Control Systems Seat Belts ✓ ✓ Shifters ✓ ✓ Infotainment Systems ✓ ✓ Cameras ✓ ✓ Telematics & TCU ✓ ✓ RPA
Slide 26: Global Presence
GLOBAL PRESENCE Strategic Manufacturing Location Growing International Presence 68 29 HO Head RO Reg. 14 6 7 Sales 8 1 Plants Engg. Centers Office Office Warehouses Plants Office Engg. Centers Warehouse North zone. (31) [17] {1} East zone (1) Manesar (8) [6] HO Jamshedpur (1) Bawal (10) [5] Neemrana
Slide 27: Top Management Team
TOP MANAGEMENT TEAM Mr. Nirmal K Minda Mr. Ravi Mehra Mr. Amit Jain Mr. A.G. Giridharan Mr. Kundan K Jha Mr. Naveesh Garg Mr. Rajeev Gandotra Chairman & Managing Director Deputy Managing Director Group Chief Technical CEO- Safety & Comfort CEO, Light Metal & CEO- Electronics and CEO – Light & Acoust
Slide 28: In-house R&D helps drive Innovation
In-house R&D helps drive Innovation… Two-tier Engineering Organization Europe India Central R&D Centre With A Focus On Advanced & Future Technology Pune, Gurugram, Chennai, Hosur & Bangalore India Regensburg, Munich, Ingolstadt-1, Wolfsburg -2, Osnabruck-1 Germany Bilbao Spain Product-focused Busine
Slide 29: Uno Minda – Central R&D and Design Studio
UNO MINDA – Central R&D and Design Studio Locations Uno Minda’s first flagship centre for Key functional Competencies research engineering and advance technologies. Product Planning Technical Sales MISSION: Attain Technology Leadership with Simulation based Engineering Ingenious CREATors to Innovate
Slide 30: Nurturing Partnerships and Affiliations
Nurturing Partnerships and Affiliations JV- Steering Wheel with Airbags, Body Sealing, Fuel Caps, Hoses M&A Horns M & A Lighting Solutions JV - Panel & Control Switches, Seatbelts JV – Printed Circuit Boards JV – Vehicle Seat Recliners JV- Blow Molding JV - Speakers Gear Shifters (PCB) Components M
Slide 31: Potential Kit Value – Uno Minda
POTENTIAL KIT VALUE – UNO MINDA 2020 2021 2022 2023 2024 15798 14,261 14,901 14851 13,952 14,16114374 13,910 12,336 12,003 10,66111,027 9,675 9,585 9,231 8,457 8,243 7,110 6,978 7,181 7,324 7324 6,261 4,517 3,611 Economy Executive Premium Scooter Moped Up to 110 CC Up to 110 CC Up to 110 CC All scoo
Slide 32: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental Social Corporate Governance More than 90% of plants ISO Vision to enable Employee and 14001 & ISO 45001 certified Community Well-Being with 15% Renewable Energy Share – FY 23-24 (Environmental & OHS Management System) following organizational go
Slide 33: Awards & Recognitions
Awards & Recognitions Customer Awards Mr. Nirmal K Minda, CMD, Uno Minda Limited, has Uno Minda is proud to secure 2023-24 been awarded the the Great Place To prestigious HURUN Self- Work® (GPTW) Certification made Entrepreneur Award, for the third consecutive year! QUALITY 2023! DELIVERY BEST SUPPL
Slide 34: Group Strengths
Group Strengths Robust Systems and Governance mechanism Long Standing Located close to each Strategic & Relationships with customer Technology Driven Strong System, Processes with experienced board to drive OEMs Alliances Governance and Ethical Practices 6 Decades of Preferred Supplier Located in al
Slide 35: Thank You
Thank You Corporate Office For further information, please contact Follow us on Address: Village Nawada Fatehpur, P.O. Sikanderpur Mr. Ankur Modi Badda, Manesar, Gurgaon – 122004, India. Vice President Head Treasury and Communication Website: www.unominda.com amodi@unominda.com 35