Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q4 FY2020 Earnings Presentation
64 slides from Lumax Auto Technologies's earnings presentation, Jun 20, 2020
Slide 1: Exchange filing cover letter
Lumax™ LATL:CS:IP:2020-21 Date : 20.06.2020 BSE Limited National Stock Exchange of India Limited Listing Compliance Department Listing Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400 001 Bandra Kurla Complex, Bandra (E), Mumbai — 400051 Compan
Slide 2: Lumax Auto Technologies Limited Investor Presentation June 2020
Lumax Auto Technologies Limited Investor Presentation – June 2020
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 15 Entities in 8 States 30 Manufacturing Facilities 4 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 3
Slide 5: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY20 Revenue of Rs. 2,900 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Transmission Products, Seat Structures, Aftermarket, Telematics Products and Servic
Slide 6: Purpose, Vision & Values
Purpose, Vision & Values LUMNX DK JAIN aeane OUR GROUP PURPOSE We celive pride and progress wil positivity Lumax* Lumax® OUR VALUES Resoect Integrity Passion Excellence DE JAIN att Lumax™ OUR VISION Bai cing it admired high performance 2) ohal organisation ir bom ell szkerald= have absolute trust.
Slide 7: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV Telematics Products & Services Antennas HVAC Panel Transmission Products Destination Boards & Urea Tanks for Commercial Vehicle Aftermarket products 6
Slide 8: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 7
Slide 9: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp 8
Slide 10: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING, HVAC PANELS JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AND OTHER ELECTRONICS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 37.5% in Lumax 78.72% in SL Lumax 50% in Lumax
Slide 11: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence JAPAN ISRAEL SPAIN EXCLUSIVE DISTRIBUTORSHIP JV FOR SALE OF TELEMATICS AGREEMENT PRODUCTS AND SERVICES JV FOR OXYGEN SENSORS Relationship Since 2017 Relationship Since 2017 Relationship Since 2014 50% in Lumax Ituran Telematics Pvt. Ltd. 49% in Lumax FAE
Slide 12: 30 Locations close to Customers
30 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 4 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridw
Slide 13: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team Environment-conscious work Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 14: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 15: Relationships with Diversified Customers
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 16: Lumax Auto Technologies Limited: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 17: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Intake Systems, Integrated Plastic
Slide 18: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 19: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Allied
Slide 20: Milestones
Milestones 2017: Chakan plant received TPM excellence award from JIPM Formed a JV with Ituran Location 2020 2018: Setup an R&D center and Control Limited, Israel to under Lumax Cornaglia Auto provide Telematics Products and Technologies Pvt Limited at Services Pune 2020: Bengaluru plant has Formed a
Slide 21: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 50% 55% 100% 100% Lumax Cornaglia Lumax Gill-Austem Lumax Mannoh Lumax Management Lumax Integrated Auto Technologies Auto Technologies Allied Technologies Services Pvt Limited Ventures Limited Pvt Limited Pvt Limited Limited June 2
Slide 22: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Italy Japan Japan Exclusive Distributorship JV for Emission Systems JV for Gear Shifters Agreement Relationship Since 2007 Relationship Since 2008 Relationship since 2014 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied Technologies Pvt Limited Tech
Slide 23: Cater to Diversified Segments
Cater to Diversified Segments Lighting Module(incl. Gear Shift Lever Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) Gear Shift Tower Gear Shift Lever Chassis for 2-wheelers Intake Systems Seat Structures Fabricated parts for 3- Seat Structures
Slide 24: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 23
Slide 25: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar (HR) Pantnagar (UK) No of Plants: 3 No of Plants: 1 Integrated Plastic Lighting Products Modules Gear Shifters Products Painted Parts Transmission Products OE Accessories Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH)
Slide 26: Share Holding as of 31st March, 2020
Share Holding as of 31st March, 2020 Shareholding breakup Others 20.79% Institutions Promoters 23.24% 55.97% 25
Slide 27: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director He is 45 years of age & is a Business He is 76 years of age & holds a MBA He is 41 years of age & holds Bachelors Graduate from Illinois Institute of degree from Delhi university & h
Slide 28: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. K K Gandhi Mr. A P Gandhi He is 68 years of She is 46 years of He is 61 years of age He is 74 years of age • He is 81 years old & is a He is 69 years of age & age & holds B.A.
Slide 29: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Naval Khanna Mr. Vikas Marwah Director & Group CFO Corporate Head – Taxation Chief Executive Officer Age: 53 years Age: 63 years Age: 52 years Experience: 29 Years Experience: 43 years Experience: 29 Years Mr. Atul Jain Mr. Lalitendu Samanta Ms. P
Slide 30: Professional & Experienced Team
Professional & Experienced Team Mr. Rajesh Dubbewar Mr. Vivek Jakhmola Mr. Sanjay Bhagat Head Metallic Head Body & Trim and Emission Head After Market Age: 53 years Age: 45 years Age: 54 years Experience: 30+ years Experience: 23 years Experience: 29 years Mr. Ashish Dubey Mr Anil Tyagi Chief Financ
Slide 31: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 32: Financial Performance
LUMNX Financial Performance
Slide 33: Product-wise Revenue Q4 FY20
Product-wise Revenue Q4 FY20* Product-wise Revenue mix Q4 FY19 Product-wise Revenue mix Q4 FY20 (Rs. 301 Crores) (Rs. 273 Crores) Other Misc Intake Lighting Intake Lighting Other Misc 9% Systems 12% Systems 13% 12% 5% 4% Chasis Chasis 14% 15% Integrated Plastic Integrated Modules Gear Plastic Gear 2
Slide 34: Product-wise Revenue FY20
Product-wise Revenue FY20* Product-wise Revenue mix FY19 Product-wise Revenue mix FY20 (Rs. 1,187 Crores) (Rs. 1,141 Crores) Other Misc Other Misc Intake Lighting Intake Lighting 8% 8% Systems 12% Systems 13% 4% 4% Chasis Chasis 16% 16% Integrated Integrated Plastic Plastic Gear Gear Modules Modules
Slide 35: Segmental Revenue Break-Up Q4 FY20: Sales Channel
Segmental Revenue Break-Up Q4 FY20: Sales Channel* Sales Channel Q4 FY19 Sales Channel Q4 FY20 (Rs. 301 Crores) (Rs. 273 Crores) 19% 19% 81% 81% OEM After Market OEM After Market *Performance highlights excludes Discontinued Operations of PCB business 34
Slide 36: Segmental Revenue Break-Up FY20: Sales Channel
Segmental Revenue Break-Up FY20: Sales Channel* Sales Channel FY19 Sales Channel FY20 (Rs. 1,187 Crores) (Rs. 1,141 Crores) 17% 18% 83% 82% OEM After Market OEM After Market *Performance highlights excludes Discontinued Operations of PCB business 35
Slide 37: Segmental Revenue Break-Up Q4 FY20: Category
Segmental Revenue Break-Up Q4 FY20: Category* Category Q4 FY19 Category Q4 FY20 (Rs. 301 Crores) (Rs. 273 Crores) 5% 9% 8% 11% 19% 45% 42% 19% 22% 20% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others *Performance highlights excludes Discontinued Opera
Slide 38: Segmental Revenue Break-Up FY20: Category
Segmental Revenue Break-Up FY20: Category* Category FY19 Category FY20 (Rs. 1,187 Crores) (Rs. 1,141 Crores) 7% 6% 7% 7% 17% 18% 49% 48% 19% 20% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others *Performance highlights excludes Discontinued Operations
Slide 39: Client wise Revenue Q4 FY20
Client wise- Revenue Q4 FY20* Category Q4 FY19 Category Q4 FY20 (Rs. 301 Crores) (Rs. 273 Crores) Lear Others 14% Others 3% Toyota Bajaj Lear Toyota Bajaj 19% 2% 36% 2% 2% 34% MSIL 6% MSIL 7% LIL 9% LIL 11% HMSI After Market HMSI After Market 9% 19% 8% 19% *Performance highlights excludes Discontinu
Slide 40: Client wise Revenue FY20
Client wise- Revenue FY20* Client-wise Revenue mix Q4 FY19 Client-wise Revenue mix Q4 FY20 (Rs. 1,187 Crores) (Rs. 1,141 Crores) Others Lear Others Lear Toyota 15% 2% Toyota 13% 3% 2% Bajaj 2% Bajaj 37% 37% MSIL MSIL 7% 6% LIL 10% LIL 8% HMSI HMSI 11% After Market After Market 12% 17% 18% *Performan
Slide 41: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ 1,187.0 1,140.9 123.9 1,111.5 116.2 108.8 905.2 965.4 86.1 75.2 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19* FY20* PAT After MI Cash PAT 53.2 80.3 84.3 48.7 49.8 74.0 34.5 58.1 31.8 52.6 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19
Slide 42: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 533 28.1 481 424 23.4 375 332 15.0 11.0 11.5 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19* FY20* Capex Long Term Debt / Equity 79 0.10 52 50 0.05 0.05 36 31 0.03 0.03 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19* FY20*
Slide 43: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 24.0 11.2 10.7 11.2 18.3 18.5 16.0 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19* FY20* Dividend (% of Face Value) EPS^ (in Rs.) 150.0 150.0 7.8 7.2 7.3 100.0 4.7 5.1 47.0 47.0 FY16 FY17 FY18 FY19 FY20 FY16 FY17* FY18* FY19* FY20* ROCE = EBIT / Capi
Slide 44: Consolidated Quarterly Performance Highlights
Consolidated Quarterly Performance Highlights*# Revenue EBIDTA^ PAT after MI 9.4% 7.7% 3.5% 2.2% 301 28 11 273 21 6 Q4FY19 Q4FY20 Q4FY19 Q4FY20 Q4FY19 Q4FY20 # Performance highlights excludes Discontinued Operations of PCB business Rs. Crores ^EBITDA includes share of profits from Jv’s & Other Incom
Slide 45: Consolidated FY20 Performance Highlights
Consolidated FY20 Performance Highlights*# Revenue EBIDTA^ PAT after MI 10.4% 9.5% 4.5% 4.4% 1,187 124 53 1,141 50 109 FY19 FY20 FY19 FY20 FY19 FY20 # Performance highlights excludes Discontinued Operations of PCB business Rs. Crores ^EBITDA includes share of profits from Jv’s & Other Income * Finan
Slide 46: Consolidated P&L Statement
Consolidated P&L Statement*# Particulars (Rs. in Crores) Q4 FY20 Q4 FY19 Y-o-Y FY20 FY19 Y-o-Y Revenue 272.74 301.40 -9.51% 1,140.91 1,186.98 -3.88% Raw Material Consumption 184.35 202.76 772.39 804.26 Employee Expenses 32.01 30.35 134.78 132.29 Other Expenses 41.75 42.19 142.79 140.26 Other Income
Slide 47: Consolidated Balance Sheet
Consolidated Balance Sheet*# ASSETS (Rs. in Crores) Mar-20 Mar-19 EQUITY & LIABILITIES (Rs. in Crores) Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 307.42 287.20 Capital work-in-progress 20.74 22.25 Equity Share capital 13.63 13.63 Investment Property 18.16 18.73 Non-Control
Slide 48: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement*# Particulars (Rs in Crores) FY20 FY19 Proftt before tax from continuing opetations 64.68 87.59 Profit before tax from discontinued operations 9.49 17.58 Adjustments 35.98 31.08 Operating profit before working capital changes 110.15 136.25 Changes in working capital
Slide 49: Awards & Recognitions
LUMNX Awards & Recognitions
Slide 50: Awards & Recognition
Awards & Recognition Lumax Auto Technologies Limited, Pantnagar won the Silver Award in Excellence in HSE (Health, Safety and Environment) - Very Large Category at ACMA Technology Summit & Awards in November, 2019. 49
Slide 51: Awards & Recognition
Awards & Recognition Lumax Gill-Austem Auto Technologies Pvt Ltd won the Gold Award in Excellence in HSE (Health, Safety & Environment) - Small Category at the ACMA Technology Summit & Awards in November, 2019. 50
Slide 52: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar won the Bronze Award in Excellence in HR at the ACMA Technology Summit & Awards in November, 2019. 51
Slide 53: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A total of 368 teams from 13 countries participated in the global Quality Control Circles competition. 52
Slide 54: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited won the Part Design & Development (Supplier Design Category) Award from Maruti Suzuki India Limited in May, 2019. 53
Slide 55: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited awarded for Improvement in Quality Performance by Maruti Suzuki India Limited in May, 2019 54
Slide 56: Awards & Recognition
Awards & Recognition Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax Auto Technologies Limited , Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019 55
Slide 57: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 56
Slide 58: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 57
Slide 59: Awards & Recognition
Awards & Recognition Won the prestigious Gold award for Top 100 best annual report for excellence within its industry for the past fiscal year. 58
Slide 60: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 59
Slide 61: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 60
Slide 62: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 61
Slide 63: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 64: For further information, please contact
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Pratik R. Shah priyanka.sharma@lumaxmail.com shogun.ja
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