Slide 1: Cover letter to stock exchanges
August 14, 2020 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MIN
Slide 2: Minda Corporation Limited Q1 FY2021 Earnings Presentation
Information & Connected Systems Minda Corporation Limited (NSE: MINDACORP; BSE: 538962) Q1 FY2021 Earnings Presentation Mechatronics August 2020 Plastics & Interiors Instrument Clusters Sensors Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plastic Component Earnings Presenta
Slide 3: Table of Contents
Table of Contents 1. Quarterly Updates Company Snapshot Industry at Glance Financial Performance Growth Drivers and Roadmap Awards and CSR 2. Annexure A (Detailed Financials) 3. Annexure B Earnings Presentation Page 2 of 34
Slide 4: One of India's leading automotive component Companies
One of India’s leading automotive component Companies Diversified product portfolio, global customers, strong Revenue RevenueBreakdown BreakdownFY20, including Q1FY21 KTSN (and Q1FY20) manufacturing and advanced R&D with six decades of automotive experience By Geography By End Market Passenger South
Slide 5: Indian Automotive Industry Performance – Q1FY21
Indian Automotive Industry Performance – Q1FY21 Q1 FY21 Growth Commentary Auto Industry (78.4)% 7.40 (78.5)% • In Q1FY21 all the segments declined in the Automotive Industry with demand 5.81 in April completely wiped out. • Volumes impacted by: • Loss of sales from March’20 (87.6)% (84.0)% onwards d
Slide 6: Consolidated Performance – Q1 FY2021
Consolidated Performance – Q1 FY2021 Q1 Q4 (Rs. Million) FY21 FY20 FY20 Operating Revenue 1,780 5,841 5,364 Operatig Revenue Growth (69.5)% (66.8)% Other Income 89 71 161 EBITDA (203) 667 390 Margin (%) (11.4)% 11.4% 7.3% Profit Before Tax (PBT) - from Continued (453) 449 239 Operations Profit After
Slide 7: Consolidated Performance – Q1 FY2021
Consolidated Performance – Q1 FY2021 (in Rs. mn) Q1FY21 Performance PAT from Continued Revenue EBITDA Operations 5,841 667 310 (363) (203) 1,780 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Commentary • Overall revenue declined by 69.5% y-o-y, lower than the Industry mainly because of lower de-growth o
Slide 8: Business Verticals Performance (Q1FY2021 vs Q1FY2020)
Business Verticals Performance (Q1FY2021 vs Q1FY2020) (in Rs. Mn) Mechatronics and Aftermarket Information & Connected Systems* - 61.6% 2,929 - 77.5% 2,911 1,126 654 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Revenue 1,126 2,929 Revenue 654 2,911 EBITDA Margin EBITDA Margin (9.8)% 12.5% (14.2)% 10.3% (%) (%) • The
Slide 9: Business Performance – Order Book
Business Performance – Order Book Business Updates – Q1 FY21 Mechatronics : (In Q1 Lifetime order worth approx. Rs. 3,976 mn) • Awarded business by leading 2W OEMs to supply Die-casting parts (Lifetime business value of approx. Rs. 2,044 mn) • Prestigious order received from Passenger Vehicle OEMs
Slide 10: Recalibration and Recreating MCL as system supplier with high content in electronic
Recalibration and Recreating MCL as system supplier with high content in electronic Development of complete modular Intelligent Transport System architecture (hardware and software) for BS VI range of fully built buses. This product has a well incorporated USPs and a complete system solution from Mi
Slide 11: Group Target Roadmap
Roadmap To Enhance Shareholders Wealth Group Target - By having a profitable growth better than Industry Focus Revenue > Market Organic growth enhanced by: Inorganic growth: Growth - Premiumization & Regulation - Adjacent Segment - Increasing content per vehicle - Focus on Technology and/or Focus
Slide 12: Awards and CSR
Awards and CSR Earnings Presentation Page 11 of 34
Slide 13: Awards/Recognition and Corporate Social Responsibility – Q1 FY2021
Awards/Recognition and Corporate Social Responsibility – Q1 FY2021 Spark Minda (Minda Stoneridge) extended technical support Food packages were provided In collaboration with ASSOCHAM, food Cooked food package were distributed to Mahindra and Mahindra Group to engineer affordable and to PWDs in coll
Slide 14: Annexure A (Detailed Financials)
Annexure A (Detailed Financials) Earnings Presentation Page 13 of 34
Slide 15: Consolidated Profit & Loss Accounts of Q1 FY2021
Consolidated Profit & Loss Accounts of Q1 FY2021 Q1 Q4 Q1 % of Revenue % of Revenue % of Revenue (Rs. Million) FY21 from FY20 from FY20 from Operations Operations Operations Revenue from Operations 1,780 100.0% 5,364 100.0% 5,841 100.0% Expenses Raw Materials Cost 1,107 62.2% 3,183 59.3% 3,563 61.0%
Slide 16: Standalone Profit & Loss Accounts of Q1 FY2021
Standalone Profit & Loss Accounts of Q1 FY2021 Q1 Q4 Q1 % of Revenue % of Revenue % of Revenue (Rs. Million) FY21 from FY20 from FY20 from Operations Operations Operations Revenue from Operations 1,691 100.0% 5,124 100.0% 5,628 100.0% Expenses Raw Materials Cost 1,061 62.7% 3,051 59.6% 3,455 61.4% E
Slide 17: Standalone Performance – Q1 FY2021
Standalone Performance – Q1 FY2021 Q1 Q4 (Rs. Million) FY21 FY20 FY20 Operating Revenue 1,691 5,628 5,124 Operatig Revenue Growth (70.0)% (67.0)% Other Income 90 80 142 EBITDA (198) 641 429 Margin (%) (11.7)% 11.4% 8.4% PBT Before Exceptional Item (378) 418 249 Exceptional Item - - (3,666) Profit Be
Slide 18: Standalone Performance – Q1 FY2021
Standalone Performance – Q1 FY2021 (in Rs. mn) Q1FY21 Performance Revenue EBITDA Net Profit 641 5,628 283 (287) (198) 1,691 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Q1FY21 Q1FY20 Commentary • Overall revenue declined by 70.0% y-o-y lower than the Industry mainly because of lower de-growth of 42.2% in Aftermarket
Slide 19: Annexure B
Annexure B Earnings Presentation Page 18 of 34
Slide 20: Covid-19 Impact: Protocol & Measures by the Company
Covid-19 Impact:- Protocol & Measures by the Company Re-opening protocol for People, Plant/Office Measures to reduce the Financial Impact Thermal Screening of Employees at the Entry Gate 1. Plant operation started in all the locations 2. Improvement seen in utilisation level at all the plants, All w
Slide 21: Competitive Strengths
Competitive Strengths WELL DIVERSIFIED customer STRONG RELATIONSHIPS with base and product portfolio major Indian and Global OEMs TECHNOLOGICAL A LEADING PLAYER in several COLLABORATION with global of its product segments in India automotive component manufacturers PROFESSIONALLY MANAGED STRONG IN-H
Slide 22: Spark Minda Group - Focus for Future
Spark Minda Group - Focus for Future Continuously Expanding our reach To provide plug State of art upgrade ourselves to new geographies and play solutions technical center to by benchmarking and customers to to all future develop solutions against the best in provide global vehicles in the for the f
Slide 23: Diversified Product Portfolio
Diversified Product Portfolio v Mechatronics Ignition Switch Cum Smart Key Mechatronics Immobilizers Aluminium Die Compressor Steering System Handles System Casting Housing Alternator Starter Motor Lock Electronic and mechanical security systems Die casting components Starter motors and alternators
Slide 24: Key Customers
Key Customers 2-3 Wheelers Commercial & Off Passenger Vehicles Other Market Highway Vehicles * Listed alphabetically * Major Customers Only Earnings Presentation Page 23 of 34
Slide 25: Product Portfolio – 2 Wheelers
Product Portfolio – 2 Wheelers SENSOR - FLS HANDLE MOUNTING ASSY IGN LOCK SPEEDOMETER WIRING & HARNESS FT CAP CYLINDER HEAD CONTROL CABLES BRAKING SENSOR SSPS SYSTEM PARTS STEP HOLDER PARTS SENSOR SENSOR SPEED OPS & TEMP SENSOR TPS Earnings Presentation Note: Representative Information & Connected S
Slide 26: Current Product Portfolio – Passenger Vehicle
Current Product Portfolio – Passenger Vehicle WIRING NOZZEL SRC BATTERY TRAY HARNESS DEFROSTER LOUVERS SPEEDOMETER GLOVE BOX CUP HOLDER ENGINE SYSTEM DOOR SASH (TURBOCHARGER PARTS) TAIL GATE ENGINE SYSTEM LATCH (ENGINE MOUNTING PARTS) EGT SENSOR AC COMPRESSOR PARTS TEMP SENSOR SHARK FIN ANTENNA PRES
Slide 27: Current Product Portfolio – Commercial Vehicle
Current Product Portfolio – Commercial Vehicle WIRING HARNESS SPEEDOMETER PM / SOOT SENSOR TEMP SENSOR EGT & EGRT SENSOR PRESSURE SENSOR LOCKSET & DOOR HANDLES FUEL LEVEL OIL SUMP SENSOR SPEED SENSOR Earnings Presentation Mechatronics Information & Connected System Plastics & Interiors Page 26 of 34
Slide 28: Current Product Portfolio – Tractors
Current Product Portfolio – Tractors EGRT SENSOR SPEEDOMETER STARTER MOTORS WIRING HARNESS ALTERNATORS PRESSURE SENSOR SPEED SENSOR FUEL LEVEL SENSOR OIL SUMP TEMP SENSOR Earnings Presentation Mechatronics Information & Connected System Plastics & Interiors Page 27 of 34
Slide 29: Emerging Technology Trends
Emerging Technology Trends ADAS, Autonomous & Connected Mobility Shared Mobility Electrification AI , Safety Electronification ( Implementation ) Regulatory ( Push ) SW as a differentiator Vehicle Emission BSVI Earnings Presentation “CASE” is seen as a driver towards the future of mobility
Slide 30: Connected Mobility Solutions
Connected Mobility Solutions EI Labs : telematics company is acquired in Sep 2017 Expertise in Telematics, IOT and Intelligent Transport solutions & Cloud hostedPrognosis Connected Cluster application management & Analytics 2w Connected cluster Proven solutions in Tractors, Passenger vehicles,
Slide 31: Electronification, Vehicle access, ADAS Solutions
Electronification, Vehicle access, ADAS Solutions Key Less Entry Solutions for two wheeler with LF/RF Immobilizers with state of the art AES 256 encryption with UDS over CAN MFECU ISG Smart Navigation Smart phone based ( Bluetooth ) with NFC solutions for vehicle access Door Handle Best cost
Slide 32: Electric Mobility Solutions : Progress
Electric Mobility Solutions : Progress Inline RCD DC DC HV PDU Convertor Motor Controller BMS Motor Battery Charger (off-board & on-board) Charging Inverter Solutions Earnings Presentation Spark Minda would like take an early mover advantage in this space Page 31 of 34
Slide 33: Technology Push Summary
Technology Push Summary Minda Corporation is equipped to provide end-to-end system solutions 1 2 Identify the opp. in EV and Connected Mobility and be the front runner 3 Focus on localization in specific components to bring the value 4 “CASE” is seen as a driver towards the future of the mobility Im
Slide 34: Board of Directors
Board of Directors Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. R. Laxman Executive Director & Group CFO, Finance Mr. Avinash P. Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram Gandhi On the Board of GPR On the Board of Setco On the Board of On the Boar
Slide 35: Thank You
Thank You This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business de