Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Investor Presentation (May 2019)
57 slides from Lumax Auto Technologies's investor presentation, May 2019
Slide 1: Lumax Auto Technologies Limited Investor Presentation – May 2019
Lumax Auto Technologies Limited Investor Presentation – May 2019
Slide 2: 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 3: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 14 Entities in 8 States 29 Manufacturing Facilities 4 R&D Centres (India) Over 9,100 Employees & 1 Design Centre (Taiwan) 3
Slide 4: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY19 Revenue of Rs. 3,370 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Shift Towers, Seat Structures & Mechanisms, LED Lighting, Aftermarket, Electrical &
Slide 5: Purpose, Vision & Values
Purpose, Vision & Values LUMAX # 1K JAIN sna manna OUR GROUP OUR VALUES OUR VISION PURPOSE Resovect Buising vt admired We celiver . high performance ; Integrity pride gnty phal orqarisetion ir and Passion whom all scekebalde = progress ‘ veh Excellence Lee apen ee a positivity * x LUMAX — ral
Slide 6: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV 6
Slide 7: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 7
Slide 8: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 37.5% in Lumax 78.72% in SL Lumax 50% in Lumax Cornaglia Auto Industries Limited L
Slide 9: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence JAPAN ISRAEL SPAIN EXCLUSIVE DISTRIBUTORSHIP JV FOR SALE OF TELEMATICS JV FOR OXYGEN SENSORS AGREEMENT PRODUCTS AND SERVICES Relationship Since 2017 Relationship Since 2017 Relationship Since 2014 50% in Lumax Ituran Telematics Pvt. Ltd. 49% in Lumax FAE
Slide 10: 29 Locations close to Customers
29 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 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 11: 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 12: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 12
Slide 13: Relationships with Diversified Customers
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence 13
Slide 14: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 15: 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 16: 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 17: 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 18: Milestones
Milestones 2019: Inauguration of Chassis facility at Aurangabad Registered office shifted from 2017: Chakan plant received Pune, Maharashtra to New Delhi TPM excellence award from JIPM Formed JV with JOPP, Germany Formed a JV with Ituran Location to manufacture and supply 2018: Setup an R&D center a
Slide 19: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 100% 50% 50% 55% 100% 100% Lumax Mannoh Lumax Lumax Cornaglia Lumax Gill-Austem Lumax DK Auto* Allied Management Lumax Integrated Auto Technologies Auto Technologies Industries Limited Technologies Services Pvt Ventures Limited Pvt Lim
Slide 20: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence USA Italy Japan Korea JV for Seat Frames, JV for Emission Systems JV for Gear Shifters Structures and Mechanism Relationship Since 2007 Relationship Since 2008 Relationship since 2013 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied 50% in Lumax Gil
Slide 21: 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 Frames ✓ Fabricated parts for 3- ✓ Seat Frames wheelers
Slide 22: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 22
Slide 23: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar (HR) Pantnagar (UK) No of Plants: 2 No of Plants: 1 Products Integrated Plastic Lighting Modules Gear Shifters Products Painted Parts Accessories Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH) Mehsana (GJ) No of Plant
Slide 24: Share Holding as of 31st March, 2019
Share Holding as of 31st March, 2019 Shareholding breakup Others 21.10% Institutions Promoters 23.26% 55.64% 24
Slide 25: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 44 years of age & is a Business ▪ He is 76 years of age & holds a MBA ▪ He is 40 years of age & holds Bachelors Graduate from Illinois Institute of degree from Delhi university & h
Slide 26: 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 67 years of ▪ She is 45 years of ▪ He is 60 years of age ▪ He is 73 years of age • He is 80 years old & is a ▪ He is 68 years of age & age & holds B.A.
Slide 27: Professional & Experienced Team
Professional & Experienced Team Mr. Naval Khanna Mr. Sanjay Mehta Mr. Ashish Dubey Mr. Vikas Marwah Corporate Head – Taxation Director & Group CFO Chief Financial Officer Chief Strategy Officer Age: 62 years Age: 52 years Age: 52 years Age: 51 years Experience: 42 years Experience: 28 Years Experien
Slide 28: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Bhagat Mr. Rajesh Dubbewar Head After Market Head Metallic Age: 53 years Age: 52 years Experience: 28 years Experience: 31 years Mr. Vivek Jakhmola Mr. Atul Jain Head Body & Trim and Emission Corporate Head - Materials Age: 44 years Age: 49 years Experience
Slide 29: 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 30: Financial Performance
LUMNAX Financial Performance
Slide 31: Product-wise Revenue Q4 FY19
Product-wise Revenue Q4 FY19 Product-wise Revenue mix Q4 FY18 Product-wise Revenue mix Q4 FY19 (Rs. 332 Crores) (Rs. 333 Crores) Other Misc Intake Other Misc Intake 4% 10% Systems Systems Lighting Electronics Lighting Electronics 3% 4% 23% 13% 29% 9% Chasis & Frames 9% Chasis & Frames 14% Moulded Ge
Slide 32: Product-wise Revenue FY19
Product-wise Revenue FY19 Product-wise Revenue mix FY18 Product-wise Revenue mix FY19 (Rs. 1,111 Crores) (Rs. 1,358 Crores) Other Misc Other Misc Intake Intake Chasis & 8% 6% Systems Chasis & Systems Frames Lighting Lighting 4% Frames 3% 7% 30% 24% 12% Electronics 9% Electronics 13% Gear Moulded Shi
Slide 33: Segmental Revenue Break-Up Q4 FY19: Sales Channel
Segmental Revenue Break-Up Q4 FY19: Sales Channel Sales Channel Q4 FY18 Sales Channel Q4 FY19 (Rs. 332 Crores) (Rs. 333 Crores) 15% 17% 85% 83% OEM After Market OEM After Market Financials including Continued and Discontinued Financials 33
Slide 34: Segmental Revenue Break-Up FY19: Sales Channel
Segmental Revenue Break-Up FY19: Sales Channel Sales Channel FY18 Sales Channel FY19 (Rs. 1,111 Crores) (Rs. 1,358 Crores) 15% 15% 85% 85% OEM After Market OEM After Market Financials including Continued and Discontinued Financials 34
Slide 35: Segmental Revenue Break-Up Q4 FY19: Category
Segmental Revenue Break-Up Q4 FY19: Category Category Q4 FY18 Category Q4 FY19 (Rs. 332 Crores) (Rs. 333 Crores) 4% 4% 15% 17% 53% 53% 28% 26% 2/3 Wheeler Passenger Car After Market Others 2/3 Wheeler Passenger Car After Market Others Financials including Continued and Discontinued Financials 35
Slide 36: Segmental Revenue Break-Up FY19: Category
Segmental Revenue Break-Up FY19: Category Category FY18 Category FY19 (Rs. 1,111 Crores) (Rs. 1,358 Crores) 5% 15% 3% 15% 53% 55% 27% 27% 2/3 Wheeler Passenger Car After Market Others 2/3 Wheeler Passenger Car After Market Others Financials including Continued and Discontinued Financials 36
Slide 37: Client wise- Revenue Q4 FY19
Client wise- Revenue Q4 FY19 Client-wise Revenue mix Q4 FY18 Client-wise Revenue mix Q4 FY19 (Rs. 332 Crores) (Rs. 333 Crores) Toyota 2% Others 7% Others Bajaj Auto Toyota Bajaj Auto 16% 33% 2% Lear 32% MSIL 8% 3% HMSI MSIL 14% 6% HMSI 8% LIL Aftermarket LIL Aftermarket 16% 15% 21% 17% Financials in
Slide 38: Client wise- Revenue FY19
Client wise- Revenue FY19 Client-wise Revenue mix FY18 Client-wise Revenue mix FY19 (Rs. 1,111 Crores) (Rs. 1,358 Crores) Toyota Others Lear Others 3% 12% Bajaj Auto 3%Toyota 12% Bajaj Auto 33% 2% 32% MSIL MSIL 6% 5% HMSI 11% HMSI 13% LIL LIL Aftermarket Aftermarket 18% 20% 15% 15% Financials includ
Slide 39: Revenue & Return Ratios
Revenue & Return Ratios Revenue EBITDA^ 1,358 144.9 1,111 116.2 905 965 837 86.1 70.9 75.2 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* PAT After MI Cash PAT 65.9 94.4 48.7 74.0 52.6 58.1 31.8 34.5 48.4 29.0 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* Consolidated Results incl
Slide 40: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 481 40.2 424 375 332 28.1 306 15.0 11.0 11.5 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* Capex Long Term Debt / Equity 79 0.16 52 0.10 36 31 0.05 13 0.03 0.03 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* Con
Slide 41: Return Ratios
Return Ratios ROE (%) ROCE (%) 22.0 28.0 24.0 13.5 18.0 18.3 18.5 11.2 11.2 10.7 FY15 FY16 FY17* FY18* FY19* FY15 FY16 FY17* FY18* FY19* Dividend (% of Face Value) EPS^ (in Rs.) 150.0 9.7 7.2 100.0 4.7 5.1 70.0 4.2 47.0 47.0 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17* FY18* FY19* ROCE = EBIT / Capital
Slide 42: FY19 Performance Highlights
FY19 Performance Highlights* Revenue EBIDTA^ PAT after MI +22% +25% +35% 1,358 145 66 1,111 116 49 FY18 FY19 FY18 FY19 FY18 FY19 Consolidated Results including Continued and Discontinued Financials Rs. Crores ^EBITDA includes share of profits from Jv’s & Other Income * Financials as per IND AS 42
Slide 43: Quarterly Performance Highlights
Quarterly Performance Highlights* Revenue EBIDTA^ PAT after MI 332 333 34 13 32 12 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Q4FY18 Q4FY19 Consolidated Results including Continued and Discontinued Financials Rs. Crores ^EBITDA includes share of profits from Jv’s & Other Income * Financials as per IND AS 43
Slide 44: Consolidated P&L Statement
Consolidated P&L Statement* Particulars (Rs. in Crores.) Q4 FY19 Q4 FY18 YoY FY19 FY18 YoY Revenue 333.24 331.59 1% 1,358.29 1,111.47 22.2% Raw Material Consumption 226.22 234.98 926.85 778.14 Employee Expenses 31.84 29.49 140.21 111.00 Other Expenses 45.81 38.92 160.30 120.75 Other Income 2.47 6.64
Slide 45: Consolidated Balance Sheet
Consolidated Balance Sheet* ASSETS (Rs. in Crores.) Mar-19 Mar-18 EQUITY & LIABILITIES Mar-19 Mar-18 Non-current assets Property, plant and equipment 287.20 251.51 Equity Capital work-in-progress 22.25 11.98 Equity Share capital 13.63 13.63 Investment Property 18.73 19.31 Non Controlling Interest 42
Slide 46: Awards & Recognitions
LUMNAX Awards & Recognitions
Slide 47: 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. 47
Slide 48: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited awarded for Improvement in Quality Performance by Maruti Suzuki India Limited in May, 2019 48
Slide 49: Awards & Recognition
Awards & Recognition Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax DK Auto Industries Limited, Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019 49
Slide 50: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 50
Slide 51: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 51
Slide 52: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 52
Slide 53: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 53
Slide 54: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 54
Slide 55: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 55
Slide 56: 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 57: For further information, please contact:
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909MH1981PLC025519 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Pratik Shah priyanka.sharma@lumaxmail.com shogun.jain@
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