Endurance Technologies Ltd. · NSE:ENDURANCE
Endurance Technologies — Investor Presentation (February 2023)
32 slides from Endurance Technologies's investor presentation, February 2023
Slide 1: Endurance Technologies Limited
Endurance Technologies Limited Feb-2023 Strictly Private & Confidential
Slide 2: Cautionary Statement
Cautionary Statement The presentation may contain, without limitation, certain statements that could be considered forward-looking. Such forward-looking statements do not guarantee future performance; and may involve risks and uncertainties that could cause actual performance or results to be materi
Slide 3: Company Snapshot
Company Snapshot Experience in the two-wheeler, three-wheeler and four-wheeler Automotive Components Industry 1. 1985 - Commenced high-pressure die-casting operations in Aurangabad (1) 2. Largest Aluminium die-casting company in India(2) 3. Leading 2W and 3W auto component supplier in India. Multi
Slide 4: Revenues Profile across Vehicle Type, Product Type and Entity
Revenues Profile across Vehicle Type, Product Type and Entity (1) FY 2022 Revenue by Vehicle Type Revenue by Entity 4 Wheelers 2 Wheelers 29.8% 60.6% Europe, 24.6% India, 75.4% 3 Wheelers & Others, 9.6% Note: 1. Based on consolidated financials. 4
Slide 5: Corporate Structure
Corporate Structure Promoter Group - 75% Aluminium Castings, Suspension, Endurance Technologies Ltd. (ETL) Transmission and Braking Systems Public- 25% Overseas Subsidiaries Indian Subsidiary Maxwell Energy Systems Private Endurance Overseas Srl Endurance GmbH Limited (MESPL) (Turin, Italy) 95% (Mas
Slide 6: India: Tier 1 Supplier of Diverse Product Offerings to OEMs
India: Tier 1 Supplier of Diverse Product Offerings to OEMs Endurance supplies a diverse range of technology-intensive products to 2W / 3W / 4W OEMs Two Wheelers Three Wheelers Shock Front Forks Cylinder Block Absorbers Drum Brake Cylinder Head Clutch Hydraulic Shock Assembly Absorbers Master Cylind
Slide 7: Europe: Diverse Product Offerings to OEMs
Europe: Diverse Product Offerings to OEMs Endurance is a Tier 1 Supplier for multiple technology intensive products to 4W OEMs Suspension and Body Parts Steel Wheel Hubs Head Axles Cross member Steering housing Engines Parts Cam Carrier Specialty Transmission Parts Plastic Cover EV Parts Transmissio
Slide 8: Strategically Located Facilities with Close Proximity to OEMs
Strategically Located Facilities with Close Proximity to OEMs 31 plants in multiple Locations across India , Europe and Africa Pantnagar Germany Sanand Italy Tunisia Halol Aurangabad and Pune Africa Locations No. Of Plants No. Of Chennai Hammas Sousse, Tunisia 1 India Locations Plants Full Time Empl
Slide 9: End-to-end Solution Provider to Customers
End-to-end Solution Provider to Customers • Provide end-to-end services from conception • Focus on developing to end-user delivery innovative, lean and cost competitive designs to • Aftermarket sale for a wide maintain a technological range of technology edge across product range intensive auto comp
Slide 10: Consistent Outperformance over Industry Growth
Consistent Outperformance over Industry Growth Endurance has consistently outperformed growth in the broader industry by successfully expanding its customer base, focus on R&D, ability to manage costs and reducing new product development time. While Industry has shown reasonable growth… …Endurance h
Slide 11: Profitable Growth, Strong ROCE, and Deleveraged Balance Sheet
Profitable Growth, Strong ROCE, and Deleveraged Balance Sheet (1) Total Revenue EBITDA and EBITDA Margin (INR mn / %) PAT and PAT Margin(2) (Before Minority (INR mn) Interest) – (INR mn / %) Track record of 5.1% 5.7% 5.9% 6.1% 6.6% 8.1% 7.9% 6.1% ahead of industry 12.9% 13.5% 14.0% 14.9%15.3% 16.9%1
Slide 12: Key Investment Highlights
Key Investment Highlights 1 Leading 2W and 3W Auto Component Manufacturer in India 2 Multi-solution Provider of a Diverse Product Portfolio to a wide variety of OEMs Focus on R&D with Emphasis on Lean Design and Continuous Improvement in Product 3 Performance, Cost & Reliability and Quality. T
Slide 13: Leading 2W and 3W Auto Component Manufacturer in India
Leading 2W and 3W Auto Component Manufacturer in India Largest 2W and 3W auto component manufacturer in India(1) Largest Aluminium die-casting company in India(2) Top 2 in each product segment offered Tier 1 supplier to OEMs 19 Manufacturing plants in India Note 1: In terms of aggregate revenue for
Slide 14: Strong In-house R&D supported by technology inputs from overseas
Strong In-house R&D supported by technology inputs from overseas Technology Tie – Ups Technology tie-up since 2008 for development and manufacturing of suspension components. Leading European Suspension company Current agreement was executed in 2015; it is valid for a period of 10 years and is
Slide 15: Endurance Proving Ground (EPG) at Aurangabad
Endurance Proving Ground (EPG) at Aurangabad • EPG enables us to test our products on vehicle and further strengthens our position as a Complete Solution Provider. • EPG is meant for Handling & Manoeuvrability, Ride Comfort, Driveability, Brake/ABS performance and Reliability evaluation. • Consists
Slide 16: Growing and Profitable European Business
Growing and Profitable European Business Growth in Europe Incorporated Endurance Acquisition of Acquisition of Merger of Endurance Acquisition of Acquisition of Acquisition of Acquisition of Overseas Italy, a SPV to 15% stake in Fondalmec with Endurance 99% stake in 100% stake in 100
Slide 17: Expansion of Presence in Aftermarket Sales
Expansion of Presence in Aftermarket Sales Aftermarket Sales (Net Revenue from Operations INR mn) 5.5% Key Highlights 4.7% 3.6% 4.3% 2001 3.7% 4,210 Established Aftermarket Higher Margin 3.8% Business • B2C Business Model 2,977 3,116 2,707 2,122 2,384 31 Branding 1. Program for increasing retailer
Slide 18: Strategy for Profitable Growth
Strategy for Profitable Growth Focus on critical markets such as two-wheelers, three- wheelers and passenger cars in India. Supplies for passenger cars in Europe and foray into 2W components. Growth for India and Europe by pursuing Organic and Inorganic Expansion Continually improve R&D capabiliti
Slide 19: Focus On Sustaining A Strong And Diverse Culture With Empowered Leaders
Focus On Sustaining A Strong And Diverse Culture With Empowered Leaders 19
Slide 20: Our Core Values
Our Core Values ©@ ENDURANCE ENDURANCE VALUES Delivering a larger impact Achieving ETL’s goals by living the values Internal cohesion Integrity & Honesty, accountability, work ethic, clarity, Trans, ncy communication, openness, trust Transformation Value creation, and continuous improvement ion tain
Slide 21: Building A Safety First Culture
Building A Safety First Culture A B C DAILY SAFETY CHAMPIONS, VSL, & CONTRACTOR SAFETY MANAGEMENT OF CHANGE CONSEQUENCE MANAGEMENT MANAGEMENT • At Endurance, we prioritize human • Daily safety champions • Driving contractor safety life and environment in our nominated across all locations management
Slide 22: Driving Sustainability
Driving Sustainability A B C DRIVING CARBON OPTIMISING ENERGY RECYCLING WATER & DRIVING NEUTRALITY CONSUMPTION ACTIONS TO SAVE WATER • Endurance consistently strives • Based on the emission factor of • Sensor based overhead tanks, towards achieving carbon different sources of energy, we water guns i
Slide 23: Driving Sustainability
Driving Sustainability D E F REDUCING HAZARDOUS CO-PROCESSING DRIVING ZERO WASTE WASTE GENERATION HAZARDOUS WASTE TO LANDFILL • Sustainability is a key corporate • Hazardous waste generated • In our endeavor to achieve zero objective for Endurance and from our manufacturing facilities waste to landf
Slide 24: Delivering Lasting Impact With Every Community We Transform
Delivering Lasting Impact With Every Community We Transform, Every Individual We Empower And Every Child We Inspire A B C D EDUCATION HEALTHCARE & SANITATION ENVIRONMENT LIVELIHOODS Renovated 34 schools with Organized health camps for Deepened 40kms of natural Trained 1500+ individuals at libraries,
Slide 25: Awards and accreditations
Awards and accreditations The Company has been recognised by customers and industry forums with many awards and recognitions. Some of the key awards are: 1. Recognized amongst India’s “Best Managed Companies-2022” by Deloitte. 2. Awarded as ‘Most Innovative, Disruptive and Transformational company’
Slide 26: Certain Updates on Customer Orders: 8th February 2023
Certain Updates on Customer Orders: 8th February 2023 INDIA: • Rs. 8.77 bn of new non-Bajaj orders won in India till date in FY23 from HMSI, HMCL, Ather, Hero Electric and TML. • Rs. 27.4 bn of orders won in India in last 4 years- of which Rs.19.6 bn are new business wins and rest are replacement or
Slide 27: Certain Other Updates- India: 8th February 2023
Certain Other Updates- India : 8th February 2023 • Disc brake assembly capacity increased from year 2020 level of 285000 numbers p.m. to 570000 numbers p.m. through project executed in Pantnagar and larger project in the form of second brakes plant in Aurangabad commissioned in December 2021. • Simi
Slide 28: Certain Other Updates- Europe: 8th February 2023
Certain Other Updates- Europe : 8th February 2023 • Registration of new passenger cars in EU+UK for Q3 FY23 up by 14.9% YoY and down 1.9% YoY for YTD Dec-22. • Germany production numbers up 19.3% for Q3 FY23, indicating inventory buildup for upcoming demand. • Registration of new passenger cars in E
Slide 29: Update: Maxwell Acquisition: 8th February 2023
Update : Maxwell Acquisition: 8th February 2023 • Maxwell is an advanced embedded electronics company with battery management system (BMS) as its flagship product. • Deep technical expertise and experience of deploying 65000 units of BMS over 5-6 years. • Such skills to be complemented by Endurance’
Slide 30: Update: Frenotecnica Acquisition: November 2022
Update : Frenotecnica Acquisition: November 2022 • Endurance Overseas acquired 100% stake in Frenotecnica Srl, for a consideration of Euro 5 mn. • Frenotecnica is based in Rovereto, Italy • It is engaged in the business of designing and manufacturing of friction materials and components for braking
Slide 31: Update: New Fren Srl Acquisition: November 2022
Update : New Fren Srl Acquisition: November 2022 • Endurance Overseas srl, Italy has acquired 100% stake in New Fren Srl, for a consideration of Euro 1.15 mn. • New Fren is based in Cirie (Turin), Italy and its subsidiary GDS Sarl, situated at Hammas Sousse, Tunisia. • It is engaged in the business
Slide 32: Thank You
Thank You 32
Endurance Technologies — Investor Presentation (February 2023) on 6ix