Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Q4 FY2023 Earnings Presentation
32 slides from Uno Minda's earnings presentation, May 18, 2023
Slide 1: Exchange filing cover letter
UJlt•)I MINDA) Uno Minda Limited (Formerly known as Minda Industries Ltd.) '".:>.=tlVING THE NE� Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 18/05/2023 National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor - 25, Bandra Kurla Complex, Bandra (E), Phiroze J
Slide 2: Investor Presentation Q4 FY'23
INVESTOR PRESENTATION Q4 FY’23 May 18, 2023 1
Slide 3: 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 4: Content
CONTENT 1 Industry Highlights 04 2 Operational Highlights 05 3 Financial Highlights 07 4 Business Review 13 5 EV Specific Product Update 18 6 Uno Minda Potential Kit Value 22 7 Annexures 23 8 Overview: Uno Minda Group 26 3
Slide 5: Industry Highlights
INDUSTRY HIGHLIGHTS Passenger Vehicle reached record Easing off Supply Chain Pricing production: Pressure: Production volumes for all vehicles segment grew on Supply chain issues have eased off significantly with YoY basis except 2W. minimal impact on production volume Production Volumes in 2W decli
Slide 6: Key Operational Highlights for the Quarter
KEY OPERATIONAL HIGHLIGHTS FOR THE QUARTER Acquisition of Kosei Joint venture Commissioning of 30K 4W Alloy entities wheel line in Gujarat. Completed acquisition of remaining stake in Minda The company also commissioned 30K expansion line in Kosei Aluminum (MKA), becomes 100% subsidiary. Gujarat exp
Slide 7: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 8: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Revenues increased by 20% Y-o-Y to EBITDA higher by 16% Y-o-Y to Rs 2,889 Cr Rs 319 Cr for the quarter for the quarter EBITDA margin PAT (UML share) increased by 27% on Y-o-Y basis to at 11.1% for the quarter Rs 183 Cr for the quarter 7
Slide 9: Key Financial Highlights for the Year
KEY FINANCIAL HIGHLIGHTS FOR THE YEAR Revenues increased by 35% Y-o-Y to EBIDTA higher by ~40% Y-o-Y to Rs 11,236 Cr Rs 1,242 Cr EBIDTA margin higher by 40 bps on Y-o-Y at PAT (UML share) increased by 84% on Y-o-Y basis to at 11.1% Rs 654 Cr Recommended Final Dividend of Rs 1.0 per share Dividend pa
Slide 10: Consolidated Financial Highlights – Q4 FY23
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q4 FY23 Revenue (Rs. Cr) EBITDA (Rs. Cr) 319 276 20% 16% 108 110 21 2,889 2,415 13 152 190 Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 UML Revenue PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 11.4% 11.1% 27% 183 5.2% 144 5.9% Q4 FY22 Q4 FY23 Q4 FY22 Q4 FY23 UML Consol E
Slide 11: Consolidated Financial Highlights – FY23
CONSOLIDATED FINANCIAL HIGHLIGHTS – FY23 Revenue (Rs. Cr) EBITDA (Rs. Cr) 1,242 35% 885 40% 430 11,236 70 392 8,313 62 743 431 FY22 FY23 FY22 FY23 UML Revenue PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 10.7% 11.1% 84% 654 4.2% 356 5.3% FY22 FY23 FY22 FY23 UML Consol EBITDA PAT^ *PAT UML Shar
Slide 12: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q4 FY22 (%) Others Q4 FY23 (%) Others 13% Seatings Switches 13% 9% 29% Switches Quarter Seatings 31% 9% Castings 19% Castings 17% Acoustics Lighting Acoustics Lighting 23% 7% 8% 22% Others FY23 (%) Others FY22 (%) Seatings Switches 13% 14% 9% 29% Switches 29% Seatings Year
Slide 13: Financial Indicators
FINANCIAL INDICATORS Building Shareholder Value year on year… ROCE Dividend Profile 21.8% 12.1% 13.1% 19.2% 12.0% 11.2% 15.8% 13.1% 8.1% 13.1% 2,697 2,967 3,076 3,986 5,003 286 155 207 356 654 FY19 FY20* FY21 FY22 FY23 FY19 FY20* FY21 FY22 FY23 Capital Employed** ROCE PAT^ Dividend Payout Ratio Grow
Slide 14: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET 13
Slide 15: Business Review: Switches, Lighting, Castings
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Strategic Business Developments 30% 29% 28% 29% 29% • Orders from EV OEM for both 2W and Passenger Car 838 835 • Deliveries of heated grip and CAN based switch started to 800 American 2W OEM 727 730 Switches Q4 FY22 Q1 FY23 Q2 FY23
Slide 16: Business Review: Acoustics, Seating, Others
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Strategic Business Developments 8% 7% 6% 7% 6% • Clarton Horn achieved decent recovery with securing price 192 196 187 increases from its customer 181 172 Acoustic Q4 FY22 Q1 FY23 Q2 FY23 Q3 FY23 Q4 FY23 10% • Highest ever exports f
Slide 17: Revenue Breakups
REVENUE BREAKUPS Aftermarket International 2W 10% 17% 45% Quarter 4W India OEM 55% 83% 90% Aftermarket International 10% 17% 2W 46% Year India OEM 4W 83% 90% 54% 16 Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup
Slide 18: Aftermarket - Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, Shocks & • Revenue of Rs. 281 Cr during the quarter struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 19: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Products under Production and supply Motor Controller Battery Battery Management System (BMS) Smart Plug Management On Board Charger System Off Board Charger RCD Cable On-Board DC-DC Body Control Module Charger Converter
Slide 20: EV Sales, Order and Potential Kit Value
EV Sales, Order and Potential Kit Value Over 8% share in Sales to 2W Electric Vehicles Rs Crores our Domestic 2W OEM revenues Potential Kit Value (in INR) 78.32 66.76 26,000 44.15 22.00 23.46 35,300 FY22 Q1FY23 Q2FY23 Q3FY23 Q4FY23 27,300 26,000 Peak Annual Order Value from EV OEM in Rs Crores Parti
Slide 21: Strategic Business Update
Strategic Business Update • Minda IConnect Merger: The company has filed revised scheme with NCLT to give the benefit of bonus issuance made by Uno Minda Ltd to the shareholder of Minda iConnect. The NCLT has admitted the Company’s application and ordered to obtain the shareholders and Creditors app
Slide 22: Capital Expansion Update
Capital Expansion Update Total Cost (In Expected Product Line Entity Location Capacity Update Crs) SOB Minda Kosei Aluminum Commenced and under 4W Alloy Wheels 74 Ahmedabad 30k Wheels p.m. Q2 FY24 Wheels stabilisation Minda Kosei Aluminum 4W Alloy Wheels 190 Bawal 60k Wheels p.m. Q2 FY25 Project ann
Slide 23: Potential Kit Value - Uno Minda
Potential Kit Value - UNO MINDA Kit Value – 2 Wheelers 13,95214,161 14,26114,901 13,910 12,336 12,003 10,661 9,675 9,585 9,231 8,457 8,243 6,261 7,110 6,978 7,181 7,324 4,517 3,611 Economy Executive Premium Scooter Moped 2020 2021 2022 2023 Kit Value – 4 Wheelers 1,97,416 1,46,416 1,40,788 1,20,788
Slide 24: Annexures
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Slide 25: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Cr) Q4 FY23 Q3 FY23 QoQ% Q4 FY22 YoY% FY23 FY22 YoY% Revenue from Operations (Net of Excise) 2,889 2,915 -1% 2,415 20% 11,236 8,313 35% Raw Material 1,860 1,843 1,547 7,224 5,272 Employee Cost 383 371 332 1,460 1,207 Other Expenses 327 363 260 1,
Slide 26: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET FY23 FY22 FY23 FY22 Particulars Particulars (Unaudited) (Audited) (Unaudited) (Audited) ASSETS EQUITY AND LIABILITIES 1. Non-current assets Equity share capital 115 57 Property, plant and equipment 2,473 2,021 Other equity 4,041 3,381 Right-of-use assets 252 215 Equity att
Slide 27: About Uno Minda
ABOUT UNO MINDA TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE. 26
Slide 28: About Uno Minda
ABOUT UNO MINDA • Uno Minda Limited is one of the leading manufacturers of auto components domestically with leadership across key product segments. With 26+ Product Lines, 1500+ Business Partners and over 29,300 employees, covering 50,000+ touch points, the company has 6 decades of experience in th
Slide 29: Global & Domestic Presence - Uno Minda
GLOBAL & DOMESTIC PRESENCE - UNO MINDA Strategically located plants across all major auto hubs Overseas 6 Plants 6 Sales Offices 6 R&D & Engg Centers North and South America Europe Asia (w/o India) Mexico France Indonesia (Epernon) India (Queretaro) (Karawang) Colombia Spain Taiwan (Manizales) (La C
Slide 30: Global R&D Footprint
GLOBAL R&D Footprint 1022 30 R&D & Engg 55 R&D 104 394 381 Engineers Centers Globally Technology Projects Patent Granted Patent Filed Design Registrations 300 Engineers • Embedded Electronics • Design Studio India (4 Locations) • Pune, Gurugram, Hosur, Chennai Systems GmbH • 75 Engineers • Embedded
Slide 31: Environment, Social and Governance (ESG) Initiatives
Environment, Social and Governance (ESG) Initiatives Environmental Social Corporate Governance More than 90% of plants ISO 14001 & ISO 45001 certified (Environmental & OHS Management System) Vision to enable Employee and Community Well-Being with following organizational goals: • Policies governing
Slide 32: Thank You
THANK YOU. Corporate Office For further information, please contact Uno Minda Ltd Company Investor Relations Advisors (Formerly known as Minda Industries Uno Minda Ltd. Strategic Growth Advisors Pvt. Ltd. Ltd) Village Nawada Fatehpur, P.O. Mr. Ankur Modi Mr. Jigar Kavaiya Sikanderpur Badda, Head Cor