Slide 1: Exchange filing cover letter for investor presentation
SL/BSE/NSE/2023-24/ 24/ January 30, 2024 The Manager, Dy. General Manager, Listing Department, Department of Corporate Services, National Stock Exchange of India Ltd., BSE LIMITED, ‘Exchange Plaza’ C-11 , Block G, First Floor, P.J. Towers, Bandra-Kurla Kurla Complex, Bandra (E), Dalal Street, Fort,
Slide 2: Financial Results Quarter 3, FY 2023-24 Investor Presentation
Financial Results Quarter 3, FY 2023-24 Investor Cooling the Planet Presentation
Slide 3: Safe Harbour
SAFE HARBOUR This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl
Slide 4: About Subros
About Subros
Slide 5: Company Profile
Company Profile Established in 1985, Subros is the Largest Air Conditioning & Thermal Products company in India. A Joint Venture company between Suri’s (Indian Promoters)-36.79%, Equity Distribution Denso-20%, Suzuki-11.96%, Public- 31.25% Integrated Thermal Products Noida Plant Pressure Die Casting
Slide 6: Our Board
Our Board Ms. Shradha Suri Dr. Jyotsna Suri Mr. P. K. Duggal Mr. H. Takeuchi Mr Naohisa Kuriyama Mr. Tomoaki Yoshimori Mr. Yasuhiro Iida Chairperson & Managing Director Whole Time Director and Representative of Suzuki Representative of Representative of Alternate Director Director Chief Executive Of
Slide 7: Leadership Team
Leadership Team Ms. Shradha Suri Mr P K Duggal Mr T Murayama Mr. Y P Negi Chairperson & Chief Executive Officer Advisor Chief Operating Officer Managing Director (Technical & SCM) Mr. A Parashar Mr. D Srini Hemant Agarwal Chief Operating Officer EVP CFO & VP Finance (Operations, STEC & Service) Tech
Slide 8: Customer Map
Customer Map Passenger Car Segment (AC+ECM) Refrigeration Trucks Commercial Vehicle Segment (Bus, Truck, Tractor) Railways (Driver Cabin + Coach) Residential and Commercial Tooling
Slide 9: Our Difference
Our Difference Backward integrated to enable Strong manufacturing & built-in quality process technology infrastructure India’s leading automotive AC company Proven capabilities In full-system design, validation, manufacturing & supplies Highly reliable & energy- efficient products Pan-India presence
Slide 10: Financial Results & Highlights
Financial Results & Highlights Results Analysis - 9M FY 2023-24 v/s 9M FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q3 FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q2 FY 2023-24 Way Forward
Slide 11: Business Highlights (Q3 2023-24)
Business Highlights (Q3 2023-24) Q3 23-24 vs Q3 22-23 Q3 2023-24 Highlights PVRevenue Segment Thermal growth business growth is 12% Highest Revenue ever Revenue from reported Operation for Rs. reported for is 19% 748 Cr. in quarter 4 Rs. 732.48 Cr. in quarter 3 SOP of Fronx started from Karsanpura p
Slide 12: Highlights – Financial Performance
Highlights – Financial Performance 9M 2023-24 v/s 9M 2022-23 Indicator Amount Growth (Rs. in Cr.) Revenues 2239.06 9% EBIDTA 188.02 43% PBT 95.40 115% PAT 66.98 128% Q3 2023-24 v/s Q3 2022-23 Q3 2023-24 v/s Q2 2023-24 Indicator Amount Growth Indicator Amount Growth (Rs. in Cr.) (Rs. in Cr.) Revenues
Slide 13: Standalone Results For Quarter Ending and Nine Months Ending 31.12.2023
Standalone Results For Quarter Ending and Nine Months Ending 31.12.2023 Amt in Lacs Quarter Ended Nine Months Ended Year Ended PARTICULARS 31.12.2023 30.09.2023 31.12.2022 31.12.2023 31.12.2022 31.03.2023 Net Sales 73,014 81,112 65,315 2,23,260 2,05,327 2,79,980 Other Operating Income 235 226 145 64
Slide 14: Results Analysis - 9M FY 2023-24 v/s 9M FY 2022-23
Financial Results & Highlights Results Analysis - 9M FY 2023-24 v/s 9M FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q3 FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q2 FY 2023-24 Way Forward
Slide 15: 9M FY 2023-24 v/s 9M FY 2022-23
9M FY 2023-24 v/s 9M FY 2022-23 Amt. in Lacs Revenue PBT 250000 205817 223906 Recorded revenue 12000 PBT stands at growth of 9% in 9M 9540 200000 10000 4.27% agst. 2.16% 150000 FY 2023-24 8000 6000 4432 100000 4000 50000 2000 0 0 9M FY 2022-23 9M FY 2023-24 9M FY 2022-23 9M FY 2023-24 EBIDTA PAT 200
Slide 16: Key Indicators 9M FY 2023-24 v/s 9M FY 2022-23
Key Indicators 9M FY 2023-24 v/s 9M FY 2022-23 Rs. in Cr. Indicators 9M FY 2022-23 9M FY 2023-24 Change Status Key Aspects: Net Sales 2053.27 2232.60 179.33 n • Sales is higher by 8.73% due to Other Income 14.88 10.95 -3.93 n increase in volume and Start of Production (SOP) of new models. Material C
Slide 17: Results Analysis - Q3 FY 2022-23
Financial Results & Highlights Results Analysis - 9M FY 2023-24 v/s 9M FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q3 FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q2 FY 2023-24 Way Forward
Slide 18: Q3 FY 2023-24 v/s Q3 FY 2022-23
Q3 FY 2023-24 v/s Q3 FY 2022-23 Amt. in Lacs Revenue PBT Recorded revenue PBT realization at 90000 73248 growth of 12% with 4000 3396 4.65% as against 75000 65460 corresponding Qtr 1.87% 60000 3000 45000 2000 30000 1222 1000 15000 0 0 Q3 FY 2022-23 Q3 FY 2023-24 Q3 FY 2022-23 Q3 FY 2023-24 EBIDTA PA
Slide 19: Key Indicators Q3 FY 2023-24 v/s Q3 FY 2022-23
Key Indicators Q3 FY 2023-24 v/s Q3 FY 2022-23 Rs. in Cr. Indicators Q3 FY 2022-23 Q3 FY 2023-24 Change Status Key Aspects: Net Sales 653.15 730.14 76.99 n • Sales is higher by 11.79% due to increase in volume and Start of Production (SOP) of Other Income 8.40 6.59 -1.81 n new business award. Materi
Slide 20: Results Analysis - Q2 FY 2023-24
Financial Results & Highlights Results Analysis - 9M FY 2023-24 v/s 9M FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q3 FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q2 FY 2023-24 Way Forward
Slide 21: Q3 FY 2023-24 v/s Q2 FY 2023-24
Q3 FY 2023-24 v/s Q2 FY 2023-24 Amt. in Lacs Revenue PBT 90000 81337 Recorded revenue 5000 PBT realization at 73248 4166 75000 de-growth of -10% 4.65% as against 4000 3396 60000 with previous Qtr 5.14% 3000 45000 30000 2000 15000 1000 0 0 Q2 FY 2023-24 Q3 FY 2023-24 Q2 FY 2023-24 Q3 FY 2023-24 EBIDT
Slide 22: Key Indicators Q3 FY 2023-24 v/s Q2 FY 2023-24
Key Indicators Q3 FY 2023-24 v/s Q2 FY 2023-24 Rs. in Cr. Indicators Q2 FY 2023-24 Q3 FY 2023-24 Change Status Key Aspects: Net Sales 811.12 730.14 -80.98 n • Sales realization is as per Other Income 2.84 6.59 3.75 n customer plan. Material Cost 74.54% 73.47% -1.07 n • MSR is better due to Employee
Slide 23: Way Forward
Financial Results & Highlights Results Analysis - 9M FY 2023-24 v/s 9M FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q3 FY 2022-23 Results Analysis - Q3 FY 2023-24 v/s Q2 FY 2023-24 Way Forward
Slide 24: Way Forward
WAY FORWARD Growth in Line with the performance of Indian Automobile Industry Market and Revenue Business Expansion in Bus, Railways, Truck AC, Home AC and Refrigeration Trucks Potential Preparation to meet all regulatory changes including BSVI, RDE, CAFÉ and EV Mitigating Impact of Foreign Exchange
Slide 25: Thank You
Thank You Cooling the Planet www.subros.com