Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — Q3 FY2022-23 Earnings Presentation
33 slides from Samvardhana Motherson International's earnings presentation, Feb 8, 2023
Slide 1: Exchange filing cover letter: Q3 FY23 results
Samvardhana Motherson International Limited (formerly Motherson Sumi Systems Limited) Head Office: C-14 A & B, Sector 1, Noida – 201301 Distt. Gautam Budh Nagar, U.P. India Tel: +91-120-6752100, 6752278, Fax: +91-120-2521866, 2521966, Website: www.motherson.com February 8, 2023 National Stock Exchan
Slide 2: Q3 FY 2022-23 Results Presentation
Proud to be part of. Samvardhana Motherson International Limited (Formerly Motherson Sumi Systems Ltd.) Q3 FY 2022-23 Results Presentation
Slide 3: Key Highlights
Key Highlights
Slide 4: Growth trajectory continued in Q3, adapting to new business environment
Growth trajectory continued in Q3, Adapting to new business environment Financial Highlights. • Best ever revenues in a quarter for third time in a row; Consolidated Amount QoQ YoY crossed Rs 20,000 crore in a quarter for the very first time (Rs in crores) • Growth in absolute EBITDA on account of p
Slide 5: Global production volumes remained stable, despite regional volatility
Global production volumes remained stable, Despite regional volatility. 44
Slide 6: Strong recovery in Europe, partially offset by covid in China
Strong recovery in Europe, partially offset by covid in China… Data represents automotive production volumes Europe. North America. Light Vehicles Commercial Vehicles 18% Light Vehicles Commercial Vehicles 15% Global. 8% 3% Light Vehicles Commercial Vehicles 4% 0% -3% 5% -6% China. India. 2% 0% Ligh
Slide 7: Adapting to new business environment due to continued volatility
Adapting to new business environment due to continued volatility and uncertainties. 66
Slide 8: Energy prices softened in Europe; commodity volatility and inflationary headwinds remain
While energy prices softened in Europe; volatility in commodities and inflationary headwinds remain Energy prices Commodity Prices Germany in Euro /MWh2 368.1 400.0 USD / Metric Tonne Europe in USD/MMBTU1 350.0 300.0 105.0 Softened 9,700 9,372 9,699 9,997 9,513 250.0 though still at 7,745 8,001 Copp
Slide 9: Strong performance enabled by diversified operations (3CX10)
Strong performance enabled by diversified operations (3CX10) and continued efficiency measures. 88
Slide 10: Highest ever quarterly revenues with consistent growth in absolute EBITDA
Highest ever With consistent growth in quarterly revenues… absolute EBITDA Revenue1,2,6 Growth EBITDA1,2 Growth (Rs in Crores) 25% YoY / 11% QoQ (Rs in Crores) 44% YoY / 13% QoQ 3rd time in a row 7.9% 8.3% 1,800 20,226 7.2% 7.1% 1,684 5 8.0% 1,700 6.5% 7.0% 1,600 18,261 1,494 17,615 1,500 6.0% 17,18
Slide 11: Debt and leverage; capex spend remains prudent
Debt and Leverage Capex spend under control.. remains prudent….. Net Debt1,2 Capex3 (Rs in Crores) (Rs in Crores) 14,000 2.1 2,000 80% 1.9 1.9 2.0 1,800 67% 70% 1.8 2.0 12,000 1,600 54% 60% 1.5 1,400 10,000 1,292 46% 1,426 1.5 1,520 1,503 1,200 50% 8,000 1,270 1,369 37% 1,000 40% 31% 32% 6,000 1.0 8
Slide 12: Business & Financial Highlights
Business & Financial Highlights.
Slide 13: SAMIL Consolidated
SAMIL (Rs in Crores) Consolidated. Revenues1,5. EBITDA1,2,4. 8.3% Growth 20,226 Growth 2,000 7.9% 10.0% 25% YoY / 11% QoQ 44% YoY / 13% QoQ 9.0% 18,261 1,494 8.0% 3 7.2% 46 7.0% 16,118 6.0% 1,000 5.0% 1,448 1,684 4.0% 1,166 3.0% 2.0% 1.0% - 0.0% Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY22 Q3 FY23 Adjust
Slide 14: SAMIL Standalone
SAMIL Standalone. (Rs in Crores) Revenues1,2. EBITDA1. Growth Growth 36% YoY / (1%) QoQ 91% YoY / 16% QoQ 3 1,811 1,800 14.9% 12.8% 1,321 330 10.6% 268 16.0% 232 280 14.0% 230 12.0% 140 10.0% 180 8.0% 130 6.0% 80 4.0% 30 2.0% (20) 0.0% Q3 FY22 Q2 FY23 Q3 FY23 Q3 FY22 Q2 FY22 Q3 FY23 PBT1. PAT1. 500
Slide 15: Business Divisions
Business Divisions 01. 02. 03. 04. Wiring Vision Modules & Emerging Businesses harness Systems Polymer Products (Others) Elastomers Lighting & Precision Metals Technology & Aerospace Logistics Health & Services Electronics & Modules Industrial Solutions Solutions Medical Non-Auto 14 14
Slide 16: Wiring Harness
Wiring Harness.
Slide 17: Wiring Harness
Wiring Harness. Revenues1,2 Growth Commentary. (Rs in Crores) 24% YoY / 2% QoQ 6,394 6,517 5,256 QoQ revenue trends • Strong CV volumes in North America and Europe; partly offset by lower volume in China due to surge of Covid • Demand for PV remains healthy in India, while OEMs production declined Q
Slide 18: Modules and Polymer Products
Modules and Polymer products.
Slide 19: Modules and Polymer Products
Modules and Polymer Products. Revenues1,2 Growth Commentary. (Rs in Crores) 18% YoY / 12% QoQ 10,945 9,744 9,260 Strong QoQ revenue growth driven by volume recovery in Europe; partly off-set by muted growth in other regions Improved margins- Softening of energy price; partly Q3 FY22 Q2 FY23 Q3 FY23
Slide 20: Vision Systems
Vision Systems.
Slide 21: Vision Systems
Vision Systems. (Rs in Crores) Revenues1,2 Growth Commentary. (Rs in Crores) 29% YoY / 15% QoQ 4,543 3,936 3,528 Q-o-Q revenue growth is driven by PV volume growth in Europe & Korea; whilst China remained muted Growth is also supported by favorable product mix; Q3 FY22 Q2 FY23 Q3 FY23 Improvements i
Slide 22: Emerging Businesses
Emerging Businesses.
Slide 23: Emerging Businesses: exponential growth potential with large addressable market
Emerging Businesses Exponential growth potential with large addressable market. Revenue by Segment Q3 FY23 Elastomers, 10.2% Lighting & Electronics, 42.1% 04 Elastomers 05 Lighting & 06 Precision 07 Technology & Precision Electronics Metals & Modules Industrial Solutions Metals and 1,626 Modules, 25
Slide 24: Emerging Businesses
Emerging Businesses. Commentary. Revenues1,2,3 Growth (Rs in Crores) (-7% QoQ) 1,753 1,626 Lighting and Electronics Resilient performance • EV program order wins for-lighting solutions from leading Revenue Indian automotive OEMs declined by 7% • Continued focus on sustainability, recognition from Mi
Slide 25: Summary of divisional financial performance
Summary of divisional financial performance. Financials Q3 FY23 Amount in INR crores Business Division Revenue* EBITDA EBITDA% Wiring Harness 6,517 5593 8.6%3 Modules & Polymer Products 10,945 720 6.6% Vision Systems 4,543 453 10.0% Emerging Businesses (Others)1 1,626 186 11.4% Less: Eliminations/In
Slide 26: Debt Status
Debt Status. (Rs in Crores) Net Debt. A. Net Debt. (Consolidated) Rs. In Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec- 22 8,546 Crores 8,739 8,442 7,768 8,269 7,627 Gross 10,445 11,060 13,457 12,761 12,356 12,671 12,968 Debt 6,158 Cash & 4,287 3,433 4,718 4,993 4,087 4,126 4,526 Bank Net 6,158 7,62
Slide 27: Reference Rates and Notes
Reference Rates and Notes. Copper Rates. Notes. Average Q3 FY22 Q2 FY23 Q3 FY23 1. This presentation has been prepared from the unaudited financial results for the quarter ended on 31st December 2022. Explanatory notes have been added with LME Copper (USD / MT ) 9,698 7,742 8,006 additional informat
Slide 28: Thank you / Safe harbor
Thank you. Safe harbor The contents of this presentation are for informational purposes only and for the reader’s personal non-commercial use. The contents are intended, but not guaranteed, to be correct, complete, or absolutely accurate. This presentation also contains forward-looking statements ba
Slide 29: Annexure
motherson P| | Annexure.
Slide 30: SAMIL Consolidated 9MFY22 vs 9MFY23
SAMIL Consolidated 9MFY22 vs 9MFY23. (Rs in Crores) Revenues1,5. EBITDA1,2,3. Growth 7.6% 56,102 Growth 7.6% 21% YoY 46,351 23% YoY 4,328 46 4,500 10.0% 9.0% 3,500 8.0% 7.0% 2,500 6.0% 1,500 3,521 4,282 5.0% 4.0% 3.0% 500 2.0% 1.0% 9M FY22 9M FY23 (500) 9M FY22 9M FY23 0.0% Adjustment PBT1,2. PAT1,4
Slide 31: SAMIL Standalone 9MFY22 vs 9MFY23
SAMIL Standalone 9MFY22 vs 9MFY23. (Rs in Crores) Revenues1,2. EBITDA1. Growth Growth 3 41% YoY 59 % YoY 12.8% 5,229 11.3% 800 700 669 14.0% 3,714 600 12.0% 10.0% 500 400 420 8.0% 6.0% 300 4.0% 200 100 2.0% - 0.0% 9M FY22 9M FY23 9M FY22 9M FY23 PBT1. PAT1. (before exceptional 1,000 items) Growth 70
Slide 32: Historical Summary of Quarterly divisional performance
Historical Summary of Quarterly divisional performance. Revenues* (Rs in Crores) EBITDA (Rs in Crores) Business Divisions Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 FY22 FY22 FY22 FY22 FY23 FY23 FY23 FY22 FY22 FY22 FY22 FY22 FY22 FY23 Wiring 5,468 5,259 5,256 5,957 6,096 6,394 6,517 478 508 371 556 4
Slide 33: Thank you
motherson Thank you. Proud to be part of samvardhana motherson ail
Samvardhana Motherson International — Q3 FY2022-23 Earnings Presentation on 6ix