Slide 1: Exchange filing cover letter for earnings presentation
August 03, 2023 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MIN
Slide 2: Earnings Presentation Q1 FY2024
EARNINGS PRESENTATION Adding Differentiating Value to the Auto Sector Q1 FY2024 w w w. s p a r k m i n d a . c o m
Slide 3: Contents
CONTENTS Company Overview Financial Overview Strategic Pillars of Growth ESG, CSR and Awards
Slide 4: Company Overview
Powered by Passion Company Overview
Slide 5: One of India's Leading Automotive Component Company
One of India’s Leading Automotive Component Company Business Verticals Information & Plastics & Spark Minda Mechatronics Interiors Aftermarket Connected Systems Green Mobility Key Customers Ashok Leyland, Bajaj Auto, CNH, Hero Electric, Hero Moto Corp, Honda Motorcycle and Scooter India, Hyundai, Ma
Slide 6: Financial Overview
Financial Overview
Slide 7: Indian Auto Industry at the Cusp of a Multi-Year Upcycle
Indian Auto Industry at the Cusp of a Multi-Year Upcycle (Production Volumes in Mn) Q1 FY24 Growth (Y-o-Y) • Q1FY24 was a mixed bag from demand perspective, Auto Industry with signs of volume growth moderation in most 1.3% 2.3% segments 7.0% 6.61 6.76 • In the two-wheeler segment, the slowdown in sc
Slide 8: Key Highlights – Q1 FY2024
Key Highlights – Q1 FY2024 Outperforming Consistently Growing better than Industry performance with Revenue Growth of 6.4% YoY industry growth with Marquee businesses in Smart Keys, Wiring Harness, Clusters, EV Die Casting started SOP consistently growing revenue and double- digit EBITDA Margins EBI
Slide 9: Truly Diversified Revenue Model
Truly Diversified Revenue Model By Geography By End Market By Products After Market Passenger Vehicles South East Asia Others 10% 14% 6% 10.0% Europe & North Clusters WH America 15.0% 35.0% 8% 6% 12% 15% 13% 9% 34% 15% 30% DCD Commercial 44% 15.0% 14% 85% Vehicles*, 28% 24% India 2-3 Wheelers 87% 48
Slide 10: Superior Financial Performance – Q1 FY2024
Superior Financial Performance – Q1 FY2024 Rs. In Cr. REVENUE EBITDA PAT YoY YoY YoY 6% 8% -14% 1,075 1,075 1010 117 115 107 56 * 52 45 (2%) (19%) 10.6% 10.9% 10.7% 5.2% 5.2% 4.2% Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 EBITDA EBITDA Margin (%) PAT PAT Margin (%) Note
Slide 11: Consolidated Performance – Q1 FY2024
Consolidated Performance – Q1 FY2024 Particulars (Rs. Crores) Q1FY24 Q1FY23 Y-o-Y (%) Q4FY23 Q-o-Q (%) Operating Revenue 1,075 1,010 6.4% 1,075 - EBITDA 115 107 7.5% 117 (1.9)% Margin (%) 10.7% 10.6% 12 bps 10.9% 21 bps Profit Before Tax (PBT) 63 71 (10.6)% 69 (7.9)% Margin (%) 5.9% 7.0% -110 bps 6.
Slide 12: Business Verticals Performance – Q1 FY2024
Business Verticals Performance – Q1 FY2024 (in Rs. Cr) (in Rs. Cr) Mechatronics, Aftermarket and 535 540 562 513 Information & Connected 492 518 Systems Others 13.9% 13.1% 12.6% 8.6% 7.9% 8.6% Q1 FY23 Q4 FY23 Q1 FY24 Q1 FY23 Q4 FY23 Q1 FY24 Revenue EBITDA Mechatronics and Aftermarket: • Revenue grew
Slide 13: Strategic Pillars of Growth
Strategic Pillars of Growth
Slide 14: Strategic Pillars of Growth
Strategic Pillars of Growth Strategic Pillars of Growth Focus on Innovation and Electric Vehicle Strengthening Passenger Enhancing the Core Technology Growth Opportunity Vehicle Offerings Safety Security System | Wiring In House R&D | JV’s EV Agnostic Products| Increase Control Systems | Sensors | H
Slide 15: Engineering Capabilities
Engineering Capabilities Spark Minda Technical Engineering Capabilities 460+ Engineering Centre, Pune Electronics Hardware Headcount 255 Total IPs / Embedded Software Patents Filed E&E, WH Connection Systems & digitization 2% R&D Spend 50+ Engineers | WH Design | E&E 100+ Engineers | Digital Cluster
Slide 16: Minda Corp is well Poised to Capture the EV Trend
Minda Corp is well Poised to Capture the EV Trend Most of our Products are Electric Vehicle Agnostic Potential EV Kit Value In INR 8,000-10,000 16,000-20,000 2,000-2,500 2,000-3,000 4,000-4,500 Legacy Content in ICE Increase in content in Increase in content in New Product launched Potential EV Kit
Slide 17: ESG, CSR and Awards
ESG, CSR and Awards
Slide 18: ESG Sustainability Framework
ESG Sustainability Framework Driving Long-term Value Creation Through the Integration of Sustainability www.sparkminda.com 17
Slide 19: Corporate Social Responsibility – Q1 FY2024
Corporate Social Responsibility – Q1 FY2024 Shakti in Prisons Empowering and fun activities took place in Strengthening Menstrual Hygiene our Aakarshan Skill Development Centres of 15 Trainees enrolled Minda Mitra Management in prisons of Dehradun and Uttrakhand, Uttar Pradesh, Maharashtra, Haridwa
Slide 20: Awards & Achievement – Q1 FY2024
Awards & Achievement – Q1 FY2024 Business Vertical – 1 Business Vertical – 2 (Mechatronics, Business Vertical – 5 (Information & Aftermarkets & others (EME & SMGM) won 3 Connected System Awards during Q1FY24 division) won 15 awards division) won 13 Awards during Q1FY24 during Q1FY24 ▪ QCFI - 7 Award
Slide 21: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business d