Cie Automotive India Ltd · NSE:CIEINDIA
Cie Automotive India — Q3 CY2023 Earnings Presentation
33 slides from Cie Automotive India's earnings presentation, Oct 17, 2023
Slide 1: Exchange intimation letter for Investor Presentation
SEC/2023/205 17th October, 2023 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Corporate Relationship Department, P. J. Towers, Exchange Plaza, 5th Floor, Dalal Street, Fort, Plot No. C/1, G Block, Mumbai - 400 001. Bandra Kurla Complex, Bandra (E), Mumbai –
Slide 2: Q3 & 9M CY2023 Results Investor Update
Q3 & 9M CY2023 RESULTS INVESTOR UPDATE October 2023
Slide 3: Index
INDEX 2 1. OVERVIEW 2.1 Q3 CY2023 RESULTS 2.2 9M CY2023 RESULTS 3. MARKET UPDATE 4. SEBI RESULTS
Slide 4: 1. Overview
~ ee CIE India 1. OVERVIEW
Slide 5: Disclaimer
4 Disclaimer CIE Automotive India Limited, herein referred to as ‘CIE India’ provides a wide array of presentations and reports, with the contributions of various professionals. These presentations and reports are for informational purposes and private circulation only and do not constitute a prospe
Slide 6: CIE India Overview
CIE INDIA OVERVIEW 5 LEGAL STRUCTURE AS ON 17TH OCTOBER 2023 CIE through it’s subsidiaries 65.71% 100% 100% 99.99% 100% 100% BF Bill Forge CIE CIE Galfor Precision de Mexico Aluminium CIE Hosur S.A. Private S de RL de Casting India Limited Limited CV Limited 100% 100% 99.96% 100% CIE UAB ClE LT CIE
Slide 7: 2.1 Q3 CY2023 Results
C CIE India 2.1Q3 CY2023 RESULTS
Slide 8: India Results
INDIA RESULTS 7 Q3 CY2023 RESULTS FINANCIAL UPDATE MARKET UPDATE JUL-SEP 2023 v/s JUL-SEP 2023 v/s ₹ million JUL-SEP 2023 JUL-SEP 2022 APR-JUN 2023 JUL-SEP 2022 APR-JUN 2023 Sales 14,393 +1% 14,294 13,442 <6T 4.8% 11.0% EBITDA 2,405 +12% 2,148 2,256 MHCV 20.5% 4.7% % EBITDA / Sales 16.7% 15.0% 16.8%
Slide 9: Europe Results
EUROPE RESULTS 8 Q3 CY2023 RESULTS FINANCIAL UPDATE MARKET UPDATE JUL-SEP 2023 v/s JUL-SEP 2023 v/s ₹ million JUL-SEP 2023 JUL-SEP 2022* APR-JUN 2023 JUL-SEP 2022 APR-JUN 2023 Sales 7,262 +7% 6,806 8,558 <6T 5.3% -17.8% EBITDA 1,249 +36% 920 1,644 Source: IHS Global % EBITDA / Sales 17.2% 13.5% 19.2
Slide 10: Consolidated Results
CONSOLIDATED RESULTS 9 Q3 CY2023 RESULTS FINANCIAL UPDATE ₹ million JUL-SEP 2023 JUL-SEP 2022 APR-JUN 2023 Sales 21,655 +3% 21,101 22,000 EBITDA 3,654 +19% 3,068 3,900 % EBITDA / Sales 16.9% 14.5% 17.7% EBIT 2,871 +23% 2,335 3,067 % EBIT / Sales 13.3% 11.1% 13.9% EBT 2,559 +15% 2,229 2,843 % EBT / S
Slide 11: 2.2 9M CY2023 Results
C CIE India 2.2 9M CY2023 RESULTS
Slide 12: India Results
INDIA RESULTS 11 9M CY2023 RESULTS FINANCIAL UPDATE MARKET UPDATE ₹ million JAN-SEP 2023 JAN-SEP 2022 JAN-SEP 2023 v/s JAN-SEP 2022 Sales 41,375 +6% 39,109 <6T 6.7% EBITDA 6,928 +18% 5,873 MHCV 10.1% % EBITDA / Sales 16.7% 15.0% Tractors 0.9% EBIT 5,303 +21% 4,384 2 Wheelers -1.0% % EBIT / Sales 12.
Slide 13: Europe Results
EUROPE RESULTS 12 9M CY2023 RESULTS FINANCIAL UPDATE MARKET UPDATE ₹ million JAN-SEP 2023 JAN-SEP 2022* JAN -SEP 2023 v/s JAN -SEP 2022 Sales 25,486 +14% 22,433 <6T 13.9% EBITDA 4,592 +41% 3,262 Source: IHS Global % EBITDA / Sales 18.0% 14.5% EBIT 3,776 +48% 2,559 % EBIT / Sales 14.8% 11.4% EBT 3,26
Slide 14: Consolidated Results
CONSOLIDATED RESULTS 13 9M CY2023 RESULTS FINANCIAL UPDATE ₹ million JAN -SEP 2023 JAN -SEP 2022* Sales 66,861 +9% 61,543 EBITDA 11,520 +26% 9,135 % EBITDA / Sales 17.2% 14.8% EBIT 9,079 +31% 6,943 % EBIT / Sales 13.6% 11.3% EBT 8,306 +22% 6,813 % EBT / Sales 12.4% 11.1% PAT 9,562 +83% 5,216 % PAT o
Slide 15: Other Details
OTHER DETAILS 14 OTHER OPERATING REVENUE, OTHER INCOME AND EXCHANGE RATES For Q3 CY2023 For 9M CY2023 ₹ million INDIA EUROPE CONSOLIDATED INDIA EUROPE CONSOLIDATED OTHER OPERATING REVENUE 961 178 1,139 2,776 762 3,538 OTHER INCOME 93 107 200 318 237 555 EXCHANGE RATES PERIOD ₹/€ Average for Q3 CY202
Slide 16: 3. Market Update
G CIE India 3. MARKET UPDATE
Slide 17: India Market: Key Segments Update - Quarterly
INDIA MARKET: KEY SEGMENTS UPDATE - QUARTERLY 16 MARKET PRODUCTION NUMBERS <6T Vehicles** MHCV Tractors Two Wheelers PERIOD Million Units Δ% Units Δ% Units Δ% Units Δ% 9M CY 2023 4.14 6.7 329,047 10.1 790,502 0.9 14,831,760 -1.0 Q3 CY 2023 1.45 4.8 110,535 20.5 274,009 -10.1 5,563,997 -1.5 Q2 CY 202
Slide 18: Market Outlook India
MARKET OUTLOOK 17 INDIA • Passenger Vehicles ₋ Light Vehicles (less than 6 Tons – European Classification) Short Term: IHS forecasts production growth at a 7.1% between CY2022-CY 2023 Long term: IHS forecasts production growth at a CAGR of 3.6% over a period of 2023-2028 • MHCVs: Short Term: IHS* fo
Slide 19: Europe Market: Key Segments Update - Quarterly
EUROPE MARKET: KEY SEGMENTS UPDATE - QUARTERLY 18 MARKET PRODUCTION NUMBERS <6T Vehicles PERIOD Million Units Δ% 9M CY 2023 12.8 13.9 Q3 CY 2023 3.71 5.3 Q2 CY 2023 4.51 17.2 Q1 CY 2023 4.53 18.6 Source: IHS Global Δ % - means comparison of Quarter volumes of this calendar year with that of the same
Slide 20: Market Outlook Europe
MARKET OUTLOOK 19 EUROPE • EU – Light Vehicles: ‒ IHS Global has forecasted that the Light Vehicle production will increase in CY23 by 11.8% as compared to CY22 ‒ and will grow at CAGR of 0.1% between CY23 to CY28
Slide 21: 4. SEBI Results
IEiadia CG : ay aS © WPT ace e
Slide 22: CIE India Standalone - Statement of Profit & Loss
CIE INDIA STANDALAONE - STATEMENT OF PROFIT & LOSS 21 Rs. in Million Standalone Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 2023 30 September, 30 September, 30 September, 31 December, 2023 2022 2023 2022 2022 Un Audited Un Audited Un Audited Un Audited Un Audited Au
Slide 23: CIE India Standalone - Statement of Profit & Loss Cont'd
CIE INDIA STANDALAONE - STATEMENT OF PROFIT & LOSS CONT’D 22 Rs. in Million Standalone Quarter Ended Nine M onths Ended Year Ended Particulars 30 September, 30 June, 2023 30 September, 30 September, 30 September, 31 December, 2023 2022 2023 2022 2022 Un Audited Un Audited Un Audited Un Audited Un Au
Slide 24: Notes to Accounts - Standalone
NOTES TO ACCOUNTS - STANDALONE 23 1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2 The above
Slide 25: CIE India Consolidated - Statement of Profit & Loss
CIE INDIA CONSOLIDATED - STATEMENT OF PROFIT & LOSS 24 Rs. in Million Consolidated Quarter Ended Nine M onths Ended Year Ended Particulars 30 September, 30 June, 2023 30 September, 30 September, 30 September, 31 December, Sr. No 2023 2022 2023 2022 2022 Unaudited Unaudited Unaudited Unaudited Unaudi
Slide 26: CIE India Consolidated - Statement of Profit & Loss (Cont'd)
CIE INDIA CONSOLIDATED - STATEMENT OF PROFIT & LOSS (CONT’D) 25 Rs. in Million Consolidated Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 2023 30 September, 30 September, 30 September, 31 December, Sr. No 2023 2022 2023 2022 2022 Unaudited Unaudited Unaudited Unaudite
Slide 27: CIE India Consolidated - Statement of Profit & Loss (Cont'd)
CIE INDIA CONSOLIDATED - STATEMENT OF PROFIT & LOSS (CONT’D) 26 Rs. in Million Consolidated Quarter Ended Nine M onths Ended Year Ended Particulars 30 September, 30 June, 2023 30 September, 30 September, 30 September, 31 December, Sr. No 2023 2022 2023 2022 2022 Unaudited Unaudited Unaudited Unaudit
Slide 28: CIE India Consolidated – Segment Result
CIE INDIA CONSOLIDATED – SEGMENT RESULT 27 Rs. in Million Particulars Consolidated Quarter Ended Nine Months Ended Year Ended 30 September, 2023 30 June, 2023 30 September, 2022 30 September, 2023 30 September, 2022 31 December, 2022 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Segmen
Slide 29: CIE India Consolidated – Segment Result
CIE INDIA CONSOLIDATED – SEGMENT RESULT 28 Rs. in Million Particulars Consolidated Quarter Ended Nine Months Ended Year Ended 30 September, 2023 30 June, 2023 30 September, 2022 30 September, 2023 30 September, 2022 31 December, 2022 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 0.00 2,5
Slide 30: Notes to Accounts - Consolidated
NOTES TO ACCOUNTS - CONSOLIDATED 29 1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2 In Sept
Slide 31: Notes to Accounts – Consolidated Cont'd
NOTES TO ACCOUNTS – CONSOLIDATED CONT’D … 30 Brief details of the discontinuing operations are as given under:- Rs. in M illion Quarter Ended Nine months ended Year ended Particulars 30 September, 2023 30 June, 2023 30 September, 2022 30 September, 2023 30 September, 2022 31 December, 2022 Unaudited
Slide 32: Notes Cont'd
NOTES CONT’D … 31 S. No. Name of the entity Relationship % of Holding Country of Incorporation 30 September, 2023 1 Stokes Group Limited (liquidated on September 05, 2023) Subsidiary of CIE-India - UK 2 BF Precision Private Limited Subsidiary of CIE-India 100% India 3 Bill Forge de M exico S de RL d
Slide 33: Thank You
THANK YOU
CIE Automotive India — Q3 CY2023 Earnings Presentation on 6ix