Remsons Industries Limited · NSE:REMSONSIND
Remsons Industries — Q3 FY2022 Earnings Presentation
43 slides from Remsons Industries's earnings presentation, February 2022
Slide 1: Remsons Industries Limited - Investor Presentation cover letter
REIrrSO\lS INDUSTRIES LIMITED LET'S MAKE GREAT www.remsons.com 776 February, 2022 To, The Manager - Corporate Service Dept. The Manager- The Listing Departrnenl BSE Limited National Stock Exchange of India Limited feejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Dalal Sheet, Bandra (E), Mumba
Slide 2: Investor Presentation Q3 FY 21-22
Investor Presentation Q3 FY 21-22
Slide 3: Disclaimer
DISCLAIMER Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect", "will continue", "anticipate", "estimate", "intend", "pl
Slide 4: Q3 FY 21-22 Result Update
Q3 FY 21-22 ‘ Result Update REMSONS \ LET'S MAKE GREAT
Slide 5: Q3 FY 21-22 Standalone Results
Q3 FY 21-22 STANDALONE RESULTS Particulars (INR in crs) Q3 FY 22 Q2 FY 22 Q-o-Q Growth Q3 FY 21 Y-o-Y Growth FY 2021 Net Revenue from Operations 64.78 61.42 5.47% 67.01 -3.33% 195.48 Other Income 0.15 -0.47 131.38% 1.05 -86.09% 1.95 Total Revenue 64.92 60.95 6.52% 68.06 -4.61% 197.42 COGS 44.27 42.3
Slide 6: Q3 FY 21-22 Consolidated Results
Q3 FY 21-22 CONSOLIDATED RESULTS Particulars (INR in crs) Q3 FY 22 Q2 FY 22 Q-o-Q Growth Q3 FY 21 Y-o-Y Growth FY 2021 Net Revenue from Operations 80.46 75.20 6.99% 81.31 -1.05% 226.15 Other Income 0.06 -0.19 -132.12% 1.30 -95.41% 2.41 Total Revenue 80.52 75.02 7.34% 82.61 -2.54% 228.56 COGS 53.08 4
Slide 7: 9M FY 21-22 Standalone Results
9M FY 21-22 STANDALONE RESULTS Particulars (INR in crs) 9M FY22 9M FY21 Y-o-Y Growth FY 2021 Net Revenue from Operations 161.43 135.08 19.50% 195.48 Other Income 0.54 1.31 -59.08% 1.95 Total Revenue 161.96 136.39 18.75% 197.42 COGS 110.44 95.67 15.43% 136.29 Employee Benefit Expenses 24.60 20.83 18.
Slide 8: 9M FY 21-22 Consolidated Results
9M FY 21-22 CONSOLIDATED RESULTS Particulars (INR in crs) 9M FY22 9M FY21 Y-o-Y Growth FY 2021 Net Revenue from Operations 206.87 149.39 38.48% 226.15 Other Income 0.99 1.56 -36.13% 2.41 Total Revenue 207.86 150.95 37.71% 228.56 COGS 133.30 101.58 31.23% 151.67 Employee Benefit Expenses 38.37 25.27
Slide 9: Q3 FY 21-22 Operational Update & Adoption of New Brand Identity
Q3 FY 21-22 OPERATIONAL UPDATE & ADOPTION OF NEW BRAND PHILOSOPHY/IDENTITY The newly commissioned manufacturing plant in Pune is completely operational This facility is ramping up gradually as the demand is picking up The slow recovery of the rural sector after the second wave of Covid-19 wave coupl
Slide 10: Q3 FY 21-22 Highlights Standalone
Q3 FY 21-22 HIGHLIGHTS STANDALONE Revenue EBITDA 5.70 6.0 5.53 70.0 68.06 • Total Standalone Revenue increased by 5.0 6.52% Q-o-Q basis amid supply side 68.0 constraints adversely affecting the 66.0 64.92 4.0 3.36 Automobile industry. However, it was down by 4.61% when compared on Y-o-Y 64.0 basis d
Slide 11: Q3 FY 21-22 Highlights Consolidated
Q3 FY 21-22 HIGHLIGHTS CONSOLIDATED Revenue EBITDA 6.13 6.2 6.12 84.0 82.61 • Consolidated Revenue stood at Rs. 6.0 82.0 80.52 crores up by 7.34% when 80.52 compared to Q-o-Q basis and down by 5.8 80.0 2.54% on Y-o-Y Basis. The UK sales were 5.6 also impacted on account of Christmas 78.0 holidays 75
Slide 12: Re-Branding
RE-BRANDING At Remsons, we love what we do. Whether it is the highest standards of engineering excellence or the spirit of collaboration at the heart of our cultural ethos, it is all powered by a drive for greatness. The handcrafted specially designed typography represents the solidity, the sharpnes
Slide 13: Management's Message
MANAGEMENT”S MESSAGE Commenting on the Performance Mr. Rahul Kejriwal, Director & CFO, Remsons Industries Limited “Remsons Industries continues to consolidate its position as a consistent supplier to OEMs. This has led to incremental growth in Q3FY2022 despite several external factors in play which
Slide 14: Company Overview
F REMSONS \_Company Overview LET'S MAKE GREAT
Slide 15: A Little Bit of History
A LITTLE BIT OF HISTORY Born into a middle-class family in Kolkata, Mr. Vishwa Prakash Harlalka moved from Kolkata to Mumbai in 1956. With nothing but a dream he tried his hand at many businesses, failing and only rising stronger and wiser. He started Remsons in 1959. Formed as a trading company, th
Slide 16: Remsons Industries Limited - At a Glance
REMSONS INDUSTRIES LIMITED- AT A GLANCE About Us Customer Profile Strategy The company offers an entire spectrum of All major OEM manufacturers of 2, 3, & Focus on advancement of technologies Automobile control cables, gear shifters, 4 wheelers both domestic and overseas and strengthening of busines
Slide 17: Remsons DNA: Vision, Mission, Quality
REMSONS DNA VISION EMPOWER Let’s aim to be regarded as an innovative, future- We provide employee with the resources, ready auto component manufacturer always authority, opportunity, and motivation to do committed to the highest standards of engineering their work, also holding them accountable for
Slide 18: Key Highlights
KEY HIGHLIGHTS INR 228.5 crs of INR 12.6 crs of Serving more than 20 OEM’s and Total Income in FY 21 EBITDA in FY 21 250+ dealers in after-market 4 State of the Art Plants across Exports to more 246 employees consisting of Design team, India and 1 in UK than 19 countries HR team, Managerial Staff (P
Slide 19: Milestones
MILESTONES 1960-1973 2004-2006 2018-2019 1st to introduce Indigenously Opened control cables manufactured marketing and and Pressure die dash mounted technical cast cables ends park brake and support office in in India push pull cables USA and Europe 1959 2001 2009 2020 Company Indigenously Great em
Slide 20: Application of Products
APPLICATION OF PRODUCTS Serving All Segments of Industry 2- Wheeler 3- Wheeler 4- Wheeler Commercial Vehicle Off-Roader Agriculture Brake - Front, Rear, Combi Clutch / PKB Cable Parking Brake Cable Parking Brake Cable Accelerator Cables Clutch & Brake Cable Accelerator Cable Gasoline Cable Body Cabl
Slide 21: Products Gallery
PRODUCTS GALLERY Push Pull Cables Pedal Box Handle Assembly Gear Shift Systems SYSTEMS GEAR SHIFTERS PARKING BRAKE PEDAL BOX WINCHES JACKS Jacks Parking Brake Assembly Winch Assembly Auto Adjust Clutch Cable
Slide 22: Global Presence
GLOBAL PRESENCE Stourport-on-Severn United Kingdom United Kingdom Application Support & Marketing Office France Mexico USA Germany Gurgaon India Austria Pune India Sweden Italy Spain Application Support Daman; Pardi Turkey India Mumbai Singapore India Nepal Sri Lanka Bangladesh Brazil Kenya Headquar
Slide 23: Manufacturing Facilities
MANUFACTURING FACILITIES Gurgaon, Haryana Stourport-on-Severn, United Kingdom Pune, Maharashtra
Slide 24: In-House Product Development Capabilities
IN-HOUSE PRODUCT DEVELOPMENT CAPABILITIES Design FEA Complete In-House Simulation & FEA In-House Design Capabilities Established Capabilities Product Development Capabilities Enhancement Technology Validation Synergy Continuous upgradation of In-House Product Validation Design and Validation Capabil
Slide 25: Customer Profile
CUSTOMER PROFILE Passenger Cars (Tier – I) Commercial Vehicles 2 & 3-Wheeler Agriculture Electric 2 Wheeler
Slide 26: Group - Organisation Structure
GROUP- ORGANISATION STRUCTURE Remsons Industries Limited India UK Operations Operations Gurugram Daman Pune Pardi Stourport The synergies created through this acquisition including access to the central European market, new product portfolio and operational production plant in UK to better save the
Slide 27: Management Details
MANAGEMENT DETAILS Krishna Kejriwal Amit Srivastava Chairman & Managing Director, Remsons Industries Limited Chief Executive Officer, Remsons Industries Limited Mr. Kejriwal is a Graduate in Science from University of He is MBA in Marketing & Finance completed Senior Management Bangalore and has 43
Slide 28: Quality Certification
QUALITY CERTIFICATION IATF 16949:2016 IS0 14001: 2015 ASES CERTIFIED
Slide 29: Awards & Recognitions
AWARDS & RECOGNITIONS Jamnalal Bajaj Award – For Fair Business Practices ACMA Award – First Technology Award for Upgradation of Technology Escorts Award – For Price Control Membership – United Nations Global Compact Maruti Suzuki – Vendor Performance Award ACMA – 1st Prize in QC Competition for Cost
Slide 30: HR Award
HR AWARD Dear Remsons Family, With great Pride, it is my pleasure to announce that our Company has been awarded 2nd prize in The HR Best Practices competition organised by ACMA. This award is given to companies who have surpassed the Industry standards and set a benchmark in the industry in the cate
Slide 31: Quality Award
QUALITY AWARD ● Golden Award in QCFI (Delhi Chapter ) for best Kaizen in 2021. ● HONDA Genset best Supplier Performance Award for long association & outstanding performance.
Slide 32: Strategy Meet - Dec 21
STRATEGY MEET - DEC 21 Strategy Meet - 7th-9th December 2021
Slide 33: Strategy for a Profitable Growth
STRATEGY FOR A PROFITABLE GROWTH New Product Operational Efficiency Focus on launch of 2 new products which are already Shifting of Daman Plant to a Greenfield plant in Pune. under development Lean and Agile Manufacturing processes Product Development- Offering and diversifying increasing Asset Util
Slide 34: Financials
——_________—_——_. REMSONS \ Financials LET'S MAKE GREAT
Slide 35: Annual - Standalone Profit & Loss Statement
ANNUAL- STANDALONE PROFIT & LOSS STATEMENT Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 H1 FY 2021-22 Net Revenue from Operations 128.36 149.38 159.18 195.48 96.65 Other Income 1.58 0.75 1.70 1.95 0.39 Total Revenue 129.94 150.13 160.88 197.42 97.04 COGS 78.30 92.99 95.71 136.29 66.16 Em
Slide 36: Annual - Standalone Balance Sheet (1/2)
ANNUAL- STANDALONE BALANCESHEET (1/2) Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 H1 FY 2021-22 Assets Non-Current Assets Property, Plant & Equipment 21.75 21.51 21.71 24.05 26.85 Right of Use of Assets - - 0.54 8.81 7.85 Capital Work in Progress 0.05 0.14 0.08 0.35 1.70 Investment Prop
Slide 37: Annual - Standalone Balance Sheet (2/2)
ANNUAL_ STANDALONE BALANCE SHEET (2/2) FY 2018 FY 2019 FY 2020 FY 2021 H1 FY 2021-22 Equities & Liabilities Share Capital 5.71 5.71 5.71 5.71 5.71 Reserves & Surplus 13.84 16.03 19.03 25.68 25.33 Net Worth 19.55 21.74 24.74 31.39 31.04 Non-Current Liabilities Long Term Borrowings 8.24 7.87 7.53 20.5
Slide 38: Annual - Consolidated Profit & Loss Statement
ANNUAL-CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 H1 FY 2021-22 Net Revenue from Operations 128.36 149.38 159.18 226.15 126.41 Other Income 1.58 0.75 1.70 2.41 0.93 Total Revenue 129.94 150.13 160.88 228.56 127.34 COGS 78.30 92.99 95.71 151.67 80.22
Slide 39: Annual - Consolidated Balance Sheet (1/2)
ANNUAL- CONSOLIDATED BALANCE SHEET (1/2) Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 H1 FY 2021-22 Assets Non-Current Assets Property, Plant & Equipment 21.75 21.51 21.71 31.71 34.05 Right of Use of Assets - - 0.54 8.81 7.85 Capital Work in Progress 0.05 0.14 0.08 0.35 1.70 Investment P
Slide 40: Annual - Consolidated Balance Sheet (2/2)
ANNUAL-CONSOLIDATED BALANCE SHEET (2/2) FY 2018 FY 2019 FY 2020 FY 2021 H1 FY 2021-22 Equities & Liabilities Share Capital 5.71 5.71 5.71 5.71 5.71 Reserves & Surplus 13.84 16.03 19.03 24.01 24.43 Net Worth 19.55 21.74 24.74 29.72 30.15 Non-Current Liabilities Long Term Borrowings 8.24 7.87 7.53 34.
Slide 41: Five Years Sales Trend
FIVE YEARS SALES TREND $ =73.94 € = 88.81 £ = 102.81 2021-22 37 M $ 30 M € 2020-21 27 M £ 30 M $ 25 M € 22 M £ 2019-20 22 M $ 18 M € 16 M £ 2018-19 20 M $ 17 M € 15 M £ 2017-18 17 M $ 14 M € 12 M £ ₹ 123 Cr ₹ 150 Cr ₹ 160 Cr ₹ 226 Cr ₹ 275 Cr Lockdown From March 20 Pandemic Projected 3 Months Lockdo
Slide 42: Profitable Growth, Strong ROE, ROCE
PROFITABLE GROWTH, STRONG ROE, ROCE Revenue EBITDA PAT 250.0 15.0 12.95 10% 6.0 5% 228.56 13.12 5.34 207.86 12.57 5.0 4.49 200.0 12.0 8% 8% 4% 9.61 7% 9.57 3.44 3.44 160.88 6% 150.13 4.0 3% Rs in crs Rs in crs Rs in crs 9.0 6% 6% 3% 3% 150.0 6% 129.94 3.0 2.43 2% 100.0 6.0 4% 2% 2% 2.0 1% 50.0 3.0 2
Slide 43: Thank You!
Thank You! https://www.linkedin.com/company/remsons-industries-ltd For further information, please contact: https://www.facebook.com/ConnectRemsons Remsons Industries Limited Tel: +91 22 2612 2368/2611 3883 https://www.youtube.com/channel/UClWRkrmktUclhpuHNjAroVQ Email: corporate@remsons.com For mor