Slide 1: Minda Corporation Limited Investor Presentation
Driver Information And Telematics System Minda Corporation Limited (NSE: MINDACORP; BSE: 538962) Investor Presentation Safety, Security And Restraint System May 2018 Interior System Instrument Clusters Sensors Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plastic Component
Slide 2: Table of Contents
Table of Contents 1. Quarterly Updates Company Snapshot Consolidated Performance Qualified Institutional Placement 2. Annexure A 3. Annexure B Investor Presentation 2
Slide 3: Quarterly Updates
Quarterly Updates Investor Presentation 3
Slide 4: One of India's leading automotive component companies with global footprint
One of India’s leading automotive component companies with global footprint Diversified product portfolio, global customers, strong Revenue Breakdown* manufacturing, and advanced R&D with six decades of automotive experience By Geography By End Market After 2-3 Revenue* (net of excise) Rs. 25,934 mn
Slide 5: Minda Corporation at a glance
Minda Corporation at a glance Group Businesses of Minda Corporation Minda Corp (Consolidated) Minda Management Services Limited (Corporate) Safety Security and Driver Information and Interior System After Market Restraint system Telematics System • Minda Corporation Ltd • Minda SAI Ltd. • Minda KTSN
Slide 6: Consolidated Performance
Consolidated Performance Q4 Q3 Full Year (Rs. Million) FY2018 FY2017 FY2018 FY2018 FY2017 Operating Revenue (net of excise) 7,205 5,150 6,362 25,934 20,598 Operating Revenue Growth (%) 39.9% 13.3% 25.9% Other Income 88 102 28 162 405 EBITDA 818 384 717 2,729 1,887 Margin (%) 11.3% 7.4% 11.3% 10.5% 9
Slide 7: Consolidated Performance – Q4 FY2018
Consolidated Performance – Q4 FY2018 7,205 Commentary – Q4 FY2017-18 vs. Q4 FY2016-17 5,150 Revenue • Revenues increased by 39.9% y-o-y in Q4 FY2017-18 driven by growth across major businesses • EBITDA margin increased by 390 bps Q4FY2017 Q4FY2018 • Better product mix 818 • Savings in employee costs
Slide 8: Consolidated Performance
Consolidated Performance Consolidated Financial Performance: FY2017-18 vs FY2016-17 Operating Revenue (net of excise) increased by 25.9% y-o-y to Rs. 25,934 million EBITDA margins increased to 10.5% in FY2018 from 9.2% in FY2017 EBITDA increased by 45% y-o-y to Rs. 2,729 million Net Profit m
Slide 9: Business Verticals Performance
Business Verticals Performance Safety Security & Restraint System Driver Information & Telematics System Interior System 11.1% 10.2% 10.4% 9.8% 9.3% 6.3% FY17 FY18 FY17 FY18 FY17 FY18 Revenue 10,330 12,158 Revenue 6,120 8,327 Revenue 4,148 5,449 EBITDA EBITDA EBITDA 10.4% 11.1% 9.3% 9.8% 6.3% 10.2%
Slide 10: Consolidated Leverage Position
Consolidated Leverage Position Particulars (Rs. mn) Mar 31st , 2017 Mar 31st , 2018 Net Worth 6,221 7,375 Long Term Borrowings 1,837 2,804 Short Term Borrowings 3,508 4,298 Total Debt 5,346 7,103 Less: Cash & Cash Equivalents 276 193 Net Debt 5,070 6,910 Net Debt / Net Worth 0.81x 0.94x Rating Agenc
Slide 11: Qualified Institutional Placement (QIP) - Rs. 310 Crores in May 2018
Qualified Institutional Placement (QIP) - Rs. 310 Crores in May 2018 Mutual Insurance Funds Companies 31.2% 20.3% Amount Raised ~ Rs. 310 Crores (~ US$ 45 mn) Issue Price Rs. 173.47 per equity share Foreign Alternative portfolio Investment - Issue closed on 17 May 2018 investment Funds Issue Dates 4
Slide 12: Annexure A
Annexure A Investor Presentation 12
Slide 13: Product Portfolio – 2 Wheelers
Product Portfolio – 2 Wheelers SENSOR - FLS HANDLE MOUNTING ASSY IGN LOCK & SPEEDOMETER WIRING FT CAP HARNESS CYLINDER HEAD CONTROL CABLES BRAKING SENSOR SSPS SYSTEM PARTS STEP HOLDER PARTS SENSOR SENSOR SPEED OPS & TEMP SENSOR TPS Investor Presentation Driver Information And Telematics Safety, Secu
Slide 14: Product Portfolio – Passenger Vehicles
Product Portfolio – Passenger Vehicles WIRING NOZZEL SRC BATTERY TRAY HARNESS DEFROSTER LOUVERS SPEEDOMETER GLOVE BOX CUP HOLDER STRG COLUMN SHROUD ENGINE SYSTEM DOOR SASH (TURBOCHARGER PARTS) TAIL GATE ENGINE SYSTEM LATCH (ENGINE MOUNTING PARTS) EGT SENSOR AC COMPRESSOR PARTS TEMP SENSOR FUEL LEVEL
Slide 15: Product Portfolio – Commercial Vehicles
Product Portfolio – Commercial Vehicles WIRING HARNESS SPEEDOMETER PM / SOOT SENSOR TEMP SENSOR EGT & EGRT SENSOR PRESSURE SENSOR LOCKSET & DOOR HANDLES FUEL LEVEL SPEED OIL SUMP SENSOR SENSOR Investor Presentation Driver Information And Telematics Safety, Security And Restraint Systems Interior Pla
Slide 16: Product Portfolio – Tractors
Product Portfolio – Tractors EGRT SENSOR SPEEDOMETER STARTER MOTORS WIRING HARNESS ALTERNATORS PRESSURE SENSOR SPEED SENSOR FUEL LEVEL SENSOR OIL SUMP TEMP SENSOR Investor Presentation Driver Information And Telematics Safety, Security And Restraint Systems Interior Plastics 16 Note: Representative
Slide 17: Content Per Vehicle (Values in INR)
Content Per Vehicle (Values in INR) 2 Wheelers Passenger Vehicles All Mopeds >Rs 16 lacs All scooters Rs. 9 - 16 Lacs > 150 CC Rs. 4 - 9 Lacs 110 -150 CC Up to 110 CC Up to Rs. 4 Lacs - 1,000 2,000 3,000 4,000 - 20,000 40,000 60,000 80,000 Up to 110 CC 110 -150 CC > 150 CC All scooters All Mopeds Up
Slide 18: Evolution of EVs, Technology, Regulatory Framework
Evolution of EV's, Technology, Regulatory Frame work Powertrain Technology Respect Business Domain Segment S.no Products ICE: BSVI Hybrid Full EV Group Apr-20 2022-25 2025-30 1 Ignition Lock and Lock set Driver Information and Telematics System Safety, Security and Restraint System 2 Fuel Tank Cap x
Slide 19: Minda Automotive Solutions Limited (After Market)
Minda Automotive Solutions Limited (After Market) HQ : Noida Sales Trend (Rs. mn) 2800 Regional Offices : Mumbai, Chennai, Kolkata & Noida 2800 Team Strength : 200 + 2700 2533 employees 2600 2500 Distribution : 500 + Business 2400 Partners 2300 Spread : PAN India presence FY2016-17 FY2017-18 Sales b
Slide 20: Annexure B
Annexure B Investor Presentation 20
Slide 21: Group Operating Structure
Group Operating Structure Minda Corporation Minda Minda Minda KTSN Minda Minda Minda SAI Management Furukawa Plastic Automotive Autoelektrik Ltd Services Electric (51%) Germany* Minda Stoneridge Minda VAST Access Minda KTSN Plastic (51%) Systems (50%) Poland EI Labs India Pvt Ltd Minda KTSN Plastic
Slide 22: Diversified Product Portfolio
Diversified Product Portfolio Safety, Security and Restraint System Ignition Switch Cum Smart Key Mechatronics Immobilizers Aluminium High Compressor Steering System Handles System Pressure Die Housing Alternator Starter Motor Lock Casting Electronic and mechanical security systems Die casting compo
Slide 23: Competitive Strengths
Competitive Strengths WELL DIVERSIFIED customer STRONG RELATIONSHIPS with base and product portfolio major Indian and Global OEMs TECHNOLOGICAL A LEADING PLAYER in several COLLABORATION with global of its product segments in India automotive component manufacturers PROFESSIONALLY MANAGED STRONG IN-H
Slide 24: Manufacturing facilities strategically located globally providing support to OEMs
Manufacturing facilities strategically located globally providing support to OEMs North (12 Plants) Poland Madhya Germany Gujarat Pradesh (1 Plant) Czech Republic West Japan (11 Plants) Mexico Vietnam South (4 Plants) Indonesia Manufacturing Facilities Proposed Facility Offices Driver Information Ma
Slide 25: Strategic Focus – Growth Drivers
Strategic Focus – Growth Drivers Growth Drivers #1 #2 #3 #4 New technologically Sustain and grow our advanced products in legacy products through Increased focus on Inorganic growth in non-legacy segments technology upgradation Exports adjacent areas due to regulatory and and greenfield expansion cu
Slide 26: Strategic Focus – Investing in Technology and Future
Strategic Focus – Investing in Technology and Future 1 Increased electronic content per vehicle and technological advanced products in non legacy product business: EGT/EGRT Sensors, Connected Cars / Connected Mobility / Telematics, PM Sensors / Soot, Control Cables, RPAS EFI/EMS Systems, ABS and CBS
Slide 27: Board of Directors
Board of Directors Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. Sudhir Kashyap Mr. R. Laxman Executive Director & CEO Director & Group President, Finance Mr. Avinash P. Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram Gandhi On the Board of GPR On the Bo
Slide 28: Senior Management Team
Senior Management Team Ashok Minda N. K. Taneja R. Laxman Sudhir Kashyap Sanjeev Saxena Chairman & Group CEO Group Chief Marketing Director and Group ED and CEO, Minda CEO, Minda SAI and Minda Officer President, Finance Corporation Stoneridge Vinayak Hegde Suresh D Sanjay Aneja Ajay Sancheti MD, Min
Slide 29: Corporate Social Responsibility
Corporate Social Responsibility Uttar Pradesh (Kuleshara village) Uttarakhand (Pantnagar) Women Empowerment Program Inauguration of Center for Empowerment for Divyangs Pune Eye Camp (March 2018) Investor Presentation 29
Slide 30: Significant Awards
Significant Awards Conferred with Won the Best Silver award for Comprehensive Best Kaizen Spark Minda Vendor Best in class Won the ‘Alliance Award’ for Excellence Award Award during the Foundation wins Performance Performance in achieving overall targets presented by Annual Supplier 4th CSR Impact A
Slide 31: Thank You
Thank You 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 de