Slide 1: Investor Presentation Q2 FY'24
INVESTOR PRESENTATION Q2 FY’24 Nov 7, 2023 1
Slide 2: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the ba
Slide 3: Content
CONTENT 01. Industry Highlights 04 02. Operational Highlights 05 03. Financial Highlights 07 04. Business Review 11 05. Strategic Business Update 18 06. Annexures 21 07. Overview: Uno Minda Group 26 3
Slide 4: Industry Highlights
INDUSTRY HIGHLIGHTS Introduction of Bharat NCAP Passenger Vehicles demand Introduction of Bharat NCAP, with a focus on momentum strong improving vehicle safety and assisting car buyers in Demand momentum for SUVs continues to be making informed decisions, has commenced from strong, led by multiple n
Slide 5: Key Operational Highlights for the Quarter
KEY OPERATIONAL HIGHLIGHTS FOR THE QUARTER Commissioned Two new EV plants Highest ever quarterly production EV systems plant under FRIWO JV commissioned in 4W as well as 2W Alloy wheel in Q1FY24. Supplies started, ramp-up expected in Commissioning of capacity expansions at 2W Alloy coming quarters.
Slide 6: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 7: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Group Revenues ( Including JVs and Consolidated Revenues increased by Associates) (Unaudited) 26% Y-o-Y to Rs 4,586 Cr Rs 3,621 Cr for the quarter for the quarter EBITDA higher by 26% Y-o-Y to EBITDA margin increased by 2 bps Y-o-Y at Rs 402 Cr for the quarte
Slide 8: Consolidated Financial Highlights – Q2 FY24
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q2 FY24 Revenue (Rs. Cr) EBITDA (Rs. Cr) 402 318 26% 26% 125 107 27 3,621 2,877 19 208 258 Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 UML Revenue PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 11.07% 11.09% 32% 5.34% 225 170 5.10% Q2 FY23 Q2 FY24 Q2 FY23 Q2 FY24 UML Cons
Slide 9: Revenue Bridge – Q2 FY24
REVENUE BRIDGE – Q2 FY24 Rs. Cr 9
Slide 10: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q2 FY23 (%) Q2 FY24 (%) Others Others 16% Switches 12% 26% Switches 28% Seatings Seatings 9% 8% Castings Castings 21% 22% Lightin Lighting g Acoustics 23% Acoustics 23% 6% 6% 10
Slide 11: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET 11
Slide 12: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 29% 26% 31% 28% 27% • Received first orders for capacitive touch-based switch from Indian 4W OEM. 933 • Expansion of 4W switch plants at Chennai is 815 835 839 800 commissioned in Oct 2023 Switches Q2 FY23 Q3 FY23 Q4 FY2
Slide 13: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Strategic Business Developments 7% 7% 6% 6% 6% • Volumes at Clarton remain lower due to lower industry 208 210 volumes. 187 193 181 Acoustic Q2 FY23 Q3 FY23 Q4 FY23 Q1 FY24 Q2 FY24 9% 9% 9% 9% 8% • Started Supplies to New age EV OEM
Slide 14: Revenue Breakups Q2 FY24
REVENUE BREAKUPS Q2 FY24 OR CV 3W 2% Aftermarket International 5% 1% 13% 7% 4W 50% 2W 42% India OEM 87% 93% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 14
Slide 15: Aftermarket – Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, • Revenue of Rs. 259 Cr during the quarter Shocks & struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 16: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Products under Production and Motor Controller supply Battery Management Battery Management System Smart Plug System (BMS) On Board Charger Off Board Charger On-Board RCD Cable DC-DC Charger Converter Body Control Module
Slide 17: EV Sales, Order and Potential Kit Value
EV Sales, Order and Potential Kit Value Sales to 2W Electric Vehicles Rs Crores Potential Kit Value (in INR) 143 136 26,000 78 67 44 23 35,300 Q1FY23 Q2FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Sales to 2W EV 27,300 26,000 Peak Annual Order Value from EV OEM in Rs Crores Particulars 2W/3W PV/CV Total 8,000 E
Slide 18: Strategic Business Update
Strategic Business Update • MSBPL Demerger and HFRL Merger with Uno Minda Ltd: o NCLT has approved the Scheme vide its order dated 13th July, 2023. o The order has been passed on 14th Aug 2023 & accordingly the scheme is effective from said date. • Minda iConnect Pvt Ltd: o Filed revised scheme with
Slide 19: 4 Wheeler Alloy Wheel Expansion
4Wheeler Alloy wheel Expansion Particulars Description Project Greenfield Plant for manufacture of 4W Alloy wheel using Gravity Die casting method Capacity 120,000 Flow forming GDC wheels per month in three phases Rational: • Immense potential for 4W Alloy wheel business as penetration of alloy whee
Slide 20: Capital Expansion Update
Capital Expansion Update Total Cost (In Expected Sr Product Line Entity Location Capacity Update Crs) SOP Q2 FY26 Project announced 1 4W Alloy Wheels Uno Minda Ltd 542 Yet to be finalised 120k Wheel p.m. Phase 1 To be spend over 5 years Minda Kosei 2 4W Alloy Wheels 190 Bawal 60k Wheels p.m. Q2 FY25
Slide 21: Annexures
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Slide 22: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Cr) Q2 FY24 Q1 FY24 QoQ% Q2 FY23 YoY% H1 FY24 H1 FY23 YoY% Revenue from Operations (Net of Excise) 3,621 3,093 17% 2,877 26% 6,714 5,432 24% Raw Material 2,377 1,987 1,866 4,363 3,522 Employee Cost 449 424 365 873 706 Other Expenses 394 352 328 7
Slide 23: Consolidated Annual Key Financial Numbers & Ratios
CONSOLIDATED ANNUAL KEY FINANCIAL NUMBERS & RATIOS Particulars Unit FY23 FY22 FY21 FY20 FY19 Revenue INR Cr 11,236 8,313 6,374 6,222 5,908 EBITDA INR Cr 1,242 885 725 672 725 EBITDA Margin % 11.1 10.6 11.4 10.8 12.3 PAT (UML Share) INR Cr 654 356 207 155 286 Net UML profit margin % 5.8 4.3 3.2 2.5 4
Slide 24: Financial Indicators
FINANCIAL INDICATORS Building Shareholder Value year on year… ROCE Dividend Profile 21.8% 19.3% 13.2% 19.2% 12.1% 12.0% 15.8% 11.2% 13.1% 8.1% 13.1% 2,697 2,967 3,076 3,986 5,003 5,463 286 155 207 356 653 FY19 FY20* FY21 FY22 FY23 H1FY24 FY19 FY20* FY21 FY22 FY23 Capital Employed** ROCE PAT^ Dividen
Slide 25: About Uno Minda
ABOUT UNO MINDA TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE. 25
Slide 26: About Uno Minda
ABOUT UNO MINDA UNO MINDA A Leading Auto Component Player, Since 1958 Uno Minda Limited is one of the leading manufacturers of auto components and systems with leadership across key product segments. ₹ 130B ($ 1.57 TOP 200 73 B) * *Group Turnover (FY22-23) BSE/NSE listed companies Plants Globally Th
Slide 27: Domains & Product Groups
DOMAINS & PRODUCT GROUPS Switches 4W, 2W, Lamps CV & Off road 4W & CV Sensors & Lamps Actuators 2Wheeler Electric Vehicle Speakers Products Infotainment Systems Horns ADAS Hoses Products Blow Molded Controllers Parts Gear Shifters Seats & Seat Belts 2Wheeler Air Filters Air Bags, Interior Exterior P
Slide 28: Global Presence
GLOBAL PRESENCE Strategic Manufacturing Location Growing International Presence 67 Eng. 30 HO Head RO Registered 6 7 Sales 3 Engineering Office Office Plants Office Centers Plants Engineering Centers North zone. (29) [15] East zone (1) Manesar (10) [9] ENG. HO Jamshedpur (1) Bawal. (9) [4] ENG. Neem
Slide 29: Top Management Team
TOP MANAGEMENT TEAM Mr. Nirmal K Minda Mr. Ravi Mehra Mr. Rajeev Gandotra Mr. Kundan K Jha Mr. Sunil Bohra Chairman & Managing Director Deputy Managing Director CEO – Light & Acoustic CEO, Light Metal & Group Chief Finance & Head Group Corporate Systems Domain Powertrain Systems Officer & CEO- Safet
Slide 30: Nurturing Partnerships and Affiliations
NURTURING PARTNERSHIPS AND AFFILIATIONS Legacy of successful partnerships; 25 collaborations till date. M & A Lighting Solutions JV- Steering Wheel with Airbags, Body Sealing, Fuel Caps, Hoses M & A Seating Systems M&A Horns JV - Panel & Control Switches, Seatbelts JV – Printed Circuit Boards TLA fo
Slide 31: Global R&D Footprints
GLOBAL R&D FOOTPRINTS Uno Minda’s first flagship center for research engineering Two-tier Engineering Organization and advance technologies. Product-focused business Engineering teams 2W Switch, Mindarika, 4W Lighting, Minda Westport, Manesar Acoustic, Minda Nabtesco, Buehler MISSION: Attain Technol
Slide 32: Engine agnostic portfolio with potential upside from EV transition
Engine agnostic portfolio with potential upside from EV transition Domains Product Lines BS VI EV 4W Switches & HVAC ✓ ✓ Charging Sockets ✓ ✓ Sensors ✓ ✓ Actuators ✓ ✓ Controllers ✓ ✓ Electronic & Control Systems Seat Belts ✓ ✓ Shifters ✓ ✓ Infotainment Systems ✓ ✓ Cameras ✓ ✓ Telematics & TCU ✓ ✓ R
Slide 33: Potential Kit Value – Uno Minda
POTENTIAL KIT VALUE – UNO MINDA Kit Value – 2 Wheelers 13,952 14,161 14,26114,901 13,910 12,336 12,003 10,661 9,675 9,585 9,231 8,457 8,243 6,261 7,110 6,978 7,181 7,324 4,517 3,611 Economy Executive Premium Scooter Moped 2020 2021 2022 2023 Kit Value – 4 Wheelers 197,416 146,416 140,788 120,788 93,
Slide 34: Environmental, Social & Governance (ESG)
ENVIRONMENTAL, SOCIAL & GOVERNANCE (ESG) Environmental Social Corporate Governance More than 90% of plants ISO Vision to enable Employee and 14001 & ISO 45001 certified Community Well-Being with (Environmental & OHS Management System) following organizational goals: Policies Ethics and Economic gove
Slide 35: Awards & Recognitions
AWARDS & RECOGNITIONS "Top 50 Innovative Company "Certificate of Recognition for Award—2022" by the Excellence in Corporate Confederation of Indian Governance" in the category of Industry (CII) "Listed - Medium Corporates" Suman Nirmal Minda Foundation (UNO MINDA GOLD AWARD for the Project GROUP) wo
Slide 36: Group Strengths
GROUP STRENGTHS Robust Systems Long Standing Located close to each Strategic & and Governance Relationships with customer Technology Driven mechanism OEMs Alliances Strong System, Processes with 6 Decades of Preferred Supplier Located in all Automotive hubs in With Global Technology experienced boar
Slide 37: Thank You.
THANK YOU. Corporate Office For further information, please contact Uno Minda Ltd Company Investor Relations Advisors (Formerly known as Minda Uno Minda Ltd. Strategic Growth Advisors Pvt. Ltd. Industries Ltd) Village Nawada Fatehpur, P.O. Mr. Ankur Modi Mr. Jigar Kavaiya Sikanderpur Badda, Head Cor