Slide 1: Quarterly Results Update (Q2 FY20)
Minda Industries Ltd Quarterly Results Update (Q2 FY`20) November 2019
Slide 2: Safe Harbor
Safe Harbor 2/6 2 /2/16 46 This presentation and the accompanying slides (the “Presentation”), has been prepared by Minda Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and
Slide 3: Quarterly Update Presentation
3/6 3 /3/16 46 Quarterly Update Presentation
Slide 4: Performance Highlights for the Quarter
Performance Highlights for the Quarter 4/6 4 /4/16 46 Favourable Factors Un-Favourable Factors • Improved profit contribution from Associates and • Volumes impacted due to depressed demand. JV Cost Management and Austerity measures kept Lower capacity utilization overheads in check. • New Products h
Slide 5: Business Review
Business Review 5/6 5 /5/16 46 Secured additional Business from MSIL new Model Switches 01 HBA business is restructured with one 2W OEM Got additional business in Renault and MSIL (S-Presso) Lighting 02 Sales in line with OE, Maintained EBIDTA Y-o-Y Domestic business maintained despite volume cuts b
Slide 6: Consolidated Financial Highlights
Consolidated Financial Highlights 6/6 6 /6/16 46 Revenue (Rs. Cr) EBITDA (Rs. Cr) -11% -16% 1,522 189 1,360 Adjusted growth 162 (9.7)% 56 *(27) Cr HBA 15 74 restructuring 24 118 64 Q2 FY19 Q2 FY20 Q2 FY19 Q2 FY20 PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 12.44% 11.89% -32% 73 49 4.78% 3.64%
Slide 7: Revenue Bridge – Q2 FY20
Revenue Bridge – Q2 FY20 7/6 7 /7/16 46 1,523 (21) (18) 48 (53) (121) 1.360 Quarter 2 Q2 FY19 Lighting Others Acoustics Light Metal Switches Q2 FY20 Technology (28) 95 2,955 (86) 24 (162) H1 2,799 H1 FY19 Lighting Others Acoustics Light Metal Switches H1 FY20 Technology
Slide 8: Business wise Revenue Mix
Business wise Revenue Mix 8/6 8 /8/16 46 Revenue – Q2FY19 Revenue – Q2FY20 Others Others 10% 14% Switches 39% Switches 36% LMT 17% LMT 15% Acoustics Acoustics 12% 12% Lighting Lighting 23% 22%
Slide 9: Business wise EBITDA Mix
Business wise EBITDA Mix 9/6 9 /9/16 46 EBITDA – Q2 FY19 EBITDA - Q2 FY20 Others Others 11% 10% Switches Switches 35% 38% LMT 26% LMT 32% Acoustics Lighting Lighting 7% Acoustics 18% 17% 7%
Slide 10: Revenue Mix – Q2 FY20
Revenue Mix – Q2 FY20 10/6 1010/16 / 46 Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup India International OEM Replacement 2Wheeler 4Wheeler 10% 17% 46% 54% 83% 90% Diversification across Categories and Geographies
Slide 11: Mergers & Acquisitions: Status Update
Mergers & Acquisitions: Status Update 11/6 1111/16 / 46 Harita Seating Shareholder and creditor meeting is being convened by NCLT Delhi on November 19, 2019 Sytems Merger Merger of 4 WOS Shareholder and creditor meeting is being convened by NCLT Delhi in the second week of December 2019 and on 16th
Slide 12: Shareholding Pattern
Shareholding Pattern 12/6 1212/16 / 46 Corp Bodies / Corp Bodies / Others Others Retail Retail 5.2% 5.1% 8.5% 7.3% Insitutions 16.8% Institutions 15.5% Mar ‘19 Sep ‘19 Promoters Promoters 70.8% 70.8%
Slide 13: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement 13/6 1313/16 / 46 Particulars (Rs. Cr) Q2 FY20 Q2 FY19 YoY % Q1 FY20 QoQ % FY19 Revenue from Operations (Net of Excise) 1,359.58 1,521.72 -11% 1,439.75 -6% 5,908.09 Raw Material 814.71 937.62 872.16 3,622.48 Employee Cost 208.39 195.28 215.13 791.29 Other Expense
Slide 14: Consolidated Balance Sheet
Consolidated Balance Sheet 14/6 1414/16 / 46 ASSETS As at 30-Sep-2019 As at 31-Mar-2019 LIABILITIES As at 30-Sep-2019 As at 31-Mar-2019 EQUITY AND LIABILITIES 1. Non-current assets Equity Property, Plant and Equipment 1,583.89 1,629.40 Equity share capital 52.44 52.44 Capital work-in-progress 184.2
Slide 15: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement 15/6 1515/16 / 46 Particulars (Rs in Cr) 30-Sep-2019 30-Sep-2018 PBT 153.01 237.07 Adjustments Operating profit before working capital changes 349.28 372.94 Changes in working capital 91.01 -200.56 Cash generated from operations 440.29 172.38 Direct taxes paid (net o
Slide 16: Contact Us
Contact Us 16/6 1616/16 / 46 For further information, please contact: Company : Investor Relations Advisors : Minda Industries Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L74899DL1992PLC050333 CIN : U74140MH2010PTC204285 Mr. Tripurari Kumar Mr. Jigar Kavaiya GM Finance +91 99206 02034 tripurarik@