Wheels India Limited · NSE:WHEELS
Wheels India — Investor Presentation (May 2024)
20 slides from Wheels India's investor presentation, May 2024
Slide 1: Wheels India Limited Investor Presentation March '24
Wheels India Limited Investor Presentation March ‘24 111
Slide 2: TSF Group Overview
TSF Group Overview • Companies part of the T S Santhanam family ~$2.7 Bn. Consolidated with lineage from the erstwhile TVS Group Turnover FY22 • Diversified portfolio across Auto components, Dealerships & Distribution and Financial 1936 services Since 15 36+ Business • Global supply chain partner wi
Slide 3: TSF Group Companies
TSF Group Companies TSF Group Auto Components Auto Distribution & Dealerships Finance and Insurance Brakes India Sundaram Finance India Motor Parts & Accessories Wheels India Limited Royal Sundaram General Insurance Turbo Energy Sundaram Motors Sundaram Home Finance Axles India Madras Auto Sundaram
Slide 4: Promoters & Value system of TSF
Promoters & Value system of TSF Wheels India Limited (WIL) is part of the TSF Group and was established in 1960 WIL is a listed Company, wherein Promoters hold 58.31 % of the equity capital . Value systems of WIL are Relationships, Integrity , Customer Centricity and Excellence . 4
Slide 5: Wheels India Ltd - Company Profile
Wheels India Ltd - Company Profile Tractor & Earth mover wheels Automotive - Steel & Aluminium Wheels 1960 Establishment Components for Wind Turbines Air suspension & Lift axles ~8,000 Workforce Fab Sector Hydraulic Cylinders 10 Units Manufacturing plants $ 560 Million Railways WIL Car Wheels Ltd $
Slide 6: Journey of Wheels
Journey of Wheels WIL RENEWABLE CAST ALLOY ESTABLISHED CHASSIS AND ENERGY WHEELS PLANT, AT PADI, CONSTRUCTION EARTHMOVER FORGED SUSPENSION COMPONENTS, THERVOY TRACTOR & CHENNAI, PASSENGER EQUIPMENT WHEELS ALLUMINIUM PRODUCTS IRUNGATTUKOTT KANDIGAI, EARTHMOVING TAMIL NADU CAR WHEELS WHEELS – - 1996 W
Slide 7: Manufacturing Capability
Manufacturing Capability Passenger Car / UV Car / UV Wire Wheels CV – Tube type Commercial Vehicle CV - Tubeless Forged Aluminium Wheels Aluminium Wheels Cast Aluminium Wheels Off Road & Tractor Wheels Tractor Construction wheels Air Air Suspension Suspension Lift Axles Fab & Fabrication for CE Hydr
Slide 8: Plant Locations
Plant Locations Padi - CV, TR, LP, EM, AS, WW & Rampur - CV , LP , EM & TR Pune - CV, TR & LP Sriperumbudur - EM, SPDC & FAW AS Namachivayapuram - FAB Pukkathurai - WTC Mambakkam - AS Thervoy Kandigai - CAW Legend CV Commercial Vehicles TR Tractor LP Light Passenger Vehicle EM Earth mover Wheels AS
Slide 9: Key Customers
a) re) @ @ FY end Kubota 2 alt Mahindra = JoHNDEERE A.wcco Swallow swWaRal € @ CAT wonnisy G) cred Ae) anew INDUSTRIAL JOHN DEERE \4@ MARUTI re rnd MS Suzi STP, Cp = Cg PSA +) PSLARIS GD HYUNDAI RENAULT NISSAN TOVOTA —— Mahindra a” el __ i) DAIMLER @scanw~ r=) SCHWARZMULLER ASHOKLeVLANO TO 72) green
Slide 10: Accreditations/Awards
Accreditations/Awards General Motors Supplier Quality Caterpillar Supplier Excellence Overall Performance award Excellence Award 2020 Award 2022 by MSIL ISO 14001: 2015 & IATF 16949 Certification ISO 9001:2015 CERTIFICATION ISO 45001:2018 Certification 10 10
Slide 11: Business Overview
Business Overview WIL a leader in automotive wheels business , operates in two business segments , namely automotive products and industrial products . WIL has the following businesses in its fold ; Automotive wheels division Construction equipment division comprising wheels, fabrications and hy
Slide 12: Sales growth & Export Sales Growth
Sales growth & Export Sales Growth Values in INR Cr Sales growth 4619.03 4344.95 3701.07 2438.72 2215.94 2019-20 2020-21 2021-22 2022-23 2023-24 Export Sales growth 1215.86 1000.65 976.20 566.01 487.75 20.00% 25.54% 27.04% 22.47% 26.32% 2019-20 2020-21 2021-22 2022-23 2023-24 Export Sales % on total
Slide 13: Q4 FY24 (Quarter) Summary Financials
Q4 FY24 (Quarter) Summary Financials Values in INR Cr / % Qua rter ended Key Fi na nci a l s GOLY% Q4 FY 24 Q4 FY 23 Gross revenues 1,167.46 1,172.43 -0.4% EBITDA 96.62 73.69 31.1% Interest 27.13 27.37 -0.9% Depreciation 20.29 17.71 14.6% PBT 49.20 28.61 72.0% PAT 36.83 22.39 64.5% EBITDA % 8.28% 6.
Slide 14: FY 24 Summary Financials
FY 24 Summary Financials Values in INR Cr / % Yea r ended Key Fi na ncia l s GOLY% 31.03.2024 31.03.2023 Gross revenues 4,619.03 4,344.95 6.3% EBITDA 276.35 246.28 12.2% Interest 108.48 95.66 13.4% Depreciation 78.85 68.47 15.2% PBT 89.02 82.15 8.4% PAT 67.87 62.46 8.7% EBITDA % 5.98% 5.67% PBT% 1.9
Slide 15: Segment Revenue – Q4 FY24
Segment Revenue – Q4 FY24 Values in INR Cr / % Segmental Revenue Q4 FY 24 Q4 FY 23 GOLY % Automotive components 952 959 -1% Industrial components 212 209 1% Revenue from operations 1,164 1,168 0% Segmental EBIT Q4 FY 24 Q4 FY 23 GOLY % Automotive components 60.90 46.22 32% Industrial components 15.4
Slide 16: Segment Revenue – FY 24
Segment Revenue – FY 24 Values in INR Cr / % Segmental Revenue 23-24 22-23 GOLY % Automotive components 3,783 3,607 5% Industrial components 824 714 16% Revenue from operations 4,607 4,321 7% Segmental EBIT 23-24 22-23 GOLY % Automotive components 160.21 178.66 -10% Industrial components 37.30 (0.85
Slide 17: Capex
Capex Values in INR Cr 200.81 148.13 141.53 129.63 111.86 2019-20 2020-21 2021-22 2022-23 2023-24 In FY25, we are planning for a Capex outlay of little more than Rs.200 Crs . The broad capex outlays are relating to Energy products machining Cast aluminium wheels Earthmoving & Tractor wheels
Slide 18: Debt Equity
Funding metrics Values in INR Cr/Percentage DEBT Debt Equity 1.26 1.02 1.08 811.06 0.96 755.20 708.52 578.40 609.17 0.93 2019-20 2020-21 2021-22 2022-23 2023-24 2019-20 2020-21 2021-22 2022-23 2023-24 During FY 24 debt has declined by Rs 47 crs Debt equity has dropped further in FY24 111.27 Debt to
Slide 19: ROCE & RONW; Key strategies and focus areas
Key strategies & focus areas, going forward …. Percentage ROCE & RONW Grow exports across automotive wheels, construction equipment and wind turbine sectors Ramp-up cast aluminium wheel business Ramp-up the new facility for machining of large castings Grow the fabrication & hydraulic cylinde
Slide 20: Thank you
Thank you 20