Fiem Industries Limited · NSE:FIEMIND
Fiem Industries — H1FY25 Earnings Presentation
50 slides from Fiem Industries's earnings presentation, Nov 13, 2024
Slide 1: Cover letter to NSE: 2QFY25 Earning Call Presentation
November 13, 2024 The Manager, Listing Department, National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex Bandra (East), Mumbai -400051 Dear Sir, Sub: 2QFY25 Earning Call – Presentation Ref: Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2
Slide 2: Fiem Industries Investor Presentation H1FY25
S FIEM INDUSTRIES LTD. Cm , Piean Investor Presentation _@m\s LIGHT UP THE WORLD H1FY25
Slide 3: Executive Summary
EXECUTIVE SUMMARY Overview • Fiem Industries Ltd. (FIEM) was founded and incorporated in 1989 by Mr. J.K. Jain. • The Company was listed on BSE and NSE in 2006. • FIEM is one of the leading manufacturers of Automotive Lighting & Signalling Equipment's and Rear View Mirrors in India. FIEM is among fi
Slide 4: Financial Summary (Standalone)
FINANCIAL SUMMARY (STANDALONE) Turnover (Net) Rs. in million 25,000 20,144 20,000 18,340 15,577 14,340 13,662 15,000 12,075 10,000 5,000 0 FY19 FY20 FY21 FY22 FY23 FY24 FY24 Segment wise FY24 Revenue Breakup Automotive FY24 Revenue Breakup Automotive FY24 Revenue Breakup Automotive Sales Breakup Seg
Slide 5: Financial Summary (Standalone) H1FY25
FINANCIAL SUMMARY (STANDALONE) H1FY25 Segment wise H1FY25 Revenue Breakup H1FY25 Revenue Breakup H1FY25 Revenue Breakup Sales Breakup Automotive Segment Automotive Segment - OEMs / Automotive Segment - 2 - Product Mix Repl. Market / Exports Wheeler / 4 Wheeler 5.16% 2.69% 0.24% 5.80% 1.41% 10.41% 31
Slide 6: Financial Summary (Standalone) Q2FY25
FINANCIAL SUMMARY (STANDALONE) Q2FY25 Segment wise Q2FY25 Revenue Breakup Q2FY25 Revenue Breakup Q2FY25 Revenue Breakup Sales Breakup Automotive Segment - Product Mix Automotive Segment - OEMs / Automotive Segment - 2 Repl. Market / Exports Wheeler / 4 Wheeler 5.33% 2.32% 0.12% 5.63% 1.13% 10.12% 31
Slide 7: Company Overview
6 • The Company was originally incorporated in India as Rahul Auto Private Limited on February 6, 1989 in New Delhi and was founded by Mr. J.K. Jain, who is a first generation entrepreneur and is in the automotive lighting business since 1970’s. • FIEM is one of the leading manufacturers of automoti
Slide 8: Promoters & Whole Time Directors
PROMOTERS & WHOLE TIME DIRECTORS Mr. J. K. Jain Mr. Rahul Jain Mrs. Seema Jain Ms. Aanchal Jain Chairman & Managing Director Joint Managing Director Whole-time Director Whole-time Director Aged 72 years, he is the Chairman and Managing Aged 37 years, he was inducted on the Aged 70 years, she is the
Slide 9: Promoters & Whole Time Directors
PROMOTERS & WHOLE TIME DIRECTORS Mr. Rajesh Sharma Mr. Vineet Sahni Mr. Kashi Ram Yadav Joint Managing Director CEO & Director Whole-time Director Aged 61 Years, he joined the Company in Aged 59 years, he is a veteran and an inspirational business leader in Aged 68 years, he is the Whole-time Septem
Slide 10: Fiem Journey
FIEM JOURNEY 2018 - 2020 2015-2017 2007-2013 1996-2006 1989-1994 • 2018 – Joint Venture with • 2015 – Starting receiving Tenders Aisan Industry Co. Ltd., Japan from EESL for LED Bulbs and and Toyota Tsusho India Pvt. Street Lights. Ltd. for manufacture of Fuel • 2016 – Unit -9, Ahmedabad Pump Module
Slide 11: Fiem Group of Companies
wy LIGHT UP THE WORLD FIEM GROUP OF COMPANIES Design Centre Chinchwad, Pune (Maharashtra) R&D & Testing Centre ‘Mfg. Unit-Vil, (Rai, Sonepat, Haryana) FIEM KYOWA (HK) MOULD COMPANY LTD., HONGKONG Electronics R&D Centre, Mansarover Garden, New Delhi Design Centre, Mfg. Unit-Il, Hosur (Tamil Nadu) > —
Slide 12: Govt. Approved R&D Centre
GOVT. APPROVED R&D CENTRE • FIEM’s state of the art R&D Centre offers its clients design and development capabilities in Automotive Lighting & Signalling Equipments and Rear View Mirrors which meet the specifications of the clients requirements. • Government of India, Ministry of Science and Technol
Slide 13: Automotive LED Light Journey
AUTOMOTIVE LED LIGHT JOURNEY 12
Slide 14: Product Range
PRODUCT RANGE 13
Slide 15: Product Range
PRODUCT RANGE MY LIGHT UP THE WORLD
Slide 16: Harley-Davidson & Hero MotoCorp Launched in India
HARLEY-DAVIDSON & HERO MOTOCORP LAUNCHED IN INDIA LED HEAD LAMP by FIEM LED TAIL LAMP by FIEM 15
Slide 17: Product Range
PRODUCT RANGE @YAMAHA
Slide 18: Product Range
PRODUCT RANGE Wy LIGHT UP THE WORLD S$ SUZUKI
Slide 19: Product Range
LIGHT UP THE WORLD l/ ° PRODUCT RANGE MY
Slide 20: Product Range
PRODUCT RANGE we LIGHT UP THE WORLD HARLEY-DAVIDSON
Slide 21: Product Range
LIGHT UP THE WORLD l/ ° PRODUCT RANGE MY (Sirraccio
Slide 22: Fiem Advantage
STRONG CLIENT BASE MANUFACTURING EDGE...COST SAVING TO • FIEM has a strong client base of more than 50 OEMs THE CUSTOMERS and is supplying to its prestigious customers since their • State-of-the-art manufacturing facilities located close to inception. the OEM Customers offering Logistic cost saving
Slide 23: Accolades Received
ACCOLADES RECEIVED Award for Strong Effort for Cost Reduction for the year 2022-23 From Honda Motorcycle & Scooter India. 22
Slide 24: Accolades Received
ACCOLADES RECEIVED Consistent Quality Performance Award for the year 2021-22 from TVS Motor Company Limited 23
Slide 25: Accolades Received
ACCOLADES RECEIVED Award for Best Cost Improvement for the year 2024 from Suzuki Motorcycle India Pvt. Ltd. 24
Slide 26: Accolades Received
ACCOLADES RECEIVED Certificate of Excellence for Best Best Performance Award for Special Support in Delivery Award from Escorts Kubota Limited - 2024 Performance Quality for the year 2022 from Kubota for the year 2021 from Kubota 25
Slide 27: Accolades Received
ACCOLADES RECEIVED Appreciation Award - 2023 from Hyundai Motor India 26
Slide 28: Accolades Received
ACCOLADES RECEIVED Award for ‘Excellence Performance in Quality Metrics’ for the year 2022 from Daimler India Commercial Vehicles. 27
Slide 29: Accolades Received
ACCOLADES RECEIVED Appreciation Award for Special Support for the year 2021-22 from Yamaha Motor India Group 28
Slide 30: Accolades Received
ACCOLADES RECEIVED Global Award for Excellence in Technology and Development from Yamaha Motor Co., Ltd. Japan-2019 In recognition of outstanding achievement in the development of advanced technology in 2018 development of the "World's Smallest Bi-Function Lighting Module for Two-wheelers' with PES
Slide 31: Accolades Received
ACCOLADES RECEIVED Global Contribution Award, 2020 from Yamaha Motor Co., Ltd. Japan “ In recognition of your outstanding achievement in global business operations and positive reinforcement of competitiveness in 2019, thereby realizing MONOZUKURI procurement and significantly improving the producti
Slide 32: Accolades Received
ACCOLADES RECEIVED Appreciation Award for Development and Shipping Control 2018 from India Yamaha Motor Pvt. Ltd.-2019 31
Slide 33: Accolades Received
ACCOLADES RECEIVED Performance Award (Cost Reduction) for year 2018-19 from Suzuki Motorcycle India Pvt. Ltd-2019 32
Slide 34: Accolades Received
ACCOLADES RECEIVED Award for Delivery Management 2019-20 from Honda Motorcycle and Scooter India Pvt. Ltd. 33
Slide 35: Accolades Received: More than 50+ Awards Since 1991
ACCOLADES RECEIVED MORE THAN 50+ AWARDS SINCE 1991 34
Slide 36: Automotive Lights
AUTOMOTIVE LIGHTS FIEM is one of the most renowned names in Automotive Lightings & Signalling Equipments with Automotive Light Contribution (Rs. In mn) the history of around four decades. The company is associated with some of the most prestigious 16,000 14494 OEM customers in India. 13,127 14,000 •
Slide 37: Rear View Mirrors
REAR VIEW MIRRORS • Rear-View Mirror – FIEM has 6 state-of-the-art mirror manufacturing plants in its different units having all the processes in-house which includes: Rear View Mirror Contribution (Rs. In mn) • Mirror Plate Making - Profile cutting, Washing, Grinding, Convexing, 3,000 • Cleaning, A
Slide 38: Plastic Moulded Parts
PLASTIC MOULDED PARTS • Plastic Moulded Parts – Plastic moulding is integral part of automotive lighting as well as rear view mirrors, as these parts are required to make final assembly of all the products. Plastic Moulded Parts Contribution (Rs. In mn) • FIEM has installed world class more than 450
Slide 39: Others
OTHERS Others Automotive Segment Include items contributing less than 10% of Total Sale, mainly includes Fabrication items, Canister, Bank Angle Sensor etc. Others Contribution (Rs. In mn) • Sheet Metal Parts (fabrication Item) – FIEM has full fledged sheet metal fabrication facilities as 1800 8 wel
Slide 40: Our Customers
OUR CUSTOMERS H1FY25 and FY24 Top Clientele Contribution – Automotive Segment H1FY25 HONDA TWO WHEELER 10.92% TVS MOTOR COMPANY 3.88% 29.37% 5.80% INDIA YAMAHA SUZUKI MOTORCYCLE 9.03% REPLACEMENT MARKET EICHER ROYAL ENFIELD 14.09% OTHER CUSTOMERS 26.91% FY24 HONDA TWO WHEELER 11.05% TVS MOTOR COMPAN
Slide 41: Our Customers
OUR CUSTOMERS Q2FY25 and Q1FY25 Top Clientele Contribution – Automotive Segment Q2FY25 HONDA TWO WHEELER 9.58% 4.70% TVS MOTOR COMPANY 28.76% 5.63% INDIA YAMAHA SUZUKI MOTORCYCLE 8.92% REPLACEMENT MARKET EICHER ROYAL ENFIELD 14.07% OTHER CUSTOMERS 28.34% Q1FY25 HONDA TWO WHEELER 12.34% TVS MOTOR COM
Slide 42: LED Display Systems
LED DISPLAY SYSTEMS • Integrated Passenger Information System with LED Display (IPIS or PIDS) is an electronic information system which LED Integrated Passenger Information System provides real-time passenger information. Railway • Passenger information delivered in relevant locations along the bus
Slide 43: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT Particulars (INR Mn) FY20 FY21 FY22 FY23 FY24 H1FY25 Total Income (Net of GST and Includes other Income) 13,812 12,243 15,749 18,589 20,447 11,970 Expenses 12,226 10873 13,783 15,995 17,600 10,308 EBITDA (Including Other Income) 1,586 1370 1,966 2,594 2,847 1,662 EBITDA
Slide 44: Consolidated Balance Sheet Highlights (As per Ind-AS)
CONSOLIDATED BALANCE SHEET HIGHLIGHTS (AS PER IND-AS) Particulars (INR Mn) 31.03.23 31.03.24 30.09.24 Particulars (INR Mn) 31.03.23 31.03.24 30.09.24 ASSETS EQUITY AND LIABILITIES A. EQUITY I. NON CURRENT ASSETS Equity Share Capital 132 263 263 a) Property, Plant and Equipment 4,609 4,640 4,819 Othe
Slide 45: Standalone Income Statement
STANDALONE INCOME STATEMENT Particulars (INR Mn) FY20 FY21 FY22 FY23 FY24 H1FY25 Total Income (Net of GST and Includes other Income) 13,787 12243 15,749 18,588 20,438 11,970 Expenses 12,203 10871 13,789 16,002 17,599 10,310 EBITDA (Including Other Income) 1,584 1,372 1,960 2,586 2,839 1,660 EBITDA M
Slide 46: Standalone Balance Sheet Highlights (As per Ind-AS)
STANDALONE BALANCE SHEET HIGHLIGHTS (AS PER IND-AS) Particulars (INR Mn) 31.03.23 31.03.24 30.09.24 Particulars (INR Mn) 31.03.23 31.03.24 30.09.24 ASSETS EQUITY AND LIABILITIES I. NON CURRENT ASSETS A. EQUITY Equity Share Capital 132 263 263 a) Property, Plant and Equipment 4, 604 4,630 4,807 Other
Slide 47: Standalone Financial Overview
STANDALONE FINANCIAL OVERVIEW REVENUE (Rs. In mn) EBITDA (Rs. In mn) Excluding Other Income 25,000 3,000 2,680 20,278 2,478 18,480 2,500 20,000 15,723 1,934 14,449 2,000 15,000 13,770 12,209 1,553 1,558 1,500 1,306 10,000 1,000 5,000 500 0 0 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY2
Slide 48: Standalone Financial Overview
STANDALONE FINANCIAL OVERVIEW GROSS BLOCK (Rs. In mn) LONG TERM LOANS (Rs. In mn) 10,000 9,833 1,400 1,300 9,800 9,735 1,200 9,600 9,411 9,400 9,282 1,000 920 9,171 9,200 800 9,000 8,800 600 508 8,612 8,600 400 8,400 205 200 8,200 0 0 8,000 0 FY19 FY20 FY21 FY22 FY23 FY24 FY19 FY20 FY21 FY22 FY23 FY
Slide 49: Standalone Financial Overview
STANDALONE FINANCIAL OVERVIEW ROCE & ROE BOOK VALUE PER SHARE 400 366 30.00% 25.08% 24.96% 350 25.00% * 19.62% 289 16.63% 300 20.00% 16.54% * 246 19.85% 20.16% 250 * * 218 15.00% 11.66% * 201 14.92% 15.60% 200 181 10.00% 11.64% 150 5.00% 8.55% 100 0.00% 50 FY19 FY20 FY21 FY22 FY23 FY24 0 ROCE ROE FY
Slide 50: Safe Harbor Disclaimer
SAFE HARBOR DISCLAIMER : This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securiti