Cie Automotive India Ltd · NSE:CIEINDIA
Cie Automotive India — Mahindra CIE Automotive — Q3 CY2020 Earnings Presentation
29 slides from Cie Automotive India's earnings presentation, Oct 20, 2020
Slide 1: Cover letter to stock exchanges
al,indra C / E Mahindra CIE Automotive Ltd Mahindra Towers, 1st Floor, Dr. G. M. Bhosale Marg, Worli, Mumbai 400 018, India Tel: +91 22 24931449 Fax: +91 22 24915890 www.mahindracie.com mcie .inves tors@cie-india.com 20 th October, 2020 BSE Limited National Stock Exchange of India Limited Corporate
Slide 2: Q3 and 9 Months CY20 Results
Q3 and 9 Months CY20 Results 20th October 2020 │ Mumbai 1
Slide 3: Disclaimer
Di5claimer Ma hindra CIE Automot ive Li mit ed, herein ref erred to as MCAL provides a w ide array of present at ions and reports, w ith t he cont ri but io ns of various professionals. These present at ions and reports are for info rmational purposes and privat e circulat ion only and do not const
Slide 4: MCIE Overview
MCIE OVERVIEW LEGAL STRUCTURE CIE through its subsidiaries 60.18% In September 2020, CIE increased its stake in MCIE from 58.02% to 60.18% 3
Slide 5: MCIE India Q CY Results
MCIE INDIA Q 3 C Y 2 0 2 0 R E S U LT S Financial Update Market Update (Production) (INR Mio) Jul-Sep Change Jul-Sep Apr-Jun Jul-Sep 2020 Jul-Sep 2020 2020 2019 2020 v/s Jul-Sep 2019 v/s Apr-Jun 2020 SALES 8,189 -4% 8,509 2,523 Pass Cars -6.0% 474.2% LCV -7.7% 433.2% EBITDA (*) 1,116 0% 1,111 -324 <
Slide 6: MCIE Europe Q CY Results
MCIE EUROPE Q 3 C Y 2 0 2 0 R E S U LT S Financial Update Market Update (Production) (INR Mio) Jul-Sep Change Jul-Sep Apr-Jun 2020 2019 2020 Source: IHS Global SALES 8,192 -12% 9,340 4,590 Jul-Sep 2020 Jul-Sep 2020 EBITDA (*) 814 -24% 1,074 -461 v/s Jul-Sep 2019 v/s Apr-Jun 2020 Light Vehicles -8.0%
Slide 7: MCIE Consolidated Q CY Results
MCIE CONSOLIDATED Q 3 C Y 2 0 2 0 R E S U LT S (INR Mio) Jul-Sep 2020 Change Jul-Sep 2019 Apr-Jun 2020 SALES 16,381 -8% 17,850 7,113 EBITDA (*) 1,929 -12% 2,186 -785 EBITDA% 11.8% 12.2% -11.0% EBIT (*) 1,080 -23% 1,396 -1,303 EBIT % 6.6% 7.8% -18.3% EBT 937 -22% 1,198 -1,470 EBT% 5.7% 6.7% -20.7% (*
Slide 8: MCIE India M CY Results
MCIE INDIA 9 M C Y 2 0 2 0 R E S U LT S Financial Update Market Update (Production) (INR Mio) Jan-Sep 2020 Change Jan-Sep 2019 Jan-Sep 2020 v/s Jan-Sep 2019 SALES 18,152 -29% 25,529 Pass Cars -35.2% Source: SIAM LCV -45.0% EBITDA (*) 1,762 -51% 3,622 <6T -36.6% EBITDA% 9.7% 14.2% Tractors -6.8 EBIT
Slide 9: MCIE Europe M CY Results
MCIE EUROPE 9 M C Y 2 0 2 0 R E S U LT S Financial Update Market Update (Production) (INR Mio) Jan-Sep 2020 Change Jan-Sep 2019 Jan- Sep 2020 Source: IHS Global SALES 21,376 -36% 33,500 v/s EBITDA (*) 1,253 -70% 4,232 Jan-Sep 2019 EBITDA% 5.9% 12.6% Passenger Vehicles -30.2% EBIT (*) 287 -90% 3,014
Slide 10: MCIE Consolidated M CY Results
MCIE CONSOLIDATED 9 M C Y 2 0 2 0 R E S U LT S (INR Mio) Jan-Sep 2020 Change Jan-Sep 2019 SALES 39,528 -33% 59,028 EBITDA (*) 3,015 -62% 7,853 EBITDA% 7.6% 13.3% EBIT (*) 833 -85% 5,480 EBIT % 2.1% 9.3% EBT 341 -93% 5,063 EBT% 0.9% 8.6% (*) EBITDA: Net Operating Income + Depreciation, EBIT: EBT + fi
Slide 11: Other Details
OTHER DETAILS OTHER OPERATING REVENUE, OTHER INCOME AND EXCHANGE RATES For Q3 CY20 For 9M CY20 (INR Mio) India Europe Consolidated India Europe Consolidated Other Operating Revenue 371 539 910 877 868 1745 Other Income 41 379 420 226 422 648 Exchange Rates Period INR/ Euro Average for Q3 CY20 86.25
Slide 12: Market and Forecasts
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Slide 13: India Market: Key Segments Update - Quarterly
INDIA MARKET: KEY SEGMENTS UPDATE - QUARTERLY DEMAND RETURNING? Market - Production Numbers Cars+UV’s+Vans <6T Vehicles** Tractors Two Wheelers Period Units Δ% Units Δ% Units Δ% Units Δ% 9M CY20 1,766,748 -35.2 2,015,453 -36.6 555,198 -6.8 11,195,984 -34.4 Q3 CY20 785,550 -6.0 904,291 -6.3 266,311 2
Slide 14: Market Outlook - India
MARKET OUTLOOK - INDIA • Passenger Vehicles ₋ Light Vehicles (less than 6 Tons – European Classification) Short Term: IHS forecasts production growth at a –28.2% between CY2019-CY 2020 Long term: IHS forecasts production growth at a CAGR of 10.7% over a period of 2020-2025 “CRISIL Research expects d
Slide 15: Europe Market Update - Quarterly
EUROPE MARKET UPDATE - QUARTERLY MARKET SLIDING Market - Production Numbers - Light Vehicles Period Mn Units Δ% 9M CY 2020 11.0 -30.2% Q3 CY 2020 4.2 -8.0 Q2 CY 2020 2.2 -61.0 Q1 CY 2020 4.6 -17.9 Source: IHS Global *Δ% Change means comparison of Quarter volumes of this financial year with that of t
Slide 16: Market Outlook - Europe
MARKET OUTLOOK - EUROPE • EU – Light Vehicles: ‒ IHS Global has forecasted that the Passenger Vehicle production will decline in CY20 by 23% as compared to CY19 ‒ But will grow at a strong pace of 5.1% CAGR between C20 to C25 • EU – MHCV’s: ‒ IHS Global has forecasted* that the Europe (Western + Eas
Slide 17: Annexure - SEBI Results
ANNEXURE - SEBI RESULTS . . ® ee.
Slide 18: Statement of Profit & Loss Account - Standalone
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S - S TA N D A L O N E Rs. in Million STANDALONE Quarter Ended Nine Months Ended Year Ended September 30, 2020 June 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 December 31, 2019 Particulars Un Audited Un Audited Un Audited
Slide 19: Statement of Profit & Loss Account - Standalone Cont'd
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S - S TA N D A L O N E C O N T ’ D . . Rs. in M illion STANDALONE Quarter Ended Nine M onths Ended Year Ended September 30, 2020 June 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 December 31, 2019 Particulars Un Audited Un
Slide 20: Statement of Profit & Loss Account - Consolidated
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S - C O N S O L I D AT E D Rs. in Million Consolidated Quarter Ended Nine Months Ended Year Ended Particulars September 30, 2020 June 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 December 31, 2019 Un Audited Un Audited Un A
Slide 21: Statement of Profit & Loss Account - Consolidated Cont'd
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S - C O N S O L I D AT E D C O N T ’ D . Rs. in Million Consolidated Quarter Ended Nine Months Ended Year Ended Particulars September 30, 2020 June 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 December 31, 2019 Un Audited U
Slide 22: Statement of Profit & Loss Account - Consolidated Cont'd
S TAT E M E N T O F P R O F I T & L O S S A C C O U N T S - C O N S O L I D AT E D C O N T ’ D . . Rs. in M illion Consolidated Quarter Ended Nine M onths Ended Year Ended Particulars September 30, 2020 June 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 December 31, 2019 Un Audit
Slide 23: Segment Revenue Results
S E G M E N T R E V E N U E R E S U LT S Rs. in Million CONSOLIDATED Quarter Ended Nine Months Ended Year Ended September 30, 2020 June 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 December 31, 2019 Un Audited Un Audited Un Audited Un Audited Un Audited Audited Particulars (Refe
Slide 24: Segment Revenue Results Cont'd
S E G M E N T R E V E N U E R E S U LT S C O N T ’ D … Rs. in Million CONSOLIDATED Quarter Ended Nine Months Ended Year Ended September 30, 2020 June 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019 December 31, 2019 Un Audited Un Audited Un Audited Un Audited Un Audited Audited Par
Slide 25: Notes
NOTES Notes: 1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act, 2013 and other recognized accounting practices and policies to the extent applicable. 2 In September 2018, the Board o
Slide 26: Notes Cont'd - Exceptional items
NOTES CONT’D… 6 Exceptional items Year Ended Quarter and Nine Year Ended Quarter and Nine Months Ended Months Ended Consolidated Consolidated Standalone Standalone S.no. Particulars December 31, 2019 September 30, 2019 December 31, 2019 September 30, 2019 a) Excess provision reversed due to settleme
Slide 27: Notes Cont'd
NOTES CONT’D… 9 The spread of COVID-19 had severely impacted businesses in many countries, including India and there had been severe disruption to regular business operations due to various restrictions. The Group resumed its operations across India in a phased manner as the Government of India prog
Slide 28: Annexure A - Subsidiaries and Associate Companies
NOTES CONT’D… Annexure A - Subsidiaries forming part of the M ahindra CIE Automotive Limited (M CIE) Group and its Associate Companies S. No. Name of the entity Relationship % of Holding Country of Incorporation June 30, 2020 1 Stokes Group Limited (SGL) Subsidiary of M CIE 100% UK 2 Stokes Forgings
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