Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q2 FY16 Earnings Presentation
19 slides from Gabriel India's earnings presentation, Dec 1, 2017
Slide 1: Gabriel India Ltd. Result Update Presentation – Q2FY16
Gabriel India Ltd. Result Update Presentation – Q2FY16
Slide 2: Disclaimer
This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India 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 basis or b
Slide 3: Margin Expansion Continues in H1 FY16
Margin Expansion Continues in H1 FY16 (Rs. Mn) +78 bps -3% 7,362 7,171 8.8% 8.1% EBITDA Margin (%) • Improving volumes in Aftermarket and CV segment enabled marginally Revenue offsetting the impact of lower 2W volumes H1 FY15 H1 FY16 H1 FY15 H1 FY16 • EBITDA Margin at 8.8%, improved by +11% +18% 78
Slide 4: Revenue Mix: Segment and Channel
Revenue Mix 2/3 2/3 Wheelers Wheelers 61% 60% Segment – Mix Commercial Passenger Commercial Passenger Vehicles cars Vehicles cars 12% 28% 13% 27% H1 FY15 H1 FY16 OE OE Channel – Mix 84% 83% Export Exports 4% 4% Aftermarket 12% Aftermarket 13% 4
Slide 5: Industry Accolades
Industry Accolades GIL, Dewas : FICCI Quality System Excellence Award GIL, Khandsa : Gold Trophy in the Excellence in HR for Manufacturing 2015 (Special) Category by ACMA GIL, Dewas : Quality Mark Trust GIL, Nashik : Won West Region HMSI Supplier GIL, Parwanoo : Bronze Award in Award NH circle compe
Slide 6: Highlights
Highlights • CRISIL has upgraded its Credit Rating of Gabriel from “A –” to “AA –” i.e. one notch higher on long term & from “A1” to “A1 +” which is highest rating on short term side • Gabriel India Ltd - Listed as one of the Fortune India’s Next 500 Companies by Fortune India • Gabriel India Ltd –
Slide 7: Profit & Loss Highlights
Profit & Loss Highlights Rs. Mn Q2 FY16 % of Sales Q2 FY15 % of Sales YoY% H1 FY16 % of Sales H1 FY15 % of Sales YoY% Revenue 3,752 100.0% 3,848 100.0% (3%) 7,171 100.0% 7,362 100.0% (3%) Raw Material 2,693 71.8% 2,786 72.4% 5,156 71.9% 5,330 72.4% Employee Expenses 285 7.6% 270 7.0% 550 7.7% 533 7.
Slide 8: Balance Sheet Highlights
Balance Sheet Highlights Rs. Mn Sep-15 Mar-15 Rs. Mn Sep-15 Mar-15 Shareholder’s Fund 3,544 3,254 Non-current assets 2,973 2,958 Share capital 144 144 Fixed assets 2,676 2,708 Reserves & Surplus 3,400 3,111 Long-term loans and advances 233 226 Non-current liabilities 279 260 Other non-current assets
Slide 9: Quarterly Performance Trend
Quarterly Performance Trend Revenue EBITDA EBITDA Margin% (Rs.Mn) 3,845 329 8.8% 3,752 308 8.2% 8.3% 3,595 288 284 283 8.0% 8.0% 3,484 3,419 Q2FY15 Q3FY15 Q4FY15 Q1FY16 Q2FY16 Q2FY15 Q3FY15 Q4FY15 Q1FY16* Q2FY16 Q2FY15 Q3FY15 Q4FY15 Q1FY16* Q2FY16 PBT Before Exceptional Item & Margin (%) 300 6.7% 6.
Slide 10: Improving Dividend Profile
Improving Dividend Profile Dividend Per Share (Rs.) 1.05 • Continuous Dividend 0.85 since 1998 0.75 • Improving Dividend 0.5 0.5 Payout Ratio 0.45 • Declared Interim Dividend of Rs. 0.45 per share, amounting to 45% FY11 FY12 FY13 FY14 FY15 YTD FY16 of Face Value 15% 21% 32% 33% 31% Pay out Ratio 10
Slide 11: Business Overview
Business Overview 11 Head Office, Pune, India
Slide 12: An Introduction
An Introduction Incorporation of Company, Gabriel India, in 1961 No “OE” accounts for more than 20% of sales Pioneer of Ride Control Products in the country Established significant presence in all channels of automotive sale, OE, Aftermarket and Exports “Golden Peacock Well diversified OEM Customer
Slide 13: Pioneer of Ride Control Products…
Pioneer of Ride Control Products… Commercial Vehicle & 2/3 Wheeler Passenger Car Railways Front Forks McPherson Struts Shock Absorbers Hydraulic Shock Gas Shock Absorbers Cabin Dampers Absorbers Gas Shock Absorbers Cartridges Seat Dampers AFTER MARKET ACROSS ALL SEGMENTS 13
Slide 14: ……With Diversified Revenue-Mix
……With Diversified Revenue-Mix Sales (Rs. Mn) Segment - Wise – H1 FY16 14,441 2/3 Wheelers 12,745 60% 11,960 11,153 9,617 Passenger Commercial cars Vehicles 27% 7,171 13% 6,883 Channel - Wise - H1 FY16 Aftermarket OE 13% 83% FY10 FY11 FY12 FY13 FY14 FY15 H1FY16 Exports 4% 14
Slide 15: Strategic Manufacturing Footprint
Strategic Manufacturing Footprint Ashok Leyland SML Isuzu Honda Cars GIL Presence Tata Motors Honda Motorcycles TVS Motors GIL Plants ICML Yamaha India Parwanoo Maruti Suzuki GIL Satellite Locations Suzuki Motorcycles Khandsa AMW Sanand Dewas GM Tata Motors Nashik Hindustan Motors Honda Motorcycles
Slide 16: Going Ahead
Going Ahead 16 Head Office, Pune, India
Slide 17: Strategy to grow…
Strategy to grow… - Debt Reduction - BEP Reduction - Simplification TECHNOLOGY & - Automation INNOVATION EFFICIENCY IMPROVEMENT - R & D Focus - Sustainable Manufacturing - Innovation Culture SALES GROWTH - Exports Focus - In Organic Growth - Global Manufacturing Footprint - Customer Focus 17
Slide 18: …With SBU Approach
…With SBU Approach SBU Structure for focused approach • Created Strategic Business Units for each automotive segment : 2Wheelers/ 3Wheelers, Passenger Cars & Commercial Vehicles / Railways and After-Market Channel • To derive benefits in • Customer & Product Focus • Export Push • After market expans
Slide 19: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Rajendran Arunachalam Ms. Sanjita Ghosh / Mr. Shogun Jain rajendran.arunachalam@gabriel.co.in gsanjita@s