Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — Q1 FY2022-23 Earnings Presentation
29 slides from Samvardhana Motherson International's earnings presentation, Aug 8, 2022
Slide 1: Filing cover letter to stock exchanges
Samvardhana Motherson International Limited (formerly Motherson Sumi Systems Limited) Head Office: C-14 A & B, Sector 1, Noida – 201301 Distt. Gautam Budh Nagar, U.P. India Tel: +91-120-6752100, 6752278, Fax: +91-120-2521866, 2521966, Website: www.motherson.com August 8, 2022 National Stock Exchange
Slide 2: Financial Performance Q1 FY 2022-23
Proud to be part of. Samvardhana Motherson International Limited (Formerly Motherson Sumi Systems Ltd.) Financial Performance Q1 FY 2022-23
Slide 3: Key Highlights
Key Highlights.
Slide 4: Key Highlights for the Quarter
Key Highlights for the Quarter. “Highest ever quarterly revenues”, Major step Acquisition of CIM Uptick in Electric Out-performed industry towards our Tools completed; Vehicle1 sales, whilst navigating Sustainability Aerospace Business Contribution is commitment positioned for Growth ~5% of Revenues
Slide 5: New Vision. New Ambition.
New Vision. New Ambition. “ To be a globally “ We are setting preferred the ambitious sustainable goal of becoming solutions Carbon Net Zero provider ” across our current global operations by 2040 ”
Slide 6: Continued supply chain and geo-political headwinds impeding growth across most Regions
Continued supply chain and geo-political headwinds impeding growth across most Regions…. Europe. North America. Light Vehicles Commercial Vehicles Light Vehicles Commercial Vehicles 11.7% 1.1% -4.9% Global. -7.7% -0.2% 0.0% 0.0% Commercial Vehicle Light Vehicles (key regions) -14.3% 0% China. India.
Slide 7: …together with an inflationary and volatile environment
…together with an inflationary and volatile environment. 2.2 Energy prices1 – Europe Freight costs1 EU & USA Inflation1 (Container price index) (in %) Natural Gas in USD/MMBTU 1.1 1.8 8.0 32.2 32.6 32.1 0.8 6.3 1.1 5.6 4.9 5.1 5.0 7.3 6.1 16.9 8.8 0.0 4.7 6.5 2.9 Mar-2 1 Jun -21 Sep -21 De c-21 Mar-
Slide 8: Green-shoots of recovery seen in the latter part of the quarter
However green-shoots of recovery seen in the latter part of the quarter. Production of passenger vehicles. 7.11 Geopolitical Volume Global. 6.16 Environment Environment 5.49 Apr-22 May-22 Jun-22 Europe. North America. 1.24 1.44 Production disruption caused Semi-conductor 1.31 1.17 by geo-political c
Slide 9: …while navigating inflationary pressures
Revenue outperformed the …while navigating industry growth... inflationary pressures. Revenue1,2,5 EBITDA1,2,3,4 (Rs in Crores) Growth (Rs in Crores) 9.0% YoY / 2.5% QoQ 17,615 2,000 8.3% 17,185 9. 0% 1,800 7.2% 7.2% 7.1% 4 16,118 8. 0% 16,157 1,600 6.5% 7. 0% 1,400 1,341 1,287 1,166 1,151 6. 0% 1,2
Slide 10: Controlled capex spend to conserve cash
Controlled capex spend to Breathe with the Market and conserve cash.. Net Debt increased on account of higher working capital Net Debt1,2 amidst uncertain Capex3 (Rs in Crores) environment (Rs in Crores) 14,00 0 2.1 2,000 80% 1.9 1.9 1,800 67% 70% 2. 0 12,00 0 1,600 54% 1.5 60% 10,00 0 1,400 46% 1,2
Slide 11: Business & Financial Highlights
Business & Financial Highlights.
Slide 12: SAMIL Consolidated
SAMIL (Rs in Crores) Consolidated. Revenues1,4. Growth 9.0% YoY / 2.5% QoQ EBITDA1,2. (Rs in Crores) 2 17,615 8.3% 7.1% 6.5% 17,185 16,157 1,287 65 1,151 1,341 1,222 Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 PBT1,2. PAT1,3. (before exceptional items and share of associates) (Concern Share) 503
Slide 13: SAMIL Standalone
SAMIL Standalone. (Rs in Crores) Growth Revenues1,5. 45.2% YoY / -0.8% QoQ EBITDA1,2,3. (Rs in Crores) 2 1,631 1,618 14.0% 10.5% 12.9% 300 293 1,114 65 14. 0% 250 170 12. 0% 200 144 10. 0% 150 228 8. 0% 6. 0% 100 4. 0% 50 2. 0% - 0. 0% Q1 FY22 Q4 FY22 Q1 FY23 Q1 FY22 Q4 FY22 Q1 FY23 PBT1,3. 500 488
Slide 14: Motherson 2.0: Introducing New Reporting Structure (3+1)
Motherson 2.0 : Introducing New Reporting Structure (3+1). 01. 02. 03. 04. Wiring Vision Modules & Others harness Systems Polymer Products Elastomers Precision Metals & Technology & Lighting & Aerospace Logistics Health & Services Modules Industrial Solutions Electronics Solutions Medical 13 13
Slide 15: Motherson 2.0: Divisional Overview
Motherson 2.0 : Divisional Overview. 02. 25 Modules & countries Polymer 103 facilities 21 01. Products countries 45.7% Wiring 98 facilities harness 29.6% 7.8% 16.9% 10 18 countries 04. 03. countries 67 Others Vision 37 facilities facilities Systems Note: 14 14 Revenue spilt is based on the gross rev
Slide 16: Wiring Harness
Wiring Harness. 15 15
Slide 17: Wiring Harness Division
Wiring Harness Division (Rs in Crores) Revenues1. Growth Business Highlights. 11.5% YoY / 2.3% QoQ • Well poised to gain from increasing content due to the 5,957 6,096 emerging mobility trends 5,468 • Developed high voltage solutions for Electric Passenger Vehicles, Commercial vehicles and 2 wheeler
Slide 18: Modules and Polymer Products
Modules and Polymer products. 17 17
Slide 19: Modules and Polymer Products
Modules and Polymer Products. (Rs in Crores) Revenues1. Growth Business Highlights. 3.1% YoY / 1.7% QoQ • EV revenues continue to grow 9,127 9,413 9,254 • Focus on vertical integration:- New manufacturing setup with cut & sew process. • New tech development for lighting and sensors integration in in
Slide 20: Vision Systems
Vision Systems. 19 19
Slide 21: Vision Systems
Vision Systems. (Rs in Crores) (Rs in Crores) Revenues1. Growth Business Highlights. 5.5% YoY / -4.3% QoQ • Strong order intake during the quarter 3,639 3,482 3,299 • 1/3rd of the new order book2 is for Electric Platforms • Successfully launched Camera Monitoring Systems (CMS) for leading European C
Slide 22: Other Business Division
Other Business Division. 21 21
Slide 23: Other Business Division: Exponential growth potential with large addressable market
Other Business Division Exponential growth potential with large addressable market. Revenue by Segment Q1 FY23 Elastomers, 9.4% Lighting & Electronics, 42.0% 04 Elastomers 05 Lighting & 06 Precision 07 Technology & Precision Electronics Metals & Modules Industrial Solutions Metals and 1,617 Modules,
Slide 24: Other Business Divisions
Other Business Divisions (Rs in Crores) Technology & Lighting & Electronics Industrial Solutions Revenues1,3. Growth Significant new orders won in Q1FY 23, Gradual diversification of customer 8.0% QoQ cementing future growth base 1,617 Growing sales for EV segment in India Revenue from Non-Group cus
Slide 25: Summary of divisional financial performance
Summary of divisional financial performance. SAMIL (Formerly MSSL) Financials Q1 FY23 Amount in INR crores Business Division Revenue* EBITDA EBITDA% Wiring Harness 6,096 483 7.9% Modules & Polymer Products 9,413 481 5.1% Vision Systems 3,482 293 8.4% Others1 1,617 177 10.9% Less: Eliminations/Inters
Slide 26: Debt Status
Debt Status. (Rs in Crores) Net Debt. A. Net Debt. (Consolidated) Rs. In Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Crores Gross 10,745 10,445 11,060 13,457 12,761 12,356 Debt Cash & 5,938 4,287 3,433 4,718 4,993 4,087 Bank 8,739 8,269 7,627 7,768 Net Debt 4,807 6,158 7,627 8,739 7,768 8,269 6,158 4,
Slide 27: Reference Rates and Notes
Reference Rates and Notes. Copper Rates. Notes. 1. This presentation has been prepared from the unaudited financial results for the Average Q1 FY22 Q4 FY22 Q1 FY23 quarter ended on 30th June 2022. Explanatory notes have been added with additional information LME Copper (USD / MT ) 9,711 9,985 9,526
Slide 28: Thank you
Thank you. Safe harbor The contents of this presentation are for informational purposes only and for the reader’s personal non-commercial use. The contents are intended, but not guaranteed, to be correct, complete, or absolutely accurate. This presentation also contains forward-looking statements ba
Slide 29: Summary of Quarterly divisional performance in FY 22
Summary of Quarterly divisional performance in FY 22. (Rs in Crores) Revenues* EBITDA Business Divisions Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY22 FY22 FY22 FY22 FY22 FY22 FY22 FY22 FY22 FY22 Wiring Harness 5,468 5,259 5,256 5,957 21,940 478 508 371 556 1,913 9,127 7,679 9,260 9,254 35,320 698 503 709 538 2,448
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