Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q2 FY2020 Earnings Presentation
59 slides from Lumax Auto Technologies's earnings presentation, Nov 13, 2019
Slide 1: Submission of Investor Presentation to exchanges
LUMftX LATL:CS:IP:2019-20 Date: 13.11.2019 BSE Limited The National Stock Exchange of India Limited Phiroze Jeejeebhoy Listing Department Towers, Dalal Street, Exchange Plaza, C-1 Block G, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Mumbai-400051 Company Code: 532796 Company Code: LUMAXTECH Su
Slide 2: Investor Presentation – November 2019
Lumax Auto Technologies Limited Investor Presentation – November 2019
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 14 Entities in 8 States 29 Manufacturing Facilities 4 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 3
Slide 5: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY19 Revenue of Rs. 3,370 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Shift Tower, Seat Structures, LED Lighting, Aftermarket, Telematics Products and Se
Slide 6: Purpose, Vision & Values
Purpose, Vision & Values LUMAX # 1K JAIN sna manna OUR GROUP OUR VALUES OUR VISION PURPOSE Resovect Buising vt admired We celiver . high performance ; Integrity pride gnty phal orqarisetion ir and Passion whom all scekebalde = progress ‘ veh Excellence Lee apen ee a positivity * x LUMAX — ral
Slide 7: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV 6
Slide 8: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 7
Slide 9: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 50% 37.5% in Lumax 78.72% in SL Lumax in Lumax Cornaglia Auto Industries Limited L
Slide 10: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence JAPAN ISRAEL SPAIN EXCLUSIVE DISTRIBUTORSHIP JV FOR SALE OF TELEMATICS JV FOR OXYGEN SENSORS AGREEMENT PRODUCTS AND SERVICES Relationship Since 2014 Relationship Since 2017 50% in Relationship Since 2017 49% in Lumax Lumax Ituran Telematics Pvt. Ltd. FAE
Slide 11: 29 Locations close to Customers
29 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 3 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Uttarakhand Haridw
Slide 12: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer ▪ A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team ▪ Environment-conscious work ▪ Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 13: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 12
Slide 14: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 15: Lumax Auto Technologies Limited: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 16: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Intake Systems, Integrated Plastic
Slide 17: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 18: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Allied
Slide 19: Milestones
Milestones 2017: Chakan plant received TPM excellence award from JIPM Formed a JV with Ituran Location 2018: Setup an R&D center and Control Limited, Israel to under Lumax Cornaglia Auto provide Telematics Products and Technologies Pvt Limited at Services Pune Formed a JV with FAE, Spain to manufact
Slide 20: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 50% 55% 100% 100% Lumax Cornaglia Lumax Gill-Austem Lumax Mannoh Lumax Management Lumax Integrated Auto Technologies Auto Technologies Allied Technologies Services Pvt Limited Ventures Limited Pvt Limited Pvt Limited Limited June 2
Slide 21: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence USA Italy Japan Korea JV for Seat Frames, JV for Emission Systems JV for Gear Shifters Structures and Mechanism Relationship Since 2007 Relationship Since 2008 Relationship since 2013 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied 50% in Lumax Gil
Slide 22: Cater to Diversified Segments
Cater to Diversified Segments ✓ Lighting Module(incl. ✓ Gear Shift Lever ✓ Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) ✓ Gear Shift Tower ✓ Gear Shift Lever ✓ Chassis for 2-wheelers ✓ Intake Systems ✓ Seat Structures ✓ Fabricated parts for 3- ✓ Seat Structures
Slide 23: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 22
Slide 24: Strategic Locations Close to Customers
Strategic Locations Close to Customers Pantnagar (UK) Manesar (HR) No of Plants: 1 No of Plants: 2 Lighting Integrated Plastic Products Modules Products Painted Parts Gear Shifters Domestic Trading Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH) Mehsana (GJ) No of
Slide 25: Share Holding as of 30th September, 2019
Share Holding as of 30th September, 2019 Shareholding breakup Others 20.85% Institutions Promoters 23.27% 55.88% 24
Slide 26: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 44 years of age & is a Business ▪ He is 76 years of age & holds a MBA ▪ He is 40 years of age & holds Bachelors Graduate from Illinois Institute of degree from Delhi university & h
Slide 27: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. K K Gandhi Mr. A P Gandhi ▪ He is 67 years of ▪ She is 45 years of ▪ He is 60 years of age ▪ He is 73 years of age • He is 80 years old & is a ▪ He is 68 years of age & age & holds B.A.
Slide 28: Professional & Experienced Team
Professional & Experienced Team Mr. Naval Khanna Mr. Sanjay Mehta Mr. Atul Jain Mr. Vikas Marwah Corporate Head – Taxation Director & Group CFO Chief Strategy Officer Corporate Head - Materials Age: 62 years Age: 52 years Age: 51 years Age: 49 years Experience: 42 years Experience: 28 Years Experien
Slide 29: Professional & Experienced Team
Professional & Experienced Team Mr. Rajesh Dubbewar Mr. Vivek Jakhmola Mr. Sanjay Bhagat Head Metallic Head Body & Trim and Emission Head After Market Age: 52 years Age: 44 years Age: 53 years Experience: 31 years Experience: 22 years Experience: 28 years Mr. Ashish Dubey Mr Anil Tyagi Chief Financi
Slide 30: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 31: Financial Performance
LUMNAX Financial Performance
Slide 32: Product-wise Revenue Q2 FY20
Product-wise Revenue Q2 FY20* Product-wise Revenue mix Q2 FY19 Product-wise Revenue mix Q2 FY20 (Rs. 315 Crores) (Rs. 294 Crores) Other Misc Other Misc Intake Lighting Intake Lighting 7% 9% Systems 12% Systems 13% 4% 4% Chasis Chasis 13% 16% Integrated Gear Plastic Gear Integrated Shifters Modules S
Slide 33: Product-wise Revenue H1 FY20
Product-wise Revenue H1 FY20* Product-wise Revenue mix H1 FY19 Product-wise Revenue mix H1 FY20 (Rs. 594 Crores) (Rs. 581 Crores) Other Misc Other Misc Intake Lighting Intake Lighting 7% 9% Systems 12% Systems 13% 4% 4% Chasis Chasis 12% 17% Gear Integrated Integrated Shifters Plastic Gear Plastic 1
Slide 34: Segmental Revenue Break-Up Q2 FY20: Sales Channel
Segmental Revenue Break-Up Q2 FY20: Sales Channel* Sales Channel Q2 FY19 Sales Channel Q2 FY20 (Rs. 315 Crores) (Rs. 294 Crores) 16% 18% 84% 82% OEM After Market OEM After Market *Performance highlights excludes Discontinued Operations of PCB business 33
Slide 35: Segmental Revenue Break-Up H1 FY20: Sales Channel
Segmental Revenue Break-Up H1 FY20: Sales Channel* Sales Channel H1 FY19 Sales Channel H1 FY20 (Rs. 594 Crores) (Rs. 581 Crores) 16% 17% 84% 83% OEM After Market OEM After Market *Performance highlights excludes Discontinued Operations of PCB business 34
Slide 36: Segmental Revenue Break-Up Q2 FY20: Category
Segmental Revenue Break-Up Q2 FY20: Category* Category Q2 FY19 Category Q2 FY20 (Rs. 315 Crores) (Rs. 294 Crores) 8% 3% 7% 6% 49% 18% 16% 51% 21% 21% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others *Performance highlights excludes Discontinued Operat
Slide 37: Segmental Revenue Break-Up H1 FY20: Category
Segmental Revenue Break-Up H1 FY20: Category* Category H1 FY19 Category H1 FY20 (Rs. 594 Crores) (Rs. 581 Crores) 6% 4% 7% 7% 16% 17% 50% 51% 21% 21% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others *Performance highlights excludes Discontinued Operat
Slide 38: Client wise Revenue Q2 FY20
Client wise- Revenue Q2 FY20* Client-wise Revenue mix Q2 FY19 Client-wise Revenue mix Q2 FY20 (Rs. 315 Crores) (Rs. 294 Crores) Toyota Others 2% LEAR Others Toyota 8% 15% Bajaj Auto 2% 2% LEAR Bajaj Auto 3% 36% MSIL 38% 8% MSIL 6% HMSI 14% HMSI LIL 13% 9% Aftermarket LIL 18% 10% Aftermarket 16% *Per
Slide 39: Client wise Revenue H1 FY20
Client wise- Revenue H1 FY20* Client-wise Revenue mix H1 FY19 Client-wise Revenue mix H1 FY20 (Rs. 594 Crores) (Rs. 581 Crores) Toyota Toyota Others Others 2% LEAR 2% LEAR 12% 10% Bajaj Auto 2% Bajaj Auto 4% 36% MSIL 39% MSIL 7% 6% HMSI 13% HMSI 14% LIL Aftermarket LIL 10% 17% 10% Aftermarket 16% *P
Slide 40: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ 1,187 123.9 1,111 116.2 905 965 837 86.1 70.9 75.2 581 58.5 FY15 FY16 FY17* FY18* FY19* H1FY20* FY15 FY16 FY17* FY18* FY19* H1FY20* PAT After MI Cash PAT 53.2 80.3 48.7 74.0 58.1 31.8 34.5 32.1 48.4 52.6 49.6 29.0 FY15 FY16 FY17* FY18* FY19* H1
Slide 41: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 481 483 40.2 424 375 332 28.1 306 22.1 15.0 11.0 11.5 FY15 FY16 FY17* FY18* FY19* H1FY20* FY15 FY16 FY17* FY18* FY19* H1FY20* Capex Long Term Debt / Equity 79 0.16 52 0.10 36 31 0.05 0.05 13 0.03 0.03 9 FY15 FY16 FY17* FY18* FY19*
Slide 42: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 13.9 24.0 11.2 11.2 10.7 18.0 18.3 18.5 17.1 FY15 FY16 FY17* FY18* FY19* H1FY20*# FY15 FY16 FY17* FY18* FY19* H1FY20*# Dividend (% of Face Value) EPS^ (in Rs.) 150.0 9.7 7.2 100.0 4.7 5.1 4.7 70.0 4.2 47.0 47.0 FY15 FY16 FY17 FY18 FY19 FY15 FY16 FY17* FY
Slide 43: Consolidated Quarterly Performance Highlights
Consolidated Quarterly Performance Highlights*# Revenue EBIDTA^ PAT after MI 10.8% 10.2% 4.6% 7.1% 315 34 21 294 30 15 Q2FY19 Q2FY20 Q2FY19 Q2FY20 Q2FY19 Q2FY20 # Performance highlights excludes Discontinued Operations of PCB business Rs. Crores ^EBITDA includes share of profits from Jv’s & Other In
Slide 44: Consolidated Half Yearly Performance Highlights
Consolidated Half Yearly Performance Highlights*# Revenue EBIDTA^ PAT after MI 10.7% 10.1% 4.8% 5.5% 594 581 63 32 59 28 H1FY19 H1FY20 H1FY19 H1FY20 H1FY19 H1FY20 # Performance highlights excludes Discontinued Operations of PCB business Rs. Crores ^EBITDA includes share of profits from Jv’s & Other
Slide 45: Consolidated P&L Statement
Consolidated P&L Statement*# Particulars (Rs. in Crores.) Q2 FY20 Q2 FY19 Y-o-Y H1 FY20 H1 FY19 Y-o-Y Revenue 293.63 314.74 -6.71% 581.17 594.42 -2.23% Raw Material Consumption 200.07 211.84 393.55 401.12 Employee Expenses 33.94 35.37 68.02 66.92 Other Expenses 32.16 37.78 67.15 68.38 Other Income 2
Slide 46: Consolidated Balance Sheet
Consolidated Balance Sheet* ASSETS (Rs. in Crores.) Sep-19 Mar-19 EQUITY & LIABILITIES Sep-19 Mar-19 Non-current assets Equity Property, plant and equipment 264.37 287.20 Capital work-in-progress 33.16 22.25 Equity Share capital 13.63 13.63 Investment Property 18.45 18.73 Non-Controlling Interest 45
Slide 47: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs in Cr) H1 FY20 H1 FY19 Profit before tax from continuing operations 36.48 44.54 Profit before tax from discontinued operations 9.49 11.84 Adjustments 8.12 12.36 Operating profit before working capital changes 54.09 68.73 Changes in working capital 28.
Slide 48: Awards & Recognitions
LUMNAX Awards & Recognitions
Slide 49: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A total of 368 teams from 13 countries participated in the global Quality Control Circles competition. 48
Slide 50: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited won the Part Design & Development (Supplier Design Category) Award from Maruti Suzuki India Limited in May, 2019. 49
Slide 51: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited awarded for Improvement in Quality Performance by Maruti Suzuki India Limited in May, 2019 50
Slide 52: Awards & Recognition
Awards & Recognition Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax DK Auto Industries Limited, Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019 51
Slide 53: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 52
Slide 54: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 53
Slide 55: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 54
Slide 56: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 55
Slide 57: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 56
Slide 58: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 59: For further information, please contact:
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Pratik R. Shah priyanka.sharma@lumaxmail.com shogun.ja
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