Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q3 FY18 Earnings Presentation
22 slides from Gabriel India's earnings presentation, Feb 1, 2018
Slide 1: Gabriel India Ltd. Result Update Presentation – Q3 FY18
Gabriel India Ltd. Result Update Presentation – Q3 FY18
Slide 2: Safe Harbour
Safe Harbour 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 t
Slide 3: Strong Performance continues in Q3FY18
Strong Performance continues in Q3FY18 Revenue PBT +20% +20% 4,452 321 3,721 268 Key Highlights Revenue: Revenue led by Higher Volumes across all the segments Q3FY17 Q3FY18 Q3FY17 Q3FY18 EBITDA PAT PAT: Increase in tax expense due to +13% reduction of 35 (2AB) benefit from +15% 396 200% to 150% 215
Slide 4: Financial Highlights – 9MFY18
Financial Highlights – 9MFY18 13,357 mn 1,246 mn 9.3% +17.9% +14.6% Revenue EBITDA EBITDA % 997 mn 685 mn 5.1% +18.7% +14.2% PBT PAT PAT % 4
Slide 5: Revenue Mix
Revenue Mix Segment – Mix Channel – Mix 100% 100% 100% 100% 100% 100% 100% 100% 58% 55% 57% 63% 86% 83% 83% 86% 31% 32% 31% 26% 11% 13% 13% 11% 11% 11% 13% 12% 4% 4% 4% 3% FY15 FY16 FY17 9MFY18 FY15 FY16 FY17 9MFY18 2W/3W OE Passenger Vehicles Replacement Commercial Vehicles Export 5
Slide 6: Profit & Loss Highlights
Profit & Loss Highlights Rs. Mn Q3FY18 % of Q3 FY17 % of YoY% 9M FY18 % of Revenue 9M FY17 % of Revenue YoY% Revenue (net of excise duty) 4,452 100.0% 3,721 100.0% 19.6% 13,357 100.0% 11,326 100.0% 17.9% Raw Material 3,162 71.0% 2,633 70.8% 9,561 71.6% 8,086 71.4% Employee Expenses 404 9.1% 314 8.4%
Slide 7: Major areas of change to adoption of Ind AS
Major areas of change to adoption of Ind AS Impacted Item Impact • Measurement of investment in Mutual Funds at fair value through profit and Investment in Mutual Funds loss Investment in Equity • Measurement of investment in Equity Instruments at fair value through profit Instruments and loss • Pro
Slide 8: Impact on profit on account of Ind AS
Impact on profit on account of Ind AS (Rs. Mn) Particulars Q3FY17 Profit After Tax reported as per I GAAP 188.3 Actuarial loss on employee defined benefit plan (1.2) Effect of fair valuation of security deposit 0.1 Profit After Tax reported as per Ind AS 187.2 Actuarial gain / loss on defined benefi
Slide 9: Quarterly Performance Trend
Quarterly Performance Trend Quarterly Performance Trend Revenue EBITDA PAT 15,291 1,440 816 14,441 14,382 1,260 730 3,912 1,164 369 221 Q4 3,484 3,662 326 600 209 4,452 284 396 215 3,737 353 Q4 159 188 Q3 3,595 3,549 291 152 288 4,717 455 Q3 174 266 Q2 3,848 3,752 3,938 376 213 335 194 319 Q2 137 Q1
Slide 10: Awards
Awards Supply Excellence Award - SML ISUZU Ltd Gold Award in Health & Safety Category – ACMA Center of Technology (ACT) Gold Award in the International Convention on Quality Control Circles held in Philippines 10
Slide 11: Auto Expo 2018 – Showcase Future Ready Products
Auto Expo 2018 – Showcase Future Ready Products Senior management from OEMs along with key dignitaries visited Anand Group Stall 11
Slide 12: “Great Place to Work”
“Great Place to Work” ▪ Ranked #2 in Auto & Auto Component 2017 Industry ▪ Rank #52 among Top 100 Companies to work for in India ▪ Ranked #3 in Auto Component Industry 2016 ▪ Rank #70 among Top 100 Companies to work for in India ▪ Ranked #2 in Auto Component Industry 2015 ▪ Rank #43 among Top 50 Com
Slide 13: Business Overview
GABRIEL Business Overview l
Slide 14: Introduction
Introduction Incorporated The company, Gabriel India, in 1961 Experienced Pioneers of Shock Absorber & Professional Management manufacturing in India Innovation Significant Presence in all Strong R&D with over channels of sales 43 patents filed in OE, Aftermarket and Exports Products & Processes Str
Slide 15: Pioneer of Ride Control Products…
Pioneer of Ride Control Products… 2/3 Wheeler Front Hydraulic Shock Gas Shock Forks Absorbers Absorbers Passenger Car Gas Shock McPherson Cartridges Absorbers Struts After Market across all segments CV & Railways Shock Cabin Seat Absorbers Dampers Dampers 15
Slide 16: …with Diversified Revenue Mix (As per IGAAP)
…with Diversified Revenue Mix (As per IGAAP) Revenue (Rs. Mn) Segment Mix: FY17 2/3 +28% Wheelers 15,291 55% 14,441 14,382 Passenger 12,745 cars Commercial 32% 11,960 Vehicles 13% Channel Mix: FY17 Aftermarket OE 13% 83% FY13 FY14 FY15 FY16 FY17 Exports 4% 16
Slide 17: Strategic Manufacturing Footprint
Strategic Manufacturing Footprint Ashok Leyland SML Isuzu Tata Motors GIL Presence Honda Cars Honda Motorcycles TVS Motors GIL Plants ICML Yamaha India Maruti Suzuki Parwanoo GIL Satellite Locations Suzuki Motorcycles Manesar Khandsa AMW GM Sanand Dewas Tata Motors Hindustan Motors Honda Motorcycles
Slide 18: Strategy Going Ahead
Strategy Going Ahead 18
Slide 19: Strategic Business Unit Approach…
Strategic Business Unit Approach… 2/3 Wheeler CV & Railways • Quality & Process • Product Technology Technology • New Product Devolvement • Capacity Enhancement Aftermarket Passenger Car • Product Development • Product Innovation • Expanding Reach • Improving Market Share To derive benefits from Cus
Slide 20: … To Drive Growth
… To Drive Growth Sales Growth • Exports Focus • Inorganic Growth • Global Manufacturing Footprint Efficiency Improvement • Customer Focus Technology & Innovation • Debt Reduction • Improvement in quality • Break Even Point (BEP) • R & D Focus Reduction • Sustainable • Simplification of Parts Manufa
Slide 21: Improving Dividend Profile
Improving Dividend Profile Dividend Per Share (Rs.) 1.30 1.20 • Continuous Dividend 1.05 since 1998 0.85 0.75 • Stable Payout Ratio • Declared Interim 0.50 0.50 0.50 Dividend of Re. 0.50 per share, amounting to 50% of Face Value. FY11 FY12 FY13 FY14 FY15 FY16 FY17 H1FY18* 15% 21% 32% 33% 31% 23% 23%
Slide 22: 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 Mr. Jigar Kavaiya / Ms. Neha Shroff rajendran.arunachalam@gabriel.co.in jigar.kava