Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Q2 FY2025 Earnings Presentation
39 slides from Uno Minda's earnings presentation, November 2024
Slide 1: Investor Presentation November 2024
INVESTOR PRESENTATION November, 2024
Slide 2: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda 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 ba
Slide 3: Content
CONTENT 01. Industry Highlights 04 02. Operational Highlights 05 03. Financial Highlights 06 04. Business Review 11 05. Annexures 23 06. Overview: Uno Minda Group 25 3
Slide 4: Industry Highlights for Q2 FY25
INDUSTRY HIGHLIGHTS FOR Q2 FY25 Auto Industry growth momentum e-2W Registration recover continues led by recovery in 2W e-2W registration for the quarter increase by 58% Y-o- Y basis and 29% Q-o-Q basis as per SMEV. Recovery in 2W market with improved rural sentiment registering 13% YoY growth durin
Slide 5: Key Operational Highlights for Q2 FY25
KEY OPERATIONAL HIGHLIGHTS FOR Q2 FY25 Expansion in ASEAN Market Uno Mindarika plant PTMA to set up new plant for manufacturing of consolidation in North long tail lamps for PVs with capex of Rs 210 Cr Commences components manufacturing at new Existing plant will also be relocated to the new site pl
Slide 6: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 7: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Group Revenues (Including JVs and Consolidated Revenues increased by Associates) (Unaudited) higher by 17% Y- 17% Y-o-Y to o-Y Rs 5,112 Cr Rs 4,245 Cr for the quarter for the quarter EBITDA higher by 20% Y-o-Y to EBITDA margin at Rs 482 Cr at 11.36% for the q
Slide 8: Consolidated Financial Highlights – Q2 FY25
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q2 FY25 Revenue (Rs. Cr) EBITDA (Rs. Cr) 482 17% 402 20% 150 125 46 4,245 27 3,621 258 291 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 PBT Interest Depreciation UML Revenue PAT* (Rs. Cr) Margin (%) 9% 11.09% 11.36% 225 245 5.10% 5.13% Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 UML Conso
Slide 9: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET 9
Slide 10: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q2 FY24 (%) Q2 FY25 (%) Others Switches Others 21% 25% 16% Switches 26% Acoustics Acoustics 6% 4% Seatings Seatings 7% 8% Lighting Casting Lighting 23% 20% 23% Casting 21% 10
Slide 11: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 26% 26% 25% 25% 25% • Commences manufacturing of components at new 933 928 963 958 1057 greenfield plant at Farrukhnagar. Existing Manesar plant to be shifted by Q3 FY27 Switches Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 24% 26
Slide 12: Business Review
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 6% 6% 5% 5% 4% • Headwinds in European Auto market adversely 210 202 213 204 186 impacting our European subsidiary Clarton Horn operations Acoustic Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 8% 8% 7% 7% 7% • European Agricultura
Slide 13: Revenue Breakups Q2 FY25
REVENUE BREAKUPS Q2 FY25 OR 3W International Aftermarket CV 4% 2% 11% 7% 4% 4W 46% 2W 44% India OEM 89% 93% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 13
Slide 14: Aftermarket - Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, • Revenue of Rs. 282 Cr during the quarter Shocks & struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 15: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Sales to 2W Electric Vehicles Rs Crores Motor Controller Battery Management On-Board System 228 Charger 164 180 143 160 DC-DC Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Body Control Converter Module (BCM) Potential Kit Value (in
Slide 16: EV Strategy for Four Wheeler
EV Strategy for Four Wheeler Wall Mounted Charging Unit Battery Disconnect Unit Under Production/Orders Won Integrated Charging 1 Battery Disconnect Unit Control Unit 2 AC Charging Cable 3 Integrated Charging Control Unit (OBC + DC DC + PDU) ( Low Voltage) Under Self Development/TLA Done 4 EVSE-Wall
Slide 17: Product Portfolio under Inovance TLA
Product Portfolio under Inovance TLA Inovance a leading provider of Power intelligent components and Supply systems for electric and hybrid vehicles & supplies to many of the leading Chinese and Global PV and CV OEMs eAxle ~ USD 4.2 billion in revenue in FY23 TLA for Charging Control Unit (CCU), EV
Slide 18: Project Expansion Update
Project Expansion Update Total Cost (In Rs Expected Sr Product Line Entity Location Capacity Update Crs) SOP Q2 FY26 Project announced 1 4W Alloy Wheels Uno Minda Ltd 542 Kharkhoda 120k Wheel p.m. Phase 1 To be spend over 5 years Minda Kosei Q3 FY25 Land Acquisition Delays 2 4W Alloy Wheels 190 Bawa
Slide 19: Project Expansion Update
Project Expansion Update Total Cost (In Expected Sr Product Line Entity Location Capacity Update Crs) SOP Commenced commercial 11 Airbags TG Minda (JV) 175 Neemrana 1.2 Mn unit p.a. Q3 FY25 production 12 Airbags TG Minda (JV) 283 Harohalli Greenfield Q1 FY27 Project Announced Seat Belts & Smart Toka
Slide 20: Great Place to Work Certified
Great Place to Work Certified 4 Years Consecutive Great Place To Work® Certified™ Top 100 | Large Top 100 | Large Top 100 | Large Top 100 | Large Top 100 | Large India’s Best Workplaces for India’s Best Companies India’s Best Workplaces in Auto India’s Best Workplaces for India’s Best Workplaces20 f
Slide 21: Corporate Social Responsibility Initiatives
Corporate Social Responsibility Initiatives Blood Donation Camp in Eye checkup camp at Samarth Collaboration with Red Cross Society Jyoti center, Pune CSR Times Award 2024 in the "𝗪𝗼𝗺𝗲𝗻 𝗘𝗺𝗽𝗼𝘄𝗲𝗿𝗺𝗲𝗻𝘁" category for our flagship initiative, "𝗦𝗮𝗺𝗮𝗿𝘁𝗵- 𝗝𝘆𝗼𝘁𝗶". HP-CLAP…
Slide 22: Annexures
4 ANNEXUR Internal
Slide 23: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Cr) Q2 FY25 Q2 FY24 YoY% Q1 FY25 QoQ% H1 FY25 H1 FY24 YoY% Revenue from Operations (Net of Excise) 4,245 3,621 17% 3,818 11% 8,062 6,714 20% Raw Material 2,754 2,377 2,460 5,214 4,363 Employee Cost 528 449 516 1,045 873 Other Expenses 481 394 433
Slide 24: About Uno Minda
ABOUT UNO MINDA Internal
Slide 25: About Uno Minda
ABOUT UNO MINDA UNO MINDA A Leading Auto Component & Systems Player, Uno Minda Limited is one of the leading manufacturers of auto components and systems with leadership across key product segments. Since 1958 ₹ 169B ($ 2.03 B) * TOP 200 74 The company has a well diversified product portfolio with m
Slide 26: Domains & Product Groups
Domains & Product Groups Switches 4W, Lamps 2W, 3W, CV & 4W & CV Off road Electric Vehicle Lamps Products 2W, OR Sensors & Actuators Speakers Infotainment LPG CNG Systems Kits ADAS Horns Products Controllers Hoses Gear Shifters Blow Moulded & Seat Belts Parts Air Bags, Interior Air Filters Exterior
Slide 27: Engine agnostic portfolio with potential upside from EV transition
Engine agnostic portfolio with potential upside from EV transition Alternate Fuel Domains Product Lines ICE Hybrid BEV Systems 4W Switches & HVAC Sensors Controllers Seat Belts Electronic & Control Shifters Systems Infotainment Systems Cameras Telematics & TCU More than 95% of RPAS & ADAS our produc
Slide 28: UML's Powertrain Focused Portfolio
UML’s Powertrain Focused Portfolio Domains Product Lines ICE H2 ICE CNG PHEV HEV BEV Electronic & Control Portable Charging Unit Systems Wall Mount Charger (EVSE) Safety & Comfort Systems Fuel Hoses/Fuel cap Lighting & Acoustics Alternate Fuel Systems Light Metal & Power Train Ai
Slide 29: Global Presence
GLOBAL PRESENCE Strategic Manufacturing Location Growing International Presence 68 29 HO Head RO Reg. 14 6 7 Sales 8 1 Plants Engg. Centers Office Office Warehouses Plants Office Engg. Centers Warehouse North zone. (31) [17] {1} East zone (1) Manesar (8) [6] HO Jamshedpur (1) Bawal (10) [5] Neemrana
Slide 30: Top Management Team
TOP MANAGEMENT TEAM Mr. Nirmal K Minda Mr. Ravi Mehra Mr. Amit Jain Mr. A.G. Giridharan Mr. Kundan K Jha Mr. Naveesh Garg Mr. Rajeev Gandotra Chairman & Managing Director Deputy Managing Director Group Chief Technical CEO- Safety & Comfort CEO, Light Metal & CEO- Electronics and CEO – Light & Acoust
Slide 31: In-house R&D helps drive Innovation
In-house R&D helps drive Innovation… Two-tier Engineering Organization Europe India Central R&D Centre With A Focus On Advanced & Future Technology Pune, Gurugram, Chennai, Hosur & Bangalore India Regensburg, Munich, Ingolstadt-1, Wolfsburg -2, Osnabruck-1 Germany Bilbao Spain Product-focused Busine
Slide 32: Uno Minda – Central R&D and Design Studio
UNO MINDA – Central R&D and Design Studio Locations Uno Minda’s first flagship centre for Key functional Competencies research engineering and advance technologies. Product Planning Technical Sales MISSION: Attain Technology Leadership with Simulation based Engineering Ingenious CREATors to Innovate
Slide 33: Nurturing Partnerships and Affiliations
Nurturing Partnerships and Affiliations JV- Steering Wheel with Airbags, Body Sealing, Fuel Caps, Hoses TLA – Speakers M&A Horns M & A Lighting Solutions JV - Panel & Control Switches, Seatbelts JV – Printed Circuit Boards JV – Vehicle Seat Recliners JV- Blow Molding JV - Speakers Gear Shifters (PCB
Slide 34: Potential Kit Value – Uno Minda
POTENTIAL KIT VALUE* – UNO MINDA As at the end of FY 2020 2021 2022 2023 2024 15798 14,261 14,901 14851 13,952 14,16114374 13,910 12,336 12,003 10,66111,027 9,675 9,585 9,231 8,457 8,243 7,110 6,978 7,181 7,324 7324 6,261 4,517 3,611 Economy Executive Premium Scooter Moped Up to 110 CC Up to 110 CC
Slide 35: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental Social Corporate Governance More than 90% of plants ISO Vision to enable Employee and 14001 & ISO 45001 certified Community Well-Being with 15% Renewable Energy Share – FY 23-24 (Environmental & OHS Management System) following organizational go
Slide 36: ESG Targets and Action Plan
ESG Targets and Action Plan ESG Targets ✓ 60% Renewable energy share by 2030 Sustainalytics ✓ Carbon Neutral Operations by 2040 ✓ Carbon Net Zero by 2050 Environment Social Governance • CO2 Footprint Reduction • Lost time Injury Case (> 48 Hrs.) • Robust Governance Mechanism Rooftop Solar Installati
Slide 37: Awards & Recognitions
Awards & Recognitions Customer Awards Mr. Nirmal K Minda, CMD, Uno Minda Limited, has Uno Minda is proud to secure 2023-24 been awarded the the Great Place To prestigious HURUN Self- Work® (GPTW) Certification made Entrepreneur Award, for the fourth consecutive year QUALITY 2023! in 2024! DELIVERY B
Slide 38: Group Strengths
Group Strengths Robust Systems and Governance mechanism Long Standing Located close to each Strategic & Relationships with customer Technology Driven Strong System, Processes with experienced board to drive OEMs Alliances Governance and Ethical Practices 6 Decades of Preferred Supplier Located in al
Slide 39: Thank You
Thank You Corporate Office For further information, please contact Follow us on Address: Village Nawada Fatehpur, P.O. Sikanderpur Mr. Ankur Modi Badda, Manesar, Gurgaon – 122004, India. Vice President Head Treasury and Communication Website: www.unominda.com amodi@unominda.com 39