Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q1 FY21 Earnings Presentation
21 slides from Greaves Cotton's earnings presentation, Aug 17, 2020
Slide 1: Greaves Cotton cover letter to exchanges
GREAVES SINCE 1859 17th August 2020 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Investors Presentation This is further to out letter dated 14th August, 2020 and pursuant to Regulation 30
Slide 2: Investor Deck Q1 FY21
Investor Deck Q1 FY21 17th Aug’20
Slide 3: Disclaimer
Disclaimer • Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and regulations. • Actual r
Slide 4: Respond Redouble Reimagine
Financial performance impacted due to lockdown, however, recovery on track; company’s response through 3R Framework setting base for a stronger rebound GCL 3R Response Framework Respond Immediately GCL Financial Performance • All manufacturing units restarted Q1 FY20 Q1 FY21 • Supply Chain/ Vendor b
Slide 5: Strong Business Development efforts to expand revenue streams
Strong Business Development efforts to expand revenue streams EXISTING PRODUCT NEW PRODUCT EXISTING MARKET EXISTING MARKET HS E-2W LI E-Rick E-Loader New OEMs for existing Auto & CREST CNG/ Non-Auto Engines Petrol Engine EXISTING PRODUCT SUPPORTING COVID FIGHT NEW MARKET 52 Gensets Supplied to COVID
Slide 6: IOT enabled Smart Genset 'Greaves Genius' launched with 5 yrs warranty
IOT enabled Smart Genset ‘Greaves Genius’ launched with 5 yrs Warranty, to provide significantly enhanced customer connect Technological Innovation in Gensets enabling remote monitoring & management Comprehensive Health Monitoring Preventive Maintenance Fault Diagnostics Asset & Fleet Management sys
Slide 7: Growth Thrust on Ampere continues
Growth Thrust on Ampere continues with improving product/ channel/ customer portfolio… Ampere E-2W Sales returning to pre-COVID levels New B2B customers being added Market Share increases to 24% amongst Magnus Pro High Speed Scooter organized players 40 New Stores Opened 6
Slide 8: New future ready business model with virtual experience centre
… new future ready business model with virtual experience centre/ test drives and new Leasing/ Subscription/ Exchange solutions Virtual showroom experience & Test Drive Business Model Innovations Leasing & Subscription Business Model Exchange Offers: Upgrade to Electric 7
Slide 9: Ampere strengthens presence in last mile E-Mobility through Bestway acquisition
Ampere strengthens presence in last mile E-Mobility through Bestway acquisition; Strong Portfolio Passenger & Cargo E-3W Majority ownership acquired in Bestway • Strengthens play in last mile people & cargo mobility • New avenue in affordable & reliable E-Mobility 8
Slide 10: Support to Auto Drivers through Service Camps, Safety Kits & Insurance
Support to Auto Drivers through Service Camps, Safety Kit Distribution & Insurance Programs to aid operations restart Auto Drivers Free Service Program- Supporting Migrants through En-route Service Camps Strengthening Safety through PPE Kits through Greaves Retail 9
Slide 11: Active engagement with customers, partners, employees
Active engagement with our customers-partners-employees GREAVES AMPERE STt\RT AMPERE By GREAVES ~ Trid~Bto By GREAVES Celebrating kfi¥•re.l higlfiN T,.,. Powerful Partnerships We thank Fleet operators and B2B players for trusting e us and helping us grow in • • last 12 years . p.mpere • Anniversary
Slide 12: Q1 FY21 Financial Highlights
Q1 FY21 Financial Highlights 11
Slide 13: Financial Performance Snapshot
Financial Performance Snapshot: (Rs. Cr) Q1FY20 Q1FY21 477 147 61 38 38 -22 -24 -24 Revenue EBITDA PAT before exceptional items Reported PAT Key Highlights Q1 Revenue at Rs. 147 Cr (-69% down vs last year) Q1 EBDITA at -14.7% (12.8% vs last year) 12
Slide 14: Quarterly Revenues
Quarterly Revenues: (Rs. Cr) Quarterly Average Quarterly Average FY19 Rs 497 cr FY20 Rs 455 cr 495 506 528 477 490 495 458 360 147 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Mar-20 Jun-20 Revenues are GST comparable numbers 13
Slide 15: Revenue by Business (Q1 FY21)
Revenue by Business (Q1 FY21): Q1FY21 Standalone Q1FY21 Consolidated 18% 17% 0% 6% 56% 52% 26% 25% Engines Aftermarket E-mobility Others Engines Aftermarket E-mobility Others • Others includes Genset, Agri equipment and Trading 14
Slide 16: Volumes by Business
Volumes by Business Business Q1 FY20 Q1 FY21 GROWTH Engine 3W 65,045 11,216 4W 3,279 - Others 11,362 5,155 Total Engine 79686 16371 -79% Auxilary Power Gensets 1,102 275 Total Auxilary Power 1102 275 -75% Agri Pumpset 18,268 4,264 Power Tiller 880 436 Other LAE 1,063 1,617 Total Agri 20,211 6,317 -6
Slide 17: Financial Results - Quarter
Financial Results - Quarter Particulars (Rs Cr) Q1FY20 Q1FY21 Growth % Net Income from Operations 477 147 -69% Material Consumed 324 106 Employee Cost 46 35 Others Expenses 46 28 EBIDTA 61 -22 -135% EBIDTA Margin 12.8% -14.7% PBT before exceptional item 56 -34 PAT before exceptional item 38 -24 -163
Slide 18: Profit & Loss – Ampere
Profit & Loss – Ampere Particulars (Rs Cr) Q1 FY 20 Q1 FY 21 Growth Net Revenue 15.3 8.9 -41% RMC % 80.7% 78.5% Expenses 5.9 6.7 EBIDTA -3.0 -4.8 EBIDTA % -19.6% -53.9% PAT -3.8 -5.4 17
Slide 19: Key Financial Metrics
Key Financial Metrics Net Working Capital (No of Days) Fixed Asset turns 57 49 4.9 26 1.4 0.4 Jun-19 Mar-20 Jun-20 Jun-19 Mar-20 Jun-20 ROCE% EPS 31% 1.6 28% 0.4 -18% -1.0 Jun-19 Mar-20 Jun-20 Jun-19 Mar-20 Jun-20 18
Slide 20: Share Holding Pattern
Share Holding Pattern As on 30th June 2020 Non Institutional 17% FII Holding (%) 16 14 14 Promoters Institutional 55% 7 7 5 5 28% 31st 31st 31st 31st 31st 31st 30th Mar'15 Mar'16 Mar'17 Mar'18 Mar'19 Mar'20 June'20 19
Slide 21: Thank You
GREAVES CLEANTECH SOLUTIONS TECH NOVATION AFFORDABLE SOLUTIONS DIVERSIFIED SUSTAINABLE RELIABLE SOLUTIONS SOLUTIONS THANK YOU 20