Slide 1: Earnings Presentation Q2 & H1 FY2023
Earnings Earnings Presentation Presentation Q1 FY2023 Q2 & H1 FY 2023 SPARK MINDA DISRUPT INNOVATE LEAD DISRUPT INNOVATE LEAD November 2022 www.sparkminda.com
Slide 2: SPARK MINDA - Kaleidoscope
SPARK MINDA - Kaleidoscope Leading Automotive Component Supplier – Since 1958 16,000+ 8 WORKFORCE PARTNERSHIPS 33 PLANTS/OFFICES INR 35,538 million 14 13 REVENUE* INDIA NORTH INDIA WEST 3 3 INDIA SOUTH ASEAN VISION To be a dynamic, innovative and profitable global automotive organization for emerging
Slide 3: Highlights of Q2 & H1 FY2023 Performance
Highlights of Q2 & H1 FY2023 Performance Enhancing the Core and Deepening Capabilities Q2 & H1 FY2023 Continued growth momentum with highest ever Quarterly Revenue Double Digit EBITDA margin for nineth* straight quarters on sequential basis PAT increased by 48% to Rs. 578 mn in Q2 FY23 from 391 mn i
Slide 4: Revenue Trend
Consistent and Sustainable Market Beating Profitable Growth Rs. million 57% • Revenue Trend 11,471 Consistent and Highest Ever : Quarterly Operating 9,478 10,102 7,941 7,313 Sustainable Revenue of Rs. 11,471 million with 5,586 Market Beating growth of 57% on Y-o-Y basis Growth Q4FY21 Q4FY22 Q1FY22 Q
Slide 5: One of India’s Leading Automotive Component Company
One of India’s Leading Automotive Component Company Diversified product portfolio, global customers, strong manufacturing and advanced R&D with six decades of automotive experience Capital Market Information Revenue Rs. 29,759 mn (FY2022) (as on 30th September 2022) - Mechatronics BSE / NSE Ticker 5
Slide 6: Indian Automotive Industry Performance – Q2 & H1FY23
Indian Automotive Industry Performance – Q2 & H1FY23 H1 FY23 Growth (Y-o-Y) Auto Industry Commentary 22.5% 20.0% 14.27 11.65 • Q2FY23 saw uptick in demand across 10.48 5.5% 58.2% 15.9% 35.5% 8.74 segment except tractors, mainly driven by improved consumer sentiments 1.68 2.28 • Industry continues to
Slide 7: Consolidated Performance – Q2 & H1FY2023
Consolidated Performance – Q2 & H1FY2023 (Rs. Million) Q2FY23 Q2FY22 Y-o-Y (%) Q1FY23 Q-o-Q (%) H1FY23 H1FY22 Y-o-Y (%) Operating Revenue 11,471 7,313 57% 10,102 14% 21,573 12,899 67% EBITDA 1,238 773 60% 1,066 16% 2,305 1,081 113% Margin (%) 10.8% 10.6% 10.6% 10.7% 8.4% Profit Before Tax (PBT) 794
Slide 8: Revenue Breakdown – Q2 FY2023
Revenue Breakdown – Q2 FY2023 By Geography By End Market By Business Verticals* Passenger South East Asia After Vehicles 10.1% Market 13.6% 11.9% MIL 18.2% Europe & North 4.7% 12.1% America 8.3% 17.5% Mechatronics 7.1% Information + & 42.5% AfterMarket Connected 46.3% 20.9% 57.5% Commercial Systems
Slide 9: Business Verticals Performance – Q2 & H1FY23
Business Verticals Performance – Q2 & H1FY23 Quarterly Commentary – Q2 FY23 vs Q2 FY22 Half Yearly (in Rs. mn) 5,314 Mechatronics, Aftermarket Mechatronics, Aftermarket 4,777 9,791 4,203 Mechatronics and Aftermarket: 7,462 • The revenue stability was supported on back of strong and Others and Others
Slide 10: Consolidated Leverage Position – H1FY2023
Consolidated Leverage Position – H1FY2023 Particulars (Rs. mn) Sept 30th, 2022 Mar 31st, 2022 Net Worth 14,286 13,301 Long Term Borrowings 1,069 1,299 Short Term Borrowings 3,183 2,614 Gross Debt 4252 3,913 Less: Cash & Cash Equivalents 3,318 3,334 Net Debt 934 579 Net Debt / Net Worth 0.06x 0.04x C
Slide 11: Journey of New Alliances
Journey of New Alliances Strengthening Technological capabilities by forging new alliances JV partnership JV partnership TLA with Stake TLA with with Stoneridge with Furukawa Ridevision for acquisition for Daesung Eltec for Cluster & for Wiring 2W ADAS EV Battery for ADAS Sensors Harness Charger Sol
Slide 12: Minda Enters into TLA with Daesung Eltec ADAS
Minda Enters into TLA with Daesung Eltec ADAS Technical Collaboration Technology Support by Minda Corporation Daesung Eltec, Korea Daesung in Product and Process Design, development & validation Daesung Geographical Presence and manufacturing line set-up INDIA Minda’s Strong Presence INDIA INDIA and
Slide 13: Expanding Manufacturing Footprint
Expanding Manufacturing Footprint Hosur Plant Greater Noida Pune Expanding footprint across divisions to come closer to customers Earnings Presentation Page 13 of 19
Slide 14: Strategic Pillars of Growth
SPARK MINDA DISRUPT INNOVATE LEAD Strategic Pillars of Growth
Slide 15: Strategic Pillars of Growth
Strategic Pillars of Growth Strategic Pillars of Growth Outcome ✓ Transform and become complete solution provider and partner of OEM’s Focus on Innovation and Enhancing the Core Technology ✓ Cost leadership in manufacturing and Thought Safety Security System | Wiring Harness | Instrument Cluster | D
Slide 16: Transforming Current Business Lines as per Technology Trends
Transforming Current Business Lines as per Technology Trends Vehicle Access Wiring Harness & Connectors Clusters & Sensors EV Low Power Electronics Intelligent & Smart Electrical Distribution Systems Connected & Safe Mobility EV Drive Train Large size TFT & Motor & Motor Battery Management Smart PEP
Slide 17: Electric Vehicle: Growth Opportunity
Electric Electric Vehicle: Vehicle: Growth Growth Opportunity Opportunity Most of our Products are Electric Vehicle Agnostic In INR Potential EV Kit Value 16,000-20,000 8,000-10,000 2,000-2,500 2,000-3,000 4,000-4,500 New Product Increase in Increase in under content in Legacy Content content in dev
Slide 18: Value Proposition
ValueProposition Value Proposition High value, Technologically advanced products; Global presence with 30 plants Cost leadership in Manufacturing and Thought leadership position in Technology Offering Advanced Technology products and system solutions in Light weighting, Active Safety, Connected, Ele
Slide 19: ESG, CSR and Awards
SPARK MINDA DISRUPT INNOVATE LEAD ESG, CSR and Awards
Slide 20: ESG Sustainability Framework
ESG Sustainability Framework Earnings Presentation Page 20 of 19
Slide 21: Corporate Social Responsibility – Q2 FY2023
Corporate Social Responsibility – Q2 FY2023 ALFC in Collaboration with the Indian Convocation Ceremony was organised for 253 Aakarshan , Haryana - Convocation DST Convocation for 4th batch Army was organized in Kupwara Kashmir, learners of Aakarshan Uttarakhand Ceremony for 248 learners providing 40
Slide 22: Awards & Achievement – Q2 FY2023
Awards & Achievement – Q2 FY2023 Mechatronics, Aftermarkets & others division won 35 awards during Q2 FY23 • SSD Noida - Achieved 5 Awards (3 Gold, 2 Silver from QCFI) • SSD PANTBAGAR - Achieved 10 Awards (5 Gold award from QCFI, 1 Gold- CII, 1 Gold & 2nd runner up - ACMA and, 2 from bajaj) • DCD GR
Slide 23: Forward looking statements disclaimer
This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business developments