Ask Automotive Limited · NSE:ASKAUTOLTD
Ask Automotive — Q1 FY25 Earnings Presentation
24 slides from Ask Automotive's earnings presentation, Jul 29, 2024
Slide 1: ASK Automotive Limited - Presentation to Analysts and Investors
® ASK AUTOMOTIVE LIMITED (Formerly known as ASK Automotive Private Limited) Date: July 29, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Bandra Dalal Street, Mumbai - 400 001 Kurla Complex, Bandra (East), Mumbai - Scrip Code: 544
Slide 2: Quarterly Earnings Call Q1 FY25
ASK AUTOMOTIVE LIMITED Quarterly Earnings Call || Q1 FY25 Ad vanced Braking Al uminum L i ghtwei ghti ng Safet y Control Systems Preci si on Solutions Cabl es https://askbrake.com
Slide 3: Content
Content 01 Overview: ASK Group 4 02 Financial Performance – Q1 FY25 5-8 03 Key Growth Strategies 9 04 Technical Collaborations & Partnerships 10 05 Positioning in EV Segment 11 06 Transition to Renewal Energy 12 07 Customer Relationship and Recognitions 13-14 08 Others 15-19 09 Annexures 20-23 2
Slide 4: Cautionary Statement
Cautionary Statement This presentation and the accompanying slides (the “presentation”) contain selected information about the activities of ASK Automotive Limited (the “Company”) and its subsidiaries and affiliates (together, the “Group”) as at the date of the presentation. It does not purport to p
Slide 5: ASK Group Overview - Leading Brand in 2W Braking Segment in India
ASK Group Overview - ASK is a leading Brand in 2W Braking Segment in India 30+ Years Product Segments Experience in safety products and solutions ~50% 12 Market Share in Exporting 2W’s AB systems 38 % countries in India Advanced Braking Systems 43 % Aluminum FY 2023-24 Lightweighting Long standing T
Slide 6: Key Business Performance Highlights - Q1 FY25 (Consolidated)
Key Business Performance Highlights - Q1 FY25 (Consolidated) Robust growth in both top line & bottom line EPS at Rs. 2.88, up +63% YoY Highest ever Revenue & PAT in any quarter in past CRISIL revised outlook to Positive from Stable Revenue growth outperformed Industry growth CRISIL reaff
Slide 7: Robust Performance in Q1 FY 2024-25 (Consolidated)
Robust Performance in Q1 FY 2024-25 (in Crores) - Consolidated Total Income EBITDA +31% 865 103 +59% 658 65 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 PAT EBITDA and PAT Margins % +63% 57 11.9% 9.8% 35 6.6% 5.3% EBITDA % PAT % Q1 FY24 Q1 FY25 6 Q1 FY24 Q1 FY25
Slide 8: Revenue by Product Segment, Channel and Geography (YoY)
Revenue by Product Segment, Channel and Geography (YoY) – Consolidated Product Segment Channel Geography Others, 3.0% Others, 3.0% Export, 3.8% SCC, 3.6% AM, 8.2% WA, 11.8% OES, 6.6% ABS, 36.3% OEM EV Q1 FY25 3.6% ALPS 45.3% OEM ICE, 78.5% Domestic, 96.2% SCC, 3.5% Others, 2.1% AM, 8.9% Others, 2.1%
Slide 9: Product Segment Revenue (Rs. Crores) - Consolidated
Product Segment Revenue (Rs. Crores) - Consolidated Advanced Braking Systems Aluminium LW Precision Solutions +26% +39% 391 313 249 281 Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 Safety Control Cables +33% 31 23 Q1 FY24 Q1 FY25 8
Slide 10: Key Growth Strategies
Key Growth Strategies Strengthen position Diversify product offering in AB Develop innovative systems in the growing EV systems and ALP solutions and and solutions and have sector in India expand market in PV and CV strong pipeline of products segment Electrification Focus on Export Independent Focu
Slide 11: World Class Technical Collaborations and Global Partnerships
World Class Technical Collaborations and Global Partnerships... Technical Collaborations Joint Ventures 2001 - Japanese Manufacturer 2016 - NUCAP, Canada 2018 - FRAS-LE, Brazil A prestigious manufacturer & supplier of A Patented Retention Systems - Mechanical A Randon group company, Fras-le is a glo
Slide 12: Prominent Player in 2W EV Segment to Capture Growing Electrification Trend
Prominent Player in 2W EV Segment to Capture Growing Electrification Trend DIVERSE EV PRODUCT OFFERINGS ASK Revenue Growth in EV (in Crores) 120 CAGR 227% Belt Cover 52 Belt Cover Rear Foot Rest HU Base Hub Front Front 11 0 FY21 FY22 FY23 FY24 Intermediate Hub RR Back Hub Rear Pulley Rear Grip Pulle
Slide 13: ESG - Transition towards Renewable Energy
ESG - Transition towards Renewable Energy PNG usage (units in SCM millions) 2.82 Clear focus towards Renewal Energy Replaced diesel with PNG in 0.60 melting furnaces 0.31 0.42 Setting up 9.9 MWp Solar 2021 2022 2023 2024 Power Plant for captive consumption with investment Solar usage (units in
Slide 14: Long-standing Relationship with Indian and Global OEM players
Long-standing Relationship with Indian and Global OEM players 2 Wheelers-ICE 2W Years of Customers Relationship Hero MotoCorp Limited Hero MotoCorp Limited 31 2 Wheelers-EV 23 India’s largest 2W EV OEM 22 4 Wheelers 22 21 Commercial Vehicle Export Customers Two Prominent CV Polaris Inc. OEMs 17 in I
Slide 15: Awards and Recognitions
Awards and Recognitions 7 Awards for Excellence in Development 8 Awards for Excellence in Quality 6 Awards for Excellence in Performance 6 Awards for Excellence in Cost Innovation 14
Slide 16: Diverse & Extensive Product Portfolio
Diverse & Extensive Product Portfolio 2W 3W 4W CV (Joint Venture) Advanced Braking Brake Shoe Brake Pad Brake Lining System Brake Shoe Brake Pad Brake Shoe Brake Pad Brake Panel Case Mission 2W PV Exports EV Aluminum LW Crank Case Engine Cover ECU Body ECU Housing Demolition Geared Pulley Precision
Slide 17: Board of Directors
Board of Directors Kuldip Singh Rathee - Chairman & MD Arun Duggal - Independent Director • Bachelor’s degree in arts (Economics Honours) from Delhi University • Bachelor’s degree in technology (mechanical engineering) from Indian Institute of • Served in the Central Reserve Police Force and was dir
Slide 18: Geographical Presence across India
Geographical Presence across India Himachal Pradesh Baddi – 1 Plant Uttarakhand Corporate Office Haryana Haridwar – 2 Plants Gurugram/Manesar - 9 Plants, JV - 1 Plant Rajasthan Karoli (WOS) – 1 Plant 7,000+ Gujarat Workforce Ahmedabad - 1 Plant Karnataka Bengaluru* ASK - 1 Plant, WOS - 1 Plant 17 St
Slide 19: ASK Group's Strengths
ASK Group’s Strengths Largest manufacturer of 2W Advanced Braking System in India with ~50% market share Powertrain Agnostic product offerings in both EV and Non-EV 4 World Class Technical Collaborations and 2 World Class Joint Ventures High entry barriers due to proprietary material formulations, i
Slide 20: AHSAAS Trust - A CSR Initiative
AHSAAS Trust – A CSR Initiative Focusing Our Efforts Today for a Better Tomorrow for Everyone. AHSAAS, the philanthropic arm of ASK Automotive was born out of our chairman & Managing Director Mr. Kuldip Singh Rathee and his wife and Non- Executive Director Ms. Vijay Rathee with an aim and dedication
Slide 21: Annexure
Annexure 20
Slide 22: Profit and Loss (Quarter 1 FY25) - Consolidated
Profit and Loss (Quarter 1 FY25) - Consolidated (in Rs. Crore) % Change % Change Particulars (Rs. Cr) Q1 FY25 Q1 FY24 Q4 FY24 (YoY) (QoQ) Revenue 862 657 783 Other Income 3 1 3 Total Income 865 658 786 31.5% 10.1% Cost of material consumed 613 466 541 Changes in inventories (28) (22) (6) Employee be
Slide 23: Glossary
Glossary Term Description Term Description AB Advanced Braking ECU Electric Control Unit ALP Aluminium Lightweighting Precision MCU Motor Control Unit SCC Safety Control Cables HMI Human-machine interface AM / IAM Independent Aftermarket HEV Hybrid Electric Vehicles OEM Original Equipment Manufactur
Slide 24: For further information Contact
For further information Contact ASK Automotive Ltd. Adfactors PR 1. Mr. Naresh Kumar - Chief Financial Officer 1. Mr. Mohit Burman - AGM Corporate Communication naresh@askbrake.com mohit.burman@askbrake.com 2. Mr. Sanjeev Arora - Sr. VP Finance & Head IR 2. Mr. Rushabh Shah investor@askbrake.com rus