Wardwizard Innovations & Mobility Ltd. · BSE:WARDINMOBI
Wardwizard Innovations & Mobility — Q1 FY24 Earnings Presentation
74 slides from Wardwizard Innovations & Mobility's earnings presentation, Sep 12, 2023
Slide 1: BSE cover letter for investor presentation
REF: WIML/BSE/IP/SEPTEMBER-2023 Date: 12th September, 2023 To, Corporate Relations Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 BSE Scrip Code: 538970 Script ID: WARDINMOBI Ref: Wardwizard Innovations & Mobility Limited (“Company”) Sub: Investor Presentation Dear Si
Slide 2: Wardwizard Innovations & Mobility Limited Q1 FY24
Wardwizard Innovations & Mobility Limited Investor Presentation Q1 FY24
Slide 3: Safe Harbour Statement
Safe Harbour Statement This presentation and the accompanying slides (the “Presentation”), which have been prepared by Wardwizard Innovations & Mobility Limited (Wardwizard, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subs
Slide 4: Company Overview
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Slide 5: Wardwizard @ Glance
Wardwizard @ Glance Wardwizard Innovations & Mobility Limited (Wardwizard, The Company) is a prominent manufacturer of Electric Two-wheeler Vehicles in India, operating under the brand name Joy e-bike. The Company has one of the broadest product lines of any EVscooters and motorcycle company With a
Slide 6: Our Journey
Our Journey Investor Presentation 5
Slide 7: State of the Art Manufacturing Facility
State of the Art Manufacturing Facility Located Vadodara Gujrat Close Proximity To The Vendors Spread Across 70,000 Sq Ft for 2 Wheeler Spread Across 20,000 Sq Ft for 3 Wheeler 1 Semi-automatic Assembly Line Annual Capacity Single Shift 1,20,000 Units PA for 2 wheeler A 2 wheeler Is Produced Every 1
Slide 8: Awards & Accolades
Awards & Accolades Best Electric Vehicle Manufacturing CEO - Mr. Yatin Gupte by M & A Global Awards The Economic Times Most Promising Business Leader Of Asia 2020 -2021 Investor Presentation 7
Slide 9: Awards & Accolades
Awards & Accolades Investor Presentation 8
Slide 10: Major Events of this Quarter
Major Events of this Quarter Power Couple Saif Ali Khan and Kareena Kapoor Khan Join Hands as Brand Ambassadors of Joy e-bike. Investor Presentation 9
Slide 11: Major Events of this Quarter
Major Events of this Quarter Associated with Gramin Sevikas and UNDP to Deliver 200 Electric Two Wheelers, Building the Communities around Ranchi Airport. Investor Presentation 10
Slide 12: Major Events of this Quarter
Major Events of this Quarter Displayed entire range of electric two & three wheelers at the 4th edition of Green Vehicle Expo in Bengaluru. Investor Presentation 11
Slide 13: Major Events of this Quarter
Major Events of this Quarter Established EV Centre of Excellence for Skill Development of Defence Personnel in Dogra Regimental Centre, Ayodhya Cantt in Faizabad, Uttar Pradesh. Investor Presentation 12
Slide 14: Management Overview
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Slide 15: Board of Directors
Board of Directors Sheetal Mandar Yatin Sanjay Gupte Sanjay Mahadev Gupte Bhalerao Chairman & Managing Executive Director Non-Executive – Non- Director Independent Director o Mr. Gupte currently serves as o Mr. Gupte currently serves as o Mrs. Bhalerao currently serves as Chairman and Managing Direc
Slide 16: Board of Directors
Board of Directors Bhargav Preyansh Bharatkumar Avishek Kumar Govindprasad Pandya Shah Non Executive – Non Executive – Non Executive – Independent Director Independent Director Independent Director o Mr. Pandya currently serves as o Mr. Kumar currently serves as Non o Mr. Shah has over 15 years of N
Slide 17: Board of Directors
Board of Directors Mrs. Rohini Abhishek Lt General Jai Singh Nain DR. JOHN JOSEPH Chauhan (Retd) Additional Non-Executive Non Executive – Additional Non - Executive Independent Director Independent Director Independent Director o Mrs. Chauhan has a total of nine o He has academic qualifications in o
Slide 18: Key Managerial Personnel
Key Managerial Personnel Jaya Ashok Bhardwaj Deepak Doshi Company Secretary Chief Financial Officer Compliance Officer o Ms. Bhardwaj currently serves as o Mr. Doshi currently serves as Company Secretary and Chief Financial Officer for Compliance Officer for Wardwizard Wardwizard o Prior to becoming
Slide 19: Senior Management
Senior Management Sanjay Kumar Sablok Tarun Kumar Sharma Ravidran Nambiar Vineet Akre President-Operations President- Marketing President of Sr. Vice President of & Branding International Business R&D & Production o Mr. Sanjay Sablok was o Mr. Tarun Sharma was o Mr. Nambiar currently serves as o Mr.
Slide 20: Senior Management
Senior Management Alok Jamdar Annasaheb Kumbhar VILAS PATURKAR Sneha Shouche Vice President of Associate Vice President - 3 Wheeler head Chief Marketing Operations (Production) Factory Head Officer o Mr. Jamdar currently serves as o Mr. Annasaheb Mahadev Kumbhar o Mr. Vilas is a competent o Mrs. Sne
Slide 21: Company Overview
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Slide 22: Product Portfolio
Product Portfolio Low-Speed E-Scooters With a 60V 24Ah detachable Lithium-Ion battery and a Glob is available in black, Stylish everyday commuter 250W DC hub motor, achieve blue, and rose gold. escooter. Dual shades: White- speeds of 25 kmph, handle up Lithium-Ion battery: 65km* red, Orange-silver,
Slide 23: Product Portfolio
Product Portfolio Electric Motorcycles MONSTER HURRICANE THUNDERBOLT BEAST E-MONSTER Experience dynamic Like a storm that glides Thunderbolt superbike The ferocious Joy EBike With a power with a 72V / effortlessly through the hits 110km* speeds, Superbike, named contemporary 33Ah Lithium-Ion city li
Slide 24: Product Portfolio Presence Across The Value Chain
Product Portfolio Presence Across The Value Chain Segment Models Performance Registration Market Segmentation Rural and Semi-Urban Low-Speed Electric Wolf Gen Next Nanu Low Speed Not Required Terrains Scooters Glob 16 – 25 years old High-Speed Electric E-Monster Beast Thunderbolt Hilly Terrains High
Slide 25: New Launches At Auto Expo 2023 - MIHOS
New Launches At Auto Expo 2023 - MIHOS MIHOS: It is designed and developed with Poly Battery DiCycloPentadiene (PDCPD) for Range Capacity additional durability and *130Km 74 V flexibility to absorb maximum impact on the road. Jet Black Glossy Matte White The new-age-high-speed electric scooter furth
Slide 26: New Launches At Auto Expo 2023 - E-RIK
New Launches At Auto Expo 2023 - E-RIK Available colours Max Speed o Yellow 50 -55 Kmph o Blue Joy E-Rik falls under Range o White L5 passenger 80-85 Km o Green category. The three (Without Load) wheeler is designed and developed by the R&D team with IP67 rated prime focus on battery pack promoting
Slide 27: New Launches At Auto Expo 2023 – Prototype Of Rockfeller
New Launches At Auto Expo 2023 – Prototype Of Rockfeller ROCKEFELLER has a special place in the history of the Company since it is connected to the initial products of Joy e-bike. The name also highlights the intent of contributing to human well- being, which is one of the key highlights behind the
Slide 28: New Launches – E-Cart
New Launches – E-Cart E-Cart / Garbage Range Per Capacity Max Speed Charge 310 Kgs 25 Kmph 150-160 Km Power ARAI Vehicle Warranty 1.5 Kw Approved Battery – 36 months Product – 12 months Investor Presentation 27
Slide 29: New Launches – E-Loader
New Launches – E-Loader E Loader – L5 Combi Drum Regenerative IP 67 Rated Break Front & Braking Battery Pack Rear IOT Smart Max Speed Digital features 50 Kmph Cluster Investor Presentation 28
Slide 30: Revolutionize Your Ride with Joy E – Connect
Revolutionize Your Ride with Joy E – Connect Take Control of Your Ride with Joy E-Connect: Smart, Secure, and Connected! Investor Presentation 29
Slide 31: Increasing Dealer Network
Increasing Dealer Network State Urban Area Rural Area Total Gujarat 44 137 181 Maharashtra 48 78 126 750+ Rajasthan 37 47 84 Dealers Madhya Pradesh 23 57 80 Chhattisgarh 9 10 19 Delhi/Haryana 47 29 76 Presence In 50+ Uttar Pradesh 50 39 89 Cities Bihar/Jharkhand 23 28 51 In 19 States & Odisha 3 16 1
Slide 32: 25+ Company Owned Retail Outlets
Company Owned Retail Outlets Joy e-bike Exclusive Showrooms are present 25+ different locations Investor Presentation 31
Slide 33: Q1 FY24 Green Expo
Q1 FY24 Green Expo NOIDA PUNE DELHI KOLKATA Reach 20,000 GREEN Lead VADODARA EXPO AURANGABAD 170 + Q1 FY24 BANGLORE Investor Presentation 32
Slide 34: Highlights Of All The Events
Highlights Of All The Events MCCIA – Pune Business Jatra EV Expo -Kolkata April 2nd to 05th, 2022 November 11th & 12th, 2022 April 20th to 24th, 2022 EV Expo BIEC – Bangalore Bombay Exhibition Centre - Mumbai May 06th to 08th, 2022 May 26th to 28th, 2022 Investor Presentation 33
Slide 35: Auto Expo and other events
Auto Expo – Shri Chhatrapati Advantage Maharashtra VCCI Expo – Noida Shivaji Art Festival Expo Aurangbad Vadodara January 11th to 18th, 2023 February 2nd to 5th, 2023 January 5th to 8th, 2023 January 27th to 30th, 2023 Media Test Drive of E-Rik Global Business Summit Test Drive of Mihos March 24th a
Slide 36: Engaging Marketing Techniques To Create Brand Awareness
Engaging Marketing Techniques To Create Brand Awareness At Auto Expo 2023 Investor Presentation 35
Slide 37: Engaging Marketing Techniques To Create Brand Awareness
Engaging Marketing Techniques To Create Brand Awareness Marketing in Indian Railways Investor Presentation 36
Slide 38: Stadium Branding
Stadium Branding Approx Reach 3Cr+ Investor Presentation 37
Slide 39: TV Plan
TV Plan Approx Reach 37.2 Cr+ Investor Presentation 38
Slide 40: Festive Season
Festive Season Approx Reach 1 Cr+ Investor Presentation 39
Slide 41: Sponsorship
Sponsorship Fitisan , Vadodara Real Kabaddi League, Jaipur Thomso, IIT Roorkee, Uttarakhand 1 August 15,2022 2 September 21 to 30,2022 3 October 15, 16 and 17,2022 APPX. Reach : 70,000 + APPX. Reach : 3L + APPX. Reach : 30,000 + 4 Vadodadra Marathon, Vadodara 5 LVP Heritage Garba, Vadodara January 8
Slide 42: Film Festival (DPIFF) Awards 2023
Film Festival (DPIFF) Awards 2023 Investor Presentation 41
Slide 43: SWOT Analysis
SWOT Analysis Strength Opportunities s • Enactment of stringent emission and fuel economy norms. • Part quality need improvements • Increasing consumer demand due to awareness of environmental • High Unit cost concerns. • System need to be strengthen. • Ongoing technology upgradation and significant
Slide 44: Industry Overview
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Slide 45: EV Mobility Market Overview & Government Initiative In India
EV Mobility Market Overview & Government Initiative In India The Indian government has planned US$ 3.5 billion in Investment flow into EV start- incentives over a five-year The EV market in India is ups in 2021 touched an all- period until 2026 under a estimated to reach Rs. 50,000 time high, increa
Slide 46: EV Mobility Market Overview & Government Initiative In India
EV Mobility Market Overview & Government Initiative In India The Indian government is There is a need to set up proper Mahindra & Mahindra has tied working to create an integrated charging infrastructure for EVs up with three electric vehicle EV mobility ecosystem with a in India, and various public
Slide 47: Multi-Dimensional Growth Opportunity
Multi-Dimensional Growth Opportunity Macro Level Secular global shift towards electric vehicles India currently ranks among the smallest electric vehicle markets, but is also one of the fastest growing Micro Level Differentiated product portfolio with unparalleled distribution capabilities in rural
Slide 48: India's Electric Vehicle Market: Small but Mighty in Growth!
India's Electric Vehicle Market: Small but Mighty in Growth! Global Warming India is among the most polluted Growth in countries in the world; Domestic ranked fifth in world’s Pollution top polluted countries 97% of the overall Global temperature is vehicle sales in the rising every year; 19 out las
Slide 49: State Government Incentives To Promote EV Adoption
State Government Incentives To Promote EV Addoption State Gujarat and Delhi Kerala Maharashtra Manipur Odisha Assam Demand Generation Incentive: Up to ₹ 5,000/kWh up to ₹ 10,000/kWh up to ₹ 30,000 ₹ 10,000 for the first 2 Wheeler ₹ 10,000/kWh -- ₹ 1,50,000 for the first 15% up to ₹ 5,000 Purchase In
Slide 50: Growing Electric Vehicle Sales In India
Growing Electric Vehicle Sales In India EV 2 Wheelers EV 3 Wheelers In Nos 7,27,370 FY21 – FY23 CAGR by Segment Electric 2 Wheelers 303% Electric 3 Wheelers 60% 2,52,550 2,32,702 2-wheeled electric vehicles are the 1,72,543 fastest growing segment within India’s dynamic electric vehicle 90,898 marke
Slide 51: Electric Vehicles Are Becoming More Compelling
Electric Vehicles Are Becoming More Compelling Electric Vehicles vs. Internal Combustion Engines (ICE) EVs Are Simpler: EVs Are More Powerful: EVs Have Begun to Make Economic EVs have fewer components and live 3.5 EVs can offer full torque at zero RPM, Sense: times longer than ICE vehicles whereas I
Slide 52: External Drivers, Key Differentiator, Strategic KPIs and Goals
External Drivers, Key Differentiator, Strategic KPIs and Goals The EV industry's future looks promising due to supportive policy measures, climate change mitigation efforts, cost benefits, and expanding infrastructure. Policy Initiatives • Government offers EV tax credits, funds EV infrastructure, e
Slide 53: Busting Common Electric Vehicle Myths
BUSTING COMMON ELECTRIC VEHICLE MYTHS MYTHS FACTS Electric vehicles are uneconomical Electric vehicles are more economical when you take fuel and maintenance costs. It takes too long to charge Cars park 90% of the time for home charging. In India, fast chargers can refill EVs from 20% to 80% in 30 m
Slide 54: The Way Forward
Ri ward = = . Was wizard Innovations & Mobility Limitec ~~ > NOL HOLD oe The Way Forward
Slide 55: Future Growth Drivers
Future Growth Drivers Enhance Distribution Channel Strengthening Position In To Have PAN India Presence Strategy Key Markets New Product Launches Develop India’s First EV Double Dealership Network Cluster Capacity Expansion Improve Margins Exploring Export Opportunities Investor Presentation 54
Slide 56: Expanding Presence
Expanding Presence • Wardwizard Innovations and Mobility Ltd. will restructure its distribution-dealer model. They will establish 150 'Distributor Showrooms' at the district level to strengthen relationships with Taluka-level Dealers. • The company plans to promote high-performing taluka dealers to
Slide 57: Inauguration Of Distributor Showroom - Jaipur
Inauguration Of Distributor Showroom - Jaipur Wardwizard has expanded its network by inaugurating a new distributor showroom, Dreamz EV World, in Jaipur at Mangalam Radiance Airport Plaza. This will help to reshape distribution-dealer model, emphasizing stronger relationships with taluka- level deal
Slide 58: Inauguration Of Distributor Showroom - Jaipur
Inauguration Of Distributor Showroom - Jaipur Investor Presentation 57
Slide 59: In-house Battery Assembly Line
In-house Battery Assembly Line • Wardwizard has commenced the operations of a lithium-ion battery assembly line. • This assembly line has a capacity of 1 GWh/year and is part of Wardwizard's Phase 1 development under the 'Make in India' initiative. • Under the phased development plan of the EV ancil
Slide 60: Steps taken to Improve Battery Safety
Steps taken to Improve Battery Safety Data Collection and Higher Grade Material Effective Thermal Monitoring Management Certified cells (IS 16893- Implementing efficient Our AI technology diligently Part 2 and Part 3) with thermal management monitors battery parameters like enhanced thermal stabilit
Slide 61: Steps taken to Improve Battery Safety
Steps taken to Improve Battery Safety Smart Battery Management Systems (BMS) Smart CAN-based Battery Management System (BMS) incorporates several crucial safety features to ensure the optimal performance Mechanical Integrity and protection of the battery system The battery pack is built with utmost
Slide 62: Steps taken to Improve Battery Safety
Steps taken to Improve Battery Safety Protection and Safety Enclosure and Sealing Continuous Research and Improved Battery Life Features The battery pack enclosure is Development We have developed diverse Our Battery packs thoughtfully designed to Our research aims to comprehend charging profiles th
Slide 63: Quality Assurance Activities
Quality Assurance Activities Quality Controls of Quality Controls of New Quality Controls of Quality Controls of Quality Controls Final Quality Management Supplier / Vendor Product Development Incoming Quality Process Quality Inspection & PDI System. Management Process Mapping is Incoming Inspection
Slide 64: EV – Ancillary Cluster
EV – Ancillary Cluster Acquired a 4 million The cluster will Signed MoU with Manufacturing partners sq. ft property for the consist of a R&D Gujarat Government The cluster will will be invited to co- cluster center and a for the investment of generate locate their production production center for ₹
Slide 65: Wardwizard's Singapore R&D Powerhouse for EV Innovation
Wardwizard's Singapore R&D Powerhouse for EV Innovation 1 2 3 4 5 Wardwizard Innovations & Wardwizard Global Pte Ltd. The decision to establish the The state-of-art facility will The company will expand its Mobility Ltd plans to set up will establish a global sales center and global sales office hol
Slide 66: Opportunities in EV Motor Manufacturing
Opportunities in EV Motor Manufacturing Wardwizard is now looking to backward integrate into the manufacturing of EV scooter/bike motors, which presents several exciting opportunities for the company. By manufacturing its own motors, the company can reduce its Cost dependence on third-party supplier
Slide 67: Brushless Direct Current Motors (BLDC)
Brushless Direct Current Motors (BLDC) The manufacturing plant will produce Brushless DC Motors to meet Joy e-bike’s own captive requirements and to supply Original Equipment Manufacturers (OEMs) in the electric vehicle industry throughout India. BLDC motors are highly efficient and offer excellent
Slide 68: Financial Overview
Ri ward = = . Was wizard Innovations & Mobility Limitec ~~ > NOL HOLD oe Financial Overview
Slide 69: Q1 FY24 Result Highlights
Q1 FY24 Result Highlights In ₹ Cr In Nos Particulars Q1 FY24 Q1 FY23 FY23 FY22 Y-O-Y% FY23 Sales Volume Net Sales 37.87 54.66 238.93 184.56 36,500 Other Income 0.02 0.06 0.36 0.58 Total Income 37.89 54.73 239.29 185.14 29.25% Expenses Raw Material costs 26.23 46.58 192.01 158.54 Employee Benefit Exp
Slide 70: Key Financial Highlights
Key Financial Highlights In ₹ In % In % EPS Book Value ROE ROCE 18.76 3.41 19.52 12.53 2.38 14.50 1.28 6.62 8.79 0.35 0.36 0.10 FY21 FY22 FY23 FY21 FY22 FY23 FY21 FY22 FY23 In Times In Times In ₹ Cr Current Ratio Asset Turnover Ratio Net Worth 5.10 88.80 1.91 4.50 62.24 1.12 1.17 2.54 28.11 FY21 FY2
Slide 71: Profit & Loss Statement
Profit & Loss Statement In ₹ Cr Particulars FY21 FY22 FY23 In ₹ Cr Revenue Revenues 39.32 184.56 238.93 238.93 Other Income 0.05 0.58 0.36 Total Income 39.37 185.14 239.29 184.56 Raw Material Costs 31.83 158.54 192.01 Employee Costs 3.02 6.13 8.44 Other Expenses 1.41 5.99 19.27 Total Expenditure 36.
Slide 72: Balance Sheet
Balance Sheet In ₹ Cr Equities & Liabilities FY21 FY22 FY23 Assets FY21 FY22 FY23 Equity 21.94 25.92 26.07 Non Current Assets Reserves 6.17 36.32 62.73 Fixed Assets 15.46 36.18 53.10 Net Worth 28.11 62.24 88.80 Other Non Current Financial Assets 3.82 2.96 0.14 Non Current Liabilities Other Non Curre
Slide 73: Annexures
Annexures Stock Information Shareholding Pattern As on 11-09-2023 As on 30-06-2023 BSE Code 538970 ISIN INE945P01024 Share Price (₹) 43.21 Market Capitalization (₹ Cr) 1,132.33 No. of Shares Outstanding 26,20,52,303 29.91 Face Value (₹) 1.00 52 Week High (₹) 78.00 52 Week Low (₹) 33.21 Corporate Act
Slide 74: Thank You
Mr. Deepak Doshi Chief Financial Officer Thank You Survey No. 26/2, Opp. Pooja Farm, Sigma College Road, Hanumanpura, Ajwa Road, Vadodara – 390019 (Gujarat) Email: cfo@Wardwizard.in Website: www.Wardwizard.in 713-B, Lodha Supremus II, Wagle Estate, Thane West – 400 604. Email: info@kirinadvisors.com
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