Hi-tech Gears Limited · NSE:HITECHGEAR
Hi-tech Gears — The Hi-Tech Gears — Q4 FY24 Earnings Presentation
27 slides from Hi-tech Gears's earnings presentation, Jun 1, 2024
Slide 1: Intimation under Regulation 30 - Earnings Presentation
@ THE HI-TECH GEARS LTD. CIN - L29130HR1986PLC081555 Corporate Office: Millennium Plaza, Tower-B, Sushant Lok-1, Sector-27, Gurugram -122009, Haryana, INDIA Tel.: +91(124) 4715100 E-mail: secretarial@thehitechgears.com June 01, 2024 The Manager, The Manager, Listing Department, Listing Department, N
Slide 2: Earning Presentation Q4/12M-FY24
[2) tHE Hi-tECH GEARS e (]t LN EARNING PRESENTATION Q4/12M-FY24
Slide 3: Snapshot
SNAPSHOT [2) tuiE Hi-TECH GEARS 5 10+ 37 Years Manufacturing 2,500+ Exports to Of Experience Plants Employees Countries Strategic 14% Marquee Partners 3 Year 58% Global Customers to Major Auto Revenue CAGR 3 Year PAT CAGR OEMs
Slide 4: Company Overview
COMPANY OVERVIEW E]THEHl—TECHGEARS CONSOLIDATED REVENUE (INR MN) & EBITDA MARGINS (%) The Hi-Tech Gears Ltd. (THGL) was incorporated in 1986 and has grown to be an auto component manufacturer of high repute, supplying engine and transmission components to diverse marquee customers across the globe.
Slide 5: Key Strengths
KEY STRENGTHS [2) tuiE Hi-TECH GEARS One of the leading manufacturers One of the very few component Strategically located state-of-the- of critical high-precision gears, manufacturers catering to diverse art manufacturing facilities in shafts and Transmission segments of automobiles and India, Canad
Slide 6: Global Footprint and Marquee Customers
GLOBAL FOOTPRINT AND MARQUEE C MERS ETHEHI—TECHGEARS DAIMLER & @ &) DaimlerA.G. JCBPower . cummins . Robert Bosch Magna UCB Powertrain ygpz @ Perkins = - Hero L , / Pid - Daimler Fuso L] A M\ MAGNA . Cummins INDUSTRIAL poweraan wacun | CANADA I*I o Robert Bosch . = Cummins Foton Cummihs Daimler Amer
Slide 7: Diversified Business Presence
DIVERSIFIED BUSINESS PRESENCE E] THE HI-TECH GEARS TWO-WHEELER JAWA == MOTORCYCLES.COM DAIMLER w TATA MOTORS PASSENGER CARS CINH INDUSTRIAL Association with Top players in each segment
Slide 8: Manufacturing Plants
Plant-1, Bhiwadi Plant-ll, Manesar Plant-lll, Bhiwadi Plant-1, Guelph, Canada Plant-ll, Emporium USA Est. 1986 Est. 2005 Est. 2011 Acquired 2017 Acquired 2017
Slide 9: Product Portfolio
PRODUCT PORTFOLIO E] THE HI-TECH GEARS Commer cial & Off- Highway Vehicles Pow: erTake Off Trans mission Components
Slide 10: Manufacturing Capabilities and Processes
Hot Forging Gear Grinder Warm Forging Honing, Cold Forging Gear Honing, Cold Extrusion Hard Turning, Coining Grinding, etc. CNC Turning Vertical Machining Center EDM . Gear Cutting (Wet & Dry Hobbing / Broaching / Shaping / Shaving) Spline Rolling Auto Shaft straightening Deep Hole Drilling etc. Nor
Slide 11: EV Business Wins
Won EV business from Hero Moto Corp and Dana — currently in Production Active quotes across customers in EV space
Slide 12: Financial Overview
FINANCIAL OVERVIEW
Slide 13: Q4/12M-FY24 Financial Highlights
Q4/12M-FY24 FINANCIAL HIGHLIGHTS E]THEHI—TECHGEARS Q4-FY24 Consolidated Highlights Q4-FY24 Standalone Highlights INR 2,869 Mn INR 408 Mn INR 178 Mn INR 2,030 Mn INR 272 Mn INR 162 Mn Operational Operational EBITDA Net Profit EBITDA Net Profit Income Income 0.1% YoY* 22.9% YoY 7.2% YoY 7.7% YoY 9.7%
Slide 14: Q4/12M FY24 Operational Highlights
Q4/ 12M FY24 OPERATIONAL HIGHLIGHTS E]THEHl—TECHGEARS * Standalone India business Q4 FY24 revenues increased YoY on account of higher take-off in Passenger Car Export Customers and Other Income. * However, full year standalone India business revenues remained similar to FY23. * Standalone India busi
Slide 15: New Business Wins: India and North America
NEW BUSINESS WINS: INDIA AND NORTH AMERICA BTHEHl—TECHGEARS New business won ~ X 1,754 Mn annualized Current Customer New Customer ‘ Current Customer ’ ‘ New Customer ’ FY 22-23 1,081 Mn X673 Mn X301 Mn X494 Mn EV Business ICE Business ‘ Entry into Indian Passenger Car customers ’ X360 Mn %1,394 Mn
Slide 16: Quarterly Consolidated Financial Performance
QUARTERLY CONSOLIDATED FINANCIAL PERFORMAN C 4l ) [ PARTICULARS (INR MN) Q4-FY24 Q4-FY23 Q3-FY24 m Operational Revenue 2,869 2,865 0.1% 2,729 5.1% Total Expenses 2,461 2,533 (2.8)% 2,322 6.0% EBITDA 408 332 22.9% 407 0.2% EBITDA Margin (%) 14.24% 11.59% 265 Bps 14.91% (67) Bps Depreciation and amort
Slide 17: Quarterly Standalone Financial Performance
ARTER ANDALONE FINANCIAL PERFORMANCE i F) [ pup—— Lpacricuiars iR | aerael __asrasvov ;e a0l Operational Revenue 2,030 1,885 7.7% 1,936 4.9% Total Expenses 1,758 1,637 7.4% 1,648 6.7% EBITDA 272 248 9.7% 288 (5.6%) EBITDA Margin (%) 13.40% 13.16% 24 Bps 14.90% (150) Bps Depreciation and amortisation
Slide 18: FY2023-24 Consolidated Financial Performance
FY2023-24 CONSOLIDATED FINANCIAL PERFORMANCE ETHEHI-TECHGEARS PARTICULARS (INR MN) FY24 FY23 Operational Revenue 11,069 11,692 (5.3)% Total Expenses 9,569 10,278 (6.9)% EBITDA 1,500 1,414 6.1% EBITDA Margin (%) 13.55% 12.09% 146 Bps Depreciation and amortisation 612 822 (25.5)% Finance costs 378 332
Slide 19: FY2023-24 Standalone Financial Performance
FY2023-24 STAN NE FINANCIAL PERFORMANCE ) [ T Operational Revenue 7,800 7,818 (0.2)% Total Expenses 6,748 6,725 0.3% EBITDA 1,052 1093 (3.8)% 13.49% 13.98% (49) Bps EBITDA Margin (%) Depreciation and amortisation 316 316 0.0% 182 171 6.4% Finance costs Other Income 93 88 5.7% PBT 647 694 (6.8)% Tax
Slide 20: Historical Consolidated Income Statement
HISTORICAL CONSOLIDATED INCOME STATEMENT E]THEHI-TECHGEARS Particulars (INR Mn) Fy21 FY22 FY23 FY24 Revenue from Operations 7,455 9,706 11,692 11,069 Expenses 6,556 8,889 10,278 9,569 EBITDA 899 817 1,414 1,500 EBITDA Margins (%) 12.06% 8.42% 12.09% 13.55% Depreciation and amortisation 431 523 822 6
Slide 21: Historical Standalone Income Statement
HISTORICAL STANDALONE INCOME STATEMENT E] THE HI-TECH GEARS PARTICULARS (INR MN) Fy21 FY22 FY23 FY24 Revenue from Operations 5,224 6,446 7,818 7,800 Expenses 4,400 5,497 6,725 6,748 EBITDA 824 949 1,093 1052 EBITDA Margins (%) 15.77% 14.72% 13.98% 13.49% Depreciation and amortisation 252 304 316 316
Slide 22: Historical Consolidated Balance Sheet
HISTORICAL CONSOLIDATED BALANCE SHEET E]THEHI-TECHGEARS PARTICULARS (INR MN) FY22) FY23 FY24 PARTICULARS (INR MN) FY22 FY23 FY24 NON-CURRENT ASSETS 5,924 5,390 4,925 EQUITY 3,308 3,545 4,662 a) Property, plant and equipment 3,871 3,853 3,417 b) Capital work-in-progress 382 132 37 Equity Share Capita
Slide 23: Historical Standalone Balance Sheet
HISTORIC AN\ NE BALANCE SHEET E]THEHI—TECHGEARS NON-CURRENT ASSETS 4,266 4,089 4016 couiy 3,493 3,976 4,431 a) Property, plant and equipment 1,935 1,840 1,791 Equity Share Capital 188 188 188 b) Capital work-in-progress 160 126 32 c) Right of Use Assets 271 263 332 Other Equity 3,305 3,788 243 d) Ot
Slide 24: Historical Consolidated Financial Highlights
HISTORICAL CONSOLIDATED FINANCIAL HIGHLIGHTS i) R astusppmpi OPERATIONAL REVENUE (INR MN) EBITDA (INR MN) & EBITDA PAT (INR MN) & PAT MARGINS (%) MARGINS (%) 1,143 11,692 11,069 9,706 1,414 1,500 ) I I Fy21 FY22 FY24 Fy21 FY22 FY23 FY24 Fy21 FY22 FY23 FY24 NET DEBT TO EQUITY (X) CASH CONVERSION CYCL
Slide 25: Capital Market Information
CAPITAL MARKET INFORMATION E] THE HI-TECH GEARS SHARE PRICE PERFORMANCE Jul-23 Aug-23 Sep-23 Nov-23 Jan-24 Feb-24 Mar-24 ——Sensex ==The Hi- Tech Gears Ltd MARKET DATA (INR) AS ON 31 March, 2024 SHAREHOLDING PATTERN AS ON 315" MARCH, 2024 Face Value 10.0 cmMP 768.5 52 Week H/L 798.4/243.0 Public, 43.
Slide 26: Disclaimer
DISCLAIMER E]THEHl—TECHGEARS The Hi Tech Gears Limited Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such informatio
Slide 27: Thank You
THANK YOU