Slide 1: Uno Minda Limited filing cover letter
Uno Minda Limited (Fonnerly known as Minda Industries Limited) IIJIC•l MINDA] ---O~IVINC5 THE NEy.r-"' Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date: 12 November, 2024 National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor- 25, Bandra Kurla Complex, Bandra (E)
Slide 2: Investor Presentation November 2024
INVESTOR PRESENTATION November, 2024
Slide 3: Safe Harbor
SAFE HARBOR k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any
Slide 4: Content
CONTENT k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- 01. Industry Highlights 04 02. Operational Highlights 05 03. Financial Highlights 06 04. Business Review 11 05. Annexures 23 06. Overview: Uno Minda Group 25 3
Slide 5: Industry Highlights for Q2 FY25
INDUSTRY HIGHLIGHTS FOR Q2 FY25 k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Auto Industry growth momentum e-2W Registration recover continues led by recovery in 2W e-2W registration for the quarter increase by 58% Y-o- Y basis and 29% Q-o-Q basis as per SMEV. Recovery in 2W market with improved rural sent
Slide 6: Key Operational Highlights for Q2 FY25
KEY OPERATIONAL HIGHLIGHTS FOR Q2 FY25 k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Expansion in ASEAN Market Uno Mindarika plant PTMA to set up new plant for manufacturing of consolidation in North long tail lamps for PVs with capex of Rs 210 Cr Commences sub part manufacturing at new plant Existing plant
Slide 7: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 8: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Group Revenues (Including JVs and Consolidated Revenues increased by Associates) (Unaudited) higher by 17% Y- 17% Y-o-Y to o-Y Rs 5,112 Cr Rs 4,245 Cr for the quarter for the quarter - --- - --- EBITDA higher by 20% Y-o-Y
Slide 9: Consolidated Financial Highlights – Q2 FY25
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q2 FY25 k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- • Revenue (Rs. Cr) EBITDA (Rs. Cr) 482 17% 402 20% 150 125 46 4,245 27 3,621 258 291 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 ■ PBT ■ Interest ■ Depreciation ■ UML Revenue PAT* (Rs. Cr) Margin (%) 9% 11.09% 11.36% 225 245 5.10%
Slide 10: Business Review
BUSINESS REVIEW k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET 9
Slide 11: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Q2 FY24 (%) Q2 FY25 (%) Others Switches Others 21% 25% 16% Switches 26% Acoustics Acoustics 6% 4% Seatings Seatings 7% 8% Casting 21% Lighting 23% Casting 20% ---- Lighting 23% 10
Slide 12: Business Review
BUSINESS REVIEW k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 26% 26% 25% 25% 25% • Commences manufacturing of components at new 933 928 963 958 1057 greenfield plant at Farrukhnagar. Existing Manesar plant to be shifted by Q3 FY27 Switches Q2F
Slide 13: Business Review
~ BUSINESS REVIEW -o~,v~~f!"INDA] HE NEW-- Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 6% 6% 5% 5% 4% • Headwinds in European Auto market adversely 210 202 213 204 186 impacting our European subsidiary Clarton Horn operations Acoustic Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 8% 8% 7% 7
Slide 14: Revenue Breakups Q2 FY25
REVENUE BREAKUPS Q2 FY25 k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- OR 3W International Aftermarket CV 4% 2% 11% 7% 4% 4W 46% 2W 44% India OEM 89% 93% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 13
Slide 15: Aftermarket - Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, • Revenue of Rs. 282 Cr during the quarter Shocks & struts and Accessories • Leadership position in major products cate
Slide 16: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) t!Ot•)( MINDA) """"D~IVING THE NEW-- Low Voltage EV Products (48V to 96V) Sales to 2W Electric Vehicles Rs Crores Motor Controller Battery Management On-Board System 228 Charger 164 180 143 160 DC-DC Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Body Control Converter
Slide 17: EV Strategy for Four Wheeler
EV Strategy for Four Wheeler k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Wall Mounted Charging Unit Battery Disconnect Unit Under Production/Orders Won Integrated Charging 1 Battery Disconnect Unit Control Unit 2 AC Charging Cable 3 Integrated Charging Control Unit (OBC + DC DC + PDU) ( Low Voltage) Under
Slide 18: Product Portfolio under Inovance TLA
Product Portfolio under Inovance TLA - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -• k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- INOV~NCE Automotive Inovance a leading provider of Power intelligent components and Supply systems for electric and hybrid vehicles
Slide 19: Project Expansion Update
Project Expansion Update k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Total Cost (In Rs Expected Sr Product Line Entity Location Capacity Update Crs) SOP Q2 FY26 Project announced 1 4W Alloy Wheels Uno Minda Ltd 542 Kharkhoda 120k Wheel p.m. Phase 1 To be spend over 5 years Minda Kosei Q3 FY25 Land Acquisi
Slide 20: Project Expansion Update
Project Expansion Update k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Total Cost (In Expected Sr Product Line Entity Location Capacity Update Crs) SOP Commenced commercial 11 Airbags TG Minda (JV) 175 Neemrana 1.2 Mn unit p.a. Q3 FY25 production 12 Airbags TG Minda (JV) 283 Harohalli Greenfield Q1 FY27 Pro
Slide 21: Great Place to Work Certified
Great Place to Work Certified ------- ------- ------- ------- ------- -• k!Ot•)( MINDA] ---.::>~IVING THE NEW- Great 4 Years Great Great Place Great Place Place To Place To To To Work® Consecutive Work® Work® Work® Great Place To Work® Certified NOV 2021-NOV 2022 Certified Certified Certified Certif
Slide 22: Corporate Social Responsibility Initiatives
Corporate Social Responsibility Initiatives - - - - - - - - - - - - - - - - - - - - - ~==::· CSR TIM.Es" -~~ BHUTANI GOA CSR AUTHORITY Blood Donation Camp in Eye checkup camp at Samarth Collaboration with Red Cross Society Jyoti center, Pune (Ip ; · ntinued earning /j ess Pr CSR Times Award 2024 in
Slide 23: Annexures
4 ANNEXUR Internal
Slide 24: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT k!Ot•)I MINDA] ""'"'D~IVING THE NEW-- Particulars (Rs. Cr) Q2 FY25 Q2 FY24 YoY% Q1 FY25 QoQ% H1 FY25 H1 FY24 YoY% Revenue from Operations (Net of Excise) 4,245 3,621 17% 3,818 11% 8,062 6,714 20% Raw Material 2,754 2,377 2,460 5,214 4,363 Employee Cost 528 449 51
Slide 25: About Uno Minda
ABOUT UNO MINDA Internal
Slide 26: About Uno Minda
ABOUT UNO MINDA k!Ot•)I MINDA] UNO MINDA A Leading Auto Component & Systems Player, Uno Minda Limited is one of the leading manufacturers of auto components and systems with leadership across key product segments. Since 1958 ₹ 169B ($ 2.03 B) * TOP 200 74 The company has a well diversified product p
Slide 27: Domains & Product Groups
Domains & Product Groups Switches 4W, Lamps 2W, 3W, CV & 4W & CV Off road Electric Vehicle Lamps Products 2W, OR Sensors & Actuators Speakers Infotainment LPG CNG Systems Kits ADAS Horns Products Controllers Hoses Gear Shifters Blow Moulded & Seat Belts Parts Air Bags, Interior Air Filters Exterior
Slide 28: Engine agnostic portfolio with potential upside from EV transition
Engine agnostic portfolio with potential upside from EV transition Alternate Fuel Domains Product Lines ICE Hybrid BEV Systems 4W Switches & HVAC Sensors Controllers Seat Belts Electronic & Control Shifters Systems Infotainment Systems Cameras Telematics & TCU RPAS & ADAS More than 95% of Steering W
Slide 29: UML's Powertrain Focused Portfolio
UML’s Powertrain Focused Portfolio Domains Product Lines ICE H2 ICE CNG PHEV HEV BEV Portable Charging Unit Electronic & Control Systems Wall Mount Charger (EVSE) Safety & Comfort Systems Fuel Hoses/Fuel cap Lighting & Acoustics Alternate Fuel Systems Light Metal & Power Train Ai
Slide 30: Global Presence
GLOBAL PRESENCE Strategic Manufacturing Location Growing International Presence 68 29 HO Head RO Reg. 14 6 7 Sales 8 1 Plants Engg. Centers Office Office Warehouses Plants Office Engg. Centers Warehouse North zone. (31) [17] {1} East zone (1) Manesar (8) [6] HO Jamshedpur (1) Bawal (10) [5] Neemrana
Slide 31: Top Management Team
TOP MANAGEMENT TEAM Mr. Nirmal K Minda Mr. Ravi Mehra Mr. Amit Jain Mr. A.G. Giridharan Mr. Kundan K Jha Mr. Naveesh Garg Mr. Rajeev Gandotra Chairman & Managing Director Deputy Managing Director Group Chief Technical CEO- Safety & Comfort CEO, Light Metal & CEO- Electronics and CEO – Light & Acoust
Slide 32: In-house R&D helps drive Innovation
In-house R&D helps drive Innovation… Two-tier Engineering Organization Europe India Central R&D Centre With A Focus On Advanced & Future Technology Pune, Gurugram, Chennai, Hosur & Bangalore India Regensburg, Munich, Ingolstadt-1, Wolfsburg -2, Osnabruck-1 Germany Bilbao Spain Product-focused Busine
Slide 33: Uno Minda – Central R&D and Design Studio
UNO MINDA – Central R&D and Design Studio Locations Uno Minda’s first flagship centre for Key functional Competencies research engineering and advance technologies. Product Planning Technical Sales MISSION: Attain Technology Leadership with Simulation based Engineering Ingenious CREATors to Innovate
Slide 34: Nurturing Partnerships and Affiliations
Nurturing Partnerships and Affiliations JV- Steering Wheel with Airbags, Body Sealing, Fuel Caps, Hoses TLA – Speakers M&A Horns M & A Lighting Solutions JV - Panel & Control Switches, Seatbelts JV – Printed Circuit Boards JV – Vehicle Seat Recliners JV- Blow Molding JV - Speakers Gear Shifters (PCB
Slide 35: Potential Kit Value – Uno Minda
POTENTIAL KIT VALUE* – UNO MINDA As at the end of FY 2020 2021 2022 2023 2024 15798 14,261 14,901 14851 13,952 14,16114374 13,910 12,336 12,003 10,66111,027 9,675 9,585 9,231 8,457 8,243 7,110 6,978 7,181 7,324 7324 6,261 4,517 3,611 Economy Executive Premium Scooter Moped Up to 110 CC Up to 110 CC
Slide 36: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental Social Corporate Governance More than 90% of plants ISO Vision to enable Employee and 14001 & ISO 45001 certified Community Well-Being with 15% Renewable Energy Share – FY 23-24 (Environmental & OHS Management System) following organizational go
Slide 37: ESG Targets and Action Plan
ESG Targets and Action Plan ESG Targets Sustainalytics ✓ 60% Renewable energy share by 2030 ✓ Carbon Neutral Operations by 2040 ✓ Carbon Net Zero by 2050 Environment Social Governance • CO2 Footprint Reduction • Lost time Injury Case (> 48 Hrs.) • Robust Governance Mechanism Rooftop Solar Installati
Slide 38: Awards & Recognitions
Awards & Recognitions Customer Awards Mr. Nirmal K Minda, CMD, Uno Minda Limited, has Uno Minda is proud to secure 2023-24 been awarded the the Great Place To prestigious HURUN Self- Work® (GPTW) Certification made Entrepreneur Award, for the fourth consecutive year QUALITY 2023! in 2024! DELIVERY B
Slide 39: Group Strengths
Group Strengths Robust Systems and Governance mechanism Long Standing Located close to each Strategic & Relationships with customer Technology Driven Strong System, Processes with experienced board to drive OEMs Alliances Governance and Ethical Practices 6 Decades of Preferred Supplier Located in al
Slide 40: Thank You
Thank You Corporate Office For further information, please contact Follow us on Address: Village Nawada Fatehpur, P.O. Sikanderpur Mr. Ankur Modi Badda, Manesar, Gurgaon – 122004, India. Vice President Head Treasury and Communication Website: www.unominda.com amodi@unominda.com 39