Samvardhana Motherson International Limited · NSE:MOTHERSON

Samvardhana Motherson International — Q3 FY2021-22 Earnings Presentation

27 slides from Samvardhana Motherson International's earnings presentation, Feb 11, 2022

  1. Slide 1: Motherson Sumi Systems Limited exchange filing cover letter

    Motherson Sumi Systems Limited Head Office: C-14 A & B, Sector 1, Noida – 201301 Distt. Gautam Budh Nagar, U.P. India Tel: +91-120-6752100, 6752278, Fax: +91-120-2521866, 2521966, Website: www.motherson.com February 11, 2022 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Fl

  2. Slide 2: Motherson Sumi Systems Ltd. Financial Performance Q3 FY 2021-22

    Proud to be part of. Motherson Sumi Systems Ltd. (MSSL) Financial Performance Q3 FY 2021-22

  3. Slide 3: Key Highlights, Results, Appendix

    • Key Highlights • Results Q2 FY22 vs Q3 FY22 • Appendix- • Proforma Financials Combined Entity & MSWIL

  4. Slide 4: Key Highlights. Q3FY22 Financial Highlights

    Key Highlights. Recovery in operations as production trends improve QoQ. Revenues of Rs 16,903 crores and EBITDA of Rs 1,383 crores for Q3. Q3FY22 Financial Highlights. Consolidated Standalone • Quarterly revenues of Rs. 16,903 crores • EBITDA of Rs 355 crores at a margin of 15.5%. • Quarterly EBITD

  5. Slide 5: Achieved key milestones for Motherson 2.0 with EPS accretion

    Achieved key milestones for Motherson 2.0 with EPS accretion. Important milestones for Re-organisation Proforma Financials (Q3FY22) 23rd December, Receipt of final Samvardhana Motherson International Limited (SAMIL) 2021 NCLT approval (Combined entity post re-organisation) • Revenue is INR 16,435 cr

  6. Slide 6: Business Highlights. Operational Updates and Industry Update

    Business Highlights. Operational Updates – SAMIL (erstwhile MSSL). Industry Update. • SMRPBV EBITDA margin up by 80bps QoQ. However, high • PV production trends improved across most resin prices and escalated freight and wages remain key geographies' vs Q2. However, some headwinds. supply side chall

  7. Slide 7: Diversification has helped increase revenues in line with volume recovery

    Diversification (3CX10) has helped increase revenues in line 1 with the volume recovery across key geographies. Key Passenger Vehicle Markets (Production) Europe United States +31% QoQ +11% QoQ Consolidated revenues +14% QoQ 4.15 3.89 2.26 2.97 2.15 2.04 Jun-21 Sep-21 Dec-21 Jun-21 Sep-21 Dec-21 Ind

  8. Slide 8: Partial revenue recovery has led to uptick in consolidated EBITDA vs Q2

    2 Partial revenue recovery has led to uptick in consolidated EBITDA vs Q2. (Rs in Crores) Q3 EBITDA However, elevated improvement led input costs and EBITDA. by higher overheads have revenues outside dampened the India margin recovery 11.4% 11.2% in Q3 1 10.0% 8.7% 8.2% 8.1% 0 2,041 2,006 0 1,553 1,

  9. Slide 9: Sequential improvement across most businesses in Q3

    3 Sequential improvement across most businesses in Q3. Revenue. Consolidated (Rs in Crores) Standalone (Rs in Crores) SMRP BV (In Million Euros) PKC (In Million Euros) 16,903 14,881 14% 2,207 2,294 € 1,311 4% € 1,089 20% € 283 € 293 4% €0 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY

  10. Slide 10: Leverage levels remain under control in Q3

    4 Leverage levels remain under control in Q3. (Rs in Crores) Net Debt to EBITDA (LTM) due to higher 14,00 0 1.8 base effect of Debt levels for Q3FY21 1. 8 12,00 0 1.5 Dec-21 exclude SAMIL merger for 1. 6 1.4 1.3 a like-for-like 1.2 1. 4 10,00 0 comparison. 1,251 1.1 1. 2 8,000 1,341 1,270 1,199 1. 0

  11. Slide 11: Results Q2 FY22 vs Q3 FY22

    • Key Highlights • Results Q2 FY22 vs Q3 FY22 • Appendix- • Proforma Financials Combined Entity & MSWIL

  12. Slide 12: MSSL Consolidated: Q2FY22 vs Q3FY22

    MSSL Consolidated : Q2FY22 vs Q3FY22. (Rs in Crores) Revenues. EBITDA. 16,903 14,881 14% 8.2% 8.1% 1,383 1,208 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 PBT. PAT (Concern Share). (before exceptional items) 537 246 217 341 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 11 11

  13. Slide 13: MSSL Standalone: Q2FY22 vs Q3FY22

    MSSL Standalone : Q2FY22 vs Q3FY22. (Rs in Crores) Revenues. EBITDA. 2,207 2,294 4% 15.5% 15.0% 355 332 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 PBT. PAT. (before exceptional items) 37% 45% 453 - 286 378 191 208 262 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 Dividend inco

  14. Slide 14: SMRPBV (In Euro Terms): Q2FY22 vs Q3FY22

    SMRPBV (In Euro Terms) : Q2FY22 vs Q3FY22. (In Million Euros) Revenues. EBITDA. € 1,311 35% € 1,089 20% 40. 0% 35. 0% 7.3% 6.5% 30. 0% 25. 0% 20. 0% € 96 15. 0% € 71 10. 0% 5. 0% 0. 0% Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 PBT. PAT (Concern Share). (before exceptional items) € 27 €

  15. Slide 15: SMP & SMR (In Euro Terms): Q2FY22 vs Q3FY22

    SMP & SMR (In Euro Terms) : Q2FY22 vs Q3FY22. (In Million Euros) SMP Revenues. SMP EBITDA. € 975 € 801 22% 7.1% 6.4% € 69 € 51 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 SMR Revenues. SMR EBITDA. €335 €289 12. 0% 11. 0% 16% 10. 0% 9. 0% 16% 8. 0% 7. 0% 6. 0% 5. 0% 4. 0% 3. 0% 2. 0% 9.0%

  16. Slide 16: PKC (In Euro Terms): Q2FY22 vs Q3FY22

    PKC (In Euro Terms) : Q2FY22 vs Q3FY22. (In Million Euros) Revenues. EBITDA. € 293 € 283 4% 286% 3.9% 3.1% € 11 €9 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 PBT. PAT (Concern Share). 20% (€ 3) (€ 4) (€ 4) 100% (€ 5) Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 15 15

  17. Slide 17: Proforma Financials MSWIL: Q2FY22 vs Q3FY22

    Proforma Financials Motherson Sumi Wiring India Ltd (MSWIL): Q2FY22 vs Q3FY22. (Rs in Crores) Revenues. EBITDA. 1,400 1,445 14.4% 3% 13.5% 186 208 Q2 FY 2021-22 Q3 FY 2021-22 Q2 FY 2021-22 Q3 FY 2021-22 PBT. PAT. 30 0 (before exceptional items) 175 25 0 300 153 250 20 0 200 15 0 150 10 0 100 114 132

  18. Slide 18: SAMIL businesses have remained strong QoQ

    200 8. 0% 150 6. 0% 100 4. 0% SAMIL businesses have remained strong QoQ* 3 50 2. 0% 0 0. 0% FY 20 FY 21 Q2FY21 Q1FY22 Q2FY22 All amounts in INR Crores SAMIL Business (ex MSSL ex.SMRP BV) Revenue EBITDA EBITDA % Margin Net Debt 2,800 2,651 Aggregate 13.3% 11.6% 14.5% 13.2% 12.9% 1,399 1,260 1,383 1,2

  19. Slide 19: Debt Status

    Debt Status. Debt on account of reorganization A. Net Debt. scheme Net Debt. Rs. In Mar-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21* Crores 8,739 Gross 7,627 11,770 11,292 10,745 10,445 11,060 13,457 Debt 6,897 1,483 6,206 6,158 - Cash & 4,873 5,086 5,938 4,287 3,433 4,718 - - Bank 4,807 - (Rs. in Crores)

  20. Slide 20: Reference Rates, Notes & Safe Harbor

    Reference Rates, Notes & Safe Harbor. Copper Rates. Notes. 1. This presentation has been prepared from the unaudited financial results for the Average Q3 2020-21 Q2 2021-22 Q3 2021-22 quarter ended on 31st December 2021. Explanatory notes have been added with additional information LME Copper (USD /

  21. Slide 21: Appendix

    • Key Highlights • Results Q2 FY22 vs Q3 FY22 • Appendix- • Proforma Financials Combined Entity & MSWIL

  22. Slide 22: Proforma Financials Combined Entity (SAMIL) - Summary

    1 Proforma Financials Combined Entity (SAMIL) - Summary (Erstwhile Motherson Sumi Systems Ltd.) (Rs in Crores) Financials FY21 Q1 FY22 Q2 FY22 Q3 FY22 9M FY22 Revenue from operation 58,225 16,408 14,415 16,435 47,258 EBITDA 4,688 1,367 1,082 1,232 3,681 EBITDA Margin (%) 8.1% 8.3% 7.5% 7.5% 7.8% EBI

  23. Slide 23: Combined Entity (SAMIL): Vertical wise profitability

    2 Proforma Financials Combined Entity (SAMIL): Vertical wise profitability. (Erstwhile Motherson Sumi Systems Ltd.) 9MFY22 - (Rs in Crores) Vertical Revenues EBITDA Margin Wiring Harness 16,106 1,341 8.3% Vision Systems 9,696 938 9.7% Modules & Polymer Products 26,181 1,995 7.6% Others1 3,222 250 7.

  24. Slide 24: Combined Entity (SAMIL): Quarterly EBITDA trend

    Proforma Financials Combined Entity (SAMIL): Quarterly EBITDA trend. 3 (Erstwhile Motherson Sumi Systems Ltd.) (Rs in Crores) EBITDA However, improvement in elevated input Q3 led by higher prices and EBITDA. revenues overheads have outside India dampened the margin recovery in Q3 11.0% 10.4% 1 9.8%

  25. Slide 25: Combined Entity (SAMIL): Quarterly leverage levels

    4 Proforma Financials Combined Entity (SAMIL): Quarterly leverage levels. (Erstwhile Motherson Sumi Systems Ltd.) (Rs in Crores) Higher Net Debt to EBITDA (LTM) 14,00 0 due to high base 2.0 effect in 1.9 1.8 2. 0 12,00 0 Q3FY21 1.7 1.6 10,00 0 1,422 1.4 1,356 1,292 1. 5 1,440 8,000 1,395 1,376 1. 0

  26. Slide 26: Proforma Financials Summary – MSWIL

    Proforma Financials Summary – MSWIL (Rs in Crores) Financials FY21 Q1 FY22 Q2 FY22 Q3 FY22 9M FY22 Revenue from operation 4,138 1,114 1,400 1,460 3,973 Raw Materials consumed 2,640 713 901 936 2,550 Employee costs 758 214 235 239 688 Other expenses* 264 72 78 76 226 EBITDA 476 115 186 208 509 EBITDA

  27. Slide 27: Thank you

    motherson Thank you. Proud to be part of samvardhana motherson fl

Samvardhana Motherson International — Q3 FY2021-22 Earnings Presentation on 6ix