Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q1 FY2022 Earnings Presentation
53 slides from Lumax Auto Technologies's earnings presentation, Aug 11, 2021
Slide 1: Stock exchange intimation letter for investor presentation
LATL:CS:IP:2021-22 Date: 11.08.2021 BSE Limited The National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Mumbai - 400051 Securit
Slide 2: Lumax Auto Technologies Limited Investor Presentation – Q1 FY2022
Lumax Auto Technologies Limited Investor Presentation – Q1 FY2022
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: 75 Glorious Years of Lumax DK Jain Group
75 Glorious Years of Lumax DK Jain Group 3
Slide 5: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 15 Entities in 8 States 33 Manufacturing Facilities 4 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 4
Slide 6: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY21 Revenue of Rs. 2,700 Cr Integrated Plastic modules, 2‐wheeler Chassis & Lighting, Gear Shifters, Transmission Products, Emission Systems, Seat Frames, Aftermarket, Telematics Products and Services
Slide 7: Purpose, Vision & Values
Purpose, Vision & Values LUMAX PURPOSE Idk JAIN eat OUR GROUP We celiver pride and progress wilh positivity LUMAX Lumax™ OUR VALUES Resovect litegrity Passion Excellence DK JAIN une Lumax™ QUR VISION Bai cing it admired high performance ¢ohal organisation ir wehom all szkebalde-s have absolute trust
Slide 8: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4‐wheelers & CV Telematics Products & Services Antennas HVAC Panel Transmission Products Destination Boards & Urea Tanks for Commercial Vehicle Aftermarket products 7
Slide 9: Diversified Product Range – 2-wheelers
Diversified Product Range – 2‐wheelers 8
Slide 10: Diversified Product Range – Commercial Vehicles
Diversified Product Range – Commercial Vehicles 9
Slide 11: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp 10
Slide 12: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING, HVAC PANELS JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AND OTHER ELECTRONICS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 37.5% in Lumax 78.72% in SL Lumax 50% in Lumax
Slide 13: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence GERMANY ISRAEL SPAIN JV FOR MANUFACTURE AND JV FOR OXYGEN SENSORS SUPPLY TRANSMISSION PRODUCTS Relationship Since 2019 Relationship Since 2017 50% in Lumax Jopp Allied Technologies Ltd 49% in2014 Relationship Since Lumax FAE Technologies Pvt. Ltd. JAPAN J
Slide 14: 33 Locations close to Customers
33 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 3 Manesar 4 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Andhra Anantpur 1
Slide 15: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team Environment‐conscious work Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 16: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 15
Slide 17: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 16
Slide 18: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 19: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors ‐ S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Integrated Plastic modules, 2‐whee
Slide 20: Milestones
Milestones 1981: Lumax Auto Electricals 2006: Lumax DK Auto Industries was established to manufacture Limited became a 100% 2‐wheeler Lighting at Bhosari, subsidiary. Name of the Maharashtra company was changed to Lumax Auto Technologies Limited 1988: Name of the company 2013‐15 was changed to Dhane
Slide 21: Milestones
Milestones 2016: Pantnagar plant received 2019: Inauguration of Chassis TPM consistency award from facility at Aurangabad JIPM JV with JOPP, Germany to 2017: Chakan plant received manufacture and supply TPM excellence award from JIPM transmission products to the 2021 Indian automotive industry Forme
Slide 22: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 100% 55% 100% 100% Lumax Cornaglia Lumax Mannoh Lumax Mettalics Pvt Lumax Management Lumax Integrated Auto Technologies Allied Technologies Limited * Services Pvt Limited Ventures Limited Pvt Limited Limited June 2007 Nov 2013 July
Slide 23: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Italy Japan Spain Israel JV for Oxygen Sensors JV for Telematics Products JV for Emission Systems JV for Gear Shifters and Services Relationship Since 2007 Relationship Since 2008 2017 2017 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied 49% in Lum
Slide 24: Cater to Diversified Segments
Cater to Diversified Segments Lighting Module(incl. Gear Shift Lever Integrated Plastic HL/TL/Indicators & Put Text Here Your Text Here Modules Others) Gear Shift Tower Gear Shift Lever Chassis for 2‐wheelers Control Housing Seat Structures Fabricated parts for 3‐ Intake Systems
Slide 25: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 24
Slide 26: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 4 No of Plants: 2 Integrated Plastic Lighting Modules Products Gear Shifters Painted Parts Transmission Products Products OE Accessories Oxygen Sensors Integrated Plastic Module & Urea Tank Gurugram (HR) Domes
Slide 27: Shareholding as of 30th June, 2021
Shareholding as of 30th June, 2021 Shareholding breakup Others 18.97% Institutions Promoters 25.05% 55.98% 26
Slide 28: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets Emission Systems – Increase Presence in Domestic Market & Enhance Customer 3 Out
Slide 29: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director He is 78 years of age & holds a MBA He is 42 years of age & holds Bachelors He is 46 years of age & is a Business Graduate degree from Delhi university & has in Business Administrati
Slide 30: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. A P Gandhi He is 71 years of age & He is 70 years of She is 51 years of He is 63 years of age • He is 83 years old & is a is a Mechanical age & holds B.A. age and she is a & hol
Slide 31: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Naval Khanna Mr. Vikas Marwah Mr. Raajesh Gupta Director & Group CFO Corporate Head – Taxation Chief Executive Officer Group Company Secretary Age: 53 years Age: 63 years Age: 54 years Age: 51 Years Experience: 29 Years Experience: 43 years Experi
Slide 32: Professional & Experienced Team
Professional & Experienced Team Mr. Rajesh Dubbewar Mr. Sanjay Bhagat Head Metallic Head After Market Age: 53 years Age: 54 years Experience: 30+ years Experience: 29 years Mr Ashish Popli Mr Anil Tyagi Head Mechatronics Company Secretary Age: 43 years Age: 49 years Experience: 21 years Experience:
Slide 33: Financial Performance
LUMNX Financial Performance
Slide 34: Product-wise Revenue Q1FY22
Product‐wise Revenue Q1FY22 Product‐wise Revenue mix FY21 Product‐wise Revenue mix Q1FY22 (Rs. 1,108 Crores) (Rs. 260 Crores) Emission Others 6% Intergrated Emission Others 7% Intergrated Plastic 7% 6% Plastic Modules Modules 28% 26% Shifter 11% Shifter 14% Lighting 12% Lighting 13% After Fabricatio
Slide 35: Segmental Revenue Break-Up Q1FY22: Category
Segmental Revenue Break‐Up Q1FY22: Category Category FY21 Category Q1FY22 (Rs. 1,108 Crores) (Rs. 260 Crores) 7% 9% 10% 9% 45% 13% 48% 20% 21% 18% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others 34
Slide 36: Customer wise – Revenue Q1FY22
Customer wise – Revenue Q1FY22 Customer wise FY21 Customer wise Q1 FY22 (Rs. 1,108 Crores) (Rs. 260 Crores) M&M Others M&M Others 2% 13% 4% 14% Tata 5% Bajaj Tata 35% 5% Bajaj 42% MSIL 6% MSIL 7% HMSI 10% HMSI 6% LIL LIL 9% After Market 9% After Market 20% 13% 35
Slide 37: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ 1,187.0 1,140.9 123.9 1,111.5 1,107.9 116.2 113.9 108.8 965.4 86.1 260.5 18.6 FY17 FY18 FY19 FY20 FY21 Q1FY22 FY17 FY18 FY19 FY20 FY21* Q1FY22 PAT After MI Cash PAT 53.2 80.3 84.3 81.3 48.7 49.8 47.1 74.0 34.5 58.1 12.0 3.4 FY17 FY18 FY19 FY20
Slide 38: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 606 609 25.5 533 23.4 23.3 481 424 375 15.0 11.0 11.5 FY17 FY18 FY19 FY20 FY21 Q1FY22 FY17 FY18 FY19 FY20 FY21 Q1FY22 Capex Long Term Debt / Equity 79 0.05 0.05 0.05 65 0.04 52 50 0.03 0.03 36 2 FY17 FY18 FY19 FY20 FY21 Q1FY22 FY1
Slide 39: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 24.0 10.7 11.2 18.5 8.9 16.0 14.9 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Dividend (% of Face Value) EPS^ (in Rs.) 150.0 150.0 150.0 7.8 7.2 7.3 7.3 6.9 100.0 47.0 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 (Proposed) ROCE = EBIT / Capit
Slide 40: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q1 FY22 Q1 FY21 Y‐o‐Y Q4 FY21 Q‐o‐Q FY21 Revenue 260.5 71.0 267% 388.0 ‐33% 1,107.9 Raw Material Consumption 176.0 48.0 264.1 750.7 Employee Expenses 36.9 22.5 40.3 132.4 Other Expenses 31.4 13.0 40.8 126.8 Other Income 2.8 4.0 4.0 18.2* Profit
Slide 41: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores.) Mar‐21 Mar‐20 EQUITY & LIABILITIES Mar‐21 Mar‐20 Non‐current assets Equity Property, plant and equipment 331.54 307.42 Capital work‐in‐progress 9.33 20.74 Equity Share capital 13.63 13.63 Investment Property 17.59 18.16 Non Controlling Interest 40.3
Slide 42: Awards & Recognitions
LUMNX Awards & Recognitions
Slide 43: Awards & Recognition
Awards & Recognition Aurangabad plant won the Gold Award in the category of Quality Circle at the 54th Mini Convention 2021 organised by QCFI in July 2021. Chinchwad plant won the Gold Award in the category of Quality Circle at the 54th Mini Convention 2021 organised by QCFI in July 2021. Aurangabad
Slide 44: Awards & Recognition
Awards & Recognition Aurangabad plant won the Silver Recognition Award in the category ‐ Manufacturing Sector Tier I ‐ Productivity Improvement for the Project ‐ Output / Man improvement in Swing Arm pipe through low cost automation at the 5th CII National Competition on Low Cost Automation held in
Slide 45: Awards & Recognition
Awards & Recognition Toyota Kirloskar Motor Pvt Ltd. recognised the efforts and commitment of Lumax Mannoh Allied Technologies Limited towards providing timely and quality delivery to Toyota in 2020. Pantnagar plant won the Silver Award in Excellence in HSE (Health, Safety and Environment) ‐ Very La
Slide 46: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A total of 368 teams from 13 countries participated in the global Quality Control Circles competition. Lumax Mannoh Allied Technologies Limited awarded fo
Slide 47: Awards & Recognition
Awards & Recognition Lumax Mettalics Pvt Ltd won the Gold Award in Excellence in HSE (Health, Safety & Environment) ‐ Small Category at the ACMA Technology Summit & Awards in November, 2019. Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 46
Slide 48: Awards & Recognition
Awards & Recognition Won the prestigious Gold award for Won the prestigious Platinum award Top 100 best annual report from for best annual report from League of League of American Communications American Communications Professionals (LACP) for excellence Professionals (LACP) for excellence within it
Slide 49: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 21 48
Slide 50: State-of-the-Art Manufacturing Facilities
State‐of‐the‐Art Manufacturing Facilities 49
Slide 51: State-of-the-Art Manufacturing Facilities
State‐of‐the‐Art Manufacturing Facilities 50
Slide 52: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 53: For further information, please contact
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Ms. Akashi Modi priyanka.sharma@lumaxmail.com shogun.jain@
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