Hi-tech Gears Limited · NSE:HITECHGEAR
Hi-tech Gears — The Hi-Tech Gears — Q1 FY25 Earnings Presentation
24 slides from Hi-tech Gears's earnings presentation, Aug 8, 2024
Slide 1: The Hi-Tech Gears Ltd. Earnings Presentation Q1-FY25
THE HI-TECHPRESENTATION EARNING GEARS LTD. Q 1- F Y25 1
Slide 2: Snapshot
S N A P S H OT 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 2
Slide 3: Company Overview
C O M PA N Y O V E R V I E W CONSOLIDATED REVENUE (INR MN) & • The Hi-Tech Gears Ltd. (THGL) was incorporated in 1986 and has grown to be an auto EBITDA MARGINS (%) component manufacturer of high repute, supplying engine and transmission components to diverse marquee customers across the globe. 11,6
Slide 4: Key Strengths
KEY STRENGTHS 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, Canada and USA components en
Slide 5: Global Footprint and Marquee Customers
G L O B A L F O OT P R I N T A N D M A R Q U E E C U S TO M E R S Daimler A.G. JCB Power Cummins Robert Bosch Magna Powertrain Perkins UK GERMANY Daimler Fuso JAPAN Cummins CANADA Robert Bosch CHINA SOUTH KOREA Cummins USA Foton Cummins Daimler American Axle GKN Magna MEXICO Powertrain Robert Bosch
Slide 6: Diversified Business Presence
DIVERSIFIED BUSINESS PRESENCE TWO-WHEELER MEDIUM & HEAVY COMMERCIAL VEHICLES PASSENGER CARS AGRI, ENGINES AND OFF-HIGHWAY Association with Top players in each segment 6
Slide 7: Plants Across India and North America
PLANTS ACROSS INDIA AND NORTH AMERICA Manufacturing facilities in India Manufacturing facilities overseas Plant-I, Bhiwadi Plant-II, Manesar Plant-III, Bhiwadi Plant-I, Guelph, Canada Plant-II, Emporium USA Est. 1986 Est. 2005 Est. 2011 Acquired 2017 Acquired 2017 DUAL SHORE PRESENCE 7
Slide 8: Product Portfolio
PRODUCT PORTFOLIO Commercial & Off- Sintered Two-Wheeler Car Transmission & Engine Power Take Off Precision Forging & Highway Vehicles Transmission Driveline Gears Components Machining Components Transmission 8
Slide 9: Process Infrastructure
PROCESS INFRASTRUCTURE Forging Finishing • Hot Forging • Gear Grinder • Warm Forging • Honing, • Cold Forging • Gear Honing, • Cold Extrusion • Hard Turning, • Coining • Grinding, etc. Machining Tool Room & Die Manufacturing • CNC Turning • Vertical Machining Center EDM . • Gear Cutting (Wet & Dry H
Slide 10: Thrust on EV and New Technologies
THRUST ON EV AND NEW TECHNOLOGIES Electric Vehicle Components EV-Differential Assembly – EV deliver higher torque and power curve with fewer gear with higher rotational speed. THGL Initiatives: TW : Gear Component Final Assembly & Counter Assembly and Gear Drive PC : Helical Gear Components Advance
Slide 11: Financial Overview
FINANCIAL OVERVIEW
Slide 12: Q1-FY25 Financial Highlights
Q1-FY25 FINANCIAL HIGHLIGHTS Q1-FY25 Consolidated Highlights Q1-FY25 Standalone Highlights INR 2,606 Mn INR 410 Mn INR 142 Mn INR 1,794 Mn INR 277 Mn INR 144 Mn Operational Operational EBITDA Net Profit EBITDA Net Profit Income Income (1.1)% YoY 23.5% YoY 52.7% YoY (0.4)% YoY 16.9% YoY 39.8% YoY INR
Slide 13: Q1 FY25 Operational Highlights
Q 1 - F Y 2 4 - 2 5 O P E R AT I O N A L H I G H L I G H T S • Standalone India business Q1 FY25 revenues is at par YoY • Lower pick-up by Commercial Vehicle customers have been compensated by higher take-off by Passenger Car customers • Standalone India business profitability has increased YoY in Q
Slide 14: New Business Wins: India and North America
NEW BUSINESS WINS: INDIA AND NORTH AMERICA New business won ~ ₹ 1,754 Mn annualized New business won ~ ₹ 695 Mn annualized Current Customer New Customer Current Customer New Customer FY 22-23 ₹ 1,081 Mn ₹ 673 Mn FY 23-24 ₹ 301 Mn ₹ 494 Mn EV Business ICE Business Entry into Indian Passenger Car cust
Slide 15: Quarterly Consolidated Financial Performance
Q U A R T E R LY C O N S O L I D AT E D F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR MN) Q1-FY25 Q1-FY24 Y-O-Y Q4-FY24 Q-O-Q Operational Revenue 2,606 2,635 (1.1)% 2,869 (9.2)% Total Expenses 2,196 2,303 (4.6)% 2,461 (10.8)% EBITDA 410 332 23.5% 408 0.5% EBITDA Margin (%) 15.73% 12.60% 3
Slide 16: Quarterly Standalone Financial Performance
Q U A R T E R LY S TA N D A L O N E F I N A N C I A L P E R F O R M A N C E PARTICULARS (INR MN) Q1-FY25 Q1-FY24 Y-O-Y Q4-FY24 Q-O-Q Operational Revenue 1,794 1,802 (0.4)% 2,030 (11.6)% Total Expenses 1,517 1,565 (3.1)% 1,758 (13.7)% EBITDA 277 237 16.9% 272 1.8% EBITDA Margin (%) 15.44% 13.15% 229
Slide 17: Historical Consolidated Income Statement
H I S TO R I C A L C O N S O L I D AT E D I N C O M E S TAT E M E N T Particulars (INR Mn) FY22 FY23 FY24 Q1-FY25 Revenue from Operations 9,706 11,692 11,069 2,606 Expenses 8,889 10,278 9,569 2,196 EBITDA 817 1,414 1,500 410 EBITDA Margins (%) 8.42% 12.09% 13.55% 15.73% Depreciation and amortisation
Slide 18: Historical Standalone Income Statement
H I S TO R I C A L S TA N D A L O N E I N C O M E S TAT E M E N T PARTICULARS (INR MN) FY22 FY23 FY24 Q1-FY25 Revenue from Operations 6,446 7,818 7,800 1,794 Expenses 5,497 6,725 6,748 1,517 EBITDA 949 1,093 1052 277 EBITDA Margins (%) 14.72% 13.98% 13.49% 15.44% Depreciation and amortisation 304 31
Slide 19: Historical Consolidated Balance Sheet
H I S TO R I C A L C O N S O L I D AT E D B A L A N C E S H E E T 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 Sha
Slide 20: Historical Standalone Balance Sheet
H I S TO R I C A L S TA N D A L O N E B A L A N C E S H E E T PARTICULARS (INR MN) FY22 FY23 FY24 PARTICULARS (INR MN) FY22 FY23 FY24 NON-CURRENT ASSETS 4,266 4,089 4,016 EQUITY 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-p
Slide 21: Historical Consolidated Financial Highlights
H I S TO R I C A L C O N S O L I D AT E D F I N A N C I A L H I G H L I G H T S OPERATIONAL REVENUE (INR MN) EBITDA (INR MN) & EBITDA PAT (INR MN) & PAT MARGINS (%) MARGINS (%) 1000 1,143* 11,692 11,069 50.00% 9,706 800 45.00% 1,414 1,500 40.00% 600 35.00% 30.00% 817 25.00% 400 13.55% 410 20.00% 231
Slide 22: Capital Market Information
C A P I TA L M A R K E T I N F O R M AT I O N 250% 200% 150% 100% 50% 0% -50% Jul-2023 Aug-2023 Sep-2023 Oct-2023 Nov-2023 Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 May-2024 Jun-2024 Hi-tech gears SENSEX MARKET DATA (INR) AS ON 30th June, 2024 SHAREHOLDING PATTERN AS ON 30th JUNE, 2024 Face Value
Slide 23: Disclaimer
DISCLAIMER 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 information and opinions are
Slide 24: Thank You
THANK YOU