Slide 1: Exchange filing cover letter
May 19, 2023 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MINDAC
Slide 2: Earnings Presentation Q4 & FY2023
Earnings Earnings Presentation Presentation Q4 Q1 FY 2023 & FY2023 SPARK MINDA DISRUPT INNOVATE LEAD DISRUPT INNOVATE LEAD May 2023 www.sparkminda.com
Slide 3: Contents
SPARK MINDA DISRUPT INNOVATE LEAD Contents Quarter Updates Company Snapshot Q4 & FY2023 Performance & Updates Strategic Pillars of Growth ESG, CSR and Awards
Slide 4: SPARK MINDA - Kaleidoscope
SPARK MINDA - Kaleidoscope Leading Automotive Component Supplier – Since 1958 16,000+ 9 WORKFORCE PARTNERSHIPS 34 PLANTS/OFFICES INR 4,920 crores 14 13 REVENUE* INDIA NORTH INDIA WEST 4 3 INDIA SOUTH ASEAN VISION To be a dynamic, innovative and profitable global automotive organization for emerging a
Slide 5: Global & Domestic Presence
Global & Domestic Presence Overseas 2 Manufacturing Facilities North (14 Plants) 1 Office Madhya Pradesh (1 Plant) Domestic Japan West (13 Plants) 27 Manufacturing Facilities 3 Design Office Vietnam South 2 Office Indonesia (4 Plants) Manufacturing Facilities Major automotive clusters in India Head
Slide 6: Highlights of Q4 & FY23 Performance
Highlights of Q4 & FY23 Performance Enhancing the Core and Deepening Capabilities Q4 FY2023 FY2023 Revenue Growth for the Quarter continues to Revenue Growth of 45%** YoY despite challenging outperform the Industry performance macro-economic scenario Double Digit EBITDA margin for eleventh* straight
Slide 7: Consistent and Sustainable Market Beating Profitable Growth
Consistent and Sustainable Market Beating Profitable Growth REVENUE EBITDA PAT* Rs. In Cr. YoY 13% YoY 9% YoY 4% QUARTERLY 1,068 1,075 114 117 56 108 54 52 948 0.6% 2.5% 11.4% 7.3% 10.7% 10.9% 5.7% 4.9% 5.2% Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 Q4 FY22 Q3 FY23 Q4 FY23 EBITDA EBITDA Margin
Slide 8: Key Business Highlights – FY23
Key Business Highlights – FY23 New Tech Legacy New Tech First Time Legacy Product Product Legacy Product New Tech Integrated Keyless New Tech Legacy Wiring Harness Digital Cluster for Lockset for the Legacy Product Product complying with EV Wiring Harness Light Commercial New Tech Legacy largest Dom
Slide 9: One of India’s Leading Automotive Component Company
One of India’s Leading Automotive Component Company Capital Market Information Revenue Rs. 4,300 Cr (FY2023) (as on 31st March 2023) - Mechatronics BSE / NSE Ticker 538962 / MINDACORP - Information & Connected Systems Business Verticals - Plastics & Interiors Market Capitalisation Approx. Rs. 5,140
Slide 10: Indian Automotive Industry Performance – Q4 & FY23
Indian Automotive Industry Performance – Q4 & FY23 (Production Volumes in Mn) Commentary Q4 FY23 Growth (Y-o-Y) Auto Industry 1.7% • In FY23 overall demand continued to remain strong across segment despite increase in vehicle cost on the (3.0)% 6.25 6.35 back of improved consumer sentiments, robust
Slide 11: Revenue Breakdown – FY2023
Revenue Breakdown – FY2023 By Geography By End Market By Business Verticals* South East After Market, Passenger Europe & Asia, 8% Vehicles, 14% 12% Mechatronics North MIL, 16% + America, AfterMarket, 8% 6% 14% 10% 15% 48% 43% 23% Commercial 57% Vehicles**, 30% 47% 84% 2-3 Wheelers, Information India
Slide 12: Order Book – FY2023
Order Book – FY2023 Mechatronics Information & Connected Others Systems Rs. 2,550 Cr Rs. 4,699 Cr Rs. 540 Cr FY23 Lifetime Order Won FY23 Lifetime Order Won FY23 Lifetime Order Won 46% 54% 51% 49% 4% 96% Rs. 7,789 Cr Order Won FY23 7% 11% Exports Order 22% 4% won in FY23 is Rs. 25% 37% 1,033 Cr in v
Slide 13: Division Wise Revenue
Division Wise Revenue FY23 FY22 Others, 15% Lockset, Others, 16% Lockset, 26% 27% DCD, 17% DCD, 16% Clusters, Clusters, 12% WH, 30% 11% WH, 31% • Market Leader in 2W Lockset and Wiring harness business • Pioneer in Keyless Entry Solutions for 2W, Better control over quality in lockset with our own d
Slide 14: Consolidated Performance – Q4 & FY2023
Consolidated Performance – Q4 & FY2023 (Rs. Crores) Q4FY23 Q4FY22 Y-o-Y (%) Q3FY23 Q-o-Q (%) FY23 FY22* Y-o-Y (%) Operating Revenue 1,075 948 13.4% 1,068 0.6% 4,300 2,976 44.5% EBITDA 117 108 8.5% 114 2.5% 461 295 56.7% Margin (%) 10.9% 11.4% -49 bps 10.7% 20 bps 10.7% 9.9% 83 bps Profit Before Tax
Slide 15: Consolidated Leverage Position – FY2023
Consolidated Leverage Position – FY2023 Particulars (Rs. Cr) Mar 31st, 2023 Mar 31st 2022 Net Worth 1,591 1,330 Long Term Borrowings 235 130 Short Term Borrowings 318 261 Gross Debt 553 391 Less: Cash & Cash Equivalents 162 333 Net Debt 391 58 Net Debt / Net Worth 0.25x 0.04x Capital Employed 1,530
Slide 16: Business Verticals Performance – Q4 & FY23
Business Verticals Performance – Q4 & FY23 Quarterly Commentary – Q4 FY23 vs Q4 FY22 Full Year (in Rs. Cr) (in Rs. Cr) 547 535 Mechatronics and Aftermarket: Aftermarket Aftermarket Aftermarket Aftermarket 486 Aftermarket and Others and Others 2,061 • Revenue grew by 10% in Q4FY23 YoY due to increase
Slide 17: Journey of New Alliances
Journey of New Alliances Strengthening Technological capabilities by forging new alliances JV partnership JV partnership TLA with Stake TLA with with Stoneridge with Furukawa Ridevision for acquisition for Daesung Eltec for Cluster & for Wiring 2W ADAS EV Battery for ADAS Sensors Harness Charger Sol
Slide 18: Strategic Pillars of Growth
SPARK MINDA DISRUPT INNOVATE LEAD Strategic Pillars of Growth
Slide 19: Strategic Pillars of Growth
Strategic Pillars of Growth Strategic Pillars of Growth Outcome ✓ Transform and become complete solution provider and partner of OEM’s Focus on Innovation and Enhancing the Core Technology ✓ Cost leadership in manufacturing and Thought Safety Security System | Wiring Harness | Instrument Cluster | D
Slide 20: Engineering Capabilities
Engineering Capabilities Spark Minda Technical Centre, Pune Engineering Capabilities 250+ Electronics Hardware ~ 50 % in last 5 years Total IPs / Patents Filed 350+ Engineers | Embedded Software Embedded Software EMI / EMC Lab, Anechoic Chamber Accreditation ~2.0% of annual revenue Testing, HIL, SIL
Slide 21: Electric Vehicle: Growth Opportunity
Electric Electric Vehicle: Vehicle: Growth Growth Opportunity Opportunity Most of our Products are Electric Vehicle Agnostic In INR Potential EV Kit Value 16,000-20,000 8,000-10,000 2,000-2,500 2,000-3,000 4,000-4,500 New Product Increase in Increase in under content in * Legacy Content content in I
Slide 22: Value Proposition
ValueProposition Value Proposition High value, Technologically advanced products; Global presence with 34 plants Cost leadership in Manufacturing and Thought leadership position in Technology Offering Advanced Technology products and system solutions in Light weighting, Active Safety, Connected, Ele
Slide 23: ESG, CSR and Awards
SPARK MINDA DISRUPT INNOVATE LEAD ESG, CSR and Awards
Slide 24: ESG Sustainability Framework
ESG Sustainability Framework Driving Long-term Value Creation Through the Integration of Sustainability Earnings Presentation Page 23 of 35
Slide 25: Key ESG Initiatives – FY23
Key ESG Initiatives – FY23 Lives Impacted – FY23 ➢ 300+ People with Disabilities (PWDs) appointed in FY23 ➢ 1,100+ units of blood India Sustainability Award 2022 for ESG Blood Donation Camp donated/collected project Tree Plantation for the India at MCL WHD GN, MVAST Pune, SSD and SMIT Plantation Dri
Slide 26: Corporate Social Responsibility – Q4FY2023
Corporate Social Responsibility – Q4FY2023 Lives Impacted - FY23 ➢ 2,300+ Trained under Aakarshan Skill Development Programme and 70% achieved employment Fitments like Artificial limbs, wheelchairs, hearing aids, auxiliary crutches etc. distributed Aakarshan Convocation at Maharashtra, 9th National
Slide 27: Awards & Achievement – Q4FY2023
Awards & Achievement – Q4FY2023 • Business Vertical – 1 (Mechatronics, • Business Vertical – 2 (Information & Aftermarkets & others division) won 10 Connected System division) won 9 Awards awards during Q4FY23 during Q4FY23 • DCD Gr. Noida - Received Silver • CII - 2 Gold, 1 Silver and 3 Participati
Slide 28: Disclaimer
This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business developments