Gabriel India Limited · NSE:GABRIEL
Gabriel India — Q2 FY2025 Earnings Presentation
58 slides from Gabriel India's earnings presentation, October 2024
Slide 1: Gabriel India Ltd. Investor Presentation
Gabriel India Ltd. Investor Presentation October 2024 Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 1
Slide 2: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form th
Slide 3: Table of Contents
TABLE OF CONTENTS 1 H1 & Q2 FY25 Result Update 2 Corporate Overview 3 Business Overview 4 Strategy Going Forward Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 3
Slide 4: H1 & Q2 FY25 Result Update
H1 & Q2 FY25 Result Update Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 4
Slide 5: Financial Highlights – Q2 FY25
FINANCIAL HIGHLIGHTS – Q2 FY25 Q2 FY25 Revenue EBITDA PBT Rs. 804 Mn Rs. 700 Mn Rs. 9,240 Mn 8.7% 7.6% Q1 FY25 Rs. 8,642 Mn Q1 FY25 Rs. 780 Mn / 9.0% Q1 FY25 Rs. 691 Mn / 8.0% Q2 FY24 Rs. 8,644 Mn Q2 FY24 Rs. 753 Mn / 8.7% Q2 FY24 Rs. 630 Mn / 7.3% EBITDA & PBT as % of Revenue Gabriel India Ltd. | w
Slide 6: Financial Highlights – Q2 FY25
FINANCIAL HIGHLIGHTS – Q2 FY25 Revenue EBITDA PBT Rs. 9,240 Mn Rs. 804 Mn [8.7%] Rs. 700 Mn [7.6%] Q2 FY 24 : 8,644 Mn [+6.9%] Q2 FY 24 : 753 Mn [+6.8%] Q2 FY 24 : 630 Mn [+11.2%] Q1 FY 25 : 8,642 Mn [+6.9%] Q1 FY 25 : 780 Mn [+3.1%] Q1 FY 25 : 691 Mn [+1.3%] Balance Sheet Cash Flow Capex Net Cash p
Slide 7: Financial Highlights – H1 FY25
FINANCIAL HIGHLIGHTS – H1 FY25 Revenue EBITDA PBT Rs. 17,882 Mn Rs. 1,580 Mn [8.8%] Rs. 1,391 Mn [7.8%] H1 FY 24 : 16,702 Mn [+7.1%] H1 FY 24 : 1,444 Mn [+9.4%] H1 FY 24 : 1,207 Mn [+15.3%] Balance Sheet Cash Flow Capex Net Cash position of Rs. 3,293 Mn Cash Flow from operations to the Capex incurre
Slide 8: Financial Track Record
FINANCIAL TRACK RECORD P&L (Rs. Mn) Q2 FY25 Q2 FY24 YoY Q1 FY25 QoQ FY24 FY23 YoY Revenue from Operations 9,240 8,644 6.9% 8,642 6.9% 33,426 29,717 12.5% Gross Margin (%) 25.2% 24.7% 0.5% 25.2% 0.0% 25.1% 23.7% 1.4% EBITDA Margin (%) 8.7% 8.7% 0.0% 9.0% -0.3% 8.8% 7.2% 1.6% Net Margin (%) 5.7% 5.4%
Slide 9: Quarterly Performance Trend
QUARTERLY PERFORMANCE TREND Revenue (Mn) Margins 33,426 8.1% 8.6% 8.7% 8.8% 9.0% 9.0% 8.7% 8.0% 7.7% 7.7% 7.3% 6.9% 7.1% 7.4% 7.2% 7.1% 6.6% 7.1% 7.0% 29,717 5.1% 5.5% 8,586 6.3% 6.7% 6.1% 5.9% 5.7% 5.3% 5.4% 5.3% 4.3% 3.9% 3.9% 4.6% 5.0% 2.7% 4.2% 4.2% 3.9% 4.6% 4.6% 4.1% 4.5% 7,370 23,320 Q1FY20 Q
Slide 10: Profit & Loss Statement
PROFIT & LOSS STATEMENT Particulars (Rs. Mn) Q2 FY25 Q2 FY24 YoY Q1 FY25 Q-o-Q FY24 FY23 Y-o-Y Revenue from Operations 9,240 8,644 6.9% 8,642 6.9% 33,426 29,717 12.5% Raw Material 6,910 6,507 6,467 25,051 22,688 Raw Material % to Sales 74.8% 75.3% 74.8% 74.9% 76.3% Employee Expenses 602 542 532 2,06
Slide 11: Financial Track Record
FINANCIAL TRACK RECORD Revenue (Rs Mn) EBITDA (Rs Mn) & EBITDA Margin (%) PAT 3,500 12.0% 33,426 2,930 3,000 1852 2,137 8.8% 8.8% 10.0% 29,717 2,500 7.4% 7.2% 8.0% 1,324 23,320 6.0% 6.3% 2,000 17,882 1,580 6.0% 1039 18,699 16,948 1,376 1,459 847 895 1,500 +12.3% 1,025 4.0% 1,000 603 2.0% +16.9% 500
Slide 12: Key Ratios
KEY RATIOS Return on Equity (%) Return on Assets (%) Fixed Asset Turnover (x) 19.3 12.1 7.6 18.4 11.5 7.2 13.0 11.7 15.2 6.6 8.7 9.3 5.7 8.8 5.1 6.6 4.4 6.0 FY20 FY21 FY22 FY23 FY24 H1 FY25 FY20 FY21 FY22 FY23 FY24 H1FY25 FY20 FY21 FY22 FY23 FY24 H1 FY25 Current Ratio (x) Debt : Equity Ratio Dividen
Slide 13: Revenue Mix (Inc. Trading)
REVENUE MIX (INC. TRADING) Segment Mix Channel Mix Aftermarket 2% 2% 2% 2% 2% 2% 2% 12% 12% 12% 12% 12% 12% 12% 1% 16% 12% 10% 11% 12% 12% 12% 11% 10% 14% 15% 14% 13% 13% 12% 13% 12% 7% 9% 8% 10% 9% 8% 10% 7% 20% 21% 22% 24% 23% 23% 25% 25% 40% 35% 36% 37% 36% 36% 36% 34% 86% 85% 86% 87% 87% 88% 87%
Slide 14: Balance Sheet
BALANCE SHEET Assets (Rs. Mn.) Sep-24 Mar-24 Mar-23 Equity and Liabilities Sep-24 Mar-24 Mar-23 (Rs. Mn.) Non-current assets 5,593 5,577 4,857 Equity 10,757 10,086 8,703 Current assets 11,576 10,543 9,423 Non-Current Liabilities 322 356 384 Current liabilities 6,090 5,678 5,193 Total Assets 17,169 1
Slide 15: Cash Flows
CASH FLOWS Cash Flow from Operations (Rs. Mn) Cash Flow used in Investing (Rs. Mn) Cash Flow used in Financing (Rs. Mn) 2,039 1,889 1,701 523 1,201 1,364 962 1,197 950 1,038 381 278 337 241 686 428 693 217 FY 20 FY 21 FY 22 FY23 FY24 H1FY25 FY 20 FY 21 FY 22 FY23 FY24 H1 FY25 FY 20 FY 21 FY 22 FY23
Slide 16: Vision 2025
VISION 2025 Exports Domestic Dominance Mergers & Acquisitions Technology Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 16
Slide 17: Our Strategic Business Drivers: Exports
OUR STRATEGIC BUSINESS DRIVERS Exports Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 17
Slide 18: Creating Global Presence Through Exports
CREATING GLOBAL PRESENCE THROUGH EXPORTS Export Sales - Quarter 303 316 Leveraging Resource in Europe for 276 290 286 285 Export order from DAF relationship with exploring Netherlands 251 228 218 237 232 234 Global OEMs in India opportunities in 204 to penetrate their 196 Overseas Markets Glob
Slide 19: Our Strategic Business Drivers: Domestic Dominance
OUR STRATEGIC BUSINESS DRIVERS Domestic Dominance Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 19
Slide 20: YTD Segment Performance – 2W & 3W (Incl. AM)
YTD SEGMENT PERFORMANCE – 2W&3W (INCL. AM) Performance • H1 FY25 vs H1 FY24 sales value growth was 10.7%. This growth was contributed by good sales performance in OLA and TVS where we have high SOB. Recent Launches 65% % to Total Sales 30% Market Share • TVS Raider ( Drum Version) [63% in Q1 FY25] [
Slide 21: Gabriel India Ltd: Well-Entrenched Amongst All 2W/3W EV Players
GABRIEL INDIA LTD: WELL– ENTRENCHED AMONGST ALL 2W/3W EV PLAYERS Top EV Manufacturers GIL Presence 1. Ola Electric 2. Bajaj Auto 3. TVS Motor Co 4. Ather Energy 5. Hero MotoCorp 6. Greaves Electric 7. BGauss Auto Source: smev.in/fy-24-25 17.42% 87% 10% 42% 44% Highest EV 2W Sales in GIL Market Share
Slide 22: E-Bike Fork Business
E-BIKE FORK BUSINESS MTB Front fork MEETING THE NEEDS OF SPECIFICATIONS- 29“ version 100 mm and 130mm travel option Tapered steerer Coil Spring and Oil Damper TAIGAR 1 Attribute By Gabriel and Spur Mountainbikes ISO MTB Approved 35mm Stanchion Apple Air Tag Mount Clearance for large tire and
Slide 23: YTD Segment Performance – Passenger Vehicles (Incl. AM)
YTD SEGMENT PERFORMANCE – PASSENGER VEHICLES(INCL. AM) Performance H1 FY25 vs H1 FY24 sales value growth was 2.7%. This growth was 23% 24% • contributed majorly by Utility Vehicles and Van Segment. % to Total Sales Market Share New Program [24% in Q1 FY25] [24% in Q1 FY25] • Tata Motors: Curvv EV •
Slide 24: Gabriel Presence: Utility Vehicles / SUV-Coupe
GABRIEL PRESENCE: UTILITY VEHICLES/ SUV-COUPE • Manufacturing Facility: Chakan & Khandsa • R&D Centre: Pune • Product Portfolio: McPherson struts, Tata Curvv ICE/ EV Stellantis Basalt Citroen Volkswagen Taigun Skoda Kushaq Gas Shock Absorbers, Steering Dampers • Commenced the technology of FSD (Freq
Slide 25: YTD Segment Performance – Commercial Vehicles
YTD SEGMENT PERFORMANCE – COMMERCIAL VEHICLES (INCL. AM & RAILWAYS) Performance H1 FY25 vs H1 FY24 CV segment de-grow by 8.7% in sales value New Program 10% % to Total Sales [88% 88% Market Share in Q1 FY25] [11% in Q1 FY25] Mahindra – UPP E1, TML – Steering Damper, Tata - Coral, TVS – N606, Pinnacl
Slide 26: Gabriel Presence – Railways
GABRIEL PRESENCE- RAILWAYS 2024 2007 2022 2016 2019 1978 2021 Conventional Coach EMU Coach LHB Coach Train 18 Coach Electric Locomotive Vande Bharat Coach Siemens E Loco Shox – 2 Variant Shox – 8 Variant Shox – 6 Variant Shox – 4 Variant Shox – 4 Variant Shox – 4 Variant Shox – 4 Variant 4 Nos / Coa
Slide 27: Aftermarket
AFTERMARKET Strong Brand Extensive Distribution Recent Widest Presence Through Equity Network Highlights Product Range Allied Products • Brand “Gabriel” • 10 CFA locations & 700+ • Achieved 3% growth over Q2 • Only Company present in all • Leveraging Brand 23-24. Sale Q2 (24-25) – 1080 the segments
Slide 28: Our Strategic Business Drivers: Merger & Acquisition
OUR STRATEGIC BUSINESS DRIVERS Merger & Acquisition Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 28
Slide 29: IGSSPL Plant
IGSSPL PLANT Plant Location Assembly Line PU Line Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 29
Slide 30: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Mn) Q2 FY25 Q1 FY25 Consolidated P&L Revenue from Operations 10,271 9,466 Raw Material 7,603 7,024 Raw Material % to Sales 74.0% 74.2% Employee Expenses 644 602 Employee Expenses % to Sales 6.3% 6.4% Inalfa Gabriel Particulars (MINR) Q2 FY25 % Ot
Slide 31: Our Strategic Business Drivers: Technology
OUR STRATEGIC BUSINESS DRIVERS Technology Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 31
Slide 32: Gabriel Europe Engineering Centre (GEEC)
GABRIEL EUROPE ENGINEERING CENTRE (GEEC) • Competence Centre for knowledge transfer and training • Centre of Excellence aiming to become Best in Class on Global Suspension Market • Joint development of Gabriel Next Generation Technologies with GIL R&D and global external partners • Located at Thor P
Slide 33: Gabriel Pune Tech Centre: IGBC Certified Green Building
GABRIEL PUNE TECH CENTRE: “IGBC” CERTIFIED GREEN BUILDING Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 33
Slide 34: Gabriel Tech Centre: Powering Our Future, Driving Possibilities
GABRIEL TECH CENTRE: POWERING OUR FUTURE, DRIVING POSSIBILITIES In-house facility for customers for ride tuning of vehicles Advanced damper technology for the enhanced user experience CO2 footprint reduction through product light weighting and use of green technologies Virtual analysis for s
Slide 35: Achieving Engineering Excellence
ACHIEVING ENGINEERING EXCELLENCE Laser Welding Technology, Friction Designed & Developed Remote Welding Technology, Water based Canister Shock Absorber Autophoretic Paint System Adjustable Electronic-Hydraulic Shock Absorbers with Shock Absorber for a leading SUV Floating Piston vehicle in Aftermark
Slide 36: R&D, Innovation and Technology: Essential Components for Strategic Evolution
R&D, INNOVATION AND TECHNOLOGY: ESSENTIAL COMPONENTS FOR STRATEGIC EVOLUTION At Gabriel India, our constant endeavors towards investing in R&D, innovation and technology are considered integral to our continuous improvement process. Our R&D technology centres at Hosur and Chakan ( recently launched)
Slide 37: Core 90 Cost Reduction Drive
CORE 90 (COST REDUCTION IN 90 DAYS) CORE 90 COST REDUCTION DRIVE Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 37
Slide 38: Awards & Accolades
Awards & Accolades Gabriel India Limited (GIL) got nominated for the prestigious “Local Hero” Award at a glittering VW Group Award 2024 event at their Head Quarters in Wolfsburg, Germany (Global level award). GIL was the only Indian supplier to be nominated across all 10 categories Gabriel India Ltd
Slide 39: Awards & Accolades
Awards & Accolades Quality Circle Forum of India – “ Three GOLD award” in 2nd Runner up Award in CII Madhya Pradesh Kaizen Energy conservation competition Pune chapter in May-24 competition in Jun-24 Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 39
Slide 40: Corporate Overview
Corporate Overview Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 40
Slide 41: Gabriel at a Glance
GABRIEL AT A GLANCE Corporate Profile • Incorporated in 1961 • Pioneer of Ride Control Products in India with state-of-the-art integrated operations • Strong R&D focus, employing 72 specialists, highest in the industry • Experienced, professional management team and Board of Directors • Marquee clie
Slide 42: Strategic Manufacturing Footprint
STRATEGIC MANUFACTURING FOOTPRINT Khandsa - PC Parwanoo - 2W,CV,AM Dewas - CV,3W Sanand – 2W Nashik – 2W GIL Plants Chakan – PC,CV,3W GIL Satellite Locations IGSSPL Plant IGSSPL Chennai – 4W *Maps not to scale. All data, information, and maps are provided "as is" without warranty or any representati
Slide 43: Strategic Manufacturing Footprint
STRATEGIC MANUFACTURING FOOTPRINT Sanand 2023 Chakan Tata Motors, HMSI, Volkswagen, M&M, Toyota, Tata Motors, Bajaj 1997 2010/ Auto, Piaggio, DAF & Indian Railways . 2019 IGSSPL, Chennai Hyundai Dewas Hosur Tata Motors, M&M, 1992 TVS, HMSI, Royal 1997 Daimler, Force Motors, Enfield, Yamaha, Suzuki,
Slide 44: Competitive Advantages
COMPETITIVE ADVANTAGES Strong Parentage of Quality at Competitive Anand Group Price • Flagship company of ANAND Group, a one-stop • 7 state-of-the-art facilities in proximity to OEMs solution provider for customers ensures just-in-time supply as per demand while • Leverage partnerships, systems, pro
Slide 45: Relationships with Marquee OEM Customer Base
RELATIONSHIPS WITH MARQUEE OEM CUSTOMER BASE 2/3 Wheelers Passenger Cars CV & Railways Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 45
Slide 46: Safety Focus
SAFETY FOCUS Collaboration for training with British Safety Council Dexterity Centre for induction training App Based abnormality reporting Online work permit monitoring Safety House Standardization: Communication Training & Skill Continual Technology R&R and Consequence Development Improvem
Slide 47: Human Resources
HUMAN RESOURCES In-depth sectoral knowhow Mar’ Mar' Mar’ Mar’ Mar’ Key Metrics Seasoned Resources 24 23 22 21 20 Revenue per employee 0.72 0.66 0.61 0.43 0.51 (Rs Cr) Strong employee Average employee experience 8.0 8.0 8.0 9.0 8.0 connect (person years) Investment in training programmes 2.48 1.94 1.
Slide 48: Great Place to Work – Five Consecutive Years
“GREAT PLACE TO WORK” – FIVE CONSECUTIVE YEARS 2019 • Rank #90 among Top 100 Companies to work for in India 2018 • Rank #89 among Top 100 Companies to work for in India 2017 • Ranked in Top 25 workplaces in • Ranked #2 in Auto & Auto manufacturing in India Component Industry • Rank #52 among Top 100
Slide 49: Sustainability Mission
SUSTAINABILITY MISSION CUSTOMER VALUE Mission TO BE CARBON & WATER NEUTRAL BY 2025 WITH ZERO WASTE TO LANDFILL Gabriel India Ltd. | www.anandgroupindia.com/gabrielindia/ 49
Slide 50: Sustainability
SUSTAINABILITY Reduction in Carbon Footprint 45 0.89 42.7 40 36.0 35.3 0.90 0.78 33.9 35 31.3 31.2 28.1 0.80 30 26.2 26.7 CUSTOMER 0.65 24.9 0.66 25 0.70 VALUE 21.7 21.5 19.5 20.0 20 17.3 15.6 14.1 15.5 13.5 0.49 0.60 0.54 15 0.48 0.47 12.9 0.48 23.4 0.46 15.4 0.50 0.50 10 13.4 12.5 13.3 0.37 12.8 5
Slide 51: Sustainability Report Launch
SUSTAINABILITY REPORT LAUNCH GABRIEL Launched its Second ‘Sustainability Report’ for 2022-23 Pillar Focus Area Ambition Governing Cyber Security By 2024, all sites to be ISO 27001 certified Integrity Ethical Business By 2024, train all employees on Human Rights issues. conduct Abating Waste Manageme
Slide 52: Biodiversity Report 2023-24
Biodiversity Report 2023-24 Gabriel launched its first Biodiversity Report for Chakan Plant 2023-24 Gabriel India Limited has proudly published its inaugural Biodiversity Assessment Report for the Chakan Plant, aligned with the GRI Framework 2016. This comprehensive report underscores our commitment
Slide 53: CSR Initiatives 2023-24
CSR INITIATIVES 2023-24 Focus Parwanoo Gurugram Rewari Jawai Dewas Nashik Hosur Area Provide scholarships - - Engage with 09 govt. Engage with 4 govt. Engage with 10 govt. Engage with 02 govt. to ten girls to schools (1K+ schools (400 students) schools (800 students) to schools (300 continue their s
Slide 54: Board of Directors
BOARD OF DIRECTORS Anjali Singh Mahendra K Goyal Jagdish Kumar Atul Jaggi Executive Chairperson Group President & Group CEO Group President & Group CFO Managing Director Gabriel India ANAND Group ANAND Group Gabriel India Pradeep Banerjee Matangi Gowrishankar Pallavi Joshi Bakhru Mahua Acharya Non-E
Slide 55: Executive Leadership
EXECUTIVE LEADERSHIP Atul Jaggi Managing Director Amitabh Srivastava Rishi Luharuka Vinod Razdan Koen Reybrouck Anand Sontakke R. Vasudevan Prashant Shah Abdul Wahid Chief Operating Officer, Chief Financial Officer, Chief Human Chief Technical Chief Operating Officer Chief Marketing Officer Chief Pu
Slide 56: Customer Awards & Accolades
CUSTOMER AWARDS & ACCOLADES Special Award by Volvo ZERO KM PPM and Quality MSES-A Level Award Eicher Commercial Vehicles certification by Toyota Kirloskar by Mahindra & Limited Motor Mahindra Award for Pre "C" VA activity by Honda Motorcycle and Scooter Periodic Cost Reduction Award By Supplier Samr
Slide 57: Industry Awards & Accolades
INDUSTRY AWARDS & ACCOLADES Quality Excellence Award in 9th FICCI 45th International Convention Gabriel Gold in Manufacturing Excellence in Very Quality System excellence awards for India, Nashik received Platinum Award Large Category by Automotive Industry and National Conference by ICQCC Dhaka Com
Slide 58: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Nilesh Jain Mr. Jigar Kavaiya / Pratik Shah secretarial@gabriel.co.in jigar.kavaiya@sgapl.net / p.s.shah