Hi-tech Gears Limited · NSE:HITECHGEAR
Hi-tech Gears — The Hi-Tech Gears — Q2 FY25 Earnings Presentation
27 slides from Hi-tech Gears's earnings presentation, Nov 9, 2024
Slide 1: Regulation 30 intimation cover letter to stock exchanges
CIN - L29130HR1986PLC081555 Corporate Office: Millennium Plaza, Tower-B, Sushant Lok-1, Sector-27, Gurugram -122009, Haryana, INDIA Tel.: +91(124) 4715100 E-mail: secretarial@thehitechgears.com November 09, 2024 The Manager, The Manager, Listing Department, Listing Department, National Stock Exchang
Slide 2: Earnings Presentation Q2 / H1-FY25
THE HI-TECHPRESENTATION EARNING GEARS LTD. Q 2 / H1- FY25 1
Slide 3: 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 4: 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 component manufacturer of high repute, supplying engine and transmission EBITDA MARGINS (%) components to diverse marquee customers across the globe. 11,6
Slide 5: 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 6: 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 7: 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 8: 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 9: 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 10: 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 11: 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 12: Financial Overview
FINANCIAL OVERVIEW
Slide 13: Q2/H1-FY25 Financial Highlights
Q2/H1-FY25 FINANCIAL HIGHLIGHTS Q2-FY25 Consolidated Highlights Q2-FY25 Standalone Highlights INR 2,464 Mn INR 352 Mn 14.29% INR 1,731 Mn INR 255 Mn 14.73% Operational Operational Operational Operational EBITDA EBITDA Income EBITDA Income EBITDA -13.1% YoY 0.3% YoY Margin -14.9% YoY 0% YoY Margin IN
Slide 14: Q2/H1-FY25 Operational Highlights
Q 2 / H 1 - F Y 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 has witnessed reduction in revenue due to lower sales in commercial vehicle segment, which has been partialy compensated by higher take-off in Passenger Car export business. • Standalone India business profitabi
Slide 15: 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 16: 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) Q2-FY25 Q2-FY24 Y-O-Y Q1-FY25 Q-O-Q Operational Revenue 2,464 2,836 (13.1)% 2,606 (5.4)% Total Expenses 2,112 2,485 (15.0%) 2,196 (3.8)% EBITDA 352 351 0.3% 410 (14.1)% EBITDA Margin (%) 14.29% 12.38
Slide 17: 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) Q2-FY25 Q2-FY24 Y-O-Y Q1-FY25 Q-O-Q Operational Revenue 1,731 2,033 (14.9)% 1,794 (3.5)% Total Expenses 1,476 1,778 (17.0)% 1,516 (2.7)% EBITDA 255 255 NA 278 (7.9)% EBITDA Margin (%) 14.73% 12.54% 219 B
Slide 18: Half Yearly Consolidated Financial Performance
H A L F Y E A 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) H1 FY25 H1 FY24 Y-O-Y Operational Revenue 5,070 5,471 (7.3)% Total Expenses 4,308 4,788 (10.0)% EBITDA 762 683 11.6% EBITDA Margin (%) 15.03% 12.48% 255 Bps Depreciation and amortisation 316 300 5.
Slide 19: Half Yearly Standalone Financial Performance
H A L F Y E A 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) H1 FY25 H1 FY24 Y-O-Y Operational Revenue 3,524 3,835 (8.1)% Total Expenses 2,992 3,343 (10.5)% EBITDA 532 492 8.1% EBITDA Margin (%) 15.10% 12.82% 227 Bps Depreciation and amortisation 162 161 0.6% Fi
Slide 20: 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 H1 FY25 Revenue from Operations 9,706 11,692 11,069 5,070 Expenses 8,889 10,278 9,570 4,308 EBITDA 817 1,414 1,499 762 EBITDA Margins (%) 8.42% 12.09% 13.55% 15.03% Depreciation and amortisation
Slide 21: 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 H1 FY25 Revenue from Operations 6,446 7,818 7,800 3,524 Expenses 5,497 6,725 6,748 2,992 EBITDA 949 1,093 1,052 532 EBITDA Margins (%) 14.72% 13.98% 13.49% 15.10% Depreciation and amortisation 304 3
Slide 22: 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 H1 FY25 PARTICULARS (INR MN) FY22 FY23 FY24 H1 FY25 NON-CURRENT ASSETS 5,924 5,390 4,925 4,959 EQUITY 3,308 3,545 4,662 4,893 a) Property, plant and equipment 3,871 3,853 3,417 3,310 Equity Share Ca
Slide 23: 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 H1 FY25 PARTICULARS (INR MN) FY22 FY23 FY24 H1 FY25 NON-CURRENT ASSETS 4,266 4,089 4,016 4,167 EQUITY 3,493 3,976 4,431 4,668 a) Property, plant and equipment 1,935 1,840 1,791 1,791 Equity Share Capita
Slide 24: 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 MARGINS (%) PAT (INR MN) & PAT MARGINS (%) 11,692 1,499 11,069 160 0 1,414 16. 00% 140 0 12. 00% 9,706 1,143 10.32% 15.03% 140 0 14. 00% 120 0 10. 00% 120 0 13.55% 12
Slide 25: 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 SHARE PRICE PERFORMANCE 250% 200% 150% 100% 50% 0% -50% Oct-2023 Nov-2023 Dec-2023 Jan-2024 Feb-2024 Mar-2024 Apr-2024 May-2024 Jun-2024 Jul-2024 Aug-2024 Sep-2024 Hi-tech gears SENSEX MARKET DATA (INR) AS ON 30th SEPTEMBER, 2024 SHAREHOLDING PATTERN AS
Slide 26: 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 27: Thank You
THANK YOU