Subros Limited · NSE:SUBROS
Subros — Q4 FY2022-23 Earnings Presentation
24 slides from Subros's earnings presentation, May 25, 2023
Slide 1: Financial Results Quarter 4, FY 2022-23 Investor Presentation
Financial Results Quarter 4, FY 2022-23 Investor Cooling the Planet Presentation
Slide 2: Safe Harbour
SAFE HARBOUR This presentation might contain forward looking statements which involve a number of risks, uncertainties and other factors that could cause the actual results to differ materially from those in the forward looking statements. The Company undertakes no obligation to update these to refl
Slide 3: About Subros
Cooling the Planet About Subros
Slide 4: Largest Air Conditioning & Thermal Products company in India
Established in 1985, Subros is the Largest Air Conditioning & Thermal Products company in India. A Joint Venture company between Suri’s (Indian Promoters)-36.79%, Equity Distribution Denso-20%, Suzuki-11.96%, Public- 31.25% Integrated Thermal Products Noida Plant Pressure Die Casting Pune Plant Busi
Slide 5: Board of Directors
Ms. Shradha Suri Dr. Jyotsna Suri Mr. P. K. Duggal Mr. H. Takeuchi Mr Naohisa Kuriyama Mr. Tomoaki Yoshimori Mr. Yasuhiro Iida Chairperson & Managing Director Whole Time Director and Representative of Suzuki Representative of Representative of Alternate Director Director Chief Executive Officer Moto
Slide 6: Management Team
Ms. Shradha Suri Mr P K Duggal Mr T Murayama Mr. Y P Negi Chairperson & Chief Executive Officer Advisor Chief Operating Officer Managing Director (Technical & SCM) Mr. A Parashar Mr. D Srini Hemant Agarwal Chief Operating Officer EVP CFO & VP Finance (Operations, STEC & Technical Centre Service)
Slide 7: Product segments
Passenger Car Segment (AC+ECM) Refrigeration Trucks Commercial Vehicle Segment (Bus, Truck, Tractor) Railways (Driver Cabin + Coach) Residential and Commercial Tooling
Slide 8: Strengths: backward integrated, India's leading automotive AC company
Backward integrated to Strong manufacturing & enable built-in quality process technology infrastructure India’s leading automotive AC company Proven capabilities In full-system design, validation, manufacturing & supplies Highly reliable & energy-efficient products Pan-India presence Cost-effective
Slide 9: Financial Results & Highlights
Financial Results & Highlights Results Analysis - FY 2022-23 v/s FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q4 FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q3 FY 2022-23 Way Forward
Slide 10: Business Highlights (Q4 2022-23)
Business Highlights (Q4 2022-23) Q4 22-23 vs Q4 21-22 Q4 2022-23 Highlights PV Segment Thermal business Highest ever Revenue reported for growth is 19% Rs. 748 Cr. in quarter 4 SOP of Fronx started from Karsanpura Revenue growth is 10% plant in Q4 SOP of 1 New project is in pipeline EBIDTA growth is
Slide 11: Highlights – Financial Performance
Highlights – Financial Performance 2022-23 v/s 2021-22 Amount Indicator Growth (Rs. in Cr.) Revenues 2,806.28 25% EBIDTA 188.07 19% PBT 71.02 56% PAT 48.09 48% Q4 2022-23 v/s Q4 2021-22 Q4 2022-23 v/s Q3 2022-23 Amount Amount Indicator Growth Indicator Growth (Rs. in Cr.) (Rs. in Cr.) Revenues 748.1
Slide 12: Standalone Results For Quarter and Year Ending 31.03.2023
Standalone Results For Quarter and Year Ending 31.03.2023 Amt in Lacs Quarter Ended Year Ended PARTICULARS 31.03.2023 31.12.2022 31.03.2022 31.03.2023 31.03.2022 Net Sales 74,652 65,315 67,993 2,79,980 2,23,491 Other Operating Income 158 145 116 648 373 Revenue from Operation 74,811 65,460 68,109 2,
Slide 13: Results Analysis - FY 2022-23 v/s FY 2021-22
Financial Results & Highlights Results Analysis - FY 2022-23 v/s FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q4 FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q3 FY 2022-23 Way Forward
Slide 14: FY 2022-23 v/s FY 2021-22 Revenue, PBT, EBIDTA, PAT
FY 2022-23 v/s FY 2021-22 Amt. in Lacs Revenue PBT 280628 Recorded revenue 8000 7101 PBT stands at 300000 growth of 25% in 2.54% as against 250000 223864 6000 FY 2022-23 4539 2.03% 200000 4000 150000 100000 2000 50000 0 0 FY 2021-22 FY 2022-23 FY 2021-22 FY 2022-23 EBIDTA 20000 PAT 18807 6000 19000
Slide 15: Key Indicators for FY 2022-23 v/s FY 2021-22
Key Indicators for FY 2022-23 v/s FY 2021-22 Rs. in Cr. Indicators FY 2021-22 FY 2022-23 Change Status Key Aspects: Net Sales 2234.91 2799.80 564.89 n • Sales are higher by 25.28%, Other Income 9.92 20.57 10.65 n includes New Model SOP sale contributed Rs. 250 Cr. (11%) Material Cost 74.32% 76.80% 2
Slide 16: Results Analysis - Q4 FY 2021-22
Financial Results & Highlights Results Analysis - FY 2022-23 v/s FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q4 FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q3 FY 2022-23 Way Forward
Slide 17: Q4 FY 2022-23 v/s Q4 FY 2021-22 Revenue, PBT
Q4 FY 2022-23 v/s Q4 FY 2021-22 Amt. in Lacs Revenue PBT Recorded revenue PBT realization at 90000 3000 2669 74811 growth of 10% with 3.57% as against 75000 68109 corresponding Qtr 2500 2119 3.12% 60000 2000 45000 1500 30000 1000 15000 500 0 0 Q4 FY 2021-22 Q4 FY 2022-23 Q4 FY 2021-22 Q4 FY 2022-23
Slide 18: Key Indicators Q4 FY 2022-23 v/s Q4 FY 2021-22
Key Indicators Q4 FY 2022-23 v/s Q4 FY 2021-22 Rs. in Cr. Indicators Q4 FY 2021-22 Q4 FY 2022-23 Change Status Key Aspects: Net Sales 679.93 746.52 66.59 n • Sales are higher by 9.79% Other Income 2.40 5.69 3.29 n • MSR is higher due to Material Cost 76.40% 77.33% 0.93 g incurrence of Air freight be
Slide 19: Results Analysis - Q3 FY 2022-23
Financial Results & Highlights Results Analysis - FY 2022-23 v/s FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q4 FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q3 FY 2022-23 Way Forward
Slide 20: Q4 FY 2022-23 v/s Q3 FY 2022-23 Revenue, PBT
Q4 FY 2022-23 v/s Q3 FY 2022-23 Amt. in Lacs Revenue PBT 90000 3000 74811 Recorded revenue 2669 PBT realization at 75000 65460 growth of 14% 2500 3.57% as against 60000 with previous Qtr 2000 1.87% 45000 1500 1222 30000 1000 15000 500 0 0 Q3 FY 2022-23 Q4 FY 2022-23 Q3 FY 2022-23 Q4 FY 2022-23 EBIDT
Slide 21: Key Indicators Q4 FY 2022-23 v/s Q3 FY 2022-23
Key Indicators Q4 FY 2022-23 v/s Q3 FY 2022-23 Rs. in Cr. Indicators Q3 FY 2022-23 Q4 FY 2022-23 Change Status Key Aspects: Net Sales 653.15 746.52 93.37 n • Sales are higher by 14.30%, out Other Income 8.40 5.69 -2.71 n of this 5% growth is contributed by New model SOP Material Cost 76.34% 77.33% 0
Slide 22: Way Forward
Financial Results & Highlights Results Analysis - FY 2022-23 v/s FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q4 FY 2021-22 Results Analysis - Q4 FY 2022-23 v/s Q3 FY 2022-23 Way Forward
Slide 23: Way Forward
WAY FORWARD Growth in Line with Indian Automobile Industry n Market and Revenue Business Expansion in Bus, Railways, Truck AC, Home AC and Refrigeration Trucks g Potential Preparation to meet all regulatory changes including BSVI, RDE, CAFÉ and EV n Mitigating Impact of Foreign Exchange Fluctuations
Slide 24: Thank You
Thank You Cooling the Planet www.subros.com