Schaeffler India Ltd · NSE:SCHAEFFLER
Schaeffler India — Q1 2023 Earnings Presentation
17 slides from Schaeffler India's earnings presentation, Apr 19, 2023
Slide 1: Schaeffler India Limited Investor Presentation – Q1 2023
Schaeffler India Limited Investor Presentation – Q1 2023 April 19, 2023 PUBLIC
Slide 2: Recognitions in our ESG journey continue
Recognitions in our ESG journey continue Dun & Bradstreet ESG Excellence Award Special Commendation Award by The CSR Journal Excellence Awards Governance award category ‘Corporate Behaviors’ Jal Sahara is Schaeffler India’s initiative to tackle issues of water scarcity through natural resource manag
Slide 3: Agenda
Agenda 1 Economy & Industry 3 2 Business Highlights - Q1 2023 7 3 Financial Highlights - Q1 2023 10 4/19/2023 Schaeffler India Limited | Q1 2023 Investor Presentation 3 PUBLIC
Slide 4: Economy | Growth outlook
1 2 Economy & Industry Market Economy | Growth outlook GDP 1) 3) IIP 1) 3) • FY2023 GDP is expected to grow by 6.1% 13.5 12.8 • Higher growth in manufacturing, & electricity output led to IIP growth 6.3 • Sustained growth in PVs Q1 growth of 5.1 5.2 5.6 12.6% in PVs, 34.7% in Tractors due to 4.1 4.4
Slide 5: Core sector performance | Moderate movement
1 Economy & Industry Core sector performance | Moderate movement 2022 2023 YTD CY2023 Growth Key comments Cement Production (mn T) 5.9% Steel Production (mn T) 8.9% Core industry growth in FY23 Apr-Feb is registered at 7.8% compared to 11.1% 36 13 for the same period last year 35 11 11 11 11 11 12 3
Slide 6: Automotive sector performance | Growth momentum in PVs, Tractors
1 Economy & Industry Automotive sector performance | Growth momentum in PVs, Tractors 2022 2023 YTD CY2023 Growth Two and three wheelers (mn Units) 1) -1.7% Passenger Vehicles (Th Units) 2) 12.6% • Growth in PVs on the back of easing 1.9 2.1 pandemic related challenges and 1.8 1.9 425 1.6 1.6 1.7 1.
Slide 7: Agenda: Business Highlights - Q1 2023
Agenda 1 Economy & Industry 3 2 Business Highlights - Q1 2023 7 3 Financial Highlights - Q1 2023 10 4/19/2023 Schaeffler India Limited | Q1 2023 Investor Presentation 7 PUBLIC
Slide 8: Q1 2023 | Earnings quality sustained
2 Business Q4 / 12MHighlights - Q1 2023 2021 Performance Q1 2023 | Earnings quality sustained Key Messages Sales growth EBIT 1) margin Automotive Technologies supported top-line performance for the quarter, headwinds in wind energy impacting industrial 8.0% vs Q1’22 16.0% Q1’23 business -5.6% vs Q4’
Slide 9: Q1 Business developments | Progress on e-mobility continues
2 Business Q4 / 12MHighlights - Q1 2023 2021 Performance Q1 Business developments | Progress on e-mobility continues Automotive Technologies Automotive Aftermarket Industrial Reliability and emission reduction Increased market coverage Precision and Efficiency Volume wins for our recently launched N
Slide 10: Agenda: Financial Highlights - Q1 2023
Agenda 1 Economy & Industry 3 2 Business Highlights - Q1 2023 7 3 Financial Highlights - Q1 2023 10 4/19/2023 Schaeffler India Limited | Q1 2023 Investor Presentation 10 PUBLIC
Slide 11: Revenue from operations | Growth moderates
3 Financial Highlights - Q1 2023 Revenue from operations | Growth moderates Total revenue 2022 2023 Key aspects mn INR • YoY growth on the back of strong growth in the automotive businesses 15,675 16,936 17,488 17,564 17,947 • Headwinds in wind energy moderated growth in industrial business Growth Q
Slide 12: Earnings Quality | Sustained performance
3 Financial Highlights - Q1 2023 Earnings Quality | Sustained performance EBIT1) 2022 2023 Key aspects mn INR 2,913 • YoY earnings grew marginally despite moderate revenue growth, due to 2,706 2,741 2,756 1,806 2,602 continued focus on operational efficiencies 16.6% 16.0% 15.7% 15.7% 16.2% • QoQ mar
Slide 13: Working capital, Capex | Optimal levels of working capital and focus on capex
3 Financial Highlights - Q1 2023 Working capital, Capex | Optimal levels of working capital and focus on capex Working Capital 2022 2023 Key aspects mn INR 12,955 10,101 12,526 • Working Capital at optimal levels 11,413 9,869 • Capex framework – on track • Free cash flow generation for Q1CY23 on tra
Slide 14: Performance Indicators
3 2 Financial Q4 / 12MHighlights - Q1 2023 2021 Performance Performance Indicators Unit Q1 2023 Q4 2022 Q1 2022 12M 2022 12M 2021 Revenue mn INR 16,936 17,947 15,675 68,674 55,605 Revenue growth (YoY) % 8.0% 17.8% 19.0% 23.5% 47.8% Revenue growth (QoQ) % -5.6% 2.2% 2.9% EBITDA mn INR 3,230 3,443 3,1
Slide 15: In Summary
3 Financial Highlights - Q1 2023 In Summary Balanced business portfolio helped in offsetting the adverse impact 1 of the industrial business performance 2 Sustained countermeasures and operational efficiencies helped keeping margin levels at par Committed to continue on our growth trajectory leverag
Slide 16: Disclaimer
3 Financial Highlights - Q1 2023 Disclaimer The information contained in this presentation is provided by Schaeffler India Limited (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither t
Slide 17: Thank you
3 Financial Highlights - Q1 2023 Thank you Schaeffler India Limited | Q1 2023 Investor Presentation 17 PUBLIC