Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q1 FY2023 Earnings Presentation
20 slides from Greaves Cotton's earnings presentation, Aug 11, 2022
Slide 1: Cover letter to exchanges: Investor Presentation
GREAVES SINCE 1859 11th August, 2022 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Investor Presentation In furtherance to our letter dated 2nd August, 2022 and pursuant to Regulation 30 o
Slide 2: Q1 FY2023 Earnings Presentation
PEOPLE. PHYGITAL. PROGRESS. Q1 FY2023 Earnings Presentation (11th Aug 2022) ENGINES RETAIL ELECTRIC MOBILITY
Slide 3: Q1 FY23 Highlights
Q1 FY23 Highlights Financial Overview (Consolidated) Key Takeaways • Highest ever quarterly revenue of INR 660 crores. Revenue EBITDA PAT • Greaves Electric Mobility received a capital infusion of Rs. 1,171 crores Rs. 660 Cr Rs. 38Cr Rs. 16 Cr from Abdul Latif Jameel, diversified global investor +18
Slide 4: Management Commentary
Management Commentary Nagesh Basavanhalli ▪ Abdul Latif Jameel Group completed the capital Managing Director and Group CEO investment of US$ 150 million (INR 1,171) crore for a 35.8% stake on a fully diluted basis in GEM. Post this deal, Abdul Latif Jameel is now the second largest “FY22 has been a
Slide 5: Diversification Strategy
Diversification Strategy Revenues – Rs 660 cr NEW BUSINESS E-Scooters E-Rickshaw E-Auto Auto + Non-Auto + + 35,501 Units Multi-Brand EV Multi-Brand 29,577 Units retail format service format Enabling Businesses Financing Arm + Technology Arm Q1 FY23 INVESTOR’S PRESENTATION 4 Note: Financials and volu
Slide 6: Financial Results reflects success of Greaves' Diversification Strategy
Financial Results reflects success of Greaves’ Diversification Strategy Consistent Growth riding on strong brand traction and improved efficiency 700 621 660 600 492 486 500 15 237 281 374 400 181 229 90 300 156 458 477 14 200 406 379 374 9 284 302 100 147 215 0 Q1FY18 Q1FY19 Q1FY20 Q1FY21 Q1FY22 Q2
Slide 7: Future ready with Greaves Engines - Auto
Future ready with Greaves Engines - Auto Fuel agnostic powertrain solutions for small 3W/4W applications • Ideal for automotive engine applications like 3-wheelers and small 4-wheeled commercial vehicles • Highly fuel efficient, Advanced electronic fuel injection technology Single Cylinder- Single C
Slide 8: Future ready with Greaves Engines - Non-Auto
Future ready with Greaves Engines - Non – Auto • Ideal for automotive engine applications like 3-wheelers and small 4-wheeled commercial vehicles Power Solutions • Highly fuel efficient, Advanced electronic fuel injection technology • Better torque for faster pulling power with higher loads and slop
Slide 9: Greaves Retail Solutions - India's largest Multi-brand Sales & Service format
Greaves Retail Solutions - India’s largest Multi-brand Sales & Service format. Online to Offline A complete phygital experience for today’s new age Quick Service Genuine Spares shopping experience customer Multi-brand Retail 6 Months Warranty Quality Repairs Multiple brand options to choose from in
Slide 10: Key Business Enablers: Strengthening Expertise in Core Areas
Key Business Enablers: Strengthening Expertise in Core Areas • Enabled business with 15+ banks and financial institutions • Dynamic and technology driven global engineering • Strong EV financing network in tier-II, tier-III services and solutions company and tier-IV cities apart from metros with • P
Slide 11: Making India a Global EV destination
Making India a Global EV destination Rolled out 50,000th E2W from its production facility in Ranipet. The facility was inaugurated in November 2021 The Capital Infusion from Abdul Latif Jameel Group will further boost the Capex projects With initial capacity of 120,000 units p.a, we have doubled the
Slide 12: One of the Fast-Growing E-Mobility Brand
One of the Fast-Growing E-Mobility Brand 1841% Quarterly e2W sales of Magnus EX growth 28,787 units Highest revenue over June’21 last year contributor 18% 21% Increased Hi- Speed Vehicle Q1 FY22 Q1 FY23 Mix 82% 79% 40% Lithium Ion Vs Q1 FY22 Q1 FY23 Lead Acid 60% 100% Based on Vahan Portal Q1 FY’23
Slide 13: Financial Performance
Financial Performance Greaves Consolidated Result Q1 FY23 Segment Revenues (INR Cr.) Revenue EBITDA PAT 1% 660 Engines Aftermarket 43% 38% 229 E- Mobility 38 16 Other (17) -22 19% Q1 FY22 Q1 FY23 Greaves Standalone Result Q1 FY22 Segment Revenues 0.00% 6% 374 Engines 214 27% Aftermarket 36 E-Mobilit
Slide 14: Financial Snapshot
Financial Snapshot Particulars (Consolidated) Q1 Growth (%) Q4 Growth (%) (Rs. Cr.) FY23 FY22 Y-o-Y FY22 Q-o-Q Income from Operations 660 229 188% 621 6% RMC (%) 73.8% 71.4% 73.7% Employee Cost 46 42 42 Other Expenses 88 41 81 EBITDA 38 (17) NM 41 (5%) EBITDA Margin (%) 5.8% (7.4%) 6.5% PAT 16 (22)
Slide 15: Segment Volume
Segment Volume Q1 Growth (%) Q4 Growth (%) Volumes (Units) FY23 FY22 Y-o-Y FY22 Q-o-Q Auto Engines 16,112 9,426 71% 15,068 7% Non-Auto Engines 10,110 9,447 7% 10,401 (3%) Engines 26,222 18,873 39% 25,469 3% Genset 1,428 806 77% 1,254 14% Light Equipment 7,851 6,630 18% 10,748 (27%) Non-Auto Products
Slide 16: Balance Sheet and Cash Flow Trend
Balance Sheet and Cash Flow Trend Strong Working Capital Management 117 98 102 27 Mar -21 Jun-21 Mar -22 Jun-22 • Robust cash generation to fund expansion • Ranipet plant and experience Centre funded completely through internal accruals • Capital infusion from Abdul Latif Jameel will speed up the ne
Slide 17: In summary - Driving growth momentum
In summary - Driving growth momentum Abdul Latif The capital will be used to develop new products, In the Ranipet plant, E2W production capacity associated technologies, brand building and to Capacity doubled thereby having a capacity to produce Jameel Enhancement Investment enhance manufacturing ca
Slide 18: Awards and Recognition
Awards and Recognition Great Place to Manufacturing Automotive Social Impact Work- and Quality Promising Hall of Fame Award 2021 by Second year in a Excellence Brands 2021 Nov 2021 by ACEF Asian row 2021 by by ET ET Polymers Leaders Quantic Q1 FY23 INVESTOR’S PRESENTATION 17
Slide 19: Disclaimer
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 Greaves Cotton (“Greaves” or the Company) future business developments an
Slide 20: Thank You
THANK YOU REGISTERED OFFICE For further information, please contact Greaves Cotton Limited Priti Tiwari, Anvita Raghuram / Bijay Sharma Unit No. 1A, 5th Floor, Tower 3 Equinox Business Park, LBS Marg, Kurla West, Mumbai 400070. Asst. Manager – Marketing & Corporate Communications Churchgate Partners