Slide 1: Exchange filing cover letter
Uno Minda Limited (Formerly known as Minda Industries Ltd.) Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 23/05/2024 National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor - 25, Bandra Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Mumbai - 400 051 Da
Slide 2: Investor Presentation Q4 FY'24
INVESTOR PRESENTATION Q4 FY’24 May 23, 2024 1
Slide 3: Safe Harbor
SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Uno Minda 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 the ba
Slide 4: Content
CONTENT 01. Industry Highlights 04 02. Operational Highlights 05 03. Financial Highlights 06 04. Business Review 11 05. Annexures 22 06. Overview: Uno Minda Group 26 3
Slide 5: Industry Highlights for Q4FY24
INDUSTRY HIGHLIGHTS FOR Q4FY24 Electric Mobility Promotion Auto Industry growth momentum Scheme (EMPS) 2024 Introduced continues The EMPS 2024, a limited fund scheme of INR 500 PV segment registering 10% YoY growth during the crore for four months, aims to boost the adoption of quarter with SUV saw
Slide 6: Key Operational Highlights for Q4FY24
KEY OPERATIONAL HIGHLIGHTS FOR Q4FY24 Builds up e4W specific portfolio Secured large parcel of land at with TLA with StarCharge for EVSE upcoming auto hub IMT Entered into Technical License Agreement with Kharkhoda Starcharge Energy to manufacture and sale of secured a land parcel of 94.32 acre at I
Slide 7: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 6
Slide 8: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Group Revenues (Including JVs and Consolidated Revenues increased by Associates) (Unaudited) higher by 27% 31% Y-o-Y to Y-o-Y Rs 4,568 Cr Rs 3,794 Cr for the quarter for the quarter EBITDA higher by 48% Y-o-Y to EBITDA margin at Rs 474 Cr at 12.5% for the qua
Slide 9: Key Financial Highlights for the Year
KEY FINANCIAL HIGHLIGHTS FOR THE YEAR Group Revenues (Including JVs and Consolidated Revenues increased by Associates) (Unaudited) higher by 23% 25% Y-o-Y to Y-o-Y Rs 16,926 Cr Rs 14,031 Cr for the quarter for the quarter EBITDA higher by 28% Y-o-Y to EBITDA margin at Rs 1,585 Cr at 11.3% for the qu
Slide 10: Consolidated Financial Highlights – Q4 FY24
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q4 FY24 Revenue (Rs. Cr) EBITDA (Rs. Cr) 31% 474 319 48% 148 3,794 32 108 2,889 21 303 209 Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 UML Revenue PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 12.49% 11.05% 47% 269 4.58% 183 5.91% Q4 FY23 Q4 FY24 Q4 FY23 Q4 FY24 UML Cons
Slide 11: Consolidated Financial Highlights – FY24
CONSOLIDATED FINANCIAL HIGHLIGHTS – FY24 Revenue (Rs. Cr) EBITDA (Rs. Cr) 1,242 1,585 25% 28% 525 430 113 14,031 11,236 70 791 981 FY23 FY24 FY23 FY24 UML Revenue PBT Interest Depreciation PAT* (Rs. Cr) Margin (%) 11.05% 11.30% 32% 5.34% 860 654 5.13% FY23 FY24 FY23 FY24 UML Consol EBITDA PAT^ *PAT
Slide 12: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET 11
Slide 13: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q4 FY23 (%) Others Q4 FY24 (%) Others 16% Switches 13% Seatings 25% Switches Quarter 7% Seatings 29% 9% Castings 20% Castings 19% Lighting Acoustics Acoustics Lighting 26% 6% 7% 23% Others FY24 (%) Others FY23 (%) Switches Seatings 16% 26% 13% Switches 8% Seatings 29% Year
Slide 14: Business Review: Switches, Lighting, Castings
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 29% 27% 26% 26% 25% • Export of 2W switch continues to grow. Crosses Rs 150 933 928 963 Crores for FY 24 835 839 Switches Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 24% 26% 23% 23% 23% • SOP of several orders in last few quarter
Slide 15: Business Review: Acoustics, Seating, Others
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Key updates 7% 7% 6% 6% 5% 193 208 210 202 213 • Clarton achieves better volumes, comes back in green Acoustic Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 9% 9% 8% 8% 7% • Uno Minda Tachi-S starts production 263 273 289 274 264 • Won orders
Slide 16: Revenue Breakups
REVENUE BREAKUPS Aftermarket International 7% 2W 14% 45% Quarter 4W India OEM 55% 86% 93% International Aftermarket 14% 7% 2W 46% Year India OEM 4W 86% 93% 54% 15 Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup
Slide 17: Aftermarket – Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, • Revenue of Rs. 256 Cr during the quarter Shocks & struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 18: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Products under Production and Motor Controller supply Smart Plug Battery Management System Battery (BMS) Management System On Board Charger Off Board Charger On-Board RCD Cable Charger Body Control Module Smart Plug DC-D
Slide 19: EV Sales, Order and Potential Kit Value
EV Sales, Order and Potential Kit Value Sales to 2W Electric Vehicles Rs Crores Potential Kit Value (in INR) 180 164 136 143 35,300 78 27,300 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Peak Annual Order Value from EV OEM in Rs Crores* 8,000 Particulars 2W/3W PV/CV Total EV Specific Components 1,655 263 1,91
Slide 20: Building e4W Specific Portfolio: TLA with StarCharge for EVSE
Building e4W Specific Portfolio: TLA with StarCharge for EVSE Wall Box / Pedestal Wall Box / Pedestal 11kW / 22kW 7.2kW EVSE • Single Phase • Single Phase • 150VAC ~270VAC, • 150VAC ~270VAC, 50Hz/60Hz 50Hz/60Hz • 32A Feature #03 • 32A • Wall Mounted AC Chargers primarily for home charging for 4W EV
Slide 21: Capital Expansion Update
Capital Expansion Update Total Cost (In Expected Sr Product Line Entity Location Capacity Update Crs) SOP Q2 FY26 Project announced 1 4W Alloy Wheels Uno Minda Ltd 542 Kharkhoda 120k Wheel p.m. Phase 1 To be spend over 5 years Minda Kosei Land Acquisition Delays 2 4W Alloy Wheels 190 Bawal 60k Wheel
Slide 22: Potential Kit Value – Uno Minda
POTENTIAL KIT VALUE – UNO MINDA Kit Value – 2 Wheelers 15798 14851 13,952 14,16114374 14,261 14,901 13,910 12,336 12,003 10,66111,027 9,675 9,585 9,231 8,457 8,243 6,261 7,110 6,978 7,181 7,324 7324 4,517 3,611 Economy Executive Premium Scooter Moped 2020 2021 2022 2023 2024 Kit Value – 4 Wheelers 1
Slide 23: Annexures
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Slide 24: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (Rs. Cr) Q4 FY24 Q3 FY24 QoQ% Q4 FY23 YoY% FY24 FY23 YoY% Revenue from Operations 3,794 3,523 8% 2,889 31% 14,031 11,236 25% Raw Material 2,410 2,291 1,860 9,064 7,224 Employee Cost 452 454 383 1,779 1,460 Other Expenses 459 398 327 1,603 1,310 EBITDA
Slide 25: Balance Sheet
BALANCE SHEET FY24 FY23 FY24 FY23 Particulars Particulars (Unaudited) (Audited) (Unaudited) (Audited) ASSETS EQUITY AND LIABILITIES I. Non-current assets I. Equity Property, plant and equipment 2,964 2,473.42 Equity share capital 115 115 Capital work-in-progress 214 291.08 Share application money pe
Slide 26: Consolidated Annual Key Financial Numbers & Ratios
CONSOLIDATED ANNUAL KEY FINANCIAL NUMBERS & RATIOS Particulars Unit FY24 FY23 FY22 FY21 FY20 Consolidated Revenue INR Cr 14,031 11,236 8,313 6,374 6,222 EBITDA INR Cr 1,585 1,242 885 725 672 EBITDA Margin % 11.3 11.1 10.6 11.4 10.8 PAT (UML Share) INR Cr 880 654 356 207 155 Net UML profit margin % 6
Slide 27: About Uno Minda
ABOUT UNO MINDA TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE. 26
Slide 28: About Uno Minda
ABOUT UNO MINDA UNO MINDA Uno Minda Limited is one of the leading manufacturers of auto components and A Leading Auto Components and Systems Player systems with leadership across key product segments. Since 1958 ₹ 169B ($ 2.03 B) * TOP 200 72 The company has a well diversified product portfolio with
Slide 29: Domains & Product Groups
Domains & Product Groups Switches 4W, Lamps 2W, CV & Off 4W & CV road Electric Vehicle Lamps Products 2Wheeler Sensors & Actuators Speakers Infotainment LPG CNG Systems Kits ADAS Horns Products Controllers Hoses Gear Shifters Blow Molded & Seat Belts Parts Air Bags, Interior Air Filters Exterior Pla
Slide 30: Engine Agnostic Portfolio with Potential Upside from EV Transition
Engine agnostic portfolio with potential upside from EV transition Domains Product Lines ICE EV 4W Switches & HVAC ✓ ✓ Charging Sockets ✓ ✓ Sensors ✓ ✓ Actuators ✓ ✓ Controllers ✓ ✓ Electronic & Control Systems Seat Belts ✓ ✓ Shifters ✓ ✓ Infotainment Systems ✓ ✓ Cameras ✓ ✓ Telematics & TCU ✓ ✓ RPA
Slide 31: Global Presence
GLOBAL PRESENCE Strategic Manufacturing Location Growing International Presence 66 Eng. 29 HO Head RO Registered 6 7 Sales 8 Engineering Office Office Plants Office Centers Plants Engineering Centers North zone. (30) [17] East zone (1) Manesar (8) [6] ENG. HO Jamshedpur (1) Bawal (10) [5] ENG. Neemr
Slide 32: Top Management Team
TOP MANAGEMENT TEAM Mr. Nirmal K Minda Mr. Ravi Mehra Mr. Amit Jain Mr. A.G. Giridharan Mr. Kundan K Jha Mr. Naveesh Garg Mr. Rajeev Gandotra Chairman & Managing Director Deputy Managing Director Group Chief Technical CEO- Safety & Comfort CEO, Light Metal & CEO- Electronics and CEO – Light & Acoust
Slide 33: In-house R&D Helps Drive Innovation
In-house R&D helps drive Innovation… Two-tier Engineering Organization Europe India Central R&D Centre With A Focus On Advanced & Future Technology Pune, Gurugram, Chennai, Hosur & Bangalore India Regensburg, Munich, Ingolstadt-1, Wolfsburg -2, Osnabruck-1 Germany Bilbao Spain Product-focused Busine
Slide 34: Uno Minda – Central R&D and Design Studio
UNO MINDA – Central R&D and Design Studio Locations Key functional Competencies Uno Minda’s first flagship centre for research engineering and advance technologies. Product Planning Technical Sales MISSION: Attain Technology Leadership with Pune, India Gurgaon, India Chennai & Hosur, Regensburg, Ger
Slide 35: Nurturing Partnerships and Affiliations
Nurturing Partnerships and Affiliations M & A Lighting Solutions JV- Steering Wheel with Airbags, Body Sealing, Fuel Caps, Hoses M & A Seating Systems M&A Horns JV - Panel & Control Switches, Seatbelts JV – Printed Circuit Boards TLA for Temperature JV – Vehicle Seat Recliners JV- Blow Molding JV -
Slide 36: Awards & Recognitions
Awards & Recognitions Customer Awards Mr. Nirmal K Minda, CMD, Uno Minda Limited, has Uno Minda is proud to secure 2023-24 been awarded the the Great Place To prestigious HURUN Self- Work® (GPTW) Certification made Entrepreneur Award, for the third consecutive year! QUALITY 2023! DELIVERY BEST SUPPL
Slide 37: Environmental, Social & Governance (ESG)
Environmental, Social & Governance (ESG) Environmental Social Corporate Governance More than 90% of plants ISO Vision to enable Employee and 14001 & ISO 45001 certified Community Well-Being with (Environmental & OHS Management System) following organizational goals: Policies Ethics and Economic gove
Slide 38: Group Strengths
Group Strengths Robust Systems and Governance mechanism Long Standing Located close to each Strategic & Relationships with customer Technology Driven Strong System, Processes with experienced board to drive OEMs Alliances Governance and Ethical Practices 6 Decades of Preferred Supplier Located in al
Slide 39: Thank You
THANK YOU. Corporate Office For further information, please contact Uno Minda Ltd Company (Formerly known as Minda Uno Minda Ltd. Industries Ltd) Village Nawada Fatehpur, P.O. Mr. Ankur Modi Sikanderpur Badda, Head Corporate Finance and Manesar, Gurgaon – 122004, India. Communication amodi@unominda.