Slide 1: Uno Minda Limited filing cover letter
Uno Minda Limited (Formerly known as Minda Industries Ltd.) Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 08/02/2023 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 Q3 FY 2023
INVESTOR PRESENTATION Q3 FY 2023 February 08, 2023 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. Auto Expo Component 2023: Uno Minda’s Stellar Show 05 03. Operational Highlights 06 04. Financial Highlights 07 05. Business Review 12 06. Strategic Business Update 17 07. ESG Awards and Recognition 18 08. Annexures 20 09. Overview: Uno Minda Group 22 3
Slide 5: Industry Highlights
INDUSTRY HIGHLIGHTS Union Budget 2023: Healthy growth in Production Duty Exemption on import of capital goods Volumes: for lithium-ion cells. Production volumes for all vehicles segment Further support for vehicle scrapping Production Volumes decline QoQ basis due to Increased Infrastructure spendin
Slide 6: Auto Expo Component 2023: Uno Minda's Stellar Show
Auto Expo Component 2023: Uno Minda’s Stellar Show 5
Slide 7: Key Operational Highlights for the Quarter
KEY OPERATIONAL HIGHLIGHTS FOR THE QUARTER JV with Buehler & Tachi-S TLA with Asentec, Korea Signed Entered into TLA with Asentec Korea to design, develop, manufacture and market high tech Executed JV agreement with Buehler Motors wheel speed sensors in India and Tach-S Received confirmed orders fro
Slide 8: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 7
Slide 9: Key Financial Highlights for the Quarter
KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Revenues increased by 34% Y-o-Y to EBITDA higher by 44% Y-o-Y to Rs 2,915 Cr Rs 338 Cr for the quarter for the quarter EBITDA margin higher by 82 bps on Y-o-Y at PAT (UML Share) increased by 60% on Y-o-Y basis to at 11.6% for the quarter Rs 162 Cr for the qua
Slide 10: Consolidated Financial Highlights – Q3 FY23
CONSOLIDATED FINANCIAL HIGHLIGHTS – Q3 FY23 Revenue (Rs. Cr) EBITDA (Rs. Cr) 338 235 115 44% 34% 13 94 2,915 2,181 13 215 141 Q3 FY22 Q3 FY23 Q3 FY22 Q3 FY23 UML Revenue PBT incl. Other Income Interest Depreciation PAT* (Rs. Cr) Margin (%) 10.8% 11.6% 60% 162 101 5.1% 4.4% Q3 FY22 Q3 FY23 Q3 FY22 Q3
Slide 11: Revenue Bridge – Q3 FY23
REVENUE BRIDGE – Q3 FY23 Rs. Cr 10
Slide 12: Division-wise Revenue Mix
DIVISION-WISE REVENUE MIX Q3 FY22 (%) Q3 FY23 (%) Others Others 15% Switches 15% 28% Switches Seatings 29% 9% Seatings 11% Castings 20% Castings 16% Lighting Acoustics Lighting Acoustics 22% 6% 22% 7% 11
Slide 13: Business Review
BUSINESS REVIEW SWITCHES LIGHTING ACOUSTICS SEGMENTS SEATING CASTINGS OTHERS AFTER MARKET
Slide 14: Business Review: Switches, Lighting, Castings
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Strategic Business Developments 30% 29% 29% 28% 28% • Received order from Korean Customer in 4W Switch 727 730 800 815 • Received order for 2w Switch and heated handle grip from an 638 American auto major Switches Q3 FY22 Q4 FY22 Q1
Slide 15: Business Review: Acoustic, Seating, Others
BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs. Cr) Strategic Business Developments 8% 7% 7% 6% 6% • India business remains stable 192 181 187 • European subsidiary Clarton Horn remained under pressure 151 172 along with unprecedented increase in energy cost Acoustic Q3 FY22 Q4 FY22
Slide 16: Revenue Breakups Q3 FY23
REVENUE BREAKUPS Q3 FY 23 Aftermarket International 10% 18% 2W 4W 47% 53% India 82% OEM 90% Geography-wise Breakup Channel-wise Breakup Segment -wise Breakup 15
Slide 17: Aftermarket - Expanding B2C Business
AFTERMARKET- EXPANDING B2C BUSINESS 6,500+ SKUs Key Highlights Switches, Horns, Lightings, Batteries, Filter, Indicator, Bulbs, RVMs, Braking, Shocks & • Revenue of Rs. 286 Cr during the quarter struts and Accessories • Leadership position in major products categories • Strong brand recall with loya
Slide 18: Strategic Business Update
Strategic Business Update • Minda Kosei Aluminum to become wholly owned subsidiary : The company continues to identify opportunities for further consolidation thereby creating enhanced shareholders value. In pursuit of the same, The board of the company has in principally approved acquiring remainin
Slide 19: ESG Awards & Recognitions
ESG Awards & Recognitions Second consecutive “Great Place to Certificate of Recognition for Work Award” in a row Excellence in Corporate Governance 18
Slide 20: ESG Awards & Recognitions
ESG Awards & Recognitions Excellent accomplishment In category of Promotion of Education Gold Award In category of Women Empowerment 19
Slide 21: Annexures
ANNEXURES 20
Slide 22: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Figures in Rs Crores Particulars (Rs. Cr) Q3 FY23 Q2 FY23 QoQ% Q3 FY22 YoY% 9M FY23 9M FY22 YoY% Revenue from Operations (Net of Excise) 2,915 2,877 1% 2,181 34% 8,348 5,898 42% Raw Material 1,843 1,866 1,402 5,365 3,725 Employee Cost 371 365 295 1,077 874 Other
Slide 23: About Uno Minda
ABOUT UNO MINDA TRANSFORMING THE PRESENT, REIMAGINING THE FUTURE.
Slide 24: About Uno Minda
ABOUT UNO MINDA • Uno Minda Limited is one of the leading manufacturers of auto components domestically with leadership across key product segments. With 20+ Product Lines, 1000+ Business Partners and over 23,000 employees, covering 50,000+ touch points, the company has 6 decades of experience in th
Slide 25: Global & Domestic Presence - Uno Minda
GLOBAL & DOMESTIC PRESENCE - UNO MINDA Strategically located plants across all major auto hubs Overseas 6 Plants 7 Sales Offices 4 Design Centers North and South America Europe Asia (w/o India) Mexico France Indonesia (Queretaro) (Epernon) (Karawang) India Colombia Italy Taiwan (Turin) (Tainan) (Man
Slide 26: Engine agnostic portfolio with potential upside from EV transition
Engine agnostic portfolio with potential upside from EV transition Domains Product Lines BS VI EV 4W Switches & HVAC Charging Sockets Sensors Actuators Controllers Electronic & Control Systems Seat Belts Shifters Infotainment Systems Cameras Telematics & TCU R
Slide 27: Uno Minda's EV Product Portfolio (2W & 3W)
UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 96V) Motor Controller Products under Production and supply Smart Plug Battery Management System (BMS) Battery Management On Board Charger System Off Board Charger RCD Cable On-Board Charger Body Control Module Smart Plug DC-D
Slide 28: Potential EV Kit Value (2W & 3W)
POTENTIAL EV KIT VALUE (2W & 3W) Values in INR Product under Under- EV Kit Value Production and Orders Received Development Potential Supply 27
Slide 29: Capital Expansion Update
Capital Expansion Update Product Line Entity Total Cost (In Location Capacity Expecte Update Crs) d SOB Blow Moulding Minda Kyoraku Ltd 90 Bengaluru Blow Moulding and Q4 FY23 Commenced and under Paint Shop Facility stablisation 4W Alloy Wheels Minda Kosei 74 Ahmedab 30k Wheels p.m. Q2 FY24 Capex on
Slide 30: Kit Value - Uno Minda
Kit Value - UNO MINDA Kit Value – 2 Wheelers 13,952 14,261 12,336 12,003 9,675 9,585 9,231 8,457 8,243 7,110 6,966 6,978 7,181 6,261 5,209 5,266 4,085 4,517 3,357 3,611 Economy Executive Premium Scooter Moped 2019 2020 2021 2022 Kit Value – 4 Wheelers 1,46,416 1,40,788 1,20,788 80,509 63,102 65,323
Slide 31: Environment, Social and Governance (ESG) Initiatives
Environment, Social and Governance (ESG) Initiatives Environmental Social Corporate Governance • Group has taken various initiatives which are expected • Vision to enable and empower every member of the • Mission to continually enhance the stakeholders’ value to have environmental benefits and reduc
Slide 32: Thank You
THANK YOU. Corporate Office For further information, please contact Uno Minda Ltd Company Investor Relations Advisors (Formerly known as Minda Industries Uno Minda Ltd. Strategic Growth Advisors Pvt. Ltd. Ltd) Village Nawada Fatehpur, P.O. Mr. Ankur Modi Mr. Jigar Kavaiya Sikanderpur Badda, Head Cor