Remsons Industries Limited · NSE:REMSONSIND
Remsons Industries — Q4 FY2023 Earnings Presentation
38 slides from Remsons Industries's earnings presentation, May 26, 2023
Slide 1: Cover letter to stock exchanges
26th May, 2023 To, To, The Manager The Manager – Listing Department of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, ‘G’ Block, Phiroze Jeejeebhoy Towers, Bandra Kurla Complex, Dalal Street, Mumbai - 400 001 Bandra (East), Mumbai – 400 051 Scrip C
Slide 2: Investor Presentation Q4 / FY 22-23
Investor Presentation Q4 / FY 22-23
Slide 3: Disclaimer
DISCLAIMER Except for the historical information contained herein, statements in this presentation and the subsequent discussions, which include words or phrases such as "will", "aim", "will likely result", "would", "believe", "may", "expect" , "will continue", "anticipate", "estimate", "intend", "p
Slide 4: FY 22-23 Key Highlights
FY 22-23 KEY HIGHLIGHTS +140 bps / 118% +123 bps Standalone Net Profit Growth Standalone / Consolidated for FY23 (Y-o-Y) EBITDA Margin Improvement for FY23 (Y-o-Y) FY 2023 18% / 9% 56% Standalone / Consolidated Consolidated Reported Net Profit Revenue Growth Growth for FY23 for FY23 (Y-o-Y) (Y-o-Y)
Slide 5: Q4 FY 22-23 Highlights Standalone
Q4 FY 22-23 HIGHLIGHTS STANDALONE Revenue (Rs lacs) EBITDA (Rs lacs) • Total Standalone Revenue growth was flat at 2.07% Y-o-Y basis. This was due to the lower volume offtake in Two-Wheeler sector during the quarter. • Industry Volumes in Q4FY23: Two-Wheeler sales were 38.59 Lakh Units and Passenger
Slide 6: Q4 FY 22-23 Highlights Consolidated
Q4 FY 22-23 HIGHLIGHTS CONSOLIDATED Revenue (Rs lacs) EBITDA (Rs lacs) • Consolidated Revenue stood at Rs.7644 lacs down by 3.95% Y-o-Y. This is due to soft demand. • Gross Profit margins were higher by 194 bps Y-o-Y at 42.27%. • Inflationary effects coupled with demand disruption due to the ongoing
Slide 7: Q4 FY 22-23 Standalone Results
Q4 FY 22-23 STANDALONE RESULTS Note: Rounded off to 100 where Loss in Q2FY22
Slide 8: Q4 FY 22-23 Consolidated Results
Q4 FY 22-23 CONSOLIDATED RESULTS Note: Rounded off to 100 where Loss in Q2FY22
Slide 9: Strategy for a Profitable Growth
STRATEGY FOR A PROFITABLE GROWTH New Product Operational Efficiency New Product Business Award with UK (Remsons) Lean and Agile Manufacturing processes Technology localised for Indian OEM in FY23. increasing Asset Utilization Product Development- Offering and diversifying Cost reduction measures at
Slide 10: Company Overview
ya . REMSONS \_Company Overview LET'S MAKE GREAT Years of Engineering Excellence
Slide 11: Re-Branding
RE-BRANDING At Remsons, we love what we do. Whether it is the highest standards of engineering excellence or the spirit of collaboration at the heart of our cultural ethos, it is all powered by a drive for greatness. The handcrafted specially designed typography represents the solidity, the sharpnes
Slide 12: A Little Bit of History
A LITTLE BIT OF HISTORY Born into a middle-class family in Kolkata, Mr. Vishwa Prakash Harlalka moved from Kolkata to Mumbai in 1956. With nothing but a dream he tried his hand at many businesses, failing and only rising stronger and wiser. He Founded Remsons in 1959. Formed as a trading company, th
Slide 13: Remsons - At a Glance
REMSONS - AT A GLANCE About Us Customer Profile Strategy The company offers an entire spectrum of All major OEM manufacturers of 2, 3, & Focus on advancement of technologies Automobile control cables, gear shifters, 4 wheelers both domestic and overseas and strengthening of business winches, pedal b
Slide 14: Key Highlights
KEY HIGHLIGHTS INR 286.5 crs of INR 20.2 crs of Serving more than 20 OEM’s and Total Income in FY 22 EBITDA in FY 22 250+ dealers in after-market 4 State of the Art Plants across Exports to more 246 employees consisting of Design team, India and 1 in UK than 19 countries HR team, Managerial Staff (P
Slide 15: Milestones
MILESTONES 1960-1973 2004-2006 2018-2019 1st to introduce Indigenously Opened control cables manufactured marketing and and Pressure die dash mounted technical cast cables ends park brake and support office in in India push pull cables USA and Europe 1959 2001 2015 2020 Company Indigenously Great em
Slide 16: Remsons DNA: Vision, Mission, Quality
REMSONS DNA VISION EMPOWER Let’s aim to be regarded as an innovative, future- We provide employee with the resources, ready auto component manufacturer always authority, opportunity, and motivation to do committed to the highest standards of engineering their work, also holding them accountable for
Slide 17: Group - Organisation Structure
GROUP- ORGANISATION STRUCTURE Remsons Industries Limited India UK Operations Operations Gurugram Daman Pune Pardi Stourport The synergies created through this acquisition including access to the central European market, new product portfolio and operational production plant in UK to better save the
Slide 18: Global Presence
GLOBAL PRESENCE Stourport-on-Severn United Kingdom United Kingdom Application Support & Application Support & Marketing Office France Marketing Office Mexico USA Germany Gurgaon India Austria Pune Sweden India Italy Spain Daman; Pardi Turkey India Singapore Mumbai India Nepal Sri Lanka Bangladesh Br
Slide 19: Multi Location Establishment
MULTI LOCATION ESTABLISHMENT ❑ MUMBAI – Corporate Office ❑ PUNE ❑ GURUGRAM ❑ DAMAN ❑ PARDI ( GUJARAT) ❑ UNITED KINGDOM (STOURPORT ON SEVERN) PUNE, MAHARASHTRA GURGAON, HARYANA STOURPORT-ON-SEVERN, UNITED KINGDOM
Slide 20: Management Details
MANAGEMENT DETAILS Krishna Kejriwal Amit Srivastava Chairman & Managing Director, Remsons Industries Limited Chief Executive Officer, Remsons Industries Limited Mr. Kejriwal is a Graduate in Science from University of He is MBA in Marketing & Finance completed Senior Management Bangalore and has 43
Slide 21: In-House Product Development Capabilities
IN-HOUSE PRODUCT DEVELOPMENT CAPABILITIES Design FEA Complete In-House Simulation & FEA In-House Design Capabilities Established Capabilities Product Development Capabilities Enhancement Technology Validation Synergy Continuous upgradation of In-House Product Validation Design and Validation Capabil
Slide 22: Products Gallery
PRODUCTS GALLERY Push Pull Cables Pedal Box Handle Assembly Gear Shift Systems SYSTEMS GEAR SHIFTERS PARKING BRAKE PEDAL BOX WINCHES JACKS Jacks Parking Brake Assembly Winch Assembly Auto Adjust Clutch Cable
Slide 23: Application of Products
APPLICATION OF PRODUCTS Serving All Segments of Industry 2- Wheeler 3- Wheeler 4- Wheeler Commercial Vehicle Off-Roader Agriculture Brake - Front, Rear, Combi Clutch / PKB Cable Parking Brake Cable Parking Brake Cable Accelerator Cables Clutch & Brake Cable Accelerator Cable Gasoline Cable Body & Cl
Slide 24: Customer Profile
CUSTOMER PROFILE Passenger Cars (Tier – I) Commercial Vehicles 2 & 3 Wheeler Agriculture Electric 2 Wheeler BMW is Tier II
Slide 25: Quality Certification
QUALITY CERTIFICATION IATF 16949:2016 IS0 14001: 2015 ASES CERTIFIED
Slide 26: Awards & Recognitions
AWARDS & RECOGNITIONS Jamnalal Bajaj Award – For Fair Business Practices ACMA Award – First Technology Award for Upgradation of Technology Escorts Award – For Price Control Maruti Suzuki – Vendor Performance Award ACMA – 1st Prize in QC Competition for Cost Reduction Company of the Year Award 2020 b
Slide 27: Sustainability
SUSTAINABILITY SILVER RATING OF MEMBER OF THE UN CORPORATE SOCIAL GENERATION OF 500 KVA SUSTAINABILITY GLOBAL COMPACT RESPONSIBILITY - AWARD PER MONTH. 2021 2022 Ecovadis Score Card Shows about The Ten Principles of the Education to the handicapped, In keeping with the efforts of company’s performan
Slide 28: Best HR Practises
BEST HR PRACTISES REMSONS / 90 Great Place To Work Certified INDIA When The Goal Is Greatness, Milestones Are A Natural Outcome. We Are Now A Great Place To Work, TWICE IN A ROW. (ur unshakeable conviction in the power of a positive work environment has given us this recognition, Our growth, we firm
Slide 29: Financials
REMSONS ‘ Financials LET'S MAKE GREAT Years of Engineering Excellence
Slide 30: Five Years Sales Trend - Consolidated
FIVE YEARS SALES TREND - CONSOLIDATED $ =77.62 € = 83.32 £ = 97.81 2022-23 40 M $ 38 M € 2021-22 32M £ 37 M $ 34 M € 29 M £ 2020-21 29 M $ 27 M € 23 M £ 2019-20 20 M $ 19 M € 16 M £ 2018-19 19 M $ 18 M € 15 M £ ₹ 150 Cr ₹ 160 Cr ₹ 226 Cr ₹ 286 Cr ₹ 313 Cr National Lockdown From Pandemic March 20 – W
Slide 31: Profitable Growth, Strong ROE, ROCE (Consolidated)
PROFITABLE GROWTH, STRONG ROE, ROCE (CONSOLIDATED)
Slide 32: Annual Standalone Profit & Loss Statement
ANNUAL- STANDALONE PROFIT & LOSS STATEMENT Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net sales 128.13 149.38 159.18 195.48 223.28 263.96 Cost of Goods Sold 78.07 92.98 95.71 136.29 152.81 179.90 Employee expenses 23.89 26.97 30.99 30.03 33.71 37.25 Other expenses 18.14
Slide 33: Annual Consolidated Profit & Loss Statement
ANNUAL-CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Net sales 128.13 149.38 159.18 226.15 286.45 312.80 Cost of Goods Sold 78.07 92.98 95.71 151.68 180.79 195.13 Employee expenses 23.89 26.97 30.99 39.58 52.27 56.50 Other expenses 18.1
Slide 34: Annual Standalone Balance Sheet (1/2)
ANNUAL- STANDALONE BALANCE SHEET (1/2) Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Assets Non-Current Assets Property, Plant & Equipment 21.75 21.51 21.71 24.05 27.91 32.98 Right of Use of Assets - - 0.54 8.81 6.87 4.89 Capital Work in Progress 0.05 0.14 0.08 0.35 0.54 0
Slide 35: Annual Standalone Balance Sheet (2/2)
ANNUAL_ STANDALONE BALANCE SHEET (2/2) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Equities & Liabilities Share Capital 5.71 5.71 5.71 5.71 5.71 5.71 Reserves & Surplus 13.84 16.03 19.03 25.68 28.89 35.99 Net Worth 19.55 21.74 24.74 31.39 34.60 41.70 Non-Current Liabilities Long Term Borrowings
Slide 36: Annual Consolidated Balance Sheet (1/2)
ANNUAL- CONSOLIDATED BALANCE SHEET (1/2) Particulars (INR in crs) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Assets Non-Current Assets Property, Plant & Equipment 21.75 21.51 21.71 31.71 34.40 40.74 Right of Use of Assets - - 0.54 8.81 6.87 4.89 Capital Work in Progress 0.05 0.14 0.08 0.35 0.54
Slide 37: Annual Consolidated Balance Sheet (2/2)
ANNUAL-CONSOLIDATED BALANCE SHEET (2/2) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 Equities & Liabilities Share Capital 5.71 5.71 5.71 5.71 5.71 5.71 Reserves & Surplus 13.84 16.03 19.03 24.01 28.82 36.56 Net Worth 19.55 21.74 24.74 29.72 34.53 42.27 Non-Current Liabilities Long Term Borrowings
Slide 38: Thank You!
Thank You! For further information, please contact Remsons Industries Limited KAPTIFY Consulting Tel: +91 22 2612 2368/2611 3883 Strategy & Investor Relations Consulting Email: corporate@remsons.com Tel: +91 845 288 6099 | Email: info@kaptify.in www.remsons.com www.kaptify.in