Slide 1: Minda Corporation Limited FY2015 Consolidated Earnings Presentation
Safety, Security and Restraint Systems Minda Corporation Limited (BSE: 538962; NSE: MINDACORP) Driver Information and Telematics Systems FY2015 Consolidated Earnings Presentation May 29, 2015 Interior Systems 1 Minda Corporation – FY2015 Earnings Presentation
Slide 2: Important Notice
Important Notice 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 Minda Corporation Limited (“Minda Corp” or the Company) future busi
Slide 3: Financial Highlights
Financial Highlights Highlights – FY2015 vs. FY2014 Net Sales EBITDA Margin Expansion Rs. 19,706 Mn Rs. 2,082 Mn EBITDA 23.6% 33.4% 78bps PAT Leverage Dividend Payout Net Debt: Rs.4,010 Mn Rs. 895 Mn Increased from Rs. Net Debt / Equity: 12.8% 41.9 Mn to Rs 83.7 Mn 0.86x 3 Minda Corporation – FY2015
Slide 4: Management Commentary
Management Commentary Commenting on the results and performance, Mr. D.C. Sharma, Group CFO “We are tremendously encouraged to see the progress made by Minda Corp during the year and setting up the tone for the coming fiscal year. Our teams have ensured best in class operational efficiencies across
Slide 5: Corporate Developments for FY2015
Corporate Developments for FY2015 Corporate Social Responsibility: Spark Minda Foundation (SPV for Group CSR activities) Business integrated • Partnered with Tihar Jail for on-the job training of jail inmates • This is the 1st PPP model program in Automobile Industry • Stakeholders – Minda Furukawa,
Slide 6: Industry Overview
Industry Overview Passenger Vehicles – Domestic Production Commercial Vehicles – Domestic Production 4.9% 8.4% 15.0% 10.0% 3.1% 5.0% 7.4% 4.8% 0.0% 5.0% 1.8% 2.8% (5.0%) (10.0%) (15.4%) (15.0%) (5.0%) (20.0%) Q2 CY14 Q3 CY14 Q4 CY14 Q1 CY15 Q2 CY14 Q3 CY14 Q4 CY14 Q1 CY15 Y-o-Y Growth (%) Y-o-Y Grow
Slide 7: Financial Performance
Financial Performance Key Financial Statistics Full Year Ended y-o-y (Rs. Million) FY2015 FY2014 Growth (%) Total Revenue 19,706 15,939 23.6% EBITDA 2,082 1,561 33.4% Margin (%) 10.6% 9.8% Profit Before Tax (PBT) 1,109 956 16.0% Margin (%) 5.6% 6.0% Profit After Tax (PAT) 895 793 12.8% Margin (%) 4.
Slide 8: Financial Performance
Financial Performance Continued Stellar Performance in FY2015 23.6% • Domestic operations increased by 23% and international by 25% Revenue • Safety Security & Restraint Systems increased by 18.5% and Driver Information & Telematics Systems by 54.1% while the Interior systems remained flat 33.4% • E
Slide 9: Financial Performance
Financial Performance Revenue (Rs. million) EBITDA (Rs. million) and Margin (%) 5,359 585 567 441 489 4,918 4,846 4,584 10.9% 11.5% 9.6% 10.1% Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 Q1 FY15 Q2 FY15 Q3 FY15 Q4 FY15 PAT (Rs. million) and Margin (%) Performance Discussion – Q4 vs. Q3 FY2015 240 264 • Higher Q
Slide 10: Revenue Metrics – FY2015
Revenue Metrics – FY2015 Revenue Breakdown by Product Category Revenue Breakdown by Businesses 22% 33% 41% 67% 37% Safety Security & Restraint Systems Driver Information & Telematics Systems Subsidiaries and Joint Ventures Standalone Interior Systems Revenue Breakdown by Geography Revenue Breakdown
Slide 11: Capital Structure
Capital Structure Particulars (Rs. million) 31 Mar 15 31 Mar 14 Net Debt / EBITDA(x) & Total Debt / Net Worth(x) Short Term Borrowings 2,644 2,789 2.8x 2.8x Long Term Borrowings 1,807 2,097 2.0x 1.9x Total Debt 4,451 4,886 1.3x 1.3x 1.1x 0.9x Less: Cash & Cash 441 540 Equivalents Net Debt / (Net Cas
Slide 12: Minda Corp: Global Footprint
Minda Corp: Global Footprint Europe (3) India (24) South East Asia (3) Czech Republic Japan Poland Delhi / NCR (1) (1) Uttarakhand (1) (9) (3) Vietnam MP (1) (1) Germany Maharashtra (1) (6) Indonesia (1) Manufacturing Facilities Tamil Nadu Representative offices (5) Driver Information Safety and Sec
Slide 13: Investment Highlights
Investment Highlights Compelling Competitive Industry Dynamics Best in class operations Blue chip Customers Position • Technological • Emerging economies • 29 plants globally, 24 advancement and have seen rising in India, 1 each in R&D to increase market demand for Poland, Germany, share and additio
Slide 14: Strategic Direction
Strategic Direction Near Term Strategic Plan Aggressive To look for those approach for inorganic export market opportunities 1 and becoming global supplier of 2 which can immediately add choice for all the value and Focus on major OEMs profitability improvement of overall margin by way of cost reduc
Slide 15: Minda Corporation Limited
Minda Corporation Limited Ajay Sancheti asancheti@minda.co.in (CIN: L74899DL1985PLC020401) Vinod Bapna vbapna@minda.co.in Minda Corporation +91 124 4698400 Corporate Office: D-6-11, Sector-59, Noida -201301, Distt. G.B. Nagar U.P. (India). Phone: +91 120 4787100; Fax: +91 120 4787200 Deepak Balwani