Slide 1: NSE filing cover letter
31st August, 2021 To, NSE Limited, Exchange Plaza, Plot No. C/1, G-Block, Bandra-Kurla Complex, Bandra (E), Mumbai 400 051 Symbol: SINTERCOM Series: EQ Sub: Investor Presentation Dear Sir/ Madam, Please find enclosed herewith updated Investor Presentation. Please take the note of the same. For and o
Slide 2: Sintercom India Ltd. Investor Presentation August 2021
Sintercom India Ltd. Investor Presentation- March 2021 INVESTOR PRESENTATION August 2021
Slide 3: Company Overview
~ @D Sorex Company Overview
Slide 4: Company Overview
Company Overview • Established in 2007, Sintercom India Limited is the leading automotive sintered components manufacturer located in Revenue (INR Mn) & EBITDA Margin (%) Pune, India. 900 22% 22% 24% • The Company has integrated manufacturing facilities and has increased its capacity from 1,980 MTPA
Slide 5: MIBA
MIBA • The Miba Sinter Group established in 1963, has decades of experience in the Sinter Technology and is one of the FY21 MIBA-Geographical Presence leader in the Global Sintering Industry. Americas Asia • Miba Sinter Austria GmbH manufactures high precision and sintered components. The Company of
Slide 6: Milestones
Milestones Managing Director Mr. Conversion of Jignesh Raval has Conversion of forged to sintered won “Male Forged to Sintered Shift Tower Entrepreneur of Stainless Steel rings in CV Components in PV The company the Year Award” Hego Boss segment and Conversion of segment and listed on NSE by IPF Ind
Slide 7: Sintercom Technology Roadmap
Sintercom Technology Roadmap SINTERCOM – PIONEER IN SINTERING TECHNOLOGY IN INDIA INTRODUCTION OF SINTER HARDENING TECHNOLOGY IN INDIA DEVELOPMENT OF SS HIGH CONVERSION OF FORGED RINGS TO SINTERED TEMPERATURE SINTERING – A FIRST IN INDIA CONVERSION OF FORGED DEVELOPMENT OF DENSCOMP SPROCKETS TO SINT
Slide 8: Vision, Mission, Values and Strength
Vision, Mission, Values and Strength • Global leadership in sintering business by providing innovative technology for processes & people • Increase sinter component leverage in an automobile up to 10 kgs. per vehicle Our Vision • Innovation in Motion –Technologies for a Cleaner Planet and • Improve
Slide 9: Board of Directors
Board of Directors Hari Nair, Chairman Jignesh Raval, Managing Director • Member of Board active since 2015 • 25+ years of experience at Tenneco, COO at Tenneco for 5 years, • Member of Board & Managing Director CEO at Anitar Investments, M&A Consultant at NM Rothschild & active since 2007 Sons, Mem
Slide 10: Management Team
Management Team Pankaj Bhatawadekar, Chief Financial Officer Nikhil Chavan, Sr. General Manager • Joined Sintercom Team in 2009 • Joined Sintercom Team in 2007 • Certified Chartered Accountant from ICAI. • Degree from University of Pune. • Experience in Finance field more than 15 years • More than 1
Slide 11: Awards & Recognitions
Awards & Recognitions Mr. Jignesh Raval has won “Male Entrepreneur of the Year Award” by IPF Industrial Excellence Awards 2020 Business Excellence Award for “Best Supplier - Make in India” awarded by Dun & Bradstreet during the year 2019-20. Appreciation from Maruti Suzuki for VAVE Appreciation from
Slide 12: What is Sintering and Advantages
What is Sintering and Advantages • Sintering is a heat treatment commonly used to increase the strength and structural integrity Sintering Casting of a given material. The temperature used for sintering is below the melting point of the major constituent of the Powder Metallurgy material. After comp
Slide 13: Manufacturing Process
Manufacturing Process Tool Design Sintering/ √ Machining Heat/steam Treatment, Packing and shipping Compacting Sinter Hardening Re-pressing Surface Densification Tapering (optional) Deburring, etc. Premix Powder Responsible Use of Resources Raw Material Intensity 1,04 kg Raw Material/kg Product Meat
Slide 14: General Production Process Flow
General Production Process Flow Every Process stage has been linked with SAP for traceability and monitoring Sintering / Sinter Tool Design RM Receipt RM Checking Compaction Tempering Hardening General Production Process Flow Final Inspection & Induction Machining Heat Treatment Packing Hardening (O
Slide 15: Manufacturing Facilities
Manufacturing Facilities Tool Design RM Checking Compaction Sintering / Sinter Hardening Final Inspection & Packing Machining (I/H & O/S) Sintercom India Limited Investor Presentation 14
Slide 16: Client List
Client List OEM Clients Client-wise Revenue (Q1-FY22) Others 11% Maruti Suzuki Limited 16% TIER - 1 Bajaj Auto Limited 20% Mahindra & Mahindra 53% Sintercom India Limited Investor Presentation 15
Slide 17: Business Overview
~ @D Sorex Business Overview
Slide 18: Business Portfolio
Business Portfolio Bearing Cap Cam to Cam Back Lash Gears Liquid Dispensing Metering INDUSTRIAL Parts Chain Sprockets ENGINE PRODUCTS GOODS Belt Pulleys Synchro Rings Mass Balancer Assembly TRANSMISSION ELECTRIC VEHICLES BODY Synchroniser Hubs CHASIS Electric Power Steering Segment-wise Revenue (Q1-
Slide 19: Engine
Engine • The engine product portfolio includes BEARING CAP - A bearing cap is the part of the CAM TO CAM BACKLASH GEARS - Designed to engine drive gears, chain sprockets, engine block which contains the main bearings of reduce the free play/backlash between the belt pulleys, and engine shaft bearing
Slide 20: Transmission
Transmission • The product portfolio includes synchro hubs, INTERLOCK FINGER - Interlock Finger works in REVERSE SYNCHRO HUB - Component is used for pre- synchro rings, and drive-train gears. alignment with Shift finger & Block Shift actuator in synchronization, i.e., it generates the load on the •
Slide 21: Body/Chassis
Body/Chassis OXYGEN SENSOR BOSS - Interlock Finger works FLANGE TYPE SENSOR BOSS - High-density • The company produces components of in alignment with Shift finger & Block Shift stainless-steel bosses are manufactured for a exhaust systems, sensor bosses, and actuator in the gear shifting mechanism.
Slide 22: Industrial Goods
Industrial Goods • LIQUID DISPENSING METERING PARTS – • SYNCHRO RINGS – The purpose of the These are very integral for any unit to synchronizer ring is to produce friction torque determine exact quantity of Fuel dispensed. in order to decelerate/accelerate the shaft All types of fuels pass thru the
Slide 23: Electric Vehicle Components under Development
Electric Vehicle Components under Development • The company is in the development stage for manufacturing of components required in Electric Vehicle. • In addition to this, it is also equipped to offer soft magnetic composite (SMC) components and assemblies for applications in modern electric motors
Slide 24: New Product Launches
New Product Launches BS6 Sprockets Hego Boss SOP for two wheeler application Bearing Caps for Diesel and Gasoline engine Uniqueness: Localization along with complex Uniqueness: Intricate shape. Uniqueness: Compaction @ 7.1 density along with shape. Total: 4 nos. unique locking feature. Total: 7 nos.
Slide 25: Manufacturing Metrics
Manufacturing Metrics Capacity Utilization (MTPA) Product Mix 3600 3600 3600 3600 30% 30% 45% 60% 60% 60% 60% 1980 1980 1980 1740 1375 1492 1260 1035 976 70% 70% 55% 244 40% 40% 40% 40% FY16 FY17 FY18 FY19 FY20 FY21 Q1-FY22 FY16 FY17 FY18 FY19 FY20 FY21 Q1-FY22 Utilisation Capacity Diesel Gasoline O
Slide 26: Industry Overview & Future Growth Opportunities
Industry Overview & Future Growth Opportunities 25
Slide 27: Auto Industry
Auto Industry • India became the fourth largest auto market in 2019 displacing Germany with about 3.99 million units sold in the passenger and commercial vehicles categories. India is expected to displace Japan as the third-largest auto market by 2021. Number of automobiles produced (In Mn) • The tw
Slide 28: Auto-ancillary Industry
Auto-ancillary Industry • The Indian auto-components industry has experienced healthy growth over the last few years. The auto-components industry reached USD 49.3 billion in FY20. Aggregate Turnover (USD Bn) • Auto-components industry accounts for 2.3% of India’s Gross Domestic Product (GDP) and em
Slide 29: Sintering Technology Future Opportunities
Sintering Technology Future Opportunities Process Application Sintering Automotive • Powder metal is compacted into net shape using die tooling • Engine: Gears, Sprockets, Rotors, Pulleys, Spacers • Compacted components are then sintered into furnaces at high temperatures • Transmissions: Synchro Hu
Slide 30: Future Business Strategy & Growth Drivers
Future Business Strategy & Growth Drivers Key Business Strategies: • Enhancing our customer base: Continue to enhance OEM network and work closely with OEM customers to develop new products for Market Size PV their vehicles and marketing and branding and further intend to widen the sales network to
Slide 31: The Road to Fuel Efficiency & CO2 Compliance – Regulatory Landscape
The Road to Fuel Efficiency & CO2 Compliance – Regulatory Landscape Markets starting to align below a nominal 100g/km NEDC equivalent creating significant cost challenges for OEM’s China: 164 g/km in 2015 China government policy attempts to force 150 compliance and cement a position of global compet
Slide 32: Financial Overview
~ @D Sorex Financial Overview
Slide 33: Income statement
Income statement Particulars (INR Mn) FY19 FY20 FY21 Q1-FY22 Revenue from Operations 827 535 472 115 Expenses 647 464 438 110 EBITDA 180 71 34 5 EBITDA Margin (%) 21.77% 13.27% 7.20% 4.35% Other Income 5 1 5 2 Finance cost 39 38 39 5 Depreciation and amortisation expenses 70 68 62 16 Profit before t
Slide 34: Balance sheet
Balance sheet Equity and Liabilities (INR Mn) FY20 FY21 Assets (INR Mn) FY20 FY21 Share Capital 242 256 Non-current assets Reserves and Surplus 620 782 Fixed assets Total Equity 862 1,038 Property, Plant & Equipment 798 740 Other Intangible assets 125 130 Non Current Liabilities Capital work-in-prog
Slide 35: Key Financial Highlights
Key Financial Highlights Revenue (INR Mn) EBITDA (INR Mn) & EBITDA Margin (%) PAT (INR Mn) & PAT Margin (%) 22% 22% 7% 7% 827 743 181 55 167 55 13% 535 472 -5% 7% -11 4% -29 -47 115 71 34 5 -10% -10% FY18 FY19 FY20 FY21 Q1-FY22 FY18 FY19 FY20 FY21 Q1-FY22 FY18 FY19 FY20 FY21 Q1-FY22 Cash Conversion
Slide 36: Market Data
Market Data Stock Return (As on 30th June 2021) 110% 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% -10% Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Sintercom NSE 250 Small Cap Price Data (As on 30th June 2021) Shareholding Structure (As on 30th June 2021) Face v
Slide 37: Disclaimer
Disclaimer Sintercom India Disclaimer: No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all ev
Slide 38: Thank You!
Thank You! 37