Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — Q1 FY2025 Earnings Presentation
26 slides from Samvardhana Motherson International's earnings presentation, Aug 13, 2024
Slide 1: Cover letter to stock exchanges on Q1 FY25 results
Samvardhana Motherson International Limited Head Office: C-14 A & B, Sector 1, Noida – 201301 Distt. Gautam Budh Nagar, U.P. India Tel: +91-120-6752100, 6752278, Fax: +91-120-2521866, 2521966, Website: www.motherson.com August 13, 2024 BSE Limited National Stock Exchange of India Limited 1st Floor,
Slide 2: Presentation on Q1FY 2024-25 results
Samvardhana Motherson International Limited. Presentation on Q1FY 2024-25 results
Slide 3: Key Highlights 01/03: A strong platform delivering all-round performance
Key Highlights 01/03 A strong platform delivering all- round performance. Performance Overview. Revenues EBITDA PAT (Q1FY25) (Q1FY25) (Q1FY25) Strong revenue growth amidst muted Rs. 28,868 Crores Rs. 2,785 Crores Rs. 994 Crores industry volumes growth and evolving platform mix; All announced +29% +4
Slide 4: Key Highlights 02/03: Fundamentals in place for future growth
Key Highlights 02/03 Fundamentals in place for future growth. Business Highlights. Financial Prudence Capex and Greenfields Leverage ratio1 maintained at Greenfield investments on track; comfortable levels (1.5x) 2 facilities commenced production despite increased Net debt (from the earlier announce
Slide 5: Key Highlights 03/03: Stabilising macro factors; muted industry growth
Key Highlights 03/03 Stabilising macro factors with regional challenges; Muted Industry growth in the quarter. Macro Environment and Industry Overview. Macro factors remain stabilized at Global light vehicle production volume Automotive mega trends higher levels, though some regional growth remained
Slide 6: Macroeconomic indicators and Automotive industry Outlook
Macroeconomic indicators and Automotive industry Outlook. 55
Slide 7: Largely stable macro environment; commodities normalising, freight challenges
Largely stable macro environment; blip in commodities normalising, regional freight challenges due to red sea crisis. EU, USA & India Inflation1 Energy prices for Germany EU, USA & India Interest rates1 (in %) (in Euro / MWh 2) (in %) 40 0 14 5 12. 0 35 0 12 5 7.0% 6.5% 6.5% 8.7 10. 0 30 0 10 5 6.0%
Slide 8: Stable global PV production volumes; dip in Europe
Stable global PV production volumes; Growth in China, India and NA, offset by dip in Europe. Data represents automotive production volumes on YoY basis Global. Europe. North America. Softness Light Vehicles Commercial Vehicles visible in production Light Vehicles Commercial Vehicles Light Vehicles C
Slide 9: Automotive Mega Trends continue to be tailwinds
However, Automotive Mega Trends continue to be tailwinds in both Developed and Emerging markets. Developed Markets Emerging Markets SUV Share SUV Share 70 % 65 % 60 % 70 % 55 % 65 % 50% 51% 45% 45% 60 % 46% 47% 49% 50 % 42% 43% 55 % 50 % 45 % 40% 45 % Hybrids and SUVs 40 % 40 % 35 % production 35 %
Slide 10: SAMIL's Performance for Q1FY2025
SAMIL’s Performance for Q1FY2025. 99
Slide 11: Strong performance of both organic and inorganic businesses
Strong performance of both organic and inorganic businesses. (all figures are Rs. in Crores) Consolidated Financial Performance Q1FY25 vs Q1FY24 (YoY basis) Revenue EBITDA PAT (Concern Share) 30 ,0 00 + 29% + 44% + 65% 28 ,0 00 3,000 14 .0% 26 ,0 00 28,868 13 .0% 1,80 0 0.0 9 24 ,0 00 22,462 9.6% 1,
Slide 12: Comfortable Leverage ratio; leverage at 1.5x
Comfortable Leverage ratio. Leverage at 1.5x. 40 ,0 00 2.8 Gross and Net Debt1 with Cash and Bank Balance (Rs in Crores) 35 ,0 00 2.1 2.3 Comfortable leverage position 2.0 1.9 despite increase in net debt by ~3,000 cr mainly contributed by 30 ,0 00 1.8 1.7 1.5 1.8 • ~1,750 cr impact on net debt 1.4
Slide 13: Investments on track for Impending Growth in Emerging Markets
Investments on track for Impending Growth in Emerging Markets. 19 Greenfields across four emerging market countries for Auto and Non-Auto businesses India Business Division Nos Expected SOP Capex 13 Wiring Harness 03 Q2FY25 / Q1FY26 / Q3FY26 (Rs in Crores) Modules and Polyme r Produc ts 01 Q1FY25 (O
Slide 14: Comfortable Debt Maturities and Strong Liquidity available
Comfortable Debt Maturities and Strong Liquidity available. Gross Debt Liquidity ($ mn, as of 30th June 2024) ($ mn, as of 30th June 2024) Maturity moved to post FY29 with 350 issu ance o f Bond Commited 350 Undrawn 325 Facilities 572 579 Short Term Debt 449 Including 373 Unnrestricted cash RCF Faci
Slide 15: Positive rating actions by multiple Rating Agencies
Financial prudence evidenced by positive rating actions by multiple Rating Agencies. SAMIL rated by leading International and Domestic Rating agencies International ratings SAMIL Issue SAMIL 1 rating rating assigned a 4 upgraded upgraded rating of to Baa3. to BBB-. A Stable. Strong Business profile
Slide 16: Business Divisions
Business Divisions. 01. 02. 03. 04. 05. Wiring Vision Modules & Polymer Integrated Emerging harness Systems Products Assemblies Businesses Elastomers Lighting & Precision Technology & Aerospace Logistics Health Services Electronics Metals & Industrial Solutions & Modules Solutions Medical 15 15
Slide 17: Business Division Wise Financial Performance: Q1FY25 vs Q1FY24
Business Division Wise Financial Performance 1 : Q1FY25 vs Q1FY24. (all figures are Rs. in Crores) Wiring Modules and Vision Integrated Emerging Harness. Polymer Products. Systems. Assemblies. Businesses. Revenues Revenues Revenues Revenues Revenues + 9% +27% + 8% + 42% 6,00 0 15,193 5,50 0 4,997 2,
Slide 18: Key Divisional Highlights 01/02
Key Divisional Highlights 01/02. Wiring Harness. Modules and Polymers. Vision Systems. Integrated Assemblies. ✓ Revenue growth supported by ✓ Revenue growth supported by ✓ Revenue growth supported by ✓ Division was created in Q2 FY 24 and hence ✓ Strong revenues supported by ✓ Mix and content growth
Slide 19: Key Divisional Highlights 02/02
Key Divisional Highlights 02/02. (all figures are Rs. in Crores) Emerging businesses - Emerging businesses – Emerging businesses Automotive. Non-Automotive. Revenue by Segment Q1FY25. Elastomers Aerospac e business growth pickin g up pace Services, 16.0% Lighting & • Growing p roduct portfolio with
Slide 20: Summary of divisional financial performance
Summary of divisional financial performance. (all figures are Rs. in Crores) (all figures are Rs. in Crores) FY24 Q1FY24 Q1 FY25 Business Division Revenue EBITDA EBITDA% Revenue EBITDA EBITDA% Revenue EBITDA EBITDA% Wiring Harness 31,514 3,362 10.7% 7,639 778 10.2% 8,326 975 11.7% Modules & Polymer
Slide 21: Bridge Gross to Reported revenue
Bridge Gross to Reported revenue. (all figures are Rs. in Crores) FY2023-24 FY 2024-25 12M Q1 Q1 Gross revenue 143,767 26,909 45,189 Less: Throughput revenue1 31,779 1,569 12,792 Economic Revenues 111,988 25,340 32,397 (including JVs) Less: JVs consolidated as per equity method 13,296 2,878 3,529 Re
Slide 22: Consolidated Debt Status, Reference Rates, and Notes
Consolidated Debt Status, Reference Rates, and Notes. A. Net Debt. Copper Rates. Average Q1 FY24 Q4 FY24 Q1 FY25 Rs. In Sep-22 Dec- 22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Crores LME Copper (USD / MT ) 8,478 8,444 9,751 Gross 12,671 12,968 12,166 12,546 19,228 19,186 17,351 20,114 Copper (INR /
Slide 23: Annexure
motherson all Annexure
Slide 24: SAMIL Consolidated Q1FY25 vs Q1FY24
SAMIL Consolidated Q1FY25 vs Q1FY24. (all figures are Rs. in Crores) Revenues 30 ,0 00 28,868 EBITDA 9.6% + 29% 8.6% + 44% 2,785 22,462 25 ,0 00 3,00 0 10 .0% 2,00 0 1,940 8.0 % 20 ,0 00 28,868 6.0 % 4.0 % 1,00 0 15 ,0 00 2.0 % - 0.0 % Q1 FY24 Q1 FY25 10 ,0 00 Q1 FY24 Q1 FY25 PBT PAT (before excepti
Slide 25: SAMIL Standalone Q1FY25 vs Q1FY24
SAMIL Standalone Q1FY25 vs Q1FY24. (all figures are Rs. in Crores) Revenues EBITDA. 2,483 + 18% + 25% 14.7% 2,107 13.9% 365 33 0 20 .0% 32 0 31 0 15 .0% 30 0 292 10 .0% 29 0 5.0 % 28 0 27 0 0.0 % Q1 FY24 Q1 FY25 Q1 FY24 Q1 FY25 24 24 Notes : Revenue implies Revenu e from op erations
Slide 26: Copyright notice, Motherson Group
© Motherson Group All rights r ese rve d b y Motherson and/or its affilia ted companie s. Any commercial use he reof, especially a ny transfer and/or copying her eof, is pr ohibited withou t the prior written consent of Motherson and/or its affiliate d compan ies. In case of transfer of information
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