Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — Q3 FY2025 Earnings Presentation
29 slides from Samvardhana Motherson International's earnings presentation, Feb 14, 2025
Slide 1: Exchange filing cover letter for Q3 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 February 14, 2025 BSE Limited National Stock Exchange of India Limited 1st Floor
Slide 2: Presentation on Q3 FY 2024-25 Results
Samvardhana Motherson International Limited Presentation on Q3 FY 2024-25 Results 11
Slide 3: Performance at a glance 01/02
Performance at a glance 01/02. Our diversified and resilient business model continues to deliver steady performance under challenging business environment . Financial Highlights Q3FY25 vs Q3FY24 9MFY25 vs 9MFY24 Revenue1 8% Revenue 1 18% Rs 27,666 crores, Rs 84,346 crores, EBITDA 13% Normalised EBIT
Slide 4: Performance at a glance 02/02: Business Highlights
Performance at a glance 02/02. Business Highlights 01 02 03 YoY Growth in revenues 2 new Acquisitions Formed 2 new Joint and profitability despite announced during Q3 Ventures with Sanko, Japan global automotive and Matsui Japan production de-growth Atsumitec and Baldi Auto to enable further diversi
Slide 5: Macroeconomic Indicators and Automotive Industry Outlook
Macroeconomic Indicators and Automotive Industry Outlook 44
Slide 6: Macro indicators remain largely stable, commodity price volatility continues
Macro indicators remain largely stable, Volatility in commodity prices and Energy in Europe continues, improvement in supply chain EU, USA & India Inflation 1 EU, USA & India Interest rates 1 Energy prices for Germany EU USA IND (in %) (in %) (in Euro / MWh 2) 10.0 40 0 14 5 6. 5% 6.5% Jan 2025 6.3%
Slide 7: Global PV volumes flattish while CV de-grew YoY
Global PV volumes remained flattish while CV de-grew on YoY; Degrowth in PV from Europe and North America was offset mainly by growth in China and India Global. Europe. North America. Light Vehicles Commercial Vehicles Light Vehicles Commercial Vehicles Light Vehicles Commercial Vehicles -1% -5% -3%
Slide 8: Platform mix evolving with growth in EVs and Hybrids
Platform mix continuously evolving with growth in EVs and Hybrids EV Hybrid Europe. North America. 41.0% 35.2% 21.0% 35.7% 17.3% 36.0% 15.8% 16.5% 16.6% 29.8% 29.6% 31.0% 27.2% 16.0% 26.0% 21.0% 11.0% 8.0% 8.7% 7.7% 7.8% 13.1% 16.0% 11.2% 12.1% 10.5% 12.5% 11.0% 6.0% 6.0% 1.0% 1.0% Q1 Q1 2024 Q2 202
Slide 9: SAMIL's Performance for Q3FY2025
SAMIL’s Performance for Q3FY2025 88
Slide 10: Consolidated Financial Performance Q3FY25 vs Q3FY24
Despite the challenges posed by the external environment, business demonstrates resilience and continues to achieve steady performance. (all figures are Rs. in Crores) Consolidated Financial Performance Q3FY25 vs Q3FY24 (YoY basis) Revenue1 EBITDA PAT (Concern Share) + 8% + 13% + 20% 27,666 30,0 00
Slide 11: Significant deleveraging of the balance sheet
Significant deleveraging of the balance sheet 10 10
Slide 12: Continued progress on deleveraging journey; 0.9x Net Debt to EBITDA
Continued progress on deleveraging journey ; At 0.9x Net Debt to EBITDA. Financial 2.8 Leverage Ratio1,2 Policy 2.5x 25 ,0 00 2.0 1.9 2.3 1.8 1.7 1.5 Comfortably 1.4 1.4 1.4 20 ,0 00 1.8 placed to support 15 ,0 00 1.0 1.3 growth ambitions and ride through volatile business environment 10 ,0 00 0.8 0
Slide 13: Capital Expenditure (Capex)
Capital Expenditure (Capex) 12 12
Slide 14: Prudent approach towards capex, guidance recalibrated
Prudent approach towards capital expenditure, Capex guidance recalibrated. Capex Total Capex of Rs. 2,915 crores (Rs in Crores) Reduced capex 1,80 0 65% during 9MFY25 70 % guidance of 4,500 +/- 5% from 1,60 0 52% 60 % 1,296 36% 5,000 +/- 5% 1,231 39% 1,40 0 32% 50 % 40% 1,078 1,20 0 37% 36% 24% 946
Slide 15: Emerging businesses becoming focal point for growth with multiple Greenfields
Emerging businesses becoming focal point for growth with multiple Greenfields across product categories . At various stages of completion (14) Business Division No Expected SOP Wiring Harness 02 Q2FY26 / Q2FY27 India 6 New Lighting and Electronics Greenfields 08 (Consumer Electronics) 02 Q2FY26 / Q3
Slide 16: Divisional Performance
Divisional Performance 15 15
Slide 17: 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 Medical Modules Solutions 16 16
Slide 18: Business Division Wise Financial Performance: Q3FY25 vs Q3FY24
Business Division Wise Financial Performance 1 : Q3FY25 vs Q3FY24. (all figures are Rs. in Crores) Wiring Modules and Vision Integrated Emerging Harness. Polymer Products. Systems. Assemblies. Businesses. Revenues Revenues Revenues Revenues Revenues 14,614 12,754 7,916 7,829 6,00 0 5,50 0 4,807 4,72
Slide 19: Key Divisional Highlights 01/02
Key Divisional Highlights 01/02. Wiring Harness. Modules and Polymers. Vision Systems. Integrated Assemblies. • Steady revenue performance despite • Achieved double digit growth in • Revenue growth remained muted • Revenue growth despite demand related challenges in CV revenues (on a YoY basis) desp
Slide 20: Key Divisional Highlights 02/02: Emerging businesses
Key Divisional Highlights 02/02. Emerging businesses. Consumer Electronics. Technology and Industrial Solutions. ✓ 1st plant operationalized and is currently in ramp-up phase with increased production ✓ SOP for 4G Telematics unit and developed new product - LCD cluster for 2W segment ✓ Additional 2
Slide 21: Summary of divisional financial performance
Summary of divisional financial performance. (all figures are Rs. in Crores) (all figures are Rs. in Crores) FY24 Q3FY24 Q3 FY25 Business Division Revenue EBITDA EBITDA% Revenue EBITDA EBITDA% Revenue EBITDA EBITDA% Wiring Harness 31,514 3,362 10.7% 7,916 851 10.8% 7,829 924 11.8% Modules & Polymer
Slide 22: Bridge - Gross to Reported revenue
Bridge - Gross to Reported revenue. (all figures are Rs. in Crores) FY2023-24 FY 2024-25 12M 9M 9M Gross revenue 143,767 102,217 133,219 Less: Throughput revenue1 31,779 20,819 37,505 Economic Revenues 111,988 81,398 95,714 (including JVs) Less: JVs consolidated as per equity method 13,296 9,764 11,
Slide 23: Consolidated Debt Status, Reference Rates, and Notes
Consolidated Debt Status, Reference Rates, and Notes. A. Net Debt including Lease liabilities . Copper Rates. Average Q3 FY24 Q2 FY25 Q3 FY25 Rs. In Dec- 22 Mar-23 Jun-23 Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Crores LME Copper (USD / MT ) 8,169 9,207 9,178 Gross 12,968 12,166 12,546 19,228 19,18
Slide 24: Annexure
Annexure 23 23
Slide 25: SAMIL Consolidated Q3FY25 vs Q3FY24
SAMIL Consolidated Q3FY25 vs Q3FY24. (all figures are Rs. in Crores) Revenues1 EBITDA 10.0% 30,0 00 27,666 25,644 + 8% 9.3% 25,0 00 3,00 0 + 13% 2,776 14 .0% 2,454 13 .0% 69 2 12 .0% 20,0 00 11 .0% 2,776 10 .0% 15,0 00 2,385 9.0 % 8.0 % 7.0 % 1,00 0 6.0 % 10,0 00 Q3 FY24 Q3 FY25 Q3 FY24 Q3 FY25 PBT
Slide 26: SAMIL Consolidated 9MFY25 vs 9MFY24
SAMIL Consolidated 9MFY25 vs 9MFY24. (all figures are Rs. in Crores) Revenues1 100 ,000 Normalised EBITDA 95,0 00 90,0 00 + 18 % 84,346 9.5% 85,0 00 80,0 00 71,634 + 25 % 75,0 00 70,0 00 8.8% 8,202 65,0 00 178 3 10 ,0 00 6,395 60,0 00 9,00 0 10 .0% 55,0 00 8,00 0 2 50,0 00 8.0 % 7,00 0 45,0 00 40,0
Slide 27: Business Division Wise Financial Performance: 9MFY25 vs 9MFY24
Business Division Wise Financial Performance 1 : 9MFY25 vs 9MFY24. (all figures are Rs. in Crores) Wiring Modules and Vision Integrated Emerging Harness. Polymer Products. Systems. Assemblies. Businesses. Revenues Revenues Revenues Revenues Revenues 44,447 41 ,0 00 36,223 24,267 23,346 19 ,0 00 17 ,
Slide 28: Robust Balance Sheet with Comfortable Debt Maturities and Strong Liquidity
Robust Balance Sheet with Comfortable Debt Maturities and Strong Liquidity. Gross Debt - INR 16,354 crore (~USD 1.91 Bn) Liquidity ~INR 9,103 crore (~USD 1.1 Bn) (INR crore, as of 31st Dec 2024) (INR crore, as of 31st Dec 2024) Commited Short Term Debt Undrawn Inc luding RCF Roll Facilities Ov er fa
Slide 29: Copyright notice
© 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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