Wheels India Limited · NSE:WHEELS
Wheels India — Investor Presentation (July 2024)
18 slides from Wheels India's investor presentation, July 2024
Slide 1: Wheels India Limited Investor Presentation June '24
Wheels India Limited Investor Presentation June ‘24 111
Slide 2: TSF Group Overview
TSF Group Overview • Companies part of the T S Santhanam family ~$2.7 Bn. Consolidated with lineage from the erstwhile TVS Group Turnover FY22 • Diversified portfolio across Auto components, Dealerships & Distribution and Financial 1936 services Since 15 36+ Business • Global supply chain partner wi
Slide 3: TSF Group Companies
TSF Group Companies TSF Group Auto Components Auto Distribution & Dealerships Finance and Insurance Brakes India Sundaram Finance India Motor Parts & Accessories Wheels India Limited Royal Sundaram General Insurance Turbo Energy Sundaram Motors Sundaram Home Finance Axles India Madras Auto Sundaram
Slide 4: Promoters & Value system of TSF
Promoters & Value system of TSF Wheels India Limited (WIL) is part of the TSF Group and was established in 1960 WIL is a listed Company, wherein Promoters hold 58.73 % of the equity capital . Value systems of WIL are Relationships, Integrity , Customer Centricity and Excellence . 4
Slide 5: Wheels India Ltd - Company Profile
Wheels India Ltd - Company Profile Tractor & Earth mover wheels Automotive - Steel & Aluminium Wheels 1960 Establishment Components for Wind Turbines Air suspension & Lift axles ~8,000+ Workforce Fab Sector Hydraulic Cylinders 10 Units Manufacturing plants $ 530 Million Railways WIL Car Wheels Ltd $
Slide 6: Journey of Wheels
Journey of Wheels WIL RENEWABLE CAST ALLOY ESTABLISHED CHASSIS AND ENERGY WHEELS PLANT, AT PADI, CONSTRUCTION EARTHMOVER FORGED SUSPENSION COMPONENTS, THERVOY Agriculture CHENNAI, PASSENGER EQUIPMENT WHEELS ALLUMINIUM PRODUCTS IRUNGATTUKOTT KANDIGAI, Equipment TAMIL NADU CAR WHEELS WHEELS – - 1996 W
Slide 7: Manufacturing Capability
Manufacturing Capability Passenger Car / UV Car / UV Wire Wheels CV – Tube type Commercial Vehicle CV - Tubeless Forged Aluminium Wheels Aluminium Wheels Cast Aluminium Wheels Off Road & Tractor Wheels Tractor Construction wheels Air Air Suspension Suspension Lift Axles Fab & Fabrication for CE Hydr
Slide 8: Plant Locations
Plant Locations Padi - CV, TR, LP, EM, AS, WW & FAW Rampur - CV , LP , EM & TR Pune - CV, TR & LP Sriperumbudur - EM, SPDC & AS Namachivayapuram - FAB Pukkathurai - WTC Mambakkam - AS Thervoy Kandigai - CAW Legend CV Commercial Vehicles TR Tractor LP Light Passenger Vehicle EM Earth mover Wheels AS
Slide 9: Key Customers
@ @ *=¥ end Kybotg sail CAT vomnisy GY cred Ale) anrenmw INDUSTRIAL JOHN DEERE \/Z@ MARUTI oe ra ad MSsuzuKi STS. Cp - EG) PSA +) PSLARIS GD HYUNDAI RENAULT NISSAN TOVOTA —— Mahindra a” el __ i) DAIMLER @scanw~ r=) SCHWARZMULLER ASHOKLeYLANO = ST GD green KOGEL THALES Mahindra | mee VeS(aS SIEVENSGi
Slide 10: Accreditations/Awards
Accreditations/Awards General Motors Supplier Quality Caterpillar Supplier Excellence Overall Performance award Excellence Award 2020 Award 2022 by MSIL ISO 14001: 2015 & IATF 16949 Certification ISO 9001:2015 CERTIFICATION ISO 45001:2018 Certification 10 10
Slide 11: Business Overview
Business Overview WIL a leader in automotive wheels business , operates in two business segments , namely automotive products and industrial products . WIL has the following businesses in its fold ; Automotive wheels division Construction equipment division comprising wheels, fabrications and hy
Slide 12: Sales growth & Export Sales Growth
Sales growth & Export Sales Growth Values in INR Cr Sales 4619.03 4355.56 3701.07 2215.94 Q1 2024-25 2020-21 2021-22 2022-23 2023-24 Sales 1088.20 1215.91 Export 259.43 (23.84%) 1000.65 976.20 566.01 25.54% 27.04% 22.41% 26.32% 2020-21 2021-22 2022-23 2023-24 12
Slide 13: Q1 FY25 (Quarter) Summary Financials
Q1 FY25 (Quarter) Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% Q1 FY 25 Q1 FY 24 31-03-2024 Gross revenues 1,088.20 1,133.02 4,619.03 -4.0% EBITDA 79.48 63.79 276.35 24.6% Interest 25.98 27.85 108.48 -6.7% Depreciation 20.57 18.97 78.85 8.4% PBT 32.93 16.97 8
Slide 14: Segment Revenue – Q1 FY25
Segment Revenue – Q1 FY25 Values in INR Cr / % Segmental Revenue Q1 FY 25 Q1 FY 24 23-24 GOLY % Automotive components 891 928 3,783 -4% Industrial components 191 201 824 -5% Revenue from operations 1,083 1,128 4,607 -4% Segmental EBIT Q1 FY 25 Q1 FY 24 23-24 GOLY % Automotive components 60.17 38.22
Slide 15: Capex
Capex Values in INR Cr 225.00 148.13 141.53 129.63 111.86 2020-21 2021-22 2022-23 2023-24 2024-25 Major Capex (new plant) spend in the recent past Cast aluminium wheel plant was set up in 2020-21, at a Cumulative cost of Rs 250 crs in Thervoykandigai, near Chennai . Machining plant to cater the wind
Slide 16: Funding metrics
Funding metrics Values in INR Cr/Percentage DEBT Debt Equity 1.26 1.08 811.06 1.02 755.20 708.52 692.43 0.93 609.17 0.88 2020-21 2021-22 2022-23 2023-24 2024-25 Q1 2020-21 2021-22 2022-23 2023-24 2024-25 Q1 During FY 25Q1 debt has declined by Rs 16 crs Debt equity is dropped in FY25 Q1 Debt to EBITD
Slide 17: Key strategies & focus areas, ROCE & RONW
Key strategies & focus areas, going forward …. Percentage ROCE & RONW Grow exports across automotive wheels, construction equipment and wind turbine sectors Ramp-up cast aluminium wheel business Ramp-up the new facility for machining of large castings Grow the fabrication & hydraulic cylinde
Slide 18: Thank you
Thank you 18