Slide 1: Exchange filing cover letter for earnings presentation
May 22, 2024 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MINDAC
Slide 2: Earnings Presentation - Adding Differentiating Value to the Auto Sector
EARNINGS PRESENTATION Adding Differentiating Value to the Auto Sector May 2024 w w w. s p a r k m i n d a . c o m
Slide 3: Contents
CONTENTS Company Overview Q4 & FY24 – Financial & Other Highlights Investment Theme Strategic Pillars of Growth ESG, CSR and Awards
Slide 4: Company Overview
Company Overview
Slide 5: One of India's Leading Automotive Component Company
One of India’s Leading Automotive Component Company (INR Cr) Business Verticals Particulars FY21 FY22 FY23 FY24 Revenue 2,368 2,976 4,300 4,651 EBITDA 217 295 461 514 Electrical Light Weighting & Driver Information EV System & Vehicle access Distribution System Plastics Electronics Margin% 9.2% 9.9%
Slide 6: Q4FY24 - Financial & Other Highlights
Q4FY24 - Financial & Other Highlights
Slide 7: Indian Automotive Industry Performance – Q4 and FY2024
Indian Automotive Industry Performance – Q4 and FY2024 (Production Volumes in Q4 FY24 Growth (Y-o-Y) Mn) Commentary Auto Industry • In the two-wheeler segment volume growth was 26.4% 19.7% driven by consistent demand in domestic market and 9.7% 7.61 continued demand for entry level motorcycles 6.36
Slide 8: Highlights of Q4 & FY24 Performance
Highlights of Q4 & FY24 Performance Q4 FY2024 FY2024 Highest ever quarterly revenue of Rs 1,215 Cr Revenue growth of 8.2% YoY despite challenging growth by 13.1% YoY macro-economic scenario Highest ever quarterly EBITDA of INR 139 Cr with Highest ever annual EBITDA Margin of 11.1%, EBITDA margin of
Slide 9: Superior Financial Performance
Superior Financial Performance Rs. In Cr. REVENUE EBITDA PAT YoY YoY YoY 13% 18% 26% 139 71 Q4 FY24 130 1,166 1,215 117 56 52 1,075 4% 7% 10.9% 11.1% 11.4% 35% 5.8% 5.2% 4.5% Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 Q4FY23 Q3FY24 Q4FY24 EBITDA EBITDA Margin (%) PAT PAT Margin (%) REVENUE EBITDA PAT
Slide 10: Consolidated Performance – Q4 & FY2024
Consolidated Performance – Q4 & FY2024 Particulars (Rs. Crores) Q4FY24 Q4FY23 Y-o-Y (%) Q3FY24 Q-o-Q (%) FY24 FY23 Y-o-Y (%) Operating Revenue 1,215 1,075 13.1% 1,166 4.2% 4,651 4,300 8.2% EBITDA 139 117 18.5% 130 6.7% 514 461 11.5% Margin (%) 11.4% 10.9% 52 bps 11.1% 26 bps 11.1% 10.7% 33 bps Profi
Slide 11: Consolidated Leverage Position – FY2024
Consolidated Leverage Position – FY2024 Particulars (Rs. Cr) Mar 31st, 2023 Mar 31st, 2024 Net Worth 1,591 1,981 Long Term Borrowings 235 203 Short Term Borrowings 318 145 Gross Debt 553 348 Less: Cash & Cash Equivalents 162 192 Net Debt 391 156 Net Debt / Net Worth 0.25x 0.08x Capital Employed 1,53
Slide 12: Business Verticals Performance – Q4 & FY2024
Business Verticals Performance – Q4 & FY2024 Rs. In Cr. YoY YoY 10% 5% 9% Aftermarket and Others Mechatronics and Aftermarket: 2,061 2,251 575 590 535 • Revenue grew by 10% YoY in Q4FY24. Mechatronics, • Strong demand in domestic 2W and PV segment and Premiumization of existing products contributed
Slide 13: Key Financial Metrics
Key Financial Metrics Revenue (Rs. In Cr) EBITDA Margin (%) ROCE (%) 20.8% 20.0% 4,651 11.1% 4,300 10.7% 9.9% 14.1% 2,976 9.2% 12.0% 2,368 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 FY21 FY22 FY23 FY24 Revenue EBITDA Margin ROCE Net Debt / EBITDA (x) Fixed Asset Turnover (x) Working Capital Turnover (x
Slide 14: Truly Diversified Revenue Model
Truly Diversified Revenue Model By Geography By End Market By Products After South East Asia Market Passenger Vehicles Others 5% 11% 14% Europe & North 15% America Wiring Harness 8% 30% 8% 12% 14% Instrument 16% 8% Clusters 30% 15% 14% 30% Commercial 44% 15% 84% Vehicles*, 28% 25% Die Casting India
Slide 15: Strategic Pillars of Growth
Powered by Passion Strategic Pillars of Growth
Slide 16: Strategic Pillars of Growth
Strategic Pillars of Growth Strategic Pillars of Growth Focus on Innovation and Electric Vehicle Strengthening Passenger Enhancing the Core Technology Growth Opportunity Vehicle Offerings Safety Security System | Wiring In House R&D | JV’s EV Agnostic Products| Increase Control Systems | Sensors | H
Slide 17: Engineering Capabilities - Securing the future through Innovation
Engineering Capabilities -Securing the future through Innovation Spark Minda Technical Engineering Capabilities 700+ Centre, Pune & Bangalore Electronics Hardware Engineering Headcount 270+ Embedded Software Total IPs / Patents Filed E&E, WH Connection Systems & digitization 3% 100+ Engineers | WH D
Slide 18: Transforming Current Business Lines as per Technology Trends
Transforming Current Business Lines as per Technology Trends Wiring Harness & Clusters, ADAS & Light weight die casting Vehicle Access EV Power Electronics Connectors Sensors & interior plastic Electrical Distribution Light weighting & Plastic Intelligent & Smart Connected & Safe Mobility EV Drive T
Slide 19: Minda Corp is well Poised to Capture the EV Trend
Minda Corp is well Poised to Capture the EV Trend Most of our Products are Electric Vehicle Agnostic Potential EV Kit Value In INR 6,000-7,000 22,000 - 27,000 8000-10,000 2,000-2,500 2,000-3,000 4,000-4,500 Legacy Content in Increase in content Increase in content New Product Products under Potentia
Slide 20: Group Profile
Powered by Passion Group Profile
Slide 21: Board of Directors
Board of Directors Mr. Ashok Minda Ms. Pratima Ram Chairman & GCEO Independent Director • Mr. Ashok Minda brings more than 38 years of expertise in the automotive • Ex. Chief Executive Officer, Country Head & M&A head, SBI Capital component sector Markets • As a visionary, he created a sustainable a
Slide 22: Leadership Team
Leadership Team Ashok Minda Sumit Doseja Ashim Vohra Deepak Arora N. K. Modi ED & CEO – MCL CEO, Wiring Hareness Chairman & GCEO CEO, SSD CEO, Die Casting Division SMAD & Uzbekistan Division business Over 38 years of expertise Over 27 years of experience 30+ years of experience in 26+ years of exper
Slide 23: Forging new technological alliances to drive future growth
Forging new technological alliances to drive future growth JV partnership with JV partnership with TLA with Daesung TLA with Ridevision for Stake acquisition for LOI for JV with HCMF Stoneridge for Cluster Furukawa for Wiring Eltec for ADAS 2W ADAS EV Battery Charger for Sunroof & Sensors Harness So
Slide 24: ESG, CSR and Awards
ESG, CSR and Awards
Slide 25: Transforming Towards Sustainable Mobility
Transforming Towards Sustainable Mobility Sustainable Care for People Ethical Business Inclusive Growth Responsible Operations Value Chain Formation of carbon team 2352 youth trained on various skill development Grievance redressal 5021 accessible and Total energy consumed programs policy assistive
Slide 26: Corporate Social Responsibility – Q4 FY2024
Corporate Social Responsibility – Q4 FY2024 Lives Impacted - FY24 ➢ 15,000+ Trained under Aakarshan Skill Development Programme and 70% achieved employment The team was able to assist PwDs with assistive Inclusive and Diverse Workforce CII ITC Sustainability Awards 2023 aids - artificial limbs, cali
Slide 27: Awards & Achievement – Q4 FY2024
Awards & Achievement – Q4 FY2024 Business Vertical – 1 Business Vertical – 2 Business Vertical – 5 (Mechatronics, (Information & (EME & SMGM) won Aftermarkets & others Connected System 14 Awards during division) won 70 awards division) won 72 Awards Q4FY24 during Q4FY24 during Q4FY24 ▪ QCFI - 36 Awa
Slide 28: Disclaimer
Disclaimer 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 business d