Amara Raja Energy & Mobility Ltd · NSE:ARE&M
Amara Raja Energy & Mobility — H1 FY24 Earnings Presentation
21 slides from Amara Raja Energy & Mobility's earnings presentation, Nov 1, 2023
Slide 1: Regulation 30 intimation cover letter to stock exchanges
November 1, 2023 National Stock Exchange of India Limited BSE Limited Listing Compliance Department Corporate Relations Department “Exchange Plaza” Phiroze Jeejeebhoy Towers Bandra – Kurla Complex Dalal Street, Fort Bandra East, Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: ARE&M BSE SCRIP CODE: 500
Slide 2: Earnings Presentation Q2/H1 - FY24
EARNINGS P R E S E N TAT I O N Q2/H1 - FY24
Slide 3: Snapshot
S N A P S H OT BUSINESS OPERATIONS FINANCIALS 4 decades of experience 7 Manufacturing Facilities Market Cap (Mn) ~ INR 100 Bn+ Leading Automotive Battery Brand ~50 Million units annualized Capacity Net Debt free for Automotive batteries Market Leader in Telecom and Data 2.3 Billion AH - Total Indust
Slide 4: Company Overview
CO M PA N Y OV E RV I E W • Amara Raja Energy & Mobility Limited, (ARE&M), the flagship company of the Amara CONSOLIDATED INCOME (INR Mn) & EBITDA MARGINS(%) Raja Group, is one of the largest manufacturers of lead-acid Batteries for both 15.60% 120 ,000 18. 00% industrial and automotive applications
Slide 5: Operations at a Glance
O P E R AT I O N S AT A G L A N C E LEAD ACID BATTERIES AUTOMOTIVE | INDUSTRIALS • Li Cell and Pack Manufacturing AUTOMOTIVE • EV Charging Solutions • Applications – 2W, 3W, 4W & CV’s • Energy Storage Solutions • Largest Exporter of 4W Batteries FY23 REVENUE BREAKUP (%) • Developed India’s First 217
Slide 6: Manufacturing & Distribution
M A N U FAC T U R I N G & D I ST R I B U T I O N DISTRIBUTION POINTS JAM ZRK HAR RUD GUR DEL GZB JAI LKN SIL GAU VAR PAT AMD MAND RAN IND JAB JMD PITH KOL RAI NAG BHU BWD NSK AUR PUNE HYD VJD ANT HUB BLR CHE COI COC MANUFACTURING CAPACITES SALES & DISTRIBUTION NETWORK - INDIA 7 Battery Manufacturing
Slide 7: Marquee Clientele
M A RQ U E E C L I E N T E L E AUTOMOTIVE INDUSTRIAL PASSENGER VEHICLE OEM COMMERCIAL VEHICLE/TRACTOR TWO WHEELER OEM CLIENTS INDUSTRIAL OEM CLIENTS CLIENTS OEM CLIENTS 6
Slide 8: New Energy Business: The Future Growth Engine
NEW ENERGY BUSINESS : THE FUTURE GROWTH ENGINE Li Cell and pack • India’s electrification demand expected to be ARE&M’S Manufacturing 150GWh by 2030 FORAY IN 150 GWH • Adoption across user segments like Mobility Telecom NEW EV Charging and Data Centres ENERGY Solutions • Significant market share gai
Slide 9: Growth Strategy
G ROW T H ST R AT EGY AUTOMOTIVE INTERNATIONAL INDUSTRIAL LEAD ACID BATTERIES (DRIVE EFFICIENCY) (EXPAND PRESENCE) (ENERGY SOLUTIONS) • Cost efficiencies with ASG/MSG • Global manufacturing foot print to avoid • Maintain dominant market leadership in Telecom and UPS technologies. tariff barriers • C
Slide 10: Financial Overview
aN ())) AMARA RAJA FINANCIAL OVERVIEW
Slide 11: Q2/H1-FY24 Key Financial Highlights
Q2/H1-FY24 KEY FINANCIAL HIGHLIGHTS Q2-FY24 FINANCIAL H1-FY24 FINANCIAL PERFORMANCE-CONSOLIDATED PERFORMANCE-CONSOLIDATED REVENUE FROM EBITDA EBITDA MARGINS REVENUE FROM EBITDA EBITDA MARGINS OPERATIONS OPERATIONS INR 29,593 Mn INR 4,024 Mn 13.60 % INR 57,549 Mn INR 7,544 Mn 13.11 % PAT PAT MARGINS
Slide 12: Q2-FY24 Performance Highlights - Consolidated
Q 2 - F Y 2 4 P E R FO R M A N C E H I G H L I G H T S - CO N S O L I DAT E D LEAD ACID BATT. REVENUES (INR Mn) OTHER BUSINESS REVENUES (INR Mn) 1,504 28,089 1,077 26,878 620 26,385 Q2 FY23 Q1 FY24 Q2 FY24 Q2 FY23 Q1 FY24 Q2 FY24 GEOGRAPHICAL REVENUE SPLIT (INR Mn) 25,279 26,064 23,703 3,302 2,676 3
Slide 13: Quarterly Consolidated Financial Performance
Q UA RT E R LY CO N S O L I DAT E D F I N A N C I A L P E R FO R M A N C E PARTICULARS (INR Mn) Q2-FY24 Q2-FY23 Y-O-Y Q1-FY24 Q-O-Q Operational Revenue 29,593 27,005 9.6% 27,955 5.9% Total Expenses 25,569 23,419 9.2% 24,437 4.6% EBITDA 4,024 3,586 12.2% 3,518 14.4% EBITDA Margins (%) 13.60% 13.28% 3
Slide 14: YTD Consolidated Financial Performance
Y T D CO N S O L I DAT E D F I N A N C I A L P E R FO R M A N C E PARTICULARS (INR Mn) H1-FY24 H1-FY23 Y-O-Y Operational Revenue 57,549 53,210 8.2% Total Expenses 50,005 47,008 6.4% EBITDA 7,544 6,202 21.6% EBITDA Margins (%) 13.11% 11.66% 145 Bps Other Income 526 410 28.3% Depreciation 2,271 1,983
Slide 15: Historical Consolidated Income Statement
H I STO R I C A L CO N S O L I DAT E D I N CO M E STAT E M E N T PARTICULARS (INR Mn) FY21 FY22 FY23 H1-FY24 Operational Revenue 71,498 86,971 103,882 57,549 Total Expenses 60,342 76,732 90,361 50,005 EBITDA 11,156 10,239 13,521 7,544 EBITDA Margins (%) 15.60% 11.77% 13.02% 13.11% Other Income 874 7
Slide 16: Consolidated Balance Sheet
CO N S O L I DAT E D BA L A N C E S H E E T PARTICULARS (INR Mn) FY22 FY23 H1-FY24 PARTICULARS (INR Mn) FY22 FY23 H1-FY24 Assets Equity And Liabilities (1) Non-current Assets (1) Equity 45,525 52,993 56,601 (A) Property, Plant And Equipment 21,276 25,187 26,064 2,852 3,710 3,744 (A) Equity Share Cap
Slide 17: Consolidated Financial Charts
CO N S O L I DAT E D F I N A N C I A L C H A RT S REVENUES (INR Mn) EBITDA (INR Mn) & EBITDA MARGINS (%) PAT (INR Mn) & PAT MARGINS (%) 16,0 00 15.60% 18. 00% 8,00 0 9.05% 10. 00% 103,882 13,521 6,945 14,0 00 16. 00% 7,00 0 6,468 9.0 0% 13.11% 7.27% 86,971 11,156 14. 00% 8.0 0% 10,239 5,126 12,0 00
Slide 18: Standalone Financial Charts
STA N DA LO N E F I N A N C I A L C H A RT S REVENUES (INR Mn) EBITDA (INR Mn) & EBITDA MARGINS (%) PAT (INR Mn) & PAT MARGINS (%) 15.60% 9.05% 16,0 00 18. 00% 103,859 13,552 8,00 0 6,944 10. 00% 6,468 16. 00% 13.27% 14,0 00 9.0 0% 86,958 7,00 0 11,157 14. 00% 7.29% 8.0 0% 10,226 12,0 00 5,112 6,00
Slide 19: Capital Market Data
C A P I TA L M A R K E T DATA NSE: ARE&M | BSE: 500008 | Bloomberg: AMRJ:IN | Reuters: AMAR.NS / AMAR.BO 70% 1 YEAR STOCK PERFORMANCE 60% 50% 40% 30% 20% 10% 0% Oct-22 Nov-22 Dec-22 Jan-23 Jan-23 Mar-23 Apr-23 May-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Amaraja BSE PRICE DATA (AS ON 30TH SEPTEMBER, 20
Slide 20: Disclaimer
DISCLAIMER This presentation by Amara Raja Energy and Mobility Limited (including its subsidiaries) is general background information about the Company’s activities at the date of this presentation. Said information is provided in summary form only and does not purport to be complete, does not conta
Slide 21: Thank You
aN ())) AMARA RAJA THANK YOU
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