Slide 1: Cover letter to stock exchanges
November 12, 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: M
Slide 2: Minda Corporation Earnings Presentation November 2024
Minda Corporation EARNINGS PRESENTATION November 2024 w w w. s p a r k m i n d a . c o m
Slide 3: Minda at a Glance
Minda at a Glance A significant player in the global automotive industry for over six decades Vision ₹ 4,651 Cr ₹ 514 Cr 28 17,000+ Be a Dynamic, Innovative and Profitable global automotive FY24 Group Revenue FY24 EBITDA Manufacturing Plants Workforce organization to emerge as the preferred supplier
Slide 4: Indian Automotive Industry Performance
Indian Automotive Industry Performance Production Volumes in Millions Q2 FY25 Growth (Y-o-Y) H1 FY25 Growth (Y-o-Y) 8.8% 11.9% 12.5% 8.35 15.8% 16.16 7.68 14.44 6.26 12.12 5.56 10.46 2.4% (0.7%) 3.2% (13.3%) 6.3% 2.1% (7.5%) 7.6% 1.28 1.27 2.42 2.48 0.27 0.28 0.27 0.24 0.28 0.30 0.53 0.54 0.53 0.49
Slide 5: Q2 & H1 FY25 Business Performance
Q2 & H1 FY25 Business Performance Key Strategic Developments Q2 FY2025 H1 FY2025 Highest ever Quarterly Revenue of 1,290 crore Revenue growth of 9% YoY despite challenging macro- growth of 8% YoY economic scenario EBITDA margin stood at 11.4% for Q2FY25, growth Highest ever H1 EBITDA margin of 11.2%
Slide 6: New Age Products: Electrical Distribution Systems
New Age Products: Electrical Distribution Systems Signed Technology Licensing Ddd Agreement Signed a technology licensing agreement with SANCO (China), one of the leading player in the manufacture of Electric vehicle (EV) connection systems This partnership reflects a shared commitment to delivering
Slide 7: Products under TLA Scope
Products under TLA Scope Electrical Distribution Systems √ √ √ √ Products made by Sanco √ Products in TLA co-operation Plastic HV-Connector(High Current) Plastic HV-Connector(Small Current) Metal HV-Connector MSD HV-Junction Box HV-Connector Battery Pack √ Charging Wire √ Wire √ Power Wire √ Battery
Slide 8: Q2 FY25 Financial Snapshot (YoY)
Key Performance Highlights Q2 FY2025 (YoY) Q2 FY25 Financial Snapshot (YoY) Operating Revenue EBITDA PBT PAT INR 1,290 crores INR 147 crores INR 96 crores INR 74 crores 7.9% YoY 11.6% YoY 24.6% YoY 26.5% YoY Gross Margin EBITDA Margin PBT Margin PAT Margin 37.0% 11.4% 7.4% 5.8% 38 Bps YoY 38 Bps YoY
Slide 9: Q2 & H1 FY2025 Financial Highlights
Q2 & H1 FY2025 Financial Highlights Growth Momentum Continues Rs. In Crores Revenue EBITDA PAT YoY 8% YoY 12% YoY 26% 1,290 1,196 1,192 74 147 64 131 132 59 Q2 FY25 5.4% 5.8% 11.0% 11.1% 11.4% 4.9% 8% 11% 16% Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 Q2 FY24 Q1 FY25 Q2 FY25 EBITDA EBITDA Margi
Slide 10: Business Vertical Performance Q2 and H1 FY2025
Business Vertical Performance Q2 and H1 FY2025 Rs. In Crores YoY YoY 11 % 12% Mechatronics and Aftermarket: 1,213 Aftermarket and Others 639 1,088 575 575 • Strong demand in domestic 2W segment Mechatronics, and premiumisation of existing products contributed to the growth • Subdued Export demanded
Slide 11: Revenue Break-Up Q2 FY2025
Revenue Break-Up Q2 FY2025 By Products By Geography By End Market SE Asia Europe & North America Q2 FY24 Q2 FY25 Others 5% 10% 7% 2-3 Wheelers DCD WH 15% 35% 46% 47% Q2 Q2 FY24 FY24 Clusters 16% Commercial Vehicles Lockset India 24% 88% 29% 26% SE Asia Europe & North After Market Others America 5% 7
Slide 12: Consolidated Leverage Position H1 FY2025
Consolidated Leverage Position H1 FY2025 Particulars (INR Crores) Mar 31st, 2023 Mar 31st, 2024 Sep 30th , 2024 Net Worth 1,591 1,981 2,102 Long Term Borrowings* 235 203 170 Short Term Borrowings 318 145 164 Gross Debt 553 348 334 Less: Cash & Cash Equivalents 162 192 173 Net Debt 391 156 161 Net De
Slide 13: CSR and ESG
CSR and ESG
Slide 14: ESG Transforming Towards Sustainable Mobility
ESG Transforming Towards Sustainable Mobility Sustainable Responsible Care For People Ethical Business Inclusive Growth Operations Value Chain Formation of Waste Manageme 1,000+ youth trained on Grievance redressal policy ~1,500 accessible and assistive Total energy consumed from re nt team various
Slide 15: Corporate Social Responsibility
Corporate Social Responsibility Saksham (Empowerment of PwDs Students learning at Aakarshan (Skill development Graduated HP WOW (Digital Programme) & Livelihood Promotion Programme) Inclusion Initiative) students CSR and Sustainability Newsletter Empowerment of PwD Camp Updates: SMF in Prison Progra
Slide 16: Awards & Achievement Q2 FY2025
Awards & Achievement Q2 FY2025 Business Vertical – Business Vertical – Business Vertical 1 (Mechatronics, 2 (Information & DCD – won 32 – 5 (EME & Aftermarkets & Connected System Awards during SMGM) won 38 others division) division) won 57 Q2FY25 Awards during won 35 awards Awards during Q2 Q2FY25 d
Slide 17: About Spark Minda
About Spark Minda
Slide 18: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 19: Well Diversified Product Range
Well Diversified Product Range Expanding Core Verticals to Fuel Future Growth Driver 2W Information Vehicle System Access ADAS 4W iRAS Vehicle Sensor Access Starter Motor & Smart Alternator Electronics Sunroof & EV Mobility Power Lift ITS Gate 2W / 3W / 4W Fuel EV Motor EV Wiring Pump Housing Harnes
Slide 20: Strong Relationship With Marquee Customers Across Segments
Strong Relationship With Marquee Customers Across Segments 2-3-Wheeler Commercial & Off Highway Vehicles Passenger Vehicles Other Market Page 19
Slide 21: Leadership Team Driving Growth
Leadership Team Driving Growth Aakash Minda Vinod Raheja Jane Doe D. Suresh Jane Doe Ajay Singhroha Jane Doe Neeraj Sharma Jane Doe Jane Doe Executive Director Group CFO Group CTO Group CHRO Group Marketing Head Responsible for Over 30yrs of experience Over 27+yrs of global and do 24yrs+ of industry
Slide 22: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 23: Innovation & Engineering for New Age Solutions
Innovation & Engineering for New Age Solutions R&D Expenditure (% of Revenue) Engineering Capabilities 3.1% Electronics Hardware 1.4% 1.3% 1.4% FY21 FY22 FY23 FY24 Mechatronics Engineering Transforming from mechatronics to advance technology provider 2 285+ 750+ Advanced Engineering Patents Filed En
Slide 24: Business Segments: Transforming Current Business Lines
Business Segments Transforming Current Business Lines as per Technology Trends Vehicle Access Wiring Harness & Clusters, ADAS & Light Weight Die Casting EV Power Electronics Connectors Sensors & Interior Plastic Electrical Distribution Connected & Safe Light Weight & Connected & Safe Intelligent & S
Slide 25: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 26: Comprehensive Solutions for 2W EV
Comprehensive Solutions for 2W EV TFT Instrument Telematics Keyless Entry Cluster System TPMS TMAP Battery Charger Mechanical Lockset Product Under Development: Electronic ▪ Motor Controller Handle Lock EVSE ▪ Charging Gun Vehicle ▪ Body/Chassis Control Module Control Unit Die Casting ▪ Vehicle Cont
Slide 27: Targeting Increased Content Per Vehicle in EV
Targeting Increased Content Per Vehicle in EV Increase in Content for EV; Potential EV Kit Value EV Customers (All amount in INR) 6,000 - 7,000 22,000 - 27,000 8,000 - 10,000 Products under D evelopment** 2,000 - 2,500 2,000 - 3,000 New Product launched by 4,000 - 4,500 Spark Minda* Potential EV Inc
Slide 28: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 29: Comprehensive Solutions for 4W
Comprehensive Solutions for 4W Around view Sunroof Digital Clusters Antenna Interior Plastics EGT Sensor Monitoring System Key Fob Electronic Steering System Power Lift & Cockpit Column Lock Gate System IC CPD DC DC Converter Speed Sensor High voltage wiring EVSE harness connection system Telematics
Slide 30: Comprehensive Solutions for Commercial Vehicle/Bus
Comprehensive Solutions for Commercial Vehicle/Bus Digital/TFT Cluster Air Vent Battery Cables EV Busbars Position Sensor Intelligent Transport System EGT Sensor Immobilizer Soot Module Sensor Die Castings Ignition Switch Cum Steering Lock Cylinder Head Cover Speed Sensor Fuse Box Plastic Oil Pan Te
Slide 31: 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