Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Investor Presentation (August 2020)
57 slides from Lumax Auto Technologies's investor presentation, August 2020
Slide 1: Lumax Auto Technologies Limited Investor Presentation – August 2020
Lumax Auto Technologies Limited Investor Presentation – August 2020
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 3: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 15 Entities in 8 States 31 Manufacturing Facilities 4 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 3
Slide 4: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY20 Revenue of Rs. 2,900 Cr Intake Systems, Integrated Plastic modules, 2-wheeler Chassis & Lighting, Gear Shifters, Transmission Products, Seat Structures, Aftermarket, Telematics Products and Servic
Slide 5: Purpose, Vision & Values
Purpose, Vision & Values LUMAX # 1K JAIN sna manna OUR GROUP OUR VALUES OUR VISION PURPOSE Resovect Buising vt admired We celiver . high performance ; Integrity pride gnty phal orqarisetion ir and Passion whom all scekebalde = progress ‘ veh Excellence Lee apen ee a positivity * x LUMAX — ral
Slide 6: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4-wheelers & CV Telematics Products & Services Antennas HVAC Panel Transmission Products ▪ Destination Boards & Urea Tanks for Commercial Vehicle Aftermarket products 6
Slide 7: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 7
Slide 8: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp 8
Slide 9: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING, HVAC PANELS JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AND OTHER ELECTRONICS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 37.5% in Lumax 78.72% in SL Lumax 50% in Lumax
Slide 10: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence JAPAN ISRAEL SPAIN EXCLUSIVE DISTRIBUTORSHIP JV FOR SALE OF TELEMATICS AGREEMENT PRODUCTS AND SERVICES JV FOR OXYGEN SENSORS Relationship Since 2017 Relationship Since 2017 Relationship Since 2014 50% in Lumax Ituran Telematics Pvt. Ltd. 49% in Lumax FAE
Slide 11: 31 Locations close to Customers
31 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 2 Manesar 4 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Andhra Anantpur 1
Slide 12: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer ▪ A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team ▪ Environment-conscious work ▪ Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 13: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 14: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 15: Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 16: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors - S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Intake Systems, Integrated Plastic
Slide 17: Milestones
Milestones 1997: A Unit was setup in 2007-10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001-2006 manufacturing plant in PCNTDA, 2-wheeler Li
Slide 18: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames & Mechanism 2014: JV company with Mannoh 2011: Setup state-of-the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Allied
Slide 19: Milestones
Milestones 2017: Chakan plant received TPM excellence award from JIPM Formed a JV with Ituran Location 2020 2018: Setup an R&D center and Control Limited, Israel to under Lumax Cornaglia Auto provide Telematics Products and Technologies Pvt Limited at Services Pune 2020: Bengaluru plant Formed a JV
Slide 20: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 50% 55% 100% 100% Lumax Cornaglia Lumax Gill-Austem Lumax Mannoh Lumax Management Lumax Integrated Auto Technologies Auto Technologies Allied Technologies Services Pvt Limited Ventures Limited Pvt Limited Pvt Limited Limited June 2
Slide 21: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Italy Japan Japan Exclusive Distributorship JV for Emission Systems JV for Gear Shifters Agreement Relationship Since 2007 Relationship Since 2008 Relationship since 2014 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied Technologies Pvt Limited Tech
Slide 22: Cater to Diversified Segments
Cater to Diversified Segments ✓ Lighting Module(incl. ✓ Gear Shift Lever ✓ Integrated Plastic HT/TL/Indicators & Put Text Here Your Text Here Modules Others) ✓ Gear Shift Tower ✓ Gear Shift Lever ✓ Chassis for 2-wheelers ✓ Intake Systems ✓ Seat Structures ✓ Fabricated parts for 3- ✓ Seat Structures
Slide 23: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 23
Slide 24: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar (HR) Pantnagar (UK) No of Plants: 3 No of Plants: 1 Integrated Plastic Lighting Products Modules Gear Shifters Products Painted Parts Transmission Products OE Accessories Gurugram (HR) Domestic and Exports Trading - After Markets Chakan & Bhosari ( (MH)
Slide 25: Share Holding as of 30th June, 2020
Share Holding as of 30th June, 2020 Shareholding breakup Others 20.79% Institutions Promoters 23.23% 55.98% 25
Slide 26: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director ▪ He is 45 years of age & is a Business ▪ He is 76 years of age & holds a MBA ▪ He is 41 years of age & holds Bachelors Graduate from Illinois Institute of degree from Delhi university & h
Slide 27: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. K K Gandhi Mr. A P Gandhi ▪ He is 68 years of ▪ She is 46 years of ▪ He is 61 years of age ▪ He is 74 years of age • He is 81 years old & is a ▪ He is 69 years of age & age & holds B.A.
Slide 28: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Naval Khanna Mr. Vikas Marwah Director & Group CFO Corporate Head – Taxation Chief Executive Officer Age: 53 years Age: 63 years Age: 52 years Experience: 29 Years Experience: 43 years Experience: 29 Years Mr. Lalitendu Samanta Mr. Atul Jain Ms. P
Slide 29: Professional & Experienced Team
Professional & Experienced Team Mr. Rajesh Dubbewar Mr. Vivek Jakhmola Mr. Sanjay Bhagat Head Metallic Head Body & Trim and Emission Head After Market Age: 53 years Age: 45 years Age: 54 years Experience: 30+ years Experience: 23 years Experience: 29 years Mr. Ashish Dubey Mr Anil Tyagi Chief Financ
Slide 30: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets 3 Air Intake Systems – Increase Presence in Domestic Market & Enhance Customer O
Slide 31: Financial Performance
LUMNAX Financial Performance
Slide 32: Product-wise Revenue Q1 FY21
Product-wise Revenue Q1 FY21 Product-wise Revenue mix Q1 FY20 Product-wise Revenue mix Q1 FY21 (Rs. 288 Crores) (Rs. 71 Crores) Other Emmision Other 9% Integrated 6% 5% Integrated Emmision Plastic Plastic 3% Modules Modules 30% 27% Shifter Shifter 8% 12% Lighting 17% Lighting 13% Fabrication After A
Slide 33: Segmental Revenue Break-Up Q1 FY21: Sales Channel
Segmental Revenue Break-Up Q1 FY21: Sales Channel Sales Channel Q1 FY20 Sales Channel Q1 FY21 (Rs. 288 Crores) (Rs. 71 Crores) 16% 15% 84% 85% OEM After Market OEM After Market 33
Slide 34: Segmental Revenue Break-Up Q1 FY21: Category
Segmental Revenue Break-Up Q1 FY21: Category Category Q1 FY20 Category Q1 FY21 (Rs. 288 Crores) (Rs. 71 Crores) 5% 7% 11% 10% 16% 15% 21% 52% 52% 12% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others 34
Slide 35: Client wise- Revenue Q1 FY21
Client wise- Revenue Q1 FY21 Category Q1 FY20 Category Q1 FY21 (Rs. 288 Crores) (Rs. 71 Crores) LEAR 2% TATA Others Toyota TATA Toyota 1% 1% 11% 3% 2% Others Bajaj Lear 1% 18% 39% Bajaj MSIL 49% 7% MSIL 3% LIL 6% HMSI HMSI 4% 12% LIL After Market After Market 10% 15% 16% 35
Slide 36: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ 1,187.0 1,140.9 123.9 1,111.5 116.2 108.8 905.2 965.4 86.1 75.2 71.0 FY16 FY17* FY18* FY19* FY20* Q1FY21* -8.4 FY16 FY17* FY18* FY19* FY20* Q1FY21* PAT After MI Cash PAT 53.2 49.8 80.3 84.3 48.7 74.0 31.8 34.5 58.1 52.6 -12.3 -4.5 FY16 FY17* FY
Slide 37: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 533 540 28.1 29.4 481 424 23.4 375 332 15.0 11.0 11.5 FY16 FY17* FY18* FY19* FY20* Q1 FY21* FY16 FY17* FY18* FY19* FY20* Q1 FY21* Capex Long Term Debt / Equity 79 0.10 52 0.07 50 0.05 0.05 36 31 0.03 0.03 6 FY16 FY17* FY18* FY19*
Slide 38: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 24.0 11.2 10.7 11.2 18.3 18.5 16.0 FY16 FY17* FY18* FY19* FY20* FY16 FY17* FY18* FY19* FY20* Dividend (% of Face Value) EPS^ (in Rs.) 150.0 150.0 7.8 7.2 7.3 100.0 5.1 4.7 47.0 47.0 FY16 FY17 FY18 FY19 FY20 FY16 FY17* FY18* FY19* FY20* ROCE = EBIT / Capi
Slide 39: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q1 FY21 Q1 FY20 FY20 Revenue 71.0 287.5 1140.9 Raw Material Consumption 48.0 193.5 772.4 Employee Expenses 22.5 34.1 134.8 Other Expenses 13.0 35.0 142.8 Other Income 4.0 3.7 18.1 Profit of JV 0.04 0.03 -0.3 EBITDA -8.4 28.7 108.8 EBITDA % -11.
Slide 40: Consolidated Balance Sheet
Consolidated Balance Sheet# ASSETS (Rs. in Crores) Mar-20 Mar-19 EQUITY & LIABILITIES (Rs. in Crores) Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 307.42 287.20 Capital work-in-progress 20.74 22.25 Equity Share capital 13.63 13.63 Investment Property 18.16 18.73 Non-Controll
Slide 41: Awards & Recognitions
LUMNAX Awards & Recognitions
Slide 42: Awards & Recognition
Awards & Recognition Lumax Auto Technologies Limited, Bengaluru won JIPM-TPM award for excellence in Category A for the year 2019 42
Slide 43: Awards & Recognition
Awards & Recognition Lumax Auto Technologies Limited, Pantnagar won the Silver Award in Excellence in HSE (Health, Safety and Environment) - Very Large Category at ACMA Technology Summit & Awards in November, 2019. 43
Slide 44: Awards & Recognition
Awards & Recognition Lumax Gill-Austem Auto Technologies Pvt Ltd won the Gold Award in Excellence in HSE (Health, Safety & Environment) - Small Category at the ACMA Technology Summit & Awards in November, 2019. 44
Slide 45: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar won the Bronze Award in Excellence in HR at the ACMA Technology Summit & Awards in November, 2019. 45
Slide 46: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A total of 368 teams from 13 countries participated in the global Quality Control Circles competition. 46
Slide 47: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited won the Part Design & Development (Supplier Design Category) Award from Maruti Suzuki India Limited in May, 2019. 47
Slide 48: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited awarded for Improvement in Quality Performance by Maruti Suzuki India Limited in May, 2019 48
Slide 49: Awards & Recognition
Awards & Recognition Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax Auto Technologies Limited , Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019 49
Slide 50: Awards & Recognition
Awards & Recognition Award – LATL Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 50
Slide 51: Awards & Recognition
Awards & Recognition Award for Excellence in Consistent TPM Commitment 51
Slide 52: Awards & Recognition
Awards & Recognition Won the prestigious Gold award for Top 100 best annual report for excellence within its industry for the past fiscal year. 52
Slide 53: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 53
Slide 54: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 54
Slide 55: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 55
Slide 56: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 57: For further information, please contact:
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Ms. Akashi Modi priyanka.sharma@lumaxmail.com shogun.jain@
Lumax Auto Technologies — Investor Presentation (August 2020) on 6ix