Schaeffler India Ltd · NSE:SCHAEFFLER
Schaeffler India — Q1 2024 Earnings Presentation
20 slides from Schaeffler India's earnings presentation, Apr 26, 2024
Slide 1: Regulation 30 filing cover letter
Schaeffler India Limited · Pune · Maharashtra BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C – 1, Block G, Dalal Street, Bandra-Kurla Complex, Bandra (E), Mumbai-400001 Mumbai-400051 Company Code: 505790 Company Code: SCHAEFFLER Sub: Investor Presen
Slide 2: Schaeffler India Limited Investor Presentation
Schaeffler India Limited Investor Presentation April 26, 2024 Copyright Schaeffler AP, 2024 – All rights reserved. |
Slide 3: Q1 2024 Awards and Accolades
Q1 2024 Awards and Accolades Best Supplier Award Partnership Award CSR Award – Best Skill Development Initiative of On Quality & Technology the Year Support Schaeffler India Limited | Q1CY24 Investor Presentation Copyright Schaeffler AP, 2024 – All rights reserved. |
Slide 4: Economy and Industry, Business Highlights, Financial Highlights
1 Economy and Industry 2 Business Highlights - Q1 and 3M 2024 3 Financial Highlights - Q1 and 3M 2024
Slide 5: Economy
ECONOMY AND INDUSTRY Economy GDP 1) 3) IIP 1) 3) Key Aspects 8.2 8.1 8.4 7.3 • Q1 GDP growth projected at 7.2%, on 7.2 6.0 growth path supported by moderating 6.2 5.7 4.1 4.4 inflation, domestic demand and 3.8 momentum in manufacturing sector • IIP growth in 2024 due to healthy run of the metal prod
Slide 6: Core Sector Performance
ECONOMY AND INDUSTRY Core Sector Performance 2023 2024 YTD CY2024 Growth 7.9% 8.6% Cement Production (mn tn) Steel Production (mn tn) Key Aspects Core industry growth for YTD’25 37 36 35 37 36 37 35 35 13 13 13 12 13 registered at 5.4% compared to 8.5% 34 12 12 12 12 12 32 31 30 12 12 for the same p
Slide 7: Automotive Sector Performance
ECONOMY AND INDUSTRY Automotive Sector Performance 2023 2024 YTD CY2024 Growth 25.6% 10.7% Two and three wheelers (mn units)1) Passenger Vehicles (th units)2) Key Aspects 2.2 2.1 471 1.9 2.0 438 433 442 434 1.9 1.9 1.9 425 420 419 1.8 1.7 1.7 381 406 390 379 375 • 2W sector demand from both 1.6 1.6
Slide 8: Economy and Industry, Business Highlights, Financial Highlights
1 Economy and Industry 2 Business Highlights - Q1 and 3M 2024 3 Financial Highlights - Q1 and 3M 2024
Slide 9: Changes from Q1 CY2024
BUSINESS HIGHLIGHTS – Q1 AND 3M 2024 Revenue from operations restructured Target Operating Model Changes from Q1 CY2024 1 2 1 Integration of BD Bearings of Automotive Technologies into Industrial and renaming of division to “Bearings and Industrial Solutions” 2 Renaming of Automotive Aftermarket to
Slide 10: Q1 2024 Performance
BUSINESS HIGHLIGHTS – Q1 AND 3M 2024 Q1 2024 Performance Key messages Sales EBITDA Robust YoY growth in domestic business at 12.4%, broad 9.2% vs Q1’23 18.3% Q1’24 1 based across businesses -0.3% vs Q4’23 17.9% Q4’23 2 Margins remain resilient, quality of earnings sustained 18,492 mn INR 3,388 mn IN
Slide 11: Business Developments
BUSINESS HIGHLIGHTS – Q1 AND 3M 2024 Business Developments Automotive Technologies Vehicle Lifetime Solutions Bearings and Industrial Solutions Reliability and emission reduction Increased market coverage Precision and Efficiency Volume wins for our recently launched Business wins for DGBBs in the T
Slide 12: Economy and Industry, Business Highlights, Financial Highlights
1 Economy and Industry 2 Business Highlights - Q1 and 3M 2024 3 Financial Highlights - Q1 and 3M 2024
Slide 13: Revenue from operations
BUSINESS HIGHLIGHTS – Q1 AND 3M 2024 Revenue from operations Total Revenue 2023 2024 Key Aspects mn INR • YoY growth robust for the domestic businesses, up 12.4% 18,551 • QoQ seasonality in some sectors offset by rebound in exports 16,936 18,492 18,291 18,483 Growth Q1’24 vs Q4’23 Q1’24 vs Q1’23 Aut
Slide 14: Earnings Quality
BUSINESS HIGHLIGHTS – Q1 AND 3M 2024 Earnings Quality EBITDA1) Margins 2023 2024 Key Aspects mn INR 3,388 3,480 3,490 3,328 • YoY earnings moderated marginally due to business mix and global 3,230 headwinds 19.1% 18.3% 19.0% 18.9% • QoQ margins remained resilient on the back of continued productivit
Slide 15: Working Capital, Capex
BUSINESS HIGHLIGHTS – Q1 AND 3M 2024 Working Capital, Capex Working Capital 2023 2024 Key Aspects mn INR • Working Capital includes tactical increase in inventories to meet 13,523 13,283 13,076 business demands 12,955 12,101 • Capex framework – on track • Free cash flow generation for Q1CY24 reflect
Slide 16: Performance Indicators
BUSINESS HIGHLIGHTS – Q1 AND 3M 2024 Performance Indicators Unit Q1 2024 Q4 2023 Q1 2023 12M 2023 Revenue mn INR 18,492 18,551 16,936 72,261 Revenue growth (YoY) % 9.2% 3.4% 8.0% 5.2% Revenue growth (QoQ) % -0.3% 0.4% -5.6% - EBITDA1) mn INR 3,388 3,328 3,230 13,528 EBITDA Margin % 18.3% 17.9% 19.1%
Slide 17: Q1 2024 - Consolidated Financial Results
Q1 2024 - Consolidated Financial Results Schaeffler KRSV Innovative Schaeffler India India Limited Auto Solutions Limited Particulars (mn INR) Standalone Private Limited Consolidated1) Q1 2024 Q1 2024 Q1 2024 Revenue 18,492 246 18,731 EBITDA (before exceptional) 18.3% -18.9% 17.8% EBIT (before excep
Slide 18: In Summary
BUSINESS HIGHLIGHTS – Q1 AND 3M 2024 In Summary 1 Domestic business continued its strong growth momentum 2 Rebound in exports for the quarter Strong foundation to further build the leading Sustained quality of earnings on the back of countermeasures Motion Technology 3 initiated Company Focus on ope
Slide 19: Disclaimer
Disclaimer The information contained in this presentation is provided by Schaeffler India Limited (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation nor any part the
Slide 20: Schaeffler - We pioneer motion
SCHAEFFLER We pioneer motion