Cie Automotive India Ltd · NSE:CIEINDIA
Cie Automotive India — Mahindra CIE Automotive — Q3 2021 Earnings Presentation
31 slides from Cie Automotive India's earnings presentation, Oct 14, 2021
Slide 1: Covering letter to stock exchanges
nlahlndra C / E Mahindra CIE Automotive Limited Suite F9D, Grand Hyatt Plaza (Lobby Level), Off Western, Express Highway, Santacruz (E), Mumbai- 400 055, India Tel: +91 22 62411031 Fax: +91 22 62411030 www.mahindracie.com mcie.investors@cie-india.com SEC/2021/109 14 th October, 2021 BSE Limited Nati
Slide 2: Q3 & 9M CY2021 Results
mahlndra CI E Q3 & 9M CY2021 Results 14 October 2021 I MUMBAI ~ ( '.I . CIE Automotive
Slide 3: Disclaimer
mahindr-a c / E msclaimer M ahindra Cl E Aut omot ive Lim it ed, here in ref erred to as MCAL provides a wiid e array of presentations and reports, w ith t he cont ri but:ions of various professfonals. These present at ions and reports are for i nfo rmat1 i onal purposes and private drou llat ion on
Slide 4: Index
mahindr-a c / E Index 1 OVERVIEW 2 Q3 CY2021 RESULTS 3 9M CY2021 RESULTS 4 MARKET UPDATE 5 SEBI RESULTS 3 (~ CIE Automotive '_I
Slide 5: Overview
mahindr-a c / E 1 OVERVIEW ~ ( '.I . CIE Automotive
Slide 6: Legal structure (as on September 2021)
mahindr-a c / E OVERVIEW LEGAL STRUCTURE (AS ON 30 SEPTEMBER 2021) MVML (M&M Subsidiary) CIE through it’s subsidiaries and Promoter Group 11.44% - - mahlndra C / E -<- 60.76% 100% I100% 100% 100% I100% BF Bill Forge Aurangabad Stokes CIE Galfor Precision de Mexico Electricals Group S.A. Private S de
Slide 7: Q3 CY2021 Results
mahindr-a c / E 2 Q3 CY2021 RESULTS ~ ( '.I . CIE Automotive
Slide 8: MCIE India Q3 CY2021 Results
mahindr-a c / E MCIE INDIA Q3 CY2021 RESULTS FINANCIAL UPDATE MARKET UPDATE (INR MIO) JUL-SEP 2021 CHANGE JUL-SEP 2020 APR-JUN 2021 JUL-SEP 2021 JUL-SEP 2021 v/s v/s SALES 10,682 30% 8,189 8,734 JUL-SEP 2020 APR-JUN 2021 <6T 0.25% 7.2% EBITDA* 1,616 45% 1,116 1,213 MHCV 98.7% 37.4% EBITDA% 15.1% 13.
Slide 9: MCIE Europe Q3 CY2021 Results
mahindr-a c / E MCIE EUROPE Q3 CY2021 RESULTS FINANCIAL UPDATE MARKET UPDATE (INR MIO) JUL-SEP 2021 CHANGE JUL-SEP 2020 APR-JUN 2021 JUL-SEP 2021 JUL-SEP 2021 SALES 9,119 11% 8,192 10,670 v/s v/s JUL-SEP 2020 APR-JUN 2021 EBITDA* 1,143 41% 814 1,501 <6T -21.7% -17.7% MHCV* 9.4% -7.8% EBITDA% 12.5% 9
Slide 10: MCIE Consolidated Q3 CY2021 Results
mahindr-a c / E MCIE CONSOLIDATED Q3 CY2021 RESULTS FINANCIAL UPDATE (INR MIO) JUL-SEP 2021 CHANGE JUL-SEP 2020 APR-JUN 2021 SALES 19,801 21% 16,381 19,404 EBITDA* 2,759 43% 1,929 2,714 EBITDA% 13.9% 11.8% 14.0% EBIT* 1,924 78% 1,080 1,828 EBIT% 9.7% 6.6% 9.4% EBT* 1,790 91% 937 1,698 EBT% 9.0% 5.7%
Slide 11: 9M CY2021 Results
mahindr-a c / E 3 9M CY2021 RESULTS ~ ( '.I . CIE Automotive
Slide 12: MCIE India 9M CY2021 Results
mahindr-a c / E MCIE INDIA 9M CY2021 RESULTS FINANCIAL UPDATE MARKET UPDATE (INR MIO) JAN-SEP 2021 CHANGE JAN-SEP 2020 JAN-SEP 2021 v/s SALES 29,904 65% 18,152 JAN-SEP 2020 <6T 47.3% EBITDA* 4,450 153% 1,762 MHCV 132.6% EBITDA% 14.9% 9.7% Tractors 49.3% Two Wheelers 28.2% EBIT* 3,098 468% 546 Source
Slide 13: MCIE Europe 9M CY2021 Results
mahindr-a c / E MCIE EUROPE 9M CY2021 RESULTS FINANCIAL UPDATE MARKET UPDATE (INR MIO) JAN-SEP 2021 CHANGE JAN-SEP 2020 JAN-SEP 2021 SALES 30,164 41% 21,376 v/s JAN-SEP 2020 EBITDA* 4,086 226% 1,253 <6T 9.3% MHCV* 31.5% EBITDA% 13.5% 5.9% EBIT* 2,834 887% 287 Source: IHS Global EBIT% 9.4% 1.3% * MHC
Slide 14: MCIE Consolidated 9M CY2021 Results
mahindr-a c / E MCIE CONSOLIDATED 9M CY2021 RESULTS FINANCIAL UPDATE (INR MIO) JAN-SEP 2021 CHANGE JAN-SEP 2020 SALES 60,068 52% 39,528 EBITDA* 8,535 183% 3,015 EBITDA% 14.2% 7.6% EBIT* 5,932 612% 833 EBIT% 9.9% 2.1% EBT* 5,525 1,520% 341 EBT% 9.2% 0.9% PAT 3,127 6,026% -53 PAT% 5.2% -0.1% (*) EBITD
Slide 15: Other Details
mahindr-a c / E OTHER DETAILS OTHER OPERATING REVENUE, OTHER INCOME AND EXCHANGE RATES For Q3 CY2021 For 9M CY2021 (INR Mio) INDIA EUROPE CONSOLIDATED INDIA EUROPE CONSOLIDATED Other Operating Revenue 713 392 1,105 1,979 1,178 3,157 Other Income 62 12 74 233 150 383 EXCHANGE RATES PERIOD INR/ EURO A
Slide 16: Market Update
mahindr-a c / E 5 MARKET UPDATE ~ ( '.I . CIE Automotive
Slide 17: India Market: Key Segments Update - Quarterly
mahindr-a c / E INDIA MARKET: KEY SEGMENTS UPDATE - QUARTERLY MARKET PRODUCTION NUMBERS <6T Vehicles** MHCV Tractors Two Wheelers PERIOD Mio Units Δ% Units Δ% Units Δ% Units Δ% 9M CY2021 3.06 47.3 186,443 132.6 853,792 49.3 14,353,425 28.2 Q3 CY2021 0.96 0.25 57,220 98.7 309,890 16.4 5,221,927 -6.2
Slide 18: Market Outlook - India
mahindr-a c / E MARKET OUTLOOK - INDIA • Passenger Vehicles ₋ Light Vehicles (less than 6 Tons – European Classification) Short Term: IHS forecasts production growth at a +20% between CY2020-CY 2021 Long term: IHS forecasts production growth at a CAGR of 6.2% over a period of 2021-2026 • MHCVs: Shor
Slide 19: Europe Market: Key Segments Update - Quarterly
EUROPE MARKET: KEY SEGMENTS UPDATE - QUARTERLY MARKET PRODUCTION NUMBERS <6T Vehicles MHCV PERIOD Million Units Δ% Units Δ% 9M CY2021 12.09 9.3 399,881* 31.5 Q3 CY2021 3.35 -21.7 125,877 9.4 Q2 CY2021 4.06 87.0 136,464 84.0 Q1 CY2021 4.68 1.3 137,540 19.8 Source: IHS Global Δ % - means comparison of
Slide 20: Market Outlook - Europe
MARKET OUTLOOK - EUROPE • EU – Light Vehicles: ‒ IHS Global has forecasted that the Light Vehicle production will grow in CY21 by 1.0% as compared to CY20 ‒ and will grow at CAGR of 5.2% between CY21 to CY26. • EU – MHCV’s: ‒ IHS Global has forecasted* that the Europe MHCV production will grow in CY
Slide 21: SEBI Results
6 SEBI RESULTS CIE Automotive
Slide 22: MCIE Standalone - Statement of Profit & Loss
MCIE STANDALAONE - STATEMENT OF PROFIT & LOSS Rs. in Million Standalone Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 2021 30 September, 30 September, 30 September, 31 December, 2021 2020 2021 2020 2020 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Reven
Slide 23: MCIE Standalone - Statement of Profit & Loss (Cont'd)
MCIE STANDALAONE - STATEMENT OF PROFIT & LOSS (CONT’D) Rs. in Million Standalone Quarter Ended Nine M onths Ended Year Ended Particulars 30 September, 30 June, 2021 30 September, 30 September, 30 September, 31 December, 2021 2020 2021 2020 2020 Unaudited Unaudited Unaudited Unaudited Unaudited Audit
Slide 24: MCIE Consolidated Statement of Profit & Loss
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS Rs. in Million Consolidated Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 2021 30 September, 30 September, 30 September, 31 December, 2021 2020 2021 2020 2020 Unaudited Unaudited Unaudited Unaudited Unaudited Audited I Reve
Slide 25: MCIE Consolidated Statement of Profit & Loss - Cont'd
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS - CONT’D Rs. in Million Consolidated Quarter Ended Nine Months Ended Year Ended Particulars 30 September, 30 June, 2021 30 September, 30 September, 30 September, 31 December, 2021 2020 2021 2020 2020 Unaudited Unaudited Unaudited Unaudited Unaudited Audit
Slide 26: MCIE Consolidated Statement of Profit & Loss - Cont'd
MCIE CONSOLIDATED STATEMENT OF PROFIT & LOSS - CONT’D Rs. in M illion Consolidated Quarter Ended Nine M onths Ended Year Ended Particulars 30 September, 30 June, 2021 30 September, 30 September, 30 September, 31 December, 2021 2020 2021 2020 2020 Unaudited Unaudited Unaudited Unaudited Unaudited Aud
Slide 27: MCIE Consolidated - Segment Result
MCIE CONSOLIDATED – SEGMENT RESULT Rs. in M illion CONSOLIDATED Quarter Ended Nine Months Ended Year Ended 30 September, 30 June, 30 September, 30 September, 30 September, 31 December, 2021 2021 2020 2021 2020 2020 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Particulars 1 Segment Reven
Slide 28: MCIE Consolidated - Segment Result - Cont'd
MCIE CONSOLIDATED – SEGMENT RESULT - CONT’D Rs. in M illion CONSOLIDATED Quarter Ended Nine Months Ended Year Ended 30 September, 30 June, 30 September, 30 September, 30 September, 31 December, 2021 2021 2020 2021 2020 2020 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Particulars 3 Segm
Slide 29: Notes
NOTES STATEM ENT OF STANDALONE AND CONSOLIDATED UNAUDITED RESULTS FOR THE QUARTER AND NINE M ONTHS ENDED 30 SEPTEM BER, 2021 Notes: 1 The statement has been prepared in accordance with the Companies (Indian Accounting Standards) Rules, 2015 (Ind AS) prescribed under Section 133 of the Companies Act,
Slide 30: Notes Cont'd - Subsidiaries and Associate Companies
NOTES CONT’D … Annexure A - Subsidiaries forming part of the M ahindra CIE Automotive Limited (M CIE) Group and its Associate Companies S. No. Name of the entity Relationship % of Holding Country of Incorporation 30 September, 2021 1 Stokes Group Limited (SGL) Subsidiary of M CIE 100% UK 2 Stokes Fo
Slide 31: Thank You
Mahindra CIlE Thank You mahindracie.com
Mahindra CIE Automotive — Q3 2021 Earnings Presentation on 6ix