Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q1 FY22 Earnings Presentation
18 slides from Greaves Cotton's earnings presentation, Aug 11, 2021
Slide 1: Covering letter to stock exchanges
GREAVES SINCE 1859 11th August, 2021 The Manager - Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code - 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Investor Presentation This is further to our letter dated 10th August, 2021 and pursuant to Regulation 30
Slide 2: Recovery. Resilience. Resurgence. Q1FY22 Investors Presentation
RECOVERY. RESILIENCE. RESURGENCE. AUTOMOTIVE AUTOMOTIVE & NON-AUTOMOTIVENON-AUTOMOTIVE E-MOBILITY RETAIL FINANCE Q1FY22 Investors Presentation (August 2021) www.greavescotton.com
Slide 3: Business Overview
Business Overview Greaves is a leading diversified engineering company in India and a specialist in last mile mobility solutions Revenue New Business Share Diversified engineering company with play in Fuel Agnostic Powertrain Solutions, E-Mobility, Aftermarket & Retail Solutions, Auxiliary Power a
Slide 4: Greaves' transformation journey: Future Ready Business Portfolio (1/2)
Greaves’ transformation journey is accelerating. Moving towards a Future Ready Business Portfolio (1/2) Last Mile Mobility Solutions Company | Moving Closer to Customer | Increasing Value chain capture Greaves FY16 Greaves FY17 to FY21 Greaves FY22 & Beyond 1 Auto Engines Auto Greaves Auto/ Non-Auto
Slide 5: Greaves' transformation journey: Future Ready Business Portfolio (2/2)
Greaves’ transformation journey is accelerating Moving towards a Future Ready Business Portfolio (2/2) Greaves Auto/ Non-Auto Greaves E-Mobility Greaves Retail Solutions Greaves Fintech • Market leader in 3W Diesel & • Market leader in E-2W • Amongst the widest auto • Incubation venture - NBFC to Wi
Slide 6: Greaves to expand play in 3W segment under Retail & Fintech
Greaves to expand play in 3W segment under Greaves Retail & Financing solutions under Greaves Fintech Greaves, the 3W leader… … expanding horizons with Group entities 3W ENGINES 3W SPARES 3W SERVICE L5 AUTO 65-70% market 6500+ spare parts 12,000+ mechanics share in Diesel retail outlets & 165+ care
Slide 7: Changing face of Ampere
Changing face of Ampere State-of-the-art EV mega-site (upto 1 Mn units capacity) New Experience Centre Phygital Dealership Experience Q1 FY22 INVESTORS PRESENTATION 6
Slide 8: Manufacturing footprint realigned in line with strategy
Mfg. footprint realigned in line with strategy, to provide long-term cost & operational benefit Step 1 : Engine Consolidation @ Aurangabad Step 2 : Re-aligned Mfg. Footprint Pune Land sale MOU executed, sale consideration of ~ INR 320 Cr. Consolidation of operations to result in higher operating eff
Slide 9: Q1 FY22 Highlights (1/2)
Q1 FY22 Highlights (1/2) Quarter impacted, but July sees rebound Management Commentary Q1FY22 Impacted due to COVID Wave 2 … Revenue EBITDA Loss Loss after Tax Nagesh Basavanhalli Managing Director and Group CEO Rs. 229 Cr Rs. 17 Cr Rs. 22 Cr +47% y-o-y Margin: -7% Margin: -10% “We are experiencing
Slide 10: Q1 FY22 Highlights (2/2)
Q1 FY22 Highlights (2/2) Better performance from Non-Auto businesses Pandemic led shared mobility impact on 3W segment, down 72% compared to Q4FY21 Ampere Q1 sales impacted due to 8 weeks COVID led factory lockdown in Coimbatore Significant heavy lifting for Ranipet readiness for E-2W and Pune shift
Slide 11: Greaves Group - Financial Performance
Greaves Group - Financial Performance Greaves Consolidated Result Q1 FY22 Segment Revenues (INR Cr.) Revenue EBITDA PAT 250 229 156 31% 200 150 Engines 39% 100 Aftermarket 50 E-Mobility 0 Others 6% -50 -27 -31 -17 -22 24% Q1 FY21 Q1 FY22 STANDALONE Q1 FY22 Q1 FY21 Growth Q1 FY21 Segment Revenues Rev
Slide 12: Financial Snapshot
Financial Snapshot Strong Working Capital Management 259 NWC – GCL Consolidated (INR Cr.) 209 151 111 93 84 27 41 Sep-19 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 GCL maintained strong cash position despite COVID-19 challenges 353 Net Cash Position – GCL Consolidated (INR Cr.) 273 211 207 176
Slide 13: Segment Volumes
Segment Volumes Q1 Growth (%) Volumes (Units) FY22 FY21 Y-o-Y Auto Engines 9,426 11,216 (16%) Non-Auto Engines 9,447 5,305 78% Engines 18,873 16,521 14% Genset 806 275 193% Light Equipment 6,630 6,317 5% Non-Auto Products 7,436 6,592 13% E-2W 1,383 1,752 (21%) E-3W 770 - NA E-Mobility Products 2,153
Slide 14: Consolidated Financial Snapshot
Consolidated Financial Snapshot GCL Consolidated (INR Cr.) Particulars Q1 FY22 Q1 FY21 Growth % Q4 FY21 Growth % Income from Operations 229 156 47% 520 (56%) RMC (%) 71% 73% 72% Employee Cost 42 38 39 Others Expenses 41 31 68 EBITDA (17) (27) (37%) 42 (141%) EBITDA Margin (7%) (17%) 8% PBT before ex
Slide 15: In Summary: Greaves scripting a story of success & leadership
In Summary: Greaves scripting a story of success & leadership FROM TO 1 Primarily, Engine solutions for Diesel 3W Last Mile Mobility player with strong B2B & OEMs & disrupting business portfolio B2C portfolio & ~30% share from new business • Expanded play Latest Gen Emission Engines • Strong range o
Slide 16: Greaves Vaccination Drive
Greaves Vaccination Drive Awareness against COVID-19 Protocols Vaccination Lead Communication Q1 FY22 INVESTORS PRESENTATION 15
Slide 17: 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 Greaves Cotton (“Greaves” or the Company) future business developments an
Slide 18: For further information, please contact Greaves Cotton Limited
AUTOMOTIVE AUTOMOTIVE& NON-AUTOMOTIVENON-AUTOMOTIVE E-MOBILITY RETAIL FINANCE REGISTERED OFFICE For further information, please contact Greaves Cotton Limited Unit No. 701, 7th Floor, Tower 3 Equinox Business Park, LBS Marg, Kurla West, Mumbai 400070. Ashok Jaiswar Bijay Sharma / Bopiah Ganapathy CI