Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Investor Presentation (June 2021)
31 slides from Talbros Automotive Components's investor presentation, Jun 8, 2021
Slide 1: Talbros Automotive Components Ltd Investor Presentation
Talbros Automotive Components Ltd I N V E S T O R P R E S E N TAT I O N June 2021
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Talbros Automotive Components Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscrib
Slide 3: Talbros Automotive Components Ltd (TACL) - Group
Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs) FY20 FY21 TACL Standalone 265 287 Gaskets Nippon Leakless Talbros Pvt Ltd 106 83 Forgings TACL Standalone 134 170 FY20 FY21 688 705 Marelli Talbros Chassis Systems Chassis Components 137 124 Pvt
Slide 4: Consolidated FY21 Highlights
Consolidated FY21 Highlights Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: 453 Crores “This fiscal year has been challenging year for the Industry. Our hedged Total Income^ approach to business in terms of multi products, multi segm
Slide 5: Constant Growth is our New Normal
Constant Growth is our New Normal Multi-Year order win for BIW parts Careful Strategic Planning And Technical Assistance Agreement with SANVA Implementation Efforts o Entered in a Technical Assistance Agreement o Marelli Talbros Chassis Systems Pvt. Ltd., JV (TAA) with its Japanese partner ‘Sanwa co
Slide 6: Consolidated Q4 – FY21 Performance Highlights
Consolidated Q4 – FY21 Performance Highlights Rs. Crores Total Income from Operations^ EBIDTA^ PAT* +73% +179% +428% 160.4 24.7 12.7 92.5 8.8 2.4 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21 As per Ind AS ^ Includes other income *Q4FY21 PAT is excluding gain on sale of Chennai property of Rs. 18 Cr 6
Slide 7: Consolidated FY21 Performance Highlights
Consolidated FY21 Performance Highlights Rs. Crores Total Income from Operations^ EBIDTA^ PAT* +16% +50% +70% 453.2 64.6 24.4 391.0 43.1 14.3 FY20 FY21 FY20 FY21 FY20 FY21 As per Ind AS ^ Includes other income *FY21 PAT is excluding gain on sale of Chennai property of Rs. 18 Cr 7
Slide 8: Q4 & FY21 Standalone Business Performance Highlights
Q4 & FY21 Standalone Business Performance Highlights Total Income from Operations EBIDTA Gaskets +8% +13% 287.3 35.7 265.0 31.7 +66% +133% 102.9 14.5 62.0 6.2 Q4FY20 Q4FY21 FY20 FY21 Q4FY20 Q4FY21 FY20 FY21 Forgings +27% 169.9 +111% 133.6 28.3 +78% +175% 58.7 13.4 9.7 32.9 3.5 Q4FY20 Q4FY21 FY20 FY2
Slide 9: Q4 & FY21 JV’s Performance Highlights
Q4 & FY21 JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd Marelli Talbros Chassis Systems Pvt Ltd Talbros Marugo Rubber Pvt Ltd Total Income from Operations Total Income from Operations Total Income from Operations 106.0 136.8 45.8 124.3 41.0 83.4 46.3 14.2 25.9 24.6 34.8 10.2 Q4FY20 Q4F
Slide 10: Improving Our Key Metrics
Improving Our Key Metrics Return on Equity Return on Capital Employed Debt/Equity 10.5% 14.1% 0.77 7.2% 9.0% 0.44 FY20 FY21 FY20 FY21 FY20 FY21 Note: • All the ratios have been calculated on Consolidated Basis • PAT, Net Worth and Capital Employed is excluding Capital Gain • EBIT is inclusive of JV
Slide 11: Q4 & FY21 Consolidated Profit & Loss Statement
Q4 & FY21 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q4 FY21 Q4 FY20 Y-o-Y FY21 FY20 Y-o-Y Revenue from Operations 157.6 91.6 72.0% 444.2 385.3 15.3% Other Income 2.8 0.8 9.0 5.7 Total revenue from Operation 160.4 92.5 73.5% 453.2 391.0 15.9% Raw Material 82.4 47.7 238.2 204.8
Slide 12: FY21 Consolidated Balance Sheet
FY21 Consolidated Balance Sheet ASSETS Mar-21 Mar-20 EQUITY AND LIABILITIES Mar-21 Mar-20 Non-current assets Equity Property, plant and equipment 145.4 149.2 Equity Share capital 12.3 12.3 Capital work in progress 3.0 0.6 Other equity 235.2 185.6 Investment property 3.1 2.9 Sub-total - Shareholders'
Slide 13: FY21 Consolidated Cash Flow Statement
FY21 Consolidated Cash Flow Statement Particulars (Rs in Cr) FY21 FY20 PBT 51.8 13.5 Adjustments 10.2 26.0 Operating profit before working capital changes 62.0 39.6 Changes in working capital 8.9 0.4 Cash generated from operations 70.9 39.9 Direct taxes paid (net of refund) -4.7 -2.9 Net Cash from O
Slide 14: Hedged Portfolio…
Hedged Portfolio… FY21 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 4% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 6% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MTC ▪ Passenger Vehicles ▪ Forgings ▪ Exports 10% ▪ Chassis Systems ▪ Commercial Vehicles ▪ Others Forgings ▪ Anti vibration
Slide 15: Domestic Break Up
Across varied segments… 7% 3% 6% 4% 8% 11% Domestic Break Up* 32% 28% 37% FY19 20% FY20 22% FY21 35% 23% 38% 26% 2 & 3 Wheelers Passenger Vehicle HCV & LCV Agri & Off Loaders Others Overall Break Up* 6% 6% 5% 6% 6% 5% 21% 18% FY20 25% FY19 FY21 68% 64% 70% OEM Exports After Market Others *Proportion
Slide 16: Having Diversified Customer base - Top 10 Customers
Having Diversified Customer base - Top 10 Customers Rs. Crores FY20 – Rs. 688 Cr.^ FY21 – Rs. 705 Cr.^ Gkn Hero BMW, 4% Motocorp, Suzuki Motors Hero Driveline Bru Gujarat, 3% 11% Motocorp, nico, 4% HMSI, 3% 10% DANA ITALIA Tata Motors, S.R.L, 3% 4% Tata Cumins, 4% HMSI, 4% Maruti Suzuki Tata Motors,
Slide 17: Gasket Business
Gasket Business Standalone ▪ In – House tool design and manufacturing 333 ▪ ~40% Market share in Gaskets 3x the nearest 292 287 competitor 267 265 ▪ Market Leader in – Two Wheeler, Agri & Off Loaders, HCV & LCV segment ▪ Single Source Supplier for 5 of our customers ▪ 100% Asbestos Free player FY17
Slide 18: Standalone Business – Forgings
Standalone Business – Forgings +24% ▪ One stop solution for Hot Forging 166 170 Exports (750 to 2,500 Ton Press) 134 51% 115 ▪ In-House tool design and manufacturing 71 ▪ Strong presence in Overseas Market & OEM Others 43% 6% Supplier to top Tier I companies ▪ One Stop Solution for Die Design, FY17
Slide 19: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures Nippon Leakless Talbros Pvt Ltd (NLK) Marelli Talbros Chassis Systems Pvt Ltd (MTC) Talbros Marugo Rubber Pvt Ltd (TMR) ▪ Marugo Rubber Industries Ltd (Japan) - ▪ Nippon Leakless Corporation (Japan) - One of ▪ Magneti Marelli S.p.a (Milano) - A Fiat group
Slide 20: JV’s Performance Highlights
JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd Marelli Talbros Chassis Systems Pvt Ltd Talbros Marugo Rubber Pvt Ltd 117.9 122.1 129.7 136.8 52.0 108.7 106.0 124.3 45.8 109.0 40.8 41.0 83.4 85.8 30.9 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Total Income
Slide 21: One of the Most Hedged Auto Component Players
About Us Over 6 Decades of experience in Auto Component manufacturing One of the Diversified Auto Component player with presence across Two Wheelers, Passenger, Commercial Vehicles and Farm Equipment's Most Hedged Auto Wide client base, ~40% revenue from top 5 clients Component Businesses across OEM
Slide 22: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability Anuj Talwar – Joint Managing Director Is a Bachelor in Business Administration from college of William & Mary, Virgina, USA and Master of Business Administration from Boston University Graduate School of Management. He has been associated with the Compa
Slide 23: Board of Directors
Board of Directors • Mr. Naresh Talwar, aged 80 years, is a Promoter and Non- Executive • Mr. Umesh Talwar, has done B.Com (Hons) from Delhi University and MBA Mr. Naresh Talwar Chairman of the Company. He has been associated with the Company Mr. Umesh Talwar from XLRI, Jamshedpur. He has more than
Slide 24: Executive Management
Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 17 years of experience with LeeBoy India She has over 29 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor
Slide 25: Scope of Joint Ventures
Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2
Slide 26: Evolving Product Portfolio
Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis
Slide 27: Hedged Customer Base
Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 27
Slide 28: Equity
Equity Consistently paying Dividend for the last 50 years In Rs 2.0 1.8 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 1.2 0.5 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 Promoter Shareholding 56.6% 56.6% 56.6% 56.6% 58.2% 58.2% 51.5% 53.9% 54.0% 44.5% 45.6% 46.3% 41.6% Jun-10 Jun-11 Jun-12 Jun-13
Slide 29: Appreciation From Customers
Appreciation From Customers 29
Slide 30: Customer Awards for Best Performances
Customer Awards for Best Performances ACMA 16th Quality Circle HR Association India PNGI HR Eicher Engine Toyota Kirloskar Competition 2019 Gold Award 2019 Excellence Award 2018 Supplier Meet 2018 Zero Defect Supplies 2018 Toyota Kirloskar Kirloskar Achieving targets in Quality 2018 Supplier quality
Slide 31: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Ms. Seema Narang Mr. Shogun Jain / Ms. Akashi Modi seema_narang@talbros.com shogun.jain@sgapl.
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