Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Q4 FY2024 Earnings Presentation
31 slides from Talbros Automotive Components's earnings presentation, May 22, 2024
Slide 1: Q4 & FY 2023-24 Investor Presentation cover letter
talb F@S Talbros Automotive Components Lid. www.talbros.com 22" May, 2024 The Bombay Stock Exchange Ltd. The National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, 5" Floor, Plot No. C/1 Dalal Street, Fort G Block, Bandra Kurla Complex Mumbai — 400 001 Bandra (East), Mumbai
Slide 2: Driving Future Leadership
ta'bOB ; Drivmg Future Leadership
Slide 3: Talbros Automotive Components Ltd (TACL) - Group
piH 6%“ Talbros Automotive Components Ltd (TACL) - Group talbrOk Product Portfolio Entities TACL Group Turnover*(Rs. Crs.) ° _ e FY23 Gaskets & TACL Standalone Heat Shields Nippon Leakless Talbros Pvt Ltd" A +21% Forgings TACL Standalone FY24 1,258 Chassis Marelli Talbros Chassis Systems Pvt Ltd Com
Slide 4: MDs Comments
MDs Comments talbr@5 Automotive Components Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: “For FY24, TACL has demonstrated robust growth throughout the year in terms of business performance and profitability on back of strong order e
Slide 5: New Multi year orders secured in FY24 and Apr-24
New Multi year orders secured in FY24 and Apr-24 Execution of Below Order Book to be implemented from FY25 \ - July 2023 November 2023 April 2024 Received new multi year orders Received new multi years orders Received new multi years orders worth ~Rs 400 crores from worth ~Rs. 580 crores from both,
Slide 6: Q4 & FY24 Consolidated Performance Highlights
oy 6.@'.' Q4 & FY24 Consolidated Performance Highlights t8|b@ Automotive Components Total Income from Operations” Profit After Tax* ® ® € 15.2% 9.5% | 11.0% I < 207.5 22.7 E 176.9 6.8 169 3 Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 653.4 > w E u - . FY23 Fy24 FY23 Fy24 FY23 Fy24 Rs. Crores A Includes Other
Slide 7: Q4FY24 Consolidated Performance Highlights
Q4FY24 Consolidated Performance Highlights t8|b@ Gasket & Heat K Forgings MTCS TMR NLTA Shield e 5 132.7 74.7 : 70.6 31.1 20.1 [ 1185 : 28.8 S 58.4 : 54.8 @ c ! ' >[ !' o : 75 Q4FY23 Q4FY24 Q4FY23 Q4FY24 : Q4FY23 Q4FY24 Q4FY23 Q4FY24 Q4FY23 QaFY24 G @y oo 235 12.0 1 10.8 4.1 4.1 < 10.2 | 9.2 a= 16.6
Slide 8: FY24 Consolidated Performance Highlights
FY24 Consolidated Performance Highlights talbr@)s Gasket & Heat ) Forgings : MTCS TMR NLTA Shield St ; @y 7 514.6 277.4 i .. 122.7 88.9 82.6 i . [0} g 434.4 219.0 ; 210.0 5 ' 85.3 > 1 () i o H | FY23 FY24 FY23 FY24 FY23 FY24 (39%) G33%) 81.5 47.0 : 36.0 9.3 191 21.1 S= 59.7: 33.8 Ei 25.9. 7.0. [>a}
Slide 9: Domestic Breakup
Domestic Breakup* Across varied segments... I 2 & 3 Wheelers [ | Passenger Vehicle I Hev & Lev [ | Agri & Off Loaders [ Others I oem - Exports [ After Market I others *Proportionate Share of JV
Slide 10: Strong Balance Sheet
Strong Balance Sheet E@_Hfig_fl@ Return on Capital Employed (RoCE) Return on Equity (RoE) Debt / Equity g g \ 20.4% 20.2% 0.29 16.5% 16.3% 16.6% 024 16.3% I I : FY22 FY23 FY2a FY22 FY23 FY24 Mar-22 Mar-23 Mar-24 RoE = PAT / Avg. Equity ; ROCE = EBIT / Avg. Capital Employed (Equity + Total Debt) (Excl
Slide 11: Q4 & FY24 Consolidated Profit & Loss Statement
Q4 & FY24 Consolidated Profit & Loss Statement Particulars (Rs. Crores) Q4FY24 QAFY23 Y-o-Y Revenue from Operations 202.7 174.9 16% 'Other Income v ’ 4.8 1.9 i Total revenue from Operation 207.5 176.9 17% | Raw Materiél » ‘ ‘106.1 96.9 ! Employee Cost i 21.2 17.5 bother Expenses : 44.8 35.6 ‘ EBITDA
Slide 12: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. Cr.) Mar-24 Mar-23 EQUITY AND LIABILITIES (Rs. Crs.) Non-current assets - Equity : Property, plant and equipment ] 209.0 168.0 Equity Share capital - Capital work in progress ) 7.3 4.8 Other equity Investment property i 2.7 2.8 Shareholders’ Funds _ Intangible
Slide 13: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement talb Automative Components Particulars (Rs. Crores) Fy24 FY23 - PBT i 146.7 ! 70.3 : Adjustments | -23.5 | 22.1 Operating profit before working capital hanges | 1232 ; 9.4 : Changes in working capital | -33.7 | -20.5 (;asbh éer;erat‘ed‘frz‘)m‘ o‘pe‘rat‘ions 894 ‘71‘.
Slide 14: Hedged Portfolio
oYt Hedged Portfolio... FY24 - Revenue Contribution L Segments Product Portfolio Market Exposure _—e TMR 6% = 2 Wheelers = Gaskets = OEMs Heatshields = 3Wheelers = Heat Shields = After Market o, 4A) = Passenger Vehicles = Forgings = Exports MTCS = Commercial Vehicles = Chassis Systems = Others 14% F
Slide 15: Having Diversified Customer base - Top 10 Customers
Having Diversified Customer base - Top 10 Customers FY23 FY24 01 Maruti Suzuki India 13% 01 14% 02 TATA Motors 8% 02 9% 03 Jaguar Land Rover 7% 03 6% 04 Bajaj Auto 7% 04 6% 05 TATA CUMMINS 6% 05 6% 06 6% 06 5% 07 4% 07 5% 08 | DANA ITALIA SRL 4% 08 4% 09 | VE COMMERCIAL VEHICLE 2% 09 | DANA ITALIA S
Slide 16: Gasket Business
Gasket Business talbr{O}s ~50% Market share in Gaskets 3x the nearest competitor Total Income Market Leader in — Two-Wheeler, Agri & Off Loaders, HCV & LCV 515 segment Single Source Supplier for 5 of our customers Signed up exclusive contract with SANWA for Light Weight Aluminium Heat Shields which
Slide 17: Forgings Business
Forgings Business talbr{O}s One stop solution for Hot Forging (750 to 2,500 Ton Press) Total Income Strong presence in Overseas Market & Supplier to Top Tier | companies One Stop Solution for Die Design, Machine parts and Heat treatment 277 (Normalizing and Carbohydrizing) 204 220 Moving towards hea
Slide 18: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures talbr@s Automotive Components talb @ Marugo talbriOs ~ MARELLI BAU-IVRAIERA NIPPON R LEAKLESS CORPORATION Talbros Marugo Rubber Pvt. Ltd. (TMR) Marelli Talbros Chassis Systems Pvt Ltd (MTC) 1 Nippon Leakless Corporation (NLK)" | | ——————— ] v' Marugo Rubbe
Slide 19: Venturing into EV
9. 0.@. Venturing into EV EELQM@ ) FORGINGS | talbrifOb A MARELLI : ! 1 o Marelli Talbros is working on new RFQ’s for several : . Supplying parts for Plug-in hybrid | | Indian and global OEM’s for supporting : - Electric Vehicles to OEMs globally : development of future EV’s - e o Marelli Talbros Su
Slide 20: JV's Performance Highlights - Total Income from Operations
JV’s Performance Highlights - Total Income from Operations EELE’L@S Talbros Marugo Rubber Marelli Talbros Chassis Systems Nippon Leakless Talbros” | 209.6 106.0 164.6 826 E : 136.8 b I : i I FY19 FY20 FY23 E FY20 FY21 FY22 FY23 FY22 FY24 6% : 5 . 1% mOEM W Exports W Others E mOEM W Exports M Others
Slide 21: Utilization Levels and Capex Plans
talofop Utilization Levels (FY24) A::J;::::’;:‘;Yr:;zh 85% Rs. 50 Crores To be funded by Internal Accruals Capex of Rs. 25-30 Crs. 80% Rs. 60 Crores per annum These amounts will 75% Rs. 80 Crores be funded by — respective Companies AV - 87% through internal Hose - 80% Rs. 10 Crores accruals and some
Slide 22: Talbros 2.0 — The Way Forward
T 6%" Talbros 2.0 — The Way Forward talb Increased Export Increased Comfortable Debt Higher Returns Sales Margins Profile EBITDA Margins 25% in FY23 to increase from RoCE to increase Total Debt to to 1 o remain under 35% + in ~15-16% 1A% 0 by to 20%ahead+ going Rs. ) 100 FY27e crores FY27e DRIVING F
Slide 23: About Us
® g1y About Us Over 6 Decades of experience in Auto Component manufacturing Electric Vehicles — Supply to EV’s (Major OEM’s globally) Wide Client Base; Orders from over 30 OEMs across products and geographies Component Playens Consistent Dividend Pay-out over 50 years 22
Slide 24: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability talbr@s 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 t
Slide 25: Strong Board of Directors
Strong Board of Directors talb Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Chairman Vice Chairman & MD Joint Managing Joint Managing Director & Group CFO Non-Executive Director Director Director ) ' b3 7 Mr. Deepak Jain Mr Anil Kumar Mehra Mr
Slide 26: Executive Management
Executive Management talbrOk Mr. Manish Khanna ° Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 18 years of experience with LeeBoy India She has over 30 years of experience in the secretarial department and has worked with Constructions, Doosan Infrac
Slide 27: Scope of Joint Ventures
talb K Scope of Joint Ventures — —— — I Rear Twist Beam I —_—— i — — Front Cross Members e Wheel Group + Corner Module I Control Arms Knuckles MMT r MMT Existing Business I Planned for Future 26
Slide 28: Evolving Product Portfolio
Evolving Product Portfolio talofop JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti ‘ Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Acquired Sheet Metal, Products Products Entry into Forgings, with NLK - Gaskets - Revenue FY24 TAA with Nippon Antivibration
Slide 29: Diversified Customer - OEM
oYt Diversified Customer - OEM ENFIELD é m%ra $ suzuxi * YAMAHA BAIAS e I MARUTI sSuzZ a® TATA 2 Mahindra > swaral E= VE COMMERCIAL VEHICLES = HCV/LCV (@] TATA T mazDa ® g ASHOK LEYLAND Mahindra gscorts FORCE [ssmia DAIMLER MAN FORCE TRUCKS Pvt. Ltd. ‘ (75 e Mahindra EICHER Agri & Off Loader e Cvorv
Slide 30: Customer Awards for Best Performances
Customer Awards for Best Performances talb Appreciation Award for Response to New ACMA Atmanirbhar Award from Jaguar Land Rover Quality y improvement i Over “’e' ;:;f D; '5’2";' ce to Product Development Excellence Awards for Gasket Business 2022 contest award — 2023 2022 Kirloskar Oil Engines Ltd 2
Slide 31: Thank You
THANK YOU ! For further information, please contact: Company : Investor Relations Advisors : talb F@S SGA Strategic Growth Advisors Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Ms. Seema Narang Mr. Deven Dhruva/ Mr. Hars
Talbros Automotive Components — Q4 FY2024 Earnings Presentation on 6ix