Slide 1: Minda Corporation Limited Q3 FY2017 Earnings Presentation
Interior Systems MINDA CORPORATION LIMITED (NSE: MINDACORP; BSE: 538962) Q3 FY2017 Earnings Presentation February 13, 2017 Safety, Security And Restraint Systems Driver Information And Telematics Systems Locks Door Handles Instrument Clusters Wiring Harness Starter Motors Plastic Components
Slide 2: Executive Summary
Executive Summary Q3 FY2017 Total Revenue increased by 6.9% Y-o-Y to Rs. 1,919 million vs. EBITDA increased by 15.0% y-o-y to Rs. 232 million. Margin at 12.1% Q3 FY2016 (Standalone) Net Profit increased by 57.3% to Rs. 176 million. Margin at 9.2% Q3 FY2017 Total revenue increased by 10.1% y-
Slide 3: Management Commentary
Management Commentary “On the backdrop of demonetization which drastically reduced the liquidity in the market, sales volume for the quarter across the automobile sector were down by (4.0)% on a y-o-y basis in comparison to the 19.1% y-o-y growth in the last quarter. Despite a sustained pressure on
Slide 4: Significant Developments
Significant Developments Recent Corporate Developments • New Customer Additions: • Royal Enfield (Lockset) • Nissin Brakes (Die Casting) • Additional Orders Booked: Additional domestic orders stood at Rs. 135 crore (including orders worth Rs 52 crores for MCL – Security division) and additional expo
Slide 5: Business Updates
Business Updates Greenfield Plant at Mexico • Minda KTSN setting up a new plant at Queretaro Industrial Park-II Puerto, Mexico • Construction in accordance to the project timelines and production is expected to start in FY2018 • Total area of the plant is c. 17320 sqm. and for the initial stage, 7,0
Slide 6: Business Updates
Business Updates Greenfield expansion for Die Casting Plant at Pune • Setting up 3rd die casting plant in Chakan, Pune with an initial investment of Rs. 75 crore over two years, to enhance production capacity Proposed Current • Existing production capacity is 4,600 MT p.a. and FY2019-20 target capac
Slide 7: Standalone Financial Performance
Standalone Financial Performance Revenue EBITDA Net Profit 1,919 232 176 1,795 202 112 Q3 FY16 Q3 FY17 Q3 FY16 Q3 FY17 Q3 FY16 Q3 FY17 • Total Revenue increased by 6.9% y-o-y to Rs. 1,919 million. This growth was primarily driven by Die Casting and After Market • EBITDA increased by 15.0% y-o-y to R
Slide 8: Consolidated Financial Performance
Consolidated Financial Performance Q3 y-o-y Nine Months Ended y-o-y Growth Growth (Rs. Million) FY2017 FY2016 FY2017 FY2016 (%) (%) Total Revenue 7,230 6,565 10.1% 22,007 18,008 22.2% EBITDA 416 658 (36.7)% 1,833 1,700 7.8% Margin (%) 5.8% 10.0% 8.3% 9.4% Net Profit 201 316 (36.3)% 770 809 (4.8)% Ma
Slide 9: Revenue
Consolidated Financial Performance Commentary – Q3 FY2017 vs. Q3 FY2016 22,007 18,008 • Total revenue for the quarter increased by 10.1% y-o-y to Rs. 7,230 million. In Q3 FY2017, the Revenue overall automobile sector was down by (4.0)% on a y-o-y basis 6,565 7,230 • The revenue growth was negatively
Slide 10: Financial Metrics
Financial Metrics Revenue Breakdown by Product Category Revenue Breakdown by Geography 22% 16% 14% 4% 7% 5% 14% 22% 16% 37% 45% 47% 71% 79% 82% 41% 39% 39% FY15 FY16 Q3 FY17 FY15 FY16 Q3 FY17 Interior Systems Driver Information & Telematics Systems India Europe South East Asia Safety Security & Rest
Slide 11: Capital Structure
Capital Structure Particulars (Rs. million) 31 Dec 16 30 Sept 16 Net Debt / EBITDA(x) & Net Debt / Net Worth(x) Short Term Borrowings 4,085 4,254 Long Term Borrowings 1,900 1,652 2.23x 1.89x Total Debt 5,985 5,906 0.80x 0.86x Less: Cash & Cash 537 575 Equivalents FY2016 9M FY17 Annualized Net Debt 5
Slide 12: Capital Market Data
Capital Market Data LTM Share Price Performance No. of Shareholders 150 20.0 Rebased to Minda 12,047 15.0 Corps’ Price 100 Millions 10.0 7,951 50 5.0 5,387 5,670 4,325 0 0.0 Vol Minda Corp 2.9% BSE Auto 37.9% Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Shareholding Pattern Market Data (10 Feb 2017) Mar 31, J
Slide 13: Media Coverage
Media Coverage Spark Minda in News Print Business Standard Manufacturing Today The Machinist Magazine Auto Car Pro Magazine Corporate India (Jan 2017) (Dec 2016) (Dec 2016) (Nov 2016) Magazine (Nov 2016) Electronic Zee Business Zee Business NDTV Profit (Dec 2016) (Jul and Aug 2016) (Aug 2016) Q3 FY2
Slide 14: Awards and Corporate Social Responsibility
Awards and Corporate Social Responsibility Key Awards MFE – Technology Innovation MCL SSD – National Award MSIL – Award for New MVASPL – Gold Award at Spark Minda Foundation – of the Year Award organized for Supply Chain & Logistics Development at Escorts Agri Quality Circle Forum of India Award for
Slide 15: Important Notice
Important Notice Q3 FY2017 Results Conference Dial-In This presentation contains statements that contain “forward looking statements” Numbers: February 15, 2017 (Wednesday) including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements rel