Exide Industries Limited · NSE:EXIDEIND
Exide Industries — Investor Presentation (February 2024)
42 slides from Exide Industries's investor presentation, February 2024
Slide 1: Exide Industries – Investor Presentation
Exide Industries – Investor Presentation February 2024
Slide 2: Agenda
Agenda 1 Company Overview 2 Automotive Vertical 3 Industrial Vertical 4 New Business: Green Technology Solutions 5 Key Financial Highlights 6 Sustainability Initiatives & CSR 2
Slide 3: Company Overview
Company Overview 3
Slide 4: Company at a snapshot
Company at a snapshot 75+ Years of 10 Rs.27,000 Manufacturing crore+ Operations in Plants Market Cap as India on 31st Dec-23 66 million Presence in Automotive & Rs.14,500 60+ Motorcycle Batteries Countries crore+ Capacity p.a. Revenues 5,200+ 5.8 billion AH Employees of Industrial Power Rs.1,500 Sup
Slide 5: Comprehensive product portfolio serving multiple applications
Comprehensive product portfolio serving multiple applications We manufacture batteries for multiple We are a reliable power solution provider for all applications in automotive sector industrial applications Vehicular Non- Vehicular Power Exports Solar 4-Wheeler 3-Wheeler Industrial applications Rai
Slide 6: Eminent Board of Directors and shareholding pattern
Eminent Board of Directors and shareholding pattern Name Designation Shareholding pattern as on December 31, 2023 Mr. Bharat Dhirajlal Shah Chairman and Independent Director Others Mr. R.B. Raheja Vice Chairman and Non-Executive Director 21.84% Mr. Sridhar Gorthi Independent Director Ms. Mona N Desa
Slide 7: Manufacturing plants: Proximity to clients drives agility & efficiency
Manufacturing plants: Proximity to clients drives agility & efficiency Bawal Haridwar & Roorkee MC battery plant Home UPS manufacturing Ahmednagar Shamnagar MC battery plant First Exide plant Auto & Industrial batteries Prantij, Gujarat Nexcharge plant CML, Haldia Taloja Haldia Auto battery (SF) One
Slide 8: Strong R&D focus leading to advanced technical products & solutions
Strong R&D focus leading to advanced technical products & solutions Exide R&D Centre, Kolkata International technical collaborations Established in 1976, it’s one of the finest R&D centers in India • Moura • Furukawa Battery • East Penn • SVOLT Energy Batteries Company Manufacturing Technology Co. L
Slide 9: Our key strategic pillars: centered on sustainable growth and operational excellence
Our key strategic pillars: centered on sustainable growth and operational excellence Driving profitable growth in lead-acid battery and storage solutions business Taking leadership in the Green Technologies Solutions business (lithium-ion cell manufacturing) Driving excellence through innovation and
Slide 10: Automotive Vertical
QEXIDE Automotive Vertical
Slide 11: Automotive volumes have grown at a healthy pace in 9MFY24
Automotive volumes have grown at a healthy pace in 9MFY24 Overall automotive volumes grew at 6% in 9MFY24 • All end-user segments (4Ws, 2Ws, 3Ws and CVs) have registered growth in 9MFY24 Automobiles Production Volumes (mn) • Domestic demand was strong, though export 6% demand was muted due to high c
Slide 12: Long-term drivers indicate strong demand for technologically advanced products & solutions
Long-term drivers indicate strong demand for technologically advanced products & solutions Rising urbanization to create demand for personal mobility: Passenger vehicle production is expected to double in next 4-5 years Increase in business activity and infrastructure development will improve intra
Slide 13: Automotive Vertical: Getting future ready
Automotive Vertical: Getting future ready A B Revenue Operational C Margin Growth Efficiency Expansion • New product launches with technologically advanced features • Digitalization initiatives: • Aim to create optimum Increasing operational product mix: higher • Expanding domestic reach efficiency
Slide 14: Exide is ruling the automotive market with powerful brands
Exide is ruling the automotive market with 3 powerful brands 14
Slide 15: Introducing technologically advanced products as per the evolving market needs
Introducing technologically advanced products as per the evolving market needs 1 Idle-Start Stop batteries – 2 In process of launching AGM 3 Superior and eco-friendly replacement market batteries for the OEM market products for H-UPS market • Higher efficiency • Unmatched performance • Advanced Feat
Slide 16: Expanding domestic distribution network and our global footprints
Expanding domestic distribution network and our global footprints Direct & indirect pan India distributors/ Exports: strong focus on expanding global presence dealers: sharp increase in 3 years ▪ New products with advanced features launched in few countries ▪ Considering private labelling and contra
Slide 17: Supporting channel partners and enhancing customer experience
Supporting channel partners and enhancing customer experience Empowering channel partners through digitalization Customers: Introducing services for quicker initiatives and hassle-free solutions Hyperlocal marketing Annual Maintenance initiative enables dealers Contract (AMC) services in attracting
Slide 18: Digitalization initiatives across processes for increasing operational efficiency
Digitalization initiatives across processes for increasing operational efficiency Integrated business Sales force Logistics and planning efficiency Manufacturing warehouse • More accurate demand • Integrated data analysis • Real-time information on • Implemented industry 4.0 for forecasting provides
Slide 19: Industrial Vertical
QEXIDE Industrial Vertical
Slide 20: Mega trends across verticals: Navigating the future of business
Mega trends across verticals: Navigating the future of business Data Centers Renewable Infra Investment Automation Power • Increasing i-cloud • Railways: 100% • Traction Battery: • India’s 500 GW renewable electrification of railway adoption and rising per 10-15% electrification • Technology integra
Slide 21: Strategy framework: Our operating model uniquely positions us to deliver results
Strategy framework: Our operating model uniquely positions us to deliver results Sustained Profitable Growth Guided by our Target Growth Focussed Return Focussed 1 2 3 4 Rooted in our Strategy Revenue Customer Operational Margin Growth at Core Efficiency Expansion • Focus on growing • Customer • Ope
Slide 22: Enriched product range across verticals to address industry trends
Enriched product range across verticals to address industry trends Data Centre Solar Standby Traction Telecom YHP Plante Standby Power Batteries Batteries Upgraded Data Top of the Line End-to-End & Rooftop Augmented Portfolio 5G Ready Batteries Centre EHP Series Batteries for Standby Solar Solutions
Slide 23: New launches as per evolving market requirements & customer outreach for faster growth
New launches as per evolving market requirements & customer outreach for faster growth New launches with technologically advanced Showcasing our prowess features Building brand resonance across the Globe Unique front terminal range of batteries for data centre Exide NXT+ that ensures seamless power
Slide 24: Focusing on various levers to unlock value for margin expansion
Focusing on various levers to unlock value for margin expansion Cost Optimization Margin Expansion • Operational Excellence: Reducing the Cost-to- serve through digitalised processes • Manage channel/product mix: Optimal product & distribution channel mix • Industry 4.0 initiatives aimed at continuo
Slide 25: Green Technology Solutions: Lithium-ion Cells & Batteries
Green Technology Solutions: Lithium- ion Cells & Batteries 25
Slide 26: Mobility: India's electrification demand expected to be 150GWh by 2030
India’s electrification demand expected to be 150GWh by 2030 Lithium-ion demand (GWh) in India by 2030 Key growth drivers 2025 2030 Strong policy & regulatory support 2Ws 10 - 12 40 - 45 • Auto PLI 3Ws 1.2 – 1.7 5-6 • State EV policies 4-5 • FAME extension 4Ws 40 - 45 Mobility 0.9 – 1.2 3-4 LCV / HC
Slide 27: Exide is ahead of the curve in its lithium-ion foray
Exide is ahead of the curve in its lithium-ion foray Exide Industries Limited 100% Subsidiary 100% Subsidiary A Exide Energy B Exide Energy Private Limited (EEPL) Solutions Limited (EESL)* A • Established in 2018, Prantij, Gujarat • Established in 2022, Bengaluru, Karnataka • 1.5 GWh capacity • 12 G
Slide 28: Nexcharge has strong capabilities to cater to diverse customer specifications
Nexcharge has strong capabilities to cater to diverse customer specifications Our strong technical expertise …. Deep design In-house Quality Economies of capability: providing competency: manufacturing: scale: High energy density, Ability to Automated scale processes thermal stability and customise
Slide 29: Exide is in advanced stages of setting lithium-ion cell manufacturing facility
Exide is in advanced stages of setting lithium-ion cell manufacturing facility Wholly owned subsidiary Exide Technical Collaboration with 4 lines planned for capacity of Energy Solutions Limited SVOLT Technology Solutions Ltd. 6Gwh by 2025 Cylindrical Cells: 4.2Ah & 5Ah ▪ Setting up the multi-gigawa
Slide 30: Our competitive edge and value proposition
Our competitive edge and value proposition End-to-end “Cell to Pack” product portfolio • Multiple chemistries/form factors • Customizable module/pack solutions • Joint product development integrated with the new product development cycle High focus on offering competitive costing • Strategic raw mat
Slide 31: Progress so far ....
Progress so far …. Particulars Progress • Recruitment of top-tier team experienced professionals completed Organization • Regular training and ramp-up of teams is ongoing • 100+ personnel currently supporting project execution and timely delivery • Mix of internal accruals and loan financing, Exide
Slide 32: Onsite construction works is progressing well
Onsite construction works is progressing well Onsite construction is on track…. Final View post completion of Phase -1 (2025) Cell-manufacturing plant Administrative building Our readiness in the emerging EV battery space Click here for the video 32
Slide 33: Key Financial Highlights
QEXIDE Key Financial Highlights
Slide 34: Consistent financial performance delivered over the years
Consistent financial performance delivered over the years Revenues EBITDA Profit after tax (Rs. Cr.) (Rs. Cr.) (Rs. Cr.) 1,568 14,592 1,411 1,398 904 1,365 1,356 844 826 12,410 765 758 10,588 10,041 9,857 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 FY19 FY20 FY21 FY22 FY23 • Strategic initiati
Slide 35: 9MFY24 performance highlights – focus on profitability
9MFY24 performance highlights – focus on profitability EBITDA & Revenues EBITDA Margin 9MFY23 9MFY24 9MFY23 9MFY24 Rs. 11,049 Cr. Rs.12,020 Cr. Rs.1,201 Cr. Rs.1,355 Cr. 9% (10.9%) (11.3%) 13% PBT & PAT & PBT Margin PAT Margin 9MFY23 9MFY24 9MFY23 9MFY24 Rs.934 Cr. Rs.1,028 Cr. Rs.696 Cr. Rs.769 Cr.
Slide 36: Strong balance sheet and positive cash flow generation
Strong balance sheet and positive cash flow generation Balance sheet Highlights Particulars Unit Mar-22 Mar-23 Sep-23 • Continue to maintain the Total Equity Rs. Crore 10,598 11,210 12,639 Zero debt company since Total Debt Rs. Crore Nil Nil Nil 2011 Debt : Equity X Nil Nil Nil • Healthy return rati
Slide 37: Aim to maximize investor returns through multiple initiatives
Aim to maximize investor returns through multiple initiatives Revenue Operational Improved Dividend Growth efficiency Profitability payment • Product launches and • Streamlining supply • Improving product • Regularly paid deeper market chain to optimise mix towards higher dividends to penetration in
Slide 38: Sustainability and CSR
QEXIDE Sustainability and CSR
Slide 39: ESG is an integral part of our business and strategy
ESG is an integral part of our business and strategy Environment 19% green energy Introducing Backward integration consumption in FY23 eco-friendly for recycling used products batteries to recover lead Social Nurturing Diversity: Maintaining highest 2.08 lakh+ of Hybrid working policy standards of m
Slide 40: CSR initiatives focuses on building equal and inclusive societies
CSR initiatives focuses on building equal and inclusive societies Focus on 5 key pillars for socio-economic development: Impact created: • More than 3.1 lakh people benefited in FY23 • 80% of beneficiaries are from socially and economically disadvantaged sections • Active employee participation acro
Slide 41: Disclaimer
Disclaimer In this document, we have disclosed forward-looking information to enable analysts and investors comprehend our prospects and take investment decisions. This document and other statements–written and oral–that we periodically make, contain forward-looking statements that set out anticipat
Slide 42: THANK YOU!
THANK YOU! Investor Contact: Chhavi Agarwal, CFA Head- Investor Relations & Sustainability E-mail: investor.relations@exide.co.in 42
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