Sandhar Technologies Ltd. · NSE:SANDHAR
Sandhar Technologies — H1 FY2022-23 Earnings Presentation
31 slides from Sandhar Technologies's earnings presentation, Nov 10, 2022
Slide 1: Stock exchange intimation letter
Ref: STL /SE/2022-2023/Investor Presentation/54 Dated: 10th November, 2022 To, To, Department of Corporate Services, Listing Department, BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, C-1, G-Block, Bandra-Kurla Complex Mumbai – 400 001 Bandra, (E), Mumb
Slide 2: Investor Presentation H1 & Q2 FY-2022-23
INVESTOR PRESENTATION H1 & Q2 FY-2022-23
Slide 3: Safe Harbour
SAFE HARBOUR This presentation and the accompanying slides (the “Presentation”), has been prepared by Sandhar Technologies Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not
Slide 4: Key Highlights – H1 FY 2022-23
KEY HIGHLIGHTS Strong performance in H1 FY 22-23 despite various challenges faced during the period. Total Income stood at ₹1429 Crs. registering an impressive growth of 38% over H1 FY 21-22 FINANCIAL HIGHLIGHTS – H1 FY 2022-23 Industry registered a growth of 23% Total Income EBITDA where as Sandh
Slide 5: Key Highlights – Q2 FY 2022-23
KEY HIGHLIGHTS Strong performance in the Q2 FY 22-23 despite various challenges faced during the period. Total Income stood at ₹ 751 Crs.. registering an impressive growth of 21% over Q2 FY 21-22 FINANCIAL HIGHLIGHTS – Q2 FY 2022-23 Industry registered a growth of 12% Total Income EBITDA where as
Slide 6: Challenges Faced
CHALLENGES FACED Rising inflation supported by continues increase in various input costs like Power, Fuel, Wages Etc. Worldwide shortage of semi-conductor chips still continues. Upcoming BSVI Phase 2 Regulations and transition to EV’s. Increase in REPO Rates leading to overall increase in Cost of De
Slide 7: Global & Domestic Presence
GLOBAL & DOMESTIC PRESENCE Strategically Located Plants across all major auto hubs India: 38 Haryana 13 Overseas: 4 Plants Tamil Nadu 9 Overseas: 4 TC & JVs India: 38 Plants Karnataka 8 Spain 1 South Korea Himachal 2 Poland 1 Japan Rajasthan 2 Mexico 1 Taiwan R&D R&D Centre: 01 Maharashtra 2 Romania
Slide 8: Sandhar's EV Readiness and Product Profile
Sandhar’s EV Readiness and Product Profile Company’s Sandhar has Overseas largely geared up operations are to play a already catering dominant role in to 4W EV’s. the EV transition. EV Readiness Company has marked its presence in 2W Company has and 3W EV Space by already started Detailed developing
Slide 9: Sandhar's Present Product Profile Compatible with EV's
Sandhar’s Present Product Profile Compatible with EV’s PROPRIETARY- SHEET METAL & ALLIED- CASTING, MOULDING, CABINS & Others – AUTOMOTIVES- 28% 22% TOOLING – (Domestic – 11% & FABRICATION-14% 12% Overseas – 13%) Proprietary Business: Locking Systems I Rear View Mirrors I Door Handles I Latches & Hin
Slide 10: New Products Developed - Compatible for both EV & Non-EV Vehicles
Products: New Products Developed- Compatible for both EV & Non-EV Vehicles Electronic Steering Column Lock Ambient Air Pressure OFF/ LOCK Sensor Indication for Key Vehicle Location & Security Foldable Key e-PCV System (VLSS) CBS for Roll Over Tyre Pressure Motorcycles Valve Monitoring Sensor (TPMS)
Slide 11: Products Supplied to EVs – Two Wheelers
Products Supplied to EVs 2 Wheelers Booma Innovative Anav 1200 450 X Zeal Magnus D15 I Qube Smart Seat Flap door Products Lock Latch Lock 4 in1 lock Plastic Mirror Ignition Cam Seat Seat Lock Components Assembly Lock Lock 10 All Rights Reserved @ Sandhar 2022
Slide 12: Products Supplied to EVs – Commercial Vehicles
Products Supplied to EVs Commercial Vehicles Alfa E mini Treo Yari Treo Zor ACE EV Mirror Assembly Products Key-set Assembly 11 All Rights Reserved @ Sandhar 2022
Slide 13: Expected Timeline of New EV Products
Expected Timeline of New EV Products Development Status Product Performance Proto Readiness Product Validation iCAT approval Validation Hub Motor Dec’22 Feb’23 Jun’23 July’23 Mid Drive Motor Done Nov’22 Mar’23 Apr’23 (With Konmos) Motor Controller Dec’22 Nov’22 -Dec’22 Mar’23 – Apr’23 Mar’23 – Apr’2
Slide 14: Segment wise Revenue Share - H1 FY 2022-23
Segment wise Revenue* Share (₹ 1421 Crs.) - H1 FY 2022-23 13 *Revenue from operations excluding other income. All Rights Reserved @ Sandhar 2022
Slide 15: Segment wise Revenue Share - Q2 FY 2022-23
Segment wise Revenue* Share (₹ 746 Crs.) - Q2 FY 2022-23 2W 44-W W CV, OHV CV&&OHV Other ₹ 435 Crs. – 58% ₹ 156 Crs. – 21% ₹ 155 Crs. – 21% 14 *Revenue from operations excluding other income. All Rights Reserved @ Sandhar 2022
Slide 16: Financial Information & Recent Updates
FINANCIAL INFORMATION & RECENT UPDATES 15
Slide 17: H1-FY 23 Financial Snapshot
H1-FY 23 Financial Snapshot (fig. in ₹ Crs.) Consolidated Standalone 38% 27% 41% 35% 32% 30% 34% 35% * PAT Inclusive of Other Comprehensive Income Losses (EBT) from New Projects in H1-23 is ₹ 7.97 Crs. Losses (EBT) from New Projects in H1-23 is ₹ 20.25 Crs. EBT after eliminating losses of new
Slide 18: Q2-FY 23 Financial Snapshot
Q2-FY 23 Financial Snapshot (fig. in ₹ Crs.) Consolidated Standalone GR Vs LY GR Vs Q1 GR Vs LY GR Vs Q1 GR Vs LY GR Vs Q1 GR Vs LY GR Vs Q1 21% 11% 1% 9% 18% 11% -1% 9% GR Vs LY GR Vs Q1 GR Vs LY GR Vs Q1 GR Vs LY GR Vs Q1 GR Vs LY GR Vs Q1 -29% 10% -29% 4% -23% 21% -20% 32% * PAT Inclusive of Othe
Slide 19: Profit & Loss Statement – Consolidated
Profit & Loss Statement – Consolidated (fig. in ₹ Crs) Particulars Q2 FY 23 Q2 FY 22 YoY (%) Q1 FY 23 QoQ (%) H1 FY23 H1 FY22 HoH(%) FY 22 Total Income 750.81 620.36 21.0% 678.09 10.7% 1428.90 1032.04 38% 2330.68 Expenses Cost of materials 480.37 372.67 28.9% 425.63 12.9% 906.00 603.17 50% 1415.84 L
Slide 20: Profit & Loss Statement – Standalone
Profit & Loss Statement – Standalone (fig. in ₹ Crs) Particulars Q2 FY 23 Q2 FY 22 YoY (%) Q1 FY 23 QoQ (%) H1 FY23 H1 FY22 HoH(%) FY 22 Total Income 634.03 538.05 17.8% 571.96 10.9% 1205.99 857.10 41% 1946.17 Expenses Cost of materials 439.97 358.14 22.8% 392.90 12.0% 832.87 564.89 47% 1308.71 Labo
Slide 21: Balance Sheet
Balance Sheet (fig in ₹ Crs) Consolidated Standalone Particulars 30-Sep-2022 31-Mar-22 30-Sep-2022 31-Mar-22 Application of Funds Gross Fixed assets 1,649 1,523 1,058 1,033 Less: Acc. Depreciation 508 453 383 343 Net Fixed assets with CWIP 1,142 1,070 675 690 Non-current investments 41 47 176 164 Ot
Slide 22: Cash Flow Statement
Cash Flow Statement (fig in ₹ Crs) Consolidated Standalone Particulars YTD Sep'22 Mar'22 YTD Sep'22 Mar'22 Cash Flows from Operating Activities Profit before tax 41 81 44 86 Depreciation and amortization expense 58 100 43 74 Other adjustments 19 29 9 8 Operating profit before working capital changes
Slide 23: Subsidiaries Performance
Subsidiaries Performance (fig in ₹ Crs.) 40% 2% 101% H1 FY 23 H1 FY 22 Growth H1 FY 23 H1 FY 22 Growth H1 FY 23 H1 FY 22 Growth Sandhar Barcelona 197.06 171.10 15% Sandhar Barcelona 22.23 21.76 2% Sandhar Barcelona* 5.13 6.26 -18% Sandhar Tooling 6.39 4.19 52% Sandhar Tooling 1.45 0.79 83% Sandhar T
Slide 24: Status of New Projects as on 30th September 2022
Status of New Projects as on 30th September 2022 Business Land & Building S. No. Name of Company Location SOP Products Project Status Division Status Domestic 1 Sandhar Technologies Limited Nalagarh, (HP) Jan-22 Leased Muffler and frame for two wheelers Dispatches started on 27th January 2022 Dispat
Slide 25: Sandhar Engineering Private Limited - Mysore Project
Sandhar Engineering Private Limited- Mysore Project Products Building 3D View Muffler Fuel Tank Swing Arm Frame 24 SOP:- Feb-23 All Rights Reserved @ Sandhar 2022
Slide 26: Sandhar Engineering - Mysore Project - Construction
Sandhar Engineering - Mysore Project - Construction 25 SOP:- Feb-23 All Rights Reserved @ Sandhar 2022
Slide 27: Sandhar Engineering Private Limited - Attibele Project
Sandhar Engineering Private Limited- Attibele Project Products Plant Inside View Muffler Frame 26 Dispatch Already Started All Rights Reserved @ Sandhar 2022
Slide 28: Surface Mount Technology (SMT Line) Project
Surface Mount Technology (SMT Line) Project Plant Inside View Product Printed Circuit Board Assembly (PCBA) PCBA-Applications Smart Handle Shark Fin Antenna Parking Sensor Electric Steering Lock USB Charger 27 SOP:- Jan-23 All Rights Reserved @ Sandhar 2022
Slide 29: Machining Project
Machining Project (fig in ₹ Crs) Highlights / New Developments Mysore – Project • Secured new business of Machining for Castings from TVSM on Job Work Basis. • 1st Year business value is expected to be ₹ 77 Crs with an assured margin (EBT) of 8 %. • The project will have a capital outlay of ₹ 75 Crs
Slide 30: Romania Project Construction Completed & Permits Awaited
Romania Project Construction Completed & Permits Awaited Major Products Supports Brackets Pivots SOP:- Dec-22 29 All Rights Reserved @ Sandhar 2022
Slide 31: Thank You
THANK YOU Sandhar Technologies Limited Corporate Office: Plot No. 13, Sector 44, Gurugram-122001, Haryana- India CIN: L74999DL1987PLC029553 Website: www.sandhargroup.com Email: investors@sandhar.in (For Retail Investors) Investors.relations@sandhar.in (For Institutional investors) 30
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