Wheels India Limited · NSE:WHEELS
Wheels India — Q2 FY2025 Earnings Presentation
21 slides from Wheels India's earnings presentation, October 2024
Slide 1: Wheels India Limited Investor Presentation Sep '24
Wheels India Limited Investor Presentation Sep ‘24 111
Slide 2: TSF Group Overview
TSF Group Overview • Companies part of the T S Santhanam family with lineage from the erstwhile TVS Group ~$2.7 Bn. Consolidated Turnover FY22 • Diversified portfolio across Auto components, Dealerships & Distribution and Financial 1936 services Since 15 36+ Business • Global supply chain partner wi
Slide 3: TSF Group Companies
TSF Group Companies TSF Group Auto Components Auto Distribution & Dealerships Finance and Insurance Brakes India Sundaram Finance India Motor Parts & Accessories Wheels India Limited Royal Sundaram General Insurance Turbo Energy Sundaram Motors Sundaram Home Finance Axles India Madras Auto Sundaram
Slide 4: Promoters & Value system of TSF
Promoters & Value system of TSF Wheels India Limited (WIL) is part of the TSF Group and was established in 1960 WIL is a listed Company, wherein Promoters hold 58.73 % of the equity capital . Value systems of WIL are Relationships, Integrity , Customer Centricity and Excellence . 4
Slide 5: Wheels India Ltd - Company Profile
Wheels India Ltd - Company Profile Tractor & Earth mover wheels Automotive - Steel & Aluminium Wheels 1960 Establishment Components for Wind Turbines Air suspension & Lift axles ~8,000 Workforce Fab Sector Hydraulic Cylinders 10 Units Manufacturing plants $ 530 Million $ 120 Million (Exports) WIL Ca
Slide 6: Journey of Wheels
Journey of Wheels WIL RENEWABLE CAST ALLOY ESTABLISHED CHASSIS AND ENERGY WHEELS PLANT, AT PADI, CONSTRUCTION EARTHMOVER FORGED SUSPENSION COMPONENTS, THERVOY CHENNAI, PASSENGER EQUIPMENT WHEELS ALLUMINIUM PRODUCTS IRUNGATTUKOTT KANDIGAI, TAMIL NADU CAR WHEELS WHEELS – - 1996 WHEELS PADI - 1986 AI-
Slide 7: Manufacturing Capability
Manufacturing Capability Passenger Car / UV Car / UV Wire Wheels CV – Tube type Commercial Vehicle CV - Tubeless Forged Aluminium Wheels Aluminium Wheels Cast Aluminium Wheels Off Road & Tractor Wheels Tractor Construction wheels Air Air Suspension Suspension Lift Axles Fab & Fabrication for CE Hydr
Slide 8: Plant Locations
Plant Locations Padi - CV, TR, LP, EM, AS, WW & Rampur - CV , LP , EM & TR Pune - CV, TR & LP Sriperumbudur - EM, SPDC & FAW AS Namachivayapuram - FAB Pukkathurai - WTC Mambakkam - AS Thervoy Kandigai - CAW Legend CV Commercial Vehicles TR Tractor LP Light Passenger Vehicle EM Earth mover Wheels AS
Slide 9: Key Customers
key Custones a a) re) @ @ FY end Kubota 2 alt Mahindra = JoHNDEERE A.wcco Swallow swWaRal € @ CAT wonnisy G) cred Ae) anew INDUSTRIAL JOHN DEERE \4@ MARUTI re rnd MS Suzi STP, Cp = Cg PSA +) PSLARIS GD HYUNDAI RENAULT NISSAN TOVOTA —— Mahindra a” el __ i) DAIMLER @scanw~ r=) SCHWARZMULLER ASHOKLeVLA
Slide 10: Accreditations/Awards
Accreditations/Awards Caterpillar Supplier Excellence Overall Performance award Award 2022 by MSIL ISO 14001: 2015 & ISO 9001:2015 CERTIFICATION ISO 45001:2018 Certification 10
Slide 11: Accreditations/Awards contd…
Accreditations/Awards contd… Eicher Special award for Won the Supplier of the year contribution in supply chain 2024 award at TAFE IATF 16949 Certification 11
Slide 12: Business Overview
Business Overview WIL a leader in automotive wheels business , operates in two business segments , namely automotive products and industrial products . WIL has the following businesses in its fold ; Automotive wheels division – cars, truck and tractors Construction equipment division comprising
Slide 13: Sales growth & Export Sales Growth
Sales growth & Export Sales Growth Values in INR Cr Sales 4619.03 4355.56 3701.07 2215.94 Q2 2024-25 2020-21 2021-22 2022-23 2023-24 Sales 1085.33 Export 258.54 Export sales (23.82%) 1215.91 H1 2024-25 1000.65 976.20 Sales 2173.53 Exports 517.98 (23.83%) 566.01 25.54% 27.04% 22.41% 26.32% 2020-21 20
Slide 14: Q2 FY25 Summary Financials
Q2 FY25 Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% Q2 FY 25 Q2 FY 24 31-03-2024 Gross revenues 1,085.33 1,189.28 4,619.03 -8.7% EBITDA 77.55 53.08 276.35 46.1% Interest 27.50 26.87 108.48 2.3% Depreciation 20.70 19.76 78.85 4.8% PBT 29.35 6.45 89.02 355.0%
Slide 15: H1 FY25 Summary Financials
H1 FY25 Summary Financials Values in INR Cr / % Quarter ended Year ended Key Financials GOLY% H1 FY 25 H1 FY 24 31-03-2024 Gross revenues 2,173.53 2,322.30 4,619.03 -6.4% EBITDA 157.03 116.87 276.35 34.4% Interest 53.48 54.72 108.48 -2.3% Depreciation 41.27 38.73 78.85 6.6% PBT 62.28 23.42 89.02 165
Slide 16: Segment Revenue – Q2 FY25
Segment Revenue – Q2 FY25 Values in INR Cr / % Segmental Revenue Q2 FY 25 Q2 FY 24 23-24 GOLY % Automotive components 874 986 3,783 -11% Industrial components 210 198 824 6% Revenue from operations 1,084 1,184 4,607 -8% Segmental EBIT Q2 FY 25 Q2 FY 24 23-24 GOLY % Automotive components 41.07 33.45
Slide 17: Segment Revenue – H1 FY25
Segment Revenue – H1 FY25 Values in INR Cr / % Segmental Revenue H1 FY 25 H1 FY 24 23-24 GOLY % Automotive components 1,765 1,914 3,783 -8% Industrial components 401 399 824 1% Revenue from operations 2,166 2,313 4,607 -6% Segmental EBIT H1 FY 25 H1 FY 24 23-24 GOLY % Automotive components 101.24 71
Slide 18: Capex
Capex Values in INR Cr 225.00 148.13 141.53 129.63 111.86 2020-21 2021-22 2022-23 2023-24 2024-25 Estimated Capex FY24 Capex in FY25 will go towards expansion of machining capacity of large wind mill castings, hydraulic cylinders, Agri wheels & Aluminium wheels apart from funding cost reduction proj
Slide 19: Funding metrics
Funding metrics Values in INR Cr/Percentage DEBT Debt Equity 1.26 1.08 811.06 1.02 755.20 708.52 698.58 0.93 609.17 0.88 2020-21 2021-22 2022-23 2023-24 2024-25 H1 2020-21 2021-22 2022-23 2023-24 2024-25 H1 During FY 25 H1 debt has declined by Rs 10 crs Debt equity has dropped in FY25 H1 Debt to EBI
Slide 20: Key strategies & focus areas, going forward
Key strategies & focus areas, going forward …. ROCE & RONW Percentage Grow exports of off-the- road wheels ( agri & construction ) Ramp-up the expanded facility for machining of large castings Grow the hydraulic cylinder business Ramp-up cast aluminium wheel business • Working capital optimi
Slide 21: Thank you
Thank you 21