Schaeffler India Ltd · NSE:SCHAEFFLER
Schaeffler India — Q2 2021 Earnings Presentation
16 slides from Schaeffler India's earnings presentation, Jul 22, 2021
Slide 1: Schaeffler India Limited Investor Presentation – Q2/6M 2021
Schaeffler India Limited Investor Presentation – Q2/6M 2021 July 22, 2021 All rights reserved to Schaeffler AG, in particular in case of grant of an IP right.
Slide 2: Agenda
Agenda 1 Industry & economy 2 Q2 / 6M 2021 Highlights July 22, 2021 Schaeffler India Limited | Q2 / 6M 2021 Investor Presentation All rights reserved to Schaeffler AG, in particular in case of grant of an IP right. 2
Slide 3: Economy | Illusive double-digit growth
1 Industry & economy Economy | Illusive double-digit growth GDP growth rate at constant prices - CY IIP Growth % (YoY) IIP Index Key messages GDP-$bn 134.0% GDP Growth Q2-20 Q1-21 %Q2-21(FC) (YoY) 1) May-20 March-21 May-21 362 523 429 90 146 117 29.0% CY21, India’s GDP is expected to 18.5% 4.5% 22.4
Slide 4: Core sector performance | Recovery hampered due to Covid-19 wave 2
1 Industry & economy Core sector performance | Recovery hampered due to Covid-19 wave 2 Key messages 2020 2021 Cement: YTD production was 30% 1 higher than the corresponding Cement Production (mn T) Steel Production (mn T) period of 2020. 33 30 31 29 11 11 31 31 24 10 10 10 27 28 25 26 24 24 25 10 1
Slide 5: Automotive production | Quarter impacted by Covid-19 wave 2
1 Industry & economy Automotive production | Quarter impacted by Covid-19 wave 2 Key messages 2020 2021 Passenger vehicles (Th Units) 1) Commercial vehicles (Th Units) 1) PVs: On QoQ basis, production 1 contracted by 27% 374 350 331 331 296 Y2020 Y2021 growth 341 78 328 315 316 69 957 1825 91% 299 2
Slide 6: Agenda
Agenda 1 Industry & economy 2 Q2 / 6M 2021 Highlights July 22, 2021 Schaeffler India Limited | Q2 / 6M 2021 Investor Presentation All rights reserved to Schaeffler AG, in particular in case of grant of an IP right. 6
Slide 7: Continue to exercise utmost caution against COVID19
2 Q2 / 6M 2021 Highlights Continue to exercise utmost caution against COVID19 • > 75% employees vaccinated • All plants and warehouses working as per local government regulations Prevent Support Motivate • Stringent Covid19 safety • Vaccination camps in factories • Messaging through videos & protoco
Slide 8: Q2 2021 | Continued growth momentum
2 Q2 / 6M 2021 Highlights Q2 2021 | Continued growth momentum Key Messages Sales in Q2 EBIT in Q2 180.9% vs Q2’20 330.9% vs Q2’20 Continue to effectively manage Covid-19 situation with all- round focus on Employee Health & Safety -6.4% vs Q1’21 -6.1% vs Q1’21 12,329 mn INR 1,604 mn INR Secured key b
Slide 9: Key business developments Q2
2 Q2 / 6M 2021 Highlights Key business developments Q2 Industrial Automotive Technologies Automotive Aftermarket Precision and Efficiency Reliability and emission reduction Increased market coverage Largest split spherical roller bearing Key wins in CV and Tractor segment for Expansion of product ra
Slide 10: Revenue from operations | Strong performance
2 Q2 / 6M 2021 Highlights Revenue from operations | Strong performance Total revenue 2020 2021 Key aspects mn INR 13,168 12,738 12,329 11,207 • Q2 sales out-performed the market in all business areas 9,285 • Better sales mix – high exports 4,389 • All plants performing at normal capacity level Q1 Q2
Slide 11: Earnings Quality | Improved
2 Q2 / 6M 2021 Highlights Earnings Quality | Improved EBIT %Margin 2020 2021 Key aspects mn INR 1,708 1,604 1,417 1,806 • Strong operational performance and countermeasures led to sustained 1,806 EBIT margin 934 • Earnings quality improved 10.1% 13% 13% (695) Q1 -15.8% Q2 Q3 Q4 YoY 82.8% 330.9% grow
Slide 12: Working Capital, Capex | Continued focus
2 Q2 / 6M 2021 Highlights Working Capital, Capex | Continued focus Working Capital 2020 2021 Key aspects mn INR 8,341 8,713 8,383 7,148 6,485 6,358 • Focused working capital management • Judicious capex spending • Negative Free Cash Flow – one time Q1 Q2 Q3 Q4 % to sales 3M’20 3M’21 6M’20 6M’21 (LTM
Slide 13: Performance Indicators
2 Q2 / 6M 2021 Highlights Performance Indicators Unit Q2 2021 Q1 2021 Q2 2020 6M 2021 6M 2020 12M 2020 12M 2019 Revenue mn INR 12,329 13,168 4,389 25,497 13,674 37,619 43,606 Revenue growth (YoY) % 180.9% 41.8% -60.7% 86.5% -40.3% -13.7% -4.4% Revenue growth (QoQ) % -6.4% 3.4% -52.7% EBITDA mn INR 2
Slide 14: Conclusion & Outlook
2 Q2 / 6M 2021 Highlights Conclusion & Outlook 1 Performance sustained during the quarter despite Covid19 wave 2 and commodity cost hurdles 2 Sustained operational performance across all our plants, normal capacity utilization Continue to remain agile while closely monitoring the market situation an
Slide 15: Disclaimer
Disclaimer The information contained in this presentation is provided by Schaeffler India Limited (“the Company”), to you solely for your reference. This document is being given solely for your information and for your use and may not be retained by you and neither this presentation nor any part the
Slide 16: Thank you for your attention
Thank you for your attention July 22, 2021 Schaeffler India Limited | Q2 / 6M 2021 Investor Presentation All rights reserved to Schaeffler AG, in particular in case of grant of an IP right. 16