Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — Motherson Sumi Systems — Q1 FY2021 Earnings Presentation
22 slides from Samvardhana Motherson International's earnings presentation, Aug 11, 2020
Slide 1: Exchange filing cover letter for Q1 FY21 results
motherson ad August I I, 2020 National Stock Exchange orlndia Limited BSE Umited Exchange Plaza, 5th Floor I st FlooriNew Trading Ring Plot No.Cl I, G-Block Rotunda Building Bandra-Kurla Complex P.J. Towers, Dalal Street Bandra (E) Fort MUMBAI -400051, India MUMBAI -40000 I, India Scrip Code: MOTHER
Slide 2: Motherson Sumi Systems Ltd. Financial Performance Q1 FY 2020-21
Proud to be part of. Motherson Sumi Systems Ltd. (MSSL) Financial Performance Q1 FY 2020-21
Slide 3: Agenda
• Key Highlights • Results Q1 FY20 vs Q1 FY21 • Debt status • Status of reorganisation • Appendix : Financial Highlights- Subsidiaries / JVs of SAMIL
Slide 4: Highlights - Capacity utilisation
Highlights. <25% 25% to 50% 50% to 75% > 75% Motherson weathers COVID storm, production picked up in Americas Europe + Middle East + Africa June 20 with stronger demand sighted for Quarter 2 , 0% 4% High level of liquidity maintained. 10% • Q1FY21 results are severely impacted by COVID 19 pandemic,
Slide 5: Results Q1 FY20 vs Q1 FY21
• Key Highlights • Results Q1 FY20 vs Q1 FY21 • Debt status • Status of reorganisation • Appendix : Financial Highlights- Subsidiaries / JVs of SAMIL
Slide 6: MSSL Consolidated: Q1FY20 vs Q1FY21
MSSL Consolidated : Q1FY20 vs Q1FY21. (Rs in Crores) Revenues*. EBITDA. 1,303 16,691 8,431 (585) Q1 FY 2019-20 Q1 FY 2020-21 Q1 FY 2019-20 Q1 FY 2020-21 The results for Q1 FY’21 are not comparable with PAT (Concern Share). the previous quarters due to the reasons mentioned in slide 3. 332 • Various
Slide 7: MSSL Standalone: Q1FY20 vs Q1FY21
MSSL Standalone : Q1FY20 vs Q1FY21. (Rs in Crores) Revenues*. EBITDA. 1,827 281 1,546 329 Exports 431 Domestic 132 (103) 299 Q1 FY 2019-20 Q1 FY 2020-21 Q1 FY 2019-20 Q1 FY 2020-21 PAT. • Owing to an unprecedented global pandemic of COVID-19 and lockdown stipulated by the government, it was a unique
Slide 8: SMRPBV (In Euro Terms): Q1FY20 vs Q1FY21
SMRPBV (In Euro Terms**) : Q1FY20 vs Q1FY21. (In Million Euros) Revenues**. EBITDA. € 1,482 € 1,482 € 731 € 71 -175% Revenue € 731 € -53 Q1 FY 2019-20 Q1 FY 2020-21 Q1 FY 2019-20 Q1 FY 2020-21 • Q1 FY 19-20 results severally impacted , PAT (Concern Share). hence not comparable with previous quarters
Slide 9: SMR & SMP (In Euro Terms): Q1FY20 vs Q1FY21
SMR & SMP (In Euro Terms**) : Q1FY20 vs Q1FY21. (In Million Euros) SMR Revenues**. SMR EBITDA. -55% € 45 €403 Revenue €180 € -5 Q1 FY 2019-20 Q1 FY 2020-21 Q1 FY 2019-20 Q1 FY 2020-21 SMP Revenues**. SMP EBITDA. € -259% 1,079 € 29 € 551 € -46 Q1 FY 2019-20 Q1 FY 2020-21 Q1 FY 2019-20 Q1 FY 2020-21 8
Slide 10: Focused Measures at Greenfield Plants taken to improve performance in FY21
Focused Measures at Greenfield Plants taken to improve performance in FY21 Key Improvements Undertaken - Tuscaloosa Financial Performance of Greenfield Plants Quality Control (€ Mn) • Rejections from paint shop / injection moulding, line stoppages, delays in customer deliveries significantly reduced
Slide 11: PKC (In Euro Terms): Q1FY20 vs Q1FY21
PKC (In Euro Terms**) : Q1FY20 vs Q1FY21. (In Million Euros) Revenues**. € 329 EBITDA. € 175 € 33 -121% € -7 Q1 FY 2019-20 Q1 FY 2020-21 Q1 FY 2019-20 Q1 FY 2020-21 PAT (Concern Share). • The commercial vehicles segment in China showed € 16 very good recovery during the quarter. However, most of the
Slide 12: Debt status
• Key Highlights • Results Q1 FY20 vs Q1 FY21 • Debt status • Status of reorganisation • Appendix : Financial Highlights- Subsidiaries / JVs of SAMIL
Slide 13: Net Debt
A. Net Debt. 30.06.2019 31.03.2020 30.06.2020 Rs. In Crores Standalone Consolidated Standalone Consolidated Standalone Consolidated Gross Debt 1,191 11,866 1,419 11,790 1,692 13,218 Cash & Bank 261 3,491 230 4,873 232 4,135 Net Debt 930 8,375 1,189 6,917 1,460 9,083 Standalone 8,375 9,083 Consolidat
Slide 14: Liquidity: Strong Position
Liquidity : Strong Position. Total Liquidity : Rs. 10,530 crores Total Liquidity : Rs. 10,037 crores 5,902 5,658 567 640 4,873 4,135 1,191 1,282 4,565 (Rs. In crores) (Rs. In crores) 4,496 3,451 2,621 522 770 - 231 - 232 Undrawn limits Cash and bank balance Undrawn limits Cash and bank balance Stand
Slide 15: Reference Rates, Notes & Safe Harbor
Reference Rates, Notes & Safe Harbor. Copper Rates. Notes. 1. This presentation has been prepared from the unaudited Average Q1 2019-20 Q1 2020-21 % Change financial results for the quarter ended on 30th June 2020. LME Copper (USD / MT ) 6,114 5,341 (12.6%) Explanatory notes have been added with add
Slide 16: Status of reorganisation
• Key Highlights • Results Q1 FY20 vs Q1 FY21 • Debt status • Status of reorganisation • Appendix : Financial Highlights- Subsidiaries / JVs of SAMIL
Slide 17: Scheme Execution progressing as per plan
Scheme Execution progressing “as per plan” M o n t h s Jul Jan Aug Sep Oct Nov Dec Feb Mar Apr May Jun Jul 2020 2021 Board Approval Filing of scheme with BSE, NSE, SEBI * Receipt of BSE, NSE, SEBI approval On Filing with NCLT post SEBI approval time, Shareholders / creditors meeting NCLT / other reg
Slide 18: Thank you
motherson Thank you. Proud to be part of samvardhana motherson ll
Slide 19: Appendix: Financial Highlights - Subsidiaries / JVs of SAMIL
• Key Highlights • Results Q1 FY20 vs Q1 FY21 • Debt status • Status of reorganisation • Appendix : Financial Highlights*- Subsidiaries / JVs of SAMIL *as provided by Samvardhana Motherson International Ltd. (SAMIL)
Slide 20: Proforma Financials
Proforma Financials * 3 SAMIL Business (ex MSSL ex.SMRP BV) (INR Crores) Revenue EBITDA Net Debt 2735 2800 2004 1382 1297 Aggregate 1192 380 372 960 Basis 288 289 -12 FY 18 FY 19 FY 20 Q1FY21 FY 18 FY 19 FY 20 Q1FY21 FY 18 FY 19 FY 20 Q1FY21 2056 2044 1347 1233 1163 Proportionate 1458 942 Basis ** 2
Slide 21: Financial Metrics of Top Subsidiaries and JVs
Financial Metrics of Top Subsidiaries and JVs All amounts in INR Crores Name of the Company Revenue EBITDA (and %) ROCE (%) Product/ Service Stake Sub / JV Offerings (%) Year FY19 FY20 FY19 FY20 FY20 Modules and Marelli Motherson Automotive Lighting India Pvt. Ltd JV 50% 712 868 125 170 33% Polymer
Slide 22: Thank you / Safe harbor
Thank you. Safe harbor The contents of this presentation are for informational purposes only and for the reader’s personal non-commercial use. The contents are intended, but not guaranteed, to be correct, complete, or absolutely accurate. This presentation may contain forward-looking statements base
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