Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q1 FY2020 Earnings Presentation
28 slides from Ppap Automotive's earnings presentation, Aug 12, 2019
Slide 1: Exchange cover letter: Analysts and Investors Presentation
PPAP Automotive Limited CIN No. L74899DL1995PLC073281 B-206A, Phase-II, Noida - 201305, Uttar Pradesh, India Tel: +91-120-2462552/53, Fax: +91-120-2461371 Email: info@ppapco.com, 'Website: www.ppapco.in 12thAugust, 2019 The Listing Depa7m t The Listing Department BSELimited The National Stock Exchan
Slide 2: Investor Presentation August 2019
Investor Presentation AUGUST 2019 PPAP Automotive Limited TAKING CHALLENGES, TOGETHER
Slide 3: Quarterly Financial Highlights (Qtr on Qtr)
QUARTERLY FINANCIAL HIGHLIGHTS (QTR ON QTR) ………. ………. Revenue from Operations 99.69 99.13 92.05 • Revenue from Operations at 92.05 cr and Part Sales at 88.44 cr • PAT at ₹ 5.76 cr , 6.3% of Sales - 0.66 0.79 3.66 5.39 • EBITDA at ₹15.24 cr, 16.6% of Sales 2.83 • EPS stood at ₹ 4.11 • Started supplie
Slide 4: Our Evolution
OUR ……….EVOLUTION ………. Our Mission “TO BE A GLOBAL COMPANY WITH AN INSPIRING WORK CULTURE FOR SERVING CUSTOMERS AND THE SOCIETY BY EXCEEDING THE EXPECTATIONS OF ALL ITS STAKEHOLDERS” Certification of ISO 50001 Established owned Incorporation of Technological tie up with Certification of TS 16949 Add
Slide 5: Who We Are
WHO ……….WE ARE ………. • Over 30 years of experience in Automotive Industry Rich Legacy • Identified as India’s leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts • Integrated operations from Print to Build Market Leadership • One stop shop for full range of Autom
Slide 6: Key Management
KEY ……….MANAGEMENT ………. Mr. Ajay Kumar Jain, Chairman & Managing Director Bachelor of Commerce from Shri Ram College of Commerce, Delhi University Associated with the Company since inception with experience of over 40 years in polymer processing industry and over 30 years in the automotive industry
Slide 7: Technology Partners
TECHNOLOGY ………. PARTNERS ………. NISSEN CHEMITEC CORPORATION, JAPAN TOKAI KOGYO CO. LTD., JAPAN Established: 1951 Established: 1947 Global Presence: USA, Thailand, Indonesia, Global Presence: USA, Thailand, Indonesia, Singapore China, Mexico, Vietnam AUTOMOTIVE EXTERIOR & SEALING PRODUCTS AUTOMOTIVE IN
Slide 8: Core Strengths
CORE ………. STRENGTHS ………. Leadership Position Strong Customer Base Strong R&D Facilities India’s leading manufacturer Leading OEM manufacturers in Capability from Design to Print of Automotive Sealing Systems Indian Market are customers State-of-the-art Access to Global Technology Healthy Financials
Slide 9: Strategic Growth Levers
STRATEGIC ………. GROWTH LEVERS ………. •Improve OEE (Overall Equipment Efficiency) Optimum utilization of Assets •International benchmarking •Our mantra “Every Paisa Counts” •Focus on cost optimization & operating leverage Continuous Improvement Levers of Optimization of sustainable of Operational Invest
Slide 10: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. ROOF MOULDING GLASS RUN CHANNEL INNER BELT BACK DOOR / TRUNK MOULDING SEAL - PRODUCTS WINDSHIELD MADE BY PTI (JV) TRIM DOOR OPENING - PRODUCTS MADE BY PTI (JV) AIR SPOILER OUTER BELT BLACK / BRIGHT DOOR OPENING SEAL - PRODUCTS MADE BY PT
Slide 11: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. UNDER HOOD PRODUCTS FR-PILLAR CTR-PILLAR RR-PILLAR PARTITION REAR TRAY LINING RR PANEL SIDE PROTECTORS TRUNK LINING IN CABIN PRODUCTS FENDER INNER DOOR LINING SPLASH GUARD 9
Slide 12: Pan India Presence
PAN ……….INDIA PRESENCE ………. 7 Plants 4 Locations 2 JV Plants EXTRUSION FACILITIES Noida, Uttar Pradesh (Plant I & II) Vallam Vadagal, Tamil Nadu (Plant V) 3 1 Viramgam, Gujarat 1 (Plant VII) INJECTION FACILITIES Surajpur, Uttar Pradesh 1 2 (Plant III) Pathredi, Rajasthan (Plant IV) Viramgam, Gujarat
Slide 13: Customer Base & Export Countries
CUSTOMER ………. BASE & EXPORT COUNTRIES ………. CKD EXPORTS JAPAN USA Brazil Mexico Venezuela Thailand United Kingdom South Africa Argentina 11
Slide 14: Customer Base: Our Presence in New Models
CUSTOMER ………. BASE OUR PRESENCE IN NEW MODELS ………. CUSTOMER CONTRIBUTION TWO WHEELER, HYUNDAI, 0.1% 1.3% OTHERS , 3.8% TATA, 2.5% TKML, 5.2% MSIL, 41.0% NISSAN , 7.3% Glanza HCIL, 25.9% SMG, 13.1% Suzuki Motorcycle Gixxer 250 12
Slide 15: Competitive Edge – State of the Art Manufacturing Facility
COMPETITIVE ………. EDGE – STATE OF THE ART MANUFACTURING FACILITY ………. PPAP’s Plastic Rubber Injection Engineering Extrusion Extrusion Molding Expertise EPDM & TPV MATERIAL PP / ABS / POM PVC / TPO / PP MATERIAL 2 Location: 3 Locations: 4 Locations; 11 Extrusion Lines 2 EPDM extrusion lines,1 TPV 41 M
Slide 16: Plastic Extrusion Plant and Injection Molding Plant
CONTD…… ………. ………. Plastic Extrusion Plant Injection Molding Plant 14
Slide 17: Customer Appreciation - Accolades
CUSTOMER APPRECIATION - ACCOLADES ………. ………. ACCOLADES PRODUCTIVITY (SME)- THE MACHINIST SUPER SHOPFLOOR AWARDS 2018 ZERO DEFECT SUPPLIES - TOYOTA KIRLOSKAR ACHIEVING TARGETS IN QUALITY - TOYOTA KIRLOSKAR APPRECIATION AWARD - HYUNDAI MOTOR INDIA LIMITED FIRST RUNNER UP AWARD IN NATIONAL LEVEL QUALITY
Slide 18: Summary
SUMMARY ………. ………. 140.00 127.62 118.64 120.00 22.5% 99.69 99.13 100.00 20.4% 19.9% 93.52 92.05 17.6% 17.4% 80.00 17.1% 16.6% • Revenue from Operations stood at ₹ 92.05 ₹ Cr. cr in Q1FY20 v/s ₹ 99.69 cr in Q1FY19 15.1% 60.00 13.7% 11.0% 11.1% 40.00 10.4% 9.8% 9.8% 8.9% 7.1% 20.00 6.4% 6.3% - Q4FY18 Q
Slide 19: Major Expenses (₹ Cr.)
MAJOR ………. EXPENSES (₹ Cr.) ………. Materials Employee Benefits 19.2% 53.5% 18.5% 18.3% 51.9% 51.3% 52.0% 51.7% 17.4% 49.7% 15.6% 14.1% 68.28 49.54 61.52 47.99 51.50 47.61 17.94 17.33 18.56 17.28 18.15 17.66 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Value % to
Slide 20: Interest & Earnings (₹ Cr.)
INTEREST ………. & EARNINGS (₹ Cr.) ………. INTEREST EBITDA 22.5% 19.9% 20.4% 17.1% 17.4% 16.6% 1.0% 1.1% 0.9% 0.9% 0.8% 0.7% 0.99 1.05 1.31 0.84 0.85 0.65 28.68 19.88 24.15 15.96 17.21 15.24 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Value % to Revenue Value % to
Slide 21: EPS, Book Value, Market Capitalization (BSE)
EPS, ……….BOOK VALUE, MARKET CAPITALIZATION (BSE) ………. EPS 10.06 Consolidated EPS ( ₹ ) Net Worth 214.91 210.79 204.08 202.97 8.26 198.97 192.65 6.32 5.04 4.24 4.11 269.71 278.56 285.72 284.15 295.11 300.87 26.72 28.81 30.49 28.89 23.87 21.66 6.50 5.26 4.15 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q
Slide 22: Key Ratios
KEY ……….RATIOS ………. Net Worth Working Capital 29.9% 55.22 53.14 53.65 51.07 49.03 43.25 20.9% 22.0% 17.4% 16.2% 12.7% 13.7% 12.2% 11.3% 9.6% 8.4% 7.7% 269.71 278.56 285.72 284.15 295.11 300.87 55.64 58.05 56.23 50.24 62.18 54.12 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q4FY19 Q1FY20 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q
Slide 23: Financial Performance Snapshot (FY2015 – FY2019)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY2015 – FY2019) ( ₹ Cr.) ………. Revenue from Operations 397.62 410.98 318.50 302.75 345.01 EBITDA 21.3% 6.82 2.65 18.8% 15.54 4.16 39.86 19.3% 0.15 2.33 30.44 17.2% 35.12 7.81 12.7% 388.62 355.12 292.61 310.41 283.23 40.36 52.06 66.61 84.88 77.20 FY 2015 FY 2016 F
Slide 24: Financial Performance Snapshot (FY2015 – FY2019)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY2015 – FY2019) (₹ Cr.) ………. Fixed Assets (Gross Block) 224.27 272.12 313.34 195.53 Working Capital 2.3 65.48 11.83 12.10 50.19 51.07 55.22 3.18 10.48 47.81 0.45 8.50 7.68 298.94 62.18 54.31 55.64 249.81 47.44 212.59 41.72 187.4 FY 2016 FY 2017 FY 2018 FY 2019 F
Slide 25: Consolidated Financial Snapshot (FY2016 – FY2019)
CONSOLIDATED ………. FINANCIAL SNAPSHOT (FY2016 – FY2019) (₹ Cr.) ………. 23
Slide 26: Shareholding Pattern as on 30th June, 2019
SHAREHOLDING PATTERN AS ON 30TH JUNE, 2019 ………. ………. 0.7% 2.6% 1.6% Promoter 9.0% Individual Bodies Corporation 22.1% Foreign Corporation 64.0% Foreign Portfolio Investor (Corporate) Others MARKET CAPITALIZATION (BSE) ₹ 314.37 CRS. 24
Slide 27: Safe Harbor
SAFE ………. HARBOR ………. Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially f
Slide 28: Thank You
For further information please contact: Mrs. Sonia Bhandari PPAP Automotive Limited Ph: +91 120 2462552 / 53 Email: investorservice@ppapco.com Mr. Gaurav Girdhar THANK YOU Concept Investor Relations Ph: +91 7798232425, +91 022 40558934 Email: gaurav.g@conceptpr.com