Pavna Industries Limited · NSE:PAVNAIND
Pavna Industries — Q1 FY24 Earnings Presentation
32 slides from Pavna Industries's earnings presentation, Aug 22, 2023
Slide 1: Exchange filing cover letter
August 22, 2023 BSE Limited, The National Stock Exchange of India Limited New Trading Ring, ‘Exchange Plaza’ C-1, Block G, Rotunda Building, P.J. Towers, Bandra Kurla Complex, Bandra (E), Dalal Street, MUMBAI-400001 MUMBAI- 400 051 Scrip Code: 543915 NSE Symbol: PAVNAIND Sub: Investor Presentation f
Slide 2: Pavna Industries Limited Investor Presentation Q1 FY24
Pavna Industries Limited Investor Presentation Q1 FY24
Slide 3: Disclaimer
Disclaimer This presentation has been prepared by Pavna Industries Limited (the “Company”) solely for information purposes and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any
Slide 4: Contents
01 Company Overview CONTENTS 02 Business Overview 03 Industry Overview 04 Financial Highlights 05 Way Ahead 3
Slide 5: Company Overview
01 Company Overview
Slide 6: About Us
About Us Amongst leading manufacturers of Automotive Components for two & three wheeler industry Incorporated in 1971 by Mr. Pawan Jain About five decades of experience in Auto Components manufacturing for well-known OEMs Diversified Portfolio Switches, Fuel Tank Caps, Latches, Ultra-Modern Ma
Slide 7: Company Structure
Company Structure Holding Company: Pavna Industries Limited Aligarh (Uttar Pradesh), Pantnagar (Uttarakhand), Aurangabad (Maharashtra) Subsidiary Company: Subsidiary Company: Subsidiary Company: Pavna Marketing Pavna Auto Subsidiary Company: Pavna Sunworld Pvt. Ltd. Engineering Pvt. Ltd. Swapnil Swi
Slide 8: Journey So Far
Journey So Far EVAP Technology Inception of business developed and Joint venture with Acquired subsidiary for supply of die – Commences supply of ISO 18001:2010 Migrated to NSE implemented in Sunworld, Taiwan company Pavna Auto casting components Auto Locks to OEM’s certification Main Board and Fuel
Slide 9: Experienced and Professional Management
Experienced and Professional Management Mr. Swapnil Jain Vijay Sharma Ram Karan Malik (Managing Director) (Vice President) (Chief Technical Officer) More than two decades of 26 years of rich experience across 25+ years of experience in strategy and functions in Business diversified business de
Slide 10: Vision, Mission and Core Values
Factors Driving Company’s Growth OUR VISION OUR MISSION Build entrepreneurial organizations, making To retain and reinforce our position as leading Indian difference to society through creation of value manufacturer of automotive genuine spare parts, to meet aspirations of customers in domestic and
Slide 11: Key Strengths
Key Strengths Our success is attributed to teamwork, continuous R&D and commitment of every member of Company Best ‘Speed to Market’ in Industry Cost efficiency Updated technology Global scale of operations Product range and expansion lend scalability to operations Comprehensive CAD/CAM and product
Slide 12: Business Overview
02 Business Overview
Slide 13: Diverse Product Offerings
Diverse Product Offerings… Steering cum Ignition Switches For 2 Wheeler For 3 Wheeler For 4 Wheeler Steering cum Ignition Penta Lock Switch assembly with Bracket Fuel Tank Caps For 2 Wheeler For 3 Wheeler For LCV For Tractor 12
Slide 14: Diverse Product Offerings
…Diverse Product Offerings… Fuel Cocks & Pumps Engine Components Manual Fuel Cock Fuel Pump for 4 stroke Carburetor Throttle Body Water Pump Fuel Pump for 2 stroke Auto/ Vacuum fuel cock Casting Components Cover Megneto Grab Handle Coupling with Grab Handle Step Holder Clutch & Brake Cover Rear Spro
Slide 15: Diverse Product Offerings
…Diverse Product Offerings… Switches 12V Power Reverse Break Hazard Warning Head Lamp 12V Power Handle Bar USB Mobile Charger LH/RH Handle Bar Socket for 3 Wheeler Switch for 4 Leveling Switch Socket Switch for 3 for 3 Wheeler Switch for 2 Wheeler Wheeler for 4 Wheeler Wheeler Handle and Latches Out
Slide 16: Diverse Product Offerings
…Diverse Product Offerings… Automotive Electrical Products Steering cum Ignition Handle Bar Lever Side Stand LCM Light Magnet Termination Regulator Rectifier Ignition Lock Switch Switch LH & Assembly LH Sensor Control Holder Unit Unit Assembly RH & RH Accessories Wheel Lock Helmet Lock Disc Brake Lo
Slide 17: Diverse Product Offerings: New Arrivals
…Diverse Product Offerings New Arrivals Headlights Helmets Mirrors Horns Clutch Plate Control Cable Brake Shoe Blinkers Wire Harness Air Filters 16
Slide 18: State of Art Manufacturing Facilities
State of Art Manufacturing Facilities Total 9 units at 3 different locations: 6 units located at Aligarh • 2 manufacturing units and other units involved in assembly and marketing 2 units located at Aurangabad (Assembly Units) 1 unit located at Uttarakhand (Assembly Unit) Total capacity: 50
Slide 19: Geographical Presence
Geographical Presence Company has 9 facilities at 3 locations - Aligarh (Uttar Pradesh), Aurangabad (Maharashtra), & Pantnagar (Uttarakhand) Strategically located Distribution network in 17 states Distribution Network Manufacturing Plants & Offices 18
Slide 20: Marquee Clients
Piven Marquee Clients GROUP OF INDUSTRIES > ef 2 it 2 FH E BAJAJ Kawasaki BOUDA Mahindra TATA — esters Kiyhota 4 © Paks ovo rane neinouawo, GJPuccio RS ENFIELD FORCE INTERNATIONAL MOTORS + €é H @® e => — <> HINDUJATECH YObykes Sebros ATUL HIMETIC JOHN DEERE POLARIS AUTO LIMITED BIBREACONER Sino FARM
Slide 21: Industry Overview
03 Industry Overview
Slide 22: Industry Overview
Industry Overview Domestic Market Potential (US$ bn) Export Market Potential (US$ bn) 200.0 30.0 19.0 15.2 14.5 13.3 51.2 57.0 49.3 43.6 FY17 FY18 FY19 FY20 FY26E FY19 FY20 FY21 FY22 FY26E Share in Turnover of Auto Share of Export Components Industry (FY22) by Geography (FY22) 1.20% 12% 17.70% 31% E
Slide 23: Financial Highlights
04 Financial Highlights
Slide 24: Management Comment
Management Comment Commenting on the result, Mr. Swapnil Jain, Managing Director said- “While the reported revenue for this quarter declined by 6.10% as compared to the same period last year, it is important to understand the factors that have contributed to this change. In Q1 FY23, Pavna Goyam Auto
Slide 25: Q1 FY24 Financial Highlights
Q1 FY24 Financial Highlights Particulars (Rs. Cr.) Q1 FY24 Q1 FY23 Y-o-Y (%) Q4 FY23 Revenue from Operations 79.41 84.57 84.12 Other Operating Income 0.00 0.00 0.00 Total Income 79.41 84.57 (6.10%) 84.12 Total Raw Materials 52.32 55.09 48.04 Employee Cost 7.74 9.62 9.08 Other Expenses 11.01 15.02 13
Slide 26: Annual Financial Highlights
Annual Financial Highlights Particulars (Rs. Cr.) FY20 FY21 FY22 FY23 Revenue from Operations 179.69 219.41 315.61 362.22 Other Operating Income 0.00 0.00 0.00 0.00 Total Income 179.69 219.41 315.61 362.22 Total Raw Materials 106.36 138.77 201.84 231.87 Employee Cost 22.17 23.53 35.35 39.06 Other Ex
Slide 27: Financial Highlights
Financial Highlights Revenue from Operations ( Rs. Cr) 362.22 315.61 219.41 179.69 FY20 FY21 FY22 FY23 EBITDA (Rs. Cr)* PAT (Rs. Cr) 35 10 30 9 8 9.2 8.6 25 7 20 32.8 6 7.21 5 6.31 15 29.7 4 10 18.6 19.9 3 2 5 1 0 0 FY20 FY21 FY22 FY23 FY20 FY21 FY22 FY23 *excluding other income 26
Slide 28: Balance Sheet as on 31st March'23
Balance Sheet as on 31st March’23 As on As on As on As on As on As on As on As on Particulars (Rs. Cr) Particulars (Rs. Cr) Mar’20 Mar’21 Mar’22 Mar’23 Mar’20 Mar’21 Mar’22 Mar’23 Shareholders Funds 26.78 47.90 54.27 61.67 Non Current Assets 53.32 64.55 87.90 100.35 Share Capital 2.59 6.09* 6.09 12.
Slide 29: Balance Sheet Ratios
Balance Sheet Ratios Working Capital Days Debt to Equity 117 107 2.22 2.27 1.72 1.15 12 23 FY20 FY21 FY22 FY23 FY20 FY21* FY22 FY23** RoCE RoE 15.91% 17.13% 22.09% 14.55% 17.60% 13.01% 13.19% 11.97% FY20 FY21* FY22 FY23** FY20 FY21* FY22 FY23** RoCE = EBIT/(Shareholders Fund + Total Debt- Non Curren
Slide 30: Way Ahead
05 Way Ahead
Slide 31: Way Forward
Way Forward Key Focus Areas Improve operational efficiencies Margin expansion Gain in Market Share New Product Development Continued focus to keep adding new products in basket of products Developing Value Added products Export Opportunities Fully equipped manufacturing facilities of glo
Slide 32: Thank You
Thank You Company : Investor Relations Advisors : Pavna Industries Limited. Adfactors PR Pvt. Ltd. Ms. Mugdha Buchake Ms. Savli Mangle / Ms. Disha Shah finance@pavnagroup.com savli.mangle@adfactorspr.com disha.shah@adfactorspr.com www.pavna.in www.adfactorspr.com 31