Slide 1: Exchange filing cover letter
February 06, 2025 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: M
Slide 2: Minda Corporation Earnings Presentation February 2025
Minda Corporation EARNINGS PRESENTATION February 2025 w w w. s p a r k m i n d a . c o m
Slide 3: Minda at a Glance
Minda at a Glance A significant player in the global automotive industry for over six decades Vision ₹ 4,651 Cr ₹ 514 Cr 30 17,000+ Be a Dynamic, Innovative and Profitable global automotive FY24 Group Revenue FY24 EBITDA Manufacturing Plants Workforce organization to emerge as the preferred supplier
Slide 4: Indian Automotive Industry Performance
Indian Automotive Industry Performance Production Volumes in Millions Q3 FY25 Growth (Y-o-Y) 9M FY25 Growth (Y-o-Y) 6.6% 10.1% 8.0% 13.1% 7.81 23.97 7.33 21.77 5.92 18.04 5.48 15.94 2.5% 2.8% 12.1% (1.8%) (2.6)% 4.8% (5.6%) 4.1% 1.14 1.17 3.56 3.65 0.20 0.22 0.25 0.25 0.26 0.25 0.73 0.76 0.78 0.73 0
Slide 5: Bharat Mobility Show
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Slide 6: Q3 & 9M FY25 Business Performance
Q3 & 9M FY25 Business Performance Key Strategic Developments Q3 FY2025 9M FY2025 Quarterly Revenue of 1,253 crore, a growth of Revenue growth of 8.7% YoY despite challenging macro- 7.4% YoY economic scenario Highest ever EBITDA margin stood at 11.5% for Q3FY25, a growth of 32 Bps YoY EBITDA margin o
Slide 7: Strategic Partnership with Flash Electronics: Transaction Completed
Strategic Partnership with Flash Electronics : Transaction Completed Acquired 49% stake in leading manufacturer of Powertrain & EV Components Flash Electronics Flash Electronics is a leading manufacturer of Powertrain & EV Components to key automotive OEMs in India & overseas. Transaction Details: ✓
Slide 8: Q3 FY25 Financial Snapshot (YoY)
Key Performance Highlights Q3 FY25 Financial Snapshot (YoY) Operating Revenue EBITDA PBT PAT INR 1,253 crores INR 144 crores INR 90 crores INR 65 crores 7.4% YoY 10.5% YoY 19.2% YoY 23.5% YoY Gross Margin EBITDA Margin PBT Margin PAT Margin 38.4 % 11.5 % 7.2 % 5.1 % 66 Bps YoY 32 Bps YoY 67 Bps YoY
Slide 9: Q3 & 9M FY2025 Financial Highlights
Q3 & 9M FY2025 Financial Highlights Rs. In Crores Revenue EBITDA PAT YoY 7% YoY YoY 11% 23% 1,290 1,253 1,166 74 147 144 65 130 Q3 FY25 52 11.4% 11.5% 5.7% 5.1% 11.1% 4.5% Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 Q3 FY24 Q2 FY25 Q3 FY25 EBITDA EBITDA Margin (%) PAT PAT Margin (%) YoY YoY YoY
Slide 10: Business Vertical Performance
Business Vertical Performance Revenue Q3 and 9M FY2025 Rs. In Crores YoY YoY 6% 10% Mechatronics and Aftermarket: 1,821 Aftermarket and Others 639 608 1,663 576 • Strong demand in domestic 2W segment Mechatronics, and premiumisation of existing products contributed to the growth • Subdued Export dem
Slide 11: Revenue Break-Up 9M FY2025
Revenue Break-Up 9M FY2025 By Products By Geography By End Market SE Asia Europe & North America 5% 9M FY24 9M FY25 Others 13% 8% 2-3 Wheelers WH Clusters 33% 47% 47% 15% 9M 9M FY24 FY24 Die Casting Commercial Vehicles* 15% Vehicle India Access 24% 87% 28% 27% SE Asia Europe & North After Market Oth
Slide 12: CSR and ESG
CSR and ESG
Slide 13: ESG: Transforming Towards Sustainable Mobility
ESG Transforming Towards Sustainable Mobility Sustainable Responsible Care For People Ethical Business Inclusive Growth Operations Value Chain Submitted for the Science- 900+ youth trained on various Grievance redressal policy ~1,500 accessible and assistive The VFD-operated air Based Targets initia
Slide 14: Accolades
Accolades Honourable President of India Smt. Droupadi Murmu conferred Minda Corporation Limited has received the prestigious NCPEDP National Award to Minda Corporation Ltd for its marquee CSR Helen Keller Award 2024 for its commitment to inclusivity and Programme “SAKSHAM” under the category “Divyan
Slide 15: Corporate Social Responsibility
Corporate Social Responsibility Cycle 1 Convocation of first batch of Beauty & Wellness Eye camp at Aakarshan Center, Uttarakhand Convocation of Cycle 1 students of Noida students in Murbad, Maharashtra Aakarshan (Skill Center, Uttar Pradesh development & Livelihood Promotion Programme) CSR and Sust
Slide 16: Awards & Achievement Q3 FY2025
Awards & Achievement Q3 FY2025 Business Vertical – Business Vertical – Business Vertical 1 (Mechatronics, 2 (Information & DCD – won 32 – 5 (EME & Aftermarkets & Connected System Awards during SMGM) won 9 others division) division) won 63 Q3FY25 Awards during won 33 awards Awards during Q3 Q3FY25 du
Slide 17: Annexures
Annexures
Slide 18: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. Cr) Q3 FY25 Q3 FY24 YoY% Q2 FY25 QoQ% 9M FY25 9M FY24 YoY% Revenue from Operations 1,253 1,166 7.4% 1,290 (2.9)% 3,735 3,436 8.7% Raw Material 771 726 812 2331 2158 Employee Cost 200 186 193 580 549 Other Expenses 138 124 138 402 353 EBITDA 144 1
Slide 19: Historical Income Statement
Historical Income Statement Consolidated Particulars (INR Crores) FY21 FY22 FY23 FY24 9M FY25 Revenue from Operations 2,368 2,976 4,300 4,651 3,735 COGS 1,493 1,876 2,777 2,924 2,331 Gross Profit 875 1,100 1,523 1,727 1,404 Gross Profit Margin 36.9% 36.9% 35.4% 37.1% 37.6% EBITDA 217 295 461 514 422
Slide 20: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 21: Well Diversified Product Range
Well Diversified Product Range Expanding Core Verticals to Fuel Future Growth Driver 2W Information Vehicle System Access ADAS 4W iRAS Vehicle Sensor Access Starter Motor & Smart Alternator Electronics Sunroof & EV Mobility Power Lift ITS Gate 2W / 3W / 4W Fuel EV Motor EV Wiring Pump Housing Harnes
Slide 22: Strong Relationship With Marquee Customers Across Segments
Strong Relationship With Marquee Customers Across Segments 2-3-Wheeler Commercial & Off Highway Vehicles Passenger Vehicles Other Market Page 21
Slide 23: Leadership Team Driving Growth
Leadership Team Driving Growth Aakash Minda N.K. Modi Vinod Raheja D. Suresh Ajay Singhroha Executive Director ED & GCMO Group CFO Group CTO Group CHRO Responsible for 35yrs of experience in Over 30yrs of experience Over 27+yrs of global and do 24yrs+ of industry Group Marketing, Strategy, auto comp
Slide 24: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 25: Innovation & Engineering for New Age Solutions
Innovation & Engineering for New Age Solutions R&D Expenditure (% of Revenue) Engineering Capabilities 3.1% Electronics Hardware 1.4% 1.3% 1.4% FY21 FY22 FY23 FY24 Mechatronics Engineering Transforming from mechatronics to advance technology provider 2 7 290+ Advanced Engineering Engineering Centre
Slide 26: Business Segments
Business Segments Transforming Current Business Lines as per Technology Trends Vehicle Access Wiring Harness & Clusters, ADAS & Light Weight Die Casting EV Power Electronics Connectors Sensors & Interior Plastic Electrical Distribution Connected & Safe Light Weight & Connected & Safe Intelligent & S
Slide 27: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 28: Combined Solutions for EV
Combined Solutions for EV Motor EV Kit Value -2W EV Busbar Controller Unit Offered Products Kit Value HV Wiring Harness EV Traction By (in INR) Connection System Motor MCL • Off Board Battery Charger 12,000-15,000 • DC-DC Converter • Charging Gun DC-DC Converter • High Voltage Wiring Harness Telemat
Slide 29: Strategic Priorities To Deliver Strong Growth
Strategic Priorities To Deliver Strong Growth Focus On Innovation And Electric Vehicle Strengthening Enhancing The Core Technology Growth Opportunity Passenger Vehicle Offerings
Slide 30: Comprehensive Solutions for 4W
Comprehensive Solutions for 4W Around view Sunroof Digital Clusters Antenna Interior Plastics EGT Sensor Monitoring System Key Fob Electronic Steering System Power Lift & Cockpit Column Lock Gate System IC CPD DC DC Converter Speed Sensor High voltage wiring EVSE harness connection system Telematics
Slide 31: Comprehensive Solutions for Commercial Vehicle/Bus
Comprehensive Solutions for Commercial Vehicle/Bus Digital/TFT Cluster Air Vent Battery Cables EV Busbars Position Sensor Intelligent Transport System EGT Sensor Immobilizer Soot Module Sensor Die Castings Ignition Switch Cum Steering Lock Cylinder Head Cover Speed Sensor Fuse Box Plastic Oil Pan E
Slide 32: Disclaimer
Disclaimer This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business d