Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — H1 FY2024 Earnings Presentation
56 slides from Lumax Auto Technologies's earnings presentation, Sep 30, 2023
Slide 1: Lumax Auto Technologies Limited Investor Presentation – Q2 & H1 FY2024
Lumax Auto Technologies Limited Investor Presentation – Q2 & H1 FY2024
Slide 2: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 3: Lumax-DK Jain Group
LUMNX Lumax-DK Jain Group x LUMAX GROUP
Slide 4: DK Jain Group
DK Jain Group 3 R&D Centres 38 Seven Decade 1 Engineering Centre Manufacturing Strong 2 Design centres in Facilities Taiwan & Czech 01 02 03 04 05 06 14 Entities in 7 Leader in Over 12,000 States Automotive Lighting Employees 1 Overseas Entity Gear Shifters in Czech Republic Vehicle interior solutio
Slide 5: Two Listed Entities
Two Listed Entities Lumax Industries Limited Lumax Auto Technologies Limited Products & Services Products & Services End-to-end Automotive Integrated Plastic modules, 2-wheeler Chassis, 2/3- Lighting Solutions wheeler Lighting, Gear Shifters, Transmission Products, Emission systems, Transmission Pro
Slide 6: Our Group Purpose
Purpose, Vision & Values We deliver PRIDE and PROGRESS with Our POSITIVITY Group Purpose Respect Integrity Our Passion Values Excellence Building an ADMIRED HIGH PERFORMANCE Global Organisation in Our whom all stakeholders Vision have ABSOLUTE TRUST 6
Slide 7: Diversified Product Range – 4-wheelers
Diversified Product Range – 4-wheelers VEHICLE INTERIOR SYSTEMS & COMPONENTS 7
Slide 8: Diversified Product Range – 2-wheelers
Diversified Product Range – 2-wheelers 8
Slide 9: Diversified Product Range – Commercial Vehicles
Diversified Product Range – Commercial Vehicles VEHICLE INTERIOR SYSTEMS & COMPONENTS 9
Slide 10: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp Gear Shifter 10
Slide 11: 38 Locations close to Customers
38 Locations close to Customers State Plant # Bawal 2 Dharuhera 1 Haryana Gurugram 4 Manesar 4 Pune 10 Maharashtra Waluj 2 Nashik 1 Karnataka Bengaluru 4 Facilities Location Gurugram, Manesar, Gujarat Sanand & Mehsana 3 R&D Centre Pune Tamil Nadu Sriperumbudur 1 Engineering Pune Haridwar 1 Centre Ta
Slide 12: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Japan Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 Relationship Since 2008 JV for lighting, HVAC panels and JV for lighting and other JV for emission systems JV for gear shifters other electronics automotive pa
Slide 13: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 14: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 15: Lumax Auto Technologies Limited – Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 16: Competitive Strengths
Competitive Strengths Evolving with Our Partners Lumax Brand Customer Outreach Partnered with international Credible LUMAX Brand Strong OEM presence automotive Over 300 Channel Partners leaders to reinforce competitiveness Manufacturing Award Diversified Product R&D Centre Capabilities Portfolio • C
Slide 17: Milestone
Milestone 1981: Lumax Auto Electricals was 2013: Setup a plant at Narsapur, 2020: JV with Yokowo, Japan to manufacture established to manufacture 2-wheeler Karnataka to manufacture Moulded and supply Antennas and other vehicle Lighting at Bhosari, Maharashtra parts; Formed JV with Gill Austem commun
Slide 18: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 55% 100% 100% Lumax Cornaglia Lumax Mannoh Lumax Integrated Lumax Management Auto Technologies Allied Technologies Ventures Pvt Services Pvt Limited Pvt Limited Limited Limited* June 2007 July 2013 Jan 2015 May 1991 Management Air
Slide 19: Cater to Diversified Segments
Cater to Diversified Segments After Market Presence in all Segments o Lighting Module(incl. o Gear Shift Lever HL/TL/Indicators & o Integrated Plastic Others) o Gear Shift Tower Modules o Chassis for 2- o Control Housing o Gear Shift Lever wheelers o Seat Structures o Intake Systems o Fabricated par
Slide 20: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle 2/3 Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 20
Slide 21: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 8 No of Plants: 2 Integrated Plastic Modules Integrated Plastic Gear Shifters, Interior Systems & Products Modules components Products Telematics Products Urea Tank Transmission Products Oxygen Sensors, On-boa
Slide 22: Shareholding as of 30th September 2023
Shareholding as of 30th September 2023 Shareholding breakup Others 24.73% Institutions Promoters 19.29% 55.98% 22
Slide 23: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director He is 81 years of age & holds a MBA degree from He is 44 years of age & holds Bachelors in He is 48 years of age & is a Business Graduate Delhi university & has successfully complete
Slide 24: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Age: 73 years Age: 72 years Mechanical Engineer B.A. (Pol. Sc. Hons.) from Ravenshaw College, Cuttack He retired from SRF Group, has done various He is a retired Indian Revenue Service Officer with 38 programs including Execut
Slide 25: Professional & Experienced Team
Professional & Experienced Team Mr. Raju B Ketkale Mr. Sanjay Mehta Mr. Vikas Marwah Mr. Naval Khanna Mr. Ashish Dubey Mr. Sanjay Bhagat Group Head - Manufacturing & Director & Group CFO Chief Executive Officer Corporate Head – Chief Financial Officer Head After Market Corporate Planning Age: 56 yea
Slide 26: Financial Performance
LUMNX Financial Performance
Slide 27: Q2FY24 Product-wise Revenue Break-Up
Product-wise Revenue Break-Up 10% 8% 6% 7% 27% 13% Q2FY24* Q2FY23 47% 16% Rs. 487 Cr. Rs. 700 Cr. 5% 8% 7% 19% 14% 14% Intergrated Plastic Modules Fabrication Shifter Others After Market Lighting Emission *Q2FY24 Includes Revenue from IAC India of Rs 218 crs 27
Slide 28: H1 FY24 Product-wise Revenue Break-Up
Product-wise Revenue Break-Up 11% 7% 6% 25% 7% 13% H1 FY24* H1 FY23 47% 16% Rs. 909 Cr. Rs. 1,332 Cr. 5% 19% 8% 8% 14% 14% Intergrated Plastic Modules Fabrication Shifter Others After Market Lighting Emission *H1 FY24 Includes Revenue from IAC India of Rs 419 crs 28
Slide 29: H1 FY24 Segmental Revenue Break-Up: Category
Segmental Revenue Break-Up: Category 8% 6% 9% 9% 24% 40% 14% H1 FY24* H1 FY23 Rs. 909 Cr. Rs. 1,332 Cr. 19% 24% 47% 2/3 Wheeler Passenger Car After Market CV Others *H1 FY24 Includes Revenue from IAC India of Rs 419 crs 29
Slide 30: Q2FY24 Customer wise – Revenue Break-Up
Customer wise – Revenue Break-Up 15% 20% 21% 26% 5% 14% Q2FY24* Q2FY23 Rs. 487 Cr. Rs. 700 Cr. 5% 6% 6% 26% 19% 4% 7% 9% 10% 4% Bajaj HMSI MSIL M&M After Market LIL Tata Others *Q2FY24 Includes Revenue from IAC India of Rs 218 crs 30
Slide 31: H1 FY24 Customer wise – Revenue Break-Up
Customer wise – Revenue Break-Up 15% 20% 22% 26% 5% 14% H1 FY24* H1 FY23 Rs. 909 Cr. Rs. 1,332 Cr. 6% 5% 7% 26% 19% 5% 8% 9% 9% 4% Bajaj HMSI MSIL M&M After Market LIL Tata Others *H1 FY24 Includes Revenue from IAC India of Rs 419 crs 31
Slide 32: Strong historical financial performance
Strong historical financial performance1 Revenue EBITDA^ Rs. Crores Rs. Crores 1,847 224 1,508 187 1,332 163 1,187 1,141 1,108 124 109 114 FY19 FY20 FY21 FY22 FY23# H1 FY24 FY19 FY20 FY21* FY22 FY23 H1 FY24 Adjusted PAT After MI ** Cash PAT Rs. Crores Rs. Crores 93 145 69 109 109 61 84 53 50 47 80 8
Slide 33: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 1,066 421.0 1,005 406.0* 675 602 481 533 23.4 25.5 11.5 15.8 FY19 FY20 FY21 FY22 FY23 H1 FY24 FY19 FY20 FY21 FY22 FY23 H1 FY24 Capex Long Term Debt / Equity 132 0.62 0.58 79 65 68 50 41 0.05 0.05 0.03 0.03 FY19 FY20 FY21 FY22 FY23
Slide 34: Return Ratios
Return Ratios Consolidated Adjusted ROE (%) Adjusted ROCE (%) 16.2 17.1 28.0 27.1 14.0 22.4 12.8 11.2 16.0 14.9 16.3 8.9 FY19 FY20 FY21 FY22 FY23# H1 FY24 FY19 FY20 FY21 FY22 FY23# H1 FY24 Dividend (% of Face Value) EPS^ (in Rs.) 225 13.6 175 10.2 150 150 150 7.3 7.3 6.9 7.3 100 FY18 FY19 FY20 FY21
Slide 35: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q2FY241 Q2FY23 Y-o-Y Q1FY24 Q-o-Q H1 FY242 H1 FY23 Y-o-Y Revenue 700.2 487.0 44% 631.7 11% 1,331.9 908.9 47% Raw Material Consumption 443.6 330.3 403.3 846.9 616.2 Employee Expenses 93.7 49.3 83.7 177.4 95.1 Other Expenses 72.8 55.5 64.5 137.3
Slide 36: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores.) Sep 23 Mar-23 EQUITY & LIABILITIES Sep-23 Mar-23 Non-current assets Equity Property, plant and equipment 551.5 566.7 Equity Share capital 13.6 13.6 Capital work-in-progress 25.1 12.9 Non-Controlling Interest 206.6 187.1 Investment Property 12.2 12.4
Slide 37: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Crores.) H1FY24 H1FY23 PBT 96.4 78.8 Adjustments 78.6 22.8 Operating profit before working capital changes 175.0 101.6 Changes in working capital -26.5 -41.9 Cash generated from operations 148.5 59.7 Direct taxes paid (net of refund) -35.9 -14.4 N
Slide 38: Awards & Recognitions
Awards & Recognitions x DK JAIN LUMNX
Slide 39: Bagged two awards for Inner Parts Localisation & Value Analysis
Bagged two awards for Inner Parts Localisation & Value Analysis India’s #1 Gear Shift Lever manufacturer Lumax Mannoh Allied Technologies, was the proud recipient of two awards in categories - Inner parts Localisation and value Analysis at MSVC 2023 hosted by Maruti Suzuki India Ltd at Dubai on 1st/
Slide 40: Super Platinum Quality Award
Super Platinum Quality Award Lumax Auto Technologies Limited, Pantnagar received the Super Platinum Quality Award from Bajaj Auto at the BAVA Convention in January 2023. Kudos to the team for their extraordinary efforts in achieving this milestone and delivering quality products to our esteemed cust
Slide 41: Super Platinum Quality Award
Super Platinum Quality Award Lumax Mannoh Allied Technologies Limited for receiving the Best Cost Cooperation in ISR2.0 Award from Mr Ichiro Shimokawa, Chief Production Officer & Director – Production Planning & Control and Mr Yutaka Hozumi, Senior operating Officer - HGID from Honda Cars India at t
Slide 42: Silver Award – Toyota Kirloskar Suppliers Association
Silver Award – Toyota Kirloskar Suppliers Association Team Riser from Lumax Mannoh Allied Technologies Limited for winning the Silver Award at the Regional Quality Circle Competition organised by Toyota Kirloskar Suppliers Association in January 2023. 42
Slide 43: ACMA Awards
ACMA Awards Lumax Auto Technologies Limited, Bengaluru won the Bronze Award for Excellence in Manufacturing - Very Large Category at the ACMA Atmanirbhar Excellence Awards 2022 in March 2023. 43
Slide 44: Bagged two awards for Design & Development & Overall Excellence
Bagged two awards for Design & Development & Overall Excellence At the Maruti Suzuki Vendor Conference 2022 held on 27th May, 2022 at Mumbai. 44
Slide 45: ACMA Awards
ACMA Awards HMSI Award for Strong CR efforts in process Kaizen for 2021-22 45
Slide 46: TPM Awards
TPM Awards Chakan Plant – Category B in 2017 Bengaluru plant – excellence in Category A for the year 2019 46
Slide 47: ICQCC Awards
ICQCC Awards Two Teams from Lumax Auto Technologies Limited participated in the ICQCC Competition held at Hyderabad in November 2021 bagging the Par Excellence Awards. 47
Slide 48: Best Annual Report
Best Annual Report Won the prestigious award for best annual report from League of American Communications Professionals (LACP) for excellence within its industry for the financial year 2018-19, 2019-20, 2020-21 & 2021-22 48
Slide 49: Recognition
Recognition Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 2021 Toyota Kirloskar Motor Pvt Ltd. recognised the efforts and commitment of Lumax Mannoh Allied Technologies Limited towards prov
Slide 50: Other Awards
Other Awards Team Avengers from Lumax Cornaglia Auto Technologies Pvt Ltd, Pune bagged the Excellent Award in Silver Category at the National Convention on Quality Concepts 2021 held in December 2021. Team from Lumax Auto Technologies Limited, Chakan was awarded the Silver Award in Renovative Catego
Slide 51: Other Awards
Other Awards Lumax Mannoh Allied Technologies Limited, Manesar bagged the Second Runner Up at the First Best HR Practices Competition organised by ACMA held in March 2021. Lumax-DK Jain Group bagged 2 Gold and 1 Silver Awards at the 4th HR Excellence Awards organised by PNGI in December 2021. Lumax
Slide 52: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 52
Slide 53: State-of-the-Art Manufacturing Facilities
State-of-the-Art Manufacturing Facilities 53
Slide 54: Social Initiatives by Lumax group towards ‘Quality Education’ for the society
Social Initiatives by Lumax group towards ‘Quality Education’ for the society 54
Slide 55: Social Initiatives by Lumax group towards ‘Quality Education’ for the society
Social Initiatives by Lumax group towards ‘Quality Education’ for the society 55
Slide 56: For further information, please contact:
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Sagar Shroff priyanka.sharma@lumaxmail.com shogun.jain
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