Sona Blw Precision Forgings Ltd. · NSE:SONACOMS
Sona Blw Precision Forgings — Investor Presentation (June 2023)
21 slides from Sona Blw Precision Forgings's investor presentation, Jun 30, 2023
Slide 1: Growing with E.P.I.C. Mobility
Growing with E.P.I.C. Mobility 30 Jun 2023
Slide 2: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Sona BLW Precision Forgings Ltd. (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: Targeting higher value segments and new technologies is the key to grow in a low volume growth industry
Targeting higher value segments and new technologies is the key to grow in a low volume growth industry 94.5 94.6 92.0 91.1 87.8 88.4 85.1 81.6 82.5 77.4 78.7 78.7 74.1 71.6 67.8 67.4 64.5 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Global Light Vehicle Sales
Slide 4: Driven by larger vehicle sizes, North America and Europe contribute to 54% of global car market share by value
Driven by larger vehicle sizes, North America and Europe contribute to 54% of the global car market share by value 32% 26% 21% 22% 28% 23% Europe North America China 4% 1% $29,010 21% 22% $35,580 India $23,530 $7,320 RoW Global car market share by volume1 Global car market share by value1 $28,230 $
Slide 5: As the vehicle's value increases, value realization for our products also increases
As the vehicle’s value increases, value realization for our products also increases Traction Motors Differential Assemblies Differential Gears Hatchback Sedan SUV MCV HCV 5
Slide 6: We believe that the Future of Mobility is E.P.I.C.
We believe that the Future of Mobility is E.P.I.C. Electrified. Personalized. Intelligent. Connected. High-value markets like Europe and North America will also have higher EV penetration than the world average in 20301 Geography-wise EV penetration in 2030 14% China 62% Europe 64% Cars 24% US 50% I
Slide 7: We believe that the Future of Mobility is E.P.I.C.
We believe that the Future of Mobility is E.P.I.C. Electrified. Personalized. Intelligent. Connected. 45% of the new cars sold globally will have personalization of Level 3 or above by 20301 Live interaction with the vehicle Virtual Chauffeur Basic vehicle Driver Profiles for Personalization for for
Slide 8: We believe that the Future of Mobility is E.P.I.C.
We believe that the Future of Mobility is E.P.I.C. Electrified. Personalized. Intelligent. Connected. 1 out of 2 vehicles will become intelligent with Level 2+ or above autonomy by 20311 Lines of code in millions2 Fully Autonomous Vehicle 500+ Modern Car 100 Facebook 61 Large Hadron Collider 50 Micr
Slide 9: We believe that the Future of Mobility is E.P.I.C.
We believe that the Future of Mobility is E.P.I.C. Electrified. Personalized. Intelligent. Connected. 45% of the global new car sales could have Level 3 or above connectivity by 20301 100% Level 1: Tracking of basic vehicle usage data 90% 80% Level 2: Individual Driver 70% Profile for digital servic
Slide 10: We aspire to be a significant player in powertrain and autonomous solutions in the new E.P.I.C. mobility value chain
We aspire to be a significant player in powertrain and autonomous solutions in the new E.P.I.C. mobility value chain Customer Mobility Interface Provider Integrated Powertrain Autonomous Solutions Solutions Provider OEM Provider • Radar Boards & Antenna Design • Embedded & Application Software Elect
Slide 11: We are consistently developing products with higher value addition and new technologies to achieve our aspiration
We are consistently developing products with higher value addition and new technologies to achieve our aspiration Autonomous Electric /Connected Integrated High Voltage Inverter Controller with GaN Inverter DC-DC Converter Liquid Cooled Inverter Motors for Bots and Industrial Integrated Automation M
Slide 12: One Vision
One Vision To become one of the World’s most Respected and Valuable Auto Technology companies for our Customers, Employees & Shareholders. 12
Slide 13: Guided by Values
Guided by Values 34.5% Agility Growth 5-year Revenue CAGR 26.8% Vitality Margins Integrity 5-year Avg. EBITDA >25% Returns Frugality ROE Each Year (FY19-FY23) 13
Slide 14: Thank you
Thank you Our final drive gears
Slide 15: Our story so far…
Our story so far… Phase - 1 Phase - 2 Phase - 3 Phase - 4 • 18 Customers • 22 Customers • Acquisition of Comstar • Started journey as • 2 Plants • 2 Plants • 47 Customers (37+10) public company • 1 Product • 2 Products • 9 Plants (5+4) • 68 customers • 10 Products (5+5) • 9 plants • 17 products 26,7
Slide 16: Electrification: Our Approach to Market
Electrification: Our Approach to Market Driveline Solutions Motor Solutions Core Strength: Core Strength: Power Rating High Torque, High Power Density EV Products Low Voltage, High Power Density Commercial Personal Personal Commercial > 600 kW 300 – 600 kW Epicyclic Spool HV Traction Geartrain Gears
Slide 17: 42 EV programs across 26 different customers
42 EV programs across 261 different customers No. of North America Europe2 Asia programs customers 5 Customers +1 5 Customers 4 Customers - 3 9 1 6 2 2 22 10 5 5 12 5 2 3 1 - 12 7 3 3 9 8 - 3 3 - +1 4 19 Programs in fully ramped-up production India Programs in ramp-up or not yet in production 15 Cus
Slide 18: EV contributes 77% to our net order book of ₹215 billion
EV contributes 77% to our net order book1 of ₹215 billion (8x FY23 revenue) 238 bn 28 bn Orders consumed from 5 bn 215 bn Orderbook at the end of Orders added for Orderbook at the end of matured and ramp-up Q3 FY23 programs won in Q4 FY23 Q4 FY23 programs during Q4 FY23 Non-EV EV Rs. 166 Billion (77
Slide 19: Diversified Revenue Mix – By Powertrain
Diversified Revenue Mix – By Powertrain Battery EV increasing as a % of our revenue continues to be our dominant and secular theme Our pure ICE dependence continues to reduce steadily going from 25% in FY21 to 15% in FY23 FY20 FY21 FY22 FY23 2% 14% 25% 26% 29% 27% 26% 21% 42% 34% 31% 38% 27% 25% 18%
Slide 20: Diversified Revenue Mix
Diversified Revenue Mix By Geography By Product By Vehicle segment 1% 1% 1% 3% 18% 33% 17% 27% FY22 PV FY23 FY22 FY22 68% 69% 22% CV 25% 26% 16% 15% 26% 4% 1% 7% 1% 4% 23% OHV 43% 15% 20% 15% 12% FY23 FY23 E2W/E3W 21% 1.5% 4% 32% 29% 20
Slide 21: FY23 Financial Performance Highlights
FY23 Financial Performance Highlights 26,756 mn | 26% 6,958 mn | 25% 3,953 mn | 28% Revenue | YoY Growth EBITDA | YoY Growth PAT | YoY Growth1 26.0% EBITDA Margin 14.8% PAT Margin 30.4% 26.6% RoCE2 RoE3 Notes: 1. Excluding exceptional income of FY22 2. ROCE = LTM EBIT/ Average tangible capital emplo
Sona BLW Precision Forgings Ltd. (Sona Comstar) — Investor Presentation (June 2023) on 6ix