Samvardhana Motherson International Limited · NSE:MOTHERSON
Samvardhana Motherson International — Motherson Sumi Systems — Q4 FY2018-19 Earnings Presentation
29 slides from Samvardhana Motherson International's earnings presentation, May 27, 2019
Slide 1: Exchange filing cover letter for financial results
motherson sumi systems limited II II May 27,2019 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 511, Floor I ' Floor,New Trading Ring 1 Plot No.C/1, G-Block Rotunda Building Bandra-Kurla Complex P.J. Towers, Dalal Street Sandra (E) Fort MUMBAI -400051, India MUMBAl-400001, Indi
Slide 2: Presentation on Results Q4 & 12M FY 2018-19
Proud to be part of. Presentation on Results Q4 & 12M FY 2018-19 27th of May 2019
Slide 3: Agenda
• Key Highlights • Order book status • Results Q4 FY18 vs Q4 FY19 • Results 12M FY18 vs 12M FY19 • Debt status • Cash Flow 2
Slide 4: Key Highlights
Key Highlights • Consolidated revenues up by 11% on QoQ and up by 12% on YoY basis • SMRP BV revenues up by 13% on QoQ and up by 5% on YoY basis • Higher Net Free Cash despite significantly larger ramp up costs at Tuscaloosa, Kecskemet and impact of adverse costs at a brownfield expansion at SMP • N
Slide 5: Order book status
• Key Highlights • Order book status • Results Q4 FY18 vs Q4 FY19 • Results 12M FY18 vs 12M FY19 • Debt status • Cash Flow 4
Slide 6: Robust Order book at SMRP BV
Robust Order book at SMRP BV Total order book New Orders (€ 18.2 bn) worth Rs.45,312 crores** (€ 17.2 bn) 1,47,263 (€ 15.2 bn) (Euro 5.6 billion) 1,29,785 1,17,205 received during (€ 11.9 bn) (€ 12.9 bn) FY 18-19 89,000 94,900 (€ 7.9 bn) 63,922 (Rs. in Crores) (€ 2.3 bn Incremental order book at SMR
Slide 7: Results Q4 FY18 vs Q4 FY19
• Key Highlights • Order book status • Results Q4 FY18 vs Q4 FY19 • Results 12M FY18 vs 12M FY19 • Debt status • Cash Flow 6
Slide 8: Change in Accounting Standards Ind AS 115 - Impact
Change in Accounting Standards Ind AS 115 - Impact • Ministry of Company Affairs has notified “New Accounting Standard – IND AS 115” (Revenues from contracts with customers) on 28th March 2018 applicable from 1st April 2018. • These results, being the first financial year after implementation of new
Slide 9: Impact of IND AS on Q4 Revenue
Impact of IND AS 115 on Q4 Revenue Consolidated Standalone SMP Revenues Revenues Revenues (including SMRC) (part of SMRP BV) 18,428 21% 1,506^ 15,282# 1,210 1,344* 2,068 # 157^ 72 * 35% 1,884 895 # 79 ^ 147* 16,921 # (Euro in Million) (Rs. in Crores) (Rs. in Crores) 13,938 1,996 1,053# 1,805 # 748 Q
Slide 10: MSSL Consolidated
MSSL Consolidated : Q4 FY18 vs Q4 FY19 (Rs. in Crores) Revenues EBITDA 16,921 15,282 11% 1,510 1,270 13,284 15,082 11% -16% 1,998 1,839 Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY 2017-18 Q4 FY 2018-19 Within India Outside India PBT PAT (Concern Share) 1,042 656 518 410 -21% Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY
Slide 11: MSSL Standalone
MSSL Standalone : Q4 FY18 vs Q4 FY19 (Rs. in Crores) Revenues EBITDA 2,068 1,805 241 260 392 352 1,827 1,545 Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY 2017-18 Q4 FY 2018-19 Domestic Exports PBT PAT -2% 400 -13% 326 320 242 211 - Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY 2017-18 Q4 FY 2018-19 10
Slide 12: SMRPBV
SMRPBV : Q4 FY18 vs Q4 FY19 : (In Euro Terms**) (In Million Euro) Revenues EBITDA 13% € 1,474 € 1,301 € 109 13% € 66 € 1,440 € 1,281 € 20 € 34 Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY 2017-18 Q4 FY 2018-19 Within India Outside India Revenues EBITDA (Excluding Greenfields, SMRC and impact of Ind AS 115) (Ex
Slide 13: SMR
SMR : Q4 FY18 vs Q4 FY19 (In Euro Terms**) (In Million Euro) Revenues EBITDA 4% €422 €406 4% €388 €403 € 53 € 49 €18 €19 Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY 2017-18 Q4 FY 2018-19 Within India Outside India 12 ** Please refer to Note on last slide.
Slide 14: SMP
SMP : Q4 FY18 vs Q4 FY19 (In Euro Terms**) (In Million Euro) Revenues EBITDA € 1,053 -33% € 895 18% €60 18% € 20 Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY 2017-18 Q4 FY 2018-19 Revenues EBITDA (Excluding Greenfields, SMRC and impact of Ind AS 115) (Excluding Greenfields, SMRC and impact of Ind AS 115) € 863
Slide 15: PKC
PKC : Q4 FY18 vs Q4 FY19 (In Euro Terms**) (In Million Euro) Revenues EBITDA 14% € 314 € 275 14% 59% € 27 59% € 17 Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY 2017-18 Q4 FY 2018-19 PBT PAT (Concern Share) € 20 260% € 18 150% €8 150% 260% €5 Q4 FY 2017-18 Q4 FY 2018-19 Q4 FY 2017-18 Q4 FY 2018-19 ** Please ref
Slide 16: Results 12M FY18 vs 12M FY19
• Key Highlights • Order book status • Results Q4 FY18 vs Q4 FY19 • Results 12M FY18 vs 12M FY19 • Debt status • Cash Flow 15
Slide 17: Impact of IND AS on 12M Revenue
Impact of IND AS 115 on 12M Revenue Consolidated Standalone SMP Revenues Revenues Revenues (including SMRC) (part of SMRP BV) 67,977 5,405^ 22% 55,857# 7,758 7,308# 362^ 4,222 4,516* 6% 22% 266* 545^ 3,452# 510* (Euro in Million) 62,572# (Rs. in Crores) 7,396 # (Rs. in Crores) 7,042 51,341 3,677# 2,
Slide 18: MSSL Consolidated
MSSL Consolidated : 12M FY18 vs 12M FY19 (Rs. in Crores) Revenues EBITDA 12% 62,572 55,857 5,157 5,397 5% 48,753 55,144 12% 5% 7,104 7,428 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M FY 2018-19 Within India Outside India PBT PAT (Concern Share) 3,307 3,087 1% 1,597 1,613 12M FY 2017-18 12M FY 2
Slide 19: MSSL Standalone
MSSL Standalone : 12M FY18 vs 12M FY19 (Rs. in Crores) Revenues EBITDA 7,308 1% 7,396 840 988 1,380 1,323 1% 6,468 6,408 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M FY 2018-19 Domestic Exports PBT PAT 1% 1,222 1,211 -7% 1,200 879 814 800 1% 400 - 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M
Slide 20: SMRPBV
SMRPBV : 12M FY18 vs 12M FY19 : (In Euro Terms**) (In Million Euro) Revenues EBITDA 5% € 5,024 € 5,278 € 374 € 328 5% € 4,945 € 5,161 -12% € 79 € 117 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M FY 2018-19 Within India Outside India PBT PAT (Concern Share) € 229 €138 € 59 € 37 12M FY 2017-18 12M
Slide 21: SMRPBV (excluding greenfields, SMRC and Ind AS 115)
SMRPBV : 12M FY18 vs 12M FY19 : (In Euro Terms**) (In Million Euro) Revenues 5% EBITDA € 5,024 € 5,278 € 374 € 328 € 5,161 5% € 4,945 -12% € 79 € 117 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M FY 2018-19 Within India Outside India Revenues EBITDA (Excluding Greenfields, SMRC and impact of Ind
Slide 22: SMR
SMR : 12M FY18 vs 12M FY19 (In Euro Terms**) (In Million Euro) Revenues EBITDA 2% €1,604 €1,575 2% €1,528 € 183 € 182 €1,498 €77 €76 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M FY 2018-19 Within India Outside India 21 ** Please refer to Note on last slide.
Slide 23: SMP
SMP : 12M FY18 vs 12M FY19 (In Euro Terms**) (In Million Euro) Revenues EBITDA 7% € 3,677 € 3,452 -23% 7% €205 €158 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M FY 2018-19 Revenues EBITDA (Excluding Greenfields, SMRC and impact of Ind AS 115) (Excluding Greenfields, SMRC and impact of Ind AS 115
Slide 24: PKC
PKC : 12M FY18 vs 12M FY19 (In Euro Terms**) (In Million Euro) Revenues EBITDA 13% € 1,176 € 1,043 € 105 13% 46% 46% € 72 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M FY 2018-19 PBT € 70 PAT (Concern Share) 86% € 52 € 35 100% 100% € 28 86% 12M FY 2017-18 12M FY 2018-19 12M FY 2017-18 12M FY 2018
Slide 25: Debt status
• Key Highlights • Order book status • Results Q4 FY18 vs Q4 FY19 • Results 12M FY18 vs 12M FY19 • Debt status • Cash Flow 24
Slide 26: Net Debt
Net Debt 31.03.2018 30.06.2018 30.09.2018 31.12.2018 31.03.2019 Rs. In Crores Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Standalone Consolidated Gross 1,155 10,373 1,190 10,997 1,486 14,193 1,349 12,436 1,136 11,534 Debt Cash & 102 2,778 202 2,720
Slide 27: Cash Flow
• Key Highlights • Order book status • Results Q4 FY18 vs Q4 FY19 • Results 12M FY18 vs 12M FY19 • Debt status • Cash Flow 26
Slide 28: Summary of Cash Flow
Summary of Cash Flow- For the period ended March 31, 2019 April 1, 2017 to April 1, 2018 to Statement of Cash Flows (Rs in crores) March 31, 2018 March 31, 2019 Cash flow from operating activities before changes in working capital and income tax & 5,776 5,283 extraordinary expenses Extraordinary exp
Slide 29: Thank you. Reference Rates, Notes & Safe harbor
Reference Rates, Notes & Safe harbor Copper Rates. Notes : Average Q4 2017-18 Q4 2018-19 % Change 1. This presentation has been prepared from the audited financial LME Copper (USD / MT ) 6,959 6,220 (10.6%) results for the quarter and year ended on 31st March 2019. Explanatory notes have been added
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