Sterling Tools Limited · NSE:STERTOOLS
Sterling Tools — Q2 FY2023 Earnings Presentation
26 slides from Sterling Tools's earnings presentation, Nov 9, 2022
Slide 1: Slide 1
Slide 2: Sterling Tools Ltd Investor Presentation Q2 FY23
z STERLING TOOLS LTD INVESTOR PRESENTATION Q2 FY23 November 9th, 2022
Slide 3: Table of Contents
1 About Sterling Tools Ltd 03 TABLE OF CONTENTS 2 History & Milestones 04 3 Board of Directors 05 4 Mission & Vision 06 5 Fasteners Business 10-15 6 Electric Vehicle Business 16-21 7 Financial Summary 22-23
Slide 4: About Sterling Tools Ltd (STL)
About Sterling Tools Ltd (STL) 1 STL is the 2nd largest automotive fastener manufacturer in India since last 4 decades 2 Well diversified presence across all automotive segments and customers 3 Strategically located 4 Manufacturing facilities- 3 in North India (Faridabad) and 1 in South India (Banga
Slide 5: History & Milestones
History & Milestones SGEM secured Swaraj Tractors an order Eicher Group worth INR Fourth 600 mn for Punjab Tractors Third Plant- MCUs from a Incorporation as a Pvt Ltd Escorts Plant- Prithla Bangalore leading Indian Company Hero (Palwal) Plant e2W OEM 1982-1999 2004 1979 1981 1999 2019 2020 2021 202
Slide 6: Board Of Directors
Board Of Directors Mr. Anil Aggarwal Chairman-cum Managing Director 38+ years of experience Expertise in Manufacturing, Project management, Administration, Product and Project development and Quality control for auto components Mr. Atul Aggarwal Dr. Triloki Nath Kapoor Mr. Chhotu Ram Sharma Ms. Mali
Slide 7: Our Mission and Vision
Our Mission and Vision Vision We provide reliable and superior quality auto components to our customers by harnessing best-in-class manufacturing practices, clean and green technology, 360 Degree entrepreneurial spirit, and passion of our people Achieving • Be the most trusted brand for our customer
Slide 8: Industry Highlights
Industry Highlights During H1FY23, domestic automobile sales grew by 31% YTD. Growth across the segments has been aided by a gradual improvement in festive season demand, the low base of last year, and an improvement in semiconductor supplies. Passenger Vehicles: The PV segment has recorded higher s
Slide 9: Key Operational Highlights For The Quarter
Key Operational Highlights For The Quarter Electric Vehicle Business: • EV revenues constitute 17% of total group revenues, more than for any other auto ancillary in the country • Nearly 50% market share in high speed scooter segment, about 33% in overall 2W segment • EV Business is EBITDA and PBT p
Slide 10: Key Financial Highlights For The Quarter (Standalone)
Key Financial Highlights For The Quarter (Standalone) Revenue grew by 20% Y-o-Y and EBITDA grew by 13% Y-o-Y and 12% Q-o-Q to 20% Q-o-Q to Rs 155 Cr Rs 26 Cr EBITDA Margin increased by PBT* grew by 9% Y-o-Y and 110 bps Q-o-Q to 33% Q-o-Q to 16.7% Rs 16 Cr 9 Investor Presentation *Excludes Exceptiona
Slide 11: Fasteners Business
Fasteners Business ee Terene®
Slide 12: Product Range- Fasteners
Product Range- Fasteners Bolts and Screws Nuts Size : M5 to M24 and equivalent inch series M6 to M 22 and equivalent inch series Lengths: 8 mm to 250 mm Engine / Special Fasteners Standard / Chassis Fasteners Chassis Engine Special Standards Fasteners Fasteners Fasteners Indian German Japanese Ameri
Slide 13: Pan India Presence- Fasteners
Pan India Presence- Fasteners Haridwar Gurugram (3 locations) Udham Singh Nagar Wire Drawing Unit- Faridabad Prithla Plant, Distt.-Palwal Faridabad (3 locations) Mehsana DLF Plant, Faridabad Ahmedabad Pithampur Nagpur Nasik Zahirabad Bhiwandi Attibele Pune Puzhal Warehouse- 16 Kolar Plant , Bangalor
Slide 14: Manufacturing Facilities
Manufacturing Facilities DLF Plant, Faridabad Wire Drawing Plant, Faridabad Prithla Plant, Palwal Bangalore Plant 13 Investor Presentation Strictly Confidential
Slide 15: Key Clientele- Fasteners
Key Clientele- Fasteners Passenger Vehicles Two Wheelers Farm Equipment Commercial Vehicles Exports Construction STRONGHOLD Aftermarket TIER-1 Strong Pan-India presence with 100 Distributors 14 Investor Presentation Strictly Confidential
Slide 16: Well Diversified Revenue Mix
Well Diversified Revenue Mix * Channel-wise Mix Segment-wise Mix 88% 22% 24% 22% 2% 2% 10% 10% 2% 18% OEM Exports Replacement PV 2W CV Farm equipment & Off-road Retail Exports Others 15 Investor Presentation 15 Investor Presentation *Based on Q2FY23 Strictly Confidential
Slide 17: Electric Vehicle Business
Electric Vehicle Business ee
Slide 18: Sterling Gtake E-mobility Ltd. (SGEM)
Sterling Gtake E-mobility Ltd. (SGEM) 1 Partnership between Sterling Tools and Jiangsu Gtake of Shenzhen (China). 2 Gtake is a technology leader in motor control units for electric and hybrid vehicles and has a dominant market share in the electric CV space in China. 3 The agreement calls for the co
Slide 19: About Motor Control Unit (MCU)
About Motor Control Unit (MCU) A Motor Control Unit (MCU) is an electronic module that interfaces with the Motor 1 as well as the Battery Pack to control the electric vehicle’s speed, acceleration and range based on the throttle input. MCUs are one of the most important components of an EV and requi
Slide 20: SGEM Product Portfolio
SGEM Product Portfolio Product: D00 Product: D06 Product: D03 Application: Low Speed Scooter Application: High Speed Scooter Application: Performance Scooters & 3W Product: D04 Product: G05 Product: G02 Application: Light Commercial Vehicles Application: Passenger Vehicles Application: Heavy Commerc
Slide 21: SGEM – Forging The Future
SGEM – Forging The Future 1 SGEM has production orders from 11 EV OEMs. SGEM is in advanced stages of discussions with more than 30 automobile (EV) OEMs for their MCU requirements for different vehicle segments, 2 including two-wheelers, three-wheelers, passenger vehicles and commercial vehicles. 3
Slide 22: Sterling Group EV Vision
Sterling Group EV Vision Battery / BMS AC/DC chargers / OBC Motor Motor Controller 21 Investor Presentation Strictly Confidential
Slide 23: Financial Summary
Financial Summary ee Terene®
Slide 24: Standalone Financials- Fastener's Revenue stood at an All Time High
Standalone Financials- Fastener’s Revenue stood at an All Time High REVENUE EBITDA & EBITDA Margin (%) Rs. In Mn 1,800 1,547 17.8% 15.1% 13.3% 15.6% 16.7% 1,600 1,395 1,383 1,400 1,286 Margin 1,161 258 300 1,200 1,000 250 228 216 800 200 176 185 600 150 400 100 200 50 0 0 Q2FY22 Q3FY22 Q4FY22 Q1FY23
Slide 25: Safe Harbor Statement
Safe Harbor Statement This presentation and the accompanying slides (the "Presentation") have been prepared by Sterling Tools Ltd (the "Company") solely for informational purposes and do not constitute an offer, recommendation, or invitation to purchase or subscribe for any securities, and shall not
Slide 26: Sterling Tools Limited
Sterling Tools Limited Mr. Pankaj Gupta (CFO) Contact No : +91 99717 88441 E-mail : Pankaj.gupta@stlfasteners.com Add : Unit No: 515, DLF Tower–A, Jasola District Center, New Delhi- 110025 S-ancial Technologies Pvt Ltd Mr. Vijay Gyanchandani/ Ms. Hazel Rathod Contact No : +91 96194 38448 / +91 98191