Sharda Motor Industries Ltd. · NSE:SHARDAMOTR
Sharda Motor Industries — FY2022 Earnings Presentation
32 slides from Sharda Motor Industries's earnings presentation, May 30, 2022
Slide 1: Submission of Investors Presentation to stock exchanges
SMIL: BSE/NSE: 22-23/3005 May 30, 2022 BSE Limited National Stock Exchange of India Limited Department of Corporate Services Exchange Plaza, 5th Floor Pheroze Jeejeebhoy Towers Plot No. C/1, G Block Dalal Street, Mumbai - 400 001 Bandra - Kurla Complex, Mumbai - 400 051 (SCRIP CODE - 535602) (Symbol
Slide 2: Sharda Motor Industries Limited Investor Presentation May 2022
Osun SHARDA MOTOR INDUSTRIES LIMITED Investor Presentation May 2022 ying Let’s do great things together! www.shardamotor.com
Slide 3: Disclaimer
This presentation and the accompanying slides (the “Presentation”), has been prepared by Sharda Motor Industries Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the
Slide 4: Group Overview
Group Overview 3
Slide 5: Leading Auto-ancillary Company with Global Aspirations
Foundation Founded in 1986, Sharda Motor has scaled to numerous highs in the automotive industry. Leading Auto-ancillary Company with Global Aspirations Offers highly engineered products and services commencing from emission to World class Manufacturing Infrastructure suspension systems, roof syst
Slide 6: IPO and listing on Delhi Stock Exchange
1987 IPO and listing on Delhi Stock Exchange 5
Slide 7: Presence in Pan India and Joint Venture Abroad
Presence in Pan India Delhi Haridwar Sanad Pune Chennai Sanad Exhaust System Exhaust System Exhaust System Suspension Tube Mill / R&D Namyang Assembly Nashik Nashik Haridwar Delhi Pune Exhaust System Exhaust System Roof System Pune Stamping of Parts & Corporate Office Suspension Assembly Fuel Tank C
Slide 8: R&D unit for exhaust and emission systems
Established R&D unit for exhaust system in 2002 and emission system 2010 at Mahindra World City, Chennai A state of art facility to Design, Simulate, Testing and Prototype of exhaust system for PVs & CVs as well as non-automotive applications R&D Centre has the full capabilities to cater to various
Slide 9: Timing: Achievement of all milestones within timelines
Passenger Vehicle Full Range of Full Range of Medium & Heavy Full Range of ranging Stationery Engine Off-Road Vehicle Commercial Vehicle Tractors Engines 0.6L – 3L ranging 2.5L – 8L Timing: TIMING COST PROCESS PROCESS TESTING PTOTOTYPES Achievement of Achievement of STABILITY Integration of new All
Slide 10: Responsibilities across Concept to SOP
Concept Acoustic Structural Responsibilities CFD Analysis Proto Build Industrialization Testing SOP Design Simulation Analysis Passenger Vehicle Engine Small Commercial Vehicle Engine Light Commercial Vehicle Engine Medium Commercial Vehicle Engine Heavy Commercial Vehicle 3 Wheeler Passenger / Load
Slide 11: Leading to increase in content per Vehicle
Leading to increase in content per Vehicle Legislation Impact CEV IV & V and TREM IV & V emission standards • With applicability of new emission norms, the Off Off-Road are for non road diesel engines used in Highway Addressable Market will become construction equipment and agricultural tractors equ
Slide 12: Operational efficiencies and technology as key entry barrier
• Sustainable growth in operating profits vs Cyclical auto industry Operational efficiencies • Backward integration by producing in-house bought out parts • Strategic technology partnership giving access to world class technology in emission Technology – Key entry barrier control system act as a key
Slide 13: Structural Advantage, Value Accretion, Complete Control
Leveraging of existing Structural Advantage Value Accretion Complete Control setup for new applications Completely backward With manufacturing Over process and supply Established expertise in integrated with two infrastructure already in chain efficiencies, leading to manufacturing of tube mills and
Slide 14: Getting Future Ready: Electric Vehicle Drivers
Getting Future Ready Electric vehicle market is estimated to be a Rs. 50,000 crore opportunity in India by 2025. Electric Vehicle Drivers India could be a leader in shared mobility by 2030, providing opportunities for electric vehicles De-Risking Investment in Emerging Technologies EV market in Indi
Slide 15: Joint Ventures and Technical Collaboration
Joint Venture Technical Joint Venture Exhaust Systems Collaboration Lithium Battery Manufacturing Eberspaecher* and Sharda Motor Entered a technical Kinetic Green^ and Sharda Industries Ltd. entered into a JV to partnership with Bestop Inc. Motor Industries Ltd. entered manufacture commercial vehicl
Slide 16: Exhaust systems: from idea to manufacturing
Catering to Serving PV, CV Annual Indian Market Domestic & and Off-road Production of Share of ~30% International segment. ~1 million units customers 5 plants strategically located Catering to most of the 3 stamping plants managing across India and present in OEM’s in PV segment all critical stampin
Slide 17: Suspension systems and manufacturing expertise
Annual Production of ~1.8 Indian Market Share of ~10% 2 manufacturing units lakh units Development, Project planning & Testing & Concept, Design and Digitizing Validation Expertise in this arena with its world-class manufacturing processes Arm Lower Control Front Suspension Upper Arm Assy Assy. Lowe
Slide 18: Board of Directors
Mr. Kishan Parikh Mr. Ashok Kumar Bhattacharya Chairman, Independent Director Independent Director Holds Bachelor’s Degree in commerce and has 30+ years of He holds Bachelor’s degree from IIT, Kharagpur and PhD. from experience in area of Business Management and managing Cambridge. Has 40+ years of
Slide 19: Management Team
Mr. Ajay Relan Mr. Anand Dinkar Sontakke Managing Director Chief Operating Officer Responsible for overall manufacturing operations, Plant, Research BE in Mechanical from NIT, ICWAI (intermediate) & CPM from ISM, & Development, Product Development and complete supervision USA. Has 29+ years of exper
Slide 20: Awards and recognitions
21awqzs 21awqzs 21awqzs Silver award in Business Silver award in Business Mahindra Supplier Excellence Special Appreciation BS6 Mahindra & Mahindra Annual Alignment Category by Ashok Alignment Category by Ashok Award for Business Partner of the by Mahindra & Mahindra (2021) Commodity Award (2014) Le
Slide 21: Financial Highlights
Financial Highlights
Slide 22: Q4 FY22 Revenue, EBITDA, PAT
INR Crores REVENUE EBITDA PAT* +2% +23% +70% 618 64 604 62 45 579 39 52 26 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 Q4 FY21 Q3 FY22 Q4 FY22 * Including Profit/(loss) in JV and Associates 21 21
Slide 23: FY22 Revenue, EBITDA, PAT
INR Crores REVENUE EBITDA PAT* +30% +77% +124% 228 149 2255 1736 129 67 FY21 FY22 FY21 FY22 FY21 FY22 * Including Profit/(loss) in JV and Associates 22 22
Slide 24: Standalone Profit and Loss Statement
INR Crores Particulars Q4FY22 Q4FY21 YoY Q3FY22 QoQ FY22 FY21 YoY Revenue from Operations 617.9 604.2 2% 578.6 7% 2,255.3 1,736.5 30% Cost of Goods Sold 493.5 493.7 464.5 1,806.1 1,419.5 Gross Profit 124.4 110.5 13% 114.1 9% 449.2 317.0 42% Gross Profit Margin 20.13% 18.28% 185 19.72% 41 19.92% 18.2
Slide 25: Standalone Balance Sheet
INR Crores Equity & Liabilities Mar-22 Mar-21 Assets Mar-22 Mar-21 Non - Current Assets 193.8 218.1 Total Equity 572.9 430.9 Property Plant & Equipments 145.5 168.0 Share Capital 5.9 5.9 Capital Work In Progress 0.1 0.1 Reserves & Surplus 566.9 424.9 Right of Use Asset 10.2 10.5 Intangible assets 0.
Slide 26: Consolidated Profit and Loss Statement
INR Crores Particulars Q4FY22 Q4FY21 YoY Q3FY22 QoQ FY22 FY21 YoY Revenue from Operations 617.9 604.2 2% 578.6 7% 2,255.3 1,736.5 30% Cost of Goods Sold 493.5 493.7 464.5 1,806.1 1,419.5 Gross Profit 124.4 110.5 13% 114.1 9% 449.2 317.0 42% Gross Profit Margin 20.13% 18.28% 185 19.72% 41 19.92% 18.2
Slide 27: Consolidated Balance Sheet
INR Crores Equity & Liabilities Mar-22 Mar-21 Assets Mar-22 Mar-21 Non - Current Assets 220.6 232.7 Total Equity 599.8 445.4 Property Plant & Equipments 145.5 168.0 Share Capital 5.9 5.9 Capital Work In Progress 0.1 0.1 Reserves & Surplus 593.8 439.5 Right of Use Asset 10.2 10.5 Intangible assets 0.
Slide 28: Cash Flow Statement
INR Crores Standalone as on Consolidated Particulars 31-Mar-22 31-Mar-21 31-Mar-22 31-Mar-21 Net Profit Before Tax 215.2 105.3 215.2 105.3 Adjustments for: Non -Cash Items / Other Investment or Financial Items 20.2 29.6 20.2 29.6 Operating profit before working capital changes 235.4 134.8 235.4 134.
Slide 29: Five-year Revenue, EBITDA, PAT
INR Crores REVENUE EBITDA PAT^ 2255 228 149 +167% 1737 129 128 81 116 68 67 938 96 845 863 52 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 * Consolidated Excluding Seating Business ^ Including Profit/(loss) in JV and Associates 28 28
Slide 30: Adjusted ROCE
INR Crores Particulars FY22 FY21 FY20 FY19 FY18 Interest Income on Cash (A) 13.24 10.00 5.50 4.80 3.90 EBIT (B) 216.67 106.70 79.40 113.25 97.18 Equity Capital (C) 572.89 430.90 364.60 409.36 317.99 Debt Capital (D) - - - - - Cash & Equivalents (E) 397.56 263.00 146.30 141.14 73.71 Adj. ROCE = (B-A)
Slide 31: CSR initiatives: tree planting, plastic, blood donation
Tree Planting Stop Plastic 1 Pollution Blood Donation Drive Sharda Motor believes in the Installed plastic bottle shredding Organized blood donation camps preservation of the environment. Our machine at Jamshedpur district of to help hospitals and blood banks team of volunteers contributed their Jha
Slide 32: Company and Investor Relations Advisors contacts
Company Investor Relations Advisors CIN: L74899DL 1986PLC023202 CIN: U74140MH2010PTC204285 Mr. Srinivasan Narasimhan Mr. Jigar Kavaiya / Mr. Pratik Shah Chief Financial Officer Deputy Head-IR Practice / Business Analysis 02135-674400 +91 9920602034 / +91 9870030585 sn.s@shardamotor.com jigar.kavaiya
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