Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Minda Industries — Investor Presentation (July 2021)
24 slides from Uno Minda's investor presentation, Jul 5, 2021
Slide 1: Minda Industries Ltd. Investor Presentation July 2021
Minda Industries Ltd. Investor Presentation July 2021 Customer is Respect for Encourage Live Quality Respect for Supreme Individual Creativity and work-place Ethics Innovation
Slide 2: Safe Harbor
2/6 Safe Harbor This presentation and the accompanying slides (the “Presentation”), has been prepared by Minda 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
Slide 3: Minda Industries Ltd. | An Overview
3/6 Minda Industries Ltd. | An Overview Market leadership position across key product segments Catering to marquee clientele & renowned for superior quality One of the leading manufacturers of auto components domestically with leadership across Key Domestic Customers Key Global Customers Accreditati
Slide 4: Minda Industries Ltd. (MIL) | Key Investment Highlights
4/6 Minda Industries Ltd. (MIL) | Key Investment Highlights Product portfolio well insulated from any Well diversified product portfolio with marquee foreseeable market disruptions clientele Continuously expanding capabilities Robust financial performance and through capacity expansion & delivering
Slide 5: MIL: Established market leadership position… (1/2)
5/6 MIL : Established market leadership position… (1/2) Product Segment Leadership 4Q Revenue Growth y-o-y Key Clientele Revenue from Switches INR Cr 629 #1 Automotive 545 Switches Switches Q4FY18 Q4FY21 Revenue from Lamps INR Cr 486 #3 312 Automotive Lamps Lighting Q4FY18 Q4FY21 Revenue from Castin
Slide 6: MIL: Established market leadership position… (2/2)
6/6 MIL : Established market leadership position… (2/2) Product Segment Leadership 4Q Revenue Growth y-o-y Key Clientele Revenue from Acoustics INR Cr 193 #1 166 Automotive Horns Acoustics Q4FY18 Q4FY21 Revenue from Seating^ INR Cr #1 252 Seats 159 Seating Q4FY20 Q4FY21 Other Segments #1 #1 #2 #2 #2
Slide 7: Marquee customer base in the auto industry…
7/6 Marquee customer base in the auto industry… Global Customers Domestic Customers Global Customers Domestic Customers Global Customers Domestic Customers 7
Slide 8: …with increasing share of wallet across categories
…with increasing share of wallet across categories 8/6 Values in INR 4 Wheeler PVs & Tractor Kit Value 2 Wheelers Kit Value 2021 2019 53,627 12,336 17% 33% > INR 16 lacs 39,397 CAGR >135 cc 6,966 CAGR 48,303 9,585 14% 35% 37,433 CAGR 5,266 CAGR INR 4.5-8.3 lacs 110-135 cc 48,078 8,457 13% 27% 37,805
Slide 9: In-house R&D helps drive Innovation…
9/6 In-house R&D helps drive Innovation… Organization Central R&D Two Tier Engineering organization Business focused Product Engineering teams attached to Engineering (COC) Lighting & Electronic & Seating Comfort Light metal & Business acoustics Systems Control Systems Systems Powertrain (LAS) (
Slide 10: …complimented by tie-ups with global technological leaders and acquisitions
…which is further complimented by tie-ups with global technological leaders 10/6 and a slew of acquisitions JV- Steering Wheel with Airbags Body Sealing, Fuel Caps, Hoses Merger Seating Systems JV – Printed Circuit Boards (PCB) Acquisition Lighting Box Build Assemblies Solutions JV - Panel & Control
Slide 11: MIL has established an ICE agnostic product portfolio…
11/6 MIL has established an ICE agnostic product portfolio… Domains Product Lines BS VI EV Potential EV Kit Value (2W) 4W Switches & HVAC Charging Sockets Values in INR Sensors Actuators Controllers Electronic & Control Seat Belts Systems Shifters Infotainment Systems
Slide 12: …with a large EV portfolio and a wide range of products in the pipeline
12/6 …with a large EV portfolio and a wide range of products in the pipeline Diverse EV-focused product portfolio… …with more products under development Sensors for EVs Low Voltage EV Products (48V to 72V) Brake Pedal EV Battery Sensor for EV Temperature Regenerative Sensor Braking On-Board Accelera
Slide 13: Growing international and domestic presence…
13/6 Growing international and domestic presence… 6 Plants 7 Sales Offices 4 Design Centers Strategically located plants across all major auto hubs North and South America Europe Asia (w/o India) Mexico France Indonesia (Queretaro) (Epernon) (Karawang) Colombia Italy Taiwan (Manizales) (Turin) (Tain
Slide 14: …through sustained capacity additions and channel expansion
14/6 …through sustained capacity additions and channel expansion MIL has maintained a steady level of investment in its facilities… Addition of fixed assets (INR Cr) 670 607 517 254 299 211 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 … steadily growing the number of plants… Number of Plants 71 5
Slide 15: Well diversified across product divisions, segments and geographies
15/6 Well diversified across product divisions, segments and geographies Geography-wise Breakup Segment -wise Breakup International 16% 4Wheeler 53% 2Wheelers & Others FY21 FY21 47% India 84% Channel-wise Breakup Division -wise Breakup Replacement 12% Others 18% Switches 28% Seatings FY21 10% FY21 C
Slide 16: MIL has consistently received recognition for its service & reliability
16/6 MIL has consistently received recognition for its impeccable service & reliability Decades of relationship with Industry Majors “Special Support Award” MIL – Switch Division “Shift To Use Quality “Partner Award” Award” Minda Industries Ltd – 2W Minda Harita “Comprehensive Excellence” -UNO MINDA
Slide 17: Financial Summary
17/6 Financial Summary MIL has achieved strong growth in Income… …while maintaining healthy margin profile… …and delivering strong shareholder returns…. Revenues (INR Cr) EBITDA 645 800 +740% 6,374 750 725 700 700 600 4,471 650 500 600 400 550 534 300 200 77 500 100 450 0 Jul-16 Jan-17 Jul-17 Jan-18
Slide 18: Led by reputed promoters with rich experience in auto sector
Led by reputed promoters with rich experience in auto sector and supported 18/6 by a dynamic professional management team… Mr Nirmal K Minda – Chairman & Managing Director Mr Kundan K Jha– CEO – Light Metal and Powertrain Systems Leads the USD 1.1 bn UNO Minda Group and has experience of over 3 de
Slide 19: …with well recognized for achievements in the sector
19/6 …with well recognized for achievements in the sector Widely renowned and recognized management team WINNER of “Golden The Iconic Brand of Peacock Award for India Excellence in Corporate Minda Industries Ltd won the “Most Promising Company of the Year” at the Indian Business Leader Awards by Eco
Slide 20: Annexures
Annexures
Slide 21: Consolidated Profit & Loss Statement
21/6 Consolidated Profit & Loss Statement Particulars (Rs. Crores) Q4 FY21 Q4 FY20 YoY % Q3 FY21 QoQ % FY21 FY20 FY19 FY18 Revenue from Operations (Net of Excise) 2,238 1,498 49% 2,031 10% 6,374 6,222 5,908 4,471 Raw Material 1,404 905 1,240 3,919 3,810 3,622 2,763 Employee Cost 297 235 272 982 944
Slide 22: Consolidated Balance Sheet (Audited)
22/6 Consolidated Balance Sheet (Audited) ASSETS (Rs. Crores) FY21 FY20 FY19 FY18 EQUITY AND LIABILITIES (Rs. Crores) FY21 FY20 FY19 FY18 1. Non-current assets Equity Property, Plant and Equipment 2,051 1,911 1,629 1,199 Equity share capital 54 52 52 17 Capital work-in-progress 112 340 132 192 Other
Slide 23: Consolidated Cash Flow Statement
23/6 Consolidated Cash Flow Statement Particulars (Rs. Crores) FY21 FY20 FY19 FY18 PBT 325 244 455 405 Adjustments 456 475 298 144 Operating profit before working capital changes 780 719 753 550 Changes in working capital (351) 446 (223) (103) Cash generated from operations 430 1,165 529 447 Direct
Slide 24: Contact Us
24/6 Contact Us Company : Minda Industries Ltd. For further information, CIN : L74899DL1992PLC050333 please contact: Mr. Ankur Modi Head Treasury and Investor Relation amodi@mindagroup.com www.unominda.com 24