Divgi Torqtransfer Systems Ltd. · NSE:DIVGIITTS
Divgi Torqtransfer Systems — Q4 FY2023 Earnings Presentation
31 slides from Divgi Torqtransfer Systems's earnings presentation, May 24, 2023
Slide 1: Regulation 30 submission letter to BSE and NSE
Divgi TorqTransfer Systems Limited Divgi TorqTransfer Systems CIN: U32201MH1964PLC013085 75, General Block, MIDC, Bhosari, Pune 411 026, India the Spirit of Innovation Tel: (+91-20) 63110100 Web: www.divgi-tts.com Ref.: DTTS/Sec/23-24/28 May 24, 2023 To, To, BSE Limited, National Stock Exchange of I
Slide 2: Divgi TorqTransfer Systems Limited (DTTS)
Divgi TorqTransfer Systems Limited (DTTS) Corporate Presentation and business update for Q4 financials
Slide 3: Disclaimer and caution statement regarding forward-looking statements
Disclaimer and caution statement regarding forward-looking statements This presentation and the accompanying slides (the “Presentation”), which have been prepared by Divgi TorqTransfer Systems Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer
Slide 4: Q4 FY23 Financials and Business developments
Q4 FY23 Financials and Business developments
Slide 5: Financial Performance - Quarterly
Financial Performance - Quarterly Revenue from Operations (INR mn) EBITDA and EBITDA Margins PAT and PAT Margins 800.0 EBITDA (INR mn) EBITDA Margin % PBT (INR Mn) PAT (INR Mn) 28.3% 700.0 250.00 26.3% 200.00 181 733 162 22.3% 180.00 150 600.0 640 135 200.00 160.00 583 116 120 500.0 140.00 150.00 12
Slide 6: Consistent track record of revenue growth & profitability
Consistent track record of revenue growth & profitability Revenue from Operations (INR mn) EBITDA Profit after Tax 2,710 Revenues CAGR – 19.44% EBITDA CAGR – 26.39% PAT CAGR – 22.20% 800 745 2,338 700 656 512 600 600 519 462 1,866 380 500 500 400 1,591 400 369 300 280 300 200 200 100 100 0 FY20 FY21
Slide 7: Statement of Profit and Loss (Quarterly)
Statement of Profit and Loss (Quarterly) Q-o-Q Y-o-Y Particulars (₹ mn) Q4FY23 Q3FY23 Q4FY22 % % Income Revenue from operations 733 640 583 Other income 26 12 49 Total income (I) 760 652 17% 633 20% Expenses Cost of raw materials and components consumed 299 259 254 Decrease/ (increase) in inventorie
Slide 8: Statement of Profit and Loss (Annual)
Statement of Profit and Loss (Annual) Particulars (₹ mn) FY23 FY22 FY21 FY20 Income Revenue from operations 2,710 2,338 1,866 1,591 Other income 76 81 85 117 Total income (I) 2,787 2,419 1,950 1,707 Expenses Cost of raw materials and components consumed 1,104 936 689 560 Decrease/ (increase) in inve
Slide 9: Balance Sheet - Snapshot
Balance Sheet - Snapshot Particulars (₹ mn) FY23 FY22 FY21 FY20 Particulars (₹ mn) FY23 FY22 FY21 FY20 Assets Equity and liabilities Non-current assets Equity share capital 153 138 69 60 Property, plant, and equipment 1,111 1,080 1,037 878 Other equity 5,360 3,262 2,890 2,035 Capital work in progres
Slide 10: About the Company
About the Company
Slide 11: Divgi TorqTransfer Systems Limited – Overview
Divgi TorqTransfer Systems Limited – Overview Ability to provide and deliver system level solutions Divgi–TTS has 58+ years of Years of experience in the auto component industry# 4WD / AWD Systems Dual Clutch Automatic Transmissions for BEV Located in Pune and has 3 manufacturing plants in Transmiss
Slide 12: Divgi TorqTransfer Systems Limited – Overview
Divgi TorqTransfer Systems Limited – Overview Long-term relationships## with marquee Largest Supplier of Transfer Case systems to domestic and global OEMs passenger vehicle manufacturers in India Awarded contract for EV transmission Continued business for over two decades systems for one of the lead
Slide 13: Major events and milestones in the history of the Company
Divgi-TTS | Major events and milestones in the history of the Company 2023 - Listing 2018 • Investment by Oman India Joint • Awarded component business for Investment Fund II supplies to USA and Mexico from 2022 • BorgWarner Awarded the EV transmission components business from 2016 Mahindra • Exit o
Slide 14: Key Investment Highlights
Key Investment Highlights Focus on R&D to manufacture diverse Amongst one of the very few suppliers in products and expand into products to India who has the capability to develop and serve new and emerging trends provide system level Transfer Case, Torque Coupler, Dual Clutch Transmissions ("DCT")
Slide 15: System level solution provider
System level solution provider Manual Transmissions & Synchronizers Torque Transfer Systems & Torque Coupler Developed manual transmissions for rear-wheel-drive One of the leading players supplying Transfer Case systems in applications which can be configured either in 4X2 or coupled India and only
Slide 16: Offering customized solutions & Components to OEMs in a cost-effective manner
Offering customized solutions & Components to OEMs in a cost-effective manner Components business offers DTTS economies of scale which helps to optimize costs for their product systems and solutions Precision Systems & Components Solutions Provider Understanding of the vehicle dynamics through engag
Slide 17: Strong focus on research and development and advanced in-house hardware and software capabilities
Strong focus on research and development and advanced in-house hardware and software capabilities • System level solution provider and transfer case supplier is expected to bring in mechatronic expertise in the overall design and development phase of the transfer case Electronics systems • The Compa
Slide 18: Manufacture and supply a variety of products under the broad categories
Manufacture and supply a variety of products under the broad categories Category / Product ICE (4WD/AWD) ICE (Manual) ICE (Automatic) Hybrid BEV Torque Transfer Systems ✓ – – – – Manual Transmission – ✓ – – – Synchronizer Systems ✓ ✓ ✓ – – Dual Clutch Transmission – – ✓ – – Transmissions for BEV – –
Slide 19: …and establish presence in fast-growing segments
…and establish presence in fast-growing segments Year FY22 FY23 FY24 FY27 FY22-27 Volumes Indian Volumes Indian Volumes Indian Volumes Indian CAGR Market Product/Market (in Market Size (in Market Size (in Market Size (in Market Size Size (%) thousands) (INR bn) thousands) (INR bn) thousands) (INR bn
Slide 20: Long-term relationships with marquee domestic and global customers…
Long-term relationships* with marquee domestic and global customers… Positioning as a system and solution provider entrenches the Company into the OEM eco-system BorgWarner Aids developing a deeper Engaged right from the stage of Business relation is now in its fourth decade interface with customer’
Slide 21: ….as validated by multiple awards from customers
….as validated by multiple awards from customers Year Key Recent Awards and Accreditations 2023 Toyota Quality and Delivery Award by Toyota Kirloskar Auto Parts 2022 Annual Commodity Award (Powertrain Proprietary - Automotive Division) by Mahindra Rise in recognition of superior performance Special
Slide 22: ….as validated by multiple awards from customers
….as validated by multiple awards from customers Toyota Supplier Award CY21 Mahindra Annual Commodity Award CY22 (Powertrain Proprietary - Automotive Division) 21 Privileged & Confidential, © 2023, All Rights Reserved.
Slide 23: Strategically located manufacturing facilities capable of producing high-precision components
Strategically located manufacturing facilities capable of producing high-precision components meeting system-level design intent Robust Infrastructure in Place Purchased 10 acres of land at Shirwal near Pune in Maharashtra and commenced construction which will help in expanding manufacturing capacit
Slide 24: State-of-the-art manufacturing facility…
State-of-the-art manufacturing facility… Upcoming facility at Shirwal, Pune 23 Privileged & Confidential, © 2023, All Rights Reserved.
Slide 25: …housing modern and diverse manufacturing equipment…
…housing modern and diverse manufacturing equipment… 24 Privileged & Confidential, © 2023, All Rights Reserved.
Slide 26: …and a well-equipped Assembly Line
…and a well-equipped Assembly Line 25 Privileged & Confidential, © 2023, All Rights Reserved.
Slide 27: Divgi is the partner of choice for Tata Motors for their EV programme
Divgi is the partner of choice for Tata Motors for their EV programme 26 Privileged & Confidential, © 2023, All Rights Reserved.
Slide 28: Experienced Board of Directors & Management Team
Experienced Board of Directors & Management Team Praveen Purushottam Kadle – Chairman and Independent Director Pradip Vasant Dubhashi – Independent Director • Has received a number of awards in recognition of his outstanding contribution to • Previously associated with the State Industrial and Inves
Slide 29: Experienced Management Team and Talented Workforce
Experienced Management Team and Talented Workforce Balu Narayan Patil – Head - Group Operations Rakesh Rameshchandra Sharma – Head of Growth & Launch Management • Previous work experience includes years at Bajaj Auto Limited, Ognibene India Private • Previously worked at Divgi Warner Private Limited
Slide 30: DTTS - Summary
DTTS - Summary Strong focus on research Strategically located and development and manufacturing facilities capable of advanced in-house producing high-precision hardware and software Presence in fast- components meeting system-level capabilities growing segments design intent Amongst very few Manufa
Slide 31: Thank You!
iS] Divgi-TTS Thank You!
Divgi TorqTransfer Systems — Q4 FY2023 Earnings Presentation on 6ix