Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q2 FY2022 Earnings Presentation
54 slides from Lumax Auto Technologies's earnings presentation, Nov 11, 2021
Slide 1: Intimation for Investor Presentation Q2 FY2021-22
LUMftX LATl:CS :IP :2021-22 Date : 11.11,2021 BSE Limited The National Stock Exchange of India Limited listing & Compliance Department listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Mumbai - 4000
Slide 2: Investor Presentation – Q2 FY2122
Lumax Auto Technologies Limited Investor Presentation – Q2 FY2122
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: Lumax-DK Jain Group
LUMNX Lumax-DK Jain Group x LUMAX
Slide 5: Lumax-DK Jain Group
Lumax‐DK Jain Group 4 R&D Centres 33 Seven Decade (India) & 1 Manufacturing Strong Design Centre Facilities (Taiwan) 01 02 03 04 05 06 15 Entities Leader in Over 9,000 in 8 States Automotive Employees Lighting & Gear Shifters 4
Slide 6: Two Listed Entities
Two Listed Entities Lumax Industries Limited Lumax Auto Technologies Limited Products & Services Products & Services End‐to‐end Automotive Integrated Plastic modules, 2‐wheeler Chassis, 2/3‐ Lighting Solutions wheeler Lighting, Gear Shifters, Emission systems, Transmission Products, Seat Frames, Aft
Slide 7: Purpose, Vision & Values
Purpose, Vision & Values We deliver PRIDE and PROGRESS with Our POSITIVITY Group Purpose Respect Integrity Our Passion Values Excellence Building an ADMIRED HIGH PERFORMANCE Global Organisation in Our whom all stakeholders Vision have ABSOLUTE TRUST 6
Slide 8: Diversified Product Range – 4-wheelers
Diversified Product Range – 4‐wheelers Destination Boards & Urea Tanks for Commercial Vehicle Aftermarket products 7
Slide 9: Diversified Product Range – 2-wheelers
Diversified Product Range – 2‐wheelers 8
Slide 10: Diversified Product Range – Commercial Vehicles
Diversified Product Range – Commercial Vehicles 9
Slide 11: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp 10
Slide 12: Locations close to Customers
33 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 3 Manesar 4 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Andhra Anantpur 1
Slide 13: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 JV for lighting, HVAC panels and JV for lighting and other JV for emission systems other electronics automotive parts 50% in Lumax Cornaglia Auto 37.5% in Lumax Indu
Slide 14: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 13
Slide 15: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 14
Slide 16: Lumax Auto Technologies Limited
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 17: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors ‐ S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Integrated Plastic modules, 2‐whee
Slide 18: Milestones
Milestones 1981: Lumax Auto Electricals 2006: Lumax DK Auto Industries was established to manufacture Limited became a 100% 2‐wheeler Lighting at Bhosari, subsidiary. Name of the Maharashtra company was changed to Lumax Auto Technologies Limited 1988: Name of the company 2013‐15 was changed to Dhane
Slide 19: Milestones
Milestones 2016: Pantnagar plant received 2019: Inauguration of Chassis TPM consistency award from facility at Aurangabad JIPM JV with JOPP, Germany to 2017: Chakan plant received manufacture and supply TPM excellence award from JIPM transmission products to the 2021 Indian automotive industry Forme
Slide 20: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 100% 55% 100% 100% Lumax Cornaglia Lumax Mannoh Lumax Mettalics Pvt Lumax Management Lumax Integrated Auto Technologies Allied Technologies Limited Services Pvt Limited Ventures Limited Pvt Limited Limited June 2007 Nov 2013 July 2
Slide 21: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Italy Japan Spain Israel JV for Oxygen Sensors JV for Telematics Products JV for Emission Systems JV for Gear Shifters and Services Relationship Since 2007 Relationship Since 2008 2017 2017 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied 49% in Lum
Slide 22: Cater to Diversified Segments
Cater to Diversified Segments Lighting Module(incl. Gear Shift Lever Integrated Plastic HL/TL/Indicators & Put Text Here Your Text Here Modules Others) Gear Shift Tower Gear Shift Lever Chassis for 2‐wheelers Control Housing Seat Structures Fabricated parts for 3‐ Intake Systems
Slide 23: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 22
Slide 24: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 4 No of Plants: 2 Integrated Plastic Lighting Modules Products Gear Shifters Painted Parts Transmission Products Products OE Accessories Oxygen Sensors Integrated Plastic Module & Urea Tank Gurugram (HR) Domes
Slide 25: Shareholding as of 30th September, 2021
Shareholding as of 30th September, 2021 Shareholding breakup Others 19.45% Institutions Promoters 24.57% 55.98% 24
Slide 26: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets Emission Systems – Increase Presence in Domestic Market & Enhance Customer 3 Out
Slide 27: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director He is 79 years of age & holds a MBA He is 42 years of age & holds Bachelors He is 46 years of age & is a Business Graduate degree from Delhi university & has in Business Administrati
Slide 28: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. A P Gandhi He is 71 years of age & He is 70 years of She is 51 years of He is 63 years of age •He is 83 years old & is is a Mechanical age & holds B.A. age and she is a & holds
Slide 29: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Vikas Marwah Mr. Naval Khanna Mr. Raajesh Gupta Mr. Sanjay Bhagat Director & Group CFO Chief Executive Officer Corporate Head – Taxation Group Company Secretary Head After Market Age: 54 years Age: 54 years Age: 63 years Age: 51 Years Age: 54 year
Slide 30: Financial Performance
LUMNX Financial Performance
Slide 31: Product-wise Revenue Q2FY22
Product‐wise Revenue Q2FY22 Product‐wise Revenue mix Q2FY21 Product‐wise Revenue mix Q2FY22 (Rs. 284 Crores) (Rs. 403 Crores) Emission Others 5% 6% Emission Others Intergrated 6% 5% Intergrated Plastic Plastic Modules Modules Shifter 34% 28% 11% Shifter 12% Lighting 11% Lighting 11% Fabrication 14%
Slide 32: Product-wise Revenue H1FY22
Product‐wise Revenue H1FY22 Product‐wise Revenue mix H1FY21 Product‐wise Revenue mix H1FY22 (Rs. 355 Crores) (Rs. 663 Crores) Emission Others 6% Emission Others 6% Intergrated Intergrated 6% 5% Plastic Plastic Modules Modules Shifter 33% 27% 10% Shifter 13% Lighting 12% Lighting 12% Fabrication Afte
Slide 33: Segmental Revenue Break-Up Q2FY22: Category
Segmental Revenue Break‐Up Q2FY22: Category Category Q2FY21 Category Q2FY22 (Rs. 284 Crores) (Rs. 403 Crores) 9% 4% 9% 5% 19% 49% 21% 47% 20% 19% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others 32
Slide 34: Segmental Revenue Break-Up H1FY22: Category
Segmental Revenue Break‐Up H1FY22: Category Category H1FY21 Category H1FY22 (Rs. 355 Crores) (Rs. 663 Crores) 9% 6% 7% 9% 18% 50% 18% 47% 18% 20% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others 33
Slide 35: Customer wise – Revenue Q2FY22
Customer wise – Revenue Q2FY22 Customer wise Q2FY21 Customer wise Q2FY22 (Rs. 284 Crores) (Rs. 403 Crores) M&M Others M&M Others 2% 10% 3% 13% Tata 4% Tata Bajaj 4% Bajaj 36% 34% MSIL 6% MSIL 5% LIL LIL 10% 7% HMSI HMSI 13% 13% After Market After Market 19% 21% 34
Slide 36: Customer wise – Revenue H1FY22
Customer wise – Revenue H1FY22 Customer wise H1FY21 Customer wise H1 FY22 (Rs. 355 Crores) (Rs. 663 Crores) M&M Others M&M Others 1% 12% 3% 14% Tata 4% Tata Bajaj 4% Bajaj 39% 37% MSIL 6% MSIL 6% LIL 9% LIL 8% HMSI 11% HMSI After Market 10% After Market 18% 18% 35
Slide 37: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ Rs. Crores Rs. Crores 1,187.0 1,140.9 123.9 1,111.5 1,107.9 116.2 113.9 108.8 965.4 86.1 663.4 66.5 FY17 FY18 FY19 FY20 FY21 H1FY22 FY17 FY18 FY19 FY20 FY21* H1FY22 PAT After MI Cash PAT Rs. Crores Rs. Crores 53.2 80.3 84.3 81.3 48.7 49.8 47.1
Slide 38: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 606 621 25.5 23.4 533 481 424 17.8 375 15.0 11.0 11.5 FY17 FY18 FY19 FY20 FY21 H1FY22 FY17 FY18 FY19 FY20 FY21 H1FY22 Capex Long Term Debt / Equity 79 0.05 0.05 0.05 65 52 50 0.03 0.03 0.03 36 20 FY17 FY18 FY19 FY20 FY21 H1FY22 FY
Slide 39: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 24.0 10.7 11.2 18.5 18.0 10.1 16.0 8.9 14.9 FY17 FY18 FY19 FY20 FY21 H1FY21 FY17 FY18 FY19 FY20 FY21 H1FY21 Dividend (% of Face Value) EPS^ (in Rs.) 150.0 150.0 150.0 7.8 7.2 7.3 7.3 6.9 100.0 3.9 47.0 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 H1
Slide 40: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q2 FY22 Q2 FY21 Y‐o‐Y H1 FY22 H1 FY21 Y‐o‐Y Revenue 403.0 283.8 42% 663.4 354.7 87% Raw Material Consumption 273.4 190.5 449.4 238.5 Employee Expenses 42.4 31.3 79.3 53.7 Other Expenses 42.4 32.2 73.8 45.1 Other Income 3.2 3.3 6.0 7.3 Profit of
Slide 41: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores.) Sep‐21 Mar‐21 EQUITY & LIABILITIES Sep‐21 Mar‐21 Non‐current assets Equity Property, plant and equipment 330.4 331.5 Equity Share capital 13.6 13.6 Capital work‐in‐progress 13.8 9.3 Non Controlling Interest 43.4 40.4 Investment Property 12.8 17.6 Ri
Slide 42: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs in Cr) H1FY22 H1FY21 Profit before tax from continuing operations 44.1 3.1 Adjustments 18.8 14.3 Operating profit before working capital changes 62.9 17.5 Changes in working capital ‐17.7 49.9 Cash generated from operations 45.2 67.4 Direct taxes paid
Slide 43: Awards & Recognitions
LUMNX Awards & Recognitions
Slide 44: Awards & Recognition
Awards & Recognition Aurangabad plant won the Gold Award in the category of Quality Circle at the 54th Mini Convention 2021 organised by QCFI in July 2021. Chinchwad plant won the Gold Award in the category of Quality Circle at the 54th Mini Convention 2021 organised by QCFI in July 2021. Aurangabad
Slide 45: Awards & Recognition
Awards & Recognition Aurangabad plant won the Silver Recognition Award in the category ‐ Manufacturing Sector Tier I ‐ Productivity Improvement for the Project ‐ Output / Man improvement in Swing Arm pipe through low cost automation at the 5th CII National Competition on Low Cost Automation held in
Slide 46: Awards & Recognition
Awards & Recognition Toyota Kirloskar Motor Pvt Ltd. recognised the efforts and commitment of Lumax Mannoh Allied Technologies Limited towards providing timely and quality delivery to Toyota in 2020. Pantnagar plant won the Silver Award in Excellence in HSE (Health, Safety and Environment) ‐ Very La
Slide 47: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A total of 368 teams from 13 countries participated in the global Quality Control Circles competition. Lumax Mannoh Allied Technologies Limited awarded fo
Slide 48: Awards & Recognition
Awards & Recognition Lumax Mettalics Pvt Ltd won the Gold Award in Excellence in HSE (Health, Safety & Environment) ‐ Small Category at the ACMA Technology Summit & Awards in November, 2019. Chakan Plant, Received JIPM Award for TPM Excellence, Category B on 23rd March 2017 47
Slide 49: Awards & Recognition
Awards & Recognition Won the prestigious Gold award for Won the prestigious Platinum award Top 100 best annual report from for best annual report from League of League of American Communications American Communications Professionals (LACP) for excellence Professionals (LACP) for excellence within it
Slide 50: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 21 49
Slide 51: State-of-the-Art Manufacturing Facilities
State‐of‐the‐Art Manufacturing Facilities 50
Slide 52: State-of-the-Art Manufacturing Facilities
State‐of‐the‐Art Manufacturing Facilities 51
Slide 53: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 54: For further information, please contact
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Ms. Akashi Modi priyanka.sharma@lumaxmail.com shogun.jain@
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