Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Q3 FY2023 Earnings Presentation
33 slides from Talbros Automotive Components's earnings presentation, Feb 8, 2023
Slide 1: Talbros Automotive Components Ltd. Regulation 30 filing letter
Talbros Automotive Components Ltd. www. t a l b r o s.com 8 th February, 2023 The Bombay Stock Exchange Ltd. The National Stock Exchange of India Ltd . Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/ 1 , Dalai Street, Fort G Block, Bandra Kurla Complex, Mumbai - 400 001 Bandra (Eas
Slide 2: Q3 & 9M FY23 Investor Presentation
TALBROS AUTOMOTIVE COMPONENTS LIMITED (p r y D % *» Q 3 & 9 M F Y 2 3 I N V ESTOR P R ES EN TATIO N February 2023
Slide 3: Safe Harbor
Safe Harbor o This presentation and the accompanying slides (the “Presentation”), which have been prepared by Talbros Automotive Components Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscri
Slide 4: Talbros Automotive Components Ltd (TACL) - Group
Talbros Automotive Components Ltd (TACL) - Group o Product Portfolio Entities TACL Group Turnover*(Rs. Crs) 9M FY22 9M FY23 TACL Standalone 280 315 Gaskets Nippon Leakless Talbros Pvt Ltd 56 68 Forgings TACL Standalone 156 160 9M FY22 9M FY23 644 755 Chassis 155 Marelli Talbros Chassis Systems Pvt L
Slide 5: New Multi year orders worth over Rs. 1000 crores received
New Multi year orders worth over “Rs. 1000 crores received o TACL has received new multi years orders over Rs. 1,000 crores from both, domestic and overseas customers across its business divisions, product segments and JVs. These orders are to be executed over a period of next 5 years covering the c
Slide 6: Q3 FY23 Consolidated Performance Highlights
Q3 FY23 Consolidated Performance Highlights o Total Income from Operations EBITDA Profit After Tax* 159.7 23.8 13.7 150.5 20.8 11.1 Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 +6% +14% +24% Rs. Crores ^ Includes Other Income * Excludes Exceptional Items 5
Slide 7: 9M FY23 Consolidated Performance Highlights
9M FY23 Consolidated Performance Highlights o Total Income from Operations EBITDA Profit After Tax* 476.5 66.7 38.7 435.0 60.3 32.2 9MFY22 9MF23 9MFY22 9MFY23 9MFY22 9MFY23 +10% +11% +20% Rs. Crores ^ Includes Other Income * Excludes Exceptional Items 6
Slide 8: Q3 FY23 Standalone Business Performance Highlights
Q3 FY23 Standalone Business Performance Highlights o Total Income from Operations EBITDA Gaskets 101.4 102.4 14.6 14.4 +1% -2% Q3FY22 Q3FY23 Q3FY22 Q3FY23 Total Income from Operations EBITDA Forgings 56.9 9.5 49.3 6.1 +15% +55% Q3FY22 Q3FY23 Q3FY22 Q3FY23 Rs. Crores Includes Other Income 7
Slide 9: 9M FY23 Standalone Business Performance Highlights
9M FY23 Standalone Business Performance Highlights o Total Income from Operations EBITDA Gaskets 315.5 42.9 280.3 38.5 +13% +12% 9MFY22 9MFY23 9MFY22 9MFY23 Total Income from Operations EBITDA Forgings 159.8 23.6 155.6 21.7 +3% +9% 9MFY22 9MFY23 9MFY22 9MFY23 Rs. Crores Includes Other Income 8
Slide 10: Q3 FY23 Consolidated Performance Highlights - JVs
Q3 FY23 Consolidated Performance Highlights o Nippon Leakless Talbros Marelli Talbros Chassis Systems Talbros Marugo Rubber 21.0 55.2 19.8 19.7 Revenues 42.8 13.0 +7% +29% +53% Q3FY22 Q3FY23 Q3FY22 Q3FY23 Q3FY22 Q3FY23 4.7 6.1 1.30 4.0 4.1 EBITDA +17% +48% Q3FY22 Q3FY23 Q3FY22 Q3FY23 -0.30 Q3FY22 Q3
Slide 11: 9M FY23 Consolidated Performance Highlights - JVs
9M FY23 Consolidated Performance Highlights o Nippon Leakless Talbros Marelli Talbros Chassis Systems Talbros Marugo Rubber 68.5 155.1 56.0 Revenues 55.7 115.3 37.6 +23% +35% +49% 9MFY22 9MFY23 9MFY22 9MFY23 9MFY22 9MFY23 15.0 15.6 3.20 12.4 11.4 EBITDA +21% +37% +301% 0.80 9MFY22 9MFY23 9MFY22 9MFY
Slide 12: Across varied segments
Across varied segments… 0 4% 8% 9% Domestic Breakup* 11% 10% 26% 9% 25% 2 & 3 Wheelers 37% Passenger Vehicle 22% FY21 FY22 9MFY23 HCV & LCV Agri & Off Loaders 28% 36% 21% Others 28% 26% 6% 8% 8% 5% 5% 4% Breakup (Type of III OEM Market)* 25% 25% Exports FY21 23% FY22 9MFY23 After Market 64% 64% 64%
Slide 13: Q3 & 9M FY23 Consolidated Profit & Loss Statement
Q3 & 9M FY23 Consolidated Profit & Loss Statement o Particulars (Rs. In crores) Q3 FY23 Q3 FY22 Y-o-Y 9MFY23 9MFY22 YoY Revenue from Operations 158.5 148.4 7% 472.2 429.2 10% Other Income 1.1 2.1 4.3 5.8 Total revenue from Operation 159.7 150.5 6% 476.5 435.0 10% Raw Material 86.4 80.2 254.2 228.9 E
Slide 14: MDs Comments
MDs Comments o / / Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: / I I “ The Company has reported strong financial performance in Q3 & 9M FY23. The company registered topline growth of 6% in Q3FY23 at Rs. 160 Crore. EBITDA and PAT h
Slide 15: Substantial Improvement in Business
Substantial Improvement in Business o Total Income from Operations EBITDA Profit After Tax* * c CAGR +29% 2 14.3% 14.2% 3 CAGR +84% 584.9 c 453.2 64.6 ^ CAGR +29% 83.2 24.4 44.9 FY21 FY22 FY21 FY22 FY21 FY22 Return on Equity (RoE) Return on Capital Employed (RoCE) Debt / Equity Debt has reduced by 3
Slide 16: Hedged Portfolio
Hedged Portfolio… o 9MFY23 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 5% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 5% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MTCS ▪ Passenger Vehicles ▪ Forgings ▪ Exports 13% ▪ Commercial Vehicles ▪ Chassis Systems ▪ Others Forgings ▪ Anti vibra
Slide 17: Having Diversified Customer base - Top 10 Customers
Having Diversified Customer base - Top 10 Customers FY22 9MFY23 01 Maruti Suzuki India Limited 10% 01 Maruti Suzuki India Limited 11% 02 Bajaj Auto 9% 02 TATA Motors Limited 9% 03 TATA Cummins 8% 03 Jaguar Land Rover Limited 7% 04 Hero Motocorp Limited 7% 04 Bajaj Auto 7% 05 Tata Motors Limited 7% 0
Slide 18: Venturing into EV
Venturing into EV talbrfofe Autenwtue Components / o FORGINGS o Supplying parts for Plug-in hybrid Electric Vehicles to OEMs globally / / 71 talbr(ofe I MARELLI 1 — i o Marelli Talbros is working on new RFQ’s for several Indian and global OEM’s for supporting development of future EV’s o Marelli Tal
Slide 19: Gasket Business
Gasket Business Standalone – Total Income o ▪ In – House tool design and manufacturing 382 ▪ ~40% Market share in Gaskets 3x the nearest competitor 333 316 292 265 287 ▪ Market Leader in – Two Wheeler, Agri & Off Loaders, HCV & LCV segment ▪ Single Source Supplier for 5 of our customers ▪ 100% Asbes
Slide 20: Standalone Business – Forgings
Standalone Business – Forgings Standalone – Total Income o ▪ One stop solution for Hot Forging 204 (750 to 2,500 Ton Press) 166 170 160 ▪ In-House tool design and manufacturing 134 115 ▪ Strong presence in Overseas Market & Supplier to top Tier I companies ▪ One Stop Solution for Die Design, Machine
Slide 21: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures talbrfofe Autenwtue Components / o ^y NIPPON LEAKLESS CORPORATION talbrfofe II MARELLI © Marugo Rubber Industries, Ltd. Nippon Leakless Talbros Pvt Ltd (NLK) Marelli Talbros Chassis Systems Pvt Ltd (MTC) Talbros Marugo Rubber Pvt Ltd (TMR) r izn ▪ Marugo R
Slide 22: JV's Performance Highlights - Total Income from Operations
JV’s Performance Highlights - Total Income from Operations o Nippon Leakless Talbros Marelli Talbros Chassis Systems Talbros Marugo Rubber 122.1 164.6 155.0 54.7 56.0 52.0 106.0 Mill 136.8 llll 129.7 45.8 124.3 41.0 83.4 74.2 68.0 FY19 FY20 FY21 FY22 9MFY23 FY19 FY20 FY21 FY22 9MFY23 FY19 FY20 FY21
Slide 23: About Us: One of the Most Hedged Auto Component Players
About Us o Over 6 Decades of experience in Auto Component manufacturing One of the Diversified Auto Component player with presence across Two Wheelers, Passenger, Commercial Vehicles and Farm Equipment's Most Hedged Auto Wide client base, ~40% revenue from top 5 clients Component Businesses across O
Slide 24: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability o Anuj Talwar – Joint Managing Director Is a Bachelor in Business Administration from college of William & Mary, Virgina, USA and Master of Business Administration from Boston University Graduate School of Management. He has been associated with the Com
Slide 25: Board of Directors
Board of Directors 0 iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiin iiimiiiiimiiiiiiiiiiiiiniiiiiiiiiiii • Mr. Naresh Talwar, aged 80 years, is a Promoter and Non- Executive • Mr. Umesh Talwar, has done B.Com (Hons) from Delhi University and MBA Mr. Naresh Talwar Chairman of the Company. He has been associ
Slide 26: Executive Management
Executive Management o Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 17 years of experience with LeeBoy India She has over 29 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Esc
Slide 27: Scope of Joint Ventures
Scope of Joint Ventures 0 Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future
Slide 28: Evolving Product Portfolio
Evolving Product Portfolio o JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassi
Slide 29: Hedged Customer Base
Diversified Customer - OEM talbrfofe Autenwtue Components / O 2 Wheeler l! 1{0YAL UMIFHSILIS) HONDA TTIatiindra Hero YAMAHA BAJAJ - r^wy M J < >- Passenger * mixij i RHINO R * :, ^ TTIatiindra MARUTI SUZUKI Hedged Customer Base 0 ® HCV/LCV FORCE MAN FORCE TRUCKS PvL Ltd D A I M L E R smanai FORCE Ag
Slide 30: Equity
Equity o In Rs. Consistently paying Dividend for the decade 2.5 2.0 1.8 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 0.5 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Promoter Shareholding 56.6% 56.6% 56.6% 56.6% 58.2% 58.2% 58.2% 51.5% 53.9% 54.0% 44.5% 45.6% 46.3% 41.6% Jun-10 Jun-11 Jun-12 Jun-1
Slide 31: Appreciation From Customers
Appreciation From Customers o ^ ASHOK LEYLAND General Motors Company 30001 Van Dyke Avenue CERTIFICATE OF APPRECIATION Warren, Ml 48083 This Certificate is awarded to www .gm.com TALBROS AUTOMOTIVE COMPONENTS LTD ( HARYANA ) We congratulate and appreciate your persistent efforts in maintaining highe
Slide 32: Customer Awards for Best Performances
Customer Awards for Best Performances r o . . -.-.. ot M Wd SI JLR Company " M I I 2 I 0QI XI>Y 0 *' * » ••• l»* - oni .- . - .- - - — — . . . . Site Location %m LOCIMA .* - ~.. *. . —.— .. . IW n lt . .. . . W ( .- — - * - ** * -. * . .. 1 «m «w >*" «•* *«» « »«« L 4 * «l c d * o ta^ u * MJ II. * H
Slide 33: For further information, please contact
talb For further information, please contact: Company : Investor Relations Advisors : talbrfofe Automotive Components \. / geostrategic Growth Advisors Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Ms. Seema Narang Mr. De
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