Setco Automotive Limited · NSE:SETCO

Setco Automotive — Q3 FY21 Earnings Presentation

14 slides from Setco Automotive's earnings presentation, Feb 9, 2021

  1. Slide 1: Exchange filing cover letter: Q3 FY-21 Results & Performance Review

    CERTIFIED TS 16949/1SO 14001 EMS OHSAS 18001 ™ CIN No. : L35999G)1982PLC005203 == AUTOMOTIVE LTD ; LIPE CLUTCH February 9, 2021 To, BSE Limited, National Stock Exchange of India Ltd, Dept. of Corporate Services, Listing Department Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Dalal Street,

  2. Slide 2: Results Q3FY21 Setco Automotive Limited

    Results Q3FY21 Setco Automotive Limited Investor call: 09th Feb 2021 at 4:00pm

  3. Slide 3: Disclaimer

    Disclaimer NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES This presentation has been prepared by Setco Automotive Limited (the “Company”) solely for information purposes without regard to any specific objectives, financial situations or informational needs

  4. Slide 4: Agenda: Overview, Financial Results, Outlook

    Agenda 1 Overview 2 Financial Results 3 Outlook

  5. Slide 5: Highlights/Journey from Q1FY21

    1 Overview Highlights/Journey from Q1FY21…… Q1FY21 Q2FY21 Q3FY21 Q4FY21 and Beyond…. Industry/Economy • Lockdown quarter • Start /Stop of economy • Opening up of economy • Budget focused on Govt • Economy under standstill • spending led growth Broad Policy Indications • Vaccine Progress • GDP contra

  6. Slide 6: Highlights – MHCV Industry started its buoyant uptrend

    1 Overview Highlights –MHCV Industry started its buoyant uptrend Setco’s bottom-line turns positive in Q3FY21 post reporting losses in 4 quarters before this MHCV Industry  MHCV Industry sales/production after dismal H1FY21 has improved considerably and started its strong uptrend of up-cycle  Due

  7. Slide 7: Segment mix – Standalone Sales

    2 Financial Results Segment mix – Standalone Sales Key Aspects Segment wise sales (INR Lakhs) 132  Q3FY21 232 253 283  Quantum jump in the growth of MHCV compared to 173 last year as well as Q1FY21 & Q2FY21. Market sentiments has changed, with higher movement of goods resulting in robust aftermark

  8. Slide 8: Cost Analysis

    2 Financial Results Cost Analysis Reduction of ~23% Variable Cost % to Sales Fixed Cost (INR Lakhs) in Fixed cost (~INR 8,138 18 crs) over FY19 7,481 72.3% 9MFY21 down 6,300 5,726 by ~INR 13.15 71.9% crs (yoy) 71.6% 4,417 71.2% FY19 FY20 9MFY21 FY21(Est) FY19 FY20 9MFY20 9MFY21 FY21(Est)  Variable

  9. Slide 9: Key figures – Q3FY21

    2 Financial Results Key figures – Q3FY21 Standalone Key aspects – Standalone In INR lakhs Q3FY20 Q3FY21 YoY Growth FY20  Topline : Sales 8,666 10,302 18.9% 41,808  Q3FY21 sales up by ~18.9% Contribution 2,397 2,906 21.0% 11,588 % to Sales  Profitability : 27.7% 28.2% 50bps 27.7%  Despite increas

  10. Slide 10: Performance of Lava Cast

    2 Financial Results Performance of Lava Cast  Lava Cast turnaround plan hinges on 4 pillars: Particulars Q3FY20 Q3FY21  Improve operating parameters on key variable Costs  Sales up by ~25% Capacity (In MT) 7,500 7,500  Q3FY21, contribution margin at ~20% despite higher commodity prices and incre

  11. Slide 11: Key figures – Consolidated Q3FY21

    2 Financial Results Key figures – Consolidated Q3FY21 Consolidated Key aspects – Consolidated In INR lakhs Q3FY20 Q3FY21 Growth Sales • Consolidated performance subdued due to 10,119 11,108 9.8%  Contribution up by ~10% to INR 3,551 lakhs, margins Contribution 3,236 3,551 9.7% maintained despite hi

  12. Slide 12: Management Message

    2 Financial Results Management Message Setco Automotive Limited : The Company has turnaround and first time earned PAT after reporting losses consecutively in last 4 quarters. Due to huge allocation of funds in the budget towards infrastructure, mining and rural sector, it is expected that M& HCV In

  13. Slide 13: FY21 Outlook and Beyond

    3 Outlook FY21 Outlook and Beyond… • Heavy allocation in budget for infrastructure, mining and rural sector is expected to lead to sharp rebound in MHCV OEM (MHCV & • Upsizing and higher engineering content in BS VI clutches will improve revenue and margins/unit. Farm Tractors) • Long awaited scrapp

  14. Slide 14: IR Contact

    IR Contact We Invite You To Visit Setco Setco Automotive Limited Anurag Jain Mail : anurag.jain@setcoauto.com Tel : 022-4075 5555 Hiren Vala Mail : hvala@setcoauto.com Tel : 022-4075 5555

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