CIE Automotive India Ltd · NSE:CIEINDIA

CIE Automotive India — Mahindra CIE Automotive — Merger or Acquisition (September 2016)

13 slides from CIE Automotive India's merger presentation, Sep 12, 2016

  1. Slide 1: Interim Update

    Interim Update Mahindra CIE Automotive Limited September 12, 2016 │ Mumbai 1

  2. Slide 2: MCIE Evolution

    MCIE Evolution Consolidated Sales* Consolidated EBITDA Margin * There is seasonality across 14,107 quarterly revenue figures 12% 11.20% 14,000 13,721 10% 13,500 8% (INR mn) 5.80% (%) 13,000 6% 4% 12,500 2% 12,000 0% Q3 - Dec 13 Q2 - June 16 Q3 - Dec 13 Q2 - June 16 Consolidated Net Debt Share Price*

  3. Slide 3: MCIE Strategy

    MCIE Strategy MCIE Strategy Phase 2: 2017-2020 “Expand” MCIE Positioning Phase 1: 2014-2017  Capex for expansion “Consolidate”  Expand in India & ASEAN MCIE is CIE’s vehicle to  Entry into plastics and  Optimise operations in India expand in: aluminium products  Turnaround Europe  Redefine pro

  4. Slide 4: Bill Forge: Forging & Machining of Auto Components

    Bill Forge: Forging & Machining of Auto Components Bill Forge is a precision forging and machining company focused on two-wheeler and passenger car auto components, primarily for steering, transmission and wheel-related assemblies  Currently operates 6 manufacturing  One of a handful of Indian for

  5. Slide 5: Bill Forge: Unique, Diversified & Complementary Business Mix

    Bill Forge: Unique, Diversified & Complementary Business Mix Customer Mix (F16) Segment Mix (F16) Product Mix (F16) Top 10 = 72% Others Steering Export 2W Race CR Retainer CVO / Tulip Yoke 4W – 3W Cars & Shaft UVs Hub  Key 2W customers: Hero, Bajaj, HMSI  4W presence to grow further  Key products

  6. Slide 6: Bill Forge (BFPL): Excellent Track Record

    Bill Forge (BFPL): Excellent Track Record REVENUE (INR Millions) 5,823 INR mn FY16 Sales 5,823 EBITDA 1,205* 1,915 PAT 514 Net Financial Debt 754 2010A 2016A *After one time adjustments. This is based on MCIE analysis of BFPL’s audited FY2016 nos. Other nos. are EBITDA* (INR Millions) as per BFPL’s

  7. Slide 7: Bill Forge: Rationale for Acquisition

    Bill Forge: Rationale for Acquisition  Substantially increases revenue and profitability from Asian markets  Reinforces MCIE’s position as one of the leading global forgings player (entry into cold/warm forgings)  Leads to diversification of MCIE India : Complementary product and customer mix, wh

  8. Slide 8: Indicative Financial Summary MCIE & Bill Forge

    Indicative Financial Summary MCIE & Bill Forge MCIE – BFPL 9Months Sales 5,823 Consolidated Sales 38162 EBITDA 1,205* India Sales % of Total 32% EBITDA % 20.7%* LCC Sales % of Total 32% PAT 514 EBITDA 3780 EPS NA EBITDA % 9.8% Net Debt 754 India EBITDA % of Total NA *After one time adjustments. This

  9. Slide 9: Transactions

    Transactions MCIE to acquire 100% of Target (“BFPL”) for INR 13,312 mn Preferential allotment of 31.99 mn equity shares to shareholders of BFPL at INR 200/share (INR 6,399 mn) Preferential allotment of 22.5 mn equity shares to PIA2 (subsidiary of CIE) at INR 200/share (INR 4,500 mn) MCIE Board also

  10. Slide 10: Structure Post Acquisition & Preferential Allotment

    Structure Post Acquisition & Preferential Allotment BFPL PIA2 MVML Prudential Others Shareholders 53.09% 20.17% 1.48% 25.26% 100% Pre MCIE Total Shares Transaction 323.57 mn MCIE BFPL BFPL PIA2 MVML Prudential Others Shareholders MCIE Total Shares 51.39% 17.26% 1.27% 21.62% 8.46% Post 378.06 mn Tran

  11. Slide 11: Indicative Timeline for the Transaction

    Indicative Timeline for the Transaction Estimated Event Timeline Board Resolutions & Announcement Sep 12 Shareholder meeting to approve issuance of equity shares Oct 13 Completion of Acquisition of BFPL and issue of equity shares under Oct 27 preferential allotment to shareholders of BFPL and CIE St

  12. Slide 12: Thank you

    Thank you visit us at mahindracie.com BSE: 532756 NSE: MAHINDCIE ISIN: INE536H01010 Disclaimer Mahindra CIE Automotive Limited, herein referred to as MCAL provides a wide array of presentations and reports, with the contributions of various professionals. These presentations and reports are for info

  13. Slide 13: Mahindra Cle

    Mahindra Cle

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