Ask Automotive Limited · NSE:ASKAUTOLTD
Ask Automotive — Q2 FY25 Earnings Presentation
28 slides from Ask Automotive's earnings presentation, Oct 29, 2024
Slide 1: ASK Automotive Limited exchange filing cover letter
® ASK AUTOMOTIVE LIMITED (Formerly known as ASK Automotive Private Limited) Date: October 29, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Bandra Dalal Street, Mumbai - 400 001 Kurla Complex, Bandra (East), Mumbai - Scrip Code:
Slide 2: Quarterly Earnings Call Q2 & H1 FY25
ASK AUTOMOTIVE LIMITED Quarterly Earnings Call || Q2 & H1 FY25 Ad vanced Braking Al uminum L i ghtwei ghti ng Safet y Control Systems Preci si on Solutions Cabl es https://askbrake.com
Slide 3: Content
Content 01 Overview: ASK Group 4 02 Financial Performance 5-10 03 Key Growth Strategies 11-12 04 Technical Collaborations & Partnerships 13 05 Positioning in EV Segment 14 06 Transition to Renewal Energy 15 07 Customer Relationship and Recognitions 16-17 08 Others 18-22 09 Annexures 23-27 2
Slide 4: Cautionary Statement
Cautionary Statement This presentation and the accompanying slides (the “presentation”) contain selected information about the activities of ASK Automotive Limited (the “Company”) and its subsidiaries and affiliates (together, the “Group”) as at the date of the presentation. It does not purport to p
Slide 5: ASK Group Overview - Leading Brand in 2W Braking Segment in India
ASK Group Overview - ASK is a leading Brand in 2W Braking Segment in India 30+ Years Product Segments Experience in safety products and solutions ~50% 12 Market Share in Exporting 2W’s AB systems 38 % countries in India Advanced Braking Systems 43 % Aluminum FY 2023-24 Lightweighting Long standing T
Slide 6: Key Business Performance Highlights - Q2 & H1 FY25 (Consolidated)
Key Business Performance Highlights - Q2 & H1 FY25 (Consolidated) Highest ever Revenue & PAT in Q2 FY25 Q2 EBITDA Margins at 12.2%, up +230 bps YoY Strong finish to H1 FY25 in revenue and profits H1 EBITDA Margins at 12.1%, up +220 bps YoY Revenue growth outperformed industry growth EBIT
Slide 7: Financial Performance of Q2 FY 2024-25 - Consolidated
Financial Performance of Q2 FY 2024-25 (in Crores) - Consolidated Total Income EBITDA +22% 976 119 +50% 798 79 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 PAT EBITDA and PAT Margins % 12.2% +63% 67 9.9% 6.9% 41 5.2% EBITDA % PAT % Q2 FY24 Q2 FY25 6 Q2 FY24 Q2 FY25
Slide 8: Financial Performance of H1 FY 2024-25 - Consolidated
Financial Performance of H1 FY 2024-25 (in Crores) - Consolidated Total Income EBITDA +26% 1841 222 +55% 1456 144 H1 FY24 H1 FY25 H1 FY24 H1 FY25 PAT EBITDA and PAT Margins % 12.1% +63% 124 9.9% 76 6.7% 5.2% EBITDA % PAT % H1 FY24 H1 FY25 7 H1 FY24 H1 FY25
Slide 9: Revenue by Product Segment, Channel and Geography - Q2 FY25
Revenue by Product Segment, Channel and Geography - Q2 FY25 Consolidated Product Segment Channel Geography Others, 3.2% Others, 3.2% Export, 4.2% SCC, 3.9% AM, 9.7% WA, 11.6% OES, 6.9% ABS, 36.4% OEM EV Q2 FY25 4.2% ALPS OEM ICE, 44.9% 76.0% Domestic, 95.8% SCC, 4.1% Others, 1.4% AM, 10.0% Others, 1
Slide 10: Revenue by Product Segment, Channel and Geography - H1 FY25
Revenue by Product Segment, Channel and Geography - H1 FY25 – Consolidated Product Segment Channel Geography Others, 3.1% Others, 3.1% Export, 4.0% SCC, 3.8% AM, 9.0% WA, 11.7% OES, 6.8% ABS, 36.4% OEM EV H1 FY25 3.9% ALPS OEM ICE, 45.1% Domestic, 77.2% 96.0% SCC, 3.8% Others, 1.8% AM, 9.5% Others,
Slide 11: Product Segment Revenue YoY - Consolidated
Product Segment Revenue (Rs. Crores) YoY- Consolidated Advanced Braking Systems Aluminium LW Precision Solutions Safety Control Cables 437 +18% 38 +27% +18% 355 344 32 302 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Q2 FY24 Q2 FY25 Advanced Braking Systems Aluminium LW Precision Solutions Safety Control
Slide 12: Key Growth Strategies
Key Growth Strategies Strengthen position Diversify product offering in AB Develop innovative systems in the growing EV systems and ALP solutions and and solutions and have sector in India expand market in PV and CV strong pipeline of products segment Electrification Focus on Export Independent Focu
Slide 13: Focus on New Growth Initiatives
Focus on New Growth Initiatives… Entry in 2W HPDC Alloy Wheel Mega Manufacturing facility at Karoli Commissioned Signed Technical Collaboration agreement with LIOHO, Taiwan to manufacture 2W HPDC Alloy Wheels in Feb’24 Largest manufacturing plant at Karoli, Rajasthan with investment of Rs. 4.5 b
Slide 14: World Class Technical Collaborations and Global Partnerships
World Class Technical Collaborations and Global Partnerships... Technical Collaborations Joint Ventures 2001 - Japanese Manufacturer 2016 - NUCAP, Canada 2018 - FRAS-LE, Brazil A prestigious manufacturer & supplier of A Patented Retention Systems - Mechanical A Randon group company, Fras-le is a glo
Slide 15: Prominent Player in 2W EV Segment to Capture Growing Electrification Trend
Prominent Player in 2W EV Segment to Capture Growing Electrification Trend DIVERSE EV PRODUCT OFFERINGS ASK Revenue Growth in EV (in Crores) 120 CAGR 227% Belt Cover 52 Belt Cover Rear Foot Rest HU Base Hub Front Front 11 0 FY21 FY22 FY23 FY24 Intermediate Hub RR Back Hub Rear Pulley Rear Grip Pulle
Slide 16: ESG - Transition towards Renewable Energy
ESG - Transition towards Renewable Energy PNG usage (units in SCM millions) 2.82 Clear focus towards Renewal Energy Replaced diesel with PNG in 0.60 melting furnaces 0.31 0.42 Setting up 9.9 MWp Solar 2021 2022 2023 2024 Power Plant for captive consumption with investment Solar usage (units in
Slide 17: Long-standing Relationship with Indian and Global OEM players
Long-standing Relationship with Indian and Global OEM players 2 Wheelers-ICE 2W Years of Customers Relationship Hero MotoCorp Limited Hero MotoCorp Limited 31 2 Wheelers-EV 23 India’s largest 2W EV OEM 22 4 Wheelers 22 21 Commercial Vehicle Export Customers Two Prominent CV Polaris Inc. OEMs 17 in I
Slide 18: Awards and Recognitions
Awards and Recognitions 7 Awards for Excellence in Development 8 Awards for Excellence in Quality 6 Awards for Excellence in Performance 6 Awards for Excellence in Cost Innovation 17
Slide 19: Diverse & Extensive Product Portfolio
Diverse & Extensive Product Portfolio 2W 3W 4W CV (Joint Venture) Advanced Braking Brake Shoe Brake Pad Brake Lining System Brake Shoe Brake Pad Brake Shoe Brake Pad Brake Panel Case Mission 2W PV Exports EV Aluminum LW Crank Case Engine Cover ECU Body ECU Housing Demolition Geared Pulley Precision
Slide 20: Board of Directors
Board of Directors Kuldip Singh Rathee - Chairman & MD Arun Duggal - Independent Director • Bachelor’s degree in arts (Economics Honours) from Delhi University • Bachelor’s degree in technology (mechanical engineering) from Indian Institute of • Served in the Central Reserve Police Force and was dir
Slide 21: Geographical Presence across India
Geographical Presence across India Himachal Pradesh Baddi – 1 Plant Uttarakhand Corporate Office Haryana Haridwar – 2 Plants Gurugram/Manesar - 9 Plants, JV - 1 Plant Rajasthan Karoli (WOS) – 1 Plant 7,000+ Gujarat Workforce Ahmedabad - 1 Plant Karnataka Bengaluru* ASK - 1 Plant, WOS - 1 Plant 17 St
Slide 22: ASK Group's Strengths
ASK Group’s Strengths Largest manufacturer of 2W Advanced Braking System in India with ~50% market share Powertrain Agnostic product offerings in both EV and Non-EV 4 World Class Technical Collaborations and 2 World Class Joint Ventures High entry barriers due to proprietary material formulations, i
Slide 23: AHSAAS Trust – A CSR Initiative
AHSAAS Trust – A CSR Initiative Focusing Our Efforts Today for a Better Tomorrow for Everyone. AHSAAS, the philanthropic arm of ASK Automotive was born out of our chairman & Managing Director Mr. Kuldip Singh Rathee and his wife and Non- Executive Director Ms. Vijay Rathee with an aim and dedication
Slide 24: Annexure
Annexure 23
Slide 25: Profit and Loss (Q2 & H1 FY25) - Consolidated
Profit and Loss (Q2 & H1 FY25) - Consolidated (in Rs. Crore) % Change % Change % Change Particulars (Rs. Cr) Q2 FY25 Q2 FY24 Q1 FY25 H1 FY25 H1 FY24 (YoY) (QoQ) (YoY) Revenue 974 794 862 1,836 1,450 Other Income 2 5 3 5 6 Total Income 976 798 865 22.2% 12.8% 1,841 1,456 26.4% Cost of material consum
Slide 26: Balance Sheet as at Sep 24 - Consolidated
Balance Sheet as at Sep 24 - Consolidated (in Rs. Crore) As at As at As at As at Particulars Particulars 30 September 2024 31 March 2024 30 September 2024 31 March 2024 Unaudited Audited Unaudited Audited ASSETS EQUITY AND LIABILITIES Non-current assets Property, plant and equipment 780.68 713.68 Eq
Slide 27: Glossary
Glossary Term Description Term Description AB Advanced Braking ECU Electric Control Unit ALP Aluminium Lightweighting Precision MCU Motor Control Unit SCC Safety Control Cables HMI Human-machine interface AM / IAM Independent Aftermarket HEV Hybrid Electric Vehicles OEM Original Equipment Manufactur
Slide 28: For further information Contact
For further information Contact ASK Automotive Ltd. Adfactors PR 1. Mr. Naresh Kumar - Chief Financial Officer 1. Mr. Mohit Burman - AGM Corporate Communication naresh@askbrake.com mohit.burman@askbrake.com 2. Mr. Sanjeev Arora - Sr. VP Finance & Head IR 2. Mr. Rushabh Shah investor@askbrake.com rus