Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q3 FY2019 Earnings Presentation
29 slides from Ppap Automotive's earnings presentation, February 2019
Slide 1: Investor Presentation - PPAP Automotive Limited
Investor Presentation FEBRUARY 2019 PPAP Automotive Limited TAKING CHALLENGES, TOGETHER
Slide 2: Quarterly Financial Highlights
QUARTERLY FINANCIAL HIGHLIGHTS ………. ………. Revenue from Operations • Revenue from operations increased by 3.7% and Part sales by 90.22 118.64 93.52 5.31 2.8% 5.17 • Total revenue grew on account of increase in volume - 0.66 1.98 2.17 • 25% of part revenue from new vehicle launches • EBITDA stands at 1
Slide 3: 9 Months Financial Highlights
9 MONTHS FINANCIAL HIGHLIGHTS Revenue from operations ………. ………. 270.0 311.85 5.97 • Part sales increased by 13.2% and revenue from operations grew 0.90 11.00 8.52 by 15.5% • EBITDA grew by 6.7% at 59.99 cr • PAT grew by 13.0% • EPS at Rs. 18.83, Interim dividend at ₹ 2.00 per share • Started supplie
Slide 4: Our Evolution
OUR ……….EVOLUTION ………. Our Mission “TO BE A GLOBAL COMPANY WITH AN INSPIRING WORK CULTURE FOR SERVING CUSTOMERS AND THE SOCIETY BY EXCEEDING THE EXPECTATIONS OF ALL ITS STAKEHOLDERS” Certification of ISO 50001 Established owned Incorporation of Certification of TS 16949 Added Tata Motors as Establis
Slide 5: Who We Are
WHO ……….WE ARE ………. • Over 30 years of experience in Automotive Industry Rich Legacy • Identified as India’s leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts • Integrated operations from Print to Build Market Leadership • One stop shop for full range of Autom
Slide 6: Key Management
KEY ……….MANAGEMENT ………. Mr. Ajay Kumar Jain, Chairman & Managing Director Bachelor of Commerce from Shri Ram College of Commerce, Delhi University Associated with the Company since inception with experience of over 40 years in polymer processing industry and over 30 years in the automotive industry
Slide 7: Technology Partners
TECHNOLOGY ………. PARTNERS ………. NISSEN CHEMITEC CORPORATION, JAPAN TOKAI KOGYO CO. LTD, JAPAN Established: 1951 Established: 1947 Global Presence: USA, Thailand, Indonesia, Global Presence: USA, Thailand, Indonesia, Singapore China, Mexico, Vietnam AUTOMOTIVE EXTERIOR & SEALING PRODUCTS AUTOMOTIVE INT
Slide 8: Core Strengths
CORE ………. STRENGTHS ………. Leadership Position Strong Customer Base Strong R&D Facilities India’s leading manufacturer Leading OEM manufacturers in Capability from Design to Print of Automotive Sealing Systems Indian Market are customers State-of-the-art Access to Global Technology Healthy Financials
Slide 9: Strategic Growth Levers
STRATEGIC ………. GROWTH LEVERS ………. •Improve OEE (Overall Equipment Efficiency) Optimum utilization of Assets •International benchmarking •Our mantra “Every Paisa Counts” •Focus on cost optimization & operating leverage Continuous Improvement Levers of Optimization of sustainable of Operational Invest
Slide 10: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. ROOF MOULDING GLASS RUN CHANNEL INNER BELT BACK DOOR / TRUNK MOULDING SEAL - PRODUCTS WINDSHIELD MADE BY PTI (JV) TRIM DOOR OPENING - PRODUCTS MADE BY PTI (JV) AIR SPOILER OUTER BELT BLACK / BRIGHT DOOR OPENING SEAL - PRODUCTS MADE BY PT
Slide 11: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. UNDER HOOD PRODUCTS FR-PILLAR CTR-PILLAR RR -PILLAR PARTITION REAR TRAY LINING RR PANEL SIDE PROTECTORS TRUNK LINING IN CABIN PRODUCTS FENDER INNER DOOR LINING SPLASH GUARD 10
Slide 12: Pan India Presence
PAN ……….INDIA PRESENCE ………. 7 Plants 4 Locations 2 JV Plants EXTRUSION FACILITIES Noida, Uttar Pradesh (Plant I & II) Vallam Vadagal, Tamil Nadu (Plant V) 3 1 Viramgam, Gujarat 1 (Plant VII) INJECTION FACILITIES Surajpur, Uttar Pradesh 1 2 (Plant III) Pathredi, Rajasthan (Plant IV) Viramgam, Gujarat
Slide 13: Customer Base & Export Countries
CUSTOMER ………. BASE & EXPORT COUNTRIES ………. CKD EXPORTS JAPAN USA Brazil Mexico Venezuela Thailand United Kingdom South Africa Argentina 12
Slide 14: Customer Base - Our Presence in New Models
CUSTOMER ………. BASE OUR PRESENCE IN NEW MODELS ………. CUSTOMER CONTRIBUTION TWO WHEELER, 3% OTHERS , 4% HYUNDAI, 0% TATA, 3% Maruti Wagon R TKML, 5% NISSAN , 7% Tata Harrier Maruti Ertiga MSIL,49% HCIL, 30% 13
Slide 15: Competitive Edge – State of the Art Manufacturing Facility
COMPETITIVE ………. EDGE – STATE OF THE ART MANUFACTURING FACILITY ………. PPAP’s Plastic Rubber Injection Engineering Extrusion Extrusion Molding Expertise EPDM & TPV MATERIAL PP / ABS / POM PVC / TPO / PP MATERIAL 1 Location: 3 Locations: 3 Locations; 11 Extrusion Lines 2 EPDM extrusion lines,1 TPV 41 M
Slide 16: Contd... Plastic Extrusion and Injection Molding Plants
CONTD…… ………. ………. Plastic Extrusion Plant Injection Molding Plant 15
Slide 17: Customer Appreciation - Accolades
CUSTOMER ………. APPRECIATION - ACCOLADES ………. ACCOLADES FOR 2018 EXCELLENCE IN AUTOMOTIVE - ECONOMIC TIMES POLYMERS AWARDS 2018 ZERO PPM AWARD FROM TOYOTA KIRLOSKAR OVERALL PERFORMANCE AWARD FROM MSIL SUPPLIER OF THE YEAR 2017 – GOLD AWARD BY TOYOTA KIRLOSKAR ACHIEVING QUALITY TARGET AWARD FROM TOYOTA
Slide 18: Summary
SUMMARY ………. ………. 140.00 120.00 22.5% 21.6% 21.3% 19.9% 20.4% 100.00 15.0% 17.1% • Revenue from operations registered a 80.00 12.5% 15.6% growth of 3.7% from ₹ 90.22 cr in Q3FY18 15.1% ₹ Cr. 17.6% to ₹ 93.52 cr in Q3FY19 60.00 11.0% 10.4% • PAT stood at ₹ 5.94 cr 9.5% 9.1% 9.8% 8.9% 40.00 6.4% 20.00
Slide 19: Major Expense
MAJOR ………. EXPENSE (₹ Cr.) ………. Materials Employee Benefits 53.5% 18.5% 51.9% 51.3% 17.4% 48.5% 49.7% 17.0% 48.1% 16.1% 15.6% 14.1% 47.32 43.42 68.28 49.54 61.52 47.99 15.66 15.37 17.94 17.33 18.56 17.28 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Value % to R
Slide 20: Interest & Earnings
INTEREST ………. & EARNINGS (₹ Cr.) ………. INTEREST EBITDA 22.5% 21.6% 21.3% 19.9% 20.4% 17.1% 1.2% 1.2% 1.0% 1.1% 0.9% 0.8% 21.01 19.26 28.68 19.88 24.15 15.96 1.14 1.07 0.99 1.05 1.31 0.84 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Value % to Revenue Value % to
Slide 21: EPS, Book Value, Market Capitalization (BSE)
EPS, ………. BOOK VALUE, MARKET CAPITALIZATION (BSE) ………. EPS 10.06 Net Worth 204.08 202.97 8.26 198.97 192.65 6.58 6.32 181.46 5.84 177.96 4.24 21.71 22.81 26.72 28.81 30.49 28.89 249.15 254.05 269.71 278.56 285.72 284.15 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3F
Slide 22: Key Ratios
KEY ……….RATIOS ………. Net Worth Working Capital 53.13 49.03 29.9% 45.48 42.67 43.25 39.78 21.4% 20.9% 22.0% 18.8% 17.4% 16.2% 14.8% 12.9% 12.7% 12.0% 8.4% 45.58 44.97 55.64 58.05 56.23 50.24 249.15 254.05 269.71 278.56 285.89 284.15 Q2FY18 Q3FY18 Q4FY18 Q1FY19 Q2FY19 Q3FY19 Q2FY18 Q3FY18 Q4FY18 Q1FY19
Slide 23: 9 Months Summary
9………. MONTHS SUMMARY ………. Revenue from Operations (₹ Cr.) 320.00 20.00 270.0 311.85 18.00 280.00 5.97 20.8% 16.00 0.90 11.00 19.2% 240.00 14.00 8.52 12.00 200.00 14.5% 13.2% 10.00 160.00 8.00 8.6% 8.5% 6.00 120.00 4.00 260.58 294.88 80.00 2.00 16.66 18.83 269.78 311.85 - 40.00 9MFY18 9MFY19 9MFY18 9
Slide 24: Financial Performance Snapshot (FY 2015 – FY 2018)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY 2015 – FY 2018) (₹ Cs.) ………. Revenue from operations EBITDA 318.50 302.75 345.01 397.62 21.35% 19.31% 2.65 17.20% 39.86 2.33 4.16 0.15 30.44 12.67% 35.12 7.81 283.23 292.61 310.41 355.12 40.36 52.06 66.61 84.88 FY 2015 FY 2016 FY 2017 FY 2018 FY 2015 FY 2016 F
Slide 25: Financial Performance Snapshot (FY2015 – FY2018)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY2015 – FY2018) (₹ Cr.) ………. Fixed Assets (Gross Block) Working Capital 195.53 224.27 272.12 65.48 11.83 50.19 51.07 10.48 47.81 3.18 0.45 8.50 7.68 187.40 212.59 249.81 41.72 54.31 47.44 55.64 FY 2016 FY 2017 FY 2018 FY 2015 FY 2016 FY 2017 FY 2018 Tangilbe Ass
Slide 26: Consolidated Financial Snapshot (FY 2016 – FY 2018)
CONSOLIDATED ………. FINANCIAL SNAPSHOT (FY 2016 – FY 2018) (₹ Cr.) ………. PAT Earning Per Share (Rs.) 9.89% 8.10% 28.08 19.97 4.40% 10.02 4.50 14.02 27.96 39.31 2.00 3.00 FY 2016 FY 2017 FY 2018 FY 2016 FY 2017 FY 2018 PAT Margin EPS Dividend Market Capitalization (BSE) 735.07 721.00 321.40 218.40 235.6
Slide 27: Shareholding Pattern as on 31st December, 2018
SHAREHOLDING PATTERN AS ON 31ST DECEMBER, 2018 ………. ………. Promoter 1.61 2.40 8.48 0.95 Individual 22.52 Bodies Corporation 64.04 Foreign Corporation Foreign Portfolio Investor (Corporate) Others MARKET CAPITALIZATION (BSE) ₹ 534.31 CRS. 26
Slide 28: Safe Harbor
SAFE ………. HARBOR ………. Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially f
Slide 29: Thank You
For further information please contact: Mr. Manish Dhariwal PPAP Automotive Limited Ph: +91 120 2462552 / 53 Email: manish.dhariwal@ppapco.com Mr. Gaurav Girdhar THANK YOU Concept Investor Relations Ph: +91 7798232425, +91 022 40558934 Email: gaurav.g@conceptpr.com