Lumax Industries Limited · NSE:LUMAXIND
Lumax Industries — Q2 FY2025 Earnings Presentation
34 slides from Lumax Industries's earnings presentation, Nov 13, 2024
Slide 1: Filing cover letter to BSE and NSE
LIL:CS:IP:2024-25 Date: 13.11.2024 BSE Limited National Stock Exchange of India Limited Listing & Compliance Department Listing & Compliance Department Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G, Dalal Street, Mumbai - 400001 Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Security Cod
Slide 2: Lumax Industries Limited Q2FY25 Investor Presentation
Lumax Industries Limited Q2FY25 Investor Presentation
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any secu
Slide 4: About Lumax Industries
About Lumax Industries Leading Automotive Lighting Manufacturer having a Tier I relationship with all OEMs in India # 2 4 Strong International JV Partners – 2 R&D centers & 2 Overseas Market Leadership in automotive Stanley and SL Corporation; Design centers to stay ahead of Lighting having leadersh
Slide 5: Milestones
Milestones 1981: Lumax Industries Pvt 1945: Founded a partnership 1994: Equity participation of Limited established after taking firm ‘Globe Auto Industries’ as Stanley, Japan in Lumax over partnership firm Globe a Trading concern Industries Limited Auto Industries 1956-57: Set-up dedicated unit 199
Slide 6: Global Partnerships
Global Partnerships Relationship since 1984 Relationship since 1997 JV for Lighting, HVAC Panels and other Electronics JV for Lighting and Other Automotive parts 37.5% in Lumax Industries Limited 21.28% in SL Lumax Limited Stanley, Japan SL Corporation, Korea • Lumax has maintained a strong, four-de
Slide 7: SL Lumax
SL Lumax About SL Lumax Limited In partnership with SL Corporation, Korea, a multinational automotive player with presence in Asia-Pacific, Europe & US Plant located at Sriperumbudur near Chennai Products include Head Lamp, Rear Combination Lamp, Fog Lamp, Chassis, Trim & Mirrors, Shift Lever,
Slide 8: Strategic Manufacturing Locations in Proximity to Customers
Strategic Manufacturing Locations in Proximity to Customers Dharuhera Pantnagar Bawal Haridwar Chakan Bawal – Electronic Facility Chakan II Sanand Chinchwad Sanand II SL Lumax Ltd Chennai Bengaluru Czech R&D Centre & Design Centre Taiwan Republic Gurugram R&D Centre Pune … in Key Auto Belts of India
Slide 9: Board of Directors
Upholding excellence in Corporate Governance Board of Directors Mr. Tadayoshi Aoki Mr. Dhanesh Kumar Jain Senior Executive Director Chairman Emeritus He is Nominee Director of Stanley Over 50 years of experience in the Electric Co. Limited, Japan and automotive industry in management, possesses over
Slide 10: Visionary Leadership Team
Visionary Leadership Team Mr. Raju B Ketkale Mr. Sanjay Mehta Mr. Todd Morgan Chief Executive Officer Group CFO Chief Technology & Innovation Officer Experience: 30+ Years Experience: 30+ Years Experience: 25+ Years Mr. Raajesh Kumar Gupta Mr. Ravi Teltia Executive Director & Company Chief Financial
Slide 11: Inhouse Technological Developments
Inhouse Technological Developments Portfolio of Low-Profile OLED Rear Lamps w/ Low Cost LED Headlamp Ultra Homogenous Lux-LED Headlamp Projector Animation Modules Signal Lamps Modules Grille Lighting with Matrix (ADB) Headlamp Innovative Interior and Animation / Charging Image Projection Modules Mod
Slide 12: Technology Evolution
Lighting Technology Roadmap Technology Evolution • Slim Line Modules including 1 row A) • Illuminated logos, grilles & letters • Micro optics foils or • ADAS Sensor Integration molded structures • MEMS or DLP road • MEMS or DLP ADB & AFS • Night Vision Systems projections • MLA (Lumax version, Integ
Slide 13: In House R&D and Validation Facility
In House R&D and Validation Facility Leader in Automotive Lighting 12
Slide 14: CSR Initiatives
CSR Initiatives Lumax Charitable Foundation, the CSR arm of Lumax, actively works on the 3 SDGs – • Quality Education, Good Health and Clean Water and Sanitation. • Students in adopted government and low-income private schools are supported through various initiatives beyond school learning in terms
Slide 15: Our ESG Roadmap
Our ESG Roadmap Lumax – Plant Carbon Neutrality Strategy 100% ETP & STP Advance 100% rain-water 25% reduction of 30% reduction of 40% reduction in all plants Equipment harvesting setup. Co2 (Supply Co2 (Supply of Co2 (Supply Diversity ratio installation for the 10% reduction of chain
Slide 16: Celebrating Milestones with Awards & Accolades
Celebrating Milestones with Awards & Accolades Lumax Industries received the Human Resource Lumax Group at Maruti Suzuki Vendor Conference 2024 Lumax Industries limited has received the Electrical Certificate on account of successful implementation of at Antalya - Turkey won the Supplier Collaborati
Slide 17: Q2 & H1FY25 Operational & Financial Performance
Q2 & H1FY25 Operational & Financial Performance
Slide 18: Management Commentary
Management Commentary Commenting on the Q2 & H1FY25 performance of the company Mr. Deepak Jain, Chairman & Managing Director for Lumax Industries Limited said, “We are pleased to report strong Q2 and H1FY25 performance, with revenues increasing by 26% for the quarter compared to Q2FY24, and by 25% f
Slide 19: Q2 & H1FY25 – Financial Snapshot
Q2 & H1FY25 – Financial Snapshot Revenue (Rs. In Crs) EBIDTA (Rs. In Crs) PAT (Rs. In Crs) +25.0% +19.4% +26.5% 1,578 132 63 +26.1% 1,262 111 49 +9.9% +7.7% 812 62 28 644 57 26 Q2FY24 Q2FY25 H1FY24 H1FY25 Q2FY24 Q2FY25 H1FY24 H1FY25 Q2FY24 Q2FY25 H1FY24 H1FY25 EBIDTA Margin PAT Margin -110 bps +10 b
Slide 20: Orderbook Break-up
Orderbook Break-up Total Order Book for the company stands at Rs 2,900+ Crores LED v/s Conventional EV v/s Non-EV PV, 2/3W, Others 1% 13% 25% 35% 65% 74% 87% LED Conventional EV Non EV PV 2W & 3W Others Leader in Automotive Lighting 19
Slide 21: H1FY25 – Segment wise revenue break-up
H1FY25 – Segment wise revenue break-up LED v/s Conventional Segment Mix 5% 6% 36% 29% 28% 47% H1FY24 H1FY25 53% H1FY24 H1FY25 64% 66% 66% Conventional LED Passenger Vehicle Two Wheeler Commercial Vehicle Product Mix 9% 11% 25% 23% H1FY24 H1FY25 66% 66% Front Lighting Rear Lighting Others Leader in A
Slide 22: Q2FY25 – Revenue mix among Customers
Q2FY25 – Revenue mix among Customers Customer wise Sales Customer wise Sales (Rs. 633 Crores)* (Rs. 760 Crores)* 32 18 (5%) 94 (3%) (12%) 31 (5%) 183 32 191 20 (24%) (5%) (30%) 33 (3%) (4%) 33 29 (5%) (4%) Q2FY24 39 Q2FY25 51 (5%) (8%) 54 (7%) 150 50 (20%) (8%) 109 61 (17%) (8%) 86 (14%) 96 (13%) MS
Slide 23: H1FY25 – Revenue mix among Customers
H1FY25 – Revenue mix among Customers Customer wise Sales Customer wise Sales (Rs. 1,218 Crores)* (Rs. 1,462 Crores)* 88 148 35 (7%) (10%) (3%) 62 38 355 (5%) 346 61 (3%) (24%) (28%) (4%) 67 58 (6%) (4%) 61 84 (5%) (6%) H1FY24 H1FY25 99 (8%) 124 (8%) 278 190 (19%) 99 (16%) (8%) 123 (8%) 171 194 (14%)
Slide 24: Standalone Profit & Loss Statement
Standalone Profit & Loss Statement Particulars (Rs. in Crores) Q2FY25 Q2FY24 Y-o-Y Q1FY25 Q-o-Q H1FY25 H1FY24 Y-o-Y Manufacturing Revenue 759.5 633.3 702.2 1,461.7 1,217.5 Moulds Revenue 52.3 10.5 63.6 115.9 44.7 Total Operating Revenue 811.8 643.8 26.1% 765.8 6.0% 1,577.6 1,262.2 25.0% Other Income
Slide 25: Standalone Balance Sheet
Standalone Balance Sheet ASSETS (Rs. in Crores) Sep-24 Mar-24 EQUITY & LIABILITIES (Rs. In Crores) Sep-24 Mar-24 Non-current assets Equity Property, plant and equipment 908.1 833.5 Equity Share capital 9.3 9.3 Capital work-in-progress 191.3 177.1 Other equity 529.9 530.8 Right of use assets 105.0 10
Slide 26: Standalone Cashflow Statement
Standalone Cashflow Statement Particulars (Rs. in Crores.) Sep-24 Sep-23 PBT 42.4 47.4 Adjustments 84.0 60.8 Operating profit before working capital changes 126.4 108.2 Changes in working capital -151.6 -98.3 Cash generated from operations -25.2 9.8 Direct taxes paid (net of refund) 10.5 10.7 Net Ca
Slide 27: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Particulars (Rs. in Crores) Q2FY25 Q2FY24 Y-o-Y Q1FY25 Q-o-Q H1FY25 H1FY24 Y-o-Y Manufacturing Revenue 759.5 633.3 702.2 1461.7 1217.5 Moulds Revenue 52.3 10.5 63.6 115.9 44.7 Total Operating Revenue 811.8 643.8 26.1% 765.8 6.0% 1,577.6 1,262.2 25.0% Other Income
Slide 28: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores) Sep-24 Mar-24 EQUITY & LIABILITIES Sep-24 Mar-24 Non-current assets Equity Property, plant and equipment 911.4 836.1 Equity Share capital 9.3 9.3 Capital work-in-progress 192.2 177.7 Other equity 686.9 662.2 Right of use assets 110.8 113.9 Sub-total
Slide 29: Consolidated Cashflow Statement
Consolidated Cashflow Statement Particulars (Rs. in Crores) Sep-24 Sep-23 PBT 82.8 71.9 Adjustments 46.7 37.1 Operating profit before working capital changes 129.5 109.0 Changes in working capital -147.6 -92.5 Cash generated from operations -18.2 16.5 Direct taxes paid (net of refund) 11.6 10.7 Net
Slide 30: Key Ratios
Key Ratios RoE RoCE Dividend Per Share 15% 25% 35.00 13% 12% 22% 12% 27.00 17% 17% 15% 13.50 4% 7.00 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY23 FY24 Long Term Debt / Equity Asset Turns (x) 0.4 1.80 1.80 0.3 1.50 1.30 1.10 0.2 0.2 0.0 FY21 FY22 FY23 FY24 H1FY25 FY21 FY22 FY2
Slide 31: About DK Jain Group
LUMNAX About DK Jain Group
Slide 32: About Lumax Group
About Lumax Group Building an admired high Respect Integrity Our performance Global Our We deliver Pride and Progress Our Organization in whom all Vision stakeholders have absolute Purpose with Positivity Values Passion Excellence trust Leader in About DK Jain Group Automotive 38 Manufacturing Over
Slide 33: Lumax Group - Two Listed Entities
Lumax Group - Two Listed Entities Lumax Auto Technologies Lumax Industries Partnerships & JV’s Partnerships & JV’s Cornaglia – Italy YOKOWO - Japan Mannoh – Japan JOPP - Germany Stanley – Japan Ituran – Israel FAE – Spain Alps Alpine – Japan IAC - USA Group SL Corporation - Korea
Slide 34: Thank You
Thank You For further information, please contact: Company Investor Relations Lumax Industries Limited Strategic Growth Advisors Pvt. Limited CIN: L74899DL1981PLC012804 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Mr. Sagar Shroff priyanka.sharma@lumaxmail.com shogun.jain@sgapl.n