Slide 1: Minda Corporation Limited Investor Presentation Q1 FY2017-18
Minda Corporation Limited Driver Information (NSE: MINDACORP; BSE: 538962) And Telematics System Investor Presentation Q1 FY2017-18 Safety, Security And Restraint System September 2017 Interior System Instrument Clusters Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plastic
Slide 2: Minda Corporation - Earnings Conference Call
Minda Corporation - Earnings Conference Call Earnings Conference Call – Q1 FY2018 Thursday, September 14, 2017 at 3.30 PM IST The management team of Minda Corporation will be represented by: Mr. Ashok Minda - Chairman and Group CEO Mr. R. Laxman - Group President, Finance Mr. N.K Taneja - Group Chie
Slide 3: Table of Contents
Table of Contents 1. Minda Corporation at a glance 2. Regulatory Changes – Ind AS 3. Consolidated Performance 4. Recent Achievements 5. Future Growth Areas 6. Company Background 7. Our Team 8. Annexures Investor Presentation 3
Slide 4: Minda Corporation at a glance
Minda Corporation at a glance Group Businesses of Minda Corporation Minda Corp (Consolidated) Minda Management Services Limited (Corporate) Safety Security and Driver Information and Interior System After Market Restraint system Telematics System • Minda Corporation Ltd • Minda Furukawa Electric • M
Slide 5: Regulatory Changes – Ind AS
Regulatory Changes – Ind AS IND-AS Applicability • Institute of Chartered Accountants of India (ICAI) issued Indian Accounting Standards (Ind AS) which have been notified under the Companies (Indian Accounting Standards) Rule, 2015 of the Companies Act, 2013 • The Ind AS are applicable to Minda Corp
Slide 6: Consolidated Performance
Consolidated Performance Consolidated Financial Performance: Q1 FY2017-18 The Company has adopted Ind AS from 1st April 2017 Total revenues from operations increased by 19.2% y-o-y to Rs. 6,233 million Q1 FY2017-18 EBITDA was Rs. 443 million; margins stood at 7.1% Net profit stood at Rs. 230
Slide 7: Consolidated Performance: Revenue, EBITDA, Net Profit
Consolidated Performance Commentary – Q1 FY2018 vs. Q1 FY2017 6,233 The revenues increased by 19% y-o-y in the Q1 FY2017-18 on account of steady growth across Revenue 5,228 • business systems and increased tooling sales. • Sales growth in business systems was approx. 10% • Sales growth in tooling bu
Slide 8: Consolidated Sales of Subsidiaries
Consolidated Performance Consolidated Sales for Q1 FY2018 of Subsidiaries (In Rs. mn)* 2,153 2,014 1,405 456 290 237 94 79 Minda SAI Minda Minda KTSN Minda Minda PT Minda Minda Vietnam Minda Corporation Automotive Autoelektrik Indonesia Management Solutions Services Sales breakup for Q1 FY2018 of Su
Slide 9: Recent Achievements
Recent Achievements Investor Presentation 9
Slide 10: Recent Achievements: Significant Orders Booked
Recent Achievements Significant Orders Booked Safety, Security and Driver Information and Interior Restraint System Telematics System System (Lifetime order worth approx. Rs. 155 Cr) (Lifetime order worth approx. Rs. 325 Cr) (Lifetime order worth approx. Rs. 300 Cr) • Orders received for Die casting
Slide 11: Acquisition of EI Labs, a connected mobility and IoT solutions Co.
Acquisition of EI Labs, a connected mobility and IoT solutions Co. • Located in Bangalore, EI Labs India Pvt Ltd delivers interdisciplinary products in the connected mobility and IoT space • The acquisition will enable the group to • expand into fast growing Connected Mobility market in India and ab
Slide 12: Minda Corp AGM
Minda Corp AGM Minda Corporation’s 32 nd Annual General Meeting Monday, August 21, 2017 PHD Chamber of Commerce and Industry, PHD House, New Delhi Mr. Ashok Minda, Chairman, addressing Mr. R. Laxman, Group President - Finance, giving Mr. Ajay Sancheti, Head - Group Legal and Company shareholders pre
Slide 13: Future Growth Areas
Future Growth Areas Investor Presentation 13
Slide 14: Future Growth Areas: Die Casting Plant, SMIT
Future Growth Areas MCL: Greenfield expansion for Die Casting Plant at Pune • Minda Corp (Die Casting - Pune) to commence commercial operations in Q2 FY2017-18 • Facilities include: • Aluminium Gravity and Low Pressure Die Casting with machining • Separate machine shop with focus on precision parts
Slide 15: Key Growth Drivers: Electrification and Connected Mobility
Key Growth Drivers SMIT, Pune Connected Car Connected Commercial Vehicle / Tractor Connected Cluster Connected Mobility Immobilizer 2W-EFI Electrification 2w-ABS ADAS ISG Electronification Multifunction iRIS 1.0 / 2.0 Smart Key Virtual Key IOT- Genset ECU / BCM Investor Presentation 15
Slide 16: Minda KTSN: Greenfield Plant at Mexico
Future Growth Areas Minda KTSN: Greenfield Plant at Mexico • Minda KTSN (Interior System - Mexico) commenced commercial production in Q1 FY2017-18 • Total area of the plant is c. 17,320 sqm. • Received orders for the manufacturing of parts including Glove Box, St. Column, End Cap, Hang on parts and
Slide 17: Key Growth Drivers
Key Growth Drivers Focused approach to tap potential growth opportunities Incremental demand of electronics and technological advanced products such as EFI/EMS 1. Systems, ABS and CBS, EGT/EGRT Sensors, ISG, ADAS, connected cars, PM Sensors / Soot, Body Control Modules etc in non legacy product busi
Slide 18: Improvements and Potentials
Improvements and Potentials Improvement plan continues to be undertaken in FY2017-18 S. No Particulars 1 Minda Furukawa action plan for improvement underway 2 Optimization of employee cost 3 Increase in better margin business in export and electronics 4 Margin improvements in Minda KTSN Investor Pre
Slide 19: Company Background
Company Background Investor Presentation 19
Slide 20: Group Operating Structure
Group Operating Structure Minda Corporation Minda Minda Minda KTSN Minda Minda Minda SAI Management Furukawa Plastic Automotive Autoelektrik Ltd Services Electric (51%) Germany** Minda Stoneridge Minda VAST Access Minda KTSN Plastic (51%) Systems (50%) Poland EI Labs India Pvt Ltd Minda KTSN Plastic
Slide 21: Safety, Security and Restraint System
Safety, Security and Restraint System Companies Product Portfolio Key Customers & No of Plants • Bajaj Auto • TVS Minda Corp • Ashok Leyland 10 (Standalone) Complete Lock Lock for Off road Steering and Aluminium High Pannier Latches Gear Shift Pressure Die Casting Compressor Housing Intake • Yamaha
Slide 22: Driver Information and Telematics System
Driver Information and Telematics System Companies Product Portfolio Key Customers & No of Plants • M&M • HMSI Minda SAI* • TVS 9 • Ashok Leyland Wiring Harness Solutions Terminals Battery Terminals Connectors Plastic Interiors • Hero Moto Corp • Maruti Suzuki Minda Furukawa • Renault-Nissan 4 • Hon
Slide 23: Interior Systems
Interior Systems Companies Product Portfolio Key Customers & No of Plants Minda KTSN Plastic Solution GmbH & Co. KG Steering Structural (Germany) Oil Sump Quick Connectors Middle Arm Rest Seat Panel Glove Box Ash Tray Cup Holder Column Parts Minda KTSN Plastic & Tooling • VW Group (Audi and Porsche
Slide 24: After Market
After Market Company Product Portfolio Door Handles Sensor Clutch Plates Control Cables 2/3W Locks Minda Automotive Solutions Ltd Wiper Blades Glow Plug Brake Shoe Wiring Harnesses Instrument Cluster Filters • Aftermarket sales contributes about 8% to the total revenues • Sales from Aftermarket is i
Slide 25: Group at a glance
Group at a glance Category Product Portfolio Company End Market * Plant Locations / Offices Group Corp Corporate Office • Minda Management Services Ltd. - Gurgaon 2/3 W, CV, Tractors, Off Aurangabad (2), Greater Noida, • Minda Corporation Ltd. Road Vehicles Noida, Pant Nagar (2), Pune (4) Electronic
Slide 26: Consolidated Financial Performance: Annual Trend
Consolidated Financial Performance Consolidated Annual Performance Trend Revenue (Rs. mn) EBITDA (Rs. mn) and Margin (%) 29,620 2,082 2,234 24,455 1,981 19,706 1,561 15,939 FY2014 FY2015 FY2016 FY2017 FY2014 FY2015 FY2016 FY2017 PAT (Rs. mn) and Margin (%) 1,073 895 961 793 FY2014 FY2015 FY2016 FY20
Slide 27: Key Markets
Key Markets Manufacturing facilities strategically located globally providing support to OEMs South East Asia Driver 4.5% Safety and Information and Interior Europe Location 22.5% Security System Telematics System System India 13 15 Europe 3 North America 1 South East Asia 2 Total 15 15 4 India * Re
Slide 28: Key Customers
Key Customers 2-3 Wheelers Passenger Vehicles Commercial & Off Others Highway Vehicles Revenue Breakdown by End Market (Q1 FY2018) After Market 7.6% 2-3 Wheelers Passenger 39.2% Vehicles 30.4% Commercial & Off Highway Investor Presentation Vehicles 22.8% 28 Note: Financials as per IND-AS
Slide 29: Our Partners
Our Partners Joint Ventures & Technology Tie ups with Leading Global Firms Minda Group’s Year of Partner Country Segment Key Products (JV) Summary Stake / JV Company • Furukawa electric is a Tokyo listed electronic 51% / Driver equipment manufacturing company Wiring Harness, Terminals, Minda Informa
Slide 30: Our Team
Our Team Investor Presentation 30
Slide 31: Eminent and Experienced Board of Directors
Our Team Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. Sudhir Kashyap Mr. R. Laxman Executive Director & CEO Director & Group President, Finance Mr. Avinash P. Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram Gandhi On the Board of GPR On the Board of Set
Slide 32: Senior Management
Our Team Senior Management Description Ashok Minda • Over 30 years of experience in the Auto Industry Chairman and Group • Member of various Committees of the Company's Board CEO • The Group under the leadership of Mr. Minda broke new frontiers by joining hands with world renowned companies of USA,
Slide 33: Annexures
Annexures Investor Presentation 33
Slide 34: Investors Information
Investors Information Market Data (8 Sep 2017) No. of Shareholders 17,505 17,217 Market Cap. (Rs. mn) 22, 940 12,047 Outstanding Shares (mn) 209.3 7,951 52 week High/Low 143.6/85.5 5,387 5,670 4,325 Bloomberg / Reuters Ticker MDA:IN / MINC.NS Dec-15 Mar-16 Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Sharehol
Slide 35: Awards and CSR
Awards and CSR Recent Awards Manufacturing Mr. NK Taneja; Group Mr. Sanjiv Jain; Group PT Minda: MFE – Awarded with 2nd Spark Minda Silver award for Excellence Award Chief Marketing Chief Information Best Suzuki Best DDU-GKY Magazine - Award for best in class presented by Officer Technology Officer
Slide 36: Journey So Far
Journey So Far Our History - Long standing presence of over 5 decades Foundation of Group • Acquired 100% Acquired Sylea Automotive through Minda • JV with Furukawa, Japan to form Minda • Inaugurated the by Late Sh. S.L. equity of ‘Minda Wirelinks Pvt. Ltd. and consolidated as Furukawa Electric Pvt.
Slide 37: Key Investment Themes
Key Investment Themes High value, technologically advanced products; global presence with 34 plants Technological tie ups with global automotive component manufacturers Well diversified customer base, product portfolio and business segments Low leverage providing significant flexibility for organic
Slide 38: Thank You
Thank You This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business de