Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q4 FY2021 Earnings Presentation
58 slides from Lumax Auto Technologies's earnings presentation, Jun 13, 2021
Slide 1: Exchange filing cover letter for investor presentation
LATL:CS:IP:2021‐22 Date : 13.06.2021 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 ‐ 400 001 Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Scrip Code :
Slide 2: Investor Presentation – Q4 & FY 2021
Lumax Auto Technologies Limited Investor Presentation – Q4 & FY 2021
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Lumax Auto Technologies Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for a
Slide 4: 75 Glorious Years of Lumax DK Jain Group
75 Glorious Years of Lumax DK Jain Group 3
Slide 5: DK Jain Group
DK Jain Group Leader in Automotive Lighting & Seven Decade Strong Gear Shifters 15 Entities in 8 States 33 Manufacturing Facilities 4 R&D Centres (India) Over 9,000 Employees & 1 Design Centre (Taiwan) 4
Slide 6: Two Listed Entities
Two Listed Entities Lumax Auto Technologies Limited Group Revenue Break Up (%) Products & Services FY21 Revenue of Rs. 2,700 Cr Intake Systems, Integrated Plastic modules, 2‐wheeler Chassis & Lighting, Gear Shifters, Transmission Products, Seat Frames, Aftermarket, Telematics Products and Services,
Slide 7: Purpose, Vision & Values
Purpose, Vision & Values LUMNAX DK JAIN eae OUR GROUP PURPOSE We celive pride and progress will positivity Lumax* Lumax™ OUR VALUES Resovect Integrity Passion Excellence DK JAIN rere) LUMAX OUR VISION Bai ing at admired high performance ¢ ohal organisation ir whom all sekebold have absolute trust.
Slide 8: Diversified Product Range – 4-wheelers & CV
Diversified Product Range – 4‐wheelers & CV Telematics Products & Services Antennas HVAC Panel Transmission Products Destination Boards & Urea Tanks for Commercial Vehicle Aftermarket products 7
Slide 9: Diversified Product Range – 2-wheelers
Diversified Product Range – 2‐wheelers 8
Slide 10: Diversified Product Range – Commercial Vehicles
Diversified Product Range – Commercial Vehicles 9
Slide 11: Diversified Product Range – Farm Equipment Sector (FES)
Diversified Product Range – Farm Equipment Sector (FES) Revolving Lamp Rear Fender Lamp Engine lamp Head Lamp Work Lamp Front Fender Lamp 10
Slide 12: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy JV FOR LIGHTING, HVAC PANELS JV FOR LIGHTING AND OTHER JV FOR EMISSION SYSTEMS AND OTHER ELECTRONICS AUTOMOTIVE PARTS Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 37.5% in Lumax 78.72% in SL Lumax 50% in Lumax
Slide 13: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence ISRAEL SPAIN JAPANJV FOR SALE OF TELEMATICS PRODUCTS AND SERVICES JV FOR OXYGEN SENSORS Relationship Since 2017 Relationship Since 2017 50% in Lumax Ituran Telematics Pvt. Ltd. Relationship Since 2014 49% in Lumax FAE Technologies Pvt. Ltd. GERMANY JAPAN
Slide 14: 33 Locations close to Customers
33 Locations close to Customers State Mfg Locations # Haryana Bawal 1 Dharuhera 1 Gurugram 3 Manesar 4 Maharashtra Pune 9 Waluj 3 Karnataka Bengaluru 2 Gujarat Sanand 1 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Tamil Nadu Sriperumbudur 1 Pune Design Centre Taiwan Andhra Anantpur 1
Slide 15: Enhanced 360° Customer View
Enhanced 360°Customer View Understand the Customer A real understanding of varying customer needs & the capability to deliver outstanding results Environmental Conscious Experienced Team Environment‐conscious work Highly Qualified & Experienced practices workforce of dedicated professionals Te
Slide 16: Relationships with Diversified Customers
Relationships with Diversified Customers Two Wheeler Four Wheeler Commercial Vehicle Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 15
Slide 17: Relationships with Diversified Customers … Strong After Market Exports Presence
Relationships with Diversified Customers Tractor/FES Export Defence & Aero Space … Strong After Market Exports Presence The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 16
Slide 18: Lumax Auto Technologies Limited – Driving Growth through Diversified Products
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 19: Competitive Strengths
Competitive Strengths Award Lumax Brand Awarded with Prestigious JIPM Award Renowned LUMAX Brand Auditors Customer Outreach Statutory Auditors ‐ S. R. Strong OEM presence Batliboi & Co. LLP. & Over 300 Channel Partners Internal Audit by Deloitte Products & Services Intake Systems, Integrated Plastic
Slide 20: Milestones
Milestones 1997: A Unit was setup in 2007‐10 Waluj, Maharashtra to manufacture Chassis 2000: The company was 1981: Lumax Auto Electricals selected as cluster member was established to manufacture 2007: Setup Seat frame for TPM activities by Bajaj 2001‐2006 manufacturing plant in PCNTDA, 2‐wheeler Li
Slide 21: Milestones
Milestones 2013: Setup a plant at Narsapur, Karnataka to manufacture Moulded parts Formed JV with Gill Austem LLC, USA to manufacture Seat frames & Mechanism 2014: JV company with Mannoh 2011: Setup state‐of‐the art Industrial Company, Japan Surface Mounted Technology started as Lumax Mannoh Allied
Slide 22: Milestones
Milestones 2017: Chakan plant received TPM excellence award from JIPM Formed a JV with Ituran Location 2020 2018: Setup an R&D center and Control Limited, Israel to under Lumax Cornaglia Auto provide Telematics Products and Technologies Pvt Limited at Services Pune 2020: Bengaluru plant has Formed a
Slide 23: Well defined Corporate Structure
Well defined Corporate Structure Lumax Auto Technologies Limited 50% 100% 55% 100% 100% Lumax Cornaglia Lumax Mannoh Lumax Mettalics Pvt Lumax Management Lumax Integrated Auto Technologies Allied Technologies Limited * Services Pvt Limited Ventures Limited Pvt Limited Limited June 2007 Nov 2013 July
Slide 24: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Italy Japan Spain JV for Emission Systems JV for Gear Shifters JV for Oxygen Sensors Relationship Since 2007 Relationship Since 2008 2017 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied 49% in Lumax FAE Technologies Pvt Limited Technologies Limited
Slide 25: Cater to Diversified Segments
Cater to Diversified Segments Lighting Module(incl. Gear Shift Lever Integrated Plastic HL/TL/Indicators & Put Text Here Your Text Here Modules Others) Gear Shift Tower Gear Shift Lever Chassis for 2‐wheelers Control Housing Seat Structures Fabricated parts for 3‐ Intake Systems
Slide 26: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle Two Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 25
Slide 27: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 4 No of Plants: 2 Integrated Plastic Lighting Modules Products Gear Shifters Painted Parts Transmission Products Products OE Accessories Oxygen Sensors Urea Tank Gurugram (HR) Domestic and Exports Trading ‐ Af
Slide 28: Shareholding as of 31st March, 2021
Shareholding as of 31st March, 2021 Shareholding breakup Others 18.59% Institutions Promoters 25.43% 55.98% 27
Slide 29: Clear focus on Improving Performance
Clear focus on Improving Performance 1 Achieve Leadership in India & Set Sight on the Global Market The Only Gear Shifter Manufacturer in India to have Localised R&D Capability and 2 Gearing to Access the Global Markets Emission Systems – Increase Presence in Domestic Market & Enhance Customer 3 Out
Slide 30: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director He is 46 years of age & is a Business He is 78 years of age & holds a MBA He is 42 years of age & holds Bachelors Graduate from Illinois Institute of degree from Delhi university & h
Slide 31: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Ms. Diviya Chanana Mr. Arun Malhotra Mr. A P Gandhi He is 71 years of age & He is 70 years of She is 51 years of He is 63 years of age • He is 83 years old & is a is a Mechanical age & holds B.A. age and she is a & hol
Slide 32: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Naval Khanna Mr. Vikas Marwah Mr. Raajesh Gupta Director & Group CFO Corporate Head – Taxation Chief Executive Officer Group Company Secretary Age: 53 years Age: 63 years Age: 54 years Age: 51 Years Experience: 29 Years Experience: 43 years Experi
Slide 33: Professional & Experienced Team
Professional & Experienced Team Mr. Rajesh Dubbewar Mr. Sanjay Bhagat Head Metallic Head After Market Age: 53 years Age: 54 years Experience: 30+ years Experience: 29 years Mr Ashish Popli Mr Anil Tyagi Head Mechatronics Company Secretary Age: 43 years Age: 49 years Experience: 21 years Experience:
Slide 34: Financial Performance
LUMNAX Financial Performance
Slide 35: Product-wise Revenue Q4 FY21
Product‐wise Revenue Q4 FY21 Product‐wise Revenue mix Q4 FY20 Product‐wise Revenue mix Q4 FY21 (Rs. 273 Crores) (Rs. 388 Crores) Other Other Integrated 9% Integrated Emmision 6% Emmision Plastic Plastic 7% 5% Modules Modules 25% 28% Shifter Shifter 11% 12% Lighting Lighting 13% 12% Fabrication Fabri
Slide 36: Product-wise Revenue FY21
Product‐wise Revenue FY21 Product‐wise Revenue mix FY20 Product‐wise Revenue mix FY21 (Rs. 1,141 Crores) (Rs. 1,108 Crores) Others Emission Others Emission 8% Integrated 7% 6% Intergrated 4% Plastic Plastic Modules Modules 30% 28% Shifter Shifter 11% 11% Lighting Lighting 13% 12% Fabrication After F
Slide 37: Segmental Revenue Break-Up Q4 FY21: Category
Segmental Revenue Break‐Up Q4 FY21: Category Category Q4 FY20 Category Q4 FY21 (Rs. 273 Crores) (Rs. 388 Crores) 11% 9% 8% 11% 42% 41% 19% 21% 20% 18% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others 36
Slide 38: Segmental Revenue Break-Up FY21: Category
Segmental Revenue Break‐Up FY21: Category Category FY20 Category FY21 (Rs. 1,141 Crores) (Rs. 1,108 Crores) 7% 7% 7% 10% 48% 45% 18% 20% 20% 18% 2/3 Wheeler Passenger Car After Market CV Others 2/3 Wheeler Passenger Car After Market CV Others 37
Slide 39: Customer wise – Revenue Q4 FY21
Customer wise – Revenue Q4 FY21 Customer wise Q4 FY20 Customer wise Q4 FY21 (Rs. 273 Crores) (Rs. 388 Crores) Toyota Lear 2% 1% Toyota Others 2% Lear 17% Tata Others Bajaj Bajaj 2% 6% 14% Tata 34% 32% 2% MSIL MSIL 7% 6% HMSI 9% HMSI After Market LIL After Market 8% LIL 19% 9% 21% 9% 38
Slide 40: Customer wise – Revenue FY21
Customer wise – Revenue FY21 Customer wise FY20 Customer wise FY21 (Rs. 1,141 Crores) (Rs. 1,108 Crores) Toyota Lear Toyota Others 1% 1% 2% Lear Tata 2% 12% Tata Others 1% 5% Bajaj Bajaj 13% 37% 35% MSIL MSIL 7% 6% HMSI 10% HMSI 11% LIL LIL After Market 9% After Market 10% 18% 20% 39
Slide 41: Consolidated Quarterly Performance Highlights
Consolidated Quarterly Performance Highlights Revenue EBIDTA PAT 7.7% 11.5% 12.0% 11.2% 2.2% 5.4% Y‐o‐Y Performance +122% +246% +42% 47 21 388 273 21 6 Q4FY20 Q4FY21 Q4FY20 Q4FY21 Q4FY20 Q4FY21 11.7% 12.0% 6.3% 5.4% Q‐o‐Q Performance +10% +6% ‐9% 388 47 23 365 43 21 Q3FY21 Q4FY21 Q3FY21* Q4FY21 Q3FY
Slide 42: FY21 Highlights – Consolidated
FY21 Highlights ‐ Consolidated Revenue EBIDTA PAT 9.5% 10.3% 4.4% 4.3% 1,141 114 50 1,108 109 47 FY20 FY21 FY20 FY21* FY20 FY21 Rs. Crores *FY21 EBITDA: Excluding gain on sale of property – Rs. 2.22 crores excluded from Other Income 41
Slide 43: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ 1,187.0 1,140.9 123.9 1,111.5 1,107.9 116.2 113.9 108.8 965.4 86.1 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21* PAT After MI Cash PAT 53.2 80.3 84.3 81.3 48.7 49.8 47.1 74.0 34.5 58.1 FY17 FY18 FY19 FY20 FY21 FY17 FY18 FY19 FY20 FY21 Fina
Slide 44: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 606 25.5 533 23.4 481 424 375 15.0 11.0 11.5 FY17* FY18* FY19* FY20* FY21* FY17* FY18* FY19* FY20* FY21* Capex Long Term Debt / Equity 79 0.05 0.05 0.05 65 52 50 0.03 0.03 36 FY17* FY18* FY19* FY20* FY21* FY17* FY18* FY19* FY20* F
Slide 45: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 28.0 13.5 24.0 10.7 11.2 18.5 8.9 16.0 14.9 FY17* FY18* FY19* FY20* FY21* FY17* FY18* FY19* FY20* FY21* Dividend (% of Face Value) EPS^ (in Rs.) 150.0 150.0 150.0 7.8 7.2 7.3 7.3 6.9 100.0 47.0 FY17 FY18 FY19 FY20 FY21 FY18* FY19* FY20* FY21* FY21* (Proposed) ROCE
Slide 46: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q4 FY21 Q4 FY20 Y‐o‐Y FY21 FY20 Y‐o‐Y Revenue 388.0 272.7 42% 1,107.9 1,140.9 ‐3% Raw Material Consumption 264.1 184.4 750.7 772.4 Employee Expenses 40.3 32.0 132.4 134.8 Other Expenses 40.8 41.7 126.8 142.8 Other Income 4.0 6.5 18.2* 18.1 Prof
Slide 47: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores.) Mar‐21 Mar‐20 EQUITY & LIABILITIES Mar‐21 Mar‐20 Non‐current assets Equity Property, plant and equipment 331.54 307.42 Capital work‐in‐progress 9.33 20.74 Equity Share capital 13.63 13.63 Investment Property 17.59 18.16 Non Controlling Interest 40.3
Slide 48: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs in Cr) FY21 FY20 Proftt before tax from continuing opetations 71.5 64.7 Profit before tax from discontinued operations 0.0 9.5 Adjustments 31.2 36.0 Operating profit before working capital changes 102.7 110.2 Changes in working capital 10.0 ‐14.1 Cash
Slide 49: Awards & Recognitions
LUMNAX Awards & Recognitions
Slide 50: Awards & Recognition
Awards & Recognition Lumax Metallic Private Limited, Pune won the Gold Award in the category Excellence in HSE – Small at the ACMA Excellence Awards 2020 in February 2021. Lumax Auto Technologies Limited, Bengaluru won JIPM‐TPM award for excellence in Category A for the year 2019 Lumax Auto Technolo
Slide 51: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Limited, Manesar won the Bronze Award in Excellence in HR at the ACMA Technology Summit & Awards in November, 2019. Lumax Mannoh Allied Technologies Limited, Manesar bagged Silver Award at ICQCC 2019 held at Tokyo, Japan in September, 2019. A tot
Slide 52: Awards & Recognition
Awards & Recognition Lumax Cornaglia Auto Technologies Pvt. Ltd. was awarded the Silver Award in Manufacturing Excellence (Medium Category) and Lumax Auto Technologies Limited , Pantnagar was awarded the Silver Award in Manufacturing Excellence (Large Category) by ACMA in 2019 Lumax Gill‐Austem Auto
Slide 53: Awards & Recognition
Awards & Recognition Won the prestigious Gold award for Won the prestigious Platinum award Top 100 best annual report from for best annual report from League of League of American Communications American Communications Professionals (LACP) for excellence Professionals (LACP) for excellence within it
Slide 54: Awards & Recognition
Awards & Recognition Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 21 53
Slide 55: State-of-the-Art Manufacturing Facilities
State‐of‐the‐Art Manufacturing Facilities 54
Slide 56: State-of-the-Art Manufacturing Facilities
State‐of‐the‐Art Manufacturing Facilities 55
Slide 57: CSR Initiatives
CSR Initiatives Towards its endeavour to give back to society, the group has taken various initiatives towards Education of the underprivileged. Four schools in the NCR region, close to its facilities have been adopted, starting with improving its infrastructure, to facilitating the annual fee so as
Slide 58: For further information, please contact
For further information, please contact: Company: Investor Relations Advisors: Lumax Auto Technologies Limited Strategic Growth Advisors Pvt. Limited CIN: L31909DL1981PLC349793 CIN: U74140MH2010PTC204285 Ms. Priyanka Sharma Mr. Shogun Jain / Ms. Akashi Modi priyanka.sharma@lumaxmail.com shogun.jain@
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