Sml Mahindra Limited · NSE:SMLMAH
Sml Mahindra — SML Isuzu — IDFC Securities Virtual Investors Conference 2020
31 slides from Sml Mahindra's conference presentation, Sep 17, 2020
Slide 1: Letter to stock exchanges on investor presentation
SML/SEC/EXCH 17.09.2020 Dy. General Manager- The Secretary Corporate Relationship Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor P J Towers, Dalal Street, Fort Plot No. C/1, G Block Mumbai 400 001 Bandra – Kurla Complex Bandra (East), Mumbai 400 051 Scrip Code
Slide 2: SML Isuzu Limited Company Presentation
SML ISUZU LIMITED Company Presentation IDFC Securities Virtual Investors Conference 17th September, 2020 (Thursday)
Slide 3: Safe Harbor
Safe Harbor • This presentation and the accompanying slides (the “Presentation”), which have been prepared by the Company have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form t
Slide 4: Board of Directors
Board of Directors S.K.Tuteja, IAS After serving on the key assignments in various Government Departments at (Retd.) Punjab and Center, Mr. Tuteja retired as Secretary, Food & Public Distribution, Chairman Government of India in 2005. Mr. Tuteja has around 50 years of rich experience in & Independ
Slide 5: Board of Directors
Board of Directors C. S. Verma Mr. Verma is a Commerce post-graduate with a Master’s degree in Business Independent Administration and a Bachelor’s degree in Law (LLB). He is also a fellow member Director of The Institute of Company Secretaries of India (ICSI) and The Institute of Cost Accountants
Slide 6: Board of Directors
Board of Directors N. Murakami A graduate with Bachelor of Laws from Sophia University, Japan, joined Isuzu Motors, Japan in April, 1995 and is currently associated with Isuzu Motors as a General Manager, International Sales Dept. No. 3. He has 25 years of rich global experience in the areas of In
Slide 7: Board of Directors
Board of Directors Yugo Hashimoto A graduate from Waseda University, Japan. Mr. Hashimoto joined Sumitomo (Managing Corporation in April, 1984 and since then has held several positions (in different Director & CEO) countries) in various departments including Automotive Business & Motor Vehicles De
Slide 8: India - An Overview
India - An Overview Per Capita Income (Rs '000) 10.0 GDP Growth Forecast - 2020 (%) 103 115 126 134 100 94 5.0 90 87 1.0 80 0.0 70 -5.0 60 -4.5 50 -10.0 -8.0 -10.2 -10.5 40 -15.0 30 Euro Area Mexico USA China India FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 Source : IMF - Economic Outlook, June, 2020 Sourc
Slide 9: Changing Trends
Changing Trends Old New 7
Slide 10: Total Commercial Vehicle Industry
Total Commercial Vehicle Industry (Nos. in ‘000) 1200 1107 1000 953 330 788 823 778 800 702 296 271 161 171 265 600 201 135 118 113 120 100 400 616 522 489 200 401 410 432 0 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 12 ton & above 5 ton to 12 ton Upto 5 ton 8
Slide 11: Commercial Vehicle Industry
Commercial Vehicle Industry CV Industry (Domestic+Export) Apr-Mar'19 Apr-Mar'20 % change M&HCVs (above 7.5 ton) Passenger Carriers 47,890 49,551 3.5% Goods Carriers 391,518 199,417 -49.1% Total M&HCVs - A 439,408 248,968 -43.3% LCVs (upto 7.5 ton) Passenger Carriers 56,264 48,024 -14.6% Goods Carrie
Slide 12: Major Milestones
Major Milestones 1983 Swaraj Vehicles Ltd. (SVL) incorporated 1984 Joint Venture and Technical Assistance Agreement between Punjab Tractors Ltd., Mazda Motor Corporation & Sumitomo Corporation concluded. SVL renamed Swaraj Mazda Limited (SML) 1985 Project setup with a capacity of 5,000 LCVs at capit
Slide 13: Major Milestones
Major Milestones 2000 Maiden Dividend @ 10% 2005 Sumitomo Corporation, Japan raised its equity holding in the Company to 41%. 2006 Technical Assistance Agreement with Isuzu Motors signed. 2008 Ultra Luxury Buses both on SML & Isuzu Platforms launched. 2009 Sumitomo raised its stake in the Company to
Slide 14: Major Milestones
Major Milestones 2014 S7 Bus 3940 WB (37+1 seater) & S7 Bus AC version launched Fuel Efficient & High Torque series launched (for all vehicles) Sartaj 5252 XM (5200 GVW) Truck Launched 2015 Sartaj 59XM (5900 GVW) Truck Launched Sales volume crossed 2 Lacs mark 2016 Executive Lx Coach (GVW-7 ton) & E
Slide 15: Equity & Dividend Record
Equity & Dividend Record Year Nature of Issue No. of Shares Price Per Current (Lacs) Share Price (14th Sep’20) 1985 Initial Public Offer (IPO) 105 Rs.10/- Rs. 420/- approx. 2010 Rights Issue 40 Rs. 200/- Rs. 420/- approx. Dividend Track Record 2007 Dividend –55% 2014 Dividend –30% 2008 Dividend –55%
Slide 16: Equity Shareholding Pattern as on 31st August 2020
Equity Shareholding Pattern as on 31st August 2020 Category No. of % age of Shares held Shareholding Sumitomo Corporation (Promoter) 6362306 43.96 Isuzu Motors Limited 2170747 15.00 Jupiter India Fund 475732 3.29 Sachin Bansal 376094 2.60 Aditya Birla Sunlife Trustee Private Ltd. 144887 1.00 Nihar N
Slide 17: Market Potential
Market Potential Long term prospects of commercial vehicle industry are secular. Economic growth in the medium to long term would be driven by infrastructure investments in areas such as – roads, bridges, power generation, information technology, civil aviation, sea-ports, health, education etc. Thi
Slide 18: ICRA outlook for CV industry volumes
• As per ICRA, the domestic CV industry volumes will contract further by 25-28% (in FY 2020-21), which would bring industry volumes to the lowest levels in more than a decade. However, ICRA believes growth would be optically better in FY 2021-22 at 24-27%. • As per ICRA, M&HCV truck segment will con
Slide 19: An Overview
An Overview • Wide Range of Products -- Both in Goods Carrier ( 5.0 Ton to 13 ton GVW) and Passenger Carrier (13 – 60) seats Capacity), -- Special Purpose Vehicles – Ambulances , Tipper , Reefer Van , Dumper Trucks , Troop Carriers , Water Bowser etc • Installed Capacity -- 24000 Vehicles • Manpower
Slide 20: Introduction of BSVI range of vehicles
Product Portfolio Introduction of BSVI range of vehicles 18
Slide 21: Product Portfolio - Trucks
Product Portfolio - Trucks Cargo GVW (kg) LCVs – Sartaj GS 5252 - 4990/5200 – Sartaj GS 59 - 5900 – Sartaj GS HG72 - 7200 – Sartaj GS HG75 - 7490 – Prestige GS - 5490/6200/6440 ICVs – Supreme GS - 7490/8000/8500 – Super GS - 8720 – Samrat GS - 10250/10700/11120 – Samrat 1212 XT - 11990 – Samrat 1312
Slide 22: Product Portfolio - Buses
Product Portfolio - Buses School Buses -- Prestige School Bus 17 to 52 seats -- S7 School Bus 32 to 62 seats -- Ecomax LR School Bus 13/14/19 seats -- BH Series School Bus 32 to 52 seats -- Executive Lx School Bus 27 to 42 seats -- GS Series School Bus 15 to 59 seats -- Hiroi School Bus 34 to 62 sea
Slide 23: Product Portfolio
Product Portfolio Ambulance Water Bowser Reefer Van Troop Carrier Dual Cab Closed Container 21
Slide 24: Marketing Network
Marketing Network ZONAL OFFICES = 11 -- Ahmedabad -- Bangalore -- Bhopal -- Chennai -- Cochin -- Delhi -- Hubli -- Hyderabad -- Kolkata -- Lucknow -- Pune SALES, DISTRIBUTION & SERVICE NETWORK -- 100 Dealers (including Export) -- 31 Authorized Service Centres -- 20 Spare Parts Distributors -- 49
Slide 25: Performance Indicators – Last Ten Years
Performance Indicators – Last Ten Years Rs. Crores 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 IGAAP IND AS Vehicles Sale - Passenger Carriers 5440 6417 6612 6310 6285 7803 6813 8012 6097 8021 6790 - Cargo Trucks 4693 6453 7034 5735 3475 3956 5887 7172 5258 5581 3743 - Total 10133 12870 1
Slide 26: Un-audited Financial Results – First Quarter Ended Jun'20
UN-AUDITED FINANCIAL RESULTS – FIRST QUARTER ENDED JUN’20 Quarter Ended Year ended Particulars 30 June 2020 31 March 2020 30 June 2019 31 March 2020 Unaudited Audited Unaudited Audited (Refer note 3) INCOME Revenue from operations 28.74 272.17 471.43 1,154.16 Other income 0.77 1.51 0.66 5.14 Total I
Slide 27: Financial Graphs
Financial Graphs Revenue (net) - Rs crores 1600 1400 1414 1360 1200 1173 1138 1159 1000 1114 800 600 2015 2016 2017 2018 2019 2020 Operating Profit - Rs crores 125 114 100 93 75 74 79 50 49 25 17 0 2015 2016 2017 2018 2019 2020 25
Slide 28: Financial Graphs
Financial Graphs Profit Before Tax - Rs crores 100 80 84 60 68 40 49 20 24 0 10 -20 -38 -40 2015 2016 2017 2018 2019 2020 Earnings Per Share (EPS) - Rupees 50 40 44 30 35 20 26 10 14 0 6 -10 -15 -20 2015 2016 2017 2018 2019 2020 26
Slide 29: Balance Sheet Analysis – Last Ten years
Balance Sheet Analysis – Last Ten years Rs. Crores As at 31st MAR' 08 MAR' 09 MAR' 10 MAR' 11 MAR' 12 MAR' 13 MAR' 14 MAR' 15 MAR' 16 MAR' 17 SOURCES OF FUNDS SHAREHOLDER'S FUNDS SHARE CAPITAL 10.5 10.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 14.5 RESERVES & SURPLUS 83.1 86.0 175.2 198.3 226.7 249.6 261.
Slide 30: Ind-AS Balance Sheet
Ind-AS Balance Sheet Rs. Crores AS AT M AR' 16 M AR' 17 M AR' 18 M AR' 19 M AR' 20 SOURCES OF FUNDS SHAREHOLDER'S FUNDS SHARE CAPITAL 14.5 14.5 14.5 14.5 14.5 OTHER EQUITY 340.0 389.3 383.6 399.1 370.4 T OT AL 354.5 403.8 398.1 413.6 384.9 BORROWINGS - BANK BORROWINGS - ECB/TERM LOAN FOR CAPEX - 33.
Slide 31: Thanks
_ Trucks & Buses www.smlisuzu.com
SML Isuzu — IDFC Securities Virtual Investors Conference 2020 on 6ix