Lumax Auto Technologies Limited · NSE:LUMAXTECH
Lumax Auto Technologies — Q2 FY2023 Earnings Presentation
56 slides from Lumax Auto Technologies's earnings presentation, Nov 12, 2022
Slide 1: Exchange filing cover letter
LATL:CS:IP:2022-23 November 12, 2022 BSE Limited The 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 Securi
Slide 2: Investor Presentation – Q2 FY2023
Lumax Auto Technologies Limited Investor Presentation – Q2 FY2023
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: Lumax-DK Jain Group
LUMNX Lumax-DK Jain Group x LUMAX GROUP
Slide 5: Lumax-DK Jain Group
Lumax‐DK Jain Group 3 R&D Centres (India) & 2 32 Seven Decade Design Centres Manufacturing Strong (Taiwan & Czech Facilities Republic) 01 02 03 04 05 06 15 Entities in 6 Leader in Over 10,000 States Automotive Employees 1 Overseas Entity Lighting & in Czech Republic Gear Shifters 4
Slide 6: Two Listed Entities
Two Listed Entities Lumax Industries Limited Lumax Auto Technologies Limited Products & Services Products & Services End‐to‐end Automotive Integrated Plastic modules, 2‐wheeler Chassis, 2/3‐ Lighting Solutions wheeler Lighting, Gear Shifters, Emission systems, Transmission Products, Seat Frames, Aft
Slide 7: Our Group Purpose
Purpose, Vision & Values We deliver PRIDE and PROGRESS with Our POSITIVITY Group Purpose Respect Integrity Our Passion Values Excellence Building an ADMIRED HIGH PERFORMANCE Global Organisation in Our whom all stakeholders Vision have ABSOLUTE TRUST 6
Slide 8: Diversified Product Range – 4-wheelers
Diversified Product Range – 4‐wheelers 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: 32 Locations close to Customers
32 Locations close to Customers State Mfg Locations # Haryana Bawal 2 Dharuhera 1 Gurugram 4 Manesar 3 Maharashtra Pune 8 Waluj 2 Karnataka Bengaluru 3 Gujarat Sanand 2 Facilities Location Mehsana 1 Gurugram, Manesar, R&D Centre Pune Tamil Nadu Sriperumbudur 1 Taiwan & Czech Uttarakhand Haridwar 1 D
Slide 13: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Japan Korea Italy Relationship Since 1984 Relationship Since 1997 Relationship Since 2007 JV for lighting, HVAC panels and JV for lighting and other JV for emission systems other electronics automotive parts 50% in Lumax Cornaglia Auto 37.5% in Lumax Indu
Slide 14: 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 13
Slide 15: 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 14
Slide 16: Lumax Auto Technologies Limited
Lumax Auto Technologies Limited Driving Growth through Diversified Products
Slide 17: Competitive Strengths
Competitive Strengths Evolving with Our Partners Lumax Brand Customer Outreach Partnered with international Credible LUMAX Brand Strong OEM presence automotive Over 300 Channel Partners leaders to reinforce competitiveness Manufacturing Award Diversified Product R&D Centre Capabilities Portfolio • C
Slide 18: Milestone
Milestone 1981: Lumax Auto Electricals was 2013: Setup a plant at Narsapur, 2020: JV with Yokowo, Japan to manufacture established to manufacture 2‐wheeler Karnataka to manufacture Moulded and supply Antennas and other vehicle Lighting at Bhosari, Maharashtra parts; Formed JV with Gill Austem commun
Slide 19: 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 20: Fostering Partnerships to Deliver Excellence
Fostering Partnerships to Deliver Excellence Italy Japan Relationship Since 2007 Relationship Since 2008 JV for emission systems JV for gear shifters 50% in Lumax Cornaglia Auto 45% in Lumax Mannoh Allied Technologies Pvt. Ltd. Technologies Ltd. Israel Spain Relationship Since 2017 Relationship Sinc
Slide 21: Cater to Diversified Segments
Cater to Diversified Segments After Market Presence in all Segments o Lighting Module(incl. HL/TL/Indicators & o Gear Shift Lever o Integrated Plastic Others) Modules o Gear Shift Tower o Chassis for 2‐ o Gear Shift Lever o Control Housing wheelers o Seat Structures o Intake Systems o Fabricated par
Slide 22: Key Customer Relationships
Key Customer Relationships Four Wheeler Commercial Vehicle 2/3 Wheeler Export Tier 1 The Brand Names mentioned are the property of their respective owners and are used here for identification purposes only 21
Slide 23: Strategic Locations Close to Customers
Strategic Locations Close to Customers Manesar & Gurgaon (HR) Pantnagar (UK) No of Plants: 5 No of Plants: 2 Integrated Plastic Modules Lighting Gear Shifters Products Transmission Products Painted Parts Oxygen Sensors Products Electronic devices & components OE Accessories Integrated Plastic Module
Slide 24: Shareholding as of 30th September 2022
Shareholding as of 30th September 2022 Shareholding breakup Others 24.65% Promoters Institutions 55.98% 19.37% 23
Slide 25: Experienced Promoters
Experienced Promoters Mr. Dhanesh Kumar Jain Mr. Anmol Jain Mr. Deepak Jain Chairman Managing Director Director He is 80 years of age & holds a MBA degree from He is 43 years of age & holds Bachelors in He is 47 years of age & is a Business Graduate Delhi university & has successfully complete
Slide 26: Supported by Strong Independent Directors
Supported by Strong Independent Directors Mr. Roop Salotra Mr. Milap Jain Age: 72 years Age: 71 years Mechanical Engineer B.A. (Pol.Sc. Hons.) from Revenshaw College, Cuttack He retired from SRF Group, after spending 24 He is a retired Indian Revenue Service Officer years, as CEO & President, is now
Slide 27: Professional & Experienced Team
Professional & Experienced Team Mr. Sanjay Mehta Mr. Vikas Marwah Mr. Naval Khanna Mr. Raajesh Gupta Mr. Sanjay Bhagat Director & Group CFO Chief Executive Officer Corporate Head – Group Company Secretary Head After Market Age: 55 years Age: 55 years Taxation s Age: 54 Years Age: 57 years Experience
Slide 28: Financial Performance
LUMNX Financial Performance
Slide 29: Product-wise Revenue Break-Up Q2
Product‐wise Revenue Break‐Up 6% 10% 6% 28% 7% 27% 11% 7% Q2 FY23 Q2 FY22 Rs. 403 Cr. Rs. 487 Cr. 12% 16% 19% 21% 17% 14% Intergrated Plastic Modules Fabrication Lighting Others After Market Shifter Emission 28
Slide 30: Product-wise Revenue Break-Up H1
Product‐wise Revenue Break‐Up 6% 11% 6% 27% 25% 7% 12% 8% H1 FY23 H1 FY22 Rs. 663 Cr. Rs. 909 Cr. 13% 16% 19% 18% 19% 14% Intergrated Plastic Modules Fabrication Lighting Others After Market Shifter Emission 29
Slide 31: Segmental Revenue Break-Up: Category Q2
Segmental Revenue Break‐Up: Category 5% 6% 9% 9% 41% Q2 FY23 Q2 FY22 47% 21% 19% Rs. 403 Cr. Rs. 487 Cr. 19% 25% 2/3 Wheeler Passenger Car After Market CV Others 30
Slide 32: Segmental Revenue Break-Up: Category H1
Segmental Revenue Break‐Up: Category 7% 8% 9% 9% 40% H1 FY23 H1 FY22 47% 18% Rs. 663 Cr. Rs. 909 Cr. 19% 20% 24% 2/3 Wheeler Passenger Car After Market CV Others 31
Slide 33: Customer wise – Revenue Break-Up Q2
Customer wise – Revenue Break‐Up 13% 20% 26% 3% 4% 34% 5% 5% Q2 FY23 Q2 FY22 Rs. 403 Cr. Rs. 487 Cr. 5% 8% 6% 19% 12% 7% 21% 10% Bajaj HMSI MSIL M&M After Market LIL Tata Others 32
Slide 34: Customer wise – Revenue Break-Up H1
Customer wise – Revenue Break‐Up 14% 21% 26% 3% 4% 37% H1 FY23 H1 FY22 6% 5% Rs. 663 Cr. Rs. 909 Cr. 6% 8% 6% 19% 10% 8% 18% 9% Bajaj HMSI MSIL M&M After Market LIL Tata Others 33
Slide 35: Strong historical financial performance
Strong historical financial performance Revenue EBITDA^ Rs. Crores Rs. Crores 1,508 163 1,111 1,187 1,141 1,108 124 116 109 114 108 909 FY18 FY19 FY20 FY21 FY22 H1FY23 FY18 FY19 FY20 FY21* FY22 H1FY23 PAT After MI Cash PAT Rs. Crores Rs. Crores 69 109 53 50 51 80 84 81 49 47 74 74 FY18 FY19 FY20 FY2
Slide 36: Expansion funded through Internal Accruals
Expansion funded through Internal Accruals Gross Block Long Term Loan 675 692 25.5 602 23.4 533 481 424 15.8 13.4 11.0 11.5 FY18 FY19 FY20 FY21 FY22 H1FY23 FY18 FY19 FY20 FY21 FY22 H1FY23 Capex Long Term Debt / Equity 79 0.05 68 0.05 65 52 50 0.03 0.03 0.03 26 0.02 FY18 FY19 FY20 FY21 FY22 H1FY23 FY
Slide 37: Return Ratios
Return Ratios ROE (%) ROCE (%) 16.2 16.7 28.0 27.4 13.5 24.0 12.8 22.4 11.2 8.9 16.0 14.9 FY18 FY19 FY20 FY21 FY22 H1FY23 FY18 FY19 FY20 FY21 FY22 H1FY23 Dividend (%) EPS^ (in Rs.) 175 10.2 150 150 150 7.8 7.3 7.3 7.5 6.9 100 FY18 FY19 FY20 FY21 FY22 FY18 FY19 FY20 FY21 FY22 H1FY23 ROCE = EBIT / Cap
Slide 38: Consolidated P&L Statement
Consolidated P&L Statement Particulars (Rs. in Crores.) Q2 FY23 Q2 FY22 Y‐o‐Y H1FY23 H1FY22 Y‐o‐Y Revenue 487.0 403.0 21% 908.9 663.4 37% Raw Material Consumption 330.3 273.4 616.2 449.4 Employee Expenses 49.3 42.4 95.1 79.3 Other Expenses 55.5 42.4 101.3 73.8 Other Income 7.7 3.2 11.7 6.0 Profit/Lo
Slide 39: Consolidated Balance Sheet
Consolidated Balance Sheet ASSETS (Rs. in Crores.) Sep‐22 Mar‐22 EQUITY & LIABILITIES Sep‐22 Mar‐22 Non‐current assets Equity Property, plant and equipment 352.2 349.2 Equity Share capital 13.6 13.6 Capital work‐in‐progress 32.3 12.1 Non‐Controlling Interest 66.5 60.8 Investment Property 12.7 12.9 O
Slide 40: Consolidated Cash Flow Statement
Consolidated Cash Flow Statement Particulars (Rs. in Crores.) H1FY23 H1FY22 PBT 78.8 44.1 Adjustments 22.8 18.8 Operating profit before working capital changes 101.6 62.9 Changes in working capital ‐41.9 ‐17.7 Cash generated from operations 59.7 45.2 Direct taxes paid (net of refund) ‐14.4 ‐12.5 Net
Slide 41: Awards & Recognitions
Awards & Recognitions x DK JAIN LUMNX
Slide 42: Bagged two awards for Design & Development & Overall Excellence
Bagged two awards for Design & Development & Overall Excellence Lumax Auto Technologies Limited Won the Maruti Suzuki Vendor Conference 2022 held on 27th May, 2022 at Mumbai. 41
Slide 43: Platinum Award in National LCA in Productivity Enhancement
Platinum Award in National LCA in Productivity Enhancement Lumax Auto Technologies Limited – Pantnagar Won Platinum award in National LCA in Productivity Improvement 42
Slide 44: ACMA Awards
ACMA Awards Lumax Auto Technologies Limited, Bengaluru won the Silver Award for Excellence in Manufacturing ‐ Very Large Category at the ACMA Atmanirbhar Excellence Awards 2021 in March 2022. Lumax Auto Technologies Limited, Pantnagar won the Bronze Award for Excellence in HSS ‐ Very Large Category
Slide 45: ACMA Awards
ACMA Awards HMSI Award for Strong CR efforts in process Kaizen for 2021‐22 44
Slide 46: TPM Awards
TPM Awards Chakan Plant – Category B in 2017 Bengaluru plant – excellence in Category A for the year 2019 45
Slide 47: ICQCC Awards
ICQCC Awards Two Teams from Lumax Auto Technologies Limited participated in the ICQCC Competition held at Hyderabad in November 2021 bagging the Par Excellence Awards. 46
Slide 48: Best Annual Report
Best Annual Report Won the prestigious award for best annual report from League of American Communications Professionals (LACP) for excellence within its industry for the financial year 2018‐19, 2019‐20 & 2020‐21 47
Slide 49: Recognition
Recognition Lumax Mannoh Allied Technologies Ltd. received first ever Patent registration from the Government of India for invention in “Shift Knob Assembly” in January 2021 Toyota Kirloskar Motor Pvt Ltd. recognised the efforts and commitment of Lumax Mannoh Allied Technologies Limited towards prov
Slide 50: Other Awards
Other Awards Team Avengers from Lumax Cornaglia Auto Technologies Pvt Ltd, Pune bagged the Excellent Award in Silver Category at the National Convention on Quality Concepts 2021 held in December 2021. Team from Lumax Auto Technologies Limited, Chakan was awarded the Silver Award in Renovative Catego
Slide 51: Other Awards
Other Awards Lumax Mannoh Allied Technologies Limited, Manesar bagged the Second Runner Up at the First Best HR Practices Competition organised by ACMA held in March 2021. Lumax‐DK Jain Group bagged 2 Gold and 1 Silver Awards at the 4th HR Excellence Awards organised by PNGI in December 2021. Lumax
Slide 52: State-of-the-Art Manufacturing Facilities
State‐of‐the‐Art Manufacturing Facilities 51
Slide 53: State-of-the-Art Manufacturing Facilities
State‐of‐the‐Art Manufacturing Facilities 52
Slide 54: Social Initiatives by Lumax group towards 'Quality Education'
Social Initiatives by Lumax group towards ‘Quality Education’ for the society 53
Slide 55: Social Initiatives by Lumax group towards 'Quality Education'
Social Initiatives by Lumax group towards ‘Quality Education’ for the society 54
Slide 56: 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 / Mr. Sagar Shroff priyanka.sharma@lumaxmail.com shogun.jain
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