Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Q3 FY2021 Earnings Presentation
30 slides from Talbros Automotive Components's earnings presentation, Feb 5, 2021
Slide 1: Talbros Automotive Components Ltd Investor Presentation
Talbros Automotive Components Ltd I N V E S T O R P R E S E N TAT I O N Fe b r u a r y 2 0 2 1
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Talbros Automotive Components Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscrib
Slide 3: Consolidated Q3 FY21 Highlights
Consolidated Q3 FY21 Highlights Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: 132 Crores “I am pleased to share the current quarter results of Talbros group today. We had started off the year at lower pace amidst pandemic , while in
Slide 4: Constant Growth is our New Normal
Constant Growth is our New Normal Multi-Year order win for BIW parts Careful Strategic Planning And Technical Assistance Agreement with SANVA Implementation Efforts o Entered in a Technical Assistance Agreement o Marelli Talbros Chassis Systems Pvt. Ltd., JV (TAA) with its Japanese partner ‘Sanwa co
Slide 5: Consolidated Q3FY21 Performance Highlights
Consolidated Q3FY21 Performance Highlights Rs. Crores Total Income from Operations^ EBIDTA^ PAT +36% +81% +144% 132.1 21.1 10.6 97.4 11.7 4.3 Q3FY20 Q3FY21 Q3FY20 Q3FY21 Q3FY20 Q3FY21 As per Ind AS ^ Includes other income 5
Slide 6: Talbros Automotive Components Ltd (TACL) - Group
Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs) Q3 FY20 FY20 Q3 FY21 TACL Standalone 65 265 84 Gaskets Nippon Leakless Talbros Pvt Ltd 23 106 26 Forgings TACL Standalone 33 134 49 Q3 Q3 FY20 FY21 FY20 171 688 213 Chassis Magneti Marelli Talbr
Slide 7: Q3 FY21 Standalone Business Performance Highlights
Q3 FY21 Standalone Business Performance Highlights Total Income from Operations EBIDTA Gaskets 84.0 11.4 65.4 8.5 Q3FY20 Q3FY21 Q3FY20 Q3FY21 Forgings 49.5 9.7 33.3 3.2 Q3FY20 Q3FY21 Q3FY20 Q3FY21 Rs. Crores Includes Other Income 7
Slide 8: Q3 FY21 JV's Performance Highlights
Q3 FY21 JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd Magneti Marelli Talbros Chassis Systems Talbros Marugo Rubber Pvt Ltd Pvt Ltd Total Income from Operations Total Income from Operations Total Income from Operations 25.6 41.3 12.4 12.7 23.1 36.8 Q3FY20 Q3FY21 Q3FY20 Q3FY21 Q3FY20 Q3
Slide 9: Q3 & 9M FY21 Consolidated Profit & Loss Statement
Q3 & 9M FY21 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q3 FY21 Q3 FY20 Y-o-Y 9M FY21 9M FY20 Y-o-Y Revenue from Operations 129.5 95.4 35.7% 286.6 293.7 -2.4% Other Income 2.5 2.0 6.2 4.9 Total revenue from Operation 132.1 97.4 35.6% 292.8 298.6 -1.9% Raw Material 70.1 49.4 155
Slide 10: H1 FY21 Consolidated Balance Sheet
H1 FY21 Consolidated Balance Sheet ASSETS Sep-20 Mar-20 EQUITY AND LIABILITIES Sep-20 Mar-20 Non-current assets Equity Property, plant and equipment 145.4 149.2 Equity Share capital 12.3 12.3 Capital work in progress 1.4 0.6 Other equity 190.3 185.6 Investment property 2.8 2.9 Sub-total - Shareholde
Slide 11: Q3 & 9M FY21 Standalone Profit & Loss Statement
Q3 & 9M FY21 Standalone Profit & Loss Statement Particulars (Rs. In crores) Q3 FY21 Q3 FY20 Y-o-Y 9M FY21 9M FY20 Y-o-Y Revenue from Operations (Net of Excise) 129.5 95.4 35.7% 286.6 293.7 -2.4% Other Income 2.5 2.0 6.2 6.1 Total revenue from Operation 132.1 97.4 35.6% 292.8 299.8 -2.3% Raw Material
Slide 12: H1 FY21 Standalone Balance Sheet
H1 FY21 Standalone Balance Sheet ASSETS (Rs in Cr) Sep-20 Mar-20 EQUITY AND LIABILITIES (Rs in Cr) Sep-20 Mar-20 Non-current assets Equity Property, plant and equipment 145.4 149.2 Equity Share capital 12.3 12.3 Capital work in progress 1.4 0.6 Other equity 170.2 165.6 Investment property 2.8 2.9 Su
Slide 13: Hedged Portfolio
Hedged Portfolio… 9M FY21 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 4% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 6% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MMT ▪ Passenger Vehicles ▪ Forgings ▪ Exports 10% ▪ Chassis Systems ▪ Commercial Vehicles ▪ Others Forgings ▪ Anti vibrati
Slide 14: Across varied segments
Across varied segments… 7% 3% 6% 5% 8% 11% 32% 28% 38% FY19* 20% FY20* 9MFY21* 35% 20% 23% 38% 26% 2 & 3 Wheelers Passenger Vehicle HCV & LCV Agri & Off Loaders Others 6% 6% 5% 5% 6% 6% 21% 18% FY20 25% FY19 9MFY21 68% 64% 70% OEM Exports After Market Others *Domestic Breakup Proportionate Share of
Slide 15: Having Diversified Customer base - Top Customers
Having Diversified Customer base - Top 10 Customers Rs. Crores FY20 – Rs. 688 Cr.^ 9MFY21 – Rs. 459 Cr.^ Tata Hero Cummins, 6% Motocorp, Gkn Hero 11% DANA ITALIA HMSI, 3% Driveline Bru Motocorp, S.R.L, 3% nico, 4% 11% Tata Cumins, 4% Tata Motors, 4% Tata Motors, 4% Maruti Suzuki HMSI, 4% India Ltd,
Slide 16: Gasket Business
Gasket Business Standalone ▪ In – House tool design and manufacturing 333 ▪ ~40% Market share in Gaskets 3x the nearest 292 competitor 267 265 ▪ Market Leader in – Two Wheeler, Agri & Off Loaders, 184 HCV & LCV segment ▪ Single Source Supplier for 5 of our customers ▪ 100% Asbestos Free player FY17
Slide 17: Standalone Business – Forgings
Standalone Business – Forgings +24% ▪ One stop solution for Hot Forging 166 Exports (750 to 2,500 Ton Press) 134 50% 115 111 ▪ In-House tool design and manufacturing 71 ▪ Strong presence in Overseas Market & OEM Others 44% 6% Supplier to top Tier I companies ▪ One Stop Solution for Die Design, FY17
Slide 18: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures Magnetti Marelli Talbros Chassis Systems Pvt Nippon Leakless Talbros Pvt Ltd (NLK) Talbros Marugo Rubber Pvt Ltd (TMR) Ltd (MMT) ▪ Marugo Rubber Industries Ltd (Japan) - ▪ Nippon Leakless Corporation (Japan) - One of ▪ Magneti Marelli S.p.a (Milano) - A Fi
Slide 19: JV's Performance Highlights
JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd Magneti Marelli Talbros Chassis Systems Talbros Marugo Rubber Pvt Ltd Pvt Ltd 117.9 122.1 129.7 136.8 52.0 108.7 106.0 45.8 109.0 40.8 85.8 78.0 30.9 58.8 26.8 FY17 FY18 FY19 FY20 9MFY21 FY17 FY18 FY19 FY20 9MFY21 FY17 FY18 FY19 FY20 9MFY21
Slide 20: One of the Most Hedged Auto Component Players
About Us Over 6 Decades of experience in Auto Component manufacturing One of the Diversified Auto Component player with presence across Two Wheelers, Passenger, Commercial Vehicles and Farm Equipment's Most Hedged Auto Wide client base, ~40% revenue from top 5 clients Component Businesses across OEM
Slide 21: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability Anuj Talwar – Joint Managing Director Is a Bachelor in Business Administration from college of William & Mary, Virgina, USA and Master of Business Administration from Boston University Graduate School of Management. He has been associated with the Compa
Slide 22: Board of Directors
Board of Directors • Mr. Naresh Talwar, aged 80 years, is a Promoter and Non- Executive • Mr. Umesh Talwar, has done B.Com (Hons) from Delhi University and MBA Mr. Naresh Talwar Chairman of the Company. He has been associated with the Company Mr. Umesh Talwar from XLRI, Jamshedpur. He has more than
Slide 23: Executive Management
Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 17 years of experience with LeeBoy India She has over 29 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor
Slide 24: Scope of Joint Ventures
Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2
Slide 25: Evolving Product Portfolio
Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis
Slide 26: Hedged Customer Base
Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 26
Slide 27: Equity
Equity Consistently paying Dividend for the last 50 years In Rs 1.8 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 1.2 1.0 0.5 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Promoter Shareholding 56.6% 56.6% 56.6% 56.6% 58.2% 51.5% 53.9% 54.0% 44.5% 45.6% 46.3% 41.6% 37.8% Jun-09 Jun-10 Jun-11 Jun-12
Slide 28: Appreciation From Customers
Appreciation From Customers 28
Slide 29: Customer Awards for Best Performances
Customer Awards for Best Performances ACMA 16th Quality Circle HR Association India PNGI HR Eicher Engine Toyota Kirloskar Competition 2019 Gold Award 2019 Excellence Award 2018 Supplier Meet 2018 Zero Defect Supplies 2018 Toyota Kirloskar Kirloskar Achieving targets in Quality 2018 Supplier quality
Slide 30: For further information, please contact
For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Ms. Seema Narang Mr. Shogun Jain / Ms. Akashi Modi seema_narang@talbros.com shogun.jain@sgapl.
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