Greaves Cotton Limited · NSE:GREAVESCOT
Greaves Cotton — Q3 FY21 Earnings Presentation
20 slides from Greaves Cotton's earnings presentation, Feb 10, 2021
Slide 1: Investors Presentation cover letter to exchanges
GREAVES SINCE 1859 10th February, 2021 The Manager – Listing The Manager - Listing BSE Limited National Stock Exchange of India Limited BSE Code – 501455 NSE Code - GREAVESCOT Dear Sir/Madam, Sub: Investors Presentation This is further to our letter dated 9th February, 2021 and pursuant to Regulatio
Slide 2: Investor Deck Q3 FY'21
AUTOMOTIVE | NON-AUTOMOTIVE | E-MOBILITY | RETAIL | FINANCE INVESTOR DECK Q3 FY’21
Slide 3: Greaves' transformation started in FY18 is yielding results
Greaves’ transformation started in FY18 is yielding results Expand Industry from 3W Diesel Engine to Last Mile Mobility Portfolio of New Businesses Incubated Greaves Move beyond one product/ application/ fuel (Clean-tech Focus) Non-Auto Engines Re-imagination Journey Gaining E-2W E-Rick Increase val
Slide 4: Growth rebounding, despite sustained weakness in 3W Industry
Growth rebounding, despite sustained weakness in 3W Industry Quarterly Revenue Trend (INR ‘Cr’) NBFC Crisis Covid Impact & Rapid Recovery 495 15 23 26 58 Greaves 27 390 42 Re-imagination 452 447 486 458 495 506 528 477 490 495 437 391 406 360 Journey Gaining 9 288 147 Pace Q4FY17 Q1FY18 Q2FY18 Q3FY1
Slide 5: Consolidation of manufacturing to provide long-term benefits
Consolidation of manufacturing to provide long-term benefits Major operational realignments in manufacturing footprint undertaken Greaves during COVID times Re-imagination 6 plants down to 1 location, future plan: Journey Gaining • Engine Megasite at Aurangabad Pace • EV Megasite in Southern India 1
Slide 6: Greaves Group: Business Portfolio
Productivity enhancement solutions embracing cleaner technology to uplift lives, responsibly Automotive Non-Automotive E-Mobility Retail Finance Business Business Business Business Business Greaves Group: Business Portfolio • Wide Range of Engines • Non-Auto Small Engines • Ampere E-2W • Unique Mult
Slide 7: Engine diversification is helping mitigate impact of decline in 3W Segment
Engine diversification, is helping mitigate impact of decline in 3W Segment COVID impact on Shared Mobility continues to Auto Engines volumes decline, however higher impact 3W Segment - Industry still down 60% value realization partially offsets revenue impact Greaves 3W Engine Thrust : Sales (‘000
Slide 8: Enhancing Productivity through Non-Auto Solutions
Enhancing Productivity through Non-Auto Solutions Grow Light Equipment Play Thrust: Power Power Tiller trowel Strengthening Vibrator Rammer Plate Compactor Electric Non-Auto Business Paddy Weeder Walk behind Vibrator 2-5 HP OHV Power Light Pumpset Power Concrete Reaper Tower Weeder Groove Cutter Tan
Slide 9: Building Ampere as India's leading E-Mobility brand (1/2)
Engines Story Building Ampere as India’s leading E-Mobility brand (1/2) Thrust: GREAVES Ampere Accelerate Today E-Mobility Play Ampere surpassed FY20 Ampere Share Increases to Revenue in 9MFY21 12% of Greaves’ Portfolio Revenue (INR ‘Cr’) 110 12% 90 18 9MFY21 FY19 FY20 9MFY21 8
Slide 10: Building Ampere as India's leading E-Mobility brand (2/2)
Building Ampere as India’s leading E-Mobility brand (2/2) Building strong Phygital Network 300+ stores today (80 added post unlock) Virtual Showroom Retail Showroom Thrust: Accelerate Ampere E-Mobility Play Fast growing customer base, enabled with unique financing solutions 75,000+ Retail Customer
Slide 11: Greaves is a Great Place to Work!
Greaves is a Great Place to Work! We value our Employees and also our extended ecosystem 10
Slide 12: Q3FY21 Financial Performance Snapshot
Q3FY21 Financial Performance Snapshot
Slide 13: GCL Financial Performance – Q3FY21 Highlights
GCL Financial Performance – Q3FY21 Highlights GCL Standalone (INR ‘Cr’) 1462 Quarterly Run Rate nearing 500 Cr despite weak 3W Industry, new business contribution 26% 872 Engines: 16% decrease in sales 495 437 Aftermarket: 3% increase in sales 198 123 E-Mobility: 126% increase in sales 77 50 54 30 5
Slide 14: Strong working capital management
Strong working capital management NWC – GCL Consolidated (INR ‘Cr’) 259 209 151 Financial 111 93 84 Performance Snapshot Sep'19 Dec'19 Mar'20 Jun'20 Sep'20 Dec'20 Robust cash management – GCL maintains cash & zero debt position despite COVID challenges Cash Position – GCL Consolidated (INR ‘Cr’) 353
Slide 15: E-Mobility Share increases to 12% of GCL Portfolio
E-Mobility Share increases to 12% of GCL Portfolio GCL Q3FY21 Consolidated Revenues Financial Performance 17% Snapshot 12% 50% 21% Engines Aftermarket E-mobility Others Others includes Genset, Agri equipment and Trading 14
Slide 16: Strong Volume growth across businesses, except Auto Engines
Strong Volume growth across businesses, except Auto Engines FY20 FY21 GROWTH (%) VOLUMES (units) Q3 9M Q3 9M Q3 9M Financial Auto Engines 78,576 2,14,467 34,543 64,993 -56% -70% Performance Non-Auto Engines 8,649 29,655 12,434 29,956 44% 1% Snapshot Engines 87,225 2,44,122 46,977 94,949 -46% -61% Ge
Slide 17: Financial Results: GCL Consolidated
Financial Results : GCL Consolidated INR Cr Particulars Q3FY20 Q3FY21 Growth % Income from Operations 520 495 (5%) Material Consumed 67.7% 72.5% Financial Employee Cost 46 32 Performance Others Expenses 49 55 Snapshot EBIDTA from Operations 73 49 (33%) EBIDTA Margin 14.1% 9.9% PBT before exceptional
Slide 18: Changes in Shareholding Pattern
Changes in Shareholding Pattern As on 30th Sep 2020 As on 31th Dec 2020 Shareholding Pattern Non Institutional Non 22% Institutional 25% Promoters Promoters 55% 56% Institutiona Institutiona l l 23% 19% 17
Slide 19: Disclaimer
• Statements in this presentation, particularly those which relate to management’s views and analysis, describing the Company’s objectives, projections, estimates and expectations may constitute “forward looking statements” within the meaning of applicable laws and regulations. Disclaimer • Actual r
Slide 20: Serving Communities, Provide Employment
SERVING COMMUNITIES PROVIDE EMPLOYMENT