Samvardhana Motherson International Limited · NSE:MOTHERSON

Samvardhana Motherson International — Motherson Sumi Systems — Q1 FY2021-22 Earnings Presentation

24 slides from Samvardhana Motherson International's earnings presentation, Aug 10, 2021

  1. Slide 1: Cover letter to stock exchanges on Q1 results

    Motherson Sumi Systems Limited Head Office: C-14 A & B, Sector 1, Noida – 201301 Distt. Gautam Budh Nagar, U.P. India Tel: +91-120-6752100, 6752278, Fax: +91-120-2521866, 2521966, Website: www.motherson.com August 10, 2021 National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floo

  2. Slide 2: Financial Performance Q1 FY 2021-22

    Proud to be part of. Motherson Sumi Systems Ltd. (MSSL) Financial Performance Q1 FY 2021-22

  3. Slide 3: • Key Highlights

    • Key Highlights • Results Q1 FY21 vs Q1 FY22 • Reorganisation Update • Financial Highlights of Subsidiaries / JVs of SAMIL • Appendix

  4. Slide 4: Key Highlights 1/2

    Key Highlights 1/2. Profitable performance continues as cost and efficiency improvements limit impact of industry headwinds. PAT of Rs 290 crores vs loss of Rs 810 crores in the same quarter last year. Financial Highlights (Q1FY22). Consolidated SMRP BV • Quarterly revenues of Rs. 16,712 crores • EB

  5. Slide 5: Key Highlights 2/2

    Key Highlights 2/2. Operational Updates. Other Update. • At SMRPBV continued operating efficiencies and • Awaiting NCLT approval for turnaround of Greenfield plants in recent quarters have next steps of proposed re- helped offset the impact of lower revenues QoQ organization • PKC impacted by lag in

  6. Slide 6: Improved operating efficiencies have partly offset impact to profitability

    1 Improved operating efficiencies have partly offset impact to profitability. (Rs in Crores) Q1 impacted by OEM production disruptions, higher logistics costs and lag in Improved EBITDA. commodity price operating pass through efficiencies 11.4% and turnaround of 11.2% Greenfield plants 10.0% 1 in re

  7. Slide 7: Leverage levels remain under control

    2 Leverage levels remain under control. Net Debt to EBITDA (LTM) has improved 10,00 0 1.6 further 1.8 9,000 1.5 1.6 1,301 8,000 1.4 1,366 1.2 7,000 1,306 1.2 Higher 6,000 working capital 5,000 1,281 1.1 1.0 requirements (Rs. in Crores) 0.8 due to irregular 4,000 7,962 OEM production 6,897 0.6 in Q1

  8. Slide 8: Results Q1 FY21 vs Q1 FY22

    • Key Highlights • Results Q1 FY21 vs Q1 FY22 • Reorganisation Update • Financial Highlights of Subsidiaries / JVs of SAMIL • Appendix

  9. Slide 9: MSSL Consolidated: Q1FY21 vs Q1FY22

    MSSL Consolidated : Q1FY21 vs Q1FY22. (Rs in Crores) Revenues. 16,712 EBITDA. 8.7% 98% 8,431 1,462 -6.9% (585) Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22 PBT. PAT (Concern Share). (before exceptional items) 609 290 (1,406) (810) Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22 88

  10. Slide 10: MSSL Standalone: Q1FY21 vs Q1FY22

    MSSL Standalone : Q1FY21 vs Q1FY22. (Rs in Crores) Revenues. EBITDA. 1,823 323% 14.5% 357% 265 -23.9% 431 (103) Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22 PBT. PAT. (before exceptional items) - 226% (125) 226 245% (125) 181 - (179) Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22

  11. Slide 11: DWH: Q1FY21 vs Q1FY22

    DWH: Q1FY21 vs Q1FY22. (Rs in Crores) Revenues. EBITDA. 10.4% 1,109 460% 247% -39.4% 115 198 (78) Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22 30 0 PBT. 300 PAT. 25 0 (before exceptional items) 250 20 0 82 175% 171% 60 15 0 200 10 0 150 (110) 100 (84) 50 - 50 Q1 FY 2020-21 Q1 FY 2021-22 -

  12. Slide 12: SMRPBV (In Euro Terms): Q1FY21 vs Q1FY22

    SMRPBV (In Euro Terms) : Q1FY21 vs Q1FY22. (In Million Euros) Revenues. EBITDA. 8.0% 73% € 101 € 1,261 291% -7.3% 350. 0% 300. 0% 250. 0% € 731 € -53 200. 0% 150. 0% 100. 0% 50. 0% 0. 0% - 50.0 % Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22 PBT. PAT (Concern Share). (before exceptional it

  13. Slide 13: SMP & SMR (In Euro Terms): Q1FY21 vs Q1FY22

    SMP & SMR (In Euro Terms) : Q1FY21 vs Q1FY22. (In Million Euros) SMP Revenues. SMP EBITDA. € 944 250% 71% 7.3% € 551 € 69 -8.3% € -46 Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22 SMR Revenues. SMR EBITDA. €318 11.3% 862. 860. 858. 855. 857. 853. 851. 848. 850. 846. 843. 844. 841. 831. 5%

  14. Slide 14: PKC (In Euro Terms): Q1FY21 vs Q1FY22

    PKC (In Euro Terms) : Q1FY21 vs Q1FY22. (In Million Euros) Revenues. EBITDA. € 323 85% 4.0% 286% € 175 -4.0% € 13 € -7 Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22 PBT. PAT (Concern Share). 100% 82% (€ 19) (€ 0) (€ 3) (€ 17) Q1 FY 2020-21 Q1 FY 2021-22 Q1 FY 2020-21 Q1 FY 2021-22 13 13

  15. Slide 15: Debt Status

    Debt Status. A. Net Debt. Rs. In Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Net Debt. Crores Gross 9,065 Debt 11,770 13,200 13,102 11,278 10,745 10,445 7,496 Cash & 6,897 Bank 4,873 4,135 5,606 5,086 5,938 4,287 6,192 6,158 Net Debt 6,897 9,065 7,496 6,192 4,807 6,158 (Rs. in Crores) 4,807 B. Lease l

  16. Slide 16: Reorganisation Update

    • Key Highlights • Results Q1 FY21 vs Q1 FY22 • Reorganisation Update • Financial Highlights of Subsidiaries / JVs of SAMIL • Appendix

  17. Slide 17: Indicative Timelines for Scheme Execution

    Indicative Timelines for Scheme Execution. Record date and Listing and Appointed Proposal Tentative Issue of MSWIL trading of date for approved by NCLT MSWIL Announcement Demerger 1 shareholders approval Shares and MSSL Shares 2 shares 2nd July 1st April 29th April (T) (T+1 Month) (T+2 Months) 2020

  18. Slide 18: Financial Highlights of Subsidiaries / JVs of SAMIL

    • Key Highlights • Results Q1 FY21 vs Q1 FY22 • Reorganisation Update Financial Highlights of Subsidiaries / JVs of SAMIL • Appendix

  19. Slide 19: Proforma Financials

    Proforma Financials* 3 All amounts in INR Crores SAMIL Business (ex MSSL ex.SMRP BV) Revenue EBITDA % Margin Net Debt 2,800 2,651 13.3% 11.6% 1,290 1,399 Aggregate 372 9.1% 1,192 308 Basis 790 72 289 -ve -12 FY20 FY21 Q1 FY22 FY 20 FY 21 Q1FY21 Q1FY22 FY 20 FY 21 Q1FY21 Q1FY22 2,044 1,928 12.3% 10.4

  20. Slide 20: Financial Metrics of Top Subsidiaries and JVs

    Financial Metrics of Top Subsidiaries and JVs All amounts in INR Crores Name of the Company Revenue EBITDA Sub / Stake JV (%) Year FY20 FY21 Q1 FY21 Q1 FY22 FY20 FY21 Q1 FY21 Q1 FY22 Marelli Motherson Automotive Lighting JV 50% 868 915 48 281 20% 18% 6% 17% India MothersonSumi Infotech and Design Su

  21. Slide 21: Appendix

    • Key Highlights • Results Q1 FY21 vs Q1 FY22 • Reorganisation Update • Financial Highlights of Subsidiaries / JVs of SAMIL • Appendix

  22. Slide 22: Summary Proforma Financials

    Summary Proforma Financials* (Rs in Crores) Financials MSWIL MSSL MSSL Standalone ex DWH Consolidated ex DWH Business SAMIL^(c) Combined (b+c) (a) DWH(b) Q4 FY21 Q1 FY22 Q4 FY21 Q1 FY22 Q4 FY21 Q1 FY22 Q4 FY21 Q1 FY22 Q4 FY21 Q1 FY22 Revenue from operation 1,510 1,114 1,276 1,120 16,979 16,164 392 3

  23. Slide 23: Reference Rates, Notes & Safe Harbor

    Reference Rates, Notes & Safe Harbor. Copper Rates. Notes. Average Q1 2020-21 Q1 2021-22 % Change 1. This presentation has been prepared from the unaudited financial results for the quarter ended on 30th June 2021. Explanatory notes have been added with additional information LME Copper (USD / MT )

  24. Slide 24: Thank you

    Thank you. Safe harbor The contents of this presentation are for informational purposes only and for the reader’s personal non-commercial use. The contents are intended, but not guaranteed, to be correct, complete, or absolutely accurate. This presentation may contain forward-looking statements base

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