Rane (madras) Limited · NSE:RML
Rane (madras) — Q1 FY2020 Earnings Presentation
27 slides from Rane (madras)'s earnings presentation, Aug 8, 2019
Slide 1: Exchange filing cover letter for earnings presentation
Registered Office Tel . 91 44 2811 2472 " Maithri " Fax : 91 44 2811 2449 132, Cathedral Road Chennai 600 086 URL : www.ranegroup.com lndia. CIN : L65993TN2004P1C052856 Rane (Madras) Limited //Online Submission// RML / SE / ?? t2O19-20 August 08, 2019 BSE Limited National Stock Exchange of lndia Ltd
Slide 2: Rane Group Earnings Presentation Q1 FY20
Rane Group Earnings Presentation | Q1 FY20 A u g u s t 2 0 1 9 www.ranegroup.com Not to be copied or distributed without permission of Rane Holdings Limited 1
Slide 3: Outline
Outline › Industry Performance Review – Q1 FY20 › Rane Group Performance Review – Q1 FY20 › Group Companies Performance Highlights – Q1 FY20 Not to be copied or distributed without permission of Rane Holdings Limited 2
Slide 4: Industry Performance Review (Q1 FY20)
Industry Performance Review (Q1 FY20) Production YoY Rane Group Sales Growth Rane Group Revenue Vehicle Segment Growth# in % YoY in % (India OEM) Split * (India OEM) Passenger Cars (PC) -15% -8% 43% Utility Vehicles (MUV) -2% -21% 17% Vans (MPV) -20% -4% 1% - Total Passenger Vehicle -12% -12% 61% Sm
Slide 5: Outline
Outline › Industry Performance Review – Q1 FY20 › Rane Group Performance Review – Q1 FY20 › Group Companies Performance Highlights – Q1 FY20 Not to be copied or distributed without permission of Rane Holdings Limited 4
Slide 6: Group Aggregate Performance Review (Q1 FY20)
Group Aggregate Performance Review (Q1 FY20) Total Net Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 10.7% 6.1% 7.2% 1,342.4 143.6 1,252.9 6.7% 37.0% 90.5 73.3% 1.7% 81.7 21.8 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 * PBT before exceptional items › Total Net Revenue decreased by
Slide 7: RHL Consolidated Performance Review (Q1 FY20)
RHL Consolidated Performance Review (Q1 FY20) Total Net Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 8.5% 9.6% 7.5% 639.0 61.0 28.3% 8.7% 583.5 43.8 54.3 2.5% 73.6% 14.3 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 * PBT before exceptional items and includes profits from JV › Total
Slide 8: Outline
Outline › Industry Performance Review – Q1 FY20 › Rane Group Performance Review – Q1 FY20 › Group Companies Performance Highlights – Q1 FY20 Not to be copied or distributed without permission of Rane Holdings Limited 7
Slide 9: Rane (Madras) Ltd. (RML)
Rane (Madras) Ltd. (RML) Not to be copied or distributed without permission of Rane Holdings Limited 8
Slide 10: RML Standalone – Operational Performance Review
RML Standalone – Operational Performance Review Business Split (Q1 FY20) Market Environment By Market (%) › India OE business faced volume decline across vehicle segments Intl OEM, 23 India OEM&OES, 65 – Higher penetration of power steering in LCV segment resulted in decline in served market – Highe
Slide 11: RML Standalone – Financial Performance Review
RML Standalone – Financial Performance Review Total Net Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 11.2% 5.8% 8.6% 39.1 347.5 14.5% 297.2 34.7% 25.5 75.9% 20.3 1.6% 4.9 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 * PBT before exceptional items › Total Net Revenue decreased by 14.
Slide 12: RML Consolidated – Financial Performance Review
RML Consolidated – Financial Performance Review Total Net Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 8.6% 2.8% 11.0 178.6% 4.8% 396.7 51.4% 12.7% 34.0 346.2 16.5 Q1 FY2019 Q1 FY2020 (8.6) Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 -2.5% * PBT before exceptional items › Total Net Revenue decreased b
Slide 13: Rane Engine Valve Ltd. (REVL)
Rane Engine Valve Ltd. (REVL) Not to be copied or distributed without permission of Rane Holdings Limited 12
Slide 14: REVL – Operational Performance Review
REVL – Operational Performance Review Business Split (Q1 FY20) Market Environment By Market (%) › Double digit volume drop across vehicle segments in India Intl Aftermarket, 7 India Aftermarket, 8 › Higher offtake from International OE customers India OEM&OES, 57 Intl OEM, 28 Operational Highlights
Slide 15: REVL – Financial Performance Review
REVL – Financial Performance Review Total Net Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs. cr.) 3.3% Q1 FY2019 Q1 FY2020 2.2% 3.1% (6.7) (6.5) 103.1 0.9% 104.1 3.4 2.7% 3.3 -6.3% -6.5% Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 * PBT before exceptional items › Total Net Revenue increased by 0.9% from Rs.
Slide 16: Rane Brake Lining Ltd. (RBL)
Rane Brake Lining Ltd. (RBL) Not to be copied or distributed without permission of Rane Holdings Limited 15
Slide 17: RBL – Operational Performance Review
RBL – Operational Performance Review Business Split (Q1 FY20) Market Environment By Market (%) › Volume drop across Indian vehicle segments; Favourable demand from two wheeler Intl OEM, 3 India segment driven by migration to disc brakes OEM&OES, 59 › Muted demand from Indian Aftermarket business Ind
Slide 18: RBL – Financial Performance Review
RBL – Financial Performance Review Total Net Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 13.2% 8.1% 7.9% 12.6% 123.2 15.7 9.9 5.7% 9.4 3.5% 15.5 1.5% 118.9 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 * PBT before exceptional items › Total Net Revenue decreased by 3.5% from Rs. 123
Slide 19: Rane TRW Steering Systems (RTSS)
Rane TRW Steering Systems (RTSS) Not to be copied or distributed without permission of Rane Holdings Limited 18
Slide 20: RTSS – Operational Performance Review
RTSS – Operational Performance Review Business Split (Q1 FY20) Market Environment By Market (%) › Significant drop in Indian Commercial Vehicle volumes impacted steering gear products India OEM&OES, 58 › Export remains focus for occupant safety products to mitigate the drop in domestic Intl OEM, 39
Slide 21: RTSS – Financial Performance Review
RTSS – Financial Performance Review Total Net Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 12.0% 8.9% 6.6% 353.7 41.2 341.9 3.4% 68.1% 2.7% 43.0% 23.5 30.3 9.6 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 * PBT before exceptional items › Total Net Revenue increased by 3.4% from Rs.
Slide 22: Rane NSK Steering Systems (RNSS)
Rane NSK Steering Systems (RNSS) Not to be copied or distributed without permission of Rane Holdings Limited 21
Slide 23: RNSS – Operational Performance Review
RNSS – Operational Performance Review Business Split (Q1 FY20) Market Environment By Market (%) › EPS volumes declined driven by double digit drop in volumes in passenger car Intl OEM, 1 India OEM&OES, segment and end of production of a served utility vehicle model 99 › MSC volumes impacted due to d
Slide 24: RNSS – Financial Performance Review
RNSS – Financial Performance Review Total Net Revenue (Rs cr.) EBITDA (Rs cr.) PBT* (Rs cr.) 14.0% 10.8% 9.9% 50.0 5.9% 356.6 38.4 8.9% 35.7% 32.2 49.9% 324.9 19.2 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 Q1 FY2019 Q1 FY2020 * PBT before exceptional items › Total Net Revenue decreased by 8.9% from Rs
Slide 25: Thank You
Thank You Rane Corporate Centre For further information, please contact: “Maithri" 132, Cathedral Road, investorservices@ranegroup.com or dpingle@christensenir.com Chennai - 600 086, India www.ranegroup.com Not to be copied or distributed without permission of Rane Holdings Limited 24
Slide 26: Glossary of Abbreviations
Glossary of Abbreviations Abbreviation Expansion Abbreviation Expansion CV Commercial Vehicles M&HCV Medium & Heavy Commercial Vehicles EBITDA Earnings Before Interest, Tax and Depreciation & OE Original Equipment Amortisation OEM Original Equipment Manufacturer EPS Electric Power Steering OES Origi
Slide 27: Disclaimer
Disclaimer This presentation contains certain forward looking statements concerning Rane’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The