Ask Automotive Limited · NSE:ASKAUTOLTD
Ask Automotive — Q4 FY2024 Earnings Presentation
29 slides from Ask Automotive's earnings presentation, May 20, 2024
Slide 1: ASK Automotive Limited
® ASK AUTOMOTIVE LIMITED (Formerly known as ASK Automotive Private Limited) Date: May 20, 2024 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block - G, Bandra Dalal Street, Mumbai - 400 001 Kurla Complex, Bandra (East), Mumbai - Scrip Code: 5440
Slide 2: Quarterly Earnings Call | Q4 and FY24
ASK AUTOMOTIVE LIMITED Quarterly Earnings Call || Q4 and FY24 Advanced Braking Aluminum Lightweighting Safety Control Systems Precision Solutions Cables https://askbrake.com
Slide 3: Content
Content 01 Overview: ASK Group 4 02 Financial Performance - Q4 and FY24 5-8 03 Key Growth Strategies and New Initiatives 9-10 04 Technical Collaborations & Partnerships 11 05 Positioning in EV Segment 12 06 Transition to Renewal Energy 13 07 Customer Relationship and Recognitions 14-15 08 CSR and Ot
Slide 4: Cautionary Statement
Cautionary Statement This presentation and the accompanying slides (the “presentation”) contain selected information about the activities of ASK Automotive Limited (the “Company”) and its subsidiaries and affiliates (together, the “Group”) as at the date of the presentation. It does not purport to p
Slide 5: ASK Group Overview - Leading Brand in 2W Braking Segment in India
ASK Group Overview - ASK is a leading Brand in 2W Braking Segment in India 30+ Years Product Segments Experience in safety products and solutions ~50% 12 Market Share in Exporting 2W’s AB systems 38% countries in India Advanced Braking Systems 43% FY23-24 Aluminum Long Total Income Lightweighting st
Slide 6: Strong Financial Performance delivering higher returns in FY24
Strong Financial Performance delivering higher returns in FY24 ▪ Outperformed 2W Industry Growth ▪ EPS increased to Rs. 8.8 in FY24, up 43% ▪ Significant Top line & Bottom-line Growth ▪ Higher Returns on Capital ▪ 38% in Revenue, 71% in EBITDA and 112% ▪ RoACE up at 23.64% and RoAE at 23.69% PAT in
Slide 7: Delivered Robust Performance in Q4 and FY 2023-24 - Consolidated
Delivered Robust Performance in Q4 and FY 2023-24 (in lacs) - Consolidated Total Income EBITDA and Margin% PAT and Margins % 8.8% 10.9% 9.6% 10.4% 3.9% 6.1% 4.8% 5.8% +17% 300495 +26% +41% 17377 256628 31102 24754 12295 +38% +71% +112% 78586 57113 8567 4776 5017 2254 Q4 FY23 Q4 FY24 12M FY23 12M FY2
Slide 8: Revenue by Product Segment, Channel and Geography - Consolidated
Revenue by Product Segment, Channel and Geography - Consolidated Product Segment Channel Geography Others, 2.4% Others, 2.4% Export, 4.9% SCC, 4.0% AM, 9.8% WA, 12.9% OES, 8.3% ABS, 38.0% OEM EV FY24 4.0% ALPS OEM ICE, 42.7% 75.4% Domestic, 95.1% SCC, 3.5% Others, 2.1% AM, 11.0% Others, 2.1% Export,
Slide 9: Product Segment Revenue - Consolidated
Product Segment Revenue (Rs. lacs) - Consolidated Advanced Braking Systems Aluminium LW Precision Solutions Safety Control Cables +6.5% +28.8% 127905 +36.0% 106723 113656 12089 99317 8889 +22.7% +72.5% +32.4% 23588 28952 33549 3132 19449 2366 Q4 FY23 Q4 FY24 12M FY23 12M FY24 Q4 FY23 Q4 FY24 12M FY2
Slide 10: Key Growth Strategies
Key Growth Strategies Strengthen position Diversify product offering in AB Develop innovative systems in the growing EV systems and ALP solutions and and solutions and have sector in India expand market in PV and CV strong pipeline of products segment Electrification Focus on Export Independent Focu
Slide 11: Focus on New Growth Initiatives
Focus on New Growth Initiatives… ▪ Entry in 2W HPDC Alloy Wheel ▪ Mega Manufacturing facility at Karoli Commissioned Signed Technical Collaboration agreement with LIOHO, Taiwan to manufacture 2W HPDC Alloy Wheels in Feb’24 Largest manufacturing plant at Karoli, Rajasthan with investment of Rs. 38,00
Slide 12: World Class Technical Collaborations and Global Partnerships
World Class Technical Collaborations and Global Partnerships... Technical Collaborations Joint Ventures 2001 - Japanese Manufacturer 2016 - NUCAP, Canada 2018 - FRAS-LE, Brazil A prestigious manufacturer & supplier of A Patented Retention Systems - Mechanical A Randon group company, Fras-le is a glo
Slide 13: Prominent Player in 2W EV Segment to Capture Growing Electrification Trend
Prominent Player in 2W EV Segment to Capture Growing Electrification Trend DIVERSE EV PRODUCT OFFERINGS ASK Revenue Growth in EV (in lacs) 12044 CAGR 227% Belt Cover 5177 Belt Cover Rear Foot Rest HU Base Hub Front Front 1127 22 FY21 FY22 FY23 FY24 Intermediate Hub RR Back Hub Rear Pulley Rear Grip
Slide 14: ESG - Transition towards Renewable Energy
ESG - Transition towards Renewable Energy PNG usage (units in SCM millions) ▪ Clear focus towards Renewal 2.82 Energy ▪ Replaced diesel with PNG in melting furnaces 0.60 0.31 0.42 ▪ Setting up 9.9 MWp Solar 2021 2022 2023 2024 Power Plant for captive consumption with investment of around Rs. 4800 la
Slide 15: Long-standing Relationship with Indian and Global OEM players
Long-standing Relationship with Indian and Global OEM players 2 Wheelers-ICE 2W Years of Customers Relationship Hero MotoCorp Limited Hero MotoCorp Limited 31 2 Wheelers-EV 23 India’s largest 2W EV OEM 22 4 Wheelers 22 21 Commercial Vehicle Export Customers Two Prominent CV Polaris Inc. OEMs 17 in I
Slide 16: Awards and Recognitions
Awards and Recognitions 7 Awards for Excellence in Development 8 Awards for Excellence in Quality 6 Awards for Excellence in Performance 6 Awards for Excellence in Cost Innovation 15
Slide 17: Diverse & Extensive Product Portfolio
Diverse & Extensive Product Portfolio 2W 3W 4W CV (Joint Venture) Advanced Braking Brake Shoe Brake Pad Brake Lining System Brake Shoe Brake Pad Brake Shoe Brake Pad Brake Panel Case Mission 2W PV Exports EV Aluminum LW Crank Case Engine Cover ECU Body ECU Housing Demolition Geared Pulley Precision
Slide 18: Board of Directors
Board of Directors Kuldip Singh Rathee - Chairman & MD Arun Duggal - Independent Director • Bachelor’s degree in arts (Economics Honours) from Delhi University • Bachelor’s degree in technology (mechanical engineering) from Indian Institute of • Served in the Central Reserve Police Force and was dir
Slide 19: ASK Group's Strengths
ASK Group’s Strengths Largest manufacturer of 2W Advanced Braking System in India with ~50% market share Powertrain Agnostic product offerings in both EV and Non-EV 4 World Class Technical Collaborations and 2 World Class Joint Ventures High entry barriers due to proprietary material formulations, i
Slide 20: Geographical Presence across India
Geographical Presence across India Himachal Pradesh Baddi – 1 Plant Uttarakhand Corporate Office Haryana Haridwar – 2 Plants Gurugram/Manesar - 9 Plants, JV - 1 Plant Rajasthan Karoli (WOS) – 1 Plant 7,000+ Gujarat Workforce Ahmedabad - 1 Plant Karnataka Bengaluru* ASK - 1 Plant, WOS - 1 Plant 17 St
Slide 21: AHSAAS Trust - A CSR Initiative
AHSAAS Trust – A CSR Initiative Focusing Our Efforts Today for a Better Tomorrow for Everyone. AHSAAS, the philanthropic arm of ASK Automotive was born out of our chairman & Managing Director Mr. Kuldip Singh Rathee and his wife and Non- Executive Director Ms. Vijay Rathee with an aim and dedication
Slide 22: KPIs
KPIs S.No. KPI 31-Mar-24 31-Mar-23 1 Revenue from Operations (in lacs) 299455 255517 2 Revenue Growth (%) 17.20% 26.93% 3 EBITDA (in lacs) 31102 24754 4 EBITDA Margin (%) 10.35% 9.65% 5 Profit after tax for the year (“PAT”) in lacs 17377 12295 6 PAT Margin (%) 5.78% 4.79% 7 Return on Average Equity
Slide 23: Annexure
Annexure 22
Slide 24: Consolidated Financial Statements – Statement of Profitability
Consolidated Financial Statements – Statement of Profitability Statement of Consolidated Financial Results for the quarter and year ended 31 March 2024 (All amounts are in INR Lakhs, except otherwise stated) Quarter ended Year ended 31 March 31 March 31 December 31 March 2024 31 March 2024 2023 S. N
Slide 25: Consolidated Financial Statements – Balance Sheet
Consolidated Financial Statements – Balance Sheet Statement of Consolidated Assets and Liabilities Statement of Consolidated Assets and Liabilities (All amounts are in INR Lakhs, except otherwise stated) (All amounts are in INR Lakhs, except otherwise stated) As at As at As at As at Particulars Part
Slide 26: Consolidated Financial Statements – Cash Flow Statement (1/2)
Consolidated Financial Statements – Cash Flow Statement (1/2) Statement of Consolidated Cash Flows for year ended 31 March 2024 (All amounts are in INR Lakhs, except otherwise stated) For the year ended For the year ended Particulars 31 March 2024 31 March 2023 Audited Audited A. Cash flow from oper
Slide 27: Consolidated Financial Statements – Cash Flow Statement (2/2)
Consolidated Financial Statements – Cash Flow Statement (2/2) Statement of Consolidated Cash Flows for year ended 31 March 2024 (All amounts are in INR Lakhs, except otherwise stated) For the year ended For the year ended Particulars 31 March 2024 31 March 2023 Audited Audited B. Cash flow from inve
Slide 28: Glossary
Glossary Term Description Term Description AB Advanced Braking ECU Electric Control Unit ALP Aluminium Lightweighting Precision MCU Motor Control Unit SCC Safety Control Cables HMI Human-machine interface AM / IAM Independent Aftermarket HEV Hybrid Electric Vehicles OEM Original Equipment Manufactur
Slide 29: For further information Contact
For further information Contact ASK Automotive Ltd. Adfactors PR 1. Mr. Naresh Kumar - Chief Financial Officer 1. Mr. Mohit Burman - AGM Corporate Communication naresh@askbrake.com mohit.burman@askbrake.com 2. Mr. Sanjeev Arora - Sr. VP Finance & Head IR 2. Mr. Rushabh Shah investor@askbrake.com rus