Gabriel India Limited · NSE:GABRIEL

Gabriel India — FY2019 Earnings Presentation

25 slides from Gabriel India's earnings presentation, May 2019

  1. Slide 1: Gabriel India Ltd Result Update Presentation FY19

    Successful Growth Gabriel India Ltd Quality Result Update Presentation FY19 Research & Development Customer Relationships

  2. Slide 2: Safe Harbour

    Safe Harbour This presentation and the accompanying slides (the “Presentation”), has been prepared by Gabriel India Limited (the “Company”), solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form t

  3. Slide 3: Financial Highlights – FY19

    Financial Highlights – FY19 (Rs. Mn) % on Y-o-Y basis Revenue EBITDA % PAT 20,765 950 13.3% 8.6% 0.8% 1,778 1,431 4.6% 3.8% 4.3% EBITDA PBT PAT % 3

  4. Slide 4: Financial Highlights – Q4 FY19 v/s Q4 FY18

    Financial Highlights – Q4 FY19 v/s Q4 FY18 (Rs. Mn) Revenue EBITDA % on Y-o-Y basis 464 5,103 Key Highlights 4,968 343 Revenue: Revenue led by Higher Volumes across TWBU & CVRBU Q4FY18 Q4FY19 Q4FY18 Q4FY19 PBT: Profitability dropped due to PBT PAT higher RMC % (Commodity, Sales Mix & Rupee depreciat

  5. Slide 5: Revenue Mix

    Revenue Mix Segment – Mix Channel – Mix 100% 100% 100% 100% 100% 100% 100% 100% 4% 4% 4% 4% 11% 13% 13% 14% 13% 13% 11% 11% 31% 24% 32% 31% 83% 83% 85% 85% 58% 62% 55% 56% FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 2W Passanger Vehicle Commercial Vehicle OE Replacement Export Note: FY17,FY18 & FY19 dat

  6. Slide 6: Profit and Loss Statement

    Profit and Loss Statement % of Q4FY18 % of YoY% % of FY18 % of YoY% Rs. Mn Q4 FY19 FY19 Revenue Revenue Revenue Revenue Revenue (net of excise duty) 5,103 100.0% 4,968 100.0% 2.7% 20,765 100.0% 18,331 100.0% 13.3% Raw Material 3,774 73.9% 3,546 71.4% 15,070 72.6% 13,106 71.5% Employee Expenses 374 7

  7. Slide 7: Balance Sheet

    Balance Sheet ASSETS (Rs. Mn.) Mar-19 Mar-18 EQUITY AND LIABILITIES (Rs. Mn.) Mar-19 Mar-18 Non-current assets 3,969 3,417 EQUITY 5,900 5,249 Property, Plant and Equipment 2,955 2,926 Equity Share Capital 144 144 Capital work-in-progress 538 78 Investment Property 22 23 Other Equity 5,756 5,105 Inta

  8. Slide 8: Quarterly Performance Trend

    Quarterly Performance Trend Revenue EBITDA PAT 942 950 1,713 1,778 20,765 343 827 173 18,331 5103 465 752 257 1,462 15,206 4968 226 14,305 1,294 375 430 220 205 Q4 5100 3882 328 402 215 3634 187 4471 351 177 Q3 315 515 3721 289 3528 5416 455 266 Q2 4717 383 213 3919 338 194 3739 490 Q1 5146 390 268

  9. Slide 9: Key Ratios

    Key Ratios D:E Ratio (x) ROIC* (%) 33.2% 0.31 29.1% 27.8% 27.7% 26.7% 0.23 19.9% 18.0% 0.04 0.03 0.02 0.02 0.01 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY13 FY14 FY15 FY16 FY17 FY18 FY19 * Invested capital excluding Cash & Bank balances, Mutual Fund investments and returns thereon 9

  10. Slide 10: Capital Expenditure

    Capital Expenditure (Rs.Mn) 500 437 396 388 348 FY14 FY15 FY16 FY17 FY18 FY19 10

  11. Slide 11: Working Capital

    Working Capital Net Working Capital (In Days) 30 28 26 26 25 24 FY14 FY15 FY16 FY17 FY18* FY19* * Adjusted for vendor bills discounted and non-inclusion of final dividend as proposed dividend in comparison to earlier years. The adjusted net working capital days for FY18 & FY19 will be 23 & 28 days.

  12. Slide 12: Improving Dividend Profile

    Improving Dividend Profile Dividend Per Share (Rs.) 1.50 • Continuous Dividend 1.40 1.30 since 1998 1.20 1.05 • Stable Payout Ratio 0.85 • Declared Final Dividend of Rs. 0.95 per share, amounting to 95% of Face Value • Total Dividend of Rs. 1.50 per share of Re. 1 each FY14 FY15 FY16 FY17 FY18 FY19

  13. Slide 13: “Great Place to Work”

    “Great Place to Work” ▪ Rank #89 among Top 100 Companies to 2018 work for in India ▪ Ranked in Top 25 workplaces in manufacturing in India ▪ Ranked #2 in Auto & Auto Component 2017 Industry ▪ Rank #52 among Top 100 Companies to work for in India ▪ Ranked #3 in Auto Component Industry 2016 ▪ Rank #70

  14. Slide 14: Awards / Accolades

    AWARDS / ACCOLADES Toyota Award for Zero PPM, Quality Certificate and HMSI Award for Quality Management Special Safety Recognition Suzuki Motorcycles Award for Cost MSIL Award for Special Support Reduction through VA/VE 14

  15. Slide 15: Awards / Accolades

    AWARDS / ACCOLADES Yamaha Global Award for Excellence in TVP Implementation Powerdown – Certificate of Consistency Gold Award of FICCI Quality System Excellence for Manufacturing 15

  16. Slide 16: Business Overview

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  17. Slide 17: Company at a Glance

    Company at a Glance Incorporated The company, Gabriel India, in 1961 Experienced & Professional Management Pioneers of Shock Absorber manufacturing in India Innovation Strong R&D with over 75 patents filed in Products & Processes Only Player Present in all Segment 2/3 Wheelers, Passenger Cars and Co

  18. Slide 18: Pioneer of Ride Control Products

    Pioneer of Ride Control Products… 2/3 Wheeler Passenger Car CV & Railways Cartridges Shock Absorbers Front Forks Hydraulic Shock Gas Shock Cabin Dampers Absorbers Absorbers Gas Shock McPherson Seat Dampers Absorbers Struts After Market across all segments 18

  19. Slide 19: …with Diversified Revenue

    …with Diversified Revenue Revenue (Rs. Mn) Segment Mix: FY19 2/3 Wheelers 20,765 62% 18,331 15,206 14,355 14,305 12,813 Passenger 11,831 Commercial cars Vehicles 24% 14% Channel Mix: FY19 Aftermarket OE 11% 85% FY13 FY14 FY15 FY16 FY17 FY18 FY19 Exports 4% Note: FY17,FY18 & FY19 data are as per INDA

  20. Slide 20: Strategic Manufacturing Footprint

    Strategic Manufacturing Footprint Ashok Leyland SML Isuzu GIL Presence Honda Cars Tata Motors Honda Motorcycles TVS Motors GIL Plants ICML Yamaha India Maruti Suzuki Parwanoo GIL Satellite Locations Suzuki Motorcycles Manesar Khandsa AMW GM Sanand Dewas Tata Motors Hindustan Motors Honda Motorcycles

  21. Slide 21: Strategy Going Ahead

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  22. Slide 22: Strategic Business Unit Approach

    Strategic Business Unit Approach 2/3 Wheeler Passenger Car • Quality & Process • Product Innovation Technology • Improving Market Share • Capacity Enhancement 01 04 02 03 CV & Railways Aftermarket • Product Development • Product Technology • Expanding Reach • New Product Devolvement To derive benefi

  23. Slide 23: “No” OEM accounting for >20% of Sales

    “No” OEM accounting for >20% of Sales 2/3 Wheeler Passenger Car CV & Railways 23

  24. Slide 24: Key Drivers for Growth

    Key Drivers for Growth • Exports Focus • Inorganic Growth • Global Manufacturing Footprint Sales Growth • Customer Focus • Debt Reduction • Break Even Point (BEP) Reduction Efficiency Technology & Improvement • Simplification of Innovation Parts • Improvement in quality • Automation • R & D Focus .

  25. Slide 25: For further information, please contact

    For further information, please contact: Company : Investor Relations Advisors : Gabriel India Ltd. Strategic Growth Advisors Pvt. Ltd. CIN : L34101PN1961PLC015735 CIN : U74140MH2010PTC204285 Mr. Manoj Kolhatkar Mr. Jigar Kavaiya / Ms. Neha Shroff Manoj.Kolhatkar@gabriel.co.in jigar.kavaiya@sgapl.ne

Gabriel India — FY2019 Earnings Presentation on 6ix