Talbros Automotive Components Limited · NSE:TALBROAUTO
Talbros Automotive Components — Q1 FY2021 Earnings Presentation
34 slides from Talbros Automotive Components's earnings presentation, Aug 28, 2020
Slide 1: Investor Presentation August 2020
1 INVESTOR PRESENTATION August 2020 1
Slide 2: Safe Harbour
Safe Harbour This presentation and the accompanying slides (the “Presentation”), which have been prepared by Talbros Automotive Components Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscrib
Slide 3: Consolidated Q1FY21 Performance Highlights
Consolidated Q1FY21 Performance Highlights Rs. Crores Total Income from Operations^ EBIDTA^ 109.1 12.3 50.5 1.8 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Continuous focus on Cost Optimization resulted in Positive EBITDA during these challenging times As per Ind AS ^ Includes other income * Includes Share of P
Slide 4: TACL Group – Corporate Structure
TACL Group – Corporate Structure Figures in Rs. Crores FY20^ Q1 FY21^ Group Turnover As per I-GAAP Gaskets 265 32 Talbros Automotive Components Ltd. Forgings 134 19 FY20 Q1 FY21 40% 50% 50% 688 65 Nippon Leakless Talbros Pvt Magneti Marelli Talbros Talbros Marugo Rubber Pvt Ltd.* Chassis Systems Pvt
Slide 5: Talbros Automotive Components Ltd (TACL) - Group
Talbros Automotive Components Ltd (TACL) - Group Product Portfolio Entities TACL Group Turnover*(Rs. Crs) Q1FY20 FY20 Q1FY21 TACL Standalone 74 265 32 Gaskets Nippon Leakless Talbros Pvt Ltd 29 106 6 Forgings TACL Standalone 37 134 19 Q1 Q1 FY20 FY20 FY21 185 688 65 Chassis Magneti Marelli Talbros C
Slide 6: Witnessing Gradual Recovery on MoM basis (1)
Witnessing Gradual Recovery on MoM basis (1) -10% Gasket Rs. Crores 2.8 19.3 Revenue Q1 FY21 EBITDA Q1 FY21 -50% 0.4 11.7 -100% 0.0 -2.5 April May June April May June Forgings -4% 2.2 11.9 Revenue Q1 FY21 EBITDA Q1 FY21 -46% 6.4 -100% -0.1 0.0 -0.9 April May June April May June As per Ind AS ^ Exclu
Slide 7: Witnessing Gradual Recovery on MoM basis (2)
Witnessing Gradual Recovery on MoM basis (2^) Nippon Leakless Talbros Pvt Ltd* Magneti Marelli Talbros Chassis Systems Pvt Talbros Marugo Rubber Pvt Ltd* Ltd* -43% -27% -70% 1.8 2.3 1.0 Revenue Q1 FY21 Revenue Q1 FY21 Revenue Q1 FY21 -94% -81% -53% -100% 0.4 -100% -100% 0.3 0.2 0.0 0.0 0.0 April May
Slide 8: Hedged Portfolio…
Hedged Portfolio… Q1FY21 - Revenue Contribution Segments Product Portfolio Market Exposure TMR 3% ▪ 2 Wheelers ▪ Gaskets ▪ OEMs NLK 4% ▪ 3Wheelers ▪ Heat Shields ▪ After Market MMT ▪ Passenger Vehicles ▪ Forgings ▪ Exports 4% ▪ Chassis Systems ▪ Commercial Vehicles ▪ Others Forgings ▪ Anti vibration
Slide 9: Across varied segments…
Across varied segments… 7% 3% 6% 6% 8% 28% 13% 32% 37% FY19* 20% FY20* Q1FY21* 35% 20% 23% 38% 24% 2 & 3 Wheelers Passenger Vehicle HCV & LCV Agri & Off Loaders Others 6% 6% 5% 6% 3% 6% 21% 18% FY20 30% FY19 Q1FY21 68% 61% 70% OEM Exports After Market Others *Domestic Breakup 9
Slide 10: Having Diversified Customer base
Having Diversified Customer base Rs. Crores FY20 – Rs. 688 Cr.^ Q1FY21 – Rs. 65 Cr.^ Maruti Suzuki Bajaj Auto , India, 12% 13% Hero Hero Motocorp, Motocorp, 9% Others, 38% 11% Others, 44% Maruti Suzuki Bajaj Auto , India, 8% 9% Jaguar Land Jaguar Land Rover, 6% Tata Motors, BMW, Rover, 6% BMW, 5% Gk
Slide 11: Consolidated Q1 FY21 Highlights
Consolidated Q1 FY21 Highlights Commenting on the performance Mr. Anuj Talwar, Jt. Managing Director, Talbros Automotive Components Limited said: 51 Crores “As we move forward, signs of recovery is getting stronger. We Total Income^ have taken several proactive measures to optimize our fixed expense
Slide 12: Q1 FY21 JV’s Performance Highlights
Q1 FY21 JV’s Performance Highlights Nippon Leakless Talbros Pvt Ltd* Magneti Marelli Talbros Chassis Systems Talbros Marugo Rubber Pvt Ltd* Pvt Ltd* Total Income from Operations Total Income from Operations Total Income from Operations 12.0 16.0 6.0 2.2 1.4 2.6 Q1 FY20 Q1 FY21 Q1 FY20 Q1 FY21 Q1 FY2
Slide 13: Order Inflow
New Order Wins provide long term visibility Company has received aggregate orders worth USD 31 mn (Rs. 234 cr) including orders received in JV and subsidiary companies catering to Commenting on the order Mr. Anuj Talwar, Jt. Managing Director, Talbros Order Inflow Domestic and International markets
Slide 14: Q1FY21 Consolidated Profit & Loss Statement
Q1FY21 Consolidated Profit & Loss Statement Particulars (Rs. In crores) Q1 FY21 Q1 FY20 FY20 Revenue from Operations 48.8 107.5 385.3 Other Income 1.7 1.6 5.7 Total revenue from Operation 50.5 109.1 391.0 Raw Material 28.4 58.7 204.8 Employee Cost 9.4 14.7 56.0 Other Expenses 10.8 23.4 87.1 EBITDA 1
Slide 15: FY20 Consolidated Balance Sheet
FY20 Consolidated Balance Sheet ASSETS Mar-20 Mar-19 EQUITY AND LIABILITIES Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 149.2 139.7 Equity Share capital 12.3 12.3 Capital work in progress 0.6 6.4 Other equity 185.6 186.4 Investment property 2.9 3.1 Sub-total - Shareholders'
Slide 16: Q1 FY21 Standalone Profit & Loss Statement
Q1 FY21 Standalone Profit & Loss Statement Particulars (Rs. In crores) Q1 FY21 Q1 FY20 FY20 Revenue from Operations (Net of Excise) 48.8 107.5 385.3 Other Income 1.7 1.6 8.1 Total revenue from Operation 50.5 109.1 393.4 Raw Material 28.4 58.7 204.8 Employee Cost 9.4 14.7 56.0 Other Expenses 10.8 23.
Slide 17: FY20 Standalone Balance Sheet
FY20 Standalone Balance Sheet ASSETS Mar-20 Mar-19 EQUITY AND LIABILITIES Mar-20 Mar-19 Non-current assets Equity Property, plant and equipment 149.2 139.7 Equity Share capital 12.3 12.3 Capital work in progress 0.6 6.4 Other equity 165.6 171.9 Investment property 2.9 3.1 Sub-total - Shareholders' f
Slide 18: Business Confirmations & Strategy
Business Confirmations & Strategy Gaskets Standalone Nippon Leakless JV* ▪ Orders received in the past: • Order worth Rs. 7 Cr from 2 European car manufacturers for supplying Heat Shields • Order worth Rs. 5 Cr from US based car manufacturer for supplying 333 47 49 292 44 42 Gaskets 267 265 • Starte
Slide 19: Business Confirmations & Strategy
Business Confirmations & Strategy Magneti Marelli Talbros Chassis Systems Pvt Ltd (MMT)* +17% 68 ▪ Orders received in the past: 65 • Order worth Rs. 5 Mn from a European car manufacturer for 54 supplying EPP Support Bracket 43 • From a Domestic OEM for Lower Control Arm worth Rs. 10 Crs p.a. From an
Slide 20: Leadership Team driving Growth & Profitability
Leadership Team driving Growth & Profitability Joint Managing Director Director & Group CFO Anuj Talwar Navin Juneja Is a Bachelor in Business Is a B.Sc. (Mathematics) and Administration from college of Chartered Accountant (FCA). He is William & Mary, Virgina, USA and working as Finance Head of Tal
Slide 21: One of the Most Hedged Auto Component Players
About Us Over 6 Decades of experience in Auto Component manufacturing One of the Diversified Auto Component player with presence across Two Wheelers, Passenger, Commercial Vehicles and Farm Equipment's Most Hedged Auto Wide client base, ~40% revenue from top 5 clients Component Businesses across OEM
Slide 22: Board of Directors
Board of Directors Mr. Naresh Talwar Mr. Umesh Talwar Mr. Varun Talwar Chairman Vice Chairman & MD Joint Managing Director Mr. Anuj Talwar Mr. Navin Juneja Mr. Vidur Talwar Joint Managing Director Director Non Executive Director Mr. V Mohan Mr Anil Kumar Mehra Mr. Amit Burman Independent Director In
Slide 23: Executive Management
Executive Management Mr. Manish Khanna Mrs. Seema Narang Chief Financial Officer Company Secretary A Qualified CA and MBA, he has over 17 years of experience with LeeBoy India She has over 22 years of experience in the secretarial department and has worked with Constructions, Doosan Infracore, Escor
Slide 24: Standalone Business - Gaskets
Standalone Business - Gaskets ▪ In – House tool design and manufacturing Q1 FY21 Revenue Rs 31 Crores* Q1 FY21 OEM Breakup ▪ ~40% Market share in Gaskets 3x the Export Others 18% 2 & 3 Wheelers nearest competitor 2% 6% ▪ Market Leader in – Two Wheeler, Agri & 19% 37% Passenger Vehicle After Off Load
Slide 25: Standalone Business - Forgings
Standalone Business - Forgings Q1 FY21 Revenue Rs 18 Crores* ▪ One stop solution for Hot Forging Exports (750 to 2,500 Ton Press) 55% ▪ In-House tool design and manufacturing OEM Others ▪ Strong presence in Overseas Market & 40% 5% Supplier to top Tier I companies ▪ One Stop Solution for Die Design,
Slide 26: Scope of Joint Ventures
Scope of Joint Ventures Rear Twist Beam Axle Fuel Hose Strut Mount Steering Bush Front Cross Members Engine Mount Suspension Arms Bush Wheel Group + Corner Module Air Hose Control Arms Knuckles Exhaust Hanger MMT MMT TMR TMR Existing Business Planned for Future Existing Business Planned for Future 2
Slide 27: Evolving Product Portfolio
Evolving Product Portfolio JV with Marugo Evolution Rubber Continues... Revenue FY07 JV with Magneti Marelli Hoses Hoses TA with SANWA Anti Vibration Anti Vibration Gasket 100% Acquired Sheet Metal, Products Products Entry into Forgings, JV with NLK - Gaskets Chassis Systems Chassis Systems Chassis
Slide 28: Strong Global Partnerships - Joint Ventures
Strong Global Partnerships - Joint Ventures Joint Ventures About the JV Products Customers ▪ Nippon Leakless Corporation (Japan) - One of the ▪ Hero Motor Corp largest global manufacturers of gaskets and a ▪ HMSI major Supplier for Honda Gaskets ▪ India Yamaha ▪ Honda Car India ▪ Established in 2005
Slide 29: Hedged Customer Base
Diversified Customer - OEM 2 Wheeler Passenger Hedged Customer Base HCV/LCV Agri & Off Loader Agri & Off Loader 29
Slide 30: Equity
Equity Consistently paying Dividend for the last 50 years In Rs 1.8 1.5 1.5 1.5 1.5 1.2 1.2 1.2 1.2 1.2 1.0 0.5 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Promoter Shareholding 56.6% 56.6% 56.6% 56.6% 58.2% 51.5% 53.9% 54.0% 44.5% 45.6% 46.3% 41.6% 37.8% Jun-09 Jun-10 Jun-11 Jun-12
Slide 31: Awards
Awards 31
Slide 32: Appreciation From Customers
Appreciation From Customers 32
Slide 33: Customer Awards for Best Performances
Customer Awards for Best Performances ACMA 16th Quality Circle HR Association India PNGI HR Eicher Engine Toyota Kirloskar Competition 2019 Gold Award 2019 Excellence Award 2018 Supplier Meet 2018 Zero Defect Supplies 2018 Toyota Kirloskar Kirloskar Achieving targets in Quality 2018 Supplier quality
Slide 34: For further information, please contact:
For further information, please contact: Company : Investor Relations Advisors : Talbros Automotive Components Ltd. Strategic Growth Advisors Pvt. Ltd. CIN: L29199HR1956PLC033107 CIN: U74140MH2010PTC204285 Mr. Navin Juneja – Director & Group CFO Mr. Shogun Jain / Ms. Akashi Modi Email: navinjuneja@q
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