Uno Minda Limited · NSE:UNOMINDA
Uno Minda — Q3 FY2022 Earnings Presentation
24 slides from Uno Minda's earnings presentation, Feb 7, 2022
Slide 1: Investor Presentation Q3FY22
Investor Presentation Q3FY22 February 7, 2022 Transforming The Present, Reimagining The Future
Slide 2: Safe Harbor
2/24 SAFE HARBOR This presentation and the accompanying slides (the “Presentation”), has been prepared by Minda Industries 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
Slide 3: Content
Content 3/24 Industry Landscape Key Operational Highlights Financial Highlights Strategic Business Update Annexures Overview: Uno Minda Group
Slide 4: Industry Highlights
4/24 INDUSTRY HIGHLIGHTS Union Budget 2022: interoperability standards for battery swapping to facilitate fast EV adoption Mandatory Airbags – another step towards increasing Road Safety: GOI issued a notification on January 14th, 2022 proposing to make it mandatory for car manufactures to have a mi
Slide 5: Key Operational Highlights for the Quarter
5/24 KEY 0PERATIONAL HIGHLIGHTS FOR THE QUARTER Joint Venture with Friwo enhancing the already We are impressive EV product portfolio GREAT PLACE TO WORK-CERTIFIED Building and Sustaining High-Trust, TLA with Dhama Innovations for Temperature High-Performance Culture Controlled Automotive Seats. Und
Slide 6: Financial Information & Recent updates
Financial Information & Recent updates
Slide 7: Key Financial Highlights for the Quarter
7/24 KEY FINANCIAL HIGHLIGHTS FOR THE QUARTER Revenues increased by 7% Y-o-Y and 3% Q-o-Q to Rs 2,181 Cr for the quarter in spite of supply side constraints adversely impacting auto industry volumes. EBIDTA higher by ~3% Q-o-Q to Rs 235 Cr for the quarter however lower on Y-o-Y basis as the input co
Slide 8: Consolidated Financial Highlights – Q3FY22
8/24 CONSOLIDATED FINANCIAL HIGHLIGHTS – Q3FY22 Revenue (Rs. Cr) EBITDA (Rs. Cr) 279 2,181 2,031 235 236 100 228 94 20 13 1,803 1,945 159 129 Q3 FY21* Q3 FY22 Q3 FY21* Q3 FY22 PBT** Interest Depreciation MIL HSSL PAT^ (Rs. Cr) Margin (%) 13.7% 10.8% 115 101 5.7% 4.6% Q3 FY21* Q3 FY22 Q3 FY21* Q3 FY2
Slide 9: Revenue Bridge
9/24 REVENUE BRIDGE Rs. Crs 2,181 95 8 2,031 97 -39 28 -39 Q3FY21* Switch Lightings Acoustics Castings Seatings Others Q3FY22 * Restated on account of Harita Merger
Slide 10: Business Review
10/24 BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs Crores) Business Developments 33% 33% 31% • Won Orders from 2W EV OEMs for switches 29% 677 736 29% 649 • Commercial production started for export order from 2W 638 460 marque OEM Switches Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22 23
Slide 11: Business Review
11/24 BUSINESS REVIEW Product Segment Revenue Growth ( Figures in Rs Crores) Business Developments 9% 10% 9% 7% 7% • Won order from 2W EV OEM • Acoustics Business in Europe remain subdued 190 193 155 154 151 however volumes are increasing gradually. Acoustics Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22
Slide 12: Division-wise Revenue Mix
12/24 DIVISION-WISE REVENUE MIX Q3 FY21 (%) Q3 FY22 (%) Others Others 16% 11% Switches Seatings 29% Seatings Switches 11% 11% 33% Castings Castings 13% 16% Acoustics Lighting Acoustics 9% Lighting 23% 7% 22%
Slide 13: Revenue Breakups Q3 FY22
13/24 REVENUE BREAKUPS Q3 FY22 International Replacement 14% 12% Geography-wise Breakup Channel-wise Breakup India 86% OEM 88% AFTERMARKET DIVISION REVENUE (Rs Cr) 11% 10% 12% 11% Segment-wise 7% Breakup 262 223 215 225 4W 2W 114 53% 47% Q3 FY21 Q4 FY21 Q1 FY22 Q2 FY22 Q3 FY22
Slide 14: Strategic Business Update
14/24 STRATEGIC BUSINESS UPDATE Minda iConnect: Consolidation of Minda Kosei: Merger of Subsidiary Partnership Firms Stake Increase in Subsidiary Meeting of Shareholders and MIL will acquire the stake in 4 MIL shall enhance its stake in Creditors is scheduled to be affiliate partnership firms, as a
Slide 15: Additional Investment in Minda Kosei Aluminum
15/24 Additional Investment in Minda Kosei Aluminum Minda Industries Ltd is Increasing stake in Joint venture company Minda Kosei Aluminum Wheels (P) Ltd (MKA). from 70% to 77.35% by subscribing to rights issue at face value of Rs 10 each. 4W Alloy Wheel Capacity per month (In ‘000) 330 Joint ventur
Slide 16: Consolidation of Partnership Firms
16/24 Consolidation of Partnership Firms Financial Snapshot ( In Rs Crores) The company initiated consolidation exercise five years back as part of YA Auto Auto which stakes owned by promoter under UNO Minda group in various Industries Components entities were transferred to Minda Industries Ltd at
Slide 17: Annexures
ANNEXURES 17
Slide 18: Consolidated Profit & Loss Statement
18/24 CONSOLIDATED PROFIT & LOSS STATEMENT Rs. Crs Particulars (Rs. Crores) Q3 FY22 Q3 FY21 Y-o-Y% Q2 FY22 QoQ% 9MFY22 9MFY21 Y-o-Y% Revenue from Operations (Net of Excise) 2,181.4 2,031.2 7% 2,114.0 3% 5,897.9 4,135.5 43% Raw Material 1,402.0 1,239.6 1,340.6 3,724.5 2,514.9 Employee Cost 295.4 272.
Slide 19: About UNO Minda
About UNO Minda Transforming the present, Reimagining the future
Slide 20: About UNO Minda
20/24 ABOUT UNO MINDA • Minda Industries Limited is one of the leading manufacturers of auto components domestically with leadership #1 Seats across key product segments. With 20+ Product Lines, 1000+ Business Partners and over 23,000 employees, covering 50,000+ touch points, the company has 6 decad
Slide 21: Global & Domestic Presence - UNO Minda
21/24 GLOBAL & DOMESTIC PRESENCE - UNO MINDA Overseas Strategically located plants across all major auto hubs India 65 R&D 11 R&D 6 Plants Plants Centers 7 Sales Offices HO Head RO Registered Office Office 4 Design Centers North and South America Asia (w/o India) Mexico Europe (Queretaro) Indonesia
Slide 22: UNO Minda's EV Product Portfolio (2W & 3W)
22/24 UNO MINDA’s EV PRODUCT PORTFOLIO (2W & 3W) Low Voltage EV Products (48V to 72V) Smart Plug On-Board RCD Cable Charger Body Control Module (BCM) DC-DC Converter Battery Management System Telematics Battery Pack Motor Controller Acoustic Vehicle Alert System Off Board Charger
Slide 23: Environment, Social and Governance (ESG) Initiatives
23/24 Environment, Social and Governance (ESG) Initiatives • Group has taken a lot of initiatives like given below which are expected to have environmental benefits and reduce operational costs • Roof-top solar installation- Installed 8.4 MW rooftop solar cells across 20 plants- ~10% of power requir
Slide 24: Thank You
24 24/24 For Further Information, please contact : Company : Investor Relations Advisors : Thank You Corporate Office Minda Industries Ltd. Mr. Ankur Modi Strategic Growth Advisors Pvt. Ltd. Head Treasury and Mr. Jigar Kavaiya Investor Relation Jigar.kavaiya@sgapl.net Address: Village Nawada Fatehpu