Slide 1: Cover letter to stock exchanges: Earnings update for quarter ended June 30, 2019
August 12, 2019 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Scrip Code: MIN
Slide 2: Minda Corporation Limited Q1 FY20 Earnings Presentation
Mechatronics Minda Corporation Limited (NSE: MINDACORP; BSE: 538962) Q1 FY20 Earnings Presentation Information & Connected Systems Aug 2019 Plastics & Interiors Instrument Clusters Sensors Wiring Harness Locks Door Handles Starter Motors Al & Zn Cutting Parts Plastic Component
Slide 3: Table of Contents
Table of Contents 1. Minda Corporation Consolidation 2. Quarterly Updates ❖ Company Snapshot ❖ Industry at Glance ❖ Consolidated Performance ❖ Way Forward ❖ Awards and CSR 3. Annexure A Earnings Presentation 2
Slide 4: Minda Corporation Consolidation
Minda Corporation Consolidation Minda Corporation received NCLT order for merger of five domestic wholly owned subsidiary companies Unified entity to benefit from efficiencies of scale along with simplification of corporate structure Impact on Revenue – FY2019 (in Rs. Mn) Schematic Representation 1.
Slide 5: Rationale for Merger
Rationale for Merger Amalgamation of the Transferor Companies into and with the Minda Corp will result in consolidation of the businesses, resulting in following benefits: 1 Create greater synergies among the businesses 3 Access to wider financial resources Increase in managerial efficiencies 2 4 Lo
Slide 6: Quarterly Updates
Quarterly Updates Earnings Presentation 5
Slide 7: One of India's leading automotive component companies with global footprint
One of India’s leading automotive component Companies with global footprint Revenue Breakdown Q1 FY20 Diversified product portfolio, global customers, strong manufacturing, and advanced R&D with six decades of automotive experience By Geography By End Market Revenue Rs. 30,920 mn (FY2019) After Mark
Slide 8: Automotive Industry in India - Q1 FY20
Automotive Industry in India - Q1 FY20 Q1 FY20 Y-o-Y Growth Commentary Auto Industry • The de-growth trend which started in H2FY19 in certain (10.8)% segments is now visible across all the segments in the Q1FY20 for Automobile industry (10.1)% 8.30 • Volumes impacted by: 7.40 • Subdued economic envi
Slide 9: Consolidated Performance – Q1 FY20
Consolidated Performance – Q1 FY20 Q1 Q4 (Rs. Million) FY20 FY19 FY19 Operating Revenue 7,083 7,783 7,714 Operating Revenue Growth (9.0)% (8.2)% Other Income 82 46 68 EBITDA 670 731 821 Margin (%) 9.5% 9.4% 10.6% Profit Before Tax (PBT) 329 507 581 Margin (%) 4.6% 6.5% 7.5% Profit After Tax (PAT) 21
Slide 10: Revenue: Consolidated Performance – Q1 FY20
Consolidated Performance – Q1 FY20 (in Rs. mn) Commentary – Q1 FY20 vs Q1 FY19 7,783 7,083 Revenue • Overall revenue declined by 9.0% y-o-y in Q1 FY20 due to fall in tooling sales in Minda KTSN, as compared to same period last year Q1 FY20 Q1 FY19 • Indian operation revenue grew by 0.9% y-o-y, outpe
Slide 11: Business Verticals Performance (Q1FY20 vs Q1FY19)
Business Verticals Performance (Q1FY20 vs Q1FY19) (in Rs. Mn) Mechatronics and AfterMarket Information & Connected Systems Plastics & Interiors + 2.6% - 1.3% - 37.7% 3,342 3,256 2,499 2,532 1,994 1,242 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Q1 FY20 Q1 FY19 Revenue 3,342 3,256 Revenue 2,499 2,532 Revenue 1,
Slide 12: Business Performance – Order Book
Business Performance – Order Book Business Updates – Q1 FY20 ▪ Mechatronics : (In Q1 Lifetime order worth approx. Rs. 430 cr, YTD 19-20 Lifetime order worth approx. Rs. 430 cr) • New order received for ‘Die Casting Parts’ from global Tier 1s (Lifetime business order of approx. Rs. 120 cr) • Awarded
Slide 13: Way Forward…
Way Forward… Context Response and Outlook India Mechatronics • Grow the Die-Casting Business through Export • Production cut by OEM’s to align with market • Adding new customer to gain Market share and premiumization of demand products to increase content per vehicle • Uncertainly of Pre-Buying in Q
Slide 14: Awards and CSR
Awards and CSR Earnings Presentation 13
Slide 15: Awards/Recognition – Q1 FY20
Awards/Recognition – Q1 FY20 Minda SAI is now certified Minda SAI and Minda Corp received the appreciation Spark Minda bagged CSR Leadership Award 2019 for Spark SAI- South receives 1st Runner Award on as Great Place to Work – 2019 award in Delivery performance from Ashok Leyland Best Practices in P
Slide 16: Awards/Recognition – Q1 FY20
Awards/Recognition – Q1 FY20 Minda Automotive Solutions bagged Inauguration of Minda Mitra 1st Prize State of the Art – Live Garage at Trichy Auto Expo 2019 Training for Mechanics with practical & theoretical Organizer: Tamil Nadu Automobile & fitment session under guidance of technical experts Alli
Slide 17: Corporate Social Responsibility – Q1FY20
Corporate Social Responsibility – Q1FY20 The pride of India, Bhaskar Award 2019 Technical education training session for the students of ITI CSR Journal Award for Business Integrated Prison program received from Goa Chief Minister Installation of Reverse vending machine in Delhi for Partner of CII f
Slide 18: Annexure A
Annexure A Earnings Presentation 17
Slide 19: Competitive Strengths
Competitive Strengths WELL DIVERSIFIED customer base STRONG RELATIONSHIPS with and product portfolio major Indian and Global OEMs TECHNOLOGICAL COLLABORATION A LEADING PLAYER in several of its with global automotive component product segments in India manufacturers PROFESSIONALLY MANAGED STRONG IN-H
Slide 20: Strategic Focus – Growth Drivers
Strategic Focus – Growth Drivers Growth Drivers #1 #2 #3 #4 Technology Organic Operational Excellence • Upgradation of legacy • Increased content per Inorganic growth in products Vehicle through higher adjacent areas • New advanced customer engagement Quality Leadership offerings in non legacy • Exp
Slide 21: Roadmap
Roadmap ▪ To Enhance Shareholders Wealth Group Target - By having a profitable growth better than Industry Focus Organic growth enhanced by: Inorganic growth: Revenue > Market Growth - Premiumization & Regulation - Adjacent Segment - Increasing content per vehicle - Focus on Technology and/or Focus
Slide 22: Business Verticals
Business Verticals Minda Corp (Consolidated) Information and Connected Mechatronics Plastics & Interior After-Market System • Safety Security Division • Wiring Harness Division • Minda KTSN Plastic Solution • Aftermarket Division • Die Casting Division GmbH & Co. KG • Telematics & Electric Mobility
Slide 23: Diversified Product Portfolio
Diversified Product Portfolio Mechatronics Ignition Switch Cum Smart Key System Mechatronics Immobilizers Aluminium Die Casting Compressor Housing Steering Lock Handles System Alternator Starter Motor Electronic and mechanical security systems Die casting components Starter motors and alternators In
Slide 24: Key Customers
Key Customers 2-3 Wheelers Commercial & Off Highway Passenger Vehicles Other Market Vehicles Earnings Presentation 23
Slide 25: Product Portfolio – 2 Wheelers
Product Portfolio – 2 Wheelers SENSOR - FLS HANDLE MOUNTING ASSY IGN LOCK & SPEEDOMETER WIRING FT CAP HARNESS CYLINDER HEAD CONTROL CABLES BRAKING SENSOR SSPS SYSTEM PARTS STEP HOLDER PARTS SENSOR SENSOR SPEED OPS & TEMP SENSOR TPS Note: Representative products Earnings Presentation Information & Co
Slide 26: Product Portfolio – Passenger Vehicles
Product Portfolio – Passenger Vehicles WIRING NOZZEL SRC BATTERY TRAY HARNESS DEFROSTER LOUVERS SPEEDOMETER GLOVE BOX CUP HOLDER STRG COLUMN SHROUD ENGINE SYSTEM DOOR SASH (TURBOCHARGER PARTS) TAIL GATE ENGINE SYSTEM LATCH (ENGINE MOUNTING PARTS) EGT SENSOR AC COMPRESSOR PARTS TEMP SENSOR FUEL LEVEL
Slide 27: Product Portfolio – Commercial Vehicles
Product Portfolio – Commercial Vehicles WIRING HARNESS SPEEDOMETER PM / SOOT SENSOR TEMP SENSOR EGT & EGRT SENSOR PRESSURE SENSOR LOCKSET & DOOR HANDLES FUEL LEVEL SPEED OIL SUMP SENSOR SENSOR Earnings Presentation Information & Connected Systems Mechatronics Plastics & Interiors 26 Note: Representa
Slide 28: Product Portfolio – Tractors
Product Portfolio – Tractors EGRT SENSOR SPEEDOMETER STARTER MOTORS WIRING HARNESS ALTERNATORS PRESSURE SENSOR SPEED SENSOR FUEL LEVEL SENSOR OIL SUMP TEMP SENSOR Note: Representative products Earnings Presentation Information & Connected Systems Mechatronics Plastics & Interiors 27
Slide 29: Manufacturing facilities strategically located globally providing support to OEMs
Manufacturing facilities strategically located globally providing support to OEMs North (12 Plants) Poland Madhya Germany Gujarat Pradesh (1 Plant) Czech Republic West Japan (11 Plants) Mexico Vietnam South (4 Plants) Indonesia Manufacturing Facilities Proposed Facility Offices Manufacturing Informa
Slide 30: Board of Directors
Board of Directors Eminent and Experienced Board of Directors Mr. Ashok Minda Chairman and Group CEO Mr. Sudhir Kashyap Mr. R. Laxman Executive Director & CEO Director & Group President, Finance Mr. Avinash P. Gandhi Mr. Rakesh Chopra Mr. Ashok Kumar Jha Ms. Pratima Ram On the Board of Lumax On the
Slide 31: Thank You
Thank You This presentation contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation Limited (“Minda Corp” or the Company) future business de