Ppap Automotive Limited · NSE:PPAP
Ppap Automotive — Q3 FY2020 Earnings Presentation
31 slides from Ppap Automotive's earnings presentation, February 2020
Slide 1: Investor Presentation Q3FY20 & 9MFY20
Investor Presentation Q3FY20 & 9MFY20 FEBRUARY 2020 PPAP Automotive Limited TAKING CHALLENGES, TOGETHER
Slide 2: Standalone Financial Highlights (9MFY20)
STANDALONE FINANCIAL HIGHLIGHTS (9MFY20) ………. ………. Revenue from Operations (₹ Cr.) 311.84 5.97 256.48 • Revenue from Operations at ₹ 256.48 cr and Part Sales at ₹ 245.32 cr 11.00 • PAT at ₹ 13.61 cr, 5.3% of Revenue 1.57 9.59 • EBITDA at ₹36.71 cr, 14.3% of Revenue • EPS stood at ₹ 9.72 • Interim Di
Slide 3: Standalone Quarterly Financial Highlights (Q3FY20)
STANDALONE ………. QUARTERLY FINANCIAL HIGHLIGHTS (Q3FY20) ………. Revenue from Operations 93.52 85.29 79.14 0.66 2.17 0.50 0.28 4.28 • Revenue from Operations at ₹ 79.14 cr and Part Sales at ₹ 76.38 cr 2.48 • PAT at ₹ 3.52 cr, 4.5% of Revenue • EBITDA at ₹10.62 cr, 13.4% of Revenue • EPS stood at ₹ 2.52
Slide 4: Our Evolution
OUR ………. EVOLUTION ………. Our Mission “TO BE A GLOBAL COMPANY WITH AN INSPIRING WORK CULTURE FOR SERVING CUSTOMERS AND THE SOCIETY BY EXCEEDING THE EXPECTATIONS OF ALL ITS STAKEHOLDERS” Certification of ISO 50001 Established Plant - V at Added Tata Motors as customer Established Plant - IV Vallam Vada
Slide 5: Who We Are
WHO ………. WE ARE ………. • Over 30 years of experience in Automotive Industry Rich Legacy • Identified as India’s leading manufacturer of Automotive Sealing Systems, Interior and Exterior Injection parts • Integrated operations from Print to Build Market Leadership • One stop shop for full range of Auto
Slide 6: Key Management
KEY ………. MANAGEMENT ………. Mr. Ajay Kumar Jain, Chairman & Managing Director Bachelor of Commerce from Shri Ram College of Commerce, Delhi University Associated with the Company since inception with experience of over 40 years in polymer processing industry and over 30 years in the automotive industry
Slide 7: Technology Partners
TECHNOLOGY ………. PARTNERS ………. NISSEN CHEMITEC CORPORATION, JAPAN TOKAI KOGYO CO. LTD., JAPAN Established: 1951 Established: 1947 Global Presence: USA, Thailand, Indonesia, Global Presence: USA, Thailand, Indonesia, China, Singapore Mexico, Vietnam AUTOMOTIVE EXTERIOR & SEALING PRODUCTS AUTOMOTIVE IN
Slide 8: Core Strengths
CORE ………. STRENGTHS ………. Leadership Position Strong Customer Base Strong R&D Facilities India’s leading manufacturer Leading OEM manufacturers in of Automotive Sealing Systems Capability from Design to Print Indian Market are customers State-of-the-art Access to Global Technology Healthy Financials
Slide 9: Strategic Growth Levers
STRATEGIC ………. GROWTH LEVERS ………. •Improve OEE (Overall Equipment Efficiency) Optimum utilization of Assets •International benchmarking •Our mantra “Every Paisa Counts” •Focus on cost optimization & operating leverage Continuous Improvement Levers of Optimization of sustainable of Operational Invest
Slide 10: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. ROOF MOULDING GLASS RUN CHANNEL - PRODUCTS MADE DRAIN HOSE ASSEMBLY BY PTI (JV) INNER BELT BACK DOOR / TRUNK MOULDING WINDSHIELD SEAL - PRODUCTS MADE BY PTI (JV) TRIM DOOR OPENING - PRODUCTS MADE BY PTI (JV) AIR SPOILER OUTER BELT BLACK
Slide 11: Product Roadmap – Our Comprehensive Product Offering
PRODUCT ………. ROADMAP – OUR COMPREHENSIVE PRODUCT OFFERING ………. UNDER HOOD PRODUCTS FR-PILLAR CTR-PILLAR RR-PILLAR PARTITION REAR TRAY LINING RR PANEL SIDE PROTECTORS TRUNK LINING IN CABIN PRODUCTS FENDER INNER DOOR LINING SPLASH GUARD 10
Slide 12: Product Roadmap – Extrusion & Injection
PRODUCT ………. ROADMAP – EXTRUSION & INJECTION ………. Extrusion Injection 11
Slide 13: Pan India Presence
PAN ………. INDIA PRESENCE ………. 7 Plants 4 Locations 2 JV Plants EXTRUSION FACILITIES Noida, Uttar Pradesh (Plant I & II) Vallam Vadagal, Tamil Nadu (Plant V) Viramgam, Gujarat (Plant VII) 1 3 1 INJECTION FACILITIES 1 Surajpur, Uttar Pradesh (Plant III) Pathredi, Rajasthan (Plant IV) 1 2 Viramgam, Guja
Slide 14: Customer Base & Export Countries
CUSTOMER ………. BASE & EXPORT COUNTRIES ………. RENAULT TS TECH Co.,Ltd. TOYOTA BOSHOKU DAIMLER CKD EXPORTS JAPAN USA Brazil Mexico Venezuela Thailand United Kingdom South Africa Argentina 13
Slide 15: Customer Base – Our Presence in New Models
CUSTOMER ………. BASE OUR PRESENCE IN NEW MODELS ………. CUSTOMER CONTRIBUTION TWO WHEELER, OTHERS , 5.5% HYUNDAI, 0.5% 1.5% MSIL, 41.5% TATA, 2.3% TKML, 4.1% Tata Harrier Renault Triber Nissan Kicks MG Hector NISSAN , 8.2% Hyundai Verna Hyundai Creta Vitara Brezza HCIL, 21.8% S.Presso Glanza All New Erti
Slide 16: Competitive Edge – State of the Art Manufacturing Facility
COMPETITIVE ………. EDGE – STATE OF THE ART MANUFACTURING FACILITY ………. Plastic Rubber Injection Commercial PPAP’s Engineering Expertise Extrusion Extrusion Molding Tool Room PVC / TPO / PP MATERIAL EPDM & TPV MATERIAL PP / ABS / POM Size upto 1.2 meter 4 Locations; 11 Extrusion Lines 2 Locations: 3 Lo
Slide 17: Wholly Owned Subsidiaries
WHOLLY ………. OWNED SUBSIDIARIES ………. • Date of becoming WOS - 04/10/2019 • Paid up share Capital - INR 50,00,000 Elpis Components Distributors Pvt. Ltd. • Product line - Trading and distribution of components and automotive accessories in after sales market or secondary market through dealership netw
Slide 18: Customer Appreciation - Accolades
CUSTOMER ………. APPRECIATION - ACCOLADES ………. ACCOLADES PRODUCTIVITY (SME)- THE MACHINIST SUPER SHOPFLOOR AWARDS 2018 ZERO DEFECT SUPPLIES - TOYOTA KIRLOSKAR ACHIEVING TARGETS IN QUALITY - TOYOTA KIRLOSKAR APPRECIATION AWARD - HYUNDAI MOTOR INDIA LIMITED FIRST RUNNER UP AWARD IN NATIONAL LEVEL QUALITY
Slide 19: Financial Performance Snapshot
FINANCIAL PERFORMANCE SNAPSHOT t >) y
Slide 20: Quarterly Performance
QUARTERLY ………. PERFORMANCE ………. 120.00 99.13 100.00 92.05 93.52 17.4% 17.1% 16.6% 85.29 79.14 80.00 13.4% 12.7% • Revenue from Operations stood at ₹ 79.14 cr in Q3FY20 v/s ₹ 93.52 cr in Q3FY19 ₹ Cr. 60.00 11.1% 10.4% 9.8% 40.00 5.5% 7.1% 20.00 6.4% 6.3% 5.4% 5.1% 4.5% 0.00 Q3FY19 Q4FY19 Q1FY20 Q2FY2
Slide 21: Major Expenses (₹ Cr.)
MAJOR ………. EXPENSES (₹ Cr.) ………. Materials Employee Benefits 19.8% 19.5% 19.2% 52.8% 52.9% 18.5% 18.3% 51.3% 52.0% 51.7% 47.99 51.50 47.61 45.02 41.85 17.28 18.15 17.66 16.91 15.43 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Value % to Revenue Value % to Revenue Other Expen
Slide 22: Interest & Earnings (₹ Cr.)
INTEREST & EARNINGS (₹ Cr.) ………. ………. INTEREST EBITDA 17.1% 17.4% 16.6% 12.7% 13.4% 0.9% 0.9% 0.9% 0.7% 0.8% 0.84 0.85 0.65 0.65 0.68 15.96 17.21 15.24 10.85 10.62 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Value % to Revenue Value % to Revenue EBIT PAT 7.1% 11.1% 6.4% 10.
Slide 23: EPS, Book Value, Market Capitalization (BSE)
EPS, ………. BOOK VALUE, MARKET CAPITALIZATION (BSE) ………. EPS (₹) Net Worth 215.26 214.98 216.29 5.04 210.79 202.97 4.24 4.11 3.09 2.52 28.89 23.87 21.66 16.48 14.76 284.15 295.11 301.36 300.97 302.81 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 EPS TTM ₹ EPS ₹ Net Worth (₹ Cr.
Slide 24: Key Ratios
KEY ………. RATIOS ………. Net Worth Working Capital 13.7% 76.11 12.2% 67.78 11.3% 55.22 53.65 9.6% 49.03 8.4% 7.7% 5.6% 5.4% 5.7% 4.7% 284.15 295.11 301.36 300.97 302.81 50.24 62.18 54.12 63.35 66.01 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Q3FY19 Q4FY19 Q1FY20 Q2FY20 Q3FY20 Net Worth (₹ Cr.) RONW ROCE Working
Slide 25: Consolidated Summary
CONSOLIDATE SUMMARY ………. ………. EPS (₹) 4.50 4.00 3.50 100.00 3.00 310.00 2.50 5.28 90.00 2.00 26.37 1.50 270.00 1.00 80.00 0.50 4.03 3.91 2.88 1.80 230.00 - Q3FY19 Q2FY20 Q3FY20 70.00 190.00 EPS (₹) 60.00 2.52 150.00 12.35 20.00 50.00 16.00 110.00 12.00 40.00 70.00 8.00 93.52 85.29 78.64 311.85 255.9
Slide 26: Financial Performance Snapshot (FY2016-2019)
FINANCIAL ………. PERFORMANCE SNAPSHOT (FY2016-2019) ( ₹ Cr.) ………. Revenue from Operations 397.62 410.98 318.50 302.75 345.01 EBITDA 2.65 6.82 21.3% 4.16 15.54 18.8% 39.86 19.3% 2.33 30.44 17.2% 7.81 388.62 355.12 292.61 310.41 52.06 66.61 84.88 77.20 FY 2016 FY 2017 FY 2018 FY 2019 FY 2016 FY 2017 FY
Slide 27: Financial Performance Snapshot (FY2016-2019)
FINANCIAL PERFORMANCE SNAPSHOT (FY2016-2019) (₹ Cr.) ………. ………. Fixed Assets (Gross Block) 224.27 272.12 313.34 195.53 Working Capital 2.3 65.48 11.83 12.10 55.22 51.07 3.18 50.19 10.48 0.45 8.50 7.68 298.94 62.18 54.31 55.64 249.81 47.44 212.59 187.4 FY 2016 FY 2017 FY 2018 FY 2019 FY 2016 FY 2017 F
Slide 28: Consolidated Financial Snapshot (FY2016-2019)
CONSOLIDATED ………. FINANCIAL SNAPSHOT (FY2016-2019) (₹ Cr.) ………. PAT 9.9% 8.1% 8.2% 4.4% 14.02 27.96 39.31 33.74 FY 2016 FY 2017 FY 2018 FY 2019 PAT PAT Margin 721.00 620 Market Capitalization (BSE) 185.00 122.10 235.6 229.57 278.56 89 218.40 321.37 735.07 401.38 FY 2016 FY 2017 FY 2018 FY 2019 Marke
Slide 29: Shareholding Pattern as on December 2019
SHAREHOLDING PATTERN AS ON 31 ST DECEMBER, 2019 ………. ………. 0.3% 2.4% 1.6% Promoter 9.3% Individual Bodies Corporation 22.2% Foreign Corporation 64.2% Foreign Portfolio Investor (Corporate) Others MARKET CAPITALIZATION (BSE) ₹ 285.67 Cr. 28
Slide 30: Safe Harbor
SAFE HARBOR ………. ………. Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially f
Slide 31: Thank You
For further information please contact: Mrs. Sonia Bhandari PPAP Automotive Limited Ph: +91 120 2462552 / 53 Email: investorservice@ppapco.com Mr. Gaurav Girdhar THANK YOU Concept Investor Relations Ph: +91 7798232425, +91 022 40558934 Email: gaurav.g@conceptpr.com